Peapack-Gladstone Financial (PGC) 10-Q 8 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 02, 2017
Document And Entity Information
Entity Registrant Name	PEAPACK GLADSTONE FINANCIAL CORP
Entity Central Index Key	1,050,743
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		18,259,577
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017
Trading Symbol	PGC

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks		$ 4,446	$ 24,580
Federal funds sold		101	101
Interest-earning deposits		88,793	138,010
Total cash and cash equivalents		93,340	162,691
Securities available for sale		315,112	305,388
FHLB and FRB stock, at cost		13,589	13,813
Loans held for sale, at fair value		2,240	1,200
Loans held for sale, at lower of cost or fair value			388
Loans		3,667,197	3,312,144
Less: Allowance for loan and lease losses		35,915	32,208
Net loans		3,631,282	3,279,936
Premises and equipment		29,832	30,371
Other real estate owned		137	534
Accrued interest receivable		6,803	8,153
Bank owned life insurance		44,380	43,806
Deferred tax assets, net		16,636	15,320
Goodwill and other intangible assets		15,064	3,157
Other assets		7,917	13,876
TOTAL ASSETS		4,176,332	3,878,633
Deposits:
Noninterest-bearing demand deposits		557,117	489,485
Interest-bearing deposits:
Interest-bearing deposits checking	[1]	1,144,714	1,023,081
Savings		121,830	120,056
Money market accounts		1,046,997	1,048,494
Certificates of deposit - Retail		528,251	457,000
Subtotal deposits		3,398,909	3,138,116
Interest-bearing demand - Brokered		180,000	180,000
Certificates of deposit - Brokered		83,788	93,721
Total deposits		3,662,697	3,411,837
Federal Home Loan Bank advances		49,898	61,795
Capital lease obligation		9,240	9,693
Subordinated debt, net		48,862	48,764
Accrued expenses and other liabilities		25,699	22,334
TOTAL LIABILITIES		3,796,396	3,554,423
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, 18,622,937 at September 30, 2017 and 17,666,173 at December 31, 2016; outstanding shares, 18,214,759 at September 30, 2017 and 17,257,995 at December 31, 2016		15,521	14,717
Surplus		268,951	238,708
Treasury stock at cost, 408,178 shares at both September 30, 2017 and December 31, 2016		(8,988)	(8,988)
Retained earnings		104,797	81,304
Accumulated other comprehensive loss, net of income tax		(345)	(1,531)
TOTAL SHAREHOLDERS' EQUITY		379,936	324,210
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY		$ 4,176,332	$ 3,878,633
[1]	Interest-bearing checking includes $373.7 million at September 30, 2017 and $393.0 million at December 31, 2016 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.

CONSOLIDATED STATEMENTS OF CON3

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
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	18,622,937	17,666,173
Common stock, shares outstanding	18,214,759	17,257,995
Treasury stock, shares	408,178	408,178

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INTEREST INCOME
Interest and fees on loans	$ 35,511	$ 28,225	$ 96,640	$ 82,713
Interest on securities available for sale:
Taxable	1,564	976	4,545	2,816
Tax-exempt	117	128	353	377
Interest on loans held for sale	23	384	34	577
Interest on interest-earning deposits	276	131	716	294
Total interest income	37,491	29,844	102,288	86,777
INTEREST EXPENSE
Interest on savings and interest-bearing deposit accounts	3,083	1,399	7,215	3,785
Interest on certificates of deposit	1,864	1,615	5,084	4,649
Interest on borrowed funds	439	380	1,096	1,432
Interest on capital lease obligation	112	119	341	361
Interest on subordinated debt	783	799	2,349	938
Subtotal - interest expense	6,281	4,312	16,085	11,165
Interest on interest-bearing demand - brokered	737	762	2,183	2,263
Interest on certificates of deposits - brokered	481	501	1,465	1,494
Total Interest expense	7,499	5,575	19,733	14,922
NET INTEREST INCOME BEFORE PROVISION FOR LOAN AND LEASE LOSSES	29,992	24,269	82,555	71,855
Provision for loan and lease losses	400	2,100	4,200	6,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	29,592	22,169	78,355	65,855
OTHER INCOME
Wealth management fee income	5,790	4,436	15,694	13,630
Service charges and fees	816	812	2,402	2,437
Bank owned life insurance	343	340	1,015	1,027
Gains on loans held for sale at fair value (mortgage banking)	141	383	279	813
Gains on loans held for sale at lower of cost or fair value	34	256	34	880
Fee income related to loan level, back-to-back swaps	888	670	2,635	764
Gain on sale of SBA loans	493	243	790	502
Other income	326	395	1,172	1,074
Securities gains, net				119
Total other income	8,831	7,535	24,021	21,246
OPERATING EXPENSES
Compensation and employee benefits	13,996	11,515	38,660	33,523
Premises and equipment	2,945	2,736	8,794	8,342
FDIC insurance expense	583	814	1,871	3,954
Other operating expense	4,437	3,101	12,035	10,328
Total operating expenses	21,961	18,166	61,360	56,147
INCOME BEFORE INCOME TAX EXPENSE	16,462	11,538	41,016	30,954
Income tax expense	6,256	4,422	14,888	11,785
NET INCOME	$ 10,206	$ 7,116	$ 26,128	$ 19,169
EARNINGS PER SHARE
Basic	$ 0.57	$ 0.43	$ 1.49	$ 1.19
Diluted	$ 0.56	$ 0.43	$ 1.47	$ 1.17
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic	17,800,153	16,467,654	17,478,293	16,167,153
Diluted	18,123,268	16,673,596	17,753,731	16,347,255

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 10,206	$ 7,116	$ 26,128	$ 19,169
Unrealized gains/(loss) on available for sale securities:
Unrealized holding gains/(loss) arising during the period	99	(350)	934	1,081
Less: Reclassification adjustment for net gains included in net income				119
Before tax	99	(350)	934	962
Tax effect	(37)	135	(353)	(361)
Net of tax	62	(215)	581	601
Unrealized gains/(loss) on cash flow hedges:
Unrealized holding gains/(loss)	222	1,591	1,023	(3,380)
Before tax	222	1,591	1,023	(3,380)
Tax effect	(91)	(650)	(418)	1,381
Net of tax	131	941	605	(1,999)
Total other comprehensive income/(loss)	193	726	1,186	(1,398)
Total comprehensive income	$ 10,399	$ 7,842	$ 27,314	$ 17,771

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - 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, 2015					$ (379)
Net income						$ 19,169
Comprehensive income					(1,398)	(1,398)
Balance at Sep. 30, 2016					(1,777)
Balance at Jun. 30, 2016					(2,503)
Net income						7,116
Comprehensive income					726	726
Balance at Sep. 30, 2016					(1,777)
Balance at Dec. 31, 2016	$ 14,717	$ 238,708	$ (8,988)	$ 81,304	(1,531)	$ 324,210
Shares outstanding at Dec. 31, 2016	17,257,995					17,257,995
Net income				26,128		$ 26,128
Comprehensive income					1,186	1,186
Restricted stock units issued 61610 shares	$ 51	(51)
Restricted stock units issued 61610 shares, shares	61,610
Restricted stock awards forfeitures, (400) shares	$ (1)	1
Restricted stock awards forfeitures (400) shares, shares	(400)
Restricted stock units/awards repurchased on vesting to pay taxes, (46,884) shares	$ (39)	(1,376)				(1,415)
Restricted stock units/awards repurchased on vesting to pay taxes, (46,884) shares, shares	(46,884)
Amortization of restricted awards/units		2,536				2,536
Cash dividends declared on common stock (0.15 per share)				(2,635)		(2,635)
Common stock option expense		6				6
Common stock options exercised, 33,862 net of 8,744 used to exercise, 25,118 shares	$ 28	307				335
Common stock options exercised, 33,862 net of 8,744 used to exercise, 25,118 shares, shares	25,118
Sales of shares (Dividend Reinvestment Program), 867,377 shares	$ 723	25,354				26,077
Sales of shares (Dividend Reinvestment Program), 867,377 shares, shares	867,377
Issuance of shares for Employee Stock Purchase Plan, 19,820 shares	$ 17	602				619
Issuance of shares for Employee Stock Purchase Plan, 19,820 shares, shares	19,820
Issuance of shares for employee, saving and investment plan 30,123 shares	$ 25	864				889
Issuance of shares for employee, saving and investment plan 30,123 shares, shares	30,123
Common stock to be issued in wealth acquisition		2,000				2,000
Balance at Sep. 30, 2017	$ 15,521	268,951	(8,988)	104,797	(345)	$ 379,936
Shares outstanding at Sep. 30, 2017	18,214,759					18,214,759
Balance at Jun. 30, 2017					(538)
Net income						$ 10,206
Comprehensive income					193	193
Balance at Sep. 30, 2017	$ 15,521	$ 268,951	$ (8,988)	$ 104,797	$ (345)	$ 379,936
Shares outstanding at Sep. 30, 2017	18,214,759					18,214,759

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical)	9 Months Ended
	Sep. 30, 2017$ / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock, per share	$ 0.15

