The First of Long Island Corporation (FLIC) 10-Q 4 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Entity File Number	001-32964
Entity Registrant Name	THE FIRST OF LONG ISLAND CORPORATION
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	11-2672906
Entity Address, Address Line One	10 Glen Head Road
Entity Address, City or Town	Glen Head
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11545
City Area Code	516
Local Phone Number	671-4900
Title of 12(b) Security	Common stock, $0.10 par value per share
Trading Symbol	FLIC
Security Exchange Name	NASDAQ
Entity Central Index Key	0000740663
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		23,705,750

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 191,002	$ 211,182
Investment securities available-for-sale, at fair value	806,198	662,722
Loans:
Loans	2,953,405	3,033,454
Allowance for credit losses	(30,968)	(33,037)
Total	2,922,437	3,000,417
Restricted stock, at cost	19,901	20,814
Bank premises and equipment, net	37,646	38,830
Right-of-use asset - operating leases	11,176	12,212
Bank-owned life insurance	86,602	85,432
Pension plan assets, net	20,273	20,109
Deferred income tax benefit	434	1,375
Other assets	15,112	16,048
Total assets	4,110,781	4,069,141
Deposits:
Checking	1,318,941	1,208,073
Savings, NOW and money market	1,833,590	1,679,161
Time	231,042	434,354
Total	3,383,573	3,321,588
Short-term borrowings	55,000	60,095
Long-term debt	226,002	246,002
Operating lease liability	11,998	13,046
Accrued expenses and other liabilities	17,564	21,292
Total liabilities	3,694,137	3,662,023
Stockholders' Equity:
Common stock, par value $0.10 per share: Authorized, 80,000,000 shares; Issued and outstanding, 23,695,017 and 23,790,589 shares	2,370	2,379
Surplus	102,636	105,547
Retained earnings	309,256	295,622
Total	414,262	403,548
Accumulated other comprehensive income, net of tax	2,382	3,570
Total Stock Holders' Equity	416,644	407,118
Total Liabilities and Equity	4,110,781	4,069,141
Commercial And Industrial [Member]
Loans:
Loans	84,813	100,015
Allowance for credit losses	(1,008)	(1,416)
SBA Paycheck Protection Program [Member]
Loans:
Loans	94,309	139,487
Allowance for credit losses	(141)	(209)
Commercial Mortgages [Member]
Loans:
Loans	1,479,244	1,421,071
Consumer And Other [Member]
Loans:
Loans	907	2,149
Allowance for credit losses	(4)	(7)
Closed-end [Member] | Residential Mortgages [Member]
Loans:
Loans	1,244,439	1,316,727
Allowance for credit losses	(13,316)	(14,706)
Revolving Home Equity [Member] | Residential Mortgages [Member]
Loans:
Loans	49,693	54,005
Allowance for credit losses	$ (628)	$ (407)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Consolidated Balance Sheets [Abstract]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	23,695,017	23,790,589
Common stock, shares outstanding (in shares)	23,695,017	23,790,589

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest and dividend income:
Loans	$ 26,750	$ 27,957	$ 53,456	$ 56,888
Investment securities:
Taxable	2,245	3,323	4,078	6,749
Nontaxable	2,214	2,501	4,462	5,066
Total interest and dividend income	31,209	33,781	61,996	68,703
Interest expense:
Savings, NOW and money market deposits	1,194	2,359	2,260	6,639
Time deposits	1,593	2,886	3,897	5,928
Short-term borrowings	350	266	700	885
Long-term debt	1,146	2,162	2,311	4,157
Total interest expense	4,283	7,673	9,168	17,609
Net interest income	26,926	26,108	52,828	51,094
Provision (credit) for credit losses	(623)	92	(1,609)	2,450
Net interest income after provision (credit) for credit losses	27,549	26,016	54,437	48,644
Noninterest income:
Investment services income	317	519	791	1,067
Service charges on deposit accounts	735	619	1,418	1,606
Net gains on sales of securities			606
Other	1,775	1,433	3,544	2,916
Total noninterest income	2,827	2,571	6,359	5,589
Noninterest expense:
Salaries and employee benefits	9,845	9,639	19,915	18,913
Occupancy and equipment	3,067	3,061	6,344	6,133
Other	2,917	2,960	6,019	5,472
Total noninterest expense	15,829	15,660	32,278	30,518
Income before income taxes	14,547	12,927	28,518	23,715
Income tax expense	3,159	2,168	5,863	3,808
Net income	$ 11,388	$ 10,759	$ 22,655	$ 19,907
Weighted average:
Common shares	23,735,723	23,838,224	23,758,398	23,871,245
Dilutive stock options and restricted stock units	96,060	23,638	89,776	39,135
Total weighted average	23,831,783	23,861,862	23,848,174	23,910,380
Earnings per share:
Basic	$ 0.48	$ 0.45	$ 0.95	$ 0.83
Diluted	0.48	0.45	0.95	0.83
Cash dividends declared per share	$ 0.19	$ 0.18	$ 0.38	$ 0.36

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 11,388	$ 10,759	$ 22,655	$ 19,907
Other comprehensive income (loss):
Change in net unrealized holding gains on available-for-sale securities	3,747	8,442	(4,120)	(408)
Change in net unrealized loss on derivative instruments	886	362	2,500	(3,402)
Other comprehensive income (loss) before income taxes	4,633	8,804	(1,620)	(3,810)
Income tax benefit	1,426	2,636	(432)	(1,142)
Other comprehensive income (loss)	3,207	6,168	(1,188)	(2,668)
Comprehensive income	$ 14,595	$ 16,927	$ 21,467	$ 17,239

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Common Stock [Member]	Surplus [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Surplus [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Total
Balance (in shares) at Dec. 31, 2019	23,934,632	23,934,632
Balance at Dec. 31, 2019	$ 2,393	$ 2,393	$ 111,744	$ 111,744	$ (2,325)	$ 272,051	$ 274,376	$ 595	$ 595	$ (2,325)	$ 386,783	$ 389,108
Net income							9,148					9,148
Other comprehensive income (loss)									(8,836)			(8,836)
Repurchase of common stock (in shares)		(261,700)
Repurchase of common stock		$ (26)		(5,911)								(5,937)
Shares withheld upon the vesting and conversion of RSUs (in shares)		(66,142)
Shares withheld upon the vesting and conversion of RSUs		$ (6)		(1,521)								(1,527)
Common stock issued under stock compensation plans (in shares)		178,373
Common stock issued under stock compensation plans		$ 18		205								223
Common stock issued under dividend reinvestment and stock purchase plan (in shares)		21,738
Common stock issued under dividend reinvestment and stock purchase plan		$ 2		388								390
Stock-based compensation				251								251
Cash dividends declared							(4,286)					(4,286)
Balance (in shares) at Mar. 31, 2020		23,806,901
Balance at Mar. 31, 2020		$ 2,381		105,156			276,913		(8,241)			376,209
Balance (in shares) at Dec. 31, 2019	23,934,632	23,934,632
Balance at Dec. 31, 2019	$ 2,393	$ 2,393	$ 111,744	111,744	$ (2,325)	$ 272,051	274,376	$ 595	595	$ (2,325)	$ 386,783	389,108
Net income												19,907
Other comprehensive income (loss)												(2,668)
Balance (in shares) at Jun. 30, 2020		23,848,626
Balance at Jun. 30, 2020		$ 2,385		106,047			283,379		(2,073)			389,738
Balance (in shares) at Mar. 31, 2020		23,806,901
Balance at Mar. 31, 2020		$ 2,381		105,156			276,913		(8,241)			376,209
Net income							10,759					10,759
Other comprehensive income (loss)									6,168			6,168
Common stock issued under stock compensation plans (in shares)		41,725
Common stock issued under stock compensation plans		$ 4		32								36
Stock-based compensation				859								859
Cash dividends declared							(4,293)					(4,293)
Balance (in shares) at Jun. 30, 2020		23,848,626
Balance at Jun. 30, 2020		$ 2,385		106,047			283,379		(2,073)			389,738
Balance (in shares) at Dec. 31, 2020		23,790,589
Balance at Dec. 31, 2020		$ 2,379		105,547			295,622		3,570			407,118
Net income							11,267					11,267
Other comprehensive income (loss)									(4,395)			(4,395)
Repurchase of common stock (in shares)		(107,887)
Repurchase of common stock		$ (11)		(1,989)								(2,000)
Shares withheld upon the vesting and conversion of RSUs (in shares)		(16,918)
Shares withheld upon the vesting and conversion of RSUs		$ (2)		(318)								(320)
Common stock issued under stock compensation plans (in shares)		94,627
Common stock issued under stock compensation plans		$ 10		152								162
Common stock issued under dividend reinvestment and stock purchase plan (in shares)		22,341
Common stock issued under dividend reinvestment and stock purchase plan		$ 2		416								418
Stock-based compensation				390								390
Cash dividends declared							(4,518)					(4,518)
Balance (in shares) at Mar. 31, 2021		23,782,752
Balance at Mar. 31, 2021		$ 2,378		104,198			302,371		(825)			408,122
Balance (in shares) at Dec. 31, 2020		23,790,589
Balance at Dec. 31, 2020		$ 2,379		105,547			295,622		3,570			407,118
Net income												22,655
Other comprehensive income (loss)									(1,188)			(1,188)
Balance (in shares) at Jun. 30, 2021		23,695,017
Balance at Jun. 30, 2021		$ 2,370		102,636			309,256		2,382			416,644
Balance (in shares) at Mar. 31, 2021		23,782,752
Balance at Mar. 31, 2021		$ 2,378		104,198			302,371		(825)			408,122
Net income							11,388					11,388
Other comprehensive income (loss)									3,207			3,207
Repurchase of common stock (in shares)		(92,533)
Repurchase of common stock		$ (9)		(2,091)								(2,100)
Shares withheld upon the vesting and conversion of RSUs (in shares)		(1,431)
Shares withheld upon the vesting and conversion of RSUs				(31)								(31)
Common stock issued under stock compensation plans (in shares)		6,229
Common stock issued under stock compensation plans		$ 1		35								36
Stock-based compensation				525								525
Cash dividends declared							(4,503)					(4,503)
Balance (in shares) at Jun. 30, 2021		23,695,017
Balance at Jun. 30, 2021		$ 2,370		$ 102,636			$ 309,256		$ 2,382			$ 416,644

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows From Operating Activities:
Net income	$ 22,655	$ 19,907
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	(1,609)	2,450
Provision (credit) for deferred income taxes	1,373	(1,407)
Depreciation and amortization of premises and equipment	2,062	2,081
Amortization of right-of-use asset - operating leases	1,036	1,091
Premium amortization on investment securities, net	1,178	690
Net gains on sales of securities	(606)
Stock-based compensation expense	915	1,110
Accretion of cash surrender value on bank-owned life insurance	(1,170)	(1,132)
Pension credit	(164)	(131)
Decrease in other liabilities	(2,260)	(5,098)
Other decreases (increases) in assets	1,032	(3,488)
Net cash provided by operating activities	24,442	16,073
Available-for-sale securities:
Proceeds from sales	54,192
Proceeds from maturities and redemptions	65,648	54,761
Purchases	(268,008)	(106,347)
Net decrease in loans	79,589	35,212
Net decrease in restricted stock	913	1,356
Purchases of premises and equipment, net	(909)	(1,527)
Net cash used in investing activities	(68,575)	(16,545)
Cash Flows From Financing Activities:
Net increase in deposits	61,985	178,906
Net decrease in short-term borrowings	(5,095)	(130,691)
Proceeds from long-term debt		120,000
Repayment of long-term debt	(20,000)	(17,500)
Proceeds from issuance of common stock, net of shares withheld	200	(940)
Repurchase of common stock	(4,100)	(5,937)
Cash dividends paid	(9,037)	(8,594)
Net cash provided by financing activities	23,953	135,244
Net increase (decrease) in cash and cash equivalents	(20,180)	134,772
Cash and cash equivalents, beginning of year	211,182	38,968
Cash and cash equivalents, end of period	191,002	173,740
Supplemental Cash Flow Disclosures:
Cash paid for interest	9,654	17,644
Cash paid for income taxes	4,759	4,427
Operating cash flows from operating leases	1,233	1,311
Noncash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease liabilities		423
Cash dividends payable	$ 4,502	$ 4,293

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2021
Basis Of Presentation [Abstract]
Basis Of Presentation	1 - BASIS OF PRESENTATION The accounting and reporting policies of The First of Long Island Corporation (“Corporation”) reflect banking industry practice and conform to generally accepted accounting principles (“GAAP”) in the United States. The consolidated financial statements include the accounts of the Corporation and its wholly-owned subsidiary, The First National Bank of Long Island (“Bank”). The Bank has two wholly owned subsidiaries: FNY Service Corp. and The First of Long Island Agency, Inc. The Bank and FNY Service Corp. jointly own another subsidiary, The First of Long Island REIT, Inc., a real estate investment trust. The consolidated entity is referred to as the “Corporation” and the Bank and its subsidiaries are collectively referred to as the “Bank.” All intercompany balances and amounts have been eliminated. For further information refer to the consolidated financial statements and notes thereto included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2020. The consolidated financial information included herein as of and for the periods ended June 30, 2021 and 2020 is unaudited. However, such information reflects all adjustments which are, in the opinion of management, necessary for a fair statement of results for the interim periods. The December 31, 2020 consolidated balance sheet was derived from the Corporation's December 31, 2020 audited consolidated financial statements. When appropriate, items in the prior year financial statements are reclassified to conform to the current period presentation. Use of Estimates. In preparing the consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported asset and liability balances, revenue and expense amounts, and the disclosures provided, including disclosure of contingent assets and liabilities, based on available information. Actual results could differ significantly from those estimates. Information available which could affect these judgements include, but are not limited to, changes in interest rates, changes in the performance of the economy including the economic impact of the COVID-19 pandemic (“pandemic”) on both the allowance and provision for credit losses, and changes in the financial condition of borrowers.

