v3.26.3
Loan Portfolio and Allowance for Credit Losses
 9 Months Ended
Sep. 30, 2026
Loan Portfolio and Allowance for Credit Losses [Abstract]  
Loan Portfolio and Allowance for Credit Losses
(5) Loan Portfolio and Allowance for Credit Losses

The following tables present loans by portfolio segment:
   
September 30, 2026
  
(dollars in thousands)
  
New York and
              
   
other states*
    
Florida
    
Total
  
Commercial:
                  
Commercial real estate
  
$
261,270
    
$
51,127
    
$
312,397
  
Other
    
19,009
      
1,000
      
20,009
  
Real estate mortgage - 1 to 4 family:
                        
First mortgages
    
2,906,695
      
1,639,022
      
4,545,717
  
Home equity loans
    
49,174
      
19,462
      
68,636
  
Home equity lines of credit
    
294,032
      
204,056
      
498,088
  
Installment
    
6,856
      
2,583
      
9,439
  
Total loans, net
  
$
3,537,036
    
$
1,917,250
      
5,454,286
  
Less: Allowance for credit losses on loans
                    
55,162
  
Net loans
                  
$
5,399,124
  
                         

*Includes New York, New Jersey, Vermont and Massachusetts.

   
December 31, 2025
  
(dollars in thousands)
  
New York and
              
   
other states*
    
Florida
    
Total
  
Commercial:
                  
   Commercial real estate
  
$
245,799
    
$
49,308
    
$
295,107
  
   Other
    
17,841
      
495
      
18,336
  
Real estate mortgage - 1 to 4 family:
                        
   First mortgages
    
2,794,515
      
1,604,709
      
4,399,224
  
   Home equity loans
    
46,421
      
17,615
      
64,036
  
   Home equity lines of credit
    
265,060
      
199,141
      
464,201
  
Installment
    
8,497
      
3,059
      
11,556
  
Total loans, net
  
$
3,378,133
    
$
1,874,327
      
5,252,460
  
Less: Allowance for credit losses on loans
                    
52,205
  
Net loans
                  
$
5,200,255
  
                         

*Includes New York, New Jersey, Vermont and Massachusetts.

At September 30, 2026 and December 31, 2025, the Company had approximately $45.7 million and $41.9 million of real estate construction loans, respectively.  Of the $45.7 million in real estate construction loans at September 30, 2026, approximately $14.5 million are secured by first mortgages to residential borrowers while approximately $31.2 million are to commercial borrowers for residential construction projects.  Of the $41.9 million in real estate construction loans at December 31, 2025, approximately $11.9 million were secured by first mortgages to residential borrowers while approximately $30.0 million were to commercial borrowers for residential construction projects. At September 30, 2026 and December 31, 2025, the vast majority of construction loans were in the Company’s New York market.
Allowance for credit losses on loans

The level of the ACLL is based on factors that influence management’s current estimate of expected credit losses, including past events and current conditions. There were no changes in the Company’s methodology for the allowance for credit losses on loans for the period ended September 30, 2026. The Company selected the baseline economic forecast for the allowance for credit losses based on current market conditions and portfolio trends. In addition, the Company’s four quarter forecast period and four quarter straight line reversion has not changed for the period ended September 30, 2026.

The Company recorded a provision for credit losses of $850 thousand for the three months ended September 30, 2026, which is the result a provision for credit losses on loans of $1.05 million, and a benefit for credit losses on unfunded commitments of $200 thousand.  The Company recorded a provision for credit losses of $2.5 million for the nine months ended September 30, 2026, which is the result of a provision for credit losses on loans of $2.8 million, and benefit for credit losses on unfunded commitments of $350 thousand.

The Company recorded a provision for credit losses of $250 thousand for the three months ended September 30, 2025, which is the result a provision for credit losses on loans of $450 thousand, and a benefit for credit losses on unfunded commitments of $200 thousand.  The Company recorded a provision for credit losses of $1.2 million for the nine months ended September 30, 2025, which is the result of a provision for credit losses on loans of $1.2 million, and no provision for credit losses on unfunded commitments.

Activity in the allowance for credit losses on loans by portfolio segment for the three months ended September 30, 2026 and 2025 is summarized as follows:

   
For the three months ended September 30, 2026
  
(dollars in thousands)
        
Real Estate
              
         
Mortgage-
              
   
Commercial
    
1 to 4 Family
    
Installment
    
Total
  
Balance at beginning of period
  
$
3,379
    
$
50,555
    
$
148
    
$
54,082
  
Loans charged off:
                                
New York and other states*
    
-
      
-
      
4
      
4
  
Florida
    
-
      
-
      
15
      
15
  
Total loan chargeoffs
    
-
      
-
      
19
      
19
  
                                 
Recoveries of loans previously charged off:
                                
New York and other states*
    
-
      
44
      
5
      
49
  
Florida
    
-
      
-
      
-
      
-
  
Total recoveries
    
-
      
44
      
5
      
49
  
Net loan (recoveries) charged off
    
-
      
(44
)
    
14
      
(30
)
Provision (credit) for credit losses
    
92
      
952
      
6
      
1,050
  
Balance at end of period
  
$
3,471
    
$
51,551
    
$
140
    
$
55,162
  

* Includes New York, New Jersey, Vermont and Massachusetts.

   
For the three months ended September 30, 2025
  
(dollars in thousands)
        
Real Estate
              
         
Mortgage-
              
   
Commercial
    
1 to 4 Family
    
Installment
    
Total
  
Balance at beginning of period
  
$
3,134
     $
47,877
     $
254
     $
51,265
  
Loans charged off:
                                
New York and other states*
    
-
      
-
      
2
      
2
  
Florida
    
-
      
-
      
20
      
20
  
Total loan chargeoffs
    
-
      
-
      
22
      
22
  
                                 
Recoveries of loans previously charged off:
                                
New York and other states*
    
-
      
194
      
4
      
198
  
Florida
    
-
      
-
      
-
      
-
  
Total recoveries
    
-
      
194
      
4
      
198
  
Net loan (recoveries) charged off
    
-
      
(194
)
    
18
      
(176
)
Provision for credit losses
    
(3
)
    
446
      
7
      
450
  
Balance at end of period
  
$
3,131
     $
48,517
     $
243
     $
51,891
  

* Includes New York, New Jersey, Vermont and Massachusetts.

Activity in the allowance for credit losses on loans by portfolio segment for the nine months ended September 30, 2026 and 2025 is summarized as follows:

   
For the nine months ended September 30, 2026
  
(dollars in thousands)
        
Real Estate
              
         
Mortgage-
              
   
Commercial
    
1 to 4 Family
    
Installment
    
Total
  
Balance at beginning of period
  
$
3,081
    
$
48,895
    
$
229
    
$
52,205
  
Loans charged off:
                                
New York and other states*
    
19
      
-
      
24
      
43
  
Florida
    
-
      
-
      
34
      
34
  
Total loan chargeoffs
    
19
      
-
      
58
      
77
  
                                 
Recoveries of loans previously charged off:
                                
New York and other states*
    
-
      
159
      
35
      
194
  
Florida
    
40
      
-
      
-
      
40
  
Total recoveries
    
40
      
159
      
35
      
234
  
Net loans (recoveries) charged off
    
(21
)
    
(159
)
    
23
      
(157
)
Provision (credit) for credit losses
    
369
      
2,497
      
(66
)
    
2,800
  
Balance at end of period
  
$
3,471
    
$
51,551
    
$
140
    
$
55,162
  

* Includes New York, New Jersey, Vermont and Massachusetts.
   
For the nine months ended September 30, 2025
  
(dollars in thousands)
        
Real Estate
              
         
Mortgage-
              
   
Commercial
    
1 to 4 Family
    
Installment
    
Total
  
Balance at beginning of period
  
$
3,420
     $
46,636
     $
192
     $
50,248
  
Loans charged off:
                                
New York and other states*
    
4
      
99
      
49
      
152
  
Florida
    
-
      
-
      
129
      
129
  
Total loan chargeoffs
    
4
      
99
      
178
      
281
  
                                 
Recoveries of loans previously charged off:
                                
New York and other states*
    
7
      
373
      
29
      
409
  
Florida
    
315
      
-
      
-
      
315
  
Total recoveries
    
322
      
373
      
29
      
724
  
Net loan (recoveries) charged off
    
(318
)
    
(274
)
    
149
      
(443
)
(Credit) provision for credit losses
    
(607
)
    
1,607
      
200
      
1,200
  
Balance at end of period
  
$
3,131
     $
48,517
     $
243
     $
51,891
  

* Includes New York, New Jersey, Vermont and Massachusetts.

The following tables present the balance in the allowance for credit losses on loans by portfolio segment and based on impairment evaluation as of September 30, 2026 and December 31, 2025:

   
As of September 30, 2026
  
(dollars in thousands)
        
1-to-4 Family
              
   
Commercial
    
Residential
    
Installment
        
   
Loans
    
Real Estate
    
Loans
    
Total
  
Allowance for credit losses on loans:
                        
Ending allowance balance attributable to loans:
                        
Individually evaluated for impairment
  
$
-
    
$
-
    
$
-
    
$
-
  
Collectively evaluated for impairment
    
3,471
      
51,551
      
140
      
55,162
  
                                 
Total ending allowance balance
  
$
3,471
    
$
51,551
    
$
140
    
$
55,162
  
                                 
                                 
Loans:
                                
Individually evaluated for impairment
  
$
2,095
    
$
23,709
    
$
38
    
$
25,842
  
Collectively evaluated for impairment
    
330,311
      
5,088,732
      
9,401
      
5,428,444
  
                                 
Total ending loans balance
  
$
332,406
    
$
5,112,441
    
$
9,439
    
$
5,454,286
  

   
As of December 31, 2025
  
(dollars in thousands)
        
1-to-4 Family
              
   
Commercial
    
Residential
    
Installment
        
   
Loans
    
Real Estate
    
Loans
    
Total
  
Allowance for credit losses on loans:
                        
Ending allowance balance attributable to loans:
                        
Individually evaluated for impairment
  
$
-
    
$
-
    
$
-
    
$
-
  
Collectively evaluated for impairment
    
3,081
      
48,895
      
229
      
52,205
  
                                 
Total ending allowance balance
  
$
3,081
    
$
48,895
    
$
229
    
$
52,205
  
                                 
                                 
Loans:
                                
Individually evaluated for impairment
  
$
2,083
    
$
23,663
    
$
22
    
$
25,768
  
Collectively evaluated for impairment
    
311,360
      
4,903,798
      
11,534
      
5,226,692
  
                                 
Total ending loans balance
  
$
313,443
    
$
4,927,461
    
$
11,556
    
$
5,252,460
  
The Company’s allowance for credit losses on unfunded commitments is recognized as a liability (accrued expenses and other liabilities) with adjustments to the reserve recognized in provision for credit losses in the consolidated statements of income.

The Company’s activity in the allowance for credit losses on unfunded commitments for the three and nine months ended September 30, 2026 and 2025 was as follows:


(In thousands)
  
For the three
months ended
September 30,
2026
  
   
   
Balance at June 30, 2026
  
$
1,712
  
Benefit for credit losses
    
(200
)
Balance at September 30, 2026
  
$
1,512
  
         

   
For the nine
months ended
  
     
(In thousands)
  
September 30, 2026
  
Balance at January 1, 2026
  
$
1,862
  
Benefit for credit losses
    
(350
)
Balance at September 30, 2026
  
$
1,512
  
         

   
For the three
  
   
months ended
  
(In thousands)
  
September 30,
2025
  
Balance at June 30, 2025
  
$
1,962
  
Benefit for credit losses
    
(200
)
Balance at September 30, 2025
  
$
1,762
  
         

   
For the nine
  
   
months ended
  
(In thousands)
  
September 30,
2025
  
Balance at January 1, 2025
  
$
1,762
  
Provision for credit losses
    
-
  
Balance at September 30, 2025
  
$
1,762
  
         
Loan Credit Quality
The Company categorizes commercial loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. On at least an annual basis, the Company’s loan grading process analyzes non-homogeneous loans, such as commercial loans and commercial real estate loans, individually by grading the loans based on credit risk.  The loan grades assigned to all loan types are tested by the Company’s internal loan review department in accordance with the Company’s internal loan review policy.

The Company uses the following definitions for classified loans:

Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date.

Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as such have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected.

Doubtful: Loans classified as doubtful have all the weaknesses inherent in those loans classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be “pass” rated loans.

For homogeneous loan pools, such as residential mortgages, home equity lines of credit, and installment loans, the Company uses payment status to identify the credit risk in these loan portfolios. Payment status is reviewed on a daily basis by the Bank’s collection area and on a monthly basis with respect to determining the adequacy of the allowance for credit losses on loans. The payment status of these homogeneous pools as of September 30, 2026 and December 31, 2025 is also included in the aging of the past due loans table. Nonperforming loans shown in the table below were loans on nonaccrual status and loans over 90 days past due and accruing.
As of September 30, 2026 and December 31, 2025 and based on the most recent analysis performed, the risk category of loans by class of loans, and gross charge-offs year to date for each loan type by origination year was as follows:

Loan Credit Quality
   As of September 30, 2026
(in thousands)
  
Term Loans Amortized Cost Basis by Origination Year
     
   
2026
    
2025
    
2024
    
2023
    
2022
    
Prior
    
Revolving
Loans
Amortized
Cost Basis
    
Revolving
Loan
Converted
to Term
    
Total
  
Commercial :
                                                      
Risk rating
                                                      
Pass
  
$
42,267
    
$
47,755
    
$
40,231
    
$
44,383
    
$
62,006
    
$
67,928
    
$
4,874
    
$
-
    
$
309,444
  
Special Mention
    
-
      
-
      
-
      
-
      
233
      
46
      
-
      
-
      
279
  
Substandard
    
-
      
-
      
890
      
-
      
1,309
      
475
      
-
      
-
      
2,674
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total Commercial Loans
  
$
42,267
    
$
47,755
    
$
41,121
    
$
44,383
    
$
63,548
    
$
68,449
    
$
4,874
      $ -    
$
312,397
  
 
                                                                        
Commercial Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
19
    
$
-
    
$
-
    
$
-
    
$
19
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
19
    
$
-
    
$
-
    
$
-
    
$
19
  
 
                                                                        
Commercial Other:
                                                                        
Risk rating
                                                                        
Pass
  
$
3,699
    
$
3,666
    
$
856
    
$
5,248
    
$
1,028
    
$
1,595
    
$
3,872
    
$
-
    
$
19,964
  
Special mention
    
-
      
-
      
-
      
45
      
-
      
-
      
-
      
-
      
45
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total Commercial Real Estate Loans
  
$
3,699
    
$
3,666
    
$
856
    
$
5,293
    
$
1,028
    
$
1,595
    
$
3,872
    
$
-
    
$
20,009
  
 
                                                                        
Other Commercial Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
                                                                        
Residential First Mortgage:
                                                                        
Risk rating
                                                                        
Performing
  
$
419,274
    
$
373,610
    
$
280,729
    
$
340,436
    
$
474,360
    
$
2,638,452
    
$
2,634
    
$
-
    
$
4,529,495
  
Nonperforming
    
-
      
-
      
721
      
1,061
      
1,832
      
12,447
      
161
      
-
      
16,222
  
Total First Mortgage:
  
$
419,274
    
$
373,610
    
$
281,450
    
$
341,497
    
$
476,192
    
$
2,650,899
    
$
2,795
    
$
-
    
$
4,545,717
  
 
                                                                        
Residential First Mortgage Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
                                                                        
Home Equity Loans:
                                                                        
Risk rating
                                                                        
Performing
  
$
12,946
    
$
15,323
    
$
4,457
    
$
6,329
    
$
3,874
    
$
25,269
    
$
-
    
$
-
    
$
68,198
  
Nonperforming
    
-
      
15
      
-
      
-
      
66
      
357
      
-
      
-
      
438
  
Total Home Equity Loans:
  
$
12,946
    
$
15,338
    
$
4,457
    
$
6,329
    
$
3,940
    
$
25,626
    
$
-
    
$
-
    
$
68,636
  
 
                                                                        
Home Equity Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
                                                                        
Home Equity Lines of Credit:
                                                                        
Risk rating
                                                                        
Performing
  
$
599
    
$
1,596
    
$
3,095
    
$
766
    
$
1,159
    
$
31,935
    
$
456,577
    
$
-
    
$
495,727
  
Nonperforming
    
-
      
-
      
187
      
130
      
60
      
1,713
      
271
      
-
      
2,361
  
Total Home Equity Credit Lines:
  
$
599
    
$
1,596
    
$
3,282
    
$
896
    
$
1,219
    
$
33,648
    
$
456,848
    
$
-
    
$
498,088
  
 
                                                                        
Home Equity Lines of Credit:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
                                                                        
Installments:
                                                                        
Risk rating
                                                                        
Performing
  
$
1,746
    
$
2,220
    
$
1,275
    
$
1,835
    
$
847
    
$
669
    
$
809
    
$
-
    
$
9,401
  
Nonperforming
    
-
      
-
      
4
      
-
      
33
      
1
      
-
      
-
      
38
  
Total Installments
  
$
1,746
    
$
2,220
    
$
1,279
    
$
1,835
    
$
880
    
$
670
    
$
809
    
$
-
    
$
9,439
  
 
                                                                        
Installments Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
22
    
$
1
    
$
18
    
$
8
    
$
9
    
$
-
    
$
-
    
$
58
  
 
  
$
-
    
$
22
    
$
1
    
$
18
    
$
8
    
$
9
    
$
-
    
$
-
    
$
58
  
Loan Credit Quality
  
(in thousands)
  
As of December 31, 2025
    
   
Term Loans Amortized Cost Basis by Origination Year
  
   
2025
    
2024
    
2023
    
2022
    
2021
    
Prior
    
Revolving Loans
Amortized Cost
Basis
    
Revolving Loan
Converted to
Term
    
Total
  
Commercial :
                                                      
Risk rating
                                                      
Pass
  
$
47,620
    
$
47,818
    
$
49,673
    
$
65,902
    
$
21,050
    
$
55,543
    
$
4,694
    
$
-
    
$
292,300
  
Special Mention
    
-
      
-
      
-
      
237
      
-
      
-
      
-
      
-
      
237
  
Substandard
    
-
      
890
      
-
      
990
      
-
      
690
      
-
      
-
      
2,570
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total Commercial Loans
  
$
47,620
    
$
48,708
    
$
49,673
    
$
67,129
    
$
21,050
    
$
56,233
    
$
4,694
    
$
-
    
$
295,107
  
 
                                                                        
Commercial Loans:
  
$
-
    
$
-
    
$
-
    
$
-
    
$
4
    
$
-
    
$
-
    
$
-
    
$
4
  
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
4
    
$
-
    
$
-
    
$
-
    
$
4
  
 
                                                                        
Commercial Other:
                                                                        
Risk rating
                                                                        
Pass
  
$
4,453
    
$
1,322
    
$
6,346
    
$
1,228
    
$
136
    
$
1,218
    
$
3,538
    
$
-
    
$
18,241
  
Special mention
    
-
      
-
      
-
      
-
      
-
      
-
      
45
      
-
      
45
  
Substandard
    
-
      
10
      
-
      
-
      
1
      
-
      
39
      
-
      
50
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total Commercial Real Estate Loans
  
$
4,453
    
$
1,332
    
$
6,346
    
$
1,228
    
$
137
    
$
1,218
    
$
3,622
    
$
-
    
$
18,336
  
 
                                                                        
Other Commercial Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
                                                                        
Residential First Mortgage:
                                                                        
Risk rating
                                                                        
Performing
  
$
382,926
    
$
307,952
    
$
366,470
    
$
499,812
    
$
757,834
    
$
2,066,631
    
$
1,653
    
$
-
    
$
4,383,278
  
Nonperforming
    
-
      
171
      
1,213
      
1,202
      
1,636
      
11,724
      
-
      
-
      
15,946
  
Total First Mortgage:
  
$
382,926
    
$
308,123
    
$
367,683
    
$
501,014
    
$
759,470
    
$
2,078,355
    
$
1,653
    
$
-
    
$
4,399,224
  
 
                                                                        
Residential First Mortgage Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
99
    
$
-
    
$
-
    
$
99
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
99
    
$
-
    
$
-
    
$
99
  
 
                                                                        
Home Equity Loans:
                                                                        
Risk rating
                                                                        
Performing
  
$
17,600
    
$
5,386
    
$
7,138
    
$
4,384
    
$
5,328
    
$
23,770
    
$
-
    
$
-
    
$
63,606
  
Nonperforming
    
-
      
-
      
-
      
66
      
-
      
364
      
-
      
-
      
430
  
Total Home Equity Loans:
  
$
17,600
    
$
5,386
    
$
7,138
    
$
4,450
    
$
5,328
    
$
24,134
    
$
-
    
$
-
    
$
64,036
  
 
                                                                        
Home Equity Lines Loans:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
                                                                        
Home Equity Credit Lines:
                                                                        
Risk rating
                                                                        
Performing
  
$
1,718
    
$
3,985
    
$
1,471
    
$
1,196
    
$
1,504
    
$
19,145
    
$
432,926
    
$
-
    
$
461,945
  
Nonperforming
    
-
      
-
      
-
      
-
      
-
      
1,879
      
377
      
-
      
2,256
  
Total Home Equity Credit Lines:
  
$
1,718
    
$
3,985
    
$
1,471
    
$
1,196
    
$
1,504
    
$
21,024
    
$
433,303
    
$
-
    
$
464,201
  
 
                                                                        
Home Equity Lines of Credit:
                                                                        
Current-period Gross writeoffs
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
 
                                                                        
Installments:
                                                                        
Risk rating
                                                                        
Performing
  
$
3,089
    
$
1,973
    
$
3,191
    
$
1,542
    
$
257
    
$
561
    
$
892
    
$
-
    
$
11,505
  
Nonperforming
    
-
      
-
      
4
      
46
      
-
      
1
      
-
      
-
      
51
  
Total Installments
  
$
3,089
    
$
1,973
    
$
3,195
    
$
1,588
    
$
257
    
$
562
    
$
892
    
$
-
    
$
11,556
  
 
                                                                        
Installments Loans:
                                                                        
Current-period Gross writeoffs
  
$
9
    
$
102
    
$
17
    
$
20
    
$
27
    
$
42
    
$
-
    
$
-
    
$
217
  
 
  
$
9
    
$
102
    
$
17
    
$
20
    
$
27
    
$
42
    
$
-
    
$
-
    
$
217
  

The following tables present the aging of the amortized cost in past due loans by loan class and by region as of September 30, 2026 and December 31, 2025:

The following table presents the aging of the recorded investment in past due loans by loan class and by region:

 
  
As of September 30, 2026
  
 
                                    
New York and other states*:
    
30-59
      
60-89
      
90
+
  
Total
              
 
  
Days
    
Days
    
Days
    
30+ days
          
Total
  
(dollars in thousands)
  
Past Due
    
Past Due
    
Past Due
    
Past Due
    
Current
    
Loans
  
 
                                          
Commercial:
                                          
Commercial real estate
  
$
342
    
$
-
    
$
2,002
    
$
2,344
    
$
258,926
    
$
261,270
  
Other
    
-
      
88
      
7
      
95
      
18,914
      
19,009
  
Real estate mortgage - 1 to 4 family:
                                                
First mortgages
    
2,526
      
1,816
      
6,715
      
11,057
      
2,895,638
      
2,906,695
  
Home equity loans
    
17
      
35
      
256
      
308
      
48,866
      
49,174
  
Home equity lines of credit
    
951
      
309
      
678
      
1,938
      
292,094
      
294,032
  
Installment
    
4
      
11
      
11
      
26
      
6,830
      
6,856
  
 
                                                
Total
  
$
3,840
    
$
2,259
    
$
9,669
    
$
15,768
    
$
3,521,268
    
$
3,537,036
  

Florida:
    
30-59
      
60-89
      
90
+
  
Total
                  
 
  
Days
    
Days
    
Days
    
30+ days
            
Total
  
(dollars in thousands)
  
Past Due
    
Past Due
    
Past Due
    
Past Due
    
Current
    
Loans
  
 
                                                
Commercial:
                                                
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
51,127
    
$
51,127
  
Other
    
-
      
-
      
-
      
-
      
1,000
      
1,000
  
Real estate mortgage - 1 to 4 family:
                                                
First mortgages
    
3,168
      
276
      
1,623
      
5,067
      
1,633,955
      
1,639,022
  
Home equity loans
    
24
      
-
      
15
      
39
      
19,423
      
19,462
  
Home equity lines of credit
    
408
      
83
      
397
      
888
      
203,168
      
204,056
  
Installment
    
21
      
73
      
4
      
98
      
2,485
      
2,583
  
 
                                                
Total
  
$
3,621
    
$
432
    
$
2,039
    
$
6,092
    
$
1,911,158
    
$
1,917,250
  

Total:
    
30-59
      
60-89
      
90
+
  
Total
                  
 
  
Days
    
Days
    
Days
    
30+ days
            
Total
  
(dollars in thousands)
  
Past Due
    
Past Due
    
Past Due
    
Past Due
    
Current
    
Loans
  
 
                                                
Commercial:
                                                
Commercial real estate
  
$
342
    
$
-
    
$
2,002
    
$
2,344
    
$
310,053
    
$
312,397
  
Other
    
-
      
88
      
7
      
95
      
19,914
      
20,009
  
Real estate mortgage - 1 to 4 family:
                                                
First mortgages
    
5,694
      
2,092
      
8,338
      
16,124
      
4,529,593
      
4,545,717
  
Home equity loans
    
41
      
35
      
271
      
347
      
68,289
      
68,636
  
Home equity lines of credit
    
1,359
      
392
      
1,075
      
2,826
      
495,262
      
498,088
  
Installment
    
25
      
84
      
15
      
124
      
9,315
      
9,439
  
 
                                                
Total
  
$
7,461
    
$
2,691
    
$
11,708
    
$
21,860
    
$
5,432,426
    
$
5,454,286
  

* Includes New York, New Jersey, Vermont and Massachusetts.
   
As of December 31, 2025
  
                                     
New York and other states*:
    
30-59
      
60-89
      
90+

 
Total
              
   
Days
    
Days
    
Days
    
30+ days
          
Total
  
(dollars in thousands)
  
Past Due
    
Past Due
    
Past Due
    
Past Due
    
Current
    
Loans
  
 
                                          
Commercial:
                                          
Commercial real estate
  
$
-
    
$
-
    
$
1,984
    
$
1,984
    
$
243,815
    
$
245,799
  
Other
    
-
      
-
      
7
      
7
      
17,834
      
17,841
  
Real estate mortgage - 1 to 4 family:
                                                
First mortgages
    
3,174
      
1,790
      
6,830
      
11,794
      
2,782,721
      
2,794,515
  
Home equity loans
    
50
      
-
      
266
      
316
      
46,105
      
46,421
  
Home equity lines of credit
    
370
      
176
      
1,158
      
1,704
      
263,356
      
265,060
  
Installment
    
5
      
32
      
7
      
44
      
8,453
      
8,497
  
 
                                                
Total
  
$
3,599
    
$
1,998
    
$
10,252
    
$
15,849
    
$
3,362,284
    
$
3,378,133
  

Florida:
    
30-59
      
60-89
      
90+

 
Total
                  
 
  
Days
    
Days
    
Days
    
30+ days
            
Total
  
(dollars in thousands)
  
Past Due
    
Past Due
    
Past Due
    
Past Due
    
Current
    
Loans
  
 
                                                
Commercial:
                                                
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
49,308
    
$
49,308
  
Other
    
-
      
-
      
-
      
-
      
495
      
495
  
Real estate mortgage - 1 to 4 family:
                                                
First mortgages
    
1,683
      
978
      
2,149
      
4,810
      
1,599,899
      
1,604,709
  
Home equity loans
    
369
      
-
      
-
      
369
      
17,246
      
17,615
  
Home equity lines of credit
    
671
      
116
      
92
      
879
      
198,262
      
199,141
  
Installment
    
46
      
-
      
22
      
68
      
2,991
      
3,059
  
 
                                                
Total
  
$
2,769
    
$
1,094
    
$
2,263
    
$
6,126
    
$
1,868,201
    
$
1,874,327
  

Total:
    
30-59
      
60-89
      
90+

 
Total
                  
 
  
Days
    
Days
    
Days
    
30+ days
            
Total
  
(dollars in thousands)
  
Past Due
    
Past Due
    
Past Due
    
Past Due
    
Current
    
Loans
  
 
                                                
Commercial:
                                                
Commercial real estate
  
$
-
    
$
-
    
$
1,984
    
$
1,984
    
$
293,123
    
$
295,107
  
Other
    
-
      
-
      
7
      
7
      
18,329
      
18,336
  
Real estate mortgage - 1 to 4 family:
                                                
First mortgages
    
4,857
      
2,768
      
8,979
      
16,604
      
4,382,620
      
4,399,224
  
Home equity loans
    
419
      
-
      
266
      
685
      
63,351
      
64,036
  
Home equity lines of credit
    
1,041
      
292
      
1,250
      
2,583
      
461,618
      
464,201
  
Installment
    
51
      
32
      
29
      
112
      
11,444
      
11,556
  
 
                                                
Total
  
$
6,368
    
$
3,092
    
$
12,515
    
$
21,975
    
$
5,230,485
    
$
5,252,460
  

* Includes New York, New Jersey, Vermont and Massachusetts.

At September 30, 2026 and December 31, 2025, there were no loans that were 90 days past due and still accruing interest.  As a result, non-accrual loans include all loans 90 days or more past due, as well as certain loans less than 90 days past due that were placed on non-accrual status for reasons other than delinquent status.  There are no commitments to extend further credit on non-accrual or restructured loans.

The Company transfers loans to other real estate owned, at fair value less cost to sell, in the period the Company obtains physical possession of the property (through foreclosure or through a deed in lieu).  Other real estate owned is included in other assets on the Consolidated Statements of Financial Condition.  As of September 30, 2026 other real estate owned included $1.0 million and $147 thousand of commercial and residential foreclosed properties, respectively.  In addition, non-accrual residential mortgage loans that are in the process of foreclosure had an amortized cost of $7.2 million as of September 30, 2026. As of December 31, 2025 other real estate owned included $1.4 million of residential and commercial foreclosed properties.  In addition, non-accrual residential mortgage loans that were in the process of foreclosure had an amortized cost of $9.1 million as of December 31, 2025.

Loans individually evaluated for impairment are non-accrual residential loans delinquent greater than 180 days, non-accrual commercial loans, as well as loans classified as loan modifications made to borrowers experiencing financial difficulty. As of September 30, 2026 and December 31, 2025, there was no allowance for credit losses based on the loans individually evaluated for impairment.

Residential and installment non-accrual loans which are not loan modifications made to borrowers experiencing financial difficulty or greater than 180 days delinquent are collectively evaluated to determine the allowance for credit loss.
The following tables present the amortized cost basis in non-accrual loans by portfolio segment:

   
As of September 30, 2026
  
(dollars in thousands)
    
New York and
other states*
        
Florida
         Total
    
Loans in non-accrual status:
                  
Commercial:
                  
Commercial real estate
  
$
2,001
    
$
-
     $ 2,001
  
Other
    
7
      
-
       7
  
Real estate mortgage - 1 to 4 family:
                        
First mortgages
    
11,857
      
4,365
       16,222
  
Home equity loans
    
419
       19
       438
  
Home equity lines of credit
    
1,777
       584
       2,361
  
Installment
     19
    19
       38
  
Total nonperforming loans
  
$
16,080
    
$
4,987
     $
 21,067
  

* Includes New York, New Jersey, Vermont and Massachusetts.

   
As of December 31, 2025
  
(dollars in thousands)
    
New York and
other states*
         Florida         Total    
Loans in non-accrual status:                        
Commercial:
                        
Commercial real estate
  
$
1,983
    
$
-
     $
 1,983
  
Other
    
7
      
-
       7
  
Real estate mortgage - 1 to 4 family:
                        
First mortgages
    
12,241
      
3,705
       15,946
  
Home equity loans
     425
       5
       430
  
Home equity lines of credit
     1,917
       338
       2,255
  
Installment
     29
      
22
       51
  
Total nonperforming loans  
$
16,602
    
$
 4,070
     $ 20,672
  

* Includes New York, New Jersey, Vermont and Massachusetts.

The following tables present the amortized cost basis of loans on non-accrual status and loans past due over 89 days still accruing as of September 30, 2026 and December 31, 2025:

   
As of September 30, 2026
  
(dollars in thousands)
    
Non-accrual With
No Allowance for
Credit Loss
        
Non-accrual With
Allowance for
Credit Loss
        
Loans Past Due
Over 89 Days
Still Accruing
    
Commercial:
                  
Commercial real estate
  
$
2,001
    
$
-
      
-
  
Other
    
7
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                        
First mortgages
    
14,789
      
1,433
      
-
  
Home equity loans
    
400
      
38
      
-
  
Home equity lines of credit
    
2,192
      
169
      
-
  
Installment
    
23
      
15
      
-
  
Total
  
$
19,412
    
$
1,655
      
-
  

   
As of December 31, 2025
  
(dollars in thousands)
    
Non-accrual With
No Allowance for
Credit Loss
        
Non-accrual With
Allowance for
Credit Loss
        
Loans Past Due
Over 89 Days
Still Accruing
    
Commercial:
                        
Commercial real estate
  
$
1,983
    
$
-
      
-
  
Other
    
7
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                        
First mortgages
    
14,324
      
1,622
      
-
  
Home equity loans
    
419
      
11
      
-
  
Home equity lines of credit
    
2,010
      
245
      
-
  
Installment
    
22
      
29
      
-
  
Total
  
$
18,765
    
$
1,907
      
-
  

The non-accrual balance of $1.7 million and $1.9 million was collectively evaluated and the associated allowance for credit losses on loans was determined not to be material as of September 30, 2026 and December 31, 2025, respectively.

A financial asset is considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. Expected credit losses for the collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate.
The following tables present the amortized cost basis of individually analyzed collateral dependent loans by portfolio segment as of September 30, 2026 and December 31, 2025:


   
As of September 30, 2026
Type of Collateral
   
(dollars in thousands)
                  

 
Real Estate
    
Investment Securities/Cash
    
Other
  
Commercial:
                  
Commercial real estate
  
$
2,089
    
$
-
    
$
-
  
Other
    
-
      
-
      
6
  
Real estate mortgage - 1 to 4 family:
    
-
      
-
      
-
  
First mortgages
    
20,574
      
-
      
-
  
Home equity loans
    
489
      
-
      
-
  
Home equity lines of credit
    
2,646
      
-
      
-
  
Installment
    
-
      
-
      
38
  
Total
   $
25,798
     $ -     $ 44
 

 
 
   
As of December 31, 2025
Type of Collateral
   
(dollars in thousands)
                        
 
  
Real Estate
    
Investment Securities/Cash
    
Other
  
Commercial:
                        
Commercial real estate
  
$
2,076
    
$
-
    
$
-
  
Other
    
-
      
-
      
7
  
Real estate mortgage - 1 to 4 family:
    
-
      
-
      
-
  
First mortgages
    
20,591
      
-
      
-
  
Home equity loans
    
511
      
-
      
-
  
Home equity lines of credit
    
2,561
      
-
      
-
  
Installment
    
-
      
-
      
22
  
Total
  
$
25,739
    
$
-
    
$
29
  

The Company has not committed to lend additional amounts to customers with outstanding loans that are modified.  Interest income recognized on loans that are individually evaluated was not material during the three or nine months ended September 30, 2026 and 2025.

As of September 30, 2026 and 2025 loans individually evaluated included approximately $6.4 million and $6.9 million, respectively, of loans in accruing status that were identified as loan modifications in accordance with regulatory guidance related to Chapter 7 bankruptcy loans.

Pursuant to the adoption of ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructuring and Vintage Disclosures (“ASU 2022-02”), a borrower that is experiencing financial difficulty and receives a modification in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay or a term extension in the current period needs to be disclosed.
The following table presents the amortized cost basis of loans at September 30, 2026 and 2025 that were both experiencing financial difficulty and modified during the three and nine months ended September 30, 2026 and 2025, by class and by type of modification.  The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:
For the three months ended:
  
 
                        
New York and other states*:
  
September 30, 2026
    
September 30, 2025
  

(dollars in thousands)
   
Payment
Delay
      
% of Total Class
of Loans
      
Payment
Delay
      
% of Total Class
of Loans
   
 
                        
Commercial:
                        
Commercial real estate
  
$
-
      
-
    
$
-
      
-
  
Other
    
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
    
-
      
-
                  
First mortgages
    
-
      
-
      
-
      
-
  
Home equity loans
    
-
      
-
      
-
      
-
  
Home equity lines of credit
    
-
      
-
      
-
      
-
  
Installment
    
-
      
-
      
-
       -
  
 
                                
Total
   $               $
 -
      0.00%
 

Florida:
                                
 
  
Payment
    
% of Total Class
    
Payment
    
% of Total Class
  
(dollars in thousands)
  
Delay
    
of Loans
    
Delay
    
of Loans
  
 
                                
Commercial:
                                
Commercial real estate
  
$
-
      
-
    
$
-
      
-
  
Other
    
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
            
-
                  
First mortgages
    
-
      
-
      
283
      
0.02
%
Home equity loans
    
-
      
-
      
-
      
-
  
Home equity lines of credit
    
-
      
-
      
-
      
-
  
Installment
    
-
      
-
      
-
      
-
  
 
                                
Total
  
$
-
      
-
    
$
283
      
0.02
 %

Total
                                
                                 
 
  
Payment
    
% of Total Class
    
Payment
    
% of Total Class
  
(dollars in thousands)
  
Delay
    
of Loans
    
Delay
    
of Loans
  
 
                                
Commercial:
                                
Commercial real estate
  
$
-
      
-
    
$
-
      
-
  
Other
    
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                                
First mortgages
    
-
      
-
      
283
      
0.01
%
Home equity loans
    
-
      
-
      
-
      
-
  
Home equity lines of credit
    
-
      
-
      
-
      
-
  
Installment
    
-
      
-
      
-
      
-
  
 
                                
Total
  
$
-
      
-
    
$
283
      
0.01
%

* Includes New York, New Jersey, Vermont and Massachusetts.
For the nine months ended:
  
 
                        
New York and other states*:
  
September 30, 2026
    
September 30, 2025
  
 
  
Payment
    
% of Total Class
    
Payment
    
% of Total Class
  
(dollars in thousands)
  
Delay
    
of Loans
    
Delay
    
of Loans
  
 
                        
Commercial:
                        
Commercial real estate
  
$
-
      
-
    
$
-
      
-
  
Other
    
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
    
-
      
-
                  
First mortgages
    
304
      
0.01
%
    
392
      
0.01
%
Home equity loans
    
-
      
-
      
-
      
-
  
Home equity lines of credit
    
-
      
-
      
122
      
0.05
%
Installment
    
-
      
-
      
-
      
-
  
 
                                
Total
  
$
304
      
0.01
%
  
$
514
      
0.02
%

Florida:
                                
 
  
Payment
    
% of Total Class
    
Payment
    
% of Total Class
  
(dollars in thousands)
  
Delay
    
of Loans
    
Delay
    
of Loans
  
 
                                
Commercial:
                                
Commercial real estate
  
$
-
      
-
    
$
-
      
-
  
Other
    
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
            
-
              
-
  
First mortgages
    
268
      
0.02
%
    
283
      
0.02
%
Home equity loans
    
-
      
-
      
-
      
-
  
Home equity lines of credit
    
-
      
-
      
-
      
-
  
Installment
    
-
      
-
      
-
      
-
  
 
                                
Total
  
$
268
      
0.01
%
  
$
283
      
0.02
%

Total
                                
 
  
Payment
    
% of Total Class
    
Payment
    
% of Total Class
  
(dollars in thousands)
  
Delay
    
of Loans
    
Delay
    
of Loans
  
 
                                
Commercial:
                                
Commercial real estate
  
$
-
      
-
    
$
-
      
-
  
Other
    
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                                
First mortgages
    
572
      
0.01
%
    
675
      
0.03
%
Home equity loans
    
-
      
-
      
-
          
Home equity lines of credit
    
-
      
-
      
122
      
0.00
%
Installment
    
-
      
-
      
-
      
-
  
 
                                
Total
  
$
572
      
0.01
%
  
$
797
      
0.02
%

* Includes New York, New Jersey, Vermont and Massachusetts.

The Bank closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables present the performance of such loans that have been modified during the last 12 months as of September 30, 2026 and 2025:

         
As of September 30, 2026
  
                               
New York and other states*:
          
30-59
      
60-89
      
90+

     
         
Days
    
Days
    
Days
        
(dollars in thousands)
  
Current
    
Past Due
    
Past Due
    
Past Due
    
Total
  
                                     
Commercial:
                                    
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
Other
    
-
      
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                                        
First mortgages
    
70
      
-
      
-
      
234
      
304
  
Home equity loans
    
-
      
-
      
-
              
-
  
Home equity lines of credit
    
-
      
-
      
-
      
-
      
-
  
Installment
    
-
      
-
      
-
      
-
      
-
  
 
                                        
Total
  
$
70
    
$
-
    
$
-
    
$
234
    
$
304
  


                                       
Florida:
            
30-59
      
60-89
      
90
+
        
 
          
Days
    
Days
    
Days
          
(dollars in thousands)
  
Current
    
Past Due
    
Past Due
    
Past Due
    
Total
  
 
                                        
Commercial:
                                        
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
Other
    
-
      
-
      
-
              
-
  
Real estate mortgage - 1 to 4 family:
                                        
First mortgages
    
732
      
-
      
-
      
-
      
732
  
Home equity loans
    
-
      
-
      
-
      
-
      
-
  
Home equity lines of credit
    
-
      
-
      
-
      
-
      
-
  
Installment
    
-
      
-
      
-
      
-
      
-
  
 
                                        
Total
  
$
732
    
$
-
    
$
-
    
$
-
    
$
732
  

Total
            
30-59
      
60-89
      
90+

       
 
          
Days
    
Days
    
Days
          
(dollars in thousands)
  
Current
    
Past Due
    
Past Due
    
Past Due
    
Total
  
 
                                        
Commercial:
                                        
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
Other
    
-
      
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                                        
First mortgages
    
802
      
-
      
-
      
234
      
1,036
  
Home equity loans
    
-
      
-
      
-
      
-
      
-
  
Home equity lines of credit
    
-
      
-
      
-
      
-
      
-
  
Installment
    
-
      
-
      
-
      
-
      
-
  
 
                                        
Total
  
$
802
    
$
-
    
$
-
    
$
234
    
$
1,036
  
* Includes New York, New Jersey, Vermont and Massachusetts.
         