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016
OPERATING ACTIVITIES:
Net income		$ 26,128	$ 19,169
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		2,473	2,280
Amortization of premium and accretion of discount on securities, net		1,276	1,090
Amortization of restricted stock		2,536	2,154
Amortization of intangible		93	93
Amortization of subordinated debt costs		98	38
Provision of loan and lease losses		4,200	6,000
Deferred tax (benefit)/expense		(2,087)	1,837
Stock-based compensation and employee stock purchase plan expense			128
Gains on securities, available for sale, net			(119)
Loans originated for sale	[1]	(27,925)	(53,412)
Proceeds from sales of loans held for sale	[1]	28,342	52,770
Gain on loans held for sale	[1]	(1,069)	(813)
Gain on loans held for sale at lower of cost or fair value		(34)	(880)
Gain on sale of other real estate owned			(5)
Gain on death benefit		(62)
Increase in cash surrender value of life insurance, net		(612)	(656)
Decrease in accrued interest receivable		1,350	437
Decrease/(increase) in other assets		8,816	(391)
Increase in accrued expenses, capital lease obligations and other liabilities		1,084	2,732
NET CASH PROVIDED BY OPERATING ACTIVITIES		44,607	32,452
INVESTING ACTIVITIES:
Principal repayments, maturities and calls of securities available for sale		51,739	43,997
Redemptions for FHLB & FRB stock		31,568	61,155
Call of securities available for sale			10,035
Sales of securities available for sale			5,499
Purchase of securities available for sale		(61,805)	(106,524)
Purchase of FHLB & FRB stock		(31,344)	(61,264)
Proceeds from sales of loans held for sale at lower of cost or fair value		78,800	182,763
Net increase in loans, net of participations sold		(434,449)	(451,101)
Sales of other real estate owned		534	568
Purchase of premises and equipment		(1,934)	(2,257)
Proceeds from death benefit		100
Purchase of wealth management company		(10,000)
NET CASH USED IN INVESTING ACTIVITIES		(376,791)	(317,129)
FINANCING ACTIVITIES:
Net increase in deposits		250,860	364,590
Net increase/(decrease) in overnight borrowings			(40,700)
Repayments of Federal Home Loan Bank advances		(11,897)	(11,897)
Dividends paid on common stock		(2,635)	(2,452)
Exercise of Stock Options, net of stock swaps		335	246
Restricted stock repurchased on vesting to pay taxes		(1,415)	(496)
Proceeds from issuance of subordinated debt			48,693
Sales of common shares (Dividend Reinvestment Program)		26,077	15,532
Issuance of shares for employee saving and investment plan		889
Issuance of shares for employee stock purchase plan		619	556
NET CASH PROVIDED BY IN FINANCING ACTIVITIES		262,833	374,072
Net (decrease)/increase in cash and cash equivalents		(69,351)	89,395
Cash and cash equivalents at beginning of period		162,691	70,160
Cash and cash equivalents at end of period		93,340	159,555
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest		18,501	13,492
Income tax, net		8,107	10,880
Transfer of loans to loans held for sale			159,804
Transfer of loans held for sale to loans			30,121
Transfer of loans to other real estate owned		137	534
Security purchases settled in subsequent period			7,003
Acquisition
Goodwill		$ 12,000
[1]	Includes mortgage loans originated with the intent to sell which are carried at fair value. In addition, this includes the guaranteed portion of SBA loans which are carried at the lower of cost or fair value.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
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, 2016 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 September 30, 2017, the results of operations and comprehensive income for the three and nine months ended September 30, 2017 and 2016, shareholders’ equity for the nine months ended September 30, 2017 and cash flow statements for the nine months ended September 30, 2017 and 2016.The results of operations for the three and nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for any future period. 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 services. 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 and Investments of Delaware and MCM. 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 and premiums on callable debt securities which will be amortized to the earliest call date. 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 System and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Both cash and stock 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 at fair value on the Statements of Income, are based on the difference between the selling price and the carrying value of the related loan sold. SBA loans originated with the intent to sell in the secondary market are carried at the lower of cost or fair value. SBA loans are generally sold with the servicing rights retained. Gains and losses on the sale of SBA loans are based on the difference between the selling price and the carrying value of the related loan sold. Total SBA loans serviced totaled $13.4 million and $5.8 million as of September 30, 2017 and December 31, 2016, respectively. There were no SBA loans held for sale at September 30, 2017. SBA Loans held for sale totaled $388 thousand as of December 31, 2016. 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, including impaired loans, is discontinued if, in the opinion of Management, principal or interest is not likely to be paid in accordance with the terms of the loan agreement, or when principal or interest is past due 90 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 are 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 and Lease 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 may be allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or if repayment is expected solely from the underlying collateral, the loan principal balance is compared to the fair value of collateral less estimated disposition costs to determine the need, if any, for a charge off. A troubled debt restructuring (“TDR”) is a modified loan with concessions made by the lender to a borrower who is experiencing financial difficulty. TDRs are impaired and are generally measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral, less estimated disposition costs. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan and lease 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 qualitative 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. At September 30, 2017 and at December 31, 2016 the multiple was 4.0 times for non-impaired substandard loans and 2.0 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 or purpose. 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 Leasing and Equipment Finance 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 terminated, 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 September 30, 2017 and 2016, the Company recorded total compensation cost for stock options of less than $1 thousand and $11 thousand, respectively. There was no recognized tax benefit for the quarter ended September 30, 2017. There was a recognized tax benefit of $1 thousand for the quarter ended September 30, 2016. The Company recorded total compensation cost for stock options for the nine months ended September 30, 2017 and 2016 of $6 thousand and $45 thousand, respectively. There was no recognized tax benefit for the nine months ended September 30, 2017. There was a recognized tax benefit of $4 thousand for the nine months ended September 30, 2016. There was less than $1 thousand of compensation cost related to non-vested share-based compensation arrangements granted under the Company’s stock incentive plans at September 30, 2017. That cost is expected to be recognized over a weighted average period of 0.10 years. Upon adoption of Accounting Standards Update (“ASU”) 2016-09, “Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting” the Company has elected to account for forfeitures as they occur, rather than estimate expected forfeitures. For the Company’s stock option plans, changes in options outstanding during the nine months ended September 30, 2017 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2017 179,159 $ 16.27 Granted during 2017 — — Exercised during 2017 (33,862 ) 17.93 Expired during 2017 (7,722 ) 26.90 Forfeited during 2017 (581 ) 14.73 Balance, September 30, 2017 136,994 15.27 3.30 years $ 2,530 Vested and expected to vest 136,990 15.27 3.30 years $ 2,530 Exercisable at September 30, 2017 136,934 15.27 3.30 years $ 2,529 The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the third quarter of 2017 and the exercise price, multiplied by the number of in-the-money options). The Company’s closing stock price on September 30, 2017 was $33.74. There were no stock options granted in the nine months ended September 30, 2017. The Company has previously granted performance based and service based restricted stock awards/units. Service based awards/units vest ratably over a one, three or five-year period. There were 3,900 restricted stock units granted in the third quarter of 2017. 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. Total unrecognized compensation expense for performance based awards was $1.7 million as of September 30, 2017. Changes in nonvested shares dependent on performance criteria for the nine months ended September 30, 2017 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2017 92,767 $ 18.12 Granted during 2017 — — Vested during 2017 — — Forfeited during 2017 — — Balance, September 30, 2017 92,767 $ 18.12 Changes in service based restricted stock awards/units for the nine months ended September 30, 2017 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2017 368,130 $ 19.26 Granted during 2017 136,708 30.13 Vested during 2017 (148,619 ) 18.52 Forfeited during 2017 (5,938 ) 25.30 Balance, September 30, 2017 350,281 $ 23.71 As of September 30, 2017, there was $1.2 million of total unrecognized compensation cost related to service based awards. That cost is expected to be recognized over a weighted average period of 0.59 years. As of September 30, 2017, there was $4.5 million of total unrecognized compensation cost related to service based units. That cost is expected to be recognized over a weighted average period of 1.27 years. Stock compensation expense recorded for the third quarters of 2017 and 2016 totaled $864 thousand and $725 thousand, respectively. For the nine months ended September 30, 2017 and 2016, the Company recorded total compensation cost of $2.5 million and $2.2 million, respectively. Employee Stock Purchase Plan: The Company recorded $33 thousand and $19 thousand of expense in salaries and employee benefits expense for the three months ended September 30, 2017 and 2016, respectively, related to the ESPP. Total shares issued under the ESPP during the third quarter of 2017 and 2016 were 6,987 and 7,155, respectively. The Company recorded $105 thousand and $83 thousand of expense in salaries and employee benefits expense for the nine months ended September 30, 2017 and 2016, respectively, related to the ESPP. Total shares issued under the ESPP for the nine months ended September 30, 2017 and 2016 were 19,820 and 26,913, respectively. Earnings per share – Basic and Diluted: Three Months Ended Nine Months Ended September 30, September 30, (Dollars in thousands, except per share data) 2017 2016 2017 2016 Net income to shareholders $ 10,206 $ 7,116 $ 26,128 $ 19,169 Basic weighted-average shares outstanding 17,800,153 16,467,654 17,478,293 16,167,153 Plus: common stock equivalents 323,115 205,942 275,438 180,102 Diluted weighted-average shares outstanding 18,123,268 16,673,596 17,753,731 16,347,255 Net income per share Basic $ 0.57 $ 0.43 $ 1.49 $ 1.19 Diluted 0.56 0.43 1.47 1.17 For the three and nine months ended September 30, 2017 all stock options and warrants were included in the computation of diluted earnings per share because they were all dilutive. Stock options and warrants totaling 218,079 shares were not included in the computation of diluted earnings per share in the third quarter of 2016 because they were considered antidilutive. Stock options and warrants totaling 223,832 shares were not included in the computation of diluted earnings per share in the nine months ended September 30, 2016 because they were considered antidilutive. Antidilutive shares are common stock equivalents with weighted average exercise prices in excess of the weighted average market value for the period presented. 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 2013 or by New Jersey tax authorities for years prior to 2012. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company’s effective rate was positively affected by the adoption of ASU 2016-09 which simplified certain aspects of accounting for share-based compensation. Loss Contingencies: Restrictions on Cash: Comprehensive Income: Transfers of Financial Assets: Goodwill and Other Intangible Assets: Other intangible assets which 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	9 Months Ended
	Sep. 30, 2017
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 investment securities available for sale included in the consolidated statements of condition as of September 30, 2017 and December 31, 2016 follows: September 30, 2017 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 36,988 $ — $ (513 ) $ 36,475 Mortgage-backed securities – residential 237,547 960 (1,126 ) 237,381 SBA pool securities 6,002 — (66 ) 5,936 State and political subdivisions 24,400 156 (46 ) 24,510 Corporate bond 3,000 94 — 3,094 Single-issuer trust preferred security 2,999 — (142 ) 2,857 CRA investment fund 5,000 — (141 ) 4,859 Total $ 315,936 $ 1,210 $ (2,034 ) $ 315,112 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 21,991 $ — $ (474 ) $ 21,517 Mortgage-backed securities – residential 238,271 860 (1,514 ) 237,617 SBA pool securities 6,778 — (65 ) 6,713 State and political subdivisions 29,107 160 (274 ) 28,993 Corporate bond 3,000 113 — 3,113 Single-issuer trust preferred security 2,999 — (389 ) 2,610 CRA investment fund 5,000 — (175 ) 4,825 Total $ 307,146 $ 1,133 $ (2,891 ) $ 305,388 The following tables present the Corporation’s available for sale securities with continuous unrealized losses and the approximate fair value of these investments as of September 30, 2017 and December 31, 2016. September 30, 2017 Duration of Unrealized Loss Less Than 12 Months 12 Months or Longer Total Approximate Approximate Approximate Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ 31,662 $ (330 ) $ 4,813 $ (183 ) $ 36,475 $ (513 ) Mortgage-backed securities-residential 97,456 (611 ) 30,603 (515 ) 128,059 (1,126 ) SBA pool securities — — 5,936 (66 ) 5,936 (66 ) State and political subdivisions 7,631 (40 ) 993 (6 ) 8,624 (46 ) Single-issuer trust preferred security — — 2,858 (142 ) 2,858 (142 ) CRA investment fund — — 4,859 (141 ) 4,859 (141 ) Total $ 136,749 $ (981 ) $ 50,062 $ (1,053 ) $ 186,811 $ (2,034 ) December 31, 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 U.S. government- sponsored agencies $ 21,517 $ (474 ) $ — $ — $ 21,517 $ (474 ) Mortgage-backed securities-residential 151,114 (1,472 ) 5,147 (42 ) 156,261 (1,514 ) SBA pool securities — — 6,713 (65 ) 6,713 (65 ) State and political subdivisions 9,412 (274 ) — — 9,412 (274 ) Single-issuer trust preferred security — — 2,610 (389 ) 2,610 (389 ) CRA investment fund 1,930 (70 ) 2,894 (105 ) 4,824 (175 ) Total $ 183,973 $ (2,290 ) $ 17,364 $ (601 ) $ 201,337 $ (2,891 ) Management believes that the unrealized losses on investment securities available for sale are temporary and are due to interest rate fluctuations and/or volatile market conditions rather than the creditworthiness of the issuers. As of September 30, 2017, 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 an unrealized loss position were determined to be other-than-temporarily impaired. At September 30, 2017, the unrealized loss on the single-issuer trust preferred security of $142 thousand was related to a debt security issued by a large bank holding company. 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 September 30, 2017.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
LOANS	3. LOANS Loans outstanding, excluding those held for sale, by general ledger classification, as of September 30, 2017 and December 31, 2016, consisted of the following: % of % of September 30, Totals December 31, Total (In thousands) 2017 Loans 2016 Loans Residential mortgage $ 602,775 16.44 % $ 527,370 15.92 % Multifamily mortgage 1,441,852 39.32 1,459,594 44.07 Commercial mortgage 625,466 17.05 551,233 16.65 Commercial loans 845,831 23.06 636,714 19.23 Construction loans — — 1,405 0.04 Home equity lines of credit 68,787 1.88 65,682 1.98 Consumer loans, including fixed rate home equity loans 81,671 2.23 69,654 2.10 Other loans 815 0.02 492 0.01 Total loans $ 3,667,197 100.00 % $ 3,312,144 100.00 % In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal call report codes. The following portfolio classes have been identified as of September 30, 2017 and December 31, 2016: % of % of September 30, Totals December 31, Total (In thousands) 2017 Loans 2016 Loans Primary residential mortgage $ 631,632 17.23 % $ 557,970 16.86 % Home equity lines of credit 68,787 1.88 65,683 1.98 Junior lien loan on residence 7,082 0.19 9,206 0.28 Multifamily property 1,441,852 39.34 1,459,594 44.09 Owner-occupied commercial real estate 253,605 6.92 176,123 5.32 Investment commercial real estate 876,282 23.91 752,258 22.73 Commercial and industrial 257,124 7.01 213,983 6.47 Lease Financing 36,184 0.99 — — Farmland/agricultural production 162 0.01 169 0.01 Commercial construction loans 93 0.01 1,497 0.04 Consumer and other loans 92,055 2.51 73,621 2.22 Total loans $ 3,664,858 100.00 % $ 3,310,104 100.00 % Net deferred costs 2,339 2,040 Total loans including net deferred costs $ 3,667,197 $ 3,312,144 The following tables present the loan balances by portfolio class, based on impairment method, and the corresponding balances in the allowance for loan and lease losses (ALLL) as of September 30, 2017 and December 31, 2016: September 30, 2017 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 $ 12,161 $ 572 $ 619,471 $ 3,772 $ 631,632 $ 4,344 Home equity lines of credit 27 — 68,760 229 68,787 229 Junior lien loan on residence 98 — 6,984 13 7,082 13 Multifamily property — — 1,441,852 11,246 1,441,852 11,246 Owner-occupied commercial real estate 1,576 — 252,029 2,270 253,605 2,270 Investment commercial real estate 11,130 205 865,152 11,752 876,282 11,957 Commercial and industrial 54 54 257,070 5,181 257,124 5,235 Lease financing — — 36,184 275 36,184 275 Secured by farmland and agricultural production — — 162 2 162 2 Commercial construction — — 93 1 93 1 Consumer and other — — 92,055 343 92,055 343 Total ALLL $ 25,046 $ 831 $ 3,639,812 $ 35,084 $ 3,664,858 $ 35,915 December 31, 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 ALLL Primary residential mortgage $ 15,814 $ 456 $ 542,156 $ 3,210 $ 557,970 $ 3,666 Home equity lines of credit 53 — 65,630 233 65,683 233 Junior lien loan on residence 229 — 8,977 16 9,206 16 Multifamily Property — — 1,459,594 11,192 1,459,594 11,192 Owner-occupied Commercial real estate 1,486 — 174,637 1,774 176,123 1,774 Investment commercial real estate 11,335 214 740,923 10,695 752,258 10,909 Commercial and Industrial 154 154 213,829 4,010 213,983 4,164 Secured by farmland and agricultural production production — — 169 2 169 2 Commercial construction — — 1,497 9 1,497 9 Consumer and Other — — 73,621 243 73,621 243 Total ALLL $ 29,071 $ 824 $ 3,281,033 $ 31,384 $ 3,310,104 $ 32,208 Impaired loans include nonaccrual loans of $15.4 million at September 30, 2017 and $11.3 million at December 31, 2016. Impaired loans also include performing TDR loans of $9.7 million at September 30, 2017 and $17.8 million at December 31, 2016. At September 30, 2017, the allowance allocated to TDR loans totaled $439 thousand, of which $184 thousand was allocated to nonaccrual loans. At December 31, 2016, the allowance allocated to TDR loans totaled $550 thousand of which $314 thousand was allocated to nonaccrual loans. All accruing TDR loans were paying in accordance with restructured terms as of September 30, 2017. The Company has not committed to lend additional amounts as of September 30, 2017 to customers with outstanding loans that are classified as TDR loans. The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2017 and December 31, 2016 (The average impaired loans on the following tables represent year to date impaired loans.): September 30, 2017 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 9,998 $ 8,820 $ — $ 11,329 Owner-occupied commercial real estate 1,756 1,576 — 1,467 Investment commercial real estate 9,601 9,537 — 10,035 Home equity lines of credit 29 27 — 42 Junior lien loan on residence 156 98 — 96 Total loans with no related allowance $ 21,541 $ 20,058 $ — $ 22,969 With related allowance recorded: Primary residential mortgage $ 4,159 $ 3,341 $ 572 $ 1,296 Investment commercial real estate 1,609 1,593 205 1,202 Commercial and industrial 110 54 54 79 Total loans with related allowance $ 5,878 $ 4,988 $ 831 $ 2,577 Total loans individually evaluated for Impairment $ 27,419 $ 25,046 $ 831 $ 25,546 December 31, 2016 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 16,015 $ 14,090 $ — $ 10,038 Owner-occupied commercial real estate 1,597 1,486 — 1,450 Investment commercial real estate 9,711 9,711 — 9,974 Home equity lines of credit 56 53 — 143 Junior lien loan on residence 280 229 — 339 Total loans with no related allowance $ 27,659 $ 25,569 $ — $ 21,944 With related allowance recorded: Primary residential mortgage $ 1,787 $ 1,724 $ 456 $ 1,678 Investment commercial real estate 1,640 1,624 214 1,642 Commercial and industrial 204 154 154 145 Total loans with related allowance $ 3,631 $ 3,502 $ 824 $ 3,465 Total loans individually evaluated for impairment $ 31,290 $ 29,071 $ 824 $ 25,409 Interest income recognized on impaired loans for the quarters ended September 30, 2017 and 2016 was not material. The Company did not recognize any income on nonaccruing impaired loans for the three and nine months ended September 30, 2017 and 2016. 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 September 30, 2017 and December 31, 2016: September 30, 2017 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 8,318 $ — Home equity lines of credit 6 — Junior lien loan on residence 98 — Owner-occupied commercial real estate 1,576 — Investment commercial real estate 5,315 — Commercial and industrial 54 — Total $ 15,367 $ — December 31, 2016 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 9,071 $ — Home equity lines of credit 30 — Junior lien loan on residence 115 — Owner-occupied commercial real estate 1,486 — Investment commercial real estate 408 — Commercial and industrial 154 — Total $ 11,264 $ — The following tables present the aging of the recorded investment in past due loans as of September 30, 2017 and December 31, 2016 by class of loans, excluding nonaccrual loans: September 30, 2017 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 589 $ — $ — $ 589 Total $ 589 $ — $ — $ 589 December 31, 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 $ 620 $ 480 $ — $ 1,100 Junior lien loan on residence — 25 — 25 Owner-occupied commercial real estate 209 — — 209 Commercial and industrial 22 — — 22 Total $ 851 $ 505 $ — $ 1,356 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, debt service capacity, 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 then annually based on set criteria in the loan policy. In addition, the Bank has engaged an independent loan review firm to validate risk ratings and to ensure compliance with our policies and procedures. This review of the following types of loans is performed quarterly: · All new relationships or new lending to existing relationships greater than $1,000,000; · All criticized and classified rated borrowers with relationship exposure of more than $500,000; · A large sample of borrowers with total relationship commitments in excess of $1,000,000; · A random sample of borrowers with relationships less than $1,000,000; · Any other credits requested by Bank senior management or a member of the Board of Directors and any borrower for which the reviewer determines a review is warranted based upon knowledge of the portfolio, local events, industry stresses etc. The Company uses the following regulatory definitions for criticized and classified risk ratings: Special Mention: Substandard: Doubtful: Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans. 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 September 30, 2017, 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 $ 618,544 $ 795 $ 12,293 $ — Home equity lines of credit 68,760 — 27 — Junior lien loan on residence 6,984 — 98 — Multifamily property 1,424,637 15,381 1,834 — Owner-occupied commercial real estate 248,504 — 5,101 — Investment commercial real estate 847,966 6,233 22,083 — Commercial and industrial 249,323 6,991 810 — Lease financing 36,184 — — — Farmland 162 — — — Commercial construction — 93 — — Consumer and other loans 90,131 — 1,924 — Total $ 3,591,195 $ 29,493 $ 44,170 $ — As of December 31, 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 $ 541,359 $ 660 $ 15,951 $ — Home equity lines of credit 65,630 — 53 — Junior lien loan on residence 8,977 — 229 — Multifamily property 1,456,328 2,867 399 — Owner-occupied commercial real estate 170,851 — 5,272 — Investment commercial real estate 724,203 5,116 22,939 — Commercial and industrial 208,617 4,411 955 — Secured by farmland and agricultural 169 — — — Commercial construction 1,400 97 — — Consumer and other loans 73,621 — — — Total $ 3,251,155 $ 13,151 $ 45,798 $ — At September 30, 2017, $23.9 million of substandard loans were also considered impaired compared to December 31, 2016, when $27.9 million of substandard loans were also impaired. The activity in the allowance for loan and lease losses for the three months ended September 30, 2017 is summarized below: July 1, September 30, 2017 2017 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,223 $ (261 ) $ 59 $ 323 $ 4,344 Home equity lines of credit 211 — 2 16 229 Junior lien loan on residence 14 — 6 (7 ) 13 Multifamily property 11,606 — — (360 ) 11,246 Owner-occupied commercial real estate 2,147 (30 ) — 153 2,270 Investment commercial real estate 11,727 — 1 229 11,957 Commercial and industrial 5,333 — 9 (107 ) 5,235 Lease financing 178 — — 97 275 Secured by farmland and agricultural 2 — — — 2 Commercial construction 1 — — — 1 Consumer and other loans 309 (24 ) 2 56 343 Total ALLL $ 35,751 $ (315 ) $ 79 $ 400 $ 35,915 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2017 is summarized below: January 1, September 30, 2017 2017 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,666 $ (591 ) $ 128 $ 1,141 $ 4,344 Home equity lines of credit 233 (23 ) 61 (42 ) 229 Junior lien loan on residence 16 (57 ) 19 35 13 Multifamily property 11,192 — — 54 11,246 Owner-occupied commercial real estate 1,774 (30 ) — 526 2,270 Investment commercial real estate 10,909 — 23 1,025 11,957 Commercial and industrial 4,164 (25 ) 61 1,035 5,235 Lease financing — — — 275 275 Secured by farmland and agricultural 2 — — — 2 Commercial construction 9 — — (8 ) 1 Consumer and other loans 243 (62 ) 3 159 343 Total ALLL $ 32,208 $ (788 ) $ 295 $ 4,200 $ 35,915 The activity in the allowance for loan and lease losses for the three months ended September 30, 2016 is summarized below: July 1, September 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,783 $ (729 ) $ 4 $ 972 $ 3,030 Home equity lines of credit 223 — 3 (2 ) 224 Junior lien loan on residence 19 — 2 (3 ) 18 Multifamily property 11,639 — — 204 11,843 Owner-occupied commercial real estate 1,733 — — 90 1,823 Investment commercial real estate 9,621 — 2 231 9,854 Commercial and industrial 2,951 (4 ) 8 613 3,568 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 1 — — 3 4 Consumer and other loans 247 — 11 (8 ) 250 Total ALLL $ 29,219 $ (733 ) $ 30 $ 2,100 $ 30,616 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2016 is summarized below: January 1, September 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,297 $ (1,027 ) $ 25 $ 1,735 $ 3,030 Home equity lines of credit 86 (91 ) 11 218 224 Junior lien loan on residence 66 — 72 (120 ) 18 Multifamily property 11,813 — — 30 11,843 Owner-occupied commercial real estate 1,679 — — 144 1,823 Investment commercial real estate 7,590 (258 ) 8 2,514 9,854 Commercial and industrial 2,209 (7 ) 20 1,346 3,568 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — 2 4 Consumer and other loans 112 (5 ) 12 131 250 Total ALLL $ 25,856 $ (1,388 ) $ 148 $ 6,000 $ 30,616 Troubled Debt Restructurings: The Company has allocated $439 thousand and $550 thousand of specific reserves on TDRs to customers whose loan terms have been modified in TDRs as of September 30, 2017 and December 31, 2016, respectively. There were no unfunded commitments to lend additional amounts to customers with outstanding loans that are classified as TDRs. The terms of certain loans were modified as TDRs when one or a combination of the following occurred: 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. No loans were modified as TDRs during the three-month period ended September 30, 2017. The following table presents loans by class modified as TDRs during the nine-month period ended September 30, 2017: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 5 $ 1,148 $ 1,148 Total 5 $ 1,148 $ 1,148 The identification of the TDRs did not have a significant impact on the allowance for loan and lease losses. The following table presents loans by class modified as TDRs during the three-month period ended September 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 368 $ 368 Total 1 $ 368 $ 368 The following table presents loans by class modified as TDRs during the nine-month period ended September 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 7 $ 4,924 $ 4,924 Junior lien on residence 1 66 66 Investment commercial real estate 1 79 79 Total 9 $ 5,069 $ 5,069 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 nine months ended September 30, 2017 and 2016. 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. The modification of the terms of such loans may include one or more of the following: (1) a reduction of the stated interest rate of the loan to a rate that is lower than the current market rate for new debt with similar risk; (2) an extension of an interest only period for a predetermined period of time; (3) an extension of the maturity date; or (4) an extension of the amortization period over which future payments will be computed. 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, and an updated independent appraisal of the property. A loan will continue to accrue interest if it can be reasonably determined that the borrower should be able to perform under the modified terms, that the loan has not been chronically delinquent (both to debt service and real estate taxes) or in nonaccrual status since its inception, and that there have been no charge-offs on the loan. Restructured loans with previous charge-offs would not accrue interest at the time of the TDR. At a minimum, six months of contractual payments would need to be made on a restructured loan before returning it to accrual status. Once a loan is classified as a TDR, the loan is reported as a TDR until the loan is paid in full, sold or charged-off. In rare circumstances, a loan may be removed from TDR status if it meets the requirements of ASC 310-40-50-2.

