Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Loans and Allowance for Loan Losses [Abstract]

Recorded investment in loans by loan class

The following table presents the recorded investment in loans by loan class:

	June 30, 2012
(dollars in thousands)	New York and
	other states*		Florida		Total
Commercial:
Commercial real estate	$	183,365		24,696		208,061
Other		27,170		116		27,286
Real estate mortgage - 1 to 4 family:
First mortgages		1,756,019		205,547		1,961,566
Home equity loans		40,493		987		41,480
Home equity lines of credit		288,915		28,242		317,157
Installment		4,009		62		4,071
Total loans, net	$	2,299,971		259,650		2,559,621
Less: Allowance for loan losses						48,018
Net loans					$	2,511,603

	December 31, 2011
(dollars in thousands)	New York and
	other states*		Florida		Total
Commercial:
Commercial real estate	$	189,101		25,226		214,327
Other		33,734		102		33,836
Real estate mortgage - 1 to 4 family:
First mortgages		1,731,127		177,518		1,908,645
Home equity loans		46,082		1,224		47,306
Home equity lines of credit		285,762		27,276		313,038
Installment		4,078		73		4,151
Total loans, net	$	2,289,884		231,419		2,521,303
Less: Allowance for loan losses						48,717
Net loans					$	2,472,586

* Includes New York, New Jersey, Vermont and Massachusetts.

Recorded investment in non-accrual loans by loan class

The following tables present the recorded investment in non-accrual loans by loan class:

	June 30, 2012
(dollars in thousands)	New York and
	other states*		Florida		Total
Loans in nonaccrual status:
Commercial:
Commercial real estate	$	5,530		8,435		13,965
Other		126		-		126
Real estate mortgage - 1 to 4 family:
First mortgages		25,296		7,525		32,821
Home equity loans		582		42		624
Home equity lines of credit		3,289		387		3,676
Installment		1		1		2
Total non-accrual loans		34,824		16,390		51,214
Other nonperforming real estate mortgages - 1 to 4 family		243		-		243
Total nonperforming loans	$	35,067		16,390		51,457

	December 31, 2011
(dollars in thousands)	New York and
	other states*		Florida		Total
Loans in nonaccrual status:
Commercial:
Commercial real estate	$	4,968		5,000		9,968
Other		13		-		13
Real estate mortgage - 1 to 4 family:
First mortgages		24,392		9,862		34,254
Home equity loans		968		57		1,025
Home equity lines of credit		2,460		743		3,203
Installment		3		-		3
Total non-accrual loans		32,804		15,662		48,466
Other nonperforming real estate mortgages - 1 to 4 family		312		-		312
Total nonperforming loans	$	33,116		15,662		48,778

* Includes New York, New Jersey, Vermont and Massachusetts.

Aging of the recorded investment in past due loans by loan class and by region

The following tables present the aging of the recorded investment in past due loans by loan class and by region:

	June 30, 2012
New York and other states*:
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total 30+ days Past Due		Current		Total Loans
Commercial:
Commercial real estate	$	228		68		3,132		3,428		179,937		183,365
Other		22		6		98		126		27,044		27,170
Real estate mortgage - 1 to 4 family:
First mortgages		3,859		2,947		20,172		26,978		1,729,041		1,756,019
Home equity loans		343		110		449		902		39,591		40,493
Home equity lines of credit		632		307		2,612		3,551		285,364		288,915
Installment		82		16		-		98		3,911		4,009
Total	$	5,166		3,454		26,463		35,083		2,264,888		2,299,971

Florida:
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total 30+ days Past Due		Current		Total Loans
Commercial:
Commercial real estate	$	-		-		8,435		8,435		16,261		24,696
Other		-		-		-		-		116		116
Real estate mortgage - 1 to 4 family:
First mortgages		666		1,312		5,981		7,959		197,588		205,547
Home equity loans		64		-		42		106		881		987
Home equity lines of credit		288		236		328		852		27,390		28,242
Installment		11		-		1		12		50		62
Total	$	1,029		1,548		14,787		17,364		242,286		259,650

