Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 03, 2016 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2016 | |
Entity Registrant Name | BCB BANCORP INC | |
Entity Central Index Key | 1,228,454 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 11,237,751 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 |
Consolidated Statements Of Fina
Consolidated Statements Of Financial Condition - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and amounts due from depository institutions | $ 15,277 | $ 11,808 |
Interest-earning deposits | 220,497 | 120,827 |
Total cash and cash equivalents | 235,774 | 132,635 |
Interest-earning time deposits | 980 | 1,238 |
Securities available for sale | 18,365 | 9,623 |
Loans held for sale | 4,875 | 1,983 |
Loans receivable, net of allowance for loan losses of $18,338 and $18,042, respectively | 1,424,891 | 1,420,118 |
Federal Home Loan Bank of New York stock, at cost | 11,016 | 10,711 |
Premises and equipment, net | 17,113 | 15,727 |
Accrued interest receivable | 5,757 | 5,595 |
Other real estate owned | 1,328 | 1,564 |
Deferred income taxes | 9,860 | 9,881 |
Other assets | 8,384 | 9,331 |
Total Assets | 1,738,343 | 1,618,406 |
LIABILITIES | ||
Non-interest bearing deposits | 145,872 | 130,920 |
Interest bearing deposits | 1,248,433 | 1,143,009 |
Total deposits | 1,394,305 | 1,273,929 |
Borrowed funds | 200,000 | 200,000 |
Subordinated debentures | 4,124 | 4,124 |
Other liabilities and accrued interest payable | 7,608 | 6,809 |
Total Liabilities | 1,606,037 | 1,484,862 |
STOCKHOLDERS' EQUITY | ||
Preferred stock: $0.01 par value, 10,000,000 shares authorized, issued and outstanding 1,560 shares of series A, B, and C 6% noncumulative perpetual preferred stock (liquidation value $10,000 per share) at June 30, 2016 and 1,731 at December 31, 2015 | ||
Additional paid-in capital preferred stock | 15,464 | 17,174 |
Common stock; no par value; 20,000,000 shares authorized, issued and 13,767,014 and 13,738,587 at June 30, 2016 and December 31, 2015, respectively, outstanding 11,237,751 shares and 11,209,324 shares, respectively | 881 | 879 |
Additional paid-in capital common stock | 119,129 | 118,803 |
Retained earnings | 27,388 | 27,382 |
Accumulated other comprehensive (loss) | (1,460) | (1,598) |
Treasury stock, at cost, 2,529,263 shares at June 30, 2016 and December 31, 2015 | (29,096) | (29,096) |
Total Stockholders' Equity | 132,306 | 133,544 |
Total Liabilites and Stockholders' equity | $ 1,738,343 | $ 1,618,406 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Consolidated Statement of Financial Condition [Abstract] | ||
Loans receivable, allowance for loan losses | $ 18,338 | $ 18,042 |
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 1,560 | 1,731 |
Preferred stock, shares outstanding | 1,560 | 1,731 |
Preferred stock, dividend rate | 6.00% | 6.00% |
Preferred stock, liquidation preference per share | $ 10,000 | $ 10,000 |
Common stock, no par value | $ 0 | $ 0 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 13,767,014 | 13,738,587 |
Common stock, shares outstanding | 11,237,751 | 11,209,324 |
Treasury stock, shares | 2,529,263 | 2,529,263 |
Consolidated Statements Of Inco
Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Interest income: | ||||
Loans, including fees | $ 17,263 | $ 16,864 | $ 34,756 | $ 32,231 |
Investments, taxable | 173 | 152 | 373 | 298 |
Other interest-earning assets | 245 | 20 | 383 | 27 |
Total interest income | 17,681 | 17,036 | 35,512 | 32,556 |
Deposits: | ||||
Demand | 470 | 227 | 832 | 399 |
Savings and club | 93 | 94 | 182 | 216 |
Certificates of deposit | 2,126 | 1,382 | 4,160 | 2,503 |
Total deposits | 2,689 | 1,703 | 5,174 | 3,118 |
Borrowed money | 1,629 | 1,637 | 3,277 | 3,151 |
Total interest expense | 4,318 | 3,340 | 8,451 | 6,269 |
Net interest income | 13,363 | 13,696 | 27,061 | 26,287 |
Provision for loan losses | 37 | 1,130 | 226 | 1,850 |
Net interest income after provision for loan losses | 13,326 | 12,566 | 26,835 | 24,437 |
Non-interest income: | ||||
Fees and service charges | 736 | 695 | 1,447 | 1,301 |
Gain on sales of loans | 1,029 | 1,075 | 1,953 | 1,645 |
Loss on bulk sale of impaired loans held in portfolio | (285) | (285) | ||
Other | 26 | 17 | 45 | 46 |
Total non-interest income | 1,506 | 1,787 | 3,160 | 2,992 |
Non-interest expense: | ||||
Salaries and employee benefits | 6,160 | 5,616 | 12,184 | 10,841 |
Occupancy and equipment | 2,043 | 1,942 | 3,915 | 3,733 |
Data processing and service fees | 833 | 1,010 | 1,895 | 2,061 |
Professional fees | 483 | 304 | 910 | 406 |
Director fees | 183 | 200 | 336 | 379 |
Regulatory assessments | 360 | 265 | 710 | 540 |
Advertising and promotional | 390 | 237 | 753 | 675 |
Other real estate owned, net | 94 | 120 | 110 | 169 |
Other | 1,620 | 1,469 | 3,090 | 2,343 |
Total non-interest expense | 12,166 | 11,163 | 23,903 | 21,147 |
Income before income tax provision | 2,666 | 3,190 | 6,092 | 6,282 |
Income tax provision | 1,085 | 1,309 | 2,476 | 2,555 |
Net Income | 1,581 | 1,881 | 3,616 | 3,727 |
Preferred stock dividends | 234 | 201 | 468 | 403 |
Net Income available to common stockholders | $ 1,347 | $ 1,680 | $ 3,148 | $ 3,324 |
Net Income per common share-basic and diluted | ||||
Basic | $ 0.12 | $ 0.20 | $ 0.28 | $ 0.40 |
Diluted | $ 0.12 | $ 0.20 | $ 0.28 | $ 0.39 |
Weighted average number of common shares outstanding | ||||
Basic | 11,229 | 8,421 | 11,223 | 8,410 |
Diluted | 11,233 | 8,447 | 11,226 | 8,434 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | ||
Consolidated Statements of Comprehensive Income [Abstract] | |||||
Net Income | $ 1,581 | $ 1,881 | $ 3,616 | $ 3,727 | |
Unrealized gains on available-for-sale securities: | |||||
Unrealized holding gains arising during the period | [1] | 47 | (91) | 153 | (49) |
Benefit plans | [2] | (15) | (15) | (15) | |
Other comprehensive income | 32 | (91) | 138 | (64) | |
Comprehensive income | $ 1,613 | $ 1,790 | $ 3,754 | $ 3,663 | |
[1] | Represents the net change of the unrealized gain (loss) on available-for-sale securities. Represents unrealized gains (losses) of $80,000, ($153,000), $259,000 and ($83,000), respectively less deferred taxes of $33,000, ($62,000), $106,000 and ($34,000), respectively. | ||||
[2] | Represents the net change of unrecognized loss included in net periodic pension cost. Represents a gross change of $25,000, $0, $25,000, and $25,000, respectively, less deferred taxes of $10,000 $0, $10,000, and $10,000, respectively. The Consolidated Statements of Income line items impacted by these amounts are salaries and employee benefits and income tax provision. |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Consolidated Statements of Comprehensive Income [Abstract] | ||||
Unrealized gains (losses), before tax | $ 80,000 | $ (153,000) | $ 259,000 | $ (83,000) |
Unrealized gains (losses), deferred taxes | 33,000 | (62,000) | 106,000 | (34,000) |
Benefit plans, unrecognized gains (loss), before tax | 25,000 | 0 | 25,000 | 25,000 |
Benefit plans, unrecognized gains (loss), deferred taxes | $ 10,000 | $ 0 | $ 10,000 | $ 10,000 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
Beginning Balance at Dec. 31, 2014 | $ 699 | $ 106,012 | $ 25,983 | $ (29,105) | $ (1,337) | $ 102,252 | |
Proceeds from issuance of Series C preferred | 2,350 | 2,350 | |||||
Stock-based compensation expense | 33 | 33 | |||||
Treasury stock adjustment | 9 | 9 | |||||
Dividends payable on Series A, B and C B 6% noncumulative perpetual preferred stock | (403) | (403) | |||||
Cash dividends on common stock declared | (2,230) | (2,230) | |||||
Dividend reinvestment plan | 122 | (122) | |||||
Stock purchase plan | 2 | 298 | 300 | ||||
Net income | 3,727 | 3,727 | |||||
Other comprehensive income | (64) | (64) | |||||
Ending Balance at Jun. 30, 2015 | 701 | 108,815 | 26,955 | (29,096) | (1,401) | 105,974 | |
Beginning Balance at Dec. 31, 2015 | 879 | $ 135,977 | 27,382 | (29,096) | (1,598) | $ 133,544 | |
Redemption of Series A Preferred Stock | (1,710) | (1,710) | |||||
Stock-based compensation expense | $ 51 | $ 51 | |||||
Dividends payable on Series A, B and C B 6% noncumulative perpetual preferred stock | (468) | (468) | |||||
Cash dividends on common stock declared | (3,008) | (3,008) | |||||
Dividend reinvestment plan | 134 | (134) | |||||
Stock purchase plan | 2 | 141 | 143 | ||||
Net income | 3,616 | 3,616 | |||||
Other comprehensive income | 138 | 138 | |||||
Ending Balance at Jun. 30, 2016 | $ 881 | $ 134,593 | $ 27,388 | $ (29,096) | $ (1,460) | $ 132,306 |
Consolidated Statement of Chan8
Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Consolidated Statement of Changes in Stockholders' Equity [Abstract] | ||
Preferred stock, dividend rate | 6.00% | 6.00% |
Cash dividends declared (per share) | $ 0.14 | $ 0.14 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Cash flows from operating activities: | ||
Net Income | $ 3,616 | $ 3,727 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation of premises and equipment | 1,162 | 1,037 |
Amortization and accretion, net | (964) | (275) |
Provision for loan losses | 226 | 1,850 |
Deferred income tax benefit | (75) | (645) |
Loans originated for sale | (17,309) | (11,950) |
Proceeds from sale of loans originated for sale | 16,370 | 15,401 |
Gain on sales of loans originated for sale | (1,953) | (1,645) |
Fair value adjustment of OREO | (207) | 72 |
Loss on bulk sale of impaired loans held in portfolio | 285 | |
Stock compensation expense | 51 | 33 |
(Increase) in interest receivable | (162) | (472) |
Decrease (Increase) in other assets | 947 | (1,546) |
(Decreased) Increase in accrued interest payable | (1) | 184 |
Increase (decrease) in other liabilities | 775 | (533) |
Net Cash Provided by Operating Activities | 2,761 | 5,238 |
Cash flows from Investing Activities: | ||
Proceeds from calls on securities available for sale | 793 | 688 |
Puchases of securities available for sale | (9,304) | |
Proceeds from sales of other real estate owned | 901 | 1,300 |
Proceeds from bulk sale of impaired loans held | 1,180 | |
Redemption of interest-bearing time deposits | 258 | |
Net increase in loans receivable | (5,930) | (181,747) |
Additions to premises and equipment | (2,548) | (2,646) |
Purchase of Federal Home Loan Bank of New York stock | (305) | (1,881) |
Net Cash Used in Investing Activities | (14,955) | (184,286) |
Cash flows from Financing Activities: | ||
Net increase in deposits | 120,376 | 149,790 |
Proceeds from long-term debt | 67,000 | |
Net change in short-term debt | (24,000) | |
Purchases/adjustments of treasury stock | 9 | |
Cash dividend paid on common stock | (3,008) | (2,230) |
Cash dividend paid on preferred stock | (468) | (403) |
Net proceeds from issuance of common stock | 143 | 300 |
Net proceeds from (redemption)/issuance of preferred stock | (1,710) | 2,350 |
Net Cash Provided By Financing Activities | 115,333 | 192,816 |
Net Increase In Cash and Cash Equivalents | 103,139 | 13,768 |
Cash and Cash Equivalents - Begininng | 132,635 | 32,123 |
Cash and Cash Equivalents - Ending | 235,774 | 45,891 |
Supplemental Cash Flow Information: | ||
Cash paid during the year for: Income taxes | 1,727 | 1,914 |
Cash paid during the year for: Interest | 8,453 | 6,085 |
Non-cash items: | ||
Transfer of loans to other real estate owned | $ 458 | $ 725 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2016 | |
Basis of Presentation | |
Basis of Presentation | Note 1 – Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of BCB Bancorp, Inc. (the “Company”) and the Company’s wholly owned subsidiaries, BCB Community Bank (the “Bank”), BCB Holding Company Investment Company, BCB New York Asset Management, Inc. and Pamrapo Service Corporation. The Company’s business is conducted principally through the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X and, therefore, do not necessarily include all information that would be included in audited financial statements. The information furnished reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of consolidated financial condition and results of operations. All such adjustments are of a normal recurring nature. These results are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2016 or any other future period. The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statement of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the year ended December 31, 2015, which are included in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred between June 30, 2016 , and the date these consolidated financial statements were issued. Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which will supersede the current revenue recognition requirements in Topic 605, Revenue Recognition. The ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 by one year. The new guidance will be effective for public companies for periods beginning after December 15, 2017 with private companies provided a one-year deferral until periods beginning after December 15, 2018. The ASU permits application of the new revenue recognition guidance to be applied using one of two retrospective application methods. The Company has not yet determined which application method it will use or the potential effects of the new standard on the financial statements, if any. The Company is currently assessing the impacts this new standard will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which will supersede the current lease requirements in Topic 840. The ASU requires lessees to recognize a right of use asset and related lease liability for all leases, with a limited exception for short-term leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of income. Currently, leases are classified as either capital or operating, with only capital leases recognized on the balance sheet. The reporting of lease related expenses in the statements of operations and cash flows will be generally consistent with the current guidance. The new guidance will be effective for years beginning after December 15, 2018 for public companies and for years beginning after December 15, 2019 for private companies. Once effective, the standard will be applied using a modified retrospective transition method to the beginning of the earliest period presented. The Company is currently assessing the impacts this new standard will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718). This ASU was issued as part of FASB’s Simplification Initiative. The areas for simplification in this Update include income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows for share-based payment transactions. For public companies, this ASU will be effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For all other entities, the amendments will be effective for annual periods beginning after December 31, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently assessing the impacts this new standard will have on its consolidated financial statements. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses. ASU 2016-13 requires entities to report “expected” credit losses on financial instruments and other commitments to extend credit rather than the current “incurred loss” model. These expected credit losses for financial assets held at the reporting date are to be based on historical experience, current conditions, and reasonable and supportable forecasts. This ASU will also require enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. For public business entities that are U.S. Securities and Exchange Commission filers, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For all other public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The Company is currently evaluating the impact the adoption of ASU 2016-13 will have on its consolidated financial statements and results of operations. |
Reclassification
Reclassification | 6 Months Ended |
Jun. 30, 2016 | |
Reclassification [Abstract] | |
Reclassification | Note 2 – Reclassification Certain amounts as of December 31, 2015 and the three and six month period s ended June 30, 2015 have been reclassified to conform to the current period’s presentation. These changes had no effect on the Company’s results of operations or financial position. |
Pension and Other Postretiremen
Pension and Other Postretirement Plans | 6 Months Ended |
Jun. 30, 2016 | |
Pension and Other Postretirement Plans [Abstract] | |
Pension and Other Postretirement Plans | Note 3 – Pension and Other Postretirement Plans The Company assumed, through the merger with Pamrapo Bancorp, Inc., a non-contributory defined benefit pension plan covering all eligible employees of Pamrapo Savings Bank. Effective January 1, 2010, the defined benefit pension plan (“Pension Plan”), was frozen by Pamrapo Savings Bank. All benefits for eligible participants accrued in the “Pension Plan” to the freeze date have been retained. Accordingly, no employees are permitted to commence participation in the Pension Plan and future salary increases and future years of service are not considered when computing an employee’s benefits under the Pension Plan. The Pension Plan is funded in conformity with the funding requirements of applicable government regulations. The Company also acquired through the merger with Pamrapo Bancorp, Inc. a supplemental executive retirement plan (“SERP”) in which certain former employees of Pamrapo Savings Bank are covered. A SERP is an unfunded non-qualified deferred retirement plan. Participants who retire at the age of 65 ( the “Normal Retirement Age”), are entitled to an annual retirement benefit equal to 75% of compensation reduced by their retirement plan annual benefits. Participants retiring before the Normal Retirement Age receive the same benefits reduced by a percentage based on years of service to the Company and the number of years prior to the Normal Retirement Age that participants retire. Periodic pension and SERP cost, which is recorded as part of salaries and employee benefits expense in our Consolidated Statements of Income, is comprised of the following. (In Thousands): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Pension plan: Interest cost $ 82 $ 96 $ 164 $ 161 Expected return on plan assets (131) (163) (262) (272) Amortization of unrecognized loss 36 27 72 45 Net periodic pension benefit (13) (40) (26) (66) SERP plan: Interest cost $ 3 $ 4 $ 6 $ 6 Net periodic postretirement cost $ 3 $ 4 $ 6 $ 6 Note 3 – Pension and Other Postretirement Plans (Continued) The Company, under the plan approved by its stockholders on April 28, 2011 (“2011 Stock Plan”), authorized the issuance of up to 900,000 shares of common stock of the Company pursuant to grants of stock options. Employees and directors of the Company and the Bank are eligible to participate in the 2011 Stock Plan. All stock options will be granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. On December 2, 2015, a grant of 120,000 options and on March 7, 2014, a grant of 110,000 options was declared for certain members of the Board of Directors which vest at a rate of 10% per year, over ten years commencing on the first anniversary of the grant date. The exercise price was recorded as of the close of business on December 2, 2015 and March 7, 2014, respectively. There were 32,500 and 6,000 stock options granted to employees in the fourth quarters of 2015 and 2014, respectively, which vest at a rate of 20% per year. There was no stock option activity in the six months ended June 30, 2016. Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at December 31, 2015 417,000 $ 8.93 -15.65 $ 10.75 Options granted - - - Options exercised - - - Options forfeited - - - Options expired - - - Outstanding at June 30, 2016 417,000 $ 8.93 -15.65 $ 10.75 As of June 30, 2016, stock options which were granted and were exercisable totaled 75,700 stock options. It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to the 341,300 shares underlying unexercised options outstanding as of June 30, 2016 was $846,070 over a weighted average period of 7.56 years. Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at December 31, 2014 289,720 $ 8.93 -15.65 $ 11.18 Options granted - - - Options exercised - - - Options forfeited - - - Options expired - - - Outstanding at June 30, 2015 289,720 $ 8.93 -15.65 $ 11.18 As of June 30 , 2015, stock options which are granted and were exercisable totaled 74,220 stock options. It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to the unvested options outstanding as of June 30, 2015 was $548 ,758 over a weighted average period of 8.01 years. |
Net Income per Common Share
Net Income per Common Share | 6 Months Ended |
Jun. 30, 2016 | |
Net Income per Common Share [Abstract] | |