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2017
Deposits:
DEPOSITS	4. DEPOSITS Certificates of deposit, excluding brokered certificates of deposit over $250,000, totaled $158.9 million and $118.7 million at September 30, 2017 and December 31, 2016, respectively. The following table sets forth the details of total deposits as of September 30, 2017 and December 31, 2016: September 30, December 31, 2017 2016 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 557,117 15.21 % $ 489,485 14.35 % Interest-bearing checking (1) 1,144,714 31.25 1,023,081 29.99 Savings 121,830 3.33 120,056 3.52 Money market 1,046,997 28.59 1,048,494 30.73 Certificates of deposit 528,251 14.42 457,000 13.39 Subtotal deposits 3,398,909 92.80 3,138,116 91.98 Interest-bearing demand - Brokered 180,000 4.91 180,000 5.27 Certificates of deposit - Brokered 83,788 2.29 93,721 2.75 Total deposits $ 3,662,697 100.00 % $ 3,411,837 100.00 % (1) Interest-bearing checking includes $373.7 million at September 30, 2017 and $393.0 million at December 31, 2016 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program. The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of September 30,2017 are as follows: (In thousands) 2017 $ 56,898 2018 316,436 2019 102,167 2020 39,510 2021 13,858 Over 5 Years 83,710 Total $ 612,039

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	5. FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS Advances from the FHLB totaled $49.9 million with a weighted average interest rate of 2.14 percent and $61.8 million with a weighted average interest rate of 2.02 percent at September 30, 2017 and December 31, 2016, respectively. At September 30, 2017, advances totaling $37.9 million with a weighted average interest rate of 1.87 percent had fixed maturity dates. The fixed maturity date advances at December 31, 2016 totaled $49.8 million with a weighted average interest rate of 1.78 percent. The fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $509.0 million and multifamily mortgages totaling $939.8 million at September 30, 2017, while at December 31, 2016 the fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $468.3 million and multifamily mortgages totaling $1.2 billion. At both September 30, 2017 and at December 31, 2016, 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 $12.9 million at September 30, 2017. The final maturity dates of the FHLB advances are scheduled as follows: (In thousands) 2017 $ 12,000 2018 34,898 2019 3,000 2020 — 2021 — Over 5 years — Total $ 49,898 There were no overnight borrowings as of September 30, 2017 or December 31, 2016. At September 30, 2017, unused short-term overnight borrowing commitments totaled $1.2 billion from FHLB, $22.0 million from correspondent banks and $728.2 million at the FRB.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 30, 2017
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 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 and sales. 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; and other financial planning and advisory services. The following tables present the statements of income and total assets for the Corporation’s reportable segments for the three and nine months ended September 30, 2017 and 2016. Three Months Ended September 30, 2017 Wealth Management (In thousands) Banking Division Total Net interest income $ 28,687 $ 1,305 $ 29,992 Noninterest income 2,928 5,903 8,831 Total income 31,615 7,208 38,823 Provision for loan and lease losses 400 — 400 Compensation and benefits 10,992 3,004 13,996 Premises and equipment expense 2,619 326 2,945 Other noninterest expense 3,167 1,853 5,020 Total noninterest expense 17,178 5,183 22,361 Income before income tax expense 14,437 2,025 16,462 Income tax expense 5,474 782 6,256 Net income $ 8,963 $ 1,243 $ 10,206 Three Months Ended September 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 23,194 $ 1,075 $ 24,269 Noninterest income 2,974 4,561 7,535 Total income 26,168 5,636 31,804 Provision for loan and lease losses 2,100 — 2,100 Compensation and benefits 9,138 2,377 11,515 Premises and equipment expense 2,484 252 2,736 Other noninterest expense 2,688 1,227 3,915 Total noninterest expense 16,410 3,856 20,266 Income before income tax expense 9,758 1,780 11,538 Income tax expense 3,738 684 4,422 Net income $ 6,020 $ 1,096 $ 7,116 Nine Months Ended September 30, 2017 Wealth Management (In thousands) Banking Division Total Net interest income $ 78,372 $ 4,183 $ 82,555 Noninterest income 7,975 16,046 24,021 Total income 86,347 20,229 106,576 Provision for loan and lease losses 4,200 — 4,200 Compensation and benefits 30,792 7,868 38,660 Premises and equipment expense 7,891 903 8,794 Other noninterest expense 8,559 5,347 13,906 Total noninterest expense 51,442 14,118 65,560 Income before income tax expense 34,905 6,111 41,016 Income tax expense 12,670 2,218 14,888 Net income $ 22,235 $ 3,893 $ 26,128 Total assets for period end $ 4,148,222 $ 28,110 $ 4,176,332 Nine Months Ended September 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 67,962 $ 3,893 $ 71,855 Noninterest income 7,286 13,960 21,246 Total income 75,248 17,853 93,101 Provision for loan and lease losses 6,000 — 6,000 Compensation and benefits 26,744 6,779 33,523 Premises and equipment expense 7,583 759 8,342 Other noninterest expense 10,047 4,235 14,282 Total noninterest expense 50,374 11,773 62,147 Income before income tax expense 24,874 6,080 30,954 Income tax expense 9,470 2,315 11,785 Net income $ 15,404 $ 3,765 $ 19,169 Total assets for period end $ 3,729,004 $ 45,379 $ 3,774,383

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2017
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 third party conducts a review of the appraisal for compliance with the Uniform Standards of Professional Appraisal Practice and appropriate analysis methods for the type of property. Subsequently, 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. All collateral-dependent impaired loans and other real estate owned valuations were supported by an appraisal less than 12 months old or in the process of obtaining an appraisal as of September 30, 2017. The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Corporation has elected the fair value option: Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable September 30, Assets Inputs Inputs (In thousands) 2017 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored agencies $ 36,475 $ — $ 36,475 $ — Mortgage-backed securities- residential 237,381 — 237,381 — SBA pool securities 5,936 — 5,936 — State and political subdivisions 24,510 — 24,510 — Corporate bond 3,094 — 3,094 — Single-issuer trust preferred security 2,857 — 2,857 — CRA investment fund 4,859 4,859 — — Loans held for sale, at fair value 2,240 — 2,240 — Derivatives: Cash flow hedges 383 — 383 — Loan level swaps 4,136 — 4,136 — Total $ 321,871 $ 4,859 $ 317,012 $ — Liabilities: Derivatives: Cash flow hedges $ (104 ) $ — $ (104 ) $ — Loan level swaps (4,136 ) — (4,136 ) — Total $ (4,240 ) $ — $ (4,240 ) $ — 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) 2016 (Level 1) (Level 2) (Level 3) Assets: Securities available for sale: U.S. government-sponsored agencies $ 21,517 $ — $ 21,517 $ — Mortgage-backed securities-residential 237,617 — 237,617 — SBA pool securities 6,713 — 6,713 — State and political subdivisions 28,993 — 28,993 — Corporate bond 3,113 — 3,113 — Single-issuer trust preferred security 2,610 — 2,610 — CRA investment fund 4,825 4,825 — — Loans held for sale, at fair value 1,200 — 1,200 — Derivatives: Cash flow hedges 123 — 123 — Loan level swaps 1,543 — 1,543 — Total $ 308,254 $ 4,825 $ 303,429 $ — Liabilities: Derivatives: Cash flow hedges $ (867 ) — (867 ) — Loan level swaps (1,543 ) — (1,543 ) — Total $ (2,410 ) $ — $ (2,410 ) $ — The Company has elected the fair value option for certain loans held for sale. These loans are intended for sale and the Company 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 Company’s policy on loans held for investment. None of these loans are 90 days or more past due nor on nonaccrual as of September 30, 2017 and December 31, 2016. The following tables present residential loans held for sale, at fair value for the periods indicated: (In thousands) September 30, 2017 December 31, 2016 Residential loans contractual balance $ 2,214 $ 1,181 Fair value adjustment 26 19 Total fair value of residential loans held for sale $ 2,240 $ 1,200 There were no transfers between Level 1 and Level 2 during the three or nine months ended September 30, 2017. 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 observable Identical Observable Unobservable September 30, Assets Inputs Inputs (In thousands) 2017 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Primary residential mortgage $ 1,828 $ — $ — $ 1,828 Investment commercial real estate 239 — — 239 December 31, (In thousands) 2016 Assets: Impaired loans: Investment commercial real estate $ 245 $ — $ — $ 245 Impaired loans that are measured for impairment using the fair value of the collateral for collateral dependent loans had a recorded investment of $2.6 million, with a valuation allowance of $523 thousand at September 30, 2017 and $408 thousand, with a valuation allowance of $163 thousand, at December 31, 2016. The carrying amounts and estimated fair values of financial instruments at September 30, 2017 are as follows: Fair Value Measurements at September 30, 2017 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 93,340 $ 93,340 $ — $ — $ 93,340 Securities available for sale 315,112 4,859 310,253 — 315,112 FHLB and FRB stock 13,589 — — — N/A Loans held for sale, at fair value 2,240 — 2,240 — 2,240 Loans, net of allowance for loan and lease losses 3,631,282 — — 3,613,704 3,613,704 Accrued interest receivable 6,803 — 1,106 5,697 6,803 Cash flow hedges 383 — 383 — 383 Loan level swaps 4,136 — 4,136 — 4,136 Financial liabilities Deposits $ 3,662,697 $ 3,050,658 $ 611,881 $ — $ 3,662,539 Federal home loan bank advances 49,898 — 50,044 — 50,044 Subordinated debt 48,862 — — 48,862 48,862 Accrued interest payable 2,019 151 1,118 750 2,019 Cash flow hedge 104 — 104 — 104 Loan level swap 4,136 — 4,136 — 4,136 The carrying amounts and estimated fair values of financial instruments at December 31, 2016 are as follows: Fair Value Measurements at December 31, 2016 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 162,691 $ 162,691 $ — $ — $ 162,691 Securities available for sale 305,388 4,825 300,563 — 305,388 FHLB and FRB stock 13,813 — — — N/A Loans held for sale, at fair value 1,200 — 1,200 — 1,200 Loans held for sale, at lower of cost or fair value 388 — 428 — 428 Loans, net of allowance for loan and lease losses 3,279,936 — — 3,256,837 3,256,837 Accrued interest receivable 8,153 — 899 7,254 8,153 Cash flow Hedges 123 — 123 — 123 Loan level swaps 1,543 — 1,543 — 1,543 Financial liabilities Deposits $ 3,411,837 $ 2,861,116 $ 549,332 $ — $ 3,410,448 Federal home loan bank advances 61,795 — 62,286 — 62,286 Subordinated debt 48,764 — — 48,768 48,768 Accrued interest payable 1,127 161 966 — 1,127 Cash flow hedges 867 — 867 — 867 Loan level swaps 1,543 — 1,543 — 1,543 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	9 Months Ended
	Sep. 30, 2017
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 Nine Months Ended September 30, September 30, (In thousands) 2017 2016 2017 2016 Wealth management division other expense $ 533 $ 490 $ 1,865 $ 1,593 Professional and legal fees 1,452 801 3,100 2,544 Other operating expenses 2,452 1,810 7,070 6,191 Total other operating expenses $ 4,437 $ 3,101 $ 12,035 $ 10,328

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 and 2016: Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Three Months Balance at Income Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2017 Reclassifications Income 2017 2017 Net unrealized holding (loss) on securities available for sale, net of tax $ (572 ) $ 62 $ — $ 62 $ (510 ) Gains on cash flow hedges 34 131 — 131 165 Accumulated other comprehensive loss, net of tax $ (538 ) $ 193 $ — $ 193 $ (345 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2016 Reclassifications Loss 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 1,224 $ (215 ) $ — $ (215 ) $ 1,009 Losses on cash flow hedges (3,727 ) 941 — 941 (2,786 ) Accumulated other comprehensive loss, net of tax $ (2,503 ) $ 726 $ — $ 726 $ (1,777 ) The following represents the reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2017 and 2016: Three Months Ended September 30, (In thousands) 2017 2016 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ — $ — Securities gains, net Income tax expense — — Income tax expense Total reclassifications, net of tax $ — $ — The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the nine months ended September 30, 2017 and 2016: Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Nine Months Balance at Income Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2017 Reclassifications Income 2017 2017 Net unrealized holding (loss) on securities available for sale, net of tax $ (1,091 ) $ 581 $ — $ 581 $ (510 ) Gains on cash flow hedges (440 ) 605 — 605 165 Accumulated other comprehensive loss, net of tax $ (1,531 ) $ 1,186 $ — $ 1,186 $ (345 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Nine Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2016 Reclassifications Loss 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 408 $ 676 $ (75 ) $ 601 $ 1,009 Losses on cash flow hedges (787 ) (1,999 ) — (1,999 ) (2,786 ) Accumulated other comprehensive loss, net of tax $ (379 ) $ (1,323 ) $ (75 ) $ (1,398 ) $ (1,777 ) The following represents the reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2017 and 2016: Nine Months Ended September 30, (In thousands) 2017 2016 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ — $ 119 Securities gains, net Income tax expense — (44 ) Income tax expense Total reclassifications, net of tax $ — $ 75

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 and December 31, 2016 is presented in the following table: (Dollars in thousands) September 30, 2017 December 31, 2016 Notional amount $ 180,000 $ 180,000 Weighted average pay rate 1.64 % 1.64 % Weighted average receive rate 1.30 % 0.58 % Weighted average maturity 2.50 years 3.25 years Unrealized gain/(loss), net $ 279 $ (744 ) Number of contracts 9 9 Net interest expense recorded on these swap transactions totaled $150 thousand and $763 thousand for the three and nine months ended September 30, 2017, respectively, and is reported as a component of interest expense. Net interest expense recorded on these swap transactions totaled $494 thousand and $1.5 million for the three and nine months ended September 30, 2016, respectively, and is reported as a component of interest expense. Cash Flow Hedges The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended September 30, 2017 (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 $ 131 $ — $ — The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended September 30, 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 $ 941 $ — $ — The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the nine months ended September 30, 2017 (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 $ 605 $ — $ — The following table presents the net loss recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the nine months ended September 30, 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 $ (1,999 ) $ — $ — The following tables reflect the cash flow hedges included in the financial statements as of September 30, 2017 and December 31, 2016: September 30, 2017 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ 279 Total included in other assets $ 110,000 $ 383 Total included in other liabilities $ 70,000 $ (104 ) December 31, 2016 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (744 ) Total included in other assets $ 30,000 $ 123 Total included in other liabilities $ 150,000 $ (867 ) Derivatives Not Designated as Accounting Hedges: Information about these swaps is as follows: (Dollars in thousands) September 30, 2017 December 31, 2016 Notional amount $ 315,689 $ 126,810 Fair value $ 4,136 $ 1,543 Weighted average pay rates 4.10 % 3.75 % Weighted average receive rates 3.27 % 2.65 % Weighted average maturity 7.7 years 9.4 years Number of contracts 41 14

