Peapack-Gladstone Financial (PGC) 10-K 14 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Mar. 01, 2019	Jun. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	PEAPACK GLADSTONE FINANCIAL CORP
Entity Central Index Key	0001050743
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Public Float			$ 632
Entity Common Stock, Shares Outstanding		19,349,230
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018
Trading Symbol	PGC

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 5,914	$ 4,415
Federal funds sold	101	101
Interest-earning deposits	154,758	108,931
Total cash and cash equivalents	160,773	113,447
Securities available for sale	377,936	327,633
Equity security, at fair value	4,719
FHLB and FRB stock, at cost	18,533	13,378
Loans held for sale, at fair value	1,576	984
Loans held for sale, at lower of cost or fair value	3,542	187
Loans	3,927,931	3,704,440
Less: allowance for loan losses	38,504	36,440
Net loans	3,889,427	3,668,000
Premises and equipment	27,408	29,476
Other real estate owned		2,090
Accrued interest receivable	10,814	9,452
Bank owned life insurance	45,353	44,586
Deferred tax assets, net		552
Goodwill	24,417	17,107
Other intangible assets	7,982	6,729
Other assets	45,378	26,926
Total assets	4,617,858	4,260,547
Deposits:
Noninterest-bearing demand deposits	463,926	539,304
Interest-bearing deposits:
Checking	1,247,305	1,152,483
Savings	114,674	119,556
Money market accounts	1,243,369	1,091,385
Certificates of deposit - retail	510,724	344,652
Certificates of deposit - listing service	79,195	198,383
Subtotal deposits	3,659,193	3,445,763
Interest-bearing demand – Brokered	180,000	180,000
Certificates of deposit - Brokered	56,147	72,591
Total deposits	3,895,340	3,698,354
FHLB advances	108,000	37,898
Capital lease obligation	8,362	9,072
Subordinated debt, net	83,193	83,024
Deferred tax liabilities, net	16,029
Accrued expenses and other liabilities	37,921	28,521
Total liabilities	4,148,845	3,856,869
SHAREHOLDERS’ EQUITY
Preferred stock (no par value; authorized 500,000 shares)
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 19,745,840 at December 31, 2018 and 19,027,812 at December 31, 2017; outstanding shares, 19,337,662 at December 31, 2018 and 18,619,634 at December 31, 2017)	16,459	15,858
Surplus	309,088	283,552
Treasury stock at cost (408,178 shares at both December 31, 2018 and 2017)	(8,988)	(8,988)
Retained earnings	154,799	114,468
Accumulated other comprehensive loss	(2,345)	(1,212)
Total shareholders’ equity	469,013	403,678
Total liabilities and shareholders’ equity	$ 4,617,858	$ 4,260,547

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	500,000	500,000
Common stock, stated value	$ 0.83	$ 0.83
Common stock, shares authorized	42,000,000	42,000,000
Common stock, shares issued	19,745,840	19,027,812
Common stock, shares outstanding	19,337,662	18,619,634
Treasury stock, shares	408,178	408,178

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
INTEREST INCOME
Loans, including fees	$ 148,576	$ 130,971	$ 111,971
Securities available for sale:
Taxable	8,903	6,271	4,018
Tax-exempt	401	464	508
Interest-earning deposits	1,806	1,021	551
Total interest income	159,686	138,727	117,048
INTEREST EXPENSE
Checking accounts	8,125	4,229	2,146
Savings and money market accounts	12,806	6,375	3,244
Certificates of deposit	9,938	7,118	6,270
Overnight and short-term borrowings	2,155	220	316
Federal Home Loan Bank advances	1,451	1,143	1,448
Capital lease obligation	418	451	478
Subordinated debt	4,887	3,206	1,696
Subtotal – interest expense	39,780	22,742	15,598
Interest-bearing demand - brokered	3,135	2,934	3,020
Interest on certificates of deposits – brokered	1,608	1,910	1,995
Total interest expense	44,523	27,586	20,613
Net interest income before provision for loan and lease losses	115,163	111,141	96,435
Provision for loan and lease losses	3,550	5,850	7,500
Net interest income after provision for loan and lease losses	111,613	105,291	88,935
OTHER INCOME
Wealth management fee income	33,245	23,183	18,240
Service charges and fees	3,502	3,239	3,252
Bank owned life insurance	1,381	1,356	1,407
Gain on loans held for sale at fair value (mortgage banking)	334	401	1,010
(Loss)/gain on loans held for sale at lower of cost or fair value	(4,392)	412	1,233
Fee income related to loan level, back-to-back swaps	3,844	2,814	1,638
Gain on sale of SBA loans	1,636	1,564	623
Other income	5,036	1,658	1,396
Securities (losses)/gains, net	(393)		119
Total other income	44,193	34,627	28,918
OPERATING EXPENSES
Compensation and employee benefits	62,802	53,956	45,003
Premises and equipment	13,497	11,988	11,245
FDIC insurance expense	2,443	2,366	4,758
Other operating expenses	19,344	17,301	14,106
Total operating expenses	98,086	85,611	75,112
Income before income tax expense	57,720	54,307	42,741
Income tax expense	13,550	17,810	16,264
Net income	$ 44,170	$ 36,497	$ 26,477
EARNINGS PER SHARE
Basic	$ 2.33	$ 2.07	$ 1.62
Diluted	$ 2.31	$ 2.03	$ 1.60

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 44,170	$ 36,497	$ 26,477
Unrealized losses on available for sale securities:
Unrealized losses arising during the period	(1,462)	(1,169)	(2,310)
Less: Reclassification adjustment for net losses/(gains) included in net income	288		(119)
Before tax	(1,174)	(1,169)	(2,429)
Tax effect	255	438	930
Net of tax	(919)	(731)	(1,499)
Unrealized (loss)/gain on cash flow hedge
Unrealized holding (loss)/gain	(328)	2,138	587
Reclassification adjustment for losses included in net income	(124)
Before tax	(452)	2,138	587
Tax effect	111	(873)	(240)
Net of tax	(341)	1,265	347
Total other comprehensive (loss)/income	(1,260)	534	(1,152)
Total comprehensive income	$ 42,910	$ 37,031	$ 25,325

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Surplus [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2015	$ 275,676	$ 13,717	$ 213,203	$ (8,988)	$ 58,123	$ (379)
Net income	26,477				26,477
Other comprehensive income (loss)	(1,152)					(1,152)
Restricted stock awards forfeitures		(10)	10
Restricted stock units/awards repurchased on vesting to pay taxes	(554)	(24)	(530)
Amortization of restricted stock awards/units	2,836		2,836
Cash dividends declared on common stock	(3,296)				(3,296)
Common stock option expense	56		56
Common stock options exercised and related tax benefits	1,069	59	1,010
Sales of shares (dividend reinvestment program)	22,461	948	21,513
Issuance of shares for Employee Stock Purchase Plan	637	27	610
Balance at Dec. 31, 2016	324,210	14,717	238,708	(8,988)	81,304	(1,531)
Net income	36,497				36,497
Other comprehensive income (loss)	534					534
Restricted stock units issued		62	(62)
Restricted stock awards forfeitures		(1)	1
Restricted stock units/awards repurchased on vesting to pay taxes	(1,826)	(49)	(1,777)
Amortization of restricted stock awards/units	3,741		3,741
Cash dividends declared on common stock	(3,548)				(3,548)
Common stock option expense	6		6
Common stock options exercised and related tax benefits	690	42	648
Sales of shares (dividend reinvestment program)	36,588	1,004	35,584
Issuance of shares for Employee Stock Purchase Plan	797	21	776
Issuance of shares for Employee’s Savings and Investment plan	889	25	864
Issuance of common stock for acquisition	1,500	37	1,463
Issuance of stock offering net of costs	3,600		3,600
Reclassification of certain deferred tax effects					215	(215)
Balance at Dec. 31, 2017	403,678	15,858	283,552	(8,988)	114,468	(1,212)
Net income	44,170				44,170
Other comprehensive income (loss)	(1,260)					(1,260)
Cumulative effect adjustment for adoption of ASU 2016-01					(127)	127
Restricted stock units issued		76	(76)
Restricted stock awards forfeitures		(78)	78
Restricted stock units/awards repurchased on vesting to pay taxes	(1,540)	(38)	(1,502)
Amortization of restricted stock awards/units	4,445		4,445
Cash dividends declared on common stock	(3,712)				(3,712)
Common stock options exercised and related tax benefits	275	19	256
Sales of shares (dividend reinvestment program)	16,677	452	16,225
Issuance of shares for Employee Stock Purchase Plan	958	24	934
Issuance of shares for Employee’s Savings and Investment plan	1,039	29	1,010
Issuance of common stock for acquisition	4,283	117	4,166
Balance at Dec. 31, 2018	$ 469,013	$ 16,459	$ 309,088	$ (8,988)	$ 154,799	$ (2,345)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shares outstanding	18,619,634
Cash dividends declared on common stock, per share	$ 0.20	$ 0.20	$ 0.20
Common stock options exercised and related tax benefits, shares	23,148
Issuance of shares for Employee Stock Purchase Plan, shares	29,273	25,404	32,190
Shares outstanding	19,337,662	18,619,634
Common Stock [Member]
Shares outstanding	18,619,634	17,257,995	16,068,119
Restricted stock units issued, shares	90,771	74,936
Restricted stock awards forfeitures, shares	(94,034)	(479)	(12,133)
Restricted stock repurchased on vesting to pay taxes, shares	(45,404)	(58,598)	(29,088)
Common stock options exercised and related tax benefits, shares	23,148	50,473	70,632
Common stock options exercised, used to exercise, shares	2,374	8,764	9,723
Common stock options exercised, net of shares used to exercise, shares	20,774	41,709	60,909
Sales of shares (Dividend Reinvestment Program), shares	542,302	1,204,710	1,137,998
Issuance of shares for Employee Stock Purchase Plan, shares	29,273	25,404	32,190
Issuance of shares for Employee's Savings and Investment plan, shares	34,449	30,123
Issuance of common stock for acquisition, shares	139,897	43,834
Shares outstanding	19,337,662	18,619,634	17,257,995

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Net income		$ 44,170	$ 36,497	$ 26,477
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		3,127	3,275	3,093
Amortization of premium and accretion of discount on securities, net		1,399	1,697	1,478
Amortization of restricted stock		4,445	3,741	2,836
Amortization of intangible assets		1,187	321	124
Amortization of subordinated debt costs		169	135	71
Provision for loan losses		3,550	5,850	7,500
Valuation allowance on other real estate owned		232
Stock-based compensation and employee stock purchase plan expense		189	122	156
Deferred tax expense		17,042	14,118	952
Fair value adjustment for equity security		105
Loss/(gain) on sale of securities, available for sale, net		288		(119)
Proceeds from sales of loans held for sale	[1]	44,483	45,763	72,477
Loans originated for sale	[1]	(44,075)	(43,381)	(70,874)
Gain on loans held for sale	[1]	(1,970)	(1,965)	(1,633)
Loss/(gain) on sale of loans held for sale at lower of cost or fair value		4,392	(412)	(1,233)
Loss/(gain) on sale of other real estate owned		58		(5)
Gain on death benefit		(3,000)	(62)
Increase in cash surrender value of life insurance, net of split dollar liability		(767)	(818)	(921)
Increase in accrued interest receivable		(1,362)	(1,299)	(1,333)
(Increase)/decrease in other assets		(8,485)	(9,977)	945
(Decrease)/increase in accrued expenses and other liabilities		(929)	2,330	2,935
Net cash provided by operating activities		64,248	55,935	42,926
Investing activities:
Principal repayments, maturities and calls of securities available for sale		79,313	66,450	67,999
Redemptions for FHLB & FRB stock		87,602	40,561	61,606
Sales of securities available for sale		19,542		5,499
Purchase of securities available for sale		(156,893)	(91,561)	(187,043)
Purchase of FHLB & FRB stock		(92,758)	(40,126)	(61,435)
Proceeds from sale of loans held for sale at lower of cost or fair value		126,898	109,454	201,681
Net increase in loans, net of participations sold		(358,652)	(505,046)	(518,832)
Sales of other real estate owned		1,800	534	568
Purchases of premises and equipment		(1,059)	(2,380)	(3,218)
Purchase of wealth management company		(3,500)	(13,500)
Proceeds from death benefit			100
Net cash used in investing activities		(297,707)	(435,514)	(433,175)
Financing activities:
Net increase in deposits		196,986	286,517	476,367
Net decrease in overnight borrowings				(40,700)
Proceeds from FHLB advances		105,000
Repayments of FHLB advances		(34,898)	(23,897)	(21,897)
Dividends paid on common stock		(3,712)	(3,548)	(3,296)
Exercise of stock options, net stock swaps		275	690	1,069
Restricted stock repurchased on vesting to pay taxes		(1,540)	(1,826)	(554)
Proceeds from issuance of subordinated debt			34,125	48,693
Sale of common shares (Dividend Reinvestment Program)		16,677	36,588	22,461
Issuance of shares for employee’s savings and investment plan		1,039	889
Issuance of shares for employee stock purchase plan		958	797	637
Net cash provided by financing activities		280,785	330,335	482,780
Net increase/(decrease) in cash and cash equivalents		47,326	(49,244)	92,531
Cash and cash equivalents at beginning of year		113,447	162,691	70,160
Cash and cash equivalents at end of year		160,773	113,447	162,691
Cash paid during the year for:
Interest		42,768	26,506	19,965
Income taxes, net		3,605	11,597	14,870
Transfer of loans to loans held for sale		137,317		182,694
Transfer of loans held for sale to loan portfolio				30,121
Transfer of loans to other real estate owned			2,090	$ 534
Acquisitions (Note 19)
Goodwill		7,310	15,534
Customer relationship & other intangibles		$ 2,440	$ 5,466
[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	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Organization: The consolidated financial statements of the Company are prepared on the accrual basis and include the accounts of the Company and its wholly-owned subsidiary, Peapack-Gladstone Bank (the “Bank”). The consolidated financial statements also include the Bank’s wholly-owned subsidiaries, PGB Trust & Investments of Delaware, Peapack Capital Corporation (formed in the second quarter of 2017), Murphy Capital Management (“MCM”) (acquired in the third quarter of 2017), Quadrant Capital Management (“Quadrant”) (acquired in the fourth quarter of 2017), Lassus Wherley and Associates (“Lassus Wherley”) (acquired in the third quarter of 2018), Peapack-Gladstone Mortgage Group, Inc. and Peapack-Gladstone Mortgage Group’s wholly-owned subsidiary, PG Investment Company of Delaware, Inc. and its wholly-owned subsidiary, Peapack-Gladstone Realty, Inc., a New Jersey real estate investment company. While the following footnotes include the collective results of the Company and the Bank, these footnotes primarily reflect the Bank’s and its subsidiaries’ activities. All significant intercompany balances and transactions have been eliminated from the accompanying consolidated financial statements. Business: The Bank is a commercial bank that provides innovative private banking services to businesses, non-profits and consumers. Wealth management services are also provided through its subsidiaries, PGB Trust & Investments of Delaware, MCM, Quadrant and Lassus Wherley. The Bank is subject to competition from other financial institutions, is regulated by certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation : The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles. In preparing the financial statements, Management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the statement of condition and revenues and expenses for that period. Actual results could differ from those estimates. Segment Information : The Company’s business is conducted through two business segments: its banking subsidiary, which involves the delivery of loan and deposit products to customers, and the Private Wealth Management Division, which includes asset management services provided for individuals and institutions. Management uses certain methodologies to allocate income and expense to the business segments. The Banking segment includes commercial (includes C&I and equipment financing), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; operation of ATMs; telephone and internet banking services; merchant credit card services and customer support sales. Peapack-Gladstone Bank’s Private Wealth Management Division includes: investment management services for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian and guardian; and other financial planning and advisory services. This segment also includes the activity from the Delaware subsidiary, PGB Trust and Investments of Delaware, MCM, QCM and Lassus Wherley. Wealth management fees are primarily earned over time as the Company provides the contracted monthly or quarterly services and are generally assessed based on a tiered scale of the market value of AUM at month-end. Fees that are transaction based, including trade execution services, are recognized at the point in time that the transaction is executed (i.e. trade date). Cash and Cash Equivalents: For purposes of the statements of cash flows, cash and cash equivalents include cash and due from banks, interest-earning deposits and federal funds sold. Generally, federal funds are sold for one-day periods. Cash equivalents are of original maturities of 90 days or less. Net cash flows are reported for customer loan and deposit transactions and overnight borrowings. Interest-Earning Deposits in Other Financial Institutions : Interest-earning deposits in other financial institutions mature within one year and are carried at cost. Securities : All debt securities are classified as available for sale and are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax, with the exception of the Company’s investment in a CRA investment fund, which is classified as an equity security. In accordance with ASU 2016-01, “Financial Instruments” (adopted January 1, 2018) unrealized holding gains and losses on equity securities are marked to market through the income statement. 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 are 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 is 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. Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) Stock: The Bank is a member of the FHLB system. Members are required to own a certain amount of FHLB stock, based on the level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security and periodically evaluated for impairment based on ultimate recovery of par value. Dividends are reported as income. The Bank is also a member of the Federal Reserve Bank of New York and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Dividends are reported as income. Loans Held for Sale: Mortgage loans originated with the intent to sell in the secondary market are carried at fair value, as determined by outstanding commitments from investors. Mortgage loans held for sale are generally sold with servicing rights released; therefore, no servicing rights are recorded. Gains and losses on sales of mortgage loans, shown as gain on sale of loans on the Statement of Income, are based on the difference between the selling price and the carrying value of the related loan sold. 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 $35.1 million and $20.1 million as of December 31, 2018 and 2017, respectively. SBA loans held for sale totaled $1.2 million and $187 thousand as of December 31, 2018 and 2017, respectively. The servicing asset recorded was not material. 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 that Management has the intent and ability to hold for the foreseeable future or until maturity are stated at the principal amount outstanding. Interest on loans is recognized based upon the principal amount outstanding. Loans are stated at face value, less purchased premium and discounts and net deferred fees. Loan origination fees and certain direct loan origination costs are deferred and recognized on a level-yield method, over the life of the loan as an adjustment to the loan’s yield. The definition of recorded investment in loans includes accrued interest receivable and deferred fees/cost, however, for the Company’s loan disclosures, accrued interest and deferred fees/costs was excluded as the impact was not material. Loans are considered past due when they are not paid within 30 days 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 consecutive 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 New Jersey and New York. Allowance for Loan Losses: The allowance for loan and lease losses is a valuation allowance for credit losses that is Management’s estimate of inherent losses in the loan portfolio. The process to determine reserves utilizes analytic tools and Management judgment and is reviewed on a quarterly basis. When Management is reasonably certain that a loan balance is not fully collectable, an impairment analysis is completed whereby a specific reserve may be established or a full or partial charge off is recorded against the allowance. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the size and composition of the portfolio, information about specific borrower situations, estimated collateral values, economic conditions and other factors. Allocations of the allowance may be made for specific loans via a specific reserve, but the entire allowance is available for any loan that, in Management’s judgment, should be charged off. 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 Bank 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 staffing and experience; 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 both December 31, 2018 and December 31, 2017, the multiple was 2.25 times for non-impaired special mention loans and 3.5 times for non-impaired substandard 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 Asset risk in PCC’s portfolio is generally recognized through changes to loan income, or through changes to lease related income streams due to fluctuations in lease rates. Changes to lease income can occur when the existing lease contract expires, the asset comes off lease or the business seeks to enter a new lease agreement. Asset risk may also change depreciation, resulting from changes in the residual value of the operating lease asset or through impairment of the asset carrying value, which can occur at any time during the life of the asset. Credit risk in PCC’s portfolio generally results from the potential default of borrowers or lessees, which may be driven by customer specific or broader industry related conditions. Credit losses can impact multiple parts of the income statement including loss of interest/lease/rental income and/or via higher costs and expenses related to the repossession, refurbishment, re-marketing and or re-leasing of assets. Consumer and Other Premises and Equipment: Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation charges are computed using the straight-line method. Equipment and other fixed assets are depreciated over the estimated useful lives, which range from three to ten years. Premises are depreciated over the estimated useful life of 40 years, while leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the term of the lease. Expenditures for maintenance and repairs are expensed as incurred. The cost of major renewals and improvements are capitalized. Gains or losses realized on routine dispositions are recorded as other income or other expense. Other Real Estate Owned (OREO): OREO acquired through foreclosure on loans secured by real estate is initially recorded at fair value, less estimated costs to sell. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The assets are subsequently accounted for at the lower of cost or fair value, as established by a current appraisal, less estimated costs to sell. Any write-downs at the date of foreclosure are charged to the allowance for loan losses. Expenses incurred to maintain these properties, losses resulting from write-downs after the date of foreclosure, and realized gains and losses upon sale of the properties are included in other noninterest expense and other noninterest income, as appropriate. Bank Owned Life Insurance (BOLI): The Bank has purchased life insurance policies on certain key executives. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Derivatives: At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), or (3) an instrument with no hedging designation. For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. Income Taxes: The Company files a consolidated Federal income tax return. Separate state income tax returns are filed for each subsidiary based on current laws and regulations. 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 2014 or by state and local tax authorities for years prior to 2013. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. Employee’s Savings and Investment Plan: The Company has a 401(k) profit-sharing and investment plan, which covers substantially all salaried employees over the age of 21 with at least 12 months of service. The Company made contributions of $1.0 million and $889 thousand in Company common stock during 2018 and 2017. Stock-Based Compensation: Compensation cost is recognized for stock options and restricted stock awards/units issued to employees and non-employee directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the fair value of the Company’s common stock at the date of grant is used for restricted stock awards/units. Compensation expense is recognized over the required service or performance period, generally defined as the vesting period. For awards with graded vesting, compensation expense is recognized on a straight-line basis over the requisite service period. The stock options granted under these plans are exercisable at a price equal to the fair value of common stock on the date of grant and expire not more than ten years after the date of grant. Employee Stock Purchase Plan (“ESPP”): On April 22, 2014, the shareholders of the Company approved the 2014 ESPP. The ESPP provides for the granting of rights to purchase up to 150,000 shares of Peapack-Gladstone Financial Corporation common stock. Subject to certain eligibility requirements and restrictions, the ESPP allows employees to purchase shares during four three-month offering periods (“Offering Period”). Each participant in the Offering Period is granted an option to purchase a number of shares and may contribute between one percent and 15 percent of their compensation. At the end of each Offering Period on the purchase date, the number of shares to be purchased by the employee is determined by dividing the employee’s contributions accumulated during the Offering Period by the applicable purchase price. The purchase price is an amount equal to 85 percent of the closing market price of a share of common stock on the purchase date. Participation in the ESPP is entirely voluntary and employees can cancel their purchases at any time during the period without penalty. The fair value of each share purchase right is determined using the Black-Scholes option pricing model. The Company recorded $189 thousand, $116 thousand and $100 thousand of expense in salaries and employee benefits expense for the twelve months ended December 31, 2018, 2017 and 2016. Total shares issued under the ESPP were 29,273, 25,404 and 32,190 during 2018, 2017 and 2016, respectively. Earnings Per Share (“EPS”): In calculating earnings per share, there are no adjustments to net income available to common shareholders, which is the numerator of both the Basic and Diluted EPS. The weighted average number of shares outstanding used in the denominator for Diluted EPS is increased over the denominator used for Basic EPS by the effect of potentially dilutive common stock equivalents utilizing the treasury stock method. Common stock options outstanding are common stock equivalents, as are restricted stock units until vested. Earnings and dividends per share are restated for all stock splits and stock dividends through the date of issuance of the financial statements. The following table shows the calculation of both basic and diluted earnings per share for the years ended December 31, 2018, 2017 and 2016: (In thousands, except share and per share data) 2018 2017 2016 Net income available to common shareholders $ 44,170 $ 36,497 $ 26,477 Basic weighted average shares outstanding 18,965,305 17,659,625 16,318,868 Plus: common stock equivalents 183,340 284,060 196,130 Diluted weighted average shares outstanding 19,148,645 17,943,685 16,514,998 Earnings per share: Basic $ 2.33 $ 2.07 $ 1.62 Diluted 2.31 2.03 1.60 As of December 31, 2018, restricted stock units totaling 257,422 were not included in the computation of diluted earnings per share because they were anti-dilutive. There were no stock options or restricted stock units excluded in the computation of diluted earnings per share for the year ended December 31, 2017 because they were all dilutive, meaning that the exercise price of the option was greater than the average market price for the period. Stock options totaling 2,479 shares were not included in the computation of diluted earnings per share in the year ended December 31, 2016, because they were considered anti-dilutive. Anti-dilutive shares are common stock equivalents with weighted average exercise prices in excess of the average market value for the periods presented. Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any such matters that will have a material effect on the financial statements. Restrictions on Cash: Cash on hand or on deposit with the Federal Reserve Bank of New York was required to meet regulatory reserve and clearing requirements. Comprehensive Income: Comprehensive income consists of net income and the change during the period in the Company’s net unrealized gains or losses on securities available for sale and unrealized gains and losses on cash flow hedge, net of tax, less adjustments for realized gains and losses. Equity: Stock dividends in excess of 20 percent are reported by transferring the par value of the stock issued from retained earnings to common stock. Stock dividends for 20 percent or less are reported by transferring the fair value, as of the ex-dividend date, of the stock issued from retained earnings to common stock and additional paid-in capital. Fractional share amounts are paid in cash with a reduction in retained earnings. Treasury stock is carried at cost. Transfers of Financial Assets: Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Goodwill and Other Intangible Assets: Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree (if any), over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exists that indicate that a goodwill impairment test should be performed. The Company has selected December 31 as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill and assembled workforce are the intangible asset with an indefinite life on our balance sheet. Other intangible assets primarily consist of customer relationship intangible assets arising from acquisition are amortized on an accelerated method over their estimated useful lives, which range from 5 to 15 years. Reclassification: Certain reclassifications have been made in the prior periods’ financial statements in order to conform to the 2018 presentation and had no effect on the consolidated income statements or the consolidated statements of changes in shareholders’ equity. New Accounting Policies: On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)” and all subsequent amendments to the ASU (collectively, “ASC 606”). The majority of the Company’s revenues come from interest income, income from bank owned life insurance, gains on sales of loans and securities and derivatives income that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 include wealth management fee income, investment brokerage fees, service charges and fees, sale of OREO and other income are presented within Non-Interest Income. Refer to footnote 8 “Revenue from Contracts with Customers” for further discussion on the Company’s accounting policies for revenue sources within the scope of ASC 606. The adoption of this guidance has not changed the recognition of our current revenue sources and did not have a material impact to the consolidated financial statements. 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