Comprehensive Income

Comprehensive Income	6 Months Ended
	Jun. 30, 2021
Comprehensive Income [Abstract]
Comprehensive Income	2 - COMPREHENSIVE INCOME Comprehensive income includes net income and other comprehensive income (loss) (“OCI”). OCI includes revenues, expenses, gains and losses that under GAAP are included in comprehensive income but excluded from net income. OCI for the Corporation consists of unrealized holding gains or losses on available-for-sale securities and derivative instruments and changes in the funded status of the Bank’s defined benefit pension plan, all net of related income taxes. Accumulated OCI is recognized as a separate component of stockholders’ equity. The components of OCI and the related tax effects are as follows: Six Months Ended Three Months Ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Change in net unrealized holding gains (losses) on available-for-sale securities: Change arising during the period $ ( 3,514 ) $ ( 408 ) $ 3,747 $ 8,442 Reclassification adjustment for gains included in net income (1) ( 606 ) — — — ( 4,120 ) ( 408 ) 3,747 8,442 Tax effect ( 1,158 ) ( 121 ) 1,153 2,528 ( 2,962 ) ( 287 ) 2,594 5,914 Change in unrealized loss on derivative instrument: Amount of gain (loss) during the period 267 ( 4,768 ) ( 33 ) ( 494 ) Reclassification adjustment for net interest expense included in net income (2) 2,233 1,366 919 856 2,500 ( 3,402 ) 886 362 Tax effect 726 ( 1,021 ) 273 108 1,774 ( 2,381 ) 613 254 Other comprehensive income (loss) $ ( 1,188 ) $ ( 2,668 ) $ 3,207 $ 6,168 (1) Represents net realized gains arising from the sale of available-for-sale securities. These net gains are included in the consolidated statements of income in the line item “Net gains on sales of securities.” (2) Represents the net interest expense recorded on derivative transactions and included in the consolidated statements of income under “Interest expense.” The following table sets forth the components of accumulated OCI, net of tax: Current Balance Period Balance (in thousands) 12/31/20 Change 6/30/21 Unrealized holding gains on available-for-sale securities $ 9,425 $ ( 2,962 ) $ 6,463 Unrealized actuarial loss on pension plan ( 2,153 ) — ( 2,153 ) Unrealized loss on derivative instruments ( 3,702 ) 1,774 ( 1,928 ) Accumulated other comprehensive income, net of tax $ 3,570 $ ( 1,188 ) $ 2,382

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2021
Investment Securities [Abstract]
Investment Securities	3 - INVESTMENT SECURITIES The following tables set forth the amortized cost and estimated fair values of the Bank’s investment securities, all of which were available-for-sale. There was no allowance for credit losses associated with the investment securities portfolio at June 30, 2021 or December 31, 2020. June 30, 2021 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains Losses Value State and municipals $ 331,392 $ 13,359 $ ( 117 ) $ 344,634 Pass-through mortgage securities 225,734 1,136 ( 2,874 ) 223,996 Collateralized mortgage obligations 120,736 171 ( 1,688 ) 119,219 Corporate bonds 119,000 45 ( 696 ) 118,349 $ 796,862 $ 14,711 $ ( 5,375 ) $ 806,198 December 31, 2020 State and municipals $ 348,260 $ 15,951 $ — $ 364,211 Pass-through mortgage securities 128,843 2,881 ( 4 ) 131,720 Collateralized mortgage obligations 53,163 599 ( 51 ) 53,711 Corporate bonds 119,000 — ( 5,920 ) 113,080 $ 649,266 $ 19,431 $ ( 5,975 ) $ 662,722 At June 30, 2021 and December 31, 2020, investment securities with a carrying value of $ 416.4 million and $ 380.7 million, respectively, were pledged as collateral to secure public deposits, borrowed funds and derivative liabilities. There were no holdings of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity at June 30, 2021 and December 31, 2020. Securities With Unrealized Losses. The following tables set forth securities with unrealized losses presented by the length of time the securities have been in a continuous unrealized loss position. June 30, 2021 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Loss Value Loss Value Loss State and municipals $ 13,826 $ ( 117 ) $ — $ — $ 13,826 $ ( 117 ) Pass-through mortgage securities 166,209 ( 2,874 ) — — 166,209 ( 2,874 ) Collateralized mortgage obligations 109,981 ( 1,688 ) — — 109,981 ( 1,688 ) Corporate bonds — — 50,304 ( 696 ) 50,304 ( 696 ) Total temporarily impaired $ 290,016 $ ( 4,679 ) $ 50,304 $ ( 696 ) $ 340,320 $ ( 5,375 ) December 31, 2020 Pass-through mortgage securities $ 1,871 $ ( 4 ) $ — $ — $ 1,871 $ ( 4 ) Collateralized mortgage obligations 24,970 ( 51 ) — — 24,970 ( 51 ) Corporate bonds — — 113,080 ( 5,920 ) 113,080 ( 5,920 ) Total temporarily impaired $ 26,841 $ ( 55 ) $ 113,080 $ ( 5,920 ) $ 139,921 $ ( 5,975 ) State and Municipals At June 30, 2021, approximately $ 13.8 million of state and municipal bonds had an unrealized loss of $ 117,000 . Each of the state and municipal bonds are considered high investment grade and rated Aa2/AA- or higher. The decline in value is attributable to changes in interest rates and illiquidity and not credit quality. The issuers continue to make timely principal and interest payments on the bonds. The Bank does not intend to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery. The fair value is expected to recover as the bonds approach maturity. Pass-through Mortgage Securities At June 30, 2021, approximately $ 166.2 million of pass-through mortgage security had an unrealized loss of $ 2.9 million. These securities were issued by U.S. government-sponsored agencies and are considered high investment grade. The decline in fair value is attributable to changes in interest rates and not credit quality. The issuers continue to make timely principal and interest payments on the bonds. The Bank does not intend to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery. The fair value is expected to recover as the bonds approach maturity. Collateralized Mortgage Obligations At June 30, 2021, approximately $ 110.0 million of collateralized mortgage obligations had an unrealized loss of $ 1.7 million. These securities were issued by U.S. government and government-sponsored agencies and are considered high investment grade. The decline in fair value is attributable to changes in interest rates and not credit quality. The issuers continue to make timely principal and interest payments on the bonds. The Bank does not intend to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery. The fair value is expected to recover as the bonds approach maturity. Corporate Bonds At June 30, 2021, approximately $ 50.3 million of the corporate bonds had an unrealized loss of $ 696,000 . The Bank’s corporate bond portfolio represents senior unsecured debt obligations of six of the largest U.S. based financial institutions, including JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo and mature in 2028. Approximately $ 86.7 million are floating rate securities and reprice on a quarterly basis off the ten year swap rate. The remaining $ 31.7 million have a fixed rate with an average current yield of 5.10 % and will convert to a floating rate in the fourth quarter of 2021. These bonds will also reprice on a quarterly basis off the ten-year swap rate. Each of the financial institutions is considered upper medium investment grade and rated A3 or higher. The improvement in the unrealized loss during the quarter is attributable to a tightening in credit spreads and an increase in long-term interest rates. The Bank does not intend to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery. Each of these financial institutions has diversified revenue streams, is well capitalized and continues to make timely interest payments. Management evaluates the quarterly financial statements of each company to determine if full payment of principal and interest is in doubt and does not believe there is any impairment at June 30, 2021. Sales of Available-for-Sale Securities. Sales of available-for-sale securities were as follows: Six Months Ended Three Months Ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Proceeds $ 54,192 $ — $ — $ — Gains $ 622 $ — $ — $ — Losses ( 16 ) — — — Net gain $ 606 $ — $ — $ — Income tax expense related to the net realized gains for the six months ended June 30, 2021 was $ 187,000 . Maturities. The following table sets forth by maturity the amortized cost and fair value of the Bank’s state and municipal securities, and corporate bonds at June 30, 2021 based on the earlier of their stated maturity or, if applicable, their pre-refunded date. The remaining securities in the Bank’s investment securities portfolio are mortgage-backed securities, consisting of pass-through mortgage securities and collateralized mortgage obligations. Although these securities are expected to have substantial periodic repayments they are reflected in the table below in aggregate amounts. (in thousands) Amortized Cost Fair Value Within one year $ 7,279 $ 7,302 After 1 through 5 years 80,941 83,407 After 5 through 10 years 225,153 228,744 After 10 years 137,019 143,530 Mortgage-backed securities 346,470 343,215 $ 796,862 $ 806,198

