XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Fair Value Disclosures [Abstract] |
Assets and Liabilities Reported on Consolidated Statements of Financial Condition at Fair Values | The following tables present the assets and liabilities reported on the consolidated statements of financial condition at their fair values as of September 30, 2017 and December 31, 2016, by level within the fair value hierarchy:
|  | Fair Value Measurements at Reporting Date Using:
(In thousands) |  | September 30, 2017 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Measured on a recurring basis: |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |
U.S. Treasury obligations |  | $ | 5,994 |  |  | 5,994 |  |  | — |  |  | — |
Agency obligations |  | 28,035 |  |  | 28,035 |  |  | — |  |  | — |
Mortgage-backed securities |  | 968,412 |  |  | — |  |  | 968,412 |  |  | — |
State and municipal obligations |  | 3,807 |  |  | — |  |  | 3,807 |  |  | — |
Corporate obligations |  | 21,459 |  |  | — |  |  | 21,459 |  |  | — |
Equity securities |  | 598 |  |  | 598 |  |  | — |  |  | — |
Total securities available for sale |  | 1,028,305 |  |  | 34,627 |  |  | 993,678 |  |  | — |
Derivative assets |  | 8,035 |  |  | — |  |  | 8,035 |  |  | — |
|  | $ | 1,036,340 |  |  | 34,627 |  |  | 1,001,713 |  |  | — |
Derivative liabilities |  | $ | 7,595 |  |  | — |  |  | 7,595 |  |  | — |
Measured on a non-recurring basis: |  |  |  |  |  |  |  |
Loans measured for impairment based on the fair value of the underlying collateral |  | $ | 5,525 |  |  | — |  |  | — |  |  | 5,525 |
Foreclosed assets |  | 5,703 |  |  | — |  |  | — |  |  | 5,703 |
|  | $ | 11,228 |  |  | — |  |  | — |  |  | 11,228 |
|  | Fair Value Measurements at Reporting Date Using:
(In thousands) |  | December 31, 2016 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Measured on a recurring basis: |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |
U.S. Treasury obligations |  | $ | 8,008 |  |  | 8,008 |  |  | — |  |  | — |
Agency obligations |  | 57,188 |  |  | 57,188 |  |  | — |  |  | — |
Mortgage-backed securities |  | 951,861 |  |  | — |  |  | 951,861 |  |  | — |
State and municipal obligations |  | 3,743 |  |  | — |  |  | 3,743 |  |  | — |
Corporate obligations |  | 19,037 |  |  | — |  |  | 19,037 |  |  | — |
Equity securities |  | 549 |  |  | 549 |  |  | — |  |  | — |
Total securities available for sale |  | $ | 1,040,386 |  |  | 65,745 |  |  | 974,641 |  |  | — |
Derivative assets |  | 7,441 |  |  | — |  |  | 7,441 |  |  | — |
|  | $ | 1,047,827 |  |  | 65,745 |  |  | 982,082 |  |  | — |
Derivative liabilities |  | $ | 6,750 |  |  | — |  |  | 6,750 |  |  | — |
Measured on a non-recurring basis: |  |  |  |  |  |  |  |
Loans measured for impairment based on the fair value of the underlying collateral |  | $ | 11,001 |  |  | — |  |  | — |  |  | 11,001 |
Foreclosed assets |  | 7,991 |  |  | — |  |  | — |  |  | 7,991 |
|  | $ | 18,992 |  |  | — |  |  | — |  |  | 18,992 |
Schedule of Financial Instruments at Carrying and Fair Values | The following tables present the Company’s financial instruments at their carrying and fair values as of September 30, 2017 and December 31, 2016. Fair values are presented by level within the fair value hierarchy.