Net Income per Common Share | Note 4 – Net Income per Common Share Basic net income per common share is computed by dividing net income less dividends on preferred stock by the weighted average number of shares of common stock outstanding. The diluted net income per common share is computed by adjusting the weighted average number of shares of common stock outstanding to include the effects of outstanding stock options, if dilutive, using the treasury stock method. Dilution is not applicable in periods of net loss. For the three months and six months ended June 30, 2016 and 2015, the difference in the weighted average number of basic and diluted common shares was due solely to the effects of outstanding stock options. No adjustments to net income were necessary in calculating basic and diluted net income per share. For the three months ended June 30, 2016 and 2015 the weighted average number of outstanding options considered to be anti-dilutive were 39,828 and 48,024 respectively, and for the six months ended June 30, 2016 and 2015, the weighted average number of outstanding options considered to be anti-dilutive were 37,332 and 127,000 , respectively. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations: For the Three Months Ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, Except per share data) Net income available to common stockholders $ 1,347 $ 1,680 Basic earnings per share- Income available to Common stockholders $ 1,347 11,229 $ 0.12 $ 1,680 8,421 $ 0.20 Effect of dilutive securities: Stock options - 4 - 26 Diluted earnings per share- Income available to Common stockholders $ 1,347 11,233 $ 0.12 $ 1,680 8,447 $ 0.20 For the Six Months Ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, Except per share data) Net income available to common stockholders $ 3,148 $ 3,324 Basic earnings per share- Income available to Common stockholders $ 3,148 11,223 $ 0.28 $ 3,324 8,410 $ 0.40 Effect of dilutive securities: Stock options - 3 - 24 Diluted earnings per share- Income available to Common stockholders $ 3,148 11,226 $ 0.28 $ 3,324 8,434 $ 0.39 |
Securities Available for Sale
Securities Available for Sale | 6 Months Ended |
Jun. 30, 2016 | |
Securities Available for Sale [Abstract] | |
Securities Available for Sale | Note 5 – Securities Available for Sale The following tables present by maturity the amortized cost, gross unrealized gains and losses on, and fair value of, securities available for sale as of June 30 , 2016 and December 31, 2015: June 30, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 4,360 $ 103 $ 11 $ 4,452 Due after ten years 13,779 144 10 13,913 $ 18,139 $ 247 $ 21 $ 18,365 December 31, 2015 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 3,418 $ 13 $ 73 $ 3,358 Due after ten years 6,238 89 62 6,265 $ 9,656 $ 102 $ 135 $ 9,623 The unrealized losses, categorized by the length of time of continuous loss position, and fair value of related securities available for sale were as follows: Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) June 30, 2016 Residential mortgage-backed securities $ - $ - $ 3,754 $ 21 $ 3,754 $ 21 $ - $ - $ 3,754 $ 21 $ 3,754 $ 21 December 31, 2015 Residential mortgage-backed securities $ 1,163 $ 4 $ 3,686 $ 131 $ 4,849 $ 135 $ 1,163 $ 4 $ 3,686 $ 131 $ 4,849 $ 135 Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) whether the Company intends to sell the security or more likely than not will be required to sell the security before its anticipated recovery. At June 30, 2016 and December 31, 2015 , management performed an assessment for possible OTTI of the Company’s residential mortgage-backed securities on an issue-by-issue basis, relying on information obtained from various sources, including publicly available financial data, ratings by external agencies, brokers and other sources. The extent of individual analysis applied to each security depended on the size of the Company’s investment, as well as management’s perception of the credit risk associated with each security. Based on the results of the assessment, management believes impairment of these residential mortgage-backed securities, at June 30, 2016 and December 31, 2015 to be temporary. |
Loans Receivable and Allowance
Loans Receivable and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2016 | |
Loans Receivable and Allowance for Loan Losses [Abstract] | |
Loans Receivable and Allowance for Loan Losses | Note 6 - Loans Receivable and Allowance for Loan Losses The following table presents the recorded investment in loans receivable as of June 30, 2016 and December 31, 2015 by segment and class: June 30, 2016 December 31, 2015 (In Thousands) Originated loans: Residential one-to-four family $ 119,329 $ 117,165 Commercial and multi-family 1,008,498 982,828 Construction 71,770 64,008 Commercial business (1) 57,500 70,340 Home equity (2) 31,609 31,237 Consumer 1,703 2,365 Sub-total 1,290,409 1,267,943 Acquired loans recorded at fair value: Residential one-to-four family 62,309 67,587 Commercial and multi-family 68,767 79,308 Construction - - Commercial business (1) 4,903 4,281 Home equity (2) 16,580 18,851 Consumer 240 263 Sub-total 152,799 170,290 Acquired loans with deteriorated credit: Residential one-to-four family 1,458 1,474 Commercial and multi-family 764 669 Construction - - Commercial business (1) - 167 Home equity (2) - 71 Consumer - - Sub-total 2,222 2,381 Total Loans 1,445,430 1,440,614 Less: Deferred loan fees, net (2,201) (2,454) Allowance for loan losses (18,338) (18,042) (20,539) (20,496) Total Loans, net $ 1,424,891 $ 1,420,118 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) Allowance for Loan Losses Management reviews the adequacy of the allowance on at least a quarterly basis to ensure that the provision for loan losses has been charged against earnings in an amount necessary to maintain the allowance at a level that is adequate based on management’s assessment of probable estimated losses. The Company’s methodology for assessing the adequacy of the allowance for loan losses consists of several key elements. These elements include a general allocated reserve for performing impaired loans, a specific reserve for impaired loans and an unallocated portion. The Company consistently applies the following comprehensive methodology. During the quarterly review of the allowance for loan losses, the Company considers a variety of qualitative factors that include: · General economic conditions. · Trends in charge-offs. · Trends and levels of delinquent loans. · Trends and levels of non-performing loans, including loans over 90 days delinquent. · Trends in volume and terms of loans. · Levels of allowance for specific classified loans. · Credit concentrations. The methodology includes the segregation of the loan portfolio into two divisions. Loans that are performing and loans that are impaired. Loans which are performing are evaluated homogeneously by loan class or loan type. The allowance for performing loans is evaluated based on historical loan loss experience, including consideration of peer loss analysis, with an adjustment for qualitative factors referred to above. Impaired loans are loans which are more than 90 days delinquent, troubled debt restructured, or contractual principal and interest collections are not expected to be received. These loans are individually evaluated for loan loss either by current appraisal, or net present value of cash flows, and assigned a specific reserve when it is probable that we will be unable to collect all amounts due (interest and principal) in accordance with the contractual terms of the loan agreement. Management reviews the overall estimate for feasibility and bases the loan loss provision accordingly. The loan portfolio is segmented into the following loan classes, where the risk level for each class is analyzed when determining the allowance for loan losses: Residential one-to-four family real estate loans. These loans involve certain risks such as interest rate risk and risk of non-repayment. Adjustable-rate residential family real estate loans decreases the interest rate risk to the Company that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default. At the same time, the marketability of the underlying property may be adversely affected by higher interest rates. Repayment risk may be affected by a number of factors including, but not necessarily limited to, job loss, divorce, illness and personal bankruptcy of the borrower. Commercial and multi-family real estate loans. These loans entail significant additional risks as compared with residential real estate loans. Such loans typically involve large loan balances to single borrowers or groups of related borrowers. The payment experience on such loans is typically dependent on the successful operation of the real estate project. The success of such projects is sensitive to changes in supply and demand conditions in the market for commercial real estate as well as economic conditions generally. Construction loans. These loans are generally considered to be high risk due to the concentration of principal in a limited number of loans and borrowers and the effects of the general economic conditions on developers and builders. Moreover, a construction loan can involve additional risks because of the inherent difficulty in estimating both a property’s value at completion of the project and the estimated cost (including interest) of the project. The nature of these loans is such that they are generally difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not necessarily pre-sold and thus pose a greater potential risk to the Company than construction loans to individuals on their personal residence. Commercial business loans. These types of loans which include lines of credit, are generally considered higher risk due to the concentration of principal in a limited number of loans and borrowers and the effects of general economic conditions on the business. Commercial business loans are primarily secured by inventories and other business assets. In most cases, any repossessed collateral for a defaulted commercial business loans will not provide an adequate source of repayment of the outstanding loan balance. Home Equity Loans. Home equity lending entails certain risks such as interest rate risk and risk of non-repayment. The marketability of the underlying property may be adversely affected by higher interest rates, decreasing the collateral securing the loan. Repayment risk can be affected by job loss, divorce, illness and personal bankruptcy of the borrower. Home equity line of credit lending entails securing an equity interest in the borrower’s home. In many cases, the Company’s position in these loans is as a junior lien holder to another institution’s superior lien. This type of lending is often priced on an adjustable rate basis with the rate set at or above a predefined index. Adjustable-rate loans decreases the interest rate risk to the Company that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default. Other consumer loans. Other consumer loans generally have more credit risk because of the type and nature of the collateral and, in certain cases, the absence of collateral. Consumer loans generally have shorter terms and higher interest rates than other lending. In addition, consumer lending collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be adversely effected by job loss, divorce, illness and personal bankruptcy. In most cases, any repossessed collateral for a defaulted consumer loan will not provide an adequate source of repayment of the outstanding loan. Acquired loans. For acquired loans that have been added to portfolio via our purchase of banks are recorded at fair value with no carryover of a related allowance for loan losses. Determining the fair value of the loans involves estimating the amount and timing of principal and interest cash flows expected to be collected on the loans and discounting those cash flows at a market rate of interest. We have acquired loans in two separate acquisitions.( Pamrapo Savings Bank in 2010 “Pamrapo” and Allegiance Community Bank in 2011 “Allegiance”) For each acquisition, we reviewed all acquired loans and considered the following factors as indicators that such acquired loan had evidence of deterioration in credit quality and was therefore in the scope of Accounting Standards Codification (“ASC”) 310-30: Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) · Loans that were 90 days or more past due, · Loans that had an internal risk rating of substandard or worse. Substandard is consistent with regulatory definitions and is defined as having a well defined weakness that jeopardizes liquidation of the loan, · Loans that were classified as nonaccrual by the acquired bank at the time of acquisition, or, · Loans that had been previously modified in a troubled debt restructuring. Any acquired loans that were not individually in the scope of ASC 310-30 because they did not meet the criteria above were accounted for under ASC 310-20 (Nonrefundable fees and other costs.) Charge-offs of the principal amount on acquired loans accounted for under ASC 310-20 would be charged off against the allowance for loan losses. Acquired loans accounted for under ASC 310-30 We performed a fair market valuation on each of the loans and each loan was recorded at a discount which includes the establishment of an associated “Credit Mark” reducing the carrying value of that loan to its fair value at the time of acquisition. We determined that at least part of the discount on the acquired loans was attributable to credit quality by reference to the valuation model used to estimate the fair value of the loans. The valuation model incorporated lifetime expected credit losses into the loans’ fair valuation in consideration of factors such as evidence of credit deterioration since origination and the amounts of contractually required principal and interest that we did not expect to collect as of the acquisition date. The excess of expected cash flows from acquired loans over the estimated fair value of acquired loans at acquisition is referred to as the accretable discount and is recognized into interest income over the remaining life of the acquired loans using the interest method. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the acquired loans. Subsequent decreases to the expected cash flows require us to evaluate the need for an addition to the allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which we then reclassify as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. Our evaluation of the amount of future cash flows that we expect to collect takes into account actual credit performance of the acquired loans to date and our best estimates for the expected lifetime credit performance of the loans using currently available information. Charge-offs of the principal amount on acquired loans would be first applied to the nonaccretable discount portion of the fair value adjustment. To the extent that we experience a deterioration in credit quality in our expected cash flows subsequent to the acquisition of the loans, an allowance for loan losses would be established based on our estimate of future credit losses over the remaining life of the loans. In accordance with ASC 310-30, recognition of income is dependent on having a reasonable expectation about the timing and amount of cash flows expected to be collected. We perform such an evaluation on a quarterly basis on our acquired loans individually accounted for under ASC 310-30. Cash flows for acquired loans individually accounted for under ASC 310-30 are estimated on a quarterly basis. Based on this evaluation, a determination is made as to whether or not we have a reasonable expectation about the timing and amount of cash flows. Such an expectation includes cash flows from normal customer repayment, foreclosure or other collection efforts. To the extent that we cannot reasonably estimate cash flows, interest income recognition is discontinued. The Company also maintains an unallocated allowance. The unallocated allowance is used to cover any factors or conditions which may cause a potential loan loss but are not specifically identifiable. It is prudent to maintain an unallocated portion of the allowance because no matter how detailed an analysis of potential loan losses is performed, these estimates lack some element of precision. Management must make estimates using assumptions and information that is often subjective and changing rapidly. In addition, as an integral part of their examination process, the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance will periodically review the allowance for loan losses and may require us to adjust the allowance based on their analysis of information available to it at the time of its examination. Classified Assets . The Company’s policies provide for a classification system for problem assets. Under this classification system, problem assets are classified as “substandard,” “doubtful,” “loss” or “special mention.” An asset is considered substandard if it is inadequately protected by its current net worth and paying capacity of the borrower or of the collateral pledged, if any. Substandard assets include those characterized by the “distinct possibility” that “some loss” will be sustained if the deficiencies are not corrected. Assets classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weakness present makes “collection or liquidation in full” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Assets classified as loss are those considered “uncollectible” and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted, and the loan, or a portion thereof, is charged-off. Assets may be designated special mention because of potential weaknesses that do not currently warrant classification in one of the aforementioned categories. When the Company classifies problem loans, it may establish general allowances for loan losses in an amount deemed prudent by management. General allowances represent loss allowances which have been established to recognize the inherent risk associated with lending activities, but which, unlike specific allowances, have not been allocated to particular problem assets. A portion of general loss allowances established to cover possible losses related to assets classified as substandard or doubtful may be included in determining our regulatory capital. Specific valuation allowances for loan losses generally do not qualify as regulatory capital. As of June 30, 2016 , we had $ 3 3 . 6 million in loans classified as substandard, $ 17 . 7 million in loans classified as special mention and no loans classified as doubtful or loss . The loans classified as substandard represent primarily commercial loans secured either by residential real estate, commercial real estate or heavy equipment. The loans that have been classified substandard were classified as such primarily because either updated financial information has not been provided timely, or the collateral underlying the loan was in the process of being revalued. The current methodology for this calculation is determined with the Company’s specific Historical Loss Percentage (“HLP”) for each loan class, using two years of prior Company data (or eight quarters). The relative weights of prior quarters are decayed logarithmically and are further adjusted based on the trend of the historical loss percentage at the time. Also, instead of applying consistent percentages to each of the credit risk grades, the current methodology applies a higher factor to classified loans based on a delinquency risk trend and concentration risk trend by using the past due and non-accrual loans as a percentage of the specific loan category. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended June 30, 2016. The table also details the amount of total loans receivable, loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of June 30, 2016. (In Thousands): Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for loan losses: Originated Loans: $ 2,238 $ 11,575 $ 833 $ 1,662 $ 342 $ 925 $ 264 $ 17,839 Acquired loans recorded at fair value: 208 10 - - 44 - - 262 Acquired loans with deteriorated credit: 47 13 - 4 3 - - 67 Beginning Balance, March 31, 2016 2,493 11,598 833 1,666 389 925 264 18,168 Charge-offs: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - - - - - Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - - - - - - - - Recoveries: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - 3 - - 3 Acquired loans with deteriorated credit: - - - 130 - - - 130 Sub-total: - - - 130 3 - - 133 Provisions: Originated Loans: (243) 155 (69) 97 33 104 (48) 29 Acquired loans recorded at fair value: 149 (10) - - 9 - - 148 Acquired loans with deteriorated credit: (4) 1 - (134) (3) - - (140) Sub-total: (98) 146 (69) (37) 39 104 (48) 37 Totals: Originated Loans: 1,995 11,730 764 1,759 375 1,029 216 17,868 Acquired loans recorded at fair value: 357 - - - 56 - - 413 Acquired loans with deteriorated credit: 43 14 - - - - - 57 Ending Balance, June 30, 2016 $ 2,395 $ 11,744 $ 764 $ 1,759 $ 431 $ 1,029 $ 216 $ 18,338 Loans Receivable: Ending Balance Originated Loans: $ 119,329 $ 1,008,498 $ 71,770 $ 57,500 $ 31,609 $ 1,703 $ - $ 1,290,409 Ending Balance Acquired loans recorded at fair value: 62,309 68,767 - 4,903 16,580 240 - 152,799 Ending Balance Acquired loans with deteriorated credit: 1,458 764 - - - - - 2,222 Total Gross Loans: $ 183,096 $ 1,078,029 $ 71,770 $ 62,403 $ 48,189 $ 1,943 $ - $ 1,445,430 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,356 $ 14,512 $ - $ 3,798 $ 1,126 $ 1,263 $ - $ 31,055 Ending Balance Acquired loans recorded at fair value: 8,751 6,281 - - 1,276 - - 16,308 Ending Balance Acquired loans with deteriorated credit: 1,458 528 - - - - - 1,986 Ending Balance Loans individually evaluated for impairment: $ 20,565 $ 21,321 $ - $ 3,798 $ 2,402 $ 1,263 $ - $ 49,349 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 108,973 $ 993,986 $ 71,770 $ 53,702 $ 30,483 $ 440 $ - $ 1,259,354 Ending Balance Acquired loans recorded at fair value: 53,558 62,486 - 4,903 15,304 240 - 136,491 Ending Balance Acquired loans with deteriorated credit: - 236 - - - - - 236 Ending Balance Loans collectively evaluated for impairment: $ 162,531 $ 1,056,708 $ 71,770 $ 58,605 $ 45,787 $ 680 $ - $ 1,396,081 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the six months ended June 30, 2016, and the related portion of the allowance for loan losses that is allocated to each loan class (in thousands): Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for loan losses: Originated Loans: $ 2,107 $ 11,643 $ 722 $ 1,749 $ 369 $ 879 $ 168 $ 17,637 Acquired loans recorded at fair value: 270 17 - - 50 - - 337 Acquired loans with deteriorated credit: 47 14 - 4 3 - - 68 Beginning Balance, December 31, 2015 2,424 11,674 722 1,753 422 879 168 18,042 Charge-offs: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: 67 - - 3 3 - - 73 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: 67 - - 3 3 - - 73 Recoveries: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - 14 - - 14 Acquired loans with deteriorated credit: - - - 129 - - - 129 Sub-total: - - - 129 14 - - 143 Provisions: Originated Loans: (112) 87 42 10 6 150 48 231 Acquired loans recorded at fair value: 154 (17) - 3 (5) - - 135 Acquired loans with deteriorated credit: (4) - - (133) (3) - - (140) Sub-total: 38 70 42 (120) (2) 150 48 226 Totals: Originated Loans: 1,995 11,730 764 1,759 375 1,029 216 17,868 Acquired loans recorded at fair value: 357 - - - 56 - - 413 Acquired loans with deteriorated credit: 43 14 - - - - - 57 Ending Balance, June 30, 2016 $ 2,395 $ 11,744 $ 764 $ 1,759 $ 431 $ 1,029 $ 216 $ 18,338 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the year ended December 31, 2015. The table also details the amount of total loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of December 31, 2015. (In Thousands): ____ Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for credit losses: Originated Loans: $ 2,364 $ 10,028 $ 1,080 $ 876 $ 333 $ 449 $ 121 $ 15,251 Acquired loans recorded at fair value: 417 102 - - 58 - - 577 Acquired loans with deteriorated credit: 64 23 - 233 3 - - 323 Beginning Balance, December 31, 2014 2,845 10,153 1,080 1,109 394 449 121 16,151 Charge-offs: Originated Loans: - 10 - 80 - - - 90 Acquired loans recorded at fair value: 67 - - - 106 - - 173 Acquired loans with deteriorated credit: - - - 199 - - - 199 Sub-total: 67 10 - 279 106 - - 462 Recoveries: Originated Loans: - 70 - - - - - 70 Acquired loans recorded at fair value: - - - - 3 - - 3 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - 70 - - 3 - - 73 Provisions: Originated Loans: (257) 1,555 (358) 953 36 430 47 2,406 Acquired loans recorded at fair value: (80) (85) - - 95 - - (70) Acquired loans with deteriorated credit: (17) (9) - (30) - - - (56) Sub-total: (354) 1,461 (358) 923 131 430 47 2,280 Totals: Originated Loans: 2,107 11,643 722 1,749 369 879 168 17,637 Acquired loans recorded at fair value: 270 17 - - 50 - - 337 Acquired loans with deteriorated credit: 47 14 - 4 3 - - 68 Ending Balance, December 31, 2015 $ 2,424 $ 11,674 $ 722 $ 1,753 $ 422 $ 879 $ 168 $ 18,042 Loans Receivables: Ending Balance Originated Loans: $ 117,165 $ 982,828 $ 64,008 $ 70,340 $ 31,237 $ 2,365 $ - $ 1,267,943 Ending Balance Acquired Loans: 67,587 79,308 - 4,281 18,851 263 - 170,290 Ending Balance Acquired loans with deteriorated credit: 1,474 669 - 167 71 - - 2,381 Total Gross Loans: $ 186,226 $ 1,062,805 $ 64,008 $ 74,788 $ 50,159 $ 2,628 $ - $ 1,440,614 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 9,120 $ 14,681 $ - $ 4,203 $ 1,456 $ 1,463 $ - $ 30,923 Ending Balance Acquired Loans: 9,885 6,775 - - 1,363 - - 18,023 Ending Balance Acquired loans with deteriorated credit: 1,474 426 - 167 71 - - 2,138 Ending Balance Loans individually evaluated for impairment: $ 20,479 $ 21,882 $ - $ 4,370 $ 2,890 $ 1,463 $ - $ 51,084 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 108,045 $ 968,147 $ 64,008 $ 66,137 $ 29,781 $ 902 $ - $ 1,237,020 Ending Balance Acquired Loans: 57,702 72,533 - 4,281 17,488 263 - 152,267 Ending Balance Acquired loans with deteriorated credit: - 243 - - - - - 243 Ending Balance Loans collectively evaluated for impairment: $ 165,747 $ 1,040,923 $ 64,008 $ 70,418 $ 47,269 $ 1,165 $ - $ 1,389,530 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended June 30, 2015. The table also details the amount of total loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of June 30, 2015 (In Thousands): Residential Commercial & Multi-family Construction Business (1) Equity (2) Consumer Unallocated Total Allowance for credit losses: Originated Loans: $ 2,310 $ 10,387 $ 1,056 $ 1,242 $ 316 $ 629 $ 168 $ 16,108 Acquired loans recorded at fair value: 336 141 - - 46 - - 523 Acquired loans with deteriorated credit: 60 23 - 11 3 - - 97 Beginning Balance, March 31, 2015 2,706 10,551 1,056 1,253 365 629 168 16,728 Charge-offs: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: 58 - - - 68 - - 126 Acquired loans with deteriorated credit: - - - 27 - - - 27 Sub-total: 58 - - 27 68 - - 153 Recoveries: Originated Loans: - 6 - - - - - 6 Acquired loans recorded at fair value: - - - - 1 - - 1 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - 6 - - 1 - - 7 Provisions: Originated Loans: (142) 1,053 80 150 2 93 (5) 1,231 Acquired loans recorded at fair value: (98) (66) - - 52 - - (112) Acquired loans with deteriorated credit: (6) (3) - 20 - - - 11 Sub-total: (246) 984 80 170 54 93 (5) 1,130 Totals: Originated Loans: 2,168 11,446 1,136 1,392 318 722 163 17,345 Acquired loans recorded at fair value: 180 75 - - 31 - - 286 Acquired loans with deteriorated credit: 54 20 - 4 3 - - 81 Ending Balance, June 30, 2015 $ 2,402 $ 11,541 $ 1,136 $ 1,396 $ 352 $ 722 $ 163 $ 17,712 Loans Receivable: Ending Balance Originated Loans: $ 134,794 $ 894,239 $ 86,751 $ 67,661 $ 31,748 $ 1,862 $ - $ 1,217,055 Ending Balance Acquired loans recorded at fair value: 75,137 88,328 - 4,566 20,713 605 - 189,349 Ending Balance Acquired loans with deteriorated credit: 1,579 1,119 - 167 77 - - 2,942 Total Gross Loans: $ 211,510 $ 983,686 $ 86,751 $ 72,394 $ 52,538 $ 2,467 $ - $ 1,409,346 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,245 $ 11,643 $ - $ 4,847 $ 1,396 $ 1,463 $ - $ 29,594 Ending Balance Acquired loans recorded at fair value: 10,344 6,989 - - 960 - - 18,293 Ending Balance Acquired loans with deteriorated credit: 1,579 871 - 167 77 - - 2,694 Ending Balance Loans individually evaluated for impairment: $ 22,168 $ 19,503 $ - $ 5,014 $ 2,433 $ 1,463 $ - $ 50,581 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 124,549 $ 882,596 $ 86,751 $ 62,814 $ 30,352 $ 399 $ - $ 1,187,461 Ending Balance Acquired loans recorded at fair value: 64,793 81,339 - 4,566 19,753 605 - 171,056 Ending Balance Acquired loans with deteriorated credit: - 248 - - - - - 248 Ending Balance Loans collectively evaluated for impairment: $ 189,342 $ 964,183 $ 86,751 $ 67,380 $ 50,105 $ 1,004 $ - $ 1,358,765 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. _______ Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the six months ended June 30, 2015, and the related portion of the allowance for loan losses that is allocated to each loan class (in thousands): Commercial Home Residential Commercial & Multi-family Construction Business (1) Equity (2) Consumer Unallocated Total Allowance for credit losses: Originated Loans: $ 2,364 $ 10,028 $ 1,080 $ 876 $ 333 $ 449 $ 121 $ 15,251 Acquired loans recorded at fair value: 417 102 - - 58 - - 577 Acquired loans with deteriorated credit: 64 23 - 233 3 - - 323 Beginning Balance, December 31, 2014 2,845 10,153 1,080 1,109 394 449 121 16,151 Charge-offs: Originated Loans: - 10 - 22 - - - - 32 Acquired loans recorded at fair value: 62 - - - 68 - - - 130 Acquired loans with deteriorated credit: - - - 199 - - - - 199 Sub-total: 62 10 - 221 68 - - 361 Recoveries: Originated Loans: - 70 - - - - - 70 Acquired loans recorded at fair value: - - - - 2 - - 2 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - 70 - - 2 - - 72 Provisions: Originated Loans: (196) 1,358 56 538 (15) 273 42 2,056 Acquired loans recorded at fair value: (175) (27) - - 39 - - (163) Acquired loans with deteriorated credit: (10) (3) - (30) - - - (43) Sub-total: (381) 1,328 56 508 24 273 42 1,850 Totals: Originated Loans: 2,168 11,446 1,136 1,392 318 722 163 17,345 Acquired loans recorded at fair value: 180 75 - - 31 - - 286 Acquired loans with deteriorated credit: 54 20 - 4 3 - - 81 Ending Balance, June 30, 2015 $ 2,402 $ 11,541 $ 1,136 $ 1,396 $ 352 $ 722 $ 163 $ 17,712 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The table below sets forth the amounts and types of non-accrual loans in the Company’s loan portfolio as of June 30, 2016 and December 31, 2015. Loans are placed on non-accrual status when they become more than 90 days delinquent, or when the collection of principal and/or interest become doubtful. As of June 30, 2016 and December 31, 2015, total non-accrual loans differed from the amount of total loans past due greater than 90 days due to troubled debt restructuring of loans which are maintained on non-accrual status for a minimum of six months and until the borrower has demonstrated its ability to satisfy the terms of the restructured loan. As of June 30, 2016 As of December 31, 2015 (In Thousands) (In Thousands) Non-Accruing Loans: Originated loans: Residential one-to-four family $ 3,389 $ 2,603 Commercial and multi-family 9,609 9,782 Construction - - Commercial business (1) 638 718 Home equity (2) 407 777 Consumer - - Sub-total: $ 14,043 $ 13,880 Acquired loans recorded at fair value: Residential one-to-four family $ 4,940 $ 5,592 Commercial and multi-family 1,417 3,025 Construction - - Commercial business (1) - - Home equity (2) 667 665 Consumer - - Sub-total: $ 7,024 $ 9,282 Acquired loans with deteriorated credit: Residential one-to-four family $ - $ - Commercial and multi-family - - Construction - - Commercial business (1) - 167 Home equity (2) - 118 Consumer - - Sub-total: $ - $ 285 Total $ 21,067 $ 23,447 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6-Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the average recorded investment and interest income recognized on impaired loans with no related allowance recorded by portfolio class for the three and six months ended June 30, 2016 and 2015. (In Thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2016 2015 2015 2016 2016 2015 2015 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Originated loans Investment Recognized Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded: Residential one-to-four family $ 4,085 $ 23 $ 2,582 $ 26 $ 3,938 $ 47 $ 2,987 $ 51 Com |
Fair Values of Financial Instru
Fair Values of Financial Instruments | 6 Months Ended |
Jun. 30, 2016 | |
Fair Values of Financial Instruments [Abstract] | |
Fair Values of Financial Instruments | Note 7 – Fair Values of Financial Instruments Guidance on fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 : Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 : Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3 : Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The only assets or liabilities that the Company measured at fair value on a recurring basis were as follows. (In Thousands): (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of June 30, 2016 Securities available for sale — Residential Mortgage Backed Securities $ 18,365 $ $ 18,365 $ As of December 31, 2015: Securities available for sale — Residential mortgage-backed securities $ 9,623 $ - $ 9,623 $ - The Company’s policy is to recognize transfers between levels as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers of assets or liabilities into or out of Level 1, Level 2, or Level 3 of the fair value hierarchy during the six months ended June 30 , 2016 and 2015. The only assets or liabilities that the Company measured at fair value on a nonrecurring basis were as follows. (In Thousands): (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of June 30, 2016 Impaired Loans $ 14,483 $ $ $ 14,483 Other real estate owned $ 1,328 $ $ $ 1,328 As of December 31, 2015: Impaired Loans $ 15,239 $ - $ - $ 15,239 Other real estate owned $ 1,564 $ - $ - $ 1,564 Note 7 – Fair Values of Financial Instruments (Continued) The following tables present additional quantitative information as of June 30 , 2016 and December 31, 2015 about assets measured at fair value on a nonrecurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value. (Dollars in thousands): Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Range Estimate Techniques Input June 30, 2016: Impaired Loans $ 14,483 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 1,328 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Fair Value Valuation Unobservable Range Estimate Techniques Input December 31, 2015: Impaired Loans $ 15,239 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 1,564 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments as of June 30 , 2016 and December 31, 2015. Cash and Cash Equivalents and Interest-Earning Time Deposits (Carried at Cost) The carrying amounts reported in the consolidated statements of financial condition for cash and short-term instruments approximate those assets’ fair values. Securities The fair value of securities available for sale (carried at fair value) are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Loans Held for Sale (Carried at Lower of Cost or Fair Value) The fair value of loans held for sale is determined, when possible, using quoted secondary-market prices. If no such quoted prices exist, the fair value of a loan is determined using quoted prices for a similar loan or loans, adjusted for specific attributes of that loan. Loans held for sale are carried at their cost as of June 30 , 2016 and December 31, 2015 . Loans Receivable (Carried at Cost) The fair value of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Note 7 – Fair Values of Financial Instruments (Continued) Impaired Loans (Generally Carried at Fair Value) A loan is impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or as a practical expedient, at the loans observable market price or the fair value of the collateral if the loan is collateral dependent. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value at June 30 , 2016 and December 31, 2015 consisted of the loan balances of $ 19.8 million and $19.0 million, net of a valuation allowance of $3.80 million and $3.79 million, respectively. Real Estate Owned (Generally Carried at Fair Value) Real Estate Owned is generally carried at fair value, when the carrying value is written down to fair value, which is determined based upon independent third-party appraisals of the properties, or based upon the expected proceeds from a pending sale. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. FHLB of New York Stock (Carried at Cost) The carrying amount of restricted investment in bank stock approximates fair value, and considers the limited marketability of such securities. Interest Receivable and Payable (Carried at Cost) The carrying amount of interest receivable and interest payable approximates its fair value. Deposits (Carried at Cost) The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Long-Term Debt (Carried at Cost) Fair values of long-term debt are estimated using discounted cash flow analysis, based on quoted prices for new long-term debt with similar credit risk characteristics, terms and remaining maturity. These prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Off-Balance Sheet Financial Instruments Fair values for the Company’s off-balance sheet financial instruments (lending commitments and unused lines of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties’ credit standing. The fair value of these commitments was deemed immaterial and is not presented in the accompanying table. Note 7 – Fair Values of Financial Instruments (Continued) The carrying values and estimated fair values of financial instruments were as follows as of June 30 , 2016 and December 31, 2015: As of June 30, 2016 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 15,277 $ 15,277 $ 15,277 $ $ Interest-earning time deposits 220,497 220,497 220,497 Securities available for sale 18,365 18,365 18,365 Loans held for sale 4,875 4,891 4,891 Loans receivable, net 1,424,891 1,469,691 1,469,691 FHLB of New York stock, at cost 11,016 11,016 11,016 Accrued interest receivable 5,757 5,757 5,757 Financial liabilities: Deposits 1,394,305 1,399,010 770,278 628,732 Borrowings 200,000 204,009 204,009 Subordinated debentures 4,124 4,207 4,207 Accrued interest payable 1,052 1,052 1,052 As of December 31, 2015 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 132,635 $ 132,635 $ 132,635 $ - $ - Interest-earning time deposits 1,238 1,238 1,238 - - Securities available for sale 9,623 9,623 - 9,623 - Loans held for sale 1,983 2,004 - 2,004 - Loans receivable, net 1,420,118 1,443,739 - - 1,443,739 FHLB of New York stock, at cost 10,711 10,711 - 10,711 - Accrued interest receivable 5,595 5,595 - 5,595 - Financial liabilities: Deposits 1,273,929 1,270,267 653,763 616,504 - Borrowings 200,000 202,948 - 202,948 - Subordinated debentures 4,124 4,185 - 4,185 - Accrued interest payable 1,053 1,053 - 1,053 - |
Pension and Other Postretirem17
Pension and Other Postretirement Plans (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Pension and Other Postretirement Plans [Abstract] | |
Schedule Of Periodic Pension And SERP Cost | Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Pension plan: Interest cost $ 82 $ 96 $ 164 $ 161 Expected return on plan assets (131) (163) (262) (272) Amortization of unrecognized loss 36 27 72 45 Net periodic pension benefit (13) (40) (26) (66) SERP plan: Interest cost $ 3 $ 4 $ 6 $ 6 Net periodic postretirement cost $ 3 $ 4 $ 6 $ 6 |
Summary of Stock Option Activity | Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at December 31, 2015 417,000 $ 8.93-15.65 $ 10.75 Options granted - - - Options exercised - - - Options forfeited - - - Options expired - - - Outstanding at June 30, 2016 417,000 $ 8.93-15.65 $ 10.75 Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at December 31, 2014 289,720 $ 8.93-15.65 $ 11.18 Options granted - - - Options exercised - - - Options forfeited - - - Options expired - - - Outstanding at June 30, 2015 289,720 $ 8.93.15.65 $ 11.18 |
Net Income per Common Share (Ta
Net Income per Common Share (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Net Income per Common Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | For the Three Months Ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, Except per share data) Net income available to common stockholders $ 1,347 $ 1,680 Basic earnings per share- Income available to Common stockholders $ 1,347 11,229 $ 0.12 $ 1,680 8,421 $ 0.20 Effect of dilutive securities: Stock options - 4 - 26 Diluted earnings per share- Income available to Common stockholders $ 1,347 11,233 $ 0.12 $ 1,680 8,447 $ 0.20 For the Six Months Ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount (In Thousands, Except per share data) Net income available to common stockholders $ 3,148 $ 3,324 Basic earnings per share- Income available to Common stockholders $ 3,148 11,223 $ 0.28 $ 3,324 8,410 $ 0.40 Effect of dilutive securities: Stock options - 3 - 24 Diluted earnings per share- Income available to Common stockholders $ 3,148 11,226 $ 0.28 $ 3,324 8,434 $ 0.39 |
Securities Available for Sale (
Securities Available for Sale (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Securities Available for Sale [Abstract] | |
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale | June 30, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 4,360 $ 103 $ 11 $ 4,452 Due after ten years 13,779 144 10 13,913 $ 18,139 $ 247 $ 21 $ 18,365 December 31, 2015 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 3,418 $ 13 $ 73 $ 3,358 Due after ten years 6,238 89 62 6,265 $ 9,656 $ 102 $ 135 $ 9,623 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) June 30, 2016 Residential mortgage-backed securities $ - $ - $ 3,754 $ 21 $ 3,754 $ 21 $ - $ - $ 3,754 $ 21 $ 3,754 $ 21 December 31, 2015 Residential mortgage-backed securities $ 1,163 $ 4 $ 3,686 $ 131 $ 4,849 $ 135 $ 1,163 $ 4 $ 3,686 $ 131 $ 4,849 $ 135 |
Loans Receivable and Allowanc20
Loans Receivable and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Loans Receivable and Allowance for Loan Losses [Abstract] | |
