XML 38 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 5 - Loans (Tables)
 9 Months Ended
Sep. 30, 2018
Notes Tables  
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]
    For the three months ended
    September 30, 2018   September 30, 2017
(Dollars in thousands)   Number   Balance   Modification description   Number   Balance   Modification description
         
                         
Taxi medallion    
-
     $
-
    
 
    
4
     $
1,306
    
 Loan amortization extension
Commercial business and other    
1
      
1,620
    
 Loan amortization extension
    
-
      
-
    
 
Total    
1
     $
1,620
    
 
    
4
     $
1,306
    
 
    For the nine months ended
    September 30, 2018   September 30, 2017
(Dollars in thousands)   Number   Balance   Modification description   Number   Balance   Modification description
         
                         
Taxi medallion    
-
     $
-
    
 
    
9
     $
5,595
    
All Loan amortization extension, with three loans also receiving a below market rate
Commercial business and other    
1
      
1,620
    
 Loan amortization extension
    
-
      
-
    
 
Total    
1
     $
1,620
    
 
    
9
     $
5,595
    
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
(In thousands)   September 30, 
2018		   December 31, 
2017
         
Loans ninety days or more past due and still accruing:        
Commercial real estate   $
111
     $
2,424
  
Total    
111
      
2,424
  
                 
Non-accrual mortgage loans:                
Multi-family residential    
862
      
3,598
  
Commercial real estate    
1,398
      
1,473
  
One-to-four family - mixed-use property    
795
      
1,867
  
One-to-four family - residential    
6,610
      
7,808
  
Total    
9,665
      
14,746
  
                 
Non-accrual non-mortgage loans:                
Small Business Administration    
1,395
      
46
  
Taxi medallion    
712
      
918
  
Commercial business and other    
761
      
-
  
Total    
2,868
      
964
  
                 
Total non-accrual loans    
12,533
      
15,710
  
                 
Total non-performing loans   $
12,644
     $
18,134
  
Schedule of Interest Foregone on Non-Accrual and TDR Loans [Table Text Block]
    For the three months ended 
September 30,		   For the nine months ended 
 September 30,
    2018   2017   2018   2017
    (In thousands)
Interest income that would have been recognized had the loans performed in accordance with their original terms   $
398
     $
401
     $
1,194
     $
1,249
  
Less: Interest income included in the results of operations    
173
      
166
      
487
      
434
  
Total foregone interest   $
225
     $
235
     $
707
     $
815
  
Past Due Financing Receivables [Table Text Block]
                         
    September 30, 2018
(In thousands)
   30 - 59 Days
Past Due		   60 - 89 Days
Past Due		   Greater
than
90 Days		   Total Past
Due		   Current   Total Loans
     
                         
Multi-family residential   $
3,233
     $
486
     $
863
     $
4,582
     $
2,230,788
     $
2,235,370
  
Commercial real estate    
562
      
2,025
      
1,509
      
4,096
      
1,456,459
      
1,460,555
  
One-to-four family - mixed-use property    
1,657
      
362
      
796
      
2,815
      
562,487
      
565,302
  
One-to-four family - residential    
1,382
      
266
      
6,610
      
8,258
      
180,717
      
188,975
  
Co-operative apartments    
-
      
-
      
-
      
-
      
7,771
      
7,771
  
Construction loans    
-
      
-
      
-
      
-
      
40,239
      
40,239
  
Small Business Administration    
145
      
-
      
1,395
      
1,540
      
12,782
      
14,322
  
Taxi medallion    
-
      
-
      
-
      
-
      
6,078
      
6,078
  
Commercial business and other    
5
      
-
      
760
      
765
      
845,459
      
846,224
  
Total   $
6,984
     $
3,139
     $
11,933
     $
22,056
     $
5,342,780
     $
5,364,836
  
    December 31, 2017
(In thousands)
   30 - 59 Days
Past Due		   60 - 89 Days
Past Due		   Greater
than
90 Days		   Total Past
Due		   Current   Total Loans
     
                         
Multi-family residential   $
2,533
     $
279
     $
3,598
     $
6,410
     $
2,267,185
     $
2,273,595
  
