Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 03, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2017 | |
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 | 11,289,585 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and amounts due from depository institutions | $ 15,252 | $ 12,121 |
Interest-earning deposits | 99,170 | 52,917 |
Total cash and cash equivalents | 114,422 | 65,038 |
Interest-earning time deposits | 980 | 980 |
Securities available for sale | 106,183 | 94,765 |
Loans held for sale | 770 | 4,153 |
Loans receivable, net of allowance for loan losses of $17,526 and $17,209, respectively | 1,528,756 | 1,485,159 |
Federal Home Loan Bank of New York stock, at cost | 8,991 | 9,306 |
Premises and equipment, net | 20,255 | 19,382 |
Accrued interest receivable | 5,714 | 5,573 |
Other real estate owned | 2,585 | 3,525 |
Deferred income taxes | 8,649 | 9,953 |
Other assets | 8,027 | 10,374 |
Total Assets | 1,805,332 | 1,708,208 |
LIABILITIES | ||
Non-interest bearing deposits | 175,462 | 158,523 |
Interest bearing deposits | 1,338,382 | 1,233,682 |
Total deposits | 1,513,844 | 1,392,205 |
Short-term debt | 20,000 | |
Long-term debt | 155,000 | 155,000 |
Subordinated debentures | 4,124 | 4,124 |
Other liabilities and accrued interest payable | 5,353 | 5,798 |
Total Liabilities | 1,678,321 | 1,577,127 |
STOCKHOLDERS' EQUITY | ||
Preferred stock: $0.01 par value, 10,000,000 shares authorized, issued and outstanding 916 shares of series C 6% and series D 4.5% noncumulative perpetual preferred stock (liquidation value $10,000 per share) at March 31, 2017 and 1,560 shares of series A, series B, series C 6% at December 31, 2016 | ||
Additional paid-in capital preferred stock | 8,981 | 15,464 |
Common stock; no par value; 20,000,000 shares authorized, issued 13,820,048 and 13,797,088 at March 31, 2017 and December 31, 2016, respectively, outstanding 11,289,585 and 11,267,225 shares, respectively | ||
Additional paid-in capital common stock | 120,761 | 120,417 |
Retained earnings | 29,377 | 28,159 |
Accumulated other comprehensive (loss) | (2,997) | (3,856) |
Treasury stock, at cost, 2,530,463 and 2.529,863, respectively at March 31, 2017 and December 31, 2016 | (29,111) | (29,103) |
Total Stockholders' Equity | 127,011 | 131,081 |
Total Liabilites and Stockholders' equity | $ 1,805,332 | $ 1,708,208 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Loans receivable, allowance for loan losses | $ 17,526 | $ 17,209 |
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 916 | 1,560 |
Preferred stock, shares outstanding | 916 | 1,560 |
Preferred stock, dividend rate | 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 | 13,820,048 | 13,797,088 |
Common stock, shares outstanding | 11,289,585 | 11,267,225 |
Treasury stock, shares | 2,530,463 | 2,529,863 |
Series C Preferred Stock [Member] | ||
Preferred stock, dividend rate | 6.00% | 6.00% |
Series D Preferred Stock [Member] | ||
Preferred stock, dividend rate | 4.50% |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest income: | ||
Loans, including fees | $ 17,542 | $ 17,493 |
Investments, taxable | 665 | 200 |
Investments, non-taxable | 103 | |
Other interest-earning assets | 145 | 138 |
Total interest income | 18,455 | 17,831 |
Deposits: | ||
Demand | 673 | 362 |
Savings and club | 99 | 89 |
Certificates of deposit | 2,011 | 2,034 |
Total deposits | 2,783 | 2,485 |
Borrowed money | 1,067 | 1,648 |
Total interest expense | 3,850 | 4,133 |
Net interest income | 14,605 | 13,698 |
Provision for loan losses | 498 | 189 |
Net interest income after provision for loan losses | 14,107 | 13,509 |
Non-interest income: | ||
Fees and service charges | 796 | 711 |
Gain on sales of loans | 338 | 924 |
Gain on sales of other real estate owned | 1,151 | |
Other | 28 | 19 |
Total non-interest income | 2,313 | 1,654 |
Non-interest expense: | ||
Salaries and employee benefits | 6,090 | 6,024 |
Occupancy and Equipment | 2,158 | 1,872 |
Data processing service fees | 653 | 1,062 |
Professional fees | 363 | 427 |
Director fees | 180 | 153 |
Regulatory assessments | 361 | 350 |
Advertising and promotional | 143 | 363 |
Other real estate owned, net | 42 | 16 |
Other | 1,572 | 1,470 |
Total non-interest expense | 11,562 | 11,737 |
Income before income tax provision | 4,858 | 3,426 |
Income tax provision | 1,945 | 1,391 |
Net Income | 2,913 | 2,035 |
Preferred stock dividends | 118 | 234 |
Net Income available to common stockholders | $ 2,795 | $ 1,801 |
Net Income per common share-basic and diluted | ||
Basic | $ 0.25 | $ 0.16 |
Diluted | $ 0.25 | $ 0.16 |
Weighted average number of common shares outstanding | ||
Basic | 11,278 | 11,217 |
Diluted | 11,360 | 11,219 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Consolidated Statements of Comprehensive Income [Abstract] | |||
Net Income | $ 2,913 | $ 2,035 | |
Unrealized gains on available-for-sale securities: | |||
Unrealized holding gains arising during the period | [1] | 859 | 106 |
Other comprehensive income | 859 | 106 | |
Comprehensive income | $ 3,772 | $ 2,141 | |
[1] | Represents the net change of the unrealized gain on available-for-sale securities. Represents unrealized gains of $1,453,000 and $179,000, respectively, less deferred taxes of $594,000 and $73,000, respectively. |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Consolidated Statements of Comprehensive Income [Abstract] | ||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax | $ 1,453,000 | $ 179,000 |
Unrealized gains (losses), deferred taxes | $ 594,000 | $ 73,000 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ 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, 2015 | $ 136,856 | $ 27,382 | $ (29,096) | $ (1,598) | $ 133,544 | ||
Redemption of preferred stock | (1,710) | (1,710) | |||||
Stock-based compensation expense | 18 | 18 | |||||
Dividends payable on Series A, B and C B 6% and Series D 4.5% noncumulative perpetual preferred stock | (234) | (234) | |||||
Cash dividends on common stock ($0.14 per share declared) | (1,502) | (1,502) | |||||
Dividend Reinvestment Plan | 67 | (67) | |||||
Stock Purchase Plan | 54 | 54 | |||||
Net income | 2,035 | 2,035 | |||||
Other comprehensive income | 106 | 106 | |||||
Ending Balance at Mar. 31, 2016 | 135,285 | 27,614 | (29,096) | (1,492) | 132,311 | ||
Beginning Balance at Dec. 31, 2016 | 135,881 | 28,159 | (29,103) | (3,856) | 131,081 | ||
Redemption of preferred stock | (11,720) | (11,720) | |||||
Issuance of preferred stock | 5,237 | 5,237 | |||||
Stock-based compensation expense | 30 | 30 | |||||
Treasury stock purchases | (8) | (8) | |||||
Dividends payable on Series A, B and C B 6% and Series D 4.5% noncumulative perpetual preferred stock | (118) | (118) | |||||
Cash dividends on common stock ($0.14 per share declared) | (1,505) | (1,505) | |||||
Dividend Reinvestment Plan | 72 | (72) | |||||
Stock Purchase Plan | 242 | 242 | |||||
Net income | 2,913 | 2,913 | |||||
Other comprehensive income | 859 | 859 | |||||
Ending Balance at Mar. 31, 2017 | $ 129,742 | $ 29,377 | $ (29,111) | $ (2,997) | $ 127,011 |
Consolidated Statement of Chan8
Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Preferred stock, dividend rate | 6.00% | |
Cash dividends declared (per share) | $ 0.14 | $ 0.14 |
Series C Preferred Stock [Member] | ||
Preferred stock, dividend rate | 6.00% | |
Series D Preferred Stock [Member] | ||
Preferred stock, dividend rate | 4.50% |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from Operating Activities: | ||
Net income | $ 2,913 | $ 2,035 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation of premises and equipment | 688 | 564 |
Amortization and accretion, net | (347) | (515) |
Provision for loan losses | 498 | 189 |
Deferred income tax | 710 | (62) |
Loans originated for sale | (6,476) | (5,582) |
Proceeds from sale of loans originated for sale | 10,197 | 7,841 |
Gain on sales of loans originated for sale | (338) | (924) |
Stock compensation expense | 30 | 18 |
(Increase) in interest receivable | (141) | (386) |
Decrease (increase) in other assets | 2,347 | (1,115) |
(Decrease) increase in accrued interest payable | (40) | 59 |
(Decrease) increase in other liabilities | (405) | 2,425 |
Net Cash Provided by Operating Activities | 9,636 | 4,547 |
Cash flows from investing activities: | ||
Proceeds from calls on securities available for sale | 5,052 | 159 |
Puchases of securities available for sale | (15,048) | |
Proceeds from sales of other real estate owned | 2,091 | |
Gain on sales of other real estate owned | (1,151) | |
Redemption of interest-bearing time deposits | 258 | |
Net increase in loans receivable | (43,717) | (9,558) |
Additions to premises and equipment | (1,561) | (494) |
Redemption of Federal Home Loan Bank of New York stock | 315 | (450) |
Net Cash Used in Investing Activities | (54,019) | (10,085) |
Cash flows from financing activities: | ||
Net increase in deposits | 121,639 | 76,491 |
Net change in long-term debt | 10,000 | |
Net change in short-term debt | (20,000) | |
Purchases/adjustments of treasury stock | (8) | |
Cash dividends paid on common stock | (1,505) | (1,502) |
Cash dividends paid on preferred stock | (118) | (234) |
Net proceeds from issuance of common stock | 242 | 54 |
Net proceeds from issuance of preferred stock | 5,237 | |
Net payment on redemption of preferred stock | (11,720) | (1,710) |
Net Cash Provided by Financing Activities | 93,767 | 83,099 |
Net Increase In Cash and Cash Equivalents | 49,384 | 77,561 |
Cash and Cash Equivalents - Begininng | 65,038 | 132,635 |
Cash and Cash Equivalents - Ending | 114,422 | 210,196 |
Supplementary Cash Flow Information: | ||
Cash paid during the year for: Income taxes | 71 | 452 |
Cash paid during the year for: Interest | $ 3,890 | 4,074 |
Non-cash items: | ||
Transfer of loans to other real estate owned | $ 457 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2017 | |
Basis of Presentation [Abstract] | |
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, 2017 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, 2016, 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 March 31, 2017, 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 | 3 Months Ended |
Mar. 31, 2017 | |
Reclassification [Abstract] | |
Reclassification | Note 2 – Reclassification Certain amounts as of December 31, 201 6 and the three month period ended March 3 1 , 201 6 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 | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31, 2017 2016 Pension plan: Interest cost $ 75 $ 82 Expected return on plan assets (113) (131) Amortization of unrecognized loss 29 36 Net periodic pension benefit (9) (13) SERP plan: Interest cost $ 4 $ 3 Net periodic postretirement cost $ 4 $ 3 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 September 16, 2016, a grant of 110,000 options was declared for members of the Board of Directors which vest at a rate of 10% per year commencing on the first anniversary of the grant date. 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. Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at December 31, 2016 575,000 $ 8.93 -13.32 $ 10.78 Options granted - Options exercised (500) 10.55 10.55 Options forfeited (35,000) 8.93 -13.32 8.93 -13.32 Options expired - Outstanding at March 31, 2017 539,500 $ 8.93 -13.32 $ 10.79 As of March 31, 2017, stock options which were granted and were exercisable totaled 107,900 stock options. It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to the 431,600 shares outstanding as of March 31, 2017 was $1,016,000 over a weighted average period of 6.99 years. 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 March 31, 2016 417,000 $ 8.93 -15.65 $ 10.75 As of March 31, 2016, stock options which are 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 341,300 shares of unvested options outstanding as of March 31, 2016 was $846 ,070 over a weighted average period of 7.79 years. |
Net Income per Common Share
Net Income per Common Share | 3 Months Ended |
Mar. 31, 2017 | |
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 ended March 3 1 , 201 7 and 201 6 , 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 March 31, 2017 and 2016 the weighted average number of outstanding options considered to be anti-dilutive were 8,757 and 0 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 March 31, 2017 2016 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 $ 2,795 $ 1,801 Basic earnings per share- Income available to Common stockholders $ 2,795 11,278 $ 0.25 $ 1,801 11,217 $ 0.16 Effect of dilutive securities: Stock options - 82 - 2 Diluted earnings per share- Income available to Common stockholders $ 2,795 11,360 $ 0.25 $ 1,801 11,219 $ 0.16 |
Securities Available for Sale
Securities Available for Sale | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31 , 201 7 and December 31, 201 6 : March 31, 2017 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 10,126 $ 22 $ 92 $ 10,056 Due after ten years 83,908 57 3,078 80,887 Municipal obligations: Due within one year 6,961 - - 6,961 Preferred Stock: Due after 10 years 8,119 167 7 8,279 $ 109,114 $ 246 $ 3,177 $ 106,183 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 6,230 $ 23 $ 86 $ 6,167 Due after ten years 80,594 65 4,354 76,305 Municipal obligations: Due within one year 6,968 - 7 6,961 Preferred Stock: Due after 10 years 5,356 - 24 5,332 $ 99,148 $ 88 $ 4,471 $ 94,765 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) March 31, 2017 Residential mortgage-backed securities $ 83,208 $ 3,038 $ 3,353 $ 132 $ 86,561 $ 3,170 Preferred stock 1,755 7 - - 1,755 7 $ 84,963 $ 3,045 $ 3,353 $ 132 $ 88,316 $ 3,177 December 31, 2016 Residential mortgage-backed securities $ 74,672 $ 4,313 $ 3,379 $ 127 $ 78,051 $ 4,440 Municipal obligations 6,961 7 - - 6,961 7 Preferred stock 1,983 24 - - 1,983 24 $ 83,616 $ 4,344 $ 3,379 $ 127 $ 86,995 $ 4,471 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 March 3 1 , 201 7 and December 31, 201 6 , 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 March 3 1 , 201 7 and December 31, 201 6 to be temporary. |
Loans Receivable and Allowance
Loans Receivable and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2017 | |