Recorded Investments in Loans Receivable | The following table presents the recorded investment in loans receivable as of June 30, 2016 and December 31, 2015 by segment and class: June 30, 2016 December 31, 2015 (In Thousands) Originated loans: Residential one-to-four family $ 119,329 $ 117,165 Commercial and multi-family 1,008,498 982,828 Construction 71,770 64,008 Commercial business (1) 57,500 70,340 Home equity (2) 31,609 31,237 Consumer 1,703 2,365 Sub-total 1,290,409 1,267,943 Acquired loans recorded at fair value: Residential one-to-four family 62,309 67,587 Commercial and multi-family 68,767 79,308 Construction - - Commercial business (1) 4,903 4,281 Home equity (2) 16,580 18,851 Consumer 240 263 Sub-total 152,799 170,290 Acquired loans with deteriorated credit: Residential one-to-four family 1,458 1,474 Commercial and multi-family 764 669 Construction - - Commercial business (1) - 167 Home equity (2) - 71 Consumer - - Sub-total 2,222 2,381 Total Loans 1,445,430 1,440,614 Less: Deferred loan fees, net (2,201) (2,454) Allowance for loan losses (18,338) (18,042) (20,539) (20,496) Total Loans, net $ 1,424,891 $ 1,420,118 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Allowance for Credit Losses on Financing Receivables | The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended June 30, 2016. The table also details the amount of total loans receivable, loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of June 30, 2016. (In Thousands): Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for loan losses: Originated Loans: $ 2,238 $ 11,575 $ 833 $ 1,662 $ 342 $ 925 $ 264 $ 17,839 Acquired loans recorded at fair value: 208 10 - - 44 - - 262 Acquired loans with deteriorated credit: 47 13 - 4 3 - - 67 Beginning Balance, March 31, 2016 2,493 11,598 833 1,666 389 925 264 18,168 Charge-offs: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - - - - - Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - - - - - - - - Recoveries: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - 3 - - 3 Acquired loans with deteriorated credit: - - - 130 - - - 130 Sub-total: - - - 130 3 - - 133 Provisions: Originated Loans: (243) 155 (69) 97 33 104 (48) 29 Acquired loans recorded at fair value: 149 (10) - - 9 - - 148 Acquired loans with deteriorated credit: (4) 1 - (134) (3) - - (140) Sub-total: (98) 146 (69) (37) 39 104 (48) 37 Totals: Originated Loans: 1,995 11,730 764 1,759 375 1,029 216 17,868 Acquired loans recorded at fair value: 357 - - - 56 - - 413 Acquired loans with deteriorated credit: 43 14 - - - - - 57 Ending Balance, June 30, 2016 $ 2,395 $ 11,744 $ 764 $ 1,759 $ 431 $ 1,029 $ 216 $ 18,338 Loans Receivable: Ending Balance Originated Loans: $ 119,329 $ 1,008,498 $ 71,770 $ 57,500 $ 31,609 $ 1,703 $ - $ 1,290,409 Ending Balance Acquired loans recorded at fair value: 62,309 68,767 - 4,903 16,580 240 - 152,799 Ending Balance Acquired loans with deteriorated credit: 1,458 764 - - - - - 2,222 Total Gross Loans: $ 183,096 $ 1,078,029 $ 71,770 $ 62,403 $ 48,189 $ 1,943 $ - $ 1,445,430 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,356 $ 14,512 $ - $ 3,798 $ 1,126 $ 1,263 $ - $ 31,055 Ending Balance Acquired loans recorded at fair value: 8,751 6,281 - - 1,276 - - 16,308 Ending Balance Acquired loans with deteriorated credit: 1,458 528 - - - - - 1,986 Ending Balance Loans individually evaluated for impairment: $ 20,565 $ 21,321 $ - $ 3,798 $ 2,402 $ 1,263 $ - $ 49,349 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 108,973 $ 993,986 $ 71,770 $ 53,702 $ 30,483 $ 440 $ - $ 1,259,354 Ending Balance Acquired loans recorded at fair value: 53,558 62,486 - 4,903 15,304 240 - 136,491 Ending Balance Acquired loans with deteriorated credit: - 236 - - - - - 236 Ending Balance Loans collectively evaluated for impairment: $ 162,531 $ 1,056,708 $ 71,770 $ 58,605 $ 45,787 $ 680 $ - $ 1,396,081 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the six months ended June 30, 2016, and the related portion of the allowance for loan losses that is allocated to each loan class (in thousands): Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for loan losses: Originated Loans: $ 2,107 $ 11,643 $ 722 $ 1,749 $ 369 $ 879 $ 168 $ 17,637 Acquired loans recorded at fair value: 270 17 - - 50 - - 337 Acquired loans with deteriorated credit: 47 14 - 4 3 - - 68 Beginning Balance, December 31, 2015 2,424 11,674 722 1,753 422 879 168 18,042 Charge-offs: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: 67 - - 3 3 - - 73 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: 67 - - 3 3 - - 73 Recoveries: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - 14 - - 14 Acquired loans with deteriorated credit: - - - 129 - - - 129 Sub-total: - - - 129 14 - - 143 Provisions: Originated Loans: (112) 87 42 10 6 150 48 231 Acquired loans recorded at fair value: 154 (17) - 3 (5) - - 135 Acquired loans with deteriorated credit: (4) - - (133) (3) - - (140) Sub-total: 38 70 42 (120) (2) 150 48 226 Totals: Originated Loans: 1,995 11,730 764 1,759 375 1,029 216 17,868 Acquired loans recorded at fair value: 357 - - - 56 - - 413 Acquired loans with deteriorated credit: 43 14 - - - - - 57 Ending Balance, June 30, 2016 $ 2,395 $ 11,744 $ 764 $ 1,759 $ 431 $ 1,029 $ 216 $ 18,338 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the year ended December 31, 2015. The table also details the amount of total loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of December 31, 2015. (In Thousands): ____ Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for credit losses: Originated Loans: $ 2,364 $ 10,028 $ 1,080 $ 876 $ 333 $ 449 $ 121 $ 15,251 Acquired loans recorded at fair value: 417 102 - - 58 - - 577 Acquired loans with deteriorated credit: 64 23 - 233 3 - - 323 Beginning Balance, December 31, 2014 2,845 10,153 1,080 1,109 394 449 121 16,151 Charge-offs: Originated Loans: - 10 - 80 - - - 90 Acquired loans recorded at fair value: 67 - - - 106 - - 173 Acquired loans with deteriorated credit: - - - 199 - - - 199 Sub-total: 67 10 - 279 106 - - 462 Recoveries: Originated Loans: - 70 - - - - - 70 Acquired loans recorded at fair value: - - - - 3 - - 3 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - 70 - - 3 - - 73 Provisions: Originated Loans: (257) 1,555 (358) 953 36 430 47 2,406 Acquired loans recorded at fair value: (80) (85) - - 95 - - (70) Acquired loans with deteriorated credit: (17) (9) - (30) - - - (56) Sub-total: (354) 1,461 (358) 923 131 430 47 2,280 Totals: Originated Loans: 2,107 11,643 722 1,749 369 879 168 17,637 Acquired loans recorded at fair value: 270 17 - - 50 - - 337 Acquired loans with deteriorated credit: 47 14 - 4 3 - - 68 Ending Balance, December 31, 2015 $ 2,424 $ 11,674 $ 722 $ 1,753 $ 422 $ 879 $ 168 $ 18,042 Loans Receivables: Ending Balance Originated Loans: $ 117,165 $ 982,828 $ 64,008 $ 70,340 $ 31,237 $ 2,365 $ - $ 1,267,943 Ending Balance Acquired Loans: 67,587 79,308 - 4,281 18,851 263 - 170,290 Ending Balance Acquired loans with deteriorated credit: 1,474 669 - 167 71 - - 2,381 Total Gross Loans: $ 186,226 $ 1,062,805 $ 64,008 $ 74,788 $ 50,159 $ 2,628 $ - $ 1,440,614 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 9,120 $ 14,681 $ - $ 4,203 $ 1,456 $ 1,463 $ - $ 30,923 Ending Balance Acquired Loans: 9,885 6,775 - - 1,363 - - 18,023 Ending Balance Acquired loans with deteriorated credit: 1,474 426 - 167 71 - - 2,138 Ending Balance Loans individually evaluated for impairment: $ 20,479 $ 21,882 $ - $ 4,370 $ 2,890 $ 1,463 $ - $ 51,084 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 108,045 $ 968,147 $ 64,008 $ 66,137 $ 29,781 $ 902 $ - $ 1,237,020 Ending Balance Acquired Loans: 57,702 72,533 - 4,281 17,488 263 - 152,267 Ending Balance Acquired loans with deteriorated credit: - 243 - - - - - 243 Ending Balance Loans collectively evaluated for impairment: $ 165,747 $ 1,040,923 $ 64,008 $ 70,418 $ 47,269 $ 1,165 $ - $ 1,389,530 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended June 30, 2015. The table also details the amount of total loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of June 30, 2015 (In Thousands): Residential Commercial & Multi-family Construction Business (1) Equity (2) Consumer Unallocated Total Allowance for credit losses: Originated Loans: $ 2,310 $ 10,387 $ 1,056 $ 1,242 $ 316 $ 629 $ 168 $ 16,108 Acquired loans recorded at fair value: 336 141 - - 46 - - 523 Acquired loans with deteriorated credit: 60 23 - 11 3 - - 97 Beginning Balance, March 31, 2015 2,706 10,551 1,056 1,253 365 629 168 16,728 Charge-offs: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: 58 - - - 68 - - 126 Acquired loans with deteriorated credit: - - - 27 - - - 27 Sub-total: 58 - - 27 68 - - 153 Recoveries: Originated Loans: - 6 - - - - - 6 Acquired loans recorded at fair value: - - - - 1 - - 1 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - 6 - - 1 - - 7 Provisions: Originated Loans: (142) 1,053 80 150 2 93 (5) 1,231 Acquired loans recorded at fair value: (98) (66) - - 52 - - (112) Acquired loans with deteriorated credit: (6) (3) - 20 - - - 11 Sub-total: (246) 984 80 170 54 93 (5) 1,130 Totals: Originated Loans: 2,168 11,446 1,136 1,392 318 722 163 17,345 Acquired loans recorded at fair value: 180 75 - - 31 - - 286 Acquired loans with deteriorated credit: 54 20 - 4 3 - - 81 Ending Balance, June 30, 2015 $ 2,402 $ 11,541 $ 1,136 $ 1,396 $ 352 $ 722 $ 163 $ 17,712 Loans Receivable: Ending Balance Originated Loans: $ 134,794 $ 894,239 $ 86,751 $ 67,661 $ 31,748 $ 1,862 $ - $ 1,217,055 Ending Balance Acquired loans recorded at fair value: 75,137 88,328 - 4,566 20,713 605 - 189,349 Ending Balance Acquired loans with deteriorated credit: 1,579 1,119 - 167 77 - - 2,942 Total Gross Loans: $ 211,510 $ 983,686 $ 86,751 $ 72,394 $ 52,538 $ 2,467 $ - $ 1,409,346 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,245 $ 11,643 $ - $ 4,847 $ 1,396 $ 1,463 $ - $ 29,594 Ending Balance Acquired loans recorded at fair value: 10,344 6,989 - - 960 - - 18,293 Ending Balance Acquired loans with deteriorated credit: 1,579 871 - 167 77 - - 2,694 Ending Balance Loans individually evaluated for impairment: $ 22,168 $ 19,503 $ - $ 5,014 $ 2,433 $ 1,463 $ - $ 50,581 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 124,549 $ 882,596 $ 86,751 $ 62,814 $ 30,352 $ 399 $ - $ 1,187,461 Ending Balance Acquired loans recorded at fair value: 64,793 81,339 - 4,566 19,753 605 - 171,056 Ending Balance Acquired loans with deteriorated credit: - 248 - - - - - 248 Ending Balance Loans collectively evaluated for impairment: $ 189,342 $ 964,183 $ 86,751 $ 67,380 $ 50,105 $ 1,004 $ - $ 1,358,765 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. _______ Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the six months ended June 30, 2015, and the related portion of the allowance for loan losses that is allocated to each loan class (in thousands): Commercial Home Residential Commercial & Multi-family Construction Business (1) Equity (2) Consumer Unallocated Total Allowance for credit losses: Originated Loans: $ 2,364 $ 10,028 $ 1,080 $ 876 $ 333 $ 449 $ 121 $ 15,251 Acquired loans recorded at fair value: 417 102 - - 58 - - 577 Acquired loans with deteriorated credit: 64 23 - 233 3 - - 323 Beginning Balance, December 31, 2014 2,845 10,153 1,080 1,109 394 449 121 16,151 Charge-offs: Originated Loans: - 10 - 22 - - - - 32 Acquired loans recorded at fair value: 62 - - - 68 - - - 130 Acquired loans with deteriorated credit: - - - 199 - - - - 199 Sub-total: 62 10 - 221 68 - - 361 Recoveries: Originated Loans: - 70 - - - - - 70 Acquired loans recorded at fair value: - - - - 2 - - 2 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - 70 - - 2 - - 72 Provisions: Originated Loans: (196) 1,358 56 538 (15) 273 42 2,056 Acquired loans recorded at fair value: (175) (27) - - 39 - - (163) Acquired loans with deteriorated credit: (10) (3) - (30) - - - (43) Sub-total: (381) 1,328 56 508 24 273 42 1,850 Totals: Originated Loans: 2,168 11,446 1,136 1,392 318 722 163 17,345 Acquired loans recorded at fair value: 180 75 - - 31 - - 286 Acquired loans with deteriorated credit: 54 20 - 4 3 - - 81 Ending Balance, June 30, 2015 $ 2,402 $ 11,541 $ 1,136 $ 1,396 $ 352 $ 722 $ 163 $ 17,712 (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Non-Accruing Loans | As of June 30, 2016 As of December 31, 2015 (In Thousands) (In Thousands) Non-Accruing Loans: Originated loans: Residential one-to-four family $ 3,389 $ 2,603 Commercial and multi-family 9,609 9,782 Construction - - Commercial business (1) 638 718 Home equity (2) 407 777 Consumer - - Sub-total: $ 14,043 $ 13,880 Acquired loans recorded at fair value: Residential one-to-four family $ 4,940 $ 5,592 Commercial and multi-family 1,417 3,025 Construction - - Commercial business (1) - - Home equity (2) 667 665 Consumer - - Sub-total: $ 7,024 $ 9,282 Acquired loans with deteriorated credit: Residential one-to-four family $ - $ - Commercial and multi-family - - Construction - - Commercial business (1) - 167 Home equity (2) - 118 Consumer - - Sub-total: $ - $ 285 Total $ 21,067 $ 23,447 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Impaired Financing Receivables | The following table summarizes the average recorded investment and interest income recognized on impaired loans with no related allowance recorded by portfolio class for the three and six months ended June 30, 2016 and 2015. (In Thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2016 2015 2015 2016 2016 2015 2015 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Originated loans Investment Recognized Investment Recognized Investment Recognized Investment Recognized With no related allowance recorded: Residential one-to-four family $ 4,085 $ 23 $ 2,582 $ 26 $ 3,938 $ 47 $ 2,987 $ 51 Commercial and Multi-family 10,313 58 7,338 77 10,687 115 7,362 154 Construction 1,492 - - - - - - - Commercial business (1) 2,030 27 2,646 37 2,046 53 2,961 75 Home equity (2) 1,039 8 871 13 1,106 16 866 26 Consumer - - - - - - - - Sub-total: $ 18,959 $ 116 $ 13,437 $ 153 $ 17,777 $ 231 $ 14,176 $ 306 Acquired loans recorded at fair value With no related allowance recorded: Residential one-to-four family $ 5,308 $ 31 $ 5,840 $ 48 $ 6,223 $ 62 $ 5,964 $ 97 Commercial and Multi-family 4,637 52 4,837 48 4,703 104 4,926 97 Construction - - - - - - - - Commercial business (1) - - - - - - - - Home equity (2) 589 5 736 5 708 9 622 10 Consumer - - - - - - - - Sub-total $ 10,534 $ 88 $ 11,413 $ 101 $ 11,634 $ 175 $ 11,512 $ 204 Acquired loans with deteriorated credit With no related allowance recorded: Residential one-to-four family $ 1,462 $ 22 $ 1,494 $ 30 $ 1,466 $ 45 $ 1,498 $ 60 Commercial and Multi-family 529 7 873 8 477 14 874 16 Construction - - - - - - - - Commercial business (1) - - 181 - - - 84 - Home equity (2) 37 - 79 - 36 - 80 - Consumer - - - - - - - - Sub-total: $ 2,028 $ 29 $ 2,627 $ 38 $ 1,979 $ 59 $ 2,536 $ 76 Total Impaired Loans With no related allowance recorded: $ 31,521 $ 233 $ 27,477 $ 292 $ 31,390 $ 465 $ 28,224 $ 586 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6-Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the average recorded investment and interest income recognized on impaired loans with allowance recorded by portfolio class for the three and six months ended June 30, 2016 and 2015. (In Thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2016 2015 2015 2016 2016 2015 2015 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Originated loans Investment Recognized Investment Recognized Investment Recognized Investment Recognized with an allowance recorded: Residential one-to-four family $ 5,620 $ 64 $ 7,907 $ 77 $ 5,801 $ 128 $ 8,158 $ 153 Commercial and Multi-family 4,258 6 3,469 - 3,910 12 3,221 - Construction - - - - - - - - Commercial business (1) 1,921 20 2,272 23 1,955 39 1,930 46 Home equity (2) 214 2 374 1 186 5 376 1 Consumer 1,263 - 1,567 - 1,363 - 1,657 - Sub-total: $ 13,276 $ 92 $ 15,589 $ 101 $ 13,215 $ 184 $ 15,342 $ 200 Acquired loans recorded at fair value with an allowance recorded: Residential one-to-four family $ 3,782 $ 20 $ 4,101 $ 35 $ 3,096 $ 39 $ 4,100 $ 70 Commercial and Multi-family 1,360 16 2,148 20 1,826 16 1,758 39 Construction - - - - - - - - Commercial business (1) - - - - - - - - Home equity (2) 730 5 343 5 612 27 440 9 Consumer - - - - - - - - Sub-total $ 5,872 $ 41 $ 6,592 $ 60 $ 5,534 $ 82 $ 6,298 $ 118 Acquired loans with deteriorated credit with an allowance recorded: Residential one-to-four family $ - $ - $ 90 $ 2 $ - $ - $ 90 $ 4 Commercial and Multi-family - - - - - - - - Construction - - - - - - - - Commercial business (1) 82 - - - 84 - 185 - Home equity (2) - - - - - - - - Consumer - - - - - - - - Sub-total: $ 82 $ 0 $ 90 $ 2 $ 84 $ 0 $ 275 $ 4 Total Impaired Loans with an allowance recorded: $ 19,230 $ 133 $ 22,271 $ 163 $ 18,833 $ 266 $ 21,915 $ 322 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6-Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the recorded investment and unpaid principal balances where there is no related allowance on impaired loans by portfolio class at June 30, 2016 and December 31, 2015. (In Thousands): As of June 30, 2016 As of December 31, 2015 Recorded Unpaid Principal Related Recorded Unpaid Principal Related Originated loans Investment Balance Allowance Investment Balance Allowance with no related allowance recorded: Residential one-to-four family $ 4,739 $ 4,806 $ - $ 3,136 $ 3,199 $ - Commercial and multi-family 10,664 10,862 - 10,709 10,934 - Construction - - - - - - Commercial business (1) 1,968 2,700 - 2,123 3,183 - Home equity (2) 941 1,004 - 1,270 1,326 - Consumer - - - - - - Sub-total: $ 18,312 $ 19,372 $ - $ 17,238 $ 18,642 $ - Acquired loans recorded at fair value with no related allowance recorded: Residential one-to-four family $ 4,799 $ 4,972 $ - $ 7,646 $ 8,082 $ - Commercial and Multi-family 5,022 5,090 - 4,383 4,483 - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 532 625 - 884 1,061 - Consumer - - - - - - Sub-total: $ 10,353 $ 10,687 $ - $ 12,913 $ 13,626 $ - Acquired loans with deteriorated credit with no related allowance recorded: Residential one-to-four family $ 1,458 $ 2,085 $ - $ 1,474 $ 2,101 $ - Commercial and Multi-family 528 559 - 426 574 - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - 71 135 - Consumer - - - - - - Sub-total: $ 1,986 $ 2,644 $ - $ 1,971 $ 2,810 $ - Total Impaired Loans with no related allowance recorded: $ 30,651 $ 32,703 $ - $ 32,122 $ 35,078 $ - __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6-Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the recorded investment, unpaid principal balance, and the related allowance on impaired loans by portfolio class at June 30, 2016 and December 31, 2015. (In Thousands): As of June 30, 2016 As of December 31, 2015 Recorded Unpaid Principal Related Recorded Unpaid Principal Related Originated loans Investment Balance Allowance Investment Balance Allowance with an allowance recorded: Residential one-to-four family $ 5,617 $ 5,621 $ 506 $ 5,984 $ 5,993 $ 594 Commercial and Multi-family 3,848 3,929 1,132 3,972 3,972 1,069 Construction - - - - - - Commercial business (1) 1,830 2,068 994 2,080 2,445 841 Home equity (2) 185 185 5 186 189 3 Consumer 1,263 1,263 1,026 1,463 1,463 876 Sub-total: $ 12,743 $ 13,066 $ 3,663 $ 13,685 $ 14,062 $ 3,383 Acquired loans recorded at fair value with an allowance recorded: Residential one-to-four family $ 3,952 $ 4,171 $ 447 $ 2,239 $ 2,402 $ 219 Commercial and Multi-family 1,259 1,262 58 2,392 2,496 85 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 744 793 47 479 518 36 Consumer - - - - - - Sub-total $ 5,955 $ 6,226 $ 552 $ 5,110 $ 5,416 $ 340 Acquired loans with deteriorated credit with an allowance recorded: Residential one-to-four family $ - $ - $ - $ - $ - $ - Commercial and Multi-family - - - - - - Construction - - - - - - Commercial business (1) - - - 167 368 - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ - $ - $ - $ 167 $ 368 $ - Total Impaired Loans with an allowance recorded: $ 18,698 $ 19,292 $ 4,215 $ 18,962 $ 19,846 $ 3,723 Total Impaired Loans with no related allowance recorded: $ 30,651 $ 32,703 $ - $ 32,122 $ 35,078 $ - Total Impaired Loans: $ 49,349 $ 51,995 $ 4,215 $ 51,084 $ 54,924 $ 3,723 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Troubled Debt Restructurings on Financing Receivables | The following table presents the total troubled debt restructured loans at June 30, 2016, excluding the purchase impairment mark on the acquired loans with deteriorated credit. (Dollars In Thousands): Accrual Non-accrual Total June 30, 2016 # of Loans Amount # of Loans Amount # of Loans Amount Originated loans: Residential one-to-four family 7 $ 2,645 1 $ 66 8 $ 2,711 Commercial and multi-family 4 3,124 14 5,371 18 8,495 Construction - - - - - 0 Commercial business (1) 2 998 1 375 3 1,373 Home equity (2) 3 534 1 51 4 585 Consumer - - - - - 0 Sub-total: 16 $ 7,301 17 $ 5,863 33 $ 13,164 Acquired loans recorded at fair value: Residential one-to-four family 16 $ 3,712 9 $ 2,451 25 $ 6,163 Commercial and Multi-family 13 4,864 1 582 14 5,446 Construction - - - - - 0 Commercial business (1) - - - - - 0 Home equity (2) 4 432 1 220 5 652 Consumer - - - - 0 Sub-total: 33 $ 9,008 11 $ 3,253 44 $ 12,261 Acquired loans with deteriorated credit: Residential one-to-four family 5 $ 2,085 - $ - 5 $ 2,085 Commercial and Multi-family 1 559 - - 1 559 Construction - - - - - 0 Commercial business (1) - - - - - 0 Home equity (2) - - - - - 0 Consumer - - - - - 0 Sub-total: 6 $ 2,644 - $ - 6 $ 2,644 Total 55 $ 18,953 28 $ 9,116 83 $ 28,069 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table presents the total troubled debt restructured loans at December 31, 2015, excluding the purchase impairment mark on the acquired loans with deteriorated credit. (Dollars In Thousands): Accrual Non-accrual Total December 31, 2015 # of Loans Amount # of Loans Amount # of Loans Amount Originated loans: Residential one-to-four family 6 $ 1,845 1 $ 824 7 $ 2,669 Commercial and multi-family 4 3,270 9 4,297 13 7,567 Construction - - - - 0 0 Commercial business (1) 1 778 2 705 3 1,483 Home equity (2) 2 491 3 157 5 648 Consumer - - - - 0 0 Sub-total: 13 $ 6,384 15 $ 5,983 28 $ 12,367 Acquired loans recorded at fair value: Residential one-to-four family 16 $ 3,604 13 $ 3,402 29 $ 7,006 Commercial and Multi-family 13 4,863 1 582 14 5,445 Construction - - - - 0 0 Commercial business (1) - - - - 0 0 Home equity (2) 5 512 1 220 6 732 Consumer - - - - 0 0 Sub-total: 34 $ 8,979 15 $ 4,204 49 $ 13,183 Acquired loans with deteriorated credit: Residential one-to-four family 5 $ 2,101 - $ - 5 $ 2,101 Commercial and Multi-family 2 574 - - 2 574 Construction - - - - - - Commercial business (1) - - 1 167 1 167 Home equity (2) - - 1 118 1 118 Consumer - - - - - - Sub-total: 7 $ 2,675 2 $ 285 9 $ 2,960 Total 54 $ 18,038 32 $ 10,472 86 $ 28,510 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) A troubled debt restructuring (“TDR”) is a loan that has been modified whereby the Company has agreed to make certain concessions to a borrower to meet the needs of both the borrower and the Company to maximize the ultimate recovery of a loan. A TDR occurs when a borrower is experiencing, or is expected to experience, financial difficulties and the loan is modified using a modification that would otherwise not be granted to the borrower. The types of concessions granted are generally included, but not limited to interest rate reductions, limitations on the accrued interest charged, term extensions, and deferment of principal. There were no troubled debt restructurings which occurred during the three months ended June 30, 2016. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes information in regards to troubled debt restructurings for which there was a payment default within twelve months of restructuring during the three months ended June 30, 2016. (Dollars In Thousands): Three Months Ended June 30, 2016 Number of Contracts Recorded Investment Originated loans: Residential one-to-four family - $ - Commercial and multi-family - - Construction - - Commercial business (1) 1 226 Home equity (2) - - Consumer - Sub-total: 1 $ 226 Acquired loans recorded at fair value: Residential one-to-four family - $ - Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: 0 $ 0 Acquired loans with deteriorated credit: Residential one-to-four family - $ - Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: 0 $ 0 Total 1 $ 226 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued The following table summarizes information in regards to troubled debt restructurings which occurred during the six months ended June 30, 2016. (Dollars In Thousands): Six Months Ended June 30, 2016 Pre-Modification Outstanding Post-Modification Outstanding Number of Contracts Recorded Investments Recorded Investments Originated loans: Residential one-to-four family 1 $ 71 $ 71 Commercial and multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - - Sub-total: 1 $ 71 $ 71 Acquired loans recorded at fair value: Residential one-to-four family - $ - $ - Commercial and Multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) 1 223 223 Consumer - - - Sub-total: 1 $ 223 $ 223 Acquired loans with deteriorated credit: Residential one-to-four family - $ - $ - Commercial and Multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - Sub-total: - $ - $ - Total 2 $ 294 $ 294 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes information in regards to troubled debt restructurings for which there was a payment default within twelve months of restructuring during the six months ended June 30, 2016. (Dollars In Thousands): Six Months Ended June 30, 2016 Number of Contracts Recorded Investment Originated loans: Residential one-to-four family - $ - Commercial and multi-family - - Construction - - Commercial business (1) 1 246 Home equity (2) - - Consumer - - Sub-total: 1 $ 246 Acquired loans recorded at fair value: Residential one-to-four family - $ - Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: - $ - Acquired loans with deteriorated credit: Residential one-to-four family - $ - Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: - $ - Total 1 $ 246 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes information in regards to troubled debt restructurings which occurred during the three months ended June 30, 2015 (dollars in thousands): Three Months Ended June 30, 2015 Pre-Modification Outstanding Post-Modification Outstanding Number of Contracts Recorded Investments Recorded Investments Originated loans: Residential one-to-four family $ 1 $ 836 $ 836 Commercial and multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - - Sub-total: $ 1 $ 836 $ 836 Acquired loans recorded at fair value: Residential one-to-four family $ 1 $ 1,067 $ 1,083 Commercial and Multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) 1 223 223 Consumer - - - Sub-total: $ 2 $ 1290 $ 1306 Acquired loans with deteriorated credit: Residential one-to-four family $ - $ - $ - Commercial and Multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - - Sub-total: $ - $ - $ - Total $ 3 $ 2,126 $ 2,142 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes information in regards to troubled debt restructurings for which there was a payment default within twelve months of restructuring during the three months ended June 30, 2015. Three Months Ended June 30, 2015 Number of Contracts Recorded Investment Originated loans: Residential one-to-four family - $ - Commercial and multi-family - - Construction - - Commercial business (1) - - Home equity (2) 1 63 Consumer - - Sub-total: 1 $ 63 Acquired loans recorded at fair value: Residential one-to-four family 2 $ 1,254 Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: 2 $ 1254 Acquired loans with deteriorated credit: Residential one-to-four family - $ - Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: 0 $ 0 Total 3 $ 1,317 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes information in regard to troubled debt restructurings which occurred during the six months ended June 30, 2015 (dollars in thousands): Six Months Ended June 30, 2015 Pre-Modification Outstanding Post-Modification Outstanding Number of Contracts Recorded Investments Recorded Investments Originated loans: Residential one-to-four family 1 $ 836 $ 836 Commercial and multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - - Sub-total: 1 $ 836 $ 836 Acquired loans recorded at fair value: Residential one-to-four family 3 $ 1,532 $ 1,562 Commercial and Multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) 1 223 223 Consumer - - - Sub-total: 4 $ 1,755 $ 1,785 Acquired loans with deteriorated credit: Residential one-to-four family - $ - $ - Commercial and Multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - - Sub-total: - $ - $ - Total 5 $ 2,591 $ 2,621 (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes information in regards to troubled debt restructurings for which there was a payment default within twelve months of restructuring during the six months ended June 30, 2015 (dollars in thousands): Six Months Ended June 30, 2015 Number of Contracts Recorded Investment Originated loans: Residential one-to-four family 1 $ 836 Commercial and multi-family - - Construction - - Commercial business (1) - - Home equity (2) 1 63 Consumer - - Sub-total: 2 $ 899 Acquired loans recorded at fair value: Residential one-to-four family 2 $ 1,255 Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: 2 $ 1,255 Acquired loans with deteriorated credit: Residential one-to-four family - $ - Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: - $ - Total 4 $ 2,154 (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Delinquency Status of Total Loans Receivable | Loans Receivable 30-59 Days 60-90 Days Greater Than Total Past Total Loans >90 Days Past Due Past Due 90 Days Due Current Receivable and Accruing (In Thousands) Originated loans: Residential one-to-four family $ 3,939 $ 1,201 $ 3,127 $ 8,267 $ 111,062 $ 119,329 $ - Commercial and multi-family 30,453 13,375 4,823 48,651 959,847 1,008,498 - Construction 1,653 5,096 - 6,749 65,021 71,770 - Commercial business (1) 2,994 683 193 3,870 53,630 57,500 - Home equity (2) 542 179 178 899 30,710 31,609 - Consumer 13 - - 13 1,690 1,703 - Sub-total: $ 39,594 $ 20,534 $ 8,321 $ 68,449 $ 1,221,960 $ 1,290,409 $ - Acquired loans recorded at fair value: Residential one-to-four family $ 1,557 $ 1,132 $ 3,271 $ 5,960 $ 56,349 62,309 $ 251 Commercial and multi-family 1,853 63 904 2,820 65,947 68,767 - Construction - - - - - - - Commercial business (1) - - 65 65 4,838 4,903 65 Home equity (2) 462 364 319 1,145 15,435 16,580 - Consumer 10 - - 10 230 240 - Sub-total: $ 3,882 $ 1,559 $ 4,559 $ 10,000 $ 142,799 $ 152,799 $ 316 Acquired loans with deteriorated credit: Residential one-to-four family $ - $ - $ - $ - $ 1,458 1,458 $ - Commercial and multi-family - - - - 764 764 - Construction - - - - - - - Commercial business (1) - - - - - - - Home equity (2) - - - - - - - Consumer - - - - - - - Sub-total: $ - $ - $ - $ - $ 2,222 $ 2,222 $ - Total $ 43,476 $ 22,093 $ 12,880 $ 78,449 $ 1,366,981 $ 1,445,430 $ 316 _________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the delinquency status of total loans receivable at December 31, 2015. (In Thousands): Loans Receivable 30-59 Days 60-90 Days Greater Than Total Past Total Loans >90 Days Past Due Past Due 90 Days Due Current Receivable and Accruing (In Thousands) Originated loans: Residential one-to-four family $ 3,495 $ 786 $ 1,577 $ 5,858 $ 111,307 $ 117,165 $ - Commercial and multi-family 12,491 3,362 6,467 22,320 960,508 982,828 578 Construction 4,677 80 - 4,757 59,251 64,008 - Commercial business (1) 909 - 684 1,593 68,747 70,340 - Home equity (2) 517 333 485 1,335 29,902 31,237 - Consumer - - - - 2,365 2,365 - Sub-total: $ 22,089 $ 4,561 $ 9,213 $ 35,863 $ 1,232,080 $ 1,267,943 $ 578 Acquired loans recorded at fair value: Residential one-to-four family $ 3,340 $ 311 $ 3,512 $ 7,163 $ 60,424 67,587 $ - Commercial and multi-family 1,913 1,313 1,285 4,511 74,797 79,308 - Construction - - - - - - - Commercial business (1) 418 - - 418 3,863 4,281 - Home equity (2) 727 - 331 1,058 17,793 18,851 - Consumer 12 - - 12 251 263 - Sub-total: $ 6,410 $ 1,624 $ 5,128 $ 13,162 $ 157,128 $ 170,290 $ - Acquired loans with deteriorated credit: Residential one-to-four family $ - $ - $ - $ - $ 1,474 $ 1,474 $ - Commercial and multi-family 244 - 8 252 417 669 8 Construction - - - - - - - Commercial business (1) - - 167 167 - 167 - Home equity (2) - - - - 71 71 - Consumer - - - - - - - Sub-total: $ 244 $ - $ 175 $ 419 $ 1,962 $ 2,381 $ 8 Total $ 28,743 $ 6,185 $ 14,516 $ 49,444 $ 1,391,170 $ 1,440,614 $ 586 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Financing Receivable Credit Quality Indicators | Pass Special Mention Substandard Doubtful Loss Total Originated loans: Residential one-to-four family $ 109,302 $ 6,448 $ 3,579 $ - $ - $ 119,329 Commercial and multi-family 990,372 4,158 13,968 - - 1,008,498 Construction 71,289 481 - - - 71,770 Commercial business (1) 52,145 1,985 3,370 - - 57,500 Home equity (2) 30,619 532 458 - - 31,609 Consumer 540 26 1,137 - - 1,703 Sub-total: $ 1,254,267 $ 13,630 $ 22,512 $ - $ - $ 1,290,409 Acquired loans recorded at fair value: Residential one-to-four family $ 55,548 $ 1,185 $ 5,576 $ - $ 62,309 Commercial and multi-family 63,249 1,732 3,786 - - 68,767 Construction - - - - - - Commercial business (1) 4,903 - - - - 4,903 Home equity (2) 15,591 8 981 - - 16,580 Consumer 240 - - - - 240 Sub-total: $ 139,531 $ 2,925 $ 10,343 $ - $ - $ 152,799 Residential one-to-four family $ 147 $ 579 $ 732 $ - $ - 1,458 Commercial and multi-family 236 528 - - - 764 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ 383 $ 1,107 $ 732 $ - $ - $ 2,222 Total Gross Loans $ 1,394,181 $ 17,662 $ 33,587 $ - $ - $ 1,445,430 _________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table presents the loan portfolio types summarized by the aggregate pass rating and the classified ratings of special mention, substandard, doubtful, and loss within the Company’s internal risk rating system as of December 31, 2015. (In Thousands): Pass Special Mention Substandard Doubtful Loss Total Originated loans: Residential one-to-four family $ 108,259 $ 4,857 $ 4,049 $ - $ - $ 117,165 Commercial and multi-family 966,229 1,868 14,731 - - 982,828 Construction 63,292 716 - - - 64,008 Commercial business (1) 64,645 2,018 3,677 - - 70,340 Home equity (2) 29,694 714 829 - - 31,237 Consumer 1,198 30 1,137 - - 2,365 Sub-total: $ 1,233,317 $ 10,203 $ 24,423 $ - $ - $ 1,267,943 Acquired loans recorded at fair value: Residential one-to-four family $ 58,362 $ 2,574 $ 6,651 $ - $ - 67,587 Commercial and multi-family 72,770 1,780 4,758 - - 79,308 Construction - - - - - - Commercial business (1) 4,281 - - - - 4,281 Home equity (2) 17,571 382 898 - - 18,851 Consumer 263 - - - - 263 Sub-total: $ 153,247 $ 4,736 $ 12,307 $ - $ - $ 170,290 Acquired loans with deteriorated credit: Residential one-to-four family $ 147 $ 279 $ 1,048 $ - $ - 1,474 Commercial and multi-family 137 532 - - - 669 Construction - - - - - - Commercial business (1) - - 167 - - 167 Home equity (2) - - 71 - - 71 Consumer - - - - - - Sub-total: $ 284 $ 811 $ 1,286 $ - $ - $ 2,381 Total Gross Loans $ 1,386,848 $ 15,750 $ 38,016 $ - $ - $ 1,440,614 ________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Inclusions in the Consolidated Statements of Financial Condition | June 30, December 31, 2016 2015 Unpaid principal balance $ 161,922 $ 183,046 Recorded investment 155,021 172,671 |
Accretable And Non-Accretable Discount on Loans Acquired | The following table presents changes in the accretable discount on loans acquired for the three and six months ended June 30, 2016 and 2015. (In Thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance, Beginning of Period $ 49,879 $ 66,934 $ 53,612 $ 70,522 Accretion (3,674) (5,467) (7,602) (9,138) Net Reclassification from Non-Accretable Difference 127 472 322 555 Balance, End of Period $ 46,332 $ 61,939 $ 46,332 $ 61,939 The following table presents changes in the non-accretable yield on loans acquired for the three and six months ended June 30, 2016 and 2015. (In Thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance, Beginning of Period $ 2,846 $ 3,690 $ 3,041 $ 3,773 Loans Sold - - - - Net Reclassification to Accretable Difference (127) (472) (322) (555) Balance, End of Period $ 2,719 $ 3,218 $ 2,719 $ 3,218 |
Fair Values of Financial Inst21
Fair Values of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Fair Values of Financial Instruments [Abstract] | |
Fair Value Measurements, Recurring | (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of June 30, 2016 Securities available for sale — Residential Mortgage Backed Securities $ 18,365 $ $ 18,365 $ As of December 31, 2015: Securities available for sale — Residential mortgage-backed securities $ 9,623 $ - $ 9,623 $ - |
Fair Value Measurements, Nonrecurring | (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Markets Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs As of June 30, 2016 Impaired Loans $ 14,483 $ $ $ 14,483 Other real estate owned $ 1,328 $ $ $ 1,328 As of December 31, 2015: Impaired Loans $ 15,239 $ - $ - $ 15,239 Other real estate owned $ 1,564 $ - $ - $ 1,564 |
Quantitative Information about Level 3 Fair Value Measurements | Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Range Estimate Techniques Input June 30, 2016: Impaired Loans $ 14,483 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 1,328 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Fair Value Valuation Unobservable Range Estimate Techniques Input December 31, 2015: Impaired Loans $ 15,239 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 1,564 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. |
Carrying Values and Estimated Fair Values of Financial Instruments | As of June 30, 2016 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 15,277 $ 15,277 $ 15,277 $ $ Interest-earning time deposits 220,497 220,497 220,497 Securities available for sale 18,365 18,365 18,365 Loans held for sale 4,875 4,891 4,891 Loans receivable, net 1,424,891 1,469,691 1,469,691 FHLB of New York stock, at cost 11,016 11,016 11,016 Accrued interest receivable 5,757 5,757 5,757 Financial liabilities: Deposits 1,394,305 1,399,010 770,278 628,732 Borrowings 200,000 204,009 204,009 Subordinated debentures 4,124 4,207 4,207 Accrued interest payable 1,052 1,052 1,052 As of December 31, 2015 Quoted Prices in Active Significant Significant Carrying Markets for Identical Assets Other Observable Inputs Unobservable Inputs Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 132,635 $ 132,635 $ 132,635 $ - $ - Interest-earning time deposits 1,238 1,238 1,238 - - Securities available for sale 9,623 9,623 - 9,623 - Loans held for sale 1,983 2,004 - 2,004 - Loans receivable, net 1,420,118 1,443,739 - - 1,443,739 FHLB of New York stock, at cost 10,711 10,711 - 10,711 - Accrued interest receivable 5,595 5,595 - 5,595 - Financial liabilities: Deposits 1,273,929 1,270,267 653,763 616,504 - Borrowings 200,000 202,948 - 202,948 - Subordinated debentures 4,124 4,185 - 4,185 - Accrued interest payable 1,053 1,053 - 1,053 - |
Pension and Postretirement Plan
Pension and Postretirement Plans (Narrative) (Details) - USD ($) | Dec. 02, 2015 | Mar. 07, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | Apr. 28, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Retirement benefit as percentage of compensation | 75.00% | |||||||
Shares authorized for issuance | 900,000 | |||||||
Options granted | ||||||||
Granted and exercisable stock options | 75,700 | 74,220 | ||||||
Expected future compensation expense, unexercised options | $ 846,070 | $ 548,758 | ||||||
Expected future compensation expense, weighted average period for recognition | 7 years 6 months 22 days | 8 years 4 days | ||||||
Shares underlying unexercised options | 341,300 | |||||||
Directors [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Options granted | 120,000 | 110,000 | ||||||
Vesting period | 10 years | |||||||
Directors [Member] | Tranche 1 - 10 [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Vesting percentage | 10.00% | |||||||
Employees [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Options granted | 32,500 | 6,000 | ||||||
Employees [Member] | Tranche 1 - 5 [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Vesting percentage | 20.00% |
Pension and Other Postretirem23
Pension and Other Postretirement Plans (Schedule Of Periodic Pension And SERP Cost) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Pension Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Interest cost | $ 82 | $ 96 | $ 164 | $ 161 |
Expected return on plan assets | (131) | (163) | (262) | (272) |
Amortization of net loss | 36 | 27 | 72 | 45 |
Net periodic pension/postretirement cost (benefit) | (13) | (40) | (26) | (66) |
Supplemental Employee Retirement Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Interest cost | 3 | 4 | 6 | 6 |
Net periodic pension/postretirement cost (benefit) | $ 3 | $ 4 | $ 6 | $ 6 |
Pension and Other Postretirem24
Pension and Other Postretirement Plans (Summary of Stock Option Activity) (Details) - $ / shares | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Pension and Other Postretirement Plans [Abstract] | ||||
Outstanding, Beginning Balance - Number of Option Shares | 417,000 | 289,720 | 289,720 | |
Options granted - Number of Option Shares | ||||
Options exercised - Number of Option Shares | ||||
Options forfeited - Number of Option Shares | ||||
Options expired - Number of Option Shares | ||||
Outstaning, Ending Balance - Number of Option Shares | 417,000 | 289,720 | 417,000 | 289,720 |
Outstanding, Range of Exercise Prices, Lower Range Limit (per share) | $ 8.93 | $ 8.93 | $ 8.93 | $ 8.93 |
Outstanding, Range of Exercise Prices, Upper Range Limit (per share) | 15.65 | 15.65 | 15.65 | 15.65 |
Options granted, Range of Exercise Prices | ||||
Options exercised - Range of exercise prices | ||||
Options forfeited - Range of exercise prices | ||||
Options expired - Range of exercise prices | ||||
Outstanding, Beginning Balance - Weighted Average Exercise Price | 10.75 | 11.18 | 11.18 | |
Options granted - Weighted Average Exercise Price | ||||
Options exercised - Weighted Average Exercise Price | ||||
Options forfeited - Weighted Average Exercise Price | ||||
Options expired - Weighted Average Exercise Price | ||||
Outstanding, Ending Balance - Weighted Average Exercise Price | $ 10.75 | $ 11.18 | $ 10.75 | $ 11.18 |
Net Income per Common Share (Na
Net Income per Common Share (Narrative) (Details) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Net Income per Common Share [Abstract] | ||||
Anti-dilutive outstanding options | 39,828 | 48,024 | 37,332 | 127,000 |
Net Income per Common Share (Sc
Net Income per Common Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Net Income per Common Share [Abstract] | ||||
Net income available to common stockholders | $ 1,347 | $ 1,680 | $ 3,148 | $ 3,324 |
Basic earnings per share - Income available to Common stockholders | 1,347 | 1,680 | 3,148 | 3,324 |
Diluted earnings per share- Income available to Common stockholders | $ 1,347 | $ 1,680 | $ 3,148 | $ 3,324 |
Basic earnings per share- Income available to Common stockholders, Shares | 11,229 | 8,421 | 11,223 | 8,410 |
Effect of dilutive securities: Stock options: Shares | 4 | 26 | 3 | 24 |
Diluted earnings per share- Income available to Common stockholders, Shares | 11,233 | 8,447 | 11,226 | 8,434 |
Earnings Per Share, Basic | $ 0.12 | $ 0.20 | $ 0.28 | $ 0.40 |
Earnings Per Share, Diluted | $ 0.12 | $ 0.20 | $ 0.28 | $ 0.39 |
Securities Available for Sale27
Securities Available for Sale (Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Securities Available for Sale [Abstract] | ||
Residential mortgage-backed securities: Due after five years through ten years, Amortized Cost | $ 4,360 | $ 3,418 |
Residential mortgage-backed securities: Due after ten years, Amortized Cost | 13,779 | 6,238 |
Residential mortgage-backed securities: Amortized Cost | 18,139 | 9,656 |
Residential mortgage-backed securities: Due after five years through ten years, Gross Unrealized Gains | 103 | 13 |
Residential mortgage-backed securities, Due after ten years, Gross Unrealized Gains | 144 | 89 |
Residential mortgage-backed securities: Gross Unrealized Gains | 247 | 102 |
