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Loans (Tables)
 12 Months Ended
Dec. 31, 2019
Loans and Leases Receivable Disclosure [Abstract]  
Past Due Financing Receivables
The following table presents loan balances outstanding as of December 31, 2019 and December 31, 2018 and an analysis of the recorded investment in loans that are past due at these dates.  Loans held-for-sale of $150 and $215 as of December 31, 2019, and December 31, 2018, respectively, are included in the residential real estate balances for current loans.
Schedule of Past Due Loans by Loan Category
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial
 
Real Estate
 
Consumer
 
Residential
 
Total
December 31, 2019
 
 
 
 
 
 
 
 
 
Loans Past Due 30-59 Days
$
150

 
$
—

 
$
5,670

 
$
152

 
$
5,972

Loans Past Due 60-89 Days
42

 
266

 
2,700

 
2,027

 
5,035

Loans Past Due 90 or More Days
21

 
326

 
445

 
1,807

 
2,599

Total Loans Past Due
213

 
592

 
8,815

 
3,986

 
13,606

Current Loans
150,447

 
509,949

 
802,383

 
909,735

 
2,372,514

Total Loans
$
150,660

 
$
510,541

 
$
811,198

 
$
913,721

 
$
2,386,120

 
 
 
 
 
 
 
 
 
 
Loans 90 or More Days Past Due and Still Accruing Interest
$
—

 
$
—

 
$
—

 
$
253

 
$
253

Nonaccrual Loans
81

 
326

 
663

 
2,935

 
4,005

 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
Loans Past Due 30-59 Days
$
121

 
$
108

 
$
5,369

 
$
281

 
$
5,879

Loans Past Due 60-89 Days
49

 
—

 
2,136

 
1,908

 
4,093

Loans Past Due 90 or more Days
—

 
789

 
572

 
1,844

 
3,205

Total Loans Past Due
170

 
897

 
8,077

 
4,033

 
13,177

Current Loans
136,720

 
483,665

 
711,433

 
851,220

 
2,183,038

Total Loans
$
136,890

 
$
484,562

 
$
719,510

 
$
855,253

 
$
2,196,215

 
 
 
 
 
 
 
 
 
 
Loans 90 or More Days Past Due and Still Accruing Interest
$
—

 
$
—

 
$
144

 
$
1,081

 
$
1,225

Nonaccrual Loans
403

 
789

 
658

 
2,309

 
4,159
Financing Receivable Supplemental Information
Schedule of Supplemental Loan Information
 
2019
 
2018
Supplemental Information:
 
 
 
Unamortized deferred loan origination costs, net of deferred loan
  origination fees, included in the above balances
$
5,181

 
$
4,494

Overdrawn deposit accounts, included in the above balances
2,420

 
572

Pledged loans secured by one-to-four family residential mortgages
  under a blanket collateral agreement to secure borrowings from
  the Federal Home Loan Bank of New York
731,240

 
550,750

Residential real estate loans serviced for Freddie Mac, not included
   in the balances above
139,094

 
133,747
Allowance for Credit Losses on Financing Receivables
The following table presents a roll forward of the allowance for loan losses and other information pertaining to the allowance for loan losses:
Allowance for Loan Losses
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial
 
Real Estate
 
Consumer
 
Residential
 
Total
 
 
 
 
 
 
 
 
 
 
Rollfoward of the Allowance for Loan Losses for the Year Ended:
 
 
 
 
 
 
 
 
 
December 31, 2018
$
1,218

 
$
5,644

 
$
8,882

 
$
4,452

 
$
20,196

Charge-offs
(12
)
 
(29
)
 
(1,603
)
 
(91
)
 
(1,735
)
Recoveries
98

 
—

 
549

 
—

 
647

Provision
82

 
215

 
1,580

 
202

 
2,079

December 31, 2019
$
1,386

 
$
5,830

 
$
9,408

 
$
4,563

 
$
21,187

 
 
 
 
 
 
 
 
 
 
December 31, 2017
$
1,873

 
$
4,504

 
$
7,604

 
$
4,605

 
$
18,586

Charge-offs
(153
)
 
