ConnectOne Bancorp (CNOB) 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	Aug. 05, 2016
Document And Entity Information
Entity Registrant Name	ConnectOne Bancorp, Inc.
Entity Central Index Key	712,771
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		30,197,318
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 35,850	$ 31,291
Interest-bearing deposits with banks	139,263	169,604
Cash and cash equivalents	175,113	200,895
Investment securities:
Available-for-sale	208,266	195,770
Held-to-maturity (fair value of $227,427 and $230,558)	214,718	224,056
Loans held-for-sale	360
Loans receivable	3,375,620	3,099,007
Less: Allowance for loan and lease losses	32,763	26,572
Net loans receivable	3,342,857	3,072,435
Investment in restricted stock, at cost	25,210	32,612
Bank premises and equipment, net	22,477	22,333
Accrued interest receivable	12,726	12,545
Bank-owned life insurance	80,028	78,801
Other real estate owned	2,029	2,549
Goodwill	145,909	145,909
Core deposit intangibles	3,474	3,908
Other assets	29,747	24,096
Total assets	4,262,914	4,015,909
Deposits:
Noninterest-bearing	648,664	650,775
Interest-bearing	2,552,329	2,140,191
Total deposits	3,200,993	2,790,966
Borrowings	496,414	671,587
Subordinated debentures (net of $714 and $812 in debt issuance costs)	54,441	54,343
Other liabilities	26,652	21,669
Total liabilities	3,778,500	3,538,565
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock, $1,000 liquidation value per share, authorized 5,000,000 shares; issued and outstanding 11,250 shares of Series B preferred stock at December 31, 2015; total liquidation value of $11,250 at December 31, 2015		11,250
Common stock, no par value, authorized 50,000,000 shares; issued 32,261,240 shares at June 30, 2016 and 32,149,585 at December 31, 2015; outstanding 30,197,318 shares at June 30, 2016 and 30,085,663 at December 31, 2015	374,287	374,287
Additional paid-in capital	9,864	8,527
Retained earnings	121,301	104,606
Treasury stock, at cost (2,063,922 common shares at June 30, 2016 and December 31, 2015)	(16,717)	(16,717)
Accumulated other comprehensive loss	(4,321)	(4,609)
Total stockholders' equity	484,414	477,344
Total liabilities and stockholders' equity	$ 4,262,914	$ 4,015,909

CONSOLIDATED STATEMENTS OF CON3

CONSOLIDATED STATEMENTS OF CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Held-to-maturity, fair value	$ 227,427	$ 230,558
Subordinated debentures, debt issuance costs	$ 714	$ 812
Preferred stock, liquidation value (in Dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred Stock, total liquidation value		$ 11,250
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	32,261,240	32,149,585
Common stock, shares outstanding	30,197,318	30,085,663
Treasury Stock, Shares	2,063,922	2,063,922
Series B Preferred Stock [Member]
Preferred stock, shares issued		11,250
Preferred stock, shares outstanding		11,250

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest income
Interest and fees on loans	$ 36,561	$ 30,217	$ 71,578	$ 59,531
Interest and dividends on investment securities:
Taxable	1,965	2,760	4,105	5,671
Tax-exempt	996	883	1,879	1,765
Dividends	370	280	722	500
Interest on federal funds sold and other short-term investments	146	41	280	84
Total interest income	40,038	34,181	78,564	67,551
Interest expense
Deposits	4,434	3,301	8,373	6,325
Borrowings	3,210	2,202	6,477	4,256
Total interest expense	7,644	5,503	14,850	10,581
Net interest income	32,394	28,678	63,714	56,970
Provision for loan and lease losses	3,750	1,550	6,750	3,375
Net interest income after provision for loan and lease losses	28,644	27,128	56,964	53,595
Noninterest income
Annuities and insurance commissions	32	46	72	133
Bank-owned life insurance	616	388	1,228	774
Net gains on sale of loans held for sale	56	99	92	213
Deposit, loan and other income	763	458	1,277	921
Insurance recovery		2,224		2,224
Net gains on sales of investment securities	103	221	103	726
Total noninterest income	1,570	3,436	2,772	4,991
Noninterest expenses
Salaries and employee benefits	7,753	6,948	15,353	13,575
Occupancy and equipment	2,154	1,788	4,401	3,869
FDIC insurance	615	440	1,210	1,000
Professional and consulting	700	715	1,412	1,209
Marketing and advertising	250	193	523	387
Data processing	1,010	829	2,033	1,729
Loss on extinguishment of debt		2,397		2,397
Amortization of core deposit intangible	217	241	434	483
Other expenses	1,653	1,423	3,339	2,955
Total noninterest expenses	14,352	14,974	28,705	27,604
Income before income tax expense	15,862	15,590	31,031	30,982
Income tax expense	5,003	5,069	9,781	10,081
Net income	10,859	10,521	21,250	20,901
Less: Preferred stock dividends		28	22	56
Net income available to common stockholders	$ 10,859	$ 10,493	$ 21,228	$ 20,845
Earnings per common share:
Basic	$ 0.36	$ 0.35	$ 0.71	$ 0.70
Diluted	$ 0.36	$ 0.35	$ 0.70	$ 0.69
Weighted average common shares outstanding:
Basic	30,089,829	29,868,247	30,071,278	29,812,521
Diluted	30,340,376	30,231,480	30,331,172	30,203,682
Dividend per common share	$ 0.075	$ 0.075	$ 0.15	$ 0.15

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 10,859	$ 10,521	$ 21,250	$ 20,901
Unrealized gains and losses:
Unrealized holding gains (losses) on available-for-sale securities arising during the period	1,179	(2,811)	2,074	(1,304)
Tax effect	(464)	1,119	(821)	524
Net of tax	715	(1,692)	1,253	(780)
Reclassification adjustment for realized gains included in net income	(103)	(221)	(103)	(726)
Tax effect	42	90	42	297
Net of tax	(61)	(131)	(61)	(429)
Amortization of unrealized net losses on held-to-maturity securities transferred from available-for-sale securities	44	63	96	128
Tax effect	(18)	(27)	(39)	(52)
Net of tax	26	36	57	76
Unrealized gains (losses) on cash flow hedges	(289)	236	(1,725)	(298)
Tax effect	118	(96)	704	122
Net of tax	(171)	140	(1,021)	(176)
Unrealized pension plan gains and losses:
Unrealized pension plan (losses) gains before reclassifications		153	(1)	787
Tax effect		(63)		(321)
Net of tax		90	(1)	466
Reclassification adjustment for realized losses included in net income		108	102	216
Tax effect		(44)	(41)	(89)
Net of tax		64	61	127
Total other comprehensive (loss) income	509	(1,493)	288	(716)
Total comprehensive income	$ 11,368	$ 9,028	$ 21,538	$ 20,185

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2014	$ 11,250	$ 374,287	$ 6,015	$ 72,398	$ (16,717)	$ (1,014)	$ 446,219
Net income				20,901			20,901
Other comprehensive loss, net of tax						(716)	(716)
Dividend on series B preferred stock				(56)			(56)
Cash dividends declared on common stock ($0.15 per share)				(4,471)			(4,471)
Exercise of stock options			1,379				1,379
Restricted stock and performance units grants
Stock-based compensation expense			726				726
Balance at Jun. 30, 2015	11,250	374,287	8,120	88,772	(16,717)	(1,730)	463,982
Balance at Dec. 31, 2015	11,250	374,287	8,527	104,606	(16,717)	(4,609)	477,344
Net income				21,250			21,250
Other comprehensive loss, net of tax						288	288
Dividend on series B preferred stock				(22)			(22)
Cash dividends declared on common stock ($0.15 per share)				(4,533)			(4,533)
Redemption of preferred stock	(11,250)						(11,250)
Exercise of stock options			232				232
Restricted stock and performance units grants
Stock-based compensation expense			1,105				1,105
Balance at Jun. 30, 2016		$ 374,287	$ 9,864	$ 121,301	$ (16,717)	$ (4,321)	$ 484,414

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash dividends declared on common stock (in Dollars per share)	$ 0.15	$ 0.15
Exercise of stock options, shares	38,735
Restricted stock and performance units grants, shares	75,520	162,491
Additional Paid-in Capital [Member]
Exercise of stock options, shares	36,135	339,334