As of September 30, 2025
  
                               
New York and other states*:
          
30-59
      
60-89
      
90+

     
         
Days
    
Days
    
Days
        
(dollars in thousands)
  
Current
    
Past Due
    
Past Due
    
Past Due
    
Total
  
                                     
Commercial:
                                    
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
Other
    
-
      
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                                        
First mortgages
    
154
      
-
      
238
      
-
      
392
  
Home equity loans
    
18
      
-
      
-
              
18
  
Home equity lines of credit
    
-
      
122
      
-
      
-
      
122
  
Installment
    
-
      
-
      
-
      
-
      
-
  
 
                                        
Total
  
$
172
    
$
122
    
$
238
    
$
-
    
$
532
  

Florida:
            
30-59
      
60-89
      
90
+
        
 
          
Days
    
Days
    
Days
          
(dollars in thousands)
  
Current
    
Past Due
    
Past Due
    
Past Due
    
Total
  
 
                                        
Commercial:
                                        
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
Other
    
-
      
-
      
-
              
-
  
Real estate mortgage - 1 to 4 family:
                                        
First mortgages
    
283
      
-
      
-
      
-
      
283
  
Home equity loans
    
-
      
-
      
-
      
-
      
-
  
Home equity lines of credit
    
47
      
-
      
-
      
-
      
47
  
Installment
    
-
      
-
      
-
      
-
      
-
  
 
                                        
Total
  
$
330
    
$
-
    
$
-
    
$
-
    
$
330
  

Total
            
30-59
      
60-89
      
90+

       
 
          
Days
    
Days
    
Days
          
(dollars in thousands)
  
Current
    
Past Due
    
Past Due
    
Past Due
    
Total
  
 
                                        
Commercial:
                                        
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
-
  
Other
    
-
      
-
      
-
      
-
      
-
  
Real estate mortgage - 1 to 4 family:
                                        
First mortgages
    
437
      
-
      
238
      
-
      
675
  
Home equity loans
    
18
      
-
      
-
      
-
      
18
  
Home equity lines of credit
    
47
      
122
      
-
      
-
      
169
  
Installment
    
-
      
-
      
-
      
-
      
-
  
 
                                        
Total
  
$
502
    
$
122
    
$
238
    
$
-
    
$
862
  

* Includes New York, New Jersey, Vermont and Massachusetts.
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty:
For the three months ended:
  
             
   
September 30, 2026
    
September 30, 2025
  
   
Weighted
    
Weighted
  
New York and other states*:
  
Average
    
Average
  
   
Payment
    
Payment
  
   
Delay (Months)
    
Delay (Months)
  
             
Commercial:
            
Commercial real estate
    
-
      
-
  
Other
    
-
      
-
  
Real estate mortgage - 1 to 4 family:
                
First mortgages
    
-
      
-
  
Home equity loans
    
-
      
-
  
Home equity lines of credit
    
-
      
-
  
Installment
    
-
      
-
  
                 
Total
    
-
      
-
  

   
Weighted
    
Weighted
  
Florida:
  
Average
    
Average
  
   
Payment
    
Payment
  
   
Delay (Months)
    
Delay (Months)
  
             
Commercial:
            
Commercial real estate
    
-
      
-
  
Other
    
-
      
-
  
Real estate mortgage - 1 to 4 family:
                
First mortgages
    
-
      
9
  
Home equity loans
    
-
      
-
  
Home equity lines of credit
    
-
      
-
  
Installment
    
-
      
-
  
                 
Total
    
-
      
9
  

   
Weighted
    
Weighted
  
Total
  
Average
    
Average
  
   
Payment
    
Payment
  
   
Delay (Months)
    
Delay (Months)
  
             
Commercial:
            
Commercial real estate
    
-
      
-
  
Other
    
-
      
-
  
Real estate mortgage - 1 to 4 family:
                
First mortgages
    
-
      
9
  
Home equity loans
    
-
      
-
  
Home equity lines of credit
    
-
      
-
  
Installment
    
-
      
-
  
                 
Total
    
-
      
9
  

* Includes New York, New Jersey, Vermont and Massachusetts.

For the nine months ended:
  
             
   
September 30, 2026
    
September 30, 2025
  
   
Weighted
    
Weighted
  
New York and other states*:
  
Average
    
Average
  
   
Payment
    
Payment
  
   
Delay (Months)
    
Delay (Months)
  
             
Commercial:
            
Commercial real estate
    
-
      
-
  
Other
    
-
      
-
  
Real estate mortgage - 1 to 4 family:
                
First mortgages
    
24
      
24
  
Home equity loans
    
-
      
-
  
Home equity lines of credit
    
-
      
24
  
Installment
    
-
      
-
  
                 
Total
    
24
      
48
  

   
Weighted
    
Weighted
  
Florida:
  
Average
    
Average
  
   
Payment
    
Payment
  
   
Delay (Months)
    
Delay (Months)
  
             
Commercial:
            
Commercial real estate
    
-
      
-
  
Other
    
-
      
-
  
Real estate mortgage - 1 to 4 family:
                
First mortgages
    
7
      
9
  
Home equity loans
    
-
      
-
  
Home equity lines of credit
    
-
      
-
  
Installment
    
-
      
-
  
                 
Total
    
7
      
9
  

   
Weighted
    
Weighted
  
Total
  
Average
    
Average
  
   
Payment
    
Payment
  
   
Delay (Months)
    
Delay (Months)
  
             
Commercial:
            
Commercial real estate
    
-
      
-
  
Other
    
-
      
-
  
Real estate mortgage - 1 to 4 family:
                
First mortgages
    
31
      
33
  
Home equity loans
    
-
      
-
  
Home equity lines of credit
    
-
      
24
  
Installment
    
-
      
-
  
                 
Total
    
31
      
57
  

* Includes New York, New Jersey, Vermont and Massachusetts.
The addition of these loan modifications did not have a significant impact on the allowance for credit losses on loans. Generally, the nature of the modifications that resulted in them being classified as a loan modification was the borrower filing for bankruptcy protection. There was one loan modification totaling $234 thousand for residential mortgages that defaulted during the three and nine months ended September 30, 2026 which had been classified as a loan modification within the prior twelve months. There was one loan modification totaling $238 thousand for residential mortgages and one home equity line of credit loan modification totaling $122 thousand that defaulted during the three and nine months ended September 30, 2025 which had been classified as a loan modification within the prior twelve months.

In situations where the Bank considers a loan modification, management determines whether the borrower is experiencing financial difficulty by performing an evaluation of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s underwriting policy.

Generally, the modification of the terms of loans is the result of the borrower filing for bankruptcy protection. Chapter 13 bankruptcies generally include the deferral of all past due amounts for a period of generally 60 months in accordance with the bankruptcy court order. In the case of Chapter 7 bankruptcies even though there is no modification of terms, the borrowers’ debt to the Company is discharged and they do not reaffirm the debt.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. In situations involving a borrower filing for Chapter 13 bankruptcy protection, however, a loan is considered to be in payment default once it is 30 days contractually past due, consistent with the treatment by the bankruptcy court.