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Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]


		2019			2018
		(In thousands)
Multi-family residential		$	2,238,591		$	2,269,048
Commercial real estate			1,582,008			1,542,547
One-to-four family ― mixed-use property			592,471			577,741
One-to-four family ― residential			188,216			190,350
Co-operative apartments			8,663			8,498
Construction			67,754			50,600
Small Business Administration			14,445			15,210
Taxi medallion			3,309			4,539
Commercial business and other			1,061,478			877,763
Gross loans			5,756,935			5,536,296
Net unamortized premiums and unearned loan fees			15,271			15,188
Total loans, net of fees and costs		$	5,772,206		$	5,551,484

Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]


		For the year ended
		December 31, 2019
(Dollars in thousands)		Number		Balance			Modification description
Commercial business and other		3		$	951		Loan amortization extension.
Total		3		$	951


		For the year ended
		December 31, 2018
(Dollars in thousands)		Number		Balance			Modification description
Commercial business and other		1		$	1,620		Loan amortization extension.
Total		1		$	1,620


		For the year ended
		December 31, 2017
(Dollars in thousands)		Number		Balance			Modification description

Taxi medallion		10		$	6,741		Four loans received a below market interest rate and the loan amortization was extended. Six loans had loan amortization extensions.
Total		10		$	6,741

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]


		At December 31,
(In thousands)		2019			2018
Loans ninety days or more past due and still accruing:
Multi-family residential		$	445		$	—
Total			445			—
Non-accrual mortgage loans:
Multi-family residential			2,296			2,410
Commercial real estate			367			1,379
One-to-four family mixed-use property			274			928
One-to-four family residential			5,139			6,144
Total			8,076			10,861
Non-accrual non-mortgage loans:
Small Business Administration			1,151			1,267
Taxi medallion⁽¹⁾			1,641			613
Commercial business and other ⁽¹⁾			1,945			3,512
Total			4,737			5,392
Total non-accrual loans			12,813			16,253
Total non-performing loans		$	13,258		$	16,253

Schedule of Interest Foregone on Non-Accrual and TDR Loans [Table Text Block]


		2019			2018			2017
		(In thousands)
Interest income that would have been recognized had the loans performed in accordance with their original terms		$	1,546		$	1,604		$	1,705
Less: Interest income included in the results of operations			418			623			619
Total foregone interest		$	1,128		$	981		$	1,086

Past Due Financing Receivables [Table Text Block]


								Greater
		30 - 59 Days			60 - 89 Days			than			Total Past
(in thousands)		Past Due			Past Due			90 Days			Due			Current			Total Loans
Multi-family residential		$	4,042		$	1,563		$	2,741		$	8,346		$	2,230,245		$	2,238,591
Commercial real estate			—			4,941			367			5,308			1,576,700			1,582,008
One-to-four family - mixed-use property			1,117			496			274			1,887			590,584			592,471
One-to-four family - residential			720			1,022			5,139			6,881			181,335			188,216
Co-operative apartments			—			—			—			—			8,663			8,663
Construction loans			—			—			—			—			67,754			67,754
Small Business Administration			—			—			1,151			1,151			13,294			14,445
Taxi medallion			—			—			1,065			1,065			2,244			3,309
Commercial business and other			2,340			5			1,945			4,290			1,057,188			1,061,478
Total		$	8,219		$	8,027		$	12,682		$	28,928		$	5,728,007		$	5,756,935


