Document and Entity Information - shares |
9 Months Ended | |
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Sep. 30, 2019 |
Nov. 01, 2019 |
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Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | BCB BANCORP INC | |
Entity Central Index Key | 0001228454 | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 16,478,735 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
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Consolidated Statements of Comprehensive Income [Abstract] | ||||
Net Income | $ 5,232 | $ 4,594 | $ 15,910 | $ 11,539 |
Unrealized (losses) gains on available-for-sale debt securities: | ||||
Unrealized holding gains (losses) arising during the period | (713) | (845) | 3,488 | (4,189) |
Tax Effect | 193 | 155 | (861) | 967 |
Net of Tax Effect | (520) | (690) | 2,627 | (3,222) |
Other comprehensive (loss) income | (520) | (690) | 2,627 | (3,222) |
Comprehensive income | $ 4,712 | $ 3,904 | $ 18,537 | $ 8,317 |
Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
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Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
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Cash dividends declared (per share) | $ 0.14 | $ 0.14 | $ 0.14 | $ 0.14 | |
Series C Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
Series D Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% |
Series E Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 6.00% | 6.00% | |||
Series F Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
Series G Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 6.00% | 6.00% |
Basis of Presentation |
9 Months Ended |
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Sep. 30, 2019 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | Note 1 – Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of BCB Bancorp, Inc. (the “Company”) and the Company’s wholly owned subsidiaries, BCB Community Bank (the “Bank”), BCB Holding Company Investment Company, BCB New York Asset Management, Inc., Pamrapo Service Corporation, REO Special Asset I, LLC., and REO Special Asset II, LLC. The Company’s business is conducted principally through the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X and, therefore, do not necessarily include all information that would be included in audited consolidated financial statements. The information furnished reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of consolidated financial condition and results of operations. All such adjustments are of a normal recurring nature. These results are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2019 or any other future period. The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statement of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes for the year ended December 31, 2018, which are included in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred between September 30, 2019, and the date these consolidated financial statements were issued.
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Recent Accounting Pronouncements |
9 Months Ended |
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Sep. 30, 2019 | |
New Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | Note 2 - Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which superseded the lease requirements in Topic 840. The ASU requires lessees to recognize a right of use asset and related lease liability for all leases, with a limited exception for short-term leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of income. Previously, leases were classified as either capital or operating, with only capital leases recognized on the balance sheet. The reporting of lease related expenses in the statements of operations and cash flows is generally consistent with the prior guidance. The new guidance became effective for the Company in 2019. The standard has been applied using a modified retrospective transition method. The right-of-use asset and lease liability are reported on the Company’s consolidated statement of financial condition. The adoption of the provisions of this update did not have a significant impact to our consolidated statements of income. At September 30, 2019, the Company had $14.0 million in capitalized lease right-of-use assets and $14.1 million in related lease liabilities. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses. ASU 2016-13 requires entities to report “expected” credit losses on financial instruments and other commitments to extend credit rather than the current “incurred loss” model. These expected credit losses for financial assets held at the reporting date are to be based on historical experience, current conditions, and reasonable and supportable forecasts. This ASU will also require enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the consolidated financial statements. The amendments are effective for the Company in 2020. On October 16, 2019, the FASB approved changes to the effective date of ASU No. 2016-13 for smaller reporting companies, as defined by the SEC, and other non-SEC reporting entities. The proposal will delay the effective date to fiscal years beginning after December 31, 2022, including interim periods within those fiscal periods. As the Company is a smaller reporting company, the delay is applicable to the Company. The Company is evaluating the impact the adoption of ASU 2016-13 will have on its consolidated financial statements and results of operations. The effect of this change cannot be ascertained at this point, and will depend upon factors including asset components, asset quality and market conditions at the adoption date. In January 2016, the FASB issued ASU 2016-01, Financial Instruments- Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This guidance amends existing guidance to improve accounting standards for financial instruments including clarification and simplification of accounting and disclosure requirements and the requirement for public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2017. The Company recorded a cumulative effect adjustment to the balance sheet as of January 1, 2018 in the amount of $126,000, representing the unrealized gain of $175,000 at December 31, 2017 net of taxes of $49,000. The Company recorded a loss and gain to the income statement in the amounts of $45,000 and $220,000, respectively, for the three and nine months ended September 30, 2019 and losses of $82,000 and $242,000 for the three and nine months ended September 30, 2018. In January 2017, FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment (Topic 350). The main objective of this ASU is to simplify the accounting for goodwill impairment by requiring impairment charges be based upon the first step in the current two-step impairment test under Accounting Standards Codification (ASC) 350. Currently, if the fair value of a reporting unit is lower than its carrying amount (Step 1), an entity calculates any impairment charge by comparing the implied fair value of goodwill with its carrying amount (Step 2). This ASU’s objective is to simplify how all entities assess goodwill for impairment by eliminating Step 2 from the goodwill impairment test. As amended, the goodwill impairment test will consist of one step comparing the fair value of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The standard will be applied prospectively and is effective for annual and interim impairment tests performed in periods beginning after December 15, 2019. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is currently evaluating the impact of the pending adoption on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820) Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement as a result of a broader disclosure project. The Update amends the disclosure requirements for fair value measurements to improve the effectiveness of the disclosure. The Update removes and modifies certain disclosure requirements, as well as adds requirements for public business entities. The ASU is effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the Update and delay adoption of the additional disclosures until their effective date. This ASU will affect the Company’s disclosures only and will not have a financial statement impact.
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Reclassification |
9 Months Ended |
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Sep. 30, 2019 | |
Reclassification [Abstract] | |
Reclassification | Note 3 – Reclassification Certain amounts as of December 31, 2018 and for the three and nine month periods ended September 30, 2018 have been reclassified to conform to the current period’s presentation. These changes had no effect on the Company’s results of operations or financial position.
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Pension and Equity Incentive Plans |
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Pension and Equity Incentive Plans [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension and Equity Incentive Plans | Note 4 – Pension and Equity Incentive Plans Pension Plan The Company assumed, through the merger with Pamrapo Bancorp, Inc., a non-contributory defined benefit pension plan covering all eligible employees of Pamrapo Savings Bank. Effective January 1, 2010, the defined benefit pension plan (“Pension Plan”), was frozen by Pamrapo Savings Bank. All benefits for eligible participants accrued in the Pension Plan to the freeze date have been retained. Accordingly, no employees are permitted to commence participation in the Pension Plan and future salary increases and future years of service are not considered when computing an employee’s benefits under the Pension Plan. The Pension Plan is funded in conformity with the funding requirements of applicable government regulations. The Company also acquired through the merger with Pamrapo Bancorp, Inc. a supplemental executive retirement plan (“SERP”) in which certain former employees of Pamrapo Savings Bank are covered. A SERP is an unfunded non-qualified deferred retirement plan. Participants who retire at the age of 65 (the “Normal Retirement Age”), are entitled to an annual retirement benefit equal to 75% of compensation reduced by their retirement plan annual benefits. Participants retiring before the Normal Retirement Age receive the same benefits reduced by a percentage based on years of service to the Company and the number of years prior to the Normal Retirement Age that participants retire. Net periodic pension cost for the three and nine months ended September 30, 2019 and September 30, 2018 was $63,000, $146,000, $10,000, and $30,000, respectively. Net periodic postretirement cost for the SERP plan for each of the three and nine months ended September 30, 2019 and September 30, 2018 was $3,000, $9,000, $3,000, and $9,000, respectively. Equity Incentive Plans The Company, under the plan approved by its shareholders on April 26, 2018 (“2018 Equity Incentive Plan”), authorized the issuance of up to 1,000,000 shares of common stock of the Company pursuant to grants of stock options and restricted stock units. Employees and directors of the Company and the Bank are eligible to participate in the 2018 Stock Plan. All stock options will be granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. On June 14, 2019, a grant of 68,750 options was declared for members of the Board of Directors of the Bank and the Company which vest at a rate of 50% per year, over two years, commencing on the first anniversary of the grant date. The exercise price was recorded as of close of business on June 14, 2019. On June 14, 2019, a grant of 30,125 options was declared for certain executive officers of the Bank and the Company, which vest over a 2-year period, commencing on the anniversary of the award date. The exercise price was recorded as of the close of business on June 14, 2019. On June 14, 2019, an award of 33,110 shares of restricted stock was declared for members of the Board of Directors of the Bank and the Company, which vest over a 2-year period, commencing on the anniversary of the award date. On June 14, 2019, an award of 14,508 shares of restricted stock was declared for certain executive officers of the Bank and the Company, which vest over a 2-year period, commencing on the anniversary of the award date. On December 14, 2018, a grant of 300,000 options was declared for members of the Board of Directors of the Bank and the Company which vest at a rate of 50% per year, over two years, commencing on the first anniversary of the grant date. The exercise price was recorded as of close of business on December 14, 2018. On December 14, 2018, an award of 54,000 shares of restricted stock was declared for members of the Board of Directors of the Bank and the Company, which vest over a 2-year period, commencing on the anniversary of the award date. On December 14, 2018, an award of 13,321 shares of restricted stock was declared for certain executive officers of the Bank and the Company, which vest over a 2-year period, commencing on the anniversary of the award date. The Company, under the plan approved by its shareholders on April 28, 2011 (“2011 Stock Plan”), authorized the issuance of up to 900,000 shares of common stock of the Company pursuant to grants of stock options. Employees and directors of the Company and the Bank are eligible to participate in the 2011 Stock Plan. All stock options will be granted in the form of either "incentive" stock options or "non-qualified" stock options. Incentive stock options have certain tax advantages that must comply with the requirements of Section 422 of the Internal Revenue Code. Only employees are permitted to receive incentive stock options. On September 13, 2017, a grant of 275,000 options was declared for certain members of the Board of Directors of the Bank and the Company which vest at a rate of 10% per year, over ten years commencing on the first anniversary of the grant date. The exercise price was recorded as of the close of business on September 13, 2017. There were 75,000 stock options granted to employees in the fourth quarter of 2017 which vests at a rate of 20% per year.
Note 4 – Pension and Equity Incentive Plans (continued) The following table presents a summary of the status of the Company’s restricted shares as of September 30, 2019.
Expected future expenses relating to the non-vested restricted shares outstanding as of September 30, 2019 was approximately $930,000 over a weighted average period of 1.21 years. The following tables present a summary of the status of the Company’s outstanding stock option awards as of September 30, 2019 and September 30, 2018.
As of September 30, 2019, stock options which were granted and were exercisable totaled 268,633 stock options. It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to the 866,775 shares of unvested options outstanding as of September 30, 2019 was $1.6 million over a weighted average period of 4.71 years.
As of September 30, 2018, stock options which were granted and were exercisable totaled 242,033 stock options. It is Company policy to issue new shares upon share option exercise. Expected future compensation expense relating to 582,067 shares of unvested options outstanding as of September 30, 2018 was $1.1 million over a weighted average period of 6.75 years.
