First Foundation (FFWM) 10-Q 9 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 05, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	FFWM
Entity Registrant Name	First Foundation Inc.
Entity Central Index Key	1,413,837
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		16,087,941

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 52,817	$ 215,748
Securities available-for-sale (“AFS”)	548,295	565,135
Loans held for sale	260,075
Loans, net of deferred fees	1,793,002	1,765,483
Allowance for loan and lease losses (“ALLL”)	(11,000)	(10,600)
Net loans	1,782,002	1,754,883
Investment in FHLB stock	17,091	21,492
Premises and equipment, net	4,450	2,653
Deferred taxes	11,072	15,392
Real estate owned (“REO”)	334	4,036
Goodwill and intangibles	2,351	2,416
Other assets	11,686	10,824
Total Assets	2,690,173	2,592,579
Liabilities:
Deposits	1,773,106	1,522,176
Borrowings	633,000	796,000
Accounts payable and other liabilities	13,887	14,667
Total Liabilities	$ 2,419,993	$ 2,332,843
Commitments and contingencies
Shareholders’ Equity
Common Stock, par value $.001: 70,000,000 shares authorized; 16,049,131 and 15,980,526 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 16	$ 16
Additional paid-in-capital	228,506	227,262
Retained earnings	37,549	33,762
Accumulated other comprehensive income (loss), net of tax	4,109	(1,304)
Total Shareholders’ Equity	270,180	259,736
Total Liabilities and Shareholders’ Equity	$ 2,690,173	$ 2,592,579

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	16,049,131	15,980,526
Common stock, shares outstanding	16,049,131	15,980,526

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income:
Loans	$ 18,170	$ 12,101
Securities	3,121	815
FHLB stock, fed funds and deposits	407	242
Total interest income	21,698	13,158
Interest expense:
Deposits	1,795	923
Borrowings	542	364
Total interest expense	2,337	1,287
Net interest income	19,361	11,871
Provision for loan losses	400	150
Net interest income after provision for loan losses	18,961	11,721
Noninterest income:
Asset management, consulting and other fees	6,001	5,850
Other income	984	354
Total noninterest income	6,985	6,204
Noninterest expense:
Compensation and benefits	12,724	9,180
Occupancy and depreciation	2,815	1,957
Professional services and marketing costs	1,723	1,058
Other expenses	2,155	1,163
Total noninterest expense	19,417	13,358
Income before taxes on income	6,529	4,567
Taxes on income	2,742	1,941
Net income	$ 3,787	$ 2,626
Net income per share:
Basic	$ 0.24	$ 0.33
Diluted	$ 0.23	$ 0.32
Shares used in computation:
Basic	16,003,088	7,855,457
Diluted	16,467,732	8,211,145

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - Unaudited - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2015	$ 259,736	$ 16	$ 227,262	$ 33,762	$ (1,304)
Beginning balance (in shares) at Dec. 31, 2015		15,980,526
Net income	3,787			3,787
Other comprehensive income	5,413				5,413
Stock based compensation	317		317
Exercise of options	927		927
Exercise of options (in shares)		66,305
Stock grants		2,300
Ending balance at Mar. 31, 2016	$ 270,180	$ 16	$ 228,506	$ 37,549	$ 4,109
Ending balance (in shares) at Mar. 31, 2016		16,049,131

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net income		$ 3,787	$ 2,626
Other comprehensive income:
Unrealized holding gains (losses) on securities arising during the period		9,199	1,265
Other comprehensive income before tax		9,199	1,265
Income tax (expense) benefit related to items of other comprehensive income		(3,786)	(520)
Other comprehensive income		5,413	745
Reclassification adjustment for (gains) losses included in net earnings	[1]	(310)
Income tax (expense) benefit related to reclassification adjustment		130
Reclassification adjustment for (gains) losses included in net earnings, net of tax		(180)
Other comprehensive income (loss), net of tax		5,233	745
Total comprehensive income		$ 9,020	$ 3,371
[1]	Entire amounts are recognized in “Other Income” in the Consolidated Income Statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net income	$ 3,787	$ 2,626
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	400	150
Stock–based compensation expense	317	152
Depreciation and amortization	396	326
Deferred tax expense (benefit)	534	(185)
Accretion of discounts on purchased loans, net	(95)	(231)
Gain on sale of securities	(310)
(Increase) decrease in other assets	(503)	126
Decrease in accounts payable and other liabilities	(780)	(713)
Net cash provided by operating activities	3,746	2,251
Cash Flows from Investing Activities:
Net increase in loans (including changes in loans held for sale)	(287,499)	(102,506)
Proceeds from sale of REO	3,702
Purchases of premises and equipment	(2,193)	(623)
Purchase of securities AFS	(27,278)
Proceeds from sale of securities AFS	39,456
Principal payments – securities AFS	13,877	2,837
Net (purchases) redemptions of FHLB stock	4,401	(4,700)
Net cash used in investing activities	(255,534)	(104,992)
Cash Flows from Financing Activities:
Increase (decrease) in deposits	250,930	(1,797)
FHLB Advances – net increase (decrease)	(163,000)	100,000
Proceeds – term note		10,114
Proceeds from sale of stock, net	927	50
Net cash provided by financing activities	88,857	108,367
Increase (decrease) in cash and cash equivalents	(162,931)	5,626
Cash and cash equivalents at beginning of year	215,748	29,692
Cash and cash equivalents at end of period	52,817	35,318
Supplemental disclosures of cash flow information:
Interest	2,201	1,180
Income taxes	2,150	$ 750
Noncash transactions:
Transfer of loans to loans held for sale	$ 260,075

