Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018
(dollars in thousands)	New York and other states*		Florida		Total
Commercial:
Commercial real estate	$	154,750		10,572		165,322
Other		25,272		310		25,582
Real estate mortgage - 1 to 4 family:
First mortgages		2,347,928		812,829		3,160,757
Home equity loans		69,123		15,271		84,394
Home equity lines of credit		251,845		43,946		295,791
Installment		8,273		1,036		9,309
Total loans, net	$	2,857,191		883,964		3,741,155
Less: Allowance for loan losses						44,503
Net loans					$	3,696,652

	December 31, 2017
(dollars in thousands)	New York and other states*		Florida		Total
Commercial:
Commercial real estate	$	149,368		12,524		161,892
Other		23,606		709		24,315
Real estate mortgage - 1 to 4 family:
First mortgages		2,286,148		765,929		3,052,077
Home equity loans		66,455		13,989		80,444
Home equity lines of credit		263,275		45,641		308,916
Installment		7,141		1,622		8,763
Total loans, net	$	2,795,993		840,414		3,636,407
Less: Allowance for loan losses						44,170
Net loans					$	3,592,237

* 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, 2018
(dollars in thousands)	New York and other states*		Florida		Total
Loans in non-accrual status:
Commercial:
Commercial real estate	$	659		-		659
Other		108		-		108
Real estate mortgage - 1 to 4 family:
First mortgages		17,619		2,017		19,636
Home equity loans		201		-		201
Home equity lines of credit		3,389		126		3,515
Installment		6		-		6
Total non-accrual loans		21,982		2,143		24,125
Restructured real estate mortgages - 1 to 4 family		36		-		36
Total nonperforming loans	$	22,018		2,143		24,161

	December 31, 2017
(dollars in thousands)	New York and other states*		Florida		Total
Loans in non-accrual status:
Commercial:
Commercial real estate	$	1,443		-		1,443
Other		100		-		100
Real estate mortgage - 1 to 4 family:
First mortgages		16,654		2,259		18,913
Home equity loans		93		-		93
Home equity lines of credit		3,603		130		3,733
Installment		57		-		57
Total non-accrual loans		21,950		2,389		24,339
Restructured real estate mortgages - 1 to 4 family		38		-		38
Total nonperforming loans	$	21,988		2,389		24,377

* 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 June 30, 2018 and December 31, 2017:

	June 30, 2018
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	$	-		174		441		615		154,135		154,750
Other		8		-		100		108		25,164		25,272
Real estate mortgage - 1 to 4 family:
First mortgages		2,957		1,584		13,243		17,784		2,330,144		2,347,928
Home equity loans		-		13		164		177		68,946		69,123
Home equity lines of credit		650		212		1,855		2,717		249,128		251,845
Installment		59		26		3		88		8,185		8,273
Total	$	3,674		2,009		15,806		21,489		2,835,702		2,857,191

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	$	-		-		-		-		10,572		10,572
Other		-		-		-		-		310		310
Real estate mortgage - 1 to 4 family:
First mortgages		418		-		850		1,268		811,561		812,829
Home equity loans		51		-		-		51		15,220		15,271
Home equity lines of credit		40		-		70		110		43,836		43,946
Installment		15		5		-		20		1,016		1,036
Total	$	524		5		920		1,449		882,515		883,964

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	$	-		174		441		615		164,707		165,322
Other		8		-		100		108		25,474		25,582
Real estate mortgage - 1 to 4 family:
First mortgages		3,375		1,584		14,093		19,052		3,141,705		3,160,757
Home equity loans		51		13		164		228		84,166		84,394
Home equity lines of credit		690		212		1,925		2,827		292,964		295,791
Installment		74		31		3		108		9,201		9,309
Total	$	4,198		2,014		16,726		22,938		3,718,217		3,741,155

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

	December 31, 2017
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	$	183		174		1,332		1,689		147,679		149,368
Other		-		-		100		100		23,506		23,606
Real estate mortgage - 1 to 4 family:
First mortgages		5,669		1,300		9,014		15,983		2,270,165		2,286,148
Home equity loans		6		-		45		51		66,404		66,455
Home equity lines of credit		489		18		2,139		2,646		260,629		263,275
Installment		46		17		25		88		7,053		7,141
Total	$	6,393		1,509		12,655		20,557		2,775,436		2,795,993

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	$	-		-		-		-		12,524		12,524
Other		-		-		-		-		709		709
Real estate mortgage - 1 to 4 family:
First mortgages		277		-		1,404		1,681		764,248		765,929
Home equity loans		-		-		-		-		13,989		13,989
Home equity lines of credit		-		-		-		-		45,641		45,641
Installment		3		5		26		34		1,588		1,622
Total	$	280		5		1,430		1,715		838,699		840,414

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	$	183		174		1,332		1,689		160,203		161,892
Other		-		-		100		100		24,215		24,315
Real estate mortgage - 1 to 4 family:
First mortgages		5,946		1,300		10,418		17,664		3,034,413		3,052,077
Home equity loans		6		-		45		51		80,393		80,444
Home equity lines of credit		489		18		2,139		2,646		306,270		308,916
Installment		49		22		51		122		8,641		8,763
Total	$	6,673		1,514		14,085		22,272		3,614,135		3,636,407