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Net Income per Common Share |
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Net Income per Common Share | Note 5 – Net Income per Common Share Basic net income per common share is computed by dividing net income less dividends on preferred stock by the weighted average number of shares of common stock outstanding. The diluted net income per common share is computed by adjusting the weighted average number of shares of common stock outstanding to include the effects of outstanding stock options, if dilutive, using the treasury stock method. Dilution is not applicable in periods of net loss. For the three and nine months ended September 30, 2019 and 2018, the difference in the weighted average number of basic and diluted common shares was due solely to the effects of outstanding stock options. No adjustments to net income were necessary in calculating basic and diluted net income per share. For the three months ended September 30, 2019 and 2018 the weighted average number of outstanding options considered to be anti-dilutive were 42,958 and 3,665 respectively. For the nine months ended September 30, 2019 and 2018, the weighted average number of outstanding options considered to be anti-dilutive were 32,054 and 1,896, respectively. At September 30, 2019, the Company has 6,465 shares of its Series F 6% noncumulative perpetual preferred stock (“Series F shares”) issued and outstanding, which are convertible into the Company’s common stock. The conversion of Series F shares to common shares was not included in the computation of diluted earnings per share as they would be anti-dilutive. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations:
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Debt Securities Available for Sale |
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Debt Securities Available for Sale [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Securities Available for Sale | Note 6 –Debt Securities Available for Sale The following tables present by maturity the amortized cost, gross unrealized gains and losses on, and fair value of, securities available for sale as of September 30, 2019 and December 31, 2018:
The unrealized losses, categorized by the length of time of continuous loss position, and fair value of related securities available for sale were as follows:
Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) whether the Company intends to sell the security or more likely than not will be required to sell the security before its anticipated recovery. At September 30, 2019 and December 31, 2018, management performed an assessment for possible OTTI of the Company’s residential mortgage-backed securities on an issue-by-issue basis, relying on information obtained from various sources, including publicly available financial data, ratings by external agencies, brokers and other sources. The extent of individual analysis applied to each security depended on the size of the Company’s investment, as well as management’s perception of the credit risk associated with each security. Based on the results of the assessment, management believes impairment of these securities, at September 30, 2019 and December 31, 2018, to be temporary.
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Loans Receivable and Allowance for Loan Losses |
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Loans Receivable and Allowance for Loan Losses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Receivable and Allowance for Loan Losses | Note 7 - Loans Receivable and Allowance for Loan Losses The following tables present the recorded investment in loans receivable as of September 30, 2019 and December 31, 2018 by segment and class:
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) Purchased Credit Impaired Loans The carrying value of loans acquired in the IAB acquisition and accounted for in accordance with ASC Subtopic 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality,” was $5.7 million at September 30, 2019, which was $1.6 million less than the balance at December 31, 2018. Under ASC Subtopic 310-30, these loans, referred to as purchased credit impaired (“PCI”) loans, may be aggregated and accounted for as pools of loans if the loans being aggregated have common risk characteristics. The Company elected to account for the loans with evidence of credit deterioration individually rather than aggregate them into pools. The difference between the undiscounted cash flows expected at acquisition and the investment in the acquired loans, or the “accretable yield,” is recognized as interest income utilizing the level-yield method over the life of each loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “non- accretable difference,” are not recognized as a yield adjustment, as a loss accrual or as a valuation allowance. Increases in expected cash flows subsequent to the acquisition are recognized prospectively through an adjustment of the yield on the loans over the remaining life, while decreases in expected cash flows are recognized as impairments through a loss provision and an increase in the allowance for loan and lease losses. Valuation allowances (recognized in the allowance for loan and lease losses) on these impaired loans reflect only losses incurred after the acquisition (representing all cash flows that were expected at acquisition but currently are not expected to be received). The following table presents changes in the accretable discount on loans acquired with deteriorated credit quality for which the Company applies the provisions of ASC 310-30 (in thousands):
The following table presents the unpaid principal balance and the related recorded investment of acquired loans included in the Company’s Consolidated Statements of Financial Condition. (In thousands):
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) Allowance for Loan Losses The allowance for loan loss is evaluated regularly by management and reflects consideration of all significant factors that affect the collectability of the loan portfolio. The Company’s methodology for assessing the adequacy of the allowance for loan losses consists of several key elements. These elements include a general allocated reserve for performing loans, a specific reserve for impaired loans and an unallocated portion. The Company consistently applies the following comprehensive methodology. During the quarterly review of the allowance for loan losses, the Company considers a variety of qualitative factors that include:
The methodology includes the segregation of the loan portfolio into two divisions. Loans that are performing and loans that are impaired. Loans which are performing are evaluated by loan class or loan type. The allowance for performing loans is evaluated based on historical loan experience with an adjustment for qualitative factors referred to above. Impaired loans are loans which are more than 90 days delinquent, troubled debt restructured, or adversely classified. These loans are individually evaluated for loan loss either by current appraisal, or net present value. Management reviews the overall estimate for feasibility and bases the loan loss provision accordingly. The loan portfolio is segmented into the following loan classes, where the risk level for each class is analyzed when determining the allowance for loan losses: Residential single family real estate loans involve certain risks such as interest rate risk and risk of non-repayment. Adjustable-rate residential family real estate loans decrease the interest rate risk to the Bank that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default. At the same time, the marketability of the underlying properties may be adversely affected by higher interest rates. Repayment risk may be affected by a number of factors including, but not necessarily limited to, job loss, divorce, illness and personal bankruptcy of the borrower. Commercial and multi-family real estate lending entails additional risks as compared with residential family property lending. Such loans typically involve large loan balances to single borrowers or groups of related borrowers. The payment experience on such loans is typically dependent on the successful operation of the real estate project. The success of such projects is sensitive to changes in supply and demand conditions in the market for commercial real estate as well as economic conditions generally. Construction lending is generally considered to involve a high risk due to the concentration of principal in a limited number of loans and borrowers and the effects of the general economic conditions on developers and builders. Moreover, a construction loan can involve additional risks because of the inherent difficulty in estimating both a property’s value at completion of the project and the estimated cost (including interest) of the project. The nature of these loans is such that they are generally difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not necessarily pre-sold and thus pose a greater potential risk to the Bank than construction loans to individuals on their personal residence. Commercial business lending, including lines of credit, is generally considered higher risk due to the concentration of principal in a limited number of loans and borrowers and the effects of general economic conditions on the business. Commercial business loans are primarily secured by inventories and other business assets. In most cases, any repossessed collateral for a defaulted commercial business loans will not provide an adequate source of repayment of the outstanding loan balance. Home equity lending entails certain risks such as interest rate risk and risk of non-repayment. The marketability of the underlying property may be adversely affected by higher interest rates, decreasing the collateral securing the loan. Repayment risk can be affected by job loss, divorce, illness and personal bankruptcy of the borrower. Home equity line of credit lending entails securing an equity interest in the borrower’s home. In many cases, the Bank’s position in these loans is as a junior lien holder to another institution’s superior lien. This type of lending is often priced on an adjustable rate basis with the rate set at or above a predefined index. Adjustable-rate loans decrease the interest rate risk to the Bank that is associated with changes in interest rates but involve other risks, primarily because as interest rates rise, the payment by the borrower rises to the extent permitted by the terms of the loan, thereby increasing the potential for default. Other consumer loans generally have more credit risk because of the type and nature of the collateral and, in certain cases, the absence of collateral. Consumer loans generally have shorter terms and higher interest rates than other lending. In addition, consumer lending collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be adversely effected by job loss, divorce, illness and personal bankruptcy. In most cases, any repossessed collateral for a defaulted consumer loan will not provide an adequate source of repayment of the outstanding loan. An unallocated component is maintained to cover uncertainties that could affect management’s estimates of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended September 30, 2019, and the related portion of the allowances for loan losses that is allocated to each loan class, as of September 30, 2019 (in thousands):
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the nine months ended September 30, 2019 (in thousands).
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended September 30, 2018 (in thousands).
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the nine months ended September 30, 2018 (in thousands).
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the amount recorded in loans receivable at December 31, 2018. The table also details the amount of total loans receivable that are evaluated individually, and collectively, for impairment and the related portion of the allowance for loan losses that is allocated to each loan class (in thousands).
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The table below sets forth the amounts and types of non-accrual loans in the Company’s loan portfolio as of September 30, 2019 and December 31, 2018. Loans are placed on non-accrual status when they become more than 90 days delinquent, or when the collection of principal and/or interest become doubtful. As of September 30, 2019 and December 31, 2018, total non-accrual loans differed from the amount of total loans past due greater than 90 days due to troubled debt restructuring of loans which are maintained on non-accrual status for a minimum of six months and until the borrower has demonstrated its ability to satisfy the terms of the restructured loan.
__________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. Nonaccrual loans in the preceding table do not include loans acquired with deteriorated credit quality which were recorded at their fair value at acquisition and totaled $5.5 million at September 30, 2019, and $7.0 million at December 31, 2018.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the average recorded investment and interest income recognized on impaired loans with no related allowance recorded by portfolio class for the three and nine months ended September 30, 2019 and 2018 (In thousands):
__________
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the average recorded investment and interest income recognized on impaired loans with allowance recorded by portfolio class for the three and nine months ended September 30, 2019 and 2018. (In thousands):
__________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. (3) Does not include accretable yield on loans acquired with deteriorated credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the recorded investment and unpaid principal balances where there is no related allowance on impaired loans by portfolio class at September 30, 2019 and December 31, 2018. (In thousands):
__________
(1) Includes business lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the recorded investment, unpaid principal balance, and the related allowance on impaired loans by portfolio class at September 30, 2019 and December 31, 2018. (In thousands):
__________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) A troubled debt restructured loan (“TDR”) is a loan that has been modified whereby the Company has agreed to make certain concessions to a borrower to meet the needs of both the borrower and the Company to maximize the ultimate recovery of a loan. A TDR occurs when a borrower is experiencing, or is expected to experience, financial difficulties and the loan is modified using a concession that would otherwise not be granted to the borrower. The types of concessions granted generally include, but are not limited to interest rate reductions, limitations on the accrued interest charged, term extensions, and deferment of principal. All TDRs were considered impaired and therefore were individually evaluated for impairment in the calculation of the allowance for loan losses. Prior to their classification as TDRs, certain of these loans had been collectively evaluated for impairment in the calculation of the allowance for loan losses.
TDRs restructured for the three months ended September 30, 2019 totaled $415,652 for three contracts, and no new TDRs were originated for the three months ended September 30, 2018. TDRs restructured for the nine months ended September 30, 2019 totaled $1.8 million for six contracts and $640,000 for one contract during the nine months ended September 30, 2018. TDRs for which there was a payment default within twelve months of restructuring totaled $105,000 during the three months ended September 30, 2019 and $640,000 for one contract during the three months ended September 30, 2018. TDRs for which there was a payment default within twelve months of restructuring totaled $105,000 during the nine months ended September 30, 2019 and $640,000 for one contract during the nine months ended September 30, 2018.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the delinquency status of total loans receivable as of September 30, 2019:
_________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the delinquency status of total loans receivable at December 31, 2018:
(1) Includes business lines of credit. (2) Includes home equity lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) Criticized and Classified Assets. Company policies provide for a classification system for problem assets. Under this classification system, problem assets are classified as “substandard,” “doubtful,” or “loss.” When the Company classifies problem assets, the Company may establish general allowances for loan losses in an amount deemed prudent by management. General allowances represent loss allowances which have been established to recognize the inherent risk associated with lending activities, but which, unlike specific allowances, have not been allocated to particular problem assets. A portion of general loss allowances established to cover possible losses related to assets classified as substandard or doubtful may be included in determining our regulatory capital. Specific valuation allowances for loan losses generally do not qualify as regulatory capital. As of September 30, 2019, we had $0 in assets classified as losses, and $16.0 million in assets classified as substandard, of which $16.0 million were classified as impaired. The loans classified as substandard are secured either by residential real estate, commercial real estate or heavy equipment. The loans that have been classified substandard were classified as such primarily due to payment status, because updated financial information has not been timely provided, or the collateral underlying the loan is in the process of being revalued. The Company’s internal credit risk grades are based on the definitions currently utilized by the banking regulatory agencies. The grades assigned and definitions are as follows, and loans graded excellent, above average, good and watch list (risk ratings 1-5) are treated as “pass” for grading purposes. The “criticized” risk rating (6) and the “classified” risk ratings (7-9) are detailed below: 6 – Special Mention- Loans currently performing but with potential weaknesses including adverse trends in borrower’s operations, credit quality, financial strength, or possible collateral deficiency. 7 – Substandard- Loans that are inadequately protected by current sound worth, paying capacity, and collateral support. Loans on “nonaccrual” status. The loan needs special and corrective attention. 8 – Doubtful- Weaknesses in credit quality and collateral support make full collection improbable, but pending reasonable factors remain sufficient to defer the loss status. 9 – Loss- Continuance as a bankable asset is not warranted. However, this does not preclude future attempts at partial recovery. The following table presents the loan portfolio types summarized by the aggregate pass rating and the classified ratings of special mention, substandard, doubtful, and loss within the Company’s internal risk rating system as of September 30, 2019. (In thousands):
_________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table presents the loan portfolio types summarized by the aggregate pass rating and the classified ratings of special mention, substandard, doubtful, and loss within the Company’s internal risk rating system as of December 31, 2018. (In thousands):
________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
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Stockholders' Equity |
9 Months Ended |
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Sep. 30, 2019 | |
Stockholders' Equity [Abstract] | |
Stockholders' Equity | Note 8 – Stockholders’ Equity On April 17, 2018, the Company issued 631,896 shares of its common stock, 438,889 shares of series E 6% non-cumulative convertible preferred stock and 6,465 shares of series F 6% non-cumulative convertible preferred stock in connection with its acquisition of IA Bancorp, Inc. The series E 6% non-cumulative convertible preferred stock was converted, at the shareholders’ discretion, on July 10, 2018. The series F 6% non-cumulative perpetual convertible preferred stock is convertible at the shareholder’s discretion. On May 16, 2018, the Company issued 82,950 shares of its common stock in connection with the conversion of the 438,889 shares of Series E preferred stock issued in connection with the acquisition of IA Bancorp, Inc. On January 30, 2019, the Company closed a private placement of Series G 6.0% Noncumulative Perpetual Preferred Stock, resulting in gross proceeds of $5,330,000 for 533 shares. On February 25, 2019, the Company closed a private placement offering of 496,224 shares of its common stock, of which directors and officers of the Company purchased 286,244 shares (the “Offering”). The Offering resulted in gross proceeds of $6.272 million to the Company.
