Schedule of Carrying Values of Assets | The following tables set forth the carrying values of the Astoria Bank Pension Plan’s assets measured at estimated fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at the dates indicated. | | | | | | | | | | | | | | | | | | Carrying Value at December 31, 2016 | (In Thousands) | Total | | Level 1 | | Level 2 | | Level 3 | PRIAC Pooled Separate Accounts (1) | $ | 155,925 |
| | $ | 155,925 |
| | $ | — |
| | $ | — |
| Astoria Financial Corporation common stock | 17,695 |
| | 17,695 |
| | — |
| | — |
| PRIAC Guaranteed Deposit Account | 9,146 |
| | — |
| | — |
| | 9,146 |
| Cash and cash equivalents | 4 |
| | 4 |
| | — |
| | — |
| Total | $ | 182,770 |
| | $ | 173,624 |
| | $ | — |
| | $ | 9,146 |
|
| | (1) | Consists of 42% large-cap equity securities, 34% debt securities, 10% international equities, 8% small-cap equity securities and 6% mid-cap equity securities. |
| | | | | | | | | | | | | | | | | | Carrying Value at December 31, 2015 | (In Thousands) | Total | | Level 1 | | Level 2 | | Level 3 | PRIAC Pooled Separate Accounts (1) (2) | $ | 155,215 |
| | $ | 155,215 |
| | $ | — |
| | $ | — |
| Astoria Financial Corporation common stock | 14,880 |
| | 14,880 |
| | — |
| | — |
| PRIAC Guaranteed Deposit Account | 10,288 |
| | — |
| | — |
| | 10,288 |
| Cash and cash equivalents | 4 |
| | 4 |
| | — |
| | — |
| Total | $ | 180,387 |
| | $ | 170,099 |
| | $ | — |
| | $ | 10,288 |
|
| | (1) | Consists of 44% large-cap equity securities, 33% debt securities, 11% international equities, 7% small-cap equity securities and 5% mid-cap equity securities. |
| | (2) | Upon the adoption of ASU 2015-10, "Technical Corrections and Improvements", the fair value of the PRIAC Pooled Separate Accounts was changed from Level 2 to Level 1. |
|
Summary of Changes in Estimated Fair Value of Level 3 Assets | The following table sets forth a summary of changes in the estimated fair value of the Astoria Bank Pension Plan’s Level 3 assets for the years indicated. | | | | | | | | | | | | | | For the Year Ended December 31, | (In Thousands) | | 2016 | | | | 2015 | | Fair value at beginning of year | | $ | 10,288 |
| | | | $ | 11,858 |
| | Total net gain (loss), realized and unrealized, included in change in net assets (1) | | 309 |
| | | | (1 | ) | | Purchases | | 9,345 |
| | | | 9,000 |
| | Sales | | (10,796 | ) | | | | (10,569 | ) | | Fair value at end of year | | $ | 9,146 |
| | | | $ | 10,288 |
| |
| | (1) | Includes unrealized gain related to assets held at December 31, 2016 of $207,000 for the year ended December 31, 2016 and unrealized gain related to assets held at December 31, 2015 of $210,000 for the year ended December 31, 2015. |
|