10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2019

Or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 0-50275

BCB Bancorp, Inc.

(Exact name of registrant as specified in its charter)

New Jersey	26-0065262
(State or other jurisdiction of incorporation or organization)	(IRS Employer I.D. No.)
104-110 Avenue C Bayonne, New Jersey	07002
(Address of principal executive offices)	(Zip Code)

(201) 823-0700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   ☒  Yes    ☐  No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    ☒  Yes    ☐  No

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “accelerated filer, larger accelerated filer, non-accelerated filer, smaller reporting company, or emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer	☐	Accelerated Filer	☒
Non-Accelerated Filer	☐	Smaller Reporting Company	☒
		Emerging Growth Company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the Exchange Act).    ☐ Yes    ☒ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of May 1, 2019, BCB Bancorp, Inc., had 16,398,459 shares of common stock, no par value, outstanding.

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	BCBP	The Nasdaq Stock Market, LLC

1

EXPLANATORY NOTE

This Amendment No. 1 to Quarterly Report on Form 10-Q/A (this “Amended Report”) is filed with the Securities and Exchange Commission to amend the Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2019 (the “Original 10-Q”) of BCB Bancorp, Inc. solely to furnish XBRL (eXtensible Business Reporting Language) documents under Exhibit 101. As permitted by Rule 405(f)(2)(ii) of Regulation S-T, Exhibit 101 was required to be filed by amendment within 30 days of the original filing date of the Original 10-Q.

Except for the foregoing, this Amended Report speaks as of the filing date of the Original 10-Q and does not update or discuss any other developments after the date of the Original 10-Q. This Amended Report restates only those portions of the Original 10-Q affected by the above changes.

Item 6. Exhibits

Exhibit 31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit 31.2	Certification of Principal Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit 32	Officers’ Certification filed pursuant to section 906 of the Sarbanes-Oxley Act of 2002
Exhibit 101.INS	XBRL Instance Document*
Exhibit 101.SCH	XBRL Taxonomy Extension Schema*
Exhibit 101.CAL	XBRL Taxonomy Extension Calculation LinkBase*
Exhibit 101.DEF	XBRL Taxonomy Extension Definition LinkBase*
Exhibit 101.LAB	XBRL Taxonomy Extension Label LinkBase*
Exhibit 101.PRE	XBRL Taxonomy Extension Presentation LinkBase*

* Filed herewith in accordance with the 30-day grace period provided by Rule 405(f)(2)(ii) of Regulation S-T.

2

Signatures

Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

	BCB BANCORP, INC.
Date: May 9, 2019	By:	/s/ Thomas Coughlin
		Thomas Coughlin
		President and Chief Executive Officer (Principal Executive Officer)
Date: May 9, 2019	By:	/s/ Thomas P. Keating
		Thomas P. Keating Senior Vice President and Chief Financial Officer
		(Principal Accounting and Financial Officer)

3

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Thomas Coughlin, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q/A of BCB Bancorp, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and;

d) disclosed in this quarterly report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 9, 2019	/s/ Thomas Coughlin
	Thomas Coughlin
	President and Chief Executive Officer (Principal Executive Officer)

EX-31.2

Exhibit 31.2

Certification of Principal Accounting Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Thomas P. Keating, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q/A of BCB Bancorp, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and;

d) disclosed in this quarterly report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 9, 2019	/s/ Thomas P. Keating
	Thomas P. Keating Senior Vice President and Chief Financial Officer
	(Principal Accounting and Financial Officer)

EX-32

Exhibit 32

Certification pursuant to

18 U.S.C. Section 1350,

as adopted pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

Thomas Coughlin, President and Chief Executive Officer and Thomas P. Keating, Senior Vice President and Chief Financial Officer of BCB Bancorp, Inc. (the “Company”) each certify in his capacity as an officer of the Company that he has reviewed the quarterly report of the Company on Form 10-Q/A for the quarter ended March 31, 2019and that to the best of his knowledge:

(1) the report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

(2) the information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the Company.

The purpose of this statement is solely to comply with Title 18, Chapter 63, Section 1350 of the United States Code, as amended by Section 906 of the Sarbanes-Oxley Act of 2002.

Date: May 9, 2019	/s/ Thomas Coughlin
	President and Chief Executive Officer (Principal Executive Officer)
Date: May 9, 2019	/s/ Thomas P. Keating
	Senior Vice President and Chief Financial Officer (Principal Accounting and Financial Officer)

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 01, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Entity Registrant Name	BCB BANCORP INC
Entity Central Index Key	0001228454
Trading Symbol	bcbp
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		16,398,459
Entity Emerging Growth Company	false
Entity Small Business	true
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

XML

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and amounts due from depository institutions	$ 18,610	$ 18,970
Interest-earning deposits	174,938	176,294
Total cash and cash equivalents	193,548	195,264
Interest-earning time deposits	735	735
Debt securities available for sale	117,942	119,335
Equity investments	7,963	7,672
Loans held for sale	1,347	1,153
Loans receivable, net of allowance for loan losses of $23,004 and $22,359, respectively	2,307,140	2,278,492
Federal Home Loan Bank of New York stock, at cost	13,405	13,405
Premises and equipment, net	35,703	20,293
Accrued interest receivable	9,750	8,378
Other real estate owned	1,746	1,333
Deferred income taxes	13,302	13,601
Goodwill and other intangibles	5,584	5,604
Other assets	10,235	9,466
Total Assets	2,718,400	2,674,731
LIABILITIES
Non-interest bearing deposits	273,370	263,960
Interest bearing deposits	1,915,263	1,916,764
Total deposits	2,188,633	2,180,724
FHLB advances	245,800	245,800
Subordinated debt	36,635	36,577
Other liabilities and accrued interest payable	30,614	11,415
Total Liabilities	2,501,682	2,474,516
STOCKHOLDERS' EQUITY
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 8,340 shares of series C 6%, series D 4.5%, series G 6%, (liquidation value $10,000 per share) and series F 6% (liquidation value $1,000 per share) noncumulative perpetual preferred stock at March 31, 2019 and 7,807 shares of series C 6%, series D 4.5% (liquidation value $10,000 per share) and series F 6% (liquidation value $1,000 per share) noncumulative perpetual preferred stock at December 31, 2018
Additional paid-in capital preferred stock	25,016	19,706
Common stock: no par value; 20,000,000 shares authorized; issued 18,365,677 and 18,352,748 at March 31, 2019 and December 31, 2018, respectively, outstanding 16,393,459 shares and 15,889,306 shares, at March 31, 2019 and December 31, 2018, respectively
Additional paid-in capital common stock	176,379	175,500
Retained earnings	40,750	38,405
Accumulated other comprehensive (loss)	(3,379)	(5,076)
Treasury stock, at cost, 1,967,218 and 2,463,442 shares at March 31, 2019 and December 31, 2018, respectively	(22,048)	(28,320)
Total Stockholders' Equity	216,718	200,215
Total Liabilities and Stockholders' Equity	$ 2,718,400	$ 2,674,731

XML

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Loans receivable, allowance for loan losses	$ 23,004	$ 22,359
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	8,340	7,807
Preferred stock, shares outstanding	8,340	7,807
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	18,365,677	18,352,748
Common stock, shares outstanding	16,398,459	15,889,306
Treasury stock, shares	1,967,218	2,463,442
Series C Preferred Stock [Member]
Preferred stock, dividend rate	6.00%	6.00%
Series D Preferred Stock [Member]
Preferred stock, dividend rate	4.50%	4.50%
Preferred stock, liquidation preference per share		$ 10,000
Series G Preferred Stock [Member]
Preferred stock, dividend rate	6.00%
Preferred stock, liquidation preference per share	$ 10,000
Series F Preferred Stock [Member]
Preferred stock, shares outstanding	6,465
Preferred stock, dividend rate	6.00%	6.00%
Preferred stock, liquidation preference per share	$ 1,000	$ 1,000

XML

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Loans, including fees	$ 28,233	$ 19,521
Mortgage-backed securities	770	699
Municipal bonds and other debt	128	104
FHLB stock and other interest earning assets	1,347	618
Total interest income	30,478	20,942
Deposits:
Demand	1,576	797
Savings and club	113	97
Certificates of deposit	5,990	2,730
Total deposits	7,679	3,624
Borrowings	1,897	878
Total interest expense	9,576	4,502
Net interest income	20,902	16,440
Provision for loan losses	889	1,342
Net interest income after provision for loan losses	20,013	15,098
Non-interest income:
Fees and service charges	883	710
Gain on sales of loans	318	583
Gain (loss) on bulk sale of impaired loans held in portfolio	107	(24)
Gain on sales of other real estate owned	8
Unrealized (gain) loss on equity investments	291	(127)
Other	53	2,244
Total non-interest income	1,660	3,386
Non-interest expense:
Salaries and employee benefits	6,915	6,267
Occupancy and equipment	2,630	2,062
Data processing and service fees	721	729
Professional fees	533	505
Director fees	318	201
Regulatory assessments	457	239
Advertising and promotional	73	85
Other real estate owned, net	(16)	31
Merger related costs		145
Other	2,146	1,747
Total non-interest expense	13,777	12,011
Income before income tax provision	7,896	6,473
Income tax provision	2,445	1,841
Net Income	5,451	4,632
Preferred stock dividends	317	166
Net Income available to common stockholders	$ 5,134	$ 4,466
Net Income per common share-basic and diluted
Basic	$ 0.32	$ 0.30
Diluted	$ 0.32	$ 0.29
Weighted average number of common shares outstanding
Basic	16,078	15,048
Diluted	16,111	15,181

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements of Comprehensive Income [Abstract]
Net Income	$ 5,451	$ 4,632
Unrealized (losses) gains on available-for-sale debt securities:
Unrealized holding (losses) gains arising during the period	2,266	(2,380)
Tax Effect	(569)	669
Net of Tax Effect	1,697	(1,711)
Other comprehensive (loss) income	1,697	(1,711)
Comprehensive income	$ 7,148	$ 2,921

XML

Consolidated Statement of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Additional Paid-In Capital [Member] Common Stock [Member]	Additional Paid-In Capital [Member] Series G Preferred Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Common Stock [Member]	Series G Preferred Stock [Member]	Total
Beginning Balance at Dec. 31, 2017			$ 177,471	$ 31,241	$ (29,116)	$ (3,142)			$ 176,454
Exercise of Stock Options (200 shares)			2						2
Stock-based compensation expense			85						85
Dividends payable on Series C 6%, Series D 4.5%, Series F 6%, and Series G 6% noncumulative perpetual preferred stock				(166)					(166)
Cash dividends on common stock ($0.14 per share declared)				(2,025)					(2,025)
Dividend Reinvestment Plan			80	(80)
Stock Purchase Plan			115						115
Net income				4,632					4,632
Reclassification of unrealized gains on AFS equity securities				126		(126)
Other comprehensive income (loss)						(1,711)			(1,711)
Ending Balance at Mar. 31, 2018			177,753	33,728	(29,116)	(4,979)			177,386
Beginning Balance at Dec. 31, 2018			195,206	38,405	$ (28,320)	(5,076)			200,215
Issuance of stock	$ 6,239	$ 5,310					$ 6,239	$ 5,310
Stock-based compensation expense			190						190
Treasury Stock allocated to Common Stock			(5,707)	(565)
Treasury Stock allocated to Common Stock					6,272
Dividends payable on Series C 6%, Series D 4.5%, Series F 6%, and Series G 6% noncumulative perpetual preferred stock				(317)					(317)
Cash dividends on common stock ($0.14 per share declared)				(2,136)					(2,136)
Dividend Reinvestment Plan			88	(88)
Stock Purchase Plan			69						69
Net income				5,451					5,451
Other comprehensive income (loss)						1,697			1,697
Ending Balance at Mar. 31, 2019			$ 201,395	$ 40,750	$ (22,048)	$ (3,379)			$ 216,718

XML

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Options exercised (shares)		200
Cash dividends declared (per share)	$ 0.14	$ 0.14
Series C Preferred Stock [Member]
Preferred stock, dividend rate	6.00%	6.00%	6.00%
Series D Preferred Stock [Member]
Preferred stock, dividend rate	4.50%	4.50%	4.50%
Series F Preferred Stock [Member]
Preferred stock, dividend rate	6.00%		6.00%
Series G Preferred Stock [Member]
Preferred stock, dividend rate	6.00%

XML

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities:
Net Income	$ 5,451	$ 4,632
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	716	600
Amortization and accretion, net	(765)	(266)
Provision for loan losses	889	1,342
Deferred income tax (benefit)	(270)	(331)
Loans originated for sale	(4,240)	(4,747)
Proceeds from sales of loans	4,364	6,417
Gain on sales of loans originated for sale	(318)	(583)
Gains on sales of other real estate owned	(8)
Fair value adjustment of OREO		1
Unrealized (gain) loss on equity investments	(291)	127
(Gain) loss on bulk sale of impaired loans held in portfolio	(107)	24
Stock-based compensation expense	190	85
(Increase) decrease in interest receivable	(1,372)	101
(Increase) decrease in other assets	(769)	172
(Decrease) increase in accrued interest payable	(264)	77
Increase in other liabilities	3,404	1,484
Net Cash Provided by Operating Activities	6,610	9,135
Cash flows from investing activities:
Proceeds from repayments, calls, and maturities on securities available for sale	3,614	7,330
Puchases of securities available for sale		(14,645)
Proceeds from sales of other real estate owned	142
Proceeds from bulk sale of impaired loans held	402	250
Net increase in loans receivable	(29,451)	(123,078)
Additions to premises and equipment	(107)	(127)
Purchase of Federal Home Loan Bank of New York stock		(675)
Net Cash Used In Investing Activities	(25,400)	(130,945)
Cash flows from financing activities:
Net increase in deposits	7,909	121,983
Proceeds from Federal Home Loan Bank of New York advances		60,000
Repayments of Federal Home Loan Bank of New York advances		(45,000)
Cash dividends paid on common stock	(2,136)	(2,025)
Cash dividends paid on preferred stock	(317)	(166)
Net proceeds from issuance of common stock	6,308	115
Net proceeds from issuance of preferred stock	5,310
Exercise of stock options		2
Net Cash Provided by Financing Activities	17,074	134,909
Net (Decrease) Increase In Cash and Cash Equivalents	(1,716)	13,099
Cash and Cash Equivalents-Begininng	195,264	124,235
Cash and Cash Equivalents-Ending	193,548	137,334
Supplementary Cash Flow Information:
Cash paid during the year for: Income taxes	218	143
Cash paid during the year for: Interest	9,840	4,425
Non-cash items:
Transfer of loans to other real estate owned	$ 547	$ 881

XML

Basis of Presentation

3 Months Ended

Mar. 31, 2019

Basis of Presentation [Abstract]

Basis of Presentation

Note 1 – Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of BCB Bancorp, Inc. (the “Company”) and the Company’s wholly owned subsidiaries, BCB Community Bank (the “Bank”), BCB Holding Company Investment Company, BCB New York Asset Management, Inc., Pamrapo Service Corporation, REO Special Asset I, LLC., and REO Special Asset II, LLC. The Company’s business is conducted principally through the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.

The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X and, therefore, do not necessarily include all information that would be included in audited consolidated financial statements. The information furnished reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of consolidated financial condition and results of operations. All such adjustments are of a normal recurring nature. These results are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2019 or any other future period. The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statement of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates.

These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the year ended December 31, 2018, which are included in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred between March 31, 2019, and the date these consolidated financial statements were issued.

Recent Accounting Pronouncements

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which will supersede the current lease requirements in Topic 840. The ASU requires lessees to recognize a right of use asset and related lease liability for all leases, with a limited exception for short-term leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of income. Currently, leases are classified as either capital or operating, with only capital leases recognized on the balance sheet. The reporting of lease related expenses in the statements of operations and cash flows will be generally consistent with the current guidance. The new guidance became effective for the Company in 2019. The standard has been applied using a modified retrospective transition method. The right-of-use asset and lease liability are reported on the Company’s consolidated statement of financial condition. The adoption of the provisions of this update did not have a significant impact to our consolidated statements of income.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses. ASU 2016-13 requires entities to report “expected” credit losses on financial instruments and other commitments to extend credit rather than the current “incurred loss” model. These expected credit losses for financial assets held at the reporting date are to be based on historical experience, current conditions, and reasonable and supportable forecasts. This ASU will also require enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the consolidated financial statements. The amendments are effective for the Company in 2020. The Company is evaluating the impact the adoption of ASU 2016-13 will have on its consolidated financial statements and results of operations. The effect of this change cannot be ascertained at this point, and will depend upon factors including asset components, asset quality and market conditions at the adoption date.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments- Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This guidance amends existing guidance to improve accounting standards for financial instruments including clarification and simplification of accounting and disclosure requirements and the requirement for public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2017. The Company recorded a cumulative effect adjustment to the balance sheet as of January 1, 2018 in the amount of $126,000, representing the unrealized gain of $175,000 at December 31, 2017 net of taxes of $49,000. The Company recorded a gain to the income statement in the amount of $291,000for the three months ended March 31, 2019 and a loss of $127,000 for the three months ended March 31, 2018.

In January 2017, FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment (Topic 350). The main objective of this ASU is to simplify the accounting for goodwill impairment by requiring impairment charges be based upon the first step in the current two-step impairment test under Accounting Standards Codification (ASC) 350. Currently, if the fair value of a reporting unit is lower than its carrying amount (Step 1), an entity calculates any impairment charge by comparing the implied fair value of goodwill with its carrying amount (Step 2). This ASU’s objective is to simplify how all entities assess goodwill for impairment by eliminating Step 2 from the goodwill impairment test. As amended, the goodwill impairment test will consist of one step comparing the fair value of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The standard will be applied prospectively and is effective for annual and interim impairment tests performed in periods beginning after December 15, 2019. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is currently evaluating the impact of the pending adoption on its consolidated financial statements.

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820) Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement as a result of a broader disclosure project. The Update amends the disclosure requirements for fair value measurements to improve the effectiveness of the disclosure. The Update removes and modifies certain disclosure requirements, as well as adds requirements for public business entities. The ASU is effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the Update and delay adoption of the additional disclosures until their effective date. This ASU will affect the Company’s disclosures only and will not have a financial statement impact.

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Acquisition of IA Bancorp, Inc.

3 Months Ended

Mar. 31, 2019

Acquisition of IA Bancorp, Inc. [Abstract]

Acquisition of IA Bancorp, Inc.

Note 2 – Acquisition of IA Bancorp, Inc.

On April 17, 2018, the Company completed its acquisition of IA Bancorp, Inc. (“IAB”) and its wholly-owned subsidiary, Indus-American Bank, of Edison, New Jersey. IAB shareholders received 0.189 shares of the Company’s common stock for each share of IAB common stock they owned as of the effective date of the acquisition. In addition, the Company issued two series of preferred stock, Series E and F, in exchange for two outstanding series, Series C and D, respectively, of IAB preferred stock. The two series of Company preferred shares have terms substantially similar to the terms of the two series of IAB preferred stock. The aggregate consideration paid to IAB shareholders was $20.0 million. The results of IAB’s operations are included in the Company’s unaudited consolidated statements of income beginning April 17, 2018, the date of the acquisition.

Indus-American Bank was founded primarily to meet the banking needs of the South Asian-American community. The Company plans to operate BCB-Indus-American Bank, a division of BCB Community Bank, and it will continue to specialize in core business banking products for small- to medium-sized companies, with an emphasis on real estate-based lending. This transaction will allow the combined entities to further develop our existing markets in Jersey City and Edison, and will provide further opportunities in Parsippany, Plainsboro and Hicksville, New York, three new, attractive markets for the Company.

The acquisition of IAB was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed and consideration paid were recorded at their estimated fair values as of the acquisition date. The $5.2 million excess consideration paid over the fair value of net assets acquired has been reported as goodwill in the Company’s consolidated statements of financial condition as of March 31, 2019. 

The assets acquired and liabilities assumed and consideration paid in the acquisition of IAB were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition and are subject to adjustment for up to one year after the closing date of the acquisition. While the fair values are not expected to be materially different from the estimates, any material adjustments to the estimates will be reflected, retroactively, as of the date of the acquisition. The items most susceptible to adjustment are the credit fair value adjustments on loans, core deposit intangible and the deferred income tax assets resulting from the acquisition. 

