Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 31, 2018 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | TRUSTCO BANK CORP N Y | |
Entity Central Index Key | 357,301 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Common Stock, Shares Outstanding | 96,658,592 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2018 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest and dividend income: | ||||
Interest and fees on loans | $ 40,073 | $ 37,513 | $ 117,120 | $ 110,219 |
Interest and dividends on securities available for sale: | ||||
U. S. government sponsored enterprises | 787 | 465 | 2,324 | 1,667 |
State and political subdivisions | 7 | 6 | 20 | 29 |
Mortgage-backed securities and collateralized mortgage obligations-residential | 1,601 | 1,815 | 5,039 | 5,717 |
Corporate bonds | 202 | 153 | 485 | 458 |
Small Business Administration-guaranteed participation securities | 325 | 380 | 1,010 | 1,189 |
Mortgage-backed securities and collateralized mortgage obligations-commercial | 0 | 22 | 37 | 66 |
Other securities | 4 | 4 | 13 | 12 |
Total interest and dividends on securities available for sale | 2,926 | 2,845 | 8,928 | 9,138 |
Interest on held to maturity securities: | ||||
Mortgage-backed securities and collateralized mortgage obligations-residential | 232 | 276 | 736 | 888 |
Corporate bonds | 0 | 102 | 0 | 410 |
Total interest on held to maturity securities | 232 | 378 | 736 | 1,298 |
Federal Reserve Bank and Federal Home Loan Bank stock | 82 | 125 | 357 | 393 |
Interest on federal funds sold and other short-term investments | 2,425 | 1,927 | 6,909 | 4,900 |
Total interest income | 45,738 | 42,788 | 134,050 | 125,948 |
Interest on deposits: | ||||
Interest-bearing checking | 113 | 113 | 331 | 371 |
Savings | 417 | 435 | 1,256 | 1,300 |
Money market deposit accounts | 544 | 469 | 1,435 | 1,403 |
Time deposits | 3,864 | 2,247 | 10,163 | 6,711 |
Interest on short-term borrowings | 277 | 345 | 918 | 1,043 |
Total interest expense | 5,215 | 3,609 | 14,103 | 10,828 |
Net interest income | 40,523 | 39,179 | 119,947 | 115,120 |
Provision for loan losses | 300 | 550 | 900 | 1,700 |
Net interest income after provision for loan losses | 40,223 | 38,629 | 119,047 | 113,420 |
Noninterest income: | ||||
Trustco financial services income | 1,516 | 1,844 | 4,927 | 5,127 |
Fees for services to customers | 2,693 | 2,767 | 8,015 | 8,201 |
Other | 246 | 243 | 687 | 757 |
Total noninterest income | 4,455 | 4,854 | 13,629 | 14,085 |
Noninterest expenses: | ||||
Salaries and employee benefits | 10,761 | 10,360 | 31,924 | 30,129 |
Net occupancy expense | 3,997 | 4,027 | 12,413 | 12,403 |
Equipment expense | 1,783 | 1,669 | 5,327 | 4,653 |
Professional services | 1,578 | 1,679 | 4,822 | 5,570 |
Outsourced services | 1,875 | 1,650 | 5,625 | 4,650 |
Advertising expense | 844 | 699 | 2,144 | 2,019 |
FDIC and other insurance | 682 | 1,018 | 2,219 | 3,077 |
Other real estate expense (income), net | 528 | 275 | 1,194 | 770 |
Other | 2,496 | 2,149 | 7,126 | 7,187 |
Total noninterest expenses | 24,544 | 23,526 | 72,794 | 70,458 |
Income before taxes | 20,134 | 19,957 | 59,882 | 57,047 |
Income taxes | 4,935 | 7,361 | 14,470 | 21,264 |
Net income | $ 15,199 | $ 12,596 | $ 45,412 | $ 35,783 |
Net income per share: | ||||
Basic (in dollars per share) | $ 0.157 | $ 0.131 | $ 0.471 | $ 0.373 |
Diluted (in dollars per share) | $ 0.157 | $ 0.131 | $ 0.470 | $ 0.372 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Consolidated Statements of Comprehensive Income (Unaudited) [Abstract] | ||||
Net income | $ 15,199 | $ 12,596 | $ 45,412 | $ 35,783 |
Net unrealized holding (loss) gain on securities available for sale | (4,079) | 938 | (12,908) | 5,460 |
Tax effect | 1,069 | (376) | 3,352 | (2,185) |
Net unrealized (loss) gain on securities available for sale, net of tax | (3,010) | 562 | (9,556) | 3,275 |
Amortization of net actuarial gain | (189) | (72) | (367) | (208) |
Amortization of prior service cost | (73) | 23 | (28) | 68 |
Tax effect | 68 | 20 | 103 | 56 |
Amortization of net actuarial gain and prior service cost on pension and postretirement plans, net of tax | (194) | (29) | (292) | (84) |
Other comprehensive (loss) income, net of tax | (3,204) | 533 | (9,848) | 3,191 |
Comprehensive income | $ 11,995 | $ 13,129 | $ 35,564 | $ 38,974 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS: | ||
Cash and due from banks | $ 42,195 | $ 44,125 |
Federal funds sold and other short term investments | 423,254 | 568,615 |
Total cash and cash equivalents | 465,449 | 612,740 |
Securities available for sale | 507,882 | 571,965 |
Held to maturity securities (fair value 2018 $23,849; 2017 $28,701) | 23,462 | 27,551 |
Federal Reserve Bank and Federal Home Loan Bank stock | 8,953 | 8,779 |
Loans, net of deferred net costs | 3,825,916 | 3,636,407 |
Less: Allowance for loan losses | 44,736 | 44,170 |
Net loans | 3,781,180 | 3,592,237 |
Bank premises and equipment, net | 35,214 | 35,157 |
Other assets | 63,211 | 59,579 |
Total assets | 4,885,351 | 4,908,008 |
Deposits: | ||
Demand | 403,047 | 398,399 |
Interest-bearing checking | 918,486 | 891,052 |
Savings accounts | 1,221,127 | 1,260,447 |
Money market deposit accounts | 501,270 | 556,462 |
Time deposits | 1,155,994 | 1,066,966 |
Total deposits | 4,199,924 | 4,173,326 |
Short-term borrowings | 176,377 | 242,991 |
Accrued expenses and other liabilities | 31,932 | 33,383 |
Total liabilities | 4,408,233 | 4,449,700 |
SHAREHOLDERS' EQUITY: | ||
Capital stock: $1 par value; 150,000,000 shares authorized, 100,175,032 and 99,998,482 shares issued at September 30, 2018 and December 31, 2017, respectively | 100,175 | 99,998 |
Surplus | 176,764 | 175,651 |
Undivided profits | 246,965 | 219,436 |
Accumulated other comprehensive loss, net of tax | (13,000) | (1,806) |
Treasury stock at cost: 3,589,102 and 3,709,171 shares at September 30, 2018 and December 31, 2017, respectively | (33,786) | (34,971) |
Total shareholders' equity | 477,118 | 458,308 |
Total liabilities and shareholders' equity | $ 4,885,351 | $ 4,908,008 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS: | ||
Held to maturity securities, fair value | $ 23,849 | $ 28,701 |
SHAREHOLDERS' EQUITY: | ||
Capital stock, par value (in dollars per share) | $ 1 | $ 1 |
Capital stock, shares authorized (in shares) | 150,000,000 | 150,000,000 |
Capital stock, shares issued (in shares) | 100,175,032 | 99,998,482 |
Treasury stock, at cost (in shares) | 3,589,102 | 3,709,171 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Capital Stock [Member] | Surplus [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive (Loss) Income [Member] | Treasury Stock [Member] | Total |
Balance at Dec. 31, 2016 | $ 99,214 | $ 171,425 | $ 201,517 | $ (6,251) | $ (33,219) | $ 432,686 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 0 | 0 | 35,783 | 0 | 0 | 35,783 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | 3,191 | 0 | 3,191 |
Cash dividend declared | 0 | 0 | (18,899) | 0 | 0 | (18,899) |
Stock options exercised | 348 | 1,510 | 0 | 0 | 0 | 1,858 |
Purchase of treasury stock | 0 | 0 | 0 | 0 | (1,683) | (1,683) |
Sale of treasury stock | 0 | (337) | 0 | 0 | 2,215 | 1,878 |
Stock based compensation expense | 0 | 114 | 0 | 0 | 0 | 114 |
Balance at Sep. 30, 2017 | 99,562 | 172,712 | 218,401 | (3,060) | (32,687) | 454,928 |
Balance at Jun. 30, 2017 | (3,593) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 12,596 | |||||
Other comprehensive income (loss), net of tax | 533 | |||||
Balance at Sep. 30, 2017 | 99,562 | 172,712 | 218,401 | (3,060) | (32,687) | 454,928 |
Balance at Dec. 31, 2017 | 99,998 | 175,651 | 219,436 | (1,806) | (34,971) | 458,308 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 0 | 0 | 45,412 | 0 | 0 | 45,412 |
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect | 0 | 0 | 1,346 | (1,346) | 0 | 0 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | (9,848) | 0 | (9,848) |
Cash dividend declared | 0 | 0 | (19,229) | 0 | 0 | (19,229) |
Stock options exercised | 177 | 1,082 | 0 | 0 | 0 | 1,259 |
Purchase of treasury stock | 0 | 0 | 0 | 0 | (718) | (718) |
Sale of treasury stock | 0 | (121) | 0 | 0 | 1,903 | 1,782 |
Stock based compensation expense | 0 | 152 | 0 | 0 | 0 | 152 |
Balance at Sep. 30, 2018 | 100,175 | 176,764 | 246,965 | (13,000) | (33,786) | 477,118 |
Balance at Jun. 30, 2018 | (9,796) | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 15,199 | |||||
Other comprehensive income (loss), net of tax | (3,204) | |||||
Balance at Sep. 30, 2018 | $ 100,175 | $ 176,764 | $ 246,965 | $ (13,000) | $ (33,786) | $ 477,118 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) [Abstract] | ||
Cash dividend declared (in dollars per share) | $ 0.1994 | $ 0.1969 |
Stock options exercised (in shares) | 176,550 | 347,500 |
Purchase of treasury stock (in shares) | 81,940 | 251,646 |
Sale of treasury stock (in shares) | 202,009 | 231,571 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net income | $ 45,412 | $ 35,783 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 2,671 | 2,857 |
Net gain on sale of other real estate owned | (249) | (897) |
Writedown of other real estate owned | 674 | 823 |
Provision for loan losses | 900 | 1,700 |
Deferred tax expense | 671 | 1,122 |
Net amortization of securities | 2,459 | 2,244 |
Stock based compensation expense | 152 | 114 |
Net gain on sale of bank premises and equipment | (1) | 43 |
Net gain on sales and calls of securities | 0 | 0 |
Decrease in taxes receivable | 721 | 2,748 |
(Decrease) increase in interest receivable | (111) | 257 |
Increase (decrease) in interest payable | 241 | (56) |
Increase in other assets | (2,760) | (2,214) |
(Decrease) increase in accrued expenses and other liabilities | (1,947) | 2,957 |
Total adjustments | 3,421 | 11,698 |
Net cash provided by operating activities | 48,833 | 47,481 |
Cash flows from investing activities: | ||
Proceeds from sales and calls of securities available for sale | 64,925 | 109,123 |
Proceeds from calls and maturities of held to maturity securities | 4,089 | 16,222 |
Purchases of securities available for sale | (61,207) | (65,977) |
Proceeds from maturities of securities available for sale | 45,000 | 0 |
Purchases of held to maturity securities | 0 | 0 |
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock | (174) | (144) |
Proceeds from redemption of Federal Reserve Bank and Federal Home Loan Bank stock | 0 | 944 |
Net increase in loans | (192,222) | (152,334) |
Net proceeds from sale of building | 0 | 0 |
Proceeds from dispositions of other real estate owned | 2,894 | 4,593 |
Proceeds from dispositions of bank premises and equipment | 1 | 0 |
Purchases of bank premises and equipment | (2,727) | (2,462) |
Net cash used in investing activities | (139,421) | (90,035) |
Cash flows from financing activities: | ||
Net increase (decrease) in deposits | 26,598 | (30,801) |
Net (decrease) increase in short-term borrowings | (66,614) | 7,102 |
Proceeds from exercise of stock options | 1,259 | 1,858 |
Stock based award tax withholding payments | (37) | 0 |
Proceeds from sale of treasury stock | 1,782 | 1,878 |
Purchases of treasury stock | (718) | (1,683) |
Dividends paid | (18,973) | (18,877) |
Net cash provided by financing activities | (56,703) | (40,523) |
Net decrease in cash and cash equivalents | (147,291) | (83,077) |
Cash and cash equivalents at beginning of period | 612,740 | 707,274 |
Cash and cash equivalents at end of period | 465,449 | 624,197 |
Cash paid during the year for: | ||
Interest paid | 13,863 | 10,884 |
Income taxes paid | 13,778 | 18,508 |
Other non cash items: | ||
Transfer of loans to other real estate owned | 2,379 | 3,130 |
Increase in dividends payable | 256 | 22 |
Change in unrealized gain on securities available for sale-gross of deferred taxes | (12,908) | 5,460 |
Change in deferred tax effect on unrealized gain (loss) on securities available for sale | 3,352 | (2,185) |
Amortization of net actuarial gain and prior service cost on pension and postretirement plans | (395) | (140) |
Change in deferred tax effect of amortization of net actuarial (gain) loss and prior service cost on pension and postretirement plans | $ 103 | $ 56 |
Financial Statement Presentatio
Financial Statement Presentation | 9 Months Ended |
Sep. 30, 2018 | |
Financial Statement Presentation [Abstract] | |
Financial Statement Presentation | (1) Finan The unaudited Consolidated Interim Financial Statements of TrustCo Bank Corp NY (the “Company” or “TrustCo”) include the accounts of the subsidiaries after elimination of all significant intercompany accounts and transactions. Prior period amounts are reclassified when necessary to conform to the current period presentation. The net income reported for the three and nine months ended September 30, 2018 is not necessarily indicative of the results that may be expected for the year ending December 31, 2018 , In the opinion of the management of the Company, the accompanying unaudited Consolidated Interim Financial Statements contain all recurring adjustments necessary to present fairly the financial position as of September 30, 2018, the results of operations and cash flows for the three and nine months ended September 30, 2018 and 2017. The accompanying Consolidated Interim Financial Statements should be read in conjunction with the Company’s year ‑ ‑ ‑ |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | (2) Earnings Per Share The Company computes earnings per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share A reconciliation of the component parts of earnings per share for the three and nine months ended September 30, 2018 and 2017 is as follows: Three months ended Nine months ended (in thousands, except per share data) September 30, September 30, 2018 2017 2018 2017 Net income $ 15,199 12,596 $ 45,412 35,783 Weighted average common shares 96,555 96,102 96,453 95,997 Effect of dilutive common stock options 134 103 134 94 Weighted average common shares including potential dilutive shares 96,689 96,205 96,587 96,091 Basic EPS $ 0.157 0.131 $ 0.471 0.373 Diluted EPS $ 0.157 0.131 $ 0.470 0.372 For the three and nine months ended September 30, 2018, there were no weighted average number of antidilutive stock options excluded from diluted earnings per share. For the three and nine months ended September 30, 2017 the weighted average number of antidilutive stock options excluded from diluted earnings per share was approximately 995 thousand and 1.4 million. The stock options are antidilutive because the strike price is greater than the average fair value of the Company’s common stock for the periods presented. |
Benefit Plans
Benefit Plans | 9 Months Ended |
Sep. 30, 2018 | |
Benefit Plans [Abstract] | |
Benefit Plans | (3) Benefit Plans The table below outlines the components of the Company’s net periodic benefit recognized during the three and nine months ended September 30, 2018 and 2017 for its pension and other postretirement benefit plans: Three months ended September 30, Pension Benefits Other Postretirement Benefits (dollars in thousands) 2018 2017 2018 2017 Service cost $ 8 11 - 26 Interest cost 299 326 47 54 Expected return on plan assets (753 ) (686 ) (323 ) (190 ) Amortization of net (gain) loss - 17 (189 ) (89 ) Amortization of prior service cost - - (73 ) 23 Net periodic benefit $ (446 ) (332 ) (538 ) (176 ) Nine months ended September 30, Pension Benefits Other Postretirement Benefits (dollars in thousands) 2018 2017 2018 2017 Service cost $ 25 33 52 77 Interest cost 898 977 156 164 Expected return on plan assets (2,259 ) (2,058 ) (704 ) (571 ) Amortization of net loss (gain) - 50 (367 ) (258 ) Amortization of prior service cost - - (28 ) 68 Net periodic benefit $ (1,336 ) (998 ) (891 ) (520 ) The Company does not expect to make contributions to its pension and postretirement benefit plans in 2018. As of September 30, 2018, no contributions have been made, however, this decision is reviewed each quarter and is subject to change based upon market conditions. Since 2003, the Company has not subsidized retiree medical insurance premiums. However, it continues to provide postretirement medical benefits to a limited number of current and retired executives in accordance with the terms of their employment contracts. |
Investment Securities
Investment Securities | 9 Months Ended |
Sep. 30, 2018 | |
Investment Securities [Abstract] | |