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 March 3 1 , 201 7 and December 31, 201 6 by segment and class: March 31, 2017 December 31, 2016 (In Thousands) Originated loans: Residential one-to-four family $ 154,047 $ 142,081 Commercial and multi-family 1,099,166 1,056,806 Construction 72,899 70,867 Commercial business (1) 61,504 63,444 Home equity (2) 34,336 32,417 Consumer 589 1,269 Sub-total 1,422,541 1,366,884 Acquired loans recorded at fair value: Residential one-to-four family 54,281 56,310 Commercial and multi-family 53,676 60,422 Construction - - Commercial business (1) 2,985 4,460 Home equity (2) 12,434 13,877 Consumer 196 225 Sub-total 123,572 135,294 Acquired loans with deteriorated credit: Residential one-to-four family 1,435 1,443 Commercial and multi-family 748 753 Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total 2,183 2,196 Total Loans 1,548,296 1,504,374 Less: Deferred loan fees, net (2,014) (2,006) Allowance for loan losses (17,526) (17,209) (19,540) (19,215) Total Loans, net $ 1,528,756 $ 1,485,159 _____________________________ (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 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 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 or troubled debt restructured. These loans are individually evaluated for loan loss either by current appraisal, or net present value. 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 single family real estate 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 Bank 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. Construction lending is generally considered to involve a 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 Bank than construction loans to individuals on their personal residence. Commercial and multi-family real estate lending entails significant additional risks as compared with residential family property lending. 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. Commercial business lending, including lines of credit, is 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 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 Bank’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 Bank 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 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. 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. Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) Classified Assets . Our policies provide for a classification system for problem assets. Under this classification system, problem assets are classified as “substandard,” “doubtful,” “loss” or “special mention.” When we classify problem assets, we 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 March 31, 2017, we had $226,000 in assets classified as losses, of which $226,000 were classified as impaired, $29.1 million in assets classified as substandard, of which $29.1 million were classified as impaired, and $15.1 million in assets classified as special mention, of which $9.1 million were classified as impaired. 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 due to payment status, because updated financial information has not been timely provided, or the collateral underlying the loan is in the process of being revalued. The Company’s internal credit risk grades are based on the definitions currently utilized by the banking regulatory agencies. The grades assigned and definitions are as follows, and loans graded excellent, above average, good and watch list (risk ratings 1-4) are treated as “pass” for grading purposes: 5 – Special Mention- Loans currently performing but with potential weaknesses including adverse trends in borrower’s operations, credit quality, financial strength, or possible collateral deficiency. 6 – Substandard - Loans that are inadequately protected by current sound worth, paying capacity, and collateral support. Loans on “nonaccrual” status. The loan needs special and corrective attention. 7 – Doubtful - Weaknesses in credit quality and collateral support make full collection improbable, but pending reasonable factors remain sufficient to defer the loss status. 8 – Loss - Continuance as a bankable asset is not warranted. However, this does not preclude future attempts at partial recovery. 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 March 31, 2017. 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 March 31, 2017. (In Thousands): Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for loan losses: Originated Loans: $ 2,098 $ 10,621 $ 736 $ 3,079 $ 374 $ 2 $ 69 $ 16,979 Acquired loans recorded at fair value: 170 - - - 4 - - 174 Acquired loans with deteriorated credit: 43 13 - - - - - 56 Beginning Balance, December, 31, 2016 2,311 10,634 736 3,079 378 2 69 17,209 Charge-offs: Originated Loans: - 71 - - - 6 - 77 Acquired loans recorded at fair value: 89 - - - 34 - - - Acquired loans with deteriorated credit: - - - - - - - Sub-total: 89 71 - - 34 6 - 200 Recoveries: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - - - - - Acquired loans with deteriorated credit: - - - 19 - - - 19 Sub-total: - - - 19 - - - 19 Provisions: Originated Loans: 53 300 20 38 (39) 6 80 458 Acquired loans recorded at fair value: 31 - - - 30 - - 61 Acquired loans with deteriorated credit: (2) (1) - (18) - - - (21) Sub-total: 82 299 20 20 (9) 6 80 498 Totals: Originated Loans: 2,151 10,850 756 3,117 335 2 150 17,361 Acquired loans recorded at fair value: 112 - - - - - - 112 Acquired loans with deteriorated credit: 41 12 - - - - - 53 Ending Balance, March 31, 2017 $ 2,304 $ 10,862 $ 756 $ 3,117 $ 335 $ 2 $ 150 $ 17,526 Loans Receivable: Ending Balance Originated Loans: $ 154,047 $ 1,099,166 $ 72,899 $ 61,504 $ 34,336 $ 589 $ - $ 1,422,541 Ending Balance Acquired loans recorded at fair value: 54,281 53,676 - 2,985 12,434 196 - 123,572 Ending Balance Acquired loans with deteriorated credit: 1,435 748 - - - - - 2,183 Total Gross Loans: $ 209,763 $ 1,153,590 $ 72,899 $ 64,489 $ 46,770 $ 785 $ - $ 1,548,296 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,293 $ 13,623 $ - $ 4,097 $ 1,203 $ - $ - $ 29,216 Ending Balance Acquired loans recorded at fair value: 8,019 5,858 - - 782 - - 14,659 Ending Balance Acquired loans with deteriorated credit: 1,435 520 - - - - - 1,955 Ending Balance Loans individually evaluated for impairment: $ 19,747 $ 20,001 $ - $ 4,097 $ 1,985 $ - $ - $ 45,830 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 143,754 $ 1,085,543 $ 72,899 $ 57,407 $ 33,133 $ 589 $ - $ 1,393,325 Ending Balance Acquired loans recorded at fair value: 46,262 47,818 - 2,985 11,652 196 - 108,913 Ending Balance Acquired loans with deteriorated credit: - 228 - - - - - 228 Ending Balance Loans collectively evaluated for impairment: $ 190,016 $ 1,133,589 $ 72,899 $ 60,392 $ 44,785 $ 785 $ - $ 1,502,466 _____________________________ (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, 2016. 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, 2016. (In Thousands): ____ Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for credit 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: - 367 - 160 - - - - 527 Acquired loans recorded at fair value: 459 38 - 3 54 - - 554 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: 459 405 - 163 54 - - 1,081 Recoveries: Originated Loans: - 74 - - - - - 74 Acquired loans recorded at fair value: - 4 - - 14 - - - 18 Acquired loans with deteriorated credit: - - - 129 - - - 129 Sub-total: - 78 - 129 14 - - 221 Provisions: Originated Loans: (9) (729) 14 1,490 5 (877) (99) (205) Acquired loans recorded at fair value: 359 17 - 3 (6) - - 373 Acquired loans with deteriorated credit: (4) (1) - (133) (3) - - (141) Sub-total: 346 (713) 14 1,360 (4) (877) (99) 27 Totals: Originated Loans: 2,098 10,621 736 3,079 374 2 69 16,979 Acquired loans recorded at fair value: 170 - - - 4 - - 174 Acquired loans with deteriorated credit: 43 13 - - - - - 56 Ending Balance, December 31, 2016 $ 2,311 $ 10,634 $ 736 $ 3,079 $ 378 $ 2 $ 69 $ 17,209 Loans Receivables: Ending Balance Originated Loans: $ 142,081 $ 1,056,806 $ 70,867 $ 63,444 $ 32,417 $ 1,269 $ - $ 1,366,884 Ending Balance Acquired Loans: 56,310 60,422 - 4,460 13,877 225 - 135,294 Ending Balance Acquired loans with deteriorated credit: 1,443 753 - - - - - 2,196 Total Gross Loans: $ 199,834 $ 1,117,981 $ 70,867 $ 67,904 $ 46,294 $ 1,494 $ - $ 1,504,374 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,651 $ 12,325 $ 6 $ 4,088 $ 1,362 $ - $ - $ 28,432 Ending Balance Acquired Loans: 7,600 6,356 - - 1,065 - - 15,021 Ending Balance Acquired loans with deteriorated credit: 1,443 523 - - - - - 1,966 Ending Balance Loans individually evaluated for impairment: $ 19,694 $ 19,204 $ 6 $ 4,088 $ 2,427 $ - $ - $ 45,419 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 131,430 $ 1,044,481 $ 70,861 $ 59,356 $ 31,055 $ 1,269 $ - $ 1,338,452 Ending Balance Acquired Loans: 48,710 54,066 - 4,460 12,812 225 - 120,273 Ending Balance Acquired loans with deteriorated credit: - 230 - - - - - 230 Ending Balance Loans collectively evaluated for impairment: $ 180,140 $ 1,098,777 $ 70,861 $ 63,816 $ 43,867 $ 1,494 $ - $ 1,458,955 (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 March 31, 2016. 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 March 31, 2016 (In Thousands): Residential Commercial & Multi-family Construction Business (1) Equity (2) Consumer Unallocated Total Allowance for credit 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: - - - - 10 - - 10 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - - - - 10 - - 10 Provisions: Originated Loans: 131 (68) 111 (87) (27) 46 96 202 Acquired loans recorded at fair value: 5 (7) - 3 (13) - - (12) Acquired loans with deteriorated credit: - (1) - - - - - (1) Sub-total: 136 (76) 111 (84) (40) 46 96 189 Totals: 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 Ending Balance, March 31, 2016 $ 2,493 $ 11,598 $ 833 $ 1,666 $ 389 $ 925 $ 264 $ 18,168 Loans Receivable: Ending Balance Originated Loans: $ 131,988 $ 987,568 $ 65,666 $ 69,370 $ 30,967 $ 1,657 $ - $ 1,287,216 Ending Balance Acquired loans recorded at fair value: 64,821 72,172 - 5,012 18,153 207 - 160,365 Ending Balance Acquired loans with deteriorated credit: 1,466 769 - 163 74 - - 2,472 Total Gross Loans: $ 198,275 $ 1,060,509 $ 65,666 $ 74,545 $ 49,194 $ 1,864 $ - $ 1,450,053 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 9,052 $ 14,630 $ 2,984 $ 4,103 $ 1,379 $ 1,263 $ - $ 33,411 Ending Balance Acquired loans recorded at fair value: 9,428 5,713 - - 1,361 - - 16,502 Ending Balance Acquired loans with deteriorated credit: 1,466 530 - 163 74 - - 2,233 Ending Balance Loans individually evaluated for impairment: $ 19,946 $ 20,873 $ 2,984 $ 4,266 $ 2,814 $ 1,263 $ - $ 52,146 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 122,936 $ 972,938 $ 62,682 $ 65,267 $ 29,588 $ 394 $ - $ 1,253,805 Ending Balance Acquired loans recorded at fair value: 55,393 66,459 - 5,012 16,792 207 - 143,863 Ending Balance Acquired loans with deteriorated credit: - 239 - - - - - 239 Ending Balance Loans collectively evaluated for impairment: $ 178,329 $ 1,039,636 $ 62,682 $ 70,279 $ 46,380 $ 601 $ - $ 1,397,907 _____________________________ (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 March 31, 2017 and December 31, 201 6 . 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 March 31, 2017 and December 31, 201 6 , 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 March 31, 2017 As of December 31, 2016 (In Thousands) (In Thousands) Non-Accruing Loans: Originated loans: Residential one-to-four family $ 3,634 $ 3,693 Commercial and multi-family 7,829 5,437 Construction - - Commercial business (1) 658 726 Home equity (2) 210 416 Consumer - 6 Sub-total: $ 12,331 $ 10,278 Acquired loans recorded at fair value: Residential one-to-four family $ 3,683 $ 3,429 Commercial and multi-family 719 1,182 Construction - - Commercial business (1) - - Home equity (2) 254 763 Consumer - - Sub-total: $ 4,656 $ 5,374 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 $ 16,987 $ 15,652 __________ (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 b y portfolio class for the three months ended March 3 1 , 201 7 and 201 6 . (In Thousands): Three Months Ended March 31, 2017 2017 2016 2016 Average Interest Average Interest Recorded Income Recorded Income Originated loans Investment Recognized Investment Recognized With no related allowance recorded: Residential one-to-four family $ 4,499 $ 23 $ 3,283 $ 20 Commercial and Multi-family 11,576 63 10,336 70 Construction - - 1,492 41 Commercial business (1) 639 - 2,108 3 Home equity (2) 946 9 1,204 9 Consumer 3 - - - Sub-total: $ 17,663 $ 95 $ 18,423 $ 143 Acquired loans recorded at fair value With no related allowance recorded: Residential one-to-four family $ 5,885 $ 36 $ 6,731 $ 51 Commercial and Multi-family 4,857 56 4,318 12 Construction - - - - Commercial business (1) - - - - Home equity (2) 611 - 765 3 Consumer - 6 - - Sub-total $ 11,353 $ 98 $ 11,814 $ 66 Acquired loans with deteriorated credit With no related allowance recorded: Residential one-to-four family $ 1,439 $ 22 $ 1,470 $ - Commercial and Multi-family 522 7 478 - Construction - - - - Commercial business (1) - - - - Home equity (2) - - 73 1 Consumer - - - - Sub-total: $ 1,961 $ 29 $ 2,021 $ 1 Total Impaired Loans With no related allowance recorded: $ 30,977 $ 222 $ 32,258 $ 210 __________ (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 months ended March 3 1 , 201 7 and 201 6 . (In Thousands): Three Months Ended March 31, 2017 2017 2016 2016 Average Interest Average Interest Recorded Income Recorded Income Originated loans Investment Recognized Investment Recognized with an allowance recorded: Residential one-to-four family $ 5,973 $ 60 $ 5,803 $ 16 Commercial and Multi-family 1,399 10 4,320 54 Construction - - - - Commercial business (1) 3,454 46 2,046 9 Home equity (2) 337 4 214 1 Consumer - - 1,363 - Sub-total: $ 11,163 $ 120 $ 13,746 $ 80 Acquired loans recorded at fair value with an allowance recorded: Residential one-to-four family $ 1,925 $ 19 $ 2,926 $ 25 Commercial and Multi-family 1,250 16 1,927 1 Construction - - - - Commercial business (1) - - - - Home equity (2) 313 2 598 6 Consumer - - Sub-total $ 3,488 $ 37 $ 5,451 $ 32 Acquired loans with deteriorated credit with an allowance recorded: Residential one-to-four family $ - $ - $ $ - Commercial and Multi-family - - - - Construction - - - - Commercial business (1) - - 165 1 Home equity (2) - - - - Consumer - - - - Sub-total: $ - $ - $ 165 $ 1 Total Impaired Loans with an allowance recorded: $ 14,651 $ 157 $ 19,362 $ 113 __________ (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 March 3 1 , 201 7 and December 31, 201 6 . (In Thousands): As of March 31, 2017 As of December 31, 2016 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 $ 3,840 $ 4,049 $ - $ 5,158 $ 5,341 $ - Commercial and multi-family 12,653 13,109 - 10,498 10,722 - Construction - 6 - 6 6 - Commercial business (1) 256 1,361 - 1,022 1,966 - Home equity (2) 869 937 - 1,022 1,101 - Consumer - - - - - - Sub-total: $ 17,618 $ 19,462 $ - $ 17,706 $ 19,136 $ - Acquired loans recorded at fair value with no related allowance recorded: Residential one-to-four family $ 6,192 $ 7,006 $ - $ 5,577 $ 6,149 $ - Commercial and Multi-family 4,139 4,213 - 5,575 5,710 - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 676 824 - 545 650 - Consumer - - - - - - Sub-total: $ 11,007 $ 12,043 $ - $ 11,697 $ 12,509 $ - Acquired loans with deteriorated credit with no related allowance recorded: Residential one-to-four family $ 1,435 $ 2,060 $ - $ 1,443 $ 2,069 $ - Commercial and Multi-family 520 549 - 523 552 - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ 1,955 $ 2,609 $ - $ 1,966 $ 2,621 $ - Total Impaired Loans with no related allowance recorded: $ 30,580 $ 34,114 $ - $ 31,369 $ 34,266 $ - __________ (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 March 31, 201 7 and December 31, 201 6 . (In Thousands): As of March 31, 2017 As of December 31, 2016 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 $ 6,453 $ 6,529 $ 552 $ 5,493 $ 5,493 $ 496 Commercial and Multi-family 970 972 137 1,827 1,866 380 Construction - - - - - - Commercial business (1) 3,841 4,640 2,445 3,066 4,006 2,359 Home equity (2) 334 334 31 340 340 32 Consumer - - - - - - Sub-total: $ 11,598 $ 12,475 $ 3,165 $ 10,726 $ 11,705 $ 3,267 Acquired loans recorded at fair value with an allowance recorded: - Residential one-to-four family $ 1,827 $ 1,837 $ 172 $ 2,023 $ 2,080 $ 202 Commercial and Multi-family 1,719 1,779 198 781 781 37 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 106 106 12 520 571 24 Consumer - - - - - - Sub-total $ 3,652 $ 3,722 $ 382 $ 3,324 $ 3,432 $ 263 Acquired loans with deteriorated credit with an allowance recorded: Residential one-to-four family $ - $ - $ - $ - $ - $ - Commercial and Multi-family - - - - - - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ - $ - $ - $ - $ - $ - Total Impaired Loans with an allowance recorded: $ 15,250 $ 16,197 $ 3,547 $ 14,050 $ 15,137 $ 3,530 Total Impaired Loans with no related allowance recorded: $ 30,580 $ 34,114 $ - $ 31,369 $ 34,266 $ - Total Impaired Loans: $ 45,830 $ 50,311 $ 3,547 $ 45,419 $ 49,403 $ 3,530 __________ (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 presents the total troubled debt restructured loans at March 3 1 , 201 7 , excluding the purchase impairment mark on the acquired loans with deteriorated credit. (Dollars In Thousands): Accrual Non-accrual Total March 31, 2017 # of Loans Amount # of Loans Amount # of Loans Amount Originated loans: Residential one-to-four family 7 $ 2,603 2 $ 1,464 9 $ 4,067 Commercial and multi-family 8 4,901 10 3,952 18 8,853 Construction - - - - - - Commercial business (1) 2 1,905 1 325 3 2,230 Home equity (2) 5 809 1 44 6 853 Consumer - - - - - - Sub-total: 22 $ 10,218 14 $ 5,785 36 $ 16,003 Acquired loans recorded at fair value: Residential one-to-four family 18 $ 4,146 6 $ 1,789 24 $ 5,935 Commercial and Multi-family 13 4,780 1 583 14 5,363 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 3 491 - - 3 491 Consumer - - - - - - Sub-total: 34 $ 9,417 7 $ 2,372 41 $ 11,789 Acquired loans with deteriorated credit: Residential one-to-four family 5 $ 2,060 - $ - 5 $ 2,060 Commercial and Multi-family 1 548 - - 1 548 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: 6 $ 2,608 - $ - 6 $ 2,608 Total 62 $ 22,243 21 $ 8,157 83 $ 30,400 __________ (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, 201 6 , excluding the purchase impairment mark on the acquired loans with deteriorated credit. (Dollars In Thousands): Accrual Non-accrual Total December 31, 2016 # of Loans Amount # of Loans Amount # of Loans Amount Originated loans: Residential one-to-four family 8 $ 2,687 - $ - 8 $ 2,687 Commercial and multi-family 9 5,141 8 2,297 17 7,438 Construction - - - - - - Commercial business (1) 2 1,868 1 345 3 2,213 Home equity (2) 5 817 1 46 6 863 Consumer - - - - - - Sub-total: 24 $ 10,513 10 $ 2,688 34 $ 13,201 Acquired loans recorded at fair value: Residential one-to-four family 18 $ 3,979 5 $ 1,893 23 $ 5,872 Commercial and Multi-family 13 4,807 1 583 14 5,390 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 2 265 1 219 3 484 Consumer - - - - - - Sub-total: 33 $ 9,051 7 $ 2,695 40 $ 11,746 Acquired loans with deteriorated credit: Residential one-to-four family 5 $ 2,069 - $ - 5 $ 2,069 Commercial and Multi-family 1 552 - - 1 552 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: 6 $ 2,621 - $ - 6 $ 2,621 Total 63 $ 22,185 17 $ 5,383 80 $ 27,568 __________ (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 |