In connection with the acquisition, the consideration paid and the fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition are summarized in the following table:

	Estimated Fair Value
	At April 17, 2018
	(in thousands)
Consideration paid:
Common stock issued in acquisition	$	9,952
Cash paid for exchange of IAB shares		2,550
Preferred stock		7,453
Total consideration paid		19,955
Assets acquired:
Cash and cash equivalents		7,597
Investment securities available for sale		13,811
Restricted investment in bank stocks		1,163
Loans		182,578
Premises and equipment, net		2,834
Other real estate owned, net		328
Accrued interest receivable		612
Core deposit intangible		430
Deferred tax asset		5,843
Other assets		1,122
Total assets acquired		216,318
Liabilities assumed:
Deposits		178,436
Borrowings		20,015
Accrued interest payable		120
Other liabilities		3,024
Total liabilities assumed		201,595
Net assets acquired		14,723
Goodwill recorded in acquisition	$	5,232

Note 2 – Acquisition of IA Bancorp, Inc. (continued)

Acquired loans (impaired and non-impaired) are initially recorded at their acquisition-date fair values using Level 3 inputs. Fair values are based on a discounted cash flow methodology that involves assumptions and judgments as to credit risk, expected lifetime losses, environmental factors, collateral values, discount rates, expected payments and expected prepayments. Specifically, the Company has prepared three separate loan fair value adjustments that it believes a market participant might employ in estimating the entire fair value adjustment necessary under ASC 820-10 for the acquired loan portfolio. The three separate valuation methodologies employed are: (i) an interest rate loan fair value adjustment, (ii) a general credit fair value adjustment, and (iii) a specific credit fair value adjustment for purchased credit impaired loans subject to ASC 310-30 provisions. The acquired loans were recorded at fair value at the acquisition date without carryover of IAB’s previously established allowance for loan losses.

The table below illustrates the fair value adjustments made to the amortized cost basis to present a fair value of the loans acquired.

	At April 17, 2018
	(in thousands)
Gross principal balance	$	192,437
Fair value adjustment on pools of homogeneous loans		(5,895)
Fair value adjustment on acquired impaired loans		(3,964)
Fair value of acquired loans	$	182,578

The credit adjustment on acquired impaired loans is derived in accordance with ASC 310-30 and represents the portion of the loan balances that have been deemed uncollectible based on the Company’s expectations of future cash flows for each respective loan.

	At April 17, 2018
	(in thousands)
Contractually required principal and interest at acquisition	$	18,732
Contractual cash flows not expected to be collected (non-accretable
discount, includes principal and interest)		(4,750)
Expected cash flows at acquisition		13,982
Interest component of expected cash flows (accretable discount)		(1,338)
Fair value of loans acquired accounted for under ASC 310-30		12,644

For loans acquired without evidence of credit quality deterioration, the Company prepared interest rate loan fair value and credit fair value adjustments. Loans were grouped into homogeneous pools by characteristics such as loan type, term, collateral and rate. Market rates for similar loans were obtained from various internal and external data sources and reviewed for reasonableness. A present value approach was utilized to calculate the interest rate fair value discount of $1.9 million. Additionally, for loans acquired without credit deterioration, a credit fair value adjustment was calculated using a two-part credit fair value analysis: (i) expected lifetime credit migration losses, and (ii) estimated fair value adjustment for certain qualitative credit factors. The expected lifetime losses were calculated using historical losses observed at IAB. The environmental factor represents potential discount which may arise due to general credit and economic factors. A credit fair value discount of $3.9 million was determined. The fair value adjustment related to loans acquired without evidence of credit quality deterioration will be substantially recognized as interest income over the expected life of the loans. 

In connection with the acquisition of IAB, the Company recorded a net deferred income tax asset of $5.8 million related to IAB’s net operating loss carryforward, as well as other tax attributes of the acquired company, along with the effects of fair value adjustments resulting from applying the acquisition method of accounting.

The fair value of savings and transaction deposit accounts acquired from IAB provide value to the Company as a source of below market rate funds. The fair value of the core deposit intangible was determined based on a discounted cash flow analysis using a discount rate based on the estimated cost of capital for a market participant. To calculate cash flows, the sum of deposit account servicing costs (net of deposit fee income) and interest expense on deposits were compared to the cost of alternative funding sources available to the Company. The expected cash-flows of the deposit base included estimated attrition rates. The core deposit intangible was valued at $430,000. The core deposit intangible asset is being amortized on an accelerated basis over ten years. Amortization from the April 17, 2018 acquisition date through March 31, 2019 was $78,000.  

The fair value of certificate of deposit accounts was determined by compiling individual account data into groups of equal remaining maturities with corresponding calculated weighted average rates. Each maturity group’s weighted average rate was compared to market rates for similar maturities and then priced to yield market rates. This valuation adjustment was determined to be a $751,000 premium and is being amortized in line with the expected cash flows driven by the maturities of these deposits, primarily over five years.

Fair Value Measurement of Assets Acquired and Liabilities Assumed

The methods used to determine the fair value of the assets acquired and the liabilities assumed in the IAB acquisition were as follows. Refer to Note 10, Fair Value Measurements, for a discussion of the fair value hierarchy.

Investment Securities

The estimated fair values of investment securities were calculated utilizing Level 2 inputs. The securities acquired are bought and sold in active markets. Prices for these instruments were determined using matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices.

Direct costs related to the merger were accrued and expensed as incurred. During the three months ended March 31, 2018, the Company incurred $145,000 in merger-related expenses, and there were no such expenses incurred for the three months ended March 31, 2019.

Note 2 – Acquisition of IA Bancorp, Inc. (continued)

Supplemental Pro Forma Financial Information

The following table presents unaudited condensed pro forma financial information assuming the IAB acquisition had been completed as of January 1, 2018 and for the three months ended March 31, 2018. The table has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the acquisition occurred at the beginning of the periods presented, nor is it indicative of future results.

Furthermore, the unaudited pro forma financial information includes merger-related expenses but does not reflect management’sestimate of any revenue-enhancing opportunities, cost savings or the impact of conforming certain accounting policies of IAB to the Company’s policies that may have occurred as a result of the integration and consolidation of IAB’s operations. The combined pro forma information reflects adjustments related to certain purchase accounting fair value adjustments and amortization of the core deposit intangibles.

		Actual Combined		Pro forma Combined
		Three Months Ended		Three Months Ended
		March 31, 2019		March 31, 2018
Interest income	$	30,478	$	23,534
Interest expense		9,576		5,236
Provision for loan losses		889		1,342
Non-interest income		1,660		3,433
Non-interest expense		13,777		13,395
Income Taxes		2,445		1,997
Net Income		5,451		4,997
Earnings per diluted share	$	0.32	$	0.32

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Reclassification

3 Months Ended

Mar. 31, 2019

Reclassification [Abstract]

Reclassification

Note 3 – Reclassification

Certain amounts as of December 31, 2018 and for the three month period ended March 31, 2018 have been reclassified to conform to the current period’s presentation. These changes had no effect on the Company’s results of operations or financial position.

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Pension and Other Postretirement Plans

3 Months Ended

Mar. 31, 2019

Pension and Other Postretirement Plans [Abstract]

Pension and Other Postretirement Plans

Note 4 – Pension and Equity Incentive Plans

Pension Plan

The Company assumed, through the merger with Pamrapo Bancorp, Inc., a non-contributory defined benefit pension plan covering all eligible employees of Pamrapo Savings Bank. Effective January 1, 2010, the defined benefit pension plan (“Pension Plan”), was frozen by Pamrapo Savings Bank. All benefits for eligible participants accrued in the Pension Plan to the freeze date have been retained. Accordingly, no employees are permitted to commence participation in the Pension Plan and future salary increases and future years of service are not considered when computing an employee’s benefits under the Pension Plan. The Pension Plan is funded in conformity with the funding requirements of applicable government regulations. The Company also acquired through the merger with Pamrapo Bancorp, Inc. a supplemental executive retirement plan (“SERP”) in which certain former employees of Pamrapo Savings Bank are covered. A SERP is an unfunded non-qualified deferred retirement plan. Participants who retire at the age of 65 (the “Normal Retirement Age”), are entitled to an annual retirement benefit equal to 75% of compensation reduced by their retirement plan annual benefits. Participants retiring before the Normal Retirement Age receive the same benefits reduced by a percentage based on years of service to the Company and the number of years prior to the Normal Retirement Age that participants retire.

Net periodic pension cost (benefit) for the three months ended March 31, 2019 and March 31, 2018 was $40,000 and ($10,000), respectively. Net periodic postretirement cost for the SERP plan for each of the three months ended March 31, 2019 and March 31, 2018 was $3,000.

Equity Incentive Plans

The Company, under the plan approved by its shareholders on April 26, 2018 (“2018 Equity Incentive Plan”), authorized the issuance of up to 1,000,000 shares of common stock of the Company pursuant to grants of stock options and restricted stock units. Employees and directors of the Company and the Bank are eligible to participate in the 2018 Stock Plan. All stock options will be granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. On December 14, 2018, a grant of 300,000 options was declared for members of the Board of Directors of the Bank and the Company which vest at a rate of 50% per year, over two years, commencing on the first anniversary of the grant date. The exercise price was recorded as of close of business on December 14, 2018 and a Form 4 was filed for each Director who received a grant with the Securities and Exchange Commission consistent with their filing requirements. On December 14, 2018, an award of 54,000 shares of restricted stock was declared for members of the Board of Directors of the Bank and the Company, which vest over a 2-year period, commencing on the anniversary of the award date. On December 14, 2018, an award of 13,321 shares of restricted stock was declared for certain executive officers of the Bank and the Company, which vest over a 2-year period, commencing on the anniversary of the award date.

The Company, under the plan approved by its shareholders on April 28, 2011 (“2011 Stock Plan”), authorized the issuance of up to 900,000 shares of common stock of the Company pursuant to grants of stock options. Employees and directors of the Company and the Bank are eligible to participate in the 2011 Stock Plan. All stock options will be granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. On September 13, 2017, a grant of 275,000 options was declared for certain members of the Board of Directors of the Bank and the Company which vest at a rate of 10% per year, over ten years commencing on the first anniversary of the grant date. The exercise price was recorded as of the close of business on September 13, 2017 and a Form 4 was filed for each Director who received a grant with the Securities and Exchange Commission consistent with their filing requirements. There were 75,000 stock options granted to employees in the fourth quarter of 2017 which vests at a rate of 20% per year.

Note 4 – Pension and Equity Incentive Plans (continued)

The following table presents a summary of the status of the Company’s restricted shares as of March, 31, 2019.

	Number of Shares Awarded		Weighted Average Grant Date Fair Value
Non-vested at December 31, 2018	67,321	$	11.26
Granted	-
Vested	-
Forfeited	-
Non-vested at March 31, 2019	67,321	$	11.26

Expected future expenses relating to the non-vested restricted shares outstanding as of March 31, 2019 was $624,000 over a weighted average period of 1.71 years.

The following tables present a summary of the status of the Company’s outstanding stock option awards as of March 31, 2019 and March 31, 2018.

	Number of  Option Shares		Range of Exercise Prices		Weighted Average Exercise Price
Outstanding at December 31, 2018	1,104,600	$	8.93 - 13.32	$	11.36
Options granted	-
Options exercised	-
Options forfeited	-
Options expired	-
Outstanding at March 31, 2019	1,104,600	$	8.93 - 13.32	$	11.36

As of March 31, 2019, stock options which were granted and were exercisable totaled 268,633 stock options.

It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to the 835,967 shares of unvested options outstanding as of March 31, 2019 was $1.6 million over a weighted average period of 5.21years.

	Number of Option Shares		Range of Exercise Prices		Weighted Average Exercise Price
Outstanding at December 31, 2017	889,300	$	8.93-13.32	$	11.42
Options granted	-		-		-
Options exercised	(200)		10.55		10.55
Options forfeited	-		-		-
Options expired	-		-		-
Outstanding at March 31, 2018	889,100	$	8.93-13.32	$	10.91

As of March 31, 2018, stock options which were granted and were exercisable totaled 183,867 stock options.

It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to 705,233 shares of unvested options outstanding as of March 31, 2018 was $1.5 million over a weighted average period of 7.18 years.  

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Net Income per Common Share

3 Months Ended

Mar. 31, 2019

Net Income per Common Share [Abstract]

Net Income per Common Share

Note 5 – Net Income per Common Share

Basic net income per common share is computed by dividing net income less dividends on preferred stock by the weighted average number of shares of common stock outstanding. The diluted net income per common share is computed by adjusting the weighted average number of shares of common stock outstanding to include the effects of outstanding stock options, if dilutive, using the treasury stock method. Dilution is not applicable in periods of net loss. For the three months ended March 31, 2019 and 2018, the difference in the weighted average number of basic and diluted common shares was due solely to the effects of outstanding stock options. No adjustments to net income were necessary in calculating basic and diluted net income per share. For the three months ended March 31, 2019 and 2018 the weighted average number of outstanding options considered to be anti-dilutive were 21,026 and 1,388 respectively. At March 31, 2019, the Company has 6,465 shares of its Series F 6% noncumulative perpetual preferred stock (“Series F shares”) issued and outstanding, which are convertible into the Company’s common stock. The conversion of Series F shares to common shares was not included in the computation of diluted earnings per share as they would be anti-dilutive.

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations:

	For the Three Months Ended March 31,
	2019					2018
		Income	Shares		Per Share		Income	Shares		Per Share
		(Numerator)	(Denominator)		Amount		(Numerator)	(Denominator)		Amount
	(In Thousands, except per share data)
Net income available to common stockholders	$	5,134				$	4,466
Basic earnings per share-
Income available to
Common stockholders	$	5,134	16,078	$	0.32	$	4,466	15,048	$	0.30
Effect of dilutive securities:
Stock options		-	33				-	133
Diluted earnings per share-
Income available to
Common stockholders	$	5,134	16,111	$	0.32	$	4,466	15,181	$	0.29

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Debt Securities Available for Sale

3 Months Ended

Mar. 31, 2019

Debt Securities Available for Sale [Abstract]

Debt Securities Available for Sale

Note 6 –Debt Securities Available for Sale

The following tables present by maturity the amortized cost, gross unrealized gains and losses on, and fair value of, securities available for sale as of March 31, 2019 and December 31, 2018:

	March 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Mortgage-backed securities:
Due after one year through five years	$	5,553	$	25	$	96	$	5,482
Due after five years through ten years		3,049		31		-		3,080
Due after ten years		107,312		252		1,915		105,649
Municipal obligations:
Due within one year		496		-		-		496
Due after one year through five years		918		22		-		940
Due after five years through ten years		1,224		34		-		1,258
Due after ten years		1,031		6		-		1,037
	$	119,583	$	370	$	2,011	$	117,942

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Mortgage-backed securities:
Due after one year through five years	$	5,613	$	10	$	124	$	5,499
Due after five years through ten years		3,246		2		1		3,247
Due after ten years		110,710		52		3,868		106,894
Municipal obligations:
Due within one year		495		-		-		495
Due after one year through five years		917		10		-		927
Due after five years through ten years		1225		13		1		1237
Due after ten years		1,036		-		-		1,036
	$	123,242	$	87	$	3,994	$	119,335

The unrealized losses, categorized by the length of time of continuous loss position, and fair value of related securities available for sale were as follows:

	Less than 12 Months				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
March 31, 2019
Residential mortgage-backed securities	$	2,770	$	21	$	83,464	$	1,990	$	86,234	$	2,011
	$	2,770	$	21	$	83,464	$	1,990	$	86,234	$	2,011
December 31, 2018
Residential mortgage-backed securities	$	39,289	$	879	$	62,860	$	3,114	$	102,149	$	3,993
Municipal obligations		1,879		1		-		-		1,879		1
	$	41,168	$	880	$	62,860	$	3,114	$	104,028	$	3,994

Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) whether the Company intends to sell the security or more likely than not will be required to sell the security before its anticipated recovery. At March 31, 2019 and December 31, 2018, management performed an assessment for possible OTTI of the Company’s residential mortgage-backed securities on an issue-by-issue basis, relying on information obtained from various sources, including publicly available financial data, ratings by external agencies, brokers and other sources. The extent of individual analysis applied to each security depended on the size of the Company’s investment, as well as management’s perception of the credit risk associated with each security. Based on the results of the assessment, management believes impairment of these securities, at March 31, 2019 and December 31, 2018, to be temporary.

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Loans Receivable and Allowance for Loan Losses

3 Months Ended

Mar. 31, 2019

Loans Receivable and Allowance for Loan Losses [Abstract]

Loans Receivable and Allowance for Loan Losses

Note 7 - Loans Receivable and Allowance for Loan Losses

The following table presents the recorded investment in loans receivable as of March 31, 2019 and December 31, 2018 by segment and class:

	March 31, 2019		December 31, 2018
		(In Thousands)
Originated loans:
Residential one-to-four family	$	214,971	$	213,200
Commercial and multi-family		1,572,932		1,540,766
Construction		114,462		106,187
Commercial business(1)		140,103		136,966
Home equity(2)		49,102		54,271
Consumer		686		726
Sub-total		2,092,256		2,052,116
Acquired loans initially recorded at fair value:
Residential one-to-four family		41,833		43,495
Commercial and multi-family		145,722		150,239
Construction		-		1,596
Commercial business(1)		25,968		27,373
Home equity(2)		17,599		18,376
Consumer		45		83
Sub-total		231,167		241,162
Acquired loans with deteriorated credit:
Residential one-to-four family		1,380		1,390
Commercial and multi-family		5,672		6,832
Construction		-		-
Commercial business(1)		996		854
Home equity(2)		245		248
Consumer		-		-
Sub-total		8,293		9,324
Total Loans		2,331,716		2,302,602
Less:
Deferred loan fees, net		(1,572)		(1,751)
Allowance for loan losses		(23,004)		(22,359)
Sub-total		(24,576)		(24,110)
Total Loans, net	$	2,307,140	$	2,278,492
_____________________________
(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

Purchased Credit Impaired Loans

The carrying value of loans acquired in the IAB acquisition and accounted for in accordance with ASC Subtopic 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality,” was $6.2 million at March 31, 2019, which was $1.0 million less than the balance at December 31, 2018. Under ASC Subtopic 310-30, these loans, referred to as purchased credit impaired (“PCI”) loans, may be aggregated and accounted for as pools of loans if the loans being aggregated have common risk characteristics. The Company elected to account for the loans with evidence of credit deterioration individually rather than aggregate them into pools. The difference between the undiscounted cash flows expected at acquisition and the investment in the acquired loans, or the “accretable yield,” is recognized as interest income utilizing the level-yield method over the life of each loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “non- accretable difference,” are not recognized as a yield adjustment, as a loss accrual or as a valuation allowance.

Increases in expected cash flows subsequent to the acquisition are recognized prospectively through an adjustment of the yield on the loans over the remaining life, while decreases in expected cash flows are recognized as impairments through a loss provision and an increase in the allowance for loan and lease losses. Valuation allowances (recognized in the allowance for loan and lease losses) on these impaired loans reflect only losses incurred after the acquisition (representing all cash flows that were expected at acquisition but currently are not expected to be received).

The following table presents changes in the accretable discount on loans acquired with deteriorated credit quality for which the Company applies the provisions of ASC 310-30 (in Thousands):

		Three months ended March 31, 2019		Three months ended March 31, 2018
(Dollars in thousands)
Balance, beginning of Period	$	2,704	$	2,230
Accretion recorded to interest income		(253)		(84)
Balance, end of Period	$	2,451	$	2,146

The following table presents the unpaid principal balance and the related recorded investment of acquired loans included in the Company’s Consolidated Statements of Financial Condition. (In thousands):

	March 31,		December 31,
	2019		2018
Unpaid principal balance	$	292,628	$	301,357
Recorded investment		239,460		250,486

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

Allowance for Loan Losses

The allowance for loan loss is evaluated regularly by management and reflects consideration of all significant factors that affect the collectability of the loan portfolio. The Company’s methodology for assessing the adequacy of the allowance for loan losses consists of several key elements. These elements include a general allocated reserve for performing loans, a specific reserve for impaired loans and an unallocated portion.  

The Company consistently applies the following comprehensive methodology. During the quarterly review of the allowance for loan losses, the Company considers a variety of qualitative factors that include:

· Lending Policies and Procedures

· Personnel responsible for the particular portfolio - relative to experience and ability of staff

· Trend for past due, criticized and classified loans

· Relevant economic factors

· Quality of the loan review system

· Value of collateral for collateral dependent loans

· The effect of any concentrations of credit and the changes in the level of such concentrations

· Other external factors

The methodology includes the segregation of the loan portfolio into two divisions. Loans that are performing and loans that are impaired. Loans which are performing are evaluated by loan class or loan type. The allowance for performing loans is evaluated based on historical loan experience with an adjustment for qualitative factors referred to above. Impaired loans are loans which are more than 90 days delinquent, troubled debt restructured, or adversely classified. These loans are individually evaluated for loan loss either by current appraisal, or net present value. Management reviews the overall estimate for feasibility and bases the loan loss provision accordingly.

