Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. Most of the Company’s business activities are with clients located in the high-density Asian-populated areas of Southern and Northern California; New York City, New York; Houston and Dallas, Texas; Seattle, Washington; Boston, Massachusetts; Chicago, Illinois; Edison, New Jersey; Rockville, Maryland; and Las Vegas, Nevada. The Company also has loan clients in Hong Kong. The Company has no The following table presents the composition of the Company’s loans as of December 31, 2023, 2022, As of December 31, 2023 2022 (In thousands) Loans: Commercial loans $ 3,305,048 $ 3,318,778 Construction loans 422,647 559,372 Commercial real estate loans 9,729,581 8,793,685 Residential mortgage loans 5,838,747 5,252,952 Equity lines 245,919 324,548 Installment and other loans 6,198 4,689 Gross loans 19,548,140 18,254,024 Less: Allowance for loan losses (154,562 ) (146,485 ) Unamortized deferred loan fees (10,720 ) (6,641 ) Total loans, net $ 19,382,858 $ 18,100,898 The Company pledged real estate loans of $14.15 billion as of December 31, 2023, December 31, 2022, December 31, 2023, December 31, 2022, Loans serviced for others as of December 31, 2023, December 31, 2022, The Company has entered into transactions with its directors, executive officers, or principal holders of its equity securities, or the associates of such persons (“Related Parties”). All loans to Related Parties were current as of December 31, 2023 2022. December 31, 2023 2022 (In thousands) Balance at beginning of year $ 33,217 $ 38,532 Additional loans made 20,160 25,050 Payment received (7,670 ) (30,365 ) Balance at end of year $ 45,707 $ 33,217 As of December 31, 2023, December 31, 2022. December 31, 2023 2022, December 31, 2023, 2022 2021. December 31, 2023 December 31, 2022. The following tables present the average balance and interest income recognized on non-accrual loans for the periods indicated: For the year ended December 31, 2023 Average Recorded Investment Interest Income Recognized (In thousands) Commercial loans $ 18,008 $ 3 Construction loans 6,336 — Commercial real estate loans 35,742 318 Residential mortgage and equity lines 11,743 — Installment and other loans 1 — Total $ 71,830 $ 321 Average Recorded Investment Interest Income Recognized Commercial loans $ 28,109 $ 4 Construction loans 28,983 — Commercial real estate loans 14,251 405 Residential mortgage and equity lines 28 26 Total $ 71,371 $ 435 The following table presents non-accrual loans and the related allowance as of December 31, 2023 2022: As of December 31, 2023 Unpaid Principal Balance Recorded Investment Allowance (In thousands) With no allocated allowance: Commercial loans $ 26,310 $ 14,404 $ — Construction loans 7,736 7,736 — Commercial real estate loans 41,725 32,030 — Residential mortgage and equity lines 12,957 12,511 — Installment and other loans — — — Subtotal $ 88,728 $ 66,681 $ — With allocated allowance: Commercial loans $ — $ — $ — Commercial real estate loans — — — Residential mortgage and equity lines — — — Subtotal $ — $ — $ — Total non-accrual loans $ 88,728 $ 66,681 $ — As of December 31, 2022 Unpaid Principal Balance Recorded Investment Allowance (In thousands) With no allocated allowance: Commercial loans $ 27,341 $ 12,949 $ — Commercial real estate loans 37,697 32,205 — Residential