Loan Portfolio and Allowance for Credit Losses (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
Loan Portfolio and Allowance for Credit Losses [Abstract] |
|
Recorded Investment in Loans by Portfolio Segment |
The following tables presents loans by portfolio segment:
|
|
September 30, 2023
|
|
(dollars in thousands) |
|
New York and
|
|
|
|
|
|
|
|
|
|
other states*
|
|
|
Florida
|
|
|
Total
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
208,394
|
|
|
$
|
38,933
|
|
|
$
|
247,327
|
|
Other
|
|
|
20,947
|
|
|
|
368
|
|
|
|
21,315
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
2,753,008
|
|
|
|
1,531,821
|
|
|
|
4,284,829
|
|
Home equity loans
|
|
|
44,873
|
|
|
|
13,304
|
|
|
|
58,177
|
|
Home equity lines of credit
|
|
|
206,806
|
|
|
|
125,222
|
|
|
|
332,028
|
|
Installment
|
|
|
12,217
|
|
|
|
4,388
|
|
|
|
16,605
|
|
Total loans, net
|
|
$
|
3,246,245
|
|
|
$
|
1,714,036
|
|
|
|
4,960,281
|
|
Less: Allowance for credit losses
|
|
|
|
|
|
|
|
|
|
|
47,226
|
|
Net loans
|
|
|
|
|
|
|
|
|
|
$
|
4,913,055
|
|
*Includes New York, New Jersey,
Vermont and Massachussetts.
|
|
December 31, 2022
|
|
(dollars in thousands) |
|
New York and
|
|
|
|
|
|
|
|
|
|
other states*
|
|
|
Florida
|
|
|
Total
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
177,371
|
|
|
$
|
32,551
|
|
|
$
|
209,922
|
|
Other
|
|
|
20,221
|
|
|
|
868
|
|
|
|
21,089
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
2,776,989
|
|
|
|
1,369,913
|
|
|
|
4,146,902
|
|
Home equity loans
|
|
|
43,999
|
|
|
|
12,550
|
|
|
|
56,549
|
|
Home equity lines of credit
|
|
|
191,926
|
|
|
|
94,506
|
|
|
|
286,432
|
|
Installment
|
|
|
9,408
|
|
|
|
2,899
|
|
|
|
12,307
|
|
Total loans, net
|
|
$
|
3,219,914
|
|
|
$
|
1,513,287
|
|
|
|
4,733,201
|
|
Less: Allowance for credit losses
|
|
|
|
|
|
|
|
|
|
|
46,032
|
|
Net loans
|
|
|
|
|
|
|
|
|
|
$
|
4,687,169
|
|
*Includes New York, New Jersey, Vermont
and Massachussetts.
|
Activity in Allowance For Credit Losses on Loans by Portfolio Segment |
Activity in the allowance for credit losses on loans by portfolio segment for the three months ended September 30, 2023 is summarized as follows:
|
|
For the three months ended September 30, 2023
|
|
(dollars in thousands) |
|
|
|
|
Real Estate
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
1 to 4 Family
|
|
|
Installment
|
|
|
Total
|
|
Balance at beginning of period |
|
$ |
2,610 |
|
|
$ |
44,067 |
|
|
$ |
237 |
|
|
$ |
46,914 |
|
Loans charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
-
|
|
|
|
27
|
|
|
|
23
|
|
|
|
50
|
|
Florida
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Total loan chargeoffs
|
|
|
-
|
|
|
|
27
|
|
|
|
23
|
|
|
|
50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recoveries of loans previously charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
-
|
|
|
|
53
|
|
|
|
9
|
|
|
|
62
|
|
Florida
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Total recoveries
|
|
|
-
|
|
|
|
53
|
|
|
|
9
|
|
|
|
62
|
|
Net loans (recoveries) charged off
|
|
|
-
|
|
|
|
(26
|
)
|
|
|
14
|
|
|
|
(12
|
)
|
(Credit)
provision for credit losses
|
|
|
103
|
|
|
|
192
|
|
|
|
5
|
|
|
|
300
|
|
Balance at end of period
|
|
$
|
2,713
|
|
|
$
|
44,285
|
|
|
$
|
228
|
|
|
$
|
47,226
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
Activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2022
is summarized as follows:
|
|
For the three months ended September 30,
2022
|
|
(dollars in thousands) |
|
|
|
|
Real Estate
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
1 to 4 Family
|
|
|
Installment
|
|
|
Total
|
|
Balance at beginning of period
|
|
$
|
2,274
|
|
|
|
42,880
|
|
|
|
131
|
|
|
|
45,285
|
|
Loans charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
-
|
|
|
|
13
|
|
|
|
34
|
|
|
|
47
|
|
Florida
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Total loan chargeoffs
|
|
|
-
|
|
|
|
13
|
|
|
|
34
|
|
|
|
47
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recoveries of loans previously charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
-
|
|
|
|
177
|
|
|
|
-
|
|
|
|
177
|
|
Florida
|
|
|
-
|
|
|
|
-
|
|
|
|
2
|
|
|
|
2
|
|
Total recoveries
|
|
|
-
|
|
|
|
177
|
|
|
|
2
|
|
|
|
179
|
|
Net loan recoveries
|
|
|
-
|
|
|
|
(164
|
)
|
|
|
32
|
|
|
|
(132
|
)
|
(Credit) provision for credit losses
|
|
|
155
|
|
|
|
(100
|
)
|
|
|
45
|
|
|
|
100
|
|
Balance at end of period
|
|
$
|
2,429
|
|
|
|
42,944
|
|
|
|
144
|
|
|
|
45,517
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
Activity in the allowance for credit losses on loans by portfolio segment
for the nine months ended September 30, 2023 is summarized as follows:
|
|
For the nine
months ended September 30, 2023
|
|
(dollars in thousands)
|
|
|
|
|
Real Estate
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
1 to 4 Family
|
|
|
Installment
|
|
|
Total
|
|
Balance at beginning of period
|
|
$
|
2,596
|
|
|
$
|
43,271
|
|
|
$
|
165
|
|
|
$
|
46,032
|
|
Loans charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
-
|
|
|
|
49
|
|
|
|
69
|
|
|
|
118
|
|
