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Fair Values of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2018
Fair Value of Financial Instruments [Abstract] |
Fair Value Measurements, Recurring |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | (Level 1) |  | (Level 2) |  |
﻿ |  |  |  |  | Quoted Prices in |  | Significant |  | (Level 3)
﻿ |  |  |  |  | Active Markets |  | Other |  | Significant
﻿ |  |  |  |  | for Identical |  | Observable |  | Unobservable
﻿Description |  | Total |  |  | Assets |  | Inputs |  | Inputs
﻿As of June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |
﻿Securities |  |  |  |  |  |  |  |  |  |  |  |
﻿ Residential mortgage backed securities |  | $ | 123,618 |  | $ | - |  | $ | 123,618 |  | $ | -
﻿ Municipal obligations |  |  | 3,673 |  |  | - |  |  | 3,673 |  |  | -
﻿ Preferred stock |  |  | 8,134 |  |  | 8,134 |  |  | - |  |  | -
﻿Total Securities |  |  | 135,425 |  |  | 8,134 |  |  | 127,291 |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿As of December 31, 2017: |  |  |  |  |  |  |  |  |  |  |  |
﻿Securities |  |  |  |  |  |  |  |  |  |  |  |
﻿ Residential mortgage backed securities |  | $ | 111,793 |  | $ | - |  | $ | 111,793 |  | $ | -
﻿ Municipal obligations |  |  | 2,502 |  |  | - |  |  | 2,502 |  |  | -
﻿ Preferred stock |  |  | 8,294 |  |  | 8,294 |  |  | - |  |  | -
﻿Total Securities |  |  | 122,589 |  |  | 8,294 |  |  | 114,295 |  |  | -
﻿
Fair Value Measurements, Nonrecurring |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | (Level 1) |  | (Level 2) |  |  |
﻿ |  |  |  |  | Quoted Prices in |  | Significant |  | (Level 3)
﻿ |  |  |  |  | Active Markets |  | Other |  | Significant
﻿ |  |  |  |  | for Identical |  | Observable |  | Unobservable
﻿Description |  | Total |  | Assets |  | Inputs |  | Inputs
﻿As of June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired Loans |  | $ | 8,857 |  | $ | - |  | $ | - |  | $ | 8,857
﻿Other real estate owned |  | $ | 1,178 |  | $ | - |  | $ | - |  | $ | 1,178
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿As of December 31, 2017: |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired Loans |  | $ | 10,369 |  | $ | - |  | $ | - |  | $ | 10,369
﻿Other real estate owned |  | $ | 532 |  | $ | - |  | $ | - |  | $ | 532
﻿
Quantitative Information about Level 3 Fair Value Measurements |
﻿ |  |  |  |  |
﻿Quantitative Information about Level 3 Fair Value Measurements
﻿ |  | Fair Value | Valuation | Unobservable | Range
﻿ |  | Estimate | Techniques | Input |
﻿June 30, 2018: |  |  |  |  |
﻿Impaired Loans | $ | 8,857 | Appraisal of collateral (1) | Appraisal adjustments (2) | 0%-10%
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿Other real estate owned | $ | 1,178 | Appraisal of collateral (1) | Appraisal adjustments (2) | 0%-10%
﻿ |  |  |  |  |
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |
﻿ |  | Fair Value | Valuation | Unobservable | Range
﻿ |  | Estimate | Techniques | Input |
﻿December 31, 2017: |  |  |  |  |
﻿Impaired Loans | $ | 10,369 | Appraisal of collateral (1) | Appraisal adjustments (2) | 0%-10%
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿Other real estate owned | $ | 532 | Appraisal of collateral (1) | Appraisal adjustments (2) | 0%-10%
﻿ |  |  |  |  |
﻿
| (1) |  | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not objectively determinable.