Residential mortgage-backed securities: Due after five years through ten years, Gross Unrealized Losses | 11 | 73 |
Residential mortgage-backed securities: Due after ten years, Gross Unrealized Losses | 10 | 62 |
Residential mortgage-backed securities: Gross Unrealized Losses | 21 | 135 |
Residential mortgage-backed securities: Due after five years through ten years, Fair Value | 4,452 | 3,358 |
Residential mortgage-backed securities: Due after ten years, Fair Value | 13,913 | 6,265 |
Residential mortgage-backed securities: Fair Value | $ 18,365 | $ 9,623 |
Securities Available For Sale28
Securities Available For Sale (Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value ) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months - Fair Value | $ 1,163 | |
More than 12 Months - Fair Value | $ 3,754 | 3,686 |
Total - Fair Value | 3,754 | 4,849 |
Less than 12 Months - Unrealized Losses | 4 | |
More than 12 Months - Unrealized Losses | 21 | 131 |
Total - Unrealized Losses | 21 | 135 |
Residential mortgage-backed securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months - Fair Value | 1,163 | |
More than 12 Months - Fair Value | 3,754 | 3,686 |
Total - Fair Value | 3,754 | 4,849 |
Less than 12 Months - Unrealized Losses | 4 | |
More than 12 Months - Unrealized Losses | 21 | 131 |
Total - Unrealized Losses | $ 21 | $ 135 |
Loans Receivable and Allowanc29
Loans Receivable and Allowance for Loan Losses (Narrative) (Details) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2016USD ($)loan | Jun. 30, 2015USD ($)loan | Jun. 30, 2016USD ($)loan | Jun. 30, 2015USD ($)loan | Dec. 31, 2015USD ($) | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivable, gross | $ 1,445,430,000 | $ 1,409,346,000 | $ 1,445,430,000 | $ 1,409,346,000 | $ 1,440,614,000 | |
Troubled debt restructurings | loan | 0 | 3 | 2 | 5 | ||
Substandard [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivable, gross | $ 33,587,000 | $ 33,587,000 | 38,016,000 | |||
Special Mention [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivable, gross | 17,662,000 | 17,662,000 | 15,750,000 | |||
Doubtful [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivable, gross | 0 | 0 | ||||
Loss [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivable, gross | 0 | 0 | ||||
Commercial Business [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivable, gross | [1] | 62,403,000 | $ 72,394,000 | 62,403,000 | $ 72,394,000 | 74,788,000 |
Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivable, gross | $ 1,078,029,000 | $ 983,686,000 | $ 1,078,029,000 | $ 983,686,000 | $ 1,062,805,000 | |
[1] | Includes business lines of credit. |
Loans Receivable and Allowanc30
Loans Receivable and Allowance for Loan Losses (Recorded Investments in Loans Receivable) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | $ 1,445,430 | $ 1,440,614 | $ 1,409,346 | |
Deferred loan fees, net | (2,201) | (2,454) | ||
Allowance for loan losses | (18,338) | (18,042) | ||
Total deductions from gross loans | (20,539) | (20,496) | ||
Net Loans | 1,424,891 | 1,420,118 | ||
Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 183,096 | 186,226 | 211,510 | |
Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,078,029 | 1,062,805 | 983,686 | |
Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 71,770 | 64,008 | 86,751 | |
Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 62,403 | 74,788 | 72,394 |
Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 48,189 | 50,159 | 52,538 |
Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,943 | 2,628 | 2,467 | |
Originated Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,290,409 | 1,267,943 | 1,217,055 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 119,329 | 117,165 | 134,794 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,008,498 | 982,828 | 894,239 | |
Originated Loans [Member] | Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 71,770 | 64,008 | 86,751 | |
Originated Loans [Member] | Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 57,500 | 70,340 | 67,661 |
Originated Loans [Member] | Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 31,609 | 31,237 | 31,748 |
Originated Loans [Member] | Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,703 | 2,365 | 1,862 | |
Acquired Loans Recorded At Fair Value [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 152,799 | 170,290 | 189,349 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 62,309 | 67,587 | 75,137 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 68,767 | 79,308 | 88,328 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 4,903 | 4,281 | 4,566 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 16,580 | 18,851 | 20,713 |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 240 | 263 | 605 | |
Acquired Loans With Deteriorated Credit [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 2,222 | 2,381 | 2,942 | |
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,458 | 1,474 | 1,579 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | $ 764 | 669 | 1,119 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 167 | 167 | |
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | $ 71 | $ 77 | |
[1] | Includes business lines of credit. | |||
[2] | Includes home equity lines of credit. |
Loans Receivable and Allowanc31
Loans Receivable and Allowance for Loan Losses (Allowance for Credit Losses on Financing Receivables) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | $ 18,168 | $ 16,728 | $ 18,042 | $ 16,151 | $ 16,151 | |
Allowance for loan losses: Charge-offs | 153 | 73 | 361 | 462 | ||
Allowance for loan losses: Recoveries | 133 | 7 | 143 | 72 | 73 | |
Allowance for loan losses: Provisions | 37 | 1,130 | 226 | 1,850 | 2,280 | |
Allowance for loan losses: Ending Balance | 18,338 | 17,712 | 18,338 | 17,712 | 18,042 | |
Loans receivables: Ending balance | 1,445,430 | 1,409,346 | 1,445,430 | 1,409,346 | 1,440,614 | |
Loans receivables: Ending balance: individually evaluated for impairment | 49,349 | 50,581 | 49,349 | 50,581 | 51,084 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 1,396,081 | 1,358,765 | 1,396,081 | 1,358,765 | 1,389,530 | |
Residential One-to-Four Family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 2,493 | 2,706 | 2,424 | 2,845 | 2,845 | |
Allowance for loan losses: Charge-offs | 58 | 67 | 62 | 67 | ||
Allowance for loan losses: Provisions | (98) | (246) | 38 | (381) | (354) | |
Allowance for loan losses: Ending Balance | 2,395 | 2,402 | 2,395 | 2,402 | 2,424 | |
Loans receivables: Ending balance | 183,096 | 211,510 | 183,096 | 211,510 | 186,226 | |
Loans receivables: Ending balance: individually evaluated for impairment | 20,565 | 22,168 | 20,565 | 22,168 | 20,479 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 162,531 | 189,342 | 162,531 | 189,342 | 165,747 | |
Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 11,598 | 10,551 | 11,674 | 10,153 | 10,153 | |
Allowance for loan losses: Charge-offs | 10 | 10 | ||||
Allowance for loan losses: Recoveries | 6 | 70 | 70 | |||
Allowance for loan losses: Provisions | 146 | 984 | 70 | 1,328 | 1,461 | |
Allowance for loan losses: Ending Balance | 11,744 | 11,541 | 11,744 | 11,541 | 11,674 | |
Loans receivables: Ending balance | 1,078,029 | 983,686 | 1,078,029 | 983,686 | 1,062,805 | |
Loans receivables: Ending balance: individually evaluated for impairment | 21,321 | 19,503 | 21,321 | 19,503 | 21,882 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 1,056,708 | 964,183 | 1,056,708 | 964,183 | 1,040,923 | |
Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 833 | 1,056 | 722 | 1,080 | 1,080 | |
Allowance for loan losses: Provisions | (69) | 80 | 42 | 56 | (358) | |
Allowance for loan losses: Ending Balance | 764 | 1,136 | 764 | 1,136 | 722 | |
Loans receivables: Ending balance | 71,770 | 86,751 | 71,770 | 86,751 | 64,008 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 71,770 | 86,751 | 71,770 | 86,751 | 64,008 | |
Commercial Business [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | [1] | 1,666 | 1,253 | 1,753 | 1,109 | 1,109 |
Allowance for loan losses: Charge-offs | [1] | 27 | 3 | 221 | 279 | |
Allowance for loan losses: Recoveries | [1] | 130 | 129 | |||
Allowance for loan losses: Provisions | [1] | (37) | 170 | (120) | 508 | 923 |
Allowance for loan losses: Ending Balance | [1] | 1,759 | 1,396 | 1,759 | 1,396 | 1,753 |
Loans receivables: Ending balance | [1] | 62,403 | 72,394 | 62,403 | 72,394 | 74,788 |
Loans receivables: Ending balance: individually evaluated for impairment | [1] | 3,798 | 5,014 | 3,798 | 5,014 | 4,370 |
Loans receivables: Ending balance: collectively evaluated for impairment | [1] | 58,605 | 67,380 | 58,605 | 67,380 | 70,418 |
Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | [2] | 389 | 365 | 422 | 394 | 394 |
Allowance for loan losses: Charge-offs | [2] | 68 | 3 | 68 | 106 | |
Allowance for loan losses: Recoveries | [2] | 3 | 1 | 14 | 2 | 3 |
Allowance for loan losses: Provisions | [2] | 39 | 54 | (2) | 24 | 131 |
Allowance for loan losses: Ending Balance | [2] | 431 | 352 | 431 | 352 | 422 |
Loans receivables: Ending balance | [2] | 48,189 | 52,538 | 48,189 | 52,538 | 50,159 |
Loans receivables: Ending balance: individually evaluated for impairment | [2] | 2,402 | 2,433 | 2,402 | 2,433 | 2,890 |
Loans receivables: Ending balance: collectively evaluated for impairment | [2] | 45,787 | 50,105 | 45,787 | 50,105 | 47,269 |
Consumer [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 925 | 629 | 879 | 449 | 449 | |
Allowance for loan losses: Provisions | 104 | 93 | 150 | 273 | 430 | |
Allowance for loan losses: Ending Balance | 1,029 | 722 | 1,029 | 722 | 879 | |
Loans receivables: Ending balance | 1,943 | 2,467 | 1,943 | 2,467 | 2,628 | |
Loans receivables: Ending balance: individually evaluated for impairment | 1,263 | 1,463 | 1,263 | 1,463 | 1,463 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 680 | 1,004 | 680 | 1,004 | 1,165 | |
Unallocated [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 264 | 168 | 168 | 121 | 121 | |
Allowance for loan losses: Provisions | (48) | (5) | 48 | 42 | 47 | |
Allowance for loan losses: Ending Balance | 216 | 163 | 216 | 163 | 168 | |
Originated Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 17,839 | 16,108 | 17,637 | 15,251 | 15,251 | |
Allowance for loan losses: Charge-offs | 32 | 90 | ||||
Allowance for loan losses: Recoveries | 6 | 70 | 70 | |||
Allowance for loan losses: Provisions | 29 | 1,231 | 231 | 2,056 | 2,406 | |
Allowance for loan losses: Ending Balance | 17,868 | 17,345 | 17,868 | 17,345 | 17,637 | |
Loans receivables: Ending balance | 1,290,409 | 1,217,055 | 1,290,409 | 1,217,055 | 1,267,943 | |
Loans receivables: Ending balance: individually evaluated for impairment | 31,055 | 29,594 | 31,055 | 29,594 | 30,923 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 1,259,354 | 1,187,461 | 1,259,354 | 1,187,461 | 1,237,020 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 2,238 | 2,310 | 2,107 | 2,364 | 2,364 | |
Allowance for loan losses: Provisions | (243) | (142) | (112) | (196) | (257) | |
Allowance for loan losses: Ending Balance | 1,995 | 2,168 | 1,995 | 2,168 | 2,107 | |
Loans receivables: Ending balance | 119,329 | 134,794 | 119,329 | 134,794 | 117,165 | |
Loans receivables: Ending balance: individually evaluated for impairment | 10,356 | 10,245 | 10,356 | 10,245 | 9,120 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 108,973 | 124,549 | 108,973 | 124,549 | 108,045 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 11,575 | 10,387 | 11,643 | 10,028 | 10,028 | |
Allowance for loan losses: Charge-offs | 10 | 10 | ||||
Allowance for loan losses: Recoveries | 6 | 70 | 70 | |||
Allowance for loan losses: Provisions | 155 | 1,053 | 87 | 1,358 | 1,555 | |
Allowance for loan losses: Ending Balance | 11,730 | 11,446 | 11,730 | 11,446 | 11,643 | |
Loans receivables: Ending balance | 1,008,498 | 894,239 | 1,008,498 | 894,239 | 982,828 | |
Loans receivables: Ending balance: individually evaluated for impairment | 14,512 | 11,643 | 14,512 | 11,643 | 14,681 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 993,986 | 882,596 | 993,986 | 882,596 | 968,147 | |
Originated Loans [Member] | Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 833 | 1,056 | 722 | 1,080 | 1,080 | |
Allowance for loan losses: Provisions | (69) | 80 | 42 | 56 | (358) | |
Allowance for loan losses: Ending Balance | 764 | 1,136 | 764 | 1,136 | 722 | |
Loans receivables: Ending balance | 71,770 | 86,751 | 71,770 | 86,751 | 64,008 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 71,770 | 86,751 | 71,770 | 86,751 | 64,008 | |
Originated Loans [Member] | Commercial Business [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | [1] | 1,662 | 1,242 | 1,749 | 876 | 876 |
Allowance for loan losses: Charge-offs | [1] | 22 | 80 | |||
Allowance for loan losses: Provisions | [1] | 97 | 150 | 10 | 538 | 953 |
Allowance for loan losses: Ending Balance | [1] | 1,759 | 1,392 | 1,759 | 1,392 | 1,749 |
Loans receivables: Ending balance | [1] | 57,500 | 67,661 | 57,500 | 67,661 | 70,340 |
Loans receivables: Ending balance: individually evaluated for impairment | [1] | 3,798 | 4,847 | 3,798 | 4,847 | 4,203 |
Loans receivables: Ending balance: collectively evaluated for impairment | [1] | 53,702 | 62,814 | 53,702 | 62,814 | 66,137 |
Originated Loans [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | [2] | 342 | 316 | 369 | 333 | 333 |
Allowance for loan losses: Provisions | [2] | 33 | 2 | 6 | (15) | 36 |
Allowance for loan losses: Ending Balance | [2] | 375 | 318 | 375 | 318 | 369 |
Loans receivables: Ending balance | [2] | 31,609 | 31,748 | 31,609 | 31,748 | 31,237 |
Loans receivables: Ending balance: individually evaluated for impairment | [2] | 1,126 | 1,396 | 1,126 | 1,396 | 1,456 |
Loans receivables: Ending balance: collectively evaluated for impairment | [2] | 30,483 | 30,352 | 30,483 | 30,352 | 29,781 |
Originated Loans [Member] | Consumer [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 925 | 629 | 879 | 449 | 449 | |
Allowance for loan losses: Provisions | 104 | 93 | 150 | 273 | 430 | |
Allowance for loan losses: Ending Balance | 1,029 | 722 | 1,029 | 722 | 879 | |
Loans receivables: Ending balance | 1,703 | 1,862 | 1,703 | 1,862 | 2,365 | |
Loans receivables: Ending balance: individually evaluated for impairment | 1,263 | 1,463 | 1,263 | 1,463 | 1,463 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 440 | 399 | 440 | 399 | 902 | |
Originated Loans [Member] | Unallocated [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 264 | 168 | 168 | 121 | 121 | |
Allowance for loan losses: Provisions | (48) | (5) | 48 | 42 | 47 | |
Allowance for loan losses: Ending Balance | 216 | 163 | 216 | 163 | 168 | |
Acquired Loans Recorded At Fair Value [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 262 | 523 | 337 | 577 | 577 | |
Allowance for loan losses: Charge-offs | 126 | 73 | 130 | 173 | ||
Allowance for loan losses: Recoveries | 3 | 1 | 14 | 2 | 3 | |
Allowance for loan losses: Provisions | 148 | (112) | 135 | (163) | (70) | |
Allowance for loan losses: Ending Balance | 413 | 286 | 413 | 286 | 337 | |
Loans receivables: Ending balance | 152,799 | 189,349 | 152,799 | 189,349 | 170,290 | |
Loans receivables: Ending balance: individually evaluated for impairment | 16,308 | 18,293 | 16,308 | 18,293 | 18,023 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 136,491 | 171,056 | 136,491 | 171,056 | 152,267 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 208 | 336 | 270 | 417 | 417 | |
Allowance for loan losses: Charge-offs | 58 | 67 | 62 | 67 | ||
Allowance for loan losses: Provisions | 149 | (98) | 154 | (175) | (80) | |
Allowance for loan losses: Ending Balance | 357 | 180 | 357 | 180 | 270 | |
Loans receivables: Ending balance | 62,309 | 75,137 | 62,309 | 75,137 | 67,587 | |
Loans receivables: Ending balance: individually evaluated for impairment | 8,751 | 10,344 | 8,751 | 10,344 | 9,885 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 53,558 | 64,793 | 53,558 | 64,793 | 57,702 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 10 | 141 | 17 | 102 | 102 | |
Allowance for loan losses: Provisions | (10) | (66) | (17) | (27) | (85) | |
Allowance for loan losses: Ending Balance | 75 | 75 | 17 | |||
Loans receivables: Ending balance | 68,767 | 88,328 | 68,767 | 88,328 | 79,308 | |
Loans receivables: Ending balance: individually evaluated for impairment | 6,281 | 6,989 | 6,281 | 6,989 | 6,775 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 62,486 | 81,339 | 62,486 | 81,339 | 72,533 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Charge-offs | [1] | 3 | ||||
Allowance for loan losses: Provisions | [1] | 3 | ||||
Loans receivables: Ending balance | [1] | 4,903 | 4,566 | 4,903 | 4,566 | 4,281 |
Loans receivables: Ending balance: collectively evaluated for impairment | [1] | 4,903 | 4,566 | 4,903 | 4,566 | 4,281 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | [2] | 44 | 46 | 50 | 58 | 58 |
Allowance for loan losses: Charge-offs | [2] | 68 | 3 | 68 | 106 | |
Allowance for loan losses: Recoveries | [2] | 3 | 1 | 14 | 2 | 3 |
Allowance for loan losses: Provisions | [2] | 9 | 52 | (5) | 39 | 95 |
Allowance for loan losses: Ending Balance | [2] | 56 | 31 | 56 | 31 | 50 |
Loans receivables: Ending balance | [2] | 16,580 | 20,713 | 16,580 | 20,713 | 18,851 |
Loans receivables: Ending balance: individually evaluated for impairment | [2] | 1,276 | 960 | 1,276 | 960 | 1,363 |
Loans receivables: Ending balance: collectively evaluated for impairment | [2] | 15,304 | 19,753 | 15,304 | 19,753 | 17,488 |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans receivables: Ending balance | 240 | 605 | 240 | 605 | 263 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 240 | 605 | 240 | 605 | 263 | |
Acquired Loans With Deteriorated Credit [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 67 | 97 | 68 | 323 | 323 | |
Allowance for loan losses: Charge-offs | 27 | 199 | 199 | |||
Allowance for loan losses: Recoveries | 130 | 129 | ||||
Allowance for loan losses: Provisions | (140) | 11 | (140) | (43) | (56) | |
Allowance for loan losses: Ending Balance | 57 | 81 | 57 | 81 | 68 | |
Loans receivables: Ending balance | 2,222 | 2,942 | 2,222 | 2,942 | 2,381 | |
Loans receivables: Ending balance: individually evaluated for impairment | 1,986 | 2,694 | 1,986 | 2,694 | 2,138 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 236 | 248 | 236 | 248 | 243 | |
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 47 | 60 | 47 | 64 | 64 | |
Allowance for loan losses: Provisions | (4) | (6) | (4) | (10) | (17) | |
Allowance for loan losses: Ending Balance | 43 | 54 | 43 | 54 | 47 | |
Loans receivables: Ending balance | 1,458 | 1,579 | 1,458 | 1,579 | 1,474 | |
Loans receivables: Ending balance: individually evaluated for impairment | 1,458 | 1,579 | 1,458 | 1,579 | 1,474 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | 13 | 23 | 14 | 23 | 23 | |
Allowance for loan losses: Provisions | 1 | (3) | (3) | (9) | ||
Allowance for loan losses: Ending Balance | 14 | 20 | 14 | 20 | 14 | |
Loans receivables: Ending balance | 764 | 1,119 | 764 | 1,119 | 669 | |
Loans receivables: Ending balance: individually evaluated for impairment | 528 | 871 | 528 | 871 | 426 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 236 | 248 | 236 | 248 | 243 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | [1] | 4 | 11 | 4 | 233 | 233 |
Allowance for loan losses: Charge-offs | [1] | 27 | 199 | 199 | ||
Allowance for loan losses: Recoveries | [1] | 130 | 129 | |||
Allowance for loan losses: Provisions | [1] | (134) | 20 | (133) | (30) | (30) |
Allowance for loan losses: Ending Balance | [1] | 4 | 4 | 4 | ||
Loans receivables: Ending balance | [1] | 167 | 167 | 167 | ||
Loans receivables: Ending balance: individually evaluated for impairment | [1] | 167 | 167 | 167 | ||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses: Beginning Balance | [2] | 3 | 3 | 3 | 3 | 3 |
Allowance for loan losses: Provisions | [2] | $ (3) | $ (3) | |||
Allowance for loan losses: Ending Balance | [2] | 3 | 3 | 3 | ||
Loans receivables: Ending balance | [2] | 77 | 77 | 71 | ||
Loans receivables: Ending balance: individually evaluated for impairment | [2] | $ 77 | $ 77 | $ 71 | ||
[1] | Includes business lines of credit. | |||||
[2] | Includes home equity lines of credit. |
Loans Receivable and Allowanc32
Loans Receivable and Allowance for Loan Losses (Non-accruing Loans) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | $ 21,067 | $ 23,447 | |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | 14,043 | 13,880 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | 3,389 | 2,603 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | 9,609 | 9,782 | |
Originated Loans [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | [1] | 638 | 718 |
Originated Loans [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | [2] | 407 | 777 |
Acquired Loans Recorded At Fair Value [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | 7,024 | 9,282 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | 4,940 | 5,592 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | 1,417 | 3,025 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | [2] | $ 667 | 665 |
Acquired Loans With Deteriorated Credit [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | 285 | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | [1] | 167 | |
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual loans | [2] | $ 118 | |
