OceanFirst Financial (OCFC) 10-Q 6 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 02, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	OCFC
Entity Registrant Name	OCEANFIRST FINANCIAL CORP
Entity Central Index Key	1,004,702
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		17,280,057

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 50,576	$ 36,117
Securities available-for-sale, at estimated fair value	30,108	19,804
Securities held-to-maturity, net (estimated fair value of $400,852 at September 30, 2015 and $474,215 at December 31, 2014)	392,932	469,417
Federal Home Loan Bank of New York stock, at cost	15,970	19,170
Loans receivable, net	1,938,972	1,688,846
Mortgage loans held for sale	2,306	4,201
Interest and dividends receivable	5,978	5,506
Other real estate owned	3,262	4,664
Premises and equipment, net	28,721	24,738
Servicing asset	639	701
Bank Owned Life Insurance	57,206	56,048
Deferred tax asset	18,298	15,594
Other assets	10,816	11,908
Core deposit intangible	269
Goodwill	1,845
Total assets	2,557,898	2,356,714
Liabilities and Stockholders' Equity
Deposits	1,967,771	1,720,135
Securities sold under agreements to repurchase with retail customers	77,993	67,812
Federal Home Loan Bank advances	233,006	305,238
Other borrowings	27,500	27,500
Advances by borrowers for taxes and insurance	7,808	6,323
Other liabilities	9,132	11,447
Total liabilities	$ 2,323,210	$ 2,138,455
Stockholders' equity:
Preferred stock, $.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, no shares issued
Common stock, $.01 par value, 55,000,000 shares authorized, 33,566,772 shares issued and 17,276,677 and 16,901,653 shares outstanding at September 30, 2015 and December 31, 2014, respectively	$ 336	$ 336
Additional paid-in capital	269,332	265,260
Retained earnings	226,115	217,714
Accumulated other comprehensive loss	(6,326)	(7,109)
Less: Unallocated common stock held by Employee Stock Ownership Plan	(3,116)	(3,330)
Treasury stock, 16,290,095 and 16,665,119 shares at September 30, 2015 and December 31, 2014, respectively	(251,653)	(254,612)
Common stock acquired by Deferred Compensation Plan	(311)	(304)
Deferred Compensation Plan Liability	311	304
Total stockholders' equity	234,688	218,259
Total liabilities and stockholders' equity	$ 2,557,898	$ 2,356,714

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Securities held-to-maturity, net estimated fair value	$ 400,852,000	$ 474,215,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, liquidation preference	$ 1,000	$ 1,000
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	55,000,000	55,000,000
Common stock, shares issued	33,566,772	33,566,772
Common stock, shares outstanding	17,276,677	16,901,653
Treasury stock, shares	16,290,095	16,665,119

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans	$ 19,976,000	$ 17,944,000	$ 56,553,000	$ 52,720,000
Mortgage-backed securities	1,460,000	1,642,000	4,602,000	5,136,000
Investment securities and other	534,000	556,000	1,560,000	1,929,000
Total interest income	21,970,000	20,142,000	62,715,000	59,785,000
Interest expense:
Deposits	1,162,000	1,010,000	3,084,000	3,092,000
Borrowed funds	1,233,000	1,032,000	3,490,000	2,369,000
Total interest expense	2,395,000	2,042,000	6,574,000	5,461,000
Net interest income	19,575,000	18,100,000	56,141,000	54,324,000
Provision for loan losses	300,000	1,000,000	975,000	1,805,000
Net interest income after provision for loan losses	19,275,000	17,100,000	55,166,000	52,519,000
Other income:
Bankcard services revenue	929,000	914,000	2,611,000	2,603,000
Wealth management revenue	501,000	579,000	1,657,000	1,727,000
Fees and service charges	2,091,000	2,379,000	6,042,000	6,484,000
Loan servicing income	75,000	239,000	186,000	693,000
Net gain on sale of loan servicing			111,000
Net gain on sales of loans available-for-sale	260,000	226,000	637,000	577,000
Net gain on sale of investment securities available-for-sale	0	591,000	0	938,000
Net loss from other real estate operations	(59,000)	(24,000)	(111,000)	(164,000)
Income from Bank Owned Life Insurance	348,000	382,000	1,158,000	1,097,000
Other	7,000		18,000	2,000
Total other income	4,152,000	5,286,000	12,309,000	13,957,000
Operating expenses:
Compensation and employee benefits	8,269,000	7,746,000	23,508,000	23,562,000
Occupancy	1,508,000	1,327,000	4,204,000	4,154,000
Equipment	951,000	879,000	2,562,000	2,403,000
Marketing	398,000	294,000	1,087,000	1,436,000
Federal deposit insurance	541,000	534,000	1,545,000	1,618,000
Data processing	1,193,000	1,111,000	3,382,000	3,168,000
Check card processing	490,000	518,000	1,388,000	1,458,000
Professional fees	390,000	704,000	1,324,000	1,602,000
Other operating expense	1,369,000	1,318,000	4,005,000	3,967,000
Amortization of core deposit intangible	8,000		8,000
Merger related expenses	1,030,000		1,264,000
Total operating expenses	16,147,000	14,431,000	44,277,000	43,368,000
Income before provision for income taxes	7,280,000	7,955,000	23,198,000	23,108,000
Provision for income taxes	2,582,000	2,790,000	8,105,000	8,120,000
Net income	$ 4,698,000	$ 5,165,000	$ 15,093,000	$ 14,988,000
Basic earnings per share	$ 0.28	$ 0.31	$ 0.91	$ 0.89
Diluted earnings per share	$ 0.28	$ 0.31	$ 0.90	$ 0.89
Average basic shares outstanding	16,733	16,623	16,522	16,748
Average diluted shares outstanding	16,953	16,704	16,746	16,865

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 4,698	$ 5,165	$ 15,093	$ 14,988
Other comprehensive income:
Unrealized gain (loss) on securities (net of tax expense of $(27) and $(125) in 2015 and tax benefit of $100 and $386 in 2014)	40	(144)	181	(558)
Accretion of unrealized loss on securities reclassified to held-to-maturity (net of tax expense of $152 and $415 in 2015 and $142 and $375 in 2014, respectively)	221	206	602	542
Reclassification adjustment for gains included in net income (net of tax expense of $241 and $383 in 2014)		(349)		(554)
Total comprehensive income	$ 4,959	$ 4,878	$ 15,876	$ 14,418

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Unrealized gain (loss) on securities, tax expense (benefit)	$ (27)	$ 100	$ (125)	$ 386
Accretion of unrealized loss on securities reclassified to held-to-maturity, tax expense	$ 152	142	$ 415	375
Reclassification adjustment for gains included in net income, tax expense		$ 241		$ 383

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Employee Stock Ownership Plan [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Gain [Member]	Treasury Stock [Member]	Common Stock Acquired by Deferred Compensation Plan [Member]	Deferred Compensation Plan Liability [Member]
Beginning Balance at Dec. 31, 2013	$ 214,350	$ (3,616)	$ 336	$ 263,319	$ 206,201	$ (6,619)	$ (245,271)	$ (665)	$ 665
Net income	14,988				14,988
Other comprehensive income (loss), net of tax	(570)					(570)
Tax benefit of stock plans	57			57
Stock awards	678			678
Treasury stock allocated to restricted stock plan				678	(99)		(579)
Purchased 334,630 and 373,594 shares of common stock in 2014 and 2015 respectively	(5,562)						(5,562)
Allocation of ESOP stock	431	215		216
Cash dividend $0.36 and $0.39 per share for 2014 and 2015 respectively	(6,071)				(6,071)
Exercise of stock options	349				(67)		416
Sale/Purchase of stock for the deferred compensation plan								363	(363)
Ending Balance at Sep. 30, 2014	218,650	(3,401)	336	264,948	214,952	(7,189)	(250,996)	(302)	302
Beginning Balance at Dec. 31, 2014	218,259	(3,330)	336	265,260	217,714	(7,109)	(254,612)	(304)	304
Net income	15,093				15,093
Other comprehensive income (loss), net of tax	783					783
Tax benefit of stock plans	13			13
Stock awards	985			985
Treasury stock allocated to restricted stock plan				1,215	(142)		(1,073)
Issued 660,998 treasury shares to finance acquisition	11,818			1,633			10,185
Purchased 334,630 and 373,594 shares of common stock in 2014 and 2015 respectively	(6,457)						(6,457)
Allocation of ESOP stock	440	214		226
Cash dividend $0.36 and $0.39 per share for 2014 and 2015 respectively	(6,496)				(6,496)
Exercise of stock options	250				(54)		304
Sale/Purchase of stock for the deferred compensation plan								(7)	7
Ending Balance at Sep. 30, 2015	$ 234,688	$ (3,116)	$ 336	$ 269,332	$ 226,115	$ (6,326)	$ (251,653)	$ (311)	$ 311

Consolidated Statements of Cha8

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Retained Earnings [Member]
Cash dividend per share	$ 0.39	$ 0.36
Treasury Stock [Member]
Issued treasury shares to finance acquisition	660,998
Purchase of common stock, shares	373,594	334,630

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 15,093,000	$ 14,988,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	2,370,000	2,161,000
Allocation of ESOP stock	440,000	431,000
Stock awards	985,000	678,000
Amortization of servicing asset	276,000	874,000
Net premium amortization in excess of discount accretion on securities	1,583,000	2,161,000
Net amortization of deferred costs and discounts on loans	86,000	61,000
Amortization of core deposit intangible	8,000
Provision for loan losses	975,000	1,805,000
Net gain on sale of other real estate owned	(84,000)	(151,000)
Net gain on sales of investment securities available-for-sale	0	(938,000)
Net gain on sales of loans	(637,000)	(577,000)
Proceeds from sales of mortgage loans held for sale	42,787,000	31,313,000
Mortgage loans originated for sale	(40,255,000)	(33,320,000)
Increase in value of Bank Owned Life Insurance	(1,158,000)	(1,097,000)
Increase in interest and dividends receivable	(50,000)	(199,000)
Decrease in other assets	1,858,000	136,000
Decrease in other liabilities	(2,624,000)	(3,368,000)
Total adjustments	6,560,000	(30,000)
Net cash provided by operating activities	21,653,000	14,958,000
Cash flows from investing activities:
Net increase in loans receivable	(107,916,000)	(76,194,000)
Purchase of loans receivable	(22,054,000)	(20,574,000)
Purchase of investment securities available-for-sale	(9,973,000)	(10,616,000)
Purchase of mortgage-backed securities held-to-maturity		(35,203,000)
Purchase of investment securities held-to-maturity		(5,003,000)
Proceeds from maturities of investment securities available-for-sale		5,706,000
Proceeds from sale of investment securities available-for-sale		7,713,000
Proceeds from maturities of investment securities held-to-maturity	35,861,000	25,001,000
Principal repayments on mortgage-backed securities held-to-maturity	46,791,000	42,148,000
Decrease (increase) in Federal Home Loan Bank of New York stock	3,514,000	(267,000)
Proceeds from sales of other real estate owned	1,722,000	2,366,000
Purchases of premises and equipment	(3,076,000)	(3,167,000)
Cash received, net of cash consideration paid for acquisition	3,703,000
Net cash used in investing activities	(51,428,000)	(68,090,000)
Cash flows from financing activities:
Increase in deposits	124,290,000	34,464,000
Decrease in short-term borrowings	(107,619,000)	(91,651,000)
Proceeds from Federal Home Loan Bank advances	40,000,000	205,000,000
Repayments of Federal Home Loan Bank advances	(1,232,000)	(90,000,000)
Increase in advances by borrowers for taxes and insurance	1,485,000	245,000
Exercise of stock options	250,000	349,000
Purchase of treasury stock	(6,457,000)	(5,562,000)
Dividends paid	(6,496,000)	(6,071,000)
Tax benefit of stock plans	13,000	57,000
Net cash provided by financing activities	44,234,000	46,831,000
Net increase (decrease) in cash and due from banks	14,459,000	(6,301,000)
Cash and due from banks at beginning of period	36,117,000	33,958,000
Cash and due from banks at end of period	50,576,000	27,657,000
Supplemental Disclosure of Cash Flow Information:
Interest	6,629,000	5,197,000
Income taxes	7,862,000	9,001,000
Non-cash activities:
Loans charged-off, net	654,000	6,425,000
Transfer of loans receivable to other real estate owned		$ 4,336,000
Non-cash assets acquired:
Securities	6,758,000
Federal Home Loan Bank of New York stock	314,000
Loans	121,196,000
Other real estate owned	257,000
Deferred tax asset	3,244,000
Other assets	8,509,000
Goodwill and other intangible assets, net	2,122,000
Total non-cash assets acquired	142,400,000
Liabilities assumed:
Deposits	123,346,000
Federal Home Loan Bank advances	6,800,000
Other liabilities	309,000
Total liabilities assumed	130,455,000
Total consideration for acquisition	$ 11,945,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiary, OceanFirst Bank (the “Bank”), and its wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Services, LLC and 975 Holdings, LLC. 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 and nine months ended September 30, 2015 are not necessarily indicative of the results of operations that may be expected for all of 2015. 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 to Stockholders on Form 10-K for the year ended December 31, 2014.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings per Share	Note 2. Earnings per Share The following reconciles shares outstanding for basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three months ended Nine months ended 2015 2014 2015 2014 Weighted average shares issued net of Treasury shares 17,146 17,132 16,954 17,261 Less: Unallocated ESOP shares (374 ) (407 ) (382 ) (416 ) Unallocated incentive award shares and shares held by deferred compensation plan (39 ) (102 ) (50 ) (97 ) Average basic shares outstanding 16,733 16,623 16,522 16,748 Add: Effect of dilutive securities: Stock options 200 61 204 93 Shares held by deferred compensation plan 20 20 20 24 Average diluted shares outstanding 16,953 16,704 16,746 16,865 For the three months ended September 30, 2015 and 2014, antidilutive stock options and warrants of 1,064,000 and 781,000, respectively, were excluded from earnings per share calculations. For the nine months ended September 30, 2015 and 2014, antidilutive stock options and warrants of 740,000 and 764,000, respectively, were excluded from earnings per share calculations.

