BSB Bancorp 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	BLMT
Entity Registrant Name	BSB BANCORP, INC.
Entity Central Index Key	1,522,420
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,101,433

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 1,603	$ 1,871
Interest-bearing deposits in other banks	52,240	49,390
Cash and cash equivalents	53,843	51,261
Interest-bearing time deposits with other banks	134	131
Investments in available-for-sale securities	22,122	21,876
Investments in held-to-maturity securities (fair value of $139,496 as of June 30, 2016 (unaudited) and $136,728 as of December 31, 2015)	137,341	137,119
Federal Home Loan Bank stock, at cost	21,824	18,309
Loans held for sale		1,245
Loans, net of allowance for loan losses of $12,543 as of June 30, 2016 (unaudited) and $11,240 as of December 31, 2015	1,689,295	1,534,957
Premises and equipment, net	2,561	2,657
Accrued interest receivable	4,351	3,781
Deferred tax asset, net	7,336	6,726
Income taxes receivable	692
Bank-owned life insurance	35,261	29,787
Other assets	4,337	5,067
Total assets	1,979,097	1,812,916
Deposits:
Noninterest-bearing	185,149	192,476
Interest-bearing	1,199,476	1,077,043
Total deposits	1,384,625	1,269,519
Federal Home Loan Bank advances	423,250	374,000
Securities sold under agreements to repurchase	1,771	3,695
Other borrowed funds		1,020
Accrued interest payable	1,016	993
Deferred compensation liability	6,901	6,434
Income taxes payable		184
Other liabilities	8,496	10,868
Total liabilities	1,826,059	1,666,713
Stockholders' Equity:
Common stock; $0.01 par value, 100,000,000 shares authorized; 9,100,815 and 9,086,639 shares issued and outstanding at June 30, 2016 (unaudited) and December 31, 2015, respectively	91	91
Additional paid-in capital	90,745	89,648
Retained earnings	66,008	60,517
Accumulated other comprehensive income (loss)	54	(116)
Unearned compensation - ESOP	(3,860)	(3,937)
Total stockholders' equity	153,038	146,203
Total liabilities and stockholders' equity	$ 1,979,097	$ 1,812,916

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investments in held-to-maturity securities, fair value	$ 139,496	$ 136,728
Loans, allowance for loan losses	$ 12,543	$ 11,240
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	9,100,815	9,086,639
Common stock, shares outstanding	9,100,815	9,086,639

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income:
Interest and fees on loans	$ 14,138	$ 10,679	$ 27,550	$ 20,911
Interest on taxable debt securities	801	738	1,629	1,479
Dividends	186	64	341	122
Other interest income	39	22	84	44
Total interest and dividend income	15,164	11,503	29,604	22,556
Interest expense:
Interest on deposits	2,348	1,941	4,472	3,696
Interest on Federal Home Loan Bank advances	1,108	527	2,135	1,058
Interest on securities sold under agreements to repurchase	1	1	2	1
Interest on other borrowed funds		7	5	14
Total interest expense	3,457	2,476	6,614	4,769
Net interest and dividend income	11,707	9,027	22,990	17,787
Provision for loan losses	741	365	1,340	704
Net interest and dividend income after provision for loan losses	10,966	8,662	21,650	17,083
Noninterest income:
Customer service fees	224	204	450	415
Income from bank-owned life insurance	237	202	470	389
Net gain on sales of loans	106	293	167	332
Loan servicing fee income	92	143	205	304
Other income	46	106	75	264
Total noninterest income	705	948	1,367	1,704
Noninterest expense:
Salaries and employee benefits	4,359	4,377	8,959	8,721
Director compensation	247	215	481	492
Occupancy expense	240	264	492	557
Equipment expense	109	140	214	284
Deposit insurance	287	232	567	450
Data processing	879	772	1,761	1,527
Professional fees	187	177	422	389
Marketing	208	266	429	519
Other expense	468	545	915	985
Total noninterest expense	6,984	6,988	14,240	13,924
Income before income tax expense	4,687	2,622	8,777	4,863
Income tax expense	1,735	1,019	3,286	1,886
Net income	$ 2,952	$ 1,603	$ 5,491	$ 2,977
Earnings per share
Basic	$ 0.34	$ 0.19	$ 0.63	$ 0.34
Diluted	$ 0.33	$ 0.18	$ 0.61	$ 0.34

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 2,952	$ 1,603	$ 5,491	$ 2,977
Other comprehensive income (loss), net of tax:
Net change in fair value of securities available for sale	94	(93)	170	(10)
Total other comprehensive income (loss)	94	(93)	170	(10)
Total comprehensive income	$ 3,046	$ 1,510	$ 5,661	$ 2,967

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Employee Stock Ownership Plan Unearned Compensation
Balance (in shares) at Dec. 31, 2014		9,067,792
Balance at Dec. 31, 2014	$ 137,010	$ 91	$ 87,428	$ 53,603	$ (22)	$ (4,090)
Net income	2,977			2,977
Other comprehensive income (loss)	(10)				(10)
Release of ESOP stock	156		79			77
Stock based compensation-restricted stock awards	424		424
Stock based compensation-stock options	386		386
Tax benefit from stock based compensation	44		44
Stock option exercises, net of shares surrendered	166		166
Stock option exercises, net of shares surrendered (in shares)		16,289
Balance (in shares) at Jun. 30, 2015		9,084,081
Balance at Jun. 30, 2015	$ 141,153	$ 91	88,527	56,580	(32)	(4,013)
Balance (in shares) at Dec. 31, 2015	9,086,639	9,086,639
Balance at Dec. 31, 2015	$ 146,203	$ 91	89,648	60,517	(116)	(3,937)
Net income	5,491			5,491
Other comprehensive income (loss)	170				170
Release of ESOP stock	172		95			77
Stock based compensation-restricted stock awards	425		425
Stock based compensation-stock options	387		387
Tax benefit from stock based compensation	54		54
Stock option exercises, net of shares surrendered	$ 136		136
Stock option exercises, net of shares surrendered (in shares)		14,176
Balance (in shares) at Jun. 30, 2016	9,100,815	9,100,815
Balance at Jun. 30, 2016	$ 153,038	$ 91	$ 90,745	$ 66,008	$ 54	$ (3,860)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 5,491	$ 2,977
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of securities, net	381	334
Gain on sales of loans, net	(167)	(332)
Loans originated for sale	(5,151)	(10,137)
Proceeds from sales of loans	6,562	20,585
Provision for loan losses	1,340	704
Change in net unamortized mortgage premiums	(823)	(241)
Change in net deferred loan costs	675	(124)
ESOP expense	172	156
Stock based compensation expense	812	810
Excess tax benefit from stock based compensation	(54)	(44)
Depreciation and amortization expense	308	383
Deferred income tax benefit	(724)	(210)
Increase in bank-owned life insurance	(470)	(389)
Net change in:
Accrued interest receivable	(570)	(266)
Other assets	730	(132)
Income taxes receivable	(692)	(426)
Income taxes payable	(130)
Accrued interest payable	23	30
Deferred compensation liability	467	441
Other liabilities	(2,510)	(187)
Net cash provided by operating activities	5,670	13,932
Cash flows from investing activities:
Maturities of interest-bearing time deposits with other banks	131
Purchases of interest-bearing time deposits with other banks	(134)
Proceeds from maturities, payments, and calls of held-to-maturity securities	11,586	9,604
Purchases of held-to-maturity securities	(12,151)	(20,175)
Redemption of Federal Home Loan Bank stock	1,240
Purchases of Federal Home Loan Bank stock	(4,755)	(1,370)
Recoveries of loans previously charged off	13	19
Loan originations and principal collections, net	(7,050)	(26,964)
Purchases of loans	(149,512)	(96,384)
Capital expenditures	(212)	(205)
Premiums paid on bank-owned life insurance	(5,004)	(5,005)
Net cash used in investing activities	(165,848)	(140,480)
Cash flows from financing activities:
Net increase in demand deposits, NOW and savings accounts	63,934	130,795
Net increase in time deposits	51,172	34,400
Net proceeds from long-term Federal Home Loan Bank borrowings	116,250	15,000
Net change in short-term Federal Home Loan Bank advances	(67,000)	(59,000)
Net (decrease) increase in securities sold under agreement to repurchase	(1,924)	1,068
Repayment of principal on other borrowed funds		(23)
Net increase (decrease) in mortgagors' escrow accounts	138	(165)
Net proceeds from exercise of stock options	136	166
Excess tax benefit from stock based compensation	54	44
Net cash provided by financing activities	162,760	122,285
Net increase (decrease) in cash and cash equivalents	2,582	(4,263)
Cash and cash equivalents at beginning of period	51,261	51,767
Cash and cash equivalents at end of period	53,843	47,504
Supplemental disclosures:
Interest paid	6,591	4,739
Income taxes paid	4,832	2,522
Transfer of loans held for investment to loans held for sale		$ 10,116
Derecognition of loans and related recourse obligation in other borrowings	$ 1,020

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of BSB Bancorp, Inc. have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The consolidated financial statements of BSB Bancorp, Inc. include the balances and results of operations of BSB Bancorp, Inc., a Maryland corporation, and its wholly-owned subsidiaries, Belmont Savings Bank and BSB Funding Corporation and the Bank’s wholly owned subsidiary, BSB Investment Corporation (referred to herein as “the Company,” “we,” “us,” or “our”). Intercompany transactions and balances are eliminated in the consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the Company’s financial position as of June 30, 2016 and December 31, 2015 and the results of operations and cash flows for the interim periods ended June 30, 2016 and 2015. All interim amounts have not been audited, and the results of operations for the interim periods herein are not necessarily indicative of the results of operations to be expected for the fiscal year. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Certain previously reported amounts have been reclassified to conform to the current period’s presentation.

RECENT ACCOUNTING STANDARDS UPD

RECENT ACCOUNTING STANDARDS UPDATES	6 Months Ended
	Jun. 30, 2016
RECENT ACCOUNTING STANDARDS UPDATES	NOTE 2 – RECENT ACCOUNTING STANDARDS UPDATES In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01, among other things, (i) requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, (iv) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, (v) requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments, (vi) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements and (vii) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . In June 2016, the FASB issue ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The update changes the impairment model for most financial assets and sets forth a “current expected credit loss” (CECL) model which will require the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This method is forward-looking and will generally result in earlier recognition of allowances for losses.This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and also applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of this ASU on its consolidated financial statements.

INVESTMENTS IN SECURITIES

INVESTMENTS IN SECURITIES	6 Months Ended
	Jun. 30, 2016
INVESTMENTS IN SECURITIES	NOTE 3—INVESTMENTS IN SECURITIES The amortized cost basis of available-for-sale and held-to-maturity securities and their approximate fair values were as follows at the dates indicated (in thousands): June 30, 2016 December 31, 2015 Amortized Gross Gross Fair Amortized Gross Gross Fair (unaudited) Available-for-sale securities: Corporate debt securities $ 22,088 $ 49 $ (15 ) $ 22,122 $ 22,126 $ 35 $ (285 ) $ 21,876 $ 22,088 $ 49 $ (15 ) $ 22,122 $ 22,126 $ 35 $ (285 ) $ 21,876 Held-to-maturity securities: U.S. government sponsored mortgage-backed securities $ 119,713 $ 1,488 $ (63 ) $ 121,138 $ 119,517 $ 460 $ (965 ) $ 119,012 Corporate debt securities 17,628 730 — 18,358 17,602 141 (27 ) 17,716 $ 137,341 $ 2,218 $ (63 ) $ 139,496 $ 137,119 $ 601 $ (992 ) $ 136,728 The amortized cost basis and estimated fair value of debt securities by contractual maturity at June 30, 2016 is as follows (in thousands and unaudited). Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2016 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (unaudited) (unaudited) Due within one year $ — $ — $ 16 $ 16 Due after one year through five years 12,780 12,828 9,110 9,173 Due after five years through ten years 9,308 9,294 51,982 53,249 Due after ten years — — 76,233 77,058 $ 22,088 $ 22,122 $ 137,341 $ 139,496 When securities are sold, the adjusted cost basis of the specific security sold is used to compute the gain or loss on the sale. During the three and six months ended June 30, 2016 (unaudited) and June 30, 2015 (unaudited), there were no sales of available-for-sale securities. Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows (in thousands): Less than 12 Months Over 12 Months # of Fair Value Unrealized Fair Unrealized June 30, 2016 (unaudited): Available-for-sale Corporate debt securities 1 $ 4,985 $ (15 ) $ — $ — Held-to-maturity U.S. government sponsored mortgage-backed securities 14 5,939 (20 ) 7,428 (43 ) Total temporarily impaired securities 15 $ 10,924 $ (35 ) $ 7,428 $ (43 ) December 31, 2015: Available-for-sale Corporate debt securities 4 $ 9,745 $ (75 ) $ 4,127 $ (210 ) Held-to-maturity Corporate debt securities 3 4,733 (27 ) — — U.S. government sponsored mortgage-backed securities 52 89,366 (822 ) 5,430 (143 ) Total temporarily impaired securities 59 $ 103,844 $ (924 ) $ 9,557 $ (353 ) The investment securities portfolio is generally evaluated for other-than-temporary impairment under Accounting Standards Codification (“ASC”) 320-10, “Investments - Debt and Equity Securities.” Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. At June 30, 2016 (unaudited), 15 debt securities were in an unrealized loss position. When there are securities in an unrealized loss position, consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Based on the Company’s June 30, 2016 (unaudited) quarterly review of securities in the investment portfolio, management has determined that unrealized losses related to 15 debt securities with aggregate depreciation of 0.42% from the Company’s amortized cost basis were caused primarily by changes in market interest rates. The contractual terms of these investments do not permit the companies to settle the security at a price less than the par value of the investment. The Company currently does not believe it is probable that it will be unable to collect all amounts due according to the contractual terms of the investments. Therefore, it is expected that the securities would not be settled at a price less than the par value of the investment. Because the Company does not intend to sell the investments and it is more likely than not that the Company will not be required to sell the investments before recovery of their amortized cost basis, it does not consider these investments to be other-than-temporarily impaired at June 30, 2016. At December 31, 2015, 59 debt securities had unrealized losses with aggregate depreciation of 1.11% from the Company’s amortized cost basis. The Company’s unrealized losses on investments in corporate bonds and mortgage-backed securities are primarily caused by changes in market interest rates. In addition to the securities listed above, the Company holds investments in a Rabbi Trust that are used to fund the executive and director non-qualified deferred compensation plan. These investments are available to satisfy the claims of general creditors of the Company in the event of bankruptcy and are included in our consolidated balance sheets in other assets. The investments consisted primarily of mutual funds and are classified as trading securities and recorded at fair value. The fair value of these investments at June 30, 2016 (unaudited) and December 31, 2015 was $2.5 million and $2.5 million, respectively. For the three and six month periods ending June 30, 2016 (unaudited), the net gain on these investments still held at the reporting date was $13,000 and $14,000, respectively. For the three and six month periods ending June 30, 2015 (unaudited), the net loss and net gain on these investments still held at the reporting date was $(9,000) and $30,000, respectively. Refer to Note 7 – Employee and Director Benefit Plans, for more information.

