Bankwell Financial (BWFG) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
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		7,552,558
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets - (

Consolidated Balance Sheets - (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 92,745	$ 49,562
Federal funds sold	1,932	39,035
Cash and cash equivalents	94,677	88,597
Held to maturity investment securities, at amortized cost	16,959	10,226
Available for sale investment securities, at fair value	83,837	40,581
Loans receivable (net of allowance for loan losses of $16,100 at June 30, 2016 and $14,169 at December 31, 2015)	1,256,949	1,129,748
Foreclosed real estate	492	1,248
Accrued interest receivable	4,708	4,071
Federal Home Loan Bank stock, at cost	7,393	6,554
Premises and equipment, net	10,659	11,163
Bank-owned life insurance	24,103	23,755
Goodwill	2,589	2,589
Other intangible assets	572	652
Deferred income taxes, net	9,487	8,337
Other assets	3,695	2,851
Total assets	1,516,120	1,330,372
Deposits
Noninterest bearing deposits	178,917	164,553
Interest bearing deposits	1,001,674	882,389
Total deposits	1,180,591	1,046,942
Advances from the Federal Home Loan Bank	165,000	120,000
Subordinated debentures	25,025	25,000
Accrued expenses and other liabilities	8,382	6,661
Total liabilities	1,378,998	1,198,603
Commitments and Contingencies
Shareholders' equity
Common stock, no par value; 10,000,000 shares authorized, 7,544,458 and 7,516,291 shares issued at June 30, 2016 and December 31, 2015, respectively	113,309	112,579
Retained earnings	24,097	18,963
Accumulated other comprehensive (loss) income	(284)	227
Total shareholders' equity	137,122	131,769
Total liabilities and shareholders' equity	$ 1,516,120	$ 1,330,372

Consolidated Balance Sheets - 3

Consolidated Balance Sheets - (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for loan losses (in dollars)	$ 16,100	$ 14,169
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, share authorized	10,000,000	10,000,000
Common stock, share issued	7,544,458	7,516,291

Consolidated Statements of Inco

Consolidated Statements of Income - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income
Interest and fees on loans	$ 13,970	$ 11,897	$ 27,253	$ 22,653
Interest and dividends on securities	711	474	1,395	978
Interest on cash and cash equivalents	30	17	67	29
Total interest income	14,711	12,388	28,715	23,660
Interest expense
Interest expense on deposits	1,962	1,231	3,702	2,269
Interest on borrowings	870	416	1,736	757
Total interest expense	2,832	1,647	5,438	3,026
Net interest income	11,879	10,741	23,277	20,634
Provision for loan losses	1,301	654	1,947	1,387
Net interest income after provision for loan losses	10,578	10,087	21,330	19,247
Noninterest income
Service charges and fees	235	233	480	441
Bank owned life insurance	174	185	348	368
Gain on sale of foreclosed real estate, net	128		128	18
Gains and fees from sales of loans	114	349	224	438
Net gain on sale of available for sale securities	92		92
Other	110	87	253	187
Total noninterest income	853	854	1,525	1,452
Noninterest expense
Salaries and employee benefits	3,817	4,057	7,628	8,019
Occupancy and equipment	1,392	1,310	2,800	2,659
Data processing	377	405	784	741
Professional services	370	369	736	694
Marketing	263	271	402	418
FDIC insurance	168	163	337	321
Director fees	140	141	295	289
Amortization of intangibles	40	51	80	102
Foreclosed real estate	30	6	102	10
Other	618	607	1,131	1,097
Total noninterest expense	7,215	7,380	14,295	14,350
Income before income tax expense	4,216	3,561	8,560	6,349
Income tax expense	1,320	1,275	2,673	2,190
Net income	2,896	2,286	5,887	4,159
Net income attributable to common shareholders	$ 2,896	$ 2,259	$ 5,887	$ 4,104
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.38	$ 0.31	$ 0.78	$ 0.57
Diluted (in dollars per share)	$ 0.38	$ 0.31	$ 0.78	$ 0.57
Weighted Average Common Shares Outstanding:
Basic (in shares)	7,387,712	7,042,290	7,383,965	7,035,432
Diluted (in shares)	7,467,954	7,056,916	7,446,456	7,056,566
Dividends per common share (in dollars per share)	$ 0.05		$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 2,896	$ 2,286	$ 5,887	$ 4,159
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) on available for sale securities	332	(778)	1,357	(452)
Reclassification adjustment for (gain) loss realized in net income	(92)		(92)
Net change in unrealized gains (losses)	240	(778)	1,265	(452)
Income tax (expense) benefit	(84)	303	(443)	176
Unrealized gains (losses) on securities, net of tax	156	(475)	822	(276)
Unrealized (losses) gains on interest rate swaps:
Unrealized (losses) gains on interest rate swaps designated as cash flow hedges	(643)	336	(2,051)	(232)
Income tax benefit (expense)	225	(131)	718	90
Unrealized (losses) gains on interest rate swaps, net of tax	(418)	205	(1,333)	(142)
Total other comprehensive loss, net of tax	(262)	(270)	(511)	(418)
Comprehensive income	$ 2,634	$ 2,016	$ 5,376	$ 3,741

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - (UNAUDITED) - USD ($) $ in Thousands	Preferred Stock	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2014	$ 10,980	$ 107,265	$ 10,434	$ 531	$ 129,210
Balance (in shares) at Dec. 31, 2014		7,185,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			4,159		4,159
Other comprehensive loss, net of tax				(418)	(418)
Preferred stock cash dividends			(55)		(55)
Stock-based compensation expense		$ 515			515
Forfeitures of restricted stock (in shares)		(2,548)
Issuance of restricted stock (in shares)		40,000
Stock options exercised		$ 258			258
Stock options exercised (in shares)		17,770
Balance at Jun. 30, 2015		$ 108,038	14,538	113	133,669
Balance (in shares) at Jun. 30, 2015	10,980	7,240,704
Balance at Dec. 31, 2015		$ 112,579	18,963	227	131,769
Balance (in shares) at Dec. 31, 2015		7,516,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			5,887		5,887
Other comprehensive loss, net of tax				(511)	(511)
Cash dividends declared ($0.10 per share)			(753)		(753)
Stock-based compensation expense		$ 506			506
Forfeitures of restricted stock (in shares)		(633)
Issuance of restricted stock (in shares)		14,300
Stock options exercised		$ 224			$ 224
Stock options exercised (in shares)		14,500			14,500
Balance at Jun. 30, 2016		$ 113,309	$ 24,097	$ (284)	$ 137,122
Balance (in shares) at Jun. 30, 2016		7,544,458

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity - (UNAUDITED) (Parentheticals) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.05	$ 0.10

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net income	$ 5,887	$ 4,159
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premiums and discounts on investment securities	369	66
Provision for loan losses	1,947	1,387
Provision for deferred taxes	(875)	(536)
Net gain on sales of available for sale securities	(92)
Depreciation and amortization	865	833
Increase in cash surrender value of bank-owned life insurance	(348)	(367)
Loan principal sold	(3,555)	(7,174)
Proceeds from sales of loans	3,779	8,198
Net gain on sales of loans	(224)	(438)
Stock-based compensation	506	515
Net accretion of purchase accounting adjustments	(73)	(77)
Gain (loss) on sale and write-downs of foreclosed real estate	62	(18)
Net change in:
Deferred loan fees	304	347
Accrued interest receivable	(637)	(251)
Other assets	(2,736)	673
Accrued expenses and other liabilities	1,721	(458)
Net cash provided by operating activities	6,900	6,859
Cash flows from investing activities
Proceeds from principal repayments on available for sale securities	650	583
Proceeds from principal repayments on held to maturity securities	104	108
Net proceeds from sales and calls of available for sale securities	8,308	17,030
Purchases of available for sale securities	(51,228)
Purchases of held to maturity securities	(6,835)
Net increase in loans	(129,494)	(107,551)
Purchases of premises and equipment	(361)	(791)
Purchase of Federal Home Loan Bank stock	(839)	(809)
Proceeds from sale of foreclosed real estate	694	138
Net cash used by investing activities	(179,001)	(91,292)
Cash flows from financing activities
Net change in time certificates of deposit	107,009	39,449
Net change in other deposits	26,675	76,772
Amortization of debt issuance costs	26
Net change in FHLB advances	45,000	(5,000)
Proceeds from exercise of options	224	258
Dividends paid on common stock	(753)
Dividends paid on preferred stock		(55)
Net cash provided by financing activities	178,181	111,424
Net increase in cash and cash equivalents	6,080	26,991
Cash and cash equivalents:
Beginning of year	88,597	48,559
End of period	94,677	75,550
Cash paid for:
Interest	5,405	2,878
Income taxes	4,479	2,491
Noncash investing and financing activities
Loans transferred to foreclosed real estate

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
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. 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 Fairfield County and New Haven County regions of 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 and derivative instrument 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, 2016. 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, 2015. Significant concentrations of credit risk Most of the Company’s activities are with customers located within Fairfield and New Haven Counties and the surrounding region of 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 2016 financial statement presentation. These reclassifications only changed the reporting categories and did not affect the consolidated results of operat i 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. 2014-12, Compensation – Stock Compensation (Topic 718): “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force).” ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-20): “Simplifying the Presentation of Debt Issuance Costs.” ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): “Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-02, Leases (Topic 842). ASU 2016-09, Compensation – Stock Compensation (Topic 718): “Improvements to Employee Share-Based Payment Accounting.” ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): “Measurement of Credit Losses on Financial Instruments