Fair Values of Financial Instru
Fair Values of Financial Instruments | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31, 2017: Securities available for sale - Residential mortgage-backed securities, Municipal obligations and Preferred Stock $ 106,183 $ - $ 106,183 $ - As of December 31, 2016: Securities available for sale — Residential mortgage-backed securities, Municipal obligations and Preferred Stock $ 94,765 $ - $ 94,765 $ - 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 nine months ended March 31 , 201 7 and 201 6 . 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 March 31, 2017 Impaired Loans $ 11,703 $ - $ - $ 11,703 Other real estate owned $ 2,585 $ - $ - $ 2,585 As of December 31, 2016: Impaired Loans $ 10,519 $ - $ - $ 10,519 Other real estate owned $ 3,525 $ - $ - $ 3,525 Note 7 – Fair Values of Financial Instruments (Continued) The following tables present additional quantitative information as of March 31 , 201 7 and December 31, 201 6 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 March 31, 2017: Impaired Loans $ 11,703 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 2,585 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Fair Value Valuation Unobservable Range Estimate Techniques Input December 31, 2016: Impaired Loans $ 10,519 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 3,525 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 March 31 , 201 7 and December 31, 201 6 . 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 March 31 , 201 7 and December 31, 201 6. 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 March 31, 2017 and December 31, 2016 consisted of the loan balances of $ 15.25 million and $14.05 million, net of a valuation allowance of $3.55 million and $3.53 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 March 31 , 201 7 and December 31, 201 6 : As of March 31, 2017 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 $ 114,422 $ 114,422 $ 114,422 $ - $ - Interest-earning time deposits 980 980 980 - - Securities available for sale 106,183 106,183 - 106,183 - Loans held for sale 770 775 - 775 - Loans receivable, net 1,528,756 1,540,057 - - 1,540,057 FHLB of New York stock, at cost 8,991 8,991 - 8,991 - Accrued interest receivable 5,714 5,714 - 5,714 - Financial liabilities: Deposits 1,513,844 1,517,384 903,659 613,725 - Borrowings 155,000 155,050 - 155,050 - Subordinated debentures 4,124 4,125 - 4,125 - Accrued interest payable 785 785 - 785 - As of December 31, 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 $ 65,038 $ 65,038 $ 65,038 $ - $ - Interest-earning time deposits 980 980 980 - - Securities available for sale 94,765 94,765 - 94,765 - Loans held for sale 4,153 4,273 - 4,273 - Loans receivable, net 1,485,159 1,515,088 - - 1,515,088 FHLB of New York stock, at cost 9,306 9,306 - 9,306 - Accrued interest receivable 5,573 5,573 - 5,573 - Financial liabilities: Deposits 1,392,205 1,384,578 834,665 549,913 - Borrowings 175,000 176,109 - 176,109 - Subordinated debentures 4,124 4,150 - 4,150 - Accrued interest payable 825 825 - 825 - |
Pension and Other Postretirem17
Pension and Other Postretirement Plans (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Pension and Other Postretirement Plans [Abstract] | |
Schedule Of Periodic Pension And SERP Cost | Three months ended March 31, 2017 2016 Pension plan: Interest cost $ 75 $ 82 Expected return on plan assets (113) (131) Amortization of unrecognized loss 29 36 Net periodic pension benefit (9) (13) SERP plan: Interest cost $ 4 $ 3 Net periodic postretirement cost $ 4 $ 3 |
Summary of Stock Option Activity | Number of Option Shares Range of Exercise Prices Weighted Average Exercise Price Outstanding at December 31, 2016 575,000 $ 8.93-13.32 $ 10.78 Options granted - Options exercised (500) 10.55 10.55 Options forfeited (35,000) 8.93-13.32 8.93-13.32 Options expired - Outstanding at March 31, 2017 539,500 $ 8.93-13.32 $ 10.79 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 March 31, 2016 417,000 $ 8.93-15.65 $ 10.75 |
Net Income per Common Share (Ta
Net Income per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Net Income per Common Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | For the Three Months Ended March 31, 2017 2016 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 $ 2,795 $ 1,801 Basic earnings per share- Income available to Common stockholders $ 2,795 11,278 $ 0.25 $ 1,801 11,217 $ 0.16 Effect of dilutive securities: Stock options - 82 - 2 Diluted earnings per share- Income available to Common stockholders $ 2,795 11,360 $ 0.25 $ 1,801 11,219 $ 0.16 |
Securities Available for Sale (
Securities Available for Sale (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Securities Available for Sale [Abstract] | |
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale | March 31, 2017 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 10,126 $ 22 $ 92 $ 10,056 Due after ten years 83,908 57 3,078 80,887 Municipal obligations: Due within one year 6,961 - - 6,961 Preferred Stock: Due after 10 years 8,119 167 7 8,279 $ 109,114 $ 246 $ 3,177 $ 106,183 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In Thousands) Residential mortgage-backed securities: Due after five years through ten years $ 6,230 $ 23 $ 86 $ 6,167 Due after ten years 80,594 65 4,354 76,305 Municipal obligations: Due within one year 6,968 - 7 6,961 Preferred Stock: Due after 10 years 5,356 - 24 5,332 $ 99,148 $ 88 $ 4,471 $ 94,765 |
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) March 31, 2017 Residential mortgage-backed securities $ 83,208 $ 3,038 $ 3,353 $ 132 $ 86,561 $ 3,170 Preferred stock 1,755 7 - - 1,755 7 $ 84,963 $ 3,045 $ 3,353 $ 132 $ 88,316 $ 3,177 December 31, 2016 Residential mortgage-backed securities $ 74,672 $ 4,313 $ 3,379 $ 127 $ 78,051 $ 4,440 Municipal obligations 6,961 7 - - 6,961 7 Preferred stock 1,983 24 - - 1,983 24 $ 83,616 $ 4,344 $ 3,379 $ 127 $ 86,995 $ 4,471 |
Loans Receivable and Allowanc20
Loans Receivable and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
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 March 3 1 , 201 7 and December 31, 201 6 by segment and class: March 31, 2017 December 31, 2016 (In Thousands) Originated loans: Residential one-to-four family $ 154,047 $ 142,081 Commercial and multi-family 1,099,166 1,056,806 Construction 72,899 70,867 Commercial business (1) 61,504 63,444 Home equity (2) 34,336 32,417 Consumer 589 1,269 Sub-total 1,422,541 1,366,884 Acquired loans recorded at fair value: Residential one-to-four family 54,281 56,310 Commercial and multi-family 53,676 60,422 Construction - - Commercial business (1) 2,985 4,460 Home equity (2) 12,434 13,877 Consumer 196 225 Sub-total 123,572 135,294 Acquired loans with deteriorated credit: Residential one-to-four family 1,435 1,443 Commercial and multi-family 748 753 Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total 2,183 2,196 Total Loans 1,548,296 1,504,374 Less: Deferred loan fees, net (2,014) (2,006) Allowance for loan losses (17,526) (17,209) (19,540) (19,215) Total Loans, net $ 1,528,756 $ 1,485,159 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Allowance for Loan Losses | The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended March 31, 2017. 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 March 31, 2017. (In Thousands): Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for loan losses: Originated Loans: $ 2,098 $ 10,621 $ 736 $ 3,079 $ 374 $ 2 $ 69 $ 16,979 Acquired loans recorded at fair value: 170 - - - 4 - - 174 Acquired loans with deteriorated credit: 43 13 - - - - - 56 Beginning Balance, December, 31, 2016 2,311 10,634 736 3,079 378 2 69 17,209 Charge-offs: Originated Loans: - 71 - - - 6 - 77 Acquired loans recorded at fair value: 89 - - - 34 - - - Acquired loans with deteriorated credit: - - - - - - - Sub-total: 89 71 - - 34 6 - 200 Recoveries: Originated Loans: - - - - - - - - Acquired loans recorded at fair value: - - - - - - - - Acquired loans with deteriorated credit: - - - 19 - - - 19 Sub-total: - - - 19 - - - 19 Provisions: Originated Loans: 53 300 20 38 (39) 6 80 458 Acquired loans recorded at fair value: 31 - - - 30 - - 61 Acquired loans with deteriorated credit: (2) (1) - (18) - - - (21) Sub-total: 82 299 20 20 (9) 6 80 498 Totals: Originated Loans: 2,151 10,850 756 3,117 335 2 150 17,361 Acquired loans recorded at fair value: 112 - - - - - - 112 Acquired loans with deteriorated credit: 41 12 - - - - - 53 Ending Balance, March 31, 2017 $ 2,304 $ 10,862 $ 756 $ 3,117 $ 335 $ 2 $ 150 $ 17,526 Loans Receivable: Ending Balance Originated Loans: $ 154,047 $ 1,099,166 $ 72,899 $ 61,504 $ 34,336 $ 589 $ - $ 1,422,541 Ending Balance Acquired loans recorded at fair value: 54,281 53,676 - 2,985 12,434 196 - 123,572 Ending Balance Acquired loans with deteriorated credit: 1,435 748 - - - - - 2,183 Total Gross Loans: $ 209,763 $ 1,153,590 $ 72,899 $ 64,489 $ 46,770 $ 785 $ - $ 1,548,296 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,293 $ 13,623 $ - $ 4,097 $ 1,203 $ - $ - $ 29,216 Ending Balance Acquired loans recorded at fair value: 8,019 5,858 - - 782 - - 14,659 Ending Balance Acquired loans with deteriorated credit: 1,435 520 - - - - - 1,955 Ending Balance Loans individually evaluated for impairment: $ 19,747 $ 20,001 $ - $ 4,097 $ 1,985 $ - $ - $ 45,830 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 143,754 $ 1,085,543 $ 72,899 $ 57,407 $ 33,133 $ 589 $ - $ 1,393,325 Ending Balance Acquired loans recorded at fair value: 46,262 47,818 - 2,985 11,652 196 - 108,913 Ending Balance Acquired loans with deteriorated credit: - 228 - - - - - 228 Ending Balance Loans collectively evaluated for impairment: $ 190,016 $ 1,133,589 $ 72,899 $ 60,392 $ 44,785 $ 785 $ - $ 1,502,466 _____________________________ (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, 2016. 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, 2016. (In Thousands): ____ Residential Commercial & Multi-family Construction Commercial Business (1) Home Equity (2) Consumer Unallocated Total Allowance for credit 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: - 367 - 160 - - - - 527 Acquired loans recorded at fair value: 459 38 - 3 54 - - 554 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: 459 405 - 163 54 - - 1,081 Recoveries: Originated Loans: - 74 - - - - - 74 Acquired loans recorded at fair value: - 4 - - 14 - - - 18 Acquired loans with deteriorated credit: - - - 129 - - - 129 Sub-total: - 78 - 129 14 - - 221 Provisions: Originated Loans: (9) (729) 14 1,490 5 (877) (99) (205) Acquired loans recorded at fair value: 359 17 - 3 (6) - - 373 Acquired loans with deteriorated credit: (4) (1) - (133) (3) - - (141) Sub-total: 346 (713) 14 1,360 (4) (877) (99) 27 Totals: Originated Loans: 2,098 10,621 736 3,079 374 2 69 16,979 Acquired loans recorded at fair value: 170 - - - 4 - - 174 Acquired loans with deteriorated credit: 43 13 - - - - - 56 Ending Balance, December 31, 2016 $ 2,311 $ 10,634 $ 736 $ 3,079 $ 378 $ 2 $ 69 $ 17,209 Loans Receivables: Ending Balance Originated Loans: $ 142,081 $ 1,056,806 $ 70,867 $ 63,444 $ 32,417 $ 1,269 $ - $ 1,366,884 Ending Balance Acquired Loans: 56,310 60,422 - 4,460 13,877 225 - 135,294 Ending Balance Acquired loans with deteriorated credit: 1,443 753 - - - - - 2,196 Total Gross Loans: $ 199,834 $ 1,117,981 $ 70,867 $ 67,904 $ 46,294 $ 1,494 $ - $ 1,504,374 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 10,651 $ 12,325 $ 6 $ 4,088 $ 1,362 $ - $ - $ 28,432 Ending Balance Acquired Loans: 7,600 6,356 - - 1,065 - - 15,021 Ending Balance Acquired loans with deteriorated credit: 1,443 523 - - - - - 1,966 Ending Balance Loans individually evaluated for impairment: $ 19,694 $ 19,204 $ 6 $ 4,088 $ 2,427 $ - $ - $ 45,419 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 131,430 $ 1,044,481 $ 70,861 $ 59,356 $ 31,055 $ 1,269 $ - $ 1,338,452 Ending Balance Acquired Loans: 48,710 54,066 - 4,460 12,812 225 - 120,273 Ending Balance Acquired loans with deteriorated credit: - 230 - - - - - 230 Ending Balance Loans collectively evaluated for impairment: $ 180,140 $ 1,098,777 $ 70,861 $ 63,816 $ 43,867 $ 1,494 $ - $ 1,458,955 (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 March 31, 2016. 