INVESTMENT SECURITIES AVAILABLE

INVESTMENT SECURITIES AVAILABLE FOR SALE	12 Months Ended
	Dec. 31, 2018
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 December 31, 2018 and 2017 follows: 2018 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 102,915 $ 82 $ (984 ) $ 102,013 Mortgage-backed securities-residential 254,383 418 (3,439 ) 251,362 SBA pool securities 3,883 — (44 ) 3,839 State and political subdivisions 17,729 27 (146 ) 17,610 Corporate bond 3,000 112 — 3,112 Total $ 381,910 $ 639 $ (4,613 ) $ 377,936 2017 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 44,476 $ — $ (775 ) $ 43,701 Mortgage-backed securities-residential 244,913 583 (2,380 ) 243,116 SBA pool securities 5,262 — (57 ) 5,205 State and political subdivisions 24,910 87 (129 ) 24,868 Corporate bond 3,000 82 — 3,082 Single-issuer trust preferred security 2,999 — (162 ) 2,837 CRA investment fund 5,000 — (176 ) 4,824 Total $ 330,560 $ 752 $ (3,679 ) $ 327,633 The amortized cost and fair value of investment securities available for sale as of December 31, 2018, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity, such as mortgage-backed securities, marketable equity securities are shown separately. Maturing in: (In thousands) Amortized Cost Fair Value One year or less $ 5,474 $ 5,476 After one year through five years 34,189 33,545 After five years through ten years 81,184 80,916 After ten years 2,797 2,798 123,644 122,735 Mortgage-backed securities-residential 254,383 251,362 SBA pool securities 3,883 3,839 Total $ 381,910 $ 377,936 Securities available for sale with a fair value of $337.1 million and $209.0 million as of December 31, 2018 and December 31, 2017, respectively, were pledged, but not necessarily encumbered, to secure public funds and for other purposes required or permitted by law. The following is a summary of the gross gains, gross losses and net tax expense related to proceeds on sales of securities available for sale for the years ended December 31: (In thousands) 2018 2017 2016 Proceeds on sales $ 19,542 $ — $ 5,499 Gross gains 45 — 133 Gross losses (333 ) — (14 ) Net tax (benefit)/expense (68 ) — 44 The following table presents the Company’s available for sale securities with continuous unrealized losses and the approximate fair value of these investments as of December 31, 2018 and 2017. 2018 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 $ 18,840 $ (103 ) $ 33,600 $ (881 ) $ 52,440 $ (984 ) Mortgage-backed securities-residential 51,697 (303 ) 136,130 (3,136 ) 187,827 (3,439 ) SBA pool securities — — 3,839 (44 ) 3,839 (44 ) State and political subdivisions 421 (1 ) 7,274 (145 ) 7,695 (146 ) Total $ 70,958 $ (407 ) $ 180,843 $ (4,206 ) $ 251,801 $ (4,613 ) 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 $ 32,166 $ (317 ) $ 11,535 $ (458 ) $ 43,701 $ (775 ) Mortgage-backed securities-residential 116,774 (1,000 ) 71,646 (1,380 ) 188,420 (2,380 ) SBA pool securities — — 5,205 (57 ) 5,205 (57 ) State and political subdivisions 5,628 (97 ) 3,760 (32 ) 9,388 (129 ) Single-issuer trust preferred security — — 2,837 (162 ) 2,837 (162 ) CRA investment fund — — 4,824 (176 ) 4,824 (176 ) Total $ 154,568 $ (1,414 ) $ 99,807 $ (2,265 ) $ 254,375 $ (3,679 ) Management believes that the unrealized losses on investment securities available for sale are temporary and due to interest rate fluctuations and/or volatile market conditions rather than the credit worthiness of the issuers. 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. No other-than-temporary impairment charges were recognized in 2018, 2017 or 2016. During the first quarter of 2018, the Company adopted ASU 2016-01 “Financial Instruments” which resulted in the reclassification of the Company’s investment in the CRA investment fund from available for sale to equity securities, which resulted in a loss of $281 thousand for the year ended December 31, 2018. This amount is included in securities losses on the Consolidated Statements of Income.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
LOANS	3. LOANS The following table presents loans outstanding, by type of loan, as of December 31: % of Total % of Total (Dollars in thousands) 2018 Loans 2017 Loans Residential mortgage $ 571,570 14.55 % $ 576,356 15.56 % Multifamily mortgage 1,135,805 28.92 1,388,958 37.49 Commercial mortgage 702,165 17.88 626,656 16.92 Commercial loans (including equipment financing) 1,397,057 35.57 958,294 25.87 Home equity lines of credit 62,191 1.58 67,497 1.82 Consumer loans, including fixed rate home equity loans 58,678 1.49 86,277 2.33 Other loans 465 0.01 402 0.01 Total loans $ 3,927,931 100.00 % $ 3,704,440 100.00 % 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 December 31: % of Total % of Total (Dollars in thousands) 2018 Loans 2017 Loans Primary residential mortgage $ 600,891 15.31 % $ 605,569 16.35 % Home equity lines of credit 62,191 1.58 67,497 1.82 Junior lien loan on residence 7,418 0.19 7,073 0.19 Multifamily property 1,135,805 28.94 1,388,958 37.51 Owner-occupied commercial real estate 261,193 6.65 253,492 6.85 Investment commercial real estate 1,001,918 25.53 874,098 23.61 Commercial and industrial 616,838 15.72 316,294 8.54 Lease financing 172,643 4.40 90,052 2.43 Farmland/Agricultural production 149 0.01 160 0.01 Commercial construction 86 0.01 92 0.01 Consumer and other 65,180 1.66 99,247 2.68 Total loans $ 3,924,312 100.00 % $ 3,702,532 100.00 % Net deferred costs 3,619 1,908 Total loans including net deferred costs $ 3,927,931 $ 3,704,440 Loans are transferred from the loan portfolio to held for sale when the Company no longer has the intent to hold the loans for the foreseeable future. The Company sold approximately $131.3 million in multifamily whole loans during 2018. Loss on sale of whole loans sold in 2018 totaled approximately $4.4 million. The Company sold approximately $109.9 million in residential and multifamily whole loans during 2017. Gain on sale of whole loans sold in 2017 totaled approximately $412 thousand. The Company sold approximately $234.8 million in multifamily loans during 2016. The loans sold in 2016 included both whole loan sales and loan participations. Gain on sale of whole loans sold in 2016 totaled approximately $1.2 million and none of the loans were sold at a loss. The Company, through the Bank, may extend credit to officers, directors or their associates. These loans are subject to the Company’s normal lending policy and Federal Reserve Bank Regulation O. The following table shows the changes in loans to officers, directors or their associates: (In thousands) 2018 2017 Balance, beginning of year $ 4,688 $ 4,788 New loans 2,174 511 Repayments (2,288 ) (611 ) Loans with individuals no longer considered related parties — — Balance, at end of year $ 4,574 $ 4,688 The following tables present the loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses (“ALLL”) as of December 31, 2018 and 2017: December 31, 2018 Total Ending ALLL Total Ending ALLL Loans Attributable Loans Attributable Individually to Loans Collectively to Loans Evaluated Individually Evaluated Collectively Total for Evaluated for for Evaluated for Total Ending (In thousands) Impairment Impairment Impairment Impairment Loans ALLL Primary residential mortgage $ 9,518 $ 262 $ 591,373 $ 3,244 $ 600,891 $ 3,506 Home equity lines of credit 255 — 61,936 164 62,191 164 Junior lien loan on residence 36 — 7,382 15 7,418 15 Multifamily property 1,262 — 1,134,543 5,959 1,135,805 5,959 Owner-occupied commercial real estate 1,574 — 259,619 2,614 261,193 2,614 Investment commercial real estate 18,655 — 983,263 14,248 1,001,918 14,248 Commercial and industrial — — 616,838 9,839 616,838 9,839 Lease financing — — 172,643 1,772 172,643 1,772 Secured by farmland and agricultural production — — 149 2 149 2 Commercial construction — — 86 1 86 1 Consumer and other — — 65,180 384 65,180 384 Total ALLL $ 31,300 $ 262 $ 3,893,012 $ 38,242 $ 3,924,312 $ 38,504 December 31, 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 ALLL Primary residential mortgage $ 9,802 $ 482 $ 595,767 $ 3,603 $ 605,569 $ 4,085 Home equity lines of credit 27 — 67,470 221 67,497 221 Junior lien loan on residence 52 — 7,021 12 7,073 12 Multifamily property — — 1,388,958 10,007 1,388,958 10,007 Owner-occupied commercial real estate 2,503 — 250,989 2,385 253,492 2,385 Investment commercial real estate 10,681 40 863,417 11,893 874,098 11,933 Commercial and industrial — — 316,294 6,563 316,294 6,563 Lease financing — — 90,052 884 90,052 884 Secured by farmland and agricultural production — — 160 — 160 — Commercial construction — — 92 1 92 1 Consumer and other — — 99,247 349 99,247 349 Total ALLL $ 23,065 $ 522 $ 3,679,467 $ 35,918 $ 3,702,532 $ 36,440 Impaired loans include nonaccrual loans of $25.7 million at December 31, 2018 and $13.5 million at December 31, 2017. Impaired loans also include performing troubled debt restructured loans of $4.3 million at December 31, 2018 and $9.5 million at December 31, 2017. At December 31, 2018, the allowance allocated to troubled debt restructured loans totaled $262 thousand of which $161 thousand was allocated to nonaccrual loans. At December 31, 2017, the allowance allocated to troubled debt restructured loans totaled $423 thousand of which $173 thousand was allocated to nonaccrual loans. All accruing troubled debt restructured loans were paying in accordance with restructured terms as of December 31, 2018. The following tables present loans individually evaluated for impairment by class of loans as of December 31, 2018 and 2017: December 31, 2018 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 9,789 $ 8,502 $ — $ 8,042 Owner-occupied commercial real estate 2,741 1,574 — 2,025 Investment commercial real estate 20,179 18,655 — 13,999 Home equity lines of credit 257 255 — 123 Junior lien loan on residence 102 36 — 45 Multifamily 1,262 1,262 — 105 Total loans with no related allowance $ 34,330 $ 30,284 $ — $ 24,339 With related allowance recorded: Primary residential mortgage $ 1,016 $ 1,016 $ 262 $ 1,144 Total loans with related allowance $ 1,016 $ 1,016 $ 262 $ 1,144 Total loans individually evaluated for impairment $ 35,346 $ 31,300 $ 262 $ 25,483 December 31, 2017 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 9,607 $ 8,388 $ — $ 10,847 Owner-occupied commercial real estate 3,238 2,503 — 1,568 Investment commercial real estate 9,564 9,500 — 9,971 Home equity lines of credit 29 27 — 38 Junior lien loan on residence 110 52 — 92 Total loans with no related allowance $ 22,548 $ 20,470 $ — $ 22,516 With related allowance recorded: Primary residential mortgage $ 1,435 $ 1,414 $ 482 $ 1,399 Investment commercial real estate 1,181 1,181 40 1,198 Total loans with related allowance $ 2,616 $ 2,595 $ 522 $ 2,597 Total loans individually evaluated for impairment $ 25,164 $ 23,065 $ 522 $ 25,113 Interest income recognized on impaired loans during 2018, 2017 and 2016 was not material. 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 December 31, 2018 and 2017: December 31, 2018 Loans Past Due Over 90 Days and Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 5,215 $ — Home equity lines of credit 235 — Junior lien loan on residence 36 — Owner-occupied commercial real estate 1,574 — Investment commercial real estate 18,655 — Total $ 25,715 $ — December 31, 2017 Loans Past Due Over 90 Days and Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 6,056 $ — Home equity lines of credit 6 — Junior lien loan on residence 52 — Owner-occupied commercial real estate 2,503 — Investment commercial real estate 4,913 — Total $ 13,530 $ — The following tables present the recorded investment in past due loans as of December 31, 2018 and 2017 by class of loans, excluding nonaccrual loans: December 31, 2018 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 606 $ 491 $ — $ 1,097 Consumer and other 2 — — 2 Total $ 608 $ 491 $ — $ 1,099 December 31, 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 $ 216 $ — $ — $ 216 Consumer and other 30 — — 30 Total $ 246 $ — $ — $ 246 Credit Quality Indicators: The Company places all commercial loans into various credit risk rating categories based on an assessment of the expected ability of the borrowers to properly service their debt. The assessment considers numerous factors including, but not limited to, current financial information on the borrower, historical payment experience, strength of any guarantor, nature of and value of any collateral, acceptability of the loan structure and documentation, relevant public information and current economic trends. This credit risk rating analysis is performed when the loan is initially underwritten and 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: • A majority of 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 random sample of borrowers with relationships less than $1,000,000; • All leveraged loans; • At least two borrowing relationships managed by each commercial banker; • Any new Regulation “O” loan commitments over $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: These loans have a potential weakness that deserves Management’s close attention. If left uncorrected, the potential weaknesses may result in deterioration of the repayment prospects for the loans or of the institution’s credit position at some future date. Substandard: These loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful: These loans have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, based on currently existing facts, conditions and values. 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. The table below presents, based on the most recent analysis performed, the risk category of loans by class of loans for December 31, 2018 and 2017. December 31, 2018 Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 590,372 $ 943 $ 9,576 $ — Home equity lines of credit 61,936 — 255 — Junior lien loan on residence 7,382 — 36 — Multifamily property 1,130,926 3,263 1,616 — Owner-occupied commercial real estate 255,417 249 5,527 — Investment commercial real estate 948,300 20,756 32,862 — Commercial and industrial 608,262 417 8,159 — Lease financing 172,643 — — — Secured by farmland and agricultural 149 — — — Commercial construction — 86 — — Consumer and other loans 64,946 — 234 — Total $ 3,840,333 $ 25,714 $ 58,265 $ — December 31, 2017 Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 594,846 $ 866 $ 9,857 $ — Home equity lines of credit 67,470 — 27 — Junior lien loan on residence 7,021 — 52 — Multifamily property 1,371,825 16,755 378 — Owner-occupied commercial real estate 249,003 837 3,652 — Investment commercial real estate 827,558 23,377 23,163 — Commercial and industrial 306,341 7,488 2,465 — Lease financing 90,052 — — — Secured by farmland and agricultural 160 — — — Commercial construction — 92 — — Consumer and other loans 97,135 — 2,112 — Total $ 3,611,411 $ 49,415 $ 41,706 $ — At December 31, 2018, $31.2 million of substandard loans were also considered impaired as compared to December 31, 2017, when $21.8 million of substandard loans were also considered impaired. The tables below present a roll forward of the ALLL for the years ended December 31, 2018, 2017 and 2016. January 1, December 31, 2018 2018 Beginning Provision Ending (In thousands) ALLL Charge-Offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,085 $ (138 ) $ 160 $ (601 ) $ 3,506 Home equity lines of credit 221 — 10 (67 ) 164 Junior lien loan on residence 12 — 68 (65 ) 15 Multifamily property 10,007 — — (4,048 ) 5,959 Owner-occupied commercial real estate 2,385 (361 ) 66 524 2,614 Investment commercial real estate 11,933 (1,335 ) 45 3,605 14,248 Commercial and industrial 6,563 (46 ) 109 3,213 9,839 Lease financing 884 — — 888 1,772 Secured by farmland and agricultural — — — 2 2 Commercial construction 1 — — — 1 Consumer and other 349 (68 ) 4 99 384 Total ALLL $ 36,440 $ (1,948 ) $ 462 $ 3,550 $ 38,504 January 1, December 31, 2017 2017 Beginning Provision Ending (In thousands) ALLL Charge-Offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,666 $ (889 ) $ 173 $ 1,135 $ 4,085 Home equity lines of credit 233 (23 ) 62 (51 ) 221 Junior lien loan on residence 16 (99 ) 26 69 12 Multifamily property 11,192 — — (1,185 ) 10,007 Owner-occupied commercial real estate 1,774 (734 ) — 1,345 2,385 Investment commercial real estate 10,909 (123 ) 23 1,124 11,933 Commercial and industrial 4,164 (76 ) 115 2,360 6,563 Lease financing — — — 884 884 Secured by farmland and agricultural 2 — — (2 ) — Commercial construction 9 — — (8 ) 1 Consumer and other 243 (77 ) 4 179 349 Total ALLL $ 32,208 $ (2,021 ) $ 403 $ 5,850 $ 36,440 January 1, December 31, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-Offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,297 $ (1,047 ) $ 28 $ 2,388 $ 3,666 Home equity lines of credit 86 (91 ) 15 223 233 Junior lien loan on residence 66 — 140 (190 ) 16 Multifamily property 11,813 — — (621 ) 11,192 Owner-occupied commercial real estate 1,679 (11 ) 72 34 1,774 Investment commercial real estate 7,590 (520 ) 246 3,593 10,909 Commercial and industrial 2,209 (16 ) 29 1,942 4,164 Secured by farmland and agricultural 2 — — — 2 Commercial construction 2 — — 7 9 Consumer and other 112 (5 ) 12 124 243 Total ALLL $ 25,856 $ (1,690 ) $ 542 $ 7,500 $ 32,208 Troubled Debt Restructurings: The Company has allocated $262 thousand and $423 thousand of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of December 31, 2018 and December 31, 2017, respectively. There were no unfunded commitments to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructurings. During the years ended December 31, 2018, 2017 and 2016, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; or an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2018: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 909 $ 909 Investment commercial real estate 1 $ 15,202 $ 15,202 Total 3 $ 16,111 $ 16,111 The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2017: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 6 $ 1,223 $ 1,223 Total 6 $ 1,223 $ 1,223 The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 7 $ 4,691 $ 4,691 Junior lien loan on residence 1 63 63 Commercial and industrial 1 26 26 Total 9 $ 4,780 $ 4,780 The identification of the troubled debt restructured loans did not have a significant impact on the allowance for loan losses. In addition, there were no charge-offs as a result of the classification of these loans as troubled debt restructuring during the years ended December 31, 2018, 2017 and 2016. There were no payment defaults on loans modified as troubled debt restructurings within twelve months of modification during the year ended December 31, 2018. The following table presents loans by class modified as troubled debt restructurings during the year ended December 31, 2017 for which there was a payment default during the same period: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 336 Total 1 $ 336 The following table presents loans by class modified as troubled debt restructurings during the year ended December 31, 2016 for which there was a payment default during the same period: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 269 Total 1 $ 269 The defaults described above did not have a material impact on the allowance for loan losses during 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 troubled debt restructuring. At a minimum, six consecutive 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.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
Property Plant And Equipment [Abstract]
PREMISES AND EQUIPMENT	4. PREMISES AND EQUIPMENT The following table presents premises and equipment as of December 31, (In thousands) 2018 2017 Land and land improvements $ 6,243 $ 6,235 Buildings 12,653 12,589 Furniture and equipment 20,644 19,553 Leasehold improvements 11,943 11,819 Projects in progress 145 329 Capital lease asset 11,237 11,237 62,865 61,762 Less: accumulated depreciation 35,457 32,286 Total $ 27,408 $ 29,476 The Company has included leases in premises and equipment as follows: (In thousands) 2018 2017 Land and buildings $ 11,237 $ 11,237 Less: accumulated depreciation 5,411 4,663 Total $ 5,826 $ 6,574 Projects in progress represents costs associated with renovations to the Company’s headquarters in addition to smaller renovation or equipment installation projects at other locations. The Company recorded depreciation expense of $3.1 million, $3.3 million and $3.1 million for the years ended December 31, 2018, 2017 and 2016, respectively. The Company leases its corporate headquarters building under a capital lease. The lease arrangement requires monthly payments through 2025. Related depreciation expense of $607 thousand is included in each of the 2018, 2017 and 2016 results. The Company also leases its Gladstone branch after completing a sale-leaseback transaction involving the property in 2011. The lease arrangement requires monthly payments through 2031. The Company had a deferred gain remaining on its sale-leaseback transaction of $490 thousand at December 31, 2018. The deferred gain was removed as a cumulative-effect adjustment upon adoption of the new accounting guidance in topic 842 effective January 1, 2019. The following is a schedule by year of future minimum lease payments under capital leases, together with the present value of net minimum lease payments as of December 31, 2018: (In thousands) 2019 $ 1,146 2020 1,195 2021 1,233 2022 1,391 2023 1,456 Thereafter 3,739 Total minimum lease payments 10,160 Less: amount representing interest 1,798 Present value of net minimum lease payments $ 8,362

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2018
Other Real Estate [Abstract]
OTHER REAL ESTATE OWNED	5. OTHER REAL ESTATE OWNED At December 31, 2018, the Company did not have other real estate owned. At December 31, 2017, the Company had other real estate owned, totaling $2.1 million. The following table shows the activity in other real estate owned, excluding the valuation allowance, for the years ended December 31: (In thousands) 2018 2017 Balance, beginning of year $ 2,090 $ 534 OREO properties added — 2,090 Sales during year (2,090 ) (534 ) Balance, end of year $ — $ 2,090 The following table shows the activity in the valuation allowance for the years ended December 31: (In thousands) 2018 2017 2016 Balance, beginning of year $ — $ — $ 2,670 Additions charged to expense 232 — — Direct writedowns (232 ) — (2,670 ) Balance, end of year $ — $ — $ — The following table shows expenses related to other real estate owned for the years ended December 31: (In thousands) 2018 2017 2016 Net loss/(gain) on sales $ 58 $ — $ (5 ) Provision for unrealized losses 232 — — Operating expenses, net of rental income 190 117 59 Total $ 480 $ 117 $ 54

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
DEPOSITS	6. DEPOSITS Time deposits over $250,000 totaled $160.3 million and $160.0 million at December 31, 2018 and 2017, respectively. The following table sets forth the details of total deposits as of December 31: (Dollars in thousands) 2018 2017 Noninterest-bearing demand deposits $ 463,926 11.91 % $ 539,304 14.59 % Interest-bearing checking 1,247,305 32.02 1,152,483 31.16 Savings 114,674 2.94 119,556 3.23 Money market 1,243,369 31.92 1,091,385 29.51 Certificates of deposit - retail 510,724 13.12 344,652 9.32 Certificates of deposit - listing service 79,195 2.03 198,383 5.36 Interest-bearing demand - Brokered 180,000 4.62 180,000 4.87 Certificates of deposit - Brokered 56,147 1.44 72,591 1.96 Total deposits $ 3,895,340 100.00 % $ 3,698,354 100.00 % The scheduled maturities of time deposits as of December 31, 2018 are as follows: (In thousands) 2019 $ 406,992 2020 115,018 2021 41,835 2022 17,914 2023 12,424 Over 5 Years 51,883 Total $ 646,066

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	7. FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS Advances from FHLB totaled $108.0 million at December 31, 2018, with a weighted average interest rate of 3.17 percent. Advances from FHLB totaled $37.9 million at December 31, 2017, with a weighted average interest rate of 2.20 percent. At December 31, 2018, advances totaling $108.0 million, with a weighted average rate of 3.17 percent, have fixed maturity dates. At December 31, 2017, advances totaling $28.9 million, with a weighted average rate of 1.96 percent, have fixed maturity dates. At December 31, 2018, the fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $496.1 million multifamily mortgages totaling $1.0 billion and securities totaling $58.5 million, while at December 31, 2017, the fixed rate advances are secured by blanket pledges of certain 1-4 family residential mortgages totaling $550.0 million and multifamily totaling $1.1 billion. The Company had $9.0 million of variable rate advances, with a weighted average rate of 2.95 percent at December 31, 2017. These advances were non-callable 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 were beyond their initial non-callable periods. These advances were secured by pledges of investment securities totaling $13.5 million at December 31, 2017. The advances had prepayment penalties. The scheduled principal repayments and maturities of advances as of December 31, 2018 are as follows: (In thousands) 2019 $ 3,000 2020 - 2021 60,000 2022 20,000 2023 25,000 Over 5 years - Total $ 108,000 At both December 31, 2018 and December 31, 2017, there were no overnight borrowings with the FHLB. At December 31, 2018, unused short-term or overnight borrowing commitments totaled $1.3 billion from the FHLB, $22.0 million from correspondent banks and $1.3 billion at the Federal Reserve Bank of New York.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE	8. FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing as asset or liability. The Company used the following methods and significant assumptions to estimate the fair value: Investment Securities: Loans Held for Sale, at Fair Value: Derivatives Impaired Loans: Other Real Estate Owned: Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by Management. Once received, a member of the Credit Department reviews the assumptions and approaches utilized in the appraisal, as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Appraisals on collateral dependent impaired loans and other real estate owned (consistent for all loan types) are obtained on an annual basis, unless a significant change in the market or other factors warrants a more frequent appraisal. On an annual basis, Management compares the actual selling price of any collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value for other properties. The most recent analysis performed indicated that a discount up to 15 percent should be applied to appraisals on properties. The discount is determined based on the nature of the underlying properties, aging of appraisal 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 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 December 31, 2018. The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Company has elected the fair value option: Fair Value Measurements Using Quoted Prices In Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs (In thousands) December 31, 2018 (Level 1) (Level 2) (Level 3) Assets: Securities available for sale: U.S. government-sponsored agencies $ 102,013 $ — $ 102,013 $ — Mortgage-backed securities-residential 251,362 — 251,362 — SBA pool securities 3,839 — 3,839 — State and political subdivisions 17,610 — 17,610 — Corporate bond 3,112 — 3,112 — CRA investment fund 4,719 4,719 — — Loans held for sale, at fair value 1,576 — 1,576 — Derivatives: Cash flow hedges 1,657 — 1,657 — Loan level swaps 9,689 — 9,689 — Total $ 395,577 $ 4,719 $ 390,858 $ — Liabilities: Derivatives: Cash flow hedges $ (849 ) $ — $ (849 ) $ — Loan level swaps (9,689 ) — (9,689 ) — Total $ (10,538 ) $ — $ (10,538 ) $ — (In thousands) December 31, 2017 Assets: Securities available for sale: U.S. government-sponsored agencies $ 43,701 $ — $ 43,701 $ — Mortgage-backed securities-residential 243,116 — 243,116 — SBA pool securities 5,205 — 5,205 — State and political subdivisions 24,868 — 24,868 — Corporate bond 3,082 — 3,082 — Single-issuer trust preferred security 2,837 — 2,837 — CRA investment fund 4,824 4,824 — — Loans held for sale, at fair value 984 — 984 — Derivatives: Cash flow hedges 1,394 — 1,394 — Loan level swaps 3,131 — 3,131 — Total $ 333,142 $ 4,824 $ 328,318 $ — Liabilities: Derivatives: Cash flow hedges $ — $ — $ — $ — Loan level swaps (3,131 ) — (3,131 ) — Total $ (3,131 ) $ — $ (3,131 ) $ — The Company has elected the fair value option for 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 or on nonaccrual as of December 31, 2018 and December 31, 2017. The following tables present residential loans held for sale, at fair value at the dates indicated: December 31, 2018 December 31, 2017 Residential loans contractual balance $ 1,552 $ 972 Fair value adjustment 24 12 Total fair value of residential loans held for sale $ 1,576 $ 984 There were no transfers between Level 1 and Level 2 during the year ended December 31, 2018. There were no loans measured for impairment using the fair value of collateral as of December 31, 2018 and December 31, 2017. The carrying amounts and estimated fair values of financial instruments at December 31, 2018 are as follows: Fair Value Measurements at December 31, 2018 Using (In thousands) Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 160,773 $ 160,773 $ — $ — $ 160,773 Securities available for sale 377,936 — 377,936 — 377,936 CRA investment fund 4,719 4,719 — — 4,719 FHLB and FRB stock 18,533 — — — N/A Loans held for sale, at fair value 1,576 — 1,576 — 1,576 Loans held for sale, at lower of cost or fair value 3,542 — 3,654 — 3,654 Loans, net of allowance for loan losses 3,889,427 — — 3,852,004 3,852,004 Accrued interest receivable 10,814 — 1,875 8,939 10,814 Cash flow hedges 1,657 — 1,657 — 1,657 Loan level swaps 9,689 — 9,689 — 9,689 Financial liabilities Deposits $ 3,895,340 $ 3,249,274 $ 640,997 $ — $ 3,890,271 Federal Home Loan Bank advances 108,000 — 108,950 — 108,950 Subordinated debt 83,193 — — 82,207 82,207 Accrued interest payable 2,868 331 2,482 55 2,868 Cash flow hedges 849 — 849 — 849 Loan level swaps 9,689 — 9,689 — 9,689 The carrying amounts and estimated fair values of financial instruments at December 31, 2017 are as follows: Fair Value Measurements at December 31, 2017 Using (In thousands) Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 113,447 $ 113,447 $ — $ — $ 113,447 Securities available for sale 327,633 4,824 322,809 — 327,633 FHLB and FRB stock 13,378 — — — N/A Loans held for sale, at fair value 984 — 984 — 984 Loans held for sale, at lower of cost or fair value 187 — 206 — 206 Loans, net of allowance for loan losses 3,668,000 — — 3,649,132 3,649,132 Accrued interest receivable 9,452 — 1,041 8,411 9,452 Cash flow hedges 1,394 — 1,394 — 1,394 Loan level swaps 3,131 — 3,131 — 3,131 Financial liabilities Deposits $ 3,698,354 $ 3,082,728 $ 612,591 $ — $ 3,695,319 Federal Home Loan Bank advances 37,898 — 37,907 — 37,907 Subordinated debt 83,024 — — 84,150 84,150 Accrued interest payable 1,756 192 1,495 69 1,756 Loan level swaps 3,131 — 3,131 — 3,131 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: At December 31, 2017, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. Deposits: Overnight borrowings: Federal Home Loan Bank advances: Subordinated debentures: Accrued interest receivable/payable: Off-balance sheet instruments:

