Sun Bancorp (SNBC) 10-Q 8 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 04, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	SNBC
Entity Registrant Name	SUN BANCORP INC /NJ/
Entity Central Index Key	1,017,793
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		18,897,090

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 27,569	$ 21,836
Interest earning bank balances	128,723	182,479
Cash and cash equivalents	156,292	204,315
Restricted cash	5,000	5,000
Investment securities available for sale (amortized cost of $292,302 and $285,838 at September 30, 2016 and December 31, 2015, respectively)	291,872	282,875
Investment securities held to maturity (estimated fair value of $250 at September 30, 2016 and December 31, 2015)	250	250
Loans receivable (net of allowance for loan losses of $15,827 and $18,008 at September 30, 2016 and December 31, 2015, respectively)	1,550,839	1,530,501
Loans held-for-sale, at lower of cost or market	1,450	0
Restricted equity investments, at cost	15,909	15,733
Bank properties and equipment, net	30,500	31,596
Real estate owned, net		281
Accrued interest receivable	4,908	4,657
Goodwill	38,188	38,188
Bank owned life insurance (BOLI)	82,657	81,175
Other assets	11,481	16,013
Total assets	2,189,346	2,210,584
Liabilities:
Deposits	1,717,634	1,746,102
Advances from the Federal Home Loan Bank of New York (FHLBNY)	85,465	85,607
Obligations under capital lease	6,396	6,698
Junior subordinated debentures	92,786	92,786
Deferred taxes, net	3,399	1,524
Other liabilities	17,788	21,479
Total liabilities	1,923,468	1,954,196
Commitments and contingencies
Shareholders' equity:
Preferred stock, $1 par value, 1,000,000 shares authorized; none issued
Common stock, $5 par value, 40,000,000 shares authorized; 19,026,491 shares issued and 18,888,605 shares outstanding at September 30, 2016; 18,910,829 shares issued and 18,693,091 shares outstanding at December 31, 2015.	95,132	94,554
Additional paid-in capital	509,501	510,659
Retained deficit	(332,312)	(337,542)
Accumulated other comprehensive loss	(254)	(1,752)
Deferred compensation plan trust	(1,005)	(1,122)
Treasury stock at cost, 137,886 shares at September 30, 2016 and 217,738 shares at December 31, 2015.	(5,184)	(8,409)
Total shareholders' equity	265,878	256,388
Total liabilities and shareholders' equity	$ 2,189,346	$ 2,210,584

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Amortized cost of investment securities available for sale	$ 292,302	$ 285,838
Estimated fair value of investment securities held to maturity	250	250
Allowance for loans receivable	$ 15,827	$ 18,008
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 5	$ 5
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	19,026,491	18,910,829
Common stock, shares outstanding	18,888,605	18,693,091
Treasury stock, shares	137,886	217,738

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
INTEREST INCOME:
Interest and fees on loans	$ 15,582	$ 15,479	$ 46,278	$ 46,028
Interest on taxable investment securities	1,657	1,672	4,956	5,549
Interest on non-taxable investment securities		236		851
Dividends on restricted equity investments	220	202	657	613
Total interest income	17,459	17,589	51,891	53,041
INTEREST EXPENSE:
Interest on deposits	1,556	1,263	4,304	4,106
Interest on funds borrowed	545	554	1,631	1,520
Interest on junior subordinated debentures	646	555	1,886	1,632
Total interest expense	2,747	2,372	7,821	7,258
Net interest income	14,712	15,217	44,070	45,783
PROVISION FOR (RECOVERY OF) LOAN LOSSES		(1,762)	(1,682)	(2,980)
Net interest income after provision for loan losses	14,712	16,979	45,752	48,763
NON-INTEREST INCOME:
Deposit service charges and fees	1,540	1,711	4,737	5,564
Interchange fees	451	512	1,422	1,610
Gain on sale of bank branches		1,318		10,553
Gain on sale of loans	41	205	41	1,444
Gain on sale of investment securities		1,466	426	1,468
Investment products income	505	490	1,419	1,567
BOLI income	485	512	1,482	1,527
Other income	120	239	551	688
Total non-interest income	3,142	6,453	10,078	24,421
NON-INTEREST EXPENSE:
Salaries and employee benefits	8,649	9,489	27,045	29,199
Occupancy expense	2,273	3,289	6,756	11,290
Equipment expense	1,303	2,008	3,462	7,022
Data processing expense	1,116	1,197	3,379	3,809
Professional fees	730	838	1,738	2,385
Insurance expense	452	1,138	1,796	3,479
Advertising expense	412	521	1,187	979
Problem loan expense	131	66	350	1,092
Other expense	871	1,339	3,814	4,210
Total non-interest expense	15,937	19,885	49,527	63,465
INCOME BEFORE INCOME TAXES	1,917	3,547	6,303	9,719
INCOME TAX EXPENSE	287	383	885	951
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 1,630	$ 3,164	$ 5,418	$ 8,768
Basic earnings per share	$ 0.09	$ 0.17	$ 0.29	$ 0.47
Diluted earnings per share	$ 0.09	$ 0.17	$ 0.29	$ 0.47
Weighted average shares - basic	18,874,577	18,668,791	18,821,047	18,639,482
Weighted average shares - diluted	18,962,740	18,738,517	18,909,867	18,689,037

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement Of Income And Comprehensive Income [Abstract]
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 1,630	$ 3,164	$ 5,418	$ 8,768
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during period	(278)	(264)	1,521	23
Less: reclassification adjustment for gains included in net income		(868)	(23)	(869)
Other comprehensive income (loss)	(278)	(1,132)	1,498	(846)
COMPREHENSIVE INCOME	$ 1,352	$ 2,032	$ 6,916	$ 7,922

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Deficit [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Deferred Compensation Plan Trust [Member]	Treasury Stock [Member]
Beginning Balance at Dec. 31, 2014	$ 245,323	$ 94,504	$ 514,075	$ (347,762)	$ (138)	$ (599)	$ (14,757)
Net income	8,768			8,768
Other comprehensive income	(846)				(846)
Exercise of stock options	15		(53)				68
Issuance of common stock	784	2	(2,886)				3,668
Stock-based compensation	1,441		1,154				287
Ending Balance at Sep. 30, 2015	255,485	94,506	512,290	(338,994)	(984)	(599)	(10,734)
Beginning Balance at Dec. 31, 2015	256,388	94,554	510,659	(337,542)	(1,752)	(1,122)	(8,409)
Net income	5,418			5,418
Other comprehensive income	1,498				1,498
Exercise of stock options	20		(43)				63
Issuance of common stock	854	578	(3,005)			117	3,163
Stock-based compensation	1,889		1,889
Dividends paid to common shareholders	(188)			(188)
Ending Balance at Sep. 30, 2016	$ 265,878	$ 95,132	$ 509,501	$ (332,312)	$ (254)	$ (1,005)	$ (5,184)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
OPERATING ACTIVITIES
Net income	$ 5,418	$ 8,768
Adjustments to reconcile net income to net cash provided by operating activities:
Release of loan loss reserves	(1,682)	(2,980)
Increase in off-balance sheet reserves	229	49
Depreciation, amortization and accretion	4,017	6,062
Impairment of bank properties and equipment and real estate owned		2,640
Gain on sale of investment securities available-for-sale	(426)	(1,469)
Gain on sale of branches		(10,553)
Gain on sale of consumer loans	(41)	(1,444)
Increase in cash surrender value of BOLI	(1,482)	(1,527)
Deferred income taxes	840	852
Stock-based compensation	1,889	1,441
Change in assets and liabilities which provided (used) cash:
Accrued interest receivable	(251)	580
Other assets	(141)	(2,659)
Other liabilities	(1,131)	(383)
Net cash provided by (used in) operating activities	7,239	(623)
INVESTING ACTIVITIES
Purchases of available-for-sale securities	(78,459)	(12,576)
Net purchase of restricted equity securities	(176)	(680)
Proceeds from maturities, prepayments or calls of investment securities available for sale	42,580	55,889
Proceeds from maturities, prepayments or calls of investment securities held to maturity		37
Proceeds from the sale of investment securities available-for-sale	30,743	55,068
Proceeds from sale of commercial and consumer loans	400	10,081
Proceeds from sale of branch loans		63,756
Proceeds from sale of branches		11,578
Proceeds from sale of bank properties and equipment		4,387
Transfer of restricted cash to cash and cash equivalents		8,000
Net increase in loans	(19,954)	(23,722)
Purchases of bank properties and equipment	(1,628)	(469)
Proceeds from sale of real estate owned	266	503
Net cash (used in) provided by investing activities	(26,228)	171,852
FINANCING ACTIVITIES
Net decrease in deposits	(28,422)	(272,194)
Cash paid in sale of deposits		(183,690)
Cash dividends paid to stockholders	(188)
Net redemptions of securities sold under agreements to repurchase – customer		(1,156)
(Repayments) borrowings of advances from FHLBNY	(142)	24,866
Repayment of obligations under capital leases	(302)	(240)
Proceeds from issuance of common stock		600
Proceeds from exercise of stock options	20	15
Net cash used in financing activities	(29,034)	(431,799)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(48,023)	(260,570)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	204,315	548,433
CASH AND CASH EQUIVALENTS, END OF PERIOD	156,292	278,863
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	$ 7,785	7,401
SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Transfers of loans and bank property to real estate owned		909
Trade date liability on purchase of investment securities		$ 1,181

Organization

Organization	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Organization	(1) Organization Sun Bancorp, Inc. (the “Company”) is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Company is the parent company of Sun National Bank (the “Bank”), a national bank and the Company’s principal wholly owned subsidiary. The Bank’s wholly owned subsidiaries are Prosperis Financial Solutions, LLC (“Prosperis Financial Solutions”), 2020 Properties, L.L.C. and 4040 Properties, L.L.C. The Company’s principal business is to serve as a holding company for the Bank. Through the Bank, the Company provides commercial and consumer banking services. The Bank is in the business of attracting customer deposits through its Community Banking Centers and investing these funds, together with borrowed funds and cash from operations, in loans, primarily commercial real estate and multifamily residential loans, as well as mortgage-backed and investment securities. The principal business of Prosperis Financial Solutions is to offer mutual funds, securities brokerage, annuities and investment advisory services through the Bank’s Community Banking Centers. The principal business of 2020 Properties, L.L.C. and 4040 Properties, L.L.C. is to acquire and thereafter liquidate certain real estate and other assets in satisfaction of debts previously contracted by the Bank. The Company’s five capital trusts, Sun Capital Trust V, Sun Capital Trust VI, Sun Capital Trust VII, Sun Statutory Trust VII and Sun Capital Trust VIII, collectively, the “Issuing Trusts,” are presented on a deconsolidated basis. The Issuing Trusts, consisting of four Delaware business trusts and one Connecticut business trust, hold junior subordinated debentures issued by the Company. As of September 30, 2016, the Company had 37 locations primarily throughout New Jersey, including 31 branch offices. The Company also had one loan production office located in each of New York and Pennsylvania. The Company’s outstanding common stock is traded on the NASDAQ Global Select Market under the symbol “SNBC.” The Company is subject to the reporting requirements of the Securities and Exchange Commission (“SEC”). The Company’s primary federal regulator is the Board of Governors of the Federal Reserve System (the “FRB”) and the Bank’s primary federal regulator is the Office of the Comptroller of the Currency (the “OCC”).

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Basis of Presentation. The accompanying unaudited condensed consolidated financial statements were prepared in accordance with the instructions to Form 10-Q, and therefore, do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, comprehensive income (loss), changes in equity and cash flows in conformity with Accounting Principles Generally Accepted in the United States of America (“GAAP”). All normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the unaudited condensed consolidated financial statements have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the accompanying notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC. The results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any other period. The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. The significant estimates include the allowance for loan losses, other-than-temporary impairment (“OTTI”) on investment securities, goodwill, income taxes, stock-based compensation and the fair value of financial instruments. Actual results may differ from these estimates under different assumptions or conditions. Basis of Consolidation. The unaudited condensed consolidated financial statements include, after all intercompany balances and transactions have been eliminated, the accounts of the Company, its principal wholly owned subsidiary, the Bank, and the Bank’s wholly-owned subsidiaries, Prosperis Financial Solutions, 2020 Properties, L.L.C., and 4040 Properties, L.L.C. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“FASB ASC”) 810-10, Consolidation , the Issuing Trusts are presented on a deconsolidated basis. Segment Information. As defined in accordance with FASB ASC 280, Segment Reporting , the Company has one reportable and operating segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and other borrowings and manage interest rate and credit risk. In addition, the Company’s chief operating decision maker reviews the Company’s financial data on a consolidated basis when assessing financial performance. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit. Investment Securities. The Company’s investment portfolio includes both held-to-maturity and available-for-sale securities. The purchase and sale of the Company’s investment securities are recorded based on trade date accounting. At September 30, 2016 and December 31, 2015 the Company had no unsettled investment purchase or sale transactions. The following provides further information on the Company’s accounting for debt securities: Held-to-Maturity – Investment securities that management has the positive intent and ability to hold until maturity are classified as held-to-maturity and carried at their remaining unpaid principal balance, net of unamortized premiums or unaccreted discounts. Premiums are amortized and discounts are accreted using the interest method over the estimated remaining term of the underlying security. Available-for-Sale – Investment securities that will be held for indefinite periods of time, including securities that may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability and the yield of alternative investments, are classified as available-for-sale. These assets are carried at their estimated fair value. Fair values are based on quoted prices for identical assets in active markets, quoted prices for similar assets in markets that are either actively or not actively traded, or in some cases where there is limited activity or less transparency around inputs, internally developed discounted cash flow models. Unrealized gains and losses are excluded from earnings and are reported net of tax in accumulated other comprehensive income (loss) on the unaudited condensed consolidated statements of financial condition until realized, including those recognized through the non-credit component of an OTTI charge. In accordance with FASB ASC 325-40, Beneficial Interests in Securitized Financial Assets Investment – Debt and Equity Securities Loans Held-For-Sale. Loans held-for-sale totaled $1.5 million at September 30, 2016 and consists of one commercial loan and one consumer loan which are recorded at the lower of cost or market. Loans held for sale totaled $0 at December 31, 2015. Allowance for Loan Losses. The allowance for loan losses is determined by management based upon past experience, evaluation of estimated loss and impairment in the loan portfolio, current economic conditions and other pertinent factors. The allowance for loan losses is maintained at a level that management considers adequate to provide for incurred losses and impairment based upon an evaluation of known and inherent risk in the loan portfolio. Loan impairment is evaluated based on the fair value of collateral, less estimated selling costs. While management uses the best information available to make such evaluations, future adjustments to the allowance for loan losses may be necessary if economic conditions differ substantially from the assumptions used in making the evaluations. The provision for loan losses is based upon historical loan loss experience, a series of qualitative factors and an evaluation of incurred losses in the current loan portfolio, including the evaluation of impaired loans under FASB ASC 310, Receivables • Levels of past due, classified and non-accrual loans, and troubled debt restructurings (“TDR”); • Nature, volume, and concentration of loans; • Historical loss trends; • Changes in lending policies and procedures, underwriting standards, collections, and for commercial loans, the level of loans being approved with exceptions to policy; • Experience, ability and depth of management and staff; • National and local economic and business conditions, including various market segments; • Quality of the Company’s loan review system and degree of Board oversight; and • Effect of external factors, including the deterioration of collateral values, on the level of estimated credit losses in the current portfolio. Commercial loans, including commercial real estate loans, are placed on non-accrual status at the time the loan has been delinquent for 90 days unless the loan is well secured and in the process of collection, and are generally charged-off no later than 180 days after becoming delinquent unless the loan is well secured and in the process of collection, or other extenuating circumstances support collection. Residential real estate loans are typically placed on non-accrual status at the time the loan has been delinquent for 90 days, and are generally charged off no later than 180 days after becoming delinquent. Other consumer loans are placed on non-accrual status at the time the loan has been delinquent for 90 days, and are typically charged-off at 180 days delinquent. In all cases, loans must be placed on non-accrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Goodwill. Goodwill is the excess of the fair value of liabilities assumed over the fair value of tangible and identifiable intangible assets acquired in a business combination. Goodwill is not amortized but is tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company tests goodwill for impairment annually as of December 31, unless circumstances indicate that a test is required at an earlier date. The Company elected to not apply the qualitative evaluation option permitted under Accounting Standards Update (“ASU”) 2011-8, Intangibles – Goodwill and Other (Topic 35): Testing Goodwill for Impairment issued in September 2011. Therefore, the Company utilizes the two-step goodwill impairment test outlined in FASB ASC 350, Intangibles – Goodwill and Other (“FASB ASC 350”). Step one, which is used to identify potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. A reporting unit is an operating segment, or one level below an operating segment, as defined in FASB ASC 280. The Company has one reportable operating segment, “Community Banking,” and there are no components to this operating segment. If the fair value of a reporting unit exceeds its carrying value, goodwill of the reporting unit is not considered impaired and step two is therefore unnecessary. If the carrying amount of the reporting unit exceeds its fair value, the second step is performed to measure the amount of the impairment loss, if any. At December 31, 2015, the Company performed its annual goodwill impairment test, and step one of the analysis indicated that the Company’s fair value was greater than its carrying value; therefore, the Company’s goodwill was not impaired at December 31, 2015. Since that time, no event has occurred nor have circumstances changed that would more likely than not reduce the fair value of the reporting unit below its carrying amount. The carrying amount of goodwill totaled $38.2 million at both September 30, 2016 and December 31, 2015. Bank Owned Life Insurance (“BOLI”). The Company has purchased life insurance policies on certain key employees. These policies are recorded at their cash surrender value, or the amount that can be realized in accordance with FASB ASC 325-30, Investments in Insurance Contracts . At September 30, 2016, the Company had $28.4 million invested in a general account and $54.3 million in a separate account, for a total BOLI cash surrender value of $82.7 million. The BOLI separate account is invested in a mortgage-backed securities fund, which is managed by an independent investment firm. Pricing volatility of these underlying instruments may have an impact on investment income; however, the fluctuations would be partially mitigated by a stable value wrap agreement which is a component of the separate account. Income from these policies and changes in the cash surrender value are recorded in BOLI income in the unaudited condensed consolidated statements of operations. Accounting for The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes (“FASB ASC 740”). FASB ASC 740 requires the recording of deferred income taxes that reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Management exercises significant judgment in the evaluation of the amount and timing of the recognition of the resulting tax assets and liabilities. The judgments and estimates required for the evaluation are updated based upon changes in business factors and the tax laws. If actual results differ from the assumptions and other considerations used in estimating the amount and timing of tax recognized, there can be no assurance that additional expenses will not be required in future periods. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes in the unaudited condensed consolidated statements of operations. Assessment of uncertain tax positions under FASB ASC 740 requires careful consideration of the technical merits of a position based on management’s analysis of tax regulations and interpretations. Significant judgment is applied when addressing the requirements of FASB ASC 740. At September 30, 2016, the Company had a valuation allowance of $128.0 million against its gross deferred tax asset. As the Company remained in a cumulative loss position, the deferred tax valuation allowance is still appropriate at September 30, 2016. The net deferred tax liability of $3.4 million in the unaudited condensed consolidated statements of financial condition at September 30, 2016 primarily represents the tax liability created from the goodwill amortization recorded for tax purposes and not for book purposes. Accumulated Other Comprehensive Income (Loss). The Company classifies items of accumulated comprehensive income (loss) by their nature and displays the details of other comprehensive income (loss) in the unaudited condensed consolidated statements of comprehensive income. Amounts categorized as comprehensive income (loss) represent net unrealized gains or losses on investment securities available for sale, net of tax and the non-credit portion of any OTTI loss not recorded in earnings. Reclassifications are made to avoid double counting items which are displayed as part of net income (loss) for the period. These reclassifications for the three and nine months ended September 30, 2016 and 2015 were as follows: For the Three Months Ended September 30, 2016 2015 Pre-tax Tax After-tax Pre-tax Tax After-tax Unrealized holding gains on securities available for sale during the period $ (471 ) $ 193 $ (278 ) $ (446 ) $ 182 $ (264 ) Reclassification adjustment for net gains included in net income — — — (1,466 ) 598 (868 ) Net unrealized gain on securities available for sale $ (471 ) $ 193 $ (278 ) $ (1,912 ) $ 780 $ (1,132 ) For the Nine Months Ended September 30, 2016 2015 Pre-tax Tax After-tax Pre-tax Tax After-tax Unrealized holding gains on securities available for sale during the period $ 2,572 $ (1,051 ) $ 1,521 $ 37 $ (14 ) $ 23 Reclassification adjustment for net gains included in net income (39 ) 16 (23 ) (1,468 ) 599 (869 ) Net unrealized gain on securities available for sale $ 2,533 $ (1,035 ) $ 1,498 $ (1,429 ) $ 583 $ (846 ) Recent Accounting Principles. In August 2016, the FASB issued ASU 2016-15: Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. In June 2016, the FASB issued ASU 2016-13: Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, In March 2016, the FASB issued ASU 2016-09: Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02: Leases (Topic 842) In January 2016, the FASB issued ASU 2016-01: Financial Instruments- Overall (Subtopic 825-10) In May 2014, the FASB issued ASU 2014-09: Revenue from Contracts with Customers (Topic 606): Summary and Amendments That Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs-Contracts with Customers (Subtopic 340-40), Conforming Amendments to Other Topics and Subtopics in the Codification and Status Tables, Background Information and Basis for Conclusions.

