Bankwell Financial (BWFG) 10-Q 9 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	Bankwell Financial Group, Inc.
Entity Central Index Key	1,505,732
Trading Symbol	bwfg
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,684,450
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS - (

CONSOLIDATED BALANCE SHEETS - (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 84,802	$ 96,026
Federal funds sold	1,185	329
Cash and cash equivalents	85,987	96,355
Available for sale investment securities, at fair value	90,951	87,751
Held to maturity investment securities, at amortized cost	23,615	16,859
Loans held for sale		254
Loans receivable (net of allowance for loan losses of $19,536 at June 30, 2017 and $17,982 at December 31, 2016)	1,463,240	1,343,895
Foreclosed real estate	222	272
Accrued interest receivable	5,239	4,958
Federal Home Loan Bank stock, at cost	8,033	7,943
Premises and equipment, net	17,366	17,835
Bank-owned life insurance	39,034	33,448
Goodwill	2,589	2,589
Other intangible assets	438	501
Deferred income taxes, net	8,957	9,085
Other assets	10,133	7,174
Total assets	1,755,804	1,628,919
Deposits
Noninterest bearing deposits	176,495	187,593
Interest bearing deposits	1,237,790	1,101,444
Total deposits	1,414,285	1,289,037
Advances from the Federal Home Loan Bank	150,000	160,000
Subordinated debentures	25,077	25,051
Accrued expenses and other liabilities	12,865	8,936
Total liabilities	1,602,227	1,483,024
Commitments and Contingencies
Shareholders' equity
Common stock, no par value; 10,000,000 shares authorized, 7,673,850 and 7,620,663 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	116,502	115,353
Retained earnings	36,053	29,652
Accumulated other comprehensive income	1,022	890
Total shareholders' equity	153,577	145,895
Total liabilities and shareholders' equity	$ 1,755,804	$ 1,628,919

CONSOLIDATED BALANCE SHEETS - 3

CONSOLIDATED BALANCE SHEETS - (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for loan losses (in dollars)	$ 19,536	$ 17,982
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	7,673,850	7,620,663

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest and dividend income
Interest and fees on loans	$ 16,660	$ 13,970	$ 32,173	$ 27,253
Interest and dividends on securities	880	711	1,689	1,395
Interest on cash and cash equivalents	148	30	262	67
Total interest income	17,688	14,711	34,124	28,715
Interest expense
Interest expense on deposits	3,095	1,962	5,676	3,702
Interest on borrowings	952	870	1,859	1,736
Total interest expense	4,047	2,832	7,535	5,438
Net interest income	13,641	11,879	26,589	23,277
Provision for loan losses	895	1,301	1,438	1,947
Net interest income after provision for loan losses	12,746	10,578	25,151	21,330
Noninterest income
Bank owned life insurance	295	174	586	348
Service charges and fees	261	235	501	480
Gains and fees from sales of loans	199	114	523	224
Gain on sale of foreclosed real estate, net		128		128
Net gain on sale of available for sale securities		92	165	92
Other	243	110	489	253
Total noninterest income	998	853	2,264	1,525
Noninterest expense
Salaries and employee benefits	3,800	3,747	7,729	7,484
Occupancy and equipment	1,439	1,392	3,131	2,800
Professional services	523	370	935	736
Data processing	401	377	846	784
Marketing	311	263	577	402
FDIC insurance	243	168	626	337
Director fees	243	210	476	439
Foreclosed real estate	60	30	67	102
Amortization of intangibles	31	40	62	80
Other	530	618	1,366	1,131
Total noninterest expense	7,581	7,215	15,815	14,295
Income before income tax expense	6,163	4,216	11,600	8,560
Income tax expense	2,394	1,320	4,129	2,673
Net income	$ 3,769	$ 2,896	$ 7,471	$ 5,887
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.49	$ 0.38	$ 0.98	$ 0.78
Diluted (in dollars per share)	$ 0.49	$ 0.38	$ 0.97	$ 0.78
Weighted Average Common Shares Outstanding:
Basic (in shares)	7,550,734	7,387,712	7,538,069	7,383,965
Diluted (in shares)	7,645,930	7,467,954	7,638,350	7,446,456
Dividends per common share (in dollars per share)	$ 0.07	$ 0.05	$ 0.14	$ 0.10

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 3,769	$ 2,896	$ 7,471	$ 5,887
Unrealized gains on securities:
Unrealized holding gains on available for sale securities	293	332	453	1,357
Reclassification adjustment for gain realized in net income		(92)	(165)	(92)
Net change in unrealized gains	293	240	288	1,265
Income tax expense	(103)	(84)	(101)	(443)
Unrealized gains on securities, net of tax	190	156	187	822
Unrealized losses on interest rate swaps:
Unrealized losses on interest rate swaps designated as cash flow hedges	(302)	(643)	(84)	(2,051)
Income tax benefit	105	225	29	718
Unrealized losses on interest rate swaps, net of tax	(197)	(418)	(55)	(1,333)
Total other comprehensive (loss) income, net of tax	(7)	(262)	132	(511)
Comprehensive income	$ 3,762	$ 2,634	$ 7,603	$ 5,376

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - (UNAUDITED) - USD ($) $ in Thousands	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2015	$ 112,579	$ 18,963	$ 227	$ 131,769
Balance (in shares) at Dec. 31, 2015	7,516,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		5,887		5,887
Other comprehensive income (loss), net of tax			(511)	(511)
Cash dividends declared ($0.14 and $0.10 per share for June 30, 2017 and 2016 respectively)		(753)		(753)
Stock-based compensation expense	$ 506			506
Forfeitures of restricted stock (in shares)	(633)
Issuance of restricted stock (in shares)	14,300
Stock options exercised	$ 224			224
Stock options exercised (in shares)	14,500
Balance at Jun. 30, 2016	$ 113,309	24,097	(284)	137,122
Balance (in shares) at Jun. 30, 2016	7,544,458
Balance at Dec. 31, 2016	$ 115,353	29,652	890	145,895
Balance (in shares) at Dec. 31, 2016	7,620,663
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		7,471		7,471
Other comprehensive income (loss), net of tax			132	132
Cash dividends declared ($0.14 and $0.10 per share for June 30, 2017 and 2016 respectively)		(1,070)		(1,070)
Stock-based compensation expense	$ 434			434
Forfeitures of restricted stock (in shares)	(14,774)
Issuance of restricted stock (in shares)	28,250
Warrants exercised	$ 200			200
Warrants exercised (in shares)	11,200
Stock options exercised	$ 515			515
Stock options exercised (in shares)	28,511
Balance at Jun. 30, 2017	$ 116,502	$ 36,053	$ 1,022	$ 153,577
Balance (in shares) at Jun. 30, 2017	7,673,850

CONSOLIDATED STATEMENTS OF SHA7

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - (UNAUDITED) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.07	$ 0.05	$ 0.14	$ 0.10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities
Net income	$ 7,471	$ 5,887
Adjustments to reconcile net income to net cash provided by operating activities:
Net (accretion) amortization of premiums and discounts on investment securities	(17)	369
Provision for loan losses	1,438	1,947
Provision for (benefit from) deferred taxes	56	(875)
Net gain on sales of available for sale securities	(165)	(92)
Depreciation and amortization	760	865
Increase in cash surrender value of bank-owned life insurance	(586)	(348)
Loan principal sold	(9,543)	(3,555)
Proceeds from sales of loans	10,319	3,779
Net gain on sales of loans	(523)	(224)
Stock-based compensation	434	506
Net accretion of purchase accounting adjustments	(49)	(73)
Gain on sale and write-downs of foreclosed real estate	50	62
Amortization of debt issuance costs	26	26
Net change in:
Deferred loan fees	(550)	304
Accrued interest receivable	(281)	(637)
Other assets	(2,920)	(2,736)
Accrued expenses and other liabilities	3,929	1,721
Net cash provided by operating activities	9,849	6,926
Cash flows from investing activities
Proceeds from principal repayments on available for sale securities	2,003	650
Proceeds from principal repayments on held to maturity securities	98	104
Net proceeds from sales and calls of available for sale securities	49,555	8,308
Purchases of available for sale securities	(54,290)	(51,228)
Purchases of held to maturity securities	(6,852)	(6,835)
Purchase of bank-owned life insurance	(5,000)
Net increase in loans	(120,260)	(129,494)
Purchases of premises and equipment	(291)	(361)
Purchase of Federal Home Loan Bank stock	(90)	(839)
Proceeds from sale of foreclosed real estate		694
Net cash used by investing activities	(135,127)	(179,001)
Cash flows from financing activities
Net change in time certificates of deposit	53,451	107,009
Net change in other deposits	71,814	26,675
Net change in FHLB advances	(10,000)	45,000
Proceeds from exercise of warrants	200
Proceeds from exercise of options	515	224
Dividends paid on common stock	(1,070)	(753)
Net cash provided by financing activities	114,910	178,155
Net (decrease) increase in cash and cash equivalents	(10,368)	6,080
Cash and cash equivalents:
Beginning of year	96,355	88,597
End of period	85,987	94,677
Cash paid for:
Interest	7,528	5,405
Income taxes	3,565	4,479
Supplemental disclosures of non-cash investing activities:
Net change in unrealized gains on available-for-sale securities	$ 288	$ 1,265

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. Nature of Operations and Summary of Significant Accounting Policies Bankwell Financial Group, Inc. (the “Company” or “Bankwell”) is a bank holding company headquartered in New Canaan, Connecticut. The Company offers a broad range of financial services through its banking subsidiary, Bankwell Bank (the “Bank”). The Bank was originally chartered as two separate banks, The Bank of New Canaan (“BNC”) and The Bank of Fairfield (“TBF”). In September 2013, BNC and TBF were merged and rebranded as “Bankwell Bank.” In November 2013, the Bank acquired The Wilton Bank (“Wilton”), which added one branch and approximately $25.1 million in loans and $64.2 million in deposits. In October 2014, the Bank acquired Quinnipiac Bank and Trust Company (“Quinnipiac”) which added two branches and approximately $97.8 million in loans and $100.6 million in deposits. On May 15, 2014, the Company priced 2,702,703 common shares in its initial public offering (“IPO”) at $18.00 per share and Bankwell common shares began trading on the Nasdaq Stock Market. The Company issued a total of 2,702,703 common shares in its IPO, which closed on May 20, 2014. The net proceeds from the IPO were approximately $44.7 million, after deducting the underwriting discount of approximately $2.5 million and approximately $1.3 million of expenses. The Bank is a Connecticut state chartered commercial bank, founded in 2002, whose deposits are insured under the Deposit Insurance Fund administered by the Federal Deposit Insurance Corporation (“FDIC”). The Bank provides a full range of banking services to commercial and consumer customers, primarily concentrated in the New York metropolitan area, with the majority of our loans in Fairfield and New Haven Counties, Connecticut, with branch locations in New Canaan, Stamford, Fairfield, Wilton, Norwalk, Hamden and North Haven, Connecticut. Principles of consolidation The consolidated interim financial statements include the accounts of the Company and the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of estimates The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and general 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, and disclosures of contingent assets and liabilities as of the date of the consolidated balance sheet and revenue and expenses for the period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the allowance for loan losses, stock-based compensation, derivative instrument valuation, investment securities valuation, evaluation of investment securities for other than temporary impairment and deferred income taxes valuation. Basis of consolidated financial statement presentation The unaudited consolidated financial statements presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and Rule 10-1 of Regulation S-X and do not include all of the information and note disclosures required by GAAP. In the opinion of management, all adjustments (consisting of normal recurring adjustments) and disclosures considered necessary for the fair presentation of the accompanying unaudited interim consolidated financial statements have been included. Interim results are not necessarily reflective of the results that may be expected for the year ending December 31, 2017. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included on Form 10-K for the year ended December 31, 2016. Significant concentrations of credit risk Most of the Company's activities are with customers located within the New York metropolitan area, with the majority of our loans in Fairfield and New Haven Counties, Connecticut, and declines in property values in these areas could significantly impact the Company. The Company has significant concentrations in commercial real estate loans. Management does not believe they present any special risk. The Company does not have any significant concentrations in any one industry or customer. Reclassification Certain prior period amounts have been reclassified to conform to the 2017 financial statement presentation. These reclassifications only changed the reporting categories and did not affect the consolidated results of operations or consolidated financial position. Subsequent Events In accordance with FASB ASC 855, “Subsequent Events,” Bankwell has evaluated all events or transactions occurring after June 30, 2017, the balance sheet date, and noted that there have been no such events or transactions that would require recognition or disclosure in the consolidated financial statements as of and for the quarter ended June 30, 2017. Recent accounting pronouncements The following section includes changes in accounting principles and potential effects of new accounting guidance and pronouncements. ASU No. 2014-09 – Revenue from Contracts with Customers (Topic 606) ASU No. 2015-03, Interest Imputation of Interest (Subtopic 835-20): “Simplifying the Presentation of Debt Issuance Costs.” ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): “Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-02, Leases (Topic 842). ASU 2016-09, Compensation Stock – Compensation (Topic 718): “Improvements to Employee Share Based Payment Accounting.” ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU No. 2016-15, Statement of Cash Flows (Topic 230): “Classification of Certain Cash Receipts and Cash Payments.” ASU No. 2016-18, Statement of Cash Flows (Topic 230): “Restricted Cash” ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment: ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities: ASU No. 2017-09, Compensation – Stock Compensation (Topic 718):

