Note 10 - Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

Fair Value Option, 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 June 30,		at December 31,		Three Months Ended						Six Months Ended
(In thousands)	2018		2017		June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Mortgage-backed securities	$	1,426	$	1,590	$	-		$	(3	)	$	(11	)	$	(10	)
Other securities		12,615		12,685		(62	)		112			(200	)		144
Borrowed funds		39,566		36,986		(867	)		(595	)		(2,548	)		(1,165	)
Net loss from fair value adjustments (1)(2)					$	(929	)	$	(486	)	$	(2,759	)	$	(1,031	)

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

	Quoted Prices
	in Active Markets				Significant Other				Significant Other
	for Identical Assets				Observable Inputs				Unobservable Inputs				Total carried at fair value
	(Level 1)				(Level 2)				(Level 3)				on a recurring basis
	2018		2017		2018		2017		2018		2017		2018		2017
	(In thousands)
Assets:
Mortgage-backed Securities	$	-	$	-	$	513,868	$	509,650	$	-	$	-	$	513,868	$	509,650
Other securities		11,427		11,575		202,140		216,019		1,188		1,110		214,755		228,704
Interest rate swaps		-		-		27,398		7,388		-		-		27,398		7,388
Total assets	$	11,427	$	11,575	$	743,406	$	733,057	$	1,188	$	1,110	$	756,021	$	745,742
Liabilities:
Borrowings	$	-	$	-	$	-	$	-	$	39,566	$	36,986	$	39,566	$	36,986
Interest rate swaps		-		-		1,128		3,758		-		-		1,128		3,758
Total liabilities	$	-	$	-	$	1,128	$	3,758	$	39,566	$	36,986	$	40,694	$	40,744

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

	For the three months ended
	June 30, 2018					June 30, 2017
	Trust preferred securities		Junior subordinated debentures			Trust preferred securities		Junior subordinated debentures
	(In thousands)
Beginning balance	$	1,162	$	38,692		$	7,394	$	34,536
Net gain from fair value adjustment of financial assets (1)		25		-			48		-
Net loss from fair value adjustment of financial liabilities (1)		-		867			-		594
Increase in accrued interest receivable		1		-			-		-
Increase in accrued interest payable		-		26			-		7
Change in unrealized gains (losses) included in other comprehensive income		-		(19	)		2		-
Ending balance	$	1,188	$	39,566		$	7,444	$	35,137
Changes in unrealized gains (losses) held at period end	$	-	$	(19	)	$	2	$	-

	For the six months ended
	June 30, 2018					June 30, 2017
	Trust preferred securities		Junior subordinated debentures			Trust preferred securities		Junior subordinated debentures
	(In thousands)
Beginning balance	$	1,110	$	36,986		$	7,361	$	33,959
Net gain from fair value adjustment of financial assets (1)		77		-			81		-
Net loss from fair value adjustment of financial liabilities (1)				2,548			-		1,165
Increase in accrued interest receivable		1		-			-		-
Increase in accrued interest payable		-		51			-		13
Change in unrealized gains (losses) included in other comprehensive income		-		(19	)		2		-
Ending balance	$	1,188	$	39,566		$	7,444	$	35,137
Changes in unrealized gains (losses)held at period end	$	-	$	(19	)	$	2	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

	Quoted Prices
	in Active Markets				Significant Other				Significant Other
	for Identical Assets				Observable Inputs				Unobservable Inputs				Total carried at fair value
	(Level 1)				(Level 2)				(Level 3)				on a recurring basis
	2018		2017		2018		2017		2018		2017		2018		2017
	(In thousands)
Assets:
Impaired loans	$	-	$	-	$	-	$	-	$	14,102	$	16,027	$	14,102	$	16,027
Other repossesed assets		-		-		-		-		35		-		35		-
Total assets	$	-	$	-	$	-	$	-	$	14,137	$	16,027	$	14,137	$	16,027