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net income	$ 21,250	$ 20,901
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	1,298	1,133
Provision for loan and lease losses	6,750	3,375
Amortization of intangibles	434	483
Net accretion of loans	(2,449)	(2,692)
Accretion on bank premises	(63)	(51)
Accretion on deposits	(132)	(307)
Accretion on borrowings	(173)	(264)
Stock-based compensation	1,105	726
Gains on sales of investment securities, net	(103)	(726)
Gains on sale of loans held for sale, net	(92)	(213)
Loans originated for resale	(2,797)	(13,602)
Proceeds from sale of loans held for sale	2,529	13,691
Net (gain) loss on sale of other real estate owned	(210)	112
Increase in cash surrender value of bank-owned life insurance	(1,228)	(775)
Amortization of premiums and accretion of discounts on investments securities, net	770	1,136
Increase in accrued interest receivable	(181)	(355)
Increase in other assets	(6,988)	(2,009)
Increase (decrease) in other liabilities	4,734	(1,600)
Net cash provided by operating activities	24,454	18,963
Investment securities available-for-sale:
Purchases	(68,155)	(10,909)
Sales	6,573	12,271
Maturities, calls and principal repayments	50,758	22,074
Investment securities held-to-maturity:
Purchases	(1,000)	(14,497)
Maturities and principal repayments	9,972	6,308
Net redemptions (purchases) of restricted investment in bank stocks	7,402	(3,543)
Net increase in loans	(275,305)	(224,704)
Purchases of premises and equipment	(1,379)	(1,682)
Proceeds from sale of other real estate owned	1,312	126
Net cash used in investing activities	(269,822)	(214,556)
Cash flows from financing activities
Net increase in deposits	410,159	93,931
Increase in subordinated debt		50,000
Advances of FHLB borrowings	375,000	500,000
Repayments of FHLB borrowings	(550,000)	(430,531)
Repayment of repurchase agreement		(16,000)
Cash dividends paid on common stock	(4,533)	(4,494)
Cash dividends paid on preferred stock	(22)	(56)
Redemption of preferred stock	(11,250)
Proceeds from exercise of stock options	232	1,379
Net cash provided by financing activities	219,586	194,229
Net change in cash and cash equivalents	(25,782)	(1,364)
Cash and cash equivalents at beginning of period	200,895	126,847
Cash and cash equivalents at end of period	175,113	125,483
Cash payments for:
Interest paid on deposits and borrowings	14,620	10,149
Income taxes	14,685	12,545
Supplemental disclosures of noncash investing activities
Transfer of loans to other real estate owned	$ 583	$ 694

Nature of Operations and Princi

Nature of Operations and Principles of Consolidation	6 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Nature of Operations and Principles of Consolidation	Note 1. Nature of Operations and Principles of Consolidation The consolidated financial statements of ConnectOne Bancorp, Inc. (the “Parent Corporation”) are prepared on an accrual basis and include the accounts of the Parent Corporation and its wholly-owned subsidiary, ConnectOne Bank (the “Bank” and, collectively with the Parent Corporation and the Parent Corporation’s other direct and indirect subsidiaries, the “Company”). All significant intercompany accounts and transactions have been eliminated from the accompanying consolidated financial statements. The Bank is a community-based, full-service New Jersey-chartered commercial bank that was founded in 2005. The Bank operates from its headquarters located at 301 Sylvan Avenue in the Borough of Englewood Cliffs, Bergen County, New Jersey and through its twenty other banking offices. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate or are expected to be paid from cash flow of business operations. Commercial loans are expected to be repaid from cash flow from business operations. There are no significant concentrations of loans to any one industry or client. However, the clients’ ability to repay their loans is dependent on the cash flows, real estate and general economic conditions in the area. The preceding unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and, accordingly, do not include all of the information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2016, or for any other interim period. The Company’s 2015 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements. In preparing the consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates. The consolidated financial statements have been prepared in conformity with GAAP. Some items in the prior year consolidated financial statements were reclassified to conform to current presentation. Reclassifications had no effect on prior year net income or stockholders’ equity.

New Authoritative Accounting Gu

New Authoritative Accounting Guidance	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
New Authoritative Accounting Guidance	Note 2. New Authoritative Accounting Guidance ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” “Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date” ASU No. 2014-12, “ Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period ASU No. 2015-03, " Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs ASU No. 2015-12, “ Plan Accounting: Defined Benefit Pension Plans (Topic 960): Defined Contribution Pension Plans ASU No. 2015-15, “Interest – Imputation of Interest (Subtopic 835-30) – Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting." ASU No. 2015-16, “Business Combinations (Topic 805) - Simplifying the Accounting for Measurement-Period Adjustments.” ASU No. 2016-1, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU No. 2016-02, “ Leases (Topic 842) ASU 2016-09, “ Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ASU No. 2016-10, “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” “Revenue from Contracts with Customers” “Revenue from Contracts with Customers (Topic 606),” ASU No. 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients ASU No. 2016-13, “ Financial Instruments – Credit Losses (Topic 326)”: Assets Measured at Amortized Cost.” ASU 2016-

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings per Common Share	Note 3. Earnings per Common Share Basic earnings per common share (“EPS”) is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding. Diluted EPS includes any additional common shares as if all potentially dilutive common shares were issued (e.g., stock options). The Company’s weighted average common shares outstanding for diluted EPS include the effect of stock options and restricted stock awards outstanding using the Treasury Stock Method, which are not included in the calculation of basic EPS. Earnings per common share have been computed as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share amounts) 2016 2015 2016 2015 Net income $ 10,859 $ 10,521 $ 21,250 $ 20,901 Preferred stock dividends - (28 ) (22 ) (56 ) Net income available to common stockholders $ 10,859 $ 10,493 $ 21,228 $ 20,845 Basic weighted average common shares outstanding 30,090 29,868 30,071 29,813 Effect of dilutive options 250 363 260 391 Diluted weighted average common shares outstanding 30,340 30,231 30,331 30,204 Earnings per common share: Basic $ 0.36 $ 0.35 $ 0.71 $ 0.70 Diluted 0.36 0.35 0.70 0.69