Commercial real estate    
1,680
      
2,197
      
3,897
      
7,774
      
1,360,338
      
1,368,112
  
One-to-four family - mixed-use property    
1,570
      
860
      
1,867
      
4,297
      
559,909
      
564,206
  
One-to-four family - residential    
1,921
      
680
      
7,623
      
10,224
      
170,439
      
180,663
  
Co-operative apartments    
-
      
-
      
-
      
-
      
6,895
      
6,895
  
Construction loans    
-
      
-
      
-
      
-
      
8,479
      
8,479
  
Small Business Administration    
-
      
-
      
-
      
-
      
18,479
      
18,479
  
Taxi medallion    
-
      
108
      
-
      
108
      
6,726
      
6,834
  
Commercial business and other    
2
      
-
      
-
      
2
      
732,971
      
732,973
  
Total   $
7,706
     $
4,124
     $
16,985
     $
28,815
     $
5,131,421
     $
5,160,236
  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
September 30, 2018
(In thousands)   Multi-family residential   Commercial real estate   One-to-four family - mixed-use property   One-to-four family - residential   Construction loans   Small Business Administration   Taxi medallion   Commercial business and other   Unallocated   Total
                                         
Allowance for credit losses:                                                                                
Beginning balance   $
5,538
     $
4,726
     $
2,297
     $
1,003
     $
264
     $
549
     $
-
     $
5,832
     $
11
     $
20,220
  
Charge-off's    
(18
 )    
-
      
(3
 )    
-
      
-
      
(144
 )    
(40
 )    
(15
 )    
-
      
(220
 )
Recoveries    
-
      
-
      
39
      
258
      
-
      
10
      
-
      
2
      
-
      
309
  
Provision (Benefit)    
37
      
(650
 )    
(407
 )    
(382
 )    
(2
 )    
138
      
40
      
1,186
      
40
      
-
  
Ending balance   $
5,557
     $
4,076
     $
1,926
     $
879
     $
262
     $
553
     $
-
     $
7,005
     $
51
     $
20,309
  
September 30, 2017
(In thousands)   Multi-family residential   Commercial real estate   One-to-four family - mixed-use property   One-to-four family - residential   Construction loans   Small Business Administration   Taxi medallion   Commercial business and other   Unallocated   Total
                                         
Allowance for credit losses:                                                                                
Beginning balance   $
5,917
     $
4,688
     $
2,568
     $
990
     $
130
     $
306
     $
2,330
     $
4,668
     $
560
     $
22,157
  
Charge-off's    
(290
 )    
-
      
(1
 )    
-
      
-
      
-
      
-
      
(33
 )    
-
      
(324
 )
Recoveries    
66
      
25
      
-
      
58
      
-
      
17
      
-
      
4
      
-
      
170
  
Provision (Benefit)    
43
      
(86
 )    
(49
 )    
(90
 )    
(13
 )    
70
      
3,661
      
290
      
(560
 )    
3,266
  
Ending balance   $
5,736
     $
4,627
     $
2,518
     $
958
     $
117
     $
393
     $
5,991
     $
4,929
     $
-
     $
25,269
  
September 30, 2018
(In thousands)   Multi-family residential   Commercial real estate   One-to-four family - mixed-use property   One-to-four family - residential   Construction loans   Small Business Administration   Taxi medallion   Commercial business and other   Unallocated   Total
                                         
Allowance for credit losses:                                                                                
Beginning balance   $
5,823
     $
4,643
     $
2,545
     $
1,082
     $
68
     $
669
     $
-
     $
5,521
     $
-
     $
20,351
  
Charge-off's    
(99
 )    
-
      
(3
 )    
(1
 )    
-
      
(196
 )    
(393
 )    
(29
 )    
-
      
(721
 )
Recoveries    
2
      
-
      
118
      
370
      
-
      
25
      
-
      
11
      
-
      
526
  
Provision (Benefit)    
(169
 )    
(567
 )    
(734
 )    
(572
 )    
194
      
55
      
393
      
1,502
      
51
      
153
  
Ending balance   $
5,557
     $
4,076
     $
1,926
     $
879
     $
262
     $
553
     $
-
     $
7,005
     $
51
     $
20,309
  
September 30, 2017
(In thousands)   Multi-family residential   Commercial real estate   One-to-four family - mixed-use property   One-to-four family - residential   Construction loans   Small Business Administration   Taxi medallion   Commercial business and other   Unallocated   Total
                                         