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	2. Investment Securities The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at June 30, 2017 were as follows: June 30, 2017 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) Available for sale securities: U.S. Government and agency obligations Due from one through five years $ 12,987 $ 86 $ (28 ) $ 13,045 Due after ten years 52,762 312 (38 ) 53,036 65,749 398 (66 ) 66,081 State agency and municipal obligations Due from one through five years 1,630 84 - 1,714 Due from five through ten years 9,239 305 - 9,544 Due after ten years 3,285 113 (43 ) 3,355 14,154 502 (43 ) 14,613 Corporate bonds Due in less than one year 3,015 29 - 3,044 Due from one through five years 7,113 100 - 7,213 10,128 129 - 10,257 Total available for sale securities $ 90,031 $ 1,029 $ (109 ) $ 90,951 Held to maturity securities: State agency and municipal obligations Due in less than one year $ 2,134 $ - $ - $ 2,134 Due from one through five years 3,872 - - 3,872 Due after ten years 16,477 - - 16,477 22,483 - - 22,483 Corporate bonds Due from one through five years 1,000 - (13 ) 987 Government-sponsored mortgage backed securities No contractual maturity 132 12 - 144 Total held to maturity securities $ 23,615 $ 12 $ (13 ) $ 23,614 The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at December 31, 2016 were as follows: December 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) Available for sale securities: U.S. Government and agency obligations Due from one through five years $ 62,357 $ 295 $ (49 ) $ 62,603 Due after ten years 100 - (5 ) 95 62,457 295 (54 ) 62,698 State agency and municipal obligations Due from one through five years 827 24 (3 ) 848 Due from five through ten years 8,045 189 (1 ) 8,233 Due after ten years 5,623 178 (119 ) 5,682 14,495 391 (123 ) 14,763 Corporate bonds Due in less than one year 2,022 56 - 2,078 Due from one through five years 8,145 67 - 8,212 10,167 123 - 10,290 Total available for sale securities $ 87,119 $ 809 $ (177 ) $ 87,751 Held to maturity securities: U.S. Government and agency obligations State agency, U.S. Territories and municipal obligations Due from one through five years $ 2,135 $ - $ - $ 2,135 Due after ten years 13,575 - - 13,575 15,710 - - 15,710 Corporate bonds Due from one through five years 1,000 - (23 ) 977 Government-sponsored mortgage backed securities No contractual maturity 149 15 - 164 Total held to maturity securities $ 16,859 $ 15 $ (23 ) $ 16,851 The gross realized gains on the sale of investment securities totaled $0 and $165 thousand for the three and six months ended June 30, 2017, respectively. Total sales proceeds totaled $0 and $49.6 million for three and six months ended June 30, 2017, respectively. There were no gross realized losses on the sale of investment securities for the three and six months ended June 30, 2017. The gross realized gains on the sale of investment securities totaled $98 thousand for the three and six months ended June 30, 2016. The gross realized losses on the sale of investment securities totaled $6 thousand for the three and six months ended June 30, 2016. Total sales proceeds totaled $3.8 million for the three and six months ended June 30, 2016. At June 30, 2017 there were no securities pledged as collateral with the FHLB. At December 31, 2016, securities with approximate fair values of $60.0 million were pledged as collateral with the FHLB. The following table provides information regarding investment securities with unrealized losses, aggregated by investment category and length of time that individual securities had been in a continuous unrealized loss position at June 30, 2017 and December 31, 2016: Length of Time in Continuous Unrealized Loss Position Less Than 12 Months 12 Months or More Total Fair Value Unrealized Percent Fair Value Unrealized Percent Fair Value Unrealized Percent (In thousands) June 30, 2017 U.S. Government and agency obligations $ 7,454 $ (66 ) 0.88 % $ - $ - - $ 7,454 $ (66 ) 0.88 % State agency and municipal obligations 891 (43 ) 4.60 % - - - 891 (43 ) 4.60 % Corporate bonds - - - 987 (13 ) 1.25 % 987 (13 ) 1.25 % Total investment securities $ 8,345 $ (109 ) 1.29 % $ 987 $ (13 ) 1.25 % $ 9,332 $ (122 ) 1.29 % December 31, 2016 U.S. Government and agency obligations $ 3,045 $ (54 ) 1.74 % $ - $ - - $ 3,045 $ (54 ) 1.74 % State agency and municipal obligations 2,756 (123 ) 4.29 % - - - 2,756 (123 ) 4.29 % Corporate bonds 978 (23 ) 2.25 % - - - 978 (23 ) 2.25 % Total investment securities $ 6,779 $ (200 ) 2.86 % $ - $ - - $ 6,779 $ (200 ) 2.86 % There were eleven investment securities as of June 30, 2017 and December 31, 2016, in which the fair value of the security was less than the amortized cost of the security. The U.S. Government and agency obligations owned are either direct obligations of the U.S. Government or guaranteed by the U.S. Government, therefore the contractual cash flows are guaranteed and as a result the unrealized losses in this portfolio are not considered other than temporarily impaired. The Company continually monitors its state agency, municipal and corporate bond portfolios and at this time these portfolios have minimal default risk because state agency, municipal and corporate bonds are all rated above investment grade and as a result the unrealized losses in this portfolio are not considered other than temporarily impaired. The Company has the intent and ability to retain its investment securities in an unrealized loss position at June 30, 2017 until the decline in value has recovered.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	3. Loans Receivable and Allowance for Loan Losses Loans acquired in connection with the Wilton acquisition in November 2013 and the Quinnipiac acquisition in October 2014 are referred to as “acquired” loans as a result of the manner in which they are accounted for. All other loans are referred to as “originated” loans. Accordingly, selected credit quality disclosures that follow are presented separately for the originated loan portfolio and the acquired loan portfolio. The following table sets forth a summary of the loan portfolio at June 30, 2017 and December 31, 2016: June 30, 2017 December 31, 2016 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 178,481 $ 2,524 $ 181,005 $ 178,549 $ 2,761 $ 181,310 Commercial 864,550 38,530 903,080 802,156 43,166 845,322 Construction 117,239 109 117,348 107,329 112 107,441 Home equity 8,708 5,879 14,587 8,549 5,870 14,419 1,168,978 47,042 1,216,020 1,096,583 51,909 1,148,492 Commercial business 253,207 16,104 269,311 198,456 17,458 215,914 Consumer 785 172 957 672 861 1,533 Total loans 1,422,970 63,318 1,486,288 1,295,711 70,228 1,365,939 Allowance for loan losses (19,409 ) (127 ) (19,536 ) (17,883 ) (99 ) (17,982 ) Deferred loan origination fees, net (3,521 ) - (3,521 ) (4,071 ) - (4,071 ) Unamortized loan premiums 9 - 9 9 - 9 Loans receivable, net $ 1,400,049 $ 63,191 $ 1,463,240 $ 1,273,766 $ 70,129 $ 1,343,895 Lending activities are conducted principally in the New York metropolitan area, with the majority of our loans in Fairfield and New Haven Counties, Connecticut, and consist of residential and commercial real estate loans, commercial business loans and a variety of consumer loans. Loans may also be granted for the construction of residential homes and commercial properties. All residential and commercial mortgage loans are typically collateralized by first or second mortgages on real estate. Certain acquired loans were determined to have evidence of credit deterioration at the acquisition date. Such loans are accounted for in accordance with ASC 310-30. The following table summarizes activity in the accretable yields for the acquired loan portfolio that falls under the purview of ASC 310-30: (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance at beginning of period $ 636 $ 771 $ 666 $ 871 Accretion (29 ) (38 ) (59 ) (87 ) Other (a) - - - (51 ) Balance at end of period $ 607 $ 733 $ 607 $ 733 a) Represents changes in cash flows expected to be collected due to loan sales or payoffs. Risk management The Company has established credit policies applicable to each type of lending activity in which it engages. The Company evaluates the creditworthiness of each customer and extends credit of up to 80% of the market value of the collateral, depending on the borrowers’ creditworthiness and the type of collateral. The borrower’s ability to service the debt is monitored on an ongoing basis. Real estate is the primary form of collateral. Other important forms of collateral are business assets, time deposits and marketable securities. While collateral provides assurance as a secondary source of repayment, the Company ordinarily requires the primary source of repayment for commercial loans, to be based on the borrower’s ability to generate continuing cash flows. The Company’s policy for residential lending allows that, generally, the amount of the loan may not exceed 80% of the original appraised value of the property. In certain situations, the amount may exceed 80% LTV either with private mortgage insurance being required for that portion of the residential loan in excess of 80% of the appraised value of the property or where secondary financing is provided by a housing authority program second mortgage, a community’s low/moderate income housing program, or a religious or civic organization. Private mortgage insurance may be required for that portion of the residential first mortgage loan in excess of 80% of the appraised value of the property. Credit quality of loans and the allowance for loan losses Management segregates the loan portfolio into portfolio segments. The portfolio segments are segregated based on loan types and the underlying risk factors present in each loan type. Such risk factors are periodically reviewed by management and revised as deemed appropriate. The Company's loan portfolio is segregated into the following portfolio segments: Residential Real Estate: Commercial Real Estate: Construction: Home Equity: Commercial Business: Consumer: Allowance for loan losses The following tables set forth the activity in the Company’s allowance for loan losses for the three months ended June 30, 2017 and 2016, by portfolio segment: Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended June 30, 2017 Originated Beginning balance $ 1,494 $ 9,541 $ 2,122 $ 153 $ 4,742 $ 346 $ 18,398 Charge-offs - - - - - (16 ) (16 ) Recoveries 146 - - - - - 146 Provisions (175 ) 146 146 15 732 17 881 Ending balance $ 1,465 $ 9,687 $ 2,268 $ 168 $ 5,474 $ 347 $ 19,409 Acquired Beginning balance $ - $ 8 $ - $ - $ 79 $ 26 $ 113 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions - - - - 11 3 14 Ending balance $ - $ 8 $ - $ - $ 90 $ 29 $ 127 Total Beginning balance $ 1,494 $ 9,549 $ 2,122 $ 153 $ 4,821 $ 372 $ 18,511 Charge-offs - - - - - (16 ) (16 ) Recoveries 146 - - - - - 146 Provisions (175 ) 146 146 15 743 20 895 Ending balance $ 1,465 $ 9,695 $ 2,268 $ 168 $ 5,564 $ 376 $ 19,536 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended June 30, 2016 Originated Beginning balance $ 1,503 $ 8,434 $ 1,583 $ 178 $ 3,086 $ 3 $ 14,787 Charge-offs - - - - - (8 ) (8 ) Recoveries - - - - - 1 1 Provisions (19 ) 191 337 1 706 43 1,259 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 13 $ - $ - $ 6 $ 4 $ 23 Charge-offs - - - - - (4 ) (4 ) Recoveries - - - - - - - Provisions - 10 - 11 18 3 42 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,503 $ 8,447 $ 1,583 $ 178 $ 3,092 $ 7 $ 14,810 Charge-offs - - - - - (12 ) (12 ) Recoveries - - - - - 1 1 Provisions (19 ) 201 337 12 724 46 1,301 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Six Months Ended June 30, 2017 Originated Beginning balance $ 1,498 $ 9,534 $ 2,105 $ 156 $ 4,240 $ 350 $ 17,883 Charge-offs - - - - - (16 ) (16 ) Recoveries 146 - - - - 1 147 Provisions (179 ) 153 163 12 1,234 12 1,395 Ending balance $ 1,465 $ 9,687 $ 2,268 $ 168 $ 5,474 $ 347 $ 19,409 Acquired Beginning balance $ - $ 29 $ - $ - $ 43 $ 27 $ 99 Charge-offs - - - - - (15 ) (15 ) Recoveries - - - - - - - Provisions - (21 ) - - 47 17 43 Ending balance $ - $ 8 $ - $ - $ 90 $ 29 $ 127 Total Beginning balance $ 1,498 $ 9,563 $ 2,105 $ 156 $ 4,283 $ 377 $ 17,982 Charge-offs - - - - - (31 ) (31 ) Recoveries 146 - - - - 1 147 Provisions (179 ) 132 163 12 1,281 29 1,438 Ending balance $ 1,465 $ 9,695 $ 2,268 $ 168 $ 5,564 $ 376 $ 19,536 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Six Months Ended June 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - - (9 ) (9 ) Recoveries - - - - - 6 6 Provisions 40 932 416 5 482 39 1,914 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - - (6 ) (13 ) Recoveries - - - - - - - Provisions - 11 7 11 - 4 33 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - - (15 ) (22 ) Recoveries - - - - - 6 6 Provisions 40 943 423 16 482 43 1,947 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 The following tables are a summary, by portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio balances at June 30, 2017 and December 31, 2016: Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) June 30, 2017 Loans individually evaluated for impairment: Residential real estate $ 2,009 $ - $ - $ - $ 2,009 $ - Commercial real estate 1,007 3 1,173 7 2,180 10 Home equity 249 - 450 - 699 - Commercial business 3,790 94 612 88 4,402 182 Consumer 341 341 29 29 370 370 Subtotal 7,396 438 2,264 124 9,660 562 Loans collectively evaluated for impairment: Residential real estate 176,472 1,465 2,524 - 178,996 1,465 Commercial real estate 863,543 9,684 37,357 1 900,900 9,685 Construction 117,239 2,268 109 - 117,348 2,268 Home equity 8,459 168 5,429 - 13,888 168 Commercial business 249,417 5,380 15,492 2 264,909 5,382 Consumer 444 6 143 - 587 6 Subtotal 1,415,574 18,971 61,054 3 1,476,628 18,974 Total $ 1,422,970 $ 19,409 $ 63,318 $ 127 $ 1,486,288 $ 19,536 Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) December 31, 2016 Loans individually evaluated for impairment: Residential real estate $ 969 $ - $ - $ - $ 969 $ - Commercial real estate 774 1 144 7 918 8 Home equity 259 - 453 - 712 - Commercial business 920 5 962 37 1,882 42 Consumer 341 341 27 27 368 368 Subtotal 3,263 347 1,586 71 4,849 418 Loans collectively evaluated for impairment: Residential real estate 177,580 1,498 2,761 - 180,341 1,498 Commercial real estate 801,382 9,533 43,022 22 844,404 9,555 Construction 107,329 2,105 112 - 107,441 2,105 Home equity 8,290 156 5,417 - 13,707 156 Commercial business 197,536 4,235 16,496 6 214,032 4,241 Consumer 331 9 834 - 1,165 9 Subtotal 1,292,448 17,536 68,642 28 1,361,090 17,564 Total $ 1,295,711 $ 17,883 $ 70,228 $ 99 $ 1,365,939 $ 17,982 Credit quality indicators The Company's policies provide for the classification of loans into the following categories: pass, special mention, substandard, doubtful and loss. Consistent with regulatory guidelines, loans that are considered to be of lesser quality are classified as substandard, doubtful, or loss assets. A loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans include those loans characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans classified as loss are those considered uncollectible and of such little value that their continuance as loans is not warranted. Loans that do not expose the Company to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve close attention, are designated as special mention. Loans that are considered to be impaired are analyzed to determine whether a loss is possible and if so, a calculation is performed to determine the possible loss amount. If it is determined that the loss amount is $0, no reserve is held against the asset. If a loss is calculated, then a specific reserve for that asset is allocated. The following tables are a summary of the loan portfolio quality indicators by portfolio segment at June 30, 2017 and December 31, 2016: Commercial Credit Quality Indicators At June 30, 2017 At December 31, 2016 Commercial Construction Commercial Total Commercial Construction Commercial Total (In thousands) Originated loans: Pass $ 849,166 $ 117,239 $ 248,423 $ 1,214,828 $ 797,249 $ 107,329 $ 196,436 $ 1,101,014 Special mention 14,377 - 2,025 16,402 4,605 - 115 4,720 Substandard 1,007 - 2,759 3,766 302 - 1,905 2,207 Doubtful - - - - - - - - Loss - - - - - - - - Total originated loans 864,550 117,239 253,207 1,234,996 802,156 107,329 198,456 1,107,941 Acquired loans: Pass 37,246 109 15,426 52,781 41,582 112 16,836 58,530 Special mention 111 - 303 414 1,584 - 86 1,670 Substandard 1,173 - 375 1,548 - - 536 536 Doubtful - - - - - - - - Loss - - - - - - - - Total acquired loans 38,530 109 16,104 54,743 43,166 112 17,458 60,736 Total loans: Pass 886,412 117,348 263,849 1,267,609 838,831 107,441 213,272 1,159,544 Special mention 14,488 - 2,328 16,816 6,189 - 201 6,390 Substandard 2,180 - 3,134 5,314 302 - 2,441 2,743 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 903,080 $ 117,348 $ 269,311 $ 1,289,739 $ 845,322 $ 107,441 $ 215,914 $ 1,168,677 Residential and Consumer Credit Quality Indicators At June 30, 2017 At December 31, 2016 Residential Home Equity Consumer Total Residential Home Equity Consumer Total (In thousands) Originated loans: Pass $ 176,472 $ 8,459 $ 444 $ 185,375 $ 176,961 $ 8,291 $ 331 $ 185,583 Special mention 1,040 64 - 1,104 147 69 - 216 Substandard 969 185 - 1,154 1,441 189 - 1,630 Doubtful - - - - - - - - Loss - - 341 341 - - 341 341 Total originated loans 178,481 8,708 785 187,974 178,549 8,549 672 187,770 Acquired loans: Pass 2,524 5,429 29 7,982 2,229 5,417 835 8,481 Special mention - - - - 49 - - 49 Substandard - 450 5 455 483 453 2 938 Doubtful - - - - - - - - Loss - - 138 138 - - 24 24 Total acquired loans 2,524 5,879 172 8,575 2,761 5,870 861 9,492 Total loans: Pass 178,996 13,888 473 193,357 179,190 13,708 1,166 194,064 Special mention 1,040 64 - 1,104 196 69 - 265 Substandard 969 635 5 1,609 1,924 642 2 2,568 Doubtful - - - - - - - - Loss - - 479 479 - - 365 365 Total loans $ 181,005 $ 14,587 $ 957 $ 196,549 $ 181,310 $ 14,419 $ 1,533 $ 197,262 Loan portfolio aging analysis When a loan is 15 days past due, the Company sends the borrower a late notice. The Company also contacts the borrower by phone if the delinquency is not corrected promptly after the notice has been sent. When the loan is 30 days past due, the Company mails the borrower a letter reminding the borrower of the delinquency, and attempts to contact the borrower personally to determine the reason for the delinquency and ensure the borrower understands the terms of the loan. If necessary, subsequent delinquency notices are issued and the account will be monitored on a regular basis thereafter. By the 90th day of delinquency, the Company will send the borrower a final demand for payment or may take other appropriate legal action. A summary report of all loans 30 days or more past due is provided to the board of directors of the Company each month. Loans greater than 90 days past due are generally put on nonaccrual status. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. A loan is considered to be no longer delinquent when timely payments are made for a period of at least six months (one year for loans providing for quarterly or semi-annual payments) by the borrower in accordance with the contractual terms. The following tables set forth certain information with respect to our loan portfolio delinquencies by portfolio segment and amount as of June 30, 2017 and December 31, 2016: As of June 30, 2017 31-60 Days 61-90 Days Greater Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 177,512 $ 178,481 Commercial real estate 190 147 - 337 864,213 864,550 Construction - - - - 117,239 117,239 Home equity 173 - - 173 8,535 8,708 Commercial business 350 156 - 506 252,701 253,207 Consumer - - - - 785 785 Total originated loans 713 303 969 1,985 1,420,985 1,422,970 Acquired Loans Real estate loans: Residential real estate - - - - 2,524 2,524 Commercial real estate - 159 478 637 37,893 38,530 Construction - - - - 109 109 Home equity - 95 355 450 5,429 5,879 Commercial business 57 96 180 333 15,771 16,104 Consumer - - 4 4 168 172 Total acquired loans 57 350 1,017 1,424 61,894 63,318 Total loans $ 770 $ 653 $ 1,986 $ 3,409 $ 1,482,879 $ 1,486,288 As of December 31, 2016 31-60 Days 61-90 Days Greater Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 177,580 $ 178,549 Commercial real estate 147 1,848 302 2,297 799,859 802,156 Construction - - - - 107,329 107,329 Home equity - 173 - 173 8,376 8,549 Commercial business - - 378 378 198,078 198,456 Consumer - - - - 672 672 Total originated loans 147 2,021 1,649 3,817 1,291,894 1,295,711 Acquired Loans Real estate loans: Residential real estate - - - - 2,761 2,761 Commercial real estate 866 722 143 1,731 41,435 43,166 Construction - - - - 112 112 Home equity - - 453 453 5,417 5,870 Commercial business 99 249 - 348 17,110 17,458 Consumer 6 - - 6 855 861 Total acquired loans 971 971 596 2,538 67,690 70,228 Total loans $ 1,118 $ 2,992 $ 2,245 $ 6,355 $ 1,359,584 $ 1,365,939 There were no loans delinquent greater than 90 days and still accruing as of June 30, 2017 and December 31, 2016. Loans on nonaccrual status The following is a summary of nonaccrual loans by portfolio segment as of June 30, 2017 and December 31, 2016: June 30, December 31, 2017 2016 (In thousands) Residential real estate $ 969 $ 969 Commercial real estate 1,785 446 Home equity 635 643 Commercial business 1,568 538 Consumer 346 341 Total $ 5,303 $ 2,937 At June 30, 2017 and December 31, 2016, there were no commitments to lend additional funds to any borrower on nonaccrual status. Impaired loans An impaired loan generally is one for which it is probable, based on current information, the Company will not collect all the amounts due under the contractual terms of the loan. Loans are individually evaluated for impairment. When the Company classifies a problem loan as impaired, it provides a specific valuation allowance for that portion of the asset that is deemed uncollectible. The following table summarizes impaired loans by portfolio segment as of June 30, 2017 and December 31, 2016: Carrying Amount Unpaid Principal Balance Associated Allowance June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,009 $ 969 $ 2,009 $ 969 $ - $ - Commercial real estate 673 651 682 651 - - Home equity 249 259 264 269 - - Commercial business 2,400 551 2,400 584 - - Total impaired loans without a valuation allowance 5,331 2,430 5,355 2,473 - - Impaired loans with a valuation allowance: Commercial real estate 334 123 334 123 3 1 Commercial business 1,390 369 1,390 369 94 5 Consumer 341 341 341 341 341 341 Total impaired loans with a valuation allowance 2,065 833 2,065 833 438 347 Total originated impaired loans $ 7,396 $ 3,263 $ 7,420 $ 3,306 $ 438 $ 347 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,029 $ - $ 1,062 $ - $ - $ - Home equity 450 453 462 462 - - Commercial business 412 572 438 593 - - Total impaired loans without a valuation allowance 1,891 1,025 1,962 1,055 - - Impaired loans with a valuation allowance: Commercial Real Estate 144 144 144 144 7 7 Commercial business 200 390 203 390 88 37 Consumer 29 27 29 27 29 27 Total impaired loans with a valuation allowance 373 561 376 561 124 71 Total acquired impaired loans $ 2,264 $ 1,586 $ 2,338 $ 1,616 $ 124 $ 71 Total $ 9,660 $ 4,849 $ 9,758 $ 4,922 $ 562 $ 418 The following table summarizes the average recorded investment balance of impaired loans and interest income recognized on impaired loans by portfolio segment for the three and six months ended June 30, 2017 and June 30, 2016: Average Recorded Investment Interest Income Recognized For the Three Months Ended For the Three Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,009 $ 969 $ - $ - Commercial real estate 679 3,220 5 - Home equity 251 269 - 1 Commercial business 2,402 264 4 20 Total impaired loans without a valuation allowance 5,341 4,722 9 21 Impaired loans with a valuation allowance: Commercial real estate 334 - - - Commercial business 1,398 532 4 6 Consumer 341 - - - Total impaired loans with a valuation allowance 2,073 532 4 6 Total originated impaired loans $ 7,414 $ 5,254 $ 13 $ 27 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,041 $ 441 $ - $ - Home equity 450 295 - 1 Commercial business 422 718 3 9 Total impaired loans without a valuation allowance 1,913 1,454 3 10 Impaired loans with a valuation allowance: Commercial real estate 144 144 - - Home equity - 162 - 2 Commercial business 201 728 - 11 Consumer 30 3 - - Total impaired loans with a valuation allowance 375 1,037 - 13 Total acquired impaired loans $ 2,288 $ 2,491 $ 3 $ 23 Total $ 9,702 $ 7,745 $ 16 $ 50 Average Recorded Investment Interest Income Recognized For the Six Months Ended For the Six Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,009 $ 969 $ - $ - Commercial real estate 695 3,220 9 26 Construction - - - - Home equity 254 273 - 1 Commercial business 2,407 259 9 21 Total impaired loans without a valuation allowance 5,365 4,721 18 48 Impaired loans with a valuation allowance: Commercial real estate 336 - 4 - Home Equity - - - - Commercial business 1,415 525 9 12 Consumer 341 - - - Total impaired loans with a valuation allowance 2,092 525 13 12 Total originated impaired loans $ 7,457 $ 5,246 $ 31 $ 60 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,062 $ 450 $ 10 $ - Home equity 454 296 - 1 Commercial business 443 728 6 17 Total impaired loans without a valuation allowance 1,959 1,474 16 18 Impaired loans with a valuation allowance: Commercial real estate 144 $ 144 - - Home equity - 162 - 2 Commercial business 204 743 - 18 Consumer 30 3 - - Total impaired loans with a valuation allowance 378 1,052 - 20 Total acquired impaired loans $ 2,337 $ 2,526 $ 16 $ 38 Total $ 9,794 $ 7,772 $ 47 $ 98 Troubled debt restructurings (TDRs) Modifications to a loan are considered to be a troubled debt restructuring when one or both of the following conditions is met: 1) the borrower is experiencing financial difficulties and/or 2) the modification constitutes a concession that is not in line with market rates and/or terms. Modified terms are dependent upon the financial position and needs of the individual borrower. Troubled debt restructurings are classified as impaired loans. If a performing loan is restructured into a TDR it remains in performing status. If a nonperforming loan is restructured into a TDR, it continues to be carried in nonaccrual status. Nonaccrual classification may be removed if the borrower demonstrates compliance with the modified terms for a minimum of six months. The recorded investment in TDRs was $2.7 million and $1.4 million at June 30, 2017 and December 31, 2016, respectively. The following tables present loans whose terms were modified as TDRs during the periods presented: Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2017 2016 2017 2016 2017 2016 Three Months Ended June 30, Residential real estate 1 - $ 1,040 $ - $ 1,040 $ - Commercial business 2 2 345 259 345 259 Total 3 2 $ 1,385 $ 259 $ 1,385 $ 259 Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2017 2016 2017 2016 2017 2016 Six Months Ended June 30, Residential real estate 1 - $ 1,040 $ - $ 1,040 $ - Commercial business 2 2 345 259 345 259 Total 3 2 $ 1,385 $ 259 $ 1,385 $ 259 All TDRs at June 30, 2017 and December 31, 2016 were performing in compliance with their modified terms, except for two non-accrual loans totaling $391 thousand at June 30, 2017 and one non-accrual loan totaling $66 thousand at December 31, 2016. The following table provides information on how loans were modified as a TDR during the three and six months ended June 30, 2017 and 2016. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Payment concession $ 104 $ - $ 104 $ - Maturity concession $ 241 $ 259 $ 241 $ 259 Rate and payment concession 1,040 - 1,040 - Total $ 1,385 $ 259 $ 1,385 $ 259 There were no loans modified in a troubled debt restructuring, for which there was a payment default during the three and six months ended June 30, 2017 and 2016, respectively.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	4. Shareholders' Equity Common stock On May 15, 2014, the Company priced 2,702,703 common shares in its initial public offering (“IPO”) at $18.00 per share and Bankwell common shares began trading on the Nasdaq Stock Market. The Company issued a total of 2,702,703 common shares in its IPO, which closed on May 20, 2014. The net proceeds from the IPO were approximately $44.7 million, after deducting the underwriting discount of approximately $2.5 million and approximately $1.3 million of expenses. Prior to the public offering, the Company issued shares in various offerings. Warrants As a result of the acquisition of Quinnipiac on October 1, 2014 the Company issued 68,600 warrants to former Quinnipiac warrant holders in accordance with the merger agreement. Each warrant was automatically converted into a warrant to purchase 0.56 shares of the Company’s common stock for an exercise price of $17.86. A total of 22,400 warrants have been exercised as of June 30, 2017. The warrants expire on March 6, 2018. Dividends The Company’s shareholders are entitled to dividends when and if declared by the board of directors, out of funds legally available. The ability of the Company to pay dividends depends, in part, on the ability of the Bank to pay dividends to the Company. In accordance with Connecticut statutes, regulatory approval is required to pay dividends in excess of the Bank’s profits retained in the current year plus retained profits from the previous two years. The Bank is also prohibited from paying dividends that would reduce its capital ratios below minimum regulatory requirements. The Company did not repurchase any of its common stock during 2017 or 2016.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2017
Comprehensive Income [Abstract]
COMPREHENSIVE INCOME	5. Comprehensive Income Comprehensive income represents the sum of net income and items of other comprehensive income or loss, including net unrealized gains or losses on securities available for sale and net unrealized gains or losses on derivatives accounted for as cash flow hedges. The Company’s total comprehensive income or loss for the three and six months ended June 30, 2017 and 2016 is reported in the Consolidated Statements of Comprehensive Income. The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax for the three and six months ended June 30, 2017 and 2016: Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2017 $ 406 $ 623 $ 1,029 Other comprehensive income before reclassifications, net of tax 190 (197 ) (7 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income 190 (197 ) (7 ) Balance at June 30, 2017 $ 596 $ 426 $ 1,022 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2016 $ 1,071 $ (1,093 ) $ (22 ) Other comprehensive income (loss) before reclassifications, net of tax 248 (418 ) (170 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 156 (418 ) (262 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at December 31, 2016 $ 409 $ 481 $ 890 Other comprehensive income before reclassifications, net of tax 352 (55 ) 297 Amounts reclassified from accumulated other comprehensive income (165 ) - (165 ) Net other comprehensive (loss) income 187 (55 ) 132 Balance at June 30, 2017 $ 596 $ 426 $ 1,022 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at December 31, 2015 $ 405 $ (178 ) $ 227 Other comprehensive income (loss) before reclassifications, net of tax 914 (1,333 ) (419 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 822 (1,333 ) (511 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 )

