Peapack-Gladstone Financial (PGC) 10-Q 6 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 01, 2019
Cover [Abstract]
Entity Registrant Name	PEAPACK GLADSTONE FINANCIAL CORP
Entity Central Index Key	0001050743
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		19,045,098
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Trading Symbol	PGC
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-16197
Entity Tax Identification Number	22-3537895
Entity Address, Address Line One	500 Hills Drive
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Bedminster
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07921-0700
City Area Code	908
Local Phone Number	234-0700
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	NJ
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, no par value
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks		$ 5,770	$ 5,914
Federal funds sold		101	101
Interest-earning deposits		221,242	154,758
Total cash and cash equivalents		227,113	160,773
Securities available for sale		349,989	377,936
Equity security, at fair value		7,881	4,719
FHLB and FRB stock, at cost		21,403	18,533
Loans held for sale, at fair value		1,756	1,576
Loans held for sale, at lower of cost or fair value		5,937	3,542
Loans		4,159,912	3,927,931
Less: Allowance for loan and lease losses		41,580	38,504
Net loans		4,118,332	3,889,427
Premises and equipment		20,898	27,408
Other real estate owned		336
Accrued interest receivable		11,759	10,814
Bank owned life insurance		45,940	45,353
Goodwill		33,817	24,417
Other intangible assets		7,294	7,982
Finance lease right-of-use assets		5,265
Operating lease right-of-use assets		10,328
Other assets		57,361	45,378
TOTAL ASSETS		4,925,409	4,617,858
Deposits:
Noninterest-bearing demand deposits		544,464	463,926
Interest-bearing deposits:
Checking	[1]	1,352,471	1,247,305
Savings		115,448	114,674
Money market accounts		1,196,188	1,243,369
Certificates of deposit - retail		583,425	510,724
Certificates of deposit - listing service		55,664	79,195
Subtotal deposits		3,847,660	3,659,193
Interest-bearing demand - brokered		180,000	180,000
Certificates of deposit - brokered		33,696	56,147
Total deposits		4,061,356	3,895,340
Short-term borrowings		67,000
Federal Home Loan Bank advances		105,000	108,000
Finance lease liabilities		7,793	8,362
Operating lease liabilities		10,619
Subordinated debt, net		83,361	83,193
Deferred tax liabilities, net		19,498	16,029
Accrued expenses and other liabilities		75,432	37,921
TOTAL LIABILITIES		4,430,059	4,148,845
SHAREHOLDERS’ EQUITY
Preferred stock (no par value; authorized 500,000 shares; liquidation preference of $1,000 per share)
Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 20,003,272 at September 30, 2019 and 19,745,840 at December 31, 2018; outstanding shares, 18,999,241 at September 30, 2019 and 19,337,662 at December 31, 2018		16,673	16,459
Surplus		318,463	309,088
Treasury stock at cost, 1,004,031 shares at September 30, 2019 and 408,178 at December 31, 2018		(25,705)	(8,988)
Retained earnings		187,748	154,799
Accumulated other comprehensive loss, net of income tax		(1,829)	(2,345)
TOTAL SHAREHOLDERS’ EQUITY		495,350	469,013
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY		$ 4,925,409	$ 4,617,858
[1]	Interest-bearing checking includes $448.9 million at September 30, 2019 and $434.5 million at December 31, 2018 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	500,000	500,000
Preferred stock, liquidation preference per share	$ 1,000	$ 1,000
Common stock, stated value	$ 0.83	$ 0.83
Common stock, shares authorized	42,000,000	42,000,000
Common stock, shares issued	20,003,272	19,745,840
Common stock, shares outstanding	18,999,241	19,337,662
Treasury stock, shares	1,004,031	408,178

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
INTEREST INCOME
Interest and fees on loans	$ 42,006	$ 37,250	$ 123,113	$ 109,019
Interest on investments:
Taxable	2,477	2,385	7,800	6,382
Tax-exempt	73	98	257	306
Interest on loans held for sale	30	12	47	28
Interest on interest-earning deposits	1,362	418	3,897	1,170
Total interest income	45,948	40,163	135,114	116,905
INTEREST EXPENSE
Interest on savings and interest-bearing deposit accounts	8,710	5,922	25,325	14,057
Interest on certificates of deposit	3,781	2,545	10,476	7,024
Interest on borrowed funds	886	1,038	2,558	2,563
Interest on finance lease liability	94	103	290	316
Interest on subordinated debt	1,224	1,223	3,671	3,665
Subtotal - interest expense	14,695	10,831	42,320	27,625
Interest on interest-bearing demand - brokered	901	796	2,476	2,280
Interest on certificates of deposits - brokered	267	394	958	1,222
Total interest expense	15,863	12,021	45,754	31,127
NET INTEREST INCOME BEFORE PROVISION FOR LOAN AND LEASE LOSSES	30,085	28,142	89,360	85,778
Provision for loan and lease losses	800	500	2,050	2,050
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	29,285	27,642	87,310	83,728
OTHER INCOME
Wealth management fee income	9,501	8,200	28,243	24,693
Service charges and fees	882	860	2,595	2,564
Bank owned life insurance	332	349	996	1,030
Gains on loans held for sale at fair value (mortgage banking)	198	87	377	260
Loss on loans held for sale at lower of cost or fair value	(6)		(6)
Fee income related to loan level, back-to-back swaps	2,349	854	3,340	2,006
Gain on sale of SBA loans	224	514	1,216	1,359
Other income	902	444	2,248	1,465
Securities gains/(losses), net	34	(325)	162	(439)
Total other income	14,416	10,983	39,171	32,938
OPERATING EXPENSES
Compensation and employee benefits	17,476	16,025	52,175	46,430
Premises and equipment	3,849	3,399	10,837	10,075
FDIC insurance (credit)/expense	(277)	593	277	1,798
Other operating expense	5,211	4,267	14,858	14,259
Total operating expenses	26,259	24,284	78,147	72,562
INCOME BEFORE INCOME TAX EXPENSE	17,442	14,341	48,334	44,104
Income tax expense	5,216	3,617	13,133	10,663
NET INCOME	$ 12,226	$ 10,724	$ 35,201	$ 33,441
EARNINGS PER SHARE
Basic	$ 0.63	$ 0.56	$ 1.82	$ 1.77
Diluted	$ 0.63	$ 0.56	$ 1.81	$ 1.75
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic	19,314,666	19,053,849	19,370,627	18,865,982
Diluted	19,484,905	19,240,098	19,496,721	19,066,986

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 12,226	$ 10,724	$ 35,201	$ 33,441
Unrealized gains/(losses) on available for sale securities:
Unrealized holding gains/(losses) arising during the period	769	(1,576)	5,928	(5,163)
Reclassification adjustment for amounts included in net income		288		288
Before tax	769	(1,288)	5,928	(4,875)
Tax effect	(186)	315	(1,441)	1,150
Net of tax	583	(973)	4,487	(3,725)
Unrealized gains on cash flow hedges:
Unrealized holding gains/(losses) arising during the period	(1,084)	843	(5,540)	2,412
Reclassification adjustment for amounts included in net income	(80)	(31)	(142)	(93)
Before tax	(1,164)	812	(5,682)	2,319
Tax effect	356	(298)	1,711	(722)
Net of tax	(808)	514	(3,971)	1,597
Total other comprehensive income/(loss)	(225)	(459)	516	(2,128)
Total comprehensive income	$ 12,001	$ 10,265	$ 35,717	$ 31,313

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, 2017	$ 403,678	$ 15,858	$ 283,552	$ (8,988)	$ 114,468	$ (1,212)
Net income	33,441				33,441
Other comprehensive income (loss)	(2,128)					(2,128)
Cumulative adjustment for equity security(ASU 2016-01)					(127)	127
Restricted stock units issued		75	(75)
Restricted stock awards forfeitures		(78)	78
Restricted stock units/awards repurchased on vesting to pay taxes	(1,426)	(34)	(1,392)
Amortization of restricted stock awards/units	3,302		3,302
Cash dividends declared on common stock	(2,748)				(2,748)
Common stock options exercised	197	14	183
Sales of shares (Dividend Reinvestment Program)	14,875	389	14,486
Issuance of shares for Employee Stock Purchase Plan	751	19	732
Issuance of common stock for acquisition	4,491	104	4,387
Balance at Sep. 30, 2018	454,433	16,347	305,253	(8,988)	145,034	(3,213)
Balance at Jun. 30, 2018	437,019	16,183	297,318	(8,988)	135,260	(2,754)
Net income	10,724				10,724
Other comprehensive income (loss)	(459)					(459)
Restricted stock units issued		4	(4)
Restricted stock units/awards repurchased on vesting to pay taxes	(23)	(1)	(22)
Amortization of restricted stock awards/units	1,172		1,172
Cash dividends declared on common stock	(950)				(950)
Common stock options exercised	95	5	90
Sales of shares (Dividend Reinvestment Program)	2,142	63	2,079
Issuance of shares for Employee Stock Purchase Plan	222	6	216
Issuance of common stock for acquisition	4,491	87	4,404
Balance at Sep. 30, 2018	454,433	16,347	305,253	(8,988)	145,034	(3,213)
Balance at Dec. 31, 2018	469,013	16,459	309,088	(8,988)	154,799	(2,345)
Net income	35,201				35,201
Other comprehensive income (loss)	516					516
Cumulative adjustment for leases (ASC 842)	661				661
Restricted stock units issued		109	(109)
Restricted stock units/awards repurchased on vesting to pay taxes	(981)	(30)	(951)
Amortization of restricted stock awards/units	4,374		4,374
Cash dividends declared on common stock	(2,913)				(2,913)
Share repurchase	(16,717)			(16,717)
Common stock options exercised	23	1	22
Exercise of warrants		2	(2)
Issuance of shares for Employee Stock Purchase Plan	532	15	517
Issuance of common stock for acquisition	5,641	117	5,524
Balance at Sep. 30, 2019	495,350	16,673	318,463	(25,705)	187,748	(1,829)
Balance at Jun. 30, 2019	493,888	16,557	311,428	(8,988)	176,495	(1,604)
Net income	12,226				12,226
Other comprehensive income (loss)	(225)					(225)
Amortization of restricted stock awards/units	1,509		1,509
Cash dividends declared on common stock	(973)				(973)
Share repurchase	(16,717)			(16,717)
Common stock options exercised	1		1
Issuance of common stock for acquisition	5,641	116	5,525
Balance at Sep. 30, 2019	$ 495,350	$ 16,673	$ 318,463	$ (25,705)	$ 187,748	$ (1,829)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Shares outstanding			19,337,662
Common stock options exercised, shares			1,660
Issuance of shares for Employee Stock Purchase Plan, shares	0	6,704	18,740	22,194
Shares outstanding	18,999,241		18,999,241
Common Stock [Member]
Shares outstanding	19,456,312	19,007,312	19,337,662	18,619,634
Restricted stock units issued, shares		5,292	131,141	90,534
Restricted stock awards forfeitures, shares				(94,034)
Restricted stock units/awards repurchased on vesting to pay taxes, shares		(668)	(35,949)	(41,125)
Cash dividends declared on common stock, per share	$ 0.05	$ 0.05	$ 0.15	$ 0.15
Share repurchase, share	(595,853)		(595,853)
Common stock options exercised, shares	140	6,600	1,660	17,283
Common stock options exercised, used to exercise, shares				2,374
Common stock options exercised, net of shares used to exercise, shares				14,909
Exercise of warrants, shares			7,109
Exercise of warrants, used to exercise, shares			4,218
Exercise of warrants, net of shares used to exercise, shares			2,891
Sales of shares (Dividend Reinvestment Program), shares		75,000		467,302
Issuance of shares for Employee Stock Purchase Plan, shares		6,704	18,740	22,194
Issuance of common stock for acquisition, shares	138,642	103,487	138,949	124,313
Shares outstanding	18,999,241	19,203,727	18,999,241	19,203,727

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES:
Net income		$ 35,201	$ 33,441
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		2,342	2,349
Amortization of premium and accretion of discount on securities, net		1,165	1,093
Amortization of restricted stock		4,374	3,302
Amortization of intangible assets		688	540
Amortization of subordinated debt costs		168	114
Provision for loan and lease losses		2,050	2,050
Provision for OREO losses			232
Deferred tax expense		3,719	3,626
Stock-based compensation and employee stock purchase plan expense		117	143
Fair value adjustment for equity security		(162)	151
Loss on sale of securities, available for sale, net			288
Loans originated for sale	[1]	(40,561)	(35,442)
Proceeds from sales of loans held for sale	[1]	42,188	37,562
Gain on loans held for sale	[1]	(1,593)	(1,619)
Loss on loans held for sale at lower of cost or fair value		6
Loss on OREO sold			32
Cash surrender value of life insurance, net		(587)	(595)
Increase in accrued interest receivable		(945)	(1,397)
Decrease in other assets		9,681	4,141
Increase in accrued expenses and other liabilities		9,292	7,405
NET CASH PROVIDED BY OPERATING ACTIVITIES		67,143	57,416
INVESTING ACTIVITIES:
Principal repayments, maturities and calls of securities available for sale		170,247	56,242
Redemptions of FHLB and FRB stock		361	71,309
Proceeds from sales of securities available for sale			19,542
Purchase of securities available for sale		(140,537)	(127,835)
Purchase of FHLB and FRB stock		(3,231)	(79,492)
Proceeds from sales of loans held for sale at lower of cost or fair value		(6)
Net increase in loans, net of participations sold		(233,900)	(98,989)
Sale of other real estate owned			1,730
Purchase of premises and equipment		(1,097)	(747)
Purchase of wealth management company		(2,600)	(3,500)
NET CASH USED IN INVESTING ACTIVITIES		(210,763)	(161,740)
FINANCING ACTIVITIES:
Net increase/(decrease) in deposits		166,016	(39,060)
Net increase in overnight borrowings		52,000	95,190
Proceeds from Federal Home Loan Bank long term advances			70,000
Proceeds from Federal Home Loan Bank short term advances		15,000
Repayments of Federal Home Loan Bank advances		(3,000)	(23,898)
Dividends paid on common stock		(2,913)	(2,748)
Exercise of Stock Options, net of stock swaps		23	197
Restricted stock repurchased on vesting to pay taxes		(981)	(1,426)
Sales of common shares (Dividend Reinvestment Program)			14,875
Issuance of shares for employee stock purchase plan		532	751
Purchase of treasury shares		(16,717)
NET CASH PROVIDED BY FINANCING ACTIVITIES		209,960	113,881
Net increase in cash and cash equivalents		66,340	9,557
Cash and cash equivalents at beginning of period		160,773	113,447
Cash and cash equivalents at end of period		227,113	123,004
Cash paid during the year for:
Interest		44,497	28,614
Income tax, net		1,047	2,569
Transfer of loans to other real estate owned		336
Acquisition goodwill		$ 9,400	$ 11,000
[1]	Includes mortgage loans originated with the intent to sell which are carried at fair value. In addition, this includes the guaranteed portion of SBA loans which are carried at the lower of cost or fair value.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Certain information and footnote disclosures normally included in the audited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2018 for Peapack-Gladstone Financial Corporation (the “Corporation” or the “Company”). In the opinion of the management of the Corporation, the accompanying unaudited Consolidated Interim Financial Statements contain all adjustments (consisting solely of normal recurring accruals) necessary to present fairly the financial position as of September 30, 2019, the results of operations, comprehensive income and shareholders’ equity for the three and nine months ended September 30, 2019 and 2018, and cash flow statements for the nine months ended September 30, 2019 and 2018. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for any future period. 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 (“PCC”), Murphy Capital Management (“MCM”), Quadrant Capital Management (“Quadrant”), Lassus Wherley & Associates (“Lassus Wherley”) (acquired in the third quarter of 2018), Point View Wealth Management (“Point View”) (acquired in the third quarter of 2019), 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 and their subsidiaries, 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. 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 Peapack 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 services. 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, tax preparation and advisory services. This segment also includes the activity from the Delaware subsidiary, PGB Trust and Investments of Delaware, MCM, Quadrant, Lassus Wherley, and Point View. Wealth management fees are primarily earned based upon assets under management and/or administration (“AUM”) and are generally assessed on a monthly or quarterly basis on a tiered fee schedule based on the market value of AUM at the end of the period. 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 short-term borrowings with original maturities of 90 days or less. 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. Both cash and stock dividends are reported as income. The Bank is also a member of the Federal Reserve Bank System and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Both cash and stock dividends are reported as income. Loans Held for Sale: Mortgage loans 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 income statement, are based on the difference between the selling price and the carrying value of the related loan sold. U.S. Small Business Administration (SBA) loans originated with the intent to sell the guaranteed portion in the secondary market are carried at the lower of cost or fair value. SBA loans are generally sold with the servicing rights retained. Total SBA loans serviced totaled $45.6 million and $35.1 million as of September 30, 2019 and December 31, 2018, respectively. SBA loans held for sale totaled $943 thousand and $1.2 million at September 30, 2019 and December 31, 2018, respectively. 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/cost were 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 unless the asset is both well secured and in the process of collection. 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 may be returned to accrual status. Nonaccrual mortgage loans are generally charged off to the extent that 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 and Lease Losses: The allowance for loan and lease losses is a valuation allowance for credit losses that is Management’s estimate of probable 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 Company’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 September 30, 2019 and December 31, 2018, 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 Leases: At inception, contracts are evaluated to determine whether the contract constitutes a lease agreement. For contracts that are determined to be an operating lease, a corresponding right-of-use (“ROU”) asset and operating lease liability are recorded in separate line items on the statement of condition. A ROU asset represents the Company’s right to use an underlying asset during the lease term and a lease liability represents the Company’s commitment to make contractually obligated lease payments. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The measurement of the operating lease ROU asset includes any lease payments made. If the rate implicit in the lease is not readily determinable, the incremental collateralized borrowing rate is used to determine the present value of lease payments. This rate gives consideration to the applicable FHLB collateralized borrowing rates and is based on the information available at the commencement date. The Company has elected to apply the short-term lease measurement and recognition exemption to leases with an initial term of 12 months or less; therefore, these leases are not recorded on the Company’s statement of condition, but rather, lease expense is recognized over the lease term on a straight-line basis. The Company’s lease agreements may include options to extend or terminate the lease. The Company’s decision to exercise renewal options is based on an assessment of its current business needs and market factors at the time of the renewal. The Company maintains certain property and equipment under direct financing and operating leases. Substantially all of the leases in which the Company is the lessee are comprised of real estate property for branches and office space and are classified as operating leases. The Company has two existing finance leases (previously classified as a capital lease and included in premises and equipment on our statement of condition at December 31, 2018) for the Company’s administration building and one branch location. Topic 842 did not materially impact the accounting for these capital leases. The ROU asset is measured at the amount of the lease liability adjusted for lease incentives received, any cumulative prepaid or accrued rent if the lease payments are uneven throughout the lease term, any unamortized initial direct costs, and any impairment of the ROU asset. Operating lease expense consists of: a single lease cost allocated over the remaining lease term on a straight-line basis, variable lease payments not included in the lease liability, and any impairment of the right-of-use-asset. There are no terms or conditions related to residual value guarantees and no restrictions or covenants that would impact the Company’s ability to pay dividends or to incur additional financial obligations. 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 cash flow 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. When hedge accounting is discontinued on a fair value hedge that no longer qualifies as an effective hedge, the derivative continues to be reported at fair value in the statement of condition, but the carrying amount of the hedged item is no longer adjusted for future changes in fair value. The adjustment to the carrying amount of the hedged item that existed at the date hedge accounting is discontinued is amortized over the remaining life of the hedged item into earnings. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminated, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. Stock-Based Compensation: 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. The options granted under these plans are, in general, exercisable not earlier than one year after the date of grant, 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. 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 ASU 2016-09, “Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting,” the Company has elected to account for forfeitures as they occur, rather than estimate expected forfeitures. For the Company’s stock option plans, changes in options outstanding during the nine months ended September 30, 2019 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2019 91,310 $ 13.63 Exercised during 2019 (1,660 ) 14.26 Expired during 2019 (930 ) 20.73 Forfeited during 2019 (20,000 ) 13.07 Balance, September 30, 2019 68,720 $ 13.68 2.08 years $ 986 Vested and expected to vest 68,720 $ 13.68 2.08 years $ 986 Exercisable at September 30, 2019 68,720 $ 13.68 2.08 years $ 986 The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the third quarter of 2019 and the exercise price, multiplied by the number of in-the-money options). The Company’s closing stock price on September 30, 2019 was $28.03. There were no stock options granted during the three or nine months ended September 30, 2019. The Company has previously granted performance-based and service-based restricted stock awards/units. Service-based awards/units vest ratably over a three or five-year period. There were no service-based restricted stock units granted during the third quarter of 2019. The performance-based awards are dependent upon the Company meeting certain performance criteria and, to the extent the performance criteria are met, will cliff vest at the end of the performance period which is generally three years. There were no performance-based restricted stock units granted in the third quarter of 2019. Changes in non-vested shares dependent on performance criteria for the nine months ended September 30, 2019 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2019 42,998 $ 35.33 Granted during 2019 47,770 26.34 Balance, September 30, 2019 90,768 $ 30.60 Changes in service-based restricted stock awards/units for the nine months ended September 30, 2019 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2019 366,541 $ 30.64 Granted during 2019 223,396 26.51 Vested during 2019 (140,178 ) 27.44 Forfeited during 2019 (4,146 ) 31.53 Balance, September 30, 2019 445,613 $ 29.57 As of September 30, 2019, there was $29 thousand of total unrecognized compensation cost related to service-based awards. That cost is expected to be recognized over a weighted average period of 0.21 years. As of September 30, 2019, there was $11.2 million of total unrecognized compensation cost related to service-based and performance-based units. That cost is expected to be recognized over a weighted average period of 1.21 years. Stock compensation expense recorded for the third quarters of 2019 and 2018 totaled $1.5 million and $1.1 million, respectively. Stock compensation expense recorded for the nine months ended September 30, 2019 and 2018 totaled $4.4 million and $3.5 million, respectively. Employee Stock Purchase Plan (“ESPP”): In 2014, the shareholders of the Company approved the ESPP. The ESPP provides for the granting of rights to purchase up to 150,000 shares of Corporation common stock. Subject to certain eligibility requirements and restrictions, the ESPP originally allowed employees to purchase shares during four three-month offering periods (“Offering Period”). An amendment to the ESPP plan has changed the Offering Period to one twelve-month period to commence in the third quarter of 2019 with the next purchase occurring in May 2020. Each participant in the Offering Period is granted an option to purchase a number of shares and may contribute between 1% and 15% of their compensation. At the end of the 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% of the closing market price of a share of Company common stock on the purchase date. Participation in the ESPP is entirely voluntary and employees can cancel their purchases at any time during the Offering Period without penalty. The fair value of each purchase right is determined using the Black-Scholes option pricing model. The Company recorded $41 thousand and $31 thousand of expense in salaries and employee benefits expense for the three months ended September 30, 2019 and 2018, respectively, related to the ESPP. Total shares issued under the ESPP during the third quarter of 2018 was The Company recorded $117 thousand and $143 thousand of expense in salaries and employee benefits expense for the nine months ended September 30, 2019 and 2018, respectively, related to the ESPP. Total shares issued under the ESPP for the nine months ended September 30, 2019 and 2018 were 18,740 and 22,194, respectively. Earnings per share – Basic and Diluted: The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all restricted stock, stock warrants or restricted stock units were to vest during the reporting period. Three Months Ended Nine Months Ended September 30, September 30, (Dollars in thousands, except per share data) 2019 2018 2019 2018 Net income available to common shareholders $ 12,226 $ 10,724 $ 35,201 $ 33,441 Basic weighted-average shares outstanding 19,314,666 19,053,849 19,370,627 18,865,982 Plus: common stock equivalents 170,239 186,249 126,094 201,004 Diluted weighted-average shares outstanding 19,484,905 19,240,098 19,496,721 19,066,986 Net income per share Basic $ 0.63 $ 0.56 $ 1.82 $ 1.77 Diluted 0.63 0.56 1.81 1.75 For the three and nine months ended September 30, 2019, stock options and restricted stock units totaling 27,497 and 277,677 were not included in the computation of diluted earnings per share because they were antidilutive. For the nine months ended September 30, 2018, stock options and restricted stock units totaling 219,733 were not included in the computation of diluted earnings per share because they were antidilutive. There were no antidilutive options for the three months ended September 30, 2018. 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 subje