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2018
Revenue From Contract With Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	9. REVENUE FROM CONTRACTS WITH CUSTOMERS: All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income. The following table presents the sources of noninterest income for the years ended December 31: (In thousands) 2018 2017 2016 Service charges on deposits Overdraft fees $ 726 $ 715 $ 713 Interchange income 1,251 1,164 1,120 Other 1,525 1,360 1,419 Wealth management fees 32,356 22,273 17,552 Investment brokerage fees 889 910 688 (Losses)/gains on sales of OREO (58 ) — 5 Other (a) 7,504 8,205 7,421 Total noninterest other income $ 44,193 $ 34,627 $ 28,918 (a) All of the other category is outside the scope of ASC 606. The following table presents the sources of noninterest income by operating segment for the years ended December 31: 2018 Revenue by Operating Wealth Segment Banking Management Total Service charges on deposits Overdraft fees $ 726 $ — $ 726 Interchange income 1,251 — 1,251 Other 1,525 — 1,525 Wealth management fees — 32,356 32,356 Investment brokerage fees — 889 889 Losses on sales of OREO (58 ) — (58 ) Other (a) 6,569 935 7,504 Total noninterest income $ 10,013 $ 34,180 $ 44,193 2017 Revenue by Operating Wealth Segment Banking Management Total Service charges on deposits Overdraft fees $ 715 $ — $ 715 Interchange income 1,164 — 1,164 Other 1,360 — 1,360 Wealth management fees — 22,273 22,273 Investment brokerage fees — 910 910 Gains/(losses) on sales of OREO — — — Other (a) 7,704 501 8,205 Total noninterest income $ 10,943 $ 23,684 $ 34,627 2016 Revenue by Operating Wealth Segment Banking Management Total Service charges on deposits Overdraft fees $ 713 $ — $ 713 Interchange income 1,120 — 1,120 Other 1,419 — 1,419 Wealth management fees — 17,552 17,552 Investment brokerage fees — 688 688 Gains/(losses) on sales of OREO 5 — 5 Other (a) 6,960 461 7,421 Total noninterest income $ 10,217 $ 18,701 $ 28,918 (a) All of the other category is outside the scope of ASC 606. A description of the Company’s revenue streams accounted for under ASC 606 follows: Service charges on deposit accounts Interchange income Wealth management fees (gross) Investment brokerage fees (net) th Gains/(losses) on sales of OREO Other

OTHER OPERATING EXPENSES

OTHER OPERATING EXPENSES	12 Months Ended
	Dec. 31, 2018
Other Income And Expenses [Abstract]
OTHER OPERATING EXPENSES	10. OTHER OPERATING EXPENSES The following table presents the major components of other operating expenses for the years ended December 31: (In thousands) 2018 2017 2016 Professional and legal fees $ 4,668 $ 4,486 $ 3,459 Wealth Division other expense 2,421 2,418 2,029 Telephone 1,077 998 976 Advertising 1,340 1,108 824 Loan expense 340 485 715 Provision for ORE losses 232 — — Intangible amortization 1,187 321 124 Other operating expenses 8,079 7,485 5,979 Total other operating expenses $ 19,344 $ 17,301 $ 14,106

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES The income tax expense included in the consolidated financial statements for the years ended December 31 is allocated as follows: (In thousands) 2018 2017 2016 Federal: Current (benefit)/expense $ (7,046 ) $ 1,559 $ 13,207 Deferred expense 16,908 13,922 486 State: Current expense 3,554 2,133 2,105 Deferred expense 134 196 466 Total income tax expense $ 13,550 $ 17,810 $ 16,264 Total income tax expense differed from the amounts computed by applying the U.S. Federal income tax rate of 21 percent for 2018 and 35 percent for both 2017 and 2016, respectively, to income before taxes as a result of the following: (In thousands) 2018 2017 2016 Computed “expected” tax expense $ 12,121 $ 19,008 $ 14,959 (Decrease)/increase in taxes resulting from: Tax-exempt income (402 ) (584 ) (496 ) State income taxes 2,942 1,514 1,671 Bank owned life insurance income (290 ) (475 ) (492 ) Life insurance expense 148 479 297 Gain on death benefit (630 ) — — Interest disallowance 115 124 95 Meals and entertainment expense 25 76 77 Stock-based compensation (481 ) (982 ) 15 Tax reform impact — (1,648 ) — Other 2 298 138 Total income tax expense $ 13,550 $ 17,810 $ 16,264 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31 are as follows: (In thousands) 2018 2017 Deferred tax assets: Allowance for loan losses $ 10,537 $ 9,972 Tax net operating loss carryforward 7,046 — Lease adjustment — 49 Post-retirement benefits — 297 Organization costs 13 14 Unrealized loss on securities available for sale 969 714 Unrealized loss on equity security 79 — Stock plan 1,534 118 Nonaccrual interest 31 31 Accrued compensation 189 900 Capital leases 1,051 774 Total gross deferred tax assets $ 21,449 $ 12,869 Deferred tax liabilities: Lease financing $ 33,191 $ 10,091 Cash flow hedge 265 392 Deferred loan origination costs and fees 1,214 1,072 Deferred income 2,693 729 Investment securities, principally due to the accretion of bond discount — 13 Other 115 20 Total gross deferred tax liabilities 37,478 12,317 Net deferred tax (liability)/asset $ (16,029 ) $ 552 Based upon taxes paid and projected future taxable income, Management believes that it is more likely than not that the gross deferred tax assets will be realized. At December 31, 2018 and 2017, the Company had no unrecognized tax benefits. The Company does not expect the amount of unrecognized tax benefits to significantly increase or decrease in the next twelve months. The Company had Federal tax net operating losses arising in 2018 related to accelerated depreciation on lease financing activity of approximately $34 million and may be carried forward indefinitely. These losses cannot be carried back. On December 22, 2017, the Tax Cuts and Jobs Act (H.R. 1) (the “Act”) was signed into law. The Act contains several changes in existing tax law impacting businesses, including a reduction in the Federal corporate income tax rate from 35 percent to 21 percent, effective January 1, 2018. As a result, the Company’s effective tax rate was 23.5 percent for 2018 as compared to 32.8 percent for 2017. The Company determined a reduction in the value of its net deferred tax liability of approximately $1.6 million, which was a result of a reduction in the Federal corporate tax rate that is expected to apply to the reversal of the Company’s temporary differences. The Company recorded the reduction in the deferred tax liability as an income tax benefit in the Company’s statement of income in 2017. The tax benefit was net of tax expense of $215 thousand related to the other comprehensive income revaluation adjustment. On July 1, 2018, the 2019 New Jersey Budget (“Budget”) was passed which established a 2.5 percent surtax on businesses that have New Jersey allocated net income in excess of $1.0 million. The surtax is effective as of January 1, 2018 and will continue through 2019. The surtax will adjust to 1.5 percent for 2020 and 2021. In addition, effective for taxable years beginning on or after January 1, 2019, banks will be required to file combined reports of taxable income including their parent holding company, their real estate investment trust (“REIT”) subsidiary and all other subsidiaries including those that qualify as New Jersey Investment Companies, and Delaware Investment Holding Companies. The Company is subject to U.S. Federal income tax as well as income tax of various state jurisdictions. The Company is no longer subject to federal examination for tax years prior to 2015. The tax years of 2015, 2016 and 2017 remain open to federal examination. The Company is no longer subject to state and local examinations by tax authorities for tax years prior to 2014. The tax years of 2014, 2015, 2016 and 2017 remain open for state examination.

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
	Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract]
BENEFIT PLANS	12. BENEFIT PLANS The Company sponsors a profit sharing plan and a savings plan under Section 401(k) of the Internal Revenue Code, covering substantially all salaried employees over the age of 21 with at least 12 months of service. Under the savings plan, the Company contributes three percent of salary for each employee regardless of the employees’ contributions as well as partially matching employee contributions. Expense for the savings plan totaled approximately $2.2 million for the year ended December 31, 2018 and approximately $1.6 million for each of the years ended December 31, 2017 and 2016, respectively. Contributions to the profit sharing plan are made at the discretion of the Board of Directors and all funds are invested solely in Company common stock. The Company did not contribute to the profit sharing plan in 2018, 2017 or 2016.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
STOCK-BASED COMPENSATION	13. STOCK-BASED COMPENSATION The Company’s 2006 Long-Term Stock Incentive Plan and 2012 Long-Term Stock Incentive Plan allow the granting of shares of the Company’s common stock as incentive stock options, nonqualified stock options, restricted stock awards, restricted stock units and stock appreciation rights to directors, officers and employees of the Company and its subsidiaries. As of December 31, 2018, the total number of shares available for grant in all active plans was 1,641,485. There are no shares remaining for issuance with respect to the stock option plan approved in 2002; however, options granted under this plan are still included in the numbers below. Options granted under the stock incentive plans are, in general, exercisable not earlier than one year after the date of grant, at a price equal to the fair value of the common stock on the date of grant and expire not more than ten years after the date of grant. Stock options may vest during a period of up to five years after the date of grant. Some options granted to officers at or above the senior vice president level were immediately exercisable at the date of grant. The Company has a policy of using authorized but unissued shares to satisfy option exercises. 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. Changes in options outstanding during 2018 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In Thousands) Balance, January 1, 2018 120,083 $ 14.41 Exercised during 2018 (23,148 ) 15.45 Expired during 2018 (3,790 ) 24.82 Forfeited during 2018 (1,835 ) 18.91 Balance, December 31, 2018 91,310 $ 13.63 2.70 years $ 1,055 Vested and expected to vest 91,310 $ 13.63 2.70 years $ 1,055 Exercisable at December 31, 2018 91,310 $ 13.63 2.70 years $ 1,055 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of 2018 and the exercise price, multiplied by the number of in-the-money options). The Company’s closing stock price on December 31, 2018 was $25.18. There were no stock options granted in 2018. As of December 31, 2018, there was no unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company’s stock incentive plans. The performance-based awards that were granted in previous periods were dependent upon the Company meeting certain performance criteria and, to the extent the performance criteria were met, were to cliff vest at the end of the performance period. The Company did not meet the performance criteria by the end of the performance period at the end of 2017. Therefore, as of March 31, 2018, the Company forfeited 92,767 performance-based awards. The Company issued stock awards/units in 2018, 2017 and 2016. The stock awards were either service based awards or performance-based awards. The service-based awards vest ratably over a three or five-year period. As of December 31, 2018, there was $101 thousand of total unrecognized compensation cost related to service-based awards. That cost is expected to be recognized over a weighted average period of 0.47 years. As of December 31, 2018, there was $8.3 million of total unrecognized compensation cost related to service-based units. That cost is expected to be recognized over a weighted average period of 1.32 years. Total stock-based compensation expense recognized for stock awards/units totaled $4.6 million, $3.5 million and $2.8 million in 2018, 2017 and 2016, respectively, while total stock-based compensation expense recognized for stock options was $6 thousand and $56 thousand for 2017 and 2016, respectively. There was no stock-based compensation for the year ended December 31, 2018. Changes in non-vested shares dependent on performance criteria for 2018 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2018 92,767 $ 18.12 Forfeited during 2018 (92,767 ) 18.12 Balance, December 31, 2018 — $ — Changes in service based restricted stock awards/units for 2018 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2018 308,625 $ 23.96 Granted during 2018 278,267 33.64 Vested during 2018 (158,150 ) 21.89 Forfeited during 2018 (19,203 ) 28.38 Balance, December 31, 2018 409,539 $ 31.13

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	14. COMMITMENTS AND CONTINGENCIES The Company, in the ordinary course of business, is a party to litigation arising from the conduct of its business. Management does not consider that these actions depart from routine legal proceedings and believes that such actions will not affect its financial position or results of its operations in any material manner. There are various outstanding commitments and contingencies, such as guarantees and credit extensions, including mostly variable-rate loan commitments of $684.2 million and $629.0 million at December 31, 2018 and 2017, respectively, which are not included in the accompanying consolidated financial statements. These commitments include unused commercial and home equity lines of credit. The Company issues financial standby letters of credit that are irrevocable undertakings by the Company to guarantee payment of a specified financial obligation. Most of the Company’s financial standby letters of credit arise in connection with lending relations and have terms of one year or less. The maximum potential future payments the Company could be required to make equals the contract amount of the standby letters of credit and amounted to $12.7 million and $17.1 million at December 31, 2018 and 2017, respectively. The fair value of the Company’s liability for financial standby letters of credit was insignificant at December 31, 2018. For commitments to originate loans, the Company’s maximum exposure to credit risk is represented by the contractual amount of those instruments. Those commitments represent ultimate exposure to credit risk only to the extent that they are subsequently drawn upon by customers. The Company uses the same credit policies and underwriting standards in making loan commitments as it does for on-balance-sheet instruments. For loan commitments, the Company would generally be exposed to interest rate risk from the time a commitment is issued with a defined contractual interest rate. At December 31, 2018, the Company was obligated under non-cancelable operating leases for certain premises. Rental expense aggregated $2.7 million, $2.5 million and $2.4 million for the years ended December 31, 2018, 2017 and 2016 respectively, which is included in premises and equipment expense in the consolidated statements of income. The minimum annual lease payments under the terms of the operating lease agreements, as of December 31, 2018, were as follows: (In thousands) 2019 $ 2,713 2020 2,488 2021 2,113 2022 1,522 2023 1,118 Thereafter 1,631 Total $ 11,585 The Company is also obligated under legally binding and enforceable agreements to purchase goods and services from third parties, including data processing service agreements. The Company is a limited partner in a Small Business Investment Company (“SBIC”). As of December 31, 2018, the Company had unfunded commitments of $2.2 million for its investment in SBIC qualified funds.

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2018
Regulatory Capital [Abstract]
REGULATORY CAPITAL	15. REGULATORY CAPITAL Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet minimum capital requirements can initiate certain mandatory – and possibly additional discretionary – actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements and results of operations. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. The Company has chosen to exclude net unrealized gain or loss on available for sale securities in computing regulatory capital. Management believes that as of December 31, 2018, the Company and Bank meet all capital adequacy requirements to which they were subject at that date. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At December 31, 2018 and 2017, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based, common equity Tier 1 and Tier I leverage ratios as set forth in the table. The Bank’s actual capital amounts and ratios are presented in the following table: To Be Well For Capital Capitalized Under For Capital Adequacy Purposes Prompt Corrective Adequacy Including Capital Actual Action Provisions Purposes Conservation Buffer (A) (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk-weighted assets) $ 543,008 14.59 % $ 372,186 10.00 % $ 297,749 8.00 % $ 367,533 9.875 % Tier I capital (to risk-weighted assets) 504,504 13.56 297,749 8.00 223,311 6.00 293,096 7.875 Common equity tier I (to risk-weighted assets) 504,502 13.56 241,921 6.50 167,484 4.50 237,268 6.375 Tier I capital (to average assets) 504,504 11.32 222,912 5.00 178,330 4.00 178,330 4.000 As of December 31, 2017: Total capital (to risk-weighted assets) $ 485,252 14.34 % $ 338,327 10.00 % $ 270,662 8.00 % 312,953 9.250 % Tier I capital (to risk-weighted assets) 448,812 13.27 270,662 8.00 202,996 6.00 245,287 7.250 Common equity tier I (to risk-weighted assets) 448,810 13.27 219,913 6.50 152,247 4.50 194,538 5.750 Tier I capital (to average assets) 448,812 10.61 211,523 5.00 169,219 4.00 169,219 4.000 The Company’s actual capital amounts and ratios are presented in the following table: To Be Well For Capital Capitalized Under For Capital Adequacy Purposes Prompt Corrective Adequacy Including Capital Actual Action Provisions Purposes Conservation Buffer (A) (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk-weighted assets) $ 559,937 15.03 % N/A N/A $ 298,047 8.00 % $ 367,902 9.875 % Tier I capital (to risk-weighted assets) 438,240 11.76 N/A N/A 223,535 6.00 293,390 7.875 Common equity tier I (to risk-weighted assets) 438,238 11.76 N/A N/A 167,652 4.50 237,506 6.375 Tier I capital (to average assets) 438,240 9.82 N/A N/A 178,473 4.00 178,473 4.000 As of December 31, 2017: Total capital (to risk-weighted assets) $ 502,334 14.84 % N/A N/A $ 270,866 8.00 % 313,189 9.250 % Tier I capital (to risk-weighted assets) 382,870 11.31 N/A N/A 203,149 6.00 245,472 7.250 Common equity tier I (to risk-weighted assets) 382,868 11.31 N/A N/A 152,362 4.50 194,685 5.750 Tier I capital (to average assets) 382,870 9.04 N/A N/A 169,318 4.00 169,318 4.000 (A) As fully phased in on January 1, 2019, the Basel Rules require the Company and the Bank to maintain a 2.5% “capital conservation buffer” on top of the minimum risk-weighted asset ratios. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of (i) Common Equity Tier 1 to risk-weighted assets, (ii) Tier 1 capital to risk-weighted assets or (iii) total capital to risk-weighted assets above the respective minimum but below the capital conservation buffer will face constraints on dividends, equity repurchases and discretionary bonus payments to executive officers based on the amount of the shortfall. The implementation of the capital conservation buffer began on January 1, 2016 at the 0.625% level and increased by 0.625% on each subsequent January 1, until it reached 2.5% on January 1, 2019.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]
DERIVATIVES	16. 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 Swap Designated as Cash Flow Hedge: Information about the interest rate swaps designated as cash flow hedges as of December 31, 2018 and 2017 is presented in the following table: (Dollars in thousands) 2018 2017 Notional amount $ 230,000 $ 180,000 Weighted average pay rate 2.04 % 1.64 % Weighted average receive rate 2.33 % 1.33 % Weighted average maturity 2.65 years 2.25 years Unrealized gain/(loss), net $ 808 $ 1,394 Number of contracts 11 9 Net interest income/(expense) recorded on these swap transactions totaled approximately $390 thousand and ($898) thousand for the twelve months ended December 31, 2018 and 2017, respectively, and is reported as a component of interest expense. Cash Flow Hedges The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the year ended December 31: 2018 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 $ (328 ) $ (124 ) $ — 2017 Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non- Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ 2,138 $ — $ — During the first quarter of 2018, the Company recognized an unrealized after-tax gain of $220 thousand in accumulated other comprehensive income/(loss) related to the termination of two interest rate swaps designated as cash flow hedges. The gain will be amortized into earnings over the remaining life of the terminated swaps. The Company recognized pre-tax interest income of $124 thousand for the year ended December 31, 2018 related to the amortization of the gain on the terminated interest rate swaps designated as cash flow hedges. The following tables reflect the cash flow hedges included in the financial statements as of December 31, 2018 and 2017: December 31, 2018 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 230,000 $ 808 Total included in other assets 130,000 1,657 Total included in other liabilities 100,000 (849 ) December 31, 2017 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ 1,394 Derivatives Not Designated as Accounting Hedges: Information about these swaps is as follows: (Dollars in thousands) December 31, 2018 December 31, 2017 Notional amount $ 558,690 $ 317,363 Fair value $ 9,689 $ 3,131 Weighted average pay rates 4.44 % 4.11 % Weighted average receive rates 4.24 % 3.43 % Weighted average maturity 7.1 years 7.6 years Number of contracts 67 42

SHAREHOLDERS EQUITY

SHAREHOLDERS EQUITY	12 Months Ended
	Dec. 31, 2018
Stockholders Equity Note [Abstract]
SHAREHOLDERS EQUITY	17. SHAREHOLDERS’ EQUITY The Dividend Reinvestment Plan of the Company (the “Plan”), allows shareholders of the Company to purchase additional shares of common stock using cash dividends without payment of any brokerage commissions or other charges. Shareholders may also make voluntary cash payments of up to $200,000 per quarter to purchase additional shares of common stock. The Plan provides that shares may be purchased directly from the Company out of its authorized but unissued or treasury shares, or in the open market.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
BUSINESS SEGMENTS	18. 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 (includes C&I and equipment finance), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I advisory services; escrow management; 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, including PGB Trust & Investments of Delaware, MCM, and Quadrant and Lassus Wherley, includes investment management services provided for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian and guardian, and other financial planning, tax preparation and advisory services. The following table presents the statements of income and total assets for the Company’s reportable segments for the twelve months ended December 31, 2018, 2017 and 2016: Twelve Months Ended December 31, 2018 Wealth (In thousands) Banking Management Total Net interest income $ 110,001 $ 5,162 $ 115,163 Noninterest income 10,013 34,180 44,193 Total income 120,014 39,342 159,356 Provision for loan losses 3,550 — 3,550 Compensation and benefits 44,875 17,927 62,802 Premises and equipment expense 11,747 1,750 13,497 FDIC expense 2,443 — 2,443 Other noninterest expense 10,267 9,077 19,344 Total noninterest expense 72,882 28,754 101,636 Income before income tax expense 47,132 10,588 57,720 Income tax expense 11,065 2,485 13,550 Net income $ 36,067 $ 8,103 $ 44,170 Total assets at period end $ 4,547,179 $ 70,679 $ 4,617,858 Twelve Months Ended December 31, 2017 Wealth (In thousands) Banking Management Total Net interest income $ 105,353 $ 5,788 $ 111,141 Noninterest income 10,943 23,684 34,627 Total income 116,296 29,472 145,768 Provision for loan losses 5,850 — 5,850 Compensation and benefits 42,917 11,039 53,956 Premises and equipment expense 10,682 1,306 11,988 FDIC expense 2,366 — 2,366 Other noninterest expense 9,466 7,835 17,301 Total noninterest expense 71,281 20,180 91,461 Income before income tax expense 45,015 9,292 54,307 Income tax expense 14,763 3,047 17,810 Net income $ 30,252 $ 6,245 $ 36,497 Total assets at period end $ 4,202,957 $ 57,590 $ 4,260,547 Twelve Months Ended December 31, 2016 Wealth (In thousands) Banking Management Total Net interest income $ 91,334 $ 5,101 $ 96,435 Noninterest income 10,217 18,701 28,918 Total income 101,551 23,802 125,353 Provision for loan losses 7,500 — 7,500 Compensation and benefits 36,028 8,975 45,003 Premises and equipment expense 10,213 1,032 11,245 FDIC expense 4,758 — 4,758 Other noninterest expense 8,565 5,541 14,106 Total noninterest expense 67,064 15,548 82,612 Income before income tax expense 34,487 8,254 42,741 Income tax expense 13,123 3,141 16,264 Net income $ 21,364 $ 5,113 $ 26,477 Total assets at period end $ 3,832,765 $ 45,868 $ 3,878,633

SUBORDINATED DEBT

SUBORDINATED DEBT	12 Months Ended
	Dec. 31, 2018
Subordinated Longterm Debt Current And Noncurrent [Abstract]
SUBORDINATED DEBT	19. SUBORDINATED DEBT During June 2016, the Company issued $50.0 million in aggregate principal amount of fixed-to-floating subordinated notes (the “2016 Notes”) to certain institutional investors. The 2016 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. Approximately $40.0 million of the net proceeds from the sale of the 2016 Notes were contributed by the Company to the Bank in the second quarter of 2016. The remaining funds (approximately $10 million) were retained by the Company for operational purposes. During December 2017, the Company issued $35.0 million in aggregate principal amount of fixed-to-floating subordinated notes (the “2017 Notes”) to certain institutional investors. The 2017 Notes are non-callable for five years, have a stated maturity of December 15, 2027, and bear interest at a fixed rate of 4.75% per year until December 15, 2022. From December 16, 2022 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 254 basis points, payable quarterly in arrears. Debt issuance costs incurred totaled $875 thousand and are being amortized to maturity. Approximately $29.1 million of the net proceeds from the sale of the 2017 Notes were contributed by the Company to the Bank in the fourth quarter of 2017. The remaining funds of approximately $5 million, representing three years of interest payments, were retained by the Company for operational purposes. Subordinated debt is presented net of issuance cost on the Consolidated Statements of Condition. The subordinated debt issuances are included in the Company’s regulatory total capital amount and ratio. In connection with the issuance of the 2017 Notes, the Company obtained ratings from Kroll Bond Rating Agency (“KBRA”). KBRA assigned investment grade rating of BBB- for the Company’s subordinated debt.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
ACQUISITION	20. ACQUISITIONS The Company completed one acquisition in 2018 and two acquisitions during 2017 supporting the Bank’s overall wealth management strategy. The acquisitions were not considered significant to the Company’s financial statements and therefore pro forma financial data and related disclosures are not included. On August 1, 2017, the Company acquired MCM. The purchase price was comprised of cash and common stock. The excess of the purchase price over the estimated fair value of the identifiable net assets was recorded as goodwill, none of which is tax deductible. On November 1, 2017, the Company acquired Quadrant. The purchase price was comprised of cash and common stock. The excess of the purchase price over the estimated fair value of the identifiable net assets was recorded as goodwill and is deductible for tax purposes. On September 1, 2018, the Company acquired Lassus Wherley. The purchase price was comprised of cash and common stock. The excess of the purchase price over the estimated fair value of the identifiable net assets was recorded as goodwill and is deductible for tax purposes. The fair value of the equity included as part of the consideration for the Company’s acquisitions was determined based on the closing price of the Company’s common shares on the acquisition date and totaled $4.3 million and $5.1 million in the aggregate for 2018 and 2017, respectively. The 2018 acquisition resulted in goodwill of $7.3 million as well as identifiable intangible assets Goodwill on the Company’s balance sheet totaled $24.4 million and $17.1 million as of December 31, 2018 and 2017, respectively. Of the $24.4 million of goodwill, $563 thousand relates to the Banking segment and $23.8 million relates to the Wealth Management segment. During 2018, the Company conducted its annual impairment analysis and concluded that there is no impairment of goodwill. The table below presents a rollforward of goodwill and intangible assets for the years ended December 31, 2018, 2017, and 2016: Identifiable (In thousands) Goodwill Intangible Assets Balance as of 1/1/16 $ 1,573 $ 1,659 Amortization during the period — 124 Balance as of 12/31/16 $ 1,573 $ 1,535 Acquisitions during the period $ 15,534 $ 5,466 Amortization during the period — 321 Balance as of 12/31/17 $ 17,107 $ 6,680 Acquisitions during the period $ 7,310 $ 2,440 Amortization and impairment during the period — 1,187 Balance as of 12/31/18 $ 24,417 $ 7,933 Amortization expense related to identifiable intangible assets was $1.2 million, $321 thousand, and $124 thousand for 2018, 2017, and 2016, respectively. The 2018 expense includes impairment expense of $405 thousand resulting from the passing of the founder and managing principal of MCM. Estimated amortization expense for each of the next five years is shown in the table below. (In thousands) 2019 $ 957 2020 950 2021 875 2022 698 2023 566