SUBORDINATED DEBT

SUBORDINATED DEBT	9 Months Ended
	Sep. 30, 2017
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. The subordinated debt issuance benefited the Company’s regulatory total capital amount and ratio. Approximately $40.0 million of the net proceeds from the sale of the Notes were used by the Company to contribute capital to the Bank in the second quarter of 2016. The remaining funds (approximately $9 million) were retained by the Company and are intended to cover future subordinated debt interest payments. 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. KBRA reaffirmed such rating in June 2017.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2017
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: (i) 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 completed its initial assessment of revenue streams and determined that, in accordance with the standard, interest income, income from bank owned life insurance, gains on sales of loans and securities and derivatives income are all out of scope of the ASU. We reviewed contracts potentially affected by the ASU including wealth management fee income, service charges and fees, and other income. Based on the initial assessment, the Company does not expect the guidance will have a material impact on its financial statements. However, the Company is reviewing at a contract level in order to finalize the evaluation. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments”. This guidance amends 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. The Company expects to record a cumulative effect adjustment for its sole equity instrument to the balance sheet as of the beginning of the fiscal year of adoption. 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 does not expect the guidance will have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. The standard requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. For lessees, virtually all leases will be required to be recognized on the balance sheet by recording a right-of-use asset and lease liability. Subsequent accounting for leases varies depending on whether the lease is an operating lease or a finance lease. The ASU requires additional qualitative and quantitative disclosures with the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and early adoption is permitted. T In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting”. Under the ASU, an entity recognizes all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement. This change eliminates the notion of the additional paid in capital (“APIC”) pool and reduces the complexity and cost of accounting for excess tax benefits and tax deficiencies. Excess tax benefits and tax deficiencies are considered discrete items in the reporting period they occur and are not included in the estimate of an entity’s annual effective tax rate. Additionally, this update permits an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures as they occur. This accounting guidance is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. The Company adopted the provisions of this standard during the quarter ended March 31, 2017. Upon adoption, excess tax benefits and tax deficiencies are recognized in the provision for income taxes on the consolidated statement of operations and are presented within operating activities on the consolidated statement of cash flows for the nine months ended September 30, 2017. The adoption of ASU 2016-09 resulted in an income tax benefit of $792 thousand and a reduction in our effective tax rate for the nine months ended September 30, 2017. 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”. 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 has reviewed the potential impact to our securities portfolio, which primarily consists of U.S. government sponsored entities, mortgage-backed securities and municipal securities which have no history of credit loss and have strong credit ratings. The Company does not expect the standard to have an impact on its financial statements as it relates to the Company’s securities portfolio. The Company is also currently evaluating the impact the CECL model will have on our accounting and allowance for loans losses. The Company is in the process of evaluating third party firms to assist in the development of a CECL program, and has selected an in-house software model to assist in the calculation of the allowance for loan and lease losses in preparation for the change to the expected loss model. The Company expects to recognize a one-time cumulative-effect adjustment to our allowance for loan and lease losses as of the beginning of the first reporting period in which the new standard is effective, consistent with regulatory expectations set forth in interagency guidance issued at the end of 2016. The Company cannot yet determine the magnitude of any such one-time cumulative adjustment or of the overall impact of the new standard on our financial condition or results of operations. On August 26, 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments)”. This ASU addresses the following eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. This amendment is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. There is no material impact on our statement of cash flows as a result of this ASU. In January 2017, the FASB issued ASU 2017-04: “Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. This accounting standard updated simplifies the subsequent measurement of goodwill, by eliminating Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity should apply the amendments in this update on a prospective basis. A public business entity that is a SEC filer should adopt the amendments in this update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this ASU will not have a material impact to the consolidated financial statements at this time. In March 2017, the FASB issued ASU 2017-08: “Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. This Accounting Standards update amends guidance on the amortization period of premiums on certain purchased callable debt securities. Specifically, the amendments shorten the amortization period of premiums on certain purchased callable debt securities to the earliest call date. The amendments affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date. For public business entities, the amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company does not currently hold any callable debt securities with a premium. As a result, the adoption of this ASU will not have a material impact to the consolidated financial statements. Also in March 2017, the FASB issued ASU 2017-07: “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost”. This ASU requires an entity to present net periodic pension cost and net periodic postretirement benefit cost as a net amount that may be capitalized as part of an asset where appropriate. Generally, the service cost component is analyzed differently from the other components of net periodic pension cost and net periodic postretirement benefit cost. To improve consistency, transparency, and usefulness of financial information, the amendments in this update require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The amendments in this update are effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company’s current accounting treatment and presentation of net periodic postretirement benefit cost is consistent with the provisions in ASU-2017. As a result, the adoption of this ASU will not have a material impact to the consolidated financial statements. In May 2017, the FASB issued ASU 2017-09: “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting”. The amendments in this update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. An entity should account for the effects of a modification unless all the following are met: 1.) The fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification. 2.) The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified. 3.) The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in this update. The amendments in this update are effective for public business entities for annual periods beginning after December 15, 2018, including interim periods within those annual periods. The Company does not anticipate a material impact to the consolidated financial statements at this time. In August 2017, the FASB issued ASU 2017-12: “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”. The purpose of this updated guidance is to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for public business entities for fiscal years beginning after December 15, 2018, with early adoption, including adoption in an interim period, permitted. The Company plans to adopt ASU 2017-12 on January 1, 2019. ASU 2017-12 requires a modified retrospective transition method in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the statement of financial position as of the date of adoption. While the Company continues to assess all potential impacts of the standard, the Company does not anticipate a material impact to the consolidated financial statements at this time.

ACQUISITION

ACQUISITION	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
ACQUISITION	13. ACQUISITION Effective August 1, 2017 the Company closed the previously announced acquisition of MCM. The acquisition is consistent with the Company’s strategy to grow its wealth management business both organically and through strategic acquisitions. The purchase price included equity of $2 million as well as cash. The Company is still in the process of evaluating the final purchase accounting allocation .

DEFINITIVE AGREEMENT

DEFINITIVE AGREEMENT	9 Months Ended
	Sep. 30, 2017
Definitive Agreement
DEFINITIVE AGREEMENT	14. DEFINITIVE AGREEMENT On September 14, 2017, the Company announced that it had entered into a definitive agreement to acquire Fairfield, NJ-based Quadrant Capital Management, LLC. (“Quadrant”). The transaction closed on October 31, 2017. The purchase price includes equity of $3.1 million as well as cash. The Company is still in the process of evaluating the final purchase accounting allocation .

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2017
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 services. 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 and Investments of Delaware and MCM. 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 and premiums on callable debt securities which will be amortized to the earliest call date. 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 System and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Both cash and stock 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 at fair value on the Statements of Income, are based on the difference between the selling price and the carrying value of the related loan sold. SBA loans originated with the intent to sell in the secondary market are carried at the lower of cost or fair value. SBA loans are generally sold with the servicing rights retained. Gains and losses on the sale of SBA loans are based on the difference between the selling price and the carrying value of the related loan sold. Total SBA loans serviced totaled $13.4 million and $5.8 million as of September 30, 2017 and December 31, 2016, respectively. There were no SBA loans held for sale at September 30, 2017. SBA Loans held for sale totaled $388 thousand as of December 31, 2016. 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, including impaired loans, is discontinued if, in the opinion of Management, principal or interest is not likely to be paid in accordance with the terms of the loan agreement, or when principal or interest is past due 90 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 are 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 and Lease Losses	Allowance for Loan and Lease 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 may be allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or if repayment is expected solely from the underlying collateral, the loan principal balance is compared to the fair value of collateral less estimated disposition costs to determine the need, if any, for a charge off. A troubled debt restructuring (“TDR”) is a modified loan with concessions made by the lender to a borrower who is experiencing financial difficulty. TDRs are impaired and are generally measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral, less estimated disposition costs. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan and lease 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 qualitative 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. At September 30, 2017 and at December 31, 2016 the multiple was 4.0 times for non-impaired substandard loans and 2.0 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 or purpose. 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 Leasing and Equipment Finance 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 terminated, 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 September 30, 2017 and 2016, the Company recorded total compensation cost for stock options of less than $1 thousand and $11 thousand, respectively. There was no recognized tax benefit for the quarter ended September 30, 2017. There was a recognized tax benefit of $1 thousand for the quarter ended September 30, 2016. The Company recorded total compensation cost for stock options for the nine months ended September 30, 2017 and 2016 of $6 thousand and $45 thousand, respectively. There was no recognized tax benefit for the nine months ended September 30, 2017. There was a recognized tax benefit of $4 thousand for the nine months ended September 30, 2016. There was less than $1 thousand of compensation cost related to non-vested share-based compensation arrangements granted under the Company’s stock incentive plans at September 30, 2017. That cost is expected to be recognized over a weighted average period of 0.10 years. Upon adoption of Accounting Standards Update (“ASU”) 2016-09, “Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting” the Company has elected to account for forfeitures as they occur, rather than estimate expected forfeitures. For the Company’s stock option plans, changes in options outstanding during the nine months ended September 30, 2017 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2017 179,159 $ 16.27 Granted during 2017 — — Exercised during 2017 (33,862 ) 17.93 Expired during 2017 (7,722 ) 26.90 Forfeited during 2017 (581 ) 14.73 Balance, September 30, 2017 136,994 15.27 3.30 years $ 2,530 Vested and expected to vest 136,990 15.27 3.30 years $ 2,530 Exercisable at September 30, 2017 136,934 15.27 3.30 years $ 2,529 The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the third quarter of 2017 and the exercise price, multiplied by the number of in-the-money options). The Company’s closing stock price on September 30, 2017 was $33.74. There were no stock options granted in the nine months ended September 30, 2017. The Company has previously granted performance based and service based restricted stock awards/units. Service based awards/units vest ratably over a one, three or five-year period. There were 3,900 restricted stock units granted in the third quarter of 2017. 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. Total unrecognized compensation expense for performance based awards was $1.7 million as of September 30, 2017. Changes in nonvested shares dependent on performance criteria for the nine months ended September 30, 2017 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2017 92,767 $ 18.12 Granted during 2017 — — Vested during 2017 — — Forfeited during 2017 — — Balance, September 30, 2017 92,767 $ 18.12 Changes in service based restricted stock awards/units for the nine months ended September 30, 2017 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2017 368,130 $ 19.26 Granted during 2017 136,708 30.13 Vested during 2017 (148,619 ) 18.52 Forfeited during 2017 (5,938 ) 25.30 Balance, September 30, 2017 350,281 $ 23.71 As of September 30, 2017, there was $1.2 million of total unrecognized compensation cost related to service based awards. That cost is expected to be recognized over a weighted average period of 0.59 years. As of September 30, 2017, there was $4.5 million of total unrecognized compensation cost related to service based units. That cost is expected to be recognized over a weighted average period of 1.27 years. Stock compensation expense recorded for the third quarters of 2017 and 2016 totaled $864 thousand and $725 thousand, respectively. For the nine months ended September 30, 2017 and 2016, the Company recorded total compensation cost of $2.5 million and $2.2 million, respectively.
Employee Stock Purchase Plan	Employee Stock Purchase Plan: The Company recorded $33 thousand and $19 thousand of expense in salaries and employee benefits expense for the three months ended September 30, 2017 and 2016, respectively, related to the ESPP. Total shares issued under the ESPP during the third quarter of 2017 and 2016 were 6,987 and 7,155, respectively. The Company recorded $105 thousand and $83 thousand of expense in salaries and employee benefits expense for the nine months ended September 30, 2017 and 2016, respectively, related to the ESPP. Total shares issued under the ESPP for the nine months ended September 30, 2017 and 2016 were 19,820 and 26,913, respectively.
Earnings per share - Basic and Diluted	Earnings per share – Basic and Diluted: Three Months Ended Nine Months Ended September 30, September 30, (Dollars in thousands, except per share data) 2017 2016 2017 2016 Net income to shareholders $ 10,206 $ 7,116 $ 26,128 $ 19,169 Basic weighted-average shares outstanding 17,800,153 16,467,654 17,478,293 16,167,153 Plus: common stock equivalents 323,115 205,942 275,438 180,102 Diluted weighted-average shares outstanding 18,123,268 16,673,596 17,753,731 16,347,255 Net income per share Basic $ 0.57 $ 0.43 $ 1.49 $ 1.19 Diluted 0.56 0.43 1.47 1.17 For the three and nine months ended September 30, 2017 all stock options and warrants were included in the computation of diluted earnings per share because they were all dilutive. Stock options and warrants totaling 218,079 shares were not included in the computation of diluted earnings per share in the third quarter of 2016 because they were considered antidilutive. Stock options and warrants totaling 223,832 shares were not included in the computation of diluted earnings per share in the nine months ended September 30, 2016 because they were considered antidilutive. Antidilutive shares are common stock equivalents with weighted average exercise prices in excess of the weighted average market value for the period presented.
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 2013 or by New Jersey tax authorities for years prior to 2012. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company’s effective rate was positively affected by the adoption of ASU 2016-09 which simplified certain aspects of accounting for share-based compensation.
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 which 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 ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 179,159 $ 16.27 Granted during 2017 — — Exercised during 2017 (33,862 ) 17.93 Expired during 2017 (7,722 ) 26.90 Forfeited during 2017 (581 ) 14.73 Balance, September 30, 2017 136,994 15.27 3.30 years $ 2,530 Vested and expected to vest 136,990 15.27 3.30 years $ 2,530 Exercisable at September 30, 2017 136,934 15.27 3.30 years $ 2,529
Schedule of changes in nonvested performance-based shares	Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2017 92,767 $ 18.12 Granted during 2017 — — Vested during 2017 — — Forfeited during 2017 — — Balance, September 30, 2017 92,767 $ 18.12
Schedule of changes in nonvested shares	Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2017 368,130 $ 19.26 Granted during 2017 136,708 30.13 Vested during 2017 (148,619 ) 18.52 Forfeited during 2017 (5,938 ) 25.30 Balance, September 30, 2017 350,281 $ 23.71
Schedule of calculation of basic and diluted earnings per share	Three Months Ended Nine Months Ended September 30, September 30, (Dollars in thousands, except per share data) 2017 2016 2017 2016 Net income to shareholders $ 10,206 $ 7,116 $ 26,128 $ 19,169 Basic weighted-average shares outstanding 17,800,153 16,467,654 17,478,293 16,167,153 Plus: common stock equivalents 323,115 205,942 275,438 180,102 Diluted weighted-average shares outstanding 18,123,268 16,673,596 17,753,731 16,347,255 Net income per share Basic $ 0.57 $ 0.43 $ 1.49 $ 1.19 Diluted 0.56 0.43 1.47 1.17

INVESTMENT SECURITIES AVAILAB25

INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2017
INVESTMENT SECURITIES AVAILABLE FOR SALE [Abstract]
Schedule of Amortized Cost and Approximate Fair Value of Securities Available for Sale	September 30, 2017 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 36,988 $ — $ (513 ) $ 36,475 Mortgage-backed securities – residential 237,547 960 (1,126 ) 237,381 SBA pool securities 6,002 — (66 ) 5,936 State and political subdivisions 24,400 156 (46 ) 24,510 Corporate bond 3,000 94 — 3,094 Single-issuer trust preferred security 2,999 — (142 ) 2,857 CRA investment fund 5,000 — (141 ) 4,859 Total $ 315,936 $ 1,210 $ (2,034 ) $ 315,112 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 21,991 $ — $ (474 ) $ 21,517 Mortgage-backed securities – residential 238,271 860 (1,514 ) 237,617 SBA pool securities 6,778 — (65 ) 6,713 State and political subdivisions 29,107 160 (274 ) 28,993 Corporate bond 3,000 113 — 3,113 Single-issuer trust preferred security 2,999 — (389 ) 2,610 CRA investment fund 5,000 — (175 ) 4,825 Total $ 307,146 $ 1,133 $ (2,891 ) $ 305,388
Schedule of Continuous Unrealized Losses and the Approximate Fair Value of these Investments	September 30, 2017 Duration of Unrealized Loss Less Than 12 Months 12 Months or Longer Total Approximate Approximate Approximate Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses U.S. government- sponsored agencies $ 31,662 $ (330 ) $ 4,813 $ (183 ) $ 36,475 $ (513 ) Mortgage-backed securities-residential 97,456 (611 ) 30,603 (515 ) 128,059 (1,126 ) SBA pool securities — — 5,936 (66 ) 5,936 (66 ) State and political subdivisions 7,631 (40 ) 993 (6 ) 8,624 (46 ) Single-issuer trust preferred security — — 2,858 (142 ) 2,858 (142 ) CRA investment fund — — 4,859 (141 ) 4,859 (141 ) Total $ 136,749 $ (981 ) $ 50,062 $ (1,053 ) $ 186,811 $ (2,034 ) December 31, 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 U.S. government- sponsored agencies $ 21,517 $ (474 ) $ — $ — $ 21,517 $ (474 ) Mortgage-backed securities-residential 151,114 (1,472 ) 5,147 (42 ) 156,261 (1,514 ) SBA pool securities — — 6,713 (65 ) 6,713 (65 ) State and political subdivisions 9,412 (274 ) — — 9,412 (274 ) Single-issuer trust preferred security — — 2,610 (389 ) 2,610 (389 ) CRA investment fund 1,930 (70 ) 2,894 (105 ) 4,824 (175 ) Total $ 183,973 $ (2,290 ) $ 17,364 $ (601 ) $ 201,337 $ (2,891 )