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	2. Investment Securities The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at June 30, 2016 were as follows: June 30, 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 $ 54,099 $ 828 $ - $ 54,927 Due from five through ten years 31 2 - 33 Due after ten years 100 - - 100 54,230 830 - 55,060 State agency, U.S. Territories and municipal obligations Due from one through five years 825 49 - 874 Due from five through ten years 10,320 556 (300 ) 10,576 Due after ten years 5,359 366 - 5,725 16,504 971 (300 ) 17,175 Corporate bonds Due in less than one year 1,004 9 - 1,013 Due from one through five years 9,196 336 - 9,532 Due from five through ten years 1,011 45 - 1,056 11,211 390 - 11,601 Government-sponsored mortgage backed securities No contractual maturity 1 - - 1 Total available for sale securities $ 81,946 $ 2,191 $ (300 ) $ 83,837 Held to maturity securities: State agency, U.S. Territories and municipal obligations Due from one through five years $ 2,135 $ - $ - $ 2,135 Due after ten years 13,652 - - 13,652 15,787 - - 15,787 Corporate bonds Due from one through five years 1,000 - (8 ) 992 Government-sponsored mortgage backed securities No contractual maturity 172 17 - 189 Total held to maturity securities $ 16,959 $ 17 $ (8 ) $ 16,968 The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at December 31, 2015 were as follows: December 31, 2015 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 $ 6,198 $ - $ (77 ) $ 6,121 Due from five through ten years 394 4 (2 ) 396 Due after ten years 647 - (21 ) 626 7,239 4 (100 ) 7,143 State agency, U.S. Territories and municipal obligations Due from one through five years 520 39 - 559 Due from five through ten years 9,762 361 (322 ) 9,801 Due after ten years 6,778 367 (1 ) 7,144 17,060 767 (323 ) 17,504 Corporate bonds Due in less than one year 1,010 22 - 1,032 Due from one through five years 9,233 156 (9 ) 9,380 Due from five through ten years 1,013 12 - 1,025 11,256 190 (9 ) 11,437 Government-sponsored mortgage backed securities No contractual maturity 4,400 107 (10 ) 4,497 4,400 107 (10 ) 4,497 Total available for sale securities $ 39,955 $ 1,068 $ (442 ) $ 40,581 Held to maturity securities: State agency, U.S. Territories and municipal obligations Due after ten years $ 9,026 $ - $ - $ 9,026 Corporate bonds Due from one through five years 1,000 - (19 ) 981 Government-sponsored mortgage backed securities No contractual maturity 200 21 - 221 Total held to maturity securities $ 10,226 $ 21 $ (19 ) $ 10,228 The realized gain on the sale of investment securities totaled $92 thousand for the three and six months ended June 30, 2016. There were no sales of or realized gains or losses on investment securities during the three and six months ended June 30, 2015. At June 30, 2016 and December 31, 2015, securities with approximate fair values of $6.1 million and $5.9 million were pledged as collateral for public deposits, respectively. The following table provides information regarding investment securities with unrealized losses, aggregated by investment category and length of time that individual securities had been in a continuous unrealized loss position at June 30, 2016 and December 31, 2015: Length of Time in Continuous Unrealized Loss Position Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (In thousands) June 30, 2016 State agency, U.S. Territories and municipal obligations $ - $ - $ 695 $ (300 ) $ 695 $ (300 ) Corporate bonds 993 (8 ) - - 993 (8 ) Total investment securities $ 993 $ (8 ) $ 695 $ (300 ) $ 1,688 $ (308 ) December 31, 2015 U.S. Government and agency obligations $ 5,486 $ (60 ) $ 1,259 $ (40 ) $ 6,745 $ (100 ) State agency, U.S. Territories and municipal obligations 126 (1 ) 665 (322 ) 791 (323 ) Corporate bonds 1,970 (28 ) - - 1,970 (28 ) Government-sponsored mortgage backed securities 768 (4 ) 413 (6 ) 1,181 (10 ) Total investment securities $ 8,350 $ (93 ) $ 2,337 $ (368 ) $ 10,687 $ (461 ) There were 2 and 29 investment securities as of June 30, 2016 and December 31, 2015, respectively, in which the fair value of the security was less than the amortized cost of the security. The Company continually monitors its state agency, U.S. Territories, municipal and corporate bond portfolios and at this time these portfolios have minimal default risk because state agency, U.S. Territories, municipal and corporate bonds are all rated above investment grade except for one U.S. Territory bond (a Commonwealth of Puerto Rico senior lien sales tax financing corporate bond or “COFINA” bond) with a cost of $995.0 thousand and a market value of $695.0 thousand that is rated two levels below investment grade. The Company has determined that the unrealized loss on this U.S. Territory bond is, thus far, not other than temporarily impaired because payments are backed by a senior lien position on dedicated cash receipts from sales tax revenue with a strong debt service coverage. In February 2016, the Commonwealth of Puerto Rico proposed a voluntary debt restructuring of all of its outstanding debt. The voluntary restructuring proposal has been rejected by most creditors. In addition, a “debt moratorium” was announced on May 2, 2016 by the Commonwealth of Puerto Rico and, as a result, it appears that there may be potential litigation and negotiations relating to its debt obligations. On June 30, 2016 the PROMESA (Puerto Rico Oversight, Management and Economic Stability Act) Bill was signed into law by the U.S. Congress. The Bill established a seven member oversight board whose task includes creating a fiscal plan for Puerto Rico and to negotiate with creditors to determine bondholder payment and recoveries. Board members must be appointed by the President of the United States no later than September 15, 2016. These events could impact our assessment and the valuation of this bond in the future. Given the uncertainty surrounding the timing and impact of these events the Company will continue to monitor the ongoing negotiations and review the bond for potential other than temporary impairment as events unfold.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	3. Loans Receivable And Allowance For Loan Losses Loans acquired in connection with the Wilton acquisition in November 2013 and the Quinnipiac acquisition in October 2014 are referred to as “acquired” loans as a result of the manner in which they are accounted for. All other loans are referred to as “originated” loans. Accordingly, selected credit quality disclosures that follow are presented separately for the originated loan portfolio and the acquired loan portfolio. The following table sets forth a summary of the loan portfolio at June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 178,215 $ 2,820 $ 181,035 $ 174,311 $ 2,873 $ 177,184 Commercial 735,713 49,329 785,042 643,524 54,018 697,542 Construction 97,823 442 98,265 81,242 1,031 82,273 Home equity 9,244 6,743 15,987 9,146 6,780 15,926 1,020,995 59,334 1,080,329 908,223 64,702 972,925 Commercial business 174,871 19,196 194,067 150,479 22,374 172,853 Consumer 1,294 1,259 2,553 117 1,618 1,735 Total loans 1,197,160 79,789 1,276,949 1,058,819 88,694 1,147,513 Allowance for loan losses (16,039 ) (61 ) (16,100 ) (14,128 ) (41 ) (14,169 ) Deferred loan origination fees, net (3,909 ) - (3,909 ) (3,605 ) - (3,605 ) Unamortized loan premiums 9 - 9 9 - 9 Loans receivable, net $ 1,177,221 $ 79,728 $ 1,256,949 $ 1,041,095 $ 88,653 $ 1,129,748 Lending activities are conducted principally in the Fairfield and New Haven county regions of Connecticut, and consist of residential and commercial real estate loans, commercial business loans and a variety of consumer loans. Loans may also be granted for the construction of residential homes and commercial properties. All residential and commercial mortgage loans are typically collateralized by first or second mortgages on real estate. Certain acquired loans were determined to have evidence of credit deterioration at the acquisition date. Such loans are accounted for in accordance with ASC 310-30. The following table summarizes activity in the accretable yields for the acquired loan portfolio that falls under the purview of ASC 310-30: (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance at beginning of period $ 771 $ 1,225 $ 871 $ 1,382 Acquisition - - - - Accretion (38 ) (21 ) (87 ) (116 ) Other (a) - (70 ) (51 ) (132 ) Balance at end of period $ 733 $ 1,134 $ 733 $ 1,134 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, in most cases, extends credit of up to 80% of the market value of the collateral, depending on the borrowers’ creditworthiness and the type of collateral. The market value of collateral 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 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 be up to 90-95% 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, 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 which is defined as the level at which the Company 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 six months ended June 30, 2016 and 2015, by portfolio segment: Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Three Months Ended June 30, 2016 Originated Beginning balance $ 1,503 $ 8,434 $ 1,583 $ 178 $ 3,086 $ 3 $ 14,787 Charge-offs - - - - - (8 ) (8 ) Recoveries - - - - - 1 1 Provisions (19 ) 191 337 1 706 43 1,259 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 13 $ - $ - $ 6 $ 4 $ 23 Charge-offs - - - - - (4 ) (4 ) Recoveries - - - - - - - Provisions - 10 - 11 18 3 42 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,503 $ 8,447 $ 1,583 $ 178 $ 3,092 $ 7 $ 14,810 Charge-offs - - - - - (12 ) (12 ) Recoveries - - - - - 1 1 Provisions (19 ) 201 337 12 724 46 1,301 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Three Months Ended June 30, 2015 Originated Beginning balance $ 1,406 $ 6,067 $ 1,220 $ 203 $ 2,682 $ 3 $ 11,581 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions 48 765 (82 ) (34 ) (64 ) 6 639 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,618 $ 9 $ 12,220 Acquired Beginning balance $ - $ - $ - $ - $ 12 $ 3 $ 15 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 1 1 Provisions - - - - 13 2 15 Ending balance $ - $ - $ - $ - $ 10 $ - $ 10 Total Beginning balance $ 1,406 $ 6,067 $ 1,220 $ 203 $ 2,694 $ 6 $ 11,596 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 1 1 Provisions 48 765 (82 ) (34 ) (51 ) 8 654 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,628 $ 9 $ 12,230 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Six Months Ended June 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - - (9 ) (9 ) Recoveries - - - - - 6 6 Provisions 40 932 416 5 482 39 1,914 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - - (6 ) (13 ) Recoveries - - - - - - - Provisions - 11 7 11 - 4 33 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - - (15 ) (22 ) Recoveries - - - - - 6 6 Provisions 40 943 423 16 482 43 1,947 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Six Months Ended June 30, 2015 Originated Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions 23 1,352 36 (36 ) (20 ) 5 1,360 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,618 $ 9 $ 12,220 Acquired Beginning balance $ - $ - $ - $ - $ - $ - $ - Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 4 4 Provisions - - - - 25 2 27 Ending balance $ - $ - $ - $ - $ 10 $ - $ 10 Total Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 4 4 Provisions 23 1,352 36 (36 ) 5 7 1,387 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,628 $ 9 $ 12,230 With respect to the originated portfolio, the allocation to each portfolio segment is not necessarily indicative of future losses in any particular portfolio segment and does not restrict the use of the allowance to absorb losses in other portfolio segments. The following tables are a summary, by portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio balances at June 30, 2016 and December 31, 2015: Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) June 30, 2016 Loans individually evaluated for impairment: Residential real estate $ 969 $ - $ - $ - $ 969 $ - Commercial real estate 3,220 - 580 7 3,800 7 Home equity 267 - 456 11 723 11 Commercial business 802 66 1,426 24 2,228 90 Consumer - - 3 3 3 3 Subtotal 5,258 66 2,465 45 7,723 111 Loans collectively evaluated for impairment: Residential real estate 177,246 1,484 2,820 - 180,066 1,484 Commercial real estate 732,493 8,625 48,749 16 781,242 8,641 Construction 97,823 1,920 442 - 98,265 1,920 Home equity 8,977 179 6,287 - 15,264 179 Commercial business 174,069 3,726 17,770 - 191,839 3,726 Consumer 1,294 39 1,256 - 2,550 39 Subtotal 1,191,902 15,973 77,324 16 1,269,226 15,989 Total $ 1,197,160 $ 16,039 $ 79,789 $ 61 $ 1,276,949 $ 16,100 Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) December 31, 2015 Loans individually evaluated for impairment: Residential real estate $ 1,833 $ 2 $ - $ - $ 1,833 $ 2 Commercial real estate 4,291 - 762 12 5,053 12 Home equity 422 - 197 - 619 - Commercial business 1,977 71 1,433 21 3,410 92 Consumer - - 7 5 7 5 Subtotal 8,523 73 2,399 38 10,922 111 Loans collectively evaluated for impairment: Residential real estate 172,478 1,442 2,873 - 175,351 1,442 Commercial real estate 639,233 7,692 53,256 - 692,489 7,692 Construction 81,242 1,504 1,031 - 82,273 1,504 Home equity 8,724 174 6,583 - 15,307 174 Commercial business 148,502 3,239 20,941 3 169,443 3,242 Consumer 117 4 1,611 - 1,728 4 Subtotal 1,050,296 14,055 86,295 3 1,136,591 14,058 Total $ 1,058,819 $ 14,128 $ 88,694 $ 41 $ 1,147,513 $ 14,169 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 determined. The following tables are a summary of the loan portfolio quality indicators by portfolio segment at June 30, 2016 and December 31, 2015: Commercial Credit Quality Indicators At June 30, 2016 At December 31, 2015 Commercial Commercial Commercial Commercial Real Estate Construction Business Real Estate Construction Business (In thousands) Originated loans: Pass $ 729,534 $ 97,823 $ 172,284 $ 638,709 $ 81,242 $ 148,748 Special mention 2,959 - 1,873 1,595 - 1,118 Substandard 3,220 - 593 3,220 - 549 Doubtful - - - - - - Loss - - 121 - - 64 Total originated loans 735,713 97,823 174,871 643,524 81,242 150,479 Acquired loans: Pass 46,854 442 18,046 52,427 230 20,794 Special mention 1,297 - 180 - - 598 Substandard 1,178 - 970 1,591 801 982 Doubtful - - - - - - Loss - - - - - - Total acquired loans 49,329 442 19,196 54,018 1,031 22,374 Total $ 785,042 $ 98,265 $ 194,067 $ 697,542 $ 82,273 $ 172,853 Residential and Consumer Credit Quality Indicators At June 30, 2016 At December 31, 2015 Residential Residential Real Estate Home Equity Consumer Real Estate Home Equity Consumer (In thousands) Originated loans: Pass $ 177,246 $ 8,977 $ 1,294 $ 172,478 $ 8,725 $ 117 Special mention - 75 - 864 80 - Substandard 969 192 - 969 341 - Doubtful - - - - - - Loss - - - - - - Total originated loans 178,215 9,244 1,294 174,311 9,146 117 Acquired loans: Pass 2,820 6,287 1,188 2,873 6,545 1,539 Special mention - - - - - - Substandard - 456 71 - 235 79 Doubtful - - - - - - Loss - - - - - - Total acquired loans 2,820 6,743 1,259 2,873 6,780 1,618 Total $ 181,035 $ 15,987 $ 2,553 $ 177,184 $ 15,926 $ 1,735 Loan portfolio aging analysis When a loan is 15 days past due, the Company sends the borrower a late notice. The Company also contacts the borrower by phone if the delinquency is not corrected promptly after the notice has been sent. When the loan is 30 days past due, the Company mails the borrower a letter reminding the borrower of the delinquency, and attempts to contact the borrower personally to determine the reason for the delinquency and ensure the borrower understands the terms of the loan. If necessary, subsequent delinquency notices are issued and the account will be monitored on a regular basis thereafter. By the 90th day of delinquency, the Company will send the borrower a final demand for payment and may recommend foreclosure. A summary report of all loans 30 days or more past due is provided to the board of directors of the Company each month. Loans greater than 90 days past due are generally put on nonaccrual status. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. A loan is considered to be no longer delinquent when timely payments are made for a period of at least six months (one year for loans providing for quarterly or semi-annual payments) by the borrower in accordance with the contractual terms. The following tables set forth certain information with respect to our loan portfolio delinquencies by portfolio segment and amount as of June 30, 2016 and December 31, 2015: As of June 30, 2016 Carrying Amount > Greater 90 Days 31-60 Days 61-90 Days Than 90 Total Past and Past Due Past Due Days Due Current Accruing (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 177,246 $ - Commercial real estate - - - - 735,713 - Construction - - - - 97,823 - Home equity - - - - 9,244 - Commercial business - - 121 121 174,750 - Consumer - - - - 1,294 - Total originated loans - - 1,090 1,090 1,196,070 - Acquired Loans Real estate loans: Residential real estate - - - - 2,820 - Commercial real estate 398 - 580 978 48,351 - Construction - - - - 442 - Home equity - - 456 456 6,287 - Commercial business 450 - 171 621 18,575 105 Consumer 14 - - 14 1,245 - Total acquired loans 862 - 1,207 2,069 77,720 105 Total loans $ 862 $ - $ 2,297 $ 3,159 $ 1,273,790 $ 105 As of December 31, 2015 Carrying Amount > Greater 90 Days 31-60 Days 61-90 Days Than 90 Total Past and Past Due Past Due Days Due Current Accruing (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 173,342 $ - Commercial real estate - 311 - 311 643,213 - Construction - - - - 81,242 - Home equity 198 - - 198 8,948 - Commercial business 1,078 100 343 1,521 148,958 - Consumer - - - - 117 - Total originated loans 1,276 411 1,312 2,999 1,055,820 - Acquired Loans Real estate loans: Residential real estate - - - - 2,873 - Commercial real estate 333 - 762 1,095 52,923 218 Construction - - 801 801 230 801 Home equity 100 162 191 453 6,327 - Commercial business 262 71 101 434 21,940 86 Consumer 17 - - 17 1,601 - Total acquired loans 712 233 1,855 2,800 85,894 1,105 Total loans $ 1,988 $ 644 $ 3,167 $ 5,799 $ 1,141,714 $ 1,105 Loans on nonaccrual status The following is a summary of nonaccrual loans by portfolio segment as of June 30, 2016 and December 31, 2015: June 30, December 31, 2016 2015 (In thousands) Residential real estate $ 969 $ 970 Commercial real estate 1,114 1,264 Home equity 648 395 Commercial business 878 1,160 Consumer - 2 Total $ 3,609 $ 3,791 The amount of income that was contractually due but not recognized on originated nonaccrual loans totaled $13 thousand and $37 thousand, respectively for the three months ended June 30, 2016, and 2015. The amount of income that was contractually due but not recognized on originated nonaccrual loans totaled $25 thousand and $72 thousand, respectively for the six months ended June 30, 2016, and 2015. There was no and $1 thousand actual interest income recognized on these loans for the six months ended June 30, 2016, and 2015, respectively. At June 30, 2016 and December 31, 2015, there were $169 thousand of commitments to lend additional funds to any borrower on nonaccrual status. The preceding table excludes acquired loans that are accounted for as purchased credit impaired loans totaling $0.1 million and $1.1 million, respectively at June 30, 2016 and December 31, 2015. Such loans otherwise meet the Company’s definition of a nonperforming loan but are excluded because the loans are included in loan pools that are considered performing. The discounts arising from recording these loans at fair value were due, in part, to credit quality. The acquired loans are accounted for on either a pool or individual basis and the accretable yield is being recognized as interest income over the life of the loans based on expected cash flows. Impaired loans An impaired loan generally is one for which it is probable, based on current information, the Company will not collect all the amounts due under the contractual terms of the loan. Loans are individually evaluated for impairment. When the Company classifies a problem loan as impaired, it provides a specific valuation allowance for that portion of the asset that is deemed uncollectible. The following table summarizes impaired loans by portfolio segment as of June 30, 2016 and December 31, 2015: Carrying Amount Unpaid Principal Balance Associated Allowance June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 969 $ 969 $ 969 $ - $ - Commercial real estate 3,220 4,291 3,220 4,291 - - Home equity 267 422 274 424 - - Commercial business 263 1,351 272 1,372 - - Total impaired loans without a valuation allowance 4,719 7,033 4,735 7,056 - - Impaired loans with a valuation allowance: Residential real estate - 864 - 864 - 2 Commercial business 539 626 539 690 66 71 Total impaired loans with a valuation allowance 539 1,490 539 1,554 66 73 Total originated impaired loans $ 5,258 $ 8,523 $ 5,274 $ 8,610 $ 66 $ 73 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 436 $ 611 $ 534 $ 678 $ - $ - Home equity 294 197 300 200 - - Commercial business 712 963 715 963 - - Total impaired loans without a valuation allowance 1,442 1,771 1,549 1,841 - - Impaired loans with a valuation allowance: Commercial Real Estate 144 151 144 151 7 12 Home equity 162 - 162 - 11 - Commercial business 714 470 728 480 24 21 Consumer 3 7 3 7 3 5 Total impaired loans with a valuation allowance 1,023 628 1,037 638 45 38 Total acquired impaired loans $ 2,465 $ 2,399 $ 2,586 $ 2,479 $ 45 $ 38 The following table summarizes the average recorded investment balance of impaired loans and interest income recognized on impaired loans by portfolio segment as of June 30, 2016 and December 31, 2015: Average Recorded Investment Interest Income Recognized June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 973 $ - $ 27 Commercial real estate 3,220 4,308 26 124 Home equity 273 429 1 10 Commercial business 259 1,374 21 49 Total impaired loans without a valuation allowance 4,721 7,084 48 210 Impaired loans with a valuation allowance: Residential real estate - 864 - 28 Commercial business 525 673 12 34 Total impaired loans with a valuation allowance 525 1,537 12 62 Total originated impaired loans $ 5,246 $ 8,621 $ 60 $ 272 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 450 $ 602 $ - $ 6 Home equity 296 198 1 2 Commercial business 728 999 17 54 Total impaired loans without a valuation allowance 1,474 1,799 18 62 Impaired loans with a valuation allowance: Commercial real estate 144 151 - 3 Home equity 162 - 2 - Commercial business 743 506 18 14 Consumer 3 7 - 1 Total impaired loans with a valuation allowance 1,052 664 20 18 Total acquired impaired loans $ 2,526 $ 2,463 $ 38 $ 80 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. Troubled debt restructured loans are reported as such for at least one year from the date of restructuring. In years after the restructuring, troubled debt restructured loans are removed from this classification if the restructuring agreement specifies a market rate of interest equal to that which would be provided to a borrower with similar credit at the time of restructuring and the loan is not deemed to be impaired based on the modified terms. The recorded investment in TDRs was $4.7 million at June 30, 2016 and $7.3 million at December 31, 2015. 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) 2016 2015 2016 2015 2016 2015 Three Months Ended June 30, Commercial real estate - 1 $ - $ 825 $ - $ 825 Commercial business 2 - 259 - 259 - Total 2 1 $ 259 $ 825 $ 259 $ 825 Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2016 2015 2016 2015 2016 2015 Six Months Ended June 30, Commercial real estate - 3 $ - $ 4,045 $ - $ 4,045 Commercial business 2 1 259 49 259 49 Total 2 4 $ 259 $ 4,094 $ 259 $ 4,094 All TDRs at June 30, 2016 and December 31, 2015 were performing in compliance with their modified terms, except for three non-accrual loans totaling $1.1 million at June 30, 2016 and two non-accrual loans totaling $1.1 million at December 31, 2015. The following table provides information on how loans were modified as a TDR during the three and six months ended June 30, 2016 and 2015. Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) (In thousands) Maturity/amortization concession $ - $ 825 $ - $ 874 Maturity concession 259 - 259 - Maturity and payment concession - - - 3,220 Total $ 259 $ 825 $ 259 $ 4,094 There were no loans modified in a troubled debt restructuring, for which there was a payment default during the three and six months ended June 30, 2016 and 2015, respectively.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2016
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 on May 15, 2014, 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. Preferred stock In 2011, the Company elected to participate in the Treasury’s Small Business Lending Fund Program (“SBLF”). The Company sold 10,980 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series C, no par (the “Series C Preferred Stock”), having a liquidation preference of $1,000 per preferred share, to the Treasury. The transaction resulted in net capital proceeds to the Company of $5.9 million, of which at least 90% was invested in the Bank as Tier 1 Capital. The Series C Preferred stock paid noncumulative dividends. The Company paid dividends at a rate of 1.0% since issuance. On November 20, 2015 the Company redeemed the $10.98 million (10,980 shares) of preferred stock. The shares were redeemed at their liquidation value of $1,000 per share plus accrued dividends through November 20, 2015. The redemption was approved by the Company’s primary federal regulator and was funded with the Company’s surplus capital. With this redemption, the Company has redeemed all of its outstanding SBLF stock. Warrants BNC’s October 26, 2006 Stock Offering and the July 10, 2007 Private Placement (the “Offerings”) called for the issuance of Units. Each Unit issued pursuant to the Offerings represented one share of common stock and one nontransferable warrant. The warrants were exercisable at any time from and including October 1, 2009 and prior to or on November 30, 2009, unless extended or accelerated by the board of directors in their discretion. The board of directors extended the exercise period to October 5, 2015 through December 5, 2015. Each warrant allowed a holder to purchase .3221 shares of common stock at an exercise price of $14.00 per share. 945,789 Warrants were available to purchase up to 304,639 shares of common stock at $14.00 per share for a maximum offering of $4,264,946. As a result of the offering, 838,369 warrants were exercised for 269,992 shares of common stock for total gross proceeds of $3,779,888. There are no longer any outstanding warrants following the close of this offering. 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. None of the warrants have been exercised as of June 30, 2016. 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. On January 27, 2016 The Company’s Board of Directors declared a $0.05 per share cash dividend, payable February 22, 2016 to shareholders of record on February 12, 2016. On April 27, 2016 the Company’s Board of Directors declared a $0.05 per share cash dividend, payable May 26, 2016 to shareholders of record on May 16, 2016. The Company did not repurchase any of its common stock during 2016 or 2015.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2016
Comprehensive Income [Abstract]
COMPREHENSIVE INCOME	5. Comprehensive Income Comprehensive income represents the sum of net income and items of other comprehensive income or loss, including net unrealized gains or losses on securities available for sale and net unrealized gains or losses on derivatives accounted for as cash flow hedges. The Company’s total comprehensive income or loss for the three and six months ended June 30, 2016 and 2015 is reported in the Consolidated Statements of Comprehensive Income. The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax for the three and six months ended June 30, 2016 and 2015: Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2016 $ 1,071 $ (1,093 ) $ (22 ) Other comprehensive income (loss) before reclassifications 248 (418 ) (170 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 156 (418 ) (262 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2015 $ 843 $ (460 ) $ 383 Other comprehensive (loss) income before reclassifications (475 ) 205 (270 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income (475 ) 205 (270 ) Balance at June 30, 2015 $ 368 $ (255 ) $ 113 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 914 (1,333 ) (419 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 822 (1,333 ) (511 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at December 31, 2014 $ 644 $ (113 ) $ 531 Other comprehensive loss before reclassifications (276 ) (142 ) (418 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive loss (276 ) (142 ) (418 ) Balance at June 30, 2015 $ 368 $ (255 ) $ 113