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	12 Months Ended
	Dec. 31, 2018
Stockholders Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME/ (LOSS)	21. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the years ended December 31, 2018, 2017 and 2016: Cumulative Amount Other Effect Reclassified Comprehensive Adjustment From Loss for Other Accumulated Twelve Months Balance at Adoption Comprehensive Other Ended Balance at December 31, of ASU Loss Before Comprehensive December 31, December 31, (In thousands) 2017 2016-01 Reclassifications Loss 2018 2018 Net unrealized holding loss on securities available for sale, net of tax $ (2,214 ) $ 127 $ (1,137 ) $ 218 $ (919 ) $ (3,006 ) Gains/(losses) on cash flow hedge 1,002 — (247 ) (94 ) (341 ) 661 Accumulated other comprehensive loss, net of tax $ (1,212 ) $ 127 $ (1,384 ) $ 124 $ (1,260 ) $ (2,345 ) Cumulative Amount Other Effect Reclassified Comprehensive Adjustment from Income for Other Accumulated Twelve Months Balance at Adoption Comprehensive Other Ended Balance at December 31, of ASU Loss Before Comprehensive December 31, December 31, (In thousands) 2016 2018-02 Reclassifications Income 2017 2017 Net unrealized holding loss on securities available for sale, net of tax $ (1,091 ) $ (392 ) $ (731 ) $ — $ (731 ) $ (2,214 ) (Losses)/gains on cash flow hedge (440 ) $ 177 $ 1,265 $ — $ 1,265 $ 1,002 Accumulated other comprehensive loss, net of tax $ (1,531 ) $ (215 ) $ 534 $ — $ 534 $ (1,212 ) Amount Other Reclassified Comprehensive Other from Loss Comprehensive Accumulated Twelve Months Balance at Loss Other Ended Balance at December 31, Before Comprehensive December 31, December 31, (In thousands) 2015 Reclassifications Loss 2016 2016 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ 408 $ (1,424 ) $ (75 ) $ (1,499 ) $ (1,091 ) (Losses)/gains on cash flow hedge $ (787 ) $ 347 $ — $ 347 $ (440 ) Accumulated other comprehensive loss, net of tax $ (379 ) $ (1,077 ) $ (75 ) $ (1,152 ) $ (1,531 ) The following represents the reclassifications out of accumulated other comprehensive income for the yearss ended December 31, 2018, 2017 and 2016: Twelve Months Ended December 31, (In thousands) 2018 2017 2016 Affected Line Item in Statements of Income Unrealized losses on securities available for sale: Reclassification adjustment for amounts included in net income $ 288 $ — $ 119 Securities losses, net Income tax benefit (70 ) — (44 ) Income tax expense Total reclassifications, net of tax $ 218 $ — $ 75 Unrealized gains on cash flow hedge derivatives: Reclassification adjustment for amounts included in net income $ (124 ) $ — $ — Interest expense Income tax expense 30 — — Tax effect Total reclassifications, net of tax $ (94 ) $ — $ —

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY)	22. CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) STATEMENTS OF CONDITION December 31, (In thousands) 2018 2017 Assets Cash $ 12,971 $ 14,563 Interest-earning deposits 517 515 Total cash and cash equivalents 13,488 15,078 Investment in subsidiary 535,277 469,622 Other assets 3,734 2,551 Total assets $ 552,499 $ 487,251 Liabilities Subordinated debt $ 83,193 $ 83,024 Other liabilities 293 549 Total liabilities 83,486 83,573 Shareholders’ equity Common stock 16,459 15,858 Surplus 309,088 283,552 Treasury stock (8,988 ) (8,988 ) Retained earnings 154,799 114,468 Accumulated other comprehensive loss (2,345 ) (1,212 ) Total shareholders’ equity 469,013 403,678 Total liabilities and shareholders’ equity $ 552,499 $ 487,251 STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Years Ended December 31, (In thousands) 2018 2017 2016 Income Dividend from Bank $ — $ — $ — Other income 4 2 1 Total income 4 2 1 Expenses Interest expenses 4,887 3,206 1,696 Other expenses 480 554 699 Total expenses 5,367 3,760 2,395 Loss before income tax benefit and equity in undistributed earnings of Bank (5,363 ) (3,758 ) (2,394 ) Income tax benefit (1,123 ) (1,313 ) (835 ) Net loss before equity in undistributed earnings of Bank (4,240 ) (2,445 ) (1,559 ) Equity in undistributed earnings of Bank/(dividends in excess of earnings) 48,410 38,942 28,036 Net income $ 44,170 $ 36,497 $ 26,477 Other comprehensive (loss)/income (1,260 ) 534 (1,152 ) Comprehensive income $ 42,910 $ 37,031 $ 25,325 STATEMENTS OF CASH FLOWS Years Ended December 31, (In thousands) 2018 2017 2016 Cash flows from operating activities: Net income $ 44,170 $ 36,497 $ 26,477 Undistributed earnings of Bank (48,410 ) (38,942 ) (28,036 ) Amortization of subordinated debt costs 171 135 71 Increase in other assets (1,183 ) (1,248 ) (889 ) Increase in other liabilities (256 ) 113 114 Net cash used in operating activities (5,508 ) (3,445 ) (2,263 ) Cash flows from investing activities: Capital contribution to subsidiary (9,322 ) (60,177 ) (57,823 ) Net cash used in investing activities (9,322 ) (60,177 ) (57,823 ) Cash flows from financing activities: Cash dividends paid on common stock (3,712 ) (3,548 ) (3,296 ) Exercise of stock options, net of stock swaps 275 690 1,069 Proceeds from issuance of subordinated debt — 34,125 48,693 Issuance of common shares (DRIP program) 16,677 36,588 22,461 Net cash provided by financing activities 13,240 67,855 68,927 Net (decrease)/increase in cash and cash equivalents (1,590 ) 4,233 8,841 Cash and cash equivalents at beginning of period 15,078 10,845 2,004 Cash and cash equivalents at end of period $ 13,488 $ 15,078 $ 10,845

SUPPLEMENTAL DATA (unaudited)

SUPPLEMENTAL DATA (unaudited)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
SUPPLEMENTAL DATA (unaudited)	23. SUPPLEMENTAL DATA (unaudited) The following table sets forth certain unaudited quarterly financial data for the periods indicated: Selected 2018 Quarterly Data: (In thousands, except per share data) March 31 June 30 September 30 December 31 Interest income $ 37,068 $ 39,674 $ 40,163 $ 42,781 Interest expense 8,675 10,431 12,021 13,396 Net interest income 28,393 29,243 28,142 29,385 Provision for loan losses 1,250 300 500 1,500 Wealth management fee income 8,367 8,126 8,200 8,552 Securities (losses)/gains, net (78 ) (36 ) (325 ) 46 Other income 1,926 3,650 3,108 2,657 Operating expenses 23,337 24,941 24,284 25,524 Income before income tax expense 14,021 15,742 14,341 13,616 Income tax expense 3,214 3,832 3,617 2,887 Net income $ 10,807 $ 11,910 $ 10,724 $ 10,729 Earnings per share-basic $ 0.58 $ 0.63 $ 0.56 $ 0.56 Earnings per share-diluted 0.57 0.62 0.56 0.55 Selected 2017 Quarterly Data: (In thousands, except per share data) March 31 June 30 September 30 December 31 Interest income $ 31,385 $ 33,412 $ 37,491 $ 36,439 Interest expense 5,794 6,440 7,499 7,853 Net interest income 25,591 26,972 29,992 28,586 Provision for loan losses 1,600 2,200 400 1,650 Wealth management fee income 4,818 5,086 5,790 7,489 Securities gains/(losses), net — — — — Other income 2,201 3,085 3,041 3,117 Operating expenses 19,304 20,095 21,961 24,251 Income before income tax expense 11,706 12,848 16,462 13,291 Income tax expense 3,724 4,908 6,256 2,922 Net income $ 7,982 $ 7,940 $ 10,206 $ 10,369 Earnings per share-basic $ 0.47 $ 0.45 $ 0.57 $ 0.57 Earnings per share-diluted 0.46 0.45 0.56 0.56

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation and Organization	Principles of Consolidation and Organization: The consolidated financial statements of the Company are prepared on the accrual basis and include the accounts of the Company and its wholly-owned subsidiary, Peapack-Gladstone Bank (the “Bank”). The consolidated financial statements also include the Bank’s wholly-owned subsidiaries, PGB Trust & Investments of Delaware, Peapack Capital Corporation (formed in the second quarter of 2017), Murphy Capital Management (“MCM”) (acquired in the third quarter of 2017), Quadrant Capital Management (“Quadrant”) (acquired in the fourth quarter of 2017), Lassus Wherley and Associates (“Lassus Wherley”) (acquired in the third quarter of 2018), Peapack-Gladstone Mortgage Group, Inc. and Peapack-Gladstone Mortgage Group’s wholly-owned subsidiary, PG Investment Company of Delaware, Inc. and its wholly-owned subsidiary, Peapack-Gladstone Realty, Inc., a New Jersey real estate investment company. While the following footnotes include the collective results of the Company and the Bank, these footnotes primarily reflect the Bank’s and its subsidiaries’ activities. All significant intercompany balances and transactions have been eliminated from the accompanying consolidated financial statements. Business: The Bank is a commercial bank that provides innovative private banking services to businesses, non-profits and consumers. Wealth management services are also provided through its subsidiaries, PGB Trust & Investments of Delaware, MCM, Quadrant and Lassus Wherley. The Bank is subject to competition from other financial institutions, is regulated by certain federal and state agencies and undergoes periodic examinations by those regulatory authorities.
Basis of Financial Presentation	Basis of Financial Statement Presentation : The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles. In preparing the financial statements, Management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the statement of condition and revenues and expenses for that period. Actual results could differ from those estimates.
Segment Information	Segment Information : The Company’s business is conducted through two business segments: its banking subsidiary, which involves the delivery of loan and deposit products to customers, and the Private Wealth Management Division, which includes asset management services provided for individuals and institutions. Management uses certain methodologies to allocate income and expense to the business segments. The Banking segment includes commercial (includes C&I and equipment financing), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; operation of ATMs; telephone and internet banking services; merchant credit card services and customer support sales. Peapack-Gladstone Bank’s Private Wealth Management Division includes: investment management services for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian and guardian; and other financial planning and advisory services. This segment also includes the activity from the Delaware subsidiary, PGB Trust and Investments of Delaware, MCM, QCM and Lassus Wherley. Wealth management fees are primarily earned over time as the Company provides the contracted monthly or quarterly services and are generally assessed based on a tiered scale of the market value of AUM at month-end. Fees that are transaction based, including trade execution services, are recognized at the point in time that the transaction is executed (i.e. trade date).
Cash and Cash Equivalents	Cash and Cash Equivalents: For purposes of the statements of cash flows, cash and cash equivalents include cash and due from banks, interest-earning deposits and federal funds sold. Generally, federal funds are sold for one-day periods. Cash equivalents are of original maturities of 90 days or less. Net cash flows are reported for customer loan and deposit transactions and overnight borrowings.
Interest-Earning Deposits in Other Financial Institutions	Interest-Earning Deposits in Other Financial Institutions : Interest-earning deposits in other financial institutions mature within one year and are carried at cost.
Securities	Securities : All debt securities are classified as available for sale and are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax, with the exception of the Company’s investment in a CRA investment fund, which is classified as an equity security. In accordance with ASU 2016-01, “Financial Instruments” (adopted January 1, 2018) unrealized holding gains and losses on equity securities are marked to market through the income statement. 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 are 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 is 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.
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 a member of the FHLB system. Members are required to own a certain amount of FHLB stock, based on the level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security and periodically evaluated for impairment based on ultimate recovery of par value. Dividends are reported as income. The Bank is also a member of the Federal Reserve Bank of New York and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Dividends are reported as income.
Loans Held for Sale	Loans Held for Sale: Mortgage loans originated with the intent to sell in the secondary market are carried at fair value, as determined by outstanding commitments from investors. Mortgage loans held for sale are generally sold with servicing rights released; therefore, no servicing rights are recorded. Gains and losses on sales of mortgage loans, shown as gain on sale of loans on the Statement of Income, are based on the difference between the selling price and the carrying value of the related loan sold. 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 $35.1 million and $20.1 million as of December 31, 2018 and 2017, respectively. SBA loans held for sale totaled $1.2 million and $187 thousand as of December 31, 2018 and 2017, respectively. The servicing asset recorded was not material. 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 that Management has the intent and ability to hold for the foreseeable future or until maturity are stated at the principal amount outstanding. Interest on loans is recognized based upon the principal amount outstanding. Loans are stated at face value, less purchased premium and discounts and net deferred fees. Loan origination fees and certain direct loan origination costs are deferred and recognized on a level-yield method, over the life of the loan as an adjustment to the loan’s yield. The definition of recorded investment in loans includes accrued interest receivable and deferred fees/cost, however, for the Company’s loan disclosures, accrued interest and deferred fees/costs was excluded as the impact was not material. Loans are considered past due when they are not paid within 30 days 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 consecutive 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 New Jersey and New York.
Allowance for Loan Losses	Allowance for Loan Losses: The allowance for loan and lease losses is a valuation allowance for credit losses that is Management’s estimate of inherent losses in the loan portfolio. The process to determine reserves utilizes analytic tools and Management judgment and is reviewed on a quarterly basis. When Management is reasonably certain that a loan balance is not fully collectable, an impairment analysis is completed whereby a specific reserve may be established or a full or partial charge off is recorded against the allowance. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the size and composition of the portfolio, information about specific borrower situations, estimated collateral values, economic conditions and other factors. Allocations of the allowance may be made for specific loans via a specific reserve, but the entire allowance is available for any loan that, in Management’s judgment, should be charged off. 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 Bank 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 staffing and experience; 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 both December 31, 2018 and December 31, 2017, the multiple was 2.25 times for non-impaired special mention loans and 3.5 times for non-impaired substandard 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 Asset risk in PCC’s portfolio is generally recognized through changes to loan income, or through changes to lease related income streams due to fluctuations in lease rates. Changes to lease income can occur when the existing lease contract expires, the asset comes off lease or the business seeks to enter a new lease agreement. Asset risk may also change depreciation, resulting from changes in the residual value of the operating lease asset or through impairment of the asset carrying value, which can occur at any time during the life of the asset. Credit risk in PCC’s portfolio generally results from the potential default of borrowers or lessees, which may be driven by customer specific or broader industry related conditions. Credit losses can impact multiple parts of the income statement including loss of interest/lease/rental income and/or via higher costs and expenses related to the repossession, refurbishment, re-marketing and or re-leasing of assets. Consumer and Other
Premises and Equipment	Premises and Equipment: Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation charges are computed using the straight-line method. Equipment and other fixed assets are depreciated over the estimated useful lives, which range from three to ten years. Premises are depreciated over the estimated useful life of 40 years, while leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the term of the lease. Expenditures for maintenance and repairs are expensed as incurred. The cost of major renewals and improvements are capitalized. Gains or losses realized on routine dispositions are recorded as other income or other expense.
Other Real Estate Owned (OREO)	Other Real Estate Owned (OREO): OREO acquired through foreclosure on loans secured by real estate is initially recorded at fair value, less estimated costs to sell. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The assets are subsequently accounted for at the lower of cost or fair value, as established by a current appraisal, less estimated costs to sell. Any write-downs at the date of foreclosure are charged to the allowance for loan losses. Expenses incurred to maintain these properties, losses resulting from write-downs after the date of foreclosure, and realized gains and losses upon sale of the properties are included in other noninterest expense and other noninterest income, as appropriate.
Bank Owned Life Insurance (BOLI)	Bank Owned Life Insurance (BOLI): The Bank has purchased life insurance policies on certain key executives. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Derivatives	Derivatives: At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), or (3) an instrument with no hedging designation. For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Income Taxes	Income Taxes: The Company files a consolidated Federal income tax return. Separate state income tax returns are filed for each subsidiary based on current laws and regulations. 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 2014 or by state and local tax authorities for years prior to 2013. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
Employee Savings and Investment Plan	Employee’s Savings and Investment Plan: The Company has a 401(k) profit-sharing and investment plan, which covers substantially all salaried employees over the age of 21 with at least 12 months of service. The Company made contributions of $1.0 million and $889 thousand in Company common stock during 2018 and 2017.
Stock-Based Compensation	Stock-Based Compensation: Compensation cost is recognized for stock options and restricted stock awards/units issued to employees and non-employee directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the fair value of the Company’s common stock at the date of grant is used for restricted stock awards/units. Compensation expense is recognized over the required service or performance period, generally defined as the vesting period. For awards with graded vesting, compensation expense is recognized on a straight-line basis over the requisite service period. The stock options granted under these plans are exercisable at a price equal to the fair value of common stock on the date of grant and expire not more than ten years after the date of grant.
Employee Stock Purchase Plan	Employee Stock Purchase Plan (“ESPP”): On April 22, 2014, the shareholders of the Company approved the 2014 ESPP. The ESPP provides for the granting of rights to purchase up to 150,000 shares of Peapack-Gladstone Financial Corporation common stock. Subject to certain eligibility requirements and restrictions, the ESPP allows employees to purchase shares during four three-month offering periods (“Offering Period”). Each participant in the Offering Period is granted an option to purchase a number of shares and may contribute between one percent and 15 percent of their compensation. At the end of each Offering Period on the purchase date, the number of shares to be purchased by the employee is determined by dividing the employee’s contributions accumulated during the Offering Period by the applicable purchase price. The purchase price is an amount equal to 85 percent of the closing market price of a share of common stock on the purchase date. Participation in the ESPP is entirely voluntary and employees can cancel their purchases at any time during the period without penalty. The fair value of each share purchase right is determined using the Black-Scholes option pricing model. The Company recorded $189 thousand, $116 thousand and $100 thousand of expense in salaries and employee benefits expense for the twelve months ended December 31, 2018, 2017 and 2016. Total shares issued under the ESPP were 29,273, 25,404 and 32,190 during 2018, 2017 and 2016, respectively.
Earnings per share - Basic and Diluted	Earnings Per Share (“EPS”): In calculating earnings per share, there are no adjustments to net income available to common shareholders, which is the numerator of both the Basic and Diluted EPS. The weighted average number of shares outstanding used in the denominator for Diluted EPS is increased over the denominator used for Basic EPS by the effect of potentially dilutive common stock equivalents utilizing the treasury stock method. Common stock options outstanding are common stock equivalents, as are restricted stock units until vested. Earnings and dividends per share are restated for all stock splits and stock dividends through the date of issuance of the financial statements. The following table shows the calculation of both basic and diluted earnings per share for the years ended December 31, 2018, 2017 and 2016: (In thousands, except share and per share data) 2018 2017 2016 Net income available to common shareholders $ 44,170 $ 36,497 $ 26,477 Basic weighted average shares outstanding 18,965,305 17,659,625 16,318,868 Plus: common stock equivalents 183,340 284,060 196,130 Diluted weighted average shares outstanding 19,148,645 17,943,685 16,514,998 Earnings per share: Basic $ 2.33 $ 2.07 $ 1.62 Diluted 2.31 2.03 1.60 As of December 31, 2018, restricted stock units totaling 257,422 were not included in the computation of diluted earnings per share because they were anti-dilutive. There were no stock options or restricted stock units excluded in the computation of diluted earnings per share for the year ended December 31, 2017 because they were all dilutive, meaning that the exercise price of the option was greater than the average market price for the period. Stock options totaling 2,479 shares were not included in the computation of diluted earnings per share in the year ended December 31, 2016, because they were considered anti-dilutive. Anti-dilutive shares are common stock equivalents with weighted average exercise prices in excess of the average market value for the periods presented.
Loss Contingencies	Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any such matters that will have a material effect on the financial statements.
Restrictions on cash	Restrictions on Cash: Cash on hand or on deposit with the Federal Reserve Bank of New York was required to meet regulatory reserve and clearing requirements.
Comprehensive Income	Comprehensive Income: Comprehensive income consists of net income and the change during the period in the Company’s net unrealized gains or losses on securities available for sale and unrealized gains and losses on cash flow hedge, net of tax, less adjustments for realized gains and losses.
Equity	Equity: Stock dividends in excess of 20 percent are reported by transferring the par value of the stock issued from retained earnings to common stock. Stock dividends for 20 percent or less are reported by transferring the fair value, as of the ex-dividend date, of the stock issued from retained earnings to common stock and additional paid-in capital. Fractional share amounts are paid in cash with a reduction in retained earnings. Treasury stock is carried at cost.
Transfers of Financial Assets	Transfers of Financial Assets: Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets: Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree (if any), over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exists that indicate that a goodwill impairment test should be performed. The Company has selected December 31 as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill and assembled workforce are the intangible asset with an indefinite life on our balance sheet. Other intangible assets primarily consist of customer relationship intangible assets arising from acquisition are amortized on an accelerated method over their estimated useful lives, which range from 5 to 15 years.
Reclassification	Reclassification: Certain reclassifications have been made in the prior periods’ financial statements in order to conform to the 2018 presentation and had no effect on the consolidated income statements or the consolidated statements of changes in shareholders’ equity.
New Accounting Policies	New Accounting Policies: On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)” and all subsequent amendments to the ASU (collectively, “ASC 606”). The majority of the Company’s revenues come from interest income, income from bank owned life insurance, gains on sales of loans and securities and derivatives income that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 include wealth management fee income, investment brokerage fees, service charges and fees, sale of OREO and other income are presented within Non-Interest Income. Refer to footnote 8 “Revenue from Contracts with Customers” for further discussion on the Company’s accounting policies for revenue sources within the scope of ASC 606. The adoption of this guidance has not changed the recognition of our current revenue sources and did not have a material impact to the consolidated financial statements. 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 recorded a cumulative effect adjustment for its sole equity instrument to the balance sheet as of January 1, 2018 in the amount of $127 thousand, representing the unrealized loss of $176 thousand at December 31, 2017 net of taxes of $49 thousand. The Company adopted the guidance effective January 1, 2018. Upon adoption, the fair value of the Company’s loan portfolio is now presented using an exit price method. 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. In July 2018, the FASB issued ASU 2018-11 “Leases (Topic 842) Targeted Improvements” which allows entities adopting ASU No. 2016-02 to choose an additional transition method, under which an entity to initially applies the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The amendment in this update becomes effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. The Company has elected the transition method permitted by ASU No. 2018-11 under which an entity shall recognize and measure leases that exist at the application date and prior comparative periods are not adjusted. Upon adoption of the new lease guidance on January 1, 2019, the Company recorded a lease liability of approximately $8.2 million, a right-of-use-asset of approximately $7.9 million and a cumulative effect adjustment to retained earnings of approximately $658 thousand. 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 a material 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 consolidated 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 consolidated statement of cash flows as a result of the adoption 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 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 updated guidance makes targeted changes to the existing hedge accounting model to better align the accounting rules with a company’s risk management activities, and to simplify the application of the hedge accounting model. ASU 2017-12 expands the types of transactions eligible for hedge accounting, eliminates the requirement to separately measure and present hedge ineffectiveness, simplifies the way assessments of hedge ineffectiveness may be performed and relaxes the documentation requirements for entering into hedging positions. 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 early adopted ASU 2017-12 on July 1, 2018. 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. The adoption of ASU 2017-12 did not have a significant impact on the Company’s consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” The ASU required a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate as a result of the Tax Cuts and Jobs Act. The amount of the reclassification is the difference between the historical corporate income tax rate and the newly enacted twenty-one percent corporate income tax rate. The Company chose to early adopt the new standard for the year ending December 31, 2017, as allowed under the new standard. The amount of the reclassification for the Company was $215 thousand. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of calculation of basic and diluted earnings per share	The following table shows the calculation of both basic and diluted earnings per share for the years ended December 31, 2018, 2017 and 2016: (In thousands, except share and per share data) 2018 2017 2016 Net income available to common shareholders $ 44,170 $ 36,497 $ 26,477 Basic weighted average shares outstanding 18,965,305 17,659,625 16,318,868 Plus: common stock equivalents 183,340 284,060 196,130 Diluted weighted average shares outstanding 19,148,645 17,943,685 16,514,998 Earnings per share: Basic $ 2.33 $ 2.07 $ 1.62 Diluted 2.31 2.03 1.60

INVESTMENT SECURITIES AVAILAB_2

INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2018
Investment Securities Available For Sale [Abstract]
Schedule of Amortized Cost and Approximate Fair Value of 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 December 31, 2018 and 2017 follows: 2018 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 102,915 $ 82 $ (984 ) $ 102,013 Mortgage-backed securities-residential 254,383 418 (3,439 ) 251,362 SBA pool securities 3,883 — (44 ) 3,839 State and political subdivisions 17,729 27 (146 ) 17,610 Corporate bond 3,000 112 — 3,112 Total $ 381,910 $ 639 $ (4,613 ) $ 377,936 2017 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 44,476 $ — $ (775 ) $ 43,701 Mortgage-backed securities-residential 244,913 583 (2,380 ) 243,116 SBA pool securities 5,262 — (57 ) 5,205 State and political subdivisions 24,910 87 (129 ) 24,868 Corporate bond 3,000 82 — 3,082 Single-issuer trust preferred security 2,999 — (162 ) 2,837 CRA investment fund 5,000 — (176 ) 4,824 Total $ 330,560 $ 752 $ (3,679 ) $ 327,633
Schedule of Securities by Maturity	The amortized cost and fair value of investment securities available for sale as of December 31, 2018, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity, such as mortgage-backed securities, marketable equity securities are shown separately. Maturing in: (In thousands) Amortized Cost Fair Value One year or less $ 5,474 $ 5,476 After one year through five years 34,189 33,545 After five years through ten years 81,184 80,916 After ten years 2,797 2,798 123,644 122,735 Mortgage-backed securities-residential 254,383 251,362 SBA pool securities 3,883 3,839 Total $ 381,910 $ 377,936
Schedule of Gross Gains, Gross Losses and Net Tax Expense	The following is a summary of the gross gains, gross losses and net tax expense related to proceeds on sales of securities available for sale for the years ended December 31: (In thousands) 2018 2017 2016 Proceeds on sales $ 19,542 $ — $ 5,499 Gross gains 45 — 133 Gross losses (333 ) — (14 ) Net tax (benefit)/expense (68 ) — 44
Schedule of Continuous Unrealized Loss Position and the Approximate Fair Value of these Investments	The following table presents the Company’s available for sale securities with continuous unrealized losses and the approximate fair value of these investments as of December 31, 2018 and 2017. 2018 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 $ 18,840 $ (103 ) $ 33,600 $ (881 ) $ 52,440 $ (984 ) Mortgage-backed securities-residential 51,697 (303 ) 136,130 (3,136 ) 187,827 (3,439 ) SBA pool securities — — 3,839 (44 ) 3,839 (44 ) State and political subdivisions 421 (1 ) 7,274 (145 ) 7,695 (146 ) Total $ 70,958 $ (407 ) $ 180,843 $ (4,206 ) $ 251,801 $ (4,613 ) 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 $ 32,166 $ (317 ) $ 11,535 $ (458 ) $ 43,701 $ (775 ) Mortgage-backed securities-residential 116,774 (1,000 ) 71,646 (1,380 ) 188,420 (2,380 ) SBA pool securities — — 5,205 (57 ) 5,205 (57 ) State and political subdivisions 5,628 (97 ) 3,760 (32 ) 9,388 (129 ) Single-issuer trust preferred security — — 2,837 (162 ) 2,837 (162 ) CRA investment fund — — 4,824 (176 ) 4,824 (176 ) Total $ 154,568 $ (1,414 ) $ 99,807 $ (2,265 ) $ 254,375 $ (3,679 )