Investment Securities | (4) Investment Securities (a) Securities available for sale The amortized cost and fair value of the securities available for sale are as follows: September 30, 2018 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government sponsored enterprises $ 154,866 - 4,813 150,053 State and political subdivisions 174 6 - 180 Mortgage backed securities and collateralized mortgage obligations 282,286 47 13,240 269,093 Corporate bonds 30,090 - 113 29,977 Small Business Administration - guaranteed participation securities 61,431 - 3,537 57,894 Other 685 - - 685 Total securities available for sale $ 529,532 53 21,703 507,882 December 31, 2017 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government sponsored enterprises $ 139,890 27 2,066 137,851 State and political subdivisions 515 10 - 525 Mortgage backed securities and collateralized mortgage obligations 330,424 84 4,825 325,683 Corporate bonds 40,270 - 108 40,162 Small Business Administration - guaranteed participation securities 68,921 - 1,862 67,059 Other 685 - - 685 Total securities available for sale $ 580,705 121 8,861 571,965 The following table distributes the debt securities included in the available for sale portfolio as of September 30, 2018, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Securities not due at a single maturity date are presented separately: Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ 10,687 10,649 Due in one year through five years 170,059 165,213 Due after five years through ten years 5,069 5,033 Mortgage backed securities and collateralized mortgage obligations 282,286 269,093 Small Business Administration - guaranteed participation securities 61,431 57,894 $ 529,532 507,882 Gross unrealized losses on securities available for sale and the related fair values aggregated by the length of time that individual securities have been in an unrealized loss position, were as follows: September 30, 2018 Less than 12 months 12 months or more Total Gross Gross Gross Fair Unreal. Fair Unreal. Fair Unreal. (dollars in thousands) Value Loss Value Loss Value Loss U.S. government sponsored enterprises $ 58,593 1,381 91,460 3,432 150,053 4,813 Mortgage backed securities and collateralized mortgage obligations - residental 8,061 266 259,715 12,974 267,776 13,240 Corporate bonds 14,986 75 9,992 38 24,978 113 Small Business Administration - guaranteed participation securities - - 57,894 3,537 57,894 3,537 Total $ 81,640 1,722 419,061 19,981 500,701 21,703 December 31, 2017 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Gross Unreal. Loss Fair Value Gross Unreal. Loss Fair Value Gross Unreal. Loss U.S. government sponsored enterprises $ 29,734 266 98,090 1,800 127,824 2,066 Mortgage backed securities and collateralized mortgage obligations - residental 48,080 371 266,394 4,344 314,474 4,715 Corporate bonds - - 40,162 108 40,162 108 Small Business Administration - guaranteed participation securities - - 67,059 1,862 67,059 1,862 Mortgage backed securities and collateralized mortgage obligations - commercial - - 9,700 110 9,700 110 Total $ 77,814 637 481,405 8,224 559,219 8,861 The proceeds from sales and calls of securities available for sale, gross realized gains and gross realized losses from sales and calls during the three and nine months ended September 30, 2018 and 2017 are as follows: Three months ended September 30, (dollars in thousands) 2018 2017 Proceeds from sales - - Proceeds from calls 15,444 35,554 Gross realized gains - - Gross realized losses - - Nine months ended September 30, (dollars in thousands) 2018 2017 Proceeds from sales $ - - Proceeds from calls 64,925 109,123 Gross realized gains - - Gross realized losses - - There were no sales of securities available for sale during the three and nine months ended September 30, 2018 and 2017. (b) Held to maturity securities The amortized cost and fair value of the held to maturity securities are as follows: September 30, 2018 (dollars in thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Mortgage backed securities and collateralized mortgage obligations $ 23,462 601 214 23,849 Total held to maturity $ 23,462 601 214 23,849 December 31, 2017 (dollars in thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Mortgage backed securities and collateralized mortgage obligations $ 27,551 1,150 - 28,701 Total held to maturity $ 27,551 1,150 - 28,701 The following table distributes the debt securities included in the held to maturity portfolio as of September 30, 2018, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Securities not due at a single maturity date are presented separately: (dollars in thousands) Amortized Fair Cost Value Mortgage backed securities and collateralized mortgage obligations $ 23,462 23,849 Total held to maturity $ 23,462 23,849 Gross unrecognized losses on securities held to maturity and the related fair values aggregated by the length of time that individual securities have been in an unrecognized loss position, were as follows: September 30, 2018 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Gross Unrec. Loss Fair Value Gross Unrec. Loss Fair Value Gross Unrec. Loss Mortgage backed securities and collateralized $ 12,599 214 - - 12,599 214 Total $ 12,599 214 - - 12,599 214 There were no sales or transfers of held to maturity securities during the three and nine months ended September 30, 2018 and 2017 . There were no held to maturity securities in an unrecognized loss position as of December 31, 2017. (c) Other ‑ ‑ Management evaluates securities for other ‑ ‑ , Investments – Debt and Equity Securities . In determining OTTI under the ASC 320 model, management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near ‑ ‑ ‑ When OTTI occurs, the amount of the OTTI recognized in earnings depends on whether management intends to sell the security or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis. If management intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If management does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis, the OTTI on debt securities shall be separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected and is recognized in earnings. The amount of the total OTTI related to other factors is recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. As of September 30, 2018, the Company’s security portfolio included certain debt securities which were in a loss position. Almost all of the securities in a loss position are issuances from U.S. government sponsored entities. Corporate bonds held by the Company are investment grade quality, and management has reviewed the financial condition of the issuer. The declines in fair value are attributable to changes in interest rates, and not credit quality, and because the Company does not have the intent to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Company does not consider these securities to be other ‑ . |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Allowance for Loan Losses [Abstract] | |
Loans and Allowance for Loan Losses | (5) Loans and Allowance for Loan Losses The following table presents the recorded investment in loans by loan class: September 30, 2018 (dollars in thousands) New York and other states* Florida Total Commercial: Commercial real estate $ 154,206 12,281 166,487 Other 24,246 254 24,500 Real estate mortgage - 1 to 4 family: First mortgages 2,408,946 835,265 3,244,211 Home equity loans 70,914 16,087 87,001 Home equity lines of credit 248,274 45,476 293,750 Installment 7,810 2,157 9,967 Total loans, net $ 2,914,396 911,520 3,825,916 Less: Allowance for loan losses 44,736 Net loans $ 3,781,180 December 31, 2017 (dollars in thousands) New York and other states* Florida Total Commercial: Commercial real estate $ 149,368 12,524 161,892 Other 23,606 709 24,315 Real estate mortgage - 1 to 4 family: First mortgages 2,286,148 765,929 3,052,077 Home equity loans 66,455 13,989 80,444 Home equity lines of credit 263,275 45,641 308,916 Installment 7,141 1,622 8,763 Total loans, net $ 2,795,993 840,414 3,636,407 Less: Allowance for loan losses 44,170 Net loans $ 3,592,237 * Includes New York, New Jersey, Vermont and Massachusetts. At September 30, 2018 and December 31, 2017, the Company had approximately $25.4 million and $30.9 million of real estate construction loans, respectively. Of the $25.4 million in real estate construction loans at September 30, 2018, approximately $14.0 million are secured by first mortgages to residential borrowers while approximately $11.4 million were to commercial borrowers for residential construction projects. Of the $30.9 million in real estate construction loans at December 31, 2017, approximately $21.1 million are secured by first mortgages to residential borrowers while approximately $9.8 million were to commercial borrowers for residential construction projects. The vast majority of construction loans are in the Company’s New York market. TrustCo lends in the geographic territory of its branch locations in New York, Florida, Massachusetts, New Jersey and Vermont. Although the loan portfolio is diversified, a portion of its debtors’ ability to repay depends significantly on the economic conditions prevailing in the respective geographic territory. The following tables present the recorded investment in non‑accrual loans by loan class: September 30, 2018 (dollars in thousands) New York and other states* Florida Total Loans in non-accrual status: Commercial: Commercial real estate $ 647 - 647 Other 281 - 281 Real estate mortgage - 1 to 4 family: First mortgages 17,036 1,949 18,985 Home equity loans 199 - 199 Home equity lines of credit 3,515 105 3,620 Installment 13 13 26 Total non-accrual loans 21,691 2,067 23,758 Restructured real estate mortgages - 1 to 4 family 35 - 35 Total nonperforming loans $ 21,726 2,067 23,793 December 31, 2017 (dollars in thousands) New York and other states* Florida Total Loans in non-accrual status: Commercial: Commercial real estate $ 1,443 - 1,443 Other 100 - 100 Real estate mortgage - 1 to 4 family: First mortgages 16,654 2,259 18,913 Home equity loans 93 - 93 Home equity lines of credit 3,603 130 3,733 Installment 57 - 57 Total non-accrual loans 21,950 2,389 24,339 Restructured real estate mortgages - 1 to 4 family 38 - 38 Total nonperforming loans $ 21,988 2,389 24,377 * Includes New York, New Jersey, Vermont and Massachusetts. The Company transfers loans to other real estate owned, at fair value less cost to sell, in the period the Company obtains physical possession of the property (through legal title or through a deed in lieu). As of September 30, 2018 and December 31, 2017, other real estate owned included $1.7 million and $2.7 million of residential foreclosed properties, respectively. In addition, non‑accrual residential mortgage loans that are in the process of foreclosure had a recorded investment of $12.5 million and $12.6 million as of September 30, 2018 and December 31, 2017, respectively. The following tables present the aging of the recorded investment in past due loans by loan class and by region as of September 30, 2018 and December 31, 2017: September 30, 2018 New York and other states*: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - 111 435 546 153,660 154,206 Other - - 274 274 23,972 24,246 Real estate mortgage - 1 to 4 family: First mortgages 3,177 1,596 12,008 16,781 2,392,165 2,408,946 Home equity loans 17 - 163 180 70,734 70,914 Home equity lines of credit 569 141 1,904 2,614 245,660 248,274 Installment 45 26 10 81 7,729 7,810 Total $ 3,808 1,874 14,794 20,476 2,893,920 2,914,396 Florida: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - - - - 12,281 12,281 Other - - - - 254 254 Real estate mortgage - 1 to 4 family: First mortgages 532 179 1,047 1,758 833,507 835,265 Home equity loans 51 - - 51 16,036 16,087 Home equity lines of credit 29 - 50 79 45,397 45,476 Installment 2 5 13 20 2,137 2,157 Total $ 614 184 1,110 1,908 909,612 911,520 Total: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - 111 435 546 165,941 166,487 Other - - 274 274 24,226 24,500 Real estate mortgage - 1 to 4 family: First mortgages 3,709 1,775 13,055 18,539 3,225,672 3,244,211 Home equity loans 68 - 163 231 86,770 87,001 Home equity lines of credit 598 141 1,954 2,693 291,057 293,750 Installment 47 31 23 101 9,866 9,967 Total $ 4,422 2,058 15,904 22,384 3,803,532 3,825,916 * Includes New York, New Jersey, Vermont and Massachusetts. December 31, 2017 New York and other states*: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ 183 174 1,332 1,689 147,679 149,368 Other - - 100 100 23,506 23,606 Real estate mortgage - 1 to 4 family: First mortgages 5,669 1,300 9,014 15,983 2,270,165 2,286,148 Home equity loans 6 - 45 51 66,404 66,455 Home equity lines of credit 489 18 2,139 2,646 260,629 263,275 Installment 46 17 25 88 7,053 7,141 Total $ 6,393 1,509 12,655 20,557 2,775,436 2,795,993 Florida: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - - - - 12,524 12,524 Other - - - - 709 709 Real estate mortgage - 1 to 4 family: First mortgages 277 - 1,404 1,681 764,248 765,929 Home equity loans - - - - 13,989 13,989 Home equity lines of credit - - - - 45,641 45,641 Installment 3 5 26 34 1,588 1,622 Total $ 280 5 1,430 1,715 838,699 840,414 Total: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ 183 174 1,332 1,689 160,203 161,892 Other - - 100 100 24,215 24,315 Real estate mortgage - 1 to 4 family: First mortgages 5,946 1,300 10,418 17,664 3,034,413 3,052,077 Home equity loans 6 - 45 51 80,393 80,444 Home equity lines of credit 489 18 2,139 2,646 306,270 308,916 Installment 49 22 51 122 8,641 8,763 Total $ 6,673 1,514 14,085 22,272 3,614,135 3,636,407 * Includes New York, New Jersey, Vermont and Massachusetts. At September 30, 2018 and December 31, 2017, there were no loans that were 90 days past due and still accruing interest. As a result, non‑accrual loans include all loans 90 days or more past due as well as certain loans less than 90 days past due that were placed on non‑accrual status for reasons other than delinquent status. There are no commitments to extend further credit on non‑accrual or restructured loans. Activity in the allowance for loan losses by portfolio segment is summarized as follows: Three months ended September 30, 2018 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,195 39,471 837 44,503 Loans charged off: New York and other states* - 94 69 163 Florida - - 9 9 Total loan chargeoffs - 94 78 172 Recoveries of loans previously charged off: New York and other states* 2 97 5 104 Florida - - 1 1 Total recoveries 2 97 6 105 Net loans charged off (recoveries) (2 ) (3 ) 72 67 Provision (recoveries) for loan losses (65 ) 227 138 300 Balance at end of period $ 4,132 39,701 903 44,736 Three months ended September 30, 2017 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,596 38,871 695 44,162 Loans charged off: New York and other states* - 747 65 812 Florida - 31 4 35 Total loan chargeoffs - 778 69 847 Recoveries of loans previously charged off: New York and other states* - 137 8 145 Florida - 72 - 72 Total recoveries - 209 8 217 Net loans charged off (recoveries) - 569 61 630 Provision (recoveries) for loan losses 24 434 92 550 Balance at end of period $ 4,620 38,736 726 44,082 * Includes New York, New Jersey, Vermont and Massachusetts. Nine months ended September 30, 2018 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,324 39,077 769 44,170 Loans charged off: New York and other states* - 464 181 645 Florida - - 15 15 Total loan chargeoffs - 464 196 660 Recoveries of loans previously charged off: New York and other states* 9 289 24 322 Florida - - 4 4 Total recoveries 9 289 28 326 Net loans charged off (recoveries) (9 ) 175 168 334 Provision (recoveries) for loan losses (201 ) 799 302 900 Balance at end of period $ 4,132 39,701 903 44,736 Nine months ended September 30, 2017 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,929 38,231 730 43,890 Loans charged off: New York and other states* 72 1,699 146 1,917 Florida - 167 19 186 Total loan chargeoffs 72 1,866 165 2,103 Recoveries of loans previously charged off: New York and other states* 8 494 21 523 Florida - 72 - 72 Total recoveries 8 566 21 595 Net loans charged off 64 1,300 144 1,508 Provision (recoveries) for loan losses (245 ) 1,805 140 1,700 Balance at end of period $ 4,620 38,736 726 44,082 * Includes New York, New Jersey, Vermont and Massachusetts. The Company has identified non‑accrual commercial and commercial real estate loans, as well as all loans restructured under a troubled debt restructuring (“TDR”), as impaired loans. A loan is considered impaired when it is probable that the borrower will be unable to repay the loan according to the original contractual terms of the loan agreement or the loan is restructured as a TDR. The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2018 and December 31, 2017: September 30, 2018 (dollars in thousands) Commercial Loans 1-to-4 Family Residential Real Estate Installment Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ - - - - Collectively evaluated for impairment 4,132 39,701 903 44,736 Total ending allowance balance $ 4,132 39,701 903 44,736 Loans: Individually evaluated for impairment $ 1,961 20,576 - 22,537 Collectively evaluated for impairment 189,026 3,604,386 9,967 3,803,379 Total ending loans balance $ 190,987 3,624,962 9,967 3,825,916 December 31, 2017 (dollars in thousands) Commercial Loans 1-to-4 Family Residential Real Estate Installment Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ - - - - Collectively evaluated for impairment 4,324 39,077 769 44,170 Total ending allowance balance $ 4,324 39,077 769 44,170 Loans: Individually evaluated for impairment $ 2,248 22,032 - 24,280 Collectively evaluated for impairment 183,959 3,419,405 8,763 3,612,127 Total ending loans balance $ 186,207 3,441,437 8,763 3,636,407 A loan for which the terms have been modified, and for which the borrower is experiencing financial difficulties, is considered a TDR and is classified as impaired. TDR’s at September 30, 2018 and December 31, 2017 are measured at the present value of estimated future cash flows using the loan’s effective rate at inception or the fair value of the underlying collateral if the loan is considered collateral dependent. The following tables present impaired loans by loan class as of September 30, 2018 and December 31, 2017: September 30, 2018 New York and other states*: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 1,534 1,704 - 1,597 Other 313 313 - 191 Real estate mortgage - 1 to 4 family: - - - - First mortgages 14,906 20,283 - 15,418 Home equity loans 257 471 - 262 Home equity lines of credit 2,700 4,082 - 2,691 Total $ 19,710 26,853 - 20,159 Florida: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 114 114 - 29 Other - - - - Real estate mortgage - 1 to 4 family: First mortgages 2,374 2,731 - 2,559 Home equity loans 85 95 - 87 Home equity lines of credit 254 1,056 - 390 Total $ 2,827 3,996 - 3,065 Total: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 1,648 1,818 - 1,626 Other 313 313 - 191 Real estate mortgage - 1 to 4 family: First mortgages 17,280 23,014 - 17,977 Home equity loans 342 566 - 349 Home equity lines of credit 2,954 5,138 - 3,081 Total $ 22,537 30,849 - 23,224 * Includes New York, New Jersey, Vermont and Massachusetts. December 31, 2017 New York and other states*: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 2,148 3,120 - 2,711 Other 100 100 - 87 Real estate mortgage - 1 to 4 family: First mortgages 15,850 16,540 - 16,508 Home equity loans 270 291 - 263 Home equity lines of credit 2,606 2,847 - 2,193 Total $ 20,974 22,898 - 21,762 Florida: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ - - - - Other - - - - Real estate mortgage - 1 to 4 family: First mortgages 2,707 2,813 - 2,335 Home equity loans 89 89 - 92 Home equity lines of credit 510 510 - 561 Total $ 3,306 3,412 - 2,988 Total: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 2,148 3,120 - 2,711 Other 100 100 - 87 Real estate mortgage - 1 to 4 family: First mortgages 18,557 19,353 - 18,843 Home equity loans 359 380 - 355 Home equity lines of credit 3,116 3,357 - 2,754 Total $ 24,280 26,310 - 24,750 * Includes New York, New Jersey, Vermont and Massachusetts. The Company has not committed to lend additional amounts to customers with outstanding loans that are classified as impaired. Interest income recognized on impaired loans was not material during the three and nine months ended September 30, 2018 and 2017. As of September 30, 2018 and December 31, 2017 impaired loans included approximately $11.3 million and $11.8 million of loans in accruing status that were identified as TDR’s in accordance with regulatory guidance related to Chapter 7 bankruptcy loans, respectively. Management evaluates impairment on impaired loans on a quarterly basis. If, during this evaluation, impairment of the loan is identified, a chargeoff is taken at that time. As a result, as of September 30, 2018 and December 31, 2017, based upon management’s evaluation and due to the sufficiency of chargeoffs taken, none of the allowance for loan losses has been allocated to a specific impaired loan(s). The following tables presents, by class, loans that were modified as TDR’s: Three months ended 9/30/2018 Three months ended 9/30/2017 New York and other states*: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - - $ - - Real estate mortgage - 1 to 4 family: First mortgages 6 791 791 7 941 941 Home equity loans 1 6 6 - - - Home equity lines of credit 1 7 7 3 296 296 Total 8 $ 804 804 10 $ 1,237 1,237 Florida: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - - $ - - Real estate mortgage - 1 to 4 family: First mortgages - - - 2 251 251 Home equity loans - - - - - - Home equity lines of credit - - - - - - Total - $ - - 2 $ 251 251 Nine months ended 9/30/2018 Nine months ended 9/30/2017 New York and other states*: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - 3 $ 747 747 Real estate mortgage - 1 to 4 family: First mortgages 10 1,386 1,386 25 3,986 3,986 Home equity loans 1 6 6 1 13 13 Home equity lines of credit 3 216 216 8 457 457 Total 14 $ 1,608 1,608 37 $ 5,203 5,203 Florida: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - - $ - - Real estate mortgage - 1 to 4 family: First mortgages - - - 7 718 718 Home equity loans - - - - - - Home equity lines of credit - - - 1 70 70 Total - $ - - 8 $ 788 788 * Includes New York, New Jersey, Vermont and Massachusetts. The addition of these TDR’s did not have a significant impact on the allowance for loan losses. In situations where the Company considers a loan modification, management determines whether the borrower is experiencing financial difficulty by performing an evaluation of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s underwriting policy. Generally, the modification of the terms of loans was the result of the borrower filing for bankruptcy protection. Chapter 13 bankruptcies generally include the deferral of all past due amounts for a period of generally 60 months in accordance with the bankruptcy court order. In the case of Chapter 7 bankruptcies, as previously noted, even though there is no modification of terms, the borrowers’ debt to the Company was discharged and they did not reaffirm the debt. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. In situations involving a borrower filing for Chapter 13 bankruptcy protection, however, a loan is considered to be in payment default once it is 30 days contractually past due, consistent with the treatment by the bankruptcy court. The following table presents, by class, TDR’s that defaulted during the three and nine months ended September 30, 2018 and 2017 which had been modified within the last twelve months: Three months ended 9/30/2018 Three months ended 9/30/2017 New York and other states*: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages 1 101 2 236 Home equity loans - - - - Home equity lines of credit - - - - Total 1 $ 101 2 $ 236 Florida: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages - - - - Home equity loans - - - - Home equity lines of credit - - - - Total - $ - - $ - Nine months ended 9/30/2018 Nine months ended 9/30/2017 New York and other states*: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages 1 101 2 236 Home equity loans - - - - Home equity lines of credit 1 3 1 3 Total 2 $ 104 3 $ 239 Florida: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages 1 72 1 77 Home equity loans - - - - Home equity lines of credit - - 1 70 Total 1 $ 72 2 $ 147 * Includes New York, New Jersey, Vermont and Massachusetts. The TDR’s The Company categorizes non‑homogenous loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. On at least an annual basis, the Company’s loan grading process analyzes non‑homogeneous loans, such as commercial and commercial real estate loans, individually by grading the loans based on credit risk. The loan grades assigned to all loan types are tested by the Company’s internal loan review department in accordance with the Company’s internal loan review policy. The Company uses the following definitions for classified loans: Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be “pass” rated loans. As of September 30, 2018 and December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: September 30, 2018 New York and other states*: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 149,030 5,176 154,206 Other 23,061 1,185 24,246 $ 172,091 6,361 178,452 Florida: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 12,167 114 12,281 Other 254 - 254 $ 12,421 114 12,535 Total: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 161,197 5,290 166,487 Other 23,315 1,185 24,500 $ 184,512 6,475 190,987 * Includes New York, New Jersey and Massachusetts. December 31, 2017 New York and other states*: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 140,806 8,562 149,368 Other 21,936 1,670 23,606 $ 162,742 10,232 172,974 Florida: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 12,406 118 12,524 Other 709 - 709 $ 13,115 118 13,233 Total: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 153,212 8,680 161,892 Other 22,645 1,670 24,315 $ 175,857 10,350 186,207 * Includes New York, New Jersey and Massachusetts. Included in classified loans in the above tables are impaired loans of $2.0 million and $1.5 million at September 30, 2018 and December 31, 2017, respectively. For homogeneous loan pools, such as residential mortgages, home equity lines of credit, and installment loans, the Company uses payment status to identify the credit risk in these loan portfolios. Payment status is reviewed on a daily basis by the Company’s collection department and on a monthly basis with respect to determining the adequacy of the allowance for loan losses. The payment status of these homogeneous pools as of September 30, 2018 and December 31, 2017 is included in the aging of the recorded investment of the past due loans table. In addition, the total nonperforming portion of these homogeneous loan pools as of September 30, 2018 and December 31, 2017 is presented in the non‑accrual loans table. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value of Financial Instruments [Abstract] | |
Fair Value of Financial Instruments | (6) Fair Value of Financial Instruments FASB Topic 820, Fair Value Measurements Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity can access as of the measurement date. Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the value that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate the fair value of assets and liabilities: Securities Available for Sale Other Real Estate Owned Impaired Loans Indications of value for both collateral‑dependent impaired loans and other real estate owned are obtained from third party providers or the Company’s internal Appraisal Department. All indications of value are reviewed for reasonableness by a member of the Appraisal Department for the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value via comparison with independent data sources such as recent market data or industry‑wide statistics. Assets and liabilities measured at fair value under ASC 820 on a recurring basis are summarized below: Fair Value Measurements at September 30, 2018 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. government sponsored enterprises $ 150,053 $ - $ 150,053 $ - State and political subdivisions 180 - 180 - Mortgage backed securities and collateralized mortgage obligations 269,093 - 269,093 - Corporate bonds 29,977 - 29,977 - Small Business Administration - guaranteed participation securities 57,894 - 57,894 - Other securities 685 - 685 - Total securities available for sale $ 507,882 $ - $ 507,882 $ - Fair Value Measurements at December 31, 2017 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. government sponsored enterprises $ 137,851 $ - $ 137,851 $ - State and political subdivisions 525 - 525 - Mortgage backed securities and collateralized mortgage obligations 325,683 - 325,683 - Corporate bonds 40,162 - 40,162 - Small Business Administration - guaranteed participation securities 67,059 - 67,059 - Other securities 685 - 685 Total securities available for sale $ 571,965 $ - $ 571,965 $ - There were no transfers between Level 1 and Level 2 during the three and nine months ended September 30, 2018 and 2017. Assets measured at fair value on a non‑recurring basis are summarized below: Fair Value Measurements at September 30, 2018 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Valuation technique Unobservable inputs Range (Weighted Average) Other real estate owned $ 2,306 $ - $ - $ 2,306 Sales comparison approach Adjustments for differences between comparable sales 1% - 14% (7 %) Impaired loans: Real estate mortgage - 1 to 4 family 326 - - 326 Sales comparison approach Adjustments for differences between comparable sales 5% - 14% (10 %) Fair Value Measurements at December 31, 2017 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Valuation technique Unobservable inputs Range (Weighted Average) Other real estate owned $ 3,246 $ - $ - $ 3,246 Sales comparison approach Adjustments for differences between comparable sales 1% - 14% (7 %) Impaired loans: Real estate mortgage - 1 to 4 family 844 - - 844 Sales comparison approach Adjustments for differences between comparable sales 5% - 14% (10 %) Other real estate owned, that is carried at fair value less costs to sell, was approximately $2.3 million at September 30, 2018 and consisted of $560 thousand of commercial real estate and $1.7 million of residential real estate properties. Valuation charges of $60 thousand and $674 thousand are included in earnings for the three and nine months ended September 30, 2018, respectively. Of the total impaired loans of $22.5 million at September 30, 2018, $326 thousand are collateral dependent and are carried at fair value measured on a non‑recurring basis. Due to the sufficiency of chargeoffs taken on these loans and the adequacy of the underlying collateral, there were no specific valuation allowances for these loans at September 30, 2018. There were no gross chargeoffs related to commercial impaired loans for the three and nine months ended September 30, 2018. Gross chargeoffs related to residential impaired loans included in the table above were $70 thousand for the nine‑months ended September 30, 2018, there were no gross chargeoffs related to residential impaired loans for the three‑months ended September 30, 2018. Other real estate owned, that is carried at fair value less costs to sell, was approximately $3.2 million at December 31, 2017 and consisted of $541 thousand of commercial real estate and $2.7 million of residential real estate properties. A valuation charge of $1.1 million is included in earnings for the year ended December 31, 2017. Of the total impaired loans of $24.1 million at December 31, 2017, $844 thousand are collateral dependent and are carried at fair value measured on a non‑recurring basis. Due to the sufficiency of chargeoffs taken on these loans and the adequacy of the underlying collateral, there were no specific valuation allowances for these loans at December 31, 2017. Gross chargeoffs related to residential impaired loans included in the table above amounted to $151 thousand at December 31, 2017. In accordance with FASB Topic 825, Financial Instruments (dollars in thousands) Carrying Fair Value Measurements at September 30, 2018 Using: Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 465,449 465,449 - - 465,449 Securities available for sale 507,882 - 507,882 - 507,882 Held to maturity securities 23,462 - 23,849 - 23,849 Federal Reserve Bank and Federal Home Loan Bank stock 8,953 N/A N/A N/A N/A Net loans 3,781,180 - - 3,719,619 3,719,619 Accrued interest receivable 11,552 100 2,242 9,210 11,552 Financial liabilities: Demand deposits 403,047 403,047 - - 403,047 Interest bearing deposits 3,796,877 2,640,883 1,143,702 - 3,784,585 Short-term borrowings 176,377 - 176,377 - 176,377 Accrued interest payable 778 92 686 - 778 (dollars in thousands) Carrying Fair Value Measurements at December 31, 2017 Using: Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 612,740 612,740 - - 612,740 Securities available for sale 571,965 35 571,930 - 571,965 Held to maturity securities 27,551 - 28,701 - 28,701 Federal Reserve Bank and Federal Home Loan Bank stock 8,779 N/A N/A N/A N/A Net loans 3,592,237 - - 3,598,213 3,598,213 Accrued interest receivable 11,441 243 2,440 8,758 11,441 Financial liabilities: Demand deposits 398,399 398,399 - - 398,399 Interest bearing deposits 3,774,927 2,707,961 1,076,213 - 3,784,174 Short-term borrowings 242,991 - 242,991 - 242,991 Accrued interest payable 537 77 460 - 537 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | (7) Accumulated Other Comprehensive Income (Loss) The following is a summary of the accumulated other comprehensive (loss) income balances, net of tax: Three months ended 9/30/2018 (dollars in thousands) Balance at 7/1/2018 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Three months ended 9/30/2018 Balance at 9/30/2018 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (11,576 ) (3,010 ) - (3,010 ) (14,586 ) Net change in net actuarial (gain) loss and prior service cost on pension and postretirement benefit plans, net of tax 3,126 - (194 ) (194 ) 2,932 Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect (1,346 ) - - - (1,346 ) Accumulated other comprehensive income (loss), net of tax $ (9,796 ) (3,010 ) (194 ) (3,204 ) (13,000 ) Three months ended 9/30/2017 (dollars in thousands) Balance at 7/1/2017 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Three months ended 9/30/2017 Balance at 9/30/2017 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (4,049 ) 562 - 562 (3,487 ) Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax 456 - (29 ) (29 ) 427 Accumulated other comprehensive income (loss), net of tax $ (3,593 ) 562 (29 ) 533 (3,060 ) Nine months ended 9/30/2018 (dollars in thousands) Balance at 1/1/2018 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Nine months ended 9/30/2018 Balance at 9/30/2018 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (5,030 ) (9,556 ) - (9,556 ) (14,586 ) Net change in net actuarial (gain) loss and prior service cost on pension and postretirement benefit plans, net of tax 3,224 - (292 ) (292 ) 2,932 Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect - - (1,346 ) - (1,346 ) Accumulated other comprehensive income (loss), net of tax $ (1,806 ) (9,556 ) (1,638 ) (9,848 ) (13,000 ) Nine months ended 9/30/2017 (dollars in thousands) Balance at 1/1/2017 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Nine months ended 9/30/2017 Balance at 9/30/2017 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (6,762 ) 3,275 - 3,275 (3,487 ) Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax 511 - (84 ) (84 ) 427 Accumulated other comprehensive income (loss), net of tax $ (6,251 ) 3,275 (84 ) 3,191 (3,060 ) The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017: Three months ended September 30, Nine months ended September 30, (dollars in thousands) 2018 2017 2018 2017 Affected Line Item in Statements: Amortization of pension and postretirement benefit items: Amortization of net actuarial gain $ 189 72 $ 367 208 Salaries and employee benefits Amortization of prior service cost 73 (23 ) 28 (68 ) Salaries and employee benefits Income tax effect (68 ) (20 ) (103 ) (56 ) Income taxes Net of tax 194 29 292 84 Total reclassifications, net of tax $ 194 29 $ 292 84 |
Revenue from Contracts with Cus
Revenue from Contracts with Customers | 9 Months Ended |
Sep. 30, 2018 | |
Revenue from Contracts with Customers [Abstract] | |
Revenue from Contracts with Customers | (8) Revenue from Contracts with Customers All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within Non‑Interest Income. The following table presents the Company’s sources of Non‑Interest Income for the three months and nine months ended September 30, 2018 and 2017. Items outside the scope of ASC 606 are noted as such. Three months ended September 30, Nine months ended September 30, (dollars in thousands) 2018 2017 2018 2017 Non-interest income Service Charges on Deposits Overdraft fees $ 935 921 $ 2,586 2,657 Other 125 124 335 357 Interchange Income 1,003 1,141 3,478 3,658 Wealth management fees 1,516 1,844 4,927 5,127 Other (a) 876 824 2,303 2,286 Total non-interest income $ 4,455 4,854 $ 13,629 14,085 (a) Not within the scope of ASC 606. A description of the Company’s revenue streams accounted in accordance with ASC 606 as follows: Service charges on Deposit Accounts Interchange Income: Wealth Management fees: Gains/Losses on Sales of Other Real Estate Owned “OREO”: |
New Accounting Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2018 | |
New Accounting Pronouncements [Abstract] | |