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	6. Earnings Per Share Basic earnings per share (“EPS”) is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock (such as stock options) were exercised or converted into common stock or resulted in the issuance of common stock that then shared in earnings. Restricted stock awards include the right to receive non forfeitable dividends, and are therefore, considered to participate with common stock in undistributed earnings for purposes of computing EPS. The Company’s unvested restricted stock awards are participating securities, and therefore, are included in the computation of both basic and diluted earnings per common share. EPS is calculated using the two class method, under which calculations (1) exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities and (2) exclude from the denominator the dilutive impact of the participating securities. The following is a reconciliation of earnings available to common shareholders and basic weighted average common shares outstanding to diluted weighted average common shares outstanding, reflecting the application of the two-class method: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands, except per share data) (In thousands, except per share data) Net income $ 2,896 $ 2,286 $ 5,887 $ 4,159 Preferred stock dividends - (27 ) - (55 ) Dividends to participating securities (6 ) - (11 ) - Undistributed earnings allocated to participating securities (49 ) (62 ) (99 ) (108 ) Net income for earnings per share calculation $ 2,841 $ 2,197 $ 5,777 $ 3,996 Weighted average shares outstanding, basic 7,388 7,042 7,384 7,035 Effect of dilutive equity-based awards 80 15 62 21 Weighted average shares outstanding, diluted 7,468 7,057 7,446 7,056 Net earnings per common share: Basic earnings per common share $ 0.38 $ 0.31 $ 0.78 $ 0.57 Diluted earnings per common share 0.38 0.31 0.78 0.57

REGULATORY MATTERS

REGULATORY MATTERS	6 Months Ended
	Jun. 30, 2016
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 capital rules set forth by the Federal Reserve, the FDIC and the other federal and state bank regulatory agencies. The new 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 new 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 common equity Tier 1 capital to risk-weighted assets in addition to the amount necessary to meet its minimum risk-based capital requirements. The “capital conservation buffer” is being phased in from January 1, 2016 to January 1, 2019, when the full capital conservation buffer will be effective. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Management believes, as of June 30, 2016, the Bank and Company meet all capital adequacy requirements to which they are subject and satisfies the criteria for a “well capitalized” institution. There are no conditions or events since then that management believes have changed this conclusion. The capital amounts and ratios for the Bank and the Company at June 30, 2016 and December 31, 2015 were as follows: To be Well Capitalized Under For Capital Prompt Corrective Actual Capital Adequacy Purposes Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Bankwell Bank June 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 150,291 11.76 % $ 57,488 4.50 % $ 83,039 6.50 % Total Capital to Risk-Weighted Assets 166,261 13.01 % 102,201 8.00 % 127,752 10.00 % Tier I Capital to Risk-Weighted Assets 150,291 11.76 % 76,651 6.00 % 102,201 8.00 % Tier I Capital to Average Assets 150,291 10.59 % 56,756 4.00 % 70,945 5.00 % Bankwell Financial Group, Inc. June 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 134,627 10.50 % $ 57,691 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 175,678 13.70 % 102,561 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 134,627 10.50 % 76,921 6.00 % N/A N/A Tier I Capital to Average Assets 134,627 9.29 % 57,969 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, 2015 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 142,651 12.18 % $ 52,709 4.50 % $ 76,135 6.50 % Total Capital to Risk-Weighted Assets 156,820 13.39 % 93,705 8.00 % 117,131 10.00 % Tier I Capital to Risk-Weighted Assets 142,651 12.18 % 70,279 6.00 % 93,705 8.00 % Tier I Capital to Average Assets 142,651 10.84 % 52,620 4.00 % 65,775 5.00 % Bankwell Financial Group, Inc. December 31, 2015 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 128,692 10.92 % $ 53,052 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 167,867 14.24 % 94,315 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 128,692 10.92 % 70,736 6.00 % N/A N/A Tier I Capital to Average Assets 128,692 9.75 % 52,819 4.00 % N/A N/A Restrictions on dividends The ability of the Company to pay dividends depends, in part, on the ability of the Bank to pay dividends to the Company. In accordance with Connecticut statutes, regulatory approval is required to pay dividends in excess of the Bank’s profits retained in the current year plus retained profits from the previous two years. The Bank is also prohibited from paying dividends that would reduce its capital ratios below minimum regulatory requirements.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
STOCK-BASED COMPENSATION	8. Stock-Based Compensation Equity award plans The Company has five equity award plans, which are collectively referred to as the “Plan.” The current plan under which any future issuances of equity awards will be made is the 2012 BNC Financial Group, Inc. Stock Plan, or the “2012 Plan,” amended on June 26, 2013. All equity awards made under the 2012 Plan are made by means of an award agreement, which contains the specific terms and conditions of the grant. To date, all equity awards have been in the form of share options or restricted stock. At June 30, 2016, there were 485,837 shares reserved for future issuance under the 2012 Plan. Stock Options: There were no options granted during the six months ended June 30, 2016. A summary of the status of outstanding share options as of and for the six months ended June 30, 2016 is presented below: Six Months Ended June 30, 2016 Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 195,928 $ 18.07 Exercised (14,500 ) 15.48 Forfeited - - Expired (900 ) 16.00 Options outstanding at end of period 180,528 18.29 Options exercisable at end of period 179,078 18.31 Intrinsic value is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date. The total intrinsic value of share options exercised during the six months ended June 30, 2016 was $60 thousand. Restricted Stock: The following table presents the activity for restricted stock for the six months ended June 30, 2016: Six Months Ended June 30, 2016 Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 143,323 $ 15.92 Granted 14,300 21.60 Vested (4,900 ) 14.80 Forfeited (633 ) 20.27 Unvested at end of period 152,090 18.05 The Company’s restricted stock expense for the six months ended June 30, 2016 and 2015 was $500 thousand and $515 thousand, respectively. Market Conditions Restricted Stock: ASC 718 – Stock Compensation 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 to vest 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 may 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

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	9. Derivative Instruments Information about derivative instruments at June 30, 2016 and December 31, 2015 is as follows: June 30, 2016: Fair Value (Dollars in thousands) Notional Original Asset Amount Maturity Received Paid (Liability) Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 0.65 % 1.62 % $ (542 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.65 % 1.83 % (869 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.65 % 1.48 % (604 ) Interest rate swap on forward-starting FHLB advance $ 25,000 5.0 years 0.65 % 1.22 % (312 ) $ (2,327 ) December 31, 2015: Fair Value (Dollars in thousands) Notional Original Asset Amount Maturity Received Paid (Liability) Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 0.61 % 1.62 % $ (181 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.61 % 1.83 % (276 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.61 % 1.48 % 181 $ (276 ) 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 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: Effective Date of Notional Hedged Duration of (Dollars in thousands) Amount Borrowing Borrowing Counterparty Type of borrowing: FHLB 90-day advance $ 25,000 April 1, 2014 4.7 years Bank of Montreal FHLB 90-day advance $ 25,000 January 2, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 August 26, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 July 1, 2016 5.0 years Bank of Montreal This hedge strategy converts the floating rate of interest on certain FHLB advances to fixed interest rates, thereby protecting the Bank from floating interest rate variability. Changes in the consolidated statements of comprehensive income related to interest rate derivatives designated as hedges of cash flows were as follows for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2016 2015 2016 2015 Interest rate swap on FHLB advance: Unrealized (loss) gain recognized in accumulated other comprehensive income $ (643 ) $ 336 $ (2,051 ) $ (232 ) Income tax benefit (expense) on items recognized in accumulated other comprehensive income 225 (131 ) 718 90 Other comprehensive (loss) income $ (418 ) $ 205 $ (1,333 ) $ (142 ) Interest expense recognized on hedged FHLB advance $ 308 $ 215 $ 615 $ 431

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	10. Fair Value Of Financial Instruments GAAP requires disclosure of fair value information about financial instruments, whether or not recognized in the statement of condition, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rates and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparisons to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at either June 30, 2016 or December 31, 2015. The estimated fair value amounts have been measured as of the respective period-ends, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. The carrying values, fair values and placement in the fair value hierarchy of the Company’s financial instruments at June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 92,745 $ 92,745 $ 92,745 $ - $ - Federal funds sold 1,932 1,932 1,932 - - Available for sale securities 83,837 83,837 - 83,837 - Held to maturity securities 16,959 16,968 - 16,968 - Loans receivable, net 1,256,949 1,266,199 - - 1,266,199 Accrued interest receivable 4,708 4,708 - - 4,708 FHLB stock 7,393 7,393 - - 7,393 Financial Liabilities: Demand deposits $ 178,917 $ 178,917 $ - $ - $ 178,917 NOW and money market 392,559 392,559 - - 392,559 Savings 65,444 65,444 - - 65,444 Time deposits 543,671 545,819 - - 545,819 Advances from the FHLB 165,000 165,433 - - 165,433 Subordinated debentures 25,025 25,091 - - 25,091 Derivative liability 2,327 2,327 - 2,327 - December 31, 2015 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 49,562 $ 49,562 $ 49,562 $ - $ - Federal funds sold 39,035 39,035 39,035 - - Available for sale securities 40,581 40,581 - 40,581 - Held to maturity securities 10,226 10,228 - 10,228 - Loans receivable, net 1,129,748 1,135,227 - - 1,135,227 Accrued interest receivable 4,071 4,071 - - 4,071 FHLB stock 6,554 6,554 - - 6,554 Financial Liabilities: Demand deposits $ 164,553 $ 164,553 $ - $ - $ 164,553 NOW and money market 347,846 347,846 - - 347,846 Savings 97,846 97,846 - - 97,846 Time deposits 436,697 438,214 - - 438,214 Advances from the FHLB 120,000 120,025 - - 120,025 Subordinated debentures 25,000 24,505 - - 24,505 Derivative liability 276 276 - 276 - 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 and accrued interest receivable: Investment securities: FHLB stock: Loans receivable Derivative asset (liability): Deposits: Borrowings and Subordinated Debentures:

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	11. Fair Value Measurements The Company is required to account for certain assets and liabilities at fair value on a recurring or non-recurring basis. As discussed in Note 1, the Company determines fair value in accordance with GAAP, which defines fair value and establishes a framework for measuring fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. GAAP establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair values: Level 1 — Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 — Significant other observable inputs other than Level 1 prices such as quoted prices for similar as s Level 3 — Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Valuation techniques based on unobservable inputs are highly subjective and require judgments regarding significant matters such as the amount and timing of future cash flows and the selection of discount rates that may appropriately reflect market and credit risks. Changes in these judgments often have a material impact on the fair value estimates. In addition, since these estimates are as of a specific point in time they are susceptible to material near-term changes. Financial instruments measured at fair value on a recurring basis The following tables detail the financial instruments carried at fair value on a recurring basis at June 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value. The Company had no transfers into or out of Levels 1, 2 or 3 during the six months ended June 30, 2016 and the year ended December 31, 2015. Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2016: Available for sale investment securities: U.S. Government and agency obligations $ - $ 55,060 $ - State agency, U.S. territories and municipal obligations - 17,175 - Corporate bonds - 11,601 - Mortgage backed securities - 1 - Derivative liability - (2,327 ) - December 31, 2015: Available for sale investment securities: U.S. Government and agency obligations $ - $ 7,143 $ - State agency, U.S. territories and municipal obligations - 17,504 - Corporate bonds - 11,437 - Mortgage backed securities - 4,497 - Derivative liability - (276 ) - Available for sale investment securities Derivative liabilities: Financial instruments measured at fair value on a nonrecurring basis Certain assets are measured at fair value on a non-recurring basis in accordance with GAAP. These include assets that are measured at the-lower-of-cost-or-market that were recognized at fair value below cost at the end of the period as well as assets that are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The following table details the financial instruments carried at fair value on a nonrecurring basis at June 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2016: Impaired loans $ - $ - $ 7,723 Foreclosed real estate - - 492 December 31, 2015: Impaired loans $ - $ - $ 10,922 Foreclosed real estate - - 1,248 The following table presents information about quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on a nonrecurring basis at June 30, 2016 and December 31, 2015: Valuation (Dollars in thousands) Fair Value Methodology Unobservable Input Range June 30, 2016: Impaired loans $ 7,723 Appraisals Discount for dated appraisals 8.00% to 18.00% Discounted cash flows Discount rate 4.25% to 7.25% Foreclosed real estate $ 492 Appraisals Discount for dated appraisals 20.00% December 31, 2015: Impaired loans $ 10,922 Appraisals Discount for dated appraisals 8.00% to 10.00% Discounted cash flows Discount rate 3.25% to 7.00% Foreclosed real estate $ 1,248 Appraisals Discount for dated appraisals 10.0% to 25.0% Impaired loans: Foreclosed real estate:

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	6 Months Ended
	Jun. 30, 2016
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. The Company will use the net proceeds from the sales of the Notes for general corporate purposes. The Notes were assigned an investment grade rating of BBB by Kroll Bond Rating Agency.

NATURE OF OPERATIONS AND SUMM21

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
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 and derivative instrument 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, 2016. 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, 2015.
Significant concentrations of credit risk	Significant concentrations of credit risk Most of the Company’s activities are with customers located within Fairfield and New Haven Counties and the surrounding region of 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 2016 financial statement presentation. These reclassifications only changed the reporting categories and did not affect the consolidated results of operat i
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. 2014-12, Compensation – Stock Compensation (Topic 718): “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force).” ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-20): “Simplifying the Presentation of Debt Issuance Costs.” ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): “Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-02, Leases (Topic 842). ASU 2016-09, Compensation – Stock Compensation (Topic 718): “Improvements to Employee Share-Based Payment Accounting.” ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): “Measurement of Credit Losses on Financial Instruments

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities	June 30, 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 $ 54,099 $ 828 $ - $ 54,927 Due from five through ten years 31 2 - 33 Due after ten years 100 - - 100 54,230 830 - 55,060 State agency, U.S. Territories and municipal obligations Due from one through five years 825 49 - 874 Due from five through ten years 10,320 556 (300 ) 10,576 Due after ten years 5,359 366 - 5,725 16,504 971 (300 ) 17,175 Corporate bonds Due in less than one year 1,004 9 - 1,013 Due from one through five years 9,196 336 - 9,532 Due from five through ten years 1,011 45 - 1,056 11,211 390 - 11,601 Government-sponsored mortgage backed securities No contractual maturity 1 - - 1 Total available for sale securities $ 81,946 $ 2,191 $ (300 ) $ 83,837 Held to maturity securities: State agency, U.S. Territories and municipal obligations Due from one through five years $ 2,135 $ - $ - $ 2,135 Due after ten years 13,652 - - 13,652 15,787 - - 15,787 Corporate bonds Due from one through five years 1,000 - (8 ) 992 Government-sponsored mortgage backed securities No contractual maturity 172 17 - 189 Total held to maturity securities $ 16,959 $ 17 $ (8 ) $ 16,968 December 31, 2015 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 $ 6,198 $ - $ (77 ) $ 6,121 Due from five through ten years 394 4 (2 ) 396 Due after ten years 647 - (21 ) 626 7,239 4 (100 ) 7,143 State agency, U.S. Territories and municipal obligations Due from one through five years 520 39 - 559 Due from five through ten years 9,762 361 (322 ) 9,801 Due after ten years 6,778 367 (1 ) 7,144 17,060 767 (323 ) 17,504 Corporate bonds Due in less than one year 1,010 22 - 1,032 Due from one through five years 9,233 156 (9 ) 9,380 Due from five through ten years 1,013 12 - 1,025 11,256 190 (9 ) 11,437 Government-sponsored mortgage backed securities No contractual maturity 4,400 107 (10 ) 4,497 4,400 107 (10 ) 4,497 Total available for sale securities $ 39,955 $ 1,068 $ (442 ) $ 40,581 Held to maturity securities: State agency, U.S. Territories and municipal obligations Due after ten years $ 9,026 $ - $ - $ 9,026 Corporate bonds Due from one through five years 1,000 - (19 ) 981 Government-sponsored mortgage backed securities No contractual maturity 200 21 - 221 Total held to maturity securities $ 10,226 $ 21 $ (19 ) $ 10,228
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 Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (In thousands) June 30, 2016 State agency, U.S. Territories and municipal obligations $ - $ - $ 695 $ (300 ) $ 695 $ (300 ) Corporate bonds 993 (8 ) - - 993 (8 ) Total investment securities $ 993 $ (8 ) $ 695 $ (300 ) $ 1,688 $ (308 ) December 31, 2015 U.S. Government and agency obligations $ 5,486 $ (60 ) $ 1,259 $ (40 ) $ 6,745 $ (100 ) State agency, U.S. Territories and municipal obligations 126 (1 ) 665 (322 ) 791 (323 ) Corporate bonds 1,970 (28 ) - - 1,970 (28 ) Government-sponsored mortgage backed securities 768 (4 ) 413 (6 ) 1,181 (10 ) Total investment securities $ 8,350 $ (93 ) $ 2,337 $ (368 ) $ 10,687 $ (461 )

LOANS RECEIVABLE AND ALLOWANC23

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of summary of the loan portfolio	June 30, 2016 December 31, 2015 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 178,215 $ 2,820 $ 181,035 $ 174,311 $ 2,873 $ 177,184 Commercial 735,713 49,329 785,042 643,524 54,018 697,542 Construction 97,823 442 98,265 81,242 1,031 82,273 Home equity 9,244 6,743 15,987 9,146 6,780 15,926 1,020,995 59,334 1,080,329 908,223 64,702 972,925 Commercial business 174,871 19,196 194,067 150,479 22,374 172,853 Consumer 1,294 1,259 2,553 117 1,618 1,735 Total loans 1,197,160 79,789 1,276,949 1,058,819 88,694 1,147,513 Allowance for loan losses (16,039 ) (61 ) (16,100 ) (14,128 ) (41 ) (14,169 ) Deferred loan origination fees, net (3,909 ) - (3,909 ) (3,605 ) - (3,605 ) Unamortized loan premiums 9 - 9 9 - 9 Loans receivable, net $ 1,177,221 $ 79,728 $ 1,256,949 $ 1,041,095 $ 88,653 $ 1,129,748
Schedule of activity in the accretable yields for the acquired loan portfolio	(In thousands) Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Balance at beginning of period $ 771 $ 1,225 $ 871 $ 1,382 Acquisition - - - - Accretion (38 ) (21 ) (87 ) (116 ) Other (a) - (70 ) (51 ) (132 ) Balance at end of period $ 733 $ 1,134 $ 733 $ 1,134 a) Represents changes in cash flows expected to be collected due to loan sales or payoffs.
Schedule of allowance for loan losses	Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Three Months Ended June 30, 2016 Originated Beginning balance $ 1,503 $ 8,434 $ 1,583 $ 178 $ 3,086 $ 3 $ 14,787 Charge-offs - - - - - (8 ) (8 ) Recoveries - - - - - 1 1 Provisions (19 ) 191 337 1 706 43 1,259 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 13 $ - $ - $ 6 $ 4 $ 23 Charge-offs - - - - - (4 ) (4 ) Recoveries - - - - - - - Provisions - 10 - 11 18 3 42 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,503 $ 8,447 $ 1,583 $ 178 $ 3,092 $ 7 $ 14,810 Charge-offs - - - - - (12 ) (12 ) Recoveries - - - - - 1 1 Provisions (19 ) 201 337 12 724 46 1,301 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Three Months Ended June 30, 2015 Originated Beginning balance $ 1,406 $ 6,067 $ 1,220 $ 203 $ 2,682 $ 3 $ 11,581 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions 48 765 (82 ) (34 ) (64 ) 6 639 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,618 $ 9 $ 12,220 Acquired Beginning balance $ - $ - $ - $ - $ 12 $ 3 $ 15 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 1 1 Provisions - - - - 13 2 15 Ending balance $ - $ - $ - $ - $ 10 $ - $ 10 Total Beginning balance $ 1,406 $ 6,067 $ 1,220 $ 203 $ 2,694 $ 6 $ 11,596 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 1 1 Provisions 48 765 (82 ) (34 ) (51 ) 8 654 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,628 $ 9 $ 12,230 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Six Months Ended June 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - - (9 ) (9 ) Recoveries - - - - - 6 6 Provisions 40 932 416 5 482 39 1,914 Ending balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - - (6 ) (13 ) Recoveries - - - - - - - Provisions - 11 7 11 - 4 33 Ending balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - - (15 ) (22 ) Recoveries - - - - - 6 6 Provisions 40 943 423 16 482 43 1,947 Ending balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Six Months Ended June 30, 2015 Originated Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions 23 1,352 36 (36 ) (20 ) 5 1,360 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,618 $ 9 $ 12,220 Acquired Beginning balance $ - $ - $ - $ - $ - $ - $ - Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 4 4 Provisions - - - - 25 2 27 Ending balance $ - $ - $ - $ - $ 10 $ - $ 10 Total Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 4 4 Provisions 23 1,352 36 (36 ) 5 7 1,387 Ending balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,628 $ 9 $ 12,230
Schedule of portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio	Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) June 30, 2016 Loans individually evaluated for impairment: Residential real estate $ 969 $ - $ - $ - $ 969 $ - Commercial real estate 3,220 - 580 7 3,800 7 Home equity 267 - 456 11 723 11 Commercial business 802 66 1,426 24 2,228 90 Consumer - - 3 3 3 3 Subtotal 5,258 66 2,465 45 7,723 111 Loans collectively evaluated for impairment: Residential real estate 177,246 1,484 2,820 - 180,066 1,484 Commercial real estate 732,493 8,625 48,749 16 781,242 8,641 Construction 97,823 1,920 442 - 98,265 1,920 Home equity 8,977 179 6,287 - 15,264 179 Commercial business 174,069 3,726 17,770 - 191,839 3,726 Consumer 1,294 39 1,256 - 2,550 39 Subtotal 1,191,902 15,973 77,324 16 1,269,226 15,989 Total $ 1,197,160 $ 16,039 $ 79,789 $ 61 $ 1,276,949 $ 16,100 Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) December 31, 2015 Loans individually evaluated for impairment: Residential real estate $ 1,833 $ 2 $ - $ - $ 1,833 $ 2 Commercial real estate 4,291 - 762 12 5,053 12 Home equity 422 - 197 - 619 - Commercial business 1,977 71 1,433 21 3,410 92 Consumer - - 7 5 7 5 Subtotal 8,523 73 2,399 38 10,922 111 Loans collectively evaluated for impairment: Residential real estate 172,478 1,442 2,873 - 175,351 1,442 Commercial real estate 639,233 7,692 53,256 - 692,489 7,692 Construction 81,242 1,504 1,031 - 82,273 1,504 Home equity 8,724 174 6,583 - 15,307 174 Commercial business 148,502 3,239 20,941 3 169,443 3,242 Consumer 117 4 1,611 - 1,728 4 Subtotal 1,050,296 14,055 86,295 3 1,136,591 14,058 Total $ 1,058,819 $ 14,128 $ 88,694 $ 41 $ 1,147,513 $ 14,169
Schedule of loan portfolio quality indicators by portfolio segment	Commercial Credit Quality Indicators At June 30, 2016 At December 31, 2015 Commercial Commercial Commercial Commercial Real Estate Construction Business Real Estate Construction Business (In thousands) Originated loans: Pass $ 729,534 $ 97,823 $ 172,284 $ 638,709 $ 81,242 $ 148,748 Special mention 2,959 - 1,873 1,595 - 1,118 Substandard 3,220 - 593 3,220 - 549 Doubtful - - - - - - Loss - - 121 - - 64 Total originated loans 735,713 97,823 174,871 643,524 81,242 150,479 Acquired loans: Pass 46,854 442 18,046 52,427 230 20,794 Special mention 1,297 - 180 - - 598 Substandard 1,178 - 970 1,591 801 982 Doubtful - - - - - - Loss - - - - - - Total acquired loans 49,329 442 19,196 54,018 1,031 22,374 Total $ 785,042 $ 98,265 $ 194,067 $ 697,542 $ 82,273 $ 172,853 Residential and Consumer Credit Quality Indicators At June 30, 2016 At December 31, 2015 Residential Residential Real Estate Home Equity Consumer Real Estate Home Equity Consumer (In thousands) Originated loans: Pass $ 177,246 $ 8,977 $ 1,294 $ 172,478 $ 8,725 $ 117 Special mention - 75 - 864 80 - Substandard 969 192 - 969 341 - Doubtful - - - - - - Loss - - - - - - Total originated loans 178,215 9,244 1,294 174,311 9,146 117 Acquired loans: Pass 2,820 6,287 1,188 2,873 6,545 1,539 Special mention - - - - - - Substandard - 456 71 - 235 79 Doubtful - - - - - - Loss - - - - - - Total acquired loans 2,820 6,743 1,259 2,873 6,780 1,618 Total $ 181,035 $ 15,987 $ 2,553 $ 177,184 $ 15,926 $ 1,735
Schedule of information with respect to our loan portfolio delinquencies by portfolio segment and amount	As of June 30, 2016 Carrying Amount > Greater 90 Days 31-60 Days 61-90 Days Than 90 Total Past and Past Due Past Due Days Due Current Accruing (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 177,246 $ - Commercial real estate - - - - 735,713 - Construction - - - - 97,823 - Home equity - - - - 9,244 - Commercial business - - 121 121 174,750 - Consumer - - - - 1,294 - Total originated loans - - 1,090 1,090 1,196,070 - Acquired Loans Real estate loans: Residential real estate - - - - 2,820 - Commercial real estate 398 - 580 978 48,351 - Construction - - - - 442 - Home equity - - 456 456 6,287 - Commercial business 450 - 171 621 18,575 105 Consumer 14 - - 14 1,245 - Total acquired loans 862 - 1,207 2,069 77,720 105 Total loans $ 862 $ - $ 2,297 $ 3,159 $ 1,273,790 $ 105 As of December 31, 2015 Carrying Amount > Greater 90 Days 31-60 Days 61-90 Days Than 90 Total Past and Past Due Past Due Days Due Current Accruing (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 173,342 $ - Commercial real estate - 311 - 311 643,213 - Construction - - - - 81,242 - Home equity 198 - - 198 8,948 - Commercial business 1,078 100 343 1,521 148,958 - Consumer - - - - 117 - Total originated loans 1,276 411 1,312 2,999 1,055,820 - Acquired Loans Real estate loans: Residential real estate - - - - 2,873 - Commercial real estate 333 - 762 1,095 52,923 218 Construction - - 801 801 230 801 Home equity 100 162 191 453 6,327 - Commercial business 262 71 101 434 21,940 86 Consumer 17 - - 17 1,601 - Total acquired loans 712 233 1,855 2,800 85,894 1,105 Total loans $ 1,988 $ 644 $ 3,167 $ 5,799 $ 1,141,714 $ 1,105
Schedule of nonaccrual loans by portfolio segment	June 30, December 31, 2016 2015 (In thousands) Residential real estate $ 969 $ 970 Commercial real estate 1,114 1,264 Home equity 648 395 Commercial business 878 1,160 Consumer - 2 Total $ 3,609 $ 3,791
Schedule of summarizes impaired loans	Carrying Amount Unpaid Principal Balance Associated Allowance June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 969 $ 969 $ 969 $ - $ - Commercial real estate 3,220 4,291 3,220 4,291 - - Home equity 267 422 274 424 - - Commercial business 263 1,351 272 1,372 - - Total impaired loans without a valuation allowance 4,719 7,033 4,735 7,056 - - Impaired loans with a valuation allowance: Residential real estate - 864 - 864 - 2 Commercial business 539 626 539 690 66 71 Total impaired loans with a valuation allowance 539 1,490 539 1,554 66 73 Total originated impaired loans $ 5,258 $ 8,523 $ 5,274 $ 8,610 $ 66 $ 73 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 436 $ 611 $ 534 $ 678 $ - $ - Home equity 294 197 300 200 - - Commercial business 712 963 715 963 - - Total impaired loans without a valuation allowance 1,442 1,771 1,549 1,841 - - Impaired loans with a valuation allowance: Commercial Real Estate 144 151 144 151 7 12 Home equity 162 - 162 - 11 - Commercial business 714 470 728 480 24 21 Consumer 3 7 3 7 3 5 Total impaired loans with a valuation allowance 1,023 628 1,037 638 45 38 Total acquired impaired loans $ 2,465 $ 2,399 $ 2,586 $ 2,479 $ 45 $ 38 Average Recorded Investment Interest Income Recognized June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 973 $ - $ 27 Commercial real estate 3,220 4,308 26 124 Home equity 273 429 1 10 Commercial business 259 1,374 21 49 Total impaired loans without a valuation allowance 4,721 7,084 48 210 Impaired loans with a valuation allowance: Residential real estate - 864 - 28 Commercial business 525 673 12 34 Total impaired loans with a valuation allowance 525 1,537 12 62 Total originated impaired loans $ 5,246 $ 8,621 $ 60 $ 272 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 450 $ 602 $ - $ 6 Home equity 296 198 1 2 Commercial business 728 999 17 54 Total impaired loans without a valuation allowance 1,474 1,799 18 62 Impaired loans with a valuation allowance: Commercial real estate 144 151 - 3 Home equity 162 - 2 - Commercial business 743 506 18 14 Consumer 3 7 - 1 Total impaired loans with a valuation allowance 1,052 664 20 18 Total acquired impaired loans $ 2,526 $ 2,463 $ 38 $ 80
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) 2016 2015 2016 2015 2016 2015 Three Months Ended June 30, Commercial real estate - 1 $ - $ 825 $ - $ 825 Commercial business 2 - 259 - 259 - Total 2 1 $ 259 $ 825 $ 259 $ 825 Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2016 2015 2016 2015 2016 2015 Six Months Ended June 30, Commercial real estate - 3 $ - $ 4,045 $ - $ 4,045 Commercial business 2 1 259 49 259 49 Total 2 4 $ 259 $ 4,094 $ 259 $ 4,094
Schedule of information on how loans were modified as a TDR	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) (In thousands) Maturity/amortization concession $ - $ 825 $ - $ 874 Maturity concession 259 - 259 - Maturity and payment concession - - - 3,220 Total $ 259 $ 825 $ 259 $ 4,094

