Peapack-Gladstone Financial (PGC) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 01, 2016
Document And Entity Information
Entity Registrant Name	PEAPACK GLADSTONE FINANCIAL CORP
Entity Central Index Key	1,050,743
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		16,657,816
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016
Trading Symbol	PGC

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 18,261	$ 11,550
Federal funds sold	101	101
Interest-earning deposits	62,968	58,509
Total cash and cash equivalents	81,330	70,160
Securities available for sale	206,216	195,630
FHLB and FRB stock, at cost	14,623	13,984
Residential mortgage loans held for sale, at fair value	4,133	1,558
Multifamily mortgage loans held for sale, at lower of cost or fair value	60,291	82,200
Loans	3,148,899	2,913,242
Less: Allowance for loan losses	29,219	25,856
Net loans	3,119,680	2,887,386
Premises and equipment	29,199	30,246
Other real estate owned	767	563
Accrued interest receivable	7,733	6,820
Bank owned life insurance	43,325	42,885
Deferred tax assets, net	18,190	15,582
Goodwill	1,573	1,573
Other intangible assets	1,646	1,708
Other assets	15,997	14,364
TOTAL ASSETS	3,604,703	3,364,659
Deposits:
Noninterest-bearing demand deposits	469,809	419,887
Interest-bearing deposits:
Interest-bearing deposits checking	897,210	861,697
Savings	120,617	115,007
Money market accounts	861,664	810,709
Certificates of deposit - Retail	466,079	434,450
Subtotal deposits	2,815,379	2,641,750
Interest-bearing demand - Brokered	200,000	200,000
Certificates of deposit - Brokered	93,660	93,720
Total deposits	3,109,039	2,935,470
Overnight borrowings with Federal Home Loan Bank	29,450	40,700
Federal Home Loan Bank advances	83,692	83,692
Capital lease obligation	9,961	10,222
Accrued expenses and other liabilities	48,698	18,899
Subordinated debt, net	28,330
TOTAL LIABILITIES	3,309,170	3,088,983
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, 17,065,581 at June 30, 2016 and 16,476,297 at December 31, 2015; outstanding shares, 16,657,403 at June 30, 2016 and 16,068,119 at December 31, 2015	14,208	13,717
Surplus	224,258	213,203
Treasury stock at cost, 408,178 shares at June 30, 2016 and December 31, 2015	(8,988)	(8,988)
Retained earnings	68,558	58,123
Accumulated other comprehensive loss, net of income tax	(2,503)	(379)
TOTAL SHAREHOLDERS' EQUITY	295,533	275,676
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$ 3,604,703	$ 3,364,659

CONSOLIDATED STATEMENTS OF CON3

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [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	17,065,581	16,476,297
Common stock, shares outstanding	16,657,403	16,068,119
Treasury stock, shares	408,178	408,178

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
INTEREST INCOME
Interest and fees on loans	$ 27,735	$ 22,624	$ 54,488	$ 43,611
Interest on securities available for sale:
Taxable	914	1,037	1,840	2,219
Tax-exempt	128	128	249	267
Interest on loans held for sale	182	24	193	34
Interest on interest-earning deposits	76	39	163	82
Total interest income	29,035	23,852	56,933	46,213
INTEREST EXPENSE
Interest on savings and interest-bearing deposit accounts	1,226	837	2,386	1,627
Interest on certificates of deposit	1,545	1,051	3,034	1,714
Interest on borrowed funds	573	428	1,052	820
Interest on capital lease obligation	120	126	242	254
Interest on subordinated debt	139		139
Subtotal - interest expense	3,603	2,442	6,853	4,415
Interest on interest-bearing demand - brokered	760	562	1,501	843
Interest on certificates of deposits - brokered	496	504	993	1,028
Total Interest expense	4,859	3,508	9,347	6,286
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	24,176	20,344	47,586	39,927
Provision for loan losses	2,200	2,200	3,900	3,550
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	21,976	18,144	43,686	36,377
OTHER INCOME
Wealth management fee income	4,899	4,532	9,194	8,563
Service charges and fees	818	837	1,625	1,642
Bank owned life insurance	345	248	687	785
Gain on loans held for sale at fair value (mortgage banking)	309	161	430	309
Gain on loans held for sale at lower of cost or fair value	500		624
Other income	559	545	1,032	638
Securities gains, net	18	176	119	444
Total other income	7,448	6,499	13,711	12,381
OPERATING EXPENSES
Salaries and employee benefits	11,100	9,872	22,008	19,297
Premises and equipment	2,742	2,778	5,606	5,394
Other operating expense	4,933	3,616	10,367	7,343
Total noninterest expense	18,775	16,266	37,981	32,034
INCOME BEFORE INCOME TAX EXPENSE	10,649	8,377	19,416	16,724
Income tax expense	4,085	3,139	7,363	6,478
NET INCOME	$ 6,564	$ 5,238	$ 12,053	$ 10,246
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.41	$ 0.34	$ 0.75	$ 0.68
Diluted (in dollars per share)	$ 0.40	$ 0.34	$ 0.74	$ 0.67
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic (in shares)	16,172,223	15,082,516	16,015,251	14,996,596
Diluted (in shares)	16,341,975	15,233,151	16,179,700	15,189,781

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net income	$ 6,564	$ 5,238	$ 12,053	$ 10,246
Unrealized gains on available for sale securities:
Unrealized holding gains/(loss) arising during the period	325	(1,135)	1,431	97
Less: Reclassification adjustment for net gains included in net income	18	176	119	444
Before tax	307	(1,311)	1,312	(347)
Tax effect	(116)	501	(496)	142
Net of tax	191	(810)	816	(205)
Unrealized loss on cash flow hedges:
Unrealized holding loss	(1,151)	631	(4,971)	(361)
Reclassification adjustment for losses included in net income
Before tax	(1,151)	631	(4,971)	(361)
Tax effect	471	(257)	2,031	148
Net of tax	(680)	374	(2,940)	(213)
Total other comprehensive (loss)/income	(489)	(436)	(2,124)	(418)
Total comprehensive income	$ 6,075	$ 4,802	$ 9,929	$ 9,828

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), Net of Tax [Member]	Total
Balance at Dec. 31, 2014					$ 1,221
Net income						$ 10,246
Other comprehensive income					(418)	(418)
Balance at Jun. 30, 2015					803
Balance at Mar. 31, 2015					1,239
Net income						5,238
Other comprehensive income					(436)	(436)
Balance at Jun. 30, 2015					803
Balance at Dec. 31, 2015	$ 13,717	$ 213,203	$ (8,988)	$ 58,123	(379)	$ 275,676
Shares outstanding at Dec. 31, 2015	16,068,119					16,068,119
Net income				12,053		$ 12,053
Other comprehensive income					(2,124)	(2,124)
Issuance of restricted stock, net of forfeitures	$ (4)	4
Issuance of restricted stock, net of forfeitures, shares	4,442
Restricted stock repurchased on vesting to pay taxes	$ (20)	(475)				(495)
Restricted stock repurchased on vesting to pay taxes, shares	24,049
Amortization of restricted stock		1,429				1,429
Cash dividends declared on common stock				(1,618)		(1,618)
Common stock option expense		34				34
Common stock options exercised and related tax benefits	$ 6	70				76
Common stock options exercised and related tax benefits, shares	7,465
Common stock options, related tax benefits, shares	6,148
Sales of shares (Dividend Reinvestment Program)	$ 493	9,652				10,145
Sales of shares (Dividend Reinvestment Program), shares	591,869
Issuance of shares for Employee Stock Purchase Plan	$ 16	341				357
Issuance of shares for Employee Stock Purchase Plan, shares	19,758
Balance at Jun. 30, 2016	$ 14,208	224,258	(8,988)	68,558	(2,503)	$ 295,533
Shares outstanding at Jun. 30, 2016	16,657,403					16,657,403
Balance at Mar. 31, 2016					(2,014)
Net income						$ 6,564
Other comprehensive income					(489)	(489)
Balance at Jun. 30, 2016	$ 14,208	$ 224,258	$ (8,988)	$ 68,558	$ (2,503)	$ 295,533
Shares outstanding at Jun. 30, 2016	16,657,403					16,657,403

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Parenthetical)	6 Months Ended
	Jun. 30, 2016$ / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock, per share	$ .10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES:
Net income	$ 12,053	$ 10,246
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,519	1,605
Amortization of premium and accretion of discount on securities, net	715	938
Amortization of restricted stock	1,429	1,098
Amortization of intangible	62
Amortization of subordinated debt costs	5
Provision of loan losses	3,900	3,550
Benefit for deferred taxes	(1,073)	(1,892)
Stock-based compensation, including ESPP	99	172
Gains on securities, available for sale	(119)	(444)
Loans originated for sale at fair value	(28,284)	(20,661)
Proceeds from sales of loans at fair value	26,139	21,064
Gains on loans held for sale at fair value	(430)	(309)
Net gains on loans held for sale at lower of cost or fair value	(624)
Losses on sale of other real estate owned		38
Gain on death benefit		(88)
Increase in cash surrender value of life insurance, net	(440)	(323)
Increase in accrued interest receivable	(913)	(1,080)
Decrease in other assets	65	2,908
Increase in accrued expenses, capital lease obligations and other liabilities	2,436	1,175
NET CASH PROVIDED BY OPERATING ACTIVITIES	16,539	17,997
INVESTING ACTIVITIES:
Maturities of securities available for sale	29,416	39,479
Redemptions for FHLB & FRB stock	56,097	32,200
Call of securities available for sale	1,540	14,880
Sales of securities available for sale	5,499	36,865
Purchase of securities available for sale	(46,325)	(5,310)
Purchase of FHLB & FRB stock	(56,736)	(36,197)
Proceeds from sales of loans held for sale at lower of cost or fair value	138,196
Net increase in loans	(352,391)	(491,732)
Sales of other real estate owned	330	330
Purchase of premises and equipment	(472)	(984)
Acquisition of a wealth management company		(800)
Proceeds from death benefit		238
NET CASH USED IN INVESTING ACTIVITIES	(224,846)	(411,031)
FINANCING ACTIVITIES:
Net increase in deposits	173,569	365,053
Net (decrease)/ increase in overnight borrowings	(11,250)	32,900
Cash dividends paid on common stock	(1,618)	(1,531)
Exercise of Stock Options, net of stock swap	76	29
Restricted stock tax expense	(495)	(54)
Subordinated debt	48,693
Sales of shares (DRIP Program)	10,145	3,812
Purchase of shares for Profit Sharing Plan		306
Issuance of shares for employee stock purchase plan	357
NET CASH PROVIDED BY FINANCING ACTIVITIES	219,477	400,515
Net increase in cash and cash equivalents	11,170	7,481
Cash and cash equivalents at beginning of period	70,160	31,207
Cash and cash equivalents at end of period	81,330	38,688
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	7,927	5,722
Taxes	9,350	4,198
Transfer of loans to loans held for sale	115,663
Transfer of loans to other real estate owned	$ 534

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
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, 2015 for Peapack-Gladstone Financial Corporation (the “Corporation” or the “Company”). In the opinion of the Management of the Corporation, the accompanying unaudited Consolidated Interim Financial Statements contain all adjustments (consisting of normal recurring accruals necessary to present fairly the financial position as of June 30, 2016 and the results of operations and comprehensive income for the three and six months ended June 30, 2016 and 2015, and shareholders’ equity and cash flow statements for the six months ended June 30, 2016 and 2015. Principles of Consolidation and Organization: Basis of Financial Statement Presentation Segment Information The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of ATMs; telephone and internet banking services; merchant credit card services and customer support sales. 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. This segment also includes the activity from the Delaware subsidiary, PGB Trust & Investments of Delaware. Income is recognized as earned. Cash and Cash Equivalents: Interest-Earning Deposits in Other Financial Institutions Securities Interest income includes amortization of purchase premiums and discounts. 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. Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) Stock: The Bank is also a member of the Federal Reserve Bank and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Cash dividends are reported as income. 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, shown as gain on sale of loans on the Statement of Income, 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 Company 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 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 days or more and collateral, if any, is insufficient to cover principal and interest. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Payments received on nonaccrual loans are recorded as principal payments. A nonaccrual loan is returned to accrual status only when interest and principal payments are brought current and future payments are reasonably assured, generally when the Bank receives contractual payments for a minimum of six months. Commercial loans are generally charged off after an analysis is completed which indicates that collectability of the full principal balance is in doubt. Consumer loans are generally charged off after they become 120 days past due. Subsequent payments are credited to income only if collection of principal is not in doubt. If principal and interest payments are brought contractually current and future collectability is reasonably assured, loans are returned to accrual status. Nonaccrual mortgage loans are generally charged off when the value of the underlying collateral does not cover the outstanding principal balance. The majority of the Company’s loans are secured by real estate in the States of New Jersey and New York. 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. Loans are individually evaluated for impairment when they 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 a residential mortgage is placed on nonaccrual status and is in the process of collection, such as through a foreclosure action, then it is 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 is a modified loan with concessions made by the lender to a borrower who is experiencing financial difficulty. Troubled debt restructurings are impaired and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring 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 troubled debt restructurings 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 years. This actual loss experience is adjusted by other qualitative factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures and practices; experience, ability and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. For loans that are graded as non-impaired, the Company allocates a higher general reserve percentage than pass-rated loans using a multiple that is calculated annually through a migration analysis. The multiple was 5.0 times for non-impaired substandard loans and 2.5 times for non-impaired special mention loans. 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 Agricultural Production 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. Stock-Based Compensation: For the three months ended June 30, 2016 and 2015, the Company recorded total compensation cost for stock options of $14 thousand and $56 thousand respectively, with a recognized tax benefit of $1 thousand and $6 thousand for the quarters ended June 30, 2016 and 2015, respectively. The Company recorded total compensation cost for stock options for the six months ended June 30, 2016 and 2015, of $34 thousand and $121 thousand, respectively, with a recognized tax benefit of $3 thousand for the six months ended June 30, 2016 and $12 thousand for the six months ended June 30, 2015. There was approximately $28 thousand of unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company’s stock incentive plans at June 30, 2016. That cost is expected to be recognized over a weighted average period of 0.63 years. For the Company’s stock option plans, changes in options outstanding during the six months ended June 30, 2016 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2016 267,289 $ 17.28 Granted during 2016 — — Exercised during 2016 (7,465 ) 13.57 Expired during 2016 (13,579 ) 21.82 Forfeited during 2016 (442 ) 16.12 Balance, June 30, 2016 245,803 $ 17.15 3.94 years $ 334 Vested and expected to vest (1) 245,201 $ 17.18 3.94 years $ 326 Exercisable at June 30, 2016 235,776 $ 17.31 3.85 years $ 283 (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 second quarter of 2016 and the exercise price, multiplied by the number of in-the-money options). The Company’s closing stock price on June 30, 2016 was $18.51. There were no stock options granted in the six months ended June 30, 2016. The Company has previously granted performance based and service based restricted stock awards. In the second quarter of 2016, the Company granted 2,788 restricted stock units, which are service based units that vest ratably over a one, three or five year period. The performance based awards that were granted in previous periods, are dependent upon the Company meeting certain performance criteria and cliff vest at the end of the performance period. During the fourth quarter of 2015, the Company concluded that the performance targets would not be met and therefore, reversed approximately $592 thousand of previously recorded expense for the performance awards. Total unrecognized compensation expense for performance based awards is $1.7 million as of June 30, 2016. Changes in nonvested shares dependent on performance criteria for the six months ended June 30, 2016 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2016 92,767 $ 18.12 Granted during 2016 — — Vested during 2016 — — Forfeited during 2016 — — Balance, June 30, 2016 92,767 $ 18.12 Changes in service based restricted stock awards/units for the six months ended June 30, 2016 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2016 321,421 $ 19.44 Granted during 2016 188,397 16.99 Vested during 2016 (99,826 ) 18.37 Forfeited during 2016 (7,677 ) 18.88 Balance, June 30, 2016 402,315 $ 18.57 As of June 30, 2016, there was $6.3 million of total unrecognized compensation cost related to service based awards/units. That cost is expected to be recognized over a weighted average period of 1.64 years. Stock compensation expense recorded for the second quarter of 2016 and 2015 totaled $830 thousand and $623 thousand, respectively. For the six months ended June 30, 2016 and 2015, the Company recorded total compensation cost for stock awards/units of $1.4 million and $1.1 million respectively. Employee Stock Purchase Plan: The Company recorded $29 thousand and $24 thousand of expense in salaries and employee benefits expense for the three months ended June 30, 2016 and 2015, respectively related to the ESPP. Total shares issued under the ESPP during the second quarter of 2016 and 2015 were 10,214 and 7,571, respectively. The Company recorded $64 thousand and $51 thousand of expense in salaries and employee benefits expense for the six months ended June 30, 2016 and 2015, respectively related to the ESPP. Total shares issued under the ESPP for the six months ended June 30, 2016 and 2015 were 19,758 and 15,459, respectively. Earnings per share – Basic and Diluted: Three Months Ended Six Months Ended June 30, June 30, (Dollars in thousands, except per share data) 2016 2015 2016 2015 Net income to shareholders $ 6,564 $ 5,238 12,053 10,246 Basic weighted-average shares outstanding 16,172,223 15,082,516 16,015,251 14,996,596 Plus: common stock equivalents 169,752 150,635 164,449 193,185 Diluted weighted-average shares outstanding 16,341,975 15,233,151 16,179,700 15,189,781 Net income per share Basic $ 0.41 $ 0.34 0.75 0.68 Diluted 0.40 0.34 0.74 0.67 Stock options totaling 83,799 and 114,198 shares were not included in the computation of diluted earnings per share in the second quarters of 2016 and 2015, respectively, because they were considered antidilutive. Stock options totaling 85,156 and 254,767 shares were not included in the computation of diluted earnings per share in the six months ended June 30, 2016 and 2015, respectively, because they were considered antidilutive. 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 or by New Jersey tax authorities for years prior to 2011. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. Loss Contingencies: Restrictions on Cash: Comprehensive Income: Transfers of Financial Assets: Goodwill and Other Intangible Assets: Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquired company (if any), over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company has selected December 31 as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill and assembly workforce are the intangible assets with an indefinite life on our balance sheet. Other intangible assets primarily consist of customer relationship intangible assets arising from acquisition are amortized on an accelerated method over their estimated useful lives, which range up to 15 years.