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	6. Earnings per Share Unvested restricted stock awards that contain non-forfeitable rights to dividends, are participating securities, and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The Company’s unvested restricted stock awards qualify as participating securities. Net income is allocated between the common stock and participating securities pursuant to the two-class method. Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period, excluding participating unvested restricted stock awards. Diluted EPS is computed in a similar manner, except that the denominator includes the number of additional common shares that would have been outstanding if potentially dilutive common shares were issued using the treasury stock method. The following is a reconciliation of earnings available to common shareholders and basic weighted average common shares outstanding to diluted weighted average common shares outstanding, reflecting the application of the two-class method: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands, except per share data) (In thousands, except per share data) Net income $ 3,769 $ 2,896 $ 7,471 $ 5,887 Dividends to participating securities (1) (7 ) (6 ) (14 ) (11 ) Undistributed earnings allocated to participating securities (1) (44 ) (49 ) (86 ) (99 ) Net income for earnings per share calculation $ 3,718 $ 2,841 $ 7,371 $ 5,777 Weighted average shares outstanding, basic 7,551 7,388 7,538 7,384 Effect of dilutive equity-based awards (2) 95 80 100 62 Weighted average shares outstanding, diluted 7,646 7,468 7,638 7,446 Net earnings per common share: Basic earnings per common share $ 0.49 $ 0.38 $ 0.98 $ 0.78 Diluted earnings per common share 0.49 0.38 0.97 0.78 (1) Represents dividends paid and undistributed earnings allocated to unvested stock-based awards that contain non-forfeitable rights to dividends. (2) Represents the effect of the assumed exercise of stock options and warrants and the vesting of restricted shares, as applicable, utilizing the treasury stock method.

REGULATORY MATTERS

REGULATORY MATTERS	6 Months Ended
	Jun. 30, 2017
Banking and Thrift [Abstract]
REGULATORY MATTERS	7. Regulatory Matters The Federal Reserve, the FDIC and the other federal and state bank regulatory agencies establish regulatory capital guidelines for U.S. banking organizations. As of January 1, 2015, the Company and the Bank became subject to new capital rules set forth by the Federal Reserve, the FDIC and the other federal and state bank regulatory agencies. The capital rules revise the banking agencies’ leverage and risk-based capital requirements and the method for calculating risk weighted assets to make them consistent with agreements that were reached by the Basel Committee on Banking Supervision and certain provisions of the Dodd-Frank Act (the Basel III Capital Rules). The Basel III Capital Rules establish a minimum common equity Tier 1 capital requirement of 4.5% of risk-weighted assets; set the minimum leverage ratio at 4% of total assets; increased the minimum Tier 1 capital to risk-weighted assets requirement from 4% to 6%; and retained the minimum total capital to risk weighted assets requirement at 8.0%. A “well-capitalized” institution must generally maintain capital ratios 100-200 basis points higher than the minimum guidelines. The Basel III Capital Rules also change the risk weights assigned to certain assets. The Basel III Capital Rules assigned a higher risk weight (150%) to loans that are more than 90 days past due or are on nonaccrual status and to certain commercial real estate facilities that finance the acquisition, development or construction of real property. The Basel III Capital Rules also alter the risk weighting for other assets, including marketable equity securities that are risk weighted generally at 300%. The Basel III Capital Rules require certain components of accumulated other comprehensive income (loss) to be included for purposes of calculating regulatory capital requirements unless a one-time opt-out is exercised. The Bank did exercise its opt-out option and will exclude the unrealized gain (loss) on investment securities component of accumulated other comprehensive income (loss) from regulatory capital. The Basel III Capital Rules limit a banking organization’s capital distributions and certain discretionary bonus payments to executive officers if the banking organization does not hold a “capital conservation buffer” consisting of 2.5% of regulatory risk based capital ratios in addition to the amount necessary to meet its minimum risk-based capital requirements. The required minimum conservation buffer began to be phased in incrementally, starting at 0.625% on January 1, 2016, increased to 1.25% on January 1, 2017, and will continue to increase to 1.875% on January 1, 2018 and 2.5% on January 1, 2019. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Management believes, as of June 30, 2017, the Bank and Company meet all capital adequacy requirements to which they are subject and satisfies the criteria for a “well capitalized” institution. There are no conditions or events since then that management believes have changed this conclusion. The capital amounts and ratios for the Bank and the Company at June 30, 2017 and December 31, 2016 were as follows: To be Well Capitalized Under For Capital Prompt Corrective Actual Capital Adequacy Purposes Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Bankwell Bank June 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 166,639 10.91 % $ 68,749 4.50 % $ 99,304 6.50 % Total Capital to Risk-Weighted Assets 185,723 12.16 % 122,220 8.00 % 152,775 10.00 % Tier I Capital to Risk-Weighted Assets 166,639 10.91 % 91,665 6.00 % 122,220 8.00 % Tier I Capital to Average Assets 166,639 9.75 % 68,372 4.00 % 85,465 5.00 % Bankwell Financial Group, Inc. June 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 148,983 9.73 % $ 68,905 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 193,144 12.61 % 122,498 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 148,983 9.73 % 91,874 6.00 % N/A N/A Tier I Capital to Average Assets 148,983 8.49 % 70,230 4.00 % N/A N/A To be Well Capitalized Under For Capital Prompt Corrective Actual Capital Adequacy Purposes Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Bankwell Bank December 31, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 157,604 11.59 % $ 61,168 4.50 % $ 88,353 6.50 % Total Capital to Risk-Weighted Assets 174,610 12.85 % 108,742 8.00 % 135,928 10.00 % Tier I Capital to Risk-Weighted Assets 157,604 11.59 % 81,557 6.00 % 108,742 8.00 % Tier I Capital to Average Assets 157,604 10.10 % 62,428 4.00 % 78,035 5.00 % Bankwell Financial Group, Inc. December 31, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 141,338 10.39 % $ 61,231 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 184,371 13.55 % 108,855 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 141,338 10.39 % 81,641 6.00 % N/A N/A Tier I Capital to Average Assets 141,338 9.06 % 62,415 4.00 % N/A N/A Restrictions on dividends The ability of the Company to pay dividends depends, in part, on the ability of the Bank to pay dividends to the Company. In accordance with Connecticut statutes, regulatory approval is required to pay dividends in excess of the Bank’s profits retained in the current year plus retained profits from the previous two years. The Bank is also prohibited from paying dividends that would reduce its capital ratios below minimum regulatory requirements.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]
STOCK-BASED COMPENSATION	8. Stock-Based Compensation Equity award plans The Company has five equity award plans, which are collectively referred to as the “Plan”. The current plan under which any future issuances of equity awards will be made is the 2012 BNC Financial Group, Inc. Stock Plan, or the “2012 Plan,” amended on June 26, 2013. All equity awards made under the 2012 Plan are made by means of an award agreement, which contains the specific terms and conditions of the grant. To date, all equity awards have been in the form of share options or restricted stock. At June 30, 2017, there were 473,809 shares reserved for future issuance under the 2012 Plan. Stock Options: There were no options granted during the six months ended June 30, 2017. A summary of the status of outstanding share options as of and for the six months ended June 30, 2017 is presented below: Six Months Ended Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 120,988 $ 18.58 Exercised (28,511 ) 18.08 Forfeited (200 ) 15.00 Options outstanding at end of period 92,277 18.74 Options exercisable at end of period 92,277 18.74 Intrinsic value is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date. The total intrinsic value of share options exercised during the six months ended June 30, 2017 was $398 thousand. Restricted Stock: The following table presents the activity for restricted stock for the six months ended June 30, 2017: Six Months Ended June 30, 2017 Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 96,594 $ 19.80 Granted 28,250 32.94 Vested (6,850 ) 19.72 Forfeited (14,774 ) 20.00 Unvested at end of period 103,220 23.38 The Company's restricted stock expense for the six months ended June 30, 2017 and 2016 was $434 thousand and $500 thousand, respectively. Market Conditions Restricted Stock In January 2016 the Company modified the market conditions restricted stock grant. The total shares originally granted for the $29.00 price target have been modified to a time based restricted stock grant. The shares will vest over a four year period with the first installment having vested on December 1, 2016 and the remaining shares to vest on each annual anniversary thereafter. In addition, the shares originally granted for the $25.00 and $27.00 price targets have been modified. These shares vest over a period from the date of the modification to December 1, 2019 based on meeting the price targets. The price targets will be met when the 30 day average stock price meets or exceeds the price targets. The Company determined the fair market value of the modified awards for the $25.00 and $27.00 price targets in accordance with ASC 718 Stock Compensation using the Monte Carlo simulation model deemed appropriate for this type of modification. The Company expensed an incremental cost associated with this modification of $2.19 for the awards that vest at the $25 stock price, $2.03 for the awards that vest at the $27 stock price and $13.66 for the awards that were modified to a time based grant. The shares granted for the $25.00 and $27.00 price targets fully vested in the fourth quarter of 2016 based on meeting the vesting terms of the grant. The Company recognized $0 and $105 thousand in stock compensation expense for the six months ended June 30, 2017 and 2016, respectively, for these restricted stock awards. As of June 30, 2017 the Company had no outstanding market conditions restricted stock.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	9. Derivative Instruments Information about derivative instruments at June 30, 2017 and December 31, 2016 is as follows: June 30, 2017: (Dollars in thousands) Notional Original Received Paid Fair Value Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 3-month USD LIBOR 1.62 % $ (39 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.83 % (106 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.48 % 202 Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.22 % 596 $ 100,000 $ 653 December 31, 2016: (Dollars in thousands) Notional Original Received Paid Fair Value Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 3-month USD LIBOR 1.62 % $ (91 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.83 % (138 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.48 % 249 Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.22 % 717 $ 100,000 $ 737 The effective portion of unrealized changes in the fair value of derivatives accounted for as cash flow hedges is reported in other comprehensive income and subsequently reclassified to earnings in the same period or periods during which the hedged forecasted transaction affects earnings. The Bank assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged item or transaction. The ineffective portion of changes in the fair value of the derivatives is recognized directly in earnings. The interest rate swap assets are presented in other assets and the interest rate swap liabilities are presented in accrued expenses and other liabilities in the consolidated balance sheets. The Bank's cash flow hedge positions are all forward starting interest rate swap transactions. The Bank entered into the following forward starting interest rate swap transactions: Original Effective Date of (Dollars in thousands) Notional Hedged Duration of Counterparty Type of borrowing: FHLB 90-day advance $ 25,000 April 1, 2014 4.7 years Bank of Montreal FHLB 90-day advance $ 25,000 January 2, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 August 26, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 July 1, 2016 5.0 years Bank of Montreal This hedge strategy converts the floating rate of interest on certain FHLB advances to fixed interest rates, thereby protecting the Bank from floating interest rate variability. Changes in the consolidated statements of comprehensive income related to interest rate derivatives designated as hedges of cash flows were as follows for the three and six months ended June 30, 2017 and 2016: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2017 2016 2017 2016 Interest rate swap on FHLB advance: Unrealized losses recognized in accumulated other comprehensive income $ (302 ) $ (643 ) $ (84 ) $ (2,051 ) Income tax benefit on items recognized in accumulated other comprehensive income 105 225 29 718 Other comprehensive loss $ (197 ) $ (418 ) $ (55 ) $ (1,333 ) Interest expense recognized on hedged FHLB advance $ 384 $ 308 $ 768 $ 615