Allowance for credit losses:                                                                                
Beginning balance   $
5,923
     $
4,487
     $
2,903
     $
1,015
     $
92
     $
481
     $
2,243
     $
4,492
     $
593
     $
22,229
  
Charge-off's    
(452
 )    
(4
 )    
(36
 )    
(170
 )    
-
      
(89
 )    
(54
 )    
(48
 )    
-
      
(853
 )
Recoveries    
297
      
93
      
68
      
58
      
-
      
66
      
-
      
45
      
-
      
627
  
Provision (Benefit)    
(32
 )    
51
      
(417
 )    
55
      
25
      
(65
 )    
3,802
      
440
      
(593
 )    
3,266
  
Ending balance   $
5,736
     $
4,627
     $
2,518
     $
958
     $
117
     $
393
     $
5,991
     $
4,929
     $
-
     $
25,269
  
Schedule of Loans and the Manner in which they are Evaluated for Impairment [Table Text Block]
September 30, 2018
(In thousands)   Multi-family residential   Commercial real estate   One-to-four family - mixed-use property   One-to-four family- residential   Co-operative apartments   Construction loans   Small Business Administration   Taxi medallion   Commercial business and other   Unallocated   Total
                                             
Financing Receivables:                                                                                      
Ending Balance   $
2,235,370
     $
1,460,555
     $
565,302
     $
188,975
     $
7,771
     $
40,239
     $
14,322
     $
6,078
     $
846,224
     $
-
     $
5,364,836
Ending balance: individually evaluated for impairment   $
5,023
     $
4,206
     $
3,680
     $
7,561
     $
-
     $
-
     $
1,429
     $
6,078
     $
25,059
     $
-
     $
53,036
Ending balance: collectively evaluated for impairment   $
2,230,347
     $
1,456,349
     $
561,622
     $
181,414
     $
7,771
     $
40,239
     $
12,893
     $
-
     $
821,165
     $
-
     $
5,311,800
                                                                                       
Allowance for credit losses:                                                                                      
Ending balance: individually evaluated for impairment   $
102
     $
-
     $
151
     $
53
     $
-
     $
-
     $
-
     $
-
     $
2
     $
-
     $
308
Ending balance: collectively evaluated for impairment   $
5,455
     $
4,076
     $
1,775
     $
826
     $
-
     $
262
     $
553
     $
-
     $
7,003
     $
51
     $
20,001
                                                                                       
December 31, 2017
(In thousands)    
Multi-family residential
      
Commercial real estate
      
One-to-four family - mixed-use property
      
One-to-four family- residential
      
Co-operative apartments
      
Construction loans
      
Small Business Administration
      
Taxi medallion
      
Commercial business and other
      
Unallocated
      
Total
                                                                                       
Financing Receivables:                                                                                      
Ending Balance   $
2,273,595
     $
1,368,112
     $
564,206
     $
180,663
     $
6,895
     $
8,479
     $
18,479
     $
6,834
     $
732,973
     $
-
     $
5,160,236
Ending balance: individually evaluated for impairment   $
7,311
     $
9,089
     $
5,445
     $
9,686
     $
-
     $
-
     $
137
     $
6,834
     $
661
     $
-
     $
39,163
Ending balance: collectively evaluated for impairment   $
2,266,284
     $
1,359,023
     $
558,761
     $
170,977
     $
6,895
     $
8,479
     $
18,342
     $
-
     $
732,312
     $
-
     $
5,121,073
                                                                                       
Allowance for credit losses:                                                                                      
Ending balance: individually evaluated for impairment   $
205
     $
177
     $
198
     $
56
     $
-
     $
-
     $
-
     $
-
     $
6
     $
-
     $
642
Ending balance: collectively evaluated for impairment   $
5,618
     $
4,466
     $
2,347
     $
1,026
     $
-
     $
68
     $
669
     $
-
     $
5,515
     $
-
     $
19,709
Impaired Financing Receivables [Table Text Block]
    September 30, 2018   December 31, 2017
    Recorded
Investment		   Unpaid
Principal
Balance		   Related
Allowance		   Recorded
Investment		   Unpaid
Principal
Balance		   Related
Allowance
                         
