Loans (Tables)

9 Months Ended

Sep. 30, 2019

Loans [Abstract]

Loans Individually And Collectively Evaluated For Impairment

	September 30, 2019
	Loans						Allowance for Loan Losses
(in thousands)	Individually ‎Evaluated for ‎Impairment		Collectively ‎Evaluated for ‎Impairment		Ending ‎Balance		Individually ‎Evaluated for ‎Impairment		Collectively ‎Evaluated for ‎Impairment		Ending ‎Balance
Commercial and industrial	$	73	$	105,353	$	105,426	$	36	$	1,333	$	1,369
Commercial mortgages:
Multifamily		—		798,289		798,289		—		6,819		6,819
Other		—		435,105		435,105		—		3,389		3,389
Owner-occupied		506		118,018		118,524		—		1,058		1,058
Residential mortgages:
Closed end		1,368		1,673,171		1,674,539		14		16,687		16,701
Revolving home equity		—		62,875		62,875		—		506		506
Consumer and other		278		2,098		2,376		—		14		14
	$	2,225	$	3,194,909	$	3,197,134	$	50	$	29,806	$	29,856
	December 31, 2018
Commercial and industrial	$	22	$	98,763	$	98,785	$	—	$	1,158	$	1,158
Commercial mortgages:
Multifamily		—		756,714		756,714		—		5,851		5,851
Other		—		433,330		433,330		—		3,783		3,783
Owner-occupied		520		90,731		91,251		—		743		743
Residential mortgages:
Closed end		1,814		1,807,837		1,809,651		16		18,828		18,844
Revolving home equity		743		66,967		67,710		—		410		410
Consumer and other		324		5,634		5,958		—		49		49
	$	3,423	$	3,259,976	$	3,263,399	$	16	$	30,822	$	30,838

Allowance For Loan Losses

(in thousands)	Balance at ‎1/1/19		Chargeoffs		Recoveries		Provision for ‎Loan Losses ‎(Credit)		Balance at ‎9/30/19
Commercial and industrial	$	1,158	$	492	$	18	$	685	$	1,369
Commercial mortgages:
Multifamily		5,851		—		—		968		6,819
Other		3,783		—		—		(394)		3,389
Owner-occupied		743		—		—		315		1,058
Residential mortgages:
Closed end		18,844		433		1		(1,711)		16,701
Revolving home equity		410		358		—		454		506
Consumer and other		49		1		4		(38)		14
	$	30,838	$	1,284	$	23	$	279	$	29,856
	Balance at ‎7/1/19		Chargeoffs		Recoveries		Provision for ‎Loan Losses ‎(Credit)		Balance at ‎9/30/19
Commercial and industrial	$	1,201	$	127	$	10	$	285	$	1,369
Commercial mortgages:
Multifamily		6,730		—		—		89		6,819
Other		3,440		—		—		(51)		3,389
Owner-occupied		828		—		—		230		1,058
Residential mortgages:
Closed end		17,148		—		—		(447)		16,701
Revolving home equity		397		109		—		218		506
Consumer and other		24		1		1		(10)		14
	$	29,768	$	237	$	11	$	314	$	29,856

(in thousands)	Balance at ‎1/1/18		Chargeoffs			Recoveries	Provision for ‎Loan Losses ‎(Credit)		Balance at ‎9/30/18
Commercial and industrial	$	1,441	$	482	$	6	$	187	$	1,152
Commercial mortgages:
Multifamily		6,423		—		—		74		6,497
Other		4,734		—		—		(538)		4,196
Owner-occupied		1,076		—		—		(250)		826
Residential mortgages:
Closed end		19,347		413		101		1,276		20,311
Revolving home equity		689		138		150		(194)		507
Consumer and other		74		4		—		(8)		62
	$	33,784	$	1,037	$	257	$	547	$	33,551
	Balance at ‎7/1/18		Chargeoffs			Recoveries	Provision for ‎Loan Losses ‎(Credit)		Balance at ‎9/30/18
Commercial and industrial	$	1,298	$	178	$	—	$	32	$	1,152
Commercial mortgages:
Multifamily		7,048		—		—		(551)		6,497
Other		4,768		—		—		(572)		4,196
Owner-occupied		911		—		—		(85)		826
Residential mortgages:
Closed end		20,953		393		1		(250)		20,311
Revolving home equity		775		89		150		(329)		507
Consumer and other		79		4		—		(13)		62
	$	35,832	$	664	$	151	$	(1,768)	$	33,551

Impaired Loans

							Nine Months Ended				Three Months Ended
	September 30, 2019						September 30, 2019				September 30, 2019
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
(in thousands)	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance recorded:
Commercial and industrial	$	2	$	2	$	—	$	11	$	1	$	5	$	—
Commercial mortgages - owner-occupied		506		589		—		513		23		508		8
Residential mortgages - closed end		1,216		1,236		—		1,241		4		1,223		2
Consumer and other		278		278		—		295		—		282		—
With an allowance recorded:
Commercial and industrial		71		71		36		72		—		74		—
Residential mortgages - closed end		152		152		14		153		5		153		1
Total:
Commercial and industrial		73		73		36		83		1		79		—
Commercial mortgages - owner-occupied		506		589		—		513		23		508		8
Residential mortgages - closed end		1,368		1,388		14		1,394		9		1,376		3
Consumer and other		278		278		—		295		—		282		—
	$	2,225	$	2,328	$	50	$	2,285	$	33	$	2,245	$	11

