Flushing Financial (FFIC) 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 30, 2016
Entity Registrant Name	Flushing Financial Corporation
Entity Central Index Key	923,139
Trading Symbol	ffic
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		28,969,566
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Multi-Family Residential [Member]
Loans:
Loans Receivable	$ 2,039,794,000	$ 2,055,228,000
Commercial Real Estate Loans [Member]
Loans:
Loans Receivable	1,058,028,000	1,001,236,000
One-To-Four Family - Mixed Used Property [Member]
Loans:
Loans Receivable	571,846,000	573,043,000
One-To-Four Family - Residential [Member]
Loans:
Loans Receivable	191,158,000	187,838,000
Co-Operative Apartments [Member]
Loans:
Loans Receivable	8,182,000	8,285,000
Construction [Member]
Loans:
Loans Receivable	7,472,000	7,284,000
Small Business Administration [Member]
Loans:
Loans Receivable	14,701,000	12,194,000
Taxi Medallion [Member]
Loans:
Loans Receivable	20,757,000	20,881,000
Commercial Business and Other [Member]
Loans:
Loans Receivable	531,322,000	506,622,000
Cash and due from banks	51,417,000	42,363,000
Other securities (none pledged) (fair value of $7,885 and $6,180 at March 31, 2016 and December 31, 2015, respectively)	7,885,000	6,180,000
Mortgage-backed securities (including assets pledged of $523,749 and $496,121 at March 31, 2016 and December 31, 2015, respectively; $2,403 and $2,527 at fair value pursuant to the fair value option at March 31, 2016 and December 31, 2015, respectively.)	668,412,000	668,740,000
Other securities (including assets pledged of $74,885 and none at March 31, 2016 and December 31, 2015, respectively; $28,361 and $28,205 at fair value pursuant to the fair value option at March 31, 2016 and December 31, 2015, respectively)	372,851,000	324,657,000
Net unamortized premiums and unearned loan fees	15,281,000	15,368,000
Allowance for loan losses	(21,993,000)	(21,535,000)
Net loans	4,436,548,000	4,366,444,000
Interest and dividends receivable	19,369,000	18,937,000
Bank premises and equipment, net	25,130,000	25,622,000
Federal Home Loan Bank of New York stock	53,368,000	56,066,000
Bank owned life insurance	114,405,000	115,536,000
Goodwill	16,127,000	16,127,000
Other assets	47,555,000	63,962,000
Total assets	5,813,067,000	5,704,634,000
LIABILITIES
Non-interest bearing	280,450,000	269,469,000
Certificate of deposit accounts	1,362,062,000	1,403,302,000
Savings accounts	268,057,000	261,748,000
Money market accounts	485,774,000	472,489,000
NOW accounts	1,610,932,000	1,448,695,000
Total interest-bearing deposits	3,726,825,000	3,586,234,000
Mortgagors' escrow deposits	56,612,000	36,844,000
Borrowed funds ($27,977 and $29,018 at fair value pursuant to the fair value option at March 31, 2016 and December 31, 2015, respectively)	1,074,789,000	1,155,676,000
Securities sold under agreements to repurchase	116,000,000	116,000,000
Other liabilities	70,612,000	67,344,000
Total liabilities	5,325,288,000	5,231,567,000
STOCKHOLDERS' EQUITY
Preferred stock ($0.01 par value; 5,000,000 shares authorized; None issued)	0	0
Common stock ($0.01 par value; 100,000,000 shares authorized; 31,530,595 shares issued at March 31, 2016 and December 31, 2015; 28,986,566 shares and 28,830,558 shares outstanding at March 31, 2016 and December 31, 2015, respectively)	315,000	315,000
Additional paid-in capital	211,735,000	210,652,000
Treasury stock, at average cost (2,544,029 shares and 2,700,037 shares at March 31, 2016 and December 31, 2015, respectively)	(46,307,000)	(48,868,000)
Retained earnings	320,725,000	316,530,000
Accumulated other comprehensive income (loss), net of taxes	1,311,000	(5,562,000)
Total stockholders' equity	487,779,000	473,067,000
Total liabilities and stockholders' equity	$ 5,813,067,000	$ 5,704,634,000

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Other securities, fair value option	$ 7,885,000	$ 6,180,000
Mortgage-backed securities, assets pledged	523,749,000	496,121,000
Mortgage-backed securities, fair value option	2,403,000	2,527,000
Other securities, assets pledged	74,885,000	0
Other securities, fair value option	28,361,000	28,205,000
Borrowed funds, fair value option	$ 27,977,000	$ 29,018,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	31,530,595	31,530,595
Common stock, shares outstanding (in shares)	28,986,566	28,830,558
Treasury stock, at average cost (in shares)	2,544,029	2,700,037

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income
Interest and fees on loans		$ 47,558	$ 43,534
Interest and dividends on securities:
Interest		6,592	5,870
Dividends		119	118
Other interest income		94	21
Total interest and dividend income		54,363	49,543
Interest expense
Deposits		7,973	7,458
Other interest expense		5,257	4,531
Total interest expense		13,230	11,989
Net interest income		$ 41,133	37,554
Benefit for loan losses			(734)
Net interest income after benefit for loan losses		$ 41,133	38,288
Non-interest income
Banking services fee income		976	884
Net gain on sale of loans		341	2
Net loss from fair value adjustments		(987)	(595)
Federal Home Loan Bank of New York stock dividends		623	$ 518
Gain from life insurance proceeds		411
Bank owned life insurance		695	$ 717
Other income		481	404
Total non-interest income		2,540	1,930
Non-interest expense
Salaries and employee benefits		16,261	14,666
Occupancy and equipment		2,370	2,713
Professional services		2,150	1,779
FDIC deposit insurance		904	749
Data processing		1,091	1,075
Depreciation and amortization		1,032	668
Other real estate owned/foreclosure expense		153	520
Other operating expenses		4,536	3,769
Total non-interest expense		28,497	25,939
Income before income taxes		15,176	14,279
Provision for income taxes
Federal		4,747	4,252
State and local		868	1,294
Total taxes		5,615	5,546
Net income		$ 9,561	$ 8,733
Basic earnings per common share (in dollars per share)		$ 0.33	$ 0.30
Diluted earnings per common share (in dollars per share)	[1]	0.33	0.30
Dividends per common share (in dollars per share)		$ 0.17	$ 0.16
[1]	For the three months ended March 31, 2016 and 2015, there were no stock options that were anti-dilutive.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 9,561	$ 8,733
Other comprehensive income, net of tax:
Amortization of actuarial losses, net of taxes of ($83) and ($133) for the three months ended March 31, 2016 and 2015, respectively	109	174
Amortization of prior service credits, net of taxes of $5 and $5 for the three months ended March 31, 2016 and 2015, respectively	(6)	(6)
Net unrealized gains on securities, net of taxes of ($5,028) and ($3,293) for the three months ended March 31, 2016 and 2015, respectively	6,770	4,332
Total other comprehensive income, net of tax	6,873	4,500
Comprehensive income	$ 16,434	$ 13,233

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Amortization of actuarial losses, tax	$ (83)	$ (133)
Amortization of prior service credits, tax	5	5
Net unrealized gains on securities, tax	$ (5,028)	$ (3,293)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 9,561	$ 8,733
Purchases of bank premises and equipment	(540)	(5,229)
Net (purchases) redemptions of Federal Home Loan Bank of New York shares	2,698	$ (3,564)
Purchases of securities held-to-maturity	(2,330)
Proceeds from maturities of securities held-to-maturity	2,000
Purchases of securities available for sale	(58,472)	$ (48,962)
Proceeds from maturities and prepayments of securities available for sale	21,316	$ 31,019
Proceeds from bank owned life insurance	2,237
Net originations of loans	(53,836)	$ (59,071)
Purchases of loans	(12,000)	(111,296)
Proceeds from sale of real estate owned	853	1,594
Proceeds from sale of loans	5,915	1,522
Net cash used in investing activities	$ (92,159)	(193,987)
Adjustments to reconcile net income to net cash provided by operating activities:
Benefit for loan losses		(734)
Depreciation and amortization	$ 1,032	668
Amortization of premium, net of accretion of discount	2,189	2,143
Net loss from fair value adjustments	987	595
Net gain from sale of loans	(341)	(2)
Income from bank owned life insurance	(695)	$ (717)
Gain from life insurance proceeds	(411)
Stock-based compensation expense	2,989	$ 2,778
Deferred compensation	(1,774)	(1,392)
Excess tax benefit from stock-based payment arrangements	(303)	(318)
Deferred income tax provision	1,570	1,925
Decrease in other liabilities	(2,006)	(4,403)
Decrease in other assets	3,798	3,336
Net cash provided by operating activities	16,596	12,612
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in non-interest bearing deposits	10,981	(5,750)
Net increase in interest-bearing deposits	140,370	84,816
Net increase in mortgagors' escrow deposits	19,768	18,222
Net proceeds (repayments) from short-term borrowed funds	(90,000)	41,500
Proceeds from long-term borrowings	81,758	47,706
Repayment of long-term borrowings	(71,727)	(10,000)
Purchases of treasury stock	(1,885)	(3,876)
Excess tax benefit from stock-based payment arrangements	303	$ 318
Proceeds from issuance of common stock upon exercise of stock options	19
Cash dividends paid	(4,970)	$ (4,722)
Net cash provided by financing activities	84,617	168,214
Net increase (decrease) in cash and cash equivalents	9,054	(13,161)
Cash and cash equivalents, beginning of period	42,363	34,265
Cash and cash equivalents, end of period	51,417	21,104
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest paid	12,921	11,948
Income taxes paid	1,000	1,596
Taxes paid if excess tax benefits were not tax deductible	1,303	1,914
Non-cash activities:
Securities purchased not yet settled	1,375	9,877
Loans transferred to Other Real Estate Owned	$ 533	483
Loans provided for the sale of Other Real Estate Owned		$ 175

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Shares Purchased to Fund Options Exercised [Member]Treasury Stock [Member]	Shares Purchased to Fund Options Exercised [Member]	Restricted Stock Awards Repurchased to Satisfy Tax Obligations [Member]Treasury Stock [Member]	Restricted Stock Awards Repurchased to Satisfy Tax Obligations [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2014					$ 315,000	$ 206,437,000	$ 289,623,000	$ (37,221,000)	$ (2,907,000)	$ 456,247,000
Net Income							8,733,000			8,733,000
Award of common shares released from Employee Benefit Trust						1,917,000				1,917,000
Vesting of restricted stock unit award						(3,074,000)	(503,000)	3,577,000
Exercise of stock options						1,000		(1,000)
Stock-based compensation expense						2,769,000				2,769,000
Stock-based income tax benefit						318,000				318,000
Purchase of treasury shares	$ (2,766,000)	$ (2,766,000)	$ (1,110,000)	$ (1,110,000)
Dividends on common stock							(4,722,000)			(4,722,000)
Other comprehensive income									4,500,000	4,500,000
Balance at Mar. 31, 2015					315,000	208,368,000	293,131,000	(37,521,000)	1,593,000	465,886,000
Balance at Dec. 31, 2015					315,000	210,652,000	316,530,000	(48,868,000)	(5,562,000)	473,067,000
Net Income							9,561,000			9,561,000
Award of common shares released from Employee Benefit Trust						1,851,000				1,851,000
Vesting of restricted stock unit award						(4,047,000)	(396,000)	4,443,000
Exercise of stock options						16,000		3,000		19,000
Stock-based compensation expense						2,960,000				2,960,000
Stock-based income tax benefit						303,000				303,000
Purchase of treasury shares	$ (303,000)	$ (303,000)	$ (1,582,000)	$ (1,582,000)
Dividends on common stock							(4,970,000)			(4,970,000)
Other comprehensive income									6,873,000	6,873,000
Balance at Mar. 31, 2016					$ 315,000	$ 211,735,000	$ 320,725,000	$ (46,307,000)	$ 1,311,000	$ 487,779,000

Consolidated Statements of Cha9

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Additional Paid-in Capital [Member]
Award of common shares released from Employee Benefit Trust (in shares)	129,831,000	136,114,000
Shares issued upon vesting of restricted stock unit awards (in shares)	245,111,000	204,110,000
Issuance upon exercise of stock options (in shares)	18,200,000	1,100,000
Treasury Stock [Member] | Shares Purchased to Fund Options Exercised [Member]
Purchases of shares (in shares)	15,300,000	142,315,000
Treasury Stock [Member] | Restricted Stock Awards Repurchased to Satisfy Tax Obligations [Member]
Purchases of shares (in shares)	76,656,000	58,461,000
Retained Earnings [Member]
Cash dividends declared and paid on common shares (in dollars per share)	$ 0.17	$ 0.16
Issuance upon exercise of stock options (in shares)	18,200

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Basis of Accounting [Text Block]	Basis of Presentation The primary business of Flushing Financial Corporation (the “Holding Company”), a Delaware corporation, is the operation of its wholly-owned subsidiary, Flushing Bank (the “Bank”). The unaudited consolidated financial statements presented in this Quarterly Report on Form 10-Q (“Quarterly Report”) include the collective results of the Holding Company and its direct and indirect wholly-owned subsidiaries, including the Bank, Flushing Preferred Funding Corporation, Flushing Service Corporation, and FSB Properties Inc., which are collectively herein referred to as “we,” “us,” “our” and the “Company.” The Holding Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III, and Flushing Financial Capital Trust IV (the “Trusts”), which are special purpose business trusts. The Trusts are not included in the Company’s consolidated financial statements as the Company would not absorb the losses of the Trusts if any losses were to occur. The accompanying unaudited consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. The information furnished in these interim statements reflects all adjustments which are, in the opinion of management, necessary for a fair statement of the results for such presented periods of the Company. Such adjustments are of a normal recurring nature, unless otherwise disclosed in this Quarterly Report. All inter-company balances and transactions have been eliminated in consolidation. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited consolidated financial statements have been prepared in conformity with the instructions to Quarterly Report on Form 10-Q and Article 10, Rule 10-01 of Regulation S-X for interim financial statements. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The unaudited consolidated interim financial information should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Note 2 - Use of Estimates

Note 2 - Use of Estimates	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Use of Estimates, Policy [Policy Text Block]	2. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting period. Estimates that are particularly susceptible to change in the near term are used in connection with the determination of the allowance for loan losses (“ALLL”), the evaluation of goodwill for impairment, the review of the need for a valuation allowance of the Company’s deferred tax assets, the fair value of financial instruments including the evaluation of other-than-temporary impairment (“OTTI”) on securities. Actual results could differ from these estimates.

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	3. Earnings Per Share Basic earnings per common share is computed by dividing net income available to common shareholders by the total weighted average number of common shares outstanding, which includes unvested participating securities. Unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and as such are included in the calculation of earnings per share. The Company’s unvested restricted stock unit awards are considered participating securities. Therefore, weighted average common shares outstanding used for computing basic earnings per common share includes common shares outstanding plus unvested restricted stock unit awards. The computation of diluted earnings per share includes the additional dilutive effect of stock options outstanding and other common stock equivalents during the period. Common stock equivalents that are anti-dilutive are not included in the computation of diluted earnings per common share. The numerator for calculating basic and diluted earnings per common share is net income available to common shareholders. The shares held in the Company’s Employee Benefit Trust are not included in shares outstanding for purposes of calculating earnings per common share. Earnings per common share have been computed based on the following: For the three months ended (Dollars in thousands, except per share data) 2016 2015 Net income, as reported $ 9,561 $ 8,733 Divided by: Weighted average common shares outstanding 29,097 29,397 Weighted average common stock equivalents 14 22 Total weighted average common shares outstanding and common stock equivalents 29,111 29,419 Basic earnings per common share $ 0.33 $ 0.30 Diluted earnings per common share (1) $ 0.33 $ 0.30 Dividend payout ratio 51.5 % 53.3 % (1) For the three months ended March 31, 2016 and 2015, there were no stock options that were anti-dilutive.

Note 4 - Debt and Equity Securi

Note 4 - Debt and Equity Securities	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	4. Debt and Equity Securities The Company’s investments in equity securities that have readily determinable fair values and all investments in debt securities are classified in one of the following three categories and accounted for accordingly: (1) trading securities, (2) securities available for sale and (3) securities held-to-maturity. The Company did not hold any trading securities at March 31, 2016 and December 31, 2015. Securities available for sale are recorded at fair value. Securities held-to-maturity are recorded at amortized cost. The following table summarizes the Company’s portfolio of securities held-to-maturity at March 31, 2016: Amortized Fair Value Gross Gross (In thousands) Securites held-to-maturity: Municipals $ 7,885 $ 7,885 $ - $ - Total $ 7,885 $ 7,885 $ - $ - The following table summarizes the Company’s portfolio of securities held-to-maturity at December 31, 2015: Amortized Fair Value Gross Gross (In thousands) Securites held-to-maturity: Municipals $ 6,180 $ 6,180 $ - $ - Total $ 6,180 $ 6,180 $ - $ - The following table summarizes the Company’s portfolio of securities available for sale at March 31, 2016: Amortized Fair Value Gross Gross (In thousands) Corporate $ 115,993 $ 111,399 $ 592 $ 5,186 Municipals 127,023 131,869 4,846 - Mutual funds 21,507 21,507 - - Collateralized loan obligations 101,613 100,926 33 720 Other 7,154 7,150 - 4 Total other securities 373,290 372,851 5,471 5,910 REMIC and CMO 462,677 470,194 8,107 590 GNMA 10,832 11,122 325 35 FNMA 167,229 170,511 3,543 261 FHLMC 16,351 16,585 234 - Total mortgage-backed securities 657,089 668,412 12,209 886 Total securities available for sale $ 1,030,379 $ 1,041,263 $ 17,680 $ 6,796 Mortgage-backed securities shown in the table above includes one private issue collateralized mortgage obligation (“CMO”) that is collateralized by commercial real estate mortgages with amortized cost and market value of $7.6 million at March 31, 2016. The following table summarizes the Company’s portfolio of securities available for sale at December 31, 2015: Amortized Fair Value Gross Gross (In thousands) Corporate $ 115,976 $ 111,674 $ 134 $ 4,436 Municipals 127,696 131,583 3,887 - Mutual funds 21,290 21,290 - - Collateralized loan obligations 53,225 52,898 - 327 Other 7,214 7,212 - 2 Total other securities 325,401 324,657 4,021 4,765 REMIC and CMO 469,987 469,936 3,096 3,147 GNMA 11,635 11,798 302 139 FNMA 170,327 170,057 1,492 1,762 FHLMC 16,961 16,949 87 99 Total mortgage-backed securities 668,910 668,740 4,977 5,147 Total securities available for sale $ 994,311 $ 993,397 $ 8,998 $ 9,912 Mortgage-backed securities shown in the table above includes one private issue CMO that is collateralized by commercial real estate mortgages with an amortized cost and market value of $7.7 million at December 31, 2015. The following table details the amortized cost and fair value of the Company’s securities classified as held-to-maturity at March 31, 2016, by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Value (In thousands) Due in one year or less $ 6,845 $ 6,845 Due after one year through five years 1,040 1,040 Total securities held-to-maturity $ 7,885 $ 7,885 The amortized cost and fair value of the Company’s securities, classified as available for sale at March 31, 2016, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Value (In thousands) Due in one year or less $ 5,993 $ 6,003 Due after one year through five years 1,825 1,855 Due after five years through ten years 74,821 74,261 Due after ten years 269,144 269,225 Total other securities 351,783 351,344 Mutual funds 21,507 21,507 Mortgage-backed securities 657,089 668,412 Total securities available for sale $ 1,030,379 $ 1,041,263 The following table shows the Company’s available for sale securities with gross unrealized losses and their fair value, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2016: Total Less than 12 months 12 months or more Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (Dollars in thousands) Corporate 11 $ 74,813 $ 5,186 $ 56,128 $ 3,871 $ 18,685 $ 1,315 Collateralized loan obligations 9 72,328 720 72,328 720 - - Other 1 296 4 - - 296 4 Total other securities 21 147,437 5,910 128,456 4,591 18,981 1,319 REMIC and CMO 10 49,379 590 13,733 60 35,646 530 GNMA 1 6,786 35 - - 6,786 35 FNMA 4 26,415 261 - - 26,415 261 Total mortgage-backed securities 15 82,580 886 13,733 60 68,847 826 Total securities available for sale 36 $ 230,017 $ 6,796 $ 142,189 $ 4,651 $ 87,828 $ 2,145 The following table shows the Company’s available for sale securities with gross unrealized losses and their fair value, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2015: Total Less than 12 months 12 months or more Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (Dollars in thousands) Corporate 12 $ 85,563 $ 4,436 $ 76,218 $ 3,782 $ 9,345 $ 654 Collateralized loan obligations 7 52,898 327 52,898 327 - - Other 1 298 2 - - 298 2 Total other securities 20 138,759 4,765 129,116 4,109 9,643 656 REMIC and CMO 33 238,132 3,147 182,010 1,642 56,122 1,505 GNMA 1 6,977 139 6,977 139 - - FNMA 20 102,225 1,762 75,769 1,043 26,456 719 FHLMC 3 14,715 99 14,715 99 - - Total mortgage-backed securities 57 362,049 5,147 279,471 2,923 82,578 2,224 Total securities available for sale 77 $ 500,808 $ 9,912 $ 408,587 $ 7,032 $ 92,221 $ 2,880 OTTI losses on impaired securities must be fully recognized in earnings if an investor has the intent to sell the debt security or if it is more likely than not that the investor will be required to sell the debt security before recovery of its amortized cost. However, even if an investor does not expect to sell a debt security, the investor must evaluate the expected cash flows to be received and determine if a credit loss has occurred. In the event that a credit loss has occurred, only the amount of impairment associated with the credit loss is recognized in earnings in the Consolidated Statements of Income. Amounts relating to factors other than credit losses are recorded in accumulated other comprehensive income (“AOCI”) within Stockholders’ Equity. The Company reviewed each investment that had an unrealized loss at March 31, 2016 and December 31, 2015. An unrealized loss exists when the current fair value of an investment is less than its amortized cost basis. Unrealized losses on available for sale securities, that are deemed to be temporary, are recorded in AOCI, net of tax. The unrealized losses in total securities available for sale at March 31, 2016 and December 31, 2015 were caused by movements in interest rates. It is not anticipated that these securities would be settled at a price that is less than the amortized cost of the Company’s investment. Each of these securities is performing according to its terms and, in the opinion of management, will continue to perform according to its terms. The Company does not have the intent to sell these securities and it is more likely than not the Company will not be required to sell the securities before recovery of the securities’ amortized cost basis. This conclusion is based upon considering the Company’s cash and working capital requirements and contractual and regulatory obligations, none of which the Company believes would cause the sale of the securities. Therefore, the Company did not consider these investments to be other-than-temporarily impaired at March 31, 2016 and December 31, 2015. We did not sell any securities during the three months ended March 31, 2016 and 2015.