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2016
Comprehensive Income [Abstract]
Schedule of changes in accumulated other comprehensive income (loss) by component	Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2016 $ 1,071 $ (1,093 ) $ (22 ) Other comprehensive income (loss) before reclassifications 248 (418 ) (170 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 156 (418 ) (262 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at March 31, 2015 $ 843 $ (460 ) $ 383 Other comprehensive (loss) income before reclassifications (475 ) 205 (270 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income (475 ) 205 (270 ) Balance at June 30, 2015 $ 368 $ (255 ) $ 113 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 914 (1,333 ) (419 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 822 (1,333 ) (511 ) Balance at June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at December 31, 2014 $ 644 $ (113 ) $ 531 Other comprehensive loss before reclassifications (276 ) (142 ) (418 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive loss (276 ) (142 ) (418 ) Balance at June 30, 2015 $ 368 $ (255 ) $ 113

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of reconciliation of earnings available to common stockholders and basic weighted-average common shares outstanding to diluted weighted average common shares outstanding	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands, except per share data) (In thousands, except per share data) Net income $ 2,896 $ 2,286 $ 5,887 $ 4,159 Preferred stock dividends - (27 ) - (55 ) Dividends to participating securities (6 ) - (11 ) - Undistributed earnings allocated to participating securities (49 ) (62 ) (99 ) (108 ) Net income for earnings per share calculation $ 2,841 $ 2,197 $ 5,777 $ 3,996 Weighted average shares outstanding, basic 7,388 7,042 7,384 7,035 Effect of dilutive equity-based awards 80 15 62 21 Weighted average shares outstanding, diluted 7,468 7,057 7,446 7,056 Net earnings per common share: Basic earnings per common share $ 0.38 $ 0.31 $ 0.78 $ 0.57 Diluted earnings per common share 0.38 0.31 0.78 0.57

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Schedule of capital amounts and ratios	To be Well Capitalized Under For Capital Prompt Corrective Actual Capital Adequacy Purposes Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Bankwell Bank June 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 150,291 11.76 % $ 57,488 4.50 % $ 83,039 6.50 % Total Capital to Risk-Weighted Assets 166,261 13.01 % 102,201 8.00 % 127,752 10.00 % Tier I Capital to Risk-Weighted Assets 150,291 11.76 % 76,651 6.00 % 102,201 8.00 % Tier I Capital to Average Assets 150,291 10.59 % 56,756 4.00 % 70,945 5.00 % Bankwell Financial Group, Inc. June 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 134,627 10.50 % $ 57,691 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 175,678 13.70 % 102,561 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 134,627 10.50 % 76,921 6.00 % N/A N/A Tier I Capital to Average Assets 134,627 9.29 % 57,969 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, 2015 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 142,651 12.18 % $ 52,709 4.50 % $ 76,135 6.50 % Total Capital to Risk-Weighted Assets 156,820 13.39 % 93,705 8.00 % 117,131 10.00 % Tier I Capital to Risk-Weighted Assets 142,651 12.18 % 70,279 6.00 % 93,705 8.00 % Tier I Capital to Average Assets 142,651 10.84 % 52,620 4.00 % 65,775 5.00 % Bankwell Financial Group, Inc. December 31, 2015 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 128,692 10.92 % $ 53,052 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 167,867 14.24 % 94,315 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 128,692 10.92 % 70,736 6.00 % N/A N/A Tier I Capital to Average Assets 128,692 9.75 % 52,819 4.00 % N/A N/A

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of status of outstanding stock options	Six Months Ended June 30, 2016 Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 195,928 $ 18.07 Exercised (14,500 ) 15.48 Forfeited - - Expired (900 ) 16.00 Options outstanding at end of period 180,528 18.29 Options exercisable at end of period 179,078 18.31
Schedule of activity for restricted stock	Six Months Ended June 30, 2016 Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 143,323 $ 15.92 Granted 14,300 21.60 Vested (4,900 ) 14.80 Forfeited (633 ) 20.27 Unvested at end of period 152,090 18.05

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	June 30, 2016: Fair Value (Dollars in thousands) Notional Original Asset Amount Maturity Received Paid (Liability) Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 0.65 % 1.62 % $ (542 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.65 % 1.83 % (869 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.65 % 1.48 % (604 ) Interest rate swap on forward-starting FHLB advance $ 25,000 5.0 years 0.65 % 1.22 % (312 ) $ (2,327 ) December 31, 2015: Fair Value (Dollars in thousands) Notional Original Asset Amount Maturity Received Paid (Liability) Cash flow hedge: Interest rate swap on FHLB advance $ 25,000 4.7 years 0.61 % 1.62 % $ (181 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.61 % 1.83 % (276 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 0.61 % 1.48 % 181 $ (276 )
Schedule of interest rate swap transactions	Effective Date of Notional Hedged Duration of (Dollars in thousands) Amount Borrowing Borrowing Counterparty Type of borrowing: FHLB 90-day advance $ 25,000 April 1, 2014 4.7 years Bank of Montreal FHLB 90-day advance $ 25,000 January 2, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 August 26, 2015 5.0 years Bank of Montreal FHLB 90-day advance $ 25,000 July 1, 2016 5.0 years Bank of Montreal
Schedule of changes in the consolidated statements of comprehensive income related to interest rate derivatives designated as hedges of cash flows	Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2016 2015 2016 2015 Interest rate swap on FHLB advance: Unrealized (loss) gain recognized in accumulated other comprehensive income $ (643 ) $ 336 $ (2,051 ) $ (232 ) Income tax benefit (expense) on items recognized in accumulated other comprehensive income 225 (131 ) 718 90 Other comprehensive (loss) income $ (418 ) $ 205 $ (1,333 ) $ (142 ) Interest expense recognized on hedged FHLB advance $ 308 $ 215 $ 615 $ 431

FAIR VALUE OF FINANCIAL INSTR29

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of carrying values and fair values of the Company s financial instruments	June 30, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 92,745 $ 92,745 $ 92,745 $ - $ - Federal funds sold 1,932 1,932 1,932 - - Available for sale securities 83,837 83,837 - 83,837 - Held to maturity securities 16,959 16,968 - 16,968 - Loans receivable, net 1,256,949 1,266,199 - - 1,266,199 Accrued interest receivable 4,708 4,708 - - 4,708 FHLB stock 7,393 7,393 - - 7,393 Financial Liabilities: Demand deposits $ 178,917 $ 178,917 $ - $ - $ 178,917 NOW and money market 392,559 392,559 - - 392,559 Savings 65,444 65,444 - - 65,444 Time deposits 543,671 545,819 - - 545,819 Advances from the FHLB 165,000 165,433 - - 165,433 Subordinated debentures 25,025 25,091 - - 25,091 Derivative liability 2,327 2,327 - 2,327 - December 31, 2015 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 49,562 $ 49,562 $ 49,562 $ - $ - Federal funds sold 39,035 39,035 39,035 - - Available for sale securities 40,581 40,581 - 40,581 - Held to maturity securities 10,226 10,228 - 10,228 - Loans receivable, net 1,129,748 1,135,227 - - 1,135,227 Accrued interest receivable 4,071 4,071 - - 4,071 FHLB stock 6,554 6,554 - - 6,554 Financial Liabilities: Demand deposits $ 164,553 $ 164,553 $ - $ - $ 164,553 NOW and money market 347,846 347,846 - - 347,846 Savings 97,846 97,846 - - 97,846 Time deposits 436,697 438,214 - - 438,214 Advances from the FHLB 120,000 120,025 - - 120,025 Subordinated debentures 25,000 24,505 - - 24,505 Derivative liability 276 276 - 276 -

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of financial instruments carried at fair value on a recurring basis	Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2016: Available for sale investment securities: U.S. Government and agency obligations $ - $ 55,060 $ - State agency, U.S. territories and municipal obligations - 17,175 - Corporate bonds - 11,601 - Mortgage backed securities - 1 - Derivative liability - (2,327 ) - December 31, 2015: Available for sale investment securities: U.S. Government and agency obligations $ - $ 7,143 $ - State agency, U.S. territories and municipal obligations - 17,504 - Corporate bonds - 11,437 - Mortgage backed securities - 4,497 - Derivative liability - (276 ) -
Schedule of financial instruments carried at fair value on a nonrecurring basis	Fair Value (In thousands) Level 1 Level 2 Level 3 June 30, 2016: Impaired loans $ - $ - $ 7,723 Foreclosed real estate - - 492 December 31, 2015: Impaired loans $ - $ - $ 10,922 Foreclosed real estate - - 1,248
Schedule of quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on a nonrecurring basis	Valuation (Dollars in thousands) Fair Value Methodology Unobservable Input Range June 30, 2016: Impaired loans $ 7,723 Appraisals Discount for dated appraisals 8.00% to 18.00% Discounted cash flows Discount rate 4.25% to 7.25% Foreclosed real estate $ 492 Appraisals Discount for dated appraisals 20.00% December 31, 2015: Impaired loans $ 10,922 Appraisals Discount for dated appraisals 8.00% to 10.00% Discounted cash flows Discount rate 3.25% to 7.00% Foreclosed real estate $ 1,248 Appraisals Discount for dated appraisals 10.0% to 25.0%