LOANS, ALLOWANCE FOR LOAN LOSSE

LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY	6 Months Ended
	Jun. 30, 2016
LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY	NOTE 4 – LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, deferred fees or costs on originated loans, and any premiums or discounts on purchased loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on all loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Payments received on impaired loans are applied to reduce the recorded investment in the loan principal to the extent necessary to eliminate doubt as to the collectability of the net carrying amount of the loan. Some or all of the payments received on impaired loans are recognized as interest income if the remaining net carrying amount of the loan is deemed to be fully collectible. When recognition of interest income on an impaired loan on a cash basis is appropriate, the amount of income that is recognized is limited to that which would have been accrued on the net carrying amount of the loan at the contractual interest rate. Any cash interest payments received in excess of the limit and not applied to reduce the net carrying amount of the loan are recorded as recoveries of charge-offs until the charge-offs are fully recovered. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components, as further described below. General Component: The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, home equity lines of credit, commercial real estate, construction, commercial, indirect auto and other consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the six months ended June 30, 2016 or during fiscal year 2015. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate loans and home equity lines of credit – The Company generally does not originate or purchase loans with a loan-to-value ratio greater than 80 percent and generally does not grant subprime loans. Loans in this segment are generally collateralized by owner-occupied residential real estate and repayment is dependent on the cash flow and credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Commercial real estate loans – Loans in this segment are primarily secured by income-producing properties in eastern Massachusetts. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy and increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management generally obtains rent rolls annually and continually monitors the cash flows of these borrowers. Construction loans – Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale and/or lease up of the property. Credit risk is affected by cost overruns, time to sell, or lease at adequate prices, and market conditions. Commercial loans – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer and business spending, will have an effect on the credit quality in this segment. Indirect auto loans – Loans in this segment are secured installment loans that were originated through a network of select regional automobile dealerships. The Company’s interest in the vehicle is secured with a recorded lien on the state title of each automobile. Collections are sensitive to changes in borrower financial circumstances, and the collateral can depreciate or be damaged in the event of repossession. Repayment is primarily dependent on the credit worthiness and the cash flow of the individual borrower and secondarily, liquidation of the collateral. Other consumer loans—Loans in this segment include secured and unsecured consumer loans including passbook loans, consumer lines of credit and overdraft protection, and consumer unsecured loans. Repayment is dependent on the credit quality and the cash flow of the individual borrower. Allocated Component: The allocated component relates to loans that are classified as impaired. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are classified as impaired. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral-dependent. Generally, TDRs are measured for impairment using the discounted cash flow method except in instances where foreclosure is probable in which case the fair value of collateral method is used. When the fair value of the impaired loan is determined to be less than the recorded investment in the loan, the impairment is recorded through the valuation allowance. However, for collateral dependent loans, the amount of the recorded investment in a loan that exceeds the fair value of the collateral is charged-off against the allowance for loan losses in lieu of an allocation of a specific allowance amount when such an amount has been identified definitively as uncollectable. Unallocated Component: An unallocated component may be maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. At June 30, 2016 (unaudited) and December 31, 2015, the Company had unallocated reserves of $476,000 and $213,000, respectively. Loans consisted of the following (dollars in thousands): June 30, 2016 December 31, 2015 Amount Percent Amount Percent (unaudited) Mortgage loans: Residential one-to-four family $ 833,607 49.26 % $ 709,426 46.15 % Commercial real estate loans (1) 484,328 28.61 449,391 29.24 Home equity lines of credit 170,363 10.06 160,040 10.41 Construction loans 63,034 3.72 60,722 3.95 Total mortgage loans 1,551,332 91.65 1,379,579 89.75 Commercial loans 60,249 3.56 53,192 3.46 Consumer loans: Indirect auto loans 80,656 4.76 103,965 6.76 Other consumer loans 445 0.03 453 0.03 141,350 8.35 157,610 10.25 Total loans 1,692,682 100.00 % 1,537,189 100.00 % Net deferred loan costs 3,988 4,663 Net unamortized mortgage premiums 5,168 4,345 Allowance for loan losses (12,543 ) (11,240 ) Total loans, net $ 1,689,295 $ 1,534,957 (1) Includes multi-family real estate loans. The following tables (in thousands) present the activity in the allowance for loan losses by portfolio class for the three and six months ended June 30, 2016 and 2015 (unaudited); and the balances of the allowance for loan losses and recorded investment in loans by portfolio class based on impairment method at June 30, 2016 (unaudited) and December 31, 2015. The recorded investment in loans in any of the following tables does not include accrued and unpaid interest or any deferred loan fees or costs, as amounts are not significant. Three Months Ended June 30, 2016 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 3,980 $ 175 $ — $ — $ 4,155 Commercial real estate 4,868 (58 ) — — 4,810 Construction 679 185 — — 864 Commercial 505 193 — — 698 Home equity lines of credit 1,008 30 — — 1,038 Indirect auto 554 (36 ) (28 ) 2 492 Other consumer 9 4 (4 ) 1 10 Unallocated 228 248 — — 476 Total $ 11,831 $ 741 $ (32 ) $ 3 $ 12,543 Three Months Ended June 30, 2015 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 2,579 $ 161 $ — $ — $ 2,740 Commercial real estate 4,035 87 — — 4,122 Construction 473 112 — — 585 Commercial 416 (61 ) — — 355 Home equity lines of credit 740 87 — — 827 Indirect auto 770 (31 ) (33 ) 7 713 Other consumer 13 4 (5 ) — 12 Unallocated 177 6 — — 183 Total $ 9,203 $ 365 $ (38 ) $ 7 $ 9,537 Six Months Ended June 30, 2016 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 3,574 $ 581 $ — $ — $ 4,155 Commercial real estate 4,478 332 — — 4,810 Construction 801 63 — — 864 Commercial 613 85 — — 698 Home equity lines of credit 928 110 — — 1,038 Indirect auto 623 (100 ) (42 ) 11 492 Other consumer 10 6 (8 ) 2 10 Unallocated 213 263 — — 476 Total $ 11,240 $ 1,340 $ (50 ) $ 13 $ 12,543 Six Months Ended June 30, 2015 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 2,364 $ 376 $ — $ — $ 2,740 Commercial real estate 4,043 79 — — 4,122 Construction 228 357 — — 585 Commercial 458 (103 ) — — 355 Home equity lines of credit 828 (1 ) — — 827 Indirect auto 778 (24 ) (59 ) 18 713 Other consumer 11 8 (8 ) 1 12 Unallocated 171 12 — — 183 Total $ 8,881 $ 704 $ (67 ) $ 19 $ 9,537 June 30, 2016 Individually evaluated for impairment Collectively evaluated for impairment Total Loan balance Allowance Loan balance Allowance Loan balance Allowance Residential one-to-four family $ 4,272 $ 174 $ 829,335 $ 3,981 $ 833,607 $ 4,155 Commercial real estate 3,524 2 480,804 4,808 484,328 4,810 Construction — — 63,034 864 63,034 864 Commercial — — 60,249 698 60,249 698 Home equity lines of credit 200 — 170,163 1,038 170,363 1,038 Indirect auto — — 80,656 492 80,656 492 Other consumer — — 445 10 445 10 Unallocated — — — 476 — 476 Total $ 7,996 $ 176 $ 1,684,686 $ 12,367 $ 1,692,682 $ 12,543 December 31, 2015 Individually evaluated for impairment Collectively evaluated for impairment Total Loan balance Allowance Loan balance Allowance Loan balance Allowance Residential one-to-four family $ 4,341 $ 260 $ 705,085 $ 3,314 $ 709,426 $ 3,574 Commercial real estate 6,083 133 443,308 4,345 449,391 4,478 Construction — — 60,722 801 60,722 801 Commercial — — 53,192 613 53,192 613 Home equity lines of credit 200 — 159,840 928 160,040 928 Indirect auto 15 — 103,950 623 103,965 623 Other consumer — — 453 10 453 10 Unallocated — — — 213 — 213 Total $ 10,639 $ 393 $ 1,526,550 $ 10,847 $ 1,537,189 $ 11,240 Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of June 30, 2016 (unaudited and in thousands): Impaired loans with a related allowance for credit losses Recorded Unpaid Principal Specific Residential one-to-four family $ 1,396 $ 1,448 $ 174 Commercial real estate 2,972 2,972 2 Totals $ 4,368 $ 4,420 $ 176 Impaired loans with no related allowance for credit losses Recorded Unpaid Principal Specific Allowance Residential one-to-four family $ 2,876 $ 2,918 $ — Commercial real estate 552 552 — Home equity lines of credit 200 200 — Totals $ 3,628 $ 3,670 $ — Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of December 31, 2015 (in thousands): Impaired loans with a related allowance for credit losses Unpaid Recorded Principal Specific Investment Balance Allowance Residential one-to-four family $ 1,450 $ 1,476 $ 260 Commercial real estate 5,426 5,426 133 Totals $ 6,876 $ 6,902 $ 393 Impaired loans with no related allowance for credit losses Recorded Unpaid Specific Residential one-to-four family $ 2,891 $ 2,933 $ — Commercial real estate 657 657 — Home equity lines of credit 200 200 — Indirect auto 15 15 — Totals $ 3,763 $ 3,805 $ — The following tables set forth information regarding interest income recognized on impaired loans, by portfolio, for the periods indicated (unaudited and in thousands): Three months ended June 30, 2016 Three months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income With an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 1,400 $ 8 $ 1,178 $ 8 Commercial real estate 2,977 30 3,035 31 Totals $ 4,377 $ 38 $ 4,213 $ 39 Three months ended June 30, 2016 Three months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income Without an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 2,882 $ 19 $ 5,032 $ 25 Commercial real estate 569 6 772 8 Home equity lines of credit 200 2 294 2 Indirect auto 15 — — — Totals $ 3,666 $ 27 $ 6,098 $ 35 Six months ended June 30, 2016 Six months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income With an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 1,407 $ 16 $ 1,179 $ 17 Commercial real estate 3,783 85 3,043 62 Totals $ 5,190 $ 101 $ 4,222 $ 79 Six months ended June 30, 2016 Six months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income Without an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 2,886 $ 39 $ 5,043 $ 50 Commercial real estate 596 13 787 16 Home equity lines of credit 200 4 295 4 Indirect auto 19 — — — Totals $ 3,701 $ 56 $ 6,125 $ 70 The following is a summary of past due and non-accrual loans (in thousands): June 30, 2016 (unaudited) 30–59 Days 60–89 Days 90 Days Total 90 days Loans on Real estate loans: Residential one-to-four family $ 679 $ 627 $ 497 $ 1,803 $ — $ 1,146 Home equity lines of credit 48 — — 48 — — Other loans: Indirect auto 429 42 — 471 — — Total $ 1,156 $ 669 $ 497 $ 2,322 $ — $ 1,146 December 31, 2015 30–59 Days 60–89 Days 90 Days Total 90 days Loans on Real estate loans: Residential one-to-four family $ 1,579 $ 81 $ 411 $ 2,071 $ — $ 1,192 Commercial real estate — — — — — 2,424 Home equity lines of credit 634 — — 634 — — Other loans: Indirect auto 551 47 15 613 — 15 Total $ 2,764 $ 128 $ 426 $ 3,318 $ — $ 3,631 Credit Quality Information The Company utilizes a nine grade internal loan rating system for commercial, commercial real estate and construction loans, and a five grade internal loan rating system for certain residential real estate and home equity lines of credit that are rated if the loans become delinquent. Loans rated 1, 2, 2.5, 3 and 3.5: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 4: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 5: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 6: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 7: Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted. On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial, commercial real estate loans, and construction loans. On an annual basis, the Company engages an independent third party to review a significant portion of loans within these segments. Management uses the results of these reviews as part of its annual review process. On a quarterly basis, the Company formally reviews the ratings on all residential real estate and home equity lines of credit if they have become delinquent. Criteria used to determine the rating consists of loan-to-value and days delinquent. The following tables present the Company’s loans by risk rating at June 30, 2016 (unaudited and in thousands) and December 31, 2015 (in thousands). There were no loans rated as 6 (“doubtful”) or 7 (“loss”) at the dates indicated. June 30, 2016 Loans rated 1-3.5 Loans rated 4 Loans rated 5 Loans not rated (A) Total Residential one-to-four family $ — $ 355 $ 1,860 $ 831,392 $ 833,607 Commercial real estate 450,994 28,840 4,494 — 484,328 Construction 63,034 — — — 63,034 Commercial 60,249 — — — 60,249 Home equity lines of credit — — 799 169,564 170,363 Indirect auto — — — 80,656 80,656 Other consumer — — — 445 445 Total $ 574,277 $ 29,195 $ 7,153 $ 1,082,057 $ 1,692,682 December 31, 2015 Loans rated 1-3.5 Loans rated 4 Loans rated 5 Loans not rated (A) Total Residential one-to-four family $ — $ 359 $ 1,915 $ 707,152 $ 709,426 Commercial real estate 427,160 15,159 7,072 — 449,391 Construction 56,459 4,263 — — 60,722 Commercial 53,192 — — — 53,192 Home equity lines of credit — — 799 159,241 160,040 Indirect auto — — — 103,965 103,965 Consumer — — — 453 453 Total $ 536,811 $ 19,781 $ 9,786 $ 970,811 $ 1,537,189 (A) Residential real estate and home equity lines of credit are not formally risk rated by the Company unless the loans become delinquent. The Company periodically modifies loans to extend the term or make other concessions to help a borrower stay current on their loan and to avoid foreclosure. Any loans that are modified are reviewed by the Company to identify if a TDR has occurred, which is when, for economic or legal reasons related to a borrower’s financial difficulties, the Bank grants a concession to the borrower that it would not otherwise consider. During the three and six months ended June 30, 2016 and June 30, 2015 (unaudited), there were no loans modified and determined to be TDRs. At June 30, 2016 (unaudited), the Company had $7.6 million of troubled debt restructurings related to ten loans. The following table shows the Company’s total TDRs and other pertinent information as of the dates indicated (in thousands): June 30, 2016 December 31, 2015 (unaudited ) TDRs on Accrual Status $ 6,850 $ 7,007 TDRs on Nonaccrual Status 772 781 Total TDRs $ 7,622 $ 7,788 Amount of specific allocation included in the allowance for loan losses associated with TDRs $ 165 $ 170 Additional commitments to lend to a borrower who has been a party to a TDR $ — $ — For purposes of this table the Company generally considers a loan to have defaulted when it reaches 90 days past due. The following table shows the loans that have been modified during the past twelve months which have subsequently defaulted during the periods indicated (unaudited and in thousands except for number of contracts): For the three months ended June 30, 2016 2015 Number Recorded Number Recorded of Contracts Investment of Contracts Investment Real estate loans: Residential one-to-four family 1 $ 497 — $ — Total 1 $ 497 — $ — For the six months ended June 30, 2016 2015 Number Recorded Number Recorded of Contracts Investment of Contracts Investment Real estate loans: Residential one-to-four family 1 $ 497 — $ — Total 1 $ 497 — $ — Foreclosure Proceedings Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totaled $497,000 as of June 30, 2016 (unaudited) and $412,000 as of December 31, 2015. We did not have any foreclosed residential real estate property as of June 30, 2016 (unaudited) and as of December 31, 2015.