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	NOTE 1: BASIS OF PRESENTATION The consolidated financial statements include First Foundation Inc. (“FFI”) and its wholly owned subsidiaries: First Foundation Advisors (“FFA”), First Foundation Bank (“FFB” or the “Bank”) and First Foundation Insurance Services (“FFIS”), a wholly owned subsidiary of FFB (collectively referred to as the “Company”). All inter-company balances and transactions have been eliminated in consolidation. The results of operations reflect any interim adjustments, all of which are of a normal recurring nature and which, in the opinion of management, are necessary for a fair presentation of the results for the interim period presented. The results for the 2016 interim periods are not necessarily indicative of the results expected for the full year. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and prevailing practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. The accompanying unaudited consolidated financial statements include all information and footnotes required for interim financial statement presentation. Those financial statements assume that readers of this Report have read the most recent Annual Report on Form 10-K which contains the latest available audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2015. Certain reclassifications have been made to the prior year consolidated financial statements to conform to the 2016 presentation. In March 2016, Financial Accounting Standards Board (“ Accounting Standards Update (“ASU”) “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” On February 25, 2016, the FASB issued ASU 2016-02, Leases (Topic 842) The amendments in this Update are effective for interim and annual periods beginning after December 15, 2018. On January 5, 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) In September, 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”. The amendments in this update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. For public companies, this update is effective for interim and annual periods beginning after December 15, 2015, including interim periods within those fiscal periods. The adoption of ASU No. 2015-16 is not expected to have a material impact on the Company’s Consolidated Financial Statements.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 2: FAIR VALUE MEASUREMENTS Assets Measured at Fair Value on a Recurring Basis F air value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Current accounting guidance 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 fair value. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Company's own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Fair Value Measurement Level Total Level 1 Level 2 Level 3 (dollars in thousands) March 31, 2016: Investment securities available for sale: US Treasury securities $ 300 $ 300 $ — $ — Agency mortgage-backed securities 535,416 — 535,416 — Beneficial interest – FHLMC securitization 12,579 — — 12,579 Total assets at fair value on a recurring basis $ 548,295 $ 300 $ 535,416 $ 12,579 December 31, 2015: Investment securities available for sale: US Treasury securities $ 300 $ 300 $ — $ — FNMA and FHLB Agency notes 16,013 — 16,013 — Agency mortgage-backed securities 536,148 — 536,148 — Beneficial interest – FHLMC securitization 12,674 — — 12,674 Total assets at fair value on a recurring basis $ 565,135 $ 300 $ 552,161 $ 12,674 The Company did not have any material assets measured at fair value on a nonrecurring basis as of March 31, 2016 and December 31, 2015. Fair Value of Financial Instruments We have elected to use fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available for sale are measured at fair value on a recurring basis. Additionally, from time to time, we may be required to measure at fair value other assets on a nonrecurring basis, such as loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Fair value estimates are made at a discrete point in time based on relevant market information and other information about the financial instruments. Because no active market exists for a significant portion of our financial instruments, fair value estimates are based in large part on judgments we make primarily regarding current economic conditions, risk characteristics of various financial instruments, prepayment rates, and future expected loss experience. These estimates are subjective in nature and invariably involve some inherent uncertainties. Additionally, unexpected changes in events or circumstances can occur that could require us to make changes to our assumptions and which, in turn, could significantly affect and require us to make changes to our previous estimates of fair value. In addition, the fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of existing and anticipated future customer relationships and the value of assets and liabilities that are not considered financial instruments, such as premises and equipment and other real estate owned. The Company does not currently have any assets measured at fair value on a nonrecurring basis. The following methods and assumptions were used to estimate the fair value of financial instruments. Cash and Cash Equivalents . The fair value of cash and cash equivalents approximates its carrying value. Investment Securities Available for Sale . Investment securities available-for-sale are measured at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. When a market is illiquid or there is a lack of transparency around the inputs to valuation, the securities are classified as Level 3 and reliance is placed upon internally developed models, and management judgment and evaluation for valuation. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as level 3 include beneficial interests – FHLMC securitization. Significant assumptions in the valuation of these Level 3 securities as of March 31, 2016 included a prepayment rate of 15% and discount rates ranging from 4.0% to 10%. Federal Home Loan Bank and Federal Reserve Bank Stock. The Bank is a member of the Federal Home Loan Bank (the “FHLB”) and the Federal Reserve Bank of San Francisco (the “FRB”). As members, we are required to own stock of the FHLB and the FRB, the amount of which is based primarily on the level of our borrowings from those institutions. We also have the right to acquire additional shares of stock in either or both of the FHLB and the FRB; however, to date, we have not done so. The fair values of that stock are equal to their respective carrying amounts, are classified as restricted securities and are periodically evaluated for impairment based on our assessment of the ultimate recoverability of our investments in that stock. Any cash or stock dividends paid to us on such stock are reported as income. Loans . The fair value for loans with variable interest rates is the carrying amount. The fair value of fixed rate loans is derived by calculating the discounted value of future cash flows expected to be received by the various homogeneous categories of loans. All loans have been adjusted to reflect changes in credit risk. Impaired Loans . ASC 820-10 applies to loans measured for impairment in accordance with ASC 310-10, “Accounting by Creditors for Impairment of a Loan”, including impaired loans measured at an observable market price (if available), and at the fair value of the loan’s collateral (if the loan is collateral dependent) less estimated selling cost. The fair value of an impaired loan is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows. When the fair value of the collateral is based on an observable market price or a current appraised value, we measure the impaired loan at nonrecurring Level 2. When an appraised value is not available, or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price or a discounted cash flow has been used to determine the fair value, we measure the impaired loan at nonrecurring Level 3. Deposits . The fair value of demand deposits, savings deposits, and money market deposits is defined as the amounts payable on demand at quarter-end. The fair value of fixed maturity certificates of deposit is estimated based on the discounted value of the future cash flows expected to be paid on the deposits. Borrowings . The fair value of $633 million in borrowings is the carrying value of overnight FHLB advances that approximate fair value because of the short-term maturity of this instrument, resulting in a Level 2 classification. The fair value of term borrowings is derived by calculating the discounted value of future cash flows expected to be paid out by the Company. The carrying amounts and estimated fair values of financial instruments are as follows as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total March 31, 2016: Assets: Cash and cash equivalents $ 52,817 $ 52,817 $ — $ — $ 52,817 Securities AFS 548,295 300 535,416 12,579 548,295 Loans 1,782,002 — — 1,808,212 1,808,212 Loans held for sale 260,075 — — 263,326 263,326 Investment in FHLB stock 17,091 — 17,091 — 17,091 Liabilities: Deposits 1,773,106 1,296,953 476,058 — 1,773,011 Borrowings 633,000 — 633,000 — 633,000 December 31, 2015: Assets: Cash and cash equivalents $ 215,748 $ 215,748 $ — $ — $ 215,748 Securities AFS 565,135 300 552,161 12,674 565,135 Loans 1,754,883 — — 1,779,941 1,779,941 Investment in FHLB stock 21,492 — 21,492 — 21,492 Liabilities: Deposits 1,522,176 1,051,976 470,128 — 1,522,104 Borrowings 796,000 — 796,000 — 796,000

Securities

Securities	3 Months Ended
	Mar. 31, 2016
Investments Debt And Equity Securities [Abstract]
Securities	NOTE 3: SECURITIES The following table provides a summary of the Company’s securities AFS portfolio as of: Amortized Gross Unrealized Estimated (dollars in thousands) Cost Gains Losses Fair Value March 31, 2016: US Treasury securities $ 300 $ — $ — $ 300 Agency mortgage-backed securities 528,385 7,057 (26 ) 535,416 Beneficial interests in FHLMC securitization 12,627 364 (412 ) 12,579 Total $ 541,312 $ 7,421 $ (438 ) $ 548,295 December 31, 2015: US Treasury securities $ 300 $ — $ — $ 300 FNMA and FHLB Agency notes 16,108 — (95 ) 16,013 Agency mortgage-backed securities 538,269 909 (3,030 ) 536,148 Beneficial interests in FHLMC securitization 12,674 476 (476 ) 12,674 Total $ 567,351 $ 1,385 $ (3,601 ) $ 565,135 The US Treasury securities are pledged as collateral to the State of California to meet regulatory requirements related to the Bank’s trust operations. The belo indicates a o March 31, 2016 th gros unrealize losse an fai value o ou investments aggregate b investmen categor and lengt o tim tha th individua securitie hav bee i continuou unrealize los position. Securities with Unrealized Loss at March 31, 2016 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Agency mortgage backed securities $ 6,741 $ (412 ) $ — $ — $ 6,741 $ (412 ) Beneficial interests in FHLMC securitization 2,764 (26 ) — — 2,764 (26 ) Total temporarily impaired securities $ 9,505 $ (438 ) $ — $ — $ 9,505 $ (438 ) Unrealized losses on FNMA and FHLB agency notes and agency mortgage-backed securities have not been recognized into income because the issuer bonds are of high credit quality, management does not intend to sell and it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. The fair value is expected to recover as the bonds approach maturity. The scheduled maturities of securities AFS and the related weighted average yields were as follows as of March 31, 2016: (dollars in thousands) Less than 1 Through 5 Through After 10 Total Amortized Cost: US Treasury securities $ 300 $ — $ — $ — $ 300 Weighted average yield 0.45 % — % — % — % 0.45 % Estimated Fair Value: US Treasury securities $ 300 $ — $ — $ — $ 300 Agency mortgage backed securities and beneficial interests in FHLMC securitization are excluded from the above table because such securities are not due at a single maturity date. The weighted average yield of the agency mortgage backed securities and beneficial interests in FHLMC securitization as of March 31, 2016 was 2.35%.