INVESTMENT SECURITIES AVAILABLE

INVESTMENT SECURITIES AVAILABLE FOR SALE	9 Months Ended
	Sep. 30, 2019
Investment Securities Available For Sale [Abstract]
INVESTMENT SECURITIES AVAILABLE FOR SALE	2. INVESTMENT SECURITIES AVAILABLE FOR SALE A summary of amortized cost and approximate fair value of investment securities available for sale included in the consolidated statements of condition as of September 30, 2019 and December 31, 2018 follows: September 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 34,986 $ 78 $ (17 ) $ 35,047 Mortgage-backed securities –residential 294,800 2,599 (770 ) 296,629 SBA pool securities 3,071 — (14 ) 3,057 State and political subdivisions 12,178 31 (13 ) 12,196 Corporate bond 3,000 60 — 3,060 Total $ 348,035 $ 2,768 $ (814 ) $ 349,989 December 31, 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 The following tables present the Company’s available for sale securities in a continuous unrealized loss position and the approximate fair value of these investments as of September 30, 2019 and December 31, 2018. September 30, 2019 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 $ 9,981 $ (17 ) $ — $ — $ 9,981 $ (17 ) Mortgage-backed securities-residential 34,091 (79 ) 76,218 (691 ) 110,309 (770 ) SBA pool securities — — 3,057 (14 ) 3,057 (14 ) State and political subdivisions 5,117 (13 ) — — 5,117 (13 ) Total $ 49,189 $ (109 ) $ 79,275 $ (705 ) $ 128,464 $ (814 ) December 31, 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 ) Management believes that the unrealized losses on investment securities available for sale are temporary and are due to interest rate fluctuations and/or volatile market conditions rather than the credit worthiness of the issuers. As of September 30, 2019, 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. 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 an equity security. This security had a gain of $34 thousand and $162 thousand for the three and nine months ended September 30, 2019, respectively. This amount is included in securities gains/(losses) on the Consolidated Statements of Income.

LOANS AND LEASES

LOANS AND LEASES	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
LOANS AND LEASES	3. LOANS AND LEASES Loans outstanding, excluding those held for sale, by general ledger classification, as of September 30, 2019 and December 31, 2018, consisted of the following: % of % of September 30, Totals December 31, Total (Dollars in thousands) 2019 Loans 2018 Loans Residential mortgage $ 559,787 13.46 % $ 571,570 14.55 % Multifamily mortgage 1,197,093 28.78 1,135,805 28.92 Commercial mortgage 721,261 17.34 702,165 17.88 Commercial loans (including equipment financing) 1,564,784 37.62 1,397,057 35.57 Commercial construction 4,355 0.10 — — Home equity lines of credit 58,423 1.40 62,191 1.58 Consumer loans, including fixed rate home equity loans 53,829 1.29 58,678 1.49 Other loans 380 0.01 465 0.01 Total loans $ 4,159,912 100.00 % $ 3,927,931 100.00 % In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal Call Report codes. The following portfolio classes have been identified as of September 30, 2019 and December 31, 2018: % of % of September 30, Totals December 31, Total (Dollars in thousands) 2019 Loans 2018 Loans Primary residential mortgage $ 586,404 14.11 % $ 600,891 15.31 % Home equity lines of credit 58,425 1.41 62,191 1.58 Junior lien loan on residence 7,063 0.17 7,418 0.19 Multifamily property 1,197,093 28.80 1,135,805 28.94 Owner-occupied commercial real estate 258,563 6.22 261,193 6.65 Investment commercial real estate 1,044,730 25.14 1,001,918 25.53 Commercial and industrial 704,726 16.96 616,838 15.72 Lease financing 233,918 5.63 172,643 4.40 Farmland/agricultural production 3,059 0.07 149 0.01 Commercial construction loans 4,579 0.11 86 0.01 Consumer and other loans 57,271 1.38 65,180 1.66 Total loans $ 4,155,831 100.00 % $ 3,924,312 100.00 % Net deferred costs 4,081 3,619 Total loans including net deferred costs $ 4,159,912 $ 3,927,931 The following tables present the loan balances by portfolio class, based on impairment method, and the corresponding balances in the allowance for loan and lease losses (ALLL) as of September 30, 2019 and December 31, 2018: September 30, 2019 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 $ 7,238 $ 237 $ 579,166 $ 2,252 $ 586,404 $ 2,489 Home equity lines of credit 3 — 58,422 145 58,425 145 Junior lien loan on residence 24 — 7,039 15 7,063 15 Multifamily property — — 1,197,093 6,235 1,197,093 6,235 Owner-occupied commercial real estate 395 — 258,168 2,272 258,563 2,272 Investment commercial real estate 22,676 1,000 1,022,054 14,745 1,044,730 15,745 Commercial and industrial 6,291 1,500 698,435 10,405 704,726 11,905 Lease financing — — 233,918 2,396 233,918 2,396 Farmland/agricultural production — — 3,059 39 3,059 39 Commercial construction loans — — 4,579 24 4,579 24 Consumer and other loans — — 57,271 315 57,271 315 Total ALLL $ 36,627 $ 2,737 $ 4,119,204 $ 38,843 $ 4,155,831 $ 41,580 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 Farmland/agricultural production — — 149 2 149 2 Commercial construction loans — — 86 1 86 1 Consumer and other loans — — 65,180 384 65,180 384 Total ALLL $ 31,300 $ 262 $ 3,893,012 $ 38,242 $ 3,924,312 $ 38,504 Impaired loans include nonaccrual loans of $29.4 million at September 30, 2019 and $25.7 million at December 31, 2018. Impaired loans also include performing TDR loans of $2.5 million at September 30, 2019 and $4.3 million at December 31, 2018. At September 30, 2019, the allowance allocated to TDR loans totaled $1.2 million, all of which The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2019 and December 31, 2018 (The average impaired loans on the following tables represent year to date impaired loans.): September 30, 2019 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 7,456 $ 6,255 $ — $ 7,528 Owner-occupied commercial real estate 461 395 — 1,337 Investment commercial real estate 9,694 8,169 — 16,103 Home equity lines of credit 5 3 — 101 Junior lien loan on residence 95 24 — 32 Total loans with no related allowance $ 17,711 $ 14,846 $ — $ 25,101 With related allowance recorded: Primary residential mortgage $ 983 $ 983 $ 237 $ 1,074 Investment commercial real estate 15,064 14,507 1,000 1,612 Commercial and industrial 6,397 6,291 1,500 2,856 Total loans with related allowance $ 22,444 $ 21,781 $ 2,737 $ 5,542 Total loans individually evaluated for Impairment $ 40,155 $ 36,627 $ 2,737 $ 30,643 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 property 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 Interest income recognized on impaired loans for the quarters ended September 30, 2019 and 2018 was not material. The Company did not recognize any income on nonaccruing impaired loans for the three and nine months ended September 30, 2019 and 2018. The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of September 30, 2019 and December 31, 2018: September 30, 2019 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 4,710 $ — Home equity lines of credit 3 — Junior lien loan on residence 24 — Owner-occupied commercial real estate 395 — Investment commercial real estate 17,960 — Commercial and industrial 6,291 — Total $ 29,383 $ — 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 $ — The following tables present the aging of the recorded investment in past due loans as of September 30, 2019 and December 31, 2018 by class of loans, excluding nonaccrual loans: September 30, 2019 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 1,335 $ — $ — $ 1,335 Home equity lines of credit 258 — $ — $ 258 Owner-occupied commercial real estate 4,313 — — 4,313 Commercial and industrial 342 85 — 427 Total $ 6,248 $ 85 $ — $ 6,333 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 loans 2 — — 2 Total $ 608 $ 491 $ — $ 1,099 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 of $1,000,000 or greater; • At least two borrowing relationships managed by each commercial banker; • Any new Regulation “O” loan commitments over $1,000,000; • No borrower with commitments of less than $250,000; • 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. As of September 30, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 578,247 $ 861 $ 7,296 $ — Home equity lines of credit 58,422 — 3 — Junior lien loan on residence 7,039 — 24 — Multifamily property 1,196,366 — 727 — Owner-occupied commercial real estate 253,475 — 5,088 — Investment commercial real estate 998,506 12,740 33,484 — Commercial and industrial 689,281 8,185 7,260 — Lease financing 233,918 — — — Farmland/agricultural production 3,059 — — — Commercial construction loans 4,495 84 — — Consumer and other loans 57,271 — — — Total $ 4,080,079 $ 21,870 $ 53,882 $ — As of December 31, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 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 — — — Farmland/agricultural production 149 — — — Commercial construction loans — 86 — — Consumer and other loans 64,946 — 234 — Total $ 3,840,333 $ 25,714 $ 58,265 $ — At September 30, 2019, $36.6 million of substandard loans were also considered impaired, compared to December 31, 2018, when $31.2 million of substandard loans were also impaired. The activity in the allowance for loan and lease losses for the three months ended September 30, 2019 is summarized below: July 1, September 30, 2019 2019 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,057 $ — $ — $ (568 ) $ 2,489 Home equity lines of credit 155 — 3 (13 ) 145 Junior lien loan on residence 15 — — — 15 Multifamily property 5,744 — — 491 6,235 Owner-occupied commercial real estate 2,497 — 996 (1,221 ) 2,272 Investment commercial real estate 14,650 — — 1,095 15,745 Commercial and industrial 11,463 — 4 438 11,905 Lease financing 1,888 — — 508 2,396 Farmland/agricultural production 2 — — 37 39 Commercial construction loans 1 — — 23 24 Consumer and other loans 319 (15 ) 1 10 315 Total ALLL $ 39,791 $ (15 ) $ 1,004 $ 800 $ 41,580 The activity in the allowance for loan and lease losses for the three months ended September 30, 2018 is summarized below: July 1, September 30, 2018 2018 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,382 $ (10 ) $ — $ (240 ) $ 4,132 Home equity lines of credit 190 — 3 4 197 Junior lien loan on residence 17 — 6 (7 ) 16 Multifamily property 8,259 — — (604 ) 7,655 Owner-occupied commercial real estate 2,525 — — (138 ) 2,387 Investment commercial real estate 13,659 (1,335 ) 4 463 12,791 Commercial and industrial 7,356 — 85 744 8,185 Lease financing 1,311 — — 238 1,549 Farmland/agricultural production 2 — — — 2 Commercial construction loans 1 — — — 1 Consumer and other loans 364 (27 ) 1 40 378 Total ALLL $ 38,066 $ (1,372 ) $ 99 $ 500 $ 37,293 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2019 is summarized below: January 1, September 30, 2019 2019 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,506 $ (80 ) $ 51 $ (988 ) $ 2,489 Home equity lines of credit 164 — 8 (27 ) 145 Junior lien loan on residence 15 — 11 (11 ) 15 Multifamily property 5,959 — — 276 6,235 Owner-occupied commercial real estate 2,614 — 1,060 (1,402 ) 2,272 Investment commercial real estate 14,248 — — 1,497 15,745 Commercial and industrial 9,839 — 13 2,053 11,905 Lease financing 1,772 — — 624 2,396 Farmland/agricultural production 2 — — 37 39 Commercial construction loans 1 — — 23 24 Consumer and other loans 384 (40 ) 3 (32 ) 315 Total ALLL $ 38,504 $ (120 ) $ 1,146 $ 2,050 $ 41,580 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2018 is summarized below: January 1, September 30, 2018 2018 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,085 $ (87 ) $ 139 $ (5 ) $ 4,132 Home equity lines of credit 221 — 7 (31 ) 197 Junior lien loan on residence 12 — 61 (57 ) 16 Multifamily property 10,007 — — (2,352 ) 7,655 Owner-occupied commercial real estate 2,385 (64 ) 66 — 2,387 Investment commercial real estate 11,933 (1,335 ) 4 2,189 12,791 Commercial and industrial 6,563 (46 ) 107 1,561 8,185 Lease financing 884 — — 665 1,549 Farmland/agricultural production — — — 2 2 Commercial construction loans 1 — — — 1 Consumer and other loans 349 (52 ) 3 78 378 Total ALLL $ 36,440 $ (1,584 ) $ 387 $ 2,050 $ 37,293 Troubled Debt Restructurings: The Company has allocated $1.2 million and $262 thousand of specific reserves on TDRs to customers whose loan terms have been modified in TDRs as of September 30, 2019 and December 31, 2018, respectively. There were no unfunded commitments to lend additional amounts to customers with outstanding loans that are classified as TDRs. The terms of certain loans were modified as TDRs when one or a combination of the following occurred: a reduction of the stated interest rate of the loan; the maturity date was extended; or some other modification or extension occurred which would not be readily available in the market. The following table presents loans by class modified as TDRs during both the three and nine-month periods ended September 30, 2019: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 341 $ 341 Total 1 $ 341 $ 341 The following table presents loans by class modified as TDRs during the three-month period ended September 30, 2018: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 766 $ 766 Total 1 $ 766 $ 766 The following table presents loans by class modified as TDRs during the nine-month period ended September 30, 2018: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 766 $ 766 Investment commercial real estate 1 15,351 15,351 Total 2 $ 16,117 $ 16,117 The identification of the TDRs did not have a significant impact on the allowance for loan and lease losses. There were no loans that were modified as TDRs for which there was a payment default within twelve months of modification, during the three and nine months ended September 30, 2019 and September 30, 2018. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. The modification of the terms of such loans may include one or more of the following: (1) a reduction of the stated interest rate of the loan to a rate that is lower than the current market rate for new debt with similar risk; (2) an extension of an interest only period for a predetermined period of time; (3) an extension of the maturity date; or (4) an extension of the amortization period over which future payments will be computed. At the time a loan is restructured, the Bank performs a full re-underwriting analysis, which includes, at a minimum, obtaining current financial statements and tax returns, copies of all leases, and an updated independent appraisal of the property. A loan will continue to accrue interest if it can be reasonably determined that the borrower should be able to perform under the modified terms, that the loan has not been chronically delinquent (both to debt service and real estate taxes) or in nonaccrual status since its inception, and that there have been no charge-offs on the loan. Restructured loans with previous charge-offs would not accrue interest at the time of the TDR. At a minimum, six 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.