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Goodwill and Other Intangible Assets |
9 Months Ended |
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Sep. 30, 2019 | |
Goodwill and Other Intangible Assets [Abstract] | |
Goodwill and Other Intangible Assets | Note 9 – Goodwill and Other Intangible Assets The Company’s intangible assets consist of goodwill and core deposit intangibles in connection with the acquisition of IA Bancorp, Inc. as of April 17, 2018. Goodwill is not amortized but is subject to annual tests for impairment or more often if events or circumstances indicate it may be impaired. The Company’s core deposit intangibles are amortized on an accelerated basis using an estimated life of 10 years and in accordance with U.S. GAAP are evaluated annually for impairment. An impairment loss will be recognized if the carrying amount of the intangible asset is not recoverable and exceeds fair value. The carrying amount of the intangible asset is not considered recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of the asset. We believe that the fair values of our intangible assets were in excess of their carrying amounts and therefore there was no impairment to intangible assets at September 30, 2019. Amortization expense of the core deposit intangibles was $18,000 and $54,000 for the three and nine months ended September 30, 2019, respectively, and $19,000 and $39,000 for the three and nine months ended September 30, 2018, respectively. The unamortized balance of the core deposit intangibles and the amount of goodwill at September 30, 2019 were $317,000 and $5.3 million, respectively, and at September 30, 2018 were $391,000 and $5.2 million, respectively.
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Fair Values of Financial Instruments |
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Fair Values of Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Values of Financial Instruments | Note 10 – Fair Values of Financial Instruments Guidance on fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
The only assets or liabilities that the Company measured at fair value on a recurring basis were as follows. (In thousands):
The Company’s policy is to recognize transfers between levels as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers of assets or liabilities into or out of Level 1, Level 2, or Level 3 of the fair value hierarchy during the three months ended September 30, 2019 and 2018. The only assets or liabilities that the Company measured at fair value on a nonrecurring basis were as follows. (In thousands):
Note 10 – Fair Values of Financial Instruments (Continued) The following tables present additional quantitative information as of September 30, 2019 and December 31, 2018 about assets measured at fair value on a nonrecurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value. (Dollars in thousands):
The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments as of September 30, 2019 and December 31, 2018. Cash and Cash Equivalents and Interest-Earning Time Deposits (Carried at Cost) The carrying amounts reported in the consolidated statements of financial condition for cash and short-term instruments approximate fair values. Securities Available for Sale The fair value of securities available for sale (carried at fair value) are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Equity Securities The fair values of available-for-sale securities are based on quoted market prices (Level 1). Loans Held for Sale (Carried at Lower of Cost or Fair Value) The fair value of loans held for sale is determined, when possible, using quoted secondary-market prices. If no such quoted prices exist, the fair value of a loan is determined using quoted prices for a similar loan or loans, adjusted for specific attributes of that loan. Loans held for sale are carried at their cost as of September 30, 2019 and December 31, 2018. Loans Receivable (Carried at Cost) The fair value of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values.
Note 10 – Fair Values of Financial Instruments (Continued) Impaired Loans A loan is impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due according to the original contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or as a practical expedient, at the loans observable market price or the fair value of the collateral if the loan is collateral dependent. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value at September 30, 2019 and December 31, 2018 consisted of the loan balances of $9.9 million and $9.5 million, net of a valuation allowance of $2.9 million and $2.2 million, respectively. Real Estate Owned (Generally Carried at Lower of Cost or Fair Value) Real Estate Owned is generally carried at fair value less estimated costs to sell which is determined based upon independent third-party appraisals of the properties, or based upon the expected proceeds from a pending sale. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. FHLB of New York Stock (Carried at Cost) The carrying amount of restricted investment in bank stock approximates fair value, and considers the limited marketability of such securities. Interest Receivable and Payable (Carried at Cost) The carrying amount of interest receivable and interest payable approximates its fair value. Deposits (Carried at Cost) The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Borrowings and Subordinated Debt (Carried at Cost) Fair values are estimated using discounted cash flow analysis, based on quoted prices for new long-term debt with similar credit risk characteristics, terms and remaining maturity. Prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Off-Balance Sheet Financial Instruments Fair values for the Company’s off-balance sheet financial instruments (lending commitments and unused lines of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties’ credit standing. The fair value of these commitments was deemed immaterial and is not presented in the accompanying table.
Note 10 – Fair Values of Financial Instruments (Continued) The carrying values and estimated fair values of financial instruments were as follows as of September 30, 2019 and December 31, 2018:
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Subordinated Debt |
9 Months Ended |
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Sep. 30, 2019 | |
Subordinated Debt [Abstract] | |
Subordinated Debt | Note 11 – Subordinated debt On July 30, 2018, the Company issued $33.5 million of fixed-to-floating rate subordinated debentures (the “Notes”) in a private placement. The Notes have a ten-year term and bear interest at a fixed annual rate of 5.625% for the first five years of the term (the "Fixed Interest Rate Period"). From and including August 1, 2023, the interest rate will adjust to a floating rate based on the three-month LIBOR plus 2.72% until redemption or maturity (the "Floating Interest Rate Period"). The Notes are scheduled to mature on August 1, 2028. Subject to limited exceptions, the Company cannot redeem the Notes for the first five years of the term. The Company will pay interest in arrears semi-annually during the Fixed Interest Rate Period and quarterly during the Floating Interest Rate Period during the term of the Notes. The Notes constitute an unsecured and subordinated obligation of the Company and rank junior in right of payment to any senior indebtedness and obligations to general and secured creditors. The Notes qualify as Tier 2 capital for the Company for regulatory purposes, when applicable, and the portion that the Company contributes to the Bank will qualify as Tier 1 capital for the Bank. The additional capital will be used for general corporate purposes including organic growth initiatives. Subordinated debt includes associated deferred costs of $872,000 at September 30, 2019. The Company also has $4,124,000 of mandatory redeemable Trust Preferred securities. The interest rate on these floating rate junior subordinated debentures adjusts quarterly, equal to the three-month LIBOR and 2.65%. As it is anticipated that LIBOR will be discontinued after 2021, the Company is reviewing the agreements for the above debentures to determine alternative reference rates, and does not anticipate there will be a significant financial statement impact.
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Lease Obligations |
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Lease Obligations | Note 12 – Lease Obligations In February 2016, FASB issued ASU 2016-02, Leases, which requires a lessee to recognize the assets and liabilities that arise from all leases with a term greater than 12 months. The core principle requires the lessee to recognize a liability to make lease payments and a right-of-use (“ROU”) asset. The Company adopted this standard in the first quarter of 2019 using the option to apply the transition provisions of the new standard at the adoption date instead of the earliest period presented as provided in ASU 2018-11. The Company leases 28 of our offices under various operating lease agreements. The leases have remaining terms of 1 year to 13 years. The leases contain provisions for the payment by the Company of its pro-rata share of real estate taxes, insurance, common area maintenance and other variable expenses. The Company will allocate payments made under such leases between lease and non-lease components. Some leases contain renewal options and options to purchase the assets. The Company evaluates its contracts and service agreements in order to determine if there is an asset imbedded in such contracts and agreements. Such determination is based upon whether there is a specific asset covered by the agreement, whether the Company is entitled to all of the economic benefits to the asset over the term of the agreement, and whether the Company has full control and use of the asset over the term of the agreement without substitution rights or direction of use of the asset by the lessor. The Company includes in its determination of its lease liability and concurrent right of use asset those renewal or purchase options for which it is reasonably certain it will exercise. Currently, the Company does not expect to exercise such options and, accordingly, they are excluded in the determination of the lease liabilities and the concurrent right of use assets. The Company has elected not to recognize a lease liability and a right of use asset for leases with a lease term of 12 or fewer months. To calculate its lease liabilities, the Company uses a discount rate based upon the applicable borrowing rates of the Federal Home Loan Bank for maturities corresponding to the termination dates of the specific leases. The following tables present certain information related to the Company’s adoption of ASU 2016-02 (in thousands):
The following tables summarize the Company’s weighted average remaining lease terms and weighted average discount rates:
Note 12 – Lease Obligations (continued) The following table summarizes the Company’s maturity of lease obligations for operating and finance leases at September 30, 2019 (in thousands):
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Subsequent Events |
9 Months Ended |
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Sep. 30, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 13 – Subsequent Events On October 9, 2019, the Board of Directors of the Company declared a common stock dividend of $0.14 per share to shareholders of record on November 8, 2019 with a payment date of November 22, 2019.
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Pension and Equity Incentive Plans (Tables) |
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Summary of Status of Restricted Shares |
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Summary of Stock Option Activity |
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Net Income per Common Share (Tables) |
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Net Income per Common Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted |
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Debt Securities Available for Sale (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Securities Available for Sale [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost and Gross Unrealized Gains and Losses on Securities Available for Sale |
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Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value |
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Loans Receivable and Allowance for Loan Losses (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Receivable and Allowance for Loan Losses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recorded Investment in Loans Receivable |
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Accretable and Non-Accretable Discount on Loans Acquired |
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Acquired Loans Included In Loans Receivable in Consolidated Statements of Financial Condition |
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Allowance for Loan Losses | The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended September 30, 2019, and the related portion of the allowances for loan losses that is allocated to each loan class, as of September 30, 2019 (in thousands):
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the nine months ended September 30, 2019 (in thousands).
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the three months ended September 30, 2018 (in thousands).
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the activity in the Company’s allowance for loan losses for the nine months ended September 30, 2018 (in thousands).
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the amount recorded in loans receivable at December 31, 2018. The table also details the amount of total loans receivable that are evaluated individually, and collectively, for impairment and the related portion of the allowance for loan losses that is allocated to each loan class (in thousands).