Loans

Loans	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans	NOTE 4: LOANS The following is a summary of our loans as of: (dollars in thousands) March 31, December 31, Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 570,541 $ 627,311 Single family 537,108 533,257 Total real estate loans secured by residential properties 1,107,649 1,160,568 Commercial properties 406,815 358,791 Land and construction 21,072 12,320 Total real estate loans 1,535,536 1,531,679 Commercial and industrial loans 210,121 196,584 Consumer loans 47,390 37,206 Total loans 1,793,047 1,765,469 Premiums, discounts and deferred fees and expenses (45 ) 14 Total $ 1,793,002 $ 1,765,483 As of March 31, 2016 and December 31, 2015, the principal balances shown above are net of unaccreted discount related to loans acquired in an acquisition of $2.7 million and $2.8 million, respectively. In 2012 and 2015, the Company purchased loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of these purchased credit impaired loans is as follows for the periods indicated: (dollars in thousands) March 31, 2016 December 31, Outstanding principal balance: Loans secured by real estate: Commercial properties $ 304 $ 533 Land — 1,616 Total real estate loans 304 2,149 Commercial and industrial loans 8,366 6,787 Consumer loans 12 14 Total loans 8,682 8,950 Unaccreted discount on purchased credit impaired loans (2,230 ) (2,291 ) Total $ 6,452 $ 6,659 Accretable yield, or income expected to be collected on purchased credit impaired loans, is as follows as of: (dollars in thousands) March 31, 2016 December 31, Beginning balance $ 582 $ 130 Accretion of income (62 ) (529 ) Reclassifications from nonaccretable difference — 176 Acquisition — 805 Disposals (6 ) — Ending balance $ 514 $ 582 The following table summarizes our delinquent and nonaccrual loans as of: Past Due and Still Accruing Total Past (dollars in thousands) 30–59 Days 60-89 Days 90 Days Nonaccrual Due and Current Total March 31, 2016: Real estate loans: Residential properties $ 3,234 $ — $ — $ — $ 3,234 $ 1,104,415 $ 1,107,649 Commercial properties 378 — 790 1,730 2,898 403,917 406,815 Land and construction — — — — — 21,072 21,072 Commercial and industrial loans 7,462 2,463 5,385 2,350 17,660 192,461 210,121 Consumer loans 2,104 — 1,000 — 3,104 44,286 47,390 Total $ 13,178 $ 2,463 $ 7,175 $ 4,080 $ 26,896 $ 1,766,151 $ 1,793,047 Percentage of total loans 0.73 % 0.14 % 0.40 % 0.23 % 1.50 % December 31, 2015: Real estate loans: Residential properties $ — $ — $ — $ — $ — $ 1,160,568 $ 1,160,568 Commercial properties 1,232 — 793 1,552 3,577 355,214 358,791 Land and construction — — — — — 12,320 12,320 Commercial and industrial loans 2,425 1,639 5,713 2,509 12,286 184,298 196,584 Consumer loans 1,010 — 1,991 75 3,076 34,130 37,206 Total $ 4,667 $ 1,639 $ 8,497 $ 4,136 $ 18,939 $ 1,746,530 $ 1,765,469 Percentage of total loans 0.26 % 0.09 % 0.48 % 0.23 % 1.07 % The level of delinquent loans and nonaccrual loans have been adversely impacted by the loans acquired in an acquisition. As of March 31, 2016, of the $11.3 million in loans over 90 days past due, including loans on nonaccrual, $5.6 million, or 49.6% were loans acquired in an acquisition. Accrual of interest on loans is discontinued when reasonable doubt exists as to the full, timely collection of interest or principal and, generally, when a loan becomes contractually past due for ninety days or more with respect to principal or interest. The accrual of interest may be continued on a well-secured loan contractually past due ninety days or more with respect to principal or interest if the loan is in the process of collection or collection of the principal and interest is deemed probable. The Bank considers a loan to be impaired when, based upon current information and events, it believes it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. The determination of past due, nonaccrual or impairment status of loans acquired in an acquisition, other than loans deemed purchased impaired, is the same as loans we originate. The troubled debt restructure (“TDR”) activity during the first quarter of 2016 consisted of 2 commercial and industrial loans with a recorded investment of $0.7 million, whose payment terms were restructured. There was no TDR activity in the first quarter of 2015.