Loans

Loans	6 Months Ended
	Jun. 30, 2021
Loans [Abstract]
Loans	4 - LOANS The following table sets forth the loans outstanding by class of loans at the dates indicated. (in thousands) June 30, 2021 December 31, 2020 Commercial and industrial $ 84,813 $ 100,015 SBA PPP 94,309 139,487 Commercial mortgages: Multifamily 775,303 776,976 Other 564,905 513,176 Owner-occupied 139,036 130,919 Residential mortgages: Closed end 1,244,439 1,316,727 Revolving home equity 49,693 54,005 Consumer and other 907 2,149 $ 2,953,405 $ 3,033,454 Management identifies loans in the Bank’s portfolio that must be individually evaluated for loss due to disparate risk characteristics or information suggesting that the Bank will be unable to collect all the principal and interest due. For loans individually evaluated, a specific reserve is estimated based on either the fair value of collateral or the discounted value of expected future cash flows. In estimating the fair value of real estate collateral, management utilizes appraisals or evaluations adjusted for costs to dispose and a distressed sale adjustment, if needed. Estimating the fair value of collateral other than real estate is also subjective in nature and sometimes requires difficult and complex judgements. Determining expected future cash flows can be more subjective than determining fair values. Expected future cash flows could differ significantly, both in timing and amount, from the cash flows actually received over the loan’s remaining life. Individually evaluated loans are excluded from the estimation of credit losses for the pooled portfolio. For loans collectively evaluated for credit loss, management segregates its loan portfolio into eleven distinct pools, certain of which are combined in reporting loans outstanding by class of loans: (1) commercial and industrial; (2) small business credit scored; (3) multifamily; (4) owner-occupied; (5) other commercial real estate; (6) construction and land development; (7) closed end residential mortgage; (8) revolving home equity; (9) consumer; (10) municipal loans; and (11) Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans. Historical loss information from the Bank’s own loan portfolio from December 31, 2007 to present provides a basis for management’s assessment of expected credit losses. The choice of a historical look-back period that begins in 2007 covers an entire economic cycle and impacts the average historical loss rates used to calculate the final allowance for credit losses (“ACL” or “allowance”). Due to the extensive historical loss data available, management has determined that the vintage approach is the most appropriate method of measuring the historical loss component of credit losses inherent in its portfolio for most of its loan pools. For the revolving home equity and small business credit scored pools, the migration approach was selected to measure historical losses since contractual lives are not readily discernable and balances can fluctuate throughout the life of the lines. Finally, no historical loss method was applied to the SBA PPP loan pool which is a new pool with no loss experience and is 100% guaranteed by the federal government. Management believes that the methods selected fairly reflect the historical loss component of expected losses inherent in the Bank’s loan portfolio. However, since future losses could vary significantly from those experienced in the past, on a quarterly basis management adjusts its historical loss experience to reflect current and forecasted conditions. In doing so, management considers a variety of general qualitative and quantitative factors (“Q-factors”) and then subjectively determines the weight to assign to each in estimating losses. Qualitative characteristics include, among others, differences in underwriting standards, policies, lending staff and environmental risks. Management also considers whether further adjustments to historical loss information are needed to reflect the extent to which current conditions and reasonable and supportable forecasts over a one year to two year forecasting horizon differ from the conditions that existed during the historical loss period. These quantitative adjustments reflect changes to relevant data such as changes in unemployment rates, GDP, vacancies, average growth in pools of loans, delinquencies or other factors associated with the financial assets. The allowance for SBA PPP loans represents an estimate of potential loss due to documentation and processing deficiencies. The immediate reversion method is applied for periods beyond the forecasting horizon. The Bank’s ACL allocable to pools of loans that are collectively evaluated for credit loss results primarily from these qualitative and quantitative adjustments to historical loss experience. Because of the nature of the Q-factors and the degree of judgement involved in assessing their impact, management’s resulting estimate of losses may not accurately reflect current and future losses in the portfolio. The following risks reflected in the Bank’s Q-factors showed improvement in the second quarter of 2021 and, together with a decline in historical loss rates, were the key drivers in estimating the ACL at June 30, 2021:  average growth rates in the residential mortgage and commercial and industrial loan pools,  improvements in the experience, ability and depth of lending staff,  past due and problem loans, and  current and forecasted economic conditions including those arising from the pandemic. The following tables present the activity in the ACL for the periods indicated. (in thousands) Balance at 1/1/2021 Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2021 Commercial and industrial $ 1,416 $ 227 $ 168 $ ( 349 ) $ 1,008 SBA PPP 209 — — ( 68 ) 141 Commercial mortgages: Multifamily 9,474 252 — ( 609 ) 8,613 Other 4,913 — — 450 5,363 Owner-occupied 1,905 165 91 64 1,895 Residential mortgages: Closed end 14,706 79 3 ( 1,314 ) 13,316 Revolving home equity 407 — — 221 628 Consumer and other 7 — 1 ( 4 ) 4 $ 33,037 $ 723 $ 263 $ ( 1,609 ) $ 30,968 (in thousands) Balance at 4/1/2021 Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2021 Commercial and industrial $ 1,143 $ 92 $ 156 $ ( 199 ) $ 1,008 SBA PPP 269 — — ( 128 ) 141 Commercial mortgages: Multifamily 9,074 2 — ( 459 ) 8,613 Other 4,967 — — 396 5,363 Owner-occupied 1,911 — — ( 16 ) 1,895 Residential mortgages: Closed end 13,636 79 3 ( 244 ) 13,316 Revolving home equity 599 — — 29 628 Consumer and other 5 — 1 ( 2 ) 4 $ 31,604 $ 173 $ 160 $ ( 623 ) $ 30,968 (in thousands) Balance at 1/1/2020 Impact of ASC 326 Adoption Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2020 Commercial and industrial $ 1,493 $ ( 244 ) $ 815 $ 257 $ 902 $ 1,593 SBA PPP — — — — 249 249 Commercial mortgages: Multifamily 7,151 1,059 — — 646 8,856 Other 3,498 ( 47 ) — — 409 3,860 Owner-occupied 921 778 — — ( 77 ) 1,622 Residential mortgages: Closed end 15,698 1,356 19 2 347 17,384 Revolving home equity 515 ( 6 ) — — ( 27 ) 482 Consumer and other 13 ( 8 ) 3 2 1 5 $ 29,289 $ 2,888 $ 837 $ 261 $ 2,450 $ 34,051 (in thousands) Balance at 4/1/2020 Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2020 Commercial and industrial $ 1,931 $ 197 $ 70 $ ( 211 ) $ 1,593 SBA PPP — — — 249 249 Commercial mortgages: Multifamily 8,647 — — 209 8,856 Other 3,792 — — 68 3,860 Owner-occupied 1,782 — — ( 160 ) 1,622 Residential mortgages: Closed end 17,459 19 2 ( 58 ) 17,384 Revolving home equity 487 — — ( 5 ) 482 Consumer and other 7 2 — — 5 $ 34,105 $ 218 $ 72 $ 92 $ 34,051 Aging of Loans . The following tables present the aging of loans past due and loans on nonaccrual status by class of loans. June 30, 2021 Past Due Nonaccrual With an With No Total Past 90 Days or Allowance Allowance Due Loans & More and for Credit for Credit Nonaccrual Total (in thousands) 30-59 Days 60-89 Days Still Accruing Loss Loss Loans Current Loans Commercial and industrial $ 34 $ — $ — $ — $ — $ 34 $ 84,779 $ 84,813 SBA PPP — — — — — — 94,309 94,309 Commercial mortgages: Multifamily — — — — — — 775,303 775,303 Other — — — — — — 564,905 564,905 Owner-occupied — — — — — — 139,036 139,036 Residential mortgages: Closed end — — — — 260 260 1,244,179 1,244,439 Revolving home equity 202 — — — — 202 49,491 49,693 Consumer and other 2 — — — — 2 905 907 $ 238 $ — $ — $ — $ 260 $ 498 $ 2,952,907 $ 2,953,405 December 31, 2020 Commercial and industrial $ 65 $ — $ — $ — $ — $ 65 $ 99,950 $ 100,015 SBA PPP — — — — — — 139,487 139,487 Commercial mortgages: Multifamily — — — — — — 776,976 776,976 Other — — — — — — 513,176 513,176 Owner-occupied — — — — 494 494 130,425 130,919 Residential mortgages: Closed end 1,357 — — — 261 1,618 1,315,109 1,316,727 Revolving home equity — — — — 367 367 53,638 54,005 Consumer and other — — — — — — 2,149 2,149 $ 1,422 $ — $ — $ — $ 1,122 $ 2,544 $ 3,030,910 $ 3,033,454 There were no loans in the process of foreclosure no r did the Bank hold any foreclosed residential real estate property at June 30, 2021 or December 31, 2020. Accrued interest receivable from loans totaled $ 8.4 million and $ 9.7 million at June 30, 2021 and December 31, 2020, respectively, and is included in the line item “Other assets” on the consolidated balance sheets. Troubled Debt Restructurings. A restructuring constitutes a troubled debt restructuring (“ TDR”) 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. The Bank did no t modify any loans in a TDR during the first six months of 2021 or 2020. At June 30, 2021 and December 31, 2020, the Bank had no allowance allocated to TDRs and no commitments to lend additional amounts in connection with loans that were classified as TDRs. There were no TDRs for which there was a payment default during the three months ended June 30, 2021 and 2020 that were modified during the 12-month period prior to default. A loan is in payment default once it is 90 days contractually past due under the modified terms. Risk Characteristics . Credit risk within the Bank’s loan portfolio primarily stems from factors such as changes in the borrower’s financial condition, credit concentrations, changes in collateral values, economic conditions including those arising from the pandemic, rent regulation and environmental contamination of properties securing mortgage loans. The Bank’s commercial loans, including those secured by real estate mortgages, are primarily made to small and medium-sized businesses. Such loans sometimes involve a higher degree of risk than those to larger companies because such businesses may have shorter operating histories, higher debt-to-equity ratios and may lack sophistication in internal record keeping and financial and operational controls. In addition, most of the Bank’s loans are made to businesses and consumers on Long Island and in the boroughs of New York City (“NYC”), and a large percentage of these loans are mortgage loans secured by properties located in those areas. The primary sources of repayment for residential and commercial mortgage loans include employment and other income of the borrowers, the businesses of the borrowers and cash flows from the underlying properties. In the case of multifamily mortgage loans, a substantial portion of the underlying properties are rent stabilized or rent controlled. These sources of repayment are dependent on, among other things, the strength of the local economy. 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, due diligence checks and current economic trends. Management analyzes loans individually and classifies them using risk rating matrices consistent with regulatory guidance as follows. Watch: The borrower’s 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. Special Mention: The borrower has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the Bank’s credit position at some future date. Special mention assets are not adversely classified and do not expose the Bank to risk sufficient to warrant adverse classification. 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. Doubtful: Loans have all the inherent weaknesses of those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on existing facts, conditions and values, highly questionable and improbable. Risk ratings on commercial and industrial loans and commercial mortgages are initially assigned during the underwriting process and affirmed as part of the approval process. The ratings are periodically reviewed and evaluated based on 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. At least 80 % of the recorded investment of commercial real estate loans as of December 31 of the prior year must be reviewed annually. Lines of credit are also reviewed annually at each proposed reaffirmation. The frequency of the review of other loans is determined by minimum principal balance thresholds and the Bank’s ongoing assessments of the borrower’s condition. Residential mortgage loans, revolving home equity lines and other consumer loans are initially evaluated utilizing the borrower’s credit score. A credit score is a tool used in the Bank’s loan approval process, and a minimum score of 680 is generally required for new loans. Credit scores for each borrower are updated at least annually. However, regardless of credit score, loans may be classified, criticized or placed on management’s watch list if relevant information comes to light. The following tables present the amortized cost basis of loans by class of loans, vintage and risk rating for the periods indicated. Loans shown as Pass are all loans other than those risk rated Watch, Special Mention, Substandard or Doubtful. June 30, 2021 Term Loans by Origination Year Revolving (in thousands) 2021 2020 2019 2018 2017 Prior Loans (1) Total Commercial and industrial: Pass $ 11,524 $ 13,417 $ 8,026 $ 6,676 $ 3,967 $ 20,521 $ 17,896 $ 82,027 Watch — — 1,436 — — — — 1,436 Special Mention — — — — — — — — Substandard — 1,000 350 — — — — 1,350 Doubtful — — — — — — — — $ 11,524 $ 14,417 $ 9,812 $ 6,676 $ 3,967 $ 20,521 $ 17,896 $ 84,813 SBA PPP: Pass $ 78,950 $ 15,359 $ — $ — $ — $ — $ — $ 94,309 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 78,950 $ 15,359 $ — $ — $ — $ — $ — $ 94,309 Commercial mortgages – multifamily: Pass $ 53,884 $ 40,607 $ 150,875 $ 154,457 $ 145,241 $ 218,899 $ — $ 763,963 Watch — — — — — 4,836 — 4,836 Special Mention — — — — — — — — Substandard — — — — 6,504 — — 6,504 Doubtful — — — — — — — — $ 53,884 $ 40,607 $ 150,875 $ 154,457 $ 151,745 $ 223,735 $ — $ 775,303 Commercial mortgages – other: Pass $ 69,717 $ 118,890 $ 43,994 $ 49,482 $ 45,716 $ 225,812 $ — $ 553,611 Watch — — — — — 5,414 — 5,414 Special Mention — — — — — — — — Substandard — — — — — 5,880 — 5,880 Doubtful — — — — — — — — $ 69,717 $ 118,890 $ 43,994 $ 49,482 $ 45,716 $ 237,106 $ — $ 564,905 Commercial mortgages – owner-occupied: Pass $ 16,600 $ 20,790 $ 37,069 $ 7,309 $ 8,938 $ 40,490 $ — $ 131,196 Watch — — 6,027 — — — — 6,027 Special Mention — — — — — — — — Substandard — — — — 1,813 — — 1,813 Doubtful — — — — — — — — $ 16,600 $ 20,790 $ 43,096 $ 7,309 $ 10,751 $ 40,490 $ — $ 139,036 Residential mortgages: Pass $ 91,110 $ 43,149 $ 19,974 $ 235,998 $ 301,055 $ 551,921 $ 49,693 $ 1,292,900 Watch — — — — — 294 — 294 Special Mention — — — — — — — — Substandard — — — 453 — 485 — 938 Doubtful — — — — — — — — $ 91,110 $ 43,149 $ 19,974 $ 236,451 $ 301,055 $ 552,700 $ 49,693 $ 1,294,132 Consumer and other: Pass $ 4 $ 61 $ 135 $ 5 $ 19 $ 556 $ — $ 780 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Not Rated — — — — — — 127 127 $ 4 $ 61 $ 135 $ 5 $ 19 $ 556 $ 127 $ 907 Total Loans $ 321,789 $ 253,273 $ 267,886 $ 454,380 $ 513,253 $ 1,075,108 $ 67,716 $ 2,953,405 (1) Includes commercial and industrial and residential mortgage lines converted to term of $ 5.3 million and $ 10.5 million, respectively. December 31, 2020 Term Loans by Origination Year Revolving (in thousands) 2020 2019 2018 2017 2016 Prior Loans (1) Total Commercial and industrial: Pass $ 22,848 $ 8,789 $ 7,542 $ 6,033 $ 5,505 $ 19,086 $ 20,473 $ 90,276 Watch — 1,508 — 4,000 — 1,842 — 7,350 Special Mention 48 — 65 115 — 301 — 529 Substandard 1,298 400 — — — 162 — 1,860 Doubtful — — — — — — — — $ 24,194 $ 10,697 $ 7,607 $ 10,148 $ 5,505 $ 21,391 $ 20,473 $ 100,015 SBA PPP: Pass $ 139,487 $ — $ — $ — $ — $ — $ — $ 139,487 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 139,487 $ — $ — $ — $ — $ — $ — $ 139,487 Commercial mortgages – multifamily: Pass $ 25,719 $ 152,142 $ 160,998 $ 152,648 $ 30,342 $ 242,527 $ — $ 764,376 Watch — — — 3,772 2,267 — — 6,039 Special Mention — — — — — — — — Substandard — — — 6,561 — — — 6,561 Doubtful — — — — — — — — $ 25,719 $ 152,142 $ 160,998 $ 162,981 $ 32,609 $ 242,527 $ — $ 776,976 Commercial mortgages – other: Pass $ 117,602 $ 44,398 $ 49,873 $ 50,547 $ 105,512 $ 137,960 $ — $ 505,892 Watch — — — — — 1,403 — 1,403 Special Mention — — — — — — — — Substandard — — — — — 5,881 — 5,881 Doubtful — — — — — — — — $ 117,602 $ 44,398 $ 49,873 $ 50,547 $ 105,512 $ 145,244 $ — $ 513,176 Commercial mortgages – owner-occupied: Pass $ 11,444 $ 37,406 $ 8,751 $ 9,493 $ 12,388 $ 43,009 $ — $ 122,491 Watch — 6,094 — — — — — 6,094 Special Mention — — — — — — — — Substandard — — — 1,840 — 494 — 2,334 Doubtful — — — — — — — — $ 11,444 $ 43,500 $ 8,751 $ 11,333 $ 12,388 $ 43,503 $ — $ 130,919 Residential mortgages: Pass $ 38,759 $ 21,964 $ 279,329 $ 339,700 $ 253,873 $ 381,842 $ 53,223 $ 1,368,690 Watch — — — — — 298 414 712 Special Mention — — — — — — — — Substandard — — 457 — — 505 368 1,330 Doubtful — — — — — — — — $ 38,759 $ 21,964 $ 279,786 $ 339,700 $ 253,873 $ 382,645 $ 54,005 $ 1,370,732 Consumer and other: Pass $ 106 $ 198 $ 3 $ 25 $ 236 $ 296 $ — $ 864 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — 229 — — — — — 229 Doubtful — — — — — — — — Not Rated — — — — — — 1,056 1,056 $ 106 $ 427 $ 3 $ 25 $ 236 $ 296 $ 1,056 $ 2,149 Total Loans $ 357,311 $ 273,128 $ 507,018 $ 574,734 $ 410,123 $ 835,606 $ 75,534 $ 3,033,454 (1) Includes commercial and industrial and residential mortgage lines converted to term of $ 2.9 million and $ 10.5 million, respectively.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2021
Stock-based Compensation [Abstract]
Stock-based Compensation	5 - STOCK-BASED COMPENSATION The following tables present a summary of restricted stock units (“RSUs”) and options outstanding at June 30, 2021 and changes during the six month period then ended. Of the 226,750 RSUs outstanding at quarter end, 71,603 are scheduled to vest during 2021. Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Grant-Date Contractual Value RSUs Fair Value Term (yrs.) (in thousands) Outstanding at January 1, 2021 164,996 $ 20.95 Granted 142,313 16.06 Converted ( 80,559 ) 21.48 Outstanding at June 30, 2021 226,750 $ 17.68 1.26 $ 4,814 Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (yrs.) (in thousands) Outstanding at January 1, 2021 11,031 $ 13.18 Exercised ( 10,281 ) 12.90 Outstanding and exercisable at June 30, 2021 750 $ 17.06 3.93 $ 3 As of June 30, 2021, there was $ 2.6 million of total unrecognized compensation cost related to non-vested RSUs. The total cost is expected to be recognized over a weighted-average period of 1.4 years. 2021 Equity Incentive Plan. On April 20, 2021, the stockholders of the Corporation approved the 2021 Equity Incentive Plan (“2021 Plan”). Under the 2021 Plan, awards may be granted to employees and non-employee directors as stock options, restricted stock awards or RSUs, with a one year minimum vesting period for at least 95 % of the awards granted. The Corporation has 750,000 shares of common stock reserved for awards under the 2021 Plan, plus 23,167 shares that remained available for grant as full value restricted stock units or restricted stock awards under the 2014 Equity Incentive Plan (“2014 Plan”). RSUs granted under the 2014 Plan that expire or are forfeited after April 20, 2021 will be added to the number of shares of common stock reserved for issuance of awards under the 2021 Plan. No further awards will be made under the 2014 Plan.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	6 - FAIR VALUE OF FINANCIAL INSTRUMENTS Financial Instruments Recorded at Fair Value . When measuring fair value, the Corporation uses a fair value hierarchy, which is designed to maximize the use of observable inputs and minimize the use of unobservable inputs. The hierarchy involves three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs other than quoted prices that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Corporation’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The fair values of the Corporation’s financial assets and liabilities measured at fair value on a recurring basis are set forth in the table that follows. The fair values of available-for-sale securities are determined on a recurring basis using matrix pricing (Level 2 inputs). Matrix pricing, which is a mathematical technique widely used in the industry to value debt securities, does not rely exclusively on quoted prices for the specific securities but rather on the relationship of such securities to other benchmark quoted securities. Where no significant other observable inputs were available, Level 3 inputs were used. The fair values of interest rate swaps are based on valuation models using observable market data as of the measurement date resulting in a Level 2 classification. Fair Value Measurements Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) June 30, 2021: Financial Assets: Available-for-Sale Securities: State and municipals $ 344,634 $ — $ 343,306 $ 1,328 Pass-through mortgage securities 223,996 — 223,996 — Collateralized mortgage obligations 119,219 — 119,219 — Corporate bonds 118,349 — 118,349 — $ 806,198 $ — $ 804,870 $ 1,328 Financial Liabilities: Derivative - interest rate swaps $ 2,785 $ — $ 2,785 $ — December 31, 2020: Financial Assets: Available-for-Sale Securities: State and municipals $ 364,211 $ — $ 362,776 $ 1,435 Pass-through mortgage securities 131,720 — 131,720 — Collateralized mortgage obligations 53,711 — 53,711 — Corporate bonds 113,080 — 113,080 — $ 662,722 $ — $ 661,287 $ 1,435 Financial Liabilities: Derivative - interest rate swaps $ 5,285 $ — $ 5,285 $ — State and municipal available-for-sale securities measured using Level 3 inputs. The Bank held six non-rated bond anticipation notes with a book value of $ 1.3 million at June 30, 2021. These bonds have a one year maturity and are issued by local municipalities that are customers of the Bank. Due to the short duration of the bonds, book value approximates fair value at June 30, 2021. There were no assets measured at fair value on a nonrecurring basis at June 30, 2021 or December 31, 2020. Financial Instruments Not Recorded at Fair Value. Fair value estimates are made at a specific point in time. Such estimates are generally subjective in nature and dependent upon a number of significant assumptions associated with each financial instrument or group of similar financial instruments, including estimates of discount rates, liquidity, risks associated with specific financial instruments, estimates of future cash flows, and relevant available market information. Changes in assumptions could significantly affect the estimates. In addition, fair value estimates do not reflect the value of anticipated future business, premiums or discounts that could result from offering for sale at one time the Corporation’s entire holdings of a particular financial instrument, or the income tax consequences of realizing gains or losses on the sale of financial instruments. The following table sets forth the carrying amounts and estimated fair values of financial instruments that are not recorded at fair value in the Corporation’s financial statements. Level of June 30, 2021 December 31, 2020 Fair Value Carrying Carrying (in thousands) Hierarchy Amount Fair Value Amount Fair Value Financial Assets: Cash and cash equivalents Level 1 $ 191,002 $ 191,002 $ 211,182 $ 211,182 Loans Level 3 2,922,437 2,904,931 3,000,417 2,998,325 Restricted stock Level 1 19,901 19,901 20,814 20,814 Financial Liabilities: Checking deposits Level 1 1,318,941 1,318,941 1,208,073 1,208,073 Savings, NOW and money market deposits Level 1 1,833,590 1,833,590 1,679,161 1,679,161 Time deposits Level 2 231,042 237,781 434,354 444,155 Short-term borrowings Level 1 55,000 55,000 60,095 60,095 Long-term debt Level 2 226,002 231,176 246,002 253,617