Florida
|
|
|
-
|
|
|
|
-
|
|
|
|
71
|
|
|
|
71
|
|
Total loan chargeoffs
|
|
|
-
|
|
|
|
49
|
|
|
|
140
|
|
|
|
189
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recoveries of loans previously charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
129
|
|
|
|
289
|
|
|
|
40
|
|
|
|
458
|
|
Florida
|
|
|
-
|
|
|
|
25
|
|
|
|
-
|
|
|
|
25
|
|
Total recoveries
|
|
|
129
|
|
|
|
314
|
|
|
|
40
|
|
|
|
483
|
|
Net loans (recoveries) charged off
|
|
|
(129
|
)
|
|
|
(265
|
)
|
|
|
100
|
|
|
|
(294
|
)
|
(Credit) provision for credit losses
|
|
|
(12
|
)
|
|
|
749
|
|
|
|
163
|
|
|
|
900
|
|
Balance at end of period
|
|
$
|
2,713
|
|
|
$
|
44,285
|
|
|
$
|
228
|
|
|
$
|
47,226
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
Activity in the allowance for loan losses by portfolio segment for the nine months ended
September 30, 2022 is summarized as follows:
|
|
For the nine months ended September 30, 2022
|
|
(dollars in thousands)
|
|
|
|
|
Real Estate
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
1 to 4 Family
|
|
|
Installment
|
|
|
Total
|
|
Balance at beginning of period
|
|
$
|
3,135
|
|
|
|
40,689
|
|
|
|
443
|
|
|
|
44,267
|
|
Impact of ASU 2016-13, Current Expected Credit Loss (CECL)
|
|
|
(986 |
) |
|
|
3,717 |
|
|
|
(378 |
) |
|
|
2,353 |
|
Balance as of January 1, 2022 as adjuste dfor ASU 2016-13
|
|
$ |
2,149 |
|
|
|
44,406 |
|
|
|
65 |
|
|
|
46,620 |
|
Loans charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
40
|
|
|
|
25
|
|
|
|
53
|
|
|
|
118
|
|
Florida
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Total loan chargeoffs
|
|
|
40
|
|
|
|
25
|
|
|
|
53
|
|
|
|
118
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recoveries of loans previously charged off:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*
|
|
|
4
|
|
|
|
405
|
|
|
|
4
|
|
|
|
413
|
|
Florida
|
|
|
-
|
|
|
|
-
|
|
|
|
2
|
|
|
|
2
|
|
Total recoveries
|
|
|
4
|
|
|
|
405
|
|
|
|
6
|
|
|
|
415
|
|
Net loan recoveries
|
|
|
36
|
|
|
|
(380
|
)
|
|
|
47
|
|
|
|
(297
|
)
|
(Credit) provision for loan losses
|
|
|
316
|
|
|
|
(1,842
|
)
|
|
|
126
|
|
|
|
(1,400
|
)
|
Balance at end of period
|
|
$
|
2,429
|
|
|
|
42,944
|
|
|
|
144
|
|
|
|
45,517
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
|
Allowance For Credit Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method |
The following tables present the balance in the allowance for
credit losses on loans by portfolio segment and based on impairment evaluation as of September 30, 2023 and December 31, 2022:
|
|
As of September 30,
2023
|
|
(dollars in thousands) |
|
|
|
|
1-to-4 Family
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
Residential |
|
|
Installment |
|
|
|
|
|
|
Loans
|
|
|
Real Estate
|
|
|
Loans
|
|
|
Total
|
|
Allowance for credit losses on loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
Collectively evaluated for impairment
|
|
|
2,713
|
|
|
|
44,285
|
|
|
|
228
|
|
|
|
47,226
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending allowance balance
|
|
$
|
2,713
|
|
|
$
|
44,285
|
|
|
$
|
228
|
|
|
$
|
47,226
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
$
|
962
|
|
|
$
|
24,521
|
|
|
$
|
106
|
|
|
$
|
25,589
|
|
Collectively evaluated for impairment
|
|
|
267,680
|
|
|
|
4,650,513
|
|
|
|
16,499
|
|
|
|
4,934,692
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending loans balance
|
|
$
|
268,642
|
|
|
$
|
4,675,034
|
|
|
$
|
16,605
|
|
|
$
|
4,960,281
|
|
|
|
As of December 31, 2022
|
|
(dollars in thousands) |
|
|
|
|
1-to-4 Family
|
|
|
|
|
|
|
|
|
|
Commercial |
|
|
Residential |
|
|
Installment |
|
|
|
|
|
|
Loans
|
|
|
Real Estate
|
|
|
Loans
|
|
|
Total
|
|
Allowance for credit losses on loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
$
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Collectively evaluated for impairment
|
|
|
2,596
|
|
|
|
43,271
|
|
|
|
165
|
|
|
|
46,032
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending allowance balance
|
|
$
|
2,596
|
|
|
|
43,271
|
|
|
|
165
|
|
|
|
46,032
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
$
|
646
|
|
|
|
24,967
|
|
|
|
82
|
|
|
|
25,695
|
|
Collectively evaluated for impairment
|
|
|
230,365
|
|
|
|
4,464,916
|
|
|
|
12,225
|
|
|
|
4,707,506
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending loans balance
|
|
$
|
231,011
|
|
|
|
4,489,883
|
|
|
|
12,307
|
|
|
|
4,733,201
|
|
|
Allowance for Credit Losses on Unfunded Commitments |
The Company’s activity in the allowance for credit losses on
unfunded commitments for the three and nine months ended September 30, 2023 and 2022 was as follows:
(In thousands)
|
|
For the three
months ended
September 30, 2023
|
|
Balance at June 30, 2023 |
|
$
|
2,112
|
|
(Credit)
provision for credit losses |
|
|
(200
|
)
|
Balance at September 30, 2023 |
|
$
|
1,912
|
|
(In
thousands) |
|
For the nine
months ended
September 30, 2023
|
|
Balance at January 1, 2023 |
|
$
|
2,912
|
|
(Credit)
provision for credit losses |
|
|
(1,000
|
)
|
Balance at September 30, 2023 |
|
$
|
1,912
|
|
(In
thousands) |