[1] | Includes business lines of credit. | ||
[2] | Includes home equity lines of credit. |
Loans Receivable and Allowanc33
Loans Receivable and Allowance for Loan Losses (Impaired Financing Receivables) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | $ 31,521 | $ 27,477 | $ 31,390 | $ 28,224 | ||
Average Recorded Investment - With an allowance recorded | 19,230 | 22,271 | 18,833 | 21,915 | ||
Interest Income Recognized - With no related allowance recorded | 233 | 292 | 465 | 586 | ||
Interest Income Recognized - With an allowance recorded | 133 | 163 | 266 | 322 | ||
Recorded Investment - With no related allowance recorded | 30,651 | 30,651 | $ 32,122 | |||
Recorded Investment - With an allowance recorded | 18,698 | 18,698 | 18,962 | |||
Recorded Investment - Total | 49,349 | 49,349 | 51,084 | |||
Unpaid Principal Balance - With no related allowance recorded | 32,703 | 32,703 | 35,078 | |||
Unpaid Principal Balance - With an allowance recorded | 19,292 | 19,292 | 19,846 | |||
Unpaid Principal Balance - Total | 51,995 | 51,995 | 54,924 | |||
Related Allowance | 4,215 | 4,215 | 3,723 | |||
Originated Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 18,959 | 13,437 | 17,777 | 14,176 | ||
Average Recorded Investment - With an allowance recorded | 13,276 | 15,589 | 13,215 | 15,342 | ||
Interest Income Recognized - With no related allowance recorded | 116 | 153 | 231 | 306 | ||
Interest Income Recognized - With an allowance recorded | 92 | 101 | 184 | 200 | ||
Recorded Investment - With no related allowance recorded | 18,312 | 18,312 | 17,238 | |||
Recorded Investment - With an allowance recorded | 12,743 | 12,743 | 13,685 | |||
Unpaid Principal Balance - With no related allowance recorded | 19,372 | 19,372 | 18,642 | |||
Unpaid Principal Balance - With an allowance recorded | 13,066 | 13,066 | 14,062 | |||
Related Allowance | 3,663 | 3,663 | 3,383 | |||
Originated Loans [Member] | Residential One-to-Four Family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 4,085 | 2,582 | 3,938 | 2,987 | ||
Average Recorded Investment - With an allowance recorded | 5,620 | 7,907 | 5,801 | 8,158 | ||
Interest Income Recognized - With no related allowance recorded | 23 | 26 | 47 | 51 | ||
Interest Income Recognized - With an allowance recorded | 64 | 77 | 128 | 153 | ||
Recorded Investment - With no related allowance recorded | 4,739 | 4,739 | 3,136 | |||
Recorded Investment - With an allowance recorded | 5,617 | 5,617 | 5,984 | |||
Unpaid Principal Balance - With no related allowance recorded | 4,806 | 4,806 | 3,199 | |||
Unpaid Principal Balance - With an allowance recorded | 5,621 | 5,621 | 5,993 | |||
Related Allowance | 506 | 506 | 594 | |||
Originated Loans [Member] | Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 10,313 | 7,338 | 10,687 | 7,362 | ||
Average Recorded Investment - With an allowance recorded | 4,258 | 3,469 | 3,910 | 3,221 | ||
Interest Income Recognized - With no related allowance recorded | 58 | 77 | 115 | 154 | ||
Interest Income Recognized - With an allowance recorded | 6 | 12 | ||||
Recorded Investment - With no related allowance recorded | 10,664 | 10,664 | 10,709 | |||
Recorded Investment - With an allowance recorded | 3,848 | 3,848 | 3,972 | |||
Unpaid Principal Balance - With no related allowance recorded | 10,862 | 10,862 | 10,934 | |||
Unpaid Principal Balance - With an allowance recorded | 3,929 | 3,929 | 3,972 | |||
Related Allowance | 1,132 | 1,132 | 1,069 | |||
Originated Loans [Member] | Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 1,492 | |||||
Originated Loans [Member] | Commercial Business [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | [1] | 2,030 | 2,646 | 2,046 | 2,961 | |
Average Recorded Investment - With an allowance recorded | [1] | 1,921 | 2,272 | 1,955 | 1,930 | |
Interest Income Recognized - With no related allowance recorded | [1] | 27 | 37 | 53 | 75 | |
Interest Income Recognized - With an allowance recorded | [1] | 20 | 23 | 39 | 46 | |
Recorded Investment - With no related allowance recorded | [1] | 1,968 | 1,968 | 2,123 | ||
Recorded Investment - With an allowance recorded | [1] | 1,830 | 1,830 | 2,080 | ||
Unpaid Principal Balance - With no related allowance recorded | [1] | 2,700 | 2,700 | 3,183 | ||
Unpaid Principal Balance - With an allowance recorded | [1] | 2,068 | 2,068 | 2,445 | ||
Related Allowance | [1] | 994 | 994 | 841 | ||
Originated Loans [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | [2] | 1,039 | 871 | 1,106 | 866 | |
Average Recorded Investment - With an allowance recorded | [2] | 214 | 374 | 186 | 376 | |
Interest Income Recognized - With no related allowance recorded | [2] | 8 | 13 | 16 | 26 | |
Interest Income Recognized - With an allowance recorded | [2] | 2 | 1 | 5 | 1 | |
Recorded Investment - With no related allowance recorded | [2] | 941 | 941 | 1,270 | ||
Recorded Investment - With an allowance recorded | [2] | 185 | 185 | 186 | ||
Unpaid Principal Balance - With no related allowance recorded | [2] | 1,004 | 1,004 | 1,326 | ||
Unpaid Principal Balance - With an allowance recorded | [2] | 185 | 185 | 189 | ||
Related Allowance | [2] | 5 | 5 | 3 | ||
Originated Loans [Member] | Consumer [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With an allowance recorded | 1,263 | 1,567 | 1,363 | 1,657 | ||
Recorded Investment - With an allowance recorded | 1,263 | 1,263 | 1,463 | |||
Unpaid Principal Balance - With an allowance recorded | 1,263 | 1,263 | 1,463 | |||
Related Allowance | 1,026 | 1,026 | 876 | |||
Acquired Loans Recorded At Fair Value [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 10,534 | 11,413 | 11,634 | 11,512 | ||
Average Recorded Investment - With an allowance recorded | 5,872 | 6,592 | 5,534 | 6,298 | ||
Interest Income Recognized - With no related allowance recorded | 88 | 101 | 175 | 204 | ||
Interest Income Recognized - With an allowance recorded | 41 | 60 | 82 | 118 | ||
Recorded Investment - With no related allowance recorded | 10,353 | 10,353 | 12,913 | |||
Recorded Investment - With an allowance recorded | 5,955 | 5,955 | 5,110 | |||
Unpaid Principal Balance - With no related allowance recorded | 10,687 | 10,687 | 13,626 | |||
Unpaid Principal Balance - With an allowance recorded | 6,226 | 6,226 | 5,416 | |||
Related Allowance | 552 | 552 | 340 | |||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 5,308 | 5,840 | 6,223 | 5,964 | ||
Average Recorded Investment - With an allowance recorded | 3,782 | 4,101 | 3,096 | 4,100 | ||
Interest Income Recognized - With no related allowance recorded | 31 | 48 | 62 | 97 | ||
Interest Income Recognized - With an allowance recorded | 20 | 35 | 39 | 70 | ||
Recorded Investment - With no related allowance recorded | 4,799 | 4,799 | 7,646 | |||
Recorded Investment - With an allowance recorded | 3,952 | 3,952 | 2,239 | |||
Unpaid Principal Balance - With no related allowance recorded | 4,972 | 4,972 | 8,082 | |||
Unpaid Principal Balance - With an allowance recorded | 4,171 | 4,171 | 2,402 | |||
Related Allowance | 447 | 447 | 219 | |||
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 4,637 | 4,837 | 4,703 | 4,926 | ||
Average Recorded Investment - With an allowance recorded | 1,360 | 2,148 | 1,826 | 1,758 | ||
Interest Income Recognized - With no related allowance recorded | 52 | 48 | 104 | 97 | ||
Interest Income Recognized - With an allowance recorded | 16 | 20 | 16 | 39 | ||
Recorded Investment - With no related allowance recorded | 5,022 | 5,022 | 4,383 | |||
Recorded Investment - With an allowance recorded | 1,259 | 1,259 | 2,392 | |||
Unpaid Principal Balance - With no related allowance recorded | 5,090 | 5,090 | 4,483 | |||
Unpaid Principal Balance - With an allowance recorded | 1,262 | 1,262 | 2,496 | |||
Related Allowance | 58 | 58 | 85 | |||
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | [2] | 589 | 736 | 708 | 622 | |
Average Recorded Investment - With an allowance recorded | [2] | 730 | 343 | 612 | 440 | |
Interest Income Recognized - With no related allowance recorded | [2] | 5 | 5 | 9 | 10 | |
Interest Income Recognized - With an allowance recorded | [2] | 5 | 5 | 27 | 9 | |
Recorded Investment - With no related allowance recorded | [2] | 532 | 532 | 884 | ||
Recorded Investment - With an allowance recorded | [2] | 744 | 744 | 479 | ||
Unpaid Principal Balance - With no related allowance recorded | [2] | 625 | 625 | 1,061 | ||
Unpaid Principal Balance - With an allowance recorded | [2] | 793 | 793 | 518 | ||
Related Allowance | [2] | 47 | 47 | 36 | ||
Acquired Loans With Deteriorated Credit [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 2,028 | 2,627 | 1,979 | 2,536 | ||
Average Recorded Investment - With an allowance recorded | 82 | 90 | 84 | 275 | ||
Interest Income Recognized - With no related allowance recorded | 29 | 38 | 59 | 76 | ||
Interest Income Recognized - With an allowance recorded | 0 | 2 | 0 | 4 | ||
Recorded Investment - With no related allowance recorded | 1,986 | 1,986 | 1,971 | |||
Recorded Investment - With an allowance recorded | 167 | |||||
Unpaid Principal Balance - With no related allowance recorded | 2,644 | 2,644 | 2,810 | |||
Unpaid Principal Balance - With an allowance recorded | 368 | |||||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 1,462 | 1,494 | 1,466 | 1,498 | ||
Average Recorded Investment - With an allowance recorded | 90 | 90 | ||||
Interest Income Recognized - With no related allowance recorded | 22 | 30 | 45 | 60 | ||
Interest Income Recognized - With an allowance recorded | 2 | 4 | ||||
Recorded Investment - With no related allowance recorded | 1,458 | 1,458 | 1,474 | |||
Unpaid Principal Balance - With no related allowance recorded | 2,085 | 2,085 | 2,101 | |||
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | 529 | 873 | 477 | 874 | ||
Interest Income Recognized - With no related allowance recorded | 7 | 8 | 14 | 16 | ||
Recorded Investment - With no related allowance recorded | 528 | 528 | 426 | |||
Unpaid Principal Balance - With no related allowance recorded | 559 | 559 | 574 | |||
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | [1] | 181 | 84 | |||
Average Recorded Investment - With an allowance recorded | [1] | 82 | 84 | 185 | ||
Recorded Investment - With an allowance recorded | [1] | 167 | ||||
Unpaid Principal Balance - With an allowance recorded | [1] | 368 | ||||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Average Recorded Investment - With no related allowance recorded | [2] | $ 37 | $ 79 | $ 36 | $ 80 | |
Recorded Investment - With no related allowance recorded | [2] | 71 | ||||
Unpaid Principal Balance - With no related allowance recorded | [2] | $ 135 | ||||
[1] | Includes business lines of credit. | |||||
[2] | Includes home equity lines of credit. |
Loans Receivable and Allowanc34
Loans Receivable and Allowance for Loan Losses (Troubled Debt Restructurings on Financing Receivables) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2016USD ($)loan | Jun. 30, 2015USD ($)loan | Jun. 30, 2016USD ($)loan | Jun. 30, 2015USD ($)loan | Dec. 31, 2015USD ($)loan | ||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 83 | 83 | 86 | |||
Amount | $ 28,069 | $ 28,069 | $ 28,510 | |||
Number of Contracts | loan | 0 | 3 | 2 | 5 | ||
Pre-Modification Outstanding Recorded Investments | $ 2,126 | $ 294 | $ 2,591 | |||
Post-Modification Outstanding Recorded Investments | $ 2,142 | $ 294 | $ 2,621 | |||
Number of Contracts, Subsequent Default | loan | 1 | 3 | 1 | 4 | ||
Recorded Investment, Subsequent Default | $ 226 | $ 1,317 | $ 246 | $ 2,154 | ||
Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 55 | 55 | 54 | |||
Amount | $ 18,953 | $ 18,953 | $ 18,038 | |||
Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 28 | 28 | 32 | |||
Amount | $ 9,116 | $ 9,116 | $ 10,472 | |||
Consumer [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Amount | $ 0 | $ 0 | ||||
Originated Loans [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 33 | 33 | 28 | |||
Amount | $ 13,164 | $ 13,164 | $ 12,367 | |||
Number of Contracts | loan | 1 | 1 | 1 | |||
Pre-Modification Outstanding Recorded Investments | $ 836 | $ 71 | $ 836 | |||
Post-Modification Outstanding Recorded Investments | $ 836 | $ 71 | $ 836 | |||
Number of Contracts, Subsequent Default | loan | 1 | 1 | 1 | 2 | ||
Recorded Investment, Subsequent Default | $ 226 | $ 63 | $ 246 | $ 899 | ||
Originated Loans [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 16 | 16 | 13 | |||
Amount | $ 7,301 | $ 7,301 | $ 6,384 | |||
Originated Loans [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 17 | 17 | 15 | |||
Amount | $ 5,863 | $ 5,863 | $ 5,983 | |||
Originated Loans [Member] | Residential One-to-Four Family [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 8 | 8 | 7 | |||
Amount | $ 2,711 | $ 2,711 | $ 2,669 | |||
Number of Contracts | loan | 1 | 1 | 1 | |||
Pre-Modification Outstanding Recorded Investments | $ 836 | $ 71 | $ 836 | |||
Post-Modification Outstanding Recorded Investments | $ 836 | $ 71 | $ 836 | |||
Number of Contracts, Subsequent Default | loan | 1 | |||||
Recorded Investment, Subsequent Default | $ 836 | |||||
Originated Loans [Member] | Residential One-to-Four Family [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 7 | 7 | 6 | |||
Amount | $ 2,645 | $ 2,645 | $ 1,845 | |||
Originated Loans [Member] | Residential One-to-Four Family [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 1 | 1 | 1 | |||
Amount | $ 66 | $ 66 | $ 824 | |||
Originated Loans [Member] | Commercial & Multi-family [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 18 | 18 | 13 | |||
Amount | $ 8,495 | $ 8,495 | $ 7,567 | |||
Originated Loans [Member] | Commercial & Multi-family [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 4 | 4 | 4 | |||
Amount | $ 3,124 | $ 3,124 | $ 3,270 | |||
Originated Loans [Member] | Commercial & Multi-family [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 14 | 14 | 9 | |||
Amount | $ 5,371 | $ 5,371 | $ 4,297 | |||
Originated Loans [Member] | Construction [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 0 | |||||
Amount | $ 0 | $ 0 | $ 0 | |||
Originated Loans [Member] | Commercial Business [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [1] | 3 | 3 | 3 | ||
Amount | [1] | $ 1,373 | $ 1,373 | $ 1,483 | ||
Number of Contracts, Subsequent Default | loan | [1] | 1 | 1 | |||
Recorded Investment, Subsequent Default | [1] | $ 226 | $ 246 | |||
Originated Loans [Member] | Commercial Business [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [1] | 2 | 2 | 1 | ||
Amount | [1] | $ 998 | $ 998 | $ 778 | ||
Originated Loans [Member] | Commercial Business [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [1] | 1 | 1 | 2 | ||
Amount | [1] | $ 375 | $ 375 | $ 705 | ||
Originated Loans [Member] | Home Equity [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 4 | 4 | 5 | ||
Amount | [2] | $ 585 | $ 585 | $ 648 | ||
Number of Contracts, Subsequent Default | loan | [2] | 1 | 1 | |||
Recorded Investment, Subsequent Default | [2] | $ 63 | $ 63 | |||
Originated Loans [Member] | Home Equity [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 3 | 3 | 2 | ||
Amount | [2] | $ 534 | $ 534 | $ 491 | ||
Originated Loans [Member] | Home Equity [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 1 | 1 | 3 | ||
Amount | [2] | $ 51 | $ 51 | $ 157 | ||
Originated Loans [Member] | Consumer [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 0 | |||||
Amount | $ 0 | |||||
Acquired Loans Recorded At Fair Value [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 44 | 44 | 49 | |||
Amount | $ 12,261 | $ 12,261 | $ 13,183 | |||
Number of Contracts | loan | 2 | 1 | 4 | |||
Pre-Modification Outstanding Recorded Investments | $ 1,290 | $ 223 | $ 1,755 | |||
Post-Modification Outstanding Recorded Investments | $ 1,306 | $ 223 | $ 1,785 | |||
Number of Contracts, Subsequent Default | loan | 0 | 2 | 2 | |||
Recorded Investment, Subsequent Default | $ 0 | $ 1,254 | $ 1,255 | |||
Acquired Loans Recorded At Fair Value [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 33 | 33 | 34 | |||
Amount | $ 9,008 | $ 9,008 | $ 8,979 | |||
Acquired Loans Recorded At Fair Value [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 11 | 11 | 15 | |||
Amount | $ 3,253 | $ 3,253 | $ 4,204 | |||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 25 | 25 | 29 | |||
Amount | $ 6,163 | $ 6,163 | $ 7,006 | |||
Number of Contracts | loan | 1 | 3 | ||||
Pre-Modification Outstanding Recorded Investments | $ 1,067 | $ 1,532 | ||||
Post-Modification Outstanding Recorded Investments | $ 1,083 | $ 1,562 | ||||
Number of Contracts, Subsequent Default | loan | 2 | 2 | ||||
Recorded Investment, Subsequent Default | $ 1,254 | $ 1,255 | ||||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 16 | 16 | 16 | |||
Amount | $ 3,712 | $ 3,712 | $ 3,604 | |||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 9 | 9 | 13 | |||
Amount | $ 2,451 | $ 2,451 | $ 3,402 | |||
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 14 | 14 | 14 | |||
Amount | $ 5,446 | $ 5,446 | $ 5,445 | |||
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 13 | 13 | 13 | |||
Amount | $ 4,864 | $ 4,864 | $ 4,863 | |||
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 1 | 1 | 1 | |||
Amount | $ 582 | $ 582 | $ 582 | |||
Acquired Loans Recorded At Fair Value [Member] | Construction [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 0 | |||||
Amount | 0 | 0 | $ 0 | |||
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [1] | 0 | ||||
Amount | [1] | $ 0 | $ 0 | $ 0 | ||
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 5 | 5 | 6 | ||
Amount | [2] | $ 652 | $ 652 | $ 732 | ||
Number of Contracts | loan | [2] | 1 | 1 | 1 | ||
Pre-Modification Outstanding Recorded Investments | [2] | $ 223 | $ 223 | $ 223 | ||
Post-Modification Outstanding Recorded Investments | [2] | $ 223 | $ 223 | $ 223 | ||
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 4 | 4 | 5 | ||
Amount | [2] | $ 432 | $ 432 | $ 512 | ||
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 1 | 1 | 1 | ||
Amount | [2] | $ 220 | $ 220 | $ 220 | ||
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 0 | |||||
Amount | $ 0 | $ 0 | $ 0 | |||
Acquired Loans With Deteriorated Credit [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 6 | 6 | 9 | |||
Amount | $ 2,644 | $ 2,644 | $ 2,960 | |||
Number of Contracts, Subsequent Default | loan | 0 | 0 | ||||
Recorded Investment, Subsequent Default | $ 0 | $ 0 | ||||
Acquired Loans With Deteriorated Credit [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 6 | 6 | 7 | |||
Amount | $ 2,644 | $ 2,644 | $ 2,675 | |||
Acquired Loans With Deteriorated Credit [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 2 | |||||
Amount | $ 285 | |||||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 5 | 5 | 5 | |||
Amount | $ 2,085 | $ 2,085 | $ 2,101 | |||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 5 | 5 | 5 | |||
Amount | $ 2,085 | $ 2,085 | $ 2,101 | |||
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 1 | 1 | 2 | |||
Amount | $ 559 | $ 559 | $ 574 | |||
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | Accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | 1 | 1 | 2 | |||
Amount | $ 559 | $ 559 | $ 574 | |||
Acquired Loans With Deteriorated Credit [Member] | Construction [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Amount | 0 | 0 | ||||
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [1] | 1 | ||||
Amount | [1] | 0 | 0 | $ 167 | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [1] | 1 | ||||
Amount | [1] | $ 167 | ||||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 1 | ||||
Amount | [2] | 0 | 0 | $ 118 | ||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | Non-accrual [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Number of Loans | loan | [2] | 1 | ||||
Amount | [2] | $ 118 | ||||
Acquired Loans With Deteriorated Credit [Member] | Consumer [Member] | ||||||
Financing Receivable, Modifications [Line Items] | ||||||
Amount | $ 0 | $ 0 | ||||
[1] | Includes business lines of credit. | |||||
[2] | Includes home equity lines of credit. |
Loans Receivable and Allowanc35
Loans Receivable and Allowance for Loan Losses (Delinquency Status of Total Loans Receivable) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | $ 78,449 | $ 49,444 | |
Current | 1,366,981 | 1,391,170 | |
Total Loans Receivable | 1,445,430 | 1,440,614 | |
Loans Receivable >90 Days and Accruing | 316 | 586 | |
30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 43,476 | 28,743 | |
60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 22,093 | 6,185 | |
Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 12,880 | 14,516 | |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 68,449 | 35,863 | |
Current | 1,221,960 | 1,232,080 | |
Total Loans Receivable | 1,290,409 | 1,267,943 | |
Loans Receivable >90 Days and Accruing | 0 | 578 | |
Originated Loans [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 39,594 | 22,089 | |
Originated Loans [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 20,534 | 4,561 | |
Originated Loans [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 8,321 | 9,213 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 8,267 | 5,858 | |
Current | 111,062 | 111,307 | |
Total Loans Receivable | 119,329 | 117,165 | |
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 3,939 | 3,495 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 1,201 | 786 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 3,127 | 1,577 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 48,651 | 22,320 | |
Current | 959,847 | 960,508 | |