INVESTMENT SECURITIES AVAILABLE

INVESTMENT SECURITIES AVAILABLE FOR SALE	6 Months Ended
	Jun. 30, 2016
INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]
INVESTMENT SECURITIES AVAILABLE FOR SALE	2. INVESTMENT SECURITIES AVAILABLE FOR SALE A summary of amortized cost and approximate fair value of securities available for sale included in the consolidated statements of condition as of June 30, 2016 and December 31, 2015 follows: June 30, 2016 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 7,987 $ 15 $ — $ 8,002 Mortgage-backed securities – residential 155,176 2,171 (55 ) 157,292 SBA pool securities 7,406 — (74 ) 7,332 State and political subdivisions 27,665 474 (8 ) 28,131 Single-issuer trust preferred security 2,999 — (539 ) 2,460 CRA investment 3,000 — (1 ) 2,999 Total $ 204,233 $ 2,660 $ (677 ) $ 206,216 December 31, 2015 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Mortgage-backed securities – residential $ 159,747 $ 1,293 $ (433 ) $ 160,607 SBA pool securities 7,601 — (81 ) 7,520 State and political subdivisions 21,612 417 — 22,029 Single-issuer trust preferred security 2,999 — (464 ) 2,535 CRA investment 3,000 — (61 ) 2,939 Total $ 194,959 $ 1,710 $ (1,039 ) $ 195,630 The following tables present the Corporation’s available for sale securities with continuous unrealized losses and the approximate fair value of these investments as of June 30, 2016 and December 31, 2015. June 30, 2016 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 $ 7,795 $ (38 ) $ 4,172 $ (17 ) $ 11,967 $ (55 ) SBA pool securities — — 7,332 (74 ) 7,332 (74 ) State and political subdivisions 911 (8 ) — — 911 (8 ) Single-issuer trust preferred security — — 2,460 (539 ) 2,460 (539 ) CRA investment fund — — 2,999 (1 ) 2,999 (1 ) Total $ 8,706 $ (46 ) $ 16,963 $ (631 ) $ 25,669 $ (677 ) December 31, 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 $ 89,717 $ (345 ) $ 8,913 $ (88 ) $ 98,630 $ (433 ) SBA pool securities — — 7,520 (81 ) 7,520 (81 ) Single-issuer trust Preferred security — — 2,535 (464 ) 2,535 (464 ) CRA investment fund — — 2,939 (61 ) 2,939 (61 ) Total $ 89,717 $ (345 ) $ 21,907 $ (694 ) $ 111,624 $ (1,039 ) Management believes that the unrealized losses on investment securities available for sale are temporary and are due to interest rate fluctuations and/or volatile market conditions rather than the creditworthiness of the issuers. As of June 30, 2016, the Company does not intend to sell these securities nor is it likely that it will be required to sell the securities before their anticipated recovery; therefore, none of the securities in unrealized loss position were determined to be other-than-temporarily impaired. At June 30, 2016, the unrealized loss on the single-issuer trust preferred security of $539 thousand was related to a debt security issued by a large bank holding company that has experienced declines in all its securities due to the turmoil in the financial markets and a merger. The security was downgraded to below investment grade by Moody’s and is currently rated Ba1. Management monitors the performance of the issuer on a quarterly basis to determine if there are any credit events that could result in deferral or default of the security. Management believes the depressed valuation is a result of the nature of the security, a trust preferred bond, and the bond’s very low yield. As Management does not intend to sell this security nor is it likely that it will be required to sell the security before its anticipated recovery, the security is not considered other-than-temporarily impaired at June 30, 2016.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
LOANS	3. LOANS Loans outstanding, excluding those held for sale, by general ledger classification, as of June 30, 2016 and December 31, 2015, consisted of the following: % of % of June 30, Totals December 31, Total (In thousands) 2016 Loans 2015 Loans Residential mortgage $ 479,839 15.24 % $ 470,869 16.16 % Multifamily mortgage 1,501,915 47.70 1,416,775 48.63 Commercial mortgage 459,744 14.60 413,118 14.18 Commercial loans 576,169 18.30 512,886 17.60 Construction loans — — 1,401 0.05 Home equity lines of credit 63,188 2.01 52,649 1.81 Consumer loans, including fixed rate home equity loans 67,614 2.14 45,044 1.55 Other loans 430 0.01 500 0.02 Total loans $ 3,148,899 100.00 % $ 2,913,242 100.00 % In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal call report codes. The following portfolio classes have been identified as of June 30, 2016 and December 31, 2015: % of % of June 31, Totals December 31, Total (In thousands) 2016 Loans 2015 Loans Primary residential mortgage $ 510,062 16.21 % $ 483,085 16.59 % Home equity lines of credit 63,188 2.01 52,804 1.81 Junior lien loan on residence 10,476 0.33 11,503 0.39 Multifamily property 1,501,915 47.72 1,416,775 48.66 Owner-occupied commercial real estate 166,124 5.28 176,276 6.05 Investment commercial real estate 642,530 20.41 568,849 19.54 Commercial and industrial 179,892 5.72 154,295 5.30 Secured by farmland/agricultural production 174 0.01 179 0.01 Commercial construction loans 99 — 151 0.01 Consumer and other loans 72,844 2.31 47,635 1.64 Total loans $ 3,147,304 100.00 % $ 2,911,552 100.00 % Net deferred costs 1,595 1,690 Total loans including net deferred costs $ 3,148,899 $ 2,913,242 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 June 30, 2016 and December 31, 2015: June 30, 2016 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 $ 13,374 $ 228 $ 496,688 $ 2,555 $ 510,062 $ 2,783 Home equity lines of credit 150 — 63,038 223 63,188 223 Junior lien loan on residence 166 — 10,310 19 10,476 19 Multifamily property — — 1,501,915 11,639 1,501,915 11,639 Owner-occupied commercial real estate 1,241 — 164,883 1,733 166,124 1,733 Investment commercial real estate 11,488 219 631,042 9,402 642,530 9,621 Commercial and industrial 224 133 179,668 2,818 179,892 2,951 Secured by farmland and agricultural production — — 174 2 174 2 Commercial construction — — 99 1 99 1 Consumer and Other — — 72,844 247 72,844 247 Total ALLL $ 26,643 $ 580 $ 3,120,661 $ 28,639 $ 3,147,304 $ 29,219 December 31, 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 ALLL Primary residential mortgage $ 9,752 $ 291 $ 473,333 $ 2,006 $ 483,085 $ 2,297 Home equity lines of credit 254 — 52,550 86 52,804 86 Junior lien loan on residence 176 — 11,327 66 11,503 66 Multifamily Property — — 1,416,775 11,813 1,416,775 11,813 Owner-occupied Commercial real estate 1,272 — 175,004 1,679 176,276 1,679 Investment commercial real estate 11,482 61 557,367 7,529 568,849 7,590 Commercial and Industrial 171 138 154,124 2,071 154,295 2,209 Secured by farmland and agricultural production production — — 179 2 179 2 Commercial construction — — 151 2 151 2 Consumer and Other — — 47,635 112 47,635 112 Total ALLL $ 23,107 $ 490 $ 2,888,445 $ 25,366 $ 2,911,552 $ 25,856 Impaired loans include nonaccrual loans of $8.0 million at June 30, 2016 and $6.7 million at December 31, 2015. Impaired loans also include performing TDR loans of $18.6 million at June 30, 2016 and $16.2 million at December 31, 2015. At June 30, 2016, the allowance allocated to TDR loans totaled $417 thousand, of which $157 thousand was allocated to nonaccrual loans. At December 31, 2015, the allowance allocated to TDR loans totaled $441 thousand of which $162 thousand was allocated to nonaccrual loans. All accruing TDR loans were paying in accordance with restructured terms as of June 30, 2016. The Company has not committed to lend additional amounts as of June 30, 2016 to customers with outstanding loans that are classified as loan restructurings. The following tables present loans individually evaluated for impairment by class of loans as of June 30, 2016 and December 31, 2015 (The average impaired loans on the following tables represent year to date impaired loans.): June 30, 2016 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 13,337 $ 11,512 $ — $ 7,577 Owner-occupied commercial real estate 1,451 1,241 — 1,266 Investment commercial real estate 10,438 9,847 — 10,210 Commercial and industrial 231 91 — 6 Home equity lines of credit 439 150 — 217 Junior lien loan on residence 569 166 — 316 Total loans with no related allowance $ 26,465 $ 23,007 $ — $ 19,592 With related allowance recorded: Primary residential mortgage $ 1,899 $ 1,862 $ 228 $ 1,875 Investment commercial real estate 1,657 1,641 219 1,242 Commercial and industrial 179 133 133 137 Total loans with related allowance $ 3,735 $ 3,636 $ 580 $ 3,254 Total loans individually evaluated for impairment $ 30,200 $ 26,643 $ 580 $ 22,846 December 31, 2015 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 8,998 $ 7,782 $ — $ 5,683 Owner-occupied commercial real estate 1,460 1,272 — 1,379 Investment commercial real estate 11,099 10,233 — 10,330 Commercial and industrial 63 33 — 112 Home equity lines of credit 258 254 — 229 Junior lien loan on residence 219 176 — 166 Consumer and other — — — 1 Total loans with no related allowance $ 22,097 $ 19,750 $ — $ 17,900 With related allowance recorded: Primary residential mortgage $ 2,090 $ 1,970 $ 291 $ 1,894 Investment commercial real estate 1,249 1,249 61 1,266 Commercial and industrial 179 138 138 144 Total loans with related allowance $ 3,518 $ 3,357 $ 490 $ 3,304 Total loans individually evaluated for impairment $ 25,615 $ 23,107 $ 490 $ 21,204 Interest income recognized on impaired loans for the three and six months ended June 30, 2016 and 2015, was not material. The Company did not recognize any income on nonaccruing impaired loans for the three and six months ended June 30, 2016 and 2015. Loans held for sale, at lower of cost or fair value at June 30, 2016, represents loans that the Company has the intent to sell. The Company expects sale price to approximate recorded investment. During the six months ending June 30, 2016, proceeds for sale of loans held for sale, at lower of cost or fair value totaled approximately $138 million. The sale included whole loans and participations. The Company recorded gain on sale of whole loans of $624 thousand. No loans were sold at a loss during the three and six months ended June 30, 2016. The sale of these loans were part of the Company’s balance sheet management strategy. The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2016 and December 31, 2015: June 30, 2016 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 6,030 $ — Home equity lines of credit 126 — Junior lien loan on residence 110 — Owner-occupied commercial real estate 1,241 — Investment commercial real estate 408 — Commercial and industrial 134 — Total $ 8,049 $ — December 31, 2015 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 4,549 $ — Home equity lines of credit 229 — Junior lien loan on residence 118 — Owner-occupied commercial real estate 1,272 — Investment commercial real estate 408 — Commercial and industrial 171 — Consumer and other — — Total $ 6,747 $ — The following tables present the aging of the recorded investment in past due loans as of June 30, 2016 and December 31, 2015 by class of loans, excluding nonaccrual loans: June 30, 2016 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 4,352 $ — $ — $ 4,352 Home equity lines of credit — 157 — 157 Investment commercial real estate 1,954 — — 1,954 Commercial and industrial — 91 — 91 Consumer and other 22 — — 22 Total $ 6,328 $ 248 $ — $ 6,576 December 31, 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 $ 1,214 $ 157 $ — $ 1,371 Investment commercial real estate 772 — — 772 Total $ 1,986 $ 157 $ — $ 2,143 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 and is subsequently re-evaluated annually, as follows: · By credit underwriters for all loans $1,000,000 and over; · Through a limited review by credit underwriters with the Chief Credit Officer for loans between $500,000 and $1,000,000; · By an external independent loan review firm for all new loans over $500,000 and for existing loans of $3,500,000 and over; · On a proportional basis by an external independent loan review firm for loans from $500,000 up to $3,499,999; · By an external independent loan review firm for all loans with a risk rating of criticized and classified; · On a random sampling basis by an external independent loan review firm for loans under $500,000; · Whenever Management otherwise identifies a positive or negative trend or issue relating to a borrower. The Company uses the following definitions for risk ratings: Special Mention: Substandard: Doubtful: Loans that are considered to be impaired are individually evaluated for potential loss and allowance adequacy. Loans not deemed impaired are collectively evaluated for potential loss and allowance adequacy. As of June 30, 2016, 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 $ 495,876 $ 673 $ 13,513 $ — Home equity lines of credit 63,038 — 150 — Junior lien loan on residence 10,310 — 166 — Multifamily property 1,499,558 1,950 407 — Owner-occupied commercial real estate 160,427 906 4,791 — Investment commercial real estate 606,571 4,127 31,832 — Commercial and industrial 174,237 5,430 225 — Farmland 174 — — — Commercial construction — 99 — — Consumer and other loans 72,844 — — — Total $ 3,083,035 $ 13,185 $ 51,084 $ — As of December 31, 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 $ 471,859 $ 1,332 $ 9,894 $ — Home equity lines of credit 52,550 — 254 — Junior lien loan on residence 11,327 — 176 — Multifamily property 1,407,856 7,718 1,201 — Owner-occupied commercial real estate 170,420 928 4,928 — Investment commercial real estate 536,479 6,217 26,153 — Commercial and industrial 148,940 5,184 171 — Farmland 179 — — — Agricultural production — — — — Commercial construction — 151 — — Consumer and other loans 47,635 — — — Total $ 2,847,245 $ 21,530 $ 42,777 $ — At June 30, 2016, $25.4 million of substandard loans were also considered impaired compared to December 31, 2015, when $21.8 million were also impaired. The activity in the allowance for loan losses for the three months ended June 30, 2016 is summarized below: April 1, June 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,503 $ (285 ) $ 7 $ 558 $ 2,783 Home equity lines of credit 133 (91 ) 6 175 223 Junior lien loan on residence 13 — 53 (47 ) 19 Multifamily property 11,631 — — 8 11,639 Owner-occupied commercial real estate 1,683 — — 50 1,733 Investment commercial real estate 8,527 — 4 1,090 9,621 Commercial and industrial 2,691 — 8 252 2,951 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — (1 ) 1 Consumer and other loans 136 (4 ) — 115 247 Total ALLL $ 27,321 $ (380 ) $ 78 $ 2,200 $ 29,219 The activity in the allowance for loan losses for the six months ended June 30, 2016 is summarized below: January 1, June 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,297 $ (298 ) $ 21 $ 763 $ 2,783 Home equity lines of credit 86 (91 ) 8 220 223 Junior lien loan on residence 66 — 70 (117 ) 19 Multifamily property 11,813 — — (174 ) 11,639 Owner-occupied commercial real estate 1,679 — — 54 1,733 Investment commercial real estate 7,590 (258 ) 6 2,283 9,621 Commercial and industrial 2,209 (3 ) 12 733 2,951 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — (1 ) 1 Consumer and other loans 112 (5 ) 1 139 247 Total ALLL $ 25,856 $ (655 ) $ 118 $ 3,900 $ 29,219 The activity in the allowance for loan losses for the three months ended June 30, 2015 is summarized below: April 1, June 30, 2015 2015 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,314 $ (68 ) $ 4 $ 159 $ 2,409 Home equity lines of credit 97 (10 ) 1 25 113 Junior lien loan on residence 71 — 10 (8 ) 73 Multifamily property 8,738 — — (115 ) 8,623 Owner-occupied commercial real estate 2,347 — — (61 ) 2,286 Investment commercial real estate 6,135 — 4 1,640 7,779 Commercial and industrial 1,011 (7 ) 21 564 1,589 Secured by farmland and agricultural production 3 — — (1 ) 2 Commercial construction 23 — — (21 ) 2 Consumer and other loans 77 (4 ) 2 18 93 Total ALLL $ 20,816 $ (89 ) $ 42 $ 2,200 $ 22,969 The activity in the allowance for loan losses for the six months ended June 30, 2015 is summarized below: January 1, June 30, 2015 2015 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,923 $ (111 ) $ 70 $ (473 ) $ 2,409 Home equity lines of credit 156 (110 ) 1 66 113 Junior lien loan on residence 109 — 38 (74 ) 73 Multifamily property 8,983 — — (360 ) 8,623 Owner-occupied commercial real estate 1,547 — 11 728 2,286 Investment commercial real estate 4,751 — 10 3,018 7,779 Commercial and industrial 880 (7 ) 46 670 1,589 Secured by farmland and agricultural production 4 — — (2 ) 2 Commercial construction 31 — — (29 ) 2 Consumer and other loans 96 (21 ) 12 6 93 Total ALLL $ 19,480 $ (249 ) $ 188 $ 3,550 $ 22,969 Troubled Debt Restructurings: The Company has allocated $417 thousand and $441 thousand of specific reserves on TDRs to customers whose loan terms have been modified in TDRs as of June 30, 2016 and December 31, 2015, respectively. There were no unfunded commitments to lend additional amounts to customers with outstanding loans that are classified as TDRs. During the three and six month period ended June 30, 2016, 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 during the three month period ended June 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 4 $ 3,424 $ 3,424 Investment commercial real estate 1 79 79 Commercial and industrial 1 91 91 Total 6 $ 3,594 $ 3,594 The following table presents loans by class modified as TDRs during the six month period ended June 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 6 $ 4,556 $ 4,556 Investment commercial real estate 1 79 79 Commercial and industrial 1 91 91 Total 8 $ 4,726 $ 4,726 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 during the three and six month periods ended June 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 225 $ 225 Owner-occupied real estate 1 767 767 Total 3 $ 992 $ 992 There were no loans that were modified as TDRs for which there was a payment default, within twelve months of modification, during the three and six months ended June 30, 2016. The following table presents loans by class modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the three and six month periods ended June 30, 2015 Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 2 $ 532 Total 2 $ 532 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 a loan may be considered for return to accrual status.