|
For the three
months ended
September 30, 2022
|
|
Balance at June 30, 2022 |
|
$
|
3,162
|
|
Provision
for credit losses |
|
|
200
|
|
Balance at September 30, 2022 |
|
$
|
3,362
|
|
(In thousands)
|
|
For the nine
months ended
September 30, 2022
|
|
Balance at January 1, 2022
|
|
$
|
18
|
|
Impact of Adopting CECL
|
|
|
2,335
|
|
Adjusted Balance at January 1, 2022
|
|
$
|
2,353
|
|
Provision for credit losses
|
|
|
1,009
|
|
Balance at September 30, 2022
|
|
$
|
3,362
|
|
|
Risk Category Loans by Class of Loans |
As of September 30, 2023, and December 31, 2022 and based on the most recent analysis performed, the risk category of loans by class of loans,
and gross charge-offs year to date for each loan type by origination year was as follows:
(in
thousands)
|
|
As of September 30, 2023 |
|
|
|
Term Loans Amortized Cost Basis by Origination
Year
|
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
2020
|
|
|
2019
|
|
|
Prior
|
|
|
|
|
|
Revolving
Loan
Converted to Term
|
|
|
Total
|
|
Commercial :
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$
|
51,541
|
|
|
$
|
83,437
|
|
|
$
|
24,249
|
|
|
$
|
16,926
|
|
|
$
|
20,322
|
|
|
$
|
42,634
|
|
|
$
|
6,464
|
|
|
$
|
-
|
|
|
$
|
245,573
|
|
Special
Mention
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
47
|
|
|
|
-
|
|
|
|
230
|
|
|
|
-
|
|
|
|
-
|
|
|
|
277
|
|
Substandard
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
108
|
|
|
|
-
|
|
|
|
1,369
|
|
|
|
-
|
|
|
|
-
|
|
|
|
1,477
|
|
Total
Commercial Loans
|
|
$
|
51,541
|
|
|
$
|
83,437
|
|
|
$
|
24,249
|
|
|
$
|
17,081
|
|
|
$
|
20,322
|
|
|
$
|
44,233
|
|
|
$
|
6,464
|
|
|
$
|
-
|
|
|
$
|
247,327
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period
Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
Other:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$
|
6,052
|
|
|
$
|
2,968
|
|
|
$
|
2,077
|
|
|
$
|
1,569
|
|
|
$
|
430
|
|
|
$
|
2,536
|
|
|
$
|
5,255
|
|
|
$
|
-
|
|
|
$
|
20,887
|
|
Special
mention
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Substandard
|
|
|
-
|
|
|
|
-
|
|
|
|
330
|
|
|
|
-
|
|
|
|
-
|
|
|
|
98
|
|
|
|
-
|
|
|
|
-
|
|
|
|
428
|
|
Total
Commercial Real Estate Loans
|
|
$
|
6,052
|
|
|
$
|
2,968
|
|
|
$
|
2,407
|
|
|
$
|
1,569
|
|
|
$
|
430
|
|
|
$
|
2,634
|
|
|
$
|
5,255
|
|
|
$
|
-
|
|
|
$
|
21,315
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
Commercial Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period
Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$ |
-
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
First Mortgage:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
332,209
|
|
|
$
|
571,064
|
|
|
$
|
890,093
|
|
|
$
|
744,547
|
|
|
$
|
349,235
|
|
|
$
|
1,380,747
|
|
|
$
|
2,818
|
|
|
$
|
-
|
|
|
$
|
4,270,713
|
|
Nonperforming
|
|
|
64
|
|
|
|
210
|
|
|
|
389
|
|
|
|
230
|
|
|
|
1,123
|
|
|
|
12,100
|
|
|
|
-
|
|
|
|
-
|
|
|
|
14,116
|
|
Total First
Mortgage:
|
|
$
|
332,273
|
|
|
$
|
571,274
|
|
|
$
|
890,482
|
|
|
$
|
744,777
|
|
|
$
|
350,358
|
|
|
$
|
1,392,847
|
|
|
$
|
2,818
|
|
|
$
|
-
|
|
|
$
|
4,284,829
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential
First Mortgage Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period
Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
27
|
|
|
$
|
22
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$ |
49
|
|
|
|
$
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
27
|
|
|
|
22
|
|
|
|
-
|
|
|
|
-
|
|
|
$
|
49
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
8,095
|
|
|
$
|
6,112
|
|
|
$
|
8,136
|
|
|
$
|
5,757
|
|
|
$
|
6,667
|
|
|
$
|
23,127
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
57,894
|
|
Nonperforming
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
283
|
|
|
|
-
|
|
|
|
-
|
|
|
|
283
|
|
Total Home
Equity Loans:
|
|
$
|
8,095
|
|
|
$
|
6,112
|
|
|
$
|
8,136
|
|
|
$
|
5,757
|
|
|
$
|
6,667
|
|
|
$
|
23,410
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
58,177
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period
Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity
Lines of Credit:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
766
|
|
|
$
|
824
|
|
|
$
|
365
|
|
|
$
|
126
|
|
|
$
|
30
|
|
|
$
|
16,765
|
|
|
$
|
310,690
|
|
|
$
|
-
|
|
|
$
|
329,566
|
|
Nonperforming
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
2,096
|
|
|
|
366
|
|
|
|
-
|
|
|
|
2,462
|
|
Total Home
Equity Credit Lines:
|
|
$
|
766
|
|
|
$
|
824
|
|
|
$
|
365
|
|
|
$
|
126
|
|
|
$
|
30
|
|
|
$
|
18,861
|
|
|
$
|
311,056
|
|
|
$
|
-
|
|
|
$
|
332,028
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity
Lines of Credit:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period
Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$ |
-
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
Installments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
7,330
|
|
|
$
|
5,137
|
|
|
$
|
1,667
|
|
|
$
|
452
|
|
|
$
|
277
|
|
|
$
|
594
|
|
|
$
|
990
|
|
|
$
|
-
|
|
|
$
|
16,447
|
|
Nonperforming
|
|
|
-
|
|
|
|
32
|
|
|
|
51
|
|
|
|
-
|