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	10. Fair Value of Financial Instruments GAAP requires disclosure of fair value information about financial instruments, whether or not recognized in the statement of condition, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rates and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparisons to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. Management uses its best judgment in estimating the fair value of the Company's financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at either June 30, 2017 or December 31, 2016. The estimated fair value amounts have been measured as of the respective period-ends, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. The carrying values, fair values and placement in the fair value hierarchy of the Company's financial instruments at June 30, 2017 and December 31, 2016 were as follows: June 30, 2017 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 84,802 $ 84,802 $ 84,802 $ - $ - Federal funds sold 1,185 1,185 1,185 - - Available for sale securities 90,951 90,951 - 90,951 - Held to maturity securities 23,615 23,614 - 23,614 - Loans receivable, net 1,463,240 1,456,843 - - 1,456,843 Accrued interest receivable 5,239 5,239 - 5,239 - FHLB stock 8,033 8,033 - - 8,033 Servicing asset 512 512 - - 512 Derivative asset 798 798 - 798 - Financial Liabilities: Demand deposits $ 176,495 $ 176,495 $ - $ - $ 176,495 NOW and money market 469,045 469,045 - - 469,045 Savings 113,449 113,449 - - 113,449 Time deposits 655,296 655,880 - - 655,880 Accrued interest payable 844 844 - 844 - Advances from the FHLB 150,000 150,118 - - 150,118 Subordinated debentures 25,077 25,758 - - 25,758 Servicing liability 364 364 - - 364 Derivative liability 145 145 - 145 - December 31, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 96,026 $ 96,026 $ 96,026 $ - $ - Federal funds sold 329 329 329 - - Available for sale securities 87,751 87,751 - 87,751 - Held to maturity securities 16,859 16,851 - 16,851 - Loans held for sale 254 254 - 254 - Loans receivable, net 1,343,895 1,339,055 - - 1,339,055 Accrued interest receivable 4,958 4,958 - 4,958 - FHLB stock 7,943 7,943 - - 7,943 Derivative asset 966 966 - 966 - Financial Liabilities: Demand deposits $ 187,593 $ 187,593 $ - $ - $ 187,593 NOW and money market 402,982 402,982 - - 402,982 Savings 96,601 96,601 - - 96,601 Time deposits 601,861 603,456 - - 603,456 Accrued interest payable 837 837 - 837 - Advances from the FHLB 160,000 160,118 - - 160,118 Subordinated debentures 25,051 25,645 - - 25,645 Derivative liability 229 229 - 229 - The following methods and assumptions were used by management in estimating the fair value of its financial instruments: Cash and due from banks, federal funds sold, accrued interest receivable and accrued interest payable: Available for sale and held to maturity securities: FHLB stock: Loans held for sale: Loans receivable Derivative asset (liability): Servicing Asset (liability): Deposits: Borrowings and Subordinated Debentures:

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	11. Fair Value Measurements The Company is required to account for certain assets and liabilities at fair value on a recurring or non-recurring basis. As discussed in Note 1, the Company determines fair value in accordance with GAAP, which defines fair value and establishes a framework for measuring fair value. Fair value is defined as 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. GAAP 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. The standard describes 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 as s Level 3 — Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability. Valuation techniques based on unobservable inputs are highly subjective and require judgments regarding significant matters such as the amount and timing of future cash flows and the selection of discount rates that may appropriately reflect market and credit risks. Changes in these judgments often have a material impact on the fair value estimates. In addition, since these estimates are as of a specific point in time they are susceptible to material near-term changes. Financial instruments measured at fair value on a recurring basis The following tables detail the financial instruments carried at fair value on a recurring basis at June 30, 2017 and December 31, 2016, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value. The Company had no transfers into or out of Levels 1, 2 or 3 during the six months ended June 30, 2017 and the year ended December 31, 2016. Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2017: Available for sale investment securities: U.S. Government and agency obligations $ - $ 66,081 $ - State agency and municipal obligations - 14,613 - Corporate bonds - 10,257 - Derivative asset, net - 653 - December 31, 2016: Available for sale investment securities: U.S. Government and agency obligations $ - $ 62,698 $ - State agency and municipal obligations - 14,763 - Corporate bonds - 10,290 - Derivative asset, net - 737 - Available for sale investment securities Derivative Assets and liabilities: Financial instruments measured at fair value on a nonrecurring basis Certain assets are measured at fair value on a non-recurring basis in accordance with GAAP. These include assets that are measured at the-lower-of-cost-or-market that were recognized at fair value below cost at the end of the period as well as assets that are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The following table details the financial instruments carried at fair value on a nonrecurring basis at June 30, 2017 and December 31, 2016, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2017: Impaired loans $ - $ - $ 9,660 Foreclosed real estate - - 222 December 31, 2016: Impaired loans $ - $ - $ 4,849 Foreclosed real estate - - 272 The following table presents information about quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on a nonrecurring basis at June 30, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Valuation Unobservable Input Range June 30, 2017: Impaired loans $ 9,660 Appraisals Discount to appraised value 8.00 - 18.40% Discounted cash flows Discount rate 4.25 - 6.25% Foreclosed real estate $ 222 Appraisals Discount to appraised value 68% December 31, 2016: Impaired loans $ 4,849 Appraisals Discount to appraised value 8.00 - 28.00% Discounted cash flows Discount rate 4.25 - 6.25% Foreclosed real estate $ 272 Appraisals Discount to appraised value 20% Impaired loans: Foreclosed real estate:

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	6 Months Ended
	Jun. 30, 2017
Subordinated Borrowings [Abstract]
SUBORDINATED DEBENTURES	12. Subordinated debentures On August 19, 2015 the Company completed a private placement of $25.5 million in aggregate principal amount of fixed rate subordinated notes (the “Notes”) to certain institutional investors. The Notes are non-callable for five years, have a stated maturity of August 15, 2025, and bear interest at a quarterly pay fixed rate of 5.75% per annum to the maturity date or the early redemption date. The Notes have been structured to qualify for the Company as Tier 2 capital under regulatory guidelines. We used the net proceeds for general corporate purposes, which included maintaining liquidity at the holding company, providing equity capital to the Bank to fund balance sheet growth and our working capital needs.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The Company is subject to federal and state income tax at the statutory rates and makes several adjustments to arrive at the effective tax rate. The Company adjusts for non-deductible meals and entertainment, interest earned on municipal bonds, income earned on our investment in bank owned life insurance, windfall tax benefits resulting from restricted stock vesting and reductions in Connecticut state income tax as a result from the establishment of a passive investment company. Income tax expense for the three months ended June 30, 2017 and 2016 totaled $2.4 million and $1.3 million, respectively. The effective tax rates for the three months ended June 30, 2017 and 2016 were 38.8%, and 31.3%, respectively. Income tax expense for the six months ended June 30, 2017 and 2016 totaled $4.1 million and $2.7 million, respectively. The effective tax rates for the six months ended June 30, 2017 and 2016 were 35.6%, and 31.2%, respectively. The increase in the effective tax rate is driven by a temporary increase as a result of adjustments related to additional income tax expense resulting from treatment of acquisition related items on prior years’ tax returns and increased out of state lending.

NATURE OF OPERATIONS AND SUMM22

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of consolidation	Principles of consolidation The consolidated interim financial statements include the accounts of the Company and the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of estimates	Use of estimates The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and general 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, and disclosures of contingent assets and liabilities as of the date of the consolidated balance sheet and revenue and expenses for the period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the allowance for loan losses, stock-based compensation, derivative instrument valuation, investment securities valuation, evaluation of investment securities for other than temporary impairment and deferred income taxes valuation.
Basis of consolidated financial statement presentation	Basis of consolidated financial statement presentation The unaudited consolidated financial statements presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and Rule 10-1 of Regulation S-X and do not include all of the information and note disclosures required by GAAP. In the opinion of management, all adjustments (consisting of normal recurring adjustments) and disclosures considered necessary for the fair presentation of the accompanying unaudited interim consolidated financial statements have been included. Interim results are not necessarily reflective of the results that may be expected for the year ending December 31, 2017. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included on Form 10-K for the year ended December 31, 2016.
Significant concentrations of credit risk	Significant concentrations of credit risk Most of the Company's activities are with customers located within the New York metropolitan area, with the majority of our loans in Fairfield and New Haven Counties, Connecticut, and declines in property values in these areas could significantly impact the Company. The Company has significant concentrations in commercial real estate loans. Management does not believe they present any special risk. The Company does not have any significant concentrations in any one industry or customer.
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to the 2017 financial statement presentation. These reclassifications only changed the reporting categories and did not affect the consolidated results of operations or consolidated financial position.
Subsequent Events	Subsequent Events In accordance with FASB ASC 855, “Subsequent Events,” Bankwell has evaluated all events or transactions occurring after June 30, 2017, the balance sheet date, and noted that there have been no such events or transactions that would require recognition or disclosure in the consolidated financial statements as of and for the quarter ended June 30, 2017.
Recent accounting pronouncements	Recent accounting pronouncements The following section includes changes in accounting principles and potential effects of new accounting guidance and pronouncements. ASU No. 2014-09 – Revenue from Contracts with Customers (Topic 606) ASU No. 2015-03, Interest Imputation of Interest (Subtopic 835-20): “Simplifying the Presentation of Debt Issuance Costs.” ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): “Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-02, Leases (Topic 842). ASU 2016-09, Compensation Stock – Compensation (Topic 718): “Improvements to Employee Share Based Payment Accounting.” ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU No. 2016-15, Statement of Cash Flows (Topic 230): “Classification of Certain Cash Receipts and Cash Payments.” ASU No. 2016-18, Statement of Cash Flows (Topic 230): “Restricted Cash” ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment: ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities: ASU No. 2017-09, Compensation – Stock Compensation (Topic 718):

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities	June 30, 2017 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) Available for sale securities: U.S. Government and agency obligations Due from one through five years $ 12,987 $ 86 $ (28 ) $ 13,045 Due after ten years 52,762 312 (38 ) 53,036 65,749 398 (66 ) 66,081 State agency and municipal obligations Due from one through five years 1,630 84 - 1,714 Due from five through ten years 9,239 305 - 9,544 Due after ten years 3,285 113 (43 ) 3,355 14,154 502 (43 ) 14,613 Corporate bonds Due in less than one year 3,015 29 - 3,044 Due from one through five years 7,113 100 - 7,213 10,128 129 - 10,257 Total available for sale securities $ 90,031 $ 1,029 $ (109 ) $ 90,951 Held to maturity securities: State agency and municipal obligations Due in less than one year $ 2,134 $ - $ - $ 2,134 Due from one through five years 3,872 - - 3,872 Due after ten years 16,477 - - 16,477 22,483 - - 22,483 Corporate bonds Due from one through five years 1,000 - (13 ) 987 Government-sponsored mortgage backed securities No contractual maturity 132 12 - 144 Total held to maturity securities $ 23,615 $ 12 $ (13 ) $ 23,614 December 31, 2016 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) Available for sale securities: U.S. Government and agency obligations Due from one through five years $ 62,357 $ 295 $ (49 ) $ 62,603 Due after ten years 100 - (5 ) 95 62,457 295 (54 ) 62,698 State agency and municipal obligations Due from one through five years 827 24 (3 ) 848 Due from five through ten years 8,045 189 (1 ) 8,233 Due after ten years 5,623 178 (119 ) 5,682 14,495 391 (123 ) 14,763 Corporate bonds Due in less than one year 2,022 56 - 2,078 Due from one through five years 8,145 67 - 8,212 10,167 123 - 10,290 Total available for sale securities $ 87,119 $ 809 $ (177 ) $ 87,751 Held to maturity securities: U.S. Government and agency obligations State agency, U.S. Territories and municipal obligations Due from one through five years $ 2,135 $ - $ - $ 2,135 Due after ten years 13,575 - - 13,575 15,710 - - 15,710 Corporate bonds Due from one through five years 1,000 - (23 ) 977 Government-sponsored mortgage backed securities No contractual maturity 149 15 - 164 Total held to maturity securities $ 16,859 $ 15 $ (23 ) $ 16,851
Schedule of fair value and related unrealized losses of temporarily impaired investment securities, aggregated by investment category	Length of Time in Continuous Unrealized Loss Position Less Than 12 Months 12 Months or More Total Fair Value Unrealized Percent Fair Value Unrealized Percent Fair Value Unrealized Percent (In thousands) June 30, 2017 U.S. Government and agency obligations $ 7,454 $ (66 ) 0.88 % $ - $ - - $ 7,454 $ (66 ) 0.88 % State agency and municipal obligations 891 (43 ) 4.60 % - - - 891 (43 ) 4.60 % Corporate bonds - - - 987 (13 ) 1.25 % 987 (13 ) 1.25 % Total investment securities $ 8,345 $ (109 ) 1.29 % $ 987 $ (13 ) 1.25 % $ 9,332 $ (122 ) 1.29 % December 31, 2016 U.S. Government and agency obligations $ 3,045 $ (54 ) 1.74 % $ - $ - - $ 3,045 $ (54 ) 1.74 % State agency and municipal obligations 2,756 (123 ) 4.29 % - - - 2,756 (123 ) 4.29 % Corporate bonds 978 (23 ) 2.25 % - - - 978 (23 ) 2.25 % Total investment securities $ 6,779 $ (200 ) 2.86 % $ - $ - - $ 6,779 $ (200 ) 2.86 %