The loan portfolio is segmented into the following loan classes, where the risk level for each class is analyzed when determining the allowance for loan losses:

Residential single family real estate loans involve certain risks such as interest rate risk and risk of non-repayment. Adjustable-rate residential family real estate loans decrease the interest rate risk to the Bank that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default. At the same time, the marketability of the underlying properties may be adversely affected by higher interest rates. Repayment risk may be affected by a number of factors including, but not necessarily limited to, job loss, divorce, illness and personal bankruptcy of the borrower.

Commercial and multi-family real estate lending entails additional risks as compared with residential family property lending. Such loans typically involve large loan balances to single borrowers or groups of related borrowers. The payment experience on such loans is typically dependent on the successful operation of the real estate project. The success of such projects is sensitive to changes in supply and demand conditions in the market for commercial real estate as well as economic conditions generally.

Construction lending is generally considered to involve a high risk due to the concentration of principal in a limited number of loans and borrowers and the effects of the general economic conditions on developers and builders. Moreover, a construction loan can involve additional risks because of the inherent difficulty in estimating both a property’s value at completion of the project and the estimated cost (including interest) of the project. The nature of these loans is such that they are generally difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not necessarily pre-sold and thus pose a greater potential risk to the Bank than construction loans to individuals on their personal residence.

Commercial business lending, including lines of credit, is generally considered higher risk due to the concentration of principal in a limited number of loans and borrowers and the effects of general economic conditions on the business. Commercial business loans are primarily secured by inventories and other business assets. In most cases, any repossessed collateral for a defaulted commercial business loans will not provide an adequate source of repayment of the outstanding loan balance.

Home equity lending entails certain risks such as interest rate risk and risk of non-repayment. The marketability of the underlying property may be adversely affected by higher interest rates, decreasing the collateral securing the loan. Repayment risk can be affected by job loss, divorce, illness and personal bankruptcy of the borrower. Home equity line of credit lending entails securing an equity interest in the borrower’s home. In many cases, the Bank’s position in these loans is as a junior lien holder to another institution’s superior lien. This type of lending is often priced on an adjustable rate basis with the rate set at or above a predefined index. Adjustable-rate loans decrease the interest rate risk to the Bank that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default.

Other consumer loans generally have more credit risk because of the type and nature of the collateral and, in certain cases, the absence of collateral. Consumer loans generally have shorter terms and higher interest rates than other lending. In addition, consumer lending collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be adversely effected by job loss, divorce, illness and personal bankruptcy. In most cases, any repossessed collateral for a defaulted consumer loan will not provide an adequate source of repayment of the outstanding loan.

An unallocated component is maintained to cover uncertainties that could affect management’s estimates of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended March 31, 2019. The table also details the amount of total loans receivable, loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of March 31, 2019 (In thousands):

	Residential			Commercial & Multi-family	Construction		Commercial Business (1)		Home Equity (2)		Consumer		Unallocated		Total
Allowance for loan losses:
Originated Loans:	$	2,374	$	14,000	$	1,003	$	3,869	$	313	$	2	$	189	$	21,750
Acquired loans initially recorded at fair value:		335		-				-		-		-		-		335
Acquired loans with deteriorated credit:		39		168		-		64		3		-		-		274
Beginning Balance, December 31, 2018		2,748		14,168		1,003		3,933		316		2		189		22,359
Charge-offs:
Originated Loans:		-		111		-		145		-		-		-		256
Sub-total:		-		111		-		145		-		-		-		256
Recoveries:
Originated Loans:		-		-		-		9		-		-		-		9
Acquired loans initially recorded at fair value:		-		-		-		-		3		-		-		3
Sub-total:		-		-		-		9		3		-		-		12
Provisions:
Originated Loans:		97		1,188		206		(405)		(48)		(2)		(157)		879
Acquired loans initially recorded at fair value:		69		-		-		-		(3)		-		-		66
Acquired loans with deteriorated credit:		(7)		(24)		-		(25)		-		-		-		(56)
Sub-total:		159		1,164		206		(430)		(51)		(2)		(157)		889
Totals:
Originated Loans:		2,471		15,077		1,209		3,328		265		-		32		22,382
Acquired loans initially recorded at fair value:		404		-		-		-		-		-		-		404
Acquired loans with deteriorated credit:		32		144		-		39		3		-		-		218
Ending Balance, March 31, 2019	$	2,907	$	15,221	$	1,209	$	3,367	$	268	$	-	$	32	$	23,004
Loans Receivable:
Ending Balance Originated Loans:	$	214,971	$	1,572,932	$	114,462	$	140,103	$	49,102	$	686	$	-	$	2,092,256
Ending Balance Acquired loans initially recorded at fair value:		41,833		145,722		-		25,968		17,599		45		-		231,167
Ending Balance Acquired loans with deteriorated credit:		1,380		5,672		-		996		245		-		-		8,293
Total Gross Loans:	$	258,184	$	1,724,326	$	114,462	$	167,067	$	66,946	$	731	$	-	$	2,331,716
Ending Balance: Loans individually
evaluated for impairment:
Ending Balance Originated Loans:	$	5,985	$	11,731	$	-	$	1,482	$	905	$	-	$	-	$	20,103
Ending Balance Acquired loans initially recorded at fair value:		5,657		4,835		-		52		343		-		-		10,887
Ending Balance Acquired loans with deteriorated credit:		1,380		5,471		-		759		46		-		-		7,656
Ending Balance Loans individually
evaluated for impairment:	$	13,022	$	22,037	$	-	$	2,293	$	1,294	$	-	$	-	$	38,646
Ending Balance: Loans collectively
evaluated for impairment:
Ending Balance Originated Loans:	$	208,986	$	1,561,201	$	114,462	$	138,621	$	48,197	$	686	$	-	$	2,072,153
Ending Balance Acquired loans initially recorded at fair value:		36,176		140,887		-		25,916		17,256		45		-		220,280
Ending Balance Acquired loans with deteriorated credit:		-		201		-		237		199		-		-		637
Ending Balance Loans collectively
evaluated for impairment:	$	245,162	$	1,702,289	$	114,462	$	164,774	$	65,652	$	731	$	-	$	2,293,070
_____________________________
(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended March 31, 2018.

	Residential			Commercial & Multi-family	Construction		Commercial Business (1)			Home Equity (2)	Consumer		Unallocated		Total
Allowance for credit losses:
Originated Loans:	$	2,368	$	11,656	$	518	$	2,018	$	338	$	6	$	177	$	17,081
Acquired loans initially recorded at fair value:		242		-		-		-		-		-		-		242
Acquired loans with deteriorated credit:		40		12		-		-		-		-		-		52
Beginning Balance, January 1, 2018		2,650		11,668		518		2,018		338		6		177		17,375
Charge-offs:
Originated Loans:		302		-		-		-		-		-		-		302
Acquired loans initially recorded at fair value:		72		-		-		-		6		-		-		78
Sub-total:		374		-		-		-		6		-		-		380
Recoveries:
Originated Loans:		-		-		-		-		-		-		-		-
Acquired loans initially recorded at fair value:		-		-		-		-		-		-		-		-
Acquired loans with deteriorated credit:		-		-		-		-		-		-		-		-
Sub-total:		-		-		-		-		-		-		-		-
Provisions:
Originated Loans:		179		224		(26)		658		46		(2)		21		1,100
Acquired loans initially recorded at fair value:		199		-		-		24		6		-		-		229
Acquired loans with deteriorated credit:		13		-		-		-		-		-		-		13
Sub-total:		391		224		(26)		682		52		(2)		21		1,342
Totals:
Originated Loans:		2,245		11,880		492		2,676		384		4		198		17,879
Acquired loans initially recorded at fair value:		369		-		-		24		-		-		-		393
Acquired loans with deteriorated credit:		53		12		-		-		-		-		-		65
Ending Balance, March 31, 2018	$	2,667	$	11,892	$	492	$	2,700	$	384	$	4	$	198	$	18,337
_____________________________
(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The table below sets forth the amounts and types of non-accrual loans in the Company’s loan portfolio as of March 31, 2019 and December 31, 2018. Loans are placed on non-accrual status when they become more than 90 days delinquent, or when the collection of principal and/or interest become doubtful. As of March 31, 2019 and December 31, 2018, total non-accrual loans differed from the amount of total loans past due greater than 90 days due to troubled debt restructuring of loans which are maintained on non-accrual status for a minimum of six months and until the borrower has demonstrated its ability to satisfy the terms of the restructured loan.   

		As of March 31, 2019		As of December 31, 2018
		(In Thousands)		(In Thousands)
Non-Accruing Loans:
Originated loans:
Residential one-to-four family	$	1,415	$	1,160
Commercial and multi-family		1,364		2,568
Commercial business(1)		256		356
Home equity(2)		272		277
Sub-total:		3,307		4,361
Acquired loans initially recorded at fair value:
Residential one-to-four family		1,704		2,165
Commercial and multi-family		597		605
Commercial business(1)		-		48
Home equity(2)		62		42
Sub-total:		2,363		2,860
Total	$	5,670	$	7,221

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Nonaccrual loans in the preceding table do not include loans acquired with deteriorated credit quality which were recorded at their fair value at acquisition and totaled $5.8 million at March 31, 2019, and $7.0 million at December 31, 2018.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table summarizes the average recorded investment and interest income recognized on impaired loans with no related allowance recorded by portfolio class for the three months ended March 31, 2019 and 2018 (In thousands):

		Three Months Ended March 31,
		2019		2019		2018		2018
		Average		Interest		Average		Interest
		Recorded		Income		Recorded		Income
Originated loans		Investment		Recognized		Investment		Recognized
With no related allowance recorded:
Residential one-to-four family	$	3,073	$	28	$	1,981	$	7
Commercial and Multi-family		12,221		134		11,897		77
Commercial business(1)		1,063		42		382		4
Home equity(2)		758		6		897		7
Sub-total:	$	17,115	$	210	$	15,157	$	95
Acquired loans initially recorded at fair value
With no related allowance recorded:
Residential one-to-four family	$	2,753	$	25	$	3,876	$	30
Commercial and Multi-family		3,946		55		3,793		59
Commercial business(1)		53		1		-		-
Home equity(2)		230		3		231		-
Consumer		11		-		-		4
Sub-total	$	6,993	$	84	$	7,900	$	93
Acquired loans with deteriorated credit
With no related allowance recorded:
Residential one-to-four family(3)	$	1,019	$	16	$	1,225	$	16
Commercial and Multi-family(3)		6,050		6		512		7
Commercial business(1)(3)		785		-		-		-
Home equity(2)(3)		48		-		-		-
Sub-total:	$	7,902	$	22	$	1,737	$	23
Total Impaired Loans
With no related allowance recorded:	$	32,010	$	316	$	24,794	$	211

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

(3) Does not include accretable yield on loans acquired with deteriorated credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table summarizes the average recorded investment and interest income recognized on impaired loans with allowance recorded by portfolio class for the three months ended March 31, 2019 and 2018. (In thousands):

		Three Months Ended March 31,
		2019		2019		2018		2018
		Average		Interest		Average		Interest
		Recorded		Income		Recorded		Income
Originated loans		Investment		Recognized		Investment		Recognized
with an allowance recorded:
Residential one-to-four family	$	2,941	$	25	$	5,527	$	57
Commercial and Multi-family		56		-		243		-
Commercial business(1)		865		27		1,332		16
Home equity(2)		153		2		157		2
Sub-total:	$	4,015	$	54	$	7,259	$	75
Acquired loans initially recorded at fair value
with an allowance recorded:
Residential one-to-four family	$	3,146	$	24	$	3,580	$	32
Commercial and Multi-family		912		4		1,093		5
Home equity(2)		84		2		86		1
Sub-total	$	4,142	$	30	$	4,759	$	38
Acquired loans with deteriorated credit
with an allowance recorded:
Residential one-to-four family	$	366	$	5	$	185	$	5
Sub-total:	$	366	$	5	$	185	$	5
Total Impaired Loans
with an allowance recorded:	$	8,523	$	89	$	12,203	$	118

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table summarizes the recorded investment and unpaid principal balances where there is no related allowance on impaired loans by portfolio class at

March 31, 2019 and December 31, 2018. (In thousands):

		As of March 31, 2019						As of December 31, 2018
		Recorded		Unpaid Principal		Related		Recorded		Unpaid Principal		Related
Originated loans		Investment		Balance		Allowance		Investment		Balance		Allowance
with no related allowance recorded:
Residential one-to-four family	$	3,523	$	3,577	$	-	$	2,623	$	2,689	$	-
Commercial and multi-family		11,731		12,215		-		12,711		13,308		-
Commercial business(1)		1,151		3,743		-		974		3,411		-
Home equity(2)		753		772		-		762		779		-
Sub-total:	$	17,158	$	20,307	$	-	$	17,070	$	20,187	$	-
Acquired loans initially recorded at fair
value with no related allowance
recorded:
Residential one-to-four family	$	2,382	$	2,504	$	-	$	3,123	$	3,254	$	-
Commercial and Multi-family		3,931		3,931		-		3,961		3,961		-
Commercial business(1)		52		52		-		53		53		-
Home equity(2)		259		263		-		222		222		-
Sub-total:	$	6,624	$	6,750	$	-	$	7,359	$	7,490	$	-
Acquired loans with deteriorated
credit with no related allowance
recorded:
Residential one-to-four family	$	1,015	$	1,571	$	-	$	1,023	$	1,579	$	-
Commercial and Multi-family		5,471		6,586		-		6,628		7,957		-
Commercial business(1)		759		6,210		-		810		6,253		-
Home equity(2)		46		54		-		49		57		-
Sub-total:	$	7,291	$	14,421	$	-	$	8,510	$	15,846	$	-
Total Impaired Loans
with no related allowance recorded:	$	31,073	$	41,478	$	-	$	32,939	$	43,523	$	-

__________

(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table summarizes the recorded investment, unpaid principal balance, and the related allowance on impaired loans by portfolio class at March 31, 2019 and December 31, 2018. (In thousands):

		As of March 31, 2019						As of December 31, 2018
		Recorded		Unpaid Principal		Related		Recorded		Unpaid Principal		Related
Originated loans		Investment		Balance		Allowance		Investment		Balance		Allowance
with an allowance recorded:
Residential one-to-four family	$	2,462	$	2,467	$	98	$	3,420	$	3,420	$	229
Commercial and Multi-family		-		-		-		111		153		111
Commercial business(1)		331		1,479		292		1,398		1,549		905
Home equity(2)		152		152		20		153		153		21
Sub-total:	$	2,945	$	4,098	$	410	$	5,082	$	5,275	$	1,266
Acquired loans initially recorded at fair
value with an allowance
recorded:
Residential one-to-four family	$	3,275	$	3,436	$	513	$	3,016	$	3,166	$	532
Commercial and Multi-family		904		1,087		360		920		1,094		369
Commercial business(1)		-		-		-		-		-		-
Home equity(2)		84		84		5		84		84		5
Sub-total	$	4,263	$	4,607	$	878	$	4,020	$	4,344	$	906
Acquired loans with deteriorated
credit with an allowance
recorded:
Residential one-to-four family	$	365	$	413	$	8	$	367	$	414	$	9
Sub-total:	$	365	$	413	$	8	$	367	$	414	$	9
Total Impaired Loans
with an allowance recorded:	$	7,573	$	9,118	$	1,296	$	9,469	$	10,033	$	2,181
Total Impaired Loans
with no related allowance recorded:	$	31,073	$	41,478	$	-	$	32,939	$	43,523	$	-
Total Impaired Loans:	$	38,646	$	50,596	$	1,296	$	42,408	$	53,556	$	2,181

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

A troubled debt restructured (“TDR”) is a loan that has been modified whereby the Company has agreed to make certain concessions to a borrower to meet the needs of both the borrower and the Company to maximize the ultimate recovery of a loan. A TDR occurs when a borrower is experiencing, or is expected to experience, financial difficulties and the loan is modified using a concession that would otherwise not be granted to the borrower. The types of concessions granted generally include, but are not limited to interest rate reductions, limitations on the accrued interest charged, term extensions, and deferment of principal. All TDRs were considered impaired and therefore were individually evaluated for impairment in the calculation of the allowance for loan losses. Prior to their classification as TDRs, certain of these loans had been collectively evaluated for impairment in the calculation of the allowance for loan losses.

		At March 31, 2019		At December 31, 2018
		(In thousands)
Recorded investment in TDRs:
Accrual status	$	23,059	$	22,477
Non-accrual status		3,395		4,136
Total recorded investment in TDRs	$	26,454	$	26,613

The following table summarizes information with regard to troubled debt restructurings which occurred during the three months ended March 31, 2019.

Three Months Ended March 31, 2019 (Dollars in Thousands)				Pre-Modification Outstanding		Post-Modification Outstanding
		Number of Contracts		Recorded Investments		Recorded Investments
Originated loans:
Residential one-to-four family	$	1	$	181	$	186
Commercial and multi-family		1		877		1,039
Commercial business(1)		1		145		153
Total	$	3	$	1,203	$	1,378

The following table summarizes information with regard to troubled debt restructurings which occurred during the three months ended March 31, 2018.

Three Months Ended March 31, 2018 (Dollars in Thousands)			Pre-Modification Outstanding		Post-Modification Outstanding
	Number of Contracts		Recorded Investments		Recorded Investments
Originated loans:
Residential one-to-four family	1	$	640	$	640
Sub-total:	1	$	640	$	640
Acquired loans initially recorded at fair value:
Residential one-to-four family	1	$	179	$	179
Sub-total:	1	$	179	$	179
Total	2	$	819	$	819

_________

(1) Includes business lines of credit.

The loans included above are considered TDRs as a result of the Company implementing one or more of the following concessions: granting a material extension of time, issuing a forbearance agreement, adjusting the interest rate to a below market rate and/or accepting interest only for a period of time or a change in amortization period.

Troubled debt restructurings for which there was a payment default within twelve months of restructuring during the three months ended March 31, 2019 totaled $0 for zero contracts and $3,376,000 for three contracts during the three months ended March 31, 2018.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table sets forth the delinquency status of total loans receivable as of March 31, 2019:

													Loans Receivable
	30-59 Days		60-90 Days		Greater Than		Total Past				Total Loans		>90 Days
	Past Due		Past Due		90 Days		Due		Current		Receivable		and Accruing
		(In Thousands)
Originated loans:
Residential one-to-four family	$	1,223	$	1,867	$	1,013	$	4,103	$	210,868	$	214,971	$	-
Commercial and multi-family		15,234		-		-		15,234		1,557,698		1,572,932		-
Construction		-		-		-		-		114,462		114,462		-
Commercial business(1)		6,259		400		60		6,719		133,384		140,103		-
Home equity(2)		101		-		37		138		48,964		49,102		-
Consumer		-		-		-		-		686		686		-
Sub-total:	$	22,817	$	2,267	$	1,110	$	26,194	$	2,066,062	$	2,092,256	$	-
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	601	$	-	$	1,301	$	1,902	$	39,931		41,833	$	-
Commercial and multi-family		2,949		-		2		2,951		142,771		145,722		-
Construction		-		-		-		-		-		-		-
Commercial business(1)		2,684		377		-		3,061		22,907		25,968		-
Home equity(2)		239		279		42		560		17,039		17,599		-
Consumer		-		-		-		-		45		45		-
Sub-total:	$	6,473	$	656	$	1,345	$	8,474	$	222,693	$	231,167	$	-
Acquired loans with deteriorated credit:
Residential one-to-four family	$	-	$	-	$	-	$	-	$	1,380		1,380	$	-
Commercial and multi-family		-		-		4,868		4,868		804		5,672		-
Commercial business(1)		194		-		53		247		749		996		-
Home equity(2)		-		46		-		46		199		245		-
												-
Sub-total:	$	194	$	46	$	4,921	$	5,161	$	3,132	$	8,293	$	-
Total	$	29,484	$	2,969	$	7,376	$	39,829	$	2,291,887	$	2,331,716	$	-

_________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table sets forth the delinquency status of total loans receivable at December 31, 2018:

													Loans Receivable
	30-59 Days		60-90 Days		Greater Than		Total Past				Total Loans		>90 Days
	Past Due		Past Due		90 Days		Due		Current		Receivable		and Accruing
		(In Thousands)
Originated loans:
Residential one-to-four family	$	980	$	1,014	$	1,452	$	3,446	$	209,754	$	213,200	$	545
Commercial and multi-family		7,074		299		988		8,361		1,532,405		1,540,766		877
Construction		-		-		-		-		106,187		106,187		-
Commercial business(1)		1,331		-		349		1,680		135,286		136,966		-
Home equity(2)		498		87		-		585		53,686		54,271		-
Consumer		-		-		-		-		726		726		-
Sub-total:	$	9,883	$	1,400	$	2,789	$	14,072	$	2,038,044	$	2,052,116	$	1,422
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	1,117	$	520	$	1,917	$	3,554	$	39,941		43,495	$	-
Commercial and multi-family		1,480		78		-		1,558		148,681		150,239		-
Construction		594		-		-		594		1,002		1,596		-
Commercial business(1)		1,876		-		46		1,922		25,451		27,373		-
Home equity(2)		682		22		42		746		17,630		18,376		-
Consumer		-		-		-		-		83		83		-
Sub-total:	$	5,749	$	620	$	2,005	$	8,374	$	232,788	$	241,162	$	-
Acquired loans with deteriorated credit:
Residential one-to-four family	$	-	$	-	$	-	$	-	$	1,390	$	1,390	$	-
Commercial and multi-family		-		-		6,012		6,012		820		6,832		-
Construction		-		-		-		-		-		-		-
Commercial business(1)		-		-		806		806		48		854		-
Home equity(2)		-		-		48		48		200		248		-
Consumer		-		-		-		-		-		-		-
Sub-total:	$	-	$	-	$	6,866	$	6,866	$	2,458	$	9,324	$	-
Total	$	15,632	$	2,020	$	11,660	$	29,312	$	2,273,290	$	2,302,602	$	1,422

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Criticized and Classified Assets.

