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Note 11 - Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value, Option, Quantitative Disclosures [Table Text Block]

		Fair Value				Fair Value				Changes in Fair Values For Items Measured at Fair Value
		Measurements				Measurements				Pursuant to Election of the Fair Value Option
		at September 30,				at December 31,				Three Months Ended								Nine Months Ended
(Dollars in thousands)		2015				2014				September 30, 2015				September 30, 2014				September 30, 2015				September 30, 2014
Mortgage-backed securities		$	3,826			$	4,678			$	-			$	(16	)		$	(36	)		$	56
Other securities			28,242				27,915				59				14				148				511
Borrowed funds			28,491				28,771				987				(144	)			282				35
Net gain (loss) from fair value adjustments (1) (2)										$	1,046			$	(146	)		$	394			$	602

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

		Quoted Prices in Active Markets for Identical Assets (Level 1)								Significant Other Observable Inputs (Level 2)								Significant Other Unobservable Inputs (Level 3)								Total carried at fair value on a recurring basis
		2015				2014				2015				2014				2015				2014				2015				2014
		(In thousands)
Assets:
Mortgage-backed securities		$	-			$	-			$	690,044			$	704,933			$	-			$	-			$	690,044			$	704,933
Other securities			-				-				311,320				245,768				7,181				22,609				318,501				268,377
Interest rate swaps			-				-				-				84				-				-				-				84
Total assets		$	-			$	-			$	1,001,364			$	950,785			$	7,181			$	22,609			$	1,008,545			$	973,394
Liabilities:
Borrowings		$	-			$	-			$	-			$	-			$	28,491			$	28,771			$	28,491			$	28,771
Interest rate swaps			-				-				5,079				2,649				-				-				5,079				2,649
Total liabilities		$	-			$	-			$	5,079			$	2,649			$	28,491			$	28,771			$	33,570			$	31,420

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

		For the three months ended September 30, 2015
		Municipals				Trust preferred securities				Junior subordinated debentures
		(In thousands)
Beginning balance		$	7,899			$	7,226			$	29,476
Transfer to held-to-maturity			-				-				-
Principal repayments			(7,899	)			-				-
Maturities			-				-				-
Net loss from fair value adjustment of financial assets included in earnings (1)			-				(44	)			-
Net gain from fair value adjustment of financial liabilities included in earnings (1)			-				-				(988	)
Increase in accrued interest payable			-				-				3
Change in unrealized losses included in other comprehensive income			-				(1	)			-
Ending balance		$	-			$	7,181			$	28,491
Changes in unrealized losses held at period end		$	-			$	(1	)		$	-

		For the three months ended September 30, 2014
		Municipals				Trust preferred securities				Junior subordinated debentures
		(In thousands)
Beginning balance		$	10,592			$	13,361			$	29,388
Purchases			2,000				-				-
Maturities			(85	)			-				-
Principal repayments			(54	)			-				-
Net gain from fair value adjustment of financial assets included in earnings (1)			-				45				-
Net loss from fair value adjustment of financial liabilities included in earnings (1)			-				-				145
Increase in accrued interest payable			-				-				2
Change in unrealized gains (losses) included in other comprehensive income			-				212				-
Ending balance		$	12,453			$	13,618			$	29,535
Changes in unrealized gains held at period end		$	-			$	212			$	-

		For the nine months ended September 30, 2015
		Municipals				Trust preferred securities				Junior subordinated debentures
		(In thousands)
Beginning balance		$	15,519			$	7,090			$	28,771
Transfer to held-to-maturity			(4,510	)			-				-
Purchases			1,000				-				-
Principal repayments			(8,009	)			-				-
Maturities			(4,000	)			-				-
Net gain from fair value adjustment of financial assets included in earnings (1)			-				86				-
Net gain from fair value adjustment of financial liabilities included in earnings (1)			-				-				(283	)
Increase in accrued interest payable			-				-				3
Change in unrealized gains (losses) included in other comprehensive income			-				5				-
Ending balance		$	-			$	7,181			$	28,491
Changes in unrealized gains held at period end		$	-			$	5			$	-

		For the nine months ended September 30, 2014
		Municipals				Trust preferred securities				Junior subordinated debentures
		(In thousands)
Beginning balance		$	9,223			$	14,935			$	29,570
Purchases			4,475				-				-
Maturities			(1,085	)			-				-
Principal repayments			(160	)			-				-
Sales			-				(1,871	)			-
Net gain from fair value adjustment of financial assets included in earnings (1)			-				99				-
Net gain from fair value adjustment of financial liabilities included in earnings (1)			-				-				(34	)
Decrease in accrued interest payable			-				-				(1	)
Change in unrealized gains (losses) included in other comprehensive income			-				455				-
Ending balance		$	12,453			$	13,618			$	29,535
Changes in unrealized gains held at period end		$	-			$	455			$	-

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

		Fair Value				Valuation Technique		Unobservable Input		Range						Weighted Average
		(Dollars in thousands)
Assets:
Trust Preferred Securities		$	7,181			Discounted cash flows		Discount rate			7.0%	-	7.1%				7.1%
Liabilities:
Junior subordinated debentures		$	28,491			Discounted cash flows		Discount rate				7.0%					7.0%

