Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020
(dollars in thousands)	New York and other states*		Florida		Total
Commercial:
Commercial real estate	$	148,775		18,666		167,441
Other		44,932		119		45,051
Real estate mortgage - 1 to 4 family:
First mortgages		2,606,781		1,098,915		3,705,696
Home equity loans		59,400		15,071		74,471
Home equity lines of credit		193,654		48,540		242,194
Installment		7,810		1,807		9,617
Total loans, net	$	3,061,352		1,183,118		4,244,470
Less: Allowance for loan losses						49,595
Net loans					$	4,194,875

	December 31, 2019
(dollars in thousands)	New York and other states*		Florida		Total
Commercial:
Commercial real estate	$	162,186		17,752		179,938
Other		19,326		235		19,561
Real estate mortgage - 1 to 4 family:
First mortgages		2,541,440		953,995		3,495,435
Home equity loans		69,791		18,548		88,339
Home equity lines of credit		221,487		46,435		267,922
Installment		8,706		2,295		11,001
Total loans, net	$	3,022,936		1,039,260		4,062,196
Less: Allowance for loan losses						44,317
Net loans					$	4,017,879

* 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, 2020
(dollars in thousands)	New York and other states*		Florida		Total
Loans in non-accrual status:
Commercial:
Commercial real estate	$	372		-		372
Other		80		-		80
Real estate mortgage - 1 to 4 family:
First mortgages		16,637		1,010		17,647
Home equity loans		80		47		127
Home equity lines of credit		2,662		130		2,792
Installment		43		-		43
Total non-accrual loans		19,874		1,187		21,061
Restructured real estate mortgages - 1 to 4 family		23		-		23
Total nonperforming loans	$	19,897		1,187		21,084

	December 31, 2019
(dollars in thousands)	New York and other states*		Florida		Total
Loans in non-accrual status:
Commercial:
Commercial real estate	$	733		-		733
Other		83		-		83
Real estate mortgage - 1 to 4 family:
First mortgages		15,385		1,468		16,853
Home equity loans		218		48		266
Home equity lines of credit		2,804		98		2,902
Installment		3		-		3
Total non-accrual loans		19,226		1,614		20,840
Restructured real estate mortgages - 1 to 4 family		29		-		29
Total nonperforming loans	$	19,255		1,614		20,869

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

Aging of 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, 2020 and 2019:

	December 31, 2020
New York and other states*:	30-59 Days		60-89 Days		90 + Days		Total 30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	125		77		279		481		148,294		148,775
Other		-		-		80		80		44,852		44,932
Real estate mortgage - 1 to 4 family:
First mortgages		1,220		982		10,927		13,129		2,593,652		2,606,781
Home equity loans		120		1		48		169		59,231		59,400
Home equity lines of credit		401		344		1,273		2,018		191,636		193,654
Installment		3		-		43		46		7,764		7,810
Total	$	1,869		1,404		12,650		15,923		3,045,429		3,061,352

Florida:	30-59 Days		60-89 Days		90 + Days		Total 30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	-		-		-		-		18,666		18,666
Other		-		-		-		-		119		119
Real estate mortgage - 1 to 4 family:
First mortgages		365		517		655		1,537		1,097,378		1,098,915
Home equity loans		-		-		47		47		15,024		15,071
Home equity lines of credit		-		-		-		-		48,540		48,540
Installment		7		10		-		17		1,790		1,807
Total	$	372		527		702		1,601		1,181,517		1,183,118

Total:	30-59 Days		60-89 Days		90 + Days		Total 30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	125		77		279		481		166,960		167,441
Other		-		-		80		80		44,971		45,051
Real estate mortgage - 1 to 4 family:
First mortgages		1,585		1,499		11,582		14,666		3,691,030		3,705,696
Home equity loans		120		1		95		216		74,255		74,471
Home equity lines of credit		401		344		1,273		2,018		240,176		242,194
Installment		10		10		43		63		9,554		9,617
Total	$	2,241		1,931		13,352		17,524		4,226,946		4,244,470

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

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

	December 31, 2019
New York and other states*:	30-59 Days		60-89 Days		90 + Days		Total 30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	141		-		617		758		161,428		162,186
Other		80		-		33		113		19,213		19,326
Real estate mortgage - 1 to 4 family:
First mortgages		3,444		292		11,328		15,064		2,526,376		2,541,440
Home equity loans		183		7		133		323		69,468		69,791
Home equity lines of credit		232		149		1,141		1,522		219,965		221,487
Installment		37		8		3		48		8,658		8,706
Total	$	4,117		456		13,255		17,828		3,005,108		3,022,936