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Allowance for Loan Losses	NOTE 5: ALLOWANCE FOR LOAN LOSSES The following is a roll forward of the Bank’s allowance for loan losses for the quarters ended March 31: (dollars in thousands) Beginning Provision for Charge-offs Recoveries Ending 2016: Real estate loans: Residential properties $ 6,829 $ (357 ) $ — $ — $ 6,472 Commercial properties 1,886 474 — — 2,360 Commercial and industrial loans 1,649 140 — — 1,789 Consumer loans 236 143 — — 379 Total $ 10,600 $ 400 $ — $ — $ 11,000 2015: Real estate loans: Residential properties $ 6,586 $ (139 ) $ — $ — $ 6,447 Commercial properties 1,526 (57 ) — — 1,469 Commercial and industrial loans 1,897 183 — — 2,080 Consumer loans 141 163 — — 304 Total $ 10,150 $ 150 $ — $ — $ 10,300 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by impairment method as of: (dollars in thousands) Allowance for Loan Losses Unaccreted Evaluated for Impairment Purchased Component Individually Collectively Impaired Total Other Loans March 31, 2016: Allowance for loan losses: Real estate loans: Residential properties $ — $ 6,390 $ — $ 6,390 $ 189 Commercial properties 50 2,131 — 2,181 247 Land and construction — 261 — 261 8 Commercial and industrial loans — 1,789 — 1,789 185 Consumer loans — 379 — 379 22 Total $ 50 $ 10,950 $ — $ 11,000 $ 651 Loans: Real estate loans: Residential properties $ — $ 1,107,649 $ — $ 1,107,649 $ 15,532 Commercial properties 1,730 404,896 189 406,815 34,538 Land and construction — 21,072 — 21,072 2,162 Commercial and industrial loans 5,942 197,916 6,263 210,121 26,808 Consumer loans — 47,390 — 47,390 1,776 Total $ 7,672 $ 1,778,923 $ 6,452 $ 1,793,047 $ 80,816 December 31, 2015: Allowance for loan losses: Real estate loans: Residential properties $ — $ 6,799 $ — $ 6,799 $ 127 Commercial properties 30 1,783 — 1,813 363 Land and construction — 103 — 103 42 Commercial and industrial loans — 1,649 — 1,649 187 Consumer loans — 236 — 236 13 Total $ 30 $ 10,570 $ — $ 10,600 $ 732 Loans: Real estate loans: Residential properties $ — $ 1,160,568 $ — $ 1,160,568 $ 7,747 Commercial properties 6,275 352,162 354 358,791 43,287 Land and construction — 11,180 1,140 12,320 4,267 Commercial and industrial loans 5,687 185,732 5,165 196,584 28,231 Consumer loans 76 37,130 — 37,206 1,761 Total $ 12,038 $ 1,746,772 $ 6,659 $ 1,765,469 $ 85,293 The column labeled “Unaccreted Credit Component Other Loans” represents the amount of unaccreted credit component discount for loans acquired in an acquisition that were not classified as purchased impaired or individually evaluated for impairment as of the dates indicated, and the stated principal balance of the related loans. The unaccreted credit component discount is equal to 0.81% and 0.86% of the stated principal balance of these loans as of March 31, 2016 and December 31, 2015, respectively. In addition to this unaccreted credit component discount, an additional $0.3 million of the ALLL has been provided for these loans as of both March 31, 2016 and December 31, 2015. The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as loans secured by multifamily or commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Bank uses the following definitions for risk ratings: Pass: Loans classified as pass are strong credits with no existing or known potential weaknesses deserving of management’s close attention. Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Impaired: A loan is considered impaired, when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. Additionally, all loans classified as TDRs are considered impaired at the time they are restructured. Purchased credit impaired loans are not considered impaired loans for these purposes. Loans listed as pass include larger non-homogeneous loans not meeting the risk rating definitions above and smaller, homogeneous loans not assessed on an individual basis. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of: (dollars in thousands) Pass Special Substandard Impaired Total March 31, 2016: Real estate loans: Residential properties $ 1,103,779 $ 3,870 $ — $ — $ 1,107,649 Commercial properties 404,896 — 189 1,730 406,815 Land and construction 21,072 — — — 21,072 Commercial and industrial loans 189,808 8,108 6,263 5,942 210,121 Consumer loans 46,130 1,260 — — 47,390 Total $ 1,765,685 $ 13,238 $ 6,452 $ 7,672 $ 1,793,047 December 31, 2015: Real estate loans: Residential properties $ 1,159,029 $ 1,539 $ — $ — $ 1,160,568 Commercial properties 351,988 174 354 6,275 358,791 Land and construction 11,180 — 1,140 — 12,320 Commercial and industrial loans 180,755 4,977 5,165 5,687 196,584 Consumer loans 37,130 — — 76 37,206 Total $ 1,740,082 $ 6,690 $ 6,659 $ 12,038 $ 1,765,469 Impaired loans evaluated individually and any related allowance are as follows as of: With No Allowance Recorded With an Allowance Recorded (dollars in thousands) Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Recorded Investment Related Allowance March 31, 2016 : Real estate loans: Commercial properties $ 1,380 $ 1,380 $ 590 $ 350 $ 50 Commercial and industrial loans 5,942 5,942 — — — Total $ 7,322 $ 7,322 $ 590 $ 350 $ 50 December 31, 2015 : Real estate loans: Commercial properties $ 5,925 $ 5,925 $ 590 $ 350 $ 30 Commercial and industrial loans 7,770 5,687 — — — Consumer loans 114 76 — — — Total $ 13,809 $ 11,688 $ 590 $ 350 $ 30 The weighted average annualized average balance of the recorded investment for impaired loans, beginning from when the loan became impaired, and any interest income recorded on impaired loans after they became impaired is as follows for the: Three months Ended Year Ended (dollars in thousands) Average Recorded Investment Interest Income after Impairment Average Recorded Investment Interest Income after Impairment Real estate loans: Residential properties $ — $ — $ 27 $ 2 Commercial properties 1,734 — 6,487 281 Commercial and industrial loans 5,551 46 7,850 394 Consumer loans — — 105 — Total $ 7,285 $ 46 $ 14,469 $ 677 There was no interest income recognized on a cash basis in either 2016 or 2015 on impaired loans.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2016
Deposits [Abstract]
Deposits	NOTE 6: DEPOSITS The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: March 31, 2016 December 31, 2015 (dollars in thousands) Amount Weighted Amount Weighted Demand deposits: Noninterest-bearing $ 508,141 — $ 299,794 — Interest-bearing 243,156 0.480 % 260,167 0.359 % Money market and savings 545,656 0.609 % 492,015 0.531 % Certificates of deposits 476,153 0.582 % 470,200 0.554 % Total $ 1,773,106 0.409 % $ 1,522,176 0.404 % At March 31, 2016, of the $155.6 million of certificates of deposits of $250,000 or more, $134.5 million mature within one year and $21.1 million mature after one year. Of the $320.6 million of certificates of deposit of less than $250,000, $303.2 million mature within one year and $17.4 million mature after one year. At December 31, 2015, of the $149.2 million of certificates of deposits of $250,000 or more, $137.8 million mature within one year and $11.4 million mature after one year. Of the $321 million of certificates of deposit of less than $250,000, $292.5 million mature within one year and $28.5 million mature after one year.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Borrowings	NOTE 7: BORROWINGS At March 31, 2016, our borrowings consisted of $633.0 million of overnight FHLB advances. At December 31, 2015, our borrowings consisted of $796.0 million of overnight FHLB advances. The FHLB advances were paid in full in the early part of April 2016 and January 2016, respectively, and bore interest rates of 0.48% and 0.27%, respectively. Because the Bank utilizes overnight borrowings, the balance of outstanding borrowings fluctuates on a daily basis. The average balance of overnight borrowings during the first three months of 2016 was $505 million, as compared to $306 million during all of 2015.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 8: EARNINGS PER SHARE Basic earnings per share excludes dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock that would then share in earnings. The following table sets forth the Company’s unaudited earnings per share calculations for the quarters ended March 31: 2016 2015 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Net income $ 3,787 $ 3,787 $ 2,626 $ 2,626 Basic common shares outstanding 16,003,088 16,003,088 7,855,457 7,855,457 Effect of contingent shares issuable 796 — Effect of options and restricted stock 463,848 355,688 Diluted common shares outstanding 16,467,732 8,211,145 Earnings per share $ 0.24 $ 0.23 $ 0.33 $ 0.32 Based on a weighted average basis, options to purchase 13,250 and 79,125 shares of common stock were excluded for the quarter ended March 31, 2016 and 2015, respectively, because their effect would have been anti-dilutive.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Reporting	NOTE 9: SEGMENT REPORTING For the quarters ended March 31, 2016 and 2015, the Company had two reportable business segments: Banking (FFB) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled Other. The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods: (dollars in thousands) Banking Wealth Management Other Total Quarter ended March 31, 2016: Interest income $ 21,698 $ — $ — $ 21,698 Interest expense 2,337 — — 2,337 Net interest income 19,361 — — 19,361 Provision for loan losses 400 — — 400 Noninterest income 1,752 5,376 (143 ) 6,985 Noninterest expense 13,344 5,223 850 19,417 Income (loss) before taxes on income $ 7,369 $ 153 $ (993 ) $ 6,529 Quarter ended March 31, 2015: Interest income $ 13,158 $ — $ — $ 13,158 Interest expense 1,047 — 240 1,287 Net interest income 12,111 — (240 ) 11,871 Provision for loan losses 150 — - 150 Noninterest income 1,278 5,067 (141 ) 6,204 Noninterest expense 7,919 4,715 724 13,358 Income (loss) before taxes on income $ 5,320 $ 352 $ (1,105 ) $ 4,567

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis	The Fair Value Measurement Level Total Level 1 Level 2 Level 3 (dollars in thousands) March 31, 2016: Investment securities available for sale: US Treasury securities $ 300 $ 300 $ — $ — Agency mortgage-backed securities 535,416 — 535,416 — Beneficial interest – FHLMC securitization 12,579 — — 12,579 Total assets at fair value on a recurring basis $ 548,295 $ 300 $ 535,416 $ 12,579 December 31, 2015: Investment securities available for sale: US Treasury securities $ 300 $ 300 $ — $ — FNMA and FHLB Agency notes 16,013 — 16,013 — Agency mortgage-backed securities 536,148 — 536,148 — Beneficial interest – FHLMC securitization 12,674 — — 12,674 Total assets at fair value on a recurring basis $ 565,135 $ 300 $ 552,161 $ 12,674
Carrying Amounts and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair values of financial instruments are as follows as of: Carrying Fair Value Measurement Level (dollars in thousands) Value 1 2 3 Total March 31, 2016: Assets: Cash and cash equivalents $ 52,817 $ 52,817 $ — $ — $ 52,817 Securities AFS 548,295 300 535,416 12,579 548,295 Loans 1,782,002 — — 1,808,212 1,808,212 Loans held for sale 260,075 — — 263,326 263,326 Investment in FHLB stock 17,091 — 17,091 — 17,091 Liabilities: Deposits 1,773,106 1,296,953 476,058 — 1,773,011 Borrowings 633,000 — 633,000 — 633,000 December 31, 2015: Assets: Cash and cash equivalents $ 215,748 $ 215,748 $ — $ — $ 215,748 Securities AFS 565,135 300 552,161 12,674 565,135 Loans 1,754,883 — — 1,779,941 1,779,941 Investment in FHLB stock 21,492 — 21,492 — 21,492 Liabilities: Deposits 1,522,176 1,051,976 470,128 — 1,522,104 Borrowings 796,000 — 796,000 — 796,000

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Investments Debt And Equity Securities [Abstract]
Summary of AFS Securities Portfolio	The following table provides a summary of the Company’s securities AFS portfolio as of: Amortized Gross Unrealized Estimated (dollars in thousands) Cost Gains Losses Fair Value March 31, 2016: US Treasury securities $ 300 $ — $ — $ 300 Agency mortgage-backed securities 528,385 7,057 (26 ) 535,416 Beneficial interests in FHLMC securitization 12,627 364 (412 ) 12,579 Total $ 541,312 $ 7,421 $ (438 ) $ 548,295 December 31, 2015: US Treasury securities $ 300 $ — $ — $ 300 FNMA and FHLB Agency notes 16,108 — (95 ) 16,013 Agency mortgage-backed securities 538,269 909 (3,030 ) 536,148 Beneficial interests in FHLMC securitization 12,674 476 (476 ) 12,674 Total $ 567,351 $ 1,385 $ (3,601 ) $ 565,135
Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time	The belo indicates a o March 31, 2016 th gros unrealize losse an fai value o ou investments aggregate b investmen categor and lengt o tim tha th individua securitie hav bee i continuou unrealize los position. Securities with Unrealized Loss at March 31, 2016 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Agency mortgage backed securities $ 6,741 $ (412 ) $ — $ — $ 6,741 $ (412 ) Beneficial interests in FHLMC securitization 2,764 (26 ) — — 2,764 (26 ) Total temporarily impaired securities $ 9,505 $ (438 ) $ — $ — $ 9,505 $ (438 )
Scheduled Maturities of Securities AFS Other than Mortgage Backed Securities and the Related Weighted Average Yield	The scheduled maturities of securities AFS and the related weighted average yields were as follows as of March 31, 2016: (dollars in thousands) Less than 1 Through 5 Through After 10 Total Amortized Cost: US Treasury securities $ 300 $ — $ — $ — $ 300 Weighted average yield 0.45 % — % — % — % 0.45 % Estimated Fair Value: US Treasury securities $ 300 $ — $ — $ — $ 300

