Peapack-Gladstone Financial (PGC) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 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	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,808,875
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015
Trading Symbol	PGC

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 10,695	$ 6,621
Federal funds sold	101	101
Interest-earning deposits	65,402	24,485
Total cash and cash equivalents	76,198	31,207
Securities available for sale	220,930	332,652
FHLB and FRB stock, at cost	11,737	11,593
Loans held for sale, at fair value	501	$ 839
Loans held for sale, at lower of cost or fair value	27,023
Loans	2,855,227	$ 2,250,267
Less: Allowance for loan losses	24,374	19,480
Net loans	2,830,853	2,230,787
Premises and equipment	31,310	32,258
Other real estate owned	330	1,324
Accrued interest receivable	6,839	5,371
Bank owned life insurance	32,727	32,634
Deferred tax assets, net	14,613	10,491
Other assets	15,902	13,241
TOTAL ASSETS	3,268,963	2,702,397
Deposits:
Noninterest-bearing demand deposits	399,200	366,371
Interest-bearing deposits:
Interest-bearing deposits checking	829,970	600,889
Savings	117,665	112,878
Money market accounts	792,685	700,069
Certificates of deposit - Retail	411,335	198,819
Subtotal deposits	2,550,855	1,979,026
Interest-bearing demand - Brokered	243,000	188,000
Certificates of deposit - Brokered	93,690	131,667
Total deposits	$ 2,887,545	2,298,693
Overnight borrowings with Federal Home Loan Bank		54,600
Federal Home Loan Bank advances	$ 83,692	83,692
Capital lease obligation	10,350	10,712
Accrued expenses and other liabilities	19,448	$ 12,433
Due to brokers, securities settlements	1,528
TOTAL LIABILITIES	$ 3,002,563	$ 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, 16,213,993 at September 30, 2015 and 15,563,895 at December 31, 2014; outstanding shares, 15,805,815 at September 30, 2015 and 15,155,717 at December 31, 2014	$ 13,497	$ 12,954
Surplus	207,788	195,829
Treasury stock at cost, 408,178 shares at September 30, 2015 and December 31, 2014	(8,988)	(8,988)
Retained earnings	54,570	41,251
Accumulated other comprehensive(loss)/ income, net of income tax	(467)	1,221
TOTAL SHAREHOLDERS' EQUITY	266,400	242,267
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$ 3,268,963	$ 2,702,397

CONSOLIDATED STATEMENTS OF CON3

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - $ / shares	Sep. 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	16,213,993	15,563,895
Common stock, shares outstanding	15,805,815	15,155,717
Treasury stock, shares	408,178	408,178

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
INTEREST INCOME
Interest and fee on loans	$ 24,663	$ 17,969	$ 68,274	$ 51,059
Interest on securities available for sale:
Taxable	959	960	3,178	2,998
Tax-exempt	128	162	395	555
Interest on loans held for sale	10	10	44	35
Interest-earning deposits	46	109	128	142
Total interest income	25,806	19,210	72,019	54,789
INTEREST EXPENSE
Interest on savings and interest-bearing deposit accounts	919	677	2,546	1,620
Interest on certificates of deposit	1,296	357	3,010	1,081
Interest on borrowed funds	399	377	1,219	1,149
Interest on capital lease obligation	125	117	379	354
Subtotal - interest expense	2,739	1,528	7,154	4,204
Interest-bearing demand - brokered	857	84	1,700	198
Interest on certificates of deposits - brokered	504	550	1,532	845
Total Interest expense	4,100	2,162	10,386	5,247
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	21,706	17,048	61,633	49,542
Provision for loan losses	1,600	1,150	5,150	3,625
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	20,106	15,898	56,483	45,917
OTHER INCOME
Wealth management fee income	4,169	3,661	12,732	11,420
Service charges and fees	832	829	2,474	2,231
Bank owned life insurance	260	276	1,045	818
Gain on loans held for sale at fair value (Mortgage banking)	$ 102	87	$ 411	310
Gain on loans held for sale at lower of cost or fair value		(7)		169
Other income	$ 164	167	$ 802	356
Securities gains, net	83	39	527	216
Total other income	5,610	5,052	17,991	15,520
OPERATING EXPENSES
Salaries and employee benefits	10,322	9,116	29,619	27,053
Premises and equipment	2,785	2,564	8,179	7,336
Other operating expense	3,792	3,013	11,135	9,573
Total noninterest expense	16,899	14,693	48,933	43,962
INCOME BEFORE INCOME TAX EXPENSE	8,817	6,257	25,541	17,475
Income tax expense	3,434	2,393	9,912	6,797
NET INCOME	$ 5,383	$ 3,864	$ 15,629	$ 10,678
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.35	$ 0.33	$ 1.04	$ 0.91
Diluted (in dollars per share)	$ 0.35	$ 0.32	$ 1.02	$ 0.90
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic (in shares)	15,253,009	11,841,777	15,083,006	11,723,873
Diluted (in shares)	15,435,939	11,956,356	15,293,747	11,833,507

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Net income	$ 5,383	$ 3,864	$ 15,629	$ 10,678
Unrealized gains/(losses) on available for sale securities:
Unrealized holding gains/(losses) arising during the period	751	(477)	849	1,972
Less: Reclassification adjustment for net gains included in net income	83	39	527	216
Before tax	668	(516)	322	1,756
Tax effect	(252)	190	(111)	(675)
Net of tax	416	$ (326)	211	$ 1,081
Unrealized loss on cash flow hedges
Unrealized holding loss	$ (2,849)		$ (3,210)
Reclassification adjustment for losses included in net income
Before tax	$ (2,849)		$ (3,210)
Tax effect	1,163		1,311
Net of tax	(1,686)		(1,899)
Total other comprehensive (loss)/income	(1,270)	$ (326)	(1,688)	$ 1,081
Total comprehensive income	$ 4,113	$ 3,538	$ 13,941	$ 11,759

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/(Loss) [Member]	Total
Balance at Dec. 31, 2013					$ 23
Net income						$ 10,678
Other comprehensive loss					1,081	1,081
Balance at Sep. 30, 2014					1,104
Balance at Jun. 30, 2014					1,430
Net income						3,864
Other comprehensive loss					(326)	(326)
Balance at Sep. 30, 2014					1,104
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				15,629		$ 15,629
Other comprehensive loss					(1,688)	$ (1,688)
Issuance of restricted stock, net of forfeitures	$ 134	(134)
Issuance of restricted stock, net of forfeitures, shares	157,567
Vesting of restricted stock	$ (5)	(49)				$ (54)
Vesting of restricted stock, shares	2,565
Amortization of restricted stock		1,734				1,734
Cash dividends declared on common stock				(2,310)		(2,310)
Common stock option expense		175				175
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)	$ 347	7,777				8,124
Sales of shares (Dividend Reinvestment Program), shares	416,040
Issuance of shares for Employee Stock Purchase Plan	$ 20	474				494
Issuance of shares for Employee Stock Purchase Plan, shares	24,258
Issuance of common stock for acquisition	$ 40	960				1,000
Issuance of common stock for acquisition, shares	47,916
Issuance of warrants		1,000				1,000
Balance at Sep. 30, 2015	$ 13,497	207,788	(8,988)	54,570	(467)	$ 266,400
Shares outstanding at Sep. 30, 2015	15,805,815					15,805,815
Balance at Jun. 30, 2015					803
Net income						$ 5,383
Other comprehensive loss					(1,270)	(1,270)
Balance at Sep. 30, 2015	$ 13,497	$ 207,788	$ (8,988)	$ 54,570	$ (467)	$ 266,400
Shares outstanding at Sep. 30, 2015	15,805,815					15,805,815

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical)	9 Months Ended
	Sep. 30, 2015$ / shares
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Abstract]
Cash dividends declared on common stock, per share	$ 0.15

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net income	$ 15,629	$ 10,678
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	2,408	2,205
Amortization of premium and accretion of discount on securities, net	1,337	1,085
Amortization of restricted stock	1,734	1,156
Provision of loan losses	5,150	3,625
Provision for OREO losses	250	400
Provision for deferred taxes	(2,922)	(2,574)
Stock-based compensation, including ESPP	252	177
Gains on securities, available for sale	(527)	(216)
Loans originated for sale at fair value	(26,495)	(20,267)
Proceeds from sales of loans at fair value	27,244	22,227
Gains on loans held for sale at fair value	$ (411)	(310)
Net gains on loans held for sale at lower of cost or fair value		(169)
Losses/(gains) on sale of other real estate owned		(139)
Losses/(gains) on disposal of fixed assets	$ 15	$ (9)
Gain on death benefit	(285)
Increase in cash surrender value of life insurance, net	(485)	$ (566)
Increase in accrued interest receivable	(1,468)	(1,040)
Decrease in other assets	1,466	4,651
Decrease in accrued expenses, capital lease obligations and other liabilities	2,043	1,706
NET CASH PROVIDED BY OPERATING ACTIVITIES	24,935	22,620
INVESTING ACTIVITIES:
Maturities of securities available for sale	58,098	49,115
Redemptions for FHLB & FRB stock	44,568	24,290
Call of securities available for sale	14,880	4,000
Sales of securities available for sale	46,254	27,416
Purchase of securities available for sale	(6,474)	(63,811)
Purchase of FHLB & FRB stock	$ (44,712)	(23,380)
Proceeds from sales of loans held for sale at lower of cost or fair value		68,025
Net increase in loans	$ (632,239)	(535,510)
Sales of other real estate owned	744	1,100
Purchase of premises and equipment	$ (1,475)	(2,813)
Disposal of premises and equipment		$ 14
Acquisition of a wealth management company	$ (800)
Proceeds from death benefit	677
NET CASH USED IN INVESTING ACTIVITIES	(520,479)	$ (451,554)
FINANCING ACTIVITIES:
Net increase in deposits	588,852	556,169
Net decrease in overnight borrowings	$ (54,600)	(54,900)
Net increase in other borrowings		9,000
Cash dividends paid on common stock	$ (2,310)	(1,800)
Exercise of Stock Options, net of stock swap	29	$ 155
Restricted stock tax expense	(54)
Sales of shares (DRIP Program)	8,124	$ 5,914
Purchase of shares for Profit Sharing Plan	494	70
NET CASH PROVIDED BY FINANCING ACTIVITIES	540,535	514,608
Net increase in cash and cash equivalents	44,991	85,674
Cash and cash equivalents at beginning of period	31,207	35,147
Cash and cash equivalents at end of period	$ 76,198	$ 120,821

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 Corporation's financial position as of September 30, 2015 and the results of operations and comprehensive income for the three and nine months ended September 30, 2015 and 2014, and shareholders' equity and cash flow statements for the nine months ended September 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 subsidiaries, PGB Trust & Investments of Delaware and Peapack-Gladstone Mortgage Group, Inc. and Peapack-Gladstone Mortgage Group's wholly-owned subsidiary, PG Investment Company of Delaware, Inc. and its wholly-owned subsidiary, Peapack-Gladstone Realty Inc., a New Jersey Real Estate Investment Company. 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 September 30, 2015 and 2014, the Company recorded total compensation cost for stock options of $ 54 53 7 5 175 159 19 15 171 0.66 For the Company's stock option plans, changes in options outstanding during the nine months ended September 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 (45,419 ) 18.48 Forfeited during 2015 (8,314 ) 14.53 Balance, September 30, 2015 277,068 17.13 4.72 $ 1,120 Vested and expected to vest (1) 263,809 17.33 4.72 $ 1,013 Exercisable at September 30, 2015 227,961 17.86 4.28 $ 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 third quarter of 2015 and the exercise price, multiplied by the number of in-the-money options). The Company's closing stock price on September 30, 2015 was $ 21.17 There were no stock options granted in the three and nine months ended September 30, 2015. For the third quarter and nine months ended September 30, 2014, the per share weighted-average fair value of stock options granted was $ 7.77 Three Months Nine Months Ended Ended September 30, September 30, 2014 2014 Dividend Yield 1.13 % 1.02 % Expected volatility 40 % 40 % Expected life 7 7 Risk-free interest rate 2.19 % 2.18 % The Company did not issue any restricted or performance stock awards in the third quarter of 2015. As of September 30, 2015, there was $ 6.2 million of total unrecognized compensation cost related to nonvested shares, which is expected to vest over 4.3 years. Changes in nonvested shares dependent on performance criteria for the nine months ended September 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, September 30, 2015 92,767 $ 18.12 Changes in nonvested shares not dependent on performance criteria for the nine months ended September 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 (67,350 ) 16.37 Forfeited during 2015 (3,197 ) 20.33 Balance, September 30, 2015 342,545 $ 19.19 For the three months ended September 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 636 435 For the nine months ended September 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 1.7 1.2 Employee Stock Purchase Plan: 150,000 1 15 85 For the three months ended September 30, 2015, the Company recorded $ 26 8,799 77 24,258 Earnings per share – Basic and Diluted: Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share data) 2015 2014 2015 2014 Net income to common shareholders $ 5,383 $ 3,864 $ 15,629 $ 10,678 Basic weighted-average common shares outstanding 15,253,009 11,841,777 15,083,006 11,723,873 Plus: common stock equivalents 182,930 114,579 210,741 109,634 Diluted weighted-average common shares outstanding 15,435,939 11,956,356 15,293,747 11,833,507 Net income per common share Basic $ 0.35 $ 0.33 $ 1.04 $ 0.91 Diluted 0.35 0.32 1.02 0.90 Stock options totaling 85,083 178,149 174,662 191,945 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 2011 The Company recognizes interest and/or penalties related to income tax matters in income tax expense.