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combination	Note 3. Business Combination On July 31, 2015, the Company completed its acquisition of Colonial American Bank (“Colonial”), which after purchase accounting adjustments added $142.4 million to assets, $121.2 million to loans, and $123.3 million to deposits. Total consideration paid for Colonial was $11.9 million, including cash consideration of $127,000 for outstanding warrants and for fractional shares. Colonial was merged with and into the Company’s subsidiary, OceanFirst Bank, as of the close of business 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 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 Colonial, net of total consideration paid (in thousands): At July 31, 2015 Colonial Purchase Estimated Assets acquired: Securities $ 6,758 $ — $ 6,758 Loans 125,063 (3,867 )(1) 121,196 Allowance for loan losses (1,578 ) 1,578 — Other real estate owned 405 (148 ) 257 Deferred tax asset – recognition of net operating loss carryforward — 2,292 2,292 – relating to purchase accounting adjustments — 952 952 Other assets 8,823 — 8,823 Core deposit intangible — 277 277 Goodwill — 1,845 1,845 Total assets acquired 139,471 2,929 142,400 Liabilities assumed: Deposits 123,103 243 123,346 Federal Home Loan Bank advances 6,800 — 6,800 Other liabilities 309 — 309 Total liabilities assumed 130,212 243 130,455 Net assets acquired $ 9,259 $ 2,686 $ 11,945 (1) Includes a general credit fair value deduction of $1,722,000; a fair value deduction on credit-impaired loans of $1,475,000; an interest rate fair value benefit of $980,000; and further credited by the write-off of Colonial’s capitalized loan origination costs of $1,650,000. 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. 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 Colonial acquisition were as follow. Refer to Note 8, 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 Company, the acquired bank and peer banks. 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 the Company reviewed the acquired loan portfolio for loans meeting the definition of an impaired loan with deteriorated credit quality. 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. 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. 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. Federal Home Loan Bank advances These borrowings were short term in nature and no fair value adjustments were necessary.

Securities

Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Securities	Note 4. Securities The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at September 30, 2015 and December 31, 2014 are as follows (in thousands): At September 30, 2015 Amortized Gross Gross Estimated Available-for-sale: Investment securities: U.S. agency obligations $ 29,897 $ 211 $ — $ 30,108 Held-to-maturity: Investment securities: U.S. agency obligations $ 55,338 $ 172 $ (2 ) $ 55,508 State and municipal obligations 8,373 25 (3 ) 8,395 Corporate debt securities 55,000 — (6,928 ) 48,072 Total investment securities 118,711 197 (6,933 ) 111,975 Mortgage-backed securities: FHLMC 126,187 867 (658 ) 126,396 FNMA 158,417 3,913 (476 ) 161,854 GNMA 523 104 — 627 Total mortgage-backed securities 285,127 4,884 (1,134 ) 288,877 Total held-to-maturity $ 403,838 $ 5,081 $ (8,067 ) $ 400,852 Total securities $ 433,735 $ 5,292 $ (8,067 ) $ 430,960 At December 31, 2014 Amortized Gross Gross Estimated Available-for-sale: Investment securities: U.S. agency obligations $ 19,900 $ — $ (96 ) $ 19,804 Held-to-maturity: Investment securities: U.S. agency obligations $ 86,394 $ 97 $ (50 ) $ 86,441 State and municipal obligations 13,829 25 (8 ) 13,846 Corporate debt securities 55,000 — (9 750 ) 45,250 Total investment securities 155,223 122 (9,808 ) 145,537 Mortgage-backed securities: FHLMC 141,494 609 (1,659 ) 140,444 FNMA 184,003 4,674 (1,182 ) 187,495 GNMA 620 119 — 739 Total mortgage-backed securities 326,117 5,402 (2,841 ) 328,678 Total held-to-maturity $ 481,340 $ 5,524 $ (12,649 ) $ 474,215 Total securities $ 501,240 $ 5,524 $ (12,745 ) $ 494,019 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 held-to-maturity investment securities at September 30, 2015 and December 31, 2014 are as follows (in thousands): September 30, December 31, Amortized cost $ 403,838 $ 481,340 Net loss on date of transfer from available-for-sale (13,347 ) (13,347 ) Accretion of net unrealized loss on securities reclassified as held-to-maturity 2,441 1,424 Carrying value $ 392,932 $ 469,417 There were no realized gains or losses on the sale of securities for the three and nine months ended September 30, 2015. Net realized gains on the sale of securities for the three and nine months ended September 30, 2014 were $591,000 and $938,000, respectively. The amortized cost and estimated fair value of investment securities at September 30, 2015 by contractual maturity are shown below (in thousands). Actual maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. At September 30, 2015, corporate debt securities with an amortized cost and estimated fair value of $55.0 million and $48.1 million, respectively, were callable prior to the maturity date. September 30, 2015 Amortized Estimated Less than one year $ 45,234 $ 45,281 Due after one year through five years 48,034 48,388 Due after five years through ten years 340 342 Due after ten years 55,000 48,072 $ 148,608 $ 142,083 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 and unrealized loss of securities available-for-sale and held-to-maturity at September 30, 2015 and December 31, 2014, segregated by the duration of the unrealized loss, are as follows (in thousands): At September 30, 2015 Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Held-to-maturity: Investment securities: U.S. agency obligations $ — $ — $ 5,048 $ (2 ) $ 5,048 $ (2 ) State and municipal obligations 852 (2 ) 643 (1 ) 1,495 (3 ) Corporate debt securities — — 48,072 (6,928 ) 48,072 (6,928 ) Total investment securities 852 (2 ) 53,763 (6,931 ) 54,615 (6,933 ) Mortgage-backed securities: FHLMC 3,601 (10 ) 57,076 (648 ) 60,677 (658 ) FNMA — — 24,777 (476 ) 24,777 (476 ) Total mortgage-backed securities 3,601 (10 ) 81,853 (1,124 ) 85,454 (1,134 ) Total held-to-maturity $ 4,453 $ (12 ) $ 135,616 $ (8,055 ) $ 140,069 $ (8,067 ) Total securities $ 4,453 $ (12 ) $ 135,616 $ (8,055 ) $ 140,069 $ (8,067 ) At December 31, 2014 Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Available-for-sale: Investment securities: U.S. agency obligations $ 19,804 $ (96 ) $ — $ — $ 19,804 $ (96 ) Held-to-maturity: Investment securities: U.S. agency obligations $ 15,134 $ (9 ) $ 25,409 $ (41 ) $ 40,543 $ (50 ) State and municipal obligations 947 (1 ) 1,827 (7 ) 2,774 (8 ) Corporate debt securities — — 45,250 (9,750 ) 45,250 (9,750 ) Total investment securities 16,081 (10 ) 72,486 (9,798 ) 88,567 (9,808 ) Mortgage-backed securities: FHLMC 9,155 (34 ) 96,975 (1,625 ) 106,130 (1,659 ) FNMA — — 64,932 (1,182 ) 64,932 (1,182 ) Total mortgage-backed securities 9,155 (34 ) 161,907 (2,807 ) 171,062 (2,841 ) Total held-to-maturity $ 25,236 $ (44 ) $ 234,393 $ (12,605 ) $ 259,629 $ (12,649 ) Total securities $ 45,040 $ (140 ) $ 234,393 $ (12,605 ) $ 279,433 $ (12,745 ) At September 30, 2015, 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 Credit Rating BankAmerica Capital $ 15,000 $ 13,875 Ba1/BB+ Chase Capital 10,000 8,525 Baa2/BBB- Wells Fargo Capital 5,000 4,282 A1/BBB+ Huntington Capital 5,000 4,188 Baa2/BB Keycorp Capital 5,000 4,177 Baa2/BB+ PNC Capital 5,000 4,425 Baa1/BBB- State Street Capital 5,000 4,350 A3/BBB SunTrust Capital 5,000 4,250 Baa3/BB+ $ 55,000 $ 48,072 At September 30, 2015, the estimated fair value of each corporate debt security was below cost. However, the estimated fair value of the corporate debt securities increased as compared to December 31, 2014. The corporate debt securities are issued by other financial institutions with credit ratings ranging from a high of A1 to a low of BB as rated by one of the internationally-recognized credit rating services. These floating-rate securities were purchased in 1998 and have paid coupon interest continuously since issuance. Floating-rate debt securities such as these pay a fixed interest rate spread over 90-day LIBOR. Following the purchase of these securities, the required spread increased for these types of securities causing a decline in the market price. The Company concluded that unrealized losses on corporate debt securities were only temporarily impaired at September 30, 2015. 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. All of the financial institutions are also considered well-capitalized. Credit spreads have decreased for these types of securities and market prices have improved. 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 have the intent to sell these securities and it is more likely than not that the Company will not be required to sell the securities. The Company has held the securities continuously since 1998 and expects to receive its full principal at maturity in 2028 or prior if called by the issuer. The Company has historically not actively sold investment securities and has not utilized the securities portfolio 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”) or Federal National Mortgage Association (“FNMA”), 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 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 September 30, 2015.