New Accounting Pronouncements | (9) New Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014‑09, “Revenue from Contracts with Customers (Topic 606)” which implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014‑09 is that an entity should recognize revenue to depict the transfer of promised 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. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company adopted this ASU on January 1, 2018. Upon adoption the Company determined that there were no accumulated adjustments needed and no changes to the patterns on how the Company recognized revenue. The Company did add disclosures for the items in‑scope as described in note 8. In January 2016, the FASB issued ASU No. 2016‑01, “Recognition and Measurement of Financial Assets and Financial Liabilities” which amended existing guidance to improve accounting standards for financial instruments including clarification and simplification of accounting and disclosure requirements and the requirement for public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The ASU was adopted on January 1, 2018, and does not significantly impact the Company’s consolidated financial statements. The Company has amended disclosures to comply with the exit price notion as required under the ASU for the period ended September 30, 2018. In February 2018, the FASB issued ASU 2018‑02, “Income Statement – Reporting Comprehensive Income (Topic 220) Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” which will allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. These amendments are effective for all entities for fiscal years beginning after December 15, 2018. For interim periods within those fiscal years, early adoption of the amendment is permitted including public business entities for reporting periods for which financial statements have not yet been issued. The Company adopted the ASU in the first quarter of 2018 and reclassified the stranded tax effect in accumulated other comprehensive income to retained earnings in the period ended March 31, 2018. In February 2016, the FASB issued ASU No. 2016-02, “Leases” which amended existing guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2018. The Company is in the process of finalizing the impact of ASU No. 2016‑02 on its consolidated financial statements. In June 2016, the FASB released ASU 2016‑13, “Financial Instruments – Credit Losses” which amended existing guidance to replace current generally accepted accounting principles (“GAAP”) used to measure a reporting entity’s credit losses. The main objective of this update is to provide financial statement users with more decision‑useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2019. The ASU represents a significant departure from current GAAP and the Company is evaluating the impact of the ASU on its consolidated financial statements, which includes developing a roadmap for implementation of the new standard. The Company has formed a committee which is performing implementation planning, data inventory, and is continuing to evaluate the impact of the ASU on its consolidated financial statements. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Reconciliation of Earnings Per Share | A reconciliation of the component parts of earnings per share for the three and nine months ended September 30, 2018 and 2017 is as follows: Three months ended Nine months ended (in thousands, except per share data) September 30, September 30, 2018 2017 2018 2017 Net income $ 15,199 12,596 $ 45,412 35,783 Weighted average common shares 96,555 96,102 96,453 95,997 Effect of dilutive common stock options 134 103 134 94 Weighted average common shares including potential dilutive shares 96,689 96,205 96,587 96,091 Basic EPS $ 0.157 0.131 $ 0.471 0.373 Diluted EPS $ 0.157 0.131 $ 0.470 0.372 |
Benefit Plans (Tables)
Benefit Plans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Benefit Plans [Abstract] | |
Net Periodic Benefit | The table below outlines the components of the Company’s net periodic benefit recognized during the three and nine months ended September 30, 2018 and 2017 for its pension and other postretirement benefit plans: Three months ended September 30, Pension Benefits Other Postretirement Benefits (dollars in thousands) 2018 2017 2018 2017 Service cost $ 8 11 - 26 Interest cost 299 326 47 54 Expected return on plan assets (753 ) (686 ) (323 ) (190 ) Amortization of net (gain) loss - 17 (189 ) (89 ) Amortization of prior service cost - - (73 ) 23 Net periodic benefit $ (446 ) (332 ) (538 ) (176 ) Nine months ended September 30, Pension Benefits Other Postretirement Benefits (dollars in thousands) 2018 2017 2018 2017 Service cost $ 25 33 52 77 Interest cost 898 977 156 164 Expected return on plan assets (2,259 ) (2,058 ) (704 ) (571 ) Amortization of net loss (gain) - 50 (367 ) (258 ) Amortization of prior service cost - - (28 ) 68 Net periodic benefit $ (1,336 ) (998 ) (891 ) (520 ) |
Investment Securities (Tables)
Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investment Securities [Abstract] | |
Amortized Cost and Fair Value of Securities Available For Sale | The amortized cost and fair value of the securities available for sale are as follows: September 30, 2018 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government sponsored enterprises $ 154,866 - 4,813 150,053 State and political subdivisions 174 6 - 180 Mortgage backed securities and collateralized mortgage obligations 282,286 47 13,240 269,093 Corporate bonds 30,090 - 113 29,977 Small Business Administration - guaranteed participation securities 61,431 - 3,537 57,894 Other 685 - - 685 Total securities available for sale $ 529,532 53 21,703 507,882 December 31, 2017 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government sponsored enterprises $ 139,890 27 2,066 137,851 State and political subdivisions 515 10 - 525 Mortgage backed securities and collateralized mortgage obligations 330,424 84 4,825 325,683 Corporate bonds 40,270 - 108 40,162 Small Business Administration - guaranteed participation securities 68,921 - 1,862 67,059 Other 685 - - 685 Total securities available for sale $ 580,705 121 8,861 571,965 |
Securities, Available-for-sale and Held-to-maturity [Abstract] | |
Proceeds From Sales and Calls of Securities Available For Sale, Gross Realized Gains and Gross Realized Losses | The proceeds from sales and calls of securities available for sale, gross realized gains and gross realized losses from sales and calls during the three and nine months ended September 30, 2018 and 2017 are as follows: Three months ended September 30, (dollars in thousands) 2018 2017 Proceeds from sales - - Proceeds from calls 15,444 35,554 Gross realized gains - - Gross realized losses - - Nine months ended September 30, (dollars in thousands) 2018 2017 Proceeds from sales $ - - Proceeds from calls 64,925 109,123 Gross realized gains - - Gross realized losses - - |
Amortized Cost and Fair Value of Held to Maturity Securities | The amortized cost and fair value of the held to maturity securities are as follows: September 30, 2018 (dollars in thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Mortgage backed securities and collateralized mortgage obligations $ 23,462 601 214 23,849 Total held to maturity $ 23,462 601 214 23,849 December 31, 2017 (dollars in thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Mortgage backed securities and collateralized mortgage obligations $ 27,551 1,150 - 28,701 Total held to maturity $ 27,551 1,150 - 28,701 |
Securities Available for Sale [Member] | |
Securities, Available-for-sale and Held-to-maturity [Abstract] | |
Debt Securities Based on Securities Contractual Maturity | The following table distributes the debt securities included in the available for sale portfolio as of September 30, 2018, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Securities not due at a single maturity date are presented separately: Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ 10,687 10,649 Due in one year through five years 170,059 165,213 Due after five years through ten years 5,069 5,033 Mortgage backed securities and collateralized mortgage obligations 282,286 269,093 Small Business Administration - guaranteed participation securities 61,431 57,894 $ 529,532 507,882 |
Gross Unrealized Losses on Investment Securities and Related Fair Values in Unrealized Loss Position | Gross unrealized losses on securities available for sale and the related fair values aggregated by the length of time that individual securities have been in an unrealized loss position, were as follows: September 30, 2018 Less than 12 months 12 months or more Total Gross Gross Gross Fair Unreal. Fair Unreal. Fair Unreal. (dollars in thousands) Value Loss Value Loss Value Loss U.S. government sponsored enterprises $ 58,593 1,381 91,460 3,432 150,053 4,813 Mortgage backed securities and collateralized mortgage obligations - residental 8,061 266 259,715 12,974 267,776 13,240 Corporate bonds 14,986 75 9,992 38 24,978 113 Small Business Administration - guaranteed participation securities - - 57,894 3,537 57,894 3,537 Total $ 81,640 1,722 419,061 19,981 500,701 21,703 December 31, 2017 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Gross Unreal. Loss Fair Value Gross Unreal. Loss Fair Value Gross Unreal. Loss U.S. government sponsored enterprises $ 29,734 266 98,090 1,800 127,824 2,066 Mortgage backed securities and collateralized mortgage obligations - residental 48,080 371 266,394 4,344 314,474 4,715 Corporate bonds - - 40,162 108 40,162 108 Small Business Administration - guaranteed participation securities - - 67,059 1,862 67,059 1,862 Mortgage backed securities and collateralized mortgage obligations - commercial - - 9,700 110 9,700 110 Total $ 77,814 637 481,405 8,224 559,219 8,861 |
Held to Maturity Securities [Member] | |
Securities, Available-for-sale and Held-to-maturity [Abstract] | |
Debt Securities Based on Securities Contractual Maturity | The following table distributes the debt securities included in the held to maturity portfolio as of September 30, 2018, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Securities not due at a single maturity date are presented separately: (dollars in thousands) Amortized Fair Cost Value Mortgage backed securities and collateralized mortgage obligations $ 23,462 23,849 Total held to maturity $ 23,462 23,849 |
Gross Unrealized Losses on Investment Securities and Related Fair Values in Unrealized Loss Position | Gross unrecognized losses on securities held to maturity and the related fair values aggregated by the length of time that individual securities have been in an unrecognized loss position, were as follows: September 30, 2018 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Gross Unrec. Loss Fair Value Gross Unrec. Loss Fair Value Gross Unrec. Loss Mortgage backed securities and collateralized $ 12,599 214 - - 12,599 214 Total $ 12,599 214 - - 12,599 214 |
Loans and Allowance for Loan _2
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Allowance for Loan Losses [Abstract] | |
Recorded Investment in Loans by Loan Class | The following table presents the recorded investment in loans by loan class: September 30, 2018 (dollars in thousands) New York and other states* Florida Total Commercial: Commercial real estate $ 154,206 12,281 166,487 Other 24,246 254 24,500 Real estate mortgage - 1 to 4 family: First mortgages 2,408,946 835,265 3,244,211 Home equity loans 70,914 16,087 87,001 Home equity lines of credit 248,274 45,476 293,750 Installment 7,810 2,157 9,967 Total loans, net $ 2,914,396 911,520 3,825,916 Less: Allowance for loan losses 44,736 Net loans $ 3,781,180 December 31, 2017 (dollars in thousands) New York and other states* Florida Total Commercial: Commercial real estate $ 149,368 12,524 161,892 Other 23,606 709 24,315 Real estate mortgage - 1 to 4 family: First mortgages 2,286,148 765,929 3,052,077 Home equity loans 66,455 13,989 80,444 Home equity lines of credit 263,275 45,641 308,916 Installment 7,141 1,622 8,763 Total loans, net $ 2,795,993 840,414 3,636,407 Less: Allowance for loan losses 44,170 Net loans $ 3,592,237 * Includes New York, New Jersey, Vermont and Massachusetts. |
Recorded Investment in Non-Accrual Loans by Loan Class | The following tables present the recorded investment in non‑accrual loans by loan class: September 30, 2018 (dollars in thousands) New York and other states* Florida Total Loans in non-accrual status: Commercial: Commercial real estate $ 647 - 647 Other 281 - 281 Real estate mortgage - 1 to 4 family: First mortgages 17,036 1,949 18,985 Home equity loans 199 - 199 Home equity lines of credit 3,515 105 3,620 Installment 13 13 26 Total non-accrual loans 21,691 2,067 23,758 Restructured real estate mortgages - 1 to 4 family 35 - 35 Total nonperforming loans $ 21,726 2,067 23,793 December 31, 2017 (dollars in thousands) New York and other states* Florida Total Loans in non-accrual status: Commercial: Commercial real estate $ 1,443 - 1,443 Other 100 - 100 Real estate mortgage - 1 to 4 family: First mortgages 16,654 2,259 18,913 Home equity loans 93 - 93 Home equity lines of credit 3,603 130 3,733 Installment 57 - 57 Total non-accrual loans 21,950 2,389 24,339 Restructured real estate mortgages - 1 to 4 family 38 - 38 Total nonperforming loans $ 21,988 2,389 24,377 * Includes New York, New Jersey, Vermont and Massachusetts. |
Aging of Recorded Investment in Past Due Loans by Loan Class and by Region | The following tables present the aging of the recorded investment in past due loans by loan class and by region as of September 30, 2018 and December 31, 2017: September 30, 2018 New York and other states*: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - 111 435 546 153,660 154,206 Other - - 274 274 23,972 24,246 Real estate mortgage - 1 to 4 family: First mortgages 3,177 1,596 12,008 16,781 2,392,165 2,408,946 Home equity loans 17 - 163 180 70,734 70,914 Home equity lines of credit 569 141 1,904 2,614 245,660 248,274 Installment 45 26 10 81 7,729 7,810 Total $ 3,808 1,874 14,794 20,476 2,893,920 2,914,396 Florida: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - - - - 12,281 12,281 Other - - - - 254 254 Real estate mortgage - 1 to 4 family: First mortgages 532 179 1,047 1,758 833,507 835,265 Home equity loans 51 - - 51 16,036 16,087 Home equity lines of credit 29 - 50 79 45,397 45,476 Installment 2 5 13 20 2,137 2,157 Total $ 614 184 1,110 1,908 909,612 911,520 Total: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - 111 435 546 165,941 166,487 Other - - 274 274 24,226 24,500 Real estate mortgage - 1 to 4 family: First mortgages 3,709 1,775 13,055 18,539 3,225,672 3,244,211 Home equity loans 68 - 163 231 86,770 87,001 Home equity lines of credit 598 141 1,954 2,693 291,057 293,750 Installment 47 31 23 101 9,866 9,967 Total $ 4,422 2,058 15,904 22,384 3,803,532 3,825,916 * Includes New York, New Jersey, Vermont and Massachusetts. December 31, 2017 New York and other states*: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ 183 174 1,332 1,689 147,679 149,368 Other - - 100 100 23,506 23,606 Real estate mortgage - 1 to 4 family: First mortgages 5,669 1,300 9,014 15,983 2,270,165 2,286,148 Home equity loans 6 - 45 51 66,404 66,455 Home equity lines of credit 489 18 2,139 2,646 260,629 263,275 Installment 46 17 25 88 7,053 7,141 Total $ 6,393 1,509 12,655 20,557 2,775,436 2,795,993 Florida: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ - - - - 12,524 12,524 Other - - - - 709 709 Real estate mortgage - 1 to 4 family: First mortgages 277 - 1,404 1,681 764,248 765,929 Home equity loans - - - - 13,989 13,989 Home equity lines of credit - - - - 45,641 45,641 Installment 3 5 26 34 1,588 1,622 Total $ 280 5 1,430 1,715 838,699 840,414 Total: 30-59 60-89 90+ Total Days Days Days 30+ days Total (dollars in thousands) Past Due Past Due Past Due Past Due Current Loans Commercial: Commercial real estate $ 183 174 1,332 1,689 160,203 161,892 Other - - 100 100 24,215 24,315 Real estate mortgage - 1 to 4 family: First mortgages 5,946 1,300 10,418 17,664 3,034,413 3,052,077 Home equity loans 6 - 45 51 80,393 80,444 Home equity lines of credit 489 18 2,139 2,646 306,270 308,916 Installment 49 22 51 122 8,641 8,763 Total $ 6,673 1,514 14,085 22,272 3,614,135 3,636,407 * Includes New York, New Jersey, Vermont and Massachusetts. |
Activity in Allowance For Loan Losses by Portfolio Segment | Activity in the allowance for loan losses by portfolio segment is summarized as follows: Three months ended September 30, 2018 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,195 39,471 837 44,503 Loans charged off: New York and other states* - 94 69 163 Florida - - 9 9 Total loan chargeoffs - 94 78 172 Recoveries of loans previously charged off: New York and other states* 2 97 5 104 Florida - - 1 1 Total recoveries 2 97 6 105 Net loans charged off (recoveries) (2 ) (3 ) 72 67 Provision (recoveries) for loan losses (65 ) 227 138 300 Balance at end of period $ 4,132 39,701 903 44,736 Three months ended September 30, 2017 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,596 38,871 695 44,162 Loans charged off: New York and other states* - 747 65 812 Florida - 31 4 35 Total loan chargeoffs - 778 69 847 Recoveries of loans previously charged off: New York and other states* - 137 8 145 Florida - 72 - 72 Total recoveries - 209 8 217 Net loans charged off (recoveries) - 569 61 630 Provision (recoveries) for loan losses 24 434 92 550 Balance at end of period $ 4,620 38,736 726 44,082 * Includes New York, New Jersey, Vermont and Massachusetts. Nine months ended September 30, 2018 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,324 39,077 769 44,170 Loans charged off: New York and other states* - 464 181 645 Florida - - 15 15 Total loan chargeoffs - 464 196 660 Recoveries of loans previously charged off: New York and other states* 9 289 24 322 Florida - - 4 4 Total recoveries 9 289 28 326 Net loans charged off (recoveries) (9 ) 175 168 334 Provision (recoveries) for loan losses (201 ) 799 302 900 Balance at end of period $ 4,132 39,701 903 44,736 Nine months ended September 30, 2017 (dollars in thousands) Commercial Real Estate Mortgage- 1 to 4 Family Installment Total Balance at beginning of period $ 4,929 38,231 730 43,890 Loans charged off: New York and other states* 72 1,699 146 1,917 Florida - 167 19 186 Total loan chargeoffs 72 1,866 165 2,103 Recoveries of loans previously charged off: New York and other states* 8 494 21 523 Florida - 72 - 72 Total recoveries 8 566 21 595 Net loans charged off 64 1,300 144 1,508 Provision (recoveries) for loan losses (245 ) 1,805 140 1,700 Balance at end of period $ 4,620 38,736 726 44,082 * Includes New York, New Jersey, Vermont and Massachusetts. |
Allowance For Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method | The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2018 and December 31, 2017: September 30, 2018 (dollars in thousands) Commercial Loans 1-to-4 Family Residential Real Estate Installment Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ - - - - Collectively evaluated for impairment 4,132 39,701 903 44,736 Total ending allowance balance $ 4,132 39,701 903 44,736 Loans: Individually evaluated for impairment $ 1,961 20,576 - 22,537 Collectively evaluated for impairment 189,026 3,604,386 9,967 3,803,379 Total ending loans balance $ 190,987 3,624,962 9,967 3,825,916 December 31, 2017 (dollars in thousands) Commercial Loans 1-to-4 Family Residential Real Estate Installment Loans Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ - - - - Collectively evaluated for impairment 4,324 39,077 769 44,170 Total ending allowance balance $ 4,324 39,077 769 44,170 Loans: Individually evaluated for impairment $ 2,248 22,032 - 24,280 Collectively evaluated for impairment 183,959 3,419,405 8,763 3,612,127 Total ending loans balance $ 186,207 3,441,437 8,763 3,636,407 |