    (In thousands)
With no related allowance recorded:                                                
Mortgage loans:                                                
Multi-family residential   $
3,741
     $
4,288
     $
-
     $
5,091
     $
5,539
     $
-
  
Commercial real estate    
4,206
      
4,206
      
-
      
7,103
      
7,103
      
-
  
One-to-four family mixed-use property    
2,484
      
2,703
      
-
      
4,218
      
4,556
      
-
  
One-to-four family residential    
7,158
      
7,792
      
-
      
9,272
      
10,489
      
-
  
Non-mortgage loans:                                                
Small Business Administration    
1,429
      
1,577
      
-
      
137
      
151
      
-
  
Taxi medallion    
6,078
      
17,343
      
-
      
6,834
      
18,063
      
-
  
Commercial business and other    
24,773
      
25,142
      
-
      
313
      
682
      
-
  
                                                 
Total loans with no related allowance recorded    
49,869
      
63,051
      
-
      
32,968
      
46,583
      
-
  
                                                 
With an allowance recorded:                                                
Mortgage loans:                                                
Multi-family residential    
1,282
      
1,282
      
102
      
2,220
      
2,220
      
205
  
Commercial real estate    
-
      
-
      
-
      
1,986
      
1,986
      
177
  
One-to-four family mixed-use property    
1,196
      
1,196
      
151
      
1,227
      
1,227
      
198
  
One-to-four family residential    
403
      
403
      
53
      
414
      
414
      
56
  
Non-mortgage loans:                                                
Commercial business and other    
286
      
286
      
2
      
348
      
348
      
6
  
                                                 
Total loans with an allowance recorded    
3,167
      
3,167
      
308
      
6,195
      
6,195
      
642
  
                                                 
Total Impaired Loans:                                                
Total mortgage loans   $
20,470
     $
21,870
     $
306
     $
31,531
     $
33,534
     $
636
  
                                                 
Total non-mortgage loans   $
32,566
     $
44,348
     $
2
     $
7,632
     $
19,244
     $
6
  
    September 30, 2018   September 30, 2017
    Average
Recorded
Investment		   Interest
Income
Recognized		   Average
Recorded
Investment		   Interest
Income
Recognized
                 
    (In thousands)
With no related allowance recorded:                                
Mortgage loans:                                
Multi-family residential   $
4,013
     $
31
     $
2,451
     $
12
  
Commercial real estate    
4,587
      
50
      
5,142
      
60
  
One-to-four family mixed-use property    
3,452
      
28
      
5,269
      
45
  
One-to-four family residential    
7,742
      
7
      
10,023
      
29
  
Construction    
365
      
-
      
890
      
15
  
Non-mortgage loans:                                
Small Business Administration    
739
      
31
      
260
      
5
  
Taxi medallion    
6,152
      
84
      
3,177
      
19
  
Commercial business and other    
20,301
      
482
      
1,254
      
6
  
                                 
Total loans with no related allowance recorded    
47,351
      
713
      
28,466
      
191
  
                                 
With an allowance recorded:                                
Mortgage loans:                                
Multi-family residential    
1,740
      
19
      
2,242
      
28
  
Commercial real estate    
-
      
-
      
2,040
      
24
  
One-to-four family mixed-use property    
1,201
      
15
      
1,445
      
16
  
One-to-four family residential    
405
      
4
      
422
      
4
  
Non-mortgage loans:                                
Taxi medallion    
-
      
-
      
14,716
      
73
  
Commercial business and other    
297
      
4
      
385
      
5
  
                                 
Total loans with an allowance recorded    
3,643
      
42
      
21,250
      
150
  
                                 
Total Impaired Loans:                                
Total mortgage loans   $
23,505
     $
154
     $
29,924
     $
233
  
                                 
Total non-mortgage loans   $
27,489
     $
601
     $
19,792
     $
108
  
    September 30, 2018   September 30, 2017
    Average
Recorded
Investment		   Interest
Income
Recognized		   Average
Recorded
Investment		   Interest
Income
Recognized
                 
    (In thousands)
With no related allowance recorded:                                
Mortgage loans:                                
Multi-family residential   $
4,201
     $
67
     $
2,650
     $
57
  
