OceanFirst Financial (OCFC) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	May 04, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-11713
Entity Registrant Name	OceanFirst Financial Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-3412577
Entity Address, Address Line One	110 West Front Street,
Entity Address, City or Town	Red Bank,
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07701
City Area Code	732
Local Phone Number	240-4500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		60,577,925
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001004702
Current Fiscal Year End Date	--12-31
Common stock, $0.01 par value per share
Entity Information [Line Items]
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	OCFC
Security Exchange Name	NASDAQ
Depositary Shares (each representing a 1/40th interest in a share of 7.0% Series A Non-Cumulative, perpetual preferred stock)
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares (each representing a 1/40th interest in a share of 7.0% Series A Non-Cumulative, perpetual preferred stock)
Trading Symbol	OCFCP
Security Exchange Name	NASDAQ

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 256,470	$ 120,544
Debt securities available-for-sale, at estimated fair value	153,738	150,960
Debt securities held-to-maturity, net of allowance for credit losses of $2,529 at March 31, 2020 (estimated fair value of $928,582 at March 31, 2020 and $777,290 at December 31, 2019)	914,255	768,873
Equity investments, at estimated fair value	14,409	10,136
Restricted equity investments, at cost	81,005	62,356
Loans receivable, net of allowance for credit losses of $29,635 at March 31, 2020, $16,852 at December 31, 2019 and $16,705 at March 31, 2019	7,913,541	6,207,680
Loans held-for-sale	17,782	0
Interest and dividends receivable	27,930	21,674
Other real estate owned	484	264
Premises and equipment, net	104,560	102,691
Bank Owned Life Insurance	261,270	237,411
Assets held for sale	3,785	3,785
Other assets	211,476	169,532
Core deposit intangible	28,276	15,607
Goodwill	500,093	374,632
Total assets	10,489,074	8,246,145
Liabilities and Stockholders’ Equity
Deposits	7,892,067	6,328,777
Federal Home Loan Bank advances	825,824	519,260
Securities sold under agreements to repurchase with retail customers	90,175	71,739
Other borrowings	120,213	96,801
Advances by borrowers for taxes and insurance	24,931	13,884
Other liabilities	126,030	62,565
Total liabilities	9,079,240	7,093,026
Stockholders’ equity:
Preferred stock, $.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, no shares issued	0	0
Common stock, $.01 par value, 150,000,000 shares authorized, 60,960,568 shares issued and 60,311,717 and 50,405,048 shares outstanding at March 31, 2020 and December 31, 2019, respectively	609	519
Additional paid-in capital	1,078,438	840,691
Retained earnings	364,273	358,668
Accumulated other comprehensive loss	509	(1,208)
Less: Unallocated common stock held by Employee Stock Ownership Plan	(8,344)	(8,648)
Treasury stock, 648,851 and 1,586,808 shares at March 31, 2020 and December 31, 2019, respectively	(25,651)	(36,903)
Common stock acquired by Deferred Compensation Plan	(94)	(92)
Deferred Compensation Plan Liability	94	92
Total stockholders’ equity	1,409,834	1,153,119
Total liabilities and stockholders’ equity	$ 10,489,074	$ 8,246,145

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Debt securities, held to maturity, allowance for credit losses	$ 2,529	$ 0
Debt securities, held to maturity, fair value	928,582	777,290
Loan receivable, allowance for credit losses	$ 29,635	$ 16,852
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference	$ 1,000	$ 1,000
Preferred stock, shares authorized (shares)	5,000,000	5,000,000
Preferred stock, shares issued (shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	150,000,000	150,000,000
Common stock, shares issued (shares)	60,960,568	60,960,568
Common stock, shares outstanding (shares)	60,311,717	50,405,048
Treasury stock, shares (shares)	648,851	1,586,808

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income
Loans	$ 89,944	$ 69,001
Mortgage-backed securities	3,844	4,041
Debt securities, equity investments and other	4,419	3,380
Total interest income	98,207	76,422
Interest expense
Deposits	13,936	8,639
Borrowed funds	4,626	3,395
Total interest expense	18,562	12,034
Net interest income	79,645	64,388
Credit loss expense	9,969	620
Net interest income after credit loss expense	69,676	63,768
Other income
Bankcard services revenue	2,481	2,285
Net gain on sales of loans	173	8
Net unrealized gain on equity investments	155	108
Net loss from other real estate operations	(150)	(6)
Income from Bank Owned Life Insurance	1,575	1,321
Commercial loan swap income	4,050	472
Other	25	310
Total other income	13,697	9,512
Operating expenses
Compensation and employee benefits	29,885	22,414
Occupancy	5,276	4,530
Equipment	1,943	1,946
Marketing	769	930
Federal deposit insurance and regulatory assessments	667	832
Data processing	4,177	3,654
Check card processing	1,276	1,438
Professional fees	2,302	1,709
Other operating expense	3,802	3,369
Amortization of core deposit intangible	1,578	1,005
Branch consolidation expense	2,594	391
Merger related expenses	8,527	5,053
Total operating expenses	62,796	47,271
Income before provision for income taxes	20,577	26,009
Provision for income taxes	4,044	4,836
Net income	$ 16,533	$ 21,173
Basic earnings per share (in dollars per share)	$ 0.28	$ 0.43
Diluted earnings per share (in dollars per share)	$ 0.27	$ 0.42
Average basic shares outstanding (in shares)	59,876	49,526
Average diluted shares outstanding (in shares)	60,479	50,150
Trust and asset management revenue
Other income
Other income	$ 515	$ 498
Fees and service charges
Other income
Other income	$ 4,873	$ 4,516

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 16,533	$ 21,173
Other comprehensive income
Unrealized gain on debt securities (net of tax expense of $586 and $175 in 2020 and 2019, respectively)	2,149	644
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $84 and $86 in 2020 and 2019, respectively)	115	125
Unrealized loss on cash flow hedge (net of tax benefit of $173 and $0 in 2020 and 2019, respectively)	(547)	0
Total other comprehensive income	1,717	769
Total comprehensive income	$ 18,250	$ 21,942

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Unrealized gain on securities, tax expense (benefit)	$ 586	$ 175
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense	84	86
Cash flow hedge, gain (loss), after reclassification, tax	$ 173	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Employee Stock Ownership Plan	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Common Stock Acquired by Deferred Compensation Plan	Deferred Compensation Plan Liability	Capital Bank of New Jersey	Capital Bank of New JerseyCommon Stock	Capital Bank of New JerseyAdditional Paid-In Capital	Two River Bancorp Inc.	Two River Bancorp Inc.Common Stock	Two River Bancorp Inc.Additional Paid-In Capital	Two River Bancorp Inc.Treasury Stock	Country Bank Holding Company, IncCommon Stock	Country Bank Holding Company, IncAdditional Paid-In Capital
Beginning Balance at Dec. 31, 2018	$ 1,039,358	$ (9,857)	$ 0	$ 483	$ 757,963	$ 305,056	$ (3,450)	$ (10,837)	$ (87)	$ 87
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,173					21,173
Other comprehensive income, net of tax	769						769
Stock awards	912			2	910
Allocation of ESOP stock	400	303			97
Cash dividend per share	(8,644)					(8,644)
Exercise of stock options	519			1	1,127	(609)
Purchase of shares of common stock	(3,805)							(3,805)
Sale (purchase) of stock for the deferred compensation plan	0								(2)	2
Acquisition, value											$ 76,481	$ 32	$ 76,449
Ending Balance at Mar. 31, 2019	1,127,163	(9,554)	0	518	836,546	316,976	(2,681)	(14,642)	(89)	89
Beginning Balance at Dec. 31, 2019	1,153,119	(8,648)	0	519	840,691	358,668	(1,208)	(36,903)	(92)	92
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,533					16,533
Other comprehensive income, net of tax	1,717						1,717
Stock awards	1,108			2	1,106
Allocation of ESOP stock	347	304			43
Cash dividend per share	(10,274)					(10,274)
Exercise of stock options	657			2	1,305	(650)
Purchase of shares of common stock	(14,814)							(14,814)
Sale (purchase) of stock for the deferred compensation plan	0								(2)	2
Acquisition, value											$ 112,836			$ 148,609	$ 42	$ 122,501	$ 26,066	$ 44	$ 112,792
Ending Balance at Mar. 31, 2020	$ 1,409,834	$ (8,344)	$ 0	$ 609	$ 1,078,438	$ 364,273	$ 509	$ (25,651)	$ (94)	$ 94

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Retained Earnings
Cash dividend per share (in dollars per share)	$ 0.17	$ 0.17
Treasury Stock
Purchase of common stock (in shares)	648,851	159,307

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net income	$ 16,533	$ 21,173
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of premises and equipment	2,126	2,257
Allocation of ESOP stock	347	400
Stock awards	1,108	912
Net excess tax benefit on stock compensation	(299)	(230)
Amortization of servicing asset	12	11
Net premium amortization in excess of discount accretion on securities	842	873
Net amortization of deferred costs on borrowings	63	54
Amortization of core deposit intangible	1,578	1,005
Net accretion of purchase accounting adjustments	(5,637)	(4,067)
Net amortization of deferred costs and discounts on loans	40	84
Provision for credit losses	9,969	620
Net loss on sale and write-down of other real estate owned	(2)	(89)
Net gain on sale of fixed assets	0	(5)
Net unrealized gain on equity securities	(155)	(108)
Net gain on sales of loans	(173)	(8)
Proceeds from sales of mortgage loans held for sale	7,673	503
Mortgage loans originated for sale	(25,282)	(495)
Increase in value of Bank Owned Life Insurance	(1,575)	(1,321)
Increase in interest and dividends receivable	(2,095)	(1,020)
Deferred tax provision	245	448
Decrease (increase) in other assets	10,877	(17,012)
Increase in other liabilities	47,501	34,084
Total adjustments	47,163	16,896
Net cash provided by operating activities	63,696	38,069
Cash flows from investing activities
Net (increase) decrease in loans receivable	(160,211)	21,335
Proceeds from sale of under performing loans	9,313	0
Purchase of loans receivable	0	(101,674)
Purchase of debt investment securities available-for-sale	(9,980)	(9,953)
Purchase of debt investment securities held-to-maturity	0	(2,077)
Purchase of equity investments	(36)	(53)
Proceeds from maturities and calls of debt investment securities available-for-sale	10,223	6,250
Proceeds from maturities and calls of debt investment securities held-to-maturity	13,001	6,732
Proceeds from sales of debt investment securities available-for-sale	5,869	0
Principal repayments on debt mortgage-backed securities available-for-sale	0	138
Proceeds from Bank Owned Life Insurance	155	0
Proceeds from the redemption of restricted equity investments	36,581	22,754
Purchases of restricted equity investments	(47,216)	(21,320)
Proceeds from sales of other real estate owned	89	550
Purchases of premises and equipment	(1,798)	(840)
Net cash consideration received for acquisition	23,460	59,395
Net cash (used in) provided by investing activities	(85,149)	8,633
Cash flows from financing activities
(Decrease) increase in deposits	(29,963)	27,089
Decrease in short-term borrowings	(50,297)	(16,586)
Proceeds from Federal Home Loan Bank advances	460,000	0
Repayments of Federal Home Loan Bank advances	(162,700)	(10,495)
Repayments of other borrowings	(27)	(90)
Increase in advances by borrowers for taxes and insurance	4,832	1,072
Exercise of stock options	657	519
Payment of employee taxes withheld from stock awards	(1,972)	(2,546)
Purchase of treasury stock	(14,814)	(3,805)
Dividends paid	(10,274)	(8,644)
Net cash provided by (used in) financing activities	195,442	(13,486)
Net increase in cash and due from banks and restricted cash	173,989	33,216
Supplemental Disclosure of Cash Flow Information
Cash and due from banks and restricted cash at beginning of period	133,226	122,328
Cash and due from banks at beginning of period	120,544	120,792
Restricted cash at beginning of period	12,682	1,536
Cash and due from banks at end of period	256,470	134,235
Restricted cash at end of period	50,745	2,576
Federal funds sold at end of period	0	18,733
Cash and due from banks and restricted cash at end of period	307,215	155,544
Cash paid during the period for
Interest	19,293	12,492
Income taxes	0	16
Accretion of unrealized loss on securities reclassified to held-to-maturity	199	211
Net loan charge-offs	1,154	492
Transfer of loans receivable to other real estate owned	106	674
Non-cash assets acquired
Securities	208,880	103,775
Restricted equity investments	5,334	313
Loans	1,559,497	307,017
Premises and equipment	9,744	3,389
Accrued interest receivable	4,161	1,387
Bank Owned Life Insurance	22,440	10,460
Deferred tax asset	(800)	3,978
Other assets	10,077	1,497
Goodwill and other intangible assets, net	139,275	39,339
Total non-cash assets acquired	1,958,608	471,155
Liabilities assumed
Deposits	1,594,403	449,018
Borrowings	92,618	0
Other liabilities	33,602	5,051
Total liabilities assumed	1,720,623	454,069
Debt Securities
Cash flows from investing activities
Principal repayments on debt	310	77
Mortgage-backed Securities Held-to-Maturity
Cash flows from investing activities
Principal repayments on debt	$ 35,091	$ 27,319

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., and the Bank’s wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., and its wholly-owned subsidiary OceanFirst Management Corp., and its wholly-owned subsidiary OceanFirst Realty Corp., OceanFirst Services, LLC and its wholly-owned subsidiary OFB Reinsurance, Ltd., Hooper Holdings, LLC., TRREO Holdings LLC, Casaba Real Estate Holdings Corporation, Cohensey Bridge, L.L.C., Prosperis Financial, LLC, CBNJ Investments Corp., Country Property Holdings, Inc., Country Financial Services Inc., and TRCB Investment Corp. All significant intercompany accounts and transactions have been eliminated in consolidation. The interim consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three months ended March 31, 2020 are not necessarily indicative of the results of operations that may be expected for all of 2020 . In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition and the results of operations for the period. Actual results could differ from these estimates. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 . Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326).” This ASU significantly changed how entities measure credit losses for financial assets and certain other instruments that are measured at amortized cost. The standard replaced the “incurred loss” approach with an “expected loss” model, which necessitates a forecast of lifetime losses. The new model, referred to as the current expected credit loss (“CECL”) model, applies to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments, and financial guarantees. The CECL model does not apply to available-for-sale (“AFS”) debt securities. The ASU simplifies the accounting model for purchased credit-impaired debt securities and loans. The standard’s provisions are to be applied as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). The Company adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost. Results for reporting periods beginning after January 1, 2020 are presented in accordance with ASU 2016-13, or Accounting Standards Codification (“ASC”) 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net decrease to retained earnings of $4,000 , net of tax, as of January 1, 2020 for the cumulative effect of adopting ASC 326. The transition adjustment included a decrease in the allowance for credit losses on loans of $475,000 , an increase in the allowance for credit losses on held to maturity debt securities of $1.3 million , and a decrease in the allowance for credit losses on off-balance sheet credit exposures of $788,000 . As allowed by ASC 326, the Company elected not to maintain pools of loans accounted for under ASC 310-30. At December 31, 2019 , purchase credit impaired (“PCI”) loans totaled $13.3 million . In accordance with the standard, management did not reassess whether modifications individually acquired financial assets accounted for in pools were troubled debt restructured loans as of the date of adoption. Upon adoption, the Company’s PCI loans were converted to purchase credit deteriorated (“PCD”) loans as defined by ASC 326. The transition adjustment for the PCI loans to PCD loans resulted in a reclassification of $3.2 million from the specific credit fair value adjustment to the allowance for credit losses on loans. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such as changes in unemployments rates, property values, or other relevant factors. At March 31, 2020 , the Company utilized Oxford Economics to provide the macroeconomic forecasts for select variables through the SS&C Technologies, Inc. EVOLV platform. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications. In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment.” This ASU intends to simplify the subsequent measurement of goodwill, eliminating Step 2 from the goodwill impairment test. Instead, an entity should perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge by which the carrying amount exceeds the reporting unit’s fair value; however the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU also eliminates the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. ASU No. 2017-04 is effective for fiscal years beginning after December 15, 2019. The adoption of this update did not have an impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820) - Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU updates the disclosure requirements on Fair Value measurements by 1) removing: the disclosures for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels, and the valuation processes for Level 3 fair value measurements; 2) modifying: disclosures for timing of liquidation of an investee’s assets and disclosures for uncertainty in measurement as of reporting date; and 3) adding: disclosures for changes in unrealized gains and losses included in other comprehensive income for recurring level 3 fair value measurements and disclosures for the range and weighted average of the significant unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, with early adoption permitted to any removed or modified disclosures and delay adoption of additional disclosures until the effective date. With the exception of the following, which should be applied prospectively, disclosures relating to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the disclosures for uncertainty measurement, all other changes should be applied retrospectively to all periods presented upon the effective date. The adoption of this update did not have an impact on the Company’s consolidated financial statements. Refer to Note 7 Fair Value Measurements, for additional information.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Business Combinations	Business Combinations Capital Bank of New Jersey Acquisition On January 31, 2019, the Company completed its acquisition of Capital Bank of New Jersey (“Capital Bank”), which after purchase accounting adjustments added $494.4 million to assets, $307.3 million to loans, and $449.0 million to deposits. Total consideration paid for Capital Bank was $76.8 million , including cash consideration of $353,000 . Capital Bank was merged with and into the Company on the date of acquisition. The acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values, net of tax. The excess of consideration paid over the estimated fair value of the net assets acquired has been recorded as goodwill. The following table summarizes the fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Capital Bank, net of total consideration paid (in thousands): At January 31, 2019 Fair Value Total Purchase Price: $ 76,834 Assets acquired: Cash and cash equivalents $ 59,748 Securities 103,775 Loans 307,300 Accrued interest receivable 1,390 Bank Owned Life Insurance 10,460 Deferred tax asset 4,101 Other assets 4,980 Core deposit intangible 2,662 Total assets acquired 494,416 Liabilities assumed: Deposits (449,018 ) Other liabilities (5,210 ) Total liabilities assumed (454,228 ) Net assets acquired $ 40,188 Goodwill recorded in the merger $ 36,646 The calculation of goodwill is subject to change for up to one year after the date of acquisition as additional information relative to the closing date estimates and uncertainties become available. On January 31, 2020, the Company finalized its review of the acquired assets and liabilities and will not be recording any further adjustments to the carrying value. Two River Bancorp Acquisition On January 1, 2020, the Company completed its acquisition of Two River Bancorp (“Two River”), which after purchase accounting adjustments added $1.113 billion to assets, $940.8 million to loans, and $941.8 million to deposits. Total consideration paid for Two River was $197.1 million , including cash consideration of $48.4 million . Two River was merged with and into the Company on the date of acquisition. The acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values, net of tax. The excess of consideration paid over the estimated fair value of the net assets acquired has been recorded as goodwill. The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Two River, net of total consideration paid (in thousands): At January 1, 2020 Two River Book Value Purchase Estimated Total Purchase Price: $ 197,050 Assets acquired: Cash and cash equivalents $ 51,102 $ — $ 51,102 Securities 62,832 1,549 64,381 Loans 940,885 (49 ) 940,836 Accrued interest receivable 2,382 — 2,382 Bank Owned Life Insurance 22,440 — 22,440 Deferred tax asset 5,201 (1,850 ) 3,351 Other assets 18,662 (2,700 ) 15,962 Core deposit intangible — 12,130 12,130 Total assets acquired 1,103,504 9,080 1,112,584 Liabilities assumed: Deposits (939,132 ) (2,618 ) (941,750 ) Other liabilities (58,935 ) (21 ) (58,956 ) Total liabilities assumed (998,067 ) (2,639 ) (1,000,706 ) Net assets acquired $ 105,437 $ 6,441 $ 111,878 Goodwill recorded in the merger $ 85,172 The calculation of goodwill is subject to change for up to one year after the date of acquisition as additional information relative to the closing date estimates and uncertainties become available. As the Company finalizes its review of the acquired assets and liabilities, certain adjustments to the recorded carrying values may be required. Country Bank Holding Company, Inc. Acquisition On January 1, 2020, the Company completed its acquisition of Country Bank Holding Company, Inc. (“Country Bank”), which after purchase accounting adjustments added $792.9 million to assets, $618.7 million to loans, and $652.7 million to deposits. Total consideration paid for Country Bank was $112.8 million . Country Bank was merged with and into the Company on the date of acquisition. The acquisition was accounted for under the acquisition method of accounting. Under this method of accounting, the purchase price has been allocated to the respective assets acquired and liabilities assumed based upon their estimated fair values, net of tax. The excess of consideration paid over the estimated fair value of the net assets acquired has been recorded as goodwill. The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Country Bank, net of total consideration paid (in thousands): At January 1, 2020 Country Bank Book Value Purchase Estimated Total Purchase Price: $ 112,836 Assets acquired: Cash and cash equivalents $ 20,799 $ — $ 20,799 Securities 144,460 39 144,499 Loans 614,285 4,376 618,661 Accrued interest receivable 1,779 — 1,779 Deferred tax asset (3,254 ) (897 ) (4,151 ) Other assets 10,327 (1,134 ) 9,193 Core deposit intangible — 2,117 2,117 Total assets acquired 788,396 4,501 792,897 Liabilities assumed: Deposits (649,399 ) (3,254 ) (652,653 ) Other liabilities (69,244 ) 1,980 (67,264 ) Total liabilities assumed (718,643 ) (1,274 ) (719,917 ) Net assets acquired $ 69,753 $ 3,227 $ 72,980 Goodwill recorded in the merger $ 39,856 The calculation of goodwill is subject to change for up to one year after the date of acquisition as additional information relative to the closing date estimates and uncertainties become available. As the Company finalizes its review of the acquired assets and liabilities, certain adjustments to the recorded carrying values may be required. Supplemental Pro Forma Financial Information The following table presents financial information regarding the former Two River and Country Bank operations included in the Consolidated Statements of Income from the date of the acquisition (January 1, 2020) through March 31, 2020 . The table also presents financial information regarding the former Capital Bank operations included in the Consolidated Statements of Income from the date of the acquisition (January 31, 2019) through March 31, 2020 . In addition, the table provides unaudited condensed pro forma financial information assuming the Two River, Country Bank, and Capital Bank acquisitions had been completed as of January 1, 2019 for the three months ended March 31, 2019 . The table below has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results. Furthermore, the unaudited pro forma information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings or the impact of conforming certain accounting policies of the acquired company to the Company’s policies that may have occurred as a result of the integration and consolidation of Two River, Country Bank, and Capital Bank’s operations. The pro forma information shown reflects adjustments related to certain purchase accounting fair value adjustments; amortization of core deposit and other intangibles; and related income tax effects. (in thousands) Two River Actual for Country Bank Actual for Three Months Ended March 31, 2020 Capital Bank Actual from February 1, 2019 Pro forma Net interest income $ 10,650 $ 6,507 $ 3,172 $ 84,302 Credit loss expense 210 126 70 1,095 Non-interest income 558 162 199 10,963 Non-interest expense 11,630 5,488 6,439 58,535 Provision (benefit) for income taxes (167 ) 589 (6 ) 6,506 Net income $ (465 ) $ 466 $ (3,132 ) $ 29,129 Fully diluted earnings per share $ 0.47 Fair Value Measurement of Assets Assumed and Liabilities Assumed The methods used to determine the fair value of the assets acquired and liabilities assumed in the Capital Bank, Two River and Country Bank acquisitions were as follows. Refer to Note 7, Fair Value Measurements, for a discussion of the fair value hierarchy. Securities The estimated fair values of the securities were calculated utilizing Level 2 inputs. The securities acquired are bought and sold in active markets. Prices for these instruments were obtained through security industry sources that actively participate in the buying and selling of securities. Loans The acquired loan portfolio was valued utilizing Level 3 inputs and included the use of present value techniques employing cash flow estimates and incorporated assumptions that marketplace participants would use in estimating fair values. In instances where reliable market information was not available, the Company used its own assumptions in an effort to determine reasonable fair value. Specifically, the Company utilized three separate fair value analyses which a market participant would employ in estimating the total fair value adjustment. The three separate fair valuation methodologies used were: 1) interest rate loan fair value analysis; 2) general credit fair value adjustment; and 3) specific credit fair value adjustment. To prepare the interest rate fair value analysis, loans were grouped by characteristics such as loan type, term, collateral and rate. Market rates for similar loans were obtained from various external data sources and reviewed by Company management for reasonableness. The average of these rates was used as the fair value interest rate a market participant would utilize. A present value approach was utilized to calculate the interest rate fair value adjustment. The general credit fair value adjustment was calculated using a two part general credit fair value analysis: 1) expected lifetime losses and 2) estimated fair value adjustment for qualitative factors. The expected lifetime losses were calculated using an average of historical losses of the acquired bank. The adjustment related to qualitative factors was impacted by general economic conditions and the risk related to lack of experience with the originator’s underwriting process. To calculate the specific credit fair value adjustment, subsequent to January 1, 2020, the Company identified loans that have experienced more-than-insignificant deterioration in credit quality since origination. Loans meeting this criteria were reviewed by comparing the contractual cash flows to expected collectible cash flows. The aggregate expected cash flows less the acquisition date fair value resulted in an accretable yield amount which will be recognized over the life of the loans on a level yield basis as an adjustment to yield. Premises and Equipment Fair values are based upon appraisals from independent third parties. In addition to owned properties, Capital Bank, Two River and Country Bank operated one , 14 , and five properties, respectively, subject to a lease agreement. Deposits and Core Deposit Premium Core deposit premium represents the value assigned to non-interest-bearing demand deposits, interest-bearing checking, money market and saving accounts acquired as part of the acquisition. The core deposit premium value represents the future economic benefit, including the present value of future tax benefits, of the potential cost saving from acquiring the core deposits as part of an acquisition compared to the cost of alternative funding sources and is valued utilizing Level 2 inputs. The core deposit premium totaled $2.7 million , $12.1 million , and $2.1 million , for the acquisitions of Capital Bank, Two River, and Country Bank, respectively, and is being amortized over its estimated useful life of approximately 10 years using an accelerated method. Time deposits are not considered to be core deposits as they are assumed to have a low expected average life upon acquisition. The fair value of time deposits represents the present value of the expected contractual payments discounted by market rates for similar time deposits and is valued utilizing Level 2 inputs. Borrowings Fair value estimates are based on discounting contractual cash flows using rates which approximate the rates offered for borrowings of similar remaining maturities.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The following reconciles shares outstanding for basic and diluted earnings per share for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended 2020 2019 Weighted average shares outstanding 60,362 50,099 Less: Unallocated ESOP shares (460 ) (517 ) Unallocated incentive award shares and shares held by deferred compensation plan (26 ) (56 ) Average basic shares outstanding 59,876 49,526 Add: Effect of dilutive securities: Incentive awards and shares held by deferred compensation plan 603 624 Average diluted shares outstanding 60,479 50,150 For the three months ended March 31, 2020 and 2019 , antidilutive stock options of 1,033,000 and 1,083,000 , respectively, were excluded from earnings per share calculations.

Securities

Securities	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The amortized cost, estimated fair value, and allowance for credit losses of debt securities available-for-sale and held-to-maturity at March 31, 2020 , and December 31, 2019 , are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value At March 31, 2020 Debt securities available-for-sale: Investment securities: U.S. government and agency obligations $ 149,261 $ 4,051 $ (4 ) $ 153,308 State and municipal obligations 25 — — 25 Total investment securities 149,286 4,051 (4 ) 153,333 Mortgage-backed securities - FNMA 397 8 — 405 Total debt securities available-for-sale $ 149,683 $ 4,059 $ (4 ) $ 153,738 Amortized Gross Gross Estimated Allowance for Credit Losses At March 31, 2020 Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations $ 6,238 $ 54 $ — $ 6,292 $ — State and municipal obligations 232,167 3,014 (425 ) 234,756 (35 ) Corporate debt securities 82,277 510 (8,568 ) 74,219 (1,651 ) Total investment securities 320,682 3,578 (8,993 ) 315,267 (1,686 ) Mortgage-backed securities: FHLMC 198,263 5,835 (30 ) 204,068 — FNMA 240,839 7,604 (165 ) 248,278 — GNMA 104,891 2,027 (416 ) 106,502 — SBA 6,108 9 (46 ) 6,071 — CMO 49,904 — (1,508 ) 48,396 (843 ) Total mortgage-backed securities 600,005 15,475 (2,165 ) 613,315 (843 ) Total debt securities held-to-maturity $ 920,687 $ 19,053 $ (11,158 ) $ 928,582 $ (2,529 ) Total debt securities $ 1,070,370 $ 23,112 $ (11,162 ) $ 1,082,320 $ (2,529 ) There was no allowance for credit losses on debt securities available-for-sale at March 31, 2020 . Amortized Gross Gross Estimated At December 31, 2019 Debt securities available-for-sale: Investment securities: U.S. government and agency obligations $ 149,120 $ 1,408 $ (93 ) $ 150,435 State and municipal obligations 25 — — 25 Total investment securities 149,145 1,408 (93 ) 150,460 Mortgage-backed securities - FNMA 495 5 — 500 Total debt securities available-for-sale $ 149,640 $ 1,413 $ (93 ) $ 150,960 Amortized Gross Gross Estimated December 31, 2019 Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations $ 4,984 $ 14 $ — $ 4,998 State and municipal obligations 124,430 1,537 (208 ) 125,759 Corporate debt securities 79,547 833 (2,421 ) 77,959 Total investment securities 208,961 2,384 (2,629 ) 208,716 Mortgage-backed securities: FHLMC 206,985 2,221 (524 ) 208,682 FNMA 244,428 2,680 (493 ) 246,615 GNMA 110,661 939 (212 ) 111,388 SBA 1,940 — (51 ) 1,889 Total mortgage-backed securities 564,014 5,840 (1,280 ) 568,574 Total debt securities held-to-maturity $ 772,975 $ 8,224 $ (3,909 ) $ 777,290 Total debt securities $ 922,615 $ 9,637 $ (4,002 ) $ 928,250 The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity by major security type for the three months ended March 31, 2020 (in thousands): Investment securities Mortgage-backed securities Allowance for credit losses Beginning balance $ — $ — Impact of CECL adoption (1,268 ) — Provision for credit loss expense (418 ) (843 ) Total ending allowance balance $ (1,686 ) $ (843 ) During the third quarter 2013, the Bank transferred $536.0 million of previously designated available-for-sale securities to a held-to-maturity designation at estimated fair value. The securities transferred had an unrealized net loss of $13.3 million at the time of transfer which continues to be reflected in accumulated other comprehensive loss on the consolidated balance sheet, net of subsequent amortization, which is being recognized over the life of the securities. The carrying value of the debt securities held-to-maturity at March 31, 2020 , and December 31, 2019 , is as follows (in thousands): March 31, 2020 December 31, 2019 Amortized cost $ 920,687 $ 772,975 Net loss on date of transfer from available-for-sale (13,347 ) (13,347 ) Allowance for credit loss (2,529 ) — Accretion of net unrealized loss on securities reclassified as held-to-maturity 9,444 9,245 Carrying value $ 914,255 $ 768,873 There were no realized gains or losses for the three months ended March 31, 2020 and March 31, 2019 , respectively. The amortized cost and estimated fair value of investment securities at March 31, 2020 by contractual maturity are shown below (in thousands). Actual maturities may differ from contractual maturities in instances where issuers have the right to call or prepay obligations with or without call or prepayment penalties. At March 31, 2020 , corporate debt securities with an amortized cost of $57.0 million and estimated fair value of $49.0 million were callable prior to the maturity date. March 31, 2020 Amortized Cost Estimated Fair Value Less than one year $ 82,453 $ 82,780 Due after one year through five years 199,795 204,837 Due after five years through ten years 77,653 70,576 Due after ten years 110,067 110,407 $ 469,968 $ 468,600 Mortgage-backed securities are excluded from the above table since their effective lives are expected to be shorter than the contractual maturity date due to principal prepayments. The estimated fair value of securities pledged as required security for deposits and for other purposes amounted to $455.6 million and $475.6 million , at March 31, 2020 and December 31, 2019 , respectively, including $92.6 million and $81.4 million at March 31, 2020 and December 31, 2019 , respectively, pledged as collateral for securities sold under agreements to repurchase. At March 31, 2020 , there were no holdings of securities of any one issuer, other than the US government and its agencies, in an amount greater than 10% of shareholders’ equity. The estimated fair value and unrealized losses of debt securities available-for-sale and held-to-maturity at March 31, 2020 and December 31, 2019 , segregated by the duration of the unrealized losses, are as follows (in thousands): At March 31, 2020 Less than 12 months 12 months or longer Total Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Debt securities available-for-sale: Investment securities - U.S. government and agency obligations $ 4,900 $ (4 ) $ — $ — $ 4,900 $ (4 ) Total debt securities available-for-sale 4,900 (4 ) — — 4,900 (4 ) Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations — — — — — — State and municipal obligations 38,712 (247 ) 8,532 (178 ) 47,244 (425 ) Corporate debt securities 20,259 (1,528 ) 31,292 (7,040 ) 51,551 (8,568 ) Total investment securities 58,971 (1,775 ) 39,824 (7,218 ) 98,795 (8,993 ) Mortgage-backed securities: FHLMC 1,653 (22 ) 1,772 (8 ) 3,425 (30 ) FNMA 20,857 (154 ) 444 (11 ) 21,301 (165 ) GNMA 15,906 (266 ) 7,222 (150 ) 23,128 (416 ) SBA — — 1,763 (46 ) 1,763 (46 ) CMO 48,396 (1,508 ) — — 48,396 (1,508 ) Total mortgage-backed securities 86,812 (1,950 ) 11,201 (215 ) 98,013 (2,165 ) Total debt securities held-to-maturity 145,783 (3,725 ) 51,025 (7,433 ) 196,808 (11,158 ) Total debt securities $ 150,683 $ (3,729 ) $ 51,025 $ (7,433 ) $ 201,708 $ (11,162 ) At December 31, 2019 Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Debt securities available-for-sale: Investment securities - U.S. government and agency obligations $ 25,021 $ (54 ) $ 22,451 $ (39 ) $ 47,472 $ (93 ) Total debt securities available-for-sale 25,021 (54 ) 22,451 (39 ) 47,472 (93 ) Debt securities held-to-maturity: Investment securities: State and municipal obligations 7,308 (58 ) 14,531 (150 ) 21,839 (208 ) Corporate debt securities 9,727 (213 ) 37,628 (2,208 ) 47,355 (2,421 ) Total investment securities 17,035 (271 ) 52,159 (2,358 ) 69,194 (2,629 ) Mortgage-backed securities: FHLMC 6,329 (29 ) 38,641 (495 ) 44,970 (524 ) FNMA 13,682 (59 ) 38,568 (434 ) 52,250 (493 ) GNMA 30,268 (93 ) 19,828 (119 ) 50,096 (212 ) SBA — — 1,889 (51 ) 1,889 (51 ) Total mortgage-backed securities 50,279 (181 ) 98,926 (1,099 ) 149,205 (1,280 ) Total debt securities held-to-maturity 67,314 (452 ) 151,085 (3,457 ) 218,399 (3,909 ) Total debt securities $ 92,335 $ (506 ) $ 173,536 $ (3,496 ) $ 265,871 $ (4,002 ) At March 31, 2020 , the amortized cost, estimated fair value and credit rating of the individual corporate debt securities in an unrealized loss position for greater than one year are as follows (in thousands): Security Description Amortized Cost Estimated Fair Value Credit Rating Moody’s/ S&P Chase Capital $ 10,000 $ 8,300 Baa1/BBB- Wells Fargo Capital 5,000 4,200 A1/BBB Huntington Capital 5,000 3,850 Baa2/BB+ Keycorp Capital 5,000 4,100 Baa2/BB+ PNC Capital 5,000 4,010 Baa1/BBB- State Street Capital 3,332 2,732 A3/BBB SunTrust Capital 5,000 4,100 Not Rated/BBB- $ 38,332 $ 31,292 At March 31, 2020 , the estimated fair value of each of the above corporate debt securities was below cost. The Company concluded that these corporate debt securities were only temporarily impaired at March 31, 2020 . In concluding that the impairments were only temporary, the Company considered several factors in its analysis. The Company noted that each issuer made all the contractually due payments when required. There were no defaults on principal or interest payments and no interest payments were deferred. Based on management’s analysis of each individual security, the issuers appear to have the ability to meet debt service requirements over the life of the security. Furthermore, the Company does not intend to sell these corporate debt securities and it is more likely than not that the Company will not be required to sell the securities. Historically, the Company has not utilized securities sales as a source of liquidity. The Company’s long range liquidity plans indicate adequate sources of liquidity outside the securities portfolio. The mortgage-backed securities are issued and guaranteed by either the Federal Home Loan Mortgage Corporation (“FHLMC”), the Federal National Mortgage Association (“FNMA”), the Government National Mortgage Association (“GNMA”), or the Small Business Administration (“SBA”), corporations which are chartered by the United States Government and whose debt obligations are typically rated AA+ by one of the internationally-recognized credit rating services. The Company considers the unrealized losses to be the result of changes in interest rates, and not credit quality, which over time can have both a positive and negative impact on the estimated fair value of the mortgage-backed securities. The Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell the securities before recovery of their amortized cost. As a result, the Company concluded that these securities were only temporarily impaired at March 31, 2020 . The Company monitors the credit quality of debt securities held-to-maturity on a quarterly basis through the use of credit ratings. The following table summarized the amortized cost of debt securities held-to-maturity at March 31, 2020 , aggregated by credit quality indicator (in thousands): AAA AA A BBB BB Total As of March 31, 2020 Investment securities: U.S. government and agency obligations $ — $ 6,238 $ — $ — $ — $ 6,238 State and municipal obligations 41,863 135,634 49,366 5,304 — 232,167 Corporate debt securities — 1,493 17,450 52,803 10,531 82,277 Total investment securities 41,863 143,365 66,816 58,107 10,531 320,682 Mortgage-backed securities: CMO 16,924 32,980 — — — 49,904 Total mortgage-backed securities 16,924 32,980 — — — 49,904 Total debt securities held-to-maturity $ 58,787 $ 176,345 $ 66,816 $ 58,107 $ 10,531 $ 370,586 A debt security is considered to be past due once it is 30 days past due under the terms of the agreement. At March 31, 2020 , there were no debt securities that were past due, on nonaccrual, or past due over 89 days and still accruing.

Loans Receivable, Net

Loans Receivable, Net	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans Receivable, Net	Loans Receivable, Net Loans receivable, net at March 31, 2020 and December 31, 2019 consisted of the following (in thousands): March 31, 2020 December 31, 2019 Commercial: Commercial and industrial $ 502,760 $ 396,434 Commercial real estate – owner occupied 1,220,983 792,653 Commercial real estate – investor 3,331,662 2,296,410 Total commercial 5,055,405 3,485,497 Consumer: Residential real estate 2,458,641 2,321,157 Home equity loans and lines 335,624 318,576 Other consumer 82,920 89,422 Total consumer 2,877,185 2,729,155 Total loans 7,932,590 6,214,652 Deferred origination costs, net 10,586 9,880 Allowance for credit losses (29,635 ) (16,852 ) Total loans, net $ 7,913,541 $ 6,207,680 The Company categorizes all 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 and current economic trends, among other factors. The Company uses the following definitions for risk ratings: Pass : Loans classified as Pass are well protected by the paying capacity and net worth of the borrower. 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 Bank’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 borrower or of the collateral pledged, if any. Loans so classified 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 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. The following table summarizes total loans by year of origination and internally assigned credit grades and risk characteristics (in thousands): 2020 2019 2018 2017 2016 2015 and prior Revolving lines of credit Total March 31, 2020 Commercial and industrial Pass $ 7,718 $ 61,109 $ 60,217 $ 47,452 $ 47,051 $ 111,383 $ 147,529 $ 482,459 Special Mention — — 112 832 712 54 800 2,510 Substandard 400 — 3,912 1,497 72 7,877 4,033 17,791 Total commercial and industrial 8,118 61,109 64,241 49,781 47,835 119,314 152,362 502,760 Commercial real estate - owner occupied Pass 59,276 154,245 138,376 143,086 136,276 531,105 22,560 1,184,924 Special Mention — 191 — 1,399 1,396 1,439 306 4,731 Substandard — 2,138 410 2,431 2,391 23,958 — 31,328 Total commercial real estate - owner occupied 59,276 156,574 138,786 146,916 140,063 556,502 22,866 1,220,983 Commercial real estate - investor Pass 200,651 662,802 410,180 511,079 345,525 983,984 144,341 3,258,562 Special Mention — 29 — 3,031 5,950 19,709 8,768 37,487 Substandard — 178 664 — 5,069 25,691 4,011 35,613 Total commercial real estate - investor 200,651 663,009 410,844 514,110 356,544 1,029,384 157,120 3,331,662 Residential real estate Pass 138,889 588,723 347,761 220,624 182,541 976,664 — 2,455,202 Special Mention — — — 221 144 3,074 — 3,439 Substandard — — — — — — — — Total residential real estate 138,889 588,723 347,761 220,845 182,685 979,738 — 2,458,641 Consumer Pass 6,665 37,024 119,311 34,358 21,322 194,187 2,514 415,381 Special Mention — — — — — 530 — 530 Substandard — — 35 — — 2,598 — 2,633 Total consumer 6,665 37,024 119,346 34,358 21,322 197,315 2,514 418,544 Total loans $ 413,599 $ 1,506,439 $ 1,080,978 $ 966,010 $ 748,449 $ 2,882,253 $ 334,862 $ 7,932,590 An analysis of the allowance for credit losses on loans for the three months ended March 31, 2020 and 2019 is as follows (in thousands): Commercial Commercial Commercial Residential Consumer Unallocated Total For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 1,458 $ 2,893 $ 9,883 $ 2,002 $ 591 $ 25 $ 16,852 Impact of CECL adoption 2,416 (1,109 ) (5,395 ) 3,833 2,981 (25 ) 2,701 Credit loss expense 1,529 1,286 2,377 3,585 (180 ) — 8,597 Initial allowance for credit losses on PCD loans 1,221 26 260 109 1,023 2,639 Charge-offs — — — (1,275 ) (109 ) — (1,384 ) Recoveries 25 — 34 163 8 — 230 Balance at end of period $ 6,649 $ 3,096 $ 7,159 $ 8,417 $ 4,314 $ — $ 29,635 For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 1,609 $ 2,277 $ 8,770 $ 2,413 $ 486 $ 1,022 $ 16,577 Credit loss (benefit) expense (19 ) 1,550 (802 ) (23 ) (110 ) 24 620 Charge-offs — (389 ) (21 ) (427 ) (31 ) — (868 ) Recoveries 57 — 295 2 22 — 376 Balance at end of period $ 1,647 $ 3,438 $ 8,242 $ 1,965 $ 367 $ 1,046 $ 16,705 A loan is considered collateral dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. At March 31, 2020 , the Company had collateral dependent loans with an amortized cost balance as follows: commercial and industrial of $782,000 , commercial real estate - owner occupied of $4.2 million , and commercial real estate - investor of $7.6 million . In addition, the Company had residential and consumer loans collateralized by residential real estate, which are in the process of foreclosure, with an amortized cost balance of $3.3 million at March 31, 2020 . The amount of foreclosed residential real estate property held by the Company was $334,000 at March 31, 2020 . In accordance with ASC 310, prior to the adoption of ASU 2016-13, the following table presents the balance in the allowance for credit losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2019 , excluding PCD loans (in thousands): Commercial and Industrial Commercial Real Estate – Owner Occupied Commercial Real Estate – Investor Residential Real Estate Consumer Unallocated Total December 31, 2019 Allowance for credit losses: Ending allowance balance attributed to loans: Individually evaluated for impairment $ — $ 474 $ — $ — $ 2 $ — $ 476 Collectively evaluated for impairment 1,458 2,419 9,883 2,002 589 25 16,376 Total ending allowance balance $ 1,458 $ 2,893 $ 9,883 $ 2,002 $ 591 $ 25 $ 16,852 Loans: Loans individually evaluated for impairment $ 243 $ 6,163 $ 5,584 $ 11,009 $ 3,511 $ — $ 26,510 Loans collectively evaluated for impairment 395,848 785,778 2,279,114 2,309,812 404,325 — 6,174,877 Total ending loan balance $ 396,091 $ 791,941 $ 2,284,698 $ 2,320,821 $ 407,836 $ — $ 6,201,387 As of December 31, 2019, the Company defined an impaired loan as non-accrual commercial real estate, multi-family, land, construction and commercial loans in excess of $250,000 . Impaired loans also include all loans modified as troubled debt restructurings. At December 31, 2019 , the impaired loan portfolio totaled $26.5 million for which there was $476,000 specific allocation in the allowance for credit losses. The average balance of impaired loans for the three months ended March 31, 2019 were $32.1 million . In accordance with ASC 310, prior to the adoption of ASU 2016-13, the summary of loans individually evaluated for impairment by loan portfolio segment as of December 31, 2019 and for the three months ended March 31, 2019 , is as follows, excluding PCI loans (in thousands): Unpaid Principal Balance Recorded Investment Allowance for Credit Losses Allocated As of December 31, 2019 With no related allowance recorded: Commercial and industrial $ 265 $ 243 $ — Commercial real estate – owner occupied 4,062 3,968 — Commercial real estate – investor 6,665 5,584 — Residential real estate 11,009 11,009 — Consumer 3,734 3,509 — $ 25,735 $ 24,313 $ — With an allowance recorded: Commercial and industrial $ — $ — $ — Commercial real estate – owner occupied 2,376 2,195 474 Commercial real estate – investor — — — Residential real estate — — — Consumer 2 2 2 $ 2,378 $ 2,197 $ 476 Three Months Ended March 31, 2019 Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial and industrial $ 938 $ 3 Commercial real estate – owner occupied 4,153 42 Commercial real estate – investor 11,667 136 Residential real estate 10,046 131 Consumer 3,071 46 $ 29,875 $ 358 With an allowance recorded: Commercial and industrial $ — $ — Commercial real estate – owner occupied 2,250 36 Commercial real estate – investor — — Residential real estate — — Consumer — — $ 2,250 $ 36 The following table presents the recorded investment in non-accrual loans by loan portfolio segment as of March 31, 2020 and December 31, 2019 (in thousands). The March 31, 2020 balances include PCD loans while the December 31, 2019 balances exclude PCI loans (in accordance with ASC 310, prior to the adoption of ASU 2016-13 on January 1, 2020). March 31, 2020 December 31, 2019 Commercial and industrial $ 782 $ 207 Commercial real estate – owner occupied 4,219 4,811 Commercial real estate – investor 9,123 2,917 Residential real estate 6,690 7,181 Consumer 3,075 2,733 $ 23,889 $ 17,849 At March 31, 2020 , there were no commitments to lend additional funds to borrowers whose loans are in non-accrual status. At March 31, 2020 and December 31, 2019 , loans in the amount of $23.9 million and $17.8 million , respectively, were three or more months delinquent or in the process of foreclosure. At March 31, 2020 , the non-accrual loans were included in the allowance for credit loss calculation and the Company did not recognize or accrue interest income on these loans. At March 31, 2020 and December 31, 2019 , there were no loans that were ninety days or greater past due and still accruing interest. The following table presents the aging of the recorded investment in past due loans as of March 31, 2020 and December 31, 2019 by loan portfolio segment (in thousands). The March 31, 2020 balances include PCD loans while the December 31, 2019 balances exclude PCI loans (in accordance with ASC 310, prior to the adoption of ASU 2016-13 on January 1, 2020). 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total March 31, 2020 Commercial and industrial $ 3,052 $ 575 $ 207 $ 3,834 $ 498,926 $ 502,760 Commercial real estate – owner occupied 8,883 1,307 392 10,582 1,210,401 1,220,983 Commercial real estate – investor 19,152 2,595 7,466 29,213 3,302,449 3,331,662 Residential real estate 18,363 206 3,234 21,803 2,436,838 2,458,641 Consumer 1,825 530 2,633 4,988 413,556 418,544 $ 51,275 $ 5,213 $ 13,932 $ 70,420 $ 7,862,170 $ 7,932,590 December 31, 2019 Commercial and industrial $ 100 $ — $ 207 $ 307 $ 395,784 $ 396,091 Commercial real estate – owner occupied 1,541 1,203 1,040 3,784 788,157 791,941 Commercial real estate – investor 381 938 2,792 4,111 2,280,587 2,284,698 Residential real estate 8,161 3,487 2,859 14,507 2,306,314 2,320,821 Consumer 1,048 491 2,388 3,927 403,909 407,836 $ 11,231 $ 6,119 $ 9,286 $ 26,636 $ 6,174,751 $ 6,201,387 The Company classifies certain loans as troubled debt restructurings when credit terms to a borrower in financial difficulty are modified. The modifications may include a reduction in rate, an extension in term, the capitalization of past due amounts and/or the restructuring of scheduled principal payments. One-to-four family and consumer loans where the borrower’s debt is discharged in a bankruptcy filing are also considered troubled debt restructurings. For these loans, the Bank retains its security interest in the real estate collateral. At March 31, 2020 and December 31, 2019 , troubled debt restructured (“TDR”) loans totaled $22.4 million and $24.6 million , respectively. Included in the non-accrual loan total at March 31, 2020 , and December 31, 2019 , were $6.2 million and $6.6 million , respectively, of troubled debt restructurings. At March 31, 2020 , and December 31, 2019 , the Company had $424,000 and $476,000 , respectively, of specific reserves allocated to loans that are classified as troubled debt restructurings. Non-accrual loans which become troubled debt restructurings are generally returned to accrual status after six months of performance. In addition to the troubled debt restructurings included in non-accrual loans, the Company also has loans classified as accruing troubled debt restructurings at March 31, 2020 and December 31, 2019 , which totaled $16.1 million and $18.0 million , respectively. The following table presents information about troubled debt restructurings which occurred during the three months ended March 31, 2020 and 2019 , and troubled debt restructurings modified within the previous year and which defaulted during the three months ended March 31, 2020 and 2019 (dollars in thousands): Number of Loans Pre-modification Recorded Investment Post-modification Recorded Investment Three months ended March 31, 2020 Troubled Debt Restructurings: Consumer 4 $ 159 $ 177 Residential real estate 2 226 234 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Recorded Investment Post-modification Recorded Investment Three Months Ended March 31, 2019 Troubled Debt Restructurings: Residential real estate 3 589 621 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted None None In response to the COVID-19 pandemic and its economic impact to customers, a short-term modification program that complies with the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was implemented to provide temporary payment relief to those borrowers directly impacted by COVID-19. This program allows for a deferral of payments for 90 days, which may extend for an additional 90 days, for a maximum of 180 days on a cumulative and successive basis. The deferred payments along with interest accrued during the deferral period are due and payable on the maturity date. Under recently issued guidance, provided these loans were current as of either year end or the date of the modification, these loans are not considered TDR loans at March 31, 2020 and will not be reported as past due during the deferral period. As part of the Two River and Country Bank acquisitions, the Company has purchased loans, for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows (in thousands): Two River January 1, 2020 Country Bank January 1, 2020 Purchase price of loans at acquisition $ 26,104 $ 24,667 Allowance for credit losses at acquisition 1,343 1,296 Non-credit discount at acquisition 2,562 5,334 Par value of acquired loans at acquisition $ 30,009 $ 31,297 In accordance with ASC 310, prior to the adoption of ASU 2016-13,the following table summarizes the changes in accretable yield for PCI loans during the three months ended March 31, 2019 (in thousands): Three Months Ended 2019 Beginning balance $ 3,630 Acquisition 1,171 Accretion (653 ) Reclassification from non-accretable difference 45 Ending balance $ 4,193

Deposits

Deposits	3 Months Ended
	Mar. 31, 2020
Banking and Thrift [Abstract]
Deposits	Deposits The major types of deposits at March 31, 2020 and December 31, 2019 were as follows (in thousands): Type of Account March 31, 2020 December 31, 2019 Non-interest-bearing $ 1,783,216 $ 1,377,396 Interest-bearing checking 2,647,487 2,539,428 Money market deposit 620,145 578,147 Savings 1,420,628 898,174 Time deposits 1,420,591 935,632 Total deposits $ 7,892,067 $ 6,328,777 Included in time deposits at March 31, 2020 and December 31, 2019 , is $293.3 million and $150.6 million , respectively, in deposits of $250,000 and over.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or the most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. The Company uses valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement costs). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability and developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and developed based on the best information available in the circumstances. In that regard, a fair value hierarchy has been established for valuation inputs that gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. Movements within the fair value hierarchy are recognized at the end of the applicable reporting period. There were no transfers between the levels of the fair value hierarchy for the three months ended March 31, 2020 . The fair value hierarchy is as follows: Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (for example, interest rates, volatilities, prepayment speeds, loss severities, credit risks and default rates) or inputs that are derived principally from or corroborated by observable market data by correlations or other means. Level 3 Inputs – Significant unobservable inputs that reflect an entity’s own assumptions that market participants would use in pricing the assets or liabilities. Assets and Liabilities Measured at Fair Value A description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis, that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Debt Securities Available-For-Sale Debt securities classified as available-for-sale are reported at fair value. Fair value for these debt securities is determined using inputs other than quoted prices that are based on market observable information (Level 2). Level 2 debt securities are priced through third-party pricing services or security industry sources that actively participate in the buying and selling of securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain debt securities without relying exclusively on quoted prices for the specific securities, but comparing the debt securities to benchmark or comparable debt securities. Equity Investments Equity investments are reported at fair value. Fair value for these investments is determined using a quoted price in an active market or exchange (Level 1). Interest Rate Swaps The Company’s interest rate swaps are reported at fair value utilizing models provided by an independent, third-party and observable market data. When entering into an interest rate swap agreement, the Company is exposed to fair value changes due to interest rate movements, and also the potential nonperformance of our contract counterparty. Other Real Estate Owned and Impaired Loans Other real estate owned and loans measured for impairment based on the fair value of the underlying collateral are recorded at estimated fair value, less estimated selling costs. Fair value is based on independent appraisals. The following table summarizes financial assets and financial liabilities measured at fair value as of March 31, 2020 and December 31, 2019 , segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Fair Value Measurements at Reporting Date Using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs March 31, 2020 Items measured on a recurring basis: Debt securities available-for-sale $ 153,738 $ — $ 153,713 $ 25 Equity investments 14,409 14,409 — — Interest rate swap asset 48,612 — 48,612 — Interest rate swap liability (49,501 ) — (49,501 ) — Items measured on a non-recurring basis: Other real estate owned 484 — — 484 Loans measured for impairment based on the fair value of the underlying collateral 15,912 — — 15,912 December 31, 2019 Items measured on a recurring basis: Debt securities available-for-sale $ 150,960 $ — $ 150,935 $ 25 Equity investments 10,136 10,136 — — Interest rate swap asset 10,141 — 10,141 — Interest rate swap liability (10,708 ) — (10,708 ) — Items measured on a non-recurring basis: Other real estate owned 264 — — 264 Loans measured for impairment based on the fair value of the underlying collateral 8,794 — — 8,794 Assets and Liabilities Disclosed at Fair Value A description of the valuation methodologies used for assets and liabilities disclosed at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy is set forth below. Cash and Due from Banks For cash and due from banks, the carrying amount approximates fair value. Debt Securities Held-to-Maturity Debt securities classified as held-to-maturity are carried at amortized cost, as the Company has the positive intent and ability to hold these debt securities to maturity. The Company determines the fair value of the debt securities utilizing Level 1, Level 2 and, infrequently, Level 3 inputs. In general, fair value is based upon quoted market prices, where available. Most of the Company’s investment and mortgage-backed securities, however, are fixed income instruments that are not quoted on an exchange, but are bought and sold in active markets. Prices for these instruments are obtained through third-party pricing vendors or security industry sources that actively participate in the buying and selling of debt securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain debt securities without relying exclusively on quoted prices for the specific debt securities, but comparing the debt securities to benchmark or comparable debt securities. Management’s policy is to obtain and review all available documentation from the third-party pricing service relating to their fair value determinations, including their methodology and summary of inputs. Management reviews this documentation, makes inquiries of the third-party pricing service and decides as to the level of the valuation inputs. Based on the Company’s review of the available documentation from the third-party pricing service, management concluded that Level 2 inputs were utilized for all securities except for certain state and municipal obligations known as bond anticipation notes (“BANs”) where management utilized Level 3 inputs. Restricted Equity Investments The fair value for Federal Home Loan Bank of New York and Federal Reserve Bank stock is its carrying value since this is the amount for which it could be redeemed. There is no active market for this stock and the Company is required to maintain a minimum investment as stipulated by the respective agencies. Loans Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as residential mortgage, consumer and commercial. Each loan category is further segmented into fixed and adjustable rate interest terms. Fair value of performing and non-performing loans was estimated by discounting the future cash flows, net of estimated prepayments, at a rate for which similar loans would be originated to new borrowers with similar terms. In accordance with the prospective adoption of ASU 2016-01, the fair value of loans was measured using the exit price notion. Deposits Other than Time Deposits The fair value of deposits with no stated maturity, such as non-interest-bearing demand deposits, savings, and interest-bearing checking accounts and money market accounts is, by definition, equal to the amount payable on demand. The related insensitivity of the majority of these deposits to interest rate changes creates a significant inherent value which is not reflected in the fair value reported. Time Deposits The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. Securities Sold Under Agreements to Repurchase with Retail Customers Fair value approximates the carrying amount as these borrowings are payable on demand and the interest rate adjusts monthly. Borrowed Funds Fair value estimates are based on discounting contractual cash flows using rates which approximate the rates offered for borrowings of similar remaining maturities. The book value and estimated fair value of the Bank’s significant financial instruments not recorded at fair value as of March 31, 2020 and December 31, 2019 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: Book Value Level 1 Inputs Level 2 Inputs Level 3 Inputs March 31, 2020 Financial Assets: Cash and due from banks $ 256,470 $ 256,470 $ — $ — Debt securities held-to-maturity 914,255 — 926,097 2,485 Restricted equity investments 81,005 — — 81,005 Loans receivable, net and loans held-for-sale 7,931,323 — — 8,027,963 Financial Liabilities: Deposits other than time deposits 6,471,476 — 6,471,476 — Time deposits 1,420,591 — 1,440,462 — Federal Home Loan Bank advances and other borrowings 946,037 — 964,847 — Securities sold under agreements to repurchase with retail customers 90,175 90,175 — — December 31, 2019 Financial Assets: Cash and due from banks $ 120,544 $ 120,544 $ — $ — Debt securities held-to-maturity 768,873 — 774,805 2,485 Restricted equity investments 62,356 — — 62,356 Loans receivable, net and loans held-for-sale 6,207,680 — — 6,173,237 Financial Liabilities: Deposits other than time deposits 5,393,145 — 5,393,145 — Time deposits 935,632 — 936,318 — Federal Home Loan Bank advances and other borrowings 616,061 — 626,225 — Securities sold under agreements to repurchase with retail customers 71,739 71,739 — — Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because a limited market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other significant unobservable inputs. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Significant assets and liabilities that are not considered financial assets or liabilities include premises and equipment, Bank Owned Life Insurance, deferred tax assets and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

Derivatives, Hedging Activities

Derivatives, Hedging Activities, and Other Financial Instruments	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Hedging Activities, and Other Financial Instruments	Derivatives, Hedging Activities and Other Financial Instruments The Company enters into derivative financial instruments which involve, to varying degrees, interest rate, market and credit risk. The Company manages these risks as part of its asset and liability management process and through credit policies and procedures, seeking to minimize counterparty credit risk by establishing credit limits and collateral agreements. The Company utilizes certain derivative financial instruments to enhance its ability to manage interest rate risk that exists as part of its ongoing business operations. In general, the derivative transactions entered into by the Company fall into one of two types: an economic hedge of a derivative offering to Bank customers, or a cash flow hedge related to counter the cash variability of a recognized financial asset or liability. The Company does not use derivative financial instruments for trading purposes. Customer Derivatives – Interest Rate Swaps The Company enters into interest rate swaps that allow commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate loan into a fixed-rate loan. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The interest rate swaps with both the customers and third parties are not designated as hedges under FASB Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging, and are marked to market through earnings. As the interest rate swaps are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC Topic 820, Fair Value Measurements. The Company recognized gains of $303,000 in other income resulting from fair value adjustments for the three months ended March 31, 2020 as compared to losses of $54,000 during the three months ended March 31, 2019 . The notional amount of derivatives not designated as hedging instruments was $490.8 million and $337.6 million at March 31, 2020 and December 31, 2019 , respectively. The table below presents the fair value of derivatives not designated as hedging instruments as well as their location on the consolidated statements of financial condition (in thousands): Fair Value Balance Sheet Location March 31, 2020 December 31, 2019 Other assets $ 48,612 $ 10,141 Other liabilities 48,877 10,708 Credit Risk-Related Contingent Features The Company is a party to International Swaps and Derivatives Association agreements with third party broker-dealers that require a minimum dollar transfer amount upon a margin call. This requirement is dependent on certain specified credit measures. The amount of collateral posted with third parties was $51.7 million and $13.7 million at March 31, 2020 and December 31, 2019 , respectively. The amount of collateral posted with third parties is deemed to be sufficient to collateralize both the fair market value change as well as any additional amounts that may be required as a result of a change in the specified credit measures. The aggregate fair value of all derivative financial instruments in a liability position with credit measure contingencies and entered into with third parties was $48.9 million and $10.7 million at March 31, 2020 and December 31, 2019 , respectively. Cash Flow Hedge - Interest Rate Swap On January 1, 2020, the Company acquired an interest rate swap designated as a cash flow hedge from Country Bank, which is part of the Company’s asset liability management strategy. The notional amount of the interest rate swap designated as a cash flow hedge was $10.0 million and is recorded at a fair value of $624,000 in other liabilities at March 31, 2020 . For the three months ended March 31, 2020 , the Company recorded an unrealized loss in other comprehensive income of $547,000 , net of tax.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, ATM locations and office space with terms extending through 2050. The majority of the Company’s leases are classified as operating leases, which are required to be recognized on the consolidated statements of financial condition as a right-of-use (“ROU”) asset and a corresponding lease liability. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s ROU assets and lease liabilities on the consolidated statements of financial condition (in thousands): March 31, 2020 December 31, 2019 Lease ROU Assets Classification Operating lease ROU asset Other assets $ 27,037 $ 18,682 Finance lease ROU asset Premises and equipment, net 1,494 1,534 Total Lease ROU Asset $ 28,531 $ 20,216 Lease Liabilities Operating lease liability Other liabilities $ 27,322 $ 18,893 Finance lease liability Other borrowings 1,906 1,953 Total Lease Liability $ 29,228 $ 20,846 The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, the Company uses the rate implicit in the lease, provided the rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate, at lease inception, over a similar term. For operating leases existing prior to January 1, 2019, the Company used the incremental borrowing rate for the remaining lease term as of January 1, 2019. For the finance lease, the Company utilized its incremental borrowing rate at lease inception. March 31, 2020 December 31, 2019 Weighted-Average Remaining Lease Term Operating leases 7.66 years 9.69 years Finance lease 9.35 years 9.60 years Weighted-Average Discount Rate Operating leases 3.00 % 3.45 % Finance lease 5.63 % 5.63 % The following table represents lease expenses and other lease information (in thousands): Three Months Ended Three Months Ended March 31, 2019 Lease Expense Operating Lease Expense $ 1,723 $ 969 Finance Lease Expense: Amortization of ROU assets 40 108 Interest on lease liabilities (1) 27 90 Total $ 1,790 $ 1,167 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,648 $ 934 Operating cash flows from finance leases 27 90 Financing cash flows from finance leases 47 127 (1) Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense. Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2020 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ended March 31, 2021 $ 295 $ 6,570 2022 295 6,271 2023 295 4,046 2024 295 2,785 2025 295 2,456 Thereafter 868 9,199 Total $ 2,343 $ 31,327 Less: Imputed Interest (437 ) (4,005 ) Total Lease Liabilities $ 1,906 $ 27,322
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. The Company’s leases are comprised of real estate property for branches, ATM locations and office space with terms extending through 2050. The majority of the Company’s leases are classified as operating leases, which are required to be recognized on the consolidated statements of financial condition as a right-of-use (“ROU”) asset and a corresponding lease liability. The Company has one existing finance lease, which has a lease term through 2029. The following table represents the classification of the Company’s ROU assets and lease liabilities on the consolidated statements of financial condition (in thousands): March 31, 2020 December 31, 2019 Lease ROU Assets Classification Operating lease ROU asset Other assets $ 27,037 $ 18,682 Finance lease ROU asset Premises and equipment, net 1,494 1,534 Total Lease ROU Asset $ 28,531 $ 20,216 Lease Liabilities Operating lease liability Other liabilities $ 27,322 $ 18,893 Finance lease liability Other borrowings 1,906 1,953 Total Lease Liability $ 29,228 $ 20,846 The calculated amount of the ROU assets and lease liabilities are impacted by the lease term and the discount rate used to calculate the present value of the minimum lease payments. Lease agreements often include one or more options to renew the lease at the Company’s discretion. If the exercise of a renewal option is considered to be reasonably certain, the Company includes the extended term in the calculation of the ROU asset and lease liability. For the discount rate, the Company uses the rate implicit in the lease, provided the rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate, at lease inception, over a similar term. For operating leases existing prior to January 1, 2019, the Company used the incremental borrowing rate for the remaining lease term as of January 1, 2019. For the finance lease, the Company utilized its incremental borrowing rate at lease inception. March 31, 2020 December 31, 2019 Weighted-Average Remaining Lease Term Operating leases 7.66 years 9.69 years Finance lease 9.35 years 9.60 years Weighted-Average Discount Rate Operating leases 3.00 % 3.45 % Finance lease 5.63 % 5.63 % The following table represents lease expenses and other lease information (in thousands): Three Months Ended Three Months Ended March 31, 2019 Lease Expense Operating Lease Expense $ 1,723 $ 969 Finance Lease Expense: Amortization of ROU assets 40 108 Interest on lease liabilities (1) 27 90 Total $ 1,790 $ 1,167 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,648 $ 934 Operating cash flows from finance leases 27 90 Financing cash flows from finance leases 47 127 (1) Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense. Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2020 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ended March 31, 2021 $ 295 $ 6,570 2022 295 6,271 2023 295 4,046 2024 295 2,785 2025 295 2,456 Thereafter 868 9,199 Total $ 2,343 $ 31,327 Less: Imputed Interest (437 ) (4,005 ) Total Lease Liabilities $ 1,906 $ 27,322

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 29, 2020, the Company announced that it issued and sold $125,000,000 aggregate principal amount of 5.25% fixed-to-floating rate subordinated notes due 2030 (the “Notes”) at a public offering price equal to 100% of the aggregate principal amount of the Notes. The offering of the Notes closed on May 1, 2020. The Notes were offered and sold pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on March 24, 2020 (Registration No. 333-237356). Additionally, on April 30, 2020, the Company filed a preliminary prospectus supplement for an underwritten public offering of 2,200,000 shares of the Company’s depositary shares, each representing a 1/40th ownership interest in a share of the Company’s 7.00% fixed-to-floating rate non-cumulative perpetual preferred stock, series A. The shares have a trade date of May 1, 2020 and a settlement date of May 7, 2020 and are redeemable on or before May 15, 2025. The depositary shares were offered and sold pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on March 24, 2020 (Registration No. 333-237356).

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiaries, OceanFirst Bank N.A. (the “Bank”) and OceanFirst Risk Management, Inc., and the Bank’s wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., and its wholly-owned subsidiary OceanFirst Management Corp., and its wholly-owned subsidiary OceanFirst Realty Corp., OceanFirst Services, LLC and its wholly-owned subsidiary OFB Reinsurance, Ltd., Hooper Holdings, LLC., TRREO Holdings LLC, Casaba Real Estate Holdings Corporation, Cohensey Bridge, L.L.C., Prosperis Financial, LLC, CBNJ Investments Corp., Country Property Holdings, Inc., Country Financial Services Inc., and TRCB Investment Corp. All significant intercompany accounts and transactions have been eliminated in consolidation.
Recent Accounting Pronouncements	In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326).” This ASU significantly changed how entities measure credit losses for financial assets and certain other instruments that are measured at amortized cost. The standard replaced the “incurred loss” approach with an “expected loss” model, which necessitates a forecast of lifetime losses. The new model, referred to as the current expected credit loss (“CECL”) model, applies to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments, and financial guarantees. The CECL model does not apply to available-for-sale (“AFS”) debt securities. The ASU simplifies the accounting model for purchased credit-impaired debt securities and loans. The standard’s provisions are to be applied as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). The Company adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost. Results for reporting periods beginning after January 1, 2020 are presented in accordance with ASU 2016-13, or Accounting Standards Codification (“ASC”) 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net decrease to retained earnings of $4,000 , net of tax, as of January 1, 2020 for the cumulative effect of adopting ASC 326. The transition adjustment included a decrease in the allowance for credit losses on loans of $475,000 , an increase in the allowance for credit losses on held to maturity debt securities of $1.3 million , and a decrease in the allowance for credit losses on off-balance sheet credit exposures of $788,000 . As allowed by ASC 326, the Company elected not to maintain pools of loans accounted for under ASC 310-30. At December 31, 2019 , purchase credit impaired (“PCI”) loans totaled $13.3 million . In accordance with the standard, management did not reassess whether modifications individually acquired financial assets accounted for in pools were troubled debt restructured loans as of the date of adoption. Upon adoption, the Company’s PCI loans were converted to purchase credit deteriorated (“PCD”) loans as defined by ASC 326. The transition adjustment for the PCI loans to PCD loans resulted in a reclassification of $3.2 million from the specific credit fair value adjustment to the allowance for credit losses on loans. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such as changes in unemployments rates, property values, or other relevant factors. At March 31, 2020 , the Company utilized Oxford Economics to provide the macroeconomic forecasts for select variables through the SS&C Technologies, Inc. EVOLV platform. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications. In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment.” This ASU intends to simplify the subsequent measurement of goodwill, eliminating Step 2 from the goodwill impairment test. Instead, an entity should perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge by which the carrying amount exceeds the reporting unit’s fair value; however the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU also eliminates the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. ASU No. 2017-04 is effective for fiscal years beginning after December 15, 2019. The adoption of this update did not have an impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820) - Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU updates the disclosure requirements on Fair Value measurements by 1) removing: the disclosures for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels, and the valuation processes for Level 3 fair value measurements; 2) modifying: disclosures for timing of liquidation of an investee’s assets and disclosures for uncertainty in measurement as of reporting date; and 3) adding: disclosures for changes in unrealized gains and losses included in other comprehensive income for recurring level 3 fair value measurements and disclosures for the range and weighted average of the significant unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, with early adoption permitted to any removed or modified disclosures and delay adoption of additional disclosures until the effective date. With the exception of the following, which should be applied prospectively, disclosures relating to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the disclosures for uncertainty measurement, all other changes should be applied retrospectively to all periods presented upon the effective date. The adoption of this update did not have an impact on the Company’s consolidated financial statements. Refer to Note 7 Fair Value Measurements, for additional information.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Summary of Assets Acquired and Liabilities Assumed and Their Initial Fair Value Estimates	The following table summarizes the fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Capital Bank, net of total consideration paid (in thousands): At January 31, 2019 Fair Value Total Purchase Price: $ 76,834 Assets acquired: Cash and cash equivalents $ 59,748 Securities 103,775 Loans 307,300 Accrued interest receivable 1,390 Bank Owned Life Insurance 10,460 Deferred tax asset 4,101 Other assets 4,980 Core deposit intangible 2,662 Total assets acquired 494,416 Liabilities assumed: Deposits (449,018 ) Other liabilities (5,210 ) Total liabilities assumed (454,228 ) Net assets acquired $ 40,188 Goodwill recorded in the merger $ 36,646 The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Country Bank, net of total consideration paid (in thousands): At January 1, 2020 Country Bank Book Value Purchase Estimated Total Purchase Price: $ 112,836 Assets acquired: Cash and cash equivalents $ 20,799 $ — $ 20,799 Securities 144,460 39 144,499 Loans 614,285 4,376 618,661 Accrued interest receivable 1,779 — 1,779 Deferred tax asset (3,254 ) (897 ) (4,151 ) Other assets 10,327 (1,134 ) 9,193 Core deposit intangible — 2,117 2,117 Total assets acquired 788,396 4,501 792,897 Liabilities assumed: Deposits (649,399 ) (3,254 ) (652,653 ) Other liabilities (69,244 ) 1,980 (67,264 ) Total liabilities assumed (718,643 ) (1,274 ) (719,917 ) Net assets acquired $ 69,753 $ 3,227 $ 72,980 Goodwill recorded in the merger $ 39,856 The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Two River, net of total consideration paid (in thousands): At January 1, 2020 Two River Book Value Purchase Estimated Total Purchase Price: $ 197,050 Assets acquired: Cash and cash equivalents $ 51,102 $ — $ 51,102 Securities 62,832 1,549 64,381 Loans 940,885 (49 ) 940,836 Accrued interest receivable 2,382 — 2,382 Bank Owned Life Insurance 22,440 — 22,440 Deferred tax asset 5,201 (1,850 ) 3,351 Other assets 18,662 (2,700 ) 15,962 Core deposit intangible — 12,130 12,130 Total assets acquired 1,103,504 9,080 1,112,584 Liabilities assumed: Deposits (939,132 ) (2,618 ) (941,750 ) Other liabilities (58,935 ) (21 ) (58,956 ) Total liabilities assumed (998,067 ) (2,639 ) (1,000,706 ) Net assets acquired $ 105,437 $ 6,441 $ 111,878 Goodwill recorded in the merger $ 85,172
Business Acquisition, Pro Forma Information	The following table presents financial information regarding the former Two River and Country Bank operations included in the Consolidated Statements of Income from the date of the acquisition (January 1, 2020) through March 31, 2020 . The table also presents financial information regarding the former Capital Bank operations included in the Consolidated Statements of Income from the date of the acquisition (January 31, 2019) through March 31, 2020 . In addition, the table provides unaudited condensed pro forma financial information assuming the Two River, Country Bank, and Capital Bank acquisitions had been completed as of January 1, 2019 for the three months ended March 31, 2019 . The table below has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results. Furthermore, the unaudited pro forma information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings or the impact of conforming certain accounting policies of the acquired company to the Company’s policies that may have occurred as a result of the integration and consolidation of Two River, Country Bank, and Capital Bank’s operations. The pro forma information shown reflects adjustments related to certain purchase accounting fair value adjustments; amortization of core deposit and other intangibles; and related income tax effects. (in thousands) Two River Actual for Country Bank Actual for Three Months Ended March 31, 2020 Capital Bank Actual from February 1, 2019 Pro forma Net interest income $ 10,650 $ 6,507 $ 3,172 $ 84,302 Credit loss expense 210 126 70 1,095 Non-interest income 558 162 199 10,963 Non-interest expense 11,630 5,488 6,439 58,535 Provision (benefit) for income taxes (167 ) 589 (6 ) 6,506 Net income $ (465 ) $ 466 $ (3,132 ) $ 29,129 Fully diluted earnings per share $ 0.47

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Reconciliation of Shares Outstanding for Basic and Diluted Earnings per Share	The following reconciles shares outstanding for basic and diluted earnings per share for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended 2020 2019 Weighted average shares outstanding 60,362 50,099 Less: Unallocated ESOP shares (460 ) (517 ) Unallocated incentive award shares and shares held by deferred compensation plan (26 ) (56 ) Average basic shares outstanding 59,876 49,526 Add: Effect of dilutive securities: Incentive awards and shares held by deferred compensation plan 603 624 Average diluted shares outstanding 60,479 50,150

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale	The amortized cost, estimated fair value, and allowance for credit losses of debt securities available-for-sale and held-to-maturity at March 31, 2020 , and December 31, 2019 , are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value At March 31, 2020 Debt securities available-for-sale: Investment securities: U.S. government and agency obligations $ 149,261 $ 4,051 $ (4 ) $ 153,308 State and municipal obligations 25 — — 25 Total investment securities 149,286 4,051 (4 ) 153,333 Mortgage-backed securities - FNMA 397 8 — 405 Total debt securities available-for-sale $ 149,683 $ 4,059 $ (4 ) $ 153,738 Amortized Gross Gross Estimated Allowance for Credit Losses At March 31, 2020 Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations $ 6,238 $ 54 $ — $ 6,292 $ — State and municipal obligations 232,167 3,014 (425 ) 234,756 (35 ) Corporate debt securities 82,277 510 (8,568 ) 74,219 (1,651 ) Total investment securities 320,682 3,578 (8,993 ) 315,267 (1,686 ) Mortgage-backed securities: FHLMC 198,263 5,835 (30 ) 204,068 — FNMA 240,839 7,604 (165 ) 248,278 — GNMA 104,891 2,027 (416 ) 106,502 — SBA 6,108 9 (46 ) 6,071 — CMO 49,904 — (1,508 ) 48,396 (843 ) Total mortgage-backed securities 600,005 15,475 (2,165 ) 613,315 (843 ) Total debt securities held-to-maturity $ 920,687 $ 19,053 $ (11,158 ) $ 928,582 $ (2,529 ) Total debt securities $ 1,070,370 $ 23,112 $ (11,162 ) $ 1,082,320 $ (2,529 ) Amortized Gross Gross Estimated At December 31, 2019 Debt securities available-for-sale: Investment securities: U.S. government and agency obligations $ 149,120 $ 1,408 $ (93 ) $ 150,435 State and municipal obligations 25 — — 25 Total investment securities 149,145 1,408 (93 ) 150,460 Mortgage-backed securities - FNMA 495 5 — 500 Total debt securities available-for-sale $ 149,640 $ 1,413 $ (93 ) $ 150,960 Amortized Gross Gross Estimated December 31, 2019 Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations $ 4,984 $ 14 $ — $ 4,998 State and municipal obligations 124,430 1,537 (208 ) 125,759 Corporate debt securities 79,547 833 (2,421 ) 77,959 Total investment securities 208,961 2,384 (2,629 ) 208,716 Mortgage-backed securities: FHLMC 206,985 2,221 (524 ) 208,682 FNMA 244,428 2,680 (493 ) 246,615 GNMA 110,661 939 (212 ) 111,388 SBA 1,940 — (51 ) 1,889 Total mortgage-backed securities 564,014 5,840 (1,280 ) 568,574 Total debt securities held-to-maturity $ 772,975 $ 8,224 $ (3,909 ) $ 777,290 Total debt securities $ 922,615 $ 9,637 $ (4,002 ) $ 928,250
Carrying Value of Held-to-Maturity Investment Securities	The amortized cost, estimated fair value, and allowance for credit losses of debt securities available-for-sale and held-to-maturity at March 31, 2020 , and December 31, 2019 , are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value At March 31, 2020 Debt securities available-for-sale: Investment securities: U.S. government and agency obligations $ 149,261 $ 4,051 $ (4 ) $ 153,308 State and municipal obligations 25 — — 25 Total investment securities 149,286 4,051 (4 ) 153,333 Mortgage-backed securities - FNMA 397 8 — 405 Total debt securities available-for-sale $ 149,683 $ 4,059 $ (4 ) $ 153,738 Amortized Gross Gross Estimated Allowance for Credit Losses At March 31, 2020 Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations $ 6,238 $ 54 $ — $ 6,292 $ — State and municipal obligations 232,167 3,014 (425 ) 234,756 (35 ) Corporate debt securities 82,277 510 (8,568 ) 74,219 (1,651 ) Total investment securities 320,682 3,578 (8,993 ) 315,267 (1,686 ) Mortgage-backed securities: FHLMC 198,263 5,835 (30 ) 204,068 — FNMA 240,839 7,604 (165 ) 248,278 — GNMA 104,891 2,027 (416 ) 106,502 — SBA 6,108 9 (46 ) 6,071 — CMO 49,904 — (1,508 ) 48,396 (843 ) Total mortgage-backed securities 600,005 15,475 (2,165 ) 613,315 (843 ) Total debt securities held-to-maturity $ 920,687 $ 19,053 $ (11,158 ) $ 928,582 $ (2,529 ) Total debt securities $ 1,070,370 $ 23,112 $ (11,162 ) $ 1,082,320 $ (2,529 ) Amortized Gross Gross Estimated At December 31, 2019 Debt securities available-for-sale: Investment securities: U.S. government and agency obligations $ 149,120 $ 1,408 $ (93 ) $ 150,435 State and municipal obligations 25 — — 25 Total investment securities 149,145 1,408 (93 ) 150,460 Mortgage-backed securities - FNMA 495 5 — 500 Total debt securities available-for-sale $ 149,640 $ 1,413 $ (93 ) $ 150,960 Amortized Gross Gross Estimated December 31, 2019 Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations $ 4,984 $ 14 $ — $ 4,998 State and municipal obligations 124,430 1,537 (208 ) 125,759 Corporate debt securities 79,547 833 (2,421 ) 77,959 Total investment securities 208,961 2,384 (2,629 ) 208,716 Mortgage-backed securities: FHLMC 206,985 2,221 (524 ) 208,682 FNMA 244,428 2,680 (493 ) 246,615 GNMA 110,661 939 (212 ) 111,388 SBA 1,940 — (51 ) 1,889 Total mortgage-backed securities 564,014 5,840 (1,280 ) 568,574 Total debt securities held-to-maturity $ 772,975 $ 8,224 $ (3,909 ) $ 777,290 Total debt securities $ 922,615 $ 9,637 $ (4,002 ) $ 928,250 March 31, 2020 , and December 31, 2019 , is as follows (in thousands): March 31, 2020 December 31, 2019 Amortized cost $ 920,687 $ 772,975 Net loss on date of transfer from available-for-sale (13,347 ) (13,347 ) Allowance for credit loss (2,529 ) — Accretion of net unrealized loss on securities reclassified as held-to-maturity 9,444 9,245 Carrying value $ 914,255 $ 768,873
Debt Securities, Held-to-maturity, Allowance for Credit Loss	The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity by major security type for the three months ended March 31, 2020 (in thousands): Investment securities Mortgage-backed securities Allowance for credit losses Beginning balance $ — $ — Impact of CECL adoption (1,268 ) — Provision for credit loss expense (418 ) (843 ) Total ending allowance balance $ (1,686 ) $ (843 )
Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of investment securities at March 31, 2020 by contractual maturity are shown below (in thousands). Actual maturities may differ from contractual maturities in instances where issuers have the right to call or prepay obligations with or without call or prepayment penalties. At March 31, 2020 , corporate debt securities with an amortized cost of $57.0 million and estimated fair value of $49.0 million were callable prior to the maturity date. March 31, 2020 Amortized Cost Estimated Fair Value Less than one year $ 82,453 $ 82,780 Due after one year through five years 199,795 204,837 Due after five years through ten years 77,653 70,576 Due after ten years 110,067 110,407 $ 469,968 $ 468,600
Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity	The estimated fair value and unrealized losses of debt securities available-for-sale and held-to-maturity at March 31, 2020 and December 31, 2019 , segregated by the duration of the unrealized losses, are as follows (in thousands): At March 31, 2020 Less than 12 months 12 months or longer Total Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Debt securities available-for-sale: Investment securities - U.S. government and agency obligations $ 4,900 $ (4 ) $ — $ — $ 4,900 $ (4 ) Total debt securities available-for-sale 4,900 (4 ) — — 4,900 (4 ) Debt securities held-to-maturity: Investment securities: U.S. government and agency obligations — — — — — — State and municipal obligations 38,712 (247 ) 8,532 (178 ) 47,244 (425 ) Corporate debt securities 20,259 (1,528 ) 31,292 (7,040 ) 51,551 (8,568 ) Total investment securities 58,971 (1,775 ) 39,824 (7,218 ) 98,795 (8,993 ) Mortgage-backed securities: FHLMC 1,653 (22 ) 1,772 (8 ) 3,425 (30 ) FNMA 20,857 (154 ) 444 (11 ) 21,301 (165 ) GNMA 15,906 (266 ) 7,222 (150 ) 23,128 (416 ) SBA — — 1,763 (46 ) 1,763 (46 ) CMO 48,396 (1,508 ) — — 48,396 (1,508 ) Total mortgage-backed securities 86,812 (1,950 ) 11,201 (215 ) 98,013 (2,165 ) Total debt securities held-to-maturity 145,783 (3,725 ) 51,025 (7,433 ) 196,808 (11,158 ) Total debt securities $ 150,683 $ (3,729 ) $ 51,025 $ (7,433 ) $ 201,708 $ (11,162 ) At December 31, 2019 Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Debt securities available-for-sale: Investment securities - U.S. government and agency obligations $ 25,021 $ (54 ) $ 22,451 $ (39 ) $ 47,472 $ (93 ) Total debt securities available-for-sale 25,021 (54 ) 22,451 (39 ) 47,472 (93 ) Debt securities held-to-maturity: Investment securities: State and municipal obligations 7,308 (58 ) 14,531 (150 ) 21,839 (208 ) Corporate debt securities 9,727 (213 ) 37,628 (2,208 ) 47,355 (2,421 ) Total investment securities 17,035 (271 ) 52,159 (2,358 ) 69,194 (2,629 ) Mortgage-backed securities: FHLMC 6,329 (29 ) 38,641 (495 ) 44,970 (524 ) FNMA 13,682 (59 ) 38,568 (434 ) 52,250 (493 ) GNMA 30,268 (93 ) 19,828 (119 ) 50,096 (212 ) SBA — — 1,889 (51 ) 1,889 (51 ) Total mortgage-backed securities 50,279 (181 ) 98,926 (1,099 ) 149,205 (1,280 ) Total debt securities held-to-maturity 67,314 (452 ) 151,085 (3,457 ) 218,399 (3,909 ) Total debt securities $ 92,335 $ (506 ) $ 173,536 $ (3,496 ) $ 265,871 $ (4,002 )
Amortized Cost, Estimated Fair Value and Credit Rating of Corporate Debt Securities	At March 31, 2020 , the amortized cost, estimated fair value and credit rating of the individual corporate debt securities in an unrealized loss position for greater than one year are as follows (in thousands): Security Description Amortized Cost Estimated Fair Value Credit Rating Moody’s/ S&P Chase Capital $ 10,000 $ 8,300 Baa1/BBB- Wells Fargo Capital 5,000 4,200 A1/BBB Huntington Capital 5,000 3,850 Baa2/BB+ Keycorp Capital 5,000 4,100 Baa2/BB+ PNC Capital 5,000 4,010 Baa1/BBB- State Street Capital 3,332 2,732 A3/BBB SunTrust Capital 5,000 4,100 Not Rated/BBB- $ 38,332 $ 31,292
Debt Securities, Held-to-maturity, Credit Quality Indicator	The following table summarized the amortized cost of debt securities held-to-maturity at March 31, 2020 , aggregated by credit quality indicator (in thousands): AAA AA A BBB BB Total As of March 31, 2020 Investment securities: U.S. government and agency obligations $ — $ 6,238 $ — $ — $ — $ 6,238 State and municipal obligations 41,863 135,634 49,366 5,304 — 232,167 Corporate debt securities — 1,493 17,450 52,803 10,531 82,277 Total investment securities 41,863 143,365 66,816 58,107 10,531 320,682 Mortgage-backed securities: CMO 16,924 32,980 — — — 49,904 Total mortgage-backed securities 16,924 32,980 — — — 49,904 Total debt securities held-to-maturity $ 58,787 $ 176,345 $ 66,816 $ 58,107 $ 10,531 $ 370,586

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Components of Loans Receivable, Net	Loans receivable, net at March 31, 2020 and December 31, 2019 consisted of the following (in thousands): March 31, 2020 December 31, 2019 Commercial: Commercial and industrial $ 502,760 $ 396,434 Commercial real estate – owner occupied 1,220,983 792,653 Commercial real estate – investor 3,331,662 2,296,410 Total commercial 5,055,405 3,485,497 Consumer: Residential real estate 2,458,641 2,321,157 Home equity loans and lines 335,624 318,576 Other consumer 82,920 89,422 Total consumer 2,877,185 2,729,155 Total loans 7,932,590 6,214,652 Deferred origination costs, net 10,586 9,880 Allowance for credit losses (29,635 ) (16,852 ) Total loans, net $ 7,913,541 $ 6,207,680
Risk Category of Loans by Loan Portfolio Segment Excluding PCI Loans	The following table summarizes total loans by year of origination and internally assigned credit grades and risk characteristics (in thousands): 2020 2019 2018 2017 2016 2015 and prior Revolving lines of credit Total March 31, 2020 Commercial and industrial Pass $ 7,718 $ 61,109 $ 60,217 $ 47,452 $ 47,051 $ 111,383 $ 147,529 $ 482,459 Special Mention — — 112 832 712 54 800 2,510 Substandard 400 — 3,912 1,497 72 7,877 4,033 17,791 Total commercial and industrial 8,118 61,109 64,241 49,781 47,835 119,314 152,362 502,760 Commercial real estate - owner occupied Pass 59,276 154,245 138,376 143,086 136,276 531,105 22,560 1,184,924 Special Mention — 191 — 1,399 1,396 1,439 306 4,731 Substandard — 2,138 410 2,431 2,391 23,958 — 31,328 Total commercial real estate - owner occupied 59,276 156,574 138,786 146,916 140,063 556,502 22,866 1,220,983 Commercial real estate - investor Pass 200,651 662,802 410,180 511,079 345,525 983,984 144,341 3,258,562 Special Mention — 29 — 3,031 5,950 19,709 8,768 37,487 Substandard — 178 664 — 5,069 25,691 4,011 35,613 Total commercial real estate - investor 200,651 663,009 410,844 514,110 356,544 1,029,384 157,120 3,331,662 Residential real estate Pass 138,889 588,723 347,761 220,624 182,541 976,664 — 2,455,202 Special Mention — — — 221 144 3,074 — 3,439 Substandard — — — — — — — — Total residential real estate 138,889 588,723 347,761 220,845 182,685 979,738 — 2,458,641 Consumer Pass 6,665 37,024 119,311 34,358 21,322 194,187 2,514 415,381 Special Mention — — — — — 530 — 530 Substandard — — 35 — — 2,598 — 2,633 Total consumer 6,665 37,024 119,346 34,358 21,322 197,315 2,514 418,544 Total loans $ 413,599 $ 1,506,439 $ 1,080,978 $ 966,010 $ 748,449 $ 2,882,253 $ 334,862 $ 7,932,590
Analysis of Allowance for Loan Losses	An analysis of the allowance for credit losses on loans for the three months ended March 31, 2020 and 2019 is as follows (in thousands): Commercial Commercial Commercial Residential Consumer Unallocated Total For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 1,458 $ 2,893 $ 9,883 $ 2,002 $ 591 $ 25 $ 16,852 Impact of CECL adoption 2,416 (1,109 ) (5,395 ) 3,833 2,981 (25 ) 2,701 Credit loss expense 1,529 1,286 2,377 3,585 (180 ) — 8,597 Initial allowance for credit losses on PCD loans 1,221 26 260 109 1,023 2,639 Charge-offs — — — (1,275 ) (109 ) — (1,384 ) Recoveries 25 — 34 163 8 — 230 Balance at end of period $ 6,649 $ 3,096 $ 7,159 $ 8,417 $ 4,314 $ — $ 29,635 For the three months ended Allowance for credit losses on loans Balance at beginning of period $ 1,609 $ 2,277 $ 8,770 $ 2,413 $ 486 $ 1,022 $ 16,577 Credit loss (benefit) expense (19 ) 1,550 (802 ) (23 ) (110 ) 24 620 Charge-offs — (389 ) (21 ) (427 ) (31 ) — (868 ) Recoveries 57 — 295 2 22 — 376 Balance at end of period $ 1,647 $ 3,438 $ 8,242 $ 1,965 $ 367 $ 1,046 $ 16,705
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method Excluding PCI Loans	In accordance with ASC 310, prior to the adoption of ASU 2016-13, the following table presents the balance in the allowance for credit losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2019 , excluding PCD loans (in thousands): Commercial and Industrial Commercial Real Estate – Owner Occupied Commercial Real Estate – Investor Residential Real Estate Consumer Unallocated Total December 31, 2019 Allowance for credit losses: Ending allowance balance attributed to loans: Individually evaluated for impairment $ — $ 474 $ — $ — $ 2 $ — $ 476 Collectively evaluated for impairment 1,458 2,419 9,883 2,002 589 25 16,376 Total ending allowance balance $ 1,458 $ 2,893 $ 9,883 $ 2,002 $ 591 $ 25 $ 16,852 Loans: Loans individually evaluated for impairment $ 243 $ 6,163 $ 5,584 $ 11,009 $ 3,511 $ — $ 26,510 Loans collectively evaluated for impairment 395,848 785,778 2,279,114 2,309,812 404,325 — 6,174,877 Total ending loan balance $ 396,091 $ 791,941 $ 2,284,698 $ 2,320,821 $ 407,836 $ — $ 6,201,387
Summary of Impaired Loans Excluding PCI Loans	In accordance with ASC 310, prior to the adoption of ASU 2016-13, the following table presents the balance in the allowance for credit losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2019 , excluding PCD loans (in thousands): Commercial and Industrial Commercial Real Estate – Owner Occupied Commercial Real Estate – Investor Residential Real Estate Consumer Unallocated Total December 31, 2019 Allowance for credit losses: Ending allowance balance attributed to loans: Individually evaluated for impairment $ — $ 474 $ — $ — $ 2 $ — $ 476 Collectively evaluated for impairment 1,458 2,419 9,883 2,002 589 25 16,376 Total ending allowance balance $ 1,458 $ 2,893 $ 9,883 $ 2,002 $ 591 $ 25 $ 16,852 Loans: Loans individually evaluated for impairment $ 243 $ 6,163 $ 5,584 $ 11,009 $ 3,511 $ — $ 26,510 Loans collectively evaluated for impairment 395,848 785,778 2,279,114 2,309,812 404,325 — 6,174,877 Total ending loan balance $ 396,091 $ 791,941 $ 2,284,698 $ 2,320,821 $ 407,836 $ — $ 6,201,387
Summary of Loans Individually Evaluated for Impairment by Loan Portfolio Segment Excluding PCI Loans	In accordance with ASC 310, prior to the adoption of ASU 2016-13, the summary of loans individually evaluated for impairment by loan portfolio segment as of December 31, 2019 and for the three months ended March 31, 2019 , is as follows, excluding PCI loans (in thousands): Unpaid Principal Balance Recorded Investment Allowance for Credit Losses Allocated As of December 31, 2019 With no related allowance recorded: Commercial and industrial $ 265 $ 243 $ — Commercial real estate – owner occupied 4,062 3,968 — Commercial real estate – investor 6,665 5,584 — Residential real estate 11,009 11,009 — Consumer 3,734 3,509 — $ 25,735 $ 24,313 $ — With an allowance recorded: Commercial and industrial $ — $ — $ — Commercial real estate – owner occupied 2,376 2,195 474 Commercial real estate – investor — — — Residential real estate — — — Consumer 2 2 2 $ 2,378 $ 2,197 $ 476 Three Months Ended March 31, 2019 Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial and industrial $ 938 $ 3 Commercial real estate – owner occupied 4,153 42 Commercial real estate – investor 11,667 136 Residential real estate 10,046 131 Consumer 3,071 46 $ 29,875 $ 358 With an allowance recorded: Commercial and industrial $ — $ — Commercial real estate – owner occupied 2,250 36 Commercial real estate – investor — — Residential real estate — — Consumer — — $ 2,250 $ 36
Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans	The following table presents the recorded investment in non-accrual loans by loan portfolio segment as of March 31, 2020 and December 31, 2019 (in thousands). The March 31, 2020 balances include PCD loans while the December 31, 2019 balances exclude PCI loans (in accordance with ASC 310, prior to the adoption of ASU 2016-13 on January 1, 2020). March 31, 2020 December 31, 2019 Commercial and industrial $ 782 $ 207 Commercial real estate – owner occupied 4,219 4,811 Commercial real estate – investor 9,123 2,917 Residential real estate 6,690 7,181 Consumer 3,075 2,733 $ 23,889 $ 17,849
Aging of Recorded Investment in Past Due Loans Excluding PCI Loans	The following table presents the aging of the recorded investment in past due loans as of March 31, 2020 and December 31, 2019 by loan portfolio segment (in thousands). The March 31, 2020 balances include PCD loans while the December 31, 2019 balances exclude PCI loans (in accordance with ASC 310, prior to the adoption of ASU 2016-13 on January 1, 2020). 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total March 31, 2020 Commercial and industrial $ 3,052 $ 575 $ 207 $ 3,834 $ 498,926 $ 502,760 Commercial real estate – owner occupied 8,883 1,307 392 10,582 1,210,401 1,220,983 Commercial real estate – investor 19,152 2,595 7,466 29,213 3,302,449 3,331,662 Residential real estate 18,363 206 3,234 21,803 2,436,838 2,458,641 Consumer 1,825 530 2,633 4,988 413,556 418,544 $ 51,275 $ 5,213 $ 13,932 $ 70,420 $ 7,862,170 $ 7,932,590 December 31, 2019 Commercial and industrial $ 100 $ — $ 207 $ 307 $ 395,784 $ 396,091 Commercial real estate – owner occupied 1,541 1,203 1,040 3,784 788,157 791,941 Commercial real estate – investor 381 938 2,792 4,111 2,280,587 2,284,698 Residential real estate 8,161 3,487 2,859 14,507 2,306,314 2,320,821 Consumer 1,048 491 2,388 3,927 403,909 407,836 $ 11,231 $ 6,119 $ 9,286 $ 26,636 $ 6,174,751 $ 6,201,387
Troubled Debt Restructurings	The following table presents information about troubled debt restructurings which occurred during the three months ended March 31, 2020 and 2019 , and troubled debt restructurings modified within the previous year and which defaulted during the three months ended March 31, 2020 and 2019 (dollars in thousands): Number of Loans Pre-modification Recorded Investment Post-modification Recorded Investment Three months ended March 31, 2020 Troubled Debt Restructurings: Consumer 4 $ 159 $ 177 Residential real estate 2 226 234 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Recorded Investment Post-modification Recorded Investment Three Months Ended March 31, 2019 Troubled Debt Restructurings: Residential real estate 3 589 621 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted None None
Financing Receivable, Purchased With Credit Deterioration	The carrying amount of those loans is as follows (in thousands): Two River January 1, 2020 Country Bank January 1, 2020 Purchase price of loans at acquisition $ 26,104 $ 24,667 Allowance for credit losses at acquisition 1,343 1,296 Non-credit discount at acquisition 2,562 5,334 Par value of acquired loans at acquisition $ 30,009 $ 31,297
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period	In accordance with ASC 310, prior to the adoption of ASU 2016-13,the following table summarizes the changes in accretable yield for PCI loans during the three months ended March 31, 2019 (in thousands): Three Months Ended 2019 Beginning balance $ 3,630 Acquisition 1,171 Accretion (653 ) Reclassification from non-accretable difference 45 Ending balance $ 4,193

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2020
Banking and Thrift [Abstract]
Summary of Major Types of Deposits	The major types of deposits at March 31, 2020 and December 31, 2019 were as follows (in thousands): Type of Account March 31, 2020 December 31, 2019 Non-interest-bearing $ 1,783,216 $ 1,377,396 Interest-bearing checking 2,647,487 2,539,428 Money market deposit 620,145 578,147 Savings 1,420,628 898,174 Time deposits 1,420,591 935,632 Total deposits $ 7,892,067 $ 6,328,777

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Financial Assets and Financial Liabilities Measured at Fair Value	The following table summarizes financial assets and financial liabilities measured at fair value as of March 31, 2020 and December 31, 2019 , segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Fair Value Measurements at Reporting Date Using: Total Fair Value Level 1 Inputs Level 2 Inputs Level 3 Inputs March 31, 2020 Items measured on a recurring basis: Debt securities available-for-sale $ 153,738 $ — $ 153,713 $ 25 Equity investments 14,409 14,409 — — Interest rate swap asset 48,612 — 48,612 — Interest rate swap liability (49,501 ) — (49,501 ) — Items measured on a non-recurring basis: Other real estate owned 484 — — 484 Loans measured for impairment based on the fair value of the underlying collateral 15,912 — — 15,912 December 31, 2019 Items measured on a recurring basis: Debt securities available-for-sale $ 150,960 $ — $ 150,935 $ 25 Equity investments 10,136 10,136 — — Interest rate swap asset 10,141 — 10,141 — Interest rate swap liability (10,708 ) — (10,708 ) — Items measured on a non-recurring basis: Other real estate owned 264 — — 264 Loans measured for impairment based on the fair value of the underlying collateral 8,794 — — 8,794
Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value	The book value and estimated fair value of the Bank’s significant financial instruments not recorded at fair value as of March 31, 2020 and December 31, 2019 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: Book Value Level 1 Inputs Level 2 Inputs Level 3 Inputs March 31, 2020 Financial Assets: Cash and due from banks $ 256,470 $ 256,470 $ — $ — Debt securities held-to-maturity 914,255 — 926,097 2,485 Restricted equity investments 81,005 — — 81,005 Loans receivable, net and loans held-for-sale 7,931,323 — — 8,027,963 Financial Liabilities: Deposits other than time deposits 6,471,476 — 6,471,476 — Time deposits 1,420,591 — 1,440,462 — Federal Home Loan Bank advances and other borrowings 946,037 — 964,847 — Securities sold under agreements to repurchase with retail customers 90,175 90,175 — — December 31, 2019 Financial Assets: Cash and due from banks $ 120,544 $ 120,544 $ — $ — Debt securities held-to-maturity 768,873 — 774,805 2,485 Restricted equity investments 62,356 — — 62,356 Loans receivable, net and loans held-for-sale 6,207,680 — — 6,173,237 Financial Liabilities: Deposits other than time deposits 5,393,145 — 5,393,145 — Time deposits 935,632 — 936,318 — Federal Home Loan Bank advances and other borrowings 616,061 — 626,225 — Securities sold under agreements to repurchase with retail customers 71,739 71,739 — —

Derivatives, Hedging Activiti_2

Derivatives, Hedging Activities, and Other Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts and Fair Value of Outstanding Derivative Positions	The table below presents the fair value of derivatives not designated as hedging instruments as well as their location on the consolidated statements of financial condition (in thousands): Fair Value Balance Sheet Location March 31, 2020 December 31, 2019 Other assets $ 48,612 $ 10,141 Other liabilities 48,877 10,708

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Right-of-Use Assets and Lease Liabilities	The following table represents the classification of the Company’s ROU assets and lease liabilities on the consolidated statements of financial condition (in thousands): March 31, 2020 December 31, 2019 Lease ROU Assets Classification Operating lease ROU asset Other assets $ 27,037 $ 18,682 Finance lease ROU asset Premises and equipment, net 1,494 1,534 Total Lease ROU Asset $ 28,531 $ 20,216 Lease Liabilities Operating lease liability Other liabilities $ 27,322 $ 18,893 Finance lease liability Other borrowings 1,906 1,953 Total Lease Liability $ 29,228 $ 20,846
Schedule of Weighted Average Remaining Lease Term and Discount Rate	March 31, 2020 December 31, 2019 Weighted-Average Remaining Lease Term Operating leases 7.66 years 9.69 years Finance lease 9.35 years 9.60 years Weighted-Average Discount Rate Operating leases 3.00 % 3.45 % Finance lease 5.63 % 5.63 %
Schedule of Lease Costs and Other Lease Information	The following table represents lease expenses and other lease information (in thousands): Three Months Ended Three Months Ended March 31, 2019 Lease Expense Operating Lease Expense $ 1,723 $ 969 Finance Lease Expense: Amortization of ROU assets 40 108 Interest on lease liabilities (1) 27 90 Total $ 1,790 $ 1,167 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,648 $ 934 Operating cash flows from finance leases 27 90 Financing cash flows from finance leases 47 127 (1) Included in borrowed funds interest expense on the consolidated statements of income. All other costs are included in occupancy expense.
Future Minimum Payments for Finance Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2020 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ended March 31, 2021 $ 295 $ 6,570 2022 295 6,271 2023 295 4,046 2024 295 2,785 2025 295 2,456 Thereafter 868 9,199 Total $ 2,343 $ 31,327 Less: Imputed Interest (437 ) (4,005 ) Total Lease Liabilities $ 1,906 $ 27,322
Future Minimum Payments for Operating Leases	Future minimum payments for the finance lease and operating leases with initial or remaining terms of one year or more as of March 31, 2020 were as follows (in thousands): Finance Lease Operating Leases For the Twelve Months Ended March 31, 2021 $ 295 $ 6,570 2022 295 6,271 2023 295 4,046 2024 295 2,785 2025 295 2,456 Thereafter 868 9,199 Total $ 2,343 $ 31,327 Less: Imputed Interest (437 ) (4,005 ) Total Lease Liabilities $ 1,906 $ 27,322

Basis of Presentation - Recentl

Basis of Presentation - Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effect of adopting Accounting Standards Update (ASU)		$ 4
Financing receivable, allowance for credit loss, period increase (decrease)	$ (475)
Debt securities, held-to-maturity, allowance for credit loss, period increase (decrease)	1,300
Decrease in off-balance sheet credit exposure	788
Purchased credit impaired (“PCI”) loans			$ 13,300
Financing receivable, allowance for credit losses, effect of change in method	$ 3,200

Business Combinations - Additio

Business Combinations - Additional Information (Details) $ in Thousands	Jan. 01, 2020USD ($)	Jan. 31, 2019USD ($)	Mar. 31, 2020USD ($)Property
Capital Bank
Business Acquisition [Line Items]
Purchase accounting adjustments, assets		$ 494,416
Purchase accounting adjustments, loans		307,300
Purchase accounting adjustments, deposits		449,018
Total consideration paid		76,834
Cash consideration		353
Core deposit intangible		$ 2,662	$ 2,700
Two River Bancorp Inc.
Business Acquisition [Line Items]
Purchase accounting adjustments, assets	$ 1,112,584
Purchase accounting adjustments, loans	940,836
Purchase accounting adjustments, deposits	941,750
Total consideration paid	197,050
Cash consideration	48,400
Core deposit intangible	12,130		12,100
Country Bank Holding Company, Inc
Business Acquisition [Line Items]
Purchase accounting adjustments, assets	792,897
Purchase accounting adjustments, loans	618,661
Purchase accounting adjustments, deposits	652,653
Total consideration paid	112,836
Core deposit intangible	$ 2,117		$ 2,100
Core Deposits
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			10 years
Capital Bank
Business Acquisition [Line Items]
Number of properties subject to lease agreement | Property			1
Two River Bancorp Inc.
Business Acquisition [Line Items]
Number of properties subject to lease agreement | Property			14
Country Bank Holding Company, Inc
Business Acquisition [Line Items]
Number of properties subject to lease agreement | Property			5

Business Combinations - Summary

Business Combinations - Summary of Assets Acquired and Liabilities Assumed and Their Initial Fair Value Estimates (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Jan. 31, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Balance Sheet Related Disclosures [Abstract]
Loans			$ 7,913,541	$ 6,207,680
Other assets			211,476	169,532
Total assets			10,489,074	8,246,145
Deposits			(7,892,067)	(6,328,777)
Other liabilities			(126,030)	(62,565)
Liabilities			(9,079,240)	(7,093,026)
Total stockholders’ equity			1,409,834	1,153,119	$ 1,127,163	$ 1,039,358
Assets acquired:
Bank Owned Life Insurance			261,270	237,411
Liabilities assumed:
Goodwill recorded in the merger			500,093	374,632
Capital Bank
Estimated Fair Value
Total consideration paid		$ 76,834
Assets acquired:
Cash and cash equivalents		59,748
Securities		103,775
Loans		307,300
Accrued interest receivable		1,390
Bank Owned Life Insurance		10,460
Deferred tax asset		4,101
Other assets		4,980
Core deposit intangible		2,662	2,700
Total assets acquired		494,416
Liabilities assumed:
Deposits		(449,018)
Other liabilities		(5,210)
Total liabilities assumed		(454,228)
Net assets acquired		40,188
Goodwill recorded in the merger		$ 36,646
Two River Bancorp Inc.
Purchase Accounting Adjustments
Securities	$ 1,549
Loans	(49)
Deferred tax asset	(1,850)
Other assets	(2,700)
Core deposit intangible	12,130
Total assets acquired	9,080
Deposits	(2,618)
Other liabilities	(21)
Total liabilities assumed	(2,639)
Net assets acquired	6,441
Estimated Fair Value
Total consideration paid	197,050
Assets acquired:
Cash and cash equivalents	51,102
Securities	64,381
Loans	940,836
Accrued interest receivable	2,382
Bank Owned Life Insurance	22,440
Deferred tax asset	3,351
Other assets	15,962
Core deposit intangible	12,130		12,100
Total assets acquired	1,112,584
Liabilities assumed:
Deposits	(941,750)
Other liabilities	(58,956)
Total liabilities assumed	(1,000,706)
Net assets acquired	111,878
Goodwill recorded in the merger	85,172
Country Bank Holding Company, Inc
Purchase Accounting Adjustments
Securities	39
Loans	4,376
Deferred tax asset	(897)
Other assets	(1,134)
Core deposit intangible	2,117
Total assets acquired	4,501
Deposits	(3,254)
Other liabilities	1,980
Total liabilities assumed	(1,274)
Net assets acquired	3,227
Estimated Fair Value
Total consideration paid	112,836
Assets acquired:
Cash and cash equivalents	20,799
Securities	144,499
Loans	618,661
Accrued interest receivable	1,779
Deferred tax asset	(4,151)
Other assets	9,193
Core deposit intangible	2,117		$ 2,100
Total assets acquired	792,897
Liabilities assumed:
Deposits	(652,653)
Other liabilities	(67,264)
Total liabilities assumed	(719,917)
Net assets acquired	72,980
Goodwill recorded in the merger	$ 39,856
Two River Bancorp Inc.
Balance Sheet Related Disclosures [Abstract]
Cash and cash equivalents				51,102
Securities				62,832
Loans				940,885
Accrued interest receivable				2,382
Deferred income tax asset				5,201
Other assets				18,662
Total assets				1,103,504
Deposits				(939,132)
Other liabilities				(58,935)
Liabilities				(998,067)
Total stockholders’ equity				105,437
Assets acquired:
Bank Owned Life Insurance				22,440
Country Bank Holding Company, Inc
Balance Sheet Related Disclosures [Abstract]
Cash and cash equivalents				20,799
Securities				144,460
Loans				614,285
Accrued interest receivable				1,779
Deferred income tax asset				(3,254)
Other assets				10,327
Total assets				788,396
Deposits				(649,399)
Other liabilities				(69,244)
Liabilities				(718,643)
Total stockholders’ equity				$ 69,753

Business Combinations - Schedul

Business Combinations - Schedule of Supplemental Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings per share, Pro forma:
Net interest income, Pro forma		$ 84,302
Provision for loan losses, Pro forma		1,095
Non-interest income, Pro forma		10,963
Non-interest expense, Pro forma		58,535
Provision (benefit) for income taxes, Pro forma		6,506
Net income, Pro forma		$ 29,129
Fully diluted, Pro forma (in usd per share)		$ 0.47
Two River Bancorp Inc.
Earnings per share, Actual:
Net interest income, Actual	$ 10,650
Provision for loan losses, Actual	210
Non-interest income, Actual	558
Non-interest expense, Actual	11,630
Provision (benefit) for income taxes, Actual	(167)
Net income, Actual	(465)
Country Bank Holding Company, Inc
Earnings per share, Actual:
Net interest income, Actual	6,507
Provision for loan losses, Actual	126
Non-interest income, Actual	162
Non-interest expense, Actual	5,488
Provision (benefit) for income taxes, Actual	589
Net income, Actual	$ 466
Capital Bank
Earnings per share, Actual:
Net interest income, Actual		$ 3,172
Provision for loan losses, Actual		70
Non-interest income, Actual		199
Non-interest expense, Actual		6,439
Provision (benefit) for income taxes, Actual		(6)
Net income, Actual		$ (3,132)

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Shares Outstanding for Basic and Diluted Earnings per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Weighted average shares outstanding (in shares)	60,362	50,099
Less: Unallocated ESOP shares (in shares)	(460)	(517)
Unallocated incentive award shares and shares held by deferred compensation plan (in shares)	(26)	(56)
Average basic shares outstanding (in shares)	59,876	49,526
Add: Effect of dilutive securities:
Incentive awards and shares held by deferred compensation plan (in shares)	603	624
Average diluted shares outstanding (in shares)	60,479	50,150

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Antidilutive stock options excluded from earnings per share calculations (shares)	1,033	1,083