	December 31, 2011
New York and other states*:
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total 30+ days Past Due		Current		Total Loans
Commercial:
Commercial real estate	$	400		-		3,157		3,557		185,544		189,101
Other		-		-		-		-		33,734		33,734
Real estate mortgage - 1 to 4 family:
First mortgages		7,850		2,313		20,294		30,457		1,700,670		1,731,127
Home equity loans		186		32		852		1,070		45,012		46,082
Home equity lines of credit		871		473		2,371		3,715		282,047		285,762
Installment		29		4		2		35		4,043		4,078
Total	$	9,336		2,822		26,676		38,834		2,251,050		2,289,884

Florida:
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total 30+ days Past Due		Current		Total Loans
Commercial:
Commercial real estate	$	1,042		-		5,000		6,042		19,184		25,226
Other		-		-		-		-		102		102
Real estate mortgage - 1 to 4 family:
First mortgages		813		1,502		8,973		11,288		166,230		177,518
Home equity loans		68		-		65		133		1,091		1,224
Home equity lines of credit		100		91		684		875		26,401		27,276
Installment		1		-		-		1		72		73
Total	$	2,024		1,593		14,722		18,339		213,080		231,419

The following tables present the aging of the recorded investment in past due loans by loan class and by region:

	June 30, 2012
New York and other states*:	30-59			60-89	90+		Total
	Days		Days		Days		30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	228		68		3,132		3,428		179,937		183,365
Other		22		6		98		126		27,044		27,170
Real estate mortgage - 1 to 4 family:
First mortgages		3,859		2,947		20,172		26,978		1,729,041		1,756,019
Home equity loans		343		110		449		902		39,591		40,493
Home equity lines of credit		632		307		2,612		3,551		285,364		288,915
Installment		82		16		-		98		3,911		4,009
Total	$	5,166		3,454		26,463		35,083		2,264,888		2,299,971

Florida:	30-59		60-89		90+		Total
	Days		Days		Days		30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	-		-		8,435		8,435		16,261		24,696
Other		-		-		-		-		116		116
Real estate mortgage - 1 to 4 family:
First mortgages		666		1,312		5,981		7,959		197,588		205,547
Home equity loans		64		-		42		106		881		987
Home equity lines of credit		288		236		328		852		27,390		28,242
Installment		11		-		1		12		50		62
Total	$	1,029		1,548		14,787		17,364		242,286		259,650

	December 31, 2011
New York and other states*:	30-59		60-89		90+		Total
	Days		Days		Days		30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	400		-		3,157		3,557		185,544		189,101
Other		-		-		-		-		33,734		33,734
Real estate mortgage - 1 to 4 family:
First mortgages		7,850		2,313		20,294		30,457		1,700,670		1,731,127
Home equity loans		186		32		852		1,070		45,012		46,082
Home equity lines of credit		871		473		2,371		3,715		282,047		285,762
Installment		29		4		2		35		4,043		4,078
Total	$	9,336		2,822		26,676		38,834		2,251,050		2,289,884

Florida:	30-59		60-89		90+		Total
	Days		Days		Days		30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	1,042		-		5,000		6,042		19,184		25,226
Other		-		-		-		-		102		102
Real estate mortgage - 1 to 4 family:
First mortgages		813		1,502		8,973		11,288		166,230		177,518
Home equity loans		68		-		65		133		1,091		1,224
Home equity lines of credit		100		91		684		875		26,401		27,276
Installment		1		-		-		1		72		73
Total	$	2,024		1,593		14,722		18,339		213,080		231,419

Activity in the allowance for loan losses by portfolio segment

Activity in the allowance for loan losses by portfolio segment, is summarized as follows:

(dollars in thousands)	For the three months ended June 30, 2012
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment		Total
Balance at beginning of period	$	3,602		44,851		82		48,535
Loans charged off:
New York and other states*		715		1,956		22		2,693
Florida		288		674		-		962
Total loan chargeoffs		1,003		2,630		22		3,655
Recoveries of loans previously charged off:
New York and other states*		2		112		15		129
Florida		-		9		-		9
Total recoveries		2		121		15		138
Net loans charged off		1,001		2,509		7		3,517
Provision for loan losses		1,191		1,805		4		3,000
Balance at end of period	$	3,792		44,147		79		48,018

(dollars in thousands)	For the three months ended June 30, 2011
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment			Total
Balance at beginning of period	$	4,150		39,336		194			43,680
Loans charged off:
New York and other states*		19		810		26			855
Florida		600		1,741		-			2,341
Total loan chargeoffs		619		2,551		26			3,196
Recoveries of loans previously charged off:
New York and other states*		51		131		18			200
Florida		1		26		-			27
Total recoveries		52		157		18			227
Net loans charged off		567		2,394		8			2,969
Provision for loan losses		581		4,302		(33	)		4,850
Balance at end of period	$	4,164		41,244		153			45,561

(dollars in thousands)	For the six months ended June 30, 2012
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment			Total
Balance at beginning of period	$	4,140		44,479		98			48,717
Loans charged off:
New York and other states*		1,039		3,213		30			4,282
Florida		456		2,349		-			2,805
Total loan chargeoffs		1,495		5,562		30			7,087
Recoveries of loans previously charged off:
New York and other states*		5		233		31			269
Florida		8		11		-			19
Total recoveries		13		244		31			288
Net loans charged off		1,482		5,318		(1	)		6,799
Provision for loan losses		1,134		4,986		(20	)		6,100
Balance at end of period	$	3,792		44,147		79			48,018

(dollars in thousands)	For the six months ended June 30, 2011
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment			Total
Balance at beginning of period	$	4,227		37,448		236			41,911
Loans charged off:
New York and other states*		69		1,815		48			1,932
Florida		600		3,618		1			4,219
Total loan chargeoffs		669		5,433		49			6,151
Recoveries of loans previously charged off:
New York and other states*		51		237		31			319
Florida		4		27		1			32
Total recoveries		55		264		32			351
Net loans charged off		614		5,169		17			5,800
Provision for loan losses		551		8,965		(66	)		9,450
Balance at end of period	$	4,164		41,244		153			45,561

Activity in the allowance for loan losses by portfolio segment, is summarized as follows:

(dollars in thousands)	For the three months ended June 30, 2012
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment		Total
Balance at beginning of period	$	3,602		44,851		82		48,535
Loans charged off:
New York and other states*		715		1,956		22		2,693
Florida		288		674		-		962
Total loan chargeoffs		1,003		2,630		22		3,655
Recoveries of loans previously charged off:
New York and other states*		2		112		15		129
Florida		-		9		-		9
Total recoveries		2		121		15		138
Net loans charged off		1,001		2,509		7		3,517
Provision for loan losses		1,191		1,805		4		3,000
Balance at end of period	$	3,792		44,147		79		48,018

(dollars in thousands)	For the three months ended June 30, 2011
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment			Total
Balance at beginning of period	$	4,150		39,336		194			43,680
Loans charged off:
New York and other states*		19		810		26			855
Florida		600		1,741		-			2,341
Total loan chargeoffs		619		2,551		26			3,196
Recoveries of loans previously charged off:
New York and other states*		51		131		18			200
Florida		1		26		-			27
Total recoveries		52		157		18			227
Net loans charged off		567		2,394		8			2,969
Provision for loan losses		581		4,302		(33	)		4,850
Balance at end of period	$	4,164		41,244		153			45,561

(dollars in thousands)	For the six months ended June 30, 2012
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment			Total
Balance at beginning of period	$	4,140		44,479		98			48,717
Loans charged off:
New York and other states*		1,039		3,213		30			4,282
Florida		456		2,349		-			2,805
Total loan chargeoffs		1,495		5,562		30			7,087
Recoveries of loans previously charged off:
New York and other states*		5		233		31			269
Florida		8		11		-			19
Total recoveries		13		244		31			288
Net loans charged off		1,482		5,318		(1	)		6,799
Provision for loan losses		1,134		4,986		(20	)		6,100
Balance at end of period	$	3,792		44,147		79			48,018