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Non-Accruing Loans |
__________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
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Impaired Loans | The following table summarizes the average recorded investment and interest income recognized on impaired loans with no related allowance recorded by portfolio class for the three and nine months ended September 30, 2019 and 2018 (In thousands):
__________
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the average recorded investment and interest income recognized on impaired loans with allowance recorded by portfolio class for the three and nine months ended September 30, 2019 and 2018. (In thousands):
__________ (1) Includes business lines of credit. (2) Includes home equity lines of credit. (3) Does not include accretable yield on loans acquired with deteriorated credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the recorded investment and unpaid principal balances where there is no related allowance on impaired loans by portfolio class at September 30, 2019 and December 31, 2018. (In thousands):
__________
(1) Includes business lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table summarizes the recorded investment, unpaid principal balance, and the related allowance on impaired loans by portfolio class at September 30, 2019 and December 31, 2018. (In thousands):
__________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
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Troubled Debt Restructurings |
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Delinquency Status of Total Loans |
_________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table sets forth the delinquency status of total loans receivable at December 31, 2018:
(1) Includes business lines of credit. (2) Includes home equity lines of credit.
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Loan Portfolio by Pass Rating |
_________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
Note 7 - Loans Receivable and Allowance for Loan Losses (Continued) The following table presents the loan portfolio types summarized by the aggregate pass rating and the classified ratings of special mention, substandard, doubtful, and loss within the Company’s internal risk rating system as of December 31, 2018. (In thousands):
________ (1) Includes business lines of credit. (2) Includes home equity lines of credit.
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Fair Values of Financial Instruments (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fair Values of Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring |
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Fair Value Measurements, Nonrecurring |
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Quantitative Information about Level 3 Fair Value Measurements |
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Carrying Values and Estimated Fair Values of Financial Instruments |
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Lease Obligations (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease Obligations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Lease Information |
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Summary of Lease Terms and Discount Rate |
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Summary of Maturity of Operating and Finance Leases |
|
Recent Accounting Pronouncements (Narrative) (Details) - USD ($) |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Jan. 01, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2017 |
|
Operating lease right-of-use assets | $ 13,951,000 | $ 13,951,000 | ||||
Operating lease liability | 14,054,000 | 14,054,000 | ||||
Unrealized gain (loss) on equity investments | (45,000) | $ (82,000) | 220,000 | $ (242,000) | ||
Accounting Standards Update 2016-01 [Member] | ||||||
Reclassification of unrealized gains on AFS equity securities | $ 126,000 | |||||
Unrealized gain on equity securities | $ 175,000 | |||||
Unrealized gain on equity securities, tax | $ 49,000 | |||||
Unrealized gain (loss) on equity investments | $ 45,000 | $ (82,000) | $ 220,000 | $ (242,000) |
Pension and Equity Incentive Plans (Summary of Restricted Stock Activity) (Details) |
9 Months Ended |
---|---|
Sep. 30, 2019
$ / shares
shares
| |
Pension and Equity Incentive Plans [Abstract] | |
Number of Shares Awarded, Non-vested at beginning of period | 67,321 |
Number of Shares Awarded, Granted | 47,618 |
Number of Shares Awarded, Vested | |
Number of Shares Awarded, Forfeited | |
Number of Shares Awarded, Non-vested at end of period | 114,939 |
Weighted Average Grant Date Fair Value, Non-vested at beginning of period | $ / shares | $ 11.26 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | 12.46 |
Weighted Average Grant Date Fair Value, Non-vested at end of period | $ / shares | $ 11.86 |
Net Income per Common Share (Narrative) (Details) - shares |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
---|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
|
Anti-dilutive outstanding options | 42,958 | 3,665 | 32,054 | 1,896 | |
Preferred stock, shares outstanding | 8,340 | 8,340 | 7,807 | ||
Series F Preferred Stock [Member] | |||||
Preferred stock, shares outstanding | 6,465 | 6,465 | |||
Preferred stock, dividend rate | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
Loans Receivable and Allowance for Loan Losses (Accretable And Non-Accretable Discount on Loans Acquired) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
|
Loans Receivable and Allowance for Loan Losses [Abstract] | ||||
Accretable yield, beginning balance | $ 2,229 | $ 1,191 | $ 2,704 | |
Additions from acquisition of IAB | 1,399 | $ 1,399 | ||
Accretion recorded to interest income | (229) | (180) | (704) | (388) |
Accretableyield, ending balance | $ 2,000 | $ 1,011 | $ 2,000 | $ 1,011 |
Loans Receivable and Allowance for Loan Losses (Acquired Loans Included In Loans Receivable in Consolidated Statements of Financial Condition) (Details) - USD ($) $ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
---|---|---|
Loans Receivable and Allowance for Loan Losses [Abstract] | ||
Unpaid principle balance | $ 247,207 | $ 301,357 |
Recorded investment | $ 208,564 | $ 250,486 |
Loans Receivable and Allowance for Loan Losses (Allowance for Loan Losses) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | $ 23,789 | $ 20,640 | $ 22,359 | $ 17,375 | $ 17,375 | |||||
Allowance for loan losses: Charge-offs | 1 | 61 | 257 | 446 | 446 | |||||
Allowance for loan losses: Recoveries | 3 | 18 | 45 | 266 | 300 | |||||
Allowance for loan losses: Provisions | 900 | 907 | 2,544 | 4,309 | 5,130 | |||||
Allowance for loan losses: Ending Balance | 24,691 | 21,504 | 24,691 | 21,504 | 22,359 | |||||
Loans receivables: Ending balance | 2,279,672 | 2,279,672 | 2,302,602 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 30,856 | 30,856 | 42,408 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 2,248,816 | 2,248,816 | 2,260,194 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 2,279,672 | 2,279,672 | 2,302,602 | |||||||
Residential [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 3,457 | 2,720 | 2,748 | 2,650 | 2,650 | |||||
Allowance for loan losses: Charge-offs | 1 | 1 | 374 | 374 | ||||||
Allowance for loan losses: Recoveries | 3 | 86 | 86 | |||||||
Allowance for loan losses: Provisions | (567) | (16) | 139 | 342 | 386 | |||||
Allowance for loan losses: Ending Balance | 2,889 | 2,704 | 2,889 | 2,704 | 2,748 | |||||
Loans receivables: Ending balance | 252,971 | 252,971 | 258,085 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 10,407 | 10,407 | 13,572 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 242,564 | 242,564 | 244,513 | |||||||
Commercial and Multi-family [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 14,388 | 13,188 | 14,168 | 11,668 | 11,668 | |||||
Allowance for loan losses: Charge-offs | 111 | |||||||||
Allowance for loan losses: Recoveries | 10 | |||||||||
Allowance for loan losses: Provisions | 556 | 1,348 | 877 | 2,868 | 2,500 | |||||
Allowance for loan losses: Ending Balance | 14,944 | 14,536 | 14,944 | 14,536 | 14,168 | |||||
Loans receivables: Ending balance | 1,668,982 | 1,668,982 | 1,697,837 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 15,741 | 15,741 | 24,331 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 1,653,241 | 1,653,241 | 1,673,506 | |||||||
Construction [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 1,454 | 516 | 1,003 | 518 | 518 | |||||
Allowance for loan losses: Charge-offs | ||||||||||
Allowance for loan losses: Recoveries | ||||||||||
Allowance for loan losses: Provisions | 83 | 136 | 534 | 134 | 485 | |||||
Allowance for loan losses: Ending Balance | 1,537 | 652 | 1,537 | 652 | 1,003 | |||||
Loans receivables: Ending balance | 131,697 | 131,697 | 107,783 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 131,697 | 131,697 | 107,783 | |||||||
Commercial Business [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [1] | 4,062 | 3,440 | 3,933 | 2,018 | 2,018 | ||||
Allowance for loan losses: Charge-offs | [1] | 10 | 145 | 15 | 15 | |||||
Allowance for loan losses: Recoveries | [1] | 15 | 18 | 176 | 205 | |||||
Allowance for loan losses: Provisions | [1] | 597 | (171) | 853 | 1,095 | 1,725 | ||||
Allowance for loan losses: Ending Balance | [1] | 4,659 | 3,274 | 4,659 | 3,274 | 3,933 | ||||
Loans receivables: Ending balance | [1] | 161,649 | 161,649 | 165,193 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [1] | 3,404 | 3,404 | 3,235 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [1] | 158,245 | 158,245 | 161,958 | ||||||
Home Equity [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [2] | 277 | 447 | 316 | 338 | 338 | ||||
Allowance for loan losses: Charge-offs | [2] | 9 | 15 | 15 | ||||||
Allowance for loan losses: Recoveries | [2] | 3 | 3 | 14 | 4 | 7 | ||||
Allowance for loan losses: Provisions | [2] | 24 | (122) | (26) | (8) | (14) | ||||
Allowance for loan losses: Ending Balance | [2] | 304 | 319 | 304 | 319 | 316 | ||||
Loans receivables: Ending balance | [2] | 63,645 | 63,645 | 72,895 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [2] | 1,304 | 1,304 | 1,270 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [2] | 62,341 | 62,341 | 71,625 | ||||||
Consumer [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 1 | 41 | 2 | 6 | 6 | |||||
Allowance for loan losses: Charge-offs | 42 | 42 | 42 | |||||||
Allowance for loan losses: Recoveries | 2 | |||||||||
Allowance for loan losses: Provisions | (1) | 1 | (2) | 36 | 36 | |||||
Allowance for loan losses: Ending Balance | 2 | |||||||||
Loans receivables: Ending balance | 728 | 728 | 809 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 728 | 728 | 809 | |||||||
Unallocated [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 150 | 288 | 189 | 177 | 177 | |||||
Allowance for loan losses: Charge-offs | ||||||||||
Allowance for loan losses: Recoveries | ||||||||||
Allowance for loan losses: Provisions | 208 | (269) | 169 | (158) | 12 | |||||
Allowance for loan losses: Ending Balance | 358 | 19 | 358 | 19 | 189 | |||||
Loans receivables: Ending balance | ||||||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | ||||||||||
Originated loans [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 22,705 | 20,025 | 21,750 | 17,081 | 17,081 | |||||
Allowance for loan losses: Charge-offs | 1 | 61 | 257 | 368 | 368 | |||||
Allowance for loan losses: Recoveries | 15 | 7 | 17 | |||||||
Allowance for loan losses: Provisions | 552 | 900 | 1,748 | 4,144 | 5,020 | |||||
Allowance for loan losses: Ending Balance | 23,256 | 20,864 | 23,256 | 20,864 | 21,750 | |||||
Loans receivables: Ending balance | 2,071,108 | 2,071,108 | 2,052,116 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 12,836 | 12,836 | 22,152 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 2,058,272 | 2,058,272 | 2,029,964 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 2,071,108 | 2,071,108 | 2,052,116 | |||||||
Originated loans [Member] | Residential [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 2,580 | 2,249 | 2,374 | 2,368 | 2,368 | |||||
Allowance for loan losses: Charge-offs | 1 | 1 | 302 | 302 | ||||||
Allowance for loan losses: Recoveries | 1 | 1 | ||||||||
Allowance for loan losses: Provisions | (145) | 137 | 61 | 319 | 307 | |||||
Allowance for loan losses: Ending Balance | 2,434 | 2,386 | 2,434 | 2,386 | 2,374 | |||||
Loans receivables: Ending balance | 213,266 | 213,266 | 213,200 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 3,868 | 3,868 | 6,043 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 209,398 | 209,398 | 207,157 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 213,266 | 213,266 | 213,200 | |||||||
Originated loans [Member] | Commercial and Multi-family [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 14,251 | 13,084 | 14,000 | 11,656 | 11,656 | |||||
Allowance for loan losses: Charge-offs | 111 | |||||||||
Allowance for loan losses: Provisions | 421 | 1,199 | 783 | 2,627 | 2,344 | |||||
Allowance for loan losses: Ending Balance | 14,672 | 14,283 | 14,672 | 14,283 | 14,000 | |||||
Loans receivables: Ending balance | 1,536,792 | 1,536,792 | 1,540,766 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 6,044 | 6,044 | 12,822 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 1,530,748 | 1,530,748 | 1,527,944 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 1,536,792 | 1,536,792 | 1,540,766 | |||||||
Originated loans [Member] | Construction [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 1,454 | 516 | 1,003 | 518 | 518 | |||||
