Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2014

Loans and Allowance for Loan Losses [Abstract]

Recorded investment in loans by loan class

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

	December 31, 2014
(dollars in thousands)	New York and
	other states*		Florida		Total
Commercial:
Commercial real estate	$	174,788		19,336		194,124
Other		29,200		58		29,258
Real estate mortgage - 1 to 4 family:
First mortgages		2,041,140		476,427		2,517,567
Home equity loans		51,713		5,942		57,655
Home equity lines of credit		308,764		43,370		352,134
Installment		6,774		820		7,594
Total loans, net	$	2,612,379		545,953		3,158,332
Less: Allowance for loan losses						46,327
Net loans					$	3,112,005

	December 31, 2013
(dollars in thousands)	New York and
	other states*		Florida		Total
Commercial:
Commercial real estate	$	169,722		21,404		191,126
Other		32,323		32		32,355
Real estate mortgage - 1 to 4 family:
First mortgages		1,909,447		378,361		2,287,808
Home equity loans		47,494		3,642		51,136
Home equity lines of credit		304,044		36,445		340,489
Installment		5,292		603		5,895
Total loans, net	$	2,468,322		440,487		2,908,809
Less: Allowance for loan losses						47,714
Net loans					$	2,861,095

* 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:

	December 31, 2014
(dollars in thousands)	New York and
	other states		Florida		Total
Loans in non-accrual status:
Commercial:
Commercial real estate	$	3,835		-		3,835
Real estate mortgage - 1 to 4 family:
First mortgages		23,643		2,488		26,131
Home equity loans		349		-		349
Home equity lines of credit		3,229		252		3,481
Installment		77		13		90
Total non-accrual loans		31,133		2,753		33,886
Restructured real estate mortgages - 1 to 4 family		125		-		125
Total nonperforming loans	$	31,258		2,753		34,011

	December 31, 2013
(dollars in thousands)	New York and
	other states		Florida		Total
Loans in non-accrual status:
Commercial:
Commercial real estate	$	6,620		-		6,620
Other		332		-		332
Real estate mortgage - 1 to 4 family:
First mortgages		26,713		4,781		31,494
Home equity loans		691		-		691
Home equity lines of credit		3,641		356		3,997
Installment		93		-		93
Total non-accrual loans		38,090		5,137		43,227
Restructured real estate mortgages - 1 to 4 family		166		-		166
Total nonperforming loans	$	38,256		5,137		43,393

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 as of December 31, 2014 and 2013:

New York and other states:
	December 31, 2014
(dollars in thousands)		30-59		60-89		90	+	Total
	Days		Days		Days			30+ days				Total
	Past Due		Past Due		Past Due			Past Due		Current		Loans
Commercial:
Commercial real estate	$	618		52		2,627			3,297		171,491		174,788
Other		-		-		-			-		29,200		29,200
Real estate mortgage - 1 to 4 family:
First mortgages		3,340		3,874		16,782			23,996		2,017,144		2,041,140
Home equity loans		141		59		337			537		51,176		51,713
Home equity lines of credit		568		342		1,198			2,108		306,656		308,764
Installment		79		10		58			147		6,627		6,774
Total	$	4,746		4,337		21,002			30,085		2,582,294		2,612,379

Florida:
(dollars in thousands)		30-59		60-89		90	+	Total
	Days		Days		Days			30+ days				Total
	Past Due		Past Due		Past Due			Past Due		Current		Loans
Commercial:
Commercial real estate	$	-		-		-			-		19,336		19,336
Other		-		-		-			-		58		58
Real estate mortgage - 1 to 4 family:
First mortgages		801		283		1,225			2,309		474,118		476,427
Home equity loans		-		-		-			-		5,942		5,942
Home equity lines of credit		173		-		116			289		43,081		43,370
Installment		17		-		-			17		803		820
Total	$	991		283		1,341			2,615		543,338		545,953

Total:
(dollars in thousands)		30-59		60-89		90	+	Total
	Days		Days		Days			30+ days				Total
	Past Due		Past Due		Past Due			Past Due		Current		Loans
Commercial:
Commercial real estate	$	618		52		2,627			3,297		190,827		194,124
Other		-		-		-			-		29,258		29,258
Real estate mortgage - 1 to 4 family:
First mortgages		4,141		4,157		18,007			26,305		2,491,262		2,517,567
Home equity loans		141		59		337			537		57,118		57,655
Home equity lines of credit		741		342		1,314			2,397		349,737		352,134
Installment		96		10		58			164		7,430		7,594
Total	$	5,737		4,620		22,343			32,700		3,125,632		3,158,332

New York and other states:
	December 31, 2013
(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	$	583		1,426		3,379		5,388		164,334		169,722
Other		209		-		123		332		31,991		32,323
Real estate mortgage - 1 to 4 family:
First mortgages		4,664		2,042		17,624		24,330		1,885,117		1,909,447
Home equity loans		46		18		552		616		46,878		47,494
Home equity lines of credit		1,014		331		1,897		3,242		300,802		304,044
Installment		85		12		77		174		5,118		5,292
Total	$	6,601		3,829		23,652		34,082		2,434,240		2,468,322