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Schedule of composition of loans categorized by the type of loan	The following table presents loans outstanding, by type of loan, as of December 31: % of Total % of Total (Dollars in thousands) 2018 Loans 2017 Loans Residential mortgage $ 571,570 14.55 % $ 576,356 15.56 % Multifamily mortgage 1,135,805 28.92 1,388,958 37.49 Commercial mortgage 702,165 17.88 626,656 16.92 Commercial loans (including equipment financing) 1,397,057 35.57 958,294 25.87 Home equity lines of credit 62,191 1.58 67,497 1.82 Consumer loans, including fixed rate home equity loans 58,678 1.49 86,277 2.33 Other loans 465 0.01 402 0.01 Total loans $ 3,927,931 100.00 % $ 3,704,440 100.00 % 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 December 31: % of Total % of Total (Dollars in thousands) 2018 Loans 2017 Loans Primary residential mortgage $ 600,891 15.31 % $ 605,569 16.35 % Home equity lines of credit 62,191 1.58 67,497 1.82 Junior lien loan on residence 7,418 0.19 7,073 0.19 Multifamily property 1,135,805 28.94 1,388,958 37.51 Owner-occupied commercial real estate 261,193 6.65 253,492 6.85 Investment commercial real estate 1,001,918 25.53 874,098 23.61 Commercial and industrial 616,838 15.72 316,294 8.54 Lease financing 172,643 4.40 90,052 2.43 Farmland/Agricultural production 149 0.01 160 0.01 Commercial construction 86 0.01 92 0.01 Consumer and other 65,180 1.66 99,247 2.68 Total loans $ 3,924,312 100.00 % $ 3,702,532 100.00 % Net deferred costs 3,619 1,908 Total loans including net deferred costs $ 3,927,931 $ 3,704,440
Schedule of loans to executives and directors	The following table shows the changes in loans to officers, directors or their associates: (In thousands) 2018 2017 Balance, beginning of year $ 4,688 $ 4,788 New loans 2,174 511 Repayments (2,288 ) (611 ) Loans with individuals no longer considered related parties — — Balance, at end of year $ 4,574 $ 4,688
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 segment, based on impairment method, and the corresponding balances in the allowance for loan losses (“ALLL”) as of December 31, 2018 and 2017: December 31, 2018 Total Ending ALLL Total Ending ALLL Loans Attributable Loans Attributable Individually to Loans Collectively to Loans Evaluated Individually Evaluated Collectively Total for Evaluated for for Evaluated for Total Ending (In thousands) Impairment Impairment Impairment Impairment Loans ALLL Primary residential mortgage $ 9,518 $ 262 $ 591,373 $ 3,244 $ 600,891 $ 3,506 Home equity lines of credit 255 — 61,936 164 62,191 164 Junior lien loan on residence 36 — 7,382 15 7,418 15 Multifamily property 1,262 — 1,134,543 5,959 1,135,805 5,959 Owner-occupied commercial real estate 1,574 — 259,619 2,614 261,193 2,614 Investment commercial real estate 18,655 — 983,263 14,248 1,001,918 14,248 Commercial and industrial — — 616,838 9,839 616,838 9,839 Lease financing — — 172,643 1,772 172,643 1,772 Secured by farmland and agricultural production — — 149 2 149 2 Commercial construction — — 86 1 86 1 Consumer and other — — 65,180 384 65,180 384 Total ALLL $ 31,300 $ 262 $ 3,893,012 $ 38,242 $ 3,924,312 $ 38,504 December 31, 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 ALLL Primary residential mortgage $ 9,802 $ 482 $ 595,767 $ 3,603 $ 605,569 $ 4,085 Home equity lines of credit 27 — 67,470 221 67,497 221 Junior lien loan on residence 52 — 7,021 12 7,073 12 Multifamily property — — 1,388,958 10,007 1,388,958 10,007 Owner-occupied commercial real estate 2,503 — 250,989 2,385 253,492 2,385 Investment commercial real estate 10,681 40 863,417 11,893 874,098 11,933 Commercial and industrial — — 316,294 6,563 316,294 6,563 Lease financing — — 90,052 884 90,052 884 Secured by farmland and agricultural production — — 160 — 160 — Commercial construction — — 92 1 92 1 Consumer and other — — 99,247 349 99,247 349 Total ALLL $ 23,065 $ 522 $ 3,679,467 $ 35,918 $ 3,702,532 $ 36,440
Schedule of loans individually evaluated for impairment	The following tables present loans individually evaluated for impairment by class of loans as of December 31, 2018 and 2017: December 31, 2018 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 9,789 $ 8,502 $ — $ 8,042 Owner-occupied commercial real estate 2,741 1,574 — 2,025 Investment commercial real estate 20,179 18,655 — 13,999 Home equity lines of credit 257 255 — 123 Junior lien loan on residence 102 36 — 45 Multifamily 1,262 1,262 — 105 Total loans with no related allowance $ 34,330 $ 30,284 $ — $ 24,339 With related allowance recorded: Primary residential mortgage $ 1,016 $ 1,016 $ 262 $ 1,144 Total loans with related allowance $ 1,016 $ 1,016 $ 262 $ 1,144 Total loans individually evaluated for impairment $ 35,346 $ 31,300 $ 262 $ 25,483 December 31, 2017 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 9,607 $ 8,388 $ — $ 10,847 Owner-occupied commercial real estate 3,238 2,503 — 1,568 Investment commercial real estate 9,564 9,500 — 9,971 Home equity lines of credit 29 27 — 38 Junior lien loan on residence 110 52 — 92 Total loans with no related allowance $ 22,548 $ 20,470 $ — $ 22,516 With related allowance recorded: Primary residential mortgage $ 1,435 $ 1,414 $ 482 $ 1,399 Investment commercial real estate 1,181 1,181 40 1,198 Total loans with related allowance $ 2,616 $ 2,595 $ 522 $ 2,597 Total loans individually evaluated for impairment $ 25,164 $ 23,065 $ 522 $ 25,113
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 December 31, 2018 and 2017: December 31, 2018 Loans Past Due Over 90 Days and Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 5,215 $ — Home equity lines of credit 235 — Junior lien loan on residence 36 — Owner-occupied commercial real estate 1,574 — Investment commercial real estate 18,655 — Total $ 25,715 $ — December 31, 2017 Loans Past Due Over 90 Days and Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 6,056 $ — Home equity lines of credit 6 — Junior lien loan on residence 52 — Owner-occupied commercial real estate 2,503 — Investment commercial real estate 4,913 — Total $ 13,530 $ —
Schedule of aging of past due loans	The following tables present the recorded investment in past due loans as of December 31, 2018 and 2017 by class of loans, excluding nonaccrual loans: December 31, 2018 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 606 $ 491 $ — $ 1,097 Consumer and other 2 — — 2 Total $ 608 $ 491 $ — $ 1,099 December 31, 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 $ 216 $ — $ — $ 216 Consumer and other 30 — — 30 Total $ 246 $ — $ — $ 246
Schedule of the risk category of loans by class of loans	The table below presents, based on the most recent analysis performed, the risk category of loans by class of loans for December 31, 2018 and 2017. December 31, 2018 Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 590,372 $ 943 $ 9,576 $ — Home equity lines of credit 61,936 — 255 — Junior lien loan on residence 7,382 — 36 — Multifamily property 1,130,926 3,263 1,616 — Owner-occupied commercial real estate 255,417 249 5,527 — Investment commercial real estate 948,300 20,756 32,862 — Commercial and industrial 608,262 417 8,159 — Lease financing 172,643 — — — Secured by farmland and agricultural 149 — — — Commercial construction — 86 — — Consumer and other loans 64,946 — 234 — Total $ 3,840,333 $ 25,714 $ 58,265 $ — December 31, 2017 Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 594,846 $ 866 $ 9,857 $ — Home equity lines of credit 67,470 — 27 — Junior lien loan on residence 7,021 — 52 — Multifamily property 1,371,825 16,755 378 — Owner-occupied commercial real estate 249,003 837 3,652 — Investment commercial real estate 827,558 23,377 23,163 — Commercial and industrial 306,341 7,488 2,465 — Lease financing 90,052 — — — Secured by farmland and agricultural 160 — — — Commercial construction — 92 — — Consumer and other loans 97,135 — 2,112 — Total $ 3,611,411 $ 49,415 $ 41,706 $ —
Schedule of Activity in Allowance for Loan and Lease Losses	The tables below present a roll forward of the ALLL for the years ended December 31, 2018, 2017 and 2016. January 1, December 31, 2018 2018 Beginning Provision Ending (In thousands) ALLL Charge-Offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,085 $ (138 ) $ 160 $ (601 ) $ 3,506 Home equity lines of credit 221 — 10 (67 ) 164 Junior lien loan on residence 12 — 68 (65 ) 15 Multifamily property 10,007 — — (4,048 ) 5,959 Owner-occupied commercial real estate 2,385 (361 ) 66 524 2,614 Investment commercial real estate 11,933 (1,335 ) 45 3,605 14,248 Commercial and industrial 6,563 (46 ) 109 3,213 9,839 Lease financing 884 — — 888 1,772 Secured by farmland and agricultural — — — 2 2 Commercial construction 1 — — — 1 Consumer and other 349 (68 ) 4 99 384 Total ALLL $ 36,440 $ (1,948 ) $ 462 $ 3,550 $ 38,504 January 1, December 31, 2017 2017 Beginning Provision Ending (In thousands) ALLL Charge-Offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,666 $ (889 ) $ 173 $ 1,135 $ 4,085 Home equity lines of credit 233 (23 ) 62 (51 ) 221 Junior lien loan on residence 16 (99 ) 26 69 12 Multifamily property 11,192 — — (1,185 ) 10,007 Owner-occupied commercial real estate 1,774 (734 ) — 1,345 2,385 Investment commercial real estate 10,909 (123 ) 23 1,124 11,933 Commercial and industrial 4,164 (76 ) 115 2,360 6,563 Lease financing — — — 884 884 Secured by farmland and agricultural 2 — — (2 ) — Commercial construction 9 — — (8 ) 1 Consumer and other 243 (77 ) 4 179 349 Total ALLL $ 32,208 $ (2,021 ) $ 403 $ 5,850 $ 36,440 January 1, December 31, 2016 2016 Beginning Provision Ending (In thousands) ALLL Charge-Offs Recoveries (Credit) ALLL Primary residential mortgage $ 2,297 $ (1,047 ) $ 28 $ 2,388 $ 3,666 Home equity lines of credit 86 (91 ) 15 223 233 Junior lien loan on residence 66 — 140 (190 ) 16 Multifamily property 11,813 — — (621 ) 11,192 Owner-occupied commercial real estate 1,679 (11 ) 72 34 1,774 Investment commercial real estate 7,590 (520 ) 246 3,593 10,909 Commercial and industrial 2,209 (16 ) 29 1,942 4,164 Secured by farmland and agricultural 2 — — — 2 Commercial construction 2 — — 7 9 Consumer and other 112 (5 ) 12 124 243 Total ALLL $ 25,856 $ (1,690 ) $ 542 $ 7,500 $ 32,208
Schedule of loans modified as troubled debt restructurings	The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2018: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 2 $ 909 $ 909 Investment commercial real estate 1 $ 15,202 $ 15,202 Total 3 $ 16,111 $ 16,111 The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2017: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 6 $ 1,223 $ 1,223 Total 6 $ 1,223 $ 1,223 The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2016: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 7 $ 4,691 $ 4,691 Junior lien loan on residence 1 63 63 Commercial and industrial 1 26 26 Total 9 $ 4,780 $ 4,780 The following table presents loans by class modified as troubled debt restructurings during the year ended December 31, 2017 for which there was a payment default during the same period: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 336 Total 1 $ 336 The following table presents loans by class modified as troubled debt restructurings during the year ended December 31, 2016 for which there was a payment default during the same period: Number of Recorded (Dollars in thousands) Contracts Investment Primary residential mortgage 1 $ 269 Total 1 $ 269

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Schedule of premises and equipment	The following table presents premises and equipment as of December 31, (In thousands) 2018 2017 Land and land improvements $ 6,243 $ 6,235 Buildings 12,653 12,589 Furniture and equipment 20,644 19,553 Leasehold improvements 11,943 11,819 Projects in progress 145 329 Capital lease asset 11,237 11,237 62,865 61,762 Less: accumulated depreciation 35,457 32,286 Total $ 27,408 $ 29,476 The Company has included leases in premises and equipment as follows: (In thousands) 2018 2017 Land and buildings $ 11,237 $ 11,237 Less: accumulated depreciation 5,411 4,663 Total $ 5,826 $ 6,574
Schedule of future minimum lease payments under capitalized leases	The following is a schedule by year of future minimum lease payments under capital leases, together with the present value of net minimum lease payments as of December 31, 2018: (In thousands) 2019 $ 1,146 2020 1,195 2021 1,233 2022 1,391 2023 1,456 Thereafter 3,739 Total minimum lease payments 10,160 Less: amount representing interest 1,798 Present value of net minimum lease payments $ 8,362

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2018
Other Real Estate [Abstract]
Schedule of activity in other real estate owned and related valuation allowance	The following table shows the activity in other real estate owned, excluding the valuation allowance, for the years ended December 31: (In thousands) 2018 2017 Balance, beginning of year $ 2,090 $ 534 OREO properties added — 2,090 Sales during year (2,090 ) (534 ) Balance, end of year $ — $ 2,090 The following table shows the activity in the valuation allowance for the years ended December 31: (In thousands) 2018 2017 2016 Balance, beginning of year $ — $ — $ 2,670 Additions charged to expense 232 — — Direct writedowns (232 ) — (2,670 ) Balance, end of year $ — $ — $ —
Schedule of expenses related to other real estate owned	The following table shows expenses related to other real estate owned for the years ended December 31: (In thousands) 2018 2017 2016 Net loss/(gain) on sales $ 58 $ — $ (5 ) Provision for unrealized losses 232 — — Operating expenses, net of rental income 190 117 59 Total $ 480 $ 117 $ 54

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Schedule of deposit liabilities	The following table sets forth the details of total deposits as of December 31: (Dollars in thousands) 2018 2017 Noninterest-bearing demand deposits $ 463,926 11.91 % $ 539,304 14.59 % Interest-bearing checking 1,247,305 32.02 1,152,483 31.16 Savings 114,674 2.94 119,556 3.23 Money market 1,243,369 31.92 1,091,385 29.51 Certificates of deposit - retail 510,724 13.12 344,652 9.32 Certificates of deposit - listing service 79,195 2.03 198,383 5.36 Interest-bearing demand - Brokered 180,000 4.62 180,000 4.87 Certificates of deposit - Brokered 56,147 1.44 72,591 1.96 Total deposits $ 3,895,340 100.00 % $ 3,698,354 100.00 %
Schedule of maturities of time deposits	The scheduled maturities of time deposits as of December 31, 2018 are as follows: (In thousands) 2019 $ 406,992 2020 115,018 2021 41,835 2022 17,914 2023 12,424 Over 5 Years 51,883 Total $ 646,066

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of maturity dates of the advances and other borrowings	The scheduled principal repayments and maturities of advances as of December 31, 2018 are as follows: (In thousands) 2019 $ 3,000 2020 - 2021 60,000 2022 20,000 2023 25,000 Over 5 years - Total $ 108,000

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Company has elected the fair value option: Fair Value Measurements Using Quoted Prices In Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs (In thousands) December 31, 2018 (Level 1) (Level 2) (Level 3) Assets: Securities available for sale: U.S. government-sponsored agencies $ 102,013 $ — $ 102,013 $ — Mortgage-backed securities-residential 251,362 — 251,362 — SBA pool securities 3,839 — 3,839 — State and political subdivisions 17,610 — 17,610 — Corporate bond 3,112 — 3,112 — CRA investment fund 4,719 4,719 — — Loans held for sale, at fair value 1,576 — 1,576 — Derivatives: Cash flow hedges 1,657 — 1,657 — Loan level swaps 9,689 — 9,689 — Total $ 395,577 $ 4,719 $ 390,858 $ — Liabilities: Derivatives: Cash flow hedges $ (849 ) $ — $ (849 ) $ — Loan level swaps (9,689 ) — (9,689 ) — Total $ (10,538 ) $ — $ (10,538 ) $ — (In thousands) December 31, 2017 Assets: Securities available for sale: U.S. government-sponsored agencies $ 43,701 $ — $ 43,701 $ — Mortgage-backed securities-residential 243,116 — 243,116 — SBA pool securities 5,205 — 5,205 — State and political subdivisions 24,868 — 24,868 — Corporate bond 3,082 — 3,082 — Single-issuer trust preferred security 2,837 — 2,837 — CRA investment fund 4,824 4,824 — — Loans held for sale, at fair value 984 — 984 — Derivatives: Cash flow hedges 1,394 — 1,394 — Loan level swaps 3,131 — 3,131 — Total $ 333,142 $ 4,824 $ 328,318 $ — Liabilities: Derivatives: Cash flow hedges $ — $ — $ — $ — Loan level swaps (3,131 ) — (3,131 ) — Total $ (3,131 ) $ — $ (3,131 ) $ —
Schedule of residential loans held for sale	The following tables present residential loans held for sale, at fair value at the dates indicated: December 31, 2018 December 31, 2017 Residential loans contractual balance $ 1,552 $ 972 Fair value adjustment 24 12 Total fair value of residential loans held for sale $ 1,576 $ 984
Schedule of carrying amounts and estimated fair values of financial instruments	The carrying amounts and estimated fair values of financial instruments at December 31, 2018 are as follows: Fair Value Measurements at December 31, 2018 Using (In thousands) Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 160,773 $ 160,773 $ — $ — $ 160,773 Securities available for sale 377,936 — 377,936 — 377,936 CRA investment fund 4,719 4,719 — — 4,719 FHLB and FRB stock 18,533 — — — N/A Loans held for sale, at fair value 1,576 — 1,576 — 1,576 Loans held for sale, at lower of cost or fair value 3,542 — 3,654 — 3,654 Loans, net of allowance for loan losses 3,889,427 — — 3,852,004 3,852,004 Accrued interest receivable 10,814 — 1,875 8,939 10,814 Cash flow hedges 1,657 — 1,657 — 1,657 Loan level swaps 9,689 — 9,689 — 9,689 Financial liabilities Deposits $ 3,895,340 $ 3,249,274 $ 640,997 $ — $ 3,890,271 Federal Home Loan Bank advances 108,000 — 108,950 — 108,950 Subordinated debt 83,193 — — 82,207 82,207 Accrued interest payable 2,868 331 2,482 55 2,868 Cash flow hedges 849 — 849 — 849 Loan level swaps 9,689 — 9,689 — 9,689 The carrying amounts and estimated fair values of financial instruments at December 31, 2017 are as follows: Fair Value Measurements at December 31, 2017 Using (In thousands) Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 113,447 $ 113,447 $ — $ — $ 113,447 Securities available for sale 327,633 4,824 322,809 — 327,633 FHLB and FRB stock 13,378 — — — N/A Loans held for sale, at fair value 984 — 984 — 984 Loans held for sale, at lower of cost or fair value 187 — 206 — 206 Loans, net of allowance for loan losses 3,668,000 — — 3,649,132 3,649,132 Accrued interest receivable 9,452 — 1,041 8,411 9,452 Cash flow hedges 1,394 — 1,394 — 1,394 Loan level swaps 3,131 — 3,131 — 3,131 Financial liabilities Deposits $ 3,698,354 $ 3,082,728 $ 612,591 $ — $ 3,695,319 Federal Home Loan Bank advances 37,898 — 37,907 — 37,907 Subordinated debt 83,024 — — 84,150 84,150 Accrued interest payable 1,756 192 1,495 69 1,756 Loan level swaps 3,131 — 3,131 — 3,131

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2018
Revenue From Contract With Customer [Abstract]
Schedule of Noninterest Income	The following table presents the sources of noninterest income for the years ended December 31: (In thousands) 2018 2017 2016 Service charges on deposits Overdraft fees $ 726 $ 715 $ 713 Interchange income 1,251 1,164 1,120 Other 1,525 1,360 1,419 Wealth management fees 32,356 22,273 17,552 Investment brokerage fees 889 910 688 (Losses)/gains on sales of OREO (58 ) — 5 Other (a) 7,504 8,205 7,421 Total noninterest other income $ 44,193 $ 34,627 $ 28,918 (a) All of the other category is outside the scope of ASC 606.
Schedule of noninterest income by operating segment	The following table presents the sources of noninterest income by operating segment for the years ended December 31: 2018 Revenue by Operating Wealth Segment Banking Management Total Service charges on deposits Overdraft fees $ 726 $ — $ 726 Interchange income 1,251 — 1,251 Other 1,525 — 1,525 Wealth management fees — 32,356 32,356 Investment brokerage fees — 889 889 Losses on sales of OREO (58 ) — (58 ) Other (a) 6,569 935 7,504 Total noninterest income $ 10,013 $ 34,180 $ 44,193 2017 Revenue by Operating Wealth Segment Banking Management Total Service charges on deposits Overdraft fees $ 715 $ — $ 715 Interchange income 1,164 — 1,164 Other 1,360 — 1,360 Wealth management fees — 22,273 22,273 Investment brokerage fees — 910 910 Gains/(losses) on sales of OREO — — — Other (a) 7,704 501 8,205 Total noninterest income $ 10,943 $ 23,684 $ 34,627 2016 Revenue by Operating Wealth Segment Banking Management Total Service charges on deposits Overdraft fees $ 713 $ — $ 713 Interchange income 1,120 — 1,120 Other 1,419 — 1,419 Wealth management fees — 17,552 17,552 Investment brokerage fees — 688 688 Gains/(losses) on sales of OREO 5 — 5 Other (a) 6,960 461 7,421 Total noninterest income $ 10,217 $ 18,701 $ 28,918 (a) All of the other category is outside the scope of ASC 606.

OTHER OPERATING EXPENSES (Table

OTHER OPERATING EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2018
Other Income And Expenses [Abstract]
Schedule of components of other operating expenses	The following table presents the major components of other operating expenses for the years ended December 31: (In thousands) 2018 2017 2016 Professional and legal fees $ 4,668 $ 4,486 $ 3,459 Wealth Division other expense 2,421 2,418 2,029 Telephone 1,077 998 976 Advertising 1,340 1,108 824 Loan expense 340 485 715 Provision for ORE losses 232 — — Intangible amortization 1,187 321 124 Other operating expenses 8,079 7,485 5,979 Total other operating expenses $ 19,344 $ 17,301 $ 14,106

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of income tax expense	The income tax expense included in the consolidated financial statements for the years ended December 31 is allocated as follows: (In thousands) 2018 2017 2016 Federal: Current (benefit)/expense $ (7,046 ) $ 1,559 $ 13,207 Deferred expense 16,908 13,922 486 State: Current expense 3,554 2,133 2,105 Deferred expense 134 196 466 Total income tax expense $ 13,550 $ 17,810 $ 16,264
Schedule of income tax reconciliation	Total income tax expense differed from the amounts computed by applying the U.S. Federal income tax rate of 21 percent for 2018 and 35 percent for both 2017 and 2016, respectively, to income before taxes as a result of the following: (In thousands) 2018 2017 2016 Computed “expected” tax expense $ 12,121 $ 19,008 $ 14,959 (Decrease)/increase in taxes resulting from: Tax-exempt income (402 ) (584 ) (496 ) State income taxes 2,942 1,514 1,671 Bank owned life insurance income (290 ) (475 ) (492 ) Life insurance expense 148 479 297 Gain on death benefit (630 ) — — Interest disallowance 115 124 95 Meals and entertainment expense 25 76 77 Stock-based compensation (481 ) (982 ) 15 Tax reform impact — (1,648 ) — Other 2 298 138 Total income tax expense $ 13,550 $ 17,810 $ 16,264
Schedule of deferred tax assets and liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31 are as follows: (In thousands) 2018 2017 Deferred tax assets: Allowance for loan losses $ 10,537 $ 9,972 Tax net operating loss carryforward 7,046 — Lease adjustment — 49 Post-retirement benefits — 297 Organization costs 13 14 Unrealized loss on securities available for sale 969 714 Unrealized loss on equity security 79 — Stock plan 1,534 118 Nonaccrual interest 31 31 Accrued compensation 189 900 Capital leases 1,051 774 Total gross deferred tax assets $ 21,449 $ 12,869 Deferred tax liabilities: Lease financing $ 33,191 $ 10,091 Cash flow hedge 265 392 Deferred loan origination costs and fees 1,214 1,072 Deferred income 2,693 729 Investment securities, principally due to the accretion of bond discount — 13 Other 115 20 Total gross deferred tax liabilities 37,478 12,317 Net deferred tax (liability)/asset $ (16,029 ) $ 552

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of stock option plans, changes in options outstanding	Changes in options outstanding during 2018 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In Thousands) Balance, January 1, 2018 120,083 $ 14.41 Exercised during 2018 (23,148 ) 15.45 Expired during 2018 (3,790 ) 24.82 Forfeited during 2018 (1,835 ) 18.91 Balance, December 31, 2018 91,310 $ 13.63 2.70 years $ 1,055 Vested and expected to vest 91,310 $ 13.63 2.70 years $ 1,055 Exercisable at December 31, 2018 91,310 $ 13.63 2.70 years $ 1,055
Schedule of changes in nonvested performance-based shares	Changes in non-vested shares dependent on performance criteria for 2018 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2018 92,767 $ 18.12 Forfeited during 2018 (92,767 ) 18.12 Balance, December 31, 2018 — $ —
Schedule of changes in nonvested shares	Changes in service based restricted stock awards/units for 2018 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2018 308,625 $ 23.96 Granted during 2018 278,267 33.64 Vested during 2018 (158,150 ) 21.89 Forfeited during 2018 (19,203 ) 28.38 Balance, December 31, 2018 409,539 $ 31.13

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Schedule of minimum annual lease payments under operating leases	The minimum annual lease payments under the terms of the operating lease agreements, as of December 31, 2018, were as follows: (In thousands) 2019 $ 2,713 2020 2,488 2021 2,113 2022 1,522 2023 1,118 Thereafter 1,631 Total $ 11,585

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2018
Regulatory Capital [Abstract]
Schedule of regulatory capital	The Bank’s actual capital amounts and ratios are presented in the following table: To Be Well For Capital Capitalized Under For Capital Adequacy Purposes Prompt Corrective Adequacy Including Capital Actual Action Provisions Purposes Conservation Buffer (A) (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk-weighted assets) $ 543,008 14.59 % $ 372,186 10.00 % $ 297,749 8.00 % $ 367,533 9.875 % Tier I capital (to risk-weighted assets) 504,504 13.56 297,749 8.00 223,311 6.00 293,096 7.875 Common equity tier I (to risk-weighted assets) 504,502 13.56 241,921 6.50 167,484 4.50 237,268 6.375 Tier I capital (to average assets) 504,504 11.32 222,912 5.00 178,330 4.00 178,330 4.000 As of December 31, 2017: Total capital (to risk-weighted assets) $ 485,252 14.34 % $ 338,327 10.00 % $ 270,662 8.00 % 312,953 9.250 % Tier I capital (to risk-weighted assets) 448,812 13.27 270,662 8.00 202,996 6.00 245,287 7.250 Common equity tier I (to risk-weighted assets) 448,810 13.27 219,913 6.50 152,247 4.50 194,538 5.750 Tier I capital (to average assets) 448,812 10.61 211,523 5.00 169,219 4.00 169,219 4.000 The Company’s actual capital amounts and ratios are presented in the following table: To Be Well For Capital Capitalized Under For Capital Adequacy Purposes Prompt Corrective Adequacy Including Capital Actual Action Provisions Purposes Conservation Buffer (A) (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk-weighted assets) $ 559,937 15.03 % N/A N/A $ 298,047 8.00 % $ 367,902 9.875 % Tier I capital (to risk-weighted assets) 438,240 11.76 N/A N/A 223,535 6.00 293,390 7.875 Common equity tier I (to risk-weighted assets) 438,238 11.76 N/A N/A 167,652 4.50 237,506 6.375 Tier I capital (to average assets) 438,240 9.82 N/A N/A 178,473 4.00 178,473 4.000 As of December 31, 2017: Total capital (to risk-weighted assets) $ 502,334 14.84 % N/A N/A $ 270,866 8.00 % 313,189 9.250 % Tier I capital (to risk-weighted assets) 382,870 11.31 N/A N/A 203,149 6.00 245,472 7.250 Common equity tier I (to risk-weighted assets) 382,868 11.31 N/A N/A 152,362 4.50 194,685 5.750 Tier I capital (to average assets) 382,870 9.04 N/A N/A 169,318 4.00 169,318 4.000

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2018
Schedule of Information about Derivatives	Information about the interest rate swaps designated as cash flow hedges as of December 31, 2018 and 2017 is presented in the following table: (Dollars in thousands) 2018 2017 Notional amount $ 230,000 $ 180,000 Weighted average pay rate 2.04 % 1.64 % Weighted average receive rate 2.33 % 1.33 % Weighted average maturity 2.65 years 2.25 years Unrealized gain/(loss), net $ 808 $ 1,394 Number of contracts 11 9
Schedule of Net Gains/(Losses)	The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the year ended December 31: 2018 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 $ (328 ) $ (124 ) $ — 2017 Amount of Amount of Amount of Gain/(Loss) Gain/(Loss) Gain/(Loss) Recognized in Recognized Reclassified Other Non- Interest In OCI From OCI to Expense (In thousands) (Effective Portion) Interest Expense (Ineffective Portion) Interest rate contracts $ 2,138 $ — $ —
Schedule of Notional Amount and Fair Value	The following tables reflect the cash flow hedges included in the financial statements as of December 31, 2018 and 2017: December 31, 2018 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 230,000 $ 808 Total included in other assets 130,000 1,657 Total included in other liabilities 100,000 (849 ) December 31, 2017 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing demand brokered deposits $ 180,000 $ 1,394
Not Designated as Hedging Instrument [Member]
Schedule of Information about Derivatives	Information about these swaps is as follows: (Dollars in thousands) December 31, 2018 December 31, 2017 Notional amount $ 558,690 $ 317,363 Fair value $ 9,689 $ 3,131 Weighted average pay rates 4.44 % 4.11 % Weighted average receive rates 4.24 % 3.43 % Weighted average maturity 7.1 years 7.6 years Number of contracts 67 42