Company policies provide for a classification system for problem assets. Under this classification system, problem assets are classified as “substandard,” “doubtful,” or “loss.”

When the Company classifies problem assets, the Company may establish general allowances for loan losses in an amount deemed prudent by management.  General allowances represent loss allowances which have been established to recognize the inherent risk associated with lending activities, but which, unlike specific allowances, have not been allocated to particular problem assets. A portion of general loss allowances established to cover possible losses related to assets classified as substandard or doubtful may be included in determining our regulatory capital. Specific valuation allowances for loan losses generally do not qualify as regulatory capital. As of March 31, 2019, we had $0 in assets classified as losses, and $24.0 million in assets classified as substandard, all of which $24.0 million were classified as impaired. The loans classified as substandard represent primarily commercial loans secured either by residential real estate, commercial real estate or heavy equipment. The loans that have been classified substandard were classified as such primarily due to payment status, because updated financial information has not been timely provided, or the collateral underlying the loan is in the process of being revalued.

The Company’s internal credit risk grades are based on the definitions currently utilized by the banking regulatory agencies.  The grades assigned and definitions are as follows, and loans graded excellent, above average, good and watch list (risk ratings 1-5) are treated as “pass” for grading purposes. The “criticized” risk rating (6) and the “classified” risk ratings (7-9) are detailed below:

6 – Special Mention- Loans currently performing but with potential weaknesses including adverse trends in borrower’s operations, credit quality, financial strength, or possible collateral deficiency.

7 – Substandard- Loans that are inadequately protected by current sound worth, paying capacity, and collateral support.  Loans on “nonaccrual” status.  The loan needs special and corrective attention.

8 – Doubtful- Weaknesses in credit quality and collateral support make full collection improbable, but pending reasonable factors remain sufficient to defer the loss status.

9 – Loss- Continuance as a bankable asset is not warranted. However, this does not preclude future attempts at partial recovery.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table presents the loan portfolio types summarized by the aggregate pass rating and the classified ratings of special mention, substandard, doubtful, and loss within the Company’s internal risk rating system as of March 31, 2019. (In thousands):

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Originated loans:
Residential one-to-four family	$	209,888	$	2,022	$	3,061	$	-	$	-	$	214,971
Commercial and multi-family		1,559,284		4,168		9,480		-		-		1,572,932
Construction		113,794		668		-		-		-		114,462
Commercial business(1)		137,068		1,927		1,108		-		-		140,103
Home equity(2)		48,767		63		272		-		-		49,102
Consumer		680		6		-		-		-		686
Sub-total:	$	2,069,481	$	8,854	$	13,921	$	-	$	-	$	2,092,256
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	39,811	$	-	$	2,022	$	-	$	-		41,833
Commercial and multi-family		142,221		1,344		2,157		-		-		145,722
Construction		-		-		-		-		-		-
Commercial business(1)		24,867		1,101		-		-		-		25,968
Home equity(2)		17,513		-		86		-		-		17,599
Consumer		45		-		-		-		-		45
Sub-total:	$	224,457	$	2,445	$	4,265	$	-	$	-	$	231,167
Acquired loans with deteriorated credit:
Residential one-to-four family	$	807	$	559	$	14	$	-	$	-		1,380
Commercial and multi-family		201		499		4,972		-		-		5,672
Construction		-		-		-		-		-		-
Commercial business(1)		-		237		759		-		-		996
Home equity(2)		199		-		46		-		-		245
Consumer		-		-		-		-		-		-
Sub-total:	$	1,207	$	1,295	$	5,791	$	-	$	-	$	8,293
Total Gross Loans	$	2,295,145	$	12,594	$	23,977	$	-	$	-	$	2,331,716

_________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table presents the loan portfolio types summarized by the aggregate pass rating and the classified ratings of special mention, substandard, doubtful, and loss within the Company’s internal risk rating system as of December 31, 2018. (In thousands):

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Originated loans:
Residential one-to-four family	$	207,991	$	2,400	$	2,809	$	-	$	-	$	213,200
Commercial and multi-family		1,526,591		3,608		10,567		-		-		1,540,766
Construction		105,886		301		-		-		-		106,187
Commercial business(1)		133,054		1,923		1,989		-		-		136,966
Home equity(2)		53,903		91		277		-		-		54,271
Consumer		719		7		-		-		-		726
Sub-total:	$	2,028,144	$	8,330	$	15,642	$	-	$	-	$	2,052,116
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	41,009	$	1	$	2,485	$	-	$	-		43,495
Commercial and multi-family		146,701		2,618		920		-		-		150,239
Construction		1,596		-		-		-		-		1,596
Commercial business(1)		26,199		1,128		46		-		-		27,373
Home equity(2)		18,309		-		67		-		-		18,376
Consumer		83		-		-		-		-		83
Sub-total:	$	233,897	$	3,747	$	3,518	$	-	$	-	$	241,162
Acquired loans with deteriorated credit:
Residential one-to-four family	$	812	$	562	$	16	$	-	$	-		1,390
Commercial and multi-family		204		502		6,126		-		-		6,832
Construction		-		-		-		-		-		-
Commercial business(1)		(4)		48		810		-		-		854
Home equity(2)		199		-		49		-		-		248
Sub-total:	$	1,211	$	1,112	$	7,001	$	-	$	-	$	9,324
Total Gross Loans	$	2,263,252	$	13,189	$	26,161	$	-	$	-	$	2,302,602

________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

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Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 8 – Stockholders’ Equity

On April 17, 2018, the Company issued 631,896 shares of its common stock, 438,889 shares of series E 6%non-cumulative convertible preferred stockand 6,465 shares of series F 6% non-cumulative convertible preferred stock in connection with its acquisition of IA Bancorp, Inc. The series E 6% non-cumulative convertible preferred stock was converted, at the shareholders’ discretion, on July 10, 2018. The series F 6% non-cumulative perpetual convertible preferred stock is convertible at the shareholder’s discretion.

On May 16, 2018, the Company issued 82,950 shares of its common stock in connection with the conversion of the 438,889 shares of Series E preferred stock issued in connection with the acquisition of IA Bancorp, Inc.

On January 30, 2019, BCB Bancorp, Inc. (the “Company”) closed a private placement of Series G 6.0% Noncumulative Perpetual Preferred Stock, resulting in gross proceeds of $5,330,000 for 533 shares.

On February 25, 2019, BCB Bancorp, Inc. (the “Company”) closed a private placement offering of 496,224 shares of its common stock, of which directors and officers of the Company purchased 286,244 shares (the “Offering”). The Offering resulted in gross proceeds of $6.272 million to the Company.

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

Note 9 – Goodwill and Other Intangible Assets

The Company’s intangible assets consist of goodwill and core deposit intangibles in connection with the acquisition of IA Bancorp, Inc. as of April 17, 2018. The initial recording of goodwill and other intangible assets requires subjective judgments concerning estimates of the fair value of the acquired assets and assumed liabilities. Goodwill is not amortized but is subject to annual tests for impairment or more often if events or circumstances indicate it may be impaired.

The Company’s core deposit intangibles are amortized on an accelerated basis using an estimated life of 10 years and in accordance with U.S. GAAP are evaluated annually for impairment. An impairment loss will be recognized if the carrying amount of the intangible asset is not recoverable and exceeds fair value. The carrying amount of the intangible asset is not considered recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of the asset. 

We believe that the fair values of our intangible assets were in excess of their carrying amounts and therefore there was no impairment to intangible assets at March 31, 2019.

Amortization expense of the core deposit intangibles was $19,000 for the three months ended March 31, 2019. The unamortized balance of the core deposit intangibles and the amount of goodwill at March 31, 2019 were $352,000 and $5.2 million, respectively.

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Fair Values of Financial Instruments

3 Months Ended

Mar. 31, 2019

Fair Value of Financial Instruments [Abstract]

Fair Values of Financial Instruments

Note 10 – Fair Values of Financial Instruments

Guidance on fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity).

An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

The only assets or liabilities that the Company measured at fair value on a recurring basis were as follows. (In thousands):

			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
As of March 31, 2019:
Securities Available for Sale
Residential mortgage backed securities	$	114,211	$	-	$	114,211	$	-
Municipal obligations		3,731		-		3,731		-
Total Securities Available for Sale		117,942		-		117,942		-
Preferred Stock
Equity Investments		7,963		7,963		-		-
Total Securities Available for Sale	$	7,963	$	7,963	$	-	$	-
As of December 31, 2018:
Securities Available for Sale
Residential mortgage backed securities	$	115,640	$	-	$	115,640	$	-
Municipal obligations		3,695		-		3,695		-
Total Securities Available for Sale		119,335		-		119,335		-
Preferred Stock
Equity Investments		7,672		7,672		-		-
Total Securities	$	7,672	$	7,672	$	-	$	-

The Company’s policy is to recognize transfers between levels as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers of assets or liabilities into or out of Level 1, Level 2, or Level 3 of the fair value hierarchy during the three months ended March 31, 2019 and 2018.

The only assets or liabilities that the Company measured at fair value on a nonrecurring basis were as follows. (In thousands):

			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
As of March 31, 2019
Impaired Loans	$	6,277	$	-	$	-	$	6,277
Other real estate owned	$	1,746	$	-	$	-	$	1,746
As of December 31, 2018:
Impaired Loans	$	7,288	$	-	$	-	$	7,288
Other real estate owned	$	1,333	$	-	$	-	$	1,333

Note 10 – Fair Values of Financial Instruments (Continued)

The following tables present additional quantitative information as of March 31, 2019 and December 31, 2018 about assets measured at fair value on a nonrecurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value. (Dollars in thousands):

Quantitative Information about Level 3 Fair Value Measurements
		Fair Value	Valuation	Unobservable	Range
		Estimate	Techniques	Input
March 31, 2019:
Impaired Loans	$	6,277	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%
Other real estate owned	$	1,746	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%

		Fair Value	Valuation	Unobservable	Range
		Estimate	Techniques	Input
December 31, 2018:
Impaired Loans	$	7,288	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%
Other real estate owned	$	1,333	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not objectively determinable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments as of March 31, 2019 and December 31, 2018.

Cash and Cash Equivalents and Interest-Earning Time Deposits (Carried at Cost)

The carrying amounts reported in the consolidated statements of financial condition for cash and short-term instruments approximate fair values.

Securities Available for Sale

The fair value of securities available for sale (carried at fair value) are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices.

Equity Securities

The fair values of available-for-sale securities are based on quoted market prices (Level 1).

Loans Held for Sale (Carried at Lower of Cost or Fair Value)

The fair value of loans held for sale is determined, when possible, using quoted secondary-market prices. If no such quoted prices exist, the fair value of a loan is determined using quoted prices for a similar loan or loans, adjusted for specific attributes of that loan. Loans held for sale are carried at their cost as of March 31, 2019 and December 31, 2018.

Loans Receivable (Carried at Cost)

The fair value of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values.

Note 10 – Fair Values of Financial Instruments (Continued)

Impaired Loans

A loan is impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due according to the original contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or as a practical expedient, at the loans observable market price or the fair value of the collateral if the loan is collateral dependent. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value at March 31, 2019 and December 31, 2018 consisted of the loan balances of $7.6 million and $9.5 million, net of a valuation allowance of $1.3 million and $2.2 million, respectively.

Real Estate Owned (Generally Carried at Lower of Cost or Fair Value)

Real Estate Owned is generally carried at fair value which is determined based upon independent third-party appraisals of the properties, or based upon the expected proceeds from a pending sale. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements.

FHLB of New York Stock (Carried at Cost)

The carrying amount of restricted investment in bank stock approximates fair value, and considers the limited marketability of such securities.

Interest Receivable and Payable (Carried at Cost)

The carrying amount of interest receivable and interest payable approximates its fair value.

Deposits (Carried at Cost)

The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits.

Borrowings and Subordinated Debt (Carried at Cost)

Fair values are estimated using discounted cash flow analysis, based on quoted prices for new long-term debt with similar credit risk characteristics, terms and remaining maturity. Prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party.

Off-Balance Sheet Financial Instruments

Fair values for the Company’s off-balance sheet financial instruments (lending commitments and unused lines of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties’ credit standing. The fair value of these commitments was deemed immaterial and is not presented in the accompanying table.

Note 10 – Fair Values of Financial Instruments (Continued)

The carrying values and estimated fair values of financial instruments were as follows as of March 31, 2019 and December 31, 2018:

		As of March 31, 2019
					Quoted Prices in Active		Significant		Significant
	Carrying				Markets for Identical Assets		Other Observable Inputs		Unobservable Inputs
	Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
	(In Thousands)
Financial assets:
Cash and cash equivalents	$	193,548	$	193,548	$	193,548	$	-	$	-
Interest-earning time deposits		735		735		735		-		-
Debt securities available for sale		117,942		117,942		-		117,942		-
Equity investments		7,963		7,963		7,963		-		-
Loans held for sale		1,347		1,347		-		1,347		-
Loans receivable, net		2,307,140		2,291,599		-		-		2,291,599
FHLB of New York stock, at cost		13,405		13,405		-		13,405		-
Accrued interest receivable		9,750		9,750		-		9,750		-
Other Real Estate Owned		1,746		1,746		-		-		1,746
Financial liabilities:
Deposits		2,188,633		2,197,683		1,106,248		1,091,435		-
Borrowings		245,800		245,305		-		245,305		-
Subordinated debentures		36,635		36,561		-		36,561		-
Accrued interest payable		2,297		2,297		-		2,297		-

		As of December 31, 2018
					Quoted Prices in Active		Significant		Significant
	Carrying				Markets for Identical Assets		Other Observable Inputs		Unobservable Inputs
	Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
	(In Thousands)
Financial assets:
Cash and cash equivalents	$	195,264	$	195,264	$	195,264	$	-	$	-
Interest-earning time deposits		735		735		735		-		-
Debt securities available for sale		119,335		119,335		-		119,335		-
Equity investments		7,672		7,672		7,672		-		-
Loans held for sale		1,153		1,153		-		1,153		-
Loans receivable, net		2,278,492		2,245,150		-		-		2,245,150
FHLB of New York stock, at cost		13,405		13,405		-		13,405		-
Accrued interest receivable		8,378		8,378		-		8,378		-
Other Real Estate Owned		1,333		1,333		-		-		1,333
Financial liabilities:
Deposits		2,180,724		2,189,404		1,075,539		1,113,865		-
Borrowings		245,800		244,049		-		244,049		-
Subordinated debentures		36,577		36,316		-		36,316		-
Accrued interest payable		2,561		2,561		-		2,561		-

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Subordinated Debt

3 Months Ended

Mar. 31, 2019

Subordinated Debt [Abstract]

Subordinated Debt

Note 11 – Subordinated debt

On July 30, 2018, the Company issued $33.5 million of fixed-to-floating rate subordinated debentures (the “Notes”) in a private placement. The Notes have a ten-year term and bear interest at a fixed annual rate of 5.625% for the first five years of the term (the "Fixed Interest Rate Period"). From and including August 1, 2023, the interest rate will adjust to a floating rate based on the three-month LIBOR plus 2.72%.  until redemption or maturity (the "Floating Interest Rate Period"). The Notes are scheduled to mature on August 1, 2028. Subject to limited exceptions, the Company cannot redeem the Notes for the first five years of the term. The Company will pay interest in arrears semi-annually during the Fixed Interest Rate Period and quarterly during the Floating Interest Rate Period during the term of the Notes. The Notes constitute an unsecured and subordinated obligation of the Company and rank junior in right of payment to any senior indebtedness and obligations to general and secured creditors. The Notes qualify as Tier 2 capital for the Company for regulatory purposes and the portion that the Company contributes to the Bank will qualify as Tier 1 capital for the Bank. The additional capital will be used for general corporate purposes including organic growth initiatives. Subordinated debt includes associated deferred costs of $989,000 at March 31, 2019.

The Company also has $4,124,000 of mandatory redeemable Trust Preferred securities. These interest rate on these floating rate junior subordinated debentures adjusts quarterly.

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Lease Obligations

3 Months Ended

Mar. 31, 2019

Lease Obligations [Abstract]

Lease Obligations

Note 12 – Lease Obligations

In February 2016, FASB issued ASU 2016-02, Leases, which requires a lessee to recognize the assets and liabilities that arise from all leases with a term greater than 12 months. The core principle requires the lessee to recognize a liability to make lease payments and a right-of-use (“ROU”) asset.The Company adopted this standard in the first quarter of 2019 using the option to apply the transition provisions of the new standard at the adoption date instead of the earliest period presented as provided in ASU 2018-11.

The right-of-use asset and related liability included in the balance sheet at March 31, 2019 were as follows (dollars in thousands):

		Premises and Equipment, net		Other Liabilities
Operating Leases	$	15,346	$	15,381

The Company leases 28 of our offices under various operating lease agreements. The leases have remaining terms of 1 year to 13 years.The leases contain provisions for the payment by the Company of its pro-rata share of real estate taxes, insurance, common area maintenance and other variable expenses. The Company will allocate payments made under such leases between lease and non-lease components. Some leases contain renewal options and options to purchase the assets.

The Company evaluates its contracts and service agreements in order to determine if there is an asset imbedded in such contracts and agreements. Such determination is based upon whether there is a specific asset covered by the agreement, whether the Company is entitled to all of the economic benefits to the asset over the term of the agreement, and whether the Company has full control and use of the asset over the term of the agreement without substitution rights or direction of use of the asset by the lessor. 

The Company includes in its determination of its lease liability and concurrent right of use asset those renewal or purchase options for which it is reasonably certain it will exercise. Currently, the Company does not expect to exercise such options and, accordingly, they are excluded in the determination of the lease liabilities and the concurrent right of use assets.

The Company has elected not to recognize a lease liability and a right of use asset for leases with a lease term of 12 or fewer months.

To calculate its lease liabilities, the Company uses a discount rate based upon the applicable borrowing rates of the Federal Home Loan Bank for maturities corresponding to the termination dates of the specific leases.

The following table presents certain information related to the Company’s adoption of ASU 2016-02 (in Thousands):

		Three Months Ended March 31, 2019
Operating lease cost	$	750
Variable lease cost-operating leases	$	132
		At March 31, 2019
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	15,991
Supplemental balance sheet information related to leases:
Operating Leases
Operating lease right-of-use assets	$	15,346
Current liabilities	$	2,650
Operating lease liabilities (noncurrent portion)		12,731
Total operating lease liabilities	$	15,381

The following tables summarize the Company’s weighted average remaining lease terms and weighted average discount rates:

Weighted Average Remaining Lease Term
Operating leases	7	years
Weighted Average Discount Rate
Operating leases	3.15	%

The following table summarizes the Company’s maturity of lease obligations for operating and finance leases at March 31, 2019:

Maturities of lease liabilities:
		At March 31, 2019
		Operating Leases
2020	$	3,089
2021		2,947
2022		2,652
2023		2,342
2024		1,662
Thereafter		4,592
Total lease payments		17,284
Less imputed interest		(1,903)
Total	$	15,381

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Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

Note 13 – Subsequent Events

On April 25, 2019, at the Annual Meeting of Shareholders of BCB Bancorp, Inc. (the “Company”), upon the recommendation of the Board of Directors, the shareholders voted on and approved an amendment to the Company’s Restated Certificate of Incorporation to increase the

Company’s authorized shares of common stock from 20,000,000 to 40,000,000 and the number of authorized shares of capital stock from 30,000,000 to 50,000,000 (the “Amendment”).