INVESTMENT SECURITIES AVAILABLE

INVESTMENT SECURITIES AVAILABLE FOR SALE	9 Months Ended
	Sep. 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 September 30, 2015 and December 31, 2014 follows: September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 4,832 $ 14 $ — $ 4,846 Mortgage-backed securities – residential 170,465 2,379 (63 ) 172,781 Small business administration pool securities 7,717 — (74 ) 7,643 State and political subdivisions 29,438 475 — 29,913 Single-issuer trust preferred security 2,999 — (224 ) 2,775 CRA investment 3,000 — (28 ) 2,972 Total $ 218,451 $ 2,868 $ (389 ) $ 220,930 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 September 30, 2015 and December 31, 2014. September 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 Mortgage-backed securities-residential $ 3,770 $ (20 ) $ 9,648 $ (43 ) $ 13,418 $ (63 ) Small business administration pool securities 2,845 (12 ) 4,798 (62 ) 7,643 (74 ) Single-issuer trust preferred security — — 2,775 (224 ) 2,775 (224 ) CRA investment fund — — 2,972 (28 ) 2,972 (28 ) Total $ 6,615 $ (32 ) $ 20,193 $ (357 ) $ 26,808 $ (389 ) 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 September 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 September 30, 2015, the unrealized loss on the single-issuer trust preferred security of $ 224

LOANS

LOANS	9 Months Ended
	Sep. 30, 2015
LOANS [Abstract]
LOANS	3. LOANS Loans outstanding, by general ledger classification, as of September 30, 2015 and December 31, 2014, consisted of the following: % of % of September 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Residential mortgage $ 469,865 16.45 % $ 466,760 20.74 % Multifamily mortgage 1,444,334 50.59 1,080,256 48.00 Commercial mortgage 399,592 14.00 308,491 13.71 Commercial loans 456,611 15.99 308,743 13.72 Construction loans 1,409 0.05 5,998 0.27 Home equity lines of credit 50,370 1.76 50,141 2.23 Consumer loans, including fixed rate home equity loans 32,563 1.14 28,040 1.25 Other loans 483 0.02 1,838 0.08 Total loans $ 2,855,227 100.00 % $ 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 September 30, 2015 and December 31, 2014: % of % of September 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Primary residential mortgage $ 481,788 16.88 % $ 480,149 21.37 % Home equity lines of credit 50,528 1.77 50,302 2.24 Junior lien loan on residence 11,320 0.40 11,808 0.52 Multifamily property 1,444,334 50.62 1,080,256 48.07 Owner-occupied commercial real estate 149,470 5.24 105,446 4.69 Investment commercial real estate 559,386 19.61 405,771 18.06 Commercial and industrial 122,758 4.30 81,362 3.62 Secured by farmland/agricultural production 182 0.01 364 0.02 Commercial construction loans 150 0.01 4,715 0.21 Consumer and other loans 33,235 1.16 27,084 1.20 Total loans $ 2,853,151 100.00 % $ 2,247,257 100.00 % Net deferred fees 2,076 3,010 Total loans including net deferred costs $ 2,855,227 $ 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 (ALLL) as of September 30, 2015 and December 31, 2014: September 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 $ 8,670 $ 256 $ 473,118 $ 2,178 $ 481,788 $ 2,434 Home equity lines of credit 299 44 50,229 113 50,528 157 Junior lien loan on residence 194 — 11,126 71 11,320 71 Multifamily property — — 1,444,334 9,167 1,444,334 9,167 Owner-occupied commercial real estate 1,301 — 148,169 2,643 149,470 2,643 Investment commercial real estate 11,519 63 547,867 8,109 559,386 8,172 Commercial and industrial 241 142 122,517 1,485 122,758 1,627 Secured by farmland and agricultural production — — 182 2 182 2 Commercial construction — — 150 2 150 2 Consumer and other — — 33,235 99 33,235 99 Total ALLL $ 22,224 $ 505 $ 2,830,927 $ 23,869 $ 2,853,151 $ 24,374 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 $ 7.6 6.9 14.6 13.6 498 222 892 204 The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2015 and December 31, 2014 (The average impaired loans on the following tables represent year to date impaired loans.): September 30, 2015 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 8,073 $ 6,908 $ — $ 5,250 Owner-occupied commercial real estate 1,478 1,301 — 1,407 Investment commercial real estate 10,258 10,262 — 10,356 Commercial and industrial 99 99 — 132 Home equity lines of credit 204 201 — 197 Junior lien loan on residence 329 194 — 156 Consumer and other — — — 1 Total loans with no related allowance $ 20,441 $ 18,965 $ — $ 17,499 With related allowance recorded: Primary residential mortgage $ 1,806 $ 1,762 $ 256 $ 1,568 Investment commercial real estate 1,273 1,257 63 1,270 Commercial and industrial 179 142 142 146 Home equity lines of credit 98 98 44 1 Total loans with related allowance $ 3,356 $ 3,259 $ 505 $ 2,985 Total loans individually evaluated for impairment $ 23,797 $ 22,224 $ 505 $ 20,484 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 three and nine months ended September 30, 2015 and 2014, was not material. The Company did not recognize any income on nonaccruing impaired loans for the three and nine months ended September 30, 2015 and 2014. Loans held for sale, at lower of cost or fair value at September 30, 2015, represents loan participations that the Company has the intent to sell. The Company expects sale price to approximate recorded investment. The following tables present the recorded investment in nonaccrual and loans past due over 90 September 30, 2015 Loans Past Due Over 90 Days And Still Accruing (In thousands) Nonaccrual Interest Primary residential mortgage $ 5,232 $ — Home equity lines of credit 299 — Junior lien loan on residence 134 — Owner-occupied commercial real estate 1,301 — Investment commercial real estate 408 — Commercial and industrial 241 — Total $ 7,615 $ — 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 September 30, 2015 and December 31, 2014 by class of loans, excluding nonaccrual loans: September 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 $ 1,041 $ 196 $ — $ 1,237 Home equity lines of credit 274 — — 274 Owner-occupied commercial real estate 226 — — 226 Investment commercial real estate 690 — — 690 Commercial and industrial 227 94 — 321 Total $ 2,458 $ 290 $ — $ 2,748 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 the Credit Administration and/or Credit Underwriting department for all loans $500,000 and over. Loans between $250,000 and $500,000 are evaluated annually, on a limited review basis, by either the Credit Department or a designated portfolio manager with the Chief Credit Officer or the Chief Credit Administration Officer. The Company contracts with an independent loan review firm to perform an annual review of the loan portfolio. The scope of the engagement must include coverage on an annual basis of at least 70% by dollar amount outstanding of the commercial loan portfolio. The review also includes recent new loans with balances or commitments of $500,000 or greater that were booked subsequent to the prior audit, and all criticized and classified loans on a periodic basis. 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 September 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 $ 471,377 $ 1,342 $ 9,069 $ — Home equity lines of credit 50,229 — 299 — Junior lien loan on residence 11,126 — 194 — Multifamily property 1,435,360 7,759 1,215 — Owner-occupied commercial real estate 143,519 938 5,013 — Investment commercial real estate 523,950 9,482 25,954 — Commercial and industrial 116,560 5,957 241 — Farmland 182 — — — Commercial construction — 150 — — Consumer and other loans 33,235 — — — Total $ 2,785,538 $ 25,628 $ 41,985 $ — 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 September 30, 2015, $ 22.2 20.5 The activity in the allowance for loan losses for the three months ended September 30, 2015 is summarized below: July 1, September 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,409 $ (218 ) $ 4 $ 239 $ 2,434 Home equity lines of credit 113 — — 44 157 Junior lien loan on residence 73 — 10 (12 ) 71 Multifamily property 8,623 — — 544 9,167 Owner-occupied commercial real estate 2,286 — — 357 2,643 Investment commercial real estate 7,779 (16 ) 4 405 8,172 Commercial and industrial 1,589 — 22 16 1,627 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — — 2 Consumer and other loans 93 (1 ) — 7 99 Total ALLL $ 22,969 $ (235 ) $ 40 $ 1,600 $ 24,374 The activity in the allowance for loan losses for the nine months ended September 30, 2015 is summarized below: January 1, September 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,923 $ (329 ) $ 74 $ (234 ) $ 2,434 Home equity lines of credit 156 (110 ) 1 110 157 Junior lien loan on residence 109 — 48 (86 ) 71 Multifamily property 8,983 — — 184 9,167 Owner-occupied commercial real estate 1,547 — 11 1,085 2,643 Investment commercial real estate 4,751 (16 ) 14 3,423 8,172 Commercial and industrial 880 (7 ) 68 686 1,627 Secured by farmland and agricultural production 4 — — (2 ) 2 Commercial construction 31 — — (29 ) 2 Consumer and other loans 96 (22 ) 12 13 99 Total ALLL $ 19,480 $ (484 ) $ 228 $ 5,150 $ 24,374 The activity in the allowance for loan losses for the three months ended September 30, 2014 is summarized below: July 1, September 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 3,002 $ (105 ) $ — $ 24 $ 2,921 Home equity lines of credit 176 24 — (53 ) 147 Junior lien loan on residence 148 — 30 (56 ) 122 Multifamily property 6,288 — — 1,152 7,440 Owner-occupied commercial real estate 1,839 (25 ) — 65 1,879 Investment commercial real estate 4,597 — 4 (64 ) 4,537 Agricultural production loans 2 — — (2 ) — Commercial and industrial 1,041 — 21 76 1,138 Secured by farmland 2 — — — 2 Commercial construction 33 — — (1 ) 32 Consumer and other loans 76 (5 ) 1 9 81 Total ALLL $ 17,204 $ (111 ) $ 56 $ 1,150 $ 18,299 The activity in the allowance for loan losses for the nine months ended September 30, 2014 is summarized below: January 1, September 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,361 $ (150 ) $ — $ 710 $ 2,921 Home equity lines of credit 181 — — (34 ) 147 Junior lien loan on residence 156 (1 ) 74 (107 ) 122 Multifamily property 4,003 — — 3,437 7,440 Owner-occupied commercial real estate 2,563 (670 ) 80 (94 ) 1,879 Investment commercial real estate 5,083 — 12 (558 ) 4,537 Commercial and industrial 825 (97 ) 54 356 1,138 Secured by farmland 3 — — (1 ) 2 Commercial construction 120 — — (88 ) 32 Consumer and other loans 78 (7 ) 6 4 81 Total ALLL $ 15,373 $ (925 ) $ 226 $ 3,625 $ 18,299 Troubled Debt Restructurings: The Company has allocated $ 498 thousand and $ 892 thousand of specific reserves on TDRs to customers whose loan terms have been modified in TDRs as of September 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 TDRs . During the three and nine month period ended September 30, 2015, the terms of certain loans were modified as TDRs. 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 TDRs that occurred during the three month period ended September 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 5 $ 1,645 $ 1,645 Home equity line of credit 1 98 98 Junior lien loan on residence 1 60 60 Total 7 $ 1,803 $ 1,803 The following table presents loans by class modified as TDRs that occurred during the nine month period ended September 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 7 $ 1,870 $ 1,870 Home equity line of credit 1 98 98 Junior lien loan on residence 1 60 60 Owner-occupied commercial real estate 1 767 767 Total 10 $ 2,795 $ 2,795 The identification of the troubled debt restructurings did not have a significant impact on the allowance for loan losses. The following table presents loans by class modified as TDRs that occurred during the three month period ended September 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 3 $ 772 $ 772 Total 3 $ 772 $ 772 The following table presents loans by class modified as TDRs that occurred during the nine month period ended September 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 5 $ 1,374 $ 1,374 Investment commercial real estate 2 2,787 2,787 Total 7 $ 4,161 $ 4,161 The following table presents loans by class modified as TDRs for which there was a payment default, within twelve months of modification, during the three month period ended September 30, 2015: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 133 Total 1 $ 133 The following table presents loans by class modified as TDRs for which there was a payment default, within twelve months of modification, during the nine month period ended September 30, 2015: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 2 $ 530 Total 2 $ 530 There were no loans that were modified as TDRs for which there was a payment default, within twelve months of modification, during the three months ended September 30, 2014. The following table presents loans by class modified as TDRs for which there was a payment default, within twelve months of modification, during the nine month period ended September 30, 2014: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 54 Total 1 $ 54 The above loan defaults did not have a material impact on the allowance for loan losses for the periods ended as of September 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	9 Months Ended
	Sep. 30, 2015
DEPOSITS [Abstract]
DEPOSITS	4. DEPOSITS Certificates of deposit, excluding brokered deposits, over $250,000 totaled $ 106.1 17.3 The following table sets forth the details of total deposits as of September 30, 2015 and December 31, 2014 September 30, December 31, 2015 2014 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 399,200 13.83 % $ 366,371 15.94 % Interest-bearing checking 829,970 28.74 600,889 26.14 Savings 117,665 4.07 112,878 4.91 Money market 792,685 27.45 700,069 30.45 Certificates of deposit 411,335 14.25 198,819 8.65 2,550,855 88.34 1,979,026 86.09 Interest-bearing demand - Brokered 243,000 8.42 188,000 8.18 Certificates of deposit - Brokered 93,690 3.24 131,667 5.73 Total deposits $ 2,887,545 100.00 % $ 2,298,693 100.00 % The scheduled maturities of certificates of deposit, including brokered deposits, as of September 30, 2015 are as follows: (In thousands) 2015 $ 31,037 2016 64,357 2017 87,836 2018 164,704 2019 63,072 Over 5 Years 94,019 Total $ 505,025

