Bankwell Financial (BWFG) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 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		7,717,345
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS - (

CONSOLIDATED BALANCE SHEETS - (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 85,329	$ 96,026
Federal funds sold	11,117	329
Cash and cash equivalents	96,446	96,355
Available for sale investment securities, at fair value	86,272	87,751
Held to maturity investment securities, at amortized cost	23,573	16,859
Loans held for sale	785	254
Loans receivable (net of allowance for loan losses of $19,564 at September 30, 2017 and $17,982 at December 31, 2016)	1,500,574	1,343,895
Foreclosed real estate	222	272
Accrued interest receivable	5,344	4,958
Federal Home Loan Bank stock, at cost	9,351	7,943
Premises and equipment, net	17,509	17,835
Bank-owned life insurance	39,329	33,448
Goodwill	2,589	2,589
Other intangible assets	407	501
Deferred income taxes, net	8,834	9,085
Other assets	13,703	7,174
Total assets	1,804,938	1,628,919
Deposits
Noninterest bearing deposits	162,790	187,593
Interest bearing deposits	1,247,001	1,101,444
Total deposits	1,409,791	1,289,037
Advances from the Federal Home Loan Bank	195,000	160,000
Subordinated debentures	25,090	25,051
Accrued expenses and other liabilities	16,740	8,936
Total liabilities	1,646,621	1,483,024
Commitments and Contingencies
Shareholders' equity
Common stock, no par value; 10,000,000 shares authorized, 7,705,975 and 7,620,663 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	117,289	115,353
Retained earnings	39,777	29,652
Accumulated other comprehensive income	1,251	890
Total shareholders' equity	158,317	145,895
Total liabilities and shareholders' equity	$ 1,804,938	$ 1,628,919

CONSOLIDATED BALANCE SHEETS - 3

CONSOLIDATED BALANCE SHEETS - (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for loan losses (in dollars)	$ 19,564	$ 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	7,705,975	7,620,663
Common stock, shares outstanding	7,705,975	7,620,663

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Interest and dividend income
Interest and fees on loans	$ 17,175	$ 14,914	$ 49,348	$ 42,167
Interest and dividends on securities	934	688	2,623	2,083
Interest on cash and cash equivalents	239	31	501	98
Total interest income	18,348	15,633	52,472	44,348
Interest expense
Interest expense on deposits	3,416	2,160	9,092	5,862
Interest on borrowings	1,071	946	2,930	2,682
Total interest expense	4,487	3,106	12,022	8,544
Net interest income	13,861	12,527	40,450	35,804
Provision for loan losses	398	1,219	1,836	3,166
Net interest income after provision for loan losses	13,463	11,308	38,614	32,638
Noninterest income
Bank owned life insurance	295	174	881	522
Service charges and fees	254	241	755	721
Gains and fees from sales of loans	36	163	559	387
Gain on sale of foreclosed real estate, net				128
Net gain on sale of available for sale securities			165	92
Other	239	172	728	425
Total noninterest income	824	750	3,088	2,275
Noninterest expense
Salaries and employee benefits	3,952	3,839	11,681	11,324
Occupancy and equipment	1,449	1,435	4,580	4,235
Professional services	680	521	1,615	1,257
Data processing	621	417	1,467	1,201
Marketing	295	242	872	644
FDIC insurance	265	177	891	514
Director fees	207	198	683	636
Amortization of intangibles	31	39	93	119
Foreclosed real estate	3	47	70	149
Other	626	566	1,992	1,697
Total noninterest expense	8,129	7,481	23,944	21,776
Income before income tax expense	6,158	4,577	17,758	13,137
Income tax expense	1,895	1,437	6,024	4,110
Net income	$ 4,263	$ 3,140	$ 11,734	$ 9,027
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.55	$ 0.42	$ 1.53	$ 1.20
Diluted (in dollars per share)	$ 0.55	$ 0.41	$ 1.51	$ 1.19
Weighted Average Common Shares Outstanding:
Basic (in shares)	7,587,471	7,397,067	7,554,739	7,388,364
Diluted (in shares)	7,670,258	7,488,752	7,652,355	7,459,283
Dividends per common share (in dollars per share)	$ 0.07	$ 0.05	$ 0.21	$ 0.15

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 4,263	$ 3,140	$ 11,734	$ 9,027
Unrealized gain (loss) on securities:
Unrealized holding gain (loss) on available for sale securities	25	(371)	478	986
Reclassification adjustment for gain realized in net income			(165)	(92)
Net change in unrealized gain (loss)	25	(371)	313	894
Income tax (expense) benefit	(9)	130	(110)	(313)
Unrealized gain (loss) on securities, net of tax	16	(241)	203	581
Unrealized gain (loss) on interest rate swaps:
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges	327	904	243	(1,147)
Income tax (expense) benefit	(114)	(316)	(85)	402
Unrealized gain (loss) on interest rate swaps, net of tax	213	588	158	(745)
Total other comprehensive income (loss), net of tax	229	347	361	(164)
Comprehensive income	$ 4,492	$ 3,487	$ 12,095	$ 8,863

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		9,027		9,027
Other comprehensive income (loss), net of tax			(164)	(164)
Cash dividends declared ($0.21 and $0.15 per share for September 30, 2017 and 2016 respectively)		(1,131)		(1,131)
Stock-based compensation expense	$ 788			788
Forfeitures of restricted stock (in shares)	(683)
Issuance of restricted stock (in shares)	29,300
Stock options exercised	$ 283			283
Stock options exercised (in shares)	17,600
Balance at Sep. 30, 2016	$ 113,650	26,859	63	140,572
Balance (in shares) at Sep. 30, 2016	7,562,508
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		11,734		11,734
Other comprehensive income (loss), net of tax			361	361
Cash dividends declared ($0.21 and $0.15 per share for September 30, 2017 and 2016 respectively)		(1,609)		(1,609)
Stock-based compensation expense	$ 671			671
Forfeitures of restricted stock (in shares)	(15,549)
Issuance of restricted stock (in shares)	30,250
Warrants exercised	$ 550			550
Warrants exercised (in shares)	30,800
Stock options exercised	$ 715			715
Stock options exercised (in shares)	39,811
Balance at Sep. 30, 2017	$ 117,289	$ 39,777	$ 1,251	$ 158,317
Balance (in shares) at Sep. 30, 2017	7,705,975

CONSOLIDATED STATEMENTS OF SHA7

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - (UNAUDITED) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.07	$ 0.05	$ 0.21	$ 0.15

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities
Net income	$ 11,734	$ 9,027
Adjustments to reconcile net income to net cash provided by operating activities:
Net (accretion) amortization of premiums and discounts on investment securities	(22)	493
Provision for loan losses	1,836	3,166
Provision for (benefit from) deferred taxes	56	(1,448)
Net gain on sales of available for sale securities	(165)	(92)
Depreciation and amortization	1,034	1,305
Increase in cash surrender value of bank-owned life insurance	(881)	(522)
Loan principal sold	(16,161)	(6,214)
Proceeds from sales of loans	16,189	6,201
Net gain on sales of loans	(559)	(387)
Stock-based compensation	671	788
Net accretion of purchase accounting adjustments	(67)	(107)
Gain on sale and write-downs of foreclosed real estate	50	25
Amortization of debt issuance costs	39	39
Net change in:
Deferred loan fees	(655)	316
Accrued interest receivable	(386)	(428)
Other assets	(6,101)	(2,130)
Accrued expenses and other liabilities	7,804	1,374
Net cash provided by operating activities	14,416	11,406
Cash flows from investing activities
Proceeds from principal repayments on available for sale securities	3,452	734
Proceeds from principal repayments on held to maturity securities	146	155
Net proceeds from sales and calls of available for sale securities	52,810	8,813
Purchases of available for sale securities	(54,290)	(51,228)
Purchases of held to maturity securities	(6,852)	(6,834)
Purchase of bank-owned life insurance	(5,000)
Net increase in loans	(157,901)	(178,861)
Purchases of premises and equipment	(708)	(456)
Purchase of Federal Home Loan Bank stock	(1,408)	(1,390)
Proceeds from sale of foreclosed real estate		951
Net cash used by investing activities	(169,751)	(228,116)
Cash flows from financing activities
Net change in time certificates of deposit	45,215	157,904
Net change in other deposits	75,555	12,145
Net change in FHLB advances	35,000	55,000
Proceeds from exercise of warrants	550
Proceeds from exercise of options	715	283
Dividends paid on common stock	(1,609)	(1,131)
Net cash provided by financing activities	155,426	224,201
Net increase in cash and cash equivalents	91	7,491
Cash and cash equivalents:
Beginning of year	96,355	88,597
End of period	96,446	96,088
Cash paid for:
Interest	11,798	8,429
Income taxes	6,215	6,379
Supplemental disclosures of non-cash investing activities:
Net change in unrealized gains on available-for-sale securities	$ 313	$ 893

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 and throughout Connecticut, 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 and throughout Connecticut, 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 September 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 September 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. 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): ASU No. 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (Topic 815):