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Schedule of income and total assets for reportable segments	The following table presents the statements of income and total assets for the Company’s reportable segments for the twelve months ended December 31, 2018, 2017 and 2016: Twelve Months Ended December 31, 2018 Wealth (In thousands) Banking Management Total Net interest income $ 110,001 $ 5,162 $ 115,163 Noninterest income 10,013 34,180 44,193 Total income 120,014 39,342 159,356 Provision for loan losses 3,550 — 3,550 Compensation and benefits 44,875 17,927 62,802 Premises and equipment expense 11,747 1,750 13,497 FDIC expense 2,443 — 2,443 Other noninterest expense 10,267 9,077 19,344 Total noninterest expense 72,882 28,754 101,636 Income before income tax expense 47,132 10,588 57,720 Income tax expense 11,065 2,485 13,550 Net income $ 36,067 $ 8,103 $ 44,170 Total assets at period end $ 4,547,179 $ 70,679 $ 4,617,858 Twelve Months Ended December 31, 2017 Wealth (In thousands) Banking Management Total Net interest income $ 105,353 $ 5,788 $ 111,141 Noninterest income 10,943 23,684 34,627 Total income 116,296 29,472 145,768 Provision for loan losses 5,850 — 5,850 Compensation and benefits 42,917 11,039 53,956 Premises and equipment expense 10,682 1,306 11,988 FDIC expense 2,366 — 2,366 Other noninterest expense 9,466 7,835 17,301 Total noninterest expense 71,281 20,180 91,461 Income before income tax expense 45,015 9,292 54,307 Income tax expense 14,763 3,047 17,810 Net income $ 30,252 $ 6,245 $ 36,497 Total assets at period end $ 4,202,957 $ 57,590 $ 4,260,547 Twelve Months Ended December 31, 2016 Wealth (In thousands) Banking Management Total Net interest income $ 91,334 $ 5,101 $ 96,435 Noninterest income 10,217 18,701 28,918 Total income 101,551 23,802 125,353 Provision for loan losses 7,500 — 7,500 Compensation and benefits 36,028 8,975 45,003 Premises and equipment expense 10,213 1,032 11,245 FDIC expense 4,758 — 4,758 Other noninterest expense 8,565 5,541 14,106 Total noninterest expense 67,064 15,548 82,612 Income before income tax expense 34,487 8,254 42,741 Income tax expense 13,123 3,141 16,264 Net income $ 21,364 $ 5,113 $ 26,477 Total assets at period end $ 3,832,765 $ 45,868 $ 3,878,633

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Schedule of Intangible Assets	The table below presents a rollforward of goodwill and intangible assets for the years ended December 31, 2018, 2017, and 2016: Identifiable (In thousands) Goodwill Intangible Assets Balance as of 1/1/16 $ 1,573 $ 1,659 Amortization during the period — 124 Balance as of 12/31/16 $ 1,573 $ 1,535 Acquisitions during the period $ 15,534 $ 5,466 Amortization during the period — 321 Balance as of 12/31/17 $ 17,107 $ 6,680 Acquisitions during the period $ 7,310 $ 2,440 Amortization and impairment during the period — 1,187 Balance as of 12/31/18 $ 24,417 $ 7,933
Schedule of Estimated Amortization Expense	Estimated amortization expense for each of the next five years is shown in the table below. (In thousands) 2019 $ 957 2020 950 2021 875 2022 698 2023 566

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables)	12 Months Ended
	Dec. 31, 2018
Stockholders Equity Note [Abstract]
Schedule of accumulated other comprehensive income balances, net of tax	The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the years ended December 31, 2018, 2017 and 2016: Cumulative Amount Other Effect Reclassified Comprehensive Adjustment From Loss for Other Accumulated Twelve Months Balance at Adoption Comprehensive Other Ended Balance at December 31, of ASU Loss Before Comprehensive December 31, December 31, (In thousands) 2017 2016-01 Reclassifications Loss 2018 2018 Net unrealized holding loss on securities available for sale, net of tax $ (2,214 ) $ 127 $ (1,137 ) $ 218 $ (919 ) $ (3,006 ) Gains/(losses) on cash flow hedge 1,002 — (247 ) (94 ) (341 ) 661 Accumulated other comprehensive loss, net of tax $ (1,212 ) $ 127 $ (1,384 ) $ 124 $ (1,260 ) $ (2,345 ) Cumulative Amount Other Effect Reclassified Comprehensive Adjustment from Income for Other Accumulated Twelve Months Balance at Adoption Comprehensive Other Ended Balance at December 31, of ASU Loss Before Comprehensive December 31, December 31, (In thousands) 2016 2018-02 Reclassifications Income 2017 2017 Net unrealized holding loss on securities available for sale, net of tax $ (1,091 ) $ (392 ) $ (731 ) $ — $ (731 ) $ (2,214 ) (Losses)/gains on cash flow hedge (440 ) $ 177 $ 1,265 $ — $ 1,265 $ 1,002 Accumulated other comprehensive loss, net of tax $ (1,531 ) $ (215 ) $ 534 $ — $ 534 $ (1,212 ) Amount Other Reclassified Comprehensive Other from Loss Comprehensive Accumulated Twelve Months Balance at Loss Other Ended Balance at December 31, Before Comprehensive December 31, December 31, (In thousands) 2015 Reclassifications Loss 2016 2016 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ 408 $ (1,424 ) $ (75 ) $ (1,499 ) $ (1,091 ) (Losses)/gains on cash flow hedge $ (787 ) $ 347 $ — $ 347 $ (440 ) Accumulated other comprehensive loss, net of tax $ (379 ) $ (1,077 ) $ (75 ) $ (1,152 ) $ (1,531 )
Schedule of the reclassifications out of accumulated other comprehensive income	The following represents the reclassifications out of accumulated other comprehensive income for the yearss ended December 31, 2018, 2017 and 2016: Twelve Months Ended December 31, (In thousands) 2018 2017 2016 Affected Line Item in Statements of Income Unrealized losses on securities available for sale: Reclassification adjustment for amounts included in net income $ 288 $ — $ 119 Securities losses, net Income tax benefit (70 ) — (44 ) Income tax expense Total reclassifications, net of tax $ 218 $ — $ 75 Unrealized gains on cash flow hedge derivatives: Reclassification adjustment for amounts included in net income $ (124 ) $ — $ — Interest expense Income tax expense 30 — — Tax effect Total reclassifications, net of tax $ (94 ) $ — $ —

CONDENSED FINANCIAL STATEMENT_2

CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (Tables)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Statements of Condition	STATEMENTS OF CONDITION December 31, (In thousands) 2018 2017 Assets Cash $ 12,971 $ 14,563 Interest-earning deposits 517 515 Total cash and cash equivalents 13,488 15,078 Investment in subsidiary 535,277 469,622 Other assets 3,734 2,551 Total assets $ 552,499 $ 487,251 Liabilities Subordinated debt $ 83,193 $ 83,024 Other liabilities 293 549 Total liabilities 83,486 83,573 Shareholders’ equity Common stock 16,459 15,858 Surplus 309,088 283,552 Treasury stock (8,988 ) (8,988 ) Retained earnings 154,799 114,468 Accumulated other comprehensive loss (2,345 ) (1,212 ) Total shareholders’ equity 469,013 403,678 Total liabilities and shareholders’ equity $ 552,499 $ 487,251
Schedule of Condensed Statements of Income	STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Years Ended December 31, (In thousands) 2018 2017 2016 Income Dividend from Bank $ — $ — $ — Other income 4 2 1 Total income 4 2 1 Expenses Interest expenses 4,887 3,206 1,696 Other expenses 480 554 699 Total expenses 5,367 3,760 2,395 Loss before income tax benefit and equity in undistributed earnings of Bank (5,363 ) (3,758 ) (2,394 ) Income tax benefit (1,123 ) (1,313 ) (835 ) Net loss before equity in undistributed earnings of Bank (4,240 ) (2,445 ) (1,559 ) Equity in undistributed earnings of Bank/(dividends in excess of earnings) 48,410 38,942 28,036 Net income $ 44,170 $ 36,497 $ 26,477 Other comprehensive (loss)/income (1,260 ) 534 (1,152 ) Comprehensive income $ 42,910 $ 37,031 $ 25,325
Schedule of Condensed Statements of Cash Flows	STATEMENTS OF CASH FLOWS Years Ended December 31, (In thousands) 2018 2017 2016 Cash flows from operating activities: Net income $ 44,170 $ 36,497 $ 26,477 Undistributed earnings of Bank (48,410 ) (38,942 ) (28,036 ) Amortization of subordinated debt costs 171 135 71 Increase in other assets (1,183 ) (1,248 ) (889 ) Increase in other liabilities (256 ) 113 114 Net cash used in operating activities (5,508 ) (3,445 ) (2,263 ) Cash flows from investing activities: Capital contribution to subsidiary (9,322 ) (60,177 ) (57,823 ) Net cash used in investing activities (9,322 ) (60,177 ) (57,823 ) Cash flows from financing activities: Cash dividends paid on common stock (3,712 ) (3,548 ) (3,296 ) Exercise of stock options, net of stock swaps 275 690 1,069 Proceeds from issuance of subordinated debt — 34,125 48,693 Issuance of common shares (DRIP program) 16,677 36,588 22,461 Net cash provided by financing activities 13,240 67,855 68,927 Net (decrease)/increase in cash and cash equivalents (1,590 ) 4,233 8,841 Cash and cash equivalents at beginning of period 15,078 10,845 2,004 Cash and cash equivalents at end of period $ 13,488 $ 15,078 $ 10,845

SUPPLEMENTAL DATA (unaudited) (

SUPPLEMENTAL DATA (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of unaudited quarterly financial data	The following table sets forth certain unaudited quarterly financial data for the periods indicated: Selected 2018 Quarterly Data: (In thousands, except per share data) March 31 June 30 September 30 December 31 Interest income $ 37,068 $ 39,674 $ 40,163 $ 42,781 Interest expense 8,675 10,431 12,021 13,396 Net interest income 28,393 29,243 28,142 29,385 Provision for loan losses 1,250 300 500 1,500 Wealth management fee income 8,367 8,126 8,200 8,552 Securities (losses)/gains, net (78 ) (36 ) (325 ) 46 Other income 1,926 3,650 3,108 2,657 Operating expenses 23,337 24,941 24,284 25,524 Income before income tax expense 14,021 15,742 14,341 13,616 Income tax expense 3,214 3,832 3,617 2,887 Net income $ 10,807 $ 11,910 $ 10,724 $ 10,729 Earnings per share-basic $ 0.58 $ 0.63 $ 0.56 $ 0.56 Earnings per share-diluted 0.57 0.62 0.56 0.55 Selected 2017 Quarterly Data: (In thousands, except per share data) March 31 June 30 September 30 December 31 Interest income $ 31,385 $ 33,412 $ 37,491 $ 36,439 Interest expense 5,794 6,440 7,499 7,853 Net interest income 25,591 26,972 29,992 28,586 Provision for loan losses 1,600 2,200 400 1,650 Wealth management fee income 4,818 5,086 5,790 7,489 Securities gains/(losses), net — — — — Other income 2,201 3,085 3,041 3,117 Operating expenses 19,304 20,095 21,961 24,251 Income before income tax expense 11,706 12,848 16,462 13,291 Income tax expense 3,724 4,908 6,256 2,922 Net income $ 7,982 $ 7,940 $ 10,206 $ 10,369 Earnings per share-basic $ 0.47 $ 0.45 $ 0.57 $ 0.57 Earnings per share-diluted 0.46 0.45 0.56 0.56

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative - Other) (Details) $ in Thousands	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)segmentshares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)shares
Number of operating segments | segment		2
Federal funds sales periods		1 day
Interest-earning deposits maturities period		1 year
Servicing rights		$ 0
Amount of loans serviced		$ 35,100	$ 20,100
Threshold period for loan		30 days
Threshold for determining nonaccrual status		90 days
Issuance of shares for Employee Stock Purchase Plan, shares | shares		29,273	25,404	32,190
Antidilutive securities | shares		257,422		2,479
Dilutive securities | shares			0
Cumulative effect adjustment for equity instrument		$ 127
Unrealized loss			$ 176
Income tax benefit		$ 49
Enacted corporate income tax rate		21.00%	35.00%	35.00%
Tax cuts and jobs act of 2017 reclassification from aoci to retained earnings tax effect		$ 215
Subsequent Event [Member]
Lease liability	$ 8,200
Right-of-use asset	7,900
Cumulative effect adjustment to retained earnings	$ 658
Employee Stock [Member]
Number of share rights to purchase authorized | shares		150,000
Percentage of closing market price on purchase date		85.00%
Compensation cost		$ 189	$ 116	$ 100
Premises [Member]
Useful life		40 years
Substandard [Member]
Loan reserve multiple		3.5	3.5
Contribution for saving and investment plan		$ 1,000	$ 889
Special Mention [Member]
Loan reserve multiple		2.25	2.25
Consumer and Other [Member]
Threshold for determining nonaccrual status		120 days
Small Business Administration Loans [Member]
Loans held for sale		$ 1,200	$ 187
Maximum [Member]
Cash equivalents original maturities period		90 days
Finite-Lived Intangible Asset, Useful Life		15 years
Maximum [Member] | Employee Stock [Member]
Percentage of compensation contributable		15.00%
Maximum [Member] | Equipment and Other Fixed Assets [Member]
Useful life		10 years
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life		5 years
Minimum [Member] | Employee Stock [Member]
Percentage of compensation contributable		1.00%
Minimum [Member] | Equipment and Other Fixed Assets [Member]
Useful life		3 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock-Based Compensation Narrative) (Details)	12 Months Ended
	Dec. 31, 2018
Employee Stock Option [Member]
Option term	10 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Net income available to common shareholders									$ 44,170	$ 36,497	$ 26,477
Basic weighted average shares outstanding									18,965,305	17,659,625	16,318,868
Plus: common stock equivalents									183,340	284,060	196,130
Diluted weighted average shares outstanding									19,148,645	17,943,685	16,514,998
Earnings per share:
Basic	$ 0.56	$ 0.56	$ 0.63	$ 0.58	$ 0.57	$ 0.57	$ 0.45	$ 0.47	$ 2.33	$ 2.07	$ 1.62
Diluted	$ 0.55	$ 0.56	$ 0.62	$ 0.57	$ 0.56	$ 0.56	$ 0.45	$ 0.46	$ 2.31	$ 2.03	$ 1.60

INVESTMENT SECURITIES AVAILAB_3

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Amortized Cost and Approximate Fair Value) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 330,560	$ 381,910
Gross Unrealized Gains	752	639
Gross Unrealized Losses	(3,679)	(4,613)
Fair Value	327,633	377,936
Equity Securities, FV-NI		4,719
U.S. Government-Sponsored Entities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	44,476	102,915
Gross Unrealized Gains		82
Gross Unrealized Losses	(775)	(984)
Fair Value	43,701	102,013
Mortgage-Backed Securities-Residential [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	244,913	254,383
Gross Unrealized Gains	583	418
Gross Unrealized Losses	(2,380)	(3,439)
Fair Value	243,116	251,362
SBA Pool Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	5,262	3,883
Gross Unrealized Gains
Gross Unrealized Losses	(57)	(44)
Fair Value	5,205	3,839
State and Political Subdivisions [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	24,910	17,729
Gross Unrealized Gains	87	27
Gross Unrealized Losses	(129)	(146)
Fair Value	24,868	17,610
Corporate Bond [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	3,000	3,000
Gross Unrealized Gains	82	112
Gross Unrealized Losses
Fair Value	3,082	$ 3,112
Single-Issuer Trust Preferred Security [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	2,999
Gross Unrealized Gains
Gross Unrealized Losses	(162)
Fair Value	2,837
CRA Investment Fund [Member]
Schedule Of Available For Sale Securities [Line Items]
Equity Securities, Cost	5,000
Equity Securities, Gross Unrealized Gains
Equity Securities, Gross Unrealized Losses	(176)
Equity Securities, FV-NI	$ 4,824

INVESTMENT SECURITIES AVAILAB_4

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Securities by Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost
Due in one year or less	$ 5,474
Due after one year through five years	34,189
Due after five years through ten years	81,184
Due after ten years	2,797
Total	123,644
Total Amortized Cost	381,910	$ 330,560
Fair Value
Due in one year or less	5,476
Due after one year through five years	33,545
Due after five years through ten years	80,916
Due after ten years	2,798
Total	122,735
Total Fair Value	377,936	327,633
Mortgage-Backed Securities-Residential [Member]
Amortized Cost
Securities not due at a single maturity	254,383
Total Amortized Cost	254,383	244,913
Fair Value
Securities not due at a single maturity	251,362
Total Fair Value	251,362	243,116
SBA Pool Securities [Member]
Amortized Cost
Securities not due at a single maturity	3,883
Total Amortized Cost	3,883	5,262
Fair Value
Securities not due at a single maturity	3,839
Total Fair Value	$ 3,839	$ 5,205

INVESTMENT SECURITIES AVAILAB_5

INVESTMENT SECURITIES AVAILABLE FOR SALE - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale Securities	$ 337,100	$ 209,000
Available for sale to equity securities recognized loss	333		$ 14
Securities Losses [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for sale to equity securities recognized loss	$ 281

INVESTMENT SECURITIES AVAILAB_6

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Gross Gains, Gross Losses and Net Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Investment Securities Available For Sale [Abstract]
Proceeds on sales	$ 19,542		$ 5,499
Gross gains	45		133
Gross losses	(333)		(14)
Net tax expense	$ (68)		$ 44

INVESTMENT SECURITIES AVAILAB_7

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Securities with Continuous Unrealized Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Approximate Fair Value
Less Than 12 Months	$ 70,958	$ 154,568
12 Months or Longer	180,843	99,807
Total	251,801	254,375
Unrealized Losses
Less Than 12 Months	(407)	(1,414)
12 Months or Longer	(4,206)	(2,265)
Total	(4,613)	(3,679)
12 Months or Longer	180,843	99,807
Total	251,801	254,375
U.S. Government Sponsored Entities [Member]
Approximate Fair Value
Less Than 12 Months	18,840	32,166
12 Months or Longer	33,600	11,535
Total	52,440	43,701
Unrealized Losses
12 Months or Longer	33,600	11,535
Total	52,440	43,701
Mortgage-Backed Securities-Residential [Member]
Approximate Fair Value
Less Than 12 Months	51,697	116,774
12 Months or Longer	136,130	71,646
Total	187,827	188,420
Unrealized Losses
Less Than 12 Months	(303)	(1,000)
12 Months or Longer	(3,136)	(1,380)
Total	(3,439)	(2,380)
12 Months or Longer	136,130	71,646
Total	187,827	188,420
SBA Pool Securities [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	3,839	5,205
Total	3,839	5,205
Unrealized Losses
Less Than 12 Months
12 Months or Longer	(44)	(57)
Total	(44)	(57)
12 Months or Longer	3,839	5,205
Total	3,839	5,205
State and Political Subdivisions [Member]
Approximate Fair Value
Less Than 12 Months	421	5,628
12 Months or Longer	7,274	3,760
Total	7,695	9,388
Unrealized Losses
Less Than 12 Months	(1)	(97)
12 Months or Longer	(145)	(32)
Total	(146)	(129)
12 Months or Longer	7,274	3,760
Total	7,695	9,388
Single-Issuer Trust Preferred Security [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer		2,837
Total		2,837
Unrealized Losses
12 Months or Longer		2,837
Total		2,837
CRA Investment Fund [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer		4,824
Total		4,824
Unrealized Losses
Less Than 12 Months
12 Months or Longer		(176)
Total		(176)
12 Months or Longer		4,824
Total		4,824
U.S. Government-Sponsored Entities [Member]
Unrealized Losses
Less Than 12 Months	(103)	(317)
12 Months or Longer	(881)	(458)
Total	$ (984)	(775)
Single Issuer Trust Preferred Security
Unrealized Losses
Less Than 12 Months
12 Months or Longer		(162)
Total		$ (162)

LOANS (Schedule of Loans Outsta

LOANS (Schedule of Loans Outstanding, by Type of Loan) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Total loans	$ 3,927,931	$ 3,704,440
Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	100.00%	100.00%
Unallocated Financing Receivables [Member]
Total loans	$ 465	$ 402
Unallocated Financing Receivables [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	0.01%	0.01%
Residential Mortgage [Member] | Residential Portfolio Segment [Member]
Total loans	$ 571,570	$ 576,356
Residential Mortgage [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	14.55%	15.56%
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total loans	$ 1,135,805	$ 1,388,958
Multifamily Property [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	28.92%	37.49%
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 702,165	$ 626,656
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	17.88%	16.92%
Commercial Loans Including Equipment Financing [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 1,397,057	$ 958,294
Commercial Loans Including Equipment Financing [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	35.57%	25.87%
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	$ 62,191	$ 67,497
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	1.58%	1.82%
Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other Loans [Member]
Total loans	$ 58,678	$ 86,277
Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other Loans [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	1.49%	2.33%

LOANS (Schedule of Loan Balance

LOANS (Schedule of Loan Balances by Portfolio Class) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Total loans	$ 3,924,312	$ 3,702,532
Net deferred costs	3,619	1,908
Total loans including net deferred costs	$ 3,927,931	$ 3,704,440
Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	100.00%	100.00%
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans	$ 600,891	$ 605,569
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	15.31%	16.35%
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	$ 62,191	$ 67,497
Total loans including net deferred costs	$ 62,191	$ 67,497
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	1.58%	1.82%
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	$ 1,135,805	$ 1,388,958
Total loans including net deferred costs	$ 1,135,805	$ 1,388,958
Residential Portfolio Segment [Member] | Multifamily Property [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	28.94%	37.51%
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	$ 7,418	$ 7,073
Residential Portfolio Segment [Member] | Junior Lien [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.19%	0.19%
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total loans	$ 261,193	$ 253,492
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	6.65%	6.85%
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	$ 1,001,918	$ 874,098
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	25.53%	23.61%
Commercial Portfolio Segment [Member] | Construction [Member]
Total loans	$ 86	$ 92
Commercial Portfolio Segment [Member] | Construction [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.01%	0.01%
Consumer and Other Loans [Member]
Total loans	$ 65,180	$ 99,247
Consumer and Other Loans [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	1.66%	2.68%
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total loans	$ 616,838	$ 316,294
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	15.72%	8.54%
Lease Financing [Member]
Total loans	$ 172,643	$ 90,052
Lease Financing [Member] | Commercial Portfolio Segment [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	4.40%	2.43%
Agricultural Sector [Member]
Total loans	$ 149	$ 160
Agricultural Sector [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.01%	0.01%

LOANS (Narrative) (Details)

LOANS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment Past Due [Line Items]
Loans held for sale, at lower of cost or fair value	$ 3,542	$ 187
(Loss)/gain on loans held for sale at lower of cost or fair value	(4,392)	412	$ 1,233
Impaired non-accrual loans	25,715	13,530
Impaired non-accrual loans performing troubled debt restructured	4,300	9,500
Allowance allocated to troubled debt restructured loans	262	423
Allowance allocated to non accrual loans	161	173
Loan receivable, validate risk ratings performed for new lending to existing relationships	1,000,000
Loan receivable, validate risk ratings performed for criticized and classified rated borrowers with relationship exposure, value	500,000
Loan receivable, validate risk ratings performed for random sample of borrowers with relationship, value	1,000,000
Loan receivable, validate risk ratings performed for new regulation "O" loan commitments, value	1,000,000
Troubled debt restructurings specific reserves to customers	262	423
Substandard [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Financing receivable impaired loan	31,200	21,800
Multifamily Property [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans held for sale, at lower of cost or fair value	$ 131,300		$ 234,800
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans held for sale, at lower of cost or fair value		$ 109,900

LOANS (Schedule of Related Part

LOANS (Schedule of Related Party Loan Balances) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Loans receivable from executive officers and directors
Balance, beginning of year	$ 4,688	$ 4,788
New loans	2,174	511
Repayments	(2,288)	(611)
Balance, at end of year	$ 4,574	$ 4,688

LOANS (Schedule of Balances by

LOANS (Schedule of Balances by Portfolio Class, Based on Impairment Method) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Total Loans Individually Evaluated for Impairment	$ 31,300	$ 23,065
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	262	522
Total Loans Collectively Evaluated for Impairment	3,893,012	3,679,467
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	38,242	35,918
Total Loans	3,924,312	3,702,532
Total Ending ALLL	38,504	36,440	$ 32,208	$ 25,856
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Loans Individually Evaluated for Impairment	9,518	9,802
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	262	482
Total Loans Collectively Evaluated for Impairment	591,373	595,767
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	3,244	3,603
Total Loans	600,891	605,569
Total Ending ALLL	3,506	4,085	3,666	2,297
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Loans Individually Evaluated for Impairment	255	27
Total Loans Collectively Evaluated for Impairment	61,936	67,470
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	164	221
Total Loans	62,191	67,497
Total Ending ALLL	164	221	233	86
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total Loans Individually Evaluated for Impairment	1,262
Total Loans Collectively Evaluated for Impairment	1,134,543	1,388,958
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	5,959	10,007
Total Loans	1,135,805	1,388,958
Total Ending ALLL	5,959	10,007	11,192	11,813
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans Individually Evaluated for Impairment	36	52
Total Loans Collectively Evaluated for Impairment	7,382	7,021
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	15	12
Total Loans	7,418	7,073
Total Ending ALLL	15	12	16	66
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Loans Individually Evaluated for Impairment	1,574	2,503
Total Loans Collectively Evaluated for Impairment	259,619	250,989
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,614	2,385
Total Loans	261,193	253,492
Total Ending ALLL	2,614	2,385	1,774	1,679
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total Loans Individually Evaluated for Impairment	18,655	10,681
Ending ALLL Attributable to Loans Individually Evaluated for Impairment		40
Total Loans Collectively Evaluated for Impairment	983,263	863,417
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	14,248	11,893
Total Loans	1,001,918	874,098
Total Ending ALLL	14,248	11,933	10,909	7,590
Commercial Portfolio Segment [Member] | Construction [Member]
Total Loans Collectively Evaluated for Impairment	86	92
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	1	1
Total Loans	86	92
Total Ending ALLL	1	1	9	2
Consumer and Other [Member]
Total Loans Collectively Evaluated for Impairment	65,180	99,247
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	384	349
Total Loans	65,180	99,247
Total Ending ALLL	384	349	243	112
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans Collectively Evaluated for Impairment	616,838	316,294
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	9,839	6,563
Total Loans	616,838	316,294
Total Ending ALLL	9,839	6,563	4,164	2,209
Lease Financing [Member]
Total Loans Collectively Evaluated for Impairment	172,643	90,052
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	1,772	884
Total Loans	172,643	90,052
Total Ending ALLL	1,772	884
Agricultural Sector [Member]
Total Loans Collectively Evaluated for Impairment	149	160
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2
Total Loans	149	$ 160
Total Ending ALLL	$ 2		$ 2	$ 2