NATURE OF OPERATIONS AND SUMM31

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) $ in Millions	Oct. 01, 2014USD ($)Branch	Nov. 05, 2013USD ($)Branch	Aug. 19, 2015USD ($)
Business Acquisition [Line Items]
Debt issuance costs as direct deduction from debt liability			$ 0.5
Wilton Bank ("Wilton")
Business Acquisition [Line Items]
Number of branch acquired | Branch		1
Amount of loans acquired		$ 25.1
Amount of deposits acquired		$ 64.2
Quinnipiac
Business Acquisition [Line Items]
Number of branch acquired | Branch	2
Amount of loans acquired	$ 97.8
Amount of deposits acquired	$ 100.6

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Available for sale securities:
Amortized Cost	$ 81,946	$ 39,955
Gross Unrealized Gains	2,191	1,068
Gross Unrealized Losses	(300)	(442)
Fair Value	83,837	40,581
Held to maturity securities:
Amortized Cost	16,959	10,226
Gross Unrealized Gains	17	21
Gross Unrealized Losses	(8)	(19)
Fair value	16,968	10,228
U.S. Government and agency obligations
Available for sale securities:
Due from one through five years, Amortized Cost	54,099	6,198
Due from one through five years, Gross Unrealized Gains	828
Due from one through five years, Gross Unrealized Losses		(77)
Due from one through five years, Fair Value	54,927	6,121
Due from five through ten years, Amortized Cost	31	394
Due from five through ten years, Gross Unrealized Gains	2	4
Due from five through ten years, Gross Unrealized Losses		(2)
Due from five through ten years, Fair Value	33	396
Due after ten years, Amortized Cost	100	647
Due after ten years, Gross Unrealized Gains
Due after ten years, Gross Unrealized Losses		(21)
Due after ten years, Fair Value	100	626
Amortized Cost	54,230	7,239
Gross Unrealized Gains	830	4
Gross Unrealized Losses		(100)
Fair Value	55,060	7,143
State agency, U.S. territories and municipal obligations
Available for sale securities:
Due from one through five years, Amortized Cost	825	520
Due from one through five years, Gross Unrealized Gains	49	39
Due from one through five years, Gross Unrealized Losses
Due from one through five years, Fair Value	874	559
Due from five through ten years, Amortized Cost	10,320	9,762
Due from five through ten years, Gross Unrealized Gains	556	361
Due from five through ten years, Gross Unrealized Losses	(300)	(322)
Due from five through ten years, Fair Value	10,576	9,801
Due after ten years, Amortized Cost	5,359	6,778
Due after ten years, Gross Unrealized Gains	366	367
Due after ten years, Gross Unrealized Losses		(1)
Due after ten years, Fair Value	5,725	7,144
Amortized Cost	16,504	17,060
Gross Unrealized Gains	971	767
Gross Unrealized Losses	(300)	(323)
Fair Value	17,175	17,504
Held to maturity securities:
Due from one through five years, Amortized Cost	2,135
Due from one through five years, Gross Unrealized Gains
Due from one through five years, Gross Unrealized Losses
Due from one through five years, Fair Value	2,135
Due after ten years, Amortized Cost	13,652	9,026
Due after ten years, Gross Unrealized Gains
Due after ten years, Gross Unrealized Losses
Due after ten years, Fair Value	13,652	9,026
Amortized Cost	15,787
Gross Unrealized Gains
Gross Unrealized Losses
Fair value	15,787
Corporate bonds
Available for sale securities:
Due in less than one year, Amortized Cost	1,004	1,010
Due in less than one year, Gross Unrealized Gains	9	22
Due in less than one year, Gross Unrealized Losses
Due in less than one year, Fair Value	1,013	1,032
Due from one through five years, Amortized Cost	9,196	9,233
Due from one through five years, Gross Unrealized Gains	336	156
Due from one through five years, Gross Unrealized Losses		(9)
Due from one through five years, Fair Value	9,532	9,380
Due from five through ten years, Amortized Cost	1,011	1,013
Due from five through ten years, Gross Unrealized Gains	45	12
Due from five through ten years, Gross Unrealized Losses
Due from five through ten years, Fair Value	1,056	1,025
Amortized Cost	11,211	11,256
Gross Unrealized Gains	390	190
Gross Unrealized Losses		(9)
Fair Value	11,601	11,437
Held to maturity securities:
Due from one through five years, Amortized Cost	1,000	1,000
Due from one through five years, Gross Unrealized Gains
Due from one through five years, Gross Unrealized Losses	(8)	(19)
Due from one through five years, Fair Value	992	981
Government-sponsored mortgage backed securities
Available for sale securities:
No contractual maturity Amortized Cost	1	4,400
No contractual maturity Gross Unrealized Gains		107
No contractual maturity Gross Unrealized Losses		(10)
No contractual maturity Fair Value	1	4,497
Amortized Cost		4,400
Gross Unrealized Gains		107
Gross Unrealized Losses		(10)
Fair Value		4,497
Held to maturity securities:
No contractual maturity, Amortized Cost	172	200
No contractual maturity, Gross Unrealized Gains	17	21
No contractual maturity, Gross Unrealized Losses
No contractual maturity, Fair Value	$ 189	$ 221

INVESTMENT SECURITIES - Informa

INVESTMENT SECURITIES - Information regarding investment securities with unrealized losses, aggregated by investment category and length of time that individual securities (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	$ 993	$ 8,350
Less than 12 months - Unrealized Loss	(8)	(93)
12 Months or More - Fair Value	695	2,337
12 Months or More - Unrealized Loss	(300)	(368)
Fair value - Total	1,688	10,687
Unrealized Loss - Total	(308)	(461)
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		5,486
Less than 12 months - Unrealized Loss		(60)
12 Months or More - Fair Value		1,259
12 Months or More - Unrealized Loss		(40)
Fair value - Total		6,745
Unrealized Loss - Total		(100)
State agency, U.S. territories and municipal obligations
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value		126
Less than 12 months - Unrealized Loss		(1)
12 Months or More - Fair Value	695	665
12 Months or More - Unrealized Loss	(300)	(322)
Fair value - Total	695	791
Unrealized Loss - Total	(300)	(323)
Corporate bonds
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	993	1,970
Less than 12 months - Unrealized Loss	(8)	(28)
12 Months or More - Fair Value
12 Months or More - Unrealized Loss
Fair value - Total	993	1,970
Unrealized Loss - Total	$ (8)	(28)
Government-sponsored mortgage backed securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value		768
Less than 12 months - Unrealized Loss		(4)
12 Months or More - Fair Value		413
12 Months or More - Unrealized Loss		(6)
Fair value - Total		1,181
Unrealized Loss - Total		$ (10)

INVESTMENT SECURITIES (Detail T

INVESTMENT SECURITIES (Detail Textuals)	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)Security	Jun. 30, 2016USD ($)Security	Dec. 31, 2015USD ($)Security
Financial Instruments Owned and Pledged as Collateral [Line Items]
Realized gain on investment securties	$ 92,000	$ 92,000
Number of investment securities in which the fair value of the security was less than the amortized cost | Security	2	2	29
Municipal bond investment rated two levels below investment grade cost	$ 995,000	$ 995,000
Municipal bond investment rated two levels below investment grade cost market value	695,000	695,000
Public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	$ 6,100,000	$ 6,100,000	$ 5,900,000

LOANS RECEIVABLE AND ALLOWANC35

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loan portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 1,276,949		$ 1,147,513
Allowance for loan losses	(16,100)	$ (14,810)	(14,169)	$ (12,230)	$ (11,596)	$ (10,860)
Deferred loan origination fees, net	(3,909)		(3,605)
Unamortized loan premiums	9		9
Loans receivable, net	1,256,949		1,129,748
Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	194,067		172,853
Allowance for loan losses	(3,816)	(3,092)	(3,334)	(2,628)	(2,694)	(2,638)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,553		1,735
Allowance for loan losses	(42)	(7)	(8)	(9)	(6)	(4)
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,080,329		972,925
Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	181,035		177,184
Allowance for loan losses	(1,484)	(1,503)	(1,444)	(1,454)	(1,406)	(1,431)
Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	785,042		697,542
Allowance for loan losses	(8,648)	(8,447)	(7,705)	(6,832)	(6,067)	(5,480)
Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	98,265		82,273
Allowance for loan losses	(1,920)	(1,583)	(1,504)	(1,138)	(1,220)	(1,102)
Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	15,987		15,926
Allowance for loan losses	(190)	(178)	(174)	(169)	(203)	(205)
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,197,160		1,058,819
Allowance for loan losses	(16,039)	(14,787)	(14,128)	(12,220)	(11,581)	(10,860)
Deferred loan origination fees, net	(3,909)		(3,605)
Unamortized loan premiums	9		9
Loans receivable, net	1,177,221		1,041,095
Originated | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	174,871		150,479
Allowance for loan losses	(3,792)	(3,086)	(3,310)	(2,618)	(2,682)	(2,638)
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,294		117
Allowance for loan losses	(39)	(3)	(3)	(9)	(3)	(4)
Originated | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,020,995		908,223
Originated | Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	178,215		174,311
Allowance for loan losses	(1,484)	(1,503)	(1,444)	(1,454)	(1,406)	(1,431)
Originated | Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	735,713		643,524
Allowance for loan losses	(8,625)	(8,434)	(7,693)	(6,832)	(6,067)	(5,480)
Originated | Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	97,823		81,242
Allowance for loan losses	(1,920)	(1,583)	(1,504)	(1,138)	(1,220)	(1,102)
Originated | Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,244		9,146
Allowance for loan losses	(179)	(178)	(174)	(169)	(203)	(205)
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	79,789		88,694
Allowance for loan losses	(61)	(23)	(41)	(10)	(15)
Deferred loan origination fees, net
Unamortized loan premiums
Loans receivable, net	79,728		88,653
Acquired | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	19,196		22,374
Allowance for loan losses	(24)	(6)	(24)	(10)	(12)
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,259		1,618
Allowance for loan losses	(3)	(4)	(5)		(3)
Acquired | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	59,334		64,702
Acquired | Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,820		2,873
Allowance for loan losses
Acquired | Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	49,329		54,018
Allowance for loan losses	(23)	(13)	(12)
Acquired | Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	442		1,031
Allowance for loan losses
Acquired | Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	6,743		6,780
Allowance for loan losses	$ (11)

LOANS RECEIVABLE AND ALLOWANC36

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of activity in accretable yields for acquired loan portfolio (Details 1) - Acquired - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period		$ 771	$ 1,225	$ 871	$ 1,382
Acquisition
Accretion		(38)	(21)	(87)	(116)
Other	[1]		(70)	(51)	(132)
Balance at end of period		$ 733	$ 1,134	$ 733	$ 1,134
[1]	Represents changes in cash flows expected to be collected due to loan sales or payoffs.

LOANS RECEIVABLE AND ALLOWANC37

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of allowance for loan losses by portfolio segment (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 14,810	$ 11,596	$ 14,169	$ 10,860
Charge-offs	(12)	(21)	(22)	(21)
Recoveries	1	1	6	4
Provisions	1,301	654	1,947	1,387
Ending balance	16,100	12,230	16,100	12,230
Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,092	2,694	3,334	2,638
Charge-offs		(15)		(15)
Recoveries
Provisions	724	(51)	482	5
Ending balance	3,816	2,628	3,816	2,628
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	7	6	8	4
Charge-offs	(12)	(6)	(15)	(6)
Recoveries	1	1	6	4
Provisions	46	8	43	7
Ending balance	42	9	42	9
Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,503	1,406	1,444	1,431
Charge-offs
Recoveries
Provisions	(19)	48	40	23
Ending balance	1,484	1,454	1,484	1,454
Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8,447	6,067	7,705	5,480
Charge-offs
Recoveries
Provisions	201	765	943	1,352
Ending balance	8,648	6,832	8,648	6,832
Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,583	1,220	1,504	1,102
Charge-offs			(7)
Recoveries
Provisions	337	(82)	423	36
Ending balance	1,920	1,138	1,920	1,138
Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	178	203	174	205
Charge-offs
Recoveries
Provisions	12	(34)	16	(36)
Ending balance	190	169	190	169
Originated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	14,787	11,581	14,128	10,860
Charge-offs	(8)		(9)
Recoveries	1		6
Provisions	1,259	639	1,914	1,360
Ending balance	16,039	12,220	16,039	12,220
Originated | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,086	2,682	3,310	2,638
Charge-offs
Recoveries
Provisions	706	(64)	482	(20)
Ending balance	3,792	2,618	3,792	2,618
Originated | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3	3	3	4
Charge-offs	(8)		(9)
Recoveries	1		6
Provisions	43	6	39	5
Ending balance	39	9	39	9
Originated | Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,503	1,406	1,444	1,431
Charge-offs
Recoveries
Provisions	(19)	48	40	23
Ending balance	1,484	1,454	1,484	1,454
Originated | Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8,434	6,067	7,693	5,480
Charge-offs
Recoveries
Provisions	191	765	932	1,352
Ending balance	8,625	6,832	8,625	6,832
Originated | Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,583	1,220	1,504	1,102
Charge-offs
Recoveries
Provisions	337	(82)	416	36
Ending balance	1,920	1,138	1,920	1,138
Originated | Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	178	203	174	205
Charge-offs
Recoveries
Provisions	1	(34)	5	(36)
Ending balance	179	169	179	169
Acquired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	23	15	41
Charge-offs	(4)	(21)	(13)	(21)
Recoveries		1		4
Provisions	42	15	33	27
Ending balance	61	10	61	10
Acquired | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	6	12	24
Charge-offs		(15)		(15)
Recoveries
Provisions	18	13		25
Ending balance	24	10	24	10
Acquired | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4	3	5
Charge-offs	(4)	(6)	(6)	(6)
Recoveries		1		4
Provisions	3	2	4	2
Ending balance	3		3
Acquired | Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance
Charge-offs
Recoveries
Provisions
Ending balance
Acquired | Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	13		12
Charge-offs
Recoveries
Provisions	10		11
Ending balance	23		23
Acquired | Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance
Charge-offs			(7)
Recoveries
Provisions			7
Ending balance
Acquired | Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance
Charge-offs
Recoveries
Provisions	11		11
Ending balance	$ 11		$ 11