Note 5 - Loans

Note 5 - Loans	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	5. Loans Loans are reported at their principal outstanding balance net of any unearned income, charge-offs, deferred loan fees and costs on originated loans and unamortized premiums or discounts on purchased loans. Interest on loans is recognized on the accrual basis. The accrual of income on loans is generally discontinued when certain factors, such as contractual delinquency of 90 days or more, indicate reasonable doubt as to the timely collectability of such income. Uncollected interest previously recognized on non-accrual loans is reversed from interest income at the time the loan is placed on non-accrual status. A non-accrual loan can be returned to accrual status when contractual delinquency returns to less than 90 days delinquent. Subsequent cash payments received on non-accrual loans that do not bring the loan to less than 90 days delinquent are recorded on a cash basis. Subsequent cash payments can also be applied first as a reduction of principal until all principal is recovered and then subsequently to interest, if in management’s opinion, it is evident that recovery of all principal due is likely to occur. Loan fees and certain loan origination costs are deferred. Net loan origination costs and premiums or discounts on loans purchased are amortized into interest income over the contractual life of the loans using the level-yield method. Prepayment penalties received on loans which pay in full prior to their scheduled maturity are included in interest income in the period they are collected. The Company maintains an allowance for loan losses at an amount, which, in management’s judgment, is adequate to absorb probable estimated losses inherent in the loan portfolio. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revisions as more information becomes available. An unallocated component is maintained to cover uncertainties that could affect management's estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The allowance is established through a provision for loan losses based on management’s evaluation of the risk inherent in the various components of the loan portfolio and other factors, including historical loan loss experience (which is updated quarterly), current economic conditions, delinquency and non-accrual trends, classified loan levels, risk in the portfolio and volumes and trends in loan types, recent trends in charge-offs, changes in underwriting standards, experience, ability and depth of the Company’s lenders, collection policies and experience, internal loan review function and other external factors. The Company segregated its loans into two portfolios based on year of origination. One portfolio was reviewed for loans originated after December 31, 2009 and a second portfolio for loans originated prior to January 1, 2010. Our decision to segregate the portfolio based upon origination dates was based on changes made in our underwriting standards during 2009. By the end of 2009, all loans were being underwritten based on revised and tightened underwriting standards. Loans originated prior to 2010 have a higher delinquency rate and loss history. Each of the years in the portfolio for loans originated prior to 2010 has a similar delinquency rate. The determination of the amount of the allowance for loan losses includes estimates that are susceptible to significant changes due to changes in appraisal values of collateral, national and local economic conditions and other factors. We review our loan portfolio by separate categories with similar risk and collateral characteristics. Impaired loans are segregated and reviewed separately. All non-accrual loans are classified as impaired loans. The Company’s Board of Directors reviews and approves management’s evaluation of the adequacy of the allowance for loan losses on a quarterly basis. The allowance for loan losses is established through charges to earnings in the form of a provision for loan losses. Increases and decreases in the allowance other than charge-offs and recoveries are included in the provision for loan losses. When a loan or a portion of a loan is determined to be uncollectible, the portion deemed uncollectible is charged against the allowance, and subsequent recoveries, if any, are credited to the allowance. The Company recognizes a loan as non-performing when the borrower has demonstrated the inability to bring the loan current, or due to other circumstances which, in management’s opinion, indicate the borrower will be unable to bring the loan current within a reasonable time. All loans classified as non-performing, which includes all loans past due 90 days or more, are classified as non-accrual unless there is, in our opinion, compelling evidence the borrower will bring the loan current in the immediate future. Appraisals are obtained and/or updated internal evaluations are prepared as soon as practical, and before the loan becomes 90 days delinquent. The loan balances of collateral dependent impaired loans are compared to the property’s updated fair value. The Company considers fair value of collateral dependent loans to be 85% of the appraised or internally estimated value of the property, except for taxi medallion loans. The fair value of the underlying collateral of taxi medallion loans is the value of the underlying medallion based upon the most recently reported arm’s length transaction. The balance which exceeds fair value is generally charged-off. In addition, taxi medallion loans on accrual status with a loan-to-value greater than 100% are classified as impaired and allocated a portion of the ALLL in the amount of the excess of the loan-to-value over the loan’s principal balance. The 85% is based on the actual net proceeds the Bank has received from the sale of other real estate owned (“OREO”) as a percentage of OREO’s appraised value. A loan is considered impaired when, based upon current information, the Company believes it is probable that it will be unable to collect all amounts due, both principal and interest, in accordance with the original terms of the loan. Impaired loans are measured based on the present value of the expected future cash flows discounted at the loan’s effective interest rate or at the loan’s observable market price or, as a practical expedient, the fair value of the collateral if the loan is collateral dependent. Interest income on impaired loans is recorded on the cash basis. The Company reviews each impaired loan on an individual basis to determine if either a charge-off or a valuation allowance needs to be allocated to the loan. The Company does not charge-off or allocate a valuation allowance to loans for which management has concluded the current value of the underlying collateral will allow for recovery of the loan balance either through the sale of the loan or by foreclosure and sale of the property. The Company evaluates the underlying collateral through a third party appraisal, or when a third party appraisal is not available, the Company will use an internal evaluation. The internal evaluations are prepared using an income approach or a sales approach. The income approach is used for income producing properties and uses current revenues less operating expenses to determine the net cash flow of the property. Once the net cash flow is determined, the value of the property is calculated using an appropriate capitalization rate for the property. The sales approach uses comparable sales prices in the market. When an internal evaluation is used, we place greater reliance on the income approach to value the collateral. In preparing internal evaluations of property values, the Company seeks to obtain current data on the subject property from various sources, including: (1) the borrower; (2) copies of existing leases; (3) local real estate brokers and appraisers; (4) public records (such as for real estate taxes and water and sewer charges); (5) comparable sales and rental data in the market; (6) an inspection of the property and (7) interviews with tenants. These internal evaluations primarily focus on the income approach and comparable sales data to value the property. As of March 31, 2016, we utilized recent third party appraisals of the collateral to measure impairment for $27.3 million, or 80.8%, of collateral dependent impaired loans, and used internal evaluations of the property’s value for $6.5 million, or 19.2%, of collateral dependent impaired loans. The Company may restructure a loan to enable a borrower experiencing financial difficulties to continue making payments when it is deemed to be in the Company’s best long-term interest. This restructure may include reducing the interest rate or amount of the monthly payment for a specified period of time, after which the interest rate and repayment terms revert to the original terms of the loan. We classify these loans as Troubled Debt Restructured (“TDR”). These restructurings have not included a reduction of principal balance. The Company believes that restructuring these loans in this manner will allow certain borrowers to become and remain current on their loans. All loans classified as TDR are considered impaired, however TDR loans which have been current for six consecutive months at the time they are restructured as TDR remain on accrual status and are not included as part of non-performing loans. Loans which were delinquent at the time they are restructured as a TDR are placed on non-accrual status and reported as non-performing loans until they have made timely payments for six consecutive months. The allocation of a portion of the allowance for loan losses for a performing TDR loan is based upon the present value of the future expected cash flows discounted at the loan’s original effective rate, or for a non-performing TDR which is collateral dependent, the fair value of the collateral. At March 31, 2016, there were no commitments to lend additional funds to borrowers whose loans were modified to a TDR. The modification of loans to a TDR did not have a significant effect on our operating results, nor did it require a significant allocation of the allowance for loan losses. The Company did not modify and classify any loans as TDR during the three months ended March 31, 2016. The following table shows loans modified and classified as TDR during the period indicated: For the three months ended (Dollars in thousands) Number Balance Modification description Small Business Administration 1 $ 41 Received a below market interest rate and the loan amortization was extended Total 1 $ 41 The recorded investment of the loan modified and classified to a TDR, presented in the table above, was unchanged as there was no principal forgiven in this modification. The following table shows our recorded investment for loans classified as TDR that are performing according to their restructured terms at the periods indicated: March 31, 2016 December 31, 2015 (Dollars in thousands) Number Recorded Number Recorded Multi-family residential 9 $ 2,611 9 $ 2,626 Commercial real estate 3 2,358 3 2,371 One-to-four family - mixed-use property 6 2,042 6 2,052 One-to-four family - residential 1 341 1 343 Small business administration 1 32 1 34 Commercial business and other 4 2,038 4 2,083 Total performing troubled debt restructured 24 $ 9,422 24 $ 9,509 During the three months ended March 31, 2016 and 2015, there were no TDR loans transferred to non-performing status. The following table shows our recorded investment for loans classified as TDR that are not performing according to their restructured terms at the periods indicated: March 31, 2016 December 31, 2015 (Dollars in thousands) Number Recorded Number Recorded Multi-family residential 1 $ 385 1 $ 391 Total troubled debt restructurings that subsequently defaulted 1 $ 385 1 391 The following table shows our non-performing loans at the periods indicated: (In thousands) March 31, December 31, Loans ninety days or more past due and still accruing: Multi-family residential $ 792 $ 233 Commercial real estate 1,083 1,183 One-to-four family - mixed-use property 743 611 One-to-four family - residential 13 13 Construction 570 1,000 Commercial Business and other - 220 Total 3,201 3,260 Non-accrual mortgage loans: Multi-family residential 3,518 3,561 Commercial real estate 3,295 2,398 One-to-four family - mixed-use property 5,519 5,952 One-to-four family - residential 8,861 10,120 Total 21,193 22,031 Non-accrual non-mortgage loans: Small business administration 201 218 Taxi Medallion 196 - Commercial business and other 511 568 Total 908 786 Total non-accrual loans 22,101 22,817 Total non-accrual loans and loans ninety days or more past due and still accruing $ 25,302 $ 26,077 The following is a summary of interest foregone on non-accrual loans and loans classified as TDR for the periods indicated: For the three months ended 2016 2015 (In thousands) Interest income that would have been recognized had the loans performed in accordance with their original terms $ 540 $ 691 Less: Interest income included in the results of operations 123 148 Total foregone interest $ 417 $ 543 The following tables show an age analysis of our recorded investment in loans, including performing loans past maturity, at the periods indicated: March 31, 2016 (In thousands) 30 - 59 Days 60 - 89 Days Greater Total Past Current Total Loans Multi-family residential $ 6,644 $ 445 $ 4,310 $ 11,399 $ 2,028,395 $ 2,039,794 Commercial real estate 767 381 4,378 5,526 1,052,502 1,058,028 One-to-four family - mixed-use property 8,961 326 6,262 15,549 556,297 571,846 One-to-four family - residential 2,711 276 8,677 11,664 179,494 191,158 Co-operative apartments - - - - 8,182 8,182 Construction loans - - 570 570 6,902 7,472 Small Business Administration 37 - 201 238 14,463 14,701 Taxi medallion 860 - 196 1,056 19,701 20,757 Commercial business and other - 1 353 354 530,968 531,322 Total $ 19,980 $ 1,429 $ 24,947 $ 46,356 $ 4,396,904 $ 4,443,260 December 31, 2015 (In thousands) 30 - 59 Days 60 - 89 Days Greater Total Past Current Total Loans Multi-family residential $ 9,421 $ 804 $ 3,794 $ 14,019 $ 2,041,209 $ 2,055,228 Commercial real estate 2,820 153 3,580 6,553 994,683 1,001,236 One-to-four family - mixed-use property 8,630 1,258 6,563 16,451 556,592 573,043 One-to-four family - residential 4,261 154 10,134 14,549 173,289 187,838 Co-operative apartments - - - - 8,285 8,285 Construction loans - - 1,000 1,000 6,284 7,284 Small Business Administration 42 - 218 260 11,934 12,194 Taxi medallion - - - - 20,881 20,881 Commercial business and other - 2 228 230 506,392 506,622 Total $ 25,174 $ 2,371 $ 25,517 $ 53,062 $ 4,319,549 $ 4,372,611 The following tables show the activity in the allowance for loan losses for the three month periods indicated: March 31, 2016 (in thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family - residential Construction loans Small Business Administration Taxi medallion Commercial business and other Unallocated Total Allowance for credit losses: Beginning balance $ 6,718 $ 4,239 $ 4,227 $ 1,227 $ 50 $ 262 $ 343 $ 4,469 $ - $ 21,535 Charge-off's (42 ) - (14 ) (66 ) - - - (25 ) - (147 ) Recoveries 13 - 187 365 - 31 - 9 - 605 Provision (391 ) (38 ) (893 ) (484 ) 5 (24 ) (8 ) 138 1,695 - Ending balance $ 6,298 $ 4,201 $ 3,507 $ 1,042 $ 55 $ 269 $ 335 $ 4,591 $ 1,695 $ 21,993 Ending balance: individually evaluated for impairment $ 247 $ 171 $ 491 $ 50 $ - $ 47 $ 325 $ 108 $ - $ 1,439 Ending balance: collectively evaluated for impairment $ 6,051 $ 4,030 $ 3,016 $ 992 $ 55 $ 222 $ 10 $ 4,483 $ 1,695 $ 20,554 March 31, 2015 (in thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family - residential Construction loans Small Business Administration Taxi medallion Commercial business and other Total Allowance for credit losses: Beginning balance $ 8,827 $ 4,202 $ 5,840 $ 1,690 $ 42 $ 279 $ 11 $ 4,205 $ 25,096 Charge-off's (97 ) (18 ) (78 ) (153 ) - - - (51 ) (397 ) Recoveries 23 72 3 - - 20 - 8 126 Provision (benefit) (124 ) (354 ) (336 ) (72 ) (19 ) (33 ) - 204 (734 ) Ending balance $ 8,629 $ 3,902 $ 5,429 $ 1,465 $ 23 $ 266 $ 11 $ 4,366 $ 24,091 Ending balance: individually evaluated for impairment $ 267 $ 19 $ 566 $ 54 $ - $ - $ - $ 139 $ 1,045 Ending balance: collectively evaluated for impairment $ 8,362 $ 3,883 $ 4,863 $ 1,411 $ 23 $ 266 $ 11 $ 4,227 $ 23,046 The following tables show the manner in which loans were evaluated for impairment at the periods indicated: At March 31, 2016 (In thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family- residential Co-operative apartments Construction loans Small Business Administration Taxi Medallion Commercial business and other Total Financing Receivables: Ending Balance $ 2,039,794 $ 1,058,028 $ 571,846 $ 191,158 $ 8,182 $ 7,472 $ 14,701 $ 20,757 $ 531,322 $ 4,443,260 Ending balance: individually evaluated for impairment $ 8,402 $ 7,560 $ 11,485 $ 11,305 $ - $ 570 $ 402 $ 2,110 $ 4,366 $ 46,200 Ending balance: collectively evaluated for impairment $ 2,031,392 $ 1,050,468 $ 560,361 $ 179,853 $ 8,182 $ 6,902 $ 14,299 $ 18,647 $ 526,956 $ 4,397,060 At December 31, 2015 (In thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family- residential Co-operative apartments Construction loans Small Business Administration Taxi Medallion Commercial business and other Total Financing Receivables: Ending Balance $ 2,055,228 $ 1,001,236 $ 573,043 $ 187,838 $ 8,285 $ 7,284 $ 12,194 $ 20,881 $ 506,622 $ 4,372,611 Ending balance: individually evaluated for impairment $ 8,047 $ 6,183 $ 12,828 $ 12,598 $ - $ 1,000 $ 310 $ 2,118 $ 4,716 $ 47,800 Ending balance: collectively evaluated for impairment $ 2,047,181 $ 995,053 $ 560,215 $ 175,240 $ 8,285 $ 6,284 $ 11,884 $ 18,763 $ 501,906 $ 4,324,811 The following table shows our recorded investment, unpaid principal balance and allocated allowance for loan losses for impaired loans at the periods indicated: March 31, 2016 December 31, 2015 Recorded Unpaid Related Recorded Unpaid Related (In thousands) With no related allowance recorded: Mortgage loans: Multi-family residential $ 6,108 $ 6,818 $ - $ 5,742 $ 6,410 $ - Commercial real estate 5,202 5,259 - 3,812 3,869 - One-to-four family mixed-use property 8,754 9,698 - 10,082 11,335 - One-to-four family residential 10,964 12,558 - 12,255 14,345 - Co-operative apartments - - - - - - Construction 570 570 - 1,000 1,000 - Non-mortgage loans: Small Business Administration 252 252 - 276 276 - Taxi Medallion - - - - - - Commercial Business and other 2,374 2,744 - 2,682 5,347 - Total loans with no related allowance recorded 34,224 37,899 - 35,849 42,582 - With an allowance recorded: Mortgage loans: Multi-family residential 2,294 2,294 247 2,305 2,305 252 Commercial real estate 2,358 2,358 171 2,371 2,371 180 One-to-four family mixed-use property 2,731 2,731 491 2,746 2,746 502 One-to-four family residential 341 341 50 343 343 51 Co-operative apartments - - - - - - Construction - - - - - - Non-mortgage loans: Small Business Administration 150 150 47 34 34 - Taxi Medallion 2,110 2,110 325 2,118 2,118 333 Commercial Business and other 1,992 1,992 108 2,034 2,034 112 Total loans with an allowance recorded 11,976 11,976 1,439 11,951 11,951 1,430 Total Impaired Loans: Total mortgage loans $ 39,322 $ 42,627 $ 959 $ 40,656 $ 44,724 $ 985 Total non-mortgage loans $ 6,878 $ 7,248 $ 480 $ 7,144 $ 9,809 $ 445 The following table shows our average recorded investment and interest income recognized for impaired loans for the periods indicated: March 31, 2016 March 31, 2015 Average Interest Average Interest (In thousands) With no related allowance recorded: Mortgage loans: Multi-family residential $ 5,925 $ 17 $ 10,905 $ 56 Commercial real estate 4,507 12 6,567 39 One-to-four family mixed-use property 9,418 33 11,749 57 One-to-four family residential 11,610 27 13,210 25 Co-operative apartments - - - - Construction 785 - - - Non-mortgage loans: Small Business Administration 264 3 159 1 Taxi Medallion - - - - Commercial Business and other 2,528 46 4,511 69 Total loans with no related allowance recorded 35,037 138 47,101 247 With an allowance recorded: Mortgage loans: Multi-family residential 2,300 29 2,597 32 Commercial real estate 2,365 28 1,458 7 One-to-four family mixed-use property 2,739 38 3,085 42 One-to-four family residential 342 3 353 4 Co-operative apartments - - - - Construction - - - - Non-mortgage loans: Small Business Administration 92 2 21 1 Taxi Medallion 2,114 15 - - Commercial Business and other 2,013 25 2,660 35 Total loans with an allowance recorded 11,965 140 10,174 121 Total Impaired Loans: Total mortgage loans $ 39,991 $ 187 $ 49,924 $ 262 Total non-mortgage loans $ 7,011 $ 91 $ 7,351 $ 106 In accordance with our policy and the current regulatory guidelines, we designate loans as “Special Mention,” which are considered “Criticized Loans,” and “Substandard,” “Doubtful,” or “Loss,” which are considered “Classified Loans”. If a loan does not fall within one of the previous mentioned categories then the loan would be considered “Pass.” Loans that are non-accrual are designated as Substandard, Doubtful or Loss. These loan designations are updated quarterly. We designate a loan as Substandard when a well-defined weakness is identified that jeopardizes the orderly liquidation of the debt. We designate a loan Doubtful when it displays the inherent weakness of a Substandard loan with the added provision that collection of the debt in full, on the basis of existing facts, is highly improbable. We designate a loan as Loss if it is deemed the debtor is incapable of repayment. The Company does not hold any loans designated as Loss, as loans that are designated as Loss are charged to the Allowance for Loan Losses. We designate a loan as Special Mention if the asset does not warrant classification within one of the other classifications, but does contain a potential weakness that deserves closer attention. The following table sets forth the recorded investment in loans designated as Criticized or Classified at the periods indicated: March 31, 2016 (In thousands) Special Mention Substandard Doubtful Loss Total Multi-family residential $ 8,505 $ 5,790 $ - $ - $ 14,295 Commercial real estate 1,500 5,203 - - 6,703 One-to-four family - mixed-use property 2,716 9,657 - - 12,373 One-to-four family - residential 1,538 10,964 - - 12,502 Co-operative apartments - - - - - Construction loans - 570 - - 570 Small Business Administration 504 326 - - 830 Taxi Medallion - 2,110 - - 2,110 Commercial business and other 147 2,803 - - 2,950 Total loans $ 14,910 $ 37,423 $ - $ - $ 52,333 December 31, 2015 (In thousands) Special Mention Substandard Doubtful Loss Total Multi-family residential $ 4,361 $ 5,421 $ - $ - $ 9,782 Commercial real estate 1,821 3,812 - - 5,633 One-to-four family - mixed-use property 3,087 10,990 - - 14,077 One-to-four family - residential 1,437 12,255 - - 13,692 Co-operative apartments - - - - - Construction loans - 1,000 - - 1,000 Small Business Administration 229 224 - - 453 Taxi Medallion - 2,118 - - 2,118 Commercial business and other - 3,123 - - 3,123 Total loans $ 10,935 $ 38,943 $ - $ - $ 49,878 Commitments to extend credit (principally real estate mortgage loans) and lines of credit (principally home equity lines of credit and business lines of credit) amounted to $164.1 million and $219.6 million, respectively, at March 31, 2016.

Note 6 - Loans Held for Sale

Note 6 - Loans Held for Sale	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Loans Held for Sale [Text Block]	6. Loans held for sale Loans held for sale are carried at the lower of cost or estimated fair value. At March 31, 2016 and December 31, 2015, the Bank did not have any loans held for sale. The Company has implemented a strategy of selling certain delinquent and non-performing loans. Once the Company has decided to sell a loan, the sale usually closes in a short period of time, generally within the same quarter. Loans designated held for sale are reclassified from loans held for investment to loans held for sale. Terms of sale include cash due upon the closing of the sale, no contingencies or recourse to the Company and servicing is released to the buyer. The following table shows delinquent and non-performing loans sold during the period indicated: For the three months ended (Dollars in thousands) Loans sold Proceeds Net (charge-offs) Net gain Multi-family residential 3 $ 874 $ - $ 2 Commercial real estate 2 192 - - One-to-four family - mixed-use property 4 1,315 - 21 Total (1) 9 $ 2,381 $ - $ 23 1) The above table does not include the sale of six performing small business administration loans for proceeds totaling $3.5 million during the three months ended March 31, 2016. These loans were sold for a net gain of $0.3 million. The following table shows delinquent and non-performing loans sold during the period indicated: For the three months ended (Dollars in thousands) Loans sold Proceeds Net (charge-offs) Net gain Multi-family residential 2 $ 836 $ - $ 2 One-to-four family - mixed-use property 3 686 - - Total 5 $ 1,522 $ - $ 2

Note 7 - Other Real Estate Owne

Note 7 - Other Real Estate Owned	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Real Estate Owned [Text Block]	7. Other Real Estate Owned The following are changes in OREO during the periods indicated: For the three months ended 2016 2015 (In thousands) Balance at beginning of period $ 4,932 $ 6,326 Acquisitions 533 483 Write-down of carrying value (47 ) - Sales (816 ) (1,557 ) Balance at end of period $ 4,602 $ 5,252 The following table shows the gross gains, gross losses and write-downs of OREO reported in the Consolidated Statements of Income during the periods indicated: For the three months ended 2016 2015 (In thousands) Gross gains $ 37 $ 216 Gross losses - (6 ) Total net gain $ 37 $ 210 We may obtain physical possession of residential real estate collateralizing a consumer mortgage loan via foreclosure on an in-substance repossession. During the three months ended March 31, 2016, we did not foreclose on any consumer mortgages through in-substance repossession. OREO are included in other assets on the Company’s balance sheet. At March 31, 2016, we held two foreclosed residential real estate properties totaling $0.6 million and at December 31, 2015, we held one foreclosed residential real estate property for $0.l million. Included within net loans as of March 31, 2016 and December 31, 2015 was a recorded investment of $13.5 million and $15.2 million, respectively, of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction.