Branch Sales

Branch Sales	9 Months Ended
	Sep. 30, 2016
Branch Sales [Abstract]
Branch Sales	(3) Branch Sales On August 28, 2015, the Company sold the Bank’s Hammonton branch assets, related deposits and loans (the “Hammonton Agreement”) to Cape Bancorp. Inc. The Company sold $32.0 million of deposits, $4.8 million of loans, $354 thousand of fixed assets and $143 thousand of cash. After transaction costs, the sale resulted in a net gain of $1.3 million in the three months ended September 30, 2015, recorded in gain on sale of bank branches in the unaudited condensed consolidated statements of operations. On March 6, 2015, the Company sold seven branch offices to Sturdy Savings Bank. In accordance with the sale, the Company sold $153.3 million of deposits, $63.8 million of loans, $4.0 million of fixed assets and $897 thousand of cash. The transaction resulted in a net cash payment of approximately $71.5 million by the Company to Sturdy Savings Bank. After transaction costs, the sale resulted in a net gain of $9.2 million which was recorded in the first quarter of 2015 and is reflected in the gain on sale of bank branches in the unaudited condensed consolidated statements of operations for the nine months ended September 30, 2015.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	(4) Stock-Based Compensation The Company accounts for stock-based compensation issued to employees, and when appropriate, non-employees, in accordance with the fair value recognition provisions of FASB ASC 718, Compensation – Stock Compensation Equity-Based Payments to Non-Employees Determining the fair value of stock-based awards at the measurement date requires judgment, including estimating the expected term of the stock options and the expected volatility of the Company’s stock. In addition, judgment is required in estimating the amount of stock-based awards that are expected to be forfeited. If actual results differ significantly from these estimates or different key assumptions are used, it could have a material effect on the Company’s unaudited condensed consolidated financial statements. The Company’s stock-based incentive plan authorizes the issuance of shares of common stock pursuant to awards that may be granted in the form of stock options to purchase common stock (“Options”) and awards of shares of (or share units with respect to) common stock (“Stock Awards”). The purpose of the Company’s stock-based incentive plan is to give the Company a competitive advantage in attracting, retaining, and motivating officers, employees, directors, and consultants and to provide the Company and its subsidiaries and affiliates with a compensation plan providing incentives for future performance of services directly linked to the profitability of the Company’s businesses and increases in Company shareholder value. Under the Company’s stock-based incentive plan, Options expire 10 years after the date of grant, unless terminated earlier under the Option’s terms. For both Options and Stock Awards, a committee of independent directors has the authority to determine the conditions upon which the Options or Stock Awards granted will vest. In March 2015, the Board of Directors of the Company approved the Sun Bancorp, Inc. 2015 Omnibus Stock Incentive Plan (the “2015 Plan”). The 2015 Plan, which was approved by shareholders in May 2015, at which time the Company ceased new grants under the 2014 Performance Equity Plan, the 2010 Stock-Based Incentive Plan, and the 2004 Stock-Based Incentive Plan (collectively, the “Prior Plans”). Any awards outstanding under the Prior Plans remain in full force and effect under such plans according to their respective terms. The 2015 Plan authorizes the issuance of 1,400,000 shares of common stock pursuant to awards that may be granted in the form of Options and Stock Awards. For the purpose of calculating the number of shares available for issuance under the 2015 Plan, each issued Option equals one share and each issued Stock Award equals two shares. Under the 2015 Plan, Options expire 10 years after the date of grant, unless terminated earlier under the option terms. For both Options and Stock Awards, a Committee of independent directors has the authority to determine the conditions upon which the Options or Stock Awards granted will vest. At September 30, 2016, there were 123,739 Options and 179,118 Stock Awards granted under the 2015 Plan. Activity in the Company’s stock option plans for the nine months ended September 30, 2016 and September 30, 2015 was as follows: Summary of Options Activity Weighted Number Average Number of Exercise of Options Options Price Exercisable Outstanding as of January 1, 2016 509,097 $ 23.84 163,443 Granted 123,739 20.90 — Exercised (1,255 ) 15.85 — Forfeited (50,193 ) 30.47 — Expired (2,957 ) 76.65 — Outstanding as of September 30, 2016 578,431 $ 22.42 237,054 Options vested or expected to vest (1) 414,971 $ 19.65 — (1) Includes vested Options and nonvested Options after the application of a forfeiture rate, which is based upon historical data. Weighted Number Average Number of Exercise of Options Options Price Exercisable Outstanding as of January 1, 2015 318,900 $ 28.34 161,984 Granted 218,760 18.92 — Exercised (811 ) 15.19 — Forfeited (16,767 ) 17.47 — Expired (10,366 ) 64.17 — Outstanding as of September 30, 2015 509,716 $ 23.95 162,634 Options vested or expected to vest (1) 477,338 $ 24.33 — (1) Includes vested Options and nonvested Options after the application of a forfeiture rate, which is based upon historical data. The weighted average remaining contractual term was approximately 7.3 years for Options outstanding and 5.4 years for Options exercisable as of September 30, 2016. At September 30, 2016, the aggregate intrinsic value was $1.7 million for Options outstanding and $482 thousand for Options exercisable. During the nine months ended September 30, 2016, the Company granted 123,739 Options pursuant to the 2015 Plan and during the nine months ended September 30, 2015, the Company granted 218,760 Options pursuant to the Company’s 2010 Stock-Based Incentive Plan. In accordance with FASB ASC 718, the fair value of the Options granted are estimated on the date of grant using the Black-Scholes option pricing model which uses the assumptions in the table below. The expected term of an Option is estimated using historical exercise behavior of employees at a particular level of management who were granted Options with a comparable term. The Options have historically been granted with a 10 year term. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of the grant. The expected volatility is based on the historical volatility of the Company’s stock price. Significant weighted average assumptions used to calculate the fair value of the Options for the nine months ended September 30, 2016 and 2015 are as follows: For the Nine Months Ended September 30, 2016 2015 Weighted average fair value of Options granted $ 5.90 $ 6.16 Weighted average risk-free rate of return 1.29 % 1.35 % Weighted average expected option life in months 50 46 Weighted average expected volatility 33 % 40 % Expected dividends (1) $ — $ — (1) The fair value of future grants of Options will be impacted by the issuance of quarterly cash dividends. A summary of the Company’s nonvested Stock Award activity during the nine months ended September 30, 2016 and 2015 are presented in the following tables: Summary of Nonvested Stock Award Activity Weighted Average Grant Number Date of Fair Shares Value Nonvested Stock Awards outstanding, January 1, 2016 279,964 $ 18.42 Issued 118,549 18.52 Vested (102,674 ) 18.45 Forfeited (11,776 ) 15.74 Nonvested Stock Awards outstanding, September 30, 2016 284,063 $ 18.56 Weighted Average Grant Number Date of Fair Shares Value Nonvested Stock Awards outstanding, January 1, 2015 248,654 $ 14.22 Issued 50,864 18.90 Vested (7,645 ) 18.60 Forfeited (4,300 ) 15.91 Nonvested Stock Awards outstanding, September 30, 2015 287,573 $ 14.91 There were 118,549 shares of nonvested Stock Awards issued during the nine months ended September 30, 2016 and 50,864 nonvested Stock Awards issued during the nine months ended September 30, 2015. The value of these shares is based upon the closing price of the Company’s common stock on the date of grant. Compensation expense is recognized on a straight-line basis over the service period for all of the nonvested Stock Awards issued. Total compensation expense recognized related to Options and nonvested Stock Awards, including that for non-employee directors, during the three and nine months ended September 30, 2016 was $633 thousand and $1.9 million, respectively, as compared to $527 thousand and $1.4 million, respectively, for the three and nine months ended September 30, 2015. As of September 30, 2016, there was approximately $5.2 million of total unrecognized compensation cost related to Options and nonvested Stock Awards. The cost of the Options and Stock Awards is expected to be recognized over a weighted average period of 3.4 years and 2.5 years, respectively.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2016
Investments Debt And Equity Securities [Abstract]
Investment Securities	(5) Investment Securities The amortized cost of investment securities and the approximate fair value at September 30, 2016 and December 31, 2015 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2016 Available for sale: U.S. Treasury securities $ 2,497 $ 2 $ — $ 2,499 U.S. Government agency securities — — — — U.S. Government agency mortgage-backed securities 238,213 2,338 (259 ) 240,292 Other mortgage-backed securities 177 — (2 ) 175 Trust preferred securities 12,022 — (2,275 ) 9,747 Collateralized loan obligations 37,468 — (241 ) 37,227 Other securities 1,925 7 — 1,932 Total available for sale 292,302 2,347 (2,777 ) 291,872 Held to maturity: Other securities 250 — — 250 Total held to maturity 250 — — 250 Total investment securities $ 292,552 $ 2,347 $ (2,777 ) $ 292,122 December 31, 2015 Available for sale: U.S. Treasury securities $ 2,494 $ — $ (10 ) $ 2,484 U.S. Government agency securities 4,976 — (74 ) 4,902 U.S. Government agency mortgage-backed securities 205,586 1,082 (1,156 ) 205,512 Other mortgage-backed securities 183 — (1 ) 182 Trust preferred securities 12,018 — (1,844 ) 10,174 Collateralized loan obligations 59,956 — (960 ) 58,996 Other securities 625 — — 625 Total available for sale 285,838 1,082 (4,045 ) 282,875 Held to maturity: Other securities 250 — — 250 Total held to maturity 250 — — 250 Total investment securities $ 286,088 $ 1,082 $ (4,045 ) $ 283,125 During the nine months ended September 30, 2016, the Company had one security mature which had an aggregate par value of $248 thousand. Additionally, the Bank had one security called with an aggregate par value of $5.0 million which resulted in income of $22 thousand. During the same period, six securities were sold prior to maturity for gross proceeds of $37.8 million, which resulted in gross realized gains of $328 thousand and gross realized losses of $290 thousand. In addition, the Company recorded a gain of $387 thousand related to the sale of Class B Visa shares which had no book value. The following table provides the gross unrealized losses and fair value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position at September 30, 2016 and December 31, 2015: Gross Unrealized Losses by Investment Category Less than 12 Months 12 Months or Longer Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses September 30, 2016 U.S. Treasury securities $ — $ — $ — $ — $ — $ — U.S. Government agency securities — — — — — — U.S. Government agency mortgage-backed securities 30,893 (56 ) 12,989 (203 ) 43,882 (259 ) Other mortgage-backed securities — — 175 (2 ) 175 (2 ) Trust preferred securities — — 9,747 (2,275 ) 9,747 (2,275 ) Collateralized loan obligations 9,965 (19 ) 25,263 (222 ) 35,228 (241 ) Total $ 40,858 $ (75 ) $ 48,174 $ (2,702 ) $ 89,032 $ (2,777 ) December 31, 2015 U.S. Treasury securities $ 2,484 $ (10 ) $ — $ — $ 2,484 $ (10 ) U.S. Government agency securities — — 4,902 (74 ) 4,902 (74 ) U.S. Government agency mortgage-backed securities 56,753 (254 ) 27,028 (902 ) 83,781 (1,156 ) Other mortgage-backed securities 182 (1 ) — — 182 (1 ) Trust preferred securities — — 10,175 (1,844 ) 10,175 (1,844 ) Collateralized loan obligations 12,864 (135 ) 46,133 (825 ) 58,997 (960 ) Total $ 72,283 $ (400 ) $ 88,238 $ (3,645 ) $ 160,521 $ (4,045 ) The Company determines whether unrealized losses are temporary in accordance with FASB ASC 325-40, Investments – Other, Investments – Overall FASB ASC 320-10 requires the Company to assess if an OTTI exists by considering whether the Company has the intent to sell the security or it is more likely than not that it will be required to sell the security before recovery. If either of these situations applies, the guidance requires the Company to record an OTTI charge to earnings on debt securities for the difference between the amortized cost basis of the security and the fair value of the security. If neither of these situations applies, the Company is required to assess whether it is expected to recover the entire amortized cost basis of the security. If the Company is not expected to recover the entire amortized cost basis of the security, the guidance requires the Company to bifurcate the identified OTTI into a credit loss component and a component representing loss related to other factors. A discount rate is applied which equals the effective yield of the security. The difference between the present value of the expected cash flows and the amortized book value is considered a credit loss. When a market price is not readily available, the market value of the security is determined using the same expected cash flows; the discount rate is a rate the Company determines from open market and other sources as appropriate for the security. The difference between the market value and the present value of cash flows expected to be collected is recognized in accumulated other comprehensive loss on the unaudited condensed consolidated statements of financial condition. Application of this guidance resulted in no OTTI charges during the nine months ended September 30, 2016 and 2015. As of September 30, 2016, the Company’s cumulative OTTI balance was $1.2 million. There were no OTTI charges recognized in earnings as a result of credit losses on investments in the three and nine months ended September 30, 2016 and 2015. U.S. Government Agency Mortgage-Backed Securities. At September 30, 2016, the gross unrealized loss in the category of less than 12 months of $56 thousand consisted of four mortgage-backed securities with an estimated fair value of $30.9 million. The gross unrealized loss in the category of 12 months or longer of $203 thousand consisted of four mortgage-backed securities with an estimated fair value of $13.0 million issued and guaranteed by a U.S. Government sponsored agency. The Company monitors key credit metrics such as market rates and possible credit deterioration to determine if an OTTI exists. As of September 30, 2016, management concluded that an OTTI did not exist on any of the aforementioned securities based upon its assessment. Management also concluded that it does not intend nor will it be required to sell the securities, before their recovery, which may be maturity, and management expects to recover the entire amortized cost basis of these securities. Collateralized Loan Obligations. At September 30, 2016, the gross unrealized loss in the category of collateralized loan obligations with a continuous loss position of less than 12 months was $19 thousand, which consisted of one AAA-rated security with a total estimated fair value of $10.0 million. The gross unrealized loss in the category of collateralized loan obligations with a continuous loss position of 12 months or longer was $222 thousand, which consisted of two AAA and two AA-rated collateralized loan obligation securities with a total estimated fair value of $25.3 million. The Company monitors key credit metrics such as delinquencies, defaults, cumulative losses and credit support levels to determine if an OTTI exists. As of September 30, 2016, management concluded that an OTTI did not exist on any of the aforementioned securities based upon its assessment. Management also concluded that it does not intend nor will it be required to sell the securities, before their recovery, which may be maturity, and management expects to recover the entire amortized cost basis of these securities. Trust Preferred Securities. At September 30, 2016, the gross unrealized loss in the category of trust preferred securities with a continuous loss position of 12 months or longer was $2.3 million, which consisted of two trust preferred securities. The trust preferred securities are comprised of one non-rated single issuer security with an amortized cost of $3.2 million and an estimated fair value of $3.0 million and one investment grade rated pooled security with an amortized cost of $8.8 million and an estimated fair value of $6.8 million. For the pooled security, the Company monitors each issuer in the collateral pool with respect to financial performance using data from the issuer’s most recent regulatory reports as well as information on issuer deferrals and defaults. Also, the security structure is monitored with respect to collateral coverage and current levels of subordination. Expected future cash flows are projected assuming additional defaults and deferrals based on the performance of the collateral pool. The pooled security is in a senior position in the capital structure. The security had a 3.3 times principal coverage. As of the most recent reporting date, interest has been paid in accordance with the terms of the security. The Company reviews projected cash flow analysis for adverse changes in the present value of projected future cash flows that may result in an other-than-temporary credit impairment to be recognized through earnings. The most recent valuations assumed no recovery on any defaulted collateral, no recovery on any deferring collateral and an additional 3.6% of defaults or deferrals’ every three years with no recovery rate. As of September 30, 2016, management concluded that an OTTI did not exist on the aforementioned security based upon its assessment. Management also concluded that it does not intend to sell the security, and that it is not more likely than not it will be required to sell the security, before its recovery, which may be maturity, and management expects to recover the entire amortized cost basis of this security. The financial performance of the non-rated single issuer trust preferred security is monitored on a quarterly basis using data from the issuer’s most recent regulatory reports to assess the probability of cash flow impairment. Expected future cash flows are projected by incorporating the contractual cash flow of the security adjusted, if necessary, for potential changes in the amount or timing of cash flows due to the underlying creditworthiness of the issuer and covenants in the security. During the nine months ended September 30, 2016, the Company did not record an OTTI credit-related charge related to this single issuer trust preferred security. Based on the Company’s most recent evaluation, and based upon the receipt of all scheduled dividend payments since September 2014, the Company does not expect the issuer to default on the security based primarily on the issuer’s subsidiary bank reporting that it meets the minimum regulatory requirements to be considered a “well capitalized” institution. The cumulative OTTI on this security as of September 30, 2016 was $1.2 million. Based upon the current capital position of the issuer and recent improvements in the financial performance of the issuer, the Company concluded that an additional impairment charge was not warranted at September 30, 2016. On January 14, 2014, five federal agencies approved an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities as an exception to the investment prohibitions of the Volcker Rule. Under the interim final rule, the agencies permit the retention of an interest in or sponsorship of covered funds by banking entities if certain qualifications are met. In addition, the agencies released a non-exclusive list of issuers that meet the requirements of the interim final rule. The issuer of the pooled security was included in the non-exclusive list of issuers that meet the requirements of the interim final rule, and therefore, the pooled security will not be required to be sold by the Company. The single issuer security is not subject to the provisions of the Volcker rule. At September 30, 2016, the Company was in full compliance with the requirements of the Volcker Rule. See Note 13 of the notes to unaudited condensed consolidated financial statements for more information regarding the Volcker Rule. The amortized cost and estimated fair value of the investment securities, by contractual maturity, at September 30, 2016 and December 31, 2015 are shown below. Actual maturities will differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value September 30, 2016 Due in one year or less $ 3,174 $ 3,176 $ — $ — Due after one year through five years 248 248 250 250 Due after five years through ten years 29,468 29,268 — — Due after ten years 21,022 18,713 — — Total investment securities, excluding mortgage- backed securities 53,912 51,405 250 250 U.S. Government agency mortgage-backed securities 238,213 240,292 — — Other mortgage-backed securities 177 175 — — Total investment securities $ 292,302 $ 291,872 $ 250 $ 250 December 31, 2015 Due in one year or less $ 625 $ 625 $ — $ — Due after one year through five years 2,494 2,484 250 250 Due after five years through ten years 38,453 37,709 — — Due after ten years 38,497 36,363 — — Total investment securities, excluding mortgage- backed securities 80,069 77,181 250 250 U.S. Government agency mortgage-backed securities 205,586 205,512 — — Other mortgage-backed securities 183 182 — — Total investment securities $ 285,838 $ 282,875 $ 250 $ 250 At September 30, 2016, the Company had $14.9 million, amortized cost, and $15.0 million estimated fair value of investment securities pledged to secure public deposits. As of September 30, 2016, the Company had $153.2 million amortized cost and $154.6 million estimated fair value of investment securities pledged as collateral on secured borrowings.

Loans

Loans	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Loans	(6) Loans The components of loans as of September 30, 2016 and December 31, 2015 were as follows: Loan Components September 30, 2016 December 31, 2015 Commercial: Commercial and industrial $ 226,493 $ 230,681 CRE owner occupied 226,165 228,191 CRE non-owner occupied 676,323 625,700 Land and development 84,692 68,070 Consumer: Home equity lines of credit 113,991 130,401 Home equity term loans 9,756 12,383 Residential real estate 226,691 249,975 Other 2,555 3,108 Total gross loans held-for-investment 1,566,666 1,548,509 Allowance for loan losses (15,827 ) (18,008 ) Net loans held-for-investment $ 1,550,839 $ 1,530,501 The following table is a comparison of the Company’s non-accrual loans as of September 30, 2016 and December 31, 2015: Loans on Non-Accrual Status September 30, 2016 December 31, 2015 Commercial: Commercial & industrial $ 3 $ 219 CRE owner occupied 293 381 CRE non-owner occupied 528 — Consumer: Home equity term loans 75 88 Residential real estate 2,264 1,417 Other 83 102 Total non-accrual loans $ 3,246 $ 2,207 Troubled debt restructuring, non-accrual $ 3,396 $ 910 Many of the Company’s commercial and industrial loans have a real estate component as part of the collateral securing the loan. Additionally, the Company makes commercial real estate loans for the acquisition, refinance, improvement and construction of real property. Loans secured by owner-occupied properties are dependent upon the successful operation of the borrower’s business. If the operating company experiences difficulties in terms of sales volume and/or profitability, the borrower’s ability to repay the loan may be impaired. Loans secured by properties where repayment is dependent upon payment of rent by third-party tenants or the sale of the property may be impacted by loss of tenants, lower lease rates needed to attract new tenants or the inability to sell a completed project in a timely fashion and at a profit. As of September 30, 2016, the Company had $12.5 million outstanding on three commercial construction and land development relationships for which the agreements included interest reserves. As of December 31, 2015, the Company had $8.8 million outstanding on two residential construction, commercial construction and land development relationships for which the agreements included interest reserves. The total amount available in those reserves to fund interest payments was $363 thousand and $571 thousand at September 30, 2016 and December 31, 2015, respectively. There were no relationships with interest reserves which were on non-accrual status at September 30, 2016 and December 31, 2015. Construction projects are monitored throughout their lives by the Company through either internal resources or professional inspectors engaged by the Company. The budgets for loan advances and borrower equity injections are developed at the time of underwriting in conjunction with the review of the plans and specifications for the project being financed. Advances of the Company’s funds are based on the prepared budgets and will not be made unless the project has been inspected by the Company’s professional inspector who must certify that the work related to the advance is in place and properly complete. As it relates to construction project financing, the Company does not extend, renew or restructure terms unless its borrower posts cash collateral in an interest reserve. Included in the Company’s loan portfolio are modified commercial loans. Per FASB ASC 310-40, Troubled Debt Restructurings,