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 and December 31, 2016, consisted of the following: % of % of September 30, Totals December 31, Total (In thousands) 2017 Loans 2016 Loans Residential mortgage $ 602,775 16.44 % $ 527,370 15.92 % Multifamily mortgage 1,441,852 39.32 1,459,594 44.07 Commercial mortgage 625,466 17.05 551,233 16.65 Commercial loans 845,831 23.06 636,714 19.23 Construction loans — — 1,405 0.04 Home equity lines of credit 68,787 1.88 65,682 1.98 Consumer loans, including fixed rate home equity loans 81,671 2.23 69,654 2.10 Other loans 815 0.02 492 0.01 Total loans $ 3,667,197 100.00 % $ 3,312,144 100.00 % In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal call report codes. The following portfolio classes have been identified as of September 30, 2017 and December 31, 2016: % of % of September 30, Totals December 31, Total (In thousands) 2017 Loans 2016 Loans Primary residential mortgage $ 631,632 17.23 % $ 557,970 16.86 % Home equity lines of credit 68,787 1.88 65,683 1.98 Junior lien loan on residence 7,082 0.19 9,206 0.28 Multifamily property 1,441,852 39.34 1,459,594 44.09 Owner-occupied commercial real estate 253,605 6.92 176,123 5.32 Investment commercial real estate 876,282 23.91 752,258 22.73 Commercial and industrial 257,124 7.01 213,983 6.47 Lease Financing 36,184 0.99 — — Farmland/agricultural production 162 0.01 169 0.01 Commercial construction loans 93 0.01 1,497 0.04 Consumer and other loans 92,055 2.51 73,621 2.22 Total loans $ 3,664,858 100.00 % $ 3,310,104 100.00 % Net deferred costs 2,339 2,040 Total loans including net deferred costs $ 3,667,197 $ 3,312,144
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 and lease losses (ALLL) as of September 30, 2017 and December 31, 2016: September 30, 2017 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 $ 12,161 $ 572 $ 619,471 $ 3,772 $ 631,632 $ 4,344 Home equity lines of credit 27 — 68,760 229 68,787 229 Junior lien loan on residence 98 — 6,984 13 7,082 13 Multifamily property — — 1,441,852 11,246 1,441,852 11,246 Owner-occupied commercial real estate 1,576 — 252,029 2,270 253,605 2,270 Investment commercial real estate 11,130 205 865,152 11,752 876,282 11,957 Commercial and industrial 54 54 257,070 5,181 257,124 5,235 Lease financing — — 36,184 275 36,184 275 Secured by farmland and agricultural production — — 162 2 162 2 Commercial construction — — 93 1 93 1 Consumer and other — — 92,055 343 92,055 343 Total ALLL $ 25,046 $ 831 $ 3,639,812 $ 35,084 $ 3,664,858 $ 35,915 December 31, 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 ALLL Primary residential mortgage $ 15,814 $ 456 $ 542,156 $ 3,210 $ 557,970 $ 3,666 Home equity lines of credit 53 — 65,630 233 65,683 233 Junior lien loan on residence 229 — 8,977 16 9,206 16 Multifamily Property — — 1,459,594 11,192 1,459,594 11,192 Owner-occupied Commercial real estate 1,486 — 174,637 1,774 176,123 1,774 Investment commercial real estate 11,335 214 740,923 10,695 752,258 10,909 Commercial and Industrial 154 154 213,829 4,010 213,983 4,164 Secured by farmland and agricultural production production — — 169 2 169 2 Commercial construction — — 1,497 9 1,497 9 Consumer and Other — — 73,621 243 73,621 243 Total ALLL $ 29,071 $ 824 $ 3,281,033 $ 31,384 $ 3,310,104 $ 32,208
Schedule of loans individually evaluated for impairment	The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2017 and December 31, 2016 (The average impaired loans on the following tables represent year to date impaired loans.): September 30, 2017 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 9,998 $ 8,820 $ — $ 11,329 Owner-occupied commercial real estate 1,756 1,576 — 1,467 Investment commercial real estate 9,601 9,537 — 10,035 Home equity lines of credit 29 27 — 42 Junior lien loan on residence 156 98 — 96 Total loans with no related allowance $ 21,541 $ 20,058 $ — $ 22,969 With related allowance recorded: Primary residential mortgage $ 4,159 $ 3,341 $ 572 $ 1,296 Investment commercial real estate 1,609 1,593 205 1,202 Commercial and industrial 110 54 54 79 Total loans with related allowance $ 5,878 $ 4,988 $ 831 $ 2,577 Total loans individually evaluated for Impairment $ 27,419 $ 25,046 $ 831 $ 25,546 December 31, 2016 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 16,015 $ 14,090 $ — $ 10,038 Owner-occupied commercial real estate 1,597 1,486 — 1,450 Investment commercial real estate 9,711 9,711 — 9,974 Home equity lines of credit 56 53 — 143 Junior lien loan on residence 280 229 — 339 Total loans with no related allowance $ 27,659 $ 25,569 $ — $ 21,944 With related allowance recorded: Primary residential mortgage $ 1,787 $ 1,724 $ 456 $ 1,678 Investment commercial real estate 1,640 1,624 214 1,642 Commercial and industrial 204 154 154 145 Total loans with related allowance $ 3,631 $ 3,502 $ 824 $ 3,465 Total loans individually evaluated for impairment $ 31,290 $ 29,071 $ 824 $ 25,409
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual	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 September 30, 2017 and December 31, 2016: September 30, 2017 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 8,318 $ — Home equity lines of credit 6 — Junior lien loan on residence 98 — Owner-occupied commercial real estate 1,576 — Investment commercial real estate 5,315 — Commercial and industrial 54 — Total $ 15,367 $ — December 31, 2016 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 9,071 $ — Home equity lines of credit 30 — Junior lien loan on residence 115 — Owner-occupied commercial real estate 1,486 — Investment commercial real estate 408 — Commercial and industrial 154 — Total $ 11,264 $ —
Schedule of aging of past due loans	The following tables present the aging of the recorded investment in past due loans as of September 30, 2017 and December 31, 2016 by class of loans, excluding nonaccrual loans: September 30, 2017 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 589 $ — $ — $ 589 Total $ 589 $ — $ — $ 589 December 31, 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 $ 620 $ 480 $ — $ 1,100 Junior lien loan on residence — 25 — 25 Owner-occupied commercial real estate 209 — — 209 Commercial and industrial 22 — — 22 Total $ 851 $ 505 $ — $ 1,356
Schedule of the risk category of loans by class of loans	As of September 30, 2017, 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 $ 618,544 $ 795 $ 12,293 $ — Home equity lines of credit 68,760 — 27 — Junior lien loan on residence 6,984 — 98 — Multifamily property 1,424,637 15,381 1,834 — Owner-occupied commercial real estate 248,504 — 5,101 — Investment commercial real estate 847,966 6,233 22,083 — Commercial and industrial 249,323 6,991 810 — Lease financing 36,184 — — — Farmland 162 — — — Commercial construction — 93 — — Consumer and other loans 90,131 — 1,924 — Total $ 3,591,195 $ 29,493 $ 44,170 $ — As of December 31, 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 $ 541,359 $ 660 $ 15,951 $ — Home equity lines of credit 65,630 — 53 — Junior lien loan on residence 8,977 — 229 — Multifamily property 1,456,328 2,867 399 — Owner-occupied commercial real estate 170,851 — 5,272 — Investment commercial real estate 724,203 5,116 22,939 — Commercial and industrial 208,617 4,411 955 — Secured by farmland and agricultural 169 — — — Commercial construction 1,400 97 — — Consumer and other loans 73,621 — — — Total $ 3,251,155 $ 13,151 $ 45,798 $ —
Schedule of Activity in Allowance for Loan and Lease Losses	The activity in the allowance for loan and lease losses for the three months ended September 30, 2017 is summarized below: July 1, September 30, 2017 2017 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,223 $ (261 ) $ 59 $ 323 $ 4,344 Home equity lines of credit 211 — 2 16 229 Junior lien loan on residence 14 — 6 (7 ) 13 Multifamily property 11,606 — — (360 ) 11,246 Owner-occupied commercial real estate 2,147 (30 ) — 153 2,270 Investment commercial real estate 11,727 — 1 229 11,957 Commercial and industrial 5,333 — 9 (107 ) 5,235 Lease financing 178 — — 97 275 Secured by farmland and agricultural 2 — — — 2 Commercial construction 1 — — — 1 Consumer and other loans 309 (24 ) 2 56 343 Total ALLL $ 35,751 $ (315 ) $ 79 $ 400 $ 35,915 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2017 is summarized below: January 1, September 30, 2017 2017 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,666 $ (591 ) $ 128 $ 1,141 $ 4,344 Home equity lines of credit 233 (23 ) 61 (42 ) 229 Junior lien loan on residence 16 (57 ) 19 35 13 Multifamily property 11,192 — — 54 11,246 Owner-occupied commercial real estate 1,774 (30 ) — 526 2,270 Investment commercial real estate 10,909 — 23 1,025 11,957 Commercial and industrial 4,164 (25 ) 61 1,035 5,235 Lease financing — — — 275 275 Secured by farmland and agricultural 2 — — — 2 Commercial construction 9 — — (8 ) 1 Consumer and other loans 243 (62 ) 3 159 343 Total ALLL $ 32,208 $ (788 ) $ 295 $ 4,200 $ 35,915 The activity in the allowance for loan and lease losses for the three months ended September 30, 2016 is summarized below: July 1, September 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,783 $ (729 ) $ 4 $ 972 $ 3,030 Home equity lines of credit 223 — 3 (2 ) 224 Junior lien loan on residence 19 — 2 (3 ) 18 Multifamily property 11,639 — — 204 11,843 Owner-occupied commercial real estate 1,733 — — 90 1,823 Investment commercial real estate 9,621 — 2 231 9,854 Commercial and industrial 2,951 (4 ) 8 613 3,568 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 1 — — 3 4 Consumer and other loans 247 — 11 (8 ) 250 Total ALLL $ 29,219 $ (733 ) $ 30 $ 2,100 $ 30,616 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2016 is summarized below: January 1, September 30, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,297 $ (1,027 ) $ 25 $ 1,735 $ 3,030 Home equity lines of credit 86 (91 ) 11 218 224 Junior lien loan on residence 66 — 72 (120 ) 18 Multifamily property 11,813 — — 30 11,843 Owner-occupied commercial real estate 1,679 — — 144 1,823 Investment commercial real estate 7,590 (258 ) 8 2,514 9,854 Commercial and industrial 2,209 (7 ) 20 1,346 3,568 Secured by farmland and agricultural production 2 — — — 2 Commercial construction 2 — — 2 4 Consumer and other loans 112 (5 ) 12 131 250 Total ALLL $ 25,856 $ (1,388 ) $ 148 $ 6,000 $ 30,616
Schedule of loans modified as troubled debt restructurings	The following table presents loans by class modified as TDRs during the nine-month period ended September 30, 2017: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 5 $ 1,148 $ 1,148 Total 5 $ 1,148 $ 1,148 The identification of the TDRs did not have a significant impact on the allowance for loan and lease losses. The following table presents loans by class modified as TDRs during the three-month period ended September 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 368 $ 368 Total 1 $ 368 $ 368 The following table presents loans by class modified as TDRs during the nine-month period ended September 30, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 7 $ 4,924 $ 4,924 Junior lien on residence 1 66 66 Investment commercial real estate 1 79 79 Total 9 $ 5,069 $ 5,069

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2017
Deposits:
Schedule of deposit liabilities	September 30, December 31, 2017 2016 (In thousands) $ % $ % Noninterest-bearing demand deposits $ 557,117 15.21 % $ 489,485 14.35 % Interest-bearing checking (1) 1,144,714 31.25 1,023,081 29.99 Savings 121,830 3.33 120,056 3.52 Money market 1,046,997 28.59 1,048,494 30.73 Certificates of deposit 528,251 14.42 457,000 13.39 Subtotal deposits 3,398,909 92.80 3,138,116 91.98 Interest-bearing demand - Brokered 180,000 4.91 180,000 5.27 Certificates of deposit - Brokered 83,788 2.29 93,721 2.75 Total deposits $ 3,662,697 100.00 % $ 3,411,837 100.00 % (1) Interest-bearing checking includes $373.7 million at September 30, 2017 and $393.0 million at December 31, 2016 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.
Schedule of maturities of time deposits	(In thousands) 2017 $ 56,898 2018 316,436 2019 102,167 2020 39,510 2021 13,858 Over 5 Years 83,710 Total $ 612,039

FEDERAL HOME LOAN BANK ADVANC28

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of maturity dates of the advances and other borrowings	(In thousands) 2017 $ 12,000 2018 34,898 2019 3,000 2020 — 2021 — Over 5 years — Total $ 49,898

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of income and total assets for reportable segments	Three Months Ended September 30, 2017 Wealth Management (In thousands) Banking Division Total Net interest income $ 28,687 $ 1,305 $ 29,992 Noninterest income 2,928 5,903 8,831 Total income 31,615 7,208 38,823 Provision for loan and lease losses 400 — 400 Compensation and benefits 10,992 3,004 13,996 Premises and equipment expense 2,619 326 2,945 Other noninterest expense 3,167 1,853 5,020 Total noninterest expense 17,178 5,183 22,361 Income before income tax expense 14,437 2,025 16,462 Income tax expense 5,474 782 6,256 Net income $ 8,963 $ 1,243 $ 10,206 Three Months Ended September 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 23,194 $ 1,075 $ 24,269 Noninterest income 2,974 4,561 7,535 Total income 26,168 5,636 31,804 Provision for loan and lease losses 2,100 — 2,100 Compensation and benefits 9,138 2,377 11,515 Premises and equipment expense 2,484 252 2,736 Other noninterest expense 2,688 1,227 3,915 Total noninterest expense 16,410 3,856 20,266 Income before income tax expense 9,758 1,780 11,538 Income tax expense 3,738 684 4,422 Net income $ 6,020 $ 1,096 $ 7,116 Nine Months Ended September 30, 2017 Wealth Management (In thousands) Banking Division Total Net interest income $ 78,372 $ 4,183 $ 82,555 Noninterest income 7,975 16,046 24,021 Total income 86,347 20,229 106,576 Provision for loan and lease losses 4,200 — 4,200 Compensation and benefits 30,792 7,868 38,660 Premises and equipment expense 7,891 903 8,794 Other noninterest expense 8,559 5,347 13,906 Total noninterest expense 51,442 14,118 65,560 Income before income tax expense 34,905 6,111 41,016 Income tax expense 12,670 2,218 14,888 Net income $ 22,235 $ 3,893 $ 26,128 Total assets for period end $ 4,148,222 $ 28,110 $ 4,176,332 Nine Months Ended September 30, 2016 Wealth Management (In thousands) Banking Division Total Net interest income $ 67,962 $ 3,893 $ 71,855 Noninterest income 7,286 13,960 21,246 Total income 75,248 17,853 93,101 Provision for loan and lease losses 6,000 — 6,000 Compensation and benefits 26,744 6,779 33,523 Premises and equipment expense 7,583 759 8,342 Other noninterest expense 10,047 4,235 14,282 Total noninterest expense 50,374 11,773 62,147 Income before income tax expense 24,874 6,080 30,954 Income tax expense 9,470 2,315 11,785 Net income $ 15,404 $ 3,765 $ 19,169 Total assets for period end $ 3,729,004 $ 45,379 $ 3,774,383