TRANSFERS AND SERVICING

TRANSFERS AND SERVICING	6 Months Ended
	Jun. 30, 2016
TRANSFERS AND SERVICING	NOTE 5 – TRANSFERS AND SERVICING Certain residential mortgage loans are periodically sold by the Company to the secondary market. Generally, these loans are sold without recourse or other credit enhancements. The Company sells loans and both releases and retains the servicing rights. For loans sold with the servicing rights retained, we provide the servicing for the loans on a per-loan fee basis. The Company has also periodically sold auto loans to other financial institutions without recourse or other credit enhancements, and the Company generally provides servicing for these loans. At June 30, 2016 (unaudited) and December 31, 2015, residential loans previously sold and serviced by the Company were $65.8 million and $65.9 million, respectively. At June 30, 2016 (unaudited) and December 31, 2015, indirect auto loans previously sold and serviced by the Company were $41.6 million and $57.8 million, respectively. On March 16, 2006, seventeen loans with an aggregate principal balance of $10.5 million were sold to another financial institution. The agreement related to this sale contained provisions requiring the Company to repurchase any loan that became 90 days past due during the initial 120 months. The Company would repurchase the past due loan for 100 percent of the unpaid principal plus interest to repurchase date. During the six months ended June 30, 2016, the recourse provision expired and both the loans and recourse obligation were derecognized from the consolidated balance sheet. As of June 30, 2016 (unaudited) and December 31, 2015, the Company’s recorded balance of these loans sold with recourse amounted to $0 and $1.0 million, respectively. The Company did not incur any losses related to these loans. Mortgage servicing rights (MSR) are initially recorded as an asset and measured at fair value when loans are sold to third parties with servicing rights retained. MSR assets are amortized in proportion to, and over the period of, estimated net servicing revenues. The carrying value of these assets is periodically reviewed for impairment using the lower of amortized cost or fair value methodology. The fair value of the servicing rights is determined by estimating the present value of future net cash flows, taking into consideration market loan prepayment speeds, discount rates, servicing costs and other economic factors. For purposes of measuring impairment, the underlying loans are stratified into relatively homogeneous pools based on predominant risk characteristics which include product type (i.e., fixed or adjustable) and interest rate bands. If the aggregate carrying value of the capitalized mortgage servicing rights for a stratum exceeds its fair value, MSR impairment is recognized in earnings through a valuation allowance for the difference. As the loans are repaid and net servicing revenue is earned, the MSR asset is amortized as an offset to loan servicing income. Servicing revenues are expected to exceed this amortization expense. However, if actual prepayment experience or defaults exceed what was originally anticipated, net servicing revenues may be less than expected and mortgage servicing rights may be impaired. No servicing assets or liabilities related to auto loans were recorded, as the contractual servicing fees are adequate to compensate the Company for its servicing responsibilities. Changes in mortgage servicing rights, which are included in other assets, were as follows (in thousands): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 (unaudited) (unaudited) Balance at beginning of period $ 466 $ 463 $ 479 $ 476 Capitalization 29 55 46 77 Amortization (24 ) (24 ) (45 ) (47 ) Valuation allowance adjustment (14 ) (19 ) (23 ) (31 ) Balance at end of period $ 457 $ 475 $ 457 $ 475

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWED FUNDS	6 Months Ended
	Jun. 30, 2016
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWED FUNDS	NOTE 6 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWED FUNDS The securities sold under agreements to repurchase as of June 30, 2016 (unaudited) and December 31, 2015 are securities sold on a short-term basis by the Company that have been accounted for not as sales but as borrowings. The securities consisted of mortgage-backed securities issued by U.S. government sponsored entities. The securities were held in the Company’s safekeeping account at the Federal Home Loan Bank of Boston under the control of the Company. The securities are pledged to the purchasers of the securities. The purchasers have agreed to sell to the Company identical securities at the maturity of the agreements. The balance of securities sold under agreements to repurchase as of June 30, 2016 (unaudited) and December 31, 2015 was $1.8 million and $3.7 million, respectively. Other borrowed funds consist of the recourse obligation recorded in connection with the loans sold with recourse discussed in Note 5. The balance of the recourse obligation at June 30, 2016 (unaudited) and December 31, 2015 was $0 and $1.0 million, respectively.

EMPLOYEE AND DIRECTOR BENEFIT P

EMPLOYEE AND DIRECTOR BENEFIT PLANS	6 Months Ended
	Jun. 30, 2016
EMPLOYEE AND DIRECTOR BENEFIT PLANS	NOTE 7 – EMPLOYEE AND DIRECTOR BENEFIT PLANS Belmont Savings Bank Supplemental Executive Retirement Plan The purpose of the Belmont Savings Bank Supplemental Executive Retirement Plan is to remain competitive with our peers in our compensation arrangements and to help us retain certain executive officers of the Company. At June 30, 2016 (unaudited) and December 31, 2015, there were four participants in the Plan. Participants are fully vested after the completion of between five and ten years of service. The plan is unfunded. The estimated liability at June 30, 2016 (unaudited) and December 31, 2015 relating to this plan was $1.5 million and $1.3 million, respectively. Other Supplemental Retirement Plans The Company has supplemental retirement plans for eligible executive officers that provide for a lump sum benefit upon termination of employment at or after age 55 and completing 10 or more years of service (certain reduced benefits are available prior to attaining age 55 or fewer than 10 years of service), subject to certain limitations as set forth in the agreements. The present value of these future payments is being accrued over the service period. The estimated liability at June 30, 2016 (unaudited) and December 31, 2015 relating to these plans was $2.2 million and $2.0 million, respectively. The Company has a supplemental retirement plan for eligible directors that provides for monthly benefits based upon years of service to the Company, subject to certain limitations as set forth in the agreements. The present value of these future payments is being accrued over the estimated period of service. The estimated liability at June 30, 2016 (unaudited) and December 31, 2015 relating to this plan was $649,000 and $635,000, respectively. Incentive Compensation Plan The Incentive Compensation Plan is a discretionary annual cash-based incentive plan that is an integral part of the participant’s total compensation package and supports the continued growth, profitability and risk management of Belmont Savings Bank. Each year participants are awarded for the achievement of certain performance objectives on a company-wide and individual basis. Compensation expense recognized was $523,000 and $555,000 for the three months ended June 30, 2016 and 2015 (unaudited), respectively, and $921,000 and $922,000 for the six months ended June 30, 2016 and 2015 (unaudited), respectively. Defined Contribution Plan The Company sponsors a 401(k) plan covering substantially all employees meeting certain eligibility requirements. Under the provisions of the plan, employees are able to contribute up to an annual limit of the lesser of 75% of eligible compensation or the maximum allowed by the Internal Revenue Service. The Company’s contributions for the three months ended June 30, 2016 and 2015 (unaudited) totaled $196,000 and $192,000, respectively, and $430,000 and $429,000 for the six months ended June 30, 2016 and 2015 (unaudited), respectively. Deferred Compensation Plan The Company has a compensation deferral plan by which selected employees and directors of the Company are entitled to elect, prior to the beginning of each year, to defer the receipt of an amount of their compensation for the forthcoming year. Each agreement allows for the individual to elect to defer a portion of his or her compensation to an individual deferred compensation account established by Belmont Savings Bank. In April 2013, Belmont Savings Bank created a Rabbi Trust, or grantor trust. The Rabbi Trust is maintained by the Company primarily for purposes of holding deferred compensation for certain directors and employees of the Company. The plan is administered by a third party and permits participants to select from a number of investment options for the investment of their account balances. Each participant is always 100% vested in his or her deferred compensation account balance. As of June 30, 2016 (unaudited) and December 31, 2015, the recorded liability relating to the Rabbi Trust was $2.5 million and $2.5 million, respectively. Employee Stock Ownership Plan The Company maintains an Employee Stock Ownership Plan (“ESOP”) to provide eligible employees the opportunity to own Company stock. This plan is a tax-qualified retirement plan for the benefit of all Company employees. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax law limits. The Company contributed funds to a subsidiary to enable it to grant a loan to the ESOP for the purchase of 458,643 shares of the Company’s common stock at a price of $10.00 per share. The loan obtained by the ESOP from the Company’s subsidiary to purchase Company common stock is payable annually over 30 years at a rate per annum equal to the Prime Rate (3.5% at June 30, 2016, unaudited). Loan payments are principally funded by cash contributions from the Bank. The loan is secured by the shares purchased, which are held in a suspense account for allocation among participants as the loan is repaid. Cash dividends paid on allocated shares are distributed to participants and cash dividends paid on unallocated shares are used to repay the outstanding debt of the ESOP. Shares used as collateral to secure the loan are released and available for allocation to eligible employees as the principal and interest on the loan is paid. The Company incurred expenses of $87,000 and $84,000 for the three months ended June 30, 2016 and 2015 (unaudited), respectively, and $172,000 and $156,000 for the six months ended June 30, 2016 and 2015 (unaudited), respectively. Severance Agreements The Company has entered into employment agreements and change in control agreements with certain executive officers which would provide the executive officers with severance payments based on salary, and the continuation of other benefits, upon a change in control as defined in the agreements.