Allowance for loan losses: Charge-offs | ||||||||||
Allowance for loan losses: Provisions | 83 | 136 | 534 | 134 | 485 | |||||
Allowance for loan losses: Ending Balance | 1,537 | 652 | 1,537 | 652 | 1,003 | |||||
Loans receivables: Ending balance | 131,697 | 131,697 | 106,187 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 131,697 | 131,697 | 106,187 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 131,697 | 131,697 | 106,187 | |||||||
Originated loans [Member] | Commercial Business [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [1] | 3,995 | 3,400 | 3,869 | 2,018 | 2,018 | ||||
Allowance for loan losses: Charge-offs | [1] | 10 | 145 | 15 | 15 | |||||
Allowance for loan losses: Recoveries | [1] | 15 | 6 | 14 | ||||||
Allowance for loan losses: Provisions | [1] | (29) | (179) | 227 | 1,202 | 1,852 | ||||
Allowance for loan losses: Ending Balance | [1] | 3,966 | 3,211 | 3,966 | 3,211 | 3,869 | ||||
Loans receivables: Ending balance | [1] | 140,162 | 140,162 | 136,966 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [1] | 1,951 | 1,951 | 2,372 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [1] | 138,211 | 138,211 | 134,594 | ||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | [1] | 140,162 | 140,162 | 136,966 | ||||||
Originated loans [Member] | Home Equity [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [2] | 274 | 447 | 313 | 338 | 338 | ||||
Allowance for loan losses: Charge-offs | [2] | 9 | 9 | 9 | ||||||
Allowance for loan losses: Provisions | [2] | 15 | (125) | (24) | (16) | (16) | ||||
Allowance for loan losses: Ending Balance | [2] | 289 | 313 | 289 | 313 | 313 | ||||
Loans receivables: Ending balance | [2] | 48,498 | 48,498 | 54,271 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [2] | 973 | 973 | 915 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [2] | 47,525 | 47,525 | 53,356 | ||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | [2] | 48,498 | 48,498 | 54,271 | ||||||
Originated loans [Member] | Consumer [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 1 | 41 | 2 | 6 | 6 | |||||
Allowance for loan losses: Charge-offs | 42 | 42 | 42 | |||||||
Allowance for loan losses: Recoveries | 2 | |||||||||
Allowance for loan losses: Provisions | (1) | 1 | (2) | 36 | 36 | |||||
Allowance for loan losses: Ending Balance | 2 | |||||||||
Loans receivables: Ending balance | 693 | 693 | 726 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 693 | 693 | 726 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 693 | 693 | 726 | |||||||
Originated loans [Member] | Unallocated [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 150 | 288 | 189 | 177 | 177 | |||||
Allowance for loan losses: Charge-offs | ||||||||||
Allowance for loan losses: Provisions | 208 | (269) | 169 | (158) | 12 | |||||
Allowance for loan losses: Ending Balance | 358 | 19 | 358 | 19 | 189 | |||||
Loans receivables: Ending balance | ||||||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | ||||||||||
Acquired loans recorded at fair value [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 731 | 550 | 335 | 242 | 242 | |||||
Allowance for loan losses: Charge-offs | 78 | 78 | ||||||||
Allowance for loan losses: Recoveries | 3 | 18 | 30 | 115 | 139 | |||||
Allowance for loan losses: Provisions | 432 | (288) | 801 | 1 | 32 | |||||
Allowance for loan losses: Ending Balance | 1,166 | 280 | 1,166 | 280 | 335 | |||||
Loans receivables: Ending balance | 200,849 | 200,849 | 241,162 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 10,768 | 10,768 | 11,379 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 190,081 | 190,081 | 229,783 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 200,849 | 200,849 | 241,162 | |||||||
Acquired loans recorded at fair value [Member] | Residential [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 731 | 418 | 335 | 242 | 242 | |||||
Allowance for loan losses: Charge-offs | 72 | 72 | ||||||||
Allowance for loan losses: Recoveries | 3 | 85 | 85 | |||||||
Allowance for loan losses: Provisions | (316) | (138) | 77 | 25 | 80 | |||||
Allowance for loan losses: Ending Balance | 415 | 280 | 415 | 280 | 335 | |||||
Loans receivables: Ending balance | 38,345 | 38,345 | 43,495 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 5,179 | 5,179 | 6,139 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 33,166 | 33,166 | 37,356 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 38,345 | 38,345 | 43,495 | |||||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 92 | |||||||||
Allowance for loan losses: Recoveries | 10 | |||||||||
Allowance for loan losses: Provisions | 112 | (92) | 102 | |||||||
Allowance for loan losses: Ending Balance | 112 | 112 | ||||||||
Loans receivables: Ending balance | 127,030 | 127,030 | 150,239 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 4,733 | 4,733 | 4,881 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 122,297 | 122,297 | 145,358 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 127,030 | 127,030 | 150,239 | |||||||
Acquired loans recorded at fair value [Member] | Construction [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | ||||||||||
Allowance for loan losses: Recoveries | ||||||||||
Allowance for loan losses: Provisions | ||||||||||
Allowance for loan losses: Ending Balance | ||||||||||
Loans receivables: Ending balance | 1,596 | |||||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 1,596 | |||||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 1,596 | |||||||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [1] | 40 | ||||||||
Allowance for loan losses: Recoveries | [1] | 15 | 3 | 27 | 48 | |||||
Allowance for loan losses: Provisions | [1] | 627 | (55) | 624 | (27) | (48) | ||||
Allowance for loan losses: Ending Balance | [1] | 627 | 627 | |||||||
Loans receivables: Ending balance | [1] | 20,531 | 20,531 | 27,373 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [1] | 564 | 564 | 53 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [1] | 19,967 | 19,967 | 27,320 | ||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | [1] | 20,531 | 20,531 | 27,373 | ||||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [2] | |||||||||
Allowance for loan losses: Charge-offs | [2] | 6 | 6 | |||||||
Allowance for loan losses: Recoveries | [2] | 3 | 3 | 14 | 3 | 6 | ||||
Allowance for loan losses: Provisions | [2] | 9 | (3) | (2) | 3 | |||||
Allowance for loan losses: Ending Balance | [2] | 12 | 12 | |||||||
Loans receivables: Ending balance | [2] | 14,908 | 14,908 | 18,376 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [2] | 292 | 292 | 306 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [2] | 14,616 | 14,616 | 18,070 | ||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | [2] | 14,908 | 14,908 | 18,376 | ||||||
Acquired loans recorded at fair value [Member] | Consumer [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | ||||||||||
Allowance for loan losses: Recoveries | ||||||||||
Allowance for loan losses: Provisions | ||||||||||
Allowance for loan losses: Ending Balance | ||||||||||
Loans receivables: Ending balance | 35 | 35 | 83 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 35 | 35 | 83 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 35 | 35 | 83 | |||||||
Acquired loans recorded at fair value [Member] | Unallocated [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | ||||||||||
Allowance for loan losses: Recoveries | ||||||||||
Allowance for loan losses: Provisions | ||||||||||
Allowance for loan losses: Ending Balance | ||||||||||
Loans receivables: Ending balance | ||||||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | ||||||||||
Acquired loans with deteriorated credit [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 353 | 65 | 274 | 52 | 52 | |||||
Allowance for loan losses: Recoveries | 144 | 144 | ||||||||
Allowance for loan losses: Provisions | (84) | 295 | (5) | 164 | 78 | |||||
Allowance for loan losses: Ending Balance | 269 | 360 | 269 | 360 | 274 | |||||
Loans receivables: Ending balance | 7,715 | 7,715 | 9,324 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 7,252 | 7,252 | 8,877 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 463 | 463 | 447 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 7,715 | 7,715 | 9,324 | |||||||
Acquired loans with deteriorated credit [Member] | Residential [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 146 | 53 | 39 | 40 | 40 | |||||
Allowance for loan losses: Provisions | (106) | (15) | 1 | (2) | (1) | |||||
Allowance for loan losses: Ending Balance | 40 | 38 | 40 | 38 | 39 | |||||
Loans receivables: Ending balance | 1,360 | 1,360 | 1,390 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 1,360 | 1,360 | 1,390 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | ||||||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 1,360 | 1,360 | 1,390 | |||||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | 137 | 12 | 168 | 12 | 12 | |||||
Allowance for loan losses: Provisions | 23 | 241 | (8) | 241 | 156 | |||||
Allowance for loan losses: Ending Balance | 160 | 253 | 160 | 253 | 168 | |||||
Loans receivables: Ending balance | 5,160 | 5,160 | 6,832 | |||||||
Loans receivables: Ending balance: individually evaluated for impairment | 4,964 | 4,964 | 6,628 | |||||||
Loans receivables: Ending balance: collectively evaluated for impairment | 196 | 196 | 204 | |||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | 5,160 | 5,160 | 6,832 | |||||||
Acquired loans with deteriorated credit [Member] | Construction [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | ||||||||||
Allowance for loan losses: Provisions | ||||||||||
Allowance for loan losses: Ending Balance | ||||||||||
Loans receivables: Ending balance | ||||||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | ||||||||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [1] | 67 | 64 | |||||||
Allowance for loan losses: Recoveries | [1] | 143 | 143 | |||||||
Allowance for loan losses: Provisions | [1] | (1) | 63 | 2 | (80) | (79) | ||||
Allowance for loan losses: Ending Balance | [1] | 66 | 63 | 66 | 63 | 64 | ||||
Loans receivables: Ending balance | [1] | 956 | 956 | 854 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [1] | 889 | 889 | 810 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [1] | 67 | 67 | 44 | ||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | [1] | 956 | 956 | 854 | ||||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | [2] | 3 | 3 | |||||||
Allowance for loan losses: Recoveries | [2] | 1 | 1 | |||||||
Allowance for loan losses: Provisions | [2] | 6 | 5 | 2 | ||||||
Allowance for loan losses: Ending Balance | [2] | 3 | $ 6 | 3 | $ 6 | 3 | ||||
Loans receivables: Ending balance | [2] | 239 | 239 | 248 | ||||||
Loans receivables: Ending balance: individually evaluated for impairment | [2] | 39 | 39 | 49 | ||||||
Loans receivables: Ending balance: collectively evaluated for impairment | [2] | 200 | 200 | 199 | ||||||
Loans receivables: Ending balance: loans acquired with deteriorated credit quality | [2] | 239 | 239 | $ 248 | ||||||
Acquired loans with deteriorated credit [Member] | Consumer [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | ||||||||||
Allowance for loan losses: Provisions | ||||||||||
Allowance for loan losses: Ending Balance | ||||||||||
Loans receivables: Ending balance | ||||||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | ||||||||||
Acquired loans with deteriorated credit [Member] | Unallocated [Member] | ||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||
Allowance for loan losses: Beginning Balance | ||||||||||
Allowance for loan losses: Provisions | ||||||||||
Allowance for loan losses: Ending Balance | ||||||||||
Loans receivables: Ending balance | ||||||||||
Loans receivables: Ending balance: individually evaluated for impairment | ||||||||||
Loans receivables: Ending balance: collectively evaluated for impairment | ||||||||||
|
Loans Receivable and Allowance for Loan Losses (Non-Accruing Loans) (Details) - USD ($) $ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
|||||
---|---|---|---|---|---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | $ 5,074 | $ 7,221 | |||||
Originated loans [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | 3,635 | 4,361 | |||||
Originated loans [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | 814 | 1,160 | |||||
Originated loans [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | 1,584 | 2,568 | |||||
Originated loans [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | [1] | 887 | 356 | ||||
Originated loans [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | [2] | 350 | 277 | ||||
Acquired loans recorded at fair value [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | 1,439 | 2,860 | |||||
Acquired loans recorded at fair value [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | 1,046 | 2,165 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | 605 | ||||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | [1] | 378 | 48 | ||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | [2] | 15 | 42 | ||||
Acquired loans with deteriorated credit [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Non-accrual loans | $ 5,500 | $ 7,000 | |||||
|
Loans Receivable and Allowance for Loan Losses (Impaired Loans) (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | $ 24,844 | $ 38,139 | $ 26,919 | $ 33,489 | ||||||||
Average Recorded Investment - With an allowance recorded | 9,225 | 10,941 | 8,674 | 11,293 | ||||||||
Interest Income Recognized - With no related allowance recorded | 239 | 239 | 845 | 755 | ||||||||