Florida:	30-59 Days		60-89 Days		90 + Days		Total 30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	-		-		-		-		17,752		17,752
Other		-		-		-		-		235		235
Real estate mortgage - 1 to 4 family:
First mortgages		542		-		617		1,159		952,836		953,995
Home equity loans		63		-		-		63		18,485		18,548
Home equity lines of credit		80		-		50		130		46,305		46,435
Installment		-		-		-		-		2,295		2,295
Total	$	685		-		667		1,352		1,037,908		1,039,260

Total:	30-59 Days		60-89 Days		90 + Days		Total 30+ days				Total
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Loans
Commercial:
Commercial real estate	$	141		-		617		758		179,180		179,938
Other		80		-		33		113		19,448		19,561
Real estate mortgage - 1 to 4 family:
First mortgages		3,986		292		11,945		16,223		3,479,212		3,495,435
Home equity loans		246		7		133		386		87,953		88,339
Home equity lines of credit		312		149		1,191		1,652		266,270		267,922
Installment		37		8		3		48		10,953		11,001
Total	$	4,802		456		13,922		19,180		4,043,016		4,062,196

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

Activity in Allowance For Loan Losses by Portfolio Segment

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

	For the year ended December 31, 2020
(dollars in thousands)	Commercial		Real Estate Mortgage- 1 to 4 Family		Installment		Total
Balance at beginning of period	$	3,999		39,748		570		44,317
Loans charged off:
New York and other states*		36		404		187		627
Florida		-		-		34		34
Total loan chargeoffs		36		404		221		661
Recoveries of loans previously charged off:
New York and other states*		10		314		12		336
Florida		-		3		-		3
Total recoveries		10		317		12		339
Net loans charged off		26		87		209		322
Provision for loan losses		167		5,289		144		5,600
Balance at end of period	$	4,140		44,950		505		49,595

	For the year ended December 31, 2019
(dollars in thousands)	Commercial			Real Estate Mortgage- 1 to 4 Family		Installment			Total
Balance at beginning of period	$	4,048			39,772		946			44,766
Loans charged off:
New York and other states*		20			945		165			1,130
Florida		-			29		48			77
Total loan chargeoffs		20			974		213			1,207
Recoveries of loans previously charged off:
New York and other states*		46			496		21			563
Florida		-			36		-			36
Total recoveries		46			532		21			599
Net loans charged off (recoveries)		(26	)		442		192			608
Provision (recoveries) for loan losses		(75	)		418		(184	)		159
Balance at end of period	$	3,999			39,748		570			44,317

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

Allowance For Loan Losses and 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, 2020 and 2019:

	December 31, 2020
(dollars in thousands)	Commercial Loans		1-to-4 Family Residential Real Estate		Installment Loans		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-		-		-		-
Collectively evaluated for impairment		4,140		44,950		505		49,595
Total ending allowance balance	$	4,140		44,950		505		49,595
Loans:
Individually evaluated for impairment	$	1,028		20,553		-		21,581
Collectively evaluated for impairment		211,464		4,001,808		9,617		4,222,889
Total ending loans balance	$	212,492		4,022,361		9,617		4,244,470

	December 31, 2019
(dollars in thousands)	Commercial Loans		1-to-4 Family Residential Real Estate		Installment Loans		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-		-		-		-
Collectively evaluated for impairment		3,999		39,748		570		44,317
Total ending allowance balance	$	3,999		39,748		570		44,317
Loans:
Individually evaluated for impairment	$	1,437		19,539		-		20,976
Collectively evaluated for impairment		198,062		3,832,157		11,001		4,041,220
Total ending loans balance	$	199,499		3,851,696		11,001		4,062,196

Impaired Loans by Loan Class

The following tables present impaired loans by loan class as of December 31, 2020 and 2019:

	December 31, 2020
New York and other states*:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		YTD Avg Recorded Investment
Commercial:
Commercial real estate	$	819		943		-		1,186
Other		111		111		-		103
Real estate mortgage - 1 to 4 family:
First mortgages		15,024		15,411		-		14,110
Home equity loans		219		240		-		235
Home equity lines of credit		2,158		2,298		-		2,258
Total		18,331		19,003		-		17,892

