Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

Fair Value Option, Disclosures [Table Text Block]

	Fair Value		Fair Value
	Measurements		Measurements
	at March 31,		at December 31,		Three Months Ended
(In thousands)	2020		2019		March 31, 2020		March 31, 2019
Mortgage-backed securities	$	738	$	772	$	3	$	1
Other securities		13,831		13,548		219		179
Borrowed funds		45,126		44,384		(2,351)		(1,210)
Net loss from fair value adjustments (1)					$	(2,129)	$	(1,030)

(1) The net loss from fair value adjustments presented in the above table does not include losses of $3.9 million and $1.1 million for the three months ended March 31, 2020 and 2019, respectively, from the change in the fair value of interest rate swaps.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Quoted Prices
	in Active Markets				Significant Other				Significant Other
	for Identical Assets				Observable Inputs				Unobservable Inputs				Total carried at fair value
	(Level 1)				(Level 2)				(Level 3)				on a recurring basis
	2020		2019		2020		2019		2020		2019		2020		2019
	(In thousands)
Assets:
Securities available for sale
Mortgage-backed Securities	$	—	$	—	$	489,556	$	523,849	$	—	$	—	$	489,556	$	523,849
Other securities		12,476		12,216		212,025		235,103		1,355		1,332		225,856		248,651
Interest rate swaps		—		—		—		2,352		—		—		—		2,352
Total assets	$	12,476	$	12,216	$	701,581	$	761,304	$	1,355	$	1,332	$	715,412	$	774,852
Liabilities:
Borrowings	$	—	$	—	$	—	$	—	$	45,126	$	44,384	$	45,126	$	44,384
Interest rate swaps		—		—		70,611		19,653		—		—		70,611		19,653
Total liabilities	$	—	$	—	$	70,611	$	19,653	$	45,126	$	44,384	$	115,737	$	64,037

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	For the three months ended
	March 31, 2020				March 31, 2019
	Trust preferred		Junior subordinated		Trust preferred		Junior subordinated
	securities		debentures		securities		debentures
	(In thousands)
Beginning balance	$	1,332	$	44,384	$	1,256	$	41,849
Net gain from fair value adjustment of financial assets (1)		24		—		33		—
Net loss from fair value adjustment of financial liabilities (1)		—		2,351		—		1,210
Decrease in accrued interest receivable		(1)		—		—		—
(Decrease) increase in accrued interest payable		—		(24)		—		9
Change in unrealized gains included in other comprehensive income		—		(1,585)		—		(127)
Ending balance	$	1,355	$	45,126	$	1,289	$	42,941
Changes in unrealized gains held at period end	$	—		3,062		—		1,375

(1) Totals in the table above are presented in the Consolidated Statement of Income under net loss from fair value adjustments.

Fair Value Measurements, Nonrecurring [Table Text Block]

	Quoted Prices
	in Active Markets				Significant Other				Significant Other
	for Identical Assets				Observable Inputs				Unobservable Inputs				Total carried at fair value
	(Level 1)				(Level 2)				(Level 3)				on a non-recurring basis
	2020		2019		2020		2019		2020		2019		2020		2019
	(In thousands)
Assets
Non-accrual loans	$	—	$	—	$	—	$	—	$	1,259	$	1,081	$	1,259	$	1,081
Other real estate owned		—		—		—		—		208		239		208		239
Total assets	$	—	$	—	$	—	$	—	$	1,467	$	1,320	$	1,467	$	1,320

Fair Value, by Balance Sheet Grouping [Table Text Block]

