Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	2020		2019
	(In thousands)
Multi-family residential	$	2,533,952	$	2,238,591
Commercial real estate		1,754,754		1,582,008
One-to-four family ― mixed-use property		602,981		592,471
One-to-four family ― residential		245,211		188,216
Co-operative apartments		8,051		8,663
Construction		83,322		67,754
Small Business Administration (1)		167,376		14,445
Taxi medallion		2,757		3,309
Commercial business and other		1,303,225		1,061,478
Gross loans		6,701,629		5,756,935
Net unamortized premiums and unearned loan fees		3,045		15,271
Total loans, net of fees and costs	$	6,704,674	$	5,772,206

(1) Includes $151.9 million of SBA PPP loans at December 31, 2020.

Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]

	For the year ended
	December 31, 2020
(Dollars in thousands)	Number	Balance		Modification description
Commercial real estate	1	$	7,583	Loan received a below market interest rate and had an amortization extension
One-to-four family - mixed-use property	1		270	Loan received a below market interest rate.
Total	2	$	7,853

	For the year ended
	December 31, 2019
(Dollars in thousands)	Number	Balance		Modification description
Commercial business and other	3	$	951	Loan amortization extension.
Total	3	$	951

	For the year ended
	December 31, 2018
(Dollars in thousands)	Number	Balance		Modification description
Commercial business and other	1	$	1,620	Loan amortization extension.
Total	1	$	1,620

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

	At or for the year December 31, 2020
(In thousands)		Non-accrual amortized cost beginning of the reporting period		Non-accrual amortized cost ending of the reporting period		Non-accrual with no related allowance		Interest income recognized		Loans ninety days or more past due and still accruing:
Multi-family residential	$	2,723	$	2,576	$	2,576	$	—	$	201
Commercial real estate		2,714		1,766		1,766		—		2,547
One-to-four family - mixed-use property (1)		1,704		1,706		1,706		—		—
One-to-four family - residential		9,992		5,313		5,313		—		—
Small Business Administration		1,169		1,168		1,168		—		—
Taxi medallion(1)		2,318		2,758		2,758		—		—
Commercial business and other(1)		7,406		5,660		1,593		58		—
Total	$	28,026	$	20,947	$	16,880	$	58	$	2,748

(1)Included in the above analysis are non-accrual performing TDR one-to-four family – mixed-use property totaling $0.3 million, non-accrual performing TDR taxi medallion loans totaling $0.4 million December 31, 2020 and non-accrual performing TDR commercial business loans totaling $2.2 million at December 31, 2020.

Schedule of Interest Foregone on Non-Accrual and TDR Loans [Table Text Block]

	2020		2019		2018
	(In thousands)
Interest income that would have been recognized had the loans performed in accordance with their original terms	$	1,845	$	1,546	$	1,604
Less: Interest income included in the results of operations		412		418		623
Total foregone interest	$	1,433	$	1,128	$	981

Past Due Financing Receivables [Table Text Block]

					Greater
	30 - 59 Days		60 - 89 Days		than		Total Past
(in thousands)	Past Due		Past Due		90 Days		Due		Current		Total Loans
Multi-family residential	$	7,582	$	3,186	$	2,777	$	13,545	$	2,522,432	$	2,535,977
Commercial real estate		17,903		5,123		4,313		27,339		1,731,045		1,758,384
One-to-four family ― mixed-use property		5,673		1,132		1,433		8,238		598,647		606,885
One-to-four family ― residential		3,087		805		5,313		9,205		243,486		252,691
Co-operative apartments		—		—		—		—		—		—
Construction		750		—		—		750		82,411		83,161
Small Business Administration		1,823		—		1,168		2,991		162,579		165,570
Taxi medallion		—		—		2,318		2,318		279		2,597
Commercial business and other		129		1,273		1,593		2,995		1,296,414		1,299,409
Total	$	36,947	$	11,519	$	18,915	$	67,381	$	6,637,293	$	6,704,674

