Loans (Tables)

3 Months Ended

Mar. 31, 2020

Loans [Abstract]

Loans Outstanding By Class Of Loans

	March 31,		December 31, 2019
	2020		Loans						Allowance for Loan Losses
(in thousands)	Loans ‎Outstanding		Individually ‎Evaluated		Collectively ‎Evaluated		Ending ‎Balance		Individually ‎Evaluated		Collectively ‎Evaluated		Ending ‎Balance
Commercial and industrial	$	126,073	$	—	$	103,879	$	103,879	$	—	$	1,493	$	1,493
Commercial mortgages:
Multifamily		813,859		—		835,013		835,013		—		7,151		7,151
Other		442,181		—		447,484		447,484		—		3,498		3,498
Owner-occupied		120,217		501		118,291		118,792		—		921		921
Residential mortgages:
Closed end		1,558,401		1,189		1,620,230		1,621,419		14		15,684		15,698
Revolving home equity		60,296		—		59,231		59,231		—		515		515
Consumer and other		2,274		268		2,163		2,431		—		13		13
	$	3,123,301	$	1,958	$	3,186,291	$	3,188,249	$	14	$	29,275	$	29,289

Allowance For Loan Losses

(in thousands)	Balance at ‎ 1/1/20 After Implementation ‎of ASC 326		Chargeoffs		Recoveries		Provision (Credit) for Credit Losses		Balance at ‎3/31/20
Commercial and industrial	$	1,249	$	618	$	187	$	1,113	$	1,931
Commercial mortgages:
Multifamily		8,210		—		—		437		8,647
Other		3,451		—		—		341		3,792
Owner-occupied		1,699		—		—		83		1,782
Residential mortgages:
Closed end		17,054		—		—		405		17,459
Revolving home equity		509		—		—		(22)		487
Consumer and other		5		1		2		1		7
	$	32,177	$	619	$	189	$	2,358	$	34,105

(in thousands)	Balance at ‎1/1/19		Chargeoffs		Recoveries		Provision (Credit) for Loan Losses		Balance at ‎3/31/19
Commercial and industrial	$	1,158	$	54	$	4	$	(61)	$	1,047
Commercial mortgages:
Multifamily		5,851		—		—		584		6,435
Other		3,783		—		—		(266)		3,517
Owner-occupied		743		—		—		(58)		685
Residential mortgages:
Closed end		18,844		134		1		(640)		18,071
Revolving home equity		410		—		—		(8)		402
Consumer and other		49		—		1		(8)		42
	$	30,838	$	188	$	6	$	(457)	$	30,199

Aging Of The Recorded Investment In Loans

	March 31, 2020
	Past Due						Nonaccrual
							With an		With No		Total Past
					90 Days or		Allowance		Allowance		Due Loans &
					More and		for Credit		for Credit		Nonaccrual				Total
(in thousands)	30-59 Days		60-89 Days		Still Accruing		Loss		Loss		Loans		Current		Loans
Commercial and industrial	$	415	$	—	$	—	$	—	$	—	$	415	$	125,658	$	126,073
Commercial mortgages:
Multifamily		—		—		—		—		1,325		1,325		812,534		813,859
Other		683		—		—		—		872		1,555		440,626		442,181
Owner-occupied		—		—		—		—		—		—		120,217		120,217
Residential mortgages:
Closed end		362		—		—		—		2,254		2,616		1,555,785		1,558,401
Revolving home equity		265		—		—		—		390		655		59,641		60,296
Consumer and other		—		—		—		—		—		—		2,274		2,274
	$	1,725	$	—	$	—	$	—	$	4,841	$	6,566	$	3,116,735	$	3,123,301
	December 31, 2019
Commercial and industrial	$	196	$	—	$	—	$	—	$	—	$	196	$	103,683	$	103,879
Commercial mortgages:
Multifamily		—		—		—		—		—		—		835,013		835,013
Other		—		—		—		—		—		—		447,484		447,484
Owner-occupied		—		—		—		—		—		—		118,792		118,792
Residential mortgages:
Closed end		2,316		—		—		—		888		3,204		1,618,215		1,621,419
Revolving home equity		—		414		—		—		—		414		58,817		59,231
Consumer and other		2		—		—		—		—		2		2,429		2,431
	$	2,514	$	414	$	—	$	—	$	888	$	3,816	$	3,184,433	$	3,188,249

Risk Ratings

The following tables present the amortized cost basis of loans by class of loans and risk rating for the periods indicated. Loans shown as Pass are all loans other than those risk rated Watch, Special Mention, Substandard or Doubtful.

