Cardinal Financial (CFNL) 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 06, 2016
Document and Entity Information
Entity Registrant Name	CARDINAL FINANCIAL CORP
Entity Central Index Key	1,060,523
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		32,415,646
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks		$ 19,379	$ 24,760	[1]
Federal funds sold		41,489	14,577	[1]
Total cash and cash equivalents		60,868	39,337	[1]
Investment securities available-for-sale		407,980	414,077	[1]
Investment securities held-to-maturity (fair value of $3,324 and $3,311 at March 31, 2016 and December 31, 2015, respectively)		3,814	3,836	[1]
Investment securities - trading		6,221	5,881	[1]
Total investment securities		418,015	423,794	[1]
Other investments		19,411	20,967	[1]
Loans held for sale		365,489	383,768	[1]
Loans receivable, net of deferred fees and costs		3,101,978	3,056,310	[1]
Allowance for loan losses		(32,407)	(31,723)	[1]
Loans receivable, net		3,069,571	3,024,587	[1]
Premises and equipment, net		24,845	25,163	[1]
Deferred tax asset, net		4,895	7,970	[1]
Goodwill and intangibles, net		36,415	36,576	[1]
Bank-owned life insurance		33,102	32,978	[1]
Other real estate owned	[1]		253
Accrued interest receivable and other assets		41,934	34,528	[1]
Total assets		4,074,545	4,029,921	[1]
Liabilities and Shareholders' Equity
Non-interest bearing deposits		687,493	657,398	[1]
Interest bearing deposits		2,457,534	2,375,373	[1]
Total deposits		3,145,027	3,032,771	[1]
Other borrowed funds		437,065	537,965	[1]
Mortgage funding checks		28,765	12,554	[1]
Escrow liabilities		2,777	2,676	[1]
Accrued interest payable and other liabilities		34,366	30,808	[1]
Total liabilities		3,648,000	3,616,774	[1]
Common stock, $1 par value; 50,000,000 and 50,000,000, Shares authorized; 32,414,596 and 32,373,433 Shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively		32,415	32,373	[1]
Additional paid-in capital		208,456	207,429	[1]
Retained earnings		175,485	166,303	[1]
Accumulated other comprehensive income, net		10,189	7,042	[1]
Total shareholders' equity		426,545	413,147
Total liabilities and shareholders' equity		$ 4,074,545	$ 4,029,921	[1]
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED STATEMENTS OF CON3

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF CONDITION
Investment securities held-to-maturity, fair value (in dollars)	$ 3,324	$ 3,311
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, Shares authorized	50,000,000	50,000,000
Common stock, Shares issued	32,414,596	32,373,433
Common stock, Shares outstanding	32,414,596	32,373,433

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income:
Loans receivable	$ 31,045	$ 27,496
Loans held for sale	2,957	2,484
Federal funds sold	65	28
Investment securities available-for-sale	3,159	2,715
Investment securities held-to-maturity	14	21
Other investments	197	156
Total interest income	37,437	32,900
Interest expense:
Deposits	4,472	3,486
Other borrowed funds	2,259	1,975
Total interest expense	6,731	5,461
Net interest income	30,706	27,439
Provision for loan losses	250	130
Net interest income after provision for loan losses	30,456	27,309
Non-interest income:
Service charges on deposit accounts	551	544
Loan fees	309	454
Investment fee income	85	115
Realized and unrealized gains on mortgage banking activities	14,139	16,166
Net realized loss on investment securities-trading	(196)
Net realized gain on investment securities-available for sale	112	202
Increase in cash surrender value of bank-owned life insurance	124	118
Other income	145	5
Total non-interest income	15,269	17,604
Non-interest expense:
Salary and benefits	15,497	12,081
Occupancy	2,592	2,484
Professional fees	1,135	1,589
Depreciation	844	876
Data processing & communications	1,346	1,504
FDIC insurance premiums	516	516
Mortgage loan repurchases and settlements	100
Merger and acquisition expense		468
Amortization of intangibles	161	197
Other operating expenses	4,101	4,428
Total non-interest expense	26,292	24,143
Income before income taxes	19,433	20,770
Provision for income taxes	6,366	7,038
Net income	$ 13,067	$ 13,732
Earnings per common share - basic	$ 0.40	$ 0.42
Earnings per common share - diluted	$ 0.39	$ 0.42
Weighted-average common shares outstanding - basic	32,978	32,635
Weighted-average common shares outstanding - diluted	33,436	33,071

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 13,067	$ 13,732
Unrealized gain on available-for-sale investment securities:
Unrealized holding gain arising during the period, net of tax expense of $2,056 in 2016 and $375 in 2015	3,669	815
Less: reclassification adjustment for net (gains) losses included in net income net of tax expense of $40 in 2016 and $67 in 2015	(72)	(135)
Unrealized loss on derivative instruments designated as cash flow hedges, net of tax benefit of $254 in 2016 and $137 in 2015	(450)	(245)
Other comprehensive income	3,147	435
Comprehensive income	$ 16,214	$ 14,167

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Unrealized holding gain arising during the period, tax expense	$ 2,056	$ 375,000
Reclassification adjustment for net (gains) losses included in net income, tax expense	40,000	67,000
Unrealized loss on derivative instruments designated as cash flow hedges, tax benefit	$ 254,000	$ 137,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Total
Balance at Dec. 31, 2014	$ 32,078	$ 201,948	$ 133,129	$ 10,166	$ 377,321
Balance (in shares) at Dec. 31, 2014	32,078
Increase (Decrease) in Stockholders' Equity
Stock options exercised	$ 70	692			762
Stock options exercised (in shares)	70
Vesting of restricted stock grants	$ 7	(7)
Vesting of restricted stock grants (in shares)	7
Stock compensation expense, net of tax benefit		560			560
Dividends on common stock of $0.12 and $0.11 per share for the three months ended March 31, 2016 and 2015, respectively			(3,534)		(3,534)
Other comprehensive income				435	435
Net income			13,732		13,732
Balance at Mar. 31, 2015	$ 32,155	203,193	143,327	10,601	389,276
Balance (in shares) at Mar. 31, 2015	32,155
Balance at Dec. 31, 2015	$ 32,373	207,429	166,303	7,042	413,147
Balance (in shares) at Dec. 31, 2015	32,373
Increase (Decrease) in Stockholders' Equity
Stock options exercised	$ 5	38			43
Stock options exercised (in shares)	5
Vesting of restricted stock grants	$ 37	(37)
Vesting of restricted stock grants (in shares)	37
Stock compensation expense, net of tax benefit		1,026			1,026
Dividends on common stock of $0.12 and $0.11 per share for the three months ended March 31, 2016 and 2015, respectively			(3,885)		(3,885)
Other comprehensive income				3,147	3,147
Net income			13,067		13,067
Balance at Mar. 31, 2016	$ 32,415	$ 208,456	$ 175,485	$ 10,189	$ 426,545
Balance (in shares) at Mar. 31, 2016	32,415

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
Dividends on common stock (in dollars per share)	$ 0.12	$ 0.11

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 13,067	$ 13,732
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	844	876
Amortization of premiums, discounts and intangibles	548	335
Provision for loan losses	250	130
Loans held for sale originated	(768,801)	(843,734)
Proceeds from the sale of loans held for sale	801,219	860,209
Realized and unrealized gains on mortgage banking activities	(14,139)	(16,166)
Purchase of investment securities-trading	(1,011)	(700)
Loss on investment securities-trading	196
Gain on call of investment securities available-for-sale	(112)	(202)
Gain on sales of other real estate owned	(40)
Stock compensation expense	1,026	560
Increase in cash surrender value of bank-owned life insurance	(124)	(118)
Increase in accrued interest receivable and other assets	(6,796)	(7,928)
Increase in accrued interest payable, escrow liabilities and other liabilities	4,134	4,066
Net cash provided by operating activities	30,261	11,060
Cash flows from investing activities:
Net purchases of premises and equipment	(526)	(762)
Proceeds from maturity and call of investment securities available-for-sale	8,280	23,315
Proceeds from sale of other investments	3,187	1,025
Purchase of investment securities available for sale		(752)
Purchase of other investments	(1,631)	(133)
Redemptions of investment securities available-for-sale	3,154	3,427
Redemptions of investment securities held-to-maturity	22	5
Proceeds from the sale of other real estate owned	293
Net increase in loans receivable, net	(45,234)	(43,837)
Net cash used in investing activities	(32,455)	(17,712)
Cash flows from financing activities:
Net increase in deposits	112,256	109,801
Net decrease in other borrowed funds - short term	(50,900)	(71,673)
Net increase in mortgage funding checks	16,211	3,562
Proceeds from FHLB advances	50,000
Repayments of FHLB advances	(100,000)	(10,000)
Stock options exercised	43	762
Dividends on common stock	(3,885)	(3,534)
Net cash provided by financing activities	23,725	28,918
Net increase in cash and cash equivalents	21,531	22,266
Cash and cash equivalents at beginning of year	39,337	38,189
Cash and cash equivalents at end of period	60,868	60,455
Cash paid during the year for:
Interest	6,753	5,629
Income taxes	2,786	5,319
Supplemental disclosure of noncash investing and financing activities:
Change in unrealized gain on available-for-sale investment securities	5,612	1,055
Change in fair value of derivative instruments designated as cash flow hedges	$ (704)	$ (382)

Organization

Organization	3 Months Ended
	Mar. 31, 2016
Organization
Organization	Note 1 Organization Cardinal Financial Corporation (the “Company” or “Cardinal”) is incorporated under the laws of the Commonwealth of Virginia as a financial holding company whose activities consist of investment in its wholly-owned subsidiaries. The principal operating subsidiary of the Company is Cardinal Bank (the “Bank”), a state-chartered institution and its subsidiary, George Mason Mortgage, LLC (“George Mason”), a mortgage banking company based in Fairfax, Virginia. In addition to the Bank, the Company has one nonbank subsidiary, Cardinal Wealth Services, Inc. (“CWS”), an investment services subsidiary. On January 16, 2014, the Company announced the completion of its acquisition of United Financial Banking Companies, Inc. (“UFBC”), the holding company of The Business Bank (“TBB”), pursuant to a previously announced definitive merger agreement. The merger of UFBC into Cardinal was effective January 16, 2014. TBB, which was headquartered in Vienna, Virginia, merged into Cardinal Bank effective March 8, 2014. Basis of Presentation In the opinion of management, the accompanying consolidated financial statements have been prepared in accordance with the requirements of Regulation S-X, Article 10. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. However, all adjustments that are, in the opinion of management, necessary for a fair presentation have been included. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the full year ending December 31, 2016. The unaudited interim financial statements should be read in conjunction with the audited financial statements and notes to financial statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Stock-Based Compensation
Stock-Based Compensation	Note 2 Stock-Based Compensation At March 31, 2016, the Company had two stock-based employee compensation plans, the 1999 Stock Option Plan (the “Option Plan”) and the 2002 Equity Compensation Plan (the “Equity Plan”). In 1998, the Company adopted the Option Plan pursuant to which the Company may grant stock options for up to 625,000 shares of the Company’s common stock to employees and members of the Company’s and its subsidiaries’ boards of directors. As of November 23, 2008, the Option Plan expired, and therefore, there are no shares of common stock available to grant under this plan. In 2002, the Company adopted the Equity Plan. The Equity Plan was amended in 2011 to increase the number of shares available under the plan and extend the term to 2021. The Equity Plan authorizes the granting of options, which may be incentive stock options or non-qualified stock options, stock appreciation rights, restricted stock awards, phantom stock awards and performance share awards to directors, eligible officers and key employees of the Company. There were 90,855 shares of the Company’s common stock available for future grants and awards in the Equity Plan as of March 31, 2016. Stock options are granted with an exercise price equal to the fair value of the Company’s common stock on the date of grant. Director stock options have ten year terms and vest and become fully exercisable at the grant date. Certain employee stock options have ten year terms and vest and become fully exercisable in 25% annual increments beginning as of the date of grant. In addition, the Company has granted stock options to employees of the Company have ten year terms and vest and become fully exercisable in 20% annual increments beginning after their first year of service. Other grants have ten year terms and vest and become fully exercisable in one-third annual increments beginning as of the date of grant. Restricted stock awards are granted at the fair value of the Company’s common stock on the grant date. Most employee restricted stock awards vest in one-third annual increments on the anniversary date of the grant. Certain restricted stock awards granted to executive officers vest one-third immediately on the grant date with the remaining unvested options vesting over the next two years. The Company has only made awards of stock options and restricted stock under the Option Plan and the Equity Plan. Total expense related to the Company’s share-based compensation plans for the three months ended March 31, 2016 and 2015 was $1.0 million and $560,000, respectively. The total income tax benefit recognized in the income statement for share-based compensation arrangements was $331,000 and $186,000 for the three months ended March 31, 2016 and 2015, respectively. Options granted for the three months ended March 31, 2016 and 2015 were 17,000 and 109,250, respectively. The weighted average per share fair value of stock option grants for the three months ended March 31, 2016 and 2015 was $5.59 and $5.93, respectively. The fair values of the options granted during all periods ended March 31, 2016 and 2015 were estimated as of the grant date using the Black-Scholes option-pricing model based on the following weighted average assumptions: Three Months Ended March 31, 2016 2015 Estimated option life 6.5 Years 6.5 Years Risk free interest rate 1.53% 1.73 – 1.83% Expected volatility 36.50% 36.90% Expected dividend yield 2.40% 2.46% Expected volatility is based upon the average annual historical volatility of the Company’s common stock. The estimated option life is derived from specific historical data to estimate the expected term of the option, such as employee option exercise and employee post-vesting departure behavior. The risk free interest rate is based upon the seven-year U.S. Treasury note rate in effect at the time of grant. The expected dividend yield is based upon implied and historical dividend declarations. Stock option activity during the three months ended March 31, 2016 is summarized as follows: Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Shares Price Term (Years) Value Outstanding at December 31, 2015 $ Granted Exercised ) Forfeited ) Outstanding at March 31, 2016 $ $ Options exercisable at March 31, 2016 $ $ The intrinsic value of options exercised during the three months ended March 31, 2016 and 2015 was $38,000 and $560,000, respectively. A summary of the status of the Company’s non-vested stock options and changes during the three months ended March 31, 2016 is as follows: Weighted Average Number of Grant Date Shares Fair Value Balance at December 31, 2015 $ Granted Vested ) Forfeited ) Balance at March 31, 2016 $ A summary of the Company’s restricted stock grant activity during the three months ended March 31, 2016 is as follows: Weighted Average Number of Grant Date Shares Fair Value Balance at December 31, 2015 $ Granted Vested ) Forfeited ) Balance at March 31, 2016 $ At March 31, 2016, there was $2.9 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. The cost is expected to be recognized over a weighted average period of 2.4 years. The total fair value of shares from stock options that vested during the three months ended March 31, 2016 and 2015 was $983,000 and $900,000, respectively. The total fair value of restricted stock grants that vested during the three months ended March 31, 2016 were $714,000 and $134,000, respectively.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Information
Segment Information	Note 3 Segment Information The Company operates in three business segments: commercial banking, mortgage banking, and wealth management services. The commercial banking segment includes both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing and consumer loans. In addition, this segment provides customers with several choices of deposit products including demand deposit accounts, savings accounts and certificates of deposit. The mortgage banking segment engages primarily in the origination and acquisition of residential mortgages for sale into the secondary market. The wealth management services segment provides investment and financial advisory services to businesses and individuals, including financial planning, retirement/estate planning, and investment management. Information about the reportable segments and reconciliation of this information to the consolidated financial statements at and for the three months ended March 31, 2016 and 2015 is as follows: At and for the Three Months Ended March 31, 2016 (in thousands): Wealth Management Commercial Mortgage and Intersegment Banking Banking Trust Services Other Elimination Consolidated Net interest income $ $ $ — $ ) $ — $ Provision for loan losses — — — — Non-interest income ) — Non-interest expense — Provision for income taxes ) — Net income (loss) $ $ $ $ ) $ — $ Total Assets $ $ $ $ $ ) $ Average Assets $ $ $ $ $ ) $ At and for the Three Months Ended March 31, 2015 (in thousands): Wealth Management Commercial Mortgage and Intersegment Banking Banking Trust Services Other Elimination Consolidated Net interest income $ $ $ — $ ) $ — $ Provision for loan losses — — — — Non-interest income — Non-interest expense — Provision for income taxes — ) — Net income (loss) $ $ $ $ ) $ — $ Total Assets $ $ $ $ $ ) $ Average Assets $ $ $ $ $ ) $ The Company did not have any operating segments other than those reported. Parent company financial information is included in the “Other” category and represents an overhead function rather than an operating segment. The parent company’s most significant assets are its net investments in its subsidiaries. The parent company’s net interest expense is comprised of interest income from short-term investments and interest expense on trust preferred securities.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Common Share
Earnings Per Share	Note 4 Earnings Per Share The following is the calculation of basic and diluted earnings per share for the three months ended March 31, 2016 and 2015. There were 670 and 167 antidilutive outstanding stock options excluded from the weighted average shares outstanding for the diluted earnings per share calculation for the three months ended March 31, 2016 and 2015, respectively. There were 4,998 antidilutive outstanding restricted stock awards excluded from the weighted average shares outstanding for the diluted earnings per share calculation for the three months ended March 31, 2016. There were no antidilutive outstanding restricted stock awards excluded from the weighted average shares outstanding for the diluted earnings per share calculation for the three months ended March 31, 2015. (In thousands, Three Months Ended except per share data) 2016 2015 Net income available to common shareholders $ $ Weighted average common shares - basic Weighted average common shares - diluted Earnings per common share - basic $ $ Earnings per common share - diluted $ $ Weighted average shares for the basic earnings per share calculation is increased by the number of shares required to be issued under the Company’s various deferred compensation plans. These plans provide for a Company match, and such match must be in the common stock of the Company. Employees who participate in the Company’s deferred compensation plans can allocate, at their discretion, their contributions to various investment options, including an option to invest in Company Common Stock. The incremental weighted average shares attributable to the deferred compensation plans included in diluted outstanding shares assumes the participants opt to invest all of their contributions into the Company’s Common Stock investment option. The following shows the composition of basic outstanding shares for the three months ended March 31, 2016 and 2015: (in thousands) 2016 2015 Weighted average common shares outstanding Weighted average shares attributable to the deferred compensation plans Total weighted average shares - basic The following shows the composition of diluted outstanding shares for the three months ended March 31, 2016 and 2015: Three Months Ended March 31, (in thousands) 2016 2015 Weighted average shares outstanding - basic (from above) Incremental weighted average shares attributable to deferred compensation plans Weighted average shares attributable to vested stock options Incremental shares from stock option plan — — Incremental shares from restricted stock grants — — Total weighted average shares - diluted