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 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 September 30, 2017 were as follows: September 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 $ 12,994 $ 72 $ (20 ) $ 13,046 Due after ten years 51,333 379 (24 ) 51,688 64,327 451 (44 ) 64,734 State agency and municipal obligations Due from one through five years 2,866 113 - 2,979 Due from five through ten years 7,380 300 - 7,680 Due after ten years 1,646 41 (30 ) 1,657 11,892 454 (30 ) 12,316 Corporate bonds Due in less than one year 2,004 12 - 2,016 Due from one through five years 7,104 102 - 7,206 9,108 114 - 9,222 Total available for sale securities $ 85,327 $ 1,019 $ (74 ) $ 86,272 Held to maturity securities: State agency and municipal obligations Due in less than one year $ 2,135 $ - $ - $ 2,135 Due from one through five years 3,876 - - 3,876 Due after ten years 16,440 - - 16,440 22,451 - - 22,451 Corporate bonds Due from one through five years 1,000 - (13 ) 987 Government-sponsored mortgage backed securities No contractual maturity 122 12 - 134 Total held to maturity securities $ 23,573 $ 12 $ (13 ) $ 23,572 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: State agency 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 nine months ended September 30, 2017, respectively. Total sales proceeds totaled $0 and $49.6 million for three and nine months ended September 30, 2017, respectively. There were no gross realized losses on the sale of investment securities for the three and nine months ended September 30, 2017. The gross realized gains on the sale of investment securities totaled $0 and $98 thousand for the three and nine months ended September 30, 2016, respectively. The gross realized losses on the sale of investment securities totaled $0 and $6 thousand for the three and nine months ended September 30, 2016, respectively. Total sales proceeds totaled $0 and $3.8 million for the three and nine months ended September 30, 2016, respectively. At September 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 September 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) September 30, 2017 U.S. Government and agency obligations $ 5,303 $ (23 ) 0.42 % $ 2,078 $ (21 ) 1.00 % $ 7,381 $ (44 ) 0.59 % State agency and municipal obligations 604 (29 ) 4.55 % 29 (1 ) 4.22 % 633 (30 ) 4.53 % Corporate bonds - - - 977 (13 ) 1.25 % 977 (13 ) 1.25 % Total investment securities $ 5,907 $ (52 ) 0.86 % $ 3,084 $ (35 ) 1.11 % $ 8,991 $ (87 ) 0.95 % 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 ten and eleven investment securities as of September 30, 2017 and December 31, 2016, respectively, 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 September 30, 2017 until the decline in value has recovered.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 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, which was at fair value at the date of acquisition. 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 September 30, 2017 and December 31, 2016: September 30, 2017 December 31, 2016 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 176,599 $ 2,349 $ 178,948 $ 178,549 $ 2,761 $ 181,310 Commercial 905,061 37,837 942,898 802,156 43,166 845,322 Construction 114,464 107 114,571 107,329 112 107,441 Home equity 8,428 5,472 13,900 8,549 5,870 14,419 1,204,552 45,765 1,250,317 1,096,583 51,909 1,148,492 Commercial business 256,519 15,986 272,505 198,456 17,458 215,914 Consumer 553 171 724 672 861 1,533 Total loans 1,461,624 61,922 1,523,546 1,295,711 70,228 1,365,939 Allowance for loan losses (19,437 ) (127 ) (19,564 ) (17,883 ) (99 ) (17,982 ) Deferred loan origination fees, net (3,416 ) - (3,416 ) (4,071 ) - (4,071 ) Unamortized loan premiums 8 - 8 9 - 9 Loans receivable, net $ 1,438,779 $ 61,795 $ 1,500,574 $ 1,273,766 $ 70,129 $ 1,343,895 Lending activities are conducted principally in the New York metropolitan area and throughout Connecticut, 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: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 Balance at beginning of period $ 607 $ 733 $ 666 $ 871 Accretion (27 ) (36 ) (86 ) (123 ) Other (a) - - - (51 ) Balance at end of period $ 580 $ 697 $ 580 $ 697 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 and nine months ended September 30, 2017 and 2016, by portfolio segment: Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended September 30, 2017 Originated Beginning balance $ 1,465 $ 9,687 $ 2,268 $ 168 $ 5,474 $ 347 $ 19,409 Charge-offs - - - - (366 ) (10 ) (376 ) Recoveries - - - - 4 2 6 Provisions (14 ) 15 (75 ) (6 ) 469 9 398 Ending balance $ 1,451 $ 9,702 $ 2,193 $ 162 $ 5,581 $ 348 $ 19,437 Acquired Beginning balance $ - $ 8 $ - $ - $ 90 $ 29 $ 127 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions - - - - 25 (25 ) - Ending balance $ - $ 8 $ - $ - $ 115 $ 4 $ 127 Total Beginning balance $ 1,465 $ 9,695 $ 2,268 $ 168 $ 5,564 $ 376 $ 19,536 Charge-offs - - - - (366 ) (10 ) (376 ) Recoveries - - - - 4 2 6 Provisions (14 ) 15 (75 ) (6 ) 494 (16 ) 398 Ending balance $ 1,451 $ 9,710 $ 2,193 $ 162 $ 5,696 $ 352 $ 19,564 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended September 30, 2016 Originated Beginning balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Charge-offs - - - - (59 ) (2 ) (61 ) Recoveries - - - - - 2 2 Provisions (4 ) 472 159 (9 ) 306 311 1,235 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Charge-offs - - - - (10 ) - (10 ) Recoveries - - - - - - - Provisions - 6 - (11 ) (11 ) - (16 ) Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Charge-offs - - - - (69 ) (2 ) (71 ) Recoveries - - - - - 2 2 Provisions (4 ) 478 159 (20 ) 295 311 1,219 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Nine Months Ended September 30, 2017 Originated Beginning balance $ 1,498 $ 9,534 $ 2,105 $ 156 $ 4,240 $ 350 $ 17,883 Charge-offs - - - - (366 ) (26 ) (392 ) Recoveries 146 - - - 4 3 153 Provisions (193 ) 168 88 6 1,703 21 1,793 Ending balance $ 1,451 $ 9,702 $ 2,193 $ 162 $ 5,581 $ 348 $ 19,437 Acquired Beginning balance $ - $ 29 $ - $ - $ 43 $ 27 $ 99 Charge-offs - - - - - (15 ) (15 ) Recoveries - - - - - - - Provisions - (21 ) - - 72 (8 ) 43 Ending balance $ - $ 8 $ - $ - $ 115 $ 4 $ 127 Total Beginning balance $ 1,498 $ 9,563 $ 2,105 $ 156 $ 4,283 $ 377 $ 17,982 Charge-offs - - - - (366 ) (41 ) (407 ) Recoveries 146 - - - 4 3 153 Provisions (193 ) 147 88 6 1,775 13 1,836 Ending balance $ 1,451 $ 9,710 $ 2,193 $ 162 $ 5,696 $ 352 $ 19,564 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Nine Months Ended September 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - (59 ) (10 ) (69 ) Recoveries - - - - - 7 7 Provisions 36 1,404 575 (4 ) 788 350 3,149 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - (10 ) (6 ) (23 ) Recoveries - - - - - - - Provisions - 17 7 - (11 ) 4 17 Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - (69 ) (16 ) (92 ) Recoveries - - - - - 7 7 Provisions 36 1,421 582 (4 ) 777 354 3,166 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250 The following tables are a summary, by portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio balances at September 30, 2017 and December 31, 2016: Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) September 30, 2017 Loans individually evaluated for impairment: Residential real estate $ 2,005 $ - $ - $ - $ 2,005 $ - Commercial real estate 6,561 - 1,150 8 7,711 8 Home equity 245 - 448 - 693 - Commercial business 3,391 4 743 115 4,134 119 Consumer 341 341 4 4 345 345 Subtotal 12,543 345 2,345 127 14,888 472 Loans collectively evaluated for impairment: Residential real estate 174,594 1,451 2,349 - 176,943 1,451 Commercial real estate 898,500 9,702 36,687 - 935,187 9,702 Construction 114,464 2,193 107 - 114,571 2,193 Home equity 8,183 162 5,024 - 13,207 162 Commercial business 253,128 5,577 15,243 - 268,371 5,577 Consumer 212 7 167 - 379 7 Subtotal 1,449,081 19,092 59,577 - 1,508,658 19,092 Total $ 1,461,624 $ 19,437 $ 61,922 $ 127 $ 1,523,546 $ 19,564 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 September 30, 2017 and December 31, 2016: Commercial Credit Quality Indicators At September 30, 2017 At December 31, 2016 Commercial Construction Commercial Total Commercial Construction Commercial Total (In thousands) Originated loans: Pass $ 887,857 $ 114,464 $ 252,422 $ 1,254,743 $ 797,249 $ 107,329 $ 196,436 $ 1,101,014 Special mention 16,213 - 2,533 18,746 4,605 - 115 4,720 Substandard 991 - 1,564 2,555 302 - 1,905 2,207 Doubtful - - - - - - - - Loss - - - - - - - - Total originated loans 905,061 114,464 256,519 1,276,044 802,156 107,329 198,456 1,107,941 Acquired loans: Pass 36,577 107 15,242 51,926 41,582 112 16,836 58,530 Special mention 110 - 293 403 1,584 - 86 1,670 Substandard 1,150 - 395 1,545 - - 536 536 Doubtful - - 56 56 - - - - Loss - - - - - - - - Total acquired loans 37,837 107 15,986 53,930 43,166 112 17,458 60,736 Total loans: Pass 924,434 114,571 267,664 1,306,669 838,831 107,441 213,272 1,159,544 Special mention 16,323 - 2,826 19,149 6,189 - 201 6,390 Substandard 2,141 - 1,959 4,100 302 - 2,441 2,743 Doubtful - - 56 56 - - - - Loss - - - - - - - - Total loans $ 942,898 $ 114,571 $ 272,505 $ 1,329,974 $ 845,322 $ 107,441 $ 215,914 $ 1,168,677 Residential and Consumer Credit Quality Indicators At September 30, 2017 At December 31, 2016 Residential Home Equity Consumer Total Residential Home Equity Consumer Total (In thousands) Originated loans: Pass $ 174,595 $ 8,183 $ 159 $ 182,937 $ 176,961 $ 8,291 $ 331 $ 185,583 Special mention 1,035 61 - 1,096 147 69 - 216 Substandard 969 184 - 1,153 1,441 189 - 1,630 Doubtful - - - - - - - - Loss - - 394 394 - - 341 341 Total originated loans 176,599 8,428 553 185,580 178,549 8,549 672 187,770 Acquired loans: Pass 2,349 5,024 167 7,540 2,229 5,417 835 8,481 Special mention - - - - 49 - - 49 Substandard - 448 - 448 483 453 2 938 Doubtful - - 4 4 - - - - Loss - - - - - - 24 24 Total acquired loans 2,349 5,472 171 7,992 2,761 5,870 861 9,492 Total loans: Pass 176,944 13,207 326 190,477 179,190 13,708 1,166 194,064 Special mention 1,035 61 - 1,096 196 69 - 265 Substandard 969 632 - 1,601 1,924 642 2 2,568 Doubtful - - 4 4 - - - - Loss - - 394 394 - - 365 365 Total loans $ 178,948 $ 13,900 $ 724 $ 193,572 $ 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 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 September 30, 2017 and December 31, 2016: As of September 30, 2017 31-60 Days 61-90 Days Greater Total Past Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ 502 $ - $ 969 $ 1,471 $ 175,128 $ 176,599 Commercial real estate - 5,570 - 5,570 899,491 905,061 Construction - - - - 114,464 114,464 Home equity 381 - - 381 8,047 8,428 Commercial business 25 69 - 94 256,425 256,519 Consumer - - - - 553 553 Total originated loans 908 5,639 969 7,516 1,454,108 1,461,624 Acquired Loans Real estate loans: Residential real estate 157 - - 157 2,192 2,349 Commercial real estate 90 - 634 724 37,113 37,837 Construction - - - - 107 107 Home equity 124 - 355 479 4,993 5,472 Commercial business 293 106 179 578 15,408 15,986 Consumer 2 - 4 6 165 171 Total acquired loans 666 106 1,172 1,944 59,978 61,922 Total loans $ 1,574 $ 5,745 $ 2,141 $ 9,460 $ 1,514,086 $ 1,523,546 As of December 31, 2016 31-60 Days 61-90 Days Greater Total Past 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 September 30, 2017 and December 31, 2016. Loans on nonaccrual status The following is a summary of nonaccrual loans by portfolio segment as of September 30, 2017 and December 31, 2016: September 30, December 31, 2017 2016 (In thousands) Residential real estate $ 969 $ 969 Commercial real estate 1,757 446 Home equity 632 643 Commercial business 537 538 Consumer 346 341 Total $ 4,241 $ 2,937 At September 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 September 30, 2017 and December 31, 2016: Carrying Amount Unpaid Principal Balance Associated Allowance September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,005 $ 969 $ 2,005 $ 969 $ - $ - Commercial real estate 6,561 651 6,573 651 - - Home equity 245 259 261 269 - - Commercial business 3,071 551 3,322 584 - - Total impaired loans without a valuation allowance 11,882 2,430 12,161 2,473 - - Impaired loans with a valuation allowance: Commercial real estate - 123 - 123 - 1 Commercial business 320 369 320 369 4 5 Consumer 341 341 341 341 341 341 Total impaired loans with a valuation allowance 661 833 661 833 345 347 Total originated impaired loans $ 12,543 $ 3,263 $ 12,822 $ 3,306 $ 345 $ 347 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,006 $ - $ 1,051 $ - $ - $ - Home equity 448 453 462 462 - - Commercial business 255 572 283 593 - - Total impaired loans without a valuation allowance 1,709 1,025 1,796 1,055 - - Impaired loans with a valuation allowance: Commercial Real Estate 144 144 144 144 8 7 Commercial business 488 390 492 390 115 37 Consumer 4 27 4 27 4 27 Total impaired loans with a valuation allowance 636 561 640 561 127 71 Total acquired impaired loans $ 2,345 $ 1,586 $ 2,436 $ 1,616 $ 127 $ 71 Total $ 14,888 $ 4,849 $ 15,258 $ 4,922 $ 472 $ 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 nine months ended September 30, 2017 and 2016: Average Recorded Investment Interest Income Recognized For the Three Months Ended For the Three Months Ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,006 $ 969 $ - $ - Commercial real estate 6,566 3,211 92 52 Home equity 246 264 - 1 Commercial business 3,465 207 17 6 Total impaired loans without a valuation allowance 12,283 4,651 109 59 Impaired loans with a valuation allowance: Commercial real estate - 487 - 6 Commercial business 328 407 5 6 Consumer 341 343 - - Total impaired loans with a valuation allowance 669 1,237 5 12 Total originated impaired loans $ 12,952 $ 5,888 $ 114 $ 71 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,013 $ 425 $ - $ - Home equity 449 455 - - Commercial business 265 878 3 10 Total impaired loans without a valuation allowance 1,727 1,758 3 10 Impaired loans with a valuation allowance: Commercial real estate 144 144 - - Home equity - - - - Commercial business 495 353 6 4 Consumer 4 3 - - Total impaired loans with a valuation allowance 643 500 6 4 Total acquired impaired loans $ 2,370 $ 2,258 $ 9 $ 14 Total $ 15,322 $ 8,146 $ 123 $ 85 Average Recorded Investment Interest Income Recognized For the Nine Months Ended For the Nine Months Ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,007 $ 969 $ - $ - Commercial real estate 6,627 3,217 105 77 Home equity 252 270 - 2 Commercial business 3,808 216 25 10 Total impaired loans without a valuation allowance 12,694 4,672 130 89 Impaired loans with a valuation allowance: Commercial real estate - 496 - 18 Commercial business 361 431 14 17 Consumer 341 343 - - Total impaired loans with a valuation allowance 702 1,270 14 35 Total originated impaired loans $ 13,396 $ 5,942 $ 144 $ 124 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,048 $ 442 $ 10 $ - Home equity 453 457 - 3 Commercial business 304 914 8 32 Total impaired loans without a valuation allowance 1,805 1,813 18 35 Impaired loans with a valuation allowance: Commercial real estate 144 144 - - Commercial business 671 361 7 16 Consumer 4 3 - 1 Total impaired loans with a valuation allowance 819 508 7 17 Total acquired impaired loans $ 2,624 $ 2,321 $ 25 $ 52 Total $ 16,020 $ 8,263 $ 169 $ 176 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 and there is a reasonable expectation that payments will continue. The recorded investment in TDRs was $4.6 million and $1.4 million at September 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 September 30, Residential real estate 1 - $ 1,925 $ - $ 1,925 $ - Commercial business 1 1 60 65 60 65 Total 2 1 $ 1,985 $ 65 $ 1,985 $ 65 Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2017 2016 2017 2016 2017 2016 Nine Months Ended September 30, Residential real estate 2 - $ 2,965 $ - $ 2,965 $ - Commercial business 3 3 405 324 405 324 Total 5 3 $ 3,370 $ 324 $ 3,370 $ 324 All TDRs at September 30, 2017 and December 31, 2016 were performing in compliance with their modified terms, except for two non-accrual loans totaling $384 thousand at September 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 nine months ended September 30, 2017 and 2016. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Payment concession $ 1,925 $ - $ 2,029 $ - Maturity concession 60 65 301 324 Rate and payment concession - - 1,040 - Total $ 1,985 $ 65 $ 3,370 $ 324 There were no loans modified in a troubled debt restructuring, for which there was a payment default during the three and nine months ended September 30, 2017 and 2016, respectively.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Sep. 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 42,000 warrants have been exercised as of September 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	9 Months Ended
	Sep. 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 nine months ended September 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 nine months ended September 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 June 30, 2017 $ 596 $ 426 $ 1,022 Other comprehensive income before reclassifications, net of tax 16 213 229 Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income 16 213 229 Balance at September 30, 2017 $ 612 $ 639 $ 1,251 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Other comprehensive income (loss) before reclassifications, net of tax (241 ) 588 347 Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive income (loss) (241 ) 588 347 Balance at September 30, 2016 $ 986 $ (923 ) $ 63 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 368 158 526 Amounts reclassified from accumulated other comprehensive income (165 ) - (165 ) Net other comprehensive (loss) income 203 158 361 Balance at September 30, 2017 $ 612 $ 639 $ 1,251 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 673 (745 ) (72 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 581 (745 ) (164 ) Balance at September 30, 2016 $ 986 $ (923 ) $ 63

