first mortgage 64 -- -- NM NM
Acquisition,
development, and
construction 13 -- 1 NM NM
------------------------ ------------ -------------------
Total non-accrual
mortgage loans held
for sale $ 189 $ 15 $ 164 1160 % 15 %
======================== ============ ===================
The following table presents the Company's asset quality measures at the respective dates:
September 30, June 30, December 31,
2024 2024 2023
------------- -------- ------------
Non-accrual held for investment
loans to total loans held for
investment 3.54 % 2.60 % 0.51 %
Non-accrual held for investment
loans and repossessed assets to
total assets 2.21 1.65 0.39
Allowance for credit losses on
loans to non-accrual loans held
for investment 50.28 65.31 231.51
Allowance for credit losses on
loans to total loans held for
investment 1.78 1.70 1.17
NEW YORK COMMUNITY BANCORP, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
The following table presents the Company's loans 30 to 89 days past due at the respective dates:
September 30,
2024
compared to
June
September 30, June 30, December 31, 30, December
(dollars in millions) 2024 2024 2023 2024 31, 2023
--------------------- -------------- ---------------------- ----- ---------
Loans 30 to 89 Days
Past Due:
Multi-family $ 124 $ 893 $ 121 -86 % 2 %
Commercial real
estate 43 125 28 -66 % 54 %
One-to-four family
first mortgage 21 22 40 -5 % -48 %
Acquisition,
development, and
construction 16 54 2 -70 % 700 %
Commercial and
industrial 47 100 37 -53 % 27 %
Other loans 10 10 22 -- % -55 %
--------------------- -------------- ----------------------
Total loans 30 to 89
days past due $ 261 $ 1,204 $ 250 -78 % 4 %
===================== ============== ======================
The following table summarizes the Company's net charge-offs (recoveries) for the respective periods:
For the Three Months Ended For the Nine Months Ended
--------------------------------------------------------- --------------------------------------------
September 30, June 30, September 30, September 30, September 30,
2024 2024 2023 2024 2023
------------------- ------------ ---------------------- --------------------- ---------------------
(dollars in millions)
Charge-offs:
Multi-family $ 101 $ 76 $ 2 $ 188 $ 2
Commercial real
estate 110 237 14 411 14
One-to-four family
residential 7 1 -- 8 3
Acquisition,
development and
construction 4 -- -- 4 --
Commercial and
industrial 33 35 6 79 6
Other 5 5 4 15 9
------------------- ------------ ---------------------- --------------------- ---------------------
Total charge-offs $ 260 $ 354 $ 26 $ 705 $ 34
------------------- ------------ ---------------------- --------------------- ---------------------
Recoveries:
Multi-family $ (3) $ -- $ -- $ (4) $ --
Commercial real
estate (6) -- -- (6) --
One-to-four family
residential (5) -- -- (5) --
Commercial and
industrial (4) (4) (1) (15) (8)
Other (2) (1) (1) (5) (3)
------------------- ------------ ---------------------- --------------------- ---------------------
Total recoveries $ (20) $ (5) $ (2) $ (35) $ (11)
------------------- ------------ ---------------------- --------------------- ---------------------
Net charge-offs
(recoveries) $ 240 $ 349 $ 24 $ 670 $ 23
=================== ============ ====================== ===================== =====================
Net charge-offs
(recoveries) to
average loans (1) 0.31 % 0.42 % 0.03 % 0.82 % 0.03 %
(1) Three months ended presented on a non-annualized basis.
NEW YORK COMMUNITY BANCORP, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
LOANS SERVICED AND SUBSERVICED
September 30, 2024 June 30, 2024
------------------------- -------------------------
Unpaid Unpaid
Principal Number of Principal Number of
(dollars in millions) Balance (1) accounts Balance (1) accounts
-------------- --------- -------------- ---------
Subserviced for others
(2) $ 265,343 912,835 $ 269,924 945,888
Serviced for others
(3) 79,020 310,684 77,484 305,113
Serviced for own loan
portfolio (4) 8,658 51,772 8,435 51,899
-------------- --------- -------------- ---------
Total loans serviced $ 353,021 1,275,291 $ 355,843 1,302,900
============== ========= ============== =========
(1) UPB, net of write downs, does not include premiums or discounts.
(2) Loans subserviced for a fee for non-Company owned loans or MSRs. Includes
temporary short-term subservicing performed as a result of sales of
servicing-released MSRs.
(3) Loans for which the Company owns the MSR.
(4) Includes LHFI (residential first mortgage, home equity and other
consumer), LHFS (residential first mortgage), loans with government
guarantees (residential first mortgage), and repossessed assets.
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-york-community-bancorp-inc-reports-third-quarter-2024-gaap-net-loss-attributable-to-common-stockholders-of-0-79-per-diluted-share-and-non-gaap-net-loss-attributable-to-common-stockholders-of-0-69-per-diluted-share-302286878.html
SOURCE New York Community Bancorp, Inc.
(END) Dow Jones Newswires
October 25, 2024 07:00 ET (11:00 GMT)
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