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2021
Derivatives [Abstract]
Derivatives	7 – DERIVATIVES As part of its asset liability management activities, the Corporation utilizes interest rate swaps to help manage its interest rate risk position. The notional amount of an interest rate swap does not represent the amount exchanged by the parties. The exchange of cash flows is determined by reference to the notional amount and the other terms of the interest rate swap agreements. The Bank entered into an interest rate swap with a notional amount totaling $ 50 million on January 17, 2019, which was designated as a cash flow hedge of certain Federal Home Loan Bank (“FHLB”) advances included in short term borrowings on the consolidated balance sheet. The swap was determined to be fully effective during the periods presented and therefore no amount of ineffectiveness has been included in net income. The aggregate fair value of the swap is recorded in other liabilities, with changes in fair value net of related income taxes recorded in OCI. The amount included in accumulated OCI would be reclassified to current earnings should the hedge no longer be considered effective. The Corporation expects the hedge to remain fully effective during the remaining term of the swap. On May 22, 2021 a second interest rate swap with a notional amount totaling $ 150 million expired and the Bank paid off $ 150 million of brokered certificates of deposit (“CDs”) used in the cash flow hedge. The following table summarizes information about the interest rate swaps designated as cash flow hedges. June 30, 2021 December 31, 2020 Notional amount $ 50 million $ 200 million Weighted average fixed pay rate 2.62 % 2.83 % Weighted average 3-month LIBOR receive rate 0.19 % 0.22 % Weighted average maturity 2.55 Years 1.06 Years Interest expense recorded on the swap transactions, which totaled $ 2.2 million and $ 1.4 million for the six months ended June 30, 2021 and 2020, respectively, is recorded as a component of interest expense in the consolidated statements of income. Amounts reported in accumulated OCI related to swaps will be reclassified to interest expense as interest payments are made on the Bank’s variable-rate liabilities. During the six months ended June 30, 2021, the Corporation had $ 2.2 million of reclassifications to interest expense. During the next 12 months, the Corporation estimates that $ 856,000 will be reclassified as an increase to interest expense. The following table presents the net losses recorded in the consolidated statements of income and the consolidated statements of comprehensive income relating to interest rate swaps. Six Months Ended Three Months Ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Interest rate contracts: Amount of gain (loss) recognized in OCI (effective portion) $ 267 $ ( 4,768 ) $ ( 33 ) $ ( 494 ) Amount of loss reclassified from OCI to interest expense 2,233 1,366 919 856 Amount of loss recognized in other noninterest income (ineffective portion) — — — — The following table reflects the amounts relating to the interest rate swaps included in the consolidated balance sheets at the periods indicated. June 30, 2021 December 31, 2020 Notional Fair Value Notional Fair Value (in thousands) Amount Asset Liability Amount Asset Liability Included in other liabilities $ — $ 2,785 $ — $ 5,285 Interest rate swap hedging brokered CDs $ — $ 150,000 Interest rate swap hedging FHLB advances $ 50,000 $ 50,000 Credit Risk Related Contingent Features. The Bank’s agreement with its interest rate swap counterparty sets forth minimum collateral posting thresholds. If the termination value of the swap is a net asset position, the counterparty may be required to post collateral against its obligations to the Bank under the agreement. However, if the termination value of the swap is a net liability position, the Bank may be required to post collateral to the counterparty. At June 30, 2021, the Bank was in compliance with the collateral posting provisions of its counterparty. The total amount of collateral posted was approximately $ 3.0 million. If the Bank had breached any of these provisions at June 30, 2021, it could have been required to settle its obligations under the agreement at the termination value.

