Bankwell Financial (BWFG) 10-Q 9 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 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		7,571,658
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets - (

Consolidated Balance Sheets - (unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 94,731	$ 49,562
Federal funds sold	1,357	39,035
Cash and cash equivalents	96,088	88,597
Held to maturity investment securities, at amortized cost	16,909	10,226
Available for sale investment securities, at fair value	82,752	40,581
Loans held for sale	400
Loans receivable (net of allowance for loan losses of $17,250 at September 30, 2016 and $14,169 at December 31, 2015)	1,305,065	1,129,748
Foreclosed real estate	272	1,248
Accrued interest receivable	4,499	4,071
Federal Home Loan Bank stock, at cost	7,943	6,554
Premises and equipment, net	10,314	11,163
Bank-owned life insurance	24,277	23,755
Goodwill	2,589	2,589
Other intangible assets	532	652
Deferred income taxes, net	9,874	8,337
Other assets	4,072	2,851
Total assets	1,565,586	1,330,372
Deposits
Noninterest bearing deposits	176,405	164,553
Interest bearing deposits	1,040,537	882,389
Total deposits	1,216,942	1,046,942
Advances from the Federal Home Loan Bank	175,000	120,000
Subordinated debentures	25,038	25,000
Accrued expenses and other liabilities	8,034	6,661
Total liabilities	1,425,014	1,198,603
Commitments and Contingencies
Shareholders' equity
Common stock, no par value; 10,000,000 shares authorized, 7,562,508 and 7,516,291 shares issued at September 30, 2016 and December 31, 2015, respectively	113,650	112,579
Retained earnings	26,859	18,963
Accumulated other comprehensive income	63	227
Total shareholders' equity	140,572	131,769
Total liabilities and shareholders' equity	$ 1,565,586	$ 1,330,372

Consolidated Balance Sheets - 3

Consolidated Balance Sheets - (unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for loan losses (in dollars)	$ 17,250	$ 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	7,562,508	7,516,291

Consolidated Statements Of Inco

Consolidated Statements Of Income - (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest and dividend income
Interest and fees on loans	$ 14,914	$ 12,660	$ 42,167	$ 35,310
Interest and dividends on securities	688	493	2,083	1,474
Interest on cash and cash equivalents	31	33	98	62
Total interest income	15,633	13,186	44,348	36,846
Interest expense
Interest expense on deposits	2,160	1,637	5,862	3,905
Interest on borrowings	946	632	2,682	1,389
Total interest expense	3,106	2,269	8,544	5,294
Net interest income	12,527	10,917	35,804	31,552
Provision for loan losses	1,219	1,489	3,166	2,876
Net interest income after provision for loan losses	11,308	9,428	32,638	28,676
Noninterest income
Service charges and fees	241	234	721	675
Bank owned life insurance	174	182	522	549
Gains and fees from sales of loans	163	447	387	885
Gain on sale of foreclosed real estate, net			128
Net gain on sale of available for sale securities			92
Other	172	348	425	535
Total noninterest income	750	1,211	2,275	2,644
Noninterest expense
Salaries and employee benefits	3,909	3,798	11,537	11,817
Occupancy and equipment	1,435	1,370	4,235	4,029
Professional services	521	339	1,257	1,033
Data processing	417	416	1,201	1,157
Marketing	242	288	644	707
FDIC insurance	177	166	514	487
Director fees	128	136	423	424
Foreclosed real estate	47	81	149	73
Amortization of intangibles	39	51	119	153
Other	566	513	1,697	1,610
Total noninterest expense	7,481	7,158	21,776	21,490
Income before income tax expense	4,577	3,481	13,137	9,830
Income tax expense	1,437	1,228	4,110	3,418
Net income	3,140	2,253	9,027	6,412
Net income attributable to common shareholders	$ 3,140	$ 2,226	$ 9,027	$ 6,330
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.42	$ 0.31	$ 1.20	$ 0.88
Diluted (in dollars per share)	$ 0.41	$ 0.31	$ 1.19	$ 0.87
Weighted Average Common Shares Outstanding:
Basic (in shares)	7,397,067	7,044,586	7,388,364	7,038,517
Diluted (in shares)	7,488,752	7,059,117	7,459,283	7,057,450
Dividends per common share (in dollars per share)	$ 0.05		$ 0.15

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 3,140	$ 2,253	$ 9,027	$ 6,412
Unrealized (losses) gains on securities:
Unrealized holding (losses) gains on available for sale securities	(371)	190	986	(262)
Reclassification adjustment for (gain) loss realized in net income			(92)
Net change in unrealized (losses) gains	(371)	190	894	(262)
Income tax benefit (expense)	130	(74)	(313)	102
Unrealized (losses) gains on securities, net of tax	(241)	116	581	(160)
Unrealized gains (losses) on interest rate swaps:
Unrealized gains (losses) on interest rate swaps designated as cash flow hedges	904	(826)	(1,147)	(1,058)
Income tax (expense) benefit	(316)	322	402	412
Unrealized gains (losses) on interest rate swaps, net of tax	588	(504)	(745)	(646)
Total other comprehensive income (loss), net of tax	347	(388)	(164)	(806)
Comprehensive income	$ 3,487	$ 1,865	$ 8,863	$ 5,606

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			6,412		6,412
Other comprehensive loss, net of tax				(806)	(806)
Preferred stock cash dividends			(82)		(82)
Stock-based compensation expense		$ 796			796
Forfeitures of restricted stock (in shares)		(2,623)
Issuance of restricted stock (in shares)		51,800
Stock options exercised		$ 258			258
Stock options exercised (in shares)		17,770
Balance at Sep. 30, 2015	$ 10,980	$ 108,319	16,764	(275)	135,788
Balance (in shares) at Sep. 30, 2015		7,252,429
Balance at Dec. 31, 2015		$ 112,579	18,963	227	131,769
Balance (in shares) at Dec. 31, 2015		7,516,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			9,027		9,027
Other comprehensive loss, net of tax				(164)	(164)
Cash dividends declared ($0.15 per share)			(1,131)		(1,131)
Stock-based compensation expense		$ 788			788
Forfeitures of restricted stock (in shares)		(683)
Issuance of restricted stock (in shares)		29,300
Stock options exercised		$ 283			$ 283
Stock options exercised (in shares)		17,600			17,600
Balance at Sep. 30, 2016		$ 113,650	$ 26,859	$ 63	$ 140,572
Balance (in shares) at Sep. 30, 2016		7,562,508

Consolidated Statements Of Sha7

Consolidated Statements Of Shareholders' Equity - (unaudited) (Parentheticals) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.05	$ 0.15

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 9,027	$ 6,412
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premiums and discounts on investment securities	493	89
Provision for loan losses	3,166	2,876
Provision for deferred taxes	(1,448)	(1,074)
Net gain on sales of available for sale securities	(92)
Depreciation and amortization	1,305	1,256
Increase in cash surrender value of bank-owned life insurance	(522)	(549)
Loan principal sold	(6,214)	(13,082)
Proceeds from sales of loans	6,201	14,301
Net gain on sales of loans	(387)	(885)
Stock-based compensation	788	796
Net accretion of purchase accounting adjustments	(107)	(104)
Gain on sale and write-downs of foreclosed real estate	25	104
Net change in:
Deferred loan fees	316	612
Accrued interest receivable	(428)	(508)
Other assets	(2,130)	(1,054)
Accrued expenses and other liabilities	1,374	949
Net cash provided by operating activities	11,367	10,139
Cash flows from investing activities
Proceeds from principal repayments on available for sale securities	734	1,612
Proceeds from principal repayments on held to maturity securities	155	165
Net proceeds from sales and calls of available for sale securities	8,813	18,030
Purchases of available for sale securities	(51,228)
Purchases of held to maturity securities	(6,834)
Net increase in loans	(178,861)	(196,984)
Purchases of premises and equipment	(456)	(851)
Purchase of Federal Home Loan Bank stock	(1,390)	(809)
Proceeds from sale of foreclosed real estate	951	400
Net cash used by investing activities	(228,116)	(178,437)
Cash flows from financing activities
Net change in time certificates of deposit	157,904	119,805
Net change in other deposits	12,145	70,551
Increase in subordinated debt		25,037
Amortization of debt issuance costs	39
Net change in FHLB advances	55,000	(9,000)
Proceeds from exercise of options	283	258
Dividends paid on common stock	(1,131)
Dividends paid on preferred stock		(82)
Net cash provided by financing activities	224,240	206,569
Net increase in cash and cash equivalents	7,491	38,271
Cash and cash equivalents:
Beginning of year	88,597	48,559
End of period	96,088	86,830
Cash paid for:
Interest	8,429	4,825
Income taxes	$ 6,379	5,076
Noncash investing and financing activities
Loans transferred to foreclosed real estate		$ 883

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 “ ” “ ” “ ” “ ” “ ” “ ” “ ” “ ” 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 ( “ ” 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 ( “ ” 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 ( “ ” 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 operations or consolidated financial position. 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): “ ” ’ ’ ASU No. 2015-03, Interest Imputation of Interest (Subtopic 835-20): “ ” ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): “ ” “ ” ’ ASU 2016-02, Leases (Topic 842). ’ ASU 2016-09, Compensation Stock – Compensation (Topic 718): “ ” ’ ’ ’ ’ ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments “ ” ’ “ ” ’ ASU No. 2016-15, Statement of Cash Flows (Topic 230): “ ” ’