PLEDGED ASSETS

PLEDGED ASSETS	6 Months Ended
	Jun. 30, 2016
PLEDGED ASSETS	NOTE 8 – PLEDGED ASSETS The following securities and loans were pledged to secure securities sold under agreements to repurchase, FHLB advances and credit facilities available (in thousands). June 30, 2016 (unaudited) Securities held to Loans Total pledged maturity (at cost) receivable assets Repurchase agreements $ 5,266 $ — $ 5,266 FHLB borrowings 42,870 865,112 907,982 Federal Reserve Bank line of credit 15,720 — 15,720 Total pledged assets $ 63,856 $ 865,112 $ 928,968 December 31, 2015 Securities held to Loans Total pledged maturity (at cost) receivable assets Repurchase agreements $ 5,731 $ — $ 5,731 FHLB borrowings 48,105 735,818 783,923 Federal Reserve Bank line of credit 15,700 — 15,700 Total pledged assets $ 69,536 $ 735,818 $ 805,354

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2016
EARNINGS PER SHARE	NOTE 9 – EARNINGS PER SHARE Basic earnings per share (“EPS”) excludes dilution and is calculated by dividing net income allocated to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed in a manner similar to that of basic EPS except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares (computed using the treasury stock method) that would have been outstanding if all potentially dilutive common stock equivalents (such as stock options and unvested restricted stock not meeting the definition of a participating security) were issued during the period. Earnings per share consisted of the following components for the periods indicated (unaudited and dollars in thousands except per share data): Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Net income $ 2,952 $ 1,603 $ 5,491 $ 2,977 Undistributed earnings attributable to participating securities (49 ) (40 ) (92 ) (75 ) Net income allocated to common stockholders $ 2,903 $ 1,563 $ 5,399 $ 2,902 Weighted average shares outstanding, basic 8,560,039 8,450,099 8,555,212 8,446,266 Effect of dilutive shares 266,700 230,572 260,623 196,672 Weighted average shares outstanding, assuming dilution 8,826,739 8,680,671 8,815,835 8,642,938 Basic EPS $ 0.34 $ 0.19 $ 0.63 $ 0.34 Effect of dilutive shares (0.01 ) (0.01 ) (0.02 ) — Diluted EPS $ 0.33 $ 0.18 $ 0.61 $ 0.34 The following table illustrates average options to purchase shares of common stock that were outstanding but not included in the computation of EPS because they were antidilutive under the treasury stock method (unaudited): Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Stock options 27,500 23,242 18,434 27,324 Unallocated common shares held by the ESOP are shown as a reduction in stockholders’ equity and are not included in the weighted-average number of common shares outstanding for either basic or diluted earnings per share calculations. On June 22, 2013, the Company’s Board of Directors authorized a program to repurchase, from time-to-time and as market and business conditions warrant, up to 500,000 shares of the Company’s common stock. During the six months ended June 30, 2016 and 2015 (unaudited), the Company did not repurchase any shares under the repurchase program.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
STOCK BASED COMPENSATION	NOTE 10 – STOCK BASED COMPENSATION The following table presents the pre-tax expense associated with stock options and restricted stock awards and the related tax benefits recognized (in thousands and unaudited): Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Stock options $ 198 $ 198 $ 387 $ 386 Restricted stock awards 215 216 425 424 Total stock based compensation expense $ 413 $ 414 $ 812 $ 810 Related tax benefits recognized in earnings $ 122 $ 119 $ 241 $ 235 Total compensation cost related to non-vested awards not yet recognized and the weighted average period (in years) over which it is expected to be recognized is as follows (in thousands): As of June 30, 2016 As of December 31, 2015 (unaudited) Weighted Weighted Amount Amount Stock options $ 1,200 1.85 $ 1,476 2.07 Restricted stock 1,178 1.46 1,562 1.95 Total $ 2,378 $ 3,038

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
FAIR VALUE MEASUREMENTS	NOTE 11 – FAIR VALUE MEASUREMENTS Determination of Fair Value The fair value of an asset or liability is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company uses prices and inputs that are current as of the measurement date, including during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from one level to another. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various assets and liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value of cash flows or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The Company groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability and reliability of the assumptions used to determine fair value. Level 1 - Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 - Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 - Level 3 inputs are unobservable inputs for the asset or liability. For assets and liabilities, fair value is based upon the lowest level of input that is significant to the fair value measurement. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon models that primarily use, as inputs, observable market based parameters. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Furthermore, the reported fair value amounts have not been comprehensively revalued since the presentation dates, and therefore, estimates of fair value after the balance sheet date may differ significantly from the amounts presented herein. A more detailed description of the valuation methodologies used for assets and liabilities measured at fair value is set forth below. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value for June 30, 2016 and December 31, 2015. There were no significant transfers between level 1 and level 2 of the fair value hierarchy during the six months ended June 30, 2016 (unaudited) and the year ended December 31, 2015. Financial Assets and Financial Liabilities: Financial assets and financial liabilities measured at fair value on a recurring basis include the following: Securities Available for Sale Investments held in the Rabbi Trust The following table summarizes financial assets measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Level 1 Level 2 Level 3 Total At June 30, 2016 (unaudited) Securities available-for-sale Corporate debt securities $ — $ 22,122 $ — $ 22,122 Trading securities Rabbi trust investments 2,530 — — 2,530 Totals $ 2,530 $ 22,122 $ — $ 24,652 Total Level 1 Level 2 Level 3 Fair Value At December 31, 2015 Securities available-for-sale Corporate debt securities $ — $ 21,876 $ — $ 21,876 Trading securities Rabbi trust investments 2,460 — — 2,460 Totals $ 2,460 $ 21,876 $ — $ 24,336 Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial assets measured at fair value on a non-recurring basis during the reported periods include certain impaired loans reported at the fair value of the underlying collateral. Fair value was measured using appraised values of collateral and adjusted as necessary by management based on unobservable inputs for specific properties. However, the choice of observable data is subject to significant judgment, and there are often adjustments based on judgment in order to make observable data comparable and to consider the impact of time, the condition of properties, interest rates, and other market factors on current values. Additionally, commercial real estate appraisals frequently involve discounting of projected cash flows, which relies inherently on unobservable data. Therefore, real estate collateral related nonrecurring fair value measurement adjustments have generally been classified as Level 3. Estimates of fair value used for other collateral supporting commercial loans generally are based on assumptions not observable in the marketplace and therefore such valuations have been classified as Level 3. Financial assets measured at fair value on a non-recurring basis during the reported periods also include loans held-for-sale. Residential mortgage loans held-for-sale are recorded at the lower of cost or fair value and are therefore measured at fair value on a non-recurring basis. The fair values for loans held-for-sale are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality and are included in Level 3. The following table (in thousands) presents certain impaired loans that were re-measured and reported at fair value through a specific valuation allowance allocation of the allowance for loan losses or charge off based upon the fair value of the underlying collateral and loans held-for-sale at June 30, 2016 (unaudited) and December 31, 2015. June 30, 2016 Level 1 Level 2 Level 3 Impaired loans $ — $ — $ 632 Totals $ — $ — $ 632 December 31, 2015 Level 1 Level 2 Level 3 Impaired loans $ — $ — $ 2,886 Loans held-for-sale — — 1,245 Totals $ — $ — $ 4,131 Non-Financial Assets and Non-Financial Liabilities The following table (in thousands) presents the non-financial assets that were re-measured and reported at the lower of cost or fair value at the periods indicated: June 30, 2016 Level 1 Level 2 Level 3 (unaudited) Mortgage servicing rights $ — $ — $ 457 Totals $ — $ — $ 457 December 31, 2015 Level 1 Level 2 Level 3 Mortgage servicing rights $ — $ — $ 479 Totals $ — $ — $ 479 ASC Topic 825, “Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or non-recurring basis are discussed above. The estimated fair value approximates carrying value for cash and cash equivalents, FHLB stock, accrued interest, bank owned life insurance, securities sold under agreements to repurchase and mortgagors’ escrow accounts. The methodologies for other significant financial assets and financial liabilities are discussed below: Securities held to maturity-The fair values presented are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments and/or discounted cash flow analyses. Loans- For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Deposits- The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificate accounts are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on certificate accounts. FHLB advances- The fair values of the Company’s FHLB advances are estimated using discounted cash flow analyses based on the current incremental borrowing rates in the market for similar types of borrowing arrangements. Other borrowed funds-This balance represents the balance of loans sold with recourse. Fair values are determined consistent with that of our loans. Summary of Fair Values of Financial Instruments not Carried at Fair Value The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments are as follows (in thousands): June 30, 2016 Carrying Fair Amount Value Level 1 Level 2 Level 3 (unaudited) Financial assets: Cash and cash equivalents $ 53,843 $ 53,843 $ 53,843 $ — $ — Interest-bearing time deposits with other banks 134 134 — 134 — Held-to-maturity securities 137,341 139,496 — 139,496 — Federal Home Loan Bank stock 21,824 21,824 — 21,824 — Loans, net 1,689,295 1,691,009 — — 1,691,009 Accrued interest receivable 4,351 4,351 4,351 — — Bank-owned life insurance 35,261 35,261 — 35,261 — Financial liabilities: Deposits 1,384,625 1,388,306 1,075,018 313,288 — Federal Home Loan Bank advances 423,250 426,606 — 426,606 — Securities sold under agreements to repurchase 1,771 1,771 — 1,771 — Accrued interest payable 1,016 1,016 1,016 — — Mortgagors’ escrow accounts 2,553 2,553 — 2,553 — December 31, 2015 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 51,261 $ 51,261 $ 51,261 $ — $ — Interest-bearing time deposits with other banks 131 131 — 131 — Held-to-maturity securities 137,119 136,728 — 136,728 — Federal Home Loan Bank stock 18,309 18,309 — 18,309 — Loans, net 1,534,957 1,518,476 — — 1,518,476 Accrued interest receivable 3,781 3,781 3,781 — — Bank-owned life insurance 29,787 29,787 — 29,787 — Financial liabilities: Deposits 1,269,519 1,271,278 1,011,084 260,194 — Federal Home Loan Bank advances 374,000 373,840 — 373,840 — Securities sold under agreements to repurchase 3,695 3,695 — 3,695 — Other borrowed funds 1,020 999 — 999 — Accrued interest payable 993 993 993 — — Mortgagors’ escrow accounts 2,414 2,414 — 2,414 —

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2016
OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 12 – OTHER COMPREHENSIVE INCOME (LOSS) The following table presents a reconciliation of the changes in the components of other comprehensive income(loss) for the dates indicated, including the amount of income tax expense (benefit) allocated to each component of other comprehensive income (loss): Three months ended June 30, 2016 Three months ended June 30, 2015 (unaudited and in thousands) (unaudited and in thousands) Pre Tax Tax After Tax Pre Tax Tax After Tax Amount Expense Amount Amount Benefit Amount Securities available-for-sale: Change in fair value of securities available-for-sale $ 156 $ (62 ) $ 94 $ (154 ) $ 61 $ (93 ) Total other comprehensive income (loss) $ 156 $ (62 ) $ 94 $ (154 ) $ 61 $ (93 ) Six months ended June 30, 2016 Six months ended June 30, 2015 (unaudited and in thousands) (unaudited and in thousands) Pre Tax Tax After Tax Pre Tax Tax After Tax Amount Expense Amount Amount Benefit Amount Securities available-for-sale: Change in fair value of securities available-for-sale $ 284 $ (114 ) $ 170 $ (18 ) $ 8 $ (10 ) Total other comprehensive income (loss) $ 284 $ (114 ) $ 170 $ (18 ) $ 8 $ (10 ) The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: (in thousands): June 30, 2016 December 31, 2015 (unaudited) Net unrealized holding gain (loss) on available-for-sale securities, net of tax $ 20 $ (150 ) Unrecognized benefit pertaining to defined benefit plan, net of tax 34 34 Accumulated other comprehensive income (loss) $ 54 $ (116 )

INVESTMENTS IN SECURITIES (Tabl

INVESTMENTS IN SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Amortized Cost Basis and Fair Value of Available for Sale and Held-to-Maturity Securities	The amortized cost basis of available-for-sale and held-to-maturity securities and their approximate fair values were as follows at the dates indicated (in thousands): June 30, 2016 December 31, 2015 Amortized Gross Gross Fair Amortized Gross Gross Fair (unaudited) Available-for-sale securities: Corporate debt securities $ 22,088 $ 49 $ (15 ) $ 22,122 $ 22,126 $ 35 $ (285 ) $ 21,876 $ 22,088 $ 49 $ (15 ) $ 22,122 $ 22,126 $ 35 $ (285 ) $ 21,876 Held-to-maturity securities: U.S. government sponsored mortgage-backed securities $ 119,713 $ 1,488 $ (63 ) $ 121,138 $ 119,517 $ 460 $ (965 ) $ 119,012 Corporate debt securities 17,628 730 — 18,358 17,602 141 (27 ) 17,716 $ 137,341 $ 2,218 $ (63 ) $ 139,496 $ 137,119 $ 601 $ (992 ) $ 136,728
Amortized Cost Basis and Estimated Fair Value of Debt Securities by Contractual Maturity	The amortized cost basis and estimated fair value of debt securities by contractual maturity at June 30, 2016 is as follows (in thousands and unaudited). Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2016 Available-for-Sale Held-to-Maturity Amortized Fair Amortized Fair (unaudited) (unaudited) Due within one year $ — $ — $ 16 $ 16 Due after one year through five years 12,780 12,828 9,110 9,173 Due after five years through ten years 9,308 9,294 51,982 53,249 Due after ten years — — 76,233 77,058 $ 22,088 $ 22,122 $ 137,341 $ 139,496
Securities with Gross Unrealized Losses Aggregated by Investment Category and Length of Time	Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows (in thousands): Less than 12 Months Over 12 Months # of Fair Value Unrealized Fair Unrealized June 30, 2016 (unaudited): Available-for-sale Corporate debt securities 1 $ 4,985 $ (15 ) $ — $ — Held-to-maturity U.S. government sponsored mortgage-backed securities 14 5,939 (20 ) 7,428 (43 ) Total temporarily impaired securities 15 $ 10,924 $ (35 ) $ 7,428 $ (43 ) December 31, 2015: Available-for-sale Corporate debt securities 4 $ 9,745 $ (75 ) $ 4,127 $ (210 ) Held-to-maturity Corporate debt securities 3 4,733 (27 ) — — U.S. government sponsored mortgage-backed securities 52 89,366 (822 ) 5,430 (143 ) Total temporarily impaired securities 59 $ 103,844 $ (924 ) $ 9,557 $ (353 )