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2019
Deposits [Abstract]
DEPOSITS	4. DEPOSITS Certificates of deposit, excluding brokered certificates of deposit over $250,000, totaled $192.8 million and $160.3 million at September 30, 2019 and December 31, 2018, respectively. The following table sets forth the details of total deposits as of September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 (Dollars in thousands) Noninterest-bearing demand deposits $ 544,464 13.41 % $ 463,926 11.91 % Interest-bearing checking (1) 1,352,471 33.30 1,247,305 32.02 Savings 115,448 2.84 114,674 2.94 Money market 1,196,188 29.45 1,243,369 31.92 Certificates of deposit - retail 583,425 14.37 510,724 13.12 Certificates of deposit - listing service 55,664 1.37 79,195 2.03 Subtotal deposits 3,847,660 94.74 3,659,193 93.94 Interest-bearing demand - Brokered 180,000 4.43 180,000 4.62 Certificates of deposit - Brokered 33,696 0.83 56,147 1.44 Total deposits $ 4,061,356 100.00 % $ 3,895,340 100.00 % (1) Interest-bearing checking includes $448.9 million at September 30, 2019 and $434.5 million at December 31, 2018 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program. The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of September 30, 2019 are as follows: (In thousands) 2019 $ 122,857 2020 362,340 2021 85,520 2022 39,525 2023 11,426 Over 5 Years 51,117 Total $ 672,785

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	5. FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS Advances from the FHLB totaled $105.0 million with a weighted average interest rate of 3.20 percent and $108.0 million with a weighted average interest rate of 3.17 percent at September 30, 2019 and December 31, 2018, respectively. At September 30, 2019, advances totaling $105.0 million with a weighted average interest rate of 3.20 percent had fixed maturity dates. The fixed maturity date advances at December 31, 2018 totaled $108.0 million with a weighted average interest rate of 3.17 percent. The advances were secured by blanket pledges of certain 1-4 family residential mortgages totaling $351.6 million, multifamily mortgages totaling $726.2 million and securities totaling $102.9 million at September 30, 2019, while at December 31, 2018, the fixed rate advances were 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. The final maturity dates of the FHLB advances are scheduled as follows: (In thousands) 2021 $ 60,000 2022 20,000 2023 25,000 Total $ 105,000 Short-term borrowings consisted of overnight borrowings with the FHLB of $52.0 million with a rate of 2.10 percent and a one-month FHLB advance of $15.0 million with a rate of 2.25 percent. The one-month FHLB advance is part of an interest rate swap designated as a cash flow hedge. The cash flow hedge has a term of four years. There were no overnight borrowings with the FHLB as of December 31, 2018. At September 30, 2019, unused short-term overnight borrowing commitments totaled $1.3 billion from FHLB, $22.0 million from correspondent banks and $1.5 billion at the Federal Reserve Bank of New York.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
BUSINESS SEGMENTS	6. BUSINESS SEGMENTS The Corporation assesses its results among two operating segments, Banking and Peapack-Gladstone Bank’s Private Wealth Management Division. Management uses certain methodologies to allocate income and expense to the business segments. A funds transfer pricing methodology is used to assign interest income and interest expense. Certain indirect expenses are allocated to segments. These include support unit expenses such as technology and operations and other support functions. Taxes are allocated to each segment based on the effective rate for the period shown. Banking The Banking segment includes commercial (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. Peapack Private Wealth Management Division Peapack-Gladstone Bank’s Private Wealth Management Division, including PGB Trust & Investments of Delaware, MCM, Quadrant, Lassus Wherley and Point View, 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 tables present the statements of income and total assets for the Corporation’s reportable segments for the three and nine months ended September 30, 2019 and 2018. Three Months Ended September 30, 2019 Wealth Management (In thousands) Banking Division Total Net interest income $ 28,836 $ 1,249 $ 30,085 Noninterest income 4,561 9,855 14,416 Total income 33,397 11,104 44,501 Provision for loan and lease losses 800 — 800 Compensation and benefits 11,776 5,700 17,476 Premises and equipment expense 3,294 555 3,849 FDIC expense (277 ) — (277 ) Other noninterest expense 2,985 2,226 5,211 Total noninterest expense 18,578 8,481 27,059 Income before income tax expense 14,819 2,623 17,442 Income tax expense 4,399 817 5,216 Net income $ 10,420 $ 1,806 $ 12,226 Three Months Ended September 30, 2018 Wealth Management (In thousands) Banking Division Total Net interest income $ 27,032 $ 1,110 $ 28,142 Noninterest income 2,570 8,413 10,983 Total income 29,602 9,523 39,125 Provision for loan and lease losses 500 — 500 Compensation and benefits 11,257 4,768 16,025 Premises and equipment expense 2,967 432 3,399 FDIC Expense 593 — 593 Other noninterest expense 2,348 1,919 4,267 Total noninterest expense 17,665 7,119 24,784 Income before income tax expense 11,937 2,404 14,341 Income tax expense 3,002 615 3,617 Net income $ 8,935 $ 1,789 $ 10,724 Nine Months Ended September 30, 2019 Wealth Management (In thousands) Banking Division Total Net interest income $ 85,336 $ 4,024 $ 89,360 Noninterest income 9,991 29,180 39,171 Total income 95,327 33,204 128,531 Provision for loan and lease losses 2,050 — 2,050 Compensation and benefits 36,458 15,717 52,175 Premises and equipment expense 9,265 1,572 10,837 FDIC expense 277 — 277 Other noninterest expense 8,296 6,562 14,858 Total noninterest expense 56,346 23,851 80,197 Income before income tax expense 38,981 9,353 48,334 Income tax expense 10,592 2,541 13,133 Net income $ 28,389 $ 6,812 $ 35,201 Total assets at period end $ 4,840,002 $ 85,407 $ 4,925,409 Nine Months Ended September 30, 2018 Wealth Management (In thousands) Banking Division Total Net interest income $ 81,833 $ 3,945 $ 85,778 Noninterest income 7,550 25,388 32,938 Total income 89,383 29,333 118,716 Provision for loan and lease losses 2,050 — 2,050 Compensation and benefits 33,520 12,910 46,430 Premises and equipment expense 8,788 1,287 10,075 FDIC Expense 1,798 — 1,798 Other noninterest expense 8,300 5,959 14,259 Total noninterest expense 54,456 20,156 74,612 Income before income tax expense 34,927 9,177 44,104 Income tax expense 8,444 2,219 10,663 Net income $ 26,483 $ 6,958 $ 33,441 Total assets at period end $ 4,367,950 $ 67,759 $ 4,435,709

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE	7. FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate the fair value: Investment Securities: Loans Held for Sale, at Fair Value: Derivatives Impaired Loans: Other Real Estate Owned: Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by Management. Once received, a third party conducts a review of the appraisal for compliance with the Uniform Standards of Professional Appraisal Practice and appropriate analysis methods for the type of property. Subsequently, a member of the Credit Department reviews the assumptions and approaches utilized in the appraisal, as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Appraisals on collateral dependent impaired loans and other real estate owned (consistent for all loan types) are obtained on an annual basis, unless a significant change in the market or other factors warrants a more frequent appraisal. On an annual basis, Management compares the actual selling price of any collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value for other properties. The most recent analysis performed indicated that a discount up to 15 percent should be applied to appraisals on properties. The discount is determined based on the nature of the underlying properties, aging of appraisals and other factors. For each collateral-dependent impaired loan, we consider other factors, such as certain indices or other market information, as well as property specific circumstances to determine if an adjustment to the appraised value is needed. In situations where there is evidence of change in value, the Bank will determine if there is a need for an adjustment to the specific reserve on the collateral dependent impaired loans. When the Bank applies an interim adjustment, it generally shows the adjustment as an incremental specific reserve against the loan until it has received the full updated appraisal. All collateral-dependent impaired loans and other real estate owned valuations were supported by an appraisal less than 12 months old or in the process of obtaining an appraisal as of September 30, 2019. The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Corporation has elected the fair value option: Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Significant Markets For Other Significant Identical Observable Unobservable September 30, Assets Inputs Inputs (In thousands) 2019 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored agencies $ 35,047 $ — $ 35,047 $ — Mortgage-backed securities-residential 296,629 — 296,629 — SBA pool securities 3,057 — 3,057 — State and political subdivisions 12,196 — 12,196 — Corporate bond 3,060 — 3,060 — CRA investment fund 7,881 7,881 — — Loans held for sale, at fair value 1,756 — 1,756 — Derivatives: Cash flow hedges 56 — 56 — Loan level swaps 43,023 — 43,023 — Total $ 402,705 $ 7,881 $ 394,824 $ — Liabilities: Derivatives: Cash flow hedges $ 4,996 $ — $ 4,996 $ — Loan level swaps 43,023 — 43,023 — Total $ 48,019 $ — $ 48,019 $ — Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Significant Markets For Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs (In thousands) 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 $ — The Company has elected the fair value option for certain loans held for sale. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on loans held for investment. None of these loans are 90 days or more past due nor on nonaccrual as of September 30, 2019 and December 31, 2018. The following tables present residential loans held for sale, at fair value for the periods indicated: (In thousands) September 30, 2019 December 31, 2018 Residential loans contractual balance $ 1,730 $ 1,552 Fair value adjustment 26 24 Total fair value of residential loans held for sale $ 1,756 $ 1,576 There were no transfers between Level 1 and Level 2 during the three and nine months ended September 30, 2019. The following table summarizes, for the periods indicated, assets measured at fair value on a non-recurring basis: Fair Value Measurements Using Quoted Prices in Active Significant Markets For Other Significant Identical Observable Unobservable September 30, Assets Inputs Inputs (In thousands) 2019 (Level 1) (Level 2) (Level 3) Assets: Impaired loans: Investment commercial real estate $ 14,507 $ — $ — $ 14,507 There were no loans measured for impairment using the fair value of collateral as December 31, 2018. The carrying amounts and estimated fair values of financial instruments at September 30, 2019 are as follows: Fair Value Measurements at September 30, 2019 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 227,113 $ 227,113 $ — $ — $ 227,113 Securities available for sale 349,989 — 349,989 — 349,989 CRA investment fund 7,881 7,881 — — 7,881 FHLB and FRB stock 21,403 — — — N/A Loans held for sale, at fair value 1,756 — 1,756 — 1,756 Loans held for sale, at lower of cost or fair value 5,937 — 5,994 — 5,994 Loans, net of allowance for loan and lease losses 4,118,332 — — 4,235,028 4,235,028 Accrued interest receivable 11,759 — 1,580 10,179 11,759 Cash flow hedges 56 — 56 — 56 Loan level swaps 43,023 — 43,023 — 43,023 Financial liabilities Deposits $ 4,061,356 $ 3,388,571 $ 677,069 $ — $ 4,065,640 Short-term borrowings 67,000 — 67,000 — 67,000 Federal home loan bank advances 105,000 — 108,600 — 108,600 Subordinated debt 83,361 — — 83,568 83,568 Accrued interest payable 3,661 444 1,996 1,221 3,661 Cash flow hedges 4,996 — 4,996 — 4,996 Loan level swap 43,023 — 43,023 — 43,023 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 Carrying (In thousands) 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 and lease 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

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2019
Revenue From Contract With Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	8. REVENUE FROM CONTRACTS WITH CUSTOMERS All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized as noninterest income. The following table presents the sources of noninterest income for the periods indicated: For the Three Months Ended September 30, (In thousands) 2019 2018 Service charges on deposits Overdraft fees $ 176 $ 179 Interchange income 323 305 Other 383 376 Wealth management fees (a) 9,501 8,200 Other (b) 4,033 1,923 Total noninterest other income $ 14,416 $ 10,983 For the Nine Months Ended September 30, (In thousands) 2019 2018 Service charges on deposits Overdraft fees $ 500 $ 543 Interchange income 909 921 Other 1,186 1,100 Wealth management fees (a) 28,243 24,693 Other (a) 8,333 5,681 Total noninterest other income $ 39,171 $ 32,938 (a) Includes investment brokerage fees. (b) 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 periods indicated: For the Three Months Ended September 30, For the Three Months Ended September 30, 2019 2018 (In thousands) Wealth Wealth Revenue by Operating Segment Banking Management Total Banking Management Total Service charges on deposits Overdraft fees $ 176 $ — $ 176 $ 179 $ — $ 179 Interchange income 323 — 323 305 — 305 Other 383 — 383 376 — 376 Wealth management fees (a) — 9,501 9,501 — 8,200 8,200 Other (b) 3,679 354 4,033 1,710 213 1,923 Total noninterest income $ 4,561 $ 9,855 $ 14,416 $ 2,570 $ 8,413 $ 10,983 For the Nine Months Ended September 30, For the Nine Months Ended September 30, (In thousands) 2019 2018 Revenue by Operating Wealth Wealth Segment Banking Management Total Banking Management Total Service charges on deposits Overdraft fees $ 500 $ — $ 500 $ 543 $ — $ 543 Interchange income 909 — 909 921 — 921 Other 1,186 — 1,186 1,100 — 1,100 Wealth management fees (a) — 28,243 28,243 — 24,693 24,693 Other (a) 7,396 937 8,333 4,986 695 5,681 Total noninterest income $ 9,991 $ 29,180 $ 39,171 $ 7,550 $ 25,388 $ 32,938 (a) Includes investment brokerage fees. (b) 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	9 Months Ended
	Sep. 30, 2019
Other Income And Expenses [Abstract]
OTHER OPERATING EXPENSES	9. OTHER OPERATING EXPENSES The following table presents the major components of other operating expenses for the periods indicated: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2019 2018 2019 2018 Professional and legal fees 1,228 1,195 3,320 3,487 Telephone 346 275 1,003 830 Advertising 337 248 1,105 973 Amortization of intangible assets 229 180 688 540 Provision for ORE — 28 — 232 Other operating expenses 3,071 2,341 8,742 8,197 Total other operating expenses $ 5,211 $ 4,267 $ 14,858 $ 14,259

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME	9 Months Ended
	Sep. 30, 2019
Stockholders Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME	10. ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the three months ended September 30, 2019 and 2018: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2019 Reclassifications Income/(Loss) 2019 2019 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ 898 $ 583 — $ 583 $ 1,481 Gain/(loss) on cash flow hedges (2,502 ) (752 ) (56 ) (808 ) (3,310 ) Accumulated other comprehensive loss, net of tax $ (1,604 ) $ (169 ) $ (56 ) $ (225 ) $ (1,829 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2018 Reclassifications Income/(Loss) 2018 2018 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ (4,839 ) $ (1,191 ) $ 218 $ (973 ) $ (5,812 ) Gain/(loss) on cash flow hedges 2,085 534 (20 ) 514 2,599 Accumulated other comprehensive loss, net of tax $ (2,754 ) $ (657 ) $ 198 $ (459 ) $ (3,213 ) The following represents the reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2019 and 2018: Three Months Ended September 30, (In thousands) 2019 2018 Affected Line Item in Income Statement Unrealized gains on securities available for sale: Reclassification adjustment for amounts included in net income $ — $ 288 Securities losses, net Income tax expense — (70 ) Income tax expense Total reclassifications, net of tax $ — $ 218 Unrealized gains on cash flow hedge derivatives: Reclassification adjustment for amounts included in net income $ (80 ) $ (31 ) Interest expense Income tax expense 24 11 Income tax expense Total reclassifications, net of tax $ (56 ) $ (20 ) The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the nine months ended September 30, 2019 and 2018: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Nine Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2019 Reclassifications Income/(Loss) 2019 2019 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ (3,006 ) $ 4,487 $ — $ 4,487 $ 1,481 Gain/(loss) on cash flow hedges 661 (3,872 ) (99 ) (3,971 ) (3,310 ) Accumulated other comprehensive loss, net of tax $ (2,345 ) $ 615 $ (99 ) $ 516 $ (1,829 ) Amount Other Reclassified Comprehensive Cumulative Other From Income/(Loss) Adjustment Comprehensive Accumulated Nine Months Balance at For Equity Income/(Loss) Other Ended Balance at January 1, Security Before Comprehensive September 30, September 30, (In thousands) 2018 (ASU 2016-1) Reclassifications Income/(Loss) 2018 2018 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ (2,214 ) $ 127 $ (3,943 ) $ 218 $ (3,725 ) $ (5,812 ) Gain/(loss) on cash flow hedges 1,002 — 1,661 (64 ) 1,597 2,599 Accumulated other comprehensive loss, net of tax $ (1,212 ) $ 127 $ (2,282 ) $ 154 $ (2,128 ) $ (3,213 ) The following represents the reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2019 and 2018: Nine Months Ended September 30, (In thousands) 2019 2018 Affected Line Item in Income Unrealized gains on securities available for sale: Reclassification adjustment for amounts included in net income $ — $ 288 Securities losses, net Income tax expense — (70 ) Income tax expense Total reclassifications, net of tax $ — $ 218 Unrealized gains on cash flow hedge derivatives: Reclassification adjustment for amounts included in net income $ (142 ) $ (93 ) Interest expense Income tax expense 43 29 Income tax expense Total reclassifications, net of tax $ (99 ) $ (64 )