LOANS RECEIVABLE AND ALLOWANC24

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of summary of the loan portfolio	June 30, 2017 December 31, 2016 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 178,481 $ 2,524 $ 181,005 $ 178,549 $ 2,761 $ 181,310 Commercial 864,550 38,530 903,080 802,156 43,166 845,322 Construction 117,239 109 117,348 107,329 112 107,441 Home equity 8,708 5,879 14,587 8,549 5,870 14,419 1,168,978 47,042 1,216,020 1,096,583 51,909 1,148,492 Commercial business 253,207 16,104 269,311 198,456 17,458 215,914 Consumer 785 172 957 672 861 1,533 Total loans 1,422,970 63,318 1,486,288 1,295,711 70,228 1,365,939 Allowance for loan losses (19,409 ) (127 ) (19,536 ) (17,883 ) (99 ) (17,982 ) Deferred loan origination fees, net (3,521 ) - (3,521 ) (4,071 ) - (4,071 ) Unamortized loan premiums 9 - 9 9 - 9 Loans receivable, net $ 1,400,049 $ 63,191 $ 1,463,240 $ 1,273,766 $ 70,129 $ 1,343,895
Schedule of activity in the accretable yields for the acquired loan portfolio	(In thousands) Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance at beginning of period $ 636 $ 771 $ 666 $ 871 Accretion (29 ) (38 ) (59 ) (87 ) Other (a) - - - (51 ) Balance at end of period $ 607 $ 733 $ 607 $ 733
Schedule of allowance for loan losses	Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended June 30, 2017 Originated Beginning balance $ 1,494 $ 9,541 $ 2,122 $ 153 $ 4,742 $ 346 $ 18,398 Charge-offs - - - - - (16 ) (16 ) Recoveries 146 - - - - - 146 Provisions (175 ) 146 146 15 732 17 881 Ending balance $ 1,465 $ 9,687 $ 2,268 $ 168 $ 5,474 $ 347 $ 19,409 Acquired Beginning balance $ - $ 8 $ - $ - $ 79 $ 26 $ 113 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions - - - - 11 3 14 Ending balance $ - $ 8 $ - $ - $ 90 $ 29 $ 127 Total Beginning balance $ 1,494 $ 9,549 $ 2,122 $ 153 $ 4,821 $ 372 $ 18,511 Charge-offs - - - - - (16 ) (16 ) Recoveries 146 - - - - - 146 Provisions (175 ) 146 146 15 743 20 895 Ending balance $ 1,465 $ 9,695 $ 2,268 $ 168 $ 5,564 $ 376 $ 19,536 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended June 30, 2016 Originated Beginning balance $ 1,503 $ 8,434 $ 1,583 $ 178 $ 3,086 $ 3 $ 14,787 Charge-offs - - - - - (8 ) (8 ) Recoveries - - - - - 1 1 Provisions (19 ) 191 337 1 706 43 1,259 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 13 $ - $ - $ 6 $ 4 $ 23 Charge-offs - - - - - (4 ) (4 ) Recoveries - - - - - - - Provisions - 10 - 11 18 3 42 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,503 $ 8,447 $ 1,583 $ 178 $ 3,092 $ 7 $ 14,810 Charge-offs - - - - - (12 ) (12 ) Recoveries - - - - - 1 1 Provisions (19 ) 201 337 12 724 46 1,301 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Six Months Ended June 30, 2017 Originated Beginning balance $ 1,498 $ 9,534 $ 2,105 $ 156 $ 4,240 $ 350 $ 17,883 Charge-offs - - - - - (16 ) (16 ) Recoveries 146 - - - - 1 147 Provisions (179 ) 153 163 12 1,234 12 1,395 Ending balance $ 1,465 $ 9,687 $ 2,268 $ 168 $ 5,474 $ 347 $ 19,409 Acquired Beginning balance $ - $ 29 $ - $ - $ 43 $ 27 $ 99 Charge-offs - - - - - (15 ) (15 ) Recoveries - - - - - - - Provisions - (21 ) - - 47 17 43 Ending balance $ - $ 8 $ - $ - $ 90 $ 29 $ 127 Total Beginning balance $ 1,498 $ 9,563 $ 2,105 $ 156 $ 4,283 $ 377 $ 17,982 Charge-offs - - - - - (31 ) (31 ) Recoveries 146 - - - - 1 147 Provisions (179 ) 132 163 12 1,281 29 1,438 Ending balance $ 1,465 $ 9,695 $ 2,268 $ 168 $ 5,564 $ 376 $ 19,536 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Six Months Ended June 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - - (9 ) (9 ) Recoveries - - - - - 6 6 Provisions 40 932 416 5 482 39 1,914 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - - (6 ) (13 ) Recoveries - - - - - - - Provisions - 11 7 11 - 4 33 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - - (15 ) (22 ) Recoveries - - - - - 6 6 Provisions 40 943 423 16 482 43 1,947 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100
Schedule of portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio	Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) June 30, 2017 Loans individually evaluated for impairment: Residential real estate $ 2,009 $ - $ - $ - $ 2,009 $ - Commercial real estate 1,007 3 1,173 7 2,180 10 Home equity 249 - 450 - 699 - Commercial business 3,790 94 612 88 4,402 182 Consumer 341 341 29 29 370 370 Subtotal 7,396 438 2,264 124 9,660 562 Loans collectively evaluated for impairment: Residential real estate 176,472 1,465 2,524 - 178,996 1,465 Commercial real estate 863,543 9,684 37,357 1 900,900 9,685 Construction 117,239 2,268 109 - 117,348 2,268 Home equity 8,459 168 5,429 - 13,888 168 Commercial business 249,417 5,380 15,492 2 264,909 5,382 Consumer 444 6 143 - 587 6 Subtotal 1,415,574 18,971 61,054 3 1,476,628 18,974 Total $ 1,422,970 $ 19,409 $ 63,318 $ 127 $ 1,486,288 $ 19,536 Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) December 31, 2016 Loans individually evaluated for impairment: Residential real estate $ 969 $ - $ - $ - $ 969 $ - Commercial real estate 774 1 144 7 918 8 Home equity 259 - 453 - 712 - Commercial business 920 5 962 37 1,882 42 Consumer 341 341 27 27 368 368 Subtotal 3,263 347 1,586 71 4,849 418 Loans collectively evaluated for impairment: Residential real estate 177,580 1,498 2,761 - 180,341 1,498 Commercial real estate 801,382 9,533 43,022 22 844,404 9,555 Construction 107,329 2,105 112 - 107,441 2,105 Home equity 8,290 156 5,417 - 13,707 156 Commercial business 197,536 4,235 16,496 6 214,032 4,241 Consumer 331 9 834 - 1,165 9 Subtotal 1,292,448 17,536 68,642 28 1,361,090 17,564 Total $ 1,295,711 $ 17,883 $ 70,228 $ 99 $ 1,365,939 $ 17,982
Schedule of loan portfolio quality indicators by portfolio segment	Commercial Credit Quality Indicators At June 30, 2017 At December 31, 2016 Commercial Construction Commercial Total Commercial Construction Commercial Total (In thousands) Originated loans: Pass $ 849,166 $ 117,239 $ 248,423 $ 1,214,828 $ 797,249 $ 107,329 $ 196,436 $ 1,101,014 Special mention 14,377 - 2,025 16,402 4,605 - 115 4,720 Substandard 1,007 - 2,759 3,766 302 - 1,905 2,207 Doubtful - - - - - - - - Loss - - - - - - - - Total originated loans 864,550 117,239 253,207 1,234,996 802,156 107,329 198,456 1,107,941 Acquired loans: Pass 37,246 109 15,426 52,781 41,582 112 16,836 58,530 Special mention 111 - 303 414 1,584 - 86 1,670 Substandard 1,173 - 375 1,548 - - 536 536 Doubtful - - - - - - - - Loss - - - - - - - - Total acquired loans 38,530 109 16,104 54,743 43,166 112 17,458 60,736 Total loans: Pass 886,412 117,348 263,849 1,267,609 838,831 107,441 213,272 1,159,544 Special mention 14,488 - 2,328 16,816 6,189 - 201 6,390 Substandard 2,180 - 3,134 5,314 302 - 2,441 2,743 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 903,080 $ 117,348 $ 269,311 $ 1,289,739 $ 845,322 $ 107,441 $ 215,914 $ 1,168,677 Residential and Consumer Credit Quality Indicators At June 30, 2017 At December 31, 2016 Residential Home Equity Consumer Total Residential Home Equity Consumer Total (In thousands) Originated loans: Pass $ 176,472 $ 8,459 $ 444 $ 185,375 $ 176,961 $ 8,291 $ 331 $ 185,583 Special mention 1,040 64 - 1,104 147 69 - 216 Substandard 969 185 - 1,154 1,441 189 - 1,630 Doubtful - - - - - - - - Loss - - 341 341 - - 341 341 Total originated loans 178,481 8,708 785 187,974 178,549 8,549 672 187,770 Acquired loans: Pass 2,524 5,429 29 7,982 2,229 5,417 835 8,481 Special mention - - - - 49 - - 49 Substandard - 450 5 455 483 453 2 938 Doubtful - - - - - - - - Loss - - 138 138 - - 24 24 Total acquired loans 2,524 5,879 172 8,575 2,761 5,870 861 9,492 Total loans: Pass 178,996 13,888 473 193,357 179,190 13,708 1,166 194,064 Special mention 1,040 64 - 1,104 196 69 - 265 Substandard 969 635 5 1,609 1,924 642 2 2,568 Doubtful - - - - - - - - Loss - - 479 479 - - 365 365 Total loans $ 181,005 $ 14,587 $ 957 $ 196,549 $ 181,310 $ 14,419 $ 1,533 $ 197,262
Schedule of information with respect to our loan portfolio delinquencies by portfolio segment and amount	As of June 30, 2017 31-60 Days 61-90 Days Greater Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 177,512 $ 178,481 Commercial real estate 190 147 - 337 864,213 864,550 Construction - - - - 117,239 117,239 Home equity 173 - - 173 8,535 8,708 Commercial business 350 156 - 506 252,701 253,207 Consumer - - - - 785 785 Total originated loans 713 303 969 1,985 1,420,985 1,422,970 Acquired Loans Real estate loans: Residential real estate - - - - 2,524 2,524 Commercial real estate - 159 478 637 37,893 38,530 Construction - - - - 109 109 Home equity - 95 355 450 5,429 5,879 Commercial business 57 96 180 333 15,771 16,104 Consumer - - 4 4 168 172 Total acquired loans 57 350 1,017 1,424 61,894 63,318 Total loans $ 770 $ 653 $ 1,986 $ 3,409 $ 1,482,879 $ 1,486,288 As of December 31, 2016 31-60 Days 61-90 Days Greater Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 177,580 $ 178,549 Commercial real estate 147 1,848 302 2,297 799,859 802,156 Construction - - - - 107,329 107,329 Home equity - 173 - 173 8,376 8,549 Commercial business - - 378 378 198,078 198,456 Consumer - - - - 672 672 Total originated loans 147 2,021 1,649 3,817 1,291,894 1,295,711 Acquired Loans Real estate loans: Residential real estate - - - - 2,761 2,761 Commercial real estate 866 722 143 1,731 41,435 43,166 Construction - - - - 112 112 Home equity - - 453 453 5,417 5,870 Commercial business 99 249 - 348 17,110 17,458 Consumer 6 - - 6 855 861 Total acquired loans 971 971 596 2,538 67,690 70,228 Total loans $ 1,118 $ 2,992 $ 2,245 $ 6,355 $ 1,359,584 $ 1,365,939
Schedule of nonaccrual loans by portfolio segment	June 30, December 31, 2017 2016 (In thousands) Residential real estate $ 969 $ 969 Commercial real estate 1,785 446 Home equity 635 643 Commercial business 1,568 538 Consumer 346 341 Total $ 5,303 $ 2,937
Schedule of summarizes impaired loans	Carrying Amount Unpaid Principal Balance Associated Allowance June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,009 $ 969 $ 2,009 $ 969 $ - $ - Commercial real estate 673 651 682 651 - - Home equity 249 259 264 269 - - Commercial business 2,400 551 2,400 584 - - Total impaired loans without a valuation allowance 5,331 2,430 5,355 2,473 - - Impaired loans with a valuation allowance: Commercial real estate 334 123 334 123 3 1 Commercial business 1,390 369 1,390 369 94 5 Consumer 341 341 341 341 341 341 Total impaired loans with a valuation allowance 2,065 833 2,065 833 438 347 Total originated impaired loans $ 7,396 $ 3,263 $ 7,420 $ 3,306 $ 438 $ 347 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,029 $ - $ 1,062 $ - $ - $ - Home equity 450 453 462 462 - - Commercial business 412 572 438 593 - - Total impaired loans without a valuation allowance 1,891 1,025 1,962 1,055 - - Impaired loans with a valuation allowance: Commercial Real Estate 144 144 144 144 7 7 Commercial business 200 390 203 390 88 37 Consumer 29 27 29 27 29 27 Total impaired loans with a valuation allowance 373 561 376 561 124 71 Total acquired impaired loans $ 2,264 $ 1,586 $ 2,338 $ 1,616 $ 124 $ 71 Total $ 9,660 $ 4,849 $ 9,758 $ 4,922 $ 562 $ 418 Average Recorded Investment Interest Income Recognized For the Three Months Ended For the Three Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,009 $ 969 $ - $ - Commercial real estate 679 3,220 5 - Home equity 251 269 - 1 Commercial business 2,402 264 4 20 Total impaired loans without a valuation allowance 5,341 4,722 9 21 Impaired loans with a valuation allowance: Commercial real estate 334 - - - Commercial business 1,398 532 4 6 Consumer 341 - - - Total impaired loans with a valuation allowance 2,073 532 4 6 Total originated impaired loans $ 7,414 $ 5,254 $ 13 $ 27 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,041 $ 441 $ - $ - Home equity 450 295 - 1 Commercial business 422 718 3 9 Total impaired loans without a valuation allowance 1,913 1,454 3 10 Impaired loans with a valuation allowance: Commercial real estate 144 144 - - Home equity - 162 - 2 Commercial business 201 728 - 11 Consumer 30 3 - - Total impaired loans with a valuation allowance 375 1,037 - 13 Total acquired impaired loans $ 2,288 $ 2,491 $ 3 $ 23 Total $ 9,702 $ 7,745 $ 16 $ 50 Average Recorded Investment Interest Income Recognized For the Six Months Ended For the Six Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,009 $ 969 $ - $ - Commercial real estate 695 3,220 9 26 Construction - - - - Home equity 254 273 - 1 Commercial business 2,407 259 9 21 Total impaired loans without a valuation allowance 5,365 4,721 18 48 Impaired loans with a valuation allowance: Commercial real estate 336 - 4 - Home Equity - - - - Commercial business 1,415 525 9 12 Consumer 341 - - - Total impaired loans with a valuation allowance 2,092 525 13 12 Total originated impaired loans $ 7,457 $ 5,246 $ 31 $ 60 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,062 $ 450 $ 10 $ - Home equity 454 296 - 1 Commercial business 443 728 6 17 Total impaired loans without a valuation allowance 1,959 1,474 16 18 Impaired loans with a valuation allowance: Commercial real estate 144 $ 144 - - Home equity - 162 - 2 Commercial business 204 743 - 18 Consumer 30 3 - - Total impaired loans with a valuation allowance 378 1,052 - 20 Total acquired impaired loans $ 2,337 $ 2,526 $ 16 $ 38 Total $ 9,794 $ 7,772 $ 47 $ 98
Schedule of loans whose terms were modified as TDRs during the periods	Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2017 2016 2017 2016 2017 2016 Three Months Ended June 30, Residential real estate 1 - $ 1,040 $ - $ 1,040 $ - Commercial business 2 2 345 259 345 259 Total 3 2 $ 1,385 $ 259 $ 1,385 $ 259 Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2017 2016 2017 2016 2017 2016 Six Months Ended June 30, Residential real estate 1 - $ 1,040 $ - $ 1,040 $ - Commercial business 2 2 345 259 345 259 Total 3 2 $ 1,385 $ 259 $ 1,385 $ 259
Schedule of information on how loans were modified as a TDR	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands) (In thousands) Payment concession $ 104 $ - $ 104 $ - Maturity concession $ 241 $ 259 $ 241 $ 259 Rate and payment concession 1,040 - 1,040 - Total $ 1,385 $ 259 $ 1,385 $ 259

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2017
Comprehensive Income [Abstract]
Schedule of changes in accumulated other comprehensive income (loss) by component	Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2017 $ 406 $ 623 $ 1,029 Other comprehensive income before reclassifications, net of tax 190 (197 ) (7 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income 190 (197 ) (7 ) Balance at June 30, 2017 $ 596 $ 426 $ 1,022 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2016 $ 1,071 $ (1,093 ) $ (22 ) Other comprehensive income (loss) before reclassifications, net of tax 248 (418 ) (170 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 156 (418 ) (262 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at December 31, 2016 $ 409 $ 481 $ 890 Other comprehensive income before reclassifications, net of tax 352 (55 ) 297 Amounts reclassified from accumulated other comprehensive income (165 ) - (165 ) Net other comprehensive (loss) income 187 (55 ) 132 Balance at June 30, 2017 $ 596 $ 426 $ 1,022 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at December 31, 2015 $ 405 $ (178 ) $ 227 Other comprehensive income (loss) before reclassifications, net of tax 914 (1,333 ) (419 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 822 (1,333 ) (511 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of reconciliation of earnings available to common stockholders and basic weighted-average common shares outstanding to diluted weighted average common shares outstanding	Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (In thousands, except per share data) (In thousands, except per share data) Net income $ 3,769 $ 2,896 $ 7,471 $ 5,887 Dividends to participating securities (1) (7 ) (6 ) (14 ) (11 ) Undistributed earnings allocated to participating securities (1) (44 ) (49 ) (86 ) (99 ) Net income for earnings per share calculation $ 3,718 $ 2,841 $ 7,371 $ 5,777 Weighted average shares outstanding, basic 7,551 7,388 7,538 7,384 Effect of dilutive equity-based awards (2) 95 80 100 62 Weighted average shares outstanding, diluted 7,646 7,468 7,638 7,446 Net earnings per common share: Basic earnings per common share $ 0.49 $ 0.38 $ 0.98 $ 0.78 Diluted earnings per common share 0.49 0.38 0.97 0.78 (1) Represents dividends paid and undistributed earnings allocated to unvested stock-based awards that contain non-forfeitable rights to dividends. (2) Represents the effect of the assumed exercise of stock options and warrants and the vesting of restricted shares, as applicable, utilizing the treasury stock method.

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2017
Banking and Thrift [Abstract]
Schedule of capital amounts and ratios	To be Well Capitalized Under For Capital Prompt Corrective Actual Capital Adequacy Purposes Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Bankwell Bank June 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 166,639 10.91 % $ 68,749 4.50 % $ 99,304 6.50 % Total Capital to Risk-Weighted Assets 185,723 12.16 % 122,220 8.00 % 152,775 10.00 % Tier I Capital to Risk-Weighted Assets 166,639 10.91 % 91,665 6.00 % 122,220 8.00 % Tier I Capital to Average Assets 166,639 9.75 % 68,372 4.00 % 85,465 5.00 % Bankwell Financial Group, Inc. June 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 148,983 9.73 % $ 68,905 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 193,144 12.61 % 122,498 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 148,983 9.73 % 91,874 6.00 % N/A N/A Tier I Capital to Average Assets 148,983 8.49 % 70,230 4.00 % N/A N/A To be Well Capitalized Under For Capital Prompt Corrective Actual Capital Adequacy Purposes Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Bankwell Bank December 31, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 157,604 11.59 % $ 61,168 4.50 % $ 88,353 6.50 % Total Capital to Risk-Weighted Assets 174,610 12.85 % 108,742 8.00 % 135,928 10.00 % Tier I Capital to Risk-Weighted Assets 157,604 11.59 % 81,557 6.00 % 108,742 8.00 % Tier I Capital to Average Assets 157,604 10.10 % 62,428 4.00 % 78,035 5.00 % Bankwell Financial Group, Inc. December 31, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 141,338 10.39 % $ 61,231 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 184,371 13.55 % 108,855 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 141,338 10.39 % 81,641 6.00 % N/A N/A Tier I Capital to Average Assets 141,338 9.06 % 62,415 4.00 % N/A N/A

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of status of outstanding stock options	Six Months Ended Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 120,988 $ 18.58 Exercised (28,511 ) 18.08 Forfeited (200 ) 15.00 Options outstanding at end of period 92,277 18.74 Options exercisable at end of period 92,277 18.74
Schedule of activity for restricted stock	Six Months Ended June 30, 2017 Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 96,594 $ 19.80 Granted 28,250 32.94 Vested (6,850 ) 19.72 Forfeited (14,774 ) 20.00 Unvested at end of period 103,220 23.38

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	June 30, 2017: (Dollars in thousands) Notional Original Received Paid Fair Value Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 3-month USD LIBOR 1.62 % $ (39 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.83 % (106 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.48 % 202 Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.22 % 596 $ 100,000 $ 653 December 31, 2016: (Dollars in thousands) Notional Original Received Paid Fair Value Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 3-month USD LIBOR 1.62 % $ (91 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.83 % (138 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.48 % 249 Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.22 % 717 $ 100,000 $ 737
Schedule of interest rate swap transactions	Original Effective Date of (Dollars in thousands) Notional Hedged Duration of Counterparty Type of borrowing: FHLB 90-day advance $ 25,000 April 1, 2014 4.7 years Bank of Montreal FHLB 90-day advance $ 25,000 January 2, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 August 26, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 July 1, 2016 5.0 years Bank of Montreal
Schedule of changes in the consolidated statements of comprehensive income related to interest rate derivatives designated as hedges of cash flows	Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2017 2016 2017 2016 Interest rate swap on FHLB advance: Unrealized losses recognized in accumulated other comprehensive income $ (302 ) $ (643 ) $ (84 ) $ (2,051 ) Income tax benefit on items recognized in accumulated other comprehensive income 105 225 29 718 Other comprehensive loss $ (197 ) $ (418 ) $ (55 ) $ (1,333 ) Interest expense recognized on hedged FHLB advance $ 384 $ 308 $ 768 $ 615

FAIR VALUE OF FINANCIAL INSTR30

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of carrying values and fair values of the Company s financial instruments	June 30, 2017 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 84,802 $ 84,802 $ 84,802 $ - $ - Federal funds sold 1,185 1,185 1,185 - - Available for sale securities 90,951 90,951 - 90,951 - Held to maturity securities 23,615 23,614 - 23,614 - Loans receivable, net 1,463,240 1,456,843 - - 1,456,843 Accrued interest receivable 5,239 5,239 - 5,239 - FHLB stock 8,033 8,033 - - 8,033 Servicing asset 512 512 - - 512 Derivative asset 798 798 - 798 - Financial Liabilities: Demand deposits $ 176,495 $ 176,495 $ - $ - $ 176,495 NOW and money market 469,045 469,045 - - 469,045 Savings 113,449 113,449 - - 113,449 Time deposits 655,296 655,880 - - 655,880 Accrued interest payable 844 844 - 844 - Advances from the FHLB 150,000 150,118 - - 150,118 Subordinated debentures 25,077 25,758 - - 25,758 Servicing liability 364 364 - - 364 Derivative liability 145 145 - 145 - December 31, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 96,026 $ 96,026 $ 96,026 $ - $ - Federal funds sold 329 329 329 - - Available for sale securities 87,751 87,751 - 87,751 - Held to maturity securities 16,859 16,851 - 16,851 - Loans held for sale 254 254 - 254 - Loans receivable, net 1,343,895 1,339,055 - - 1,339,055 Accrued interest receivable 4,958 4,958 - 4,958 - FHLB stock 7,943 7,943 - - 7,943 Derivative asset 966 966 - 966 - Financial Liabilities: Demand deposits $ 187,593 $ 187,593 $ - $ - $ 187,593 NOW and money market 402,982 402,982 - - 402,982 Savings 96,601 96,601 - - 96,601 Time deposits 601,861 603,456 - - 603,456 Accrued interest payable 837 837 - 837 - Advances from the FHLB 160,000 160,118 - - 160,118 Subordinated debentures 25,051 25,645 - - 25,645 Derivative liability 229 229 - 229 -