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	9 Months Ended
	Sep. 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 September 30, 2015 advances totaling $ 71.7 1.57 398.3 1.16 Also at September 30, 2015, the Corporation had $ 12.0 3.01 13.9 The final maturity dates of the FHLB advances 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 September 30, 2015, there were no overnight borrowings with the Federal Home Loan Bank. At December 31, 2014 there were $ 54.6

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 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 nine months ended September 30, 2015 and 2014. Three Months Ended September 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 20,697 $ 1,009 $ 21,706 Noninterest income 1,399 4,211 5,610 Total income 22,096 5,220 27,316 Provision for loan losses 1,600 — 1,600 Salaries and benefits 7,935 2,387 10,322 Premises and equipment expense 2,549 236 2,785 Other noninterest expense 2,699 1,093 3,792 Total noninterest expense 14,783 3,716 18,499 Income before income tax expense 7,313 1,504 8,817 Income tax expense 2,849 585 3,434 Net income $ 4,464 $ 919 $ 5,383 Three Months Ended September 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 16,207 $ 841 $ 17,048 Noninterest income 1,324 3,728 5,052 Total income 17,531 4,569 22,100 Provision for loan losses 1,150 — 1,150 Salaries and benefits 7,334 1,782 9,116 Premises and equipment expense 2,367 197 2,564 Other noninterest expense 2,102 911 3,013 Total noninterest expense 12,953 2,890 15,843 Income before income tax expense 4,578 1,679 6,257 Income tax expense 1,730 663 2,393 Net income $ 2,848 $ 1,016 $ 3,864 Nine Months Ended September 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 58,618 $ 3,015 $ 61,633 Noninterest income 5,072 12,919 17,991 Total income 63,690 15,934 79,624 Provision for loan losses 5,150 — 5,150 Salaries and benefits 23,305 6,314 29,619 Premises and equipment expense 7,483 696 8,179 Other noninterest expense 7,654 3,481 11,135 Total noninterest expense 43,592 10,491 54,083 Income before income tax expense 20,098 5,443 25,541 Income tax expense 7,794 2,118 9,912 Net income $ 12,304 $ 3,325 $ 15,629 Total assets for period end $ 3,233,455 $ 35,508 $ 3,268,963 Nine Months Ended September 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 46,733 $ 2,809 $ 49,542 Noninterest income 3,921 11,599 15,520 Total income 50,654 14,408 65,062 Provision for loan losses 3,625 — 3,625 Salaries and benefits 21,490 5,563 27,053 Premises and equipment expense 6,802 534 7,336 Other noninterest expense 6,339 3,234 9,573 Total noninterest expense 38,256 9,331 47,587 Income before income tax expense 12,398 5,077 17,475 Income tax expense 4,822 1,975 6,797 Net income $ 7,576 $ 3,102 $ 10,678 Total assets for period end $ 2,487,076 $ 27,445 $ 2,514,521

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 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 September 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 4,846 $ — $ 4,846 $ — Mortgage-backed securities- residential 172,781 — 172,781 — SBA pool securities 7,643 — 7,643 — State and political subdivisions 29,913 — 29,913 — Single-Issuer Trust Preferred 2,775 — 2,775 — CRA investment fund 2,972 2,972 — — Loans held for sale, at fair value 501 — 501 — Derivatives: Loan level swaps 1,324 — 1,324 — Total $ 222,755 $ 2,972 $ 219,783 $ — Liabilities: Derivatives: Cash flow hedges $ (3,379 ) $ — $ (3,379 ) $ — Loan level swaps (1,324 ) — (1,324 ) — Total $ (4,703 ) $ — $ (4,703 ) $ — 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) September 30, 2015 December 31, 2014 Residential loans contractual balance $ 492 $ 826 Fair value adjustment 9 13 Total fair value of residential loans held for sale $ 501 $ 839 There were no transfers between Level 1 and Level 2 during the nine months ended September 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 September 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Primary residential mortgage $ 82 $ — $ — $ 82 Home equity line of credit 54 — — 54 OREO 330 — — 330 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 $ 187 51 648 105 At both September 30, 2015 and December 31, 2014, OREO at fair value represents one commercial property. The Company recorded a valuation allowance of $ 250 400 The carrying amounts and estimated fair values of financial instruments at September 30, 2015 are as follows: Fair Value Measurements at September 30, 2015 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 76,198 $ 76,198 $ — $ — $ 76,198 Securities available for sale 220,930 2,972 217,958 — 220,930 FHLB and FRB stock 11,737 — — — N/A Loans held for sale, at fair value 501 — 501 — 501 Loans held for sale, at lower of cost or fair value 27,023 — 27,023 — 27,023 Loans, net of allowance for loan losses 2,830,853 — — 2,815,489 2,815,489 Accrued interest receivable 6,839 — 629 6,210 6,839 Loan level swap derivatives 1,324 — 1,324 — 1,324 Financial liabilities Deposits $ 2,887,545 $ 2,382,520 $ 507,399 $ — $ 2,889,919 Overnight borrowings — — — — — Federal home loan bank advances 83,692 — 85,105 — 85,105 Accrued interest payable 876 106 770 — 876 Cash flow hedge derivatives 3,379 — 3,379 — 3,379 Loan level swap derivatives 1,324 — 1,324 — 1,324 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	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, (In thousands) 2015 2014 2015 2014 FDIC assessment $ 416 $ 350 $ 1,329 $ 928 Wealth management division other expense 469 404 1,602 1,404 Professional and legal fees 678 413 2,029 1,383 Loan expense 90 119 279 342 Provision for ORE losses 250 — 250 400 Other operating expenses 1,889 1,727 5,646 5,116 Total other operating expenses $ 3,792 $ 3,013 $ 11,135 $ 9,573

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME	9 Months Ended
	Sep. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME [Abstract]
ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME	9. ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the three months ended September 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,116 $ 466 $ (50 ) $ 416 $ 1,532 Losses on cash flow hedges (313 ) (1,686 ) — (1,686 ) (1,999 ) Accumulated other comprehensive income/(loss), net of tax $ 803 $ (1,220 ) $ (50 ) $ (1,270 ) $ (467 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 1,430 $ (300 ) $ (26 ) $ (326 ) $ 1,104 Accumulated other comprehensive income, net of tax $ 1,430 $ (300 ) $ (26 ) $ (326 ) $ 1,104 The following represents the reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2015 and 2014: Three Months Ended September 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 83 $ 39 Securities gains, net Income tax expense (33 ) (13 ) Income tax expense Total reclassifications, net of tax $ 50 $ 26 The following is a summary of the accumulated other comprehensive income balances, net of tax, for the nine months ended September 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Nine Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,321 $ 523 $ (312 ) $ 211 $ 1,532 Losses on cash flow hedges (100 ) (1,899 ) — (1,899 ) (1,999 ) Accumulated other comprehensive income, net of tax $ 1,221 $ (1,376 ) $ (312 ) $ (1,688 ) $ (467 ) Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Nine Months Balance at Income Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 23 $ 1,220 $ (139 ) $ 1,081 $ 1,104 Accumulated other comprehensive income, net of tax $ 23 $ 1,220 $ (139 ) $ 1,081 $ 1,104 The following represents the reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2015 and 2014: Nine Months Ended September 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 527 $ 216 Securities gains, net Income tax expense (215 ) (77 ) Income tax expense Total reclassifications, net of tax $ 312 $ 139

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 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: 180 25.0 The following information about the interest rate swaps designated as cash flow hedges as of September 30, 2015 and December 31, 2014 is presented in the following table: (In thousands) September 30, 2015 December 31, 2014 Notional amount $ 180,000 $ 25,000 Weighted average pay rate 1.64 % 1.81 % Weighted average receive rate 0.28 % 0.21 % Weighted average maturity 4.5 years 5.0 years Unrealized loss $ (3,379 ) $ (169 ) Number of contracts 9 1 Interest expense recorded on these swap transactions totaled $ 554 997 Cash Flow Hedges The following table presents the net losses recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended September 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 $ (1,686 ) $ — $ — The following table presents the net losses recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the nine months ended September 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 $ (1,899 ) $ — $ — The following tables reflect the cash flow hedges included in the financial statements as of September 30, 2015 and December 31, 2014: September 30, 2015 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (3,379 ) Total included in other assets $ — $ — Total included in other liabilities $ 180,000 $ (3,379 ) 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 assets $ — $ — Total included in other liabilities $ 25,000 $ (169 ) Derivatives Not Designated as Accounting Hedges: Information about these swaps is as follows: (In thousands) September 30, 2015 Notional amount $ 27,290 Fair value $ 1,324 Weighted average pay rates 3.06 % Weighted average receive rates 1.42 % Weighted average maturity 16.0 years

RECENT DEVELOPMENTS

RECENT DEVELOPMENTS	9 Months Ended
	Sep. 30, 2015
RECENT DEVELOPMENTS [Abstract]
RECENT DEVELOPMENTS	11. RECENT DEVELOPMENTS 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 years. The Company is still in the process of evaluating the final purchase accounting allocation . Any adjustment resulting from the evaluation is not expected to be material. In accordance with FASB ASC 805-10 (Subtopic 25-15), the Company has up to one year from date of acquisition to complete this assessment. BRANCH CLOSURE In the third quarter of 2015, the Company announced the anticipated closing of two

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2015
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	12. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)."