LOANS, ALLOWANCE FOR LOAN LOS21

LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables)	6 Months Ended
	Jun. 30, 2016
Summary of Loans	Loans consisted of the following (dollars in thousands): June 30, 2016 December 31, 2015 Amount Percent Amount Percent (unaudited) Mortgage loans: Residential one-to-four family $ 833,607 49.26 % $ 709,426 46.15 % Commercial real estate loans (1) 484,328 28.61 449,391 29.24 Home equity lines of credit 170,363 10.06 160,040 10.41 Construction loans 63,034 3.72 60,722 3.95 Total mortgage loans 1,551,332 91.65 1,379,579 89.75 Commercial loans 60,249 3.56 53,192 3.46 Consumer loans: Indirect auto loans 80,656 4.76 103,965 6.76 Other consumer loans 445 0.03 453 0.03 141,350 8.35 157,610 10.25 Total loans 1,692,682 100.00 % 1,537,189 100.00 % Net deferred loan costs 3,988 4,663 Net unamortized mortgage premiums 5,168 4,345 Allowance for loan losses (12,543 ) (11,240 ) Total loans, net $ 1,689,295 $ 1,534,957 (1) Includes multi-family real estate loans.
Activity in Allowance for Loan Losses by Portfolio Class and Balances of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Class	The following tables (in thousands) present the activity in the allowance for loan losses by portfolio class for the three and six months ended June 30, 2016 and 2015 (unaudited); and the balances of the allowance for loan losses and recorded investment in loans by portfolio class based on impairment method at June 30, 2016 (unaudited) and December 31, 2015. The recorded investment in loans in any of the following tables does not include accrued and unpaid interest or any deferred loan fees or costs, as amounts are not significant. Three Months Ended June 30, 2016 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 3,980 $ 175 $ — $ — $ 4,155 Commercial real estate 4,868 (58 ) — — 4,810 Construction 679 185 — — 864 Commercial 505 193 — — 698 Home equity lines of credit 1,008 30 — — 1,038 Indirect auto 554 (36 ) (28 ) 2 492 Other consumer 9 4 (4 ) 1 10 Unallocated 228 248 — — 476 Total $ 11,831 $ 741 $ (32 ) $ 3 $ 12,543 Three Months Ended June 30, 2015 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 2,579 $ 161 $ — $ — $ 2,740 Commercial real estate 4,035 87 — — 4,122 Construction 473 112 — — 585 Commercial 416 (61 ) — — 355 Home equity lines of credit 740 87 — — 827 Indirect auto 770 (31 ) (33 ) 7 713 Other consumer 13 4 (5 ) — 12 Unallocated 177 6 — — 183 Total $ 9,203 $ 365 $ (38 ) $ 7 $ 9,537 Six Months Ended June 30, 2016 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 3,574 $ 581 $ — $ — $ 4,155 Commercial real estate 4,478 332 — — 4,810 Construction 801 63 — — 864 Commercial 613 85 — — 698 Home equity lines of credit 928 110 — — 1,038 Indirect auto 623 (100 ) (42 ) 11 492 Other consumer 10 6 (8 ) 2 10 Unallocated 213 263 — — 476 Total $ 11,240 $ 1,340 $ (50 ) $ 13 $ 12,543 Six Months Ended June 30, 2015 Beginning balance Provision (benefit) Charge-offs Recoveries Ending balance Residential one-to-four family $ 2,364 $ 376 $ — $ — $ 2,740 Commercial real estate 4,043 79 — — 4,122 Construction 228 357 — — 585 Commercial 458 (103 ) — — 355 Home equity lines of credit 828 (1 ) — — 827 Indirect auto 778 (24 ) (59 ) 18 713 Other consumer 11 8 (8 ) 1 12 Unallocated 171 12 — — 183 Total $ 8,881 $ 704 $ (67 ) $ 19 $ 9,537 June 30, 2016 Individually evaluated for impairment Collectively evaluated for impairment Total Loan balance Allowance Loan balance Allowance Loan balance Allowance Residential one-to-four family $ 4,272 $ 174 $ 829,335 $ 3,981 $ 833,607 $ 4,155 Commercial real estate 3,524 2 480,804 4,808 484,328 4,810 Construction — — 63,034 864 63,034 864 Commercial — — 60,249 698 60,249 698 Home equity lines of credit 200 — 170,163 1,038 170,363 1,038 Indirect auto — — 80,656 492 80,656 492 Other consumer — — 445 10 445 10 Unallocated — — — 476 — 476 Total $ 7,996 $ 176 $ 1,684,686 $ 12,367 $ 1,692,682 $ 12,543 December 31, 2015 Individually evaluated for impairment Collectively evaluated for impairment Total Loan balance Allowance Loan balance Allowance Loan balance Allowance Residential one-to-four family $ 4,341 $ 260 $ 705,085 $ 3,314 $ 709,426 $ 3,574 Commercial real estate 6,083 133 443,308 4,345 449,391 4,478 Construction — — 60,722 801 60,722 801 Commercial — — 53,192 613 53,192 613 Home equity lines of credit 200 — 159,840 928 160,040 928 Indirect auto 15 — 103,950 623 103,965 623 Other consumer — — 453 10 453 10 Unallocated — — — 213 — 213 Total $ 10,639 $ 393 $ 1,526,550 $ 10,847 $ 1,537,189 $ 11,240
Information about Loans that Meet Definition of Impaired Loan	Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of June 30, 2016 (unaudited and in thousands): Impaired loans with a related allowance for credit losses Recorded Unpaid Principal Specific Residential one-to-four family $ 1,396 $ 1,448 $ 174 Commercial real estate 2,972 2,972 2 Totals $ 4,368 $ 4,420 $ 176 Impaired loans with no related allowance for credit losses Recorded Unpaid Principal Specific Allowance Residential one-to-four family $ 2,876 $ 2,918 $ — Commercial real estate 552 552 — Home equity lines of credit 200 200 — Totals $ 3,628 $ 3,670 $ — Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of December 31, 2015 (in thousands): Impaired loans with a related allowance for credit losses Unpaid Recorded Principal Specific Investment Balance Allowance Residential one-to-four family $ 1,450 $ 1,476 $ 260 Commercial real estate 5,426 5,426 133 Totals $ 6,876 $ 6,902 $ 393 Impaired loans with no related allowance for credit losses Recorded Unpaid Specific Residential one-to-four family $ 2,891 $ 2,933 $ — Commercial real estate 657 657 — Home equity lines of credit 200 200 — Indirect auto 15 15 — Totals $ 3,763 $ 3,805 $ —
Information regarding Interest Income Recognized on Impaired Loans	The following tables set forth information regarding interest income recognized on impaired loans, by portfolio, for the periods indicated (unaudited and in thousands): Three months ended June 30, 2016 Three months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income With an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 1,400 $ 8 $ 1,178 $ 8 Commercial real estate 2,977 30 3,035 31 Totals $ 4,377 $ 38 $ 4,213 $ 39 Three months ended June 30, 2016 Three months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income Without an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 2,882 $ 19 $ 5,032 $ 25 Commercial real estate 569 6 772 8 Home equity lines of credit 200 2 294 2 Indirect auto 15 — — — Totals $ 3,666 $ 27 $ 6,098 $ 35 Six months ended June 30, 2016 Six months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income With an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 1,407 $ 16 $ 1,179 $ 17 Commercial real estate 3,783 85 3,043 62 Totals $ 5,190 $ 101 $ 4,222 $ 79 Six months ended June 30, 2016 Six months ended June 30, 2015 Average Interest Average Interest Recorded Income Recorded Income Without an allowance recorded Investment Recognized Investment Recognized Residential one-to-four family $ 2,886 $ 39 $ 5,043 $ 50 Commercial real estate 596 13 787 16 Home equity lines of credit 200 4 295 4 Indirect auto 19 — — — Totals $ 3,701 $ 56 $ 6,125 $ 70
Summary of Past Due and Non-Accrual Loans	The following is a summary of past due and non-accrual loans (in thousands): June 30, 2016 (unaudited) 30–59 Days 60–89 Days 90 Days Total 90 days Loans on Real estate loans: Residential one-to-four family $ 679 $ 627 $ 497 $ 1,803 $ — $ 1,146 Home equity lines of credit 48 — — 48 — — Other loans: Indirect auto 429 42 — 471 — — Total $ 1,156 $ 669 $ 497 $ 2,322 $ — $ 1,146 December 31, 2015 30–59 Days 60–89 Days 90 Days Total 90 days Loans on Real estate loans: Residential one-to-four family $ 1,579 $ 81 $ 411 $ 2,071 $ — $ 1,192 Commercial real estate — — — — — 2,424 Home equity lines of credit 634 — — 634 — — Other loans: Indirect auto 551 47 15 613 — 15 Total $ 2,764 $ 128 $ 426 $ 3,318 $ — $ 3,631
Company's Loans by Risk Rating	The following tables present the Company’s loans by risk rating at June 30, 2016 (unaudited and in thousands) and December 31, 2015 (in thousands). There were no loans rated as 6 (“doubtful”) or 7 (“loss”) at the dates indicated. June 30, 2016 Loans rated 1-3.5 Loans rated 4 Loans rated 5 Loans not rated (A) Total Residential one-to-four family $ — $ 355 $ 1,860 $ 831,392 $ 833,607 Commercial real estate 450,994 28,840 4,494 — 484,328 Construction 63,034 — — — 63,034 Commercial 60,249 — — — 60,249 Home equity lines of credit — — 799 169,564 170,363 Indirect auto — — — 80,656 80,656 Other consumer — — — 445 445 Total $ 574,277 $ 29,195 $ 7,153 $ 1,082,057 $ 1,692,682 December 31, 2015 Loans rated 1-3.5 Loans rated 4 Loans rated 5 Loans not rated (A) Total Residential one-to-four family $ — $ 359 $ 1,915 $ 707,152 $ 709,426 Commercial real estate 427,160 15,159 7,072 — 449,391 Construction 56,459 4,263 — — 60,722 Commercial 53,192 — — — 53,192 Home equity lines of credit — — 799 159,241 160,040 Indirect auto — — — 103,965 103,965 Consumer — — — 453 453 Total $ 536,811 $ 19,781 $ 9,786 $ 970,811 $ 1,537,189 (A) Residential real estate and home equity lines of credit are not formally risk rated by the Company unless the loans become delinquent.
Trouble Debt Restructuring Accrual Status	The following table shows the Company’s total TDRs and other pertinent information as of the dates indicated (in thousands): June 30, 2016 December 31, 2015 (unaudited ) TDRs on Accrual Status $ 6,850 $ 7,007 TDRs on Nonaccrual Status 772 781 Total TDRs $ 7,622 $ 7,788 Amount of specific allocation included in the allowance for loan losses associated with TDRs $ 165 $ 170 Additional commitments to lend to a borrower who has been a party to a TDR $ — $ —
Modified and subsequently defaulted
Post Modification of Troubled Debt Restructuring Balance	The following table shows the loans that have been modified during the past twelve months which have subsequently defaulted during the periods indicated (unaudited and in thousands except for number of contracts): For the three months ended June 30, 2016 2015 Number Recorded Number Recorded of Contracts Investment of Contracts Investment Real estate loans: Residential one-to-four family 1 $ 497 — $ — Total 1 $ 497 — $ — For the six months ended June 30, 2016 2015 Number Recorded Number Recorded of Contracts Investment of Contracts Investment Real estate loans: Residential one-to-four family 1 $ 497 — $ — Total 1 $ 497 — $ —

TRANSFERS AND SERVICING (Tables

TRANSFERS AND SERVICING (Tables)	6 Months Ended
	Jun. 30, 2016
Changes in Mortgage Servicing Rights	Changes in mortgage servicing rights, which are included in other assets, were as follows (in thousands): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 (unaudited) (unaudited) Balance at beginning of period $ 466 $ 463 $ 479 $ 476 Capitalization 29 55 46 77 Amortization (24 ) (24 ) (45 ) (47 ) Valuation allowance adjustment (14 ) (19 ) (23 ) (31 ) Balance at end of period $ 457 $ 475 $ 457 $ 475