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2016
Investment Securities
Investment Securities	Note 5 Investment Securities The approximate fair value and amortized cost of investment securities at March 31, 2016 and December 31, 2015 are shown in the tables below. March 31, 2016 Gross Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Investment Securities Available-for-Sale U.S. government-sponsored agencies $ $ $ — $ Mortgage-backed securities ) Municipal securities ) Total $ $ $ ) $ Investment Securities Held-to-Maturity Mortgage-backed securities $ $ — $ — $ Pooled trust preferred securities — ) Total $ $ — $ ) $ December 31, 2015 Gross Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Investment Securities Available-for-Sale U.S. government-sponsored agencies $ $ $ ) $ Mortgage-backed securities ) Municipal securities ) Total $ $ $ ) $ Investment Securities Held-to-Maturity Mortgage-backed securities $ $ — $ — $ Pooled trust preferred securities — ) Total $ $ — $ ) $ The fair value and amortized cost of investment securities by contractual maturity at March 31, 2016 and December 31, 2015 are shown below. Expected maturities may differ from contractual maturities because many issuers have the right to call or prepay obligations with or without call or prepayment penalties. March 31, 2016 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Within One Year $ $ $ — $ — After 1 year but within 5 years — — After 5 years but within 10 years — — After 10 years Mortgage-backed securities Total $ $ $ $ December 31, 2015 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (In thousands) cost Value cost Value Within One Year $ $ $ — $ — After 1 year but within 5 years — — After 5 years but within 10 years — — After 10 years Mortgage-backed securities Total $ $ $ $ The following table shows the Company’s investment securities’ gross unrealized losses and their fair value, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position at March 31, 2016 and December 31, 2015. At March 31, 2016 Investment Securities Available-for-Sale Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Mortgage-backed securities $ $ ) $ $ ) $ $ ) Municipal securities ) ) ) Total temporarily impaired securities $ $ ) $ $ ) $ $ ) Investment Securities Held-to-Maturity Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Pooled trust preferred securities $ — $ — $ $ ) $ $ ) Total temporarily impaired securities $ — $ — $ $ ) $ $ ) At December 31, 2015 Investment Securities Available-for-Sale Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. government sponsored agencies $ $ ) $ — $ — $ $ ) Mortgage-backed securities ) ) ) Municipal securities ) ) ) Total temporarily impaired securities $ $ ) $ $ ) $ $ ) Investment Securities Held-to-Maturity Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Pooled trust preferred securities $ — $ — $ $ ) $ $ ) Total temporarily impaired securities $ — $ — $ $ ) $ $ ) The Company estimates the fair value of its pooled trust preferred securities portfolio by using third party projected cash flows for each of the issuances in the portfolio, and a discount rate that is commensurate with the risk inherent in the expected cash flows is applied to arrive at the estimated fair value. The Company completes reviews for other-than-temporary impairment at least quarterly. As of March 31, 2016, the majority of the investment securities portfolio consisted of securities rated AAA by a leading rating agency. Investment securities which carry a AAA rating are judged to be of the best quality and carry the smallest degree of investment risk. At March 31, 2016, 99% of the Company’s mortgage-related securities are guaranteed by the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC) and the Government National Mortgage Association (GNMA). The Company has $911,000 in non-government non-agency mortgage-related securities in its available-for-sale portfolio. The various protective elements on the non-agency securities may change in the future if market conditions or the financial stability of credit insurers changes, which could impact the ratings of these securities. At March 31, 2016, certain of the Company’s investment grade securities were in an unrealized loss position. Investment securities with unrealized losses are a result of pricing changes due to recent and negative conditions in the current market environment and not as a result of permanent credit impairment. Contractual cash flows for the agency mortgage-backed securities are guaranteed and/or funded by the U.S. government. Other mortgage-backed securities and municipal securities have third party protective elements and there are no negative indications that the contractual cash flows will not be received when due. The Company does not intend to sell nor does the Company believe it will be required to sell any of the temporarily impaired securities prior to the recovery of the amortized cost. No other-than-temporary impairment has been recognized for the securities in the Company’s investment portfolio for the three months ended March 31, 2016. The Company has investment assets designated as trading to economically hedge against fair value changes in the Company’s nonqualified deferred compensation plan liability. Those investments are designated as trading securities, and as such, the changes in fair value are reflected in earnings. Trading securities at March 31, 2016 and December 31, 2015 are as follows: (in thousands) March 31, 2016 December 31, 2015 Cash equivalents $ $ Mutual funds $ $

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Loans Receivable and Allowance for Loan Losses
Loans Receivable and Allowance for Loan Losses	Note 6 Loans Receivable and Allowance for Loan Losses The loan portfolio at March 31, 2016 and December 31, 2015 consist of the following: March 31, 2016 (In thousands) Originated Acquired Total Commercial and industrial $ $ $ Real estate - commercial Real estate - construction Real estate - residential Home equity lines Consumer Net deferred fees and costs ) — ) Loans receivable, net of fees Allowance for loan losses ) ) ) Loans receivable, net $ $ $ December 31, 2015 (In thousands) Originated Acquired Total Commercial and industrial $ $ $ Real estate - commercial Real estate - construction Real estate - residential Home equity lines Consumer Net deferred fees and costs ) — ) Loans receivable, net of fees Allowance for loan losses ) ) ) Loans receivable, net $ $ $ The loan portfolio is segregated into two components: loans accounted for under the amortized cost method (referred to as “originated” loans) and loans acquired (referred to as “acquired” loans). The loans segregated to the acquired loan portfolio were initially measured at fair value and subsequently accounted for under either Accounting Standards Codification (“ASC”) Topic 310-30 or ASC 310-20. The outstanding principal balance and related carrying amount of acquired loans included in the consolidated statements of condition at March 31, 2016 and December 31, 2015 are as follows: (in thousands) March 31, 2016 Credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ Carrying amount Other acquired loans Outstanding principal balance Carrying amount Total acquired loans Outstanding principal balance Carrying amount (in thousands) December 31, 2015 Credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ Carrying amount Other acquired loans Outstanding principal balance Carrying amount Total acquired loans Outstanding principal balance Carrying amount The following table presents changes in the accretable discount, which includes income recognized from contractual interest cash flows. (in thousands) Balance at December 31, 2015 $ ) Charge-offs — Recoveries ) Accretion Balance at March 31, 2016 $ ) (in thousands) Balance at December 31, 2014 $ ) Charge-offs Recoveries ) Accretion ) Balance at December 31, 2015 $ ) The Company’s allowance for loan losses is based first on a segmentation of its loan portfolio by general loan type, or portfolio segments, as presented in the preceding table. For originated loans, certain portfolio segments are further disaggregated and evaluated collectively for impairment based on class segments, which are largely based on the type of collateral underlying each loan. The Company also maintains an allowance for loan losses for acquired loans when: (i) for loans accounted for under ASC 310-30, there is deterioration in credit quality subsequent to acquisition, and (ii) for loans accounted for under ASC 310-20, the inherent losses in the loans exceed the remaining credit discount recorded at the time of acquisition. Activity in the Company’s allowance for loan losses for the three months ended March 31, 2016 and 2015 is shown below. 2016 2015 Beginning balance, January 1 $ $ Provision for loan losses Loans charged off: Commercial and industrial ) ) Residential ) — Consumer — ) Total loans charged off ) ) Recoveries: Commercial and industrial Residential Consumer — Total recoveries Net recoveries Ending balance, March 31, $ $ As of March 31, 2016 and 2015, the allowance for loan losses for the acquired loan portfolio was $157,000 and $0, respectively. There were no impairments recorded in the purchased credit impaired portfolio as of March 31, 2016 and 2015. An analysis of the allowance for loan losses based on loan type, or segment, and the Company’s loan portfolio, which identifies certain loans that are evaluated for individual or collective impairment, as of March 31, 2016 and 2015, are below: Allowance for Loan Losses At and for the Three Months Ended March 31, 2016 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Allowance for loan losses: Beginning Balance, January 1 $ $ $ $ $ $ $ Charge-offs ) — — — ) — ) Recoveries — — Provision for loan losses ) ) Ending Balance, March 31, 2016 $ $ $ $ $ $ $ Ending Balance, March 31, 2016 Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment Loans Receivable At March 31, 2016 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Loans Receivable: Ending Balance, March 31, 2016 $ $ $ $ $ $ $ Ending Balance, March 31, 2016 Individually evaluated for impairment $ $ $ — $ — $ $ — $ Purchased Credit Impaired Loans — Collectively evaluated for impairment Allowance for Loan Losses For the Year Ended December 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Allowance for loan losses: Beginning Balance, January 1 $ $ $ $ $ $ $ Charge-offs ) — — ) ) ) ) Recoveries — — Provision for loan losses ) ) Ending Balance, December 31, 2015 $ $ $ $ $ $ $ Ending Balance, December 31, 2015 Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment Loans Receivable At December 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Loans Receivable: Ending Balance, December 31, 2015 $ $ $ $ $ $ $ Ending Balance, December 31, 2015 Individually evaluated for impairment $ $ $ — $ $ $ — $ Purchased Credit Impaired Loans — Collectively evaluated for impairment Allowance for Loan Losses At and for the Three Months Ended March 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Allowance for loan losses: Beginning Balance, January 1 $ $ $ $ $ $ $ Charge-offs ) — — — — ) ) Recoveries — Provision for loan losses ) ) ) Ending Balance, March 31, 2015 $ $ $ $ $ $ $ Ending Balance, March 31, 2015 Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment Loans Receivable At March 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Loans Receivable: Ending Balance, March 31, 2015 $ $ $ $ $ $ $ Ending Balance, March 31, 2015 Individually evaluated for impairment $ $ $ $ — $ $ — $ Purchased Credit Impaired Loans Collectively evaluated for impairment The accounting policy related to the allowance for loan losses is considered a critical accounting policy given the level of estimation, judgment and uncertainty in evaluating the levels of the allowance required for the inherent probable losses in the loan portfolio and the material effect such estimation, judgment and uncertainty can have on the consolidated financial results. The Company’s ongoing credit quality management process relies on a system of activities to assess and evaluate various factors that impact the estimation of the allowance for loan losses. These factors include, but are not limited to; current economic conditions; loan concentrations, collateral adequacy and value: past loss experience for particular types of loans, size, composition and nature of loans; migration of loans through our loan rating methodology; trends in charge-offs and recoveries. This process also contemplates a disciplined approach to managing and monitoring credit exposures to ensure that the structure and pricing of credit remains consistent with the Company’s assessment of risk. The loan officer has frequent contact with the borrower and is a key player in the credit management process and must develop and diligently practice sound credit management skills and habits to ensure effectiveness. Under the direction of the Company’s loan committee and the chief credit officer, the credit risk management function works with the loan officers and other groups within the Company to monitor the loan portfolio, maintain the watch list, and compile the analysis necessary to determine the allowance for loan losses. Loans are added to the watch list when circumstances appear to warrant the inclusion of the relationship. As a general rule, loans are added to the watch list when they are deemed to be problem assets. Problem assets are defined as those that have been risk rated substandard or lower. Successful problem asset management requires early recognition of deteriorating credits and timely corrective or risk management actions. Generally, risk ratings are either approved or amended by the loan committee accordingly. Problem loans are maintained on the watch list until the loan is either paid off or circumstances around the borrower’s situation improve to the point that the risk rating on the loan is adjusted upward. In addition to internal activities, the Company also engages an external consultant on a quarterly basis to review the Company’s loan portfolio. This external loan review function helps to ensure the soundness of the loan portfolio through a third party review of existing exposures in the portfolio, supporting the commercial loan officers in the execution of its credit management responsibilities, and monitoring the adherence to the Company’s credit risk management standards. The following tables report the Company’s nonaccrual and past due loans at March 31, 2016 and December 31, 2015. In addition, the credit quality of the loan portfolio is provided as of March 31, 2016 and December 31, 2015. Nonaccrual and Past Due Loans - Originated Loan Portfolio At March 31, 2016 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ — $ — $ $ — $ — Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — — — — Multi-family — — — — — — Home equity lines — — — Consumer Installment — — — — Credit cards — — — — — — $ $ $ — $ $ $ $ — $ — Nonaccrual and Past Due Loans - Acquired Loan Portfolio At March 31, 2016 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ — $ — $ $ — $ — Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — — — Multi-family — — — — — — — — Home equity lines — — — — — — Consumer Installment — — — — — — Credit cards — — — — — — — — $ — $ — $ — $ — $ $ $ — $ — Nonaccrual and Past Due Loans - Originated Loan Portfolio At December 31, 2015 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ $ $ $ — $ Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — Multi-family — — — — — — Home equity lines — — — Consumer Installment — — — — — — Credit cards — — — — — — $ $ $ $ $ $ $ — $ Nonaccrual and Past Due Loans - Acquired Loan Portfolio At December 31, 2015 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ $ $ $ — $ Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — — — Multi-family — — — — — — — — Home equity lines — — — — — — Consumer Installment — — — — — — Credit cards — — — — — — — — $ — $ — $ $ $ $ $ — $ Additional information on the Company’s impaired loans that were evaluated for specific reserves as of March 31, 2016 and December 31, 2015, including the recorded investment on the statement of condition and the unpaid principal balance, is shown below: Impaired Loans - Originated Loan Portfolio At March 31, 2016 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ $ $ — $ Real estate - commercial Owner occupied — — — — Non-owner occupied — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ $ $ — $ Real estate - commercial — Real estate - construction — — — — Real estate - residential — — — — Home equity lines — — Consumer — — — — Total $ $ $ — $ Impaired Loans - Acquired Loan Portfolio At March 31, 2016 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — — — Real estate - construction Residential — Commercial — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — — Real estate - construction — Real estate - residential — — — — Home equity lines — — — — Consumer — — — — Total $ $ $ — $ Impaired Loans - Originated Loan Portfolio At December 31, 2015 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ $ $ — $ Real estate - commercial Owner occupied — — — — Non-owner occupied — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — Multi-family — — — — Home equity lines — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ $ $ — $ Real estate - commercial — Real estate - construction — — — — Real estate - residential — Home equity lines — — Consumer — — — — Total $ $ $ — $ Impaired Loans - Acquired Loan Portfolio At December 31, 2015 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — Real estate - construction Residential — — — — Commercial — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ $ $ — $ — Real estate - commercial — Real estate - construction — Real estate - residential — — — — Home equity lines — — — — Consumer — — — — Total $ $ $ — $ In order to maximize the collection of certain loans, the Company will attempt to work with borrowers when necessary to extend or modify loan terms to better align with the borrower’s ability to repay. Extensions and modifications to loans are made in accordance with the Company’s policy and conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. The Company considers regulatory guidelines when restructuring a loan to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower’s current and prospective ability to comply with the modified terms of the loan. A modification is classified as a troubled debt restructuring (“TDR”) if both of the following exist: (1) the borrower is experiencing financial difficulty and (2) the Company has granted a concession to the borrower. The Company determines that a borrower may be experiencing financial difficulty if the borrower is currently in default on any of its debt, or if the Company is concerned that the borrower may not be able to perform in accordance with the current terms of the loan agreement in the foreseeable future. Although each occurrence is unique to the borrower and is evaluated separately, for all portfolio segments, TDRs are typically modified through reductions in interest rates, reductions in payments, changing the payment terms from principal and interest to interest only, and/or extensions in term maturity. For the periods ended March 31, 2016 and 2015, there were no loans modified in a troubled debt restructuring. At March 31, 2016 and December 31, 2015, the Company had two TDRs totaling $362,000 and $365,000, respectively (both of which are related to one borrower). Loans reported as TDRs as of March 31, 2016 and December 31, 2015 are not on nonaccrual. While the borrower is having financial difficulty, the borrower has not missed a scheduled payment under the terms of the loan agreement. The Company did not place these TDRs on nonaccrual as the only concession granted to the borrower was an extension of the maturity date to provide the borrower additional time needed to sell the collateral associated with these two loans. At March 31, 2016, these loans are performing as expected post-modification. There are no acquired loans classified as TDRs. For restructured loans in the portfolio, the Company had no loan loss reserves at March 31, 2016 and December 31, 2015, respectively. There were no outstanding commitments to advance additional funds to customer relationships whose loans had been restructured as of March 31, 2016 and December 31, 2015. Loans modified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For each of the periods ended March 31, 2016 and 2015, there were no loans modified during the previous 12 months that defaulted during the period. One of the most significant factors in assessing the credit quality of the Company’s loan portfolio is the risk rating. The Company uses the following risk ratings to manage the credit quality of its loan portfolio: pass, other loans especially mentioned (OLEM), substandard, doubtful and loss. OLEM are those loans in which the borrower exhibits potential weakness that may, if not corrected or reversed, weaken the Bank’s credit position at some future date. These loans may not show problems as yet due to the borrower’s apparent ability to service the debt, but special circumstances surround the loans of which the Bank’s management should be aware. Substandard risk rated loans are those loans whose full final collectability may not appear to be a matter for serious doubt, but which nevertheless have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt and require close supervision by management. Loans that have a risk rating of doubtful have all the weakness inherent in one graded substandard with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and value, highly questionable. A loss loan is one that is considered uncollectible and will be charged-off immediately. All other loans not rated OLEM, substandard, doubtful or loss are considered to have a pass risk rating. Substandard and doubtful risk rated loans are evaluated for impairment. The following table presents a summary of the risk ratings by portfolio segment and class segment at March 31, 2016 and December 31, 2015. Internal Risk Rating Grades - Originated Loan Portfolio At March 31, 2016 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — Real estate - construction Residential — — — — Commercial — — — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — Consumer Installment — — — Credit cards — — — — Total Loans Receivable $ $ $ $ — $ — Internal Risk Rating Grades - Acquired Loan Portfolio At March 31, 2016 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ — $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — — — — Multi-family — — — — — Home equity lines — — — — Consumer Installment — — — — Credit cards — — — — — Total Loans Receivable $ $ $ — $ — $ — Internal Risk Rating Grades - Originated Loan Portfolio At December 31, 2015 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — — Real estate - construction Residential — — — — Commercial — — Real estate - residential Single family — — Multi-family — — — — Home equity lines — — — Consumer Installment — — — — Credit cards — — — — Total Loans Receivable $ $ $ $ — $ — Internal Risk Rating Grades - Acquired Loan Portfolio At December 31, 2015 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — — — — Multi-family — — — — — Home equity lines — — — — Consumer Installment — — — — Credit cards — — — — — Total Loans Receivable $ $ $ $ — $ —