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

	June 30, 2018
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
	(In thousands)
Assets:
Cash and due from banks	$	42,805	$	42,805	$	42,805	$	-	$	-
Securities held-to-maturity
Mortgage-backed securities		7,963		7,373		-		7,373		-
Other securities		23,130		21,281		-		-		21,281
Securities available for sale
Mortgage-backed securities		513,868		513,868		-		513,868		-
Other securities		214,755		214,755		11,427		202,140		1,188
Loans		5,333,807		5,291,398		-		-		5,291,398
FHLB-NY stock		57,384		57,384		-		57,384		-
Accrued interest receivable		24,184		24,184		38		1,980		22,166
Interest rate swaps		27,398		27,398		-		27,398		-
Liabilities:
Deposits	$	4,609,659	$	4,601,283	$	3,157,643	$	1,443,640	$	-
Borrowings		1,250,732		1,241,294		-		1,201,728		39,566
Accrued interest payable		4,573		4,573		-		4,573		-
Interest rate swaps		1,128		1,128		-		1,128		-

	December 31, 2017
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
	(In thousands)
Assets:
Cash and due from banks	$	51,546	$	51,546	$	51,546	$	-	$	-
Securities held-to-maturity
Mortgage-backed securities		7,973		7,810		-		7,810		-
Other securities		22,913		21,889		-		-		21,889
Securities available for sale
Mortgage-backed securities		509,650		509,650		-		509,650		-
Other securities		228,704		228,704		11,575		216,019		1,110
Loans		5,176,999		5,169,108		-		-		5,169,108
FHLB-NY stock		60,089		60,089		-		60,089		-
Accrued interest receivable		21,405		21,405		16		1,916		19,473
Interest rate swaps		7,388		7,388		-		7,388		-
Liabilities:
Deposits	$	4,383,278	$	4,380,174	$	3,031,345	$	1,348,829	$	-
Borrowings		1,309,653		1,310,487		-		1,273,501		36,986
Accrued interest payable		2,659		2,659		-		2,659		-
Interest rate swaps		3,758		3,758		-		3,758		-

Fair Value, Measurements, Nonrecurring [Member]

Notes Tables

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	June 30, 2018
	Fair Value		Valuation Technique	Unobservable Input	Range			Weighted Average
	(Dollars in thousands)
Assets:
Impaired loans	$	1,531	Income approach	Capitalization rate	6.5%	to	7.5%		7.0	%
				Reduction for planned expedited disposal		15.0%			15.0	%
Impaired loans	$	8,655	Sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	-50.0%	to	16.2%		-1.5	%
				Reduction for planned expedited disposal	-40.6%	to	15.0%		10.4	%
Impaired loans	$	3,916	Blended income and sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	-30.0%	to	25.0%		-0.8	%
				Capitalization rate	5.0%	to	9.8%		7.1	%
				Reduction for planned expedited disposal		15.0%			15.0	%
Other repossesed assets	$	35	Sales approach	Reduction for planned expediated disposal		15.0%			15.0	%

	December 31, 2017
	Fair Value		Valuation Technique	Unobservable Input	Range			Weighted Average
	(Dollars in thousands)
Assets:
Impaired loans	$	1,818	Income approach	Capitalization rate	6.5%	to	7.5%		6.8	%
				Reduction planned for expedited disposal		15.0%			15.0	%
Impaired loans	$	10,003	Sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	-50.0%	to	16.2%		-0.8	%
				Reduction planned for expedited disposal	-30.9%	to	15.0%		8.7	%
Impaired loans	$	4,206	Blended income and sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	-30.0%	to	25.0%		-1.2	%
				Capitalization rate	5.0%	to	9.8%		7.2	%
				Reduction planned for expedited disposal		15.0%			15.0	%

Fair Value, Measurements, Recurring [Member]

Notes Tables

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	June 30, 2018
	Fair Value		Valuation Technique	Unobservable Input	Range		Weighted Average
	(Dollars in thousands)
Assets:
Trust preferred securities	$	1,188	Discounted cash flows	Discount rate		n/a		5.5	%
Liabilities:
Junior subordinated debentures	$	39,566	Discounted cash flows	Discount rate		n/a		5.5	%

	December 31, 2017
	Fair Value		Valuation Technique	Unobservable Input	Range	Weighted Average
	(Dollars in thousands)
Assets:
Trust preferred securities	$	1,110	Discounted cash flows	Discount rate	n/a		5.7	%
Liabilities:
Junior subordinated debentures	$	36,986	Discounted cash flows	Discount rate	n/a		5.7	%