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Acquisition of IA Bancorp, Inc. (Tables)

3 Months Ended

Mar. 31, 2019

Acquisition of IA Bancorp, Inc. [Abstract]

Summary of Acquisition, Consideration Paid and Fair Value of Assets Acquired and Liabilities Assumed

	Estimated Fair Value
	At April 17, 2018
	(in thousands)
Consideration paid:
Common stock issued in acquisition	$	9,952
Cash paid for exchange of IAB shares		2,550
Preferred stock		7,453
Total consideration paid		19,955
Assets acquired:
Cash and cash equivalents		7,597
Investment securities available for sale		13,811
Restricted investment in bank stocks		1,163
Loans		182,578
Premises and equipment, net		2,834
Other real estate owned, net		328
Accrued interest receivable		612
Core deposit intangible		430
Deferred tax asset		5,843
Other assets		1,122
Total assets acquired		216,318
Liabilities assumed:
Deposits		178,436
Borrowings		20,015
Accrued interest payable		120
Other liabilities		3,024
Total liabilities assumed		201,595
Net assets acquired		14,723
Goodwill recorded in acquisition	$	5,232

Summary of Fair Value Adjustments of Loans Acquired

	At April 17, 2018
	(in thousands)
Gross principal balance	$	192,437
Fair value adjustment on pools of homogeneous loans		(5,895)
Fair value adjustment on acquired impaired loans		(3,964)
Fair value of acquired loans	$	182,578

Summary of Credit Adjustment on Acquired Impaired Loans

	At April 17, 2018
	(in thousands)
Contractually required principal and interest at acquisition	$	18,732
Contractual cash flows not expected to be collected (non-accretable
discount, includes principal and interest)		(4,750)
Expected cash flows at acquisition		13,982
Interest component of expected cash flows (accretable discount)		(1,338)
Fair value of loans acquired accounted for under ASC 310-30		12,644

Schedule of Combined Pro Forma Information

		Actual Combined		Pro forma Combined
		Three Months Ended		Three Months Ended
		March 31, 2019		March 31, 2018
Interest income	$	30,478	$	23,534
Interest expense		9,576		5,236
Provision for loan losses		889		1,342
Non-interest income		1,660		3,433
Non-interest expense		13,777		13,395
Income Taxes		2,445		1,997
Net Income		5,451		4,997
Earnings per diluted share	$	0.32	$	0.32

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Pension and Other Postretirement Plans (Tables)

3 Months Ended

Mar. 31, 2019

Pension and Other Postretirement Plans [Abstract]

Summary of Status of Restricted Shares

	Number of Shares Awarded		Weighted Average Grant Date Fair Value
Non-vested at December 31, 2018	67,321	$	11.26
Granted	-
Vested	-
Forfeited	-
Non-vested at March 31, 2019	67,321	$	11.26

Summary of Stock Option Activity

	Number of  Option Shares		Range of Exercise Prices		Weighted Average Exercise Price
Outstanding at December 31, 2018	1,104,600	$	8.93 - 13.32	$	11.36
Options granted	-
Options exercised	-
Options forfeited	-
Options expired	-
Outstanding at March 31, 2019	1,104,600	$	8.93 - 13.32	$	11.36

	Number of Option Shares		Range of Exercise Prices		Weighted Average Exercise Price
Outstanding at December 31, 2017	889,300	$	8.93-13.32	$	11.42
Options granted	-		-		-
Options exercised	(200)		10.55		10.55
Options forfeited	-		-		-
Options expired	-		-		-
Outstanding at March 31, 2018	889,100	$	8.93-13.32	$	10.91

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Net Income per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

Net Income per Common Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

	For the Three Months Ended March 31,
	2019					2018
		Income	Shares		Per Share		Income	Shares		Per Share
		(Numerator)	(Denominator)		Amount		(Numerator)	(Denominator)		Amount
	(In Thousands, except per share data)
Net income available to common stockholders	$	5,134				$	4,466
Basic earnings per share-
Income available to
Common stockholders	$	5,134	16,078	$	0.32	$	4,466	15,048	$	0.30
Effect of dilutive securities:
Stock options		-	33				-	133
Diluted earnings per share-
Income available to
Common stockholders	$	5,134	16,111	$	0.32	$	4,466	15,181	$	0.29

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Debt Securities Available for Sale (Tables)

3 Months Ended

Mar. 31, 2019

Debt Securities Available for Sale [Abstract]

Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale

	March 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Mortgage-backed securities:
Due after one year through five years	$	5,553	$	25	$	96	$	5,482
Due after five years through ten years		3,049		31		-		3,080
Due after ten years		107,312		252		1,915		105,649
Municipal obligations:
Due within one year		496		-		-		496
Due after one year through five years		918		22		-		940
Due after five years through ten years		1,224		34		-		1,258
Due after ten years		1,031		6		-		1,037
	$	119,583	$	370	$	2,011	$	117,942

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
	(In Thousands)
Mortgage-backed securities:
Due after one year through five years	$	5,613	$	10	$	124	$	5,499
Due after five years through ten years		3,246		2		1		3,247
Due after ten years		110,710		52		3,868		106,894
Municipal obligations:
Due within one year		495		-		-		495
Due after one year through five years		917		10		-		927
Due after five years through ten years		1225		13		1		1237
Due after ten years		1,036		-		-		1,036
	$	123,242	$	87	$	3,994	$	119,335

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

	Less than 12 Months				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(In Thousands)
March 31, 2019
Residential mortgage-backed securities	$	2,770	$	21	$	83,464	$	1,990	$	86,234	$	2,011
	$	2,770	$	21	$	83,464	$	1,990	$	86,234	$	2,011
December 31, 2018
Residential mortgage-backed securities	$	39,289	$	879	$	62,860	$	3,114	$	102,149	$	3,993
Municipal obligations		1,879		1		-		-		1,879		1
	$	41,168	$	880	$	62,860	$	3,114	$	104,028	$	3,994

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Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2019

Loans Receivable and Allowance for Loan Losses [Abstract]

Recorded Investment in Loans Receivable

	March 31, 2019		December 31, 2018
		(In Thousands)
Originated loans:
Residential one-to-four family	$	214,971	$	213,200
Commercial and multi-family		1,572,932		1,540,766
Construction		114,462		106,187
Commercial business(1)		140,103		136,966
Home equity(2)		49,102		54,271
Consumer		686		726
Sub-total		2,092,256		2,052,116
Acquired loans initially recorded at fair value:
Residential one-to-four family		41,833		43,495
Commercial and multi-family		145,722		150,239
Construction		-		1,596
Commercial business(1)		25,968		27,373
Home equity(2)		17,599		18,376
Consumer		45		83
Sub-total		231,167		241,162
Acquired loans with deteriorated credit:
Residential one-to-four family		1,380		1,390
Commercial and multi-family		5,672		6,832
Construction		-		-
Commercial business(1)		996		854
Home equity(2)		245		248
Consumer		-		-
Sub-total		8,293		9,324
Total Loans		2,331,716		2,302,602
Less:
Deferred loan fees, net		(1,572)		(1,751)
Allowance for loan losses		(23,004)		(22,359)
Sub-total		(24,576)		(24,110)
Total Loans, net	$	2,307,140	$	2,278,492
_____________________________
(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Accretable And Non-Accretable Discount on Loans Acquired

		Three months ended March 31, 2019		Three months ended March 31, 2018
(Dollars in thousands)
Balance, beginning of Period	$	2,704	$	2,230
Accretion recorded to interest income		(253)		(84)
Balance, end of Period	$	2,451	$	2,146

Acquired Loans Included In Loans Receivable in Consolidated Statements of Financial Condition

	March 31,		December 31,
	2019		2018
Unpaid principal balance	$	292,628	$	301,357
Recorded investment		239,460		250,486

Allowance for Loan Losses

The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended March 31, 2019. The table also details the amount of total loans receivable, loans receivable that are evaluated individually and collectively for impairment, and the related portion of the allowance for loan losses that is allocated to each loan class, as of March 31, 2019 (In thousands):

	Residential			Commercial & Multi-family	Construction		Commercial Business (1)		Home Equity (2)		Consumer		Unallocated		Total
Allowance for loan losses:
Originated Loans:	$	2,374	$	14,000	$	1,003	$	3,869	$	313	$	2	$	189	$	21,750
Acquired loans initially recorded at fair value:		335		-				-		-		-		-		335
Acquired loans with deteriorated credit:		39		168		-		64		3		-		-		274
Beginning Balance, December 31, 2018		2,748		14,168		1,003		3,933		316		2		189		22,359
Charge-offs:
Originated Loans:		-		111		-		145		-		-		-		256
Sub-total:		-		111		-		145		-		-		-		256
Recoveries:
Originated Loans:		-		-		-		9		-		-		-		9
Acquired loans initially recorded at fair value:		-		-		-		-		3		-		-		3
Sub-total:		-		-		-		9		3		-		-		12
Provisions:
Originated Loans:		97		1,188		206		(405)		(48)		(2)		(157)		879
Acquired loans initially recorded at fair value:		69		-		-		-		(3)		-		-		66
Acquired loans with deteriorated credit:		(7)		(24)		-		(25)		-		-		-		(56)
Sub-total:		159		1,164		206		(430)		(51)		(2)		(157)		889
Totals:
Originated Loans:		2,471		15,077		1,209		3,328		265		-		32		22,382
Acquired loans initially recorded at fair value:		404		-		-		-		-		-		-		404
Acquired loans with deteriorated credit:		32		144		-		39		3		-		-		218
Ending Balance, March 31, 2019	$	2,907	$	15,221	$	1,209	$	3,367	$	268	$	-	$	32	$	23,004
Loans Receivable:
Ending Balance Originated Loans:	$	214,971	$	1,572,932	$	114,462	$	140,103	$	49,102	$	686	$	-	$	2,092,256
Ending Balance Acquired loans initially recorded at fair value:		41,833		145,722		-		25,968		17,599		45		-		231,167
Ending Balance Acquired loans with deteriorated credit:		1,380		5,672		-		996		245		-		-		8,293
Total Gross Loans:	$	258,184	$	1,724,326	$	114,462	$	167,067	$	66,946	$	731	$	-	$	2,331,716
Ending Balance: Loans individually
evaluated for impairment:
Ending Balance Originated Loans:	$	5,985	$	11,731	$	-	$	1,482	$	905	$	-	$	-	$	20,103
Ending Balance Acquired loans initially recorded at fair value:		5,657		4,835		-		52		343		-		-		10,887
Ending Balance Acquired loans with deteriorated credit:		1,380		5,471		-		759		46		-		-		7,656
Ending Balance Loans individually
evaluated for impairment:	$	13,022	$	22,037	$	-	$	2,293	$	1,294	$	-	$	-	$	38,646
Ending Balance: Loans collectively
evaluated for impairment:
Ending Balance Originated Loans:	$	208,986	$	1,561,201	$	114,462	$	138,621	$	48,197	$	686	$	-	$	2,072,153
Ending Balance Acquired loans initially recorded at fair value:		36,176		140,887		-		25,916		17,256		45		-		220,280
Ending Balance Acquired loans with deteriorated credit:		-		201		-		237		199		-		-		637
Ending Balance Loans collectively
evaluated for impairment:	$	245,162	$	1,702,289	$	114,462	$	164,774	$	65,652	$	731	$	-	$	2,293,070
_____________________________
(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended March 31, 2018.

	Residential			Commercial & Multi-family	Construction		Commercial Business (1)			Home Equity (2)	Consumer		Unallocated		Total
Allowance for credit losses:
Originated Loans:	$	2,368	$	11,656	$	518	$	2,018	$	338	$	6	$	177	$	17,081
Acquired loans initially recorded at fair value:		242		-		-		-		-		-		-		242
Acquired loans with deteriorated credit:		40		12		-		-		-		-		-		52
Beginning Balance, January 1, 2018		2,650		11,668		518		2,018		338		6		177		17,375
Charge-offs:
Originated Loans:		302		-		-		-		-		-		-		302
Acquired loans initially recorded at fair value:		72		-		-		-		6		-		-		78
Sub-total:		374		-		-		-		6		-		-		380
Recoveries:
Originated Loans:		-		-		-		-		-		-		-		-
Acquired loans initially recorded at fair value:		-		-		-		-		-		-		-		-
Acquired loans with deteriorated credit:		-		-		-		-		-		-		-		-
Sub-total:		-		-		-		-		-		-		-		-
Provisions:
Originated Loans:		179		224		(26)		658		46		(2)		21		1,100
Acquired loans initially recorded at fair value:		199		-		-		24		6		-		-		229
Acquired loans with deteriorated credit:		13		-		-		-		-		-		-		13
Sub-total:		391		224		(26)		682		52		(2)		21		1,342
Totals:
Originated Loans:		2,245		11,880		492		2,676		384		4		198		17,879
Acquired loans initially recorded at fair value:		369		-		-		24		-		-		-		393
Acquired loans with deteriorated credit:		53		12		-		-		-		-		-		65
Ending Balance, March 31, 2018	$	2,667	$	11,892	$	492	$	2,700	$	384	$	4	$	198	$	18,337
_____________________________
(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Non-Accruing Loans

		As of March 31, 2019		As of December 31, 2018
		(In Thousands)		(In Thousands)
Non-Accruing Loans:
Originated loans:
Residential one-to-four family	$	1,415	$	1,160
Commercial and multi-family		1,364		2,568
Commercial business(1)		256		356
Home equity(2)		272		277
Sub-total:		3,307		4,361
Acquired loans initially recorded at fair value:
Residential one-to-four family		1,704		2,165
Commercial and multi-family		597		605
Commercial business(1)		-		48
Home equity(2)		62		42
Sub-total:		2,363		2,860
Total	$	5,670	$	7,221

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Impaired Loans

The following table summarizes the average recorded investment and interest income recognized on impaired loans with no related allowance recorded by portfolio class for the three months ended March 31, 2019 and 2018 (In thousands):

		Three Months Ended March 31,
		2019		2019		2018		2018
		Average		Interest		Average		Interest
		Recorded		Income		Recorded		Income
Originated loans		Investment		Recognized		Investment		Recognized
With no related allowance recorded:
Residential one-to-four family	$	3,073	$	28	$	1,981	$	7
Commercial and Multi-family		12,221		134		11,897		77
Commercial business(1)		1,063		42		382		4
Home equity(2)		758		6		897		7
Sub-total:	$	17,115	$	210	$	15,157	$	95
Acquired loans initially recorded at fair value
With no related allowance recorded:
Residential one-to-four family	$	2,753	$	25	$	3,876	$	30
Commercial and Multi-family		3,946		55		3,793		59
Commercial business(1)		53		1		-		-
Home equity(2)		230		3		231		-
Consumer		11		-		-		4
Sub-total	$	6,993	$	84	$	7,900	$	93
Acquired loans with deteriorated credit
With no related allowance recorded:
Residential one-to-four family(3)	$	1,019	$	16	$	1,225	$	16
Commercial and Multi-family(3)		6,050		6		512		7
Commercial business(1)(3)		785		-		-		-
Home equity(2)(3)		48		-		-		-
Sub-total:	$	7,902	$	22	$	1,737	$	23
Total Impaired Loans
With no related allowance recorded:	$	32,010	$	316	$	24,794	$	211

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

(3) Does not include accretable yield on loans acquired with deteriorated credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table summarizes the average recorded investment and interest income recognized on impaired loans with allowance recorded by portfolio class for the three months ended March 31, 2019 and 2018. (In thousands):

		Three Months Ended March 31,
		2019		2019		2018		2018
		Average		Interest		Average		Interest
		Recorded		Income		Recorded		Income
Originated loans		Investment		Recognized		Investment		Recognized
with an allowance recorded:
Residential one-to-four family	$	2,941	$	25	$	5,527	$	57
Commercial and Multi-family		56		-		243		-
Commercial business(1)		865		27		1,332		16
Home equity(2)		153		2		157		2
Sub-total:	$	4,015	$	54	$	7,259	$	75
Acquired loans initially recorded at fair value
with an allowance recorded:
Residential one-to-four family	$	3,146	$	24	$	3,580	$	32
Commercial and Multi-family		912		4		1,093		5
Home equity(2)		84		2		86		1
Sub-total	$	4,142	$	30	$	4,759	$	38
Acquired loans with deteriorated credit
with an allowance recorded:
Residential one-to-four family	$	366	$	5	$	185	$	5
Sub-total:	$	366	$	5	$	185	$	5
Total Impaired Loans
with an allowance recorded:	$	8,523	$	89	$	12,203	$	118

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table summarizes the recorded investment and unpaid principal balances where there is no related allowance on impaired loans by portfolio class at

March 31, 2019 and December 31, 2018. (In thousands):

		As of March 31, 2019						As of December 31, 2018
		Recorded		Unpaid Principal		Related		Recorded		Unpaid Principal		Related
Originated loans		Investment		Balance		Allowance		Investment		Balance		Allowance
with no related allowance recorded:
Residential one-to-four family	$	3,523	$	3,577	$	-	$	2,623	$	2,689	$	-
Commercial and multi-family		11,731		12,215		-		12,711		13,308		-
Commercial business(1)		1,151		3,743		-		974		3,411		-
Home equity(2)		753		772		-		762		779		-
Sub-total:	$	17,158	$	20,307	$	-	$	17,070	$	20,187	$	-
Acquired loans initially recorded at fair
value with no related allowance
recorded:
Residential one-to-four family	$	2,382	$	2,504	$	-	$	3,123	$	3,254	$	-
Commercial and Multi-family		3,931		3,931		-		3,961		3,961		-
Commercial business(1)		52		52		-		53		53		-
Home equity(2)		259		263		-		222		222		-
Sub-total:	$	6,624	$	6,750	$	-	$	7,359	$	7,490	$	-
Acquired loans with deteriorated
credit with no related allowance
recorded:
Residential one-to-four family	$	1,015	$	1,571	$	-	$	1,023	$	1,579	$	-
Commercial and Multi-family		5,471		6,586		-		6,628		7,957		-
Commercial business(1)		759		6,210		-		810		6,253		-
Home equity(2)		46		54		-		49		57		-
Sub-total:	$	7,291	$	14,421	$	-	$	8,510	$	15,846	$	-
Total Impaired Loans
with no related allowance recorded:	$	31,073	$	41,478	$	-	$	32,939	$	43,523	$	-

__________

(1) Includes business lines of credit.
(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table summarizes the recorded investment, unpaid principal balance, and the related allowance on impaired loans by portfolio class at March 31, 2019 and December 31, 2018. (In thousands):

		As of March 31, 2019						As of December 31, 2018
		Recorded		Unpaid Principal		Related		Recorded		Unpaid Principal		Related
Originated loans		Investment		Balance		Allowance		Investment		Balance		Allowance
with an allowance recorded:
Residential one-to-four family	$	2,462	$	2,467	$	98	$	3,420	$	3,420	$	229
Commercial and Multi-family		-		-		-		111		153		111
Commercial business(1)		331		1,479		292		1,398		1,549		905
Home equity(2)		152		152		20		153		153		21
Sub-total:	$	2,945	$	4,098	$	410	$	5,082	$	5,275	$	1,266
Acquired loans initially recorded at fair
value with an allowance
recorded:
Residential one-to-four family	$	3,275	$	3,436	$	513	$	3,016	$	3,166	$	532
Commercial and Multi-family		904		1,087		360		920		1,094		369
Commercial business(1)		-		-		-		-		-		-
Home equity(2)		84		84		5		84		84		5
Sub-total	$	4,263	$	4,607	$	878	$	4,020	$	4,344	$	906
Acquired loans with deteriorated
credit with an allowance
recorded:
Residential one-to-four family	$	365	$	413	$	8	$	367	$	414	$	9
Sub-total:	$	365	$	413	$	8	$	367	$	414	$	9
Total Impaired Loans
with an allowance recorded:	$	7,573	$	9,118	$	1,296	$	9,469	$	10,033	$	2,181
Total Impaired Loans
with no related allowance recorded:	$	31,073	$	41,478	$	-	$	32,939	$	43,523	$	-
Total Impaired Loans:	$	38,646	$	50,596	$	1,296	$	42,408	$	53,556	$	2,181

__________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Troubled Debt Restructurings

		At March 31, 2019		At December 31, 2018
		(In thousands)
Recorded investment in TDRs:
Accrual status	$	23,059	$	22,477
Non-accrual status		3,395		4,136
Total recorded investment in TDRs	$	26,454	$	26,613

The following table summarizes information with regard to troubled debt restructurings which occurred during the three months ended March 31, 2019.