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 subsidiaries, PGB Trust & Investments of Delaware and Peapack-Gladstone Mortgage Group, Inc. and Peapack-Gladstone Mortgage Group's wholly-owned subsidiary, PG Investment Company of Delaware, Inc. and its wholly-owned subsidiary, Peapack-Gladstone Realty Inc., a New Jersey Real Estate Investment Company. 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 September 30, 2015 and 2014, the Company recorded total compensation cost for stock options of $ 54 53 7 5 175 159 19 15 171 0.66 For the Company's stock option plans, changes in options outstanding during the nine months ended September 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 (45,419 ) 18.48 Forfeited during 2015 (8,314 ) 14.53 Balance, September 30, 2015 277,068 17.13 4.72 $ 1,120 Vested and expected to vest (1) 263,809 17.33 4.72 $ 1,013 Exercisable at September 30, 2015 227,961 17.86 4.28 $ 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 third quarter of 2015 and the exercise price, multiplied by the number of in-the-money options). The Company's closing stock price on September 30, 2015 was $ 21.17 There were no stock options granted in the three and nine months ended September 30, 2015. For the third quarter and nine months ended September 30, 2014, the per share weighted-average fair value of stock options granted was $ 7.77 Three Months Nine Months Ended Ended September 30, September 30, 2014 2014 Dividend Yield 1.13 % 1.02 % Expected volatility 40 % 40 % Expected life 7 7 Risk-free interest rate 2.19 % 2.18 % The Company did not issue any restricted or performance stock awards in the third quarter of 2015. As of September 30, 2015, there was $ 6.2 million of total unrecognized compensation cost related to nonvested shares, which is expected to vest over 4.3 years. Changes in nonvested shares dependent on performance criteria for the nine months ended September 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, September 30, 2015 92,767 $ 18.12 Changes in nonvested shares not dependent on performance criteria for the nine months ended September 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 (67,350 ) 16.37 Forfeited during 2015 (3,197 ) 20.33 Balance, September 30, 2015 342,545 $ 19.19 For the three months ended September 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 636 435 For the nine months ended September 30, 2015 and 2014, the Company recorded total compensation cost for stock awards of $ 1.7 1.2
Employee Stock Purchase Plan	Employee Stock Purchase Plan: 150,000 1 15 85 For the three months ended September 30, 2015, the Company recorded $ 26 8,799 77 24,258
Earnings per share - Basic and Diluted	Earnings per share – Basic and Diluted: Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share data) 2015 2014 2015 2014 Net income to common shareholders $ 5,383 $ 3,864 $ 15,629 $ 10,678 Basic weighted-average common shares outstanding 15,253,009 11,841,777 15,083,006 11,723,873 Plus: common stock equivalents 182,930 114,579 210,741 109,634 Diluted weighted-average common shares outstanding 15,435,939 11,956,356 15,293,747 11,833,507 Net income per common share Basic $ 0.35 $ 0.33 $ 1.04 $ 0.91 Diluted 0.35 0.32 1.02 0.90 Stock options totaling 85,083 178,149 174,662 191,945
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 2011 The Company recognizes interest and/or penalties related to income tax matters in income tax expense.

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 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 (45,419 ) 18.48 Forfeited during 2015 (8,314 ) 14.53 Balance, September 30, 2015 277,068 17.13 4.72 $ 1,120 Vested and expected to vest (1) 263,809 17.33 4.72 $ 1,013 Exercisable at September 30, 2015 227,961 17.86 4.28 $ 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 Nine Months Ended Ended September 30, September 30, 2014 2014 Dividend Yield 1.13 % 1.02 % Expected volatility 40 % 40 % Expected life 7 7 Risk-free interest rate 2.19 % 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, September 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 (67,350 ) 16.37 Forfeited during 2015 (3,197 ) 20.33 Balance, September 30, 2015 342,545 $ 19.19
Schedule of calculation of basic and diluted earnings per share	Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share data) 2015 2014 2015 2014 Net income to common shareholders $ 5,383 $ 3,864 $ 15,629 $ 10,678 Basic weighted-average common shares outstanding 15,253,009 11,841,777 15,083,006 11,723,873 Plus: common stock equivalents 182,930 114,579 210,741 109,634 Diluted weighted-average common shares outstanding 15,435,939 11,956,356 15,293,747 11,833,507 Net income per common share Basic $ 0.35 $ 0.33 $ 1.04 $ 0.91 Diluted 0.35 0.32 1.02 0.90

INVESTMENT SECURITIES AVAILAB23

INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2015
INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]
Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale	September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 4,832 $ 14 $ — $ 4,846 Mortgage-backed securities – residential 170,465 2,379 (63 ) 172,781 Small business administration pool securities 7,717 — (74 ) 7,643 State and political subdivisions 29,438 475 — 29,913 Single-issuer trust preferred security 2,999 — (224 ) 2,775 CRA investment 3,000 — (28 ) 2,972 Total $ 218,451 $ 2,868 $ (389 ) $ 220,930 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	September 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 Mortgage-backed securities-residential $ 3,770 $ (20 ) $ 9,648 $ (43 ) $ 13,418 $ (63 ) Small business administration pool securities 2,845 (12 ) 4,798 (62 ) 7,643 (74 ) Single-issuer trust preferred security — — 2,775 (224 ) 2,775 (224 ) CRA investment fund — — 2,972 (28 ) 2,972 (28 ) Total $ 6,615 $ (32 ) $ 20,193 $ (357 ) $ 26,808 $ (389 ) 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)	9 Months Ended
	Sep. 30, 2015
LOANS [Abstract]
Schedule of composition of loans categorized by the type of loan	% of % of September 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Residential mortgage $ 469,865 16.45 % $ 466,760 20.74 % Multifamily mortgage 1,444,334 50.59 1,080,256 48.00 Commercial mortgage 399,592 14.00 308,491 13.71 Commercial loans 456,611 15.99 308,743 13.72 Construction loans 1,409 0.05 5,998 0.27 Home equity lines of credit 50,370 1.76 50,141 2.23 Consumer loans, including fixed rate home equity loans 32,563 1.14 28,040 1.25 Other loans 483 0.02 1,838 0.08 Total loans $ 2,855,227 100.00 % $ 2,250,267 100.00 % % of % of September 30, Totals December 31, Total (In thousands) 2015 Loans 2014 Loans Primary residential mortgage $ 481,788 16.88 % $ 480,149 21.37 % Home equity lines of credit 50,528 1.77 50,302 2.24 Junior lien loan on residence 11,320 0.40 11,808 0.52 Multifamily property 1,444,334 50.62 1,080,256 48.07 Owner-occupied commercial real estate 149,470 5.24 105,446 4.69 Investment commercial real estate 559,386 19.61 405,771 18.06 Commercial and industrial 122,758 4.30 81,362 3.62 Secured by farmland/agricultural production 182 0.01 364 0.02 Commercial construction loans 150 0.01 4,715 0.21 Consumer and other loans 33,235 1.16 27,084 1.20 Total loans $ 2,853,151 100.00 % $ 2,247,257 100.00 % Net deferred fees 2,076 3,010 Total loans including net deferred costs $ 2,855,227 $ 2,250,267
Schedule of loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses	September 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 $ 8,670 $ 256 $ 473,118 $ 2,178 $ 481,788 $ 2,434 Home equity lines of credit 299 44 50,229 113 50,528 157 Junior lien loan on residence 194 — 11,126 71 11,320 71 Multifamily property — — 1,444,334 9,167 1,444,334 9,167 Owner-occupied commercial real estate 1,301 — 148,169 2,643 149,470 2,643 Investment commercial real estate 11,519 63 547,867 8,109 559,386 8,172 Commercial and industrial 241 142 122,517 1,485 122,758 1,627 Secured by farmland and agricultural production — — 182 2 182 2 Commercial construction — — 150 2 150 2 Consumer and other — — 33,235 99 33,235 99 Total ALLL $ 22,224 $ 505 $ 2,830,927 $ 23,869 $ 2,853,151 $ 24,374 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 September 30, 2015 is summarized below: July 1, September 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,409 $ (218 ) $ 4 $ 239 $ 2,434 Home equity lines of credit 113 — — 44 157 Junior lien loan on residence 73 — 10 (12 ) 71 Multifamily property 8,623 — — 544 9,167 Owner-occupied commercial real estate 2,286 — — 357 2,643 Investment commercial real estate 7,779 (16 ) 4 405 8,172 Commercial and industrial 1,589 — 22 16 1,627 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — — 2 Consumer and other loans 93 (1 ) — 7 99 Total ALLL $ 22,969 $ (235 ) $ 40 $ 1,600 $ 24,374 The activity in the allowance for loan losses for the nine months ended September 30, 2015 is summarized below: January 1, September 30, 2015 Provision 2015 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,923 $ (329 ) $ 74 $ (234 ) $ 2,434 Home equity lines of credit 156 (110 ) 1 110 157 Junior lien loan on residence 109 — 48 (86 ) 71 Multifamily property 8,983 — — 184 9,167 Owner-occupied commercial real estate 1,547 — 11 1,085 2,643 Investment commercial real estate 4,751 (16 ) 14 3,423 8,172 Commercial and industrial 880 (7 ) 68 686 1,627 Secured by farmland and agricultural production 4 — — (2 ) 2 Commercial construction 31 — — (29 ) 2 Consumer and other loans 96 (22 ) 12 13 99 Total ALLL $ 19,480 $ (484 ) $ 228 $ 5,150 $ 24,374 The activity in the allowance for loan losses for the three months ended September 30, 2014 is summarized below: July 1, September 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 3,002 $ (105 ) $ — $ 24 $ 2,921 Home equity lines of credit 176 24 — (53 ) 147 Junior lien loan on residence 148 — 30 (56 ) 122 Multifamily property 6,288 — — 1,152 7,440 Owner-occupied commercial real estate 1,839 (25 ) — 65 1,879 Investment commercial real estate 4,597 — 4 (64 ) 4,537 Agricultural production loans 2 — — (2 ) — Commercial and industrial 1,041 — 21 76 1,138 Secured by farmland 2 — — — 2 Commercial construction 33 — — (1 ) 32 Consumer and other loans 76 (5 ) 1 9 81 Total ALLL $ 17,204 $ (111 ) $ 56 $ 1,150 $ 18,299 The activity in the allowance for loan losses for the nine months ended September 30, 2014 is summarized below: January 1, September 30, 2014 Provision 2014 Beginning (Credit) Ending (In thousands) ALLL Charge-offs Recoveries ALLL Primary residential mortgage $ 2,361 $ (150 ) $ — $ 710 $ 2,921 Home equity lines of credit 181 — — (34 ) 147 Junior lien loan on residence 156 (1 ) 74 (107 ) 122 Multifamily property 4,003 — — 3,437 7,440 Owner-occupied commercial real estate 2,563 (670 ) 80 (94 ) 1,879 Investment commercial real estate 5,083 — 12 (558 ) 4,537 Commercial and industrial 825 (97 ) 54 356 1,138 Secured by farmland 3 — — (1 ) 2 Commercial construction 120 — — (88 ) 32 Consumer and other loans 78 (7 ) 6 4 81 Total ALLL $ 15,373 $ (925 ) $ 226 $ 3,625 $ 18,299
Schedule of loans individually evaluated for impairment	September 30, 2015 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 8,073 $ 6,908 $ — $ 5,250 Owner-occupied commercial real estate 1,478 1,301 — 1,407 Investment commercial real estate 10,258 10,262 — 10,356 Commercial and industrial 99 99 — 132 Home equity lines of credit 204 201 — 197 Junior lien loan on residence 329 194 — 156 Consumer and other — — — 1 Total loans with no related allowance $ 20,441 $ 18,965 $ — $ 17,499 With related allowance recorded: Primary residential mortgage $ 1,806 $ 1,762 $ 256 $ 1,568 Investment commercial real estate 1,273 1,257 63 1,270 Commercial and industrial 179 142 142 146 Home equity lines of credit 98 98 44 1 Total loans with related allowance $ 3,356 $ 3,259 $ 505 $ 2,985 Total loans individually evaluated for impairment $ 23,797 $ 22,224 $ 505 $ 20,484 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	September 30, 2015 Loans Past Due Over 90 Days And Still Accruing (In thousands) Nonaccrual Interest Primary residential mortgage $ 5,232 $ — Home equity lines of credit 299 — Junior lien loan on residence 134 — Owner-occupied commercial real estate 1,301 — Investment commercial real estate 408 — Commercial and industrial 241 — Total $ 7,615 $ — 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	September 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 $ 1,041 $ 196 $ — $ 1,237 Home equity lines of credit 274 — — 274 Owner-occupied commercial real estate 226 — — 226 Investment commercial real estate 690 — — 690 Commercial and industrial 227 94 — 321 Total $ 2,458 $ 290 $ — $ 2,748 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 $ 471,377 $ 1,342 $ 9,069 $ — Home equity lines of credit 50,229 — 299 — Junior lien loan on residence 11,126 — 194 — Multifamily property 1,435,360 7,759 1,215 — Owner-occupied commercial real estate 143,519 938 5,013 — Investment commercial real estate 523,950 9,482 25,954 — Commercial and industrial 116,560 5,957 241 — Farmland 182 — — — Commercial construction — 150 — — Consumer and other loans 33,235 — — — Total $ 2,785,538 $ 25,628 $ 41,985 $ — 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 TDRs that occurred during the three month period ended September 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 5 $ 1,645 $ 1,645 Home equity line of credit 1 98 98 Junior lien loan on residence 1 60 60 Total 7 $ 1,803 $ 1,803 The following table presents loans by class modified as TDRs that occurred during the nine month period ended September 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 7 $ 1,870 $ 1,870 Home equity line of credit 1 98 98 Junior lien loan on residence 1 60 60 Owner-occupied commercial real estate 1 767 767 Total 10 $ 2,795 $ 2,795 The identification of the troubled debt restructurings did not have a significant impact on the allowance for loan losses. The following table presents loans by class modified as TDRs that occurred during the three month period ended September 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 3 $ 772 $ 772 Total 3 $ 772 $ 772 The following table presents loans by class modified as TDRs that occurred during the nine month period ended September 30, 2014: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 5 $ 1,374 $ 1,374 Investment commercial real estate 2 2,787 2,787 Total 7 $ 4,161 $ 4,161 The following table presents loans by class modified as TDRs for which there was a payment default, within twelve months of modification, during the three month period ended September 30, 2015: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 133 Total 1 $ 133 The following table presents loans by class modified as TDRs for which there was a payment default, within twelve months of modification, during the nine month period ended September 30, 2015: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 2 $ 530 Total 2 $ 530 There were no loans that were modified as TDRs for which there was a payment default, within twelve months of modification, during the three months ended September 30, 2014. The following table presents loans by class modified as TDRs for which there was a payment default, within twelve months of modification, during the nine month period ended September 30, 2014: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 54 Total 1 $ 54