Impaired Loans by Loan Class | The following tables present impaired loans by loan class as of September 30, 2018 and December 31, 2017: September 30, 2018 New York and other states*: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 1,534 1,704 - 1,597 Other 313 313 - 191 Real estate mortgage - 1 to 4 family: - - - - First mortgages 14,906 20,283 - 15,418 Home equity loans 257 471 - 262 Home equity lines of credit 2,700 4,082 - 2,691 Total $ 19,710 26,853 - 20,159 Florida: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 114 114 - 29 Other - - - - Real estate mortgage - 1 to 4 family: First mortgages 2,374 2,731 - 2,559 Home equity loans 85 95 - 87 Home equity lines of credit 254 1,056 - 390 Total $ 2,827 3,996 - 3,065 Total: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 1,648 1,818 - 1,626 Other 313 313 - 191 Real estate mortgage - 1 to 4 family: First mortgages 17,280 23,014 - 17,977 Home equity loans 342 566 - 349 Home equity lines of credit 2,954 5,138 - 3,081 Total $ 22,537 30,849 - 23,224 * Includes New York, New Jersey, Vermont and Massachusetts. December 31, 2017 New York and other states*: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 2,148 3,120 - 2,711 Other 100 100 - 87 Real estate mortgage - 1 to 4 family: First mortgages 15,850 16,540 - 16,508 Home equity loans 270 291 - 263 Home equity lines of credit 2,606 2,847 - 2,193 Total $ 20,974 22,898 - 21,762 Florida: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ - - - - Other - - - - Real estate mortgage - 1 to 4 family: First mortgages 2,707 2,813 - 2,335 Home equity loans 89 89 - 92 Home equity lines of credit 510 510 - 561 Total $ 3,306 3,412 - 2,988 Total: Unpaid Average Recorded Principal Related Recorded (dollars in thousands) Investment Balance Allowance Investment Commercial: Commercial real estate $ 2,148 3,120 - 2,711 Other 100 100 - 87 Real estate mortgage - 1 to 4 family: First mortgages 18,557 19,353 - 18,843 Home equity loans 359 380 - 355 Home equity lines of credit 3,116 3,357 - 2,754 Total $ 24,280 26,310 - 24,750 * Includes New York, New Jersey, Vermont and Massachusetts. |
Modified Loans by Class That Were Determined to be TDR's | The following tables presents, by class, loans that were modified as TDR’s: Three months ended 9/30/2018 Three months ended 9/30/2017 New York and other states*: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - - $ - - Real estate mortgage - 1 to 4 family: First mortgages 6 791 791 7 941 941 Home equity loans 1 6 6 - - - Home equity lines of credit 1 7 7 3 296 296 Total 8 $ 804 804 10 $ 1,237 1,237 Florida: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - - $ - - Real estate mortgage - 1 to 4 family: First mortgages - - - 2 251 251 Home equity loans - - - - - - Home equity lines of credit - - - - - - Total - $ - - 2 $ 251 251 Nine months ended 9/30/2018 Nine months ended 9/30/2017 New York and other states*: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - 3 $ 747 747 Real estate mortgage - 1 to 4 family: First mortgages 10 1,386 1,386 25 3,986 3,986 Home equity loans 1 6 6 1 13 13 Home equity lines of credit 3 216 216 8 457 457 Total 14 $ 1,608 1,608 37 $ 5,203 5,203 Florida: Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investment Investment Contracts Investment Investment Commercial: Commercial real estate - $ - - - $ - - Real estate mortgage - 1 to 4 family: First mortgages - - - 7 718 718 Home equity loans - - - - - - Home equity lines of credit - - - 1 70 70 Total - $ - - 8 $ 788 788 * Includes New York, New Jersey, Vermont and Massachusetts. |
Loans by Class Modified as TDR's For Which There was a Payment Default | The following table presents, by class, TDR’s that defaulted during the three and nine months ended September 30, 2018 and 2017 which had been modified within the last twelve months: Three months ended 9/30/2018 Three months ended 9/30/2017 New York and other states*: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages 1 101 2 236 Home equity loans - - - - Home equity lines of credit - - - - Total 1 $ 101 2 $ 236 Florida: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages - - - - Home equity loans - - - - Home equity lines of credit - - - - Total - $ - - $ - Nine months ended 9/30/2018 Nine months ended 9/30/2017 New York and other states*: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages 1 101 2 236 Home equity loans - - - - Home equity lines of credit 1 3 1 3 Total 2 $ 104 3 $ 239 Florida: Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Commercial: Commercial real estate - $ - - $ - Real estate mortgage - 1 to 4 family: First mortgages 1 72 1 77 Home equity loans - - - - Home equity lines of credit - - 1 70 Total 1 $ 72 2 $ 147 * Includes New York, New Jersey, Vermont and Massachusetts. |
Risk Category Loans by Class of Loans | As of September 30, 2018 and December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: September 30, 2018 New York and other states*: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 149,030 5,176 154,206 Other 23,061 1,185 24,246 $ 172,091 6,361 178,452 Florida: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 12,167 114 12,281 Other 254 - 254 $ 12,421 114 12,535 Total: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 161,197 5,290 166,487 Other 23,315 1,185 24,500 $ 184,512 6,475 190,987 * Includes New York, New Jersey and Massachusetts. December 31, 2017 New York and other states*: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 140,806 8,562 149,368 Other 21,936 1,670 23,606 $ 162,742 10,232 172,974 Florida: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 12,406 118 12,524 Other 709 - 709 $ 13,115 118 13,233 Total: (dollars in thousands) Pass Classified Total Commercial: Commercial real estate $ 153,212 8,680 161,892 Other 22,645 1,670 24,315 $ 175,857 10,350 186,207 * Includes New York, New Jersey and Massachusetts. |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value of Financial Instruments [Abstract] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value under ASC 820 on a recurring basis are summarized below: Fair Value Measurements at September 30, 2018 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. government sponsored enterprises $ 150,053 $ - $ 150,053 $ - State and political subdivisions 180 - 180 - Mortgage backed securities and collateralized mortgage obligations 269,093 - 269,093 - Corporate bonds 29,977 - 29,977 - Small Business Administration - guaranteed participation securities 57,894 - 57,894 - Other securities 685 - 685 - Total securities available for sale $ 507,882 $ - $ 507,882 $ - Fair Value Measurements at December 31, 2017 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. government sponsored enterprises $ 137,851 $ - $ 137,851 $ - State and political subdivisions 525 - 525 - Mortgage backed securities and collateralized mortgage obligations 325,683 - 325,683 - Corporate bonds 40,162 - 40,162 - Small Business Administration - guaranteed participation securities 67,059 - 67,059 - Other securities 685 - 685 Total securities available for sale $ 571,965 $ - $ 571,965 $ - |
Assets Measured at Fair Value on Non-Recurring Basis | Assets measured at fair value on a non‑recurring basis are summarized below: Fair Value Measurements at September 30, 2018 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Valuation technique Unobservable inputs Range (Weighted Average) Other real estate owned $ 2,306 $ - $ - $ 2,306 Sales comparison approach Adjustments for differences between comparable sales 1% - 14% (7 %) Impaired loans: Real estate mortgage - 1 to 4 family 326 - - 326 Sales comparison approach Adjustments for differences between comparable sales 5% - 14% (10 %) Fair Value Measurements at December 31, 2017 Using: (dollars in thousands) Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Valuation technique Unobservable inputs Range (Weighted Average) Other real estate owned $ 3,246 $ - $ - $ 3,246 Sales comparison approach Adjustments for differences between comparable sales 1% - 14% (7 %) Impaired loans: Real estate mortgage - 1 to 4 family 844 - - 844 Sales comparison approach Adjustments for differences between comparable sales 5% - 14% (10 %) |
Carrying Amounts and Estimated Fair Values of Financial Instruments | the carrying amounts and estimated fair values (represents exit price) of financial instruments, at September 30, 2018 and December 31, 2017 are as follows: (dollars in thousands) Carrying Fair Value Measurements at September 30, 2018 Using: Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 465,449 465,449 - - 465,449 Securities available for sale 507,882 - 507,882 - 507,882 Held to maturity securities 23,462 - 23,849 - 23,849 Federal Reserve Bank and Federal Home Loan Bank stock 8,953 N/A N/A N/A N/A Net loans 3,781,180 - - 3,719,619 3,719,619 Accrued interest receivable 11,552 100 2,242 9,210 11,552 Financial liabilities: Demand deposits 403,047 403,047 - - 403,047 Interest bearing deposits 3,796,877 2,640,883 1,143,702 - 3,784,585 Short-term borrowings 176,377 - 176,377 - 176,377 Accrued interest payable 778 92 686 - 778 (dollars in thousands) Carrying Fair Value Measurements at December 31, 2017 Using: Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 612,740 612,740 - - 612,740 Securities available for sale 571,965 35 571,930 - 571,965 Held to maturity securities 27,551 - 28,701 - 28,701 Federal Reserve Bank and Federal Home Loan Bank stock 8,779 N/A N/A N/A N/A Net loans 3,592,237 - - 3,598,213 3,598,213 Accrued interest receivable 11,441 243 2,440 8,758 11,441 Financial liabilities: Demand deposits 398,399 398,399 - - 398,399 Interest bearing deposits 3,774,927 2,707,961 1,076,213 - 3,784,174 Short-term borrowings 242,991 - 242,991 - 242,991 Accrued interest payable 537 77 460 - 537 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Accumulated Other Comprehensive (Loss) Income Balances, Net of Tax | The following is a summary of the accumulated other comprehensive (loss) income balances, net of tax: Three months ended 9/30/2018 (dollars in thousands) Balance at 7/1/2018 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Three months ended 9/30/2018 Balance at 9/30/2018 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (11,576 ) (3,010 ) - (3,010 ) (14,586 ) Net change in net actuarial (gain) loss and prior service cost on pension and postretirement benefit plans, net of tax 3,126 - (194 ) (194 ) 2,932 Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect (1,346 ) - - - (1,346 ) Accumulated other comprehensive income (loss), net of tax $ (9,796 ) (3,010 ) (194 ) (3,204 ) (13,000 ) Three months ended 9/30/2017 (dollars in thousands) Balance at 7/1/2017 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Three months ended 9/30/2017 Balance at 9/30/2017 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (4,049 ) 562 - 562 (3,487 ) Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax 456 - (29 ) (29 ) 427 Accumulated other comprehensive income (loss), net of tax $ (3,593 ) 562 (29 ) 533 (3,060 ) Nine months ended 9/30/2018 (dollars in thousands) Balance at 1/1/2018 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Nine months ended 9/30/2018 Balance at 9/30/2018 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (5,030 ) (9,556 ) - (9,556 ) (14,586 ) Net change in net actuarial (gain) loss and prior service cost on pension and postretirement benefit plans, net of tax 3,224 - (292 ) (292 ) 2,932 Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect - - (1,346 ) - (1,346 ) Accumulated other comprehensive income (loss), net of tax $ (1,806 ) (9,556 ) (1,638 ) (9,848 ) (13,000 ) Nine months ended 9/30/2017 (dollars in thousands) Balance at 1/1/2017 Other Comprehensive Income (loss)- Before Reclassifications Amount reclassified from Accumulated Other Comprehensive Income Other Comprehensive Income (loss)- Nine months ended 9/30/2017 Balance at 9/30/2017 Net unrealized holding gain (loss) on securities available for sale, net of tax $ (6,762 ) 3,275 - 3,275 (3,487 ) Net change in net actuarial gain and prior service cost on pension and postretirement benefit plans, net of tax 511 - (84 ) (84 ) 427 Accumulated other comprehensive income (loss), net of tax $ (6,251 ) 3,275 (84 ) 3,191 (3,060 ) |
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | The following represents the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017: Three months ended September 30, Nine months ended September 30, (dollars in thousands) 2018 2017 2018 2017 Affected Line Item in Statements: Amortization of pension and postretirement benefit items: Amortization of net actuarial gain $ 189 72 $ 367 208 Salaries and employee benefits Amortization of prior service cost 73 (23 ) 28 (68 ) Salaries and employee benefits Income tax effect (68 ) (20 ) (103 ) (56 ) Income taxes Net of tax 194 29 292 84 Total reclassifications, net of tax $ 194 29 $ 292 84 |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Revenue from Contracts with Customers [Abstract] | |
Source of Non-Interest Income | The following table presents the Company’s sources of Non‑Interest Income for the three months and nine months ended September 30, 2018 and 2017. Items outside the scope of ASC 606 are noted as such. Three months ended September 30, Nine months ended September 30, (dollars in thousands) 2018 2017 2018 2017 Non-interest income Service Charges on Deposits Overdraft fees $ 935 921 $ 2,586 2,657 Other 125 124 335 357 Interchange Income 1,003 1,141 3,478 3,658 Wealth management fees 1,516 1,844 4,927 5,127 Other (a) 876 824 2,303 2,286 Total non-interest income $ 4,455 4,854 $ 13,629 14,085 (a) Not within the scope of ASC 606. |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Reconciliation of the component parts of earnings per share [Abstract] | ||||
Net income | $ 15,199 | $ 12,596 | $ 45,412 | $ 35,783 |
Weighted average common shares (in shares) | 96,555 | 96,102 | 96,453 | 95,997 |
Effect of dilutive common stock options (in shares) | 134 | 103 | 134 | 94 |
Weighted average common shares including potential dilutive shares (in shares) | 96,689 | 96,205 | 96,587 | 96,091 |
Basic EPS (in dollars per share) | $ 0.157 | $ 0.131 | $ 0.471 | $ 0.373 |
Diluted EPS (in dollars per share) | $ 0.157 | $ 0.131 | $ 0.470 | $ 0.372 |
Stock Options [Member] | ||||
Antidilutive Securities [Abstract] | ||||
Weighted average number of antidilutive stock options excluded from diluted earnings per share (in shares) | 0 | 995 | 0 | 1,400 |
Benefit Plans (Details)
Benefit Plans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Components of net periodic benefit cost [Abstract] | ||||
Contribution made to pension and postretirement plans | $ 0 | |||
Pension Benefits [Member] | ||||
Components of net periodic benefit cost [Abstract] | ||||
Service cost | $ 8 | $ 11 | 25 | $ 33 |
Interest cost | 299 | 326 | 898 | 977 |
Expected return on plan assets | (753) | (686) | (2,259) | (2,058) |
Amortization of net (gain) loss | 0 | 17 | 0 | 50 |
Amortization of prior service cost | 0 | 0 | 0 | 0 |
Net periodic benefit | (446) | (332) | (1,336) | (998) |
Other Postretirement Benefits [Member] | ||||
Components of net periodic benefit cost [Abstract] | ||||
Service cost | 0 | 26 | 52 | 77 |
Interest cost | 47 | 54 | 156 | 164 |
Expected return on plan assets | (323) | (190) | (704) | (571) |
Amortization of net (gain) loss | (189) | (89) | (367) | (258) |
Amortization of prior service cost | (73) | 23 | (28) | 68 |
Net periodic benefit | $ (538) | $ (176) | $ (891) | $ (520) |
Investment Securities, Availabl
Investment Securities, Available-for-sale Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized cost and fair value of the securities available for sale [Abstract] | ||
Amortized Cost | $ 529,532 | $ 580,705 |
Gross Unrealized Gains | 53 | 121 |
Gross Unrealized Losses | 21,703 | 8,861 |
Fair Value | 507,882 | 571,965 |
U. S. Government Sponsored Enterprises [Member] | ||
Amortized cost and fair value of the securities available for sale [Abstract] | ||
Amortized Cost | 154,866 | 139,890 |
Gross Unrealized Gains | 0 | 27 |
Gross Unrealized Losses | 4,813 | 2,066 |
Fair Value | 150,053 | 137,851 |
State and Political Subdivisions [Member] | ||
Amortized cost and fair value of the securities available for sale [Abstract] | ||
Amortized Cost | 174 | 515 |
Gross Unrealized Gains | 6 | 10 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 180 | 525 |
Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Amortized cost and fair value of the securities available for sale [Abstract] | ||
Amortized Cost | 282,286 | 330,424 |
Gross Unrealized Gains | 47 | 84 |
Gross Unrealized Losses | 13,240 | 4,825 |
Fair Value | 269,093 | 325,683 |
Corporate Bonds [Member] | ||
Amortized cost and fair value of the securities available for sale [Abstract] | ||
Amortized Cost | 30,090 | 40,270 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 113 | 108 |
Fair Value | 29,977 | 40,162 |
Small Business Administration-Guaranteed Participation Securities [Member] | ||
Amortized cost and fair value of the securities available for sale [Abstract] | ||
Amortized Cost | 61,431 | 68,921 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 3,537 | 1,862 |
Fair Value | 57,894 | 67,059 |
Other [Member] | ||
Amortized cost and fair value of the securities available for sale [Abstract] | ||
Amortized Cost | 685 | 685 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | $ 685 | $ 685 |
Investment Securities, Availa_2
Investment Securities, Available-for-sale Securities, Maturities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized Cost [Abstract] | ||
Due in one year or less | $ 10,687 | |
Due in one year through five years | 170,059 | |
Due after five years through ten years | 5,069 | |
Amortized Cost | 529,532 | $ 580,705 |
Fair Value [Abstract] | ||
Due in one year or less | 10,649 | |
Due in one year through five years | 165,213 | |
Due after five years through ten years | 5,033 | |
Fair Value | 507,882 | 571,965 |
Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Amortized Cost [Abstract] | ||
Securities, amortized cost | 282,286 | |
Amortized Cost | 282,286 | 330,424 |
Fair Value [Abstract] | ||
Securities, fair value | 269,093 | |
Fair Value | 269,093 | 325,683 |
Small Business Administration-Guaranteed Participation Securities [Member] | ||
Amortized Cost [Abstract] | ||
Securities, amortized cost | 61,431 | |
Amortized Cost | 61,431 | 68,921 |
Fair Value [Abstract] | ||
Securities, fair value | 57,894 | |
Fair Value | $ 57,894 | $ 67,059 |
Investment Securities, Availa_3