PLEDGED ASSETS (Tables)

PLEDGED ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
Securities and Loans Pledged to Secure Securities Sold Under Agreements to Repurchase, FHLB Advances and Credit Facilities Available	The following securities and loans were pledged to secure securities sold under agreements to repurchase, FHLB advances and credit facilities available (in thousands). June 30, 2016 (unaudited) Securities held to Loans Total pledged maturity (at cost) receivable assets Repurchase agreements $ 5,266 $ — $ 5,266 FHLB borrowings 42,870 865,112 907,982 Federal Reserve Bank line of credit 15,720 — 15,720 Total pledged assets $ 63,856 $ 865,112 $ 928,968 December 31, 2015 Securities held to Loans Total pledged maturity (at cost) receivable assets Repurchase agreements $ 5,731 $ — $ 5,731 FHLB borrowings 48,105 735,818 783,923 Federal Reserve Bank line of credit 15,700 — 15,700 Total pledged assets $ 69,536 $ 735,818 $ 805,354

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
Components of Earning Per Share	Earnings per share consisted of the following components for the periods indicated (unaudited and dollars in thousands except per share data): Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Net income $ 2,952 $ 1,603 $ 5,491 $ 2,977 Undistributed earnings attributable to participating securities (49 ) (40 ) (92 ) (75 ) Net income allocated to common stockholders $ 2,903 $ 1,563 $ 5,399 $ 2,902 Weighted average shares outstanding, basic 8,560,039 8,450,099 8,555,212 8,446,266 Effect of dilutive shares 266,700 230,572 260,623 196,672 Weighted average shares outstanding, assuming dilution 8,826,739 8,680,671 8,815,835 8,642,938 Basic EPS $ 0.34 $ 0.19 $ 0.63 $ 0.34 Effect of dilutive shares (0.01 ) (0.01 ) (0.02 ) — Diluted EPS $ 0.33 $ 0.18 $ 0.61 $ 0.34
Options Excluded from Computation of EPS	The following table illustrates average options to purchase shares of common stock that were outstanding but not included in the computation of EPS because they were antidilutive under the treasury stock method (unaudited): Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Stock options 27,500 23,242 18,434 27,324

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2016
Pre-Tax Expense Associated with Stock Option and Restricted Stock Awards and Related Tax Benefits Recognized	The following table presents the pre-tax expense associated with stock options and restricted stock awards and the related tax benefits recognized (in thousands and unaudited): Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Stock options $ 198 $ 198 $ 387 $ 386 Restricted stock awards 215 216 425 424 Total stock based compensation expense $ 413 $ 414 $ 812 $ 810 Related tax benefits recognized in earnings $ 122 $ 119 $ 241 $ 235
Compensation Cost Related to Non-Vested Awards Not Yet Recognized and Weighted Average Recognition Period	Total compensation cost related to non-vested awards not yet recognized and the weighted average period (in years) over which it is expected to be recognized is as follows (in thousands): As of June 30, 2016 As of December 31, 2015 (unaudited) Weighted Weighted Amount Amount Stock options $ 1,200 1.85 $ 1,476 2.07 Restricted stock 1,178 1.46 1,562 1.95 Total $ 2,378 $ 3,038

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Summary of Financial Assets Measured at Fair Value on Recurring Basis	The following table summarizes financial assets measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Level 1 Level 2 Level 3 Total At June 30, 2016 (unaudited) Securities available-for-sale Corporate debt securities $ — $ 22,122 $ — $ 22,122 Trading securities Rabbi trust investments 2,530 — — 2,530 Totals $ 2,530 $ 22,122 $ — $ 24,652 Total Level 1 Level 2 Level 3 Fair Value At December 31, 2015 Securities available-for-sale Corporate debt securities $ — $ 21,876 $ — $ 21,876 Trading securities Rabbi trust investments 2,460 — — 2,460 Totals $ 2,460 $ 21,876 $ — $ 24,336
Schedule of Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments	The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments are as follows (in thousands): June 30, 2016 Carrying Fair Amount Value Level 1 Level 2 Level 3 (unaudited) Financial assets: Cash and cash equivalents $ 53,843 $ 53,843 $ 53,843 $ — $ — Interest-bearing time deposits with other banks 134 134 — 134 — Held-to-maturity securities 137,341 139,496 — 139,496 — Federal Home Loan Bank stock 21,824 21,824 — 21,824 — Loans, net 1,689,295 1,691,009 — — 1,691,009 Accrued interest receivable 4,351 4,351 4,351 — — Bank-owned life insurance 35,261 35,261 — 35,261 — Financial liabilities: Deposits 1,384,625 1,388,306 1,075,018 313,288 — Federal Home Loan Bank advances 423,250 426,606 — 426,606 — Securities sold under agreements to repurchase 1,771 1,771 — 1,771 — Accrued interest payable 1,016 1,016 1,016 — — Mortgagors’ escrow accounts 2,553 2,553 — 2,553 — December 31, 2015 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 51,261 $ 51,261 $ 51,261 $ — $ — Interest-bearing time deposits with other banks 131 131 — 131 — Held-to-maturity securities 137,119 136,728 — 136,728 — Federal Home Loan Bank stock 18,309 18,309 — 18,309 — Loans, net 1,534,957 1,518,476 — — 1,518,476 Accrued interest receivable 3,781 3,781 3,781 — — Bank-owned life insurance 29,787 29,787 — 29,787 — Financial liabilities: Deposits 1,269,519 1,271,278 1,011,084 260,194 — Federal Home Loan Bank advances 374,000 373,840 — 373,840 — Securities sold under agreements to repurchase 3,695 3,695 — 3,695 — Other borrowed funds 1,020 999 — 999 — Accrued interest payable 993 993 993 — — Mortgagors’ escrow accounts 2,414 2,414 — 2,414 —
Loans Held for Sale and Impaired Loans
Fair Value of Assets Measured on Nonrecurring Basis	The following table (in thousands) presents certain impaired loans that were re-measured and reported at fair value through a specific valuation allowance allocation of the allowance for loan losses or charge off based upon the fair value of the underlying collateral and loans held-for-sale at June 30, 2016 (unaudited) and December 31, 2015. June 30, 2016 Level 1 Level 2 Level 3 Impaired loans $ — $ — $ 632 Totals $ — $ — $ 632 December 31, 2015 Level 1 Level 2 Level 3 Impaired loans $ — $ — $ 2,886 Loans held-for-sale — — 1,245 Totals $ — $ — $ 4,131
Other Real Estate Owned
Fair Value of Assets Measured on Nonrecurring Basis	The following table (in thousands) presents the non-financial assets that were re-measured and reported at the lower of cost or fair value at the periods indicated: June 30, 2016 Level 1 Level 2 Level 3 (unaudited) Mortgage servicing rights $ — $ — $ 457 Totals $ — $ — $ 457 December 31, 2015 Level 1 Level 2 Level 3 Mortgage servicing rights $ — $ — $ 479 Totals $ — $ — $ 479

OTHER COMPREHENSIVE INCOME (L27

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2016
Schedules of Other Comprehensive Income (Loss)	The following table presents a reconciliation of the changes in the components of other comprehensive income(loss) for the dates indicated, including the amount of income tax expense (benefit) allocated to each component of other comprehensive income (loss): Three months ended June 30, 2016 Three months ended June 30, 2015 (unaudited and in thousands) (unaudited and in thousands) Pre Tax Tax After Tax Pre Tax Tax After Tax Amount Expense Amount Amount Benefit Amount Securities available-for-sale: Change in fair value of securities available-for-sale $ 156 $ (62 ) $ 94 $ (154 ) $ 61 $ (93 ) Total other comprehensive income (loss) $ 156 $ (62 ) $ 94 $ (154 ) $ 61 $ (93 ) Six months ended June 30, 2016 Six months ended June 30, 2015 (unaudited and in thousands) (unaudited and in thousands) Pre Tax Tax After Tax Pre Tax Tax After Tax Amount Expense Amount Amount Benefit Amount Securities available-for-sale: Change in fair value of securities available-for-sale $ 284 $ (114 ) $ 170 $ (18 ) $ 8 $ (10 ) Total other comprehensive income (loss) $ 284 $ (114 ) $ 170 $ (18 ) $ 8 $ (10 )
Components of Accumulated Other Comprehensive Income (Loss), included in Stockholders' Equity	The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows: (in thousands): June 30, 2016 December 31, 2015 (unaudited) Net unrealized holding gain (loss) on available-for-sale securities, net of tax $ 20 $ (150 ) Unrecognized benefit pertaining to defined benefit plan, net of tax 34 34 Accumulated other comprehensive income (loss) $ 54 $ (116 )

Amortized Cost Basis of Availab

Amortized Cost Basis of Available for Sale and Held-to-Maturity Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 22,088	$ 22,126
Available-for-sale Securities, Gross Unrealized Gains	49	35
Available-for-sale Securities, Gross Unrealized Losses	(15)	(285)
Available-for-sale Securities, Fair Value	22,122	21,876
Held-to-maturity securities, Amortized Cost Basis	137,341	137,119
Held-to-maturity securities, Gross Unrealized Gains	2,218	601
Held-to-maturity securities, Gross Unrealized Losses	(63)	(992)
Held-to-maturity securities, Fair Value	139,496	136,728
Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	22,088	22,126
Available-for-sale Securities, Gross Unrealized Gains	49	35
Available-for-sale Securities, Gross Unrealized Losses	(15)	(285)
Available-for-sale Securities, Fair Value	22,122	21,876
Held-to-maturity securities, Amortized Cost Basis	17,628	17,602
Held-to-maturity securities, Gross Unrealized Gains	730	141
Held-to-maturity securities, Gross Unrealized Losses		(27)
Held-to-maturity securities, Fair Value	18,358	17,716
U.S. government sponsored mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Held-to-maturity securities, Amortized Cost Basis	119,713	119,517
Held-to-maturity securities, Gross Unrealized Gains	1,488	460
Held-to-maturity securities, Gross Unrealized Losses	(63)	(965)
Held-to-maturity securities, Fair Value	$ 121,138	$ 119,012

Amortized Cost Basis and Estima

Amortized Cost Basis and Estimated Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Due within one year, Available-for-sale Securities, Amortized Cost Basis	$ 0
Due after one year through five years, Available-for-sale Securities, Amortized Cost Basis	12,780
Due after five years through ten years, Available-for-sale Securities, Amortized Cost Basis	9,308
Due after ten years, Available-for-sale Securities, Amortized Cost Basis	0
Available-for-sale Securities, Amortized Cost Basis	22,088	$ 22,126
Due within one year, Available-for-sale Securities, Fair Value	0
Due after one year through five years, Available-for-sale Securities, Fair Value	12,828
Due after five years through ten years, Available-for-sale Securities, Fair Value	9,294
Due after ten years, Available-for-sale Securities, Fair Value	0
Available-for-sale Securities, Fair Value	22,122	21,876
Due within one year, Held-to-Maturity, Amortized Cost Basis	16
Due after one year through five years, Held-to-Maturity, Amortized Cost Basis	9,110
Due after five years through ten years, Held-to-Maturity, Amortized Cost Basis	51,982
Due after ten years, Held-to-Maturity, Amortized Cost Basis	76,233
Held-to-maturity securities, Amortized Cost Basis	137,341	137,119
Due within one year, Held-to-Maturity, Fair Value	16
Due after one year through five years, Held-to-Maturity, Fair Value	9,173
Due after five years through ten years, Held-to-Maturity, Fair Value	53,249
Due after ten years, Held-to-Maturity, Fair Value	77,058
Held-to-Maturity, Fair Value	$ 139,496	$ 136,728

Investments in Securities - Add

Investments in Securities - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)SecuritiesEntity	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)SecuritiesEntity	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)Investment
Schedule of Available-for-sale Securities [Line Items]
Proceeds from sales of available-for-sale securities	$ 0	$ 0	$ 0	$ 0
Number of debt securities at unrealized losses | Securities	15		15
Securities that had unrealized losses, aggregate depreciation percentage	0.42%		0.42%		1.11%
Number of securities that had unrealized losses	15		15		59
Rabbi Trust
Schedule of Available-for-sale Securities [Line Items]
Trading securities, fair value	$ 2,530,000		$ 2,530,000		$ 2,460,000
Trading securities, unrealized holding gain (loss)	$ 13,000	$ (9,000)	$ 14,000	$ 30,000