Loans Receivable, Net

Loans Receivable, Net	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans Receivable, Net	Note 5. Loans Receivable, Net Loans receivable, net at September 30, 2015 and December 31, 2014 consisted of the following (in thousands): September 30, 2015 December 31, 2014 Real estate: One-to-four family $ 786,915 $ 737,889 Commercial real estate, multi family and land 803,340 649,951 Residential construction 51,580 47,552 Consumer 194,306 199,349 Commercial and industrial 129,379 83,946 Total loans 1,965,520 1,718,687 Purchased credit-impaired (“PCI”) loans 1,019 — Loans in process (14,145 ) (16,731 ) Deferred origination costs, net 3,216 3,207 Allowance for loan losses (16,638 ) (16,317 ) Loans receivable, net $ 1,938,972 $ 1,688,846 At September 30, 2015 and December 31, 2014, loans in the amount of $24,394,000 and $18,307,000, respectively, were three or more months delinquent or in the process of foreclosure and the Company was not accruing interest income on these loans. There were no loans ninety days or greater past due and still accruing interest. Non-accrual loans include both smaller balance homogenous loans that are collectively evaluated for impairment and individually classified impaired loans. The recorded investment in mortgage and consumer loans collateralized by residential real estate which are in the process of foreclosure amounted to $2,852,000 at September 30, 2015. The amount of foreclosed residential real estate property held by the Company was $3,104,000 at September 30, 2015. The Company defines an impaired loan as all 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 September 30, 2015, the impaired loan portfolio totaled $45,573,000 for which there was a specific allocation in the allowance for loan losses of $2,400,000. At December 31, 2014, the impaired loan portfolio totaled $36,979,000 for which there was a specific allocation in the allowance for loan losses of $2,161,000. The average balance of impaired loans for the three and nine months ended September 30, 2015 was $46,211,000 and $40,909,000, respectively and $41,749,000 and $42,162,000, respectively, for the same prior year periods. An analysis of the allowance for loan losses for the three and nine months ended September 30, 2015 and 2014 is as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Balance at beginning of period $ 16,534 $ 20,936 $ 16,317 $ 20,930 Provision charged to operations 300 1,000 975 1,805 Charge-offs (211 ) (5,783 ) (900 ) (6,915 ) Recoveries 15 157 246 490 Balance at end of period $ 16,638 $ 16,310 $ 16,638 $ 16,310 The following table presents an analysis of the allowance for loan losses for the three and nine months ended September 30, 2015 and 2014 and the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2015 and December 31, 2014, excluding PCI loans (in thousands): Residential Commercial Consumer Commercial Unallocated Total For the three months ended September 30, 2015 Allowance for loan losses: Balance at beginning of period $ 3,610 $ 9,229 $ 952 $ 1,686 $ 1,057 $ 16,534 Provision (benefit) charged to operations 1,602 (892 ) 73 (101 ) (382 ) 300 Charge-offs (51 ) — (101 ) (59 ) — (211 ) Recoveries — 10 3 2 — 15 Balance at end of period $ 5,161 $ 8,347 $ 927 $ 1,528 $ 675 $ 16,638 For the three months ended September 30, 2014 Allowance for loan losses: Balance at beginning of period $ 4,397 $ 11,077 $ 1,284 $ 1,163 $ 3,015 $ 20,936 Provision (benefit) charged to operations 4,982 (2,510 ) 173 (123 ) (1,522 ) 1,000 Charge-offs (5,424 ) (323 ) (35 ) (1 ) — (5,783 ) Recoveries 152 — 4 1 — 157 Balance at end of period $ 4,107 $ 8,244 $ 1,426 $ 1,040 $ 1,493 $ 16,310 For the nine months ended September 30, 2015 Allowance for loan losses: Balance at beginning of period $ 4,291 $ 8,935 $ 1,146 $ 863 $ 1,082 $ 16,317 Provision (benefit) charged to operations 920 (504 ) 249 717 (407 ) 975 Charge-offs (174 ) (103 ) (564 ) (59 ) — (900 ) Recoveries 124 19 96 7 — 246 Balance at end of period $ 5,161 $ 8,347 $ 927 $ 1,528 $ 675 $ 16,638 For the nine months ended September 30, 2014 Allowance for loan losses: Balance at beginning of period $ 4,859 $ 10,371 $ 1,360 $ 1,383 $ 2,957 $ 20,930 Provision (benefit) charged to operations 5,007 (1,813 ) 368 (293 ) (1,464 ) 1,805 Charge-offs (6,193 ) (323 ) (348 ) (51 ) — (6,915 ) Recoveries 434 9 46 1 — 490 Balance at end of period $ 4,107 $ 8,244 $ 1,426 $ 1,040 $ 1,493 $ 16,310 September 30, 2015 Allowance for loan losses: Ending allowance balance attributed to loans: Individually evaluated for impairment $ 67 $ 1,991 $ 22 $ 320 $ — $ 2,400 Collectively evaluated for impairment 5,094 6,356 905 1,208 675 14,238 Total ending allowance balance $ 5,161 $ 8,347 $ 927 $ 1,528 $ 675 $ 16,638 Loans: Loans individually evaluated for impairment $ 12,377 $ 29,573 $ 2,373 $ 1,250 $ — $ 45,573 Loans collectively evaluated for impairment 826,118 773,767 191,933 128,129 — 1,919,947 Total ending loan balance $ 838,495 $ 803,340 $ 194,306 $ 129,379 $ — $ 1,965,520 December 31, 2014 Allowance for loan losses: Ending allowance balance attributed to loans: Individually evaluated for impairment $ 88 $ 1,741 $ 332 $ — $ — $ 2,161 Collectively evaluated for impairment 4,203 7,194 814 863 1,082 14,156 Total ending allowance balance $ 4,291 $ 8,935 $ 1,146 $ 863 $ 1,082 $ 16,317 Loans: Loans individually evaluated for impairment $ 12,879 $ 21,165 $ 2,221 $ 714 $ — $ 36,979 Loans collectively evaluated for impairment 772,562 628,786 197,128 83,232 — 1,681,708 Total ending loan balance $ 785,441 $ 649,951 $ 199,349 $ 83,946 $ — $ 1,718,687 A summary of impaired loans at September 30, 2015 and December 31, 2014 is as follows, excluding PCI loans (in thousands): September 30, December 31, Impaired loans with no allocated allowance for loan losses $ 34,015 $ 26,487 Impaired loans with allocated allowance for loan losses 11,558 10,492 $ 45,573 $ 36,979 Amount of the allowance for loan losses allocated $ 2,400 $ 2,161 At September 30, 2015, impaired loans include troubled debt restructuring loans of $30,754,000 of which $26,935,000 were performing in accordance with their restructured terms for a minimum of six months and were accruing interest. At December 31, 2014, impaired loans include troubled debt restructuring loans of $23,493,000 of which $21,462,000 were performing in accordance with their restructured terms and were accruing interest. The summary of loans individually evaluated for impairment by loan portfolio segment as of September 30, 2015 and December 31, 2014 and for the three months ended September 30, 2015 and 2014 follows, excluding PCI loans (in thousands): Unpaid Recorded Allowance As of September 30, 2015 With no related allowance recorded: Residential real estate $ 12,536 $ 12,117 $ — Commercial real estate 19,095 18,992 — Consumer 2,601 2,203 — Commercial and industrial 703 703 — $ 34,935 $ 34,015 $ — With an allowance recorded: Residential real estate $ 294 $ 260 $ 67 Commercial real estate 10,578 10,581 1,991 Consumer 207 170 22 Commercial and industrial 547 547 320 $ 11,626 $ 11,558 $ 2,400 As of December 31, 2014 With no related allowance recorded: Residential real estate $ 12,351 $ 11,931 $ — Commercial real estate 12,174 12,142 — Consumer 2,243 1,700 — Commercial and industrial 714 714 — $ 27,482 $ 26,487 $ — With an allowance recorded: Residential real estate $ 948 $ 948 $ 88 Commercial real estate 9,023 9,023 1,741 Consumer 521 521 332 Commercial and industrial — — — $ 10,492 $ 10,492 $ 2,161 Three months ended September 30, 2015 2014 Average Interest Average Interest With no related allowance recorded: Residential real estate $ 12,580 $ 141 $ 17,328 $ 159 Commercial real estate 17,931 84 11,186 69 Consumer 2,266 28 1,765 24 Commercial and industrial 703 3 276 3 $ 33,480 $ 256 $ 30,555 $ 255 With an allowance recorded: Residential real estate $ 260 $ 2 $ 1,462 $ 13 Commercial real estate 10,635 — 9,140 25 Consumer 85 — 592 10 Commercial and industrial 547 — — — $ 11,527 $ 2 $ 11,194 $ 48 Nine months ended September 30, 2015 2014 Average Interest Average Interest With no related allowance recorded: Residential real estate $ 12,634 $ 434 $ 17,493 $ 476 Commercial real estate 14,691 270 10,883 152 Consumer 2,222 87 2,043 65 Commercial and industrial 707 8 277 7 $ 30,254 $ 799 $ 30,696 $ 700 With an allowance recorded: Residential real estate $ 261 $ 8 $ 1,330 $ 44 Commercial real estate 10,153 11 9,502 77 Consumer 28 1 634 31 Commercial and industrial 304 2 — — $ 10,746 $ 22 $ 11,466 $ 152 The following table presents the recorded investment in non-accrual loans by loan portfolio segment as of September 30, 2015 and December 31, 2014, excluding PCI loans (in thousands): September 30, 2015 December 31, 2014 Residential real estate $ 5,481 $ 3,115 Commercial real estate 17,057 12,758 Consumer 1,741 1,877 Commercial and industrial 115 557 $ 24,394 $ 18,307 The following table presents the aging of the recorded investment in past due loans as of September 30, 2015 and December 31, 2014 by loan portfolio segment, excluding PCI loans (in thousands): 30-59 60-89 Greater Total Loans Not Total September 30, 2015 Residential real estate $ 5,169 $ 1,793 $ 4,322 $ 11,284 $ 827,211 $ 838,495 Commercial real estate 816 — 17,057 17,873 785,467 803,340 Consumer 858 89 1,568 2,515 191,791 194,306 Commercial and industrial — — 115 115 129,264 129,379 $ 6,843 $ 1,882 $ 23,062 $ 31,787 $ 1,933,733 $ 1,965,520 December 31, 2014 Residential real estate $ 7,365 $ 1,695 $ 1,619 $ 10,679 $ 774,762 $ 785,441 Commercial real estate 119 — 12,758 12,877 637,074 649,951 Consumer 845 232 1,833 2,910 196,439 199,349 Commercial and industrial — — 557 557 83,389 83,946 $ 8,329 $ 1,927 $ 16,767 $ 27,023 $ 1,691,664 $ 1,718,687 The Company categorizes all commercial and commercial real estate loans, except for small business 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. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: Special Mention Substandard Doubtfu Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans. As of September 30, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by loan portfolio segment is as follows, excluding PCI loans (in thousands): Pass Special Substandard Doubtful Total September 30, 2015 Commercial real estate $ 760,756 $ 10,727 $ 31,857 $ — $ 803,340 Commercial and industrial 127,175 808 1,396 — 129,379 $ 887,931 $ 11,535 $ 33,253 $ — $ 932,719 December 31, 2014 Commercial real estate $ 611,987 $ 12,684 $ 25,280 $ — $ 649,951 Commercial and industrial 82,693 173 1,080 — 83,946 $ 694,680 $ 12,857 $ 26,360 $ — $ 733,897 For residential, consumer and small business loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment in residential and consumer loans based on payment activity as of September 30, 2015 and December 31, 2014, excluding PCI loans (in thousands): Residential Real Estate Residential Consumer September 30, 2105 Performing $ 833,014 $ 192,565 Non-performing 5,481 1,741 $ 838,495 $ 194,306 December 31, 2014 Performing $ 782,326 $ 197,472 Non-performing 3,115 1,877 $ 785,441 $ 199,349 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. Included in the non-accrual loan total at September 30, 2015 and December 31, 2014 were $3,819,000 and $2,031,000, respectively, of troubled debt restructurings. At September 30, 2015 and December 31, 2014, the Company has allocated $587,000 and $419,000, respectively, of specific reserves 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 troubled debt restructurings which are accruing at September 30, 2015 and December 31, 2014, which totaled $26,935,000 and $21,462,000, respectively. In the second quarter of 2015, the Bank restructured a commercial real estate loan with an outstanding balance of $3.9 million by extending the term and lowering the monthly repayment amount. The interest rate was unchanged. Troubled debt restructurings are considered in the allowance for loan losses similar to other impaired loans. The following table presents information about troubled debt restructurings which occurred during the three and nine months ended September 30, 2015 and 2014, and troubled debt restructurings modified within the previous year and which defaulted during the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended September 30, 2015 Troubled Debt Restructurings: Commercial real estate 1 $ 63 $ 63 Consumer 1 207 170 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Post-modification Nine months ended September 30, 2015 Troubled Debt Restructurings: Residential real estate 4 $ 509 $ 472 Commercial real estate 4 6,095 5,944 Consumer 9 599 547 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Post-modification Three months ended September 30, 2014 Troubled Debt Restructurings: Residential real estate 5 $ 1,041 $ 933 Consumer 4 51 9 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Post-modification Nine months ended September 30, 2014 Troubled Debt Restructurings: Residential real estate 9 $ 1,921 $ 1,731 Consumer 9 221 178 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None As part of the Colonial acquisition PCI loans were acquired at a discount primarily due to deteriorated credit quality. PCI loans are accounted for at fair value, based upon the present value of expected future cash flows, with no related allowance for loan losses. The following table presents information regarding the estimates of the contractually required payments, the cash flows expected to be collected and the estimated fair value of the PCI loans acquired from Colonial at July 31, 2015 (in thousands): July 31, 2015 Contractually required principal and interest $ 3,263 Contractual cash flows not expected to be collected (non-accretable discount) (2,012 ) Expected cash flows to be collected at acquisition 1,251 Interest component of expected cash flows (accretable yield) (220 ) Fair value of acquired loans $ 1,031 The following table summarizes the changes in accretable yield for PCI loans during the three and nine months ended September 30, 2015 (in thousands): Three and Nine months ended Beginning balance $ — Acquisition 220 Accretion (14 ) Reclassification from non-accretable difference — Ending balance $ 206