Commercial real estate    
5,300
      
176
      
5,881
      
214
  
One-to-four family mixed-use property    
3,759
      
108
      
5,399
      
123
  
One-to-four family residential    
7,974
      
32
      
10,062
      
85
  
Construction    
243
      
10
      
794
      
22
  
Non-mortgage loans:                                
Small Business Administration    
526
      
33
      
230
      
9
  
Taxi medallion    
6,307
      
252
      
3,771
      
74
  
Commercial business and other    
13,560
      
792
      
1,584
      
93
  
                                 
Total loans with no related allowance recorded    
41,870
      
1,470
      
30,371
      
677
  
                                 
With an allowance recorded:                                
Mortgage loans:                                
Multi-family residential    
1,896
      
78
      
2,391
      
107
  
Commercial real estate    
1,206
      
39
      
2,039
      
72
  
One-to-four family mixed-use property    
407
      
12
      
1,379
      
50
  
One-to-four family residential    
-
      
-
      
422
      
12
  
Non-mortgage loans:                                
Taxi medallion    
-
      
-
      
14,663
      
166
  
Commercial business and other    
307
      
13
      
383
      
17
  
                                 
Total loans with an allowance recorded    
3,816
      
142
      
21,277
      
424
  
                                 
Total Impaired Loans:                                
Total mortgage loans   $
24,986
     $
522
     $
31,017
     $
742
  
                                 
Total non-mortgage loans   $
20,700
     $
1,090
     $
20,631
     $
359
  
Financing Receivable Credit Quality Indicators [Table Text Block]
    September 30, 2018
(In thousands)   Special Mention   Substandard   Doubtful   Loss   Total
                     
Multi-family residential   $
3,092
     $
3,095
     $
-
     $
-
     $
6,187
  
Commercial real estate    
2,969
      
4,206
      
-
      
-
      
7,175
  
One-to-four family - mixed-use property    
1,215
      
1,967
      
-
      
-
      
3,182
  
One-to-four family - residential    
480
      
7,005
      
-
      
-
      
7,485
  
Small Business Administration    
487
      
274
      
-
      
-
      
761
  
Taxi medallion    
-
      
6,078
      
-
      
-
      
6,078
  
Commercial business and other    
749
      
25,050
      
-
      
-
      
25,799
  
Total loans   $
8,992
     $
47,675
     $
-
     $
-
     $
56,667
  
    December 31, 2017
(In thousands)   Special Mention   Substandard   Doubtful   Loss   Total
                     
Multi-family residential   $
6,389
     $
4,793
     $
-
     $
-
     $
11,182
  
Commercial real estate    
2,020
      
8,871
      
-
      
-
      
10,891
  
One-to-four family - mixed-use property    
2,835
      
3,691
      
-
      
-
      
6,526
  
One-to-four family - residential    
2,076
      
9,115
      
-
      
-
      
11,191
  
Small Business Administration
 
    
548
      
108
      
-
      
-
      
656
  
Taxi medallion    
-
      
6,834
      
-
      
-
      
6,834
  
Commercial business and other    
14,859
      
545
      
-
      
-
      
15,404
  
Total loans   $
28,727
     $
33,957
     $
-
     $
-
     $
62,684
  
Performing According to Restructured Terms [Member]  
Notes Tables  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
    September 30, 2018   December 31, 2017
(Dollars in thousands)   Number
 of contracts		   Recorded
investment		   Number
 of contracts		   Recorded
investment
                 
Multi-family residential    
7
     $
1,927
      
9
     $
2,518
  
Commercial real estate    
-
      
-
      
2
      
1,986
  
One-to-four family - mixed-use property    
5
      
1,713
      
5
      
1,753
  
One-to-four family - residential    
3
      
557
      
3
      
572
  
Taxi medallion    
19
      
5,366
      
20
      
5,916
  
Commercial business and other    
3
      
1,885
      
2
      
462
  
Total performing troubled debt restructured    
37
     $
11,448
      
41
     $
13,207
  
    September 30, 2018   December 31, 2017
 
(Dollars in thousands)		  
 		 Number
of contracts		  
 		 Recorded
investment		  
 		 Number
of contracts		  
 		 Recorded
investment
                 
Multi-family residential    
1
     $
383
      
1
     $
383
  
                                 
Total troubled debt restructurings that subsequently defaulted    
1
     $
383
      
1
     $
383