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Allowance for Loan Losses	(7) Allowance for Loan Losses Changes in the allowance for loan losses were as follows: Allowance for Loan Losses and Recorded Investment in Financing Receivables For the Nine Months Ended September 30, 2016 Residential Home Real Commercial Equity (1) Estate Other (2) Total Allowance for loan losses: Beginning balance $ 12,120 $ 2,816 $ 3,029 $ 43 $ 18,008 Charge-offs (583 ) (417 ) (456 ) (256 ) $ (1,712 ) Recoveries 801 279 33 100 1,213 Net recoveries (charge-offs) 218 (138 ) (423 ) (156 ) (499 ) (Recovery of) provision for loan losses (2,040 ) (281 ) 91 548 (1,682 ) Ending balance $ 10,298 $ 2,397 $ 2,697 $ 435 $ 15,827 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 10,298 $ 2,397 $ 2,697 $ 435 $ 15,827 Financing Receivables: Ending balance $ 1,213,673 $ 123,747 $ 226,691 $ 2,555 $ 1,566,666 Ending balance: individually evaluated for impairment $ 3,082 $ 75 $ 3,401 $ 84 $ 6,642 Ending balance: collectively evaluated for impairment $ 1,210,591 $ 123,672 $ 223,290 $ 2,471 $ 1,560,024 (1) Amount includes both home equity lines of credit and term loans. (2) Includes the unallocated portion of the allowance for loan losses. For the Nine Months Ended September 30, 2015 Commercial Home Equity (1) Residential Real Estate Other (2) Total Allowance for loan losses: Beginning balance $ 15,834 $ 3,238 $ 3,513 $ 661 $ 23,246 Charge-offs (1,123 ) (2,815 ) (2,339 ) (142 ) $ (6,419 ) Recoveries 3,845 368 815 38 5,066 Net charge-offs 2,722 (2,447 ) (1,524 ) (104 ) (1,353 ) (Recovery of) provision for loan losses (6,251 ) 2,234 1,572 (535 ) (2,980 ) Ending balance $ 12,305 $ 3,025 $ 3,561 $ 22 $ 18,913 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 12,305 $ 3,025 $ 3,561 $ 22 $ 18,913 Financing Receivables: Ending balance $ 1,119,088 $ 146,501 $ 257,678 $ 4,914 $ 1,528,181 Ending balance: individually evaluated for impairment $ 999 $ 96 $ 2,505 $ 6 $ 3,606 Ending balance: collectively evaluated for impairment $ 1,118,089 $ 146,405 $ 255,173 $ 4,908 $ 1,524,575 (1) Amount includes both home equity lines of credit and term loans. (2) Includes the unallocated portion of the allowance for loan losses. Risk Characteristics Commercial Loans. Included in this segment are commercial and industrial, commercial real estate owner occupied, commercial real estate non-owner occupied, and land and development loans. Commercial and industrial loans are primarily secured by assets of the business, such as accounts receivable and inventory. Due to the nature of the collateral securing these loans, the liquidation of these assets may be problematic and costly. Commercial real estate owner occupied loans rely on the cash flow from the successful operation of the borrower’s business to make repayment. If the operating company experiences difficulties in terms of sales volume and/or profitability, the borrower’s ability to repay the loan may be impaired. Commercial real estate non-owner occupied loans rely on the payment of rent by third-party tenants. The borrower’s ability to repay the loan or sell the property may be impacted by loss of tenants, lower lease rates needed to attract new tenants or the inability to sell a completed project in a timely fashion and at a profit. Commercial real estate owner occupied and non-owner occupied loans are secured by the underlying properties. The local economy and real estate market affect the appraised value of these properties which may impact the ultimate repayment of these loans. Land and development loans are primarily repaid by the sale of the developed properties or by conversion to a permanent term loan. These loans are dependent upon the completion of the project on time and within budget, which may be impacted by general economic conditions. The Company requires cash collateral in an interest reserve in order to extend credit on construction projects to mitigate the credit risk. Home Equity Loans. This segment consists of both home equity lines of credit and home equity term loans on single family residences. These loans rely on the personal income of the borrower for repayment which may be impacted by economic conditions, such as unemployment levels, interest rates and the housing market. These loans are primarily secured by second liens on the property, which serves as the secondary source of repayment. The secondary source of repayment may be impaired by the real estate market and local regulations. The Company ceased all origination activity on home equity lines of credit and all home equity term loans in the second half of 2014. Residential Real Estate Loans. Included in this segment are residential mortgages on single family residences. These loans rely on the personal income of the borrower for repayment which may be impacted by economic conditions, such as unemployment levels, interest rates and the housing market. These loans are primarily secured by a lien on the underlying property, which serves as the secondary source of repayment. The secondary source of repayment may be impaired by the real estate market and local regulations. Beginning in the third quarter of 2014, the Company ceased all residential real estate origination activity for both its portfolio and for sale to the secondary market. Other Loans . Other loans consist of personal credit lines, mobile home loans and consumer installment loans. These loans rely on the borrowers’ personal income for repayment and are either unsecured or secured by personal use assets and mobile homes. These loans may be impacted by economic conditions such as unemployment levels. The liquidation of the assets securing these loans may be difficult and costly. The allowance for loan losses was $15.8 million and $18.0 million at September 30, 2016 and December 31, 2015, respectively. The ratio of allowance for loan losses to gross loans held-for-investment was 1.01% at September 30, 2016 and 1.16% at December 31, 2015. The provision for loan losses charged to expense is based upon historical loan loss and recovery experience, a series of qualitative factors and an evaluation of incurred losses in the current loan portfolio, including the evaluation of impaired loans under FASB ASC 310, Receivables A loan is considered to be impaired when, based upon current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan. An insignificant delay in payment or insignificant shortfall in amount of payments received does not necessarily result in a loan being identified as impaired. For this purpose, delays less than 90 days are considered to be insignificant. Impairment losses are included in the provision for loan losses in the unaudited condensed consolidated statements of operations. Loans not individually reviewed are evaluated as a group using reserve factor percentages based on historical loss and recovery experience and qualitative factors. Such loans generally include consumer loans, residential real estate loans and small business loans. In determining the appropriate level of the general pooled allowance, management makes estimates based on internal risk ratings, which take into account such factors as debt service coverage, loan-to-value ratios, management’s abilities and external factors. The following table presents the Company’s components of impaired loans receivable, segregated by class of loans. Commercial and consumer loans that were collectively evaluated for impairment are not included in the data that follows: Impaired Loans As of September 30, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Accrued Interest Income Recognized Cash Interest Income Recognized For the Nine Months Ended September 30, 2016 With no related allowance: Commercial: Commercial & industrial $ 2,144 $ 2,402 $ — $ 2,167 $ — $ — CRE owner occupied 403 546 — 408 — — CRE non-owner occupied 528 528 — 532 — — Consumer: Residential real estate 3,401 3,658 — 3,444 — — Home equity term loans 75 87 — 77 — — Other 84 88 — 85 — — Consumer held for sale: Residential real estate, held-for-sale 179 317 — 178 — — With an allowance recorded: Consumer: Other — — — — — — Total commercial $ 3,075 $ 3,476 $ — $ 3,107 $ — $ — Total consumer $ 3,739 $ 4,150 $ — $ 3,784 $ — $ — Impaired Loans As of September 30, 2015 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Accrued Interest Income Recognized Cash Interest Income Recognized For the Nine Months Ended September 30, 2015 With no related allowance: Commercial: Commercial and industrial $ 229 $ 730 $ — $ 234 $ — $ — CRE owner occupied 765 2,255 — 883 — — CRE non-owner occupied — — — 114 — — Land and development — — — — — — Consumer: Residential real estate 2,505 2,713 — 3,065 — — Home equity term loans 92 99 — 97 — — Home equity lines of credit 4 4 — 50 Other 7 11 — 7 — — Commercial held-for-sale: Commercial and industrial — — — 73 — — CRE owner occupied — — — 167 — — CRE non-owner occupied — — — 119 — — Consumer held-for-sale: Residential real estate — — — 736 — — Other — — — 22 — — With an allowance recorded: Consumer: Other — — — — — — Total commercial $ 994 $ 2,985 $ — $ 1,590 $ — $ — Total consumer $ 2,608 $ 2,827 $ — $ 3,977 $ — $ — In accordance with FASB ASC 310, those impaired loans for which the collateral is sufficient to support the outstanding principal do not result in a specific allowance for loan losses. Included in impaired loans at September 30, 2016 were eleven TDRs, totaling $3.4 million, for which the collateral is sufficient to support the outstanding principal, one of which was in accruing status. There were no TDRs at September 30, 2016 that included a commitment to lend additional funds as of September 30, 2016. There were three and six TDR agreements entered into during the three and nine months ended September 30, 2016, respectively. The following table presents a summary of the Company’s TDR agreements entered into during the three and nine months ended September 30, 2016: Troubled Debt Restructurings For the Three Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Residential real estate 3 $ 596 $ 603 Troubled Debt Restructurings For the Nine Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & industrial 2 $ 2,468 $ 2,468 Residential real estate 4 609 616 There were zero and three TDR agreements entered into during the three and nine months ended September 30, 2015, respectively. The following table presents a summary of the Company’s TDR agreements entered into during the nine months ended September 30, 2015. Troubled Debt Restructurings For the Nine Months Ended September 30, 2015 Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Residential real estate 3 $ 546 $ 484 The following table presents information regarding the types of concessions granted on loans that were restructured during the three and nine months ended September 30, 2016 and 2015: Troubled Debt Restructurings For the Three Months Ended September 30, 2016 Number of Contracts Concession Granted Residential real estate 2 Principal repayment terms Residential real estate 1 Rate reduction & principal repayment terms Troubled Debt Restructurings For the Nine Months Ended September 30, 2016 Number of Contracts Concession Granted Commercial & industrial 2 Rate reduction & principal repayment terms Residential real estate 2 Principal repayment terms Residential real estate 1 Forgiveness of debt Residential real estate 1 Rate reduction & principal repayment terms Troubled Debt Restructurings For the Nine Months Ended September 30, 2015 Number of Contracts Concession Granted Residential real estate 3 Extension of maturity During the nine month periods ended September 30, 2016 and 2015, the Company did not have any TDR agreements that had subsequently defaulted that were entered into within the respective preceding twelve months. The following table presents the Company’s distribution of risk ratings within the Company’s held-for-investment loan portfolio, segregated by class, as of September 30, 2016 and December 31, 2015: Credit Quality Indicators by Internally Assigned Grade Commercial & industrial CRE owner occupied CRE non- owner occupied Land and development Home Equity Lines of Credit Home Equity Term Loans Residential Real Estate Other Total As of September 30, 2016 Grade: Pass $ 223,976 $ 223,584 $ 675,599 $ 84,692 $ 113,946 $ 9,681 $ 223,106 $ 2,471 $ 1,557,055 Special Mention 344 686 — — — — — — 1,030 Substandard 2,173 1,895 724 — 45 75 3,585 84 8,581 Doubtful — — — — — — — — — Total $ 226,493 $ 226,165 $ 676,323 $ 84,692 $ 113,991 $ 9,756 $ 226,691 $ 2,555 $ 1,566,666 As of December 31, 2015 Grade: Pass $ 227,220 $ 223,695 $ 625,700 $ 68,070 $ 130,401 $ 12,294 $ 247,002 $ 3,007 $ 1,537,389 Special Mention 2,926 2,273 — — — — — — 5,199 Substandard 535 2,223 — — — 89 2,973 101 5,921 Doubtful — — — — — — — — — Total $ 230,681 $ 228,191 $ 625,700 $ 68,070 $ 130,401 $ 12,383 $ 249,975 $ 3,108 $ 1,548,509 The Company’s primary tool for assessing risk when evaluating a credit in terms of its underwriting, structure, documentation and eventual collectability is a risk rating system in which the loan is assigned a numeric value. Behind each numeric category is a defined set of characteristics reflective of the particular level of risk. The risk rating system is based on a fourteen point grade using a two-digit scale. The upper seven grades are for “pass” categories, the middle grade is for the “criticized” category, while the lower six grades represent “classified” categories which are equivalent to the guidelines utilized by the OCC. The portfolio manager is responsible for assigning, maintaining, and documenting accurate risk ratings for all commercial loans and commercial real estate loans. The portfolio manager assigns a risk rating at the inception of the loan, reaffirms it annually, and adjusts the rating based on the performance of the loan. As part of the loan review process, a regional credit officer will review risk ratings for accuracy. The portfolio manager’s risk rating will also be reviewed periodically by the loan review department and the Bank’s regulators. To calculate risk ratings in a consistent fashion, the Company uses a Risk Rating Methodology that assesses quantitative and qualitative components which include elements of the Company’s financial condition, abilities of management, position in the market, collateral and guarantor support and the impact of changing conditions. When combined with professional judgment, an overall risk rating is assigned. The following table presents the Company’s analysis of past due loans, segregated by class of loans, as of September 30, 2016 and December 31, 2015: Aging of Receivables 30-59 Days Past Due 60-89 Days Past Due 90 Days Past Due Total Past Due Current Total Financing Receivables As of September 30, 2016 Commercial: Commercial and industrial $ 9 $ — $ — $ 9 $ 226,484 $ 226,493 CRE owner occupied 601 39 215 855 225,310 226,165 CRE non-owner occupied 195 — — 195 676,128 676,323 Land and development — — — — 84,692 84,692 Consumer: Home equity lines of credit 529 61 — 590 113,401 113,991 Home equity term loans — — — — 9,756 9,756 Residential real estate 1,916 1,236 862 4,014 222,677 226,691 Other 18 — 84 102 2,453 2,555 Total $ 3,268 $ 1,336 $ 1,161 $ 5,765 $ 1,560,901 $ 1,566,666 As of December 31, 2015 Commercial: Commercial and industrial $ — $ — $ 228 $ 228 $ 230,453 $ 230,681 CRE owner occupied 736 35 622 1,393 226,798 228,191 CRE non-owner occupied — — — — 625,700 625,700 Land and development — — — — 68,070 68,070 Consumer: Home equity lines of credit 136 31 — 167 130,234 130,401 Home equity term loans 14 — — 14 12,369 12,383 Residential real estate 3,504 1,623 911 6,038 243,937 249,975 Other 15 3 101 119 2,989 3,108 Total $ 4,405 $ 1,692 $ 1,862 $ 7,959 $ 1,540,550 $ 1,548,509

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	(8) Derivative Financial Instruments and Hedging Activities Derivative financial instruments involve, to varying degrees, interest rate, market and credit risk. The Company manages these risks as part of its asset and liability management process and through credit policies and procedures. The Company seeks to minimize counterparty credit risk by establishing credit limits and collateral agreements. The Company utilizes certain derivative financial instruments to enhance its ability to manage interest rate risk that exists as part of its ongoing business operations. In general, the derivative transactions entered into by the Company fall into one of two types: a fair value hedge of a specific fixed-rate loan agreement and an economic hedge of a derivative offering to a Bank customer. The Company does not use derivative financial instruments for trading purposes. Fair Value Hedges – Interest Rate Swaps. The Company utilizes interest rate swap agreements to hedge interest rate risk. The designated hedged items are subordinated notes related to commercial loans that provide a fixed interest receipt for the Company. The interest rate risk is the uncertainty of future interest rate levels and the impact of changes in rates on the fair value of the loans. The hedging of interest rate risk is intended to reduce the volatility of the fair value of the loans due to changes in the interest rate market. The Company previously entered into interest rate swaps with a counterparty whereby the Company makes payments based on a fixed interest rate and receives payments from the counterparty based on a floating interest rate, both calculated based on the principal amount of the underlying subordinated note, without the exchange of the underlying principal. The Company no longer enters into these interest rate swap transactions, the last of which occurred in August 2007. The interest rate swaps are designated as fair value hedges under FASB ASC 815, Derivatives and Hedging (“FASB ASC 815”). The critical terms assessed by the Company for each hedge of subordinated notes include the notional amounts of the swap compared to the principal amount of the notes, expiration/maturity dates, benchmark interest rate, prepayment terms and cash payment dates. At September 30, 2016 and December 31, 2015, the total outstanding notional amount of these swaps was $2.6 million and $5.6 million, respectively. For each of these swap agreements, the floating rate is based on the one-month London Interbank Offered Rate (“LIBOR”) paid on the first day of the month which matches the interest payment date on each subordinated note. The expiration dates for these swap agreements range from December 1, 2016 to August 1, 2022 and are consistent with the underlying subordinated note maturities and the swaps had a fair value of $0 at inception. At hedge inception and on an ongoing basis, conditions supporting hedge effectiveness are evaluated. The Company believes that all conditions required in FASB ASC 815-20-25-104 have been met, as all terms of the subordinated note and the interest rate swap match. Because the Company’s evaluations have concluded that the critical terms of the subordinated notes and the interest rate swaps meet the criteria outlined in FASB ASC 815-20-25-104, the “short-cut” method of accounting is applied, which assumes there is no ineffectiveness of a hedging arrangement’s ability to hedge risk as changes in the interest rate component of the swaps’ fair value are expected to exactly offset the corresponding changes in the fair value of the underlying subordinated notes, as described above. Because the hedging arrangement is considered perfectly effective, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in a net impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC 820, Fair Value Measurements and Disclosures (“FASB ASC 820”). The following tables provide information pertaining to interest rate swaps designated as fair value hedges under FASB ASC 815 at September 30, 2016 and December 31, 2015: Summary of Interest Rate Swaps Designated As Fair Value Hedges September 30, 2016 December 31, 2015 Balance Sheet Location Notional Fair Value Notional Fair Value Other liabilities $ 2,589 $ (235 ) $ 5,572 $ (351 ) Summary of Interest Rate Swap Components September 30, 2016 December 31, 2015 Weighted average pay rate 7.25 % 7.28 % Weighted average receive rate 1.93 % 1.98 % Weighted average maturity in years 2.01 1.5 Customer Derivatives – Interest Rate Swaps. The Company enters into interest rate swaps that allow our commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate loan into a fixed-rate loan. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The interest rate swaps with both the customers and third parties are not designated as hedges under FASB ASC 815 and are marked to market through earnings. As the interest rate swaps are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC 820. The Company recognized $87 thousand and $70 thousand in expense resulting from fair value adjustments during the nine months ended September 30, 2016 and 2015, respectively, which were included in other income in the unaudited condensed consolidated statements of operations. September 30, 2016 December 31, 2015 Balance Sheet Location Notional Fair Value Notional Fair Value Other assets $ 70,112 $ 3,637 $ 98,976 $ 5,611 Other liabilities (70,112 ) (3,662 ) (98,976 ) (5,649 ) The Company has an International Swaps and Derivatives Association agreement with a third party that requires a minimum dollar transfer amount upon a margin call. This requirement is dependent on certain specified credit measures. The amount of collateral posted with the third party at September 30, 2016 and December 31, 2015 was $15.3 million and $19.2 million, respectively. The amount of collateral posted with the third party is deemed to be sufficient to collateralize both the fair market value change as well as any additional amounts that may be required as a result of a change in the specified credit measures. The aggregate fair value of all derivative financial instruments in a liability position with credit measure contingencies and entered into with the third party was $3.9 million and $6.0 million at September 30, 2016 and December 31, 2015, respectively.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2016
Banking And Thrift [Abstract]
Deposits	(9) Deposits Deposits consist of the following major classifications: September 30, 2016 December 31, 2015 Interest-bearing demand deposits $ 678,547 $ 724,881 Non-interest-bearing demand deposits 403,334 461,467 Savings deposits 242,590 221,620 Time certificates under $250,000 327,360 282,584 Time certificates $250,000 or more 28,737 12,217 Brokered time deposits 37,066 43,333 Total $ 1,717,634 $ 1,746,102

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	(10) Earnings Per Share Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, during the period. Diluted earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, after consideration of the potential dilutive effect of common stock equivalents, based upon the treasury stock method using an average market price for the period. Earnings Per Share Computation For the Three Months Ended September 30, 2016 2015 Net income $ 1,630 $ 3,164 Average common shares outstanding 18,874,577 18,668,791 Net effect of dilutive common stock equivalents 88,163 69,726 Adjusted average shares outstanding – dilutive 18,962,740 18,738,517 Basic income per share $ 0.09 $ 0.17 Diluted income per share $ 0.09 $ 0.17 For the Nine Months Ended September 30, 2016 2015 Net income $ 5,418 $ 8,768 Average common shares outstanding 18,821,047 18,639,482 Net effect of dilutive common stock equivalents 88,820 49,555 Adjusted average shares outstanding – dilutive 18,909,867 18,689,037 Basic income per share $ 0.29 $ 0.47 Diluted income per share $ 0.29 $ 0.47

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	(11) Commitments and Contingent Liabilities Letters of Credit In the normal course of business, the Company has various commitments and contingent liabilities, such as customers’ letters of credit (including standby letters of credit of $8.6 million and $13.3 million at September 30, 2016 and December 31, 2015, respectively) which are not reflected in the accompanying unaudited condensed consolidated financial statements. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Reserve for Unfunded Commitments The Company maintains a reserve for unfunded loan commitments and letters of credit which is reported in other liabilities in the unaudited condensed consolidated statements of financial condition consistent with FASB ASC 825, Financial Instruments. Contingencies Guarantees Reserves for Loans Sold with Recourse The Company maintains reserves for residential mortgage loans and small business loans sold with recourse to third-party purchasers which are reported in other liabilities in the unaudited condensed consolidated statements of financial condition. The Company records estimated losses inherent with residential mortgage loans sold with recourse in accordance with FASB ASC 450, Contingencies