Three Months Ended March 31, 2019 (Dollars in Thousands)				Pre-Modification Outstanding		Post-Modification Outstanding
		Number of Contracts		Recorded Investments		Recorded Investments
Originated loans:
Residential one-to-four family	$	1	$	181	$	186
Commercial and multi-family		1		877		1,039
Commercial business(1)		1		145		153
Total	$	3	$	1,203	$	1,378

The following table summarizes information with regard to troubled debt restructurings which occurred during the three months ended March 31, 2018.

Three Months Ended March 31, 2018 (Dollars in Thousands)			Pre-Modification Outstanding		Post-Modification Outstanding
	Number of Contracts		Recorded Investments		Recorded Investments
Originated loans:
Residential one-to-four family	1	$	640	$	640
Sub-total:	1	$	640	$	640
Acquired loans initially recorded at fair value:
Residential one-to-four family	1	$	179	$	179
Sub-total:	1	$	179	$	179
Total	2	$	819	$	819

_________

(1) Includes business lines of credit.

Delinquency Status of Total Loans

													Loans Receivable
	30-59 Days		60-90 Days		Greater Than		Total Past				Total Loans		>90 Days
	Past Due		Past Due		90 Days		Due		Current		Receivable		and Accruing
		(In Thousands)
Originated loans:
Residential one-to-four family	$	1,223	$	1,867	$	1,013	$	4,103	$	210,868	$	214,971	$	-
Commercial and multi-family		15,234		-		-		15,234		1,557,698		1,572,932		-
Construction		-		-		-		-		114,462		114,462		-
Commercial business(1)		6,259		400		60		6,719		133,384		140,103		-
Home equity(2)		101		-		37		138		48,964		49,102		-
Consumer		-		-		-		-		686		686		-
Sub-total:	$	22,817	$	2,267	$	1,110	$	26,194	$	2,066,062	$	2,092,256	$	-
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	601	$	-	$	1,301	$	1,902	$	39,931		41,833	$	-
Commercial and multi-family		2,949		-		2		2,951		142,771		145,722		-
Construction		-		-		-		-		-		-		-
Commercial business(1)		2,684		377		-		3,061		22,907		25,968		-
Home equity(2)		239		279		42		560		17,039		17,599		-
Consumer		-		-		-		-		45		45		-
Sub-total:	$	6,473	$	656	$	1,345	$	8,474	$	222,693	$	231,167	$	-
Acquired loans with deteriorated credit:
Residential one-to-four family	$	-	$	-	$	-	$	-	$	1,380		1,380	$	-
Commercial and multi-family		-		-		4,868		4,868		804		5,672		-
Commercial business(1)		194		-		53		247		749		996		-
Home equity(2)		-		46		-		46		199		245		-
												-
Sub-total:	$	194	$	46	$	4,921	$	5,161	$	3,132	$	8,293	$	-
Total	$	29,484	$	2,969	$	7,376	$	39,829	$	2,291,887	$	2,331,716	$	-

_________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table sets forth the delinquency status of total loans receivable at December 31, 2018:

													Loans Receivable
	30-59 Days		60-90 Days		Greater Than		Total Past				Total Loans		>90 Days
	Past Due		Past Due		90 Days		Due		Current		Receivable		and Accruing
		(In Thousands)
Originated loans:
Residential one-to-four family	$	980	$	1,014	$	1,452	$	3,446	$	209,754	$	213,200	$	545
Commercial and multi-family		7,074		299		988		8,361		1,532,405		1,540,766		877
Construction		-		-		-		-		106,187		106,187		-
Commercial business(1)		1,331		-		349		1,680		135,286		136,966		-
Home equity(2)		498		87		-		585		53,686		54,271		-
Consumer		-		-		-		-		726		726		-
Sub-total:	$	9,883	$	1,400	$	2,789	$	14,072	$	2,038,044	$	2,052,116	$	1,422
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	1,117	$	520	$	1,917	$	3,554	$	39,941		43,495	$	-
Commercial and multi-family		1,480		78		-		1,558		148,681		150,239		-
Construction		594		-		-		594		1,002		1,596		-
Commercial business(1)		1,876		-		46		1,922		25,451		27,373		-
Home equity(2)		682		22		42		746		17,630		18,376		-
Consumer		-		-		-		-		83		83		-
Sub-total:	$	5,749	$	620	$	2,005	$	8,374	$	232,788	$	241,162	$	-
Acquired loans with deteriorated credit:
Residential one-to-four family	$	-	$	-	$	-	$	-	$	1,390	$	1,390	$	-
Commercial and multi-family		-		-		6,012		6,012		820		6,832		-
Construction		-		-		-		-		-		-		-
Commercial business(1)		-		-		806		806		48		854		-
Home equity(2)		-		-		48		48		200		248		-
Consumer		-		-		-		-		-		-		-
Sub-total:	$	-	$	-	$	6,866	$	6,866	$	2,458	$	9,324	$	-
Total	$	15,632	$	2,020	$	11,660	$	29,312	$	2,273,290	$	2,302,602	$	1,422

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Loan Portfolio By Pass Rating

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Originated loans:
Residential one-to-four family	$	209,888	$	2,022	$	3,061	$	-	$	-	$	214,971
Commercial and multi-family		1,559,284		4,168		9,480		-		-		1,572,932
Construction		113,794		668		-		-		-		114,462
Commercial business(1)		137,068		1,927		1,108		-		-		140,103
Home equity(2)		48,767		63		272		-		-		49,102
Consumer		680		6		-		-		-		686
Sub-total:	$	2,069,481	$	8,854	$	13,921	$	-	$	-	$	2,092,256
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	39,811	$	-	$	2,022	$	-	$	-		41,833
Commercial and multi-family		142,221		1,344		2,157		-		-		145,722
Construction		-		-		-		-		-		-
Commercial business(1)		24,867		1,101		-		-		-		25,968
Home equity(2)		17,513		-		86		-		-		17,599
Consumer		45		-		-		-		-		45
Sub-total:	$	224,457	$	2,445	$	4,265	$	-	$	-	$	231,167
Acquired loans with deteriorated credit:
Residential one-to-four family	$	807	$	559	$	14	$	-	$	-		1,380
Commercial and multi-family		201		499		4,972		-		-		5,672
Construction		-		-		-		-		-		-
Commercial business(1)		-		237		759		-		-		996
Home equity(2)		199		-		46		-		-		245
Consumer		-		-		-		-		-		-
Sub-total:	$	1,207	$	1,295	$	5,791	$	-	$	-	$	8,293
Total Gross Loans	$	2,295,145	$	12,594	$	23,977	$	-	$	-	$	2,331,716

_________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

Note 7 - Loans Receivable and Allowance for Loan Losses (Continued)

The following table presents the loan portfolio types summarized by the aggregate pass rating and the classified ratings of special mention, substandard, doubtful, and loss within the Company’s internal risk rating system as of December 31, 2018. (In thousands):

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Originated loans:
Residential one-to-four family	$	207,991	$	2,400	$	2,809	$	-	$	-	$	213,200
Commercial and multi-family		1,526,591		3,608		10,567		-		-		1,540,766
Construction		105,886		301		-		-		-		106,187
Commercial business(1)		133,054		1,923		1,989		-		-		136,966
Home equity(2)		53,903		91		277		-		-		54,271
Consumer		719		7		-		-		-		726
Sub-total:	$	2,028,144	$	8,330	$	15,642	$	-	$	-	$	2,052,116
Acquired loans initially recorded at fair value:
Residential one-to-four family	$	41,009	$	1	$	2,485	$	-	$	-		43,495
Commercial and multi-family		146,701		2,618		920		-		-		150,239
Construction		1,596		-		-		-		-		1,596
Commercial business(1)		26,199		1,128		46		-		-		27,373
Home equity(2)		18,309		-		67		-		-		18,376
Consumer		83		-		-		-		-		83
Sub-total:	$	233,897	$	3,747	$	3,518	$	-	$	-	$	241,162
Acquired loans with deteriorated credit:
Residential one-to-four family	$	812	$	562	$	16	$	-	$	-		1,390
Commercial and multi-family		204		502		6,126		-		-		6,832
Construction		-		-		-		-		-		-
Commercial business(1)		(4)		48		810		-		-		854
Home equity(2)		199		-		49		-		-		248
Sub-total:	$	1,211	$	1,112	$	7,001	$	-	$	-	$	9,324
Total Gross Loans	$	2,263,252	$	13,189	$	26,161	$	-	$	-	$	2,302,602

________

(1) Includes business lines of credit.

(2) Includes home equity lines of credit.

XML

Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value of Financial Instruments [Abstract]

Fair Value Measurements, Recurring

			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
As of March 31, 2019:
Securities Available for Sale
Residential mortgage backed securities	$	114,211	$	-	$	114,211	$	-
Municipal obligations		3,731		-		3,731		-
Total Securities Available for Sale		117,942		-		117,942		-
Preferred Stock
Equity Investments		7,963		7,963		-		-
Total Securities Available for Sale	$	7,963	$	7,963	$	-	$	-
As of December 31, 2018:
Securities Available for Sale
Residential mortgage backed securities	$	115,640	$	-	$	115,640	$	-
Municipal obligations		3,695		-		3,695		-
Total Securities Available for Sale		119,335		-		119,335		-
Preferred Stock
Equity Investments		7,672		7,672		-		-
Total Securities	$	7,672	$	7,672	$	-	$	-

Fair Value Measurements, Nonrecurring

			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
As of March 31, 2019
Impaired Loans	$	6,277	$	-	$	-	$	6,277
Other real estate owned	$	1,746	$	-	$	-	$	1,746
As of December 31, 2018:
Impaired Loans	$	7,288	$	-	$	-	$	7,288
Other real estate owned	$	1,333	$	-	$	-	$	1,333

Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements
		Fair Value	Valuation	Unobservable	Range
		Estimate	Techniques	Input
March 31, 2019:
Impaired Loans	$	6,277	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%
Other real estate owned	$	1,746	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%

		Fair Value	Valuation	Unobservable	Range
		Estimate	Techniques	Input
December 31, 2018:
Impaired Loans	$	7,288	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%
Other real estate owned	$	1,333	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not objectively determinable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Carrying Values and Estimated Fair Values of Financial Instruments

		As of March 31, 2019
					Quoted Prices in Active		Significant		Significant
	Carrying				Markets for Identical Assets		Other Observable Inputs		Unobservable Inputs
	Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
	(In Thousands)
Financial assets:
Cash and cash equivalents	$	193,548	$	193,548	$	193,548	$	-	$	-
Interest-earning time deposits		735		735		735		-		-
Debt securities available for sale		117,942		117,942		-		117,942		-
Equity investments		7,963		7,963		7,963		-		-
Loans held for sale		1,347		1,347		-		1,347		-
Loans receivable, net		2,307,140		2,291,599		-		-		2,291,599
FHLB of New York stock, at cost		13,405		13,405		-		13,405		-
Accrued interest receivable		9,750		9,750		-		9,750		-
Other Real Estate Owned		1,746		1,746		-		-		1,746
Financial liabilities:
Deposits		2,188,633		2,197,683		1,106,248		1,091,435		-
Borrowings		245,800		245,305		-		245,305		-
Subordinated debentures		36,635		36,561		-		36,561		-
Accrued interest payable		2,297		2,297		-		2,297		-

		As of December 31, 2018
					Quoted Prices in Active		Significant		Significant
	Carrying				Markets for Identical Assets		Other Observable Inputs		Unobservable Inputs
	Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
	(In Thousands)
Financial assets:
Cash and cash equivalents	$	195,264	$	195,264	$	195,264	$	-	$	-
Interest-earning time deposits		735		735		735		-		-
Debt securities available for sale		119,335		119,335		-		119,335		-
Equity investments		7,672		7,672		7,672		-		-
Loans held for sale		1,153		1,153		-		1,153		-
Loans receivable, net		2,278,492		2,245,150		-		-		2,245,150
FHLB of New York stock, at cost		13,405		13,405		-		13,405		-
Accrued interest receivable		8,378		8,378		-		8,378		-
Other Real Estate Owned		1,333		1,333		-		-		1,333
Financial liabilities:
Deposits		2,180,724		2,189,404		1,075,539		1,113,865		-
Borrowings		245,800		244,049		-		244,049		-
Subordinated debentures		36,577		36,316		-		36,316		-
Accrued interest payable		2,561		2,561		-		2,561		-

XML

Lease Obligations (Tables)

3 Months Ended

Mar. 31, 2019

Lease Obligations [Abstract]

Right-of-Use Asset and Related Liability

		Premises and Equipment, net		Other Liabilities
Operating Leases	$	15,346	$	15,381

Schedule of Lease Information

		Three Months Ended March 31, 2019
Operating lease cost	$	750
Variable lease cost-operating leases	$	132
		At March 31, 2019
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	15,991
Supplemental balance sheet information related to leases:
Operating Leases
Operating lease right-of-use assets	$	15,346
Current liabilities	$	2,650
Operating lease liabilities (noncurrent portion)		12,731
Total operating lease liabilities	$	15,381

Summary of Lease Terms and Discount Rate

Weighted Average Remaining Lease Term
Operating leases	7	years
Weighted Average Discount Rate
Operating leases	3.15	%

Summary of Maturity of Operating and Finance Leases

Maturities of lease liabilities:
		At March 31, 2019
		Operating Leases
2020	$	3,089
2021		2,947
2022		2,652
2023		2,342
2024		1,662
Thereafter		4,592
Total lease payments		17,284
Less imputed interest		(1,903)
Total	$	15,381

XML

Basis of Presentation (Narrative) (Details) - USD ($)		3 Months Ended
	Jan. 01, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017
Basis Of Presentation [Line Items]
Unrealized gain (loss) on equity investments		$ 291,000	$ (127,000)
Accounting Standards Update 2016-01 [Member]
Basis Of Presentation [Line Items]
Reclassification of unrealized gains on AFS equity securities	$ 126,000
Unrealized gain on equity securities				$ 175,000
Unrealized gain on equity securities, tax				$ 49,000
Unrealized gain (loss) on equity investments		$ 291,000

XML

Acquisition of IA Bancorp, Inc. (Narrative) (Details)		3 Months Ended		15 Months Ended
	Apr. 17, 2018 item	Mar. 31, 2019 USD ($)	Mar. 31, 2018 USD ($)	Mar. 31, 2019 USD ($)
Business Acquisition [Line Items]
Amortization expense		$ 19,000
Merger related costs			$ 145,000
Core Deposit Intangibles [Member]
Business Acquisition [Line Items]
Intangible asset, useful life		10 years
Amortization expense				$ 78,000
Certificates of Deposit [Member]
Business Acquisition [Line Items]
Amortization period of fair value adjustment		5 years
IA Bancorp [Member]
Business Acquisition [Line Items]
Share exchange rate	0.189
Fair value adjustment on pools of homogeneous loans, interest rate discount		$ 1,900,000
Number of series of shares issued | item	2
Number of series of shares acquired | item	2
Fair value adjustment on pools of homogeneous loans, credit discount		3,900,000
Merger related costs		145,000
IA Bancorp [Member] | Certificates of Deposit [Member]
Business Acquisition [Line Items]
Fair value adjustment, liabilities		$ 751,000

XML

Acquisition of IA Bancorp, Inc. (Summary of Acquisition, Consideration Paid and Fair Value of Assets Acquired and Liabilities Assumed) (Details) - USD ($)	Apr. 17, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill recorded in acquisition		$ 5,200,000
IA Bancorp [Member]
Business Acquisition [Line Items]
Stock issued in acquisition	$ 631,896
Cash paid for exchange of IAB shares	2,550,000
Total consideration paid	19,955,000
Cash and cash equivalents	7,597,000
Investment securities available for sale	13,811,000
Restricted investment in bank stocks	1,163,000
Loans	182,578,000
Premises and equipment, net	2,834,000
Other real estate owned, net	328,000
Accrued interest receivable	612,000
Core deposit intangible	430,000
Deferred tax asset	5,843,000
Other assets	1,122,000
Total assets acquired	216,318,000
Deposits	178,436,000
Borrowings	20,015,000
Accrued interest payable	120,000
Other liabilities	3,024,000
Total liabilities assumed	201,595,000
Net assets acquired	14,723,000
Goodwill recorded in acquisition	5,232,000
IA Bancorp [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Stock issued in acquisition	9,952,000
IA Bancorp [Member] | Preferred Stock [Member]
Business Acquisition [Line Items]
Stock issued in acquisition	$ 7,453,000

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Acquisition of IA Bancorp, Inc. (Summary of Fair Value Adjustments of Loans Acquired) (Details) - IA Bancorp [Member] $ in Thousands	Apr. 17, 2018 USD ($)
Business Acquisition [Line Items]
Gross principle balance	$ 192,437
Fair value adjustment on pools of homogeneous loans	(5,895)
Fair value adjustment on acquired impaired loans	(3,964)
Fair value of acquired loans	$ 182,578

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Acquisition of IA Bancorp, Inc. (Summary of Credit Adjustment on Acquired Impaired Loans) (Details) - IA Bancorp [Member] $ in Thousands	Mar. 31, 2019 USD ($)
Business Acquisition [Line Items]
Contractually required principal and interest at acquisition	$ 18,732
Contractual cash flows not expected to be collected (non-accretable discount, includes principal and interest)	(4,750)
Expected cash flows at acquisition	13,982
Interest component of expected cash flows (accretable discount)	1,338
Fair value of loans acquired accounted for under ASC 310-30	$ 12,644

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Acquisition of IA Bancorp, Inc. (Schedule of Combined Pro Forma Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Acquisition of IA Bancorp, Inc. [Abstract]
Interest income	$ 30,478	$ 23,534
Interest Expense	9,576	5,236
Provision for loan losses	889	1,342
Non-interest income	1,660	3,433
Non-interest expense	13,777	13,395
Income Taxes	2,445	1,997
Net Income	$ 5,451	$ 4,997
Earnings per diluted share	$ 0.32	$ 0.32

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Pension and Other Postretirement Plans (Narrative) (Details) - USD ($)			3 Months Ended
	Dec. 14, 2018	Sep. 13, 2017	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Options granted
Granted and exercisable stock options			268,633	183,867
Shares underlying unexercised options			835,967	705,233
Expected future expenses relating to non-vested restricted shares			$ 624,000
Expected future compensation expense, unexercised options			$ 1,600,000	$ 1,500,000
Expected future compensation expense, weighted average period for recognition			5 years 2 months 16 days	7 years 2 months 5 days
Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected future compensation expense, weighted average period for recognition			1 year 8 months 16 days
2018 Equity Incentive Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares authorized for issuance			1,000,000
2011 Stock Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares authorized for issuance		900,000
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Normal retirement age			65 years
Retirement benefit as percentage of compensation			75.00%
Net periodic pension/postretirement cost (benefit)			$ 3,000
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension/postretirement cost (benefit)			$ 40,000	$ (10,000)
Directors [Member] | 2018 Equity Incentive Plan [Member] | Options [Member]
Defined Benefit Plan Disclosure [Line Items]
Options granted	300,000
Vesting period	2 years
Directors [Member] | 2018 Equity Incentive Plan [Member] | Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted stock issued	54,000
Vesting period	2 years
Directors [Member] | 2011 Stock Plan [Member] | Options [Member]
Defined Benefit Plan Disclosure [Line Items]
Options granted		275,000
Vesting period		10 years
Directors [Member] | Tranche 1 And 2 [Member] | 2018 Equity Incentive Plan [Member] | Options [Member]
Defined Benefit Plan Disclosure [Line Items]
Vesting percentage	50.00%
Directors [Member] | Tranche 1 - 10 [Member] | 2011 Stock Plan [Member] | Options [Member]
Defined Benefit Plan Disclosure [Line Items]
Vesting percentage		10.00%
Executive Officers [Member] | 2018 Equity Incentive Plan [Member] | Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted stock issued	13,321
Vesting period	2 years
Employees [Member] | 2011 Stock Plan [Member] | Options [Member]
Defined Benefit Plan Disclosure [Line Items]
Options granted					75,000
Employees [Member] | Tranche 1 - 5 [Member] | 2011 Stock Plan [Member] | Options [Member]
Defined Benefit Plan Disclosure [Line Items]
Vesting percentage					20.00%

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Pension and Other Postretirement Plans (Summary Of Restricted Stock Activity) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Pension and Other Postretirement Plans [Abstract]
Number of Shares Awarded, Non-vested at beginning of period	67,321
Number of Shares Awarded, Granted
Number of Shares Awarded, Vested
Number of Shares Awarded, Forfeited
Number of Shares Awarded, Non-vested at end of period	67,321
Weighted Average Grant Date Fair Value, Non-vested	$ 11.26	$ 11.26