Interest Income Recognized - With an allowance recorded | 74 | 105 | 256 | 311 | ||||||||
Recorded Investment - With no related allowance recorded | 20,912 | 20,912 | $ 32,939 | |||||||||
Recorded Investment - With an allowance recorded | 9,944 | 9,944 | 9,469 | |||||||||
Recorded Investment - Total | 30,856 | 30,856 | 42,408 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 31,076 | 31,076 | 43,523 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 12,585 | 12,585 | 10,033 | |||||||||
Unpaid Principal Balance - Total | 43,661 | 43,661 | 53,556 | |||||||||
Related Allowance | 2,853 | 2,853 | 2,181 | |||||||||
Originated loans [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 12,563 | 16,252 | 14,094 | 15,820 | ||||||||
Average Recorded Investment - With an allowance recorded | 3,122 | 6,237 | 3,062 | 6,454 | ||||||||
Interest Income Recognized - With no related allowance recorded | 125 | 143 | 520 | 431 | ||||||||
Interest Income Recognized - With an allowance recorded | 22 | 71 | 129 | 211 | ||||||||
Recorded Investment - With no related allowance recorded | 10,003 | 10,003 | 17,070 | |||||||||
Recorded Investment - With an allowance recorded | 2,833 | 2,833 | 5,082 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 12,934 | 12,934 | 20,187 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 3,949 | 3,949 | 5,275 | |||||||||
Related Allowance | 903 | 903 | 1,266 | |||||||||
Originated loans [Member] | Residential [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 2,179 | 1,921 | 2,627 | 1,910 | ||||||||
Average Recorded Investment - With an allowance recorded | 2,032 | 4,310 | 2,175 | 4,601 | ||||||||
Interest Income Recognized - With no related allowance recorded | 20 | 7 | 66 | 22 | ||||||||
Interest Income Recognized - With an allowance recorded | 18 | 47 | 67 | 141 | ||||||||
Recorded Investment - With no related allowance recorded | 2,246 | 2,246 | 2,623 | |||||||||
Recorded Investment - With an allowance recorded | 1,622 | 1,622 | 3,420 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 2,342 | 2,342 | 2,689 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 1,622 | 1,622 | 3,420 | |||||||||
Related Allowance | 81 | 81 | 229 | |||||||||
Originated loans [Member] | Commercial and Multi-family [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 8,655 | 12,345 | 9,680 | 12,090 | ||||||||
Average Recorded Investment - With an allowance recorded | 485 | 485 | ||||||||||
Interest Income Recognized - With no related allowance recorded | 56 | 86 | 310 | 257 | ||||||||
Recorded Investment - With no related allowance recorded | 6,044 | 6,044 | 12,711 | |||||||||
Recorded Investment - With an allowance recorded | 111 | |||||||||||
Unpaid Principal Balance - With no related allowance recorded | 6,297 | 6,297 | 13,308 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 153 | |||||||||||
Related Allowance | 111 | |||||||||||
Originated loans [Member] | Commercial Business [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [1] | 1,131 | 1,074 | 1,138 | 910 | |||||||
Average Recorded Investment - With an allowance recorded | [1] | 822 | 1,266 | 658 | 1,199 | |||||||
Interest Income Recognized - With no related allowance recorded | [1] | 43 | 43 | 126 | 130 | |||||||
Interest Income Recognized - With an allowance recorded | [1] | 3 | 22 | 57 | 65 | |||||||
Recorded Investment - With no related allowance recorded | [1] | 1,124 | 1,124 | 974 | ||||||||
Recorded Investment - With an allowance recorded | [1] | 827 | 827 | 1,398 | ||||||||
Unpaid Principal Balance - With no related allowance recorded | [1] | 3,695 | 3,695 | 3,411 | ||||||||
Unpaid Principal Balance - With an allowance recorded | [1] | 1,943 | 1,943 | 1,549 | ||||||||
Related Allowance | [1] | 800 | 800 | 905 | ||||||||
Originated loans [Member] | Home Equity [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [2] | 598 | 912 | 649 | 910 | |||||||
Average Recorded Investment - With an allowance recorded | [2] | 268 | 155 | 229 | 155 | |||||||
Interest Income Recognized - With no related allowance recorded | [2] | 6 | 7 | 18 | 22 | |||||||
Interest Income Recognized - With an allowance recorded | [2] | 1 | 2 | 5 | 5 | |||||||
Recorded Investment - With no related allowance recorded | [2] | 589 | 589 | 762 | ||||||||
Recorded Investment - With an allowance recorded | [2] | 384 | 384 | 153 | ||||||||
Unpaid Principal Balance - With no related allowance recorded | [2] | 600 | 600 | 779 | ||||||||
Unpaid Principal Balance - With an allowance recorded | [2] | 384 | 384 | 153 | ||||||||
Related Allowance | [2] | 22 | 22 | 21 | ||||||||
Originated loans [Member] | Consumer [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With an allowance recorded | 21 | 14 | ||||||||||
Acquired loans recorded at fair value [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 6,243 | 7,367 | 6,369 | 7,474 | ||||||||
Average Recorded Investment - With an allowance recorded | 4,633 | 4,335 | 4,510 | 4,470 | ||||||||
Interest Income Recognized - With no related allowance recorded | 93 | 73 | 261 | 256 | ||||||||
Interest Income Recognized - With an allowance recorded | 45 | 29 | 108 | 90 | ||||||||
Recorded Investment - With no related allowance recorded | 6,069 | 6,069 | 7,359 | |||||||||
Recorded Investment - With an allowance recorded | 4,699 | 4,699 | 4,020 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 6,591 | 6,591 | 7,490 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 6,168 | 6,168 | 4,344 | |||||||||
Related Allowance | 1,907 | 1,907 | 906 | |||||||||
Acquired loans recorded at fair value [Member] | Residential [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 1,931 | 3,349 | 2,081 | 3,443 | ||||||||
Average Recorded Investment - With an allowance recorded | 3,291 | 3,210 | 3,286 | 3,384 | ||||||||
Interest Income Recognized - With no related allowance recorded | 23 | 16 | 73 | 76 | ||||||||
Interest Income Recognized - With an allowance recorded | 30 | 24 | 82 | 73 | ||||||||
Recorded Investment - With no related allowance recorded | 1,812 | 1,812 | 3,123 | |||||||||
Recorded Investment - With an allowance recorded | 3,367 | 3,367 | 3,016 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 1,918 | 1,918 | 3,254 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 3,532 | 3,532 | 3,166 | |||||||||
Related Allowance | 484 | 484 | 532 | |||||||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 3,882 | 3,733 | 3,898 | 3,760 | ||||||||
Average Recorded Investment - With an allowance recorded | 881 | 916 | 889 | 919 | ||||||||
Interest Income Recognized - With no related allowance recorded | 55 | 53 | 165 | 168 | ||||||||
Interest Income Recognized - With an allowance recorded | 14 | 4 | 22 | 13 | ||||||||
Recorded Investment - With no related allowance recorded | 3,861 | 3,861 | 3,961 | |||||||||
Recorded Investment - With an allowance recorded | 872 | 872 | 920 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 3,861 | 3,861 | 3,961 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 1,064 | 1,064 | 1,094 | |||||||||
Related Allowance | 302 | 302 | 369 | |||||||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [1] | 119 | 51 | 96 | 34 | |||||||
Average Recorded Investment - With an allowance recorded | [1] | 377 | 124 | 251 | 82 | |||||||
Interest Income Recognized - With no related allowance recorded | [1] | 12 | 1 | 14 | 2 | |||||||
Recorded Investment - With no related allowance recorded | [1] | 187 | 187 | 53 | ||||||||
Recorded Investment - With an allowance recorded | [1] | 377 | 377 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | [1] | 602 | 602 | 53 | ||||||||
Unpaid Principal Balance - With an allowance recorded | [1] | 1,489 | 1,489 | |||||||||
Related Allowance | [1] | 1,117 | 1,117 | |||||||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [2] | 311 | 223 | 294 | 230 | |||||||
Average Recorded Investment - With an allowance recorded | [2] | 84 | 85 | 84 | 85 | |||||||
Interest Income Recognized - With no related allowance recorded | [2] | 3 | 3 | 9 | 10 | |||||||
Interest Income Recognized - With an allowance recorded | [2] | 1 | 1 | 4 | 4 | |||||||
Recorded Investment - With no related allowance recorded | [2] | 209 | 209 | 222 | ||||||||
Recorded Investment - With an allowance recorded | [2] | 83 | 83 | 84 | ||||||||
Unpaid Principal Balance - With no related allowance recorded | [2] | 210 | 210 | 222 | ||||||||
Unpaid Principal Balance - With an allowance recorded | [2] | 83 | 83 | 84 | ||||||||
Related Allowance | [2] | 4 | 4 | 5 | ||||||||
Acquired loans recorded at fair value [Member] | Consumer [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 11 | 7 | ||||||||||
Acquired loans with deteriorated credit [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | 6,038 | 14,520 | 6,456 | 10,195 | ||||||||
Average Recorded Investment - With an allowance recorded | 1,470 | 369 | 1,102 | 369 | ||||||||
Interest Income Recognized - With no related allowance recorded | 21 | 23 | 64 | 68 | ||||||||
Interest Income Recognized - With an allowance recorded | 7 | 5 | 19 | 10 | ||||||||
Recorded Investment - With no related allowance recorded | 4,840 | 4,840 | 8,510 | |||||||||
Recorded Investment - With an allowance recorded | 2,412 | 2,412 | 367 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 11,551 | 11,551 | 15,846 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 2,468 | 2,468 | 414 | |||||||||
Related Allowance | 43 | 43 | 9 | |||||||||
Acquired loans with deteriorated credit [Member] | Residential [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [3] | 839 | 1,030 | 898 | 1,032 | |||||||
Average Recorded Investment - With an allowance recorded | [3] | 527 | 369 | 473 | 369 | |||||||
Interest Income Recognized - With no related allowance recorded | [3] | 14 | 16 | 44 | 48 | |||||||
Interest Income Recognized - With an allowance recorded | [3] | 7 | 5 | 19 | 10 | |||||||
Recorded Investment - With no related allowance recorded | 834 | 834 | 1,023 | |||||||||
Recorded Investment - With an allowance recorded | 526 | 526 | 367 | |||||||||
Unpaid Principal Balance - With no related allowance recorded | 1,391 | 1,391 | 1,579 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 573 | 573 | 414 | |||||||||
Related Allowance | 9 | 9 | 9 | |||||||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [3] | 4,264 | 10,980 | 4,666 | 7,490 | |||||||
Average Recorded Investment - With an allowance recorded | 943 | 629 | ||||||||||
Interest Income Recognized - With no related allowance recorded | [3] | 7 | 7 | 20 | 20 | |||||||
Recorded Investment - With no related allowance recorded | 3,078 | 3,078 | 6,628 | |||||||||
Recorded Investment - With an allowance recorded | 1,886 | 1,886 | ||||||||||
Unpaid Principal Balance - With no related allowance recorded | 4,175 | 4,175 | 7,957 | |||||||||
Unpaid Principal Balance - With an allowance recorded | 1,895 | 1,895 | ||||||||||
Related Allowance | 34 | 34 | ||||||||||
Acquired loans with deteriorated credit [Member] | Construction [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [3] | 1,335 | 890 | |||||||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [1],[3] | 894 | 922 | 849 | 614 | |||||||
Recorded Investment - With no related allowance recorded | [1] | 889 | 889 | 810 | ||||||||
Unpaid Principal Balance - With no related allowance recorded | [1] | 5,936 | 5,936 | 6,253 | ||||||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [2],[3] | 41 | 226 | 43 | 151 | |||||||
Recorded Investment - With no related allowance recorded | [2] | 39 | 39 | 49 | ||||||||
Unpaid Principal Balance - With no related allowance recorded | [2] | $ 49 | $ 49 | $ 57 | ||||||||
Acquired loans with deteriorated credit [Member] | Consumer [Member] | ||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||
Average Recorded Investment - With no related allowance recorded | [3] | $ 27 | $ 18 | |||||||||
|
Loans Receivable and Allowance for Loan Losses (Troubled Debt Restructurings) (Details) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2019
USD ($)
loan
|
Sep. 30, 2018
loan
|
Sep. 30, 2019
USD ($)
loan
|
Sep. 30, 2018
loan
|
Dec. 31, 2018
USD ($)
|
|
Financing Receivable, Modifications [Line Items] | |||||
Troubled debt restructuring, number | loan | 3 | 0 | 6 | 1 | |
Troubled debt restructuring, amount | $ 18,379 | $ 18,379 | $ 26,613 | ||
Accrual Status [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Troubled debt restructuring, amount | 16,489 | 16,489 | 22,477 | ||
Non-Accrual Status [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Troubled debt restructuring, amount | $ 1,890 | $ 1,890 | $ 4,136 |
Loans Receivable and Allowance for Loan Losses (Delinquency Status of Total Loans) (Details) - USD ($) $ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
|||||
---|---|---|---|---|---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | $ 15,407 | $ 29,312 | |||||
Current | 2,264,265 | 2,273,290 | |||||
Financing Receivable, Net, Total | 2,279,672 | 2,302,602 | |||||
Loans Receivable >90 Days and Accruing | 530 | 1,422 | |||||
30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 5,671 | 15,632 | |||||
60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,618 | 2,020 | |||||
Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 8,118 | 11,660 | |||||
Originated loans [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 6,951 | 14,072 | |||||
Current | 2,064,157 | 2,038,044 | |||||
Financing Receivable, Net, Total | 2,071,108 | 2,052,116 | |||||
Loans Receivable >90 Days and Accruing | 72 | 1,422 | |||||
Originated loans [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 4,451 | 9,883 | |||||