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(12) Fair Value of Financial Instruments The Company accounts for fair value measurement in accordance with FASB ASC 820, Fair Value Measurements and Disclosure FASB ASC 820 describes three levels of inputs that may be used to measure fair value: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs 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; and inputs that are derived principally from or corroborated by observable market data by correlation or other means. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. FASB ASC 820 requires the Company to disclose the fair value of financial assets on both a recurring and non-recurring basis. The assets and liabilities measured at fair value on a recurring basis are as follows: Category Used for Fair Value Measurement September 30, 2016 Total Level 1 Level 2 Level 3 Assets: Investment securities available for sale: U.S. Treasury securities $ 2,499 $ 2,499 $ — $ — U.S. Government agency securities — — — — U.S. Government agency mortgage-backed securities 240,292 — 240,292 — Other mortgage-backed securities 175 — 175 — Trust preferred securities 9,747 — — 9,747 Collateralized loan obligations 37,227 — 37,227 — Other securities 1,932 1,932 — — Hedged commercial loans 2,825 — 2,825 — Interest rate swaps 3,637 — 3,637 — Liabilities: Fair value interest rate swaps 235 — 235 — Interest rate swaps 3,662 — 3,662 — December 31, 2015 Assets: Investment securities available for sale: U.S. Treasury securities $ 2,484 $ 2,484 $ — $ — U.S. Government agency securities 4,902 — 4,902 — U.S. Government agency mortgage-backed securities 205,512 — 205,512 — Other mortgage-backed securities 182 — 182 — Trust preferred securities 10,174 — — 10,174 Collateralized loan obligations 58,996 — 58,996 — Other securities 625 625 — — Hedged commercial loans 5,924 — 5,924 — Interest rate swaps 5,611 — 5,611 — Liabilities: Fair value interest rate swaps 351 — 351 — Interest rate swaps 5,649 — 5,649 — Level 1 Valuation Techniques and Inputs U.S. Treasury securities. The Company reports U.S. Treasury securities at fair value utilizing Level 1 inputs. These securities are priced using observable quotations for the indicated security. Other securities. The other securities category is comprised of money market mutual funds. Given the short maturity structure and the expectation that the investment can be redeemed at par value, the fair value of these investments is assumed to be the book value. Level 2 Valuation Techniques and Inputs The majority of the Company’s investment securities are reported at fair value utilizing Level 2 inputs. Prices of these securities are obtained through independent, third-party pricing services. Prices obtained through these sources include market derived quotations and matrix pricing and may include both observable and unobservable inputs. Fair market values take into consideration data such as dealer quotes, new issue pricing, trade prices for similar issues, prepayment estimates, cash flows, market credit spreads and other factors. The Company reviews the output from the third-party providers for reasonableness by the pricing consistency among securities with similar characteristics, where available, and by comparing values with other pricing sources available to the Company. In general, the Level 2 valuation process uses the following significant inputs in determining the fair value of the Company’s different classes of investments: U.S. Government agency securities. These securities are evaluated based on either a nominal spread basis for non-callable securities or on an option adjusted spread (“OAS”) basis for callable securities. The nominal spread and OAS levels are based on observations of identical or comparable securities actively trading in the markets. U.S. Government agency mortgage-backed securities. The Company’s agency mortgage-backed securities generally fall into one of two categories, fixed-rate agency mortgage-backed pools or adjustable-rate agency mortgage-backed pools. Fixed-rate agency mortgage-backed pools are valued based on spreads to actively traded To-Be-Announced and seasoned securities, the pricing of which is provided by inter-dealer brokers, broker dealers and other contributing firms active in trading the security class. Further delineation is made by weighted average coupon and weighted average maturity with spreads on individual securities relative to actively traded securities as determined and quality controlled using OAS valuations. Adjustable-rate agency mortgage-backed pools are valued on a bond equivalent effective margin (“BEEM”) basis obtained from broker-dealers and other contributing firms active in the market. BEEM levels are established for key sectors using characteristics such as month-to-roll, index, periodic and life caps and index margins and convertibility. Individual securities are then evaluated based on how their characteristics map to the sectors established. Other mortgage-backed securities. The Company’s other mortgage-backed securities consist of whole loan, non-agency collateralized mortgage obligations (“CMOs,” individually, each a “CMO”). These securities are valued based on generic tranches and generic prepayment speed estimates of various types of collateral from contributing firms and broker/dealers in the whole loan CMO market. Collateralized loan obligations. The fair value measurements for collateralized loan obligations are obtained through quotes obtained from broker/dealers based on similar actively traded securities. Hedged commercial loans. The hedged commercial loans are one component of a declared hedging relationship as defined under FASB ASC 815. The interest rate swap component of the declared hedging relationship is carried at its fair value and the carrying value of the commercial loans included a similar change in fair values. The fair value of these loans is estimated through discounted cash flow analysis which utilizes available credit and interest rate market data on performance of similar loans. Interest rate swaps. The Company’s interest rate swaps, including fair value interest rate swaps and small exposures in interest rate caps and floors, are reported at fair value utilizing models provided by an independent, third-party and observable market data. When entering into an interest rate swap agreement, the Company is exposed to fair value changes due to interest rate movements, and also the potential nonperformance of our contract counterparty. Interest rate swaps are evaluated based on a zero coupon LIBOR curve created from readily observable data on LIBOR, interest rate futures and the interest rate swap markets. The zero coupon curve is used to discount the projected cash flows on each individual interest rate swap. In addition, the Company has developed a methodology to value the nonperformance risk based on internal credit risk metrics and the unique characteristics of derivative instruments, which include notional exposure rather than principal at risk and interest payment netting. The results of this methodology are used to adjust the base fair value of the instrument for the potential counterparty credit risk. Interest rate caps and floors are evaluated using industry standard options pricing models and observed market data on LIBOR and Eurodollar option and cap/floor volatilities. Level 3 Valuation Techniques and Inputs Trust preferred securities. The trust preferred securities are evaluated on a quarterly basis based on whether the security is an obligation of a single issuer or part of a securitization pool. For single issuer obligations, the Company uses discounted cash flow models which incorporate the contractual cash flow for each issue adjusted as necessary for any potential changes in amount or timing of cash flows. The cash flow model of a pooled issue incorporates anticipated loss rates and severities of the underlying collateral as well as credit support provided within the securitization. At least quarterly, the Company’s Treasury personnel review the modeling assumptions which include default assumptions, discount and forward rates. Changes in those assumptions could potentially have a significant impact on the fair value of the trust preferred securities. The cash flow model for the pooled issue owned by the Company at September 30, 2016 assumes no recovery on defaulted collateral, no recovery on securities in deferral and an additional 3.6% future default rate assumption on the remaining performing collateral every three years with no recovery rate. For trust preferred securities, projected cash flows are discounted at a rate based on a trading group of similar securities quoted on the New York Stock Exchange or over-the-counter markets which is reviewed for market data points such as credit rating, maturity, price and liquidity. The Company indexes the securities to a comparable maturity interest rate swap to determine the market spread, which is then used as the discount rate in the cash flow models. As of the reporting date, the market spreads were 2.50% for the pooled security and 5.5% for the single issuer. An increase or decrease of three percentage points in the discount rate on the pooled issue would result in a decrease of $2.3 million or an increase of $3.1 million in the security fair value, respectively. An increase or decrease of three percentage points in the discount on the single issuer would result in a decrease of $1.5 million or an increase of $1.5 million in the security fair value, respectively. The following provides details of the Level 3 fair value measurement activity for the three and nine months ended September 30, 2016 and 2015: Fair Value Measurements Using Significant Unobservable Inputs-Level 3 Investment Securities For the Three Months Ended September 30, 2016 2015 Balance, beginning of period $ 9,562 $ 10,103 Total gains, realized/unrealized: Included in earnings 1 1 Included in accumulated other comprehensive income 184 (1,328 ) Purchases — — Maturities — — Prepayments — — Calls — — Transfers out of Level 3 — — Balance, end of period $ 9,747 $ 8,776 For the Nine Months Ended September 30, 2016 2015 Balance, beginning of period $ 10,175 $ 9,410 Total gains, realized/unrealized: Included in earnings 4 3 Included in accumulated other comprehensive income (432 ) (637 ) Purchases — Maturities — — Prepayments — — Calls — — Transfers out of Level 3 — — Balance, end of period $ 9,747 $ 8,776 There were no transfers between the three levels for the nine months ended September 30, 2016 and 2015. The Company evaluates its hierarchy on a quarterly basis to ensure proper classification. Certain assets are measured at fair value on a nonrecurring 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). The Company measures impaired loans, loans held-for-sale, bank properties and equipment and bank properties transferred to other real estate owned at fair value on a non-recurring basis. At September 30, 2016 and 2015, these assets were valued in accordance with GAAP and, except for impaired loans and loans held-for-sale included in the following table, did not require fair value disclosure under the provisions of FASB ASC 820. The related changes in fair value for the nine months ended September 30, 2016 and 2015 are as follows: Category Used for Fair Value Measurement Total Losses Or Changes in Net Assets / Total Level 1 Level 2 Level 3 Liabilities September 30, 2016 Assets: Impaired loans $ 3,477 $ — $ — $ 3,477 $ (585 ) Loans held-for-sale, at lower of cost or market 178 — 178 — (136 ) September 30, 2015 Assets: Impaired loans $ 1,222 $ — $ — $ 1,222 $ (821 ) Under FASB ASC 310, the fair value of collateral dependent impaired loans is based on the fair value of the underlying collateral, typically real estate, which is based on valuations. It is the policy of the Company to obtain a current appraisal or evaluation when a loan has been identified as non-performing. The type of appraisal obtained will be commensurate with the size and complexity of the loan. The resulting value will be adjusted for the potential cost of liquidation and decline of values in the market. New appraisals are obtained on an annual basis until the loan is repaid in full, liquidated, or returns to performing status. While the loan policy dictates that a loan be assigned to the special assets department when it is placed on non-accrual status, there is a need for loan officers to consistently and accurately determine collateral values when a loan is initially designated as criticized or classified. The most effective means of determining the fair value of real estate collateral at a point in time is by obtaining a current appraisal or evaluation of the property. In anticipation of the receipt of a current appraisal or evaluation, the Company will provide for an alternative and interim means of determining the fair value of the real estate collateral, such as broker pricing. The most recent appraisal or reported value of the collateral securing a loan, net of a discount for the estimated cost of liquidation, is the Company’s basis for determining fair value. The following table summarizes the Company’s appraisal approach based upon loan category. Loan Category Used for Impairment Review Method of Determining the Value Loans less than $1 million Evaluation report or restricted use appraisal Loans $1 million or greater Existing appraisal 18 months or less Restricted use appraisal Existing appraisal greater than 18 months Summary form appraisal Commercial loans secured primarily by residential real estate Loans less than $1 million Automated valuation model Loans $1 million or greater Summary form appraisal Non-commercial loans secured primarily by residential real estate Loans less than $250,000 Automated valuation model or summary form appraisal Loans $250,000 or greater Summary form appraisal An evaluation report, as defined by the OCC, is a written report prepared by an appraiser that describes the real estate collateral, its condition, current and projected uses and sources of information used in the analysis, and provides an estimate of value in situations when an appraisal is not required. A restricted use appraisal is defined as a written report prepared under the Uniform Standards of Professional Appraisal Practice (“USPAP”). A restricted use appraisal is for the Company’s use only and contains a brief statement of information significant to the determination of the value of the collateral under review. This report can be used for ongoing collateral monitoring. A summary form appraisal is defined as a written report prepared under the USPAP which contains a detailed summary of all information significant to the determination of the collateral valuation. This report is more detailed than a restricted use report and provides sufficient information to enable the user to understand the rationale for the opinions and conclusions in the report. An automated valuation model is an internal computer program that estimates a property’s market value based on market, economic, and demographic factors. On a quarterly basis, or more frequently as necessary, the Company will review the circumstances of each collateral dependent loan and real estate owned property. A collateral dependent loan is defined as one that relies solely on the operation or the sale of the collateral for repayment. Adjustments to any specific reserve relating to a collateral shortfall, as compared to the outstanding loan balance, will be made if justified by appraisals, market conditions or current events concerning the credit. All appraisals received which are utilized to determine valuations for criticized and classified loans or properties placed in real estate owned are provided under an “as is” value. Partially charged off loans are measured for impairment upon receipt of an updated appraisal based on the relationship between the remaining balance of the charged down loan and the discounted appraised value. Such loans will remain on non-accrual status unless performance by the borrower warrants a return to accrual status. Recognition of non-accrual status occurs at the time a loan can no longer support principal and interest payments in accordance with the original terms and conditions of the loan documents. When impairment is determined, a specific reserve reflecting any calculated shortfall between the value of the collateral and the outstanding balance of the loan is recorded. Subsequent adjustments, prior to receipt of a new appraisal, to any related specific reserve will be made if justified by market conditions or current events concerning the loan. If an internal discount-based evaluation is being used, the discount percentage may be adjusted to reflect market changes, changes to the collateral value of similar credits or circumstances of the individual loan itself. The amount of the charge-off is determined by calculating the difference between the current loan balance and the current collateral valuation, plus estimated cost to liquidate. Impaired loan fair value measurements are based upon unobservable inputs, and therefore, are categorized as a Level 3 measurement. There were no impaired loans with specific reserves at both September 30, 2016 and 2015. There were no charge-offs recorded on impaired loans with a specific reserve during both the nine months ended September 30, 2016, and 2015. Impaired loans held-for-investment with an aggregate carrying amount of $6.6 million and $1.2 million at September 30, 2016 and 2015, respectively, did not include specific reserves as the value of the underlying collateral was not below the carrying amount. However, these loans did include charge-offs of $585 thousand, of which $117 thousand related to loans that were fully charged off at September 30, 2016 and $821 thousand, of which $336 thousand related to loans that were fully charged off at September 30, 2015. Once a loan is determined to be uncollectible, the underlying collateral is repossessed and reclassified as other real estate owned. The balance of other real estate owned can also include bank properties transferred from operations. These assets are carried at the lower of cost or fair value of the collateral, less cost to sell. In some cases, adjustments are made to the appraised values for various factors including age of the appraisal, age of comparable properties included in the appraisal, and known changes in the market and the collateral. During the nine months ended September 30, 2016 and 2015, the Company did not record a decrease in fair value on either commercial or consumer properties. In accordance with ASC 825-10-50-10, Fair Value of Financial Instruments, the Company is required to disclose the fair value of its financial instruments. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a distressed sale. Fair value is best determined using observable market prices; however, for many of the Company’s financial instruments, no quoted market prices are readily available. In instances where quoted market prices are not readily available, fair value is determined using cash flow models or other techniques appropriate for the particular instrument. These techniques involve some degree of judgment and, as a result, are not necessarily indicative of the amounts the Company would realize in a current market exchange. Utilizing different assumptions or estimation techniques may have a material effect on the estimated fair value. Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities September 30, 2016 December 31, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and due from banks $ 27,569 $ 27,569 $ 21,836 $ 21,836 Interest-earning bank balances 128,723 128,723 182,479 182,479 Restricted cash 5,000 5,000 5,000 5,000 Investment securities available for sale 291,872 291,872 282,875 282,875 Investment securities held-to-maturity 250 250 250 250 Loans receivable, net 1,548,014 1,553,463 1,524,577 1,460,080 Loans held for sale, at lower of cost or market 1,450 1,450 — — Hedged commercial loans (1) 2,825 2,825 5,924 5,924 Restricted equity investments 15,909 15,909 15,733 15,733 Interest rate swaps 3,539 3,539 5,611 5,611 Liabilities: Demand deposits $ 1,081,881 $ 1,082,727 $ 1,186,348 $ 1,166,898 Savings deposits 242,590 239,332 221,620 213,498 Time deposits 393,164 404,066 338,134 339,294 Advances from FHLBNY 85,465 87,971 85,607 85,790 Junior subordinated debentures 92,786 62,590 92,786 63,520 Fair value interest rate swaps 235 235 351 351 Interest rate swaps 3,662 3,662 5,649 5,649 (1) Includes positive market value adjustment of $235 thousand and $351 thousand at September 30, 2016 and December 31, 2015, respectively, which is equal to the change in value of related interest rate swaps designated as fair value hedges of these hedged loans in accordance with FASB ASC 815. Cash and cash equivalents. For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value. This is a Level 1 fair value input. Restricted cash. For restricted cash, the carrying amount is a reasonable estimate of fair value. This is a Level 1 fair value input. Investment securities. For investment securities, fair values are based on a combination of quoted prices for identical assets in active markets, quoted prices for similar assets in markets that are either actively or not actively traded and price models, discounted cash flow methodologies, or similar techniques that may contain unobservable inputs that are supported by little or no market activity and require significant judgment. The fair value of available-for-sale securities is measured utilizing Level 1, Level 2, and Level 3 inputs. The fair value of held-to-maturity securities is measured utilizing Level 2 inputs. Loans receivable, net. The fair value of loans receivable is estimated using discounted cash flow analysis. Projected future cash flows are calculated using loan characteristics, and assumptions of voluntary and involuntary prepayment speeds. For performing loans, Level 2 inputs are utilized as the cash flow analysis is performed using available market data on the performance of similar loans. Projected cash flows are prepared using discount rates believed to represent current market rates. In the second quarter of 2016, an assumption change was made by the Company to the cash flow analysis to utilize loan spreads on loans for comparable banks in its local market as compared to national markets which was used previously. For non-performing loans, the cash flow assumptions are considered Level 3 inputs as market data is not readily available. Loans held for sale, at lower of cost or market. Loans held-for-sale, at lower of cost or market includes consumer loans identified for sale out of the portfolio. These loans are recorded at lower of cost or market. The fair value of these loans is determined through the use of broker quotes based on market data; this is a level 2 input. Hedged commercial loans. The hedged commercial loans are one component of a declared hedging relationship as defined under FASB ASC 815. The interest rate swap component of the declared hedging relationship is carried at its fair value and the carrying value of the commercial loans includes a similar change in fair values. The fair value of these loans is measured utilizing Level 2 inputs. Restricted equity securities. Ownership in equity securities of the Federal Reserve Bank of Philadelphia (the “Federal Reserve Bank”), FHLBNY and Atlantic Central Bankers Bank is restricted and there is no established market for their resale. The carrying amount is a reasonable estimate of fair value. The fair value is based on Level 2 inputs. Interest rate swaps and fair value interest rate swaps. The Company’s derivative financial instruments are not exchange-traded and therefore are valued utilizing models with the primary input being readily observable market parameters, specifically the LIBOR swap curve. In addition, the Company incorporates a qualitative fair value adjustment related to credit quality variations between counterparties as required by FASB ASC 820. This is a level 2 input. Demand deposits, savings deposits and time deposits. The fair value of demand deposits and savings deposits is determined by projecting future cash flows using an estimated economic life based on account characteristics, a Level 2 input. The resulting cash flow is discounted using rates available on alternative funding sources. The fair value of time deposits is estimated using the rate and maturity characteristics of the deposits to estimate their cash flow. This cash flow is discounted at rates for similar term wholesale funding. Junior subordinated debentures. The fair value was estimated by discounting approximate cash flows of the borrowings by yields estimating the fair value of similar issues. The valuation model considers current market spreads, known and anticipated credit issues of the underlying collateral, term and reinvestment period and market transactions of similar issues, if available. This is a Level 3 input under the fair value hierarchy. The fair value estimates presented herein are based on pertinent information available to management as of September 30, 2016 and December 31, 2015. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these condensed consolidated financial statements since those dates and, therefore, current estimates of fair value may differ significantly from the amount presented herein.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 2016
Banking And Thrift [Abstract]
Regulatory Matters	(13) Regulatory Matters The Company is subject to risk-based capital guidelines adopted by the FRB for bank holding companies. The Bank is also subject to similar capital requirements adopted by the OCC. Under these requirements, the federal bank regulatory agencies have established quantitative measures to ensure that minimum capital thresholds are maintained. Failure to meet minimum capital requirements can result in certain mandatory, and possibly additional discretionary, actions by the regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s consolidated financial statements. Pursuant to the Dodd-Frank Act, the federal bank regulatory agencies issued rules that subject many national banks and bank holding companies, including the Bank and the Company, to consolidated capital requirements, effective January 1, 2015 (the “Final Capital Rules”). The Final Capital Rules also revised the quantity and quality of capital required by (1) establishing a new minimum common equity Tier 1 capital ratio of 4.5% of risk-weighted assets; (2) raising the minimum capital ratio from 4.0% to 6.0% of risk-weighted assets; (3) maintaining the minimum total capital ratio of 8.0% of risk-weighted assets; and (4) maintaining a minimum Tier 1 leverage capital ratio of 4.0%. Furthermore, the Final Capital Rules added a requirement for a minimum common equity Tier 1 capital conservation buffer of 2.5% of risk-weighted assets, (“Conservation Buffer”) to be applied to the common equity Tier 1 capital ratio, the Tier 1 capital ratio and the total capital ratio. The required minimum Conservation Buffer will be phased in incrementally between 2016 and 2019. The Conservation Buffer requirement was phased in beginning on January 1, 2016 at 0.625% of risk-weighted assets and will increase by that amount each year until fully implemented in January 2019. If a bank’s or bank holding company’s Conservation Buffer is less than the required minimum and its net income for the four calendar quarters preceding the applicable calendar quarter, net of any capital distributions and associated tax effects not already reflected in net income (“Eligible Retained Income”) is negative, it would be prohibited from making capital distributions or certain discretionary cash bonus payments to executive officers. As a result, under the Final Capital Rules, should the Company fail to maintain the Conservation Buffer, it would be subject to limits on, and in the event the Company has negative Eligible Retained Income for any four consecutive calendar quarters, it would be prohibited in, the Company’s ability to obtain capital distributions from the Bank. At September 30, 2016, the Bank exceeded all regulatory capital requirements to be considered “well capitalized”, including the Conservation Buffer of 0.625%. The following table provides both the Company’s and the Bank’s risk-based capital ratios as of September 30, 2016 and December 31, 2015. Regulatory Capital Levels Actual For Capital Adequacy Purposes (1) To Be Well Capitalized Under Prompt Corrective Action Provision (2) Amount Ratio Amount Ratio Amount Ratio September 30, 2016: Total risk-based capital (to risk-weighted assets): Sun Bancorp, Inc. $ 334,371 21.19 % $ 126,208 8.00 % N/A Sun National Bank 304,414 19.34 125,943 8.00 $ 157,428 10.00 % Tier 1 common equity capital (to risk- weighted assets): Sun Bancorp, Inc. 227,930 14.45 70,992 4.50 N/A Sun National Bank 287,973 18.29 70,843 4.50 102,328 6.50 Tier 1 capital (to risk-weighted assets): Sun Bancorp, Inc. 284,916 18.06 94,656 6.00 N/A Sun National Bank 287,973 18.29 94,457 6.00 126,943 8.00 Leverage capital: Sun Bancorp, Inc. 284,916 13.26 85,971 4.00 N/A Sun National Bank 287,973 13.42 85,835 4.00 107,293 5.00 December 31, 2015: Total risk-based capital (to risk-weighted assets): Sun Bancorp, Inc. $ 328,575 21.04 % $ 124,914 8.00 % N/A Sun National Bank 297,735 19.11 124,649 8.00 $ 155,811 10.00 % Tier 1 common equity capital (to risk- weighted assets): Sun Bancorp, Inc. 219,939 14.09 70,264 4.50 N/A Sun National Bank 279,100 17.91 70,115 4.50 101,277 6.50 Tier 1 capital (to risk-weighted assets): Sun Bancorp, Inc. 274,928 17.61 93,685 6.00 N/A Sun National Bank 279,100 17.91 93,487 6.00 124,648 8.00 Leverage capital: Sun Bancorp, Inc. 274,928 12.19 90,203 4.00 N/A Sun National Bank 279,100 12.39 90,069 4.00 112,587 5.00 (1) The September 30, 2016 ratios for capital adequacy purposes exclude the 0.625% Conservation Buffer. (2) Not applicable for bank holding companies. On April 15, 2010, the Bank entered into a written agreement with the OCC (the “OCC Agreement”) which contained requirements to develop and implement a profitability and capital plan that would provide for the maintenance of adequate capital to support the Bank’s risk profile. The OCC had also imposed an individual minimum capital requirement on the Bank. An individual minimum capital requirement requires a bank to establish and maintain levels of capital greater than those generally required for a bank to be “well capitalized.” At December 31, 2015, the Bank was in compliance with its individual minimum capital requirement. Effective January 21, 2016, the OCC Agreement and the individual minimum capital requirement to which the Bank was subject were terminated. Separately, on January 21 2016, without admitting or denying any wrongdoing, the Bank entered into a Consent Order with the OCC to pay a $25,000 civil money penalty in connection with various deficiencies identified by the OCC in the mortgage banking practices of Sun Home Loans, a former division of the Bank which was closed in July 2014 when the Bank exited the residential mortgage lending business as part of a comprehensive strategic restructuring. The identified deficiencies occurred from July 2011 through September 2013. In addition, the Company was required to seek the prior approval of the Federal Reserve Bank before paying interest, principal or other sums on trust preferred securities or any related subordinated debentures, declaring or paying cash dividends or receiving dividends from the Bank, repurchasing outstanding stock or incurring indebtedness. The Company also was required to submit, and periodically update, a capital plan, a profit plan and cash flow projections, as well as other progress reports to the Federal Reserve Bank. The foregoing requirements were terminated be the Federal Reserve Bank in October 2016. The Bank is subject to various statutory and regulatory restrictions on its ability to pay dividends to the Company. All national banks are limited in the payment of dividends without the approval of the OCC of a total amount not to exceed the net income for that year to date plus the retained income for the preceding two years. Federal law also prohibits national banks from paying dividends that would be greater than the bank’s undivided profits after deducting statutory bad debt in excess of the bank’s allowance for loan losses. Due to the Bank’s history of losses, any proposed dividends from the Bank to the Company will be subject to regulatory approval until such time as net income for the current year combined with the prior two years is sufficient. Under the Federal Deposit Insurance Corporation Improvement Act (“FDICIA”), an insured depository institution such as the Bank is prohibited from making capital distributions, including the payment of dividends, if, after making such distribution, the institution would become “undercapitalized” (as such term is used in the FDICIA). Payment of dividends by the Bank also may be restricted at any time at the discretion of the OCC if it deems the payment to constitute an unsafe and unsound banking practice. The Bank did not seek OCC approval to pay a dividend during the first nine months of 2016. Federal Deposit Insurance Corporation (“FDIC”) assessment expense of $173 thousand and $763 thousand was recognized during the three months ended September 30, 2016 and 2015, respectively, and $872 thousand and $2.3 million was recognized during the nine months ended September 30, 2016 and 2015, respectively. The Company’s FDIC assessment rates were reduced, effective July 1, 2016. The Company’s capital securities qualify as Tier 1 capital under federal regulatory guidelines. These instruments are subject to a 25% capital limitation under risk-based capital guidelines developed by the FRB. Under FRB rules, restricted core capital elements, which are qualifying trust preferred securities, qualifying cumulative perpetual preferred stock (and related surplus) and certain minority interests in consolidated subsidiaries, are limited in the aggregate to no more than 25% of a bank holding company’s core capital elements (including restricted core capital elements), net of goodwill less any associated deferred tax liability. However, under the Dodd-Frank Act, bank holding companies are prohibited from including in their Tier 1 capital hybrid debt and equity securities, including trust preferred securities, issued on or after May 19, 2010. Any such instruments issued before May 19, 2010 by a bank holding company, such as the Company, with total consolidated assets of less than $15 billion as of December 31, 2009, may continue to be included as Tier 1 capital (subject to the 25% limitation). The portion that exceeds the 25 percent capital limitation qualifies as Tier 2, or supplementary capital of the Company. At September 30, 2016, $56.5 million of a total of $90.0 million in capital securities qualified as Tier 1 with $33.5 million qualifying as Tier 2 capital. On December 10, 2013, the FRB, the OCC, the FDIC, the Commodity Futures Trading Commission (the “CFTC”) and the SEC issued final rules to implement the Volcker Rule contained in Section 619 of the Dodd-Frank Act. The Dodd-Frank Act provided that banks and bank holding companies were required to conform their activities and investments by July 21, 2014, however, the FRB has extended the conformance period until July 21, 2017. The final Volcker Rule regulations do provide certain exemptions allowing banking entities to continue underwriting, market-making and hedging activities and trading certain government obligations, as well as various exemptions and exclusions from the definition of “covered funds.” The level of required compliance activity depends on the size of the banking entity and the extent of its trading. On January 14, 2014, the five federal agencies, including the FRB and OCC, approved an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities from the investment prohibitions of the Volcker Rule. Under the interim final rule, the agencies permit the retention of an interest in or sponsorship of covered funds by banking entities if certain qualifications are met. In addition, the agencies released a non-exclusive list of issuers that meet the requirements of the interim final rule. At September 30, 2016, the Company had an investment in one pool of trust preferred securities with an amortized cost of $8.8 million and estimated fair value of $6.8 million. This pool was included in the list of non-exclusive issuers that meet requirements of the interim final rule release by the agencies and therefore was not required to be sold by the Company. At September 30, 2016, the Company was in full compliance with the requirements of the Volcker Rule.

Dividends

Dividends	9 Months Ended
	Sep. 30, 2016
Statement Of Stockholders Equity [Abstract]
Dividends	(14) Dividends: On October 27, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.01 per share payable on December 12, 2016 to shareholders on record as of November 28, 2016. On July 25, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.01 per share which was paid on September 6, 2016 to shareholders on record as of August 23, 2016.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying unaudited condensed consolidated financial statements were prepared in accordance with the instructions to Form 10-Q, and therefore, do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, comprehensive income (loss), changes in equity and cash flows in conformity with Accounting Principles Generally Accepted in the United States of America (“GAAP”). All normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the unaudited condensed consolidated financial statements have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the accompanying notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC. The results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any other period. The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. The significant estimates include the allowance for loan losses, other-than-temporary impairment (“OTTI”) on investment securities, goodwill, income taxes, stock-based compensation and the fair value of financial instruments. Actual results may differ from these estimates under different assumptions or conditions.
Basis of Consolidation	Basis of Consolidation. The unaudited condensed consolidated financial statements include, after all intercompany balances and transactions have been eliminated, the accounts of the Company, its principal wholly owned subsidiary, the Bank, and the Bank’s wholly-owned subsidiaries, Prosperis Financial Solutions, 2020 Properties, L.L.C., and 4040 Properties, L.L.C. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“FASB ASC”) 810-10, Consolidation , the Issuing Trusts are presented on a deconsolidated basis.
Segment Information	Segment Information. As defined in accordance with FASB ASC 280, Segment Reporting , the Company has one reportable and operating segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and other borrowings and manage interest rate and credit risk. In addition, the Company’s chief operating decision maker reviews the Company’s financial data on a consolidated basis when assessing financial performance. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit.
Investment Securities	Investment Securities. The Company’s investment portfolio includes both held-to-maturity and available-for-sale securities. The purchase and sale of the Company’s investment securities are recorded based on trade date accounting. At September 30, 2016 and December 31, 2015 the Company had no unsettled investment purchase or sale transactions. The following provides further information on the Company’s accounting for debt securities:
Held-to-Maturity	Held-to-Maturity – Investment securities that management has the positive intent and ability to hold until maturity are classified as held-to-maturity and carried at their remaining unpaid principal balance, net of unamortized premiums or unaccreted discounts. Premiums are amortized and discounts are accreted using the interest method over the estimated remaining term of the underlying security.
Available-for-Sale	Available-for-Sale – Investment securities that will be held for indefinite periods of time, including securities that may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability and the yield of alternative investments, are classified as available-for-sale. These assets are carried at their estimated fair value. Fair values are based on quoted prices for identical assets in active markets, quoted prices for similar assets in markets that are either actively or not actively traded, or in some cases where there is limited activity or less transparency around inputs, internally developed discounted cash flow models. Unrealized gains and losses are excluded from earnings and are reported net of tax in accumulated other comprehensive income (loss) on the unaudited condensed consolidated statements of financial condition until realized, including those recognized through the non-credit component of an OTTI charge. In accordance with FASB ASC 325-40, Beneficial Interests in Securitized Financial Assets Investment – Debt and Equity Securities
Loans Held-for-Sale	Loans Held-For-Sale. Loans held-for-sale totaled $1.5 million at September 30, 2016 and consists of one commercial loan and one consumer loan which are recorded at the lower of cost or market. Loans held for sale totaled $0 at December 31, 2015.
Allowance for Loan Losses	Allowance for Loan Losses. The allowance for loan losses is determined by management based upon past experience, evaluation of estimated loss and impairment in the loan portfolio, current economic conditions and other pertinent factors. The allowance for loan losses is maintained at a level that management considers adequate to provide for incurred losses and impairment based upon an evaluation of known and inherent risk in the loan portfolio. Loan impairment is evaluated based on the fair value of collateral, less estimated selling costs. While management uses the best information available to make such evaluations, future adjustments to the allowance for loan losses may be necessary if economic conditions differ substantially from the assumptions used in making the evaluations. The provision for loan losses is based upon historical loan loss experience, a series of qualitative factors and an evaluation of incurred losses in the current loan portfolio, including the evaluation of impaired loans under FASB ASC 310, Receivables • Levels of past due, classified and non-accrual loans, and troubled debt restructurings (“TDR”); • Nature, volume, and concentration of loans; • Historical loss trends; • Changes in lending policies and procedures, underwriting standards, collections, and for commercial loans, the level of loans being approved with exceptions to policy; • Experience, ability and depth of management and staff; • National and local economic and business conditions, including various market segments; • Quality of the Company’s loan review system and degree of Board oversight; and • Effect of external factors, including the deterioration of collateral values, on the level of estimated credit losses in the current portfolio. Commercial loans, including commercial real estate loans, are placed on non-accrual status at the time the loan has been delinquent for 90 days unless the loan is well secured and in the process of collection, and are generally charged-off no later than 180 days after becoming delinquent unless the loan is well secured and in the process of collection, or other extenuating circumstances support collection. Residential real estate loans are typically placed on non-accrual status at the time the loan has been delinquent for 90 days, and are generally charged off no later than 180 days after becoming delinquent. Other consumer loans are placed on non-accrual status at the time the loan has been delinquent for 90 days, and are typically charged-off at 180 days delinquent. In all cases, loans must be placed on non-accrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful.
Goodwill	Goodwill. Goodwill is the excess of the fair value of liabilities assumed over the fair value of tangible and identifiable intangible assets acquired in a business combination. Goodwill is not amortized but is tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company tests goodwill for impairment annually as of December 31, unless circumstances indicate that a test is required at an earlier date. The Company elected to not apply the qualitative evaluation option permitted under Accounting Standards Update (“ASU”) 2011-8, Intangibles – Goodwill and Other (Topic 35): Testing Goodwill for Impairment issued in September 2011. Therefore, the Company utilizes the two-step goodwill impairment test outlined in FASB ASC 350, Intangibles – Goodwill and Other (“FASB ASC 350”). Step one, which is used to identify potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. A reporting unit is an operating segment, or one level below an operating segment, as defined in FASB ASC 280. The Company has one reportable operating segment, “Community Banking,” and there are no components to this operating segment. If the fair value of a reporting unit exceeds its carrying value, goodwill of the reporting unit is not considered impaired and step two is therefore unnecessary. If the carrying amount of the reporting unit exceeds its fair value, the second step is performed to measure the amount of the impairment loss, if any. At December 31, 2015, the Company performed its annual goodwill impairment test, and step one of the analysis indicated that the Company’s fair value was greater than its carrying value; therefore, the Company’s goodwill was not impaired at December 31, 2015. Since that time, no event has occurred nor have circumstances changed that would more likely than not reduce the fair value of the reporting unit below its carrying amount. The carrying amount of goodwill totaled $38.2 million at both September 30, 2016 and December 31, 2015.
Bank Owned Life Insurance ("BOLI")	Bank Owned Life Insurance (“BOLI”). The Company has purchased life insurance policies on certain key employees. These policies are recorded at their cash surrender value, or the amount that can be realized in accordance with FASB ASC 325-30, Investments in Insurance Contracts . At September 30, 2016, the Company had $28.4 million invested in a general account and $54.3 million in a separate account, for a total BOLI cash surrender value of $82.7 million. The BOLI separate account is invested in a mortgage-backed securities fund, which is managed by an independent investment firm. Pricing volatility of these underlying instruments may have an impact on investment income; however, the fluctuations would be partially mitigated by a stable value wrap agreement which is a component of the separate account. Income from these policies and changes in the cash surrender value are recorded in BOLI income in the unaudited condensed consolidated statements of operations.
Accounting for Income Taxes	Accounting for The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes (“FASB ASC 740”). FASB ASC 740 requires the recording of deferred income taxes that reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Management exercises significant judgment in the evaluation of the amount and timing of the recognition of the resulting tax assets and liabilities. The judgments and estimates required for the evaluation are updated based upon changes in business factors and the tax laws. If actual results differ from the assumptions and other considerations used in estimating the amount and timing of tax recognized, there can be no assurance that additional expenses will not be required in future periods. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes in the unaudited condensed consolidated statements of operations. Assessment of uncertain tax positions under FASB ASC 740 requires careful consideration of the technical merits of a position based on management’s analysis of tax regulations and interpretations. Significant judgment is applied when addressing the requirements of FASB ASC 740. At September 30, 2016, the Company had a valuation allowance of $128.0 million against its gross deferred tax asset. As the Company remained in a cumulative loss position, the deferred tax valuation allowance is still appropriate at September 30, 2016. The net deferred tax liability of $3.4 million in the unaudited condensed consolidated statements of financial condition at September 30, 2016 primarily represents the tax liability created from the goodwill amortization recorded for tax purposes and not for book purposes.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss). The Company classifies items of accumulated comprehensive income (loss) by their nature and displays the details of other comprehensive income (loss) in the unaudited condensed consolidated statements of comprehensive income. Amounts categorized as comprehensive income (loss) represent net unrealized gains or losses on investment securities available for sale, net of tax and the non-credit portion of any OTTI loss not recorded in earnings. Reclassifications are made to avoid double counting items which are displayed as part of net income (loss) for the period. These reclassifications for the three and nine months ended September 30, 2016 and 2015 were as follows: For the Three Months Ended September 30, 2016 2015 Pre-tax Tax After-tax Pre-tax Tax After-tax Unrealized holding gains on securities available for sale during the period $ (471 ) $ 193 $ (278 ) $ (446 ) $ 182 $ (264 ) Reclassification adjustment for net gains included in net income — — — (1,466 ) 598 (868 ) Net unrealized gain on securities available for sale $ (471 ) $ 193 $ (278 ) $ (1,912 ) $ 780 $ (1,132 ) For the Nine Months Ended September 30, 2016 2015 Pre-tax Tax After-tax Pre-tax Tax After-tax Unrealized holding gains on securities available for sale during the period $ 2,572 $ (1,051 ) $ 1,521 $ 37 $ (14 ) $ 23 Reclassification adjustment for net gains included in net income (39 ) 16 (23 ) (1,468 ) 599 (869 ) Net unrealized gain on securities available for sale $ 2,533 $ (1,035 ) $ 1,498 $ (1,429 ) $ 583 $ (846 )
Recent Accounting Principles	Recent Accounting Principles. In August 2016, the FASB issued ASU 2016-15: Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. In June 2016, the FASB issued ASU 2016-13: Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, In March 2016, the FASB issued ASU 2016-09: Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02: Leases (Topic 842) In January 2016, the FASB issued ASU 2016-01: Financial Instruments- Overall (Subtopic 825-10) In May 2014, the FASB issued ASU 2014-09: Revenue from Contracts with Customers (Topic 606): Summary and Amendments That Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs-Contracts with Customers (Subtopic 340-40), Conforming Amendments to Other Topics and Subtopics in the Codification and Status Tables, Background Information and Basis for Conclusions.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Reclassifications of Accumulated Other Comprehensive Income (Loss) Items	These reclassifications for the three and nine months ended September 30, 2016 and 2015 were as follows: For the Three Months Ended September 30, 2016 2015 Pre-tax Tax After-tax Pre-tax Tax After-tax Unrealized holding gains on securities available for sale during the period $ (471 ) $ 193 $ (278 ) $ (446 ) $ 182 $ (264 ) Reclassification adjustment for net gains included in net income — — — (1,466 ) 598 (868 ) Net unrealized gain on securities available for sale $ (471 ) $ 193 $ (278 ) $ (1,912 ) $ 780 $ (1,132 ) For the Nine Months Ended September 30, 2016 2015 Pre-tax Tax After-tax Pre-tax Tax After-tax Unrealized holding gains on securities available for sale during the period $ 2,572 $ (1,051 ) $ 1,521 $ 37 $ (14 ) $ 23 Reclassification adjustment for net gains included in net income (39 ) 16 (23 ) (1,468 ) 599 (869 ) Net unrealized gain on securities available for sale $ 2,533 $ (1,035 ) $ 1,498 $ (1,429 ) $ 583 $ (846 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock Options Activity	Activity in the Company’s stock option plans for the nine months ended September 30, 2016 and September 30, 2015 was as follows: Summary of Options Activity Weighted Number Average Number of Exercise of Options Options Price Exercisable Outstanding as of January 1, 2016 509,097 $ 23.84 163,443 Granted 123,739 20.90 — Exercised (1,255 ) 15.85 — Forfeited (50,193 ) 30.47 — Expired (2,957 ) 76.65 — Outstanding as of September 30, 2016 578,431 $ 22.42 237,054 Options vested or expected to vest (1) 414,971 $ 19.65 — (1) Includes vested Options and nonvested Options after the application of a forfeiture rate, which is based upon historical data. Weighted Number Average Number of Exercise of Options Options Price Exercisable Outstanding as of January 1, 2015 318,900 $ 28.34 161,984 Granted 218,760 18.92 — Exercised (811 ) 15.19 — Forfeited (16,767 ) 17.47 — Expired (10,366 ) 64.17 — Outstanding as of September 30, 2015 509,716 $ 23.95 162,634 Options vested or expected to vest (1) 477,338 $ 24.33 — (1) Includes vested Options and nonvested Options after the application of a forfeiture rate, which is based upon historical data.
Summary of Weighted Average Assumptions Used to Calculate Fair Value of Option	Significant weighted average assumptions used to calculate the fair value of the Options for the nine months ended September 30, 2016 and 2015 are as follows: For the Nine Months Ended September 30, 2016 2015 Weighted average fair value of Options granted $ 5.90 $ 6.16 Weighted average risk-free rate of return 1.29 % 1.35 % Weighted average expected option life in months 50 46 Weighted average expected volatility 33 % 40 % Expected dividends (1) $ — $ — (1) The fair value of future grants of Options will be impacted by the issuance of quarterly cash dividends.
Summary of Nonvested Stock Award Activity	A summary of the Company’s nonvested Stock Award activity during the nine months ended September 30, 2016 and 2015 are presented in the following tables: Summary of Nonvested Stock Award Activity Weighted Average Grant Number Date of Fair Shares Value Nonvested Stock Awards outstanding, January 1, 2016 279,964 $ 18.42 Issued 118,549 18.52 Vested (102,674 ) 18.45 Forfeited (11,776 ) 15.74 Nonvested Stock Awards outstanding, September 30, 2016 284,063 $ 18.56 Weighted Average Grant Number Date of Fair Shares Value Nonvested Stock Awards outstanding, January 1, 2015 248,654 $ 14.22 Issued 50,864 18.90 Vested (7,645 ) 18.60 Forfeited (4,300 ) 15.91 Nonvested Stock Awards outstanding, September 30, 2015 287,573 $ 14.91

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Investments Debt And Equity Securities [Abstract]
Available for Sale and Held to Maturity Investment	The amortized cost of investment securities and the approximate fair value at September 30, 2016 and December 31, 2015 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2016 Available for sale: U.S. Treasury securities $ 2,497 $ 2 $ — $ 2,499 U.S. Government agency securities — — — — U.S. Government agency mortgage-backed securities 238,213 2,338 (259 ) 240,292 Other mortgage-backed securities 177 — (2 ) 175 Trust preferred securities 12,022 — (2,275 ) 9,747 Collateralized loan obligations 37,468 — (241 ) 37,227 Other securities 1,925 7 — 1,932 Total available for sale 292,302 2,347 (2,777 ) 291,872 Held to maturity: Other securities 250 — — 250 Total held to maturity 250 — — 250 Total investment securities $ 292,552 $ 2,347 $ (2,777 ) $ 292,122 December 31, 2015 Available for sale: U.S. Treasury securities $ 2,494 $ — $ (10 ) $ 2,484 U.S. Government agency securities 4,976 — (74 ) 4,902 U.S. Government agency mortgage-backed securities 205,586 1,082 (1,156 ) 205,512 Other mortgage-backed securities 183 — (1 ) 182 Trust preferred securities 12,018 — (1,844 ) 10,174 Collateralized loan obligations 59,956 — (960 ) 58,996 Other securities 625 — — 625 Total available for sale 285,838 1,082 (4,045 ) 282,875 Held to maturity: Other securities 250 — — 250 Total held to maturity 250 — — 250 Total investment securities $ 286,088 $ 1,082 $ (4,045 ) $ 283,125
Gross Unrealized Losses by Investment Category	The following table provides the gross unrealized losses and fair value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position at September 30, 2016 and December 31, 2015: Gross Unrealized Losses by Investment Category Less than 12 Months 12 Months or Longer Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses September 30, 2016 U.S. Treasury securities $ — $ — $ — $ — $ — $ — U.S. Government agency securities — — — — — — U.S. Government agency mortgage-backed securities 30,893 (56 ) 12,989 (203 ) 43,882 (259 ) Other mortgage-backed securities — — 175 (2 ) 175 (2 ) Trust preferred securities — — 9,747 (2,275 ) 9,747 (2,275 ) Collateralized loan obligations 9,965 (19 ) 25,263 (222 ) 35,228 (241 ) Total $ 40,858 $ (75 ) $ 48,174 $ (2,702 ) $ 89,032 $ (2,777 ) December 31, 2015 U.S. Treasury securities $ 2,484 $ (10 ) $ — $ — $ 2,484 $ (10 ) U.S. Government agency securities — — 4,902 (74 ) 4,902 (74 ) U.S. Government agency mortgage-backed securities 56,753 (254 ) 27,028 (902 ) 83,781 (1,156 ) Other mortgage-backed securities 182 (1 ) — — 182 (1 ) Trust preferred securities — — 10,175 (1,844 ) 10,175 (1,844 ) Collateralized loan obligations 12,864 (135 ) 46,133 (825 ) 58,997 (960 ) Total $ 72,283 $ (400 ) $ 88,238 $ (3,645 ) $ 160,521 $ (4,045 )
Contractual Maturities of Investment Securities	The amortized cost and estimated fair value of the investment securities, by contractual maturity, at September 30, 2016 and December 31, 2015 are shown below. Actual maturities will differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value September 30, 2016 Due in one year or less $ 3,174 $ 3,176 $ — $ — Due after one year through five years 248 248 250 250 Due after five years through ten years 29,468 29,268 — — Due after ten years 21,022 18,713 — — Total investment securities, excluding mortgage- backed securities 53,912 51,405 250 250 U.S. Government agency mortgage-backed securities 238,213 240,292 — — Other mortgage-backed securities 177 175 — — Total investment securities $ 292,302 $ 291,872 $ 250 $ 250 December 31, 2015 Due in one year or less $ 625 $ 625 $ — $ — Due after one year through five years 2,494 2,484 250 250 Due after five years through ten years 38,453 37,709 — — Due after ten years 38,497 36,363 — — Total investment securities, excluding mortgage- backed securities 80,069 77,181 250 250 U.S. Government agency mortgage-backed securities 205,586 205,512 — — Other mortgage-backed securities 183 182 — — Total investment securities $ 285,838 $ 282,875 $ 250 $ 250

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Loan Components	The components of loans as of September 30, 2016 and December 31, 2015 were as follows: Loan Components September 30, 2016 December 31, 2015 Commercial: Commercial and industrial $ 226,493 $ 230,681 CRE owner occupied 226,165 228,191 CRE non-owner occupied 676,323 625,700 Land and development 84,692 68,070 Consumer: Home equity lines of credit 113,991 130,401 Home equity term loans 9,756 12,383 Residential real estate 226,691 249,975 Other 2,555 3,108 Total gross loans held-for-investment 1,566,666 1,548,509 Allowance for loan losses (15,827 ) (18,008 ) Net loans held-for-investment $ 1,550,839 $ 1,530,501
Loans on Non-Accrual Status	The following table is a comparison of the Company’s non-accrual loans as of September 30, 2016 and December 31, 2015: Loans on Non-Accrual Status September 30, 2016 December 31, 2015 Commercial: Commercial & industrial $ 3 $ 219 CRE owner occupied 293 381 CRE non-owner occupied 528 — Consumer: Home equity term loans 75 88 Residential real estate 2,264 1,417 Other 83 102 Total non-accrual loans $ 3,246 $ 2,207 Troubled debt restructuring, non-accrual $ 3,396 $ 910

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Allowance for Loan Losses and Recorded Investment in Financing Receivables	Changes in the allowance for loan losses were as follows: Allowance for Loan Losses and Recorded Investment in Financing Receivables For the Nine Months Ended September 30, 2016 Residential Home Real Commercial Equity (1) Estate Other (2) Total Allowance for loan losses: Beginning balance $ 12,120 $ 2,816 $ 3,029 $ 43 $ 18,008 Charge-offs (583 ) (417 ) (456 ) (256 ) $ (1,712 ) Recoveries 801 279 33 100 1,213 Net recoveries (charge-offs) 218 (138 ) (423 ) (156 ) (499 ) (Recovery of) provision for loan losses (2,040 ) (281 ) 91 548 (1,682 ) Ending balance $ 10,298 $ 2,397 $ 2,697 $ 435 $ 15,827 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 10,298 $ 2,397 $ 2,697 $ 435 $ 15,827 Financing Receivables: Ending balance $ 1,213,673 $ 123,747 $ 226,691 $ 2,555 $ 1,566,666 Ending balance: individually evaluated for impairment $ 3,082 $ 75 $ 3,401 $ 84 $ 6,642 Ending balance: collectively evaluated for impairment $ 1,210,591 $ 123,672 $ 223,290 $ 2,471 $ 1,560,024 (1) Amount includes both home equity lines of credit and term loans. (2) Includes the unallocated portion of the allowance for loan losses. For the Nine Months Ended September 30, 2015 Commercial Home Equity (1) Residential Real Estate Other (2) Total Allowance for loan losses: Beginning balance $ 15,834 $ 3,238 $ 3,513 $ 661 $ 23,246 Charge-offs (1,123 ) (2,815 ) (2,339 ) (142 ) $ (6,419 ) Recoveries 3,845 368 815 38 5,066 Net charge-offs 2,722 (2,447 ) (1,524 ) (104 ) (1,353 ) (Recovery of) provision for loan losses (6,251 ) 2,234 1,572 (535 ) (2,980 ) Ending balance $ 12,305 $ 3,025 $ 3,561 $ 22 $ 18,913 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 12,305 $ 3,025 $ 3,561 $ 22 $ 18,913 Financing Receivables: Ending balance $ 1,119,088 $ 146,501 $ 257,678 $ 4,914 $ 1,528,181 Ending balance: individually evaluated for impairment $ 999 $ 96 $ 2,505 $ 6 $ 3,606 Ending balance: collectively evaluated for impairment $ 1,118,089 $ 146,405 $ 255,173 $ 4,908 $ 1,524,575 (1) Amount includes both home equity lines of credit and term loans. (2) Includes the unallocated portion of the allowance for loan losses.
Components of Impaired Loans Held-for-Investment	The following table presents the Company’s components of impaired loans receivable, segregated by class of loans. Commercial and consumer loans that were collectively evaluated for impairment are not included in the data that follows: Impaired Loans As of September 30, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Accrued Interest Income Recognized Cash Interest Income Recognized For the Nine Months Ended September 30, 2016 With no related allowance: Commercial: Commercial & industrial $ 2,144 $ 2,402 $ — $ 2,167 $ — $ — CRE owner occupied 403 546 — 408 — — CRE non-owner occupied 528 528 — 532 — — Consumer: Residential real estate 3,401 3,658 — 3,444 — — Home equity term loans 75 87 — 77 — — Other 84 88 — 85 — — Consumer held for sale: Residential real estate, held-for-sale 179 317 — 178 — — With an allowance recorded: Consumer: Other — — — — — — Total commercial $ 3,075 $ 3,476 $ — $ 3,107 $ — $ — Total consumer $ 3,739 $ 4,150 $ — $ 3,784 $ — $ — Impaired Loans As of September 30, 2015 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Accrued Interest Income Recognized Cash Interest Income Recognized For the Nine Months Ended September 30, 2015 With no related allowance: Commercial: Commercial and industrial $ 229 $ 730 $ — $ 234 $ — $ — CRE owner occupied 765 2,255 — 883 — — CRE non-owner occupied — — — 114 — — Land and development — — — — — — Consumer: Residential real estate 2,505 2,713 — 3,065 — — Home equity term loans 92 99 — 97 — — Home equity lines of credit 4 4 — 50 Other 7 11 — 7 — — Commercial held-for-sale: Commercial and industrial — — — 73 — — CRE owner occupied — — — 167 — — CRE non-owner occupied — — — 119 — — Consumer held-for-sale: Residential real estate — — — 736 — — Other — — — 22 — — With an allowance recorded: Consumer: Other — — — — — — Total commercial $ 994 $ 2,985 $ — $ 1,590 $ — $ — Total consumer $ 2,608 $ 2,827 $ — $ 3,977 $ — $ —
Summary of Company's TDR Agreements	There were three and six TDR agreements entered into during the three and nine months ended September 30, 2016, respectively. The following table presents a summary of the Company’s TDR agreements entered into during the three and nine months ended September 30, 2016: Troubled Debt Restructurings For the Three Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Residential real estate 3 $ 596 $ 603 Troubled Debt Restructurings For the Nine Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & industrial 2 $ 2,468 $ 2,468 Residential real estate 4 609 616 There were zero and three TDR agreements entered into during the three and nine months ended September 30, 2015, respectively. The following table presents a summary of the Company’s TDR agreements entered into during the nine months ended September 30, 2015. Troubled Debt Restructurings For the Nine Months Ended September 30, 2015 Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Residential real estate 3 $ 546 $ 484
Information Regarding Types of Concessions Granted on Loans	The following table presents information regarding the types of concessions granted on loans that were restructured during the three and nine months ended September 30, 2016 and 2015: Troubled Debt Restructurings For the Three Months Ended September 30, 2016 Number of Contracts Concession Granted Residential real estate 2 Principal repayment terms Residential real estate 1 Rate reduction & principal repayment terms Troubled Debt Restructurings For the Nine Months Ended September 30, 2016 Number of Contracts Concession Granted Commercial & industrial 2 Rate reduction & principal repayment terms Residential real estate 2 Principal repayment terms Residential real estate 1 Forgiveness of debt Residential real estate 1 Rate reduction & principal repayment terms Troubled Debt Restructurings For the Nine Months Ended September 30, 2015 Number of Contracts Concession Granted Residential real estate 3 Extension of maturity
Company's Distribution of Risk Ratings within Held-for-Investment Loan Portfolio	The following table presents the Company’s distribution of risk ratings within the Company’s held-for-investment loan portfolio, segregated by class, as of September 30, 2016 and December 31, 2015: Credit Quality Indicators by Internally Assigned Grade Commercial & industrial CRE owner occupied CRE non- owner occupied Land and development Home Equity Lines of Credit Home Equity Term Loans Residential Real Estate Other Total As of September 30, 2016 Grade: Pass $ 223,976 $ 223,584 $ 675,599 $ 84,692 $ 113,946 $ 9,681 $ 223,106 $ 2,471 $ 1,557,055 Special Mention 344 686 — — — — — — 1,030 Substandard 2,173 1,895 724 — 45 75 3,585 84 8,581 Doubtful — — — — — — — — — Total $ 226,493 $ 226,165 $ 676,323 $ 84,692 $ 113,991 $ 9,756 $ 226,691 $ 2,555 $ 1,566,666 As of December 31, 2015 Grade: Pass $ 227,220 $ 223,695 $ 625,700 $ 68,070 $ 130,401 $ 12,294 $ 247,002 $ 3,007 $ 1,537,389 Special Mention 2,926 2,273 — — — — — — 5,199 Substandard 535 2,223 — — — 89 2,973 101 5,921 Doubtful — — — — — — — — — Total $ 230,681 $ 228,191 $ 625,700 $ 68,070 $ 130,401 $ 12,383 $ 249,975 $ 3,108 $ 1,548,509
Company's Analysis of Past Due Held-for-Investment Loans	The following table presents the Company’s analysis of past due loans, segregated by class of loans, as of September 30, 2016 and December 31, 2015: Aging of Receivables 30-59 Days Past Due 60-89 Days Past Due 90 Days Past Due Total Past Due Current Total Financing Receivables As of September 30, 2016 Commercial: Commercial and industrial $ 9 $ — $ — $ 9 $ 226,484 $ 226,493 CRE owner occupied 601 39 215 855 225,310 226,165 CRE non-owner occupied 195 — — 195 676,128 676,323 Land and development — — — — 84,692 84,692 Consumer: Home equity lines of credit 529 61 — 590 113,401 113,991 Home equity term loans — — — — 9,756 9,756 Residential real estate 1,916 1,236 862 4,014 222,677 226,691 Other 18 — 84 102 2,453 2,555 Total $ 3,268 $ 1,336 $ 1,161 $ 5,765 $ 1,560,901 $ 1,566,666 As of December 31, 2015 Commercial: Commercial and industrial $ — $ — $ 228 $ 228 $ 230,453 $ 230,681 CRE owner occupied 736 35 622 1,393 226,798 228,191 CRE non-owner occupied — — — — 625,700 625,700 Land and development — — — — 68,070 68,070 Consumer: Home equity lines of credit 136 31 — 167 130,234 130,401 Home equity term loans 14 — — 14 12,369 12,383 Residential real estate 3,504 1,623 911 6,038 243,937 249,975 Other 15 3 101 119 2,989 3,108 Total $ 4,405 $ 1,692 $ 1,862 $ 7,959 $ 1,540,550 $ 1,548,509

Derivative Financial Instrume28

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Interest Rate Swaps Designated as Fair Value Hedges	Summary of Interest Rate Swaps Designated As Fair Value Hedges September 30, 2016 December 31, 2015 Balance Sheet Location Notional Fair Value Notional Fair Value Other liabilities $ 2,589 $ (235 ) $ 5,572 $ (351 )
Summary of Interest Rate Swaps Components	Summary of Interest Rate Swap Components September 30, 2016 December 31, 2015 Weighted average pay rate 7.25 % 7.28 % Weighted average receive rate 1.93 % 1.98 % Weighted average maturity in years 2.01 1.5
Summary of Interest Rate Swaps Not Designated as Hedging Instruments	September 30, 2016 December 31, 2015 Balance Sheet Location Notional Fair Value Notional Fair Value Other assets $ 70,112 $ 3,637 $ 98,976 $ 5,611 Other liabilities (70,112 ) (3,662 ) (98,976 ) (5,649 )

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2016
Banking And Thrift [Abstract]
Major Classifications of Deposits	Deposits consist of the following major classifications: September 30, 2016 December 31, 2015 Interest-bearing demand deposits $ 678,547 $ 724,881 Non-interest-bearing demand deposits 403,334 461,467 Savings deposits 242,590 221,620 Time certificates under $250,000 327,360 282,584 Time certificates $250,000 or more 28,737 12,217 Brokered time deposits 37,066 43,333 Total $ 1,717,634 $ 1,746,102

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Summary of Earnings Per Share Computation	Earnings Per Share Computation For the Three Months Ended September 30, 2016 2015 Net income $ 1,630 $ 3,164 Average common shares outstanding 18,874,577 18,668,791 Net effect of dilutive common stock equivalents 88,163 69,726 Adjusted average shares outstanding – dilutive 18,962,740 18,738,517 Basic income per share $ 0.09 $ 0.17 Diluted income per share $ 0.09 $ 0.17 For the Nine Months Ended September 30, 2016 2015 Net income $ 5,418 $ 8,768 Average common shares outstanding 18,821,047 18,639,482 Net effect of dilutive common stock equivalents 88,820 49,555 Adjusted average shares outstanding – dilutive 18,909,867 18,689,037 Basic income per share $ 0.29 $ 0.47 Diluted income per share $ 0.29 $ 0.47

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The assets and liabilities measured at fair value on a recurring basis are as follows: Category Used for Fair Value Measurement September 30, 2016 Total Level 1 Level 2 Level 3 Assets: Investment securities available for sale: U.S. Treasury securities $ 2,499 $ 2,499 $ — $ — U.S. Government agency securities — — — — U.S. Government agency mortgage-backed securities 240,292 — 240,292 — Other mortgage-backed securities 175 — 175 — Trust preferred securities 9,747 — — 9,747 Collateralized loan obligations 37,227 — 37,227 — Other securities 1,932 1,932 — — Hedged commercial loans 2,825 — 2,825 — Interest rate swaps 3,637 — 3,637 — Liabilities: Fair value interest rate swaps 235 — 235 — Interest rate swaps 3,662 — 3,662 — December 31, 2015 Assets: Investment securities available for sale: U.S. Treasury securities $ 2,484 $ 2,484 $ — $ — U.S. Government agency securities 4,902 — 4,902 — U.S. Government agency mortgage-backed securities 205,512 — 205,512 — Other mortgage-backed securities 182 — 182 — Trust preferred securities 10,174 — — 10,174 Collateralized loan obligations 58,996 — 58,996 — Other securities 625 625 — — Hedged commercial loans 5,924 — 5,924 — Interest rate swaps 5,611 — 5,611 — Liabilities: Fair value interest rate swaps 351 — 351 — Interest rate swaps 5,649 — 5,649 —
Summary of Assets Measured at Fair Value on Non Recurring Basis	At September 30, 2016 and 2015, these assets were valued in accordance with GAAP and, except for impaired loans and loans held-for-sale included in the following table, did not require fair value disclosure under the provisions of FASB ASC 820. The related changes in fair value for the nine months ended September 30, 2016 and 2015 are as follows: Category Used for Fair Value Measurement Total Losses Or Changes in Net Assets / Total Level 1 Level 2 Level 3 Liabilities September 30, 2016 Assets: Impaired loans $ 3,477 $ — $ — $ 3,477 $ (585 ) Loans held-for-sale, at lower of cost or market 178 — 178 — (136 ) September 30, 2015 Assets: Impaired loans $ 1,222 $ — $ — $ 1,222 $ (821 )
Valuation Methods for Determining Fair Value of Impairment Loans	The following table summarizes the Company’s appraisal approach based upon loan category. Loan Category Used for Impairment Review Method of Determining the Value Loans less than $1 million Evaluation report or restricted use appraisal Loans $1 million or greater Existing appraisal 18 months or less Restricted use appraisal Existing appraisal greater than 18 months Summary form appraisal Commercial loans secured primarily by residential real estate Loans less than $1 million Automated valuation model Loans $1 million or greater Summary form appraisal Non-commercial loans secured primarily by residential real estate Loans less than $250,000 Automated valuation model or summary form appraisal Loans $250,000 or greater Summary form appraisal
Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities	Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities September 30, 2016 December 31, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets: Cash and due from banks $ 27,569 $ 27,569 $ 21,836 $ 21,836 Interest-earning bank balances 128,723 128,723 182,479 182,479 Restricted cash 5,000 5,000 5,000 5,000 Investment securities available for sale 291,872 291,872 282,875 282,875 Investment securities held-to-maturity 250 250 250 250 Loans receivable, net 1,548,014 1,553,463 1,524,577 1,460,080 Loans held for sale, at lower of cost or market 1,450 1,450 — — Hedged commercial loans (1) 2,825 2,825 5,924 5,924 Restricted equity investments 15,909 15,909 15,733 15,733 Interest rate swaps 3,539 3,539 5,611 5,611 Liabilities: Demand deposits $ 1,081,881 $ 1,082,727 $ 1,186,348 $ 1,166,898 Savings deposits 242,590 239,332 221,620 213,498 Time deposits 393,164 404,066 338,134 339,294 Advances from FHLBNY 85,465 87,971 85,607 85,790 Junior subordinated debentures 92,786 62,590 92,786 63,520 Fair value interest rate swaps 235 235 351 351 Interest rate swaps 3,662 3,662 5,649 5,649 (1) Includes positive market value adjustment of $235 thousand and $351 thousand at September 30, 2016 and December 31, 2015, respectively, which is equal to the change in value of related interest rate swaps designated as fair value hedges of these hedged loans in accordance with FASB ASC 815.
Investment Securities [Member]
Summary of Level 3 Fair Value Measurement Activity	The following provides details of the Level 3 fair value measurement activity for the three and nine months ended September 30, 2016 and 2015: Fair Value Measurements Using Significant Unobservable Inputs-Level 3 Investment Securities For the Three Months Ended September 30, 2016 2015 Balance, beginning of period $ 9,562 $ 10,103 Total gains, realized/unrealized: Included in earnings 1 1 Included in accumulated other comprehensive income 184 (1,328 ) Purchases — — Maturities — — Prepayments — — Calls — — Transfers out of Level 3 — — Balance, end of period $ 9,747 $ 8,776 For the Nine Months Ended September 30, 2016 2015 Balance, beginning of period $ 10,175 $ 9,410 Total gains, realized/unrealized: Included in earnings 4 3 Included in accumulated other comprehensive income (432 ) (637 ) Purchases — Maturities — — Prepayments — — Calls — — Transfers out of Level 3 — — Balance, end of period $ 9,747 $ 8,776

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2016
Banking And Thrift [Abstract]
Risk-Based Capital Ratios	The following table provides both the Company’s and the Bank’s risk-based capital ratios as of September 30, 2016 and December 31, 2015. Regulatory Capital Levels Actual For Capital Adequacy Purposes (1) To Be Well Capitalized Under Prompt Corrective Action Provision (2) Amount Ratio Amount Ratio Amount Ratio September 30, 2016: Total risk-based capital (to risk-weighted assets): Sun Bancorp, Inc. $ 334,371 21.19 % $ 126,208 8.00 % N/A Sun National Bank 304,414 19.34 125,943 8.00 $ 157,428 10.00 % Tier 1 common equity capital (to risk- weighted assets): Sun Bancorp, Inc. 227,930 14.45 70,992 4.50 N/A Sun National Bank 287,973 18.29 70,843 4.50 102,328 6.50 Tier 1 capital (to risk-weighted assets): Sun Bancorp, Inc. 284,916 18.06 94,656 6.00 N/A Sun National Bank 287,973 18.29 94,457 6.00 126,943 8.00 Leverage capital: Sun Bancorp, Inc. 284,916 13.26 85,971 4.00 N/A Sun National Bank 287,973 13.42 85,835 4.00 107,293 5.00 December 31, 2015: Total risk-based capital (to risk-weighted assets): Sun Bancorp, Inc. $ 328,575 21.04 % $ 124,914 8.00 % N/A Sun National Bank 297,735 19.11 124,649 8.00 $ 155,811 10.00 % Tier 1 common equity capital (to risk- weighted assets): Sun Bancorp, Inc. 219,939 14.09 70,264 4.50 N/A Sun National Bank 279,100 17.91 70,115 4.50 101,277 6.50 Tier 1 capital (to risk-weighted assets): Sun Bancorp, Inc. 274,928 17.61 93,685 6.00 N/A Sun National Bank 279,100 17.91 93,487 6.00 124,648 8.00 Leverage capital: Sun Bancorp, Inc. 274,928 12.19 90,203 4.00 N/A Sun National Bank 279,100 12.39 90,069 4.00 112,587 5.00 (1) The September 30, 2016 ratios for capital adequacy purposes exclude the 0.625% Conservation Buffer. (2) Not applicable for bank holding companies.