Investment Securities, Available-for-sale Securities, Gross Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available for sale securities unrealized loss position - Fair Value [Abstract] | ||
Less than 12 months - Fair Value | $ 81,640 | $ 77,814 |
12 months or more - Fair Value | 419,061 | 481,405 |
Total - Fair Value | 500,701 | 559,219 |
Available for sale securities unrealized loss position - Gross Unrealized Loss [Abstract] | ||
Less than 12 months - Gross Unrealized Loss | 1,722 | 637 |
12 months or more - Gross Unrealized Loss | 19,981 | 8,224 |
Total - Gross Unrealized Loss | 21,703 | 8,861 |
U. S. Government Sponsored Enterprises [Member] | ||
Available for sale securities unrealized loss position - Fair Value [Abstract] | ||
Less than 12 months - Fair Value | 58,593 | 29,734 |
12 months or more - Fair Value | 91,460 | 98,090 |
Total - Fair Value | 150,053 | 127,824 |
Available for sale securities unrealized loss position - Gross Unrealized Loss [Abstract] | ||
Less than 12 months - Gross Unrealized Loss | 1,381 | 266 |
12 months or more - Gross Unrealized Loss | 3,432 | 1,800 |
Total - Gross Unrealized Loss | 4,813 | 2,066 |
Mortgage-Backed Securities and Collateralized Mortgage Obligations - Residential [Member] | ||
Available for sale securities unrealized loss position - Fair Value [Abstract] | ||
Less than 12 months - Fair Value | 8,061 | 48,080 |
12 months or more - Fair Value | 259,715 | 266,394 |
Total - Fair Value | 267,776 | 314,474 |
Available for sale securities unrealized loss position - Gross Unrealized Loss [Abstract] | ||
Less than 12 months - Gross Unrealized Loss | 266 | 371 |
12 months or more - Gross Unrealized Loss | 12,974 | 4,344 |
Total - Gross Unrealized Loss | 13,240 | 4,715 |
Corporate Bonds [Member] | ||
Available for sale securities unrealized loss position - Fair Value [Abstract] | ||
Less than 12 months - Fair Value | 14,986 | 0 |
12 months or more - Fair Value | 9,992 | 40,162 |
Total - Fair Value | 24,978 | 40,162 |
Available for sale securities unrealized loss position - Gross Unrealized Loss [Abstract] | ||
Less than 12 months - Gross Unrealized Loss | 75 | 0 |
12 months or more - Gross Unrealized Loss | 38 | 108 |
Total - Gross Unrealized Loss | 113 | 108 |
Small Business Administration-Guaranteed Participation Securities [Member] | ||
Available for sale securities unrealized loss position - Fair Value [Abstract] | ||
Less than 12 months - Fair Value | 0 | 0 |
12 months or more - Fair Value | 57,894 | 67,059 |
Total - Fair Value | 57,894 | 67,059 |
Available for sale securities unrealized loss position - Gross Unrealized Loss [Abstract] | ||
Less than 12 months - Gross Unrealized Loss | 0 | 0 |
12 months or more - Gross Unrealized Loss | 3,537 | 1,862 |
Total - Gross Unrealized Loss | $ 3,537 | 1,862 |
Mortgage-Backed Securities and Collateralized Mortgage Obligations - Commercial [Member] | ||
Available for sale securities unrealized loss position - Fair Value [Abstract] | ||
Less than 12 months - Fair Value | 0 | |
12 months or more - Fair Value | 9,700 | |
Total - Fair Value | 9,700 | |
Available for sale securities unrealized loss position - Gross Unrealized Loss [Abstract] | ||
Less than 12 months - Gross Unrealized Loss | 0 | |
12 months or more - Gross Unrealized Loss | 110 | |
Total - Gross Unrealized Loss | $ 110 |
Investment Securities, Availa_4
Investment Securities, Available-for-sale Securities, Transaction Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Proceeds from sales and calls of securities available for sale, gross realized gains and gross realized losses [Abstract] | ||||
Proceeds from sales | $ 0 | $ 0 | $ 0 | $ 0 |
Proceeds from calls | 15,444 | 35,554 | 64,925 | 109,123 |
Gross realized gains | 0 | 0 | 0 | 0 |
Gross realized losses | 0 | 0 | 0 | 0 |
Sales of available for sale securities | $ 0 | $ 0 | $ 0 | $ 0 |
Investment Securities, Held-to-
Investment Securities, Held-to-maturity Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized cost and fair value of the held to maturity securities [Abstract] | ||
Amortized Cost | $ 23,462 | $ 27,551 |
Gross Unrecognized Gains | 601 | 1,150 |
Gross Unrecognized Losses | 214 | 0 |
Fair Value | 23,849 | 28,701 |
Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Amortized cost and fair value of the held to maturity securities [Abstract] | ||
Amortized Cost | 23,462 | 27,551 |
Gross Unrecognized Gains | 601 | 1,150 |
Gross Unrecognized Losses | 214 | 0 |
Fair Value | $ 23,849 | $ 28,701 |
Investment Securities, Held-t_2
Investment Securities, Held-to-maturity Securities, Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized Cost [Abstract] | ||
Amortized Cost | $ 23,462 | $ 27,551 |
Fair Value [Abstract] | ||
Fair Value | 23,849 | 28,701 |
Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
Amortized Cost [Abstract] | ||
Securities, amortized cost | 23,462 | |
Amortized Cost | 23,462 | 27,551 |
Fair Value [Abstract] | ||
Securities, fair value | 23,849 | |
Fair Value | $ 23,849 | $ 28,701 |
Investment Securities, Held-t_3
Investment Securities, Held-to-maturity Securities, Gross Unrealized Loss Position (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Fair Value [Abstract] | |||||
Less than 12 months - Fair Value | $ 12,599 | $ 12,599 | |||
12 months or more - Fair Value | 0 | 0 | |||
Total - Fair Value | 12,599 | 12,599 | |||
Gross Unrealized Loss [Abstract] | |||||
Less than 12 months - Gross Unrealized Loss | 214 | 214 | |||
12 months or more - Gross Unrealized Loss | 0 | 0 | |||
Total - Gross Unrealized Loss | 214 | 214 | $ 0 | ||
Sales and transfers of held to maturity securities | 0 | $ 0 | 0 | $ 0 | |
Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||||
Fair Value [Abstract] | |||||
Less than 12 months - Fair Value | 12,599 | 12,599 | |||
12 months or more - Fair Value | 0 | 0 | |||
Total - Fair Value | 12,599 | 12,599 | |||
Gross Unrealized Loss [Abstract] | |||||
Less than 12 months - Gross Unrealized Loss | 214 | 214 | |||
12 months or more - Gross Unrealized Loss | 0 | 0 | |||
Total - Gross Unrealized Loss | $ 214 | $ 214 |
Loans and Allowance for Loan _3
Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | $ 3,825,916 | $ 3,636,407 | |||||
Less: Allowance for loan losses | 44,736 | $ 44,503 | 44,170 | $ 44,082 | $ 44,162 | $ 43,890 | |
Net loans | 3,781,180 | 3,592,237 | |||||
New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 2,914,396 | 2,795,993 | ||||
Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 911,520 | 840,414 | |||||
Real Estate Construction Loans [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 25,400 | 30,900 | |||||
Residential Borrowers [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 14,000 | 21,100 | |||||
Commercial Borrowers Residential Purpose [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 11,400 | 9,800 | |||||
Commercial [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 190,987 | 186,207 | |||||
Less: Allowance for loan losses | 4,132 | 4,195 | 4,324 | 4,620 | 4,596 | 4,929 | |
Commercial [Member] | New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 178,452 | 172,974 | ||||
Commercial [Member] | Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 12,535 | 13,233 | |||||
Commercial [Member] | Commercial Real Estate [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 166,487 | 161,892 | |||||
Commercial [Member] | Commercial Real Estate [Member] | New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 154,206 | 149,368 | ||||
Commercial [Member] | Commercial Real Estate [Member] | Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 12,281 | 12,524 | |||||
Commercial [Member] | Other [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 24,500 | 24,315 | |||||
Commercial [Member] | Other [Member] | New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 24,246 | 23,606 | ||||
Commercial [Member] | Other [Member] | Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 254 | 709 | |||||
Real Estate Mortgage - 1 to 4 Family [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 3,624,962 | 3,441,437 | |||||
Less: Allowance for loan losses | 39,701 | 39,471 | 39,077 | 38,736 | 38,871 | 38,231 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 3,244,211 | 3,052,077 | |||||
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 2,408,946 | 2,286,148 | ||||
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 835,265 | 765,929 | |||||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 87,001 | 80,444 | |||||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 70,914 | 66,455 | ||||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 16,087 | 13,989 | |||||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 293,750 | 308,916 | |||||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 248,274 | 263,275 | ||||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 45,476 | 45,641 | |||||
Installment [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | 9,967 | 8,763 | |||||
Less: Allowance for loan losses | 903 | $ 837 | 769 | $ 726 | $ 695 | $ 730 | |
Installment [Member] | New York and Other States [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | [1] | 7,810 | 7,141 | ||||
Installment [Member] | Florida [Member] | |||||||
Loans and Leases Receivable [Abstract] | |||||||
Total loans, net | $ 2,157 | $ 1,622 | |||||
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Loans and Allowance for Loan _4
Loans and Allowance for Loan Losses, Non-accrual Loans, By Loan Class (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | $ 23,758 | $ 24,339 | |
Restructured real estate mortgages - 1 to 4 family | 35 | 38 | |
Total nonperforming loans | 23,793 | 24,377 | |
Other real estate owned | 1,700 | 2,700 | |
New York and Other States [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | [1] | 21,691 | 21,950 |
Restructured real estate mortgages - 1 to 4 family | [1] | 35 | 38 |
Total nonperforming loans | [1] | 21,726 | 21,988 |
Florida [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 2,067 | 2,389 | |
Restructured real estate mortgages - 1 to 4 family | 0 | 0 | |
Total nonperforming loans | 2,067 | 2,389 | |
Residential Real Estate [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Non accrual residential mortgage loans in the process of foreclosure | 12,500 | 12,600 | |
Commercial [Member] | Commercial Real Estate [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 647 | 1,443 | |
Commercial [Member] | Commercial Real Estate [Member] | New York and Other States [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | [1] | 647 | 1,443 |
Commercial [Member] | Commercial Real Estate [Member] | Florida [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 0 | 0 | |
Commercial [Member] | Other [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 281 | 100 | |
Commercial [Member] | Other [Member] | New York and Other States [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | [1] | 281 | 100 |
Commercial [Member] | Other [Member] | Florida [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 18,985 | 18,913 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | New York and Other States [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | [1] | 17,036 | 16,654 |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | Florida [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 1,949 | 2,259 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 199 | 93 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | New York and Other States [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | [1] | 199 | 93 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | Florida [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 3,620 | 3,733 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | New York and Other States [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | [1] | 3,515 | 3,603 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | Florida [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 105 | 130 | |
Installment [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | 26 | 57 | |
Installment [Member] | New York and Other States [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | [1] | 13 | 57 |
Installment [Member] | Florida [Member] | |||
Non accrual loans by loan class [Abstract] | |||
Total non-accrual loans | $ 13 | $ 0 | |
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Loans and Allowance for Loan _5
Loans and Allowance for Loan Losses, Past Due (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | ||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | $ 22,384 | $ 22,272 | |
Current | 3,803,532 | 3,614,135 | |
Total loans | 3,825,916 | 3,636,407 | |
Loans that are 90 days past due and still accruing interest | $ 0 | $ 0 | |
Number of days past due | 90 days | 90 days | |
New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | $ 20,476 | $ 20,557 |
Current | [1] | 2,893,920 | 2,775,436 |
Total loans | [1] | 2,914,396 | 2,795,993 |
Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 1,908 | 1,715 | |
Current | 909,612 | 838,699 | |
Total loans | 911,520 | 840,414 | |
30-59 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 4,422 | 6,673 | |
30-59 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 3,808 | 6,393 |
30-59 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 614 | 280 | |
60-89 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 2,058 | 1,514 | |
60-89 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 1,874 | 1,509 |
60-89 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 184 | 5 | |
90+ Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 15,904 | 14,085 | |
90+ Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 14,794 | 12,655 |
90+ Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 1,110 | 1,430 | |
Commercial [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total loans | 190,987 | 186,207 | |
Commercial [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total loans | [1] | 178,452 | 172,974 |
Commercial [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total loans | 12,535 | 13,233 | |
Commercial [Member] | Commercial Real Estate [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 546 | 1,689 | |
Current | 165,941 | 160,203 | |
Total loans | 166,487 | 161,892 | |
Commercial [Member] | Commercial Real Estate [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 546 | 1,689 |
Current | [1] | 153,660 | 147,679 |
Total loans | [1] | 154,206 | 149,368 |
Commercial [Member] | Commercial Real Estate [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Current | 12,281 | 12,524 | |
Total loans | 12,281 | 12,524 | |
Commercial [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 183 | |
Commercial [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 0 | 183 |
Commercial [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Commercial [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 111 | 174 | |
Commercial [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 111 | 174 |
Commercial [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Commercial [Member] | Commercial Real Estate [Member] | 90+ Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 435 | 1,332 | |
Commercial [Member] | Commercial Real Estate [Member] | 90+ Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 435 | 1,332 |
Commercial [Member] | Commercial Real Estate [Member] | 90+ Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Commercial [Member] | Other [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 274 | 100 | |
Current | 24,226 | 24,215 | |
Total loans | 24,500 | 24,315 | |
Commercial [Member] | Other [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 274 | 100 |
Current | [1] | 23,972 | 23,506 |
Total loans | [1] | 24,246 | 23,606 |
Commercial [Member] | Other [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Current | 254 | 709 | |
Total loans | 254 | 709 | |
Commercial [Member] | Other [Member] | 30-59 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Commercial [Member] | Other [Member] | 30-59 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 0 | 0 |
Commercial [Member] | Other [Member] | 30-59 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Commercial [Member] | Other [Member] | 60-89 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Commercial [Member] | Other [Member] | 60-89 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 0 | 0 |
Commercial [Member] | Other [Member] | 60-89 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Commercial [Member] | Other [Member] | 90+ Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 274 | 100 | |
Commercial [Member] | Other [Member] | 90+ Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 274 | 100 |
Commercial [Member] | Other [Member] | 90+ Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total loans | 3,624,962 | 3,441,437 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 18,539 | 17,664 | |
Current | 3,225,672 | 3,034,413 | |
Total loans | 3,244,211 | 3,052,077 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 16,781 | 15,983 |
Current | [1] | 2,392,165 | 2,270,165 |
Total loans | [1] | 2,408,946 | 2,286,148 |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 1,758 | 1,681 | |
Current | 833,507 | 764,248 | |
Total loans | 835,265 | 765,929 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 30-59 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 3,709 | 5,946 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 30-59 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 3,177 | 5,669 |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 30-59 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 532 | 277 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 60-89 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 1,775 | 1,300 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 60-89 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 1,596 | 1,300 |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 60-89 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 179 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 90+ Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 13,055 | 10,418 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 90+ Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 12,008 | 9,014 |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | 90+ Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 1,047 | 1,404 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 231 | 51 | |
Current | 86,770 | 80,393 | |
Total loans | 87,001 | 80,444 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 180 | 51 |
Current | [1] | 70,734 | 66,404 |