|
|
|
68
|
|
|
|
2
|
|
|
|
5
|
|
|
|
-
|
|
|
|
158
|
|
Total
Installments
|
|
$
|
7,330
|
|
|
$
|
5,169
|
|
|
$
|
1,718
|
|
|
$
|
452
|
|
|
$
|
345
|
|
|
$
|
596
|
|
|
$
|
995
|
|
|
$
|
-
|
|
|
$
|
16,605
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installments
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period
Gross writeoffs
|
|
$
|
-
|
|
|
$
|
58
|
|
|
$
|
49
|
|
|
$
|
6
|
|
|
$
|
10
|
|
|
$
|
17
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$ |
140
|
|
|
|
$
|
-
|
|
|
$
|
58
|
|
|
$
|
49
|
|
|
$
|
6
|
|
|
$
|
10
|
|
|
$
|
17
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
140
|
|
(in thousands)
|
|
As of December 31, 2022
|
|
|
|
Term Loans Amortized Cost Basis by Origination Year
|
|
Commercial :
|
|
2022
|
|
|
2021
|
|
|
2020
|
|
|
2019
|
|
|
2018
|
|
|
Prior
|
|
|
Revolving Loans Amortized Cost Basis
|
|
|
Revolving Loan Converted to Term
|
|
|
Total
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$
|
79,430
|
|
|
$
|
29,991
|
|
|
$
|
18,708
|
|
|
$
|
22,790
|
|
|
$
|
16,598
|
|
|
$
|
32,666
|
|
|
$
|
8,022
|
|
|
$
|
-
|
|
|
$
|
208,205
|
|
Special Mention
|
|
|
-
|
|
|
|
-
|
|
|
|
62
|
|
|
|
-
|
|
|
|
243
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
305
|
|
Substandard
|
|
|
-
|
|
|
|
-
|
|
|
|
113
|
|
|
|
-
|
|
|
|
128
|
|
|
|
1,171
|
|
|
|
-
|
|
|
|
-
|
|
|
|
1,412
|
|
Total Commercial Loans
|
|
$
|
79,430
|
|
|
$
|
29,991
|
|
|
$
|
18,883
|
|
|
$
|
22,790
|
|
|
$
|
16,969
|
|
|
$
|
33,837
|
|
|
$
|
8,022
|
|
|
$
|
-
|
|
|
$
|
209,922
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
40
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
40
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
40
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Other:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$
|
2,972
|
|
|
$
|
2,848
|
|
|
$
|
2,273
|
|
|
$
|
590
|
|
|
$
|
674
|
|
|
$
|
2,348
|
|
|
$
|
8,908
|
|
|
$
|
-
|
|
|
$
|
20,613
|
|
Special mention
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
39
|
|
|
|
-
|
|
|
|
39
|
|
Substandard
|
|
|
-
|
|
|
|
339
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
98
|
|
|
|
-
|
|
|
|
-
|
|
|
|
437
|
|
Total Commercial Real Estate Loans
|
|
$
|
2,972
|
|
|
$
|
3,187
|
|
|
$
|
2,273
|
|
|
$
|
590
|
|
|
$
|
674
|
|
|
$
|
2,446
|
|
|
$
|
8,947
|
|
|
$
|
-
|
|
|
$
|
21,089
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential First Mortgage:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
557,981
|
|
|
$
|
933,754
|
|
|
$
|
784,511
|
|
|
$
|
368,137
|
|
|
$
|
257,926
|
|
|
$
|
1,228,776
|
|
|
$
|
1,472
|
|
|
$
|
-
|
|
|
$
|
4,132,557
|
|
Nonperforming
|
|
|
-
|
|
|
|
496
|
|
|
|
81
|
|
|
|
844
|
|
|
|
351
|
|
|
|
12,573
|
|
|
|
-
|
|
|
|
-
|
|
|
|
14,345
|
|
Total First Mortgage:
|
|
$
|
557,981
|
|
|
$
|
934,250
|
|
|
$
|
784,592
|
|
|
$
|
368,981
|
|
|
$
|
258,277
|
|
|
$
|
1,241,349
|
|
|
$
|
1,472
|
|
|
$
|
-
|
|
|
$
|
4,146,902
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential First Mortgage Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
5
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
5
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
5
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
6,863
|
|
|
$
|
9,124
|
|
|
$
|
6,322
|
|
|
$
|
7,588
|
|
|
$
|
5,240
|
|
|
$
|
21,217
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
56,354
|
|
Nonperforming
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
66
|
|
|
|
129
|
|
|
|
-
|
|
|
|
-
|
|
|
|
195
|
|
Total Home Equity Loans:
|
|
$
|
6,863
|
|
|
$
|
9,124
|
|
|
$
|
6,322
|
|
|
$
|
7,588
|
|
|
$
|
5,306
|
|
|
$
|
21,346
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
56,549
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity Lines Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity Credit Lines:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
1,369
|
|
|
$
|
1,246
|
|
|
$
|
740
|
|
|
$
|
52
|
|
|
$
|
100
|
|
|
$
|
18,377
|
|
|
$
|
262,244
|
|
|
$
|
-
|
|
|
$
|
284,128
|
|
Nonperforming
|
|
|
-
|
|
|
|
7
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
2,111
|
|
|
|
186
|
|
|
|
-
|
|
|
|
2,304
|
|
Total Home Equity Credit Lines:
|
|
$
|
1,369
|
|
|
$
|
1,253
|
|
|
$
|
740
|
|
|
$
|
52
|
|
|
$
|
100
|
|
|
$
|
20,488
|
|
|
$
|
262,430
|
|
|
$
|
-
|
|
|
$
|
286,432
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity Credit Lines Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period Gross writeoffs
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
19
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
19
|
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
19
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$
|
6,385
|
|
|
$
|
2,495
|
|
|
$
|
805
|
|
|
$
|
709
|
|
|
$
|
374
|
|
|
$
|
308
|
|
|
$
|
1,125
|
|
|
$
|
-
|
|
|
$
|
12,201
|
|
Nonperforming
|
|
|
20
|
|
|
|
17
|
|
|
|
-
|
|
|
|
65
|
|
|
|
-
|
|
|
|
1
|
|
|
|
3
|
|
|
|
-
|
|
|
|
106
|
|
Total Installments
|
|
$
|
6,405
|
|
|
$
|
2,512
|
|
|
$
|
805
|
|
|
$
|
774
|
|
|
$
|
374
|
|
|
$
|
309
|
|
|
$
|
1,128
|
|
|
$
|
-
|
|
|
$
|
12,307
