Loans (Tables)

6 Months Ended

Jun. 30, 2022

Loans [Abstract]

Loans Outstanding By Class Of Loans

(in thousands)	June 30, 2022		December 31, 2021
Commercial and industrial	$	108,049	$	90,386
SBA PPP		4,427		30,534
Commercial mortgages:
Multifamily		959,242		864,207
Other		772,922		700,872
Owner-occupied		216,157		171,533
Residential mortgages:
Closed end		1,228,607		1,202,374
Revolving home equity		44,929		44,139
Consumer and other		1,214		991
	$	3,335,547	$	3,105,036

Allowance For Loan Losses

(in thousands)	Balance at ‎1/1/2022		Chargeoffs		Recoveries		Provision (Credit) for Credit Losses		Balance at ‎6/30/2022
Commercial and industrial	$	888	$	80	$	43	$	190	$	1,041
SBA PPP		46		—		—		(39)		7
Commercial mortgages:
Multifamily		8,154		—		—		723		8,877
Other		6,478		—		—		446		6,924
Owner-occupied		2,515		—		—		446		2,961
Residential mortgages:
Closed end		11,298		88		—		(516)		10,694
Revolving home equity		449		—		—		(99)		350
Consumer and other		3		—		—		8		11
	$	29,831	$	168	$	43	$	1,159	$	30,865

(in thousands)	Balance at ‎4/1/2022		Chargeoffs		Recoveries		Provision (Credit) for Credit Losses		Balance at ‎6/30/2022
Commercial and industrial	$	1,042	$	76	$	16	$	59	$	1,041
SBA PPP		19		—		—		(12)		7
Commercial mortgages:
Multifamily		8,384		—		—		493		8,877
Other		6,715		—		—		209		6,924
Owner-occupied		2,722		—		—		239		2,961
Residential mortgages:
Closed end		11,016		88		—		(234)		10,694
Revolving home equity		376		—		—		(26)		350
Consumer and other		13		—		—		(2)		11
	$	30,287	$	164	$	16	$	726	$	30,865

(in thousands)	Balance at ‎1/1/2021		Chargeoffs		Recoveries		Provision (Credit) for Credit Losses		Balance at ‎6/30/2021
Commercial and industrial	$	1,416	$	227	$	168	$	(349)	$	1,008
SBA PPP		209		—		—		(68)		141
Commercial mortgages:
Multifamily		9,474		252		—		(609)		8,613
Other		4,913		—		—		450		5,363
Owner-occupied		1,905		165		91		64		1,895
Residential mortgages:
Closed end		14,706		79		3		(1,314)		13,316
Revolving home equity		407		—		—		221		628
Consumer and other		7		—		1		(4)		4
	$	33,037	$	723	$	263	$	(1,609)	$	30,968

(in thousands)	Balance at ‎4/1/2021		Chargeoffs		Recoveries		Provision (Credit) for Credit Losses		Balance at ‎6/30/2021
Commercial and industrial	$	1,143	$	92	$	156	$	(199)	$	1,008
SBA PPP		269		—		—		(128)		141
Commercial mortgages:
Multifamily		9,074		2		—		(459)		8,613
Other		4,967		—		—		396		5,363
Owner-occupied		1,911		—		—		(16)		1,895
Residential mortgages:
Closed end		13,636		79		3		(244)		13,316
Revolving home equity		599		—		—		29		628
Consumer and other		5		—		1		(2)		4
	$	31,604	$	173	$	160	$	(623)	$	30,968

Aging Of The Recorded Investment In Loans

	June 30, 2022
	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	$	—	$	—	$	—	$	—	$	—	$	—	$	108,049	$	108,049
SBA PPP		—		193		—		—		—		193		4,234		4,427
Commercial mortgages:
Multifamily		—		—		—		—		—		—		959,242		959,242
Other		—		—		—		—		—		—		772,922		772,922
Owner-occupied		—		—		—		—		—		—		216,157		216,157
Residential mortgages:
Closed end		—		—		—		—		260		260		1,228,347		1,228,607
Revolving home equity		—		—		—		—		—		—		44,929		44,929
Consumer and other		—		—		—		—		—		—		1,214		1,214
	$	—	$	193	$	—	$	—	$	260	$	453	$	3,335,094	$	3,335,547
	December 31, 2021
Commercial and industrial	$	128	$	—	$	—	$	—	$	—	$	128	$	90,258	$	90,386
SBA PPP		259		—		—		—		—		259		30,275		30,534
Commercial mortgages:
Multifamily		—		—		—		—		—		—		864,207		864,207
Other		—		—		—		—		—		—		700,872		700,872
Owner-occupied		—		—		—		—		—		—		171,533		171,533
Residential mortgages:
Closed end		—		—		—		—		1,235		1,235		1,201,139		1,202,374
Revolving home equity		—		—		—		—		—		—		44,139		44,139
Consumer and other		73		—		—		—		—		73		918		991
	$	460	$	—	$	—	$	—	$	1,235	$	1,695	$	3,103,341	$	3,105,036