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2015
DEPOSITS [Abstract]
Schedule of deposit liabilities	September 30, December 31, 2015 2014 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 399,200 13.83 % $ 366,371 15.94 % Interest-bearing checking 829,970 28.74 600,889 26.14 Savings 117,665 4.07 112,878 4.91 Money market 792,685 27.45 700,069 30.45 Certificates of deposit 411,335 14.25 198,819 8.65 2,550,855 88.34 1,979,026 86.09 Interest-bearing demand - Brokered 243,000 8.42 188,000 8.18 Certificates of deposit - Brokered 93,690 3.24 131,667 5.73 Total deposits $ 2,887,545 100.00 % $ 2,298,693 100.00 %
Schedule of maturities of time deposits	(In thousands) 2015 $ 31,037 2016 64,357 2017 87,836 2018 164,704 2019 63,072 Over 5 Years 94,019 Total $ 505,025

FEDERAL HOME LOAN BANK ADVANC26

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Tables)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 30, 2015
BUSINESS SEGMENTS [Abstract]
Schedule of income and total assets for reportable segments	Three Months Ended September 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 20,697 $ 1,009 $ 21,706 Noninterest income 1,399 4,211 5,610 Total income 22,096 5,220 27,316 Provision for loan losses 1,600 — 1,600 Salaries and benefits 7,935 2,387 10,322 Premises and equipment expense 2,549 236 2,785 Other noninterest expense 2,699 1,093 3,792 Total noninterest expense 14,783 3,716 18,499 Income before income tax expense 7,313 1,504 8,817 Income tax expense 2,849 585 3,434 Net income $ 4,464 $ 919 $ 5,383 Three Months Ended September 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 16,207 $ 841 $ 17,048 Noninterest income 1,324 3,728 5,052 Total income 17,531 4,569 22,100 Provision for loan losses 1,150 — 1,150 Salaries and benefits 7,334 1,782 9,116 Premises and equipment expense 2,367 197 2,564 Other noninterest expense 2,102 911 3,013 Total noninterest expense 12,953 2,890 15,843 Income before income tax expense 4,578 1,679 6,257 Income tax expense 1,730 663 2,393 Net income $ 2,848 $ 1,016 $ 3,864 Nine Months Ended September 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 58,618 $ 3,015 $ 61,633 Noninterest income 5,072 12,919 17,991 Total income 63,690 15,934 79,624 Provision for loan losses 5,150 — 5,150 Salaries and benefits 23,305 6,314 29,619 Premises and equipment expense 7,483 696 8,179 Other noninterest expense 7,654 3,481 11,135 Total noninterest expense 43,592 10,491 54,083 Income before income tax expense 20,098 5,443 25,541 Income tax expense 7,794 2,118 9,912 Net income $ 12,304 $ 3,325 $ 15,629 Total assets for period end $ 3,233,455 $ 35,508 $ 3,268,963 Nine Months Ended September 30, 2014 Wealth Management (In thousands) Banking Division Total Net interest income $ 46,733 $ 2,809 $ 49,542 Noninterest income 3,921 11,599 15,520 Total income 50,654 14,408 65,062 Provision for loan losses 3,625 — 3,625 Salaries and benefits 21,490 5,563 27,053 Premises and equipment expense 6,802 534 7,336 Other noninterest expense 6,339 3,234 9,573 Total noninterest expense 38,256 9,331 47,587 Income before income tax expense 12,398 5,077 17,475 Income tax expense 4,822 1,975 6,797 Net income $ 7,576 $ 3,102 $ 10,678 Total assets for period end $ 2,487,076 $ 27,445 $ 2,514,521

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 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 September 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 4,846 $ — $ 4,846 $ — Mortgage-backed securities- residential 172,781 — 172,781 — SBA pool securities 7,643 — 7,643 — State and political subdivisions 29,913 — 29,913 — Single-Issuer Trust Preferred 2,775 — 2,775 — CRA investment fund 2,972 2,972 — — Loans held for sale, at fair value 501 — 501 — Derivatives: Loan level swaps 1,324 — 1,324 — Total $ 222,755 $ 2,972 $ 219,783 $ — Liabilities: Derivatives: Cash flow hedges $ (3,379 ) $ — $ (3,379 ) $ — Loan level swaps (1,324 ) — (1,324 ) — Total $ (4,703 ) $ — $ (4,703 ) $ — 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) September 30, 2015 December 31, 2014 Residential loans contractual balance $ 492 $ 826 Fair value adjustment 9 13 Total fair value of residential loans held for sale $ 501 $ 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 September 30, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Primary residential mortgage $ 82 $ — $ — $ 82 Home equity line of credit 54 — — 54 OREO 330 — — 330 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 September 30, 2015 are as follows: Fair Value Measurements at September 30, 2015 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 76,198 $ 76,198 $ — $ — $ 76,198 Securities available for sale 220,930 2,972 217,958 — 220,930 FHLB and FRB stock 11,737 — — — N/A Loans held for sale, at fair value 501 — 501 — 501 Loans held for sale, at lower of cost or fair value 27,023 — 27,023 — 27,023 Loans, net of allowance for loan losses 2,830,853 — — 2,815,489 2,815,489 Accrued interest receivable 6,839 — 629 6,210 6,839 Loan level swap derivatives 1,324 — 1,324 — 1,324 Financial liabilities Deposits $ 2,887,545 $ 2,382,520 $ 507,399 $ — $ 2,889,919 Overnight borrowings — — — — — Federal home loan bank advances 83,692 — 85,105 — 85,105 Accrued interest payable 876 106 770 — 876 Cash flow hedge derivatives 3,379 — 3,379 — 3,379 Loan level swap derivatives 1,324 — 1,324 — 1,324 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)	9 Months Ended
	Sep. 30, 2015
OTHER OPERATING EXPENSES [Abstract]
Schedule of components of other operating expenses	Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2015 2014 2015 2014 FDIC assessment $ 416 $ 350 $ 1,329 $ 928 Wealth management division other expense 469 404 1,602 1,404 Professional and legal fees 678 413 2,029 1,383 Loan expense 90 119 279 342 Provision for ORE losses 250 — 250 400 Other operating expenses 1,889 1,727 5,646 5,116 Total other operating expenses $ 3,792 $ 3,013 $ 11,135 $ 9,573

ACCUMULATED OTHER COMPREHENSI30

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Tables)	9 Months Ended
	Sep. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE (LOSS)/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 nine months ended September 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Nine Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,321 $ 523 $ (312 ) $ 211 $ 1,532 Losses on cash flow hedges (100 ) (1,899 ) — (1,899 ) (1,999 ) Accumulated other comprehensive income, net of tax $ 1,221 $ (1,376 ) $ (312 ) $ (1,688 ) $ (467 ) Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Nine Months Balance at Income Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 23 $ 1,220 $ (139 ) $ 1,081 $ 1,104 Accumulated other comprehensive income, net of tax $ 23 $ 1,220 $ (139 ) $ 1,081 $ 1,104 The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the three months ended September 30, 2015 and 2014: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,116 $ 466 $ (50 ) $ 416 $ 1,532 Losses on cash flow hedges (313 ) (1,686 ) — (1,686 ) (1,999 ) Accumulated other comprehensive income/(loss), net of tax $ 803 $ (1,220 ) $ (50 ) $ (1,270 ) $ (467 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2014 Reclassifications (Income) 2014 2014 Net unrealized holding gain on securities available for sale, net of tax $ 1,430 $ (300 ) $ (26 ) $ (326 ) $ 1,104 Accumulated other comprehensive income, net of tax $ 1,430 $ (300 ) $ (26 ) $ (326 ) $ 1,104
Schedule of the reclassifications out of accumulated other comprehensive income	Nine Months Ended September 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 527 $ 216 Securities gains, net Income tax expense (215 ) (77 ) Income tax expense Total reclassifications, net of tax $ 312 $ 139 Three Months Ended September 30, (In thousands) 2015 2014 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 83 $ 39 Securities gains, net Income tax expense (33 ) (13 ) Income tax expense Total reclassifications, net of tax $ 50 $ 26

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Sep. 30, 2015
DERIVATIVES [Abstract]
Schedule of Information about Derivatives	(In thousands) September 30, 2015 Notional amount $ 27,290 Fair value $ 1,324 Weighted average pay rates 3.06 % Weighted average receive rates 1.42 % Weighted average maturity 16.0 years (In thousands) September 30, 2015 December 31, 2014 Notional amount $ 180,000 $ 25,000 Weighted average pay rate 1.64 % 1.81 % Weighted average receive rate 0.28 % 0.21 % Weighted average maturity 4.5 years 5.0 years Unrealized loss $ (3,379 ) $ (169 ) Number of contracts 9 1
Schedule of Net Gains/(Losses)	The following table presents the net losses recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended September 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 $ (1,686 ) $ — $ — The following table presents the net losses recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the nine months ended September 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 $ (1,899 ) $ — $ —
Schedule of Notional Amount and Fair Value	September 30, 2015 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (3,379 ) Total included in other assets $ — $ — Total included in other liabilities $ 180,000 $ (3,379 ) 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 assets $ — $ — Total included in other liabilities $ 25,000 $ (169 )

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative - Other) (Details) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)shares	Sep. 30, 2014shares	Sep. 30, 2015USD ($)$ / sharesshares	Sep. 30, 2014shares
Threshold for determining nonaccrual status			90 days
Antidilutive securities	85,083	178,149	174,662	191,945
Cash dividends declared on common stock, per share | $ / shares			$ 0.15
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 | $	$ 26		$ 77
Issuance of shares for Employee Stock Purchase Plan, shares	8,799		24,258
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 ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock-Based Compensation Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Closing stock price of common stock	$ 21.17		$ 21.17
Employee Stock Option [Member]
Option term			10 years
Vesting term			5 years
Unrecognized compensation cost	$ 171		$ 171
Weighted average period, unrecognized compensation expected to be recognized (in years)			7 months 28 days
Weighted-average fair value of stock options granted (in dollars per share)				$ 7.77
Total compensation cost	54	$ 53	$ 175	$ 159
Recognized tax benefit	7	5	19	15
Restricted stock [Member]
Unrecognized compensation cost	6,200		$ 6,200
Weighted average period, unrecognized compensation expected to be recognized (in years)			4 years 3 months 18 days
Total compensation cost	$ 636	$ 435	$ 1,700	$ 1,200