					Greater
	30 - 59 Days		60 - 89 Days		than		Total Past
(in thousands)	Past Due		Past Due		90 Days		Due		Current		Total Loans
Multi-family residential	$	4,042	$	1,563	$	2,741	$	8,346	$	2,230,245	$	2,238,591
Commercial real estate		—		4,941		367		5,308		1,576,700		1,582,008
One-to-four family - mixed-use property		1,117		496		274		1,887		590,584		592,471
One-to-four family - residential		720		1,022		5,139		6,881		181,335		188,216
Co-operative apartments		—		—		—		—		8,663		8,663
Construction loans		—		—		—		—		67,754		67,754
Small Business Administration		—		—		1,151		1,151		13,294		14,445
Taxi medallion		—		—		1,065		1,065		2,244		3,309
Commercial business and other		2,340		5		1,945		4,290		1,057,188		1,061,478
Total	$	8,219	$	8,027	$	12,682	$	28,928	$	5,728,007	$	5,756,935

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	For the year ended December 31, 2020
					One-to-four
					family -		One-to-four										Commercial
	Multi-family		Commercial		mixed-use		family -		Co-operative		Construction		Small Business		Taxi		business and
(in thousands)	residential		real estate		property		residential		apartments		loans		Administration		medallion		other		Total
Allowance for credit losses:
Beginning balance	$	5,391	$	4,429	$	1,817	$	756	$	—	$	441	$	363	$	—	$	8,554	$	21,751
Impact of CECL Adoption		(650)		1,170		(55)		(160)		—		(279)		1,180		—		(827)		379
Impact of Day 1 PCD - Empire Acquisition		444		587		183		158		—		20		278		124		2,305		4,099
Charge-off's		—		—		(3)		—		—		—		(178)		(1,075)		(2,749)		(4,005)
Recoveries		38		—		138		12		—		—		70		—		108		366
Provision (benefit)		1,334		2,141		(94)		103		—		315		538		951		17,275		22,563
Ending balance	$	6,557	$	8,327	$	1,986	$	869	$	—	$	497	$	2,251	$	—	$	24,666	$	45,153

	For the year ended December 31, 2019
					One-to-four
					family -		One-to-four										Commercial
	Multi-family		Commercial		mixed-use		family -		Co-operative		Construction		Small Business		Taxi		business and
(in thousands)	residential		real estate		property		residential		apartments		loans		Administration		medallion		other		Total
Allowance for credit losses:
Beginning balance	$	5,676	$	4,315	$	1,867	$	749	$	—	$	329	$	418	$	—	$	7,591	$	20,945
Charge-off's		(190)		—		(89)		(113)		—		—		—		—		(2,386)		(2,778)
Recoveries		44		37		197		13		—		—		60		134		288		773
Provision (benefit)		(139)		77		(158)		107		—		112		(115)		(134)		3,061		2,811
Ending balance	$	5,391	$	4,429	$	1,817	$	756	$	—	$	441	$	363	$	—	$	8,554	$	21,751

	For the year ended December 31, 2018
					One-to-four
					family -		One-to-four										Commercial
	Multi-family		Commercial		mixed-use		family -		Co-operative		Construction		Small Business		Taxi		business and
(in thousands)	residential		real estate		property		residential		apartments		loans		Administration		medallion		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		(99)		—		(3)		(1)		—		—		(392)		(393)		(44)		(932)
Recoveries		6		—		136		569		—		—		51		143		46		951
Provision (benefit)		(54)		(328)		(811)		(901)		—		261		90		250		2,068		575
Ending balance	$	5,676	$	4,315	$	1,867	$	749	$	—	$	329	$	418	$	—	$	7,591	$	20,945

Financing Receivable Credit Quality Indicators [Table Text Block]