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installments Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current-period Gross writeoffs
|
|
$
|
1
|
|
|
$
|
47
|
|
|
$
|
22
|
|
|
$
|
7
|
|
|
$
|
2
|
|
|
$
|
9
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
88
|
|
|
|
$
|
1
|
|
|
$
|
47
|
|
|
$
|
22
|
|
|
$
|
7
|
|
|
$
|
2
|
|
|
$
|
9
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
88
|
|
|
Aging of Recorded Investment in Past Due Loans by Loan Class and by Region |
The following tables present the aging
of the amortized cost in past due loans by loan class and by region as of September 30,2023 and December 31,2022:
|
|
As of September 30,
2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*:
|
|
30-59
|
|
|
60-89
|
|
|
90 +
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Days |
|
|
Days |
|
|
Days |
|
|
30+ days
|
|
|
|
|
|
Total |
|
(dollars in thousands)
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Current
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
$ |
-
|
|
|
$ |
522
|
|
|
$ |
522
|
|
|
$ |
207,872
|
|
|
$ |
208,394
|
|
Other
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
20,947
|
|
|
|
20,947
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
2,501
|
|
|
|
824
|
|
|
|
6,699
|
|
|
|
10,024
|
|
|
|
2,742,984
|
|
|
|
2,753,008
|
|
Home equity loans
|
|
|
129
|
|
|
|
2
|
|
|
|
158
|
|
|
|
289
|
|
|
|
44,584
|
|
|
|
44,873
|
|
Home equity lines of credit
|
|
|
726
|
|
|
|
171
|
|
|
|
781
|
|
|
|
1,678
|
|
|
|
205,128
|
|
|
|
206,806
|
|
Installment
|
|
|
12
|
|
|
|
56
|
|
|
|
59
|
|
|
|
127
|
|
|
|
12,090
|
|
|
|
12,217
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
3,368
|
|
|
$ |
1,053
|
|
|
$ |
8,219
|
|
|
$ |
12,640
|
|
|
$ |
3,233,605
|
|
|
$ |
3,246,245
|
|
Florida:
|
|
30-59
|
|
|
60-89
|
|
|
90 +
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Days |
|
|
Days |
|
|
Days |
|
|
30+ days
|
|
|
|
|
|
Total |
|
(dollars in thousands)
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Current
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
$ |
-
|
|
|
$ |
-
|
|
|
$
|
-
|
|
|
$ |
38,933
|
|
|
$ |
38,933
|
|
Other
|
|
|
-
|
|
|
|
-
|
|
|
|
314
|
|
|
|
314
|
|
|
|
54
|
|
|
|
368
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
876
|
|
|
|
-
|
|
|
|
1,400
|
|
|
|
2,276
|
|
|
|
1,529,545
|
|
|
|
1,531,821
|
|
Home equity loans
|
|
|
49
|
|
|
|
-
|
|
|
|
-
|
|
|
|
49
|
|
|
|
13,255
|
|
|
|
13,304
|
|
Home equity lines of credit
|
|
|
258
|
|
|
|
-
|
|
|
|
-
|
|
|
|
258
|
|
|
|
124,964
|
|
|
|
125,222
|
|
Installment
|
|
|
48
|
|
|
|
5
|
|
|
|
60
|
|
|
|
113
|
|
|
|
4,275
|
|
|
|
4,388
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
1,231
|
|
|
$ |
5
|
|
|
$ |
1,774
|
|
|
$ |
3,010
|
|
|
$ |
1,711,026
|
|
|
$
|
1,714,036
|
|
Total:
|
|
30-59
|
|
|
60-89
|
|
|
90 +
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Days |
|
|
Days |
|
|
Days |
|
|
30+ days
|
|
|
|
|
|
Total |
|
(dollars in thousands)
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Current
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$ |
522
|
|
|
$ |
522
|
|
|
$ |
246,805
|
|
|
$
|
247,327
|
|
Other
|
|
|
-
|
|
|
|
-
|
|
|
|
314
|
|
|
|
314
|
|
|
|
21,001
|
|
|
|
21,315
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
3,377
|
|
|
|
824
|
|
|
|
8,099
|
|
|
|
12,300
|
|
|
|
4,272,529
|
|
|
|
4,284,829
|
|
Home equity loans
|
|
|
178
|
|
|
|
2
|
|
|
|
158
|
|
|
|
338
|
|
|
|
57,839
|
|
|
|
58,177
|
|
Home equity lines of credit
|
|
|
984
|
|
|
|
171
|
|
|
|
781
|
|
|
|
1,936
|
|
|
|
330,092
|
|
|
|
332,028
|
|
Installment
|
|
|
60
|
|
|
|
61
|
|
|
|
119
|
|
|
|
240
|
|
|
|
16,365
|
|
|
|
16,605
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
4,599
|
|
|
$ |
1,058
|
|
|
$ |
9,993
|
|
|
$ |
15,650
|
|
|
$ |
4,944,631
|
|
|
$
|
4,960,281
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
|
|
As of December 31, 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*:
|
|
30-59
|
|
|
60-89
|
|
|
90 +
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Days |
|
|
Days |
|
|
Days |
|
|
30+ days
|
|
|
|
|
|
Total |
|
(dollars in thousands)
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Current
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
-
|
|
|
|
161
|
|
|
|
161
|
|
|
|
177,210
|
|
|
|
177,371
|
|
Other
|
|
|
18
|
|
|
|
-
|
|
|
|
20
|
|
|
|
38
|
|
|
|
20,183
|
|
|
|
20,221
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
4,262
|
|
|
|
921
|
|
|
|
7,203
|
|
|
|
12,386
|
|
|
|
2,764,603
|
|
|
|
2,776,989
|
|
Home equity loans
|
|
|
283
|
|
|
|
-
|
|
|
|
67
|
|
|
|
350
|
|
|
|
43,649
|
|
|
|
43,999
|
|
Home equity lines of credit
|
|
|
978
|
|
|
|
-
|
|
|
|
591
|
|
|
|
1,569
|
|
|
|
190,357
|
|
|
|
191,926
|
|
Installment
|
|
|
78
|
|
|
|
4
|
|
|
|
23
|
|
|
|
105
|
|
|
|
9,303
|
|
|
|
9,408
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
5,619
|
|
|
|
925
|
|
|
|
8,065
|
|
|
|
14,609
|
|
|
|
3,205,305
|
|
|
|
3,219,914
|
|
Florida: |
|
30-59
|
|
|
60-89
|
|
|
90 +
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Days |
|
|
Days |
|
|
Days |
|
|