Basis Of Presentation (Policy)

Basis Of Presentation (Policy)	6 Months Ended
	Jun. 30, 2021
Basis Of Presentation [Abstract]
Basis Of Presentation	BASIS OF PRESENTATION The accounting and reporting policies of The First of Long Island Corporation (“Corporation”) reflect banking industry practice and conform to generally accepted accounting principles (“GAAP”) in the United States. The consolidated financial statements include the accounts of the Corporation and its wholly-owned subsidiary, The First National Bank of Long Island (“Bank”). The Bank has two wholly owned subsidiaries: FNY Service Corp. and The First of Long Island Agency, Inc. The Bank and FNY Service Corp. jointly own another subsidiary, The First of Long Island REIT, Inc., a real estate investment trust. The consolidated entity is referred to as the “Corporation” and the Bank and its subsidiaries are collectively referred to as the “Bank.” All intercompany balances and amounts have been eliminated. For further information refer to the consolidated financial statements and notes thereto included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2020. The consolidated financial information included herein as of and for the periods ended June 30, 2021 and 2020 is unaudited. However, such information reflects all adjustments which are, in the opinion of management, necessary for a fair statement of results for the interim periods. The December 31, 2020 consolidated balance sheet was derived from the Corporation's December 31, 2020 audited consolidated financial statements. When appropriate, items in the prior year financial statements are reclassified to conform to the current period presentation.
Use Of Estimates	Use of Estimates. In preparing the consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported asset and liability balances, revenue and expense amounts, and the disclosures provided, including disclosure of contingent assets and liabilities, based on available information. Actual results could differ significantly from those estimates. Information available which could affect these judgements include, but are not limited to, changes in interest rates, changes in the performance of the economy including the economic impact of the COVID-19 pandemic (“pandemic”) on both the allowance and provision for credit losses, and changes in the financial condition of borrowers.

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2021
Comprehensive Income [Abstract]
Components Of OCI And Related Tax Effects	Six Months Ended Three Months Ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Change in net unrealized holding gains (losses) on available-for-sale securities: Change arising during the period $ ( 3,514 ) $ ( 408 ) $ 3,747 $ 8,442 Reclassification adjustment for gains included in net income (1) ( 606 ) — — — ( 4,120 ) ( 408 ) 3,747 8,442 Tax effect ( 1,158 ) ( 121 ) 1,153 2,528 ( 2,962 ) ( 287 ) 2,594 5,914 Change in unrealized loss on derivative instrument: Amount of gain (loss) during the period 267 ( 4,768 ) ( 33 ) ( 494 ) Reclassification adjustment for net interest expense included in net income (2) 2,233 1,366 919 856 2,500 ( 3,402 ) 886 362 Tax effect 726 ( 1,021 ) 273 108 1,774 ( 2,381 ) 613 254 Other comprehensive income (loss) $ ( 1,188 ) $ ( 2,668 ) $ 3,207 $ 6,168 (1) Represents net realized gains arising from the sale of available-for-sale securities. These net gains are included in the consolidated statements of income in the line item “Net gains on sales of securities.” (2) Represents the net interest expense recorded on derivative transactions and included in the consolidated statements of income under “Interest expense.”
Components Of Accumulated OCI, Net Of Tax	Current Balance Period Balance (in thousands) 12/31/20 Change 6/30/21 Unrealized holding gains on available-for-sale securities $ 9,425 $ ( 2,962 ) $ 6,463 Unrealized actuarial loss on pension plan ( 2,153 ) — ( 2,153 ) Unrealized loss on derivative instruments ( 3,702 ) 1,774 ( 1,928 ) Accumulated other comprehensive income, net of tax $ 3,570 $ ( 1,188 ) $ 2,382

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2021
Investment Securities [Abstract]
Amortization Cost And Estimated Fair Value Of Investment Securities	June 30, 2021 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains Losses Value State and municipals $ 331,392 $ 13,359 $ ( 117 ) $ 344,634 Pass-through mortgage securities 225,734 1,136 ( 2,874 ) 223,996 Collateralized mortgage obligations 120,736 171 ( 1,688 ) 119,219 Corporate bonds 119,000 45 ( 696 ) 118,349 $ 796,862 $ 14,711 $ ( 5,375 ) $ 806,198 December 31, 2020 State and municipals $ 348,260 $ 15,951 $ — $ 364,211 Pass-through mortgage securities 128,843 2,881 ( 4 ) 131,720 Collateralized mortgage obligations 53,163 599 ( 51 ) 53,711 Corporate bonds 119,000 — ( 5,920 ) 113,080 $ 649,266 $ 19,431 $ ( 5,975 ) $ 662,722
Securities With A Continuous Unrealized Losses Position	June 30, 2021 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Loss Value Loss Value Loss State and municipals $ 13,826 $ ( 117 ) $ — $ — $ 13,826 $ ( 117 ) Pass-through mortgage securities 166,209 ( 2,874 ) — — 166,209 ( 2,874 ) Collateralized mortgage obligations 109,981 ( 1,688 ) — — 109,981 ( 1,688 ) Corporate bonds — — 50,304 ( 696 ) 50,304 ( 696 ) Total temporarily impaired $ 290,016 $ ( 4,679 ) $ 50,304 $ ( 696 ) $ 340,320 $ ( 5,375 ) December 31, 2020 Pass-through mortgage securities $ 1,871 $ ( 4 ) $ — $ — $ 1,871 $ ( 4 ) Collateralized mortgage obligations 24,970 ( 51 ) — — 24,970 ( 51 ) Corporate bonds — — 113,080 ( 5,920 ) 113,080 ( 5,920 ) Total temporarily impaired $ 26,841 $ ( 55 ) $ 113,080 $ ( 5,920 ) $ 139,921 $ ( 5,975 )
Sales Of Available-For-Sale Securities	Six Months Ended Three Months Ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Proceeds $ 54,192 $ — $ — $ — Gains $ 622 $ — $ — $ — Losses ( 16 ) — — — Net gain $ 606 $ — $ — $ —
Maturities	(in thousands) Amortized Cost Fair Value Within one year $ 7,279 $ 7,302 After 1 through 5 years 80,941 83,407 After 5 through 10 years 225,153 228,744 After 10 years 137,019 143,530 Mortgage-backed securities 346,470 343,215 $ 796,862 $ 806,198

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2021
Loans [Abstract]
Loans Outstanding By Class Of Loans	(in thousands) June 30, 2021 December 31, 2020 Commercial and industrial $ 84,813 $ 100,015 SBA PPP 94,309 139,487 Commercial mortgages: Multifamily 775,303 776,976 Other 564,905 513,176 Owner-occupied 139,036 130,919 Residential mortgages: Closed end 1,244,439 1,316,727 Revolving home equity 49,693 54,005 Consumer and other 907 2,149 $ 2,953,405 $ 3,033,454
Allowance For Loan Losses	(in thousands) Balance at 1/1/2021 Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2021 Commercial and industrial $ 1,416 $ 227 $ 168 $ ( 349 ) $ 1,008 SBA PPP 209 — — ( 68 ) 141 Commercial mortgages: Multifamily 9,474 252 — ( 609 ) 8,613 Other 4,913 — — 450 5,363 Owner-occupied 1,905 165 91 64 1,895 Residential mortgages: Closed end 14,706 79 3 ( 1,314 ) 13,316 Revolving home equity 407 — — 221 628 Consumer and other 7 — 1 ( 4 ) 4 $ 33,037 $ 723 $ 263 $ ( 1,609 ) $ 30,968 (in thousands) Balance at 4/1/2021 Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2021 Commercial and industrial $ 1,143 $ 92 $ 156 $ ( 199 ) $ 1,008 SBA PPP 269 — — ( 128 ) 141 Commercial mortgages: Multifamily 9,074 2 — ( 459 ) 8,613 Other 4,967 — — 396 5,363 Owner-occupied 1,911 — — ( 16 ) 1,895 Residential mortgages: Closed end 13,636 79 3 ( 244 ) 13,316 Revolving home equity 599 — — 29 628 Consumer and other 5 — 1 ( 2 ) 4 $ 31,604 $ 173 $ 160 $ ( 623 ) $ 30,968 (in thousands) Balance at 1/1/2020 Impact of ASC 326 Adoption Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2020 Commercial and industrial $ 1,493 $ ( 244 ) $ 815 $ 257 $ 902 $ 1,593 SBA PPP — — — — 249 249 Commercial mortgages: Multifamily 7,151 1,059 — — 646 8,856 Other 3,498 ( 47 ) — — 409 3,860 Owner-occupied 921 778 — — ( 77 ) 1,622 Residential mortgages: Closed end 15,698 1,356 19 2 347 17,384 Revolving home equity 515 ( 6 ) — — ( 27 ) 482 Consumer and other 13 ( 8 ) 3 2 1 5 $ 29,289 $ 2,888 $ 837 $ 261 $ 2,450 $ 34,051 (in thousands) Balance at 4/1/2020 Chargeoffs Recoveries Provision (Credit) for Credit Losses Balance at 6/30/2020 Commercial and industrial $ 1,931 $ 197 $ 70 $ ( 211 ) $ 1,593 SBA PPP — — — 249 249 Commercial mortgages: Multifamily 8,647 — — 209 8,856 Other 3,792 — — 68 3,860 Owner-occupied 1,782 — — ( 160 ) 1,622 Residential mortgages: Closed end 17,459 19 2 ( 58 ) 17,384 Revolving home equity 487 — — ( 5 ) 482 Consumer and other 7 2 — — 5 $ 34,105 $ 218 $ 72 $ 92 $ 34,051
Aging Of The Recorded Investment In Loans	June 30, 2021 Past Due Nonaccrual With an With No Total Past 90 Days or Allowance Allowance Due Loans & More and for Credit for Credit Nonaccrual Total (in thousands) 30-59 Days 60-89 Days Still Accruing Loss Loss Loans Current Loans Commercial and industrial $ 34 $ — $ — $ — $ — $ 34 $ 84,779 $ 84,813 SBA PPP — — — — — — 94,309 94,309 Commercial mortgages: Multifamily — — — — — — 775,303 775,303 Other — — — — — — 564,905 564,905 Owner-occupied — — — — — — 139,036 139,036 Residential mortgages: Closed end — — — — 260 260 1,244,179 1,244,439 Revolving home equity 202 — — — — 202 49,491 49,693 Consumer and other 2 — — — — 2 905 907 $ 238 $ — $ — $ — $ 260 $ 498 $ 2,952,907 $ 2,953,405 December 31, 2020 Commercial and industrial $ 65 $ — $ — $ — $ — $ 65 $ 99,950 $ 100,015 SBA PPP — — — — — — 139,487 139,487 Commercial mortgages: Multifamily — — — — — — 776,976 776,976 Other — — — — — — 513,176 513,176 Owner-occupied — — — — 494 494 130,425 130,919 Residential mortgages: Closed end 1,357 — — — 261 1,618 1,315,109 1,316,727 Revolving home equity — — — — 367 367 53,638 54,005 Consumer and other — — — — — — 2,149 2,149 $ 1,422 $ — $ — $ — $ 1,122 $ 2,544 $ 3,030,910 $ 3,033,454
Amortized Cost Basis of Loans by Class of Loans, Vintage and Risk Rating	June 30, 2021 Term Loans by Origination Year Revolving (in thousands) 2021 2020 2019 2018 2017 Prior Loans (1) Total Commercial and industrial: Pass $ 11,524 $ 13,417 $ 8,026 $ 6,676 $ 3,967 $ 20,521 $ 17,896 $ 82,027 Watch — — 1,436 — — — — 1,436 Special Mention — — — — — — — — Substandard — 1,000 350 — — — — 1,350 Doubtful — — — — — — — — $ 11,524 $ 14,417 $ 9,812 $ 6,676 $ 3,967 $ 20,521 $ 17,896 $ 84,813 SBA PPP: Pass $ 78,950 $ 15,359 $ — $ — $ — $ — $ — $ 94,309 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 78,950 $ 15,359 $ — $ — $ — $ — $ — $ 94,309 Commercial mortgages – multifamily: Pass $ 53,884 $ 40,607 $ 150,875 $ 154,457 $ 145,241 $ 218,899 $ — $ 763,963 Watch — — — — — 4,836 — 4,836 Special Mention — — — — — — — — Substandard — — — — 6,504 — — 6,504 Doubtful — — — — — — — — $ 53,884 $ 40,607 $ 150,875 $ 154,457 $ 151,745 $ 223,735 $ — $ 775,303 Commercial mortgages – other: Pass $ 69,717 $ 118,890 $ 43,994 $ 49,482 $ 45,716 $ 225,812 $ — $ 553,611 Watch — — — — — 5,414 — 5,414 Special Mention — — — — — — — — Substandard — — — — — 5,880 — 5,880 Doubtful — — — — — — — — $ 69,717 $ 118,890 $ 43,994 $ 49,482 $ 45,716 $ 237,106 $ — $ 564,905 Commercial mortgages – owner-occupied: Pass $ 16,600 $ 20,790 $ 37,069 $ 7,309 $ 8,938 $ 40,490 $ — $ 131,196 Watch — — 6,027 — — — — 6,027 Special Mention — — — — — — — — Substandard — — — — 1,813 — — 1,813 Doubtful — — — — — — — — $ 16,600 $ 20,790 $ 43,096 $ 7,309 $ 10,751 $ 40,490 $ — $ 139,036 Residential mortgages: Pass $ 91,110 $ 43,149 $ 19,974 $ 235,998 $ 301,055 $ 551,921 $ 49,693 $ 1,292,900 Watch — — — — — 294 — 294 Special Mention — — — — — — — — Substandard — — — 453 — 485 — 938 Doubtful — — — — — — — — $ 91,110 $ 43,149 $ 19,974 $ 236,451 $ 301,055 $ 552,700 $ 49,693 $ 1,294,132 Consumer and other: Pass $ 4 $ 61 $ 135 $ 5 $ 19 $ 556 $ — $ 780 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Not Rated — — — — — — 127 127 $ 4 $ 61 $ 135 $ 5 $ 19 $ 556 $ 127 $ 907 Total Loans $ 321,789 $ 253,273 $ 267,886 $ 454,380 $ 513,253 $ 1,075,108 $ 67,716 $ 2,953,405 (1) Includes commercial and industrial and residential mortgage lines converted to term of $ 5.3 million and $ 10.5 million, respectively. December 31, 2020 Term Loans by Origination Year Revolving (in thousands) 2020 2019 2018 2017 2016 Prior Loans (1) Total Commercial and industrial: Pass $ 22,848 $ 8,789 $ 7,542 $ 6,033 $ 5,505 $ 19,086 $ 20,473 $ 90,276 Watch — 1,508 — 4,000 — 1,842 — 7,350 Special Mention 48 — 65 115 — 301 — 529 Substandard 1,298 400 — — — 162 — 1,860 Doubtful — — — — — — — — $ 24,194 $ 10,697 $ 7,607 $ 10,148 $ 5,505 $ 21,391 $ 20,473 $ 100,015 SBA PPP: Pass $ 139,487 $ — $ — $ — $ — $ — $ — $ 139,487 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — $ 139,487 $ — $ — $ — $ — $ — $ — $ 139,487 Commercial mortgages – multifamily: Pass $ 25,719 $ 152,142 $ 160,998 $ 152,648 $ 30,342 $ 242,527 $ — $ 764,376 Watch — — — 3,772 2,267 — — 6,039 Special Mention — — — — — — — — Substandard — — — 6,561 — — — 6,561 Doubtful — — — — — — — — $ 25,719 $ 152,142 $ 160,998 $ 162,981 $ 32,609 $ 242,527 $ — $ 776,976 Commercial mortgages – other: Pass $ 117,602 $ 44,398 $ 49,873 $ 50,547 $ 105,512 $ 137,960 $ — $ 505,892 Watch — — — — — 1,403 — 1,403 Special Mention — — — — — — — — Substandard — — — — — 5,881 — 5,881 Doubtful — — — — — — — — $ 117,602 $ 44,398 $ 49,873 $ 50,547 $ 105,512 $ 145,244 $ — $ 513,176 Commercial mortgages – owner-occupied: Pass $ 11,444 $ 37,406 $ 8,751 $ 9,493 $ 12,388 $ 43,009 $ — $ 122,491 Watch — 6,094 — — — — — 6,094 Special Mention — — — — — — — — Substandard — — — 1,840 — 494 — 2,334 Doubtful — — — — — — — — $ 11,444 $ 43,500 $ 8,751 $ 11,333 $ 12,388 $ 43,503 $ — $ 130,919 Residential mortgages: Pass $ 38,759 $ 21,964 $ 279,329 $ 339,700 $ 253,873 $ 381,842 $ 53,223 $ 1,368,690 Watch — — — — — 298 414 712 Special Mention — — — — — — — — Substandard — — 457 — — 505 368 1,330 Doubtful — — — — — — — — $ 38,759 $ 21,964 $ 279,786 $ 339,700 $ 253,873 $ 382,645 $ 54,005 $ 1,370,732 Consumer and other: Pass $ 106 $ 198 $ 3 $ 25 $ 236 $ 296 $ — $ 864 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — 229 — — — — — 229 Doubtful — — — — — — — — Not Rated — — — — — — 1,056 1,056 $ 106 $ 427 $ 3 $ 25 $ 236 $ 296 $ 1,056 $ 2,149 Total Loans $ 357,311 $ 273,128 $ 507,018 $ 574,734 $ 410,123 $ 835,606 $ 75,534 $ 3,033,454 (1) Includes commercial and industrial and residential mortgage lines converted to term of $ 2.9 million and $ 10.5 million, respectively.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Stock-based Compensation [Abstract]
RSU Activity	Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Grant-Date Contractual Value RSUs Fair Value Term (yrs.) (in thousands) Outstanding at January 1, 2021 164,996 $ 20.95 Granted 142,313 16.06 Converted ( 80,559 ) 21.48 Outstanding at June 30, 2021 226,750 $ 17.68 1.26 $ 4,814
Stock Option Activity	Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (yrs.) (in thousands) Outstanding at January 1, 2021 11,031 $ 13.18 Exercised ( 10,281 ) 12.90 Outstanding and exercisable at June 30, 2021 750 $ 17.06 3.93 $ 3