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 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 September 30, 2016 were as follows: September 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 $ 53,980 $ 600 $ (1 ) $ 54,579 Due after ten years 100 - (1 ) 99 54,080 600 (2 ) 54,678 State agency, U.S. Territories and municipal obligations Due from one through five years 826 44 - 870 Due from five through ten years 10,216 517 (248 ) 10,485 Due after ten years 4,923 292 (10 ) 5,205 15,965 853 (258 ) 16,560 Corporate bonds Due in less than one year 2,023 21 - 2,044 Due from one through five years 9,165 305 - 9,470 11,188 326 - 11,514 Total available for sale securities $ 81,233 $ 1,779 $ (260 ) $ 82,752 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 13,614 - - 13,614 15,749 - - 15,749 Corporate bonds Due from one through five years 1,000 - (25 ) 975 Government-sponsored mortgage backed securities No contractual maturity 160 17 - 177 Total held to maturity securities $ 16,909 $ 17 $ (25 ) $ 16,901 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 nine months ended September 30, 2016. There were no sales of or realized gains or losses on investment securities during the three months ended September 30, 2016 and the three and nine months ended September 30, 2015. At September 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 September 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) September 30, 2016 U.S. Government and agency obligations $ 1,098 $ (2 ) $ - $ - $ 1,098 $ (2 ) State agency, U.S. Territories and municipal obligations 402 (10 ) 748 (248 ) 1,150 (258 ) Corporate bonds 975 (25 ) - - 975 (25 ) Total investment securities $ 2,475 $ (37 ) $ 748 $ (248 ) $ 3,223 $ (285 ) 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 5 and 29 investment securities as of September 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 U.S. Government and agency obligations owned are either direct obligations of the U.S. Government or are issued by one of the shareholder-owned corporations chartered by the U.S. Government, therefore the contractual cash flows are guaranteed and as a result the unrealized losses in this portfolio are not considered other than temporarily impaired. The Company continually monitors its state agency, 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 $747.5 thousand as of September 30, 2016 that is rated two levels below investment grade. The Company has determined that the unrealized loss on this U.S. Territory bond is, as of September 30, 2016, not other than temporarily impaired because payments are backed by a senior lien position on dedicated cash receipts from sales tax revenue with strong debt service coverage. Subsequent to September 30, 2016, on November 2, 2016, the Company sold the COFINA bond resulting in a $251.6 thousand realized loss.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 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 “ ” “ ” The following table sets forth a summary of the loan portfolio at September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 176,206 $ 2,790 $ 178,996 $ 174,311 $ 2,873 $ 177,184 Commercial 770,237 46,769 817,006 643,524 54,018 697,542 Construction 104,801 114 104,915 81,242 1,031 82,273 Home equity 8,791 6,259 15,050 9,146 6,780 15,926 1,060,035 55,932 1,115,967 908,223 64,702 972,925 Commercial business 188,705 19,895 208,600 150,479 22,374 172,853 Consumer 618 1,042 1,660 117 1,618 1,735 Total loans 1,249,358 76,869 1,326,227 1,058,819 88,694 1,147,513 Allowance for loan losses (17,215 ) (35 ) (17,250 ) (14,128 ) (41 ) (14,169 ) Deferred loan origination fees, net (3,921 ) - (3,921 ) (3,605 ) - (3,605 ) Unamortized loan premiums 9 - 9 9 - 9 Loans receivable, net $ 1,228,231 $ 76,834 $ 1,305,065 $ 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 September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Balance at beginning of period $ 733 $ 1,134 $ 871 $ 1,382 Acquisition - - - - Accretion (36 ) (21 ) (123 ) (137 ) Other (a) - (145 ) (51 ) (277 ) Balance at end of period $ 697 $ 968 $ 697 $ 968 a) Represents changes in cash flows expected to be collected due to loan sales or payoffs. Risk management The Company has established credit policies applicable to each type of lending activity in which it engages. The Company evaluates the creditworthiness of each customer and extends credit of up to 80% of the market value of the collateral, depending on the borrowers’ creditworthiness and the type of collateral. The borrower ’ ’ ’ 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 develops and documents a systematic method for determining its allowance for loan losses. The portfolio segments are segregated based on loan types and the underlying risk factors present in each loan type. Such risk factors are periodically reviewed by management and revised as deemed appropriate. The Company’s loan portfolio is segregated into the following portfolio segments: Residential Real Estate: Commercial Real Estate: Construction Home Equity Commercial Business: Consumer: Allowance for loan losses The following tables set forth the activity in the Company ’ Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Three Months Ended September 30, 2016 Originated Beginning balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Charge-offs - - - - (59 ) (2 ) (61 ) Recoveries - - - - - 2 2 Provisions (4 ) 472 159 (9 ) 306 311 1,235 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Charge-offs - - - - (10 ) - (10 ) Recoveries - - - - - - - Provisions - 6 - (11 ) (11 ) - (16 ) Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Charge-offs - - - - (69 ) (2 ) (71 ) Recoveries - - - - - 2 2 Provisions (4 ) 478 159 (20 ) 295 311 1,219 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Three Months Ended September 30, 2015 Originated Beginning balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,618 $ 9 $ 12,220 Charge-offs - - - - - - - Recoveries - - - - - 1 1 Provisions (40 ) 722 399 11 369 (7 ) 1,454 Ending balance $ 1,414 $ 7,554 $ 1,537 $ 180 $ 2,987 $ 3 $ 13,675 Acquired Beginning balance $ - $ - $ - $ - $ 10 $ - $ 10 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions - 10 - - 20 5 35 Ending balance $ - $ 10 $ - $ - $ 30 $ 5 $ 45 Total Beginning balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,628 $ 9 $ 12,230 Charge-offs - - - - - - - Recoveries - - - - - 1 1 Provisions (40 ) 732 399 11 389 (2 ) 1,489 Ending balance $ 1,414 $ 7,564 $ 1,537 $ 180 $ 3,017 $ 8 $ 13,720 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Nine Months Ended September 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - (59 ) (10 ) (69 ) Recoveries - - - - - 7 7 Provisions 36 1,404 575 (4 ) 788 350 3,149 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - (10 ) (6 ) (23 ) Recoveries - - - - - - - Provisions - 17 7 - (11 ) 4 17 Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - (69 ) (16 ) (92 ) Recoveries - - - - - 7 7 Provisions 36 1,421 582 (4 ) 777 354 3,166 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Nine Months Ended September 30, 2015 Originated Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - - - - Recoveries - - - - - 1 1 Provisions (17 ) 2,074 435 (25 ) 349 (2 ) 2,814 Ending balance $ 1,414 $ 7,554 $ 1,537 $ 180 $ 2,987 $ 3 $ 13,675 Acquired Beginning balance $ - $ - $ - $ - $ - $ - $ - Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 4 4 Provisions - 10 - - 45 7 62 Ending balance $ - $ 10 $ - $ - $ 30 $ 5 $ 45 Total Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 5 5 Provisions (17 ) 2,084 435 (25 ) 394 5 2,876 Ending balance $ 1,414 $ 7,564 $ 1,537 $ 180 $ 3,017 $ 8 $ 13,720 The following tables are a summary, by portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio balances at September 30, 2016 and December 31, 2015: Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) September 30, 2016 Loans individually evaluated for impairment: Residential real estate $ 969 $ - $ - $ - $ 969 $ - Commercial real estate 3,684 2 563 7 4,247 9 Home equity 263 - 454 - 717 - Commercial business 576 5 1,213 3 1,789 8 Consumer 341 341 3 3 344 344 Subtotal 5,833 348 2,233 13 8,066 361 Loans collectively evaluated for impairment: Residential real estate 175,237 1,480 2,790 - 178,027 1,480 Commercial real estate 766,553 9,095 46,206 22 812,759 9,117 Construction 104,801 2,079 114 - 104,915 2,079 Home equity 8,528 170 5,805 - 14,333 170 Commercial business 188,129 4,034 18,682 - 206,811 4,034 Consumer 277 9 1,039 - 1,316 9 Subtotal 1,243,525 16,867 74,636 22 1,318,161 16,889 Total $ 1,249,358 $ 17,215 $ 76,869 $ 35 $ 1,326,227 $ 17,250 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 September 30, 2016 and December 31, 2015: Commercial Credit Quality Indicators At September 30, 2016 At December 31, 2015 Commercial Commercial Commercial Commercial Real Estate Construction Business Total Real Estate Construction Business Total (In thousands) Originated loans: Pass $ 762,916 $ 104,801 $ 186,984 $ 1,054,701 $ 638,709 $ 81,242 $ 148,748 $ 868,699 Special mention 3,637 - 1,262 4,899 1,595 - 1,118 2,713 Substandard 3,684 - 459 4,143 3,220 - 549 3,769 Doubtful - - - - - - - - Loss - - - - - - 64 64 Total originated loans 770,237 104,801 188,705 1,063,743 643,524 81,242 150,479 875,245 Acquired loans: Pass 43,770 114 18,962 62,846 52,427 230 20,794 73,451 Special mention 1,847 - 162 2,009 - - 598 598 Substandard 1,152 - 771 1,923 1,591 801 982 3,374 Doubtful - - - - - - - - Loss - - - - - - - - Total acquired loans 46,769 114 19,895 66,778 54,018 1,031 22,374 77,243 Total loans: Pass 806,686 104,915 205,946 1,117,547 691,136 81,472 169,542 942,150 Special mention 5,484 - 1,424 6,908 1,595 - 1,716 3,311 Substandard 4,836 - 1,230 6,066 4,811 801 1,531 7,143 Doubtful - - - - - - - - Loss - - - - - - 64 64 Total loans $ 817,006 $ 104,915 $ 208,600 $ 1,130,521 $ 697,542 $ 82,273 $ 172,853 $ 952,668 Residential and Consumer Credit Quality Indicators At September 30, 2016 At December 31, 2015 Residential Residential Real Estate Home Equity Consumer Total Real Estate Home Equity Consumer Total (In thousands) Originated loans: Pass $ 175,237 $ 8,528 $ 277 $ 184,042 $ 172,478 $ 8,725 $ 117 $ 181,320 Special mention - 72 - 72 864 80 - 944 Substandard 969 191 - 1,160 969 341 - 1,310 Doubtful - - - - - - - - Loss - - 341 341 - - - - Total originated loans 176,206 8,791 618 185,615 174,311 9,146 117 183,574 Acquired loans: Pass 2,790 5,805 1,039 9,634 2,873 6,545 1,539 10,957 Special mention - - - - - - - - Substandard - 454 3 457 - 235 79 314 Doubtful - - - - - - - - Loss - - - - - - - - Total acquired loans 2,790 6,259 1,042 10,091 2,873 6,780 1,618 11,271 Total loans: Pass 178,027 14,333 1,316 193,676 175,351 15,270 1,656 192,277 Special mention - 72 - 72 864 80 - 944 Substandard 969 645 3 1,617 969 576 79 1,624 Doubtful - - - - - - - - Loss - - 341 341 - - - - Total loans $ 178,996 $ 15,050 $ 1,660 $ 195,706 $ 177,184 $ 15,926 $ 1,735 $ 194,845 Loan portfolio aging analysis When a loan is 15 days past due, the Company sends the borrower a late notice. The Company also contacts the borrower by phone if the delinquency is not corrected promptly after the notice has been sent. When the loan is 30 days past due, the Company mails the borrower a letter reminding the borrower of the delinquency, and attempts to contact the borrower personally to determine the reason for the delinquency and ensure the borrower understands the terms of the loan. If necessary, subsequent delinquency notices are issued and the account will be monitored on a regular basis thereafter. By the 90th day of delinquency, the Company will send the borrower a final demand for payment or may take other appropriate legal action. A summary report of all loans 30 days or more past due is provided to the board of directors of the Company each month. Loans greater than 90 days past due are generally put on nonaccrual status. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. A loan is considered to be no longer delinquent when timely payments are made for a period of at least six months (one year for loans providing for quarterly or semi-annual payments) by the borrower in accordance with the contractual terms. The following tables set forth certain information with respect to our loan portfolio delinquencies by portfolio segment and amount as of September 30, 2016 and December 31, 2015: As of September 30, 2016 Greater 31-60 Days 61-90 Days Than 90 Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 175,237 $ 176,206 Commercial real estate 303 - - 303 769,934 770,237 Construction - - - - 104,801 104,801 Home equity 132 - - 132 8,659 8,791 Commercial business 941 - - 941 187,764 188,705 Consumer 341 - - 341 277 618 Total originated loans 1,717 - 969 2,686 1,246,672 1,249,358 Acquired Loans Real estate loans: Residential real estate - - - - 2,790 2,790 Commercial real estate 167 - 563 730 46,039 46,769 Construction - - - - 114 114 Home equity - - 454 454 5,805 6,259 Commercial business 134 52 - 186 19,709 19,895 Consumer 17 - - 17 1,025 1,042 Total acquired loans 318 52 1,017 1,387 75,482 76,869 Total loans $ 2,035 $ 52 $ 1,986 $ 4,073 $ 1,322,154 $ 1,326,227 As of December 31, 2015 Greater 31-60 Days 61-90 Days Than 90 Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 173,342 $ 174,311 Commercial real estate - 311 - 311 643,213 643,524 Construction - - - - 81,242 81,242 Home equity 198 - - 198 8,948 9,146 Commercial business 1,078 100 343 1,521 148,958 150,479 Consumer - - - - 117 117 Total originated loans 1,276 411 1,312 2,999 1,055,820 1,058,819 Acquired Loans Real estate loans: Residential real estate - - - - 2,873 2,873 Commercial real estate 333 - 762 1,095 52,923 54,018 Construction - - 801 801 230 1,031 Home equity 100 162 191 453 6,327 6,780 Commercial business 262 71 101 434 21,940 22,374 Consumer 17 - - 17 1,601 1,618 Total acquired loans 712 233 1,855 2,800 85,894 88,694 Total loans $ 1,988 $ 644 $ 3,167 $ 5,799 $ 1,141,714 $ 1,147,513 There were no loans delinquent greater than 90 days and still accruing as of September 30, 2016 and there were $1.1 million of loans delinquent greater than 90 days and still accruing as of December 31, 2015. Loans on nonaccrual status The following is a summary of nonaccrual loans by portfolio segment as of September 30, 2016 and December 31, 2015: September 30, December 31, 2016 2015 (In thousands) Residential real estate $ 969 $ 970 Commercial real estate 1,104 1,264 Home equity 645 395 Commercial business 585 1,160 Consumer 341 2 Total $ 3,644 $ 3,791 The amount of income that was contractually due but not recognized on originated nonaccrual loans totaled $15 thousand and $38 thousand, respectively for the three months ended September 30, 2016, and 2015. The amount of income that was contractually due but not recognized on originated nonaccrual loans totaled $39 thousand and $110 thousand, respectively for the nine months ended September 30, 2016, and 2015. There was no and $3 thousand actual interest income recognized on these loans for the nine months ended September 30, 2016, and 2015, respectively. At September 30, 2016 and December 31, 2015, there were no and $169 thousand of commitments to lend additional funds to any borrower on nonaccrual status, respectively. The preceding table excludes acquired loans that are accounted for as purchased credit impaired loans totaling $0.0 million and $1.1 million, respectively at September 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 September 30, 2016 and December 31, 2015: Carrying Amount Unpaid Principal Balance Associated Allowance September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 969 $ 969 $ 969 $ - $ - Commercial real estate 3,202 4,291 3,202 4,291 - - Home equity 263 422 272 424 - - Commercial business 182 1,351 182 1,372 - - Total impaired loans without a valuation allowance 4,616 7,033 4,625 7,056 - - Impaired loans with a valuation allowance: Residential real estate - 864 - 864 - 2 Commercial real estate 482 - 482 - 2 - Commercial business 394 626 394 690 5 71 Consumer 341 - 341 - 341 - Total impaired loans with a valuation allowance 1,217 1,490 1,217 1,554 348 73 Total originated impaired loans $ 5,833 $ 8,523 $ 5,842 $ 8,610 $ 348 $ 73 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 420 $ 611 $ 534 $ 678 $ - $ - Home equity 454 197 462 200 - - Commercial business 865 963 881 963 - - Total impaired loans without a valuation allowance 1,739 1,771 1,877 1,841 - - Impaired loans with a valuation allowance: Commercial Real Estate 143 151 143 151 7 12 Commercial business 348 470 348 480 3 21 Consumer 3 7 3 7 3 5 Total impaired loans with a valuation allowance 494 628 494 638 13 38 Total acquired impaired loans $ 2,233 $ 2,399 $ 2,371 $ 2,479 $ 13 $ 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 September 30, 2016 and December 31, 2015: Average Recorded Investment Interest Income Recognized September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 973 $ - $ 27 Commercial real estate 3,217 4,308 77 124 Home equity 270 429 2 10 Commercial business 216 1,374 10 49 Total impaired loans without a valuation allowance 4,672 7,084 89 210 Impaired loans with a valuation allowance: Residential real estate - 864 - 28 Commercial real estate 496 - 18 - Commercial business 431 673 17 34 Consumer 343 - - - Total impaired loans with a valuation allowance 1,270 1,537 35 62 Total originated impaired loans $ 5,942 $ 8,621 $ 124 $ 272 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 442 $ 602 $ - $ 6 Home equity 457 198 3 2 Commercial business 914 999 32 54 Total impaired loans without a valuation allowance 1,813 1,799 35 62 Impaired loans with a valuation allowance: Commercial real estate 144 151 - 3 Commercial business 361 506 16 14 Consumer 3 7 1 1 Total impaired loans with a valuation allowance 508 664 17 18 Total acquired impaired loans $ 2,321 $ 2,463 $ 52 $ 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. The recorded investment in TDRs was $4.7 million at September 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 September 30, Commercial real estate - - $ - $ - $ - $ - Commercial business 1 - 65 - 65 - Total 1 - $ 65 $ - $ 65 $ - Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2016 2015 2016 2015 2016 2015 Nine Months Ended September 30, Commercial real estate - 3 $ - $ 4,044 $ - $ 4,044 Commercial business 3 1 324 44 324 44 Total 3 4 $ 324 $ 4,088 $ 324 $ 4,088 All TDRs at September 30, 2016 and December 31, 2015 were performing in compliance with their modified terms, except for two non-accrual loans totaling $1.0 million at September 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 nine months ended September 30, 2016 and 2015. Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (In thousands) (In thousands) Maturity/amortization concession $ - $ - $ - $ 825 Maturity concession 65 - 324 - Maturity and payment concession - - - 3,263 Total $ 65 $ - $ 324 $ 4,088 There were no loans modified in a troubled debt restructuring, for which there was a payment default during the three and nine months ended September 30, 2016 and 2015, respectively.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Sep. 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 ( “ ” Prior to the public offering, the Company issued shares in various offerings. Preferred stock In 2011, the Company elected to participate in the Treasury ’ “ ” The Company sold 10,980 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series C, no par (the “ ” 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 ’ ’ Warrants Bank of New Canaan ’ “ ” 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 ’ Dividends The Company ’ ’ On January 27, 2016 the Company ’ ’ ’ The Company did not repurchase any of its common stock during 2016 or 2015.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	9 Months Ended
	Sep. 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 ’ The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax for the three and nine months ended September 30, 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 June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Other comprehensive (loss) income before reclassifications (241 ) 588 347 Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income (241 ) 588 347 Balance at September 30, 2016 $ 986 $ (923 ) $ 63 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at June 30, 2015 $ 368 $ (255 ) $ 113 Other comprehensive income (loss) before reclassifications 116 (504 ) (388 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive income (loss) 116 (504 ) (388 ) Balance at September 30, 2015 $ 484 $ (759 ) $ (275 ) 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 673 (745 ) (72 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 581 (745 ) (164 ) Balance at September 30, 2016 $ 986 $ (923 ) $ 63 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 (160 ) (646 ) (806 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive loss (160 ) (646 ) (806 ) Balance at September 30, 2015 $ 484 $ (759 ) $ (275 )