Total loans | [1] | 70,914 | 66,455 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 51 | 0 | |
Current | 16,036 | 13,989 | |
Total loans | 16,087 | 13,989 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 30-59 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 68 | 6 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 30-59 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 17 | 6 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 30-59 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 51 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 60-89 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 60-89 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 0 | 0 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 60-89 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 90+ Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 163 | 45 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 90+ Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 163 | 45 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | 90+ Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 2,693 | 2,646 | |
Current | 291,057 | 306,270 | |
Total loans | 293,750 | 308,916 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 2,614 | 2,646 |
Current | [1] | 245,660 | 260,629 |
Total loans | [1] | 248,274 | 263,275 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 79 | 0 | |
Current | 45,397 | 45,641 | |
Total loans | 45,476 | 45,641 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 30-59 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 598 | 489 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 30-59 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 569 | 489 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 30-59 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 29 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 60-89 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 141 | 18 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 60-89 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 141 | 18 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 60-89 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 90+ Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 1,954 | 2,139 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 90+ Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 1,904 | 2,139 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | 90+ Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 50 | 0 | |
Installment [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 101 | 122 | |
Current | 9,866 | 8,641 | |
Total loans | 9,967 | 8,763 | |
Installment [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 81 | 88 |
Current | [1] | 7,729 | 7,053 |
Total loans | [1] | 7,810 | 7,141 |
Installment [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 20 | 34 | |
Current | 2,137 | 1,588 | |
Total loans | 2,157 | 1,622 | |
Installment [Member] | 30-59 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 47 | 49 | |
Installment [Member] | 30-59 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 45 | 46 |
Installment [Member] | 30-59 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 2 | 3 | |
Installment [Member] | 60-89 Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 31 | 22 | |
Installment [Member] | 60-89 Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 26 | 17 |
Installment [Member] | 60-89 Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 5 | 5 | |
Installment [Member] | 90+ Days Past Due [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | 23 | 51 | |
Installment [Member] | 90+ Days Past Due [Member] | New York and Other States [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | [1] | 10 | 25 |
Installment [Member] | 90+ Days Past Due [Member] | Florida [Member] | |||
Aging of the recorded investment in past due loans [Abstract] | |||
Total 30+ days Past Due | $ 13 | $ 26 | |
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Loans and Allowance for Loan _6
Loans and Allowance for Loan Losses, Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Allowance for loan losses by portfolio segment [Roll Forward] | |||||
Balance at beginning of period | $ 44,503 | $ 44,162 | $ 44,170 | $ 43,890 | |
Loans charged off [Abstract] | |||||
Total loan charge offs | 172 | 847 | 660 | 2,103 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | 105 | 217 | 326 | 595 | |
Net loans charged off (recoveries) | 67 | 630 | 334 | 1,508 | |
Provision (recoveries) for loan losses | 300 | 550 | 900 | 1,700 | |
Balance at end of period | 44,736 | 44,082 | 44,736 | 44,082 | |
New York and Other States [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | [1] | 163 | 812 | 645 | 1,917 |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | [1] | 104 | 145 | 322 | 523 |
Florida [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | 9 | 35 | 15 | 186 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | 1 | 72 | 4 | 72 | |
Commercial [Member] | |||||
Allowance for loan losses by portfolio segment [Roll Forward] | |||||
Balance at beginning of period | 4,195 | 4,596 | 4,324 | 4,929 | |
Loans charged off [Abstract] | |||||
Total loan charge offs | 0 | 0 | 0 | 72 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | 2 | 0 | 9 | 8 | |
Net loans charged off (recoveries) | (2) | 0 | (9) | 64 | |
Provision (recoveries) for loan losses | (65) | 24 | (201) | (245) | |
Balance at end of period | 4,132 | 4,620 | 4,132 | 4,620 | |
Commercial [Member] | New York and Other States [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | [1] | 0 | 0 | 0 | 72 |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | [1] | 2 | 0 | 9 | 8 |
Commercial [Member] | Florida [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | 0 | 0 | 0 | 0 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | 0 | 0 | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | |||||
Allowance for loan losses by portfolio segment [Roll Forward] | |||||
Balance at beginning of period | 39,471 | 38,871 | 39,077 | 38,231 | |
Loans charged off [Abstract] | |||||
Total loan charge offs | 94 | 778 | 464 | 1,866 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | 97 | 209 | 289 | 566 | |
Net loans charged off (recoveries) | (3) | 569 | 175 | 1,300 | |
Provision (recoveries) for loan losses | 227 | 434 | 799 | 1,805 | |
Balance at end of period | 39,701 | 38,736 | 39,701 | 38,736 | |
Real Estate Mortgage - 1 to 4 Family [Member] | New York and Other States [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | [1] | 94 | 747 | 464 | 1,699 |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | [1] | 97 | 137 | 289 | 494 |
Real Estate Mortgage - 1 to 4 Family [Member] | Florida [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | 0 | 31 | 0 | 167 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | 0 | 72 | 0 | 72 | |
Installment [Member] | |||||
Allowance for loan losses by portfolio segment [Roll Forward] | |||||
Balance at beginning of period | 837 | 695 | 769 | 730 | |
Loans charged off [Abstract] | |||||
Total loan charge offs | 78 | 69 | 196 | 165 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | 6 | 8 | 28 | 21 | |
Net loans charged off (recoveries) | 72 | 61 | 168 | 144 | |
Provision (recoveries) for loan losses | 138 | 92 | 302 | 140 | |
Balance at end of period | 903 | 726 | 903 | 726 | |
Installment [Member] | New York and Other States [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | [1] | 69 | 65 | 181 | 146 |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | [1] | 5 | 8 | 24 | 21 |
Installment [Member] | Florida [Member] | |||||
Loans charged off [Abstract] | |||||
Total loan charge offs | 9 | 4 | 15 | 19 | |
Recoveries of loans previously charged off [Abstract] | |||||
Total recoveries | $ 1 | $ 0 | $ 4 | $ 0 | |
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Loans and Allowance for Loan _7
Loans and Allowance for Loan Losses, Based on Impairment Review Method (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Ending allowance balance attributable to loans [Abstract] | ||||||
Individually evaluated for impairment | $ 0 | $ 0 | ||||
Collectively evaluated for impairment | 44,736 | 44,170 | ||||
Total ending allowance balance | 44,736 | $ 44,503 | 44,170 | $ 44,082 | $ 44,162 | $ 43,890 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 22,537 | 24,280 | ||||
Collectively evaluated for impairment | 3,803,379 | 3,612,127 | ||||
Total loans | 3,825,916 | 3,636,407 | ||||
Commercial [Member] | ||||||
Ending allowance balance attributable to loans [Abstract] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 4,132 | 4,324 | ||||
Total ending allowance balance | 4,132 | 4,195 | 4,324 | 4,620 | 4,596 | 4,929 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 1,961 | 2,248 | ||||
Collectively evaluated for impairment | 189,026 | 183,959 | ||||
Total loans | 190,987 | 186,207 | ||||
1 to 4 Family Residential Real Estate [Member] | ||||||
Ending allowance balance attributable to loans [Abstract] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 39,701 | 39,077 | ||||
Total ending allowance balance | 39,701 | 39,471 | 39,077 | 38,736 | 38,871 | 38,231 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 20,576 | 22,032 | ||||
Collectively evaluated for impairment | 3,604,386 | 3,419,405 | ||||
Total loans | 3,624,962 | 3,441,437 | ||||
Installment [Member] | ||||||
Ending allowance balance attributable to loans [Abstract] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 903 | 769 | ||||
Total ending allowance balance | 903 | $ 837 | 769 | $ 726 | $ 695 | $ 730 |
Loans [Abstract] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 9,967 | 8,763 | ||||
Total loans | $ 9,967 | $ 8,763 |
Loans and Allowance for Loan _8
Loans and Allowance for Loan Losses, Impaired Receivables (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | ||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | $ 22,537 | $ 24,280 | |
Unpaid Principal Balance | 30,849 | 26,310 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 23,224 | 24,750 | |
New York and Other States [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | [1] | 19,710 | 20,974 |
Unpaid Principal Balance | [1] | 26,853 | 22,898 |
Related Allowance | [1] | 0 | 0 |
Average Recorded Investment | [1] | 20,159 | 21,762 |
Florida [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 2,827 | 3,306 | |
Unpaid Principal Balance | 3,996 | 3,412 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 3,065 | 2,988 | |
Commercial [Member] | Commercial Real Estate [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 1,648 | 2,148 | |
Unpaid Principal Balance | 1,818 | 3,120 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 1,626 | 2,711 | |
Commercial [Member] | Commercial Real Estate [Member] | New York and Other States [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | [1] | 1,534 | 2,148 |
Unpaid Principal Balance | [1] | 1,704 | 3,120 |
Related Allowance | [1] | 0 | 0 |
Average Recorded Investment | [1] | 1,597 | 2,711 |
Commercial [Member] | Commercial Real Estate [Member] | Florida [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 114 | 0 | |
Unpaid Principal Balance | 114 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 29 | 0 | |
Commercial [Member] | Other [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 313 | 100 | |
Unpaid Principal Balance | 313 | 100 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 191 | 87 | |
Commercial [Member] | Other [Member] | New York and Other States [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | [1] | 313 | 100 |
Unpaid Principal Balance | [1] | 313 | 100 |
Related Allowance | [1] | 0 | 0 |
Average Recorded Investment | [1] | 191 | 87 |
Commercial [Member] | Other [Member] | Florida [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 17,280 | 18,557 | |
Unpaid Principal Balance | 23,014 | 19,353 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 17,977 | 18,843 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | New York and Other States [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | [1] | 14,906 | 15,850 |
Unpaid Principal Balance | [1] | 20,283 | 16,540 |
Related Allowance | [1] | 0 | 0 |
Average Recorded Investment | [1] | 15,418 | 16,508 |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | Florida [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 2,374 | 2,707 | |
Unpaid Principal Balance | 2,731 | 2,813 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 2,559 | 2,335 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 342 | 359 | |
Unpaid Principal Balance | 566 | 380 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 349 | 355 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | New York and Other States [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | [1] | 257 | 270 |
Unpaid Principal Balance | [1] | 471 | 291 |
Related Allowance | [1] | 0 | 0 |
Average Recorded Investment | [1] | 262 | 263 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | Florida [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 85 | 89 | |
Unpaid Principal Balance | 95 | 89 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 87 | 92 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 2,954 | 3,116 | |
Unpaid Principal Balance | 5,138 | 3,357 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 3,081 | 2,754 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | New York and Other States [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | [1] | 2,700 | 2,606 |
Unpaid Principal Balance | [1] | 4,082 | 2,847 |
Related Allowance | [1] | 0 | 0 |
Average Recorded Investment | [1] | 2,691 | 2,193 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | Florida [Member] | |||
Impaired loans by loans class [Abstract] | |||
Recorded Investment | 254 | 510 | |
Unpaid Principal Balance | 1,056 | 510 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | $ 390 | $ 561 | |
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Loans and Allowance for Loan _9
Loans and Allowance for Loan Losses, Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018USD ($)Contract | Sep. 30, 2017USD ($)Contract | Sep. 30, 2018USD ($)Contract | Sep. 30, 2017USD ($)Contract | Dec. 31, 2017USD ($) | ||
Trouble Debt Restructuring Receivable [Abstract] | ||||||
TDR's classifications from previously performing loans | $ 11,300 | $ 11,300 | $ 11,800 | |||
New York and Other States [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | [1] | 8 | 10 | 14 | 37 | |
Pre-Modification Outstanding Recorded Investment | [1] | $ 804 | $ 1,237 | $ 1,608 | $ 5,203 | |
Post-Modification Outstanding Recorded Investment | [1] | $ 804 | $ 1,237 | $ 1,608 | $ 5,203 | |
Florida [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | 0 | 2 | 0 | 8 | ||
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 251 | $ 0 | $ 788 | ||
Post-Modification Outstanding Recorded Investment | $ 0 | $ 251 | $ 0 | $ 788 | ||
Commercial [Member] | Commercial Real Estate [Member] | New York and Other States [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | [1] | 0 | 0 | 0 | 3 | |
Pre-Modification Outstanding Recorded Investment | [1] | $ 0 | $ 0 | $ 0 | $ 747 | |
Post-Modification Outstanding Recorded Investment | [1] | $ 0 | $ 0 | $ 0 | $ 747 | |
Commercial [Member] | Commercial Real Estate [Member] | Florida [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | 0 | 0 | 0 | 0 | ||
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 | ||
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 | ||
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | New York and Other States [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | [1] | 6 | 7 | 10 | 25 | |
Pre-Modification Outstanding Recorded Investment | [1] | $ 791 | $ 941 | $ 1,386 | $ 3,986 | |
Post-Modification Outstanding Recorded Investment | [1] | $ 791 | $ 941 | $ 1,386 | $ 3,986 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | Florida [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | 0 | 2 | 0 | 7 | ||
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 251 | $ 0 | $ 718 | ||
Post-Modification Outstanding Recorded Investment | $ 0 | $ 251 | $ 0 | $ 718 | ||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | New York and Other States [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | [1] | 1 | 0 | 1 | 1 | |
Pre-Modification Outstanding Recorded Investment | [1] | $ 6 | $ 0 | $ 6 | $ 13 | |
Post-Modification Outstanding Recorded Investment | [1] | $ 6 | $ 0 | $ 6 | $ 13 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | Florida [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | 0 | 0 | 0 | 0 | ||
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 | ||
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 | ||
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | New York and Other States [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | [1] | 1 | 3 | 3 | 8 | |
Pre-Modification Outstanding Recorded Investment | [1] | $ 7 | $ 296 | $ 216 | $ 457 | |
Post-Modification Outstanding Recorded Investment | [1] | $ 7 | $ 296 | $ 216 | $ 457 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | Florida [Member] | ||||||
Modified loans by class determined to be TDR's [Abstract] | ||||||
Number of Contracts | Contract | 0 | 0 | 0 | 1 | ||
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 70 | ||
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 70 | ||
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Loans and Allowance for Loan_10
Loans and Allowance for Loan Losses, Modified Loans Payment Status (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($)Contract | Sep. 30, 2017USD ($)Contract | Sep. 30, 2018USD ($)Contract | Sep. 30, 2017USD ($)Contract | ||
Loans and Allowance for Loan Losses [Abstract] | |||||
Deferral period of chapter 13 bankruptcies | 60 months | ||||
Number of days past due when loans are considered to be in payment default | 90 days | ||||
Contractual past due period for loans to be in payment default | 30 days | ||||
New York and Other States [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | [1] | 1 | 2 | 2 | 3 |
Recorded Investment | $ | [1] | $ 101 | $ 236 | $ 104 | $ 239 |
Florida [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | 0 | 0 | 1 | 2 | |
Recorded Investment | $ | $ 0 | $ 0 | $ 72 | $ 147 | |
Commercial [Member] | Commercial Real Estate [Member] | New York and Other States [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | [1] | 0 | 0 | 0 | 0 |