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Summary of Loans	The following is a summary of our loans as of: (dollars in thousands) March 31, December 31, Outstanding principal balance: Loans secured by real estate: Residential properties: Multifamily $ 570,541 $ 627,311 Single family 537,108 533,257 Total real estate loans secured by residential properties 1,107,649 1,160,568 Commercial properties 406,815 358,791 Land and construction 21,072 12,320 Total real estate loans 1,535,536 1,531,679 Commercial and industrial loans 210,121 196,584 Consumer loans 47,390 37,206 Total loans 1,793,047 1,765,469 Premiums, discounts and deferred fees and expenses (45 ) 14 Total $ 1,793,002 $ 1,765,483
Carrying Amount of Purchased Credit Impaired Loans	In 2012 and 2015, the Company purchased loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of these purchased credit impaired loans is as follows for the periods indicated: (dollars in thousands) March 31, 2016 December 31, Outstanding principal balance: Loans secured by real estate: Commercial properties $ 304 $ 533 Land — 1,616 Total real estate loans 304 2,149 Commercial and industrial loans 8,366 6,787 Consumer loans 12 14 Total loans 8,682 8,950 Unaccreted discount on purchased credit impaired loans (2,230 ) (2,291 ) Total $ 6,452 $ 6,659
Accretable Yield or Income Expected to be Collected on Purchased Credit Impaired Loans	Accretable yield, or income expected to be collected on purchased credit impaired loans, is as follows as of: (dollars in thousands) March 31, 2016 December 31, Beginning balance $ 582 $ 130 Accretion of income (62 ) (529 ) Reclassifications from nonaccretable difference — 176 Acquisition — 805 Disposals (6 ) — Ending balance $ 514 $ 582
Summary of Delinquent and Nonaccrual Loans	The following table summarizes our delinquent and nonaccrual loans as of: Past Due and Still Accruing Total Past (dollars in thousands) 30–59 Days 60-89 Days 90 Days Nonaccrual Due and Current Total March 31, 2016: Real estate loans: Residential properties $ 3,234 $ — $ — $ — $ 3,234 $ 1,104,415 $ 1,107,649 Commercial properties 378 — 790 1,730 2,898 403,917 406,815 Land and construction — — — — — 21,072 21,072 Commercial and industrial loans 7,462 2,463 5,385 2,350 17,660 192,461 210,121 Consumer loans 2,104 — 1,000 — 3,104 44,286 47,390 Total $ 13,178 $ 2,463 $ 7,175 $ 4,080 $ 26,896 $ 1,766,151 $ 1,793,047 Percentage of total loans 0.73 % 0.14 % 0.40 % 0.23 % 1.50 % December 31, 2015: Real estate loans: Residential properties $ — $ — $ — $ — $ — $ 1,160,568 $ 1,160,568 Commercial properties 1,232 — 793 1,552 3,577 355,214 358,791 Land and construction — — — — — 12,320 12,320 Commercial and industrial loans 2,425 1,639 5,713 2,509 12,286 184,298 196,584 Consumer loans 1,010 — 1,991 75 3,076 34,130 37,206 Total $ 4,667 $ 1,639 $ 8,497 $ 4,136 $ 18,939 $ 1,746,530 $ 1,765,469 Percentage of total loans 0.26 % 0.09 % 0.48 % 0.23 % 1.07 %

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Bank's Allowance for Loan Losses	The following is a roll forward of the Bank’s allowance for loan losses for the quarters ended March 31: (dollars in thousands) Beginning Provision for Charge-offs Recoveries Ending 2016: Real estate loans: Residential properties $ 6,829 $ (357 ) $ — $ — $ 6,472 Commercial properties 1,886 474 — — 2,360 Commercial and industrial loans 1,649 140 — — 1,789 Consumer loans 236 143 — — 379 Total $ 10,600 $ 400 $ — $ — $ 11,000 2015: Real estate loans: Residential properties $ 6,586 $ (139 ) $ — $ — $ 6,447 Commercial properties 1,526 (57 ) — — 1,469 Commercial and industrial loans 1,897 183 — — 2,080 Consumer loans 141 163 — — 304 Total $ 10,150 $ 150 $ — $ — $ 10,300
Balance in Allowance for Loan Losses and Recorded Investment in Loans by Impairment	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by impairment method as of: (dollars in thousands) Allowance for Loan Losses Unaccreted Evaluated for Impairment Purchased Component Individually Collectively Impaired Total Other Loans March 31, 2016: Allowance for loan losses: Real estate loans: Residential properties $ — $ 6,390 $ — $ 6,390 $ 189 Commercial properties 50 2,131 — 2,181 247 Land and construction — 261 — 261 8 Commercial and industrial loans — 1,789 — 1,789 185 Consumer loans — 379 — 379 22 Total $ 50 $ 10,950 $ — $ 11,000 $ 651 Loans: Real estate loans: Residential properties $ — $ 1,107,649 $ — $ 1,107,649 $ 15,532 Commercial properties 1,730 404,896 189 406,815 34,538 Land and construction — 21,072 — 21,072 2,162 Commercial and industrial loans 5,942 197,916 6,263 210,121 26,808 Consumer loans — 47,390 — 47,390 1,776 Total $ 7,672 $ 1,778,923 $ 6,452 $ 1,793,047 $ 80,816 December 31, 2015: Allowance for loan losses: Real estate loans: Residential properties $ — $ 6,799 $ — $ 6,799 $ 127 Commercial properties 30 1,783 — 1,813 363 Land and construction — 103 — 103 42 Commercial and industrial loans — 1,649 — 1,649 187 Consumer loans — 236 — 236 13 Total $ 30 $ 10,570 $ — $ 10,600 $ 732 Loans: Real estate loans: Residential properties $ — $ 1,160,568 $ — $ 1,160,568 $ 7,747 Commercial properties 6,275 352,162 354 358,791 43,287 Land and construction — 11,180 1,140 12,320 4,267 Commercial and industrial loans 5,687 185,732 5,165 196,584 28,231 Consumer loans 76 37,130 — 37,206 1,761 Total $ 12,038 $ 1,746,772 $ 6,659 $ 1,765,469 $ 85,293
Risk Category of Loans by Class of Loans	Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of: (dollars in thousands) Pass Special Substandard Impaired Total March 31, 2016: Real estate loans: Residential properties $ 1,103,779 $ 3,870 $ — $ — $ 1,107,649 Commercial properties 404,896 — 189 1,730 406,815 Land and construction 21,072 — — — 21,072 Commercial and industrial loans 189,808 8,108 6,263 5,942 210,121 Consumer loans 46,130 1,260 — — 47,390 Total $ 1,765,685 $ 13,238 $ 6,452 $ 7,672 $ 1,793,047 December 31, 2015: Real estate loans: Residential properties $ 1,159,029 $ 1,539 $ — $ — $ 1,160,568 Commercial properties 351,988 174 354 6,275 358,791 Land and construction 11,180 — 1,140 — 12,320 Commercial and industrial loans 180,755 4,977 5,165 5,687 196,584 Consumer loans 37,130 — — 76 37,206 Total $ 1,740,082 $ 6,690 $ 6,659 $ 12,038 $ 1,765,469
Individual Evaluation of Impaired Loans and Related Allowance	Impaired loans evaluated individually and any related allowance are as follows as of: With No Allowance Recorded With an Allowance Recorded (dollars in thousands) Unpaid Principal Balance Recorded Investment Unpaid Principal Balance Recorded Investment Related Allowance March 31, 2016 : Real estate loans: Commercial properties $ 1,380 $ 1,380 $ 590 $ 350 $ 50 Commercial and industrial loans 5,942 5,942 — — — Total $ 7,322 $ 7,322 $ 590 $ 350 $ 50 December 31, 2015 : Real estate loans: Commercial properties $ 5,925 $ 5,925 $ 590 $ 350 $ 30 Commercial and industrial loans 7,770 5,687 — — — Consumer loans 114 76 — — — Total $ 13,809 $ 11,688 $ 590 $ 350 $ 30
Weighted Average Annualized Balance of Recorded Investment and Interest Income on Impaired Loans	The weighted average annualized average balance of the recorded investment for impaired loans, beginning from when the loan became impaired, and any interest income recorded on impaired loans after they became impaired is as follows for the: Three months Ended Year Ended (dollars in thousands) Average Recorded Investment Interest Income after Impairment Average Recorded Investment Interest Income after Impairment Real estate loans: Residential properties $ — $ — $ 27 $ 2 Commercial properties 1,734 — 6,487 281 Commercial and industrial loans 5,551 46 7,850 394 Consumer loans — — 105 — Total $ 7,285 $ 46 $ 14,469 $ 677