								Greater
		30 - 59 Days			60 - 89 Days			than			Total Past
(in thousands)		Past Due			Past Due			90 Days			Due			Current			Total Loans
Multi-family residential		$	1,887		$	339		$	2,410		$	4,636		$	2,264,412		$	2,269,048
Commercial real estate			379			—			1,379			1,758			1,540,789			1,542,547
One-to-four family - mixed-use property			1,003			322			928			2,253			575,488			577,741
One-to-four family - residential			1,564			—			6,144			7,708			182,642			190,350
Co-operative apartments			—			—			—			—			8,498			8,498
Construction loans			—			730			—			730			49,870			50,600
Small Business Administration			774			68			1,267			2,109			13,101			15,210
Taxi medallion			—			—			—			—			4,539			4,539
Commercial business and other			1,306			281			2,216			3,803			873,960			877,763
Total		$	6,913		$	1,740		$	14,344		$	22,997		$	5,513,299		$	5,536,296

Allowance for Credit Losses on Financing Receivables [Table Text Block]


		For the year ended December 31, 2019
								One-to-four
								family -			One-to-four															Commercial
		Multi-family			Commercial			mixed-use			family -			Co-operative			Construction			Small Business			Taxi			business and
(in thousands)		residential			real estate			property			residential			apartments			loans			Administration			medallion			other			Total
Allowance for credit losses:
Beginning balance		$	5,676		$	4,315		$	1,867		$	749		$	—		$	329		$	418		$	—		$	7,591		$	20,945
Charge-off's			(190)			—			(89)			(113)			—			—			—			—			(2,386)			(2,778)
Recoveries			44			37			197			13			—			—			60			134			288			773
Provision (benefit)			(139)			77			(158)			107			—			112			(115)			(134)			3,061			2,811
Ending balance		$	5,391		$	4,429		$	1,817		$	756		$	—		$	441		$	363		$	—		$	8,554		$	21,751


		For the year ended December 31, 2018
								One-to-four
								family -			One-to-four															Commercial
		Multi-family			Commercial			mixed-use			family -			Co-operative			Construction			Small Business			Taxi			business and
(in thousands)		residential			real estate			property			residential			apartments			loans			Administration			medallion			other			Total
Allowance for credit losses:
Beginning balance		$	5,823		$	4,643		$	2,545		$	1,082		$	—		$	68		$	669		$	—		$	5,521		$	20,351
Charge-off's			(99)			—			(3)			(1)			—			—			(392)			(393)			(44)			(932)
Recoveries			6			—			136			569			—			—			51			143			46			951
Provision (benefit)			(54)			(328)			(811)			(901)			—			261			90			250			2,068			575
Ending balance		$	5,676		$	4,315		$	1,867		$	749		$	—		$	329		$	418		$	—		$	7,591		$	20,945


		For the year ended December 31, 2017
								One-to-four
								family -			One-to-four															Commercial
		Multi-family			Commercial			mixed-use			family -			Co-operative			Construction			Small Business			medallion			business and
(in thousands)		residential			real estate			property			residential			apartments			loans			Administration			Taxi			other			Unallocated			Total
Allowance for credit losses:
Beginning balance		$	5,923		$	4,487		$	2,903		$	1,015		$	—		$	92		$	481		$	2,243		$	4,492		$	593		$	22,229
Charge-off's			(454)			(4)			(39)			(415)			—			—			(212)			(11,283)			(65)			—			(12,472)
Recoveries			300			96			108			91			—			—			80			—			58			—			733
Provision (benefit)			54			64			(427)			391			—			(24)			320			9,040			1,036			(593)			9,861
Ending balance		$	5,823		$	4,643		$	2,545		$	1,082		$	—		$	68		$	669		$	—		$	5,521		$	—		$	20,351

Schedule of Loans and the Manner in which they are Evaluated for Impairment [Table Text Block]


		At December 31, 2019
								One-to-four			One-to-four															Commercial
		Multi-family			Commercial			family - mixed -			family -			Co-operative			Construction			Small Business						business and
(in thousands)		residential			real estate			use property			residential			apartments			loans			Administration			Taxi medallion			other			Total
Financing Receivables:
Ending Balance		$	2,238,591		$	1,582,008		$	592,471		$	188,216		$	8,663		$	67,754		$	14,445		$	3,309		$	1,061,478		$	5,756,935
Ending balance: individually evaluated for impairment		$	4,169		$	367		$	1,761		$	5,941		$	—		$	—		$	1,151		$	3,309		$	2,886		$	19,584
Ending balance: collectively evaluated for impairment		$	2,234,422		$	1,581,641		$	590,710		$	182,275		$	8,663		$	67,754		$	13,294		$	—		$	1,058,592		$	5,737,351