Note 8 - Repurchase Agreements

Note 8 - Repurchase Agreements	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]	8. Repurchase Agreements As part of the Company’s strategy to finance investment opportunities and manage its cost of funds, the Company enters into repurchase agreements with broker-dealers and the Federal Home Loan Bank of New York (“FHLB-NY”). These agreements are recorded as financing transactions and the obligations to repurchase are reflected as a liability in the consolidated financial statements. The securities underlying the agreements are delivered to the broker-dealers or the FHLB-NY who arrange the transaction. The securities remain registered in the name of the Company and are returned upon the maturity of the agreement. The Company retains the right of substitution of collateral throughout the terms of the agreements. As a condition of the repurchase agreements the Company is required to provide sufficient collateral. If the fair value of the collateral were to fall below the required level, the Company is obligated to pledge additional collateral. All the repurchase agreements are collateralized by mortgage-backed securities. The following tables shows the type of securities pledged and remaining maturity of repurchase agreements held at the periods indicated: At March 31, 2016 Remaining Contractual Maturity of Agreements Less than 1 year 1 year to 3 years Over 3 years Total (In thousands) Repurchase agreements: Mortgage-backed securities $ 38,000 $ 38,000 $ 40,000 $ 116,000 Total repurchase agreements $ 38,000 $ 38,000 $ 40,000 $ 116,000 At December 31, 2015 Remaining Contractual Maturity of Agreements Less than 1 year 1 year to 3 years Over 3 years Total (In thousands) Repurchase agreements: Mortgage-backed securities $ 38,000 $ 38,000 $ 40,000 $ 116,000 Total repurchase agreements $ 38,000 $ 38,000 $ 40,000 $ 116,000 The fair value of the collateral pledged for the repurchase agreements above was $132.3 million and $131.4 million at March 31, 2016 and December 31, 2015, respectively.

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	9. Stock-Based Compensation For the three months ended March 31, 2016 and 2015, the Company’s net income, as reported, includes $3.0 million and $2.8 million, respectively, of stock-based compensation costs and $1.1 million of income tax benefits related to the stock-based compensation plans in each of the periods. The Company estimates the fair value of stock options using the Black-Scholes valuation model. Key assumptions used to estimate the fair value of stock options include the exercise price of the award, the expected option term, the expected volatility of the Company’s stock price, the risk-free interest rate over the options’ expected term and the annual dividend yield. The Company uses the fair value of the common stock on the date of award to measure compensation cost for restricted stock unit awards. Compensation cost is recognized over the vesting period of the award using the straight line method. During the three months ended March 31, 2016 and 2015, the Company granted 337,175 and 314,520 restricted stock units, respectively. There were no stock options granted during the three months ended March 31, 2016 and 2015. The 2014 Omnibus Incentive Plan (“2014 Omnibus Plan”) became effective on May 20, 2014 after adoption by the Board of Directors and approval by the stockholders. The 2014 Omnibus Plan authorizes the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) to grant a variety of equity compensation awards as well as long-term and annual cash incentive awards, all of which can, but need not, be structured so as to comply with Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The 2014 Omnibus Plan authorizes the issuance of 1,100,000 shares. To the extent that an award under the 2014 Omnibus Plan is cancelled, expired, forfeited, settled in cash, settled by issuance of fewer shares than the number underlying the award, or otherwise terminated without delivery of shares to a participant in payment of the exercise price or taxes relating to an award, the shares retained by or returned to the Company will be available for future issuance under the 2014 Omnibus Plan. No further awards may be granted under the Company’s 2005 Omnibus Incentive Plan, 1996 Stock Option Incentive Plan, and 1996 Restricted Stock Incentive Plan (the “Prior Plans”). At March 31, 2016, there were 473,040 shares available for delivery in connection with awards under the 2014 Omnibus Plan. To satisfy stock option exercises or fund restricted stock and restricted stock unit awards, shares are issued from treasury stock, if available; otherwise new shares are issued. The exercise price per share of a stock option grant may not be less than the fair market value of the common stock of the Company, as defined in the Omnibus Plan, on the date of grant and may not be re-priced without the approval of the Company’s stockholders. Options, stock appreciation rights, restricted stock, restricted stock units and other stock based awards granted under the Omnibus Plan are generally subject to a minimum vesting period of three years with stock options having a 10-year maximum contractual term. Other awards do not have a contractual term of expiration. The Compensation Committee is authorized to grant awards that vest upon a participant’s retirement. These amounts are included in stock-based compensation expense at the time of the participant’s retirement eligibility. The following table summarizes the Company’s restricted stock unit (“RSU”) awards under the 2014 Omnibus Plan and the Prior Plans in the aggregate at or for the three months ended March 31, 2016: Shares Weighted-Average Non-vested at December 31, 2015 415,909 $ 18.10 Granted 337,175 19.85 Vested (235,335 ) 18.71 Forfeited (900 ) 19.43 Non-vested at March 31, 2016 516,849 $ 18.97 Vested but unissued at March 31, 2016 280,450 $ 19.28 As of March 31, 2016, there was $9.1 million of total unrecognized compensation cost related to non-vested full value awards granted under the Omnibus Plan. That cost is expected to be recognized over a weighted-average period of 3.6 years. The total fair value of awards vested for the three months ended March 31, 2016 and 2015 were $4.8 million and $4.1 million, respectively. The vested but unissued RSU awards consist of awards made to employees and directors who are eligible for retirement. According to the terms of these awards, which provide for vesting upon retirement, these employees and directors have no risk of forfeiture. These shares will be issued at the original contractual vesting and settlement dates. The following table summarizes certain information regarding the stock option awards under the Omnibus Plan and the Prior Plans in the aggregate at or for the three months ended March 31, 2016: Shares Weighted- Weighted-Average Aggregate Outstanding at December 31, 2015 109,130 $ 16.14 Granted - - Exercised (18,200 ) 19.03 Forfeited - - Outstanding at March 31, 2016 90,930 $ 15.56 2.1 $ 551 * The intrinsic value of a stock option is the difference between the market value of the underlying stock and the exercise price of the option. Cash proceeds, fair value received, tax benefits, and intrinsic value related to stock options exercised, and the weighted average grant date fair value for options granted, during the three months ended March 31, 2016 and 2015 are provided in the following table: For the three months ended (In thousands) 2016 2015 Proceeds from stock options exercised $ 19 $ - Fair value of shares received upon exercised of stock options 328 20 Tax (expense) benefit related to stock options exercised (16 ) 1 Intrinsic value of stock options exercised 43 2 Phantom Stock Plan: The following table summarizes the Phantom Stock Plan at or for the three months ended March 31, 2016: Phantom Stock Plan Shares Fair Value Outstanding at December 31, 2015 79,440 $ 21.64 Granted 10,150 19.88 Forfeited - - Distributions (1,362 ) 20.28 Outstanding at March 31, 2016 88,228 $ 21.62 Vested at March 31, 2016 87,826 $ 21.62 The Company recorded stock-based compensation expense for the Phantom Stock Plan of $29,000 and $9,000 for the three months ended March 31, 2016 and 2015, respectively. The total fair value of the distributions from the Phantom Stock Plan was $28,000 and $8,000 for the three months ended March 31, 2016 and 2015, respectively.

Note 10 - Pension and Other Pos

Note 10 - Pension and Other Postretirement Benefit Plans	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	10. Pension and Other Postretirement Benefit Plans The following table sets forth information regarding the components of net expense for the pension and other postretirement benefit plans. Three months ended (In thousands) 2016 2015 Employee Pension Plan: Interest cost $ 226 $ 221 Amortization of unrecognized loss 201 291 Expected return on plan assets (348 ) (350 ) Net employee pension expense $ 79 $ 162 Outside Director Pension Plan: Service cost $ 11 $ 11 Interest cost 24 24 Amortization of unrecognized gain (21 ) (14 ) Amortization of past service liability 10 10 Net outside director pension expense $ 24 $ 31 Other Postretirement Benefit Plans: Service cost $ 90 $ 95 Interest cost 80 75 Amortization of unrecognized loss 12 30 Amortization of past service liability (21 ) (21 ) Net other postretirement expense $ 161 $ 179 The Company previously disclosed in its Consolidated Financial Statements for the year ended December 31, 2015 that it expects to contribute $0.3 million and $0.2 million to the Outside Director Pension Plan (the “Outside Director Pension Plan”) and the other postretirement benefit plans (the “Other Postretirement Benefit Plans”), respectively, during the year ending December 31, 2016. The Company does not expect to make a contribution to the Employee Pension Plan (the “Employee Pension Plan”). As of March 31, 2016, the Company has contributed $36,000 to the Outside Director Pension Plan and $18,000 to the Other Postretirement Benefit Plans. As of March 31, 2016, the Company has not revised its expected contributions for the year ending December 31, 2016.

Note 11 - Fair Value of Financi

Note 11 - Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	11. Fair Value of Financial Instruments The Company carries certain financial assets and financial liabilities at fair value in accordance with GAAP which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, establishes a framework for measuring fair value and expands disclosures about fair value measurements. GAAP permits entities to choose to measure many financial instruments and certain other items at fair value. At March 31, 2016, the Company carried financial assets and financial liabilities under the fair value option with fair values of $30.8 million and $28.0 million, respectively. At December 31, 2015, the Company carried financial assets and financial liabilities under the fair value option with fair values of $30.7 million and $29.0 million, respectively. The Company did not elect to carry any additional financial assets or financial liabilities under the fair value option during the three months ended March 31, 2016. The following table presents the financial assets and financial liabilities reported at fair value under the fair value option, and the changes in fair value included in the Consolidated Statement of Income – Net gain (loss) from fair value adjustments, at or for the periods ended as indicated: Fair Value Fair Value Changes in Fair Values For Items Measured at Fair Value at March 31, at December 31, Three Months Ended (In thousands) 2016 2015 March 31, 2016 March 31, 2015 Mortgage-backed securities $ 2,403 $ 2,527 $ 5 $ (8 ) Other securities 28,361 28,205 96 197 Borrowed funds 27,977 29,018 1,054 524 Net gain from fair value adjustments (1) $ 1,155 $ 713 (1) The net gain from fair value adjustments presented in the above table does not include net losses of $2.1 million and $1.3 million for the three months ended March 31, 2016 and 2015, respectively, from the change in the fair value of interest rate swaps. Included in the fair value of the financial assets and financial liabilities selected for the fair value option is the accrued interest receivable or payable for the related instrument. The Company reports as interest income or interest expense in the Consolidated Statement of Income, the interest receivable or payable on the financial instruments selected for the fair value option at their respective contractual rates. The borrowed funds had a contractual principal amount of $61.9 million at both March 31, 2016 and December 31, 2015. The fair value of borrowed funds includes accrued interest payable of $0.1 million at March 31, 2016 and December 31, 2015. The Company generally holds its earning assets, other than securities available for sale, to maturity and settles its liabilities at maturity. However, fair value estimates are made at a specific point in time and are based on relevant market information. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Accordingly, as assumptions change, such as interest rates and prepayments, fair value estimates change and these amounts may not necessarily be realized in an immediate sale. Disclosure of fair value does not require fair value information for items that do not meet the definition of a financial instrument or certain other financial instruments specifically excluded from its requirements. These items include core deposit intangibles and other customer relationships, premises and equipment, leases, income taxes and equity. Further, fair value disclosure does not attempt to value future income or business. These items may be material and accordingly, the fair value information presented does not purport to represent, nor should it be construed to represent, the underlying “market” or franchise value of the Company. Financial assets and financial liabilities reported at fair value are required to be measured based on either: (1) quoted prices in active markets for identical financial instruments (Level 1); (2) significant other observable inputs (Level 2); or (3) significant unobservable inputs (Level 3). A description of the methods and significant assumptions utilized in estimating the fair value of the Company’s assets and liabilities that are carried at fair value on a recurring basis are as follows: Level 1 – where quoted market prices are available in an active market. The Company did not value any of its assets or liabilities that are carried at fair value on a recurring basis as Level 1 at March 31, 2016 and December 31, 2015. Level 2 – when quoted market prices are not available, fair value is estimated using quoted market prices for similar financial instruments and adjusted for differences between the quoted instrument and the instrument being valued. Fair value can also be estimated by using pricing models, or discounted cash flows. Pricing models primarily use market-based or independently sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices and credit spreads. In addition to observable market information, models also incorporate maturity and cash flow assumptions. At March 31, 2016 and December 31, 2015, Level 2 included mortgage related securities, corporate debt, municipals and interest rate swaps. Level 3 – when there is limited activity or less transparency around inputs to the valuation, financial instruments are classified as Level 3. At March 31, 2016 and December 31, 2015, Level 3 included trust preferred securities owned and junior subordinated debentures issued by the Company and a single issuer trust preferred security. The methods described above may produce fair values that may not be indicative of net realizable value or reflective of future fair values. While the Company believes its valuation methods are appropriate and consistent with those of other market participants, the use of different methodologies, assumptions and models to determine fair value of certain financial instruments could produce different estimates of fair value at the reporting date. The following table sets forth the assets and liabilities that are carried at fair value on a recurring basis and the method that was used to determine their fair value, at March 31, 2016 and December 31, 2015: Quoted Prices Significant Other Significant Other Total carried at fair value 2016 2015 2016 2015 2016 2015 2016 2015 (In thousands) Assets: Mortgage-backed Securities $ - $ - $ 668,412 $ 668,740 $ - $ - $ 668,412 $ 668,740 Other securities - - 365,701 317,445 7,150 7,212 372,851 324,657 Interest rate swaps - - - 48 - - - 48 Total assets $ - $ - $ 1,034,113 $ 986,233 $ 7,150 $ 7,212 $ 1,041,263 $ 993,445 Liabilities: Borrowings $ - $ - $ - $ - $ 27,977 $ 29,018 $ 27,977 $ 29,018 Interest rate swaps - - 11,466 4,314 - - 11,466 4,314 Total liabilities $ - $ - $ 11,466 $ 4,314 $ 27,977 $ 29,018 $ 39,443 $ 33,332 The following table sets forth the Company's assets and liabilities that are carried at fair value on a recurring basis, classified within Level 3 of the valuation hierarchy for the period indicated: For the three months ended Trust preferred Junior subordinated (In thousands) Beginning balance $ 7,212 $ 29,018 Net loss from fair value adjustment of financial assets (60 ) - Net gain from fair value adjustment of financial liabilities - (1,056 ) Increase in accrued interest payable - 15 Change in unrealized gains included in other comprehensive income (2 ) - Ending balance $ 7,150 $ 27,977 Changes in unrealized gain (loss) held at period end $ (2 ) $ - The following table sets forth the Company's assets and liabilities that are carried at fair value on a recurring basis, classified within Level 3 of the valuation hierarchy for the period indicated: For the three months ended Municipals Trust preferred Junior subordinated (In thousands) Beginning balance $ 15,519 $ 7,090 $ 28,771 Purchases 1,000 - - Principal repayments (55 ) - - Maturities (2,000 ) - - Net gain from fair value adjustment of financial assets - 94 - Net gain from fair value adjustment of financial liabilities - - (524 ) Decrease in accrued interest payable - - (3 ) Change in unrealized gains included in other comprehensive income - 5 - Ending balance $ 14,464 $ 7,189 $ 28,244 Changes in unrealized gain (loss) held at period end $ - $ 5 $ - During the three months ended March 31, 2016 and 2015, there were no transfers between Levels 1, 2 and 3. The following tables present the quantitative information about recurring Level 3 fair value of financial instruments and the fair value measurements at the periods indicated: March 31, 2016 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Trust preferred securities $ 7,150 Discounted cash flows Discount rate 7.0% - 7.12% 7.1 % Liabilities: Junior subordinated debentures $ 27,977 Discounted cash flows Discount rate 7.0% 7.0 % December 31, 2015 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Trust preferred securities $ 7,212 Discounted cash flows Discount rate 7.0% - 7.07% 7.1 % Liabilities: Junior subordinated debentures $ 29,018 Discounted cash flows Discount rate 7.0% 7.0 % The significant unobservable inputs used in the fair value measurement of the Company’s trust preferred securities and junior subordinated debentures valued under Level 3 at March 31, 2016 and December 31, 2015, is the effective yields used in the cash flow models. Significant increases or decreases in the effective yield in isolation would result in a significantly lower or higher fair value measurement. The following table sets forth the Company’s assets and liabilities that are carried at fair value on a non-recurring basis and the method that was used to determine their fair value, at March 31, 2016 and December 31, 2015: Quoted Prices Significant Other Significant Other Total carried at fair value 2016 2015 2016 2015 2016 2015 2016 2015 (In thousands) Assets: Impaired loans $ - $ - $ - $ - $ 15,175 $ 15,360 $ 15,175 $ 15,360 Other real estate owned - - - - 4,602 4,932 4,602 4,932 Total assets $ - $ - $ - $ - $ 19,777 $ 20,292 $ 19,777 $ 20,292 The following tables present the quantitative information about non-recurring Level 3 fair value of financial instruments and the fair value measurements at the periods indicated: March 31, 2016 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Impaired loans $ 3,465 Income approach Capitalization rate 7.3% to 8.0% 7.6 % Loss severity discount 14.0% to 15.0% 14.9 % Impaired loans $ 4,985 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 20.0% -3.3 % Loss severity discount 15.0% 15.0 % Impaired loans $ 6,725 Blended income and sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 25.0% -3.3 % Capitalization rate 5.3% to 9.0% 7.1 % Loss severity discount 5.2% to 15.0% 13.8 % Other real estate owned $ 3,750 Income approach Capitalization rate 9.0% 9.0 % Other real estate owned $ 852 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -5.0% to 25.0% 10.9 % December 31, 2015 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Impaired loans $ 3,878 Income approach Capitalization rate 7.3% to 8.5% 7.7 % Loss severity discount 15.0% 15.0 % Impaired loans $ 5,555 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 40.0% -2.2 % Loss severity discount 15.0% 15.0 % Impaired loans $ 5,927 Blended income and sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 25.0% -2.2 % Capitalization rate 5.3% to 9.0% 7.0 % Loss severity discount 5.2% to 15.0% 13.7 % Other real estate owned $ 3,750 Income approach Capitalization rate 9.0% 9.0 % Other real estate owned $ 366 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -5.0% to 25.0% 12.0 % Other real estate owned $ 816 Blended income and sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -10.0% to 15.0% 2.5 % Capitalization rate 8.6% 8.6 % The Company did not have any liabilities that were carried at fair value on a non-recurring basis at March 31, 2016 and December 31, 2015. The fair value of each material class of financial instruments at March 31, 2016 and December 31, 2015 and the related methods and assumptions used to estimate fair value are as follows: Cash and Due from Banks, Overnight Interest-Earning Deposits and Federal Funds Sold: The fair values of financial instruments that are short-term or reprice frequently and have little or no risk are considered to have a fair value that approximates carrying value. FHLB-NY stock: The fair value is based upon the par value of the stock which equals its carrying value. Securities: The fair values of securities are contained in Note 4 of Notes to Consolidated Financial Statements. Fair value is based upon quoted market prices, where available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities and adjusted for differences between the quoted instrument and the instrument being valued. When there is limited activity or less transparency around inputs to the valuation, securities are valued using discounted cash flows. Loans: The fair value of loans is estimated by discounting the expected future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and remaining maturities. For non-accruing loans, fair value is generally estimated by discounting management’s estimate of future cash flows with a discount rate commensurate with the risk associated with such assets or for collateral dependent loans 85% of the appraised or internally estimated value of the property, except for taxi medallion loans. The fair value of the underlying collateral of taxi medallion loans is the most recent reported arm’s length transaction. Other Real Estate Owned: OREO are carried at fair value less selling costs. The fair value is based on appraised value through a current appraisal, or sometimes through an internal review, additionally adjusted by the estimated costs to sell the property. Accrued Interest Receivable: The carrying amount is a reasonable estimate of fair value due to its short-term nature. Due to Depositors: The fair values of demand, passbook savings, NOW, money market deposits and escrow deposits are, by definition, equal to the amount payable on demand at the reporting dates (i.e. their carrying value). The fair value of certificates of deposits are estimated by discounting the expected future cash flows using the rates currently offered for deposits of similar remaining maturities. Borrowings: The fair value of borrowings is estimated by discounting the contractual cash flows using interest rates in effect for borrowings with similar maturities and collateral requirements or using a market-standard model. Accrued Interest Payable: The carrying amount is a reasonable estimate of fair value due to its short-term nature. Interest Rate Swaps: The fair value of interest rate swaps is based upon broker quotes. Other Financial Instruments: The fair values of commitments to sell, lend or borrow are estimated using the fees currently charged or paid to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties or on the estimated cost to terminate them or otherwise settle with the counterparties at the reporting date. For fixed-rate loan commitments to sell, lend or borrow, fair values also consider the difference between current levels of interest rates and committed rates (where applicable). At March 31, 2016 and December 31, 2015, the fair values of the above financial instruments approximate the recorded amounts of the related fees and were not considered to be material. The following tables set forth the carrying amounts and estimated fair values of selected financial instruments based on the assumptions described above used by the Company in estimating fair value at the periods indicated: March 31, 2016 Carrying Fair Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks $ 51,417 $ 51,417 $ 51,417 $ - $ - Securities held-to-maturity Other securities 7,885 7,885 - - 7,885 Securities available for sale Mortgage-backed securities 668,412 668,412 - 668,412 - Other securities 372,851 372,851 - 365,701 7,150 Loans 4,458,541 4,501,190 - - 4,501,190 FHLB-NY stock 53,368 53,368 - 53,368 - Total assets $ 5,612,474 $ 5,655,123 $ 51,417 $ 1,087,481 $ 4,516,225 Liabilities: Deposits $ 4,063,887 $ 4,082,649 $ 2,701,825 $ 1,380,824 $ - Borrowings 1,190,789 1,206,237 - 1,178,260 27,977 Interest rate swaps 11,466 11,466 - 11,466 - Total liabilities $ 5,266,142 $ 5,300,352 $ 2,701,825 $ 2,570,550 $ 27,977 December 31, 2015 Carrying Fair Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks $ 42,363 $ 42,363 $ 42,363 $ - $ - Securities held-to-maturity Other securities 6,180 6,180 - - 6,180 Securities available for sale Mortgage-backed securities 668,740 668,740 - 668,740 - Other securities 324,657 324,657 - 317,445 7,212 Loans 4,387,979 4,434,079 - - 4,434,079 FHLB-NY stock 56,066 56,066 - 56,066 - Interest rate swaps 48 48 - 48 - Total assets $ 5,486,033 $ 5,532,133 $ 42,363 $ 1,042,299 $ 4,447,471 Liabilities: Deposits $ 3,892,547 $ 3,902,888 $ 2,489,245 $ 1,413,643 $ - Borrowings 1,271,676 1,279,946 - 1,250,928 29,018 Interest rate swaps 4,314 4,314 - 4,314 - Total liabilities $ 5,168,537 $ 5,187,148 $ 2,489,245 $ 2,668,885 $ 29,018