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands, except per share data) (In thousands, except per share data) Net income $ 4,263 $ 3,140 $ 11,734 $ 9,027 Dividends to participating securities (1) (7 ) (6 ) (21 ) (18 ) Undistributed earnings allocated to participating securities (1) (47 ) (56 ) (134 ) (155 ) Net income for earnings per share calculation $ 4,209 $ 3,078 $ 11,579 $ 8,854 Weighted average shares outstanding, basic 7,587 7,397 7,555 7,388 Effect of dilutive equity-based awards (2) 83 92 98 71 Weighted average shares outstanding, diluted 7,670 7,489 7,653 7,459 Net earnings per common share: Basic earnings per common share $ 0.55 $ 0.42 $ 1.53 $ 1.20 Diluted earnings per common share 0.55 0.41 1.51 1.19 (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	9 Months Ended
	Sep. 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 September 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 September 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 September 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 171,908 10.94 % $ 70,691 4.50 % $ 102,109 6.50 % Total Capital to Risk-Weighted Assets 191,472 12.19 % 125,673 8.00 % 157,091 10.00 % Tier I Capital to Risk-Weighted Assets 171,908 10.94 % 94,255 6.00 % 125,673 8.00 % Tier I Capital to Average Assets 171,908 9.78 % 70,338 4.00 % 87,923 5.00 % Bankwell Financial Group, Inc. September 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 153,475 9.74 % $ 70,892 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 198,129 12.58 % 126,030 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 153,475 9.74 % 94,522 6.00 % N/A N/A Tier I Capital to Average Assets 153,475 8.69 % 70,630 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	9 Months Ended
	Sep. 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 September 30, 2017, there were 472,584 shares reserved for future issuance under the 2012 Plan. Stock Options: There were no options granted during the nine months ended September 30, 2017. A summary of the status of outstanding share options as of and for the nine months ended September 30, 2017 is presented below: Nine Months Ended Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 120,988 $ 18.58 Exercised (39,811 ) 17.96 Forfeited (200 ) 15.00 Options outstanding at end of period 80,977 18.89 Options exercisable at end of period 80,977 18.89 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 nine months ended September 30, 2017 was $570 thousand. Restricted Stock: The following table presents the activity for restricted stock for the nine months ended September 30, 2017: Nine Months Ended September 30, Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 96,594 $ 19.80 Granted 30,250 32.95 Vested (14,807 ) 19.80 Forfeited (15,549 ) 20.41 Unvested at end of period 96,488 23.86 The Company's restricted stock expense for the nine months ended September 30, 2017 and 2016 was $671 thousand and $781 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. As of September 30, 2017 the Company had no outstanding market conditions restricted stock.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	9. Derivative Instruments Information about derivative instruments at September 30, 2017 and December 31, 2016 is as follows: September 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 % $ (8 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.83 % (51 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.48 % 238 Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.22 % 607 Interest rate swap on FHLB advance 25,000 7.0 years 3-month USD LIBOR 2.04 % 101 Interest rate swap on FHLB advance 25,000 7.0 years 3-month USD LIBOR 2.04 % 93 $ 150,000 $ 980 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: (Dollars in thousands) Notional Original Effective 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 FHLB 90-day advance $ 25,000 August 25, 2017 7.0 years Bank of Montreal FHLB 90-day advance $ 25,000 August 25, 2017 7.0 years FTN Financial Capital Markets 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 nine months ended September 30, 2017 and 2016: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 Interest rate swap on FHLB advance: Unrealized gains (losses) recognized in accumulated other comprehensive income $ 327 $ 904 $ 243 $ (1,147 ) Income tax (expense) benefit on items recognized in accumulated other comprehensive income (114 ) (316 ) (85 ) 402 Other comprehensive income (loss) $ 213 $ 588 $ 158 $ (745 ) Interest expense recognized on hedged FHLB advance $ 489 $ 386 $ 1,258 $ 999

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 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 September 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 September 30, 2017 and December 31, 2016 were as follows: September 30, 2017 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 85,329 $ 85,329 $ 85,329 $ - $ - Federal funds sold 11,117 11,117 11,117 - - Available for sale securities 86,272 86,272 - 86,272 - Held to maturity securities 23,573 23,572 - 23,572 - Loans held for sale 785 785 - 785 - Loans receivable, net 1,500,574 1,493,385 - - 1,493,385 Accrued interest receivable 5,344 5,344 - 5,344 - FHLB stock 9,351 9,351 - 9,351 - Servicing asset 599 599 - - 599 Derivative asset 1,039 1,039 - 1,039 - Financial Liabilities: Demand deposits $ 162,790 $ 162,790 $ - $ 162,790 $ - NOW and money market 512,471 512,471 - 512,471 - Savings 87,469 87,469 - 87,469 - Time deposits 647,061 679,525 - - 679,525 Accrued interest payable 1,061 1,061 - 1,061 - Advances from the FHLB 195,000 195,149 - - 195,149 Subordinated debentures 25,090 25,720 - - 25,720 Servicing liability 388 388 - - 388 Derivative liability 59 59 - 59 - 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	9 Months Ended
	Sep. 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 September 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 nine months ended September 30, 2017 and the year ended December 31, 2016. Fair Value (In thousands) Level 1 Level 2 Level 3 September 30, 2017: Available for sale investment securities: U.S. Government and agency obligations $ - $ 64,734 $ - State agency and municipal obligations - 12,316 - Corporate bonds - 9,222 - Derivative asset, net - 980 - 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 September 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 September 30, 2017: Impaired loans $ - $ - $ 14,888 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 September 30, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Valuation Unobservable Input Range September 30, 2017: Impaired loans $ 8,076 Appraisals Discount to appraised value 8.00 - 18.40% 6,812 Discounted cash flows Discount rate 3.00 - 6.25% $ 14,888 Foreclosed real estate $ 222 Appraisals Discount to appraised value 68% December 31, 2016: Impaired loans $ 2,127 Appraisals Discount to appraised value 8.00 - 28.00% 2,722 Discounted cash flows Discount rate 4.25 - 6.25% $ 4,849 Foreclosed real estate $ 272 Appraisals Discount to appraised value 20% Impaired loans: Foreclosed real estate:

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	9 Months Ended
	Sep. 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. The Notes were assigned an investment grade rating of BBB by Kroll Bond Rating Agency, which was reaffirmed in the third quarter of 2017.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The Company is subject to federal and state income taxes 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 from the establishment of a passive investment company. Income tax expense for the three months ended September 30, 2017 and 2016 totaled $1.9 million and $1.4 million, respectively. The effective tax rates for the three months ended September 30, 2017 and 2016 were 30.8%, and 31.4%, respectively. Income tax expense for the nine months ended September 30, 2017 and 2016 totaled $6.0 million and $4.1 million, respectively. The effective tax rates for the nine months ended September 30, 2017 and 2016 were 33.9%, and 31.3%, respectively. The increase in the effective tax rate for the nine months ended September 30, 2017 is driven by 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)	9 Months Ended
	Sep. 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 and throughout Connecticut, 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 September 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 September 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. 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): ASU No. 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (Topic 815):