mortgage and equity lines 9,626 8,978 Installment and other loans 9 8 — Subtotal $ 74,673 $ 54,140 $ — With allocated allowance: Commercial loans $ 14,643 $ 12,823 $ 3,734 Commercial real estate loans 1,896 1,891 207 Subtotal $ 16,539 $ 14,714 $ 3,941 Total non-accrual loans $ 91,212 $ 68,854 $ 3,941 The following table is a summary of non-accrual loans as of December 31, 2023, 2022, 2021 As of December 31, 2023 2022 2021 (In thousands) Non-accrual portfolio loans $ 66,681 $ 68,854 $ 65,846 Contractual interest due 6,270 4,620 4,032 Interest recognized 321 435 1,074 Net interest foregone $ 5,949 $ 4,185 $ 2,958 The following tables present the aging of the loan portfolio by type as of December 31, 2023, December 31, 2022: As of December 31, 2023 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 11,771 $ 7,770 $ 508 $ 14,404 $ 34,453 $ 3,270,595 $ 3,305,048 Construction loans 25,389 22,998 — 7,736 56,123 366,524 422,647 Commercial real estate loans 27,900 1,503 6,649 32,030 68,082 9,661,499 9,729,581 Residential mortgage loans and equity lines 59,606 6,670 — 12,511 78,787 6,005,879 6,084,666 Installment and other loans 32 — — — 32 6,166 6,198 Total loans $ 124,698 $ 38,941 $ 7,157 $ 66,681 $ 237,477 $ 19,310,663 $ 19,548,140 As of December 31, 2022 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 8,192 $ 3,235 $ 10,208 $ 25,772 $ 47,407 $ 3,271,371 $ 3,318,778 Construction loans — — — — — 559,372 559,372 Commercial real estate loans 25,772 — 1,372 34,096 61,240 8,732,445 8,793,685 Residential mortgage loans and equity lines 47,043 5,685 — 8,978 61,706 5,515,794 5,577,500 Installment and other loans 5 1 — 8 14 4,675 4,689 Total loans $ 81,012 $ 8,921 $ 11,580 $ 68,854 $ 170,367 $ 18,083,657 $ 18,254,024 The Company has adopted ASU 2022 02, January 1, 2023. Under the new guidance on loan modifications made to borrowers experiencing financial difficulty, when a loan held for investment is modified and is considered to be a continuation of the original loan, the Company uses the post-modification contractual rate to derive the effective interest rate when using a discounted cash flow method to determine the allowance for credit loss. The amendments in this new guidance eliminate the previous TDR recognition and measurement guidance and, instead, require that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. Under the prior TDR guidance, a TDR is a formal modification of the terms of a loan when the lender, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower. The concessions may six The allowance for credit loss on a TDR was measured using the same method as all other loans held for investment, except when the value of a concession could not Upon adoption of ASU 2022 02, not 2022 02 If economic conditions or other factors worsen relative to the assumptions the Company utilized, the expected loan losses will increase accordingly in future periods. As of December 31, 2022, December 31, 2022, zero The following table presents TDRs that were modified during 2022, December 31, 2022, 2022: Loans Modified as TDRs During the Year Ended December 31, 2022 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserve Charge-offs (Dollars in thousands) Commercial loans 4 $ 6,115 $ 6,115 $ 427 $ — Commercial real estate loans 3 3,676 3,669 — — Residential mortgage and equity lines 8 2,189 2,162 — — Total 15 $ 11,980 $ 11,946 $ 427 $ — The following table presents TDRs that were modified during 2021, December 31, 2021, 2021: Loans Modified as TDRs During the Year Ended December 31, 2021 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Specific Reserve (1) Charge-off (Dollars in thousands) Commercial loans 3 $ 2,150 $ 2,150 $ — $ — Residential mortgage and equity lines 2 3 3 — — Total 5 $ 2,153 $ 2,153 $ — $ — Modifications of the loan terms in the three twelve December 31, 2023, The following table presents the amortized cost of loans modified to borrowers experiencing financial difficulty disaggregated by class of financing receivable and type of concession granted and the financial effects of the modifications for the twelve December 31, 2023 Financial Effects of Loan Modifications Payment Delay Combo-Rate Reduction/Term Extension/Payment Delay Total Modification as a % of Loan Class Weighted-Average Rate Reduction Weighted-Average Term Extension Weighted-Average Payment Deferral Loan Type Commercial loans $ — $ 2,650 $ 2,650 0.08 % 1.10 % 2.2 0.9 Residential mortgage loans 222 — 222 0.00 % 0.10 % 0.0 2.0 Total $ 222 $ 2,650 $ 2,872 The Company considers a loan to be in payment default once it is 60 to 90 days contractually past due under the modified terms. The Company tracks the performance of modified loans. A modified loan may may twelve December 31, 2023 The following table presents the performance of loans that were modified during the twelve December 31, 2023. Twelve Months Ended December 31, 2023 Current 30–89 Days Past Due 90+ Days Past Due Total (In thousands) Loan Type Commercial loans $ 2,650 $ — $ — $ 2,650 Residential mortgage loans 222 — — 222 Total $ 2,872 $ — $ — $ 2,872 A summary of TDRs by type of concession and by type of loans as of December 31, 2022, December 31, 2022 Accruing TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 2,588 $ — $ — $ 2,588 Commercial real estate loans 2,791 — 5,855 8,646 Residential mortgage loans 2,181 445 1,285 3,911 Total accruing TDRs $ 7,560 $ 445 $ 7,140 $ 15,145 December 31, 2022 Non-accrual TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 3,629 $ — $ — $ 3,629 Commercial real estate loans 1,098 — — 1,098 Residential mortgage loans 1,621 — — 1,621 Total non-accrual TDRs $ 6,348 $ — $ — $ 6,348 Modifications of the loan terms in the twelve December 31, 2022, three twelve We expect that the TDRs on accruing status as of December 31, 2022, The Company considers a loan to be in payment default once it is 60 to 90 days contractually past due under the modified terms. The Company did not twelve December 31, 2022. Under the Company’s internal underwriting policy, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification in order to determine whether a borrower is experiencing financial difficulty. As of December 31, 2023, no As part of the on-going monitoring of the credit quality of our loan portfolio, the Company utilizes a risk grading matrix to assign a risk rating to each loan. Loans are risk rated based on analysis of the current state of the borrower’s credit quality. The analysis of credit quality includes a review of sources of repayment, the borrower’s current financial and liquidity status and other relevant information. The risk rating categories can be generally described by the following grouping for