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities	Note 7 Derivative Instruments and Hedging Activities The Company enters into rate lock commitments with its mortgage customers. The Company is also a party to forward mortgage loan sales contracts to sell loans servicing released and short sales of mortgage-backed securities. When the interest rate is locked with the borrower, the rate lock commitment, forward sale agreement, and mortgage-backed security position are undesignated derivatives and marked to fair value through earnings. The fair value of the rate lock derivative includes the servicing premium and the interest spread for the difference between retail and wholesale mortgage rates. Realized and unrealized gains on mortgage banking activities represents the gain recognized for the period presented and associated with these elements of fair value. On the date the mortgage loan closes, the anticipated future sales proceeds from the loan held for sale is designated as the hedged item in a cash flow hedge relationship and the forward loan sale commitment or mortgage-backed security position is designated as the hedging instrument. At March 31, 2016, accumulated other comprehensive income included an unrealized loss, net of tax, of $930,000 related to forward loan sales contracts and TBA mortgage-backed securities designated as the hedging instrument in the cash flow hedge. Loans held for sale are generally sold within thirty days of closing and, therefore, all or substantially all of the amount recorded in accumulated other comprehensive income at March 31, 2016 which is related to the Company’s cash flow hedges will be recognized in earnings during the second quarter of 2016. For the three months ended March 31, 2016, the Company recognized a loss of $590,000 related to economic hedges that do not perfectly offset. For the three months ended March 31, 2015, the Company recognized minimal amounts due to hedge ineffectiveness. At March 31, 2016, the Company had $423.1 million in residential mortgage rate lock commitments and associated forward sales, and $112.9 million in forward loan sales associated with $308.6 million of loans that had closed and were presented as held for sale.

Fair Value of Derivative Instru

Fair Value of Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2016
Fair Value of Derivative Instruments and Hedging Activities
Fair Value of Derivative Instruments and Hedging Activities	Note 8 Fair Value of Derivative Instruments and Hedging Activities The following tables disclose the derivative instruments’ location on the Company’s statement of condition and the fair value of those instruments at March 31, 2016 and December 31, 2015. In addition, the gains and losses related to these derivative instruments is provided for the three months ended March 31, 2016 and 2015. Derivative Instruments and Hedging Activities At March 31, 2016 (in thousands) Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative Instruments Designated within a Hedging Relationship Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ Interest Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities TBA mortgage-backed securities Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Designated Instruments Derivative Instruments Not Designated within a Hedging Relationship Rate Lock and Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ TBA mortgage-backed securities Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Undesignated Instruments Total Derivatives $ $ Derivative Instruments and Hedging Activities At December 31, 2015 (in thousands) Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative Instruments Designated within a Hedging Relationship Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ Interest Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Derivatives Designated as Hedging Instruments Derivative Instruments Not Designated within a Hedging Relationship Rate Lock and Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ TBA mortgage-backed securities Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Undesignated Instruments Total Derivatives $ $ Impact of Derivative Instruments on the Statement of Income For the Three Months Ended March 31, 2016 (in thousands) Derivatives in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Forward Loan Sales Commitments $ ) Other Income $ ) Other Income $ — Total $ ) $ ) $ — Amount of Gain (Loss) Recognized in Income on Derivative Location of Gain (Loss) Recognized in Income on Derivative Derivatives Not Designated as Hedging Instruments Rate Lock Commitment $ Realized and unrealized gains on mortgage banking activities Forward Loan Sales Commitments ) Other Income Rate Lock Commitments Other Income Total $ Impact of Derivative Instruments on the Statement of Income For the Three Months Ended March 31, 2015 (in thousands) Derivatives in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Forward Loan Sales Commitments $ ) Other Income $ Other Income $ — Total $ ) $ $ — Amount of Gain (Loss) Recognized in Income on Derivative Location of Gain (Loss) Recognized in Income on Derivative Derivatives Not Designated as Hedging Instruments Rate Lock Commitment $ Realized and unrealized gains on mortgage banking activities Forward Loan Sales Commitments ) Other Income Rate Lock Commitments Other Income Total $