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Options Outstanding) (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Number of Options
Balance | shares	345,189
Granted | shares
Exercised | shares	(14,388)
Expired | shares	(45,419)
Forfeited | shares	(8,314)
Balance | shares	277,068
Vested and expected to vest | shares	263,809
Exercisable | shares	227,961
Weighted Average Exercise Price
Balance	$ 17.38
Granted
Exercised	$ 12.60
Expired	18.48
Forfeited	14.53
Balance	17.13
Vested and expected to vest	17.33
Exercisable	$ 17.86
Weighted Average Remaining Contractual Term
Balance	4 years 8 months 19 days
Vested and Expected to Vest	4 years 8 months 19 days
Exercisable	4 years 3 months 11 days
Aggregate Intrinsic Value
Balance | $	$ 1,120
Vested and expected to vest | $	1,013
Exercisable | $	$ 104

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Weighted Average Assumptions) (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Dividend Yield	1.13%	1.02%
Expected volatility	40.00%	40.00%
Expected life	7 years	7 years
Risk-free interest rate	2.19%	2.18%

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Restricted Common Shares) (Details)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Performance Shares [Member]
Number of Shares
Balance at Beginning | shares	92,767
Granted | shares
Vested | shares
Forfeited | shares
Balance at end | shares	92,767
Weighted Average Grant Date Fair Value
Balance at Beginning	$ 18.12
Granted
Vested
Forfeited
Balance at end	$ 18.12
Restricted stock [Member]
Number of Shares
Balance at Beginning | shares	252,328
Granted | shares	160,764
Vested | shares	(67,350)
Forfeited | shares	(3,197)
Balance at end | shares	342,545
Weighted Average Grant Date Fair Value
Balance at Beginning	$ 17.34
Granted	20.94
Vested	16.37
Forfeited	20.33
Balance at end	$ 19.19

SUMMARY OF SIGNIFICANT ACCOUN37

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Net income available to common shareholders	$ 5,383	$ 3,864	$ 15,629	$ 10,678
Basic weighted average common shares outstanding (in shares)	15,253,009	11,841,777	15,083,006	11,723,873
Plus: common stock equivalents	182,930	114,579	210,741	109,634
Diluted weighted-average common shares outstanding	15,435,939	11,956,356	15,293,747	11,833,507
Net Income Per Common Share
Basic	$ 0.35	$ 0.33	$ 1.04	$ 0.91
Diluted	$ 0.35	$ 0.32	$ 1.02	$ 0.90

INVESTMENT SECURITIES AVAILAB38

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Amortized Cost and Approximate Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Amortized Cost	$ 218,451	$ 330,495
Gross Unrealized Gains	2,868	3,333
Gross Unrealized Losses	(389)	(1,176)
Fair Value	220,930	332,652
U.S. Government-Sponsored Entities [Member]
Amortized Cost	4,832	35,664
Gross Unrealized Gains	$ 14	55
Gross Unrealized Losses		(49)
Fair Value	$ 4,846	35,670
Mortgage-Backed Securities-Residential [Member]
Amortized Cost	170,465	239,975
Gross Unrealized Gains	2,379	2,725
Gross Unrealized Losses	(63)	(411)
Fair Value	172,781	242,289
SBA Pool Securities [Member]
Amortized Cost	$ 7,717	$ 8,015
Gross Unrealized Gains
Gross Unrealized Losses	$ (74)	$ (71)
Fair Value	7,643	7,944
State and Political Subdivisions [Member]
Amortized Cost	29,438	40,842
Gross Unrealized Gains	$ 475	553
Gross Unrealized Losses		(1)
Fair Value	$ 29,913	41,394
Single-Issuer Trust Preferred Security [Member]
Amortized Cost	$ 2,999	$ 2,999
Gross Unrealized Gains
Gross Unrealized Losses	$ (224)	$ (599)
Fair Value	2,775	2,400
CRA Investment Fund [Member]
Amortized Cost	$ 3,000	$ 3,000
Gross Unrealized Gains
Gross Unrealized Losses	$ (28)	$ (45)
Fair Value	$ 2,972	$ 2,955

INVESTMENT SECURITIES AVAILAB39

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Securities with Continuous Unrealized Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Approximate Fair Value
Less Than 12 Months	$ 6,615	$ 92,936
12 Months or Longer	20,193	28,746
Total	26,808	121,682
Unrealized Losses
Less Than 12 Months	(32)	(283)
12 Months or Longer	(357)	(893)
Total	(389)	(1,176)
U.S. Government-Sponsored Entities [Member]
Approximate Fair Value
Less Than 12 Months		19,119
12 Months or Longer		2,963
Total		22,082
Unrealized Losses
Less Than 12 Months		(20)
12 Months or Longer		(29)
Total		(49)
Mortgage-Backed Securities-Residential [Member]
Approximate Fair Value
Less Than 12 Months	3,770	65,368
12 Months or Longer	9,648	20,428
Total	13,418	85,796
Unrealized Losses
Less Than 12 Months	(20)	(191)
12 Months or Longer	(43)	(220)
Total	(63)	(411)
SBA Pool Securities [Member]
Approximate Fair Value
Less Than 12 Months	2,845	$ 7,944
12 Months or Longer	4,798
Total	7,643	$ 7,944
Unrealized Losses
Less Than 12 Months	(12)	$ (71)
12 Months or Longer	(62)
Total	$ (74)	$ (71)
State and Political Subdivisions [Member]
Approximate Fair Value
Less Than 12 Months		$ 505
12 Months or Longer
Total		$ 505
Unrealized Losses
Less Than 12 Months		$ (1)
12 Months or Longer
Total		$ (1)
Single-Issuer Trust Preferred Security [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	$ 2,775	$ 2,400
Total	$ 2,775	$ 2,400
Unrealized Losses
Less Than 12 Months
12 Months or Longer	$ (224)	$ (599)
Total	$ (224)	$ (599)
CRA Investment Fund [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	$ 2,972	$ 2,955
Total	$ 2,972	$ 2,955
Unrealized Losses
Less Than 12 Months
12 Months or Longer	$ (28)	$ (45)
Total	$ (28)	$ (45)

LOANS (Narrative) (Details)

LOANS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
LOANS [Abstract]
Impaired non-accrual loans	$ 7,615		$ 7,615		$ 6,850
Impaired non-accrual loans performing troubled debt restructured	14,600		14,600		13,600
Allowance allocated to troubled debt restructured loans	498		498		892
Allowance allocated to non accrual loans	222		222		204
Impaired loans	22,224		22,224		20,451
Troubled debt restructurings specific reserves to customers	$ 498		$ 498		$ 892
Gain on loans held for sale at lower of cost or fair value		$ (7)		$ 169

LOANS (Schedule of Loans Outsta

LOANS (Schedule of Loans Outstanding, by Classification) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Total loans	$ 2,855,227	$ 2,250,267
Loans and Finance Receivables [Member]
Total loans (in percent)	100.00%	100.00%
Unallocated Financing Receivables [Member]
Total loans	$ 483	$ 1,838
Unallocated Financing Receivables [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	0.02%	0.08%
Residential Mortgage [Member] | Residential Portfolio Segment [Member]
Total loans	$ 469,865	$ 466,760
Residential Mortgage [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	16.45%	20.74%
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 1,444,334	$ 1,080,256
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	50.59%	48.00%
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 399,592	$ 308,491
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	14.00%	13.71%
Commercial Loans [Member] | Commercial Portfolio Segment [Member]
Total loans	$ 456,611	$ 308,743
Commercial Loans [Member] | Commercial Portfolio Segment [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	15.99%	13.72%
Construction Loans [Member]
Total loans	$ 1,409	$ 5,998
Construction Loans [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	0.05%	0.27%
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	$ 50,370	$ 50,141
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	1.76%	2.23%
Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other [Member]
Total loans	$ 32,563	$ 28,040
Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other [Member] | Loans and Finance Receivables [Member]
Total loans (in percent)	1.14%	1.25%

LOANS (Schedule of Loan Balance

LOANS (Schedule of Loan Balances by Portfolio Class) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Total loans	$ 2,853,151	$ 2,247,257
Net deferred fees	2,076	3,010
Total loans including net deferred costs	$ 2,855,227	$ 2,250,267
Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	100.00%	100.00%
Commercial and Industrial Sector [Member]
Total loans	$ 122,758	$ 81,362
Commercial and Industrial Sector [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	4.30%	3.62%
Agricultural Sector [Member]
Total loans	$ 182	$ 364
Agricultural Sector [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.01%	0.02%
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	$ 11,320	$ 11,808
Residential Portfolio Segment [Member] | Junior Lien [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.40%	0.52%
Consumer and Other [Member]
Total loans	$ 33,235	$ 27,084
Consumer and Other [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	1.16%	1.20%
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total loans	$ 481,788	$ 480,149
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	16.88%	21.37%
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	$ 50,528	$ 50,302
Total loans including net deferred costs	$ 50,370	$ 50,141
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	1.77%	2.24%
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 1,444,334	$ 1,080,256
Total loans including net deferred costs	$ 1,444,334	$ 1,080,256
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	50.62%	48.07%
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 149,470	$ 105,446
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	5.24%	4.69%
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 559,386	$ 405,771
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	19.61%	18.06%
Construction Loans [Member]
Total loans including net deferred costs	$ 1,409	$ 5,998
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total loans	$ 150	$ 4,715
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member]
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	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Total Loans Individually Evaluated for Impairment	$ 22,224		$ 20,451
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	505		957
Total Loans Collectively Evaluated for Impairment	2,830,927		2,226,806
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	23,869		18,523
Total Loans	2,853,151		2,247,257
Total Ending ALLL	24,374	$ 22,969	19,480	$ 18,299	$ 17,204	$ 15,373
Commercial and Industrial Sector [Member]
Total Loans Individually Evaluated for Impairment	241		248
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	142		149
Total Loans Collectively Evaluated for Impairment	122,517		81,114
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	1,485		731
Total Loans	122,758		81,362
Total Ending ALLL	$ 1,627	1,589	$ 880	1,138	1,041	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	$ 182		$ 364
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2		4
Total Loans	182		364
Total Ending ALLL	2	2	4
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans Individually Evaluated for Impairment	$ 194		$ 164
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 11,126		$ 11,644
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	71		109
Total Loans	11,320		11,808
Total Ending ALLL	$ 71	73	109	122	148	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	$ 33,235		27,082
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	99		94
Total Loans	33,235		27,084
Total Ending ALLL	99	93	96	81	76	78
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	8,670		6,500
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	256		317
Total Loans Collectively Evaluated for Impairment	473,118		473,649
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,178		2,606
Total Loans	481,788		480,149
Total Ending ALLL	2,434	2,409	2,923	2,921	3,002	2,361
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	299		$ 210
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	44
Total Loans Collectively Evaluated for Impairment	50,229		$ 50,092
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	113		156
Total Loans	50,528		50,302
Total Ending ALLL	$ 157	113	$ 156	147	176	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	$ 1,444,334		$ 1,080,256
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	9,167		8,983
Total Loans	1,444,334		1,080,256
Total Ending ALLL	9,167	8,623	8,983	7,440	6,288	4,003
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	$ 1,301		$ 1,674
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	$ 148,169		$ 103,772
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,643		1,547
Total Loans	149,470		105,446
Total Ending ALLL	2,643	2,286	1,547	1,879	1,839	2,563
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	11,519		11,653
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	63		489
Total Loans Collectively Evaluated for Impairment	547,867		394,118
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	8,109		4,262
Total Loans	559,386		405,771
Total Ending ALLL	$ 8,172	7,779	$ 4,751	4,537	4,597	5,083
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	$ 2	$ 31	$ 32	$ 33	$ 120