Allowance for credit losses:
Ending balance: individually evaluated for impairment		$	92		$	—		$	45		$	46		$	—		$	—		$	—		$	—		$	132		$	315
Ending balance: collectively evaluated for impairment		$	5,299		$	4,429		$	1,772		$	710		$	—		$	441		$	363		$	—		$	8,422		$	21,436


		At December 31, 2018
								One-to-four			One-to-four															Commercial
		Multi-family			Commercial			family - mixed			family -				Co-operative			Construction			Small Business					business and
(in thousands)		residential			real estate			use property			residential				apartments			loans			Administration		Taxi medallion			other			Total
Financing Receivables:
Ending Balance		$	2,269,048		$	1,542,547		$	577,741		$	190,350		$	8,498		$	50,600		$	15,210		$	4,539		$	877,763		$	5,536,296
Ending balance: individually evaluated for impairment		$	4,500		$	1,435		$	3,098		$	6,889		$	—		$	—		$	1,267		$	4,539		$	3,791		$	25,519
Ending balance: collectively evaluated for impairment		$	2,264,548		$	1,541,112		$	574,643		$	183,461		$	8,498		$	50,600		$	13,943		$	—		$	873,972		$	5,510,777

Allowance for credit losses:
Ending balance: individually evaluated for impairment		$	100		$	—		$	143		$	51		$	—		$	—		$	—		$	—		$	866		$	1,160
Ending balance: collectively evaluated for impairment		$	5,576		$	4,315		$	1,724		$	698		$	—		$	329		$	418		$	—		$	6,725		$	19,785

Impaired Financing Receivables [Table Text Block]


		December 31, 2019									December 31, 2018
					Unpaid									Unpaid
		Recorded			Principal			Related			Recorded			Principal			Related
		Investment			Balance			Allowance			Investment			Balance			Allowance
		(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential		$	2,919		$	2,919		$	—		$	3,225		$	3,568		$	—
Commercial real estate			367			367			—			1,435			1,435			—
One-to-four family mixed-use property			921			924			—			1,913			2,113			—
One-to-four family residential			5,558			5,615			—			6,490			6,643			—
Non-mortgage loans:
Small Business Administration			1,151			1,421			—			1,267			1,609			—
Taxi medallion			3,309			9,527			—			4,539			12,788			—
Commercial business and other			1,945			1,945			—			—			—			—

Total loans with no related allowance recorded			16,170			22,718			—			18,869			28,156			—

With an allowance recorded:
Mortgage loans:
Multi-family residential			1,250			1,250			92			1,275			1,275			100
One-to-four family mixed-use property			840			840			45			1,185			1,185			143
One-to-four family residential			383			383			46			399			399			51
Commercial business and other			941			941			132			3,791			3,791			866

Total loans with an allowance recorded			3,414			3,414			315			6,650			6,650			1,160

Total Impaired Loans:
Total mortgage loans		$	12,238		$	12,298		$	183		$	15,922		$	16,618		$	294

Total non-mortgage loans		$	7,346		$	13,834		$	132		$	9,597		$	18,188		$	866


		December 31, 2019						December 31, 2018						December 31, 2017
		Average			Interest			Average			Interest			Average			Interest
		Recorded			Income			Recorded			Income			Recorded			Income
		Investment			Recognized			Investment			Recognized			Investment			Recognized
		(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential		$	3,155		$	36		$	3,957		$	76		$	3,260		$	80
Commercial real estate			1,081			15			4,334			176			6,187			300
One-to-four family mixed-use property			1,719			67			3,298			125			5,104			168
One-to-four family residential			5,866			7			7,603			33			9,865			108
Construction			190			—			183			10			596			22
Non-mortgage loans:
Small Business Administration			1,204			—			711			33			207			11
Taxi medallion			3,761			171			5,865			313			4,537			161
Commercial business and other			1,398			—			10,170			792			1,267			98