Goodwill and Other Intangibles

Goodwill and Other Intangibles	3 Months Ended
	Mar. 31, 2016
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	Note 9 Goodwill and Other Intangibles Information concerning total amortizable other intangible assets at March 31, 2016 is as follows: Commercial Banking Mortgage Banking Total (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Balance at December 31, 2015 $ $ $ $ $ $ 2016 activity: Amortization — — — — Balance at March 31, 2016 $ $ $ $ $ $ The aggregate amortization expense was $161,000 and $197,000 for three months ended March 31, 2016 and 2015, respectively. The estimated amortization expense for the next five years and thereafter is as follows: (In thousands) 2016 (April — December) $ 2017 2018 2019 Thereafter The carrying amount of goodwill at March 31, 2016 was as follows: (In thousands) Commercial Banking Mortgage Banking Total Balance at December 31, 2015 $ $ $ Activity: None — — — Balance at March 31, 2016 $ $ $ Goodwill is evaluated for impairment on an annual basis or more frequently if events or circumstances warrant.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies
Commitments and Contingencies	Note 10 Commitments and Contingencies The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Commitments to extend credit are agreements to lend to a customer so long as there is no violation of any condition established in the contract. Commitments usually have fixed expiration dates up to one year or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. These instruments represent obligations of the Company to extend credit or guarantee borrowings and are not recorded on the consolidated statements of financial condition. The rates and terms of these instruments are competitive with others in the market in which the Company operates. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The Company evaluates each customer’s creditworthiness on a case-by-case basis and requires collateral to support financial instruments when deemed necessary. The amount of collateral obtained upon extension of credit is based upon management’s evaluation of the counterparty. Collateral held varies but may include deposits held by the Company, marketable securities, accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of the contractual obligations by a customer to a third party. The majority of these guarantees extend until satisfactory completion of the customer’s contractual obligations. All standby letters of credit outstanding at March 31, 2016 are collateralized. Commitments to extend credit of $1.3 billion primarily have floating rates as of March 31, 2016. At March 31, 2016, standby letters of credit were $32.8 million. In addition, commitments to extend credit of $451.9 million as of March 31, 2016 are related to George Mason’s mortgage loan funding commitments and are of a short term nature. These off-balance sheet financial instruments may involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. Credit risk is defined as the possibility of sustaining a loss because the other parties to a financial instrument fail to perform in accordance with the terms of the contract. The Company’s maximum exposure to credit loss under standby letters of credit and commitments to extend credit is represented by the contractual amounts of those instruments. It is uncertain as to the amount, if any, that the Company will be required to fund on these commitments as many such arrangements expire with no amounts drawn. George Mason provides for its estimated exposure to repurchase loans previously sold to investors for which borrowers failed to provide full and accurate information on their loan application or for which appraisals have not been acceptable or where the loan was not underwritten in accordance with the loan program specified by the loan investor, and for other exposure to its investors related to loan sales activities. The Company evaluates the merits of each claim and estimates its reserve based on actual and expected claims received and considers the historical amounts paid to settle such claims. George Mason has a reserve of $0 and $500,000 as of March 31, 2016 and December 31, 2015, respectively. The Company has derivative counter-party risk that may arise from the possible inability of George Mason’s third party investors to meet the terms of their forward sales contracts. George Mason works with third-party investors that are generally well-capitalized, are investment grade and exhibit strong financial performance to mitigate this risk. The Company does not expect any third-party investor to fail to meet its obligation.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements
Fair Value Measurements	Note 11 Fair Value Measurements The fair value framework under U.S. generally accepted accounting principles defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an 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. It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring the fair value. There are three levels of inputs that may be used to measure fair value: Level 1 — Quoted prices in active markets for identical assets or liabilities as of the measurement date. Level 2 — Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 — Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Recurring Fair Value Measurements All classes of the Company’s investment securities available-for-sale, the Company’s trading investment securities, which include cash equivalents and mutual funds, and bank-owned life insurance are recorded at fair value, measured using reliable and unbiased valuations by an industry-wide valuation service and therefore fall into the Level 2 category. This service uses evaluated pricing models that vary based on asset class and include available trade, bid, and other market information. Generally, the methodology includes broker quotes, proprietary models, vast descriptive terms and conditions databases, as well as extensive quality control programs. The Company records its interest rate lock commitments and forward loan sales commitments at fair value determined as the amount that would be required to settle each of these derivative financial instruments at the balance sheet date. In the normal course of business, George Mason enters into contractual interest rate lock commitments to extend credit to borrowers with fixed expiration dates. The commitments become effective when the borrowers “lock-in” a specified interest rate within the time frames established by the mortgage companies. All borrowers are evaluated for credit worthiness prior to the extension of the commitment. Market risk arises if interest rates move adversely between the time of the interest rate lock by the borrower and the sale date of the loan to the investor. To mitigate the effect of the interest rate risk inherent in providing rate lock commitments to borrowers, George Mason enters into either a forward sales contract to sell loans to investors when using best efforts or a TBA mortgage-backed security under mandatory delivery. As TBA mortgage-backed securities are actively traded in an open market, TBA mortgage-backed securities fall into a Level 1category. The forward sales contracts lock in an interest rate and price for the sale of loans similar to the specific rate lock commitments. Both rate lock commitments to borrowers and the forward sales contracts to investors through to the date the loan closes are undesignated derivatives and accordingly, are marked to fair value through earnings. These valuations fall into a Level 2 category. There were no significant transfers into and out of Level 1, Level 2 and Level 3 measurements in the fair value hierarchy during the three months ended March 31, 2016. Transfers between levels are recognized at the end of each reporting period. The valuation technique used for fair value measurements using significant other observable inputs (Level 2) is the market approach for each class of assets and liabilities. Assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 are shown below: At March 31, 2016 (In Thousands) Fair Value Measurements Using Quoted Prices in Active markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Balance (Level 1) (Level 2) (Level 3) Investment securities available-for-sale: U.S. government-sponsored agencies $ $ — $ $ — Mortgage-backed securities — — Municipal securities — — Total investment securities available-for-sale — — Investment securities — trading — — Bank-owned life insurance — — Derivative asset - rate lock and forward loan sales commitments — — Derivative asset — interest rate lock commitments — — Derivative asset — TBA mortgage-backed securities — — Derivative liability - rate lock and forward loan sales commitments — — Derivative liability — interest rate lock commitments — — Derivative liability — TBA mortgage-backed securities — — At December 31, 2015 (In Thousands) Fair Value Measurements Using Quoted Prices in Active markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Balance (Level 1) (Level 2) (Level 3) Investment securities available-for-sale: U.S. government-sponsored agencies $ $ — $ $ — Mortgage-backed securities — — Municipal securities — — Total investment securities available-for-sale — — Investment securities — trading — — Bank-owned life insurance — — Derivative asset - rate lock and forward loan sales commitments — — Derivative asset — interest rate lock commitments — — Derivative asset — TBA mortgage-backed securities — — Derivative liability - rate lock and forward loan sales commitments — — Derivative liability — interest rate lock commitments — — Derivative liability — TBA mortgage-backed securities — — Nonrecurring Fair Value Measurements Certain assets and liabilities are measured at fair value on a nonrecurring basis and are not included in the tables above. These assets include the valuation of the Company’s loans receivable — evaluated for impairment and other real estate owned. Neither was measured at fair value at March 31, 2016 or December 31, 2015. The Company’s loans receivable — evaluated for impairment are measured at the present value of its expected future cash flows discounted at the loan’s coupon rate, or at the loan’s observable market price or fair value of the collateral if the loan is collateral dependent. The Company measures the collateral value on loans receivable — evaluated for impairment by obtaining an updated appraisal of the underlying collateral and may discount further the appraised value, if necessary, to an amount equal to the expected cash proceeds in the event the loan is foreclosed upon and the collateral is sold. This third party appraisal data is based on market comparisons and may be subject to further adjustment for certain non-observable criteria. In addition, an estimate of costs to sell the collateral is assumed. Although management uses its best judgment in estimating the fair value of financial instruments, there are inherent limitations in any estimation technique. Because of the wide range of valuation techniques and the numerous estimates and assumptions which must be made, it may be difficult to make reasonable comparisons between the Company’s fair value information and that of other banking institutions. It is important that the many uncertainties be considered when using the estimated fair value disclosures and that, because of these uncertainties, the aggregate fair value amount should not be construed as representative of the underlying value of the Company. Fair Value of Financial Instruments The assumptions used and the estimates disclosed represent management’s best judgment of appropriate valuation methods for estimating the fair value of financial instruments. These estimates are based on pertinent information available to management at the valuation date. In certain cases, fair values are not subject to precise quantification or verification and may change as economic and market factors and management’s evaluation of those factors change. The following summarizes the significant methodologies and assumptions used in estimating the fair values presented in the following table, and not disclosed elsewhere in this footnote. Cash and Cash Equivalents The carrying amount of cash and cash equivalents is used as a reasonable estimate of fair value. Investment Securities Held-to-Maturity and Other Investments Fair values for certain investment securities held-to-maturity are based on quoted market prices or prices quoted for similar financial instruments. For the pooled trust preferred securities that are held-to-maturity, the Company estimates the fair value of these securities through the use of internal calculations and through information provided by external pricing sources. Certain other investments such as Federal Home Loan Bank stock is recorded at cost as this is the estimated fair value based on its redemption provisions. Loans Held for Sale Loans held for sale are carried at the lower of cost or fair value. The fair value is based upon the related purchase price commitments from secondary market investors. Loans Receivable, Net In order to determine the fair market value for loans receivable, the loan portfolio was segmented based on loan type, credit quality and maturities. For certain variable rate loans with no significant credit concerns and frequent repricings, estimated fair values are based on current carrying amounts. The fair values of other loans are estimated using discounted cash flow analyses, at interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. The fair value analysis also included other assumptions to estimate fair value, intended to approximate those a market participant would use in an orderly transaction, with adjustments for discount rates, interest rates, liquidity, as appropriate. This method of estimating fair value does not incorporate the exit-price concept of fair value which is appropriate for this disclosure. Deposits The fair values for demand deposits are equal to the carrying amount since they are payable on demand at the reporting date. The carrying amounts of variable rate, fixed-term money market accounts and certificates of deposit (CDs) approximate their fair value at the reporting date. Fair values for fixed rate CDs are estimated using a discounted cash flow calculation that applies interest rates currently being offered on CDs to a schedule of aggregated expected monthly maturities on time deposits. Other Borrowed Funds The fair value of other borrowed funds is estimated using a discounted cash flow calculation that applies interest rates currently available for loans with similar terms. Accrued Interest Receivable The carrying amount of accrued interest receivable approximates its fair value. The following summarizes the carrying amount of these financial assets and liabilities that the Company has not recorded at fair value on a recurring basis at March 31, 2016 and December 31, 2015: March 31, 2016 Carrying Estimated Fair Value Measurements Using (In thousands) Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ $ $ $ — $ — Investment securities held-to-maturity and other investments — — Loans held for sale — — Loans receivable, net — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ $ — $ — Interest checking — — Money market and statement savings — — Certificates of deposit — — Other borrowed funds — — Accrued interest payable — — December 31, 2015 Carrying Estimated Fair Value Measurements Using (In thousands) Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ $ $ $ — $ — Investment securities held-to-maturity and other investments — Loans held for sale — — Loans receivable, net — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ $ — $ — Interest checking — — Money market and statement savings — — Certificates of deposit — — Other borrowed funds — — Accrued interest payable — —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Stock-Based Compensation
Schedule of weighted average assumptions used in estimation of the fair value of options granted as of the grant date using the Black-Scholes option-pricing model	Three Months Ended March 31, 2016 2015 Estimated option life 6.5 Years 6.5 Years Risk free interest rate 1.53% 1.73 – 1.83% Expected volatility 36.50% 36.90% Expected dividend yield 2.40% 2.46%
Summary of stock option activity	Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Shares Price Term (Years) Value Outstanding at December 31, 2015 $ Granted Exercised ) Forfeited ) Outstanding at March 31, 2016 $ $ Options exercisable at March 31, 2016 $ $
Summary of Non-vested stock options	Weighted Average Number of Grant Date Shares Fair Value Balance at December 31, 2015 $ Granted Vested ) Forfeited ) Balance at March 31, 2016 $
Summary of Restricted stock grant activity	Weighted Average Number of Grant Date Shares Fair Value Balance at December 31, 2015 $ Granted Vested ) Forfeited ) Balance at March 31, 2016 $

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Information
Schedule of information about the reportable segments and reconciliation of this information to the consolidated financial statements	At and for the Three Months Ended March 31, 2016 (in thousands): Wealth Management Commercial Mortgage and Intersegment Banking Banking Trust Services Other Elimination Consolidated Net interest income $ $ $ — $ ) $ — $ Provision for loan losses — — — — Non-interest income ) — Non-interest expense — Provision for income taxes ) — Net income (loss) $ $ $ $ ) $ — $ Total Assets $ $ $ $ $ ) $ Average Assets $ $ $ $ $ ) $ At and for the Three Months Ended March 31, 2015 (in thousands): Wealth Management Commercial Mortgage and Intersegment Banking Banking Trust Services Other Elimination Consolidated Net interest income $ $ $ — $ ) $ — $ Provision for loan losses — — — — Non-interest income — Non-interest expense — Provision for income taxes — ) — Net income (loss) $ $ $ $ ) $ — $ Total Assets $ $ $ $ $ ) $ Average Assets $ $ $ $ $ ) $

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Common Share
Schedule of calculation of basic and diluted earnings per common share	(In thousands, Three Months Ended except per share data) 2016 2015 Net income available to common shareholders $ $ Weighted average common shares - basic Weighted average common shares - diluted Earnings per common share - basic $ $ Earnings per common share - diluted $ $
Schedule of composition of basic outstanding shares	(in thousands) 2016 2015 Weighted average common shares outstanding Weighted average shares attributable to the deferred compensation plans Total weighted average shares - basic
Schedule of composition of diluted outstanding shares	Three Months Ended March 31, (in thousands) 2016 2015 Weighted average shares outstanding - basic (from above) Incremental weighted average shares attributable to deferred compensation plans Weighted average shares attributable to vested stock options Incremental shares from stock option plan — — Incremental shares from restricted stock grants — — Total weighted average shares - diluted

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Investment Securities
Schedule of approximate fair value and amortized cost of investment securities	March 31, 2016 Gross Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Investment Securities Available-for-Sale U.S. government-sponsored agencies $ $ $ — $ Mortgage-backed securities ) Municipal securities ) Total $ $ $ ) $ Investment Securities Held-to-Maturity Mortgage-backed securities $ $ — $ — $ Pooled trust preferred securities — ) Total $ $ — $ ) $ December 31, 2015 Gross Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Investment Securities Available-for-Sale U.S. government-sponsored agencies $ $ $ ) $ Mortgage-backed securities ) Municipal securities ) Total $ $ $ ) $ Investment Securities Held-to-Maturity Mortgage-backed securities $ $ — $ — $ Pooled trust preferred securities — ) Total $ $ — $ ) $
Schedule of fair value and amortized cost of investment securities by contractual maturity	March 31, 2016 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Within One Year $ $ $ — $ — After 1 year but within 5 years — — After 5 years but within 10 years — — After 10 years Mortgage-backed securities Total $ $ $ $ December 31, 2015 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (In thousands) cost Value cost Value Within One Year $ $ $ — $ — After 1 year but within 5 years — — After 5 years but within 10 years — — After 10 years Mortgage-backed securities Total $ $ $ $
Schedule of the Company's investment securities' gross unrealized losses and their fair value, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position	At March 31, 2016 Investment Securities Available-for-Sale Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Mortgage-backed securities $ $ ) $ $ ) $ $ ) Municipal securities ) ) ) Total temporarily impaired securities $ $ ) $ $ ) $ $ ) Investment Securities Held-to-Maturity Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Pooled trust preferred securities $ — $ — $ $ ) $ $ ) Total temporarily impaired securities $ — $ — $ $ ) $ $ ) At December 31, 2015 Investment Securities Available-for-Sale Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. government sponsored agencies $ $ ) $ — $ — $ $ ) Mortgage-backed securities ) ) ) Municipal securities ) ) ) Total temporarily impaired securities $ $ ) $ $ ) $ $ ) Investment Securities Held-to-Maturity Less than 12 months 12 months or more Total (In thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Pooled trust preferred securities $ — $ — $ $ ) $ $ ) Total temporarily impaired securities $ — $ — $ $ ) $ $ )
Schedule of trading securities reflected in earnings	(in thousands) March 31, 2016 December 31, 2015 Cash equivalents $ $ Mutual funds $ $