Fair Value Of Financial Instr_2

Fair Value Of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Of Financial Instruments [Abstract]
Assets Measured On Recurring Basis	Fair Value Measurements Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs (in thousands) Total (Level 1) (Level 2) (Level 3) June 30, 2021: Financial Assets: Available-for-Sale Securities: State and municipals $ 344,634 $ — $ 343,306 $ 1,328 Pass-through mortgage securities 223,996 — 223,996 — Collateralized mortgage obligations 119,219 — 119,219 — Corporate bonds 118,349 — 118,349 — $ 806,198 $ — $ 804,870 $ 1,328 Financial Liabilities: Derivative - interest rate swaps $ 2,785 $ — $ 2,785 $ — December 31, 2020: Financial Assets: Available-for-Sale Securities: State and municipals $ 364,211 $ — $ 362,776 $ 1,435 Pass-through mortgage securities 131,720 — 131,720 — Collateralized mortgage obligations 53,711 — 53,711 — Corporate bonds 113,080 — 113,080 — $ 662,722 $ — $ 661,287 $ 1,435 Financial Liabilities: Derivative - interest rate swaps $ 5,285 $ — $ 5,285 $ —
Financial Instruments	Level of June 30, 2021 December 31, 2020 Fair Value Carrying Carrying (in thousands) Hierarchy Amount Fair Value Amount Fair Value Financial Assets: Cash and cash equivalents Level 1 $ 191,002 $ 191,002 $ 211,182 $ 211,182 Loans Level 3 2,922,437 2,904,931 3,000,417 2,998,325 Restricted stock Level 1 19,901 19,901 20,814 20,814 Financial Liabilities: Checking deposits Level 1 1,318,941 1,318,941 1,208,073 1,208,073 Savings, NOW and money market deposits Level 1 1,833,590 1,833,590 1,679,161 1,679,161 Time deposits Level 2 231,042 237,781 434,354 444,155 Short-term borrowings Level 1 55,000 55,000 60,095 60,095 Long-term debt Level 2 226,002 231,176 246,002 253,617

Derivatives (Tables)

Derivatives (Tables) - Cash Flow Hedging [Member]	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule Of Interest Rate Swaps	June 30, 2021 December 31, 2020 Notional amount $ 50 million $ 200 million Weighted average fixed pay rate 2.62 % 2.83 % Weighted average 3-month LIBOR receive rate 0.19 % 0.22 % Weighted average maturity 2.55 Years 1.06 Years
Schedule Of Losses Recorded In The Consolidated Statements Of Income And The Consolidated Statements Of Comprehensive Income	Six Months Ended Three Months Ended June 30, June 30, (in thousands) 2021 2020 2021 2020 Interest rate contracts: Amount of gain (loss) recognized in OCI (effective portion) $ 267 $ ( 4,768 ) $ ( 33 ) $ ( 494 ) Amount of loss reclassified from OCI to interest expense 2,233 1,366 919 856 Amount of loss recognized in other noninterest income (ineffective portion) — — — —
Schedule Of Cash Flow Hedges Included In The Consolidated Balance Sheets	June 30, 2021 December 31, 2020 Notional Fair Value Notional Fair Value (in thousands) Amount Asset Liability Amount Asset Liability Included in other liabilities $ — $ 2,785 $ — $ 5,285 Interest rate swap hedging brokered CDs $ — $ 150,000 Interest rate swap hedging FHLB advances $ 50,000 $ 50,000

Basis Of Presentation (Narrativ

Basis Of Presentation (Narrative) (Details)	Jun. 30, 2021item
Bank [Member]
Number of subsidiaries	2

Comprehensive Income (Component

Comprehensive Income (Components Of OCI And Related Tax Effects) (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Change in net unrealized holding gains (losses) on available-for-sale securities:
Change arising during the period		$ 3,747		$ 8,442		$ (3,514)	$ (408)
Reclassification adjustment for gains included in net income	[1]					(606)
Change in net unrealized holding gains (losses) on available-for-sale securities		3,747		8,442		(4,120)	(408)
Tax effect		1,153		2,528		(1,158)	(121)
Total		2,594		5,914		(2,962)	(287)
Change in unrealized loss on derivative instrument:
Amount of gain (loss) during the period		(33)		(494)		267	(4,768)
Reclassification adjustment for net interest expense included in net income	[2]	919		856		2,233	1,366
Change in unrealized loss on derivative instruments		886		362		2,500	(3,402)
Tax effect		273		108		726	(1,021)
Total		613		254		1,774	(2,381)
Other comprehensive income (loss)		$ 3,207	$ (4,395)	$ 6,168	$ (8,836)	$ (1,188)	$ (2,668)
[1]	Represents net realized gains arising from the sale of available-for-sale securities. These net gains are included in the consolidated statements of income in the line item “Net gains on sales of securities.”
[2]	Represents the net interest expense recorded on derivative transactions and included in the consolidated statements of income under “Interest expense.”