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Pension and Other Postretirement Plans (Summary of Stock Option Activity) (Details) - $ / shares	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Beginning Balance - Number of Option Shares	1,104,600	889,300	889,300
Options Granted - Number of Option Shares
Options Exercised - Number of Option Shares		(200)
Options Forfeited - Number of Option Shares
Options Expired - Number of Option Shares
Outstanding, Ending Balance - Number of Option Shares	1,104,600	889,100	1,104,600	889,300
Outstanding Option Shares, Range of Exercise Prices, Lower Range Limit	$ 8.93	$ 8.93	$ 8.93	$ 8.93
Outstanding Option Shares, Range of Exercise Prices, Upper Range Limit	13.32	13.32	13.32	13.32
Options Exercised - Exercise Price		10.55
Outstanding Option Shares, Beginning Balance - Weighted Average Exercise Price	11.36	11.42	11.42
Option Shares Exercised - Weighted Average Exercise Price		10.55
Outstanding Option Shares, Ending Balance - Weighted Average Exercise Price	$ 11.36	$ 10.91	$ 11.36	$ 11.42

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Net Income per Common Share (Narrative) (Details) - shares	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Anti-dilutive outstanding options	21,026	1,388
Preferred stock, shares outstanding	8,340		7,807
Series F Preferred Stock [Member]
Preferred stock, shares outstanding	6,465
Preferred stock, dividend rate	6.00%		6.00%

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Net Income per Common Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net Income per Common Share [Abstract]
Net income available to common stockholders	$ 5,134	$ 4,466
Basic earnings per share - Income available to Common stockholders	5,134	4,466
Diluted earnings per share- Income available to Common stockholders	$ 5,134	$ 4,466
Basic earnings per share- Income available to Common stockholders, Shares	16,078	15,048
Effect of dilutive securities: Stock options: Shares	33	133
Diluted earnings per share- Income available to Common stockholders, Shares	16,111	15,181
Basic earnings per share - Income available to Common stockholders	$ 0.32	$ 0.30
Diluted earnings per share - Income available to Common stockholders	$ 0.32	$ 0.29

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Debt Securities Available for Sale (Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, Amortized Cost	$ 119,583	$ 123,242
Debt securities: Gross Unrealized Gains	370	87
Debt securities: Gross Unrealized Losses	2,011	3,994
Debt securities: Fair Value	117,942	119,335
Mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt securities, Due after one year through five years, Amortized Cost	5,553	5,613
Debt securities, Due after five years through ten years, Amortized Cost	3,049	3,246
Debt securities, Due after ten years, Amortized Cost	107,312	110,710
Debt securities, Due after one year through five years, Gross Unrealized Gains	25	10
Debt securities: Due after five years through ten years, Gross Unrealized Gains	31	2
Debt securities, Due after ten years, Gross Unrealized Gains	252	52
Debt securities: Due after one year through five years, Gross Unrealized Losses	96	124
Debt securities: Due after five years through ten years, Gross Unrealized Losses		1
Debt securities: Due after ten years, Gross Unrealized Losses	1,915	3,868
Debt securities: Due after one year through five years, Fair Value	5,482	5,499
Debt securities: Due after five years through ten years, Fair Value	3,080	3,247
Debt securities: Due after ten years, Fair Value	105,649	106,894
Municipal Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt securities, Due within one year, Amortized Cost	496	495
Debt securities, Due after one year through five years, Amortized Cost	918	917
Debt securities, Due after five years through ten years, Amortized Cost	1,224	1,225
Debt securities, Due after ten years, Amortized Cost	1,031	1,036
Debt securities, Due after one year through five years, Gross Unrealized Gains	22	10
Debt securities: Due after five years through ten years, Gross Unrealized Gains	34	13
Debt securities, Due after ten years, Gross Unrealized Gains	6
Debt securities: Due after five years through ten years, Gross Unrealized Losses		1
Debt securities: Due within one year, Fair Value	496	495
Debt securities: Due after one year through five years, Fair Value	940	927
Debt securities: Due after five years through ten years, Fair Value	1,258	1,237
Debt securities: Due after ten years, Fair Value	$ 1,037	$ 1,036

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Debt Securities Available For Sale (Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value ) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, Less than 12 Months - Fair Value	$ 2,770	$ 41,168
Debt Securities, More than 12 Months - Fair Value	83,464	62,860
Debt and Equity Securities - Total Fair Value	86,234	104,028
Debt and Equity Securities, Less than 12 Months - Unrealized Losses	21	880
Debt and Equity Securities, More than 12 Months - Unrealized Losses	1,990	3,114
Debt and Equity Securities - Total Unrealized Losses	2,011	3,994
Mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, Less than 12 Months - Fair Value	2,770	39,289
Debt Securities, More than 12 Months - Fair Value	83,464	62,860
Debt and Equity Securities - Total Fair Value	86,234	102,149
Debt and Equity Securities, Less than 12 Months - Unrealized Losses	21	879
Debt and Equity Securities, More than 12 Months - Unrealized Losses	1,990	3,114
Debt and Equity Securities - Total Unrealized Losses	$ 2,011	3,993
Municipal Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt Securities, Less than 12 Months - Fair Value		1,879
Debt and Equity Securities - Total Fair Value		1,879
Debt and Equity Securities, Less than 12 Months - Unrealized Losses		1
Debt and Equity Securities - Total Unrealized Losses		$ 1

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Loans Receivable and Allowance for Loan Losses (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019 USD ($) loan	Mar. 31, 2018 USD ($) loan	Dec. 31, 2018 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 5,670,000		$ 7,221,000
Recorded Investment, Subsequent Default	$ 0	$ 3,376,000
Number of Contracts, Subsequent Default | loan	0	3
Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables	$ 0
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables	24,000,000
Substandard [Member] | Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables	24,000,000
Acquired loans with deteriorated credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,200,000
Allowance for loans acquired	1,000,000
Non-accrual loans	$ 5,800,000		$ 7,000,000

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Loans Receivable and Allowance for Loan Losses (Recorded Investment in Loans Receivable) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 2,331,716	$ 2,302,602
Deferred loan fees, net	(1,572)	(1,751)
Allowance for loan losses	(23,004)	(22,359)
Total deductions from gross loans	(24,576)	(24,110)
Net Loans	2,307,140	2,278,492
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	258,184
Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,724,326
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	114,462
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	167,067
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	66,946
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	731
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,092,256	2,052,116
Originated loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	214,971	213,200
Originated loans [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,572,932	1,540,766
Originated loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	114,462	106,187
Originated loans [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	140,103	136,966
Originated loans [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	49,102	54,271
Originated loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	686	726
Acquired loans recorded at fair value [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	231,167	241,162
Acquired loans recorded at fair value [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	41,833	43,495
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	145,722	150,239
Acquired loans recorded at fair value [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross		1,596
Acquired loans recorded at fair value [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	25,968	27,373
Acquired loans recorded at fair value [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	17,599	18,376
Acquired loans recorded at fair value [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	45	83
Acquired loans with deteriorated credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	8,293	9,324
Acquired loans with deteriorated credit [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,380	1,390
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,672	6,832
Acquired loans with deteriorated credit [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross
Acquired loans with deteriorated credit [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	996	854
Acquired loans with deteriorated credit [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	245	$ 248
Acquired loans with deteriorated credit [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross

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Loans Receivable and Allowance for Loan Losses (Accretable And Non-Accretable Discount on Loans Acquired) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Loans Receivable and Allowance for Loan Losses [Abstract]
Accretable yield, beginning balance	$ 2,704	$ 2,230
Accretable yield amortized to interest income	(253)	(84)
Accretableyield, ending balance	$ 2,451	$ 2,146

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Loans Receivable and Allowance for Loan Losses (Acquired Loans Included In Loans Receivable in Consolidated Statements of Financial Condition) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans Receivable and Allowance for Loan Losses [Abstract]
Unpaid principle balance	$ 292,628	$ 301,357
Recorded investment	$ 239,460	$ 250,486

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Loans Receivable and Allowance for Loan Losses (Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	$ 22,359	$ 17,375
Allowance for loan losses: Charge-offs	256	380
Allowance for loan losses: Recoveries	12
Allowance for loan losses: Provisions	889	1,342
Allowance for loan losses: Ending Balance	23,004	18,337
Loans receivables: Ending balance	2,331,716		$ 2,302,602
Loans receivables: Ending balance: individually evaluated for impairment	38,646
Loans receivables: Ending balance: collectively evaluated for impairment	2,293,070
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	2,748	2,650
Allowance for loan losses: Charge-offs		374
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	159	391
Allowance for loan losses: Ending Balance	2,907	2,667
Loans receivables: Ending balance	258,184
Loans receivables: Ending balance: individually evaluated for impairment	13,022
Loans receivables: Ending balance: collectively evaluated for impairment	245,162
Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	14,168	11,668
Allowance for loan losses: Charge-offs	111
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	1,164	224
Allowance for loan losses: Ending Balance	15,221	11,892
Loans receivables: Ending balance	1,724,326
Loans receivables: Ending balance: individually evaluated for impairment	22,037
Loans receivables: Ending balance: collectively evaluated for impairment	1,702,289
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	1,003	518
Allowance for loan losses: Charge-offs
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	206	(26)
Allowance for loan losses: Ending Balance	1,209	492
Loans receivables: Ending balance	114,462
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment	114,462
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	3,933	2,018
Allowance for loan losses: Charge-offs	145
Allowance for loan losses: Recoveries	9
Allowance for loan losses: Provisions	(430)	682
Allowance for loan losses: Ending Balance	3,367	2,700
Loans receivables: Ending balance	167,067
Loans receivables: Ending balance: individually evaluated for impairment	2,293
Loans receivables: Ending balance: collectively evaluated for impairment	164,774
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	316	338
Allowance for loan losses: Charge-offs		6
Allowance for loan losses: Recoveries	3
Allowance for loan losses: Provisions	(51)	52
Allowance for loan losses: Ending Balance	268	384
Loans receivables: Ending balance	66,946
Loans receivables: Ending balance: individually evaluated for impairment	1,294
Loans receivables: Ending balance: collectively evaluated for impairment	65,652
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	2	6
Allowance for loan losses: Charge-offs
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	(2)	(2)
Allowance for loan losses: Ending Balance		4
Loans receivables: Ending balance	731
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment	731
Unallocated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	189	177
Allowance for loan losses: Charge-offs
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	(157)	21
Allowance for loan losses: Ending Balance	32	198
Loans receivables: Ending balance
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	21,750	17,081
Allowance for loan losses: Charge-offs	256	302
Allowance for loan losses: Recoveries	9
Allowance for loan losses: Provisions	879	1,100
Allowance for loan losses: Ending Balance	22,382	17,879
Loans receivables: Ending balance	2,092,256		2,052,116
Loans receivables: Ending balance: individually evaluated for impairment	20,103
Loans receivables: Ending balance: collectively evaluated for impairment	2,072,153
Originated loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	2,374	2,368
Allowance for loan losses: Charge-offs		302
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	97	179
Allowance for loan losses: Ending Balance	2,471	2,245
Loans receivables: Ending balance	214,971		213,200
Loans receivables: Ending balance: individually evaluated for impairment	5,985
Loans receivables: Ending balance: collectively evaluated for impairment	208,986
Originated loans [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	14,000	11,656
Allowance for loan losses: Charge-offs	111
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	1,188	224
Allowance for loan losses: Ending Balance	15,077	11,880
Loans receivables: Ending balance	1,572,932		1,540,766
Loans receivables: Ending balance: individually evaluated for impairment	11,731
Loans receivables: Ending balance: collectively evaluated for impairment	1,561,201
Originated loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	1,003	518
Allowance for loan losses: Charge-offs
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	206	(26)
Allowance for loan losses: Ending Balance	1,209	492
Loans receivables: Ending balance	114,462		106,187
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment	114,462
Originated loans [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	3,869	2,018
Allowance for loan losses: Charge-offs	145
Allowance for loan losses: Recoveries	9
Allowance for loan losses: Provisions	(405)	658
Allowance for loan losses: Ending Balance	3,328	2,676
Loans receivables: Ending balance	140,103		136,966
Loans receivables: Ending balance: individually evaluated for impairment	1,482
Loans receivables: Ending balance: collectively evaluated for impairment	138,621
Originated loans [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	313	338
Allowance for loan losses: Charge-offs
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	(48)	46
Allowance for loan losses: Ending Balance	265	384
Loans receivables: Ending balance	49,102		54,271
Loans receivables: Ending balance: individually evaluated for impairment	905
Loans receivables: Ending balance: collectively evaluated for impairment	48,197
Originated loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	2	6
Allowance for loan losses: Charge-offs
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	(2)	(2)
Allowance for loan losses: Ending Balance		4
Loans receivables: Ending balance	686		726
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment	686
Originated loans [Member] | Unallocated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	189	177
Allowance for loan losses: Charge-offs
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	(157)	21
Allowance for loan losses: Ending Balance	32	198
Loans receivables: Ending balance
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment
Acquired loans recorded at fair value [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	335	242
Allowance for loan losses: Charge-offs		78
Allowance for loan losses: Recoveries	3
Allowance for loan losses: Provisions	66	229
Allowance for loan losses: Ending Balance	404	393
Loans receivables: Ending balance	231,167		241,162
Loans receivables: Ending balance: individually evaluated for impairment	10,887
Loans receivables: Ending balance: collectively evaluated for impairment	220,280
Acquired loans recorded at fair value [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	335	242
Allowance for loan losses: Charge-offs		72
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions	69	199
Allowance for loan losses: Ending Balance	404	369
Loans receivables: Ending balance	41,833		43,495
Loans receivables: Ending balance: individually evaluated for impairment	5,657
Loans receivables: Ending balance: collectively evaluated for impairment	36,176
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance	145,722		150,239
Loans receivables: Ending balance: individually evaluated for impairment	4,835
Loans receivables: Ending balance: collectively evaluated for impairment	140,887
Acquired loans recorded at fair value [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance			1,596
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment
Acquired loans recorded at fair value [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions		24
Allowance for loan losses: Ending Balance		24
Loans receivables: Ending balance	25,968		27,373
Loans receivables: Ending balance: individually evaluated for impairment	52
Loans receivables: Ending balance: collectively evaluated for impairment	25,916
Acquired loans recorded at fair value [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Charge-offs		6
Allowance for loan losses: Recoveries	3
Allowance for loan losses: Provisions	(3)	6
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance	17,599		18,376
Loans receivables: Ending balance: individually evaluated for impairment	343
Loans receivables: Ending balance: collectively evaluated for impairment	17,256
Acquired loans recorded at fair value [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance	45		83
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment	45
Acquired loans recorded at fair value [Member] | Unallocated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Recoveries
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment
Acquired loans with deteriorated credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	274	52
Allowance for loan losses: Provisions	(56)	13
Allowance for loan losses: Ending Balance	218	65
Loans receivables: Ending balance	8,293		9,324
Loans receivables: Ending balance: individually evaluated for impairment	7,656
Loans receivables: Ending balance: collectively evaluated for impairment	637
Acquired loans with deteriorated credit [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	39	40
Allowance for loan losses: Provisions	(7)	13
Allowance for loan losses: Ending Balance	32	53
Loans receivables: Ending balance	1,380		1,390
Loans receivables: Ending balance: individually evaluated for impairment	1,380
Loans receivables: Ending balance: collectively evaluated for impairment
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	168	12
Allowance for loan losses: Provisions	(24)
Allowance for loan losses: Ending Balance	144	$ 12
Loans receivables: Ending balance	5,672		6,832
Loans receivables: Ending balance: individually evaluated for impairment	5,471
Loans receivables: Ending balance: collectively evaluated for impairment	201
Acquired loans with deteriorated credit [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment
Acquired loans with deteriorated credit [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	64
Allowance for loan losses: Provisions	(25)
Allowance for loan losses: Ending Balance	39
Loans receivables: Ending balance	996		854
Loans receivables: Ending balance: individually evaluated for impairment	759
Loans receivables: Ending balance: collectively evaluated for impairment	237
Acquired loans with deteriorated credit [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance	3
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance	3
Loans receivables: Ending balance	245		$ 248
Loans receivables: Ending balance: individually evaluated for impairment	46
Loans receivables: Ending balance: collectively evaluated for impairment	199
Acquired loans with deteriorated credit [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment
Acquired loans with deteriorated credit [Member] | Unallocated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses: Beginning Balance
Allowance for loan losses: Provisions
Allowance for loan losses: Ending Balance
Loans receivables: Ending balance
Loans receivables: Ending balance: individually evaluated for impairment
Loans receivables: Ending balance: collectively evaluated for impairment

XML

Loans Receivable and Allowance for Loan Losses (Non-Accruing Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 5,670	$ 7,221
Loans Receivable >90 Days and Accruing		1,422
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	3,307	4,361
Loans Receivable >90 Days and Accruing		1,422
Originated loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	1,415	1,160
Loans Receivable >90 Days and Accruing		545
Originated loans [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	1,364	2,568
Loans Receivable >90 Days and Accruing		877
Originated loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Originated loans [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	256	356
Loans Receivable >90 Days and Accruing
Originated loans [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	272	277
Loans Receivable >90 Days and Accruing
Originated loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans recorded at fair value [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	2,363	2,860
Loans Receivable >90 Days and Accruing
Acquired loans recorded at fair value [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	1,704	2,165
Loans Receivable >90 Days and Accruing
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	597	605
Loans Receivable >90 Days and Accruing
Acquired loans recorded at fair value [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans recorded at fair value [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans recorded at fair value [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	62	42
Loans Receivable >90 Days and Accruing
Acquired loans recorded at fair value [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans with deteriorated credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	5,800	7,000
Loans Receivable >90 Days and Accruing
Acquired loans with deteriorated credit [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans with deteriorated credit [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans with deteriorated credit [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans with deteriorated credit [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing
Acquired loans with deteriorated credit [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable >90 Days and Accruing