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2017
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 September 30, Assets Inputs Inputs (In thousands) 2017 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored agencies $ 36,475 $ — $ 36,475 $ — Mortgage-backed securities- residential 237,381 — 237,381 — SBA pool securities 5,936 — 5,936 — State and political subdivisions 24,510 — 24,510 — Corporate bond 3,094 — 3,094 — Single-issuer trust preferred security 2,857 — 2,857 — CRA investment fund 4,859 4,859 — — Loans held for sale, at fair value 2,240 — 2,240 — Derivatives: Cash flow hedges 383 — 383 — Loan level swaps 4,136 — 4,136 — Total $ 321,871 $ 4,859 $ 317,012 $ — Liabilities: Derivatives: Cash flow hedges $ (104 ) $ — $ (104 ) $ — Loan level swaps (4,136 ) — (4,136 ) — Total $ (4,240 ) $ — $ (4,240 ) $ — 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) 2016 (Level 1) (Level 2) (Level 3) Assets: Securities available for sale: U.S. government-sponsored agencies $ 21,517 $ — $ 21,517 $ — Mortgage-backed securities-residential 237,617 — 237,617 — SBA pool securities 6,713 — 6,713 — State and political subdivisions 28,993 — 28,993 — Corporate bond 3,113 — 3,113 — Single-issuer trust preferred security 2,610 — 2,610 — CRA investment fund 4,825 4,825 — — Loans held for sale, at fair value 1,200 — 1,200 — Derivatives: Cash flow hedges 123 — 123 — Loan level swaps 1,543 — 1,543 — Total $ 308,254 $ 4,825 $ 303,429 $ — Liabilities: Derivatives: Cash flow hedges $ (867 ) — (867 ) — Loan level swaps (1,543 ) — (1,543 ) — Total $ (2,410 ) $ — $ (2,410 ) $ —
Schedule of residential loans held for sale	(In thousands) September 30, 2017 December 31, 2016 Residential loans contractual balance $ 2,214 $ 1,181 Fair value adjustment 26 19 Total fair value of residential loans held for sale $ 2,240 $ 1,200
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 observable Identical Observable Unobservable September 30, Assets Inputs Inputs (In thousands) 2017 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Primary residential mortgage $ 1,828 $ — $ — $ 1,828 Investment commercial real estate 239 — — 239 December 31, (In thousands) 2016 Assets: Impaired loans: Investment commercial real estate $ 245 $ — $ — $ 245
Schedule of carrying amounts and estimated fair values of financial instruments	The carrying amounts and estimated fair values of financial instruments at September 30, 2017 are as follows: Fair Value Measurements at September 30, 2017 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 93,340 $ 93,340 $ — $ — $ 93,340 Securities available for sale 315,112 4,859 310,253 — 315,112 FHLB and FRB stock 13,589 — — — N/A Loans held for sale, at fair value 2,240 — 2,240 — 2,240 Loans, net of allowance for loan and lease losses 3,631,282 — — 3,613,704 3,613,704 Accrued interest receivable 6,803 — 1,106 5,697 6,803 Cash flow hedges 383 — 383 — 383 Loan level swaps 4,136 — 4,136 — 4,136 Financial liabilities Deposits $ 3,662,697 $ 3,050,658 $ 611,881 $ — $ 3,662,539 Federal home loan bank advances 49,898 — 50,044 — 50,044 Subordinated debt 48,862 — — 48,862 48,862 Accrued interest payable 2,019 151 1,118 750 2,019 Cash flow hedge 104 — 104 — 104 Loan level swap 4,136 — 4,136 — 4,136 The carrying amounts and estimated fair values of financial instruments at December 31, 2016 are as follows: Fair Value Measurements at December 31, 2016 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 162,691 $ 162,691 $ — $ — $ 162,691 Securities available for sale 305,388 4,825 300,563 — 305,388 FHLB and FRB stock 13,813 — — — N/A Loans held for sale, at fair value 1,200 — 1,200 — 1,200 Loans held for sale, at lower of cost or fair value 388 — 428 — 428 Loans, net of allowance for loan and lease losses 3,279,936 — — 3,256,837 3,256,837 Accrued interest receivable 8,153 — 899 7,254 8,153 Cash flow Hedges 123 — 123 — 123 Loan level swaps 1,543 — 1,543 — 1,543 Financial liabilities Deposits $ 3,411,837 $ 2,861,116 $ 549,332 $ — $ 3,410,448 Federal home loan bank advances 61,795 — 62,286 — 62,286 Subordinated debt 48,764 — — 48,768 48,768 Accrued interest payable 1,127 161 966 — 1,127 Cash flow hedges 867 — 867 — 867 Loan level swaps 1,543 — 1,543 — 1,543

OTHER OPERATING EXPENSES (Table

OTHER OPERATING EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2017
Other Income and Expenses [Abstract]
Schedule of components of other operating expenses	Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2017 2016 2017 2016 Wealth management division other expense $ 533 $ 490 $ 1,865 $ 1,593 Professional and legal fees 1,452 801 3,100 2,544 Other operating expenses 2,452 1,810 7,070 6,191 Total other operating expenses $ 4,437 $ 3,101 $ 12,035 $ 10,328

ACCUMULATED OTHER COMPREHENSI32

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Tables)	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule of accumulated other comprehensive income balances, net of tax	The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the three months ended September 30, 2017 and 2016: Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Three Months Balance at Income Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2017 Reclassifications Income 2017 2017 Net unrealized holding (loss) on securities available for sale, net of tax $ (572 ) $ 62 $ — $ 62 $ (510 ) Gains on cash flow hedges 34 131 — 131 165 Accumulated other comprehensive loss, net of tax $ (538 ) $ 193 $ — $ 193 $ (345 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2016 Reclassifications Loss 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 1,224 $ (215 ) $ — $ (215 ) $ 1,009 Losses on cash flow hedges (3,727 ) 941 — 941 (2,786 ) Accumulated other comprehensive loss, net of tax $ (2,503 ) $ 726 $ — $ 726 $ (1,777 ) The following represents the reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2017 and 2016: Three Months Ended September 30, (In thousands) 2017 2016 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ — $ — Securities gains, net Income tax expense — — Income tax expense Total reclassifications, net of tax $ — $ — The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the nine months ended September 30, 2017 and 2016: Amount Other Reclassified Comprehensive Other From Income Comprehensive Accumulated Nine Months Balance at Income Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2017 Reclassifications Income 2017 2017 Net unrealized holding (loss) on securities available for sale, net of tax $ (1,091 ) $ 581 $ — $ 581 $ (510 ) Gains on cash flow hedges (440 ) 605 — 605 165 Accumulated other comprehensive loss, net of tax $ (1,531 ) $ 1,186 $ — $ 1,186 $ (345 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Nine Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2016 Reclassifications Loss 2016 2016 Net unrealized holding gain on securities available for sale, net of tax $ 408 $ 676 $ (75 ) $ 601 $ 1,009 Losses on cash flow hedges (787 ) (1,999 ) — (1,999 ) (2,786 ) Accumulated other comprehensive loss, net of tax $ (379 ) $ (1,323 ) $ (75 ) $ (1,398 ) $ (1,777 )
Schedule of the reclassifications out of accumulated other comprehensive income	The following represents the reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2017 and 2016: Nine Months Ended September 30, (In thousands) 2017 2016 Affected Line Item in Income Unrealized gains on securities available for sale: Realized net gain on securities sales $ — $ 119 Securities gains, net Income tax expense — (44 ) Income tax expense Total reclassifications, net of tax $ — $ 75

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Sep. 30, 2017
Schedule of Information about Derivatives	(Dollars in thousands) September 30, 2017 December 31, 2016 Notional amount $ 180,000 $ 180,000 Weighted average pay rate 1.64 % 1.64 % Weighted average receive rate 1.30 % 0.58 % Weighted average maturity 2.50 years 3.25 years Unrealized gain/(loss), net $ 279 $ (744 ) Number of contracts 9 9
Schedule of Net Gains/(Losses)	The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended September 30, 2017 (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 $ 131 $ — $ — The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended September 30, 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 $ 941 $ — $ — The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the nine months ended September 30, 2017 (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 $ 605 $ — $ — The following table presents the net loss recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the nine months ended September 30, 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 $ (1,999 ) $ — $ —
Schedule of Notional Amount and Fair Value	September 30, 2017 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ 279 Total included in other assets $ 110,000 $ 383 Total included in other liabilities $ 70,000 $ (104 ) December 31, 2016 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ (744 ) Total included in other assets $ 30,000 $ 123 Total included in other liabilities $ 150,000 $ (867 )
Not Designated as Hedging Instrument [Member]
Schedule of Information about Derivatives	(Dollars in thousands) September 30, 2017 December 31, 2016 Notional amount $ 315,689 $ 126,810 Fair value $ 4,136 $ 1,543 Weighted average pay rates 4.10 % 3.75 % Weighted average receive rates 3.27 % 2.65 % Weighted average maturity 7.7 years 9.4 years Number of contracts 41 14

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative - Other) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)shares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)shares	Dec. 31, 2016USD ($)
Amount of loans serviced | $	$ 13,400		$ 13,400		$ 5,800
Threshold for determining nonaccrual status			90 days
Antidilutive securities | shares		218,079		223,832
Finite-Lived Intangible Asset, Useful Life			15 years
Substandard [Member]
Loan reserve multiple	4		4		4
Special Mention [Member]
Loan reserve multiple	2		2		2
Consumer and Other [Member]
Threshold for determining nonaccrual status			120 days
Small Business Administration Loans [Member]
Loans held for sale | $					$ 388
Employee Stock [Member]
Number of share purchase rights authorized | shares	150,000		150,000
Percentage of closing market price on purchase date			85.00%
Compensation cost | $	$ 33	$ 19	$ 105	$ 83
Issuance of shares for Employee Stock Purchase Plan, shares | shares	6,987	7,155	19,820	26,913
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 ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock-Based Compensation Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Closing stock price of common stock	$ 33.74		$ 33.74
Employee Stock Option [Member]
Option term			10 years
Vesting term			5 years
Unrecognized compensation cost	$ 1		$ 1
Weighted average period, unrecognized compensation expected to be recognized (in years)			1 month 6 days
Total compensation cost	1	$ 11	$ 6	$ 45
Recognized tax benefit		1		4
Restricted stock [Member]
Shares available for grant	3,900		3,900
Unrecognized compensation cost	$ 1,200		$ 1,200
Weighted average period, unrecognized compensation expected to be recognized (in years)			7 months 2 days
Total compensation cost	864	$ 725	$ 2,500	$ 2,200
Restricted stock [Member] | Share-based Compensation Award, Tranche One [Member]
Vesting term			1 year
Restricted stock [Member] | Share-based Compensation Award, Tranche Two [Member]
Vesting term			3 years
Restricted stock [Member] | Share-based Compensation Award, Tranche Three [Member]
Vesting term			5 years
Restricted Stock Units [Member]
Unrecognized compensation cost	4,500		$ 4,500
Weighted average period, unrecognized compensation expected to be recognized (in years)			1 year 3 months 8 days
Performance Shares [Member]
Unrecognized compensation cost	$ 2,500		$ 2,500

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Options Outstanding) (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares
Number of Options
Balance | shares	179,159
Granted | shares
Exercised | shares	(33,862)
Expired | shares	(7,722)
Forfeited | shares	(581)
Balance | shares	136,994
Vested and expected to vest | shares	136,990
Exercisable | shares	136,934
Weighted Average Exercise Price
Balance | $ / shares	$ 16.27
Granted | $ / shares
Exercised | $ / shares	17.93
Expired | $ / shares	26.9
Forfeited | $ / shares	14.73
Balance | $ / shares	15.27
Vested and expected to vest | $ / shares	15.27
Exercisable | $ / shares	$ 15.27
Weighted Average Remaining Contractual Term
Balance	3 years 3 months 19 days
Vested and Expected to Vest	3 years 3 months 19 days
Exercisable	3 years 3 months 19 days
Aggregate Intrinsic Value
Balance | $	$ 2,530
Vested and expected to vest | $	2,530
Exercisable | $	$ 2,529

SUMMARY OF SIGNIFICANT ACCOUN37

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Restricted Common Shares) (Details)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Performance Shares [Member]
Number of Shares
Balance at Beginning | shares	92,767
Granted | shares
Vested | shares
Forfeited | shares
Balance at end | shares	92,767
Weighted Average Grant Date Fair Value
Balance at Beginning | $ / shares	$ 18.12
Granted | $ / shares
Vested | $ / shares
Forfeited | $ / shares
Balance at end | $ / shares	$ 18.12
Restricted stock [Member]
Number of Shares
Balance at Beginning | shares	368,130
Granted | shares	136,708
Vested | shares	(148,619)
Forfeited | shares	(5,938)
Balance at end | shares	350,281
Weighted Average Grant Date Fair Value
Balance at Beginning | $ / shares	$ 19.26
Granted | $ / shares	30.13
Vested | $ / shares	18.52
Forfeited | $ / shares	25.3
Balance at end | $ / shares	$ 23.71

SUMMARY OF SIGNIFICANT ACCOUN38

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accounting Policies [Abstract]
Net income to shareholders	$ 10,206	$ 7,116	$ 26,128	$ 19,169
Basic weighted average common shares outstanding (in shares)	17,800,153	16,467,654	17,478,293	16,167,153
Plus: common stock equivalents	323,115	205,942	275,438	180,102
Diluted weighted-average common shares outstanding	18,123,268	16,673,596	17,753,731	16,347,255
Net Income Per Share
Basic	$ 0.57	$ 0.43	$ 1.49	$ 1.19
Diluted	$ 0.56	$ 0.43	$ 1.47	$ 1.17

INVESTMENT SECURITIES AVAILAB39

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Amortized Cost and Approximate Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Amortized Cost	$ 315,936	$ 307,146
Gross Unrealized Gains	1,210	1,133
Gross Unrealized Losses	(2,034)	(2,891)
Fair Value	315,112	305,388
U.S. Government-Sponsored Entities [Member]
Amortized Cost	36,988	21,991
Gross Unrealized Gains
Gross Unrealized Losses	(513)	(474)
Fair Value	36,475	21,517
Mortgage-Backed Securities-Residential [Member]
Amortized Cost	237,547	238,271
Gross Unrealized Gains	960	860
Gross Unrealized Losses	(1,126)	(1,514)
Fair Value	237,381	237,617
SBA Pool Securities [Member]
Amortized Cost	6,002	6,778
Gross Unrealized Gains
Gross Unrealized Losses	(66)	(65)
Fair Value	5,936	6,713
State and Political Subdivisions [Member]
Amortized Cost	24,400	29,107
Gross Unrealized Gains	156	160
Gross Unrealized Losses	(46)	(274)
Fair Value	24,510	28,993
Corporate Bond [Member]
Amortized Cost	3,000	3,000
Gross Unrealized Gains	94	113
Gross Unrealized Losses
Fair Value	3,094	3,113
Single-Issuer Trust Preferred Security [Member]
Amortized Cost	2,999	2,999
Gross Unrealized Gains
Gross Unrealized Losses	(142)	(389)
Fair Value	2,857	2,610
CRA Investment Fund [Member]
Amortized Cost	5,000	5,000
Gross Unrealized Gains
Gross Unrealized Losses	(141)	(175)
Fair Value	$ 4,859	$ 4,825

INVESTMENT SECURITIES AVAILAB40

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Securities with Continuous Unrealized Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Approximate Fair Value
Less Than 12 Months	$ 136,749	$ 183,973
12 Months or Longer	50,062	17,364
Total	186,811	201,337
Unrealized Losses
Less Than 12 Months	(981)	(2,290)
12 Months or Longer	(1,053)	(601)
Total	(2,034)	(2,891)
U.S. Government-Sponsored Entities [Member]
Approximate Fair Value
Less Than 12 Months	31,662	21,517
12 Months or Longer	4,813
Total	36,475	21,517
Unrealized Losses
Less Than 12 Months	(330)	(474)
12 Months or Longer	(183)
Total	(513)	(474)
Mortgage-Backed Securities-Residential [Member]
Approximate Fair Value
Less Than 12 Months	97,456	151,114
12 Months or Longer	30,603	5,147
Total	128,059	156,261
Unrealized Losses
Less Than 12 Months	(611)	(1,472)
12 Months or Longer	(515)	(42)
Total	(1,126)	(1,514)
SBA Pool Securities [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	5,936	6,713
Total	5,936	6,713
Unrealized Losses
Less Than 12 Months
12 Months or Longer	(66)	(65)
Total	(66)	(65)
State and Political Subdivisions [Member]
Approximate Fair Value
Less Than 12 Months	7,631	9,412
12 Months or Longer	993
Total	8,624	9,412
Unrealized Losses
Less Than 12 Months	(40)	(274)
12 Months or Longer	(6)
Total	(46)	(274)
Single-Issuer Trust Preferred Security [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	2,858	2,610
Total	2,858	2,610
Unrealized Losses
Less Than 12 Months
12 Months or Longer	(142)	(389)
Total	(142)	(389)
CRA Investment Fund [Member]
Approximate Fair Value
Less Than 12 Months		1,930
12 Months or Longer	4,859	2,894
Total	4,859	4,824
Unrealized Losses
Less Than 12 Months		(70)
12 Months or Longer	(141)	(105)
Total	$ (141)	$ (175)

LOANS (Narrative) (Details)

LOANS (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Receivables [Abstract]
Impaired non-accrual loans	$ 15,367	$ 11,264
Impaired non-accrual loans performing troubled debt restructured	9,700	17,800
Allowance allocated to troubled debt restructured loans	439	550
Allowance allocated to non accrual loans	184	314
Troubled debt restructurings specific reserves to customers	$ 439	$ 550

