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Note 18 - Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Note 18 - Fair Value of Financial Instruments (Tables) [Line Items]

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 December 31,				at December 31,				For the year ended December 31,
Description		2015				2014				2015				2014				2013
(Dollars in thousands)
Mortgage-backed securities		$	2,527			$	4,678			$	(59	)		$	75			$	(725	)
Other securities			28,205				27,915				53				598				241
Borrowed funds			29,018				28,771				(238	)			802				(5,651	)
Net gain (loss) from fair value adjustments (1)										$	(244	)		$	1,475			$	(6,135	)

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
Assets:
Securities available for sale
Mortgage-backed Securities		$	-			$	-			$	668,740			$	704,933			$	-			$	-			$	668,740			$	704,933
Other securities			-				-				317,445				245,768				7,212				22,609				324,657				268,377
Interest rate swaps			-				-				48				84				-				-				48				84
Total assets		$	-			$	-			$	986,233			$	950,785			$	7,212			$	22,609			$	993,445			$	973,394
Liabilities:
Borrowings		$	-			$	-			$	-			$	-			$	29,018			$	28,771			$	29,018			$	28,771
Interest rate swaps			-				-				4,314				2,649				-				-				4,314				2,649
Total liabilities		$	-			$	-			$	4,314			$	2,649			$	29,018			$	28,771			$	33,332			$	31,420

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

		For the year ended December 31, 2015
		Municipals				Trust preferred securities				Junior subordinated debentures
		(In thousands)
Beginning balance		$	15,519			$	7,090			$	28,771
Transfers to held-to-maturity			(4,510	)			-				-
Purchases			1,000				-				-
Principal repayments			(8,009	)			-				-
Maturities			(4,000	)			-				-
Sales			-				-				-
Net gain from fair value adjustment of financial assets (1)			-				117				-
Net loss from fair value adjustment of financial liabilities (1)			-				-				238
Increase in accrued interest payable			-				-				9
Change in unrealized gains included in other comprehensive income			-				5				-
Ending balance		$	-			$	7,212			$	29,018
Changes in unrealized held at period end		$	-			$	5			$	-

		For the year ended December 31, 2014
		Municipals				Trust preferred securities				Junior subordinated debentures
		(In thousands)
Beginning balance		$	9,223			$	14,935			$	29,570
Purchases			7,595				-				-
Principal repayments			(214	)			-				-
Maturities			(1,085	)			-				-
Sales			-				(11,133	)			-
Net gain from fair value adjustment of financial assets (1)			-				71				-
Net gain from fair value adjustment of financial liabilities (1)			-				-				(801	)
Increase in accrued interest payable			-				-				2
Change in unrealized gains included in other comprehensive income			-				3,217				-
Ending balance		$	15,519			$	7,090			$	28,771
Changes in unrealized held at period end		$	-			$	3,217			$	-

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
Assets:
Impaired loans		$	-			$	-			$	-			$	-			$	15,360			$	22,174			$	15,360			$	22,174
Other real estate owned			-				-				-				-				4,932				6,326				4,932				6,326
Total assets		$	-			$	-			$	-			$	-			$	20,292			$	28,500			$	20,292			$	28,500

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

		December 31, 2015
		Carrying Amount				Fair Value				Level 1				Level 2				Level 3
		(in thousands)
Assets:
Cash and due from banks		$	42,363			$	42,363			$	42,363			$	-			$	-
Securities held-to-maturity
Other securities			6,180				6,180				-				-				6,180
Securities available for sale
Mortgage-backed securities			668,740				668,740				-				668,740				-
Other securities			324,657				324,657				-				317,445				7,212
Loans			4,387,979				4,434,079				-				-				4,434,079
FHLB-NY stock			56,066				56,066				-				56,066				-
Interest rate swaps			48				48				-				48				-
Total assets		$	5,486,033			$	5,532,133			$	42,363			$	1,042,299			$	4,447,471
Liabilities:
Deposits		$	3,892,547			$	3,902,888			$	2,489,245			$	1,413,643			$	-
Borrowings			1,271,676				1,279,946				-				1,250,928				29,018
Interest rate swaps			4,314				4,314				-				4,314				-
Total liabilities		$	5,168,537			$	5,187,148			$	2,489,245			$	2,668,885			$	29,018

		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

Fair Value, Measurements, Recurring [Member]

Note 18 - Fair Value of Financial Instruments (Tables) [Line Items]

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		$	7,212			Discounted cash flows		Discount rate			7.0%	-	7.07%				7.1	%
Liabilities:
Junior subordinated debentures		$	29,018			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, Measurements, Nonrecurring [Member]

Note 18 - Fair Value of Financial Instruments (Tables) [Line Items]

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

		Fair Value				Valuation Technique		Unobservable Input		Range						Weighted Average
		(Dollars in thousands)
Assets:
Impaired loans		$	3,878			Income approach		Capitalization rate			7.3%	to	8.5%				7.7	%
								Loss severity discount				15.0%					15.0	%
Impaired loans		$	5,555			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-50.0%	to	40.0%				-2.2	%
								Loss severity discount				15.0%					15.0	%
Impaired loans		$	5,927			Blended income and sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-50.0%	to	25.0%				-2.2	%
								Capitalization rate			5.3%	to	9.0%				7.0	%
								Loss severity discount			5.2%	to	15.0%				13.7	%
Other real estate owned		$	3,750			Income approach		Capitalization rate				9.0%					9.0	%
Other real estate owned		$	366			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales			-5.0%	to	25.0%				12.0	%
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	%

		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	%

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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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Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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