XML

Loans Receivable and Allowance for Loan Losses (Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	$ 32,010	$ 24,794
Average Recorded Investment - With an allowance recorded	8,523	12,203
Interest Income Recognized - With no related allowance recorded	316	211
Interest Income Recognized - With an allowance recorded	89	118
Recorded Investment - With no related allowance recorded	31,073		$ 32,939
Recorded Investment - With an allowance recorded	7,573		9,469
Recorded Investment - Total	38,646		42,408
Unpaid Principal Balance - With no related allowance recorded	41,478		43,523
Unpaid Principal Balance - With an allowance recorded	9,118		10,033
Unpaid Principal Balance - Total	50,596		53,556
Related Allowance	1,296		2,181
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	17,115	15,157
Average Recorded Investment - With an allowance recorded	4,015	7,259
Interest Income Recognized - With no related allowance recorded	210	95
Interest Income Recognized - With an allowance recorded	54	75
Recorded Investment - With no related allowance recorded	17,158		17,070
Recorded Investment - With an allowance recorded	2,945		5,082
Unpaid Principal Balance - With no related allowance recorded	20,307		20,187
Unpaid Principal Balance - With an allowance recorded	4,098		5,275
Related Allowance	410		1,266
Originated loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	3,073	1,981
Average Recorded Investment - With an allowance recorded	2,941	5,527
Interest Income Recognized - With no related allowance recorded	28	7
Interest Income Recognized - With an allowance recorded	25	57
Recorded Investment - With no related allowance recorded	3,523		2,623
Recorded Investment - With an allowance recorded	2,462		3,420
Unpaid Principal Balance - With no related allowance recorded	3,577		2,689
Unpaid Principal Balance - With an allowance recorded	2,467		3,420
Related Allowance	98		229
Originated loans [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	12,221	11,897
Average Recorded Investment - With an allowance recorded	56	243
Interest Income Recognized - With no related allowance recorded	134	77
Recorded Investment - With no related allowance recorded	11,731		12,711
Recorded Investment - With an allowance recorded			111
Unpaid Principal Balance - With no related allowance recorded	12,215		13,308
Unpaid Principal Balance - With an allowance recorded			153
Related Allowance			111
Originated loans [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	1,063	382
Average Recorded Investment - With an allowance recorded	865	1,332
Interest Income Recognized - With no related allowance recorded	42	4
Interest Income Recognized - With an allowance recorded	27	16
Recorded Investment - With no related allowance recorded	1,151		974
Recorded Investment - With an allowance recorded	331		1,398
Unpaid Principal Balance - With no related allowance recorded	3,743		3,411
Unpaid Principal Balance - With an allowance recorded	1,479		1,549
Related Allowance	292		905
Originated loans [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	758	897
Average Recorded Investment - With an allowance recorded	153	157
Interest Income Recognized - With no related allowance recorded	6	7
Interest Income Recognized - With an allowance recorded	2	2
Recorded Investment - With no related allowance recorded	753		762
Recorded Investment - With an allowance recorded	152		153
Unpaid Principal Balance - With no related allowance recorded	772		779
Unpaid Principal Balance - With an allowance recorded	152		153
Related Allowance	20		21
Acquired loans recorded at fair value [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	6,993	7,900
Average Recorded Investment - With an allowance recorded	4,142	4,759
Interest Income Recognized - With no related allowance recorded	84	93
Interest Income Recognized - With an allowance recorded	30	38
Recorded Investment - With no related allowance recorded	6,624		7,359
Recorded Investment - With an allowance recorded	4,263		4,020
Unpaid Principal Balance - With no related allowance recorded	6,750		7,490
Unpaid Principal Balance - With an allowance recorded	4,607		4,344
Related Allowance	878		906
Acquired loans recorded at fair value [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	2,753	3,876
Average Recorded Investment - With an allowance recorded	3,146	3,580
Interest Income Recognized - With no related allowance recorded	25	30
Interest Income Recognized - With an allowance recorded	24	32
Recorded Investment - With no related allowance recorded	2,382		3,123
Recorded Investment - With an allowance recorded	3,275		3,016
Unpaid Principal Balance - With no related allowance recorded	2,504		3,254
Unpaid Principal Balance - With an allowance recorded	3,436		3,166
Related Allowance	513		532
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	3,946	3,793
Average Recorded Investment - With an allowance recorded	912	1,093
Interest Income Recognized - With no related allowance recorded	55	59
Interest Income Recognized - With an allowance recorded	4	5
Recorded Investment - With no related allowance recorded	3,931		3,961
Recorded Investment - With an allowance recorded	904		920
Unpaid Principal Balance - With no related allowance recorded	3,931		3,961
Unpaid Principal Balance - With an allowance recorded	1,087		1,094
Related Allowance	360		369
Acquired loans recorded at fair value [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment - With no related allowance recorded	52		53
Unpaid Principal Balance - With no related allowance recorded	52		53
Acquired loans recorded at fair value [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	230	231
Average Recorded Investment - With an allowance recorded	84	86
Interest Income Recognized - With no related allowance recorded	3
Interest Income Recognized - With an allowance recorded	2	1
Recorded Investment - With no related allowance recorded	259		222
Recorded Investment - With an allowance recorded	84		84
Unpaid Principal Balance - With no related allowance recorded	263		222
Unpaid Principal Balance - With an allowance recorded	84		84
Related Allowance	5		5
Acquired loans recorded at fair value [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	11
Interest Income Recognized - With no related allowance recorded		4
Acquired loans with deteriorated credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	7,902	1,737
Average Recorded Investment - With an allowance recorded	366	185
Interest Income Recognized - With no related allowance recorded	22	23
Interest Income Recognized - With an allowance recorded	5	5
Recorded Investment - With no related allowance recorded	7,291		8,510
Recorded Investment - With an allowance recorded	365		367
Unpaid Principal Balance - With no related allowance recorded	14,421		15,846
Unpaid Principal Balance - With an allowance recorded	413		414
Related Allowance	8		9
Acquired loans with deteriorated credit [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	1,019	1,225
Average Recorded Investment - With an allowance recorded	366	185
Interest Income Recognized - With no related allowance recorded	16	16
Interest Income Recognized - With an allowance recorded	5	5
Recorded Investment - With no related allowance recorded	1,015		1,023
Recorded Investment - With an allowance recorded	365		367
Unpaid Principal Balance - With no related allowance recorded	1,571		1,579
Unpaid Principal Balance - With an allowance recorded	413		414
Related Allowance	8		9
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	6,050	512
Interest Income Recognized - With no related allowance recorded	6	$ 7
Recorded Investment - With no related allowance recorded	5,471		6,628
Unpaid Principal Balance - With no related allowance recorded	6,586		7,957
Acquired loans with deteriorated credit [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	785
Recorded Investment - With no related allowance recorded	759		810
Unpaid Principal Balance - With no related allowance recorded	6,210		6,253
Acquired loans with deteriorated credit [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment - With no related allowance recorded	48
Recorded Investment - With no related allowance recorded	46		49
Unpaid Principal Balance - With no related allowance recorded	$ 54		$ 57

XML

Loans Receivable and Allowance for Loan Losses (Troubled Debt Restructurings) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) loan	Mar. 31, 2018 USD ($) loan	Dec. 31, 2018 USD ($)
Financing Receivable, Modifications [Line Items]
Amount	$ 26,454		$ 26,613
Number of Contracts | loan		2
Pre-Modification Outstanding Recorded Investments		$ 819
Post-Modification Outstanding Recorded Investments		$ 819
Accrual [Member]
Financing Receivable, Modifications [Line Items]
Amount	23,059		22,477
Non-Accrual [Member]
Financing Receivable, Modifications [Line Items]
Amount	$ 3,395		$ 4,136
Originated loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | loan	3	1
Pre-Modification Outstanding Recorded Investments	$ 1,203	$ 640
Post-Modification Outstanding Recorded Investments	$ 1,378	$ 640
Originated loans [Member] | Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | loan	1	1
Pre-Modification Outstanding Recorded Investments	$ 181	$ 640
Post-Modification Outstanding Recorded Investments	$ 186	$ 640
Originated loans [Member] | Commercial and Multi-family [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | loan	1
Pre-Modification Outstanding Recorded Investments	$ 877
Post-Modification Outstanding Recorded Investments	$ 1,039
Originated loans [Member] | Commercial Business [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | loan	1
Pre-Modification Outstanding Recorded Investments	$ 145
Post-Modification Outstanding Recorded Investments	$ 153
Acquired loans recorded at fair value [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | loan		1
Pre-Modification Outstanding Recorded Investments		$ 179
Post-Modification Outstanding Recorded Investments		$ 179
Acquired loans recorded at fair value [Member] | Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | loan		1
Pre-Modification Outstanding Recorded Investments		$ 179
Post-Modification Outstanding Recorded Investments		$ 179

XML

Loans Receivable and Allowance for Loan Losses (Delinquency Status of Total Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 39,829	$ 29,312
Current	2,291,887	2,273,290
Total Loans Receivable	2,331,716	2,302,602
30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	29,484	15,632
60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,969	2,020
Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	7,376	11,660
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	26,194	14,072
Current	2,066,062	2,038,044
Total Loans Receivable	2,092,256	2,052,116
Originated loans [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	22,817	9,883
Originated loans [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,267	1,400
Originated loans [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,110	2,789
Originated loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	4,103	3,446
Current	210,868	209,754
Total Loans Receivable	214,971	213,200
Originated loans [Member] | Residential [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,223	980
Originated loans [Member] | Residential [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,867	1,014
Originated loans [Member] | Residential [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,013	1,452
Originated loans [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	15,234	8,361
Current	1,557,698	1,532,405
Total Loans Receivable	1,572,932	1,540,766
Originated loans [Member] | Commercial and Multi-family [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	15,234	7,074
Originated loans [Member] | Commercial and Multi-family [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		299
Originated loans [Member] | Commercial and Multi-family [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		988
Originated loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	114,462	106,187
Total Loans Receivable	114,462	106,187
Originated loans [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	6,719	1,680
Current	133,384	135,286
Total Loans Receivable	140,103	136,966
Originated loans [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	6,259	1,331
Originated loans [Member] | Commercial Business [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	400
Originated loans [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	60	349
Originated loans [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	138	585
Current	48,964	53,686
Total Loans Receivable	49,102	54,271
Originated loans [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	101	498
Originated loans [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		87
Originated loans [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	37
Originated loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	686	726
Total Loans Receivable	686	726
Acquired loans recorded at fair value [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	8,474	8,374
Current	222,693	232,788
Total Loans Receivable	231,167	241,162
Acquired loans recorded at fair value [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	6,473	5,749
Acquired loans recorded at fair value [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	656	620
Acquired loans recorded at fair value [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,345	2,005
Acquired loans recorded at fair value [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,902	3,554
Current	39,931	39,941
Total Loans Receivable	41,833	43,495
Acquired loans recorded at fair value [Member] | Residential [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	601	1,117
Acquired loans recorded at fair value [Member] | Residential [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		520
Acquired loans recorded at fair value [Member] | Residential [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,301	1,917
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,951	1,558
Current	142,771	148,681
Total Loans Receivable	145,722	150,239
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,949	1,480
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		78
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2
Acquired loans recorded at fair value [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		594
Current		1,002
Total Loans Receivable		1,596
Acquired loans recorded at fair value [Member] | Construction [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		594
Acquired loans recorded at fair value [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	3,061	1,922
Current	22,907	25,451
Total Loans Receivable	25,968	27,373
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,684	1,876
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	377
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		46
Acquired loans recorded at fair value [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	560	746
Current	17,039	17,630
Total Loans Receivable	17,599	18,376
Acquired loans recorded at fair value [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	239	682
Acquired loans recorded at fair value [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	279	22
Acquired loans recorded at fair value [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	42	42
Acquired loans recorded at fair value [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	45	83
Total Loans Receivable	45	83
Acquired loans with deteriorated credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	5,161	6,866
Current	3,132	2,458
Total Loans Receivable	8,293	9,324
Acquired loans with deteriorated credit [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	194
Acquired loans with deteriorated credit [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	46
Acquired loans with deteriorated credit [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	4,921	6,866
Acquired loans with deteriorated credit [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,380	1,390
Total Loans Receivable	1,380	1,390
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	4,868	6,012
Current	804	820
Total Loans Receivable	5,672	6,832
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	4,868	6,012
Acquired loans with deteriorated credit [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	247	806
Current	749	48
Total Loans Receivable	996	854
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	194
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	53	806
Acquired loans with deteriorated credit [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	46	48
Current	199	200
Total Loans Receivable	245	248
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 46
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due		$ 48

XML

Loans Receivable and Allowance for Loan Losses (Loan Portfolio By Pass Rating) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 2,331,716	$ 2,302,602
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,295,145	2,263,252
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	12,594	13,189
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	23,977	26,161
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	258,184
Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,724,326
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	114,462
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	167,067
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	66,946
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	731
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,092,256	2,052,116
Originated loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,069,481	2,028,144
Originated loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	8,854	8,330
Originated loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	13,921	15,642
Originated loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	214,971	213,200
Originated loans [Member] | Residential [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	209,888	207,991
Originated loans [Member] | Residential [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,022	2,400
Originated loans [Member] | Residential [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	3,061	2,809
Originated loans [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,572,932	1,540,766
Originated loans [Member] | Commercial and Multi-family [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,559,284	1,526,591
Originated loans [Member] | Commercial and Multi-family [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	4,168	3,608
Originated loans [Member] | Commercial and Multi-family [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	9,480	10,567
Originated loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	114,462	106,187
Originated loans [Member] | Construction [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	113,794	105,886
Originated loans [Member] | Construction [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	668	301
Originated loans [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	140,103	136,966
Originated loans [Member] | Commercial Business [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	137,068	133,054
Originated loans [Member] | Commercial Business [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,927	1,923
Originated loans [Member] | Commercial Business [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,108	1,989
Originated loans [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	49,102	54,271
Originated loans [Member] | Home Equity [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	48,767	53,903
Originated loans [Member] | Home Equity [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	63	91
Originated loans [Member] | Home Equity [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	272	277
Originated loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	686	726
Originated loans [Member] | Consumer [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	680	719
Originated loans [Member] | Consumer [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	6	7
Acquired loans recorded at fair value [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	231,167	241,162
Acquired loans recorded at fair value [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	224,457	233,897
Acquired loans recorded at fair value [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,445	3,747
Acquired loans recorded at fair value [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	4,265	3,518
Acquired loans recorded at fair value [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	41,833	43,495
Acquired loans recorded at fair value [Member] | Residential [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	39,811	41,009
Acquired loans recorded at fair value [Member] | Residential [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross		1
Acquired loans recorded at fair value [Member] | Residential [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,022	2,485
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	145,722	150,239
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	142,221	146,701
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,344	2,618
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,157	920
Acquired loans recorded at fair value [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross		1,596
Acquired loans recorded at fair value [Member] | Construction [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross		1,596
Acquired loans recorded at fair value [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	25,968	27,373
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	24,867	26,199
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,101	1,128
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross		46
Acquired loans recorded at fair value [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	17,599	18,376
Acquired loans recorded at fair value [Member] | Home Equity [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	17,513	18,309
Acquired loans recorded at fair value [Member] | Home Equity [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	86	67
Acquired loans recorded at fair value [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	45	83
Acquired loans recorded at fair value [Member] | Consumer [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	45	83
Acquired loans with deteriorated credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	8,293	9,324
Acquired loans with deteriorated credit [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,207	1,211
Acquired loans with deteriorated credit [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,295	1,112
Acquired loans with deteriorated credit [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,791	7,001
Acquired loans with deteriorated credit [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,380	1,390
Acquired loans with deteriorated credit [Member] | Residential [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	807	812
Acquired loans with deteriorated credit [Member] | Residential [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	559	562
Acquired loans with deteriorated credit [Member] | Residential [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	14	16
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,672	6,832
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	201	204
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	499	502
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	4,972	6,126
Acquired loans with deteriorated credit [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross
Acquired loans with deteriorated credit [Member] | Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	996	854
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross		(4)
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	237	48
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	759	810
Acquired loans with deteriorated credit [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	245	248
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	199	199
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	46	$ 49
Acquired loans with deteriorated credit [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross

XML

Stockholders' Equity (Narrative) (Details) - USD ($)	Feb. 25, 2019	Jan. 30, 2019	May 16, 2018	Apr. 17, 2018
IA Bancorp [Member]
Stock issued in acquisition				$ 631,896
Common Stock [Member]
Shares issued upon conversion			82,950
Proceeds from issuance of private placement	$ 6,272,000
Shares issued	496,224
Common Stock [Member] | Directors And Officers [Member]
Shares issued	286,244
Common Stock [Member] | IA Bancorp [Member]
Stock issued in acquisition				9,952,000
Series E Preferred Stock [Member]
Conversion of stock, shares converted			438,889
Series E Preferred Stock [Member] | IA Bancorp [Member]
Stock issued in acquisition				$ 438,889
Preferred stock, dividend rate				6.00%
Series F Preferred Stock [Member] | IA Bancorp [Member]
Stock issued in acquisition				$ 6,465
Preferred stock, dividend rate				6.00%
Series G Preferred Stock [Member]
Preferred stock, dividend rate		6.00%
Proceeds from issuance of private placement		$ 5,330,000
Shares issued		533

XML

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($)	3 Months Ended	15 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Impairment of intangible assets	$ 0	$ 0
Amortization expense	19,000
Intangible assets, net	$ 352,000	352,000
Goodwill			$ 5,200,000
Core Deposit Intangibles [Member]
Intangible asset, useful life	10 years
Amortization expense		$ 78,000

XML

Fair Values of Financial Instruments (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers between fair value hierarchy	$ 0	$ 0
Impaired loans	7,573,000		$ 9,469,000
Valuation allowance	1,296,000		2,181,000
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	7,600,000		9,500,000
Valuation allowance	$ 1,300,000		$ 2,200,000

XML

Fair Values of Financial Instruments (Fair Value Measurements, Recurring) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	$ 117,942	$ 119,335
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	117,942	119,335
Equity Securities Available for Sale	7,963	7,672
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities Available for Sale	7,963	7,672
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Equity Securities Available for Sale	7,963	7,672
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	117,942	119,335
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	117,942	119,335
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Equity Securities Available for Sale
Mortgage-backed securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	114,211	115,640
Mortgage-backed securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Mortgage-backed securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	114,211	115,640
Mortgage-backed securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Municipal Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	3,731	3,695
Municipal Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Municipal Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale	3,731	3,695
Municipal Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities Available for Sale
Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities Available for Sale	7,963	7,672
Preferred Stock [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities Available for Sale	7,963	7,672
Preferred Stock [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities Available for Sale

XML

Fair Values of Financial Instruments (Fair Value Measurements, Nonrecurring) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 1,746	$ 1,333
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	6,277	7,288
Other real estate owned	1,746	1,333
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	6,277	7,288
Impaired Loans [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans
Impaired Loans [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	6,277	7,288
Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	1,746	1,333
Other Real Estate Owned [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Other Real Estate Owned [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 1,746	$ 1,333

XML

Fair Values of Financial Instruments (Quantitative Information about Level 3 Fair Value Measurements) (Details)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 1,746,000	$ 1,333,000
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	6,277,000	7,288,000
Other real estate owned	$ 1,746,000	$ 1,333,000
Minimum [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, measurement input	0	0.00
Other real estate owned, measurement input	0	0
Maximum [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, measurement input	10	10.00
Other real estate owned, measurement input	10	10

XML

Fair Values of Financial Instruments (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available for sale	$ 117,942	$ 119,335
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	193,548	195,264
Interest-earning time deposits	735	735
Debt securities available for sale	117,942	119,335
Equity investments	7,963	7,672
Loans held for sale	1,347	1,153
Loans receivable, net	2,307,140	2,278,492
FHLB of New York stock, at cost	13,405	13,405
Accrued interest receivable	9,750	8,378
Other Real Estate Owned	1,746	1,333
Deposits	2,188,633	2,180,724
Borrowings	245,800	245,800
Subordinated debentures	36,635	36,577
Accrued interest payable	2,297	2,561
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	193,548	195,264
Interest-earning time deposits	735	735
Debt securities available for sale	117,942	119,335
Equity investments	7,963	7,672
Loans held for sale	1,347	1,153
Loans receivable, net	2,291,599	2,245,150
FHLB of New York stock, at cost	13,405	13,405
Accrued interest receivable	9,750	8,378
Other Real Estate Owned	1,746	1,333
Deposits	2,197,683	2,189,404
Borrowings	245,305	244,049
Subordinated debentures	36,561	36,316
Accrued interest payable	2,297	2,561
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	193,548	195,264
Interest-earning time deposits	735	735
Equity investments	7,963	7,672
Deposits	1,106,248	1,075,539
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available for sale	117,942	119,335
Loans held for sale	1,347	1,153
FHLB of New York stock, at cost	13,405	13,405
Accrued interest receivable	9,750	8,378
Deposits	1,091,435	1,113,865
Borrowings	245,305	244,049
Subordinated debentures	36,561	36,316
Accrued interest payable	2,297	2,561
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, net	2,291,599	2,245,150
Other Real Estate Owned	$ 1,746	$ 1,333

XML

Subordinated Debt (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Jul. 30, 2018
Trust Preferred Securities Subject to Mandatory Redemption [Member]
Subordinated Borrowing [Line Items]
Trust preferred securities	$ 4,124,000
Fixed To Floating Rate Subordinated Debentures [Member]
Subordinated Borrowing [Line Items]
Face amount		$ 33,500,000
Notes term	10 years
Redemption restriction period	5 years
Deferred finance costs	$ 989,000
Fixed To Floating Rate Subordinated Debentures [Member] | First Five Years [Member]
Subordinated Borrowing [Line Items]
Interest rate	5.625%
Fixed To Floating Rate Subordinated Debentures [Member] | After Five Years [Member]
Subordinated Borrowing [Line Items]
Variable interest rate spread	2.72%

XML

Lease Obligations (Right-of-Use Asset and Related Liability) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Lease Obligations [Abstract]
Operating Leases, Assets	$ 15,346
Operating Lease, Liabilities	$ 15,381

XML

Lease Obligations (Schedule of Lease Information) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Lease Obligations [Abstract]
Operating lease cost	$ 750
Variable lease cost-operating leases	132
Right-of-use assets obtained in exchange for lease obligations, Operating leases	15,991
Operating lease right-of-use assets	15,346
Current liabilities	2,650
Operating lease liabilities (noncurrent portion)	12,731
Total operating lease liabilities	$ 15,381

XML

Lease Obligations (Summary of Lease Terms and Discount Rate) (Details)	Mar. 31, 2019
Lease Obligations [Abstract]
Weighted Average Remaining Lease Term, Operating leases	7 years
Weighted Average Discount Rate, Operating leases	3.15%

XML

Lease Obligations (Summary of Maturity of Operating and Finance Leases) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Lease Obligations [Abstract]
2020	$ 3,089
2021	2,947
2022	2,652
2023	2,342
2024	1,662
Thereafter	4,592
Total lease payments	17,284
Less imputed interest	(1,903)
Total	$ 15,381

XML

Subsequent Events (Narrative) (Details) - shares	Apr. 25, 2019	Mar. 31, 2019	Dec. 31, 2018
Subsequent Event [Line Items]
Common stock, shares authorized		20,000,000	20,000,000
Capital stock, shares authorized		30,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, shares authorized	40,000,000
Capital stock, shares authorized	50,000,000