* 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:

	Three months ended June 30, 2018
(dollars in thousands)	Commercial			Real Estate Mortgage- 1 to 4 Family		Installment		Total
Balance at beginning of period	$	4,255			39,359		765		44,379
Loans charged off:
New York and other states*		-			239		41		280
Florida		-			-		3		3
Total loan chargeoffs		-			239		44		283
Recoveries of loans previously charged off:
New York and other states*		1			89		14		104
Florida		-			-		3		3
Total recoveries		1			89		17		107
Net loans charged off (recoveries)		(1	)		150		27		176
Provision (recoveries) for loan losses		(61	)		262		99		300
Balance at end of period	$	4,195			39,471		837		44,503

	Three months ended June 30, 2017
(dollars in thousands)	Commercial			Real Estate Mortgage- 1 to 4 Family		Installment		Total
Balance at beginning of period	$	4,810			38,581		657		44,048
Loans charged off:
New York and other states*		-			522		40		562
Florida		-			52		13		65
Total loan chargeoffs		-			574		53		627
Recoveries of loans previously charged off:
New York and other states*		-			188		3		191
Florida		-			-		-		-
Total recoveries		-			188		3		191
Net loans charged off		-			386		50		436
Provision (recoveries) for loan losses		(214	)		676		88		550
Balance at end of period	$	4,596			38,871		695		44,162

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

	Six months ended June 30, 2018
(dollars in thousands)	Commercial			Real Estate Mortgage- 1 to 4 Family		Installment		Total
Balance at beginning of period	$	4,324			39,077		769		44,170
Loans charged off:
New York and other states*		-			370		112		482
Florida		-			-		6		6
Total loan chargeoffs		-			370		118		488
Recoveries of loans previously charged off:
New York and other states*		7			192		19		218
Florida		-			-		3		3
Total recoveries		7			192		22		221
Net loans charged off (recoveries)		(7	)		178		96		267
Provision (recoveries) for loan losses		(136	)		572		164		600
Balance at end of period	$	4,195			39,471		837		44,503

	Six months ended June 30, 2017
(dollars in thousands)	Commercial			Real Estate Mortgage- 1 to 4 Family		Installment		Total
Balance at beginning of period	$	4,929			38,231		730		43,890
Loans charged off:
New York and other states*		72			952		81		1,105
Florida		-			136		15		151
Total loan chargeoffs		72			1,088		96		1,256
Recoveries of loans previously charged off:
New York and other states*		8			357		13		378
Florida		-			-		-		-
Total recoveries		8			357		13		378
Net loans charged off		64			731		83		878
Provision (recoveries) for loan losses		(269	)		1,371		48		1,150
Balance at end of period	$	4,596			38,871		695		44,162

* 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 June 30, 2018 and December 31, 2017:

	June 30, 2018
(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		4,195		39,471		837		44,503
Total ending allowance balance	$	4,195		39,471		837		44,503
Loans:
Individually evaluated for impairment	$	1,133		20,505		-		21,638
Collectively evaluated for impairment		189,771		3,520,437		9,309		3,719,517
Total ending loans balance	$	190,904		3,540,942		9,309		3,741,155

	December 31, 2017
(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		4,324		39,077		769		44,170
Total ending allowance balance	$	4,324		39,077		769		44,170
Loans:
Individually evaluated for impairment	$	2,248		22,032		-		24,280
Collectively evaluated for impairment		183,959		3,419,405		8,763		3,612,127
Total ending loans balance	$	186,207		3,441,437		8,763		3,636,407

Impaired Loans by Loan Class

The following tables present impaired loans by loan class as of June 30, 2018 and December 31, 2017:

New York and other states*:

	June 30, 2018
(dollars in thousands)			Recorded Investment	Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate		$	994		1,164		-		1,251
Other			139		139		-		113
Real estate mortgage - 1 to 4 family:
First mortgages			14,738		15,300		-		15,588
Home equity loans			255		275		-		263
Home equity lines of credit			2,705		2,946		-		2,687
Total		$	18,831		19,824		-		19,903

Florida:

(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	-		-		-		-
Other		-		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		2,466		2,572		-		2,620
Home equity loans		87		87		-		88
Home equity lines of credit		254		254		-		90
Total	$	2,807		2,913		-		2,798

Total:

(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	994		1,164		-		1,251
Other		139		139		-		113
Real estate mortgage - 1 to 4 family:
First mortgages		17,204		17,872		-		18,208
Home equity loans		342		362		-		351
Home equity lines of credit		2,959		3,200		-		2,777
Total	$	21,638		22,737		-		22,700

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

New York and other states*:

	December 31, 2017
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	2,148		3,120		-		2,711
Other		100		100		-		87
Real estate mortgage - 1 to 4 family:
First mortgages		15,850		16,540		-		16,508
Home equity loans		270		291		-		263
Home equity lines of credit		2,606		2,847		-		2,193
Total	$	20,974		22,898		-		21,762