Loans Receivable and Allowanc25

Loans Receivable and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Loans Receivable and Allowance for Loan Losses
Schedule of loan portfolio	March 31, 2016 (In thousands) Originated Acquired Total Commercial and industrial $ $ $ Real estate - commercial Real estate - construction Real estate - residential Home equity lines Consumer Net deferred fees and costs ) — ) Loans receivable, net of fees Allowance for loan losses ) ) ) Loans receivable, net $ $ $ December 31, 2015 (In thousands) Originated Acquired Total Commercial and industrial $ $ $ Real estate - commercial Real estate - construction Real estate - residential Home equity lines Consumer Net deferred fees and costs ) — ) Loans receivable, net of fees Allowance for loan losses ) ) ) Loans receivable, net $ $ $
Schedule of outstanding principal balance and related carrying amount of acquired loans	(in thousands) March 31, 2016 Credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ Carrying amount Other acquired loans Outstanding principal balance Carrying amount Total acquired loans Outstanding principal balance Carrying amount (in thousands) December 31, 2015 Credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ Carrying amount Other acquired loans Outstanding principal balance Carrying amount Total acquired loans Outstanding principal balance Carrying amount
Schedule of changes in the accretable discount which includes income recognized from contractual interest cash flows	(in thousands) Balance at December 31, 2015 $ ) Charge-offs — Recoveries ) Accretion Balance at March 31, 2016 $ ) (in thousands) Balance at December 31, 2014 $ ) Charge-offs Recoveries ) Accretion ) Balance at December 31, 2015 $ )
Schedule of analysis of the change in the allowance for loan losses	2016 2015 Beginning balance, January 1 $ $ Provision for loan losses Loans charged off: Commercial and industrial ) ) Residential ) — Consumer — ) Total loans charged off ) ) Recoveries: Commercial and industrial Residential Consumer — Total recoveries Net recoveries Ending balance, March 31, $ $
Schedule of analysis of the allowance for loan losses based on loan type, or segment, and the Company's loan portfolio, which identifies certain loans that are evaluated for individual or collective impairment	Allowance for Loan Losses At and for the Three Months Ended March 31, 2016 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Allowance for loan losses: Beginning Balance, January 1 $ $ $ $ $ $ $ Charge-offs ) — — — ) — ) Recoveries — — Provision for loan losses ) ) Ending Balance, March 31, 2016 $ $ $ $ $ $ $ Ending Balance, March 31, 2016 Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment Loans Receivable At March 31, 2016 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Loans Receivable: Ending Balance, March 31, 2016 $ $ $ $ $ $ $ Ending Balance, March 31, 2016 Individually evaluated for impairment $ $ $ — $ — $ $ — $ Purchased Credit Impaired Loans — Collectively evaluated for impairment Allowance for Loan Losses For the Year Ended December 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Allowance for loan losses: Beginning Balance, January 1 $ $ $ $ $ $ $ Charge-offs ) — — ) ) ) ) Recoveries — — Provision for loan losses ) ) Ending Balance, December 31, 2015 $ $ $ $ $ $ $ Ending Balance, December 31, 2015 Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment Loans Receivable At December 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Loans Receivable: Ending Balance, December 31, 2015 $ $ $ $ $ $ $ Ending Balance, December 31, 2015 Individually evaluated for impairment $ $ $ — $ $ $ — $ Purchased Credit Impaired Loans — Collectively evaluated for impairment Allowance for Loan Losses At and for the Three Months Ended March 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Allowance for loan losses: Beginning Balance, January 1 $ $ $ $ $ $ $ Charge-offs ) — — — — ) ) Recoveries — Provision for loan losses ) ) ) Ending Balance, March 31, 2015 $ $ $ $ $ $ $ Ending Balance, March 31, 2015 Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment Loans Receivable At March 31, 2015 (In thousands) Commercial and Industrial Real Estate - Commercial Real Estate - Construction Real Estate - Residential Home Equity Lines Consumer Total Loans Receivable: Ending Balance, March 31, 2015 $ $ $ $ $ $ $ Ending Balance, March 31, 2015 Individually evaluated for impairment $ $ $ $ — $ $ — $ Purchased Credit Impaired Loans Collectively evaluated for impairment
Schedule of Company's nonaccrual and past due loans	Nonaccrual and Past Due Loans - Originated Loan Portfolio At March 31, 2016 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ — $ — $ $ — $ — Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — — — — Multi-family — — — — — — Home equity lines — — — Consumer Installment — — — — Credit cards — — — — — — $ $ $ — $ $ $ $ — $ — Nonaccrual and Past Due Loans - Acquired Loan Portfolio At March 31, 2016 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ — $ — $ $ — $ — Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — — — Multi-family — — — — — — — — Home equity lines — — — — — — Consumer Installment — — — — — — Credit cards — — — — — — — — $ — $ — $ — $ — $ $ $ — $ — Nonaccrual and Past Due Loans - Originated Loan Portfolio At December 31, 2015 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ $ $ $ — $ Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — Multi-family — — — — — — Home equity lines — — — Consumer Installment — — — — — — Credit cards — — — — — — $ $ $ $ $ $ $ — $ Nonaccrual and Past Due Loans - Acquired Loan Portfolio At December 31, 2015 (In thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due (includes nonaccrual) Total Past Due Current Total Loans 90 Days Past Due and Still Accruing Nonaccrual Loans Commercial and industrial $ — $ — $ $ $ $ — $ Real estate - commercial Owner occupied — — — — — — Non-owner occupied — — — — — — Real estate - construction Residential — — — — — — Commercial — — — — — — Real estate - residential Single family — — — — — Multi-family — — — — — — — — Home equity lines — — — — — — Consumer Installment — — — — — — Credit cards — — — — — — — — $ — $ — $ $ $ $ $ — $
Schedule of additional information on the Company's impaired loans that were evaluated for specific reserves, including the recorded investment on the statement of condition and the unpaid principal balance	Impaired Loans - Originated Loan Portfolio At March 31, 2016 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ $ $ — $ Real estate - commercial Owner occupied — — — — Non-owner occupied — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ $ $ — $ Real estate - commercial — Real estate - construction — — — — Real estate - residential — — — — Home equity lines — — Consumer — — — — Total $ $ $ — $ Impaired Loans - Acquired Loan Portfolio At March 31, 2016 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — — — Real estate - construction Residential — Commercial — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — — Real estate - construction — Real estate - residential — — — — Home equity lines — — — — Consumer — — — — Total $ $ $ — $ Impaired Loans - Originated Loan Portfolio At December 31, 2015 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ $ $ — $ Real estate - commercial Owner occupied — — — — Non-owner occupied — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — Multi-family — — — — Home equity lines — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ $ $ — $ Real estate - commercial — Real estate - construction — — — — Real estate - residential — Home equity lines — — Consumer — — — — Total $ $ $ — $ Impaired Loans - Acquired Loan Portfolio At December 31, 2015 (In thousands) Recorded Investment Unpaid Principal Balance Related Allowance Interest Income Recognized With no related allowance: Commercial and industrial $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — Real estate - construction Residential — — — — Commercial — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — With related allowance: Commercial and industrial $ — $ — $ — $ — Real estate - commercial — Owner occupied — — — — Non-owner occupied — — — — Real estate - construction — Residential — — — — Commercial — — — — Real estate - residential — Single family — — — — Multi-family — — — — Home equity lines — — — — Consumer — — — — By segment total: Commercial and industrial $ $ $ — $ — Real estate - commercial — Real estate - construction — Real estate - residential — — — — Home equity lines — — — — Consumer — — — — Total $ $ $ — $
Summary of the risk ratings by portfolio segment and class segment	Internal Risk Rating Grades - Originated Loan Portfolio At March 31, 2016 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — Real estate - construction Residential — — — — Commercial — — — Real estate - residential Single family — — — — Multi-family — — — — Home equity lines — — Consumer Installment — — — Credit cards — — — — Total Loans Receivable $ $ $ $ — $ — Internal Risk Rating Grades - Acquired Loan Portfolio At March 31, 2016 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ — $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — — — — Multi-family — — — — — Home equity lines — — — — Consumer Installment — — — — Credit cards — — — — — Total Loans Receivable $ $ $ — $ — $ — Internal Risk Rating Grades - Originated Loan Portfolio At December 31, 2015 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — — Real estate - construction Residential — — — — Commercial — — Real estate - residential Single family — — Multi-family — — — — Home equity lines — — — Consumer Installment — — — — Credit cards — — — — Total Loans Receivable $ $ $ $ — $ — Internal Risk Rating Grades - Acquired Loan Portfolio At December 31, 2015 (In thousands) Pass OLEM Substandard Doubtful Loss Commercial and industrial $ $ $ $ — $ — Real estate - commercial Owner occupied — — — — Non-owner occupied — — Real estate - construction Residential — — — — Commercial — — — — Real estate - residential Single family — — — — Multi-family — — — — — Home equity lines — — — — Consumer Installment — — — — Credit cards — — — — — Total Loans Receivable $ $ $ $ — $ —

Fair Value of Derivative Inst26

Fair Value of Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value of Derivative Instruments and Hedging Activities
Schedule of the derivative instruments' location on the Company's statement of condition and the fair value of those instruments	Derivative Instruments and Hedging Activities At March 31, 2016 (in thousands) Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative Instruments Designated within a Hedging Relationship Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ Interest Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities TBA mortgage-backed securities Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Designated Instruments Derivative Instruments Not Designated within a Hedging Relationship Rate Lock and Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ TBA mortgage-backed securities Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Undesignated Instruments Total Derivatives $ $ Derivative Instruments and Hedging Activities At December 31, 2015 (in thousands) Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative Instruments Designated within a Hedging Relationship Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ Interest Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Derivatives Designated as Hedging Instruments Derivative Instruments Not Designated within a Hedging Relationship Rate Lock and Forward Loan Sales Commitments Accrued Interest Receivable and Other Assets $ Accrued Interest Payable and Other Liabilities $ TBA mortgage-backed securities Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Rate Lock Commitments Accrued Interest Receivable and Other Assets Accrued Interest Payable and Other Liabilities Total Undesignated Instruments Total Derivatives $ $
Schedule of the gains and losses related to derivative instruments	Impact of Derivative Instruments on the Statement of Income For the Three Months Ended March 31, 2016 (in thousands) Derivatives in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Forward Loan Sales Commitments $ ) Other Income $ ) Other Income $ — Total $ ) $ ) $ — Amount of Gain (Loss) Recognized in Income on Derivative Location of Gain (Loss) Recognized in Income on Derivative Derivatives Not Designated as Hedging Instruments Rate Lock Commitment $ Realized and unrealized gains on mortgage banking activities Forward Loan Sales Commitments ) Other Income Rate Lock Commitments Other Income Total $ Impact of Derivative Instruments on the Statement of Income For the Three Months Ended March 31, 2015 (in thousands) Derivatives in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Forward Loan Sales Commitments $ ) Other Income $ Other Income $ — Total $ ) $ $ — Amount of Gain (Loss) Recognized in Income on Derivative Location of Gain (Loss) Recognized in Income on Derivative Derivatives Not Designated as Hedging Instruments Rate Lock Commitment $ Realized and unrealized gains on mortgage banking activities Forward Loan Sales Commitments ) Other Income Rate Lock Commitments Other Income Total $

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Other Intangible Assets
Schedule of information concerning total amortizable other intangible assets	Commercial Banking Mortgage Banking Total (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Balance at December 31, 2015 $ $ $ $ $ $ 2016 activity: Amortization — — — — Balance at March 31, 2016 $ $ $ $ $ $
Schedule of estimated amortization expense for the next five years and thereafter	(In thousands) 2016 (April — December) $ 2017 2018 2019 Thereafter
Schedule of the carrying amount of goodwill	(In thousands) Commercial Banking Mortgage Banking Total Balance at December 31, 2015 $ $ $ Activity: None — — — Balance at March 31, 2016 $ $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements
Schedule of assets and liabilities measured at fair value on a recurring basis	At March 31, 2016 (In Thousands) Fair Value Measurements Using Quoted Prices in Active markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Balance (Level 1) (Level 2) (Level 3) Investment securities available-for-sale: U.S. government-sponsored agencies $ $ — $ $ — Mortgage-backed securities — — Municipal securities — — Total investment securities available-for-sale — — Investment securities — trading — — Bank-owned life insurance — — Derivative asset - rate lock and forward loan sales commitments — — Derivative asset — interest rate lock commitments — — Derivative asset — TBA mortgage-backed securities — — Derivative liability - rate lock and forward loan sales commitments — — Derivative liability — interest rate lock commitments — — Derivative liability — TBA mortgage-backed securities — — At December 31, 2015 (In Thousands) Fair Value Measurements Using Quoted Prices in Active markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Balance (Level 1) (Level 2) (Level 3) Investment securities available-for-sale: U.S. government-sponsored agencies $ $ — $ $ — Mortgage-backed securities — — Municipal securities — — Total investment securities available-for-sale — — Investment securities — trading — — Bank-owned life insurance — — Derivative asset - rate lock and forward loan sales commitments — — Derivative asset — interest rate lock commitments — — Derivative asset — TBA mortgage-backed securities — — Derivative liability - rate lock and forward loan sales commitments — — Derivative liability — interest rate lock commitments — — Derivative liability — TBA mortgage-backed securities — —
Summary of the carrying amount of financial assets and liabilities that the Company has not recorded at fair value on a recurring basis	March 31, 2016 Carrying Estimated Fair Value Measurements Using (In thousands) Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ $ $ $ — $ — Investment securities held-to-maturity and other investments — — Loans held for sale — — Loans receivable, net — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ $ — $ — Interest checking — — Money market and statement savings — — Certificates of deposit — — Other borrowed funds — — Accrued interest payable — — December 31, 2015 Carrying Estimated Fair Value Measurements Using (In thousands) Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ $ $ $ — $ — Investment securities held-to-maturity and other investments — Loans held for sale — — Loans receivable, net — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ $ — $ — Interest checking — — Money market and statement savings — — Certificates of deposit — — Other borrowed funds — — Accrued interest payable — —

Organization (Details)

Organization (Details)	3 Months Ended
	Mar. 31, 2016item
Organization
Number of nonbank subsidiaries	1

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	3 Months Ended
	Mar. 31, 2016USD ($)item$ / sharesshares	Mar. 31, 2015USD ($)$ / sharesshares	Nov. 23, 2008shares	Dec. 31, 1998shares
Stock-based Compensation
Number of stock-based employee compensation plans | item	2
Total compensation cost charged against income | $	$ 1	$ 560,000
Total income tax benefit recognized in the income statement for share-based compensation arrangements | $	$ 331,000	$ 186,000
Weighted average assumptions used in estimation of fair values of options
Term of the U.S. Treasury note on which the risk free interest rate is based	7 years
Additional stock-based compensation information
Total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans | $	$ 2,900,000
Expected weighted-average period for recognition of unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans	2 years 4 months 24 days
Stock options
Stock-based Compensation
Granted (in shares)	17,000	109,250
Weighted average per share fair value of stock option grants (in dollars per share) | $ / shares	$ 5.59	$ 5.93
Weighted average assumptions used in estimation of fair values of options
Estimated option life	6 years 6 months	6 years 6 months
Risk free interest rate (as a percent)	1.53%
Risk free interest rate, low end of range (as a percent)		1.73%
Risk free interest rate, high end of range (as a percent)		1.83%
Expected volatility (as a percent)	36.50%	36.90%
Expected dividend yield (as a percent)	2.40%	2.46%
Stock option, number of shares
Outstanding at the beginning of the period (in shares)	1,023,550
Granted (in shares)	17,000	109,250
Exercised (in shares)	(4,200)
Forfeited (in shares)	(2,250)
Outstanding at the end of the period (in shares)	1,034,100
Options exercisable at the end of the period (in shares)	888,504
Stock option, weighted average exercise price
Outstanding at the beginning of the period (in dollars per share) | $ / shares	$ 14.97
Granted (in dollars per share) | $ / shares	19.18
Exercised (in dollars per share) | $ / shares	10.11
Forfeited (in dollars per share) | $ / shares	13.64
Outstanding at the end of the period (in dollars per share) | $ / shares	15.06
Options exercisable at the end of the period (in dollars per share) | $ / shares	$ 14.64
Stock option, weighted average remaining contractual term
Outstanding at the end of the period	6 years 8 months 1 day
Options exercisable at the end of the period	6 years 5 months 1 day
Stock option, aggregate intrinsic value
Outstanding at the end of the period (in dollars) | $	$ 5,471,829
Options exercisable at the end of the period (in dollars) | $	5,077,236
Intrinsic value of options exercised (in dollars) | $	$ 38,000	$ 560,000
Non-vested stock options, number of shares
Balance at the beginning of the period (in shares)	300,125
Granted (in shares)	17,000	109,250
Vested (in shares)	(170,429)
Forfeited (in shares)	(1,100)
Balance at the end of the period (in shares)	145,596
Non-vested stock options, weighted average grant date fair value
Balance at the beginning of the period (in dollars per share) | $ / shares	$ 5.67
Granted (in dollars per share) | $ / shares	5.59	$ 5.93
Vested (in dollars per share) | $ / shares	5.77
Forfeited (in dollars per share) | $ / shares	6.12
Balance at the end of the period (in dollars per share) | $ / shares	$ 5.54
Additional stock-based compensation information
The total fair value of shares that vested | $	$ 983,000,000,000	$ 900,000,000,000
Stock options | Director
Stock-based Compensation
Term	10 years
Stock options | Employee
Stock-based Compensation
Term	10 years
Percentage vesting of options on the date of grant	25.00%
Stock options | Employee | Grants exercisable after first year of service
Stock-based Compensation
Term	10 years
Increments in which the stock options vest and become fully exercisable, beginning after the first year of their service (as a percent)	20.00%
Stock options | Employee | Grants fully exercisable at the date of grant
Stock-based Compensation
Term	10 years
Percentage vesting of options on the date of grant	0.33%
Restricted stock
Restricted stock, number of shares
Balance at the beginning of the period (in shares)	65,932
Granted (in shares)	93,320
Vested (in shares)	(36,831)
Forfeited (in shares)	(400)
Balance at the end of the period (in shares)	122,021
Restricted stock, weighted average grant date fair value
Balance at the beginning of the period (in dollars per share) | $ / shares	$ 21.76
Granted (in dollars per share) | $ / shares	19.18
Vested (in dollars per share) | $ / shares	19.34
Forfeited (in dollars per share) | $ / shares	22.75
Balance at the end of the period (in dollars per share) | $ / shares	$ 20.51
Additional stock-based compensation information
The total fair value of restricted stock that vested | $	$ 714,000	$ 134,000
Restricted stock | Employee
Stock-based Compensation
Percentage vesting of options on the date of grant	0.33%
Restricted stock | Executive officer
Stock-based Compensation
Percentage vesting of options on the date of grant	0.33%
Vesting period of remaining unvested awards	2 years
Option Plan
Stock-based Compensation
Number of shares of common stock reserved for issuance				625,000
Number of shares of the company's common stock available for future grants and awards			0
Equity Plan
Stock-based Compensation
Number of shares of the company's common stock available for future grants and awards	90,855