LOANS (Schedule of Loans Outsta

LOANS (Schedule of Loans Outstanding, by Classification) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Total loans	$ 3,667,197	$ 3,312,144
Construction Loans [Member]
Total loans		1,405
Residential Portfolio Segment [Member] | Residential Mortgage [Member]
Total loans	602,775	527,370
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	1,441,852	1,459,594
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	68,787	65,682
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member]
Total loans	625,466	551,233
Commercial Portfolio Segment [Member] | Commercial Loans [Member]
Total loans	845,831	636,714
Consumer and Other [Member] | Consumer Loans, Including Home Equity Loans [Member]
Total loans	81,671	69,654
Unallocated Financing Receivables [Member]
Total loans	$ 815	$ 492
Loans and Finance Receivables [Member]
Total loans (in percent)	100.00%	100.00%
Loans and Finance Receivables [Member] | Construction Loans [Member]
Total loans (in percent)		0.04%
Loans and Finance Receivables [Member] | Residential Portfolio Segment [Member] | Residential Mortgage [Member]
Total loans (in percent)	16.44%	15.92%
Loans and Finance Receivables [Member] | Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans (in percent)	39.32%	44.07%
Loans and Finance Receivables [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans (in percent)	1.88%	1.98%
Loans and Finance Receivables [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member]
Total loans (in percent)	17.05%	16.65%
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member]
Total loans (in percent)	23.06%	19.23%
Loans and Finance Receivables [Member] | Consumer and Other [Member] | Consumer Loans, Including Home Equity Loans [Member]
Total loans (in percent)	2.23%	2.10%
Loans and Finance Receivables [Member] | Unallocated Financing Receivables [Member]
Total loans (in percent)	0.02%	0.01%

LOANS (Schedule of Loan Balance

LOANS (Schedule of Loan Balances by Portfolio Class) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Total loans	$ 3,664,858	$ 3,310,104
Net deferred fees	2,339	2,040
Total loans including net deferred costs	3,667,197	3,312,144
Construction Loans [Member]
Total loans including net deferred costs		1,405
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	7,082	9,206
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans	631,632	557,970
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	68,787	65,683
Total loans including net deferred costs	68,787	65,682
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	1,441,852	1,459,594
Total loans including net deferred costs	1,441,852	1,459,594
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total loans	253,605	176,123
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	876,282	752,258
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total loans	93	1,497
Consumer and Other [Member]
Total loans	92,055	73,621
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total loans	257,124	213,983
Lease Financing [Member]
Total loans	36,184
Lease Financing [Member] | Commercial Portfolio Segment [Member]
Total loans	36,184
Agricultural Sector [Member]
Total loans	$ 162	$ 169
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)	0.19%	0.28%
Loans and Finance Receivables, Gross [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans (in percent)	17.23%	16.86%
Loans and Finance Receivables, Gross [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans (in percent)	1.88%	1.98%
Loans and Finance Receivables, Gross [Member] | Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans (in percent)	39.34%	44.09%
Loans and Finance Receivables, Gross [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total loans (in percent)	6.92%	5.32%
Loans and Finance Receivables, Gross [Member] | Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans (in percent)	23.91%	22.73%
Loans and Finance Receivables, Gross [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total loans (in percent)	0.01%	0.04%
Loans and Finance Receivables, Gross [Member] | Consumer and Other [Member]
Total loans (in percent)	2.51%	2.22%
Loans and Finance Receivables, Gross [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total loans (in percent)	7.01%	6.47%
Loans and Finance Receivables, Gross [Member] | Lease Financing [Member] | Commercial Portfolio Segment [Member]
Total loans (in percent)	0.99%
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	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Total Loans Individually Evaluated for Impairment	$ 25,046		$ 29,071
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	831		824
Total Loans Collectively Evaluated for Impairment	3,639,812		3,281,033
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	35,084		31,384
Total Loans	3,664,858		3,310,104
Total Ending ALLL	35,915	$ 35,751	32,208	$ 30,616	$ 29,219	$ 25,856
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans Individually Evaluated for Impairment	98		229
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	6,984		8,977
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	13		16
Total Loans	7,082		9,206
Total Ending ALLL	13	14	16	18	19	66
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Loans Individually Evaluated for Impairment	12,161		15,814
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	572		456
Total Loans Collectively Evaluated for Impairment	619,471		542,156
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	3,772		3,210
Total Loans	631,632		557,970
Total Ending ALLL	4,344	4,223	3,666	3,030	2,783	2,297
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Loans Individually Evaluated for Impairment	27		53
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	68,760		65,630
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	229		233
Total Loans	68,787		65,683
Total Ending ALLL	229	211	233	224	223	86
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	1,441,852		1,459,594
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	11,246		11,192
Total Loans	1,441,852		1,459,594
Total Ending ALLL	11,246	11,606	11,192	11,843	11,639	11,813
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Loans Individually Evaluated for Impairment	1,576		1,486
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	252,029		174,637
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,270		1,774
Total Loans	253,605		176,123
Total Ending ALLL	2,270	2,147	1,774	1,823	1,733	1,679
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total Loans Individually Evaluated for Impairment	11,130		11,335
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	205		214
Total Loans Collectively Evaluated for Impairment	865,152		740,923
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	11,752		10,695
Total Loans	876,282		752,258
Total Ending ALLL	11,957	11,727	10,909	9,854	9,621	7,590
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	93		1,497
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	1		9
Total Loans	93		1,497
Total Ending ALLL	1	1	9	4	1	2
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	92,055		73,621
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	343		243
Total Loans	92,055		73,621
Total Ending ALLL	343	309	243	250	247	112
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	54		154
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	54		154
Total Loans Collectively Evaluated for Impairment	257,070		213,829
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	5,181		4,010
Total Loans	257,124		213,983
Total Ending ALLL	5,235	$ 5,333	4,164	$ 3,568	$ 2,951	$ 2,209
Lease Financing [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	36,184
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	275
Total Loans	36,184
Total Ending ALLL	275
Lease Financing [Member] | Commercial Portfolio Segment [Member]
Total Loans	36,184
Agricultural Sector [Member]
Total Loans Individually Evaluated for Impairment
Ending ALLL Attributable to Loans Individually Evaluated for Impairment
Total Loans Collectively Evaluated for Impairment	162		169
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2		2
Total Loans	162		169
Total Ending ALLL	$ 2		$ 2

LOANS (Schedule of Schedule of

LOANS (Schedule of Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Unpaid Principal Balance
With no related allowance recorded	$ 21,541	$ 27,659
With related allowance recorded	5,878	3,631
Total loans individually evaluated impairment	27,419	31,290
Recorded Investment
With no related allowance recorded	20,058	25,569
With related allowance recorded	4,988	3,502
Total loans individually evaluated impairment	25,046	29,071
Specific Reserves	831	824
Average Impaired Loans
With no related allowance recorded	22,969	21,944
With related allowance recorded	2,577	3,465
Total loans individually evaluated impairment	25,546	25,409
Residential Portfolio Segment [Member] | Junior Lien [Member]
Unpaid Principal Balance
With no related allowance recorded	156	280
Recorded Investment
With no related allowance recorded	98	229
Average Impaired Loans
With no related allowance recorded	96	339
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Unpaid Principal Balance
With no related allowance recorded	9,998	16,015
With related allowance recorded	4,159	1,787
Recorded Investment
With no related allowance recorded	8,820	14,090
With related allowance recorded	3,341	1,724
Specific Reserves	572	456
Average Impaired Loans
With no related allowance recorded	11,329	10,038
With related allowance recorded	1,296	1,678
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Unpaid Principal Balance
With no related allowance recorded	29	56
Recorded Investment
With no related allowance recorded	27	53
Average Impaired Loans
With no related allowance recorded	42	143
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Unpaid Principal Balance
With no related allowance recorded	1,756	1,597
Recorded Investment
With no related allowance recorded	1,576	1,486
Average Impaired Loans
With no related allowance recorded	1,467	1,450
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Unpaid Principal Balance
With no related allowance recorded	9,601	9,711
With related allowance recorded	1,609	1,640
Recorded Investment
With no related allowance recorded	9,537	9,711
With related allowance recorded	1,593	1,624
Specific Reserves	205	214
Average Impaired Loans
With no related allowance recorded	10,035	9,974
With related allowance recorded	1,202	1,642
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Unpaid Principal Balance
With related allowance recorded	110	204
Recorded Investment
With related allowance recorded	54	154
Specific Reserves	54	154
Average Impaired Loans
With related allowance recorded	$ 79	$ 145

LOANS (Schedule of Investment i

LOANS (Schedule of Investment in Nonaccrual and Loans Past Due Over 90 Days) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Impaired non-accrual loans	$ 15,367	$ 11,264
Loans Past Due Over 90 Days And Still Accruing Interest
Residential Portfolio Segment [Member] | Junior Lien [Member]
Impaired non-accrual loans	98	115
Loans Past Due Over 90 Days And Still Accruing Interest
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Impaired non-accrual loans	8,318	9,071
Loans Past Due Over 90 Days And Still Accruing Interest
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Impaired non-accrual loans	6	30
Loans Past Due Over 90 Days And Still Accruing Interest
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Impaired non-accrual loans	1,576	1,486
Loans Past Due Over 90 Days And Still Accruing Interest
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Impaired non-accrual loans	5,315	408
Loans Past Due Over 90 Days And Still Accruing Interest
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Impaired non-accrual loans	54	154
Loans Past Due Over 90 Days And Still Accruing Interest

LOANS (Schedule of Schedule o47

LOANS (Schedule of Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Total Past Due	$ 589	$ 1,356
30 to 59 Days Past Due [Member]
Total Past Due	589	851
60 to 89 Days Past Due [Member]
Total Past Due		505
Greater Than 90 Days [Member]
Total Past Due
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Past Due		25
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Past Due	589	1,100
Residential Portfolio Segment [Member] | 30 to 59 Days Past Due [Member] | Junior Lien [Member]
Total Past Due
Residential Portfolio Segment [Member] | 30 to 59 Days Past Due [Member] | Primary Residential Mortgages [Member]
Total Past Due	589	620
Residential Portfolio Segment [Member] | 60 to 89 Days Past Due [Member] | Junior Lien [Member]
Total Past Due		25
Residential Portfolio Segment [Member] | 60 to 89 Days Past Due [Member] | Primary Residential Mortgages [Member]
Total Past Due		480
Residential Portfolio Segment [Member] | Greater Than 90 Days [Member] | Primary Residential Mortgages [Member]
Total Past Due
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Past Due		209
Commercial Real Estate Portfolio Segment [Member] | 30 to 59 Days Past Due [Member] | Owner Occupied Property [Member]
Total Past Due		209
Commercial Real Estate Portfolio Segment [Member] | Greater Than 90 Days [Member] | Owner Occupied Property [Member]
Total Past Due
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Past Due		22
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | 30 to 59 Days Past Due [Member]
Total Past Due		22
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | 60 to 89 Days Past Due [Member]
Total Past Due
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | Greater Than 90 Days [Member]
Total Past Due

LOANS (Schedule of Schedule o48

LOANS (Schedule of Schedule of Risk Category of Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Total Loans	$ 3,664,858	$ 3,310,104
Impaired loans	27,419	31,290
Pass [Member]
Total Loans	3,591,195	3,251,155
Special Mention [Member]
Total Loans	29,493	13,151
Substandard [Member]
Total Loans	44,170	45,798
Impaired loans	23,900	27,900
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans	7,082	9,206
Residential Portfolio Segment [Member] | Pass [Member] | Junior Lien [Member]
Total Loans	6,984	8,977
Residential Portfolio Segment [Member] | Substandard [Member] | Junior Lien [Member]
Total Loans	98	229
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Loans	631,632	557,970
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member] | Pass [Member]
Total Loans	618,544	541,359
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member] | Special Mention [Member]
Total Loans	795	660
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member] | Substandard [Member]
Total Loans	12,293	15,951
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Loans	68,787	65,683
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Pass [Member]
Total Loans	68,760	65,630
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Substandard [Member]
Total Loans	27	53
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total Loans	1,441,852	1,459,594
Residential Portfolio Segment [Member] | Multifamily Property [Member] | Pass [Member]
Total Loans	1,424,637	1,456,328
Residential Portfolio Segment [Member] | Multifamily Property [Member] | Special Mention [Member]
Total Loans	15,381	2,867
Residential Portfolio Segment [Member] | Multifamily Property [Member] | Substandard [Member]
Total Loans	1,834	399
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Loans	253,605	176,123
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member] | Pass [Member]
Total Loans	248,504	170,851
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member] | Special Mention [Member]
Total Loans
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member] | Substandard [Member]
Total Loans	5,101	5,272
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total Loans	876,282	752,258
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member] | Pass [Member]
Total Loans	847,966	724,203
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member] | Special Mention [Member]
Total Loans	6,233	5,116
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member] | Substandard [Member]
Total Loans	22,083	22,939
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total Loans	93	1,497
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Total Loans		1,400
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member]
Total Loans	93	97
Consumer and Other [Member]
Total Loans	92,055	73,621
Consumer and Other [Member] | Pass [Member]
Total Loans	90,131	73,621
Consumer and Other [Member] | Substandard [Member]
Total Loans	1,924
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans	257,124	213,983
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | Pass [Member]
Total Loans	249,323	208,617
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | Special Mention [Member]
Total Loans	6,991	4,411
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Total Loans	810	955
Lease Financing [Member]
Total Loans	36,184
Lease Financing [Member] | Pass [Member]
Total Loans	36,184
Lease Financing [Member] | Commercial Portfolio Segment [Member]
Total Loans	36,184
Agricultural Sector [Member]
Total Loans	162	169
Agricultural Sector [Member] | Pass [Member]
Total Loans	$ 162	$ 169

LOANS (Schedule of Activity in

LOANS (Schedule of Activity in Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Allowance for loan losses
Beginning ALLL	$ 35,751	$ 29,219	$ 32,208	$ 25,856
Charge-Offs	(315)	(733)	(788)	(1,388)
Recoveries	79	30	295	148
Provision (Credit)	400	2,100	4,200	6,000
Ending ALLL	35,915	30,616	35,915	30,616
Residential Portfolio Segment [Member] | Junior Lien [Member]
Allowance for loan losses
Beginning ALLL	14	19	16	66
Charge-Offs			(57)
Recoveries	6	2	19	72
Provision (Credit)	(7)	(3)	35	(120)
Ending ALLL	13	18	13	18
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Allowance for loan losses
Beginning ALLL	4,223	2,783	3,666	2,297
Charge-Offs	(261)	(729)	(591)	(1,027)
Recoveries	59	4	128	25
Provision (Credit)	323	972	1,141	1,735
Ending ALLL	4,344	3,030	4,344	3,030
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Allowance for loan losses
Beginning ALLL	211	223	233	86
Charge-Offs			(23)	(91)
Recoveries	2	3	61	11
Provision (Credit)	16	(2)	(42)	218
Ending ALLL	229	224	229	224
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Allowance for loan losses
Beginning ALLL	11,606	11,639	11,192	11,813
Charge-Offs
Recoveries
Provision (Credit)	(360)	204	54	30
Ending ALLL	11,246	11,843	11,246	11,843
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Allowance for loan losses
Beginning ALLL	2,147	1,733	1,774	1,679
Charge-Offs	(30)		(30)
Recoveries
Provision (Credit)	153	90	526	144
Ending ALLL	2,270	1,823	2,270	1,823
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Allowance for loan losses
Beginning ALLL	11,727	9,621	10,909	7,590
Charge-Offs				(258)
Recoveries	1	2	23	8
Provision (Credit)	229	231	1,025	2,514
Ending ALLL	11,957	9,854	11,957	9,854
Commercial Portfolio Segment [Member] | Lease Financing [Member]
Allowance for loan losses
Beginning ALLL	178
Charge-Offs
Recoveries
Provision (Credit)	97		275
Ending ALLL	275		275
Commercial Portfolio Segment [Member] | Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL	2	2	2	2
Charge-Offs
Recoveries
Provision (Credit)
Ending ALLL	2	2	2	2
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Allowance for loan losses
Beginning ALLL	1	1	9	2
Charge-Offs
Recoveries
Provision (Credit)		3	(8)	2
Ending ALLL	1	4	1	4
Consumer and Other [Member]
Allowance for loan losses
Beginning ALLL	309	247	243	112
Charge-Offs	(24)	(4)	(62)	(5)
Recoveries	2	11	3	12
Provision (Credit)	56	(8)	159	131
Ending ALLL	343	250	343	250
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Allowance for loan losses
Beginning ALLL	5,333	2,951	4,164	2,209
Charge-Offs		(4)	(25)	(7)
Recoveries	9	8	61	20
Provision (Credit)	(107)	613	1,035	1,346
Ending ALLL	$ 5,235	$ 3,568	$ 5,235	$ 3,568

LOANS (Schedule of Loans Modifi

LOANS (Schedule of Loans Modified as Troubled Debt Restructurings) (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)N	Sep. 30, 2017USD ($)N	Sep. 30, 2016USD ($)N
Number of Contracts | N	1	5	9
Pre-Modification Outstanding Recorded Investment	$ 368	$ 1,148	$ 5,069
Post-Modification Outstanding Recorded Investment	$ 368	$ 1,148	$ 5,069
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Number of Contracts | N	1	5	7
Pre-Modification Outstanding Recorded Investment	$ 368	$ 1,148	$ 4,924
Post-Modification Outstanding Recorded Investment	$ 368	$ 1,148	$ 4,924
Residential Portfolio Segment [Member] | Junior Lien on Residence [Member]
Number of Contracts | N			1
Pre-Modification Outstanding Recorded Investment			$ 66
Post-Modification Outstanding Recorded Investment			$ 66
Residential Portfolio Segment [Member] | Investment commercial real estate [Member]
Number of Contracts | N			1
Pre-Modification Outstanding Recorded Investment			$ 79
Post-Modification Outstanding Recorded Investment			$ 79

DEPOSITS (Details of Total Depo

DEPOSITS (Details of Total Deposits) (Details) - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
Deposits:
Time deposits over $250,000		$ 158,900	$ 118,700
Deposits:
Noninterest-bearing demand deposits		557,117	489,485
Interest-bearing deposits checking	[1]	1,144,714	1,023,081
Savings		121,830	120,056
Money market		1,046,997	1,048,494
Certificates of deposit		528,251	457,000
Subtotal deposits		3,398,909	3,138,116
Interest-bearing demand - Brokered		180,000	180,000
Certificates of deposit - Brokered		83,788	93,721
Total deposits		3,662,697	3,411,837
Reciprocal balances		$ 373,700	$ 393,000
%
Noninterest-bearing demand deposits		15.21%	14.35%
Interest-bearing checking		31.25%	29.99%
Savings		3.33%	3.52%
Money market		28.59%	30.73%
Certificates of deposit		14.42%	13.39%
Subtotal deposits		92.80%	91.98%
Interest-bearing demand - Brokered		4.91%	5.27%
Certificates of deposit - Brokered		2.29%	2.75%
Total deposits		100.00%	100.00%
[1]	Interest-bearing checking includes $373.7 million at September 30, 2017 and $393.0 million at December 31, 2016 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.