30+ days
|
|
|
|
|
|
Total |
|
(dollars in thousands)
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Current
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
32,551
|
|
|
|
32,551
|
|
Other
|
|
|
-
|
|
|
|
-
|
|
|
|
314
|
|
|
|
314
|
|
|
|
554
|
|
|
|
868
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
1,183
|
|
|
|
243
|
|
|
|
1,404
|
|
|
|
2,830
|
|
|
|
1,367,083
|
|
|
|
1,369,913
|
|
Home equity loans
|
|
|
51
|
|
|
|
-
|
|
|
|
-
|
|
|
|
51
|
|
|
|
12,499
|
|
|
|
12,550
|
|
Home equity lines of credit
|
|
|
224
|
|
|
|
-
|
|
|
|
-
|
|
|
|
224
|
|
|
|
94,282
|
|
|
|
94,506
|
|
Installment
|
|
|
6
|
|
|
|
-
|
|
|
|
83
|
|
|
|
89
|
|
|
|
2,810
|
|
|
|
2,899
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
1,464
|
|
|
|
243
|
|
|
|
1,801
|
|
|
|
3,508
|
|
|
|
1,509,779
|
|
|
|
1,513,287
|
|
Total:
|
|
30-59
|
|
|
60-89
|
|
|
90 +
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Days |
|
|
Days |
|
|
Days |
|
|
30+ days
|
|
|
|
|
|
Total |
|
(dollars in thousands)
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Past Due
|
|
|
Current
|
|
|
Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
-
|
|
|
|
161
|
|
|
|
161
|
|
|
|
209,761
|
|
|
|
209,922
|
|
Other
|
|
|
18
|
|
|
|
-
|
|
|
|
334
|
|
|
|
352
|
|
|
|
20,737
|
|
|
|
21,089
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
5,445
|
|
|
|
1,164
|
|
|
|
8,607
|
|
|
|
15,216
|
|
|
|
4,131,686
|
|
|
|
4,146,902
|
|
Home equity loans
|
|
|
334
|
|
|
|
-
|
|
|
|
67
|
|
|
|
401
|
|
|
|
56,148
|
|
|
|
56,549
|
|
Home equity lines of credit
|
|
|
1,202
|
|
|
|
-
|
|
|
|
591
|
|
|
|
1,793
|
|
|
|
284,639
|
|
|
|
286,432
|
|
Installment
|
|
|
84
|
|
|
|
4
|
|
|
|
106
|
|
|
|
194
|
|
|
|
12,113
|
|
|
|
12,307
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
7,083
|
|
|
|
1,168
|
|
|
|
9,866
|
|
|
|
18,117
|
|
|
|
4,715,084
|
|
|
|
4,733,201
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
|
Recorded Investment in Non-Accrual Loans by Loan Class |
The following table presents the amortized cost basis in non-accrual loans by portfolio segment:
|
|
As of September 30,
2023
|
|
(dollars in thousands) |
|
New York and
|
|
|
|
|
|
|
|
|
|
other states*
|
|
|
Florida
|
|
|
Total
|
|
Loans in non-accrual status:
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
540
|
|
|
$
|
-
|
|
|
$
|
540
|
|
Other
|
|
|
-
|
|
|
|
314
|
|
|
|
314
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
12,128
|
|
|
|
1,988
|
|
|
|
14,116
|
|
Home equity loans
|
|
|
238
|
|
|
|
45
|
|
|
|
283
|
|
Home equity lines of credit
|
|
|
2,267
|
|
|
|
195
|
|
|
|
2,462
|
|
Installment
|
|
|
93
|
|
|
|
65
|
|
|
|
158
|
|
Total non-accrual loans
|
|
|
15,266
|
|
|
|
2,607
|
|
|
|
17,873
|
|
Restructured real estate mortgages - 1 to 4 family
|
|
|
5
|
|
|
|
-
|
|
|
|
5
|
|
Total nonperforming loans
|
|
$
|
15,271
|
|
|
$
|
2,607
|
|
|
$
|
17,878
|
|
* Includes New York, New Jersey,
Vermont and Massachusetts.
|
|
As of December 31, 2022
|
|
(dollars in thousands)
|
|
New York and
|
|
|
|
|
|
|
|
|
|
other states*
|
|
|
Florida
|
|
|
Total
|
|
Loans in non-accrual status:
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
199
|
|
|
$
|
-
|
|
|
$
|
199
|
|
Other
|
|
|
20
|
|
|
|
314
|
|
|
|
334
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
12,609
|
|
|
|
1,736
|
|
|
|
14,345
|
|
Home equity loans
|
|
|
153
|
|
|
|
42
|
|
|
|
195
|
|
Home equity lines of credit
|
|
|
2,187
|
|
|
|
117
|
|
|
|
2,304
|
|
Installment
|
|
|
23
|
|
|
|
83
|
|
|
|
106
|
|
Total non-accrual loans
|
|
|
15,191
|
|
|
|
2,292
|
|
|
|
17,483
|
|
Restructured real estate mortgages - 1 to 4 family
|
|
|
10
|
|
|
|
-
|
|
|
|
10
|
|
Total nonperforming loans
|
|
$
|
15,201
|
|
|
$
|
2,292
|
|
|
$
|
17,493
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
|
Loans on Non-Accrual Status and Past Due More than 90 Days |
The following tables present the amortized cost basis of loans on non-accrual status and loans past due over 89 days still accruing as of September 30, 2023
and December 31,2022:
|
|
As of September 30, 2023
|
|
(dollars in thousands) |
|
|
|
|
Non-accrual With |
|
|
Loans Past Due |
|
|
|
No Allowance for
|
|
|
Allowance for
|
|
|
Over 89 Days
|
|
|
|
Credit Loss
|
|
|
Credit Loss
|
|
|
Still Accruing
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
540
|
|
|
$
|
-
|
|
|
|
-
|
|
Other
|
|
|
314
|
|
|
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
13,470
|
|
|
|
646
|
|
|
|
-
|
|
Home equity loans
|
|
|
277
|
|
|
|
6
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
2,345
|
|
|
|
117
|
|
|
|
-
|
|
Installment
|
|
|
106
|
|
|
|
52
|
|
|
|
-
|
|
Total loans, net
|
|
$
|
17,052
|
|
|
$
|
821
|
|
|
|
-
|
|
|
|
As of December 31, 2022
|
|
(dollars in thousands)
|
|
Non-accrual With
|
|
|
Non-accrual With
|
|
|
Loans Past Due
|
|
|
|
No Allowance for
|
|
|
Allowance for
|
|
|
Over 89 Days
|
|
|
|
Credit Loss
|
|
|
Credit Loss
|
|
|
Still Accruing
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
160
|
|
|
$
|
39
|
|
|
|
-
|
|
Other
|
|
|
20
|
|
|
|
314
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