Total Loans Receivable | 1,008,498 | 982,828 | |
Loans Receivable >90 Days and Accruing | 0 | 578 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 30,453 | 12,491 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 13,375 | 3,362 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 4,823 | 6,467 | |
Originated Loans [Member] | Construction [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 6,749 | 4,757 | |
Current | 65,021 | 59,251 | |
Total Loans Receivable | 71,770 | 64,008 | |
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Originated Loans [Member] | Construction [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 1,653 | 4,677 | |
Originated Loans [Member] | Construction [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 5,096 | 80 | |
Originated Loans [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 3,870 | 1,593 |
Current | [1] | 53,630 | 68,747 |
Total Loans Receivable | [1] | 57,500 | 70,340 |
Loans Receivable >90 Days and Accruing | [1] | 0 | 0 |
Originated Loans [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 2,994 | 909 |
Originated Loans [Member] | Commercial Business [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 683 | |
Originated Loans [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 193 | 684 |
Originated Loans [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 899 | 1,335 |
Current | [2] | 30,710 | 29,902 |
Total Loans Receivable | [2] | 31,609 | 31,237 |
Loans Receivable >90 Days and Accruing | [2] | 0 | 0 |
Originated Loans [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 542 | 517 |
Originated Loans [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 179 | 333 |
Originated Loans [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 178 | 485 |
Originated Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 13 | ||
Current | 1,690 | 2,365 | |
Total Loans Receivable | 1,703 | 2,365 | |
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Originated Loans [Member] | Consumer [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 13 | ||
Acquired Loans Recorded At Fair Value [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 10,000 | 13,162 | |
Current | 142,799 | 157,128 | |
Total Loans Receivable | 152,799 | 170,290 | |
Loans Receivable >90 Days and Accruing | 316 | 0 | |
Acquired Loans Recorded At Fair Value [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 3,882 | 6,410 | |
Acquired Loans Recorded At Fair Value [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 1,559 | 1,624 | |
Acquired Loans Recorded At Fair Value [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 4,559 | 5,128 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 5,960 | 7,163 | |
Current | 56,349 | 60,424 | |
Total Loans Receivable | 62,309 | 67,587 | |
Loans Receivable >90 Days and Accruing | 251 | 0 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 1,557 | 3,340 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 1,132 | 311 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 3,271 | 3,512 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 2,820 | 4,511 | |
Current | 65,947 | 74,797 | |
Total Loans Receivable | 68,767 | 79,308 | |
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 1,853 | 1,913 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 63 | 1,313 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 904 | 1,285 | |
Acquired Loans Recorded At Fair Value [Member] | Construction [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 65 | 418 |
Current | [1] | 4,838 | 3,863 |
Total Loans Receivable | [1] | 4,903 | 4,281 |
Loans Receivable >90 Days and Accruing | [1] | 65 | 0 |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 418 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 65 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 1,145 | 1,058 |
Current | [2] | 15,435 | 17,793 |
Total Loans Receivable | [2] | 16,580 | 18,851 |
Loans Receivable >90 Days and Accruing | [2] | 0 | 0 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 462 | 727 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 364 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [2] | 319 | 331 |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 10 | 12 | |
Current | 230 | 251 | |
Total Loans Receivable | 240 | 263 | |
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 10 | 12 | |
Acquired Loans With Deteriorated Credit [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 419 | ||
Current | 2,222 | 1,962 | |
Total Loans Receivable | 2,222 | 2,381 | |
Loans Receivable >90 Days and Accruing | 0 | 8 | |
Acquired Loans With Deteriorated Credit [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 244 | ||
Acquired Loans With Deteriorated Credit [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 175 | ||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current | 1,458 | 1,474 | |
Total Loans Receivable | 1,458 | 1,474 | |
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 252 | ||
Current | 764 | 417 | |
Total Loans Receivable | 764 | 669 | |
Loans Receivable >90 Days and Accruing | 0 | 8 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 244 | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | 8 | ||
Acquired Loans With Deteriorated Credit [Member] | Construction [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans Receivable >90 Days and Accruing | 0 | 0 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 167 | |
Total Loans Receivable | [1] | 167 | |
Loans Receivable >90 Days and Accruing | [1] | 0 | 0 |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Past Due | [1] | 167 | |
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current | [2] | 71 | |
Total Loans Receivable | [2] | 71 | |
Loans Receivable >90 Days and Accruing | [2] | 0 | 0 |
Acquired Loans With Deteriorated Credit [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans Receivable >90 Days and Accruing | $ 0 | $ 0 | |
[1] | Includes business lines of credit. | ||
[2] | Includes home equity lines of credit. |
Loans Receivable and Allowanc36
Loans Receivable and Allowance for Loan Losses (Financing Receivable Credit Quality Indicators) (Details) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | $ 1,445,430,000 | $ 1,440,614,000 | $ 1,409,346,000 | |
Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,394,181,000 | 1,386,848,000 | ||
Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 17,662,000 | 15,750,000 | ||
Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 33,587,000 | 38,016,000 | ||
Doubtful [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 0 | |||
Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 183,096,000 | 186,226,000 | 211,510,000 | |
Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,078,029,000 | 1,062,805,000 | 983,686,000 | |
Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 71,770,000 | 64,008,000 | 86,751,000 | |
Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 62,403,000 | 74,788,000 | 72,394,000 |
Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 48,189,000 | 50,159,000 | 52,538,000 |
Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,943,000 | 2,628,000 | 2,467,000 | |
Originated Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,290,409,000 | 1,267,943,000 | 1,217,055,000 | |
Originated Loans [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,254,267,000 | 1,233,317,000 | ||
Originated Loans [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 13,630,000 | 10,203,000 | ||
Originated Loans [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 22,512,000 | 24,423,000 | ||
Originated Loans [Member] | Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 119,329,000 | 117,165,000 | 134,794,000 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 109,302,000 | 108,259,000 | ||
Originated Loans [Member] | Residential One-to-Four Family [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 6,448,000 | 4,857,000 | ||
Originated Loans [Member] | Residential One-to-Four Family [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 3,579,000 | 4,049,000 | ||
Originated Loans [Member] | Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,008,498,000 | 982,828,000 | 894,239,000 | |
Originated Loans [Member] | Commercial & Multi-family [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 990,372,000 | 966,229,000 | ||
Originated Loans [Member] | Commercial & Multi-family [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 4,158,000 | 1,868,000 | ||
Originated Loans [Member] | Commercial & Multi-family [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 13,968,000 | 14,731,000 | ||
Originated Loans [Member] | Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 71,770,000 | 64,008,000 | 86,751,000 | |
Originated Loans [Member] | Construction [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 71,289,000 | 63,292,000 | ||
Originated Loans [Member] | Construction [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 481,000 | 716,000 | ||
Originated Loans [Member] | Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 57,500,000 | 70,340,000 | 67,661,000 |
Originated Loans [Member] | Commercial Business [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 52,145,000 | 64,645,000 | |
Originated Loans [Member] | Commercial Business [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 1,985,000 | 2,018,000 | |
Originated Loans [Member] | Commercial Business [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 3,370,000 | 3,677,000 | |
Originated Loans [Member] | Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 31,609,000 | 31,237,000 | 31,748,000 |
Originated Loans [Member] | Home Equity [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 30,619,000 | 29,694,000 | |
Originated Loans [Member] | Home Equity [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 532,000 | 714,000 | |
Originated Loans [Member] | Home Equity [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 458,000 | 829,000 | |
Originated Loans [Member] | Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,703,000 | 2,365,000 | 1,862,000 | |
Originated Loans [Member] | Consumer [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 540,000 | 1,198,000 | ||
Originated Loans [Member] | Consumer [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 26,000 | 30,000 | ||
Originated Loans [Member] | Consumer [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,137,000 | 1,137,000 | ||
Acquired Loans Recorded At Fair Value [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 152,799,000 | 170,290,000 | 189,349,000 | |
Acquired Loans Recorded At Fair Value [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 139,531,000 | 153,247,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 2,925,000 | 4,736,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 10,343,000 | 12,307,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 62,309,000 | 67,587,000 | 75,137,000 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 55,548,000 | 58,362,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,185,000 | 2,574,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 5,576,000 | 6,651,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 68,767,000 | 79,308,000 | 88,328,000 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 63,249,000 | 72,770,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,732,000 | 1,780,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Commercial & Multi-family [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 3,786,000 | 4,758,000 | ||
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 4,903,000 | 4,281,000 | 4,566,000 |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 4,903,000 | 4,281,000 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 16,580,000 | 18,851,000 | 20,713,000 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 15,591,000 | 17,571,000 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 8,000 | 382,000 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 981,000 | 898,000 | |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 240,000 | 263,000 | 605,000 | |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 240,000 | 263,000 | ||
Acquired Loans With Deteriorated Credit [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 2,222,000 | 2,381,000 | 2,942,000 | |
Acquired Loans With Deteriorated Credit [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 383,000 | 284,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,107,000 | 811,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 732,000 | 1,286,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 1,458,000 | 1,474,000 | 1,579,000 | |
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 147,000 | 147,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 579,000 | 279,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 732,000 | 1,048,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 764,000 | 669,000 | 1,119,000 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | Pass [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 236,000 | 137,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial & Multi-family [Member] | Special Mention [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | $ 528,000 | 532,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 167,000 | 167,000 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [1] | 167,000 | ||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | 71,000 | $ 77,000 | |
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | [2] | $ 71,000 | ||
[1] | Includes business lines of credit. | |||
[2] | Includes home equity lines of credit. |
Loans Receivable and Allowanc37
Loans Receivable and Allowance for Loan Losses (Inclusions in the Consolidated Statements of Financial Condition) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Loans Receivable and Allowance for Loan Losses [Abstract] | ||
Unpaid principle balance | $ 161,922 | $ 183,046 |
Recorded investment | $ 155,021 | $ 172,671 |
Loans Receivable and Allowanc38
Loans Receivable and Allowance for Loan Losses (Accretable And Non-Accretable Discount on Loans Acquired) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Loans Receivable and Allowance for Loan Losses [Abstract] | ||||
Beginning Balance | $ 49,879 | $ 66,934 | $ 53,612 | $ 70,522 |
Accretion | (3,674) | (5,467) | (7,602) | (9,138) |
Net Reclassification from Non-Accretable Difference | 127 | 472 | 322 | 555 |
Ending Balance | 46,332 | 61,939 | 46,332 | 61,939 |
Non-accretable yield, beginning balance | 2,846 | 3,690 | 3,041 | 3,773 |
Loans sold | ||||
Net Reclassification to Accretable Difference | (127) | (472) | (322) | (555) |
Non-accretable yield, ending balance | $ 2,719 | $ 3,218 | $ 2,719 | $ 3,218 |
Fair Values of Financial Inst39
Fair Values of Financial Instruments (Narrative) (Details) - USD ($) | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Transfers between fair value hierarchy | $ 0 | $ 0 | |
Impaired loans | 18,698,000 | $ 18,962,000 | |
Valuation allowance | 4,215,000 | 3,723,000 | |
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired loans | 19,800,000 | 19,000,000 | |
Valuation allowance | $ 3,800,000 | $ 3,790,000 |
Fair Values of Financial Inst40
Fair Values of Financial Instruments (Fair Value Measurements, Recurring) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Residential mortgage-backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 18,365 | $ 9,623 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Residential mortgage-backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | ||
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 18,365 | 9,623 |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Residential mortgage-backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 18,365 | 9,623 |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | Residential mortgage-backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale |
Fair Values of Financial Inst41
Fair Values of Financial Instruments (Fair Value Measurements, Nonrecurring) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired Loans | $ 14,483 | $ 15,239 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 1,328 | 1,564 |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired Loans | ||
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired Loans | ||
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired Loans | 14,483 | 15,239 |
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | ||
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | ||
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 1,328 | $ 1,564 |
Fair Values of Financial Inst42
Fair Values of Financial Instruments (Quantitative Information about Level 3 Fair Value Measurements) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Dec. 31, 2015 | ||
Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired Loans | $ 14,483 | $ 15,239 | |
Other Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other real estate owned | 1,328 | 1,564 | |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired Loans | 14,483 | 15,239 | |
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other real estate owned | 1,328 | 1,564 | |
Appraisal of Collateral [Member] | Appraisal Adjustments [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired Loans | $ 14,483 | $ 15,239 | |
Valuation Techniques | [1] | Appraisal of collateral | Appraisal of collateral |
Unobservable Input | [2] | Appraisal adjustments | Appraisal adjustments |
Appraisal of Collateral [Member] | Appraisal Adjustments [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Minimum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 0.00% | 0.00% | |
Appraisal of Collateral [Member] | Appraisal Adjustments [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Maximum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 10.00% | 10.00% | |
Appraisal of Collateral [Member] | Appraisal Adjustments [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other real estate owned | $ 1,328 | $ 1,564 | |
Valuation Techniques | [1] | Appraisal of collateral | Appraisal of collateral |
Unobservable Input | [2] | Appraisal adjustments | Appraisal adjustments |
Appraisal of Collateral [Member] | Appraisal Adjustments [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Minimum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 0.00% | 0.00% | |
Appraisal of Collateral [Member] | Appraisal Adjustments [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Maximum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 10.00% | 10.00% | |
Appraisal of Collateral [Member] | Liquidation Expenses [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Unobservable Input | [3] | Liquidation expenses | Liquidation expenses |
Appraisal of Collateral [Member] | Liquidation Expenses [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Minimum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 0.00% | 0.00% | |
Appraisal of Collateral [Member] | Liquidation Expenses [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | Maximum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 10.00% | 10.00% | |
Appraisal of Collateral [Member] | Liquidation Expenses [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Unobservable Input | [3] | Liquidation expenses | Liquidation expenses |
Appraisal of Collateral [Member] | Liquidation Expenses [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Minimum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 0.00% | 0.00% | |
Appraisal of Collateral [Member] | Liquidation Expenses [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Maximum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Range | 10.00% | 10.00% | |
[1] | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. | ||
[2] | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | ||
[3] | Includes qualitative adjustments by management and estimated liquidation expenses. |
Fair Values of Financial Inst43
Fair Values of Financial Instruments (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | $ 15,277 | $ 132,635 |
Interest-earning time deposits | 220,497 | 1,238 |
Securities available for sale | 18,365 | 9,623 |
Loans held for sale | 4,875 | 1,983 |
Loans receivable, net | 1,424,891 | 1,420,118 |
FHLB of New York stock, at cost | 11,016 | 10,711 |
Accrued interest receivable | 5,757 | 5,595 |
Deposits | 1,394,305 | 1,273,929 |
Borrowings | 200,000 | 200,000 |
Subordinated debentures | 4,124 | 4,124 |
Accrued interest payable | 1,052 | 1,053 |
Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 15,277 | 132,635 |
Interest-earning time deposits | 220,497 | 1,238 |
Securities available for sale | 18,365 | 9,623 |
Loans held for sale | 4,891 | 2,004 |
Loans receivable, net | 1,469,691 | 1,443,739 |
FHLB of New York stock, at cost | 11,016 | 10,711 |
Accrued interest receivable | 5,757 | 5,595 |
Deposits | 1,399,010 | 1,270,267 |
Borrowings | 204,009 | 202,948 |
Subordinated debentures | 4,207 | 4,185 |
Accrued interest payable | 1,052 | 1,053 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 15,277 | 132,635 |
Interest-earning time deposits | 220,497 | 1,238 |
Deposits | 770,278 | 653,763 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 18,365 | 9,623 |
Loans held for sale | 4,891 | 2,004 |
FHLB of New York stock, at cost | 11,016 | 10,711 |
Accrued interest receivable | 5,757 | 5,595 |
Deposits | 628,732 | 616,504 |
Borrowings | 204,009 | 202,948 |
Subordinated debentures | 4,207 | 4,185 |
Accrued interest payable | 1,052 | 1,053 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans receivable, net | $ 1,469,691 | $ 1,443,739 |