Reserve for Repurchased Loans a

Reserve for Repurchased Loans and Loss Sharing Obligations	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Reserve for Repurchased Loans and Loss Sharing Obligations	Note 6. Reserve for Repurchased Loans and Loss Sharing Obligations The reserve for repurchased loans and loss sharing obligations was $1.0 million at September 30, 2015, unchanged from December 31, 2014 and was $1.1 million at September 30, 2014 a decrease of $388,000 from December 31, 2013 due to realized losses. The reserve for repurchased loans and loss sharing obligations was established to provide for expected losses related to repurchase requests which may be received on residential mortgage loans previously sold to investors and other loss sharing obligations. The reserve is included in other liabilities in the accompanying statements of financial condition. At September 30, 2015, and December 31, 2014, there were no outstanding loan repurchase requests.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2015
Banking and Thrift [Abstract]
Deposits	Note 7. Deposits The major types of deposits at September 30, 2015 and December 31, 2014 were as follows (in thousands): Type of Account September 30, 2015 December 31, 2014 Non-interest-bearing $ 362,079 $ 279,944 Interest-bearing checking 883,940 836,120 Money market deposit 151,657 95,663 Savings 310,009 301,190 Time deposits 260,086 207,218 Total deposits $ 1,967,771 $ 1,720,135 Included in time deposits at September 30, 2015 and December 31, 2014, is $82,929,000 and $64,416,000, respectively, in deposits of $100,000 and over.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 8. Recent Accounting Pronouncements In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-04, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” which applies to all creditors who obtain physical possession of residential real estate property collateralizing a consumer mortgage loan in satisfaction of a receivable. The amendments in this update clarify when an in-substance repossession or foreclosure occurs and requires disclosure of both (1) the amount of foreclosed residential real estate property held by a creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The amendments in ASU 2014-04 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. The adoption of this standard in the first quarter of 2015 did not to have a material impact on the Company’s consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations, Simplifying the Accounting for Measurement – Period Adjustments.” The amendments in this Update apply to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and during the measurement period have an adjustment to provisional amounts recognized. In these cases, the acquirer must record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this Update are effective for fiscal years beginning after December 15, 2015 including interim periods within those fiscal years. The adoption of this Update is not expected to have a material impact on the Company’s consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9. 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 market 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 give the highest priority to 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 and nine months ended September 30, 2015. 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). Securities Available-For-Sale Securities classified as available-for-sale are reported at fair value utilizing Level 2 inputs. In general, fair value is based upon quoted market prices, where available. Most of the Company’s available-for-sale 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 securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain securities without relying exclusively on quoted prices for the specific securities, but comparing the securities to benchmark or comparable securities. 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 September 30, 2015 and December 31, 2014, 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: September 30, 2015 Total Fair Level 1 Level 2 Level 3 Items measured on a recurring basis: Investment securities available-for-sale: U.S. agency obligations $ 30,108 $ — $ 30,108 $ — Items measured on a non-recurring basis: Other real estate owned 3,262 — — 3,262 Loans measured for impairment based on the fair value of the underlying collateral 12,844 — — 12,844 Fair Value Measurements at Reporting Date Using: December 31, 2014 Total Fair Level 1 Level 2 Level 3 Items measured on a recurring basis: Investment securities available-for-sale: U.S. agency obligations $ 19,804 $ — $ 19,804 $ — Items measured on a non-recurring basis: Other real estate owned 4,664 — — 4,664 Loans measured for impairment based on the fair value of the underlying collateral 11,675 — — 11,675 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. Securities Held-to-Maturity Securities classified as held-to-maturity are carried at amortized cost, as the Company has the positive intent and ability to hold these securities to maturity. The Company determines the fair value of the securities utilizing Level 2 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 securities. Prices obtained from these sources include market quotations and matrix pricing. Matrix pricing is a mathematical technique used principally to value certain securities without relying exclusively on quoted prices for the specific securities, but comparing the securities to benchmark or comparable securities. Fair value estimates are made at a point in time, based on relevant market data as well as the best information available about the security. Illiquid credit markets have resulted in inactive markets for certain of the Company’s securities. As a result, there is limited observable market data for these assets. Fair value estimates for securities for which limited observable market data is available are based on judgments regarding current economic conditions, liquidity discounts, credit and interest rate risks, and other factors. These estimates involve significant uncertainties and judgments and cannot be determined with precision. As a result, such calculated fair value estimates may not be realizable in a current sale or immediate settlement of the security. The Company utilizes third party pricing services to obtain fair values for its corporate 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 makes a determination 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. In the case of the Level 2 securities, the significant observable inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, other market information and observations of equity and credit default swap curves related to the issuer. Federal Home Loan Bank of New York Stock The fair value for Federal Home Loan Bank of New York 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 based upon the outstanding balance of mortgage related assets and outstanding borrowings. 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. Fair values estimated in this manner do not fully incorporate an exit price approach to fair value, but instead are based on a comparison to current market rates for comparable loans. Deposits Other than Time Deposits The fair value of deposits with no stated maturity, such as non-interest-bearing demand deposits, interest-bearing checking accounts, money market accounts and saving accounts are, 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 September 30, 2015 and December 31, 2014 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: September 30, 2015 Book Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 50,576 $ 50,576 $ — $ — Securities held-to-maturity 392,932 — 400,852 — Federal Home Loan Bank of New York stock 15,970 — — 15,970 Loans receivable and mortgage loans held for sale 1,941,278 — — 1,960,827 Financial Liabilities: Deposits other than time deposits 1,707,685 — 1,707,685 — Time deposits 260,086 — 261,888 — Securities sold under agreements to repurchase with retail customers 77,993 77,993 — — Federal Home Loan Bank advances and other borrowings 260,506 — 262,488 — Fair Value Measurements at Reporting Date Using: December 31, 2014 Book Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 36,117 $ 36,117 $ — $ — Securities held-to-maturity 469,417 — 474,215 — Federal Home Loan Bank of New York stock 19,170 — — 19,170 Loans receivable and mortgage loans held for sale 1,693,047 — — 1,709,819 Financial Liabilities: Deposits other than time deposits 1,512,917 — 1,512,917 — Time deposits 207,218 — 208,651 — Securities sold under agreements to repurchase with retail customers 67,812 67,812 — — Federal Home Loan Bank advances and other borrowings 332,738 — 332,432 — 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 deferred tax assets, and premises and equipment. 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.

Recent Accounting Pronounceme19

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-04, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” which applies to all creditors who obtain physical possession of residential real estate property collateralizing a consumer mortgage loan in satisfaction of a receivable. The amendments in this update clarify when an in-substance repossession or foreclosure occurs and requires disclosure of both (1) the amount of foreclosed residential real estate property held by a creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The amendments in ASU 2014-04 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. The adoption of this standard in the first quarter of 2015 did not to have a material impact on the Company’s consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations, Simplifying the Accounting for Measurement – Period Adjustments.” The amendments in this Update apply to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and during the measurement period have an adjustment to provisional amounts recognized. In these cases, the acquirer must record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this Update are effective for fiscal years beginning after December 15, 2015 including interim periods within those fiscal years. The adoption of this Update is not expected to have a material impact on the Company’s consolidated financial statements.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2015
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 and nine months ended September 30, 2015 and 2014 (in thousands): Three months ended Nine months ended 2015 2014 2015 2014 Weighted average shares issued net of Treasury shares 17,146 17,132 16,954 17,261 Less: Unallocated ESOP shares (374 ) (407 ) (382 ) (416 ) Unallocated incentive award shares and shares held by deferred compensation plan (39 ) (102 ) (50 ) (97 ) Average basic shares outstanding 16,733 16,623 16,522 16,748 Add: Effect of dilutive securities: Stock options 200 61 204 93 Shares held by deferred compensation plan 20 20 20 24 Average diluted shares outstanding 16,953 16,704 16,746 16,865

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed at Date of Acquisition	The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the acquisition for Colonial, net of total consideration paid (in thousands): At July 31, 2015 Colonial Purchase Estimated Assets acquired: Securities $ 6,758 $ — $ 6,758 Loans 125,063 (3,867 )(1) 121,196 Allowance for loan losses (1,578 ) 1,578 — Other real estate owned 405 (148 ) 257 Deferred tax asset – recognition of net operating loss carryforward — 2,292 2,292 – relating to purchase accounting adjustments — 952 952 Other assets 8,823 — 8,823 Core deposit intangible — 277 277 Goodwill — 1,845 1,845 Total assets acquired 139,471 2,929 142,400 Liabilities assumed: Deposits 123,103 243 123,346 Federal Home Loan Bank advances 6,800 — 6,800 Other liabilities 309 — 309 Total liabilities assumed 130,212 243 130,455 Net assets acquired $ 9,259 $ 2,686 $ 11,945 (1) Includes a general credit fair value deduction of $1,722,000; a fair value deduction on credit-impaired loans of $1,475,000; an interest rate fair value benefit of $980,000; and further credited by the write-off of Colonial’s capitalized loan origination costs of $1,650,000.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity	The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at September 30, 2015 and December 31, 2014 are as follows (in thousands): At September 30, 2015 Amortized Gross Gross Estimated Available-for-sale: Investment securities: U.S. agency obligations $ 29,897 $ 211 $ — $ 30,108 Held-to-maturity: Investment securities: U.S. agency obligations $ 55,338 $ 172 $ (2 ) $ 55,508 State and municipal obligations 8,373 25 (3 ) 8,395 Corporate debt securities 55,000 — (6,928 ) 48,072 Total investment securities 118,711 197 (6,933 ) 111,975 Mortgage-backed securities: FHLMC 126,187 867 (658 ) 126,396 FNMA 158,417 3,913 (476 ) 161,854 GNMA 523 104 — 627 Total mortgage-backed securities 285,127 4,884 (1,134 ) 288,877 Total held-to-maturity $ 403,838 $ 5,081 $ (8,067 ) $ 400,852 Total securities $ 433,735 $ 5,292 $ (8,067 ) $ 430,960 At December 31, 2014 Amortized Gross Gross Estimated Available-for-sale: Investment securities: U.S. agency obligations $ 19,900 $ — $ (96 ) $ 19,804 Held-to-maturity: Investment securities: U.S. agency obligations $ 86,394 $ 97 $ (50 ) $ 86,441 State and municipal obligations 13,829 25 (8 ) 13,846 Corporate debt securities 55,000 — (9 750 ) 45,250 Total investment securities 155,223 122 (9,808 ) 145,537 Mortgage-backed securities: FHLMC 141,494 609 (1,659 ) 140,444 FNMA 184,003 4,674 (1,182 ) 187,495 GNMA 620 119 — 739 Total mortgage-backed securities 326,117 5,402 (2,841 ) 328,678 Total held-to-maturity $ 481,340 $ 5,524 $ (12,649 ) $ 474,215 Total securities $ 501,240 $ 5,524 $ (12,745 ) $ 494,019
Carrying Value of Held-to-Maturity Investment Securities	The carrying value of the held-to-maturity investment securities at September 30, 2015 and December 31, 2014 are as follows (in thousands): September 30, December 31, Amortized cost $ 403,838 $ 481,340 Net loss on date of transfer from available-for-sale (13,347 ) (13,347 ) Accretion of net unrealized loss on securities reclassified as held-to-maturity 2,441 1,424 Carrying value $ 392,932 $ 469,417
Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of investment securities at September 30, 2015 by contractual maturity are shown below (in thousands). Actual maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. At September 30, 2015, corporate debt securities with an amortized cost and estimated fair value of $55.0 million and $48.1 million, respectively, were callable prior to the maturity date. September 30, 2015 Amortized Estimated Less than one year $ 45,234 $ 45,281 Due after one year through five years 48,034 48,388 Due after five years through ten years 340 342 Due after ten years 55,000 48,072 $ 148,608 $ 142,083
Estimated Fair Value and Unrealized Loss of Securities Available-for-Sale and Held-to-Maturity	The estimated fair value and unrealized loss of securities available-for-sale and held-to-maturity at September 30, 2015 and December 31, 2014, segregated by the duration of the unrealized loss, are as follows (in thousands): At September 30, 2015 Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Held-to-maturity: Investment securities: U.S. agency obligations $ — $ — $ 5,048 $ (2 ) $ 5,048 $ (2 ) State and municipal obligations 852 (2 ) 643 (1 ) 1,495 (3 ) Corporate debt securities — — 48,072 (6,928 ) 48,072 (6,928 ) Total investment securities 852 (2 ) 53,763 (6,931 ) 54,615 (6,933 ) Mortgage-backed securities: FHLMC 3,601 (10 ) 57,076 (648 ) 60,677 (658 ) FNMA — — 24,777 (476 ) 24,777 (476 ) Total mortgage-backed securities 3,601 (10 ) 81,853 (1,124 ) 85,454 (1,134 ) Total held-to-maturity $ 4,453 $ (12 ) $ 135,616 $ (8,055 ) $ 140,069 $ (8,067 ) Total securities $ 4,453 $ (12 ) $ 135,616 $ (8,055 ) $ 140,069 $ (8,067 ) At December 31, 2014 Less than 12 months 12 months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Available-for-sale: Investment securities: U.S. agency obligations $ 19,804 $ (96 ) $ — $ — $ 19,804 $ (96 ) Held-to-maturity: Investment securities: U.S. agency obligations $ 15,134 $ (9 ) $ 25,409 $ (41 ) $ 40,543 $ (50 ) State and municipal obligations 947 (1 ) 1,827 (7 ) 2,774 (8 ) Corporate debt securities — — 45,250 (9,750 ) 45,250 (9,750 ) Total investment securities 16,081 (10 ) 72,486 (9,798 ) 88,567 (9,808 ) Mortgage-backed securities: FHLMC 9,155 (34 ) 96,975 (1,625 ) 106,130 (1,659 ) FNMA — — 64,932 (1,182 ) 64,932 (1,182 ) Total mortgage-backed securities 9,155 (34 ) 161,907 (2,807 ) 171,062 (2,841 ) Total held-to-maturity $ 25,236 $ (44 ) $ 234,393 $ (12,605 ) $ 259,629 $ (12,649 ) Total securities $ 45,040 $ (140 ) $ 234,393 $ (12,605 ) $ 279,433 $ (12,745 )
Amortized Cost, Estimated Fair Value and Credit Rating of Corporate Debt Securities	At September 30, 2015, 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 Credit Rating BankAmerica Capital $ 15,000 $ 13,875 Ba1/BB+ Chase Capital 10,000 8,525 Baa2/BBB- Wells Fargo Capital 5,000 4,282 A1/BBB+ Huntington Capital 5,000 4,188 Baa2/BB Keycorp Capital 5,000 4,177 Baa2/BB+ PNC Capital 5,000 4,425 Baa1/BBB- State Street Capital 5,000 4,350 A3/BBB SunTrust Capital 5,000 4,250 Baa3/BB+ $ 55,000 $ 48,072