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2016
Deposits [Abstract]
Summary of Outstanding Balance of Deposits and Average Rates	The following table summarizes the outstanding balance of deposits and average rates paid thereon as of: March 31, 2016 December 31, 2015 (dollars in thousands) Amount Weighted Amount Weighted Demand deposits: Noninterest-bearing $ 508,141 — $ 299,794 — Interest-bearing 243,156 0.480 % 260,167 0.359 % Money market and savings 545,656 0.609 % 492,015 0.531 % Certificates of deposits 476,153 0.582 % 470,200 0.554 % Total $ 1,773,106 0.409 % $ 1,522,176 0.404 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the Company’s unaudited earnings per share calculations for the quarters ended March 31: 2016 2015 (dollars in thousands, except per share amounts) Basic Diluted Basic Diluted Net income $ 3,787 $ 3,787 $ 2,626 $ 2,626 Basic common shares outstanding 16,003,088 16,003,088 7,855,457 7,855,457 Effect of contingent shares issuable 796 — Effect of options and restricted stock 463,848 355,688 Diluted common shares outstanding 16,467,732 8,211,145 Earnings per share $ 0.24 $ 0.23 $ 0.33 $ 0.32

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Key Operating Results of Business Segments	The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods: (dollars in thousands) Banking Wealth Management Other Total Quarter ended March 31, 2016: Interest income $ 21,698 $ — $ — $ 21,698 Interest expense 2,337 — — 2,337 Net interest income 19,361 — — 19,361 Provision for loan losses 400 — — 400 Noninterest income 1,752 5,376 (143 ) 6,985 Noninterest expense 13,344 5,223 850 19,417 Income (loss) before taxes on income $ 7,369 $ 153 $ (993 ) $ 6,529 Quarter ended March 31, 2015: Interest income $ 13,158 $ — $ — $ 13,158 Interest expense 1,047 — 240 1,287 Net interest income 12,111 — (240 ) 11,871 Provision for loan losses 150 — - 150 Noninterest income 1,278 5,067 (141 ) 6,204 Noninterest expense 7,919 4,715 724 13,358 Income (loss) before taxes on income $ 5,320 $ 352 $ (1,105 ) $ 4,567

Fair Value Measurements - Recor

Fair Value Measurements - Recorded Amounts of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 548,295	$ 565,135
U.S. Treasury Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	300	300
FNMA and FHLB Agency Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale		16,013
Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	535,416	536,148
Beneficial interest – FHLMC securitization
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	12,579	12,674
Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	548,295	565,135
Fair Value on Recurring Basis | U.S. Treasury Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	300	300
Fair Value on Recurring Basis | FNMA and FHLB Agency Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale		16,013
Fair Value on Recurring Basis | Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	535,416	536,148
Fair Value on Recurring Basis | Beneficial interest – FHLMC securitization
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	12,579	12,674
Fair Value Measurement Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	300	300
Fair Value Measurement Level 1 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	300	300
Fair Value Measurement Level 1 | Fair Value on Recurring Basis | U.S. Treasury Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	300	300
Fair Value Measurement Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	535,416	552,161
Fair Value Measurement Level 2 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	535,416	552,161
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | FNMA and FHLB Agency Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale		16,013
Fair Value Measurement Level 2 | Fair Value on Recurring Basis | Agency Mortgage-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	535,416	536,148
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	12,579	12,674
Fair Value Measurement Level 3 | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	12,579	12,674
Fair Value Measurement Level 3 | Fair Value on Recurring Basis | Beneficial interest – FHLMC securitization
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 12,579	$ 12,674

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 0
Impaired loans measured at nonrecurring basis	When the fair value of the collateral is based on an observable market price or a current appraised value, we measure the impaired loan at nonrecurring Level 2. When an appraised value is not available, or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price or a discounted cash flow has been used to determine the fair value, we measure the impaired loan at nonrecurring Level 3.
Borrowings	$ 633,000,000	$ 796,000,000
Fair Value Measurement Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Prepayment rate	15.00%
Fair Value Measurement Level 3 | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	4.00%
Fair Value Measurement Level 3 | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	10.00%
Fair Value Measurement Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Borrowings	$ 633,000,000	$ 796,000,000

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 52,817	$ 215,748	$ 35,318	$ 29,692
Securities available-for-sale (“AFS”)	548,295	565,135
Loans	1,782,002	1,754,883
Loans held for sale	260,075
Investment in FHLB stock	17,091	21,492
Liabilities:
Deposits	1,773,106	1,522,176
Borrowings	633,000	796,000
Assets Fair Value:
Cash and cash equivalents	52,817	215,748
Securities available-for-sale (“AFS”)	548,295	565,135
Loans	1,808,212	1,779,941
Loans held for sale	263,326
Investment in FHLB stock	17,091	21,492
Liabilities Fair Value:
Deposits	1,773,011	1,522,104
Borrowings	633,000	796,000
Fair Value Measurement Level 1
ASSETS
Securities available-for-sale (“AFS”)	300	300
Assets Fair Value:
Cash and cash equivalents	52,817	215,748
Securities available-for-sale (“AFS”)	300	300
Liabilities Fair Value:
Deposits	1,296,953	1,051,976
Fair Value Measurement Level 2
ASSETS
Securities available-for-sale (“AFS”)	535,416	552,161
Investment in FHLB stock	17,091	21,492
Assets Fair Value:
Securities available-for-sale (“AFS”)	535,416	552,161
Investment in FHLB stock	17,091	21,492
Liabilities Fair Value:
Deposits	476,058	470,128
Borrowings	633,000	796,000
Fair Value Measurement Level 3
ASSETS
Securities available-for-sale (“AFS”)	12,579	12,674
Assets Fair Value:
Securities available-for-sale (“AFS”)	12,579	12,674
Loans	1,808,212	$ 1,779,941
Loans held for sale	$ 263,326

Securities - Summary of AFS Sec

Securities - Summary of AFS Securities Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 541,312	$ 567,351
Gross Unrealized gains	7,421	1,385
Gross Unrealized losses	(438)	(3,601)
Estimated Fair Value	548,295	565,135
U.S. Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	300	300
Estimated Fair Value	300	300
FNMA and FHLB Agency Notes
Schedule Of Available For Sale Securities [Line Items]
Amortized cost		16,108
Gross Unrealized losses		(95)
Estimated Fair Value		16,013
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	528,385	538,269
Gross Unrealized gains	7,057	909
Gross Unrealized losses	(26)	(3,030)
Estimated Fair Value	535,416	536,148
Beneficial interest in FHLMC securitization
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	12,627	12,674
Gross Unrealized gains	364	476
Gross Unrealized losses	(412)	(476)
Estimated Fair Value	$ 12,579	$ 12,674