|  |  |  | Fair Value Measurements at September 30, 2017 Using:
(Dollars in thousands) |  | Carrying value |  | Fair value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 148,783 |  |  | 148,783 |  |  | 148,783 |  |  | — |  |  | — |
Securities available for sale: |  |  |  |  |  |  |  |  |  |
U.S. Treasury obligations |  | 5,994 |  |  | 5,994 |  |  | 5,994 |  |  | — |  |  | — |
Agency obligations |  | 28,035 |  |  | 28,035 |  |  | 28,035 |  |  | — |  |  | — |
Mortgage-backed securities |  | 968,412 |  |  | 968,412 |  |  | — |  |  | 968,412 |  |  | — |
State and municipal obligations |  | 3,807 |  |  | 3,807 |  |  | — |  |  | 3,807 |  |  | — |
Corporate obligations |  | 21,459 |  |  | 21,459 |  |  | — |  |  | 21,459 |  |  | — |
Equity securities |  | 598 |  |  | 598 |  |  | 598 |  |  | — |  |  | — |
Total securities available for sale |  | $ | 1,028,305 |  |  | 1,028,305 |  |  | 34,627 |  |  | 993,678 |  |  | — |
Investment securities held to maturity: |  |  |  |  |  |  |  |  |  |
Agency obligations |  | 4,307 |  |  | 4,252 |  |  | 4,252 |  |  | — |  |  | — |
Mortgage-backed securities |  | 475 |  |  | 492 |  |  | — |  |  | 492 |  |  | — |
State and municipal obligations |  | 467,113 |  |  | 475,759 |  |  | — |  |  | 475,759 |  |  | — |
Corporate obligations |  | 9,950 |  |  | 9,922 |  |  | — |  |  | 9,922 |  |  | — |
Total securities held to maturity |  | $ | 481,845 |  |  | 490,425 |  |  | 4,252 |  |  | 486,173 |  |  | — |
FHLBNY stock |  | 70,896 |  |  | 70,896 |  |  | 70,896 |  |  | — |  |  | — |
Loans, net of allowance for loan losses |  | 6,967,776 |  |  | 6,955,183 |  |  | — |  |  | — |  |  | 6,955,183 |
Derivative assets |  | 8,035 |  |  | 8,035 |  |  | — |  |  | 8,035 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Deposits other than certificates of deposits |  | $ | 5,963,348 |  |  | 5,963,348 |  |  | 5,963,348 |  |  | — |  |  | — |
Certificates of deposit |  | 627,868 |  |  | 628,523 |  |  | — |  |  | 628,523 |  |  | — |
Total deposits |  | $ | 6,591,216 |  |  | 6,591,871 |  |  | 5,963,348 |  |  | 628,523 |  |  | — |
Borrowings |  | 1,525,560 |  |  | 1,530,444 |  |  | — |  |  | 1,530,444 |  |  | — |
Derivative liabilities |  | 7,595 |  |  | 7,595 |  |  | — |  |  | 7,595 |  |  | — |
|  |  |  | Fair Value Measurements at December 31, 2016 Using:
(Dollars in thousands) |  | Carrying value |  | Fair value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 144,297 |  |  | 144,297 |  |  | 144,297 |  |  | — |  |  | — |
Securities available for sale: |  |  |  |  |  |  |  |  |  |
U.S. Treasury obligations |  | 8,008 |  |  | 8,008 |  |  | 8,008 |  |  | — |  |  | — |
Agency obligations |  | 57,188 |  |  | 57,188 |  |  | 57,188 |  |  | — |  |  | — |
Mortgage-backed securities |  | 951,861 |  |  | 951,861 |  |  | — |  |  | 951,861 |  |  | — |
State and municipal obligations |  | 3,743 |  |  | 3,743 |  |  | — |  |  | 3,743 |  |  | — |
Corporate obligations |  | 19,037 |  |  | 19,037 |  |  | — |  |  | 19,037 |  |  | — |
Equity securities |  | 549 |  |  | 549 |  |  | 549 |  |  | — |  |  | — |
Total securities available for sale |  | $ | 1,040,386 |  |  | 1,040,386 |  |  | 65,745 |  |  | 974,641 |  |  | — |
Investment securities held to maturity: |  |  |  |  |  |  |  |  |  |
Agency obligations |  | $ | 4,306 |  |  | 4,225 |  |  | 4,225 |  |  | — |  |  | — |
Mortgage-backed securities |  | 893 |  |  | 924 |  |  | — |  |  | 924 |  |  | — |
State and municipal obligations |  | 473,653 |  |  | 474,852 |  |  | — |  |  | 474,852 |  |  | — |
Corporate obligations |  | 9,331 |  |  | 9,286 |  |  | — |  |  | 9,286 |  |  | — |
Total securities held to maturity |  | $ | 488,183 |  |  | 489,287 |  |  | 4,225 |  |  | 485,062 |  |  | — |
FHLBNY stock |  | 75,726 |  |  | 75,726 |  |  | 75,726 |  |  | — |  |  | — |
Loans, net of allowance for loan losses |  | 6,941,603 |  |  | 6,924,440 |  |  | — |  |  | — |  |  | 6,924,440 |
Derivative assets |  | 7,441 |  |  | 7,441 |  |  | — |  |  | 7,441 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Deposits other than certificates of deposits |  | $ | 5,902,446 |  |  | 5,902,446 |  |  | 5,902,446 |  |  | — |  |  | — |
Certificates of deposit |  | 651,183 |  |  | 653,772 |  |  | — |  |  | 653,772 |  |  | — |
Total deposits |  | $ | 6,553,629 |  |  | 6,556,218 |  |  | 5,902,446 |  |  | 653,772 |  |  | — |
Borrowings |  | 1,612,745 |  |  | 1,617,023 |  |  | — |  |  | 1,617,023 |  |  | — |
Derivative liabilities |  | 6,750 |  |  | 6,750 |  |  | — |  |  | 6,750 |  |  | — |

X
- Definition Schedule of Fair Value of Financial Instruments [Table Text Block] + References No definition available. + Details
Name: | pfs_ScheduleOfFairValueOfFinancialInstrumentsTableTextBlock
Namespace Prefix: | pfs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration