Peapack-Gladstone Financial (PGC) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information
Entity Registrant Name	PEAPACK GLADSTONE FINANCIAL CORP
Entity Central Index Key	1,050,743
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,591,046
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015
Trading Symbol	PGC

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 6,205	$ 6,621
Federal funds sold	101	101
Interest-earning deposits	32,382	24,485
Total cash and cash equivalents	38,688	31,207
Securities available for sale	245,897	332,652
FHLB and FRB stock, at cost	15,590	11,593
Loans held for sale, at fair value	745	839
Loans	2,741,938	2,250,267
Less: Allowance for loan losses	22,969	19,480
Net loans	2,718,969	2,230,787
Premises and equipment	31,637	32,258
Other real estate owned	956	1,324
Accrued interest receivable	6,451	5,371
Bank owned life insurance	32,565	32,634
Deferred tax assets, net	12,673	10,491
Other assets	13,999	13,241
TOTAL ASSETS	3,118,170	2,702,397
Deposits:
Noninterest-bearing demand deposits	386,588	366,371
Interest-bearing deposits:
Interest-bearing deposits checking	667,847	600,889
Savings	120,606	112,878
Money market accounts	717,246	700,069
Certificates of deposit - Retail	384,235	198,819
Subtotal deposits	2,276,522	1,979,026
Interest-bearing demand - Brokered	293,000	188,000
Certificates of deposit - Brokered	94,224	131,667
Total deposits	2,663,746	2,298,693
Overnight borrowings with Federal Home Loan Bank	87,500	54,600
Federal Home Loan Bank advances	83,692	83,692
Capital lease obligation	10,475	10,712
Accrued expenses and other liabilities	14,881	12,433
Total liabilities	$ 2,860,294	$ 2,460,130
SHAREHOLDERS' EQUITY
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)
Common stock (no par value; stated value $0.83 per share; authorized 21,000,000 shares; issued shares, 16,000,346 at June 30, 2015 and 15,563,895 at December 31, 2014; outstanding shares, 15,592,168 at June 30, 2015 and 15,155,717 at December 31, 2014	$ 13,319	$ 12,954
Surplus	202,776	195,829
Treasury stock at cost, 408,178 shares at June 30, 2015 and December 31, 2014	(8,988)	(8,988)
Retained earnings	49,966	41,251
Accumulated other comprehensive income, net of income tax	803	1,221
TOTAL SHAREHOLDERS' EQUITY	257,876	242,267
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$ 3,118,170	$ 2,702,397

CONSOLIDATED STATEMENTS OF CON3

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF CONDITION [Abstract]
Preferred stock, par value
Preferred stock, shares authorized	500,000	500,000
Preferred stock, liquidation preference per share	$ 1,000	$ 1,000
Common stock, stated value	$ 0.83	$ 0.83
Common stock, shares authorized	21,000,000	21,000,000
Common stock, shares issued	16,000,346	15,563,895
Treasury stock, shares	408,178	408,178

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
INTEREST INCOME
Interest and fee on loans	$ 22,624	$ 17,428	$ 43,611	$ 33,090
Interest on securities available for sale:
Taxable	1,037	977	2,219	2,038
Tax-exempt	128	189	267	393
Interest on loans held for sale	24	15	34	25
Interest-earning deposits	39	21	82	33
Total interest income	23,852	18,630	46,213	35,579
INTEREST EXPENSE
Interest on savings and interest-bearing deposit accounts	1,184	504	2,070	943
Interest on certificates of deposit	1,051	369	1,714	724
Interest on borrowed funds	428	382	820	772
Interest on capital lease obligation	126	118	254	237
Subtotal - interest expense	2,789	1,373	4,858	2,676
Interest-bearing demand - brokered	215	70	400	114
Interest on certificates of deposits - brokered	504	264	1,028	295
Total Interest expense	3,508	1,707	6,286	3,085
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	20,344	16,923	39,927	32,494
Provision for loan losses	2,200	1,150	3,550	2,475
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	18,144	15,773	36,377	30,019
OTHER INCOME
Wealth management fee income	4,532	4,005	8,563	7,759
Service charges and fees	837	708	1,642	1,402
Bank owned life insurance	248	276	785	542
Gain on loans held for sale at fair value (Mortgage banking)	$ 161	112	$ 309	224
Gain on loans held for sale at lower of cost or fair value		176		176
Other income	$ 545	117	$ 638	188
Securities gains, net	176	79	444	177
Total other income	6,499	5,473	12,381	10,468
OPERATING EXPENSES
Salaries and employee benefits	9,872	9,089	19,297	17,937
Premises and equipment	2,778	2,334	5,394	4,772
Other operating expense	3,616	3,507	7,343	6,560
Total operating expenses	16,266	14,930	32,034	29,269
INCOME BEFORE INCOME TAX EXPENSE	8,377	6,316	16,724	11,218
Income tax expense	3,139	2,533	6,478	4,404
NET INCOME	$ 5,238	$ 3,783	$ 10,246	$ 6,814
EARNINGS PER COMMON SHARE
Basic (in dollars per share)	$ 0.34	$ 0.32	$ 0.68	$ 0.58
Diluted (in dollars per share)	$ 0.34	$ 0.32	$ 0.67	$ 0.58
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic (in shares)	15,082,516	11,721,256	14,996,596	11,664,410
Diluted (in shares)	15,233,151	11,846,075	15,189,781	11,814,806

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Net income	$ 5,238	$ 3,783	$ 10,246	$ 6,814
Unrealized gains/(losses) on available for sale securities:
Unrealized holding gains/(losses) arising during the period	(1,135)	1,367	97	2,449
Less: Reclassification adjustment for net gains included in net income	176	79	444	177
Before tax	(1,311)	1,288	(347)	2,272
Tax effect	501	(464)	142	(865)
Net of tax	(810)	$ 824	(205)	$ 1,407
Unrealized loss on cash flow hedges
Unrealized holding loss	$ 631		$ (361)
Reclassification adjustment for losses included in net income
Before tax	$ 631		$ (361)
Tax effect	(257)		148
Net of tax	374		(213)
Total other comprehensive (loss)/income	(436)	$ 824	(418)	$ 1,407
Total comprehensive income	$ 4,802	$ 4,607	$ 9,828	$ 8,221

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Surplus [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balance at Dec. 31, 2013					$ 23
Net income						$ 6,814
Other comprehensive loss					1,407	1,407
Balance at Jun. 30, 2014					1,430
Balance at Dec. 31, 2014	$ 12,954	$ 195,829	$ (8,988)	$ 41,251	1,221	$ 242,267
Shares outstanding at Dec. 31, 2014	15,155,717					15,155,717
Net income				10,246		$ 10,246
Other comprehensive loss					(418)	$ (418)
Issuance of restricted stock, net of forfeitures	$ 134	(134)
Issuance of restricted stock, net of forfeitures, shares	160,764
Vesting of restricted stock	$ (4)	(50)				$ (54)
Vesting of restricted stock, shares	4,689
Amortization of restricted stock		1,098				1,098
Cash dividends declared on common stock				(1,531)		(1,531)
Common stock option expense		121				121
Common stock options exercised and related tax benefits	$ 12	169				181
Common stock options exercised and related tax benefits, shares	14,388
Common stock options swap and related tax benefits	$ (5)	(147)				(152)
Common stock options swap and related tax benefits, shares	7,506
Sales of shares (Dividend Reinvestment Program)	$ 175	3,637				3,812
Sales of shares (Dividend Reinvestment Program), shares	210,119
Issuance of shares for Employee Stock Purchase Plan	$ 13	293				306
Issuance of shares for Employee Stock Purchase Plan, shares	15,459
Issuance of common stock WMC acquisition	$ 40	960				1,000
Issuance of common stock WMC acquisition, shares	47,916
Issuance of warrants		1,000				1,000
Balance at Jun. 30, 2015	$ 13,319	$ 202,776	$ (8,988)	$ 49,966	$ 803	$ 257,876
Shares outstanding at Jun. 30, 2015	15,592,168					15,592,168

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical)	6 Months Ended
	Jun. 30, 2015$ / shares
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Abstract]
Cash dividends declared on common stock, per share	$ 0.10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net income	$ 10,246	$ 6,814
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,605	1,448
Amortization of premium and accretion of discount on securities, net	938	720
Amortization of restricted stock	1,098	721
Provision of loan losses	$ 3,550	2,475
Provision for OREO losses		400
Provision for deferred taxes	$ (1,892)	(536)
Stock-based compensation, including ESPP	172	106
Gains on securities, available for sale	(444)	(177)
Loans originated for sale at fair value	(20,661)	(17,004)
Proceeds from sales of loans at fair value	21,064	16,579
Gains on loans held for sale at fair value	$ (309)	(224)
Net gains on loans held for sale at lower of cost or fair value		(176)
Losses/(gains) on sale of other real estate owned	$ 38	(108)
Gains on disposal of fixed assets		$ (9)
Gain on death benefit	$ (88)
Increase in cash surrender value of life insurance, net	(323)	$ (376)
Increase in accrued interest receivable	(1,080)	(772)
Decrease in other assets	2,908	4,769
Decrease/(increase) in accrued expenses, capital lease obligations and other liabilities	1,175	(903)
NET CASH PROVIDED BY OPERATING ACTIVITIES	17,997	13,747
INVESTING ACTIVITIES:
Maturities of securities available for sale	39,479	$ 52,411
Redemptions for FHLB & FRB stock	32,200
Call of securities available for sale	14,880
Sales of securities available for sale	36,865	$ 25,167
Purchase of securities available for sale	(5,310)	$ (32,586)
Purchase of FHLB & FRB stock	$ (36,197)
Proceeds from sales of loans held for sale at lower of cost or fair value		$ 68,031
Net increase in loans	$ (491,732)	(369,607)
Sales of other real estate owned	330	982
Purchase of premises and equipment	$ (984)	(2,326)
Disposal of premises and equipment		$ 14
Acquisition of a wealth management company	$ (800)
Proceeds from death benefit	238
NET CASH USED IN INVESTING ACTIVITIES	(411,031)	$ (257,914)
FINANCING ACTIVITIES:
Net increase in deposits	365,053	467,918
Net increase/(decrease) in overnight borrowings	$ 32,900	(54,900)
Net increase in other borrowings		9,000
Cash dividends paid on common stock	$ (1,531)	(1,191)
Exercise of Stock Options, net of stock swap	29	$ 92
Restricted stock tax expense	(54)
Sales of shares (DRIP Program)	3,812	$ 3,657
Purchase of shares for Profit Sharing Plan	306	70
NET CASH PROVIDED BY FINANCING ACTIVITIES	400,515	424,646
Net increase in cash and cash equivalents	7,481	180,479
Cash and cash equivalents at beginning of period	31,207	35,147
Cash and cash equivalents at end of period	$ 38,688	$ 215,626

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES.	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Certain information and footnote disclosures normally included in the audited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the period ended December 31, 2014 for Peapack-Gladstone Financial Corporation (the “Corporation” or the “Company”). In the opinion of the Management of the Corporation, the accompanying unaudited Consolidated Interim Financial Statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position as of June 30, 2015 and the results of operations and comprehensive income for the three and six months ended June 30, 2015 and 2014, and shareholders' equity and cash flow statements for the six months ended June 30, 2015 and 2014. Principles of Consolidation and Organization: The consolidated financial statements of the Corporation are prepared on the accrual basis and include the accounts of the Corporation and its wholly-owned subsidiary, Peapack-Gladstone Bank (the “Bank”). The consolidated statements also include the Bank's wholly-owned subsidiary, PGB Trust & Investments of Delaware and Peapack-Gladstone Mortgage Group, Inc. All significant intercompany balances and transactions have been eliminated from the accompanying consolidated financial statements. Securities Interest income includes amortization of purchase premium of discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, Management considers the extent and duration of the unrealized loss and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) other-than-temporary impairment related to credit loss, which must be recognized in the income statement and 2) other-than-temporary impairment related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Loans Held for Sale: Mortgage loans held for sale are generally sold with servicing rights released; therefore, no servicing rights are recorded. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. Loans originated with the intent to hold and subsequently transferred to loans held for sale are carried at the lower of cost or fair value. These are loans that the Corporation no longer has the intent to hold for the foreseeable future. Loans: Loans are considered past due when they are not paid in accordance with contractual terms. The accrual of income on loans, including impaired loans, is discontinued if, in the opinion of Management, principal or interest is not likely to be paid in accordance with the terms of the loan agreement, or when principal or interest is past due 90 six 120 The majority of the Company's loans are secured by real estate in the New Jersey and New York metropolitan area. Allowance for Loan Losses: The allowance consists of specific and general components. The specific component of the allowance relates to loans that are individually classified as impaired. A loan is impaired when, based on 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 agreement. Factors considered by Management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. All loans are individually evaluated for impairment when loans are classified as substandard by Management. If a loan is considered impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan's existing rate or at the fair value of collateral less estimated disposition costs if repayment is expected solely from the collateral. If and when a residential mortgage is placed on nonaccrual status and in the process of collection, such as through a foreclosure action, then they are evaluated for impairment on an individual basis and the loan is reported, net, at the fair value of the collateral less estimated disposition costs. A troubled debt restructuring (“TDR”) is a renegotiated loan with concessions made by the lender to a borrower who is experiencing financial difficulty. TDRs are impaired and are measured at the present value of estimated future cash flows using the loan's effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral, less estimated disposition costs. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance covers non-impaired loans and is based primarily on the Bank's historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experience by the Company on a weighted average basis over the previous three 5 2.5 In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on Federal call report codes, which are based on collateral. The following portfolio classes have been identified: Primary Residential Mortgages Home Equity Lines of Credit Junior Lien Loan on Residence Multifamily and Commercial Real Estate Loans Commercial and Industrial Loans Commercial Construction Consumer and Other Derivatives: Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. The Company offers Facility Specific/Loan Level Swaps to its customers and offsets its exposure from such contracts by entering into mirror image swaps with a financial institution/swap counterparty. The customer accommodations and any offsetting swaps are treated as non-hedging derivative instruments which do not qualify for hedge account (“standalone derivatives”). The notional amount of the swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual contracts. The fair value of the swaps is recorded as both an asset and a liability, in Other Assets and Other Liabilities, respectively, in equal amounts for these transactions. Stock-Based Compensation: one ten five For the three months ended June 30, 2015 and 2014, the Company recorded total compensation cost for stock options of $ 56 54 6 5 121 106 12 10 225 0.76 For the Company's stock option plans, changes in options outstanding during the six months ended June 30, 2015 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2015 345,189 $ 17.38 Granted during 2015 — — Exercised during 2015 (14,388 ) 12.60 Expired during 2015 (16,539 ) 18.24 Forfeited during 2015 (6,378 ) 13.99 Balance, June 30, 2015 307,884 17.60 4.80 $ 1,423 Vested and expected to vest (1) 293,532 17.82 4.80 $ 1,292 Exercisable at June 30, 2015 254,729 18.42 4.34 $ 104 (1) Does not include shares which are not expected to vest as a result of anticipated forfeitures. The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company's closing stock price on the last trading day of the first quarter of 2015 22.22 There were no stock options granted in the six months ended June 30, 2015. For the second quarter of 2014, the per share weighted-average fair value of stock options granted was $ 7.50 Three Months Six Months Ended Ended June 30, June 30, 2014 2014 Dividend Yield 1.05 % 1.02 % Expected volatility 40 % 40 % Expected life 7 7 Risk-free interest rate 2.26 % 2.18 % In the second quarter of 2015 13,147 three five three five As of June 30, 2015, there was $ 6.8 4.6 Changes in nonvested shares dependent on performance criteria for the six months ended June 30, 2015 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2015 92,767 $ 18.12 Granted during 2015 — — Vested during 2015 — — Forfeited during 2015 — — Balance, June 30, 2015 92,767 $ 18.12 Changes in nonvested shares not dependent on performance criteria for the six months ended June 30, 2015 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2015 252,328 $ 17.34 Granted during 2015 160,764 20.94 Vested during 2015 (66,827 ) 16.35 Forfeited during 2015 (2,124 ) 20.24 Balance, June 30, 2015 344,141 $ 19.20 For the three months ended June 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 623 440 For the six months ended June 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 1.1 721 Employee Stock Purchase Plan: 150,000 1 15 85 For the three months ended June 30, 2015, the Company recorded $ 24 7,571 51 15,459 Earnings per Common share – Basic and Diluted: Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2015 2014 2015 2014 Net income to common shareholders $ 5,238 $ 3,783 $ 10,246 $ 6,814 Basic weighted-average common shares outstanding 15,082,516 11,721,256 14,996,596 11,664,410 Plus: common stock equivalents 150,635 124,819 193,185 150,396 Diluted weighted-average common shares outstanding 15,233,151 11,846,075 15,189,781 11,814,806 Net income per common share Basic $ 0.34 $ 0.32 $ 0.68 $ 0.58 Diluted 0.34 0.32 0.67 0.58 Stock options totaling 114,198 132,140 254,767 151,674 Income Taxes: The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in its financial statements or tax returns. The measurement of deferred tax assets and liabilities is based on the enacted tax rates. Such tax assets and liabilities are adjusted for the effect of a change in tax rates in the period of enactment. The Company recognizes a tax position as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company is no longer subject to examination by the U.S. Federal tax authorities for years prior to 2012 2010 The Company recognizes interest and/or penalties related to income tax matters in income tax expense.

INVESTMENT SECURITIES AVAILABLE

INVESTMENT SECURITIES AVAILABLE FOR SALE	6 Months Ended
	Jun. 30, 2015
INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]
INVESTMENT SECURITIES AVAILABLE FOR SALE	2. INVESTMENT SECURITIES AVAILABLE FOR SALE A summary of amortized cost and approximate fair value of securities available for sale included in the consolidated statements of condition as of June 30, 2015 and December 31, 2014 follows: June 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 4,830 $ 8 $ (16 ) $ 4,822 Mortgage-backed securities – residential 191,885 2,149 (196 ) 193,838 Small business administration pool securities 7,817 — (59 ) 7,758 State and political subdivisions 33,556 445 (1 ) 34,000 Single-issuer trust preferred security 2,999 — (464 ) 2,535 CRA investment 3,000 — (56 ) 2,944 Total $ 244,087 $ 2,602 $ (792 ) $ 245,897 December 31, 2014 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 35,664 $ 55 $ (49 ) $ 35,670 Mortgage-backed securities – residential 239,975 2,725 (411 ) 242,289 Small business administration pool securities 8,015 — (71 ) 7,944 State and political subdivisions 40,842 553 (1 ) 41,394 Single-issuer trust preferred security 2,999 — (599 ) 2,400 CRA investment 3,000 — (45 ) 2,955 Total $ 330,495 $ 3,333 $ (1,176 ) $ 332,652 The following tables present the Corporation's available for sale securities with continuous unrealized losses and the approximate fair value of these investments as of June 30, 2015 and December 31, 2014. June 30, 2015 Duration of Unrealized Loss Less Than 12 Months 12 Months or Longer Total Approximate Approximate Approximate Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses U.S. government Sponsored entities $ 2,977 $ (16 ) $ — $ — $ 2,977 $ (16 ) Mortgage-backed securities-residential 25,020 (86 ) 10,452 (110 ) 35,472 (196 ) Small business administration pool securities 7,758 (59 ) — — 7,758 (59 ) State and political subdivisions 498 (1 ) — — 498 (1 ) Single-issuer trust preferred security — — 2,535 (464 ) 2,535 (464 ) CRA investment fund — — 2,944 (56 ) 2,944 (56 ) Total $ 36,253 $ (162 ) $ 15,931 $ (630 ) $ 52,184 $ (792 ) December 31, 2014 Duration of Unrealized Loss Less Than 12 Months 12 Months or Longer Total Approximate Approximate Approximate Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses U.S. government sponsored entities $ 19,119 $ (20 ) $ 2,963 $ (29 ) $ 22,082 $ (49 ) Mortgage-backed securities-residential 65,368 (191 ) 20,428 (220 ) 85,796 (411 ) Small business administration pool securities 7,944 (71 ) — — 7,944 (71 ) State and political subdivisions 505 (1 ) — — 505 (1 ) Single-issuer trust Preferred security — — 2,400 (599 ) 2,400 (599 ) CRA investment fund — — 2,955 (45 ) 2,955 (45 ) Total $ 92,936 $ (283 ) $ 28,746 $ (893 ) $ 121,682 $ (1,176 ) Management believes that the unrealized losses on investment securities available for sale are temporary and are due to interest rate fluctuations and/or volatile market conditions rather than the creditworthiness of the issuers. As of June 30, 2015, the Company does not intend to sell these securities nor is it likely that it will be required to sell the securities before their anticipated recovery; therefore, none of the securities in unrealized loss position were determined to be other-than-temporarily impaired. At June 30, 2015, the unrealized loss on the single-issuer trust preferred security of $ 464 1

LOANS

LOANS	6 Months Ended
	Jun. 30, 2015
LOANS [Abstract]
LOANS	3. LOANS Loans outstanding, by general ledger classification, as of June 30, 2015 and December 31, 2014, consisted of the following: % of % of June 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Residential mortgage $ 470,863 17.17 % $ 466,760 20.74 % Multifamily mortgage 1,371,139 50.01 1,080,256 48.00 Commercial mortgage 375,440 13.69 308,491 13.71 Commercial loans 438,461 15.99 308,743 13.72 Construction loans 1,417 0.05 5,998 0.27 Home equity lines of credit 51,675 1.89 50,141 2.23 Consumer loans, including fixed rate home equity loans 29,996 1.09 28,040 1.25 Other loans 2,947 0.11 1,838 0.08 Total loans $ 2,741,938 100.00 % $ 2,250,267 100.00 % In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal call report codes. The following portfolio classes have been identified as of June 30, 2015 and December 31, 2014: % of % of June 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Primary residential mortgage $ 482,765 17.62 % $ 480,149 21.37 % Home equity lines of credit 51,832 1.89 50,302 2.24 Junior lien loan on residence 11,049 0.40 11,808 0.52 Multifamily property 1,371,139 50.05 1,080,256 48.07 Owner-occupied commercial real estate 126,926 4.63 105,446 4.69 Investment commercial real estate 534,870 19.53 405,771 18.06 Commercial and industrial 128,475 4.69 81,362 3.62 Secured by farmland/agricultural production 183 0.01 364 0.02 Commercial construction loans 150 0.01 4,715 0.21 Consumer and other loans 32,058 1.17 27,084 1.20 Total loans $ 2,739,447 100.00 % $ 2,247,257 100.00 % Net deferred fees 2,491 3,010 Total loans including net deferred costs $ 2,741,938 $ 2,250,267 The following tables present the loan balances by portfolio class, based on impairment method, and the corresponding balances in the allowance for loan losses as of June 30, 2015 and December 31, 2014: June 30, 2015 Total Ending ALLL Total Ending ALLL Loans Attributable Loans Attributable Individually To Loans Collectively To Loans Evaluated Individually Evaluated Collectively Total For Evaluated for For Evaluated for Total Ending (In thousands) Impairment Impairment Impairment Impairment Loans ALL Primary residential mortgage $ 7,256 $ 255 $ 475,509 $ 2,154 $ 482,765 $ 2,409 Home equity lines of credit 207 — 51,625 113 51,832 113 Junior lien loan on residence 142 — 10,907 73 11,049 73 Multifamily property — — 1,371,139 8,623 1,371,139 8,623 Owner-occupied commercial real estate 1,319 — 125,607 2,286 126,926 2,286 Investment commercial real estate 11,637 677 523,233 7,102 534,870 7,779 Commercial and industrial 245 145 128,230 1,444 128,475 1,589 Secured by farmland and agricultural production — — 183 2 183 2 Commercial construction — — 150 2 150 2 Consumer and other — — 32,058 93 32,058 93 Total ALLL $ 20,806 $ 1,077 $ 2,718,641 $ 21,892 $ 2,739,447 $ 22,969 December 31, 2014 Total Ending ALLL Total Ending ALLL Loans Attributable Loans Attributable Individually To Loans Collectively To Loans Evaluated Individually Evaluated Collectively Total For Evaluated for For Evaluated for Total Ending (In thousands) Impairment Impairment Impairment Impairment Loans ALLL Primary residential mortgage $ 6,500 $ 317 $ 473,649 $ 2,606 $ 480,149 $ 2,923 Home equity lines of credit 210 — 50,092 156 50,302 156 Junior lien loan on residence 164 — 11,644 109 11,808 109 Multifamily Property — — 1,080,256 8,983 1,080,256 8,983 Owner-occupied Commercial real estate 1,674 — 103,772 1,547 105,446 1,547 Investment commercial real estate 11,653 489 394,118 4,262 405,771 4,751 Commercial and Industrial 248 149 81,114 731 81,362 880 Secured by farmland and agricultural production production — — 364 4 364 4 Commercial construction — — 4,715 31 4,715 31 Consumer and Other 2 2 27,082 94 27,084 96 Total ALLL $ 20,451 $ 957 $ 2,226,806 $ 18,523 $ 2,247,257 $ 19,480 Impaired loans include nonaccrual loans of $ 7.1 6.9 13.7 13.6 1.0 159 892 204 The following tables present loans individually evaluated for impairment by class of loans as of June 30, 2015 and December 31, 2014: The average impaired loans on the following tables represent year to date impaired loans. June 30, 2015 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 6,782 $ 5,580 $ — $ 4,691 Owner-occupied commercial real estate 1,497 1,319 — 1,455 Investment commercial real estate 5,734 5,423 — 5,413 Commercial and industrial 178 99 — 148 Home equity lines of credit 209 207 — 193 Junior lien loan on residence 528 142 — 144 Consumer and other — — — 1 Total loans with no related allowance $ 14,928 $ 12,770 $ — $ 12,045 With related allowance recorded: Primary residential mortgage $ 1,781 $ 1,676 $ 255 $ 1,688 Investment commercial real estate 6,222 6,214 677 6,223 Commercial and industrial 179 146 145 147 Total loans with related allowance $ 8,182 $ 8,036 $ 1,077 $ 8,058 Total loans individually evaluated for impairment $ 23,110 $ 20,806 $ 1,077 $ 20,103 December 31, 2014 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 5,264 $ 4,635 $ — $ 3,543 Owner-occupied commercial real estate 1,809 1,674 — 2,626 Investment commercial real estate 5,423 5,423 — 5,512 Commercial and industrial 99 99 — 155 Home equity lines of credit 210 210 — 111 Junior lien loan on residence 293 164 — 224 Consumer and other — — — 14 Total loans with no related allowance $ 13,098 $ 12,205 $ — $ 12,185 With related allowance recorded: Primary residential mortgage $ 2,138 $ 1,865 $ 317 $ 1,361 Investment commercial real estate 6,230 6,230 489 5,927 Commercial and industrial 179 149 149 249 Consumer and other 2 2 2 — Total loans with related allowance $ 8,549 $ 8,246 $ 957 $ 7,537 Total loans individually evaluated for impairment $ 21,647 $ 20,451 $ 957 $ 19,722 Interest income recognized on impaired loans for the second quarter and six months ended June 30, 2015 and 2014, was not material. The Company did not recognize any income on nonaccruing impaired loans for the three and six months ended June 30, 2015 and 2014. The following tables present the recorded investment in nonaccrual and loans past due over 90 June 30, 2015 Loans Past Due Over 90 Days And Still Accruing (In thousands) Nonaccrual Interest Primary residential mortgage $ 4,773 $ — Home equity lines of credit 207 — Junior lien loan on residence 142 — Owner-occupied commercial real estate 1,319 — Investment commercial real estate 425 — Commercial and industrial 245 — Total $ 7,111 $ — December 31, 2014 Loans Past Due Over 90 Days And Still Accruing (In thousands) Nonaccrual Interest Primary residential mortgage $ 4,128 $ — Home equity lines of credit 210 — Junior lien loan on residence 164 — Owner-occupied commercial real estate 1,674 — Investment commercial real estate 424 — Commercial and industrial 248 — Consumer and other 2 — Total $ 6,850 $ — The following tables present the aging of the recorded investment in past due loans as of June 30, 2015 and December 31, 2014 by class of loans, excluding nonaccrual loans: June 30, 2015 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 1,405 $ 89 $ — $ 1,494 Owner-occupied commercial real estate 230 — — 230 Commercial and industrial 20 — — 20 Total $ 1,655 $ 89 $ — $ 1,744 December 31, 2014 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 1,102 $ 403 $ — $ 1,505 Home equity lines of credit 99 — — 99 Owner-occupied commercial real estate 150 — — 150 Investment commercial real estate 1 — — 1 Total $ 1,352 $ 403 $ — $ 1,755 Credit Quality Indicators: The Company places all commercial loans into various credit risk rating categories based on an assessment of the expected ability of the borrowers to properly service their debt. The assessment considers numerous factors including, but not limited to, current financial information on the borrower, historical payment experience, strength of any guarantor, nature of and value of any collateral, acceptability of the loan structure and documentation, relevant public information and current economic trends. This credit risk rating analysis is performed when the loan is initially underwritten. The credit risk rating is re-evaluated annually by credit underwriters for all loans $ 500,000 250,000 500,000 3,500,000 500,000 3,499,999 500,000 The Corporation uses the following definitions for risk ratings: Special Mention: Substandard: Doubtful: Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans. As of June 30, 2015, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 473,756 $ 1,352 $ 7,657 $ — Home equity lines of credit 51,626 — 206 — Junior lien loan on residence 10,907 — 142 — Multifamily property 1,369,856 480 803 — Owner-occupied commercial real estate 121,508 334 5,084 — Investment commercial real estate 500,674 9,657 24,539 — Commercial and industrial 119,878 8,352 245 — Farmland 183 — — — Commercial construction — 150 — — Consumer and other loans 32,058 — — — Total $ 2,680,446 $ 20,325 $ 38,676 $ — As of December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 471,219 $ 1,366 $ 7,564 $ — Home equity lines of credit 50,092 — 210 — Junior lien loan on residence 11,644 — 164 — Multifamily property 1,078,944 490 822 — Owner-occupied commercial real estate 99,432 473 5,541 — Investment commercial real estate 372,865 11,648 21,258 — Commercial and industrial 81,093 21 248 — Farmland 189 — — — Agricultural production 175 — — — Commercial construction 4,565 150 — — Consumer and other loans 27,082 — 2 — Total $ 2,197,300 $ 14,148 $ 35,809 $ — At June 30, 2015, $ 20.8 20.5 The activity in the allowance for loan losses for the three months ended June 30, 2015 is summarized below: April 1, June 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,314 $ (68 ) $ 4 $ 159 $ 2,409 Home equity lines of credit 97 (10 ) 1 25 113 Junior lien loan on residence 71 — 10 (8 ) 73 Multifamily property 8,738 — — (115 ) 8,623 Owner-occupied commercial real estate 2,347 — — (61 ) 2,286 Investment commercial real estate 6,135 — 4 1,640 7,779 Commercial and industrial 1,011 (7 ) 21 564 1,589 Secured by farmland and agricultural production 3 — — (1 ) 2 Commercial construction 23 — — (21 ) 2 Consumer and other loans 77 (4 ) 2 18 93 Total ALLL $ 20,816 $ (89 ) $ 42 $ 2,200 $ 22,969 The activity in the allowance for loan losses for the six months ended June 30, 2015 is summarized below: January 1, June 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,923 $ (111 ) $ 70 $ (473 ) $ 2,409 Home equity lines of credit 156 (110 ) 1 66 113 Junior lien loan on residence 109 — 38 (74 ) 73 Multifamily property 8,983 — — (360 ) 8,623 Owner-occupied commercial real estate 1,547 — 11 728 2,286 Investment commercial real estate 4,751 — 10 3,018 7,779 Commercial and industrial 880 (7 ) 46 670 1,589 Secured by farmland 4 — — (2 ) 2 Commercial construction 31 — — (29 ) 2 Consumer and other loans 96 (21 ) 12 6 93 Total ALLL $ 19,480 $ (249 ) $ 188 $ 3,550 $ 22,969 The activity in the allowance for loan losses for the three months ended June 30, 2014 is summarized below: April 1, June 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,462 $ (25 ) $ — $ 565 $ 3,002 Home equity lines of credit 153 (24 ) — 47 176 Junior lien loan on residence 139 — 21 (12 ) 148 Multifamily property 5,630 — — 658 6,288 Owner-occupied commercial real estate 2,468 (572 ) 80 (137 ) 1,839 Investment commercial real estate 4,679 — 6 (88 ) 4,597 Agricultural production loans 2 — — — 2 Commercial and industrial 938 (38 ) 18 123 1,041 Secured by farmland and agricultural production 3 — — (1 ) 2 Commercial construction 44 — — (11 ) 33 Consumer and other loans 69 (1 ) 2 6 76 Total ALLL $ 16,587 $ (660 ) $ 127 $ 1,150 $ 17,204 The activity in the allowance for loan losses for the six months ended June 30, 2014 is summarized below: January 1, June 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,361 $ (45 ) $ — $ 686 $ 3,002 Home equity lines of credit 181 (24 ) — 19 176 Junior lien loan on residence 156 (1 ) 44 (51 ) 148 Multifamily property 4,003 — — 2,285 6,288 Owner-occupied commercial real estate 2,563 (644 ) 80 (160 ) 1,839 Investment commercial real estate 5,083 — 8 (494 ) 4,597 Agricultural productions loans — — — 2 2 Commercial and industrial 825 (96 ) 32 280 1,041 Secured by farmland 3 — — (1 ) 2 Commercial construction 120 — — (87 ) 33 Consumer and other loans 78 (3 ) 5 (4 ) 76 Total ALLL $ 15,373 $ (813 ) $ 169 $ 2,475 $ 17,204 Troubled Debt Restructurings: The Company has allocated $ 870 thousand and $ 688 thousand of specific reserves on accruing TDRs to customers whose loan terms have been modified in TDRs as of June 30, 2015 and December 31, 2014, respectively. There were no unfunded commitments to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructurings . During the six month period ended June 30, 2015, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; a deferral of scheduled payments with an extension of the maturity date; or some other modification or extension which would not be readily available in the market. The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six month period ended June 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 225 $ 225 Owner-occupied commercial real estate 1 767 767 Total 3 $ 992 $ 992 The identification of the troubled debt restructure loans did not have a significant impact on the allowance for loan losses. The following table presents loans by class modified as troubled debt restructurings that occurred during the three month period ended June 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 414 $ 414 Investment commercial real estate 1 1,580 1,580 Total 2 $ 1,994 $ 1,994 The following table presents loans by class modified as troubled debt restructurings that occurred during the six month period ended June 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 607 $ 607 Investment commercial real estate 2 2,884 2,884 Total 4 $ 3,491 $ 3,491 The following table presents loans by class modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the three and six month period ended June 30, 2015: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 2 $ 532 Total 2 $ 532 There were no loans that were modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the three months ended June 30, 2014. The following table presents loans by class modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the six month period ended June 30, 2014: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 55 Total 1 $ 55 The above loan defaults did not have a material impact on the allowance for loan losses for the periods ended as of June 30, 2015 and 2014. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company's internal underwriting policy. At the time a loan is restructured, the Bank performs a full re-underwriting analysis, which includes, at a minimum, obtaining current financial statements and tax returns, copies of all leases, if applicable, and an updated independent appraisal of any property. A loan will continue to accrue interest if it can be reasonably determined that the borrower should be able to perform under the modified terms, that the loan has not been chronically delinquent (both to debt service and real estate taxes) or in nonaccrual status since its inception, and that there have been no charge-offs on the loan. Restructured loans with previous charge-offs would not accrue interest at the time of the TDR. At a minimum, six months of contractual payments would need to be made on a restructured loan before returning a loan to accrual status.

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2015
DEPOSITS [Abstract]
DEPOSITS	4. DEPOSITS Certificates of deposit, excluding brokered, over $250,000 totaled $ 82.2 18.2 The following table sets forth the details of total deposits as of June 30, 2015 and December 31, 2014 2015 2014 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 386,588 14.51 % $ 366,371 15.94 % Interest-bearing checking 667,847 25.07 600,889 26.14 Savings 120,606 4.53 112,878 4.91 Money market 717,246 26.93 700,069 30.46 Certificates of deposit 384,235 14.42 198,819 8.65 2,276,522 85.46 1,979,026 86.09 Interest-bearing demand - Brokered 293,000 11.00 188,000 8.18 Certificates of deposit - Brokered 94,224 3.54 131,667 5.73 Total deposits $ 2,663,746 100.00 % $ 2,298,693 100.00 % The scheduled maturities of certificates of deposit, including brokered, as of June 30, 2015 are as follows: (In thousands) 2015 $ 49,950 2016 53,746 2017 84,338 2018 147,266 2019 56,524 Over 5 Years 86,635 Total $ 478,459

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	6 Months Ended
	Jun. 30, 2015
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS [Abstract]
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	5. FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS Advances from the Federal Home Loan Bank of New York (“FHLB”) totaled $ 83.7 1.78 At June 30, 2015 advances totaling $ 71.7 1.57 396.2 1.01 Also at June 30, 2015, the Corporation had $ 12.0 3.01 14.9 The final maturity dates of the FHLB advances and other borrowings are scheduled as follows: (In thousands) 2015 $ — 2016 21,897 2017 23,897 2018 34,898 2019 3,000 Over 5 years — Total $ 83,692 At June 30, 2015 and December 31, 2014 there were overnight borrowings with the Federal Home Loan Bank of $ 87.5 54.6

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2015
BUSINESS SEGMENTS [Abstract]
BUSINESS SEGMENTS	6. BUSINESS SEGMENTS The Corporation assesses its results among two Banking The Banking segment includes lending and depository products and services, as well as various electronic banking services. Private Wealth Management Division Peapack-Gladstone Bank's Private Wealth Management Division includes asset management services provided for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian and guardian; corporate trust services including services as trustee for pension and profit sharing plans; and other financial planning and advisory services. The following tables present the statements of income and total assets for the Corporation's reportable segments for the three and six months ended June 30, 2015 and 2014. Three Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 19,351 $ 993 $ 20,344 Noninterest income 1,896 4,603 6,499 Total income 21,247 5,596 26,843 Provision for loan losses 2,200 — 2,200 Salaries and benefits 7,830 2,042 9,872 Premises and equipment expense 2,549 229 2,778 Other noninterest expense 2,461 1,155 3,616 Total noninterest expense 15,040 3,426 18,466 Income before income tax expense 6,207 2,170 8,377 Income tax expense 2,294 845 3,139 Net income $ 3,913 $ 1,325 $ 5,238 Three Months Ended June 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 15,938 $ 985 $ 16,923 Noninterest income 1,408 4,065 5,473 Total income 17,346 5,050 22,396 Provision for loan losses 1,150 — 1,150 Salaries and benefits 7,801 1,288 9,089 Premises and equipment expense 2,166 168 2,334 Other noninterest expense 2,383 1,124 3,507 Total noninterest expense 13,500 2,580 16,080 Income before income tax expense 3,846 2,470 6,316 Income tax expense 1,590 943 2,533 Net income $ 2,256 $ 1,527 $ 3,783 Six Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 37,921 $ 2,006 $ 39,927 Noninterest income 3,673 8,708 12,381 Total income 41,594 10,714 52,308 Provision for loan losses 3,550 — 3,550 Salaries and benefits 15,370 3,927 19,297 Premises and equipment expense 4,934 460 5,394 Other noninterest expense 4,956 2,387 7,343 Total noninterest expense 28,810 6,774 35,584 Income before income tax expense 12,784 3,940 16,724 Income tax expense 4,945 1,533 6,478 Net income $ 7,839 $ 2,407 $ 10,246 Total assets for period end $ 3,084,507 $ 33,663 $ 3,118,170 Six Months Ended June 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 30,526 $ 1,968 $ 32,494 Noninterest income 2,598 7,870 10,468 Total income 33,124 9,838 42,962 Provision for loan losses 2,475 — 2,475 Salaries and benefits 14,816 3,121 17,937 Premises and equipment expense 4,435 337 4,772 Other noninterest expense 4,236 2,324 6,560 Total noninterest expense 25,962 5,782 31,744 Income before income tax expense 7,162 4,056 11,218 Income tax expense 2,856 1,548 4,404 Net income $ 4,306 $ 2,508 $ 6,814 Total assets for period end $ 2,387,925 $ 13,046 $ 2,400,971

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2015
FAIR VALUE [Abstract]
FAIR VALUE	7. FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing as asset or liability. The Company used the following methods and significant assumptions to estimate the fair value: Investment Securities: Loans Held for Sale, at Fair Value: Derivatives Impaired Loans: Other Real Estate Owned: Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by Management. Once received, a member of the Credit Department reviews the assumptions and approaches utilized in the appraisal, as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Appraisals on collateral dependent impaired loans and other real estate owned (consistent for all loan types) are obtained on an annual basis, unless a significant change in the market or other factors warrants a more frequent appraisal. On an annual basis, Management compares the actual selling price of any collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value for other properties. The most recent analysis performed indicated that a discount up to 15 12 The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Corporation has elected the fair value option: Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 4,822 $ — $ 4,822 $ — Mortgage-backed securities- residential 193,838 — 193,838 — SBA pool securities 7,758 — 7,758 — State and political subdivisions 34,000 — 34,000 — Single-Issuer Trust Preferred 2,535 — 2,535 — CRA investment fund 2,944 $ 2,944 — — Loans held for sale, at fair value 745 — 745 — Derivatives: Cash flow hedges 144 — 144 — Loan level swaps 480 — 480 — Total $ 247,266 $ 2,944 $ 244,322 $ — Liabilities: Derivatives: Cash flow hedges $ (674 ) $ — $ (674 ) $ — Loan level swaps (480 ) — (480 ) — Total $ (1,154 ) $ — $ (1,154 ) $ — Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable December 31, 31, Assets Inputs Inputs (In thousands) 2014 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 35,670 $ — $ 35,670 $ — Mortgage-backed securities- residential 242,289 — 242,289 — SBA pool securities 7,944 — 7,944 — State and political subdivisions 41,394 — 41,394 — Single-Issuer Trust Preferred 2,400 — 2,400 — CRA investment fund 2,955 2,955 — — Loans held for sale, at fair value 839 — 839 — Total $ 333,491 $ 2,955 $ 330,536 $ — Liabilities: Derivatives $ (169 ) $ — $ (169 ) $ — The Corporation has elected the fair value option for certain loans held for sale. These loans are intended for sale and the Corporation believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Corporation's policy on loans held for investment. None of these loans are 90 The following tables present residential loans held for sale, at fair value for the periods indicated: (In thousands) June 30, 2015 December 31, 2014 Residential loans contractual balance $ 733 $ 826 Fair value adjustment 12 13 Total fair value of residential loans held for sale $ 745 $ 839 There were no transfers between Level 1 and Level 2 during the six months ended June 30, 2015. The following table summarizes, for the periods indicated, assets measured at fair value on a non-recurring basis: Assets Measured on a Non-Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant observable Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Primary residential mortgage $ 251 $ — $ — $ 251 OREO 580 — — 580 December 31, (In thousands) 2014 Assets: Impaired loans: Primary residential mortgage $ 543 $ — $ — $ 543 OREO 580 — — 580 Impaired loans that are measured for impairment using the fair value of the collateral for collateral dependent loans had a recorded investment of $ 299 48 648 105 At both June 30, 2015 and December 31, 2014, OREO at fair value represents one commercial property. The Company did not record a valuation allowance during the six months ended June 30, 2015 and recorded a valuation allowance of $ 400 The carrying amounts and estimated fair values of financial instruments at June 30, 2015 are as follows: Fair Value Measurements at June 30, 2015 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 38,688 $ 38,188 $ 500 $ — $ 38,688 Securities available for sale 245,897 2,944 242,953 — 245,897 FHLB and FRB stock 15,590 — — — N/A Loans held for sale, at fair value 745 — 745 — 745 Loans, net of allowance for loan losses 2,718,969 — — 2,692,867 2,692,867 Accrued interest receivable 6,451 — 686 5,765 6,451 Cash flow hedge derivatives 144 — 144 — 144 Loan level swap derivatives 480 — 480 — 480 Financial liabilities Deposits $ 2,663,746 $ 2,185,287 $ 477,504 $ — $ 2,662,791 Overnight borrowings 87,500 — 87,500 — 87,500 Federal home loan bank advances 83,692 — 84,908 — 84,908 Accrued interest payable 806 99 707 — 806 Cash flow hedge derivatives 674 — 674 — 674 Loan level swap derivatives 480 — 480 — 480 The carrying amounts and estimated fair values of financial instruments at December 31, 2014 are as follows: Fair Value Measurements at December 31, 2014 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 31,207 $ 30,707 $ 500 $ — $ 31,207 Securities available for sale 332,652 2,955 329,697 — 332,652 FHLB and FRB stock 11,593 — — — N/A Loans held for sale, at fair value 839 — 839 — 839 Loans, net of allowance for loan losses 2,230,787 — — 2,213,604 2,213,604 Accrued interest receivable 5,371 — 924 4,447 5,371 Financial liabilities Deposits $ 2,298,693 $ 1,968,207 $ 329,579 $ — $ 2,297,786 Overnight borrowings 54,600 — 54,600 — 54,600 Federal home loan bank advances 83,692 — 84,677 — 84,677 Financial liabilities derivatives — — — — — Accrued interest payable 496 103 393 — 496 Derivatives 169 — 169 — 169 The methods and assumptions, not previously presented, used to estimate fair values are described as follows: Cash and cash equivalents: FHLB and FRB stock: Loans: Deposits: Overnight borrowings: Federal Home Loan Bank advances: Accrued interest receivable/payable: Off-balance sheet instruments:

OTHER OPERATING EXPENSES

OTHER OPERATING EXPENSES	6 Months Ended
	Jun. 30, 2015
OTHER OPERATING EXPENSES [Abstract]
OTHER OPERATING EXPENSES	8. OTHER OPERATING EXPENSES The following table presents the major components of other operating expenses for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2015 2014 2015 2014 FDIC assessment $ 431 $ 303 $ 913 $ 579 Wealth management division other expense 512 453 1,133 999 Professional and legal fees 583 519 1,351 970 Loan expense 76 124 189 224 Provision for ORE losses — 300 — 400 Other operating expenses 2,014 1,808 3,757 3,388 Total other operating expenses $ 3,616 $ 3,507 $ 7,343 $ 6,560

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2015
OTHER COMPREHENSIVE INCOME [Abstract]
OTHER COMPREHENSIVE INCOME	9. OTHER COMPREHENSIVE INCOME The following is a summary of the accumulated other comprehensive income balances, net of tax, for the three months ended June 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,926 $ (706 ) $ (104 ) $ (810 ) $ 1,116 Losses on cash flow hedges (687 ) 374 — 374 (313 ) Accumulated other comprehensive income, net of tax $ 1,239 $ (332 ) $ (104 ) $ (436 ) $ 803 Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Three Months Balance at Income Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 606 $ 875 $ (51 ) $ 824 $ 1,430 Accumulated other comprehensive income, net of tax $ 606 $ 875 $ (51 ) $ 824 $ 1,430 The following represents the reclassifications out of accumulated other comprehensive income for the three months ended June 30, 2015 and 2014: Three Months Ended June 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 176 $ 79 Securities gains, net Income tax expense (72 ) (28 ) Income tax expense Total reclassifications, net of tax $ 104 $ 51 The following is a summary of the accumulated other comprehensive income balances, net of tax, for the six months ended June 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Six Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,321 $ 57 $ (262 ) $ (205 ) $ 1,116 Losses on cash flow hedges (100 ) (213 ) — (213 ) (313 ) Accumulated other comprehensive income, net of tax $ 1,221 $ (156 ) $ (262 ) $ (418 ) $ 803 Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Six Months Balance at Income Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 23 $ 1,522 $ (115 ) $ 1,407 $ 1,430 Accumulated other comprehensive income, net of tax $ 23 $ 1,522 $ (115 ) $ 1,407 $ 1,430 The following represents the reclassifications out of accumulated other comprehensive income for the six months ended June 30, 2015 and 2014: Six Months Ended June 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 444 $ 177 Securities gains, net Income tax expense (182 ) (62 ) Income tax expense Total reclassifications, net of tax $ 262 $ 115

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2015
DERIVATIVES [Abstract]
DERIVATIVES	10. DERIVATIVES The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements. Interest Rate Swaps Designated as Cash Flow Hedges: 150.0 25.0 The following information about the interest rate swaps designated as cash flow hedges as of June 30, 2015 and December 31, 2014 is presented in the following table: (In thousands) June 30, 2015 December 31, 2014 Notional amount $ 150,000 $ 25,000 Weighted average pay rate 1.66 % 1.81 % Weighted average receive rate 0.28 % 0.21 % Weighted average maturity 4.6 years 5.0 years Unrealized loss $ (530 ) $ (169 ) Number of contracts 7 1 Interest expense recorded on these swap transactions totaled $ 376 471 Cash Flow Hedges The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended June 30, 2015 (after tax): Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ 374 $ — $ — The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the six months ended June 30, 2015 (after tax): Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ (213 ) $ — $ — The following tables reflect the cash flow hedges included in the financial statements as of June 30, 2015 and December 31, 2014: June 30, 2015 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 150,000 $ (530 ) Total included in other liabilities $ 110,000 $ (674 ) Total included in other assets $ 40,000 $ 144 December 31, 2014 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 25,000 $ (169 ) Total included in other liabilities $ 25,000 $ (169 ) Derivatives Not Designated as Accounting Hedges: Information about these swaps is as follows: (In thousands) June 30, 2015 Notional amount $ 27,320 Fair value $ 480 Weighted average pay rates 3.06 % Weighted average receive rates 1.42 % Weighted average maturity 16.3 years

ACQUISITION

ACQUISITION	6 Months Ended
	Jun. 30, 2015
ACQUISITION [Abstract]
ACQUISITION	11. ACQUISITION Effective May 1, 2015 the Company closed the previously announced acquisition of a wealth management company. The acquisition is consistent with the Company's strategy to grow its wealth management business with a focus on high net worth clients. The purchase price included cash, common stock and common stock warrants. The warrants are exercisable and have a term of seven .

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Principles of Consolidation and Organization	Principles of Consolidation and Organization: The consolidated financial statements of the Corporation are prepared on the accrual basis and include the accounts of the Corporation and its wholly-owned subsidiary, Peapack-Gladstone Bank (the “Bank”). The consolidated statements also include the Bank's wholly-owned subsidiary, PGB Trust & Investments of Delaware and Peapack-Gladstone Mortgage Group, Inc. All significant intercompany balances and transactions have been eliminated from the accompanying consolidated financial statements.
Securities	Securities Interest income includes amortization of purchase premium of discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, Management considers the extent and duration of the unrealized loss and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) other-than-temporary impairment related to credit loss, which must be recognized in the income statement and 2) other-than-temporary impairment related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings.
Loans Held for Sale	Loans Held for Sale: Mortgage loans held for sale are generally sold with servicing rights released; therefore, no servicing rights are recorded. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. Loans originated with the intent to hold and subsequently transferred to loans held for sale are carried at the lower of cost or fair value. These are loans that the Corporation no longer has the intent to hold for the foreseeable future.
Loans	Loans: Loans are considered past due when they are not paid in accordance with contractual terms. The accrual of income on loans, including impaired loans, is discontinued if, in the opinion of Management, principal or interest is not likely to be paid in accordance with the terms of the loan agreement, or when principal or interest is past due 90 six 120 The majority of the Company's loans are secured by real estate in the New Jersey and New York metropolitan area.
Allowance for Loan Losses	Allowance for Loan Losses: The allowance consists of specific and general components. The specific component of the allowance relates to loans that are individually classified as impaired. A loan is impaired when, based on 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 agreement. Factors considered by Management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. All loans are individually evaluated for impairment when loans are classified as substandard by Management. If a loan is considered impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan's existing rate or at the fair value of collateral less estimated disposition costs if repayment is expected solely from the collateral. If and when a residential mortgage is placed on nonaccrual status and in the process of collection, such as through a foreclosure action, then they are evaluated for impairment on an individual basis and the loan is reported, net, at the fair value of the collateral less estimated disposition costs. A troubled debt restructuring (“TDR”) is a renegotiated loan with concessions made by the lender to a borrower who is experiencing financial difficulty. TDRs are impaired and are measured at the present value of estimated future cash flows using the loan's effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral, less estimated disposition costs. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance covers non-impaired loans and is based primarily on the Bank's historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experience by the Company on a weighted average basis over the previous three 5 2.5 In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on Federal call report codes, which are based on collateral. The following portfolio classes have been identified: Primary Residential Mortgages Home Equity Lines of Credit Junior Lien Loan on Residence Multifamily and Commercial Real Estate Loans Commercial and Industrial Loans Commercial Construction Consumer and Other
Derivatives	Derivatives: Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. The Company offers Facility Specific/Loan Level Swaps to its customers and offsets its exposure from such contracts by entering into mirror image swaps with a financial institution/swap counterparty. The customer accommodations and any offsetting swaps are treated as non-hedging derivative instruments which do not qualify for hedge account (“standalone derivatives”). The notional amount of the swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual contracts. The fair value of the swaps is recorded as both an asset and a liability, in Other Assets and Other Liabilities, respectively, in equal amounts for these transactions.
Stock-Based Compensation	Stock-Based Compensation: one ten five For the three months ended June 30, 2015 and 2014, the Company recorded total compensation cost for stock options of $ 56 54 6 5 121 106 12 10 225 0.76 For the Company's stock option plans, changes in options outstanding during the six months ended June 30, 2015 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2015 345,189 $ 17.38 Granted during 2015 — — Exercised during 2015 (14,388 ) 12.60 Expired during 2015 (16,539 ) 18.24 Forfeited during 2015 (6,378 ) 13.99 Balance, June 30, 2015 307,884 17.60 4.80 $ 1,423 Vested and expected to vest (1) 293,532 17.82 4.80 $ 1,292 Exercisable at June 30, 2015 254,729 18.42 4.34 $ 104 (1) Does not include shares which are not expected to vest as a result of anticipated forfeitures. The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company's closing stock price on the last trading day of the first quarter of 2015 22.22 There were no stock options granted in the six months ended June 30, 2015. For the second quarter of 2014, the per share weighted-average fair value of stock options granted was $ 7.50 Three Months Six Months Ended Ended June 30, June 30, 2014 2014 Dividend Yield 1.05 % 1.02 % Expected volatility 40 % 40 % Expected life 7 7 Risk-free interest rate 2.26 % 2.18 % In the second quarter of 2015 13,147 three five three five As of June 30, 2015, there was $ 6.8 4.6 Changes in nonvested shares dependent on performance criteria for the six months ended June 30, 2015 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2015 92,767 $ 18.12 Granted during 2015 — — Vested during 2015 — — Forfeited during 2015 — — Balance, June 30, 2015 92,767 $ 18.12 Changes in nonvested shares not dependent on performance criteria for the six months ended June 30, 2015 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2015 252,328 $ 17.34 Granted during 2015 160,764 20.94 Vested during 2015 (66,827 ) 16.35 Forfeited during 2015 (2,124 ) 20.24 Balance, June 30, 2015 344,141 $ 19.20 For the three months ended June 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 623 440 For the six months ended June 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 1.1 721
Employee Stock Purchase Plan	Employee Stock Purchase Plan: 150,000 1 15 85 For the three months ended June 30, 2015, the Company recorded $ 24 7,571 51 15,459
Earnings per Common share - Basic and Diluted	Earnings per Common share – Basic and Diluted: Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2015 2014 2015 2014 Net income to common shareholders $ 5,238 $ 3,783 $ 10,246 $ 6,814 Basic weighted-average common shares outstanding 15,082,516 11,721,256 14,996,596 11,664,410 Plus: common stock equivalents 150,635 124,819 193,185 150,396 Diluted weighted-average common shares outstanding 15,233,151 11,846,075 15,189,781 11,814,806 Net income per common share Basic $ 0.34 $ 0.32 $ 0.68 $ 0.58 Diluted 0.34 0.32 0.67 0.58 Stock options totaling 114,198 132,140 254,767 151,674
Income Taxes	Income Taxes: The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in its financial statements or tax returns. The measurement of deferred tax assets and liabilities is based on the enacted tax rates. Such tax assets and liabilities are adjusted for the effect of a change in tax rates in the period of enactment. The Company recognizes a tax position as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company is no longer subject to examination by the U.S. Federal tax authorities for years prior to 2012 2010 The Company recognizes interest and/or penalties related to income tax matters in income tax expense.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Schedule of stock option plans, changes in options outstanding	Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2015 345,189 $ 17.38 Granted during 2015 — — Exercised during 2015 (14,388 ) 12.60 Expired during 2015 (16,539 ) 18.24 Forfeited during 2015 (6,378 ) 13.99 Balance, June 30, 2015 307,884 17.60 4.80 $ 1,423 Vested and expected to vest (1) 293,532 17.82 4.80 $ 1,292 Exercisable at June 30, 2015 254,729 18.42 4.34 $ 104 (1) Does not include shares which are not expected to vest as a result of anticipated forfeitures.
Schedule of weighted average assumption	Three Months Six Months Ended Ended June 30, June 30, 2014 2014 Dividend Yield 1.05 % 1.02 % Expected volatility 40 % 40 % Expected life 7 7 Risk-free interest rate 2.26 % 2.18 %
Schedule of changes in nonvested performance-based shares	Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2015 92,767 $ 18.12 Granted during 2015 — — Vested during 2015 — — Forfeited during 2015 — — Balance, June 30, 2015 92,767 $ 18.12
Schedule of changes in nonvested shares	Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2015 252,328 $ 17.34 Granted during 2015 160,764 20.94 Vested during 2015 (66,827 ) 16.35 Forfeited during 2015 (2,124 ) 20.24 Balance, June 30, 2015 344,141 $ 19.20
Schedule of calculation of basic and diluted earnings per share	Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2015 2014 2015 2014 Net income to common shareholders $ 5,238 $ 3,783 $ 10,246 $ 6,814 Basic weighted-average common shares outstanding 15,082,516 11,721,256 14,996,596 11,664,410 Plus: common stock equivalents 150,635 124,819 193,185 150,396 Diluted weighted-average common shares outstanding 15,233,151 11,846,075 15,189,781 11,814,806 Net income per common share Basic $ 0.34 $ 0.32 $ 0.68 $ 0.58 Diluted 0.34 0.32 0.67 0.58

INVESTMENT SECURITIES AVAILAB22

INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2015
INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]
Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale	June 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 4,830 $ 8 $ (16 ) $ 4,822 Mortgage-backed securities – residential 191,885 2,149 (196 ) 193,838 Small business administration pool securities 7,817 — (59 ) 7,758 State and political subdivisions 33,556 445 (1 ) 34,000 Single-issuer trust preferred security 2,999 — (464 ) 2,535 CRA investment 3,000 — (56 ) 2,944 Total $ 244,087 $ 2,602 $ (792 ) $ 245,897 December 31, 2014 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 35,664 $ 55 $ (49 ) $ 35,670 Mortgage-backed securities – residential 239,975 2,725 (411 ) 242,289 Small business administration pool securities 8,015 — (71 ) 7,944 State and political subdivisions 40,842 553 (1 ) 41,394 Single-issuer trust preferred security 2,999 — (599 ) 2,400 CRA investment 3,000 — (45 ) 2,955 Total $ 330,495 $ 3,333 $ (1,176 ) $ 332,652
Schedule of Continuous Unrealized Losses and the Approximate Fair Value of these Investments	June 30, 2015 Duration of Unrealized Loss Less Than 12 Months 12 Months or Longer Total Approximate Approximate Approximate Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses U.S. government Sponsored entities $ 2,977 $ (16 ) $ — $ — $ 2,977 $ (16 ) Mortgage-backed securities-residential 25,020 (86 ) 10,452 (110 ) 35,472 (196 ) Small business administration pool securities 7,758 (59 ) — — 7,758 (59 ) State and political subdivisions 498 (1 ) — — 498 (1 ) Single-issuer trust preferred security — — 2,535 (464 ) 2,535 (464 ) CRA investment fund — — 2,944 (56 ) 2,944 (56 ) Total $ 36,253 $ (162 ) $ 15,931 $ (630 ) $ 52,184 $ (792 ) December 31, 2014 Duration of Unrealized Loss Less Than 12 Months 12 Months or Longer Total Approximate Approximate Approximate Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses U.S. government sponsored entities $ 19,119 $ (20 ) $ 2,963 $ (29 ) $ 22,082 $ (49 ) Mortgage-backed securities-residential 65,368 (191 ) 20,428 (220 ) 85,796 (411 ) Small business administration pool securities 7,944 (71 ) — — 7,944 (71 ) State and political subdivisions 505 (1 ) — — 505 (1 ) Single-issuer trust Preferred security — — 2,400 (599 ) 2,400 (599 ) CRA investment fund — — 2,955 (45 ) 2,955 (45 ) Total $ 92,936 $ (283 ) $ 28,746 $ (893 ) $ 121,682 $ (1,176 )

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2015
LOANS [Abstract]
Schedule of composition of loans categorized by the type of loan	% of % of June 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Residential mortgage $ 470,863 17.17 % $ 466,760 20.74 % Multifamily mortgage 1,371,139 50.01 1,080,256 48.00 Commercial mortgage 375,440 13.69 308,491 13.71 Commercial loans 438,461 15.99 308,743 13.72 Construction loans 1,417 0.05 5,998 0.27 Home equity lines of credit 51,675 1.89 50,141 2.23 Consumer loans, including fixed rate home equity loans 29,996 1.09 28,040 1.25 Other loans 2,947 0.11 1,838 0.08 Total loans $ 2,741,938 100.00 % $ 2,250,267 100.00 % % of % of June 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Primary residential mortgage $ 482,765 17.62 % $ 480,149 21.37 % Home equity lines of credit 51,832 1.89 50,302 2.24 Junior lien loan on residence 11,049 0.40 11,808 0.52 Multifamily property 1,371,139 50.05 1,080,256 48.07 Owner-occupied commercial real estate 126,926 4.63 105,446 4.69 Investment commercial real estate 534,870 19.53 405,771 18.06 Commercial and industrial 128,475 4.69 81,362 3.62 Secured by farmland/agricultural production 183 0.01 364 0.02 Commercial construction loans 150 0.01 4,715 0.21 Consumer and other loans 32,058 1.17 27,084 1.20 Total loans $ 2,739,447 100.00 % $ 2,247,257 100.00 % Net deferred fees 2,491 3,010 Total loans including net deferred costs $ 2,741,938 $ 2,250,267
Schedule of loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses	June 30, 2015 Total Ending ALLL Total Ending ALLL Loans Attributable Loans Attributable Individually To Loans Collectively To Loans Evaluated Individually Evaluated Collectively Total For Evaluated for For Evaluated for Total Ending (In thousands) Impairment Impairment Impairment Impairment Loans ALL Primary residential mortgage $ 7,256 $ 255 $ 475,509 $ 2,154 $ 482,765 $ 2,409 Home equity lines of credit 207 — 51,625 113 51,832 113 Junior lien loan on residence 142 — 10,907 73 11,049 73 Multifamily property — — 1,371,139 8,623 1,371,139 8,623 Owner-occupied commercial real estate 1,319 — 125,607 2,286 126,926 2,286 Investment commercial real estate 11,637 677 523,233 7,102 534,870 7,779 Commercial and industrial 245 145 128,230 1,444 128,475 1,589 Secured by farmland and agricultural production — — 183 2 183 2 Commercial construction — — 150 2 150 2 Consumer and other — — 32,058 93 32,058 93 Total ALLL $ 20,806 $ 1,077 $ 2,718,641 $ 21,892 $ 2,739,447 $ 22,969 December 31, 2014 Total Ending ALLL Total Ending ALLL Loans Attributable Loans Attributable Individually To Loans Collectively To Loans Evaluated Individually Evaluated Collectively Total For Evaluated for For Evaluated for Total Ending (In thousands) Impairment Impairment Impairment Impairment Loans ALLL Primary residential mortgage $ 6,500 $ 317 $ 473,649 $ 2,606 $ 480,149 $ 2,923 Home equity lines of credit 210 — 50,092 156 50,302 156 Junior lien loan on residence 164 — 11,644 109 11,808 109 Multifamily Property — — 1,080,256 8,983 1,080,256 8,983 Owner-occupied Commercial real estate 1,674 — 103,772 1,547 105,446 1,547 Investment commercial real estate 11,653 489 394,118 4,262 405,771 4,751 Commercial and Industrial 248 149 81,114 731 81,362 880 Secured by farmland and agricultural production production — — 364 4 364 4 Commercial construction — — 4,715 31 4,715 31 Consumer and Other 2 2 27,082 94 27,084 96 Total ALLL $ 20,451 $ 957 $ 2,226,806 $ 18,523 $ 2,247,257 $ 19,480 The activity in the allowance for loan losses for the three months ended June 30, 2015 is summarized below: April 1, June 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,314 $ (68 ) $ 4 $ 159 $ 2,409 Home equity lines of credit 97 (10 ) 1 25 113 Junior lien loan on residence 71 — 10 (8 ) 73 Multifamily property 8,738 — — (115 ) 8,623 Owner-occupied commercial real estate 2,347 — — (61 ) 2,286 Investment commercial real estate 6,135 — 4 1,640 7,779 Commercial and industrial 1,011 (7 ) 21 564 1,589 Secured by farmland and agricultural production 3 — — (1 ) 2 Commercial construction 23 — — (21 ) 2 Consumer and other loans 77 (4 ) 2 18 93 Total ALLL $ 20,816 $ (89 ) $ 42 $ 2,200 $ 22,969 The activity in the allowance for loan losses for the six months ended June 30, 2015 is summarized below: January 1, June 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,923 $ (111 ) $ 70 $ (473 ) $ 2,409 Home equity lines of credit 156 (110 ) 1 66 113 Junior lien loan on residence 109 — 38 (74 ) 73 Multifamily property 8,983 — — (360 ) 8,623 Owner-occupied commercial real estate 1,547 — 11 728 2,286 Investment commercial real estate 4,751 — 10 3,018 7,779 Commercial and industrial 880 (7 ) 46 670 1,589 Secured by farmland 4 — — (2 ) 2 Commercial construction 31 — — (29 ) 2 Consumer and other loans 96 (21 ) 12 6 93 Total ALLL $ 19,480 $ (249 ) $ 188 $ 3,550 $ 22,969 The activity in the allowance for loan losses for the three months ended June 30, 2014 is summarized below: April 1, June 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,462 $ (25 ) $ — $ 565 $ 3,002 Home equity lines of credit 153 (24 ) — 47 176 Junior lien loan on residence 139 — 21 (12 ) 148 Multifamily property 5,630 — — 658 6,288 Owner-occupied commercial real estate 2,468 (572 ) 80 (137 ) 1,839 Investment commercial real estate 4,679 — 6 (88 ) 4,597 Agricultural production loans 2 — — — 2 Commercial and industrial 938 (38 ) 18 123 1,041 Secured by farmland and agricultural production 3 — — (1 ) 2 Commercial construction 44 — — (11 ) 33 Consumer and other loans 69 (1 ) 2 6 76 Total ALLL $ 16,587 $ (660 ) $ 127 $ 1,150 $ 17,204 The activity in the allowance for loan losses for the six months ended June 30, 2014 is summarized below: January 1, June 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,361 $ (45 ) $ — $ 686 $ 3,002 Home equity lines of credit 181 (24 ) — 19 176 Junior lien loan on residence 156 (1 ) 44 (51 ) 148 Multifamily property 4,003 — — 2,285 6,288 Owner-occupied commercial real estate 2,563 (644 ) 80 (160 ) 1,839 Investment commercial real estate 5,083 — 8 (494 ) 4,597 Agricultural productions loans — — — 2 2 Commercial and industrial 825 (96 ) 32 280 1,041 Secured by farmland 3 — — (1 ) 2 Commercial construction 120 — — (87 ) 33 Consumer and other loans 78 (3 ) 5 (4 ) 76 Total ALLL $ 15,373 $ (813 ) $ 169 $ 2,475 $ 17,204
Schedule of loans individually evaluated for impairment	June 30, 2015 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 6,782 $ 5,580 $ — $ 4,691 Owner-occupied commercial real estate 1,497 1,319 — 1,455 Investment commercial real estate 5,734 5,423 — 5,413 Commercial and industrial 178 99 — 148 Home equity lines of credit 209 207 — 193 Junior lien loan on residence 528 142 — 144 Consumer and other — — — 1 Total loans with no related allowance $ 14,928 $ 12,770 $ — $ 12,045 With related allowance recorded: Primary residential mortgage $ 1,781 $ 1,676 $ 255 $ 1,688 Investment commercial real estate 6,222 6,214 677 6,223 Commercial and industrial 179 146 145 147 Total loans with related allowance $ 8,182 $ 8,036 $ 1,077 $ 8,058 Total loans individually evaluated for impairment $ 23,110 $ 20,806 $ 1,077 $ 20,103 December 31, 2014 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 5,264 $ 4,635 $ — $ 3,543 Owner-occupied commercial real estate 1,809 1,674 — 2,626 Investment commercial real estate 5,423 5,423 — 5,512 Commercial and industrial 99 99 — 155 Home equity lines of credit 210 210 — 111 Junior lien loan on residence 293 164 — 224 Consumer and other — — — 14 Total loans with no related allowance $ 13,098 $ 12,205 $ — $ 12,185 With related allowance recorded: Primary residential mortgage $ 2,138 $ 1,865 $ 317 $ 1,361 Investment commercial real estate 6,230 6,230 489 5,927 Commercial and industrial 179 149 149 249 Consumer and other 2 2 2 — Total loans with related allowance $ 8,549 $ 8,246 $ 957 $ 7,537 Total loans individually evaluated for impairment $ 21,647 $ 20,451 $ 957 $ 19,722
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual	June 30, 2015 Loans Past Due Over 90 Days And Still Accruing (In thousands) Nonaccrual Interest Primary residential mortgage $ 4,773 $ — Home equity lines of credit 207 — Junior lien loan on residence 142 — Owner-occupied commercial real estate 1,319 — Investment commercial real estate 425 — Commercial and industrial 245 — Total $ 7,111 $ — December 31, 2014 Loans Past Due Over 90 Days And Still Accruing (In thousands) Nonaccrual Interest Primary residential mortgage $ 4,128 $ — Home equity lines of credit 210 — Junior lien loan on residence 164 — Owner-occupied commercial real estate 1,674 — Investment commercial real estate 424 — Commercial and industrial 248 — Consumer and other 2 — Total $ 6,850 $ —
Schedule of aging of past due loans	June 30, 2015 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 1,405 $ 89 $ — $ 1,494 Owner-occupied commercial real estate 230 — — 230 Commercial and industrial 20 — — 20 Total $ 1,655 $ 89 $ — $ 1,744 December 31, 2014 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 1,102 $ 403 $ — $ 1,505 Home equity lines of credit 99 — — 99 Owner-occupied commercial real estate 150 — — 150 Investment commercial real estate 1 — — 1 Total $ 1,352 $ 403 $ — $ 1,755
Schedule of the risk category of loans by class of loans	Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 473,756 $ 1,352 $ 7,657 $ — Home equity lines of credit 51,626 — 206 — Junior lien loan on residence 10,907 — 142 — Multifamily property 1,369,856 480 803 — Owner-occupied commercial real estate 121,508 334 5,084 — Investment commercial real estate 500,674 9,657 24,539 — Commercial and industrial 119,878 8,352 245 — Farmland 183 — — — Commercial construction — 150 — — Consumer and other loans 32,058 — — — Total $ 2,680,446 $ 20,325 $ 38,676 $ — As of December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 471,219 $ 1,366 $ 7,564 $ — Home equity lines of credit 50,092 — 210 — Junior lien loan on residence 11,644 — 164 — Multifamily property 1,078,944 490 822 — Owner-occupied commercial real estate 99,432 473 5,541 — Investment commercial real estate 372,865 11,648 21,258 — Commercial and industrial 81,093 21 248 — Farmland 189 — — — Agricultural production 175 — — — Commercial construction 4,565 150 — — Consumer and other loans 27,082 — 2 — Total $ 2,197,300 $ 14,148 $ 35,809 $ —
Schedule of loans modified as troubled debt restructurings	The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six month period ended June 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 225 $ 225 Owner-occupied commercial real estate 1 767 767 Total 3 $ 992 $ 992 The identification of the troubled debt restructure loans did not have a significant impact on the allowance for loan losses. The following table presents loans by class modified as troubled debt restructurings that occurred during the three month period ended June 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 414 $ 414 Investment commercial real estate 1 1,580 1,580 Total 2 $ 1,994 $ 1,994 The following table presents loans by class modified as troubled debt restructurings that occurred during the six month period ended June 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 607 $ 607 Investment commercial real estate 2 2,884 2,884 Total 4 $ 3,491 $ 3,491 The following table presents loans by class modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the three and six month period ended June 30, 2015: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 2 $ 532 Total 2 $ 532 There were no loans that were modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the three months ended June 30, 2014. The following table presents loans by class modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the six month period ended June 30, 2014: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 55 Total 1 $ 55

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2015
DEPOSITS [Abstract]
Schedule of deposit liabilities	2015 2014 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 386,588 14.51 % $ 366,371 15.94 % Interest-bearing checking 667,847 25.07 600,889 26.14 Savings 120,606 4.53 112,878 4.91 Money market 717,246 26.93 700,069 30.46 Certificates of deposit 384,235 14.42 198,819 8.65 2,276,522 85.46 1,979,026 86.09 Interest-bearing demand - Brokered 293,000 11.00 188,000 8.18 Certificates of deposit - Brokered 94,224 3.54 131,667 5.73 Total deposits $ 2,663,746 100.00 % $ 2,298,693 100.00 %
Schedule of maturities of time deposits	(In thousands) 2015 $ 49,950 2016 53,746 2017 84,338 2018 147,266 2019 56,524 Over 5 Years 86,635 Total $ 478,459

FEDERAL HOME LOAN BANK ADVANC25

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2015
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS [Abstract]
Schedule of maturity dates of the advances and other borrowings	(In thousands) 2015 $ — 2016 21,897 2017 23,897 2018 34,898 2019 3,000 Over 5 years — Total $ 83,692

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
BUSINESS SEGMENTS [Abstract]
Schedule of income and total assets for reportable segments	Three Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 19,351 $ 993 $ 20,344 Noninterest income 1,896 4,603 6,499 Total income 21,247 5,596 26,843 Provision for loan losses 2,200 — 2,200 Salaries and benefits 7,830 2,042 9,872 Premises and equipment expense 2,549 229 2,778 Other noninterest expense 2,461 1,155 3,616 Total noninterest expense 15,040 3,426 18,466 Income before income tax expense 6,207 2,170 8,377 Income tax expense 2,294 845 3,139 Net income $ 3,913 $ 1,325 $ 5,238 Three Months Ended June 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 15,938 $ 985 $ 16,923 Noninterest income 1,408 4,065 5,473 Total income 17,346 5,050 22,396 Provision for loan losses 1,150 — 1,150 Salaries and benefits 7,801 1,288 9,089 Premises and equipment expense 2,166 168 2,334 Other noninterest expense 2,383 1,124 3,507 Total noninterest expense 13,500 2,580 16,080 Income before income tax expense 3,846 2,470 6,316 Income tax expense 1,590 943 2,533 Net income $ 2,256 $ 1,527 $ 3,783 Six Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 37,921 $ 2,006 $ 39,927 Noninterest income 3,673 8,708 12,381 Total income 41,594 10,714 52,308 Provision for loan losses 3,550 — 3,550 Salaries and benefits 15,370 3,927 19,297 Premises and equipment expense 4,934 460 5,394 Other noninterest expense 4,956 2,387 7,343 Total noninterest expense 28,810 6,774 35,584 Income before income tax expense 12,784 3,940 16,724 Income tax expense 4,945 1,533 6,478 Net income $ 7,839 $ 2,407 $ 10,246 Total assets for period end $ 3,084,507 $ 33,663 $ 3,118,170 Six Months Ended June 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 30,526 $ 1,968 $ 32,494 Noninterest income 2,598 7,870 10,468 Total income 33,124 9,838 42,962 Provision for loan losses 2,475 — 2,475 Salaries and benefits 14,816 3,121 17,937 Premises and equipment expense 4,435 337 4,772 Other noninterest expense 4,236 2,324 6,560 Total noninterest expense 25,962 5,782 31,744 Income before income tax expense 7,162 4,056 11,218 Income tax expense 2,856 1,548 4,404 Net income $ 4,306 $ 2,508 $ 6,814 Total assets for period end $ 2,387,925 $ 13,046 $ 2,400,971

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2015
FAIR VALUE [Abstract]
Schedule of assets measured at fair value on a recurring basis	Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 4,822 $ — $ 4,822 $ — Mortgage-backed securities- residential 193,838 — 193,838 — SBA pool securities 7,758 — 7,758 — State and political subdivisions 34,000 — 34,000 — Single-Issuer Trust Preferred 2,535 — 2,535 — CRA investment fund 2,944 $ 2,944 — — Loans held for sale, at fair value 745 — 745 — Derivatives: Cash flow hedges 144 — 144 — Loan level swaps 480 — 480 — Total $ 247,266 $ 2,944 $ 244,322 $ — Liabilities: Derivatives: Cash flow hedges $ (674 ) $ — $ (674 ) $ — Loan level swaps (480 ) — (480 ) — Total $ (1,154 ) $ — $ (1,154 ) $ — Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable December 31, 31, Assets Inputs Inputs (In thousands) 2014 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 35,670 $ — $ 35,670 $ — Mortgage-backed securities- residential 242,289 — 242,289 — SBA pool securities 7,944 — 7,944 — State and political subdivisions 41,394 — 41,394 — Single-Issuer Trust Preferred 2,400 — 2,400 — CRA investment fund 2,955 2,955 — — Loans held for sale, at fair value 839 — 839 — Total $ 333,491 $ 2,955 $ 330,536 $ — Liabilities: Derivatives $ (169 ) $ — $ (169 ) $ —
Schedule of residential loans held for sale	(In thousands) June 30, 2015 December 31, 2014 Residential loans contractual balance $ 733 $ 826 Fair value adjustment 12 13 Total fair value of residential loans held for sale $ 745 $ 839
Schedule of assets measured at fair value on a non- recurring basis	Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant observable Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Primary residential mortgage $ 251 $ — $ — $ 251 OREO 580 — — 580 December 31, (In thousands) 2014 Assets: Impaired loans: Primary residential mortgage $ 543 $ — $ — $ 543 OREO 580 — — 580
Schedule of carrying amounts and estimated fair values of financial instruments	The carrying amounts and estimated fair values of financial instruments at June 30, 2015 are as follows: Fair Value Measurements at June 30, 2015 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 38,688 $ 38,188 $ 500 $ — $ 38,688 Securities available for sale 245,897 2,944 242,953 — 245,897 FHLB and FRB stock 15,590 — — — N/A Loans held for sale, at fair value 745 — 745 — 745 Loans, net of allowance for loan losses 2,718,969 — — 2,692,867 2,692,867 Accrued interest receivable 6,451 — 686 5,765 6,451 Cash flow hedge derivatives 144 — 144 — 144 Loan level swap derivatives 480 — 480 — 480 Financial liabilities Deposits $ 2,663,746 $ 2,185,287 $ 477,504 $ — $ 2,662,791 Overnight borrowings 87,500 — 87,500 — 87,500 Federal home loan bank advances 83,692 — 84,908 — 84,908 Accrued interest payable 806 99 707 — 806 Cash flow hedge derivatives 674 — 674 — 674 Loan level swap derivatives 480 — 480 — 480 The carrying amounts and estimated fair values of financial instruments at December 31, 2014 are as follows: Fair Value Measurements at December 31, 2014 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 31,207 $ 30,707 $ 500 $ — $ 31,207 Securities available for sale 332,652 2,955 329,697 — 332,652 FHLB and FRB stock 11,593 — — — N/A Loans held for sale, at fair value 839 — 839 — 839 Loans, net of allowance for loan losses 2,230,787 — — 2,213,604 2,213,604 Accrued interest receivable 5,371 — 924 4,447 5,371 Financial liabilities Deposits $ 2,298,693 $ 1,968,207 $ 329,579 $ — $ 2,297,786 Overnight borrowings 54,600 — 54,600 — 54,600 Federal home loan bank advances 83,692 — 84,677 — 84,677 Financial liabilities derivatives — — — — — Accrued interest payable 496 103 393 — 496 Derivatives 169 — 169 — 169

OTHER OPERATING EXPENSES (Table

OTHER OPERATING EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2015
OTHER OPERATING EXPENSES [Abstract]
Schedule of components of other operating expenses	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2015 2014 2015 2014 FDIC assessment $ 431 $ 303 $ 913 $ 579 Wealth management division other expense 512 453 1,133 999 Professional and legal fees 583 519 1,351 970 Loan expense 76 124 189 224 Provision for ORE losses — 300 — 400 Other operating expenses 2,014 1,808 3,757 3,388 Total other operating expenses $ 3,616 $ 3,507 $ 7,343 $ 6,560

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2015
OTHER COMPREHENSIVE INCOME [Abstract]
Schedule of accumulated other comprehensive income balances, net of tax	The following is a summary of the accumulated other comprehensive income balances, net of tax, for the six months ended June 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Six Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,321 $ 57 $ (262 ) $ (205 ) $ 1,116 Losses on cash flow hedges (100 ) (213 ) — (213 ) (313 ) Accumulated other comprehensive income, net of tax $ 1,221 $ (156 ) $ (262 ) $ (418 ) $ 803 Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Six Months Balance at Income Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 23 $ 1,522 $ (115 ) $ 1,407 $ 1,430 Accumulated other comprehensive income, net of tax $ 23 $ 1,522 $ (115 ) $ 1,407 $ 1,430 The following is a summary of the accumulated other comprehensive income balances, net of tax, for the three months ended June 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,926 $ (706 ) $ (104 ) $ (810 ) $ 1,116 Losses on cash flow hedges (687 ) 374 — 374 (313 ) Accumulated other comprehensive income, net of tax $ 1,239 $ (332 ) $ (104 ) $ (436 ) $ 803 Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Three Months Balance at Income Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 606 $ 875 $ (51 ) $ 824 $ 1,430 Accumulated other comprehensive income, net of tax $ 606 $ 875 $ (51 ) $ 824 $ 1,430
Schedule of the reclassifications out of accumulated other comprehensive income	Six Months Ended June 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 444 $ 177 Securities gains, net Income tax expense (182 ) (62 ) Income tax expense Total reclassifications, net of tax $ 262 $ 115 Three Months Ended June 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 176 $ 79 Securities gains, net Income tax expense (72 ) (28 ) Income tax expense Total reclassifications, net of tax $ 104 $ 51

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2015
DERIVATIVES [Abstract]
Schedule of Information about Derivatives	(In thousands) June 30, 2015 December 31, 2014 Notional amount $ 150,000 $ 25,000 Weighted average pay rate 1.66 % 1.81 % Weighted average receive rate 0.28 % 0.21 % Weighted average maturity 4.6 years 5.0 years Unrealized loss $ (530 ) $ (169 ) Number of contracts 7 1 (In thousands) June 30, 2015 Notional amount $ 27,320 Fair value $ 480 Weighted average pay rates 3.06 % Weighted average receive rates 1.42 % Weighted average maturity 16.3 years
Schedule of Net Gains/(Losses)	The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended June 30, 2015 (after tax): Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ 374 $ — $ — The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the six months ended June 30, 2015 (after tax): Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ (213 ) $ — $ —
Schedule of Notional Amount and Fair Value	June 30, 2015 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 150,000 $ (530 ) Total included in other liabilities $ 110,000 $ (674 ) Total included in other assets $ 40,000 $ 144 December 31, 2014 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 25,000 $ (169 ) Total included in other liabilities $ 25,000 $ (169 )

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative - Other) (Details) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)shares	Jun. 30, 2014shares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014shares
Threshold for determining nonaccrual status			90 days
Antidilutive securities	114,198	132,140	254,767	151,674
Cash dividends declared on common stock, per share | $ / shares			$ 0.10
Substandard [Member]
Loan reserve multiple	5		5
Special Mention [Member]
Loan reserve multiple	2.5		2.5
Consumer Loan [Member]
Threshold for determining nonaccrual status			120 days
Employee Stock [Member]
Number of share purchase rights authorized	150,000		150,000
Percentage of closing market price on purchase date			85.00%
Compensation cost | $	$ 24		$ 51
Issuance of shares for Employee Stock Purchase Plan, shares	7,571		15,459
Employee Stock [Member] | Minimum [Member]
Percentage of compensation contributable			1.00%
Employee Stock [Member] | Maximum [Member]
Percentage of compensation contributable			15.00%

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock-Based Compensation Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Closing stock price of common stock	$ 22.22		$ 22.22
Employee Stock Option [Member]
Option term			10 years
Vesting term			5 years
Unrecognized compensation cost	$ 225		$ 225
Weighted average period, unrecognized compensation expected to be recognized (in years)			9 months 4 days
Weighted-average fair value of stock options granted (in dollars per share)				$ 7.50
Total compensation cost	56	$ 54	$ 121	$ 106
Recognized tax benefit	6	5	12	10
Restricted stock [Member]
Unrecognized compensation cost	6,800		$ 6,800
Weighted average period, unrecognized compensation expected to be recognized (in years)			4 years 7 months 6 days
Total compensation cost	$ 623	$ 440	$ 1,100	$ 721
Restricted stock [Member] | Minimum [Member]
Vesting term			3 years
Restricted stock [Member] | Maximum [Member]
Vesting term			5 years

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Options Outstanding) (Details) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Number of Options
Balance	345,189
Granted
Exercised	(14,388)
Expired	(16,539)
Forfeited	(6,378)
Balance	307,884
Vested and expected to vest	293,532
Exercisable	254,729
Weighted Average Exercise Price
Balance	$ 17.38
Granted
Exercised	$ 12.60
Expired	18.24
Forfeited	13.99
Balance	17.60
Vested and expected to vest	17.82
Exercisable	$ 18.42
Weighted Average Remaining Contractual Term
Balance	4 years 9 months 18 days
Vested and Expected to Vest	4 years 9 months 18 days
Exercisable	4 years 4 months 2 days
Aggregate Intrinsic Value
Balance	$ 1,423
Vested and expected to vest	1,292
Exercisable	$ 104

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Weighted Average Assumptions) (Details) - Jun. 30, 2014	Total	Total
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Dividend Yield	1.05%	1.02%
Expected volatility	40.00%	40.00%
Expected life	7 years	7 years
Risk-free interest rate	2.26%	2.18%

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Restricted Common Shares) (Details) - Jun. 30, 2015 - $ / shares	Total	Total
Performance Shares [Member]
Number of Shares
Balance at Beginning		92,767
Granted
Vested
Forfeited
Balance at end	92,767	92,767
Weighted Average Grant Date Fair Value
Balance at Beginning		$ 18.12
Granted
Vested
Forfeited
Balance at end	$ 18.12	$ 18.12
Restricted stock [Member]
Number of Shares
Balance at Beginning		252,328
Granted	13,147	160,764
Vested		(66,827)
Forfeited		(2,124)
Balance at end	344,141	344,141
Weighted Average Grant Date Fair Value
Balance at Beginning		$ 17.34
Granted		20.94
Vested		16.35
Forfeited		20.24
Balance at end	$ 19.20	$ 19.20

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Net income available to common shareholders	$ 5,238	$ 3,783	$ 10,246	$ 6,814
Basic weighted average common shares outstanding (in shares)	15,082,516	11,721,256	14,996,596	11,664,410
Plus: common stock equivalents	150,635	124,819	193,185	150,396
Diluted weighted-average common shares outstanding	15,233,151	11,846,075	15,189,781	11,814,806
Net Income Per Common Share
Basic	$ 0.34	$ 0.32	$ 0.68	$ 0.58
Diluted	$ 0.34	$ 0.32	$ 0.67	$ 0.58

INVESTMENT SECURITIES AVAILAB37

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Amortized Cost and Approximate Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Amortized Cost	$ 244,087	$ 330,495
Gross Unrecognized Gains	2,602	3,333
Gross Unrecognized Losses	(792)	(1,176)
Fair Value	245,897	332,652
U.S. Government-Sponsored Entities [Member]
Amortized Cost	4,830	35,664
Gross Unrecognized Gains	8	55
Gross Unrecognized Losses	(16)	(49)
Fair Value	4,822	35,670
Mortgage-Backed Securities-Residential [Member]
Amortized Cost	191,885	239,975
Gross Unrecognized Gains	2,149	2,725
Gross Unrecognized Losses	(196)	(411)
Fair Value	193,838	242,289
SBA Pool Securities [Member]
Amortized Cost	$ 7,817	$ 8,015
Gross Unrecognized Gains
Gross Unrecognized Losses	$ (59)	$ (71)
Fair Value	7,758	7,944
State and Political Subdivisions [Member]
Amortized Cost	33,556	40,842
Gross Unrecognized Gains	445	553
Gross Unrecognized Losses	(1)	(1)
Fair Value	34,000	41,394
Single-Issuer Trust Preferred Security [Member]
Amortized Cost	$ 2,999	$ 2,999
Gross Unrecognized Gains
Gross Unrecognized Losses	$ (464)	$ (599)
Fair Value	2,535	2,400
CRA Investment Fund [Member]
Amortized Cost	$ 3,000	$ 3,000
Gross Unrecognized Gains
Gross Unrecognized Losses	$ (56)	$ (45)
Fair Value	$ 2,944	$ 2,955

INVESTMENT SECURITIES AVAILAB38

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Securities with Continuous Unrealized Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Approximate Fair Value
Less Than 12 Months	$ 36,253	$ 92,936
12 Months or Longer	15,931	28,746
Total	52,184	121,682
Unrealized Losses
Less Than 12 Months	(162)	(283)
12 Months or Longer	(630)	(893)
Total	(792)	(1,176)
U.S. Government-Sponsored Entities [Member]
Approximate Fair Value
Less Than 12 Months	$ 2,977	19,119
12 Months or Longer		2,963
Total	$ 2,977	22,082
Unrealized Losses
Less Than 12 Months	$ (16)	(20)
12 Months or Longer		(29)
Total	$ (16)	(49)
Mortgage-Backed Securities-Residential [Member]
Approximate Fair Value
Less Than 12 Months	25,020	65,368
12 Months or Longer	10,452	20,428
Total	35,472	85,796
Unrealized Losses
Less Than 12 Months	(86)	(191)
12 Months or Longer	(110)	(220)
Total	(196)	(411)
SBA Pool Securities [Member]
Approximate Fair Value
Less Than 12 Months	$ 7,758	$ 7,944
12 Months or Longer
Total	$ 7,758	$ 7,944
Unrealized Losses
Less Than 12 Months	$ (59)	$ (71)
12 Months or Longer
Total	$ (59)	$ (71)
State and Political Subdivisions [Member]
Approximate Fair Value
Less Than 12 Months	$ 498	$ 505
12 Months or Longer
Total	$ 498	$ 505
Unrealized Losses
Less Than 12 Months	$ (1)	$ (1)
12 Months or Longer
Total	$ (1)	$ (1)
Single-Issuer Trust Preferred Security [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	$ 2,535	$ 2,400
Total	$ 2,535	$ 2,400
Unrealized Losses
Less Than 12 Months
12 Months or Longer	$ (464)	$ (599)
Total	$ (464)	$ (599)
CRA Investment Fund [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	$ 2,944	$ 2,955
Total	$ 2,944	$ 2,955
Unrealized Losses
Less Than 12 Months
12 Months or Longer	$ (56)	$ (45)
Total	$ (56)	$ (45)

LOANS (Narrative) (Details)

LOANS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
LOANS [Abstract]
Impaired non-accrual loans	$ 7,111		$ 7,111		$ 6,850
Impaired non-accrual loans performing troubled debt restructured	13,700		13,700		13,600
Allowance allocated to troubled debt restructured loans	1,000		1,000		892
Allowance allocated to non accrual loans	159		159		204
Impaired loans	20,806		20,806		20,451
Troubled debt restructurings specific reserves to customers	$ 870		$ 870		$ 688
Gain on loans held for sale at lower of cost or fair value		$ 176		$ 176

LOANS (Schedule of Loans Outsta

LOANS (Schedule of Loans Outstanding, by Classification) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Total loans	$ 2,741,938	$ 2,250,267
Total loans (in percent)	100.00%	100.00%
Unallocated Financing Receivables [Member]
Total loans	$ 2,947	$ 1,838
Total loans (in percent)	0.11%	0.08%
Residential Mortgage [Member] | Residential Portfolio Segment [Member]
Total loans	$ 470,863	$ 466,760
Total loans (in percent)	17.17%	20.74%
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 1,371,139	$ 1,080,256
Total loans (in percent)	50.01%	48.00%
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 375,440	$ 308,491
Total loans (in percent)	13.69%	13.71%
Commercial Loans [Member] | Commercial Portfolio Segment [Member]
Total loans	$ 438,461	$ 308,743
Total loans (in percent)	15.99%	13.72%
Construction Loans [Member]
Total loans	$ 1,417	$ 5,998
Total loans (in percent)	0.05%	0.27%
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	$ 51,675	$ 50,141
Total loans (in percent)	1.89%	2.23%
Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other [Member]
Total loans	$ 29,996	$ 28,040
Total loans (in percent)	1.09%	1.25%

LOANS (Schedule of Loan Balance

LOANS (Schedule of Loan Balances by Portfolio Class) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Total loans	$ 2,739,447	$ 2,247,257
Net deferred fees	2,491	3,010
Total loans including net deferred costs	$ 2,741,938	$ 2,250,267
Total loans (in percent)	100.00%	100.00%
Commercial and Industrial Sector [Member]
Total loans	$ 128,475	$ 81,362
Total loans (in percent)	4.69%	3.62%
Agricultural Sector [Member]
Total loans	$ 183	$ 364
Total loans (in percent)	0.01%	0.02%
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	$ 11,049	$ 11,808
Total loans (in percent)	0.40%	0.52%
Consumer and Other [Member]
Total loans	$ 32,058	$ 27,084
Total loans (in percent)	1.17%	1.20%
Unallocated Financing Receivables [Member]
Total loans including net deferred costs	$ 2,947	$ 1,838
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total loans	$ 482,765	$ 480,149
Total loans (in percent)	17.62%	21.37%
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	$ 51,832	$ 50,302
Total loans including net deferred costs	$ 51,675	$ 50,141
Total loans (in percent)	1.89%	2.24%
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 1,371,139	$ 1,080,256
Total loans including net deferred costs	$ 1,371,139	$ 1,080,256
Total loans (in percent)	50.05%	48.07%
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 126,926	$ 105,446
Total loans (in percent)	4.63%	4.69%
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 534,870	$ 405,771
Total loans (in percent)	19.53%	18.06%
Construction Loans [Member]
Total loans including net deferred costs	$ 1,417	$ 5,998
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total loans	$ 150	$ 4,715
Total loans (in percent)	0.01%	0.21%

LOANS (Schedule of Balances by

LOANS (Schedule of Balances by Portfolio Class, Based on Impairment Method) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Total Loans Individually Evaluated for Impairment	$ 20,806		$ 20,451
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	1,077		957
Total Loans Collectively Evaluated for Impairment	2,718,641		2,226,806
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	21,892		18,523
Total Loans	2,739,447		2,247,257
Total Ending ALLL	22,969	$ 20,816	19,480	$ 17,204	$ 16,587	$ 15,373
Commercial and Industrial Sector [Member]
Total Loans Individually Evaluated for Impairment	245		248
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	145		149
Total Loans Collectively Evaluated for Impairment	128,230		81,114
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	1,444		731
Total Loans	128,475		81,362
Total Ending ALLL	$ 1,589	1,011	$ 880	1,041	938	825
Agricultural Sector [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 183		$ 364
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2		4
Total Loans	183		364
Total Ending ALLL	2	3	4
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans Individually Evaluated for Impairment	$ 142		$ 164
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 10,907		$ 11,644
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	73		109
Total Loans	11,049		11,808
Total Ending ALLL	$ 73	71	109	148	139	156
Consumer and Other [Member]
Total Loans Individually Evaluated for Impairment			2
Ending ALLL Attributable to Loans Individually Evaluated for Impairment			2
Total Loans Collectively Evaluated for Impairment	$ 32,058		27,082
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	93		94
Total Loans	32,058		27,084
Total Ending ALLL	93	77	96	76	69	78
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	7,256		6,500
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	255		317
Total Loans Collectively Evaluated for Impairment	475,509		473,649
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,154		2,606
Total Loans	482,765		480,149
Total Ending ALLL	2,409	2,314	2,923	3,002	2,462	2,361
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	$ 207		$ 210
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 51,625		$ 50,092
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	113		156
Total Loans	51,832		50,302
Total Ending ALLL	$ 113	97	$ 156	176	153	181
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 1,371,139		$ 1,080,256
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	8,623		8,983
Total Loans	1,371,139		1,080,256
Total Ending ALLL	8,623	8,738	8,983	6,288	5,630	4,003
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	$ 1,319		$ 1,674
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 125,607		$ 103,772
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,286		1,547
Total Loans	126,926		105,446
Total Ending ALLL	2,286	2,347	1,547	1,839	2,468	2,563
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	11,637		11,653
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	677		489
Total Loans Collectively Evaluated for Impairment	523,233		394,118
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	7,102		4,262
Total Loans	534,870		405,771
Total Ending ALLL	$ 7,779	6,135	$ 4,751	4,597	4,679	$ 5,083
Agricultural Production Loans [Member] | Agricultural Sector [Member]
Total Ending ALLL				2	2
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 150		$ 4,715
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2		31
Total Loans	150		4,715
Total Ending ALLL	$ 2	$ 23	$ 31	$ 33	$ 44	$ 120

LOANS (Schedule of Schedule of

LOANS (Schedule of Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Unpaid Principal Balance
With no related allowance recorded	$ 14,928	$ 13,098
With related allowance recorded	8,182	8,549
Total loans individually evaluated impairment	23,110	21,647
Recorded Investment
With no related allowance recorded	12,770	12,205
With related allowance recorded	8,036	8,246
Total loans individually evaluated impairment	20,806	20,451
Specific Reserves	1,077	957
Average Impaired Loans
With no related allowance recorded	12,045	12,185
With related allowance recorded	8,058	7,537
Total loans individually evaluated impairment	20,103	19,722
Commercial and Industrial Sector [Member]
Unpaid Principal Balance
With no related allowance recorded	178	99
With related allowance recorded	179	179
Recorded Investment
With no related allowance recorded	99	99
With related allowance recorded	146	149
Specific Reserves	145	149
Average Impaired Loans
With no related allowance recorded	148	155
With related allowance recorded	147	249
Residential Portfolio Segment [Member] | Junior Lien [Member]
Unpaid Principal Balance
With no related allowance recorded	528	293
Recorded Investment
With no related allowance recorded	142	164
Average Impaired Loans
With no related allowance recorded	$ 144	$ 224
Consumer and Other [Member]
Unpaid Principal Balance
With no related allowance recorded
With related allowance recorded		$ 2
Recorded Investment
With no related allowance recorded
With related allowance recorded		$ 2
Specific Reserves		2
Average Impaired Loans
With no related allowance recorded	$ 1	$ 14
With related allowance recorded
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	6,782	$ 5,264
With related allowance recorded	1,781	2,138
Recorded Investment
With no related allowance recorded	5,580	4,635
With related allowance recorded	1,676	1,865
Specific Reserves	255	317
Average Impaired Loans
With no related allowance recorded	4,691	3,543
With related allowance recorded	1,688	1,361
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	209	210
Recorded Investment
With no related allowance recorded	207	210
Average Impaired Loans
With no related allowance recorded	193	111
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	1,497	1,809
Recorded Investment
With no related allowance recorded	1,319	1,674
Average Impaired Loans
With no related allowance recorded	1,455	2,626
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	5,734	5,423
With related allowance recorded	6,222	6,230
Recorded Investment
With no related allowance recorded	5,423	5,423
With related allowance recorded	6,214	6,230
Specific Reserves	677	489
Average Impaired Loans
With no related allowance recorded	5,413	5,512
With related allowance recorded	$ 6,223	$ 5,927

LOANS (Schedule of Investment i

LOANS (Schedule of Investment in Nonaccrual and Loans Past Due Over 90 Days) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Impaired non-accrual loans	$ 7,111	$ 6,850
Loans Past Due Over 90 Days And Still Accruing Interest
Commercial and Industrial Sector [Member]
Impaired non-accrual loans	$ 245	$ 248
Loans Past Due Over 90 Days And Still Accruing Interest
Residential Portfolio Segment [Member] | Junior Lien [Member]
Impaired non-accrual loans	$ 142	$ 164
Loans Past Due Over 90 Days And Still Accruing Interest
Consumer and Other [Member]
Impaired non-accrual loans		$ 2
Loans Past Due Over 90 Days And Still Accruing Interest
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Impaired non-accrual loans	$ 4,773	$ 4,128
Loans Past Due Over 90 Days And Still Accruing Interest
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Impaired non-accrual loans	$ 207	$ 210
Loans Past Due Over 90 Days And Still Accruing Interest
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired non-accrual loans	$ 1,319	$ 1,674
Loans Past Due Over 90 Days And Still Accruing Interest
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired non-accrual loans	$ 425	$ 424
Loans Past Due Over 90 Days And Still Accruing Interest

LOANS (Schedule of Schedule o45

LOANS (Schedule of Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Total Past Due	$ 1,744	$ 1,755
30 to 59 Days Past Due [Member]
Total Past Due	1,655	1,352
60 to 89 Days Past Due [Member]
Total Past Due	$ 89	$ 403
Greater Than 90 Days Past Due [Member]
Total Past Due
Commercial and Industrial Sector [Member]
Total Past Due	$ 20
Commercial and Industrial Sector [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 20
Commercial and Industrial Sector [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Commercial and Industrial Sector [Member] | Greater Than 90 Days Past Due [Member]
Total Past Due
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Past Due	$ 1,494	$ 1,505
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	1,405	1,102
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	$ 89	$ 403
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Greater Than 90 Days Past Due [Member]
Total Past Due
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Past Due		$ 99
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		$ 99
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Greater Than 90 Days Past Due [Member]
Total Past Due
Owner Occupied Property [Member] | Commercial and Industrial Sector [Member]
Total Past Due	$ 230
Owner Occupied Property [Member] | Commercial and Industrial Sector [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 230
Owner Occupied Property [Member] | Commercial and Industrial Sector [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Owner Occupied Property [Member] | Commercial and Industrial Sector [Member] | Greater Than 90 Days Past Due [Member]
Total Past Due
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Past Due		$ 150
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		$ 150
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Greater Than 90 Days Past Due [Member]
Total Past Due
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Past Due		$ 1
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		$ 1
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Greater Than 90 Days Past Due [Member]
Total Past Due

LOANS (Schedule of Schedule o46

LOANS (Schedule of Schedule of Risk Category of Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Total Loans	$ 2,739,447	$ 2,247,257
Pass [Member]
Total Loans	2,680,446	2,197,300
Special Mention [Member]
Total Loans	20,325	14,148
Substandard [Member]
Total Loans	$ 38,676	$ 35,809
Doubtful [Member]
Total Loans
Commercial and Industrial Sector [Member]
Total Loans	$ 128,475	$ 81,362
Commercial and Industrial Sector [Member] | Pass [Member]
Total Loans	119,878	81,093
Commercial and Industrial Sector [Member] | Special Mention [Member]
Total Loans	8,352	21
Commercial and Industrial Sector [Member] | Substandard [Member]
Total Loans	$ 245	$ 248
Commercial and Industrial Sector [Member] | Doubtful [Member]
Total Loans
Agricultural Sector [Member]
Total Loans	$ 183	$ 364
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans	11,049	11,808
Residential Portfolio Segment [Member] | Junior Lien [Member] | Pass [Member]
Total Loans	$ 10,907	$ 11,644
Residential Portfolio Segment [Member] | Junior Lien [Member] | Special Mention [Member]
Total Loans
Residential Portfolio Segment [Member] | Junior Lien [Member] | Substandard [Member]
Total Loans	$ 142	$ 164
Residential Portfolio Segment [Member] | Junior Lien [Member] | Doubtful [Member]
Total Loans
Consumer and Other [Member]
Total Loans	$ 32,058	$ 27,084
Consumer and Other [Member] | Pass [Member]
Total Loans	$ 32,058	$ 27,082
Consumer and Other [Member] | Special Mention [Member]
Total Loans
Consumer and Other [Member] | Substandard [Member]
Total Loans		$ 2
Consumer and Other [Member] | Doubtful [Member]
Total Loans
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans	$ 482,765	$ 480,149
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Total Loans	473,756	471,219
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Total Loans	1,352	1,366
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 7,657	$ 7,564
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Total Loans
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans	$ 51,832	$ 50,302
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Total Loans	$ 51,626	$ 50,092
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Total Loans
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 206	$ 210
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Total Loans
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	$ 1,371,139	$ 1,080,256
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Total Loans	1,369,856	1,078,944
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Total Loans	480	490
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 803	$ 822
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Total Loans
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	$ 126,926	$ 105,446
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Total Loans	121,508	99,432
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Total Loans	334	473
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 5,084	$ 5,541
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Total Loans
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	$ 534,870	$ 405,771
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Total Loans	500,674	372,865
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Total Loans	9,657	11,648
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 24,539	$ 21,258
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Total Loans
Secured by farmland [Member] | Agricultural Sector [Member] | Pass [Member]
Total Loans	$ 183	$ 189
Secured by farmland [Member] | Agricultural Sector [Member] | Special Mention [Member]
Total Loans
Secured by farmland [Member] | Agricultural Sector [Member] | Substandard [Member]
Total Loans
Secured by farmland [Member] | Agricultural Sector [Member] | Doubtful [Member]
Total Loans
Agricultural Production Loans [Member] | Agricultural Sector [Member] | Pass [Member]
Total Loans		$ 175
Agricultural Production Loans [Member] | Agricultural Sector [Member] | Special Mention [Member]
Total Loans
Agricultural Production Loans [Member] | Agricultural Sector [Member] | Substandard [Member]
Total Loans
Agricultural Production Loans [Member] | Agricultural Sector [Member] | Doubtful [Member]
Total Loans
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total Loans	$ 150	$ 4,715
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Pass [Member]
Total Loans		4,565
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Special Mention [Member]
Total Loans	$ 150	$ 150
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Total Loans
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Doubtful [Member]
Total Loans

LOANS (Schedule of Activity in

LOANS (Schedule of Activity in Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Allowance for loan losses
Beginning ALLL	$ 20,816	$ 16,587	$ 19,480	$ 15,373
Charge-Offs	(89)	(660)	(249)	(813)
Recoveries	42	127	188	169
Provision (Credit)	2,200	1,150	3,550	2,475
Ending ALLL	22,969	17,204	22,969	17,204
Commercial and Industrial Sector [Member]
Allowance for loan losses
Beginning ALLL	1,011	938	880	825
Charge-Offs	(7)	(38)	(7)	(96)
Recoveries	21	18	46	32
Provision (Credit)	564	123	670	280
Ending ALLL	1,589	1,041	1,589	1,041
Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL	$ 3		$ 4
Charge-Offs
Recoveries
Provision (Credit)	$ (1)		$ (2)
Ending ALLL	2		2
Agricultural Sector [Member] | Secured by farmland [Member]
Allowance for loan losses
Beginning ALLL		$ 3		$ 3
Charge-Offs
Recoveries
Provision (Credit)		$ (1)		$ (1)
Ending ALLL		2		2
Residential Portfolio Segment [Member] | Junior Lien [Member]
Allowance for loan losses
Beginning ALLL	$ 71	$ 139	$ 109	156
Charge-Offs				(1)
Recoveries	$ 10	$ 21	$ 38	44
Provision (Credit)	(8)	(12)	(74)	(51)
Ending ALLL	73	148	73	148
Consumer and Other [Member]
Allowance for loan losses
Beginning ALLL	77	69	96	78
Charge-Offs	(4)	(1)	(21)	(3)
Recoveries	2	2	12	5
Provision (Credit)	18	6	6	(4)
Ending ALLL	93	76	93	76
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	2,314	2,462	2,923	2,361
Charge-Offs	(68)	$ (25)	(111)	$ (45)
Recoveries	4		70
Provision (Credit)	159	$ 565	(473)	$ 686
Ending ALLL	2,409	3,002	2,409	3,002
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	97	153	156	181
Charge-Offs	(10)	$ (24)	(110)	$ (24)
Recoveries	1		1
Provision (Credit)	25	$ 47	66	$ 19
Ending ALLL	113	176	113	176
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 8,738	$ 5,630	$ 8,983	$ 4,003
Charge-Offs
Recoveries
Provision (Credit)	$ (115)	$ 658	$ (360)	$ 2,285
Ending ALLL	8,623	6,288	8,623	6,288
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 2,347	2,468	$ 1,547	2,563
Charge-Offs		(572)		(644)
Recoveries		80	$ 11	80
Provision (Credit)	$ (61)	(137)	728	(160)
Ending ALLL	2,286	1,839	2,286	1,839
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 6,135	$ 4,679	$ 4,751	$ 5,083
Charge-Offs
Recoveries	$ 4	$ 6	$ 10	$ 8
Provision (Credit)	1,640	(88)	3,018	(494)
Ending ALLL	7,779	4,597	7,779	$ 4,597
Agricultural Production Loans [Member] | Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL		$ 2
Charge-Offs
Recoveries
Provision (Credit)				$ 2
Ending ALLL		$ 2		2
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 23	$ 44	$ 31	$ 120
Charge-Offs
Recoveries
Provision (Credit)	$ (21)	$ (11)	$ (29)	$ (87)
Ending ALLL	$ 2	$ 33	$ 2	$ 33

LOANS (Schedule of Loans Modifi

LOANS (Schedule of Loans Modified as Troubled Debt Restructurings) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)N	Jun. 30, 2014USD ($)N	Jun. 30, 2015USD ($)N	Jun. 30, 2014USD ($)N
Number of Contracts | N	3	2	3	4
Pre-Modification Outstanding Recorded Investment	$ 992	$ 1,994	$ 992	$ 3,491
Post-Modification Outstanding Recorded Investment	$ 992	$ 1,994	$ 992	$ 3,491
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Number of Contracts | N	2	1	2	2
Pre-Modification Outstanding Recorded Investment	$ 225	$ 414	$ 225	$ 607
Post-Modification Outstanding Recorded Investment	$ 225	$ 414	$ 225	$ 607
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts | N	1		1
Pre-Modification Outstanding Recorded Investment	$ 767		$ 767
Post-Modification Outstanding Recorded Investment	$ 767		$ 767
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts | N		1		2
Pre-Modification Outstanding Recorded Investment		$ 1,580		$ 2,884
Post-Modification Outstanding Recorded Investment		$ 1,580		$ 2,884

LOANS (Schedule of Modified as

LOANS (Schedule of Modified as Troubled Debt Restructurings Subsequently Defaulted) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015USD ($)N	Jun. 30, 2015USD ($)N	Jun. 30, 2014USD ($)N
Number of Subsequently Defaulted Contracts	2	2	1
Subsequently Defaulted Recorded Investment | $	$ 532	$ 532	$ 55
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Number of Subsequently Defaulted Contracts	2	2	1
Subsequently Defaulted Recorded Investment | $	$ 532	$ 532	$ 55

DEPOSITS (Details of Total Depo

DEPOSITS (Details of Total Deposits) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
DEPOSITS [Abstract]
Time deposits over $250,000	$ 82,200		$ 18,200
Deposits:
Noninterest-bearing demand deposits	386,588	$ 366,371
Interest-bearing deposits checking	667,847	600,889
Savings	120,606	112,878
Money market	717,246	700,069
Certificates of deposit - Retail	384,235	198,819
Sub-total	2,276,522	1,979,026
Interest-bearing demand - Brokered	293,000	188,000
Certificates of deposit - Brokered	94,224	131,667
Total deposits	$ 2,663,746	$ 2,298,693
%
Noninterest-bearing demand deposits	14.51%	15.94%
Interest-bearing checking	25.07%	26.14%
Savings	4.53%	4.91%
Money market	26.93%	30.46%
Certificates of deposit	14.42%	8.65%
Sub-total	85.46%	86.09%
Interest-bearing demand - Brokered	11.00%	8.18%
Certificates of deposit - Brokered	3.54%	5.73%
Total deposits	100.00%	100.00%

DEPOSITS (Scheduled Maturities

DEPOSITS (Scheduled Maturities of Time Deposits) (Details) $ in Thousands	Jun. 30, 2015USD ($)
Scheduled maturities of time deposits
2,015	$ 49,950
2,016	53,746
2,017	84,338
2,018	147,266
2,019	56,524
Over 5 Years	86,635
Total	$ 478,459

FEDERAL HOME LOAN BANK ADVANC52

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS [Abstract]
Advances from Federal Home Loan Banks	$ 83,692	$ 83,700
Federal Home Loan Bank advances, weighted average interest rate (in percent)	1.78%	1.78%
Advances with fixed maturity dates	$ 71,700
Weighted average interest rate on fixed maturity advances	1.57%
Residential mortgages pledged as collateral for advances	$ 396,200
Multifamily mortgage loans pledged as collateral for advances	1,010,000
Callable variable rate advances	$ 12,000
Weighted average interest rate on variable advances (in percent)	3.01%
Investment pledges against advances	$ 14,900
Overnight borrowings of debt	$ 87,500	$ 54,600

FEDERAL HOME LOAN BANK ADVANC53

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Schedule of Maturities) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Federal Home Loan Bank Advances Maturities Summary
2,015
2,016	$ 21,897
2,017	23,897
2,018	34,898
2,019	$ 3,000
Over 5 years
Total	$ 83,692	$ 83,700

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)segments	Jun. 30, 2014USD ($)
Number of Operating Segments | segments			2
Net interest income	$ 20,344	$ 16,923	$ 39,927	$ 32,494
Noninterest income	6,499	5,473	12,381	10,468
Total income	26,843	22,396	52,308	42,962
Provision for loan losses	2,200	1,150	3,550	2,475
Salaries and benefits	9,872	9,089	19,297	17,937
Premises and equipment	2,778	2,334	5,394	4,772
Other noninterest expense	3,616	3,507	7,343	6,560
Total noninterest expense	18,466	16,080	35,584	31,744
INCOME BEFORE INCOME TAX EXPENSE	8,377	6,316	16,724	11,218
Income tax expense	3,139	2,533	6,478	4,404
NET INCOME	5,238	3,783	10,246	6,814
Total assets at period end	3,118,170	2,400,971	3,118,170	2,400,971
Banking [Member]
Net interest income	19,351	15,938	37,921	30,526
Noninterest income	1,896	1,408	3,673	2,598
Total income	21,247	17,346	41,594	33,124
Provision for loan losses	2,200	1,150	3,550	2,475
Salaries and benefits	7,830	7,801	15,370	14,816
Premises and equipment	2,549	2,166	4,934	4,435
Other noninterest expense	2,461	2,383	4,956	4,236
Total noninterest expense	15,040	13,500	28,810	25,962
INCOME BEFORE INCOME TAX EXPENSE	6,207	3,846	12,784	7,162
Income tax expense	2,294	1,590	4,945	2,856
NET INCOME	3,913	2,256	7,839	4,306
Total assets at period end	3,084,507	2,387,925	3,084,507	2,387,925
Wealth Management Division [Member]
Net interest income	993	985	2,006	1,968
Noninterest income	4,603	4,065	8,708	7,870
Total income	$ 5,596	$ 5,050	$ 10,714	$ 9,838
Provision for loan losses
Salaries and benefits	$ 2,042	$ 1,288	$ 3,927	$ 3,121
Premises and equipment	229	168	460	337
Other noninterest expense	1,155	1,124	2,387	2,324
Total noninterest expense	3,426	2,580	6,774	5,782
INCOME BEFORE INCOME TAX EXPENSE	2,170	2,470	3,940	4,056
Income tax expense	845	943	1,533	1,548
NET INCOME	1,325	1,527	2,407	2,508
Total assets at period end	$ 33,663	$ 13,046	$ 33,663	$ 13,046

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
FAIR VALUE [Abstract]
Loans held for sale, at fair value	$ 745		$ 745		$ 839
Impaired collateral loans recorded investment	299		299		648
Impaired collateral loans valuation allowance	$ 48		$ 48		$ 105
Provision for ORE losses		$ 300		$ 400
Loans Receivable [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate			15.00%
Age of appraisal			12 months

FAIR VALUE (Schedule of Assets

FAIR VALUE (Schedule of Assets Measured on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Securities available for sale	$ 245,897	$ 332,652
Loans held for sale, at fair value	745	839
U.S. Government-Sponsored Entities [Member]
Securities available for sale	4,822	35,670
Mortgage-Backed Securities-Residential [Member]
Securities available for sale	193,838	242,289
SBA Pool Securities [Member]
Securities available for sale	7,758	7,944
State and Political Subdivisions [Member]
Securities available for sale	34,000	41,394
Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,535	2,400
CRA Investment Fund [Member]
Securities available for sale	2,944	2,955
Recurring Basis [Member]
Loans held for sale, at fair value	745	839
Total	247,266	333,491
Derivatives	(1,154)	(169)
Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives	144
Derivatives	(674)
Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	480
Derivatives	(480)
Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	4,822	35,670
Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	193,838	242,289
Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale	7,758	7,944
Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale	34,000	41,394
Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,535	2,400
Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale	$ 2,944	$ 2,955
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Loans held for sale, at fair value
Total	$ 2,944	$ 2,955
Derivatives
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Designated as Hedging Instrument [Member]
Derivatives
Derivatives
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Not Designated as Hedging Instrument [Member]
Derivatives
Derivatives
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | SBA Pool Securities [Member]
Securities available for sale
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | State and Political Subdivisions [Member]
Securities available for sale
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | CRA Investment Fund [Member]
Securities available for sale	$ 2,944	$ 2,955
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Loans held for sale, at fair value	745	839
Total	244,322	330,536
Derivatives	(1,154)	(169)
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Designated as Hedging Instrument [Member]
Derivatives	144
Derivatives	(674)
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	480
Derivatives	(480)
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	4,822	35,670
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	193,838	242,289
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | SBA Pool Securities [Member]
Securities available for sale	7,758	7,944
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | State and Political Subdivisions [Member]
Securities available for sale	34,000	41,394
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	$ 2,535	$ 2,400
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | CRA Investment Fund [Member]
Securities available for sale
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member]
Loans held for sale, at fair value
Total
Derivatives
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Designated as Hedging Instrument [Member]
Derivatives
Derivatives
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Not Designated as Hedging Instrument [Member]
Derivatives
Derivatives
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | SBA Pool Securities [Member]
Securities available for sale
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | State and Political Subdivisions [Member]
Securities available for sale
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | CRA Investment Fund [Member]
Securities available for sale

FAIR VALUE (Schedule of Residen

FAIR VALUE (Schedule of Residential Loans Held for Sale, at Fair Value) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
FAIR VALUE [Abstract]
Residential loans contractual balance	$ 733	$ 826
Fair value adjustment	12	13
Total fair value of residential loans held for sale	$ 745	$ 839

FAIR VALUE (Schedule of Asset58

FAIR VALUE (Schedule of Assets Measured on a Non-Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
OREO	$ 956	$ 1,324
Non-Recurring Basis [Member] | Fair value [Member]
OREO	580	580
Non-Recurring Basis [Member] | Fair value [Member] | Impaired Loans [Member]
Primary Residential Mortgage	$ 251	$ 543
Non-Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
OREO
Non-Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Impaired Loans [Member]
Primary Residential Mortgage
Non-Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
OREO
Non-Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Impaired Loans [Member]
Primary Residential Mortgage
Non-Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member]
OREO	$ 580	$ 580
Non-Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member]
Primary Residential Mortgage	$ 251	$ 543

FAIR VALUE (Schedule of Financi

FAIR VALUE (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financial Assets:
Securities available for sale	$ 245,897	$ 332,652
FHLB and FRB Stock	15,590	11,593
Loans held for sale, at fair value	745	839
Accrued interest receivable	6,451	5,371
Financial Liabilities:
Federal home loan bank advances	83,692	83,700
Carrying Value [Member]
Financial Assets:
Cash and cash equivalents	38,688	31,207
Securities available for sale	245,897	332,652
FHLB and FRB Stock	15,590	11,593
Loans held for sale, at fair value	745	839
Loans, net of allowance for loan losses	2,718,969	2,230,787
Accrued interest receivable	6,451	5,371
Financial Liabilities:
Deposits	2,663,746	2,298,693
Overnight borrowings	87,500	54,600
Federal home loan bank advances	83,692	83,692
Accrued interest payable	806	496
Derivatives		169
Carrying Value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	144
Financial Liabilities:
Derivatives	674
Carrying Value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	480
Financial Liabilities:
Derivatives	480
Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	38,188	30,707
Securities available for sale	$ 2,944	$ 2,955
FHLB and FRB Stock
Loans held for sale, at fair value
Loans, net of allowance for loan losses
Accrued interest receivable
Financial Liabilities:
Deposits	$ 2,185,287	$ 1,968,207
Overnight borrowings
Federal home loan bank advances
Accrued interest payable	$ 99	$ 103
Derivatives
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Cash and cash equivalents	$ 500	$ 500
Securities available for sale	$ 242,953	329,697
FHLB and FRB Stock
Loans held for sale, at fair value	$ 745	839
Loans, net of allowance for loan losses
Accrued interest receivable	$ 686	924
Financial Liabilities:
Deposits	477,504	329,579
Overnight borrowings	87,500	54,600
Federal home loan bank advances	84,908	84,677
Accrued interest payable	707	393
Derivatives		$ 169
Significant Other Observable Inputs (Level 2) [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	144
Financial Liabilities:
Derivatives	674
Significant Other Observable Inputs (Level 2) [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	480
Financial Liabilities:
Derivatives	$ 480
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Cash and cash equivalents
Securities available for sale
FHLB and FRB Stock
Loans held for sale, at fair value
Loans, net of allowance for loan losses	$ 2,692,867	$ 2,213,604
Accrued interest receivable	$ 5,765	$ 4,447
Financial Liabilities:
Deposits
Overnight borrowings
Federal home loan bank advances
Accrued interest payable
Derivatives
Significant Unobservable Inputs (Level 3) [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Significant Unobservable Inputs (Level 3) [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Fair value [Member]
Financial Assets:
Cash and cash equivalents	$ 38,688	$ 31,207
Securities available for sale	245,897	$ 332,652
FHLB and FRB Stock
Loans held for sale, at fair value	745	$ 839
Loans, net of allowance for loan losses	2,692,867	2,213,604
Accrued interest receivable	6,451	5,371
Financial Liabilities:
Deposits	2,662,791	2,297,786
Overnight borrowings	87,500	54,600
Federal home loan bank advances	84,908	84,677
Accrued interest payable	806	496
Derivatives		$ 169
Fair value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	144
Financial Liabilities:
Derivatives	674
Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	480
Financial Liabilities:
Derivatives	$ 480

OTHER OPERATING EXPENSES (Detai

OTHER OPERATING EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other operating expenses
FDIC assessment	$ 431	$ 303	$ 913	$ 579
Wealth management division other expense	512	453	1,133	999
Professional and legal fees	583	519	1,351	970
Loan expense	$ 76	124	$ 189	224
Provision for ORE losses		300		400
Other operating expenses	$ 2,014	1,808	$ 3,757	3,388
Total other operating expenses	$ 3,616	$ 3,507	$ 7,343	$ 6,560

OTHER COMPREHENSIVE INCOME (Sch

OTHER COMPREHENSIVE INCOME (Schedule of accumulated Other Comprehensive Income Balances, Net of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			$ 242,267
Total other comprehensive (loss)/income	$ (436)	$ 824	(418)	$ 1,407
Balance	257,876		257,876
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			1,321	23
Other Comprehensive Income/(Loss) Before Reclassifications	(706)	875	57	1,522
Amount Reclassified From Accumulated Other Comprehensive (Income)	(104)	(51)	(262)	(115)
Total other comprehensive (loss)/income	(810)	824	(205)	1,407
Balance	1,116	1,430	1,116	1,430
Losses on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			(100)
Other Comprehensive Income/(Loss) Before Reclassifications	$ 374		$ (213)
Amount Reclassified From Accumulated Other Comprehensive (Income)
Total other comprehensive (loss)/income	$ 374		$ (213)
Balance	(313)		(313)
Accumulated Other Comprehensive Income/(Loss), Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			1,221	23
Other Comprehensive Income/(Loss) Before Reclassifications	(332)	875	(156)	1,522
Amount Reclassified From Accumulated Other Comprehensive (Income)	(104)	(51)	(262)	(115)
Total other comprehensive (loss)/income	(436)	824	(418)	1,407
Balance	$ 803	$ 1,430	$ 803	$ 1,430

OTHER COMPREHENSIVE INCOME (S62

OTHER COMPREHENSIVE INCOME (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Securities gains, net	$ 176	$ 79	$ 444	$ 177
Interest expense	3,508	1,707	6,286	3,085
Income tax expense	(3,139)	(2,533)	(6,478)	(4,404)
Net income	5,238	3,783	10,246	6,814
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	(72)	(28)	(182)	(62)
Net income	104	51	262	115
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Securities gains, net	$ 176	$ 79	$ 444	$ 177

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)N	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)N	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)N
Derivative [Line Items]
Interest expense	$ 3,508	$ 1,707	$ 6,286	$ 3,085
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount	$ 150,000		$ 150,000		$ 25,000
Weighted average pay rate	1.66%		1.66%		1.81%
Weighted average receive rate	0.28%		0.28%		0.21%
Weighted average maturity			4 years 7 months 6 days		5 years
Unrealized loss			$ (530)		$ (169)
Number of contracts | N	7		7		1
Interest expense	$ 376		$ 471
Amount of Gain/(Loss) Recognized In OCI (Effective Portion)	$ 374		$ (213)
Amount of Gain/(Loss) Reclassified From OCI to Interest Expense
Amount of Gain/(Loss) Recognized in Other Non-Interest Expense (Ineffective Portion)
Fair Value	$ (530)		$ (530)		$ (169)
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Other Liabilities [Member]
Derivative [Line Items]
Notional Amount	110,000		110,000		25,000
Fair Value	(674)		(674)		$ (169)
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Other Assets [Member]
Derivative [Line Items]
Notional Amount	40,000		40,000
Fair Value	144		144
Not Designated as Hedging Instrument [Member] | Loan Level Swaps [Member]
Derivative [Line Items]
Notional Amount	$ 27,320		$ 27,320
Weighted average pay rate	3.06%		3.06%
Weighted average receive rate	1.42%		1.42%
Weighted average maturity			16 years 3 months 18 days
Fair Value	$ 480		$ 480

ACQUISITION (Details)

ACQUISITION (Details)	6 Months Ended
	Jun. 30, 2015
Wealth Management Consultants, LLC [Member] | Common Stock Warrants [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Term of warrant	7 years

Uncategorized Items - pgc-20150

Label	Element	Value
Losses on Cash Flow Hedge [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ (687)
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	1,926
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	606
Accumulated Other Comprehensive Income/(Loss), Net of Tax [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	1,239
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 606