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 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	September 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 $ 12,994 $ 72 $ (20 ) $ 13,046 Due after ten years 51,333 379 (24 ) 51,688 64,327 451 (44 ) 64,734 State agency and municipal obligations Due from one through five years 2,866 113 - 2,979 Due from five through ten years 7,380 300 - 7,680 Due after ten years 1,646 41 (30 ) 1,657 11,892 454 (30 ) 12,316 Corporate bonds Due in less than one year 2,004 12 - 2,016 Due from one through five years 7,104 102 - 7,206 9,108 114 - 9,222 Total available for sale securities $ 85,327 $ 1,019 $ (74 ) $ 86,272 Held to maturity securities: State agency and municipal obligations Due in less than one year $ 2,135 $ - $ - $ 2,135 Due from one through five years 3,876 - - 3,876 Due after ten years 16,440 - - 16,440 22,451 - - 22,451 Corporate bonds Due from one through five years 1,000 - (13 ) 987 Government-sponsored mortgage backed securities No contractual maturity 122 12 - 134 Total held to maturity securities $ 23,573 $ 12 $ (13 ) $ 23,572 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: State agency 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) September 30, 2017 U.S. Government and agency obligations $ 5,303 $ (23 ) 0.42 % $ 2,078 $ (21 ) 1.00 % $ 7,381 $ (44 ) 0.59 % State agency and municipal obligations 604 (29 ) 4.55 % 29 (1 ) 4.22 % 633 (30 ) 4.53 % Corporate bonds - - - 977 (13 ) 1.25 % 977 (13 ) 1.25 % Total investment securities $ 5,907 $ (52 ) 0.86 % $ 3,084 $ (35 ) 1.11 % $ 8,991 $ (87 ) 0.95 % 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)	9 Months Ended
	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of loan portfolio	September 30, 2017 December 31, 2016 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 176,599 $ 2,349 $ 178,948 $ 178,549 $ 2,761 $ 181,310 Commercial 905,061 37,837 942,898 802,156 43,166 845,322 Construction 114,464 107 114,571 107,329 112 107,441 Home equity 8,428 5,472 13,900 8,549 5,870 14,419 1,204,552 45,765 1,250,317 1,096,583 51,909 1,148,492 Commercial business 256,519 15,986 272,505 198,456 17,458 215,914 Consumer 553 171 724 672 861 1,533 Total loans 1,461,624 61,922 1,523,546 1,295,711 70,228 1,365,939 Allowance for loan losses (19,437 ) (127 ) (19,564 ) (17,883 ) (99 ) (17,982 ) Deferred loan origination fees, net (3,416 ) - (3,416 ) (4,071 ) - (4,071 ) Unamortized loan premiums 8 - 8 9 - 9 Loans receivable, net $ 1,438,779 $ 61,795 $ 1,500,574 $ 1,273,766 $ 70,129 $ 1,343,895
Schedule of activity in accretable yields for acquired loan portfolio	Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 Balance at beginning of period $ 607 $ 733 $ 666 $ 871 Accretion (27 ) (36 ) (86 ) (123 ) Other (a) - - - (51 ) Balance at end of period $ 580 $ 697 $ 580 $ 697 a) Represents changes in cash flows expected to be collected due to loan sales or payoffs.
Schedule of allowance for loan losses	Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended September 30, 2017 Originated Beginning balance $ 1,465 $ 9,687 $ 2,268 $ 168 $ 5,474 $ 347 $ 19,409 Charge-offs - - - - (366 ) (10 ) (376 ) Recoveries - - - - 4 2 6 Provisions (14 ) 15 (75 ) (6 ) 469 9 398 Ending balance $ 1,451 $ 9,702 $ 2,193 $ 162 $ 5,581 $ 348 $ 19,437 Acquired Beginning balance $ - $ 8 $ - $ - $ 90 $ 29 $ 127 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions - - - - 25 (25 ) - Ending balance $ - $ 8 $ - $ - $ 115 $ 4 $ 127 Total Beginning balance $ 1,465 $ 9,695 $ 2,268 $ 168 $ 5,564 $ 376 $ 19,536 Charge-offs - - - - (366 ) (10 ) (376 ) Recoveries - - - - 4 2 6 Provisions (14 ) 15 (75 ) (6 ) 494 (16 ) 398 Ending balance $ 1,451 $ 9,710 $ 2,193 $ 162 $ 5,696 $ 352 $ 19,564 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Three Months Ended September 30, 2016 Originated Beginning balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Charge-offs - - - - (59 ) (2 ) (61 ) Recoveries - - - - - 2 2 Provisions (4 ) 472 159 (9 ) 306 311 1,235 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Charge-offs - - - - (10 ) - (10 ) Recoveries - - - - - - - Provisions - 6 - (11 ) (11 ) - (16 ) Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Charge-offs - - - - (69 ) (2 ) (71 ) Recoveries - - - - - 2 2 Provisions (4 ) 478 159 (20 ) 295 311 1,219 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Nine Months Ended September 30, 2017 Originated Beginning balance $ 1,498 $ 9,534 $ 2,105 $ 156 $ 4,240 $ 350 $ 17,883 Charge-offs - - - - (366 ) (26 ) (392 ) Recoveries 146 - - - 4 3 153 Provisions (193 ) 168 88 6 1,703 21 1,793 Ending balance $ 1,451 $ 9,702 $ 2,193 $ 162 $ 5,581 $ 348 $ 19,437 Acquired Beginning balance $ - $ 29 $ - $ - $ 43 $ 27 $ 99 Charge-offs - - - - - (15 ) (15 ) Recoveries - - - - - - - Provisions - (21 ) - - 72 (8 ) 43 Ending balance $ - $ 8 $ - $ - $ 115 $ 4 $ 127 Total Beginning balance $ 1,498 $ 9,563 $ 2,105 $ 156 $ 4,283 $ 377 $ 17,982 Charge-offs - - - - (366 ) (41 ) (407 ) Recoveries 146 - - - 4 3 153 Provisions (193 ) 147 88 6 1,775 13 1,836 Ending balance $ 1,451 $ 9,710 $ 2,193 $ 162 $ 5,696 $ 352 $ 19,564 Residential Commercial Construction Home Commercial Consumer Total (In thousands) Nine Months Ended September 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - (59 ) (10 ) (69 ) Recoveries - - - - - 7 7 Provisions 36 1,404 575 (4 ) 788 350 3,149 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - (10 ) (6 ) (23 ) Recoveries - - - - - - - Provisions - 17 7 - (11 ) 4 17 Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - (69 ) (16 ) (92 ) Recoveries - - - - - 7 7 Provisions 36 1,421 582 (4 ) 777 354 3,166 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250
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) September 30, 2017 Loans individually evaluated for impairment: Residential real estate $ 2,005 $ - $ - $ - $ 2,005 $ - Commercial real estate 6,561 - 1,150 8 7,711 8 Home equity 245 - 448 - 693 - Commercial business 3,391 4 743 115 4,134 119 Consumer 341 341 4 4 345 345 Subtotal 12,543 345 2,345 127 14,888 472 Loans collectively evaluated for impairment: Residential real estate 174,594 1,451 2,349 - 176,943 1,451 Commercial real estate 898,500 9,702 36,687 - 935,187 9,702 Construction 114,464 2,193 107 - 114,571 2,193 Home equity 8,183 162 5,024 - 13,207 162 Commercial business 253,128 5,577 15,243 - 268,371 5,577 Consumer 212 7 167 - 379 7 Subtotal 1,449,081 19,092 59,577 - 1,508,658 19,092 Total $ 1,461,624 $ 19,437 $ 61,922 $ 127 $ 1,523,546 $ 19,564 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 September 30, 2017 At December 31, 2016 Commercial Construction Commercial Total Commercial Construction Commercial Total (In thousands) Originated loans: Pass $ 887,857 $ 114,464 $ 252,422 $ 1,254,743 $ 797,249 $ 107,329 $ 196,436 $ 1,101,014 Special mention 16,213 - 2,533 18,746 4,605 - 115 4,720 Substandard 991 - 1,564 2,555 302 - 1,905 2,207 Doubtful - - - - - - - - Loss - - - - - - - - Total originated loans 905,061 114,464 256,519 1,276,044 802,156 107,329 198,456 1,107,941 Acquired loans: Pass 36,577 107 15,242 51,926 41,582 112 16,836 58,530 Special mention 110 - 293 403 1,584 - 86 1,670 Substandard 1,150 - 395 1,545 - - 536 536 Doubtful - - 56 56 - - - - Loss - - - - - - - - Total acquired loans 37,837 107 15,986 53,930 43,166 112 17,458 60,736 Total loans: Pass 924,434 114,571 267,664 1,306,669 838,831 107,441 213,272 1,159,544 Special mention 16,323 - 2,826 19,149 6,189 - 201 6,390 Substandard 2,141 - 1,959 4,100 302 - 2,441 2,743 Doubtful - - 56 56 - - - - Loss - - - - - - - - Total loans $ 942,898 $ 114,571 $ 272,505 $ 1,329,974 $ 845,322 $ 107,441 $ 215,914 $ 1,168,677 Residential and Consumer Credit Quality Indicators At September 30, 2017 At December 31, 2016 Residential Home Equity Consumer Total Residential Home Equity Consumer Total (In thousands) Originated loans: Pass $ 174,595 $ 8,183 $ 159 $ 182,937 $ 176,961 $ 8,291 $ 331 $ 185,583 Special mention 1,035 61 - 1,096 147 69 - 216 Substandard 969 184 - 1,153 1,441 189 - 1,630 Doubtful - - - - - - - - Loss - - 394 394 - - 341 341 Total originated loans 176,599 8,428 553 185,580 178,549 8,549 672 187,770 Acquired loans: Pass 2,349 5,024 167 7,540 2,229 5,417 835 8,481 Special mention - - - - 49 - - 49 Substandard - 448 - 448 483 453 2 938 Doubtful - - 4 4 - - - - Loss - - - - - - 24 24 Total acquired loans 2,349 5,472 171 7,992 2,761 5,870 861 9,492 Total loans: Pass 176,944 13,207 326 190,477 179,190 13,708 1,166 194,064 Special mention 1,035 61 - 1,096 196 69 - 265 Substandard 969 632 - 1,601 1,924 642 2 2,568 Doubtful - - 4 4 - - - - Loss - - 394 394 - - 365 365 Total loans $ 178,948 $ 13,900 $ 724 $ 193,572 $ 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 September 30, 2017 31-60 Days 61-90 Days Greater Total Past Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ 502 $ - $ 969 $ 1,471 $ 175,128 $ 176,599 Commercial real estate - 5,570 - 5,570 899,491 905,061 Construction - - - - 114,464 114,464 Home equity 381 - - 381 8,047 8,428 Commercial business 25 69 - 94 256,425 256,519 Consumer - - - - 553 553 Total originated loans 908 5,639 969 7,516 1,454,108 1,461,624 Acquired Loans Real estate loans: Residential real estate 157 - - 157 2,192 2,349 Commercial real estate 90 - 634 724 37,113 37,837 Construction - - - - 107 107 Home equity 124 - 355 479 4,993 5,472 Commercial business 293 106 179 578 15,408 15,986 Consumer 2 - 4 6 165 171 Total acquired loans 666 106 1,172 1,944 59,978 61,922 Total loans $ 1,574 $ 5,745 $ 2,141 $ 9,460 $ 1,514,086 $ 1,523,546 As of December 31, 2016 31-60 Days 61-90 Days Greater Total Past 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	September 30, December 31, 2017 2016 (In thousands) Residential real estate $ 969 $ 969 Commercial real estate 1,757 446 Home equity 632 643 Commercial business 537 538 Consumer 346 341 Total $ 4,241 $ 2,937
Schedule of summarizes impaired loans	Carrying Amount Unpaid Principal Balance Associated Allowance September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,005 $ 969 $ 2,005 $ 969 $ - $ - Commercial real estate 6,561 651 6,573 651 - - Home equity 245 259 261 269 - - Commercial business 3,071 551 3,322 584 - - Total impaired loans without a valuation allowance 11,882 2,430 12,161 2,473 - - Impaired loans with a valuation allowance: Commercial real estate - 123 - 123 - 1 Commercial business 320 369 320 369 4 5 Consumer 341 341 341 341 341 341 Total impaired loans with a valuation allowance 661 833 661 833 345 347 Total originated impaired loans $ 12,543 $ 3,263 $ 12,822 $ 3,306 $ 345 $ 347 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,006 $ - $ 1,051 $ - $ - $ - Home equity 448 453 462 462 - - Commercial business 255 572 283 593 - - Total impaired loans without a valuation allowance 1,709 1,025 1,796 1,055 - - Impaired loans with a valuation allowance: Commercial Real Estate 144 144 144 144 8 7 Commercial business 488 390 492 390 115 37 Consumer 4 27 4 27 4 27 Total impaired loans with a valuation allowance 636 561 640 561 127 71 Total acquired impaired loans $ 2,345 $ 1,586 $ 2,436 $ 1,616 $ 127 $ 71 Total $ 14,888 $ 4,849 $ 15,258 $ 4,922 $ 472 $ 418 Average Recorded Investment Interest Income Recognized For the Three Months Ended For the Three Months Ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,006 $ 969 $ - $ - Commercial real estate 6,566 3,211 92 52 Home equity 246 264 - 1 Commercial business 3,465 207 17 6 Total impaired loans without a valuation allowance 12,283 4,651 109 59 Impaired loans with a valuation allowance: Commercial real estate - 487 - 6 Commercial business 328 407 5 6 Consumer 341 343 - - Total impaired loans with a valuation allowance 669 1,237 5 12 Total originated impaired loans $ 12,952 $ 5,888 $ 114 $ 71 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,013 $ 425 $ - $ - Home equity 449 455 - - Commercial business 265 878 3 10 Total impaired loans without a valuation allowance 1,727 1,758 3 10 Impaired loans with a valuation allowance: Commercial real estate 144 144 - - Home equity - - - - Commercial business 495 353 6 4 Consumer 4 3 - - Total impaired loans with a valuation allowance 643 500 6 4 Total acquired impaired loans $ 2,370 $ 2,258 $ 9 $ 14 Total $ 15,322 $ 8,146 $ 123 $ 85 Average Recorded Investment Interest Income Recognized For the Nine Months Ended For the Nine Months Ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 2,007 $ 969 $ - $ - Commercial real estate 6,627 3,217 105 77 Home equity 252 270 - 2 Commercial business 3,808 216 25 10 Total impaired loans without a valuation allowance 12,694 4,672 130 89 Impaired loans with a valuation allowance: Commercial real estate - 496 - 18 Commercial business 361 431 14 17 Consumer 341 343 - - Total impaired loans with a valuation allowance 702 1,270 14 35 Total originated impaired loans $ 13,396 $ 5,942 $ 144 $ 124 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 1,048 $ 442 $ 10 $ - Home equity 453 457 - 3 Commercial business 304 914 8 32 Total impaired loans without a valuation allowance 1,805 1,813 18 35 Impaired loans with a valuation allowance: Commercial real estate 144 144 - - Commercial business 671 361 7 16 Consumer 4 3 - 1 Total impaired loans with a valuation allowance 819 508 7 17 Total acquired impaired loans $ 2,624 $ 2,321 $ 25 $ 52 Total $ 16,020 $ 8,263 $ 169 $ 176
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 September 30, Residential real estate 1 - $ 1,925 $ - $ 1,925 $ - Commercial business 1 1 60 65 60 65 Total 2 1 $ 1,985 $ 65 $ 1,985 $ 65 Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2017 2016 2017 2016 2017 2016 Nine Months Ended September 30, Residential real estate 2 - $ 2,965 $ - $ 2,965 $ - Commercial business 3 3 405 324 405 324 Total 5 3 $ 3,370 $ 324 $ 3,370 $ 324
Schedule of information on how loans were modified as a TDR	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) (In thousands) Payment concession $ 1,925 $ - $ 2,029 $ - Maturity concession 60 65 301 324 Rate and payment concession - - 1,040 - Total $ 1,985 $ 65 $ 3,370 $ 324

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 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 June 30, 2017 $ 596 $ 426 $ 1,022 Other comprehensive income before reclassifications, net of tax 16 213 229 Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income 16 213 229 Balance at September 30, 2017 $ 612 $ 639 $ 1,251 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Other comprehensive income (loss) before reclassifications, net of tax (241 ) 588 347 Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive income (loss) (241 ) 588 347 Balance at September 30, 2016 $ 986 $ (923 ) $ 63 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 368 158 526 Amounts reclassified from accumulated other comprehensive income (165 ) - (165 ) Net other comprehensive (loss) income 203 158 361 Balance at September 30, 2017 $ 612 $ 639 $ 1,251 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 673 (745 ) (72 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 581 (745 ) (164 ) Balance at September 30, 2016 $ 986 $ (923 ) $ 63

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands, except per share data) (In thousands, except per share data) Net income $ 4,263 $ 3,140 $ 11,734 $ 9,027 Dividends to participating securities (1) (7 ) (6 ) (21 ) (18 ) Undistributed earnings allocated to participating securities (1) (47 ) (56 ) (134 ) (155 ) Net income for earnings per share calculation $ 4,209 $ 3,078 $ 11,579 $ 8,854 Weighted average shares outstanding, basic 7,587 7,397 7,555 7,388 Effect of dilutive equity-based awards (2) 83 92 98 71 Weighted average shares outstanding, diluted 7,670 7,489 7,653 7,459 Net earnings per common share: Basic earnings per common share $ 0.55 $ 0.42 $ 1.53 $ 1.20 Diluted earnings per common share 0.55 0.41 1.51 1.19 (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)	9 Months Ended
	Sep. 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 September 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 171,908 10.94 % $ 70,691 4.50 % $ 102,109 6.50 % Total Capital to Risk-Weighted Assets 191,472 12.19 % 125,673 8.00 % 157,091 10.00 % Tier I Capital to Risk-Weighted Assets 171,908 10.94 % 94,255 6.00 % 125,673 8.00 % Tier I Capital to Average Assets 171,908 9.78 % 70,338 4.00 % 87,923 5.00 % Bankwell Financial Group, Inc. September 30, 2017 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 153,475 9.74 % $ 70,892 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 198,129 12.58 % 126,030 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 153,475 9.74 % 94,522 6.00 % N/A N/A Tier I Capital to Average Assets 153,475 8.69 % 70,630 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)	9 Months Ended
	Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of status of outstanding stock options	Nine Months Ended Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 120,988 $ 18.58 Exercised (39,811 ) 17.96 Forfeited (200 ) 15.00 Options outstanding at end of period 80,977 18.89 Options exercisable at end of period 80,977 18.89
Schedule of activity for restricted stock	Nine Months Ended September 30, Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 96,594 $ 19.80 Granted 30,250 32.95 Vested (14,807 ) 19.80 Forfeited (15,549 ) 20.41 Unvested at end of period 96,488 23.86

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	September 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 % $ (8 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.83 % (51 ) Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.48 % 238 Interest rate swap on FHLB advance 25,000 5.0 years 3-month USD LIBOR 1.22 % 607 Interest rate swap on FHLB advance 25,000 7.0 years 3-month USD LIBOR 2.04 % 101 Interest rate swap on FHLB advance 25,000 7.0 years 3-month USD LIBOR 2.04 % 93 $ 150,000 $ 980 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	(Dollars in thousands) Notional Original Effective 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 FHLB 90-day advance $ 25,000 August 25, 2017 7.0 years Bank of Montreal FHLB 90-day advance $ 25,000 August 25, 2017 7.0 years FTN Financial Capital Markets
Schedule of changes in the consolidated statements of comprehensive income related to interest rate derivatives designated as hedges of cash flows	Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2017 2016 2017 2016 Interest rate swap on FHLB advance: Unrealized gains (losses) recognized in accumulated other comprehensive income $ 327 $ 904 $ 243 $ (1,147 ) Income tax (expense) benefit on items recognized in accumulated other comprehensive income (114 ) (316 ) (85 ) 402 Other comprehensive income (loss) $ 213 $ 588 $ 158 $ (745 ) Interest expense recognized on hedged FHLB advance $ 489 $ 386 $ 1,258 $ 999

