XML 33 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

15. SUBSEQUENT EVENTS

 

On July 12, 2017, the Bank filed an application with the New York State Department of Financial Services to convert the Bank from a national bank to a New York chartered commercial bank. The Bank also intends to file an application with the Federal Reserve Bank of New York to remain a member bank of the Federal Reserve System following the charter conversion. The Company does not expect the conversion to have a material impact on the Company’s consolidated financial statements.