Originated loans [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,541 | 1,400 | |||||
Originated loans [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 959 | 2,789 | |||||
Originated loans [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,288 | 3,446 | |||||
Current | 211,978 | 209,754 | |||||
Financing Receivable, Net, Total | 213,266 | 213,200 | |||||
Loans Receivable >90 Days and Accruing | 545 | ||||||
Originated loans [Member] | Residential [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,288 | 980 | |||||
Originated loans [Member] | Residential [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,014 | ||||||
Originated loans [Member] | Residential [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,452 | ||||||
Originated loans [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 3,922 | 8,361 | |||||
Current | 1,532,870 | 1,532,405 | |||||
Financing Receivable, Net, Total | 1,536,792 | 1,540,766 | |||||
Loans Receivable >90 Days and Accruing | 877 | ||||||
Originated loans [Member] | Commercial and Multi-family [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 2,910 | 7,074 | |||||
Originated loans [Member] | Commercial and Multi-family [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,012 | 299 | |||||
Originated loans [Member] | Commercial and Multi-family [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 988 | ||||||
Originated loans [Member] | Construction [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Current | 131,697 | 106,187 | |||||
Financing Receivable, Net, Total | 131,697 | 106,187 | |||||
Loans Receivable >90 Days and Accruing | |||||||
Originated loans [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 1,518 | 1,680 | ||||
Current | [1] | 138,644 | 135,286 | ||||
Financing Receivable, Net, Total | [1] | 140,162 | 136,966 | ||||
Loans Receivable >90 Days and Accruing | [1] | 45 | |||||
Originated loans [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 57 | 1,331 | ||||
Originated loans [Member] | Commercial Business [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 529 | |||||
Originated loans [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 932 | 349 | ||||
Originated loans [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 223 | 585 | ||||
Current | [2] | 48,275 | 53,686 | ||||
Financing Receivable, Net, Total | [2] | 48,498 | 54,271 | ||||
Loans Receivable >90 Days and Accruing | [2] | 27 | |||||
Originated loans [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 196 | 498 | ||||
Originated loans [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 87 | |||||
Originated loans [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 27 | |||||
Originated loans [Member] | Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Current | 693 | 726 | |||||
Financing Receivable, Net, Total | 693 | 726 | |||||
Loans Receivable >90 Days and Accruing | |||||||
Acquired loans recorded at fair value [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 2,940 | 8,374 | |||||
Current | 197,909 | 232,788 | |||||
Financing Receivable, Net, Total | 200,849 | 241,162 | |||||
Loans Receivable >90 Days and Accruing | 458 | ||||||
Acquired loans recorded at fair value [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 981 | 5,749 | |||||
Acquired loans recorded at fair value [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 77 | 620 | |||||
Acquired loans recorded at fair value [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,882 | 2,005 | |||||
Acquired loans recorded at fair value [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,487 | 3,554 | |||||
Current | 36,858 | 39,941 | |||||
Financing Receivable, Net, Total | 38,345 | 43,495 | |||||
Loans Receivable >90 Days and Accruing | 167 | ||||||
Acquired loans recorded at fair value [Member] | Residential [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 274 | 1,117 | |||||
Acquired loans recorded at fair value [Member] | Residential [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 520 | ||||||
Acquired loans recorded at fair value [Member] | Residential [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 1,213 | 1,917 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 431 | 1,558 | |||||
Current | 126,599 | 148,681 | |||||
Financing Receivable, Net, Total | 127,030 | 150,239 | |||||
Loans Receivable >90 Days and Accruing | 153 | ||||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 201 | 1,480 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 77 | 78 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 153 | ||||||
Acquired loans recorded at fair value [Member] | Construction [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 594 | ||||||
Current | 1,002 | ||||||
Financing Receivable, Net, Total | 1,596 | ||||||
Loans Receivable >90 Days and Accruing | |||||||
Acquired loans recorded at fair value [Member] | Construction [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 594 | ||||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 953 | 1,922 | ||||
Current | [1] | 19,578 | 25,451 | ||||
Financing Receivable, Net, Total | [1] | 20,531 | 27,373 | ||||
Loans Receivable >90 Days and Accruing | [1] | 138 | |||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 437 | 1,876 | ||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 516 | 46 | ||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 69 | 746 | ||||
Current | [2] | 14,839 | 17,630 | ||||
Financing Receivable, Net, Total | [2] | 14,908 | 18,376 | ||||
Loans Receivable >90 Days and Accruing | [2] | ||||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 69 | 682 | ||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | 60 to 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 22 | |||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 42 | |||||
Acquired loans recorded at fair value [Member] | Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Current | 35 | 83 | |||||
Financing Receivable, Net, Total | 35 | 83 | |||||
Loans Receivable >90 Days and Accruing | |||||||
Acquired loans with deteriorated credit [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 5,516 | 6,866 | |||||
Current | 2,199 | 2,458 | |||||
Financing Receivable, Net, Total | 7,715 | 9,324 | |||||
Loans Receivable >90 Days and Accruing | |||||||
Acquired loans with deteriorated credit [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 239 | ||||||
Acquired loans with deteriorated credit [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 5,277 | 6,866 | |||||
Acquired loans with deteriorated credit [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Current | 1,360 | 1,390 | |||||
Financing Receivable, Net, Total | 1,360 | 1,390 | |||||
Loans Receivable >90 Days and Accruing | |||||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 4,386 | 6,012 | |||||
Current | 774 | 820 | |||||
Financing Receivable, Net, Total | 5,160 | 6,832 | |||||
Loans Receivable >90 Days and Accruing | |||||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | 4,386 | 6,012 | |||||
Acquired loans with deteriorated credit [Member] | Construction [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans Receivable >90 Days and Accruing | |||||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 891 | 806 | ||||
Current | [1] | 65 | 48 | ||||
Financing Receivable, Net, Total | [1] | 956 | 854 | ||||
Loans Receivable >90 Days and Accruing | [1] | ||||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [1] | 891 | 806 | ||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 239 | 48 | ||||
Current | [2] | 200 | |||||
Financing Receivable, Net, Total | [2] | 239 | 248 | ||||
Loans Receivable >90 Days and Accruing | [2] | ||||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | $ 239 | |||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Past Due | [2] | 48 | |||||
Acquired loans with deteriorated credit [Member] | Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans Receivable >90 Days and Accruing | |||||||
|
Loans Receivable and Allowance for Loan Losses (Loan Portfolio by Pass Rating) (Details) - USD ($) $ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
|||||
---|---|---|---|---|---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | $ 2,279,672 | $ 2,302,602 | |||||
Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 2,253,020 | 2,263,252 | |||||
Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 10,654 | 13,189 | |||||
Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 15,998 | 26,161 | |||||
Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 252,971 | 258,085 | |||||
Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,668,982 | 1,697,837 | |||||
Construction [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 131,697 | 107,783 | |||||
Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 161,649 | 165,193 | ||||
Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 63,645 | 72,895 | ||||
Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 728 | 809 | |||||
Originated loans [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 2,071,108 | 2,052,116 | |||||
Originated loans [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 2,057,108 | 2,028,144 | |||||
Originated loans [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 7,541 | 8,330 | |||||
Originated loans [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 6,459 | 15,642 | |||||
Originated loans [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 213,266 | 213,200 | |||||
Originated loans [Member] | Residential [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 210,463 | 207,991 | |||||
Originated loans [Member] | Residential [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,989 | 2,400 | |||||
Originated loans [Member] | Residential [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 814 | 2,809 | |||||
Originated loans [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,536,792 | 1,540,766 | |||||
Originated loans [Member] | Commercial and Multi-family [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,530,755 | 1,526,591 | |||||
Originated loans [Member] | Commercial and Multi-family [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 2,189 | 3,608 | |||||
Originated loans [Member] | Commercial and Multi-family [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 3,848 | 10,567 | |||||
Originated loans [Member] | Construction [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 131,697 | 106,187 | |||||
Originated loans [Member] | Construction [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 130,352 | 105,886 | |||||
Originated loans [Member] | Construction [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,345 | 301 | |||||
Originated loans [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 140,162 | 136,966 | ||||
Originated loans [Member] | Commercial Business [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 136,702 | 133,054 | ||||
Originated loans [Member] | Commercial Business [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 2,013 | 1,923 | ||||
Originated loans [Member] | Commercial Business [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 1,447 | 1,989 | ||||
Originated loans [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 48,498 | 54,271 | ||||
Originated loans [Member] | Home Equity [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 48,148 | 53,903 | ||||
Originated loans [Member] | Home Equity [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 91 | |||||
Originated loans [Member] | Home Equity [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 350 | 277 | ||||
Originated loans [Member] | Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 693 | 726 | |||||
Originated loans [Member] | Consumer [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 688 | 719 | |||||
Originated loans [Member] | Consumer [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 5 | 7 | |||||
Acquired loans recorded at fair value [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 200,849 | 241,162 | |||||
Acquired loans recorded at fair value [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 194,722 | 233,897 | |||||
Acquired loans recorded at fair value [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 2,327 | 3,747 | |||||
Acquired loans recorded at fair value [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 3,800 | 3,518 | |||||
Acquired loans recorded at fair value [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 38,345 | 43,495 | |||||
Acquired loans recorded at fair value [Member] | Residential [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 37,203 | 41,009 | |||||
Acquired loans recorded at fair value [Member] | Residential [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1 | ||||||
Acquired loans recorded at fair value [Member] | Residential [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,142 | 2,485 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 127,030 | 150,239 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 123,782 | 146,701 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,140 | 2,618 | |||||
Acquired loans recorded at fair value [Member] | Commercial and Multi-family [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 2,108 | 920 | |||||
Acquired loans recorded at fair value [Member] | Construction [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,596 | ||||||
Acquired loans recorded at fair value [Member] | Construction [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,596 | ||||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 20,531 | 27,373 | ||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 18,829 | 26,199 | ||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 1,187 | 1,128 | ||||