FAIR VALUE OF FINANCIAL INSTR30

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of carrying values and fair values of the Company s financial instruments	September 30, 2017 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 85,329 $ 85,329 $ 85,329 $ - $ - Federal funds sold 11,117 11,117 11,117 - - Available for sale securities 86,272 86,272 - 86,272 - Held to maturity securities 23,573 23,572 - 23,572 - Loans held for sale 785 785 - 785 - Loans receivable, net 1,500,574 1,493,385 - - 1,493,385 Accrued interest receivable 5,344 5,344 - 5,344 - FHLB stock 9,351 9,351 - 9,351 - Servicing asset 599 599 - - 599 Derivative asset 1,039 1,039 - 1,039 - Financial Liabilities: Demand deposits $ 162,790 $ 162,790 $ - $ 162,790 $ - NOW and money market 512,471 512,471 - 512,471 - Savings 87,469 87,469 - 87,469 - Time deposits 647,061 679,525 - - 679,525 Accrued interest payable 1,061 1,061 - 1,061 - Advances from the FHLB 195,000 195,149 - - 195,149 Subordinated debentures 25,090 25,720 - - 25,720 Servicing liability 388 388 - - 388 Derivative liability 59 59 - 59 - 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)	9 Months Ended
	Sep. 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 September 30, 2017: Available for sale investment securities: U.S. Government and agency obligations $ - $ 64,734 $ - State agency and municipal obligations - 12,316 - Corporate bonds - 9,222 - Derivative asset, net - 980 - 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 September 30, 2017: Impaired loans $ - $ - $ 14,888 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 September 30, 2017: Impaired loans $ 8,076 Appraisals Discount to appraised value 8.00 - 18.40% 6,812 Discounted cash flows Discount rate 3.00 - 6.25% $ 14,888 Foreclosed real estate $ 222 Appraisals Discount to appraised value 68% December 31, 2016: Impaired loans $ 2,127 Appraisals Discount to appraised value 8.00 - 28.00% 2,722 Discounted cash flows Discount rate 4.25 - 6.25% $ 4,849 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
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	Sep. 30, 2017	Dec. 31, 2016
Available for sale securities:
Amortized Cost	$ 85,327	$ 87,119
Gross Unrealized Gains	1,019	809
Gross Unrealized Losses	(74)	(177)
Fair Value	86,272	87,751
Held to maturity securities:
Amortized Cost	23,573	16,859
Gross Unrealized Gains	12	15
Gross Unrealized Losses	(13)	(23)
Fair value	23,572	16,851
U.S. Government and agency obligations
Available for sale securities:
Due from one through five years, Amortized Cost	12,994	62,357
Due from one through five years, Gross Unrealized Gains	72	295
Due from one through five years, Gross Unrealized Losses	(20)	(49)
Due from one through five years, Fair Value	13,046	62,603
Due after ten years, Amortized Cost	51,333	100
Due after ten years, Gross Unrealized Gains	379	0
Due after ten years, Gross Unrealized Losses	(24)	(5)
Due after ten years, Fair Value	51,688	95
Amortized Cost	64,327	62,457
Gross Unrealized Gains	451	295
Gross Unrealized Losses	(44)	(54)
Fair Value	64,734	62,698
Held to maturity securities:
Due from one through five years, Amortized Cost		2,135
Due from one through five years, Gross Unrealized Gains		0
Due from one through five years, Gross Unrealized Losses		0
Due from one through five years, Fair Value		2,135
Due after ten years, Amortized Cost		13,575
Due after ten years, Gross Unrealized Gains		0
Due after ten years, Gross Unrealized Losses		0
Due after ten years, Fair Value		13,575
Amortized Cost		15,710
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair value		15,710
State agency and municipal obligations
Available for sale securities:
Due from one through five years, Amortized Cost	2,866	827
Due from one through five years, Gross Unrealized Gains	113	24
Due from one through five years, Gross Unrealized Losses	0	(3)
Due from one through five years, Fair Value	2,979	848
Due from five through ten years, Amortized Cost	7,380	8,045
Due from five through ten years, Gross Unrealized Gains	300	189
Due from five through ten years, Gross Unrealized Losses	0	(1)
Due from five through ten years, Fair Value	7,680	8,233
Due after ten years, Amortized Cost	1,646	5,623
Due after ten years, Gross Unrealized Gains	41	178
Due after ten years, Gross Unrealized Losses	(30)	(119)
Due after ten years, Fair Value	1,657	5,682
Amortized Cost	11,892	14,495
Gross Unrealized Gains	454	391
Gross Unrealized Losses	(30)	(123)
Fair Value	12,316	14,763
Held to maturity securities:
Due in less than one year, Amortized Cost	2,135
Due in less than one year, Gross Unrealized Gains	0
Due in less than one year, Gross Unrealized Losses	0
Due in less than one year, Fair Value	2,135
Due from one through five years, Amortized Cost	3,876
Due from one through five years, Gross Unrealized Gains	0
Due from one through five years, Gross Unrealized Losses	0
Due from one through five years, Fair Value	3,876
Due after ten years, Amortized Cost	16,440
Due after ten years, Gross Unrealized Gains	0
Due after ten years, Gross Unrealized Losses	0
Due after ten years, Fair Value	16,440
Amortized Cost	22,451
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair value	22,451
Corporate bonds
Available for sale securities:
Due in less than one year, Amortized Cost	2,004	2,022
Due in less than one year, Gross Unrealized Gains	12	56
Due in less than one year, Gross Unrealized Losses	0	0
Due in less than one year, Fair Value	2,016	2,078
Due from one through five years, Amortized Cost	7,104	8,145
Due from one through five years, Gross Unrealized Gains	102	67
Due from one through five years, Gross Unrealized Losses	0	0
Due from one through five years, Fair Value	7,206	8,212
Amortized Cost	9,108	10,167
Gross Unrealized Gains	114	123
Gross Unrealized Losses	0	0
Fair Value	9,222	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	0	0
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	122	149
No contractual maturity, Gross Unrealized Gains	12	15
No contractual maturity, Gross Unrealized Losses	0	0
No contractual maturity, Fair Value	$ 134	$ 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	Sep. 30, 2017	Dec. 31, 2016
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	$ 5,907	$ 6,779
Less than 12 months - Unrealized Loss	$ (52)	$ (200)
Less than 12 months - Percent Decline from Amortized Cost	0.86%	2.86%
12 Months or More - Fair Value	$ 3,084	$ 0
12 Months or More - Unrealized Loss	$ (35)	$ 0
12 Months or More - Percent Decline from Amortized Cost	1.11%	0.00%
Fair value - Total	$ 8,991	$ 6,779
Unrealized Loss - Total	$ (87)	$ (200)
Percent Decline from Amortized Cost - Total	0.95%	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	$ 5,303	$ 3,045
Less than 12 months - Unrealized Loss	$ (23)	$ (54)
Less than 12 months - Percent Decline from Amortized Cost	0.42%	1.74%
12 Months or More - Fair Value	$ 2,078	$ 0
12 Months or More - Unrealized Loss	$ (21)	$ 0
12 Months or More - Percent Decline from Amortized Cost	1.00%	0.00%
Fair value - Total	$ 7,381	$ 3,045
Unrealized Loss - Total	$ (44)	$ (54)
Percent Decline from Amortized Cost - Total	0.59%	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	$ 604	$ 2,756
Less than 12 months - Unrealized Loss	$ (29)	$ (123)
Less than 12 months - Percent Decline from Amortized Cost	4.55%	4.29%
12 Months or More - Fair Value	$ 29	$ 0
12 Months or More - Unrealized Loss	$ (1)	$ 0
12 Months or More - Percent Decline from Amortized Cost	4.22%	0.00%
Fair value - Total	$ 633	$ 2,756
Unrealized Loss - Total	$ (30)	$ (123)
Percent Decline from Amortized Cost - Total	4.53%	4.29%
Corporate bonds
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	$ 0	$ 978
Less than 12 months - Unrealized Loss	$ 0	$ (23)
Less than 12 months - Percent Decline from Amortized Cost	0.00%	2.25%
12 Months or More - Fair Value	$ 977	$ 0
12 Months or More - Unrealized Loss	$ (13)	$ 0
12 Months or More - Percent Decline from Amortized Cost	1.25%	0.00%
Fair value - Total	$ 977	$ 978
Unrealized Loss - Total	$ (13)	$ (23)
Percent Decline from Amortized Cost - Total	1.25%	2.25%

INVESTMENT SECURITIES (Detail T

INVESTMENT SECURITIES (Detail Textuals) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Security	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)Security	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)Security
Investments, Debt and Equity Securities [Abstract]
Gross realized gains	$ 0	$ 0	$ 165	$ 98
Value of sales proceeds	0	0	49,600	3,800
Gross realized loss	0	$ 0	0	$ 6
Securities pledged as collateral	$ 0		$ 0		$ 60,000
Number of securities in loss position | Security	10		10		11

LOANS RECEIVABLE AND ALLOWANC36

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loan portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 1,523,546		$ 1,365,939
Allowance for loan losses	(19,564)	$ (19,536)	(17,982)	$ (17,250)	$ (16,100)	$ (14,169)
Deferred loan origination fees, net	(3,416)		(4,071)
Unamortized loan premiums	8		9
Loans receivable, net	1,500,574		1,343,895
Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	272,505		215,914
Allowance for loan losses	(5,696)	(5,564)	(4,283)	(4,042)	(3,816)	(3,334)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	724		1,533
Allowance for loan losses	(352)	(376)	(377)	(353)	(42)	(8)
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,250,317		1,148,492
Real estate | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	178,948		181,310
Allowance for loan losses	(1,451)	(1,465)	(1,498)	(1,480)	(1,484)	(1,444)
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	942,898		845,322
Allowance for loan losses	(9,710)	(9,695)	(9,563)	(9,126)	(8,648)	(7,705)
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	114,571		107,441
Allowance for loan losses	(2,193)	(2,268)	(2,105)	(2,079)	(1,920)	(1,504)
Real estate | Home equity
Loans and Leases Receivable Disclosure [Line Items]
Total loans	13,900		14,419
Allowance for loan losses	(162)	(168)	(156)	(170)	(190)	(174)
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,461,624		1,295,711
Allowance for loan losses	(19,437)	(19,409)	(17,883)	(17,215)	(16,039)	(14,128)
Deferred loan origination fees, net	(3,416)		(4,071)
Unamortized loan premiums	8		9
Loans receivable, net	1,438,779		1,273,766
Originated | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	256,519		198,456
Allowance for loan losses	(5,581)	(5,474)	(4,240)	(4,039)	(3,792)	(3,310)
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	553		672
Allowance for loan losses	(348)	(347)	(350)	(350)	(39)	(3)
Originated | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,204,552		1,096,583
Originated | Real estate | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	176,599		178,549
Allowance for loan losses	(1,451)	(1,465)	(1,498)	(1,480)	(1,484)	(1,444)
Originated | Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	905,061		802,156
Allowance for loan losses	(9,702)	(9,687)	(9,534)	(9,097)	(8,625)	(7,693)
Originated | Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	114,464		107,329
Allowance for loan losses	(2,193)	(2,268)	(2,105)	(2,079)	(1,920)	(1,504)
Originated | Real estate | Home equity
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,428		8,549
Allowance for loan losses	(162)	(168)	(156)	(170)	(179)	(174)
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	61,922		70,228
Allowance for loan losses	(127)	(127)	(99)	(35)	(61)	(41)
Deferred loan origination fees, net	0		0
Unamortized loan premiums	0		0
Loans receivable, net	61,795		70,129
Acquired | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	15,986		17,458
Allowance for loan losses	(115)	(90)	(43)	(3)	(24)	(24)
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	171		861
Allowance for loan losses	(4)	(29)	(27)	(3)	(3)	(5)
Acquired | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	45,765		51,909
Acquired | Real estate | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,349		2,761
Allowance for loan losses	0	0	0	0	0	0
Acquired | Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	37,837		43,166
Allowance for loan losses	(8)	(8)	(29)	(29)	(23)	(12)
Acquired | Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	107		112
Allowance for loan losses	0	0	0	0	0	0
Acquired | Real estate | Home equity
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,472		5,870
Allowance for loan losses	$ 0	$ 0	$ 0	$ 0	$ (11)	$ 0