Note 12 - Derivative Financial

Note 12 - Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	12. Derivative Financial Instruments At March 31, 2016 and December 31, 2015, the Company’s derivative financial instruments consist of interest rate swaps. The Company’s interest rate swaps are used for two purposes. The first purpose is to mitigate the Company’s exposure to rising interest rates on a portion ($18.0 million) of its floating rate junior subordinated debentures that have a contractual value of $61.9 million. The second purpose is to mitigate the Company’s exposure to rising interest rates on certain fixed rate loans totaling $155.9 million and $146.9 million at March 31, 2016 and December 31, 2015, respectively. At March 31, 2016 and December 31, 2015 derivatives with a combined notional amount of $36.3 million were not designated as hedges. At March 31, 2016 and December 31, 2015 derivatives with a combined notional amount of $137.6 million and $128.5 million were designated as fair value hedges. Changes in the fair value of interest rate swaps not designated as hedges are reflected in “Net gain/loss from fair value adjustments” in the Consolidated Statements of Income. The following table sets forth information regarding the Company’s derivative financial instruments at the periods indicated: March 31, 2016 December 31, 2015 Notional Net Carrying (1) Notional Net Carrying (1) Interest rate swaps (hedge) $ - $ - $ 28,588 $ 48 Interest rate swaps (hedge) 137,607 (6,565 ) 99,955 (1,515 ) Interest rate swaps (non-hedge) 36,321 (4,901 ) 36,321 (2,799 ) Total derivatives $ 173,928 $ (11,466 ) $ 164,864 $ (4,266 ) (1) Derivatives in a net positive position are recorded as “Other assets” and derivatives in a net negative position are recorded as “Other liabilities” in the Consolidated Statements of Financial Condition. There were no unrealized losses at March 31, 2016 and December 31, 2015. The following table sets forth the effect of derivative instruments on the Consolidated Statements of Income for the periods indicated: For the three months ended (In thousands) 2016 2015 Financial Derivatives: Interest rate swaps (non-hedge) $ (2,102 ) $ (1,254 ) Interest rate swaps (hedge) (40 ) (54 ) Net loss (1) $ (2,142 ) $ (1,308 ) (1) Net gains and losses are recorded as part of “Net gain/loss from fair value adjustments” in the Consolidated Statements of Income. During the three months ended March 31, 2016 and 2015, the Company did not record any hedge ineffectiveness. The Company’s interest rate swaps are subject to master netting arrangements and are all with the same counterparty. The Company has not made a policy election to offset its derivative positions. The Company did not have derivative assets presented in the Consolidated Statements of Condition at March 31, 2016. The following tables present the effect of the master netting arrangements on the presentation of the derivative assets in the Consolidated Statements of Condition as of the dates indicated: December 31, 2015 Gross Amounts Not Offset in the Consolidated Statement of Condition (In thousands) Gross Amount of Recognized Assets Gross Amount Offset in the Statement of Condition Net Amount of Assets Presented in the Statement of Condition Financial Instruments Cash Collateral Received Net Amount Interest rate swaps $ 48 $ - $ 48 $ 48 $ - $ - The following tables present the effect the master netting arrangements had on the presentation of the derivative liabilities in the Consolidated Statements of Condition as of the dates indicated: March 31, 2016 Gross Amounts Not Offset in the Consolidated Statement of Condition (In thousands) Gross Amount of Recognized Liabilities Gross Amount Offset in the Statement of Condition Net Amount of Liabilities Presented in the Statement of Condition Financial Instruments Cash Collateral Pledged Net Amount Interest rate swaps $ 11,466 $ - $ 11,466 $ - $ 11,466 $ - December 31, 2015 Gross Amounts Not Offset in the Consolidated Statement of Condition (In thousands) Gross Amount of Recognized Liabilities Gross Amount Offset in the Statement of Condition Net Amount of Liabilities Presented in the Statement of Condition Financial Instruments Cash Collateral Pledged Net Amount Interest rate swaps $ 4,314 $ - $ 4,314 $ 48 $ 4,266 $ -

Note 13 - Income Taxes

Note 13 - Income Taxes	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	13. Income Taxes Flushing Financial Corporation files consolidated Federal and combined New York State and New York City income tax returns with its subsidiaries, with the exception of the Company’s trusts, which file separate Federal income tax returns as trusts, and Flushing Preferred Funding Corporation, which files a separate Federal income tax return as a real estate investment trust. Additionally, the Bank files New Jersey State tax returns. Income tax provisions are summarized as follows: For the three months (In thousands) 2016 2015 Federal: Current $ 3,660 $ 2,914 Deferred 1,087 1,338 Total federal tax provision 4,747 4,252 State and Local: Current 385 707 Deferred 483 587 Total state and local tax provision 868 1,294 Total income tax provision $ 5,615 $ 5,546 The effective tax rate was 37.0% and 38.8% for the three months ended March 31, 2016 and 2015, respectively. The decrease in the effective tax rate reflects the greater impact that preferential tax items had on the Company’s tax liability during the three months ended March 31, 2016 compared to the three months ended March 31, 2015 and changes in New York City tax law signed into law on April 13, 2015. The effective rates differ from the statutory federal income tax rate as follows: For the three months ended March 31, (Dollars in thousands) 2016 2015 Taxes at federal statutory rate $ 5,312 35.0 % $ 4,998 35.0 % Increase (reduction) in taxes resulting from: State and local income tax, net of Federal income tax benefit 564 3.7 841 5.9 Other (261 ) (1.7 ) (293 ) (2.1 ) Taxes at effective rate $ 5,615 37.0 % $ 5,546 38.8 % The Company has recorded a deferred tax asset of $31.3 million at March 31, 2016, which is included in “Other assets” in the Consolidated Statements of Financial Condition. This represents the anticipated net federal, state and local tax benefits expected to be realized in future years upon the utilization of the underlying tax attributes comprising this balance. The Company has reported taxable income for federal, state, and local tax purposes in each of the past three fiscal years. In management’s opinion, in view of the Company’s previous, current and projected future earnings trend, the probability that some of the Company’s $23.5 million deferred tax liability can be used to offset a portion of the deferred tax asset, as well as certain tax planning strategies, it is more likely than not that the deferred tax asset will be fully realized. Accordingly, no valuation allowance was deemed necessary for the deferred tax asset at March 31, 2016.

Note 14 - Accumulated Other Com

Note 14 - Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	14. Accumulated Other Comprehensive Income: The following table sets forth the changes in accumulated other comprehensive income by component for the three months ended March 31, 2016: Unrealized Gains Defined Benefit Total (In thousands) Beginning balance, net of tax $ (521 ) $ (5,041 ) $ (5,562 ) Other comprehensive income before reclassifications, net of tax 6,770 - $ 6,770 Amounts reclassified from accumulated other comprehensive income, net of tax - 103 103 Net current period other comprehensive income, net of tax 6,770 103 6,873 Ending balance, net of tax $ 6,249 $ (4,938 ) $ 1,311 The following table sets forth the changes in accumulated other comprehensive income by component for the three months ended March 31, 2015: Unrealized Gains Defined Benefit Total (In thousands) Beginning balance, net of tax $ 3,392 $ (6,299 ) $ (2,907 ) Other comprehensive income before reclassifications, net of tax 4,332 - $ 4,332 Amounts reclassified from accumulated other comprehensive income, net of tax - 168 168 Net current period other comprehensive income, net of tax 4,332 168 4,500 Ending balance, net of tax $ 7,724 $ (6,131 ) $ 1,593 The following tables set forth significant amounts reclassified from accumulated other comprehensive income by component for the periods indicated: For the three months ended March 31, 2016 Details about Accumulated Other Amounts Reclassified from Affected Line Item in the Statement (In thousands) Amortization of defined benefit pension items: Actuarial losses $ (192 ) (1) Other expense Prior service credits 11 (1) Other expense (181 ) Total before tax 78 Tax benefit $ (103 ) Net of tax For the three months ended March 31, 2015 Details about Accumulated Other Amounts Reclassified from Affected Line Item in the Statement (In thousands) Amortization of defined benefit pension items: Actuarial losses $ (307 ) (1) Other expense Prior service credits 11 (1) Other expense (296 ) Total before tax 128 Tax benefit $ (168 ) Net of tax (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 10 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)

Note 15 - Regulatory Capital

Note 15 - Regulatory Capital	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	15. Regulatory Capital Under current capital regulations, the Bank is required to comply with four separate capital adequacy standards. As of March 31, 2016, the Bank continues to be categorized as “well-capitalized” under the prompt corrective action regulations and continues to exceed all regulatory capital requirements. In 2016, a Capital Conservation Buffer (“CCB”) requirement became effective for banks. The CCB is designed to establish a capital range above minimum capital requirements and impose constraints on dividends, share buybacks and discretionary bonus payments when capital levels fall below prescribed levels. The minimum CCB in 2016 is 0.625% and increases 0.625% annually through 2019 to 2.5%. The CCB for the Bank at March 31, 2016 was 5.1%. Set forth below is a summary of the Bank’s compliance with banking regulatory capital standards. March 31, 2016 December 31, 2015 Amount Percent of Amount Percent of (Dollars in thousands) Tier I (leverage) capital: Capital level $ 498,308 8.65 % $ 494,690 8.89 % Requirement to be well capitalized 288,017 5.00 278,175 5.00 Excess 210,291 3.65 216,515 3.89 Common Equity Tier I risk-based capital: Capital level $ 498,308 12.51 % $ 494,690 12.62 Requirement to be well capitalized 258,947 6.50 254,768 6.50 Excess 239,361 6.01 239,922 6.12 Tier 1 risk-based capital: Capital level $ 498,308 12.51 % $ 494,690 12.62 % Requirement to be well capitalized 318,703 8.00 313,560 8.00 Excess 179,605 4.51 181,130 4.62 Total risk-based capital: Capital level $ 520,300 13.06 % $ 516,226 13.17 % Requirement to be well capitalized 398,379 10.00 391,950 10.00 Excess 121,921 3.06 124,276 3.17 The Holding Company is subject to the same regulatory capital requirements as the Bank. As of March 31, 2016, the Holding Company continues to be categorized as “well-capitalized” under the prompt corrective action regulations and continues to exceed all regulatory capital requirements. The CCB for the Holding Company at March 31, 2016 was 5.1%. Set forth below is a summary of the Holding Company’s compliance with banking regulatory capital standards. March 31, 2016 December 31, 2015 Amount Percent of Amount Percent of (Dollars in thousands) Tier I (leverage) capital: Capital level $ 497,698 8.65 % $ 490,919 8.84 % Requirement to be well capitalized 287,543 5.00 277,611 5.00 Excess 210,155 3.65 213,308 3.84 Common Equity Tier I risk-based capital: Capital level $ 470,685 11.84 % $ 462,883 11.83 Requirement to be well capitalized 258,443 6.50 254,335 6.50 Excess 212,242 5.34 208,548 5.33 Tier 1 risk-based capital: Capital level $ 497,698 12.52 % $ 490,919 12.55 % Requirement to be well capitalized 318,084 8.00 313,028 8.00 Excess 179,614 4.52 177,891 4.55 Total risk-based capital: Capital level $ 519,691 13.07 % $ 512,454 13.10 % Requirement to be well capitalized 397,605 10.00 391,285 10.00 Excess 122,086 3.07 121,169 3.10

Note 16 - New Authoritative Acc

Note 16 - New Authoritative Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	16. New Authoritative Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, “Compensation – Stock Compensation” which introduces targeted amendments intended to simplify the accounting for stock compensation. Specifically, the ASU requires all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) to be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits, and assess the need for a valuation allowance, regardless of whether the benefit reduces taxes payable in the current period. That is, off balance sheet accounting for net operating losses stemming from excess tax benefits would no longer be required and instead such net operating losses would be recognized when they arise. Existing net operating losses that are currently tracked off balance sheet would be recognized, net of a valuation allowance if required, through an adjustment to opening retained earnings in the period of adoption. Entities will no longer need to maintain and track an additional paid in capital pool. The ASU also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity in the statement of cash flows. In addition, the ASU elevates the statutory tax withholding threshold to qualify for equity classification up to the maximum statutory tax rates in the applicable jurisdiction(s). The ASU also clarifies that cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. The ASU provides an optional accounting policy election (with limited exceptions), to be applied on an entity-wide basis, to either estimate the number of awards that are expected to vest (consistent with existing U.S. GAAP) or account for forfeitures when they occur. The amendments are effective for public business entities for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. In February 2016, the FASB issued ASU No. 2016-02, “Leases”. From the lessee's perspective, the new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement for a lessee. From the lessor's perspective, the new standard requires a lessor to classify leases as either sales-type, finance or operating. A lease will be treated as a sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing. If the lessor doesn’t convey risks and rewards or control, an operating lease results. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. A modified retrospective transition approach is required for lessors for sales-type, direct financing, and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. In January 2016, FASB issued ASU No. 2016-01 “Financial Instruments” which requires an entity to: (i) measure equity investments at fair value through net income, with certain exceptions; (ii) present in other comprehensive income the changes in instrument-specific credit risk for financial liabilities measured using the fair value option; (iii) present financial assets and financial liabilities by measurement category and form of financial asset; (iv) calculate the fair value of financial instruments for disclosure purposes based on an exit price and; (v) assess a valuation allowance on deferred tax assets related to unrealized losses of available for sale debt securities in combination with other deferred tax assets. The ASU provides an election to subsequently measure certain nonmarketable equity investments at cost less any impairment and adjusted for certain observable price changes. The ASU also requires a qualitative impairment assessment of such equity investments and amends certain fair value disclosure requirements. The amendments are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is not permitted for the changes that affect the Company. We are currently evaluating the impact of adopting this new guidance on our consolidated results of operations and financial condition.

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended (Dollars in thousands, except per share data) 2016 2015 Net income, as reported $ 9,561 $ 8,733 Divided by: Weighted average common shares outstanding 29,097 29,397 Weighted average common stock equivalents 14 22 Total weighted average common shares outstanding and common stock equivalents 29,111 29,419 Basic earnings per common share $ 0.33 $ 0.30 Diluted earnings per common share (1) $ 0.33 $ 0.30 Dividend payout ratio 51.5 % 53.3 %

Note 4 - Debt and Equity Secu27

Note 4 - Debt and Equity Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Trading Securities [Table Text Block]	Amortized Fair Value Gross Gross (In thousands) Securites held-to-maturity: Municipals $ 7,885 $ 7,885 $ - $ - Total $ 7,885 $ 7,885 $ - $ - Amortized Fair Value Gross Gross (In thousands) Securites held-to-maturity: Municipals $ 6,180 $ 6,180 $ - $ - Total $ 6,180 $ 6,180 $ - $ - Amortized Fair Value Gross Gross (In thousands) Corporate $ 115,993 $ 111,399 $ 592 $ 5,186 Municipals 127,023 131,869 4,846 - Mutual funds 21,507 21,507 - - Collateralized loan obligations 101,613 100,926 33 720 Other 7,154 7,150 - 4 Total other securities 373,290 372,851 5,471 5,910 REMIC and CMO 462,677 470,194 8,107 590 GNMA 10,832 11,122 325 35 FNMA 167,229 170,511 3,543 261 FHLMC 16,351 16,585 234 - Total mortgage-backed securities 657,089 668,412 12,209 886 Total securities available for sale $ 1,030,379 $ 1,041,263 $ 17,680 $ 6,796 Amortized Fair Value Gross Gross (In thousands) Corporate $ 115,976 $ 111,674 $ 134 $ 4,436 Municipals 127,696 131,583 3,887 - Mutual funds 21,290 21,290 - - Collateralized loan obligations 53,225 52,898 - 327 Other 7,214 7,212 - 2 Total other securities 325,401 324,657 4,021 4,765 REMIC and CMO 469,987 469,936 3,096 3,147 GNMA 11,635 11,798 302 139 FNMA 170,327 170,057 1,492 1,762 FHLMC 16,961 16,949 87 99 Total mortgage-backed securities 668,910 668,740 4,977 5,147 Total securities available for sale $ 994,311 $ 993,397 $ 8,998 $ 9,912
Investments Classified by Contractual Maturity Date [Table Text Block]	Amortized Fair Value (In thousands) Due in one year or less $ 6,845 $ 6,845 Due after one year through five years 1,040 1,040 Total securities held-to-maturity $ 7,885 $ 7,885 Amortized Fair Value (In thousands) Due in one year or less $ 5,993 $ 6,003 Due after one year through five years 1,825 1,855 Due after five years through ten years 74,821 74,261 Due after ten years 269,144 269,225 Total other securities 351,783 351,344 Mutual funds 21,507 21,507 Mortgage-backed securities 657,089 668,412 Total securities available for sale $ 1,030,379 $ 1,041,263
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Total Less than 12 months 12 months or more Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (Dollars in thousands) Corporate 11 $ 74,813 $ 5,186 $ 56,128 $ 3,871 $ 18,685 $ 1,315 Collateralized loan obligations 9 72,328 720 72,328 720 - - Other 1 296 4 - - 296 4 Total other securities 21 147,437 5,910 128,456 4,591 18,981 1,319 REMIC and CMO 10 49,379 590 13,733 60 35,646 530 GNMA 1 6,786 35 - - 6,786 35 FNMA 4 26,415 261 - - 26,415 261 Total mortgage-backed securities 15 82,580 886 13,733 60 68,847 826 Total securities available for sale 36 $ 230,017 $ 6,796 $ 142,189 $ 4,651 $ 87,828 $ 2,145 Total Less than 12 months 12 months or more Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (Dollars in thousands) Corporate 12 $ 85,563 $ 4,436 $ 76,218 $ 3,782 $ 9,345 $ 654 Collateralized loan obligations 7 52,898 327 52,898 327 - - Other 1 298 2 - - 298 2 Total other securities 20 138,759 4,765 129,116 4,109 9,643 656 REMIC and CMO 33 238,132 3,147 182,010 1,642 56,122 1,505 GNMA 1 6,977 139 6,977 139 - - FNMA 20 102,225 1,762 75,769 1,043 26,456 719 FHLMC 3 14,715 99 14,715 99 - - Total mortgage-backed securities 57 362,049 5,147 279,471 2,923 82,578 2,224 Total securities available for sale 77 $ 500,808 $ 9,912 $ 408,587 $ 7,032 $ 92,221 $ 2,880