DEPOSITS (Scheduled Maturities

DEPOSITS (Scheduled Maturities of Time Deposits) (Details) $ in Thousands	Sep. 30, 2017USD ($)
Scheduled maturities of time deposits
2,017	$ 56,898
2,018	316,436
2,019	102,167
2,020	39,510
2,021	13,858
Over 5 Years	83,710
Total	$ 612,039

FEDERAL HOME LOAN BANK ADVANC53

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Advances from Federal Home Loan Banks	$ 49,898	$ 61,795
FHLB interest rate	2.14%	2.02%
Advances with fixed maturity dates	$ 37,900	$ 49,800
Weighted average interest rate on fixed maturity advances	1.87%	1.78%
Residential mortgages pledged as collateral for advances	$ 509,000	$ 468,300
Multifamily mortgage loans pledged as collateral for advances	939,800	1,200,000
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	$ 12,900
Unused commitments from FHLB	1,200,000
Unused short-term or overnight borrowings from correspondent banks	22,000
Unused short-term or overnight borrowings from FRB	$ 728,200

FEDERAL HOME LOAN BANK ADVANC54

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Schedule of Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Federal Home Loan Bank Advances Maturities Summary
2,017	$ 12,000
2,018	34,898
2,019	3,000
2,020
2,021
Over 5 years
Total	$ 49,898	$ 61,795

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)segments	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Number of Operating Segments | segments			2
Net interest income	$ 29,992	$ 24,269	$ 82,555	$ 71,855
Noninterest income	8,831	7,535	24,021	21,246
Total income	38,823	31,804	106,576	93,101
Provision for loan and lease losses	400	2,100	4,200	6,000
Compensation and benefits	13,996	11,515	38,660	33,523
Premises and equipment expense	2,945	2,736	8,794	8,342
Other noninterest expense	4,437	3,101	12,035	10,328
Total noninterest expense	22,361	20,266	65,560	62,147
INCOME BEFORE INCOME TAX EXPENSE	16,462	11,538	41,016	30,954
Income tax expense	6,256	4,422	14,888	11,785
NET INCOME	10,206	7,116	26,128	19,169
Total assets at period end	4,176,332	3,774,383	4,176,332	3,774,383	$ 3,878,633
Banking [Member]
Net interest income	28,687	23,194	78,372	67,962
Noninterest income	2,928	2,974	7,975	7,286
Total income	31,615	26,168	86,347	75,248
Provision for loan and lease losses	400	2,100	4,200	6,000
Compensation and benefits	10,992	9,138	30,792	26,744
Premises and equipment expense	2,619	2,484	7,891	7,583
Other noninterest expense	3,167	2,688	8,559	10,047
Total noninterest expense	17,178	16,410	51,442	50,374
INCOME BEFORE INCOME TAX EXPENSE	14,437	9,758	34,905	24,874
Income tax expense	5,474	3,738	12,670	9,470
NET INCOME	8,963	6,020	22,235	15,404
Total assets at period end	4,148,222	3,729,004	4,148,222	3,729,004
Wealth Management Division [Member]
Net interest income	1,305	1,075	4,183	3,893
Noninterest income	5,903	4,561	16,046	13,960
Total income	7,208	5,636	20,229	17,853
Provision for loan and lease losses
Compensation and benefits	3,004	2,377	7,868	6,779
Premises and equipment expense	326	252	903	759
Other noninterest expense	1,853	1,227	5,347	4,235
Total noninterest expense	5,183	3,856	14,118	11,773
INCOME BEFORE INCOME TAX EXPENSE	2,025	1,780	6,111	6,080
Income tax expense	782	684	2,218	2,315
NET INCOME	1,243	1,096	3,893	3,765
Total assets at period end	28,110	45,379	28,110	45,379
Segments [Member]
Other noninterest expense	$ 5,020	$ 3,915	$ 13,906	$ 14,282

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired collateral loans recorded investment	$ 2,600	$ 408
Impaired collateral loans valuation allowance	$ 523	$ 163
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	Sep. 30, 2017	Dec. 31, 2016
Securities available for sale	$ 315,112	$ 305,388
Loans held for sale, at fair value	2,240	1,200
U.S. Government-Sponsored Entities [Member]
Securities available for sale	36,475	21,517
Mortgage-Backed Securities-Residential [Member]
Securities available for sale	237,381	237,617
SBA Pool Securities [Member]
Securities available for sale	5,936	6,713
State and Political Subdivisions [Member]
Securities available for sale	24,510	28,993
Corporate Bond [Member]
Securities available for sale	3,094	3,113
Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,857	2,610
CRA Investment Fund [Member]
Securities available for sale	4,859	4,825
Recurring Basis [Member]
Loans held for sale, at fair value	2,240	1,200
Total	321,871	308,254
Derivatives	(4,240)	(2,410)
Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	36,475	21,517
Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	237,381	237,617
Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale	5,936	6,713
Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale	24,510	28,993
Recurring Basis [Member] | Corporate Bond [Member]
Securities available for sale	3,094	3,113
Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,857	2,610
Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale	4,859	4,825
Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives	383	123
Derivatives	(104)	(867)
Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	4,136	1,543
Derivatives	(4,136)	(1,543)
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member]
Loans held for sale, at fair value
Total	4,859	4,825
Derivatives
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Recurring Basis [Member] | CRA Investment Fund [Member]
Securities available for sale	4,859	4,825
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member]
Loans held for sale, at fair value	2,240	1,200
Total	317,012	303,429
Derivatives	(4,240)	(2,410)
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | U.S. Government-Sponsored Entities [Member]
Securities available for sale	36,475	21,517
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Mortgage-Backed Securities-Residential [Member]
Securities available for sale	237,381	237,617
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | SBA Pool Securities [Member]
Securities available for sale	5,936	6,713
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | State and Political Subdivisions [Member]
Securities available for sale	24,510	28,993
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Corporate Bond [Member]
Securities available for sale	3,094	3,113
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Single-Issuer Trust Preferred Security [Member]
Securities available for sale	2,857	2,610
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives	383	123
Derivatives	(104)	(867)
Significant Other Observable Inputs (Level 2) [Member] | Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	4,136	1,543
Derivatives	$ (4,136)	$ (1,543)

FAIR VALUE (Schedule of Residen

FAIR VALUE (Schedule of Residential Loans Held for Sale, at Fair Value) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Residential loans contractual balance	$ 2,214	$ 1,181
Fair value adjustment	26	19
Total fair value of residential loans held for sale	$ 2,240	$ 1,200

FAIR VALUE (Schedule of Asset59

FAIR VALUE (Schedule of Assets Measured on a Non-Recurring Basis) (Details) - Non-Recurring Basis [Member] - Commercial Real Estate Portfolio Segment [Member] - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Investment Property [Member]
Impaired loans	$ 239	$ 245
Primary Residential Mortgages [Member]
Impaired loans	1,828
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Investment Property [Member]
Impaired loans
Quoted Prices in Active Market For Identical Assets (Level 1) [Member] | Primary Residential Mortgages [Member]
Impaired loans
Significant Other Observable Inputs (Level 2) [Member] | Investment Property [Member]
Impaired loans
Significant Other Observable Inputs (Level 2) [Member] | Primary Residential Mortgages [Member]
Impaired loans
Significant Unobservable Inputs (Level 3) [Member] | Investment Property [Member]
Impaired loans	239	$ 245
Significant Unobservable Inputs (Level 3) [Member] | Primary Residential Mortgages [Member]
Impaired loans	$ 1,828

FAIR VALUE (Schedule of Financi

FAIR VALUE (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financial Assets:
Securities available for sale	$ 315,112	$ 305,388
FHLB and FRB Stock	13,589	13,813
Loans held for sale, at fair value	2,240	1,200
Loans held for sale, at lower of cost or fair value		388
Accrued interest receivable	6,803	8,153
Financial Liabilities:
Federal home loan bank advances	49,898	61,795
Carrying Value [Member]
Financial Assets:
Cash and cash equivalents	93,340	162,691
Securities available for sale	315,112	305,388
FHLB and FRB Stock	13,589	13,813
Loans held for sale, at fair value	2,240	1,200
Loans held for sale, at lower of cost or fair value		388
Loans, net of allowance for loan and lease losses	3,631,282	3,279,936
Accrued interest receivable	6,803	8,153
Financial Liabilities:
Deposits	3,662,697	3,411,837
Federal home loan bank advances	49,898	61,795
Subordinated debt	48,862	48,764
Accrued interest payable	2,019	1,127
Carrying Value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	383	123
Financial Liabilities:
Derivatives	104	867
Carrying Value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	4,136	1,543
Financial Liabilities:
Derivatives	4,136	1,543
Fair value [Member]
Financial Assets:
Cash and cash equivalents	93,340	162,691
Securities available for sale	315,112	305,388
FHLB and FRB Stock
Loans held for sale, at fair value	2,240	1,200
Loans held for sale, at lower of cost or fair value		428
Loans, net of allowance for loan and lease losses	3,613,704	3,256,837
Accrued interest receivable	6,803	8,153
Financial Liabilities:
Deposits	3,662,539	3,410,448
Federal home loan bank advances	50,044	62,286
Subordinated debt	48,862	48,768
Accrued interest payable	2,019	1,127
Fair value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	383	123
Financial Liabilities:
Derivatives	104	867
Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	4,136	1,543
Financial Liabilities:
Derivatives	4,136	1,543
Fair value [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	93,340	162,691
Securities available for sale	4,859	4,825
FHLB and FRB Stock
Loans held for sale, at fair value
Loans held for sale, at lower of cost or fair value
Loans, net of allowance for loan and lease losses
Accrued interest receivable
Financial Liabilities:
Deposits	3,050,658	2,861,116
Federal home loan bank advances
Subordinated debt
Accrued interest payable	151	161
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Cash and cash equivalents
Securities available for sale	310,253	300,563
FHLB and FRB Stock
Loans held for sale, at fair value	2,240	1,200
Loans held for sale, at lower of cost or fair value		428
Loans, net of allowance for loan and lease losses
Accrued interest receivable	1,106	899
Derivatives		123
Financial Liabilities:
Deposits	611,881	549,332
Federal home loan bank advances	50,044	62,286
Subordinated debt
Accrued interest payable	1,118	966
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	383	123
Financial Liabilities:
Derivatives	104	867
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	4,136	1,543
Financial Liabilities:
Derivatives	4,136	1,543
Fair value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Cash and cash equivalents
Securities available for sale
FHLB and FRB Stock
Loans held for sale, at fair value
Loans held for sale, at lower of cost or fair value
Loans, net of allowance for loan and lease losses	3,613,704	3,256,837
Accrued interest receivable	5,697	7,254
Financial Liabilities:
Deposits
Federal home loan bank advances
Subordinated debt	48,862	48,768
Accrued interest payable	$ 750

OTHER OPERATING EXPENSES (Detai

OTHER OPERATING EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other operating expenses
Wealth management division other expense	$ 533	$ 490	$ 1,865	$ 1,593
Professional and legal fees	1,452	801	3,100	2,544
Other operating expenses	2,452	1,810	7,070	6,191
Total other operating expenses	$ 4,437	$ 3,101	$ 12,035	$ 10,328

ACCUMULATED OTHER COMPREHENSI62

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Accumulated Other Comprehensive Income Balances, Net of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			$ 324,210
Total other comprehensive income/(loss)	$ 193	$ 726	1,186	$ (1,398)
Balance	379,936		379,936
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(572)	1,224	(1,091)	408
Other Comprehensive Income/(Loss) Before Reclassifications	62	(215)	581	676
Amount Reclassified From Accumulated Other Comprehensive Loss				(75)
Total other comprehensive income/(loss)	62	(215)	581	601
Balance	(510)	1,009	(510)	1,009
Gains/(Losses) on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	34	(3,727)	(440)	(787)
Other Comprehensive Income/(Loss) Before Reclassifications	131	941	605	(1,999)
Amount Reclassified From Accumulated Other Comprehensive Loss
Total other comprehensive income/(loss)	131	941	605	(1,999)
Balance	165	(2,786)	165	(2,786)
Accumulated Other Comprehensive Income/(Loss), Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(538)	(2,503)	(1,531)	(379)
Other Comprehensive Income/(Loss) Before Reclassifications	193	726	1,186	(1,323)
Amount Reclassified From Accumulated Other Comprehensive Loss				(75)
Total other comprehensive income/(loss)	193	726	1,186	(1,398)
Balance	$ (345)	$ (1,777)	$ (345)	$ (1,777)

ACCUMULATED OTHER COMPREHENSI63

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Securities gains, net				$ 119
Income tax expense	(6,256)	$ (4,422)	(14,888)	(11,785)
Net income	10,206	7,116	26,128	19,169
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense				(44)
Net income				75
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				$ 119

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)N	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)N	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)N
Derivative [Line Items]
Interest expense	$ 7,499	$ 5,575	$ 19,733	$ 14,922
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	1.30%		1.30%		0.58%
Weighted average maturity			2 years 6 months		3 years 3 months
Unrealized loss			$ 279		$ (744)
Number of contracts | N	9		9		9
Interest expense	$ 150	494	$ 763	1,500
Amount of Gain/(Loss) Recognized In OCI (Effective Portion)	131	941	605	(1,999)
Amount of Gain/(Loss) Reclassified From OCI to Interest Expense
Amount of Gain/(Loss) Recognized in Other Non-Interest Expense (Ineffective Portion)
Fair Value	279		279		$ (744)
Loan Level Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 315,689		$ 315,689		$ 126,810
Weighted average pay rate	4.10%		4.10%		3.75%
Weighted average receive rate	3.27%		3.27%		2.65%
Weighted average maturity			7 years 8 months 12 days		9 years 4 months 24 days
Number of contracts | N	41		41		14
Fair Value	$ 4,136		$ 4,136		$ 1,543
Other Assets [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	110,000		110,000		30,000
Fair Value	383		383		123
Other Liabilities [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	70,000		70,000		150,000
Fair Value	$ (104)		$ (104)		$ (867)

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) $ in Millions	1 Months Ended
	Jun. 30, 2016USD ($)
Subordinated Debt [Member]
Debt Instrument [Line Items]
Principal amount	$ 50
Non-callable term	5 years
Notes maturity date	Jun. 30, 2026
Fixed interest rate	6.00%
LIBOR spread	4.85%
Debt issuance costs	$ 1.3
Parent Company [Member]
Debt Instrument [Line Items]
Net proceeds used to contribute to the Bank	40
Proceeds from debt retained by parent	$ 9

RECENT ACCOUNTING PRONOUNCEME66

RECENT ACCOUNTING PRONOUNCEMENTS (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Business Combinations [Abstract]
Income tax benefit	$ 792

ACQUISITION (Details)

ACQUISITION (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Business Combinations [Abstract]
Purchase price included cash and common stock	$ 2,000

DEFINITIVE AGREEMENT (Details)

DEFINITIVE AGREEMENT (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Gladstone [Member]
Business Acquisition [Line Items]
Proceeds from Issuance of common stock	$ 3,100