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Components of Loans Receivable, Net	Loans receivable, net at September 30, 2015 and December 31, 2014 consisted of the following (in thousands): September 30, 2015 December 31, 2014 Real estate: One-to-four family $ 786,915 $ 737,889 Commercial real estate, multi family and land 803,340 649,951 Residential construction 51,580 47,552 Consumer 194,306 199,349 Commercial and industrial 129,379 83,946 Total loans 1,965,520 1,718,687 Purchased credit-impaired (“PCI”) loans 1,019 — Loans in process (14,145 ) (16,731 ) Deferred origination costs, net 3,216 3,207 Allowance for loan losses (16,638 ) (16,317 ) Loans receivable, net $ 1,938,972 $ 1,688,846
Analysis of Allowance for Loan Losses	An analysis of the allowance for loan losses for the three and nine months ended September 30, 2015 and 2014 is as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Balance at beginning of period $ 16,534 $ 20,936 $ 16,317 $ 20,930 Provision charged to operations 300 1,000 975 1,805 Charge-offs (211 ) (5,783 ) (900 ) (6,915 ) Recoveries 15 157 246 490 Balance at end of period $ 16,638 $ 16,310 $ 16,638 $ 16,310
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method Excluding PCI Loans	The following table presents an analysis of the allowance for loan losses for the three and nine months ended September 30, 2015 and 2014 and the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2015 and December 31, 2014, excluding PCI loans (in thousands): Residential Commercial Consumer Commercial Unallocated Total For the three months ended September 30, 2015 Allowance for loan losses: Balance at beginning of period $ 3,610 $ 9,229 $ 952 $ 1,686 $ 1,057 $ 16,534 Provision (benefit) charged to operations 1,602 (892 ) 73 (101 ) (382 ) 300 Charge-offs (51 ) — (101 ) (59 ) — (211 ) Recoveries — 10 3 2 — 15 Balance at end of period $ 5,161 $ 8,347 $ 927 $ 1,528 $ 675 $ 16,638 For the three months ended September 30, 2014 Allowance for loan losses: Balance at beginning of period $ 4,397 $ 11,077 $ 1,284 $ 1,163 $ 3,015 $ 20,936 Provision (benefit) charged to operations 4,982 (2,510 ) 173 (123 ) (1,522 ) 1,000 Charge-offs (5,424 ) (323 ) (35 ) (1 ) — (5,783 ) Recoveries 152 — 4 1 — 157 Balance at end of period $ 4,107 $ 8,244 $ 1,426 $ 1,040 $ 1,493 $ 16,310 For the nine months ended September 30, 2015 Allowance for loan losses: Balance at beginning of period $ 4,291 $ 8,935 $ 1,146 $ 863 $ 1,082 $ 16,317 Provision (benefit) charged to operations 920 (504 ) 249 717 (407 ) 975 Charge-offs (174 ) (103 ) (564 ) (59 ) — (900 ) Recoveries 124 19 96 7 — 246 Balance at end of period $ 5,161 $ 8,347 $ 927 $ 1,528 $ 675 $ 16,638 For the nine months ended September 30, 2014 Allowance for loan losses: Balance at beginning of period $ 4,859 $ 10,371 $ 1,360 $ 1,383 $ 2,957 $ 20,930 Provision (benefit) charged to operations 5,007 (1,813 ) 368 (293 ) (1,464 ) 1,805 Charge-offs (6,193 ) (323 ) (348 ) (51 ) — (6,915 ) Recoveries 434 9 46 1 — 490 Balance at end of period $ 4,107 $ 8,244 $ 1,426 $ 1,040 $ 1,493 $ 16,310 September 30, 2015 Allowance for loan losses: Ending allowance balance attributed to loans: Individually evaluated for impairment $ 67 $ 1,991 $ 22 $ 320 $ — $ 2,400 Collectively evaluated for impairment 5,094 6,356 905 1,208 675 14,238 Total ending allowance balance $ 5,161 $ 8,347 $ 927 $ 1,528 $ 675 $ 16,638 Loans: Loans individually evaluated for impairment $ 12,377 $ 29,573 $ 2,373 $ 1,250 $ — $ 45,573 Loans collectively evaluated for impairment 826,118 773,767 191,933 128,129 — 1,919,947 Total ending loan balance $ 838,495 $ 803,340 $ 194,306 $ 129,379 $ — $ 1,965,520 December 31, 2014 Allowance for loan losses: Ending allowance balance attributed to loans: Individually evaluated for impairment $ 88 $ 1,741 $ 332 $ — $ — $ 2,161 Collectively evaluated for impairment 4,203 7,194 814 863 1,082 14,156 Total ending allowance balance $ 4,291 $ 8,935 $ 1,146 $ 863 $ 1,082 $ 16,317 Loans: Loans individually evaluated for impairment $ 12,879 $ 21,165 $ 2,221 $ 714 $ — $ 36,979 Loans collectively evaluated for impairment 772,562 628,786 197,128 83,232 — 1,681,708 Total ending loan balance $ 785,441 $ 649,951 $ 199,349 $ 83,946 $ — $ 1,718,687
Summary of Impaired Loans Excluding PCI Loans	A summary of impaired loans at September 30, 2015 and December 31, 2014 is as follows, excluding PCI loans (in thousands): September 30, December 31, Impaired loans with no allocated allowance for loan losses $ 34,015 $ 26,487 Impaired loans with allocated allowance for loan losses 11,558 10,492 $ 45,573 $ 36,979 Amount of the allowance for loan losses allocated $ 2,400 $ 2,161
Summary of Loans Individually Evaluated for Impairment by Loan Portfolio Segment Excluding PCI Loans	The summary of loans individually evaluated for impairment by loan portfolio segment as of September 30, 2015 and December 31, 2014 and for the three months ended September 30, 2015 and 2014 follows, excluding PCI loans (in thousands): Unpaid Recorded Allowance As of September 30, 2015 With no related allowance recorded: Residential real estate $ 12,536 $ 12,117 $ — Commercial real estate 19,095 18,992 — Consumer 2,601 2,203 — Commercial and industrial 703 703 — $ 34,935 $ 34,015 $ — With an allowance recorded: Residential real estate $ 294 $ 260 $ 67 Commercial real estate 10,578 10,581 1,991 Consumer 207 170 22 Commercial and industrial 547 547 320 $ 11,626 $ 11,558 $ 2,400 As of December 31, 2014 With no related allowance recorded: Residential real estate $ 12,351 $ 11,931 $ — Commercial real estate 12,174 12,142 — Consumer 2,243 1,700 — Commercial and industrial 714 714 — $ 27,482 $ 26,487 $ — With an allowance recorded: Residential real estate $ 948 $ 948 $ 88 Commercial real estate 9,023 9,023 1,741 Consumer 521 521 332 Commercial and industrial — — — $ 10,492 $ 10,492 $ 2,161 Three months ended September 30, 2015 2014 Average Interest Average Interest With no related allowance recorded: Residential real estate $ 12,580 $ 141 $ 17,328 $ 159 Commercial real estate 17,931 84 11,186 69 Consumer 2,266 28 1,765 24 Commercial and industrial 703 3 276 3 $ 33,480 $ 256 $ 30,555 $ 255 With an allowance recorded: Residential real estate $ 260 $ 2 $ 1,462 $ 13 Commercial real estate 10,635 — 9,140 25 Consumer 85 — 592 10 Commercial and industrial 547 — — — $ 11,527 $ 2 $ 11,194 $ 48 Nine months ended September 30, 2015 2014 Average Interest Average Interest With no related allowance recorded: Residential real estate $ 12,634 $ 434 $ 17,493 $ 476 Commercial real estate 14,691 270 10,883 152 Consumer 2,222 87 2,043 65 Commercial and industrial 707 8 277 7 $ 30,254 $ 799 $ 30,696 $ 700 With an allowance recorded: Residential real estate $ 261 $ 8 $ 1,330 $ 44 Commercial real estate 10,153 11 9,502 77 Consumer 28 1 634 31 Commercial and industrial 304 2 — — $ 10,746 $ 22 $ 11,466 $ 152
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 September 30, 2015 and December 31, 2014, excluding PCI loans (in thousands): September 30, 2015 December 31, 2014 Residential real estate $ 5,481 $ 3,115 Commercial real estate 17,057 12,758 Consumer 1,741 1,877 Commercial and industrial 115 557 $ 24,394 $ 18,307
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 September 30, 2015 and December 31, 2014 by loan portfolio segment, excluding PCI loans (in thousands): 30-59 60-89 Greater Total Loans Not Total September 30, 2015 Residential real estate $ 5,169 $ 1,793 $ 4,322 $ 11,284 $ 827,211 $ 838,495 Commercial real estate 816 — 17,057 17,873 785,467 803,340 Consumer 858 89 1,568 2,515 191,791 194,306 Commercial and industrial — — 115 115 129,264 129,379 $ 6,843 $ 1,882 $ 23,062 $ 31,787 $ 1,933,733 $ 1,965,520 December 31, 2014 Residential real estate $ 7,365 $ 1,695 $ 1,619 $ 10,679 $ 774,762 $ 785,441 Commercial real estate 119 — 12,758 12,877 637,074 649,951 Consumer 845 232 1,833 2,910 196,439 199,349 Commercial and industrial — — 557 557 83,389 83,946 $ 8,329 $ 1,927 $ 16,767 $ 27,023 $ 1,691,664 $ 1,718,687
Risk Category of Loans by Loan Portfolio Segment Excluding PCI Loans	As of September 30, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by loan portfolio segment is as follows, excluding PCI loans (in thousands): Pass Special Substandard Doubtful Total September 30, 2015 Commercial real estate $ 760,756 $ 10,727 $ 31,857 $ — $ 803,340 Commercial and industrial 127,175 808 1,396 — 129,379 $ 887,931 $ 11,535 $ 33,253 $ — $ 932,719 December 31, 2014 Commercial real estate $ 611,987 $ 12,684 $ 25,280 $ — $ 649,951 Commercial and industrial 82,693 173 1,080 — 83,946 $ 694,680 $ 12,857 $ 26,360 $ — $ 733,897
Recorded Investment in Residential and Consumer Loans Based on Payment Activity Excluding PCI Loans	The following table presents the recorded investment in residential and consumer loans based on payment activity as of September 30, 2015 and December 31, 2014, excluding PCI loans (in thousands): Residential Real Estate Residential Consumer September 30, 2105 Performing $ 833,014 $ 192,565 Non-performing 5,481 1,741 $ 838,495 $ 194,306 December 31, 2014 Performing $ 782,326 $ 197,472 Non-performing 3,115 1,877 $ 785,441 $ 199,349
Troubled Debt Restructurings	The following table presents information about troubled debt restructurings which occurred during the three and nine months ended September 30, 2015 and 2014, and troubled debt restructurings modified within the previous year and which defaulted during the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Number of Loans Pre-modification Post-modification Three months ended September 30, 2015 Troubled Debt Restructurings: Commercial real estate 1 $ 63 $ 63 Consumer 1 207 170 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Post-modification Nine months ended September 30, 2015 Troubled Debt Restructurings: Residential real estate 4 $ 509 $ 472 Commercial real estate 4 6,095 5,944 Consumer 9 599 547 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Post-modification Three months ended September 30, 2014 Troubled Debt Restructurings: Residential real estate 5 $ 1,041 $ 933 Consumer 4 51 9 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None Number of Loans Pre-modification Post-modification Nine months ended September 30, 2014 Troubled Debt Restructurings: Residential real estate 9 $ 1,921 $ 1,731 Consumer 9 221 178 Number of Loans Recorded Investment Troubled Debt Restructurings Which Subsequently Defaulted: None None
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period	The following table presents information regarding the estimates of the contractually required payments, the cash flows expected to be collected and the estimated fair value of the PCI loans acquired from Colonial at July 31, 2015 (in thousands): July 31, 2015 Contractually required principal and interest $ 3,263 Contractual cash flows not expected to be collected (non-accretable discount) (2,012 ) Expected cash flows to be collected at acquisition 1,251 Interest component of expected cash flows (accretable yield) (220 ) Fair value of acquired loans $ 1,031 The following table summarizes the changes in accretable yield for PCI loans during the three and nine months ended September 30, 2015 (in thousands): Three and Nine months ended Beginning balance $ — Acquisition 220 Accretion (14 ) Reclassification from non-accretable difference — Ending balance $ 206