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of financial instruments carried at fair value on a recurring basis	Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2017: Available for sale investment securities: U.S. Government and agency obligations $ - $ 66,081 $ - State agency and municipal obligations - 14,613 - Corporate bonds - 10,257 - Derivative asset, net - 653 - December 31, 2016: Available for sale investment securities: U.S. Government and agency obligations $ - $ 62,698 $ - State agency and municipal obligations - 14,763 - Corporate bonds - 10,290 - Derivative asset, net - 737 -
Schedule of financial instruments carried at fair value on a nonrecurring basis	Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2017: Impaired loans $ - $ - $ 9,660 Foreclosed real estate - - 222 December 31, 2016: Impaired loans $ - $ - $ 4,849 Foreclosed real estate - - 272
Schedule of quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on a nonrecurring basis	(Dollars in thousands) Fair Value Valuation Unobservable Input Range June 30, 2017: Impaired loans $ 9,660 Appraisals Discount to appraised value 8.00 - 18.40% Discounted cash flows Discount rate 4.25 - 6.25% Foreclosed real estate $ 222 Appraisals Discount to appraised value 68% December 31, 2016: Impaired loans $ 4,849 Appraisals Discount to appraised value 8.00 - 28.00% Discounted cash flows Discount rate 4.25 - 6.25% Foreclosed real estate $ 272 Appraisals Discount to appraised value 20%

NATURE OF OPERATIONS AND SUMM32

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) $ / shares in Units, $ in Millions	May 15, 2014USD ($)$ / sharesshares	Oct. 31, 2014USD ($)Branch	Nov. 30, 2013USD ($)Branch	Aug. 19, 2015USD ($)
Business Acquisition [Line Items]
Debt issuance costs as direct deduction from debt liability				$ 0.5
Initial Public Offering ("IPO")
Business Acquisition [Line Items]
Number of common shares authorized to issue in initial public offering | shares	2,702,703
Price per share of shares issued (in dollars per share) | $ / shares	$ 18
Issuance of shares | shares	2,702,703
Net proceeds from the IPO	$ 44.7
Underwriting discount	2.5
Amount of expenses incurred in public offering	$ 1.3
Wilton Bank ("Wilton")
Business Acquisition [Line Items]
Number of branch acquired | Branch			1
Amount of loans acquired			$ 25.1
Amount of deposits acquired			$ 64.2
Quinnipiac
Business Acquisition [Line Items]
Number of branch acquired | Branch		2
Amount of loans acquired		$ 97.8
Amount of deposits acquired		$ 100.6

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Available for sale securities:
Amortized Cost	$ 90,031	$ 87,119
Gross Unrealized Gains	1,029	809
Gross Unrealized Losses	(109)	(177)
Fair Value	90,951	87,751
Held to maturity securities:
Amortized Cost	23,615	16,859
Gross Unrealized Gains	12	15
Gross Unrealized Losses	(13)	(23)
Fair value	23,614	16,851
U.S. Government and agency obligations
Available for sale securities:
Due from one through five years, Amortized Cost	12,987	62,357
Due from one through five years, Gross Unrealized Gains	86	295
Due from one through five years, Gross Unrealized Losses	(28)	(49)
Due from one through five years, Fair Value	13,045	62,603
Due after ten years, Amortized Cost	52,762	100
Due after ten years, Gross Unrealized Gains	312
Due after ten years, Gross Unrealized Losses	(38)	(5)
Due after ten years, Fair Value	53,036	95
Amortized Cost	65,749	62,457
Gross Unrealized Gains	398	295
Gross Unrealized Losses	(66)	(54)
Fair Value	66,081	62,698
State agency, U.S. territories and municipal obligations
Available for sale securities:
Due from one through five years, Amortized Cost	1,630	827
Due from one through five years, Gross Unrealized Gains	84	24
Due from one through five years, Gross Unrealized Losses		(3)
Due from one through five years, Fair Value	1,714	848
Due from five through ten years, Amortized Cost	9,239	8,045
Due from five through ten years, Gross Unrealized Gains	305	189
Due from five through ten years, Gross Unrealized Losses		(1)
Due from five through ten years, Fair Value	9,544	8,233
Due after ten years, Amortized Cost	3,285	5,623
Due after ten years, Gross Unrealized Gains	113	178
Due after ten years, Gross Unrealized Losses	(43)	(119)
Due after ten years, Fair Value	3,355	5,682
Amortized Cost	14,154	14,495
Gross Unrealized Gains	502	391
Gross Unrealized Losses	(43)	(123)
Fair Value	14,613	14,763
Held to maturity securities:
Due in less than one year, Amortized Cost	2,134
Due in less than one year, Gross Unrealized Gains
Due in less than one year, Gross Unrealized Losses
Due in less than one year, Fair Value	2,134
Due from one through five years, Amortized Cost	3,872	2,135
Due from one through five years, Gross Unrealized Gains
Due from one through five years, Gross Unrealized Losses
Due from one through five years, Fair Value	3,872	2,135
Due after ten years, Amortized Cost	16,477	13,575
Due after ten years, Gross Unrealized Gains
Due after ten years, Gross Unrealized Losses
Due after ten years, Fair Value	16,477	13,575
Amortized Cost	22,483	15,710
Gross Unrealized Gains
Gross Unrealized Losses
Fair value	22,483	15,710
Corporate bonds
Available for sale securities:
Due in less than one year, Amortized Cost	3,015	2,022
Due in less than one year, Gross Unrealized Gains	29	56
Due in less than one year, Gross Unrealized Losses
Due in less than one year, Fair Value	3,044	2,078
Due from one through five years, Amortized Cost	7,113	8,145
Due from one through five years, Gross Unrealized Gains	100	67
Due from one through five years, Gross Unrealized Losses
Due from one through five years, Fair Value	7,213	8,212
Amortized Cost	10,128	10,167
Gross Unrealized Gains	129	123
Gross Unrealized Losses
Fair Value	10,257	10,290
Held to maturity securities:
Due from one through five years, Amortized Cost	1,000	1,000
Due from one through five years, Gross Unrealized Gains
Due from one through five years, Gross Unrealized Losses	(13)	(23)
Due from one through five years, Fair Value	987	977
Government-sponsored mortgage backed securities
Held to maturity securities:
No contractual maturity, Amortized Cost	132	149
No contractual maturity, Gross Unrealized Gains	12	15
No contractual maturity, Gross Unrealized Losses
No contractual maturity, Fair Value	$ 144	$ 164

INVESTMENT SECURITIES - Informa

INVESTMENT SECURITIES - Information regarding investment securities with unrealized losses, aggregated by investment category and length of time that individual securities (Details 1) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	$ 8,345	$ 6,779
Less than 12 months - Unrealized Loss	$ (109)	$ (200)
Less than 12 months - Percent Decline from Amortized Cost	1.29%	2.86%
12 Months or More - Fair Value	$ 987
12 Months or More - Unrealized Loss	$ (13)
12 Months or More - Percent Decline from Amortized Cost	1.25%
Fair value - Total	$ 9,332	$ 6,779
Unrealized Loss - Total	$ (122)	$ (200)
Percent Decline from Amortized Cost - Total	1.29%	2.86%
U.S. Government and agency obligations
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	$ 7,454	$ 3,045
Less than 12 months - Unrealized Loss	$ (66)	$ (54)
Less than 12 months - Percent Decline from Amortized Cost	0.88%	1.74%
12 Months or More - Fair Value
12 Months or More - Unrealized Loss
12 Months or More - Percent Decline from Amortized Cost
Fair value - Total	$ 7,454	$ 3,045
Unrealized Loss - Total	$ (66)	$ (54)
Percent Decline from Amortized Cost - Total	0.88%	1.74%
State agency and municipal obligations
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	$ 891	$ 2,756
Less than 12 months - Unrealized Loss	$ (43)	$ (123)
Less than 12 months - Percent Decline from Amortized Cost	4.60%	4.29%
12 Months or More - Fair Value
12 Months or More - Unrealized Loss
12 Months or More - Percent Decline from Amortized Cost
Fair value - Total	$ 891	$ 2,756
Unrealized Loss - Total	$ (43)	$ (123)
Percent Decline from Amortized Cost - Total	4.60%	4.29%
Corporate bonds
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value		$ 978
Less than 12 months - Unrealized Loss		$ (23)
Less than 12 months - Percent Decline from Amortized Cost		2.25%
12 Months or More - Fair Value	$ 987
12 Months or More - Unrealized Loss	$ (13)
12 Months or More - Percent Decline from Amortized Cost	1.25%
Fair value - Total	$ 987	$ 978
Unrealized Loss - Total	$ (13)	$ (23)
Percent Decline from Amortized Cost - Total	1.25%	2.25%

INVESTMENT SECURITIES (Detail T

INVESTMENT SECURITIES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Gross realized gains	$ 0	$ 98	$ 165	$ 98
Value of sales proceeds	$ 0	3,800	$ 49,600	3,800
Gross realized loss		$ 6		$ 6
Securities pledged as collateral					$ 60,000

LOANS RECEIVABLE AND ALLOWANC36

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loan portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 1,486,288		$ 1,365,939
Allowance for loan losses	(19,536)	$ (18,511)	(17,982)	$ (16,100)	$ (14,810)	$ (14,169)
Deferred loan origination fees, net	(3,521)		(4,071)
Unamortized loan premiums	9		9
Loans receivable, net	1,463,240		1,343,895
Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	269,311		215,914
Allowance for loan losses	(5,564)	(4,821)	(4,283)	(3,816)	(3,092)	(3,334)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	957		1,533
Allowance for loan losses	(376)	(372)	(377)	(42)	(7)	(8)
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,216,020		1,148,492
Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	181,005		181,310
Allowance for loan losses	(1,465)	(1,494)	(1,498)	(1,484)	(1,503)	(1,444)
Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	903,080		845,322
Allowance for loan losses	(9,695)	(9,549)	(9,563)	(8,648)	(8,447)	(7,705)
Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	117,348		107,441
Allowance for loan losses	(2,268)	(2,122)	(2,105)	(1,920)	(1,583)	(1,504)
Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	14,587		14,419
Allowance for loan losses	(168)	(153)	(156)	(190)	(178)	(174)
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,422,970		1,295,711
Allowance for loan losses	(19,409)	(18,398)	(17,883)	(16,039)	(14,787)	(14,128)
Deferred loan origination fees, net	(3,521)		(4,071)
Unamortized loan premiums	9		9
Loans receivable, net	1,400,049		1,273,766
Originated | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	253,207		198,456
Allowance for loan losses	(5,474)	(4,742)	(4,240)	(3,792)	(3,086)	(3,310)
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	785		672
Allowance for loan losses	(347)	(346)	(350)	(39)	(3)	(3)
Originated | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,168,978		1,096,583
Originated | Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	178,481		178,549
Allowance for loan losses	(1,465)	(1,494)	(1,498)	(1,484)	(1,503)	(1,444)
Originated | Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	864,550		802,156
Allowance for loan losses	(9,687)	(9,541)	(9,534)	(8,625)	(8,434)	(7,693)
Originated | Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	117,239		107,329
Allowance for loan losses	(2,268)	(2,122)	(2,105)	(1,920)	(1,583)	(1,504)
Originated | Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,708		8,549
Allowance for loan losses	(168)	(153)	(156)	(179)	(178)	(174)
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	63,318		70,228
Allowance for loan losses	(127)	(113)	(99)	(61)	(23)	(41)
Deferred loan origination fees, net
Unamortized loan premiums
Loans receivable, net	63,191		70,129
Acquired | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	16,104		17,458
Allowance for loan losses	(90)	(79)	(43)	(24)	(6)	(24)
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	172		861
Allowance for loan losses	(29)	(26)	(27)	(3)	(4)	(5)
Acquired | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,042		51,909
Acquired | Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,524		2,761
Allowance for loan losses
Acquired | Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	38,530		43,166
Allowance for loan losses	(8)	(8)	(29)	(23)	(13)	$ (12)
Acquired | Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	109		112
Allowance for loan losses
Acquired | Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,879		5,870
Allowance for loan losses				$ (11)

LOANS RECEIVABLE AND ALLOWANC37

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of activity in accretable yields for acquired loan portfolio (Details 1) - Acquired - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period		$ 636	$ 771	$ 666	$ 871
Accretion		(29)	(38)	(59)	(87)
Other	[1]				(51)
Balance at end of period		$ 607	$ 733	$ 607	$ 733
[1]	Represents changes in cash flows expected to be collected due to loan sales or payoffs.

LOANS RECEIVABLE AND ALLOWANC38

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of allowance for loan losses by portfolio segment (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 18,511	$ 14,810	$ 17,982	$ 14,169
Charge-offs	(16)	(12)	(31)	(22)
Recoveries	146	1	147	6
Provisions	895	1,301	1,438	1,947
Ending balance	19,536	16,100	19,536	16,100
Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4,821	3,092	4,283	3,334
Charge-offs
Recoveries
Provisions	743	724	1,281	482
Ending balance	5,564	3,816	5,564	3,816
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	372	7	377	8
Charge-offs	(16)	(12)	(31)	(15)
Recoveries		1	1	6
Provisions	20	46	29	43
Ending balance	376	42	376	42
Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,494	1,503	1,498	1,444
Charge-offs
Recoveries	146		146
Provisions	(175)	(19)	(179)	40
Ending balance	1,465	1,484	1,465	1,484
Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	9,549	8,447	9,563	7,705
Charge-offs
Recoveries
Provisions	146	201	132	943
Ending balance	9,695	8,648	9,695	8,648
Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,122	1,583	2,105	1,504
Charge-offs				(7)
Recoveries
Provisions	146	337	163	423
Ending balance	2,268	1,920	2,268	1,920
Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	153	178	156	174
Charge-offs
Recoveries
Provisions	15	12	12	16
Ending balance	168	190	168	190
Originated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	18,398	14,787	17,883	14,128
Charge-offs	(16)	(8)	(16)	(9)
Recoveries	146	1	147	6
Provisions	881	1,259	1,395	1,914
Ending balance	19,409	16,039	19,409	16,039
Originated | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4,742	3,086	4,240	3,310
Charge-offs
Recoveries
Provisions	732	706	1,234	482
Ending balance	5,474	3,792	5,474	3,792
Originated | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	346	3	350	3
Charge-offs	(16)	(8)	(16)	(9)
Recoveries		1	1	6
Provisions	17	43	12	39
Ending balance	347	39	347	39
Originated | Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,494	1,503	1,498	1,444
Charge-offs
Recoveries	146		146
Provisions	(175)	(19)	(179)	40
Ending balance	1,465	1,484	1,465	1,484
Originated | Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	9,541	8,434	9,534	7,693
Charge-offs
Recoveries
Provisions	146	191	153	932
Ending balance	9,687	8,625	9,687	8,625
Originated | Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,122	1,583	2,105	1,504
Charge-offs
Recoveries
Provisions	146	337	163	416
Ending balance	2,268	1,920	2,268	1,920
Originated | Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	153	178	156	174
Charge-offs
Recoveries
Provisions	15	1	12	5
Ending balance	168	179	168	179
Acquired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	113	23	99	41
Charge-offs		(4)	(15)	(13)
Recoveries
Provisions	14	42	43	33
Ending balance	127	61	127	61
Acquired | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	79	6	43	24
Charge-offs
Recoveries
Provisions	11	18	47
Ending balance	90	24	90	24
Acquired | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	26	4	27	5
Charge-offs		(4)	(15)	(6)
Recoveries
Provisions	3	3	17	4
Ending balance	29	3	29	3
Acquired | Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance
Charge-offs
Recoveries
Provisions
Ending balance
Acquired | Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8	13	29	12
Charge-offs
Recoveries
Provisions		10	(21)	11
Ending balance	8	23	8	23
Acquired | Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance
Charge-offs				(7)
Recoveries
Provisions				7
Ending balance
Acquired | Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance
Charge-offs
Recoveries
Provisions		11		11
Ending balance		$ 11		$ 11