							Nine Months Ended				Three Months Ended
	December 31, 2018						September 30, 2018				September 30, 2018
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
(in thousands)	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
With no related allowance recorded:
Commercial and industrial	$	22	$	22	$	—	$	82	$	2	$	55	$	—
Commercial mortgages:
Other		—		—		—		2,800		—		2,777		—
Owner-occupied		520		604		—		534		18		523		6
Residential mortgages:
Closed end		1,561		1,573		—		751		4		718		1
Revolving home equity		743		747		—		757		—		756		—
Consumer and other		324		324		—		266		12		336		6
With an allowance recorded:
Residential mortgages - closed end		253		253		16		270		9		259		3
Total:
Commercial and industrial		22		22		—		82		2		55		—
Commercial mortgages:
Other		—		—		—		2,800		—		2,777		—
Owner-occupied		520		604		—		534		18		523		6
Residential mortgages:
Closed end		1,814		1,826		16		1,021		13		977		4
Revolving home equity		743		747		—		757		—		756		—
Consumer and other		324		324		—		266		12		336		6
	$	3,423	$	3,523	$	16	$	5,460	$	45	$	5,424	$	16

Aging Of The Recorded Investment In Loans

	September 30, 2019
					Past Due				Total Past
					90 Days or				Due Loans &
	30-59 Days		60-89 Days		More and		Nonaccrual		Nonaccrual				Total
(in thousands)	Past Due		Past Due		Still Accruing		Loans		Loans		Current		Loans
Commercial and industrial	$	1	$	207	$	—	$	71	$	279	$	105,147	$	105,426
Commercial mortgages:
Multifamily		—		—		—		—		—		798,289		798,289
Other		—		—		—		—		—		435,105		435,105
Owner-occupied		—		—		—		—		—		118,524		118,524
Residential mortgages:
Closed end		367		—		—		1,061		1,428		1,673,111		1,674,539
Revolving home equity		—		—		—		—		—		62,875		62,875
Consumer and other		2		—		—		—		2		2,374		2,376
	$	370	$	207	$	—	$	1,132	$	1,709	$	3,195,425	$	3,197,134
	December 31, 2018
Commercial and industrial	$	—	$	43	$	—	$	—	$	43	$	98,742	$	98,785
Commercial mortgages:
Multifamily		—		—		—		—		—		756,714		756,714
Other		—		—		—		—		—		433,330		433,330
Owner-occupied		—		—		—		—		—		91,251		91,251
Residential mortgages:
Closed end		864		—		—		1,392		2,256		1,807,395		1,809,651
Revolving home equity		—		—		—		743		743		66,967		67,710
Consumer and other		2		—		—		—		2		5,956		5,958
	$	866	$	43	$	—	$	2,135	$	3,044	$	3,260,355	$	3,263,399

Risk Ratings

The following tables present the recorded investment in commercial and industrial loans and commercial mortgage loans by class of loans and risk rating. Loans shown as Pass are all loans other than those risk rated Watch, Special Mention, Substandard or Doubtful.

	September 30, 2019
	Internally Assigned Risk Rating
					Special
(in thousands)	Pass		Watch		Mention		Substandard		Doubtful		Total
Commercial and industrial	$	104,531	$	—	$	500	$	395	$	—	$	105,426
Commercial mortgages:
Multifamily		795,953		—		2,336		—		—		798,289
Other		435,105		—		—		—		—		435,105
Owner-occupied		113,458		1,053		3,507		506		—		118,524
	$	1,449,047	$	1,053	$	6,343	$	901	$	—	$	1,457,344
	December 31, 2018
Commercial and industrial	$	97,684	$	—	$	667	$	434	$	—	$	98,785
Commercial mortgages:
Multifamily		756,714		—		—		—		—		756,714
Other		417,838		14,194		1,298		—		—		433,330
Owner-occupied		85,710		1,090		3,911		540		—		91,251
	$	1,357,946	$	15,284	$	5,876	$	974	$	—	$	1,380,080

The following tables present the recorded investment in residential mortgage loans, home equity lines and other consumer loans by class of loans and risk rating. Loans shown as Pass are all loans other than those risk rated by management as Watch, Special Mention, Substandard or Doubtful.

	September 30, 2019
	Internally Assigned Risk Rating
					Special
(in thousands)	Pass		Watch		Mention		Substandard			Doubtful	Total
Residential mortgages:
Closed end	$	1,671,967	$	308	$	896	$	1,368	$	—	$	1,674,539
Revolving home equity		62,220		416		239		—		—		62,875
Consumer and other		1,091		—		—		278		—		1,369
	$	1,735,278	$	724	$	1,135	$	1,646	$	—	$	1,738,783
	December 31, 2018
Residential mortgages:
Closed end	$	1,807,525	$	312	$	—	$	1,814	$	—	$	1,809,651
Revolving home equity		66,718		—		249		743		—		67,710
Consumer and other		4,958		—		—		324		—		5,282
	$	1,879,201	$	312	$	249	$	2,881	$	—	$	1,882,643