LOANS (Schedule of Loans Indivi

LOANS (Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Unpaid Principal Balance
With no related allowance recorded	$ 34,330	$ 22,548
With no related allowance recorded	34,330	22,548
With related allowance recorded		2,616
Total loans individually evaluated for impairment	35,346	25,164
Recorded Investment
With no related allowance recorded	30,284	20,470
With no related allowance recorded	30,284	20,470
With related allowance recorded		2,595
Total loans individually evaluated for impairment	31,300	23,065
Specific Reserves	262	522
Average Impaired Loans
With no related allowance recorded	24,339	22,516
With no related allowance recorded	24,339	22,516
With related allowance recorded		2,597
Total loans individually evaluated for impairment	25,483	25,113
Residential Portfolio Segment [Member]
Unpaid Principal Balance
With related allowance recorded	1,016
Recorded Investment
With related allowance recorded	1,016
Specific Reserves	262
Average Impaired Loans
With related allowance recorded	1,144
Residential Portfolio Segment [Member] | Junior Lien [Member]
Unpaid Principal Balance
With no related allowance recorded	102	110
With no related allowance recorded	102	110
Recorded Investment
With no related allowance recorded	36	52
With no related allowance recorded	36	52
Average Impaired Loans
With no related allowance recorded	45	92
With no related allowance recorded	45	92
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Unpaid Principal Balance
With no related allowance recorded	9,789	9,607
With no related allowance recorded	9,789	9,607
With related allowance recorded	1,016	1,435
Recorded Investment
With no related allowance recorded	8,502	8,388
With no related allowance recorded	8,502	8,388
With related allowance recorded	1,016	1,414
Specific Reserves	262	482
Average Impaired Loans
With no related allowance recorded	8,042	10,847
With no related allowance recorded	8,042	10,847
With related allowance recorded	1,144	1,399
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Unpaid Principal Balance
With no related allowance recorded	257	29
With no related allowance recorded	257	29
Recorded Investment
With no related allowance recorded	255	27
With no related allowance recorded	255	27
Average Impaired Loans
With no related allowance recorded	123	38
With no related allowance recorded	123	38
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Unpaid Principal Balance
With no related allowance recorded	1,262
With no related allowance recorded	1,262
Recorded Investment
With no related allowance recorded	1,262
With no related allowance recorded	1,262
Average Impaired Loans
With no related allowance recorded	105
With no related allowance recorded	105
Commercial Real Estate Portfolio Segment [Member]
Unpaid Principal Balance
With related allowance recorded		1,181
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Unpaid Principal Balance
With no related allowance recorded	2,741	3,238
With no related allowance recorded	2,741	3,238
Recorded Investment
With no related allowance recorded	1,574	2,503
With no related allowance recorded	1,574	2,503
Average Impaired Loans
With no related allowance recorded	2,025	1,568
With no related allowance recorded	2,025	1,568
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Unpaid Principal Balance
With no related allowance recorded	20,179	9,564
With no related allowance recorded	20,179	9,564
Recorded Investment
With no related allowance recorded	18,655	9,500
With no related allowance recorded	18,655	9,500
With related allowance recorded		1,181
Specific Reserves		40
Average Impaired Loans
With no related allowance recorded	13,999	9,971
With no related allowance recorded	$ 13,999	9,971
With related allowance recorded		$ 1,198

LOANS (Schedule of Investment i

LOANS (Schedule of Investment in Nonaccrual and Loans Past Due Over 90 Days) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Impaired non-accrual loans	$ 25,715	$ 13,530
Loans Past Due Over 90 Days And Still Accruing Interest	0	0
Residential Portfolio Segment [Member] | Junior Lien [Member]
Impaired non-accrual loans	36	52
Loans Past Due Over 90 Days And Still Accruing Interest	0	0
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Impaired non-accrual loans	5,215	6,056
Loans Past Due Over 90 Days And Still Accruing Interest	0	0
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Impaired non-accrual loans	235	6
Loans Past Due Over 90 Days And Still Accruing Interest	0	0
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Impaired non-accrual loans	1,574	2,503
Loans Past Due Over 90 Days And Still Accruing Interest	0	0
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Impaired non-accrual loans	18,655	4,913
Loans Past Due Over 90 Days And Still Accruing Interest	$ 0	$ 0

LOANS (Schedule of Aging of Pas

LOANS (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Total Past Due	$ 1,099	$ 246
30 to 59 Days Past Due [Member]
Total Past Due	608	246
60 to 89 Days Past Due [Member]
Total Past Due	491	0
Greater Than 90 Days [Member]
Total Past Due	0	0
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Past Due	1,097	216
Residential Portfolio Segment [Member] | 30 to 59 Days Past Due [Member] | Primary Residential Mortgages [Member]
Total Past Due	606	216
Residential Portfolio Segment [Member] | 60 to 89 Days Past Due [Member] | Primary Residential Mortgages [Member]
Total Past Due	491	0
Residential Portfolio Segment [Member] | Greater Than 90 Days [Member] | Primary Residential Mortgages [Member]
Total Past Due	0	0
Consumer and Other [Member]
Total Past Due	2	30
Consumer and Other [Member] | 30 to 59 Days Past Due [Member]
Total Past Due	$ 2	$ 30

LOANS (Schedule of Risk Categor

LOANS (Schedule of Risk Category of Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Total loans	$ 3,924,312	$ 3,702,532
Lease Financing [Member]
Total loans	172,643	90,052
Agricultural Sector [Member]
Total loans	149	160
Pass [Member]
Total loans	3,840,333	3,611,411
Pass [Member] | Lease Financing [Member]
Total loans	172,643	90,052
Pass [Member] | Agricultural Sector [Member]
Total loans	149	160
Special Mention [Member]
Total loans	25,714	49,415
Substandard [Member]
Total loans	58,265	41,706
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	7,418	7,073
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans	600,891	605,569
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	62,191	67,497
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	1,135,805	1,388,958
Residential Portfolio Segment [Member] | Pass [Member] | Junior Lien [Member]
Total loans	7,382	7,021
Residential Portfolio Segment [Member] | Pass [Member] | Primary Residential Mortgages [Member]
Total loans	590,372	594,846
Residential Portfolio Segment [Member] | Pass [Member] | Home Equity Lines of Credit [Member]
Total loans	61,936	67,470
Residential Portfolio Segment [Member] | Pass [Member] | Multifamily Property [Member]
Total loans	1,130,926	1,371,825
Residential Portfolio Segment [Member] | Special Mention [Member] | Primary Residential Mortgages [Member]
Total loans	943	866
Residential Portfolio Segment [Member] | Special Mention [Member] | Multifamily Property [Member]
Total loans	3,263	16,755
Residential Portfolio Segment [Member] | Substandard [Member] | Junior Lien [Member]
Total loans	36	52
Residential Portfolio Segment [Member] | Substandard [Member] | Primary Residential Mortgages [Member]
Total loans	9,576	9,857
Residential Portfolio Segment [Member] | Substandard [Member] | Home Equity Lines of Credit [Member]
Total loans	255	27
Residential Portfolio Segment [Member] | Substandard [Member] | Multifamily Property [Member]
Total loans	1,616	378
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	1,001,918	874,098
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Property [Member]
Total loans	255,417	249,003
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Investment Property [Member]
Total loans	948,300	827,558
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Property [Member]
Total loans	249	837
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Investment Property [Member]
Total loans	20,756	23,377
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Property [Member]
Total loans	5,527	3,652
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Investment Property [Member]
Total loans	32,862	23,163
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Total loans	616,838	316,294
Commercial Portfolio Segment [Member] | Construction [Member]
Total loans	86	92
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial Sector [Member]
Total loans	608,262	306,341
Commercial Portfolio Segment [Member] | Pass [Member] | Construction [Member]
Total loans	0	0
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial Sector [Member]
Total loans	417	7,488
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction [Member]
Total loans	86	92
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial Sector [Member]
Total loans	8,159	2,465
Consumer and Other Loans [Member]
Total loans	65,180	99,247
Consumer and Other Loans [Member] | Pass [Member]
Total loans	64,946	97,135
Consumer and Other Loans [Member] | Substandard [Member]
Total loans	$ 234	$ 2,112

LOANS (Schedule of Activity in

LOANS (Schedule of Activity in Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Allowance for loan losses
Beginning ALLL				$ 36,440				$ 32,208	$ 36,440	$ 32,208	$ 25,856
Charge-Offs									(1,948)	(2,021)	(1,690)
Recoveries									462	403	542
Provision (Credit)	$ 1,500	$ 500	$ 300	1,250	$ 1,650	$ 400	$ 2,200	1,600	3,550	5,850	7,500
Ending ALLL	38,504				36,440				38,504	36,440	32,208
Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL								2		2	2
Provision (Credit)									2	(2)
Ending ALLL	2								2		2
Residential Portfolio Segment [Member] | Junior Lien [Member]
Allowance for loan losses
Beginning ALLL				12				16	12	16	66
Charge-Offs										(99)
Recoveries									68	26	140
Provision (Credit)									(65)	69	(190)
Ending ALLL	15				12				15	12	16
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Allowance for loan losses
Beginning ALLL				4,085				3,666	4,085	3,666	2,297
Charge-Offs									(138)	(889)	(1,047)
Recoveries									160	173	28
Provision (Credit)									(601)	1,135	2,388
Ending ALLL	3,506				4,085				3,506	4,085	3,666
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Allowance for loan losses
Beginning ALLL				221				233	221	233	86
Charge-Offs										(23)	(91)
Recoveries									10	62	15
Provision (Credit)									(67)	(51)	223
Ending ALLL	164				221				164	221	233
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Allowance for loan losses
Beginning ALLL				10,007				11,192	10,007	11,192	11,813
Provision (Credit)									(4,048)	(1,185)	(621)
Ending ALLL	5,959				10,007				5,959	10,007	11,192
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Allowance for loan losses
Beginning ALLL				2,385				1,774	2,385	1,774	1,679
Charge-Offs									(361)	(734)	(11)
Recoveries									66		72
Provision (Credit)									524	1,345	34
Ending ALLL	2,614				2,385				2,614	2,385	1,774
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Allowance for loan losses
Beginning ALLL				11,933				10,909	11,933	10,909	7,590
Charge-Offs									(1,335)	(123)	(520)
Recoveries									45	23	246
Provision (Credit)									3,605	1,124	3,593
Ending ALLL	14,248				11,933				14,248	11,933	10,909
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Allowance for loan losses
Beginning ALLL				6,563				4,164	6,563	4,164	2,209
Charge-Offs									(46)	(76)	(16)
Recoveries									109	115	29
Provision (Credit)									3,213	2,360	1,942
Ending ALLL	9,839				6,563				9,839	6,563	4,164
Commercial Portfolio Segment [Member] | Lease Financing [Member]
Allowance for loan losses
Beginning ALLL				884					884
Provision (Credit)									888	884
Ending ALLL	1,772				884				1,772	884
Commercial Portfolio Segment [Member] | Construction [Member]
Allowance for loan losses
Beginning ALLL				1				9	1	9	2
Provision (Credit)										(8)	7
Ending ALLL	1				1				1	1	9
Consumer and Other [Member]
Allowance for loan losses
Beginning ALLL				$ 349				$ 243	349	243	112
Charge-Offs									(68)	(77)	(5)
Recoveries									4	4	12
Provision (Credit)									99	179	124
Ending ALLL	$ 384				$ 349				$ 384	$ 349	$ 243

LOANS (Schedule of Loans Modifi

LOANS (Schedule of Loans Modified as Troubled Debt Restructurings) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)N	Dec. 31, 2017USD ($)N	Dec. 31, 2016USD ($)N
Number of Contracts | N	3	6	9
Pre-Modification Outstanding Recorded Investment	$ 16,111	$ 1,223	$ 4,780
Post-Modification Outstanding Recorded Investment	$ 16,111	$ 1,223	$ 4,780
Residential Portfolio Segment [Member] | Junior Lien [Member]
Number of Contracts | N			1
Pre-Modification Outstanding Recorded Investment			$ 63
Post-Modification Outstanding Recorded Investment			$ 63
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Number of Contracts | N	2	6	7
Pre-Modification Outstanding Recorded Investment	$ 909	$ 1,223	$ 4,691
Post-Modification Outstanding Recorded Investment	$ 909	$ 1,223	$ 4,691
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Number of Contracts | N	1
Pre-Modification Outstanding Recorded Investment	$ 15,202
Post-Modification Outstanding Recorded Investment	$ 15,202
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Number of Contracts | N			1
Pre-Modification Outstanding Recorded Investment			$ 26
Post-Modification Outstanding Recorded Investment			$ 26

LOANS (Schedule of Modified as

LOANS (Schedule of Modified as Troubled Debt Restructurings Subsequently Defaulted) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)N	Dec. 31, 2016USD ($)N
Number of Subsequently Defaulted Contracts | N	1	1
Subsequently Defaulted Recorded Investment | $	$ 336	$ 269
Primary Residential Mortgages [Member] | Residential Portfolio Segment [Member]
Number of Subsequently Defaulted Contracts | N	1	1
Subsequently Defaulted Recorded Investment | $	$ 336	$ 269

PREMISES AND EQUIPMENT (Schedul

PREMISES AND EQUIPMENT (Schedule of Premises and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Premises and equipment, gross	$ 62,865	$ 61,762
Less: accumulated depreciation	35,457	32,286
Total	27,408	29,476
Land and Land Improvements [Member]
Premises and equipment, excluding lease asset	6,243	6,235
Buildings [Member]
Premises and equipment, excluding lease asset	12,653	12,589
Furniture and Equipment [Member]
Premises and equipment, excluding lease asset	20,644	19,553
Leasehold Improvements [Member]
Premises and equipment, excluding lease asset	11,943	11,819
Projects in Progress [Member]
Premises and equipment, excluding lease asset	145	329
Capital Lease Asset [Member]
Capital lease asset	11,237	11,237
Premises and equipment, gross	11,237	11,237
Less: accumulated depreciation	5,411	4,663
Total	$ 5,826	$ 6,574

PREMISES AND EQUIPMENT (Narrati

PREMISES AND EQUIPMENT (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Depreciation	$ 3,127	$ 3,275	$ 3,093
Depreciation expense on leased assets	607	607	607
Gladstone Property [Member]
Depreciation	141	$ 141	$ 141
Deferred gain on sale-leaseback transaction	$ 490

PREMISES AND EQUIPMENT (Sched_2

PREMISES AND EQUIPMENT (Schedule of Future Minimum Lease Payments) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Property Plant And Equipment [Abstract]
2019	$ 1,146
2020	1,195
2021	1,233
2022	1,391
2023	1,456
Thereafter	3,739
Total minimum lease payments	10,160
Less: amount representing interest	1,798
Present value of net minimum lease payments	$ 8,362

OTHER REAL ESTATE OWNED (Narrat

OTHER REAL ESTATE OWNED (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Other Real Estate [Abstract]
Other real estate owned		$ 2,090

OTHER REAL ESTATE OWNED (Schedu

OTHER REAL ESTATE OWNED (Schedule of Activity in Other Real Estate Owned, Excluding Valuation Allowance) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Other Real Estate [Abstract]
Balance, beginning of year	$ 2,090	$ 534
OREO properties added		2,090
Sales during year	$ (2,090)	(534)
Balance, end of year		$ 2,090

OTHER REAL ESTATE OWNED (Sche_2

OTHER REAL ESTATE OWNED (Schedule of Activity in Valuation Allowance) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Real Estate [Abstract]
Balance, beginning of year			$ 2,670
Additions charged to expense	232
Direct writedowns	(232)		(2,670)
Balance, end of year

OTHER REAL ESTATE OWNED (Sche_3

OTHER REAL ESTATE OWNED (Schedule of Expenses Related to Other Real Estate Owned) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Real Estate [Abstract]
Net loss/(gain) on sales	$ (58)		$ 5
Provision for unrealized losses	(232)
Operating expenses, net of rental income	(190)	$ (117)	(59)
Total	$ (480)	$ (117)	$ (54)

DEPOSITS (Details of Total Depo

DEPOSITS (Details of Total Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Time deposits over $250,000	$ 160,300	$ 160,000
Deposits:
Noninterest-bearing demand deposits	463,926	539,304
Interest-bearing checking	1,247,305	1,152,483
Savings	114,674	119,556
Money market	1,243,369	1,091,385
Certificates of deposit - retail	510,724	344,652
Certificates of deposit - listing service	79,195	198,383
Interest-bearing demand - Brokered	180,000	180,000
Certificates of deposit - Brokered	56,147	72,591
Total deposits	$ 3,895,340	$ 3,698,354
%
Noninterest-bearing demand deposits	11.91%	14.59%
Interest-bearing checking	32.02%	31.16%
Savings	2.94%	3.23%
Money market	31.92%	29.51%
Certificates of deposit - retail	13.12%	9.32%
Certificates of deposit - listing service	2.03%	5.36%
Interest-bearing demand - Brokered	4.62%	4.87%
Certificates of deposit - Brokered	1.44%	1.96%
Total deposits	100.00%	100.00%

DEPOSITS (Scheduled Maturities

DEPOSITS (Scheduled Maturities of Time Deposits) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Deposits [Abstract]
2019	$ 406,992
2020	115,018
2021	41,835
2022	17,914
2023	12,424
Over 5 Years	51,883
Total	$ 646,066

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Advances from Federal Home Loan Banks	$ 108,000	$ 37,900
FHLB interest rate	3.17%	2.20%
Advances with fixed maturity dates	$ 108,000	$ 28,900
Weighted average interest rate on fixed maturity advances	3.17%	1.96%
Residential mortgages pledged as collateral for advances	$ 496,100	$ 1,000,000
Multifamily mortgage loans pledged as collateral for advances	550,000	1,100,000
Investment pledges against advances	58,500	13,500
Callable variable rate advances		$ 9,000
Weighted average interest rate on variable advances (in percent)		2.95%
Overnight borrowings of debt	0	$ 0
Unused commitments from FHLB	1,300,000
Unused short-term or overnight borrowings from correspondent banks	22,000
Unused short-term or overnight borrowings from FRB	$ 1,300,000

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Schedule of Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Federal Home Loan Bank Advances Maturities Summary
2019	$ 3,000
2021	60,000
2022	20,000
2023	25,000
Total	$ 108,000	$ 37,900

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value transfers between level 1 and level 2	$ 0
Loans Receivable [Member] | Property A [Member]
Fair Value Measurement Inputs and Valuation Techniques [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	Dec. 31, 2018	Dec. 31, 2017
Securities available for sale	$ 377,936	$ 327,633
Loans held for sale, at fair value	1,576	984
Recurring Basis [Member]
Loans held for sale, at fair value	1,576	984
Total	395,577	333,142
Derivatives	(10,538)	(3,131)
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Total	4,719	4,824
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Loans held for sale, at fair value	1,576	984
Total	390,858	328,318
Derivatives	(10,538)	(3,131)
Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives	1,657	1,394
Derivatives	(849)
Recurring Basis [Member] | Designated as Hedging Instrument [Member] | Significant Other Observable Inputs (Level 2) [Member]
Derivatives	1,657	1,394
Derivatives	(849)
Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	9,689	3,131
Derivatives	(9,689)	(3,131)
Recurring Basis [Member] | Not Designated as Hedging Instrument [Member] | Significant Other Observable Inputs (Level 2) [Member]
Derivatives	9,689	3,131
Derivatives	(9,689)	(3,131)
U.S. Government-Sponsored Entities [Member]
Securities available for sale	102,013	43,701
U.S. Government-Sponsored Entities [Member] | Recurring Basis [Member]
Securities available for sale	102,013	43,701
U.S. Government-Sponsored Entities [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	102,013	43,701
Mortgage-Backed Securities-Residential [Member]
Securities available for sale	251,362	243,116
Mortgage-Backed Securities-Residential [Member] | Recurring Basis [Member]
Securities available for sale	251,362	243,116
Mortgage-Backed Securities-Residential [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	251,362	243,116
SBA Pool Securities [Member]
Securities available for sale	3,839	5,205
SBA Pool Securities [Member] | Recurring Basis [Member]
Securities available for sale	3,839	5,205
SBA Pool Securities [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	3,839	5,205
State and Political Subdivisions [Member]
Securities available for sale	17,610	24,868
State and Political Subdivisions [Member] | Recurring Basis [Member]
Securities available for sale	17,610	24,868
State and Political Subdivisions [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	17,610	24,868
Corporate Bond [Member]
Securities available for sale	3,112	3,082
Corporate Bond [Member] | Recurring Basis [Member]
Securities available for sale	3,112	3,082
Corporate Bond [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	3,112	3,082
CRA Investment Fund [Member] | Recurring Basis [Member]
Securities available for sale	4,719	4,824
CRA Investment Fund [Member] | Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Securities available for sale	$ 4,719	4,824
Single-Issuer Trust Preferred Security [Member] | Recurring Basis [Member]
Securities available for sale		2,837
Single-Issuer Trust Preferred Security [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale		$ 2,837

FAIR VALUE (Schedule of Residen

FAIR VALUE (Schedule of Residential Loans Held for Sale, at Fair Value) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Residential loans contractual balance	$ 1,552	$ 972
Fair value adjustment	24	12
Total fair value of residential loans held for sale	$ 1,576	$ 984

FAIR VALUE (Schedule of Financi

FAIR VALUE (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financial Assets:
Securities available for sale	$ 377,936	$ 327,633
FHLB and FRB stock	18,533	13,378
Loans held for sale, at fair value	1,576	984
Loans held for sale, at lower of cost or fair value	3,542	187
Accrued interest receivable	10,814	9,452
Financial Liabilities:
Federal Home Loan Bank advances	108,000	37,900
Carrying Value [Member]
Financial Assets:
Cash and cash equivalents	160,773	113,447
Securities available for sale	377,936	327,633
CRA investment fund	4,719
FHLB and FRB stock	18,533	13,378
Loans held for sale, at fair value	1,576	984
Loans held for sale, at lower of cost or fair value	3,542	187
Loans, net of allowance for loan losses	3,889,427	3,668,000
Accrued interest receivable	10,814	9,452
Financial Liabilities:
Deposits	3,895,340	3,698,354
Federal Home Loan Bank advances	108,000	37,898
Subordinated debt	83,193	83,024
Accrued interest payable	2,868	1,756
Fair value [Member]
Financial Assets:
Cash and cash equivalents	160,773	113,447
Securities available for sale	377,936	327,633
CRA investment fund	4,719
Loans held for sale, at fair value	1,576	984
Loans held for sale, at lower of cost or fair value	3,654	206
Loans, net of allowance for loan losses	3,852,004	3,649,132
Accrued interest receivable	10,814	9,452
Financial Liabilities:
Deposits	3,890,271	3,695,319
Federal Home Loan Bank advances	108,950	37,907
Subordinated debt	82,207	84,150
Accrued interest payable	2,868	1,756
Fair value [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	160,773	113,447
Securities available for sale		4,824
CRA investment fund	4,719
Financial Liabilities:
Deposits	3,249,274	3,082,728
Accrued interest payable	331	192
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Securities available for sale	377,936	322,809
Loans held for sale, at fair value	1,576	984
Loans held for sale, at lower of cost or fair value	3,654	206
Accrued interest receivable	1,875	1,041
Financial Liabilities:
Deposits	640,997	612,591
Federal Home Loan Bank advances	108,950	37,907
Accrued interest payable	2,482	1,495
Fair value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Loans, net of allowance for loan losses	3,852,004	3,649,132
Accrued interest receivable	8,939	8,411
Financial Liabilities:
Subordinated debt	82,207	84,150
Accrued interest payable	55	69
Designated as Hedging Instrument [Member] | Carrying Value [Member]
Financial Assets:
Derivatives	1,657	1,394
Financial Liabilities:
Derivatives	849
Designated as Hedging Instrument [Member] | Fair value [Member]
Financial Assets:
Derivatives	1,657	1,394
Financial Liabilities:
Derivatives	849
Designated as Hedging Instrument [Member] | Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Derivatives	1,657	1,394
Financial Liabilities:
Derivatives	849
Not Designated as Hedging Instrument [Member] | Carrying Value [Member]
Financial Assets:
Derivatives	9,689	3,131
Financial Liabilities:
Derivatives	9,689	3,131
Not Designated as Hedging Instrument [Member] | Fair value [Member]
Financial Assets:
Derivatives	9,689	3,131
Financial Liabilities:
Derivatives	9,689	3,131
Not Designated as Hedging Instrument [Member] | Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Derivatives	9,689	3,131
Financial Liabilities:
Derivatives	$ 9,689	$ 3,131

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Schedule of Noninterest Income) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Service charges on deposits
Overdraft fees		$ 726	$ 715	$ 713
Interchange income		1,251	1,164	1,120
Other		1,525	1,360	1,419
Wealth management fees		32,356	22,273	17,552
Investment brokerage fees		889	910	688
(Losses)/gains on sales of OREO		(58)	0	5
Other	[1],[2]	7,504	8,205	7,421
Total other income		$ 44,193	$ 34,627	$ 28,918
[1]	All of the other category is outside the scope of ASC 606.
[2]	All of the other category is outside the scope of ASC 606.

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS (Schedule of Noninterest Income by Operating Segment) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Service charges on deposits
Overdraft fees		$ 726	$ 715	$ 713
Interchange income		1,251	1,164	1,120
Other		1,525	1,360	1,419
Wealth management fees		32,356	22,273	17,552
Investment brokerage fees		889	910	688
(Losses)/gains on sales of OREO		(58)	0	5
Other	[1],[2]	7,504	8,205	7,421
Total other income		44,193	34,627	28,918
Banking [Member]
Service charges on deposits
Overdraft fees		726	715	713
Interchange income		1,251	1,164	1,120
Other		1,525	1,360	1,419
Wealth management fees		0	0	0
Investment brokerage fees		0	0	0
(Losses)/gains on sales of OREO		(58)	0	5
Other	[1]	6,569	7,704	6,960
Total other income		10,013	10,943	10,217
Wealth Management Division [Member]
Service charges on deposits
Overdraft fees		0	0	0
Interchange income		0	0	0
Other		0	0	0
Wealth management fees		32,356	22,273	17,552
Investment brokerage fees		889	910	688
(Losses)/gains on sales of OREO		0	0	0
Other	[1]	935	501	461
Total other income		$ 34,180	$ 23,684	$ 18,701
[1]	All of the other category is outside the scope of ASC 606.
[2]	All of the other category is outside the scope of ASC 606.

