Note 10 - Fair Value of Financial Instruments (Tables)

3 Months Ended

15 Months Ended

Mar. 31, 2013

Mar. 31, 2013

Fair Value, Option, Quantitative Disclosures [Table Text Block]

	Fair Value		Fair Value		Changes in Fair Values For Items Measured at Fair Value
	Measurements		Measurements		Pursuant to Election of the Fair Value Option
	at March 31,		at December 31,		Three Months Ended
(Dollars in thousands)	2013		2012		March 31, 2013			March 31, 2012
Mortgage-backed securities	$	17,965	$	24,911	$	(362	)	$	(18	)
Other securities		29,933		29,577		273			241
Borrowed funds		24,742		23,922		(819	)		171
Net gain from fair value adjustments (1)					$	(908	)	$	394

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total carried at fair value on a recurring basis
	2013		2012		2013		2012		2013		2012		2013		2012
Assets:
Mortgage-backed Securities	$	-	$	-	$	740,940	$	696,638	$	23,761	$	23,475	$	764,701	$	720,113
Other securities		-		-		218,788		213,374		16,805		16,079		235,593		229,453
Interest rate caps		-		-		16		19		-		-		16		19
Interest rate swaps		-		-		51		3		-		-		51		3
Total assets	$	-	$	-	$	959,795	$	910,034	$	40,566	$	39,554	$	1,000,361	$	949,588
Liabilities:
Liabilities:
Borrowings	$	-	$	-	$	-	$	-	$	24,742	$	23,922	$	24,742	$	23,922
Interest rate swaps		-		-		1,138		1,922		-		-		1,138		1,922
Total liabilities	$	-	$	-	$	1,138	$	1,922	$	24,742	$	23,922	$	25,880	$	25,844

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	For the three months ended March 31, 2013
	REMIC and CMO		Municipals			Trust preferred securities		Junior subordinated debentures
	(In thousands)
Beginning balance	$	23,475	$	9,429		$	6,650	$	23,922
Transfer into Level 3		-		-			-		-
Net gain from fair value adjustment of financial assets		-		-			247		-
Net loss from fair value adjustment of financial liabilities		-		-			-		819
Increase in accrued interest payable		-		-			-		1
Change in unrealized gains (losses) included in other comprehensive income		286		(51	)		530		-
Ending balance	$	23,761	$	9,378		$	7,427	$	24,742
Changes in unrealized held at period end	$	286	$	(51	)	$	530	$	-

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

March 31, 2013	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)
	(Dollars in thousands)
Assets:
Loans held for sale	$	9,907	Fair value of collateral	Loss severity discount	3.8%	-	45.9%	(26.7%)
Impaired loans	$	39,689	Fair value of collateral	Loss severity discount	0.2%	-	90.7%	(26.8%)
Other real estate owned	$	2,189	Fair value of collateral	Loss severity discount	0.0%	-	80.7%	(25.3%)

March 31, 2013	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)
	(Dollars in thousands)
Assets:
				Spread to index	2.4%	-	4.1%	(3.3%)
REMIC and CMO	$	23,761	Discounted cash flows	Average Life (years)	4.4	-	7.6	(5.6)
Municipals	$	9,378	Discounted cash flows	Discount rate	0.4%	-	4.0%	(3.6%)
				Discount rate	8.0%	-	16.9%	(11.9%)
				Prepayment assumptions	0%	-	73.0%	(45.6%)
Trust Preferred Securities	$	7,427	Discounted cash flows	Defaults	0%	-	10.3%	(7.6%)
Liabilities:
Junior subordinated debentures	$	24,742	Discounted cash flows	Discount rate	8.0%	-	8.0%	(8.0%)

Fair Value Measurements, Nonrecurring [Table Text Block]

	Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total carried at fair value on a recurring basis
	2013		2012		2013		2012		2013		2012		2013		2012
Assets:
Loans held for sale	$	-	$	-	$	-	$	-	$	9,907	$	5,313	$	9,907	$	5,313
Impaired loans		-		-		-		-		39,689		49,703		39,689		49,703
Other real estate owned		-		-		-		-		2,189		5,278		2,189		5,278
Total assets	$	-	$	-	$	-	$	-	$	51,785	$	60,294	$	51,785	$	60,294

Fair Value, by Balance Sheet Grouping [Table Text Block]

	March 31, 2013
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
	(in thousands)
Assets:
Cash and due from banks	$	46,046	$	46,046	$	46,046	$	-	$	-
Mortgage-backed Securities		764,701		764,701		-		740,940		23,761
Other securities		235,593		235,593		-		218,788		16,805
Loans held for sale		9,907		9,907		-		-		9,907
Loans		3,201,197		3,365,486		-		-		3,365,486
FHLB-NY stock		38,686		38,686		-		38,686		-
Interest rate caps		16		16		-		16		-
Interest rate swaps		51		51		-		51		-
OREO		2,189		2,189		-		-		2,189
Total assets	$	4,298,386	$	4,462,675	$	46,046	$	998,481	$	3,418,148
Liabilities:
Deposits	$	3,106,652		3,141,268	$	1,905,746	$	1,235,522	$	-
Borrowings		868,364		905,984		-		882,062		23,922
Interest rate swaps		1,138		1,138		-		1,138		-
Total liabilities	$	3,976,154	$	4,048,390	$	1,905,746	$	2,118,722	$	23,922

	December 31, 2012
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
	(in thousands)
Assets:
Cash and due from banks	$	40,425	$	40,425	$	40,425	$	-	$	-
Mortgage-backed Securities		720,113		720,113		-		696,638		23,475
Other securities		229,453		229,453		-		213,374		16,079
Loans held for sale		5,313		5,313		-		-		5,313
Loans		3,234,121		3,416,313		-		-		3,416,313
FHLB-NY stock		42,337		42,337		-		42,337		-
Interest rate caps		19		19		-		19		-
Interest rate swaps		3		3		-		3		-
OREO		5,278		5,278		-		-		5,278
Total assets	$	4,277,062	$	4,459,254	$	40,425	$	952,371	$	3,466,458
Liabilities:
Deposits	$	3,015,193		3,057,152	$	1,761,964	$	1,295,188	$	-
Borrowings		948,405		992,069		-		968,147		23,922
Interest rate swaps		1,922		1,922		-		1,922		-
Total liabilities	$	3,965,520	$	4,051,143	$	1,761,964	$	2,265,257	$	23,922