LOANS RECEIVABLE AND ALLOWANC38

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary, by portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	$ 7,723		$ 10,922
Loans individually evaluated for impairment, Allowance	111		111
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,269,226		1,136,591
Loans collectively evaluated for impairment, Allowance	15,989		14,058
Portfolio, Total	1,276,949		1,147,513
Allowance, Total	16,100	$ 14,810	14,169	$ 12,230	$ 11,596	$ 10,860
Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,228		3,410
Loans individually evaluated for impairment, Allowance	90		92
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	191,839		169,443
Loans collectively evaluated for impairment, Allowance	3,726		3,242
Portfolio, Total	194,067		172,853
Allowance, Total	3,816	3,092	3,334	2,628	2,694	2,638
Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	3		7
Loans individually evaluated for impairment, Allowance	3		5
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	2,550		1,728
Loans collectively evaluated for impairment, Allowance	39		4
Portfolio, Total	2,553		1,735
Allowance, Total	42	7	8	9	6	4
Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,080,329		972,925
Residential | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	969		1,833
Loans individually evaluated for impairment, Allowance			2
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	180,066		175,351
Loans collectively evaluated for impairment, Allowance	1,484		1,442
Portfolio, Total	181,035		177,184
Allowance, Total	1,484	1,503	1,444	1,454	1,406	1,431
Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	3,800		5,053
Loans individually evaluated for impairment, Allowance	7		12
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	781,242		692,489
Loans collectively evaluated for impairment, Allowance	8,641		7,692
Portfolio, Total	785,042		697,542
Allowance, Total	8,648	8,447	7,705	6,832	6,067	5,480
Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	98,265		82,273
Loans collectively evaluated for impairment, Allowance	1,920		1,504
Portfolio, Total	98,265		82,273
Allowance, Total	1,920	1,583	1,504	1,138	1,220	1,102
Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	723		619
Loans individually evaluated for impairment, Allowance	11
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	15,264		15,307
Loans collectively evaluated for impairment, Allowance	179		174
Portfolio, Total	15,987		15,926
Allowance, Total	190	178	174	169	203	205
Originated
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	5,258		8,523
Loans individually evaluated for impairment, Allowance	66		73
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,191,902		1,050,296
Loans collectively evaluated for impairment, Allowance	15,973		14,055
Portfolio, Total	1,197,160		1,058,819
Allowance, Total	16,039	14,787	14,128	12,220	11,581	10,860
Originated | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	802		1,977
Loans individually evaluated for impairment, Allowance	66		71
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	174,069		148,502
Loans collectively evaluated for impairment, Allowance	3,726		3,239
Portfolio, Total	174,871		150,479
Allowance, Total	3,792	3,086	3,310	2,618	2,682	2,638
Originated | Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,294		117
Loans collectively evaluated for impairment, Allowance	39		4
Portfolio, Total	1,294		117
Allowance, Total	39	3	3	9	3	4
Originated | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,020,995		908,223
Originated | Residential | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	969		1,833
Loans individually evaluated for impairment, Allowance			2
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	177,246		172,478
Loans collectively evaluated for impairment, Allowance	1,484		1,442
Portfolio, Total	178,215		174,311
Allowance, Total	1,484	1,503	1,444	1,454	1,406	1,431
Originated | Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	3,220		4,291
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	732,493		639,233
Loans collectively evaluated for impairment, Allowance	8,625		7,692
Portfolio, Total	735,713		643,524
Allowance, Total	8,625	8,434	7,693	6,832	6,067	5,480
Originated | Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	97,823		81,242
Loans collectively evaluated for impairment, Allowance	1,920		1,504
Portfolio, Total	97,823		81,242
Allowance, Total	1,920	1,583	1,504	1,138	1,220	1,102
Originated | Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	267		422
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	8,977		8,724
Loans collectively evaluated for impairment, Allowance	179		174
Portfolio, Total	9,244		9,146
Allowance, Total	179	178	174	169	203	205
Acquired
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,465		2,399
Loans individually evaluated for impairment, Allowance	45		38
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	77,324		86,295
Loans collectively evaluated for impairment, Allowance	16		3
Portfolio, Total	79,789		88,694
Allowance, Total	61	23	41	10	15
Acquired | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	1,426		1,433
Loans individually evaluated for impairment, Allowance	24		21
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	17,770		20,941
Loans collectively evaluated for impairment, Allowance			3
Portfolio, Total	19,196		22,374
Allowance, Total	24	6	24	10	12
Acquired | Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	3		7
Loans individually evaluated for impairment, Allowance	3		5
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,256		1,611
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	1,259		1,618
Allowance, Total	3	4	5		3
Acquired | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	59,334		64,702
Acquired | Residential | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	2,820		2,873
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	2,820		2,873
Allowance, Total
Acquired | Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	580		762
Loans individually evaluated for impairment, Allowance	7		12
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	48,749		53,256
Loans collectively evaluated for impairment, Allowance	16
Portfolio, Total	49,329		54,018
Allowance, Total	23	13	12
Acquired | Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	442		1,031
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	442		1,031
Allowance, Total
Acquired | Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	456		197
Loans individually evaluated for impairment, Allowance	11
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	6,287		6,583
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	6,743		6,780
Allowance, Total	$ 11

LOANS RECEIVABLE AND ALLOWANC39

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of the loan portfolio quality indicators by portfolio segment (Details 4) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,276,949	$ 1,147,513
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	194,067	172,853
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,553	1,735
Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,080,329	972,925
Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	181,035	177,184
Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	785,042	697,542
Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	98,265	82,273
Home equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,987	15,926
Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,197,160	1,058,819
Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	174,871	150,479
Originated | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	172,284	148,748
Originated | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,873	1,118
Originated | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	593	549
Originated | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	121	64
Originated | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,294	117
Originated | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,294	117
Originated | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,020,995	908,223
Originated | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,215	174,311
Originated | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	177,246	172,478
Originated | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		864
Originated | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	969	969
Originated | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	735,713	643,524
Originated | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	729,534	638,709
Originated | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,959	1,595
Originated | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,220	3,220
Originated | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	97,823	81,242
Originated | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	97,823	81,242
Originated | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Home equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,244	9,146
Originated | Home equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,977	8,725
Originated | Home equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	75	80
Originated | Home equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	192	341
Originated | Home equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Originated | Home equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	79,789	88,694
Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,196	22,374
Acquired | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,046	20,794
Acquired | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	180	598
Acquired | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	970	982
Acquired | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,259	1,618
Acquired | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,188	1,539
Acquired | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	71	79
Acquired | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	59,334	64,702
Acquired | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,820	2,873
Acquired | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,820	2,873
Acquired | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	49,329	54,018
Acquired | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	46,854	52,427
Acquired | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,297
Acquired | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,178	1,591
Acquired | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	442	1,031
Acquired | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	442	230
Acquired | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		801
Acquired | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Home equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,743	6,780
Acquired | Home equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,287	6,545
Acquired | Home equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Home equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	456	235
Acquired | Home equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Acquired | Home equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans

LOANS RECEIVABLE AND ALLOWANC40

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loan portfolio delinquencies by portfolio segment and amount (Details 5) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,159	$ 5,799
Current	1,273,790	1,141,714
Carrying Amount > 90 Days and Accruing	105	1,105
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	862	1,988
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		644
Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,297	3,167
Originated
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,090	2,999
Current	1,196,070	1,055,820
Carrying Amount > 90 Days and Accruing
Originated | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,276
Originated | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		411
Originated | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,090	1,312
Originated | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	121	1,521
Current	174,750	148,958
Carrying Amount > 90 Days and Accruing
Originated | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,078
Originated | Commercial business | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		100
Originated | Commercial business | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	121	343
Originated | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	1,294	117
Carrying Amount > 90 Days and Accruing
Originated | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Consumer | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969	969
Current	177,246	173,342
Carrying Amount > 90 Days and Accruing
Originated | Residential | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Residential | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Residential | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969	969
Originated | Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		311
Current	735,713	643,213
Carrying Amount > 90 Days and Accruing
Originated | Commercial | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Commercial | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		311
Originated | Commercial | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Construction | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	97,823	81,242
Carrying Amount > 90 Days and Accruing
Originated | Construction | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Construction | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Construction | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		198
Current	9,244	8,948
Carrying Amount > 90 Days and Accruing
Originated | Home equity | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		198
Originated | Home equity | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Home equity | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,069	2,800
Current	77,720	85,894
Carrying Amount > 90 Days and Accruing	105	1,105
Acquired | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	862	712
Acquired | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		233
Acquired | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,207	1,855
Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	621	434
Current	18,575	21,940
Carrying Amount > 90 Days and Accruing	105	86
Acquired | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	450	262
Acquired | Commercial business | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		71
Acquired | Commercial business | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	171	101
Acquired | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	17
Current	1,245	1,601
Carrying Amount > 90 Days and Accruing
Acquired | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	17
Acquired | Consumer | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	2,820	2,873
Carrying Amount > 90 Days and Accruing
Acquired | Residential | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Residential | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Residential | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	978	1,095
Current	48,351	52,923
Carrying Amount > 90 Days and Accruing		218
Acquired | Commercial | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	398	333
Acquired | Commercial | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Commercial | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	580	762
Acquired | Construction | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		801
Current	442	230
Carrying Amount > 90 Days and Accruing		801
Acquired | Construction | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Construction | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Acquired | Construction | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		801
Acquired | Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	456	453
Current	6,287	6,327
Carrying Amount > 90 Days and Accruing
Acquired | Home equity | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		100
Acquired | Home equity | Real estate | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		162
Acquired | Home equity | Real estate | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 456	$ 191

LOANS RECEIVABLE AND ALLOWANC41

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of nonaccrual loans by portfolio segment (Details 6) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 3,609	$ 3,791
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	878	1,160
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans		2
Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	969	970
Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	1,114	1,264
Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 648	$ 395

LOANS RECEIVABLE AND ALLOWANC42

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of impaired loans (Details 7) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	$ 4,719	$ 7,033
Impaired loans without a valuation allowance, Unpaid Principal Balance	4,735	7,056
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	539	1,490
Impaired loans with a valuation allowance, Unpaid Principal Balance	539	1,554
Impaired loans with a valuation allowance, Associated Allowance	66	73
Total impaired loans
Total impaired loans, Carrying Amount	5,258	8,523
Total impaired loans, Unpaid Principal Balance	5,274	8,610
Total impaired loans, Associated Allowance	66	73
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	263	1,351
Impaired loans without a valuation allowance, Unpaid Principal Balance	272	1,372
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	539	626
Impaired loans with a valuation allowance, Unpaid Principal Balance	539	690
Impaired loans with a valuation allowance, Associated Allowance	66	71
Originated | Residential | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	969	969
Impaired loans without a valuation allowance, Unpaid Principal Balance	969	969
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount		864
Impaired loans with a valuation allowance, Unpaid Principal Balance		864
Impaired loans with a valuation allowance, Associated Allowance		2
Originated | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	3,220	4,291
Impaired loans without a valuation allowance, Unpaid Principal Balance	3,220	4,291
Originated | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	267	422
Impaired loans without a valuation allowance, Unpaid Principal Balance	274	424
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	1,442	1,771
Impaired loans without a valuation allowance, Unpaid Principal Balance	1,549	1,841
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	1,023	628
Impaired loans with a valuation allowance, Unpaid Principal Balance	1,037	638
Impaired loans with a valuation allowance, Associated Allowance	45	38
Total impaired loans
Total impaired loans, Carrying Amount	2,465	2,399
Total impaired loans, Unpaid Principal Balance	2,586	2,479
Total impaired loans, Associated Allowance	45	38
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	712	963
Impaired loans without a valuation allowance, Unpaid Principal Balance	715	963
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	714	470
Impaired loans with a valuation allowance, Unpaid Principal Balance	728	480
Impaired loans with a valuation allowance, Associated Allowance	24	21
Acquired | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	3	7
Impaired loans with a valuation allowance, Unpaid Principal Balance	3	7
Impaired loans with a valuation allowance, Associated Allowance	3	5
Acquired | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	436	611
Impaired loans without a valuation allowance, Unpaid Principal Balance	534	678
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	144	151
Impaired loans with a valuation allowance, Unpaid Principal Balance	144	151
Impaired loans with a valuation allowance, Associated Allowance	7	12
Acquired | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	294	197
Impaired loans without a valuation allowance, Unpaid Principal Balance	300	200
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	162
Impaired loans with a valuation allowance, Unpaid Principal Balance	162
Impaired loans with a valuation allowance, Associated Allowance	$ 11

LOANS RECEIVABLE AND ALLOWANC43

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 8) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	$ 4,721	$ 7,084
Impaired loans without a valuation allowance, Interest Income Recognized	48	210
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	525	1,537
Impaired loans with a valuation allowance, Interest Income Recognized	12	62
Total impaired loans
Total impaired loans, Average Recorded Investment	5,246	8,621
Total impaired loans, Interest Income Recognized	60	272
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	259	1,374
Impaired loans without a valuation allowance, Interest Income Recognized	21	49
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	525	673
Impaired loans with a valuation allowance, Interest Income Recognized	12	34
Originated | Residential | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	969	973
Impaired loans without a valuation allowance, Interest Income Recognized		27
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment		864
Impaired loans with a valuation allowance, Interest Income Recognized		28
Originated | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	3,220	4,308
Impaired loans without a valuation allowance, Interest Income Recognized	26	124
Originated | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	273	429
Impaired loans without a valuation allowance, Interest Income Recognized	1	10
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	1,474	1,799
Impaired loans without a valuation allowance, Interest Income Recognized	18	62
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	1,052	664
Impaired loans with a valuation allowance, Interest Income Recognized	20	18
Total impaired loans
Total impaired loans, Average Recorded Investment	2,526	2,463
Total impaired loans, Interest Income Recognized	38	80
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	728	999
Impaired loans without a valuation allowance, Interest Income Recognized	17	54
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	743	506
Impaired loans with a valuation allowance, Interest Income Recognized	18	14
Acquired | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	3	7
Impaired loans with a valuation allowance, Interest Income Recognized		1
Acquired | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	450	602
Impaired loans without a valuation allowance, Interest Income Recognized		6
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	144	151
Impaired loans with a valuation allowance, Interest Income Recognized		3
Acquired | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	296	198
Impaired loans without a valuation allowance, Interest Income Recognized	1	2
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	162
Impaired loans with a valuation allowance, Interest Income Recognized	$ 2

LOANS RECEIVABLE AND ALLOWANC44

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loans whose terms were modified as TDRs (Details 9) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)Loans	Jun. 30, 2015USD ($)Loans	Jun. 30, 2016USD ($)Loans	Jun. 30, 2015USD ($)Loans
Financing Receivable, Modifications [Line Items]
Number of Loans | Loans	2	1	2	4
Outstanding Recorded Investment Pre-Modification	$ 259	$ 825	$ 259	$ 4,094
Outstanding Recorded Investment Post-Modification	$ 259	$ 825	$ 259	$ 4,094
Commercial business
Financing Receivable, Modifications [Line Items]
Number of Loans | Loans	2		2	1
Outstanding Recorded Investment Pre-Modification	$ 259		$ 259	$ 49
Outstanding Recorded Investment Post-Modification	$ 259		$ 259	$ 49
Commercial | Real estate
Financing Receivable, Modifications [Line Items]
Number of Loans | Loans		1		3
Outstanding Recorded Investment Pre-Modification		$ 825		$ 4,045
Outstanding Recorded Investment Post-Modification		$ 825		$ 4,045

LOANS RECEIVABLE AND ALLOWANC45

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loans were modified as TDR (Details 10) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Maturity/amortization concession		$ 825		$ 874
Maturity Concession	259		259
Maturity and payment concession				3,220
Total	$ 259	$ 825	$ 259	$ 4,094

LOANS RECEIVABLE AND ALLOWANC46

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
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%
Private mortgage percentage of appraised value property			80.00%
Possible loss amount determined as a result of an impairment analysis			$ 0
Income contractually due but not recognized on originated nonaccrual loans	$ 13	$ 37	25	$ 72
Actual interest income recognized			1
Commitment to lend additional funds to any borrower on nonaccrual status			169		$ 169
Purchased credit impaired loans	100		100		1,100
Recorded investment in TDR	$ 4,700		4,700		7,300
TDR on non accrual status			$ 1,100		$ 1,100
Residential loan | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property			80.00%
Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property			80.00%
Minimum
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property			90.00%
Maximum
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property			95.00%