Amortized Cost Basis of Loans by Class of Loans, Vintage and Risk Rating

	June 30, 2022
	Term Loans by Origination Year												Revolving
(in thousands)	2022		2021		2020		2019		2018		Prior		Loans (1)		Total
Commercial and industrial:
Risk rating:
Pass	$	14,388	$	37,178	$	13,971	$	7,311	$	8,469	$	9,564	$	16,900	$	107,781
Watch		—		—		268		—		—		—		—		268
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	14,388	$	37,178	$	14,239	$	7,311	$	8,469	$	9,564	$	16,900	$	108,049
Current-period gross chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	(80)	$	(80)
Current-period recoveries		—		—		—		—		—		—		43		43
Current-period net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	(37)	$	(37)
SBA PPP:
Risk rating:
Pass	$	—	$	4,234	$	193	$	—	$	—	$	—	$	—	$	4,427
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	4,234	$	193	$	—	$	—	$	—	$	—	$	4,427
Current-period gross chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current-period recoveries		—		—		—		—		—		—		—		—
Current-period net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial mortgages – multifamily:
Risk rating:
Pass	$	167,476	$	182,443	$	40,105	$	137,117	$	140,252	$	282,881	$	225	$	950,499
Watch		—		—		—		—		2,375		—		—		2,375
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		6,368		—		6,368
Doubtful		—		—		—		—		—		—		—		—
	$	167,476	$	182,443	$	40,105	$	137,117	$	142,627	$	289,249	$	225	$	959,242
Current-period gross chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current-period recoveries		—		—		—		—		—		—		—		—
Current-period net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial mortgages – other:
Risk rating:
Pass	$	135,167	$	226,470	$	112,845	$	36,121	$	44,350	$	210,094	$	—	$	765,047
Watch		—		—		—		—		943		1,169		—		2,112
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		5,763		—		5,763
Doubtful		—		—		—		—		—		—		—		—
	$	135,167	$	226,470	$	112,845	$	36,121	$	45,293	$	217,026	$	—	$	772,922
Current-period gross chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current-period recoveries		—		—		—		—		—		—		—		—
Current-period net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial mortgages – owner-occupied:
Risk rating:
Pass	$	45,877	$	62,697	$	23,389	$	42,105	$	2,874	$	38,505	$	710	$	216,157
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	45,877	$	62,697	$	23,389	$	42,105	$	2,874	$	38,505	$	710	$	216,157
Current-period gross chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current-period recoveries		—		—		—		—		—		—		—		—
Current-period net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

	June 30, 2022
	Term Loans by Origination Year												Revolving
(in thousands)	2022		2021		2020		2019		2018		Prior		Loans (1)		Total
Residential mortgages:
Risk rating:
Pass	$	133,132	$	174,177	$	37,843	$	17,429	$	190,953	$	674,336	$	44,929	$	1,272,799
Watch		—		—		—		—		—		477		—		477
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		260		—		260
Doubtful		—		—		—		—		—		—		—		—
	$	133,132	$	174,177	$	37,843	$	17,429	$	190,953	$	675,073	$	44,929	$	1,273,536
Current-period gross chargeoffs	$	—	$	—	$	—	$	—	$	—	$	(88)	$	—	$	(88)
Current-period recoveries		—		—		—		—		—		—		—		—
Current-period net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	(88)	$	—	$	(88)
Consumer and other:
Risk rating:
Pass	$	267	$	—	$	—	$	100	$	—	$	113	$	556	$	1,036
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Not Rated		—		—		—		—		—		—		178		178
	$	267	$	—	$	—	$	100	$	—	$	113	$	734	$	1,214
Current-period gross chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current-period recoveries		—		—		—		—		—		—		—		—
Current-period net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total Loans	$	496,307	$	687,199	$	228,614	$	240,183	$	390,216	$	1,229,530	$	63,498	$	3,335,547
Total net chargeoffs	$	—	$	—	$	—	$	—	$	—	$	(88)	$	(37)	$	(125)

(1) Includes commercial and industrial and residential mortgage lines converted to term of $6.0 million and $9.0 million, respectively.