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)segment	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	[1]
Segment reporting
Number of business segments | segment	3
Net interest income	$ 30,706	$ 27,439
Provision for loan losses	250	130
Non-interest income	15,269	17,604
Non-interest expense	26,292	24,143
Provision for income taxes	6,366	7,038
Net income	13,067	13,732
Total Assets	4,074,545	3,446,770	$ 4,029,921
Average Assets	3,996,348	3,381,660
Operating segment | Commercial Banking
Segment reporting
Net interest income	30,545	27,105
Provision for loan losses	250	130
Non-interest income	1,216	1,278
Non-interest expense	16,514	15,146
Provision for income taxes	4,757	4,215
Net income	10,240	8,892
Total Assets	3,998,561	3,371,660
Average Assets	3,937,805	3,322,472
Operating segment | Mortgage Banking
Segment reporting
Net interest income	358	511
Non-interest income	14,158	16,216
Non-interest expense	8,963	7,319
Provision for income taxes	2,000	3,434
Net income	3,553	5,974
Total Assets	406,208	358,024
Average Assets	317,034	267,313
Operating segment | Wealth Management and Trust Services
Segment reporting
Non-interest income	85	105
Non-interest expense	70	104
Provision for income taxes	5
Net income	10	1
Total Assets	513	2,391
Average Assets	2,459	2,409
Other
Segment reporting
Net interest income	(197)	(177)
Non-interest income	(190)	5
Non-interest expense	745	1,574
Provision for income taxes	(396)	(611)
Net income	(736)	(1,135)
Total Assets	457,080	415,545
Average Assets	456,132	417,547
Intersegment Elimination
Segment reporting
Total Assets	(787,817)	(700,850)
Average Assets	$ (717,082)	$ (628,081)
[1]	Derived from audited consolidated financial statements.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Calculation of basic and diluted earnings per common share
Net income available to common shareholders (in dollars)	$ 13,067	$ 13,732
Weighted average shares - basic (in shares)	32,978,000	32,635,000
Weighted average shares - diluted (in shares)	33,436,000	33,071,000
Earnings per common share - basic	$ 0.40	$ 0.42
Earnings per common share - diluted	$ 0.39	$ 0.42
Composition of basic outstanding shares
Weighted average shares outstanding	32,391,000	32,123,000
Weighted average shares attributable to the deferred compensation plans	587,000	512,000
Total weighted average shares - basic	32,978,000	32,635,000
Composition of diluted outstanding shares
Weighted-average common shares outstanding - basic	32,978,000	32,635,000
Incremental weighted average shares attributable to deferred compensation plans	312,000	259,000
Weighted average shares attributable to vested stock options	146,000	177,000
Total weighted average shares - diluted	33,436,000	33,071,000
Antidilutive outstanding stock options excluded from the weighted average shares outstanding for the diluted earnings per share calculation (in shares)	670	167
Restricted stock
Composition of diluted outstanding shares
Antidilutive outstanding stock options excluded from the weighted average shares outstanding for the diluted earnings per share calculation (in shares)	4,998	0

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment Securities Available-for-Sale
Gross Amortized cost	$ 390,422	$ 402,132
Gross Unrealized Gains	17,602	12,454
Gross Unrealized Losses	(44)	(509)
Fair Value	407,980	414,077	[1]
Investment Securities Held-to-Maturity
Gross Amortized cost	3,814	3,836
Gross Unrealized Losses	(490)	(525)
Fair Value	3,324	3,311
Available-for-Sale, Amortized cost
Within One Year	7,511	9,225
After 1 year but within 5 years	64,979	52,510
After 5 years but within 10 years	31,690	38,095
After 10 years	130,436	143,343
Mortgage-backed securities	155,806	158,959
Total	390,422	402,132
Available-for-Sale, Fair Value
Within One Year	7,613	9,382
After 1 year but within 5 years	69,075	55,120
After 5 years but within 10 years	33,372	40,243
After 10 years	134,871	146,608
Mortgage-backed securities	163,049	162,724
Fair Value	407,980	414,077	[1]
Held-to-Maturity, Amortized cost
After 10 years	3,813	3,833
Mortgage-backed securities	1	3
Total	3,814	3,836	[1]
Held-to-Maturity, Fair Value
After 10 years	3,323	3,308
Mortgage-backed securities	1	3
Fair Value	3,324	3,311
U.S. government-sponsored agencies
Investment Securities Available-for-Sale
Gross Amortized cost	65,192	70,617
Gross Unrealized Gains	2,710	2,318
Gross Unrealized Losses		(30)
Fair Value	67,902	72,905
Available-for-Sale, Fair Value
Fair Value	67,902	72,905
Mortgage-backed securities
Investment Securities Available-for-Sale
Gross Amortized cost	155,806	158,959
Gross Unrealized Gains	7,265	3,982
Gross Unrealized Losses	(22)	(217)
Fair Value	163,049	162,724
Investment Securities Held-to-Maturity
Gross Amortized cost	1	3
Fair Value	1	3
Available-for-Sale, Fair Value
Fair Value	163,049	162,724
Held-to-Maturity, Fair Value
Fair Value	1	3
Municipal securities
Investment Securities Available-for-Sale
Gross Amortized cost	169,424	172,556
Gross Unrealized Gains	7,627	6,154
Gross Unrealized Losses	(22)	(262)
Fair Value	177,029	178,448
Available-for-Sale, Fair Value
Fair Value	177,029	178,448
Pooled trust preferred securities
Investment Securities Held-to-Maturity
Gross Amortized cost	3,813	3,833
Gross Unrealized Losses	(490)	(525)
Fair Value	3,323	3,308
Held-to-Maturity, Fair Value
Fair Value	$ 3,323	$ 3,308
[1]	Derived from audited consolidated financial statements.

Investment Securities and Other

Investment Securities and Other Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Fair Value	$ 5,838	$ 87,055
Less than 12 months, Unrealized loss	(23)	(493)
12 months or more, Fair Value	885	936
12 months or more, Unrealized loss	(21)	(16)
Total Fair Value	6,723	87,991
Total Unrealized loss	(44)	(509)
Investment Securities Held-to-Maturity, Total temporary impaired securities
12 months or more, Fair Value	3,323	3,308
12 months or more, Unrealized loss	(490)	(525)
Total Fair Value	3,323	3,308
Total Unrealized loss	(490)	(525)
U.S. government-sponsored agencies
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Fair Value		9,970
Less than 12 months, Unrealized loss		(30)
Total Fair Value		9,970
Total Unrealized loss		(30)
Mortgage-backed securities
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Fair Value	358	46,772
Less than 12 months, Unrealized loss	(2)	(202)
12 months or more, Fair Value	627	677
12 months or more, Unrealized loss	(20)	(15)
Total Fair Value	985	47,449
Total Unrealized loss	(22)	(217)
Municipal securities
Investment Securities Available-for-Sale, Total temporary impaired securities
Less than 12 months, Fair Value	5,480	30,313
Less than 12 months, Unrealized loss	(21)	(261)
12 months or more, Fair Value	258	259
12 months or more, Unrealized loss	(1)	(1)
Total Fair Value	5,738	30,572
Total Unrealized loss	(22)	(262)
Pooled trust preferred securities
Investment Securities Held-to-Maturity, Total temporary impaired securities
12 months or more, Fair Value	3,323	3,308
12 months or more, Unrealized loss	(490)	(525)
Total Fair Value	3,323	3,308
Total Unrealized loss	$ (490)	$ (525)

Investment Securities- Other in

Investment Securities- Other information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Investment Securities and Other Investments
Percentage of the company's mortgage-related securities guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and the Government National Mortgage Association	99.00%
Investment	$ 3,814,000	$ 3,836,000	[1]
Other-than-temporary impairment recognized on remaining securities	0
Trading Securities	6,221,000	5,881,000	[1]
Cash and Cash Equivalents
Investment Securities and Other Investments
Trading Securities	690,000	702,000
Mutual funds
Investment Securities and Other Investments
Trading Securities	5,531,000	$ 5,179,000
Non-government non-agency mortgage-related securities
Investment Securities and Other Investments
Investment	$ 911,000,000,000
[1]	Derived from audited consolidated financial statements.

Loans Receivable and Allowanc36

Loans Receivable and Allowance for Loan Losses (Details)	3 Months Ended
	Mar. 31, 2016USD ($)item	Dec. 31, 2015USD ($)		Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Loans receivable and allowance for loan losses
Loans receivable, gross	$ 3,105,977,000	$ 3,060,836,000		$ 3,060,836,000
Net deferred fees and costs	(3,999,000)	(4,526,000)
Loans receivable, net of fees	3,101,978,000	3,056,310,000	[1]
Allowance for loan losses	(32,407,000)	(31,723,000)	[1]	(31,723,000)	$ (28,275,000)
Loans receivable, net	$ 3,069,571,000	3,024,587,000	[1]
Number of components in loan portfolio | item	2
Originated
Loans receivable and allowance for loan losses
Loans receivable, gross	$ 3,008,396,000	2,958,171,000
Net deferred fees and costs	(3,999,000)	(4,526,000)
Loans receivable, net of fees	3,004,397,000	2,953,645,000
Allowance for loan losses	(32,250,000)	(31,564,000)
Loans receivable, net	2,972,147,000	2,922,081,000
Acquired
Loans receivable and allowance for loan losses
Loans receivable, gross	97,581,000	102,665,000
Loans receivable, net of fees	97,581,000	102,665,000
Allowance for loan losses	(157,000)	(159,000)		0
Loans receivable, net	97,424,000	102,506,000
Commercial and industrial
Loans receivable and allowance for loan losses
Loans receivable, gross	363,688,000	379,687,000		379,687,000
Allowance for loan losses	(1,551,000)	(1,623,000)		(1,623,000)	(2,061,000)
Commercial and industrial | Originated
Loans receivable and allowance for loan losses
Loans receivable, gross	352,327,000	366,549,000
Commercial and industrial | Acquired
Loans receivable and allowance for loan losses
Loans receivable, gross	11,361,000	13,138,000
Real estate - commercial
Loans receivable and allowance for loan losses
Loans receivable, gross	1,559,724,000	1,500,305,000		1,500,305,000
Allowance for loan losses	(21,097,000)	(20,356,000)		(20,356,000)	(17,820,000)
Real estate - commercial | Originated
Loans receivable and allowance for loan losses
Loans receivable, gross	1,483,699,000	1,421,976,000
Real estate - commercial | Acquired
Loans receivable and allowance for loan losses
Loans receivable, gross	76,025,000	78,329,000
Real estate - construction
Loans receivable and allowance for loan losses
Loans receivable, gross	562,944,000	573,601,000		573,601,000
Allowance for loan losses	(7,714,000)	(7,877,000)		(7,877,000)	(6,105,000)
Real estate - construction | Originated
Loans receivable and allowance for loan losses
Loans receivable, gross	561,722,000	572,260,000
Real estate - construction | Acquired
Loans receivable and allowance for loan losses
Loans receivable, gross	1,222,000	1,341,000
Real estate - residential
Loans receivable and allowance for loan losses
Loans receivable, gross	453,308,000	445,766,000		445,766,000
Allowance for loan losses	(1,619,000)	(1,462,000)		(1,462,000)	(1,954,000)
Real estate - residential | Originated
Loans receivable and allowance for loan losses
Loans receivable, gross	447,021,000	439,346,000
Real estate - residential | Acquired
Loans receivable and allowance for loan losses
Loans receivable, gross	6,287,000	6,420,000
Home equity lines
Loans receivable and allowance for loan losses
Loans receivable, gross	161,480,000	156,631,000		156,631,000
Allowance for loan losses	(396,000)	(377,000)		(377,000)	(301,000)
Home equity lines | Originated
Loans receivable and allowance for loan losses
Loans receivable, gross	159,304,000	153,762,000
Home equity lines | Acquired
Loans receivable and allowance for loan losses
Loans receivable, gross	2,176,000	2,869,000
Consumer
Loans receivable and allowance for loan losses
Loans receivable, gross	4,833,000	4,846,000		4,846,000
Allowance for loan losses	(30,000)	(28,000)		$ (28,000)	$ (34,000)
Consumer | Originated
Loans receivable and allowance for loan losses
Loans receivable, gross	4,323,000	4,278,000
Consumer | Acquired
Loans receivable and allowance for loan losses
Loans receivable, gross	$ 510,000	$ 568,000
[1]	Derived from audited consolidated financial statements.

Loans Receivable and Allowanc37

Loans Receivable and Allowance for Loan Losses- Acquired (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Acquired
Loans receivable and allowance for loan losses
Outstanding principal balance	$ 102,190	$ 107,278
Carrying amount	97,581	102,665
Credit impaired acquired loans
Loans receivable and allowance for loan losses
Outstanding principal balance	9,084	10,886
Carrying amount	5,898	7,723
Other acquired loans
Loans receivable and allowance for loan losses
Outstanding principal balance	93,106	96,392
Carrying amount	$ 91,683	$ 94,942

Loans Receivable and Allowanc38

Loans Receivable and Allowance for Loan Losses- Accretion (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Changes in the accretable discount which includes income recognized from contractual interest cash flows
Balance at the beginning of the period	$ (4,613)	$ (5,053)
Charge-offs		504
Recoveries	(61)	(55)
Accretion	(65)	(9)
Balance at the end of the period	$ (4,609)	$ (4,613)