Organization - Additional Infor

Organization - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016TrustLocationBranchesOffice
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of business trust	5
Number of locations | Location	37
Number of branch offices | Branches	31
Number of loan production office | Office	1
DELAWARE
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of business trust	4
CONNECTICUT
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Number of business trust	1

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)SegmentLoan	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of reportable operating segment | Segment	1
Unsettled investment purchase or sale transactions	$ 0		$ 0
Other than temporary impairment losses investments	0	$ 0
Loans held-for-sale	$ 1,450,000		0
Commercial loans and commercial real estate loans placed on non-accrual status	90 days
Goodwill impairment			0
Carrying amount of goodwill	$ 38,188,000		38,188,000
Investments in general account	28,400,000
Investments in separate account	54,300,000
Bank owned life insurance (BOLI)	82,657,000		81,175,000
Deferred tax assets valuation allowance	128,000,000
Deferred tax liability net of valuation allowance	$ 3,399,000		$ 1,524,000
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans delayed before impairment period	90 days
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | Loan	1
Delinquent loans charge-off	180 days
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | Loan	1
Delinquent loans charge-off	180 days
Other consumer loans placed on non-accrual status	90 days
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquent loans charge-off	180 days
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquent loans charge-off	180 days
Residential real estate loans placed on non-accrual status	90 days

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Reclassifications of Accumulated Other Comprehensive Income (Loss) Items (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accounting Policies [Abstract]
Unrealized holding gains on securities available for sale during the period, Pre-tax	$ (471)	$ (446)	$ 2,572	$ 37
Unrealized holding gains on securities available for sale during the period, Tax	193	182	(1,051)	(14)
Unrealized holding gains on securities available for sale during the period, After-tax	(278)	(264)	1,521	23
Reclassification adjustment for net gains included in net income, Pre-tax		(1,466)	(39)	(1,468)
Reclassification adjustment for net gains included in net income, Tax		598	16	599
Reclassification adjustment for net gain included in net income, After-tax		(868)	(23)	(869)
Net unrealized gain on securities available for sale, Pre-tax	(471)	(1,912)	2,533	(1,429)
Net unrealized gain on securities available for sale, Tax	193	780	(1,035)	583
Net unrealized gain on securities available for sale, After-tax	$ (278)	$ (1,132)	$ 1,498	$ (846)

Branch Sales - Additional Infor

Branch Sales - Additional Information (Detail) $ in Thousands	Mar. 06, 2015USD ($)Branch_office	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Aug. 28, 2015USD ($)
Hammonton Branch [Member]
Real Estate Properties [Line Items]
Deposits held for sale				$ 32,000
Loans held for sale				4,800
Fixed assets				354
Cash				$ 143
Gain on branch sale transaction		$ 1,300
Sturdy Savings Bank [Member]
Real Estate Properties [Line Items]
Deposits held for sale	$ 153,300
Loans held for sale	63,800
Fixed assets	4,000
Cash	$ 897
Gain on branch sale transaction			$ 9,200
Number of branches sold | Branch_office	7
Net cash payment for sale of branch	$ 71,500

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based incentive plans, options expiry term				10 years
Number of Options, Granted				123,739	218,760
Weighted average remaining contractual term for Options outstanding				7 years 3 months 18 days
Weighted average remaining contractual term for Options exercisable				5 years 4 months 24 days
Aggregate intrinsic value for Options outstanding		$ 1,700		$ 1,700
Aggregate intrinsic value of Options exercisable		482		$ 482
Stock Option granted exercise period				10 years
Total compensation expense recognized on stock award		633	$ 527	$ 1,900	$ 1,400
Total unrecognized compensation cost related to options		5,200		5,200
Total unrecognized compensation cost related to nonvested stock awards		$ 5,200		$ 5,200
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of stock awards recognized over a weighted average period				3 years 4 months 24 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Issued				118,549	50,864
Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of stock awards recognized over a weighted average period				2 years 6 months
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based incentive plans, options expiry term	10 years
Shares authorized	1,400,000
Number of Options, Granted				123,739
Number of Shares, Issued				179,118
2015 Plan [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance calculation ratio	100.00%
2015 Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance calculation ratio	200.00%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Options Activity (Detail) - $ / shares		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Options, Outstanding ,Beginning Balance		509,097	318,900
Number of Options, Granted		123,739	218,760
Number of Options, Exercised		(1,255)	(811)
Number of Options, Forfeited		(50,193)	(16,767)
Number of Options, Expired		(2,957)	(10,366)
Number of Options Outstanding, Ending Balance		578,431	509,716
Number of Options, Options vested or expected to vest	[1]	414,971	477,338
Weighted Average Exercise Price, Outstanding, Beginning Balance		$ 23.84	$ 28.34
Weighted Average Exercise Price, Granted		20.90	18.92
Weighted Average Exercise Price, Exercised		15.85	15.19
Weighted Average Exercise Price, Forfeited		30.47	17.47
Weighted Average Exercise Price, Expired		76.65	64.17
Weighted Average Exercise Price, Outstanding, Ending Balance		22.42	23.95
Weighted Average Exercise Price, Stock Options vested or expected to vest	[1]	$ 19.65	$ 24.33
Number of Options Exercisable, Outstanding, Beginning Balance		163,443	161,984
Number of Options Exercisable, Outstanding, Ending Balance		237,054	162,634
[1]	Includes vested Options and nonvested Options after the application of a forfeiture rate, which is based upon historical data.

Stock-Based Compensation - Su39

Stock-Based Compensation - Summary of Weighted Average Assumptions Used to Calculate Fair Value of Option (Detail) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Weighted average fair value of Options granted	$ 5.90	$ 6.16
Weighted average risk-free rate of return	1.29%	1.35%
Weighted average expected option life in months	50 months	46 months
Weighted average expected volatility	33.00%	40.00%

Stock-Based Compensation - Su40

Stock-Based Compensation - Summary of Nonvested Stock Award Activity (Detail) - Restricted Stock [Member] - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Nonvested Stock Awards outstanding, Beginning Balance	279,964	248,654
Number of Shares, Issued	118,549	50,864
Number of Shares, Vested	(102,674)	(7,645)
Number of Shares, Forfeited	(11,776)	(4,300)
Number of Shares, Nonvested Stock Awards outstanding, Ending Balance	284,063	287,573
Weighted Average Grant Date Fair Value, Nonvested Stock Awards outstanding, Beginning Balance	$ 18.42	$ 14.22
Weighted Average Grant Date Fair Value, Issued	18.52	18.90
Weighted Average Grant Date Fair Value, Vested	18.45	18.60
Weighted Average Grant Date Fair Value, Forfeited	15.74	15.91
Weighted Average Grant Date Fair Value, Nonvested Stock Awards outstanding, Ending Balance	$ 18.56	$ 14.91

Investment Securities - Availab

Investment Securities - Available for Sale and Held to Maturity Investment (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale	$ 292,302	$ 285,838
Gross Unrealized Gains, Available for sale	2,347	1,082
Gross Unrealized Losses, Available for sale	(2,777)	(4,045)
Estimated Fair Value, Available for sale	291,872	282,875
Amortized Cost, Held to maturity	250	250
Estimated Fair Value, Held to maturity	250	250
Amortized Cost	292,552	286,088
Gross Unrealized Gains	2,347	1,082
Gross Unrealized Losses	(2,777)	(4,045)
Estimated Fair Value	292,122	283,125
U.S. Treasury Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale	2,497	2,494
Gross Unrealized Gains, Available for sale	2
Gross Unrealized Losses, Available for sale		(10)
Estimated Fair Value, Available for sale	2,499	2,484
U.S. Government Agency Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale		4,976
Gross Unrealized Losses, Available for sale		(74)
Estimated Fair Value, Available for sale		4,902
U.S. Government Agency Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale	238,213	205,586
Gross Unrealized Gains, Available for sale	2,338	1,082
Gross Unrealized Losses, Available for sale	(259)	(1,156)
Estimated Fair Value, Available for sale	240,292	205,512
Other Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale	177	183
Gross Unrealized Losses, Available for sale	(2)	(1)
Estimated Fair Value, Available for sale	175	182
Trust Preferred Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale	12,022	12,018
Gross Unrealized Losses, Available for sale	(2,275)	(1,844)
Estimated Fair Value, Available for sale	9,747	10,174
Estimated Fair Value	6,800
Collateralized Loan Obligations [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale	37,468	59,956
Gross Unrealized Losses, Available for sale	(241)	(960)
Estimated Fair Value, Available for sale	37,227	58,996
Other Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Amortized Cost, Available for sale	1,925	625
Gross Unrealized Gains, Available for sale	7
Estimated Fair Value, Available for sale	1,932	625
Amortized Cost, Held to maturity	250	250
Estimated Fair Value, Held to maturity	$ 250	$ 250

Investment Securities - Additio

Investment Securities - Additional Information (Detail)	Aug. 01, 2009Times	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Number of securities matured | Security				1
Aggregate value of securities matured				$ 248,000
Gross realized gains				$ 328,000
Number of securities prior to maturity | Security				6
Gross proceed from sale of securities				$ 37,800,000
Gross realized losses				290,000
OTTI credit related charge				0	$ 0
Cumulative OTTI balance		$ 1,200,000		1,200,000
OTTI charges recognized in earnings		0	$ 0	0	$ 0
Less than 12 months gross unrealized loss		75,000		75,000		$ 400,000
Less than 12 Months, Estimated Fair Value		40,858,000		40,858,000		72,283,000
Gross unrealized loss in the category of 12 months or longer		2,702,000		2,702,000		3,645,000
12 Months or longer estimated fair value		$ 48,174,000		$ 48,174,000		88,238,000
Future default rate		3.60%		3.60%
Period of time with no recovery rate				3 years
Amortized cost of investment securities pledged to secure public deposits		$ 14,900,000		$ 14,900,000
Estimated fair value of investment securities pledged to secure public deposits		15,000,000		15,000,000
Amortized cost of investment securities pledged as collateral on secured borrowings		153,200,000		153,200,000
Estimated fair value of investment securities pledged as collateral on secured borrowings		154,600,000		154,600,000
U.S. Government Agency Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months gross unrealized loss		$ 56,000		$ 56,000		254,000
Number of investment securities in unrealized loss less than 12 months | Security		4		4
Less than 12 Months, Estimated Fair Value		$ 30,893,000		$ 30,893,000		56,753,000
Gross unrealized loss in the category of 12 months or longer		203,000		203,000		902,000
12 Months or longer estimated fair value		$ 12,989,000		$ 12,989,000		27,028,000
Number of investment securities in unrealized loss position of twelve months or longer | Security		4		4
Collateralized Loan Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months gross unrealized loss		$ 19,000		$ 19,000		135,000
Less than 12 Months, Estimated Fair Value		9,965,000		9,965,000		12,864,000
Gross unrealized loss in the category of 12 months or longer		222,000		222,000		825,000
12 Months or longer estimated fair value		$ 25,263,000		$ 25,263,000		46,133,000
Collateralized Loan Obligations [Member] | AAA [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of investment securities in unrealized loss less than 12 months | Security		1		1
Number of investment securities in unrealized loss position of twelve months or longer | Security		2		2
Collateralized Loan Obligations [Member] | AA [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of investment securities in unrealized loss position of twelve months or longer | Security		2		2
Trust Preferred Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cumulative OTTI balance		$ 1,200,000		$ 1,200,000
Gross unrealized loss in the category of 12 months or longer		2,275,000		2,275,000		1,844,000
12 Months or longer estimated fair value		$ 9,747,000		$ 9,747,000		$ 10,175,000
Number of investment securities in unrealized loss position of twelve months or longer | Security		2		2
Number of Non-rated single issuer security | Security				1
Non-rated single issuer security with amortized cost		$ 3,200,000		$ 3,200,000
Non-rated single issuer security, estimated fair value		3,000,000		$ 3,000,000
Number of investment grade rated pooled security | Security				1
Investment grade rated pooled security with an amortized cost		8,800,000		$ 8,800,000
Investment grade rated pooled security, estimated fair value		6,800,000		$ 6,800,000
Security with principal coverage | Times	3.3
Called Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities called | Security				1
Aggregate par value of securities called				$ 5,000,000
Gross realized gains				22,000
Class B Visa Shares [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains				387,000
Investment book value		$ 0		$ 0

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses by Investment Category (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	$ 40,858	$ 72,283
Less than 12 Months, Gross Unrealized Losses	(75)	(400)
12 Months or Longer, Estimated Fair Value	48,174	88,238
12 Months or Longer, Gross Unrealized Losses	(2,702)	(3,645)
Total, Estimated Fair Value	89,032	160,521
Total, Gross Unrealized Losses	(2,777)	(4,045)
U.S. Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value		2,484
Less than 12 Months, Gross Unrealized Losses		(10)
Total, Estimated Fair Value		2,484
Total, Gross Unrealized Losses		(10)
U.S. Government Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
12 Months or Longer, Estimated Fair Value		4,902
12 Months or Longer, Gross Unrealized Losses		(74)
Total, Estimated Fair Value		4,902
Total, Gross Unrealized Losses		(74)
U.S. Government Agency Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	30,893	56,753
Less than 12 Months, Gross Unrealized Losses	(56)	(254)
12 Months or Longer, Estimated Fair Value	12,989	27,028
12 Months or Longer, Gross Unrealized Losses	(203)	(902)
Total, Estimated Fair Value	43,882	83,781
Total, Gross Unrealized Losses	(259)	(1,156)
Other Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value		182
Less than 12 Months, Gross Unrealized Losses		(1)
12 Months or Longer, Estimated Fair Value	175
12 Months or Longer, Gross Unrealized Losses	(2)
Total, Estimated Fair Value	175	182
Total, Gross Unrealized Losses	(2)	(1)
Trust Preferred Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
12 Months or Longer, Estimated Fair Value	9,747	10,175
12 Months or Longer, Gross Unrealized Losses	(2,275)	(1,844)
Total, Estimated Fair Value	9,747	10,175
Total, Gross Unrealized Losses	(2,275)	(1,844)
Collateralized Loan Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	9,965	12,864
Less than 12 Months, Gross Unrealized Losses	(19)	(135)
12 Months or Longer, Estimated Fair Value	25,263	46,133
12 Months or Longer, Gross Unrealized Losses	(222)	(825)
Total, Estimated Fair Value	35,228	58,997
Total, Gross Unrealized Losses	$ (241)	$ (960)

Investment Securities - Contrac

Investment Securities - Contractual Maturities of Investment Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Due in one year or less, Amortized Cost	$ 3,174	$ 625
Due after one year through five years, Amortized Cost	248	2,494
Due after five years through ten years, Amortized Cost	29,468	38,453
Due after ten years, Amortized Cost	21,022	38,497
Total investment securities, excluding mortgage-backed securities, Amortized Cost	53,912	80,069
Total investment securities, Amortized Cost	292,302	285,838
Due in one year or less, Estimated Fair Value	3,176	625
Due after one year through five years, Estimated Fair Value	248	2,484
Due after five years through ten years, Estimated Fair Value	29,268	37,709
Due after ten years, Estimated Fair Value	18,713	36,363
Total investment securities, excluding mortgage-backed securities, Estimated Fair Value	51,405	77,181
Total investment securities, Estimated Fair Value	291,872	282,875
Due after one year through five years, Amortized Cost	250	250
Total investment securities, excluding mortgage-backed securities, Amortized Cost	250	250
Total investment securities, Amortized Cost	250	250
Due after one year through five years, Estimated Fair Value	250	250
Total investment securities, excluding mortgage-backed securities, Estimated Fair Value	250	250
Total investment securities, Estimated Fair Value	250	250
U.S. Government Agency Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total investment securities, Amortized Cost	238,213	205,586
Total investment securities, Estimated Fair Value	240,292	205,512
Other Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Total investment securities, Amortized Cost	177	183
Total investment securities, Estimated Fair Value	$ 175	$ 182

Loans - Loan Components (Detail

Loans - Loan Components (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	$ 1,566,666	$ 1,548,509	$ 1,528,181
Allowance for loan losses	(15,827)	(18,008)	(18,913)	$ (23,246)
Net loans held-for-investment	1,550,839	1,530,501
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	226,493	230,681
CRE Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	226,165	228,191
CRE Non-Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	676,323	625,700
Land and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	84,692	68,070
Home Equity Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	113,991	130,401
Home Equity Term Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	9,756	12,383
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	226,691	249,975	257,678
Allowance for loan losses	(2,697)	(3,029)	(3,561)	(3,513)
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	2,555	3,108
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	1,213,673		1,119,088
Allowance for loan losses	(10,298)	(12,120)	$ (12,305)	$ (15,834)
Commercial Loans [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	226,493	230,681
Commercial Loans [Member] | CRE Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	226,165	228,191
Commercial Loans [Member] | CRE Non-Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	676,323	625,700
Commercial Loans [Member] | Land and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	84,692	68,070
Consumer Loans [Member] | Home Equity Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	113,991	130,401
Consumer Loans [Member] | Home Equity Term Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	9,756	12,383
Consumer Loans [Member] | Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	226,691	249,975
Consumer Loans [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans held-for-investment	$ 2,555	$ 3,108

Loans - Loans on Non-Accrual St

Loans - Loans on Non-Accrual Status (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	$ 3,246	$ 2,207
Troubled debt restructuring, non-accrual	3,396	910
Commercial Loans [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	3	219
Commercial Loans [Member] | CRE Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	293	381
Commercial Loans [Member] | CRE Non-Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	528
Consumer Loans [Member] | Home Equity Term Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	75	88
Consumer Loans [Member] | Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	2,264	1,417
Consumer Loans [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	$ 83	$ 102

Loans - Additional Information

Loans - Additional Information (Detail)	Sep. 30, 2016USD ($)Relationship	Dec. 31, 2015USD ($)Relationship
Receivables [Abstract]
Outstanding amount of relationships which agreements included interest reserves	$ 12,500,000	$ 8,800,000
Number of residential construction, commercial construction and land development relationships | Relationship	3	2
Amount available to fund interest payments	$ 363,000	$ 571,000
Number of relationships with interest reserves on non-accrual status | Relationship	0	0
Interest Reserve in the aggregate on non accrual status of commercial construction relationships	$ 0	$ 0

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance for Loan Losses and Recorded Investment in Financing Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Allowance for loan losses:
Beginning balance		$ 18,008	$ 23,246
Charge-offs		(1,712)	(6,419)
Recoveries		1,213	5,066
Net recoveries (charge-offs)		(499)	(1,353)
(Recovery of) provision for loan losses	$ (1,762)	(1,682)	(2,980)
Ending balance	18,913	15,827	18,913
Ending balance: collectively evaluated for impairment	18,913	15,827	18,913
Financing Receivables:
Ending balance	1,528,181	1,566,666	1,528,181	$ 1,548,509
Ending balance: individually evaluated for impairment	3,606	6,642	3,606
Ending balance: collectively evaluated for impairment	1,524,575	1,560,024	1,524,575
Residential Real Estate Loans [Member]
Allowance for loan losses:
Beginning balance		3,029	3,513
Charge-offs		(456)	(2,339)
Recoveries		33	815
Net recoveries (charge-offs)		(423)	(1,524)
(Recovery of) provision for loan losses		91	1,572
Ending balance	3,561	2,697	3,561
Ending balance: collectively evaluated for impairment	3,561	2,697	3,561
Financing Receivables:
Ending balance	257,678	226,691	257,678	$ 249,975
Ending balance: individually evaluated for impairment	2,505	3,401	2,505
Ending balance: collectively evaluated for impairment	255,173	223,290	255,173
Home Equity [Member]
Allowance for loan losses:
Beginning balance		2,816	3,238
Charge-offs		(417)	(2,815)
Recoveries		279	368
Net recoveries (charge-offs)		(138)	(2,447)
(Recovery of) provision for loan losses		(281)	2,234
Ending balance	3,025	2,397	3,025
Ending balance: collectively evaluated for impairment	3,025	2,397	3,025
Financing Receivables:
Ending balance	146,501	123,747	146,501
Ending balance: individually evaluated for impairment	96	75	96
Ending balance: collectively evaluated for impairment	146,405	123,672	146,405
Other [Member]
Allowance for loan losses:
Beginning balance		43	661
Charge-offs		(256)	(142)
Recoveries		100	38
Net recoveries (charge-offs)		(156)	(104)
(Recovery of) provision for loan losses		548	(535)
Ending balance	22	435	22
Ending balance: collectively evaluated for impairment	22	435	22
Financing Receivables:
Ending balance	4,914	2,555	4,914
Ending balance: individually evaluated for impairment	6	84	6
Ending balance: collectively evaluated for impairment	4,908	2,471	4,908
Commercial Loans [Member]
Allowance for loan losses:
Beginning balance		12,120	15,834
Charge-offs		(583)	(1,123)
Recoveries		801	3,845
Net recoveries (charge-offs)		218	2,722
(Recovery of) provision for loan losses		(2,040)	(6,251)
Ending balance	12,305	10,298	12,305
Ending balance: collectively evaluated for impairment	12,305	10,298	12,305
Financing Receivables:
Ending balance	1,119,088	1,213,673	1,119,088
Ending balance: individually evaluated for impairment	999	3,082	999
Ending balance: collectively evaluated for impairment	$ 1,118,089	$ 1,210,591	$ 1,118,089

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)Contract	Sep. 30, 2015USD ($)Contract	Sep. 30, 2016USD ($)Contract	Sep. 30, 2015USD ($)Contract	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Receivables [Abstract]
Allowance for loans receivable | $	$ 15,827	$ 18,913	$ 15,827	$ 18,913	$ 18,008	$ 23,246
Ratio of allowance for loan losses to gross loans held-for-investment	1.01%		1.01%		1.16%
Loan not considered as impaired			Less than 90 days
Number of TDR's included in Impaired Loans	11		11
TDRs included in impaired loans | $			$ 3,400
Number of impaired loans in accruing status	1		1
TDR with commitments to lend additional funds	0		0
Number new TDR agreements	3	0	6	3
Number of TDR agreements that subsequently defaulted			0	0

Allowance for Loan Losses - Com

Allowance for Loan Losses - Components of Impaired Loans Held-for-Investment (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Commercial Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment	$ 3,075	$ 994
Unpaid Principal Balance	3,476	2,985
Average Recorded Investment	3,107	1,590
Commercial Loans [Member] | Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance	2,144	229
Unpaid Principal Balance, With No Related Allowance	2,402	730
Average Recorded Investment, With No Related Allowance	2,167	234
Commercial Loans [Member] | CRE Owner Occupied [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance	403	765
Unpaid Principal Balance, With No Related Allowance	546	2,255
Average Recorded Investment, With No Related Allowance	408	883
Commercial Loans [Member] | CRE Non-Owner Occupied [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance	528
Unpaid Principal Balance, With No Related Allowance	528
Average Recorded Investment, With No Related Allowance	532	114
Commercial Loans [Member] | Commercial and Industrial, Held-For-Sale [Member]
Financing Receivable Impaired [Line Items]
Average Recorded Investment, With No Related Allowance		73
Commercial Loans [Member] | CRE Owner Occupied, Held-For-Sale [Member]
Financing Receivable Impaired [Line Items]
Average Recorded Investment, With No Related Allowance		167
Commercial Loans [Member] | CRE Non-Owner Occupied, Held-For-Sale [Member]
Financing Receivable Impaired [Line Items]
Average Recorded Investment, With No Related Allowance		119
Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment	3,739	2,608
Unpaid Principal Balance	4,150	2,827
Average Recorded Investment	3,784	3,977
Consumer Loans [Member] | Residential Real Estate Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance	3,401	2,505
Unpaid Principal Balance, With No Related Allowance	3,658	2,713
Average Recorded Investment, With No Related Allowance	3,444	3,065
Consumer Loans [Member] | Home Equity Term Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance	75	92
Unpaid Principal Balance, With No Related Allowance	87	99
Average Recorded Investment, With No Related Allowance	77	97
Consumer Loans [Member] | Residential Real Estate Held-For-Sale [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance	179
Unpaid Principal Balance, With No Related Allowance	317
Average Recorded Investment, With No Related Allowance	178	736
Consumer Loans [Member] | Other [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance	84	7
Unpaid Principal Balance, With No Related Allowance	88	11
Average Recorded Investment, With No Related Allowance	$ 85	7
Consumer Loans [Member] | Home Equity Lines of Credit [Member]
Financing Receivable Impaired [Line Items]
Recorded Investment, With No Related Allowance		4
Unpaid Principal Balance, With No Related Allowance		4
Average Recorded Investment, With No Related Allowance		50
Consumer Loans [Member] | Other, Held-For-Sale [Member]
Financing Receivable Impaired [Line Items]
Average Recorded Investment, With No Related Allowance		$ 22