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 March 31, 2016 (In Thousands): Residential Commercial & Multi-family Construction Business (1) Equity (2) Consumer Unallocated Total Allowance for credit 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: - - - - 10 - - 10 Acquired loans with deteriorated credit: - - - - - - - - Sub-total: - - - - 10 - - 10 Provisions: Originated Loans: 131 (68) 111 (87) (27) 46 96 202 Acquired loans recorded at fair value: 5 (7) - 3 (13) - - (12) Acquired loans with deteriorated credit: - (1) - - - - - (1) Sub-total: 136 (76) 111 (84) (40) 46 96 189 Totals: 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 Ending Balance, March 31, 2016 $ 2,493 $ 11,598 $ 833 $ 1,666 $ 389 $ 925 $ 264 $ 18,168 Loans Receivable: Ending Balance Originated Loans: $ 131,988 $ 987,568 $ 65,666 $ 69,370 $ 30,967 $ 1,657 $ - $ 1,287,216 Ending Balance Acquired loans recorded at fair value: 64,821 72,172 - 5,012 18,153 207 - 160,365 Ending Balance Acquired loans with deteriorated credit: 1,466 769 - 163 74 - - 2,472 Total Gross Loans: $ 198,275 $ 1,060,509 $ 65,666 $ 74,545 $ 49,194 $ 1,864 $ - $ 1,450,053 Ending Balance: Loans individually evaluated for impairment: Ending Balance Originated Loans: $ 9,052 $ 14,630 $ 2,984 $ 4,103 $ 1,379 $ 1,263 $ - $ 33,411 Ending Balance Acquired loans recorded at fair value: 9,428 5,713 - - 1,361 - - 16,502 Ending Balance Acquired loans with deteriorated credit: 1,466 530 - 163 74 - - 2,233 Ending Balance Loans individually evaluated for impairment: $ 19,946 $ 20,873 $ 2,984 $ 4,266 $ 2,814 $ 1,263 $ - $ 52,146 Ending Balance: Loans collectively evaluated for impairment: Ending Balance Originated Loans: $ 122,936 $ 972,938 $ 62,682 $ 65,267 $ 29,588 $ 394 $ - $ 1,253,805 Ending Balance Acquired loans recorded at fair value: 55,393 66,459 - 5,012 16,792 207 - 143,863 Ending Balance Acquired loans with deteriorated credit: - 239 - - - - - 239 Ending Balance Loans collectively evaluated for impairment: $ 178,329 $ 1,039,636 $ 62,682 $ 70,279 $ 46,380 $ 601 $ - $ 1,397,907 _____________________________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Non-Accruing Loans | As of March 31, 2017 As of December 31, 2016 (In Thousands) (In Thousands) Non-Accruing Loans: Originated loans: Residential one-to-four family $ 3,634 $ 3,693 Commercial and multi-family 7,829 5,437 Construction - - Commercial business (1) 658 726 Home equity (2) 210 416 Consumer - 6 Sub-total: $ 12,331 $ 10,278 Acquired loans recorded at fair value: Residential one-to-four family $ 3,683 $ 3,429 Commercial and multi-family 719 1,182 Construction - - Commercial business (1) - - Home equity (2) 254 763 Consumer - - Sub-total: $ 4,656 $ 5,374 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 $ 16,987 $ 15,652 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Impaired Loans | The following table summarizes the average recorded investment and interest income recognized on impaired loans with no related allowance recorded b y portfolio class for the three months ended March 3 1 , 201 7 and 201 6 . (In Thousands): Three Months Ended March 31, 2017 2017 2016 2016 Average Interest Average Interest Recorded Income Recorded Income Originated loans Investment Recognized Investment Recognized With no related allowance recorded: Residential one-to-four family $ 4,499 $ 23 $ 3,283 $ 20 Commercial and Multi-family 11,576 63 10,336 70 Construction - - 1,492 41 Commercial business (1) 639 - 2,108 3 Home equity (2) 946 9 1,204 9 Consumer 3 - - - Sub-total: $ 17,663 $ 95 $ 18,423 $ 143 Acquired loans recorded at fair value With no related allowance recorded: Residential one-to-four family $ 5,885 $ 36 $ 6,731 $ 51 Commercial and Multi-family 4,857 56 4,318 12 Construction - - - - Commercial business (1) - - - - Home equity (2) 611 - 765 3 Consumer - 6 - - Sub-total $ 11,353 $ 98 $ 11,814 $ 66 Acquired loans with deteriorated credit With no related allowance recorded: Residential one-to-four family $ 1,439 $ 22 $ 1,470 $ - Commercial and Multi-family 522 7 478 - Construction - - - - Commercial business (1) - - - - Home equity (2) - - 73 1 Consumer - - - - Sub-total: $ 1,961 $ 29 $ 2,021 $ 1 Total Impaired Loans With no related allowance recorded: $ 30,977 $ 222 $ 32,258 $ 210 __________ (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 months ended March 3 1 , 201 7 and 201 6 . (In Thousands): Three Months Ended March 31, 2017 2017 2016 2016 Average Interest Average Interest Recorded Income Recorded Income Originated loans Investment Recognized Investment Recognized with an allowance recorded: Residential one-to-four family $ 5,973 $ 60 $ 5,803 $ 16 Commercial and Multi-family 1,399 10 4,320 54 Construction - - - - Commercial business (1) 3,454 46 2,046 9 Home equity (2) 337 4 214 1 Consumer - - 1,363 - Sub-total: $ 11,163 $ 120 $ 13,746 $ 80 Acquired loans recorded at fair value with an allowance recorded: Residential one-to-four family $ 1,925 $ 19 $ 2,926 $ 25 Commercial and Multi-family 1,250 16 1,927 1 Construction - - - - Commercial business (1) - - - - Home equity (2) 313 2 598 6 Consumer - - Sub-total $ 3,488 $ 37 $ 5,451 $ 32 Acquired loans with deteriorated credit with an allowance recorded: Residential one-to-four family $ - $ - $ $ - Commercial and Multi-family - - - - Construction - - - - Commercial business (1) - - 165 1 Home equity (2) - - - - Consumer - - - - Sub-total: $ - $ - $ 165 $ 1 Total Impaired Loans with an allowance recorded: $ 14,651 $ 157 $ 19,362 $ 113 __________ (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 March 3 1 , 201 7 and December 31, 201 6 . (In Thousands): As of March 31, 2017 As of December 31, 2016 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 $ 3,840 $ 4,049 $ - $ 5,158 $ 5,341 $ - Commercial and multi-family 12,653 13,109 - 10,498 10,722 - Construction - 6 - 6 6 - Commercial business (1) 256 1,361 - 1,022 1,966 - Home equity (2) 869 937 - 1,022 1,101 - Consumer - - - - - - Sub-total: $ 17,618 $ 19,462 $ - $ 17,706 $ 19,136 $ - Acquired loans recorded at fair value with no related allowance recorded: Residential one-to-four family $ 6,192 $ 7,006 $ - $ 5,577 $ 6,149 $ - Commercial and Multi-family 4,139 4,213 - 5,575 5,710 - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 676 824 - 545 650 - Consumer - - - - - - Sub-total: $ 11,007 $ 12,043 $ - $ 11,697 $ 12,509 $ - Acquired loans with deteriorated credit with no related allowance recorded: Residential one-to-four family $ 1,435 $ 2,060 $ - $ 1,443 $ 2,069 $ - Commercial and Multi-family 520 549 - 523 552 - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ 1,955 $ 2,609 $ - $ 1,966 $ 2,621 $ - Total Impaired Loans with no related allowance recorded: $ 30,580 $ 34,114 $ - $ 31,369 $ 34,266 $ - __________ (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 March 31, 201 7 and December 31, 201 6 . (In Thousands): As of March 31, 2017 As of December 31, 2016 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 $ 6,453 $ 6,529 $ 552 $ 5,493 $ 5,493 $ 496 Commercial and Multi-family 970 972 137 1,827 1,866 380 Construction - - - - - - Commercial business (1) 3,841 4,640 2,445 3,066 4,006 2,359 Home equity (2) 334 334 31 340 340 32 Consumer - - - - - - Sub-total: $ 11,598 $ 12,475 $ 3,165 $ 10,726 $ 11,705 $ 3,267 Acquired loans recorded at fair value with an allowance recorded: - Residential one-to-four family $ 1,827 $ 1,837 $ 172 $ 2,023 $ 2,080 $ 202 Commercial and Multi-family 1,719 1,779 198 781 781 37 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 106 106 12 520 571 24 Consumer - - - - - - Sub-total $ 3,652 $ 3,722 $ 382 $ 3,324 $ 3,432 $ 263 Acquired loans with deteriorated credit with an allowance recorded: Residential one-to-four family $ - $ - $ - $ - $ - $ - Commercial and Multi-family - - - - - - Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ - $ - $ - $ - $ - $ - Total Impaired Loans with an allowance recorded: $ 15,250 $ 16,197 $ 3,547 $ 14,050 $ 15,137 $ 3,530 Total Impaired Loans with no related allowance recorded: $ 30,580 $ 34,114 $ - $ 31,369 $ 34,266 $ - Total Impaired Loans: $ 45,830 $ 50,311 $ 3,547 $ 45,419 $ 49,403 $ 3,530 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Troubled Debt Restructurings | The following table presents the total troubled debt restructured loans at March 3 1 , 201 7 , excluding the purchase impairment mark on the acquired loans with deteriorated credit. (Dollars In Thousands): Accrual Non-accrual Total March 31, 2017 # of Loans Amount # of Loans Amount # of Loans Amount Originated loans: Residential one-to-four family 7 $ 2,603 2 $ 1,464 9 $ 4,067 Commercial and multi-family 8 4,901 10 3,952 18 8,853 Construction - - - - - - Commercial business (1) 2 1,905 1 325 3 2,230 Home equity (2) 5 809 1 44 6 853 Consumer - - - - - - Sub-total: 22 $ 10,218 14 $ 5,785 36 $ 16,003 Acquired loans recorded at fair value: Residential one-to-four family 18 $ 4,146 6 $ 1,789 24 $ 5,935 Commercial and Multi-family 13 4,780 1 583 14 5,363 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 3 491 - - 3 491 Consumer - - - - - - Sub-total: 34 $ 9,417 7 $ 2,372 41 $ 11,789 Acquired loans with deteriorated credit: Residential one-to-four family 5 $ 2,060 - $ - 5 $ 2,060 Commercial and Multi-family 1 548 - - 1 548 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: 6 $ 2,608 - $ - 6 $ 2,608 Total 62 $ 22,243 21 $ 8,157 83 $ 30,400 __________ (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, 201 6 , excluding the purchase impairment mark on the acquired loans with deteriorated credit. (Dollars In Thousands): Accrual Non-accrual Total December 31, 2016 # of Loans Amount # of Loans Amount # of Loans Amount Originated loans: Residential one-to-four family 8 $ 2,687 - $ - 8 $ 2,687 Commercial and multi-family 9 5,141 8 2,297 17 7,438 Construction - - - - - - Commercial business (1) 2 1,868 1 345 3 2,213 Home equity (2) 5 817 1 46 6 863 Consumer - - - - - - Sub-total: 24 $ 10,513 10 $ 2,688 34 $ 13,201 Acquired loans recorded at fair value: Residential one-to-four family 18 $ 3,979 5 $ 1,893 23 $ 5,872 Commercial and Multi-family 13 4,807 1 583 14 5,390 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) 2 265 1 219 3 484 Consumer - - - - - - Sub-total: 33 $ 9,051 7 $ 2,695 40 $ 11,746 Acquired loans with deteriorated credit: Residential one-to-four family 5 $ 2,069 - $ - 5 $ 2,069 Commercial and Multi-family 1 552 - - 1 552 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: 6 $ 2,621 - $ - 6 $ 2,621 Total 63 $ 22,185 17 $ 5,383 80 $ 27,568 __________ (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 generally include, but are not limited to interest rate reductions, limitations on the accrued interest charged, term extensions, and deferment of principal. The following table summarizes information with regards to troubled debt restructurings which occurred during the three months ended March 3 1 , 201 7 . (Dollars in Thousands): Three Months Ended March 31, 2017 Pre-Modification Outstanding Post-Modification Outstanding Number of Contracts Recorded Investments Recorded Investments Originated loans: Residential one-to-four family 2 $ 1,445 $ 1,556 Commercial and multi-family 2 1,637 1,756 Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - - Sub-total: 4 $ 3,082 $ 3,312 Acquired loans recorded at fair value: Residential one-to-four family 1 $ 73 $ 104 Commercial and Multi-family - - - Construction - - - Commercial business (1) - - - Home equity (2) - - - Consumer - - - Sub-total: 1 $ 73 $ 104 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 $ 3,155 $ 3,416 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. The loans included above are considered TDRs as a result of the Company implementing one or more of the following concessions: granting a material extension of time, issuing a forbearance agreement, adjusting the interest rate to a below market rate, accepting interest only for a period of time or a change in amortization period. All TDRs were considered impaired and therefore were individually evaluated for impairment in the calculation of the allowance for loan losses. Prior to their classification as TDRs, certain of these loans had been collectively evaluated for impairment in the calculation of the allowance for loan losses. 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 March 31, 2017. Three Months Ended March 31, 2017 Number of Contracts Recorded Investment Originated loans: Residential one-to-four family - $ - Commercial and multi-family - - Construction - - Commercial business (1) - - Home equity (2) 1 1,137 Consumer - - Sub-total: 1 $ 1,137 Acquired loans recorded at fair value: Residential one-to-four family 1 $ 425 Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: 1 $ 425 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 2 $ 1,562 Note 6 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes information with regards to troubled debt restructurings which occurred during the three months ended March 3 1 , 201 6 (dollars in thousands): Three Months Ended March 31, 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) 1 228 228 Consumer - - - Sub-total: $ 1 $ 228 $ 228 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 $ 299 $ 299 (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 for which there was a payment default within twelve months of restructuring during the three months ended March 31, 2016. (Dollars in Thousands) Three Months Ended March 31, 2016 Number of Contracts Recorded Investment Originated loans: Residential one-to-four family - $ - Commercial and multi-family - - Construction - - Commercial business (1) - - Home equity (2) 1 61 Consumer - - Sub-total: 1 $ 61 Acquired loans recorded at fair value: Residential one-to-four family 1 $ 1,075 Commercial and Multi-family - - Construction - - Commercial business (1) - - Home equity (2) - - Consumer - - Sub-total: 1 $ 1,075 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 $ 1,136 (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Delinquency Status of Total Loans | 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 $ 2,435 $ - $ 1,488 $ 3,923 $ 150,124 $ 154,047 $ - Commercial and multi-family 9,320 4,020 1,260 14,600 1,084,566 1,099,166 - Construction - - - - 72,899 72,899 - Commercial business (1) 2,842 74 234 3,150 58,354 61,504 - Home equity (2) 44 - - 44 34,292 34,336 - Consumer - - - - 589 589 - Sub-total: $ 14,641 $ 4,094 $ 2,982 $ 21,717 $ 1,400,824 $ 1,422,541 $ - Acquired loans recorded at fair value: Residential one-to-four family $ 1,212 $ 162 $ 3,108 $ 4,482 $ 49,799 54,281 $ - Commercial and multi-family 2,072 - 719 2,791 50,885 53,676 - Construction - - - - - - - Commercial business (1) - - - - 2,985 2,985 - Home equity (2) 569 - 110 679 11,755 12,434 - Consumer 10 - - 10 186 196 - Sub-total: $ 3,863 $ 162 $ 3,937 $ 7,962 $ 115,610 $ 123,572 $ - Acquired loans with deteriorated credit: Residential one-to-four family $ - $ - $ - $ - $ 1,435 1,435 $ - Commercial and multi-family - - - - 748 748 - Construction - - - - - - - Commercial business (1) - - - - - - - Home equity (2) - - - - - - - Consumer - - - - - - - Sub-total: $ - $ - $ - $ - $ 2,183 $ 2,183 $ - Total $ 18,504 $ 4,256 $ 6,919 $ 29,679 $ 1,518,617 $ 1,548,296 $ - _________ (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, 201 6 . (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 $ 2,873 $ 963 $ 1,889 $ 5,725 $ 136,356 $ 142,081 $ - Commercial and multi-family 10,472 989 5,182 16,643 1,040,163 1,056,806 2,828 Construction 348 - - 348 70,519 70,867 - Commercial business (1) 491 69 315 875 62,569 63,444 - Home equity (2) 78 218 - 296 32,121 32,417 - Consumer - - 6 6 1,263 1,269 - Sub-total: $ 14,262 $ 2,239 $ 7,392 $ 23,893 $ 1,342,991 $ 1,366,884 $ 2,828 Acquired loans recorded at fair value: Residential one-to-four family $ 498 $ 515 $ 3,138 $ 4,151 $ 52,159 56,310 $ - Commercial and multi-family 1,958 221 737 2,916 57,506 60,422 - Construction - - - - - - - Commercial business (1) - - - - 4,460 4,460 - Home equity (2) 309 132 280 721 13,156 13,877 - Consumer - - - - 225 225 - Sub-total: $ 2,765 $ 868 $ 4,155 $ 7,788 $ 127,506 $ 135,294 $ - Acquired loans with deteriorated credit: Residential one-to-four family $ - $ - $ - $ - $ 1,443 $ 1,443 $ - Commercial and multi-family - - - - 753 753 - Construction - - - - - - - Commercial business (1) - - - - - - - Home equity (2) - - - - - - - Consumer - - - - - - - Sub-total: $ - $ - $ - $ - $ 2,196 $ 2,196 $ - Total $ 17,027 $ 3,107 $ 11,547 $ 31,681 $ 1,472,693 $ 1,504,374 $ 2,828 __________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Loan Portfolio By Pass Rating | Pass Special Mention Substandard Doubtful Loss Total Originated loans: Residential one-to-four family $ 144,060 $ 6,353 $ 3,634 $ - $ - $ 154,047 Commercial and multi-family 1,083,439 3,401 12,184 - 142 1,099,166 Construction 72,425 474 - - - 72,899 Commercial business (1) 55,650 1,756 4,021 - 77 61,504 Home equity (2) 33,113 823 400 - - 34,336 Consumer 577 12 - - - 589 Sub-total: $ 1,389,264 $ 12,819 $ 20,239 $ - $ 219 $ 1,422,541 Acquired loans recorded at fair value: Residential one-to-four family $ 49,483 $ 621 $ 4,177 $ - $ - 54,281 Commercial and multi-family 49,579 682 3,415 - - 53,676 Construction - - - - - - Commercial business (1) 2,985 - - - - 2,985 Home equity (2) 12,006 138 283 - 7 12,434 Consumer 196 - - - - 196 Sub-total: $ 114,249 $ 1,441 $ 7,875 $ - $ 7 $ 123,572 Residential one-to-four family $ 147 $ 271 $ 1,017 $ - $ - 1,435 Commercial and multi-family 228 520 - - - 748 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ 375 $ 791 $ 1,017 $ - $ - $ 2,183 Total Gross Loans $ 1,503,888 $ 15,051 $ 29,131 $ - $ 226 $ 1,548,296 _________ (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, 201 6 . (In Thousands): Pass Special Mention Substandard Doubtful Loss Total Originated loans: Residential one-to-four family $ 131,807 $ 6,393 $ 3,881 $ - $ - $ 142,081 Commercial and multi-family 1,039,519 6,263 10,811 - 213 1,056,806 Construction 70,391 476 - - - 70,867 Commercial business (1) 57,567 1,789 4,000 - 88 63,444 Home equity (2) 31,052 816 549 - - 32,417 Consumer 1,249 14 6 - - 1,269 Sub-total: $ 1,331,585 $ 15,751 $ 19,247 $ - $ 301 $ 1,366,884 Acquired loans recorded at fair value: Residential one-to-four family $ 51,628 $ 626 $ 4,056 $ - $ - 56,310 Commercial and multi-family 55,216 1,311 3,895 - - 60,422 Construction - - - - - - Commercial business (1) 4,460 - - - - 4,460 Home equity (2) 12,652 424 782 - 19 13,877 Consumer 225 - - - - 225 Sub-total: $ 124,181 $ 2,361 $ 8,733 $ - $ 19 $ 135,294 Acquired loans with deteriorated credit: Residential one-to-four family $ 147 $ 272 $ 1,024 $ - $ - 1,443 Commercial and multi-family 230 523 - - - 753 Construction - - - - - - Commercial business (1) - - - - - - Home equity (2) - - - - - - Consumer - - - - - - Sub-total: $ 377 $ 795 $ 1,024 $ - $ - $ 2,196 Total Gross Loans $ 1,456,143 $ 18,907 $ 29,004 $ - $ 320 $ 1,504,374 ________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. |