(dollars in thousands)	For the six months ended June 30, 2011
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment			Total
Balance at beginning of period	$	4,227		37,448		236			41,911
Loans charged off:
New York and other states*		69		1,815		48			1,932
Florida		600		3,618		1			4,219
Total loan chargeoffs		669		5,433		49			6,151
Recoveries of loans previously charged off:
New York and other states*		51		237		31			319
Florida		4		27		1			32
Total recoveries		55		264		32			351
Net loans charged off		614		5,169		17			5,800
Provision for loan losses		551		8,965		(66	)		9,450
Balance at end of period	$	4,164		41,244		153			45,561

Allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method:

	June 30, 2012
			Real Estate Mortgage-
	Commercial Loans		1 to 4 Family		Installment Loans		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-		-		-		-
Collectively evaluated for impairment		3,792		44,147		79		48,018
Total ending allowance balance	$	3,792		44,147		79		48,018
Loans:
Individually evaluated for impairment	$	14,091		4,951		-		19,042
Collectively evaluated for impairment		221,256		2,315,252		4,071		2,540,579
Total ending loans balance	$	235,347		2,320,203		4,071		2,559,621

	December 31, 2011
			Real Estate Mortgage-
	Commercial Loans		1 to 4 Family		Installment Loans		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-		-		-		-
Collectively evaluated for impairment		4,140		44,479		98		48,717
Total ending allowance balance	$	4,140		44,479		98		48,717
Loans:
Individually evaluated for impairment	$	9,981		3,730		-		13,711
Collectively evaluated for impairment		238,182		2,265,259		4,151		2,507,592
Total ending loans balance	$	248,163		2,268,989		4,151		2,521,303

Impaired loans by loan class

The following tables present impaired loans by loan class as of June 30, 2012 and December 31, 2011:

	June 30, 2012
New York and other states*:			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
(dollars in thousands)	Investment		Balance		Allowance		Investment		Recognized
Commercial:
Commercial real estate	$	5,530		5,958		-		5,411		-
Other		126		116		-		90		-
Real estate mortgage - 1 to 4 family:
First mortgages		3,777		4,407		-		3,345		11
Home equity loans		141		198		-		143		-
Home equity lines of credit		106		180		-		53		-
Total	$	9,680		10,859		-		9,042		11

Florida:			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
(dollars in thousands)	Investment		Balance		Allowance		Investment		Recognized
Commercial:
Commercial real estate	$	8,435		12,190		-		7,133		-
Other		-		6		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		927		1,737		-		660		-
Home equity lines of credit		-		-		-		-		-
Total	$	9,362		13,933		-		7,793		-

	December 31, 2011
New York and other states*:			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
(dollars in thousands)	Investment		Balance		Allowance		Investment		Recognized
Commercial:
Commercial real estate	$	4,968		5,684		-		5,198		-
Other		13		32		-		56		-
Real estate mortgage - 1 to 4 family:
First mortgages		2,874		3,299		-		1,664		30
Home equity loans		151		199		-		69		3
Home equity lines of credit		-		75		-		-		2
Total	$	8,006		9,289		-		6,987		35

Florida:			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
(dollars in thousands)	Investment		Balance		Allowance		Investment		Recognized
Commercial:
Commercial real estate	$	5,000		9,042		-		6,774		-
Other		-		-		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		705		1,301		-		224		-
Total	$	5,705		10,343		-		6,998		-

Modified loans by class that were determined to be TDR's

The following tables present modified loans by class that were determined to be TDR's that occurred during the three months and the twelve months ended June 30, 2012:

	During the three months ended June 30, 2012
New York and other states*:
(dollars in thousands)	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial:
Commercial real estate		-	$	-		-
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		9		890		853
Home equity loans		1		5		5
Home equity lines of credit		1		106		106
Total		11	$	1,001		964

Florida:
(dollars in thousands)	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial:
Commercial real estate		-	$	-		-
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		4		403		386
Total		4	$	403		386

	During the twelve months ended June 30, 2012
New York and other states*:
(dollars in thousands)	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial:
Commercial real estate		1	$	91		90
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		27		3,348		2,831
Home equity loans		4		125		103
Home equity lines of credit		1		106		106
Total		33	$	3,670		3,130

Florida:
(dollars in thousands)	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial:
Commercial real estate		-	$	-		-
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		9		1,085		926
Total		9	$	1,085		926

The following tables present modified loans by class that were determined to be TDR's that occurred during the three months and the twelve months ended June 30, 2012:

	During the three months ended June 30, 2012
New York and other states*:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification
					Outstanding
					Recorded
(dollars in thousands)					Investment
Commercial:
Commercial real estate		-	$	-		-
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		9		890		853
Home equity loans		1		5		5
Home equity lines of credit		1		106		106
Total		11	$	1,001		964

Florida:			Pre-Modification		Post-Modification
			Outstanding		Outstanding
	Number of		Recorded		Recorded
(dollars in thousands)	Contracts		Investment		Investment
Commercial:
Commercial real estate		-	$	-		-
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		4		403		386
Total		4	$	403		386

	During the twelve months ended June 30, 2012
New York and other states*:			Pre-Modification		Post-Modification
			Outstanding		Outstanding
	Number of		Recorded		Recorded
(dollars in thousands)	Contracts		Investment		Investment
Commercial:
Commercial real estate		1	$	91		90
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		27		3,348		2,831
Home equity loans		4		125		103
Home equity lines of credit		1		106		106
Total		33	$	3,670		3,130

Florida:			Pre-Modification		Post-Modification
			Outstanding		Outstanding
	Number of		Recorded		Recorded
(dollars in thousands)	Contracts		Investment		Investment
Commercial:
Commercial real estate		-	$	-		-
Other		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		9		1,085		926
Total		9	$	1,085		926

Loans by class modified as TDR's for which there was a payment default

The following table presents loans by class modified as TDR's that occurred during the twelve months ended June 30, 2012 for which there was a payment default during the same period:

New York and other states*:	Number of		Recorded
(dollars in thousands)	Contracts		Investment
Commercial:
Commercial real estate		-	$	-
Other		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		24		2,560
Home equity loans		3		98
Home equity lines of credit		-		-
Total		27	$	2,658

Florida:
	Number of		Recorded
(dollars in thousands)	Contracts		Investment
Commercial:
Commercial real estate		-	$	-
Other		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		9		926
Total		9	$	926

Risk category of loans by class of loans

Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

	As of June 30, 2012
New York and other states*:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	172,628		10,737		183,365
Other		26,994		176		27,170
	$	199,622		10,913		210,535

Florida:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	13,661		11,035		24,696
Other		116		-		116
	$	13,777		11,035		24,812

	As of December 31, 2011
New York and other states*:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	181,809		7,384		189,193
Other		33,721		13		33,734
	$	215,530		7,397		222,927

Florida:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	17,534		7,600		25,134
Other		102		-		102
	$	17,636		7,600		25,236

Based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

	As of June 30, 2012
New York and other states*:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	172,628		10,737		183,365
Other		26,994		176		27,170
	$	199,622		10,913		210,535

Florida:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	13,661		11,035		24,696
Other		116		-		116
	$	13,777		11,035		24,812

	As of December 31, 2011
New York and other states*:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	181,809		7,384		189,193
Other		33,721		13		33,734
	$	215,530		7,397		222,927

Florida:	Pass		Classified		Total
(dollars in thousands)
Commercial:
Commercial real estate	$	17,534		7,600		25,134
Other		102		-		102
	$	17,636		7,600		25,236