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2016
Deposits:
DEPOSITS	4. DEPOSITS Certificates of deposit, excluding brokered certificates of deposit over $250,000 totaled $122.4 million and $82.2 million at June 30, 2016 and 2015, respectively. The following table sets forth the details of total deposits as of June 30, 2016 and December 31, 2015: June 30, December 31, 2016 2015 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 469,809 15.11 % $ 419,887 14.30 % Interest-bearing checking 897,210 28.86 861,697 29.36 Savings 120,617 3.88 115,007 3.92 Money market 861,664 27.72 810,709 27.62 Certificates of deposit 466,079 14.99 $ 434,450 14.80 Subtotal deposits 2,815,379 90.56 2,641,750 90.00 Interest-bearing demand - Brokered 200,000 6.43 200,000 6.81 Certificates of deposit - Brokered 93,660 3.01 93,720 3.19 Total deposits $ 3,109,039 100.00 % $ 2,935,470 100.00 % The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of June 30, 2016 are as follows: (In thousands) 2016 $ 54,290 2017 128,712 2018 192,075 2019 67,680 2020 34,545 Over 5 Years 82,437 Total $ 559,739

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [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 million at both June 30, 2016 and December 31, 2015, with a weighted average interest rate of 1.78 percent. At June 30, 2016, advances totaling $71.7 million with a weighted average interest rate of 1.57 percent had fixed maturity dates. The fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $378.9 million and multifamily mortgages totaling $1.0 billion at June 30, 2016, while at December 31, 2015 the fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $428.2 million and multifamily mortgages totaling $1.1 billion. Also at June 30, 2016 and at December 31, 2015, the Company had $12.0 million in variable rate advances, with a weighted average interest rate of 3.01 percent, that are noncallable for two or three years and then callable quarterly with final maturities of ten years from the original date of the advance. All of these advances are beyond their initial noncallable periods. These advances are secured by pledges of investment securities totaling $16.6 million at June 30, 2016. The final maturity dates of the FHLB advances are scheduled as follows: (In thousands) 2016 $ 21,897 2017 23,897 2018 34,898 2019 3,000 2020 — Over 5 years — Total $ 83,692 Overnight borrowings with the Federal Home Loan Bank totaled $29.5 million with a weighted average interest rate of 0.57 percent and $40.7 million with a weighted average rate of 0.52 percent at June 30, 2016 and December 31, 2015, respectively.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
BUSINESS SEGMENTS	6. BUSINESS SEGMENTS The Corporation assesses its results among two operating segments, Banking and Peapack-Gladstone Bank’s Private Wealth Management Division. Management uses certain methodologies to allocate income and expense to the business segments. A funds transfer pricing methodology is used to assign interest income and interest expense. Certain indirect expenses are allocated to segments. These include support unit expenses such as technology and operations and other support functions. Taxes are allocated to each segment based on the effective rate for the period shown. Banking The Banking segment includes lending and depository products and services, as well as various electronic banking services. Private Wealth Management Division Peapack-Gladstone Bank’s Private Wealth Management Division includes asset management services provided for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian and guardian; corporate trust services including services as trustee for pension and profit sharing plans; and other financial planning and advisory services. The following tables present the statements of income and total assets for the Corporation’s reportable segments for the three and six months ended June 30, 2016 and 2015. Three Months Ended June 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 22,778 $ 1,398 $ 24,176 Noninterest income 2,432 5,016 7,448 Total income 25,210 6,414 31,624 Provision for loan losses 2,200 — 2,200 Salaries and benefits 9,033 2,067 11,100 Premises and equipment expense 2,507 235 2,742 Other noninterest expense 3,529 1,404 4,933 Total noninterest expense 17,269 3,706 20,975 Income before income tax expense 7,941 2,708 10,649 Income tax expense 3,032 1,053 4,085 Net income $ 4,909 $ 1,655 $ 6,564 Three Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 19,351 $ 993 $ 20,344 Noninterest income 1,896 4,603 6,499 Total income 21,247 5,596 26,843 Provision for loan losses 2,200 — 2,200 Salaries and benefits 7,830 2,042 9,872 Premises and equipment expense 2,549 229 2,778 Other noninterest expense 2,461 1,155 3,616 Total noninterest expense 15,040 3,426 18,466 Income before income tax expense 6,207 2,170 8,377 Income tax expense 2,294 845 3,139 Net income $ 3,913 $ 1,325 $ 5,238 Six Months Ended June 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 44,768 $ 2,818 $ 47,586 Noninterest income 4,312 9,399 13,711 Total income 49,080 12,217 61,297 Provision for loan losses 3,900 — 3,900 Salaries and benefits 17,845 4,163 22,008 Premises and equipment expense 5,144 462 5,606 Other noninterest expense 7,446 2,921 10,367 Total noninterest expense 34,335 7,546 41,881 Income before income tax expense 14,745 4,671 19,416 Income tax expense 5,546 1,817 7,363 Net income $ 9,199 $ 2,854 $ 12,053 Total assets for period end $ 3,555,910 $ 48,793 $ 3,604,703 Six Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 37,921 $ 2,006 $ 39,927 Noninterest income 3,673 8,708 12,381 Total income 41,594 10,714 52,308 Provision for loan losses 3,550 — 3,550 Salaries and benefits 15,370 3,927 19,297 Premises and equipment expense 4,934 460 5,394 Other noninterest expense 4,956 2,387 7,343 Total noninterest expense 28,810 6,774 35,584 Income before income tax expense 12,784 3,940 16,724 Income tax expense 4,945 1,533 6,478 Net income $ 7,839 $ 2,407 $ 10,246 Total assets for period end $ 3,084,507 $ 33,663 $ 3,118,170

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [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 percent should be applied to appraisals on properties. The discount is determined based on the nature of the underlying properties, aging of appraisals and other factors. For each collateral-dependent impaired loan, we consider other factors, such as certain indices or other market information, as well as property specific circumstances to determine if an adjustment to the appraised value is needed. In situations where there is evidence of change in value, the Bank will determine if there is a need for an adjustment to the specific reserve on the collateral dependent impaired loans. When the Bank applies an interim adjustment, it generally shows the adjustment as an incremental specific reserve against the loan until it has received the full updated appraisal. As of June 30, 2016, all collateral-dependent impaired loans and other real estate owned valuations were supported by an appraisal less than 12 months old. The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Corporation has elected the fair value option: Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2016 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 8,002 $ — $ 8,002 $ — Mortgage-backed securities- residential 157,292 — 157,292 — SBA pool securities 7,332 — 7,332 — State and political subdivisions 28,131 — 28,131 — Single-Issuer Trust Preferred 2,460 — 2,460 — CRA investment fund 2,999 2,999 — — Loans held for sale, at fair value 4,133 — 4,133 — Derivatives: Loan level swaps 2,908 — 2,908 — Total $ 213,257 $ 2,999 $ 210,258 $ — Liabilities: Derivatives: Cash flow hedges $ (6,302 ) $ — $ (6,302 ) $ — Loan level swaps (2,908 ) — (2,908 ) — Total $ (9,210 ) $ — $ (9,210 ) $ — Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Available for sale: Mortgage-backed securities- residential $ 160,607 $ — $ 160,607 $ — SBA pool securities 7,520 — 7,520 — State and political subdivisions 22,029 — 22,029 — Single-Issuer Trust Preferred 2,535 — 2,535 — CRA investment fund 2,939 2,939 — — Loans held for sale, at fair value 1,558 — 1,558 — Derivatives: Cash flow hedges 104 — 104 — Loan level swaps $ 1,106 — 1,106 — Total 198,398 $ 2,939 $ 195,459 $ — Liabilities: Derivatives: Cash flow hedges (1,434 ) $ — $ (1,434 ) $ — Loan level swaps $ (1,106 ) — (1,106 ) — Total $ (2,540 ) $ — $ (2,540 ) $ — 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 days or more past due nor on nonaccrual as of June 30, 2016 and December 31, 2015. The following tables present residential loans held for sale, at fair value for the periods indicated: (In thousands) June 30, 2016 December 31, 2015 Residential loans contractual balance $ 4,067 $ 1,536 Fair value adjustment 66 22 Total fair value of residential loans held for sale $ 4,133 $ 1,558 There were no transfers between Level 1 and Level 2 during the three or six months ended June 30, 2016. The following table summarizes, for the periods indicated, assets measured at fair value on a non-recurring basis (Quantitative disclosures for non-recurring Level 3 assets have been omitted due to immateriality): Assets Measured on a Non-Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2016 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Investment commercial real estate $ 245 $ — $ — $ 245 December 31, (In thousands) 2015 Assets: Impaired loans: Primary residential mortgage $ 251 $ — $ — $ 251 OREO 330 — — 330 Impaired loans that are measured for impairment using the fair value of the collateral for collateral dependent loans had a recorded investment of $408 thousand, with a valuation allowance of $163 thousand at June 30, 2016 and $299 thousand, with a valuation allowance of $48 thousand, at December 31, 2015. At December 31, 2015, OREO at fair value represents one commercial property. The Company did not record a valuation allowance during either of the three months or six months ended June 30, 2016 and June 30, 2015. The carrying amounts and estimated fair values of financial instruments at June 30, 2016 are as follows: Fair Value Measurements at June 30, 2016 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 81,330 $ 81,330 $ — $ — $ 81,330 Securities available for sale 206,216 2,999 203,217 — 206,216 FHLB and FRB stock 14,623 — — — N/A Loans held for sale, at fair value 4,133 — 4,133 — 4,133 Loans held for sale, at lower of cost or fair value 60,291 — 60,291 — 60,291 Loans, net of allowance for loan losses 3,119,680 — — 3,127,282 3,127,282 Accrued interest receivable 7,733 — 624 7,109 7,733 Loan level swap derivatives 2,908 — 2,908 — 2,908 Financial liabilities Deposits $ 3,109,039 $ 2,549,300 $ 567,473 $ — $ 3,116,773 Overnight borrowings 29,450 — 29,450 — 29,450 Federal home loan bank advances 83,692 — 84,839 — 84,839 Subordinated debt 48,698 — — 48,698 48,698 Accrued interest payable 1,177 125 919 133 1,177 Cash flow hedge derivatives 6,302 — 6,302 — 6,302 Loan level swap derivatives 2,908 — 2,908 — 2,908 The carrying amounts and estimated fair values of financial instruments at December 31, 2015 are as follows: Fair Value Measurements at December 31, 2015 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 70,160 $ 70,160 $ — $ — $ 70,160 Securities available for sale 195,630 2,939 192,691 — 195,630 FHLB and FRB stock 13,984 — — — N/A Loans held for sale, at fair value 1,558 — 1,558 — 1,558 Loans held for sale, at lower of cost or fair value 82,200 — 82,200 — 82,200 Loans, net of allowance for loan losses 2,887,386 — — 2,865,601 2,865,601 Accrued interest receivable 6,820 — 562 6,258 6,820 Cash flow Hedges 104 — 104 — 104 Loan level swaps 1,106 — 1,106 — 1,106 Financial liabilities Deposits $ 2,935,470 $ 2,407,300 $ 526,226 $ — $ 2,933,526 Overnight borrowings 40,700 — 40,700 — 40,700 Federal home loan bank advances 83,692 — 84,409 — 84,409 Accrued interest payable 957 128 829 — 957 Cash flow hedges 1,434 — 1,434 — 1,434 Loan level swaps 1,106 — 1,106 — 1,106 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 held for sale, at lower of cost or fair value: Loans: Deposits: Overnight borrowings: Federal Home Loan Bank advances: Subordinated debentures: Accrued interest receivable/payable: Off-balance sheet instruments:

OTHER OPERATING EXPENSES

OTHER OPERATING EXPENSES	6 Months Ended
	Jun. 30, 2016
Other Income and Expenses [Abstract]
OTHER OPERATING EXPENSES	8. OTHER OPERATING EXPENSES The following table presents the major components of other operating expenses for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2016 2015 2016 2015 FDIC assessment $ 1,581 $ 431 3,140 913 Wealth management division other expense 481 512 1,103 1,133 Professional and legal fees 756 583 1,742 1,351 Loan expense 121 76 233 189 Other operating expenses 1,994 2,014 4,149 3,757 Total other operating expenses $ 4,933 $ 3,616 10,367 7,343