Inclusions in the Consolidated Statements of Financial Condition | March 31, December 31, 2017 2016 Unpaid principal balance $ 128,233 $ 140,049 Recorded investment 125,755 137,045 |
Accretable And Non-Accretable Discount on Loans Acquired | The following table presents changes in the accretable discount on l oans acquired for the three months ended March 3 1 , 201 7 and 201 6 . (In Thousands): Three Months Ended March 31, 2017 2016 Balance, Beginning of Period $ 39,119 $ 53,612 Accretion (954) (3,928) Net Reclassification from Non-Accretable Difference 80 195 Balance, End of Period $ 38,245 $ 49,879 The following table presents changes in the non-accretable yield on l oans acquired for the three months ended March 31 , 201 7 and 201 6 . (In Thousands): Three Months Ended March 31, 2017 2016 Balance, Beginning of Period $ 2,558 $ 3,041 Net Reclassification to Accretable Difference (80) (195) Balance, End of Period $ 2,478 $ 2,846 |
Fair Values of Financial Inst21
Fair Values of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31, 2017: Securities available for sale - Residential mortgage-backed securities, Municipal obligations and Preferred Stock $ 106,183 $ - $ 106,183 $ - As of December 31, 2016: Securities available for sale — Residential mortgage-backed securities, Municipal obligations and Preferred Stock $ 94,765 $ - $ 94,765 $ - |
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 March 31, 2017 Impaired Loans $ 11,703 $ - $ - $ 11,703 Other real estate owned $ 2,585 $ - $ - $ 2,585 As of December 31, 2016: Impaired Loans $ 10,519 $ - $ - $ 10,519 Other real estate owned $ 3,525 $ - $ - $ 3,525 |
Quantitative Information about Level 3 Fair Value Measurements | Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Unobservable Range Estimate Techniques Input March 31, 2017: Impaired Loans $ 11,703 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 2,585 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Fair Value Valuation Unobservable Range Estimate Techniques Input December 31, 2016: Impaired Loans $ 10,519 Appraisal of collateral (1) Appraisal adjustments (2) 0% -10% Liquidation expenses (3) 0% -10% Other real estate owned $ 3,525 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 March 31, 2017 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 $ 114,422 $ 114,422 $ 114,422 $ - $ - Interest-earning time deposits 980 980 980 - - Securities available for sale 106,183 106,183 - 106,183 - Loans held for sale 770 775 - 775 - Loans receivable, net 1,528,756 1,540,057 - - 1,540,057 FHLB of New York stock, at cost 8,991 8,991 - 8,991 - Accrued interest receivable 5,714 5,714 - 5,714 - Financial liabilities: Deposits 1,513,844 1,517,384 903,659 613,725 - Borrowings 155,000 155,050 - 155,050 - Subordinated debentures 4,124 4,125 - 4,125 - Accrued interest payable 785 785 - 785 - As of December 31, 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 $ 65,038 $ 65,038 $ 65,038 $ - $ - Interest-earning time deposits 980 980 980 - - Securities available for sale 94,765 94,765 - 94,765 - Loans held for sale 4,153 4,273 - 4,273 - Loans receivable, net 1,485,159 1,515,088 - - 1,515,088 FHLB of New York stock, at cost 9,306 9,306 - 9,306 - Accrued interest receivable 5,573 5,573 - 5,573 - Financial liabilities: Deposits 1,392,205 1,384,578 834,665 549,913 - Borrowings 175,000 176,109 - 176,109 - Subordinated debentures 4,124 4,150 - 4,150 - Accrued interest payable 825 825 - 825 - |
Pension and Other Postretirem22
Pension and Other Postretirement Plans (Narrative) (Details) - USD ($) | Sep. 16, 2016 | Dec. 02, 2015 | Mar. 07, 2014 | Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Apr. 28, 2011 |
Defined Benefit Plan Disclosure [Line Items] | |||||||
Options granted | |||||||
Granted and exercisable stock options | 107,900 | 75,700 | |||||
Shares underlying unexercised options | 431,600 | 341,300 | |||||
Expected future compensation expense, unexercised options | $ 1,016,000 | $ 846,070 | |||||
Expected future compensation expense, weighted average period for recognition | 6 years 11 months 27 days | 7 years 9 months 15 days | |||||
2011 Stock Plan [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Shares authorized for issuance | 900,000 | ||||||
Supplemental Employee Retirement Plan [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Normal retirement age | 65 years | ||||||
Retirement benefit as percentage of compensation | 75.00% | ||||||
Directors [Member] | 2011 Stock Plan [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Options granted | 110,000 | 120,000 | 110,000 | ||||
Vesting period | 10 years | ||||||
Directors [Member] | Tranche 1 - 10 [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Vesting percentage | 10.00% | ||||||
Directors [Member] | Tranche 1 - 10 [Member] | 2011 Stock Plan [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Vesting percentage | 10.00% |
Pension and Other Postretirem23
Pension and Other Postretirement Plans (Schedule Of Periodic Pension And SERP Cost) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Pension Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Interest cost | $ 75 | $ 82 |
Expected return on plan assets | (113) | (131) |
Amortization of unrecognized loss | 29 | 36 |
Net periodic pension benefit/postretirement cost | (9) | (13) |
Supplemental Employee Retirement Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Interest cost | 4 | 3 |
Net periodic pension benefit/postretirement cost | $ 4 | $ 3 |
Pension and Other Postretirem24
Pension and Other Postretirement Plans (Summary of Stock Option Activity) (Details) - $ / shares | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Outstanding, Beginning Balance - Number of Option Shares | 575,000 | 417,000 | 417,000 | |
Options Granted - Number of Option Shares | ||||
Options Exercised - Number of Option Shares | (500) | |||
Options Forfeited - Number of Option Shares | (35,000) | |||
Options Expired - Number of Option Shares | ||||
Outstanding, Ending Balance - Number of Option Shares | 539,500 | 417,000 | 575,000 | 417,000 |
Options Exercisable - Number of Option Shares | 107,900 | 75,700 | ||
Outstanding Option Shares, Range of Exercise Prices, Lower Range Limit | $ 8.93 | $ 8.93 | $ 8.93 | |
Outstanding Option Shares, Range of Exercise Prices, Upper Range Limit | 13.32 | 13.32 | 15.65 | |
Options Exercised - Exercise Price | 10.55 | |||
Options Shares Forfeited - Range of Exercise Prices, Lower Range Limit | 8.93 | |||
Options Shares Forfeited - Range of Exercise Prices, Upper Range Limit | 13.32 | |||
Outstanding Option Shares, Beginning Balance - Weighted Average Exercise Price | 10.78 | $ 10.75 | 10.75 | |
Option Shares Exercised - Weighted Average Exercise Price | 10.55 | |||
Outstanding Option Shares, Ending Balance - Weighted Average Exercise Price | 10.79 | 10.75 | $ 10.78 | $ 10.75 |
Minimum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Option Shares Forfeited - Weighted Average Exercise Price | 8.93 | |||
Maximum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Option Shares Forfeited - Weighted Average Exercise Price | $ 13.32 | |||
2011 Stock Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Outstanding Option Shares, Range of Exercise Prices, Lower Range Limit | 8.93 | |||
Outstanding Option Shares, Range of Exercise Prices, Upper Range Limit | $ 15.65 |
Net Income per Common Share (Na
Net Income per Common Share (Narrative) (Details) - shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net Income per Common Share [Abstract] | ||
Anti-dilutive outstanding options | 8,757 | 0 |
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 | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net Income per Common Share [Abstract] | ||
Net income available to common stockholders | $ 2,795 | $ 1,801 |
Basic earnings per share - Income available to Common stockholders | 2,795 | 1,801 |
Diluted earnings per share- Income available to Common stockholders | $ 2,795 | $ 1,801 |
Basic earnings per share- Income available to Common stockholders, Shares | 11,278 | 11,217 |
Effect of dilutive securities: Stock options: Shares | 82 | 2 |
Diluted earnings per share- Income available to Common stockholders, Shares | 11,360 | 11,219 |
Earnings Per Share, Basic | $ 0.25 | $ 0.16 |
Earnings Per Share, Diluted | $ 0.25 | $ 0.16 |
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 | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale debt and equity securities: Amortized Cost | $ 109,114 | $ 99,148 |
Available for sale securities: Gross Unrealized Gains | 246 | 88 |
Available for sale securities: Gross Unrealized Losses | 3,177 | 4,471 |
Available for sale debt and equity securities: Fair Value | 106,183 | 94,765 |
Residential mortgage-backed securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities, Due after five years through ten years, Amortized Cost | 10,126 | 6,230 |
Debt securities, Due after ten years, Amortized Cost | 83,908 | 80,594 |
Debt securities: Due after five years through ten years, Gross Unrealized Gains | 22 | 23 |
Debt securities, Due after ten years, Gross Unrealized Gains | 57 | 65 |
Debt securities: Due after five years through ten years, Gross Unrealized Losses | 92 | 86 |
Debt securities: Due after ten years, Gross Unrealized Losses | 3,078 | 4,354 |
Debt securities: Due after five years through ten years, Fair Value | 10,056 | 6,167 |
Debt securities: Due after ten years, Fair Value | 80,887 | 76,305 |
Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities, Due within one year, Amortized Cost | 6,961 | 6,968 |
Debt securities: Due within one year, Gross Unrealized Losses | 7 | |
Debt securities: Due within one year, Fair Value | 6,961 | 6,961 |
Preferred Stock [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Equity securities, Due after 10 years, Amortized Cost | 8,119 | 5,356 |
Equity securities: Due after 10 years, Gross Unrealized Gains | 167 | |
Equity securities: Due after 10 years, Gross Unrealized Losses | 7 | 24 |
Equity securities: Due after 10 years, Fair Value | $ 8,279 | $ 5,332 |
Securities Available For Sale28
Securities Available For Sale (Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value ) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months - Fair Value | $ 84,963 | $ 83,616 |
More than 12 Months - Fair Value | 3,353 | 3,379 |
Total - Fair Value | 88,316 | 86,995 |
Less than 12 Months - Unrealized Losses | 3,045 | 4,344 |
More than 12 Months - Unrealized Losses | 132 | 127 |
Total - Unrealized Losses | 3,177 | 4,471 |
Residential mortgage-backed securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months - Fair Value | 83,208 | 74,672 |
More than 12 Months - Fair Value | 3,353 | 3,379 |
Total - Fair Value | 86,561 | 78,051 |
Less than 12 Months - Unrealized Losses | 3,038 | 4,313 |
More than 12 Months - Unrealized Losses | 132 | 127 |
Total - Unrealized Losses | 3,170 | 4,440 |
Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months - Fair Value | 6,961 | |
Total - Fair Value | 6,961 | |
Less than 12 Months - Unrealized Losses | 7 | |
Total - Unrealized Losses | 7 | |
Preferred Stock [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months - Fair Value | 1,755 | 1,983 |
Total - Fair Value | 1,755 | 1,983 |
Less than 12 Months - Unrealized Losses | 7 | 24 |
Total - Unrealized Losses | $ 7 | $ 24 |
Loans Receivable and Allowanc29
Loans Receivable and Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired loans | $ 50,311 | $ 49,403 |
Loss [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired loans | 226 | |
Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired loans | 29,100 | |
Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired loans | $ 9,100 |
Loans Receivable and Allowanc30
Loans Receivable and Allowance for Loan Losses (Recorded Investments in Loans Receivable) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $ 1,548,296 | $ 1,504,374 | $ 1,450,053 |
Deferred loan fees, net | (2,014) | (2,006) | |
Allowance for loan losses | (17,526) | (17,209) | |
Total deductions from gross loans | (19,540) | (19,215) | |
Net Loans | 1,528,756 | 1,485,159 | |
Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 209,763 | 199,834 | 198,275 |
Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,153,590 | 1,117,981 | 1,060,509 |
Construction Loans In Process[Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 72,899 | 70,867 | 65,666 |
Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 64,489 | 67,904 | 74,545 |
Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 46,770 | 46,294 | 49,194 |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 785 | 1,494 | 1,864 |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,422,541 | 1,366,884 | 1,287,216 |
Originated Loans [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 154,047 | 142,081 | 131,988 |
Originated Loans [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,099,166 | 1,056,806 | 987,568 |
Originated Loans [Member] | Construction Loans In Process[Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 72,899 | 70,867 | 65,666 |
Originated Loans [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 61,504 | 63,444 | 69,370 |
Originated Loans [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 34,336 | 32,417 | 30,967 |
Originated Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 589 | 1,269 | 1,657 |
Acquired Loans Recorded At Fair Value [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 123,572 | 135,294 | 160,365 |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 54,281 | 56,310 | 64,821 |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 53,676 | 60,422 | 72,172 |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 2,985 | 4,460 | 5,012 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 12,434 | 13,877 | 18,153 |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 196 | 225 | 207 |
Acquired Loans With Deteriorated Credit [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 2,183 | 2,196 | 2,472 |
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,435 | 1,443 | 1,466 |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $ 748 | $ 753 | 769 |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 163 | ||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $ 74 |
Loans Receivable and Allowanc31
Loans Receivable and Allowance for Loan Losses (Allowance for Loan Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | $ 17,209 | $ 18,042 | $ 18,042 |
Allowance for loan losses: Charge-offs | 200 | 73 | 1,081 |
Allowance for loan losses: Recoveries | 19 | 10 | 221 |
Allowance for loan losses: Provisions | 498 | 189 | 27 |
Allowance for loan losses: Ending Balance | 17,526 | 18,168 | 17,209 |
Loans receivables: Ending balance | 1,548,296 | 1,450,053 | 1,504,374 |