	For the year ended
														Revolving Loans,		Lines of Credit
														Amortized Cost		converted to
(In thousands)		2020		2019		2018		2017		2016		Prior		Basis		term loans		Total
1-4 Family Residential
Pass	$	32,266	$	37,149	$	38,063	$	21,293	$	13,229	$	65,916	$	10,793	$	15,974	$	234,683
Watch		486		720		—		3,302		446		2,599		635		2,397		10,585
Special Mention		—		—		—		—		—		1,338		—		383		1,721
Substandard		—		—		—		—		960		3,183		—		1,559		5,702
Total 1-4 Family Residential	$	32,752	$	37,869	$	38,063	$	24,595	$	14,635	$	73,036	$	11,428	$	20,313	$	252,691
1-4 Family Mixed-Use
Pass	$	36,491	$	72,920	$	77,037	$	58,404	$	53,518	$	282,169	$	—	$	—	$	580,539
Watch		816		—		4,077		6,107		882		9,617		—		—		21,499
Special Mention		—		—		—		368		722		1,433		—		—		2,523
Substandard		—		—		809		—		—		1,515		—		—		2,324
Total 1-4 Family Mixed Use	$	37,307	$	72,920	$	81,923	$	64,879	$	55,122	$	294,734	$	—	$	—	$	606,885
Commercial Real Estate
Pass	$	173,089	$	263,007	$	266,949	$	191,532	$	220,560	$	499,186	$	—	$	—	$	1,614,323
Watch		938		1,359		15,557		15,687		29,445		62,587		—		—		125,573
Special Mention		—		—		—		2,547		2,576		1,350		—		—		6,473
Substandard		—		9,436		—		—		—		2,579		—		—		12,015
Total Commercial Real Estate	$	174,027	$	273,802	$	282,506	$	209,766	$	252,581	$	565,702	$	—	$	—	$	1,758,384
Construction
Pass	$	16,768	$	16,793	$	28,984	$	5,253	$	—	$	590	$	—	$	—	$	68,388
Watch		—		1,115		9,572		750		—		—		—		—		11,437
Special Mention		—		—		761		2,575		—		—		—		—		3,336
Total Construction	$	16,768	$	17,908	$	39,317	$	8,578	$	—	$	590	$	—	$	—	$	83,161
Multifamily
Pass	$	245,551	$	343,887	$	479,644	$	376,275	$	282,185	$	769,712	$	4,572	$	—	$	2,501,826
Watch		1,126		4,906		982		931		3,457		14,806		798		—		27,006
Special Mention		—		699		—		2,536		464		668		—		—		4,367
Substandard		—		—		1,997		—		—		580		201		—		2,778
Total Multifamily	$	246,677	$	349,492	$	482,623	$	379,742	$	286,106	$	785,766	$	5,571	$	—	$	2,535,977
Commercial Business - Secured by RE
Pass	$	110,649	$	43,909	$	54,016	$	36,010	$	50,230	$	86,662	$	—	$	—	$	381,476
Watch		24,539		51,466		17,390		1,320		962		16,192		—		—		111,869
Special Mention		—		613		—		—		—		—		—		—		613
Substandard		—		—		—		—		—		4,220		—		—		4,220
Total Commercial Business - Secured by RE	$	135,188	$	95,988	$	71,406	$	37,330	$	51,192	$	107,074	$	—	$	—	$	498,178
Commercial Business
Pass	$	97,071	$	118,501	$	104,304	$	51,627	$	17,340	$	66,398	$	250,633	$	—	$	705,874
Watch		250		22,490		19,202		20,591		39		26		11,564		—		74,162
Special Mention		—		—		2,411		93		—		—		246		—		2,750
Substandard		4,897		594		17		6,441		2,285		1,647		1,161		—		17,042
Doubtful		—		—		—		—		—		—		1,273		—		1,273
Total Commercial Business	$	102,218	$	141,585	$	125,934	$	78,752	$	19,664	$	68,071	$	264,877	$	—	$	801,101
Small Business Administration
Pass	$	151,449	$	1,453	$	4,194	$	1,327	$	1,882	$	1,523	$	—	$	—	$	161,828
Watch		—		—		—		1,948		570		—		—		—		2,518
Special Mention		—		—		—		—		—		50		—		—		50
Substandard		—		—		—		1,168		6		—		—		—		1,174
Total Small Business Administration	$	151,449	$	1,453	$	4,194	$	4,443	$	2,458	$	1,573	$	—	$	—	$	165,570
Taxi Medallions
Substandard	$	—	$	—	$	—	$	279	$	—	$	2,318	$	—	$	—	$	2,597
Total Taxi Medallions	$	—	$	—	$	—	$	279	$	—	$	2,318	$	—	$	—	$	2,597
Other
Pass	$	—	$	—	$	—	$	—	$	—	$	37	$	93	$	—	$	130
Total Other	$	—	$	—	$	—	$	—	$	—	$	37	$	93	$	—	$	130
Total Loans	$	896,386	$	991,017	$	1,125,966	$	808,364	$	681,758	$	1,898,901	$	281,969	$	20,313	$	6,704,674