Securities - Amortized Cost and

Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities Financing Transaction [Line Items]
Available-for-sale, Amortized Cost	$ 149,683	$ 149,640
Available-for-sale, Gross Unrealized Gains	4,059	1,413
Available-for-sale, Gross Unrealized Losses	(4)	(93)
Available-for-sale, Estimated Fair Value	153,738	150,960
Amortized Cost	920,687	772,975
Held-to-maturity, Amortized Cost	920,687
Held-to-maturity, Gross Unrealized Gains	19,053	8,224
Held-to-maturity, Gross Unrealized Losses	(11,158)	(3,909)
Estimated Fair Value	928,582	777,290
Allowance for Credit Losses	(2,529)	0
Total, Amortized Cost	1,070,370	922,615
Total, Gross Unrealized Gains	23,112	9,637
Total, Gross Unrealized Losses	(11,162)	(4,002)
Total, Estimated Fair Value	1,082,320	928,250
Investment securities
Securities Financing Transaction [Line Items]
Available-for-sale, Amortized Cost	149,286	149,145
Available-for-sale, Gross Unrealized Gains	4,051	1,408
Available-for-sale, Gross Unrealized Losses	(4)	(93)
Available-for-sale, Estimated Fair Value	153,333	150,460
Amortized Cost		208,961
Held-to-maturity, Amortized Cost	320,682
Held-to-maturity, Gross Unrealized Gains	3,578	2,384
Held-to-maturity, Gross Unrealized Losses	(8,993)	(2,629)
Estimated Fair Value	315,267	208,716
Allowance for Credit Losses	(1,686)
U.S. government and agency obligations | Investment securities
Securities Financing Transaction [Line Items]
Available-for-sale, Amortized Cost	149,261	149,120
Available-for-sale, Gross Unrealized Gains	4,051	1,408
Available-for-sale, Gross Unrealized Losses	(4)	(93)
Available-for-sale, Estimated Fair Value	153,308	150,435
Amortized Cost		4,984
Held-to-maturity, Amortized Cost	6,238
Held-to-maturity, Gross Unrealized Gains	54	14
Held-to-maturity, Gross Unrealized Losses	0	0
Estimated Fair Value	6,292	4,998
Allowance for Credit Losses	0
State and municipal obligations | Investment securities
Securities Financing Transaction [Line Items]
Available-for-sale, Amortized Cost	25	25
Available-for-sale, Gross Unrealized Gains	0	0
Available-for-sale, Gross Unrealized Losses	0	0
Available-for-sale, Estimated Fair Value	25	25
Amortized Cost		124,430
Held-to-maturity, Amortized Cost	232,167
Held-to-maturity, Gross Unrealized Gains	3,014	1,537
Held-to-maturity, Gross Unrealized Losses	(425)	(208)
Estimated Fair Value	234,756	125,759
Allowance for Credit Losses	(35)
Corporate debt securities
Securities Financing Transaction [Line Items]
Amortized Cost	38,332
Estimated Fair Value	31,292
Corporate debt securities | Investment securities
Securities Financing Transaction [Line Items]
Amortized Cost		79,547
Held-to-maturity, Amortized Cost	82,277
Held-to-maturity, Gross Unrealized Gains	510	833
Held-to-maturity, Gross Unrealized Losses	(8,568)	(2,421)
Estimated Fair Value	74,219	77,959
Allowance for Credit Losses	(1,651)
Mortgage-backed securities
Securities Financing Transaction [Line Items]
Amortized Cost		564,014
Held-to-maturity, Amortized Cost	600,005
Held-to-maturity, Gross Unrealized Gains	15,475	5,840
Held-to-maturity, Gross Unrealized Losses	(2,165)	(1,280)
Estimated Fair Value	613,315	568,574
Allowance for Credit Losses	(843)	0
Mortgage-backed securities | FHLMC
Securities Financing Transaction [Line Items]
Amortized Cost		206,985
Held-to-maturity, Amortized Cost	198,263
Held-to-maturity, Gross Unrealized Gains	5,835	2,221
Held-to-maturity, Gross Unrealized Losses	(30)	(524)
Estimated Fair Value	204,068	208,682
Allowance for Credit Losses	0
Mortgage-backed securities | FNMA
Securities Financing Transaction [Line Items]
Available-for-sale, Amortized Cost	397	495
Available-for-sale, Gross Unrealized Gains	8	5
Available-for-sale, Gross Unrealized Losses	0	0
Available-for-sale, Estimated Fair Value	405	500
Amortized Cost		244,428
Held-to-maturity, Amortized Cost	240,839
Held-to-maturity, Gross Unrealized Gains	7,604	2,680
Held-to-maturity, Gross Unrealized Losses	(165)	(493)
Estimated Fair Value	248,278	246,615
Allowance for Credit Losses	0
Mortgage-backed securities | GNMA
Securities Financing Transaction [Line Items]
Amortized Cost		110,661
Held-to-maturity, Amortized Cost	104,891
Held-to-maturity, Gross Unrealized Gains	2,027	939
Held-to-maturity, Gross Unrealized Losses	(416)	(212)
Estimated Fair Value	106,502	111,388
Allowance for Credit Losses	0
Mortgage-backed securities | SBA
Securities Financing Transaction [Line Items]
Amortized Cost		1,940
Held-to-maturity, Amortized Cost	6,108
Held-to-maturity, Gross Unrealized Gains	9	0
Held-to-maturity, Gross Unrealized Losses	(46)	(51)
Estimated Fair Value	6,071	$ 1,889
Allowance for Credit Losses	0
Mortgage-backed securities | CMO
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	49,904
Held-to-maturity, Gross Unrealized Gains	0
Held-to-maturity, Gross Unrealized Losses	(1,508)
Estimated Fair Value	48,396
Allowance for Credit Losses	$ (843)

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2013	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, allowance for credit loss	$ 0
Available-for-sale securities transferred to held-to-maturity securities			$ 536,000,000
Unrealized net loss on securities transferred from available-for-sale to held-to-maturity, Gross			$ 13,300,000
Realized gains on the sale of available-for-sale securities	0	$ 0
Realized losses on the sale of available-for-sale securities	0	$ 0
Corporate debt securities, callable, amortized cost	57,000,000
Corporate debt securities, callable, estimated fair value	49,000,000
Securities pledged for other debt obligations, at fair value	455,600,000			$ 475,600,000
Reverse Repurchase Agreement
Debt Securities, Available-for-sale [Line Items]
Securities pledged for repurchase agreements, at fair value	$ 92,600,000			$ 81,400,000

Securities - Allowance for Cred

Securities - Allowance for Credit Losses (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0
Total ending allowance balance	(2,529)
Investment securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	0
Provision for credit loss expense	(418)
Total ending allowance balance	(1,686)
Mortgage-backed securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	0
Provision for credit loss expense	(843)
Total ending allowance balance	(843)
Cumulative Effect, Period Of Adoption, Adjustment | Investment securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	(1,268)
Cumulative Effect, Period Of Adoption, Adjustment | Mortgage-backed securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0

Securities - Carrying Value of

Securities - Carrying Value of Held-to-Maturity Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Amortized cost	$ 920,687	$ 772,975
Net loss on date of transfer from available-for-sale	(13,347)	(13,347)
Debt securities, held to maturity, allowance for credit losses	(2,529)	0
Accretion of net unrealized loss on securities reclassified as held-to-maturity	9,444	9,245
Carrying value	$ 914,255	$ 768,873

Securities - Amortized Cost a_2

Securities - Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity (Details) $ in Thousands	Mar. 31, 2020USD ($)
Amortized Cost
Less than one year, Amortized Cost	$ 82,453
Due after one year through five years, Amortized Cost	199,795
Due after five years through ten years, Amortized Cost	77,653
Due after ten years, Amortized Cost	110,067
Total Amortized Cost	469,968
Estimated Fair Value
Less than one year, Estimated Fair Value	82,780
Due after one year through five years, Estimated Fair Value	204,837
Due after five years through ten years, Estimated Fair Value	70,576
Due after ten years, Estimated Fair Value	110,407
Total Estimated Fair Value	$ 468,600

Securities - Estimated Fair Val

Securities - Estimated Fair Value and Unrealized Loss for Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less thank 12 months, Estimated Fair Value	$ 4,900	$ 25,021
Available-for-sale, Less than 12 Months, Unrealized Losses	(4)	(54)
Available-for-sale, 12 months or longer, Estimated Fair Value	0	22,451
Available-for-sale, 12 months or longer, Unrealized Losses	0	(39)
Available-for-sale, Total, Estimated Fair Value	4,900	47,472
Available-for-sale, Total, Unrealized Losses	(4)	(93)
Held-to-maturity, Less than 12 months, Estimated Fair Value	145,783	67,314
Held-to-maturity, Less than 12 months, Unrealized Losses	(3,725)	(452)
Held-to-maturity, 12 months or longer, Estimated Fair Value	51,025	151,085
Held-to-maturity, 12 months or longer, Unrealized Losses	(7,433)	(3,457)
Held-to-maturity, Total, Estimated Fair Value	196,808	218,399
Held-to-maturity, Total, Unrealized Losses	(11,158)	(3,909)
Total securities, Less than 12 months, Estimated Fair Value	150,683	92,335
Total securities, Less than 12 months, Unrealized Losses	(3,729)	(506)
Total securities, 12 months or longer, Estimated Fair Value	51,025	173,536
Total securities, 12 months or longer, Unrealized Losses	(7,433)	(3,496)
Total securities, Estimated Fair Value	201,708	265,871
Total securities, Unrealized Losses	(11,162)	(4,002)
Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	58,971	17,035
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,775)	(271)
Held-to-maturity, 12 months or longer, Estimated Fair Value	39,824	52,159
Held-to-maturity, 12 months or longer, Unrealized Losses	(7,218)	(2,358)
Held-to-maturity, Total, Estimated Fair Value	98,795	69,194
Held-to-maturity, Total, Unrealized Losses	(8,993)	(2,629)
U.S. government and agency obligations | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less thank 12 months, Estimated Fair Value	4,900	25,021
Available-for-sale, Less than 12 Months, Unrealized Losses	(4)	(54)
Available-for-sale, 12 months or longer, Estimated Fair Value	0	22,451
Available-for-sale, 12 months or longer, Unrealized Losses	0	(39)
Available-for-sale, Total, Estimated Fair Value	4,900	47,472
Available-for-sale, Total, Unrealized Losses	(4)	(93)
Held-to-maturity, Less than 12 months, Estimated Fair Value	0
Held-to-maturity, Less than 12 months, Unrealized Losses	0
Held-to-maturity, 12 months or longer, Estimated Fair Value	0
Held-to-maturity, 12 months or longer, Unrealized Losses	0
Held-to-maturity, Total, Estimated Fair Value	0
Held-to-maturity, Total, Unrealized Losses	0	0
Mortgage-backed securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	86,812	50,279
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,950)	(181)
Held-to-maturity, 12 months or longer, Estimated Fair Value	11,201	98,926
Held-to-maturity, 12 months or longer, Unrealized Losses	(215)	(1,099)
Held-to-maturity, Total, Estimated Fair Value	98,013	149,205
Held-to-maturity, Total, Unrealized Losses	(2,165)	(1,280)
Mortgage-backed securities | FHLMC
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	1,653	6,329
Held-to-maturity, Less than 12 months, Unrealized Losses	(22)	(29)
Held-to-maturity, 12 months or longer, Estimated Fair Value	1,772	38,641
Held-to-maturity, 12 months or longer, Unrealized Losses	(8)	(495)
Held-to-maturity, Total, Estimated Fair Value	3,425	44,970
Held-to-maturity, Total, Unrealized Losses	(30)	(524)
Mortgage-backed securities | FNMA
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	20,857	13,682
Held-to-maturity, Less than 12 months, Unrealized Losses	(154)	(59)
Held-to-maturity, 12 months or longer, Estimated Fair Value	444	38,568
Held-to-maturity, 12 months or longer, Unrealized Losses	(11)	(434)
Held-to-maturity, Total, Estimated Fair Value	21,301	52,250
Held-to-maturity, Total, Unrealized Losses	(165)	(493)
Mortgage-backed securities | GNMA
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	15,906	30,268
Held-to-maturity, Less than 12 months, Unrealized Losses	(266)	(93)
Held-to-maturity, 12 months or longer, Estimated Fair Value	7,222	19,828
Held-to-maturity, 12 months or longer, Unrealized Losses	(150)	(119)
Held-to-maturity, Total, Estimated Fair Value	23,128	50,096
Held-to-maturity, Total, Unrealized Losses	(416)	(212)
Mortgage-backed securities | SBA
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	0	0
Held-to-maturity, Less than 12 months, Unrealized Losses	0	0
Held-to-maturity, 12 months or longer, Estimated Fair Value	1,763	1,889
Held-to-maturity, 12 months or longer, Unrealized Losses	(46)	(51)
Held-to-maturity, Total, Estimated Fair Value	1,763	1,889
Held-to-maturity, Total, Unrealized Losses	(46)	(51)
Mortgage-backed securities | CMO
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	48,396
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,508)
Held-to-maturity, 12 months or longer, Estimated Fair Value	0
Held-to-maturity, 12 months or longer, Unrealized Losses	0
Held-to-maturity, Total, Estimated Fair Value	48,396
Held-to-maturity, Total, Unrealized Losses	(1,508)
State and municipal obligations | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	38,712	7,308
Held-to-maturity, Less than 12 months, Unrealized Losses	(247)	(58)
Held-to-maturity, 12 months or longer, Estimated Fair Value	8,532	14,531
Held-to-maturity, 12 months or longer, Unrealized Losses	(178)	(150)
Held-to-maturity, Total, Estimated Fair Value	47,244	21,839
Held-to-maturity, Total, Unrealized Losses	(425)	(208)
Corporate debt securities | Investment securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	20,259	9,727
Held-to-maturity, Less than 12 months, Unrealized Losses	(1,528)	(213)
Held-to-maturity, 12 months or longer, Estimated Fair Value	31,292	37,628
Held-to-maturity, 12 months or longer, Unrealized Losses	(7,040)	(2,208)
Held-to-maturity, Total, Estimated Fair Value	51,551	47,355
Held-to-maturity, Total, Unrealized Losses	$ (8,568)	$ (2,421)

Securities - Amortized Cost, Es

Securities - Amortized Cost, Estimated Fair Value and Credit Rating of Corporate Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 920,687	$ 772,975
Estimated Fair Value	928,582	$ 777,290
Chase Capital
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	10,000
Estimated Fair Value	$ 8,300
Credit Rating Moody’s/ S&P	Baa1/BBB-
Wells Fargo Capital
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,200
Credit Rating Moody’s/ S&P	A1/BBB
Huntington Capital
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 3,850
Credit Rating Moody’s/ S&P	Baa2/BB+
Keycorp Capital
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,100
Credit Rating Moody’s/ S&P	Baa2/BB+
PNC Capital
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,010
Credit Rating Moody’s/ S&P	Baa1/BBB-
State Street Capital
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 3,332
Estimated Fair Value	$ 2,732
Credit Rating Moody’s/ S&P	A3/BBB
SunTrust Capital
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,100
Credit Rating Moody’s/ S&P	Not Rated/BBB-
Corporate debt securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 38,332
Estimated Fair Value	$ 31,292

Securities - Credit Quality Ind

Securities - Credit Quality Indicator (Details) $ in Thousands	Mar. 31, 2020USD ($)
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 920,687
Mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	600,005
Investment And CMO Mortgage-Backed Securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	370,586
Investment And CMO Mortgage-Backed Securities | AAA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	58,787
Investment And CMO Mortgage-Backed Securities | AA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	176,345
Investment And CMO Mortgage-Backed Securities | A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	66,816
Investment And CMO Mortgage-Backed Securities | BBB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	58,107
Investment And CMO Mortgage-Backed Securities | BB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	10,531
Investment securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	320,682
Investment securities | AAA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	41,863
Investment securities | AA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	143,365
Investment securities | A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	66,816
Investment securities | BBB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	58,107
Investment securities | BB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	10,531
Investment securities | U.S. government and agency obligations
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	6,238
Investment securities | U.S. government and agency obligations | AAA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Investment securities | U.S. government and agency obligations | AA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	6,238
Investment securities | U.S. government and agency obligations | A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Investment securities | U.S. government and agency obligations | BBB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Investment securities | U.S. government and agency obligations | BB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Investment securities | State and municipal obligations
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	232,167
Investment securities | State and municipal obligations | AAA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	41,863
Investment securities | State and municipal obligations | AA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	135,634
Investment securities | State and municipal obligations | A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	49,366
Investment securities | State and municipal obligations | BBB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	5,304
Investment securities | State and municipal obligations | BB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Investment securities | Corporate debt securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	82,277
Investment securities | Corporate debt securities | AAA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
Investment securities | Corporate debt securities | AA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	1,493
Investment securities | Corporate debt securities | A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	17,450
Investment securities | Corporate debt securities | BBB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	52,803
Investment securities | Corporate debt securities | BB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	10,531
CMO | Mortgage-backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	49,904
CMO | Mortgage-backed securities | AAA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	16,924
CMO | Mortgage-backed securities | AA
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	32,980
CMO | Mortgage-backed securities | A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
CMO | Mortgage-backed securities | BBB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	0
CMO | Mortgage-backed securities | BB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 0

Loans Receivable, Net - Compone

Loans Receivable, Net - Components of Loans Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	$ 7,932,590	$ 6,214,652
Deferred origination costs, net	10,586	9,880
Loan receivable, allowance for credit losses	29,635	16,852	$ 16,705	$ 16,577
Total loans, net	7,913,541	6,207,680
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	5,055,405	3,485,497
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	502,760	396,434
Commercial | Commercial real estate – owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	1,220,983	792,653
Commercial | Commercial real estate – investor
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	3,331,662	2,296,410
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	2,877,185	2,729,155
Loan receivable, allowance for credit losses	4,314	591	$ 367	$ 486
Consumer | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	2,458,641	2,321,157
Consumer | Home equity loans and lines
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	335,624	318,576
Consumer | Other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans	$ 82,920	$ 89,422

Loans Receivable, Net - Credit

Loans Receivable, Net - Credit Grades and Risk Characteristics (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 413,599
2019	1,506,439
2018	1,080,978
2017	966,010
2016	748,449
2015 and prior	2,882,253
Revolving lines of credit	334,862
Total	7,932,590	$ 6,214,652
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2020	8,118
2019	61,109
2018	64,241
2017	49,781
2016	47,835
2015 and prior	119,314
Revolving lines of credit	152,362
Total	502,760
Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2020	59,276
2019	156,574
2018	138,786
2017	146,916
2016	140,063
2015 and prior	556,502
Revolving lines of credit	22,866
Total	1,220,983
Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
2020	200,651
2019	663,009
2018	410,844
2017	514,110
2016	356,544
2015 and prior	1,029,384
Revolving lines of credit	157,120
Total	3,331,662
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,877,185	2,729,155
Pass | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2020	7,718
2019	61,109
2018	60,217
2017	47,452
2016	47,051
2015 and prior	111,383
Revolving lines of credit	147,529
Total	482,459
Pass | Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2020	59,276
2019	154,245
2018	138,376
2017	143,086
2016	136,276
2015 and prior	531,105
Revolving lines of credit	22,560
Total	1,184,924
Pass | Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
2020	200,651
2019	662,802
2018	410,180
2017	511,079
2016	345,525
2015 and prior	983,984
Revolving lines of credit	144,341
Total	3,258,562
Special Mention | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	112
2017	832
2016	712
2015 and prior	54
Revolving lines of credit	800
Total	2,510
Special Mention | Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	191
2018	0
2017	1,399
2016	1,396
2015 and prior	1,439
Revolving lines of credit	306
Total	4,731
Special Mention | Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	29
2018	0
2017	3,031
2016	5,950
2015 and prior	19,709
Revolving lines of credit	8,768
Total	37,487
Substandard | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2020	400
2019	0
2018	3,912
2017	1,497
2016	72
2015 and prior	7,877
Revolving lines of credit	4,033
Total	17,791
Substandard | Commercial real estate – owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	2,138
2018	410
2017	2,431
2016	2,391
2015 and prior	23,958
Revolving lines of credit	0
Total	31,328
Substandard | Commercial real estate – investor
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	178
2018	664
2017	0
2016	5,069
2015 and prior	25,691
Revolving lines of credit	4,011
Total	35,613
Residential real estate | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	138,889
2019	588,723
2018	347,761
2017	220,845
2016	182,685
2015 and prior	979,738
Revolving lines of credit	0
Total	2,458,641	$ 2,321,157
Residential real estate | Pass | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	138,889
2019	588,723
2018	347,761
2017	220,624
2016	182,541
2015 and prior	976,664
Revolving lines of credit	0
Total	2,455,202
Residential real estate | Special Mention | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	221
2016	144
2015 and prior	3,074
Revolving lines of credit	0
Total	3,439
Residential real estate | Substandard | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	0
Total	0
Home Equity Lines and Other Consumer Loans | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	6,665
2019	37,024
2018	119,346
2017	34,358
2016	21,322
2015 and prior	197,315
Revolving lines of credit	2,514
Total	418,544
Home Equity Lines and Other Consumer Loans | Pass | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	6,665
2019	37,024
2018	119,311
2017	34,358
2016	21,322
2015 and prior	194,187
Revolving lines of credit	2,514
Total	415,381
Home Equity Lines and Other Consumer Loans | Special Mention | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	530
Revolving lines of credit	0
Total	530
Home Equity Lines and Other Consumer Loans | Substandard | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	35
2017	0
2016	0
2015 and prior	2,598
Revolving lines of credit	0
Total	$ 2,633

Loans Receivable, Net - Allowan

Loans Receivable, Net - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method Excluding PCI Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Allowance for loan losses
Balance at beginning of period	$ 16,852	$ 16,577
Credit loss expense	8,597
Initial allowance for credit losses on PCD loans	2,639
Credit loss expense	9,969	620
Charge-offs	(1,384)	(868)
Recoveries	230	376
Balance at end of period	29,635	16,705
Ending allowance balance attributed to loans
Individually evaluated for impairment				$ 476
Collectively evaluated for impairment				16,376
Total ending allowance balance	16,852	16,705	$ 29,635	16,852
Loans
Loans individually evaluated for impairment				26,510
Loans collectively evaluated for impairment				6,174,877
Total loans			7,932,590	6,201,387
Commercial and Industrial
Allowance for loan losses
Balance at beginning of period	1,458	1,609
Credit loss expense	1,529
Initial allowance for credit losses on PCD loans	1,221
Credit loss expense		(19)
Charge-offs	0	0
Recoveries	25	57
Balance at end of period	6,649	1,647
Ending allowance balance attributed to loans
Individually evaluated for impairment				0
Collectively evaluated for impairment				1,458
Total ending allowance balance	6,649	1,647	6,649	1,458
Loans
Loans individually evaluated for impairment				243
Loans collectively evaluated for impairment				395,848
Total loans			502,760	396,091
Commercial real estate – owner occupied
Allowance for loan losses
Balance at beginning of period	2,893	2,277
Credit loss expense	1,286
Initial allowance for credit losses on PCD loans	26
Credit loss expense		1,550
Charge-offs	0	(389)
Recoveries	0	0
Balance at end of period	3,096	3,438
Ending allowance balance attributed to loans
Individually evaluated for impairment				474
Collectively evaluated for impairment				2,419
Total ending allowance balance	3,096	3,438	3,096	2,893
Loans
Loans individually evaluated for impairment				6,163
Loans collectively evaluated for impairment				785,778
Total loans			1,220,983	791,941
Commercial Real Estate – Investor
Allowance for loan losses
Balance at beginning of period	9,883	8,770
Credit loss expense	2,377
Initial allowance for credit losses on PCD loans	260
Credit loss expense		(802)
Charge-offs	0	(21)
Recoveries	34	295
Balance at end of period	7,159	8,242
Ending allowance balance attributed to loans
Individually evaluated for impairment				0
Collectively evaluated for impairment				9,883
Total ending allowance balance	7,159	8,242	7,159	9,883
Loans
Loans individually evaluated for impairment				5,584
Loans collectively evaluated for impairment				2,279,114
Total loans			3,331,662	2,284,698
Residential Real Estate
Allowance for loan losses
Balance at beginning of period	2,002	2,413
Credit loss expense	3,585
Initial allowance for credit losses on PCD loans	109
Credit loss expense		(23)
Charge-offs	(1,275)	(427)
Recoveries	163	2
Balance at end of period	8,417	1,965
Ending allowance balance attributed to loans
Individually evaluated for impairment				0
Collectively evaluated for impairment				2,002
Total ending allowance balance	8,417	1,965	8,417	2,002
Loans
Loans individually evaluated for impairment				11,009
Loans collectively evaluated for impairment				2,309,812
Total loans			2,458,641	2,320,821
Consumer
Allowance for loan losses
Balance at beginning of period	591	486
Credit loss expense	(180)
Initial allowance for credit losses on PCD loans	1,023
Credit loss expense		(110)
Charge-offs	(109)	(31)
Recoveries	8	22
Balance at end of period	4,314	367
Ending allowance balance attributed to loans
Individually evaluated for impairment				2
Collectively evaluated for impairment				589
Total ending allowance balance	4,314	367	4,314	591
Loans
Loans individually evaluated for impairment				3,511
Loans collectively evaluated for impairment				404,325
Total loans			418,544	407,836
Unallocated
Allowance for loan losses
Balance at beginning of period	25	1,022
Credit loss expense	0
Credit loss expense		24
Charge-offs	0	0
Recoveries	0	0
Balance at end of period	0	1,046
Ending allowance balance attributed to loans
Individually evaluated for impairment				0
Collectively evaluated for impairment				25
Total ending allowance balance	0	$ 1,046	$ 0	25
Loans
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				0
Total loans				0
Cumulative Effect, Period Of Adoption, Adjustment
Allowance for loan losses
Balance at beginning of period	2,701
Ending allowance balance attributed to loans
Total ending allowance balance	2,701			2,701
Cumulative Effect, Period Of Adoption, Adjustment | Commercial and Industrial
Allowance for loan losses
Balance at beginning of period	2,416
Ending allowance balance attributed to loans
Total ending allowance balance	2,416			2,416
Cumulative Effect, Period Of Adoption, Adjustment | Commercial real estate – owner occupied
Allowance for loan losses
Balance at beginning of period	(1,109)
Ending allowance balance attributed to loans
Total ending allowance balance	(1,109)			(1,109)
Cumulative Effect, Period Of Adoption, Adjustment | Commercial Real Estate – Investor
Allowance for loan losses
Balance at beginning of period	(5,395)
Ending allowance balance attributed to loans
Total ending allowance balance	(5,395)			(5,395)
Cumulative Effect, Period Of Adoption, Adjustment | Residential Real Estate
Allowance for loan losses
Balance at beginning of period	3,833
Ending allowance balance attributed to loans
Total ending allowance balance	3,833			3,833
Cumulative Effect, Period Of Adoption, Adjustment | Consumer
Allowance for loan losses
Balance at beginning of period	2,981
Ending allowance balance attributed to loans
Total ending allowance balance	2,981			2,981
Cumulative Effect, Period Of Adoption, Adjustment | Unallocated
Allowance for loan losses
Balance at beginning of period	(25)
Ending allowance balance attributed to loans
Total ending allowance balance	$ (25)			$ (25)

Loans Receivable, Net - Summary

Loans Receivable, Net - Summary of Loans Individually Evaluated for Impairment by Loan Portfolio Segment Excluding PCI Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Recorded Investment		$ 26,500
With no related allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		25,735
Recorded Investment		24,313
Allowance for Loan Losses Allocated		0
Average Recorded Investment	$ 29,875
Interest Income Recognized	358
With an allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		2,378
Recorded Investment		2,197
Allowance for Loan Losses Allocated		476
Average Recorded Investment	2,250
Interest Income Recognized	36
Commercial and Industrial | With no related allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		265
Recorded Investment		243
Allowance for Loan Losses Allocated		0
Average Recorded Investment	938
Interest Income Recognized	3
Commercial and Industrial | With an allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		0
Recorded Investment		0
Allowance for Loan Losses Allocated		0
Average Recorded Investment	0
Interest Income Recognized	0
Commercial real estate – owner occupied | With no related allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		4,062
Recorded Investment		3,968
Allowance for Loan Losses Allocated		0
Average Recorded Investment	4,153
Interest Income Recognized	42
Commercial real estate – owner occupied | With an allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		2,376
Recorded Investment		2,195
Allowance for Loan Losses Allocated		474
Average Recorded Investment	2,250
Interest Income Recognized	36
Commercial real estate – investor | With no related allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		6,665
Recorded Investment		5,584
Allowance for Loan Losses Allocated		0
Average Recorded Investment	11,667
Interest Income Recognized	136
Commercial real estate – investor | With an allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		0
Recorded Investment		0
Allowance for Loan Losses Allocated		0
Average Recorded Investment	0
Interest Income Recognized	0
Residential real estate | With no related allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		11,009
Recorded Investment		11,009
Allowance for Loan Losses Allocated		0
Average Recorded Investment	10,046
Interest Income Recognized	131
Residential real estate | With an allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		0
Recorded Investment		0
Allowance for Loan Losses Allocated		0
Average Recorded Investment	0
Interest Income Recognized	0
Consumer | With no related allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		3,734
Recorded Investment		3,509
Allowance for Loan Losses Allocated		0
Average Recorded Investment	3,071
Interest Income Recognized	46
Consumer | With an allowance recorded
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		2
Recorded Investment		2
Allowance for Loan Losses Allocated		$ 2
Average Recorded Investment	0
Interest Income Recognized	$ 0

Loans Receivable, Net - Recorde

Loans Receivable, Net - Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 23,889	$ 17,849
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	782	207
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	4,219	4,811
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	9,123	2,917
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	6,690	7,181
Consumer
Financing Receivable, Past Due [Line Items]
Loans with non-accrual of interest	$ 3,075	$ 2,733

Loans Receivable, Net - Aging o

Loans Receivable, Net - Aging of Recorded Investment in Past Due Loans Excluding PCI Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 70,420	$ 26,636
Greater than 90 Days Past Due	13,932	9,286
Loans Not Past Due	7,862,170	6,174,751
Total loans	7,932,590	6,201,387
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	51,275	11,231
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	5,213	6,119
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Total Past Due	3,834	307
Greater than 90 Days Past Due	207	207
Loans Not Past Due	498,926	395,784
Total loans	502,760	396,091
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	3,052	100
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	575	0
Commercial real estate – owner occupied
Financing Receivable, Past Due [Line Items]
Total Past Due	10,582	3,784
Greater than 90 Days Past Due	392	1,040
Loans Not Past Due	1,210,401	788,157
Total loans	1,220,983	791,941
Commercial real estate – owner occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	8,883	1,541
Commercial real estate – owner occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,307	1,203
Commercial real estate – investor
Financing Receivable, Past Due [Line Items]
Total Past Due	29,213	4,111
Greater than 90 Days Past Due	7,466	2,792
Loans Not Past Due	3,302,449	2,280,587
Total loans	3,331,662	2,284,698
Commercial real estate – investor | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	19,152	381
Commercial real estate – investor | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,595	938
Residential real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	21,803	14,507
Greater than 90 Days Past Due	3,234	2,859
Loans Not Past Due	2,436,838	2,306,314
Total loans	2,458,641	2,320,821
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	18,363	8,161
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	206	3,487
Consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	4,988	3,927
Greater than 90 Days Past Due	2,633	2,388
Loans Not Past Due	413,556	403,909
Total loans	418,544	407,836
Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,825	1,048
Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 530	$ 491

Loans Receivable, Net - Trouble

Loans Receivable, Net - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2020USD ($)SecurityLoan	Mar. 31, 2019USD ($)SecurityLoan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans, Which Subsequently Defaulted | SecurityLoan	0	0
Recorded Investment, Which Subsequently Defaulted	$ 0	$ 0
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | SecurityLoan	4
Pre-modification Recorded Investment	$ 159,000
Post-modification Recorded Investment	$ 177,000
Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | SecurityLoan	2	3
Pre-modification Recorded Investment	$ 226,000	$ 589,000
Post-modification Recorded Investment	$ 234,000	$ 621,000

Loans Receivable, Net - PCD Loa

Loans Receivable, Net - PCD Loans Acquired (Details) $ in Thousands	Jan. 01, 2020USD ($)
Two River
Financing Receivable, Impaired [Line Items]
Purchase price of loans at acquisition	$ 26,104
Allowance for credit losses at acquisition	1,343
Non-credit discount at acquisition	2,562
Par value of acquired loans at acquisition	30,009
Country Bank Holding Company, Inc
Financing Receivable, Impaired [Line Items]
Purchase price of loans at acquisition	24,667
Allowance for credit losses at acquisition	1,296
Non-credit discount at acquisition	5,334
Par value of acquired loans at acquisition	$ 31,297

Loans Receivable, Net - Summa_2

Loans Receivable, Net - Summary of Changes in Accretable Yield (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance		$ 3,630
Acquisition		1,171
Accretion		(653)
Reclassification from non-accretable difference	$ 45
Ending balance		$ 4,193

Loans Receivable, Net - Additio

Loans Receivable, Net - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans on non-accrual commercial real estate, multi-family, land, construction, commercial and industrial loans	$ 250,000
Impaired loan portfolio total			$ 26,500,000
Specific reserves to loans accruing troubled debt restructurings	424,000		476,000
Average balance of impaired loans		$ 32,100,000
Commitments to lend additional funds to borrowers	0
Loans with non-accrual of interest	23,889,000		17,849,000
Financing receivables 90 days past due and still accruing	0
Troubled debt restructured loans	22,400,000		24,600,000
Non-accrual loan total troubled debt restructurings	6,200,000		6,600,000
Troubled debt restructured loans with accrual interest	16,100,000		18,000,000
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	782,000
Loans with non-accrual of interest	782,000		207,000
Commercial real estate – owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	4,200,000
Loans with non-accrual of interest	4,219,000		4,811,000
Commercial Real Estate – Investor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	7,600,000
Loans with non-accrual of interest	9,123,000		2,917,000
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount	3,300,000
Foreclosed property held	334,000
Loans with non-accrual of interest	$ 6,690,000		$ 7,181,000

Deposits - Summary of Major Typ

Deposits - Summary of Major Types of Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Banking and Thrift [Abstract]
Non-interest-bearing	$ 1,783,216	$ 1,377,396
Interest-bearing checking	2,647,487	2,539,428
Money market deposit	620,145	578,147
Savings	1,420,628	898,174
Time deposits	1,420,591	935,632
Total deposits	$ 7,892,067	$ 6,328,777

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Banking and Thrift [Abstract]
Time deposits, $250,000 and over	$ 293.3	$ 150.6

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Financial Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale, at estimated fair value	$ 153,738	$ 150,960
Equity investments	14,409	10,136
Interest rate swap liability	48,900	10,700
Other real estate owned	484	264
Items measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale, at estimated fair value	153,738	150,960
Equity investments	14,409	10,136
Interest rate swap asset	48,612	10,141
Interest rate swap liability	(49,501)	(10,708)
Items measured on a recurring basis | Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale, at estimated fair value	0	0
Equity investments	14,409	10,136
Interest rate swap asset	0	0
Interest rate swap liability	0	0
Items measured on a recurring basis | Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale, at estimated fair value	153,713	150,935
Equity investments	0	0
Interest rate swap asset	48,612	10,141
Interest rate swap liability	(49,501)	(10,708)
Items measured on a recurring basis | Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities available-for-sale, at estimated fair value	25	25
Equity investments	0	0
Interest rate swap asset	0	0
Interest rate swap liability	0	0
Items measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	484	264
Items measured on a recurring basis | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	15,912	8,794
Items measured on a recurring basis | Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	0	0
Items measured on a recurring basis | Level 1 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	0	0
Items measured on a recurring basis | Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	0	0
Items measured on a recurring basis | Level 2 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	0	0
Items measured on a recurring basis | Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	484	264
Items measured on a recurring basis | Level 3 Inputs | Loans measured for impairment based on the fair value of the underlying collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	$ 15,912	$ 8,794

Fair Value Measurements - Book

Fair Value Measurements - Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial Assets:
Debt securities held-to-maturity	$ 928,582	$ 777,290
Restricted equity investments, at cost	81,005	62,356
Financial Liabilities:
Time deposits	1,420,591	935,632
Securities sold under agreements to repurchase with retail customers	90,175	71,739
Book Value
Financial Assets:
Cash and due from banks	256,470	120,544
Debt securities held-to-maturity	914,255	768,873
Restricted equity investments, at cost	81,005	62,356
Loans receivable, net and loans held-for-sale	7,931,323	6,207,680
Financial Liabilities:
Deposits other than time deposits	6,471,476	5,393,145
Time deposits	1,420,591	935,632
Federal Home Loan Bank advances and other borrowings	946,037	616,061
Securities sold under agreements to repurchase with retail customers	90,175	71,739
Level 1 Inputs
Financial Assets:
Cash and due from banks	256,470	120,544
Debt securities held-to-maturity	0	0
Restricted equity investments, at cost	0	0
Loans receivable, net and loans held-for-sale	0	0
Financial Liabilities:
Deposits other than time deposits	0	0
Time deposits	0	0
Federal Home Loan Bank advances and other borrowings	0	0
Securities sold under agreements to repurchase with retail customers	90,175	71,739
Level 2 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	926,097	774,805
Restricted equity investments, at cost	0	0
Loans receivable, net and loans held-for-sale	0	0
Financial Liabilities:
Deposits other than time deposits	6,471,476	5,393,145
Time deposits	1,440,462	936,318
Federal Home Loan Bank advances and other borrowings	964,847	626,225
Securities sold under agreements to repurchase with retail customers	0	0
Level 3 Inputs
Financial Assets:
Cash and due from banks	0	0
Debt securities held-to-maturity	2,485	2,485
Restricted equity investments, at cost	81,005	62,356
Loans receivable, net and loans held-for-sale	8,027,963	6,173,237
Financial Liabilities:
Deposits other than time deposits	0	0
Time deposits	0	0
Federal Home Loan Bank advances and other borrowings	0	0
Securities sold under agreements to repurchase with retail customers	$ 0	$ 0

Derivatives, Hedging Activiti_3

Derivatives, Hedging Activities, and Other Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Derivative [Line Items]
Collateral already posted, fair value	$ 51,700		$ 13,700
Derivative liability	48,900		10,700
Interest rate derivative liabilities, at fair value	624
Unrealized loss cash flow hedge	547	$ 0
Interest Rate Swap
Derivative [Line Items]
Income (expense) in fair value adjustments	303	$ 54
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount	490,800		$ 337,600
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 10,000

Derivatives, Hedging Activiti_4

Derivatives, Hedging Activities, and Other Financial Instruments - Notional and Fair Value of Derivatives Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other assets
Derivative [Line Items]
Credit risk derivative asset, fair value	$ 48,612	$ 10,141
Other liabilities
Derivative [Line Items]
Credit risk derivative liability, fair value	$ 48,877	$ 10,708

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended
	Mar. 31, 2020lease
Leases [Abstract]
Number of finance leases	1

Leases - Schedule of Right-of-U

Leases - Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease ROU asset	$ 27,037	$ 18,682
Finance lease ROU asset	1,494	1,534
Total Lease ROU Asset	28,531	20,216
Operating lease liability	27,322	18,893
Finance lease liability	1,906	1,953
Total Lease Liability	$ 29,228	$ 20,846

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Details)	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	7 years 7 months 28 days	9 years 8 months 8 days
Finance lease, weighted average remaining lease term (years)	9 years 4 months 6 days	9 years 7 months 6 days
Operating lease, weighted average discount rate (percent)	3.00%	3.45%
Finance lease, weighted average discount rate (percent)	5.63%	5.63%

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Lease Expense
Operating Lease Expense	$ 1,723	$ 969
Finance Lease Expense:
Amortization of ROU assets	40	108
Interest on lease liabilities	27	90
Total	1,790	1,167
Operating cash flows from operating leases	1,648	934
Operating cash flows from finance leases	27	90
Financing cash flows from finance leases	$ 47	$ 127

Leases - Future Minimum Payment

Leases - Future Minimum Payments for Operating and Financing Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Finance Lease
2021	$ 295
2022	295
2023	295
2024	295
2025	295
Thereafter	868
Total	2,343
Less: Imputed Interest	(437)
Total Lease Liabilities	1,906	$ 1,953
Operating Leases
2021	6,570
2022	6,271
2023	4,046
2024	2,785
2025	2,456
Thereafter	9,199
Total	31,327
Less: Imputed Interest	(4,005)
Total Lease Liabilities	$ 27,322	$ 18,893

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - USD ($)	Apr. 30, 2020	Apr. 29, 2020
Public Stock Offering | Noncumulative Preferred Stock
Subsequent Event [Line Items]
Sale of stock (in shares)	2,200,000
Floating cumulative stock percentage	7.00%
Sale of stock, ownership interest in a share		2.50%
Subordinated Debt
Subsequent Event [Line Items]
Debt instrument, face amount		$ 125,000,000
Interest rate, stated percentage		5.25%
Percentage of principal to public offering price		100.00%

Uncategorized Items - ocfc-3312

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (4,000)