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Note 10 - Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

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 June 30,				at December 31,				Three Months Ended								Six Months Ended
(Dollars in thousands)		2017				2016				June 30, 2017				June 30, 2016				June 30, 2017				June 30, 2016
Mortgage-backed securities		$	1,801			$	2,016			$	(3	)		$	(3	)		$	(10	)		$	2
Other securities			28,706				28,429				112				90				144				186
Junior subordinated debentures			35,137				33,959				(595	)			492				(1,165	)			1,546
Net gain (loss) from fair value adjustments (1) (2)										$	(486	)		$	579			$	(1,031	)		$	1,734

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
		2017				2016				2017				2016				2017				2016				2017				2016
		(In thousands)
Assets:
Mortgage-backed Securities		$	-			$	-			$	520,012			$	516,476			$	-			$	-			$	520,012			$	516,476
Other securities			-				-				310,249				337,544				7,444				7,361				317,693				344,905
Interest rate swaps			-				-				5,648				6,350				-				-				5,648				6,350
Total assets		$	-			$	-			$	835,909			$	860,370			$	7,444			$	7,361			$	843,353			$	867,731
Liabilities:
Junior subordinated debentures		$	-			$	-			$	-			$	-			$	35,137			$	33,959			$	35,137			$	33,959
Interest rate swaps			-				-				4,624				3,386				-				-				4,624				3,386
Total liabilities		$	-			$	-			$	4,624			$	3,386			$	35,137			$	33,959			$	39,761			$	37,345

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

		For the three months ended
		June 30, 2017								June 30, 2016
		Trust preferred				Junior subordinated				Trust preferred				Junior subordinated
		securities				debentures				securities				debentures
		(In thousands)
Beginning balance		$	7,394			$	34,536			$	7,150			$	27,977
Net gain from fair value adjustment of financial assets (1)			48				-				15				-
Net loss (gain) from fair value adjustment of financial liabilities (1)			-				594				-				(491	)
Decrease in accrued interest payable			-				7				-				(1	)
Change in unrealized gains included in other comprehensive income			2				-				2				-
Ending balance		$	7,444			$	35,137			$	7,167			$	27,485
Changes in unrealized gains held at period end		$	2			$	-			$	2			$	-

		For the six months ended
		June 30, 2017								June 30, 2016
		Trust preferred				Junior subordinated				Trust preferred				Junior subordinated
		securities				debentures				securities				debentures
		(In thousands)
Beginning balance		$	7,361			$	33,959			$	7,212			$	29,018
Net gain (loss) from fair value adjustment of financial assets (1)			81				-				(45	)			-
Net loss (gain) from fair value adjustment of financial liabilities (1)			-				1,165				-				(1,547	)
Increase in accrued interest payable			-				13				-				14
Change in unrealized gains included in other comprehensive income			2				-				-				-
Ending balance		$	7,444			$	35,137			$	7,167			$	27,485
Changes in unrealized gains held at period end		$	2			$	-			$	-			$	-

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

		June 30, 2017
		Fair Value				Valuation Technique				Unobservable Input				Range				Weighted Average
		(Dollars in thousands)
Assets:
Trust preferred securities		$	7,444				Discounted cash flows				Discount rate			6.0%	-	6.9%			6.8	%
Liabilities:
Junior subordinated debentures		$	35,137				Discounted cash flows				Discount rate				6.0%				6.0	%

		December 31, 2016
		Fair Value				Valuation Technique				Unobservable Input				Range				Weighted Average
		(Dollars in thousands)
Assets:
Trust preferred securities		$	7,361				Discounted cash flows				Discount rate			6.3%	-	7.1%			7.0	%
Liabilities:
Junior subordinated debentures		$	33,959				Discounted cash flows				Discount rate				6.3%				6.3	%

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 recurring basis
		2017				2016				2017				2016				2017				2016				2017				2016
		(In thousands)
Assets:
Impaired loans		$	-			$	-			$	-			$	-			$	14,418			$	14,968			$	14,418			$	14,968
Other real estate owned			-				-				-				-				-				533				-				533
Total assets		$	-			$	-			$	-			$	-			$	14,418			$	15,501			$	14,418			$	15,501