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [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 June 30, 2016 and 2015: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2016 Reclassifications (Income) 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 1,033 $ 203 $ (12 ) $ 191 $ 1,224 Losses on cash flow hedges (3,047 ) (680 ) — (680 ) (3,727 ) Accumulated other comprehensive income/(loss), net of tax $ (2,014 ) $ (477 ) $ (12 ) $ (489 ) $ (2,503 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,926 $ (706 ) $ (104 ) $ (810 ) $ 1,116 Losses on cash flow hedges (687 ) 374 — 374 (313 ) Accumulated other comprehensive income, net of tax $ 1,239 $ (332 ) $ (104 ) $ (436 ) $ 803 The following represents the reclassifications out of accumulated other comprehensive income for the three months ended June 30, 2016 and 2015: Three Months Ended June 30, (In thousands) 2016 2015 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 18 $ 176 Securities gains, net Income tax expense (6 ) (72 ) Income tax expense Total reclassifications, net of tax $ 12 $ 104 The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the six months ended June 30, 2016 and 2015: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Six Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2016 Reclassifications (Income) 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 408 $ 890 $ (74 ) $ 816 $ 1,224 Losses on cash flow hedges (787 ) (2,940 ) — (2,940 ) (3,727 ) Accumulated other comprehensive income/(loss), net of tax $ (379 ) $ (2,050 ) $ (74 ) $ (2,124 ) $ (2,503 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Six Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,321 $ 57 $ (262 ) $ (205 ) $ 1,116 Losses on cash flow hedges (100 ) (213 ) — (213 ) (313 ) Accumulated other comprehensive income, net of tax $ 1,221 $ (156 ) $ (262 ) $ (418 ) $ 803 The following represents the reclassifications out of accumulated other comprehensive income for the six months ended June 30, 2016 and 2015: Six Months Ended June 30, (In thousands) 2016 2015 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 119 $ 444 Securities gains, net Income tax expense (45 ) (182 ) Income tax expense Total reclassifications, net of tax $ 74 $ 262

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [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: The following information about the interest rate swaps designated as cash flow hedges as of June 30, 2016 and December 31, 2015 is presented in the following table: (Dollars in thousands) June 30, 2016 December 31, 2015 Notional amount $ 180,000 $ 180,000 Weighted average pay rate 1.64 % 1.64 % Weighted average receive rate 0.52 % 0.29 % Weighted average maturity 3.75 years 4.25 years Unrealized loss $ (6,302 ) $ (1,331 ) Number of contracts 9 9 Net interest expense recorded on these swap transactions totaled $503 thousand and $1.0 million for the three and six months ended June 30, 2016 and is reported as a component of interest expense. Net interest expenses recorded on these swap transactions totaled $376 thousand and $471 thousand for the three and six months ended June 30, 2015 and is reported as a component of interest expense. 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 June 30, 2016 (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 $ (680 ) $ — $ — The following table presents the net gains recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended June 30, 2015: Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ 374 $ — $ — The following table presents the net losses recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the six months ended June 30, 2016 (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 $ (2,940 ) $ — $ — 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 six months ended June 30, 2015: Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ (213 ) $ — $ — The following tables reflect the cash flow hedges included in the financial statements as of June 30, 2016 and December 31, 2015: June 30, 2016 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (6,302 ) Total included in other assets $ — $ — Total included in other liabilities $ 180,000 $ (6,302 ) December 31, 2015 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (1,330 ) Total included in other assets $ 15,000 $ 104 Total included in other liabilities $ 165,000 $ (1,434 ) Derivatives Not Designated as Accounting Hedges: Information about these swaps is as follows: (Dollars in thousands) June 30, 2016 December 31, 2015 Notional amount $ 34,606 $ 27,259 Fair value $ 2,908 $ 1,106 Weighted average pay rates 3.25 % 3.06 % Weighted average receive rates 1.86 % 1.44 % Weighted average maturity 14.0 years 15.8 years Number of contracts 3 3

SUBORDINATED DEBT

SUBORDINATED DEBT	6 Months Ended
	Jun. 30, 2016
Subordinated Debt [Abstract]
SUBORDINATED DEBT	11. SUBORDINATED DEBT During June 2016, the Company issued $50.0 million in aggregate principal amount of fixed-to-floating subordinated notes (the “Notes”) to certain institutional investors. The Notes are non-callable for five years, have a stated maturity of June 30, 2026, and bear interest at a fixed rate of 6.0% per year until June 30, 2021. From June 30, 2021 to the maturity date or early redemption date, the interest rate will reset quarterly to a level equal to the then current three-month LIBOR rate plus 485 basis points, payable quarterly in arrears. Debt issuance costs incurred totaled $1.3 million and are being amortized to maturity. Subordinated debt is presented net of issuance cost on the Consolidated Statements of Condition. Approximately $40.0 million of the net proceeds from the sale of the Notes were used by the Company to contribute $43.3 million of common equity to the Bank in the second quarter of 2016. Remaining funds will be used for general corporate purposes. In connection with the issuance of the Notes, the Company obtained ratings from Kroll Bond Rating Agency (“KBRA”). KBRA assigned investment grade rating of BBB- for the Company’s subordinated debt.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	12. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)” implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (is) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. In July 2015, FASB deferred the effective date of the ASU by one year which means ASU 2014-09 will be effective for the Company on January 1, 2018. In March 2016, FASB issued ASU 2016-08 which amended illustrative examples to clarify how to apply the implementation guidance on principal versus agent considerations. The Company is currently evaluating the potential impact of ASU 2014-09, and subsequent amendments, on its consolidated financial statements. In January 2016, the FASB amended existing guidance to improve accounting standards for financial instruments including clarification and simplification of accounting and disclosure requirements and the requirement for public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2017. The Company is evaluating the impact of these amendments on its consolidated financial statements. In February 2016, the FASB amended existing guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2018. The Company is evaluating the impact of these amendments on its consolidated financial statements. In March 2016, the FASB amended existing guidance to simplify aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. These amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2016. The Company is evaluating the impact of these amendments on its consolidated financial statements. On June 16, 2016, the FASB issued Accounting Standards Update No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (the ASU). This ASU replaces the incurred loss model with an expected loss model, referred to as “current expected credit loss” (CECL) model. It will significantly change estimates for credit losses related to financial assets measured at amortized cost, including loans receivable, held-to-maturity (HTM) debt securities and certain other contracts. The largest impact will be on lenders and the allowance for loan and lease losses (ALLL). This ASU will be effective for public business entities (PBEs) in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently in the process of evaluating the impact of this ASU on its financial position, results of operations and cash flows.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Principles of Consolidation and Organization	Principles of Consolidation and Organization:
Basis of Financial Presentation	Basis of Financial Statement Presentation
Segment Information	Segment Information The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of ATMs; telephone and internet banking services; merchant credit card services and customer support sales. 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. This segment also includes the activity from the Delaware subsidiary, PGB Trust & Investments of Delaware. Income is recognized as earned.
Cash and Cash Equivalents	Cash and Cash Equivalents:
Interest-Earning Deposits in Other Financial Institutions	Interest-Earning Deposits in Other Financial Institutions
Securities	Securities Interest income includes amortization of purchase premiums and discounts. 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.
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) Stock	Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) Stock: The Bank is also a member of the Federal Reserve Bank and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Cash dividends are reported as income.
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, shown as gain on sale of loans on the Statement of Income, 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 Company 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 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 days or more and collateral, if any, is insufficient to cover principal and interest. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Payments received on nonaccrual loans are recorded as principal payments. A nonaccrual loan is returned to accrual status only when interest and principal payments are brought current and future payments are reasonably assured, generally when the Bank receives contractual payments for a minimum of six months. Commercial loans are generally charged off after an analysis is completed which indicates that collectability of the full principal balance is in doubt. Consumer loans are generally charged off after they become 120 days past due. Subsequent payments are credited to income only if collection of principal is not in doubt. If principal and interest payments are brought contractually current and future collectability is reasonably assured, loans are returned to accrual status. Nonaccrual mortgage loans are generally charged off when the value of the underlying collateral does not cover the outstanding principal balance. The majority of the Company’s loans are secured by real estate in the States of New Jersey and New York.
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. Loans are individually evaluated for impairment when they 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 a residential mortgage is placed on nonaccrual status and is in the process of collection, such as through a foreclosure action, then it is 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 is a modified loan with concessions made by the lender to a borrower who is experiencing financial difficulty. Troubled debt restructurings are impaired and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring 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 troubled debt restructurings 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 years. This actual loss experience is adjusted by other qualitative factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures and practices; experience, ability and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. For loans that are graded as non-impaired, the Company allocates a higher general reserve percentage than pass-rated loans using a multiple that is calculated annually through a migration analysis. The multiple was 5.0 times for non-impaired substandard loans and 2.5 times for non-impaired special mention loans. 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 Agricultural Production 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.
Stock-Based Compensation	Stock-Based Compensation: For the three months ended June 30, 2016 and 2015, the Company recorded total compensation cost for stock options of $14 thousand and $56 thousand respectively, with a recognized tax benefit of $1 thousand and $6 thousand for the quarters ended June 30, 2016 and 2015, respectively. The Company recorded total compensation cost for stock options for the six months ended June 30, 2016 and 2015, of $34 thousand and $121 thousand, respectively, with a recognized tax benefit of $3 thousand for the six months ended June 30, 2016 and $12 thousand for the six months ended June 30, 2015. There was approximately $28 thousand of unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company’s stock incentive plans at June 30, 2016. That cost is expected to be recognized over a weighted average period of 0.63 years. For the Company’s stock option plans, changes in options outstanding during the six months ended June 30, 2016 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2016 267,289 $ 17.28 Granted during 2016 — — Exercised during 2016 (7,465 ) 13.57 Expired during 2016 (13,579 ) 21.82 Forfeited during 2016 (442 ) 16.12 Balance, June 30, 2016 245,803 $ 17.15 3.94 years $ 334 Vested and expected to vest (1) 245,201 $ 17.18 3.94 years $ 326 Exercisable at June 30, 2016 235,776 $ 17.31 3.85 years $ 283 (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 second quarter of 2016 and the exercise price, multiplied by the number of in-the-money options). The Company’s closing stock price on June 30, 2016 was $18.51. There were no stock options granted in the six months ended June 30, 2016. The Company has previously granted performance based and service based restricted stock awards. In the second quarter of 2016, the Company granted 2,788 restricted stock units, which are service based units that vest ratably over a one, three or five year period. The performance based awards that were granted in previous periods, are dependent upon the Company meeting certain performance criteria and cliff vest at the end of the performance period. During the fourth quarter of 2015, the Company concluded that the performance targets would not be met and therefore, reversed approximately $592 thousand of previously recorded expense for the performance awards. Total unrecognized compensation expense for performance based awards is $1.7 million as of June 30, 2016. Changes in nonvested shares dependent on performance criteria for the six months ended June 30, 2016 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2016 92,767 $ 18.12 Granted during 2016 — — Vested during 2016 — — Forfeited during 2016 — — Balance, June 30, 2016 92,767 $ 18.12 Changes in service based restricted stock awards/units for the six months ended June 30, 2016 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2016 321,421 $ 19.44 Granted during 2016 188,397 16.99 Vested during 2016 (99,826 ) 18.37 Forfeited during 2016 (7,677 ) 18.88 Balance, June 30, 2016 402,315 $ 18.57 As of June 30, 2016, there was $6.3 million of total unrecognized compensation cost related to service based awards/units. That cost is expected to be recognized over a weighted average period of 1.64 years. Stock compensation expense recorded for the second quarter of 2016 and 2015 totaled $830 thousand and $623 thousand, respectively. For the six months ended June 30, 2016 and 2015, the Company recorded total compensation cost for stock awards/units of $1.4 million and $1.1 million respectively.
Employee Stock Purchase Plan	Employee Stock Purchase Plan: The Company recorded $29 thousand and $24 thousand of expense in salaries and employee benefits expense for the three months ended June 30, 2016 and 2015, respectively related to the ESPP. Total shares issued under the ESPP during the second quarter of 2016 and 2015 were 10,214 and 7,571, respectively. The Company recorded $64 thousand and $51 thousand of expense in salaries and employee benefits expense for the six months ended June 30, 2016 and 2015, respectively related to the ESPP. Total shares issued under the ESPP for the six months ended June 30, 2016 and 2015 were 19,758 and 15,459, respectively.
Earnings per share - Basic and Diluted	Earnings per share – Basic and Diluted: Three Months Ended Six Months Ended June 30, June 30, (Dollars in thousands, except per share data) 2016 2015 2016 2015 Net income to shareholders $ 6,564 $ 5,238 12,053 10,246 Basic weighted-average shares outstanding 16,172,223 15,082,516 16,015,251 14,996,596 Plus: common stock equivalents 169,752 150,635 164,449 193,185 Diluted weighted-average shares outstanding 16,341,975 15,233,151 16,179,700 15,189,781 Net income per share Basic $ 0.41 $ 0.34 0.75 0.68 Diluted 0.40 0.34 0.74 0.67 Stock options totaling 83,799 and 114,198 shares were not included in the computation of diluted earnings per share in the second quarters of 2016 and 2015, respectively, because they were considered antidilutive. Stock options totaling 85,156 and 254,767 shares were not included in the computation of diluted earnings per share in the six months ended June 30, 2016 and 2015, respectively, because they were considered antidilutive.
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 or by New Jersey tax authorities for years prior to 2011. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
Loss Contingencies	Loss Contingencies:
Restrictions on cash	Restrictions on Cash:
Comprehensive Income	Comprehensive Income:
Transfers of Financial Assets	Transfers of Financial Assets:
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets: Other intangible assets primarily consist of customer relationship intangible assets arising from acquisition are amortized on an accelerated method over their estimated useful lives, which range up to 15 years.

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2016
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, 2016 267,289 $ 17.28 Granted during 2016 — — Exercised during 2016 (7,465 ) 13.57 Expired during 2016 (13,579 ) 21.82 Forfeited during 2016 (442 ) 16.12 Balance, June 30, 2016 245,803 $ 17.15 3.94 years $ 334 Vested and expected to vest (1) 245,201 $ 17.18 3.94 years $ 326 Exercisable at June 30, 2016 235,776 $ 17.31 3.85 years $ 283 (1) Does not include shares which are not expected to vest as a result of anticipated forfeitures.
Schedule of changes in nonvested performance-based shares	Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2016 92,767 $ 18.12 Granted during 2016 — — Vested during 2016 — — Forfeited during 2016 — — Balance, June 30, 2016 92,767 $ 18.12
Schedule of changes in nonvested shares	Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2016 321,421 $ 19.44 Granted during 2016 188,397 16.99 Vested during 2016 (99,826 ) 18.37 Forfeited during 2016 (7,677 ) 18.88 Balance, June 30, 2016 402,315 $ 18.57
Schedule of calculation of basic and diluted earnings per share	Three Months Ended Six Months Ended June 30, June 30, (Dollars in thousands, except per share data) 2016 2015 2016 2015 Net income to shareholders $ 6,564 $ 5,238 12,053 10,246 Basic weighted-average shares outstanding 16,172,223 15,082,516 16,015,251 14,996,596 Plus: common stock equivalents 169,752 150,635 164,449 193,185 Diluted weighted-average shares outstanding 16,341,975 15,233,151 16,179,700 15,189,781 Net income per share Basic $ 0.41 $ 0.34 0.75 0.68 Diluted 0.40 0.34 0.74 0.67

INVESTMENT SECURITIES AVAILAB23

INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2016
INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]
Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale	June 30, 2016 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored entities $ 7,987 $ 15 $ — $ 8,002 Mortgage-backed securities – residential 155,176 2,171 (55 ) 157,292 SBA pool securities 7,406 — (74 ) 7,332 State and political subdivisions 27,665 474 (8 ) 28,131 Single-issuer trust preferred security 2,999 — (539 ) 2,460 CRA investment 3,000 — (1 ) 2,999 Total $ 204,233 $ 2,660 $ (677 ) $ 206,216 December 31, 2015 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Mortgage-backed securities – residential $ 159,747 $ 1,293 $ (433 ) $ 160,607 SBA pool securities 7,601 — (81 ) 7,520 State and political subdivisions 21,612 417 — 22,029 Single-issuer trust preferred security 2,999 — (464 ) 2,535 CRA investment 3,000 — (61 ) 2,939 Total $ 194,959 $ 1,710 $ (1,039 ) $ 195,630
Schedule of Continuous Unrealized Losses and the Approximate Fair Value of these Investments	June 30, 2016 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 $ 7,795 $ (38 ) $ 4,172 $ (17 ) $ 11,967 $ (55 ) SBA pool securities — — 7,332 (74 ) 7,332 (74 ) State and political subdivisions 911 (8 ) — — 911 (8 ) Single-issuer trust preferred security — — 2,460 (539 ) 2,460 (539 ) CRA investment fund — — 2,999 (1 ) 2,999 (1 ) Total $ 8,706 $ (46 ) $ 16,963 $ (631 ) $ 25,669 $ (677 ) December 31, 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 $ 89,717 $ (345 ) $ 8,913 $ (88 ) $ 98,630 $ (433 ) SBA pool securities — — 7,520 (81 ) 7,520 (81 ) Single-issuer trust Preferred security — — 2,535 (464 ) 2,535 (464 ) CRA investment fund — — 2,939 (61 ) 2,939 (61 ) Total $ 89,717 $ (345 ) $ 21,907 $ (694 ) $ 111,624 $ (1,039 )