non-homogeneous loans: ● Pass/Watch ● Special Mention not may ● Substandard may not not ● Doubtful may ● Loss no The following table summarizes the Company’s loan held for investment as of December 31, 2023 2022, Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Converted to Term Loans Total (In thousands) Commercial loans Pass/Watch $ 381,705 $ 323,939 $ 326,650 $ 96,725 $ 75,281 $ 136,162 $ 1,775,162 $ 8,308 $ 3,123,932 Special Mention 4,488 4,875 8,559 23,380 — — 75,419 — 116,721 Substandard 1,752 653 9,895 2,462 763 5,775 40,131 116 61,547 Doubtful — — — — — — — — — Total $ 387,945 $ 329,467 $ 345,104 $ 122,567 $ 76,044 $ 141,937 $ 1,890,712 $ 8,424 $ 3,302,200 YTD gross write-offs $ — $ 977 $ 1,312 $ 384 $ 3,672 $ 6,044 $ 1,520 $ — $ 13,909 Construction loans Pass/Watch $ 29,550 $ 131,984 $ 153,977 $ 19,461 $ 13,298 $ 3,131 $ — $ — $ 351,401 Special Mention 1,911 — 11,707 25,389 — 22,998 — — 62,005 Substandard — — — — 7,736 — — — 7,736 Total $ 31,461 $ 131,984 $ 165,684 $ 44,850 $ 21,034 $ 26,129 $ — $ — $ 421,142 YTD gross write-offs $ — $ — $ — $ — $ — $ 4,221 $ — $ — $ 4,221 Commercial real estate loans Pass/Watch $ 2,121,489 $ 1,959,239 $ 1,585,010 $ 887,508 $ 1,019,952 $ 1,726,015 $ 184,601 $ — $ 9,483,814 Special Mention 37,604 18,910 38,405 3,499 10,303 17,210 1,384 — 127,315 Substandard — 11,870 12,170 2,965 17,293 66,205 — — 110,503 Total $ 2,159,093 $ 1,990,019 $ 1,635,585 $ 893,972 $ 1,047,548 $ 1,809,430 $ 185,985 $ — $ 9,721,632 YTD gross write-offs $ — $ — $ 208 $ — $ 969 $ 4,164 $ — $ — $ 5,341 Residential mortgage loans Pass/Watch $ 1,140,998 $ 1,128,526 $ 902,613 $ 524,315 $ 541,005 $ 1,583,118 $ — $ — $ 5,820,575 Special Mention — — — 33 — 1,619 — — 1,652 Substandard 7 652 3,325 2,577 1,334 9,311 — — 17,206 Total $ 1,141,005 $ 1,129,178 $ 905,938 $ 526,925 $ 542,339 $ 1,594,048 $ — $ — $ 5,839,433 YTD gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Equity lines Pass/Watch $ — $ 98 $ — $ — $ — $ — $ 227,502 $ 16,628 $ 244,228 Special Mention — 3 — — — — — — 3 Substandard — — — — — — 2,511 173 2,684 Total $ — $ 101 $ — $ — $ — $ — $ 230,013 $ 16,801 $ 246,915 YTD gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Installment and other loans Pass/Watch $ 5,114 $ 981 $ 3 $ — $ — $ — $ — $ — $ 6,098 Total $ 5,114 $ 981 $ 3 $ — $ — $ — $ — $ — $ 6,098 YTD gross write-offs $ — $ 15 $ — $ — $ — $ — $ — $ — $ 15 Total loans $ 3,724,618 $ 3,581,730 $ 3,052,314 $ 1,588,314 $ 1,686,965 $ 3,571,544 $ 2,306,710 $ 25,225 $ 19,537,420 Total YTD gross write-offs $ — $ 992 $ 1,520 $ 384 $ 4,641 $ 14,429 $ 1,520 $ — $ 23,486 Loans Amortized Cost Basis by Origination Year December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Converted to Term Loans Total (In thousands) Commercial loans Pass/Watch $ 488,748 $ 446,647 $ 180,226 $ 119,355 $ 107,896 $ 106,649 $ 1,753,509 $ 6,560 $ 3,209,590 Special Mention 1,212 4,696 2,818 68 308 4,354 41,110 — 54,566 Substandard 25 12,750 342 4,859 2,766 6,985 22,084 133 49,944 Doubtful — — — 1,504 2,185 — 234 — 3,923 Total $ 489,985 $ 464,093 $ 183,386 $ 125,786 $ 113,155 $ 117,988 $ 1,816,937 $ 6,693 $ 3,318,023 YTD gross write-offs $ 96 $ 587 $ 120 $ 71 $ 1,786 $ 360 $ 202 $ — $ 3,222 Construction loans Pass/Watch $ 99,798 $ 264,197 $ 113,312 $ 20,479 $ 3,067 $ — $ — $ — $ 500,853 Special Mention — 360 9,449 11,643 22,945 — — — 44,397 