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	6. Earnings per Share Basic earnings per share ( “ ” The Company ’ The following is a reconciliation of earnings available to common shareholders and basic weighted average common shares outstanding to diluted weighted average common shares outstanding, reflecting the application of the two-class method: Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (In thousands, except per share data) (In thousands, except per share data) Net income $ 3,140 $ 2,253 $ 9,027 $ 6,412 Preferred stock dividends - (27 ) - (82 ) Dividends to participating securities (6 ) - (18 ) - Undistributed earnings allocated to participating securities (56 ) (63 ) (155 ) (170 ) Net income for earnings per share calculation $ 3,078 $ 2,163 $ 8,854 $ 6,160 Weighted average shares outstanding, basic 7,397 7,045 7,388 7,039 Effect of dilutive equity-based awards 92 14 71 18 Weighted average shares outstanding, diluted 7,489 7,059 7,459 7,057 Net earnings per common share: Basic earnings per common share $ 0.42 $ 0.31 $ 1.20 $ 0.88 Diluted earnings per common share 0.41 0.31 1.19 0.87

REGULATORY MATTERS

REGULATORY MATTERS	9 Months Ended
	Sep. 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 new capital rules set forth by the Federal Reserve, the FDIC and the other federal and state bank regulatory agencies. The capital rules revise the banking agencies ’ 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 “ ” 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 ’ “ ” 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 ’ Management believes, as of September 30, 2016, the Bank and Company meet all capital adequacy requirements to which they are subject and satisfies the criteria for a “ ” The capital amounts and ratios for the Bank and the Company at September 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 September 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 153,398 11.64 % $ 59,309 4.50 % $ 85,669 6.50 % Total Capital to Risk-Weighted Assets 169,886 12.89 % 105,439 8.00 % 131,799 10.00 % Tier I Capital to Risk-Weighted Assets 153,398 11.64 % 79,079 6.00 % 105,439 8.00 % Tier I Capital to Average Assets 153,398 10.45 % 58,706 4.00 % 73,383 5.00 % Bankwell Financial Group, Inc. September 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 136,858 10.34 % $ 59,538 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 178,447 13.49 % 105,845 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 136,858 10.34 % 79,384 6.00 % N/A N/A Tier I Capital to Average Assets 136,858 9.14 % 59,908 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 ’

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 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 “ ” “ ” Stock Options There were no options granted during the nine months ended September 30, 2016. A summary of the status of outstanding share options as of and for the nine months ended September 30, 2016 is presented below: Nine Months Ended September 30, 2016 Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 195,928 $ 18.07 Exercised (17,600 ) 16.09 Expired (10,820 ) 17.85 Options outstanding at end of period 167,508 18.29 Options exercisable at end of period 166,058 18.32 Intrinsic value is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date. The total intrinsic value of share options exercised during the nine months ended September 30, 2016 was $72 thousand. Restricted Stock The following table presents the activity for restricted stock for the nine months ended September 30, 2016: Nine Months Ended September 30, 2016 Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 143,323 $ 15.92 Granted 29,300 22.30 Vested (11,232 ) 16.04 Forfeited (683 ) 20.04 Unvested at end of period 160,708 18.55 The Company's restricted stock expense for the nine months ended September 30, 2016 and 2015 was $781 thousand and $796 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	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	9. Derivative Instruments Information about derivative instruments at September 30, 2016 and December 31, 2015 is as follows: September 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 3-month LIBOR 1.62 % $ (347 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.83 % (618 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.48 % (367 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.22 % (92 ) $ (1,424 ) 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 3-month LIBOR 1.62 % $ (181 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.83 % (276 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 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 nine months ended September 30, 2016 and 2015: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2016 2015 2016 2015 Interest rate swap on FHLB advance: Unrealized gains (losses) recognized in accumulated other comprehensive income $ 904 $ (826 ) $ (1,147 ) $ (1,058 ) Income tax (expense) benefit on items recognized in accumulated other comprehensive income (316 ) 322 402 412 Other comprehensive income (loss) $ 588 $ (504 ) $ (745 ) $ (646 ) Interest expense recognized on hedged FHLB advance $ 386 $ 253 $ 999 $ 681

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 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 September 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 September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 94,731 $ 94,731 $ 94,731 $ - $ - Federal funds sold 1,357 1,357 1,357 - - Available for sale securities 82,752 82,752 - 82,752 - Held to maturity securities 16,909 16,901 - 16,901 - Loans held for sale 400 400 - 400 - Loans receivable, net 1,305,065 1,318,755 - - 1,318,755 Accrued interest receivable 4,499 4,499 - - 4,499 FHLB stock 7,943 7,943 - - 7,943 Financial Liabilities: Demand deposits $ 176,405 $ 176,405 $ - $ - $ 176,405 NOW and money market 382,484 382,484 - - 382,484 Savings 63,501 63,501 - - 63,501 Time deposits 594,552 597,417 - - 597,417 Advances from the FHLB 175,000 175,652 - - 175,652 Subordinated debentures 25,038 23,252 - - 23,252 Derivative liability 1,424 1,424 - 1,424 - 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 held for sale: Loans receivable Derivative asset (liability): ’ Deposits: Borrowings and Subordinated Debentures: ’

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 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 Significant other observable inputs other than Level 1 prices such as quoted prices for similar as s Level Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability. Valuation techniques based on unobservable inputs are highly subjective and require judgments regarding significant matters such as the amount and timing of future cash flows and the selection of discount rates that may appropriately reflect market and credit risks. Changes in these judgments often have a material impact on the fair value estimates. In addition, since these estimates are as of a specific point in time they are susceptible to material near-term changes. Financial instruments measured at fair value on a recurring basis The following tables detail the financial instruments carried at fair value on a recurring basis at September 30, 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 nine months ended September 30, 2016 and the year ended December 31, 2015. Fair Value (In thousands) Level 1 Level 2 Level 3 September 30, 2016: Available for sale investment securities: U.S. Government and agency obligations $ - $ 54,678 $ - State agency, U.S. territories and municipal obligations - 16,560 - Corporate bonds - 11,514 - Derivative liability - (1,424 ) - 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 September 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 September 30, 2016: Impaired loans $ - $ - $ 8,066 Foreclosed real estate - - 272 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 September 30, 2016 and December 31, 2015: Valuation (Dollars in thousands) Fair Value Methodology Unobservable Input Range September 30, 2016: Impaired loans $ 8,066 Appraisals Discount to appraised value 8.00% to 18.00% Discounted cash flows Discount rate 4.25% to 6.25% Foreclosed real estate $ 272 Appraisals Discount to appraised value 20.00% December 31, 2015: Impaired loans $ 10,922 Appraisals Discount to appraised value 8.00% to 10.00% Discounted cash flows Discount rate 3.25% to 7.00% Foreclosed real estate $ 1,248 Appraisals Discount to appraised value 10.0% to 25.0% Impaired loans: Foreclosed real estate:

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	9 Months Ended
	Sep. 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 “ ” 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 as well as providing equity capital to the Bank. The Notes were assigned an investment grade rating of BBB by Kroll Bond Rating Agency, which was reaffirmed in the third quarter of 2016.

NATURE OF OPERATIONS AND SUMM21

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 ( “ ”
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 ( “ ”
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 operations or consolidated financial position.
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): “ ” ’ ’ ASU No. 2015-03, Interest Imputation of Interest (Subtopic 835-20): “ ” ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): “ ” “ ” ’ ASU 2016-02, Leases (Topic 842). ’ ASU 2016-09, Compensation Stock – Compensation (Topic 718): “ ” ’ ’ ’ ’ ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments “ ” ’ “ ” ’ ASU No. 2016-15, Statement of Cash Flows (Topic 230): “ ” ’

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 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	September 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 $ 53,980 $ 600 $ (1 ) $ 54,579 Due after ten years 100 - (1 ) 99 54,080 600 (2 ) 54,678 State agency, U.S. Territories and municipal obligations Due from one through five years 826 44 - 870 Due from five through ten years 10,216 517 (248 ) 10,485 Due after ten years 4,923 292 (10 ) 5,205 15,965 853 (258 ) 16,560 Corporate bonds Due in less than one year 2,023 21 - 2,044 Due from one through five years 9,165 305 - 9,470 11,188 326 - 11,514 Total available for sale securities $ 81,233 $ 1,779 $ (260 ) $ 82,752 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 13,614 - - 13,614 15,749 - - 15,749 Corporate bonds Due from one through five years 1,000 - (25 ) 975 Government-sponsored mortgage backed securities No contractual maturity 160 17 - 177 Total held to maturity securities $ 16,909 $ 17 $ (25 ) $ 16,901 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) September 30, 2016 U.S. Government and agency obligations $ 1,098 $ (2 ) $ - $ - $ 1,098 $ (2 ) State agency, U.S. Territories and municipal obligations 402 (10 ) 748 (248 ) 1,150 (258 ) Corporate bonds 975 (25 ) - - 975 (25 ) Total investment securities $ 2,475 $ (37 ) $ 748 $ (248 ) $ 3,223 $ (285 ) 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)	9 Months Ended
	Sep. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of summary of the loan portfolio	September 30, 2016 December 31, 2015 (In thousands) Originated Acquired Total Originated Acquired Total Real estate loans: Residential $ 176,206 $ 2,790 $ 178,996 $ 174,311 $ 2,873 $ 177,184 Commercial 770,237 46,769 817,006 643,524 54,018 697,542 Construction 104,801 114 104,915 81,242 1,031 82,273 Home equity 8,791 6,259 15,050 9,146 6,780 15,926 1,060,035 55,932 1,115,967 908,223 64,702 972,925 Commercial business 188,705 19,895 208,600 150,479 22,374 172,853 Consumer 618 1,042 1,660 117 1,618 1,735 Total loans 1,249,358 76,869 1,326,227 1,058,819 88,694 1,147,513 Allowance for loan losses (17,215 ) (35 ) (17,250 ) (14,128 ) (41 ) (14,169 ) Deferred loan origination fees, net (3,921 ) - (3,921 ) (3,605 ) - (3,605 ) Unamortized loan premiums 9 - 9 9 - 9 Loans receivable, net $ 1,228,231 $ 76,834 $ 1,305,065 $ 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 September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Balance at beginning of period $ 733 $ 1,134 $ 871 $ 1,382 Acquisition - - - - Accretion (36 ) (21 ) (123 ) (137 ) Other (a) - (145 ) (51 ) (277 ) Balance at end of period $ 697 $ 968 $ 697 $ 968 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 September 30, 2016 Originated Beginning balance $ 1,484 $ 8,625 $ 1,920 $ 179 $ 3,792 $ 39 $ 16,039 Charge-offs - - - - (59 ) (2 ) (61 ) Recoveries - - - - - 2 2 Provisions (4 ) 472 159 (9 ) 306 311 1,235 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 23 $ - $ 11 $ 24 $ 3 $ 61 Charge-offs - - - - (10 ) - (10 ) Recoveries - - - - - - - Provisions - 6 - (11 ) (11 ) - (16 ) Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,484 $ 8,648 $ 1,920 $ 190 $ 3,816 $ 42 $ 16,100 Charge-offs - - - - (69 ) (2 ) (71 ) Recoveries - - - - - 2 2 Provisions (4 ) 478 159 (20 ) 295 311 1,219 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Three Months Ended September 30, 2015 Originated Beginning balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,618 $ 9 $ 12,220 Charge-offs - - - - - - - Recoveries - - - - - 1 1 Provisions (40 ) 722 399 11 369 (7 ) 1,454 Ending balance $ 1,414 $ 7,554 $ 1,537 $ 180 $ 2,987 $ 3 $ 13,675 Acquired Beginning balance $ - $ - $ - $ - $ 10 $ - $ 10 Charge-offs - - - - - - - Recoveries - - - - - - - Provisions - 10 - - 20 5 35 Ending balance $ - $ 10 $ - $ - $ 30 $ 5 $ 45 Total Beginning balance $ 1,454 $ 6,832 $ 1,138 $ 169 $ 2,628 $ 9 $ 12,230 Charge-offs - - - - - - - Recoveries - - - - - 1 1 Provisions (40 ) 732 399 11 389 (2 ) 1,489 Ending balance $ 1,414 $ 7,564 $ 1,537 $ 180 $ 3,017 $ 8 $ 13,720 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Nine Months Ended September 30, 2016 Originated Beginning balance $ 1,444 $ 7,693 $ 1,504 $ 174 $ 3,310 $ 3 $ 14,128 Charge-offs - - - - (59 ) (10 ) (69 ) Recoveries - - - - - 7 7 Provisions 36 1,404 575 (4 ) 788 350 3,149 Ending balance $ 1,480 $ 9,097 $ 2,079 $ 170 $ 4,039 $ 350 $ 17,215 Acquired Beginning balance $ - $ 12 $ - $ - $ 24 $ 5 $ 41 Charge-offs - - (7 ) - (10 ) (6 ) (23 ) Recoveries - - - - - - - Provisions - 17 7 - (11 ) 4 17 Ending balance $ - $ 29 $ - $ - $ 3 $ 3 $ 35 Total Beginning balance $ 1,444 $ 7,705 $ 1,504 $ 174 $ 3,334 $ 8 $ 14,169 Charge-offs - - (7 ) - (69 ) (16 ) (92 ) Recoveries - - - - - 7 7 Provisions 36 1,421 582 (4 ) 777 354 3,166 Ending balance $ 1,480 $ 9,126 $ 2,079 $ 170 $ 4,042 $ 353 $ 17,250 Residential Commercial Home Commercial Real Estate Real Estate Construction Equity Business Consumer Total (In thousands) Nine Months Ended September 30, 2015 Originated Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - - - - Recoveries - - - - - 1 1 Provisions (17 ) 2,074 435 (25 ) 349 (2 ) 2,814 Ending balance $ 1,414 $ 7,554 $ 1,537 $ 180 $ 2,987 $ 3 $ 13,675 Acquired Beginning balance $ - $ - $ - $ - $ - $ - $ - Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 4 4 Provisions - 10 - - 45 7 62 Ending balance $ - $ 10 $ - $ - $ 30 $ 5 $ 45 Total Beginning balance $ 1,431 $ 5,480 $ 1,102 $ 205 $ 2,638 $ 4 $ 10,860 Charge-offs - - - - (15 ) (6 ) (21 ) Recoveries - - - - - 5 5 Provisions (17 ) 2,084 435 (25 ) 394 5 2,876 Ending balance $ 1,414 $ 7,564 $ 1,537 $ 180 $ 3,017 $ 8 $ 13,720
Schedule of portfolio segment and impairment methodology, of the allowance for loan losses and related portfolio	Originated Loans Acquired Loans Total Portfolio Allowance Portfolio Allowance Portfolio Allowance (In thousands) September 30, 2016 Loans individually evaluated for impairment: Residential real estate $ 969 $ - $ - $ - $ 969 $ - Commercial real estate 3,684 2 563 7 4,247 9 Home equity 263 - 454 - 717 - Commercial business 576 5 1,213 3 1,789 8 Consumer 341 341 3 3 344 344 Subtotal 5,833 348 2,233 13 8,066 361 Loans collectively evaluated for impairment: Residential real estate 175,237 1,480 2,790 - 178,027 1,480 Commercial real estate 766,553 9,095 46,206 22 812,759 9,117 Construction 104,801 2,079 114 - 104,915 2,079 Home equity 8,528 170 5,805 - 14,333 170 Commercial business 188,129 4,034 18,682 - 206,811 4,034 Consumer 277 9 1,039 - 1,316 9 Subtotal 1,243,525 16,867 74,636 22 1,318,161 16,889 Total $ 1,249,358 $ 17,215 $ 76,869 $ 35 $ 1,326,227 $ 17,250 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 September 30, 2016 At December 31, 2015 Commercial Commercial Commercial Commercial Real Estate Construction Business Total Real Estate Construction Business Total (In thousands) Originated loans: Pass $ 762,916 $ 104,801 $ 186,984 $ 1,054,701 $ 638,709 $ 81,242 $ 148,748 $ 868,699 Special mention 3,637 - 1,262 4,899 1,595 - 1,118 2,713 Substandard 3,684 - 459 4,143 3,220 - 549 3,769 Doubtful - - - - - - - - Loss - - - - - - 64 64 Total originated loans 770,237 104,801 188,705 1,063,743 643,524 81,242 150,479 875,245 Acquired loans: Pass 43,770 114 18,962 62,846 52,427 230 20,794 73,451 Special mention 1,847 - 162 2,009 - - 598 598 Substandard 1,152 - 771 1,923 1,591 801 982 3,374 Doubtful - - - - - - - - Loss - - - - - - - - Total acquired loans 46,769 114 19,895 66,778 54,018 1,031 22,374 77,243 Total loans: Pass 806,686 104,915 205,946 1,117,547 691,136 81,472 169,542 942,150 Special mention 5,484 - 1,424 6,908 1,595 - 1,716 3,311 Substandard 4,836 - 1,230 6,066 4,811 801 1,531 7,143 Doubtful - - - - - - - - Loss - - - - - - 64 64 Total loans $ 817,006 $ 104,915 $ 208,600 $ 1,130,521 $ 697,542 $ 82,273 $ 172,853 $ 952,668 Residential and Consumer Credit Quality Indicators At September 30, 2016 At December 31, 2015 Residential Residential Real Estate Home Equity Consumer Total Real Estate Home Equity Consumer Total (In thousands) Originated loans: Pass $ 175,237 $ 8,528 $ 277 $ 184,042 $ 172,478 $ 8,725 $ 117 $ 181,320 Special mention - 72 - 72 864 80 - 944 Substandard 969 191 - 1,160 969 341 - 1,310 Doubtful - - - - - - - - Loss - - 341 341 - - - - Total originated loans 176,206 8,791 618 185,615 174,311 9,146 117 183,574 Acquired loans: Pass 2,790 5,805 1,039 9,634 2,873 6,545 1,539 10,957 Special mention - - - - - - - - Substandard - 454 3 457 - 235 79 314 Doubtful - - - - - - - - Loss - - - - - - - - Total acquired loans 2,790 6,259 1,042 10,091 2,873 6,780 1,618 11,271 Total loans: Pass 178,027 14,333 1,316 193,676 175,351 15,270 1,656 192,277 Special mention - 72 - 72 864 80 - 944 Substandard 969 645 3 1,617 969 576 79 1,624 Doubtful - - - - - - - - Loss - - 341 341 - - - - Total loans $ 178,996 $ 15,050 $ 1,660 $ 195,706 $ 177,184 $ 15,926 $ 1,735 $ 194,845
Schedule of information with respect to our loan portfolio delinquencies by portfolio segment and amount	As of September 30, 2016 Greater 31-60 Days 61-90 Days Than 90 Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 175,237 $ 176,206 Commercial real estate 303 - - 303 769,934 770,237 Construction - - - - 104,801 104,801 Home equity 132 - - 132 8,659 8,791 Commercial business 941 - - 941 187,764 188,705 Consumer 341 - - 341 277 618 Total originated loans 1,717 - 969 2,686 1,246,672 1,249,358 Acquired Loans Real estate loans: Residential real estate - - - - 2,790 2,790 Commercial real estate 167 - 563 730 46,039 46,769 Construction - - - - 114 114 Home equity - - 454 454 5,805 6,259 Commercial business 134 52 - 186 19,709 19,895 Consumer 17 - - 17 1,025 1,042 Total acquired loans 318 52 1,017 1,387 75,482 76,869 Total loans $ 2,035 $ 52 $ 1,986 $ 4,073 $ 1,322,154 $ 1,326,227 As of December 31, 2015 Greater 31-60 Days 61-90 Days Than 90 Total Past Past Due Past Due Days Due Current Total Loans (In thousands) Originated Loans Real estate loans: Residential real estate $ - $ - $ 969 $ 969 $ 173,342 $ 174,311 Commercial real estate - 311 - 311 643,213 643,524 Construction - - - - 81,242 81,242 Home equity 198 - - 198 8,948 9,146 Commercial business 1,078 100 343 1,521 148,958 150,479 Consumer - - - - 117 117 Total originated loans 1,276 411 1,312 2,999 1,055,820 1,058,819 Acquired Loans Real estate loans: Residential real estate - - - - 2,873 2,873 Commercial real estate 333 - 762 1,095 52,923 54,018 Construction - - 801 801 230 1,031 Home equity 100 162 191 453 6,327 6,780 Commercial business 262 71 101 434 21,940 22,374 Consumer 17 - - 17 1,601 1,618 Total acquired loans 712 233 1,855 2,800 85,894 88,694 Total loans $ 1,988 $ 644 $ 3,167 $ 5,799 $ 1,141,714 $ 1,147,513
Schedule of nonaccrual loans by portfolio segment	September 30, December 31, 2016 2015 (In thousands) Residential real estate $ 969 $ 970 Commercial real estate 1,104 1,264 Home equity 645 395 Commercial business 585 1,160 Consumer 341 2 Total $ 3,644 $ 3,791
Schedule of summarizes impaired loans	Carrying Amount Unpaid Principal Balance Associated Allowance September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 969 $ 969 $ 969 $ - $ - Commercial real estate 3,202 4,291 3,202 4,291 - - Home equity 263 422 272 424 - - Commercial business 182 1,351 182 1,372 - - Total impaired loans without a valuation allowance 4,616 7,033 4,625 7,056 - - Impaired loans with a valuation allowance: Residential real estate - 864 - 864 - 2 Commercial real estate 482 - 482 - 2 - Commercial business 394 626 394 690 5 71 Consumer 341 - 341 - 341 - Total impaired loans with a valuation allowance 1,217 1,490 1,217 1,554 348 73 Total originated impaired loans $ 5,833 $ 8,523 $ 5,842 $ 8,610 $ 348 $ 73 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 420 $ 611 $ 534 $ 678 $ - $ - Home equity 454 197 462 200 - - Commercial business 865 963 881 963 - - Total impaired loans without a valuation allowance 1,739 1,771 1,877 1,841 - - Impaired loans with a valuation allowance: Commercial Real Estate 143 151 143 151 7 12 Commercial business 348 470 348 480 3 21 Consumer 3 7 3 7 3 5 Total impaired loans with a valuation allowance 494 628 494 638 13 38 Total acquired impaired loans $ 2,233 $ 2,399 $ 2,371 $ 2,479 $ 13 $ 38 Average Recorded Investment Interest Income Recognized September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 (In thousands) Originated Impaired loans without a valuation allowance: Residential real estate $ 969 $ 973 $ - $ 27 Commercial real estate 3,217 4,308 77 124 Home equity 270 429 2 10 Commercial business 216 1,374 10 49 Total impaired loans without a valuation allowance 4,672 7,084 89 210 Impaired loans with a valuation allowance: Residential real estate - 864 - 28 Commercial real estate 496 - 18 - Commercial business 431 673 17 34 Consumer 343 - - - Total impaired loans with a valuation allowance 1,270 1,537 35 62 Total originated impaired loans $ 5,942 $ 8,621 $ 124 $ 272 Acquired Impaired loans without a valuation allowance: Commercial real estate $ 442 $ 602 $ - $ 6 Home equity 457 198 3 2 Commercial business 914 999 32 54 Total impaired loans without a valuation allowance 1,813 1,799 35 62 Impaired loans with a valuation allowance: Commercial real estate 144 151 - 3 Commercial business 361 506 16 14 Consumer 3 7 1 1 Total impaired loans with a valuation allowance 508 664 17 18 Total acquired impaired loans $ 2,321 $ 2,463 $ 52 $ 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 September 30, Commercial real estate - - $ - $ - $ - $ - Commercial business 1 - 65 - 65 - Total 1 - $ 65 $ - $ 65 $ - Outstanding Recorded Investment Number of Loans Pre-Modification Post-Modification (Dollars in thousands) 2016 2015 2016 2015 2016 2015 Nine Months Ended September 30, Commercial real estate - 3 $ - $ 4,044 $ - $ 4,044 Commercial business 3 1 324 44 324 44 Total 3 4 $ 324 $ 4,088 $ 324 $ 4,088
Schedule of information on how loans were modified as a TDR	Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (In thousands) (In thousands) Maturity/amortization concession $ - $ - $ - $ 825 Maturity concession 65 - 324 - Maturity and payment concession - - - 3,263 Total $ 65 $ - $ 324 $ 4,088

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 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 June 30, 2016 $ 1,227 $ (1,511 ) $ (284 ) Other comprehensive (loss) income before reclassifications (241 ) 588 347 Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive (loss) income (241 ) 588 347 Balance at September 30, 2016 $ 986 $ (923 ) $ 63 Net Unrealized Gain Net Unrealized Gain (Loss) on Available (Loss) on Interest for Sale Securities Rate Swap Total (In thousands) Balance at June 30, 2015 $ 368 $ (255 ) $ 113 Other comprehensive income (loss) before reclassifications 116 (504 ) (388 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive income (loss) 116 (504 ) (388 ) Balance at September 30, 2015 $ 484 $ (759 ) $ (275 ) 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 673 (745 ) (72 ) Amounts reclassified from accumulated other comprehensive income (92 ) - (92 ) Net other comprehensive income (loss) 581 (745 ) (164 ) Balance at September 30, 2016 $ 986 $ (923 ) $ 63 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 (160 ) (646 ) (806 ) Amounts reclassified from accumulated other comprehensive income - - - Net other comprehensive loss (160 ) (646 ) (806 ) Balance at September 30, 2015 $ 484 $ (759 ) $ (275 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (In thousands, except per share data) (In thousands, except per share data) Net income $ 3,140 $ 2,253 $ 9,027 $ 6,412 Preferred stock dividends - (27 ) - (82 ) Dividends to participating securities (6 ) - (18 ) - Undistributed earnings allocated to participating securities (56 ) (63 ) (155 ) (170 ) Net income for earnings per share calculation $ 3,078 $ 2,163 $ 8,854 $ 6,160 Weighted average shares outstanding, basic 7,397 7,045 7,388 7,039 Effect of dilutive equity-based awards 92 14 71 18 Weighted average shares outstanding, diluted 7,489 7,059 7,459 7,057 Net earnings per common share: Basic earnings per common share $ 0.42 $ 0.31 $ 1.20 $ 0.88 Diluted earnings per common share 0.41 0.31 1.19 0.87

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 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 September 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 153,398 11.64 % $ 59,309 4.50 % $ 85,669 6.50 % Total Capital to Risk-Weighted Assets 169,886 12.89 % 105,439 8.00 % 131,799 10.00 % Tier I Capital to Risk-Weighted Assets 153,398 11.64 % 79,079 6.00 % 105,439 8.00 % Tier I Capital to Average Assets 153,398 10.45 % 58,706 4.00 % 73,383 5.00 % Bankwell Financial Group, Inc. September 30, 2016 Common Equity Tier 1 Capital to Risk-Weighted Assets $ 136,858 10.34 % $ 59,538 4.50 % N/A N/A Total Capital to Risk-Weighted Assets 178,447 13.49 % 105,845 8.00 % N/A N/A Tier I Capital to Risk-Weighted Assets 136,858 10.34 % 79,384 6.00 % N/A N/A Tier I Capital to Average Assets 136,858 9.14 % 59,908 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)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of status of outstanding stock options	Nine Months Ended September 30, 2016 Weighted Number Average of Exercise Shares Price Options outstanding at beginning of period 195,928 $ 18.07 Exercised (17,600 ) 16.09 Expired (10,820 ) 17.85 Options outstanding at end of period 167,508 18.29 Options exercisable at end of period 166,058 18.32
Schedule of activity for restricted stock	Nine Months Ended September 30, 2016 Weighted Number Average of Grant Date Shares Fair Value Unvested at beginning of period 143,323 $ 15.92 Granted 29,300 22.30 Vested (11,232 ) 16.04 Forfeited (683 ) 20.04 Unvested at end of period 160,708 18.55

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	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 3-month LIBOR 1.62 % $ (347 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.83 % (618 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.48 % (367 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.22 % (92 ) $ (1,424 ) 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 3-month LIBOR 1.62 % $ (181 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 1.83 % (276 ) Interest rate swap on FHLB advance $ 25,000 5.0 years 3-month LIBOR 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 September 30, Nine Months Ended September 30, (In thousands) 2016 2015 2016 2015 Interest rate swap on FHLB advance: Unrealized gains (losses) recognized in accumulated other comprehensive income $ 904 $ (826 ) $ (1,147 ) $ (1,058 ) Income tax (expense) benefit on items recognized in accumulated other comprehensive income (316 ) 322 402 412 Other comprehensive income (loss) $ 588 $ (504 ) $ (745 ) $ (646 ) Interest expense recognized on hedged FHLB advance $ 386 $ 253 $ 999 $ 681

FAIR VALUE OF FINANCIAL INSTR29

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of carrying values and fair values of the Company s financial instruments	September 30, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and due from banks $ 94,731 $ 94,731 $ 94,731 $ - $ - Federal funds sold 1,357 1,357 1,357 - - Available for sale securities 82,752 82,752 - 82,752 - Held to maturity securities 16,909 16,901 - 16,901 - Loans held for sale 400 400 - 400 - Loans receivable, net 1,305,065 1,318,755 - - 1,318,755 Accrued interest receivable 4,499 4,499 - - 4,499 FHLB stock 7,943 7,943 - - 7,943 Financial Liabilities: Demand deposits $ 176,405 $ 176,405 $ - $ - $ 176,405 NOW and money market 382,484 382,484 - - 382,484 Savings 63,501 63,501 - - 63,501 Time deposits 594,552 597,417 - - 597,417 Advances from the FHLB 175,000 175,652 - - 175,652 Subordinated debentures 25,038 23,252 - - 23,252 Derivative liability 1,424 1,424 - 1,424 - 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)	9 Months Ended
	Sep. 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 September 30, 2016: Available for sale investment securities: U.S. Government and agency obligations $ - $ 54,678 $ - State agency, U.S. territories and municipal obligations - 16,560 - Corporate bonds - 11,514 - Derivative liability - (1,424 ) - 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 September 30, 2016: Impaired loans $ - $ - $ 8,066 Foreclosed real estate - - 272 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 September 30, 2016: Impaired loans $ 8,066 Appraisals Discount to appraised value 8.00% to 18.00% Discounted cash flows Discount rate 4.25% to 6.25% Foreclosed real estate $ 272 Appraisals Discount to appraised value 20.00% December 31, 2015: Impaired loans $ 10,922 Appraisals Discount to appraised value 8.00% to 10.00% Discounted cash flows Discount rate 3.25% to 7.00% Foreclosed real estate $ 1,248 Appraisals Discount to appraised value 10.0% to 25.0%

NATURE OF OPERATIONS AND SUMM31

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) $ in Millions	1 Months Ended
	Oct. 31, 2014USD ($)Branch	Nov. 30, 2013USD ($)Branch	Aug. 19, 2015USD ($)
Business Acquisition [Line Items]
Debt issuance costs as direct deduction from debt liability			$ 0.5
Wilton Bank ("Wilton")
Business Acquisition [Line Items]
Number of branch acquired | Branch		1
Amount of loans acquired		$ 25.1
Amount of deposits acquired		$ 64.2
Quinnipiac
Business Acquisition [Line Items]
Number of branch acquired | Branch	2
Amount of loans acquired	$ 97.8
Amount of deposits acquired	$ 100.6

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Available for sale securities:
Amortized Cost	$ 81,233	$ 39,955
Gross Unrealized Gains	1,779	1,068
Gross Unrealized Losses	(260)	(442)
Fair Value	82,752	40,581
Held to maturity securities:
Amortized Cost	16,909	10,226
Gross Unrealized Gains	17	21
Gross Unrealized Losses	(25)	(19)
Fair value	16,901	10,228
U.S. Government and agency obligations
Available for sale securities:
Due from one through five years, Amortized Cost	53,980	6,198
Due from one through five years, Gross Unrealized Gains	600
Due from one through five years, Gross Unrealized Losses	(1)	(77)
Due from one through five years, Fair Value	54,579	6,121
Due from five through ten years, Amortized Cost		394
Due from five through ten years, Gross Unrealized Gains		4
Due from five through ten years, Gross Unrealized Losses		(2)
Due from five through ten years, Fair Value		396
Due after ten years, Amortized Cost	100	647
Due after ten years, Gross Unrealized Gains
Due after ten years, Gross Unrealized Losses	(1)	(21)
Due after ten years, Fair Value	99	626
Amortized Cost	54,080	7,239
Gross Unrealized Gains	600	4
Gross Unrealized Losses	(2)	(100)
Fair Value	54,678	7,143
State agency, U.S. territories and municipal obligations
Available for sale securities:
Due from one through five years, Amortized Cost	826	520
Due from one through five years, Gross Unrealized Gains	44	39
Due from one through five years, Gross Unrealized Losses
Due from one through five years, Fair Value	870	559
Due from five through ten years, Amortized Cost	10,216	9,762
Due from five through ten years, Gross Unrealized Gains	517	361
Due from five through ten years, Gross Unrealized Losses	(248)	(322)
Due from five through ten years, Fair Value	10,485	9,801
Due after ten years, Amortized Cost	4,923	6,778
Due after ten years, Gross Unrealized Gains	292	367
Due after ten years, Gross Unrealized Losses	(10)	(1)
Due after ten years, Fair Value	5,205	7,144
Amortized Cost	15,965	17,060
Gross Unrealized Gains	853	767
Gross Unrealized Losses	(258)	(323)
Fair Value	16,560	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	13,614	9,026
Due after ten years, Gross Unrealized Gains
Due after ten years, Gross Unrealized Losses
Due after ten years, Fair Value	13,614	9,026
Amortized Cost	15,749
Gross Unrealized Gains
Gross Unrealized Losses
Fair value	15,749
Corporate bonds
Available for sale securities:
Due in less than one year, Amortized Cost	2,023	1,010
Due in less than one year, Gross Unrealized Gains	21	22
Due in less than one year, Gross Unrealized Losses
Due in less than one year, Fair Value	2,044	1,032
Due from one through five years, Amortized Cost	9,165	9,233
Due from one through five years, Gross Unrealized Gains	305	156
Due from one through five years, Gross Unrealized Losses		(9)
Due from one through five years, Fair Value	9,470	9,380
Due from five through ten years, Amortized Cost		1,013
Due from five through ten years, Gross Unrealized Gains		12
Due from five through ten years, Gross Unrealized Losses
Due from five through ten years, Fair Value		1,025
Amortized Cost	11,188	11,256
Gross Unrealized Gains	326	190
Gross Unrealized Losses		(9)
Fair Value	11,514	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	(25)	(19)
Due from one through five years, Fair Value	975	981
Government-sponsored mortgage backed securities
Available for sale securities:
No contractual maturity Amortized Cost		4,400
No contractual maturity Gross Unrealized Gains		107
No contractual maturity Gross Unrealized Losses		(10)
No contractual maturity Fair Value		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	160	200
No contractual maturity, Gross Unrealized Gains	17	21
No contractual maturity, Gross Unrealized Losses
No contractual maturity, Fair Value	$ 177	$ 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	Sep. 30, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	$ 2,475	$ 8,350
Less than 12 months - Unrealized Loss	(37)	(93)
12 Months or More - Fair Value	748	2,337
12 Months or More - Unrealized Loss	(248)	(368)
Fair value - Total	3,223	10,687
Unrealized Loss - Total	(285)	(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	1,098	5,486
Less than 12 months - Unrealized Loss	(2)	(60)
12 Months or More - Fair Value		1,259
12 Months or More - Unrealized Loss		(40)
Fair value - Total	1,098	6,745
Unrealized Loss - Total	(2)	(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	402	126
Less than 12 months - Unrealized Loss	(10)	(1)
12 Months or More - Fair Value	748	665
12 Months or More - Unrealized Loss	(248)	(322)
Fair value - Total	1,150	791
Unrealized Loss - Total	(258)	(323)
Corporate bonds
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Less than 12 months - Fair Value	975	1,970
Less than 12 months - Unrealized Loss	(25)	(28)
12 Months or More - Fair Value
12 Months or More - Unrealized Loss
Fair value - Total	975	1,970
Unrealized Loss - Total	$ (25)	(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)	Nov. 02, 2016USD ($)	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)Security
Financial Instruments Owned and Pledged as Collateral [Line Items]
Realized gain on investment securities				$ 92,000
Number of investment securities in which the fair value of the security was less than the amortized cost | Security		5		5		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		747,500		747,500
Subsequent event
Financial Instruments Owned and Pledged as Collateral [Line Items]
Realized gain on investment securities	$ 251,600
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	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 1,326,227		$ 1,147,513
Allowance for loan losses	(17,250)	$ (16,100)	(14,169)	$ (13,720)	$ (12,230)	$ (10,860)
Deferred loan origination fees, net	(3,921)		(3,605)
Unamortized loan premiums	9		9
Loans receivable, net	1,305,065		1,129,748
Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	208,600		172,853
Allowance for loan losses	(4,042)	(3,816)	(3,334)	(3,017)	(2,628)	(2,638)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,660		1,735
Allowance for loan losses	(353)	(42)	(8)	(8)	(9)	(4)
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,115,967		972,925
Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	178,996		177,184
Allowance for loan losses	(1,480)	(1,484)	(1,444)	(1,414)	(1,454)	(1,431)
Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	817,006		697,542
Allowance for loan losses	(9,126)	(8,648)	(7,705)	(7,564)	(6,832)	(5,480)
Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	104,915		82,273
Allowance for loan losses	(2,079)	(1,920)	(1,504)	(1,537)	(1,138)	(1,102)
Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	15,050		15,926
Allowance for loan losses	(170)	(190)	(174)	(180)	(169)	(205)
Originated
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,249,358		1,058,819
Allowance for loan losses	(17,215)	(16,039)	(14,128)	(13,675)	(12,220)	(10,860)
Deferred loan origination fees, net	(3,921)		(3,605)
Unamortized loan premiums	9		9
Loans receivable, net	1,228,231		1,041,095
Originated | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	188,705		150,479
Allowance for loan losses	(4,039)	(3,792)	(3,310)	(2,987)	(2,618)	(2,638)
Originated | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	618		117
Allowance for loan losses	(350)	(39)	(3)	(3)	(9)	(4)
Originated | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,060,035		908,223
Originated | Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	176,206		174,311
Allowance for loan losses	(1,480)	(1,484)	(1,444)	(1,414)	(1,454)	(1,431)
Originated | Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	770,237		643,524
Allowance for loan losses	(9,097)	(8,625)	(7,693)	(7,554)	(6,832)	(5,480)
Originated | Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	104,801		81,242
Allowance for loan losses	(2,079)	(1,920)	(1,504)	(1,537)	(1,138)	(1,102)
Originated | Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,791		9,146
Allowance for loan losses	(170)	(179)	(174)	(180)	(169)	(205)
Acquired
Loans and Leases Receivable Disclosure [Line Items]
Total loans	76,869		88,694
Allowance for loan losses	(35)	(61)	(41)	(45)	(10)
Deferred loan origination fees, net
Unamortized loan premiums
Loans receivable, net	76,834		88,653
Acquired | Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	19,895		22,374
Allowance for loan losses	(3)	(24)	(24)	(30)	(10)
Acquired | Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,042		1,618
Allowance for loan losses	(3)	(3)	(5)	(5)
Acquired | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	55,932		64,702
Acquired | Residential | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,790		2,873
Allowance for loan losses
Acquired | Commercial | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	46,769		54,018
Allowance for loan losses	(29)	(23)	(12)	(10)
Acquired | Construction | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	114		1,031
Allowance for loan losses
Acquired | Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	6,259		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		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period		$ 733	$ 1,134	$ 871	$ 1,382
Acquisition
Accretion		(36)	(21)	(123)	(137)
Other	[1]		(145)	(51)	(277)
Balance at end of period		$ 697	$ 968	$ 697	$ 968
[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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 16,100	$ 12,230	$ 14,169	$ 10,860
Charge-offs	(71)		(92)	(21)
Recoveries	2	1	7	5
Provisions	1,219	1,489	3,166	2,876
Ending balance	17,250	13,720	17,250	13,720
Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,816	2,628	3,334	2,638
Charge-offs	(69)		(69)	(15)
Recoveries
Provisions	295	389	777	394
Ending balance	4,042	3,017	4,042	3,017
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	42	9	8	4
Charge-offs	(2)		(16)	(6)
Recoveries	2	1	7	5
Provisions	311	(2)	354	5
Ending balance	353	8	353	8
Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,484	1,454	1,444	1,431
Charge-offs
Recoveries
Provisions	(4)	(40)	36	(17)
Ending balance	1,480	1,414	1,480	1,414
Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8,648	6,832	7,705	5,480
Charge-offs
Recoveries
Provisions	478	732	1,421	2,084
Ending balance	9,126	7,564	9,126	7,564
Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,920	1,138	1,504	1,102
Charge-offs			(7)
Recoveries
Provisions	159	399	582	435
Ending balance	2,079	1,537	2,079	1,537
Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	190	169	174	205
Charge-offs
Recoveries
Provisions	(20)	11	(4)	(25)
Ending balance	170	180	170	180
Originated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	16,039	12,220	14,128	10,860
Charge-offs	(61)		(69)
Recoveries	2	1	7	1
Provisions	1,235	1,454	3,149	2,814
Ending balance	17,215	13,675	17,215	13,675
Originated | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,792	2,618	3,310	2,638
Charge-offs	(59)		(59)
Recoveries
Provisions	306	369	788	349
Ending balance	4,039	2,987	4,039	2,987
Originated | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	39	9	3	4
Charge-offs	(2)		(10)
Recoveries	2	1	7	1
Provisions	311	(7)	350	(2)
Ending balance	350	3	350	3
Originated | Residential | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,484	1,454	1,444	1,431
Charge-offs
Recoveries
Provisions	(4)	(40)	36	(17)
Ending balance	1,480	1,414	1,480	1,414
Originated | Commercial | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8,625	6,832	7,693	5,480
Charge-offs
Recoveries
Provisions	472	722	1,404	2,074
Ending balance	9,097	7,554	9,097	7,554
Originated | Construction | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,920	1,138	1,504	1,102
Charge-offs
Recoveries
Provisions	159	399	575	435
Ending balance	2,079	1,537	2,079	1,537
Originated | Home equity | Real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	179	169	174	205
Charge-offs
Recoveries
Provisions	(9)	11	(4)	(25)
Ending balance	170	180	170	180
Acquired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	61	10	41
Charge-offs	(10)		(23)	(21)
Recoveries				4
Provisions	(16)	35	17	62
Ending balance	35	45	35	45
Acquired | Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	24	10	24
Charge-offs	(10)		(10)	(15)
Recoveries
Provisions	(11)	20	(11)	45
Ending balance	3	30	3	30
Acquired | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3		5
Charge-offs			(6)	(6)
Recoveries				4
Provisions		5	4	7
Ending balance	3	5	3	5
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	23		12
Charge-offs
Recoveries
Provisions	6	10	17	10
Ending balance	29	10	29	10
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	11
Charge-offs
Recoveries
Provisions	(11)
Ending balance

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	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	$ 8,066		$ 10,922
Loans individually evaluated for impairment, Allowance	361		111
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,318,161		1,136,591
Loans collectively evaluated for impairment, Allowance	16,889		14,058
Portfolio, Total	1,326,227		1,147,513
Allowance, Total	17,250	$ 16,100	14,169	$ 13,720	$ 12,230	$ 10,860
Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	1,789		3,410
Loans individually evaluated for impairment, Allowance	8		92
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	206,811		169,443
Loans collectively evaluated for impairment, Allowance	4,034		3,242
Portfolio, Total	208,600		172,853
Allowance, Total	4,042	3,816	3,334	3,017	2,628	2,638
Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	344		7
Loans individually evaluated for impairment, Allowance	344		5
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,316		1,728
Loans collectively evaluated for impairment, Allowance	9		4
Portfolio, Total	1,660		1,735
Allowance, Total	353	42	8	8	9	4
Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,115,967		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	178,027		175,351
Loans collectively evaluated for impairment, Allowance	1,480		1,442
Portfolio, Total	178,996		177,184
Allowance, Total	1,480	1,484	1,444	1,414	1,454	1,431
Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	4,247		5,053
Loans individually evaluated for impairment, Allowance	9		12
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	812,759		692,489
Loans collectively evaluated for impairment, Allowance	9,117		7,692
Portfolio, Total	817,006		697,542
Allowance, Total	9,126	8,648	7,705	7,564	6,832	5,480
Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	104,915		82,273
Loans collectively evaluated for impairment, Allowance	2,079		1,504
Portfolio, Total	104,915		82,273
Allowance, Total	2,079	1,920	1,504	1,537	1,138	1,102
Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	717		619
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	14,333		15,307
Loans collectively evaluated for impairment, Allowance	170		174
Portfolio, Total	15,050		15,926
Allowance, Total	170	190	174	180	169	205
Originated
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	5,833		8,523
Loans individually evaluated for impairment, Allowance	348		73
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	1,243,525		1,050,296
Loans collectively evaluated for impairment, Allowance	16,867		14,055
Portfolio, Total	1,249,358		1,058,819
Allowance, Total	17,215	16,039	14,128	13,675	12,220	10,860
Originated | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	576		1,977
Loans individually evaluated for impairment, Allowance	5		71
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	188,129		148,502
Loans collectively evaluated for impairment, Allowance	4,034		3,239
Portfolio, Total	188,705		150,479
Allowance, Total	4,039	3,792	3,310	2,987	2,618	2,638
Originated | Consumer
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	341
Loans individually evaluated for impairment, Allowance	341
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	277		117
Loans collectively evaluated for impairment, Allowance	9		4
Portfolio, Total	618		117
Allowance, Total	350	39	3	3	9	4
Originated | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	1,060,035		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	175,237		172,478
Loans collectively evaluated for impairment, Allowance	1,480		1,442
Portfolio, Total	176,206		174,311
Allowance, Total	1,480	1,484	1,444	1,414	1,454	1,431
Originated | Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	3,684		4,291
Loans individually evaluated for impairment, Allowance	2
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	766,553		639,233
Loans collectively evaluated for impairment, Allowance	9,095		7,692
Portfolio, Total	770,237		643,524
Allowance, Total	9,097	8,625	7,693	7,554	6,832	5,480
Originated | Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	104,801		81,242
Loans collectively evaluated for impairment, Allowance	2,079		1,504
Portfolio, Total	104,801		81,242
Allowance, Total	2,079	1,920	1,504	1,537	1,138	1,102
Originated | Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	263		422
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	8,528		8,724
Loans collectively evaluated for impairment, Allowance	170		174
Portfolio, Total	8,791		9,146
Allowance, Total	170	179	174	180	169	205
Acquired
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	2,233		2,399
Loans individually evaluated for impairment, Allowance	13		38
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	74,636		86,295
Loans collectively evaluated for impairment, Allowance	22		3
Portfolio, Total	76,869		88,694
Allowance, Total	35	61	41	45	10
Acquired | Commercial business
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	1,213		1,433
Loans individually evaluated for impairment, Allowance	3		21
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	18,682		20,941
Loans collectively evaluated for impairment, Allowance			3
Portfolio, Total	19,895		22,374
Allowance, Total	3	24	24	30	10
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	1,039		1,611
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	1,042		1,618
Allowance, Total	3	3	5	5
Acquired | Real estate
Loans collectively evaluated for impairment:
Portfolio, Total	55,932		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	2,790		2,873
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	2,790		2,873
Allowance, Total
Acquired | Commercial | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	563		762
Loans individually evaluated for impairment, Allowance	7		12
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	46,206		53,256
Loans collectively evaluated for impairment, Allowance	22
Portfolio, Total	46,769		54,018
Allowance, Total	29	23	12	10
Acquired | Construction | Real estate
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	114		1,031
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	114		1,031
Allowance, Total
Acquired | Home equity | Real estate
Loans individually evaluated for impairment:
Loans individually evaluated for impairment, Portfolio	454		197
Loans individually evaluated for impairment, Allowance
Loans collectively evaluated for impairment:
Loans collectively evaluated for impairment, Portfolio	5,805		6,583
Loans collectively evaluated for impairment, Allowance
Portfolio, Total	6,259		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	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,326,227	$ 1,147,513
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	208,600	172,853
Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,115,967	972,925
Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	817,006	697,542
Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	104,915	82,273
Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,249,358	1,058,819
Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	188,705	150,479
Originated | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,060,035	908,223
Originated | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	770,237	643,524
Originated | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	104,801	81,242
Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	76,869	88,694
Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,895	22,374
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	55,932	64,702
Acquired | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	46,769	54,018
Acquired | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	114	1,031
Commercial credit quality indicators
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,130,521	952,668
Commercial credit quality indicators | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,117,547	942,150
Commercial credit quality indicators | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,908	3,311
Commercial credit quality indicators | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,066	7,143
Commercial credit quality indicators | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans		64
Commercial credit quality indicators | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	208,600	172,853
Commercial credit quality indicators | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	205,946	169,542
Commercial credit quality indicators | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,424	1,716
Commercial credit quality indicators | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,230	1,531
Commercial credit quality indicators | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans		64
Commercial credit quality indicators | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	817,006	697,542
Commercial credit quality indicators | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	806,686	691,136
Commercial credit quality indicators | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,484	1,595
Commercial credit quality indicators | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,836	4,811
Commercial credit quality indicators | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	104,915	82,273
Commercial credit quality indicators | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	104,915	81,472
Commercial credit quality indicators | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		801
Commercial credit quality indicators | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,063,743	875,245
Commercial credit quality indicators | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,054,701	868,699
Commercial credit quality indicators | Originated | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,899	2,713
Commercial credit quality indicators | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,143	3,769
Commercial credit quality indicators | Originated | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans		64
Commercial credit quality indicators | Originated | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	188,705	150,479
Commercial credit quality indicators | Originated | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	186,984	148,748
Commercial credit quality indicators | Originated | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,262	1,118
Commercial credit quality indicators | Originated | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	459	549
Commercial credit quality indicators | Originated | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans		64
Commercial credit quality indicators | Originated | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	770,237	643,524
Commercial credit quality indicators | Originated | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	762,916	638,709
Commercial credit quality indicators | Originated | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,637	1,595
Commercial credit quality indicators | Originated | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,684	3,220
Commercial credit quality indicators | Originated | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	104,801	81,242
Commercial credit quality indicators | Originated | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	104,801	81,242
Commercial credit quality indicators | Originated | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Originated | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	66,778	77,243
Commercial credit quality indicators | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	62,846	73,451
Commercial credit quality indicators | Acquired | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,009	598
Commercial credit quality indicators | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,923	3,374
Commercial credit quality indicators | Acquired | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,895	22,374
Commercial credit quality indicators | Acquired | Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,962	20,794
Commercial credit quality indicators | Acquired | Commercial business | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	162	598
Commercial credit quality indicators | Acquired | Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	771	982
Commercial credit quality indicators | Acquired | Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial business | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	46,769	54,018
Commercial credit quality indicators | Acquired | Commercial | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	43,770	52,427
Commercial credit quality indicators | Acquired | Commercial | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,847
Commercial credit quality indicators | Acquired | Commercial | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,152	1,591
Commercial credit quality indicators | Acquired | Commercial | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Commercial | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Construction | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	114	1,031
Commercial credit quality indicators | Acquired | Construction | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	114	230
Commercial credit quality indicators | Acquired | Construction | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Construction | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		801
Commercial credit quality indicators | Acquired | Construction | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial credit quality indicators | Acquired | Construction | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans

LOANS RECEIVABLE AND ALLOWANC40

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of the loan portfolio quality indicators by portfolio segment (Details 5) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,326,227	$ 1,147,513
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,660	1,735
Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,115,967	972,925
Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,996	177,184
Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,050	15,926
Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,249,358	1,058,819
Originated | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	618	117
Originated | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,060,035	908,223
Originated | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,206	174,311
Originated | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,791	9,146
Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	76,869	88,694
Acquired | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,042	1,618
Acquired | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	55,932	64,702
Acquired | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,790	2,873
Acquired | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,259	6,780
Residential and Consumer credit quality indicators
Financing Receivable, Recorded Investment [Line Items]
Total loans	195,706	194,845
Residential and Consumer credit quality indicators | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	193,676	192,277
Residential and Consumer credit quality indicators | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	72	944
Residential and Consumer credit quality indicators | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,617	1,624
Residential and Consumer credit quality indicators | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	341
Residential and Consumer credit quality indicators | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,660	1,735
Residential and Consumer credit quality indicators | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,316	1,656
Residential and Consumer credit quality indicators | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3	79
Residential and Consumer credit quality indicators | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	341
Residential and Consumer credit quality indicators | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,996	177,184
Residential and Consumer credit quality indicators | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	178,027	175,351
Residential and Consumer credit quality indicators | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		864
Residential and Consumer credit quality indicators | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	969	969
Residential and Consumer credit quality indicators | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,050	15,926
Residential and Consumer credit quality indicators | Home Equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,333	15,270
Residential and Consumer credit quality indicators | Home Equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	72	80
Residential and Consumer credit quality indicators | Home Equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	645	576
Residential and Consumer credit quality indicators | Home Equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Home Equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	185,615	183,574
Residential and Consumer credit quality indicators | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	184,042	181,320
Residential and Consumer credit quality indicators | Originated | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	72	944
Residential and Consumer credit quality indicators | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,160	1,310
Residential and Consumer credit quality indicators | Originated | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	341
Residential and Consumer credit quality indicators | Originated | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	618	117
Residential and Consumer credit quality indicators | Originated | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	277	117
Residential and Consumer credit quality indicators | Originated | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	341
Residential and Consumer credit quality indicators | Originated | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,206	174,311
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	175,237	172,478
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		864
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	969	969
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,791	9,146
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,528	8,725
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	72	80
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	191	341
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Originated | Home Equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,091	11,271
Residential and Consumer credit quality indicators | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,634	10,957
Residential and Consumer credit quality indicators | Acquired | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	457	314
Residential and Consumer credit quality indicators | Acquired | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,042	1,618
Residential and Consumer credit quality indicators | Acquired | Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,039	1,539
Residential and Consumer credit quality indicators | Acquired | Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3	79
Residential and Consumer credit quality indicators | Acquired | Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,790	2,873
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,790	2,873
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Residential | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,259	6,780
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,805	6,545
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	454	235
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Residential and Consumer credit quality indicators | Acquired | Home Equity | Real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans

LOANS RECEIVABLE AND ALLOWANC41

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loan portfolio delinquencies by portfolio segment and amount (Details 6) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 4,073	$ 5,799
Current	1,322,154	1,141,714
Total Loans	1,326,227	1,147,513
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,035	1,988
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	52	644
Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,986	3,167
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	208,600	172,853
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,660	1,735
Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,115,967	972,925
Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	178,996	177,184
Commercial | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	817,006	697,542
Construction | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	104,915	82,273
Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	15,050	15,926
Originated
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,686	2,999
Current	1,246,672	1,055,820
Total Loans	1,249,358	1,058,819
Originated | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,717	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	969	1,312
Originated | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	941	1,521
Current	187,764	148,958
Total Loans	188,705	150,479
Originated | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	941	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		343
Originated | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	341
Current	277	117
Total Loans	618	117
Originated | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	341
Originated | Consumer | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Consumer | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Originated | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,060,035	908,223
Originated | Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	969	969
Current	175,237	173,342
Total Loans	176,206	174,311
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	303	311
Current	769,934	643,213
Total Loans	770,237	643,524
Originated | Commercial | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	303
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	104,801	81,242
Total Loans	104,801	81,242
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	132	198
Current	8,659	8,948
Total Loans	8,791	9,146
Originated | Home equity | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	132	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	1,387	2,800
Current	75,482	85,894
Total Loans	76,869	88,694
Acquired | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	318	712
Acquired | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	52	233
Acquired | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,017	1,855
Acquired | Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	186	434
Current	19,709	21,940
Total Loans	19,895	22,374
Acquired | Commercial business | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	134	262
Acquired | Commercial business | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	52	71
Acquired | Commercial business | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		101
Acquired | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	17
Current	1,025	1,601
Total Loans	1,042	1,618
Acquired | Consumer | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	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 | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	55,932	64,702
Acquired | Residential | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	2,790	2,873
Total Loans	2,790	2,873
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	730	1,095
Current	46,039	52,923
Total Loans	46,769	54,018
Acquired | Commercial | Real estate | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	167	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	563	762
Acquired | Construction | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		801
Current	114	230
Total Loans	114	1,031
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	454	453
Current	5,805	6,327
Total Loans	6,259	6,780
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	$ 454	$ 191

LOANS RECEIVABLE AND ALLOWANC42

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of nonaccrual loans by portfolio segment (Details 7) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 3,644	$ 3,791
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	585	1,160
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	341	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	1,104	1,264
Home equity | Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 645	$ 395

LOANS RECEIVABLE AND ALLOWANC43

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of impaired loans (Details 8) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	$ 4,616	$ 7,033
Impaired loans without a valuation allowance, Unpaid Principal Balance	4,625	7,056
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	1,217	1,490
Impaired loans with a valuation allowance, Unpaid Principal Balance	1,217	1,554
Impaired loans with a valuation allowance, Associated Allowance	348	73
Total impaired loans
Total impaired loans, Carrying Amount	5,833	8,523
Total impaired loans, Unpaid Principal Balance	5,842	8,610
Total impaired loans, Associated Allowance	348	73
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	182	1,351
Impaired loans without a valuation allowance, Unpaid Principal Balance	182	1,372
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	394	626
Impaired loans with a valuation allowance, Unpaid Principal Balance	394	690
Impaired loans with a valuation allowance, Associated Allowance	5	71
Originated | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	341
Impaired loans with a valuation allowance, Unpaid Principal Balance	341
Impaired loans with a valuation allowance, Associated Allowance	341
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	3,202	4,291
Impaired loans without a valuation allowance, Unpaid Principal Balance	3,202	4,291
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	482
Impaired loans with a valuation allowance, Unpaid Principal Balance	482
Impaired loans with a valuation allowance, Associated Allowance	2
Originated | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	263	422
Impaired loans without a valuation allowance, Unpaid Principal Balance	272	424
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	1,739	1,771
Impaired loans without a valuation allowance, Unpaid Principal Balance	1,877	1,841
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	494	628
Impaired loans with a valuation allowance, Unpaid Principal Balance	494	638
Impaired loans with a valuation allowance, Associated Allowance	13	38
Total impaired loans
Total impaired loans, Carrying Amount	2,233	2,399
Total impaired loans, Unpaid Principal Balance	2,371	2,479
Total impaired loans, Associated Allowance	13	38
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Carrying Amount	865	963
Impaired loans without a valuation allowance, Unpaid Principal Balance	881	963
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Carrying Amount	348	470
Impaired loans with a valuation allowance, Unpaid Principal Balance	348	480
Impaired loans with a valuation allowance, Associated Allowance	3	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	420	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	143	151
Impaired loans with a valuation allowance, Unpaid Principal Balance	143	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	454	197
Impaired loans without a valuation allowance, Unpaid Principal Balance	$ 462	$ 200

LOANS RECEIVABLE AND ALLOWANC44

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of average recorded investment balance of impaired loans and interest income recognized on impaired loans by portfolio segment (Details 9) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Originated
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	$ 4,672	$ 7,084
Impaired loans without a valuation allowance, Interest Income Recognized	89	210
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	1,270	1,537
Impaired loans with a valuation allowance, Interest Income Recognized	35	62
Total impaired loans
Total impaired loans, Average Recorded Investment	5,942	8,621
Total impaired loans, Interest Income Recognized	124	272
Originated | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	216	1,374
Impaired loans without a valuation allowance, Interest Income Recognized	10	49
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	431	673
Impaired loans with a valuation allowance, Interest Income Recognized	17	34
Originated | Consumer
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	343
Impaired loans with a valuation allowance, Interest Income Recognized
Originated | Residential | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	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	3,217	4,308
Impaired loans without a valuation allowance, Interest Income Recognized	77	124
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	496
Impaired loans with a valuation allowance, Interest Income Recognized	18
Originated | Home equity | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	270	429
Impaired loans without a valuation allowance, Interest Income Recognized	2	10
Acquired
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	1,813	1,799
Impaired loans without a valuation allowance, Interest Income Recognized	35	62
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	508	664
Impaired loans with a valuation allowance, Interest Income Recognized	17	18
Total impaired loans
Total impaired loans, Average Recorded Investment	2,321	2,463
Total impaired loans, Interest Income Recognized	52	80
Acquired | Commercial business
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	914	999
Impaired loans without a valuation allowance, Interest Income Recognized	32	54
Impaired loans with a valuation allowance:
Impaired loans with a valuation allowance, Average Recorded Investment	361	506
Impaired loans with a valuation allowance, Interest Income Recognized	16	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	1
Acquired | Commercial | Real estate
Impaired loans without a valuation allowance:
Impaired loans without a valuation allowance, Average Recorded Investment	442	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	457	198
Impaired loans without a valuation allowance, Interest Income Recognized	$ 3	$ 2

LOANS RECEIVABLE AND ALLOWANC45

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loans whose terms were modified as TDRs (Details 10) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)Security	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)Security
Financing Receivable, Modifications [Line Items]
Number of Loans | Security	1		3	4
Outstanding Recorded Investment Pre-Modification	$ 65		$ 324	$ 4,088
Outstanding Recorded Investment Post-Modification	$ 65		$ 324	$ 4,088
Commercial business
Financing Receivable, Modifications [Line Items]
Number of Loans | Security	1		3	1
Outstanding Recorded Investment Pre-Modification	$ 65		$ 324	$ 44
Outstanding Recorded Investment Post-Modification	$ 65		$ 324	$ 44
Commercial | Real estate
Financing Receivable, Modifications [Line Items]
Number of Loans | Security				3
Outstanding Recorded Investment Pre-Modification				$ 4,044
Outstanding Recorded Investment Post-Modification				$ 4,044

LOANS RECEIVABLE AND ALLOWANC46

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES - Summary of loans were modified as TDR (Details 11) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Maturity/amortization concession				$ 825
Maturity concession	65		324
Maturity and payment concession				3,263
Total	$ 65		$ 324	$ 4,088

LOANS RECEIVABLE AND ALLOWANC47

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 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
Delinquent loans greater than 90 days and still accruing					$ 1,100
Income contractually due but not recognized on originated nonaccrual loans	15	$ 38	39	$ 110
Actual interest income recognized				$ 3
Commitment to lend additional funds to any borrower on nonaccrual status					169
Purchased credit impaired loans					1,100
Recorded investment in TDR	$ 4,700		4,700		7,300
TDR on non accrual status			$ 1,000		$ 1,100
Residential loan | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property			80.00%
Maximum | Home equity | Real estate
Loans and Leases Receivable Disclosure [Line Items]
Private mortgage percentage of appraised value property			80.00%

SHAREHOLDERS' EQUITY (Detail Te

SHAREHOLDERS' EQUITY (Detail Textuals) - USD ($)	May 15, 2014	Nov. 20, 2015	Sep. 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 49

SHAREHOLDERS' EQUITY (Detail Textuals 1) - USD ($) $ / shares in Units, $ in Thousands	Oct. 01, 2014	Sep. 30, 2016	Jul. 27, 2016	Apr. 27, 2016	Jan. 27, 2016	Sep. 30, 2016	Sep. 30, 2015
Stockholders Equity Note [Line Items]
Cash dividend declared amount per share		$ 0.07	$ 0.05	$ 0.05	$ 0.05	$ 0.07
Dividends payable date declared		Sep. 30, 2016	Jul. 27, 2016	Apr. 27, 2016	Jan. 27, 2016
Dividends payable date to be paid		Nov. 28, 2016	Aug. 26, 2016	May 26, 2016	Feb. 22, 2016
Dividends payable date of record		Nov. 18, 2016	Aug. 16, 2016	May 16, 2016	Feb. 12, 2016
Percentage of dividend rate increased		40.00%
Number of common stock shares purchased under each warrant		0.3221				0.3221
Exercise price of warrant		$ 14				$ 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				304,639
Declared and paid cash dividends on preferred stock							$ 82
Number of common stock share included in each unit issued		1				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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	$ (284)	$ 113	$ 227	$ 531
Other comprehensive (loss) income before reclassifications	347	(388)	(72)	(806)
Amounts reclassified from accumulated other comprehensive income			(92)
Net other comprehensive (loss) income	347	(388)	(164)	(806)
Balance	63	(275)	63	(275)
Net Unrealized Gain (Loss) on Available for Sale Securities
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	1,227	368	405	644
Other comprehensive (loss) income before reclassifications	(241)	116	673	(160)
Amounts reclassified from accumulated other comprehensive income			(92)
Net other comprehensive (loss) income	(241)	116	581	(160)
Balance	986	484	986	484
Net Unrealized Gain (Loss) on Interest Rate Swap
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance	(1,511)	(255)	(178)	(113)
Other comprehensive (loss) income before reclassifications	588	(504)	(745)	(646)
Amounts reclassified from accumulated other comprehensive income
Net other comprehensive (loss) income	588	(504)	(745)	(646)
Balance	$ (923)	$ (759)	$ (923)	$ (759)

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of earnings available to common stockholders and basic weighted-average common shares outstanding to diluted weighted average common shares outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 3,140	$ 2,253	$ 9,027	$ 6,412
Preferred stock dividends		(27)		(82)
Dividends to participating securities	(6)		(18)
Undistributed earnings allocated to participating securities	(56)	(63)	(155)	(170)
Net income for earnings per share calculation	$ 3,078	$ 2,163	$ 8,854	$ 6,160
Weighted average shares outstanding, basic	7,397,067	7,044,586	7,388,364	7,038,517
Effect of dilutive equity-based awards	92	14	71	18
Weighted average shares outstanding, diluted	7,488,752	7,059,117	7,459,283	7,057,450
Net earnings per common share:
Basic earnings per common share (in dollars per share)	$ 0.42	$ 0.31	$ 1.20	$ 0.88
Diluted earnings per common share (in dollars per share)	$ 0.41	$ 0.31	$ 1.19	$ 0.87

REGULATORY MATTERS - Capital am

REGULATORY MATTERS - Capital amounts and ratios for Bank (Details) - USD ($) $ in Thousands	Sep. 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	$ 153,398	$ 142,651
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	11.64%	12.18%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 59,309	$ 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	$ 85,669	$ 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	$ 169,886	$ 156,820
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	12.89%	13.39%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 105,439	$ 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	$ 131,799	$ 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	$ 153,398	$ 142,651
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	11.64%	12.18%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 79,079	$ 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	$ 105,439	$ 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	$ 153,398	$ 142,651
Tier I Capital to Average Assets, Actual Capital, Ratio	10.45%	10.84%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 58,706	$ 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	$ 73,383	$ 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	$ 136,858	$ 128,692
Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.34%	10.92%
Common Equity Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 59,538	$ 53,052
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
Common Equity Tier 1 Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio
Total Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 178,447	$ 167,867
Total Capital to Risk-Weighted Assets, Actual Capital, Ratio	13.49%	14.24%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 105,845	$ 94,315
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
Total Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio
Tier I Capital to Risk-Weighted Assets, Actual Capital, Amount	$ 136,858	$ 128,692
Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio	10.34%	10.92%
Tier I Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Amount	$ 79,384	$ 70,736
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
Tier I Capital to Risk-Weighted AssetsTo be Well Capitalized Under Prompt Corrective Action Provisions, Ratio
Tier I Capital to Average Assets, Actual Capital, Amount	$ 136,858	$ 128,692
Tier I Capital to Average Assets, Actual Capital, Ratio	9.14%	9.75%
Tier I Capital to Average Assets, For Capital Adequacy Purposes, Amount	$ 59,908	$ 52,819
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
Tier I Capital to Average Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio

REGULATORY MATTERS (Detail Text

REGULATORY MATTERS (Detail Textuals)	9 Months Ended
	Sep. 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%
Required minimum conservation buffer on January 1, 2016	0.625%
Required minimum conservation buffer on January 1, 2017	1.25%
Required minimum conservation buffer on January 1, 2018	1.875%
Required minimum conservation buffer on January 1, 2019	2.50%
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier I capital to Risk-weighted Assets	4.50%
Leverage ratio	4.00%
Tier 1 capital to risk-weighted assets requirement	6.00%	4.00%
Total capital to risk-weighted assets requirement	8.00%
Regulatory risk based capital conservation buffer	2.50%

STOCK-BASED COMPENSATION - Outs

STOCK-BASED COMPENSATION - Outstanding share options (Details)	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Number of Shares
Options outstanding at beginning of period | shares	195,928
Exercised | shares	(17,600)
Expired | shares	(10,820)
Options outstanding at end of period | shares	167,508
Options exercisable at end of period | shares	166,058
Weighted Average Exercise Price
Options outstanding at beginning of period | $ / shares	$ 18.07
Exercised | $ / shares	16.09
Expired | $ / shares	17.85
Options outstanding at end of period | $ / shares	18.29
Options exercisable at end of period | $ / shares	$ 18.32

STOCK-BASED COMPENSATION - Acti

STOCK-BASED COMPENSATION - Activity for restricted stock (Details 1)	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Number of Shares
Unvested at beginning of period | shares	143,323
Granted | shares	29,300
Vested | shares	(11,232)
Forfeited | shares	(683)
Unvested at end of period | shares	160,708
Weighted Average Grant Date Fair Value
Unvested at beginning of period | $ / shares	$ 15.92
Granted | $ / shares	22.3
Vested | $ / shares	16.04
Forfeited | $ / shares	20.04
Unvested at end of period | $ / shares	$ 18.55

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	Dec. 09, 2014	Jan. 31, 2016	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested			11,232
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			$ 7	$ 11
Total intrinsic value of share options exercised			72
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expenses			$ 781	796
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			480,807
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expenses			$ 161	$ 128
Grant date fair value for shares granted	$ 18.99
Incremental cost		$ 13.66
BNC Financial Group Inc Stock Option Plan 2012 | Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested	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	9 Months Ended	12 Months Ended
	Jun. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Fair Value Asset (Liability)		$ (1,424)	$ (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		3-month LIBOR	3-month LIBOR
Paid		1.62%	1.62%
Fair Value Asset (Liability)		$ (347)	$ (181)
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000	$ 25,000
Original Maturity	5 years	5 years	5 years
Received		3-month LIBOR	3-month LIBOR
Paid		1.83%	1.83%
Fair Value Asset (Liability)		$ (618)	$ (276)
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount	$ 25,000	$ 25,000	$ 25,000
Original Maturity	5 years	5 years	5 years
Received		3-month LIBOR	3-month LIBOR
Paid		1.48%	1.48%
Fair Value Asset (Liability)		$ (367)	$ 181
Interest rate swap on FHLB advance
Derivative [Line Items]
Notional Amount		$ 25,000
Original Maturity		5 years
Received		3-month LIBOR
Paid		1.22%
Fair Value Asset (Liability)		$ (92)

DERIVATIVE INSTRUMENTS - Forwar

DERIVATIVE INSTRUMENTS - Forward starting interest rate swap transactions (Details 1) - Interest rate swap - Cash Flow Hedging - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest rate swap on FHLB advance:
Unrealized gains (losses) recognized in accumulated other comprehensive income	$ 904	$ (826)	$ (1,147)	$ (1,058)
Income tax (expense) benefit on items recognized in accumulated other comprehensive income	(316)	322	402	412
Other comprehensive income (loss)	588	(504)	(745)	(646)
Interest expense recognized on hedged FHLB advance	$ 386	$ 253	$ 999	$ 681

FAIR VALUE OF FINANCIAL INSTR60

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying values and fair values of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financial Assets:
Federal funds sold	$ 1,357	$ 39,035
Available for sale securities	82,752	40,581
Held to maturity securities	16,901	10,228
Carrying Value
Financial Assets:
Cash and due from banks	94,731	49,562
Federal funds sold	1,357	39,035
Available for sale securities	82,752	40,581
Held to maturity securities	16,909	10,226
Loans held for sale	400
Loans receivable, net	1,305,065	1,129,748
Accrued interest receivable	4,499	4,071
FHLB stock	7,943	6,554
Financial Liabilities:
Demand deposits	176,405	164,553
NOW and money market	382,484	347,846
Savings	63,501	97,846
Time deposits	594,552	436,697
Advances from the FHLB	175,000	120,000
Subordinated debentures	25,038	25,000
Derivative liability	1,424	276
Fair Value
Financial Assets:
Cash and due from banks	94,731	49,562
Federal funds sold	1,357	39,035
Available for sale securities	82,752	40,581
Held to maturity securities	16,901	10,228
Loans held for sale	400
Loans receivable, net	1,318,755	1,135,227
Accrued interest receivable	4,499	4,071
FHLB stock	7,943	6,554
Financial Liabilities:
Demand deposits	176,405	164,553
NOW and money market	382,484	347,846
Savings	63,501	97,846
Time deposits	597,417	438,214
Advances from the FHLB	175,652	120,025
Subordinated debentures	23,252	24,505
Derivative liability	1,424	276
Level 1
Financial Assets:
Cash and due from banks	94,731	49,562
Federal funds sold	1,357	39,035
Available for sale securities
Held to maturity securities
Loans held for sale
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	82,752	40,581
Held to maturity securities	16,901	10,228
Loans held for sale	400
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	1,424	276
Level 3
Financial Assets:
Cash and due from banks
Federal funds sold
Available for sale securities
Held to maturity securities
Loans held for sale
Loans receivable, net	1,318,755	1,135,227
Accrued interest receivable	4,499	4,071
FHLB stock	7,943	6,554
Financial Liabilities:
Demand deposits	176,405	164,553
NOW and money market	382,484	347,846
Savings	63,501	97,846
Time deposits	597,417	438,214
Advances from the FHLB	175,652	120,025
Subordinated debentures	23,252	24,505
Derivative liability

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Available-for-sale investment securities:
Available for sale securities	$ 82,752	$ 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	(1,424)	(276)
Fair Value Measurements Recurring | Level 2 | U.S. Government and agency obligations
Available-for-sale investment securities:
Available for sale securities	54,678	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	16,560	17,504
Fair Value Measurements Recurring | Level 2 | Corporate bonds
Available-for-sale investment securities:
Available for sale securities	11,514	11,437
Fair Value Measurements Recurring | Level 2 | Mortgage backed securities
Available-for-sale investment securities:
Available for sale securities		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 - Fin62

FAIR VALUE MEASUREMENTS - Financial instruments carried at fair value on nonrecurring basis (Details 1) - Fair Value Measurements Nonrecurring - USD ($) $ in Thousands	Sep. 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	8,066	10,922
Foreclosed real estate	$ 272	$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,066	$ 10,922
Foreclosed real estate	272	1,248
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,066	$ 10,922
Valuation Methodology, Appraisals	Appraisals	Appraisals
Valuation Methodology, Discounted cash flows	Discounted cash flows	Discount to appraised value
Impaired loans | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount to appraised value	8.00%	8.00%
Unobservable Input, Discount rate	4.25%	3.25%
Impaired loans | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount to appraised value	18.00%	10.00%
Unobservable Input, Discount rate	6.25%	7.00%
Foreclosed Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	$ 272	$ 1,248
Valuation Methodology, Appraisals	Appraisals	Appraisals
Foreclosed Real Estate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount to appraised value		10.00%
Foreclosed Real Estate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount to appraised value		25.00%
Foreclosed Real Estate | Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable Input, Discount to appraised value	20.00%

SUBORDINATED DEBENTURES (Detail

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