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of composition of loans categorized by the type of loan	Loans outstanding, excluding those held for sale, by general ledger classification, as of June 30, 2016 and December 31, 2015, consisted of the following: % of % of June 30, Totals December 31, Total (In thousands) 2016 Loans 2015 Loans Residential mortgage $ 479,839 15.24 % $ 470,869 16.16 % Multifamily mortgage 1,501,915 47.70 1,416,775 48.63 Commercial mortgage 459,744 14.60 413,118 14.18 Commercial loans 576,169 18.30 512,886 17.60 Construction loans — — 1,401 0.05 Home equity lines of credit 63,188 2.01 52,649 1.81 Consumer loans, including fixed rate home equity loans 67,614 2.14 45,044 1.55 Other loans 430 0.01 500 0.02 Total loans $ 3,148,899 100.00 % $ 2,913,242 100.00 % In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal call report codes. The following portfolio classes have been identified as of June 30, 2016 and December 31, 2015: % of % of June 31, Totals December 31, Total (In thousands) 2016 Loans 2015 Loans Primary residential mortgage $ 510,062 16.21 % $ 483,085 16.59 % Home equity lines of credit 63,188 2.01 52,804 1.81 Junior lien loan on residence 10,476 0.33 11,503 0.39 Multifamily property 1,501,915 47.72 1,416,775 48.66 Owner-occupied commercial real estate 166,124 5.28 176,276 6.05 Investment commercial real estate 642,530 20.41 568,849 19.54 Commercial and industrial 179,892 5.72 154,295 5.30 Secured by farmland/agricultural production 174 0.01 179 0.01 Commercial construction loans 99 — 151 0.01 Consumer and other loans 72,844 2.31 47,635 1.64 Total loans $ 3,147,304 100.00 % $ 2,911,552 100.00 % Net deferred costs 1,595 1,690 Total loans including net deferred costs $ 3,148,899 $ 2,913,242
Schedule of loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses	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 June 30, 2016 and December 31, 2015: June 30, 2016 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 $ 13,374 $ 228 $ 496,688 $ 2,555 $ 510,062 $ 2,783 Home equity lines of credit 150 — 63,038 223 63,188 223 Junior lien loan on residence 166 — 10,310 19 10,476 19 Multifamily property — — 1,501,915 11,639 1,501,915 11,639 Owner-occupied commercial real estate 1,241 — 164,883 1,733 166,124 1,733 Investment commercial real estate 11,488 219 631,042 9,402 642,530 9,621 Commercial and industrial 224 133 179,668 2,818 179,892 2,951 Secured by farmland and agricultural production — — 174 2 174 2 Commercial construction — — 99 1 99 1 Consumer and Other — — 72,844 247 72,844 247 Total ALLL $ 26,643 $ 580 $ 3,120,661 $ 28,639 $ 3,147,304 $ 29,219 December 31, 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 ALLL Primary residential mortgage $ 9,752 $ 291 $ 473,333 $ 2,006 $ 483,085 $ 2,297 Home equity lines of credit 254 — 52,550 86 52,804 86 Junior lien loan on residence 176 — 11,327 66 11,503 66 Multifamily Property — — 1,416,775 11,813 1,416,775 11,813 Owner-occupied Commercial real estate 1,272 — 175,004 1,679 176,276 1,679 Investment commercial real estate 11,482 61 557,367 7,529 568,849 7,590 Commercial and Industrial 171 138 154,124 2,071 154,295 2,209 Secured by farmland and agricultural production production — — 179 2 179 2 Commercial construction — — 151 2 151 2 Consumer and Other — — 47,635 112 47,635 112 Total ALLL $ 23,107 $ 490 $ 2,888,445 $ 25,366 $ 2,911,552 $ 25,856 The activity in the allowance for loan losses for the three months ended June 30, 2016 is summarized below: April 1, June 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,503 $ (285 ) $ 7 $ 558 $ 2,783 Home equity lines of credit 133 (91 ) 6 175 223 Junior lien loan on residence 13 — 53 (47 ) 19 Multifamily property 11,631 — — 8 11,639 Owner-occupied commercial real estate 1,683 — — 50 1,733 Investment commercial real estate 8,527 — 4 1,090 9,621 Commercial and industrial 2,691 — 8 252 2,951 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — (1 ) 1 Consumer and other loans 136 (4 ) — 115 247 Total ALLL $ 27,321 $ (380 ) $ 78 $ 2,200 $ 29,219 The activity in the allowance for loan losses for the six months ended June 30, 2016 is summarized below: January 1, June 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,297 $ (298 ) $ 21 $ 763 $ 2,783 Home equity lines of credit 86 (91 ) 8 220 223 Junior lien loan on residence 66 — 70 (117 ) 19 Multifamily property 11,813 — — (174 ) 11,639 Owner-occupied commercial real estate 1,679 — — 54 1,733 Investment commercial real estate 7,590 (258 ) 6 2,283 9,621 Commercial and industrial 2,209 (3 ) 12 733 2,951 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — (1 ) 1 Consumer and other loans 112 (5 ) 1 139 247 Total ALLL $ 25,856 $ (655 ) $ 118 $ 3,900 $ 29,219 The activity in the allowance for loan losses for the three months ended June 30, 2015 is summarized below: April 1, June 30, 2015 2015 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,314 $ (68 ) $ 4 $ 159 $ 2,409 Home equity lines of credit 97 (10 ) 1 25 113 Junior lien loan on residence 71 — 10 (8 ) 73 Multifamily property 8,738 — — (115 ) 8,623 Owner-occupied commercial real estate 2,347 — — (61 ) 2,286 Investment commercial real estate 6,135 — 4 1,640 7,779 Commercial and industrial 1,011 (7 ) 21 564 1,589 Secured by farmland and agricultural production 3 — — (1 ) 2 Commercial construction 23 — — (21 ) 2 Consumer and other loans 77 (4 ) 2 18 93 Total ALLL $ 20,816 $ (89 ) $ 42 $ 2,200 $ 22,969 The activity in the allowance for loan losses for the six months ended June 30, 2015 is summarized below: January 1, June 30, 2015 2015 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,923 $ (111 ) $ 70 $ (473 ) $ 2,409 Home equity lines of credit 156 (110 ) 1 66 113 Junior lien loan on residence 109 — 38 (74 ) 73 Multifamily property 8,983 — — (360 ) 8,623 Owner-occupied commercial real estate 1,547 — 11 728 2,286 Investment commercial real estate 4,751 — 10 3,018 7,779 Commercial and industrial 880 (7 ) 46 670 1,589 Secured by farmland and agricultural production 4 — — (2 ) 2 Commercial construction 31 — — (29 ) 2 Consumer and other loans 96 (21 ) 12 6 93 Total ALLL $ 19,480 $ (249 ) $ 188 $ 3,550 $ 22,969
Schedule of loans individually evaluated for impairment	June 30, 2016 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 13,337 $ 11,512 $ — $ 7,577 Owner-occupied commercial real estate 1,451 1,241 — 1,266 Investment commercial real estate 10,438 9,847 — 10,210 Commercial and industrial 231 91 — 6 Home equity lines of credit 439 150 — 217 Junior lien loan on residence 569 166 — 316 Total loans with no related allowance $ 26,465 $ 23,007 $ — $ 19,592 With related allowance recorded: Primary residential mortgage $ 1,899 $ 1,862 $ 228 $ 1,875 Investment commercial real estate 1,657 1,641 219 1,242 Commercial and industrial 179 133 133 137 Total loans with related allowance $ 3,735 $ 3,636 $ 580 $ 3,254 Total loans individually evaluated for impairment $ 30,200 $ 26,643 $ 580 $ 22,846 December 31, 2015 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 8,998 $ 7,782 $ — $ 5,683 Owner-occupied commercial real estate 1,460 1,272 — 1,379 Investment commercial real estate 11,099 10,233 — 10,330 Commercial and industrial 63 33 — 112 Home equity lines of credit 258 254 — 229 Junior lien loan on residence 219 176 — 166 Consumer and other — — — 1 Total loans with no related allowance $ 22,097 $ 19,750 $ — $ 17,900 With related allowance recorded: Primary residential mortgage $ 2,090 $ 1,970 $ 291 $ 1,894 Investment commercial real estate 1,249 1,249 61 1,266 Commercial and industrial 179 138 138 144 Total loans with related allowance $ 3,518 $ 3,357 $ 490 $ 3,304 Total loans individually evaluated for impairment $ 25,615 $ 23,107 $ 490 $ 21,204
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual	June 30, 2016 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 6,030 $ — Home equity lines of credit 126 — Junior lien loan on residence 110 — Owner-occupied commercial real estate 1,241 — Investment commercial real estate 408 — Commercial and industrial 134 — Total $ 8,049 $ — December 31, 2015 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 4,549 $ — Home equity lines of credit 229 — Junior lien loan on residence 118 — Owner-occupied commercial real estate 1,272 — Investment commercial real estate 408 — Commercial and industrial 171 — Consumer and other — — Total $ 6,747 $ —
Schedule of aging of past due loans	June 30, 2016 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 4,352 $ — $ — $ 4,352 Home equity lines of credit — 157 — 157 Investment commercial real estate 1,954 — — 1,954 Commercial and industrial — 91 — 91 Consumer and other 22 — — 22 Total $ 6,328 $ 248 $ — $ 6,576 December 31, 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 $ 1,214 $ 157 $ — $ 1,371 Investment commercial real estate 772 — — 772 Total $ 1,986 $ 157 $ — $ 2,143
Schedule of the risk category of loans by class of loans	As of June 30, 2016, 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 $ 495,876 $ 673 $ 13,513 $ — Home equity lines of credit 63,038 — 150 — Junior lien loan on residence 10,310 — 166 — Multifamily property 1,499,558 1,950 407 — Owner-occupied commercial real estate 160,427 906 4,791 — Investment commercial real estate 606,571 4,127 31,832 — Commercial and industrial 174,237 5,430 225 — Farmland 174 — — — Commercial construction — 99 — — Consumer and other loans 72,844 — — — Total $ 3,083,035 $ 13,185 $ 51,084 $ — As of December 31, 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 $ 471,859 $ 1,332 $ 9,894 $ — Home equity lines of credit 52,550 — 254 — Junior lien loan on residence 11,327 — 176 — Multifamily property 1,407,856 7,718 1,201 — Owner-occupied commercial real estate 170,420 928 4,928 — Investment commercial real estate 536,479 6,217 26,153 — Commercial and industrial 148,940 5,184 171 — Farmland 179 — — — Agricultural production — — — — Commercial construction — 151 — — Consumer and other loans 47,635 — — — Total $ 2,847,245 $ 21,530 $ 42,777 $ —
Schedule of loans modified as troubled debt restructurings	The following table presents loans by class modified as TDRs during the three month period ended June 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 4 $ 3,424 $ 3,424 Investment commercial real estate 1 79 79 Commercial and industrial 1 91 91 Total 6 $ 3,594 $ 3,594 The following table presents loans by class modified as TDRs during the six month period ended June 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 6 $ 4,556 $ 4,556 Investment commercial real estate 1 79 79 Commercial and industrial 1 91 91 Total 8 $ 4,726 $ 4,726 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 during the three and six month periods ended June 30, 2015: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 225 $ 225 Owner-occupied real estate 1 767 767 Total 3 $ 992 $ 992 There were no loans that were modified as TDRs for which there was a payment default, within twelve months of modification, during the three and six months ended June 30, 2016. The following table presents loans by class modified as troubled debt restructurings for which there was a payment default, within twelve months of modification, during the three and six month periods ended June 30, 2015 Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 2 $ 532 Total 2 $ 532

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2016
Deposits:
Schedule of deposit liabilities	June 30, December 31, 2016 2015 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 469,809 15.11 % $ 419,887 14.30 % Interest-bearing checking 897,210 28.86 861,697 29.36 Savings 120,617 3.88 115,007 3.92 Money market 861,664 27.72 810,709 27.62 Certificates of deposit 466,079 14.99 $ 434,450 14.80 Subtotal deposits 2,815,379 90.56 2,641,750 90.00 Interest-bearing demand - Brokered 200,000 6.43 200,000 6.81 Certificates of deposit - Brokered 93,660 3.01 93,720 3.19 Total deposits $ 3,109,039 100.00 % $ 2,935,470 100.00 %
Schedule of maturities of time deposits	(In thousands) 2016 $ 54,290 2017 128,712 2018 192,075 2019 67,680 2020 34,545 Over 5 Years 82,437 Total $ 559,739

FEDERAL HOME LOAN BANK ADVANC26

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of maturity dates of the advances and other borrowings	(In thousands) 2016 $ 21,897 2017 23,897 2018 34,898 2019 3,000 2020 — Over 5 years — Total $ 83,692

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of income and total assets for reportable segments	The following tables present the statements of income and total assets for the Corporation’s reportable segments for the three and six months ended June 30, 2016 and 2015. Three Months Ended June 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 22,778 $ 1,398 $ 24,176 Noninterest income 2,432 5,016 7,448 Total income 25,210 6,414 31,624 Provision for loan losses 2,200 — 2,200 Salaries and benefits 9,033 2,067 11,100 Premises and equipment expense 2,507 235 2,742 Other noninterest expense 3,529 1,404 4,933 Total noninterest expense 17,269 3,706 20,975 Income before income tax expense 7,941 2,708 10,649 Income tax expense 3,032 1,053 4,085 Net income $ 4,909 $ 1,655 $ 6,564 Three Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 19,351 $ 993 $ 20,344 Noninterest income 1,896 4,603 6,499 Total income 21,247 5,596 26,843 Provision for loan losses 2,200 — 2,200 Salaries and benefits 7,830 2,042 9,872 Premises and equipment expense 2,549 229 2,778 Other noninterest expense 2,461 1,155 3,616 Total noninterest expense 15,040 3,426 18,466 Income before income tax expense 6,207 2,170 8,377 Income tax expense 2,294 845 3,139 Net income $ 3,913 $ 1,325 $ 5,238 Six Months Ended June 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 44,768 $ 2,818 $ 47,586 Noninterest income 4,312 9,399 13,711 Total income 49,080 12,217 61,297 Provision for loan losses 3,900 — 3,900 Salaries and benefits 17,845 4,163 22,008 Premises and equipment expense 5,144 462 5,606 Other noninterest expense 7,446 2,921 10,367 Total noninterest expense 34,335 7,546 41,881 Income before income tax expense 14,745 4,671 19,416 Income tax expense 5,546 1,817 7,363 Net income $ 9,199 $ 2,854 $ 12,053 Total assets for period end $ 3,555,910 $ 48,793 $ 3,604,703 Six Months Ended June 30, 2015 Wealth Management (In thousands) Banking Division Total Net interest income $ 37,921 $ 2,006 $ 39,927 Noninterest income 3,673 8,708 12,381 Total income 41,594 10,714 52,308 Provision for loan losses 3,550 — 3,550 Salaries and benefits 15,370 3,927 19,297 Premises and equipment expense 4,934 460 5,394 Other noninterest expense 4,956 2,387 7,343 Total noninterest expense 28,810 6,774 35,584 Income before income tax expense 12,784 3,940 16,724 Income tax expense 4,945 1,533 6,478 Net income $ 7,839 $ 2,407 $ 10,246 Total assets for period end $ 3,084,507 $ 33,663 $ 3,118,170