13,502
|
|
|
|
843
|
|
|
|
-
|
|
Home equity loans
|
|
|
129
|
|
|
|
66
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
2,257
|
|
|
|
47
|
|
|
|
-
|
|
Installment
|
|
|
82
|
|
|
|
24
|
|
|
|
-
|
|
Total loans, net
|
|
$
|
16,150
|
|
|
$
|
1,333
|
|
|
|
-
|
|
|
Amortized Cost of Collateral-dependent Loans by Class |
The following tables present the amortized cost basis of individually analyzed collateral dependent loans by portfolio segment as of
September 30, 2023 and December 31, 2022:
|
|
As of
September 30, 2023 |
|
|
|
Type of Collateral
|
|
(dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
Real Estate
|
|
|
Investment
Securities/Cash
|
|
|
Other
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
648
|
|
|
|
-
|
|
|
|
-
|
|
Other
|
|
|
314
|
|
|
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
20,854
|
|
|
|
-
|
|
|
|
-
|
|
Home equity loans
|
|
|
378
|
|
|
|
-
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
3,289
|
|
|
|
-
|
|
|
|
-
|
|
Installment
|
|
|
106
|
|
|
|
-
|
|
|
|
-
|
|
Total
|
|
$
|
25,589
|
|
|
|
-
|
|
|
|
-
|
|
|
|
As of December 31, 2022
|
|
|
|
Type of Collateral
|
|
(dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate
|
|
|
Investment Securities/Cash
|
|
|
Other
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
312
|
|
|
|
-
|
|
|
|
-
|
|
Other
|
|
|
334
|
|
|
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
21,467
|
|
|
|
-
|
|
|
|
-
|
|
Home equity loans
|
|
|
236
|
|
|
|
-
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
3,264
|
|
|
|
-
|
|
|
|
-
|
|
Installment
|
|
|
82
|
|
|
|
-
|
|
|
|
-
|
|
Total
|
|
$
|
25,695
|
|
|
|
-
|
|
|
|
-
|
|
|
Amortized Cost Basis of Loans Modified to Borrowers Experiencing Financial Difficulty and Financial Effects of Loan Modifications |
The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as
compared to the amortized cost basis of each class of financing receivable is also presented below:
For the three months ended September 30, 2023
|
|
New York and other states*:
|
|
|
|
|
|
|
|
|
Payment
|
|
|
% of Total Class
|
|
(dollars in thousands)
|
|
Delay
|
|
|
of Loans
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
- |
|
Other
|
|
|
-
|
|
|
|
- |
|
Real estate mortgage - 1 to 4 family:
|
|
|
-
|
|
|
|
- |
|
First mortgages
|
|
|
255
|
|
|
|
0.01
|
%
|
Home equity loans
|
|
|
- |
|
|
|
- |
|
Home equity lines of credit
|
|
|
-
|
|
|
|
- |
|
Installment
|
|
|
-
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
255
|
|
|
|
0.01 |
% |
Florida:
|
|
|
|
|
|
|
|
|
Payment
|
|
|
% of Total Class
|
|
(dollars in thousands)
|
|
Delay
|
|
|
of Loans
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
- |
|
Other
|
|
|
-
|
|
|
|
- |
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
-
|
|
First mortgages
|
|
|
-
|
|
|
|
-
|
|
Home equity loans
|
|
|
-
|
|
|
|
- |
|
Home equity lines of credit
|
|
|
-
|
|
|
|
- |
|
Installment
|
|
|
-
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
-
|
|
|
|
- |
|
Total
|
|
|
|
|
|
|
|
|
Payment
|
|
|
% of Total Class
|
|
(dollars in thousands)
|
|
Delay
|
|
|
of Loans
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
- |
|
Other
|
|
|
-
|
|
|
|
- |
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
255
|
|
|
|
0.01
|
%
|
Home equity loans
|
|
|
-
|
|
|
|
- |
|
Home equity lines of credit
|
|
|
-
|
|
|
|
-
|
|
Installment
|
|
|
-
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
255
|
|
|
|
0.01 |
% |
*
Includes New York, New Jersey, Vermont and Massachusetts.
For the nine months ended September 30, 2023
|
|
New York and other states*:
|
|
|
|
|
|
Payment
|
|
% of Total Class
|
|
(dollars in thousands)
|
Delay
|
|
of Loans
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
- |
|
Other
|
|
|
-
|
|
|
|
- |
|
Real estate mortgage - 1 to 4 family:
|
|
|
-
|
|
|
|
- |
|
First mortgages
|
|
|
490
|
|
|
|
0.02
|
%
|
Home equity loans
|
|
|
- |
|
|
|
- |
|
Home equity lines of credit
|
|
|
50
|
|
|
|
0.02 |
% |
Installment
|
|
|
-
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
540
|
|
|
|
0.02 |
% |
Florida:
|
|
|
|
|
|
|
|
|
Payment
|
|
|
% of Total Class
|
|
(dollars in thousands)
|
|
Delay
|
|
|
of Loans
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
- |
|
Other
|
|
|
-
|
|
|
|
- |
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
340
|
|
|
|
0.02
|
%
|
Home equity loans
|
|
|
-
|
|
|
|
- |
|
Home equity lines of credit
|
|
|
-
|
|
|
|
- |
|
Installment
|
|
|
-
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
340
|
|
|
|
0.02 |
% |
Total
|
|
|
|
|
|
|
|
|
Payment
|
|
|
% of Total Class
|
|
(dollars in thousands)
|
|
Delay
|
|
|
of Loans
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
|
- |
|
Other
|
|
|
-
|
|
|
|
- |
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
830
|
|
|
|
0.02
|
%
|
Home equity loans
|
|
|
-
|
|
|
|
- |
|
Home equity lines of credit
|
|
|
50
|
|
|
|
0.02
|
%
|
Installment
|
|
|
-
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
880
|
|
|
|
0.02 |
% |
* Includes New York, New Jersey, Vermont and Massachusetts.