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)	3 Months Ended
	Mar. 31, 2016
Nonperforming Financial Instruments [Member]
Notes Tables
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	March 31, 2016 December 31, 2015 (Dollars in thousands) Number Recorded Number Recorded Multi-family residential 1 $ 385 1 $ 391 Total troubled debt restructurings that subsequently defaulted 1 $ 385 1 391
Performing According to Restructured Terms [Member]
Notes Tables
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	March 31, 2016 December 31, 2015 (Dollars in thousands) Number Recorded Number Recorded Multi-family residential 9 $ 2,611 9 $ 2,626 Commercial real estate 3 2,358 3 2,371 One-to-four family - mixed-use property 6 2,042 6 2,052 One-to-four family - residential 1 341 1 343 Small business administration 1 32 1 34 Commercial business and other 4 2,038 4 2,083 Total performing troubled debt restructured 24 $ 9,422 24 $ 9,509
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]	For the three months ended (Dollars in thousands) Number Balance Modification description Small Business Administration 1 $ 41 Received a below market interest rate and the loan amortization was extended Total 1 $ 41
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	(In thousands) March 31, December 31, Loans ninety days or more past due and still accruing: Multi-family residential $ 792 $ 233 Commercial real estate 1,083 1,183 One-to-four family - mixed-use property 743 611 One-to-four family - residential 13 13 Construction 570 1,000 Commercial Business and other - 220 Total 3,201 3,260 Non-accrual mortgage loans: Multi-family residential 3,518 3,561 Commercial real estate 3,295 2,398 One-to-four family - mixed-use property 5,519 5,952 One-to-four family - residential 8,861 10,120 Total 21,193 22,031 Non-accrual non-mortgage loans: Small business administration 201 218 Taxi Medallion 196 - Commercial business and other 511 568 Total 908 786 Total non-accrual loans 22,101 22,817 Total non-accrual loans and loans ninety days or more past due and still accruing $ 25,302 $ 26,077
Schedule of Interest Foregone on Non-Accrual and TDR Loans [Table Text Block]	For the three months ended 2016 2015 (In thousands) Interest income that would have been recognized had the loans performed in accordance with their original terms $ 540 $ 691 Less: Interest income included in the results of operations 123 148 Total foregone interest $ 417 $ 543
Past Due Financing Receivables [Table Text Block]	March 31, 2016 (In thousands) 30 - 59 Days 60 - 89 Days Greater Total Past Current Total Loans Multi-family residential $ 6,644 $ 445 $ 4,310 $ 11,399 $ 2,028,395 $ 2,039,794 Commercial real estate 767 381 4,378 5,526 1,052,502 1,058,028 One-to-four family - mixed-use property 8,961 326 6,262 15,549 556,297 571,846 One-to-four family - residential 2,711 276 8,677 11,664 179,494 191,158 Co-operative apartments - - - - 8,182 8,182 Construction loans - - 570 570 6,902 7,472 Small Business Administration 37 - 201 238 14,463 14,701 Taxi medallion 860 - 196 1,056 19,701 20,757 Commercial business and other - 1 353 354 530,968 531,322 Total $ 19,980 $ 1,429 $ 24,947 $ 46,356 $ 4,396,904 $ 4,443,260 December 31, 2015 (In thousands) 30 - 59 Days 60 - 89 Days Greater Total Past Current Total Loans Multi-family residential $ 9,421 $ 804 $ 3,794 $ 14,019 $ 2,041,209 $ 2,055,228 Commercial real estate 2,820 153 3,580 6,553 994,683 1,001,236 One-to-four family - mixed-use property 8,630 1,258 6,563 16,451 556,592 573,043 One-to-four family - residential 4,261 154 10,134 14,549 173,289 187,838 Co-operative apartments - - - - 8,285 8,285 Construction loans - - 1,000 1,000 6,284 7,284 Small Business Administration 42 - 218 260 11,934 12,194 Taxi medallion - - - - 20,881 20,881 Commercial business and other - 2 228 230 506,392 506,622 Total $ 25,174 $ 2,371 $ 25,517 $ 53,062 $ 4,319,549 $ 4,372,611
Allowance for Credit Losses on Financing Receivables [Table Text Block]	March 31, 2016 (in thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family - residential Construction loans Small Business Administration Taxi medallion Commercial business and other Unallocated Total Allowance for credit losses: Beginning balance $ 6,718 $ 4,239 $ 4,227 $ 1,227 $ 50 $ 262 $ 343 $ 4,469 $ - $ 21,535 Charge-off's (42 ) - (14 ) (66 ) - - - (25 ) - (147 ) Recoveries 13 - 187 365 - 31 - 9 - 605 Provision (391 ) (38 ) (893 ) (484 ) 5 (24 ) (8 ) 138 1,695 - Ending balance $ 6,298 $ 4,201 $ 3,507 $ 1,042 $ 55 $ 269 $ 335 $ 4,591 $ 1,695 $ 21,993 Ending balance: individually evaluated for impairment $ 247 $ 171 $ 491 $ 50 $ - $ 47 $ 325 $ 108 $ - $ 1,439 Ending balance: collectively evaluated for impairment $ 6,051 $ 4,030 $ 3,016 $ 992 $ 55 $ 222 $ 10 $ 4,483 $ 1,695 $ 20,554 March 31, 2015 (in thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family - residential Construction loans Small Business Administration Taxi medallion Commercial business and other Total Allowance for credit losses: Beginning balance $ 8,827 $ 4,202 $ 5,840 $ 1,690 $ 42 $ 279 $ 11 $ 4,205 $ 25,096 Charge-off's (97 ) (18 ) (78 ) (153 ) - - - (51 ) (397 ) Recoveries 23 72 3 - - 20 - 8 126 Provision (benefit) (124 ) (354 ) (336 ) (72 ) (19 ) (33 ) - 204 (734 ) Ending balance $ 8,629 $ 3,902 $ 5,429 $ 1,465 $ 23 $ 266 $ 11 $ 4,366 $ 24,091 Ending balance: individually evaluated for impairment $ 267 $ 19 $ 566 $ 54 $ - $ - $ - $ 139 $ 1,045 Ending balance: collectively evaluated for impairment $ 8,362 $ 3,883 $ 4,863 $ 1,411 $ 23 $ 266 $ 11 $ 4,227 $ 23,046
Schedule of Loans and the Manner in which they are Evaluated for Impairment [Table Text Block]	At March 31, 2016 (In thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family- residential Co-operative apartments Construction loans Small Business Administration Taxi Medallion Commercial business and other Total Financing Receivables: Ending Balance $ 2,039,794 $ 1,058,028 $ 571,846 $ 191,158 $ 8,182 $ 7,472 $ 14,701 $ 20,757 $ 531,322 $ 4,443,260 Ending balance: individually evaluated for impairment $ 8,402 $ 7,560 $ 11,485 $ 11,305 $ - $ 570 $ 402 $ 2,110 $ 4,366 $ 46,200 Ending balance: collectively evaluated for impairment $ 2,031,392 $ 1,050,468 $ 560,361 $ 179,853 $ 8,182 $ 6,902 $ 14,299 $ 18,647 $ 526,956 $ 4,397,060 At December 31, 2015 (In thousands) Multi-family residential Commercial real estate One-to-four family - mixed-use property One-to-four family- residential Co-operative apartments Construction loans Small Business Administration Taxi Medallion Commercial business and other Total Financing Receivables: Ending Balance $ 2,055,228 $ 1,001,236 $ 573,043 $ 187,838 $ 8,285 $ 7,284 $ 12,194 $ 20,881 $ 506,622 $ 4,372,611 Ending balance: individually evaluated for impairment $ 8,047 $ 6,183 $ 12,828 $ 12,598 $ - $ 1,000 $ 310 $ 2,118 $ 4,716 $ 47,800 Ending balance: collectively evaluated for impairment $ 2,047,181 $ 995,053 $ 560,215 $ 175,240 $ 8,285 $ 6,284 $ 11,884 $ 18,763 $ 501,906 $ 4,324,811
Impaired Financing Receivables [Table Text Block]	March 31, 2016 December 31, 2015 Recorded Unpaid Related Recorded Unpaid Related (In thousands) With no related allowance recorded: Mortgage loans: Multi-family residential $ 6,108 $ 6,818 $ - $ 5,742 $ 6,410 $ - Commercial real estate 5,202 5,259 - 3,812 3,869 - One-to-four family mixed-use property 8,754 9,698 - 10,082 11,335 - One-to-four family residential 10,964 12,558 - 12,255 14,345 - Co-operative apartments - - - - - - Construction 570 570 - 1,000 1,000 - Non-mortgage loans: Small Business Administration 252 252 - 276 276 - Taxi Medallion - - - - - - Commercial Business and other 2,374 2,744 - 2,682 5,347 - Total loans with no related allowance recorded 34,224 37,899 - 35,849 42,582 - With an allowance recorded: Mortgage loans: Multi-family residential 2,294 2,294 247 2,305 2,305 252 Commercial real estate 2,358 2,358 171 2,371 2,371 180 One-to-four family mixed-use property 2,731 2,731 491 2,746 2,746 502 One-to-four family residential 341 341 50 343 343 51 Co-operative apartments - - - - - - Construction - - - - - - Non-mortgage loans: Small Business Administration 150 150 47 34 34 - Taxi Medallion 2,110 2,110 325 2,118 2,118 333 Commercial Business and other 1,992 1,992 108 2,034 2,034 112 Total loans with an allowance recorded 11,976 11,976 1,439 11,951 11,951 1,430 Total Impaired Loans: Total mortgage loans $ 39,322 $ 42,627 $ 959 $ 40,656 $ 44,724 $ 985 Total non-mortgage loans $ 6,878 $ 7,248 $ 480 $ 7,144 $ 9,809 $ 445 March 31, 2016 March 31, 2015 Average Interest Average Interest (In thousands) With no related allowance recorded: Mortgage loans: Multi-family residential $ 5,925 $ 17 $ 10,905 $ 56 Commercial real estate 4,507 12 6,567 39 One-to-four family mixed-use property 9,418 33 11,749 57 One-to-four family residential 11,610 27 13,210 25 Co-operative apartments - - - - Construction 785 - - - Non-mortgage loans: Small Business Administration 264 3 159 1 Taxi Medallion - - - - Commercial Business and other 2,528 46 4,511 69 Total loans with no related allowance recorded 35,037 138 47,101 247 With an allowance recorded: Mortgage loans: Multi-family residential 2,300 29 2,597 32 Commercial real estate 2,365 28 1,458 7 One-to-four family mixed-use property 2,739 38 3,085 42 One-to-four family residential 342 3 353 4 Co-operative apartments - - - - Construction - - - - Non-mortgage loans: Small Business Administration 92 2 21 1 Taxi Medallion 2,114 15 - - Commercial Business and other 2,013 25 2,660 35 Total loans with an allowance recorded 11,965 140 10,174 121 Total Impaired Loans: Total mortgage loans $ 39,991 $ 187 $ 49,924 $ 262 Total non-mortgage loans $ 7,011 $ 91 $ 7,351 $ 106
Financing Receivable Credit Quality Indicators [Table Text Block]	March 31, 2016 (In thousands) Special Mention Substandard Doubtful Loss Total Multi-family residential $ 8,505 $ 5,790 $ - $ - $ 14,295 Commercial real estate 1,500 5,203 - - 6,703 One-to-four family - mixed-use property 2,716 9,657 - - 12,373 One-to-four family - residential 1,538 10,964 - - 12,502 Co-operative apartments - - - - - Construction loans - 570 - - 570 Small Business Administration 504 326 - - 830 Taxi Medallion - 2,110 - - 2,110 Commercial business and other 147 2,803 - - 2,950 Total loans $ 14,910 $ 37,423 $ - $ - $ 52,333 December 31, 2015 (In thousands) Special Mention Substandard Doubtful Loss Total Multi-family residential $ 4,361 $ 5,421 $ - $ - $ 9,782 Commercial real estate 1,821 3,812 - - 5,633 One-to-four family - mixed-use property 3,087 10,990 - - 14,077 One-to-four family - residential 1,437 12,255 - - 13,692 Co-operative apartments - - - - - Construction loans - 1,000 - - 1,000 Small Business Administration 229 224 - - 453 Taxi Medallion - 2,118 - - 2,118 Commercial business and other - 3,123 - - 3,123 Total loans $ 10,935 $ 38,943 $ - $ - $ 49,878

Note 6 - Loans Held for Sale (T

Note 6 - Loans Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Delinquent and Non-Performing Loans Sold During Period [Table Text Block]	For the three months ended (Dollars in thousands) Loans sold Proceeds Net (charge-offs) Net gain Multi-family residential 3 $ 874 $ - $ 2 Commercial real estate 2 192 - - One-to-four family - mixed-use property 4 1,315 - 21 Total (1) 9 $ 2,381 $ - $ 23 For the three months ended (Dollars in thousands) Loans sold Proceeds Net (charge-offs) Net gain Multi-family residential 2 $ 836 $ - $ 2 One-to-four family - mixed-use property 3 686 - - Total 5 $ 1,522 $ - $ 2

Note 7 - Other Real Estate Ow30

Note 7 - Other Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Other Real Estate, Roll Forward [Table Text Block]	For the three months ended 2016 2015 (In thousands) Balance at beginning of period $ 4,932 $ 6,326 Acquisitions 533 483 Write-down of carrying value (47 ) - Sales (816 ) (1,557 ) Balance at end of period $ 4,602 $ 5,252
Gross Gains, Gross (Losses) and Write-downs of OREO [Table Text Block]	For the three months ended 2016 2015 (In thousands) Gross gains $ 37 $ 216 Gross losses - (6 ) Total net gain $ 37 $ 210

Note 8 - Repurchase Agreements

Note 8 - Repurchase Agreements (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Repurchase Agreements [Table Text Block]	At March 31, 2016 Remaining Contractual Maturity of Agreements Less than 1 year 1 year to 3 years Over 3 years Total (In thousands) Repurchase agreements: Mortgage-backed securities $ 38,000 $ 38,000 $ 40,000 $ 116,000 Total repurchase agreements $ 38,000 $ 38,000 $ 40,000 $ 116,000 At December 31, 2015 Remaining Contractual Maturity of Agreements Less than 1 year 1 year to 3 years Over 3 years Total (In thousands) Repurchase agreements: Mortgage-backed securities $ 38,000 $ 38,000 $ 40,000 $ 116,000 Total repurchase agreements $ 38,000 $ 38,000 $ 40,000 $ 116,000

Note 9 - Stock-based Compensa32

Note 9 - Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Phantom Share Units (PSUs) [Member]
Notes Tables
Schedule of Share-based Compensation, Activity [Table Text Block]	Phantom Stock Plan Shares Fair Value Outstanding at December 31, 2015 79,440 $ 21.64 Granted 10,150 19.88 Forfeited - - Distributions (1,362 ) 20.28 Outstanding at March 31, 2016 88,228 $ 21.62 Vested at March 31, 2016 87,826 $ 21.62
Non Full Value Awards [Member]
Notes Tables
Schedule of Share-based Compensation, Activity [Table Text Block]	Shares Weighted- Weighted-Average Aggregate Outstanding at December 31, 2015 109,130 $ 16.14 Granted - - Exercised (18,200 ) 19.03 Forfeited - - Outstanding at March 31, 2016 90,930 $ 15.56 2.1 $ 551
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Shares Weighted-Average Non-vested at December 31, 2015 415,909 $ 18.10 Granted 337,175 19.85 Vested (235,335 ) 18.71 Forfeited (900 ) 19.43 Non-vested at March 31, 2016 516,849 $ 18.97 Vested but unissued at March 31, 2016 280,450 $ 19.28
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	For the three months ended (In thousands) 2016 2015 Proceeds from stock options exercised $ 19 $ - Fair value of shares received upon exercised of stock options 328 20 Tax (expense) benefit related to stock options exercised (16 ) 1 Intrinsic value of stock options exercised 43 2

Note 10 - Pension and Other P33

Note 10 - Pension and Other Postretirement Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three months ended (In thousands) 2016 2015 Employee Pension Plan: Interest cost $ 226 $ 221 Amortization of unrecognized loss 201 291 Expected return on plan assets (348 ) (350 ) Net employee pension expense $ 79 $ 162 Outside Director Pension Plan: Service cost $ 11 $ 11 Interest cost 24 24 Amortization of unrecognized gain (21 ) (14 ) Amortization of past service liability 10 10 Net outside director pension expense $ 24 $ 31 Other Postretirement Benefit Plans: Service cost $ 90 $ 95 Interest cost 80 75 Amortization of unrecognized loss 12 30 Amortization of past service liability (21 ) (21 ) Net other postretirement expense $ 161 $ 179

Note 11 - Fair Value of Finan34

Note 11 - Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value, Measurements, Nonrecurring [Member]
Notes Tables
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	March 31, 2016 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Impaired loans $ 3,465 Income approach Capitalization rate 7.3% to 8.0% 7.6 % Loss severity discount 14.0% to 15.0% 14.9 % Impaired loans $ 4,985 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 20.0% -3.3 % Loss severity discount 15.0% 15.0 % Impaired loans $ 6,725 Blended income and sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 25.0% -3.3 % Capitalization rate 5.3% to 9.0% 7.1 % Loss severity discount 5.2% to 15.0% 13.8 % Other real estate owned $ 3,750 Income approach Capitalization rate 9.0% 9.0 % Other real estate owned $ 852 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -5.0% to 25.0% 10.9 % December 31, 2015 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Impaired loans $ 3,878 Income approach Capitalization rate 7.3% to 8.5% 7.7 % Loss severity discount 15.0% 15.0 % Impaired loans $ 5,555 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 40.0% -2.2 % Loss severity discount 15.0% 15.0 % Impaired loans $ 5,927 Blended income and sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -50.0% to 25.0% -2.2 % Capitalization rate 5.3% to 9.0% 7.0 % Loss severity discount 5.2% to 15.0% 13.7 % Other real estate owned $ 3,750 Income approach Capitalization rate 9.0% 9.0 % Other real estate owned $ 366 Sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -5.0% to 25.0% 12.0 % Other real estate owned $ 816 Blended income and sales approach Adjustment to sales comparison value to reconcile differences between comparable sales -10.0% to 15.0% 2.5 % Capitalization rate 8.6% 8.6 %
Fair Value, Option, Quantitative Disclosures [Table Text Block]	Fair Value Fair Value Changes in Fair Values For Items Measured at Fair Value at March 31, at December 31, Three Months Ended (In thousands) 2016 2015 March 31, 2016 March 31, 2015 Mortgage-backed securities $ 2,403 $ 2,527 $ 5 $ (8 ) Other securities 28,361 28,205 96 197 Borrowed funds 27,977 29,018 1,054 524 Net gain from fair value adjustments (1) $ 1,155 $ 713
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Quoted Prices Significant Other Significant Other Total carried at fair value 2016 2015 2016 2015 2016 2015 2016 2015 (In thousands) Assets: Mortgage-backed Securities $ - $ - $ 668,412 $ 668,740 $ - $ - $ 668,412 $ 668,740 Other securities - - 365,701 317,445 7,150 7,212 372,851 324,657 Interest rate swaps - - - 48 - - - 48 Total assets $ - $ - $ 1,034,113 $ 986,233 $ 7,150 $ 7,212 $ 1,041,263 $ 993,445 Liabilities: Borrowings $ - $ - $ - $ - $ 27,977 $ 29,018 $ 27,977 $ 29,018 Interest rate swaps - - 11,466 4,314 - - 11,466 4,314 Total liabilities $ - $ - $ 11,466 $ 4,314 $ 27,977 $ 29,018 $ 39,443 $ 33,332
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	For the three months ended Trust preferred Junior subordinated (In thousands) Beginning balance $ 7,212 $ 29,018 Net loss from fair value adjustment of financial assets (60 ) - Net gain from fair value adjustment of financial liabilities - (1,056 ) Increase in accrued interest payable - 15 Change in unrealized gains included in other comprehensive income (2 ) - Ending balance $ 7,150 $ 27,977 Changes in unrealized gain (loss) held at period end $ (2 ) $ - For the three months ended Municipals Trust preferred Junior subordinated (In thousands) Beginning balance $ 15,519 $ 7,090 $ 28,771 Purchases 1,000 - - Principal repayments (55 ) - - Maturities (2,000 ) - - Net gain from fair value adjustment of financial assets - 94 - Net gain from fair value adjustment of financial liabilities - - (524 ) Decrease in accrued interest payable - - (3 ) Change in unrealized gains included in other comprehensive income - 5 - Ending balance $ 14,464 $ 7,189 $ 28,244 Changes in unrealized gain (loss) held at period end $ - $ 5 $ -
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	March 31, 2016 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Trust preferred securities $ 7,150 Discounted cash flows Discount rate 7.0% - 7.12% 7.1 % Liabilities: Junior subordinated debentures $ 27,977 Discounted cash flows Discount rate 7.0% 7.0 % December 31, 2015 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Assets: Trust preferred securities $ 7,212 Discounted cash flows Discount rate 7.0% - 7.07% 7.1 % Liabilities: Junior subordinated debentures $ 29,018 Discounted cash flows Discount rate 7.0% 7.0 %
Fair Value Measurements, Nonrecurring [Table Text Block]	Quoted Prices Significant Other Significant Other Total carried at fair value 2016 2015 2016 2015 2016 2015 2016 2015 (In thousands) Assets: Impaired loans $ - $ - $ - $ - $ 15,175 $ 15,360 $ 15,175 $ 15,360 Other real estate owned - - - - 4,602 4,932 4,602 4,932 Total assets $ - $ - $ - $ - $ 19,777 $ 20,292 $ 19,777 $ 20,292
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2016 Carrying Fair Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks $ 51,417 $ 51,417 $ 51,417 $ - $ - Securities held-to-maturity Other securities 7,885 7,885 - - 7,885 Securities available for sale Mortgage-backed securities 668,412 668,412 - 668,412 - Other securities 372,851 372,851 - 365,701 7,150 Loans 4,458,541 4,501,190 - - 4,501,190 FHLB-NY stock 53,368 53,368 - 53,368 - Total assets $ 5,612,474 $ 5,655,123 $ 51,417 $ 1,087,481 $ 4,516,225 Liabilities: Deposits $ 4,063,887 $ 4,082,649 $ 2,701,825 $ 1,380,824 $ - Borrowings 1,190,789 1,206,237 - 1,178,260 27,977 Interest rate swaps 11,466 11,466 - 11,466 - Total liabilities $ 5,266,142 $ 5,300,352 $ 2,701,825 $ 2,570,550 $ 27,977 December 31, 2015 Carrying Fair Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks $ 42,363 $ 42,363 $ 42,363 $ - $ - Securities held-to-maturity Other securities 6,180 6,180 - - 6,180 Securities available for sale Mortgage-backed securities 668,740 668,740 - 668,740 - Other securities 324,657 324,657 - 317,445 7,212 Loans 4,387,979 4,434,079 - - 4,434,079 FHLB-NY stock 56,066 56,066 - 56,066 - Interest rate swaps 48 48 - 48 - Total assets $ 5,486,033 $ 5,532,133 $ 42,363 $ 1,042,299 $ 4,447,471 Liabilities: Deposits $ 3,892,547 $ 3,902,888 $ 2,489,245 $ 1,413,643 $ - Borrowings 1,271,676 1,279,946 - 1,250,928 29,018 Interest rate swaps 4,314 4,314 - 4,314 - Total liabilities $ 5,168,537 $ 5,187,148 $ 2,489,245 $ 2,668,885 $ 29,018

Note 12 - Derivative Financia35

Note 12 - Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	March 31, 2016 December 31, 2015 Notional Net Carrying (1) Notional Net Carrying (1) Interest rate swaps (hedge) $ - $ - $ 28,588 $ 48 Interest rate swaps (hedge) 137,607 (6,565 ) 99,955 (1,515 ) Interest rate swaps (non-hedge) 36,321 (4,901 ) 36,321 (2,799 ) Total derivatives $ 173,928 $ (11,466 ) $ 164,864 $ (4,266 )
Derivative Instruments, Gain (Loss) [Table Text Block]	For the three months ended (In thousands) 2016 2015 Financial Derivatives: Interest rate swaps (non-hedge) $ (2,102 ) $ (1,254 ) Interest rate swaps (hedge) (40 ) (54 ) Net loss (1) $ (2,142 ) $ (1,308 )
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	December 31, 2015 Gross Amounts Not Offset in the Consolidated Statement of Condition (In thousands) Gross Amount of Recognized Assets Gross Amount Offset in the Statement of Condition Net Amount of Assets Presented in the Statement of Condition Financial Instruments Cash Collateral Received Net Amount Interest rate swaps $ 48 $ - $ 48 $ 48 $ - $ - March 31, 2016 Gross Amounts Not Offset in the Consolidated Statement of Condition (In thousands) Gross Amount of Recognized Liabilities Gross Amount Offset in the Statement of Condition Net Amount of Liabilities Presented in the Statement of Condition Financial Instruments Cash Collateral Pledged Net Amount Interest rate swaps $ 11,466 $ - $ 11,466 $ - $ 11,466 $ - December 31, 2015 Gross Amounts Not Offset in the Consolidated Statement of Condition (In thousands) Gross Amount of Recognized Liabilities Gross Amount Offset in the Statement of Condition Net Amount of Liabilities Presented in the Statement of Condition Financial Instruments Cash Collateral Pledged Net Amount Interest rate swaps $ 4,314 $ - $ 4,314 $ 48 $ 4,266 $ -

Note 13 - Income Taxes (Tables)