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2016 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored entities $ 8,002 $ — $ 8,002 $ — Mortgage-backed securities- residential 157,292 — 157,292 — SBA pool securities 7,332 — 7,332 — State and political subdivisions 28,131 — 28,131 — Single-Issuer Trust Preferred 2,460 — 2,460 — CRA investment fund 2,999 2,999 — — Loans held for sale, at fair value 4,133 — 4,133 — Derivatives: Loan level swaps 2,908 — 2,908 — Total $ 213,257 $ 2,999 $ 210,258 $ — Liabilities: Derivatives: Cash flow hedges $ (6,302 ) $ — $ (6,302 ) $ — Loan level swaps (2,908 ) — (2,908 ) — Total $ (9,210 ) $ — $ (9,210 ) $ — Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs (In thousands) 2015 (Level 1) (Level 2) (Level 3) Assets: Available for sale: Mortgage-backed securities- residential $ 160,607 $ — $ 160,607 $ — SBA pool securities 7,520 — 7,520 — State and political subdivisions 22,029 — 22,029 — Single-Issuer Trust Preferred 2,535 — 2,535 — CRA investment fund 2,939 2,939 — — Loans held for sale, at fair value 1,558 — 1,558 — Derivatives: Cash flow hedges 104 — 104 — Loan level swaps $ 1,106 — 1,106 — Total 198,398 $ 2,939 $ 195,459 $ — Liabilities: Derivatives: Cash flow hedges (1,434 ) $ — $ (1,434 ) $ — Loan level swaps $ (1,106 ) — (1,106 ) — Total $ (2,540 ) $ — $ (2,540 ) $ —
Schedule of residential loans held for sale	(In thousands) June 30, 2016 December 31, 2015 Residential loans contractual balance $ 4,067 $ 1,536 Fair value adjustment 66 22 Total fair value of residential loans held for sale $ 4,133 $ 1,558
Schedule of 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 Identical Observable Unobservable June 30, Assets Inputs Inputs (In thousands) 2016 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Investment commercial real estate $ 245 $ — $ — $ 245 December 31, (In thousands) 2015 Assets: Impaired loans: Primary residential mortgage $ 251 $ — $ — $ 251 OREO 330 — — 330
Schedule of carrying amounts and estimated fair values of financial instruments	The carrying amounts and estimated fair values of financial instruments at June 30, 2016 are as follows: Fair Value Measurements at June 30, 2016 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 81,330 $ 81,330 $ — $ — $ 81,330 Securities available for sale 206,216 2,999 203,217 — 206,216 FHLB and FRB stock 14,623 — — — N/A Loans held for sale, at fair value 4,133 — 4,133 — 4,133 Loans held for sale, at lower of cost or fair value 60,291 — 60,291 — 60,291 Loans, net of allowance for loan losses 3,119,680 — — 3,127,282 3,127,282 Accrued interest receivable 7,733 — 624 7,109 7,733 Loan level swap derivatives 2,908 — 2,908 — 2,908 Financial liabilities Deposits $ 3,109,039 $ 2,549,300 $ 567,473 $ — $ 3,116,773 Overnight borrowings 29,450 — 29,450 — 29,450 Federal home loan bank advances 83,692 — 84,839 — 84,839 Subordinated debt 48,698 — — 48,698 48,698 Accrued interest payable 1,177 125 919 133 1,177 Cash flow hedge derivatives 6,302 — 6,302 — 6,302 Loan level swap derivatives 2,908 — 2,908 — 2,908 The carrying amounts and estimated fair values of financial instruments at December 31, 2015 are as follows: Fair Value Measurements at December 31, 2015 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 70,160 $ 70,160 $ — $ — $ 70,160 Securities available for sale 195,630 2,939 192,691 — 195,630 FHLB and FRB stock 13,984 — — — N/A Loans held for sale, at fair value 1,558 — 1,558 — 1,558 Loans held for sale, at lower of cost or fair value 82,200 — 82,200 — 82,200 Loans, net of allowance for loan losses 2,887,386 — — 2,865,601 2,865,601 Accrued interest receivable 6,820 — 562 6,258 6,820 Cash flow Hedges 104 — 104 — 104 Loan level swaps 1,106 — 1,106 — 1,106 Financial liabilities Deposits $ 2,935,470 $ 2,407,300 $ 526,226 $ — $ 2,933,526 Overnight borrowings 40,700 — 40,700 — 40,700 Federal home loan bank advances 83,692 — 84,409 — 84,409 Accrued interest payable 957 128 829 — 957 Cash flow hedges 1,434 — 1,434 — 1,434 Loan level swaps 1,106 — 1,106 — 1,106

OTHER OPERATING EXPENSES (Table

OTHER OPERATING EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2016
Other Income and Expenses [Abstract]
Schedule of components of other operating expenses	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2016 2015 2016 2015 FDIC assessment $ 1,581 $ 431 3,140 913 Wealth management division other expense 481 512 1,103 1,133 Professional and legal fees 756 583 1,742 1,351 Loan expense 121 76 233 189 Other operating expenses 1,994 2,014 4,149 3,757 Total other operating expenses $ 4,933 $ 3,616 10,367 7,343

ACCUMULATED OTHER COMPREHENSI30

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Tables)	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of accumulated other comprehensive income balances, net of tax	Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2016 Reclassifications (Income) 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 1,033 $ 203 $ (12 ) $ 191 $ 1,224 Losses on cash flow hedges (3,047 ) (680 ) — (680 ) (3,727 ) Accumulated other comprehensive income/(loss), net of tax $ (2,014 ) $ (477 ) $ (12 ) $ (489 ) $ (2,503 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at April 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,926 $ (706 ) $ (104 ) $ (810 ) $ 1,116 Losses on cash flow hedges (687 ) 374 — 374 (313 ) Accumulated other comprehensive income, net of tax $ 1,239 $ (332 ) $ (104 ) $ (436 ) $ 803 Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Six Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2016 Reclassifications (Income) 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 408 $ 890 $ (74 ) $ 816 $ 1,224 Losses on cash flow hedges (787 ) (2,940 ) — (2,940 ) (3,727 ) Accumulated other comprehensive income/(loss), net of tax $ (379 ) $ (2,050 ) $ (74 ) $ (2,124 ) $ (2,503 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Six Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive June 30, June 30, (In thousands) 2015 Reclassifications (Income) 2015 2015 Net unrealized holding gain on securities available for sale, net of tax $ 1,321 $ 57 $ (262 ) $ (205 ) $ 1,116 Losses on cash flow hedges (100 ) (213 ) — (213 ) (313 ) Accumulated other comprehensive income, net of tax $ 1,221 $ (156 ) $ (262 ) $ (418 ) $ 803
Schedule of the reclassifications out of accumulated other comprehensive income	Three Months Ended June 30, (In thousands) 2016 2015 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 18 $ 176 Securities gains, net Income tax expense (6 ) (72 ) Income tax expense Total reclassifications, net of tax $ 12 $ 104 Six Months Ended June 30, (In thousands) 2016 2015 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ 119 $ 444 Securities gains, net Income tax expense (45 ) (182 ) Income tax expense Total reclassifications, net of tax $ 74 $ 262

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Information about Derivatives	The following information about the interest rate swaps designated as cash flow hedges as of June 30, 2016 and December 31, 2015 is presented in the following table: (Dollars in thousands) June 30, 2016 December 31, 2015 Notional amount $ 180,000 $ 180,000 Weighted average pay rate 1.64 % 1.64 % Weighted average receive rate 0.52 % 0.29 % Weighted average maturity 3.75 years 4.25 years Unrealized loss $ (6,302 ) $ (1,331 ) Number of contracts 9 9 Information about these swaps is as follows: (Dollars in thousands) June 30, 2016 December 31, 2015 Notional amount $ 34,606 $ 27,259 Fair value $ 2,908 $ 1,106 Weighted average pay rates 3.25 % 3.06 % Weighted average receive rates 1.86 % 1.44 % Weighted average maturity 14.0 years 15.8 years Number of contracts 3 3
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 June 30, 2016 (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 $ (680 ) $ — $ — The following table presents the net gains recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended June 30, 2015: Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ 374 $ — $ — The following table presents the net losses recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the six months ended June 30, 2016 (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 $ (2,940 ) $ — $ — 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 six months ended June 30, 2015: Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non-Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ (213 ) $ — $ —
Schedule of Notional Amount and Fair Value	The following tables reflect the cash flow hedges included in the financial statements as of June 30, 2016 and December 31, 2015: June 30, 2016 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (6,302 ) Total included in other assets $ — $ — Total included in other liabilities $ 180,000 $ (6,302 ) December 31, 2015 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (1,330 ) Total included in other assets $ 15,000 $ 104 Total included in other liabilities $ 165,000 $ (1,434 )

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative - Other) (Details) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)shares	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)shares
Threshold for determining nonaccrual status			90 days
Antidilutive securities	83,799	114,198	85,156	254,767
Cash dividends declared on common stock, per share | $ / shares			$ .10
Finite-Lived Intangible Asset, Useful Life			15 years
Consumer and Other [Member]
Threshold for determining nonaccrual status			120 days
Substandard [Member]
Loan reserve multiple	5		5
Special Mention [Member]
Loan reserve multiple	2.5		2.5
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 | $	$ 29	$ 24	$ 64	$ 51
Issuance of shares for Employee Stock Purchase Plan, shares	10,214	7,571	19,758	15,459
Employee Stock [Member] | Minimum [Member]
Percentage of compensation contributable			1.00%
Employee Stock [Member] | Maximum [Member]
Percentage of compensation contributable			15.00%

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock-Based Compensation Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Closing stock price of common stock	$ 18.50			$ 18.50
Employee Stock Option [Member]
Option term				10 years
Vesting term				5 years
Unrecognized compensation cost	$ 28			$ 28
Weighted average period, unrecognized compensation expected to be recognized (in years)				7 months 17 days
Total compensation cost	14		$ 56	$ 34	$ 121
Recognized tax benefit	1		6	3	12
Restricted stock [Member]
Unrecognized compensation cost	6,300			$ 6,300
Weighted average period, unrecognized compensation expected to be recognized (in years)				1 year 7 months 21 days
Total compensation cost	830		$ 623	$ 1,400	$ 1,100
Restricted stock [Member] | Share-based Compensation Award, Tranche Three [Member]
Vesting term				5 years
Restricted stock [Member] | Share-based Compensation Award, Tranche Two [Member]
Vesting term				3 years
Restricted stock [Member] | Share-based Compensation Award, Tranche One [Member]
Vesting term				1 year
Performance Shares [Member]
Unrecognized compensation cost	$ 1,700			$ 1,700
Reversal of previously recorded amounts		$ 592

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Options Outstanding) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Number of Options
Balance | shares	267,289
Granted | shares
Exercised | shares	(7,465)
Expired | shares	(13,579)
Forfeited | shares	(442)
Balance | shares	245,803
Vested and expected to vest | shares	245,201
Exercisable | shares	235,776
Weighted Average Exercise Price
Balance | $ / shares	$ 17.28
Granted | $ / shares
Exercised | $ / shares	13.57
Expired | $ / shares	21.82
Forfeited | $ / shares	16.12
Balance | $ / shares	17.15
Vested and expected to vest | $ / shares	17.18
Exercisable | $ / shares	$ 17.31
Weighted Average Remaining Contractual Term
Balance	3 years 11 months 9 days
Vested and Expected to Vest	3 years 11 months 9 days
Exercisable	3 years 10 months 6 days
Aggregate Intrinsic Value
Balance | $	$ 334
Vested and expected to vest | $	326
Exercisable | $	$ 283

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Restricted Common Shares) (Details)	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Restricted stock [Member]
Number of Shares
Balance at Beginning | shares	321,421
Granted | shares	188,397
Vested | shares	(99,826)
Forfeited | shares	(7,677)
Balance at end | shares	402,315
Weighted Average Grant Date Fair Value
Balance at Beginning | $ / shares	$ 19.44
Granted | $ / shares	16.99
Vested | $ / shares	18.37
Forfeited | $ / shares	18.88
Balance at end | $ / shares	$ 18.57
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 | $ / shares	$ 18.12
Granted | $ / shares
Vested | $ / shares
Forfeited | $ / shares
Balance at end | $ / shares	$ 18.12

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accounting Policies [Abstract]
Net income to shareholders	$ 6,564	$ 5,238	$ 12,053	$ 10,246
Basic weighted average common shares outstanding (in shares)	16,172,223	15,082,516	16,015,251	14,996,596
Plus: common stock equivalents	169,752	150,635	164,449	193,185
Diluted weighted-average common shares outstanding	16,341,975	15,233,151	16,179,700	15,189,781
Net Income Per Common Share
Basic	$ 0.41	$ 0.34	$ 0.75	$ 0.68
Diluted	$ 0.40	$ 0.34	$ 0.74	$ 0.67

INVESTMENT SECURITIES AVAILAB37

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Amortized Cost and Approximate Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Amortized Cost	$ 204,233	$ 194,959
Gross Unrealized Gains	2,660	1,710
Gross Unrealized Losses	(677)	(1,039)
Fair Value	206,216	195,630
U.S. Government-Sponsored Entities [Member]
Amortized Cost	7,987
Gross Unrealized Gains	15
Gross Unrealized Losses
Fair Value	8,002
Mortgage-Backed Securities-Residential [Member]
Amortized Cost	155,176	159,747
Gross Unrealized Gains	2,171	1,293
Gross Unrealized Losses	(55)	(433)
Fair Value	157,292	160,607
SBA Pool Securities [Member]
Amortized Cost	7,406	7,601
Gross Unrealized Gains
Gross Unrealized Losses	(74)	(81)
Fair Value	7,332	7,520
State and Political Subdivisions [Member]
Amortized Cost	27,665	21,612
Gross Unrealized Gains	474	417
Gross Unrealized Losses	(8)
Fair Value	28,131	22,029
Single-Issuer Trust Preferred Security [Member]
Amortized Cost	2,999	2,999
Gross Unrealized Gains
Gross Unrealized Losses	(539)	(464)
Fair Value	2,460	2,535
CRA Investment Fund [Member]
Amortized Cost	3,000	3,000
Gross Unrealized Gains
Gross Unrealized Losses	(1)	(61)
Fair Value	$ 2,999	$ 2,939

INVESTMENT SECURITIES AVAILAB38

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Securities with Continuous Unrealized Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Approximate Fair Value
Less Than 12 Months	$ 8,706	$ 89,717
12 Months or Longer	16,963	21,907
Total	25,669	111,624
Unrealized Losses
Less Than 12 Months	(46)	(345)
12 Months or Longer	(631)	(694)
Total	(677)	(1,039)
Mortgage-Backed Securities-Residential [Member]
Approximate Fair Value
Less Than 12 Months	7,795	89,717
12 Months or Longer	4,172	8,913
Total	11,967	98,630
Unrealized Losses
Less Than 12 Months	(38)	(345)
12 Months or Longer	(17)	(88)
Total	(55)	(433)
SBA Pool Securities [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	7,332	7,520
Total	7,332	7,520
Unrealized Losses
Less Than 12 Months
12 Months or Longer	(74)	(81)
Total	(74)	(81)
State and Political Subdivisions [Member]
Approximate Fair Value
Less Than 12 Months	911
12 Months or Longer
Total	911
Unrealized Losses
Less Than 12 Months	(8)
12 Months or Longer
Total	(8)
Single-Issuer Trust Preferred Security [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	2,460	2,535
Total	2,460	2,535
Unrealized Losses
Less Than 12 Months
12 Months or Longer	(539)	(464)
Total	(539)	(464)
CRA Investment Fund [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	2,999	2,939
Total	2,999	2,939
Unrealized Losses
Less Than 12 Months
12 Months or Longer	(1)	(61)
Total	$ (1)	$ (61)

LOANS (Narrative) (Details)

LOANS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Receivables [Abstract]
Impaired non-accrual loans	$ 8,049		$ 8,049		$ 6,747
Impaired non-accrual loans performing troubled debt restructured	18,600		18,600		16,200
Allowance allocated to troubled debt restructured loans	417		417		160
Allowance allocated to non accrual loans	157		157		162
Impaired loans	26,643		26,643		23,107
Troubled debt restructurings specific reserves to customers	417		417		$ 441
Gain on loans held for sale at lower of cost or fair value	$ 500		624
Proceeds from sales of loans held for sale at lower of cost or fair value			$ 138,196