LOANS RECEIVABLE AND ALLOWANC39

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary, by portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio (Details 3) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	$ 9,660		$ 4,849
Loans individually evaluated for impairment, Allowance	562		418
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,476,628		1,361,090
Loans collectively evaluated for impairment, Allowance	18,974		17,564
Portfolio, Total	1,486,288		1,365,939
Allowance, Total	19,536	$ 18,511	17,982	$ 16,100	$ 14,810	$ 14,169
Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	4,402		1,882
Loans individually evaluated for impairment, Allowance	182		42
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	264,909		214,032
Loans collectively evaluated for impairment, Allowance	5,382		4,241
Portfolio, Total	269,311		215,914
Allowance, Total	5,564	4,821	4,283	3,816	3,092	3,334
Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	370		368
Loans individually evaluated for impairment, Allowance	370		368
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	587		1,165
Loans collectively evaluated for impairment, Allowance	6		9
Portfolio, Total	957		1,533
Allowance, Total	376	372	377	42	7	8
Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,216,020		1,148,492
Residential | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,009		969
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	178,996		180,341
Loans collectively evaluated for impairment, Allowance	1,465		1,498
Portfolio, Total	181,005		181,310
Allowance, Total	1,465	1,494	1,498	1,484	1,503	1,444
Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,180		918
Loans individually evaluated for impairment, Allowance	10		8
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	900,900		844,404
Loans collectively evaluated for impairment, Allowance	9,685		9,555
Portfolio, Total	903,080		845,322
Allowance, Total	9,695	9,549	9,563	8,648	8,447	7,705
Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	117,348		107,441
Loans collectively evaluated for impairment, Allowance	2,268		2,105
Portfolio, Total	117,348		107,441
Allowance, Total	2,268	2,122	2,105	1,920	1,583	1,504
Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	699		712
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	13,888		13,707
Loans collectively evaluated for impairment, Allowance	168		156
Portfolio, Total	14,587		14,419
Allowance, Total	168	153	156	190	178	174
Originated
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	7,396		3,263
Loans individually evaluated for impairment, Allowance	438		347
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,415,574		1,292,448
Loans collectively evaluated for impairment, Allowance	18,971		17,536
Portfolio, Total	1,422,970		1,295,711
Allowance, Total	19,409	18,398	17,883	16,039	14,787	14,128
Originated | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	3,790		920
Loans individually evaluated for impairment, Allowance	94		5
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	249,417		197,536
Loans collectively evaluated for impairment, Allowance	5,380		4,235
Portfolio, Total	253,207		198,456
Allowance, Total	5,474	4,742	4,240	3,792	3,086	3,310
Originated | Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	341		341
Loans individually evaluated for impairment, Allowance	341		341
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	444		331
Loans collectively evaluated for impairment, Allowance	6		9
Portfolio, Total	785		672
Allowance, Total	347	346	350	39	3	3
Originated | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,168,978		1,096,583
Originated | Residential | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,009		969
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	176,472		177,580
Loans collectively evaluated for impairment, Allowance	1,465		1,498
Portfolio, Total	178,481		178,549
Allowance, Total	1,465	1,494	1,498	1,484	1,503	1,444
Originated | Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	1,007		774
Loans individually evaluated for impairment, Allowance	3		1
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	863,543		801,382
Loans collectively evaluated for impairment, Allowance	9,684		9,533
Portfolio, Total	864,550		802,156
Allowance, Total	9,687	9,541	9,534	8,625	8,434	7,693
Originated | Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	117,239		107,329
Loans collectively evaluated for impairment, Allowance	2,268		2,105
Portfolio, Total	117,239		107,329
Allowance, Total	2,268	2,122	2,105	1,920	1,583	1,504
Originated | Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	249		259
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	8,459		8,290
Loans collectively evaluated for impairment, Allowance	168		156
Portfolio, Total	8,708		8,549
Allowance, Total	168	153	156	179	178	174
Acquired
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,264		1,586
Loans individually evaluated for impairment, Allowance	124		71
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	61,054		68,642
Loans collectively evaluated for impairment, Allowance	3		28
Portfolio, Total	63,318		70,228
Allowance, Total	127	113	99	61	23	41
Acquired | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	612		962
Loans individually evaluated for impairment, Allowance	88		37
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	15,492		16,496
Loans collectively evaluated for impairment, Allowance	2		6
Portfolio, Total	16,104		17,458
Allowance, Total	90	79	43	24	6	24
Acquired | Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	29		27
Loans individually evaluated for impairment, Allowance	29		27
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	143		834
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	172		861
Allowance, Total	29	26	27	3	4	5
Acquired | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	47,042		51,909
Acquired | Residential | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	2,524		2,761
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	2,524		2,761
Allowance, Total
Acquired | Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	1,173		144
Loans individually evaluated for impairment, Allowance	7		7
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	37,357		43,022
Loans collectively evaluated for impairment, Allowance	1		22
Portfolio, Total	38,530		43,166
Allowance, Total	8	8	29	23	13	$ 12
Acquired | Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	109		112
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	109		112
Allowance, Total
Acquired | Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	450		453
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	5,429		5,417
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	5,879		5,870
Allowance, Total				$ 11

LOANS RECEIVABLE AND ALLOWANC40

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of the loan portfolio quality indicators by portfolio segment (Details 4) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,486,288	$ 1,365,939
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	269,311	215,914
Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,216,020	1,148,492
Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	903,080	845,322
Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	117,348	107,441
Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,422,970	1,295,711
Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	253,207	198,456
Originated | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,168,978	1,096,583
Originated | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	864,550	802,156
Originated | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	117,239	107,329
Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	63,318	70,228
Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	16,104	17,458
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	47,042	51,909
Acquired | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,530	43,166
Acquired | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	109	112
Commercial credit quality indicators
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,289,739	1,168,677
Commercial credit quality indicators | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,267,609	1,159,544
Commercial credit quality indicators | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	16,816	6,390
Commercial credit quality indicators | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,314	2,743
Commercial credit quality indicators | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	269,311	215,914
Commercial credit quality indicators | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	263,849	213,272
Commercial credit quality indicators | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,328	201
Commercial credit quality indicators | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,134	2,441
Commercial credit quality indicators | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	903,080	845,322
Commercial credit quality indicators | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	886,412	838,831
Commercial credit quality indicators | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,488	6,189
Commercial credit quality indicators | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,180	302
Commercial credit quality indicators | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	117,348	107,441
Commercial credit quality indicators | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	117,348	107,441
Commercial credit quality indicators | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,234,996	1,107,941
Commercial credit quality indicators | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,214,828	1,101,014
Commercial credit quality indicators | Originated | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	16,402	4,720
Commercial credit quality indicators | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,766	2,207
Commercial credit quality indicators | Originated | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	253,207	198,456
Commercial credit quality indicators | Originated | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	248,423	196,436
Commercial credit quality indicators | Originated | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,025	115
Commercial credit quality indicators | Originated | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,759	1,905
Commercial credit quality indicators | Originated | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	864,550	802,156
Commercial credit quality indicators | Originated | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	849,166	797,249
Commercial credit quality indicators | Originated | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,377	4,605
Commercial credit quality indicators | Originated | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,007	302
Commercial credit quality indicators | Originated | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	117,239	107,329
Commercial credit quality indicators | Originated | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	117,239	107,329
Commercial credit quality indicators | Originated | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	54,743	60,736
Commercial credit quality indicators | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	52,781	58,530
Commercial credit quality indicators | Acquired | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	414	1,670
Commercial credit quality indicators | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,548	536
Commercial credit quality indicators | Acquired | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	16,104	17,458
Commercial credit quality indicators | Acquired | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,426	16,836
Commercial credit quality indicators | Acquired | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	303	86
Commercial credit quality indicators | Acquired | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	375	536
Commercial credit quality indicators | Acquired | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,530	43,166
Commercial credit quality indicators | Acquired | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	37,246	41,582
Commercial credit quality indicators | Acquired | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	111	1,584
Commercial credit quality indicators | Acquired | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,173
Commercial credit quality indicators | Acquired | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	109	112
Commercial credit quality indicators | Acquired | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	109	112
Commercial credit quality indicators | Acquired | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans

LOANS RECEIVABLE AND ALLOWANC41

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of the loan portfolio quality indicators by portfolio segment (Details 5) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,486,288	$ 1,365,939
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	957	1,533
Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,216,020	1,148,492
Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	181,005	181,310
Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,587	14,419
Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,422,970	1,295,711
Originated | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	785	672
Originated | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,168,978	1,096,583
Originated | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,481	178,549
Originated | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,708	8,549
Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	63,318	70,228
Acquired | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	172	861
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	47,042	51,909
Acquired | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,524	2,761
Acquired | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,879	5,870
Residential and Consumer credit quality indicators
Financing Receivable, Recorded Investment [Line Items]
Total loans	196,549	197,262
Residential and Consumer credit quality indicators | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	193,357	194,064
Residential and Consumer credit quality indicators | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,104	265
Residential and Consumer credit quality indicators | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,609	2,568
Residential and Consumer credit quality indicators | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	479	365
Residential and Consumer credit quality indicators | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	957	1,533
Residential and Consumer credit quality indicators | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	473	1,166
Residential and Consumer credit quality indicators | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	5	2
Residential and Consumer credit quality indicators | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	479	365
Residential and Consumer credit quality indicators | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	181,005	181,310
Residential and Consumer credit quality indicators | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,996	179,190
Residential and Consumer credit quality indicators | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,040	196
Residential and Consumer credit quality indicators | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	969	1,924
Residential and Consumer credit quality indicators | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,587	14,419
Residential and Consumer credit quality indicators | Home Equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,888	13,708
Residential and Consumer credit quality indicators | Home Equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	64	69
Residential and Consumer credit quality indicators | Home Equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	635	642
Residential and Consumer credit quality indicators | Home Equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Home Equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	187,974	187,770
Residential and Consumer credit quality indicators | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	185,375	185,583
Residential and Consumer credit quality indicators | Originated | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,104	216
Residential and Consumer credit quality indicators | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,154	1,630
Residential and Consumer credit quality indicators | Originated | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	341	341
Residential and Consumer credit quality indicators | Originated | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	785	672
Residential and Consumer credit quality indicators | Originated | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	444	331
Residential and Consumer credit quality indicators | Originated | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	341	341
Residential and Consumer credit quality indicators | Originated | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,481	178,549
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,472	176,961
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,040	147
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	969	1,441
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,708	8,549
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,459	8,291
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	64	69
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	185	189
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,575	9,492
Residential and Consumer credit quality indicators | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,982	8,481
Residential and Consumer credit quality indicators | Acquired | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		49
Residential and Consumer credit quality indicators | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	455	938
Residential and Consumer credit quality indicators | Acquired | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	138	24
Residential and Consumer credit quality indicators | Acquired | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	172	861
Residential and Consumer credit quality indicators | Acquired | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	29	835
Residential and Consumer credit quality indicators | Acquired | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	5	2
Residential and Consumer credit quality indicators | Acquired | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	138	24
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,524	2,761
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,524	2,229
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		49
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		483
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,879	5,870
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,429	5,417
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	450	$ 453
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans

LOANS RECEIVABLE AND ALLOWANC42

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loan portfolio delinquencies by portfolio segment and amount (Details 6) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,409	$ 6,355
Current	1,482,879	1,359,584
Total Loans	1,486,288	1,365,939
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	770	1,118
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	653	2,992
Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,986	2,245
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	269,311	215,914
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	957	1,533
Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,216,020	1,148,492
Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	181,005	181,310
Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	903,080	845,322
Construction | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	117,348	107,441
Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	14,587	14,419
Originated
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,985	3,817
Current	1,420,985	1,291,894
Total Loans	1,422,970	1,295,711
Originated | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	713	147
Originated | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	303	2,021
Originated | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969	1,649
Originated | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	506	378
Current	252,701	198,078
Total Loans	253,207	198,456
Originated | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	350
Originated | Commercial business | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	156
Originated | Commercial business | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		378
Originated | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	785	672
Total Loans	785	672
Originated | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Consumer | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,168,978	1,096,583
Originated | Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969	969
Current	177,512	177,580
Total Loans	178,481	178,549
Originated | Residential | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Residential | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Residential | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969	969
Originated | Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	337	2,297
Current	864,213	799,859
Total Loans	864,550	802,156
Originated | Commercial | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	190	147
Originated | Commercial | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	147	1,848
Originated | Commercial | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		302
Originated | Construction | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	117,239	107,329
Total Loans	117,239	107,329
Originated | Construction | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Construction | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Construction | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	173	173
Current	8,535	8,376
Total Loans	8,708	8,549
Originated | Home equity | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	173
Originated | Home equity | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		173
Originated | Home equity | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,424	2,538
Current	61,894	67,690
Total Loans	63,318	70,228
Acquired | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	57	971
Acquired | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	350	971
Acquired | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,017	596
Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	333	348
Current	15,771	17,110
Total Loans	16,104	17,458
Acquired | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	57	99
Acquired | Commercial business | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	96	249
Acquired | Commercial business | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	180
Acquired | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4	6
Current	168	855
Total Loans	172	861
Acquired | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		6
Acquired | Consumer | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4
Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	47,042	51,909
Acquired | Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	2,524	2,761
Total Loans	2,524	2,761
Acquired | Residential | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Residential | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Residential | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	637	1,731
Current	37,893	41,435
Total Loans	38,530	43,166
Acquired | Commercial | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		866
Acquired | Commercial | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	159	722
Acquired | Commercial | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	478	143
Acquired | Construction | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	109	112
Total Loans	109	112
Acquired | Construction | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Construction | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Construction | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	450	453
Current	5,429	5,417
Total Loans	5,879	5,870
Acquired | Home equity | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Home equity | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	95
Acquired | Home equity | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 355	$ 453

LOANS RECEIVABLE AND ALLOWANC43

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of nonaccrual loans by portfolio segment (Details 7) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 5,303	$ 2,937
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	1,568	538
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	346	341
Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	969	969
Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	1,785	446
Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 635	$ 643

LOANS RECEIVABLE AND ALLOWANC44

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of impaired loans (Details 8) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Total impaired loans
Total impaired loans, Carrying Amount	$ 9,660	$ 4,849
Total impaired loans, Unpaid Principal Balance	9,758	4,922
Total impaired loans, Associated Allowance	562	418
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	5,331	2,430
Impaired loans without a valuation allowance, Unpaid Principal Balance	5,355	2,473
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	2,065	833
Impaired loans with a valuation allowance, Unpaid Principal Balance	2,065	833
Impaired loans with a valuation allowance, Associated Allowance	438	347
Total impaired loans
Total impaired loans, Carrying Amount	7,396	3,263
Total impaired loans, Unpaid Principal Balance	7,420	3,306
Total impaired loans, Associated Allowance	438	347
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	2,400	551
Impaired loans without a valuation allowance, Unpaid Principal Balance	2,400	584
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	1,390	369
Impaired loans with a valuation allowance, Unpaid Principal Balance	1,390	369
Impaired loans with a valuation allowance, Associated Allowance	94	5
Originated | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	341	341
Impaired loans with a valuation allowance, Unpaid Principal Balance	341	341
Impaired loans with a valuation allowance, Associated Allowance	341	341
Originated | Residential | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	2,009	969
Impaired loans without a valuation allowance, Unpaid Principal Balance	2,009	969
Originated | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	673	651
Impaired loans without a valuation allowance, Unpaid Principal Balance	682	651
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	334	123
Impaired loans with a valuation allowance, Unpaid Principal Balance	334	123
Impaired loans with a valuation allowance, Associated Allowance	3	1
Originated | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	249	259
Impaired loans without a valuation allowance, Unpaid Principal Balance	264	269
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	1,891	1,025
Impaired loans without a valuation allowance, Unpaid Principal Balance	1,962	1,055
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	373	561
Impaired loans with a valuation allowance, Unpaid Principal Balance	376	561
Impaired loans with a valuation allowance, Associated Allowance	124	71
Total impaired loans
Total impaired loans, Carrying Amount	2,264	1,586
Total impaired loans, Unpaid Principal Balance	2,338	1,616
Total impaired loans, Associated Allowance	124	71
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	412	572
Impaired loans without a valuation allowance, Unpaid Principal Balance	438	593
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	200	390
Impaired loans with a valuation allowance, Unpaid Principal Balance	203	390
Impaired loans with a valuation allowance, Associated Allowance	88	37
Acquired | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	29	27
Impaired loans with a valuation allowance, Unpaid Principal Balance	29	27
Impaired loans with a valuation allowance, Associated Allowance	29	27
Acquired | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	1,029
Impaired loans without a valuation allowance, Unpaid Principal Balance	1,062
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	144	144
Impaired loans with a valuation allowance, Unpaid Principal Balance	144	144
Impaired loans with a valuation allowance, Associated Allowance	7	7
Acquired | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	450	453
Impaired loans without a valuation allowance, Unpaid Principal Balance	$ 462	$ 462

LOANS RECEIVABLE AND ALLOWANC45

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of average recorded investment balance of impaired loans and interest income recognized on impaired loans by portfolio segment (Details 9) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Total impaired loans
Total impaired loans, Average Recorded Investment	$ 9,702	$ 7,745	$ 9,794	$ 7,772
Total impaired loans, Interest Income Recognized	16	50	47	98
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	5,341	4,722	5,365	4,721
Impaired loans without a valuation allowance, Interest Income Recognized	9	21	18	48
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	2,073	532	2,092	525
Impaired loans with a valuation allowance, Interest Income Recognized	4	6	13	12
Total impaired loans
Total impaired loans, Average Recorded Investment	7,414	5,254	7,457	5,246
Total impaired loans, Interest Income Recognized	13	27	31	60
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	2,402	264	2,407	259
Impaired loans without a valuation allowance, Interest Income Recognized	4	20	9	21
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	1,398	532	1,415	525
Impaired loans with a valuation allowance, Interest Income Recognized	4	6	9	12
Originated | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	341		341
Impaired loans with a valuation allowance, Interest Income Recognized
Originated | Residential | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	2,009	969	2,009	969
Impaired loans without a valuation allowance, Interest Income Recognized
Originated | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	679	3,220	695	3,220
Impaired loans without a valuation allowance, Interest Income Recognized	5		9	26
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	334		336
Impaired loans with a valuation allowance, Interest Income Recognized			4
Originated | Construction | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment
Impaired loans without a valuation allowance, Interest Income Recognized
Originated | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	251	269	254	273
Impaired loans without a valuation allowance, Interest Income Recognized		1		1
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment
Impaired loans with a valuation allowance, Interest Income Recognized
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	1,913	1,454	1,959	1,474
Impaired loans without a valuation allowance, Interest Income Recognized	3	10	16	18
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	375	1,037	378	1,052
Impaired loans with a valuation allowance, Interest Income Recognized		13		20
Total impaired loans
Total impaired loans, Average Recorded Investment	2,288	2,491	2,337	2,526
Total impaired loans, Interest Income Recognized	3	23	16	38
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	422	718	443	728
Impaired loans without a valuation allowance, Interest Income Recognized	3	9	6	17
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	201	728	204	743
Impaired loans with a valuation allowance, Interest Income Recognized		11		18
Acquired | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	30	3	30	3
Impaired loans with a valuation allowance, Interest Income Recognized
Acquired | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	1,041	441	1,062	450
Impaired loans without a valuation allowance, Interest Income Recognized			10
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	144	144	144	144
Impaired loans with a valuation allowance, Interest Income Recognized
Acquired | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	450	295	454	296
Impaired loans without a valuation allowance, Interest Income Recognized		1		1
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment		162		162
Impaired loans with a valuation allowance, Interest Income Recognized		$ 2		$ 2

LOANS RECEIVABLE AND ALLOWANC46

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loans whose terms were modified as TDRs (Details 10) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)Loan	Jun. 30, 2016USD ($)Loan	Jun. 30, 2017USD ($)Loan	Jun. 30, 2016USD ($)Loan
Financing Receivable, Modifications [Line Items]
Number of Loans | Loan	3	2	3	2
Outstanding Recorded Investment Pre-Modification	$ 1,385	$ 259	$ 1,385	$ 259
Outstanding Recorded Investment Post-Modification	$ 1,385	$ 259	$ 1,385	$ 259
Residential | Real estate
Financing Receivable, Modifications [Line Items]
Number of Loans | Loan	1		1
Outstanding Recorded Investment Pre-Modification	$ 1,040		$ 1,040
Outstanding Recorded Investment Post-Modification	$ 1,040		$ 1,040
Commercial business
Financing Receivable, Modifications [Line Items]
Number of Loans | Loan	2	2	2	2
Outstanding Recorded Investment Pre-Modification	$ 345	$ 259	$ 345	$ 259
Outstanding Recorded Investment Post-Modification	$ 345	$ 259	$ 345	$ 259