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 4. Investment Securities The Company’s investment securities are classified as available-for-sale and held-to-maturity at June 30, 2016 and December 31, 2015. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value as of June 30, 2016 and December 31, 2015. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. See Note 7 of the Notes to Consolidated Financial Statements for a further discussion. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. The following tables present information related to the Company’s investment securities at June 30, 2016 and December 31, 2015 (dollars in thousands): Gross Gross Amortized Unrealized Unrealized Fair June 30, 2016 Cost Gains Losses Value Investment securities available-for-sale Federal agency obligations $ 29,785 $ 628 $ (10 ) $ 30,403 Residential mortgage pass-through securities 45,718 1,326 (14 ) 47,030 Commercial mortgage pass-through securities 2,949 125 - 3,074 Obligations of U.S. states and political subdivisions 38,085 336 - 38,421 Trust preferred securities 16,089 506 (268 ) 16,327 Corporate bonds and notes 34,098 1,003 (182 ) 34,919 Asset-backed securities 17,124 - (412 ) 16,712 Certificates of deposit 1,196 21 - 1,217 Equity securities 376 16 (11 ) 381 Other securities 19,724 123 (65 ) 19,782 Total securities available-for-sale $ 205,144 $ 4,084 $ (962 ) $ 208,266 Investment securities held-to-maturity U.S. Treasury and agency securities $ 28,574 $ 2,373 $ - $ 30,947 Federal agency obligations 29,459 825 - 30,284 Residential mortgage-backed securities 3,147 30 (12 ) 3,165 Commercial mortgage-backed securities 1,301 44 - 1,345 Obligations of U.S. states and political divisions 115,154 7,661 - 122,815 Corporate bonds and notes 37,083 1,795 (7 ) 38,871 Total securities held-to-maturity $ 214,718 $ 12,728 $ (19 ) $ 227,427 Total investment securities $ 419,862 $ 16,812 $ (981 ) $ 435,693 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2015 Cost Gains Losses Value Investment securities available-for-sale Federal agency obligations $ 29,062 $ 142 $ (58 ) $ 29,146 Residential mortgage pass-through securities 44,155 803 (48 ) 44,910 Commercial mortgage pass-through securities 2,981 - (9 ) 2,972 Obligations of U.S. states and political subdivisions 8,188 169 - 8,357 Trust preferred securities 16,088 398 (231 ) 16,255 Corporate bonds and notes 53,566 702 (292 ) 53,976 Asset-backed securities 20,005 18 (298 ) 19,725 Certificates of deposit 1,895 18 (8 ) 1,905 Equity securities 376 21 (23 ) 374 Other securities 18,303 - (153 ) 18,150 Total securities available-for-sale $ 194,619 $ 2,271 $ (1,120 ) $ 195,770 Investment securities held-to-maturity U.S. Treasury and agency securities $ 28,471 $ 755 $ - $ 29,226 Federal agency obligations 33,616 280 (119 ) 33,777 Residential mortgage-backed securities 3,805 11 (6 ) 3,810 Commercial mortgage-backed securities 4,110 27 (2 ) 4,135 Obligations of U.S. states and political divisions 118,015 5,001 (3 ) 123,013 Corporate bonds and notes 36,039 719 (161 ) 36,597 Total securities held-to-maturity $ 224,056 $ 6,793 $ (291 ) $ 230,558 Total investment securities $ 418,675 $ 9,064 $ (1,411 ) $ 426,328 The following table presents information for investment securities at June 30, 2016, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. June 30, 2016 Amortized Fair Cost Value (in thousands) Investment securities available-for-sale Due in one year or less $ 2,770 $ 2,792 Due after one year through five years 18,536 19,095 Due after five years through ten years 37,235 37,547 Due after ten years 77,836 78,565 Residential mortgage pass-through securities 45,718 47,030 Commercial mortgage pass-through securities 2,949 3,074 Equity securities 376 381 Other securities 19,724 19,782 Total $ 205,144 $ 208,266 Investment securities held-to-maturity Due in one year or less $ 6,007 $ 6,037 Due after one year through five years 10,238 10,573 Due after five years through ten years 84,718 90,673 Due after ten years 109,307 115,634 Residential mortgage-backed securities 3,147 3,165 Commercial mortgage-backed securities 1,301 1,345 Total $ 214,718 $ 227,427 Total investment securities $ 419,862 $ 435,693 Gross gains and losses from the sales, calls and maturities of investment securities for the three-month and six-month periods ended June 30, 2016 and 2015 were as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Proceeds $ 6,573 $ 2,734 $ 6,573 $ 12,271 Gross gains on sales of investment securities 103 221 103 726 Gross losses on sales of investment securities - - - - Net gains on sales of investment securities 103 221 103 726 Less: tax provision on net gains 42 90 42 297 Total $ 61 $ 131 $ 61 $ 429 The Company performs regular analysis on the available-for-sale securities portfolio to determine whether a decline in fair value indicates that an investment is other-than-temporarily impaired in accordance with FASB ASC 320-10. FASB ASC 320-10 requires companies to record other-than-temporary impairment (“OTTI”) charges, through earnings, if they have the intent to sell, or more likely than not will be required to sell, an impaired debt security before recovery of its amortized cost basis. If the Company intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current period credit loss, the OTTI is recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its estimated fair value at the balance sheet date. If the Company does not intend to sell the security and it is more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current period loss, and as such, it determines that a decline in fair value is other-than-temporary, the OTTI is separated into the amount representing the credit loss and the amount related to all other factors. The amount of the OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected and is recognized in earnings. The amount of the total OTTI related to other factors is recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. The Company reviews all securities for potential recognition of other-than-temporary impairment. The Company maintains a watch list for the identification and monitoring of securities experiencing problems that require a heightened level of review. This could include credit rating downgrades. The Company’s assessment of whether an impairment in the portfolio is other-than temporary includes factors such as whether the issuer has defaulted on scheduled payments, announced restructuring and/or filed for bankruptcy, has disclosed severe liquidity problems that cannot be resolved, disclosed deteriorating financial condition or sustained significant losses. Temporarily Impaired Investments The Company does not believe that the unrealized losses, for all securities, which were comprised of 42 and 74 investment securities as of June 30, 2016 and December 31, 2015, respectively, represent an other-than-temporary impairment. The gross unrealized losses associated with U.S. Treasury and agency securities, federal agency obligations, mortgage-backed securities, corporate bonds, tax-exempt securities, asset-backed securities, trust preferred securities, mutual funds and equity securities are not considered to be other-than-temporary because these unrealized losses are related to changes in interest rates and do not affect the expected cash flows of the underlying collateral or issuer. Factors affecting the market price include credit risk, market risk, interest rates, economic cycles, and liquidity risk. The magnitude of any unrealized loss may be affected by the relative concentration of the Company’s investment in any one issuer or industry. The Company has established