Substandard — — — 1,736 9,309 — — — 11,045 Total $ 99,798 $ 264,557 $ 122,761 $ 33,858 $ 35,321 $ — $ — $ — $ 556,295 YTD gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate loans Pass/Watch $ 2,087,650 $ 1,728,607 $ 975,953 $ 1,094,505 $ 908,748 $ 1,420,982 $ 178,116 $ — $ 8,394,561 Special Mention 22,150 57,015 25,593 32,119 17,999 63,782 1,600 — 220,258 Substandard 12,320 7,861 14,392 19,972 34,899 81,844 2,631 — 173,919 Total $ 2,122,120 $ 1,793,483 $ 1,015,938 $ 1,146,596 $ 961,646 $ 1,566,608 $ 182,347 $ — $ 8,788,738 YTD gross write-offs $ — $ — $ — $ — $ 2,152 $ — $ — $ — $ 2,152 Residential mortgage loans Pass/Watch $ 1,228,391 $ 964,799 $ 580,990 $ 600,786 $ 417,565 $ 1,444,320 $ — $ — $ 5,236,851 Special Mention — — 33 — 752 905 — — 1,690 Substandard 206 762 2,028 1,966 1,799 8,785 — — 15,546 Total $ 1,228,597 $ 965,561 $ 583,051 $ 602,752 $ 420,116 $ 1,454,010 $ — $ — $ 5,254,087 YTD gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Equity lines Pass/Watch $ 731 $ — $ — $ — $ — $ — $ 302,825 $ 21,460 $ 325,016 Special Mention 5 — — — — — — — 5 Substandard 12 — — — — — 1,043 220 1,275 Total $ 748 $ — $ — $ — $ — $ — $ 303,868 $ 21,680 $ 326,296 YTD gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Installment and other loans Pass/Watch $ 1,792 $ 2,152 $ — $ — $ — $ — $ — $ — $ 3,944 Total $ 1,792 $ 2,152 $ — $ — $ — $ — $ — $ — $ 3,944 YTD gross write-offs $ 116 $ — $ — $ — $ — $ — $ — $ — $ 116 Total loans $ 3,943,040 $ 3,489,846 $ 1,905,136 $ 1,908,992 $ 1,530,238 $ 3,138,606 $ 2,303,152 $ 28,373 $ 18,247,383 Total YTD gross write-offs $ 212 $ 587 $ 120 $ 71 $ 3,938 $ 360 $ 202 $ — $ 5,490 Revolving loans that are converted to term loans presented in the table above are excluded from the term loans by vintage year columns. The following table details activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2023, 2022. one not Commercial Residential Installment Commercial Construction Real Estate Mortgage and Other Loans Loans Loans and Equity Lines Loans Total Allowance for loan losses (In thousands) 2021 Ending Balance $ 43,394 $ 6,302 $ 61,081 $ 25,379 $ 1 $ 136,157 Provision/(reversal) for expected credit losses 6,798 4,109 9,079 (7,221 ) 148 12,913 Charge-offs (3,222 ) — (2,152 ) — (116 ) (5,490 ) Recoveries 2,465 6 358 74 2 2,905 Net (Charge-offs)/Recoveries $ (757 ) $ 6 $ (1,794 ) $ 74 $ (114 ) $ (2,585 ) 2022 Ending Balance $ 49,435 $ 10,417 $ 68,366 $ 18,232 $ 35 $ 146,485 Provision/(reversal) for expected credit losses 15,275 1,984 8,570 (177 ) 3 25,655 Charge-offs (13,909 ) (4,221 ) (5,341 ) — (15 ) (23,486 ) Recoveries 2,990 — 2,833 85 — 5,908 Net (Charge-offs)/Recoveries $ (10,919 ) $ (4,221 ) $ (2,508 ) $ 85 $ (15 ) $ (17,578 ) 2023 Ending Balance $ 53,791 $ 8,180 $ 74,428 $ 18,140 $ 23 $ 154,562 Allowance for unfunded credit commitments, 2021 Ending Balance $ 3,725 $ 3,375 $ — $ — $ — $ 7,100 Provision for expected credit losses 1,115 515 — — — 1,630 Allowance for unfunded credit commitments 2022 Ending Balance $ 4,840 $ 3,890 $ — $ — $ — $ 8,730 Provision/(reversal) for expected credit losses 2,048 (1,725 ) — — — 323 Allowance for unfunded credit commitments 2023 Ending Balance $ 6,888 $ 2,165 $ — $ — $ — $ 9,053 Residential mortgage loans in process of formal foreclosure proceedings were $242 thousand as of December 31, 2023, December 31, 2022. |