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Note 11 - Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2019
Notes Tables |
Fair Value Option, 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 March 31, |  |  |  | at December 31, |  |  |  | Three Months Ended
(In thousands) |  |  | 2019 |  |  |  | 2018 |  |  |  | March 31, 2019 |  |  |  | March 31, 2018 |
Mortgage-backed securities |  | $ | 934 |  |  | $ | 967 |  |  | $ | 1 |  |  | $ | (11 | )
Other securities |  |  | 13,091 |  |  |  | 12,843 |  |  |  | 179 |  |  |  | (138 | )
Borrowed funds |  |  | 42,941 |  |  |  | 41,849 |  |  |  | (1,210 | ) |  |  | (1,681 | )
Net loss from fair value adjustments (1) |  |  |  |  |  |  |  |  |  | $ | (1,030 | ) |  | $ | (1,830 | )
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
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | (In thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities |  | $ | - |  |  | $ | - |  |  | $ | 579,185 |  |  | $ | 557,953 |  |  | $ | - |  |  | $ | - |  |  | $ | 579,185 |  |  | $ | 557,953 |
Other securities |  |  | 11,802 |  |  |  | 11,586 |  |  |  | 253,748 |  |  |  | 251,860 |  |  |  | 1,289 |  |  |  | 1,256 |  |  |  | 266,839 |  |  |  | 264,702 |
Interest rate swaps |  |  | - |  |  |  | - |  |  |  | 6,474 |  |  |  | 15,961 |  |  |  | - |  |  |  | - |  |  |  | 6,474 |  |  |  | 15,961 |
Total assets |  | $ | 11,802 |  |  | $ | 11,586 |  |  | $ | 839,407 |  |  | $ | 825,774 |  |  | $ | 1,289 |  |  | $ | 1,256 |  |  | $ | 852,498 |  |  | $ | 838,616 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 42,941 |  |  | $ | 41,849 |  |  | $ | 42,941 |  |  | $ | 41,849 |
Interest rate swaps |  |  | - |  |  |  | - |  |  |  | 4,996 |  |  |  | 2,239 |  |  |  | - |  |  |  | - |  |  |  | 4,996 |  |  |  | 2,239 |
Total liabilities |  | $ | - |  |  | $ | - |  |  | $ | 4,996 |  |  | $ | 2,239 |  |  | $ | 42,941 |  |  | $ | 41,849 |  |  | $ | 47,937 |  |  | $ | 44,088 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | For the three months ended
|  | March 31, 2019 |  | March 31, 2018
|  | Trust preferred securities |  | Junior subordinated debentures |  | Trust preferred securities |  | Junior subordinated debentures
|  | (In thousands)
Beginning balance |  | $ | 1,256 |  |  | $ | 41,849 |  |  | $ | 1,110 |  |  | $ | 36,986 |
Net gain from fair value adjustment of financial assets (1) |  |  | 33 |  |  |  | - |  |  |  | 51 |  |  |  | - |
Net loss from fair value adjustment of financial liabilities (1) |  |  | - |  |  |  | 1,210 |  |  |  | - |  |  |  | 1,681 |
Decrease(increase) in accrued interest receivable |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | - |
Increase (decrease) in accrued interest payable |  |  | - |  |  |  | 9 |  |  |  | - |  |  |  | 25 |
Change in unrealized gains (losses) included in other comprehensive income |  |  | - |  |  |  | (127 | ) |  |  | - |  |  |  | - |
Ending balance |  | $ | 1,289 |  |  | $ | 42,941 |  |  | $ | 1,162 |  |  | $ | 38,692 |
Changes in unrealized gains (losses) held at period end |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
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
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | (In thousands)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,928 |  |  | $ | 4,111 |  |  | $ | 1,928 |  |  | $ | 4,111 |
Other repossesed assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 35 |  |  |  | - |  |  |  | 35 |
Total assets |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,928 |  |  | $ | 4,146 |  |  | $ | 1,928 |  |  | $ | 4,146 |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | March 31, 2019 |
|  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 58,677 |  |  | $ | 58,677 |  |  | $ | 58,677 |  |  | $ | - |  |  | $ | - |
Securities held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  | 7,949 |  |  |  | 7,726 |  |  |  | - |  |  |  | 7,726 |  |  |  | - |
Other securities |  |  | 22,532 |  |  |  | 22,276 |  |  |  | - |  |  |  | - |  |  |  | 22,276 |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  | 579,185 |  |  |  | 579,185 |  |  |  | - |  |  |  | 579,185 |  |  |  | - |
Other securities |  |  | 266,839 |  |  |  | 266,839 |  |  |  | 11,802 |  |  |  | 253,748 |  |  |  | 1,289 |
Loans |  |  | 5,588,746 |  |  |  | 5,547,521 |  |  |  | - |  |  |  | - |  |  |  | 5,547,521 |
FHLB-NY stock |  |  | 51,182 |  |  |  | 51,182 |  |  |  | - |  |  |  | 51,182 |  |  |  | - |
Accrued interest receivable |  |  | 27,226 |  |  |  | 27,226 |  |  |  | 10 |  |  |  | 3,280 |  |  |  | 23,936 |