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
DERIVATIVES	11. DERIVATIVES The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements. Interest Rate Swaps Designated as Cash Flow Hedges: The following table presents information about the interest rate swaps designated as cash flow hedges as of September 30, 2019 and December 31, 2018: (Dollars in thousands) September 30, 2019 December 31, 2018 Notional amount $ 245,000 $ 230,000 Weighted average pay rate 2.00 % 2.04 % Weighted average receive rate 2.25 % 2.33 % Weighted average maturity 2.71 years 2.65 years Unrealized (loss)/gain, net $ (4,940 ) $ 808 Number of contracts 12 11 Net interest income recorded on these swap transactions totaled $289 thousand and $915 thousand for the three and nine months ended September 30, 2019, respectively, and is reported as a component of interest expense. Net interest income recorded on these swap transactions totaled $124 thousand and $137 thousand for the three and nine months ended September 30, 2018, respectively, and is reported as a component of interest expense. Cash Flow Hedges The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three and nine months ended September 30, 2019 and September 30, 2018: For the Three Months Ended September 30, (In thousands) 2019 2018 Interest rate contracts Amount of (loss)/gain recognized in OCI $ (808 ) $ 514 Amount of gain reclassified from OCI to interest expense 56 20 For the Nine Months Ended September 30, (In thousands) 2019 2018 Interest rate contracts Amount of (loss)/gain recognized in OCI (effective portion) $ (3,971 ) $ 1,597 Amount of gain reclassified from OCI to interest expense 99 64 During the first quarter of 2018, t September 30, 2019 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing deposits $ 245,000 $ (4,940 ) Total included in other assets 55,000 56 Total included in other liabilities 190,000 (4,996 ) December 31, 2018 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing deposits $ 230,000 $ 808 Total included in other assets 130,000 1,657 Total included in other liabilities 100,000 (849 ) Derivatives Not Designated as Accounting Hedges: Information about these swaps is as follows: (Dollars in thousands) September 30, 2019 December 31, 2018 Notional amount $ 668,849 $ 558,690 Fair value $ 43,023 $ 9,689 Weighted average pay rates 4.23 % 4.44 % Weighted average receive rates 3.80 % 4.24 % Weighted average maturity 7.3 years 7.1 years Number of contracts 80 67

SUBORDINATED DEBT

SUBORDINATED DEBT	9 Months Ended
	Sep. 30, 2019
Subordinated Longterm Debt Current And Noncurrent [Abstract]
SUBORDINATED DEBT	12. 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 costs 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 an assigned investment grade rating of BBB- for the Company’s subordinated debt.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	13. LEASES Leases (Topic 842) Targeted Improvements Leases The Company maintains certain property and equipment under direct financing and operating leases. Upon adoption of the new lease guidance, on January 1, 2019, the Company recorded a ROU asset and corresponding lease liability of $7.9 million and $8.2 million, respectively, on the consolidated statement of condition. As of September 30, 2019, the Company's operating lease ROU asset and operating lease liability totaled $10.3 million and $10.6 million, respectively. A weighted average discount rate of 3.36% was used in the measurement of the ROU asset and lease liability as of September 30, 2019. The Company's leases have remaining lease terms between three months to 18 years, with a weighted average lease term of 5.92 years at September 30, 2019. The Company’s lease agreements may include options to extend or terminate the lease. The Company’s decision to exercise renewal options is based on an assessment of its current business needs and market factors at the time of the renewal. Total operating lease costs were $756 thousand and $2.1 million for the three and nine months ended September 30, 2019, respectively. The variable lease costs were $83 thousand and $238 thousand for the three and nine months ended September 30, 2019, respectively. The following is a schedule of the Company's operating lease liabilities by contractual maturity as of September 30, 2019: (In thousands) 2019 $ 2,796 2020 2,424 2021 1,613 2022 1,362 2023 919 Thereafter 1,915 Total lease payments 11,029 Less: imputed interest 410 Total present value of lease payments $ 10,619 The following table shows the supplemental cash flow information related to the Company’s direct finance and operating leases for the nine months ended September 30, 2019: (In thousands) Right-of-use asset obtained in exchange for lease obligation Operating cash flows from operating leases $ 1,844 Operating cash flows from direct finance leases $ 290 Financing cash flows from direct finance leases $ 561

ACCOUNTING PRONOUNCEMENTS

ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2019
Accounting Changes And Error Corrections [Abstract]
ACCOUNTING PRONOUNCEMENTS	14. ACCOUNTING PRONOUNCEMENTS 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 $661 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 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). ASU 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. The impact to the Company’s ALL has not yet been calculated. 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 has formed a CECL committee comprised of finance, accounting, and credit members. The Company has evaluated and selected a third-party firm to assist in the development of a CECL program, selected portfolio segmentations, loss methodologies and the probability of default/loss given default 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 continues to work towards implementing the accounting, reporting and governance processes required under the new standard and expect to complete the model implementation and validation by the end of the fourth quarter of 2019. The Company expects to recognize a one-time cumulative-effect adjustment to our allowance for loan and lease losses through retained earnings as of the beginning of the first reporting period in which the new standard is effective. 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. 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 amendments in this ASU did not have a material impact on the Company’s consolidated financial statements. 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

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
ACQUISITIONS	15. ACQUISITIONS Effective September 1, 2019, the Company closed the previously announced acquisition of Point View. The acquisition is consistent with the Company’s strategy to grow its wealth management business both organically and through strategic acquisitions. The purchase price included equity of $5.6 million as well as cash. The Company is still in the process of evaluating the final purchase accounting allocation. Any adjustment resulting from the evaluation is not expected to be material. In accordance with FASB ASC 805-10 (Subtopic 25-15), the Company has up to one year from date of acquisition to complete this assessment. This acquisition contributed to the increase in the Company’s goodwill during the quarter ended September 30, 2019.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2019
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 (“PCC”), Murphy Capital Management (“MCM”), Quadrant Capital Management (“Quadrant”), Lassus Wherley & Associates (“Lassus Wherley”) (acquired in the third quarter of 2018), Point View Wealth Management (“Point View”) (acquired in the third quarter of 2019), 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 and their subsidiaries, 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.
Basis of Financial Statement 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 Peapack 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 services. 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, tax preparation and advisory services. This segment also includes the activity from the Delaware subsidiary, PGB Trust and Investments of Delaware, MCM, Quadrant, Lassus Wherley, and Point View. Wealth management fees are primarily earned based upon assets under management and/or administration (“AUM”) and are generally assessed on a monthly or quarterly basis on a tiered fee schedule based on the market value of AUM at the end of the period.
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 short-term borrowings with original maturities of 90 days or less.
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. Both cash and stock dividends are reported as income. The Bank is also a member of the Federal Reserve Bank System and required to own a certain amount of FRB stock. FRB stock is carried at cost and classified as a restricted security. Both cash and stock dividends are reported as income.
Loans Held for Sale	Loans Held for Sale: Mortgage loans 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 income statement, are based on the difference between the selling price and the carrying value of the related loan sold. U.S. Small Business Administration (SBA) loans originated with the intent to sell the guaranteed portion in the secondary market are carried at the lower of cost or fair value. SBA loans are generally sold with the servicing rights retained. Total SBA loans serviced totaled $45.6 million and $35.1 million as of September 30, 2019 and December 31, 2018, respectively. SBA loans held for sale totaled $943 thousand and $1.2 million at September 30, 2019 and December 31, 2018, respectively. 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/cost were 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 unless the asset is both well secured and in the process of collection. 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 may be returned to accrual status. Nonaccrual mortgage loans are generally charged off to the extent that 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 and Lease Losses	Allowance for Loan and Lease Losses: The allowance for loan and lease losses is a valuation allowance for credit losses that is Management’s estimate of probable 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 Company’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 September 30, 2019 and December 31, 2018, 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
Leases	Leases: At inception, contracts are evaluated to determine whether the contract constitutes a lease agreement. For contracts that are determined to be an operating lease, a corresponding right-of-use (“ROU”) asset and operating lease liability are recorded in separate line items on the statement of condition. A ROU asset represents the Company’s right to use an underlying asset during the lease term and a lease liability represents the Company’s commitment to make contractually obligated lease payments. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The measurement of the operating lease ROU asset includes any lease payments made. If the rate implicit in the lease is not readily determinable, the incremental collateralized borrowing rate is used to determine the present value of lease payments. This rate gives consideration to the applicable FHLB collateralized borrowing rates and is based on the information available at the commencement date. The Company has elected to apply the short-term lease measurement and recognition exemption to leases with an initial term of 12 months or less; therefore, these leases are not recorded on the Company’s statement of condition, but rather, lease expense is recognized over the lease term on a straight-line basis. The Company’s lease agreements may include options to extend or terminate the lease. The Company’s decision to exercise renewal options is based on an assessment of its current business needs and market factors at the time of the renewal. The Company maintains certain property and equipment under direct financing and operating leases. Substantially all of the leases in which the Company is the lessee are comprised of real estate property for branches and office space and are classified as operating leases. The Company has two existing finance leases (previously classified as a capital lease and included in premises and equipment on our statement of condition at December 31, 2018) for the Company’s administration building and one branch location. Topic 842 did not materially impact the accounting for these capital leases. The ROU asset is measured at the amount of the lease liability adjusted for lease incentives received, any cumulative prepaid or accrued rent if the lease payments are uneven throughout the lease term, any unamortized initial direct costs, and any impairment of the ROU asset. Operating lease expense consists of: a single lease cost allocated over the remaining lease term on a straight-line basis, variable lease payments not included in the lease liability, and any impairment of the right-of-use-asset. There are no terms or conditions related to residual value guarantees and no restrictions or covenants that would impact the Company’s ability to pay dividends or to incur additional financial obligations.
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 cash flow 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. When hedge accounting is discontinued on a fair value hedge that no longer qualifies as an effective hedge, the derivative continues to be reported at fair value in the statement of condition, but the carrying amount of the hedged item is no longer adjusted for future changes in fair value. The adjustment to the carrying amount of the hedged item that existed at the date hedge accounting is discontinued is amortized over the remaining life of the hedged item into earnings. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminated, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Stock-Based Compensation	Stock-Based Compensation: 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. The options granted under these plans are, in general, exercisable not earlier than one year after the date of grant, 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. 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 ASU 2016-09, “Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting,” the Company has elected to account for forfeitures as they occur, rather than estimate expected forfeitures. For the Company’s stock option plans, changes in options outstanding during the nine months ended September 30, 2019 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2019 91,310 $ 13.63 Exercised during 2019 (1,660 ) 14.26 Expired during 2019 (930 ) 20.73 Forfeited during 2019 (20,000 ) 13.07 Balance, September 30, 2019 68,720 $ 13.68 2.08 years $ 986 Vested and expected to vest 68,720 $ 13.68 2.08 years $ 986 Exercisable at September 30, 2019 68,720 $ 13.68 2.08 years $ 986 The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the third quarter of 2019 and the exercise price, multiplied by the number of in-the-money options). The Company’s closing stock price on September 30, 2019 was $28.03. There were no stock options granted during the three or nine months ended September 30, 2019. The Company has previously granted performance-based and service-based restricted stock awards/units. Service-based awards/units vest ratably over a three or five-year period. There were no service-based restricted stock units granted during the third quarter of 2019. The performance-based awards are dependent upon the Company meeting certain performance criteria and, to the extent the performance criteria are met, will cliff vest at the end of the performance period which is generally three years. There were no performance-based restricted stock units granted in the third quarter of 2019. Changes in non-vested shares dependent on performance criteria for the nine months ended September 30, 2019 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2019 42,998 $ 35.33 Granted during 2019 47,770 26.34 Balance, September 30, 2019 90,768 $ 30.60 Changes in service-based restricted stock awards/units for the nine months ended September 30, 2019 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2019 366,541 $ 30.64 Granted during 2019 223,396 26.51 Vested during 2019 (140,178 ) 27.44 Forfeited during 2019 (4,146 ) 31.53 Balance, September 30, 2019 445,613 $ 29.57 As of September 30, 2019, there was $29 thousand of total unrecognized compensation cost related to service-based awards. That cost is expected to be recognized over a weighted average period of 0.21 years. As of September 30, 2019, there was $11.2 million of total unrecognized compensation cost related to service-based and performance-based units. That cost is expected to be recognized over a weighted average period of 1.21 years. Stock compensation expense recorded for the third quarters of 2019 and 2018 totaled $1.5 million and $1.1 million, respectively. Stock compensation expense recorded for the nine months ended September 30, 2019 and 2018 totaled $4.4 million and $3.5 million, respectively.
Employee Stock Purchase Plan	Employee Stock Purchase Plan (“ESPP”): In 2014, the shareholders of the Company approved the ESPP. The ESPP provides for the granting of rights to purchase up to 150,000 shares of Corporation common stock. Subject to certain eligibility requirements and restrictions, the ESPP originally allowed employees to purchase shares during four three-month offering periods (“Offering Period”). An amendment to the ESPP plan has changed the Offering Period to one twelve-month period to commence in the third quarter of 2019 with the next purchase occurring in May 2020. Each participant in the Offering Period is granted an option to purchase a number of shares and may contribute between 1% and 15% of their compensation. At the end of the 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% of the closing market price of a share of Company common stock on the purchase date. Participation in the ESPP is entirely voluntary and employees can cancel their purchases at any time during the Offering Period without penalty. The fair value of each purchase right is determined using the Black-Scholes option pricing model. The Company recorded $41 thousand and $31 thousand of expense in salaries and employee benefits expense for the three months ended September 30, 2019 and 2018, respectively, related to the ESPP. Total shares issued under the ESPP during the third quarter of 2018 was The Company recorded $117 thousand and $143 thousand of expense in salaries and employee benefits expense for the nine months ended September 30, 2019 and 2018, respectively, related to the ESPP. Total shares issued under the ESPP for the nine months ended September 30, 2019 and 2018 were 18,740 and 22,194, respectively.
Earnings per share - Basic and Diluted	Earnings per share – Basic and Diluted: The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all restricted stock, stock warrants or restricted stock units were to vest during the reporting period. Three Months Ended Nine Months Ended September 30, September 30, (Dollars in thousands, except per share data) 2019 2018 2019 2018 Net income available to common shareholders $ 12,226 $ 10,724 $ 35,201 $ 33,441 Basic weighted-average shares outstanding 19,314,666 19,053,849 19,370,627 18,865,982 Plus: common stock equivalents 170,239 186,249 126,094 201,004 Diluted weighted-average shares outstanding 19,484,905 19,240,098 19,496,721 19,066,986 Net income per share Basic $ 0.63 $ 0.56 $ 1.82 $ 1.77 Diluted 0.63 0.56 1.81 1.75 For the three and nine months ended September 30, 2019, stock options and restricted stock units totaling 27,497 and 277,677 were not included in the computation of diluted earnings per share because they were antidilutive. For the nine months ended September 30, 2018, stock options and restricted stock units totaling 219,733 were not included in the computation of diluted earnings per share because they were antidilutive. There were no antidilutive options for the three months ended September 30, 2018.
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 2015 or by New Jersey tax authorities for years prior to 2014. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
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: A large portion of cash on hand or on deposit with the Federal Reserve Bank 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.
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 exist that indicate that a goodwill impairment test should be performed. The Company has selected September 30 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 assets with an indefinite life on our balance sheet. Other intangible assets, which primarily consist of customer relationship intangible assets arising from acquisition, are amortized on an accelerated basis over their estimated useful lives, which range from 5 to 15 years.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of stock option plans, changes in options outstanding	For the Company’s stock option plans, changes in options outstanding during the nine months ended September 30, 2019 were as follows: Weighted Weighted Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (In thousands) Balance, January 1, 2019 91,310 $ 13.63 Exercised during 2019 (1,660 ) 14.26 Expired during 2019 (930 ) 20.73 Forfeited during 2019 (20,000 ) 13.07 Balance, September 30, 2019 68,720 $ 13.68 2.08 years $ 986 Vested and expected to vest 68,720 $ 13.68 2.08 years $ 986 Exercisable at September 30, 2019 68,720 $ 13.68 2.08 years $ 986
Schedule of changes in nonvested performance-based shares	Changes in non-vested shares dependent on performance criteria for the nine months ended September 30, 2019 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2019 42,998 $ 35.33 Granted during 2019 47,770 26.34 Balance, September 30, 2019 90,768 $ 30.60
Schedule of changes in nonvested shares	Changes in service-based restricted stock awards/units for the nine months ended September 30, 2019 were as follows: Weighted Average Number of Grant Date Shares Fair Value Balance, January 1, 2019 366,541 $ 30.64 Granted during 2019 223,396 26.51 Vested during 2019 (140,178 ) 27.44 Forfeited during 2019 (4,146 ) 31.53 Balance, September 30, 2019 445,613 $ 29.57
Schedule of calculation of basic and diluted earnings per share	The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all restricted stock, stock warrants or restricted stock units were to vest during the reporting period. Three Months Ended Nine Months Ended September 30, September 30, (Dollars in thousands, except per share data) 2019 2018 2019 2018 Net income available to common shareholders $ 12,226 $ 10,724 $ 35,201 $ 33,441 Basic weighted-average shares outstanding 19,314,666 19,053,849 19,370,627 18,865,982 Plus: common stock equivalents 170,239 186,249 126,094 201,004 Diluted weighted-average shares outstanding 19,484,905 19,240,098 19,496,721 19,066,986 Net income per share Basic $ 0.63 $ 0.56 $ 1.82 $ 1.77 Diluted 0.63 0.56 1.81 1.75

INVESTMENT SECURITIES AVAILAB_2

INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2019
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 September 30, 2019 and December 31, 2018 follows: September 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value U.S. government-sponsored agencies $ 34,986 $ 78 $ (17 ) $ 35,047 Mortgage-backed securities –residential 294,800 2,599 (770 ) 296,629 SBA pool securities 3,071 — (14 ) 3,057 State and political subdivisions 12,178 31 (13 ) 12,196 Corporate bond 3,000 60 — 3,060 Total $ 348,035 $ 2,768 $ (814 ) $ 349,989 December 31, 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
Schedule of Continuous Unrealized Loss Position and the Approximate Fair Value of these Investments	The following tables present the Company’s available for sale securities in a continuous unrealized loss position and the approximate fair value of these investments as of September 30, 2019 and December 31, 2018. September 30, 2019 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 $ 9,981 $ (17 ) $ — $ — $ 9,981 $ (17 ) Mortgage-backed securities-residential 34,091 (79 ) 76,218 (691 ) 110,309 (770 ) SBA pool securities — — 3,057 (14 ) 3,057 (14 ) State and political subdivisions 5,117 (13 ) — — 5,117 (13 ) Total $ 49,189 $ (109 ) $ 79,275 $ (705 ) $ 128,464 $ (814 ) December 31, 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 )

LOANS AND LEASES (Tables)