Florida:
(dollars in thousands)		30-59		60-89		90	+	Total
	Days		Days		Days			30+ days				Total
	Past Due		Past Due		Past Due			Past Due		Current		Loans
Commercial:
Commercial real estate	$	-		-		-			-		21,404		21,404
Other		-		-		-			-		32		32
Real estate mortgage - 1 to 4 family:
First mortgages		552		-		4,229			4,781		373,580		378,361
Home equity loans		-		-		-			-		3,642		3,642
Home equity lines of credit		109		-		247			356		36,089		36,445
Installment		-		2		-			2		601		603
Total	$	661		2		4,476			5,139		435,348		440,487

Total:
(dollars in thousands)		30-59		60-89		90	+	Total
	Days		Days		Days			30+ days				Total
	Past Due		Past Due		Past Due			Past Due		Current		Loans
Commercial:
Commercial real estate	$	583		1,426		3,379			5,388		185,738		191,126
Other		209		-		123			332		32,023		32,355
Real estate mortgage - 1 to 4 family:
First mortgages		5,216		2,042		21,853			29,111		2,258,697		2,287,808
Home equity loans		46		18		552			616		50,520		51,136
Home equity lines of credit		1,123		331		2,144			3,598		336,891		340,489
Installment		85		14		77			176		5,719		5,895
Total	$	7,262		3,831		28,128			39,221		2,869,588		2,908,809

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 year ended December 31, 2014
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment		Total
Balance at beginning of period	$	4,019		43,597		98		47,714
Loans charged off:
New York and other states*		397		5,485		201		6,083
Florida		613		835		13		1,461
Total loan chargeoffs		1,010		6,320		214		7,544
Recoveries of loans previously charged off:
New York and other states*		34		442		28		504
Florida		480		69		4		553
Total recoveries		514		511		32		1,057
Net loans charged off		496		5,809		182		6,487
Provision for loan losses		548		4,300		252		5,100
Balance at end of period	$	4,071		42,088		168		46,327

(dollars in thousands)	For the year ended December 31, 2013
			Real Estate
			Mortgage-
	Commercial		1 to 4 Family		Installment		Total
Balance at beginning of period	$	3,771		44,069		87		47,927
Loans charged off:
New York and other states*		1,072		6,572		68		7,712
Florida		100		1,020		6		1,126
Total loan chargeoffs		1,172		7,592		74		8,838
Recoveries of loans previously charged off:
New York and other states*		14		715		17		746
Florida		505		374		-		879
Total recoveries		519		1,089		17		1,625
Net loans charged off		653		6,503		57		7,213
Provision for loan losses		901		6,031		68		7,000
Balance at end of period	$	4,019		43,597		98		47,714

(dollars in thousands)	For the year ended December 31, 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*		1,307		6,919		128		8,354
Florida		1,192		3,920		13		5,125
Total loan chargeoffs		2,499		10,839		141		13,479
Recoveries of loans previously charged off:
New York and other states*		112		375		49		536
Florida		26		127		-		153
Total recoveries		138		502		49		689
Net loans charged off		2,361		10,337		92		12,790
Provision for loan losses		1,992		9,927		81		12,000
Balance at end of period	$	3,771		44,069		87		47,927

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 as of December 31, 2014 and 2013:

	December 31, 2014
(dollars in thousands)			1-to-4 Family
	Commercial Loans		Residential Real Estate		Installment Loans		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-		-		-		-
Collectively evaluated for impairment		4,071		42,088		168		46,327
Total ending allowance balance	$	4,071		42,088		168		46,327
Loans:
Individually evaluated for impairment	$	4,129		22,406		-		26,535
Collectively evaluated for impairment		219,253		2,904,950		7,594		3,131,797
Total ending loans balance	$	223,382		2,927,356		7,594		3,158,332

	December 31, 2013
(dollars in thousands)			1-to-4 Family
	Commercial Loans		Residential Real Estate		Installment Loans		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-		-		-		-
Collectively evaluated for impairment		4,019		43,597		98		47,714
Total ending allowance balance	$	4,019		43,597		98		47,714
Loans:
Individually evaluated for impairment	$	8,082		21,258		-		29,340
Collectively evaluated for impairment		215,399		2,658,175		5,895		2,879,469
Total ending loans balance	$	223,481		2,679,433		5,895		2,908,809

Impaired loans by loan class

The following tables present impaired loans by loan class as of December 31, 2014, 2013 and 2012:

New York and other states:
	December 31, 2014
(dollars in thousands)			Unpaid				Average
	Recorded		Principal		Related		Recorded
	Investment		Balance		Allowance		Investment
Commercial:
Commercial real estate	$	4,129		5,499		-		4,798
Other		-		-		-		61
Real estate mortgage - 1 to 4 family:
First mortgages		17,579		18,689		-		17,261
Home equity loans		366		410		-		454
Home equity lines of credit		2,492		2,778		-		2,578
Total	$	24,566		27,376		-		25,152