Total loans with no related allowance recorded			18,374			296			36,121			1,558			31,023			948

With an allowance recorded:
Mortgage loans:
Multi-family residential			1,263			72			1,741			96			2,348			136
Commercial real estate			—			—			—			—			2,026			95
One-to-four family mixed-use property			975			34			1,201			54			1,341			65
One-to-four family residential			391			16			405			16			420			16
Non-mortgage loans:
Taxi medallion			—			—			—			—			10,997			166
Commercial business and other			1,446			—			1,178			25			375			22

Total loans with an allowance recorded			4,075			122			4,525			191			17,507			500

Total Impaired Loans:
Total mortgage loans		$	14,640		$	247		$	22,722		$	586		$	31,147		$	990

Total non-mortgage loans		$	7,809		$	171		$	17,924		$	1,163		$	17,383		$	458

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table sets forth the recorded investment in loans designated as Criticized or Classified at December 31, 2019:


(In thousands)		Special Mention			Substandard			Doubtful			Loss			Total
Multi-family residential		$	1,563		$	2,743		$	—		$	—		$	4,306
Commercial real estate			5,525			367			—			—			5,892
One-to-four family - mixed-use property			1,585			453			—			—			2,038
One-to-four family - residential			1,095			5,787			—			—			6,882
Small Business Administration ⁽¹⁾			55			85			—			—			140
Taxi medallion			—			3,309			—			—			3,309
Commercial business and other			3,924			11,289			266			—			15,479
Total loans		$	13,747		$	24,033		$	266		$	—		$	38,046

The following table sets forth the recorded investment in loans designated as Criticized or Classified at December 31, 2018:


(In thousands)		Special Mention			Substandard			Doubtful			Loss			Total
Multi-family residential		$	2,498		$	4,166		$	—		$	—		$	6,664
Commercial real estate			381			4,051			—			—			4,432
One-to-four family - mixed-use property			1,199			2,034			—			—			3,233
One-to-four family - residential			557			6,665			—			—			7,222
Construction loans			730			—			—			—			730
Small Business Administration ⁽¹⁾			481			139			—			—			620
Taxi medallion			—			4,539			—			—			4,539
Commercial business and other			730			21,348			3,512			—			25,590
Total loans		$	6,576		$	42,942		$	3,512		$	—		$	53,030

(1)	Balance reported net of SBA Guaranteed portion.

Nonperforming Financial Instruments [Member]

Notes Tables

Troubled Debt Restructurings on Financing Receivables [Table Text Block]


		December 31, 2019					December 31, 2018
		Number		Recorded			Number		Recorded
(Dollars in thousands)		of contracts		investment			of contracts		investment
Multi-family residential		—		$	—		1		$	388
Taxi medallion		4			1,065		—			—
Commercial business and other		1			279		1			1,397
Total TDR's that subsequently defaulted		5		$	1,344		2		$	1,785

Performing According to Restructured Terms [Member]

Notes Tables

Troubled Debt Restructurings on Financing Receivables [Table Text Block]


		December 31, 2019					December 31, 2018
		Number		Recorded			Number		Recorded
(Dollars in thousands)		of contracts		investment			of contracts		investment
Multi-family residential		7		$	1,873		7		$	1,916
One-to-four family - mixed-use property		4			1,481		5			1,692
One-to-four family - residential		3			531		3			552
Taxi medallion		7			1,668		15			3,926
Commercial business and other		3			941		1			279
Total performing		24		$	6,494		31		$	8,365