Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2015

Subordinated Borrowings [Abstract]

Schedule of Subordinated Borrowings

The following table summarizes the key details of the Company’s subordinated debentures as of December 31, 2015 and December 31, 2014 (dollar amounts in thousands):

	NYM Preferred Trust I		NYM Preferred Trust II
Principal value of trust preferred securities	$	25,000	$	20,000
Interest Rate	Three month LIBOR plus 3.75%, resetting quarterly		Three month LIBOR plus 3.95%, resetting quarterly
Scheduled maturity	March 30, 2035		October 30, 2035