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Interchange income	$ 1,251	$ 1,164	$ 1,120
Loss on sale of OREO	(58)	0	5
Cardholder rewards [Memebr]
Interchange income	$ 134	$ 129	$ 124

OTHER OPERATING EXPENSES (Detai

OTHER OPERATING EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other operating expenses
Professional and legal fees	$ 4,668	$ 4,486	$ 3,459
Wealth Division other expense	2,421	2,418	2,029
Telephone	1,077	998	976
Advertising	1,340	1,108	824
Loan expense	340	485	715
Provision for ORE losses	232
Amortization of intangible assets	1,187	321	124
Other operating expenses	8,079	7,485	5,979
Total other operating expenses	$ 19,344	$ 17,301	$ 14,106

INCOME TAXES (Schedule of Incom

INCOME TAXES (Schedule of Income Tax Expense Included in Consolidated Financial Statements) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Federal:
Current (benefit)/expense									$ (7,046)	$ 1,559	$ 13,207
Deferred expense									16,908	13,922	486
State:
Current expense									3,554	2,133	2,105
Deferred expense									134	196	466
Total income tax expense	$ 2,887	$ 3,617	$ 3,832	$ 3,214	$ 2,922	$ 6,256	$ 4,908	$ 3,724	$ 13,550	$ 17,810	$ 16,264

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Enacted corporate income tax rate	21.00%	35.00%	35.00%
Unrecognized tax benefits	$ 0	$ 0
Federal tax net operating losses carry forward	$ 34,000,000
Company effective income tax rate	23.50%	32.80%
Reduction in value of net deferred tax liability	$ 1,600,000
Tax benefit of tax expense	$ 215,000
Effective income tax rate surtax	2.50%
Effective income tax rate surtax in 2019	2.50%
Minimum net income for surtax applicability	$ 1,000,000
Effective income tax rate surtax in 2020	1.50%
Effective income tax rate surtax in 2021	1.50%

INCOME TAXES (Schedule of Total

INCOME TAXES (Schedule of Total Income Tax Expense Differed from Amounts Computed by Applying US Federal Income Tax Rate to Income Before Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Computed “expected” tax expense									$ 12,121	$ 19,008	$ 14,959
(Decrease)/increase in taxes resulting from:
Tax-exempt income									(402)	(584)	(496)
State income taxes									2,942	1,514	1,671
Bank owned life insurance income									(290)	(475)	(492)
Life insurance expense									148	479	297
Gain on death benefit									(630)
Interest disallowance									115	124	95
Meals and entertainment expense									25	76	77
Stock-based compensation									(481)	(982)	15
Tax reform impact										(1,648)
Other									2	298	138
Total income tax expense	$ 2,887	$ 3,617	$ 3,832	$ 3,214	$ 2,922	$ 6,256	$ 4,908	$ 3,724	$ 13,550	$ 17,810	$ 16,264

INCOME TAXES (Schedule of Tax E

INCOME TAXES (Schedule of Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Allowance for loan losses	$ 10,537	$ 9,972
Tax net operating loss carryforward	7,046
Lease adjustment		49
Post-retirement benefits		297
Organization costs	13	14
Unrealized loss on securities available for sale	969	714
Unrealized loss on equity security	79
Stock plan	1,534	118
Nonaccrual interest	31	31
Accrued compensation	189	900
Capital leases	1,051	774
Total gross deferred tax assets	21,449	12,869
Deferred tax liabilities:
Lease financing	33,191	10,091
Cash flow hedge	265	392
Deferred loan origination costs and fees	1,214	1,072
Deferred income	2,693	729
Investment securities, principally due to the accretion of bond discount		13
Other	115	20
Total gross deferred tax liabilities	37,478	12,317
Deferred tax assets, net		$ 552
Net deferred tax (liability)	$ (16,029)

BENEFIT PLANS (Details)

BENEFIT PLANS (Details) - 401(K) Plan [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Company contribution percentage of salary for each employee	3.00%
Contributions to the plan	$ 2.2	$ 1.6	$ 1.6

STOCK-BASED COMPENSATION (Narra

STOCK-BASED COMPENSATION (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant		1,641,485
Closing stock price of common stock		$ 25.18
Employee Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Option term		10 years
Vesting term		5 years
Unrecognized compensation cost		$ 0
Total compensation cost		$ 0	$ 6	$ 56
Performance Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares forfetied	92,767	92,767
Restricted stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost		$ 101
Shares forfetied		19,203
Weighted average period over which unrecognized compensation is expected to be recognized (in years)		5 months 19 days
Total compensation cost		$ 4,600	$ 3,500	$ 2,800
Restricted stock [Member] | Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting term		3 years
Restricted stock [Member] | Tranche Two [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting term		5 years
Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost		$ 8,300
Weighted average period over which unrecognized compensation is expected to be recognized (in years)		1 year 3 months 25 days

STOCK-BASED COMPENSATION (Sched

STOCK-BASED COMPENSATION (Schedule of Changes in Options Outstanding) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Number of Options
Balance | shares	120,083
Exercised | shares	(23,148)
Expired | shares	(3,790)
Forfeited | shares	(1,835)
Balance | shares	91,310
Vested and expected to vest | shares	91,310
Exercisable | shares	91,310
Weighted Average Exercise Price
Balance | $ / shares	$ 14.41
Exercised | $ / shares	15.45
Expired | $ / shares	24.82
Forfeited | $ / shares	18.91
Balance | $ / shares	13.63
Vested and expected to vest | $ / shares	13.63
Exercisable | $ / shares	$ 13.63
Weighted Average Remaining Contractual Term
Balance	2 years 8 months 12 days
Vested and Expected to Vest	2 years 8 months 12 days
Exercisable	2 years 8 months 12 days
Aggregate Intrinsic Value
Balance | $	$ 1,055
Vested and expected to vest | $	1,055
Exercisable | $	$ 1,055

STOCK-BASED COMPENSATION (Sch_2

STOCK-BASED COMPENSATION (Schedule of Changes in Restricted Common Shares) (Details) - $ / shares	Mar. 31, 2018	Dec. 31, 2018
Performance Shares [Member]
Number of Shares
Balance at Beginning		92,767
Forfeited	(92,767)	(92,767)
Balance at end		0
Weighted Average Grant Date Fair Value
Balance at Beginning		$ 18.12
Forfeited		18.12
Balance at end		$ 0
Restricted stock [Member]
Number of Shares
Balance at Beginning		308,625
Granted		278,267
Vested		(158,150)
Forfeited		(19,203)
Balance at end		409,539
Weighted Average Grant Date Fair Value
Balance at Beginning		$ 23.96
Granted		33.64
Vested		21.89
Forfeited		28.38
Balance at end		$ 31.13

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Commitment And Contingencies [Line Items]
Rental expense	$ 2.7	$ 2.5	$ 2.4
Commitments to Extend Credit [Member]
Commitment And Contingencies [Line Items]
Commitments to extend credit	684.2	629
Standby Letters of Credit [Member]
Commitment And Contingencies [Line Items]
Commitments to extend credit	12.7	$ 17.1
SBIC [Member]
Commitment And Contingencies [Line Items]
Unfunded commitment for investment	$ 2.2

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Schedule of Minimum Annual Lease Payments Under Terms of Operating Lease Agreements) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Commitments And Contingencies Disclosure [Abstract]
2019	$ 2,713
2020	2,488
2021	2,113
2022	1,522
2023	1,118
Thereafter	1,631
Total	$ 11,585

REGULATORY CAPITAL (Details)

REGULATORY CAPITAL (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
The Bank [Member]
Total Capital
Total Capital (to risk-weighted assets)	$ 543,008	$ 485,252
Total Capital (to risk-weighted assets) ratio	14.59%	14.34%
Minimum Capital required to be well-capitalized	$ 372,186	$ 338,327
Minimum Capital required to be well-capitalized, ratio	10.00%	10.00%
Minimum amount of capital for adequacy purposes	$ 297,749	$ 270,662
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Tier I Capital (to risk-weighted assets)
Tier 1 Capital (to risk-weighted assets)	$ 504,504	$ 448,812
Tier 1 Capital (to risk-weighted assets) ratio	13.56%	13.27%
Minimum Tier 1 Capital required to be well-capitalized	$ 297,749	$ 270,662
Minimum Tier 1 Capital required to be well-capitalized, ratio	8.00%	8.00%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 223,311	$ 202,996
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	6.00%	6.00%
Common equity tier I
Common equity tier 1 (to risk-weighted assets)	$ 504,502	$ 448,810
Common equity tier I (to risk-weighted assets) ratio	13.56%	13.27%
Minimum Common equity tier I required to be well-capitalized	$ 241,921	$ 219,913
Minimum common equity tier I required to be well-capitalized, ratio	6.50%	6.50%
Minimum amount of common equity tier I for adequacy purposes	$ 167,484	$ 152,247
Minimum amount of common equity tier I for adequacy purposes, ratio	4.50%	4.50%
Tier I Leverage Capital (to average assets)
Tier 1 Capital(to average assets)	$ 504,504	$ 448,812
Tier 1 Capital (to average assets) ratio	11.32%	10.61%
Minimum Tier 1 Capital required to be well-capitalized	$ 222,912	$ 211,523
Minimum Tier 1 Capital required to be well-capitalized, ratio	5.00%	5.00%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 178,330	$ 169,219
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
The Bank [Member] | Conservation Buffer [Member]
Total Capital
Minimum amount of capital for adequacy purposes	$ 367,533	$ 312,953
Minimum amount of capital for adequacy purposes, ratio	9.875%	9.25%
Tier I Capital (to risk-weighted assets)
Minimum amount of Tier 1 Capital for adequacy purposes	$ 293,096	$ 245,287
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	7.875%	7.25%
Common equity tier I
Minimum amount of common equity tier I for adequacy purposes	$ 237,268	$ 194,538
Minimum amount of common equity tier I for adequacy purposes, ratio	6.375%	5.75%
Tier I Leverage Capital (to average assets)
Minimum amount of Tier 1 Capital for adequacy purposes	$ 178,330	$ 169,219
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
Parent Company [Member]
Total Capital
Total Capital (to risk-weighted assets)	$ 559,937	$ 502,334
Total Capital (to risk-weighted assets) ratio	15.03%	14.84%
Minimum amount of capital for adequacy purposes	$ 298,047	$ 270,866
Minimum amount of capital for adequacy purposes, ratio	8.00%	8.00%
Tier I Capital (to risk-weighted assets)
Tier 1 Capital (to risk-weighted assets)	$ 438,240	$ 382,870
Tier 1 Capital (to risk-weighted assets) ratio	11.76%	11.31%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 223,535	$ 203,149
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	6.00%	6.00%
Common equity tier I
Common equity tier 1 (to risk-weighted assets)	$ 438,238	$ 382,868
Common equity tier I (to risk-weighted assets) ratio	11.76%	11.31%
Minimum amount of common equity tier I for adequacy purposes	$ 167,652	$ 152,362
Minimum amount of common equity tier I for adequacy purposes, ratio	4.50%	4.50%
Tier I Leverage Capital (to average assets)
Tier 1 Capital(to average assets)	$ 438,240	$ 382,870
Tier 1 Capital (to average assets) ratio	9.82%	9.04%
Minimum amount of Tier 1 Capital for adequacy purposes	$ 178,473	$ 169,318
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%
Parent Company [Member] | Conservation Buffer [Member]
Total Capital
Minimum amount of capital for adequacy purposes	$ 367,902	$ 313,189
Minimum amount of capital for adequacy purposes, ratio	9.875%	9.25%
Tier I Capital (to risk-weighted assets)
Minimum amount of Tier 1 Capital for adequacy purposes	$ 293,390	$ 245,472
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	7.875%	7.25%
Common equity tier I
Minimum amount of common equity tier I for adequacy purposes	$ 237,506	$ 194,685
Minimum amount of common equity tier I for adequacy purposes, ratio	6.375%	5.75%
Tier I Leverage Capital (to average assets)
Minimum amount of Tier 1 Capital for adequacy purposes	$ 178,473	$ 169,318
Minimum amount of Tier 1 Capital for adequacy purposes, ratio	4.00%	4.00%

REGULATORY CAPITAL (Narrative)

REGULATORY CAPITAL (Narrative) (Details) - Conservation Buffer [Member]	Jan. 01, 2019	Jan. 01, 2018	Jan. 01, 2017	Jan. 01, 2016
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Increase in capital conservation buffer		0.625%	0.625%	0.625%
Minimum [Member] | Subsequent Event [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum amount of capital for adequacy purposes, ratio	2.50%

DERIVATIVES (Details)

DERIVATIVES (Details)	3 Months Ended								12 Months Ended
	Dec. 31, 2018USD ($)N	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)N	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2018USD ($)N	Dec. 31, 2017USD ($)N	Dec. 31, 2016USD ($)
Derivative [Line Items]
Net interest income (expense)	$ 29,385,000	$ 28,142,000	$ 29,243,000	$ 28,393,000	$ 28,586,000	$ 29,992,000	$ 26,972,000	$ 25,591,000	$ 115,163,000	$ 111,141,000	$ 96,435,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 230,000,000				$ 180,000,000				$ 230,000,000	$ 180,000,000
Weighted average pay rate	2.04%				1.64%				2.04%	1.64%
Weighted average receive rate	2.33%				1.33%				2.33%	1.33%
Weighted average maturity									2 years 7 months 24 days	2 years 3 months
Unrealized gain/(loss), net									$ 808,000	$ 1,394,000
Number of contracts | N	11				9				11	9
Net interest income (expense)									$ 390,000	$ 898,000
Amount of Gain/(Loss) Recognized In OCI (Effective Portion)									(328,000)	2,138,000
Amount of Gain/(Loss) Reclassified From OCI to Interest Expense									(124,000)
Unrealized after-tax gain of accumulated other comprehensive income loss				$ 220,000
Interest income									124,000
Fair Value	$ 808,000								808,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Notional Amount	130,000,000				$ 180,000,000				130,000,000	180,000,000
Fair Value	1,657,000				1,394,000				1,657,000	1,394,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Notional Amount	100,000,000								100,000,000
Fair Value	(849,000)								(849,000)
Loan Level Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 558,690,000				$ 317,363,000				$ 558,690,000	$ 317,363,000
Weighted average pay rate	4.44%				4.11%				4.44%	4.11%
Weighted average receive rate	4.24%				3.43%				4.24%	3.43%
Weighted average maturity									7 years 1 month 6 days	7 years 7 months 6 days
Number of contracts | N	67				42				67	42
Fair Value	$ 9,689,000				$ 3,131,000				$ 9,689,000	$ 3,131,000

SHAREHOLDERS EQUITY (Details)

SHAREHOLDERS EQUITY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Class Of Stock [Line Items]
Quarterly cash payment that may be made under Dividend Reinvestment Program	$ 200,000
Percent of fair market value which shares may be purchased at under the DRIP	97.00%
Fair market value discount	3.00%
Common stock, shares subscribed but unissued	542,302
Purchase of shares (dividend reinvestment program), shares	778,407
Sales of shares (dividend reinvestment program)	$ 16,677,000	$ 36,588,000	$ 22,461,000
Shares purchased under voluntary purchase		1,202,180
Plan [Member]
Class Of Stock [Line Items]
Sales of shares (Dividend Reinvestment Program), shares	1,320,709	1,204,710

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Number of Operating Segments | segment									2
Net interest income	$ 29,385	$ 28,142	$ 29,243	$ 28,393	$ 28,586	$ 29,992	$ 26,972	$ 25,591	$ 115,163	$ 111,141	$ 96,435
Noninterest income									44,193	34,627	28,918
Total income									159,356	145,768	125,353
Provision for loan losses	1,500	500	300	1,250	1,650	400	2,200	1,600	3,550	5,850	7,500
Compensation and benefits									62,802	53,956	45,003
Premises and equipment expense									13,497	11,988	11,245
FDIC expense									2,443	2,366	4,758
Other noninterest expense									19,344	17,301	14,106
Total noninterest expense									101,636	91,461	82,612
Income before income tax expense	13,616	14,341	15,742	14,021	13,291	16,462	12,848	11,706	57,720	54,307	42,741
Income tax expense	2,887	3,617	3,832	3,214	2,922	6,256	4,908	3,724	13,550	17,810	16,264
Net income	10,729	$ 10,724	$ 11,910	$ 10,807	10,369	$ 10,206	$ 7,940	$ 7,982	44,170	36,497	26,477
Total assets at period end	4,617,858				4,260,547				4,617,858	4,260,547	3,878,633
Banking [Member]
Net interest income									110,001	105,353	91,334
Noninterest income									10,013	10,943	10,217
Total income									120,014	116,296	101,551
Provision for loan losses									3,550	5,850	7,500
Compensation and benefits									44,875	42,917	36,028
Premises and equipment expense									11,747	10,682	10,213
FDIC expense									2,443	2,366	4,758
Other noninterest expense									10,267	9,466	8,565
Total noninterest expense									72,882	71,281	67,064
Income before income tax expense									47,132	45,015	34,487
Income tax expense									11,065	14,763	13,123
Net income									36,067	30,252	21,364
Total assets at period end	4,547,179				4,202,957				4,547,179	4,202,957	3,832,765
Wealth Management Division [Member]
Net interest income									5,162	5,788	5,101
Noninterest income									34,180	23,684	18,701
Total income									39,342	29,472	23,802
Provision for loan losses									0	0	0
Compensation and benefits									17,927	11,039	8,975
Premises and equipment expense									1,750	1,306	1,032
FDIC expense									0	0	0
Other noninterest expense									9,077	7,835	5,541
Total noninterest expense									28,754	20,180	15,548
Income before income tax expense									10,588	9,292	8,254
Income tax expense									2,485	3,047	3,141
Net income									8,103	6,245	5,113
Total assets at period end	$ 70,679				$ 57,590				$ 70,679	$ 57,590	$ 45,868

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) - USD ($) $ in Thousands	1 Months Ended
	Dec. 31, 2018	Jun. 30, 2016
Debt Instrument [Line Items]
Net proceeds used to contribute to the Bank		$ 40,000
Proceeds from debt retained by parent		10,000
Parent Company [Member]
Debt Instrument [Line Items]
Net proceeds used to contribute to the Bank	$ 29,100
Proceeds from debt retained by parent	5,000
Subordinated Debt [Member]
Debt Instrument [Line Items]
Principal amount	$ 35,000	$ 50,000
Non-callable term	5 years	5 years
Notes maturity date	Dec. 15, 2027	Jun. 30, 2026
Fixed interest rate	47.50%	6.00%
LIBOR spread	2.54%	4.85%
Debt issuance costs	$ 875	$ 1,300

ACQUISITIONS (Narrative) (Detai

ACQUISITIONS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Fair value of total consideration transferred	$ 4,300	$ 5,100
Goodwill in period	7,310	15,534
Goodwill	24,417	17,107	$ 1,573	$ 1,573
Amortization of intangible assets	1,187	$ 321	$ 124
Murphy Capital Management [Member]
Business Acquisition [Line Items]
Expense Include impairment expense	405
Wealth Management Division [Member]
Business Acquisition [Line Items]
Goodwill	563
Banking [Member]
Business Acquisition [Line Items]
Goodwill	$ 23,800

ACQUISITIONS (Schedule of Goodw

ACQUISITIONS (Schedule of Goodwill And Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill
Beginning balance	$ 17,107	$ 1,573	$ 1,573
Acquisitions	7,310	15,534
Ending balance	24,417	17,107	1,573
Identifiable Intangible Assets
Beginning balance	6,680	1,535	1,659
Acquisitions	2,440	5,466
Amortization of intangible assets	1,187	321	124
Ending balance	$ 7,933	$ 6,680	$ 1,535

ACQUISITIONS - (Schedule of Est

ACQUISITIONS - (Schedule of Estimated Amortization Expense (Details) $ in Thousands	Dec. 31, 2018USD ($)
Business Combinations [Abstract]
2019	$ 957
2020	950
2021	875
2022	698
2023	$ 566

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Schedule of Accumulated Other Comprehensive Income Balances, Net of Tax) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 403,678	$ 324,210	$ 275,676
Total other comprehensive (loss)/income	(1,260)	534	(1,152)
Balance	469,013	403,678	324,210
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(2,214)	(1,091)	408
Other Comprehensive Income/(Loss) Before Reclassifications	(1,137)	(731)	(1,424)
Amount Reclassified From Accumulated Other Comprehensive Income/(Loss)	218		(75)
Total other comprehensive (loss)/income	(919)	(731)	(1,499)
Balance	(3,006)	(2,214)	(1,091)
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member] | ASU 2016-01 [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative Effect Adjustment for Adoption	127
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member] | ASU 2018-02 {Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative Effect Adjustment for Adoption		(392)
(Losses)/Gains on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	1,002	(440)	(787)
Other Comprehensive Income/(Loss) Before Reclassifications	(247)	1,265	347
Amount Reclassified From Accumulated Other Comprehensive Income/(Loss)	(94)
Total other comprehensive (loss)/income	(341)	1,265	347
Balance	661	1,002	(440)
(Losses)/Gains on Cash Flow Hedge [Member] | ASU 2018-02 {Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative Effect Adjustment for Adoption		177
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(1,212)	(1,531)	(379)
Other Comprehensive Income/(Loss) Before Reclassifications	(1,384)	534	(1,077)
Amount Reclassified From Accumulated Other Comprehensive Income/(Loss)	124		(75)
Total other comprehensive (loss)/income	(1,260)	534	(1,152)
Balance	(2,345)	(1,212)	$ (1,531)
Accumulated Other Comprehensive Loss [Member] | ASU 2016-01 [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative Effect Adjustment for Adoption	$ 127
Accumulated Other Comprehensive Loss [Member] | ASU 2018-02 {Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative Effect Adjustment for Adoption		$ (215)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME(LOSS) (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Securities losses, net	$ 46	$ (325)	$ (36)	$ (78)					$ (393)		$ 119
Income tax expense (benefit)	(2,887)	(3,617)	(3,832)	(3,214)	$ (2,922)	$ (6,256)	$ (4,908)	$ (3,724)	(13,550)	$ (17,810)	(16,264)
Net income	$ 10,729	$ 10,724	$ 11,910	$ 10,807	$ 10,369	$ 10,206	$ 7,940	$ 7,982	44,170	$ 36,497	26,477
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Unrealized Losses on Securities Available for Sale [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Securities losses, net									288		119
Income tax expense (benefit)									(70)		(44)
Net income									218		$ 75
Reclassification out of Accumulated Other Comprehensive Income | (Losses)/Gains on Cash Flow Hedge [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Interest expense									(124)
Income tax expense (benefit)									30
Net income									$ (94)

CONDENSED FINANCIAL STATEMENT_3

CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (STATEMENTS OF CONDITION) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash	$ 5,914	$ 4,415
Interest-earning deposits	154,758	108,931
Total cash and cash equivalents	160,773	113,447	$ 162,691	$ 70,160
Other assets	45,378	26,926
Total assets	4,617,858	4,260,547	3,878,633
LIABILITIES
Subordinated debt	83,193	83,024
Other liabilities	37,921	28,521
Total liabilities	4,148,845	3,856,869
SHAREHOLDERS’ EQUITY
Common stock	16,459	15,858
Surplus	309,088	283,552
Treasury stock	(8,988)	(8,988)
Retained earnings	154,799	114,468
Accumulated other comprehensive loss	(2,345)	(1,212)
Total shareholders’ equity	469,013	403,678	$ 324,210	$ 275,676
Total liabilities and shareholders’ equity	4,617,858	4,260,547
Parent Company [Member]
ASSETS
Cash	12,971	14,563
Interest-earning deposits	517	515
Total cash and cash equivalents	13,488	15,078
Investment in subsidiary	535,277	469,622
Other assets	3,734	2,551
Total assets	552,499	487,251
LIABILITIES
Subordinated debt	83,193	83,024
Other liabilities	293	549
Total liabilities	83,486	83,573
SHAREHOLDERS’ EQUITY
Common stock	16,459	15,858
Surplus	309,088	283,552
Treasury stock	(8,988)	(8,988)
Retained earnings	154,799	114,468
Accumulated other comprehensive loss	(2,345)	(1,212)
Total shareholders’ equity	469,013	403,678
Total liabilities and shareholders’ equity	$ 552,499	$ 487,251

CONDENSED FINANCIAL STATEMENT_4

CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (STATEMENTS OF INCOME) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income
Other income									$ 44,193	$ 34,627	$ 28,918
Expenses
Interest expenses	$ 13,396	$ 12,021	$ 10,431	$ 8,675	$ 7,853	$ 7,499	$ 6,440	$ 5,794	44,523	27,586	20,613
Other expenses									19,344	17,301	14,106
Total expenses	25,524	24,284	24,941	23,337	24,251	21,961	20,095	19,304
Loss before income tax benefit and equity in undistributed earnings of Bank	13,616	14,341	15,742	14,021	13,291	16,462	12,848	11,706	57,720	54,307	42,741
Income tax benefit	2,887	3,617	3,832	3,214	2,922	6,256	4,908	3,724	13,550	17,810	16,264
Net income	$ 10,729	$ 10,724	$ 11,910	$ 10,807	$ 10,369	$ 10,206	$ 7,940	$ 7,982	44,170	36,497	26,477
Other comprehensive income (loss)									(1,260)	534	(1,152)
Total comprehensive income									42,910	37,031	25,325
Parent Company [Member]
Income
Other income									4	2	1
Total income									4	2	1
Expenses
Interest expenses									4,887	3,206	1,696
Other expenses									480	554	699
Total expenses									5,367	3,760	2,395
Loss before income tax benefit and equity in undistributed earnings of Bank									(5,363)	(3,758)	(2,394)
Income tax benefit									(1,123)	(1,313)	(835)
Net loss before equity in undistributed earnings of Bank									(4,240)	(2,445)	(1,559)
Equity in undistributed earnings of Bank/(dividends in excess of earnings)									48,410	38,942	28,036
Net income									44,170	36,497	26,477
Other comprehensive income (loss)									(1,260)	534	(1,152)
Total comprehensive income									$ 42,910	$ 37,031	$ 25,325

CONDENSED FINANCIAL STATEMENT_5

CONDENSED FINANCIAL STATEMENTS OF PEAPACK-GLADSTONE FINANCIAL CORPORATION (PARENT COMPANY ONLY) (STATEMENTS OF CASH FLOWS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Net income	$ 44,170	$ 36,497	$ 26,477
Amortization of subordinated debt costs	169	135	71
Increase in other assets	(8,485)	(9,977)	945
(Decrease)/increase in accrued expenses and other liabilities	(929)	2,330	2,935
Net cash provided by operating activities	64,248	55,935	42,926
Investing activities:
Net cash used in investing activities	(297,707)	(435,514)	(433,175)
Financing activities:
Cash dividends paid on common stock	(3,712)	(3,548)	(3,296)
Exercise of stock options, net stock swaps	275	690	1,069
Proceeds from issuance of subordinated debt		34,125	48,693
Issuance of common shares (DRIP program)	16,677	36,588	22,461
Net cash provided by financing activities	280,785	330,335	482,780
Net increase/(decrease) in cash and cash equivalents	47,326	(49,244)	92,531
Parent Company [Member]
Operating activities:
Net income	44,170	36,497	26,477
Undistributed earnings of Bank	(48,410)	(38,942)	(28,036)
Amortization of subordinated debt costs	171	135	71
Increase in other assets	(1,183)	(1,248)	(889)
(Decrease)/increase in accrued expenses and other liabilities	(256)	113	114
Net cash provided by operating activities	(5,508)	(3,445)	(2,263)
Investing activities:
Capital contribution to subsidiary	(9,322)	(60,177)	(57,823)
Net cash used in investing activities	(9,322)	(60,177)	(57,823)
Financing activities:
Cash dividends paid on common stock	(3,712)	(3,548)	(3,296)
Exercise of stock options, net stock swaps	275	690	1,069
Proceeds from issuance of subordinated debt		34,125	48,693
Issuance of common shares (DRIP program)	16,677	36,588	22,461
Net cash provided by financing activities	13,240	67,855	68,927
Net increase/(decrease) in cash and cash equivalents	(1,590)	4,233	8,841
Cash and cash equivalents at beginning of period	15,078	10,845	2,004
Cash and cash equivalents at end of period	$ 13,488	$ 15,078	$ 10,845

SUPPLEMENTAL DATA (unaudited)_2

SUPPLEMENTAL DATA (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Interest income	$ 42,781	$ 40,163	$ 39,674	$ 37,068	$ 36,439	$ 37,491	$ 33,412	$ 31,385	$ 159,686	$ 138,727	$ 117,048
Interest expenses	13,396	12,021	10,431	8,675	7,853	7,499	6,440	5,794	44,523	27,586	20,613
Net interest income before provision for loan and lease losses	29,385	28,142	29,243	28,393	28,586	29,992	26,972	25,591	115,163	111,141	96,435
Provision for loan losses	1,500	500	300	1,250	1,650	400	2,200	1,600	3,550	5,850	7,500
Wealth management fee income	8,552	8,200	8,126	8,367	7,489	5,790	5,086	4,818	33,245	23,183	18,240
Securities (losses)/gains, net	46	(325)	(36)	(78)					(393)		119
Other income	2,657	3,108	3,650	1,926	3,117	3,041	3,085	2,201	3,844	2,814	1,638
Operating expenses	25,524	24,284	24,941	23,337	24,251	21,961	20,095	19,304
Income before income tax expense	13,616	14,341	15,742	14,021	13,291	16,462	12,848	11,706	57,720	54,307	42,741
Income tax expense	2,887	3,617	3,832	3,214	2,922	6,256	4,908	3,724	13,550	17,810	16,264
Net income	$ 10,729	$ 10,724	$ 11,910	$ 10,807	$ 10,369	$ 10,206	$ 7,940	$ 7,982	$ 44,170	$ 36,497	$ 26,477
EARNINGS PER SHARE
Earnings per share-basic	$ 0.56	$ 0.56	$ 0.63	$ 0.58	$ 0.57	$ 0.57	$ 0.45	$ 0.47	$ 2.33	$ 2.07	$ 1.62
Earnings per share-diluted	$ 0.55	$ 0.56	$ 0.62	$ 0.57	$ 0.56	$ 0.56	$ 0.45	$ 0.46	$ 2.31	$ 2.03	$ 1.60