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		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period		$ 607	$ 733	$ 666	$ 871
Accretion		(27)	(36)	(86)	(123)
Other	[1]	0	0	0	(51)
Balance at end of period		$ 580	$ 697	$ 580	$ 697
[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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 19,536	$ 16,100	$ 17,982	$ 14,169
Charge-offs	(376)	(71)	(407)	(92)
Recoveries	6	2	153	7
Provisions	398	1,219	1,836	3,166
Ending balance	19,564	17,250	19,564	17,250
Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	5,564	3,816	4,283	3,334
Charge-offs	(366)	(69)	(366)	(69)
Recoveries	4	0	4	0
Provisions	494	295	1,775	777
Ending balance	5,696	4,042	5,696	4,042
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	376	42	377	8
Charge-offs	(10)	(2)	(41)	(16)
Recoveries	2	2	3	7
Provisions	(16)	311	13	354
Ending balance	352	353	352	353
Real estate | Residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,465	1,484	1,498	1,444
Charge-offs	0	0	0	0
Recoveries	0	0	146	0
Provisions	(14)	(4)	(193)	36
Ending balance	1,451	1,480	1,451	1,480
Real estate | Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	9,695	8,648	9,563	7,705
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	15	478	147	1,421
Ending balance	9,710	9,126	9,710	9,126
Real estate | Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,268	1,920	2,105	1,504
Charge-offs	0	0	0	(7)
Recoveries	0	0	0	0
Provisions	(75)	159	88	582
Ending balance	2,193	2,079	2,193	2,079
Real estate | Home equity
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	168	190	156	174
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	(6)	(20)	6	(4)
Ending balance	162	170	162	170
Originated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	19,409	16,039	17,883	14,128
Charge-offs	(376)	(61)	(392)	(69)
Recoveries	6	2	153	7
Provisions	398	1,235	1,793	3,149
Ending balance	19,437	17,215	19,437	17,215
Originated | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	5,474	3,792	4,240	3,310
Charge-offs	(366)	(59)	(366)	(59)
Recoveries	4	0	4	0
Provisions	469	306	1,703	788
Ending balance	5,581	4,039	5,581	4,039
Originated | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	347	39	350	3
Charge-offs	(10)	(2)	(26)	(10)
Recoveries	2	2	3	7
Provisions	9	311	21	350
Ending balance	348	350	348	350
Originated | Real estate | Residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,465	1,484	1,498	1,444
Charge-offs	0	0	0	0
Recoveries	0	0	146	0
Provisions	(14)	(4)	(193)	36
Ending balance	1,451	1,480	1,451	1,480
Originated | Real estate | Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	9,687	8,625	9,534	7,693
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	15	472	168	1,404
Ending balance	9,702	9,097	9,702	9,097
Originated | Real estate | Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,268	1,920	2,105	1,504
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	(75)	159	88	575
Ending balance	2,193	2,079	2,193	2,079
Originated | Real estate | Home equity
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	168	179	156	174
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	(6)	(9)	6	(4)
Ending balance	162	170	162	170
Acquired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	127	61	99	41
Charge-offs	0	(10)	(15)	(23)
Recoveries	0	0	0	0
Provisions	0	(16)	43	17
Ending balance	127	35	127	35
Acquired | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	90	24	43	24
Charge-offs	0	(10)	0	(10)
Recoveries	0	0	0	0
Provisions	25	(11)	72	(11)
Ending balance	115	3	115	3
Acquired | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	29	3	27	5
Charge-offs	0	0	(15)	(6)
Recoveries	0	0	0	0
Provisions	(25)	0	(8)	4
Ending balance	4	3	4	3
Acquired | Real estate | Residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0	0	0	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	0	0	0	0
Ending balance	0	0	0	0
Acquired | Real estate | Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8	23	29	12
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	0	6	(21)	17
Ending balance	8	29	8	29
Acquired | Real estate | Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0	0	0	0
Charge-offs	0	0	0	(7)
Recoveries	0	0	0	0
Provisions	0	0	0	7
Ending balance	0	0	0	0
Acquired | Real estate | Home equity
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0	11	0	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	0	(11)	0	0
Ending balance	$ 0	$ 0	$ 0	$ 0

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	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	$ 14,888		$ 4,849
Loans individually evaluated for impairment, Allowance	472		418
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,508,658		1,361,090
Loans collectively evaluated for impairment, Allowance	19,092		17,564
Portfolio, Total	1,523,546		1,365,939
Allowance, Total	19,564	$ 19,536	17,982	$ 17,250	$ 16,100	$ 14,169
Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	4,134		1,882
Loans individually evaluated for impairment, Allowance	119		42
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	268,371		214,032
Loans collectively evaluated for impairment, Allowance	5,577		4,241
Portfolio, Total	272,505		215,914
Allowance, Total	5,696	5,564	4,283	4,042	3,816	3,334
Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	345		368
Loans individually evaluated for impairment, Allowance	345		368
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	379		1,165
Loans collectively evaluated for impairment, Allowance	7		9
Portfolio, Total	724		1,533
Allowance, Total	352	376	377	353	42	8
Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,250,317		1,148,492
Real estate | Residential
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,005		969
Loans individually evaluated for impairment, Allowance	0		0
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	176,943		180,341
Loans collectively evaluated for impairment, Allowance	1,451		1,498
Portfolio, Total	178,948		181,310
Allowance, Total	1,451	1,465	1,498	1,480	1,484	1,444
Real estate | Commercial
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	7,711		918
Loans individually evaluated for impairment, Allowance	8		8
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	935,187		844,404
Loans collectively evaluated for impairment, Allowance	9,702		9,555
Portfolio, Total	942,898		845,322
Allowance, Total	9,710	9,695	9,563	9,126	8,648	7,705
Real estate | Construction
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	114,571		107,441
Loans collectively evaluated for impairment, Allowance	2,193		2,105
Portfolio, Total	114,571		107,441
Allowance, Total	2,193	2,268	2,105	2,079	1,920	1,504
Real estate | Home equity
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	693		712
Loans individually evaluated for impairment, Allowance	0		0
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	13,207		13,707
Loans collectively evaluated for impairment, Allowance	162		156
Portfolio, Total	13,900		14,419
Allowance, Total	162	168	156	170	190	174
Originated
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	12,543		3,263
Loans individually evaluated for impairment, Allowance	345		347
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,449,081		1,292,448
Loans collectively evaluated for impairment, Allowance	19,092		17,536
Portfolio, Total	1,461,624		1,295,711
Allowance, Total	19,437	19,409	17,883	17,215	16,039	14,128
Originated | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	3,391		920
Loans individually evaluated for impairment, Allowance	4		5
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	253,128		197,536
Loans collectively evaluated for impairment, Allowance	5,577		4,235
Portfolio, Total	256,519		198,456
Allowance, Total	5,581	5,474	4,240	4,039	3,792	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	212		331
Loans collectively evaluated for impairment, Allowance	7		9
Portfolio, Total	553		672
Allowance, Total	348	347	350	350	39	3
Originated | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,204,552		1,096,583
Originated | Real estate | Residential
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,005		969
Loans individually evaluated for impairment, Allowance	0		0
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	174,594		177,580
Loans collectively evaluated for impairment, Allowance	1,451		1,498
Portfolio, Total	176,599		178,549
Allowance, Total	1,451	1,465	1,498	1,480	1,484	1,444
Originated | Real estate | Commercial
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	6,561		774
Loans individually evaluated for impairment, Allowance	0		1
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	898,500		801,382
Loans collectively evaluated for impairment, Allowance	9,702		9,533
Portfolio, Total	905,061		802,156
Allowance, Total	9,702	9,687	9,534	9,097	8,625	7,693
Originated | Real estate | Construction
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	114,464		107,329
Loans collectively evaluated for impairment, Allowance	2,193		2,105
Portfolio, Total	114,464		107,329
Allowance, Total	2,193	2,268	2,105	2,079	1,920	1,504
Originated | Real estate | Home equity
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	245		259
Loans individually evaluated for impairment, Allowance	0		0
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	8,183		8,290
Loans collectively evaluated for impairment, Allowance	162		156
Portfolio, Total	8,428		8,549
Allowance, Total	162	168	156	170	179	174
Acquired
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,345		1,586
Loans individually evaluated for impairment, Allowance	127		71
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	59,577		68,642
Loans collectively evaluated for impairment, Allowance	0		28
Portfolio, Total	61,922		70,228
Allowance, Total	127	127	99	35	61	41
Acquired | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	743		962
Loans individually evaluated for impairment, Allowance	115		37
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	15,243		16,496
Loans collectively evaluated for impairment, Allowance	0		6
Portfolio, Total	15,986		17,458
Allowance, Total	115	90	43	3	24	24
Acquired | Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	4		27
Loans individually evaluated for impairment, Allowance	4		27
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	167		834
Loans collectively evaluated for impairment, Allowance	0		0
Portfolio, Total	171		861
Allowance, Total	4	29	27	3	3	5
Acquired | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	45,765		51,909
Acquired | Real estate | Residential
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	0		0
Loans individually evaluated for impairment, Allowance	0		0
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	2,349		2,761
Loans collectively evaluated for impairment, Allowance	0		0
Portfolio, Total	2,349		2,761
Allowance, Total	0	0	0	0	0	0
Acquired | Real estate | Commercial
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	1,150		144
Loans individually evaluated for impairment, Allowance	8		7
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	36,687		43,022
Loans collectively evaluated for impairment, Allowance	0		22
Portfolio, Total	37,837		43,166
Allowance, Total	8	8	29	29	23	12
Acquired | Real estate | Construction
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	107		112
Loans collectively evaluated for impairment, Allowance	0		0
Portfolio, Total	107		112
Allowance, Total	0	0	0	0	0	0
Acquired | Real estate | Home equity
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	448		453
Loans individually evaluated for impairment, Allowance	0		0
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	5,024		5,417
Loans collectively evaluated for impairment, Allowance	0		0
Portfolio, Total	5,472		5,870
Allowance, Total	$ 0	$ 0	$ 0	$ 0	$ 11	$ 0

LOANS RECEIVABLE AND ALLOWANC40

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 1,523,546	$ 1,365,939
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	272,505	215,914
Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,250,317	1,148,492
Real estate | Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	942,898	845,322
Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	114,571	107,441
Originated
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,461,624	1,295,711
Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	256,519	198,456
Originated | Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,204,552	1,096,583
Originated | Real estate | Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	905,061	802,156
Originated | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	114,464	107,329
Acquired
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	61,922	70,228
Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	15,986	17,458
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	45,765	51,909
Acquired | Real estate | Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	37,837	43,166
Acquired | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	107	112
Commercial credit quality indicators
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,329,974	1,168,677
Commercial credit quality indicators | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,306,669	1,159,544
Commercial credit quality indicators | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	19,149	6,390
Commercial credit quality indicators | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,100	2,743
Commercial credit quality indicators | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	56	0
Commercial credit quality indicators | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	272,505	215,914
Commercial credit quality indicators | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	267,664	213,272
Commercial credit quality indicators | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,826	201
Commercial credit quality indicators | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,959	2,441
Commercial credit quality indicators | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	56	0
Commercial credit quality indicators | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Real estate | Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	942,898	845,322
Commercial credit quality indicators | Real estate | Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	924,434	838,831
Commercial credit quality indicators | Real estate | Commercial Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	16,323	6,189
Commercial credit quality indicators | Real estate | Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,141	302
Commercial credit quality indicators | Real estate | Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Real estate | Commercial Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	114,571	107,441
Commercial credit quality indicators | Real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	114,571	107,441
Commercial credit quality indicators | Real estate | Construction | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Real estate | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Real estate | Construction | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,276,044	1,107,941
Commercial credit quality indicators | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,254,743	1,101,014
Commercial credit quality indicators | Originated | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	18,746	4,720
Commercial credit quality indicators | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,555	2,207
Commercial credit quality indicators | Originated | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	256,519	198,456
Commercial credit quality indicators | Originated | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	252,422	196,436
Commercial credit quality indicators | Originated | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,533	115
Commercial credit quality indicators | Originated | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,564	1,905
Commercial credit quality indicators | Originated | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Real estate | Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	905,061	802,156
Commercial credit quality indicators | Originated | Real estate | Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	887,857	797,249
Commercial credit quality indicators | Originated | Real estate | Commercial Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	16,213	4,605
Commercial credit quality indicators | Originated | Real estate | Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	991	302
Commercial credit quality indicators | Originated | Real estate | Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Real estate | Commercial Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	114,464	107,329
Commercial credit quality indicators | Originated | Real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	114,464	107,329
Commercial credit quality indicators | Originated | Real estate | Construction | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Real estate | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Originated | Real estate | Construction | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	53,930	60,736
Commercial credit quality indicators | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	51,926	58,530
Commercial credit quality indicators | Acquired | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	403	1,670
Commercial credit quality indicators | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,545	536
Commercial credit quality indicators | Acquired | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	56	0
Commercial credit quality indicators | Acquired | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	15,986	17,458
Commercial credit quality indicators | Acquired | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	15,242	16,836
Commercial credit quality indicators | Acquired | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	293	86
Commercial credit quality indicators | Acquired | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	395	536
Commercial credit quality indicators | Acquired | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	56	0
Commercial credit quality indicators | Acquired | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired | Real estate | Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	37,837	43,166
Commercial credit quality indicators | Acquired | Real estate | Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	36,577	41,582
Commercial credit quality indicators | Acquired | Real estate | Commercial Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	110	1,584
Commercial credit quality indicators | Acquired | Real estate | Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,150	0
Commercial credit quality indicators | Acquired | Real estate | Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired | Real estate | Commercial Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	107	112
Commercial credit quality indicators | Acquired | Real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	107	112
Commercial credit quality indicators | Acquired | Real estate | Construction | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired | Real estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired | Real estate | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial credit quality indicators | Acquired | Real estate | Construction | Loss
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 0	$ 0