LOANS (Schedule of Schedule of

LOANS (Schedule of Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Unpaid Principal Balance
With no related allowance recorded	$ 20,441	$ 13,098
With related allowance recorded	3,356	8,549
Total loans individually evaluated impairment	23,797	21,647
Recorded Investment
With no related allowance recorded	18,965	12,205
With related allowance recorded	3,259	8,246
Total loans individually evaluated impairment	22,224	20,451
Specific Reserves	505	957
Average Impaired Loans
With no related allowance recorded	17,499	12,185
With related allowance recorded	2,985	7,537
Total loans individually evaluated impairment	20,484	19,722
Commercial and Industrial Sector [Member]
Unpaid Principal Balance
With no related allowance recorded	99	99
With related allowance recorded	179	179
Recorded Investment
With no related allowance recorded	99	99
With related allowance recorded	142	149
Specific Reserves	142	149
Average Impaired Loans
With no related allowance recorded	132	155
With related allowance recorded	146	249
Residential Portfolio Segment [Member] | Junior Lien [Member]
Unpaid Principal Balance
With no related allowance recorded	329	293
Recorded Investment
With no related allowance recorded	194	164
Average Impaired Loans
With no related allowance recorded	$ 156	$ 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	8,073	$ 5,264
With related allowance recorded	1,806	2,138
Recorded Investment
With no related allowance recorded	6,908	4,635
With related allowance recorded	1,762	1,865
Specific Reserves	256	317
Average Impaired Loans
With no related allowance recorded	5,250	3,543
With related allowance recorded	1,568	1,361
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	204	210
With related allowance recorded	98
Recorded Investment
With no related allowance recorded	201	210
With related allowance recorded	98
Specific Reserves	44
Average Impaired Loans
With no related allowance recorded	197	111
With related allowance recorded	1
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	1,478	1,809
Recorded Investment
With no related allowance recorded	1,301	1,674
Average Impaired Loans
With no related allowance recorded	1,407	2,626
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	10,258	5,423
With related allowance recorded	1,273	6,230
Recorded Investment
With no related allowance recorded	10,262	5,423
With related allowance recorded	1,257	6,230
Specific Reserves	63	489
Average Impaired Loans
With no related allowance recorded	10,356	5,512
With related allowance recorded	$ 1,270	$ 5,927

LOANS (Schedule of Investment i

LOANS (Schedule of Investment in Nonaccrual and Loans Past Due Over 90 Days) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired non-accrual loans	$ 7,615	$ 6,850
Loans Past Due Over 90 Days And Still Accruing Interest
Commercial and Industrial Sector [Member]
Impaired non-accrual loans	$ 241	$ 248
Loans Past Due Over 90 Days And Still Accruing Interest
Residential Portfolio Segment [Member] | Junior Lien [Member]
Impaired non-accrual loans	$ 134	$ 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	$ 5,232	$ 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	$ 299	$ 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	$ 1,301	$ 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	$ 408	$ 424
Loans Past Due Over 90 Days And Still Accruing Interest

LOANS (Schedule of Schedule o46

LOANS (Schedule of Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total Past Due	$ 2,748	$ 1,755
30 to 59 Days Past Due [Member]
Total Past Due	2,458	1,352
60 to 89 Days Past Due [Member]
Total Past Due	$ 290	$ 403
Greater Than 90 Days Past Due [Member]
Total Past Due
Commercial and Industrial Sector [Member]
Total Past Due	$ 321
Commercial and Industrial Sector [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	227
Commercial and Industrial Sector [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	$ 94
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	$ 1,237	$ 1,505
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	1,041	1,102
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due	$ 196	$ 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	$ 274	$ 99
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 274	$ 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	$ 226
Owner Occupied Property [Member] | Commercial and Industrial Sector [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 226
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	$ 690	$ 1
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 690	$ 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 o47

LOANS (Schedule of Schedule of Risk Category of Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total Loans	$ 2,853,151	$ 2,247,257
Pass [Member]
Total Loans	2,785,538	2,197,300
Special Mention [Member]
Total Loans	25,628	14,148
Substandard [Member]
Total Loans	$ 41,985	$ 35,809
Doubtful [Member]
Total Loans
Commercial and Industrial Sector [Member]
Total Loans	$ 122,758	$ 81,362
Commercial and Industrial Sector [Member] | Pass [Member]
Total Loans	116,560	81,093
Commercial and Industrial Sector [Member] | Special Mention [Member]
Total Loans	5,957	21
Commercial and Industrial Sector [Member] | Substandard [Member]
Total Loans	$ 241	$ 248
Commercial and Industrial Sector [Member] | Doubtful [Member]
Total Loans
Agricultural Sector [Member]
Total Loans	$ 182	$ 364
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans	11,320	11,808
Residential Portfolio Segment [Member] | Junior Lien [Member] | Pass [Member]
Total Loans	$ 11,126	$ 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	$ 194	$ 164
Residential Portfolio Segment [Member] | Junior Lien [Member] | Doubtful [Member]
Total Loans
Consumer and Other [Member]
Total Loans	$ 33,235	$ 27,084
Consumer and Other [Member] | Pass [Member]
Total Loans	$ 33,235	$ 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	$ 481,788	$ 480,149
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Total Loans	471,377	471,219
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Total Loans	1,342	1,366
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 9,069	$ 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	$ 50,528	$ 50,302
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Total Loans	$ 50,229	$ 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	$ 299	$ 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	$ 1,444,334	$ 1,080,256
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Total Loans	1,435,360	1,078,944
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Total Loans	7,759	490
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 1,215	$ 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	$ 149,470	$ 105,446
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Total Loans	143,519	99,432
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Total Loans	938	473
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 5,013	$ 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	$ 559,386	$ 405,771
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Total Loans	523,950	372,865
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Total Loans	9,482	11,648
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Total Loans	$ 25,954	$ 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	$ 182	$ 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Allowance for loan losses
Beginning ALLL	$ 22,969	$ 17,204	$ 19,480	$ 15,373
Charge-Offs	(235)	(111)	(484)	(925)
Recoveries	40	56	228	226
Provision (Credit)	1,600	1,150	5,150	3,625
Ending ALLL	24,374	18,299	24,374	18,299
Commercial and Industrial Sector [Member]
Allowance for loan losses
Beginning ALLL	$ 1,589	$ 1,041	880	825
Charge-Offs			(7)	(97)
Recoveries	$ 22	$ 21	68	54
Provision (Credit)	16	76	686	356
Ending ALLL	1,627	1,138	1,627	1,138
Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL	$ 2		$ 4
Charge-Offs
Recoveries
Provision (Credit)			$ (2)
Ending ALLL	$ 2		2
Agricultural Sector [Member] | Secured by farmland [Member]
Allowance for loan losses
Beginning ALLL		$ 2		$ 3
Charge-Offs
Recoveries
Provision (Credit)				$ (1)
Ending ALLL		$ 2		2
Residential Portfolio Segment [Member] | Junior Lien [Member]
Allowance for loan losses
Beginning ALLL	$ 73	$ 148	$ 109	156
Charge-Offs				(1)
Recoveries	$ 10	$ 30	$ 48	74
Provision (Credit)	(12)	(56)	(86)	(107)
Ending ALLL	71	122	71	122
Consumer and Other [Member]
Allowance for loan losses
Beginning ALLL	93	76	96	78
Charge-Offs	$ (1)	(5)	(22)	(7)
Recoveries		1	12	6
Provision (Credit)	$ 7	9	13	4
Ending ALLL	99	81	99	81
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	2,409	3,002	2,923	2,361
Charge-Offs	(218)	$ (105)	(329)	$ (150)
Recoveries	4		74
Provision (Credit)	239	$ 24	(234)	$ 710
Ending ALLL	2,434	2,921	2,434	2,921
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 113	176	156	$ 181
Charge-Offs		$ 24	(110)
Recoveries			1
Provision (Credit)	$ 44	$ (53)	110	$ (34)
Ending ALLL	157	147	157	147
Multifamily Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 8,623	$ 6,288	$ 8,983	$ 4,003
Charge-Offs
Recoveries
Provision (Credit)	$ 544	$ 1,152	$ 184	$ 3,437
Ending ALLL	9,167	7,440	9,167	7,440
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 2,286	1,839	$ 1,547	2,563
Charge-Offs		$ (25)		(670)
Recoveries			$ 11	80
Provision (Credit)	$ 357	$ 65	1,085	(94)
Ending ALLL	2,643	1,879	2,643	1,879
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	7,779	$ 4,597	4,751	$ 5,083
Charge-Offs	(16)		(16)
Recoveries	4	$ 4	14	$ 12
Provision (Credit)	405	(64)	3,423	(558)
Ending ALLL	8,172	4,537	8,172	$ 4,537
Agricultural Production Loans [Member] | Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL		$ 2
Charge-Offs
Recoveries
Provision (Credit)		$ (2)
Ending ALLL
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	$ 2	$ 33	$ 31	$ 120
Charge-Offs
Recoveries
Provision (Credit)		$ (1)	$ (29)	$ (88)
Ending ALLL	$ 2	$ 32	$ 2	$ 32

LOANS (Schedule of Loans Modifi

LOANS (Schedule of Loans Modified as Troubled Debt Restructurings) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)N	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)N
Number of Contracts | N	7	3	10	7
Pre-Modification Outstanding Recorded Investment	$ 1,803	$ 772	$ 2,795	$ 4,161
Post-Modification Outstanding Recorded Investment	$ 1,803	$ 772	$ 2,795	$ 4,161
Residential Portfolio Segment [Member] | Junior Lien [Member]
Number of Contracts | N	1		1
Pre-Modification Outstanding Recorded Investment	$ 60		$ 60
Post-Modification Outstanding Recorded Investment	$ 60		$ 60
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Number of Contracts | N	5	3	7	5
Pre-Modification Outstanding Recorded Investment	$ 1,645	$ 772	$ 1,870	$ 1,374
Post-Modification Outstanding Recorded Investment	$ 1,645	$ 772	$ 1,870	$ 1,374
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Number of Contracts | N	1		1
Pre-Modification Outstanding Recorded Investment	$ 98		$ 98
Post-Modification Outstanding Recorded Investment	$ 98		$ 98
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts | N			1
Pre-Modification Outstanding Recorded Investment			$ 767
Post-Modification Outstanding Recorded Investment			$ 767
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts | N				2
Pre-Modification Outstanding Recorded Investment				$ 2,787
Post-Modification Outstanding Recorded Investment				$ 2,787

LOANS (Schedule of Modified as

LOANS (Schedule of Modified as Troubled Debt Restructurings Subsequently Defaulted) (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)N	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)N
Number of Subsequently Defaulted Contracts | N	1	2	1
Subsequently Defaulted Recorded Investment	$ 133	$ 530	$ 54
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Number of Subsequently Defaulted Contracts | N	1	2	1
Subsequently Defaulted Recorded Investment	$ 133	$ 530	$ 54

DEPOSITS (Details of Total Depo

DEPOSITS (Details of Total Deposits) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
DEPOSITS [Abstract]
Time deposits over $250,000	$ 106,100		$ 17,300
Deposits:
Noninterest-bearing demand deposits	399,200	$ 366,371
Interest-bearing deposits checking	829,970	600,889
Savings	117,665	112,878
Money market	792,685	700,069
Certificates of deposit - Retail	411,335	198,819
Sub-total	2,550,855	1,979,026
Interest-bearing demand - Brokered	243,000	188,000
Certificates of deposit - Brokered	93,690	131,667
Total deposits	$ 2,887,545	$ 2,298,693
%
Noninterest-bearing demand deposits	13.83%	15.94%
Interest-bearing checking	28.74%	26.14%
Savings	4.07%	4.91%
Money market	27.45%	30.45%
Certificates of deposit	14.25%	8.65%
Sub-total	88.34%	86.09%
Interest-bearing demand - Brokered	8.42%	8.18%
Certificates of deposit - Brokered	3.24%	5.73%
Total deposits	100.00%	100.00%

DEPOSITS (Scheduled Maturities

DEPOSITS (Scheduled Maturities of Time Deposits) (Details) $ in Thousands	Sep. 30, 2015USD ($)
Scheduled maturities of time deposits
2,015	$ 31,037
2,016	64,357
2,017	87,836
2,018	164,704
2,019	63,072
Over 5 Years	94,019
Total	$ 505,025

FEDERAL HOME LOAN BANK ADVANC53

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Narrative) (Details) - USD ($) $ in Thousands	Sep. 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	$ 398,300
Multifamily mortgage loans pledged as collateral for advances	1,160,000
Callable variable rate advances	$ 12,000
Weighted average interest rate on variable advances (in percent)	3.01%
Investment pledges against advances	$ 13,900
Overnight borrowings of debt		$ 54,600