Loans receivables: Ending balance: individually evaluated for impairment | 45,830 | 52,146 | 45,419 |
Loans receivables: Ending balance: collectively evaluated for impairment | 1,502,466 | 1,397,907 | 1,458,955 |
Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 2,311 | 2,424 | 2,424 |
Allowance for loan losses: Charge-offs | 89 | 67 | 459 |
Allowance for loan losses: Provisions | 82 | 136 | 346 |
Allowance for loan losses: Ending Balance | 2,304 | 2,493 | 2,311 |
Loans receivables: Ending balance | 209,763 | 198,275 | 199,834 |
Loans receivables: Ending balance: individually evaluated for impairment | 19,747 | 19,946 | 19,694 |
Loans receivables: Ending balance: collectively evaluated for impairment | 190,016 | 178,329 | 180,140 |
Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 10,634 | 11,674 | 11,674 |
Allowance for loan losses: Charge-offs | 71 | 405 | |
Allowance for loan losses: Recoveries | 78 | ||
Allowance for loan losses: Provisions | 299 | (76) | (713) |
Allowance for loan losses: Ending Balance | 10,862 | 11,598 | 10,634 |
Loans receivables: Ending balance | 1,153,590 | 1,060,509 | 1,117,981 |
Loans receivables: Ending balance: individually evaluated for impairment | 20,001 | 20,873 | 19,204 |
Loans receivables: Ending balance: collectively evaluated for impairment | 1,133,589 | 1,039,636 | 1,098,777 |
Construction Loans In Process[Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 736 | 722 | 722 |
Allowance for loan losses: Provisions | 20 | 111 | 14 |
Allowance for loan losses: Ending Balance | 756 | 833 | 736 |
Loans receivables: Ending balance | 72,899 | 65,666 | 70,867 |
Loans receivables: Ending balance: individually evaluated for impairment | 2,984 | 6 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 72,899 | 62,682 | 70,861 |
Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 3,079 | 1,753 | 1,753 |
Allowance for loan losses: Charge-offs | 3 | 163 | |
Allowance for loan losses: Recoveries | 19 | 129 | |
Allowance for loan losses: Provisions | 20 | (84) | 1,360 |
Allowance for loan losses: Ending Balance | 3,117 | 1,666 | 3,079 |
Loans receivables: Ending balance | 64,489 | 74,545 | 67,904 |
Loans receivables: Ending balance: individually evaluated for impairment | 4,097 | 4,266 | 4,088 |
Loans receivables: Ending balance: collectively evaluated for impairment | 60,392 | 70,279 | 63,816 |
Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 378 | 422 | 422 |
Allowance for loan losses: Charge-offs | 34 | 3 | 54 |
Allowance for loan losses: Recoveries | 10 | 14 | |
Allowance for loan losses: Provisions | (9) | (40) | (4) |
Allowance for loan losses: Ending Balance | 335 | 389 | 378 |
Loans receivables: Ending balance | 46,770 | 49,194 | 46,294 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,985 | 2,814 | 2,427 |
Loans receivables: Ending balance: collectively evaluated for impairment | 44,785 | 46,380 | 43,867 |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 2 | 879 | 879 |
Allowance for loan losses: Charge-offs | 6 | ||
Allowance for loan losses: Provisions | 6 | 46 | (877) |
Allowance for loan losses: Ending Balance | 2 | 925 | 2 |
Loans receivables: Ending balance | 785 | 1,864 | 1,494 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,263 | ||
Loans receivables: Ending balance: collectively evaluated for impairment | 785 | 601 | 1,494 |
Unallocated [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 69 | 168 | 168 |
Allowance for loan losses: Provisions | 80 | 96 | (99) |
Allowance for loan losses: Ending Balance | 150 | 264 | 69 |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 16,979 | 17,637 | 17,637 |
Allowance for loan losses: Charge-offs | 77 | 527 | |
Allowance for loan losses: Recoveries | 74 | ||
Allowance for loan losses: Provisions | 458 | 202 | (205) |
Allowance for loan losses: Ending Balance | 17,361 | 17,839 | 16,979 |
Loans receivables: Ending balance | 1,422,541 | 1,287,216 | 1,366,884 |
Loans receivables: Ending balance: individually evaluated for impairment | 29,216 | 33,411 | 28,432 |
Loans receivables: Ending balance: collectively evaluated for impairment | 1,393,325 | 1,253,805 | 1,338,452 |
Originated Loans [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 2,098 | 2,107 | 2,107 |
Allowance for loan losses: Provisions | 53 | 131 | (9) |
Allowance for loan losses: Ending Balance | 2,151 | 2,238 | 2,098 |
Loans receivables: Ending balance | 154,047 | 131,988 | 142,081 |
Loans receivables: Ending balance: individually evaluated for impairment | 10,293 | 9,052 | 10,651 |
Loans receivables: Ending balance: collectively evaluated for impairment | 143,754 | 122,936 | 131,430 |
Originated Loans [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 10,621 | 11,643 | 11,643 |
Allowance for loan losses: Charge-offs | 71 | 367 | |
Allowance for loan losses: Recoveries | 74 | ||
Allowance for loan losses: Provisions | 300 | (68) | (729) |
Allowance for loan losses: Ending Balance | 10,850 | 11,575 | 10,621 |
Loans receivables: Ending balance | 1,099,166 | 987,568 | 1,056,806 |
Loans receivables: Ending balance: individually evaluated for impairment | 13,623 | 14,630 | 12,325 |
Loans receivables: Ending balance: collectively evaluated for impairment | 1,085,543 | 972,938 | 1,044,481 |
Originated Loans [Member] | Construction Loans In Process[Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 736 | 722 | 722 |
Allowance for loan losses: Provisions | 20 | 111 | 14 |
Allowance for loan losses: Ending Balance | 756 | 833 | 736 |
Loans receivables: Ending balance | 72,899 | 65,666 | 70,867 |
Loans receivables: Ending balance: individually evaluated for impairment | 2,984 | 6 | |
Loans receivables: Ending balance: collectively evaluated for impairment | 72,899 | 62,682 | 70,861 |
Originated Loans [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 3,079 | 1,749 | 1,749 |
Allowance for loan losses: Charge-offs | 160 | ||
Allowance for loan losses: Provisions | 38 | (87) | 1,490 |
Allowance for loan losses: Ending Balance | 3,117 | 1,662 | 3,079 |
Loans receivables: Ending balance | 61,504 | 69,370 | 63,444 |
Loans receivables: Ending balance: individually evaluated for impairment | 4,097 | 4,103 | 4,088 |
Loans receivables: Ending balance: collectively evaluated for impairment | 57,407 | 65,267 | 59,356 |
Originated Loans [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 374 | 369 | 369 |
Allowance for loan losses: Provisions | (39) | (27) | 5 |
Allowance for loan losses: Ending Balance | 335 | 342 | 374 |
Loans receivables: Ending balance | 34,336 | 30,967 | 32,417 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,203 | 1,379 | 1,362 |
Loans receivables: Ending balance: collectively evaluated for impairment | 33,133 | 29,588 | 31,055 |
Originated Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 2 | 879 | 879 |
Allowance for loan losses: Charge-offs | 6 | ||
Allowance for loan losses: Provisions | 6 | 46 | (877) |
Allowance for loan losses: Ending Balance | 2 | 925 | 2 |
Loans receivables: Ending balance | 589 | 1,657 | 1,269 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,263 | ||
Loans receivables: Ending balance: collectively evaluated for impairment | 589 | 394 | 1,269 |
Originated Loans [Member] | Unallocated [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 69 | 168 | 168 |
Allowance for loan losses: Provisions | 80 | 96 | (99) |
Allowance for loan losses: Ending Balance | 150 | 264 | 69 |
Acquired Loans Recorded At Fair Value [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 174 | 337 | 337 |
Allowance for loan losses: Charge-offs | 73 | 554 | |
Allowance for loan losses: Recoveries | 10 | 18 | |
Allowance for loan losses: Provisions | 61 | (12) | 373 |
Allowance for loan losses: Ending Balance | 112 | 262 | 174 |
Loans receivables: Ending balance | 123,572 | 160,365 | 135,294 |
Loans receivables: Ending balance: individually evaluated for impairment | 14,659 | 16,502 | 15,021 |
Loans receivables: Ending balance: collectively evaluated for impairment | 108,913 | 143,863 | 120,273 |
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 | 170 | 270 | 270 |
Allowance for loan losses: Charge-offs | 89 | 67 | 459 |
Allowance for loan losses: Provisions | 31 | 5 | 359 |
Allowance for loan losses: Ending Balance | 112 | 208 | 170 |
Loans receivables: Ending balance | 54,281 | 64,821 | 56,310 |
Loans receivables: Ending balance: individually evaluated for impairment | 8,019 | 9,428 | 7,600 |
Loans receivables: Ending balance: collectively evaluated for impairment | 46,262 | 55,393 | 48,710 |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 17 | 17 | |
Allowance for loan losses: Charge-offs | 38 | ||
Allowance for loan losses: Recoveries | 4 | ||
Allowance for loan losses: Provisions | (7) | 17 | |
Allowance for loan losses: Ending Balance | 10 | ||
Loans receivables: Ending balance | 53,676 | 72,172 | 60,422 |
Loans receivables: Ending balance: individually evaluated for impairment | 5,858 | 5,713 | 6,356 |
Loans receivables: Ending balance: collectively evaluated for impairment | 47,818 | 66,459 | 54,066 |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Charge-offs | 3 | 3 | |
Allowance for loan losses: Provisions | 3 | 3 | |
Loans receivables: Ending balance | 2,985 | 5,012 | 4,460 |
Loans receivables: Ending balance: collectively evaluated for impairment | 2,985 | 5,012 | 4,460 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 4 | 50 | 50 |
Allowance for loan losses: Charge-offs | 34 | 3 | 54 |
Allowance for loan losses: Recoveries | 10 | 14 | |
Allowance for loan losses: Provisions | 30 | (13) | (6) |
Allowance for loan losses: Ending Balance | 44 | 4 | |
Loans receivables: Ending balance | 12,434 | 18,153 | 13,877 |
Loans receivables: Ending balance: individually evaluated for impairment | 782 | 1,361 | 1,065 |
Loans receivables: Ending balance: collectively evaluated for impairment | 11,652 | 16,792 | 12,812 |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivables: Ending balance | 196 | 207 | 225 |
Loans receivables: Ending balance: collectively evaluated for impairment | 196 | 207 | 225 |
Acquired Loans With Deteriorated Credit [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 56 | 68 | 68 |
Allowance for loan losses: Recoveries | 19 | 129 | |
Allowance for loan losses: Provisions | (21) | (1) | (141) |
Allowance for loan losses: Ending Balance | 53 | 67 | 56 |
Loans receivables: Ending balance | 2,183 | 2,472 | 2,196 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,955 | 2,233 | 1,966 |
Loans receivables: Ending balance: collectively evaluated for impairment | 228 | 239 | 230 |
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 | 43 | 47 | 47 |
Allowance for loan losses: Provisions | (2) | (4) | |
Allowance for loan losses: Ending Balance | 41 | 47 | 43 |
Loans receivables: Ending balance | 1,435 | 1,466 | 1,443 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,435 | 1,466 | 1,443 |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 13 | 14 | 14 |
Allowance for loan losses: Provisions | (1) | (1) | (1) |
Allowance for loan losses: Ending Balance | 12 | 13 | 13 |
Loans receivables: Ending balance | 748 | 769 | 753 |
Loans receivables: Ending balance: individually evaluated for impairment | 520 | 530 | 523 |
Loans receivables: Ending balance: collectively evaluated for impairment | 228 | 239 | 230 |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 4 | 4 | |
Allowance for loan losses: Recoveries | 19 | 129 | |
Allowance for loan losses: Provisions | $ (18) | (133) | |
Allowance for loan losses: Ending Balance | 4 | ||
Loans receivables: Ending balance | 163 | ||
Loans receivables: Ending balance: individually evaluated for impairment | 163 | ||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses: Beginning Balance | 3 | 3 | |
Allowance for loan losses: Provisions | $ (3) | ||
Allowance for loan losses: Ending Balance | 3 | ||
Loans receivables: Ending balance | 74 | ||
Loans receivables: Ending balance: individually evaluated for impairment | $ 74 |
Loans Receivable and Allowanc32
Loans Receivable and Allowance for Loan Losses (Non-accruing Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | $ 16,987 | $ 15,652 |
Loans Receivable >90 Days and Accruing | 2,828 | |
Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 12,331 | 10,278 |
Loans Receivable >90 Days and Accruing | 2,828 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 3,634 | 3,693 |
Loans Receivable >90 Days and Accruing | ||
Originated Loans [Member] | Commercial And Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 7,829 | 5,437 |
Loans Receivable >90 Days and Accruing | 2,828 | |
Originated Loans [Member] | Construction Loans In Process[Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Originated Loans [Member] | Commercial Business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 658 | 726 |
Loans Receivable >90 Days and Accruing | ||
Originated Loans [Member] | Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 210 | 416 |
Loans Receivable >90 Days and Accruing | ||
Originated Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 6 | |
Loans Receivable >90 Days and Accruing | ||
Acquired Loans Recorded At Fair Value [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 4,656 | 5,374 |
Loans Receivable >90 Days and Accruing | ||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 3,683 | 3,429 |
Loans Receivable >90 Days and Accruing | ||
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 719 | 1,182 |
Loans Receivable >90 Days and Accruing | ||
Acquired Loans Recorded At Fair Value [Member] | Construction Loans In Process[Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual loans | 254 | 763 |
Loans Receivable >90 Days and Accruing | ||
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans With Deteriorated Credit [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans With Deteriorated Credit [Member] | Construction Loans In Process[Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing | ||
Acquired Loans With Deteriorated Credit [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans Receivable >90 Days and Accruing |
Loans Receivable and Allowanc33
Loans Receivable and Allowance for Loan Losses (Impaired Loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | $ 30,977 | $ 32,258 | |
Average Recorded Investment - With an allowance recorded | 14,651 | 19,362 | |
Interest Income Recognized - With no related allowance recorded | 222 | 210 | |
Interest Income Recognized - With an allowance recorded | 157 | 113 | |
Recorded Investment - With no related allowance recorded | 30,580 | $ 31,369 | |
Recorded Investment - With an allowance recorded | 15,250 | 14,050 | |
Recorded Investment - Total | 45,830 | 45,419 | |
Unpaid Principal Balance - With no related allowance recorded | 34,114 | 34,266 | |
Unpaid Principal Balance - With an allowance recorded | 16,197 | 15,137 | |
Unpaid Principal Balance - Total | 50,311 | 49,403 | |
Related Allowance | 3,547 | 3,530 | |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 3 | ||
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 17,663 | 18,423 | |
Average Recorded Investment - With an allowance recorded | 11,163 | 13,746 | |
Interest Income Recognized - With no related allowance recorded | 95 | 143 | |
Interest Income Recognized - With an allowance recorded | 120 | 80 | |
Recorded Investment - With no related allowance recorded | 17,618 | 17,706 | |
Recorded Investment - With an allowance recorded | 11,598 | 10,726 | |
Unpaid Principal Balance - With no related allowance recorded | 19,462 | 19,136 | |
Unpaid Principal Balance - With an allowance recorded | 12,475 | 11,705 | |
Related Allowance | 3,165 | 3,267 | |
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 | 4,499 | 3,283 | |
Average Recorded Investment - With an allowance recorded | 5,973 | 5,803 | |
Interest Income Recognized - With no related allowance recorded | 23 | 20 | |
Interest Income Recognized - With an allowance recorded | 60 | 16 | |