Acquired loans recorded at fair value [Member] | Commercial Business [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 515 | 46 | ||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 14,908 | 18,376 | ||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 14,873 | 18,309 | ||||
Acquired loans recorded at fair value [Member] | Home Equity [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 35 | 67 | ||||
Acquired loans recorded at fair value [Member] | Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 35 | 83 | |||||
Acquired loans recorded at fair value [Member] | Consumer [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 35 | 83 | |||||
Acquired loans with deteriorated credit [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 7,715 | 9,324 | |||||
Acquired loans with deteriorated credit [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,190 | 1,211 | |||||
Acquired loans with deteriorated credit [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 786 | 1,112 | |||||
Acquired loans with deteriorated credit [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 5,739 | 7,001 | |||||
Acquired loans with deteriorated credit [Member] | Residential [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 1,360 | 1,390 | |||||
Acquired loans with deteriorated credit [Member] | Residential [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 794 | 812 | |||||
Acquired loans with deteriorated credit [Member] | Residential [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 250 | 562 | |||||
Acquired loans with deteriorated credit [Member] | Residential [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 316 | 16 | |||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 5,160 | 6,832 | |||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 196 | 204 | |||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 495 | 502 | |||||
Acquired loans with deteriorated credit [Member] | Commercial and Multi-family [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | 4,469 | 6,126 | |||||
Acquired loans with deteriorated credit [Member] | Construction [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | |||||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 956 | 854 | ||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | (4) | |||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Special Mention [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 41 | 48 | ||||
Acquired loans with deteriorated credit [Member] | Commercial Business [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [1] | 915 | 810 | ||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 239 | 248 | ||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | Pass [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 200 | 199 | ||||
Acquired loans with deteriorated credit [Member] | Home Equity [Member] | Substandard [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | [2] | 39 | $ 49 | ||||
Acquired loans with deteriorated credit [Member] | Consumer [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Loans receivable, gross | |||||||
|
Stockholders' Equity (Narrative) (Details) - USD ($) |
9 Months Ended | ||||
---|---|---|---|---|---|
Feb. 25, 2019 |
Jan. 30, 2019 |
May 16, 2018 |
Apr. 17, 2018 |
Sep. 30, 2019 |
|
IA Bancorp [Member] | |||||
Stock issued in acquisition | $ 631,896 | ||||
Common Stock [Member] | |||||
Shares issued upon conversion | 82,950 | ||||
Proceeds from issuance of private placement | $ 6,272,000 | ||||
Shares issued | 496,224 | ||||
Common Stock [Member] | Directors And Officers [Member] | |||||
Shares issued | 286,244 | ||||
Series E Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 6.00% | ||||
Conversion of stock, shares converted | 438,889 | ||||
Series E Preferred Stock [Member] | IA Bancorp [Member] | |||||
Stock issued in acquisition | $ 438,889 | ||||
Preferred stock, dividend rate | 6.00% | ||||
Series F Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 6.00% | ||||
Series F Preferred Stock [Member] | IA Bancorp [Member] | |||||
Stock issued in acquisition | $ 6,465 | ||||
Preferred stock, dividend rate | 6.00% | ||||
Series G Preferred Stock [Member] | |||||
Preferred stock, dividend rate | 6.00% | ||||
Proceeds from issuance of private placement | $ 5,330,000 | ||||
Shares issued | 533 |
Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
|
Amortization expense | $ 18,000 | $ 19,000 | $ 54,000 | $ 39,000 |
Intangible assets, net | 317,000 | 391,000 | 317,000 | 391,000 |
Goodwill | $ 5,300,000 | $ 5,200,000 | $ 5,300,000 | $ 5,200,000 |
Core Deposit Intangibles [Member] | ||||
Intangible asset, useful life | 10 years |
Fair Values of Financial Instruments (Narrative) (Details) - USD ($) |
3 Months Ended | ||
---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Transfers between fair value hierarchy | $ 0 | $ 0 | |
Impaired loans | 9,944,000 | $ 9,469,000 | |
Valuation allowance | 2,853,000 | 2,181,000 | |
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impaired loans | 9,900,000 | 9,500,000 | |
Valuation allowance | $ 2,900,000 | $ 2,200,000 |
Fair Values of Financial Instruments (Fair Value Measurements, Recurring) (Details) - USD ($) $ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | $ 98,218 | $ 119,335 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | 98,218 | 119,335 |
Equity Securities Available for Sale | 5,857 | 7,672 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities Available for Sale | 5,857 | 7,672 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | ||
Equity Securities Available for Sale | 5,857 | 7,672 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | 98,218 | 119,335 |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | 98,218 | 119,335 |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | ||
Equity Securities Available for Sale | ||
Mortgage-backed securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | 98,218 | 115,640 |
Mortgage-backed securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | ||
Mortgage-backed securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | 98,218 | 115,640 |
Mortgage-backed securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | ||
Municipal Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | 3,695 | |
Municipal Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | ||
Municipal Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | 3,695 | |
Municipal Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities Available for Sale | ||
Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities Available for Sale | 5,857 | 7,672 |
Preferred Stock [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities Available for Sale | 5,857 | 7,672 |
Preferred Stock [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities Available for Sale |
Fair Values of Financial Instruments (Fair Value Measurements, Nonrecurring) (Details) - USD ($) $ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
|||||
---|---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Other real estate owned | $ 1,333 | ||||||
Significant Unobservable Inputs (Level 3) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired Loans | [1],[2] | $ 7,091 | 7,288 | ||||
Other real estate owned | [1],[2] | 1,333 | |||||
Impaired Loans [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired Loans | 7,091 | 7,288 | |||||
Impaired Loans [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired Loans | |||||||
Impaired Loans [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired Loans | |||||||
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired Loans | $ 7,091 | 7,288 | |||||
Other Real Estate Owned [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Other real estate owned | 1,333 | ||||||
Other Real Estate Owned [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Other real estate owned | |||||||
Other Real Estate Owned [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Other real estate owned | |||||||
Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Other real estate owned | $ 1,333 | ||||||
|
Fair Values of Financial Instruments (Quantitative Information about Level 3 Fair Value Measurements) (Details) $ in Thousands |
Sep. 30, 2019
USD ($)
item
|
Dec. 31, 2018
USD ($)
item
|
|||||
---|---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Other real estate owned | $ | $ 1,333 | ||||||
Significant Unobservable Inputs (Level 3) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired Loans | $ | [1],[2] | $ 7,091 | 7,288 | ||||
Other real estate owned | $ | [1],[2] | $ 1,333 | |||||
Minimum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired loans, measurement input | 0 | 0 | |||||
Other real estate owned, measurement input | 0 | ||||||
Maximum [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Impaired loans, measurement input | 10 | 10 | |||||
Other real estate owned, measurement input | 10 | ||||||
|
Fair Values of Financial Instruments (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities available for sale | $ 98,218 | $ 119,335 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 376,611 | 195,264 |
Interest-earning time deposits | 735 | 735 |
Debt securities available for sale | 98,218 | 119,335 |
Equity investments | 5,857 | 7,672 |
Loans held for sale | 3,195 | 1,153 |
Loans receivable, net | 2,253,699 | 2,278,492 |
FHLB of New York stock, at cost | 15,171 | 13,405 |
Accrued interest receivable | 8,959 | 8,378 |
Other Real Estate Owned | 1,333 | |
Deposits | 2,263,457 | 2,180,724 |
Borrowings | 275,800 | 245,800 |
Subordinated debentures | 36,752 | 36,577 |
Accrued interest payable | 2,231 | 2,561 |
Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 376,611 | 195,264 |
Interest-earning time deposits | 735 | 735 |
Debt securities available for sale | 98,218 | 119,335 |
Equity investments | 5,857 | 7,672 |
Loans held for sale | 3,195 | 1,153 |
Loans receivable, net | 2,264,676 | 2,245,150 |
FHLB of New York stock, at cost | 15,171 | 13,405 |
Accrued interest receivable | 8,959 | 8,378 |
Other Real Estate Owned | 1,333 | |
Deposits | 2,275,038 | 2,189,404 |
Borrowings | 277,344 | 244,049 |
Subordinated debentures | 36,958 | 36,316 |
Accrued interest payable | 2,231 | 2,561 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 376,611 | 195,264 |
Interest-earning time deposits | 735 | 735 |
Equity investments | 5,857 | 7,672 |
Deposits | 1,148,516 | 1,075,539 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities available for sale | 98,218 | 119,335 |
Loans held for sale | 3,195 | 1,153 |
FHLB of New York stock, at cost | 15,171 | 13,405 |
Accrued interest receivable | 8,959 | 8,378 |
Deposits | 1,126,522 | 1,113,865 |
Borrowings | 277,344 | 244,049 |
Subordinated debentures | 36,958 | 36,316 |
Accrued interest payable | 2,231 | 2,561 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans receivable, net | $ 2,264,676 | 2,245,150 |
Other Real Estate Owned | $ 1,333 |
Subordinated Debt (Narrative) (Details) - USD ($) |
9 Months Ended | |
---|---|---|
Sep. 30, 2019 |
Jul. 30, 2018 |
|
Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Subordinated Borrowing [Line Items] | ||
Variable interest rate spread | 2.65% | |
Trust preferred securities | $ 4,124,000 | |
Fixed To Floating Rate Subordinated Debentures [Member] | ||
Subordinated Borrowing [Line Items] | ||
Face amount | $ 33,500,000 | |
Notes term | 10 years | |
Redemption restriction period | 5 years | |
Deferred finance costs | $ 872,000 | |
Fixed To Floating Rate Subordinated Debentures [Member] | First Five Years [Member] | ||
Subordinated Borrowing [Line Items] | ||
Interest rate | 5.625% | |
Fixed To Floating Rate Subordinated Debentures [Member] | After Five Years [Member] | ||
Subordinated Borrowing [Line Items] | ||
Variable interest rate spread | 2.72% |
Lease Obligations (Narrative) (Details) |
9 Months Ended |
---|---|
Sep. 30, 2019
item
| |
Lessee, Lease, Description [Line Items] | |
Number of operating leases | 28 |
Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Term of contracts | 1 year |
Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Term of contracts | 13 years |
Lease Obligations (Schedule of Lease Information) (Details) $ in Thousands |
3 Months Ended | 9 Months Ended |
---|---|---|
Sep. 30, 2019
USD ($)
|
Sep. 30, 2019
USD ($)
|
|
Lease Obligations [Abstract] | ||
Operating lease cost | $ 812 | $ 2,374 |
Variable lease cost-operating leases | 132 | 440 |
Operating lease right-of-use assets | 13,951 | 13,951 |
Current liabilities | 2,631 | 2,631 |
Operating lease liabilities (noncurrent portion) | 11,423 | 11,423 |
Total operating lease liabilities | $ 14,054 | $ 14,054 |
Lease Obligations (Summary of Lease Terms and Discount Rate) (Details) |
Sep. 30, 2019 |
---|---|
Lease Obligations [Abstract] | |
Weighted Average Remaining Lease Term, Operating leases | 6 years 9 months 26 days |
Weighted Average Discount Rate, Operating leases | 3.08% |
Lease Obligations (Summary of Maturity of Operating and Finance Leases) (Details) $ in Thousands |
Sep. 30, 2019
USD ($)
|
---|---|
Lease Obligations [Abstract] | |
One year or less | $ 2,631 |
Over one year through three years | 4,782 |
Over three years through five years | 3,062 |
Over five years | 3,579 |
Total | $ 14,054 |
Subsequent Events (Narrative) (Details) - Subsequent Event [Member] |
Oct. 09, 2019
$ / shares
|
---|---|
Subsequent Event [Line Items] | |
Date declared | Oct. 09, 2019 |
Dividends per common share | $ 0.14 |
Date of record | Nov. 08, 2019 |
Date paid | Nov. 22, 2019 |