Note 13 - Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	For the three months (In thousands) 2016 2015 Federal: Current $ 3,660 $ 2,914 Deferred 1,087 1,338 Total federal tax provision 4,747 4,252 State and Local: Current 385 707 Deferred 483 587 Total state and local tax provision 868 1,294 Total income tax provision $ 5,615 $ 5,546
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	For the three months ended March 31, (Dollars in thousands) 2016 2015 Taxes at federal statutory rate $ 5,312 35.0 % $ 4,998 35.0 % Increase (reduction) in taxes resulting from: State and local income tax, net of Federal income tax benefit 564 3.7 841 5.9 Other (261 ) (1.7 ) (293 ) (2.1 ) Taxes at effective rate $ 5,615 37.0 % $ 5,546 38.8 %

Note 14 - Accumulated Other C37

Note 14 - Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains Defined Benefit Total (In thousands) Beginning balance, net of tax $ (521 ) $ (5,041 ) $ (5,562 ) Other comprehensive income before reclassifications, net of tax 6,770 - $ 6,770 Amounts reclassified from accumulated other comprehensive income, net of tax - 103 103 Net current period other comprehensive income, net of tax 6,770 103 6,873 Ending balance, net of tax $ 6,249 $ (4,938 ) $ 1,311 Unrealized Gains Defined Benefit Total (In thousands) Beginning balance, net of tax $ 3,392 $ (6,299 ) $ (2,907 ) Other comprehensive income before reclassifications, net of tax 4,332 - $ 4,332 Amounts reclassified from accumulated other comprehensive income, net of tax - 168 168 Net current period other comprehensive income, net of tax 4,332 168 4,500 Ending balance, net of tax $ 7,724 $ (6,131 ) $ 1,593
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	For the three months ended March 31, 2016 Details about Accumulated Other Amounts Reclassified from Affected Line Item in the Statement (In thousands) Amortization of defined benefit pension items: Actuarial losses $ (192 ) (1) Other expense Prior service credits 11 (1) Other expense (181 ) Total before tax 78 Tax benefit $ (103 ) Net of tax For the three months ended March 31, 2015 Details about Accumulated Other Amounts Reclassified from Affected Line Item in the Statement (In thousands) Amortization of defined benefit pension items: Actuarial losses $ (307 ) (1) Other expense Prior service credits 11 (1) Other expense (296 ) Total before tax 128 Tax benefit $ (168 ) Net of tax

Note 15 - Regulatory Capital (T

Note 15 - Regulatory Capital (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	March 31, 2016 December 31, 2015 Amount Percent of Amount Percent of (Dollars in thousands) Tier I (leverage) capital: Capital level $ 498,308 8.65 % $ 494,690 8.89 % Requirement to be well capitalized 288,017 5.00 278,175 5.00 Excess 210,291 3.65 216,515 3.89 Common Equity Tier I risk-based capital: Capital level $ 498,308 12.51 % $ 494,690 12.62 Requirement to be well capitalized 258,947 6.50 254,768 6.50 Excess 239,361 6.01 239,922 6.12 Tier 1 risk-based capital: Capital level $ 498,308 12.51 % $ 494,690 12.62 % Requirement to be well capitalized 318,703 8.00 313,560 8.00 Excess 179,605 4.51 181,130 4.62 Total risk-based capital: Capital level $ 520,300 13.06 % $ 516,226 13.17 % Requirement to be well capitalized 398,379 10.00 391,950 10.00 Excess 121,921 3.06 124,276 3.17 March 31, 2016 December 31, 2015 Amount Percent of Amount Percent of (Dollars in thousands) Tier I (leverage) capital: Capital level $ 497,698 8.65 % $ 490,919 8.84 % Requirement to be well capitalized 287,543 5.00 277,611 5.00 Excess 210,155 3.65 213,308 3.84 Common Equity Tier I risk-based capital: Capital level $ 470,685 11.84 % $ 462,883 11.83 Requirement to be well capitalized 258,443 6.50 254,335 6.50 Excess 212,242 5.34 208,548 5.33 Tier 1 risk-based capital: Capital level $ 497,698 12.52 % $ 490,919 12.55 % Requirement to be well capitalized 318,084 8.00 313,028 8.00 Excess 179,614 4.52 177,891 4.55 Total risk-based capital: Capital level $ 519,691 13.07 % $ 512,454 13.10 % Requirement to be well capitalized 397,605 10.00 391,285 10.00 Excess 122,086 3.07 121,169 3.10

Note 3 - Earnings Per Share (De

Note 3 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0

Note 3 - Earnings Per Common Sh

Note 3 - Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Net Income		$ 9,561	$ 8,733
Divided by:
Weighted average common shares outstanding (in shares)		29,097	29,397
Weighted average common stock equivalents (in shares)		14	22
Total weighted average common shares outstanding and common stock equivalents (in shares)		29,111	29,419
Basic earnings per common share (in dollars per share)		$ 0.33	$ 0.30
Diluted earnings per common share (1) (in dollars per share)	[1]	$ 0.33	$ 0.30
Dividend payout ratio		51.50%	53.30%
[1]	For the three months ended March 31, 2016 and 2015, there were no stock options that were anti-dilutive.

Note 4 - Debt and Equity Secu41

Note 4 - Debt and Equity Securities (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Collateralized By Commercial Real Estate [Member] | Collateralized Mortgage Obligations [Member]
Mortgage Backed Securities Available for Sale Amortized Cost	$ 7,600,000		$ 7,700,000
Mortgage Backed Securities Available for Sale Fair Value	7,600,000		7,700,000
Trading Securities	0		0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	0		$ 0
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 0

Note 4 - Amortized Cost and Fai

Note 4 - Amortized Cost and Fair Value of Securities (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Corporate Debt Securities [Member]
Securites held-to-maturity:
Amortized Cost	$ 115,993,000	$ 115,976,000
Fair Value	111,399,000	111,674,000
Gross Unrealized Gains	592,000	134,000
Gross Unrealized Losses	5,186,000	4,436,000
Municipal Debt Securities [Member]
Securites held-to-maturity:
Other securities (none pledged) (fair value of $7,885 and $6,180 at March 31, 2016 and December 31, 2015, respectively)	7,885,000	6,180,000
Other securities, fair value option	7,885,000	6,180,000
Amortized Cost	127,023,000	127,696,000
Fair Value	131,869,000	131,583,000
Gross Unrealized Gains	$ 4,846,000	$ 3,887,000
Gross Unrealized Losses
Mutual Fund Debt Securities [Member]
Securites held-to-maturity:
Amortized Cost	$ 21,507,000	$ 21,290,000
Fair Value	$ 21,507,000	$ 21,290,000
Gross Unrealized Gains
Gross Unrealized Losses
Collateralized Debt Obligations [Member]
Securites held-to-maturity:
Amortized Cost	$ 101,613,000	$ 53,225,000
Fair Value	100,926,000	$ 52,898,000
Gross Unrealized Gains	33,000
Gross Unrealized Losses	720,000	$ 327,000
Other Debt Obligations [Member]
Securites held-to-maturity:
Amortized Cost	7,154,000	7,214,000
Fair Value	$ 7,150,000	$ 7,212,000
Gross Unrealized Gains
Gross Unrealized Losses	$ 4,000	$ 2,000
Available for Sale Securities Excluding Mortgage Backed Securities [Member]
Securites held-to-maturity:
Amortized Cost	373,290,000	325,401,000
Fair Value	372,851,000	324,657,000
Gross Unrealized Gains	5,471,000	4,021,000
Gross Unrealized Losses	5,910,000	4,765,000
REMIC and CMO [Member]
Securites held-to-maturity:
Amortized Cost	462,677,000	469,987,000
Fair Value	470,194,000	469,936,000
Gross Unrealized Gains	8,107,000	3,096,000
Gross Unrealized Losses	590,000	3,147,000
GNMA [Member]
Securites held-to-maturity:
Amortized Cost	10,832,000	11,635,000
Fair Value	11,122,000	11,798,000
Gross Unrealized Gains	325,000	302,000
Gross Unrealized Losses	35,000	139,000
FNMA [Member]
Securites held-to-maturity:
Amortized Cost	167,229,000	170,327,000
Fair Value	170,511,000	170,057,000
Gross Unrealized Gains	3,543,000	1,492,000
Gross Unrealized Losses	261,000	1,762,000
FHLMC [Member]
Securites held-to-maturity:
Amortized Cost	16,351,000	16,961,000
Fair Value	16,585,000	16,949,000
Gross Unrealized Gains	$ 234,000	87,000
Gross Unrealized Losses		99,000
Collateralized Mortgage Backed Securities [Member]
Securites held-to-maturity:
Amortized Cost	$ 657,089,000	668,910,000
Fair Value	668,412,000	668,740,000
Gross Unrealized Gains	12,209,000	4,977,000
Gross Unrealized Losses	886,000	5,147,000
Other securities (none pledged) (fair value of $7,885 and $6,180 at March 31, 2016 and December 31, 2015, respectively)	7,885,000	6,180,000
Other securities, fair value option	7,885,000	6,180,000
Amortized Cost	1,030,379,000	994,311,000
Fair Value	1,041,263,000	993,397,000
Gross Unrealized Gains	17,680,000	8,998,000
Gross Unrealized Losses	$ 6,796,000	$ 9,912,000

Note 4 - Securities Available-f

Note 4 - Securities Available-for-sale and Held-to-maturity by Contractual Maturity (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Mutual Fund Debt Securities [Member]
Amortized Cost	$ 21,507,000	$ 21,290,000
Fair Value	21,507,000	21,290,000
Commercial Mortgage Backed Securities [Member]
Amortized Cost	657,089,000
Fair Value	668,412,000
Due in one year or less	6,845,000
Due in one year or less	6,845,000
Due after one year through five years	1,040,000
Due after one year through five years	1,040,000
Total securities held-to-maturity	7,885,000	6,180,000
Other securities, fair value option	7,885,000	6,180,000
Due in one year or less	5,993,000
Due in one year or less	6,003,000
Due after one year through five years	1,825,000
Due after one year through five years	1,855,000
Due after five years through ten years	74,821,000
Due after five years through ten years	74,261,000
Due after ten years	269,144,000
Due after ten years	269,225,000
Total other securities	351,783,000
Total other securities	351,344,000
Amortized Cost	1,030,379,000	994,311,000
Fair Value	$ 1,041,263,000	$ 993,397,000

Note 4 - Available for Sale Sec

Note 4 - Available for Sale Securities With Gross Unrealized Losses and Their Fair Value (Details) $ in Thousands	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Corporate Debt Securities [Member]
Count	11	12
Fair Value	$ 74,813	$ 85,563
Unrealized Losses	5,186	4,436
Less Than 12 Months - Fair Value	56,128	76,218
Less Than 12 Months - Unrealized Losses	3,871	3,782
12 Months or More - Fair Value	18,685	9,345
12 Months or More - Unrealized Losses	$ 1,315	$ 654
Collateralized Debt Obligations [Member]
Count	9	7
Fair Value	$ 72,328	$ 52,898
Unrealized Losses	720	327
Less Than 12 Months - Fair Value	72,328	52,898
Less Than 12 Months - Unrealized Losses	$ 720	$ 327
12 Months or More - Fair Value
12 Months or More - Unrealized Losses
Other Debt Obligations [Member]
Count	1	1
Fair Value	$ 296	$ 298
Unrealized Losses	$ 4	$ 2
Less Than 12 Months - Fair Value
Less Than 12 Months - Unrealized Losses
12 Months or More - Fair Value	$ 296	$ 298
12 Months or More - Unrealized Losses	$ 4	$ 2
Available for Sale Securities Excluding Mortgage Backed Securities [Member]
Count	21	20
Fair Value	$ 147,437	$ 138,759
Unrealized Losses	5,910	4,765
Less Than 12 Months - Fair Value	128,456	129,116
Less Than 12 Months - Unrealized Losses	4,591	4,109
12 Months or More - Fair Value	18,981	9,643
12 Months or More - Unrealized Losses	$ 1,319	$ 656
REMIC and CMO [Member]
Count	10	33
Fair Value	$ 49,379	$ 238,132
Unrealized Losses	590	3,147
Less Than 12 Months - Fair Value	13,733	182,010
Less Than 12 Months - Unrealized Losses	60	1,642
12 Months or More - Fair Value	35,646	56,122
12 Months or More - Unrealized Losses	$ 530	$ 1,505
GNMA [Member]
Count	1	1
Fair Value	$ 6,786	$ 6,977
Unrealized Losses	$ 35	139
Less Than 12 Months - Fair Value		6,977
Less Than 12 Months - Unrealized Losses		$ 139
12 Months or More - Fair Value	$ 6,786
12 Months or More - Unrealized Losses	$ 35
FNMA [Member]
Count	4	20
Fair Value	$ 26,415	$ 102,225
Unrealized Losses	$ 261	1,762
Less Than 12 Months - Fair Value		75,769
Less Than 12 Months - Unrealized Losses		1,043
12 Months or More - Fair Value	$ 26,415	26,456
12 Months or More - Unrealized Losses	$ 261	$ 719
Collateralized Mortgage Backed Securities [Member]
Count	15	57
Fair Value	$ 82,580	$ 362,049
Unrealized Losses	886	5,147
Less Than 12 Months - Fair Value	13,733	279,471
Less Than 12 Months - Unrealized Losses	60	2,923
12 Months or More - Fair Value	68,847	82,578
12 Months or More - Unrealized Losses	$ 826	$ 2,224
FHLMC [Member]
Count		3
Fair Value		$ 14,715
Unrealized Losses		99
Less Than 12 Months - Fair Value		14,715
Less Than 12 Months - Unrealized Losses		$ 99
12 Months or More - Fair Value
12 Months or More - Unrealized Losses
Count	36	77
Fair Value	$ 230,017	$ 500,808
Unrealized Losses	6,796	9,912
Less Than 12 Months - Fair Value	142,189	408,587
Less Than 12 Months - Unrealized Losses	4,651	7,032
12 Months or More - Fair Value	87,828	92,221
12 Months or More - Unrealized Losses	$ 2,145	$ 2,880

Note 5 - Loans (Details Textual

Note 5 - Loans (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Extension of Credit [Member]
Commitments and Contingencies	$ 164.1
Extension of Lines of Credit [Member]
Commitments and Contingencies	$ 219.6
Fair Value of Collateral Dependent Loans as a Percentage of Appraised or Estimated Value of Collateral	85.00%
Collateral Dependent Impaired Loans Measured by Third Party Appraisals	$ 27.3
Collateral Dependent Impaired Loans Measured by Third Party Appraisals Percentage	80.80%
Collateral Dependent Impaired Loans Measured Internally	$ 6.5
Collateral Dependent Impaired Loans Measured Internally Percentage	19.20%

Note 5 - Loans Modified and Cla

Note 5 - Loans Modified and Classified as TDR (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2015USD ($)
Small Business Administration Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member]
Number of contracts	1
Small Business Administration	$ 41
Number of contracts	1
Small Business Administration	$ 41

Note 5 - Troubled Debt Restruct

Note 5 - Troubled Debt Restructurings That are Performing According to Their Restructured Terms (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015	Dec. 31, 2015USD ($)
Multi-Family Residential [Member] | Performing Financial Instruments [Member]
Number of contracts	9		9
Recorded investment	$ 2,611		$ 2,626
Commercial Real Estate Loans [Member] | Performing Financial Instruments [Member]
Number of contracts	3		3
Recorded investment	$ 2,358		$ 2,371
One-To-Four Family - Mixed Used Property [Member] | Performing Financial Instruments [Member]
Number of contracts	6		6
Recorded investment	$ 2,042		$ 2,052
One-To-Four Family - Residential [Member] | Performing Financial Instruments [Member]
Number of contracts	1		1
Recorded investment	$ 341		$ 343
Small Business Administration Portfolio Segment [Member] | Performing Financial Instruments [Member]
Number of contracts	1		1
Recorded investment	$ 32		$ 34
Commercial Business and Other [Member] | Performing Financial Instruments [Member]
Number of contracts	4		4
Recorded investment	$ 2,038		$ 2,083
Performing Financial Instruments [Member]
Number of contracts	24		24
Recorded investment	$ 9,422		$ 9,509
Number of contracts		1

Note 5 - Troubled Debt Restru48

Note 5 - Troubled Debt Restructurings That are Not Performing According to Their Restructured Terms: (Details) - Nonperforming Financial Instruments [Member] $ in Thousands	3 Months Ended	12 Months Ended	24 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015	Dec. 31, 2015USD ($)
Multi-family Residential Portfolio Segment [Member]
Number of contracts	1	1
Recorded investment	$ 385		$ 391
Number of contracts	1	1
Recorded investment	$ 385		$ 391

Note 5 - Non-Performing Loans (

Note 5 - Non-Performing Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Multi-family Residential Portfolio Segment [Member] | Mortgage Receivable [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	$ 3,518	$ 3,561
Multi-family Residential Portfolio Segment [Member]
Loans ninety days or more past due and still accruing:
Loans ninety days or more past due and still accruing	792	233
Commercial Real Estate Portfolio Segment [Member] | Mortgage Receivable [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	3,295	2,398
Commercial Real Estate Portfolio Segment [Member]
Loans ninety days or more past due and still accruing:
Loans ninety days or more past due and still accruing	1,083	1,183
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Mortgage Receivable [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	5,519	5,952
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Loans ninety days or more past due and still accruing:
Loans ninety days or more past due and still accruing	743	611
One-To-Four Family - Residential Portfolio Segment [Member] | Mortgage Receivable [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	8,861	10,120
One-To-Four Family - Residential Portfolio Segment [Member]
Loans ninety days or more past due and still accruing:
Loans ninety days or more past due and still accruing	13	13
Construction Portfolio Segment [Member]
Loans ninety days or more past due and still accruing:
Loans ninety days or more past due and still accruing	570	1,000
Commercial Business and Other Portfolio Segment [Member] | Non-Mortgage Loans [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	$ 511	568
Commercial Business and Other Portfolio Segment [Member]
Loans ninety days or more past due and still accruing:
Loans ninety days or more past due and still accruing		220
Small Business Administration Portfolio Segment [Member] | Non-Mortgage Loans [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	$ 201	$ 218
Taxi Medallion [Member] | Non-Mortgage Loans [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	196
Mortgage Receivable [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	21,193	$ 22,031
Non-Mortgage Loans [Member]
Loans ninety days or more past due and still accruing:
Non-accrual loans	908	786
Loans ninety days or more past due and still accruing	3,201	3,260
Non-accrual loans	22,101	22,817
Total non-accrual loans and loans ninety days or more past due and still accruing	$ 25,302	$ 26,077

Note 5 - Summary of Interest Fo

Note 5 - Summary of Interest Foregone on Non-Accrual Loans and Loans Classified as TDR (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income that would have been recognized had the loans performed in accordance with their original terms	$ 540	$ 691
Less: Interest income included in the results of operations	123	148
Total foregone interest	$ 417	$ 543

Note 5 - Age Analysis of Record

Note 5 - Age Analysis of Recorded Investment in Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Multi-family Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	$ 6,644	$ 9,421
Multi-family Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	445	804
Multi-family Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	4,310	3,794
Multi-family Residential Portfolio Segment [Member]
Past due	11,399	14,019
Current	2,028,395	2,041,209
Total Loans	2,039,794	2,055,228
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	767	2,820
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	381	153
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	4,378	3,580
Commercial Real Estate Portfolio Segment [Member]
Past due	5,526	6,553
Current	1,052,502	994,683
Total Loans	1,058,028	1,001,236
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	8,961	8,630
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	326	1,258
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	6,262	6,563
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Past due	15,549	16,451
Current	556,297	556,592
Total Loans	571,846	573,043
One-To-Four Family - Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	2,711	4,261
One-To-Four Family - Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	276	154
One-To-Four Family - Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	8,677	10,134
One-To-Four Family - Residential Portfolio Segment [Member]
Past due	11,664	14,549
Current	179,494	173,289
Total Loans	$ 191,158	$ 187,838
Co-Operative Apartments Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due
Co-Operative Apartments Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Co-Operative Apartments Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due
Co-Operative Apartments Portfolio Segment [Member]
Past due
Current	$ 8,182	$ 8,285
Total Loans	$ 8,182	$ 8,285
Construction Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	$ 570	$ 1,000
Construction Portfolio Segment [Member]
Past due	570	1,000
Current	6,902	6,284
Total Loans	7,472	7,284
Small Business Administration Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	$ 37	$ 42
Small Business Administration Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Small Business Administration Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	$ 201	$ 218
Small Business Administration Portfolio Segment [Member]
Past due	238	260
Current	14,463	11,934
Total Loans	14,701	$ 12,194
Taxi Medallion Portflio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	$ 860
Taxi Medallion Portflio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Taxi Medallion Portflio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	$ 196
Taxi Medallion Portflio Segment [Member]
Past due	1,056
Current	19,701	$ 20,881
Total Loans	$ 20,757	$ 20,881
Commercial Business and Other Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due
Commercial Business and Other Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	$ 1	$ 2
Commercial Business and Other Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	353	228
Commercial Business and Other Portfolio Segment [Member]
Past due	354	230
Current	530,968	506,392
Total Loans	531,322	506,622
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	19,980	25,174
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	1,429	2,371
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	24,947	25,517
Past due	46,356	53,062
Current	4,396,904	4,319,549
Total Loans	$ 4,443,260	$ 4,372,611

Note 5 - Activity in the Allowa

Note 5 - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Multi-family Residential Portfolio Segment [Member]
Beginning balance	$ 6,718	$ 8,827
Charge-off's	(42)	(97)
Recoveries	13	23
Provision (benefit)	(391)	(124)
Ending balance	6,298	8,629
Ending balance: individually evaluated for impairment	247	267
Ending balance: collectively evaluated for impairment	6,051	8,362
Commercial Real Estate Portfolio Segment [Member]
Beginning balance	$ 4,239	4,202
Charge-off's		(18)
Recoveries		72
Provision (benefit)	$ (38)	(354)
Ending balance	4,201	3,902
Ending balance: individually evaluated for impairment	171	19
Ending balance: collectively evaluated for impairment	4,030	3,883
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Beginning balance	4,227	5,840
Charge-off's	(14)	(78)
Recoveries	187	3
Provision (benefit)	(893)	(336)
Ending balance	3,507	5,429
Ending balance: individually evaluated for impairment	491	566
Ending balance: collectively evaluated for impairment	3,016	4,863
One-To-Four Family - Residential Portfolio Segment [Member]
Beginning balance	1,227	1,690
Charge-off's	(66)	$ (153)
Recoveries	365
Provision (benefit)	(484)	$ (72)
Ending balance	1,042	1,465
Ending balance: individually evaluated for impairment	50	54
Ending balance: collectively evaluated for impairment	992	1,411
Co-Operative Apartments Portfolio Segment [Member]
Beginning balance	$ 50	$ 42
Charge-off's
Recoveries
Provision (benefit)	$ 5	$ (19)
Ending balance	$ 55	$ 23
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	$ 55	$ 23
Small Business Administration Portfolio Segment [Member]
Beginning balance	$ 262	$ 279
Charge-off's
Recoveries	$ 31	$ 20
Provision (benefit)	(24)	(33)
Ending balance	269	$ 266
Ending balance: individually evaluated for impairment	47
Ending balance: collectively evaluated for impairment	222	$ 266
Taxi Medallion Portflio Segment [Member]
Beginning balance	$ 343	$ 11
Charge-off's
Recoveries
Provision (benefit)	$ (8)
Ending balance	335	$ 11
Ending balance: individually evaluated for impairment	325
Ending balance: collectively evaluated for impairment	10	$ 11
Commercial Business and Other Portfolio Segment [Member]
Beginning balance	4,469	4,205
Charge-off's	(25)	(51)
Recoveries	9	8
Provision (benefit)	138	204
Ending balance	4,591	4,366
Ending balance: individually evaluated for impairment	108	139
Ending balance: collectively evaluated for impairment	$ 4,483	4,227
Unallocated Financing Receivables [Member]
Beginning balance
Charge-off's
Recoveries
Provision (benefit)	$ 1,695
Ending balance	$ 1,695
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	$ 1,695
Beginning balance	21,535	25,096
Charge-off's	(147)	(397)
Recoveries	$ 605	126
Provision (benefit)		(734)
Ending balance	$ 21,993	24,091
Ending balance: individually evaluated for impairment	1,439	1,045
Ending balance: collectively evaluated for impairment	$ 20,554	$ 23,046