SHAREHOLDERS' EQUITY (Detail Te

SHAREHOLDERS' EQUITY (Detail Textuals) - USD ($)	May 15, 2014	Nov. 20, 2015	Jun. 30, 2016	Dec. 31, 2011
Stockholders Equity Note [Line Items]
Net proceeds from the IPO				$ 5,900,000
Percentage of proceeds invested as Tier 1 Capital				90.00%
Initial Public Offering ("IPO")
Stockholders Equity Note [Line Items]
Number of common shares authorized to issue in initial public offering	2,702,703
Price per share of shares issued (in dollars per share)	$ 18
Issuance of shares	2,702,703
Net proceeds from the IPO	$ 44,700,000
Underwriting discount	2,500,000
Amount of expenses incurred in public offering	$ 1,300,000
Senior Non Cumulative Perpetual Preferred Stock Series C
Stockholders Equity Note [Line Items]
Preferred stock dividend rate percentage			1.00%
Number of preferred stock issued and sold				10,980
Preferred stock liquidation value		$ 1,000		$ 1,000
Number of shares redeemed (in shares)		10,980
Value for redemption of preferred stock		$ 10,980,000

SHAREHOLDERS' EQUITY (Detail 48

SHAREHOLDERS' EQUITY (Detail Textuals 1) - USD ($) $ / shares in Units, $ in Thousands	Oct. 01, 2014	Apr. 27, 2016	Jan. 27, 2016	Jun. 30, 2016	Jun. 30, 2015
Stockholders Equity Note [Line Items]
Cash dividend declared amount per share		$ 0.05	$ 0.05
Dividends payable date declared		Apr. 27, 2016	Jan. 27, 2016
Dividends payable date to be paid		May 26, 2016	Feb. 22, 2016
Dividends payable date of record		May 16, 2016	Feb. 12, 2016
Number of common stock shares purchased under each warrant				0.3221
Exercise price of warrant				$ 14
Amount received for issuance of common stock for warrants exercised				$ 4,264,946
Number of common stock shares issued on exercise of warrants				304,639
Declared and paid cash dividends on preferred stock					$ 55
Number of common stock share included in each unit issued				1
Number of warrants available to purchase shares				945,789
Number of warrants exercised				838,369
Number of common stock for warrants exercised				269,992
Total gross proceeds from warrant exercised				$ 3,779,888
Quinnipiac Bank And Trust Company
Stockholders Equity Note [Line Items]
Number of common stock shares purchased under each warrant	0.56
Exercise price of warrant	$ 17.86
Number of warrants issued	68,600

COMPREHENSIVE INCOME - Summary

COMPREHENSIVE INCOME - Summary of changes in accumulated other comprehensive income (loss) by component, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	$ (22)	$ 383	$ 227	$ 531
Other comprehensive income (loss) before reclassifications	(170)	(270)	(419)	(418)
Amounts reclassified from accumulated other comprehensive income	(92)		(92)
Net other comprehensive income (loss)	(262)	(270)	(511)	(418)
Balance	(284)	113	(284)	113
Net Unrealized Gain (Loss) on Available for Sale Securities
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	1,071	843	405	644
Other comprehensive income (loss) before reclassifications	248	(475)	914	(276)
Amounts reclassified from accumulated other comprehensive income	(92)		(92)
Net other comprehensive income (loss)	156	(475)	822	(276)
Balance	1,227	368	1,227	368
Net Unrealized Gain (Loss) on Interest Rate Swap
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	(1,093)	(460)	(178)	(113)
Other comprehensive income (loss) before reclassifications	(418)	205	(1,333)	(142)
Amounts reclassified from accumulated other comprehensive income
Net other comprehensive income (loss)	(418)	205	(1,333)	(142)
Balance	$ (1,511)	$ (255)	$ (1,511)	$ (255)

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of earnings available to common stockholders and basic weighted-average common shares outstanding to diluted weighted average common shares outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 2,896	$ 2,286	$ 5,887	$ 4,159
Preferred stock dividends		(27)		(55)
Dividends to participating securities	(6)		(11)
Undistributed earnings allocated to participating securities	(49)	(62)	(99)	(108)
Net income for earnings per share calculation	$ 2,841	$ 2,197	$ 5,777	$ 3,996
Weighted average shares outstanding, basic	7,387,712	7,042,290	7,383,965	7,035,432
Effect of dilutive equity-based awards	80	15	62	21
Weighted average shares outstanding, diluted	7,467,954	7,056,916	7,446,456	7,056,566
Net earnings per common share:
Basic earnings per common share (in dollars per share)	$ 0.38	$ 0.31	$ 0.78	$ 0.57
Diluted earnings per common share (in dollars per share)	$ 0.38	$ 0.31	$ 0.78	$ 0.57

REGULATORY MATTERS - Capital am

REGULATORY MATTERS - Capital amounts and ratios for Bank (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Bankwell Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 150,291	$ 142,651
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	11.76%	12.18%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 57,488	$ 52,709
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	$ 83,039	$ 76,135
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	$ 166,261	$ 156,820
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	13.01%	13.39%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 102,201	$ 93,705
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	$ 127,752	$ 117,131
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	$ 150,291	$ 142,651
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	11.76%	12.18%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 76,651	$ 70,279
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	$ 102,201	$ 93,705
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	$ 150,291	$ 142,651
Tier I Capital to Average Assets, Actual Capital, Ratio	10.59%	10.84%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 56,756	$ 52,620
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	$ 70,945	$ 65,775
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	$ 134,627	$ 128,692
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.50%	10.92%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 57,691	$ 53,052
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	$ 175,678	$ 167,867
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	13.70%	14.24%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 102,561	$ 94,315
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	$ 134,627	$ 128,692
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.50%	10.92%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 76,921	$ 70,736
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	$ 134,627	$ 128,692
Tier I Capital to Average Assets, Actual Capital, Ratio	9.29%	9.75%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 57,969	$ 52,819
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Ratio	4.00%	4.00%

REGULATORY MATTERS (Detail Text

REGULATORY MATTERS (Detail Textuals)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
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%
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier I capital to Risk-weighted Assets	4.50%
Leverage ratio	4.00%
Tier 1 capital to risk-weighted assets requirement	6.00%	4.00%
Total capital to risk-weighted assets requirement	8.00%
Common Equity Tier I capital conservation buffer	2.50%

STOCK-BASED COMPENSATION - Outs

STOCK-BASED COMPENSATION - Outstanding share options (Details)	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Number of Shares
Options outstanding at beginning of period | shares	195,928
Exercised | shares	(14,500)
Forfeited | shares
Expired | shares	(900)
Options outstanding at end of period | shares	180,528
Options exercisable at end of period | shares	179,078
Weighted Average Exercise Price
Options outstanding at beginning of period | $ / shares	$ 18.07
Exercised | $ / shares	15.48
Forfeited | $ / shares
Expired | $ / shares	16
Options outstanding at end of period | $ / shares	18.29
Options exercisable at end of period | $ / shares	$ 18.31

STOCK-BASED COMPENSATION - Acti

STOCK-BASED COMPENSATION - Activity for restricted stock (Details 1)	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Number of Shares
Unvested at beginning of period | shares	143,323
Granted | shares	14,300
Vested | shares	(4,900)
Forfeited | shares	(633)
Unvested at end of period | shares	152,090
Weighted Average Grant Date Fair Value
Unvested at beginning of period | $ / shares	$ 15.92
Granted | $ / shares	21.60
Vested | $ / shares	14.80
Forfeited | $ / shares	20.27
Unvested at end of period | $ / shares	$ 18.05

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	Dec. 09, 2014	Jan. 31, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested			4,900
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 to vest 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 may 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 Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expenses			$ 4	$ 7
Total intrinsic value of share options exercised			60
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expenses			$ 500	515
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 common stock reserved for issuance			485,837		485,837
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
Compensation expense under shares modification			$ 105	$ 85
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	49,400
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Stock price $25.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price	$ 25
Grant date fair value for shares granted	11.63
Incremental cost		2.19
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Stock price $27.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price	27
Grant date fair value for shares granted	10.30
Incremental cost		$ 2.03
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Stock price $29.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price	29
Grant date fair value for shares granted	$ 9.10

DERIVATIVE INSTRUMENTS - Inform

DERIVATIVE INSTRUMENTS - Information about derivative instruments (Details) - Cash Flow Hedging - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Fair Value Asset (Liability)	$ (2,327)	$ (276)
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Original Maturity	4 years 8 months 12 days	4 years 8 months 12 days
Received	0.65%	0.61%
Paid	1.62%	1.62%
Fair Value Asset (Liability)	$ (542)	$ (181)
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Original Maturity	5 years	5 years
Received	0.65%	0.61%
Paid	1.83%	1.83%
Fair Value Asset (Liability)	$ (869)	$ (276)
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000
Original Maturity	5 years	5 years
Received	0.65%	0.61%
Paid	1.48%	1.48%
Fair Value Asset (Liability)	$ (604)	$ 181
Interest rate swap on forward-starting FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000
Original Maturity	5 years
Received	0.65%
Paid	1.22%
Fair Value Asset (Liability)	$ (312)

DERIVATIVE INSTRUMENTS - Forwar

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

DERIVATIVE INSTRUMENTS - Change

DERIVATIVE INSTRUMENTS - Changes in consolidated statements of comprehensive income related to interest rate derivatives (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest rate swap on FHLB advance:
Unrealized (loss) gain recognized in accumulated other comprehensive income	$ (643)	$ 336	$ (2,051)	$ (232)
Income tax benefit (expense) on items recognized in accumulated other comprehensive income	225	(131)	718	90
Other comprehensive (loss) income	(418)	205	(1,333)	(142)
Interest expense recognized on hedged FHLB advance	$ 308	$ 215	$ 615	$ 431

FAIR VALUE OF FINANCIAL INSTR59

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying values and fair values of financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial Assets:
Federal funds sold	$ 1,932	$ 39,035
Available for sale securities	83,837	40,581
Held to maturity securities	16,968	10,228
Carrying Value
Financial Assets:
Cash and due from banks	92,745	49,562
Federal funds sold	1,932	39,035
Available for sale securities	83,837	40,581
Held to maturity securities	16,959	10,226
Loans receivable, net	1,256,949	1,129,748
Accrued interest receivable	4,708	4,071
FHLB stock	7,393	6,554
Financial Liabilities:
Demand deposits	178,917	164,553
NOW and money market	392,559	347,846
Savings	65,444	97,846
Time deposits	543,671	436,697
Advances from the FHLB	165,000	120,000
Subordinated debentures	25,025	25,000
Derivative liability	2,327	276
Fair Value
Financial Assets:
Cash and due from banks	92,745	49,562
Federal funds sold	1,932	39,035
Available for sale securities	83,837	40,581
Held to maturity securities	16,968	10,228
Loans receivable, net	1,266,199	1,135,227
Accrued interest receivable	4,708	4,071
FHLB stock	7,393	6,554
Financial Liabilities:
Demand deposits	178,917	164,553
NOW and money market	392,559	347,846
Savings	65,444	97,846
Time deposits	545,819	438,214
Advances from the FHLB	165,433	120,025
Subordinated debentures	25,091	24,505
Derivative liability	2,327	276
Level 1
Financial Assets:
Cash and due from banks	92,745	49,562
Federal funds sold	1,932	39,035
Available for sale securities
Held to maturity securities
Loans receivable, net
Accrued interest receivable
FHLB stock
Financial Liabilities:
Demand deposits
NOW and money market
Savings
Time deposits
Advances from the FHLB
Subordinated debentures
Derivative liability
Level 2
Financial Assets:
Cash and due from banks
Federal funds sold
Available for sale securities	83,837	40,581
Held to maturity securities	16,968	10,228
Loans receivable, net
Accrued interest receivable
FHLB stock
Financial Liabilities:
Demand deposits
NOW and money market
Savings
Time deposits
Advances from the FHLB
Subordinated debentures
Derivative liability	2,327	276
Level 3
Financial Assets:
Cash and due from banks
Federal funds sold
Available for sale securities
Held to maturity securities
Loans receivable, net	1,266,199	1,135,227
Accrued interest receivable	4,708	4,071
FHLB stock	7,393	6,554
Financial Liabilities:
Demand deposits	178,917	164,553
NOW and money market	392,559	347,846
Savings	65,444	97,846
Time deposits	545,819	438,214
Advances from the FHLB	165,433	120,025
Subordinated debentures	25,091	24,505
Derivative liability

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Available-for-sale investment securities:
Available for sale securities	$ 83,837	$ 40,581
Fair Value Measurements Recurring | Level 1
Available-for-sale investment securities:
Derivative liability
Fair Value Measurements Recurring | Level 1 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 1 | State agency, U.S. territories and municipal obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 1 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 1 | Mortgage backed securities
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 2
Available-for-sale investment securities:
Derivative liability	(2,327)	(276)
Fair Value Measurements Recurring | Level 2 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities	55,060	7,143
Fair Value Measurements Recurring | Level 2 | State agency, U.S. territories and municipal obligations
Available-for-sale investment securities:
Available for sale securities	17,175	17,504
Fair Value Measurements Recurring | Level 2 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities	11,601	11,437
Fair Value Measurements Recurring | Level 2 | Mortgage backed securities
Available-for-sale investment securities:
Available for sale securities	1	$ 4,497
Fair Value Measurements Recurring | Level 3
Available-for-sale investment securities:
Derivative liability
Fair Value Measurements Recurring | Level 3 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 3 | State agency, U.S. territories and municipal obligations
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 3 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities
Fair Value Measurements Recurring | Level 3 | Mortgage backed securities
Available-for-sale investment securities:
Available for sale securities

FAIR VALUE MEASUREMENTS - Fin61

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on nonrecurring basis (Details 1) - Fair Value Measurements Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Foreclosed real estate
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Foreclosed real estate
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	7,723	10,922
Foreclosed real estate	$ 492	$ 1,248

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on nonrecurring basis (Details 2) - Level 3 - Fair Value Measurements Nonrecurring - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 7,723	$ 10,922
Foreclosed real estate	492	1,248
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 7,723	$ 10,922
Valuation Methodology, Appraisals	Appraisals	Appraisals
Valuation Methodology, Discounted cash flows	Discounted cash flows	Discounted cash flows
Impaired loans | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount for dated appraisals	8.00%	8.00%
Unobservable Input, Discount rate	4.25%	3.25%
Impaired loans | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount for dated appraisals	18.00%	10.00%
Unobservable Input, Discount rate	7.25%	7.00%
Foreclosed Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	$ 492	$ 1,248
Valuation Methodology, Appraisals	Appraisals	Appraisals
Unobservable Input, Discount for dated appraisals	20.00%
Foreclosed Real Estate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount for dated appraisals		10.00%
Foreclosed Real Estate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount for dated appraisals		25.00%

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%