FEDERAL HOME LOAN BANK ADVANC54

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Schedule of Maturities) (Details) - USD ($) $ in Thousands	Sep. 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		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)segments	Sep. 30, 2014USD ($)
Number of Operating Segments | segments			2
Net interest income	$ 21,706	$ 17,048	$ 61,633	$ 49,542
Noninterest income	5,610	5,052	17,991	15,520
Total income	27,316	22,100	79,624	65,062
Provision for loan losses	1,600	1,150	5,150	3,625
Salaries and benefits	10,322	9,116	29,619	27,053
Premises and equipment	2,785	2,564	8,179	7,336
Other noninterest expense	3,792	3,013	11,135	9,573
Total noninterest expense	18,499	15,843	54,083	47,587
INCOME BEFORE INCOME TAX EXPENSE	8,817	6,257	25,541	17,475
Income tax expense	3,434	2,393	9,912	6,797
NET INCOME	5,383	3,864	15,629	10,678
Total assets at period end	3,268,963	2,514,521	3,268,963	2,514,521
Banking [Member]
Net interest income	20,697	16,207	58,618	46,733
Noninterest income	1,399	1,324	5,072	3,921
Total income	22,096	17,531	63,690	50,654
Provision for loan losses	1,600	1,150	5,150	3,625
Salaries and benefits	7,935	7,334	23,305	21,490
Premises and equipment	2,549	2,367	7,483	6,802
Other noninterest expense	2,699	2,102	7,654	6,339
Total noninterest expense	14,783	12,953	43,592	38,256
INCOME BEFORE INCOME TAX EXPENSE	7,313	4,578	20,098	12,398
Income tax expense	2,849	1,730	7,794	4,822
NET INCOME	4,464	2,848	12,304	7,576
Total assets at period end	3,233,455	2,487,076	3,233,455	2,487,076
Wealth Management Division [Member]
Net interest income	1,009	841	3,015	2,809
Noninterest income	4,211	3,728	12,919	11,599
Total income	$ 5,220	$ 4,569	$ 15,934	$ 14,408
Provision for loan losses
Salaries and benefits	$ 2,387	$ 1,782	$ 6,314	$ 5,563
Premises and equipment	236	197	696	534
Other noninterest expense	1,093	911	3,481	3,234
Total noninterest expense	3,716	2,890	10,491	9,331
INCOME BEFORE INCOME TAX EXPENSE	1,504	1,679	5,443	5,077
Income tax expense	585	663	2,118	1,975
NET INCOME	919	1,016	3,325	3,102
Total assets at period end	$ 35,508	$ 27,445	$ 35,508	$ 27,445

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
FAIR VALUE [Abstract]
Loans held for sale, at fair value	$ 501		$ 501		$ 839
Impaired collateral loans recorded investment	187		187		648
Impaired collateral loans valuation allowance	51		51		$ 105
Provision for ORE losses	$ 250		$ 250	$ 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	Sep. 30, 2015	Dec. 31, 2014
Securities available for sale	$ 220,930	$ 332,652
Loans held for sale, at fair value	501	839
U.S. Government-Sponsored Entities [Member]
Securities available for sale	4,846	35,670
Mortgage-Backed Securities-Residential [Member]
Securities available for sale	172,781	242,289
SBA Pool Securities [Member]
Securities available for sale	7,643	7,944
State and Political Subdivisions [Member]
Securities available for sale	29,913	41,394
Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,775	2,400
CRA Investment Fund [Member]
Securities available for sale	2,972	2,955
Recurring Basis [Member]
Loans held for sale, at fair value	501	839
Total	222,755	333,491
Derivatives	(4,703)	(169)
Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives	(3,379)
Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	1,324
Derivatives	(1,324)
Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	4,846	35,670
Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	172,781	242,289
Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale	7,643	7,944
Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale	29,913	41,394
Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,775	2,400
Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale	$ 2,972	$ 2,955
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Loans held for sale, at fair value
Total	$ 2,972	$ 2,955
Derivatives
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Designated as Hedging Instrument [Member]
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	$ 2,972	$ 2,955
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Loans held for sale, at fair value	501	839
Total	219,783	330,536
Derivatives	(4,703)	(169)
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Designated as Hedging Instrument [Member]
Derivatives	(3,379)
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	1,324
Derivatives	(1,324)
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	4,846	35,670
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	172,781	242,289
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | SBA Pool Securities [Member]
Securities available for sale	7,643	7,944
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | State and Political Subdivisions [Member]
Securities available for sale	29,913	41,394
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	$ 2,775	$ 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
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	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
FAIR VALUE [Abstract]
Residential loans contractual balance	$ 492	$ 826
Fair value adjustment	9	13
Total fair value of residential loans held for sale	$ 501	$ 839

FAIR VALUE (Schedule of Asset59

FAIR VALUE (Schedule of Assets Measured on a Non-Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
OREO	$ 330	$ 1,324
Non-Recurring Basis [Member]
OREO	330	580
Non-Recurring Basis [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Impaired loans	82	$ 543
Non-Recurring Basis [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Impaired loans	$ 54
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] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Impaired loans
Non-Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Impaired loans
Non-Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
OREO
Non-Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Impaired loans
Non-Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Impaired loans
Non-Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member]
OREO	$ 330	$ 580
Non-Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Impaired loans	82	$ 543
Non-Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Impaired loans	$ 54

FAIR VALUE (Schedule of Financi

FAIR VALUE (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial Assets:
Securities available for sale	$ 220,930	$ 332,652
FHLB and FRB Stock	11,737	11,593
Loans held for sale, at fair value	501	$ 839
Loans held for sale, at lower of cost or fair value	27,023
Accrued interest receivable	6,839	$ 5,371
Financial Liabilities:
Federal home loan bank advances	83,692	83,700
Carrying Value [Member]
Financial Assets:
Cash and cash equivalents	76,198	31,207
Securities available for sale	220,930	332,652
FHLB and FRB Stock	11,737	11,593
Loans held for sale, at fair value	501	839
Loans held for sale, at lower of cost or fair value	27,023
Loans, net of allowance for loan losses	2,830,853	2,230,787
Accrued interest receivable	6,839	5,371
Financial Liabilities:
Deposits	$ 2,887,545	2,298,693
Overnight borrowings		54,600
Federal home loan bank advances	$ 83,692	83,692
Accrued interest payable	876	496
Derivatives		169
Carrying Value [Member] | Designated as Hedging Instrument [Member]
Financial Liabilities:
Derivatives	3,379
Carrying Value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	1,324
Financial Liabilities:
Derivatives	1,324
Fair value [Member]
Financial Assets:
Cash and cash equivalents	76,198	31,207
Securities available for sale	$ 220,930	$ 332,652
FHLB and FRB Stock
Loans held for sale, at fair value	$ 501	$ 839
Loans held for sale, at lower of cost or fair value	27,023
Loans, net of allowance for loan losses	2,815,489	2,213,604
Accrued interest receivable	6,839	5,371
Financial Liabilities:
Deposits	$ 2,889,919	2,297,786
Overnight borrowings		54,600
Federal home loan bank advances	$ 85,105	84,677
Accrued interest payable	876	496
Derivatives		169
Fair value [Member] | Designated as Hedging Instrument [Member]
Financial Liabilities:
Derivatives	3,379
Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	1,324
Financial Liabilities:
Derivatives	1,324
Fair value [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	76,198	30,707
Securities available for sale	$ 2,972	$ 2,955
FHLB and FRB Stock
Loans held for sale, at fair value
Loans held for sale, at lower of cost or fair value
Loans, net of allowance for loan losses
Accrued interest receivable
Financial Liabilities:
Deposits	$ 2,382,520	$ 1,968,207
Overnight borrowings
Federal home loan bank advances
Accrued interest payable	$ 106	$ 103
Derivatives
Fair value [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Designated as Hedging Instrument [Member]
Financial Liabilities:
Derivatives
Fair value [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Cash and cash equivalents		$ 500
Securities available for sale	$ 217,958	329,697
FHLB and FRB Stock
Loans held for sale, at fair value	$ 501	839
Loans held for sale, at lower of cost or fair value	$ 27,023
Loans, net of allowance for loan losses
Accrued interest receivable	$ 629	924
Financial Liabilities:
Deposits	$ 507,399	329,579
Overnight borrowings		54,600
Federal home loan bank advances	$ 85,105	84,677
Accrued interest payable	770	393
Derivatives		$ 169
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Designated as Hedging Instrument [Member]
Financial Liabilities:
Derivatives	3,379
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	1,324
Financial Liabilities:
Derivatives	$ 1,324
Fair value [Member] | 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 held for sale, at lower of cost or fair value
Loans, net of allowance for loan losses	$ 2,815,489	$ 2,213,604
Accrued interest receivable	$ 6,210	$ 4,447
Financial Liabilities:
Deposits
Overnight borrowings
Federal home loan bank advances
Accrued interest payable
Derivatives
Fair value [Member] | Significant Unobservable Inputs (Level 3) [Member] | Designated as Hedging Instrument [Member]
Financial Liabilities:
Derivatives
Fair value [Member] | Significant Unobservable Inputs (Level 3) [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives

OTHER OPERATING EXPENSES (Detai

OTHER OPERATING EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other operating expenses
FDIC assessment	$ 416	$ 350	$ 1,329	$ 928
Wealth management division other expense	469	404	1,602	1,404
Professional and legal fees	678	413	2,029	1,383
Loan expense	90	$ 119	279	342
Provision for ORE losses	250		250	400
Other operating expenses	1,889	$ 1,727	5,646	5,116
Total other operating expenses	$ 3,792	$ 3,013	$ 11,135	$ 9,573

ACCUMULATED OTHER COMPREHENSI62

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Accumulated Other Comprehensive Income Balances, Net of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			$ 242,267
Total other comprehensive (loss)/income	$ (1,270)	$ (326)	(1,688)	$ 1,081
Balance	266,400		266,400
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	1,116	1,430	1,321	23
Other Comprehensive Income/(Loss) Before Reclassifications	466	(300)	523	1,220
Amount Reclassified From Accumulated Other Comprehensive (Income)	(50)	(26)	(312)	(139)
Total other comprehensive (loss)/income	416	(326)	211	1,081
Balance	1,532	1,104	1,532	1,104
Losses on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(313)		(100)
Other Comprehensive Income/(Loss) Before Reclassifications	$ (1,686)		$ (1,899)
Amount Reclassified From Accumulated Other Comprehensive (Income)
Total other comprehensive (loss)/income	$ (1,686)		$ (1,899)
Balance	(1,999)		(1,999)
Accumulated Other Comprehensive Income/(Loss), Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	803	1,430	1,221	23
Other Comprehensive Income/(Loss) Before Reclassifications	(1,220)	(300)	(1,376)	1,220
Amount Reclassified From Accumulated Other Comprehensive (Income)	(50)	(26)	(312)	(139)
Total other comprehensive (loss)/income	(1,270)	(326)	(1,688)	1,081
Balance	$ (467)	$ 1,104	$ (467)	$ 1,104

ACCUMULATED OTHER COMPREHENSI63

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Securities gains, net	$ 83	$ 39	$ 527	$ 216
Interest expense	4,100	2,162	10,386	5,247
Income tax expense	(3,434)	(2,393)	(9,912)	(6,797)
Net income	5,383	3,864	15,629	10,678
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	(33)	(13)	(215)	(77)
Net income	50	26	312	139
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	$ 83	$ 39	$ 527	$ 216

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)N
Derivative [Line Items]
Interest expense	$ 4,100	$ 2,162	$ 10,386	$ 5,247
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount	$ 180,000		$ 180,000		$ 25,000
Weighted average pay rate	1.64%		1.64%		1.81%
Weighted average receive rate	0.28%		0.28%		0.21%
Weighted average maturity			4 years 6 months		5 years
Unrealized loss			$ (3,379)		$ (169)
Number of contracts | N	9		9		1
Interest expense	$ 554		$ 997
Amount of Gain/(Loss) Recognized In OCI (Effective Portion)	$ (1,686)		$ (1,899)
Amount of Gain/(Loss) Reclassified From OCI to Interest Expense
Amount of Gain/(Loss) Recognized in Other Non-Interest Expense (Ineffective Portion)
Fair Value	$ (3,379)		$ (3,379)		$ (169)
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Other Assets [Member]
Derivative [Line Items]
Notional Amount
Fair Value
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Other Liabilities [Member]
Derivative [Line Items]
Notional Amount	$ 180,000		$ 180,000		$ 25,000
Fair Value	(3,379)		(3,379)		$ (169)
Not Designated as Hedging Instrument [Member] | Loan Level Swaps [Member]
Derivative [Line Items]
Notional Amount	$ 27,290		$ 27,290
Weighted average pay rate	3.06%		3.06%
Weighted average receive rate	1.42%		1.42%
Weighted average maturity			16 years
Fair Value	$ 1,324		$ 1,324

RECENT DEVELOPMENTS (Details)

RECENT DEVELOPMENTS (Details)	9 Months Ended
	Sep. 30, 2015N
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Number of Stores	2
Wealth Management Consultants, LLC [Member] | Common Stock Warrants [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Term of warrant	7 years