LOANS RECEIVABLE AND ALLOWANC47

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loans were modified as TDR (Details 11) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Payment concession	$ 104		$ 104
Maturity concession	241	259	241	259
Rate and payment concession	1,040		1,040
Total	$ 1,385	$ 259	$ 1,385	$ 259

LOANS RECEIVABLE AND ALLOWANC48

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Detail Textuals) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Percentage of market value of the collateral	80.00%
Maximum percent of the loan in comparison with original appraised value of the property	80.00%
Possible loss amount determined as a result of an impairment analysis	$ 0
Recorded investment in TDR	2,700	$ 1,400
TDR on non accrual status	$ 391	$ 66
Minimum
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property	80.00%
Real estate | Residential loan
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property	80.00%
Real estate | Home equity | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property	80.00%

SHAREHOLDERS' EQUITY (Detail Te

SHAREHOLDERS' EQUITY (Detail Textuals) - Initial Public Offering ("IPO") $ / shares in Units, $ in Millions	May 15, 2014USD ($)$ / sharesshares
Stockholders Equity Note [Line Items]
Number of common shares authorized to issue in initial public offering | shares	2,702,703
Price per share of shares issued (in dollars per share) | $ / shares	$ 18
Issuance of shares | shares	2,702,703
Net proceeds from the IPO	$ 44.7
Underwriting discount	2.5
Amount of expenses incurred in public offering	$ 1.3

SHAREHOLDERS' EQUITY (Detail 50

SHAREHOLDERS' EQUITY (Detail Textuals 1) - $ / shares	Oct. 01, 2014	Jun. 30, 2017
Stockholders Equity Note [Line Items]
Number of warrants exercised		22,400
Quinnipiac Bank And Trust Company
Stockholders Equity Note [Line Items]
Number of warrants issued	68,600
Number of common stock shares purchased under each warrant	0.56
Exercise price of warrant	$ 17.86

COMPREHENSIVE INCOME - Summary

COMPREHENSIVE INCOME - Summary of changes in accumulated other comprehensive income (loss) by component, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	$ 1,029	$ (22)	$ 890	$ 227
Other comprehensive income before reclassifications, net of tax	(7)	(170)	297	(419)
Amounts reclassified from accumulated other comprehensive income		(92)	(165)	(92)
Net other comprehensive (loss) income	(7)	(262)	132	(511)
Balance	1,022	(284)	1,022	(284)
Net Unrealized Gain (Loss) on Available for Sale Securities
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	406	1,071	409	405
Other comprehensive income before reclassifications, net of tax	190	248	352	914
Amounts reclassified from accumulated other comprehensive income		(92)	(165)	(92)
Net other comprehensive (loss) income	190	156	187	822
Balance	596	1,227	596	1,227
Net Unrealized Gain (Loss) on Interest Rate Swap
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	623	(1,093)	481	(178)
Other comprehensive income before reclassifications, net of tax	(197)	(418)	(55)	(1,333)
Amounts reclassified from accumulated other comprehensive income
Net other comprehensive (loss) income	(197)	(418)	(55)	(1,333)
Balance	$ 426	$ (1,511)	$ 426	$ (1,511)

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of earnings available to common stockholders and basic weighted-average common shares outstanding to diluted weighted average common shares outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Net income		$ 3,769	$ 2,896	$ 7,471	$ 5,887
Dividends to participating securities	[1]	(7)	(6)	(14)	(11)
Undistributed earnings allocated to participating securities	[1]	(44)	(49)	(86)	(99)
Net income for earnings per share calculation		$ 3,718	$ 2,841	$ 7,371	$ 5,777
Weighted average shares outstanding, basic		7,550,734	7,387,712	7,538,069	7,383,965
Effect of dilutive equity-based awards	[2]	95	80	100	62
Weighted average shares outstanding, diluted		7,645,930	7,467,954	7,638,350	7,446,456
Net earnings per common share:
Basic earnings per common share (in dollars per share)		$ 0.49	$ 0.38	$ 0.98	$ 0.78
Diluted earnings per common share (in dollars per share)		$ 0.49	$ 0.38	$ 0.97	$ 0.78
[1]	Represents dividends paid and undistributed earnings allocated to unvested stock-based awards that contain non-forfeitable rights to dividends.
[2]	Represents the effect of the assumed exercise of stock options and warrants and the vesting of restricted shares, as applicable, utilizing the treasury stock method.

REGULATORY MATTERS - Capital am

REGULATORY MATTERS - Capital amounts and ratios for Bank (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Bankwell Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 166,639	$ 157,604
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.91%	11.59%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 68,749	$ 61,168
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 99,304	$ 88,353
Common Equity Tier 1 Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Total Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 185,723	$ 174,610
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	12.16%	12.85%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 122,220	$ 108,742
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 152,775	$ 135,928
Total Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier I Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 166,639	$ 157,604
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.91%	11.59%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 91,665	$ 81,557
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier I Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 122,220	$ 108,742
Tier I Capital to Risk-Weighted AssetsTo be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier I Capital to Average Assets, Actual Capital, Amount	$ 166,639	$ 157,604
Tier I Capital to Average Assets, Actual Capital, Ratio	9.75%	10.10%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 68,372	$ 62,428
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier I Capital to Average Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 85,465	$ 78,035
Tier I Capital to Average Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
Bankwell Financial Group Inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 148,983	$ 141,338
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	9.73%	10.39%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 68,905	$ 61,231
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Total Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 193,144	$ 184,371
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	12.61%	13.55%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 122,498	$ 108,855
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Tier I Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 148,983	$ 141,338
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	9.73%	10.39%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 91,874	$ 81,641
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier I Capital to Average Assets, Actual Capital, Amount	$ 148,983	$ 141,338
Tier I Capital to Average Assets, Actual Capital, Ratio	8.49%	9.06%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 70,230	$ 62,415
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Ratio	4.00%	4.00%

REGULATORY MATTERS (Detail Text

REGULATORY MATTERS (Detail Textuals)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of higher risk weight	150.00%
Risk weight of marketable equity securities	300.00%
Required minimum conservation buffer on January 1, 2016	0.625%
Required minimum conservation buffer on January 1, 2017	1.25%
Required minimum conservation buffer on January 1, 2018	1.875%
Required minimum conservation buffer on January 1, 2019	2.50%
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier I capital to Risk-weighted Assets	4.50%
Leverage ratio	4.00%
Tier 1 capital to risk-weighted assets requirement	6.00%	4.00%
Total capital to risk-weighted assets requirement	8.00%
Percentage of capital ratio	1.00%
Regulatory risk based capital conservation buffer	2.50%
Maximum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of capital ratio	2.00%

STOCK-BASED COMPENSATION - Outs

STOCK-BASED COMPENSATION - Outstanding share options (Details) - Employee Stock Options	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Number of Shares
Options outstanding at beginning of period | shares	120,988
Exercised | shares	(28,511)
Expired | shares	(200)
Options outstanding at end of period | shares	92,277
Options exercisable at end of period | shares	92,277
Weighted Average Exercise Price
Options outstanding at beginning of period | $ / shares	$ 18.58
Exercised | $ / shares	18.08
Expired | $ / shares	15
Options outstanding at end of period | $ / shares	18.74
Options exercisable at end of period | $ / shares	$ 18.74

STOCK-BASED COMPENSATION - Acti

STOCK-BASED COMPENSATION - Activity for restricted stock (Details 1)	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Number of Shares
Unvested at beginning of period | shares	96,594
Granted | shares	28,250
Vested | shares	(6,850)
Forfeited | shares	(14,774)
Unvested at end of period | shares	103,220
Weighted Average Grant Date Fair Value
Unvested at beginning of period | $ / shares	$ 19.80
Granted | $ / shares	32.94
Vested | $ / shares	19.72
Forfeited | $ / shares	20
Unvested at end of period | $ / shares	$ 23.38

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Detail Textuals) $ / shares in Units, $ in Thousands	Dec. 09, 2014$ / sharesshares	Jan. 31, 2016$ / shares	Jun. 30, 2017USD ($)Planshares	Jun. 30, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested | shares			6,850
Share based compensation plan modification description and terms		The total shares originally granted for the $29.00 price target have been modified to a time based restricted stock grant. The shares will vest over a four year period with the first installment having vested on December 1, 2016 and the remaining shares to vest on each annual anniversary thereafter. In addition, the shares originally granted for the $25.00 and $27.00 price targets have been modified. These shares vest over a period from the date of the modification to December 1, 2019 based on meeting the price targets.
Maximum time for price target		30 days
Method used to measure share awards		Monte Carlo simulation model
Employee Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of share options exercised | $			$ 398
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expenses | $			$ 434	$ 500
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award, vesting period			1 year
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award, vesting period			5 years
BNC Financial Group Inc Stock Option Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity award plans | Plan			5
Number of common stock reserved for issuance | shares			473,809
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expenses | $			$ 0	$ 105
Grant date fair value for shares granted	$ 18.99
Incremental cost		$ 13.66
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested | shares	49,400
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Stock price $25.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price	$ 25
Grant date fair value for shares granted	11.63
Incremental cost		2.19
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Stock price $27.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price	27
Grant date fair value for shares granted	10.30
Incremental cost		$ 2.03
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Stock price $29.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price	29
Grant date fair value for shares granted	$ 9.10

DERIVATIVE INSTRUMENTS - Inform

DERIVATIVE INSTRUMENTS - Information about derivative instruments (Details) - Cash Flow Hedging - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Notional Amount	$ 100,000	$ 100,000
Fair Value Asset (Liability)	653	737
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Original Maturity	4 years 8 months 12 days	4 years 8 months 12 days
Received	3-month USD LIBOR	3-month USD LIBOR
Paid	1.62%	1.62%
Fair Value Asset (Liability)	$ (39)	$ (91)
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Original Maturity	5 years	5 years
Received	3-month USD LIBOR	3-month USD LIBOR
Paid	1.83%	1.83%
Fair Value Asset (Liability)	$ (106)	$ (138)
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Original Maturity	5 years	5 years
Received	3-month USD LIBOR	3-month USD LIBOR
Paid	1.48%	1.48%
Fair Value Asset (Liability)	$ 202	$ 249
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Original Maturity	5 years	5 years
Received	3-month USD LIBOR	3-month USD LIBOR
Paid	1.22%	1.22%
Fair Value Asset (Liability)	$ 596	$ 717

DERIVATIVE INSTRUMENTS - Forwar

DERIVATIVE INSTRUMENTS - Forward starting interest rate swap transactions (Details 1) - Cash Flow Hedging - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Notional Amount	$ 100,000	$ 100,000
Interest rate swap
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Duration of Borrowing	4 years 8 months 12 days	4 years 8 months 12 days
Interest rate swap | FHLB 90-day advance | April 1, 2014
Derivative [Line Items]
Notional Amount	$ 25,000
Original Effective Date of Hedged Borrowing	Apr. 1, 2014
Duration of Borrowing	4 years 8 months 12 days
counter party	Bank of Montreal
Interest rate swap | FHLB 90-day advance | January 2, 2015
Derivative [Line Items]
Notional Amount	$ 25,000
Original Effective Date of Hedged Borrowing	Jan. 2, 2015
Duration of Borrowing	5 years
counter party	Bank of Montreal
Interest rate swap | FHLB 90-day advance | August 26, 2015
Derivative [Line Items]
Notional Amount	$ 25,000
Original Effective Date of Hedged Borrowing	Aug. 26, 2015
Duration of Borrowing	5 years
counter party	Bank of Montreal
Interest rate swap | FHLB 90-day advance | July 1, 2016
Derivative [Line Items]
Notional Amount	$ 25,000
Original Effective Date of Hedged Borrowing	Jul. 1, 2016
Duration of Borrowing	5 years
counter party	Bank of Montreal

DERIVATIVE INSTRUMENTS - Change

DERIVATIVE INSTRUMENTS - Changes in consolidated statements of comprehensive income related to interest rate derivatives (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest rate swap on FHLB advance:
Unrealized losses recognized in accumulated other comprehensive income	$ (302)	$ (643)	$ (84)	$ (2,051)
Income tax benefit on items recognized in accumulated other comprehensive income	105	225	29	718
Other comprehensive loss	(197)	(418)	(55)	(1,333)
Interest expense recognized on hedged FHLB advance	$ 384	$ 308	$ 768	$ 615

FAIR VALUE OF FINANCIAL INSTR61

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying values and fair values of financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financial Assets:
Federal funds sold	$ 1,185	$ 329
Available for sale securities	90,951	87,751
Held to maturity securities	23,615	16,859
Carrying Value
Financial Assets:
Cash and due from banks	84,802	96,026
Federal funds sold	1,185	329
Available for sale securities	90,951	87,751
Held to maturity securities	23,615	16,859
Loans held for sale		254
Loans receivable, net	1,463,240	1,343,895
Accrued interest receivable	5,239	4,958
FHLB stock	8,033	7,943
Servicing asset	512
Derivative asset	798	966
Financial Liabilities:
Demand deposits	176,495	187,593
NOW and money market	469,045	402,982
Savings	113,449	96,601
Time deposits	655,296	601,861
Accrued interest payable	844	837
Advances from the FHLB	150,000	160,000
Subordinated debentures	25,077	25,051
Servicing liability	364
Derivative liability	145	229
Fair Value
Financial Assets:
Cash and due from banks	84,802	96,026
Federal funds sold	1,185	329
Available for sale securities	90,951	87,751
Held to maturity securities	23,614	16,851
Loans held for sale		254
Loans receivable, net	1,456,843	1,339,055
Accrued interest receivable	5,239	4,958
FHLB stock	8,033	7,943
Servicing asset	512
Derivative asset	798	966
Financial Liabilities:
Demand deposits	176,495	187,593
NOW and money market	469,045	402,982
Savings	113,449	96,601
Time deposits	655,880	603,456
Accrued interest payable	844	837
Advances from the FHLB	150,118	160,118
Subordinated debentures	25,758	25,645
Servicing liability	364
Derivative liability	145	229
Level 1
Financial Assets:
Cash and due from banks	84,802	96,026
Federal funds sold	1,185	329
Available for sale securities
Held to maturity securities
Loans held for sale
Loans receivable, net
Accrued interest receivable
FHLB stock
Servicing asset
Derivative asset
Financial Liabilities:
Demand deposits
NOW and money market
Savings
Time deposits
Accrued interest payable
Advances from the FHLB
Subordinated debentures
Servicing liability
Derivative liability
Level 2
Financial Assets:
Cash and due from banks
Federal funds sold
Available for sale securities	90,951	87,751
Held to maturity securities	23,614	16,851
Loans held for sale		254
Loans receivable, net
Accrued interest receivable	5,239	4,958
FHLB stock
Servicing asset
Derivative asset	798	966
Financial Liabilities:
Demand deposits
NOW and money market
Savings
Time deposits
Accrued interest payable	844	837
Advances from the FHLB
Subordinated debentures
Servicing liability
Derivative liability	145	229
Level 3
Financial Assets:
Cash and due from banks
Federal funds sold
Available for sale securities
Held to maturity securities
Loans held for sale
Loans receivable, net	1,456,843	1,339,055
Accrued interest receivable
FHLB stock	8,033	7,943
Servicing asset	512
Derivative asset
Financial Liabilities:
Demand deposits	176,495	187,593
NOW and money market	469,045	402,982
Savings	113,449	96,601
Time deposits	655,880	603,456
Accrued interest payable
Advances from the FHLB	150,118	160,118
Subordinated debentures	25,758	25,645
Servicing liability	364
Derivative liability

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Available-for-sale investment securities:
Available for sale securities	$ 90,951	$ 87,751
Level 1
Available-for-sale investment securities:
Available for sale securities
Derivative asset
Level 2
Available-for-sale investment securities:
Available for sale securities	90,951	87,751
Derivative asset	798	966
Level 3
Available-for-sale investment securities:
Available for sale securities
Derivative asset
Fair Value Measurements Recurring | Level 1
Available-for-sale investment securities:
Derivative asset
Fair Value Measurements Recurring | Level 1 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 1 | State agency and municipal obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 1 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 2
Available-for-sale investment securities:
Derivative asset	653	737
Fair Value Measurements Recurring | Level 2 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities	66,081	62,698
Fair Value Measurements Recurring | Level 2 | State agency and municipal obligations
Available-for-sale investment securities:
Available for sale securities	14,613	14,763
Fair Value Measurements Recurring | Level 2 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities	10,257	10,290
Fair Value Measurements Recurring | Level 3
Available-for-sale investment securities:
Derivative asset
Fair Value Measurements Recurring | Level 3 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 3 | State agency and municipal obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 3 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities

FAIR VALUE MEASUREMENTS - Fin63

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on nonrecurring basis (Details 1) - Fair Value Measurements Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Foreclosed real estate
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Foreclosed real estate
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	9,660	4,849
Foreclosed real estate	$ 222	$ 272

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on nonrecurring basis (Details 2) - Level 3 - Fair Value Measurements Nonrecurring - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 9,660	$ 4,849
Foreclosed real estate	222	272
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 9,660	$ 4,849
Valuation Methodology, Appraisals	Appraisals	Appraisals
Valuation Methodology, Discounted cash flows	Discounted cash flows	Discounted cash flows
Impaired loans | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount to appraised value	8.00%	8.00%
Unobservable Input, Discount rate	4.25%	4.25%
Impaired loans | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount to appraised value	18.40%	28.00%
Unobservable Input, Discount rate	6.25%	6.25%
Foreclosed Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	$ 222	$ 272
Valuation Methodology, Appraisals	Appraisals	Appraisals
Unobservable Input, Discount to appraised value	68.00%	20.00%

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Detail Textuals) - Fixed rated subordinated notes $ in Millions	1 Months Ended
	Aug. 19, 2015USD ($)
Debt Instrument [Line Items]
Aggregate principal amount	$ 25.5
Notes non-callable term (in years)	5 years
Stated maturity date of notes	Aug. 15, 2025
Quarterly pay fixed interest rate of notes	5.75%

Income Taxes (Detail Textuals)

Income Taxes (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,394	$ 1,320	$ 4,129	$ 2,673
Effective tax rates	38.80%	31.30%	35.60%	31.20%