Recorded Investment | $ | [1] | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial [Member] | Commercial Real Estate [Member] | Florida [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | 0 | 0 | 0 | 0 | |
Recorded Investment | $ | $ 0 | $ 0 | $ 0 | $ 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | New York and Other States [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | [1] | 1 | 2 | 1 | 2 |
Recorded Investment | $ | [1] | $ 101 | $ 236 | $ 101 | $ 236 |
Real Estate Mortgage - 1 to 4 Family [Member] | First Mortgages [Member] | Florida [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | 0 | 0 | 1 | 1 | |
Recorded Investment | $ | $ 0 | $ 0 | $ 72 | $ 77 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | New York and Other States [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | [1] | 0 | 0 | 0 | 0 |
Recorded Investment | $ | [1] | $ 0 | $ 0 | $ 0 | $ 0 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Loans [Member] | Florida [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | 0 | 0 | 0 | 0 | |
Recorded Investment | $ | $ 0 | $ 0 | $ 0 | $ 0 | |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | New York and Other States [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | [1] | 0 | 0 | 1 | 1 |
Recorded Investment | $ | [1] | $ 0 | $ 0 | $ 3 | $ 3 |
Real Estate Mortgage - 1 to 4 Family [Member] | Home Equity Lines of Credit [Member] | Florida [Member] | |||||
Loans modified for which there was payment default [Abstract] | |||||
Number of Contracts | Contract | 0 | 0 | 0 | 1 | |
Recorded Investment | $ | $ 0 | $ 0 | $ 0 | $ 70 | |
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Loans and Allowance for Loan_11
Loans and Allowance for Loan Losses, Risk Category of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Loans and Leases Receivable [Abstract] | |||
Total loans, net | $ 3,825,916 | $ 3,636,407 | |
Non-accrual loans included in classified loans | 2,000 | 1,500 | |
New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 2,914,396 | 2,795,993 |
Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 911,520 | 840,414 | |
Commercial [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 190,987 | 186,207 | |
Commercial [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 178,452 | 172,974 |
Commercial [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 12,535 | 13,233 | |
Commercial [Member] | Pass [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 184,512 | 175,857 | |
Commercial [Member] | Pass [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 172,091 | 162,742 |
Commercial [Member] | Pass [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 12,421 | 13,115 | |
Commercial [Member] | Classified [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 6,475 | 10,350 | |
Commercial [Member] | Classified [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 6,361 | 10,232 |
Commercial [Member] | Classified [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 114 | 118 | |
Commercial [Member] | Commercial Real Estate [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 166,487 | 161,892 | |
Commercial [Member] | Commercial Real Estate [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 154,206 | 149,368 |
Commercial [Member] | Commercial Real Estate [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 12,281 | 12,524 | |
Commercial [Member] | Commercial Real Estate [Member] | Pass [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 161,197 | 153,212 | |
Commercial [Member] | Commercial Real Estate [Member] | Pass [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 149,030 | 140,806 |
Commercial [Member] | Commercial Real Estate [Member] | Pass [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 12,167 | 12,406 | |
Commercial [Member] | Commercial Real Estate [Member] | Classified [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 5,290 | 8,680 | |
Commercial [Member] | Commercial Real Estate [Member] | Classified [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 5,176 | 8,562 |
Commercial [Member] | Commercial Real Estate [Member] | Classified [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 114 | 118 | |
Commercial [Member] | Other [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 24,500 | 24,315 | |
Commercial [Member] | Other [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 24,246 | 23,606 |
Commercial [Member] | Other [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 254 | 709 | |
Commercial [Member] | Other [Member] | Pass [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 23,315 | 22,645 | |
Commercial [Member] | Other [Member] | Pass [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 23,061 | 21,936 |
Commercial [Member] | Other [Member] | Pass [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 254 | 709 | |
Commercial [Member] | Other [Member] | Classified [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | 1,185 | 1,670 | |
Commercial [Member] | Other [Member] | Classified [Member] | New York and Other States [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | [1] | 1,185 | 1,670 |
Commercial [Member] | Other [Member] | Classified [Member] | Florida [Member] | |||
Loans and Leases Receivable [Abstract] | |||
Total loans, net | $ 0 | $ 0 | |
[1] | Includes New York, New Jersey, Vermont and Massachusetts. |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments, Assets and Liabilities Measured at Fair Value Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Securities available for sale [Abstract] | |||
Fair Value | $ 507,882 | $ 571,965 | |
Fair value assets transfers from Level 1 to Level 2 | 0 | $ 0 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Securities available for sale [Abstract] | |||
Fair Value | 0 | 35 | |
Significant Other Observable Inputs (Level 2) [Member] | |||
Securities available for sale [Abstract] | |||
Fair Value | 507,882 | 571,930 | |
Significant Unobservable Inputs (Level 3) [Member] | |||
Securities available for sale [Abstract] | |||
Fair Value | 0 | 0 | |
Carrying Value [Member] | |||
Securities available for sale [Abstract] | |||
Fair Value | 507,882 | 571,965 | |
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Securities available for sale [Abstract] | |||
U.S. government sponsored enterprises | 0 | 0 | |
State and political subdivisions | 0 | 0 | |
Mortgage backed securities and collateralized mortgage obligations - residential | 0 | 0 | |
Corporate bonds | 0 | 0 | |
Small Business Administration - guaranteed participation securities | 0 | 0 | |
Other securities | 0 | 0 | |
Fair Value | 0 | 0 | |
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||
Securities available for sale [Abstract] | |||
U.S. government sponsored enterprises | 150,053 | 137,851 | |
State and political subdivisions | 180 | 525 | |
Mortgage backed securities and collateralized mortgage obligations - residential | 269,093 | 325,683 | |
Corporate bonds | 29,977 | 40,162 | |
Small Business Administration - guaranteed participation securities | 57,894 | 67,059 | |
Other securities | 685 | 685 | |
Fair Value | 507,882 | 571,965 | |
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Securities available for sale [Abstract] | |||
U.S. government sponsored enterprises | 0 | 0 | |
State and political subdivisions | 0 | 0 | |
Mortgage backed securities and collateralized mortgage obligations - residential | 0 | 0 | |
Corporate bonds | 0 | 0 | |
Small Business Administration - guaranteed participation securities | 0 | 0 | |
Other securities | 0 | 0 | |
Fair Value | 0 | 0 | |
Recurring [Member] | Carrying Value [Member] | |||
Securities available for sale [Abstract] | |||
U.S. government sponsored enterprises | 150,053 | 137,851 | |
State and political subdivisions | 180 | 525 | |
Mortgage backed securities and collateralized mortgage obligations - residential | 269,093 | 325,683 | |
Corporate bonds | 29,977 | 40,162 | |
Small Business Administration - guaranteed participation securities | 57,894 | 67,059 | |
Other securities | 685 | 685 | |
Fair Value | $ 507,882 | $ 571,965 |
Fair Value of Financial Instr_4
Fair Value of Financial Instruments, Assets and Liabilities Measured at Fair Value Non-recurring Basis (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Assets measured at fair value on a non-recurring basis [Abstract] | |||
us-gaap_MarketApproachValuationTechniqueMember | us-gaap:OtherRealEstateOwnedValuationTechniqueExtensibleList | us-gaap:OtherRealEstateOwnedValuationTechniqueExtensibleList | us-gaap:OtherRealEstateOwnedValuationTechniqueExtensibleList |
us-gaap_MeasurementInputComparabilityAdjustmentMember | us-gaap:OtherRealEstateOwnedMeasurementInputExtensibleList | us-gaap:OtherRealEstateOwnedMeasurementInputExtensibleList | us-gaap:OtherRealEstateOwnedMeasurementInputExtensibleList |
Impaired loans [Abstract] | |||
Other real estate owned, commercial real estate | $ 560 | $ 560 | $ 541 |
Other real estate owned, residential real estate properties | 1,700 | 1,700 | 2,700 |
Valuation charge on other real estate owned | 60 | 674 | 1,100 |
Impaired loans | 22,537 | 22,537 | 24,280 |
Collateral dependent impaired loans | 326 | 326 | 844 |
Gross charge offs, commercial impaired loans | 0 | 0 | |
Gross charge offs, residential impaired loans | 0 | 70 | 151 |
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Assets measured at fair value on a non-recurring basis [Abstract] | |||
Other Real Estate | 0 | 0 | 0 |
Impaired loans [Abstract] | |||
Real estate mortgage - 1 to 4 family | 0 | 0 | 0 |
Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||
Assets measured at fair value on a non-recurring basis [Abstract] | |||
Other Real Estate | 0 | 0 | 0 |
Impaired loans [Abstract] | |||
Real estate mortgage - 1 to 4 family | 0 | 0 | 0 |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Assets measured at fair value on a non-recurring basis [Abstract] | |||
Other Real Estate | 2,306 | 2,306 | 3,246 |
Impaired loans [Abstract] | |||
Real estate mortgage - 1 to 4 family | $ 326 | $ 326 | $ 844 |
Nonrecurring [Member] | Minimum [Member] | |||
Assets measured at fair value on a non-recurring basis [Abstract] | |||
Other real estate owned, unobservable inputs | 0.01 | 0.01 | 0.01 |
Nonrecurring [Member] | Maximum [Member] | |||
Assets measured at fair value on a non-recurring basis [Abstract] | |||
Other real estate owned, unobservable inputs | 0.14 | 0.14 | 0.14 |
Nonrecurring [Member] | Weighted Average [Member] | |||
Assets measured at fair value on a non-recurring basis [Abstract] | |||
Other real estate owned, unobservable inputs | 0.07 | 0.07 | 0.07 |
Nonrecurring [Member] | Real Estate Mortgage - 1 to 4 Family [Member] | Minimum [Member] | Sales Comparison Approach [Member] | Adjustments for Differences Between Comparable Sales [Member] | |||
Impaired loans [Abstract] | |||
Impaired loans, unobservable inputs | 0.05 | 0.05 | 0.05 |
Nonrecurring [Member] | Real Estate Mortgage - 1 to 4 Family [Member] | Maximum [Member] | Sales Comparison Approach [Member] | Adjustments for Differences Between Comparable Sales [Member] | |||
Impaired loans [Abstract] | |||
Impaired loans, unobservable inputs | 0.14 | 0.14 | 0.14 |
Nonrecurring [Member] | Real Estate Mortgage - 1 to 4 Family [Member] | Weighted Average [Member] | Sales Comparison Approach [Member] | Adjustments for Differences Between Comparable Sales [Member] | |||
Impaired loans [Abstract] | |||
Impaired loans, unobservable inputs | 0.1 | 0.1 | 0.1 |
Nonrecurring [Member] | Carrying Value [Member] | |||
Assets measured at fair value on a non-recurring basis [Abstract] | |||
Other Real Estate | $ 2,306 | $ 2,306 | $ 3,246 |
Impaired loans [Abstract] | |||
Real estate mortgage - 1 to 4 family | $ 326 | $ 326 | $ 844 |
Fair Value of Financial Instr_5
Fair Value of Financial Instruments, Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Financial assets [Abstract] | ||||
Cash and cash equivalents | $ 465,449 | $ 612,740 | $ 624,197 | $ 707,274 |
Securities available for sale | 507,882 | 571,965 | ||
Held to maturity securities | 23,849 | 28,701 | ||
Net loans | 3,719,619 | 3,598,213 | ||
Accrued interest receivable | 11,552 | 11,441 | ||
Financial liabilities [Abstract] | ||||
Demand deposits | 403,047 | 398,399 | ||
Interest bearing deposits | 3,784,585 | 3,784,174 | ||
Short-term borrowings | 176,377 | 242,991 | ||
Accrued interest payable | 778 | 537 | ||
Level 1 [Member] | ||||
Financial assets [Abstract] | ||||
Cash and cash equivalents | 465,449 | 612,740 | ||
Securities available for sale | 0 | 35 | ||
Held to maturity securities | 0 | 0 | ||
Net loans | 0 | 0 | ||
Accrued interest receivable | 100 | 243 | ||
Financial liabilities [Abstract] | ||||
Demand deposits | 403,047 | 398,399 | ||
Interest bearing deposits | 2,640,883 | 2,707,961 | ||
Short-term borrowings | 0 | 0 | ||
Accrued interest payable | 92 | 77 | ||
Level 2 [Member] | ||||
Financial assets [Abstract] | ||||
Cash and cash equivalents | 0 | 0 | ||
Securities available for sale | 507,882 | 571,930 | ||
Held to maturity securities | 23,849 | 28,701 | ||
Net loans | 0 | 0 | ||
Accrued interest receivable | 2,242 | 2,440 | ||
Financial liabilities [Abstract] | ||||
Demand deposits | 0 | 0 | ||
Interest bearing deposits | 1,143,702 | 1,076,213 | ||
Short-term borrowings | 176,377 | 242,991 | ||
Accrued interest payable | 686 | 460 | ||
Level 3 [Member] | ||||
Financial assets [Abstract] | ||||
Cash and cash equivalents | 0 | 0 | ||
Securities available for sale | 0 | 0 | ||
Held to maturity securities | 0 | 0 | ||
Net loans | 3,719,619 | 3,598,213 | ||
Accrued interest receivable | 9,210 | 8,758 | ||
Financial liabilities [Abstract] | ||||
Demand deposits | 0 | 0 | ||
Interest bearing deposits | 0 | 0 | ||
Short-term borrowings | 0 | 0 | ||
Accrued interest payable | 0 | 0 | ||
Carrying Value [Member] | ||||
Financial assets [Abstract] | ||||
Cash and cash equivalents | 465,449 | 612,740 | ||
Securities available for sale | 507,882 | 571,965 | ||
Held to maturity securities | 23,462 | 27,551 | ||
Federal Reserve Bank and Federal Home Loan Bank stock | 8,953 | 8,779 | ||
Net loans | 3,781,180 | 3,592,237 | ||
Accrued interest receivable | 11,552 | 11,441 | ||
Financial liabilities [Abstract] | ||||
Demand deposits | 403,047 | 398,399 | ||
Interest bearing deposits | 3,796,877 | 3,774,927 | ||
Short-term borrowings | 176,377 | 242,991 | ||
Accrued interest payable | $ 778 | $ 537 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||||
Balance | $ 458,308 | $ 432,686 | |||
Other comprehensive income (loss) - before reclassifications | $ (3,010) | $ 562 | (9,556) | 3,275 | |
Amount reclassified from accumulated other comprehensive income | (194) | (29) | (1,638) | (84) | |
Other comprehensive (loss) income, net of tax | (3,204) | 533 | (9,848) | 3,191 | |
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect | (1,346) | (1,346) | $ (1,346) | ||
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect | 0 | ||||
Balance | 477,118 | 454,928 | 477,118 | 454,928 | |
Accumulated Other Comprehensive (Loss) Income [Member] | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||||
Balance | (9,796) | (3,593) | (1,806) | (6,251) | |
Other comprehensive (loss) income, net of tax | (9,848) | 3,191 | |||
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect | (1,346) | ||||
Balance | (13,000) | (3,060) | (13,000) | (3,060) | |
Net Unrealized Holding Gain (Loss) on Securities Available for Sale, Net of Tax [Member] | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||||
Balance | (11,576) | (4,049) | (5,030) | (6,762) | |
Other comprehensive income (loss) - before reclassifications | (3,010) | 562 | (9,556) | 3,275 | |
Amount reclassified from accumulated other comprehensive income | 0 | 0 | 0 | 0 | |
Other comprehensive (loss) income, net of tax | (3,010) | 562 | (9,556) | 3,275 | |
Balance | (14,586) | (3,487) | (14,586) | (3,487) | |
Net Change in Net Actuarial (Gain) loss and Prior Service Cost on Pension and Postretirement Benefit Plans, Net of Tax [Member] | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | |||||
Balance | 3,126 | 456 | 3,224 | 511 | |
Other comprehensive income (loss) - before reclassifications | 0 | 0 | 0 | 0 | |
Amount reclassified from accumulated other comprehensive income | (194) | (29) | (292) | (84) | |
Other comprehensive (loss) income, net of tax | (194) | (29) | (292) | (84) | |
Balance | $ 2,932 | $ 427 | $ 2,932 | $ 427 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income (Loss), Reclassifications out of accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Reclassification Adjustment Out of Accumulated Other Comprehensive Income [Abstract] | ||||
Salaries and employee benefits | $ 10,761 | $ 10,360 | $ 31,924 | $ 30,129 |
Income tax effect | 4,935 | 7,361 | 14,470 | 21,264 |
Net income | 15,199 | 12,596 | 45,412 | 35,783 |
Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Reclassification Adjustment Out of Accumulated Other Comprehensive Income [Abstract] | ||||
Net income | 194 | 29 | 292 | 84 |
Amortization of Pension and Postretirement Benefit Items [Member] | Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Reclassification Adjustment Out of Accumulated Other Comprehensive Income [Abstract] | ||||
Income tax effect | (68) | (20) | (103) | (56) |
Net income | 194 | 29 | 292 | 84 |
Amortization of Net Actuarial Gain [Member] | Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Reclassification Adjustment Out of Accumulated Other Comprehensive Income [Abstract] | ||||
Salaries and employee benefits | 189 | 72 | 367 | 208 |
Amortization of Prior Service Cost [Member] | Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Reclassification Adjustment Out of Accumulated Other Comprehensive Income [Abstract] | ||||
Salaries and employee benefits | $ 73 | $ (23) | $ 28 | $ (68) |
Revenue from Contracts with C_3
Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Sources of non-interest income [Abstract] | |||||
Other | [1] | $ 876 | $ 824 | $ 2,303 | $ 2,286 |
Total non-interest income | 4,455 | 4,854 | 13,629 | 14,085 | |
Overdraft Fees [Member] | |||||
Sources of non-interest income [Abstract] | |||||
Non-interest income | 935 | 921 | 2,586 | 2,657 | |
Other [Member] | |||||
Sources of non-interest income [Abstract] | |||||
Non-interest income | 125 | 124 | 335 | 357 | |
Interchange Income [Member] | |||||
Sources of non-interest income [Abstract] | |||||
Non-interest income | 1,003 | 1,141 | 3,478 | 3,658 | |
Wealth Management Fees [Member] | |||||
Sources of non-interest income [Abstract] | |||||
Non-interest income | $ 1,516 | $ 1,844 | $ 4,927 | $ 5,127 | |
[1] | Not within the scope of ASC 606. |