Interest rate swaps |  |  | 6,474 |  |  |  | 6,474 |  |  |  | - |  |  |  | 6,474 |  |  |  | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 5,080,209 |  |  | $ | 5,079,020 |  |  | $ | 3,568,439 |  |  | $ | 1,510,581 |  |  | $ | - |
Borrowings |  |  | 1,116,416 |  |  |  | 1,111,670 |  |  |  | - |  |  |  | 1,068,729 |  |  |  | 42,941 |
Accrued interest payable |  |  | 7,989 |  |  |  | 7,989 |  |  |  | - |  |  |  | 7,989 |  |  |  | - |
Interest rate swaps |  |  | 4,996 |  |  |  | 4,996 |  |  |  | - |  |  |  | 4,996 |  |  |  | - |
|  | December 31, 2018 |
|  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 118,561 |  |  | $ | 118,561 |  |  | $ | 118,561 |  |  | $ | - |  |  | $ | - |
Securities held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  | 7,953 |  |  |  | 7,366 |  |  |  | - |  |  |  | 7,366 |  |  |  | - |
Other securities |  |  | 24,065 |  |  |  | 22,508 |  |  |  | - |  |  |  | - |  |  |  | 22,508 |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  | 557,953 |  |  |  | 557,953 |  |  |  | - |  |  |  | 557,953 |  |  |  | - |
Other securities |  |  | 264,702 |  |  |  | 264,702 |  |  |  | 11,586 |  |  |  | 251,860 |  |  |  | 1,256 |
Loans |  |  | 5,551,484 |  |  |  | 5,496,266 |  |  |  | - |  |  |  | - |  |  |  | 5,496,266 |
FHLB-NY stock |  |  | 57,282 |  |  |  | 57,282 |  |  |  | - |  |  |  | 57,282 |  |  |  | - |
Accrued interest receivable |  |  | 25,485 |  |  |  | 25,485 |  |  |  | 54 |  |  |  | 2,756 |  |  |  | 22,675 |
Interest rate swaps |  |  | 15,961 |  |  |  | 15,961 |  |  |  | - |  |  |  | 15,961 |  |  |  | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 4,960,784 |  |  | $ | 4,955,077 |  |  | $ | 3,397,474 |  |  | $ | 1,557,603 |  |  | $ | - |
Borrowings |  |  | 1,250,843 |  |  |  | 1,241,745 |  |  |  | - |  |  |  | 1,199,896 |  |  |  | 41,849 |
Accrued interest payable |  |  | 5,890 |  |  |  | 5,890 |  |  |  | - |  |  |  | 5,890 |  |  |  | - |
Interest rate swaps |  |  | 2,239 |  |  |  | 2,239 |  |  |  | - |  |  |  | 2,239 |  |  |  | - |
Fair Value, Nonrecurring [Member] |
Notes Tables |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | March 31, 2019
|  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average
|  | (Dollars in thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 1,656 |  |  | Sales approach |  | Reduction for planned expedited disposal |  |  | 20.0% to 54.5% |  |  |  | 39.6% |
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% |
|  | At December 31, 2018
|  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average
|  | (Dollars in thousands)
Assets: |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 204 |  |  | Income approach |  | Capitalization rate |  |  | 8.5% |  |  |  | 8.5% |
|  |  |  |  |  |  |  | Reduction for planned expedited disposal |  |  | 15.0% |  |  |  | 15.0% |
Impaired loans |  | $ | 2,724 |  |  | Sales approach |  | Adjustment to sales comparison value to reconcile differences between comparable sales |  |  | 0.0% |  |  |  | 0.0% |
|  |  |  |  |  |  |  | Reduction for planned expedited disposal |  |  | -36.5% to 15.0% |  |  |  | 10.4% |
Impaired loans |  | $ | 1,183 |  |  | Blended income and sales approach |  | Adjustment to sales comparison value to reconcile differences between comparable sales |  |  | -30.0% to 10.0% |  |  |  | -7.8% |
|  |  |  |  |  |  |  | Capitalization rate |  |  | 7.4% to 9.8% |  |  |  | 8.7% |
|  |  |  |  |  |  |  | Reduction for planned expedited disposal |  |  | 15.0% |  |  |  | 15.0% |
Other repossesed assets |  | $ | 35 |  |  | Sales approach |  | Reduction for planned expediated disposal |  |  | 0.0% |  |  |  | 0.0% |
Fair Value, Recurring [Member] |
Notes Tables |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | March 31, 2019
|  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average
|  | (Dollars in thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 1,289 |  |  | Discounted cash flows |  | Discount rate |  |  | n/a |  |  |  | 4.6% |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 42,941 |  |  | Discounted cash flows |  | Discount rate |  |  | n/a |  |  |  | 4.6% |
|  | December 31, 2018
|  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average
|  | (Dollars in thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 1,256 |  |  | Discounted cash flows |  | Discount rate |  |  | n/a |  |  |  | 4.9% |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 41,849 |  |  | Discounted cash flows |  | Discount rate |  |  | n/a |  |  |  | 4.9% |

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