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2015
Banking and Thrift [Abstract]
Summary of Major Types of Deposits	The major types of deposits at September 30, 2015 and December 31, 2014 were as follows (in thousands): Type of Account September 30, 2015 December 31, 2014 Non-interest-bearing $ 362,079 $ 279,944 Interest-bearing checking 883,940 836,120 Money market deposit 151,657 95,663 Savings 310,009 301,190 Time deposits 260,086 207,218 Total deposits $ 1,967,771 $ 1,720,135

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
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 September 30, 2015 and December 31, 2014, 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: September 30, 2015 Total Fair Level 1 Level 2 Level 3 Items measured on a recurring basis: Investment securities available-for-sale: U.S. agency obligations $ 30,108 $ — $ 30,108 $ — Items measured on a non-recurring basis: Other real estate owned 3,262 — — 3,262 Loans measured for impairment based on the fair value of the underlying collateral 12,844 — — 12,844 Fair Value Measurements at Reporting Date Using: December 31, 2014 Total Fair Level 1 Level 2 Level 3 Items measured on a recurring basis: Investment securities available-for-sale: U.S. agency obligations $ 19,804 $ — $ 19,804 $ — Items measured on a non-recurring basis: Other real estate owned 4,664 — — 4,664 Loans measured for impairment based on the fair value of the underlying collateral 11,675 — — 11,675
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 September 30, 2015 and December 31, 2014 are presented in the following tables (in thousands): Fair Value Measurements at Reporting Date Using: September 30, 2015 Book Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 50,576 $ 50,576 $ — $ — Securities held-to-maturity 392,932 — 400,852 — Federal Home Loan Bank of New York stock 15,970 — — 15,970 Loans receivable and mortgage loans held for sale 1,941,278 — — 1,960,827 Financial Liabilities: Deposits other than time deposits 1,707,685 — 1,707,685 — Time deposits 260,086 — 261,888 — Securities sold under agreements to repurchase with retail customers 77,993 77,993 — — Federal Home Loan Bank advances and other borrowings 260,506 — 262,488 — Fair Value Measurements at Reporting Date Using: December 31, 2014 Book Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 36,117 $ 36,117 $ — $ — Securities held-to-maturity 469,417 — 474,215 — Federal Home Loan Bank of New York stock 19,170 — — 19,170 Loans receivable and mortgage loans held for sale 1,693,047 — — 1,709,819 Financial Liabilities: Deposits other than time deposits 1,512,917 — 1,512,917 — Time deposits 207,218 — 208,651 — Securities sold under agreements to repurchase with retail customers 67,812 67,812 — — Federal Home Loan Bank advances and other borrowings 332,738 — 332,432 —

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Shares Outstanding for Basic and Diluted Earnings per Share (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Weighted average shares issued net of Treasury shares	17,146	17,132	16,954	17,261
Less: Unallocated ESOP shares	(374)	(407)	(382)	(416)
Unallocated incentive award shares and shares held by deferred compensation plan	(39)	(102)	(50)	(97)
Average basic shares outstanding	16,733	16,623	16,522	16,748
Average basic shares outstanding	16,733	16,623	16,522	16,748
Add: Effect of dilutive securities:
Stock options	200	61	204	93
Shares held by deferred compensation plan	20	20	20	24
Average diluted shares outstanding	16,953	16,704	16,746	16,865

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Antidilutive stock options and warrants excluded from earnings per share calculations	1,064,000	781,000	740,000	764,000

Business Combination - Addition

Business Combination - Additional Information (Detail) - Colonial American Bank [Member]	Jul. 31, 2015USD ($)
Business Acquisition [Line Items]
Purchase accounting adjustments, assets	$ 142,400,000
Purchase accounting adjustments, loans	121,196,000
Purchase accounting adjustments, deposits	123,346,000
Total consideration paid	11,900,000
Cash consideration paid for outstanding warrants and fractional shares	$ 127,000

Business Combination - Summary

Business Combination - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed at Date of Acquisition (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Jul. 31, 2015
Assets acquired:
Goodwill	$ 1,845
Colonial American Bank [Member]
Assets acquired:
Securities		$ 6,758
Loans		121,196
Other real estate owned		257
Deferred tax asset - recognition of net operating loss carryforward		2,292
Deferred tax asset - relating to purchase accounting adjustments		952
Other assets		8,823
Core deposit intangible		277
Goodwill		1,845
Total assets acquired		142,400
Liabilities assumed:
Deposits		123,346
Federal Home Loan Bank advances		6,800
Other liabilities		309
Total liabilities assumed		130,455
Net assets acquired		11,945
Colonial American Bank [Member] | Book Value [Member]
Assets acquired:
Securities		6,758
Loans		125,063
Allowance for loan losses		(1,578)
Other real estate owned		405
Other assets		8,823
Total assets acquired		139,471
Liabilities assumed:
Deposits		123,103
Federal Home Loan Bank advances		6,800
Other liabilities		309
Total liabilities assumed		130,212
Net assets acquired		9,259
Colonial American Bank [Member] | Purchase Accounting Adjustments [Member]
Assets acquired:
Loans		(3,867)
Allowance for loan losses		1,578
Other real estate owned		(148)
Deferred tax asset - recognition of net operating loss carryforward		2,292
Deferred tax asset - relating to purchase accounting adjustments		952
Core deposit intangible		277
Goodwill		1,845
Total assets acquired		2,929
Liabilities assumed:
Deposits		243
Total liabilities assumed		243
Net assets acquired		$ 2,686

Business Combination - Summar30

Business Combination - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed at Date of Acquisition (Parenthetical) (Detail) - Colonial American Bank [Member]	Jul. 31, 2015USD ($)
Business Acquisition [Line Items]
Fair value deduction on loans	$ 1,722,000
Fair value deduction on credit-impaired loans	1,475,000
Interest rate fair value benefit on loans	980,000
Write-off of capitalized loan origination costs	$ 1,650,000

Securities - Amortized Cost and

Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities Financing Transaction [Line Items]
Available-for-sale, Estimated Fair Value	$ 30,108	$ 19,804
Held-to-maturity, Amortized Cost	403,838	481,340
Held-to-maturity, Estimated Fair Value	400,852	474,215
Total, Amortized Cost	433,735	501,240
Total, Gross Unrealized Gains	5,292	5,524
Total, Gross Unrealized Losses	(8,067)	(12,745)
Total, Estimated Fair Value	430,960	494,019
Corporate Debt Securities [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	55,000
Held-to-maturity, Estimated Fair Value	48,072
Held-to-Maturity Securities [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	403,838	481,340
Held-to-maturity, Gross Unrealized Gains	5,081	5,524
Held-to-maturity, Gross Unrealized Losses	(8,067)	(12,649)
Held-to-maturity, Estimated Fair Value	400,852	474,215
Investment Securities [Member] | U.S. Agency Obligations [Member]
Securities Financing Transaction [Line Items]
Available-for-sale, Amortized Cost	29,897	19,900
Available-for-sale, Gross Unrealized Gains	211
Available-for-sale, Gross Unrealized Losses		(96)
Available-for-sale, Estimated Fair Value	30,108	19,804
Investment Securities [Member] | Held-to-Maturity Securities [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	118,711	155,223
Held-to-maturity, Gross Unrealized Gains	197	122
Held-to-maturity, Gross Unrealized Losses	(6,933)	(9,808)
Held-to-maturity, Estimated Fair Value	111,975	145,537
Investment Securities [Member] | Held-to-Maturity Securities [Member] | U.S. Agency Obligations [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	55,338	86,394
Held-to-maturity, Gross Unrealized Gains	172	97
Held-to-maturity, Gross Unrealized Losses	(2)	(50)
Held-to-maturity, Estimated Fair Value	55,508	86,441
Investment Securities [Member] | Held-to-Maturity Securities [Member] | State and Municipal Obligations [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	8,373	13,829
Held-to-maturity, Gross Unrealized Gains	25	25
Held-to-maturity, Gross Unrealized Losses	(3)	(8)
Held-to-maturity, Estimated Fair Value	8,395	13,846
Investment Securities [Member] | Held-to-Maturity Securities [Member] | Corporate Debt Securities [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	55,000	55,000
Held-to-maturity, Gross Unrealized Losses	(6,928)	(9,750)
Held-to-maturity, Estimated Fair Value	48,072	45,250
Mortgage-Backed Securities [Member] | Held-to-Maturity Securities [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	285,127	326,117
Held-to-maturity, Gross Unrealized Gains	4,884	5,402
Held-to-maturity, Gross Unrealized Losses	(1,134)	(2,841)
Held-to-maturity, Estimated Fair Value	288,877	328,678
Mortgage-Backed Securities [Member] | Held-to-Maturity Securities [Member] | FHLMC [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	126,187	141,494
Held-to-maturity, Gross Unrealized Gains	867	609
Held-to-maturity, Gross Unrealized Losses	(658)	(1,659)
Held-to-maturity, Estimated Fair Value	126,396	140,444
Mortgage-Backed Securities [Member] | Held-to-Maturity Securities [Member] | FNMA [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	158,417	184,003
Held-to-maturity, Gross Unrealized Gains	3,913	4,674
Held-to-maturity, Gross Unrealized Losses	(476)	(1,182)
Held-to-maturity, Estimated Fair Value	161,854	187,495
Mortgage-Backed Securities [Member] | Held-to-Maturity Securities [Member] | GNMA [Member]
Securities Financing Transaction [Line Items]
Held-to-maturity, Amortized Cost	523	620
Held-to-maturity, Gross Unrealized Gains	104	119
Held-to-maturity, Estimated Fair Value	$ 627	$ 739

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2015	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]
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 or losses on the sale of securities	$ 0	$ 591,000		$ 0	$ 938,000
Corporate debt securities, callable, amortized cost	55,000,000			55,000,000
Corporate debt securities, callable, estimated fair value	$ 48,100,000			$ 48,100,000
Floating-rate securities, purchased period				1,998
Floating-rate debt securities, fixed interest rate period				Over 90-day LIBOR
Principal maturity year				2028 or prior if called by the issuer