Loans Receivable and Allowanc39

Loans Receivable and Allowance for Loan Losses- Impairment Eval (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015	Dec. 31, 2015
Allowance for loan losses
Balance at the beginning of year	$ 31,723,000	[1]	$ 28,275,000
Charge-offs	(90,000)		(291,000)
Recoveries	524,000		2,351,000
Provision for loan losses	250,000		130,000
Net recoveries	434,000		479,000
Balance at the end of year	32,407,000		31,723,000
Ending Balance, Collectively evaluated for impairment	32,407,000		31,723,000
Loans Receivable
Ending Balance	3,105,977,000		3,060,836,000	$ 3,060,836,000
Ending Balance, Individually evaluated for impairment	2,831,000		7,147,000
Purchased Credit Impaired Loans	5,898,000		7,723,000
Ending Balance, Collectively evaluated for impairment	3,097,248,000		3,045,966,000
Acquired
Allowance for loan losses
Balance at the beginning of year	159,000
Balance at the end of year	157,000		0
Loans Receivable
Ending Balance	97,581,000			102,665,000
Commercial and industrial
Allowance for loan losses
Charge-offs	(39,000)		(3,000)
Recoveries	512,000		485,000
Residential
Allowance for loan losses
Charge-offs	(51,000)
Recoveries	12,000		10,000
Consumer.
Allowance for loan losses
Charge-offs			(16,000)
Recoveries			3,000
Commercial and industrial
Allowance for loan losses
Balance at the beginning of year	1,623,000		2,061,000
Charge-offs	(39,000)		(144,000)
Recoveries	11,000		485,000
Provision for loan losses	(44,000)		(779,000)
Balance at the end of year	1,551,000		1,623,000
Ending Balance, Collectively evaluated for impairment	1,551,000		1,623,000
Loans Receivable
Ending Balance	363,688,000		379,687,000	379,687,000
Ending Balance, Individually evaluated for impairment	750,000		893,000
Purchased Credit Impaired Loans	79,000		863,000
Ending Balance, Collectively evaluated for impairment	362,859,000		377,931,000
Commercial and industrial | Acquired
Loans Receivable
Ending Balance	11,361,000			13,138,000
Real estate - commercial
Allowance for loan losses
Balance at the beginning of year	20,356,000		17,820,000
Recoveries	50,000		1,802,000
Provision for loan losses	691,000		734,000
Balance at the end of year	21,097,000		20,356,000
Ending Balance, Collectively evaluated for impairment	21,097,000		20,356,000
Loans Receivable
Ending Balance	1,559,724,000		1,500,305,000	1,500,305,000
Ending Balance, Individually evaluated for impairment	2,039,000		5,616,000
Purchased Credit Impaired Loans	3,861,000		4,669,000
Ending Balance, Collectively evaluated for impairment	1,553,824,000		1,490,020,000
Real estate - commercial | Acquired
Loans Receivable
Ending Balance	76,025,000			78,329,000
Real estate - construction
Allowance for loan losses
Balance at the beginning of year	7,877,000		6,105,000
Recoveries	451,000		22,000
Provision for loan losses	(614,000)		1,750,000
Balance at the end of year	7,714,000		7,877,000
Ending Balance, Collectively evaluated for impairment	7,714,000		7,877,000
Loans Receivable
Ending Balance	562,944,000		573,601,000	573,601,000
Purchased Credit Impaired Loans	1,222,000		1,341,000
Ending Balance, Collectively evaluated for impairment	561,722,000		572,260,000
Real estate - construction | Acquired
Loans Receivable
Ending Balance	1,222,000			1,341,000
Real estate - residential
Allowance for loan losses
Balance at the beginning of year	1,462,000		1,954,000
Charge-offs			(28,000)
Recoveries	12,000		42,000
Provision for loan losses	145,000		(506,000)
Balance at the end of year	1,619,000		1,462,000
Ending Balance, Collectively evaluated for impairment	1,619,000		1,462,000
Loans Receivable
Ending Balance	453,308,000		445,766,000	445,766,000
Ending Balance, Individually evaluated for impairment			587,000
Purchased Credit Impaired Loans	261,000		338,000
Ending Balance, Collectively evaluated for impairment	453,047,000		444,841,000
Real estate - residential | Acquired
Loans Receivable
Ending Balance	6,287,000			6,420,000
Home equity lines
Allowance for loan losses
Balance at the beginning of year	377,000		301,000
Charge-offs	(51,000)		(48,000)
Provision for loan losses	70,000		124,000
Balance at the end of year	396,000		377,000
Ending Balance, Collectively evaluated for impairment	396,000		377,000
Loans Receivable
Ending Balance	161,480,000		156,631,000	156,631,000
Ending Balance, Individually evaluated for impairment	42,000		51,000
Purchased Credit Impaired Loans	475,000		512,000
Ending Balance, Collectively evaluated for impairment	160,963,000		156,068,000
Home equity lines | Acquired
Loans Receivable
Ending Balance	2,176,000			2,869,000
Consumer
Allowance for loan losses
Balance at the beginning of year	28,000		34,000
Charge-offs			(71,000)
Provision for loan losses	2,000		65,000
Balance at the end of year	30,000		28,000
Ending Balance, Collectively evaluated for impairment	30,000		28,000
Loans Receivable
Ending Balance	4,833,000		4,846,000	4,846,000
Ending Balance, Collectively evaluated for impairment	4,833,000		$ 4,846,000
Consumer | Acquired
Loans Receivable
Ending Balance	$ 510,000			$ 568,000
[1]	Derived from audited consolidated financial statements.

Loans Receivable and Allowanc40

Loans Receivable and Allowance for Loan Losses- Aging (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Nonaccrual and Past Due Loans
Total Loans	$ 3,105,977	$ 3,060,836	$ 3,060,836
Originated
Nonaccrual and Past Due Loans
Recorded Investment Past Due	163	1,047
Current	3,008,233	2,957,124
Total Loans	3,008,396	2,958,171
Nonaccrual Loans		109
Originated | Financing Receivables, 30 to 59 Days Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due	121	351
Originated | Financing Receivables, 60 to 89 Days Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due	42	587
Originated | Financing Receivables, 90 Days or More Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due		109
Acquired
Nonaccrual and Past Due Loans
Recorded Investment Past Due		342
Current	97,581	102,323
Total Loans	97,581	102,665
Nonaccrual Loans		342
Acquired | Financing Receivables, 90 Days or More Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due		342
Commercial and industrial
Nonaccrual and Past Due Loans
Total Loans	363,688	379,687	379,687
Commercial and industrial | Originated
Nonaccrual and Past Due Loans
Recorded Investment Past Due		58
Current	352,327	366,491
Total Loans	352,327	366,549
Nonaccrual Loans		58
Commercial and industrial | Originated | Financing Receivables, 90 Days or More Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due		58
Commercial and industrial | Acquired
Nonaccrual and Past Due Loans
Recorded Investment Past Due		342
Current	11,361	12,796
Total Loans	11,361	13,138
Nonaccrual Loans		342
Commercial and industrial | Acquired | Financing Receivables, 90 Days or More Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due		342
Owner occupied | Originated
Nonaccrual and Past Due Loans
Current	362,628	360,287
Total Loans	362,628	360,287
Owner occupied | Acquired
Nonaccrual and Past Due Loans
Current	35,937	37,450
Total Loans	35,937	37,450
Non-owner occupied | Originated
Nonaccrual and Past Due Loans
Current	1,121,071	1,061,689
Total Loans	1,121,071	1,061,689
Non-owner occupied | Acquired
Nonaccrual and Past Due Loans
Current	40,088	40,879
Total Loans	40,088	40,879
Residential | Originated
Nonaccrual and Past Due Loans
Current	252,242	257,679
Total Loans	252,242	257,679
Residential | Acquired
Nonaccrual and Past Due Loans
Current	740	811
Total Loans	740	811
Commercial | Originated
Nonaccrual and Past Due Loans
Current	309,480	314,581
Total Loans	309,480	314,581
Commercial | Acquired
Nonaccrual and Past Due Loans
Current	482	530
Total Loans	482	530
Single family | Originated
Nonaccrual and Past Due Loans
Recorded Investment Past Due		938
Current	263,043	250,063
Total Loans	263,043	251,001
Single family | Originated | Financing Receivables, 30 to 59 Days Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due		351
Single family | Originated | Financing Receivables, 60 to 89 Days Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due		587
Single family | Acquired
Nonaccrual and Past Due Loans
Current	6,287	6,420
Total Loans	6,287	6,420
Multi-family | Originated
Nonaccrual and Past Due Loans
Current	183,978	188,345
Total Loans	183,978	188,345
Home equity lines
Nonaccrual and Past Due Loans
Total Loans	161,480	156,631	$ 156,631
Home equity lines | Originated
Nonaccrual and Past Due Loans
Recorded Investment Past Due	158	51
Current	159,146	153,711
Total Loans	159,304	153,762
Nonaccrual Loans		51
Home equity lines | Originated | Financing Receivables, 30 to 59 Days Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due	116
Home equity lines | Originated | Financing Receivables, 60 to 89 Days Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due	42
Home equity lines | Originated | Financing Receivables, 90 Days or More Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due		51
Home equity lines | Acquired
Nonaccrual and Past Due Loans
Current	2,176	2,869
Total Loans	2,176	2,869
Installment | Originated
Nonaccrual and Past Due Loans
Recorded Investment Past Due	5
Current	3,860	3,830
Total Loans	3,865	3,830
Installment | Originated | Financing Receivables, 30 to 59 Days Past Due
Nonaccrual and Past Due Loans
Recorded Investment Past Due	5
Installment | Acquired
Nonaccrual and Past Due Loans
Current	510	568
Total Loans	510	568
Credit cards | Originated
Nonaccrual and Past Due Loans
Current	458	448
Total Loans	$ 458	$ 448

Loans Receivable and Allowanc41

Loans Receivable and Allowance for Loan Losses- Related Allowance (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Originated
Recorded Investment
Total	$ 2,831	$ 7,147
Unpaid Principal Balance
Total	3,252	8,015
Interest Income Recognized
Total	3	39
Acquired
Recorded Investment
Total	1,222	1,062
Unpaid Principal Balance
Total	1,516	1,322
Interest Income Recognized
Total	9	5
Commercial and industrial | Originated
Recorded Investment
With no related allowance	750	893
Total	750	893
Unpaid Principal Balance
With no related allowance	750	916
Total	750	916
Interest Income Recognized
With no related allowance	1	1
Total	1	1
Commercial and industrial | Acquired
Recorded Investment
With no related allowance		342
Total		342
Unpaid Principal Balance
With no related allowance		470
Total		470
Real estate - commercial | Originated
Recorded Investment
Total	2,039	5,616
Unpaid Principal Balance
Total	2,460	6,461
Interest Income Recognized
Total	2	30
Real estate - commercial | Acquired
Recorded Investment
Total	740	190
Unpaid Principal Balance
Total		225
Interest Income Recognized
Total	5	1
Non-owner occupied | Originated
Recorded Investment
With no related allowance	2,039	5,616
Unpaid Principal Balance
With no related allowance	2,460	6,461
Interest Income Recognized
With no related allowance	2	30
Non-owner occupied | Acquired
Recorded Investment
With no related allowance		190
Unpaid Principal Balance
With no related allowance		225
Interest Income Recognized
With no related allowance		1
Real estate - construction | Acquired
Recorded Investment
Total	482	530
Unpaid Principal Balance
Total	1,516	627
Interest Income Recognized
Total	4	4
Residential | Acquired
Recorded Investment
With no related allowance	740
Unpaid Principal Balance
With no related allowance	895
Interest Income Recognized
With no related allowance	5
Commercial | Acquired
Recorded Investment
With no related allowance	482	530
Unpaid Principal Balance
With no related allowance	621	627
Interest Income Recognized
With no related allowance	4	4
Real estate - residential | Originated
Recorded Investment
Total		587
Unpaid Principal Balance
Total		587
Interest Income Recognized
Total		8
Single family | Originated
Recorded Investment
With no related allowance		587
Unpaid Principal Balance
With no related allowance		587
Interest Income Recognized
With no related allowance		8
Home equity lines | Originated
Recorded Investment
With no related allowance	42	51
Total	42	51
Unpaid Principal Balance
With no related allowance	42	51
Total	$ 42	$ 51

Loans Receivable and Allowanc42

Loans Receivable and Allowance for Loan Losses- TDR (Details) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2016USD ($)loan	Mar. 31, 2016USD ($)item	Mar. 31, 2015item	Dec. 31, 2015USD ($)loan
Loans Receivable and Allowance for Loan Losses
Number of acquired loans classified as TDRs		0
Restructured loans, loan loss reserves | $	$ 0	$ 0		$ 0
Outstanding commitments to advance additional funds | $	$ 0	$ 0		$ 0
Troubled Debt Restructurings with Payment Default In The Previous Twelve Months
Number of modified loans		0	0
Number of Loans	2	0	0	2
Number of borrowers holding two TDR's		1

Loans Receivable and Allowanc43

Loans Receivable and Allowance for Loan Losses- Risk Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Internal Risk Rating Grades
Loans receivable, gross	$ 3,105,977	$ 3,060,836	$ 3,060,836
Originated
Internal Risk Rating Grades
Loans receivable, gross	3,008,396	2,958,171
Acquired
Internal Risk Rating Grades
Loans receivable, gross	97,581	102,665
Commercial and industrial
Internal Risk Rating Grades
Loans receivable, gross	363,688	379,687	379,687
Commercial and industrial | Originated
Internal Risk Rating Grades
Loans receivable, gross	352,327	366,549
Commercial and industrial | Acquired
Internal Risk Rating Grades
Loans receivable, gross	11,361	13,138
Real estate - commercial
Internal Risk Rating Grades
Loans receivable, gross	1,559,724	1,500,305	1,500,305
Real estate - commercial | Originated
Internal Risk Rating Grades
Loans receivable, gross	1,483,699	1,421,976
Real estate - commercial | Acquired
Internal Risk Rating Grades
Loans receivable, gross	76,025	78,329
Owner occupied | Originated
Internal Risk Rating Grades
Loans receivable, gross	362,628	360,287
Owner occupied | Acquired
Internal Risk Rating Grades
Loans receivable, gross	35,937	37,450
Non-owner occupied | Originated
Internal Risk Rating Grades
Loans receivable, gross	1,121,071	1,061,689
Non-owner occupied | Acquired
Internal Risk Rating Grades
Loans receivable, gross	40,088	40,879
Real estate - construction
Internal Risk Rating Grades
Loans receivable, gross	562,944	573,601	573,601
Real estate - construction | Originated
Internal Risk Rating Grades
Loans receivable, gross	561,722	572,260
Real estate - construction | Acquired
Internal Risk Rating Grades
Loans receivable, gross	1,222	1,341
Residential | Originated
Internal Risk Rating Grades
Loans receivable, gross	252,242	257,679
Residential | Acquired
Internal Risk Rating Grades
Loans receivable, gross	740	811
Commercial | Originated
Internal Risk Rating Grades
Loans receivable, gross	309,480	314,581
Commercial | Acquired
Internal Risk Rating Grades
Loans receivable, gross	482	530
Real estate - residential
Internal Risk Rating Grades
Loans receivable, gross	453,308	445,766	445,766
Real estate - residential | Originated
Internal Risk Rating Grades
Loans receivable, gross	447,021	439,346
Real estate - residential | Acquired
Internal Risk Rating Grades
Loans receivable, gross	6,287	6,420
Single family | Originated
Internal Risk Rating Grades
Loans receivable, gross	263,043	251,001
Single family | Acquired
Internal Risk Rating Grades
Loans receivable, gross	6,287	6,420
Multi-family | Originated
Internal Risk Rating Grades
Loans receivable, gross	183,978	188,345
Home equity lines
Internal Risk Rating Grades
Loans receivable, gross	161,480	156,631	156,631
Home equity lines | Originated
Internal Risk Rating Grades
Loans receivable, gross	159,304	153,762
Home equity lines | Acquired
Internal Risk Rating Grades
Loans receivable, gross	2,176	2,869
Consumer
Internal Risk Rating Grades
Loans receivable, gross	4,833	4,846	$ 4,846
Consumer | Originated
Internal Risk Rating Grades
Loans receivable, gross	4,323	4,278
Consumer | Acquired
Internal Risk Rating Grades
Loans receivable, gross	510	568
Installment | Originated
Internal Risk Rating Grades
Loans receivable, gross	3,865	3,830
Installment | Acquired
Internal Risk Rating Grades
Loans receivable, gross	510	568
Credit cards | Originated
Internal Risk Rating Grades
Loans receivable, gross	458	448
Pass | Originated
Internal Risk Rating Grades
Loans receivable, gross	2,996,673	2,942,168
Pass | Acquired
Internal Risk Rating Grades
Loans receivable, gross	94,447	96,292
Pass | Commercial and industrial | Originated
Internal Risk Rating Grades
Loans receivable, gross	350,614	364,932
Pass | Commercial and industrial | Acquired
Internal Risk Rating Grades
Loans receivable, gross	11,317	12,744
Pass | Owner occupied | Originated
Internal Risk Rating Grades
Loans receivable, gross	362,628	360,287
Pass | Owner occupied | Acquired
Internal Risk Rating Grades
Loans receivable, gross	35,937	37,450
Pass | Non-owner occupied | Originated
Internal Risk Rating Grades
Loans receivable, gross	1,115,583	1,058,293
Pass | Non-owner occupied | Acquired
Internal Risk Rating Grades
Loans receivable, gross	36,998	35,430
Pass | Residential | Originated
Internal Risk Rating Grades
Loans receivable, gross	252,242	257,679
Pass | Residential | Acquired
Internal Risk Rating Grades
Loans receivable, gross	740	811
Pass | Commercial | Originated
Internal Risk Rating Grades
Loans receivable, gross	305,121	304,580
Pass | Commercial | Acquired
Internal Risk Rating Grades
Loans receivable, gross	482
Pass | Single family | Originated
Internal Risk Rating Grades
Loans receivable, gross	263,043	250,063
Pass | Single family | Acquired
Internal Risk Rating Grades
Loans receivable, gross	6,287	6,420
Pass | Multi-family | Originated
Internal Risk Rating Grades
Loans receivable, gross	183,978	188,345
Pass | Home equity lines | Originated
Internal Risk Rating Grades
Loans receivable, gross	159,146	153,711
Pass | Home equity lines | Acquired
Internal Risk Rating Grades
Loans receivable, gross	2,176	2,869
Pass | Installment | Originated
Internal Risk Rating Grades
Loans receivable, gross	3,860	3,830
Pass | Installment | Acquired
Internal Risk Rating Grades
Loans receivable, gross	510	568
Pass | Credit cards | Originated
Internal Risk Rating Grades
Loans receivable, gross	458	448
OLEM | Originated
Internal Risk Rating Grades
Loans receivable, gross	8,892	8,856
OLEM | Acquired
Internal Risk Rating Grades
Loans receivable, gross	3,134	5,311
OLEM | Commercial and industrial | Originated
Internal Risk Rating Grades
Loans receivable, gross	963	724
OLEM | Commercial and industrial | Acquired
Internal Risk Rating Grades
Loans receivable, gross	44	52
OLEM | Non-owner occupied | Originated
Internal Risk Rating Grades
Loans receivable, gross	3,449	3,396
OLEM | Non-owner occupied | Acquired
Internal Risk Rating Grades
Loans receivable, gross	3,090	5,259
OLEM | Commercial | Originated
Internal Risk Rating Grades
Loans receivable, gross	4,359	4,385
OLEM | Single family | Originated
Internal Risk Rating Grades
Loans receivable, gross		351
OLEM | Home equity lines | Originated
Internal Risk Rating Grades
Loans receivable, gross	116
OLEM | Installment | Originated
Internal Risk Rating Grades
Loans receivable, gross	5
Substandard | Originated
Internal Risk Rating Grades
Loans receivable, gross	2,831	7,147
Substandard | Acquired
Internal Risk Rating Grades
Loans receivable, gross		1,062
Substandard | Commercial and industrial | Originated
Internal Risk Rating Grades
Loans receivable, gross	750	893
Substandard | Commercial and industrial | Acquired
Internal Risk Rating Grades
Loans receivable, gross		342
Substandard | Non-owner occupied | Originated
Internal Risk Rating Grades
Loans receivable, gross	2,039
Substandard | Non-owner occupied | Acquired
Internal Risk Rating Grades
Loans receivable, gross		190
Substandard | Commercial | Originated
Internal Risk Rating Grades
Loans receivable, gross		5,616
Substandard | Commercial | Acquired
Internal Risk Rating Grades
Loans receivable, gross		530
Substandard | Single family | Originated
Internal Risk Rating Grades
Loans receivable, gross		587
Substandard | Home equity lines | Originated
Internal Risk Rating Grades
Loans receivable, gross	$ 42	$ 51