LOANS AND LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of composition of loans categorized by the type of loan	Loans outstanding, excluding those held for sale, by general ledger classification, as of September 30, 2019 and December 31, 2018, consisted of the following: % of % of September 30, Totals December 31, Total (Dollars in thousands) 2019 Loans 2018 Loans Residential mortgage $ 559,787 13.46 % $ 571,570 14.55 % Multifamily mortgage 1,197,093 28.78 1,135,805 28.92 Commercial mortgage 721,261 17.34 702,165 17.88 Commercial loans (including equipment financing) 1,564,784 37.62 1,397,057 35.57 Commercial construction 4,355 0.10 — — Home equity lines of credit 58,423 1.40 62,191 1.58 Consumer loans, including fixed rate home equity loans 53,829 1.29 58,678 1.49 Other loans 380 0.01 465 0.01 Total loans $ 4,159,912 100.00 % $ 3,927,931 100.00 % In determining an appropriate amount for the allowance, the Bank segments and evaluates the loan portfolio based on federal Call Report codes. The following portfolio classes have been identified as of September 30, 2019 and December 31, 2018: % of % of September 30, Totals December 31, Total (Dollars in thousands) 2019 Loans 2018 Loans Primary residential mortgage $ 586,404 14.11 % $ 600,891 15.31 % Home equity lines of credit 58,425 1.41 62,191 1.58 Junior lien loan on residence 7,063 0.17 7,418 0.19 Multifamily property 1,197,093 28.80 1,135,805 28.94 Owner-occupied commercial real estate 258,563 6.22 261,193 6.65 Investment commercial real estate 1,044,730 25.14 1,001,918 25.53 Commercial and industrial 704,726 16.96 616,838 15.72 Lease financing 233,918 5.63 172,643 4.40 Farmland/agricultural production 3,059 0.07 149 0.01 Commercial construction loans 4,579 0.11 86 0.01 Consumer and other loans 57,271 1.38 65,180 1.66 Total loans $ 4,155,831 100.00 % $ 3,924,312 100.00 % Net deferred costs 4,081 3,619 Total loans including net deferred costs $ 4,159,912 $ 3,927,931
Schedule of loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses	The following tables present the loan balances by portfolio class, based on impairment method, and the corresponding balances in the allowance for loan and lease losses (ALLL) as of September 30, 2019 and December 31, 2018: September 30, 2019 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 $ 7,238 $ 237 $ 579,166 $ 2,252 $ 586,404 $ 2,489 Home equity lines of credit 3 — 58,422 145 58,425 145 Junior lien loan on residence 24 — 7,039 15 7,063 15 Multifamily property — — 1,197,093 6,235 1,197,093 6,235 Owner-occupied commercial real estate 395 — 258,168 2,272 258,563 2,272 Investment commercial real estate 22,676 1,000 1,022,054 14,745 1,044,730 15,745 Commercial and industrial 6,291 1,500 698,435 10,405 704,726 11,905 Lease financing — — 233,918 2,396 233,918 2,396 Farmland/agricultural production — — 3,059 39 3,059 39 Commercial construction loans — — 4,579 24 4,579 24 Consumer and other loans — — 57,271 315 57,271 315 Total ALLL $ 36,627 $ 2,737 $ 4,119,204 $ 38,843 $ 4,155,831 $ 41,580 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 Farmland/agricultural production — — 149 2 149 2 Commercial construction loans — — 86 1 86 1 Consumer and other loans — — 65,180 384 65,180 384 Total ALLL $ 31,300 $ 262 $ 3,893,012 $ 38,242 $ 3,924,312 $ 38,504
Schedule of loans individually evaluated for impairment	The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2019 and December 31, 2018 (The average impaired loans on the following tables represent year to date impaired loans.): September 30, 2019 Unpaid Average Principal Recorded Specific Impaired (In thousands) Balance Investment Reserves Loans With no related allowance recorded: Primary residential mortgage $ 7,456 $ 6,255 $ — $ 7,528 Owner-occupied commercial real estate 461 395 — 1,337 Investment commercial real estate 9,694 8,169 — 16,103 Home equity lines of credit 5 3 — 101 Junior lien loan on residence 95 24 — 32 Total loans with no related allowance $ 17,711 $ 14,846 $ — $ 25,101 With related allowance recorded: Primary residential mortgage $ 983 $ 983 $ 237 $ 1,074 Investment commercial real estate 15,064 14,507 1,000 1,612 Commercial and industrial 6,397 6,291 1,500 2,856 Total loans with related allowance $ 22,444 $ 21,781 $ 2,737 $ 5,542 Total loans individually evaluated for Impairment $ 40,155 $ 36,627 $ 2,737 $ 30,643 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 property 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
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual	The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of September 30, 2019 and December 31, 2018: September 30, 2019 Loans Past Due Over 90 Days And Still (In thousands) Nonaccrual Accruing Interest Primary residential mortgage $ 4,710 $ — Home equity lines of credit 3 — Junior lien loan on residence 24 — Owner-occupied commercial real estate 395 — Investment commercial real estate 17,960 — Commercial and industrial 6,291 — Total $ 29,383 $ — 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 $ —
Schedule of aging of past due loans	The following tables present the aging of the recorded investment in past due loans as of September 30, 2019 and December 31, 2018 by class of loans, excluding nonaccrual loans: September 30, 2019 30-59 60-89 Greater Than Days Days 90 Days Total (In thousands) Past Due Past Due Past Due Past Due Primary residential mortgage $ 1,335 $ — $ — $ 1,335 Home equity lines of credit 258 — $ — $ 258 Owner-occupied commercial real estate 4,313 — — 4,313 Commercial and industrial 342 85 — 427 Total $ 6,248 $ 85 $ — $ 6,333 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 loans 2 — — 2 Total $ 608 $ 491 $ — $ 1,099
Schedule of the risk category of loans by class of loans	As of September 30, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 578,247 $ 861 $ 7,296 $ — Home equity lines of credit 58,422 — 3 — Junior lien loan on residence 7,039 — 24 — Multifamily property 1,196,366 — 727 — Owner-occupied commercial real estate 253,475 — 5,088 — Investment commercial real estate 998,506 12,740 33,484 — Commercial and industrial 689,281 8,185 7,260 — Lease financing 233,918 — — — Farmland/agricultural production 3,059 — — — Commercial construction loans 4,495 84 — — Consumer and other loans 57,271 — — — Total $ 4,080,079 $ 21,870 $ 53,882 $ — As of December 31, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special (In thousands) Pass Mention Substandard Doubtful Primary residential mortgage $ 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 — — — Farmland/agricultural production 149 — — — Commercial construction loans — 86 — — Consumer and other loans 64,946 — 234 — Total $ 3,840,333 $ 25,714 $ 58,265 $ —
Schedule of Activity in Allowance for Loan and Lease Losses	The activity in the allowance for loan and lease losses for the three months ended September 30, 2019 is summarized below: July 1, September 30, 2019 2019 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,057 $ — $ — $ (568 ) $ 2,489 Home equity lines of credit 155 — 3 (13 ) 145 Junior lien loan on residence 15 — — — 15 Multifamily property 5,744 — — 491 6,235 Owner-occupied commercial real estate 2,497 — 996 (1,221 ) 2,272 Investment commercial real estate 14,650 — — 1,095 15,745 Commercial and industrial 11,463 — 4 438 11,905 Lease financing 1,888 — — 508 2,396 Farmland/agricultural production 2 — — 37 39 Commercial construction loans 1 — — 23 24 Consumer and other loans 319 (15 ) 1 10 315 Total ALLL $ 39,791 $ (15 ) $ 1,004 $ 800 $ 41,580 The activity in the allowance for loan and lease losses for the three months ended September 30, 2018 is summarized below: July 1, September 30, 2018 2018 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,382 $ (10 ) $ — $ (240 ) $ 4,132 Home equity lines of credit 190 — 3 4 197 Junior lien loan on residence 17 — 6 (7 ) 16 Multifamily property 8,259 — — (604 ) 7,655 Owner-occupied commercial real estate 2,525 — — (138 ) 2,387 Investment commercial real estate 13,659 (1,335 ) 4 463 12,791 Commercial and industrial 7,356 — 85 744 8,185 Lease financing 1,311 — — 238 1,549 Farmland/agricultural production 2 — — — 2 Commercial construction loans 1 — — — 1 Consumer and other loans 364 (27 ) 1 40 378 Total ALLL $ 38,066 $ (1,372 ) $ 99 $ 500 $ 37,293 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2019 is summarized below: January 1, September 30, 2019 2019 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 3,506 $ (80 ) $ 51 $ (988 ) $ 2,489 Home equity lines of credit 164 — 8 (27 ) 145 Junior lien loan on residence 15 — 11 (11 ) 15 Multifamily property 5,959 — — 276 6,235 Owner-occupied commercial real estate 2,614 — 1,060 (1,402 ) 2,272 Investment commercial real estate 14,248 — — 1,497 15,745 Commercial and industrial 9,839 — 13 2,053 11,905 Lease financing 1,772 — — 624 2,396 Farmland/agricultural production 2 — — 37 39 Commercial construction loans 1 — — 23 24 Consumer and other loans 384 (40 ) 3 (32 ) 315 Total ALLL $ 38,504 $ (120 ) $ 1,146 $ 2,050 $ 41,580 The activity in the allowance for loan and lease losses for the nine months ended September 30, 2018 is summarized below: January 1, September 30, 2018 2018 Beginning Provision Ending (In thousands) ALLL Charge-offs Recoveries (Credit) ALLL Primary residential mortgage $ 4,085 $ (87 ) $ 139 $ (5 ) $ 4,132 Home equity lines of credit 221 — 7 (31 ) 197 Junior lien loan on residence 12 — 61 (57 ) 16 Multifamily property 10,007 — — (2,352 ) 7,655 Owner-occupied commercial real estate 2,385 (64 ) 66 — 2,387 Investment commercial real estate 11,933 (1,335 ) 4 2,189 12,791 Commercial and industrial 6,563 (46 ) 107 1,561 8,185 Lease financing 884 — — 665 1,549 Farmland/agricultural production — — — 2 2 Commercial construction loans 1 — — — 1 Consumer and other loans 349 (52 ) 3 78 378 Total ALLL $ 36,440 $ (1,584 ) $ 387 $ 2,050 $ 37,293
Schedule of loans modified as troubled debt restructurings	The following table presents loans by class modified as TDRs during both the three and nine-month periods ended September 30, 2019: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 341 $ 341 Total 1 $ 341 $ 341 The following table presents loans by class modified as TDRs during the three-month period ended September 30, 2018: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 766 $ 766 Total 1 $ 766 $ 766 The following table presents loans by class modified as TDRs during the nine-month period ended September 30, 2018: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded (Dollars in thousands) Contracts Investment Investment Primary residential mortgage 1 $ 766 $ 766 Investment commercial real estate 1 15,351 15,351 Total 2 $ 16,117 $ 16,117

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2019
Deposits [Abstract]
Schedule of deposit liabilities	The following table sets forth the details of total deposits as of September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 (Dollars in thousands) Noninterest-bearing demand deposits $ 544,464 13.41 % $ 463,926 11.91 % Interest-bearing checking (1) 1,352,471 33.30 1,247,305 32.02 Savings 115,448 2.84 114,674 2.94 Money market 1,196,188 29.45 1,243,369 31.92 Certificates of deposit - retail 583,425 14.37 510,724 13.12 Certificates of deposit - listing service 55,664 1.37 79,195 2.03 Subtotal deposits 3,847,660 94.74 3,659,193 93.94 Interest-bearing demand - Brokered 180,000 4.43 180,000 4.62 Certificates of deposit - Brokered 33,696 0.83 56,147 1.44 Total deposits $ 4,061,356 100.00 % $ 3,895,340 100.00 % (1) Interest-bearing checking includes $448.9 million at September 30, 2019 and $434.5 million at December 31, 2018 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.
Schedule of maturities of time deposits	The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of September 30, 2019 are as follows: (In thousands) 2019 $ 122,857 2020 362,340 2021 85,520 2022 39,525 2023 11,426 Over 5 Years 51,117 Total $ 672,785

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of maturity dates of the advances and other borrowings	The final maturity dates of the FHLB advances are scheduled as follows: (In thousands) 2021 $ 60,000 2022 20,000 2023 25,000 Total $ 105,000

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Income and Total Assets for Reportable Segments	The following tables present the statements of income and total assets for the Corporation’s reportable segments for the three and nine months ended September 30, 2019 and 2018. Three Months Ended September 30, 2019 Wealth Management (In thousands) Banking Division Total Net interest income $ 28,836 $ 1,249 $ 30,085 Noninterest income 4,561 9,855 14,416 Total income 33,397 11,104 44,501 Provision for loan and lease losses 800 — 800 Compensation and benefits 11,776 5,700 17,476 Premises and equipment expense 3,294 555 3,849 FDIC expense (277 ) — (277 ) Other noninterest expense 2,985 2,226 5,211 Total noninterest expense 18,578 8,481 27,059 Income before income tax expense 14,819 2,623 17,442 Income tax expense 4,399 817 5,216 Net income $ 10,420 $ 1,806 $ 12,226 Three Months Ended September 30, 2018 Wealth Management (In thousands) Banking Division Total Net interest income $ 27,032 $ 1,110 $ 28,142 Noninterest income 2,570 8,413 10,983 Total income 29,602 9,523 39,125 Provision for loan and lease losses 500 — 500 Compensation and benefits 11,257 4,768 16,025 Premises and equipment expense 2,967 432 3,399 FDIC Expense 593 — 593 Other noninterest expense 2,348 1,919 4,267 Total noninterest expense 17,665 7,119 24,784 Income before income tax expense 11,937 2,404 14,341 Income tax expense 3,002 615 3,617 Net income $ 8,935 $ 1,789 $ 10,724 Nine Months Ended September 30, 2019 Wealth Management (In thousands) Banking Division Total Net interest income $ 85,336 $ 4,024 $ 89,360 Noninterest income 9,991 29,180 39,171 Total income 95,327 33,204 128,531 Provision for loan and lease losses 2,050 — 2,050 Compensation and benefits 36,458 15,717 52,175 Premises and equipment expense 9,265 1,572 10,837 FDIC expense 277 — 277 Other noninterest expense 8,296 6,562 14,858 Total noninterest expense 56,346 23,851 80,197 Income before income tax expense 38,981 9,353 48,334 Income tax expense 10,592 2,541 13,133 Net income $ 28,389 $ 6,812 $ 35,201 Total assets at period end $ 4,840,002 $ 85,407 $ 4,925,409 Nine Months Ended September 30, 2018 Wealth Management (In thousands) Banking Division Total Net interest income $ 81,833 $ 3,945 $ 85,778 Noninterest income 7,550 25,388 32,938 Total income 89,383 29,333 118,716 Provision for loan and lease losses 2,050 — 2,050 Compensation and benefits 33,520 12,910 46,430 Premises and equipment expense 8,788 1,287 10,075 FDIC Expense 1,798 — 1,798 Other noninterest expense 8,300 5,959 14,259 Total noninterest expense 54,456 20,156 74,612 Income before income tax expense 34,927 9,177 44,104 Income tax expense 8,444 2,219 10,663 Net income $ 26,483 $ 6,958 $ 33,441 Total assets at period end $ 4,367,950 $ 67,759 $ 4,435,709

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2019
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 Corporation has elected the fair value option: Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Significant Markets For Other Significant Identical Observable Unobservable September 30, Assets Inputs Inputs (In thousands) 2019 (Level 1) (Level 2) (Level 3) Assets: Available for sale: U.S. government-sponsored agencies $ 35,047 $ — $ 35,047 $ — Mortgage-backed securities-residential 296,629 — 296,629 — SBA pool securities 3,057 — 3,057 — State and political subdivisions 12,196 — 12,196 — Corporate bond 3,060 — 3,060 — CRA investment fund 7,881 7,881 — — Loans held for sale, at fair value 1,756 — 1,756 — Derivatives: Cash flow hedges 56 — 56 — Loan level swaps 43,023 — 43,023 — Total $ 402,705 $ 7,881 $ 394,824 $ — Liabilities: Derivatives: Cash flow hedges $ 4,996 $ — $ 4,996 $ — Loan level swaps 43,023 — 43,023 — Total $ 48,019 $ — $ 48,019 $ — Assets Measured on a Recurring Basis Fair Value Measurements Using Quoted Prices in Active Significant Markets For Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs (In thousands) 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 $ —
Schedule of residential loans held for sale	The following tables present residential loans held for sale, at fair value for the periods indicated: (In thousands) September 30, 2019 December 31, 2018 Residential loans contractual balance $ 1,730 $ 1,552 Fair value adjustment 26 24 Total fair value of residential loans held for sale $ 1,756 $ 1,576
Schedule of carrying amounts and estimated fair values of financial instruments	The carrying amounts and estimated fair values of financial instruments at September 30, 2019 are as follows: Fair Value Measurements at September 30, 2019 using Carrying (In thousands) Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 227,113 $ 227,113 $ — $ — $ 227,113 Securities available for sale 349,989 — 349,989 — 349,989 CRA investment fund 7,881 7,881 — — 7,881 FHLB and FRB stock 21,403 — — — N/A Loans held for sale, at fair value 1,756 — 1,756 — 1,756 Loans held for sale, at lower of cost or fair value 5,937 — 5,994 — 5,994 Loans, net of allowance for loan and lease losses 4,118,332 — — 4,235,028 4,235,028 Accrued interest receivable 11,759 — 1,580 10,179 11,759 Cash flow hedges 56 — 56 — 56 Loan level swaps 43,023 — 43,023 — 43,023 Financial liabilities Deposits $ 4,061,356 $ 3,388,571 $ 677,069 $ — $ 4,065,640 Short-term borrowings 67,000 — 67,000 — 67,000 Federal home loan bank advances 105,000 — 108,600 — 108,600 Subordinated debt 83,361 — — 83,568 83,568 Accrued interest payable 3,661 444 1,996 1,221 3,661 Cash flow hedges 4,996 — 4,996 — 4,996 Loan level swap 43,023 — 43,023 — 43,023 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 Carrying (In thousands) 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 and lease 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

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue From Contract With Customer [Abstract]
Schedule of Noninterest Income	The following table presents the sources of noninterest income for the periods indicated: For the Three Months Ended September 30, (In thousands) 2019 2018 Service charges on deposits Overdraft fees $ 176 $ 179 Interchange income 323 305 Other 383 376 Wealth management fees (a) 9,501 8,200 Other (b) 4,033 1,923 Total noninterest other income $ 14,416 $ 10,983 For the Nine Months Ended September 30, (In thousands) 2019 2018 Service charges on deposits Overdraft fees $ 500 $ 543 Interchange income 909 921 Other 1,186 1,100 Wealth management fees (a) 28,243 24,693 Other (a) 8,333 5,681 Total noninterest other income $ 39,171 $ 32,938 (a) Includes investment brokerage fees. (b) 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 periods indicated: For the Three Months Ended September 30, For the Three Months Ended September 30, 2019 2018 (In thousands) Wealth Wealth Revenue by Operating Segment Banking Management Total Banking Management Total Service charges on deposits Overdraft fees $ 176 $ — $ 176 $ 179 $ — $ 179 Interchange income 323 — 323 305 — 305 Other 383 — 383 376 — 376 Wealth management fees (a) — 9,501 9,501 — 8,200 8,200 Other (b) 3,679 354 4,033 1,710 213 1,923 Total noninterest income $ 4,561 $ 9,855 $ 14,416 $ 2,570 $ 8,413 $ 10,983 For the Nine Months Ended September 30, For the Nine Months Ended September 30, (In thousands) 2019 2018 Revenue by Operating Wealth Wealth Segment Banking Management Total Banking Management Total Service charges on deposits Overdraft fees $ 500 $ — $ 500 $ 543 $ — $ 543 Interchange income 909 — 909 921 — 921 Other 1,186 — 1,186 1,100 — 1,100 Wealth management fees (a) — 28,243 28,243 — 24,693 24,693 Other (a) 7,396 937 8,333 4,986 695 5,681 Total noninterest income $ 9,991 $ 29,180 $ 39,171 $ 7,550 $ 25,388 $ 32,938 (a) Includes investment brokerage fees. (b) All of the other category is outside the scope of ASC 606.