Florida:
(dollars in thousands)			Unpaid				Average
	Recorded		Principal		Related		Recorded
	Investment		Balance		Allowance		Investment
Commercial:
Commercial real estate	$	-		-		-		577
Other		-		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		1,289		1,380		-		1,422
Home equity loans		56		56		-		5
Home equity lines of credit		624		773		-		581
Total	$	1,969		2,209		-		2,585

Total:
(dollars in thousands)			Unpaid				Average
	Recorded		Principal		Related		Recorded
	Investment		Balance		Allowance		Investment
Commercial:
Commercial real estate	$	4,129		5,499		-		5,375
Other		-		-		-		61
Real estate mortgage - 1 to 4 family:
First mortgages		18,868		20,069		-		18,683
Home equity loans		422		466		-		459
Home equity lines of credit		3,116		3,551		-		3,159
Total	$	26,535		29,585		-		27,737

New York and other states:
	December 31, 2013
(dollars in thousands)			Unpaid				Average
	Recorded		Principal		Related		Recorded
	Investment		Balance		Allowance		Investment
Commercial:
Commercial real estate	$	6,620		8,039		-		6,013
Other		332		332		-		165
Real estate mortgage - 1 to 4 family:
First mortgages		16,257		17,353		-		14,706
Home equity loans		561		614		-		636
Home equity lines of credit		2,528		2,825		-		2,051
Total	$	26,298		29,163		-		23,571

Florida:
(dollars in thousands)			Unpaid				Average
	Recorded		Principal		Related		Recorded
	Investment		Balance		Allowance		Investment
Commercial:
Commercial real estate	$	1,130		1,130		-		1,401
Other		-		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		1,630		1,922		-		1,611
Home equity lines of credit		282		380		-		100
Total	$	3,042		3,432		-		3,112

Total:
(dollars in thousands)			Unpaid				Average
	Recorded		Principal		Related		Recorded
	Investment		Balance		Allowance		Investment
Commercial:
Commercial real estate	$	7,750		9,169		-		7,414
Other		332		332		-		165
Real estate mortgage - 1 to 4 family:
First mortgages		17,887		19,275		-		16,317
Home equity loans		561		614		-		636
Home equity lines of credit		2,810		3,205		-		2,151
Total	$	29,340		32,595		-		26,683

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

The following table presents modified loans by class that were determined to be TDR’s that occurred during the years ended December 31, 2014, 2013 and 2012:

	Year ended 12/31/2014						Year ended 12/31/2013						Year ended 12/31/2012
New York and other states*: (dollars in thousands)	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial:
Commercial real estate		1	$	294		294		1	$	507		507		2	$	138		138
Real estate mortgage - 1 to 4 family:
First mortgages		41		5,585		5,585		50		5,852		5,852		95		10,636		10,636
Home equity loans		4		77		77		7		120		120		16		488		488
Home equity lines of credit		3		194		194		13		1,061		1,061		30		1,633		1,633
Total		49	$	6,150		6,150		71	$	7,540		7,540		143	$	12,895		12,895

Florida:
(dollars in thousands)	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Real estate mortgage - 1 to 4 family:
First mortgages		7		676		676		8		1,149		1,149		12		1,265		1,265
Home equity loans		1		56		56		-		-		-		-		-		-
Home equity lines of credit		3		368		368		3		282		282		2		48		48
Total		11	$	1,100		1,100		11	$	1,431		1,431		14	$	1,313		1,313

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 years ended December 31, 2014, 2013 and 2012 for which there was a payment default during the same period:

	Year ended 12/31/2014				Year ended 12/31/2013				Year ended 12/31/2012
New York and other states*:	Number of		Recorded		Number of		Recorded		Number of		Recorded
(dollars in thousands)	Contracts		Investment		Contracts		Investment		Contracts		Investment
Real estate mortgage - 1 to 4 family:
First mortgages		7		355		5		440		22		2,265
Home equity loans		-		-		1		44		2		13
Home equity lines of credit		1		35		1		56		5		209
Total		8	$	390		7	$	540		29	$	2,487

Florida:
	Number of		Recorded		Number of		Recorded		Number of		Recorded
(dollars in thousands)	Contracts		Investment		Contracts		Investment		Contracts		Investment
Real estate mortgage - 1 to 4 family:
First mortgages		1	$	60		-	$	-		6	$	605
Home equity lines of credit		1		279		-		-		1		47
Total		2	$	339		-	$	-		7	$	652

Risk category of loans by class of loans

As of December 31, 2014 and 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

	December 31, 2014
New York and other states:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	162,589		12,199		174,788
Other		28,677		523		29,200
	$	191,266		12,722		203,988

Florida:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	19,336		-		19,336
Other		58		-		58
	$	19,394		-		19,394

Total:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	181,925		12,199		194,124
Other		28,735		523		29,258
	$	210,660		12,722		223,382

	December 31, 2013
New York and other states:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	159,024		10,698		169,722
Other		31,691		632		32,323
	$	190,715		11,330		202,045

Florida:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	20,274		1,130		21,404
Other		32		-		32
	$	20,306		1,130		21,436

Total:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	179,298		11,828		191,126
Other		31,723		632		32,355
	$	211,021		12,460		223,481