Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5 – LOANS The following tables set forth by class of loans the amount of loans individually and collectively evaluated for impairment and the portion of the allowance for loan losses allocable to such loans. March 31, 2017 Loans Allowance for Loan Losses Individually Evaluated for Impairment Collectively Evaluated for Impairment Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Ending Balance (in thousands) Commercial and industrial $ 65 $ 123,110 $ 123,175 $ - $ 1,527 $ 1,527 Commercial mortgages: Multifamily - 597,584 597,584 - 5,806 5,806 Other - 390,375 390,375 - 4,303 4,303 Owner-occupied 549 104,879 105,428 - 998 998 Residential mortgages: Closed end 884 1,360,987 1,361,871 44 16,714 16,758 Revolving home equity 1,760 85,882 87,642 513 826 1,339 Consumer and other - 9,206 9,206 - 112 112 $ 3,258 $ 2,672,023 $ 2,675,281 $ 557 $ 30,286 $ 30,843 December 31, 2016 Commercial and industrial $ 131 $ 125,907 $ 126,038 $ - $ 1,408 $ 1,408 Commercial mortgages: Multifamily - 610,385 610,385 - 6,119 6,119 Other - 371,142 371,142 - 4,296 4,296 Owner-occupied 558 103,113 103,671 - 959 959 Residential mortgages: Closed end 856 1,237,575 1,238,431 45 15,695 15,740 Revolving home equity 1,770 84,691 86,461 482 919 1,401 Consumer and other - 9,293 9,293 - 134 134 $ 3,315 $ 2,542,106 $ 2,545,421 $ 527 $ 29,530 $ 30,057 The following tables present the activity in the allowance for loan losses for the three March 31, 2017 2016. Balance at 1/1/17 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 3/31/17 (in thousands) Commercial and industrial $ 1,408 $ 6 $ 3 $ 122 $ 1,527 Commercial mortgages: Multifamily 6,119 - - (313 ) 5,806 Other 4,296 - - 7 4,303 Owner-occupied 959 - - 39 998 Residential mortgages: Closed end 15,740 - 1 1,017 16,758 Revolving home equity 1,401 - - (62 ) 1,339 Consumer and other 134 - - (22 ) 112 $ 30,057 $ 6 $ 4 $ 788 $ 30,843 Balance at 1/1/16 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 3/31/16 (in thousands) Commercial and industrial $ 928 $ - $ 4 $ 180 $ 1,112 Commercial mortgages: Multifamily 6,858 - - (53 ) 6,805 Other 3,674 - - 179 3,853 Owner-occupied 1,047 - - 46 1,093 Residential mortgages: Closed end 13,639 - 8 (4 ) 13,643 Revolving home equity 1,016 - 3 (92 ) 927 Consumer and other 94 - - (3 ) 91 $ 27,256 $ - $ 15 $ 253 $ 27,524 For individually impaired loans, the following tables set forth by class of loans at March 31, 2017 December 31, 2016 three March 31, 2017 2016. Three Months Ended March 31, 2017 March 31, 2017 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (in thousands) With no related allowance recorded: Commercial and industrial $ 65 $ 65 $ - $ 99 $ 2 Commercial mortgages - owner occupied 549 632 - 552 4 Residential mortgages: Closed end 266 355 - 272 - Revolving home equity 280 279 - 280 - With an allowance recorded: Residential mortgages: Closed end 618 627 44 621 12 Revolving home equity 1,480 1,480 513 1,483 - Total: Commercial and industrial 65 65 - 99 2 Commercial mortgages - owner occupied 549 632 - 552 4 Residential mortgages: Closed end 884 982 44 893 12 Revolving home equity 1,760 1,759 513 1,763 - $ 3,258 $ 3,438 $ 557 $ 3,307 $ 18 Three Months Ended December 31, 2016 March 31, 2016 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (in thousands) With no related allowance recorded: Commercial and industrial $ 131 $ 131 $ - $ - $ - Commercial mortgages - owner-occupied 558 636 - 589 - Residential mortgages: Closed end 230 313 - 300 - Revolving home equity 280 279 - 521 2 With an allowance recorded: Residential mortgages: Closed end 626 634 45 3,475 34 Revolving home equity 1,490 1,491 482 - - Total: Commercial and industrial 131 131 - - - Commercial mortgages - owner-occupied 558 636 - 589 - Residential mortgages: Closed end 856 947 45 3,775 34 Revolving home equity 1,770 1,770 482 521 2 $ 3,315 $ 3,484 $ 527 $ 4,885 $ 36 Aging of Loans . The following tables present the aging of the recorded investment in loans by class of loans. March 31, 2017 30-59 Days Past Due 60-89 Days Past Due Past Due 90 Days or More and Still Accruing Nonaccrual Loans Total Past Due Loans & Nonaccrual Loans Current Total Loans (in thousands) Commercial and industrial $ 213 $ - $ - $ 65 $ 278 $ 122,897 $ 123,175 Commercial mortgages: Multifamily - - - - - 597,584 597,584 Other - - - - - 390,375 390,375 Owner-occupied - - - - - 105,428 105,428 Residential mortgages: Closed end - 1,371 - 266 1,637 1,360,234 1,361,871 Revolving home equity - 257 - 1,760 2,017 85,625 87,642 Consumer and other 19 - - - 19 9,187 9,206 $ 232 $ 1,628 $ - $ 2,091 $ 3,951 $ 2,671,330 $ 2,675,281 December 31, 2016 Commercial and industrial $ 224 $ - $ - $ - $ 224 $ 125,814 $ 126,038 Commercial mortgages: Multifamily - - - - - 610,385 610,385 Other - - - - - 371,142 371,142 Owner-occupied - - 621 558 1,179 102,492 103,671 Residential mortgages: Closed end 881 - - 230 1,111 1,237,320 1,238,431 Revolving home equity - - - 1,770 1,770 84,691 86,461 Consumer and other 1 - - - 1 9,292 9,293 $ 1,106 $ - $ 621 $ 2,558 $ 4,285 $ 2,541,136 $ 2,545,421 The loans in the preceding table that were past due 90 December 31, 2016 March 31, 2017 December 31, 2016. Troubled Debt Restructurings. A restructuring constitutes a troubled debt restructuring when it includes a concession by the Bank and the borrower is experiencing financial difficulty. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. The Bank performs the evaluation under its internal underwriting policy. During the three March 31, 2017 2016, not At March 31, 2017 December 31, 2016, $44,000 $45,000, no There were no troubled debt restructurings for which there was a payment default during the three March 31, 2017 2016 twelve 90 Risk Characteristics . may may Credit Quality Indicators. The Bank categorizes loans into risk categories based on relevant information about the borrower’s ability to service their debt including, but not limited to, current financial information for the borrower and any guarantors, payment experience, credit underwriting documentation, public records and current economic trends. Commercial and industrial loans and commercial mortgage loans are risk rated utilizing a ten ten Internally Assigned Risk Rating 1 – 2 Cash flow is of high quality and stable. Borrower has very good liquidity and ready access to traditional sources of credit. This category also includes loans to borrowers secured by cash and/or marketable securities within approved margin requirements. 3 – 4 Cash flow quality is strong, but shows some variability. Borrower has good liquidity and asset quality. Borrower has access to traditional sources of credit with minimal restrictions. 5 – 6 Cash flow quality is acceptable but shows some variability. Liquidity varies with operating cycle and assets provide an adequate margin of protection. Borrower has access to traditional sources of credit, but generally on a secured basis. 7 Watch - Cash flow has a high degree of variability and subject to economic downturns. Liquidity is strained and the ability of the borrower to access traditional sources of credit is diminished. 8 Special Mention - The borrower has potential weaknesses that deserve management ’s close attention. If left uncorrected, these potential weaknesses may 9 Substandard - Loans are inadequately protected by the current sound worth and paying capacity of the borrower or the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. 10 Doubtful - Loans have all the inherent weaknesses of those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Risk ratings on commercial and industrial loans and commercial mortgages are initially assigned by the lending officer together with any necessary approval authority. The ratings are periodically reviewed and evaluated based upon borrower contact, credit department review or independent loan review. The Bank's loan risk rating and review policy establishes requirements for the annual review of commercial real estate and commercial and industrial loans. The requirements include details of the scope of coverage and selection process based on loan-type and risk rating. Among other things, at least 60% December 31 Residential mortgage loans, revolving home equity lines and other consumer loans are risk rated utilizing a three 3. 680 Internally Assigned Risk Rating 1 Credit score is equal to or greater than 680. 2 Credit score is 635 679. 3 Credit score is below 635 or, regardless of credit score, the loan has been classified, criticized or placed on watch. The following tables present t he recorded investment in commercial and industrial loans and commercial mortgage loans by class of loans and risk rating. Loans shown as Pass are all loans other than those risk rated Watch, Special Mention, Substandard or Doubtful. March 31, 2017 Internally Assigned Risk Rating Special Pass Watch Mention Substandard Doubtful Total (in thousands) Commercial and industrial $ 122,528 $ 582 $ - $ 65 $ - $ 123,175 Commercial mortgages: Multifamily 590,344 - 7,240 - - 597,584 Other 388,986 1,389 - - - 390,375 Owner-occupied 100,317 3,053 1,509 549 - 105,428 $ 1,202,175 $ 5,024 $ 8,749 $ 614 $ - $ 1,216,562 December 31, 2016 Commercial and industrial $ 125,097 $ 810 $ - $ 131 $ - $ 126,038 Commercial mortgages: Multifamily 603,103 - 7,282 - - 610,385 Other 369,740 1,402 - - - 371,142 Owner-occupied 102,725 389 - 557 - 103,671 $ 1,200,665 $ 2,601 $ 7,282 $ 688 $ - $ 1,211,236 The following tables present t he recorded investment in residential mortgage loans, home equity lines and other consumer loans by class of loans and risk rating. Loans shown as Pass are all loans other than those risk rated Watch, Special Mention, Substandard or Doubtful. March 31, 2017 Internally Assigned Risk Rating Special Pass Watch Mention Substandard Doubtful Total (in thousands) Residential mortgages: Closed end $ 1,358,222 $ 2,335 $ 430 $ 884 $ - $ 1,361,871 Revolving home equity 84,720 661 501 1,760 - 87,642 Consumer and other 8,497 - - - - 8,497 $ 1,451,439 $ 2,996 $ 931 $ 2,644 $ - $ 1,458,010 December 31, 2016 Residential mortgages: Closed end $ 1,236,152 $ 982 $ 441 $ 856 $ - $ 1,238,431 Revolving home equity 84,189 - 501 1,771 - 86,461 Consumer and other 8,614 - - - - 8,614 $ 1,328,955 $ 982 $ 942 $ 2,627 $ - $ 1,333,506 Deposit account overdrafts were $ 709,000 $679,000 March 31, 2017 December 31, 2016, |