XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Note 5 - Loans (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Financing Receivable, Nonaccrual [Table Text Block]
(In thousands)   March 31, 
2019
  December 31, 
2018
         
Non-accrual mortgage loans:                
Multi-family residential   $
2,009
    $
2,410
 
Commercial real estate    
1,050
     
1,379
 
One-to-four family - mixed-use property    
1,305
     
928
 
One-to-four family - residential    
5,708
     
6,144
 
Construction    
950
     
 
Total    
11,022
     
10,861
 
                 
Non-accrual non-mortgage loans:                
Small Business Administration    
1,227
     
1,267
 
Taxi medallion    
1,372
     
613
 
Commercial business and other    
2,114
     
3,512
 
Total    
4,713
     
5,392
 
                 
Total non-accrual loans    
15,735
     
16,253
 
                 
Total non-performing loans   $
15,735
    $
16,253
 
Schedule of Interest Foregone on Non-Accrual and TDR Loans [Table Text Block]
    For the three months ended 
 March 31,
    2019   2018
    (In thousands)
Interest income that would have been recognized had the loans performed in accordance with their original terms   $
394
    $
406
 
Less:  Interest income included in the results of operations    
118
     
158
 
Total foregone interest   $
276
    $
248
 
Financing Receivable, Past Due [Table Text Block]
    March 31, 2019
(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   $
683
    $
    $
2,009
    $
2,692
    $
2,253,755
    $
2,256,447
 
Commercial real estate    
786
     
1,794
     
1,050
     
3,630
     
1,525,371
     
1,529,001
 
One-to-four family - mixed-use property    
1,212
     
     
1,025
     
2,237
     
579,812
     
582,049
 
One-to-four family - residential    
1,532
     
155
     
5,708
     
7,395
     
181,220
     
188,615
 
Co-operative apartments    
     
     
     
     
7,903
     
7,903
 
Construction loans    
     
     
950
     
950
     
53,983
     
54,933
 
Small Business Administration    
     
     
1,227
     
1,227
     
13,961
     
15,188
 
Taxi medallion    
     
     
768
     
768
     
3,123
     
3,891
 
Commercial business and other    
508
     
1,299
     
2,114
     
3,921
     
931,376
     
935,297
 
Total   $
4,721
    $
3,248
    $
14,851
    $
22,820
    $
5,550,504
    $
5,573,324
 
    December 31, 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   $
1,887
    $
339
    $
2,410
    $
4,636
    $
2,264,412
    $
2,269,048
 
Commercial real estate    
379
     
     
1,379
     
1,758
     
1,540,789
     
1,542,547
 
One-to-four family - mixed-use property    
1,003
     
322
     
928
     
2,253
     
575,488
     
577,741
 
One-to-four family - residential    
1,564
     
     
6,144
     
7,708
     
182,642
     
190,350
 
Co-operative apartments    
     
     
     
     
8,498
     
8,498
 
Construction loans    
     
730
     
     
730
     
49,870
     
50,600
 
Small Business Administration    
774
     
68
     
1,267
     
2,109
     
13,101
     
15,210
 
Taxi medallion    
     
     
     
     
4,539
     
4,539
 
Commercial business and other    
1,306
     
281
     
2,216
     
3,803
     
873,960
     
877,763
 
Total   $
6,913
    $
1,740
    $
14,344
    $
22,997
    $
5,513,299
    $
5,536,296
 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
March 31, 2019
(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
  Total
                                     
Allowance for credit losses:                                                                        
Beginning balance   $
5,676
    $
4,315
    $
1,867
    $
749
    $
329
    $
418
    $
    $
7,591
    $
20,945
 
Charge-off's    
     
     
(1
)    
     
     
     
     
(1,137
)    
(1,138
)
Recoveries    
13
     
     
86
     
4
     
     
4
     
84
     
45
     
236
 
Provision (Benefit)    
(196
)    
(37
)    
(161
)    
(22
)    
22
     
(13
)    
(84
)    
1,463
     
972
 
Ending balance   $
5,493
    $
4,278
    $
1,791
    $
731
    $
351
    $
409
    $
    $
7,962
    $
21,015
 
March 31, 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
  Total
                                     
Allowance for credit losses:                                                                        
Beginning balance   $
5,823
    $
4,643
    $
2,545
    $
1,082
    $
68
    $
669
    $     $
5,521
    $
20,351
 
Charge-off's    
(53
)    
     
     
(1
)    
     
(25
)          
(6
)    
(85
)
Recoveries    
2
     
     
     