policies to reduce exposure through diversification of concentration of the investment portfolio including limits on concentrations to any one issuer. The Company believes the investment portfolio is prudently diversified. The decline in value is related to a change in interest rates and subsequent change in credit spreads required for these issues affecting market price. All issues are performing and are expected to continue to perform in accordance with their respective contractual terms and conditions. Short to intermediate average durations and in certain cases monthly principal payments should reduce further market value exposure to increases in rates. The Company evaluates all securities with unrealized losses quarterly to determine whether the loss is other-than-temporary. Unrealized losses in the corporate debt securities category consist primarily of senior unsecured corporate debt securities issued by large financial institutions, insurance companies and other corporate issuers. Single issuer corporate trust preferred securities are also included, and in the case of one holding the market valuation loss is largely based upon the floating rate coupon and corresponding market valuation. Neither that trust preferred issuer, nor any other corporate issuers, have defaulted on interest payments. The unrealized loss in equity securities consists of losses on other bank equities. The decline in fair value is due in large part to the lack of an active trading market for these securities, changes in market credit spreads and rating agency downgrades. Management concluded that these securities were not other-than-temporarily impaired at June 30, 2016. In determining that the securities giving rise to the previously mentioned unrealized losses were not other-than-temporary, the Company evaluated the factors cited above, which the Company considers when assessing whether a security is other-than-temporarily impaired. In making these evaluations the Company must exercise considerable judgment. Accordingly, there can be no assurance that the actual results will not differ from the Company’s judgments and that such differences may not require the future recognition of other-than-temporary impairment charges that could have a material effect on the Company’s financial position and results of operations. In addition, the value of, and the realization of any loss on, an investment security is subject to numerous risks as cited above. The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at June 30, 2016 and December 31, 2015: June 30, 2016 Total Less than 12 Months 12 Months or Longer Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (in thousands) Investment securities available-for-sale Federal agency obligation $ 3,140 $ (10 ) $ 2,824 $ (9 ) $ 316 $ (1 ) Residential mortgage pass-through securities 2,090 (14 ) 1,681 (8 ) 409 (6 ) Trust preferred securities 1,309 (268 ) - - 1,309 (268 ) Corporate bonds and notes 11,145 (182 ) 7,290 (72 ) 3,855 (110 ) Asset-backed securities 16,513 (412 ) 6,988 (177 ) 9,525 (235 ) Equity securities 123 (11 ) - - 123 (11 ) Other securities 5,435 (65 ) - - 5,435 (65 ) Total $ 39,755 $ (962 ) $ 18,783 $ (266 ) $ 20,972 $ (696 ) Investment securities held-to-maturity Residential mortgage pass-through securities 1,751 (12 ) 1,751 (12 ) - - Corporate bonds and notes 2,765 (7 ) - - 2,765 (7 ) Total $ 4,516 $ (19 ) $ 1,751 $ (12 ) $ 2,765 $ (7 ) Total temporarily impaired securities $ 44.271 $ (981 ) $ 20,534 $ (278 ) $ 23,737 $ (703 ) December 31, 2015 Total Less than 12 Months 12 Months or Longer Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (dollars in thousands) Investment Securities Available-for-Sale: Federal agency obligation $ 12,260 $ (58 ) $ 12,013 $ (54 ) $ 247 $ (4 ) Residential mortgage pass-through securities 9,027 (48 ) 9,027 (48 ) - - Commercial mortgage-backed securities 2,971 (9 ) 2,971 (9 ) - - Trust preferred securities 1,345 (231 ) - - 1,345 (231 ) Corporate bonds and notes 16,533 (292 ) 12,702 (161 ) 3,831 (131 ) Asset-backed securities 14,745 (298 ) 11,250 (188 ) 3,495 (110 ) Certificates of deposit 215 (8 ) 215 (8 ) - - Equity securities 123 (23 ) - - 123 (23 ) Other securities 5,347 (153 ) - - 5,347 (153 ) Total $ 62,566 $ (1,120 ) $ 48,178 $ (468 ) $ 14,388 $ (652 ) Investment Securities Held-to-Maturity: Federal agency obligation 12,554 (119 ) 11,783 (109 ) 771 (10 ) Residential mortgage pass-through securities 2,480 (6 ) 2,480 (6 ) - - Commercial mortgage-backed securities 1,331 (2 ) 1,331 (2 ) - - Obligations of U.S. states and political subdivisions 981 (3 ) 981 (3 ) - - Corporate bonds and notes 5,536 (161 ) 5,536 (161 ) - - Total $ 22,882 $ (291 ) $ 22,111 $ (281 ) $ 771 $ (10 ) Total Temporarily Impaired Securities $ 85,448 $ (1,411 ) $ 70,289 $ (749 ) $ 15,159 $ (662 ) Investment securities having a carrying value of approximately $165.6 million and $142.5 million at June 30, 2016 and December 31, 2015, respectively, were pledged to secure public deposits, borrowings, Federal Reserve Discount Window and Federal Home Loan Bank advances and for other purposes required or permitted by law. As of June 30, 2016 and December 31, 2015, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 5 - Derivatives The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swap does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements. Interest rate swaps were entered into on August 24, 2015, December 30, 2014 and October 15, 2014 each with a respective notional amount of $25.0 million and were designated as cash flow hedges of a Federal Home Loan Bank advance. The swaps were determined to be fully effective during the period presented and therefore no amount of ineffectiveness has been included in net income while the aggregate fair value of the swaps is recorded in other assets (liabilities) with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining term of the swaps. Summary information about the interest rate swaps designated as cash flow hedges as of June 30, 2016, December 31, 2015 and June 30, 2015 are presented in the following table. June 30, December 31, June 30, (dollars in thousands) 2016 2015 2015 Notional amount $ 75,000 $ 75,000 $ 50,000 Weighted average pay rates 1.58 % 1.56 % 1.58 % Weighted average receive rates 0.65 % 0.44 % 0.26 % Weighted average maturity 3.3 years 3.8 years 3.9 years Fair value $ (1,856 ) $ (131 ) $ (250 ) Interest expense recorded on these swap transactions totaled approximately $176,000 and $367,000 for the three and six months ended June 30, 2016 and approximately $165,000 and $331,000 for the three and six months ended June 30, 2015. Cash Flow Hedge The following table presents the net gains (losses), recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods: Six Months Ended June 30, 2016 Amount of loss Amount of loss Amount of loss recognized reclassified recognized in other in OCI (Effective from OCI to Non-interest income (in thousands) Portion) interest income (Ineffective Portion) Interest rate contracts $ (1,725) $ - $ - Six Months Ended June 30, 2015 Amount of loss Amount of loss Amount of loss recognized reclassified recognized in other in OCI (Effective from OCI to Non-interest income (in thousands) Portion) interest income (Ineffective Portion) Interest rate contracts $ (298) $ - $ - The following table reflects the cash flow hedges included in the consolidated statements of condition as of June 30, 2016 and December 31, 2015: 2016 2015 Notional Notional (in thousands) Amount Fair Value Amount Fair Value Included in other assets/(liabilities): Interest rate swaps related to FHLB Advances $ 75,000 $ (1,856 ) $ 75,000 $ (131 )