OTHER OPERATING EXPENSES (Table

OTHER OPERATING EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2019
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 periods indicated: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2019 2018 2019 2018 Professional and legal fees 1,228 1,195 3,320 3,487 Telephone 346 275 1,003 830 Advertising 337 248 1,105 973 Amortization of intangible assets 229 180 688 540 Provision for ORE — 28 — 232 Other operating expenses 3,071 2,341 8,742 8,197 Total other operating expenses $ 5,211 $ 4,267 $ 14,858 $ 14,259

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Tables)	9 Months Ended
	Sep. 30, 2019
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 three months ended September 30, 2019 and 2018: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2019 Reclassifications Income/(Loss) 2019 2019 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ 898 $ 583 — $ 583 $ 1,481 Gain/(loss) on cash flow hedges (2,502 ) (752 ) (56 ) (808 ) (3,310 ) Accumulated other comprehensive loss, net of tax $ (1,604 ) $ (169 ) $ (56 ) $ (225 ) $ (1,829 ) Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Three Months Balance at Income/(Loss) Other Ended Balance at July 1, Before Comprehensive September 30, September 30, (In thousands) 2018 Reclassifications Income/(Loss) 2018 2018 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ (4,839 ) $ (1,191 ) $ 218 $ (973 ) $ (5,812 ) Gain/(loss) on cash flow hedges 2,085 534 (20 ) 514 2,599 Accumulated other comprehensive loss, net of tax $ (2,754 ) $ (657 ) $ 198 $ (459 ) $ (3,213 ) The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the nine months ended September 30, 2019 and 2018: Amount Other Reclassified Comprehensive Other From Income/(Loss) Comprehensive Accumulated Nine Months Balance at Income/(Loss) Other Ended Balance at January 1, Before Comprehensive September 30, September 30, (In thousands) 2019 Reclassifications Income/(Loss) 2019 2019 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ (3,006 ) $ 4,487 $ — $ 4,487 $ 1,481 Gain/(loss) on cash flow hedges 661 (3,872 ) (99 ) (3,971 ) (3,310 ) Accumulated other comprehensive loss, net of tax $ (2,345 ) $ 615 $ (99 ) $ 516 $ (1,829 ) Amount Other Reclassified Comprehensive Cumulative Other From Income/(Loss) Adjustment Comprehensive Accumulated Nine Months Balance at For Equity Income/(Loss) Other Ended Balance at January 1, Security Before Comprehensive September 30, September 30, (In thousands) 2018 (ASU 2016-1) Reclassifications Income/(Loss) 2018 2018 Net unrealized holding gain/(loss) on securities available for sale, net of tax $ (2,214 ) $ 127 $ (3,943 ) $ 218 $ (3,725 ) $ (5,812 ) Gain/(loss) on cash flow hedges 1,002 — 1,661 (64 ) 1,597 2,599 Accumulated other comprehensive loss, net of tax $ (1,212 ) $ 127 $ (2,282 ) $ 154 $ (2,128 ) $ (3,213 )
Schedule of the reclassifications out of accumulated other comprehensive income	The following represents the reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2019 and 2018: Three Months Ended September 30, (In thousands) 2019 2018 Affected Line Item in Income Statement Unrealized gains on securities available for sale: Reclassification adjustment for amounts included in net income $ — $ 288 Securities losses, net Income tax expense — (70 ) Income tax expense Total reclassifications, net of tax $ — $ 218 Unrealized gains on cash flow hedge derivatives: Reclassification adjustment for amounts included in net income $ (80 ) $ (31 ) Interest expense Income tax expense 24 11 Income tax expense Total reclassifications, net of tax $ (56 ) $ (20 ) The following represents the reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2019 and 2018: Nine Months Ended September 30, (In thousands) 2019 2018 Affected Line Item in Income Unrealized gains on securities available for sale: Reclassification adjustment for amounts included in net income $ — $ 288 Securities losses, net Income tax expense — (70 ) Income tax expense Total reclassifications, net of tax $ — $ 218 Unrealized gains on cash flow hedge derivatives: Reclassification adjustment for amounts included in net income $ (142 ) $ (93 ) Interest expense Income tax expense 43 29 Income tax expense Total reclassifications, net of tax $ (99 ) $ (64 )

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Sep. 30, 2019
Schedule of Information about Derivatives	The following table presents information about the interest rate swaps designated as cash flow hedges as of September 30, 2019 and December 31, 2018: (Dollars in thousands) September 30, 2019 December 31, 2018 Notional amount $ 245,000 $ 230,000 Weighted average pay rate 2.00 % 2.04 % Weighted average receive rate 2.25 % 2.33 % Weighted average maturity 2.71 years 2.65 years Unrealized (loss)/gain, net $ (4,940 ) $ 808 Number of contracts 12 11
Schedule of Net Gains/(Losses)	The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three and nine months ended September 30, 2019 and September 30, 2018: For the Three Months Ended September 30, (In thousands) 2019 2018 Interest rate contracts Amount of (loss)/gain recognized in OCI $ (808 ) $ 514 Amount of gain reclassified from OCI to interest expense 56 20 For the Nine Months Ended September 30, (In thousands) 2019 2018 Interest rate contracts Amount of (loss)/gain recognized in OCI (effective portion) $ (3,971 ) $ 1,597 Amount of gain reclassified from OCI to interest expense 99 64
Schedule of Notional Amount and Fair Value	September 30, 2019 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing deposits $ 245,000 $ (4,940 ) Total included in other assets 55,000 56 Total included in other liabilities 190,000 (4,996 ) December 31, 2018 Notional Fair (In thousands) Amount Value Interest rate swaps related to interest-bearing deposits $ 230,000 $ 808 Total included in other assets 130,000 1,657 Total included in other liabilities 100,000 (849 )
Not Designated as Hedging Instrument [Member]
Schedule of Information about Derivatives	Information about these swaps is as follows: (Dollars in thousands) September 30, 2019 December 31, 2018 Notional amount $ 668,849 $ 558,690 Fair value $ 43,023 $ 9,689 Weighted average pay rates 4.23 % 4.44 % Weighted average receive rates 3.80 % 4.24 % Weighted average maturity 7.3 years 7.1 years Number of contracts 80 67

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Operating Lease Liabilities by Contractual Maturity	The following is a schedule of the Company's operating lease liabilities by contractual maturity as of September 30, 2019: (In thousands) 2019 $ 2,796 2020 2,424 2021 1,613 2022 1,362 2023 919 Thereafter 1,915 Total lease payments 11,029 Less: imputed interest 410 Total present value of lease payments $ 10,619
Summary of Supplemental Cash Flow Information Related to Direct Finance and Operating Leases	The following table shows the supplemental cash flow information related to the Company’s direct finance and operating leases for the nine months ended September 30, 2019: (In thousands) Right-of-use asset obtained in exchange for lease obligation Operating cash flows from operating leases $ 1,844 Operating cash flows from direct finance leases $ 290 Financing cash flows from direct finance leases $ 561

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative - Other) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)shares	Sep. 30, 2018USD ($)shares	Sep. 30, 2019USD ($)segmentLeaseLocationshares	Sep. 30, 2018USD ($)shares	Dec. 31, 2018USD ($)
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	$ 45,600		$ 45,600		$ 35,100
Threshold period for loan			30 days
Threshold for determining nonaccrual status	90 days		90 days
Number of existing finance leases | Lease			2
Number of branch location | Location			1
Issuance of shares for Employee Stock Purchase Plan, shares | shares	0	6,704	18,740	22,194
Antidilutive securities | shares	27,497	0	277,677	219,733
Employee Stock [Member]
Number of share purchase rights authorized | shares	150,000		150,000
Percentage of closing market price on purchase date			85.00%
Compensation cost	$ 41	$ 31	$ 117	$ 143
Substandard [Member]
Loan reserve multiple	3.5		3.5		3.5
Special Mention [Member]
Loan reserve multiple	2.25		2.25		2.25
Consumer and Other [Member]
Threshold for determining nonaccrual status	120 days		120 days
Small Business Administration Loans [Member]
Loans held for sale	$ 943		$ 943		$ 1,200
Maximum [Member]
Cash equivalents original maturities period			90 days
Short term borrowings original maturities period			90 days
Finite-Lived Intangible Asset, Useful Life			15 years
Maximum [Member] | Employee Stock [Member]
Percentage of compensation contributable			15.00%
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life			5 years
Minimum [Member] | Employee Stock [Member]
Percentage of compensation contributable			1.00%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock-Based Compensation Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Closing stock price of common stock	$ 28.03		$ 28.03
Stock options granted	0		0
Employee Stock Option [Member]
Option term			10 years
Vesting term			5 years
Restricted stock [Member]
Unrecognized compensation cost	$ 29		$ 29
Weighted average period, unrecognized compensation expected to be recognized (in years)			2 months 15 days
Total compensation cost	$ 1,500	$ 1,100	$ 4,400	$ 3,500
Restricted stock [Member] | Tranche One [Member]
Vesting term			3 years
Shares available for grant	0		0
Restricted stock [Member] | Tranche Two [Member]
Vesting term			5 years
Performance Shares [Member]
Shares available for grant	0		0
Restricted Stock Units [Member]
Unrecognized compensation cost	$ 11,200		$ 11,200
Weighted average period, unrecognized compensation expected to be recognized (in years)			1 year 2 months 15 days

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Options Outstanding) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019
Number of Options
Balance	91,310
Exercised	(1,660)
Expired	(930)
Forfeited	(20,000)
Balance	68,720
Vested and expected to vest	68,720
Exercisable	68,720
Weighted Average Exercise Price
Balance	$ 13.63
Exercised	14.26
Expired	20.73
Forfeited	13.07
Balance	13.68
Vested and expected to vest	13.68
Exercisable	$ 13.68
Weighted Average Remaining Contractual Term
Balance	2 years 29 days
Vested and expected to vest	2 years 29 days
Exercisable	2 years 29 days
Aggregate Intrinsic Value
Balance	$ 986
Vested and expected to vest	986
Exercisable	$ 986

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Restricted Common Shares) (Details)	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Performance Shares [Member]
Number of Shares
Balance at Beginning | shares	42,998
Granted | shares	47,770
Balance at end | shares	90,768
Weighted Average Grant Date Fair Value
Balance at Beginning | $ / shares	$ 35.33
Granted | $ / shares	26.34
Balance at end | $ / shares	$ 30.60
Restricted stock [Member]
Number of Shares
Balance at Beginning | shares	366,541
Granted | shares	223,396
Vested | shares	(140,178)
Forfeited | shares	(4,146)
Balance at end | shares	445,613
Weighted Average Grant Date Fair Value
Balance at Beginning | $ / shares	$ 30.64
Granted | $ / shares	26.51
Vested | $ / shares	27.44
Forfeited | $ / shares	31.53
Balance at end | $ / shares	$ 29.57

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Earnings per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounting Policies [Abstract]
Net income available to common shareholders	$ 12,226	$ 10,724	$ 35,201	$ 33,441
Basic weighted-average shares outstanding	19,314,666	19,053,849	19,370,627	18,865,982
Plus: common stock equivalents	170,239	186,249	126,094	201,004
Diluted weighted-average shares outstanding	19,484,905	19,240,098	19,496,721	19,066,986
Net income per share
Basic	$ 0.63	$ 0.56	$ 1.82	$ 1.77
Diluted	$ 0.63	$ 0.56	$ 1.81	$ 1.75

INVESTMENT SECURITIES AVAILAB_3

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Amortized Cost and Approximate Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 348,035	$ 381,910
Gross Unrealized Gains	2,768	639
Gross Unrealized Losses	(814)	(4,613)
Fair Value	349,989	377,936
U.S. Government-Sponsored Entities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	34,986	102,915
Gross Unrealized Gains	78	82
Gross Unrealized Losses	(17)	(984)
Fair Value	35,047	102,013
Mortgage-Backed Securities-Residential [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	294,800	254,383
Gross Unrealized Gains	2,599	418
Gross Unrealized Losses	(770)	(3,439)
Fair Value	296,629	251,362
SBA Pool Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	3,071	3,883
Gross Unrealized Gains
Gross Unrealized Losses	(14)	(44)
Fair Value	3,057	3,839
State and Political Subdivisions [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	12,178	17,729
Gross Unrealized Gains	31	27
Gross Unrealized Losses	(13)	(146)
Fair Value	12,196	17,610
Corporate Bond [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	3,000	3,000
Gross Unrealized Gains	60	112
Gross Unrealized Losses
Fair Value	$ 3,060	$ 3,112

INVESTMENT SECURITIES AVAILAB_4

INVESTMENT SECURITIES AVAILABLE FOR SALE (Schedule of Securities with Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Approximate Fair Value
Less Than 12 Months	$ 49,189	$ 70,958
12 Months or Longer	79,275	180,843
Total	128,464	251,801
Unrealized Losses
Less Than 12 Months	(109)	(407)
12 Months or Longer	(705)	(4,206)
Total	(814)	(4,613)
U.S. Government Sponsored Entities [Member]
Approximate Fair Value
Less Than 12 Months	9,981	18,840
12 Months or Longer		33,600
Total	9,981	52,440
Mortgage-Backed Securities-Residential [Member]
Approximate Fair Value
Less Than 12 Months	34,091	51,697
12 Months or Longer	76,218	136,130
Total	110,309	187,827
Unrealized Losses
Less Than 12 Months	(79)	(303)
12 Months or Longer	(691)	(3,136)
Total	(770)	(3,439)
SBA Pool Securities [Member]
Approximate Fair Value
Less Than 12 Months
12 Months or Longer	3,057	3,839
Total	3,057	3,839
Unrealized Losses
Less Than 12 Months
12 Months or Longer	(14)	(44)
Total	(14)	(44)
State and Political Subdivisions [Member]
Approximate Fair Value
Less Than 12 Months	5,117	421
12 Months or Longer		7,274
Total	5,117	7,695
Unrealized Losses
Less Than 12 Months	(13)	(1)
12 Months or Longer		(145)
Total	(13)	(146)
U.S. Government-Sponsored Entities [Member]
Unrealized Losses
Less Than 12 Months	(17)	(103)
12 Months or Longer		(881)
Total	$ (17)	$ (984)

INVESTMENT SECURITIES AVAILAB_5

INVESTMENT SECURITIES AVAILABLE FOR SALE - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule Of Available For Sale Securities [Line Items]
Securities gains/(losses), net	$ 34	$ (325)	$ 162	$ (439)
CRA Investment Fund [Member]
Schedule Of Available For Sale Securities [Line Items]
Securities gains/(losses), net	$ 34		$ 162

LOANS AND LEASES (Schedule of L

LOANS AND LEASES (Schedule of Loans Outstanding, by Classification) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Total loans	$ 4,159,912	$ 3,927,931
Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	100.00%	100.00%
Unallocated Financing Receivables [Member]
Total loans	$ 380	$ 465
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	$ 559,787	$ 571,570
Residential Mortgage [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	13.46%	14.55%
Multifamily Property [Member] | Residential Portfolio Segment [Member]
Total loans	$ 1,197,093	$ 1,135,805
Multifamily Property [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	28.78%	28.92%
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 721,261	$ 702,165
Commercial Mortgage [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	17.34%	17.88%
Commercial Loans Including Equipment Financing [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	$ 1,564,784	$ 1,397,057
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)	37.62%	35.57%
Construction Loans [Member] | Commercial Portfolio Segment [Member]
Total loans	$ 4,355
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	0.10%
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member]
Total loans	$ 58,423	$ 62,191
Home Equity Lines of Credit [Member] | Residential Portfolio Segment [Member] | Loans and Finance Receivables, Gross [Member] | Credit Concentration Risk [Member]
Total loans (in percent)	1.40%	1.58%
Consumer Loans, Including Home Equity Loans [Member] | Consumer and Other Loans [Member]
Total loans	$ 53,829	$ 58,678
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)	1.29%	1.49%

LOANS AND LEASES (Schedule of_2

LOANS AND LEASES (Schedule of Loan Balances by Portfolio Class) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Total loans	$ 4,155,831	$ 3,924,312
Net deferred costs	4,081	3,619
Total loans including net deferred costs	$ 4,159,912	$ 3,927,931
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	$ 586,404	$ 600,891
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	14.11%	15.31%
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	$ 58,425	$ 62,191
Total loans including net deferred costs	$ 58,423	$ 62,191
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	1.41%	1.58%
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	$ 1,197,093	$ 1,135,805
Total loans including net deferred costs	$ 1,197,093	$ 1,135,805
Residential Portfolio Segment [Member] | Multifamily Property [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	28.80%	28.94%
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	$ 7,063	$ 7,418
Residential Portfolio Segment [Member] | Junior Lien [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.17%	0.19%
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total loans	$ 258,563	$ 261,193
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	6.22%	6.65%
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	$ 1,044,730	$ 1,001,918
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	25.14%	25.53%
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total loans	$ 4,579	$ 86
Total loans including net deferred costs	$ 4,355
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.11%	0.01%
Consumer and Other Loans [Member]
Total loans	$ 57,271	$ 65,180
Consumer and Other Loans [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	1.38%	1.66%
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total loans	$ 704,726	$ 616,838
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	16.96%	15.72%
Lease Financing [Member]
Total loans	$ 233,918	$ 172,643
Lease Financing [Member] | Commercial Portfolio Segment [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	5.63%	4.40%
Agricultural Sector [Member]
Total loans	$ 3,059	$ 149
Agricultural Sector [Member] | Customer Concentration Risk [Member] | Loans and Finance Receivables, Gross [Member]
Total loans (in percent)	0.07%	0.01%