Note 5 - Loans Evaluated for Im

Note 5 - Loans Evaluated for Impairment (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Multi-family Residential Portfolio Segment [Member]
Ending Balance	$ 2,039,794	$ 2,055,228
Ending balance: collectively evaluated for impairment	2,031,392	2,047,181
Commercial Real Estate Portfolio Segment [Member]
Ending Balance	1,058,028	1,001,236
Ending balance: collectively evaluated for impairment	1,050,468	995,053
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Ending Balance	571,846	573,043
Ending balance: collectively evaluated for impairment	560,361	560,215
One-To-Four Family - Residential Portfolio Segment [Member]
Ending Balance	191,158	187,838
Ending balance: collectively evaluated for impairment	179,853	175,240
Co-Operative Apartments Portfolio Segment [Member]
Ending Balance	8,182	8,285
Ending balance: collectively evaluated for impairment	8,182	8,285
Construction Portfolio Segment [Member]
Ending Balance	7,472	7,284
Ending balance: collectively evaluated for impairment	6,902	6,284
Small Business Administration Portfolio Segment [Member]
Ending Balance	14,701	12,194
Ending balance: collectively evaluated for impairment	14,299	11,884
Taxi Medallion Portflio Segment [Member]
Ending Balance	20,757	20,881
Ending balance: collectively evaluated for impairment	18,647	18,763
Commercial Business and Other Portfolio Segment [Member]
Ending Balance	531,322	506,622
Ending balance: collectively evaluated for impairment	526,956	501,906
Ending Balance	4,443,260	4,372,611
Ending balance: collectively evaluated for impairment	$ 4,397,060	$ 4,324,811

Note 5 - Impaired Loans (Detail

Note 5 - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Mortgage Receivable [Member] | Multi-family Residential Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded	$ 6,108		$ 5,742
Unpaid Principal Balance, With no related allowance recorded	6,818		6,410
Recorded Investment, With an allowance recorded	2,294		2,305
Unpaid Principal Balance, With an allowance recorded	2,294		2,305
Related Allowance	247		252
Average Recorded Investment, With no related allowance recorded	5,925	$ 10,905
Interest Income Recognized, With no related allowance recorded	17	56
Average Recorded Investment, With an allowance recorded	2,300	2,597
Interest Income Recognized, With an allowance recorded	29	32
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded	5,202		3,812
Unpaid Principal Balance, With no related allowance recorded	5,259		3,869
Recorded Investment, With an allowance recorded	2,358		2,371
Unpaid Principal Balance, With an allowance recorded	2,358		2,371
Related Allowance	171		180
Average Recorded Investment, With no related allowance recorded	4,507	6,567
Interest Income Recognized, With no related allowance recorded	12	39
Average Recorded Investment, With an allowance recorded	2,365	1,458
Interest Income Recognized, With an allowance recorded	28	7
Mortgage Receivable [Member] | One-To-Four Family - Mixed Used Property [Member]
Average Recorded Investment, With no related allowance recorded	9,418	11,749
Interest Income Recognized, With no related allowance recorded	33	57
Average Recorded Investment, With an allowance recorded	2,739	3,085
Interest Income Recognized, With an allowance recorded	38	42
Mortgage Receivable [Member] | One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded	8,754		10,082
Unpaid Principal Balance, With no related allowance recorded	9,698		11,335
Recorded Investment, With an allowance recorded	2,731		2,746
Unpaid Principal Balance, With an allowance recorded	2,731		2,746
Related Allowance	491		502
Mortgage Receivable [Member] | One-To-Four Family - Residential Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded	10,964		12,255
Unpaid Principal Balance, With no related allowance recorded	12,558		14,345
Recorded Investment, With an allowance recorded	341		343
Unpaid Principal Balance, With an allowance recorded	341		343
Related Allowance	50		$ 51
Average Recorded Investment, With no related allowance recorded	11,610	13,210
Interest Income Recognized, With no related allowance recorded	27	25
Average Recorded Investment, With an allowance recorded	342	353
Interest Income Recognized, With an allowance recorded	$ 3	$ 4
Mortgage Receivable [Member] | Co-Operative Apartments Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded
Unpaid Principal Balance, With no related allowance recorded
Recorded Investment, With an allowance recorded
Unpaid Principal Balance, With an allowance recorded
Related Allowance
Average Recorded Investment, With no related allowance recorded
Interest Income Recognized, With no related allowance recorded
Average Recorded Investment, With an allowance recorded
Interest Income Recognized, With an allowance recorded
Mortgage Receivable [Member] | Construction Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded	$ 570		$ 1,000
Unpaid Principal Balance, With no related allowance recorded	$ 570		$ 1,000
Recorded Investment, With an allowance recorded
Unpaid Principal Balance, With an allowance recorded
Related Allowance
Average Recorded Investment, With no related allowance recorded	$ 785
Interest Income Recognized, With no related allowance recorded
Average Recorded Investment, With an allowance recorded
Interest Income Recognized, With an allowance recorded
Mortgage Receivable [Member]
Related Allowance	$ 959		$ 985
Recorded Investment, Total Impaired Loans	39,322		40,656
Unpaid Principal Balance, Total Impaired Loans	42,627		44,724
Average Recorded Investment, Total Impaired Loans	39,991	$ 49,924
Interest Income Recognized, Total Impaired Loans	187	262
Non-Mortgage Loans [Member] | Small Business Administration Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded	252		276
Unpaid Principal Balance, With no related allowance recorded	252		276
Recorded Investment, With an allowance recorded	150		34
Unpaid Principal Balance, With an allowance recorded	150		$ 34
Related Allowance	47
Average Recorded Investment, With no related allowance recorded	264	159
Interest Income Recognized, With no related allowance recorded	3	1
Average Recorded Investment, With an allowance recorded	92	21
Interest Income Recognized, With an allowance recorded	$ 2	$ 1
Non-Mortgage Loans [Member] | Taxi Medallion Portflio Segment [Member]
Recorded Investment, With no related allowance recorded
Unpaid Principal Balance, With no related allowance recorded
Recorded Investment, With an allowance recorded	$ 2,110		$ 2,118
Unpaid Principal Balance, With an allowance recorded	2,110		2,118
Related Allowance	$ 325		333
Average Recorded Investment, With no related allowance recorded
Interest Income Recognized, With no related allowance recorded
Average Recorded Investment, With an allowance recorded	$ 2,114
Interest Income Recognized, With an allowance recorded	15
Non-Mortgage Loans [Member] | Commercial Business and Other Portfolio Segment [Member]
Recorded Investment, With no related allowance recorded	2,374		2,682
Unpaid Principal Balance, With no related allowance recorded	2,744		5,347
Recorded Investment, With an allowance recorded	1,992		2,034
Unpaid Principal Balance, With an allowance recorded	1,992		2,034
Related Allowance	108		112
Average Recorded Investment, With no related allowance recorded	2,528	$ 4,511
Interest Income Recognized, With no related allowance recorded	46	69
Average Recorded Investment, With an allowance recorded	2,013	2,660
Interest Income Recognized, With an allowance recorded	25	35
Non-Mortgage Loans [Member]
Related Allowance	480		445
Recorded Investment, Total Impaired Loans	6,878		7,144
Unpaid Principal Balance, Total Impaired Loans	7,248		9,809
Average Recorded Investment, Total Impaired Loans	7,011	7,351
Interest Income Recognized, Total Impaired Loans	91	106
Multi-family Residential Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans	14,295		9,782
Commercial Real Estate Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans	6,703		5,633
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans	12,373		14,077
One-To-Four Family - Residential Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans	$ 12,502		$ 13,692
Co-Operative Apartments Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans
Construction Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans	$ 570		$ 1,000
Small Business Administration Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans	830		453
Taxi Medallion Portflio Segment [Member]
Recorded Investment, Total Impaired Loans	2,110		2,118
Commercial Business and Other Portfolio Segment [Member]
Recorded Investment, Total Impaired Loans	2,950		3,123
Recorded Investment, With no related allowance recorded	34,224		35,849
Unpaid Principal Balance, With no related allowance recorded	37,899		42,582
Recorded Investment, With an allowance recorded	11,976		11,951
Unpaid Principal Balance, With an allowance recorded	11,976		11,951
Related Allowance	1,439		1,430
Recorded Investment, Total Impaired Loans	52,333		$ 49,878
Average Recorded Investment, With no related allowance recorded	35,037	47,101
Interest Income Recognized, With no related allowance recorded	138	247
Average Recorded Investment, With an allowance recorded	11,965	10,174
Interest Income Recognized, With an allowance recorded	$ 140	$ 121

Note 5 - Loans Designated as Cr

Note 5 - Loans Designated as Criticized or Classified (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Multi-family Residential Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified	$ 8,505	$ 4,361
Multi-family Residential Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 5,790	$ 5,421
Multi-family Residential Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
Multi-family Residential Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
Multi-family Residential Portfolio Segment [Member]
Loans designated as criticized or classified	$ 14,295	$ 9,782
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified	1,500	1,821
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 5,203	$ 3,812
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
Commercial Real Estate Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
Commercial Real Estate Portfolio Segment [Member]
Loans designated as criticized or classified	$ 6,703	$ 5,633
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified	2,716	3,087
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 9,657	$ 10,990
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Loans designated as criticized or classified	$ 12,373	$ 14,077
One-To-Four Family - Residential Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified	1,538	1,437
One-To-Four Family - Residential Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 10,964	$ 12,255
One-To-Four Family - Residential Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
One-To-Four Family - Residential Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
One-To-Four Family - Residential Portfolio Segment [Member]
Loans designated as criticized or classified	$ 12,502	$ 13,692
Co-Operative Apartments Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified
Co-Operative Apartments Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified
Co-Operative Apartments Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
Co-Operative Apartments Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
Co-Operative Apartments Portfolio Segment [Member]
Loans designated as criticized or classified
Construction Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified
Construction Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 570	$ 1,000
Construction Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
Construction Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
Construction Portfolio Segment [Member]
Loans designated as criticized or classified	$ 570	$ 1,000
Small Business Administration Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified	504	229
Small Business Administration Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 326	$ 224
Small Business Administration Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
Small Business Administration Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
Small Business Administration Portfolio Segment [Member]
Loans designated as criticized or classified	$ 830	$ 453
Taxi Medallion Portflio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified
Taxi Medallion Portflio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 2,110	$ 2,118
Taxi Medallion Portflio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
Taxi Medallion Portflio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
Taxi Medallion Portflio Segment [Member]
Loans designated as criticized or classified	$ 2,110	$ 2,118
Commercial Business and Other Portfolio Segment [Member] | Special Mention [Member]
Loans designated as criticized or classified	147
Commercial Business and Other Portfolio Segment [Member] | Substandard [Member]
Loans designated as criticized or classified	$ 2,803	$ 3,123
Commercial Business and Other Portfolio Segment [Member] | Doubtful [Member]
Loans designated as criticized or classified
Commercial Business and Other Portfolio Segment [Member] | Loss [Member]
Loans designated as criticized or classified
Commercial Business and Other Portfolio Segment [Member]
Loans designated as criticized or classified	$ 2,950	$ 3,123
Special Mention [Member]
Loans designated as criticized or classified	14,910	10,935
Substandard [Member]
Loans designated as criticized or classified	$ 37,423	$ 38,943
Doubtful [Member]
Loans designated as criticized or classified
Loss [Member]
Loans designated as criticized or classified
Loans designated as criticized or classified	$ 52,333	$ 49,878

Note 6 - Loans Held for Sale (D

Note 6 - Loans Held for Sale (Details Textual) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015
Performing Financial Instruments [Member] | Small Business Administration Portfolio Segment [Member]
Number of Loans Held for Sale	6
Proceeds from Sale of Loans Held-for-sale	$ 3.5
Gain (Loss) on Sale of Loans and Leases	$ 0.3
Number of Loans Held for Sale	0	0

Note 6 - Delinquent and Non-Per

Note 6 - Delinquent and Non-Performing Loans Sold During the Period Indicated (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)		Mar. 31, 2015USD ($)
Multi-family Residential Portfolio Segment [Member]
Loans sold	3
Proceeds	$ 874
Net gain	$ 2
Multi-Family Residential [Member]
Loans sold			2
Proceeds			$ 836
Net gain			$ 2
Commercial Real Estate Portfolio Segment [Member]
Loans sold	2
Proceeds	$ 192
Net gain
One-To-Four Family - Mixed Used Property [Member]
Loans sold			3
Proceeds			$ 686
Net gain
One-To-Four Family - Mixed-Use Property Portfolio Segment [Member]
Loans sold	4
Proceeds	$ 1,315
Net gain	$ 21
Loans sold	9	[1]	5
Proceeds	$ 2,381	[1]	$ 1,522
Net gain	$ 23	[1]	$ 2
[1]	The above table does not include the sale of six performing small business administration loans for proceeds totaling $3.5 million during the three months ended March 31, 2016. These loans were sold for a net gain of $0.3 million.

Note 7 - Other Real Estate Ow58

Note 7 - Other Real Estate Owned (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Consumer Portfolio Segment [Member]
Securities Received as Collateral, Amount Foreclosed	$ 0
Mortgage Loans in Process of Foreclosure, Amount	$ 13,500,000	$ 15,200,000
Residential Portfolio Segment [Member] | Real Estate Loan [Member]
Number of Foreclosed Real Estate Held	2	1
Repossessed Assets	$ 600,000	$ 100,000

Note 7 - Changes in Other Real

Note 7 - Changes in Other Real Estate Owned (“OREO”) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Balance at beginning of period	$ 4,932	$ 6,326
Acquisitions	533	$ 483
Write-down of carrying value	(47)
Sales	(816)	$ (1,557)
Balance at end of period	$ 4,602	$ 5,252

Note 7 - Gross Gains, Gross Los

Note 7 - Gross Gains, Gross Losses and Write-Downs of OREO (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Gross gains	$ 37	$ 216
Gross losses		(6)
Total net gain	$ 37	$ 210

Note 8 - Repurchase Agreement61

Note 8 - Repurchase Agreements (Details Textual) $ in Millions	Mar. 31, 2016USD ($)
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	$ 132.3

Note 8 - Summary of Repurchase

Note 8 - Summary of Repurchase Agreement (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Maturity Less than One Year [Member] | Collateralized Mortgage Backed Securities [Member]
Repurchase agreements	$ 38	$ 38
Maturity Less than One Year [Member]
Repurchase agreements	38	38
Maturity Less than One Year to Three Years [Member] | Collateralized Mortgage Backed Securities [Member]
Repurchase agreements	38	38
Maturity Less than One Year to Three Years [Member]
Repurchase agreements	38	38
Maturity over Three Years [Member] | Collateralized Mortgage Backed Securities [Member]
Repurchase agreements	40	40
Maturity over Three Years [Member]
Repurchase agreements	40	40
Collateralized Mortgage Backed Securities [Member]
Repurchase agreements	116	116
Repurchase agreements	$ 116	$ 116

Note 9 - Stock-based Compensa63

Note 9 - Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2013	May. 20, 2014
Restricted Stock Units (RSUs) [Member] | Omnibus Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 4,800,000	$ 4,100,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	337,175	314,520
Phantom Share Units (PSUs) [Member] | Phantom Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	1 year
Omnibus Plan 2014 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Omnibus Plan 2014 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Omnibus Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				1,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	473,040
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 9,100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 219 days
Phantom Stock Plan [Member] | Annually [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	20.00%
Phantom Stock Plan [Member] | Change of Control [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			100.00%
Phantom Stock Plan [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Phantom Stock Plan [Member]
Allocated Share-based Compensation Expense	$ 29,000	$ 9,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	28,000	8,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 1,100,000	$ 1,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Allocated Share-based Compensation Expense	$ 3,000,000	$ 2,800,000

Note 9 - Full Value Awards (Det

Note 9 - Full Value Awards (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Non-vested at December 31, 2015 (in shares)	415,909
Non-vested at December 31, 2015 (in dollars per share)	$ 18.10
Granted (in shares)	337,175	314,520
Granted (in dollars per share)	$ 19.85
Vested (in shares)	(235,335)
Vested (in dollars per share)	$ 18.71
Forfeited (in shares)	(900)
Forfeited (in dollars per share)	$ 19.43
Non-vested at March 31, 2016 (in shares)	516,849
Non-vested at March 31, 2016 (in dollars per share)	$ 18.97
Vested but unissued at March 31, 2016 (in shares)	280,450
Vested but unissued at March 31, 2016 (in dollars per share)	$ 19.28

Note 9 - Non-Full Value Awards

Note 9 - Non-Full Value Awards (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Outstanding at December 31, 2015 (in shares)		109,130
Outstanding at December 31, 2015 (in dollars per share)		$ 16.14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		0	0
Exercised (in shares)		(18,200)
Exercised (in dollars per share)		$ 19.03
Forfeited (in shares)
Forfeited (in dollars per share)
Outstanding at March 31, 2016 (in shares)		90,930
Outstanding at March 31, 2016 (in dollars per share)		$ 15.56
Outstanding at March 31, 2016		2 years 36 days
Outstanding at March 31, 2016	[1]	$ 551
[1]	The intrinsic value of a stock option is the difference between the market value of the underlying stock and the exercise price of the option.

Note 9 - Stock Options Exercise

Note 9 - Stock Options Exercised (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Proceeds from stock options exercised	$ 19
Fair value of shares received upon exercised of stock options	328	$ 20
Tax (expense) benefit related to stock options exercised	(16)	1
Intrinsic value of stock options exercised	$ 43	$ 2

Note 9 - Phantom Stock Plan (De

Note 9 - Phantom Stock Plan (Details) - Phantom Share Units (PSUs) [Member] - Phantom Stock Plan [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Outstanding at December 31, 2015 (in shares) | shares	79,440
Outstanding at December 31, 2015 (in dollars per share) | $ / shares	$ 21.64
Granted (in shares) | shares	10,150
Granted (in dollars per share) | $ / shares	$ 19.88
Forfeited (in shares) | shares
Forfeited (in dollars per share) | $ / shares
Distributions (in shares) | shares	(1,362)
Distributions (in dollars per share) | $ / shares	$ 20.28
Outstanding at March 31, 2016 (in shares) | shares	88,228
Outstanding at March 31, 2016 (in dollars per share) | $ / shares	$ 21.62
Vested at March 31, 2016 (in shares) | shares	87,826
Vested at March 31, 2016 (in dollars per share) | $ / shares	$ 21.62

Note 10 - Pension and Other P68

Note 10 - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
DirectorsPlanMember
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		$ 300,000
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		300,000
Defined Benefit Plan, Contributions by Employer	$ 36,000
Other Postretirement Benefit Plan [Member]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		200,000
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		$ 200,000
Defined Benefit Plan, Contributions by Employer	$ 18,000

Note 10 - Components of Net Exp

Note 10 - Components of Net Expense for Pension and Other Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Employee Pension Plan [Member]
Employee Pension Plan:
Interest cost	$ 226	$ 221
Amortization of unrecognized (gain) loss	201	291
Expected return on plan assets	(348)	(350)
Net expense	79	162
DirectorsPlanMember
Employee Pension Plan:
Interest cost	24	24
Amortization of unrecognized (gain) loss	(21)	(14)
Net expense	24	31
Service cost	11	11
Amortization of past service liability (credit)	10	10
Amortization of past service liability (credit)	(10)	(10)
Other Postretirement Benefit Plan [Member]
Employee Pension Plan:
Interest cost	80	75
Amortization of unrecognized (gain) loss	12	30
Net expense	161	179
Service cost	90	95
Amortization of past service liability (credit)	(21)	(21)
Amortization of past service liability (credit)	$ 21	$ 21

Note 11 - Fair Value of Finan70

Note 11 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Interest Rate Swap [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 2,100	$ 1,300
Financial Liabilites at Fair Value Option Contractual Principal	61,900		$ 61,900
Financial Liabilities at Fair Value Option Accrued Interest Payable	100		100
Financial Assets at Fair Value Option	30,800		30,700
Financial Liabilities at Fair Value Option	28,000		$ 29,000
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ (987)	$ (595)
Fair Value Inputs, Discount Rate	85.00%

Note 11 - Financial Assets and

Note 11 - Financial Assets and Liabilities Reported Under the Fair Value Option (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Collateralized Mortgage Backed Securities [Member]
Financial Assets at Fair Value Option		$ 2,403		$ 2,527
Fair Value, Option, Changes in Fair Value, Gain (Loss)		5	$ (8)
Borrowed funds		5	(8)
Other Securities [Member]
Financial Assets at Fair Value Option		28,361		28,205
Fair Value, Option, Changes in Fair Value, Gain (Loss)		96	197
Borrowed funds		96	197
Borrowed Funds [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)		1,054	524
Financial Liabilities at Fair Value Option		27,977		29,018
Borrowed funds		1,054	524
Financial Assets and Liabilities, Excluding Interest Rate Caps / Swaps [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	[1]	1,155	713
Borrowed funds	[1]	1,155	713
Financial Assets at Fair Value Option		30,800		30,700
Fair Value, Option, Changes in Fair Value, Gain (Loss)		(987)	(595)
Financial Liabilities at Fair Value Option		28,000		$ 29,000
Borrowed funds		$ (987)	$ (595)
[1]	The net gain from fair value adjustments presented in the above table does not include net losses of $2.1 million and $1.3 million for the three months ended March 31, 2016 and 2015, respectively, from the change in the fair value of interest rate swaps.