108
     
     
6
           
7
     
123
 
Provision (Benefit)    
(22
)    
(41
)    
(75
)    
(148
)    
123
     
25
           
291
     
153
 
Ending balance   $
5,750
    $
4,602
    $
2,470
    $
1,041
    $
191
    $
675
    $     $
5,813
    $
20,542
 
Schedule of Loans and the Manner in which they are Evaluated for Impairment [Table Text Block]
March 31, 2019
(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
  Total
Financing Receivables:                                                                                
Ending Balance   $
2,256,447
    $
1,529,001
    $
582,049
    $
188,615
    $
7,903
    $
54,933
    $
15,188
    $
3,891
    $
935,297
    $
5,573,324
 
Ending balance: individually evaluated for impairment   $
4,104
    $
1,097
    $
2,987
    $
6,463
    $
    $
950
    $
1,227
    $
3,891
    $
2,114
    $
22,833
 
Ending balance: collectively evaluated for impairment   $
2,252,343
    $
1,527,904
    $
579,062
    $
182,152
    $
7,903
    $
53,983
    $
13,961
    $
    $
933,183
    $
5,550,491
 
Allowance for credit losses:                                                                                
Ending balance: individually evaluated for impairment   $
98
    $
    $
54
    $
50
    $
    $
    $
    $
    $
178
    $
380
 
Ending balance: collectively evaluated for impairment   $
5,395
    $
4,278
    $
1,737
    $
681
    $
    $
351
    $
409
    $
    $
7,784
    $
20,635
 
December 31, 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
  Total
Financing Receivables:                                                                                
Ending Balance   $
2,269,048
    $
1,542,547
    $
577,741
    $
190,350
    $
8,498
    $
50,600
    $
15,210
    $
4,539
    $
877,763
    $
5,536,296
 
Ending balance: individually evaluated for impairment   $
4,500
    $
1,435
    $
3,098
    $
6,889
    $
    $
    $
1,267
    $
4,539
    $
3,791
    $
25,519
 
Ending balance: collectively evaluated for impairment   $
2,264,548
    $
1,541,112
    $
574,643
    $
183,461
    $
8,498
    $
50,600
    $
13,943
    $
    $
873,972
    $
5,510,777
 
Allowance for credit losses:                                                                                
Ending balance: individually evaluated for impairment   $
100
    $
    $
143
    $
51
    $
    $
    $
    $
    $
866
    $
1,160
 
Ending balance: collectively evaluated for impairment   $
5,576
    $
4,315
    $
1,724
    $
698
    $
    $
329
    $
418
    $
    $
6,725
    $
19,785
 
Impaired Financing Receivables [Table Text Block]
    March 31, 2019   December 31, 2018
    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   $
2,835
    $
3,179
    $
    $
3,225
    $
3,568
    $
 
Commercial real estate    
1,097
     
1,097
     
     
1,435
     
1,435
     
 
One-to-four family mixed-use property    
1,983
     
2,123
     
     
1,913
     
2,113
     
 
One-to-four family residential    
6,068
     
6,221
     
     
6,490
     
6,643
     
 
Construction    
950
     
950
     
     
     
     
 
Non-mortgage loans:                                                
Small Business Administration    
1,227
     
1,499
     
     
1,267
     
1,609
     
 
Taxi medallion    
3,891
     
11,049
     
     
4,539
     
12,788
     
 
Commercial business and other    
1,223
     
2,352
     
     
     
     
 
                                                 
Total loans with no related allowance recorded    
19,274
     
28,470
     
     
18,869
     
28,156
     
 
                                                 
With an allowance recorded:                                                
Mortgage loans:                                                
Multi-family residential    
1,269
     
1,269
     
98
     
1,275
     
1,275
     
100
 
One-to-four family mixed-use property    
1,004
     
1,004
     
54
     
1,185
     
1,185
     
143
 
One-to-four family residential    
395
     
395
     
50
     
399
     
399
     
51
 
Non-mortgage loans:                                                
Commercial business and other    
891
     
891
     
178
     
3,791
     
3,791
     
866
 
                                                 
Total loans with an allowance recorded    
3,559
     
3,559
     
380
     
6,650
     
6,650
     
1,160
 
                                                 
Total Impaired Loans:                                                
Total mortgage loans   $
15,601
    $
16,238
    $
202
    $
15,922
    $
16,618
    $
294
 
                                                 
Total non-mortgage loans   $
7,232
    $
15,791
    $
178
    $
9,597
    $
18,188
    $
866
 