LOANS AND LEASES (Schedule of B

LOANS AND LEASES (Schedule of Balances by Portfolio Class, Based on Impairment Method) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Total Loans Individually Evaluated for Impairment	$ 36,627		$ 31,300
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	2,737		262
Total Loans Collectively Evaluated for Impairment	4,119,204		3,893,012
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	38,843		38,242
Total Loans	4,155,831		3,924,312
Total Ending ALLL	41,580	$ 39,791	38,504	$ 37,293	$ 38,066	$ 36,440
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Loans Individually Evaluated for Impairment	7,238		9,518
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	237		262
Total Loans Collectively Evaluated for Impairment	579,166		591,373
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,252		3,244
Total Loans	586,404		600,891
Total Ending ALLL	2,489	3,057	3,506	4,132	4,382	4,085
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Loans Individually Evaluated for Impairment	3		255
Total Loans Collectively Evaluated for Impairment	58,422		61,936
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	145		164
Total Loans	58,425		62,191
Total Ending ALLL	145	155	164	197	190	221
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total Loans Individually Evaluated for Impairment			1,262
Total Loans Collectively Evaluated for Impairment	1,197,093		1,134,543
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	6,235		5,959
Total Loans	1,197,093		1,135,805
Total Ending ALLL	6,235	5,744	5,959	7,655	8,259	10,007
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total Loans Individually Evaluated for Impairment	24		36
Total Loans Collectively Evaluated for Impairment	7,039		7,382
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	15		15
Total Loans	7,063		7,418
Total Ending ALLL	15	15	15	16	17	12
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Loans Individually Evaluated for Impairment	395		1,574
Total Loans Collectively Evaluated for Impairment	258,168		259,619
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,272		2,614
Total Loans	258,563		261,193
Total Ending ALLL	2,272	2,497	2,614	2,387	2,525	2,385
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total Loans Individually Evaluated for Impairment	22,676		18,655
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	1,000
Total Loans Collectively Evaluated for Impairment	1,022,054		983,263
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	14,745		14,248
Total Loans	1,044,730		1,001,918
Total Ending ALLL	15,745	14,650	14,248	12,791	13,659	11,933
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total Loans Collectively Evaluated for Impairment	4,579		86
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	24		1
Total Loans	4,579		86
Total Ending ALLL	24	1	1	1	1	1
Consumer and Other Loans [Member]
Total Loans Collectively Evaluated for Impairment	57,271		65,180
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	315		384
Total Loans	57,271		65,180
Total Ending ALLL	315	319	384	378	364	349
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Loans Individually Evaluated for Impairment	6,291
Ending ALLL Attributable to Loans Individually Evaluated for Impairment	1,500
Total Loans Collectively Evaluated for Impairment	698,435		616,838
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	10,405		9,839
Total Loans	704,726		616,838
Total Ending ALLL	11,905	11,463	9,839	8,185	7,356	$ 6,563
Lease Financing [Member]
Total Loans Collectively Evaluated for Impairment	233,918		172,643
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	2,396		1,772
Total Loans	233,918		172,643
Total Ending ALLL	2,396		1,772
Agricultural Sector [Member]
Total Loans Collectively Evaluated for Impairment	3,059		149
Ending ALLL Attributable to Loans Collectively Evaluated for Impairment	39		2
Total Loans	3,059		149
Total Ending ALLL	$ 39	$ 2	$ 2	$ 2	$ 2

LOANS AND LEASES (Narrative) (D

LOANS AND LEASES (Narrative) (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)N	Sep. 30, 2018N	Sep. 30, 2019USD ($)N	Sep. 30, 2018N	Dec. 31, 2018USD ($)
Financing Receivable Recorded Investment Past Due [Line Items]
Impaired non-accrual loans	$ 29,383,000		$ 29,383,000		$ 25,715,000
Impaired non-accrual loans performing troubled debt restructured	2,500,000		2,500,000		4,300,000
Allowance allocated to troubled debt restructured loans	1,200,000		1,200,000		262,000
Allowance allocated to non accrual loans	1,200,000		1,200,000		161,000
Loan receivable, validate risk ratings performed for new lending to existing relationships	1,000,000		1,000,000
Loan receivable, validate risk ratings performed for criticized and classified rated borrowers with relationship exposure, value	500,000		500,000
Loan receivable, validate risk ratings performed for random sample of borrowers with relationship, value	1,000,000		1,000,000
Loan receivable, validate risk ratings performed for new regulation "O" loan commitments, value	1,000,000		1,000,000
Loan receivable validate risk ratings performed for leveraged loans, value	1,000,000		1,000,000
Loan receivable validate risk ratings performed for no borrower with commitments, value	250,000		250,000
Troubled debt restructurings specific reserves to customers	$ 1,200,000		$ 1,200,000		262,000
Subsequent default number of contracts | N	0	0	0	0
Substandard [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Financing receivable impaired loan			$ 36,600,000		$ 31,200,000

LOANS AND LEASES (Schedule of_3

LOANS AND LEASES (Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Unpaid Principal Balance
With no related allowance recorded	$ 17,711	$ 34,330
With related allowance recorded	22,444
Total loans individually evaluated for Impairment	40,155	35,346
Recorded Investment
With no related allowance recorded	14,846	30,284
With related allowance recorded	21,781
Total loans individually evaluated for Impairment	36,627	31,300
Specific Reserves	2,737
Average Impaired Loans
With no related allowance recorded	25,101	24,339
With related allowance recorded	5,542
Total loans individually evaluated for Impairment	30,643	25,483
With no related allowance recorded	17,711	34,330
With no related allowance recorded	14,846	30,284
With no related allowance recorded	25,101	24,339
Multifamily Property [Member]
Recorded Investment
With no related allowance recorded		1,262
Average Impaired Loans
With no related allowance recorded		105
With no related allowance recorded		1,262
With no related allowance recorded		105
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	95	102
Recorded Investment
With no related allowance recorded	24	36
Average Impaired Loans
With no related allowance recorded	32	45
With no related allowance recorded	95	102
With no related allowance recorded	24	36
With no related allowance recorded	32	45
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Unpaid Principal Balance
With no related allowance recorded	7,456	9,789
With related allowance recorded	983	1,016
Recorded Investment
With no related allowance recorded	6,255	8,502
With related allowance recorded	983	1,016
Specific Reserves	237	262
Average Impaired Loans
With no related allowance recorded	7,528	8,042
With related allowance recorded	1,074	1,144
With no related allowance recorded	7,456	9,789
With no related allowance recorded	6,255	8,502
With no related allowance recorded	7,528	8,042
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Unpaid Principal Balance
With no related allowance recorded	5	257
Recorded Investment
With no related allowance recorded	3	255
Average Impaired Loans
With no related allowance recorded	101	123
With no related allowance recorded	5	257
With no related allowance recorded	3	255
With no related allowance recorded	101	123
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Unpaid Principal Balance
With no related allowance recorded		1,262
Average Impaired Loans
With no related allowance recorded		1,262
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Unpaid Principal Balance
With no related allowance recorded	461	2,741
Recorded Investment
With no related allowance recorded	395	1,574
Average Impaired Loans
With no related allowance recorded	1,337	2,025
With no related allowance recorded	461	2,741
With no related allowance recorded	395	1,574
With no related allowance recorded	1,337	2,025
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Unpaid Principal Balance
With no related allowance recorded	9,694	20,179
With related allowance recorded	15,064
Recorded Investment
With no related allowance recorded	8,169	18,655
With related allowance recorded	14,507
Specific Reserves	1,000
Average Impaired Loans
With no related allowance recorded	16,103	13,999
With related allowance recorded	1,612
With no related allowance recorded	9,694	20,179
With no related allowance recorded	8,169	18,655
With no related allowance recorded	16,103	$ 13,999
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Unpaid Principal Balance
With related allowance recorded	6,397
Recorded Investment
With related allowance recorded	6,291
Specific Reserves	1,500
Average Impaired Loans
With related allowance recorded	$ 2,856

LOANS AND LEASES (Schedule of I

LOANS AND LEASES (Schedule of Investment in Nonaccrual and Loans Past Due Over 90 Days) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Impaired non-accrual loans	$ 29,383	$ 25,715
Loans Past Due Over 90 Days And Still Accruing Interest	0	0
Residential Portfolio Segment [Member] | Junior Lien [Member]
Impaired non-accrual loans	24	36
Loans Past Due Over 90 Days And Still Accruing Interest	0	0
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Impaired non-accrual loans	4,710	5,215
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	3	235
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	395	1,574
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	17,960	18,655
Loans Past Due Over 90 Days And Still Accruing Interest	0	$ 0
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Impaired non-accrual loans	6,291
Loans Past Due Over 90 Days And Still Accruing Interest	$ 0

LOANS AND LEASES (Schedule of A

LOANS AND LEASES (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total Past Due	$ 6,333	$ 1,099
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Past Due	1,335	1,097
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Past Due	258
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Past Due	4,313
Consumer and Other Loans [Member]
Total Past Due		2
Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Past Due	427
30 to 59 Days Past Due [Member]
Total Past Due	6,248	608
30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Past Due	1,335	606
30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Past Due	258
30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Past Due	4,313
30 to 59 Days Past Due [Member] | Consumer and Other Loans [Member]
Total Past Due		2
30 to 59 Days Past Due [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Past Due	342
60 to 89 Days Past Due [Member]
Total Past Due	85	491
60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Past Due	0	491
60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Past Due	0
60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Past Due	0
60 to 89 Days Past Due [Member] | Consumer and Other Loans [Member]
Total Past Due		0
60 to 89 Days Past Due [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Past Due	85
Greater Than 90 Days [Member]
Total Past Due	0	0
Greater Than 90 Days [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total Past Due	0	0
Greater Than 90 Days [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total Past Due	0
Greater Than 90 Days [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total Past Due	0
Greater Than 90 Days [Member] | Consumer and Other Loans [Member]
Total Past Due		$ 0
Greater Than 90 Days [Member] | Commercial and Industrial Sector [Member] | Commercial Portfolio Segment [Member]
Total Past Due	$ 0

LOANS AND LEASES (Schedule of R

LOANS AND LEASES (Schedule of Risk Category of Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total loans	$ 4,155,831	$ 3,924,312
Lease Financing [Member]
Total loans	233,918	172,643
Agricultural Sector [Member]
Total loans	3,059	149
Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	7,063	7,418
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans	586,404	600,891
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	58,425	62,191
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	1,197,093	1,135,805
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	1,044,730	1,001,918
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Total loans	704,726	616,838
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total loans	4,579	86
Consumer and Other Loans [Member]
Total loans	57,271	65,180
Pass [Member]
Total loans	4,080,079	3,840,333
Pass [Member] | Lease Financing [Member]
Total loans	233,918	172,643
Pass [Member] | Agricultural Sector [Member]
Total loans	3,059	149
Pass [Member] | Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	7,039	7,382
Pass [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans	578,247	590,372
Pass [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	58,422	61,936
Pass [Member] | Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	1,196,366	1,130,926
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total loans	253,475	255,417
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	998,506	948,300
Pass [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Total loans	689,281	608,262
Pass [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total loans	4,495	0
Pass [Member] | Consumer and Other Loans [Member]
Total loans	57,271	64,946
Special Mention [Member]
Total loans	21,870	25,714
Special Mention [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans	861	943
Special Mention [Member] | Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans		3,263
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total loans		249
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	12,740	20,756
Special Mention [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Total loans	8,185	417
Special Mention [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member]
Total loans	84	86
Substandard [Member]
Total loans	53,882	58,265
Substandard [Member] | Residential Portfolio Segment [Member] | Junior Lien [Member]
Total loans	24	36
Substandard [Member] | Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Total loans	7,296	9,576
Substandard [Member] | Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Total loans	3	255
Substandard [Member] | Residential Portfolio Segment [Member] | Multifamily Property [Member]
Total loans	727	1,616
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Total loans	5,088	5,527
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Total loans	33,484	32,862
Substandard [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Total loans	$ 7,260	8,159
Substandard [Member] | Consumer and Other Loans [Member]
Total loans		$ 234

LOANS AND LEASES (Schedule of_4

LOANS AND LEASES (Schedule of Activity in Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Allowance for loan losses
Beginning ALLL	$ 39,791	$ 38,066	$ 38,504	$ 36,440
Charge-Offs	(15)	(1,372)	(120)	(1,584)
Recoveries	1,004	99	1,146	387
Provision (Credit)	800	500	2,050	2,050
Ending ALLL	41,580	37,293	41,580	37,293
Agricultural Sector [Member]
Allowance for loan losses
Beginning ALLL	2	2	2
Provision (Credit)	37		37	2
Ending ALLL	39	2	39	2
Residential Portfolio Segment [Member] | Junior Lien [Member]
Allowance for loan losses
Beginning ALLL	15	17	15	12
Recoveries		6	11	61
Provision (Credit)		(7)	(11)	(57)
Ending ALLL	15	16	15	16
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Allowance for loan losses
Beginning ALLL	3,057	4,382	3,506	4,085
Charge-Offs		(10)	(80)	(87)
Recoveries			51	139
Provision (Credit)	(568)	(240)	(988)	(5)
Ending ALLL	2,489	4,132	2,489	4,132
Residential Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Allowance for loan losses
Beginning ALLL	155	190	164	221
Recoveries	3	3	8	7
Provision (Credit)	(13)	4	(27)	(31)
Ending ALLL	145	197	145	197
Residential Portfolio Segment [Member] | Multifamily Property [Member]
Allowance for loan losses
Beginning ALLL	5,744	8,259	5,959	10,007
Provision (Credit)	491	(604)	276	(2,352)
Ending ALLL	6,235	7,655	6,235	7,655
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Property [Member]
Allowance for loan losses
Beginning ALLL	2,497	2,525	2,614	2,385
Charge-Offs				(64)
Recoveries	996		1,060	66
Provision (Credit)	(1,221)	(138)	(1,402)
Ending ALLL	2,272	2,387	2,272	2,387
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Allowance for loan losses
Beginning ALLL	14,650	13,659	14,248	11,933
Charge-Offs		(1,335)		(1,335)
Recoveries		4		4
Provision (Credit)	1,095	463	1,497	2,189
Ending ALLL	15,745	12,791	15,745	12,791
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Allowance for loan losses
Beginning ALLL	11,463	7,356	9,839	6,563
Charge-Offs				(46)
Recoveries	4	85	13	107
Provision (Credit)	438	744	2,053	1,561
Ending ALLL	11,905	8,185	11,905	8,185
Commercial Portfolio Segment [Member] | Lease Financing [Member]
Allowance for loan losses
Beginning ALLL	1,888	1,311	1,772	884
Provision (Credit)	508	238	624	665
Ending ALLL	2,396	1,549	2,396	1,549
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Allowance for loan losses
Beginning ALLL	1	1	1	1
Provision (Credit)	23		23
Ending ALLL	24	1	24	1
Consumer and Other Loans [Member]
Allowance for loan losses
Beginning ALLL	319	364	384	349
Charge-Offs	(15)	(27)	(40)	(52)
Recoveries	1	1	3	3
Provision (Credit)	10	40	(32)	78
Ending ALLL	$ 315	$ 378	$ 315	$ 378

LOANS AND LEASES (Schedule of_5

LOANS AND LEASES (Schedule of Loans Modified as Troubled Debt Restructurings) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)N	Sep. 30, 2018USD ($)N	Sep. 30, 2019USD ($)N	Sep. 30, 2018USD ($)N
Number of Contracts | N	1	1	1	2
Pre-Modification Outstanding Recorded Investment	$ 341	$ 766	$ 341	$ 16,117
Post-Modification Outstanding Recorded Investment	$ 341	$ 766	$ 341	$ 16,117
Residential Portfolio Segment [Member] | Primary Residential Mortgages [Member]
Number of Contracts | N	1	1	1	1
Pre-Modification Outstanding Recorded Investment	$ 341	$ 766	$ 341	$ 766
Post-Modification Outstanding Recorded Investment	$ 341	$ 766	$ 341	$ 766
Commercial Real Estate Portfolio Segment [Member] | Investment Property [Member]
Number of Contracts | N				1
Pre-Modification Outstanding Recorded Investment				$ 15,351
Post-Modification Outstanding Recorded Investment				$ 15,351

DEPOSITS (Details of Total Depo

DEPOSITS (Details of Total Deposits) (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
Deposits [Abstract]
Time deposits over $250,000		$ 192,800	$ 160,300
Deposits:
Noninterest-bearing demand deposits		544,464	463,926
Interest-bearing checking	[1]	1,352,471	1,247,305
Savings		115,448	114,674
Money market		1,196,188	1,243,369
Certificates of deposit - retail		583,425	510,724
Certificates of deposit - listing service		55,664	79,195
Subtotal deposits		3,847,660	3,659,193
Interest-bearing demand - Brokered		180,000	180,000
Certificates of deposit - Brokered		33,696	56,147
Total deposits		4,061,356	3,895,340
Reciprocal balances		$ 448,900	$ 434,500
%
Noninterest-bearing demand deposits		13.41%	11.91%
Interest-bearing checking	[1]	33.30%	32.02%
Savings		2.84%	2.94%
Money market		29.45%	31.92%
Certificates of deposit - retail		14.37%	13.12%
Certificates of deposit - listing service		1.37%	2.03%
Subtotal deposits		94.74%	93.94%
Interest-bearing demand - Brokered		4.43%	4.62%
Certificates of deposit - Brokered		0.83%	1.44%
Total deposits		100.00%	100.00%
[1]	Interest-bearing checking includes $448.9 million at September 30, 2019 and $434.5 million at December 31, 2018 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.

