Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

Loans and Allowance for Loan Losses [Abstract]

Recorded Investment in Loans by Loan Class

	March 31, 2021
(dollars in thousands)	New York and other states*		Florida		Total
Commercial:
Commercial real estate	$	146,994		17,989		164,983
Other		51,673		365		52,038
Real estate mortgage - 1 to 4 family:
First mortgages		2,615,578		1,122,469		3,738,047
Home equity loans		55,469		14,321		69,790
Home equity lines of credit		185,237		50,407		235,644
Installment		7,072		1,598		8,670
Total loans, net	$	3,062,023		1,207,149		4,269,172
Less: Allowance for loan losses						49,991
Net loans					$	4,219,181

	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

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

Recorded Investment in Non-Accrual Loans by Loan Class

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

	March 31, 2021
(dollars in thousands)	New York and other states*		Florida		Total
Loans in non-accrual status:
Commercial:
Commercial real estate	$	45		-		45
Other		80		-		80
Real estate mortgage - 1 to 4 family:
First mortgages		16,645		1,451		18,096
Home equity loans		78		46		124
Home equity lines of credit		3,103		129		3,232
Installment		32		-		32
Total non-accrual loans		19,983		1,626		21,609
Restructured real estate mortgages - 1 to 4 family		22		-		22
Total nonperforming loans	$	20,005		1,626		21,631

	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

* 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 March 31, 2021 and December 31, 2020:

	March 31, 2021
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	$	324		-		-		324		146,670		146,994
Other		-		-		80		80		51,593		51,673
Real estate mortgage - 1 to 4 family:
First mortgages		1,439		281		11,133		12,853		2,602,725		2,615,578
Home equity loans		147		-		50		197		55,272		55,469
Home equity lines of credit		413		140		1,484		2,037		183,200		185,237
Installment		6		-		-		6		7,066		7,072
Total	$	2,329		421		12,747		15,497		3,046,526		3,062,023

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	$	-		-		-		-		17,989		17,989
Other		-		-		-		-		365		365
Real estate mortgage - 1 to 4 family:
First mortgages		1,052		163		914		2,129		1,120,340		1,122,469
Home equity loans		-		1		46		47		14,274		14,321
Home equity lines of credit		-		221		-		221		50,186		50,407
Installment		19		-		-		19		1,579		1,598
Total	$	1,071		385		960		2,416		1,204,733		1,207,149

Total:
(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	$	324		-		-		324		164,659		164,983
Other		-		-		80		80		51,958		52,038
Real estate mortgage - 1 to 4 family:
First mortgages		2,491		444		12,047		14,982		3,723,065		3,738,047
Home equity loans		147		1		96		244		69,546		69,790
Home equity lines of credit		413		361		1,484		2,258		233,386		235,644
Installment		25		-		-		25		8,645		8,670
Total	$	3,400		806		13,707		17,913		4,251,259		4,269,172

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

	December 31, 2020
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	$	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:
(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	$	-		-		-		-		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:
(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	$	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.

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 three months ended March 31, 2021
(dollars in thousands)	Commercial			Real Estate Mortgage- 1 to 4 Family			Installment			Total
Balance at beginning of period	$	4,140			44,950			505			49,595
Loans charged off:
New York and other states*		-			86			7			93
Florida		-			-			2			2
Total loan chargeoffs		-			86			9			95
Recoveries of loans previously charged off:
New York and other states*		32			88			21			141
Florida		-			-			-			-
Total recoveries		32			88			21			141
Net loans (recoveries) charged off		(32	)		(2	)		(12	)		(46	)
(Credit) provision for loan losses		(120	)		555			(85	)		350
Balance at end of period	$	4,052			45,507			432			49,991

	For the three months ended March 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*		3			191		7		201
Florida		-			-		19		19
Total loan chargeoffs		3			191		26		220
Recoveries of loans previously charged off:
New York and other states*		2			51		3		56
Florida		-			2		-		2
Total recoveries		2			53		3		58
Net loans (recoveries) charged off		1			138		23		162
(Credit) provision for loan losses		(38	)		2,033		5		2,000
Balance at end of period	$	3,960			41,643		552		46,155

* 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 March 31, 2021 and December 31, 2020:

	March 31, 2021
(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		4,052		45,507		432		49,991
Total ending allowance balance	$	4,052		45,507		432		49,991
Loans:
Individually evaluated for impairment	$	699		19,646		-		20,345
Collectively evaluated for impairment		216,322		4,023,835		8,670		4,248,827
Total ending loans balance	$	217,021		4,043,481		8,670		4,269,172

	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

Impaired Loans by Loan Class

The following tables present impaired loans by loan class as of March 31, 2021 and December 31, 2020:

	March 31, 2021
New York and other states*:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	523		616		-		1,152
Other		80		80		-		106
Real estate mortgage - 1 to 4 family:
First mortgages		14,425		14,812		-		14,059
Home equity loans		214		214		-		235
Home equity lines of credit		2,005		2,145		-		2,260
Total	$	17,247		17,867		-		17,812

Florida:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	96		96		-		106
Other		-		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		2,758		2,758		-		2,547
Home equity loans		-		-		-		17
Home equity lines of credit		244		244		-		246
Total	$	3,098		3,098		-		2,916

Total:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	619		712		-		1,258
Other		80		80		-		106
Real estate mortgage - 1 to 4 family:
First mortgages		17,183		17,570		-		16,606
Home equity loans		214		214		-		252
Home equity lines of credit		2,249		2,389		-		2,506
Total	$	20,345		20,965		-		20,728

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

	December 31, 2020
New York and other states*:
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average 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		Average 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		Average 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.

Modified Loans by Class that were Determined to be TDR's

The following table presents, by class, loans that were modified as TDR’s:

	Three months ended March 31, 2021						Three months ended March 31, 2020
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
Commercial:
Commercial real estate		-	$	-		-		-	$	-		-
Real estate mortgage - 1 to 4 family:
First mortgages		-		-		-		1		167		167
Home equity loans		-		-		-		-		-		-
Home equity lines of credit		-		-		-		1		70		70
Total		-	$	-		-		2	$	237		237

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

Commercial:

Commercial real estate

-

$

-

-

-

$

-

-

Real estate mortgage - 1 to 4 family:

First mortgages

-

-

-

-

-

-

Home equity loans

-

-

-

-

-

-

Home equity lines of credit

-

-

-

-

-

-

Total

-

$

-

-

-

$

-

-

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

Risk Category Loans by Class of Loans

As of March 31, 2021 and December 31, 2020, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

	March 31, 2021
New York and other states*:
(dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	144,433		2,561		146,994
Other		51,444		229		51,673
	$	195,877		2,790		198,667

Florida:
(dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	17,419		570		17,989
Other		365		-		365
	$	17,784		570		18,354

Total:
(dollars in thousands)	Pass		Classified		Total
Commercial:
Commercial real estate	$	161,852		3,131		164,983
Other		51,809		229		52,038
	$	213,661		3,360		217,021

* Includes New York, New Jersey and Massachusetts.

	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.