Loans and the Allowance for Loa

Loans and the Allowance for Loan and Lease Losses	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Loans and the Allowance for Loan and Lease Losses	Note 6. Loans and the Allowance for Loan and Lease Losses Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, premiums and discounts related to purchase accounting and an allowance for loan and lease losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. Loan segments are defined as a group of loans and leases, which share similar initial measurement attributes, risk characteristics, and methods for monitoring and assessing credit risk. Management has determined that the Company has five segments of loans and leases: commercial (including lease financing), commercial real estate, commercial construction, residential real estate (including home equity) and consumer. Interest income on commercial, commercial real estate, commercial construction and residential loans are discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. A loan is moved to nonaccrual status in accordance with the Company’s policy, typically after 90 days of non-payment. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such 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. The policy of the Company is to generally grant commercial, residential and consumer loans to residents and businesses within its market area. The borrowers’ abilities to repay their obligations are dependent upon various factors including the borrowers’ income and net worth, cash flows generated by the borrowers’ underlying collateral, value of the underlying collateral, and priority of the lender’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the control of the Company. The Company is therefore subject to risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for loan and lease losses are provided for all known and inherent risks. Collateral and/or personal guarantees are required for a large majority of the Company’s loans. Allowance for Loan and Lease Losses The allowance for loan and lease losses is a valuation allowance for probable incurred credit losses. Losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan and lease loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans, for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDRs”) and classified as impaired. As part of the evaluation of impaired loans, the Company individually reviews for impairment all non-homogeneous loans internally classified as substandard or below. Generally, smaller impaired non-homogeneous loans and impaired homogeneous loans are collectively evaluated for impairment. 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. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan and lease losses. The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience, the primary factor, is determined by loan class and is based on the actual loss history experienced by the Bank over an actual three year rolling calculation. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. This actual loss experience is supplemented with the exogenous factor adjustments based on the risks present for each loan category. These exogenous factors (nine total) include consideration of the following: concentrations of credit; delinquency & nonaccrual trends; economic & business conditions including evaluation of the national and regional economies and industries with significant loan concentrations; external factors including legal, regulatory or competitive pressures that may impact the loan portfolio; changes in the experience, ability, or size of the lending staff, management, or board of directors that may impact the loan portfolio; changes in underwriting standards, collection procedures, charge-off practices, or other changes in lending policies and procedures that may impact the loan portfolio; loss and recovery trends; changes in portfolio size and mix; and trends in problem loans. Purchased Credit-Impaired Loans The Company purchases groups of loans in conjunction with mergers, some of which have shown evidence of credit deterioration since origination. These purchased credit impaired loans are recorded at the amount paid, such that there is no carryover of the seller’s allowance for loan and lease losses. After acquisition, losses are recognized by an increase in the allowance for loan and lease losses. Such purchased credit-impaired loans (“PCI”) are accounted for individually. The Company estimates the amount and timing of expected cash flows for each loan and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). A PCI loan may be resolved either through a sale of the loan, by working with the customer and obtaining partial or full repayment, by short sale of the collateral, or by foreclosure. A gain or loss on resolution would be recognized based on the difference between the proceeds received and the carrying amount of the loan. Payments received earlier than expected or in excess of expected cash flows from sales or other resolutions may result in the carrying value of a pool being reduced to zero even though outstanding contractual balances and expected cash flows remain related to loans in the pool. Once the carrying value of a pool is reduced to zero, any future proceeds, which may include cash or real estate acquired in foreclosure, from the remaining loans, representing further realization of accretable yield, are recognized as interest income upon receipt. PCI loans that met the criteria for nonaccrual may be considered performing, regardless of whether the customer is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable discount. Composition of Loan Portfolio The following table sets forth the composition of the Company’s loan portfolio, including net deferred loan fees, at June 30, 2016 and December 31, 2015: December 31, June 30, 2016 2015 (in thousands) Commercial $ 630,425 $ 570,116 Commercial real estate 2,071,769 1,966,696 Commercial construction 443,277 328,838 Residential real estate 230,497 233,690 Consumer 1,976 2,454 Gross loans 3,377,944 3,101,794 Net deferred loan fees (2,324 ) (2,787 ) Total loans receivable $ 3,375,620 $ 3,099,007 At June 30, 2016 and December 31, 2015 loan balances of approximately $1.6 billion were pledged to secure borrowings from the Federal Home Loan Bank of New York. Purchased Credit-Impaired Loans The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows at June 30, 2016 and December 31, 2015. June 30, December 31, 2016 2015 (in thousands) Commercial $ 7,028 $ 7,078 Commercial real estate 1,030 1,775 Residential real estate - 328 Total carrying amount $ 8,058 $ 9,181 For those purchased loans disclosed above, the Company did not increase the allowance for loan and lease losses for the three and six months ended June 30, 2016. The accretable yield, or income expected to be collected, on the purchased loans disclosed above for the three and six months ended June 30, 2016 is as follows (in thousands): Three Months Three Months Ended June Ended June 30, 2016 30, 2015 Beginning balance $ 3,416 $ 4,250 New loans purchased - - Accretion of income (183 ) (237 ) Reclassification from nonaccretable differences - - Disposals - - Ending balance $ 3,233 $ 4,013 Six Months Six Months Ended June Ended June 30, 2016 30, 2015 Beginning balance $ 3,599 $ 4,467 New loans purchased - - Accretion of income (366 ) (454 ) Reclassification from nonaccretable differences - - Disposals - - Ending balance $ 3,233 $ 4,013 The following table presents information about the recorded investment in loan receivables on nonaccrual status by segment at June 30, 2016 and December 31, 2015: Loans Receivable on Nonaccrual Status June 30, December 31, 2016 2015 (in thousands) Commercial $ 9,480 $ 6,586 Commercial real estate 9,478 9,112 Commercial construction - 1,479 Residential real estate 2,953 3,559 Total loans receivable on nonaccrual status $ 21,911 $ 20,736 The Company continuously monitors the credit quality of its loans receivable. In addition to its internal staff, the Company utilizes the services of a third party loan review firm to rate the credit quality of its loans receivable. Credit quality is monitored by reviewing certain credit quality indicators. Assets classified “Pass” are deemed to possess average to superior credit quality, requiring no more than normal attention. Assets classified as “Special Mention” have generally acceptable credit quality yet possess higher risk characteristics/circumstances than satisfactory assets. Such conditions include strained liquidity, slow pay, stale financial statements, or other conditions that require more stringent attention from the lending staff. These conditions, if not corrected, may weaken the loan quality or inadequately protect the Company’s credit position at some future date. Assets are classified “Substandard” if the asset has a well-defined weakness that requires management’s attention to a greater degree than for loans classified special mention. Such weakness, if left uncorrected, could possibly result in the compromised ability of the loan to perform to contractual requirements. An asset is classified as “Doubtful” if it is inadequately protected by the net worth and/or paying capacity of the obligor or of the collateral, if any, that secures the obligation. Assets classified as doubtful include assets for which there is a “distinct possibility” that a degree of loss will occur if the inadequacies are not corrected. The following table presents information, excluding net deferred loan fees, about the Company’s loan credit quality at June 30, 2016 and December 31, 2015: June 30, 2016 Special Pass Mention Substandard Doubtful Total (in thousands) Commercial $ 517,271 $ 7,812 $ 105,342 $ - $ 630,425 Commercial real estate 2,015,082 27,230 29,457 - 2,071,769 Commercial construction 443,277 - - - 443,277 Residential real estate 227,173 - 3,324 - 230,497 Consumer 1,900 - 76 - 1,976 Total loans $ 3,204,703 $ 35,042 $ 138,199 $ - $ 3,377,944 December 31, 2015 Special Pass Mention Substandard Doubtful Total (in thousands) Commercial $ 462,358 $ 11,760 $ 95,998 $ - $ 570,116 Commercial real estate 1,919,041 18,990 28,426 239 1,966,696 Commercial construction 326,697 662 1,479 - 328,838 Residential real estate 229,426 - 4,264 - 233,690 Consumer 2,368 - 86 - 2,454 Total loans $ 2,939,890 $ 31,412 $ 130,253 $ 239 $ 3,101,794 The following table provides an analysis of the impaired loans, by loan segment, at June 30, 2016 and December 31, 2015: June 30, 2016 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (in thousands) Commercial $ 2,313 $ 2,692 Commercial real estate 16,233 16,200 Commercial construction 1,053 1,049 Residential real estate 3,324 3,730 Consumer 76 76 Total $ 22,999 $ 23,747 With an allowance recorded Commercial $ 96,901 $ 96,664 $ 9,576 Commercial real estate 153 153 98 Total $ 97,504 $ 96,817 $ 9,674 Total Commercial $ 99,214 $ 99,356 $ 9,576 Commercial real estate 16,386 16,353 98 Commercial construction 1,053 1,049 - Residential real estate 3,324 3,730 - Consumer 76 76 - Total $ 120,053 $ 120,564 $ 9,674 December 31, 2015 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (in thousands) Commercial $ 610 $ 645 Commercial real estate 15,517 16,512 Commercial construction 2,149 2,141 Residential real estate 3,954 4,329 Consumer 87 86 Total $ 22,317 $ 23,713 With an allowance recorded Commercial $ 84,787 $ 84,449 $ 6,725 Total Commercial $ 85,397 $ 85,094 $ 6,725 Commercial real estate 15,517 16,512 - Commercial construction 2,149 2,141 - Residential real estate 3,954 4,329 - Consumer 87 86 - Total $ 107,104 $ 108,162 $ 6,725 