Comprehensive Income (Compone_2

Comprehensive Income (Components Of Accumulated OCI, Net Of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 408,122	$ 407,118	$ 376,209	$ 389,108	$ 407,118	$ 389,108
Current Period Change	3,207	(4,395)	6,168	(8,836)	(1,188)	(2,668)
Balance	416,644	408,122	389,738	376,209	416,644	389,738
Unrealized Holding Gains On Available-For-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		9,425			9,425
Current Period Change					(2,962)
Balance	6,463				6,463
Unrealized Actuarial Loss On Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(2,153)			(2,153)
Balance	(2,153)				(2,153)
Unrealized Losses On Derivative Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(3,702)			(3,702)
Current Period Change					1,774
Balance	(1,928)				(1,928)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(825)	3,570	(8,241)	595	3,570	595
Current Period Change	3,207	(4,395)	6,168	(8,836)	(1,188)
Balance	$ 2,382	$ (825)	$ (2,073)	$ (8,241)	$ 2,382	$ (2,073)

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	3 Months Ended	6 Months Ended
	Dec. 31, 2021USD ($)	Jun. 30, 2021USD ($)item	Dec. 31, 2020USD ($)item
Investment Securities [Line Items]
Number of holdings greater than 10 percent of stockholders equity | item		0	0
Income tax expense (benefit) related to net realized gains (losses)		$ 187,000
Restricted investment securities		416,400,000	$ 380,700,000
Allowance for credit losses		0	0
Fair Value		340,320,000	139,921,000
Unrealized Loss		5,375,000	5,975,000
Corporate Bonds [Member]
Investment Securities [Line Items]
Fair Value		50,304,000	113,080,000
Unrealized Loss		$ 696,000	5,920,000
Number of institutions | item		6
Fixed interest rate period		10 years
Floating rate securities		$ 86,700,000
Corporate Bonds [Member] | Forecast [Member]
Investment Securities [Line Items]
Debt securities, Weighted average fixed rate	5.10%
Securities repriced	$ 31,700,000
Pass-Through Mortgage Securities [Member]
Investment Securities [Line Items]
Fair Value		166,209,000	1,871,000
Unrealized Loss		2,874,000	4,000
Collateralized Mortgage Obligations [Member]
Investment Securities [Line Items]
Fair Value		109,981,000	24,970,000
Unrealized Loss		1,688,000	$ 51,000
State And Municipals [Member]
Investment Securities [Line Items]
Fair Value		13,826,000
Unrealized Loss		$ 117,000

Investment Securities (Amortiza

Investment Securities (Amortization Cost And Estimated Fair Value Of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule Of Amortized Cost And Estimated Fair Values [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 796,862	$ 649,266
Available-for-Sale Securities, Gross Unrealized Gains	14,711	19,431
Available-for-Sale Securities, Gross Unrealized Losses	(5,375)	(5,975)
Available-for-Sale Securities, Fair value	806,198	662,722
Corporate Bonds [Member]
Schedule Of Amortized Cost And Estimated Fair Values [Line Items]
Available-for-Sale Securities, Amortized Cost	119,000	119,000
Available-for-Sale Securities, Gross Unrealized Gains	45
Available-for-Sale Securities, Gross Unrealized Losses	(696)	(5,920)
Available-for-Sale Securities, Fair value	118,349	113,080
State And Municipals [Member]
Schedule Of Amortized Cost And Estimated Fair Values [Line Items]
Available-for-Sale Securities, Amortized Cost	331,392	348,260
Available-for-Sale Securities, Gross Unrealized Gains	13,359	15,951
Available-for-Sale Securities, Gross Unrealized Losses	(117)
Available-for-Sale Securities, Fair value	344,634	364,211
Pass-Through Mortgage Securities [Member]
Schedule Of Amortized Cost And Estimated Fair Values [Line Items]
Available-for-Sale Securities, Amortized Cost	225,734	128,843
Available-for-Sale Securities, Gross Unrealized Gains	1,136	2,881
Available-for-Sale Securities, Gross Unrealized Losses	(2,874)	(4)
Available-for-Sale Securities, Fair value	223,996	131,720
Collateralized Mortgage Obligations [Member]
Schedule Of Amortized Cost And Estimated Fair Values [Line Items]
Available-for-Sale Securities, Amortized Cost	120,736	53,163
Available-for-Sale Securities, Gross Unrealized Gains	171	599
Available-for-Sale Securities, Gross Unrealized Losses	(1,688)	(51)
Available-for-Sale Securities, Fair value	$ 119,219	$ 53,711

Investment Securities (Securiti

Investment Securities (Securities With A Continuous Unrealized Losses Position) (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value	$ 290,016,000	$ 26,841,000
Less than 12 months, Unrealized Loss	(4,679,000)	(55,000)
12 months or more, Fair Value	50,304,000	113,080,000
12 months or more, Unrealized Loss	(696,000)	(5,920,000)
Total, Fair Value	340,320,000	139,921,000
Total, Unrealized Loss	(5,375,000)	(5,975,000)
State And Municipals [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value	13,826,000
Less than 12 months, Unrealized Loss	(117,000)
Total, Fair Value	13,826,000
Total, Unrealized Loss	(117,000)
Pass-Through Mortgage Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value	166,209,000	1,871,000
Less than 12 months, Unrealized Loss	(2,874,000)	(4,000)
Total, Fair Value	166,209,000	1,871,000
Total, Unrealized Loss	(2,874,000)	(4,000)
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value	109,981,000	24,970,000
Less than 12 months, Unrealized Loss	(1,688,000)	(51,000)
Total, Fair Value	109,981,000	24,970,000
Total, Unrealized Loss	(1,688,000)	(51,000)
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
12 months or more, Fair Value	50,304,000	113,080,000
12 months or more, Unrealized Loss	(696,000)	(5,920,000)
Total, Fair Value	50,304,000	113,080,000
Total, Unrealized Loss	$ (696,000)	$ (5,920,000)

Investment Securities (Sales Of

Investment Securities (Sales Of Available-For-Sale Securities) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Investment Securities [Abstract]
Proceeds	$ 54,192
Gains	622
Losses	(16)
Net gain	$ 606

Investment Securities (Maturiti

Investment Securities (Maturities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Investment Securities [Abstract]
Available-for-sale securities, Amortized Cost, Within one year	$ 7,279
Available-for-sale securities, Fair Value, Within one year	7,302
Available-for-sale securities, Amortized Cost, After 1 through 5 years	80,941
Available-for-sale securities, Fair Value, After 1 through 5 years	83,407
Available-for-sale securities, Amortized Cost, After 5 through 10 years	225,153
Available-for-sale securities, Fair Value, After 5 through 10 years	228,744
Available-for-sale securities, Amortized Cost, After 10 years	137,019
Available-for-sale securities, Fair Value, After 10 years	143,530
Available-for-sale securities, Amortized Cost, Mortgage-backed securities	346,470
Available-for-sale securities, Fair Value, Mortgage-backed securities	343,215
Available-for-sale securities, Amortized Cost	796,862
Available-for-sale securities, Fair Value	$ 806,198	$ 662,722

Loans (Narrative) (Details)

Loans (Narrative) (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)loanitemcontract	Jun. 30, 2020loancontract	Dec. 31, 2020USD ($)loanitem
Financing Receivable, Past Due [Line Items]
Allowance for loan losses, TDR	$ 0		$ 0
Number of days past due to be considered default	90 days
Minimum prior year principal balance of commercial Real estate loans required to be reviewed annually			80.00%
Number of contracts with payment default | contract	0	0
Number of commitments to lend | item	0		0
Number of loans in the process of foreclosure | loan	0		0
Number of loans modified | loan	0	0
Accrued interest receivable	$ 8,400,000		$ 9,700,000
Residential Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Real estate acquired through foreclosure	$ 0		$ 0

Loans (Loans Outstanding By Cla

Loans (Loans Outstanding By Class Of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	$ 2,953,405	$ 3,033,454
Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	84,813	100,015
SBA Paycheck Protection Program [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	94,309	139,487
Commercial Mortgages [Member] | Multifamily Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	775,303	776,976
Commercial Mortgages [Member] | Other Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	564,905	513,176
Commercial Mortgages [Member] | Owner-occupied Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	139,036	130,919
Residential Mortgages [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	1,294,132	1,370,732
Residential Mortgages [Member] | Closed-end [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	1,244,439	1,316,727
Residential Mortgages [Member] | Revolving Home Equity [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	49,693	54,005
Consumer And Other [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans outstanding	$ 907	$ 2,149

Loans (Allowance For Loan Losse

Loans (Allowance For Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	$ 31,604	$ 34,105	$ 33,037	$ 29,289
Impact of ASC 326 Adoption				2,888
Chargeoffs	173	218	723	837
Recoveries	160	72	263	261
Provision (Credit) for Credit Losses	(623)	92	(1,609)	2,450
Allowance for credit losses, ending balance	30,968	34,051	30,968	34,051
Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	1,143	1,931	1,416	1,493
Impact of ASC 326 Adoption				(244)
Chargeoffs	92	197	227	815
Recoveries	156	70	168	257
Provision (Credit) for Credit Losses	(199)	(211)	(349)	902
Allowance for credit losses, ending balance	1,008	1,593	1,008	1,593
SBA Paycheck Protection Program [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	269		209
Provision (Credit) for Credit Losses	(128)	249	(68)	249
Allowance for credit losses, ending balance	141	249	141	249
Commercial Mortgages [Member] | Multifamily Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	9,074	8,647	9,474	7,151
Impact of ASC 326 Adoption				1,059
Chargeoffs	2		252
Provision (Credit) for Credit Losses	(459)	209	(609)	646
Allowance for credit losses, ending balance	8,613	8,856	8,613	8,856
Commercial Mortgages [Member] | Other Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	4,967	3,792	4,913	3,498
Impact of ASC 326 Adoption				(47)
Provision (Credit) for Credit Losses	396	68	450	409
Allowance for credit losses, ending balance	5,363	3,860	5,363	3,860
Commercial Mortgages [Member] | Owner-occupied Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	1,911	1,782	1,905	921
Impact of ASC 326 Adoption				778
Chargeoffs			165
Recoveries			91
Provision (Credit) for Credit Losses	(16)	(160)	64	(77)
Allowance for credit losses, ending balance	1,895	1,622	1,895	1,622
Residential Mortgages [Member] | Closed-end [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	13,636	17,459	14,706	15,698
Impact of ASC 326 Adoption				1,356
Chargeoffs	79	19	79	19
Recoveries	3	2	3	2
Provision (Credit) for Credit Losses	(244)	(58)	(1,314)	347
Allowance for credit losses, ending balance	13,316	17,384	13,316	17,384
Residential Mortgages [Member] | Revolving Home Equity [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	599	487	407	515
Impact of ASC 326 Adoption				(6)
Provision (Credit) for Credit Losses	29	(5)	221	(27)
Allowance for credit losses, ending balance	628	482	628	482
Consumer And Other [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	5	7	7	13
Impact of ASC 326 Adoption				(8)
Chargeoffs		2		3
Recoveries	1		1	2
Provision (Credit) for Credit Losses	(2)		(4)	1
Allowance for credit losses, ending balance	$ 4	$ 5	$ 4	$ 5

Loans (Aging Of The Recorded In

Loans (Aging Of The Recorded Investment In Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Nonaccrual - With No Allowance for Credit Loss	$ 260	$ 1,122
Total Past Due Loans & Nonaccrual Loans	498	2,544
Current	2,952,907	3,030,910
Total Loans	2,953,405	3,033,454
Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans & Nonaccrual Loans	34	65
Current	84,779	99,950
Total Loans	84,813	100,015
SBA Paycheck Protection Program [Member]
Financing Receivable, Past Due [Line Items]
Current	94,309	139,487
Total Loans	94,309	139,487
Commercial Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Total Loans	1,479,244	1,421,071
Commercial Mortgages [Member] | Multifamily Loan [Member]
Financing Receivable, Past Due [Line Items]
Current	775,303	776,976
Total Loans	775,303	776,976
Commercial Mortgages [Member] | Other Loan [Member]
Financing Receivable, Past Due [Line Items]
Current	564,905	513,176
Total Loans	564,905	513,176
Commercial Mortgages [Member] | Owner-occupied Loan [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual - With No Allowance for Credit Loss		494
Total Past Due Loans & Nonaccrual Loans		494
Current	139,036	130,425
Total Loans	139,036	130,919
Residential Mortgages [Member] | Closed-end [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual - With No Allowance for Credit Loss	260	261
Total Past Due Loans & Nonaccrual Loans	260	1,618
Current	1,244,179	1,315,109
Total Loans	1,244,439	1,316,727
Residential Mortgages [Member] | Revolving Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual - With No Allowance for Credit Loss		367
Total Past Due Loans & Nonaccrual Loans	202	367
Current	49,491	53,638
Total Loans	49,693	54,005
Consumer And Other [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due Loans & Nonaccrual Loans	2
Current	905	2,149
Total Loans	907	2,149
30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	238	1,422
30 to 59 Days Past Due [Member] | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Past Due	34	65
30 to 59 Days Past Due [Member] | Residential Mortgages [Member] | Closed-end [Member]
Financing Receivable, Past Due [Line Items]
Past Due		$ 1,357
30 to 59 Days Past Due [Member] | Residential Mortgages [Member] | Revolving Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Past Due	202
30 to 59 Days Past Due [Member] | Consumer And Other [Member]
Financing Receivable, Past Due [Line Items]
Past Due	$ 2