Securities - Schedule of Securi

Securities - Schedule of Securities in a Continuous Unrealized Loss Position Aggregated by Investment Category and Length of Time (Details) $ in Thousands	Mar. 31, 2016USD ($)
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	$ 9,505
Less than 12 months, Unrealized Loss	(438)
Total, Fair Value	9,505
Total, Unrealized Loss	(438)
Agency Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	6,741
Less than 12 months, Unrealized Loss	(412)
Total, Fair Value	6,741
Total, Unrealized Loss	(412)
Beneficial interest in FHLMC securitization
Schedule Of Available For Sale Securities [Line Items]
Less than 12 months, Fair Value	2,764
Less than 12 months, Unrealized Loss	(26)
Total, Fair Value	2,764
Total, Unrealized Loss	$ (26)

Securities - Scheduled Maturiti

Securities - Scheduled Maturities of Securities AFS Other than Mortgage Backed Securities and the Related Weighted Average Yield (Details) $ in Thousands	Mar. 31, 2016USD ($)
Schedule Of Available For Sale Securities [Line Items]
Weighted average yield, less than one year	0.45%
Weighted average yield, total	0.45%
U.S. Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Estimated fair value, less than one year	$ 300
Estimated fair value, total	300
Amortized cost, less than one year	300
Amortized cost, total	$ 300

Securities - Additional Informa

Securities - Additional Information (Details)	Mar. 31, 2016
Schedule Of Available For Sale Securities [Line Items]
Weighted average yield, total	0.45%
Agency Mortgage Backed Securities and Beneficial Interests in FHLMC Securitization
Schedule Of Available For Sale Securities [Line Items]
Weighted average yield, total	2.35%

Loans - Summary of Loans (Detai

Loans - Summary of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 1,793,047	$ 1,765,469
Premiums, discounts and deferred fees and expenses	(45)	14
Loans, net of deferred fees	1,793,002	1,765,483
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,107,649	1,160,568
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	406,815	358,791
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	210,121	196,584
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	47,390	37,206
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,535,536	1,531,679
Real Estate Loans | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,107,649	1,160,568
Real Estate Loans | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	406,815	358,791
Real Estate Loans | Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	21,072	12,320
Multifamily | Real Estate Loans | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	570,541	627,311
Single Family | Real Estate Loans | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 537,108	$ 533,257

Loans - Additional Information

Loans - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Loan	Dec. 31, 2015USD ($)	Mar. 31, 2015USD ($)
Financing Receivable Recorded Investment [Line Items]
Loans acquired	$ 2,700	$ 2,800
90 Days or More Past Due and Still Accruing	7,175	8,497
Nonaccrual Past Due and Still Accruing	$ 4,080	$ 4,136
Percentage of Total Loans Due 90 Days or More	0.40%	0.48%
Number of loans classified as troubled debt restructurings | Loan	2
Troubled debt restructuring balance	$ 700		$ 0
DCB
Financing Receivable Recorded Investment [Line Items]
90 Days or More Past Due and Still Accruing	11,300
Nonaccrual Past Due and Still Accruing	$ 5,600
Percentage of Total Loans Due 90 Days or More	49.60%

Loans - Carrying Amount of Purc

Loans - Carrying Amount of Purchased Credit Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts Notes And Loans Receivable [Line Items]
Total impaired loans	$ 8,682	$ 8,950
Unaccreted discount on purchased credit impaired loans	(2,230)	(2,291)
Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Total	6,452	6,659
Commercial Real Estate | Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Total	189	354
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total impaired loans	8,366	6,787
Commercial and Industrial Loans | Receivables Acquired with Deteriorated Credit Quality
Accounts Notes And Loans Receivable [Line Items]
Total	6,263	5,165
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total impaired loans	12	14
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total impaired loans	304	2,149
Real Estate Loans | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total impaired loans	$ 304	533
Real Estate Loans | Land
Accounts Notes And Loans Receivable [Line Items]
Total impaired loans		$ 1,616

Loans - Accretable Yield or Inc

Loans - Accretable Yield or Income Expected to be Collected on Purchased Credit Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
Beginning balance	$ 582	$ 130
Accretion of income	(62)	(529)
Reclassifications from nonaccretable difference		176
Acquisition		805
Disposals	(6)
Ending balance	$ 514	$ 582

Loans - Summary of Delinquent a

Loans - Summary of Delinquent and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	$ 26,896	$ 18,939
90 Days or More Past Due and Still Accruing	7,175	8,497
Nonaccrual Past Due and Still Accruing	4,080	4,136
Current	1,766,151	1,746,530
Total loans	$ 1,793,047	$ 1,765,469
Percentage of Total Loans Due 30-59 Days	0.73%	0.26%
Percentage of Total Loans Due 60-89 Days	0.14%	0.09%
Percentage of Total Loans Due 90 Days or More	0.40%	0.48%
Percentage of Total Loans Due Nonaccrual	0.23%	0.23%
Percentage of Total Loans	1.50%	1.07%
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 1,107,649	$ 1,160,568
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	406,815	358,791
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	17,660	12,286
90 Days or More Past Due and Still Accruing	5,385	5,713
Nonaccrual Past Due and Still Accruing	2,350	2,509
Current	192,461	184,298
Total loans	210,121	196,584
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	3,104	3,076
90 Days or More Past Due and Still Accruing	1,000	1,991
Nonaccrual Past Due and Still Accruing		75
Current	44,286	34,130
Total loans	47,390	37,206
30-59 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	13,178	4,667
30-59 Days | Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	7,462	2,425
30-59 Days | Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	2,104	1,010
60-89 Days
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	2,463	1,639
60-89 Days | Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	2,463	1,639
Real Estate Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,535,536	1,531,679
Real Estate Loans | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	3,234
Current	1,104,415	1,160,568
Total loans	1,107,649	1,160,568
Real Estate Loans | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	2,898	3,577
90 Days or More Past Due and Still Accruing	790	793
Nonaccrual Past Due and Still Accruing	1,730	1,552
Current	403,917	355,214
Total loans	406,815	358,791
Real Estate Loans | 30-59 Days | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	3,234
Real Estate Loans | 30-59 Days | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total Past Due and Nonaccrual	378	1,232
Real Estate Loans | Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Current	21,072	12,320
Total loans	$ 21,072	$ 12,320

Allowance for Loan Losses - Ban

Allowance for Loan Losses - Bank's Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	$ 10,600	$ 10,150
Provision for loan losses	400	150
Ending Balance	11,000	10,300
Residential Properties
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	6,829	6,586
Provision for loan losses	(357)	(139)
Ending Balance	6,472	6,447
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	1,886	1,526
Provision for loan losses	474	(57)
Ending Balance	2,360	1,469
Commercial and Industrial Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	1,649	1,897
Provision for loan losses	140	183
Ending Balance	1,789	2,080
Consumer Loans
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balance	236	141
Provision for loan losses	143	163
Ending Balance	$ 379	$ 304