The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by segment as of and for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized Investment Recognized Impaired loans with no related allowance recorded: Commercial $ 2,370 $ 20 $ 76,744 $ 484 $ 2,337 $ 20 $ 37,855 $ 484 Commercial real estate 16,072 27 3,898 13 15,623 53 3,935 32 Commercial construction 1,426 16 - - 1,911 33 - - Residential real estate 3,947 5 3,481 2 4,021 10 3,512 4 Consumer 79 1 102 2 82 2 105 2 Total $ 23,894 $ 69 $ 84,225 $ 501 $ 23,974 $ 118 $ 45,407 $ 522 Impaired loans with an allowance recorded: Commercial $ 93,260 $ 784 $ 1,559 $ - $ 88,691 $ 1,522 $ 1,569 $ - Commercial real estate 153 - 4,298 - 153 - 4,268 - Total $ 93,413 $ 784 $ 5,857 $ - $ 88,844 $ 1,522 $ 5,837 $ - Total impaired loans: Commercial $ 95,630 $ 804 $ 78,303 $ 484 $ 91,028 $ 1,542 $ 39,424 $ 484 Commercial real estate 16,225 27 8,196 13 15,776 53 8,203 32 Commercial construction 1,426 16 - - 1,911 33 - - Residential mortgage 3,947 5 3,481 2 4,021 10 3,512 4 Consumer 79 1 102 2 82 2 105 2 Total $ 117,307 $ 853 $ 90,082 $ 501 $ 112,818 $ 1,640 $ 51,244 $ 522 Included in impaired loans at June 30, 2016 and December 31, 2015 are loans that are deemed troubled debt restructurings. The recorded investment in loans include accrued interest receivable and other capitalized costs such as real estate taxes paid on behalf of the borrower. Cash basis interest and interest income recognized on accrual basis approximate each other. The following table provides an analysis of the aging of gross loans that are past due at June 30, 2016 and December 31, 2015 by segment: Aging Analysis June 30, 2016 Loans Receivable 90 90 Days or Days or Greater 30-59 Days 60-89 Days Greater Past Total Past Total Loans Past Due and Past Due Past Due Due Due Current Receivable Accruing (in thousands) Commercial $ 375 $ 1,726 $ 8,677 $ 10,778 $ 619,647 $ 630,425 $ - Commercial real estate 150 1,729 9,327 11,206 2,060,563 2,071,769 - Commercial construction - - - - 443,277 443,277 - Residential real estate 609 802 2,100 3,511 226,986 230,497 - Consumer 8 - - 8 1,968 1,976 Total $ 1,142 $ 4,257 $ 20,104 $ 25,503 $ 3,352,441 $ 3,377,944 $ - December 31, 2015 Loans Receivable 90 90 Days or Days or Greater 30-59 Days 60-89 Days Greater Past Total Past Total Loans Past Due and Past Due Past Due Due Due Current Receivable Accruing (in thousands) Commercial $ 6,887 $ 3,505 $ 6,865 $ 17,257 $ 552,859 $ 570,116 $ - Commercial real estate 1,998 988 9,561 12,547 1,954,149 1,966,696 - Commercial construction - - 1,479 1,479 327,359 328,838 - Residential real estate - - 2,122 2,122 231,568 233,690 - Consumer 4 9 - 13 2,441 2,454 - Total $ 8,889 $ 4,502 $ 20,027 $ 33,418 $ 3,068,376 $ 3,101,794 $ - The following tables detail, at the period-end presented, the amount of gross loans that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan and lease losses that are allocated to each loan portfolio segment: June 30, 2016 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Allowance for loan and lease losses Individually evaluated for impairment $ 9,674 $ - $ - $ - $ - $ - $ 9,674 Collectively evaluated for impairment 5,874 11,371 4,040 1,091 4 709 23,089 Acquired portfolio - - - - - - - Acquired with deteriorated credit quality - - - - - - - Total $ 15,548 $ 11,371 $ 4,040 $ 1,091 $ 4 $ 709 $ 32,763 Gross loans Individually evaluated for impairment $ 99,214 $ 16,386 $ 1,053 $ 3,324 $ 76 $ - $ 120,053 Collectively evaluated for impairment 464,080 1,406,028 434,402 144,204 1,268 - 2,449,982 Acquired portfolio 60,103 648,325 7,822 82,969 632 - 799,851 Acquired with deteriorated credit quality 7,028 1,030 - - - - 8,058 Total $ 630,425 $ 2,071,769 $ 443,277 $ 230,497 $ 1,976 $ - $ 3,377,944 December 31, 2015 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Allowance for loan and lease losses Individually evaluated for impairment $ 6,725 $ - $ - $ - $ - $ - $ 6,725 Collectively evaluated for impairment 4,224 10,926 3,253 976 4 464 19,847 Acquired portfolio - - - - - - - Acquired with deteriorated credit quality - - - - - - - Total $ 10,949 $ 10,926 $ 3,253 $ 976 $ 4 $ 464 $ 26,572 Gross loans Individually evaluated for impairment $ 85,397 $ 15,517 $ 2,149 $ 3,954 $ 87 $ - $ 107,104 Collectively evaluated for impairment 395,424 1,269,140 315,785 136,633 1,649 - 2,118,631 Acquired portfolio 82,217 680,264 10,904 92,775 718 866,878 Acquired with deteriorated credit quality 7,078 1,775 - 328 - - 9,181 Total $ 570,116 $ 1,966,696 $ 328,838 $ 233,690 $ 2,454 $ - $ 3,101,794 The Company’s allowance for loan and lease losses is analyzed quarterly. Many factors are considered, including growth in the portfolio, delinquencies, nonaccrual loan levels, and other factors inherent in the extension of credit. There have been no material changes to the allowance for loan and lease losses methodology as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. A summary of the activity in the allowance for loan and lease losses is as follows: Three Months Ended June 30, 2016 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at March 31, 2016 $ 13,097 $ 10,941 $ 3,617 $ 1,074 $ 4 $ 341 $ 29,074 Charge-offs (72 ) - - - (5 ) - (77 ) Recoveries 1 12 - 2 1 - 16 Provision 2,522 418 423 15 4 368 3,750 Balance at June 30, 2016 $ 15,548 $ 11,371 $ 4,040 $ 1,091 $ 4 $ 709 $ 32,763 Three Months Ended June 30, 2015 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at March 31, 2015 $ 3,927 $ 8,846 $ 1,518 $ 981 $ 4 $ 657 $ 15,933 Charge-offs (55 ) (278 ) - - (1 ) - (334 ) Recoveries 3 327 - - 1 - 331 Provision 758 300 427 180 3 (118 ) 1,550 Balance at June 30, 2015 $ 4,633 $ 9,195 $ 1,945 $ 1,161 $ 7 $ 539 $ 17,480 Six Months Ended June 30, 2016 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at December 31, 2015 $ 10,949 $ 10,926 $ 3,253 $ 976 $ 4 $ 464 $ 26,572 Charge-offs (517 ) - - (67 ) (5 ) - (589 ) Recoveries 2 25 - 2 1 - 30 Provision 5,114 420 787 180 4 245 6,750 Balance at June 30, 2016 $ 15,548 $ 11,371 $ 4,040 $ 1,091 $ 4 $ 709 $ 32,763 Six Months Ended June 30, 2015 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at December 31, 2014 $ 3,083 $ 7,799 $ 1,239 $ 1,113 $ 7 $ 919 $ 14,160 Charge-offs (100 ) (282 ) - - (13 ) - (395 ) Recoveries 10 327 - 2 1 - 340 Provision 1,640 1,351 706 46 12 (380 ) 3,375 Balance at June 30, 2015 $ 4,633 $ 9,195 $ 1,945 $ 1,161 $ 7 $ 539 $ 17,480 Troubled Debt Restructurings At June 30, 2016, there were no commitments to lend additional funds to borrowers whose loans were on nonaccrual status or were contractually past due in excess of 90 days and still accruing interest, or whose terms have been modified in troubled debt restructurings. The policy of the Company generally is to grant commercial, mortgage and consumer loans to residents and businesses within its market area. The ability of borrowers abilities to repay their obligations are dependent upon various factors, including the borrowers’ income and net worth, cash flows generated by the borrowers’ underlying collateral, value of the underlying collateral, and priority of the lender’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the control of the Company. The Company is therefore subject to risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for loan and lease losses are provided for all known and inherent risks. Collateral and/or personal guarantees are required for virtually all loans. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. Loans modified in troubled debt restructurings totaled $99.2 million at June 30, 2016, of which $1.4 million were on nonaccrual status and $97.8 million were performing troubled debt restructurings. At December 31, 2015, loans modified in troubled debt restructurings totaled $86.6 million, of which $0.7 million were on nonaccrual status and $85.9 million were performing troubled debt restructurings. The Company has allocated $7.8 and $4.5 million in specific allocations with respect to loans whose loan terms had been modified in troubled debt restructurings as of June 30, 2016 and December 31, 2015, respectively. Performing TDRs as of June 30, 2016 increased the allowance for loan and lease losses by $1.5 and $3.3 million during the three and six months ended June 30, 2016, respectively. Performing TDRs as of December 31, 2015 did not increase the allowance for loan and lease losses during the year ended December 31, 2015. The $7.8 million in specific allocations referenced above were associated with taxi medallion lending and were calculated based on the present value of estimated cash flows, including contractual debt interest service through maturity, and principal repayments based on the estimated fair value of the collateral excluding any consideration for personal guarantees of borrowers, which provide an additional source of repayment but cannot be relied upon. The valuation per corporate medallion used for the calculation at June 30, 2016 was approximately $750,000. An additional $3.3 million specific allocation was required at June 30, 2016 due to a decline in the Company’s estimated valuation of taxi medallions since December 31, 2015, when the specific allocation was $4.5 million. The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2016 (dollars in thousands): Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment Troubled debt restructurings: Commercial 12 $ 12,018 $ 12,018 Commercial real estate 1 575 575 Commercial construction - - - Residential real estate - - - Consumer - - - Total 13 $ 12,593 $ 12,593 Included in the above troubled debt restructurings were eight loans secured by 15 New York City taxi medallions totaling $10.1 million. These loan modifications included interest rate reductions and maturity extensions. All eight loans were accruing prior to modification, while seven remained in accrual status post-modification. The troubled debt restructurings described above increased the allowance for loan and leases losses by $108 thousand during the six months ended June 30, 2016. There were no charge-offs in connection with a loan modification at the time of modification during the six months ended June 30, 2016. There were no troubled debt restructurings for which there was a payment default within twelve months following the modification during the six months ended June 30, 2016. The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2015 (dollars in thousands): Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment Troubled debt restructurings: Commercial 47 $ 75,375 $ 75,375 Commercial real estate - - - Commercial construction - - - Residential real estate - - - Consumer - - - Total 47 $ 75,375 $ 75,375 The troubled debt restructurings included in the table above were loans secured by New York City taxi medallions that were modified during the second quarter of 2015. The modifications consisted of a deferral of principal amortization from approximately 25-30 year amortization to interest-only. There was no extension of the loans’ contractual maturity dates, there was no forgiveness of principal, and the interest rates on these loans were increased from approximately 3%-3.25% to 3.75%. These loans were accruing prior to modification and remained in accrual status post-modification. The troubled debt restructurings above did not increase the allowance for loan loss during the six months ended June 30, 2015. There were no charge-offs in connection with a loan modification at the time of modification during the six months ended June 30, 2015. There were no troubled debt restructurings for which there was a payment default within twelve months following the modification during the six months ended June 30, 2015.