LOANS (Schedule of Loans Outsta

LOANS (Schedule of Loans Outstanding, by Classification) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2016
Total loans	$ 2,913,242	$ 3,148,899
Unallocated Financing Receivables [Member]
Total loans	500	430
Residential Mortgage [Member] | Residential Portfolio Segment [Member]
Total loans	470,869	479,839
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total loans	1,416,775	1,501,915
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	413,118	459,744
Commercial Loans [Member] | Commercial Portfolio Segment [Member]
Total loans	512,886	576,169
Construction Loans [Member]
Total loans	1,401
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	52,649	63,188
Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other [Member]
Total loans	$ 45,044	$ 67,614
Loans and Finance Receivables [Member]
Total loans (in percent)	100.00%	100.00%
Loans and Finance Receivables [Member] | Unallocated Financing Receivables [Member]
Total loans (in percent)	0.02%	0.01%
Loans and Finance Receivables [Member] | Residential Mortgage [Member] | Residential Portfolio Segment [Member]
Total loans (in percent)	16.16%	15.24%
Loans and Finance Receivables [Member] | Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total loans (in percent)	48.63%	47.70%
Loans and Finance Receivables [Member] | Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans (in percent)	14.18%	14.60%
Loans and Finance Receivables [Member] | Commercial Loans [Member] | Commercial Portfolio Segment [Member]
Total loans (in percent)	17.60%	18.30%
Loans and Finance Receivables [Member] | Construction Loans [Member]
Total loans (in percent)	0.05%
Loans and Finance Receivables [Member] | Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans (in percent)	1.81%	2.01%
Loans and Finance Receivables [Member] | Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other [Member]
Total loans (in percent)	1.55%	2.14%

LOANS (Schedule of Loan Balance

LOANS (Schedule of Loan Balances by Portfolio Class) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2016
Total loans	$ 2,911,552	$ 3,147,304
Net deferred fees	1,690	1,595
Total loans including net deferred costs	2,913,242	3,148,899
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	11,503	10,476
Consumer and Other [Member]
Total loans	47,635	72,844
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total loans	483,085	510,062
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	52,804	63,188
Total loans including net deferred costs	52,649	63,188
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total loans	1,416,775	1,501,915
Total loans including net deferred costs	1,416,775	1,501,915
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	176,276	166,124
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	568,849	642,530
Construction Loans [Member]
Total loans including net deferred costs	1,401
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total loans	151	99
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total loans	154,295	179,892
Agricultural Sector [Member]
Total loans	$ 179	$ 174
Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	100.00%	100.00%
Loans and Finance Receivables, Gross [Member] | Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans (in percent)	0.39%	0.33%
Loans and Finance Receivables, Gross [Member] | Consumer and Other [Member]
Total loans (in percent)	1.64%	2.31%
Loans and Finance Receivables, Gross [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total loans (in percent)	16.59%	16.21%
Loans and Finance Receivables, Gross [Member] | Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans (in percent)	1.81%	2.01%
Loans and Finance Receivables, Gross [Member] | Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total loans (in percent)	48.66%	47.72%
Loans and Finance Receivables, Gross [Member] | Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans (in percent)	6.05%	5.28%
Loans and Finance Receivables, Gross [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans (in percent)	19.54%	20.41%
Loans and Finance Receivables, Gross [Member] | Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total loans (in percent)	0.01%
Loans and Finance Receivables, Gross [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total loans (in percent)	5.30%	5.72%
Loans and Finance Receivables, Gross [Member] | Agricultural Sector [Member]
Total loans (in percent)	0.01%	0.01%

LOANS (Schedule of Balances by

LOANS (Schedule of Balances by Portfolio Class, Based on Impairment Method) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Total Loans Individually Evaluated for Impairment	$ 26,643		$ 23,107
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	580		490
Total Loans Collectively Evaluated for Impairment	3,120,661		2,888,445
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	28,639		25,366
Total Loans	3,147,304		2,911,552
Total Ending ALLL	29,219	$ 27,321	25,856	$ 22,969	$ 20,816	$ 19,480
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans Individually Evaluated for Impairment	166		176
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	10,310		11,327
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	19		66
Total Loans	10,476		11,503
Total Ending ALLL	19	13	66	73	71	109
Consumer and Other [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	72,844		47,635
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	247		112
Total Loans	72,844		47,635
Total Ending ALLL	247	136	112	93	77	96
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	13,374		9,752
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	228		291
Total Loans Collectively Evaluated for Impairment	496,688		473,333
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,555		2,006
Total Loans	510,062		483,085
Total Ending ALLL	2,783	2,503	2,297	2,409	2,314	2,923
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	150		254
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	63,038		52,550
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	223		86
Total Loans	63,188		52,804
Total Ending ALLL	223	133	86	113	97	156
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	1,501,915		1,416,775
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	11,639		11,813
Total Loans	1,501,915		1,416,775
Total Ending ALLL	11,639	11,631	11,813	8,623	8,738	8,983
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	1,241		1,272
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	164,883		175,004
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	1,733		1,679
Total Loans	166,124		176,276
Total Ending ALLL	1,733	1,683	1,679	2,286	2,347	1,547
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	11,488		11,482
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	219		61
Total Loans Collectively Evaluated for Impairment	631,042		557,367
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	9,402		7,529
Total Loans	642,530		568,849
Total Ending ALLL	9,621	8,527	7,590	7,779	6,135	4,751
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	99		151
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	1		2
Total Loans	99		151
Total Ending ALLL	1	2	2	2	23	31
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	224		171
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	133		138
Total Loans Collectively Evaluated for Impairment	179,668		154,124
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,818		2,071
Total Loans	179,892		154,295
Total Ending ALLL	2,951	2,691	2,209	1,589	1,011	880
Agricultural Sector [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	174		179
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2		2
Total Loans	174		179
Total Ending ALLL	$ 2	$ 2	$ 2	$ 2	$ 3	$ 4

LOANS (Schedule of Schedule of

LOANS (Schedule of Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Unpaid Principal Balance
With no related allowance recorded	$ 26,465	$ 22,097
With related allowance recorded	3,735	3,518
Total loans individually evaluated impairment	30,200	26,615
Recorded Investment
With no related allowance recorded	23,007	19,750
With related allowance recorded	3,636	3,357
Total loans individually evaluated impairment	26,643	23,107
Specific Reserves	580	490
Average Impaired Loans
With no related allowance recorded	19,592	25,615
With related allowance recorded	3,254	23,107
Total loans individually evaluated impairment	22,846	21,204
Residential Portfolio Segment [Member] | Junior Lien [Member]
Unpaid Principal Balance
With no related allowance recorded	569	219
Recorded Investment
With no related allowance recorded	166	176
Average Impaired Loans
With no related allowance recorded	316	166
Consumer and Other [Member]
Unpaid Principal Balance
With no related allowance recorded
Recorded Investment
With no related allowance recorded
Average Impaired Loans
With no related allowance recorded		1
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	13,337	8,998
With related allowance recorded	1,899	2,090
Recorded Investment
With no related allowance recorded	11,512	7,782
With related allowance recorded	1,862	1,970
Specific Reserves	228	291
Average Impaired Loans
With no related allowance recorded	7,577	5,683
With related allowance recorded	1,875	1,894
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	10,438	11,099
With related allowance recorded	1,657	1,249
Recorded Investment
With no related allowance recorded	9,847	10,233
With related allowance recorded	1,641	1,249
Specific Reserves	219	61
Average Impaired Loans
With no related allowance recorded	10,210	10,330
With related allowance recorded	1,242	1,266
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	439	258
Recorded Investment
With no related allowance recorded	150	254
Average Impaired Loans
With no related allowance recorded	217	229
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	1,451	1,460
Recorded Investment
With no related allowance recorded	1,241	1,272
Average Impaired Loans
With no related allowance recorded	1,266	1,379
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Unpaid Principal Balance
With no related allowance recorded	231	63
With related allowance recorded	179	179
Recorded Investment
With no related allowance recorded	91	33
With related allowance recorded	133	138
Specific Reserves	133	138
Average Impaired Loans
With no related allowance recorded	6	112
With related allowance recorded	$ 137	$ 144

LOANS (Schedule of Investment i

LOANS (Schedule of Investment in Nonaccrual and Loans Past Due Over 90 Days) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Impaired non-accrual loans	$ 8,049	$ 6,747
Loans Past Due Over 90 Days And Still Accruing Interest
Residential Portfolio Segment [Member] | Junior Lien [Member]
Impaired non-accrual loans	110	118
Loans Past Due Over 90 Days And Still Accruing Interest
Consumer and Other [Member]
Impaired non-accrual loans
Loans Past Due Over 90 Days And Still Accruing Interest
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Impaired non-accrual loans	6,030	4,549
Loans Past Due Over 90 Days And Still Accruing Interest
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Impaired non-accrual loans	126	229
Loans Past Due Over 90 Days And Still Accruing Interest
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired non-accrual loans	1,241	1,272
Loans Past Due Over 90 Days And Still Accruing Interest
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired non-accrual loans	408	408
Loans Past Due Over 90 Days And Still Accruing Interest
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Impaired non-accrual loans	134	171
Loans Past Due Over 90 Days And Still Accruing Interest

LOANS (Schedule of Schedule o45

LOANS (Schedule of Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Total Past Due	$ 6,576	$ 2,143
Consumer and Other [Member]
Total Past Due	22
30 to 59 Days Past Due [Member]
Total Past Due	6,328	1,986
30 to 59 Days Past Due [Member] | Consumer and Other [Member]
Total Past Due	22
60 to 89 Days Past Due [Member]
Total Past Due	248	157
60 to 89 Days Past Due [Member] | Consumer and Other [Member]
Total Past Due
Greater Than 90 Days Past Due [Member]
Total Past Due
Greater Than 90 Days Past Due [Member] | Consumer and Other [Member]
Total Past Due
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Past Due	4,352	1,371
Primary Residential Mortgages [Member] | 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Total Past Due	4,352	1,214
Primary Residential Mortgages [Member] | 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Total Past Due		157
Primary Residential Mortgages [Member] | Greater Than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Total Past Due
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Past Due	157
Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Total Past Due
Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Total Past Due	157
Home Equity Lines of Credit [Member] | Greater Than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Total Past Due
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Past Due	1,954	772
Investment Property [Member] | 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Past Due	1,954	772
Investment Property [Member] | 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Past Due
Investment Property [Member] | Greater Than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Past Due
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Past Due	91
Commercial and Industrial Sector [Member] | 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Total Past Due
Commercial and Industrial Sector [Member] | 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Total Past Due	91
Commercial and Industrial Sector [Member] | Greater Than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Total Past Due

LOANS (Schedule of Schedule o46

LOANS (Schedule of Schedule of Risk Category of Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Total Loans	$ 3,147,304	$ 2,911,552
Impaired loans	30,200	26,615
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans	10,476	11,503
Consumer and Other [Member]
Total Loans	72,844	47,635
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans	510,062	483,085
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans	63,188	52,804
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total Loans	1,501,915	1,416,775
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	642,530	568,849
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total Loans	99	151
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	166,124	176,276
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans	179,892	154,295
Agricultural Sector [Member]
Total Loans	174	179
Pass [Member]
Total Loans	3,083,035	2,847,245
Pass [Member] | Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans	10,310	11,327
Pass [Member] | Consumer and Other [Member]
Total Loans	72,844	47,635
Pass [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans	495,876	471,859
Pass [Member] | Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans	63,038	52,550
Pass [Member] | Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total Loans	1,499,558	1,407,856
Pass [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	606,571	536,479
Pass [Member] | Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total Loans
Pass [Member] | Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	160,427	170,420
Pass [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans	174,237	148,940
Pass [Member] | Agricultural Sector [Member]
Total Loans	174	179
Special Mention [Member]
Total Loans	13,185	21,530
Special Mention [Member] | Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans
Special Mention [Member] | Consumer and Other [Member]
Total Loans
Special Mention [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans	673	1,332
Special Mention [Member] | Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans
Special Mention [Member] | Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total Loans	1,950	7,718
Special Mention [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	4,127	6,217
Special Mention [Member] | Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total Loans	99	151
Special Mention [Member] | Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	906	928
Special Mention [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans	5,430	5,184
Special Mention [Member] | Agricultural Sector [Member]
Total Loans
Substandard [Member]
Total Loans	51,084	42,777
Impaired loans	25,400	21,800
Substandard [Member] | Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans	166	176
Substandard [Member] | Consumer and Other [Member]
Total Loans
Substandard [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans	13,513	9,894
Substandard [Member] | Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans	150	254
Substandard [Member] | Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total Loans	407	1,201
Substandard [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	31,832	26,153
Substandard [Member] | Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total Loans
Substandard [Member] | Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans	4,791	4,928
Substandard [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans	225	171
Substandard [Member] | Agricultural Sector [Member]
Total Loans
Doubtful [Member]
Total Loans
Doubtful [Member] | Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans
Doubtful [Member] | Consumer and Other [Member]
Total Loans
Doubtful [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Total Loans
Doubtful [Member] | Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total Loans
Doubtful [Member] | Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total Loans
Doubtful [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans
Doubtful [Member] | Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total Loans
Doubtful [Member] | Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Total Loans
Doubtful [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans
Doubtful [Member] | Agricultural Sector [Member]
Total Loans

LOANS (Schedule of Activity in

LOANS (Schedule of Activity in Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Allowance for loan losses
Beginning ALLL	$ 27,321	$ 20,816	$ 25,856	$ 19,480
Charge-Offs	(380)	(89)	(655)	(249)
Recoveries	78	42	118	188
Provision (Credit)	2,200	2,200	3,900	3,550
Ending ALLL	29,219	22,969	29,219	22,969
Residential Portfolio Segment [Member] | Junior Lien [Member]
Allowance for loan losses
Beginning ALLL	13	71	66	109
Charge-Offs
Recoveries	53	10	70	38
Provision (Credit)	(47)	(8)	(117)	(74)
Ending ALLL	19	73	19	73
Consumer and Other [Member]
Allowance for loan losses
Beginning ALLL	136	77	112	96
Charge-Offs	(4)	(4)	(5)	(21)
Recoveries		2	1	12
Provision (Credit)	115	18	139	6
Ending ALLL	247	93	247	93
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	2,503	2,314	2,297	2,923
Charge-Offs	(285)	(68)	(298)	(111)
Recoveries	7	4	21	70
Provision (Credit)	558	159	763	(473)
Ending ALLL	2,783	2,409	2,783	2,409
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	133	97	86	156
Charge-Offs	(91)	(10)	(91)	(110)
Recoveries	6	1	8	1
Provision (Credit)	175	25	220	66
Ending ALLL	223	113	223	113
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	11,631	8,738	11,813	8,983
Charge-Offs
Recoveries
Provision (Credit)	8	(115)	(174)	(360)
Ending ALLL	11,639	8,623	11,639	8,623
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	1,683	2,347	1,679	1,547
Charge-Offs
Recoveries				11
Provision (Credit)	50	(61)	54	728
Ending ALLL	1,733	2,286	1,733	2,286
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	8,527	6,135	7,590	4,751
Charge-Offs			(258)
Recoveries	4	4	6	10
Provision (Credit)	1,090	1,640	2,283	3,018
Ending ALLL	9,621	7,779	9,621	7,779
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	2	23	2	31
Charge-Offs
Recoveries
Provision (Credit)	(1)	(21)	(1)	(29)
Ending ALLL	1	2	1	2
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	2,691	1,011	2,209	880
Charge-Offs		(7)	(3)	(7)
Recoveries	8	21	12	46
Provision (Credit)	252	564	733	670
Ending ALLL	2,951	1,589	2,951	1,589
Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL	2	3	2	4
Charge-Offs
Recoveries
Provision (Credit)		(1)		(2)
Ending ALLL	$ 2	$ 2	$ 2	$ 2

LOANS (Schedule of Loans Modifi

LOANS (Schedule of Loans Modified as Troubled Debt Restructurings) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)N	Jun. 30, 2015USD ($)N	Jun. 30, 2016USD ($)N	Jun. 30, 2015USD ($)N
Number of Contracts | N	6	3	8	3
Pre-Modification Outstanding Recorded Investment	$ 3,594	$ 992	$ 4,726	$ 992
Post-Modification Outstanding Recorded Investment	$ 3,594	$ 992	$ 4,726	$ 992
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Number of Contracts | N	4	2	6	2
Pre-Modification Outstanding Recorded Investment	$ 3,424	$ 225	$ 4,556	$ 225
Post-Modification Outstanding Recorded Investment	$ 3,424	$ 225	$ 4,556	$ 225
Owner Occupied Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts | N		1		1
Pre-Modification Outstanding Recorded Investment		$ 767		$ 767
Post-Modification Outstanding Recorded Investment		$ 767		$ 767
Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts | N	1		1
Pre-Modification Outstanding Recorded Investment	$ 79		$ 79
Post-Modification Outstanding Recorded Investment	$ 79		$ 79
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Number of Contracts | N	1		1
Pre-Modification Outstanding Recorded Investment	$ 91		$ 91
Post-Modification Outstanding Recorded Investment	$ 91		$ 91