DEPOSITS (Scheduled Maturities

DEPOSITS (Scheduled Maturities of Time Deposits) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Scheduled maturities of time deposits
2019	$ 122,857
2020	362,340
2021	85,520
2022	39,525
2023	11,426
Over 5 Years	51,117
Total	$ 672,785

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Advances from Federal Home Loan Banks	$ 105,000	$ 108,000
FHLB interest rate	3.20%	3.17%
Advances with fixed maturity dates	$ 105,000	$ 108,000
Weighted average interest rate on fixed maturity advances	3.20%	3.17%
Residential mortgages pledged as collateral for advances	$ 351,600	$ 496,100
Multifamily mortgage loans pledged as collateral for advances	726,200	1,000,000
Investment pledges against advances	102,900	58,500
Overnight borrowings with FHLB	$ 67,000
Rate of overnight borrowings with FHLB	2.10%
FHLB advance	$ 15,000
FHLB advance rate	2.25%
Cash flow hedge, term	4 years
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	1,500,000
Federal Reserve Bank of New York [Member]
Debt Instrument [Line Items]
Overnight borrowings with FHLB	$ 52,000	$ 0

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Schedule of Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Federal Home Loan Bank Advances Maturities Summary
2021	$ 60,000
2022	20,000
2023	25,000
Total	$ 105,000	$ 108,000

BUSINESS SEGMENTS - Additional

BUSINESS SEGMENTS - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019segment
Segment Reporting [Abstract]
Number of Operating Segments	2

BUSINESS SEGMENTS - Schedule of

BUSINESS SEGMENTS - Schedule of Income and Total Assets for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Net interest income	$ 30,085	$ 28,142	$ 89,360	$ 85,778
Noninterest income	14,416	10,983	39,171	32,938
Total income	44,501	39,125	128,531	118,716
Provision for loan and lease losses	800	500	2,050	2,050
Compensation and benefits	17,476	16,025	52,175	46,430
Premises and equipment expense	3,849	3,399	10,837	10,075
FDIC expense	(277)	593	277	1,798
Other noninterest expense	5,211	4,267	14,858	14,259
Total noninterest expense	27,059	24,784	80,197	74,612
Income before income tax expense	17,442	14,341	48,334	44,104
Income tax expense	5,216	3,617	13,133	10,663
NET INCOME	12,226	10,724	35,201	33,441
Total assets at period end	4,925,409	4,435,709	4,925,409	4,435,709	$ 4,617,858
Banking [Member]
Net interest income	28,836	27,032	85,336	81,833
Noninterest income	4,561	2,570	9,991	7,550
Total income	33,397	29,602	95,327	89,383
Provision for loan and lease losses	800	500	2,050	2,050
Compensation and benefits	11,776	11,257	36,458	33,520
Premises and equipment expense	3,294	2,967	9,265	8,788
FDIC expense	(277)	593	277	1,798
Other noninterest expense	2,985	2,348	8,296	8,300
Total noninterest expense	18,578	17,665	56,346	54,456
Income before income tax expense	14,819	11,937	38,981	34,927
Income tax expense	4,399	3,002	10,592	8,444
NET INCOME	10,420	8,935	28,389	26,483
Total assets at period end	4,840,002	4,367,950	4,840,002	4,367,950
Wealth Management Division [Member]
Net interest income	1,249	1,110	4,024	3,945
Noninterest income	9,855	8,413	29,180	25,388
Total income	11,104	9,523	33,204	29,333
Provision for loan and lease losses		0		0
Compensation and benefits	5,700	4,768	15,717	12,910
Premises and equipment expense	555	432	1,572	1,287
FDIC expense		0		0
Other noninterest expense	2,226	1,919	6,562	5,959
Total noninterest expense	8,481	7,119	23,851	20,156
Income before income tax expense	2,623	2,404	9,353	9,177
Income tax expense	817	615	2,541	2,219
NET INCOME	1,806	1,789	6,812	6,958
Total assets at period end	$ 85,407	$ 67,759	$ 85,407	$ 67,759

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
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	Sep. 30, 2019	Dec. 31, 2018
Securities available for sale	$ 349,989	$ 377,936
Loans held for sale, at fair value	1,756	1,576
Recurring Basis [Member]
Loans held for sale, at fair value	1,756	1,576
Total	402,705	395,577
Derivatives	48,019	10,538
Recurring Basis [Member] | Designated as Hedging Instrument [Member]
Derivatives	56	1,657
Derivatives	4,996	849
Recurring Basis [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	43,023	9,689
Derivatives	43,023	9,689
Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Total	7,881	4,719
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Loans held for sale, at fair value	1,756	1,576
Total	394,824	390,858
Derivatives	48,019	10,538
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Designated as Hedging Instrument [Member]
Derivatives	56	1,657
Derivatives	4,996	849
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Not Designated as Hedging Instrument [Member]
Derivatives	43,023	9,689
Derivatives	43,023	9,689
U.S. Government-Sponsored Entities [Member]
Securities available for sale	35,047	102,013
U.S. Government-Sponsored Entities [Member] | Recurring Basis [Member]
Securities available for sale	35,047	102,013
U.S. Government-Sponsored Entities [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	35,047	102,013
Mortgage-Backed Securities-Residential [Member]
Securities available for sale	296,629	251,362
Mortgage-Backed Securities-Residential [Member] | Recurring Basis [Member]
Securities available for sale	296,629	251,362
Mortgage-Backed Securities-Residential [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	296,629	251,362
SBA Pool Securities [Member]
Securities available for sale	3,057	3,839
SBA Pool Securities [Member] | Recurring Basis [Member]
Securities available for sale	3,057	3,839
SBA Pool Securities [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	3,057	3,839
State and Political Subdivisions [Member]
Securities available for sale	12,196	17,610
State and Political Subdivisions [Member] | Recurring Basis [Member]
Securities available for sale	12,196	17,610
State and Political Subdivisions [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	12,196	17,610
Corporate Bond [Member]
Securities available for sale	3,060	3,112
Corporate Bond [Member] | Recurring Basis [Member]
Securities available for sale	3,060	3,112
Corporate Bond [Member] | Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Securities available for sale	3,060	3,112
CRA Investment Fund [Member] | Recurring Basis [Member]
Securities available for sale	7,881	4,719
CRA Investment Fund [Member] | Recurring Basis [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Securities available for sale	$ 7,881	$ 4,719

FAIR VALUE (Schedule of Residen

FAIR VALUE (Schedule of Residential Loans Held for Sale, at Fair Value) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Residential loans contractual balance	$ 1,730	$ 1,552
Fair value adjustment	26	24
Total fair value of residential loans held for sale	$ 1,756	$ 1,576

FAIR VALUE (Schedule of Asset_2

FAIR VALUE (Schedule of Assets Measured on a Non-Recurring Basis) (Details) - Non-Recurring Basis [Member] - Investment Property [Member] - Commercial Real Estate Portfolio Segment [Member] $ in Thousands	Sep. 30, 2019USD ($)
Impaired loans	$ 14,507
Significant Unobservable Inputs (Level 3) [Member]
Impaired loans	$ 14,507

FAIR VALUE (Schedule of Financi

FAIR VALUE (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial Assets:
Securities available for sale	$ 349,989	$ 377,936
FHLB and FRB stock	21,403	18,533
Loans held for sale, at fair value	1,756	1,576
Loans held for sale, at lower of cost or fair value	5,937	3,542
Accrued interest receivable	11,759	10,814
Financial Liabilities:
Short-term borrowings	67,000
Federal home loan bank advances	105,000	108,000
Carrying Value [Member]
Financial Assets:
Cash and cash equivalents	227,113	160,773
Securities available for sale	349,989	377,936
CRA investment fund	7,881	4,719
FHLB and FRB stock	21,403	18,533
Loans held for sale, at fair value	1,756	1,576
Loans held for sale, at lower of cost or fair value	5,937	3,542
Loans, net of allowance for loan and lease losses	4,118,332	3,889,427
Accrued interest receivable	11,759	10,814
Financial Liabilities:
Deposits	4,061,356	3,895,340
Short-term borrowings	67,000
Federal home loan bank advances	105,000	108,000
Subordinated debt	83,361	83,193
Accrued interest payable	3,661	2,868
Carrying Value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	56	1,657
Financial Liabilities:
Derivatives	4,996	849
Carrying Value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	43,023	9,689
Financial Liabilities:
Derivatives	43,023	9,689
Fair value [Member]
Financial Assets:
Cash and cash equivalents	227,113	160,773
Securities available for sale	349,989	377,936
CRA investment fund	7,881	4,719
Loans held for sale, at fair value	1,756	1,576
Loans held for sale, at lower of cost or fair value	5,994	3,654
Loans, net of allowance for loan and lease losses	4,235,028	3,852,004
Accrued interest receivable	11,759	10,814
Financial Liabilities:
Deposits	4,065,640	3,890,271
Short-term borrowings	67,000
Federal home loan bank advances	108,600	108,950
Subordinated debt	83,568	82,207
Accrued interest payable	3,661	2,868
Fair value [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	227,113	160,773
CRA investment fund	7,881	4,719
Financial Liabilities:
Deposits	3,388,571	3,249,274
Accrued interest payable	444	331
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Securities available for sale	349,989	377,936
Loans held for sale, at fair value	1,756	1,576
Loans held for sale, at lower of cost or fair value	5,994	3,654
Accrued interest receivable	1,580	1,875
Financial Liabilities:
Deposits	677,069	640,997
Short-term borrowings	67,000
Federal home loan bank advances	108,600	108,950
Accrued interest payable	1,996	2,482
Fair value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Loans, net of allowance for loan and lease losses	4,235,028	3,852,004
Accrued interest receivable	10,179	8,939
Financial Liabilities:
Subordinated debt	83,568	82,207
Accrued interest payable	1,221	55
Fair value [Member] | Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	56	1,657
Financial Liabilities:
Derivatives	4,996	849
Fair value [Member] | Designated as Hedging Instrument [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Derivatives	56	1,657
Financial Liabilities:
Derivatives	4,996	849
Fair value [Member] | Not Designated as Hedging Instrument [Member]
Financial Assets:
Derivatives	43,023	9,689
Financial Liabilities:
Derivatives	43,023	9,689
Fair value [Member] | Not Designated as Hedging Instrument [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Derivatives	43,023	9,689
Financial Liabilities:
Derivatives	$ 43,023	$ 9,689

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Schedule of Noninterest Income) (Details) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2019		Sep. 30, 2018		Sep. 30, 2019		Sep. 30, 2018
Service charges on deposits
Overdraft fees		$ 176		$ 179		$ 500		$ 543
Interchange income		323		305		909		921
Other		383		376		1,186		1,100
Wealth management fees	[1]	9,501		8,200		28,243		24,693
Other		4,033	[2]	1,923	[2]	8,333	[1]	5,681	[1]
Total other income		$ 14,416		$ 10,983		$ 39,171		$ 32,938
[1]	Includes investment brokerage fees.
[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		3 Months Ended				9 Months Ended
		Sep. 30, 2019		Sep. 30, 2018		Sep. 30, 2019		Sep. 30, 2018
Service charges on deposits
Overdraft fees		$ 176		$ 179		$ 500		$ 543
Interchange income		323		305		909		921
Other		383		376		1,186		1,100
Wealth management fees	[1]	9,501		8,200		28,243		24,693
Other		4,033	[2]	1,923	[2]	8,333	[1]	5,681	[1]
Total other income		14,416		10,983		39,171		32,938
Banking [Member]
Service charges on deposits
Overdraft fees		176		179		500		543
Interchange income		323		305		909		921
Other		383		376		1,186		1,100
Wealth management fees	[1]	0		0
Other		3,679	[2]	1,710	[2]	7,396	[1]	4,986	[1]
Total other income		4,561		2,570		9,991		7,550
Wealth Management Division [Member]
Service charges on deposits
Overdraft fees		0		0		0		0
Interchange income		0		0		0		0
Other		0		0		0		0
Wealth management fees	[1]	9,501		8,200		28,243		24,693
Other		354	[2]	213	[2]	937	[1]	695	[1]
Total other income		$ 9,855		$ 8,413		$ 29,180		$ 25,388
[1]	Includes investment brokerage fees.
[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	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interchange income	$ 323	$ 305	$ 909	$ 921
Cardholder rewards [Member]
Interchange income	$ 37	$ 37	$ 105	$ 100

OTHER OPERATING EXPENSES (Detai

OTHER OPERATING EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other operating expenses
Professional and legal fees	$ 1,228	$ 1,195	$ 3,320	$ 3,487
Telephone	346	275	1,003	830
Advertising	337	248	1,105	973
Amortization of intangible assets	229	180	688	540
Provision for ORE		28		232
Other operating expenses	3,071	2,341	8,742	8,197
Total other operating expenses	$ 5,211	$ 4,267	$ 14,858	$ 14,259

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Accumulated Other Comprehensive Income Balances, Net of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 493,888	$ 437,019	$ 469,013	$ 403,678
Total other comprehensive income/(loss)	(225)	(459)	516	(2,128)
Balance	495,350	454,433	495,350	454,433
Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	898	(4,839)	(3,006)	(2,214)
Other Comprehensive Income/(Loss) Before Reclassifications	583	(1,191)	4,487	(3,943)
Amount Reclassified From Accumulated Other Comprehensive Income/(Loss)		218		218
Total other comprehensive income/(loss)	583	(973)	4,487	(3,725)
Balance	1,481	(5,812)	1,481	(5,812)
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 Adjustment For Equity Security				127
Gain/(Loss) on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(2,502)	2,085	661	1,002
Other Comprehensive Income/(Loss) Before Reclassifications	(752)	534	(3,872)	1,661
Amount Reclassified From Accumulated Other Comprehensive Income/(Loss)	(56)	(20)	(99)	(64)
Total other comprehensive income/(loss)	(808)	514	(3,971)	1,597
Balance	(3,310)	2,599	(3,310)	2,599
Accumulated Other Comprehensive Loss, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(1,604)	(2,754)	(2,345)	(1,212)
Other Comprehensive Income/(Loss) Before Reclassifications	(169)	(657)	615	(2,282)
Amount Reclassified From Accumulated Other Comprehensive Income/(Loss)	(56)	198	(99)	154
Total other comprehensive income/(loss)	(225)	(459)	516	(2,128)
Balance	$ (1,829)	$ (3,213)	$ (1,829)	(3,213)
Accumulated Other Comprehensive Loss, Net of Tax [Member] | ASU 2016-01 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative Adjustment For Equity Security				$ 127

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME (Schedule of Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 15,863	$ 12,021	$ 45,754	$ 31,127
Securities gains/(losses), net	34	(325)	162	(439)
Income tax expense	(5,216)	(3,617)	(13,133)	(10,663)
NET INCOME	12,226	10,724	35,201	33,441
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Unrealized Gains on Securities Available for Sale [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Securities gains/(losses), net		288		288
Income tax expense		(70)		(70)
NET INCOME		218		218
Reclassification out of Accumulated Other Comprehensive Income | Gain/(Loss) on Cash Flow Hedge [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	(80)	(31)	(142)	(93)
Income tax expense	24	11	43	29
NET INCOME	$ (56)	$ (20)	$ (99)	$ (64)

DERIVATIVES - Additional Inform

DERIVATIVES - Additional Information (Details)	3 Months Ended				9 Months Ended
	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)N	Sep. 30, 2018USD ($)	Mar. 31, 2018USD ($)N	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Derivative [Line Items]
Net interest income	$ 30,085,000		$ 28,142,000		$ 89,360,000	$ 85,778,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	245,000,000				245,000,000		$ 230,000,000
Net interest income	289,000		$ 124,000		915,000	$ 137,000
Unrealized after-tax gain of accumulated other comprehensive income loss		$ 189,000		$ 220,000
Interest income	$ 81,000				$ 142,000
Derivative number of instruments terminated | N		4		2

DERIVATIVES - (Schedule of Info

DERIVATIVES - (Schedule of Information about Derivatives) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member]	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)N	Dec. 31, 2018USD ($)N
Derivative [Line Items]
Notional Amount	$ 245,000,000	$ 230,000,000
Weighted average pay rate	2.00%	2.04%
Weighted average receive rate	2.25%	2.33%
Weighted average maturity	2 years 8 months 15 days	2 years 7 months 24 days
Unrealized (loss)/gain, net	$ (4,940,000)	$ 808,000
Number of contracts | N	12	11

DERIVATIVES - (Schedule of Net

DERIVATIVES - (Schedule of Net Gains/(Losses)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative [Line Items]
Amount of (loss)/gain recognized in OCI	$ (808)	$ 514	$ (3,971)	$ 1,597
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Amount of (loss)/gain recognized in OCI	(808)	514	(3,971)	1,597
Amount of gain reclassified from OCI to interest expense	$ 56	$ 20	$ 99	$ 64

DERIVATIVES - (Schedule of Noti

DERIVATIVES - (Schedule of Notional Amount and Fair Value) (Details) - Designated as Hedging Instrument [Member] - Interest Rate Swap [Member] - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Notional Amount	$ 245,000,000	$ 230,000,000
Fair Value	(4,940,000)	808,000
Other Assets [Member]
Derivative [Line Items]
Notional Amount	55,000,000	130,000,000
Fair Value	56,000	1,657,000
Other Liabilities [Member]
Derivative [Line Items]
Notional Amount	190,000,000	100,000,000
Fair Value	$ (4,996,000)	$ (849,000)

DERIVATIVES - (Schedule of In_2

DERIVATIVES - (Schedule of Information about Derivatives-Not Designated as Hedging Instrument) (Details) - Loan Level Swaps [Member] - Not Designated as Hedging Instrument [Member] $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)N	Dec. 31, 2018USD ($)N
Derivative [Line Items]
Notional Amount	$ 668,849	$ 558,690
Fair Value	$ 43,023	$ 9,689
Weighted average pay rate	4.23%	4.44%
Weighted average receive rate	3.80%	4.24%
Weighted average maturity	7 years 3 months 18 days	7 years 1 month 6 days
Number of contracts | N	80	67

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) - Subordinated Debt [Member] - USD ($) $ in Thousands	1 Months Ended
	Dec. 31, 2017	Jun. 30, 2016
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	4.75%	6.00%
LIBOR spread	2.54%	4.85%
Debt issuance costs	$ 875	$ 1,300
Parent Company [Member]
Debt Instrument [Line Items]
Net proceeds used to contribute to the Bank	29,100	40,000
Proceeds from debt retained by parent	$ 5,000	$ 10,000

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Jan. 01, 2019
Lessee Lease Description [Line Items]
Operating lease right-of-use assets	$ 10,328	$ 10,328	$ 7,900
Operating lease liabilities	$ 10,619	$ 10,619	$ 8,200
Weighted average discount rate	3.36%	3.36%
Weighted average lease term	5 years 11 months 1 day	5 years 11 months 1 day
Operating lease costs	$ 756	$ 2,100
Variable lease costs	$ 83	$ 238
Minimum [Member]
Lessee Lease Description [Line Items]
Remaining lease term		3 months
Maximum [Member]
Lessee Lease Description [Line Items]
Remaining lease term		18 years

LEASES (Schedule of Operating L

LEASES (Schedule of Operating Lease Liabilities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Leases [Abstract]
2019	$ 2,796
2020	2,424
2021	1,613
2022	1,362
2023	919
Thereafter	1,915
Total lease payments	11,029
Less: imputed interest	410
Total present value of lease payments	$ 10,619	$ 8,200

LEASES (Summary of Supplemental

LEASES (Summary of Supplemental Cash Flow Information Related to Direct Finance and Operating Leases) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 1,844
Operating cash flows from direct finance leases	290
Financing cash flows from direct finance leases	$ 561

ACCOUNTING PRONOUNCEMENTS (Deta

ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Lease liability	$ 8,200	$ 10,619
Right-of-use asset	7,900	$ 10,328
ASU 2018-11 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative effect adjustment to retained earnings	$ 661

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) - USD ($) $ in Millions	Sep. 01, 2019	Sep. 30, 2019
Business Combinations [Abstract]
Effective date of acquisition		Sep. 1, 2019
Purchase price included cash and common stock	$ 5.6