Fair Value Measurements and Fai

Fair Value Measurements and Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements and Fair Value of Financial Instruments	Note 7 - Fair Value Measurements and Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: FASB ASC 820-10-05 defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurements and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. FASB ASC 820-10-65 provides additional guidance for estimating fair value in accordance with FASB ASC 820-10-05 when the volume and level of activity for the asset or liability have significantly decreased. This ASC also includes guidance on identifying circumstances that indicate a transaction is not orderly. FASB ASC 820-10-05 establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC 820-10-05 are as follows: Level 1: Level 2: Level 3: An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015: Securities Available-for-Sale Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of instruments, which would generally be classified within Level 2 of the valuation hierarchy include municipal bonds and certain agency collateralized mortgage obligations. In certain cases where there is limited activity in the market for a particular instrument, assumptions must be made to determine the fair value of the instruments and these are classified as Level 3. When measuring fair value, the valuation techniques available under the market approach, income approach and/or cost approach are used. The Company’s evaluations are based on market data and the Company employs combinations of these approaches for its valuation methods depending on the asset class. Derivatives The fair value of derivatives are based on valuation models using observable market data as of the measurement date (level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Loans Held for Sale Loans held for sale are required to be measured at the lower of cost or fair value. Under FASB ASC 820-10-05, market value is to represent fair value. Management obtains quotes or bids on all or part of these loans directly from the purchasing financial institutions. Loans Receivable The fair value of performing loans, except residential mortgages, is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risks inherent in the loan. The estimate of maturity is based on the historical experience of the Bank with prepayments for each loan classification, modified as required by an estimate of the effect of current economic and lending conditions. For performing residential mortgage loans, fair value is estimated by discounting contractual cash flows adjusted for prepayment estimates using discount rates based on secondary market sources adjusted to reflect differences in servicing and credit costs. Off-Balance Sheet Financial Instruments The fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed rate loan commitments, fair value also considers the difference between current levels of interest rate and the committed rates. The fair value of financial standby letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties. Assets and Liabilities Measured at Fair Value on a Recurring Basis For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2016 and December 31, 2015 are as follows: June 30, 2016 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) (in thousands) Recurring fair value measurements: Assets Investment securities: Available-for-sale: Federal agency obligations $ 30,403 $ - $ 30,403 $ - Residential mortgage pass- through securities 47,030 - 47,030 - Commercial mortgage pass- through securities 3,074 - 3,074 - Obligations of U.S. states and political subdivision 38,421 - 38,421 - Trust preferred securities 16,327 - 16,327 - Corporate bonds and notes 34,919 - 34,919 - Asset-backed securities 16,712 - 16,712 - Certificates of deposit 1,217 - 1,217 - Equity securities 381 381 - - Other securities 19,782 19,782 - - Total available-for-sale $ 208,266 $ 20,163 $ 188,103 $ - Loans held-for-sale 360 - 360 - Total assets $ 208,586 $ 20,163 $ 188,463 - Liabilities Derivatives $ 1,856 $ - $ 1,856 $ - Total liabilities $ 1,856 $ - $ 1,856 $ - There were no transfers between Level 1, Level 2 and Level 3 during the three months ended June 30, 2016. December 31, 2015 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) (in thousands) Recurring fair value measurements: Assets Investment securities: Available-for-sale: Federal agency obligations $ 29,146 $ - $ 29,146 $ - Residential mortgage pass- through securities 44,910 - 44,910 - Commercial mortgage pass- through securities 2,972 - 2,972 - Obligations of U.S. states and political subdivision 8,357 - 8,357 - Trust preferred securities 16,255 - 16,255 - Corporate bonds and notes 53,976 - 53,976 - Asset-backed securities 19,725 - 19,725 - Certificates of deposit 1,905 - 1,905 - Equity securities 374 374 - - Other securities 18,150 18,150 - - Total available-for-sale $ 195,770 $ 18,524 $ 177,246 $ - Liabilities Derivatives $ 131 $ - $ 131 $ - Total liabilities $ 131 $ - $ 131 $ - There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2015. Assets Measured at Fair Value on a Non-Recurring Basis The Company may be required periodically to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or fair value accounting or impairment write-downs of individual assets. The Company primarily utilized appraisal value less cost to sell and other unobservable market inputs to determine fair value of assets, and therefore, these valuations are classified as a Level 3 measurement. For assets measured at fair value on a non-recurring basis, the fair value measurements at June 30, 2016 and December 31, 2015 are as follows: Impaired loans Valuation Techniques Range of Unobservable Inputs Commercial Appraisals of collateral value Adjustment for age of comparable sales, generally a decline of 0% to 15%. Adjustment for age of lease payments. Market capitalization rates between 4% and 8% Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Assets measured at fair value on a nonrecurring basis: June 30, 2016 (Level 1) (Level 2) (Level 3) Impaired loans (in thousands) Commercial $ 3,626 $ - $ - $ 3,626 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs Assets measured at fair value on a nonrecurring basis: 2015 (Level 1) (Level 2) (Level 3) Impaired loans (in thousands) Commercial $ 3,751 $ - $ - $ 3,751 The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a non-recurring basis at June 30, 2016 and December 31, 2015. Impaired loans Fair Value of Financial Instruments FASB ASC 825-10 requires all entities to disclose the estimated fair value of their financial instrument assets and liabilities. For the Company, as for most financial institutions, the majority of its assets and liabilities are considered financial instruments as defined in FASB ASC 825-10. Many of the Company’s financial instruments, however, lack an available trading market as characterized by a willing buyer and willing seller engaging in an exchange transaction. It is also the Company’s general practice and intent to hold its financial instruments to maturity and not to engage in trading or sales activities except for loans held-for-sale and investment securities available-for-sale. Therefore, significant estimations and assumptions, as well as present value calculations, were used by the Company for the purposes of this disclosure. Cash and cash equivalents. FHLB stock. Investment Securities Held-to-Maturity. Loans. Interest-Bearing Deposits Term Borrowings and Subordinated Debentures Accrued Interest Receivable/Payable. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2016 and December 31, 2015. Fair Value Measurements Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Fair Assets Inputs Inputs Amount Value (Level 1) (Level 2) (Level 3) (in thousands) June 30, 2016 Financial assets Cash and due from banks $ 175,113 $ 175,113 $ 175,113 $ - $ - Investment securities available-for-sale 208,266 208,266 18,524 177,246 - Investment securities held-to-maturity 214,718 227,427 30,947 178,030 18,450 Restricted investment in bank stocks 25,210 n/a n/a n/a n/a Net loans 3,342,857 3,365,251 - - 3,365,251 Loans held-for-sale 360 360 - 360 - Accrued interest receivable 12,726 12,726 141 2,485 10,100 Financial liabilities Noninterest-bearing deposits 648,664 648,664 648,664 - - Interest-bearing deposits 2,552,329 2,545,465 - 2,545,465 - Borrowings 496,414 502,496 - 502,496 - Subordinated debentures, net 54,441 53,367 - 53,367 - Derivatives 1,856 1,856 - 1,856 - Accrued interest payable $ 4,617 $ 4,617 $ - $ 4,617 $ - December 31, 2015 Financial assets Cash and due from banks $ 200,895 $ 200,895 $ 200,895 $ - $ - Investment securities available-for-sale 195,770 195,770 18,524 177,246 - Investment securities held-to-maturity 224,056 230,558 29,226 182,774 18,558 Restricted investment in bank stocks 32,612 n/a n/a n/a n/a Net loans 3,072,435 3,059,343 - - 3,059,343 Accrued interest receivable 12,545 12,545 68 2,699 9,778 Financial liabilities Noninterest-bearing deposits 650,775 650,775 650,775 - - Interest-bearing deposits 2,140,191 2,137,149 - 2,137,149 - Borrowings 671,587 674,131 - 674,131 - Subordinated debentures, net 54,343 55,209 - 55,209 - Derivatives 131 131 - 131 - Accrued interest payable $ 4,387 $ 4,387 $ - $ 4,387 $ - The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values. The Company’s remaining assets and liabilities, which are not considered financial instruments, have not been valued differently than has been customary with historical cost accounting. No disclosure of the relationship value of the Company’s core deposit base is required by FASB ASC 825-10. Fair value estimates are based on existing balance sheet financial instruments, without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. For example, there are certain significant assets and liabilities that are not considered financial assets or liabilities, deferred taxes, premises and equipment, and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. Management believes that reasonable comparability between financial institutions may not be likely, due to the wide range of permitted valuation techniques and numerous estimates which must be made, given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies also introduces a greater degree of subjectivity to these estimated fair values.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Accumulated Other Comprehensive Loss	Note 8. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss (net of tax) at June 30, 2016 and December 31, 2015 consisted of the following: June 30, December 31, 2016 2015 (in thousands) Net unrealized gain on investment securities available-for-sale $ 1,905 $ 713 Cash flow hedge (1,098 ) (77 ) Unamortized component of securities transferred from available-for-sale to held-to-maturity (1,116 ) (1,173 ) Defined benefit pension and post-retirement plans (4,012 ) (4,072 ) Total accumulated other comprehensive loss $ (4,321 ) $ (4,609 )

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Note 9. Stock-Based Compensation The Company maintains three stock-based compensation plans from which new grants could be issued. The Company’s stock-based compensation plans permit Parent Corporation common stock to be issued to key employees and directors of the Company and its subsidiaries. Grants under the existing plans can be in the form of stock options (qualified or non-qualified), restricted shares, or performance units. Shares available for grant and issuance under the existing plans as of June 30, 2016 are 68,516 under the 2009 Equity Incentive Plan and 234,090 shares under the North Jersey Community Bancorp Equity Compensation Plan. The Company intends to issue all shares under these plans in the form of newly issued shares. Restricted stock and option awards typically have a three-year vesting period starting one year after the date of grant with one-third vesting each year. The options generally expire ten years from the date of grant. Restricted stock awards granted to new employees and board members may be granted with shorter vesting periods. Grants of performance units typically have a cliff vesting after 3 years. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the awards vesting. Restricted shares have the same dividend and voting rights as common stock while options and performance units do not. All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. No options were granted during the three and six months ended June 30, 2016 or 2015. During the three months ended June 30, 2016 and 2015 a total of 1,000 and 0 restricted shares were awarded, respectively. The compensation expense related to restricted stock awards during the quarter ended June 30, 2016 was $167,000. During 2016 and 2015, the Company granted to various key employees performance unit awards, with each unit entitling the holder to one share of the Company’s common stock contingent upon the Company meeting or exceeding certain return on asset targets over the course of a three-year period commencing on January 1 of the year of issuance. Under the grant agreement, and assuming the Company has met or exceeded the applicable targets, grants of performance unit awards will vest on the third anniversary of the grant date or on an earlier date in the event of a change in control, as defined in the agreements. At June 30, 2016, the specific number of shares related to performance unit awards that were expected to vest was 132,304, determined by actual performance in consideration of the established range of the performance targets, which is consistent with the level of expense currently being recognized over the vesting period. Should this expectation change, additional compensation expense could be recorded in future periods or previously recognized expense could be reversed. The maximum amount of performance unit awards is 181,892 shares. The total amount of compensation cost related to performance unit awards included in salary expense during the quarter ended June 30, 2016 and 2015 was $267,000 and $102,000, respectively. Option activity under the principal option plans as of June 30, 2016 and changes during the six months ended June 30, 2016 were as follows: Weighted- Average Weighted- Remaining Average Contractual Exercise Term Aggregate Shares Price (In Years) Intrinsic Value Outstanding at December 31, 2015 535,906 $ 6.48 Granted - - Exercised (38,735 ) 6.32 Forfeited/cancelled/expired (45,010 ) 10.59 Outstanding at June 30, 2016 452,161 $ 6.09 2.81 $ 4,341,277 Exercisable at June 30, 2016 448,631 $ 6.02 2.77 $ 4,336,158 The aggregate intrinsic value of outstanding and exercisable options above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on June 30, 2016 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on June 30, 2016. This amount changes based on the fair market value of the Parent Corporation’s stock. Information related to stock option exercises during 2016: 2016 Intrinsic value of options exercised $ 398,890 Cash received from options exercised 244,625 Tax benefit realized from options exercised 53,631 Weighted average fair value of options granted n/a The aggregate intrinsic value of exercised options above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the date of exercise and the exercise price, multiplied by the number of in-the-money options) of all options that were exercised during the 6 month period ending June 30, 2016. The tax benefit is calculated on any non-qualified options exercised during the period using a 36% tax rate. The below table represents information regarding restricted shares currently outstanding at June 30, 2016: Weighted- Average Nonvested Grant Date Shares Fair Value Nonvested at December 31, 2015 96,902 $ 16.81 Granted 72,920 15.88 Vested (55,648 ) 16.01 Forfeited/cancelled/expired (1,000 ) 19.58 Nonvested at June 30, 2016 113,174 $ 16.81 As of June 30 2016, there was $1,507,000 of total unrecognized compensation cost related to nonvested restricted shares granted under the plans. The cost is expected to be recognized over a weighted average period of 26.1 months. No shares vested during the quarter ended June 30, 2016. A summary of the status of unearned performance unit awards and the change during the period is presented in the table below: Weighted- Average Grant Date Shares Fair Value Unearned at December 31, 2015 87,038 $ 19.46 Awarded 52,713 17.15 Forfeited (7,447 ) 19.46 Expired - - Unearned at June 30, 2016 132,304 $ 18.60 At June 30, 2016, compensation cost of $1,918,000 related to nonvested awards not yet recognized is expected to be recognized over a weighted-average period of 2.0 years.