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	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,523,546	$ 1,365,939
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	272,505	215,914
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	724	1,533
Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,250,317	1,148,492
Real estate | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	942,898	845,322
Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	114,571	107,441
Real estate | Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,948	181,310
Real estate | Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,900	14,419
Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,461,624	1,295,711
Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	256,519	198,456
Originated | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	553	672
Originated | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,204,552	1,096,583
Originated | Real estate | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	905,061	802,156
Originated | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	114,464	107,329
Originated | Real estate | Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,599	178,549
Originated | Real estate | Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,428	8,549
Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	61,922	70,228
Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,986	17,458
Acquired | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	171	861
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	45,765	51,909
Acquired | Real estate | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	37,837	43,166
Acquired | Real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	107	112
Acquired | Real estate | Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,349	2,761
Acquired | Real estate | Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,472	5,870
Residential and Consumer credit quality indicators
Financing Receivable, Recorded Investment [Line Items]
Total loans	193,572	197,262
Residential and Consumer credit quality indicators | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	190,477	194,064
Residential and Consumer credit quality indicators | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,096	265
Residential and Consumer credit quality indicators | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,601	2,568
Residential and Consumer credit quality indicators | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	4	0
Residential and Consumer credit quality indicators | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	394	365
Residential and Consumer credit quality indicators | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	724	1,533
Residential and Consumer credit quality indicators | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	326	1,166
Residential and Consumer credit quality indicators | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	2
Residential and Consumer credit quality indicators | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	4	0
Residential and Consumer credit quality indicators | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	394	365
Residential and Consumer credit quality indicators | Real estate | Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,948	181,310
Residential and Consumer credit quality indicators | Real estate | Residential Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,944	179,190
Residential and Consumer credit quality indicators | Real estate | Residential Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,035	196
Residential and Consumer credit quality indicators | Real estate | Residential Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	969	1,924
Residential and Consumer credit quality indicators | Real estate | Residential Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Real estate | Residential Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Real estate | Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,900	14,419
Residential and Consumer credit quality indicators | Real estate | Home Equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,207	13,708
Residential and Consumer credit quality indicators | Real estate | Home Equity | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	61	69
Residential and Consumer credit quality indicators | Real estate | Home Equity | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	632	642
Residential and Consumer credit quality indicators | Real estate | Home Equity | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Real estate | Home Equity | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	185,580	187,770
Residential and Consumer credit quality indicators | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	182,937	185,583
Residential and Consumer credit quality indicators | Originated | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,096	216
Residential and Consumer credit quality indicators | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,153	1,630
Residential and Consumer credit quality indicators | Originated | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	394	341
Residential and Consumer credit quality indicators | Originated | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	553	672
Residential and Consumer credit quality indicators | Originated | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	159	331
Residential and Consumer credit quality indicators | Originated | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	394	341
Residential and Consumer credit quality indicators | Originated | Real estate | Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,599	178,549
Residential and Consumer credit quality indicators | Originated | Real estate | Residential Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	174,595	176,961
Residential and Consumer credit quality indicators | Originated | Real estate | Residential Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,035	147
Residential and Consumer credit quality indicators | Originated | Real estate | Residential Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	969	1,441
Residential and Consumer credit quality indicators | Originated | Real estate | Residential Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated | Real estate | Residential Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated | Real estate | Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,428	8,549
Residential and Consumer credit quality indicators | Originated | Real estate | Home Equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,183	8,291
Residential and Consumer credit quality indicators | Originated | Real estate | Home Equity | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	61	69
Residential and Consumer credit quality indicators | Originated | Real estate | Home Equity | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	184	189
Residential and Consumer credit quality indicators | Originated | Real estate | Home Equity | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Originated | Real estate | Home Equity | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,992	9,492
Residential and Consumer credit quality indicators | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,540	8,481
Residential and Consumer credit quality indicators | Acquired | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	49
Residential and Consumer credit quality indicators | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	448	938
Residential and Consumer credit quality indicators | Acquired | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	4	0
Residential and Consumer credit quality indicators | Acquired | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	24
Residential and Consumer credit quality indicators | Acquired | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	171	861
Residential and Consumer credit quality indicators | Acquired | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	167	835
Residential and Consumer credit quality indicators | Acquired | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Acquired | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	2
Residential and Consumer credit quality indicators | Acquired | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	4	0
Residential and Consumer credit quality indicators | Acquired | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	24
Residential and Consumer credit quality indicators | Acquired | Real estate | Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,349	2,761
Residential and Consumer credit quality indicators | Acquired | Real estate | Residential Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,349	2,229
Residential and Consumer credit quality indicators | Acquired | Real estate | Residential Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	49
Residential and Consumer credit quality indicators | Acquired | Real estate | Residential Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	483
Residential and Consumer credit quality indicators | Acquired | Real estate | Residential Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Acquired | Real estate | Residential Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Acquired | Real estate | Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,472	5,870
Residential and Consumer credit quality indicators | Acquired | Real estate | Home Equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,024	5,417
Residential and Consumer credit quality indicators | Acquired | Real estate | Home Equity | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Acquired | Real estate | Home Equity | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	448	453
Residential and Consumer credit quality indicators | Acquired | Real estate | Home Equity | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Residential and Consumer credit quality indicators | Acquired | Real estate | Home Equity | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 0	$ 0

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	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 9,460	$ 6,355
Current	1,514,086	1,359,584
Total Loans	1,523,546	1,365,939
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,574	1,118
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,745	2,992
Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,141	2,245
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	272,505	215,914
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	724	1,533
Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,250,317	1,148,492
Real estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	178,948	181,310
Real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	942,898	845,322
Real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	114,571	107,441
Real estate | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	13,900	14,419
Originated
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,516	3,817
Current	1,454,108	1,291,894
Total Loans	1,461,624	1,295,711
Originated | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	908	147
Originated | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,639	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	94	378
Current	256,425	198,078
Total Loans	256,519	198,456
Originated | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	25	0
Originated | Commercial business | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	69	0
Originated | Commercial business | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	378
Originated | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	553	672
Total Loans	553	672
Originated | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Originated | Consumer | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Originated | Consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Originated | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,204,552	1,096,583
Originated | Real estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,471	969
Current	175,128	177,580
Total Loans	176,599	178,549
Originated | Real estate | Residential | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	502	0
Originated | Real estate | Residential | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Originated | Real estate | Residential | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969	969
Originated | Real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,570	2,297
Current	899,491	799,859
Total Loans	905,061	802,156
Originated | Real estate | Commercial | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	147
Originated | Real estate | Commercial | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,570	1,848
Originated | Real estate | Commercial | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	302
Originated | Real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	114,464	107,329
Total Loans	114,464	107,329
Originated | Real estate | Construction | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Originated | Real estate | Construction | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Originated | Real estate | Construction | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Originated | Real estate | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	381	173
Current	8,047	8,376
Total Loans	8,428	8,549
Originated | Real estate | Home equity | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	381	0
Originated | Real estate | Home equity | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	173
Originated | Real estate | Home equity | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,944	2,538
Current	59,978	67,690
Total Loans	61,922	70,228
Acquired | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	666	971
Acquired | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	106	971
Acquired | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,172	596
Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	578	348
Current	15,408	17,110
Total Loans	15,986	17,458
Acquired | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	293	99
Acquired | Commercial business | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	106	249
Acquired | Commercial business | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	179	0
Acquired | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6	6
Current	165	855
Total Loans	171	861
Acquired | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	6
Acquired | Consumer | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired | Consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4	0
Acquired | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	45,765	51,909
Acquired | Real estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	157	0
Current	2,192	2,761
Total Loans	2,349	2,761
Acquired | Real estate | Residential | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	157	0
Acquired | Real estate | Residential | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired | Real estate | Residential | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired | Real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	724	1,731
Current	37,113	41,435
Total Loans	37,837	43,166
Acquired | Real estate | Commercial | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	90	866
Acquired | Real estate | Commercial | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	722
Acquired | Real estate | Commercial | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	634	143
Acquired | Real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	107	112
Total Loans	107	112
Acquired | Real estate | Construction | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired | Real estate | Construction | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired | Real estate | Construction | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired | Real estate | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	479	453
Current	4,993	5,417
Total Loans	5,472	5,870
Acquired | Real estate | Home equity | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	124	0
Acquired | Real estate | Home equity | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Acquired | Real estate | Home equity | 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	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 4,241	$ 2,937
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	537	538
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	346	341
Real estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	969	969
Real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	1,757	446
Real estate | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 632	$ 643

LOANS RECEIVABLE AND ALLOWANC44

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of impaired loans (Details 8) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Total impaired loans
Total impaired loans, Carrying Amount	$ 14,888	$ 4,849
Total impaired loans, Unpaid Principal Balance	15,258	4,922
Total impaired loans, Associated Allowance	472	418
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	11,882	2,430
Impaired loans without a valuation allowance, Unpaid Principal Balance	12,161	2,473
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	661	833
Impaired loans with a valuation allowance, Unpaid Principal Balance	661	833
Impaired loans with a valuation allowance, Associated Allowance	345	347
Total impaired loans
Total impaired loans, Carrying Amount	12,543	3,263
Total impaired loans, Unpaid Principal Balance	12,822	3,306
Total impaired loans, Associated Allowance	345	347
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	3,071	551
Impaired loans without a valuation allowance, Unpaid Principal Balance	3,322	584
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	320	369
Impaired loans with a valuation allowance, Unpaid Principal Balance	320	369
Impaired loans with a valuation allowance, Associated Allowance	4	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 | Real estate | Residential
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	2,005	969
Impaired loans without a valuation allowance, Unpaid Principal Balance	2,005	969
Originated | Real estate | Commercial
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	6,561	651
Impaired loans without a valuation allowance, Unpaid Principal Balance	6,573	651
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	0	123
Impaired loans with a valuation allowance, Unpaid Principal Balance	0	123
Impaired loans with a valuation allowance, Associated Allowance	0	1
Originated | Real estate | Home equity
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	245	259
Impaired loans without a valuation allowance, Unpaid Principal Balance	261	269
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	1,709	1,025
Impaired loans without a valuation allowance, Unpaid Principal Balance	1,796	1,055
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	636	561
Impaired loans with a valuation allowance, Unpaid Principal Balance	640	561
Impaired loans with a valuation allowance, Associated Allowance	127	71
Total impaired loans
Total impaired loans, Carrying Amount	2,345	1,586
Total impaired loans, Unpaid Principal Balance	2,436	1,616
Total impaired loans, Associated Allowance	127	71
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	255	572
Impaired loans without a valuation allowance, Unpaid Principal Balance	283	593
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	488	390
Impaired loans with a valuation allowance, Unpaid Principal Balance	492	390
Impaired loans with a valuation allowance, Associated Allowance	115	37
Acquired | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	4	27
Impaired loans with a valuation allowance, Unpaid Principal Balance	4	27
Impaired loans with a valuation allowance, Associated Allowance	4	27
Acquired | Real estate | Commercial
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	1,006	0
Impaired loans without a valuation allowance, Unpaid Principal Balance	1,051	0
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	8	7
Acquired | Real estate | Home equity
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	448	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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Total impaired loans
Total impaired loans, Average Recorded Investment	$ 15,322	$ 8,146	$ 16,020	$ 8,263
Total impaired loans, Interest Income Recognized	123	85	169	176
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	12,283	4,651	12,694	4,672
Impaired loans without a valuation allowance, Interest Income Recognized	109	59	130	89
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	669	1,237	702	1,270
Impaired loans with a valuation allowance, Interest Income Recognized	5	12	14	35
Total impaired loans
Total impaired loans, Average Recorded Investment	12,952	5,888	13,396	5,942
Total impaired loans, Interest Income Recognized	114	71	144	124
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	3,465	207	3,808	216
Impaired loans without a valuation allowance, Interest Income Recognized	17	6	25	10
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	328	407	361	431
Impaired loans with a valuation allowance, Interest Income Recognized	5	6	14	17
Originated | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	341	343	341	343
Impaired loans with a valuation allowance, Interest Income Recognized	0	0	0	0
Originated | Real estate | Residential
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	2,006	969	2,007	969
Impaired loans without a valuation allowance, Interest Income Recognized	0	0	0	0
Originated | Real estate | Commercial
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	6,566	3,211	6,627	3,217
Impaired loans without a valuation allowance, Interest Income Recognized	92	52	105	77
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	0	487	0	496
Impaired loans with a valuation allowance, Interest Income Recognized	0	6	0	18
Originated | Real estate | Home equity
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	246	264	252	270
Impaired loans without a valuation allowance, Interest Income Recognized	0	1	0	2
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	1,727	1,758	1,805	1,813
Impaired loans without a valuation allowance, Interest Income Recognized	3	10	18	35
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	643	500	819	508
Impaired loans with a valuation allowance, Interest Income Recognized	6	4	7	17
Total impaired loans
Total impaired loans, Average Recorded Investment	2,370	2,258	2,624	2,321
Total impaired loans, Interest Income Recognized	9	14	25	52
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	265	878	304	914
Impaired loans without a valuation allowance, Interest Income Recognized	3	10	8	32
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	495	353	671	361
Impaired loans with a valuation allowance, Interest Income Recognized	6	4	7	16
Acquired | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	4	3	4	3
Impaired loans with a valuation allowance, Interest Income Recognized	0	0	0	1
Acquired | Real estate | Commercial
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	1,013	425	1,048	442
Impaired loans without a valuation allowance, Interest Income Recognized	0	0	10	0
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	0	0	0	0
Acquired | Real estate | Home equity
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	449	455	453	457
Impaired loans without a valuation allowance, Interest Income Recognized	0	0	$ 0	$ 3
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	0	0
Impaired loans with a valuation allowance, Interest Income Recognized	$ 0	$ 0

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		9 Months Ended
	Sep. 30, 2017USD ($)Loan	Sep. 30, 2016USD ($)Loan	Sep. 30, 2017USD ($)Loan	Sep. 30, 2016USD ($)Loan
Commercial business
Financing Receivable, Modifications [Line Items]
Number of Loans | Loan	1	1	3	3
Outstanding Recorded Investment Pre-Modification	$ 60	$ 65	$ 405	$ 324
Outstanding Recorded Investment Post-Modification	$ 60	$ 65	$ 405	$ 324
Real estate
Financing Receivable, Modifications [Line Items]
Number of Loans | Loan	2	1	5	3
Outstanding Recorded Investment Pre-Modification	$ 1,985	$ 65	$ 3,370	$ 324
Outstanding Recorded Investment Post-Modification	$ 1,985	$ 65	$ 3,370	$ 324
Real estate | Residential
Financing Receivable, Modifications [Line Items]
Number of Loans | Loan	1	0	2	0
Outstanding Recorded Investment Pre-Modification	$ 1,925	$ 0	$ 2,965	$ 0
Outstanding Recorded Investment Post-Modification	$ 1,925	$ 0	$ 2,965	$ 0

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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Payment concession	$ 1,925	$ 0	$ 2,029	$ 0
Maturity concession	60	65	301	324
Rate and payment concession	0	0	1,040	0
Total	$ 1,985	$ 65	$ 3,370	$ 324

LOANS RECEIVABLE AND ALLOWANC48

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 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	4,600	$ 1,400
TDR on non accrual status	$ 384	$ 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	Sep. 30, 2017
Stockholders Equity Note [Line Items]
Number of warrants exercised		42,000
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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	$ 1,022	$ (284)	$ 890	$ 227
Other comprehensive income (loss) before reclassifications, net of tax	229	347	526	(72)
Amounts reclassified from accumulated other comprehensive income	0	0	(165)	(92)
Net other comprehensive income (loss)	229	347	361	(164)
Balance	1,251	63	1,251	63
Net Unrealized Gain (Loss) on Available for Sale Securities
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	596	1,227	409	405
Other comprehensive income (loss) before reclassifications, net of tax	16	(241)	368	673
Amounts reclassified from accumulated other comprehensive income	0	0	(165)	(92)
Net other comprehensive income (loss)	16	(241)	203	581
Balance	612	986	612	986
Net Unrealized Gain (Loss) on Interest Rate Swap
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	426	(1,511)	481	(178)
Other comprehensive income (loss) before reclassifications, net of tax	213	588	158	(745)
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Net other comprehensive income (loss)	213	588	158	(745)
Balance	$ 639	$ (923)	$ 639	$ (923)