(17
)
 
(1,246
)
 
(116
)
 
(1,532
)
Recoveries
3

 
12

 
520

 
—

 
535

Provision
(505
)
 
1,145

 
2,004

 
(37
)
 
2,607

December 31, 2018
$
1,218

 
$
5,644

 
$
8,882

 
$
4,452

 
$
20,196

 
 
 
 
 
 
 
 
 
 
December 31, 2016
$
1,017

 
$
5,677

 
$
6,120

 
$
4,198

 
$
17,012

Charge-offs
(2
)
 
(380
)
 
(1,101
)
 
(76
)
 
(1,559
)
Recoveries
9

 
—

 
388

 
—

 
397

Provision
849

 
(793
)
 
2,197

 
483

 
2,736

December 31, 2017
$
1,873

 
$
4,504

 
$
7,604

 
$
4,605

 
$
18,586

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2019
 
 
 
 
 
 
 
 
 
Allowance for loan losses - Loans Individually Evaluated for Impairment
$
5

 
$
—

 
$
—

 
$
42

 
$
47

Allowance for loan losses - Loans Collectively Evaluated for Impairment
1,381

 
5,830

 
9,408

 
4,521

 
21,140

Ending Loan Balance - Individually Evaluated for Impairment
35

 
—

 
107

 
959

 
1,101

Ending Loan Balance - Collectively Evaluated for Impairment
150,625

 
510,541

 
811,091

 
912,762

 
2,385,019

 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
Allowance for loan losses - Loans Individually Evaluated for Impairment
$
—

 
$
—

 
$
—

 
$
4

 
$
4

Allowance for loan losses - Loans Collectively Evaluated for Impairment
1,218


5,644


8,882


4,448


20,192

Ending Loan Balance - Individually Evaluated for Impairment
430

 
793

 
101

 
1,899

 
3,223

Ending Loan Balance - Collectively Evaluated for Impairment
136,460

 
483,769

 
719,409

 
853,354

 
2,192,992
Financing Receivable Credit Quality Indicators
The following table presents the credit quality indicators by loan category at December 31, 2019 and December 31, 2018:
Loan Credit Quality Indicators
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial
 
Real Estate
 
Consumer
 
Residential
 
Total
December 31, 2019
 
 
 
 
 
 
 
 
 
Credit Risk Profile by Creditworthiness Category:
 
 
 
 
 
 
 
 
 
Satisfactory
$
144,283

 
$
484,267

 
 
 
 
 
$
628,550

Special Mention
32

 
263

 
 
 
 
 
295

Substandard
6,345

 
26,011

 
 
 
 
 
32,356

Doubtful
—

 
—

 
 
 
 
 
—

Credit Risk Profile Based on Payment Activity:
 
 
 
 
 
 
 
 
 
Performing
 
 
 
 
$
810,535

 
$
910,533

 
1,721,068

Nonperforming
 
 
 
 
663

 
3,188

 
3,851

 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
Credit Risk Profile by Creditworthiness Category:
 
 
 
 
 
 
 
 
 
Satisfactory
$
129,584

 
$
456,868

 
 
 
 
 
$
586,452

Special Mention
—

 
—

 
 
 
 
 
—

Substandard
7,306

 
26,905

 
 
 
 
 
34,211

Doubtful
—

 
789

 
 
 
 
 
789

Credit Risk Profile Based on Payment Activity:
 
 
 
 
 
 
 
 
 
Performing
 
 
 
 
$
718,708

 
$
851,863

 
1,570,571

Nonperforming
 
 
 
 
802

 
3,390

 
4,192

 
 
 
 
 
 
 
 
 
 
Impaired Financing Receivables
The following table presents information on impaired loans based on whether the impaired loan has a recorded allowance or no recorded allowance:
Impaired Loans
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial
 
Real Estate
 
Consumer
 
Residential
 
Total
December 31, 2019
 
 
 
 
 
 
 
 
 