Derivative Instruments and He44

Derivative Instruments and Hedging Activities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	[1]
Derivative Instruments and Hedging Activities
Period from closing within which loans held for sale are generally sold	30 days
Loans closed and presented as held for sale	$ 365,489,000	$ 383,768,000
Rate Lock and Forward Loan Sales Commitments
Derivative Instruments and Hedging Activities
Notional amount	423,100,000
Forward Loan Sales Commitments
Derivative Instruments and Hedging Activities
Notional amount	112,900,000
Derivatives in cash flow hedging relationships
Derivative Instruments and Hedging Activities
Loss related to hedge ineffectiveness	590,000
Derivatives in cash flow hedging relationships | Forward Loan Sales Commitments
Derivative Instruments and Hedging Activities
Accumulated other comprehensive income included an unrealized loss, net of tax	$ (930,000)
[1]	Derived from audited consolidated financial statements.

Fair Value of Derivative Inst45

Fair Value of Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	$ 25,791	$ 19,146
Liability Derivatives, Fair Value	5,221	2,458
Derivative Instruments Designated Within a Hedging Relationship
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	1,917	1,985
Liability Derivatives, Fair Value	2,532	1,896
Derivative Instruments Designated Within a Hedging Relationship | Forward Loan Sales Commitments | Accrued Interest Receivable and Other Assets
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	684	1,569
Derivative Instruments Designated Within a Hedging Relationship | Forward Loan Sales Commitments | Accrued Interest Payable and Other Liabilities
Derivative Instruments and Hedging Activities
Liability Derivatives, Fair Value	1,348	1,419
Derivative Instruments Designated Within a Hedging Relationship | Mortgage-backed securities | Accrued Interest Receivable and Other Assets
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	7
Derivative Instruments Designated Within a Hedging Relationship | Mortgage-backed securities | Accrued Interest Payable and Other Liabilities
Derivative Instruments and Hedging Activities
Liability Derivatives, Fair Value	1,093
Derivative Instruments Designated Within a Hedging Relationship | Rate Lock Commitments | Accrued Interest Receivable and Other Assets
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	1,226	416
Derivative Instruments Designated Within a Hedging Relationship | Rate Lock Commitments | Accrued Interest Payable and Other Liabilities
Derivative Instruments and Hedging Activities
Liability Derivatives, Fair Value	91	477
Derivative Instruments Not Designated Within a Hedging Relationship
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	23,874	17,161
Liability Derivatives, Fair Value	2,689	562
Derivative Instruments Not Designated Within a Hedging Relationship | Rate Lock and Forward Loan Sales Commitments | Accrued Interest Receivable and Other Assets
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	22,948	16,784
Derivative Instruments Not Designated Within a Hedging Relationship | Rate Lock and Forward Loan Sales Commitments | Accrued Interest Payable and Other Liabilities
Derivative Instruments and Hedging Activities
Liability Derivatives, Fair Value	1,347	168
Derivative Instruments Not Designated Within a Hedging Relationship | Mortgage-backed securities | Accrued Interest Receivable and Other Assets
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	9	64
Derivative Instruments Not Designated Within a Hedging Relationship | Mortgage-backed securities | Accrued Interest Payable and Other Liabilities
Derivative Instruments and Hedging Activities
Liability Derivatives, Fair Value	1,339	181
Derivative Instruments Not Designated Within a Hedging Relationship | Rate Lock Commitments | Accrued Interest Receivable and Other Assets
Derivative Instruments and Hedging Activities
Asset Derivatives, Fair Value	917	313
Derivative Instruments Not Designated Within a Hedging Relationship | Rate Lock Commitments | Accrued Interest Payable and Other Liabilities
Derivative Instruments and Hedging Activities
Liability Derivatives, Fair Value	$ 3	$ 213

Fair Value of Derivative Inst46

Fair Value of Derivative Instruments and Hedging Activities-Realized Gain (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments Not Designated Within a Hedging Relationship
Impact of Derivative Instruments on the Statement of Income
Amount of Gain (Loss) Recognized in Income on Derivative	$ 22,454	$ 19,511
Rate Lock Commitments | Derivative Instruments Not Designated Within a Hedging Relationship | Realized and unrealized gains on mortgage banking activities
Impact of Derivative Instruments on the Statement of Income
Amount of Gain (Loss) Recognized in Income on Derivative	22,454	19,511
Rate Lock Commitments | Derivative Instruments Not Designated Within a Hedging Relationship | Other Income
Impact of Derivative Instruments on the Statement of Income
Amount of Gain (Loss) Recognized in Income on Derivative	914	2,056
Forward Loan Sales Commitments | Derivative Instruments Not Designated Within a Hedging Relationship | Other Income
Impact of Derivative Instruments on the Statement of Income
Amount of Gain (Loss) Recognized in Income on Derivative	(914)	(2,056)
Derivatives in cash flow hedging relationships
Impact of Derivative Instruments on the Statement of Income
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)	(450)	(245)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	(683)	706
Derivatives in cash flow hedging relationships | Forward Loan Sales Commitments | Other Income
Impact of Derivative Instruments on the Statement of Income
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)	(450)	(245)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	$ (683)	$ 706

Goodwill and Other Intangible47

Goodwill and Other Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Gross Carrying Amount
Balance at the beginning of the period	$ 4,861
Balance at the end of the period	4,861
Accumulated Amortization
Balance at the beginning of the period	3,292
Aggregate amortization expense	161	$ 197
Balance at the end of the period	3,453
Estimated amortization expense
2016 (April - December)	433
2,017	454
2,018	313
2,019	172
Thereafter	36
Commercial Banking
Gross Carrying Amount
Balance at the beginning of the period	3,080
Balance at the end of the period	3,080
Accumulated Amortization
Balance at the beginning of the period	1,511
Aggregate amortization expense	161
Balance at the end of the period	1,672
Mortgage Banking
Gross Carrying Amount
Balance at the beginning of the period	1,781
Balance at the end of the period	1,781
Accumulated Amortization
Balance at the beginning of the period	1,781
Balance at the end of the period	$ 1,781

Goodwill and Other Intangibles-

Goodwill and Other Intangibles- Carrying Amount (Details) $ in Thousands	Mar. 31, 2016USD ($)
Goodwill
Balance at the beginning of the period	$ 35,007
Balance at the end of the period	35,007
Commercial Banking
Goodwill
Balance at the beginning of the period	24,887
Balance at the end of the period	24,887
Mortgage Banking
Goodwill
Balance at the beginning of the period	10,120
Balance at the end of the period	$ 10,120

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Commitments and Contingencies
Maximum expiration period of commitments	1 year
Standby letters of credit outstanding	$ 32,800,000
Amounts drawn	0
George Mason | Exposure to repurchase loans previously sold to investors
Commitments and Contingencies
Reserve for estimated exposure to repurchase loans previously sold to investors	0	$ 500,000
Floating rates
Commitments and Contingencies
Commitments to extend credit	1,300,000,000
Mortgage loan funding | George Mason
Commitments and Contingencies
Commitments to extend credit	$ 451,900,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value Measurements
Transfer in and out between level 1, level 2 and level 3	$ 0
Investment securities available-for-sale	407,980	$ 414,077	[1]
Investment securities - trading	6,221	5,881	[1]
U.S. government-sponsored agencies
Fair Value Measurements
Investment securities available-for-sale	67,902	72,905
Mortgage-backed securities
Fair Value Measurements
Investment securities available-for-sale	163,049	162,724
Municipal securities
Fair Value Measurements
Investment securities available-for-sale	177,029	178,448
Recurring Fair Value Measurements | Balance
Fair Value Measurements
Investment securities available-for-sale	407,980	414,077
Investment securities - trading	6,221	5,881
Bank-owned life insurance	33,102	32,978
Recurring Fair Value Measurements | Balance | Rate Lock and Forward Loan Sales Commitments
Fair Value Measurements
Derivative asset	23,632	18,353
Derivative liability	2,695	1,587
Recurring Fair Value Measurements | Balance | Rate Lock Commitments
Fair Value Measurements
Derivative asset	2,143	729
Derivative liability	94	690
Recurring Fair Value Measurements | Balance | U.S. government-sponsored agencies
Fair Value Measurements
Investment securities available-for-sale	67,902	72,905
Recurring Fair Value Measurements | Balance | Mortgage-backed securities
Fair Value Measurements
Investment securities available-for-sale	163,049	162,724
Derivative asset	16	64
Derivative liability	2,432	181
Recurring Fair Value Measurements | Balance | Municipal securities
Fair Value Measurements
Investment securities available-for-sale	177,029	178,448
Recurring Fair Value Measurements | Quoted Prices in Active markets for Identical Assets (Level 1) | Mortgage-backed securities
Fair Value Measurements
Derivative asset	16	64
Derivative liability	2,432	181
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2)
Fair Value Measurements
Investment securities available-for-sale	407,980	414,077
Investment securities - trading	6,221	5,881
Bank-owned life insurance	33,102	32,978
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Rate Lock and Forward Loan Sales Commitments
Fair Value Measurements
Derivative asset	23,632	18,353
Derivative liability	2,695	1,587
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Rate Lock Commitments
Fair Value Measurements
Derivative asset	2,143	729
Derivative liability	94	690
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | U.S. government-sponsored agencies
Fair Value Measurements
Investment securities available-for-sale	67,902	72,905
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Fair Value Measurements
Investment securities available-for-sale	163,049	162,724
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Municipal securities
Fair Value Measurements
Investment securities available-for-sale	$ 177,029	$ 178,448
[1]	Derived from audited consolidated financial statements.

Fair Value Measurements- Carryi

Fair Value Measurements- Carrying Amount (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financial liabilities:
Demand deposits	$ 687,493	$ 657,398	[1]
Other borrowed funds	437,065	537,965	[1]
Quoted Prices in Active markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	60,868	39,337
Accrued interest receivable	10,621	10,633
Financial liabilities:
Demand deposits	687,493	657,398
Interest checking	459,377	451,545
Money market and statement savings	757,620	740,372
Accrued interest payable	1,260	1,266
Significant Other Observable Inputs (Level 2)
Financial assets:
Investment securities held-to-maturity and other investments	22,735	20,970
Loans held for sale	365,489	383,768
Loans receivable, net	1,667	707
Financial liabilities:
Certificates of deposit	1,241,177	1,185,188
Other borrowed funds	446,746	540,755
Significant Unobservable Inputs (Level 3)
Financial assets:
Investment securities held-to-maturity and other investments		3,308
Loans receivable, net	3,099,238	3,004,553
Carrying Amount
Financial assets:
Cash and cash equivalents	60,868	39,337
Investment securities held-to-maturity and other investments	23,225	24,803
Loans held for sale	365,489	383,768
Loans receivable, net	3,069,571	3,024,587
Accrued interest receivable	10,621	10,633
Financial liabilities:
Demand deposits	687,493	657,398
Interest checking	459,377	451,545
Money market and statement savings	757,620	740,372
Certificates of deposit	1,240,537	1,183,456
Other borrowed funds	437,065	537,965
Accrued interest payable	1,260	1,266
Estimated Fair Value
Financial assets:
Cash and cash equivalents	60,868	39,337
Investment securities held-to-maturity and other investments	22,735	24,278
Loans held for sale	365,489	383,768
Loans receivable, net	3,100,905	3,005,260
Accrued interest receivable	10,621	10,633
Financial liabilities:
Demand deposits	687,493	657,398
Interest checking	459,377	451,545
Money market and statement savings	757,620	740,372
Certificates of deposit	1,241,177	1,185,188
Other borrowed funds	446,746	540,755
Accrued interest payable	$ 1,260	$ 1,266
[1]	Derived from audited consolidated financial statements.