		Fair Value				Valuation Technique		Unobservable Input		Range						Weighted Average
		(Dollars in thousands)
Assets:
Municipals		$	15,519			Discounted cash flows		Discount rate			0.2%	-	4.0%				2.3%
Trust Preferred Securities		$	7,090			Discounted cash flows		Discount rate			7.0%	-	7.25%				7.2%
Liabilities:
Junior subordinated debentures		$	28,771			Discounted cash flows		Discount rate				7.0%					7.0%

		Fair Value				Valuation Technique		Unobservable Input		Range						Weighted Average
		(Dollars in thousands)
Assets:
Impaired loans		$	3,890			Income  approach		Capitalization rate			6.0%	to	8.0%				7.5%
								Loss severity discount			0.5%	to	55.4%				15.8%
Impaired loans		$	5,534			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-50.0%	to	40.0%				-4.6%
								Loss severity discount			0.2%	to	89.4%				12.9%
Impaired loans		$	5,994			Blended income and sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-50.0%	to	25.0%				-2.3%
								Capitalization rate			5.6%	to	11.0%				7.2%
								Loss severity discount			0.9%	to	51.4%				15.9%
Other real estate owned		$	3,750			Income  approach		Capitalization rate				9.0%					9.0%
								Loss severity discount				19.0%					19.0%
Other real estate owned		$	289			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-5.0%	to	25.0%				10.0%
								Loss severity discount				1.6%					1.6%
Other real estate owned		$	816			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				8.6%					8.6%
								Loss severity discount				1.3%					1.3%

		Fair Value				Valuation Technique		Unobservable Input		Range						Weighted Average
		(Dollars in thousands)
Assets:
Impaired loans		$	6,981			Income  approach		Capitalization rate			7.3%	to	8.5%				7.8%
								Loss severity discount			0.5%	to	81.7%				21.3%
Impaired loans		$	6,935			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-41.5%	to	40.0%				-2.2%
								Loss severity discount			1.8%	to	89.4%				20.0%
Impaired loans		$	8,258			Blended income and sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-55.0%	to	25.0%				-6.1%
								Capitalization rate			5.8%	to	11.0%				8.0%
								Loss severity discount			0.9%	to	74.4%				30.0%
Other real estate owned		$	4,768			Income  approach		Capitalization rate			9.0%	to	12.0%				9.1%
								Loss severity discount			0.9%	to	4.9%				1.0%
Other real estate owned		$	587			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-11.9%	to	15.0%				-3.5%
								Loss severity discount			0.0%	to	36.9%				9.6%
Other real estate owned		$	971			Blended income and sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-25.0%	to	0.0%				-8.9%
								Capitalization rate			7.5%	to	8.0%				7.7%
								Loss severity discount			0.0%	to	6.2%				3.0%

Fair Value Measurements, Nonrecurring [Table Text Block]

		Quoted Prices in Active Markets for Identical Assets (Level 1)								Significant Other Observable Inputs (Level 2)								Significant Other Unobservable Inputs (Level 3)								Total carried at fair value on a non-recurring basis
		2015				2014				2015				2014				2015				2014				2015				2014
		(In thousands)
Assets:
Impaired loans		$	-			$	-			$	-			$	-			$	15,418			$	22,174			$	15,418			$	22,174
Other real estate owned			-				-				-				-				4,855				6,326				4,855				6,326
Total assets		$	-			$	-			$	-			$	-			$	20,273			$	28,500			$	20,273			$	28,500

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

		September 30, 2015
		Carrying Amount				Fair Value				Level 1				Level 2				Level 3
		(in thousands)
Assets:
Cash and due from banks		$	34,474			$	34,474			$	34,474			$	-			$	-
Securities held-to-maturity			6,220				6,220				-				-				6,220
Mortgage-backed securities available for sale			690,044				690,044				-				690,044				-
Other securities available for sale			318,501				318,501				-				311,320				7,181
Loans			4,200,949				4,243,040				-				-				4,243,040
FHLB-NY stock			53,391				53,391				-				53,391				-
Total assets		$	5,303,579			$	5,345,670			$	34,474			$	1,054,755			$	4,256,441
Liabilities:
Deposits		$	3,727,413			$	3,751,619			$	2,340,468			$	1,411,151			$	-
Borrowings			1,236,577				1,254,194				-				1,225,703				28,491
Interest rate swaps			5,079				5,079				-				5,079				-
Total liabilities		$	4,969,069			$	5,010,892			$	2,340,468			$	2,641,933			$	28,491

		December 31, 2014
		Carrying Amount				Fair Value				Level 1				Level 2				Level 3
		(in thousands)
Assets:
Cash and due from banks		$	34,265			$	34,265			$	34,265			$	-			$	-
Mortgage-backed Securities			704,933				704,933				-				704,933				-
Other securities			268,377				268,377				-				245,768				22,609
Loans			3,810,373				3,871,087				-				-				3,871,087
FHLB-NY stock			46,924				46,924				-				46,924				-
Interest rate swaps			84				84				-				84				-
Total assets		$	4,864,956			$	4,925,670			$	34,265			$	997,709			$	3,893,696
Liabilities:
Deposits		$	3,508,598			$	3,524,123			$	2,202,775			$	1,321,348			$	-
Borrowings			1,056,492				1,070,428				-				1,041,657				28,771
Interest rate swaps			2,649				2,649				-				2,649				-
Total liabilities		$	4,567,739			$	4,597,200			$	2,202,775			$	2,365,654			$	28,771

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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