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		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income		$ 4,263	$ 3,140	$ 11,734	$ 9,027
Dividends to participating securities	[1]	(7)	(6)	(21)	(18)
Undistributed earnings allocated to participating securities	[1]	(47)	(56)	(134)	(155)
Net income for earnings per share calculation		$ 4,209	$ 3,078	$ 11,579	$ 8,854
Weighted average shares outstanding, basic (in shares)		7,587,471	7,397,067	7,554,739	7,388,364
Effect of dilutive equity-based awards	[2]	83,000	92,000	98,000	71,000
Weighted average shares outstanding, diluted (in shares)		7,670,258	7,488,752	7,652,355	7,459,283
Net earnings per common share:
Basic earnings per common share (in dollars per share)		$ 0.55	$ 0.42	$ 1.53	$ 1.20
Diluted earnings per common share (in dollars per share)		$ 0.55	$ 0.41	$ 1.51	$ 1.19
[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	Sep. 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	$ 171,908	$ 157,604
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.94%	11.59%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 70,691	$ 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	$ 102,109	$ 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	$ 191,472	$ 174,610
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	12.19%	12.85%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 125,673	$ 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	$ 157,091	$ 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	$ 171,908	$ 157,604
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.94%	11.59%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 94,255	$ 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	$ 125,673	$ 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	$ 171,908	$ 157,604
Tier I Capital to Average Assets, Actual Capital, Ratio	9.78%	10.10%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 70,338	$ 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	$ 87,923	$ 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	$ 153,475	$ 141,338
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	9.74%	10.39%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 70,892	$ 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	$ 198,129	$ 184,371
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	12.58%	13.55%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 126,030	$ 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	$ 153,475	$ 141,338
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	9.74%	10.39%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 94,522	$ 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	$ 153,475	$ 141,338
Tier I Capital to Average Assets, Actual Capital, Ratio	8.69%	9.06%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 70,630	$ 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)	9 Months Ended
	Sep. 30, 2017
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	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]
Tier 1 capital to risk-weighted assets requirement	6.00%
Percentage of capital ratio	2.00%

STOCK-BASED COMPENSATION - Outs

STOCK-BASED COMPENSATION - Outstanding share options (Details) - Employee Stock Options	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Number of Shares
Options outstanding at beginning of period | shares	120,988
Exercised | shares	(39,811)
Forfeited | shares	(200)
Options outstanding at end of period | shares	80,977
Options exercisable at end of period | shares	80,977
Weighted Average Exercise Price
Options outstanding at beginning of period | $ / shares	$ 18.58
Exercised | $ / shares	17.96
Forfeited | $ / shares	15
Options outstanding at end of period | $ / shares	18.89
Options exercisable at end of period | $ / shares	$ 18.89

STOCK-BASED COMPENSATION - Acti

STOCK-BASED COMPENSATION - Activity for restricted stock (Details 1)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Number of Shares
Unvested at beginning of period | shares	96,594
Granted | shares	30,250
Vested | shares	(14,807)
Forfeited | shares	(15,549)
Unvested at end of period | shares	96,488
Weighted Average Grant Date Fair Value
Unvested at beginning of period | $ / shares	$ 19.80
Granted | $ / shares	32.95
Vested | $ / shares	19.80
Forfeited | $ / shares	20.41
Unvested at end of period | $ / shares	$ 23.86

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Detail Textuals) $ / shares in Units, $ in Thousands	Dec. 09, 2014$ / sharesshares	Jan. 31, 2016$ / shares	Sep. 30, 2017USD ($)Planshares	Sep. 30, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested | shares			14,807
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 | $			$ 570
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expenses | $			$ 671	$ 781
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			472,584
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Notional Amount	$ 25,000
Fair Value Asset (Liability)	93
Cash Flow Hedging
Derivative [Line Items]
Notional Amount	150,000	$ 100,000
Fair Value Asset (Liability)	980	737
Interest rate swap on FHLB advance | Cash Flow Hedging
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)	$ (8)	$ (91)
Interest rate swap on FHLB advance | Cash Flow Hedging
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)	$ (51)	$ (138)
Interest rate swap on FHLB advance | Cash Flow Hedging
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)	$ 238	$ 249
Interest rate swap on FHLB advance | Cash Flow Hedging
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)	$ 607	$ 717
Interest rate swap on FHLB advance | Cash Flow Hedging
Derivative [Line Items]
Notional Amount	$ 25,000
Original Maturity	7 years
Received	3-month USD LIBOR
Paid	2.04%
Fair Value Asset (Liability)	$ 101
Interest rate swap on FHLB advance | Cash Flow Hedging
Derivative [Line Items]
Notional Amount	$ 25,000
Original Maturity	7 years
Received	3-month USD LIBOR
Paid	2.04%
Fair Value Asset (Liability)	$ 93

DERIVATIVE INSTRUMENTS - Forwar

DERIVATIVE INSTRUMENTS - Forward starting interest rate swap transactions (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Notional Amount	$ 25,000
Cash Flow Hedging
Derivative [Line Items]
Notional Amount	150,000	$ 100,000
Interest rate swap | Cash Flow Hedging
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 | Cash Flow Hedging | 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 | Cash Flow Hedging | 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 | Cash Flow Hedging | 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 | Cash Flow Hedging | 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
Interest rate swap | Cash Flow Hedging | FHLB 90-day advance | August 25, 2017
Derivative [Line Items]
Notional Amount	$ 25,000
Original Effective Date of Hedged Borrowing	Aug. 25, 2017
Duration of Borrowing	7 years
counter party	Bank of Montreal
Interest rate swap | Cash Flow Hedging | FHLB 90-day advance | August 25, 2017
Derivative [Line Items]
Notional Amount	$ 25,000
Original Effective Date of Hedged Borrowing	Aug. 25, 2017
Duration of Borrowing	7 years
counter party	FTN Financial Capital Markets

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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Interest rate swap on FHLB advance:
Unrealized gains (losses) recognized in accumulated other comprehensive income	$ 327	$ 904	$ 243	$ (1,147)
Income tax (expense) benefit on items recognized in accumulated other comprehensive income	(114)	(316)	(85)	402
Other comprehensive income (loss)	213	588	158	(745)
Interest expense recognized on hedged FHLB advance	$ 489	$ 386	$ 1,258	$ 999

FAIR VALUE OF FINANCIAL INSTR61

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying values and fair values of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financial Assets:
Federal funds sold	$ 11,117	$ 329
Available for sale securities	86,272	87,751
Held to maturity securities	23,573	16,859
Carrying Value
Financial Assets:
Cash and due from banks	85,329	96,026
Federal funds sold	11,117	329
Available for sale securities	86,272	87,751
Held to maturity securities	23,573	16,859
Loans held for sale	785	254
Loans receivable, net	1,500,574	1,343,895
Accrued interest receivable	5,344	4,958
FHLB stock	9,351	7,943
Servicing asset	599
Derivative asset	1,039	966
Financial Liabilities:
Demand deposits	162,790	187,593
NOW and money market	512,471	402,982
Savings	87,469	96,601
Time deposits	647,061	601,861
Accrued interest payable	1,061	837
Advances from the FHLB	195,000	160,000
Subordinated debentures	25,090	25,051
Servicing liability	388
Derivative liability	59	229
Fair Value
Financial Assets:
Cash and due from banks	85,329	96,026
Federal funds sold	11,117	329
Available for sale securities	86,272	87,751
Held to maturity securities	23,572	16,851
Loans held for sale	785	254
Loans receivable, net	1,493,385	1,339,055
Accrued interest receivable	5,344	4,958
FHLB stock	9,351	7,943
Servicing asset	599
Derivative asset	1,039	966
Financial Liabilities:
Demand deposits	162,790	187,593
NOW and money market	512,471	402,982
Savings	87,469	96,601
Time deposits	679,525	603,456
Accrued interest payable	1,061	837
Advances from the FHLB	195,149	160,118
Subordinated debentures	25,720	25,645
Servicing liability	388
Derivative liability	59	229
Level 1
Financial Assets:
Cash and due from banks	85,329	96,026
Federal funds sold	11,117	329
Available for sale securities	0	0
Held to maturity securities	0	0
Loans held for sale	0	0
Loans receivable, net	0	0
Accrued interest receivable	0	0
FHLB stock	0	0
Servicing asset	0
Derivative asset	0	0
Financial Liabilities:
Demand deposits	0	0
NOW and money market	0	0
Savings	0	0
Time deposits	0	0
Accrued interest payable	0	0
Advances from the FHLB	0	0
Subordinated debentures	0	0
Servicing liability	0
Derivative liability	0	0
Level 2
Financial Assets:
Cash and due from banks	0	0
Federal funds sold	0	0
Available for sale securities	86,272	87,751
Held to maturity securities	23,572	16,851
Loans held for sale	785	254
Loans receivable, net	0	0
Accrued interest receivable	5,344	4,958
FHLB stock	9,351	7,943
Servicing asset	0
Derivative asset	1,039	966
Financial Liabilities:
Demand deposits	162,790	187,593
NOW and money market	512,471	402,982
Savings	87,469	96,601
Time deposits	0	0
Accrued interest payable	1,061	837
Advances from the FHLB	0	0
Subordinated debentures	0	0
Servicing liability	0
Derivative liability	59	229
Level 3
Financial Assets:
Cash and due from banks	0	0
Federal funds sold	0	0
Available for sale securities	0	0
Held to maturity securities	0	0
Loans held for sale	0	0
Loans receivable, net	1,493,385	1,339,055
Accrued interest receivable	0	0
FHLB stock	0	0
Servicing asset	599
Derivative asset	0	0
Financial Liabilities:
Demand deposits	0	0
NOW and money market	0	0
Savings	0	0
Time deposits	679,525	603,456
Accrued interest payable	0	0
Advances from the FHLB	195,149	160,118
Subordinated debentures	25,720	25,645
Servicing liability	388
Derivative liability	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Available-for-sale investment securities:
Available for sale securities	$ 86,272	$ 87,751
Level 1
Available-for-sale investment securities:
Available for sale securities	0	0
Derivative asset	0	0
Level 2
Available-for-sale investment securities:
Available for sale securities	86,272	87,751
Derivative asset	1,039	966
Level 3
Available-for-sale investment securities:
Available for sale securities	0	0
Derivative asset	0	0
Fair Value Measurements Recurring | Level 1
Available-for-sale investment securities:
Derivative asset	0	0
Fair Value Measurements Recurring | Level 1 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities	0	0
Fair Value Measurements Recurring | Level 1 | State agency and municipal obligations
Available-for-sale investment securities:
Available for sale securities	0	0
Fair Value Measurements Recurring | Level 1 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities	0	0
Fair Value Measurements Recurring | Level 2
Available-for-sale investment securities:
Derivative asset	980	737
Fair Value Measurements Recurring | Level 2 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities	64,734	62,698
Fair Value Measurements Recurring | Level 2 | State agency and municipal obligations
Available-for-sale investment securities:
Available for sale securities	12,316	14,763
Fair Value Measurements Recurring | Level 2 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities	9,222	10,290
Fair Value Measurements Recurring | Level 3
Available-for-sale investment securities:
Derivative asset	0	0
Fair Value Measurements Recurring | Level 3 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities	0	0
Fair Value Measurements Recurring | Level 3 | State agency and municipal obligations
Available-for-sale investment securities:
Available for sale securities	0	0
Fair Value Measurements Recurring | Level 3 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Fin63

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on nonrecurring basis (Details 1) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 14,888	$ 4,849
Fair Value Measurements Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate	0	0
Fair Value Measurements Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate	0	0
Fair Value Measurements Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	14,888	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) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 14,888	$ 4,849
Level 3 | Fair Value Measurements Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	14,888	4,849
Foreclosed real estate	$ 222	$ 272
Level 3 | Fair Value Measurements Nonrecurring | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Methodology, Appraisals	Appraisals	Appraisals
Valuation Methodology, Discounted cash flows	Discounted cash flows	Discounted cash flows
Unobservable Input, Discount to appraised value		0.00%
Unobservable Input, Discount rate		0.00%
Level 3 | Fair Value Measurements Nonrecurring | Impaired loans | Appraisals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,076	$ 2,127
Level 3 | Fair Value Measurements Nonrecurring | Impaired loans | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 6,812	$ 2,722
Level 3 | Fair Value Measurements Nonrecurring | Impaired loans | Minimum | Appraisals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount rate	8.00%	8.00%
Level 3 | Fair Value Measurements Nonrecurring | Impaired loans | Minimum | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount rate	3.00%	4.25%
Level 3 | Fair Value Measurements Nonrecurring | Impaired loans | Maximum | Appraisals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount rate	18.40%	28.00%
Level 3 | Fair Value Measurements Nonrecurring | Impaired loans | Maximum | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount rate	6.25%	6.25%
Level 3 | Fair Value Measurements Nonrecurring | Foreclosed Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		$ 272
Foreclosed real estate	$ 222
Valuation Methodology, Appraisals	Appraisals	Appraisals
Valuation Methodology, Discounted cash flows	Discount to appraised value
Unobservable Input, Discount to appraised value		0.00%
Unobservable Input, Discount rate	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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,895	$ 1,437	$ 6,024	$ 4,110
Effective tax rates	30.80%	31.40%	33.90%	31.30%