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Company's TDR Agreements (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)Contract	Sep. 30, 2015Contract	Sep. 30, 2016USD ($)Contract	Sep. 30, 2015USD ($)Contract
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract	3	0	6	3
Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract			2
Pre-Modification Outstanding Recorded Investment			$ 2,468
Post- Modification Outstanding Recorded Investment			$ 2,468
Residential Real Estate Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract	3		4	3
Pre-Modification Outstanding Recorded Investment	$ 596		$ 609	$ 546
Post- Modification Outstanding Recorded Investment	$ 603		$ 616	$ 484

Allowance for Loan Losses - Inf

Allowance for Loan Losses - Information Regarding Types of Concessions Granted on Loans (Detail) - Contract	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable Modifications [Line Items]
Number of Contracts	3	0	6	3
Residential Real Estate Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	3		4	3
Residential Real Estate Loans [Member] | Principal Repayment Terms [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	2		2
Residential Real Estate Loans [Member] | Rate Reduction and Principal Repayment Terms [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts	1		1
Residential Real Estate Loans [Member] | Forgiveness of Debt [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts			1
Residential Real Estate Loans [Member] | Extension of Maturity [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts				3
Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts			2
Commercial and Industrial [Member] | Rate Reduction and Principal Repayment Terms [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts			2

Allowance for Loan Losses - C53

Allowance for Loan Losses - Company's Distribution of Risk Ratings within Held-for-Investment Loan Portfolio (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	$ 1,566,666	$ 1,548,509	$ 1,528,181
Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	1,557,055	1,537,389
Special Mention [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	1,030	5,199
Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	8,581	5,921
Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	226,493	230,681
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	223,976	227,220
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	344	2,926
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	2,173	535
CRE Owner Occupied [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	226,165	228,191
CRE Owner Occupied [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	223,584	223,695
CRE Owner Occupied [Member] | Special Mention [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	686	2,273
CRE Owner Occupied [Member] | Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	1,895	2,223
CRE Non-Owner Occupied [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	676,323	625,700
CRE Non-Owner Occupied [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	675,599	625,700
CRE Non-Owner Occupied [Member] | Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	724
Land and Development [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	84,692	68,070
Land and Development [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	84,692	68,070
Home Equity Lines of Credit [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	113,991	130,401
Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	113,946	130,401
Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	45
Home Equity Term Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	9,756	12,383
Home Equity Term Loans [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	9,681	12,294
Home Equity Term Loans [Member] | Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	75	89
Residential Real Estate Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	226,691	249,975	$ 257,678
Residential Real Estate Loans [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	223,106	247,002
Residential Real Estate Loans [Member] | Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	3,585	2,973
Other [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	2,555	3,108
Other [Member] | Pass [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	2,471	3,007
Other [Member] | Substandard [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Total gross loans held-for-investment	$ 84	$ 101

Allowance for Loan Losses - C54

Allowance for Loan Losses - Company's Analysis of Past Due Held-for-Investment Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 5,765	$ 7,959
Current	1,560,901	1,540,550
Total Financing Receivables	1,566,666	1,548,509	$ 1,528,181
Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	226,493	230,681
CRE Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	226,165	228,191
CRE Non-Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	676,323	625,700
Land and Development [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	84,692	68,070
Home Equity Lines of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	113,991	130,401
Home Equity Term Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	9,756	12,383
Residential Real Estate Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	226,691	249,975	257,678
Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	2,555	3,108
Commercial Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	1,213,673		$ 1,119,088
Commercial Loans [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	9	228
Current	226,484	230,453
Total Financing Receivables	226,493	230,681
Commercial Loans [Member] | CRE Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	855	1,393
Current	225,310	226,798
Total Financing Receivables	226,165	228,191
Commercial Loans [Member] | CRE Non-Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	195
Current	676,128	625,700
Total Financing Receivables	676,323	625,700
Commercial Loans [Member] | Land and Development [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Current	84,692	68,070
Total Financing Receivables	84,692	68,070
Consumer Loans [Member] | Home Equity Lines of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	590	167
Current	113,401	130,234
Total Financing Receivables	113,991	130,401
Consumer Loans [Member] | Home Equity Term Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		14
Current	9,756	12,369
Total Financing Receivables	9,756	12,383
Consumer Loans [Member] | Residential Real Estate Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	4,014	6,038
Current	222,677	243,937
Total Financing Receivables	226,691	249,975
Consumer Loans [Member] | Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	102	119
Current	2,453	2,989
Total Financing Receivables	2,555	3,108
30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	3,268	4,405
30-59 Days Past Due [Member] | Commercial Loans [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	9
30-59 Days Past Due [Member] | Commercial Loans [Member] | CRE Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	601	736
30-59 Days Past Due [Member] | Commercial Loans [Member] | CRE Non-Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	195
30-59 Days Past Due [Member] | Consumer Loans [Member] | Home Equity Lines of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	529	136
30-59 Days Past Due [Member] | Consumer Loans [Member] | Home Equity Term Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		14
30-59 Days Past Due [Member] | Consumer Loans [Member] | Residential Real Estate Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,916	3,504
30-59 Days Past Due [Member] | Consumer Loans [Member] | Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	18	15
60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,336	1,692
60-89 Days Past Due [Member] | Commercial Loans [Member] | CRE Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	39	35
60-89 Days Past Due [Member] | Consumer Loans [Member] | Home Equity Lines of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	61	31
60-89 Days Past Due [Member] | Consumer Loans [Member] | Residential Real Estate Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,236	1,623
60-89 Days Past Due [Member] | Consumer Loans [Member] | Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		3
90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,161	1,862
90 Days Past Due [Member] | Commercial Loans [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		228
90 Days Past Due [Member] | Commercial Loans [Member] | CRE Owner Occupied [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	215	622
90 Days Past Due [Member] | Consumer Loans [Member] | Residential Real Estate Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	862	911
90 Days Past Due [Member] | Consumer Loans [Member] | Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 84	$ 101

Derivative Financial Instrume55

Derivative Financial Instruments and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Fair value of swaps at inception	$ 0
Expense in fair value adjustments	87	$ 70
Amount of collateral posted with third party	15,300		$ 19,200
Aggregate fair value of derivative financial instruments in liability position	3,900		6,000
Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Notional amount	$ 2,600		$ 5,600
Interest payment description	For each of these swap agreements, the floating rate is based on the one-month London Interbank Offered Rate (“LIBOR”) paid on the first day of the month which matches the interest payment date on each subordinated note.
Minimum [Member]
Derivatives, Fair Value [Line Items]
Expiration dates for swap agreements, range	Dec. 1, 2016
Maximum [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Expiration dates for swap agreements, range	Aug. 1, 2022

Derivative Financial Instrume56

Derivative Financial Instruments and Hedging Activities - Summary of Interest Rate Swaps Designated as Fair Value Hedges (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Notional	$ (70,112)	$ (98,976)
Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Notional	2,600	5,600
Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Notional	2,589	5,572
Fair Value	$ (235)	$ (351)

Derivative Financial Instrume57

Derivative Financial Instruments and Hedging Activities - Summary of Interest Rate Swap Components (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Weighted average pay rate	7.25%	7.28%
Weighted average receive rate	1.93%	1.98%
Weighted average maturity in years	2 years 4 days	1 year 6 months

Derivative Financial Instrume58

Derivative Financial Instruments and Hedging Activities - Summary of Interest Rate Swaps Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Notional	$ 70,112	$ 98,976
Fair Value	3,637	5,611
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Notional	(70,112)	(98,976)
Fair Value	$ (3,662)	$ (5,649)

Deposits - Major Classification

Deposits - Major Classifications of Deposits (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Banking And Thrift [Abstract]
Interest-bearing demand deposits	$ 678,547	$ 724,881
Non-interest-bearing demand deposits	403,334	461,467
Savings deposits	242,590	221,620
Time certificates under $250,000	327,360	282,584
Time certificates $250,000 or more	28,737	12,217
Brokered time deposits	37,066	43,333
Total deposits	$ 1,717,634	$ 1,746,102

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share Computation (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 1,630	$ 3,164	$ 5,418	$ 8,768
Average common shares outstanding	18,874,577	18,668,791	18,821,047	18,639,482
Net effect of dilutive common stock equivalents	88,163	69,726	88,820	49,555
Adjusted average shares outstanding – dilutive	18,962,740	18,738,517	18,909,867	18,689,037
Basic income (loss) per share	$ 0.09	$ 0.17	$ 0.29	$ 0.47
Diluted income (loss) per share	$ 0.09	$ 0.17	$ 0.29	$ 0.47

Commitments and Contingent Li61

Commitments and Contingent Liabilities - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Customers' letters of credit	$ 8,600	$ 13,300
Reserve for unfunded loan commitments and letters of credit	614	628
Recourse reserves for loans	$ 1,500	$ 1,400

Fair Value of Financial Instr62

Fair Value of Financial Instruments - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets:
Investment securities available for sale	$ 291,872	$ 282,875
Interest Rate Swaps [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	3,637	5,611
Liabilities:
Derivative instruments, liabilities	3,662	5,649
U.S. Government Agency Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	240,292	205,512
Other Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	175	182
Trust Preferred Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	9,747	10,174
Collateralized Loan Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	37,227	58,996
Other Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	1,932	625
Hedged Commercial Loans [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	2,825	5,924
Fair Value Interest Rate Swaps [Member] | Fair Value, Measurements, Recurring [Member]
Liabilities:
Derivative instruments, liabilities	235	351
U.S. Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	2,499	2,484
U.S. Government Agency Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale		4,902
Level 1 [Member] | Other Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	1,932	625
Level 1 [Member] | U.S. Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	2,499	2,484
Level 2 [Member] | Interest Rate Swaps [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	3,637	5,611
Liabilities:
Derivative instruments, liabilities	3,662	5,649
Level 2 [Member] | U.S. Government Agency Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	240,292	205,512
Level 2 [Member] | Other Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	175	182
Level 2 [Member] | Collateralized Loan Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	37,227	58,996
Level 2 [Member] | Hedged Commercial Loans [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	2,825	5,924
Level 2 [Member] | Fair Value Interest Rate Swaps [Member] | Fair Value, Measurements, Recurring [Member]
Liabilities:
Derivative instruments, liabilities	235	351
Level 2 [Member] | U.S. Government Agency Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale		4,902
Level 3 [Member] | Trust Preferred Securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale	$ 9,747	$ 10,174

Fair Value of Financial Instr63

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Option, Quantitative Disclosures [Line Items]
Future default rate	3.60%
Period of time with no recovery rate	3 years
Change in fair value discount rate for pooled issue	3.00%
Decrease due to change in applicable discount rate for pooled issue	$ 2,300,000
Increase due to change in applicable discount rate for pooled issue	$ 3,100,000
Change in fair value discount rate for single issue	3.00%
Decrease due to change in applicable discount rate for single issue	$ 1,500,000
Increase due to change in applicable discount rate for single issue	1,500,000
Transfers within three Levels	0	$ 0
Decrease in fair value of consumer properties	0	0
Commercial Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Decrease in fair value commercial properties	0	0
Specific Reserve [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Impaired loans with an aggregate carrying amount	0	0
Charge-offs	0	0
Without Specific Reserve [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Impaired loans with an aggregate carrying amount	6,600,000	1,200,000
Without Specific Reserve [Member] | Loan One [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Charge-offs	585,000	821,000
Without Specific Reserve [Member] | Loan Two [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Charge-offs	$ 117,000	$ 336,000
Pooled Security [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Market spreads	2.50%
Single Issuer [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Market spreads	5.50%

Fair Value of Financial Instr64

Fair Value of Financial Instruments - Summary of Level 3 Fair Value Measurement Activity (Detail) - Investment Securities [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	$ 9,562	$ 10,103	$ 10,175	$ 9,410
Total gains, realized/unrealized:
Included in earnings	1	1	4	3
Included in accumulated other comprehensive income	184	(1,328)	(432)	(637)
Balance, end of period	$ 9,747	$ 8,776	$ 9,747	$ 8,776

Fair Value of Financial Instr65

Fair Value of Financial Instruments - Summary of Assets Measured at Fair Value on Non Recurring Basis (Detail) - Non-Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Fair value of Impaired loans	$ 3,477	$ 1,222
Loans held-for-sale, at lower of cost or market	178
Total Losses Or Changes in Net Assets / Liabilities, Impaired loans	(585)	(821)
Total Losses Or Changes in Net Assets/Liabilities, loans held- for-sale	(136)
Level 2 [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Loans held-for-sale, at lower of cost or market	178
Level 3 [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Fair value of Impaired loans	$ 3,477	$ 1,222

Fair Value of Financial Instr66

Fair Value of Financial Instruments - Valuation Methods for Determining Fair Value of Impairment Loans (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Fair Value Disclosures [Abstract]
Loans less than $1 million	Less than $1 million
Loans $1 million or greater	1 million or greater
Commercial Loans	$ 1,000
Existing appraisal 18 months or less	18 months or less
Existing appraisal greater than 18 months	Greater than 18 months
Existing Appraisal Period	1 year 6 months
Commercial loans secured primarily by residential real estate
Loans less than $1 million	Less than $1 million
Loans $1 million or greater	1 million or greater
Other Commercial	$ 1,000
Non-commercial loans secured primarily by residential real estate
Loans less than $250,000	Less than $250 thousand
Loans $250,000 or greater	250 thousand or greater
Non-commercial loans	$ 250

Fair Value of Financial Instr67

Fair Value of Financial Instruments - Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities (Detail) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Assets:
Cash and due from banks		$ 27,569	$ 21,836
Interest-earning bank balances		128,723	182,479
Restricted cash		5,000	5,000
Investment securities available for sale		291,872	282,875
Investment securities held-to-maturity		250	250
Restricted equity investments		15,909	15,733
Liabilities:
Savings deposits		242,590	221,620
Advances from FHLBNY		85,465	85,607
Junior subordinated debentures		92,786	92,786
Carrying Amount [Member]
Assets:
Cash and due from banks		27,569	21,836
Interest-earning bank balances		128,723	182,479
Restricted cash		5,000	5,000
Investment securities available for sale		291,872	282,875
Investment securities held-to-maturity		250	250
Loans receivable, net		1,548,014	1,524,577
Loans held-for-sale, at lower of cost or market		1,450
Hedged commercial loans	[1]	2,825	5,924
Restricted equity investments		15,909	15,733
Liabilities:
Demand deposits		1,081,881	1,186,348
Savings deposits		242,590	221,620
Time deposits		393,164	338,134
Advances from FHLBNY		85,465	85,607
Junior subordinated debentures		92,786	92,786
Fair value interest rate swaps		235	351
Estimated Fair Value [Member]
Assets:
Cash and due from banks		27,569	21,836
Interest-earning bank balances		128,723	182,479
Restricted cash		5,000	5,000
Investment securities available for sale		291,872	282,875
Investment securities held-to-maturity		250	250
Loans receivable, net		1,553,463	1,460,080
Loans held-for-sale, at lower of cost or market		1,450
Hedged commercial loans	[1]	2,825	5,924
Restricted equity investments		15,909	15,733
Liabilities:
Demand deposits		1,082,727	1,166,898
Savings deposits		239,332	213,498
Time deposits		404,066	339,294
Advances from FHLBNY		87,971	85,790
Junior subordinated debentures		62,590	63,520
Fair value interest rate swaps		235	351
Interest Rate Swaps [Member] | Carrying Amount [Member]
Assets:
Interest rate swaps		3,539	5,611
Liabilities:
Interest rate swaps		3,662	5,649
Interest Rate Swaps [Member] | Estimated Fair Value [Member]
Assets:
Interest rate swaps		3,539	5,611
Liabilities:
Interest rate swaps		$ 3,662	$ 5,649
[1]	Includes positive market value adjustment of $235 thousand and $351 thousand at September 30, 2016 and December 31, 2015, respectively, which is equal to the change in value of related interest rate swaps designated as fair value hedges of these hedged loans in accordance with FASB ASC 815.

Fair Value of Financial Instr68

Fair Value of Financial Instruments - Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Commercial hedge loan adjustment to market change	$ 235	$ 351

Regulatory Matters - Additional

Regulatory Matters - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Jan. 21, 2016	Jan. 01, 2016	Dec. 31, 2015	Dec. 31, 2009
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 ratio or risk-weighted assets	4.50%		4.50%
Tier 1 risk-based capital ratio	6.00%		6.00%
Total risk-based capital ratio	8.00%		8.00%
Tier 1 leverage capital ratio	4.00%		4.00%
Tier one capital conservation buffer to risk weighted assets	2.50%		2.50%			0.625%
FDIC assessment expense	$ 173,000	$ 763,000	$ 872,000	$ 2,300,000
Tier 1 capital limitation, interest	25.00%		25.00%
Capital securities qualified as Tier 1 capital	$ 56,500,000		$ 56,500,000
Total capital	90,000,000		90,000,000
Capital securities qualified as Tier 2 capital	33,500,000		$ 33,500,000
Activities and investment conformance description			Section 619 of the Dodd-Frank Act. The Dodd-Frank Act provided that banks and bank holding companies were required to conform their activities and investments by July 21, 2014, however, the FRB has extended the conformance period until July 21, 2017.
Investment in securities, amortized cost	53,912,000		$ 53,912,000				$ 80,069,000
Investment in securities, fair value	292,122,000		292,122,000				$ 283,125,000
Trust Preferred Securities [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Investment in securities, amortized cost	8,800,000		8,800,000
Investment in securities, fair value	$ 6,800,000		$ 6,800,000
Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital securities qualified as Tier 1 capital								$ 15,000,000,000
OCC Agreement [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Penalties payable					$ 25,000

Regulatory Matters - Risk-Based

Regulatory Matters - Risk-Based Capital Ratios (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based capital (to risk-weighted assets), Actual, Amount	$ 90,000,000
Total risk-based capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio	8.00%
Tier 1 capital (to risk-weighted assets), Actual, Amount	$ 56,500,000
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio	6.00%
Leverage capital, For Capital Adequacy Purposes, Ratio	4.00%
Sun Bancorp, Inc. [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based capital (to risk-weighted assets), Actual, Amount	$ 334,371	$ 328,575
Total risk-based capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	$ 126,208,000	$ 124,914,000
Total risk-based capital (to risk-weighted assets), Actual, Ratio	21.19%	21.04%
Total risk-based capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Tier 1 common equity capital (to risk-weighed assets), Actual, Amount	$ 227,930	$ 219,939
Tier 1 common equity capital (to risk-weighed assets), For Capital Adequacy Purposes, Amount	$ 70,992,000	$ 70,264,000
Tier 1 common equity capital (to risk-weighed assets), Actual, Ratio	14.45%	14.09%
Tier 1 common equity capital (to risk-weighed assets), For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Tier 1 capital (to risk-weighted assets), Actual, Amount	$ 284,916	$ 274,928
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	$ 94,656,000	$ 93,685,000
Tier 1 capital (to risk-weighted assets), Actual, Ratio	18.06%	17.61%
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Leverage capital, Actual, Amount	$ 284,916	$ 274,928
Leverage capital, For Capital Adequacy Purposes, Amount	$ 85,971,000	$ 90,203,000
Leverage capital, Actual, Ratio	13.26%	12.19%
Leverage capital, For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Sun National Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based capital (to risk-weighted assets), Actual, Amount	$ 304,414	$ 297,735
Total risk-based capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	125,943,000	124,649,000
Total risk-based capital (to risk-weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 157,428,000	$ 155,811,000
Total risk-based capital (to risk-weighted assets), Actual, Ratio	19.34%	19.11%
Total risk-based capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total risk-based capital (to risk-weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 common equity capital (to risk-weighed assets), Actual, Amount	$ 287,973	$ 279,100
Tier 1 common equity capital (to risk-weighed assets), For Capital Adequacy Purposes, Amount	70,843,000	70,115,000
Tier 1 common equity capital (to risk-weighed assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 102,328,000	$ 101,277,000
Tier 1 common equity capital (to risk-weighed assets), Actual, Ratio	18.29%	17.91%
Tier 1 common equity capital (to risk-weighed assets), For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Tier 1 common equity capital (to risk-weighed assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 capital (to risk-weighted assets), Actual, Amount	$ 287,973	$ 279,100
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	94,457,000	93,487,000
Tier 1 capital (to risk-weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 126,943,000	$ 124,648,000
Tier 1 capital (to risk-weighted assets), Actual, Ratio	18.29%	17.91%
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier 1 capital (to risk-weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Leverage capital, Actual, Amount	$ 287,973	$ 279,100
Leverage capital, For Capital Adequacy Purposes, Amount	85,835,000	90,069,000
Leverage capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 107,293,000	$ 112,587,000
Leverage capital, Actual, Ratio	13.42%	12.39%
Leverage capital, For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Leverage capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%

Regulatory Matters - Risk-Bas71

Regulatory Matters - Risk-Based Capital Ratios (Parenthetical) (Detail)	Sep. 30, 2016
Banking And Thrift [Abstract]
Capital adequacy excludes conversation buffer	0.625%

Dividends - Additional Informat

Dividends - Additional Information (Detail) - $ / shares	Oct. 27, 2016	Sep. 30, 2016	Jul. 25, 2016
Dividends Payable [Line Items]
Dividends payable, date declared		Jul. 25, 2016
Dividends payable, amount per share			$ 0.01
Dividends payable, date to be paid		Sep. 6, 2016
Dividends payable, date of record		Aug. 23, 2016
Subsequent Event [Member]
Dividends Payable [Line Items]
Dividends payable, date declared	Oct. 27, 2016
Dividends payable, amount per share	$ 0.01
Dividends payable, date to be paid	Dec. 12, 2016
Dividends payable, date of record	Nov. 28, 2016