	March 31, 2020
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
	(In thousands)
Assets:
Cash and due from banks	$	157,184	$	157,184	$	157,184	$	—	$	—
Securities held-to-maturity
Mortgage-backed securities		7,929		8,953		—		8,953		—
Other securities		50,225		51,938		—		—		51,938
Securities available for sale
Mortgage-backed securities		489,556		489,556		—		489,556		—
Other securities		225,856		225,856		12,476		212,025		1,355
Loans		5,932,088		6,035,453		—		—		6,035,453
FHLB-NY stock		74,000		74,000		—		74,000		—
Accrued interest receivable		25,526		25,527		2		2,254		23,271
Liabilities:
Deposits	$	4,901,486	$	4,914,041	$	3,729,105	$	1,184,936	$	—
Borrowings		1,617,582		1,624,010		—		1,578,884		45,126
Accrued interest payable		7,492		7,492		—		7,492		—
Interest rate swaps		70,611		70,611		—		70,611		—

	December 31, 2019
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
	(In thousands)
Assets:
Cash and due from banks	$	49,787	$	49,787	$	49,787	$	—	$	—
Securities held-to-maturity
Mortgage-backed securities		7,934		8,114		—		8,114		—
Other securities		50,954		53,998		—		—		53,998
Securities available for sale
Mortgage-backed securities		523,849		523,849		—		523,849		—
Other securities		248,651		248,651		12,216		235,103		1,332
Loans		5,772,206		5,822,124		—		—		5,822,124
FHLB-NY stock		56,921		56,921		—		56,921		—
Accrued interest receivable		25,722		25,722		9		2,519		23,194
Interest rate swaps		2,352		2,352		—		2,352		—
Liabilities:
Deposits	$	5,066,424	$	5,070,046	$	3,628,534	$	1,441,512	$	—
Borrowings		1,237,231		1,389,883		—		1,345,499		44,384
Accrued interest payable		6,752		6,752		—		6,752		—
Interest rate swaps		19,653		19,653		—		19,653		—

Fair Value, Measurements, Nonrecurring [Member]

Notes Tables

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	March 31, 2020
	Fair Value		Valuation Technique	Unobservable Input	Range	Weighted Average
	(Dollars in thousands)
Assets:
Non-accrual loans	$	169	Sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	0.0%	0.0%
				Reduction for planned expedited disposal	47.8%	47.8%
Non-accrual loans	$	818	Discounted Cash flow	Discount Rate	6.4%	6.4%
				Probability of Default	20.0%	20.0%
Non-accrual loans	$	272	Blended income and sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	(10.0) to 15.0%	2.5%
				Capitalization rate	9.5%	9.5%
				Reduction for planned expedited disposal	15.0%	15.0%
Other real estate owned		208	Sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	0.5% to 12.5%	6.5%
				Reduction for planned expedited disposal	0.0%	0.0%

	At December 31, 2019
	Fair Value		Valuation Technique	Unobservable Input	Range	Weighted Average
	(Dollars in thousands)
Assets:
Impaired loans	$	809	Discounted Cash flow	Discount Rate	6.4%	6.4%
				Probability of Default	20.0%	20.0%
Impaired loans	$	272	Blended income and sales approach	Adjustment to sales comparison value to reconcile differences between comparable sales	(10.0) to 15.0	2.5%
				Capitalization Rate	9.5%	9.5%
				Reduction for planned expedited disposal	15.0%	15.0%
Other real estate owned	$	239	Sales approach	Reduction for planned expedited disposal	0.5 to 12.5	6.5%

Fair Value, Measurements, Recurring [Member]

Notes Tables

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	March 31, 2020
	Fair Value		Valuation Technique	Unobservable Input	Range	Weighted Average
		(Dollars in thousands)
Assets:
Trust preferred securities	$	1,355	Discounted cash flows	Discount rate	n/a	3.7	%
Liabilities:
Junior subordinated debentures	$	45,126	Discounted cash flows	Discount rate	n/a	3.7	%

	December 31, 2019
	Fair Value		Valuation Technique	Unobservable Input	Range	Weighted Average
	(Dollars in thousands)
Assets:
Trust preferred securities	$	1,332	Discounted cash flows	Discount rate	n/a	4.2	%
Liabilities:
Junior subordinated debentures	$	44,384	Discounted cash flows	Discount rate	n/a	4.2	%