| (2) |  | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Carrying Values and Estimated Fair Values of Financial Instruments |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  | As of June 30, 2018
﻿ |  |
﻿ |  |  |  |  |  |  |  | Quoted Prices in Active |  | Significant |  | Significant
﻿ |  | Carrying |  |  |  |  | Markets for Identical Assets |  | Other Observable Inputs |  | Unobservable Inputs
﻿ |  | Value |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | (In Thousands)
﻿Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 180,445 |  | $ | 180,445 |  | $ | 180,445 |  | $ | - |  | $ | -
﻿Interest-earning time deposits |  |  | 980 |  |  | 980 |  |  | 980 |  |  | - |  |  | -
﻿Debt securities available for sale |  |  | 127,291 |  |  | 127,291 |  |  | - |  |  | 127,291 |  |  | -
﻿Equity investments |  |  | 8,134 |  |  | 8,134 |  |  | 8,134 |  |  | - |  |  | -
﻿Loans held for sale |  |  | 1,405 |  |  | 1,405 |  |  | - |  |  | 1,405 |  |  | -
﻿Loans receivable, net |  |  | 2,119,829 |  |  | 2,070,306 |  |  | - |  |  | - |  |  | 2,070,306
﻿FHLB of New York stock, at cost |  |  | 16,744 |  |  | 16,744 |  |  | - |  |  | 16,744 |  |  | -
﻿Accrued interest receivable |  |  | 7,563 |  |  | 7,563 |  |  | - |  |  | 7,563 |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Deposits |  |  | 1,984,876 |  |  | 1,991,258 |  |  | 935,885 |  |  | 1,055,373 |  |  | -
﻿Borrowings |  |  | 320,005 |  |  | 316,414 |  |  | - |  |  | 316,414 |  |  | -
﻿Subordinated debentures |  |  | 4,124 |  |  | 4,078 |  |  | - |  |  | 4,078 |  |  | -
﻿Accrued interest payable |  |  | 1,174 |  |  | 1,174 |  |  | - |  |  | 1,174 |  |  | -
﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  | As of December 31, 2017
﻿ |  |
﻿ |  |  |  |  |  |  |  | Quoted Prices in Active |  | Significant |  | Significant
﻿ |  | Carrying |  |  |  |  | Markets for Identical Assets |  | Other Observable Inputs |  | Unobservable Inputs
﻿ |  | Value |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | (In Thousands)
﻿Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents |  | $ | 124,235 |  | $ | 124,235 |  | $ | 124,235 |  | $ | - |  | $ | -
﻿Interest-earning time deposits |  |  | 980 |  |  | 980 |  |  | 980 |  |  | - |  |  | -
﻿Debt securities available for sale |  |  | 114,295 |  |  | 114,295 |  |  | - |  |  | 114,295 |  |  | -
﻿Equity investments |  |  | 8,294 |  |  | 8,294 |  |  | 8,294 |  |  | - |  |  | -
﻿Loans held for sale |  |  | 1,295 |  |  | 1,295 |  |  | - |  |  | 1,295 |  |  | -
﻿Loans receivable, net |  |  | 1,643,677 |  |  | 1,643,626 |  |  | - |  |  | - |  |  | 1,643,626
﻿FHLB of New York stock, at cost |  |  | 10,211 |  |  | 10,211 |  |  | - |  |  | 10,211 |  |  | -
﻿Accrued interest receivable |  |  | 6,153 |  |  | 6,153 |  |  | - |  |  | 6,153 |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Deposits |  |  | 1,569,370 |  |  | 1,578,382 |  |  | 903,155 |  |  | 673,227 |  |  | -
﻿Borrowings |  |  | 185,000 |  |  | 182,947 |  |  | - |  |  | 182,947 |  |  | -
﻿Subordinated debentures |  |  | 4,124 |  |  | 4,078 |  |  | - |  |  | 4,078 |  |  | -
﻿Accrued interest payable |  |  | 791 |  |  | 791 |  |  | - |  |  | 791 |  |  | -
﻿

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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). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- 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
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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