Securities - Carrying Value of

Securities - Carrying Value of Held-to-Maturity Investment Securities (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Amortized Cost	$ 403,838	$ 481,340
Net loss on date of transfer from available-for-sale	(13,347)	(13,347)
Accretion of net unrealized loss on securities reclassified as held-to-maturity	2,441	1,424
Carrying value	$ 392,932	$ 469,417

Securities - Amortized Cost a34

Securities - Amortized Cost and Estimated Fair Value of Investment Securities by Contractual Maturity (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Investments, Debt and Equity Securities [Abstract]
Less than one year, Amortized Cost	$ 45,234
Due after one year through five years, Amortized Cost	48,034
Due after five years through ten years, Amortized Cost	340
Due after ten years, Amortized Cost	55,000
Total Amortized Cost	148,608
Less than one year, Estimated Fair Value	45,281
Due after one year through five years, Estimated Fair Value	48,388
Due after five years through ten years, Estimated Fair Value	342
Due after ten years, Estimated Fair Value	48,072
Total Estimated Fair Value	$ 142,083

Securities - Estimated Fair Val

Securities - Estimated Fair Value and Unrealized Loss of Securities Available-for-Sale and Held-to-Maturity (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Total securities, Less than 12 months, Estimated Fair Value	$ 4,453	$ 45,040
Total securities, Less than 12 months, Unrealized Losses	(12)	(140)
Total securities, 12 months or longer, Estimated Fair Value	135,616	234,393
Total securities, 12 months or longer, Unrealized Losses	(8,055)	(12,605)
Total securities, Estimated Fair Value	140,069	279,433
Total securities, Unrealized Losses	(8,067)	(12,745)
Investment Securities [Member] | U.S. Agency Obligations [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Available-for-sale, Less than 12 months, Estimated Market Value		19,804
Available-for-sale, Less than 12 months, Unrealized Losses		(96)
Available-for-sale, 12 months or longer, Estimated Market Value		0
Available-for-sale, 12 months or longer, Unrealized Losses		0
Available-for-sale, Total, Estimated Market Value		19,804
Available-for-sale, Total, Unrealized Losses		(96)
Held-to-Maturity Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	4,453	25,236
Held-to-maturity, Less than 12 months, Unrealized Losses	(12)	(44)
Held-to-maturity, 12 months or longer, Estimated Fair Value	135,616	234,393
Held-to-maturity, 12 months or longer, Unrealized Losses	(8,055)	(12,605)
Held-to-maturity, Total, Estimated Fair Value	140,069	259,629
Held-to-maturity, Total, Unrealized Losses	(8,067)	(12,649)
Held-to-Maturity Securities [Member] | Investment Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	852	16,081
Held-to-maturity, Less than 12 months, Unrealized Losses	(2)	(10)
Held-to-maturity, 12 months or longer, Estimated Fair Value	53,763	72,486
Held-to-maturity, 12 months or longer, Unrealized Losses	(6,931)	(9,798)
Held-to-maturity, Total, Estimated Fair Value	54,615	88,567
Held-to-maturity, Total, Unrealized Losses	(6,933)	(9,808)
Held-to-Maturity Securities [Member] | Investment Securities [Member] | U.S. Agency Obligations [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value		15,134
Held-to-maturity, Less than 12 months, Unrealized Losses		(9)
Held-to-maturity, 12 months or longer, Estimated Fair Value	5,048	25,409
Held-to-maturity, 12 months or longer, Unrealized Losses	(2)	(41)
Held-to-maturity, Total, Estimated Fair Value	5,048	40,543
Held-to-maturity, Total, Unrealized Losses	(2)	(50)
Held-to-Maturity Securities [Member] | Investment Securities [Member] | State and Municipal Obligations [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	852	947
Held-to-maturity, Less than 12 months, Unrealized Losses	(2)	(1)
Held-to-maturity, 12 months or longer, Estimated Fair Value	643	1,827
Held-to-maturity, 12 months or longer, Unrealized Losses	(1)	(7)
Held-to-maturity, Total, Estimated Fair Value	1,495	2,774
Held-to-maturity, Total, Unrealized Losses	(3)	(8)
Held-to-Maturity Securities [Member] | Investment Securities [Member] | Corporate Debt Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, 12 months or longer, Estimated Fair Value	48,072	45,250
Held-to-maturity, 12 months or longer, Unrealized Losses	(6,928)	(9,750)
Held-to-maturity, Total, Estimated Fair Value	48,072	45,250
Held-to-maturity, Total, Unrealized Losses	(6,928)	(9,750)
Held-to-Maturity Securities [Member] | Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	3,601	9,155
Held-to-maturity, Less than 12 months, Unrealized Losses	(10)	(34)
Held-to-maturity, 12 months or longer, Estimated Fair Value	81,853	161,907
Held-to-maturity, 12 months or longer, Unrealized Losses	(1,124)	(2,807)
Held-to-maturity, Total, Estimated Fair Value	85,454	171,062
Held-to-maturity, Total, Unrealized Losses	(1,134)	(2,841)
Held-to-Maturity Securities [Member] | Mortgage-Backed Securities [Member] | FHLMC [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, Less than 12 months, Estimated Fair Value	3,601	9,155
Held-to-maturity, Less than 12 months, Unrealized Losses	(10)	(34)
Held-to-maturity, 12 months or longer, Estimated Fair Value	57,076	96,975
Held-to-maturity, 12 months or longer, Unrealized Losses	(648)	(1,625)
Held-to-maturity, Total, Estimated Fair Value	60,677	106,130
Held-to-maturity, Total, Unrealized Losses	(658)	(1,659)
Held-to-Maturity Securities [Member] | Mortgage-Backed Securities [Member] | FNMA [Member]
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Held-to-maturity, 12 months or longer, Estimated Fair Value	24,777	64,932
Held-to-maturity, 12 months or longer, Unrealized Losses	(476)	(1,182)
Held-to-maturity, Total, Estimated Fair Value	24,777	64,932
Held-to-maturity, Total, Unrealized Losses	$ (476)	$ (1,182)

Securities - Amortized Cost, Es

Securities - Amortized Cost, Estimated Fair Value and Credit Rating of Corporate Debt Securities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 403,838	$ 481,340
Estimated Fair Value	400,852	$ 474,215
BankAmerica Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	15,000
Estimated Fair Value	$ 13,875
Credit Rating Moody's/S&P	Ba1/BB+
Chase Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 10,000
Estimated Fair Value	$ 8,525
Credit Rating Moody's/S&P	Baa2/BBB-
Wells Fargo Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,282
Credit Rating Moody's/S&P	A1/BBB+
Huntington Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,188
Credit Rating Moody's/S&P	Baa2/BB
Keycorp Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,177
Credit Rating Moody's/S&P	Baa2/BB+
PNC Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,425
Credit Rating Moody's/S&P	Baa1/BBB-
State Street Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,350
Credit Rating Moody's/S&P	A3/BBB
SunTrust Capital [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,000
Estimated Fair Value	$ 4,250
Credit Rating Moody's/S&P	Baa3/BB+
Corporate Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 55,000
Estimated Fair Value	$ 48,072

Loans Receivable, Net - Compone

Loans Receivable, Net - Components of Loans Receivable, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Consumer	$ 194,306		$ 199,349
Commercial and industrial	129,379		83,946
Total loans	1,965,520		1,718,687
Purchased credit-impaired ("PCI") loans	1,019
Loans in process	(14,145)		(16,731)
Deferred origination costs, net	3,216		3,207
Allowance for loan losses	(16,638)	$ (16,534)	(16,317)	$ (16,310)	$ (20,936)	$ (20,930)
Loans receivable, net	1,938,972		1,688,846
One-to-Four Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Real estate	786,915		737,889
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Real estate	803,340		649,951
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Real estate	$ 51,580		$ 47,552

Loans Receivable, Net - Additio

Loans Receivable, Net - Additional Information (Detail) - USD ($)	Jul. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans with non-accrual of interest		$ 24,394,000		$ 24,394,000		$ 18,307,000
Financing receivables 90 days past due and still accruing		0		0
Impaired loans on non-accrual commercial real estate, multi-family, land, construction and commercial loans				250,000
Impaired loan portfolio total		45,573,000		45,573,000		36,979,000
Allocation in allowance for loan losses		2,400,000		2,400,000		2,161,000
Average balance of impaired loans		46,211,000	$ 41,749,000	40,909,000	$ 42,162,000
Troubled debt restructuring loans		30,754,000		30,754,000		23,493,000
Troubled debt restructuring loans with accrual interest		26,935,000		26,935,000		21,462,000
Non-accrual loan total troubled debt restructurings		3,819,000				2,031,000
Specific reserves to loans accruing troubled debt restructurings		587,000		587,000		419,000
Colonial American Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 0
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans with non-accrual of interest		5,481,000		5,481,000		3,115,000
Recorded investment in mortgage and consumer loans collateralized, foreclosure amount		2,852,000		2,852,000
Foreclosed property held		3,104,000		3,104,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans with non-accrual of interest		17,057,000		17,057,000		$ 12,758,000
Loans classified as troubled debt restructurings		$ 3,900,000		$ 3,900,000

Loans Receivable, Net - Analysi

Loans Receivable, Net - Analysis of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Receivables [Abstract]
Balance at beginning of period	$ 16,534	$ 20,936	$ 16,317	$ 20,930
Provision charged to operations	300	1,000	975	1,805
Charge-offs	(211)	(5,783)	(900)	(6,915)
Recoveries	15	157	246	490
Balance at end of period	$ 16,638	$ 16,310	$ 16,638	$ 16,310

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 (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Allowance for loan losses:
Balance at beginning of period	$ 16,534	$ 20,936	$ 16,317	$ 20,930
Provision (benefit) charged to operations	300	1,000	975	1,805
Charge-offs	(211)	(5,783)	(900)	(6,915)
Recoveries	15	157	246	490
Balance at end of period	16,638	16,310	16,638	16,310
Ending allowance balance attributed to loans:
Individually evaluated for impairment	2,400		2,400		$ 2,161
Collectively evaluated for impairment	14,238		14,238		14,156
Total ending allowance balance	16,638		16,638		16,317
Loans:
Loans individually evaluated for impairment	45,573		45,573		36,979
Loans collectively evaluated for impairment	1,919,947		1,919,947		1,681,708
Total loans	1,965,520		1,965,520		1,718,687
Residential Real Estate [Member]
Allowance for loan losses:
Balance at beginning of period	3,610	4,397	4,291	4,859
Provision (benefit) charged to operations	1,602	4,982	920	5,007
Charge-offs	(51)	(5,424)	(174)	(6,193)
Recoveries		152	124	434
Balance at end of period	5,161	4,107	5,161	4,107
Ending allowance balance attributed to loans:
Individually evaluated for impairment	67		67		88
Collectively evaluated for impairment	5,094		5,094		4,203
Total ending allowance balance	5,161		5,161		4,291
Loans:
Loans individually evaluated for impairment	12,377		12,377		12,879
Loans collectively evaluated for impairment	826,118		826,118		772,562
Total loans	838,495		838,495		785,441
Commercial Real Estate [Member]
Allowance for loan losses:
Balance at beginning of period	9,229	11,077	8,935	10,371
Provision (benefit) charged to operations	(892)	(2,510)	(504)	(1,813)
Charge-offs		(323)	(103)	(323)
Recoveries	10		19	9
Balance at end of period	8,347	8,244	8,347	8,244
Ending allowance balance attributed to loans:
Individually evaluated for impairment	1,991		1,991		1,741
Collectively evaluated for impairment	6,356		6,356		7,194
Total ending allowance balance	8,347		8,347		8,935
Loans:
Loans individually evaluated for impairment	29,573		29,573		21,165
Loans collectively evaluated for impairment	773,767		773,767		628,786
Total loans	803,340		803,340		649,951
Consumer [Member]
Allowance for loan losses:
Balance at beginning of period	952	1,284	1,146	1,360
Provision (benefit) charged to operations	73	173	249	368
Charge-offs	(101)	(35)	(564)	(348)
Recoveries	3	4	96	46
Balance at end of period	927	1,426	927	1,426
Ending allowance balance attributed to loans:
Individually evaluated for impairment	22		22		332
Collectively evaluated for impairment	905		905		814
Total ending allowance balance	927		927		1,146
Loans:
Loans individually evaluated for impairment	2,373		2,373		2,221
Loans collectively evaluated for impairment	191,933		191,933		197,128
Total loans	194,306		194,306		199,349
Commercial and Industrial [Member]
Allowance for loan losses:
Balance at beginning of period	1,686	1,163	863	1,383
Provision (benefit) charged to operations	(101)	(123)	717	(293)
Charge-offs	(59)	(1)	(59)	(51)
Recoveries	2	1	7	1
Balance at end of period	1,528	1,040	1,528	1,040
Ending allowance balance attributed to loans:
Individually evaluated for impairment	320		320
Collectively evaluated for impairment	1,208		1,208		863
Total ending allowance balance	1,528		1,528		863
Loans:
Loans individually evaluated for impairment	1,250		1,250		714
Loans collectively evaluated for impairment	128,129		128,129		83,232
Total loans	129,379		129,379		83,946
Unallocated [Member]
Allowance for loan losses:
Balance at beginning of period	1,057	3,015	1,082	2,957
Provision (benefit) charged to operations	(382)	(1,522)	(407)	(1,464)
Balance at end of period	675	$ 1,493	675	$ 1,493
Ending allowance balance attributed to loans:
Collectively evaluated for impairment	675		675		1,082
Total ending allowance balance	$ 675		$ 675		$ 1,082