Loans (Amortizaed Cost Basis of

Loans (Amortizaed Cost Basis of Loans by Class of Loans, Vintage and Risk Rating) (Details) - USD ($) $ in Thousands		Jun. 30, 2021		Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		$ 321,789		$ 357,311
Year one		253,273		273,128
Year two		267,886		507,018
Year three		454,380		574,734
Year four		513,253		410,123
Prior		1,075,108		835,606
Revolving Loans		67,716	[1]	75,534	[2]
Total Loans		2,953,405		3,033,454
Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		11,524		24,194
Year one		14,417		10,697
Year two		9,812		7,607
Year three		6,676		10,148
Year four		3,967		5,505
Prior		20,521		21,391
Revolving Loans		17,896	[1]	20,473	[2]
Total Loans		84,813		100,015
Receivables converted to term loan		5,300		2,900
Commercial And Industrial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		11,524		22,848
Year one		13,417		8,789
Year two		8,026		7,542
Year three		6,676		6,033
Year four		3,967		5,505
Prior		20,521		19,086
Revolving Loans		17,896	[1]	20,473	[2]
Total Loans		82,027		90,276
Commercial And Industrial [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year one				1,508
Year two		1,436
Year three				4,000
Prior				1,842
Total Loans		1,436		7,350
Commercial And Industrial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year				48
Year two				65
Year three				115
Prior				301
Total Loans				529
Commercial And Industrial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year				1,298
Year one		1,000		400
Year two		350
Prior				162
Total Loans		1,350		1,860
SBA Paycheck Protection Program [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		78,950		139,487
Year one		15,359
Total Loans		94,309		139,487
SBA Paycheck Protection Program [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		78,950		139,487
Year one		15,359
Total Loans		94,309		139,487
Commercial Mortgages [Member] | Multifamily Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		53,884		25,719
Year one		40,607		152,142
Year two		150,875		160,998
Year three		154,457		162,981
Year four		151,745		32,609
Prior		223,735		242,527
Total Loans		775,303		776,976
Commercial Mortgages [Member] | Other Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		69,717		117,602
Year one		118,890		44,398
Year two		43,994		49,873
Year three		49,482		50,547
Year four		45,716		105,512
Prior		237,106		145,244
Total Loans		564,905		513,176
Commercial Mortgages [Member] | Owner-occupied Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		16,600		11,444
Year one		20,790		43,500
Year two		43,096		8,751
Year three		7,309		11,333
Year four		10,751		12,388
Prior		40,490		43,503
Total Loans		139,036		130,919
Commercial Mortgages [Member] | Pass [Member] | Multifamily Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		53,884		25,719
Year one		40,607		152,142
Year two		150,875		160,998
Year three		154,457		152,648
Year four		145,241		30,342
Prior		218,899		242,527
Total Loans		763,963		764,376
Commercial Mortgages [Member] | Pass [Member] | Other Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		69,717		117,602
Year one		118,890		44,398
Year two		43,994		49,873
Year three		49,482		50,547
Year four		45,716		105,512
Prior		225,812		137,960
Total Loans		553,611		505,892
Commercial Mortgages [Member] | Pass [Member] | Owner-occupied Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		16,600		11,444
Year one		20,790		37,406
Year two		37,069		8,751
Year three		7,309		9,493
Year four		8,938		12,388
Prior		40,490		43,009
Total Loans		131,196		122,491
Commercial Mortgages [Member] | Watch [Member] | Multifamily Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year three				3,772
Year four				2,267
Prior		4,836
Total Loans		4,836		6,039
Commercial Mortgages [Member] | Watch [Member] | Other Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Prior		5,414		1,403
Total Loans		5,414		1,403
Commercial Mortgages [Member] | Watch [Member] | Owner-occupied Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year one				6,094
Year two		6,027
Total Loans		6,027		6,094
Commercial Mortgages [Member] | Substandard [Member] | Multifamily Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year three				6,561
Year four		6,504
Total Loans		6,504		6,561
Commercial Mortgages [Member] | Substandard [Member] | Other Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Prior		5,880		5,881
Total Loans		5,880		5,881
Commercial Mortgages [Member] | Substandard [Member] | Owner-occupied Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year three				1,840
Year four		1,813
Prior				494
Total Loans		1,813		2,334
Residential Mortgages [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		91,110		38,759
Year one		43,149		21,964
Year two		19,974		279,786
Year three		236,451		339,700
Year four		301,055		253,873
Prior		552,700		382,645
Revolving Loans		49,693	[1]	54,005	[2]
Total Loans		1,294,132		1,370,732
Receivables converted to term loan		10,500		10,500
Residential Mortgages [Member] | Closed-end [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans		1,244,439		1,316,727
Residential Mortgages [Member] | Revolving Home Equity [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans		49,693		54,005
Residential Mortgages [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		91,110		38,759
Year one		43,149		21,964
Year two		19,974		279,329
Year three		235,998		339,700
Year four		301,055		253,873
Prior		551,921		381,842
Revolving Loans		49,693	[1]	53,223	[2]
Total Loans		1,292,900		1,368,690
Residential Mortgages [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Prior		294		298
Revolving Loans	[2]			414
Total Loans		294		712
Residential Mortgages [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year two				457
Year three		453
Prior		485		505
Revolving Loans	[2]			368
Total Loans		938		1,330
Consumer And Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		4		106
Year one		61		427
Year two		135		3
Year three		5		25
Year four		19		236
Prior		556		296
Revolving Loans		127	[1]	1,056	[2]
Total Loans		907		2,149
Consumer And Other [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current year		4		106
Year one		61		198
Year two		135		3
Year three		5		25
Year four		19		236
Prior		556		296
Total Loans		780		864
Consumer And Other [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year one				229
Total Loans				229
Consumer And Other [Member] | Not Rated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans		127	[1]	1,056	[2]
Total Loans		$ 127		$ 1,056
[1]	Includes commercial and industrial and residential mortgage lines converted to term of $ 5.3 million and $ 10.5 million, respectively.
[2]	Includes commercial and industrial and residential mortgage lines converted to term of $ 2.9 million and $ 10.5 million, respectively.

Stock-based Compensation (Narra

Stock-based Compensation (Narrative) (Details) - USD ($) $ in Millions	Apr. 20, 2021	Jun. 30, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 2.6
Weighted average period expected to be recognized		1 year 4 months 24 days
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of RSUs outstanding		226,750	164,996
RSUs shares expected to vest		71,603
Equity Incentive Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance	0
2021 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized	23,167
Number of shares authorized	750,000
2021 Equity Incentive Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award minimum vesting period	1 year
Percentage of award with one year vesting period	95.00%

Stock-based Compensation (RSU A

Stock-based Compensation (RSU Activity) (Details) - RSUs [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of RSUs | shares	164,996
Outstanding, Weighted-Average Grant-Date Fair Value | $ / shares	$ 20.95
Granted, Number of RSUs | shares	142,313
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	$ 16.06
Converted, Number of RSUs | shares	(80,559)
Converted, Weighted-Average Grant-Date Fair Value | $ / shares	$ 21.48
Outstanding, Number of RSUs | shares	226,750
Outstanding, Weighted-Average Grant-Date Fair Value | $ / shares	$ 17.68
Outstanding, Weighted Average Remaining Contractual Term	1 year 3 months 3 days
Outstanding, Aggregate Intrinsic Value | $	$ 4,814

Stock-based Compensation (Stock

Stock-based Compensation (Stock Option Activity) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Stock-based Compensation [Abstract]
Outstanding, Number of Options | shares	11,031
Outstanding, Weighted-Average Exercise Price | $ / shares	$ 13.18
Exercised, Number of Options | shares	(10,281)
Exercised, Weighted-Average Exercise Price | $ / shares	$ 12.90
Outstanding and exercisable, Number of Options | shares	750
Outstanding and exercisable, Weighted-Average Exercise Price | $ / shares	$ 17.06
Outstanding and exercisable, Weighted-Average Remaining Contractual Term	3 years 11 months 4 days
Outstanding and exercisable, Aggregate Intrinsic Value | $	$ 3

Fair Value Of Financial Instr_3

Fair Value Of Financial Instruments (Narrative) (Details)	6 Months Ended
	Jun. 30, 2021USD ($)item	Dec. 31, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities, Fair value	$ 806,198,000	$ 662,722,000
State And Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities, Fair value	344,634,000	364,211,000
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities, Fair value	806,198,000	662,722,000
Fair Value, Measurements, Recurring [Member] | State And Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities, Fair value	344,634,000	364,211,000
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities, Fair value	1,328,000	1,435,000
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | State And Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities, Fair value	$ 1,328,000	$ 1,435,000
Number of non-rated bond anticipation notes | item	6
Maturity period	1 year

Fair Value Of Financial Instr_4

Fair Value Of Financial Instruments (Assets Measured On Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 806,198	$ 662,722
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	806,198	662,722
Derivative - interest rate swaps	2,785	5,285
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	804,870	661,287
Derivative - interest rate swaps	2,785	5,285
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	1,328	1,435
Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	118,349	113,080
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	118,349	113,080
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	118,349	113,080
State And Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	344,634	364,211
State And Municipals [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	344,634	364,211
State And Municipals [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	343,306	362,776
State And Municipals [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	1,328	1,435
Pass-Through Mortgage Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	223,996	131,720
Pass-Through Mortgage Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	223,996	131,720
Pass-Through Mortgage Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	223,996	131,720
Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	119,219	53,711
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	119,219	53,711
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 119,219	$ 53,711

Fair Value Of Financial Instr_5

Fair Value Of Financial Instruments (Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial Assets:
Restricted stock	$ 19,901	$ 20,814
Financial Liabilities:
Checking deposits	1,318,941	1,208,073
Savings, NOW and money market deposits	1,833,590	1,679,161
Time deposits	231,042	434,354
Carrying Amount [Member] | Level 1 [Member]
Financial Assets:
Cash and cash equivalents	191,002	211,182
Restricted stock	19,901	20,814
Financial Liabilities:
Checking deposits	1,318,941	1,208,073
Savings, NOW and money market deposits	1,833,590	1,679,161
Short-term borrowings	55,000	60,095
Carrying Amount [Member] | Level 2 [Member]
Financial Liabilities:
Time deposits	231,042	434,354
Long-term debt	226,002	246,002
Carrying Amount [Member] | Level 3 [Member]
Financial Assets:
Loans	2,922,437	3,000,417
Fair Value [Member] | Level 1 [Member]
Financial Assets:
Cash and cash equivalents	191,002	211,182
Restricted stock	19,901	20,814
Financial Liabilities:
Checking deposits	1,318,941	1,208,073
Savings, NOW and money market deposits	1,833,590	1,679,161
Short-term borrowings	55,000	60,095
Fair Value [Member] | Level 2 [Member]
Financial Liabilities:
Time deposits	237,781	444,155
Long-term debt	231,176	253,617
Fair Value [Member] | Level 3 [Member]
Financial Assets:
Loans	$ 2,904,931	$ 2,998,325

Derivatives (Narrative) (Detail

Derivatives (Narrative) (Details) - USD ($) $ in Thousands	May 22, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2022	Dec. 31, 2020	Jan. 17, 2019	May 22, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense		$ 4,283	$ 7,673	$ 9,168	$ 17,609
Collateral posted				3,000
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Gain (Loss), Cash Flow Hedge [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense				2,200
Forecast [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Gain (Loss), Cash Flow Hedge [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense						$ 856
FHLB [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense				2,200	$ 1,400
Cash Flow Hedging [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Notional amount		$ 50,000		$ 50,000			$ 200,000	$ 50,000	$ 150,000
Payment for Brokered certificates of deposit	$ 150,000

Derivatives (Schedule Of Intere

Derivatives (Schedule Of Interest Rate Swaps) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Jan. 17, 2019	May 22, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 50	$ 200	$ 50	$ 150
Weighted average fixed pay rate	2.62%	2.83%
Weighted average 3-month LIBOR receive rate	0.19%	0.22%
Weighted average maturity	2 years 6 months 18 days	1 year 21 days

Derivatives (Schedule Of Losses

Derivatives (Schedule Of Losses Recorded In The Consolidated Statements Of Income And The Consolidated Statements Of Comprehensive Income) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in OCI (effective portion)		$ (33)	$ (494)	$ 267	$ (4,768)
Amount of loss reclassified from OCI to interest expense	[1]	919	856	2,233	1,366
Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in OCI (effective portion)		(33)	(494)	267	(4,768)
Amount of loss reclassified from OCI to interest expense		$ 919	$ 856	$ 2,233	$ 1,366
[1]	Represents the net interest expense recorded on derivative transactions and included in the consolidated statements of income under “Interest expense.”

Derivatives (Schedule Of Cash F

Derivatives (Schedule Of Cash Flow Hedges Included In The Consolidated Balance Sheets) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jan. 17, 2019	May 22, 2018
Derivatives, Fair Value [Line Items]
Notional amount	$ 50,000	$ 200,000	$ 50,000	$ 150,000
Interest Rate Swaps [Member] | Brokered CDs [Member]
Derivatives, Fair Value [Line Items]
Notional amount		150,000
Interest Rate Swaps [Member] | FHLB [Member]
Derivatives, Fair Value [Line Items]
Notional amount	50,000	50,000
Interest Rate Swaps [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair Value Liability	$ 2,785	$ 5,285