Recorded Investment:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
—

 
$
108

 
$
699

 
$
807

With a Related Allowance
34

 
—

 
—

 
260

 
294

Unpaid Principal Balance:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
—

 
$
107

 
$
699

 
$
806

With a Related Allowance
35

 
—

 
—

 
260

 
295

 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
Recorded Investment:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
430

 
$
793

 
$
101

 
$
1,605

 
$
2,929

With a Related Allowance
—

 
—

 
—

 
294

 
294

Unpaid Principal Balance:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
429

 
$
793

 
$
100

 
$
1,606

 
$
2,928

With a Related Allowance
—

 
—

 
—

 
293

 
293

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year-To-Date Period Ended:
 
 
 
 
 
 
 
 
 
December 31, 2019
 
 
 
 
 
 
 
 
 
Average Recorded Balance:


 


 
 
 

 

With No Related Allowance
$
215

 
$
397

 
$
105

 
$
1,152

 
$
1,869

With a Related Allowance
17

 
—

 
—

 
277

 
294

Interest Income Recognized:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
—

 
$
1

 
$
8

 
$
9

With a Related Allowance
—

 
—

 
—

 
—

 
—

Cash Basis Income:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
—

 
$
—

 
$
—

 
$
—

With a Related Allowance
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
Average Recorded Balance:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
215

 
$
787

 
$
98

 
$
1,437

 
$
2,537

With a Related Allowance
243

 
363

 
—

 
314

 
$
920

Interest Income Recognized:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
—

 
$
1

 
$
18

 
$
19

With a Related Allowance
—

 
—

 
—

 
—

 
—

Cash Basis Income:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
—

 
$
—

 
$
—

 
$
—

With a Related Allowance
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 


December 31, 2017
 
 
 
 
 
 
 
 
 
Average Recorded Balance:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
836

 
$
93

 
$
1,184

 
$
2,113

With a Related Allowance
243

 
363

 
—

 
167

 
$
773

Interest Income Recognized:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
34

 
$
—

 
$
23

 
$
57

With a Related Allowance
1

 
2

 
—

 
23

 
26

Cash Basis Income:
 
 
 
 
 
 
 
 
 
With No Related Allowance
$
—

 
$
—

 
$
—

 
$
—

 
$
—

With a Related Allowance
—

 
—

 
—

 
—

 
—
Troubled Debt Restructurings on Financing Receivables
The following table presents information on loans modified in trouble debt restructurings during the periods indicated:
Loans Modified in Trouble Debt Restructurings During the Period
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial
 
Real Estate
 
Consumer
 
Residential
 
Total
For the Year Ended:
 
 
 
 
 
 
 
 
 
December 31, 2019
 
 
 
 
 
 
 
 
 
Number of Loans
—

 
—

 
6

 
—

 
6

Pre-Modification Outstanding Recorded Investment
$
—

 
$
—

 
$
68

 
$
—

 
$
68

Post-Modification Outstanding Recorded Investment
—

 
—

 
68

 
—

 
68

Subsequent Default, Number of Contracts
—

 
—

 
—

 
—

 
—

Subsequent Default, Recorded Investment
—

 
—

 
—

 
—

 
—

Commitments to lend additional funds to modified loans
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
Number of Loans
1

 
—

 
5

 
—

 
6

Pre-Modification Outstanding Recorded Investment
$
38

 
$
—

 
$
44

 
$
—

 
$
82

Post-Modification Outstanding Recorded Investment
38

 
—

 
44

 
—

 
82

Subsequent Default, Number of Contracts
—

 
—

 
—

 
—

 
—

Subsequent Default, Recorded Investment
—

 
—

 
—

 
—

 
—

Commitments to lend additional funds to modified loans
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
Number of Loans
1

 
1

 
6

 
—

 
8

Pre-Modification Outstanding Recorded Investment
$
503

 
$
725

 
$
51

 
$
—

 
$
1,279

Post-Modification Outstanding Recorded Investment
503

 
725

 
51

 
—

 
1,279

Subsequent Default, Number of Contracts
—

 
—

 
—

 
—

 
—

Subsequent Default, Recorded Investment
—

 
—

 
—

 
—

 
—

Commitments to lend additional funds to modified loans
—

 
—

 
—

 
—

 
—