Allowance for Loan Losses - Bal

Allowance for Loan Losses - Balance in Allowance for Loan Losses and Recorded Investment in Loans by Impairment (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable Impaired [Line Items]
Allowance for Loan Losses, Individually Evaluated for Impairment	$ 50	$ 30
Allowance for Loan Losses, Collectively Evaluated for Impairment	10,950	10,570
Total Allowance for Loan Losses	11,000	10,600
Unaccreted Credit Component Other Loans	651	732
Loans, Individually Evaluated for Impairment	7,672	12,038
Loans, Collectively Evaluated for Impairment	1,778,923	1,746,772
Total loans	1,793,047	1,765,469
Unaccreted Credit Component Other Loans	80,816	85,293
Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired	6,452	6,659
Residential Properties
Financing Receivable Impaired [Line Items]
Allowance for Loan Losses, Collectively Evaluated for Impairment	6,390	6,799
Total Allowance for Loan Losses	6,390	6,799
Unaccreted Credit Component Other Loans	189	127
Loans, Collectively Evaluated for Impairment	1,107,649	1,160,568
Total loans	1,107,649	1,160,568
Unaccreted Credit Component Other Loans	15,532	7,747
Commercial Real Estate
Financing Receivable Impaired [Line Items]
Allowance for Loan Losses, Individually Evaluated for Impairment	50	30
Allowance for Loan Losses, Collectively Evaluated for Impairment	2,131	1,783
Total Allowance for Loan Losses	2,181	1,813
Unaccreted Credit Component Other Loans	247	363
Loans, Individually Evaluated for Impairment	1,730	6,275
Loans, Collectively Evaluated for Impairment	404,896	352,162
Total loans	406,815	358,791
Unaccreted Credit Component Other Loans	34,538	43,287
Commercial Real Estate | Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired	189	354
Commercial and Industrial Loans
Financing Receivable Impaired [Line Items]
Allowance for Loan Losses, Collectively Evaluated for Impairment	1,789	1,649
Total Allowance for Loan Losses	1,789	1,649
Unaccreted Credit Component Other Loans	185	187
Loans, Individually Evaluated for Impairment	5,942	5,687
Loans, Collectively Evaluated for Impairment	197,916	185,732
Total loans	210,121	196,584
Unaccreted Credit Component Other Loans	26,808	28,231
Commercial and Industrial Loans | Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired	6,263	5,165
Consumer Loans
Financing Receivable Impaired [Line Items]
Allowance for Loan Losses, Collectively Evaluated for Impairment	379	236
Total Allowance for Loan Losses	379	236
Unaccreted Credit Component Other Loans	22	13
Loans, Individually Evaluated for Impairment		76
Loans, Collectively Evaluated for Impairment	47,390	37,130
Total loans	47,390	37,206
Unaccreted Credit Component Other Loans	1,776	1,761
Land and Construction
Financing Receivable Impaired [Line Items]
Allowance for Loan Losses, Collectively Evaluated for Impairment	261	103
Total Allowance for Loan Losses	261	103
Unaccreted Credit Component Other Loans	8	42
Loans, Collectively Evaluated for Impairment	21,072	11,180
Total loans	21,072	12,320
Unaccreted Credit Component Other Loans	$ 2,162	4,267
Land and Construction | Receivables Acquired with Deteriorated Credit Quality
Financing Receivable Impaired [Line Items]
Loans, Purchased Impaired		$ 1,140

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
Allowance of purchase impaired loans	0.81%	0.86%
Additional allowance on credit impaired loans	$ 300,000	$ 300,000
Interest income recognized on impaired loans	$ 0	$ 0

Allowance for Loan Losses - Ris

Allowance for Loan Losses - Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 1,793,047	$ 1,765,469
Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,107,649	1,160,568
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	406,815	358,791
Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	210,121	196,584
Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	47,390	37,206
Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	21,072	12,320
Pass
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,765,685	1,740,082
Pass | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,103,779	1,159,029
Pass | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	404,896	351,988
Pass | Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	189,808	180,755
Pass | Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	46,130	37,130
Pass | Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans	21,072	11,180
Special Mention
Accounts Notes And Loans Receivable [Line Items]
Total loans	13,238	6,690
Special Mention | Residential Properties
Accounts Notes And Loans Receivable [Line Items]
Total loans	3,870	1,539
Special Mention | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans		174
Special Mention | Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	8,108	4,977
Special Mention | Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,260
Substandard
Accounts Notes And Loans Receivable [Line Items]
Total loans	6,452	6,659
Substandard | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	189	354
Substandard | Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	6,263	5,165
Substandard | Land and Construction
Accounts Notes And Loans Receivable [Line Items]
Total loans		1,140
Impaired
Accounts Notes And Loans Receivable [Line Items]
Total loans	7,672	12,038
Impaired | Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Total loans	1,730	6,275
Impaired | Commercial and Industrial Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans	$ 5,942	5,687
Impaired | Consumer Loans
Accounts Notes And Loans Receivable [Line Items]
Total loans		$ 76

Allowance for Loan Losses - Ind

Allowance for Loan Losses - Individual Evaluation of Impaired Loans and Related Allowance (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded	$ 7,322	$ 13,809
Recorded Investment, With No Allowance Recorded	7,322	11,688
Unpaid Principal Balance, With an Allowance Recorded	590	590
Recorded Investment, With an Allowance Recorded	350	350
Related Allowance, With an Allowance Recorded	50	30
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded	1,380	5,925
Recorded Investment, With No Allowance Recorded	1,380	5,925
Unpaid Principal Balance, With an Allowance Recorded	590	590
Recorded Investment, With an Allowance Recorded	350	350
Related Allowance, With an Allowance Recorded	50	30
Commercial and Industrial Loans
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded	5,942	7,770
Recorded Investment, With No Allowance Recorded	$ 5,942	5,687
Consumer Loans
Financing Receivable Modifications [Line Items]
Unpaid Principal Balance, With No Allowance Recorded		114
Recorded Investment, With No Allowance Recorded		$ 76

Allowance for Loan Losses - Wei

Allowance for Loan Losses - Weighted Average Annualized Balance of Recorded Investment and Interest Income on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable Modifications [Line Items]
Average Recorded Investment	$ 7,285	$ 14,469
Interest Income after Impairment	46	677
Residential Properties
Financing Receivable Modifications [Line Items]
Average Recorded Investment		27
Interest Income after Impairment		2
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Average Recorded Investment	1,734	6,487
Interest Income after Impairment		281
Commercial and Industrial Loans
Financing Receivable Modifications [Line Items]
Average Recorded Investment	5,551	7,850
Interest Income after Impairment	$ 46	394
Consumer Loans
Financing Receivable Modifications [Line Items]
Average Recorded Investment		$ 105

Deposits - Summary of Outstandi

Deposits - Summary of Outstanding Balance of Deposits and Average Rates (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deposits [Abstract]
Demand deposits, Noninterest-bearing	$ 508,141	$ 299,794
Demand deposits, Interest-bearing	243,156	260,167
Money market and savings	545,656	492,015
Certificates of deposits	476,153	470,200
Total	$ 1,773,106	$ 1,522,176
Demand deposits, Interest-bearing, Weighted Average Rate	0.48%	0.359%
Money market and savings, Weighted Average Rate	0.609%	0.531%
Certificates of deposits, Weighted Average Rate	0.582%	0.554%
Total, Weighted Average Rate	0.409%	0.404%

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Deposits [Abstract]
Certificates of deposits of $250,000 or more, maturities within one year	$ 134.5	$ 137.8
Certificates of deposits of $250,000 or more, maturities after one year	21.1	11.4
Certificates of deposits of $250,000 or more, total	155.6	149.2
Certificates of deposit of less than $ 250,000, maturities within one year	303.2	292.5
Certificates of deposit of less than $ 250,000, maturities after one year	17.4	28.5
Certificates of deposit of less than $250,000, total	$ 320.6	$ 321

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Overnight FHLB advances	$ 633	$ 796
FHLB advances interest rates	0.48%	0.27%
FHLB, average balance of overnight borrowings	$ 505	$ 306

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net income, Basic	$ 3,787	$ 2,626
Basic common shares outstanding	16,003,088	7,855,457
Earnings per share, Basic	$ 0.24	$ 0.33
Net income, Diluted	$ 3,787	$ 2,626
Effect of contingent shares issuable	796
Effect of options and restricted stock	463,848	355,688
Diluted common shares outstanding	16,467,732	8,211,145
Earnings per share, Diluted	$ 0.23	$ 0.32

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from computation of earnings per share	13,250	79,125

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) - Segment	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting [Abstract]
Reportable business segments	2	2

Segment Reporting - Key Operati

Segment Reporting - Key Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Interest income	$ 21,698	$ 13,158
Interest expense	2,337	1,287
Net interest income	19,361	11,871
Provision for loan losses	400	150
Noninterest income	6,985	6,204
Noninterest expense	19,417	13,358
Income before taxes on income	6,529	4,567
Operating Segments | Banking
Segment Reporting Information [Line Items]
Interest income	21,698	13,158
Interest expense	2,337	1,047
Net interest income	19,361	12,111
Provision for loan losses	400	150
Noninterest income	1,752	1,278
Noninterest expense	13,344	7,919
Income before taxes on income	7,369	5,320
Operating Segments | Wealth Management
Segment Reporting Information [Line Items]
Noninterest income	5,376	5,067
Noninterest expense	5,223	4,715
Income before taxes on income	153	352
Other
Segment Reporting Information [Line Items]
Interest expense		240
Net interest income		(240)
Noninterest income	(143)	(141)
Noninterest expense	850	724
Income before taxes on income	$ (993)	$ (1,105)