Securities with Gross Unrealize

Securities with Gross Unrealized Losses Aggregated by Investment Category and Length of Time (Detail) $ in Thousands	Jun. 30, 2016USD ($)SecuritiesEntity	Dec. 31, 2015USD ($)EntityInvestment
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Holdings | Securities	15
Number of Holdings	15	59
Less than 12 Months, Fair Value	$ 10,924	$ 103,844
Less than 12 Months, Unrealized Losses	(35)	(924)
12 Months or longer, Fair Value	7,428	9,557
12 Months or longer, Unrealized Losses	$ (43)	$ (353)
Corporate debt securities
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Holdings | Entity	1	4
Available-for-sale, Less than 12 Months, Fair Value	$ 4,985	$ 9,745
Available-for-sale, Less than 12 Months, Unrealized Losses	$ (15)	(75)
Available-for-sale, 12 Months or longer, Fair Value		4,127
Available-for-sale, 12 Months or longer, Unrealized Losses		$ (210)
Number of Holdings | Entity		3
Held-to-maturity, Less than 12 Months, Fair Value		$ 4,733
Held-to-maturity, Less than 12 Months, Unrealized Losses		$ (27)
U.S. government sponsored mortgage-backed securities
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Holdings | Entity	14	52
Held-to-maturity, Less than 12 Months, Fair Value	$ 5,939	$ 89,366
Held-to-maturity, Less than 12 Months, Unrealized Losses	(20)	(822)
Held-to-maturity, 12 Months or longer, Fair Value	7,428	5,430
Held-to-maturity, 12 Months or longer, Unrealized Losses	$ (43)	$ (143)

Loans Allowance for Loan Losses

Loans Allowance for Loan Losses And Credit Quality - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)Contract	Jun. 30, 2015USD ($)Contract	Jun. 30, 2016USD ($)Contract	Jun. 30, 2015USD ($)Contract	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Due days of accrual of interest on all loans			90 days
Originate loans with a loan-to-value	80.00%		80.00%
Loans, allowance for loan losses	$ 12,543,000	$ 9,537,000	$ 12,543,000	$ 9,537,000	$ 11,831,000	$ 11,240,000	$ 9,203,000	$ 8,881,000
Troubled debt restructurings	7,622,000		7,622,000			7,788,000
Unallocated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, allowance for loan losses	$ 476,000	$ 183,000	$ 476,000	$ 183,000	$ 228,000	213,000	$ 177,000	$ 171,000
Financing Receivable Troubled Debt Restructurings
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of financing receivables modified by troubled debt restructurings | Contract	0	0	0	0
Residential one-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Consumer mortgage loans in the process of foreclosure amount	$ 497,000		$ 497,000			$ 412,000

Summary of Loans (Detail)

Summary of Loans (Detail) - USD ($) $ in Thousands		Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 1,692,682		$ 1,537,189
Net deferred loan costs		3,988		4,663
Net unamortized mortgage premiums		5,168		4,345
Allowance for loan losses		(12,543)	$ (11,831)	(11,240)	$ (9,537)	$ (9,203)	$ (8,881)
Total loans, net		$ 1,689,295		$ 1,534,957
Commercial and consumer gross percent		8.35%		10.25%
Total loans, Percent		100.00%		100.00%
Mortgage Loan Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 1,551,332		$ 1,379,579
Mortgage loans on real estate percent		91.65%		89.75%
Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 833,607		$ 709,426
Mortgage loans on real estate percent		49.26%		46.15%
Allowance for loan losses		$ (4,155)	(3,980)	$ (3,574)	(2,740)	(2,579)	(2,364)
Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance	[1]	$ 484,328		$ 449,391
Mortgage loans on real estate percent	[1]	28.61%		29.24%
Allowance for loan losses		$ (4,810)	(4,868)	$ (4,478)	(4,122)	(4,035)	(4,043)
Mortgage Loan Portfolio Segment | Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 170,363		$ 160,040
Mortgage loans on real estate percent		10.06%		10.41%
Allowance for loan losses		$ (1,038)	(1,008)	$ (928)	(827)	(740)	(828)
Mortgage Loan Portfolio Segment | Construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 63,034		$ 60,722
Mortgage loans on real estate percent		3.72%		3.95%
Allowance for loan losses		$ (864)	(679)	$ (801)	(585)	(473)	(228)
Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		60,249		53,192
Allowance for loan losses		$ (698)	(505)	$ (613)	(355)	(416)	(458)
Commercial loans, percentage		3.56%		3.46%
Consumer Portfolio Segment | Indirect auto loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 80,656		$ 103,965
consumer loans, percent		4.76%		6.76%
Allowance for loan losses		$ (492)	(554)	$ (623)	(713)	(770)	(778)
Consumer Portfolio Segment | Other Consumer Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 445		$ 453
consumer loans, percent		0.03%		0.03%
Allowance for loan losses		$ (10)	$ (9)	$ (10)	$ (12)	$ (13)	$ (11)
Commercial and Consumer Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Balance		$ 141,350		$ 157,610
[1]	Includes multi-family real estate loans.

Allowance for Loan Losses by Po

Allowance for Loan Losses by Portfolio Class (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 11,831	$ 9,203	$ 11,240	$ 8,881
Provision (benefit)	741	365	1,340	704
Charge-offs	(32)	(38)	(50)	(67)
Recoveries	3	7	13	19
Ending balance	12,543	9,537	12,543	9,537
Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	3,980	2,579	3,574	2,364
Provision (benefit)	175	161	581	376
Ending balance	4,155	2,740	4,155	2,740
Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	4,868	4,035	4,478	4,043
Provision (benefit)	(58)	87	332	79
Ending balance	4,810	4,122	4,810	4,122
Mortgage Loan Portfolio Segment | Construction loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	679	473	801	228
Provision (benefit)	185	112	63	357
Ending balance	864	585	864	585
Mortgage Loan Portfolio Segment | Home equity lines of credit
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,008	740	928	828
Provision (benefit)	30	87	110	(1)
Ending balance	1,038	827	1,038	827
Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	505	416	613	458
Provision (benefit)	193	(61)	85	(103)
Ending balance	698	355	698	355
Consumer Portfolio Segment | Indirect auto loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	554	770	623	778
Provision (benefit)	(36)	(31)	(100)	(24)
Charge-offs	(28)	(33)	(42)	(59)
Recoveries	2	7	11	18
Ending balance	492	713	492	713
Consumer Portfolio Segment | Other Consumer Loan
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	9	13	10	11
Provision (benefit)	4	4	6	8
Charge-offs	(4)	(5)	(8)	(8)
Recoveries	1		2	1
Ending balance	10	12	10	12
Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	228	177	213	171
Provision (benefit)	248	6	263	12
Ending balance	$ 476	$ 183	$ 476	$ 183

Individually Impaired Loans by

Individually Impaired Loans by Class of Loans (Detail) - USD ($) $ in Thousands		Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment, Loan balance		$ 7,996		$ 10,639
Individually evaluated for impairment, Loan allowance		176		393
Collectively evaluated for impairment, Loan balance		1,684,686		1,526,550
Collectively evaluated for impairment, Loan allowance		12,367		10,847
Total Loan balance		1,692,682		1,537,189
Total Loan, allowance		12,543	$ 11,831	11,240	$ 9,537	$ 9,203	$ 8,881
Mortgage Loan Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Loan balance		1,551,332		1,379,579
Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment, Loan balance		4,272		4,341
Individually evaluated for impairment, Loan allowance		174		260
Collectively evaluated for impairment, Loan balance		829,335		705,085
Collectively evaluated for impairment, Loan allowance		3,981		3,314
Total Loan balance		833,607		709,426
Total Loan, allowance		4,155	3,980	3,574	2,740	2,579	2,364
Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment, Loan balance		3,524		6,083
Individually evaluated for impairment, Loan allowance		2		133
Collectively evaluated for impairment, Loan balance		480,804		443,308
Collectively evaluated for impairment, Loan allowance		4,808		4,345
Total Loan balance	[1]	484,328		449,391
Total Loan, allowance		4,810	4,868	4,478	4,122	4,035	4,043
Mortgage Loan Portfolio Segment | Construction loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Loan balance		63,034		60,722
Collectively evaluated for impairment, Loan allowance		864		801
Total Loan balance		63,034		60,722
Total Loan, allowance		864	679	801	585	473	228
Mortgage Loan Portfolio Segment | Home equity lines of credit
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment, Loan balance		200		200
Collectively evaluated for impairment, Loan balance		170,163		159,840
Collectively evaluated for impairment, Loan allowance		1,038		928
Total Loan balance		170,363		160,040
Total Loan, allowance		1,038	1,008	928	827	740	828
Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Loan balance		60,249		53,192
Collectively evaluated for impairment, Loan allowance		698		613
Total Loan balance		60,249		53,192
Total Loan, allowance		698	505	613	355	416	458
Consumer Portfolio Segment | Indirect auto loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment, Loan balance				15
Collectively evaluated for impairment, Loan balance		80,656		103,950
Collectively evaluated for impairment, Loan allowance		492		623
Total Loan balance		80,656		103,965
Total Loan, allowance		492	554	623	713	770	778
Consumer Portfolio Segment | Other Consumer Loan
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Loan balance		445		453
Collectively evaluated for impairment, Loan allowance		10		10
Total Loan balance		445		453
Total Loan, allowance		10	9	10	12	13	11
Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Loan allowance		476		213
Total Loan, allowance		$ 476	$ 228	$ 213	$ 183	$ 177	$ 171
[1]	Includes multi-family real estate loans.

Impaired Loans (Detail)

Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired loans with no related allowance for credit losses, Recorded Investment	$ 3,628		$ 3,628		$ 3,763
Impaired loans with no related allowance for credit losses, Unpaid Principal Balance	3,670		3,670		3,805
Impaired loans with no related allowance for credit losses at, Specific Allowance	0		0
Impaired loans with no related allowance for credit losses, Average recorded Investment	3,666	$ 6,098	3,701	$ 6,125
Impaired loans with no related allowance for credit losses, Interest income recognized	27	35	56	70
Mortgage Loan Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired loans with a related allowance for credit losses at, Recorded Investment	4,368		4,368		6,876
Impaired loans with a related allowance for credit losses at, Unpaid Principal Balance	4,420		4,420		6,902
Impaired loans with a related allowance for credit losses at, Specific Allowance	176		176		393
Impaired loans with a related allowance for credit losses, Average recorded Investment	4,377	4,213	5,190	4,222
Impaired loans with a related allowance for credit losses, Income Recognized	38	39	101	79
Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired loans with a related allowance for credit losses at, Recorded Investment	1,396		1,396		1,450
Impaired loans with a related allowance for credit losses at, Unpaid Principal Balance	1,448		1,448		1,476
Impaired loans with a related allowance for credit losses at, Specific Allowance	174		174		260
Impaired loans with no related allowance for credit losses, Recorded Investment	2,876		2,876		2,891
Impaired loans with no related allowance for credit losses, Unpaid Principal Balance	2,918		2,918		2,933
Impaired loans with no related allowance for credit losses at, Specific Allowance	0		0
Impaired loans with a related allowance for credit losses, Average recorded Investment	1,400	1,178	1,407	1,179
Impaired loans with a related allowance for credit losses, Income Recognized	8	8	16	17
Impaired loans with no related allowance for credit losses, Average recorded Investment	2,882	5,032	2,886	5,043
Impaired loans with no related allowance for credit losses, Interest income recognized	19	25	39	50
Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired loans with a related allowance for credit losses at, Recorded Investment	2,972		2,972		5,426
Impaired loans with a related allowance for credit losses at, Unpaid Principal Balance	2,972		2,972		5,426
Impaired loans with a related allowance for credit losses at, Specific Allowance	2		2		133
Impaired loans with no related allowance for credit losses, Recorded Investment	552		552		657
Impaired loans with no related allowance for credit losses, Unpaid Principal Balance	552		552		657
Impaired loans with no related allowance for credit losses at, Specific Allowance	0		0
Impaired loans with a related allowance for credit losses, Average recorded Investment	2,977	3,035	3,783	3,043
Impaired loans with a related allowance for credit losses, Income Recognized	30	31	85	62
Impaired loans with no related allowance for credit losses, Average recorded Investment	569	772	596	787
Impaired loans with no related allowance for credit losses, Interest income recognized	6	8	13	16
Mortgage Loan Portfolio Segment | Home equity lines of credit
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired loans with no related allowance for credit losses, Recorded Investment	200		200		200
Impaired loans with no related allowance for credit losses, Unpaid Principal Balance	200		200		200
Impaired loans with no related allowance for credit losses at, Specific Allowance	0		0
Impaired loans with no related allowance for credit losses, Average recorded Investment	200	294	200	295
Impaired loans with no related allowance for credit losses, Interest income recognized	2	$ 2	4	$ 4
Consumer Portfolio Segment | Indirect auto loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired loans with no related allowance for credit losses, Recorded Investment					15
Impaired loans with no related allowance for credit losses, Unpaid Principal Balance					$ 15
Impaired loans with no related allowance for credit losses, Average recorded Investment	$ 15		$ 19

Past Due and Non-Accrual Loans

Past Due and Non-Accrual Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	$ 2,322	$ 3,318
90 days or more and accruing	0	0
Loans on Non-accrual	1,146	3,631
Indirect auto loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	471	613
90 days or more and accruing	0	0
Loans on Non-accrual		15
Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	1,803	2,071
90 days or more and accruing	0	0
Loans on Non-accrual	1,146	1,192
Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Allowance for Credit Losses [Line Items]
90 days or more and accruing		0
Loans on Non-accrual		2,424
Mortgage Loan Portfolio Segment | Home equity lines of credit | Commercial real estate loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	48	634
90 days or more and accruing	0	0
30-59 Days
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	1,156	2,764
30-59 Days | Indirect auto loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	429	551
30-59 Days | Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	679	1,579
30-59 Days | Mortgage Loan Portfolio Segment | Home equity lines of credit | Commercial real estate loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	48	634
60-89 Days
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	669	128
60-89 Days | Indirect auto loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	42	47
60-89 Days | Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	627	81
Loans 90 Days Or More Past Due
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	497	426
Loans 90 Days Or More Past Due | Indirect auto loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due		15
Loans 90 Days Or More Past Due | Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Allowance for Credit Losses [Line Items]
Days Past Due	$ 497	$ 411