Florida:

(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	-		-		-		-
Other		-		-		-		-
Real estate mortgage - 1 to 4 family:
First mortgages		2,707		2,813		-		2,335
Home equity loans		89		89		-		92
Home equity lines of credit		510		510		-		561
Total	$	3,306		3,412		-		2,988

Total:

(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Commercial:
Commercial real estate	$	2,148		3,120		-		2,711
Other		100		100		-		87
Real estate mortgage - 1 to 4 family:
First mortgages		18,557		19,353		-		18,843
Home equity loans		359		380		-		355
Home equity lines of credit		3,116		3,357		-		2,754
Total	$	24,280		26,310		-		24,750

* 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 6/30/2018						Three months ended 6/30/2017
New York and other states*:			Pre-Modification		Post-Modification				Pre-Modification		Post-Modification
(dollars in thousands)	Number of Contracts		Outstanding Recorded Investment		Outstanding Recorded Investment		Number of Contracts		Outstanding Recorded Investment		Outstanding Recorded Investment
Commercial:
Commercial real estate		-	$	-		-		3	$	747		747
Real estate mortgage - 1 to 4 family:
First mortgages		2		125		125		7		1,098		1,098
Home equity loans		-		-		-		-		-		-
Home equity lines of credit		-		-		-		1		3		3
Total		2	$	125		125		11	$	1,848		1,848

Florida:	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
(dollars in thousands)
Commercial:
Commercial real estate		-	$	-		-		-	$	-		-
Real estate mortgage - 1 to 4 family:
First mortgages		-		-		-		4		387		387
Home equity loans		-		-		-		-		-		-
Home equity lines of credit		-		-		-		-		-		-
Total		-	$	-		-		4	$	387		387

	Six months ended 6/30/2018						Six months ended 6/30/2017
New York and other states*:			Pre-Modification		Post-Modification				Pre-Modification		Post-Modification
(dollars in thousands)	Number of Contracts		Outstanding Recorded Investment		Outstanding Recorded Investment		Number of Contracts		Outstanding Recorded Investment		Outstanding Recorded Investment
Commercial:
Commercial real estate		-	$	-		-		3	$	747		747
Real estate mortgage - 1 to 4 family:
First mortgages		4		598		598		18		3,045		3,045
Home equity loans		-		-		-		1		13		13
Home equity lines of credit		2		208		208		5		161		161
Total		6	$	806		806		27	$	3,966		3,966

Florida:	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
(dollars in thousands)
Commercial:
Real estate mortgage - 1 to 4 family:
First mortgages		-	$	-		-		5	$	467		467
Home equity loans		-		-		-		-		-		-
Home equity lines of credit		-		-		-		1		70		70
Total		-	$	-		-		6	$	537		537

* 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, by class, TDR’s that defaulted during the three and six months ended June 30, 2018 and 2017 which had been modified within the last twelve months:

	Three months ended 6/30/2018				Three months ended 6/30/2017
New York and other states*: (dollars in thousands)	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Real estate mortgage - 1 to 4 family:
First mortgages		-	$	-		-	$	-
Home equity lines of credit		-		-		1		3
Total		-	$	-		1	$	3

Florida: (dollars in thousands)	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Real estate mortgage - 1 to 4 family:
First mortgages		-	$	-		1	$	46
Total		-	$	-		1	$	46

	Six months ended 6/30/2018				Six months ended 6/30/2017
New York and other states*: (dollars in thousands)	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Real estate mortgage - 1 to 4 family:
First mortgages		-	$	-		-	$	-
Home equity loans		-		-		-		-
Home equity lines of credit		1		3		1		3
Total		1	$	3		1	$	3

Florida: (dollars in thousands)	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Real estate mortgage - 1 to 4 family:
First mortgages		1	$	72		1	$	77
Home equity lines of credit		-		-		1		70
Total		1	$	72		2	$	147

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

Risk Category Loans by Class of Loans

As of June 30, 2018 and December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

	June 30, 2018
New York and other states*:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	148,652		6,098		154,750
Other		23,760		1,512		25,272
	$	172,412		7,610		180,022

Florida:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	10,456		116		10,572
Other		310		-		310
	$	10,766		116		10,882

Total:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	159,108		6,214		165,322
Other		24,070		1,512		25,582
	$	183,178		7,726		190,904

* Includes New York, New Jersey and Massachusetts.

	December 31, 2017
New York and other states*:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	140,806		8,562		149,368
Other		21,936		1,670		23,606
	$	162,742		10,232		172,974

Florida:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	12,406		118		12,524
Other		709		-		709
	$	13,115		118		13,233

Total:
(dollars in thousands)
	Pass		Classified		Total
Commercial:
Commercial real estate	$	153,212		8,680		161,892
Other		22,645		1,670		24,315
	$	175,857		10,350		186,207

* Includes New York, New Jersey and Massachusetts.