	March 31, 2020
	Term Loans by Origination Year
													Revolving
(in thousands)	2020		2019		2018		2017		2016		Prior		Loans		Total
Commercial and industrial:
Pass	$	15,540	$	16,774	$	12,124	$	14,783	$	8,182	$	27,208	$	27,274	$	121,885
Watch		—		—		—		—		—		2,408		—		2,408
Special Mention		—		—		—		—		—		750		—		750
Substandard		—		771		—		—		—		259		—		1,030
Doubtful		—		—		—		—		—		—		—		—
	$	15,540	$	17,545	$	12,124	$	14,783	$	8,182	$	30,625	$	27,274	$	126,073
Commercial mortgages – multifamily:
Pass	$	10,809	$	155,469	$	166,365	$	163,857	$	33,366	$	279,037	$	—	$	808,903
Watch		—		—		—		1,322		—		—		—		1,322
Special Mention		—		—		—		—		2,309		—		—		2,309
Substandard		—		—		—		—		1,325		—		—		1,325
Doubtful		—		—		—		—		—		—		—		—
	$	10,809	$	155,469	$	166,365	$	165,179	$	37,000	$	279,037	$	—	$	813,859
Commercial mortgages – other:
Pass	$	22,871	$	43,516	$	52,786	$	56,937	$	101,642	$	153,781	$	—	$	431,533
Watch		—		—		—		—		9,776		—		—		9,776
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		872		—		872
Doubtful		—		—		—		—		—		—		—		—
	$	22,871	$	43,516	$	52,786	$	56,937	$	111,418	$	154,653	$	—	$	442,181
Commercial mortgages – owner-occupied:
Pass	$	3,550	$	44,014	$	9,285	$	10,267	$	12,831	$	35,163	$	—	$	115,110
Watch		—		—		—		—		—		2,515		—		2,515
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		1,881		—		711		—		2,592
Doubtful		—		—		—		—		—		—		—		—
	$	3,550	$	44,014	$	9,285	$	12,148	$	12,831	$	38,389	$	—	$	120,217
Residential mortgages – closed end:
Pass	$	412	$	30,094	$	356,704	$	404,019	$	292,070	$	472,400	$	—	$	1,555,699
Watch		—		—		—		—		—		304		—		304
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		463		—		—		1,935		—		2,398
Doubtful		—		—		—		—		—		—		—		—
	$	412	$	30,094	$	357,167	$	404,019	$	292,070	$	474,639	$	—	$	1,558,401
Residential mortgages – revolving home equity:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	59,491	$	59,491
Watch		—		—		—		—		—		—		415		415
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		390		390
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	—	$	—	$	—	$	—	$	—	$	60,296	$	60,296
Consumer and other (1):
Pass	$	253	$	226	$	85	$	40	$	801	$	408	$	—	$	1,813
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		259		—		—		—		—		—		259
Doubtful		—		—		—		—		—		—		—		—
	$	253	$	485	$	85	$	40	$	801	$	408	$	—	$	2,072

	December 31, 2019
	Internally Assigned Risk Rating
					Special
(in thousands)	Pass		Watch		Mention		Substandard		Doubtful		Total
Commercial and industrial	$	100,095	$	—	$	3,493	$	291	$	—	$	103,879
Commercial mortgages:
Multifamily		831,360		—		3,653		—		—		835,013
Other		437,655		—		9,829		—		—		447,484
Owner-occupied		113,534		—		4,757		501		—		118,792
Residential mortgages:
Closed end		1,619,034		306		890		1,189		—		1,621,419
Revolving home equity		58,816		415		—		—		—		59,231
Consumer and other (1)		1,644		—		—		268		—		1,912
	$	3,162,138	$	721	$	22,622	$	2,249	$	—	$	3,187,730

(1) Deposit account overdrafts were $202,000 and $519,000 at March 31, 2020 and December 31, 2019, respectively. Overdrafts are not assigned a risk rating and are therefore excluded from consumer loans in the tables above.