Recorded Investment - With no related allowance recorded | 3,840 | 5,158 | |
Recorded Investment - With an allowance recorded | 6,453 | 5,493 | |
Unpaid Principal Balance - With no related allowance recorded | 4,049 | 5,341 | |
Unpaid Principal Balance - With an allowance recorded | 6,529 | 5,493 | |
Related Allowance | 552 | 496 | |
Originated Loans [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 11,576 | 10,336 | |
Average Recorded Investment - With an allowance recorded | 1,399 | 4,320 | |
Interest Income Recognized - With no related allowance recorded | 63 | 70 | |
Interest Income Recognized - With an allowance recorded | 10 | 54 | |
Recorded Investment - With no related allowance recorded | 12,653 | 10,498 | |
Recorded Investment - With an allowance recorded | 970 | 1,827 | |
Unpaid Principal Balance - With no related allowance recorded | 13,109 | 10,722 | |
Unpaid Principal Balance - With an allowance recorded | 972 | 1,866 | |
Related Allowance | 137 | 380 | |
Originated Loans [Member] | Construction Loans In Process[Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 1,492 | ||
Interest Income Recognized - With no related allowance recorded | 41 | ||
Recorded Investment - With no related allowance recorded | 6 | ||
Unpaid Principal Balance - With no related allowance recorded | 6 | 6 | |
Originated Loans [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 639 | 2,108 | |
Average Recorded Investment - With an allowance recorded | 3,454 | 2,046 | |
Interest Income Recognized - With no related allowance recorded | 3 | ||
Interest Income Recognized - With an allowance recorded | 46 | 9 | |
Recorded Investment - With no related allowance recorded | 256 | 1,022 | |
Recorded Investment - With an allowance recorded | 3,841 | 3,066 | |
Unpaid Principal Balance - With no related allowance recorded | 1,361 | 1,966 | |
Unpaid Principal Balance - With an allowance recorded | 4,640 | 4,006 | |
Related Allowance | 2,445 | 2,359 | |
Originated Loans [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 946 | 1,204 | |
Average Recorded Investment - With an allowance recorded | 337 | 214 | |
Interest Income Recognized - With no related allowance recorded | 9 | 9 | |
Interest Income Recognized - With an allowance recorded | 4 | 1 | |
Recorded Investment - With no related allowance recorded | 869 | 1,022 | |
Recorded Investment - With an allowance recorded | 334 | 340 | |
Unpaid Principal Balance - With no related allowance recorded | 937 | 1,101 | |
Unpaid Principal Balance - With an allowance recorded | 334 | 340 | |
Related Allowance | 31 | 32 | |
Originated Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With an allowance recorded | 1,363 | ||
Acquired Loans Recorded At Fair Value [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 11,353 | 11,814 | |
Average Recorded Investment - With an allowance recorded | 3,488 | 5,451 | |
Interest Income Recognized - With no related allowance recorded | 98 | 66 | |
Interest Income Recognized - With an allowance recorded | 37 | 32 | |
Recorded Investment - With no related allowance recorded | 11,007 | 11,697 | |
Recorded Investment - With an allowance recorded | 3,652 | 3,324 | |
Unpaid Principal Balance - With no related allowance recorded | 12,043 | 12,509 | |
Unpaid Principal Balance - With an allowance recorded | 3,722 | 3,432 | |
Related Allowance | 382 | 263 | |
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 | 5,885 | 6,731 | |
Average Recorded Investment - With an allowance recorded | 1,925 | 2,926 | |
Interest Income Recognized - With no related allowance recorded | 36 | 51 | |
Interest Income Recognized - With an allowance recorded | 19 | 25 | |
Recorded Investment - With no related allowance recorded | 6,192 | 5,577 | |
Recorded Investment - With an allowance recorded | 1,827 | 2,023 | |
Unpaid Principal Balance - With no related allowance recorded | 7,006 | 6,149 | |
Unpaid Principal Balance - With an allowance recorded | 1,837 | 2,080 | |
Related Allowance | 172 | 202 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 4,857 | 4,318 | |
Average Recorded Investment - With an allowance recorded | 1,250 | 1,927 | |
Interest Income Recognized - With no related allowance recorded | 56 | 12 | |
Interest Income Recognized - With an allowance recorded | 16 | 1 | |
Recorded Investment - With no related allowance recorded | 4,139 | 5,575 | |
Recorded Investment - With an allowance recorded | 1,719 | 781 | |
Unpaid Principal Balance - With no related allowance recorded | 4,213 | 5,710 | |
Unpaid Principal Balance - With an allowance recorded | 1,779 | 781 | |
Related Allowance | 198 | 37 | |
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 | 611 | 765 | |
Average Recorded Investment - With an allowance recorded | 313 | 598 | |
Interest Income Recognized - With no related allowance recorded | 3 | ||
Interest Income Recognized - With an allowance recorded | 2 | 6 | |
Recorded Investment - With no related allowance recorded | 676 | 545 | |
Recorded Investment - With an allowance recorded | 106 | 520 | |
Unpaid Principal Balance - With no related allowance recorded | 824 | 650 | |
Unpaid Principal Balance - With an allowance recorded | 106 | 571 | |
Related Allowance | 12 | 24 | |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest Income Recognized - With no related allowance recorded | 6 | ||
Acquired Loans With Deteriorated Credit [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 1,961 | 2,021 | |
Average Recorded Investment - With an allowance recorded | 165 | ||
Interest Income Recognized - With no related allowance recorded | 29 | 1 | |
Interest Income Recognized - With an allowance recorded | 1 | ||
Recorded Investment - With no related allowance recorded | 1,955 | 1,966 | |
Unpaid Principal Balance - With no related allowance recorded | 2,609 | 2,621 | |
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 | 1,439 | 1,470 | |
Interest Income Recognized - With no related allowance recorded | 22 | ||
Recorded Investment - With no related allowance recorded | 1,435 | 1,443 | |
Unpaid Principal Balance - With no related allowance recorded | 2,060 | 2,069 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With no related allowance recorded | 522 | 478 | |
Interest Income Recognized - With no related allowance recorded | 7 | ||
Recorded Investment - With no related allowance recorded | 520 | 523 | |
Unpaid Principal Balance - With no related allowance recorded | $ 549 | $ 552 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Average Recorded Investment - With an allowance recorded | 165 | ||
Interest Income Recognized - With an allowance recorded | 1 | ||
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 | 73 | ||
Interest Income Recognized - With no related allowance recorded | $ 1 |
Loans Receivable and Allowanc34
Loans Receivable and Allowance for Loan Losses (Troubled Debt Restructurings) (Details) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017USD ($)loan | Mar. 31, 2016USD ($)loan | Dec. 31, 2016USD ($)loan | |
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 83 | 80 | |
Amount | $ 30,400 | $ 27,568 | |
Number of Contracts | loan | 5 | 2 | |
Pre-Modification Outstanding Recorded Investments | $ 3,155 | $ 299 | |
Post-Modification Outstanding Recorded Investments | $ 3,416 | $ 299 | |
Number of Contracts, Subsequent Default | loan | 2 | 2 | |
Recorded Investment, Subsequent Default | $ 1,562 | $ 1,136 | |
Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 62 | 63 | |
Amount | $ 22,243 | $ 22,185 | |
Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 21 | 17 | |
Amount | $ 8,157 | $ 5,383 | |
Originated Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 36 | 34 | |
Amount | $ 16,003 | $ 13,201 | |
Number of Contracts | loan | 4 | 1 | |
Pre-Modification Outstanding Recorded Investments | $ 3,082 | $ 71 | |
Post-Modification Outstanding Recorded Investments | $ 3,312 | $ 71 | |
Number of Contracts, Subsequent Default | loan | 1 | 1 | |
Recorded Investment, Subsequent Default | $ 1,137 | $ 61 | |
Originated Loans [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 22 | 24 | |
Amount | $ 10,218 | $ 10,513 | |
Originated Loans [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 14 | 10 | |
Amount | $ 5,785 | $ 2,688 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 9 | 8 | |
Amount | $ 4,067 | $ 2,687 | |
Number of Contracts | loan | 2 | ||
Pre-Modification Outstanding Recorded Investments | $ 1,445 | ||
Post-Modification Outstanding Recorded Investments | $ 1,556 | ||
Originated Loans [Member] | Residential One-to-Four Family [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 7 | 8 | |
Amount | $ 2,603 | $ 2,687 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 2 | ||
Amount | $ 1,464 | ||
Originated Loans [Member] | Commercial And Multi-family [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 18 | 17 | |
Amount | $ 8,853 | $ 7,438 | |
Number of Contracts | loan | 2 | ||
Pre-Modification Outstanding Recorded Investments | $ 1,637 | ||
Post-Modification Outstanding Recorded Investments | $ 1,756 | ||
Originated Loans [Member] | Commercial And Multi-family [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 8 | 9 | |
Amount | $ 4,901 | $ 5,141 | |
Originated Loans [Member] | Commercial And Multi-family [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 10 | 8 | |
Amount | $ 3,952 | $ 2,297 | |
Originated Loans [Member] | Commercial Business [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 3 | 3 | |
Amount | $ 2,230 | $ 2,213 | |
Originated Loans [Member] | Commercial Business [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 2 | 2 | |
Amount | $ 1,905 | $ 1,868 | |
Originated Loans [Member] | Commercial Business [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 1 | 1 | |
Amount | $ 325 | $ 345 | |
Originated Loans [Member] | Home Equity [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 6 | 6 | |
Amount | $ 853 | $ 863 | |
Number of Contracts, Subsequent Default | loan | 1 | ||
Recorded Investment, Subsequent Default | $ 1,137 | ||
Originated Loans [Member] | Home Equity [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 5 | 5 | |
Amount | $ 809 | $ 817 | |
Originated Loans [Member] | Home Equity [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 1 | 1 | |
Amount | $ 44 | $ 46 | |
Originated Loans [Member] | Consumer [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | loan | 1 | ||
Pre-Modification Outstanding Recorded Investments | $ 71 | ||
Post-Modification Outstanding Recorded Investments | $ 71 | ||
Number of Contracts, Subsequent Default | loan | 1 | ||
Recorded Investment, Subsequent Default | $ 61 | ||
Acquired Loans Recorded At Fair Value [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 41 | 40 | |
Amount | $ 11,789 | $ 11,746 | |
Number of Contracts | loan | 1 | 1 | |
Pre-Modification Outstanding Recorded Investments | $ 73 | $ 228 | |
Post-Modification Outstanding Recorded Investments | $ 104 | $ 228 | |
Number of Contracts, Subsequent Default | loan | 1 | 1 | |
Recorded Investment, Subsequent Default | $ 425 | $ 1,075 | |
Acquired Loans Recorded At Fair Value [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 34 | 33 | |
Amount | $ 9,417 | $ 9,051 | |
Acquired Loans Recorded At Fair Value [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 7 | 7 | |
Amount | $ 2,372 | $ 2,695 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 24 | 23 | |
Amount | $ 5,935 | $ 5,872 | |
Number of Contracts | loan | 1 | ||
Pre-Modification Outstanding Recorded Investments | $ 73 | ||
Post-Modification Outstanding Recorded Investments | $ 104 | ||
Number of Contracts, Subsequent Default | loan | 1 | ||
Recorded Investment, Subsequent Default | $ 425 | ||
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 18 | 18 | |
Amount | $ 4,146 | $ 3,979 | |
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 | 6 | 5 | |
Amount | $ 1,789 | $ 1,893 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 14 | 14 | |
Amount | $ 5,363 | $ 5,390 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 13 | 13 | |
Amount | $ 4,780 | $ 4,807 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 1 | 1 | |
Amount | $ 583 | $ 583 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 3 | 3 | |
Amount | $ 491 | $ 484 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 3 | 2 | |
Amount | $ 491 | $ 265 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Non-accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 1 | ||
Amount | $ 219 | ||
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | loan | 1 | ||
Pre-Modification Outstanding Recorded Investments | $ 228 | ||
Post-Modification Outstanding Recorded Investments | $ 228 | ||
Number of Contracts, Subsequent Default | loan | 1 | ||
Recorded Investment, Subsequent Default | $ 1,075 | ||
Acquired Loans With Deteriorated Credit [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 6 | 6 | |
Amount | $ 2,608 | $ 2,621 | |
Number of Contracts, Subsequent Default | loan | 0 | ||
Recorded Investment, Subsequent Default | $ 0 | ||
Acquired Loans With Deteriorated Credit [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 6 | 6 | |
Amount | $ 2,608 | $ 2,621 | |
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 5 | 5 | |
Amount | $ 2,060 | $ 2,069 | |
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 | |
Amount | $ 2,060 | $ 2,069 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 1 | 1 | |
Amount | $ 548 | $ 552 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | Accrual [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | loan | 1 | 1 | |
Amount | $ 548 | $ 552 |
Loans Receivable and Allowanc35
Loans Receivable and Allowance for Loan Losses (Delinquency Status of Total Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | $ 29,679 | $ 31,681 |
Current | 1,518,617 | 1,472,693 |
Total Loans Receivable | 1,548,296 | 1,504,374 |
30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 18,504 | 17,027 |
60 to 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 4,256 | 3,107 |
Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 6,919 | 11,547 |
Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 21,717 | 23,893 |
Current | 1,400,824 | 1,342,991 |
Total Loans Receivable | 1,422,541 | 1,366,884 |
Originated Loans [Member] | 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 14,641 | 14,262 |
Originated Loans [Member] | 60 to 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 4,094 | 2,239 |
Originated Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,982 | 7,392 |
Originated Loans [Member] | Residential One-to-Four Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 3,923 | 5,725 |
Current | 150,124 | 136,356 |
Total Loans Receivable | 154,047 | 142,081 |
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 | 2,435 | 2,873 |
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 | 963 | |
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 | 1,488 | 1,889 |
Originated Loans [Member] | Commercial And Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 14,600 | 16,643 |
Current | 1,084,566 | 1,040,163 |
Total Loans Receivable | 1,099,166 | 1,056,806 |
Originated Loans [Member] | Commercial And Multi-family [Member] | 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 9,320 | 10,472 |
Originated Loans [Member] | Commercial And Multi-family [Member] | 60 to 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 4,020 | 989 |
Originated Loans [Member] | Commercial And Multi-family [Member] | Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 1,260 | 5,182 |
Originated Loans [Member] | Construction Loans In Process[Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 348 | |
Current | 72,899 | 70,519 |
Total Loans Receivable | 72,899 | 70,867 |
Originated Loans [Member] | Construction Loans In Process[Member] | 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 348 | |