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

		June 30, 2017
		Carrying				Fair
		Amount				Value				Level 1				Level 2				Level 3
		(In thousands)
Assets:
Cash and due from banks		$	48,539				48,539			$	48,539			$	-			$	-
Securities held-to-maturity
Mortgage-backed securities			7,983				7,816				-				7,816				-
Other securities			24,451				22,777				-				-				22,777
Securities available for sale
Mortgage-backed securities			520,012				520,012				-				520,012				-
Other securities			317,693				317,693				-				310,249				7,444
Loans held for sale			30,565				30,565												30,565
Loans			5,045,680				5,021,555				-				-				5,021,555
FHLB-NY stock			66,630				66,630				-				66,630				-
Accrued interest receivable			21,439				21,439				-				21,439				-
Interest rate swaps			5,648				5,648				-				5,648				-
Total assets		$	6,088,640			$	6,062,674			$	48,539			$	931,794			$	5,082,341
Liabilities:
Deposits		$	4,254,803			$	4,256,788			$	2,922,426			$	1,334,362			$	-
Borrowings			1,425,779				1,422,040				-				1,386,903				35,137
Accrued interest payable			2,587				2,587				-				2,587				-
Interest rate swaps			4,624				4,624				-				4,624				-
Total liabilities		$	5,687,793			$	5,686,039			$	2,922,426			$	2,728,476			$	35,137

		December 31, 2016
		Carrying				Fair
		Amount				Value				Level 1				Level 2				Level 3
		(In thousands)
Assets:
Cash and due from banks		$	35,857			$	35,857			$	35,857			$	-			$	-
Securities held-to-maturity
Other securities			37,735				35,408				-				-				35,408
Securities available for sale
Mortgage-backed securities			516,476				516,476				-				516,476				-
Other securities			344,905				344,905				-				337,544				7,361
Loans			4,835,693				4,814,840				-				-				4,814,840
FHLB-NY stock			59,173				59,173				-				59,173				-
Interest rate swaps			6,350				6,350				-				6,350				-
Total assets		$	5,836,189			$	5,813,009			$	35,857			$	919,543			$	4,857,609
Liabilities:
Deposits		$	4,205,631			$	4,213,714			$	2,833,516			$	1,380,198			$	-
Borrowings			1,266,563				1,255,283				-				1,221,324				33,959
Interest rate swaps			3,386				3,386				-				3,386				-
Total liabilities		$	5,475,580			$	5,472,383			$	2,833,516			$	2,604,908			$	33,959

Fair Value, Measurements, Nonrecurring [Member]

Notes Tables

Fair Value Measurements, Nonrecurring [Table Text Block]

		At June 30, 2017
		Fair Value				Valuation Technique		Unobservable Input		Range				Weighted Average
		(Dollars in thousands)
Assets:
Impaired loans		$	1,773			Income approach		Capitalization rate		6.0%	to	7.5%		6.8%
								Reduction for planned expedited disposal			15.0%			15.0%
Impaired loans		$	7,674			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales		-40.0%	to	16.2%		-2.0%
								Reduction for planned expedited disposal		0%	to	15.0%		7.7%
Impaired loans		$	4,971			Blended income and sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales		-30.0%	to	25.0%		-1.6%
								Capitalization rate		5.0%	to	9.8%		7.4%
								Reduction planned for expedited disposal		14.5%	to	15.0%		15.0%

		At December 31, 2016
		Fair Value				Valuation Technique		Unobservable Input		Range				Weighted Average
		(Dollars in thousands)
Assets:
Impaired loans		$	2,007			Income approach		Capitalization rate		6.0%	to	7.5%		7.0%
								Reduction for planned expedited disposal			15.0%			15.0%
Impaired loans		$	8,703			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales		-40.0%	to	16.2%		-1.5%
								Reduction for planned expedited disposal		0%	to	15.0%		7.7%
Impaired loans		$	4,258			Blended income and sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales		-50.0%	to	25.0%		-0.6%
								Capitalization rate		5.3%	to	9.5%		7.2%
								Reduction planned for expedited disposal			15.0%			15.0%
Other real estate owned		$	533			Sales approach		Adjustment to sales comparison value to reconcile differences between comparable sales		3.3%	to	18.6%		11.0%

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- 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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