|
Performance of Loans Modified to Borrowers Experiencing Financial Difficulty |
The following table describes the performance of loans that have
been modified as of September 30, 2023:
|
|
As of September 30, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*: |
|
|
|
|
|
30-59
|
|
|
|
60-89
|
|
|
|
90+ |
|
|
|
|
|
|
|
|
|
|
Days
|
|
|
|
Days
|
|
|
|
Days
|
|
|
|
|
(dollars in thousands) |
|
Current |
|
|
|
Past Due
|
|
|
|
Past Due
|
|
|
|
Past Due
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
Other
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
351
|
|
|
|
139
|
|
|
|
-
|
|
|
|
-
|
|
|
|
490
|
|
Home equity loans
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
- |
|
|
|
-
|
|
Home equity lines of credit
|
|
|
50
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
50
|
|
Installment
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
401
|
|
|
$
|
139
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
540
|
|
Florida: |
|
|
|
|
|
30-59
|
|
|
|
60-89
|
|
|
|
90+ |
|
|
|
|
|
|
|
|
|
|
Days
|
|
|
|
Days
|
|
|
|
Days
|
|
|
|
|
(dollars in thousands) |
|
Current |
|
|
|
Past Due
|
|
|
|
Past Due
|
|
|
|
Past Due
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
Other
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
340
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
340
|
|
Home equity loans
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
- |
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Installment
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
340
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
340
|
|
Total |
|
|
|
|
|
30-59
|
|
|
|
60-89
|
|
|
|
90+ |
|
|
|
|
|
|
|
|
|
|
Days
|
|
|
|
Days
|
|
|
|
Days
|
|
|
|
|
(dollars in thousands) |
|
Current |
|
|
|
Past Due
|
|
|
|
Past Due
|
|
|
|
Past Due
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
Other
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
691
|
|
|
|
139
|
|
|
|
-
|
|
|
|
-
|
|
|
|
830
|
|
Home equity loans
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
- |
|
|
|
-
|
|
Home equity lines of credit
|
|
|
50
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
50
|
|
Installment
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
741
|
|
|
$
|
139
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
880
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
|
Financial Effect of Modifications Made to Borrowers Experiencing Financial Difficulty |
The following tables describes the financial effect of the modifications made to
borrowers experiencing financial difficulty:
For the three months ended September 30, 2023
|
|
|
|
Weighted
|
|
New York and other states*:
|
|
Average
|
|
|
|
Payment
|
|
(dollars in thousands)
|
|
Delay (Months)
|
|
|
|
|
|
Commercial:
|
|
|
|
Commercial real estate
|
|
|
-
|
|
Other
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
First mortgages
|
|
|
18
|
|
Home equity loans
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
Installment
|
|
|
-
|
|
|
|
|
|
|
Total
|
|
|
18
|
|
|
|
Weighted
|
|
Florida:
|
|
Average
|
|
|
|
Payment
|
|
(dollars in thousands)
|
|
Delay (Months)
|
|
|
|
|
|
Commercial:
|
|
|
|
Commercial real estate
|
|
|
-
|
|
Other
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
First mortgages
|
|
|
-
|
|
Home equity loans
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
Installment
|
|
|
-
|
|
|
|
|
|
|
Total
|
|
|
-
|
|
|
|
Weighted
|
|
|
|
Average
|
|
|
|
Payment
|
|
(dollars in thousands)
|
|
Delay (Months)
|
|
|
|
|
|
Commercial:
|
|
|
|
Commercial real estate
|
|
|
-
|
|
Other
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
First mortgages
|
|
|
18
|
|
Home equity loans
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
Installment
|
|
|
-
|
|
|
|
|
|
|
Total
|
|
|
18
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
For the nine months ended September 30, 2023
|
|
|
|
Weighted
|
|
New York and other states*:
|
|
Average
|
|
|
|
Payment
|
|
(dollars in thousands)
|
|
Delay (Months)
|
|
|
|
|
|
Commercial:
|
|
|
|
Commercial real estate
|
|
|
-
|
|
Other
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
First mortgages
|
|
|
20
|
|
Home equity loans
|
|
|
-
|
|
Home equity lines of credit
|
|
|
18
|
|
Installment
|
|
|
-
|
|
|
|
|
|
|
Total
|
|
|
38
|
|
|
|
Weighted
|
|
Florida:
|
|
Average
|
|
|
|
Payment
|
|
(dollars in thousands)
|
|
Delay (Months)
|
|
|
|
|
|
Commercial:
|
|
|
|
Commercial real estate
|
|
|
-
|
|
Other
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
First mortgages
|
|
|
24
|
|
Home equity loans
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
Installment
|
|
|
-
|
|
|
|
|
|
|
Total
|
|
|
24
|
|
|
|
Weighted
|
|
|
|
Average
|
|
|
|
Payment
|
|
(dollars in thousands)
|
|
Delay (Months)
|
|
|
|
|
|
Commercial:
|
|
|
|
Commercial real estate
|
|
|
-
|
|
Other
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
First mortgages
|
|
|
44
|
|
Home equity loans
|
|
|
-
|
|
Home equity lines of credit
|
|
|
18
|
|
Installment
|
|
|
-
|
|
|
|
|
|
|
Total
|
|
|
62
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
|
Modified Loans by Class that were Determined to be TDR's |
Prior to the adoption of ASU
2022-02, the company accounted for loan modifications as Troubled Debt Restructurings (TDRs) and the following table presents, by class, loans that were modified as TDR’s for the three and nine months ended September 30, 2022:
|
|
Three months ended September 30, 2022
|
|
|
|
|
|
|
|
|
|
|
|
New York and other states*: |
|
|
|
|
Pre-Modification
|
|
|
Post-Modification
|
|
|
|
|
|
|
Outstanding |
|
|
Outstanding |
|
|
|
Number of
|
|
|
Recorded |
|
|
Recorded |
|
(dollars in thousands)
|
|
Contracts
|
|
|
Investment
|
|
|
Investment
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
3
|
|
|
|
282
|
|
|
|
282
|
|
Home equity loans
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
3
|
|
|
$
|
282
|
|
|
|
282
|
|
Florida:
|
|
|
|
|
Pre-Modification
|
|
|
Post-Modification
|
|
|
|
|
|
|
Outstanding |
|
|
Outstanding |
|
|
|
Number of
|
|
|
Recorded |
|
|
Recorded |
|
(dollars in thousands)
|
|
Contracts
|
|
|
Investment
|
|
|
Investment
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Home equity loans
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
* Includes New York, New Jersey, Vermont
and Massachusetts.
|
|
Nine months ended September 30, 2022
|
|
New York and other states*:
|
|
|
|
|
Pre-Modification
|
|
|
Post-Modification
|
|
|
|
|
|
|
Outstanding |
|
|
Outstanding |
|
|
|
Number of
|
|
|
Recorded |
|
|
Recorded |
|
(dollars in thousands)
|
|
Contracts
|
|
|
Investment
|
|
|
Investment
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
7
|
|
|
|
719
|
|
|
|
719
|
|
Home equity loans
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
7
|
|
|
$
|
719
|
|
|
|
719
|
|
Florida:
|
|
|
|
|
Pre-Modification
|
|
|
Post-Modification
|
|
|
|
|
|
|
Outstanding |
|
|
Outstanding |
|
|
|
Number of
|
|
|
Recorded |
|
|
Recorded |
|
(dollars in thousands)
|
|
Contracts
|
|
|
Investment
|
|
|
Investment
|
|
|
|
|
|
|
|
|
|
|
|
Commercial:
|
|
|
|
|
|
|
|
|
|
Commercial real estate
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
Real estate mortgage - 1 to 4 family:
|
|
|
|
|
|
|
|
|
|
|
|
|
First mortgages
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Home equity loans
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Home equity lines of credit
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
* Includes New York, New Jersey, Vermont and Massachusetts.
|