XML 42 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 10 - Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 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 September 30,   at December 31,   Three Months Ended   Nine Months Ended
(In thousands)   2018   2017   September 30, 2018   September 30, 2017   September 30, 2018   September 30, 2017
                         
Mortgage-backed securities   $
1,330
     $
1,590
     $
(6
 )   $
(5
 )   $
(17
 )   $
(15
 )
Other securities    
12,610
      
12,685
      
(72
 )    
40
      
(272
 )    
184
  
Borrowed funds    
40,151
      
36,986
      
(607
 )    
(925
 )    
(3,155
 )    
(2,090
 )
Net loss from fair value adjustments
(1)(2)
    
 
      
 
     $
(685
 )   $
(890
 )   $
(3,444
 )   $
(1,921
 )
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
    2018   2017   2018   2017   2018   2017   2018   2017
    (In thousands)
                                 
Assets:                                                                
Mortgage-backed                                                                
Securities   $
-
     $
-
     $
528,119
     $
509,650
     $
-
     $
-
     $
528,119
     $
509,650
  
Other securities    
11,405
      
11,575
      
220,303
      
216,019
      
1,205
      
1,110
      
232,913
      
228,704
  
Interest rate swaps    
-
      
-
      
32,600
      
7,388
      
-
      
-
      
32,600
      
7,388
  
                                                                 
Total assets   $
11,405
     $
11,575
     $
781,022
     $
733,057
     $
1,205
     $
1,110
     $
793,632
     $
745,742
  
                                                                 
Liabilities:                                                                
Borrowings   $
-
     $
-
     $
-
     $
-
     $
40,151
     $
36,986
     $
40,151
     $
36,986
  
Interest rate swaps    
-
      
-
      
449
      
3,758
      
-
      
-
      
449
      
3,758
  
                                                                 
Total liabilities   $
-
     $
-
     $
449
     $
3,758
     $
40,151
     $
36,986
     $
40,600
     $
40,744
  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
    For the three months ended
    September 30, 2018   September 30, 2017
    Trust preferred
securities		   Junior subordinated
debentures		   Trust preferred
securities		   Junior subordinated
debentures
    (In thousands)
                 
Beginning balance   $
1,188
     $
39,566
     $
7,444
     $
35,137
  
Security Call    
-
      
-
      
(6,300
 )    
-
  
Net gain from fair value adjustment of financial assets
(1)
    
17
      
-
      
28
      
-
  
Net loss from fair value adjustment of financial liabilities
(1)
    
-
      
607
      
-
      
925
  
Decrease in accrued interest receivable    
-
      
-
      
(89
 )    
-
  
Increase (decrease) in accrued interest payable    
-
      
(9
 )    
-
      
9
  
Change in unrealized gains (losses) included in other comprehensive income    
-
      
(13
 )    
-
      
-
  
Ending balance   $
1,205
     $
40,151
     $
1,083
     $
36,071
  
                                 
Changes in unrealized gains (losses) held at period end   $
-
     $
(13
 )   $
-
     $
-
  
    For the nine months ended
    September 30, 2018   September 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
  
Security call    
-
      
-
      
(6,300
 )    
-
  
Net gain from fair value adjustment of financial assets
(1)
    
94
      
-
      
108
      
-
  
Net loss from fair value adjustment of financial liabilities
(1)
    
 
      
3,155
      
-
      
2,090
  
Increase (Decrease) in accrued interest receivable    
1
      
-
      
(88
 )    
-
  
Increase in accrued interest payable    
-
      
42
      
-
      
22
  
Change in unrealized gains (losses) included in other comprehensive income    
-
      
(32
 )    
2
      
-
  
Ending balance   $
1,205
     $
40,151
     $
1,083
     $
36,071
  
                                 
Changes in unrealized gains (losses)held at period end   $
-
     $
(32
 )   $
2
     $
-
  
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
    2018   2017   2018   2017   2018   2017   2018   2017
    (In thousands)
Assets:                                
Impaired loans   $
-
     $
-
     $
-
     $
-
     $
12,798
     $
16,027
     $
12,798
     $
16,027
  
Other repossesed assets    
-
      
-
      
-
      
-
      
35
      
-
      
35
      
-
  
                                                                 
Total assets   $
-
     $
-
     $
-
     $
-
     $
12,833
     $
16,027
     $
12,833
     $
16,027
  
Fair Value, by Balance Sheet Grouping [Table Text Block]
    September 30, 2018
    Carrying
Amount		   Fair 
Value		   Level 1   Level 2   Level 3
    (In thousands)
Assets:                    
                     
Cash and due from banks   $
45,094
     $
45,094
     $
45,094
     $
-
     $
-
  
Securities held-to-maturity                                        
Mortgage-backed securities    
7,958
      
7,221
      
-
      
7,221
      
-
  
Other securities    
23,207
      
20,996
      
-
      
-
      
20,996
  
Securities available for sale                                        
Mortgage-backed securities    
528,119
      
528,119
      
-
      
528,119
      
-
  
Other securities    
232,913
      
232,913
      
11,405
      
220,303
      
1,205
  
Loans    
5,380,062
      
5,301,783
      
-
      
-
      
5,301,783
  
FHLB-NY stock    
54,942
      
54,942
      
-
      
54,942
      
-
  
Accrued interest receivable    
24,673
      
24,673
      
5
      
1,962
      
22,706
  
Interest rate swaps    
32,600
      
32,600
      
-
      
32,600
      
-
  
                                         
                                         
                                         
Liabilities:                                        
Deposits   $
4,716,315
     $
4,706,114
     $
3,153,353
     $
1,552,761
     $
-
  
Borrowings    
1,197,101
      
1,184,589
      
-
      
1,144,438
      
40,151
  
Accrued interest payable    
6,732
      
6,732
      
-
      
6,732
      
-
  
Interest rate swaps    
449
      
449
      
-
      
449
      
-
  
    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]
    September 30, 2018
         
    Fair Value   Valuation Technique   Unobservable Input   Range   Weighted Average
    (Dollars in thousands)
Assets:                    
                     
Impaired loans   $
1,525
    
Income approach
  
Capitalization rate
    
6.5%
to
7.5%
    
7.0%
     
 
    
 
  
Reduction for planned expedited disposal
    
 
15.0%
 
    
15.0%
                             
Impaired loans   $
8,358
    
Sales approach
  
Adjustment to sales comparison value to reconcile differences between comparable sales
    
-50.0%
to
15.0%
    
-2.1%
     
 
    
 
  
Reduction for planned expedited disposal
    
-38.6%
to
15.0%
    
11.1%
                             
Impaired loans   $
2,915
    
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%
    
7.5%
     
 
    
 
  
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]
    September 30, 2018
    Fair Value   Valuation Technique   Unobservable Input   Range   Weighted Average
    (Dollars in thousands)
Assets:                    
                     
Trust preferred securities   $
1,205
    
Discounted cash flows
  
Discount rate
  
n/a
    
5.1
 %
                             
Liabilities:                            
                             
Junior subordinated debentures   $
40,151
    
Discounted cash flows
  
Discount rate
  
n/a
    
5.1
 %
    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
 %