Note 11 - Fair Value Measured o

Note 11 - Fair Value Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Assets	$ 668,412	$ 668,740
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Assets
Collateralized Mortgage Backed Securities [Member]
Assets:
Assets	$ 668,412	$ 668,740
Other Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Assets	365,701	317,445
Other Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Assets	7,150	7,212
Other Securities [Member]
Assets:
Assets	$ 372,851	324,657
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Assets		48
Liabilities:
Liabilities	$ 11,466	$ 4,314
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Assets
Liabilities:
Liabilities
Interest Rate Swap [Member]
Assets:
Assets		$ 48
Liabilities:
Liabilities	$ 11,466	$ 4,314
Borrowed Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities:
Liabilities
Borrowed Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities:
Liabilities	$ 27,977	$ 29,018
Borrowed Funds [Member]
Liabilities:
Liabilities	27,977	29,018
Fair Value, Inputs, Level 2 [Member]
Assets:
Assets	1,034,113	986,233
Liabilities:
Liabilities	11,466	4,314
Fair Value, Inputs, Level 3 [Member]
Assets:
Assets	7,150	7,212
Liabilities:
Liabilities	27,977	29,018
Assets	1,041,263	993,445
Liabilities	$ 39,443	$ 33,332

Note 11 - Assets and Liabilitie

Note 11 - Assets and Liabilities Carried at Fair Value on a Recurring Basis, Classified Within Level 3 of the Valuation Hierarchy (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Inputs, Level 3 [Member] | Trust Preferred Securities [Member]
Beginning balance	$ 7,212	$ 7,090
Net loss from fair value adjustment of financial assets	$ (60)	$ 94
Net gain from fair value adjustment of financial liabilities
Increase in accrued interest payable
Change in unrealized gains included in other comprehensive income	$ (2)	$ 5
Ending balance	7,150	7,189
Changes in unrealized gain (loss) held at period end	(2)	$ 5
Purchases
Principal repayments
Maturities
Fair Value, Inputs, Level 3 [Member] | Municipal [Member]
Beginning balance		$ 15,519
Net loss from fair value adjustment of financial assets
Net gain from fair value adjustment of financial liabilities
Increase in accrued interest payable
Change in unrealized gains included in other comprehensive income
Ending balance		$ 14,464
Changes in unrealized gain (loss) held at period end
Purchases		$ 1,000
Principal repayments		(55)
Maturities		(2,000)
Fair Value, Inputs, Level 3 [Member] | Junior Subordinated Debentures [Member]
Beginning balance	$ 29,018	$ 28,771
Net loss from fair value adjustment of financial assets
Net gain from fair value adjustment of financial liabilities	$ (1,056)	$ (524)
Increase in accrued interest payable	$ 15	$ (3)
Change in unrealized gains included in other comprehensive income
Ending balance	$ 27,977	$ 28,244
Changes in unrealized gain (loss) held at period end
Purchases
Principal repayments
Maturities
Trust Preferred Securities [Member]
Beginning balance	$ 7,212
Ending balance	$ 7,150

Note 11 - Quantitative Informat

Note 11 - Quantitative Information About Non-Recurring Level 3 Fair Value of Financial Instruments and the Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Trust Preferred Securities [Member] | Minimum [Member]
Range	7.00%	7.00%
Trust Preferred Securities [Member] | Maximum [Member]
Range	7.12%	7.07%
Trust Preferred Securities [Member] | Weighted Average [Member]
Range	7.10%	7.10%
Trust Preferred Securities [Member]
Fair Value	$ 7,150	$ 7,212
Valuation Technique	Discounted cash flows	Discounted cash flows
Unobservable Input	Discount rate	Discount rate
Junior Subordinated Debentures [Member] | Weighted Average [Member]
Range	7.00%	7.00%
Junior Subordinated Debentures [Member]
Valuation Technique	Discounted cash flows	Discounted cash flows
Unobservable Input	Discount rate	Discount rate
Range	7.00%	7.00%
Fair Value	$ 27,977	$ 29,018

Note 11 - Assets and Liabilit75

Note 11 - Assets and Liabilities Carried at Fair Value on a Non-Recurring Basis, and the Method Used to Determine Their Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Assets
Fair Value, Inputs, Level 1 [Member] | Other Real Estate Owned [Member]
Assets
Fair Value, Inputs, Level 1 [Member]
Assets
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Assets
Fair Value, Inputs, Level 2 [Member] | Other Real Estate Owned [Member]
Assets
Fair Value, Inputs, Level 2 [Member]
Assets
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Assets	$ 15,175	$ 15,360
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Assets	4,602	4,932
Fair Value, Inputs, Level 3 [Member]
Assets	19,777	20,292
Impaired Loans [Member]
Assets	15,175	15,360
Other Real Estate Owned [Member]
Assets	4,602	4,932
Assets	$ 19,777	$ 20,292

Note 11 - Quantitative Inform76

Note 11 - Quantitative Information About Non-Recurring Level 3 Fair Value of Financial Instruments and the Fair Value Measurements (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Minimum [Member]
Range, capitalization rate	7.30%	7.30%
Range, loss severity discount	14.00%
Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Maximum [Member]
Range, capitalization rate	8.00%	8.50%
Range, loss severity discount	15.00%
Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member]
Range, capitalization rate	7.60%	7.70%
Range, loss severity discount	14.90%	15.00%
Impaired Loans [Member] | Income Approach Valuation Technique [Member]
Fair Value	$ 3,465,000	$ 3,878,000
Range, loss severity discount		15.00%
Impaired Loans [Member] | Sales Approach Valuation Technique [Member] | Minimum [Member]
Range, comparability adjustments	50.00%	50.00%
Impaired Loans [Member] | Sales Approach Valuation Technique [Member] | Maximum [Member]
Range, comparability adjustments	20.00%	40.00%
Impaired Loans [Member] | Sales Approach Valuation Technique [Member] | Weighted Average [Member]
Range, loss severity discount	15.00%	15.00%
Range, comparability adjustments	3.30%	2.20%
Impaired Loans [Member] | Sales Approach Valuation Technique [Member]
Fair Value	$ 4,985,000	$ 5,555,000
Range, loss severity discount	15.00%	15.00%
Impaired Loans [Member] | Blended Income and Sales Approach [Member] | Minimum [Member]
Range, capitalization rate	5.30%	5.30%
Range, loss severity discount	5.20%	5.20%
Range, comparability adjustments	50.00%	50.00%
Impaired Loans [Member] | Blended Income and Sales Approach [Member] | Maximum [Member]
Range, capitalization rate	9.00%	9.00%
Range, loss severity discount	15.00%	15.00%
Range, comparability adjustments	25.00%	25.00%
Impaired Loans [Member] | Blended Income and Sales Approach [Member] | Weighted Average [Member]
Range, capitalization rate	7.10%	7.00%
Range, loss severity discount	13.80%	13.70%
Range, comparability adjustments	3.30%	2.20%
Impaired Loans [Member] | Blended Income and Sales Approach [Member]
Fair Value	$ 6,725,000	$ 5,927,000
Impaired Loans [Member]
Fair Value	$ 15,175,000	$ 15,360,000
Other Real Estate Owned [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member]
Range, capitalization rate	9.00%	9.00%
Other Real Estate Owned [Member] | Income Approach Valuation Technique [Member]
Fair Value	$ 3,750,000	$ 3,750,000
Range, capitalization rate	9.00%	9.00%
Other Real Estate Owned [Member] | Sales Approach Valuation Technique [Member] | Minimum [Member]
Range, comparability adjustments	5.00%	5.00%
Other Real Estate Owned [Member] | Sales Approach Valuation Technique [Member] | Maximum [Member]
Range, comparability adjustments	25.00%	25.00%
Other Real Estate Owned [Member] | Sales Approach Valuation Technique [Member] | Weighted Average [Member]
Range, comparability adjustments	10.90%	12.00%
Other Real Estate Owned [Member] | Sales Approach Valuation Technique [Member]
Fair Value	$ 852,000	$ 366
Other Real Estate Owned [Member] | Blended Income and Sales Approach [Member] | Minimum [Member]
Range, comparability adjustments		10.00%
Other Real Estate Owned [Member] | Blended Income and Sales Approach [Member] | Maximum [Member]
Range, comparability adjustments		15.00%
Other Real Estate Owned [Member] | Blended Income and Sales Approach [Member] | Weighted Average [Member]
Range, capitalization rate		8.60%
Range, comparability adjustments		2.50%
Other Real Estate Owned [Member] | Blended Income and Sales Approach [Member]
Fair Value		$ 816,000
Range, capitalization rate		8.60%
Other Real Estate Owned [Member]
Fair Value	4,602,000	$ 4,932,000
Fair Value	$ 19,777,000	$ 20,292,000

Note 11 - Carrying Amounts and

Note 11 - Carrying Amounts and Estimated Fair Values of Selected Financial Instruments as Well as Assumptions Used in Estimating Fair Value (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Cash and Due from Banks [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets	$ 51,417,000	$ 42,363,000
Cash and Due from Banks [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets
Cash and Due from Banks [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets
Cash and Due from Banks [Member]
Carrying Amount, Assets	$ 51,417,000	$ 42,363,000
Fair Value, Assets	$ 51,417,000	$ 42,363,000
Securities Held to Maturity [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets
Securities Held to Maturity [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets
Securities Held to Maturity [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets	$ 7,885,000	$ 6,180,000
Securities Held to Maturity [Member]
Carrying Amount, Assets	7,885,000	6,180,000
Fair Value, Assets	$ 7,885,000	$ 6,180,000
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets	$ 668,412,000	$ 668,740,000
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets
Collateralized Mortgage Backed Securities [Member]
Carrying Amount, Assets	$ 668,412,000	$ 668,740,000
Fair Value, Assets	$ 668,412,000	$ 668,740,000
Other Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets
Other Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets	$ 365,701,000	$ 317,445,000
Other Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets	7,150,000	7,212,000
Other Securities [Member]
Carrying Amount, Assets	372,851,000	324,657,000
Fair Value, Assets	$ 372,851,000	$ 324,657,000
Loans Balance Sheet Location [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets
Loans Balance Sheet Location [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets
Loans Balance Sheet Location [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets	$ 4,501,190,000	$ 4,434,079,000
Loans Balance Sheet Location [Member]
Carrying Amount, Assets	4,458,541,000	4,387,979,000
Fair Value, Assets	$ 4,501,190,000	$ 4,434,079,000
FHLB-NY Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets
FHLB-NY Stock [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets	$ 53,368,000	$ 56,066,000
FHLB-NY Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets
FHLB-NY Stock [Member]
Carrying Amount, Assets	$ 53,368,000	$ 56,066,000
Fair Value, Assets	53,368,000	56,066,000
Total Assets, Financial Instruments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets	51,417,000	42,363,000
Total Assets, Financial Instruments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets	1,087,481,000	1,042,299,000
Total Assets, Financial Instruments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets	4,516,225,000	4,447,471,000
Total Assets, Financial Instruments [Member]
Carrying Amount, Assets	5,612,474,000	5,486,033,000
Fair Value, Assets	5,655,123,000	$ 5,532,133,000
Interest Rate Swaps [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets
Interest Rate Swaps [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets		$ 48,000
Interest Rate Swaps [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets
Interest Rate Swaps [Member]
Carrying Amount, Assets		$ 48,000
Fair Value, Assets		48,000
Fair Value, Inputs, Level 1 [Member] | Deposits [Member]
Fair Value, Liabilities	$ 2,701,825,000	$ 2,489,245,000
Fair Value, Inputs, Level 1 [Member] | Borrowings [Member]
Fair Value, Liabilities
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swaps [Member]
Fair Value, Liabilities
Fair Value, Inputs, Level 1 [Member] | Total Liabilities, Financial Instruments [Member]
Fair Value, Liabilities	$ 2,701,825,000	$ 2,489,245,000
Fair Value, Inputs, Level 2 [Member] | Deposits [Member]
Fair Value, Liabilities	1,380,824,000	1,413,643,000
Fair Value, Inputs, Level 2 [Member] | Borrowings [Member]
Fair Value, Liabilities	1,178,260,000	1,250,928,000
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member]
Fair Value, Liabilities	11,466,000	4,314,000
Fair Value, Inputs, Level 2 [Member] | Total Liabilities, Financial Instruments [Member]
Fair Value, Liabilities	$ 2,570,550,000	$ 2,668,885,000
Fair Value, Inputs, Level 3 [Member] | Deposits [Member]
Fair Value, Liabilities
Fair Value, Inputs, Level 3 [Member] | Borrowings [Member]
Fair Value, Liabilities	$ 27,977,000	$ 29,018,000
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swaps [Member]
Fair Value, Liabilities
Fair Value, Inputs, Level 3 [Member] | Total Liabilities, Financial Instruments [Member]
Fair Value, Liabilities	$ 27,977,000	$ 29,018,000
Deposits [Member]
Carrying Amount, Liabilities	4,063,887,000	3,892,547,000
Fair Value, Liabilities	4,082,649,000	3,902,888,000
Borrowings [Member]
Carrying Amount, Liabilities	1,190,789,000	1,271,676,000
Fair Value, Liabilities	1,206,237,000	1,279,946,000
Interest Rate Swaps [Member]
Carrying Amount, Liabilities	11,466,000	4,314,000
Fair Value, Liabilities	11,466,000	4,314,000
Total Liabilities, Financial Instruments [Member]
Carrying Amount, Liabilities	5,266,142,000	5,168,537,000
Fair Value, Liabilities	5,300,352,000	5,187,148,000
Carrying Amount, Assets	5,813,067,000	5,704,634,000
Carrying Amount, Liabilities	$ 5,325,288,000	$ 5,231,567,000

Note 12 - Derivative Financia78

Note 12 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Floating Rate Junior Subordinated Debentures [Member]
Derivative, Amount of Hedged Item	$ 18,000	$ 18,000
Junior Subordinated Notes	61,900	61,900
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative Asset, Notional Amount	36,321	36,321
Not Designated as Hedging Instrument [Member]
Derivative Asset, Notional Amount	36,300	36,300
Designated as Hedging Instrument [Member]
Derivative Asset, Notional Amount	137,600	128,500
Interest Rate Swap [Member]
Derivative Asset, Notional Amount	155,900	146,900
Derivative Asset, Notional Amount	$ 173,928	$ 164,864

Note 12 - Derivative Financia79

Note 12 - Derivative Financial Instruments (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Not Designated as Hedging Instrument [Member] | Interest Rate Swaps1 [Member]
Derivative Asset, Notional Amount			$ 28,588
Interest rate swaps (hedge)	[1]		48
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative Asset, Notional Amount		$ 36,321	36,321
Interest rate swaps (hedge)	[1]	(4,901)	(2,799)
Not Designated as Hedging Instrument [Member]
Derivative Asset, Notional Amount		36,300	36,300
Designated as Hedging Instrument [Member] | Interest Rate Swaps2 [Member]
Derivative Asset, Notional Amount		137,607	99,955
Interest rate swaps (hedge)	[1]	(6,565)	(1,515)
Designated as Hedging Instrument [Member]
Derivative Asset, Notional Amount		137,600	128,500
Interest Rate Swap [Member]
Derivative Asset, Notional Amount		155,900	146,900
Derivative Asset, Notional Amount		173,928	164,864
Interest rate swaps (hedge)	[1]	$ (11,466)	$ (4,266)
[1]	Derivatives in a net positive position are recorded as “Other assets” and derivatives in a net negative position are recorded as “Other liabilities” in the Consolidated Statements of Financial Condition. There were no unrealized losses at March 31, 2016 and December 31, 2015.

Note 12 - Effect of Derivative

Note 12 - Effect of Derivative Instruments on Consolidated Statements of Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Net gain (loss)		$ (2,102)	$ (1,254)
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Net gain (loss)		(40)	(54)
Net gain (loss)	[1]	$ (2,142)	$ (1,308)
[1]	Net gains and losses are recorded as part of “Net gain/loss from fair value adjustments” in the Consolidated Statements of Income.

Note 12 - Effect of Master Nett

Note 12 - Effect of Master Netting Arrangements on Derivative Assets and Liabilities in the Consolidated Statements of Condition (Details) - Interest Rate Swap [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Interest Rate Swaps, Gross Amount of Recognized Assets		$ 48,000
Interest Rate Swaps, Gross Amount Offset in the Statement of Condition		0
Interest Rate Swaps, Net Amount of Assets Presented in the Statement of Condition		48,000
Interest Rate Swaps, Financial Instruments		48,000
Interest Rate Swaps, Cash Collateral Received		0
Interest Rate Swaps, Net Amount		0
Interest Rate Swaps, Gross Amount of Recognized Liabilities	$ 11,466,000	$ 4,314,000
Interest Rate Swaps, Gross Amount Offset in the Statement of Condition
Interest Rate Swaps, Net Amount of Liabilities Presented in the Statement of Condition	$ 11,466,000	$ 4,314,000
Interest Rate Swaps, Financial Instruments		48,000
Interest Rate Swaps, Cash Collateral Pledged	$ 11,466,000	$ 4,266,000
Interest Rate Swaps, Net Amount

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Deferred Tax Assets, Valuation Allowance	$ 0
Effective Income Tax Rate Reconciliation, Percent	37.00%	38.80%
Deferred Tax Assets, Net of Valuation Allowance	$ 31,300,000
Deferred Tax Liabilities, Gross	$ 23,500,000

Note 13 - Income Tax Provisions

Note 13 - Income Tax Provisions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Provision for income taxes
Current	$ 3,660	$ 2,914
Deferred	1,087	1,338
Total federal tax provision	4,747	4,252
Current	385	707
Deferred	483	587
Total state and local tax provision	868	1,294
Total income tax provision	$ 5,615	$ 5,546

Note 13 - Effective Income Tax

Note 13 - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Taxes at federal statutory rate	$ 5,312	$ 4,998
Taxes at federal statutory rate	35.00%	35.00%
Increase (reduction) in taxes resulting from:
State and local income tax, net of Federal income tax benefit	$ 564	$ 841
State and local income tax, net of Federal income tax benefit	3.70%	5.90%
Other	$ (261)	$ (293)
Other	(1.70%)	(2.10%)
Total income tax provision	$ 5,615	$ 5,546
Taxes at effective rate	37.00%	38.80%

Note 14 - Changes in Accumulate

Note 14 - Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Beginning balance, net of tax	$ (521,000)	$ 3,392,000
Other comprehensive income before reclassifications, net of tax	$ 6,770,000	$ 4,332,000
Amounts reclassified from accumulated other comprehensive income, net of tax
Total other comprehensive income, net of tax	$ 6,770,000	$ 4,332,000
Ending balance, net of tax	6,249,000	7,724,000
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Beginning balance, net of tax	$ (5,041,000)	$ (6,299,000)
Other comprehensive income before reclassifications, net of tax
Amounts reclassified from accumulated other comprehensive income, net of tax	$ 103,000	$ 168,000
Total other comprehensive income, net of tax	103,000	168,000
Ending balance, net of tax	(4,938,000)	(6,131,000)
Beginning balance, net of tax	(5,562,000)	(2,907,000)
Other comprehensive income before reclassifications, net of tax	6,770,000	4,332,000
Amounts reclassified from accumulated other comprehensive income, net of tax	103,000	168,000
Total other comprehensive income, net of tax	6,873,000	4,500,000
Ending balance, net of tax	$ 1,311,000	$ 1,593,000

Note 14 - Amounts Reclassified

Note 14 - Amounts Reclassified Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Actuarial Losses [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Other expense	[1]	$ (192)	$ (307)
Prior Service Credits [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Other expense	[1]	11	11
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Total before tax		(181)	(296)
Tax benefit		78	128
Net income		(103)	(168)
Total before tax		15,176	14,279
Tax benefit		5,615	5,546
Net income		$ 9,561	$ 8,733
[1]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 10 of the Notes to Consolidated Financial Statements “Pension and Other Postretirement Benefit Plans”.)

Note 15 - Regulatory Capital (D

Note 15 - Regulatory Capital (Details Textual)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2019
Scenario, Forecast [Member]
Capital Conservation Buffer Required for Capital Adequacy		2.50%
Capital Conservation Buffer Required for Capital Adequacy	0.625%
Capital Conservation Buffer Required for Capital Adequacy Annual Increase	0.625%
Capital Conservation Buffer	5.10%

Note 15 - Summary of the Bank's

Note 15 - Summary of the Bank's Compliance (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Savings Bank [Member]
Tier I (leverage) capital:
Capital level	$ 498,308	$ 494,690
Capital level	8.65%	8.89%
Requirement to be well capitalized	$ 288,017	$ 278,175
Requirement to be well capitalized	5.00%	5.00%
Excess	$ 210,291	$ 216,515
Excess	3.65%	3.89%
Common Equity Tier I risk-based capital:
Capital level	$ 498,308	$ 494,690
Capital level	12.51%	12.62%
Requirement to be well capitalized	$ 258,947	$ 254,768
Requirement to be well capitalized	6.50%	6.50%
Excess	$ 239,361	$ 239,922
Excess	6.01%	6.12%
Tier 1 risk-based capital:
Capital level	$ 498,308	$ 494,690
Capital level	12.51%	12.62%
Requirement to be well capitalized	$ 318,703	$ 313,560
Requirement to be well capitalized	8.00%	8.00%
Excess	$ 179,605	$ 181,130
Excess	4.51%	4.62%
Total risk-based capital:
Capital level	$ 520,300	$ 516,226
Capital level	13.06%	13.17%
Requirement to be well capitalized	$ 398,379	$ 391,950
Requirement to be well capitalized	10.00%	10.00%
Excess	$ 121,921	$ 124,276
Excess	3.06%	3.17%
Holding Company [Member]
Tier I (leverage) capital:
Capital level	$ 497,698	$ 490,919
Capital level	8.65%	8.84%
Requirement to be well capitalized	$ 287,543	$ 277,611
Requirement to be well capitalized	5.00%	5.00%
Excess	$ 210,155	$ 213,308
Excess	3.65%	3.84%
Common Equity Tier I risk-based capital:
Capital level	$ 470,685	$ 462,883
Capital level	11.84%	11.83%
Requirement to be well capitalized	$ 258,443	$ 254,335
Requirement to be well capitalized	6.50%	6.50%
Excess	$ 212,242	$ 208,548
Excess	5.34%	5.33%
Tier 1 risk-based capital:
Capital level	$ 497,698	$ 490,919
Capital level	12.52%	12.55%
Requirement to be well capitalized	$ 318,084	$ 313,028
Requirement to be well capitalized	8.00%	8.00%
Excess	$ 179,614	$ 177,891
Excess	4.52%	4.55%
Total risk-based capital:
Capital level	$ 519,691	$ 512,454
Capital level	13.07%	13.10%
Requirement to be well capitalized	$ 397,605	$ 391,285
Requirement to be well capitalized	10.00%	10.00%
Excess	$ 122,086	$ 121,169
Excess	3.07%	3.10%