Originated Loans [Member] | Commercial Business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 3,150 | 875 |
Current | 58,354 | 62,569 |
Total Loans Receivable | 61,504 | 63,444 |
Originated Loans [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,842 | 491 |
Originated Loans [Member] | Commercial Business [Member] | 60 to 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 74 | 69 |
Originated Loans [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 234 | 315 |
Originated Loans [Member] | Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 44 | 296 |
Current | 34,292 | 32,121 |
Total Loans Receivable | 34,336 | 32,417 |
Originated Loans [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 44 | 78 |
Originated Loans [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 218 | |
Originated Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 6 | |
Current | 589 | 1,263 |
Total Loans Receivable | 589 | 1,269 |
Originated Loans [Member] | Consumer [Member] | Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 6 | |
Acquired Loans Recorded At Fair Value [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 7,962 | 7,788 |
Current | 115,610 | 127,506 |
Total Loans Receivable | 123,572 | 135,294 |
Acquired Loans Recorded At Fair Value [Member] | 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 3,863 | 2,765 |
Acquired Loans Recorded At Fair Value [Member] | 60 to 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 162 | 868 |
Acquired Loans Recorded At Fair Value [Member] | Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 3,937 | 4,155 |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 4,482 | 4,151 |
Current | 49,799 | 52,159 |
Total Loans Receivable | 54,281 | 56,310 |
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 | 1,212 | 498 |
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 | 162 | 515 |
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 | 3,108 | 3,138 |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,791 | 2,916 |
Current | 50,885 | 57,506 |
Total Loans Receivable | 53,676 | 60,422 |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,072 | 1,958 |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | 60 to 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 221 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 719 | 737 |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 2,985 | 4,460 |
Total Loans Receivable | 2,985 | 4,460 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 679 | 721 |
Current | 11,755 | 13,156 |
Total Loans Receivable | 12,434 | 13,877 |
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 | 569 | 309 |
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 | 132 | |
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 | 110 | 280 |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 10 | |
Current | 186 | 225 |
Total Loans Receivable | 196 | 225 |
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 | |
Acquired Loans With Deteriorated Credit [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 2,183 | 2,196 |
Total Loans Receivable | 2,183 | 2,196 |
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 1,435 | 1,443 |
Total Loans Receivable | 1,435 | 1,443 |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 748 | 753 |
Total Loans Receivable | $ 748 | $ 753 |
Loans Receivable and Allowanc36
Loans Receivable and Allowance for Loan Losses (Loan Portfolio By Pass Rating) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $ 1,548,296 | $ 1,504,374 | $ 1,450,053 |
Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,503,888 | 1,456,143 | |
Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 15,051 | 18,907 | |
Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 29,131 | 29,004 | |
Loss [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 226 | 320 | |
Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 209,763 | 199,834 | 198,275 |
Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,153,590 | 1,117,981 | 1,060,509 |
Construction Loans In Process[Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 72,899 | 70,867 | 65,666 |
Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 64,489 | 67,904 | 74,545 |
Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 46,770 | 46,294 | 49,194 |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 785 | 1,494 | 1,864 |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,422,541 | 1,366,884 | 1,287,216 |
Originated Loans [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,389,264 | 1,331,585 | |
Originated Loans [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 12,819 | 15,751 | |
Originated Loans [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 20,239 | 19,247 | |
Originated Loans [Member] | Loss [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 219 | 301 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 154,047 | 142,081 | 131,988 |
Originated Loans [Member] | Residential One-to-Four Family [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 144,060 | 131,807 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 6,353 | 6,393 | |
Originated Loans [Member] | Residential One-to-Four Family [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 3,634 | 3,881 | |
Originated Loans [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,099,166 | 1,056,806 | 987,568 |
Originated Loans [Member] | Commercial And Multi-family [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,083,439 | 1,039,519 | |
Originated Loans [Member] | Commercial And Multi-family [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 3,401 | 6,263 | |
Originated Loans [Member] | Commercial And Multi-family [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 12,184 | 10,811 | |
Originated Loans [Member] | Commercial And Multi-family [Member] | Loss [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 142 | 213 | |
Originated Loans [Member] | Construction Loans In Process[Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 72,899 | 70,867 | 65,666 |
Originated Loans [Member] | Construction Loans In Process[Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 72,425 | 70,391 | |
Originated Loans [Member] | Construction Loans In Process[Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 474 | 476 | |
Originated Loans [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 61,504 | 63,444 | 69,370 |
Originated Loans [Member] | Commercial Business [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 55,650 | 57,567 | |
Originated Loans [Member] | Commercial Business [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,756 | 1,789 | |
Originated Loans [Member] | Commercial Business [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 4,021 | 4,000 | |
Originated Loans [Member] | Commercial Business [Member] | Loss [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 77 | 88 | |
Originated Loans [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 34,336 | 32,417 | 30,967 |
Originated Loans [Member] | Home Equity [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 33,113 | 31,052 | |
Originated Loans [Member] | Home Equity [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 823 | 816 | |
Originated Loans [Member] | Home Equity [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 400 | 549 | |
Originated Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 589 | 1,269 | 1,657 |
Originated Loans [Member] | Consumer [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 577 | 1,249 | |
Originated Loans [Member] | Consumer [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 12 | 14 | |
Originated Loans [Member] | Consumer [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 6 | ||
Acquired Loans Recorded At Fair Value [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 123,572 | 135,294 | 160,365 |
Acquired Loans Recorded At Fair Value [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 114,249 | 124,181 | |
Acquired Loans Recorded At Fair Value [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,441 | 2,361 | |
Acquired Loans Recorded At Fair Value [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 7,875 | 8,733 | |
Acquired Loans Recorded At Fair Value [Member] | Loss [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 7 | 19 | |
Acquired Loans Recorded At Fair Value [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 54,281 | 56,310 | 64,821 |
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 | 49,483 | 51,628 | |
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 | 621 | 626 | |
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 | 4,177 | 4,056 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 53,676 | 60,422 | 72,172 |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 49,579 | 55,216 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 682 | 1,311 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial And Multi-family [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 3,415 | 3,895 | |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 2,985 | 4,460 | 5,012 |
Acquired Loans Recorded At Fair Value [Member] | Commercial Business [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 2,985 | 4,460 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 12,434 | 13,877 | 18,153 |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 12,006 | 12,652 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 138 | 424 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 283 | 782 | |
Acquired Loans Recorded At Fair Value [Member] | Home Equity [Member] | Loss [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 7 | 19 | |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 196 | 225 | 207 |
Acquired Loans Recorded At Fair Value [Member] | Consumer [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 196 | 225 | |
Acquired Loans With Deteriorated Credit [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 2,183 | 2,196 | 2,472 |
Acquired Loans With Deteriorated Credit [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 375 | 377 | |
Acquired Loans With Deteriorated Credit [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 791 | 795 | |
Acquired Loans With Deteriorated Credit [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,017 | 1,024 | |
Acquired Loans With Deteriorated Credit [Member] | Residential One-to-Four Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,435 | 1,443 | 1,466 |
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 | 147 | |
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 | 271 | 272 | |
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 | 1,017 | 1,024 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 748 | 753 | 769 |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | Pass [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 228 | 230 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial And Multi-family [Member] | Special Mention [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $ 520 | $ 523 | |
Acquired Loans With Deteriorated Credit [Member] | Commercial Business [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 163 | ||
Acquired Loans With Deteriorated Credit [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $ 74 |
Loans Receivable and Allowanc37
Loans Receivable and Allowance for Loan Losses (Inclusions in the Consolidated Statements of Financial Condition) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans Receivable and Allowance for Loan Losses [Abstract] | ||
Unpaid principle balance | $ 128,233 | $ 140,049 |
Recorded investment | $ 125,755 | $ 137,045 |
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 | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Loans Receivable and Allowance for Loan Losses [Abstract] | ||
Accretable discount, Beginning Balance | $ 39,119 | $ 53,612 |
Accretable discount, Accretion | (954) | (3,928) |
Accretable discount, Net Reclassification from Non-Accretable Yield | 80 | 195 |
Accretable discount, Ending Balance | 38,245 | 49,879 |
Non-accretable yield, beginning balance | 2,558 | 3,041 |
Non-accretable yield, Net Reclassification to Accretable Difference | (80) | (195) |
Non-accretable yield, ending balance | $ 2,478 | $ 2,846 |
Fair Values of Financial Inst39
Fair Values of Financial Instruments (Narrative) (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Transfers between fair value hierarchy | $ 0 | $ 0 | |
Impaired loans | 15,250,000 | $ 14,050,000 | |
Valuation allowance | 3,547,000 | 3,530,000 | |
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired loans | 15,250,000 | 14,050,000 | |
Valuation allowance | $ 3,550,000 | $ 3,530,000 |
Fair Values of Financial Inst40
Fair Values of Financial Instruments (Fair Value Measurements, Recurring) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 106,183 | $ 94,765 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [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 | 106,183 | 94,765 |
Significant Unobservable Inputs (Level 3) [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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired Loans | $ 11,703 | $ 10,519 |
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 | ||
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 | ||
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired Loans | 11,703 | 10,519 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 2,585 | 3,525 |
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 | ||
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 | ||
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 | $ 2,585 | $ 3,525 |
Fair Values of Financial Inst42
Fair Values of Financial Instruments (Quantitative Information about Level 3 Fair Value Measurements) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | ||
Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired Loans | $ 11,703 | $ 10,519 | |
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired Loans | 11,703 | 10,519 | |
Other Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other real estate owned | 2,585 | 3,525 | |
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 | 2,585 | 3,525 | |
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 | $ 11,703 | $ 10,519 | |
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 | $ 2,585 | $ 3,525 | |
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 | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 106,183 | $ 94,765 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 114,422 | 65,038 |
Interest-earning time deposits | 980 | 980 |
Securities available for sale | 106,183 | 94,765 |
Loans held for sale | 770 | 4,153 |
Loans receivable, net | 1,528,756 | 1,485,159 |
FHLB of New York stock, at cost | 8,991 | 9,306 |
Accrued interest receivable | 5,714 | 5,573 |
Deposits | 1,513,844 | 1,392,205 |
Borrowings | 155,000 | 175,000 |
Subordinated debentures | 4,124 | 4,124 |
Accrued interest payable | 785 | 825 |
Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 114,422 | 65,038 |
Interest-earning time deposits | 980 | 980 |
Securities available for sale | 106,183 | 94,765 |
Loans held for sale | 775 | 4,273 |
Loans receivable, net | 1,540,057 | 1,515,088 |
FHLB of New York stock, at cost | 8,991 | 9,306 |
Accrued interest receivable | 5,714 | 5,573 |
Deposits | 1,517,384 | 1,384,578 |
Borrowings | 155,050 | 176,109 |
Subordinated debentures | 4,125 | 4,150 |
Accrued interest payable | 785 | 825 |
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 | 114,422 | 65,038 |
Interest-earning time deposits | 980 | 980 |
Securities available for sale | ||
Deposits | 903,659 | 834,665 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 106,183 | 94,765 |
Loans held for sale | 775 | 4,273 |
FHLB of New York stock, at cost | 8,991 | 9,306 |
Accrued interest receivable | 5,714 | 5,573 |
Deposits | 613,725 | 549,913 |
Borrowings | 155,050 | 176,109 |
Subordinated debentures | 4,125 | 4,150 |
Accrued interest payable | 785 | 825 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | ||
Loans receivable, net | $ 1,540,057 | $ 1,515,088 |