Loans Receivable, Net - Summary

Loans Receivable, Net - Summary of Impaired Loans Excluding PCI Loans (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Receivables [Abstract]
Impaired loans with no allocated allowance for loan losses	$ 34,015,000	$ 26,487,000
Impaired loans with allocated allowance for loan losses	11,558,000	10,492,000
Total	45,573,000	36,979,000
Amount of the allowance for loan losses allocated	$ 2,400,000	$ 2,161,000

Loans Receivable, Net - Summa42

Loans Receivable, Net - Summary of Loans Individually Evaluated for Impairment by Loan Portfolio Segment Excluding PCI Loans (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 45,573,000		$ 45,573,000		$ 36,979,000
Allowance for Loan Losses Allocated	2,400,000		2,400,000		2,161,000
With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	34,935,000		34,935,000		27,482,000
Recorded Investment	34,015,000		34,015,000		26,487,000
Average Recorded Investment	33,480,000	$ 30,555,000	30,254,000	$ 30,696,000
Interest Income Recognized	256,000	255,000	799,000	700,000
With an Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	11,626,000		11,626,000		10,492,000
Recorded Investment	11,558,000		11,558,000		10,492,000
Allowance for Loan Losses Allocated	2,400,000		2,400,000		2,161,000
Average Recorded Investment	11,527,000	11,194,000	10,746,000	11,466,000
Interest Income Recognized	2,000	48,000	22,000	152,000
Residential Real Estate [Member] | With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	12,536,000		12,536,000		12,351,000
Recorded Investment	12,117,000		12,117,000		11,931,000
Average Recorded Investment	12,580,000	17,328,000	12,634,000	17,493,000
Interest Income Recognized	141,000	159,000	434,000	476,000
Residential Real Estate [Member] | With an Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	294,000		294,000		948,000
Recorded Investment	260,000		260,000		948,000
Allowance for Loan Losses Allocated	67,000		67,000		88,000
Average Recorded Investment	260,000	1,462,000	261,000	1,330,000
Interest Income Recognized	2,000	13,000	8,000	44,000
Commercial Real Estate [Member] | With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	19,095,000		19,095,000		12,174,000
Recorded Investment	18,992,000		18,992,000		12,142,000
Average Recorded Investment	17,931,000	11,186,000	14,691,000	10,883,000
Interest Income Recognized	84,000	69,000	270,000	152,000
Commercial Real Estate [Member] | With an Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	10,578,000		10,578,000		9,023,000
Recorded Investment	10,581,000		10,581,000		9,023,000
Allowance for Loan Losses Allocated	1,991,000		1,991,000		1,741,000
Average Recorded Investment	10,635,000	9,140,000	10,153,000	9,502,000
Interest Income Recognized		25,000	11,000	77,000
Consumer [Member] | With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	2,601,000		2,601,000		2,243,000
Recorded Investment	2,203,000		2,203,000		1,700,000
Average Recorded Investment	2,266,000	1,765,000	2,222,000	2,043,000
Interest Income Recognized	28,000	24,000	87,000	65,000
Consumer [Member] | With an Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	207,000		207,000		521,000
Recorded Investment	170,000		170,000		521,000
Allowance for Loan Losses Allocated	22,000		22,000		332,000
Average Recorded Investment	85,000	592,000	28,000	634,000
Interest Income Recognized		10,000	1,000	31,000
Commercial and Industrial [Member] | With No Related Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	703,000		703,000		714,000
Recorded Investment	703,000		703,000		$ 714,000
Average Recorded Investment	703,000	276,000	707,000	277,000
Interest Income Recognized	3,000	$ 3,000	8,000	$ 7,000
Commercial and Industrial [Member] | With an Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	547,000		547,000
Recorded Investment	547,000		547,000
Allowance for Loan Losses Allocated	320,000		320,000
Average Recorded Investment	$ 547,000		304,000
Interest Income Recognized			$ 2,000

Loans Receivable, Net - Recorde

Loans Receivable, Net - Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment in Non-accrual Loans	$ 24,394,000	$ 18,307,000
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment in Non-accrual Loans	1,741,000	1,877,000
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment in Non-accrual Loans	115,000	557,000
Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment in Non-accrual Loans	5,481,000	3,115,000
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment in Non-accrual Loans	$ 17,057,000	$ 12,758,000

Loans Receivable, Net - Aging o

Loans Receivable, Net - Aging of Recorded Investment in Past Due Loans Excluding PCI Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Greater than 90 Days Past Due	$ 23,062	$ 16,767
Total Past Due	31,787	27,023
Loans Not Past Due	1,933,733	1,691,664
Total loans	1,965,520	1,718,687
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,843	8,329
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,882	1,927
Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Greater than 90 Days Past Due	4,322	1,619
Total Past Due	11,284	10,679
Loans Not Past Due	827,211	774,762
Total loans	838,495	785,441
Residential Real Estate [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,169	7,365
Residential Real Estate [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,793	1,695
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Greater than 90 Days Past Due	17,057	12,758
Total Past Due	17,873	12,877
Loans Not Past Due	785,467	637,074
Total loans	803,340	649,951
Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	816	119
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Greater than 90 Days Past Due	1,568	1,833
Total Past Due	2,515	2,910
Loans Not Past Due	191,791	196,439
Total loans	194,306	199,349
Consumer [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	858	845
Consumer [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	89	232
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Greater than 90 Days Past Due	115	557
Total Past Due	115	557
Loans Not Past Due	129,264	83,389
Total loans	$ 129,379	$ 83,946

Loans Receivable, Net - Risk Ca

Loans Receivable, Net - Risk Category of Loans by Loan Portfolio Segment Excluding PCI Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loan	$ 932,719	$ 733,897
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	803,340	649,951
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	129,379	83,946
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	887,931	694,680
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	760,756	611,987
Pass [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	127,175	82,693
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	11,535	12,857
Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	10,727	12,684
Special Mention [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	808	173
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	33,253	26,360
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	31,857	25,280
Substandard [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan	$ 1,396	$ 1,080

Loans Receivable, Net - Recor46

Loans Receivable, Net - Recorded Investment in Residential and Consumer Loans Based on Payment Activity Excluding PCI Loans (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Non-performing	$ 24,394,000	$ 18,307,000
Total loans	1,965,520,000	1,718,687,000
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Non-performing	5,481,000	3,115,000
Total loans	838,495,000	785,441,000
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Non-performing	1,741,000	1,877,000
Total loans	194,306,000	199,349,000
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Performing	833,014,000	782,326,000
Non-performing	5,481,000	3,115,000
Total loans	838,495,000	785,441,000
Residential Real Estate [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Performing	192,565,000	197,472,000
Non-performing	1,741,000	1,877,000
Total loans	$ 194,306,000	$ 199,349,000

Loans Receivable, Net - Trouble

Loans Receivable, Net - Troubled Debt Restructurings (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)SecurityLoan	Sep. 30, 2014USD ($)SecurityLoan	Sep. 30, 2015USD ($)SecurityLoan	Sep. 30, 2014USD ($)SecurityLoan
Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan		5	4	9
Pre-modification Recorded Investment		$ 1,041	$ 509	$ 1,921
Post-modification Recorded Investment		$ 933	$ 472	$ 1,731
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	1		4
Pre-modification Recorded Investment	$ 63		$ 6,095
Post-modification Recorded Investment	$ 63		$ 5,944
Subsequently Defaulted [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	0	0	0	0
Recorded Investment	$ 0	$ 0	$ 0	$ 0
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	1	4	9	9
Pre-modification Recorded Investment	$ 207	$ 51	$ 599	$ 221
Post-modification Recorded Investment	$ 170	$ 9	$ 547	$ 178

Loans Receivable, Net - PCI Loa

Loans Receivable, Net - PCI Loans Acquired (Detail) - Colonial American Bank [Member] $ in Thousands	Jul. 31, 2015USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required principal and interest	$ 3,263
Contractual cash flows not expected to be collected (non-accretable discount)	(2,012)
Expected cash flows to be collected at acquisition	1,251
Interest component of expected cash flows (accretable yield)	(220)
Fair value of acquired loans	$ 1,031

Loans Receivable, Net - Summa49

Loans Receivable, Net - Summary of Changes in Accretable Yield (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Receivables [Abstract]
Acquisition	$ 220	$ 220
Accretion	(14)	(14)
Reclassification from non-accretable difference	0	0
Ending balance	$ 206	$ 206

Reserve for Repurchased Loans50

Reserve for Repurchased Loans and Loss Sharing Obligations - Additional Information (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)SecurityLoan	Dec. 31, 2014SecurityLoan	Sep. 30, 2014USD ($)
Receivables [Abstract]
Reserve for repurchased loans and loss sharing obligations	$ 1,000,000		$ 1,100,000
Decrease in reserve for repurchased loans and loss sharing obligations	$ 388,000
Outstanding number of loan repurchase requests | SecurityLoan	0	0

Deposits - Summary of Major Typ

Deposits - Summary of Major Types of Deposits (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Banking and Thrift [Abstract]
Non-interest-bearing	$ 362,079	$ 279,944
Interest-bearing checking	883,940	836,120
Money market deposit	151,657	95,663
Savings	310,009	301,190
Time deposits	260,086	207,218
Total deposits	$ 1,967,771	$ 1,720,135

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Banking and Thrift [Abstract]
Time deposits, $100,000 and over	$ 82,929,000	$ 64,416,000

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Financial Liabilities Measured at Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 30,108	$ 19,804
Items Measured on a Recurring Basis [Member] | U.S. Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	30,108	19,804
Items Measured on a Non-Recurring Basis [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	3,262	4,664
Items Measured on a Non-Recurring Basis [Member] | Loans Measured for Impairment Based on the Fair Value of Underlying Collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	12,844	11,675
Level 2 Inputs [Member] | Items Measured on a Recurring Basis [Member] | U.S. Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	30,108	19,804
Level 3 Inputs [Member] | Items Measured on a Non-Recurring Basis [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	3,262	4,664
Level 3 Inputs [Member] | Items Measured on a Non-Recurring Basis [Member] | Loans Measured for Impairment Based on the Fair Value of Underlying Collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 12,844	$ 11,675

Fair Value Measurements - Book

Fair Value Measurements - Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial Assets:
Securities held-to-maturity	$ 400,852	$ 474,215
Financial Liabilities:
Time deposits	260,086	207,218
Securities sold under agreements to repurchase with retail customers	77,993	67,812
Book Value [Member]
Financial Assets:
Cash and due from banks	50,576	36,117
Securities held-to-maturity	392,932	469,417
Federal Home Loan Bank of New York stock	15,970	19,170
Loans receivable and mortgage loans held for sale	1,941,278	1,693,047
Financial Liabilities:
Deposits other than time deposits	1,707,685	1,512,917
Time deposits	260,086	207,218
Securities sold under agreements to repurchase with retail customers	77,993	67,812
Federal Home Loan Bank advances and other borrowings	260,506	332,738
Level 1 Inputs [Member]
Financial Assets:
Cash and due from banks	50,576	36,117
Financial Liabilities:
Securities sold under agreements to repurchase with retail customers	77,993	67,812
Level 2 Inputs [Member]
Financial Assets:
Securities held-to-maturity	400,852	474,215
Financial Liabilities:
Deposits other than time deposits	1,707,685	1,512,917
Time deposits	261,888	208,651
Federal Home Loan Bank advances and other borrowings	262,488	332,432
Level 3 Inputs [Member]
Financial Assets:
Federal Home Loan Bank of New York stock	15,970	19,170
Loans receivable and mortgage loans held for sale	$ 1,960,827	$ 1,709,819