LOANS (Schedule of Modified as

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

DEPOSITS (Details of Total Depo

DEPOSITS (Details of Total Deposits) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Deposits:
Time deposits over $250,000	$ 122,400		$ 47,400
Deposits:
Noninterest-bearing demand deposits	469,809	$ 419,887
Interest-bearing deposits checking	897,210	861,697
Savings	120,617	115,007
Money market	861,664	810,709
Certificates of deposit - Retail	466,079	434,450
Sub-total	2,815,379	2,641,750
Interest-bearing demand - Brokered	200,000	200,000
Certificates of deposit - Brokered	93,660	93,720
Total deposits	$ 3,109,039	$ 2,935,470
%
Noninterest-bearing demand deposits	15.11%	14.30%
Interest-bearing checking	28.86%	29.36%
Savings	3.88%	3.92%
Money market	27.72%	27.62%
Certificates of deposit	14.99%	14.80%
Sub-total	90.56%	90.00%
Interest-bearing demand - Brokered	6.43%	6.81%
Certificates of deposit - Brokered	3.01%	3.19%
Total deposits	100.00%	100.00%

DEPOSITS (Scheduled Maturities

DEPOSITS (Scheduled Maturities of Time Deposits) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Scheduled maturities of time deposits
2,016	$ 54,290
2,017	128,712
2,018	192,075
2,019	67,680
2,020	34,545
Over 5 Years	82,437
Total	$ 559,739

FEDERAL HOME LOAN BANK ADVANC52

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2016
Debt Disclosure [Abstract]
Advances from Federal Home Loan Banks	$ 83,692	$ 83,692
FHLB interest rate	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	$ 428,200	$ 378,900
Multifamily mortgage loans pledged as collateral for advances	1,100,000	1,000,000
Callable variable rate advances	$ 12,000	$ 12,000
Weighted average interest rate on variable advances (in percent)	3.01%	3.01%
Investment pledges against advances		$ 16,600
Overnight borrowings of debt	$ 40,700	$ 29,450
Average interest rate of FHLB advances	0.52%	0.57%

FEDERAL HOME LOAN BANK ADVANC53

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Schedule of Maturities) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Federal Home Loan Bank Advances Maturities Summary
2,016	$ 21,897
2,017	23,897
2,018	34,898
2,019	3,000
2,020
Over 5 years
Total	$ 83,692	$ 83,692

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)segments	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Number of Operating Segments | segments			2
Net interest income	$ 24,176	$ 20,344	$ 47,586	$ 39,927
Noninterest income	7,448	6,499	13,711	12,381
Total income	31,624	26,843	61,297	52,308
Provision for loan losses	2,200	2,200	3,900	3,550
Salaries and benefits	11,100	9,872	22,008	19,297
Premises and equipment	2,742	2,778	5,606	5,394
Other noninterest expense	4,933	3,616	10,367	7,343
Total noninterest expense	20,975	18,466	41,881	35,584
INCOME BEFORE INCOME TAX EXPENSE	10,649	8,377	19,416	16,724
Income tax expense	4,085	3,139	7,363	6,478
NET INCOME	6,564	5,238	12,053	10,246
Total assets at period end	3,604,703	3,118,170	3,604,703	3,118,170	$ 3,364,659
Banking [Member]
Net interest income	22,778	19,351	44,768	37,921
Noninterest income	2,432	1,896	4,312	3,673
Total income	25,210	21,247	49,080	41,594
Provision for loan losses	2,200	2,200	3,900	3,550
Salaries and benefits	9,033	7,830	17,845	15,370
Premises and equipment	2,507	2,549	5,144	4,934
Other noninterest expense	3,529	2,461	7,446	4,956
Total noninterest expense	17,269	15,040	34,335	28,810
INCOME BEFORE INCOME TAX EXPENSE	7,941	6,207	14,745	12,784
Income tax expense	3,032	2,294	5,546	4,945
NET INCOME	4,909	3,913	9,199	7,839
Total assets at period end	3,555,910	3,084,507	3,555,910	3,084,507
Wealth Management Division [Member]
Net interest income	1,398	993	2,818	2,006
Noninterest income	5,016	4,603	9,399	8,708
Total income	6,414	5,596	12,217	10,714
Provision for loan losses
Salaries and benefits	2,067	2,042	4,163	3,927
Premises and equipment	235	229	462	460
Other noninterest expense	1,404	1,155	2,921	2,387
Total noninterest expense	3,706	3,426	7,546	6,774
INCOME BEFORE INCOME TAX EXPENSE	2,708	2,170	4,671	3,940
Income tax expense	1,053	845	1,817	1,533
NET INCOME	1,655	1,325	2,854	2,407
Total assets at period end	$ 48,793	$ 33,663	$ 48,793	$ 33,663

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Loans held for sale, at fair value	$ 4,133	$ 1,558
Impaired collateral loans recorded investment	408	299
Impaired collateral loans valuation allowance	$ 163	$ 48
Loans Receivable [Member] | Property A [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate	15.00%
Age of appraisal	12 months

FAIR VALUE (Schedule of Assets

FAIR VALUE (Schedule of Assets Measured on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Securities available for sale	$ 206,216	$ 195,630
Loans held for sale, at fair value	4,133	1,558
Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,460	2,535
U.S. Government-Sponsored Entities [Member]
Securities available for sale	8,002
Mortgage-Backed Securities-Residential [Member]
Securities available for sale	157,292	160,607
State and Political Subdivisions [Member]
Securities available for sale	28,131	22,029
CRA Investment Fund [Member]
Securities available for sale	2,999	2,939
SBA Pool Securities [Member]
Securities available for sale	7,332	7,520
Recurring Basis [Member]
Loans held for sale, at fair value	4,133	1,558
Total	213,257	198,398
Derivatives	(9,210)	(2,540)
Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,460	2,535
Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	8,002
Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	157,292	160,607
Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale	28,131	22,029
Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale	2,999	2,939
Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale	7,332	7,520
Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives		104
Derivatives	(6,302)	(1,434)
Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	2,908	1,106
Derivatives	(2,908)	(1,106)
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member]
Loans held for sale, at fair value
Total
Derivatives
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives
Derivatives
Significant Unobservable Inputs (Level 3) [Member] | Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives
Derivatives
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member]
Loans held for sale, at fair value	4,133	1,558
Total	210,258	195,459
Derivatives	(9,210)	(2,540)
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,460	2,535
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	8,002
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	157,292	160,607
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale	28,131	22,029
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale	7,332	7,520
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives		104
Derivatives	(6,302)	(1,434)
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	2,908	1,106
Derivatives	(2,908)	(1,106)
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member]
Loans held for sale, at fair value
Total	2,999	2,939
Derivatives
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale	2,999	2,939
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives
Derivatives
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives
Derivatives

FAIR VALUE (Schedule of Residen

FAIR VALUE (Schedule of Residential Loans Held for Sale, at Fair Value) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Residential loans contractual balance	$ 4,067	$ 1,536
Fair value adjustment	66	22
Total fair value of residential loans held for sale	$ 4,133	$ 1,558

FAIR VALUE (Schedule of Asset58

FAIR VALUE (Schedule of Assets Measured on a Non-Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
OREO	$ 767	$ 563
Non-Recurring Basis [Member]
OREO		330
Non-Recurring Basis [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Impaired loans		251
Non-Recurring Basis [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired loans	245
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Non-Recurring Basis [Member]
OREO
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Non-Recurring Basis [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Impaired loans
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Non-Recurring Basis [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired loans
Significant Other Observable Inputs (Level 2) [Member] | Non-Recurring Basis [Member]
OREO
Significant Other Observable Inputs (Level 2) [Member] | Non-Recurring Basis [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Impaired loans
Significant Other Observable Inputs (Level 2) [Member] | Non-Recurring Basis [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired loans
Significant Unobservable Inputs (Level 3) [Member] | Non-Recurring Basis [Member]
OREO		330
Significant Unobservable Inputs (Level 3) [Member] | Non-Recurring Basis [Member] | Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Impaired loans		$ 251
Significant Unobservable Inputs (Level 3) [Member] | Non-Recurring Basis [Member] | Investment Property [Member] | Commercial Real Estate Portfolio Segment [Member]
Impaired loans	$ 245

FAIR VALUE (Schedule of Financi

FAIR VALUE (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial Assets:
Securities available for sale	$ 206,216	$ 195,630
FHLB and FRB Stock	14,623	13,984
Loans held for sale, at fair value	4,133	1,558
Multifamily mortgage loans held for sale, at lower of cost or fair value	60,291	82,200
Accrued interest receivable	7,733	6,820
Financial Liabilities:
Federal home loan bank advances	83,692	83,692
Fair value [Member]
Financial Assets:
Cash and cash equivalents	81,330	70,160
Securities available for sale	206,216	195,630
FHLB and FRB Stock
Loans held for sale, at fair value	4,133	1,558
Multifamily mortgage loans held for sale, at lower of cost or fair value	60,291	82,200
Loans, net of allowance for loan losses	3,127,282	2,865,601
Accrued interest receivable	7,733	6,820
Financial Liabilities:
Deposits	3,116,773	2,933,526
Overnight borrowings	29,450	40,700
Federal home loan bank advances	84,839	84,409
Subordinated debt	48,698
Accrued interest payable	1,177	957
Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	2,908	1,106
Financial Liabilities:
Derivatives	2,908	1,106
Fair value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives		104
Financial Liabilities:
Derivatives	6,302	1,434
Carrying Value [Member]
Financial Assets:
Cash and cash equivalents	81,330	70,160
Securities available for sale	206,216	195,630
FHLB and FRB Stock	14,623	13,984
Loans held for sale, at fair value	4,133	1,558
Multifamily mortgage loans held for sale, at lower of cost or fair value	60,291	82,200
Loans, net of allowance for loan losses	3,119,680	2,887,386
Accrued interest receivable	7,733	6,820
Financial Liabilities:
Deposits	3,109,039	2,935,470
Overnight borrowings	29,450	40,700
Federal home loan bank advances	83,692	83,692
Subordinated debt	48,698
Accrued interest payable	1,177	957
Carrying Value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	2,908	1,106
Financial Liabilities:
Derivatives	2,908	1,106
Carrying Value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives		104
Financial Liabilities:
Derivatives	6,302	1,434
Significant Unobservable Inputs (Level 3) [Member] | Fair value [Member]
Financial Assets:
Cash and cash equivalents
Securities available for sale
FHLB and FRB Stock
Loans held for sale, at fair value
Multifamily mortgage loans held for sale, at lower of cost or fair value
Loans, net of allowance for loan losses	3,127,282	2,865,601
Accrued interest receivable	7,109	6,258
Financial Liabilities:
Deposits
Overnight borrowings
Federal home loan bank advances
Subordinated debt	48,698
Accrued interest payable	133
Significant Unobservable Inputs (Level 3) [Member] | Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Significant Unobservable Inputs (Level 3) [Member] | Fair value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Significant Other Observable Inputs (Level 2) [Member] | Fair value [Member]
Financial Assets:
Cash and cash equivalents
Securities available for sale	203,217	192,691
FHLB and FRB Stock
Loans held for sale, at fair value	4,133	1,558
Multifamily mortgage loans held for sale, at lower of cost or fair value	60,291	82,200
Loans, net of allowance for loan losses
Accrued interest receivable	624	562
Financial Liabilities:
Deposits	567,473	526,226
Overnight borrowings	29,450	40,700
Federal home loan bank advances	84,839	84,409
Subordinated debt
Accrued interest payable	919	829
Significant Other Observable Inputs (Level 2) [Member] | Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	2,908	1,106
Financial Liabilities:
Derivatives	2,908	1,106
Significant Other Observable Inputs (Level 2) [Member] | Fair value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives		104
Financial Liabilities:
Derivatives	6,302	1,434
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Fair value [Member]
Financial Assets:
Cash and cash equivalents	81,330	70,160
Securities available for sale	2,999	2,939
FHLB and FRB Stock
Loans held for sale, at fair value
Multifamily mortgage loans held for sale, at lower of cost or fair value
Loans, net of allowance for loan losses
Accrued interest receivable
Financial Liabilities:
Deposits	2,549,300	2,407,300
Overnight borrowings
Federal home loan bank advances
Subordinated debt
Accrued interest payable	125	128
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives
Financial Liabilities:
Derivatives
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Fair value [Member] | 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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other operating expenses
FDIC assessment	$ 1,581	$ 431	$ 3,140	$ 913
Wealth management division other expense	481	512	1,103	1,133
Professional and legal fees	756	583	1,742	1,351
Loan expense	121	76	233	189
Other operating expenses	1,994	2,014	4,149	3,757
Total other operating expenses	$ 4,933	$ 3,616	$ 10,367	$ 7,343

ACCUMULATED OTHER COMPREHENSI61

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Accumulated Other Comprehensive Income Balances, Net of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			$ 275,676
Total other comprehensive (loss)/income	$ (489)	$ (436)	(2,124)	$ (418)
Balance	295,533		295,533
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	1,033	1,926	408	1,321
Other Comprehensive Income/(Loss) Before Reclassifications	203	(706)	890	57
Amount Reclassified From Accumulated Other Comprehensive (Income)	(12)	(104)	(74)	(262)
Total other comprehensive (loss)/income	191	(810)	816	(205)
Balance	1,224	1,116	1,224	1,116
Losses on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(3,047)	(687)	(787)	(100)
Other Comprehensive Income/(Loss) Before Reclassifications	(680)	374	(2,940)	(213)
Amount Reclassified From Accumulated Other Comprehensive (Income)
Total other comprehensive (loss)/income	(680)	374	(2,940)	(213)
Balance	(3,727)	(313)	(3,727)	(313)
Accumulated Other Comprehensive Income/(Loss), Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(2,014)	1,239	(379)	1,221
Other Comprehensive Income/(Loss) Before Reclassifications	(477)	(332)	(2,050)	(156)
Amount Reclassified From Accumulated Other Comprehensive (Income)	(12)	(104)	(74)	(262)
Total other comprehensive (loss)/income	(489)	(436)	(2,124)	(418)
Balance	$ (2,503)	$ 803	$ (2,503)	$ 803

ACCUMULATED OTHER COMPREHENSI62

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Securities gains, net	$ 18	$ 176	$ 119	$ 444
Income tax expense	(4,085)	(3,139)	(7,363)	(6,478)
Net income	6,564	5,238	12,053	10,246
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	(6)	(72)	(45)	(182)
Net income	12	104	74	262
Reclassification out of Accumulated Other Comprehensive Income [Member] | Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Securities gains, net	$ 18	$ 176	$ 119	$ 44

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)N	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)N	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)N
Derivative [Line Items]
Interest expense	$ 4,859	$ 3,508	$ 9,347	$ 6,286
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 180,000		$ 180,000		$ 180,000
Weighted average pay rate	1.64%		1.64%		1.64%
Weighted average receive rate	0.52%		0.52%		0.29%
Weighted average maturity			3 years 9 months		4 years 3 months
Unrealized loss			$ (6,302)		$ (1,331)
Number of contracts | N	9		9		9
Interest expense	$ 503	376	$ 1,000	471
Amount of Gain/(Loss) Recognized In OCI (Effective Portion)	(680)	374	(2,940)	(213)
Amount of Gain/(Loss) Reclassified From OCI to Interest Expense
Amount of Gain/(Loss) Recognized in Other Non-Interest Expense (Ineffective Portion)
Fair Value	(6,302)		(6,302)		$ (1,330)
Loan Level Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 34,606		$ 34,606		$ 27,259
Weighted average pay rate	3.25%		3.25%		3.06%
Weighted average receive rate	1.86%		1.86%		1.44%
Weighted average maturity			14 years		15 years 9 months 18 days
Number of contracts | N	3		3		3
Fair Value	$ 2,908		$ 2,908		$ 1,106
Other Liabilities [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	180,000		180,000		165,000
Fair Value	(6,302)		(6,302)		(1,434)
Other Assets [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount					15,000
Fair Value					$ 104

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)
Subordinated Debt [Member]
Debt Instrument [Line Items]
Principal amount	$ 50	$ 50
Non-callable term		5 years
Notes maturity date		Jun. 30, 2026
Fixed interest rate	6.00%	6.00%
LIBOR spread		4.85%
Debt issuance costs	$ 1.3	$ 1.3
Parent Company [Member]
Debt Instrument [Line Items]
Contributions to Bank	43.3
Net proceeds used to contribute to the Bank	$ 40