Florida:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		YTD Avg Recorded Investment
Commercial:
Commercial real estate		98		98		-		105
Other		-		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		2,908		2,908		-		2,555
Home equity loans		-		-		-		16
Home equity lines of credit		244		244		-		246
Total	$	3,250		3,250		-		2,922

Total:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		YTD Avg Recorded Investment
Commercial:
Commercial real estate	$	917		1,041		-		1,291
Other		111		111		-		103
Real estate mortgage - 1 to 4 family:
First mortgages		17,932		18,319		-		16,665
Home equity loans		219		240		-		251
Home equity lines of credit		2,402		2,542		-		2,504
Total	$	21,581		22,253		-		20,814

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

	December 31, 2019
New York and other states*:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		YTD Avg Recorded Investment
Commercial:
Commercial real estate	$	1,217		1,359		-		1,385
Other		115		115		-		38
Real estate mortgage - 1 to 4 family:
First mortgages		14,414		14,714		-		14,358
Home equity loans		235		255		-		241
Home equity lines of credit		2,160		2,300		-		2,274
Total	$	18,141		18,743		-		18,296

Florida:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		YTD Avg Recorded Investment
Commercial:
Commercial real estate	$	105		105		-		82
Other		-		-		-		26
Real estate mortgage - 1 to 4 family:
First mortgages		2,486		2,486		-		2,259
Home equity loans		-		-		-		51
Home equity lines of credit		244		244		-		249
Total	$	2,835		2,835		-		2,667

Total:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		YTD Avg Recorded Investment
Commercial:
Commercial real estate	$	1,322		1,464		-		1,467
Other		115		115		-		64
Real estate mortgage - 1 to 4 family:
First mortgages		16,900		17,200		-		16,617
Home equity loans		235		255		-		292
Home equity lines of credit		2,404		2,544		-		2,523
Total	$	20,976		21,578		-		20,963

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

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, 2020, 2019 and 2018:

	Year ended 12/31/20						Year ended 12/31/19						Year ended 12/31/18
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	$	125		125		1	$	125		125		6	$	747		747
Real estate mortgage - 1 to 4 family:
First mortgages		12		2,303		2,303		18		2,621		2,621		18		2,349		2,349
Home equity loans		-		-		-		-		-		-		1		6		6
Home equity lines of credit		3		169		169		2		235		235		5		325		325
Total		16	$	2,597		2,597		21	$	2,981		2,981		30	$	3,427		3,427

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		4	$	586		586		6	$	632		632		1	$	35		35
Home equity loans		-		-		-		-		-		-		-		-		-
Home equity lines of credit		-		-		-		-		-		-		-		-		-
Total		4	$	586		586		6	$	632		632		1	$	35		35

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

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, 2020, 2019 and 2018 for which there was a payment default within 12 months of modification:

	Year ended 12/31/20				Year ended 12/31/19				Year ended 12/31/18
New York and other states*: (dollars in thousands)	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Real estate mortgage - 1 to 4 family:
First mortgages		4	$	457		2	$	418		1	$	101
Home equity loans		1		19		-		-		-		-
Home equity lines of credit		-		-		-		-		-		-
Total		5	$	476		2	$	418		1	$	101

Florida: (dollars in thousands)

Number of Contracts

Recorded Investment

Number of Contracts

Recorded Investment

Number of Contracts

Recorded Investment

Real estate mortgage - 1 to 4 family:

First mortgages

-

$

-

-

$

-

-

$

-

Home equity lines of credit

-

-

-

-

-

-

Total

-

$

-

-

$

-

-

$

-

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

Risk Category Loans by Class of Loans

As of December 31, 2020 and 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

	December 31, 2020
New York and other states*: (dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	145,741		3,034		148,775
Other		44,522		410		44,932
	$	190,263		3,444		193,707

Florida: (dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	18,092		574		18,666
Other		119		-		119
	$	18,211		574		18,785

Total: (dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	163,833		3,608		167,441
Other		44,641		410		45,051
	$	208,474		4,018		212,492

* Includes New York, New Jersey and Massachusetts.

	December 31, 2019
New York and other states*: (dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	157,280		4,906		162,186
Other		18,384		942		19,326
	$	175,664		5,848		181,512

Florida: (dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	17,752		-		17,752
Other		235		-		235
	$	17,987		-		17,987

Total: (dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	175,032		4,906		179,938
Other		18,619		942		19,561
	$	193,651		5,848		199,499

* Includes New York, New Jersey and Massachusetts.