Loans Classified by Risk Rating

Loans Classified by Risk Rating (Detail) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		$ 1,692,682	$ 1,537,189
Mortgage Loan Portfolio Segment
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		1,551,332	1,379,579
Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		833,607	709,426
Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance	[1]	484,328	449,391
Mortgage Loan Portfolio Segment | Construction loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		63,034	60,722
Mortgage Loan Portfolio Segment | Home equity lines of credit
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		170,363	160,040
Commercial Portfolio Segment
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		60,249	53,192
Consumer Portfolio Segment | Indirect auto loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		80,656	103,965
Consumer Portfolio Segment | Other Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		445	453
Loans rated 1-3.5
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		574,277	536,811
Loans rated 1-3.5 | Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		450,994	427,160
Loans rated 1-3.5 | Mortgage Loan Portfolio Segment | Construction loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		63,034	56,459
Loans rated 1-3.5 | Commercial Portfolio Segment
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		60,249	53,192
Loans rated 4
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		29,195	19,781
Loans rated 4 | Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		355	359
Loans rated 4 | Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		28,840	15,159
Loans rated 4 | Mortgage Loan Portfolio Segment | Construction loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance			4,263
Loans rated 5
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		7,153	9,786
Loans rated 5 | Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		1,860	1,915
Loans rated 5 | Mortgage Loan Portfolio Segment | Real Estate Loan | Commercial real estate loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		4,494	7,072
Loans rated 5 | Mortgage Loan Portfolio Segment | Home equity lines of credit
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance		799	799
Loans not rated
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance	[2]	1,082,057	970,811
Loans not rated | Mortgage Loan Portfolio Segment | Real Estate Loan | Residential one-to-four family
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance	[2]	831,392	707,152
Loans not rated | Mortgage Loan Portfolio Segment | Home equity lines of credit
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance	[2]	169,564	159,241
Loans not rated | Consumer Portfolio Segment | Indirect auto loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance	[2]	80,656	103,965
Loans not rated | Consumer Portfolio Segment | Other Consumer Loan
Financing Receivable, Recorded Investment [Line Items]
Total Loans Balance	[2]	$ 445	$ 453
[1]	Includes multi-family real estate loans.
[2]	Residential real estate and home equity lines of credit are not formally risk rated by the Company unless the loans become delinquent.

Troubled Debt Restructuring Acc

Troubled Debt Restructuring Accrual Status (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total TDRs	$ 7,622	$ 7,788
Amount of specific allocation included in the allowance for loan losses associated with TDRs	165	170
Additional commitments to lend to a borrower who has been a party to a TDR	0	0
Accrual Loans
Financing Receivable, Recorded Investment [Line Items]
Total TDRs	6,850	7,007
Non Accrual Loans
Financing Receivable, Recorded Investment [Line Items]
Total TDRs	$ 772	$ 781

Summary of Loans Modified and S

Summary of Loans Modified and Subsequently Defaulted (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)Contract	Jun. 30, 2016USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1	1
Recorded Investment | $	$ 497	$ 497
Residential one-to-four family
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1	1
Recorded Investment | $	$ 497	$ 497

Transfers and Servicing - Addit

Transfers and Servicing - Additional Information (Detail) $ in Millions	Mar. 16, 2006USD ($)Loan	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Principal balance of loans sold to another financial institution	$ 10.5
Number of loans sold to another financial institution | Loan	17
Total principal balance of loans		$ 0	$ 1
Initial period for repurchase of loan		120 months
Repurchase Agreement		Loan that became 90 days past due
Indirect auto loans
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Loans previously sold and serviced		$ 41.6	57.8
Residential Mortgage
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Loans previously sold and serviced		65.8	65.9
Transferred Loans
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Total principal balance of loans		$ 0	$ 1

Changes in Mortgage Servicing R

Changes in Mortgage Servicing Rights (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Servicing Asset at Amortized Cost [Line Items]
Balance at beginning of period	$ 466	$ 463	$ 479	$ 476
Capitalization	29	55	46	77
Amortization	(24)	(24)	(45)	(47)
Valuation allowance adjustment	(14)	(19)	(23)	(31)
Balance at end of period	$ 457	$ 475	$ 457	$ 475

Securities Sold Under Agreeme43

Securities Sold Under Agreements to Repurchase and Other Borrowed Funds - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Servicing Asset at Amortized Cost [Line Items]
Balance of securities sold under agreements to repurchase	$ 1,771	$ 3,695
Total principal balance of loans	$ 0	$ 1,000

Employee and Director Benefit44

Employee and Director Benefit Plans - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2011	Dec. 31, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated liability	$ 2,200,000		$ 2,200,000			$ 2,000,000
Compensation expense recognized	523,000	$ 555,000	$ 921,000	$ 922,000
Percentage of eligible compensation of employee			75.00%
Contributions by the Company	$ 196,000	192,000	$ 430,000	429,000
Percentage of deferred compensation vested			100.00%
ESOP, purchase shares					458,643
Common stock price per share			$ 10
Loan obtained by the ESOP, payable annually over			30 years
Loan Obtained By ESOP Rate Per Annum Equal To Prime Rate	3.50%		3.50%
ESOP expense	$ 87,000	$ 84,000	$ 172,000	$ 156,000
Deferred Compensation Plan | Rabbi Trust
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Recorded liability	2,500,000		2,500,000			2,500,000
Executive Officers
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated liability	1,500,000		$ 1,500,000			1,300,000
Benefit upon termination of employment at or after age			55 years
Reduced benefits available prior to attaining age			55 years
Executive Officers | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fully vested participants, years of service to complete			5 years
Number of years of service to complete			10 years
Executive Officers | Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fully vested participants, years of service to complete			10 years
Number of years of service to complete			10 years
Directors
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated liability	$ 649,000		$ 649,000			$ 635,000

Securities and Loans Pledged to

Securities and Loans Pledged to Secure Securities Sold Under Agreements to Repurchase, FHLB Advances and Credit Facilities Available (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities held-to- maturity (at cost)	$ 63,856	$ 69,536
Loans receivable	865,112	735,818
Total pledged assets	928,968	805,354
Repurchase agreements
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities held-to- maturity (at cost)	5,266	5,731
Total pledged assets	5,266	5,731
FHLB borrowings
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities held-to- maturity (at cost)	42,870	48,105
Loans receivable	865,112	735,818
Total pledged assets	907,982	783,923
Federal Reserve Bank LOC
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities held-to- maturity (at cost)	15,720	15,700
Total pledged assets	$ 15,720	$ 15,700

Earning Per Share (Detail)

Earning Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Computation of Earnings Per Share [Line Items]
Net income	$ 2,952	$ 1,603	$ 5,491	$ 2,977
Undistributed earnings attributable to participating securities	(49)	(40)	(92)	(75)
Net income allocated to common stockholders	$ 2,903	$ 1,563	$ 5,399	$ 2,902
Weighted average shares outstanding, basic	8,560,039	8,450,099	8,555,212	8,446,266
Effect of dilutive shares	266,700	230,572	260,623	196,672
Weighted average shares outstanding, assuming dilution	8,826,739	8,680,671	8,815,835	8,642,938
Basic EPS	$ 0.34	$ 0.19	$ 0.63	$ 0.34
Effect of dilutive shares	(0.01)	(0.01)	(0.02)
Diluted EPS	$ 0.33	$ 0.18	$ 0.61	$ 0.34

Options Outstanding Excluded Fr

Options Outstanding Excluded From Computation of Earnings Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	27,500	23,242	18,434	27,324

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail)	Jun. 22, 2013shares
Maximum
Computation of Earnings Per Share [Line Items]
Share repurchase program, shares authorized to be repurchased	500,000

Pre-Tax Expense Associated with

Pre-Tax Expense Associated with Stock Option and Restricted Stock Awards and Related Tax Benefits Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 198	$ 198	$ 387	$ 386
Restricted stock awards	215	216	425	424
Total stock based compensation expense	413	414	812	810
Related tax benefits recognized in earnings	$ 122	$ 119	$ 241	$ 235

Compensation Cost Related to No

Compensation Cost Related to Non-Vested Awards not Yet Recognized and Weighted Average Recognition Period (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	$ 2,378	$ 3,038
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, amount	$ 1,200	$ 1,476
Compensation cost not yet recognized, period for recognition	1 year 10 months 6 days	2 years 26 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, amount	$ 1,178	$ 1,562
Compensation cost not yet recognized, period for recognition	1 year 5 months 16 days	1 year 11 months 12 days

Summary of Financial Assets Mea

Summary of Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Totals	$ 24,652	$ 24,336
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	22,122	21,876
Rabbi Trust
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	2,530	2,460
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Totals	2,530	2,460
Level 1 | Rabbi Trust
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	2,530	2,460
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Totals	22,122	21,876
Level 2 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 22,122	$ 21,876

Loans Remeasured and Reported a

Loans Remeasured and Reported at Fair Value (Detail) - Fair Value, Measurements, Nonrecurring - Level 3 - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 632	$ 2,886
Loans held-for-sale		1,245
Totals	$ 632	$ 4,131

Assets Remeasured and Reported

Assets Remeasured and Reported at Lower of Cost or Fair Value (Detail) - Level 3 - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 457	$ 479
Mortgage Servicing Rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 457	$ 479

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 53,843	$ 51,261	$ 47,504	$ 51,767
Interest-bearing time deposits with other banks	134	131
Held-to-maturity securities	137,341	137,119
Federal Home Loan Bank stock	21,824	18,309
Loans, net	1,689,295	1,534,957
Accrued interest receivable	4,351	3,781
Bank-owned life insurance	35,261	29,787
Liabilities
Deposits	1,384,625	1,269,519
Federal Home Loan Bank advances	423,250	374,000
Securities sold under agreements to repurchase	1,771	3,695
Other borrowed funds		1,020
Accrued interest payable	1,016	993
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Cash and cash equivalents	53,843	51,261
Interest-bearing time deposits with other banks	134	131
Held-to-maturity securities	139,496	136,728
Federal Home Loan Bank stock	21,824	18,309
Loans, net	1,691,009	1,518,476
Accrued interest receivable	4,351	3,781
Bank-owned life insurance	35,261	29,787
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Deposits	1,388,306	1,271,278
Federal Home Loan Bank advances	426,606	373,840
Securities sold under agreements to repurchase	1,771	3,695
Other borrowed funds		999
Accrued interest payable	1,016	993
Mortgagors' escrow accounts	2,553	2,414
Carrying Amount
ASSETS
Cash and cash equivalents	53,843	51,261
Interest-bearing time deposits with other banks	134	131
Held-to-maturity securities	137,341	137,119
Federal Home Loan Bank stock	21,824	18,309
Loans, net	1,689,295	1,534,957
Accrued interest receivable	4,351	3,781
Bank-owned life insurance	35,261	29,787
Liabilities
Deposits	1,384,625	1,269,519
Federal Home Loan Bank advances	423,250	374,000
Securities sold under agreements to repurchase	1,771	3,695
Other borrowed funds		1,020
Accrued interest payable	1,016	993
Mortgagors' escrow accounts	2,553	2,414
Level 1
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Cash and cash equivalents	53,843	51,261
Accrued interest receivable	4,351	3,781
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Deposits	1,075,018	1,011,084
Accrued interest payable	1,016	993
Level 2
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Interest-bearing time deposits with other banks	134	131
Held-to-maturity securities	139,496	136,728
Federal Home Loan Bank stock	21,824	18,309
Bank-owned life insurance	35,261	29,787
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Deposits	313,288	260,194
Federal Home Loan Bank advances	426,606	373,840
Securities sold under agreements to repurchase	1,771	3,695
Other borrowed funds		999
Mortgagors' escrow accounts	2,553	2,414
Level 3
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Loans, net	$ 1,691,009	$ 1,518,476

Other Comprehensive Income (L55

Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Other Comprehensive Income (Loss) [Line Items]
Change in fair value of securities available for sale, Pre-Tax Amount	$ 156	$ (154)	$ 284	$ (18)
Total other comprehensive income (loss) , Pre-Tax Amount	156	(154)	284	(18)
Change in fair value of securities available for sale, Tax (Expense) Benefit	(62)	61	(114)	8
Total other comprehensive income (loss), Tax (Expense) Benefit	(62)	61	(114)	8
Change in fair value of securities available for sale, After Tax Amount	94	(93)	170	(10)
Total other comprehensive income (loss) ,After Tax Amount	$ 94	$ (93)	$ 170	$ (10)

Components of Accumulated Other

Components of Accumulated Other Comprehensive Income (Loss) included in Stockholders' Equity (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized holding gain (loss) on available-for-sale securities, net of tax	$ 20	$ (150)
Unrecognized benefit pertaining to defined benefit plan, net of tax	34	34
Accumulated other comprehensive income (loss)	$ 54	$ (116)