    March 31, 2019   March 31, 2018
    Average
 Recorded  
Investment
  Interest
Income
Recognized
  Average
 Recorded  
Investment
  Interest
Income
Recognized
                 
    (In thousands)
With no related allowance recorded:                                
Mortgage loans:                                
Multi-family residential   $
3,031
    $
9
    $
4,834
    $
20
 
Commercial real estate    
1,266
     
     
6,915
     
74
 
One-to-four family mixed-use property    
1,948
     
17
     
4,297
     
41
 
One-to-four family residential    
6,279
     
2
     
8,855
     
15
 
Construction    
475
     
     
     
 
Non-mortgage loans:                                
Small Business Administration    
1,247
     
     
118
     
1
 
Taxi medallion    
4,215
     
58
     
6,726
     
82
 
Commercial business and other    
611
     
     
196
     
2
 
                                 
Total loans with no related allowance recorded    
19,072
     
86
     
31,941
     
235
 
                                 
With an allowance recorded:                                
Mortgage loans:                                
Multi-family residential    
1,272
     
18
     
2,214
     
29
 
Commercial real estate    
     
     
993
     
 
One-to-four family mixed-use property    
1,095
     
10
     
1,222
     
9
 
One-to-four family residential    
397
     
4
     
413
     
4
 
Non-mortgage loans:                                
Taxi medallion    
     
     
     
 
Commercial business and other    
2,341
     
     
338
     
5
 
                                 
Total loans with an allowance recorded    
5,105
     
32
     
5,180
     
47
 
                                 
Total Impaired Loans:                                
Total mortgage loans   $
15,763
    $
60
    $
29,743
    $
192
 
                                 
Total non-mortgage loans   $
8,414
    $
58
    $
7,378
    $
90
 
Financing Receivable Credit Quality Indicators [Table Text Block]
    March 31, 2019
(In thousands)   Special Mention   Substandard   Doubtful   Loss   Total
                     
Multi-family residential   $
1,322
    $
3,938
    $
    $     $
5,260
 
Commercial real estate    
374
     
3,635
     
           
4,009
 
One-to-four family - mixed-use property    
1,341
     
1,937
     
           
3,278
 
One-to-four family - residential    
297
     
6,156
     
           
6,453
 
Construction    
     
950
     
           
950
 
Small Business Administration    
473
     
121
     
           
594
 
Taxi medallion    
     
3,891
     
           
3,891
 
Commercial business and other    
4,293
     
16,632
     
1,834
           
22,759
 
Total loans   $
8,100
    $
37,260
    $
1,834
    $     $
47,194
 
    December 31, 2018
(In thousands)   Special Mention   Substandard   Doubtful   Loss   Total
                     
Multi-family residential   $
2,498
    $
4,166
    $
    $     $
6,664
 
Commercial real estate    
381
     
4,051
     
           
4,432
 
One-to-four family - mixed-use property    
1,199
     
2,034
     
           
3,233
 
One-to-four family - residential    
557
     
6,665
     
           
7,222
 
Construction    
730
     
     
           
730
 
Small Business Administration
 
   
481
     
139
     
           
620
 
Taxi medallion    
     
4,539
     
           
4,539
 
Commercial business and other    
730
     
21,348
     
3,512
           
25,590
 
Total loans   $
6,576
    $
42,942
    $
3,512
    $     $
53,030
 
Nonperforming Financial Instruments [Member]  
Notes Tables  
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
    March 31, 2019   December 31, 2018
(Dollars in thousands)   Number
 of contracts
  Recorded
investment
  Number
 of contracts
  Recorded
investment
                 
Multi-family residential    
1
    $
383
     
1
    $
388
 
Taxi medallion    
3
     
768
     
     
 
Commercial business and other    
2
     
852
     
1
     
1,397
 
Total troubled debt restructurings that subsequently defaulted    
6
    $
2,003
     
2
    $
1,785
 
Performing According to Restructured Terms [Member]  
Notes Tables  
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
    March 31, 2019   December 31, 2018
(Dollars in thousands)   Number
 of contracts
  Recorded
investment
  Number
 of contracts
  Recorded
investment
                 
Multi-family residential    
7
    $
1,906
     
7
    $
1,916
 
One-to-four family - mixed-use property    
5
     
1,674
     
5
     
1,692
 
One-to-four family - residential    
3
     
547
     
3
     
552
 
Taxi medallion
(1)
   
10
     
2,518
     
15
     
3,926
 
Commercial business and other    
     
     
1
     
279
 
Total performing troubled debt restructured    
25
    $
6,645
     
31
    $
8,365