The following table sets forth the recorded investment in loans designated as Criticized or Classified at December 31, 2019:

(In thousands)	Special Mention		Substandard		Doubtful		Loss		Total
Multi-family residential	$	1,563	$	2,743	$	—	$	—	$	4,306
Commercial real estate		5,525		367		—		—		5,892
One-to-four family - mixed-use property		1,585		453		—		—		2,038
One-to-four family - residential		1,095		5,787		—		—		6,882
Small Business Administration (1)		55		85		—		—		140
Taxi medallion		—		3,309		—		—		3,309
Commercial business and other		3,924		11,289		266		—		15,479
Total loans	$	13,747	$	24,033	$	266	$	—	$	38,046

(1) Balance reported net of SBA Guaranteed portion.

Summary of types of collateral-dependent loans by class of loans

	Collateral Type
(In thousands)		Real Estate		Business Assets
Multi-family residential	$	2,576	$	—
Commercial real estate		2,994		—
One-to-four family - mixed-use property		1,706		—
One-to-four family - residential		5,313		—
Small Business Administration		—		1,168
Commercial business and other		—		3,482
Taxi Medallion		—		2,758
Total	$	12,589	$	7,408

Financing Receivable, Purchased with Credit Deterioration, Amount at Purchase Price [Table Text Block]

(Dollars in thousands)	Amount
Purchase price (1)	$	297,807
Allowance for Credit Losses at Acquisition Date		(4,099)
Noncredit Discount		(7,616)
Total consideration paid	$	286,092

(1) Purchase price includes $1.7 million of charge-offs by ENB prior to acquisition.

Nonperforming Financial Instruments [Member]

Notes Tables

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	December 31, 2020
	Number	Amortized
(Dollars in thousands)	of contracts	Cost
Taxi medallion	11	$	1,922
Commercial business and other	1		279
Total troubled debt restructurings that subsequently defaulted	12	$	2,201

	December 31, 2019
	Number	Recorded
(Dollars in thousands)	of contracts	investment
Taxi medallion	4	$	1,065
Commercial business and other	1		279
Total TDR's that subsequently defaulted	5	$	1,344

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

	At December 31,
(In thousands)	2019
Loans ninety days or more past due and still accruing:
Multi-family residential	$	445
Total		445
Non-accrual mortgage loans:
Multi-family residential		2,296
Commercial real estate		367
One-to-four family mixed-use property		274
One-to-four family residential		5,139
Total		8,076
Non-accrual non-mortgage loans:
Small Business Administration		1,151
Taxi medallion (1)		1,641
Commercial business and other (1)		1,945
Total		4,737
Total non-accrual loans		12,813
Total non-performing loans	$	13,258

Performing According to Restructured Terms [Member]

Notes Tables

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	December 31, 2020
	Number	Amortized
(Dollars in thousands)	of contracts	Cost
Multi-family residential	6	$	1,700
Commercial real estate	1		7,702
One-to-four family - mixed-use property	5		1,731
One-to-four family - residential	3		507
Taxi medallion	2		440
Commercial business and other	8		3,831
Total performing	25	$	15,911

	December 31, 2019
	Number	Recorded
(Dollars in thousands)	of contracts	investment
Multi-family residential	7	$	1,873
One-to-four family - mixed-use property	4		1,481
One-to-four family - residential	3		531
Taxi medallion	7		1,668
Commercial business and other	3		941
Total performing	24	$	6,494