Components of Net Periodic Pens

Components of Net Periodic Pension Cost	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Pension Cost	Note 10. Components of Net Periodic Pension Cost The Company maintained a non-contributory defined benefit pension plan for substantially all of its employees until March 31, 2007, at which time the Company froze the plan. The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated. Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (in thousands) Interest cost $ 129 $ 129 $ 257 $ 267 Expected return on plan assets (155 ) (127 ) (291 ) (264 ) Net amortization 102 108 204 216 Recognized settlement loss - 115 - 565 Net periodic pension cost $ 76 $ 225 $ 170 $ 784 Amortization of actuarial loss $ - $ (261 ) $ (101 ) $ (1,003 ) Total recognized in other comprehensive income $ - $ (261 ) $ (101 ) $ (1,003 ) Total recognized in net expense and OCI (before tax) $ 76 $ (36 ) $ 69 $ (219 )

FHLB and other borrowings

FHLB and other borrowings	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
FHLB and other borrowings	Note 11. FHLB and other borrowings The Company’s FHLB and other borrowings and weighted average interest rates are summarized below: June 30, 2016 December 31, 2015 Amount Rate Amount Rate (in thousands) By type of borrowing: FHLB borrowings $ 481,414 1.53 % $ 656,587 1.26 % Repurchase agreements (“REPOs”) 15,000 5.95 15,000 5.95 Total borrowings $ 496,414 1.66 $ 671,587 1.37 By remaining period to maturity: One year or less $ 225,414 0.62 % $ 270,587 0.64 % One to two years 91,000 1.45 171,000 1.56 Two to three years 115,000 1.85 130,000 1.84 Three to four years 25,000 1.85 35,000 1.60 Four to five years 40,000 3.43 65,000 2.82 Total borrowings $ 496,414 1.66 $ 671,587 1.37 The FHLB borrowings are secured by pledges of certain collateral including, but not limited to, U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans. The Company has entered into agreements under which it has sold securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. The obligation to repurchase the securities is reflected as a liability in the Company’s consolidated statement of condition, while the securities underlying the securities sold under agreements to repurchase remain in the respective asset accounts and are delivered to and held as collateral by third party trustees. Three of the FHLB notes ($2,500,000 and $7,500,000 each due April 2, 2018, and $5,000,000 due July 16, 2018) contain a convertible option which allows the FHLB, at quarterly intervals, to convert the fixed convertible advance into replacement funding for the same or lesser principal based on any advance then offered by the FHLB at its current market rate. The Company has the option to repay these advances, if converted, without penalty. The remaining advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rate while the REPOs are variable rate advances. The advances at June 30, 2016 were collateralized by approximately $1.2 billion of commercial mortgage loans, net of required over-collateralization amounts, under a blanket lien arrangement. At June 30, 2016 the Company had remaining borrowing capacity of approximately at FHLB of approximately $731 million.

Securities Sold under Agreement

Securities Sold under Agreements to Repurchase	6 Months Ended
	Jun. 30, 2016
Securities Sold under Agreements to Repurchase [Abstract]
Securities Sold under Agreements to Repurchase	Note 12 – Securities Sold under Agreements to Repurchase Repurchase agreements are secured borrowings. The Company pledges investment securities to secure those borrowings. Information concerning repurchase agreements is summarized as follows for the periods presented: June 30, December 31, June 30, (dollars in thousands) 2016 2015 2015 Average daily balance during the year-to-date $ 15,000 $ 22,890 $ 31,000 Average interest rate during the year-to-date 5.95 % 5.92 % 5.90 % Maximum month-end balance during the year-to-date $ 15,000 $ 31,000 $ 31,000 % Weighted average interest rate during the year-to-date 5.95 % 5.92 % 5.90 % The table below shows the remaining contractual maturity of agreement by fair value of collateral pledged: June 30, 2016 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 Greater Than (dollars in thousands) Continuous Days 30-90 Days 90 Days Total Repurchase agreements and Repurchase-to-maturity transactions U.S. Treasury and agency securities $ - $ - $ - $ 5,158 $ 5,158 Residential mortgage pass-through securities - - - 14,180 14,180 Total Borrowings $ - $ - $ - $ 19,338 $ 19,338 Amounts related to agreements not included in offsetting disclosure in Note 14: $ 4,338 December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 Greater Than (dollars in thousands) Continuous Days 30-90 Days 90 Days Total Repurchase agreements and Repurchase-to-maturity transactions U.S. Treasury and agency securities $ - $ - $ - $ 6,313 $ 6,313 Residential mortgage pass-through securities - - - 12,589 12,589 Total Borrowings $ - $ - $ - $ 18,902 $ 18,902 Amounts related to agreements not included in offsetting disclosure in Note 14 $ 3,902 The fair value of securities pledged to secure repurchase agreements may decline. By contractual agreement, the fair value of securities pledged to secure repurchase agreements must meet or exceed the gross outstanding balance by 8%, or be subject to margin calls. Securities sold under agreements to repurchase are secured by securities with a carrying amount of $19.3 million and $18.8 million at June 30, 2016 and December 31, 2015.

Subordinated Debentures

Subordinated Debentures	6 Months Ended
	Jun. 30, 2016
Subordinated Borrowings [Abstract]
Subordinated Debentures	Note 13 - Subordinated Debentures During 2003, the Company formed a statutory business trust, which exists for the exclusive purpose of (i) issuing Trust Securities representing undivided beneficial interests in the assets of the Trust; (ii) investing the gross proceeds of the Trust securities in junior subordinated deferrable interest debentures (subordinated debentures) of the Company; and (iii) engaging in only those activities necessary or incidental thereto. On December 19, 2003, Center Bancorp Statutory Trust II, a statutory business trust and wholly-owned subsidiary of the Parent Corporation issued $5.0 million of MMCapS capital securities to investors due on January 23, 2034. The capital securities presently qualify as Tier I capital. The trust loaned the proceeds of this offering to the Company and received in exchange $5.2 million of the Parent Corporation’s subordinated debentures. The subordinated debentures are redeemable in whole or in part prior to maturity. The floating interest rate on the subordinate debentures is three-month LIBOR plus 2.85% and reprices quarterly. The rate at June 30, 2016 was 3.49%. These subordinated debentures and the related income effects are not eliminated in the consolidated financial statements as the statutory business trust is not consolidated in accordance with FASB ASC 810-10. Distributions on the subordinated debentures owned by the subsidiary trust have been classified as interest expense in the Consolidated Statements of Income. The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II at June 30, 2016 and December 31, 2015. Securities Redeemable by Issuance Date Issued Liquidation Value Coupon Rate Maturity Issuer Beginning 12/19/2003 $ 5,000,000 $1,000 per Capital Floating 3-month 01/23/2034 01/23/2009 Security LIBOR + 285 Basis Points During June 2015, the Parent Corporation issued $50 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”). The Notes are non-callable for five years, have a stated maturity of July 1, 2025, and bear interest at a fixed rate of 5.75% per year, from and including June 30, 2015 to, but excluding July 1, 2020. From and including July 1, 2020 to the maturity date or early redemption date, the interest rate will reset quarterly to a level equal to the then current three-month LIBOR rate plus 393 basis points. As of June 30, 2016, unamortized costs related to the debt issuance were $714,000. In connection with the issuance of the Notes, the Parent Corporation obtained ratings from Kroll Bond Rating Agency (“KBRA”). KBRA assigned investment grade ratings of BBB- for the Company’s subordinated debt and a senior deposit rating of BBB+ for the Bank.

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	6 Months Ended
	Jun. 30, 2016
Offsetting [Abstract]
Offsetting Assets and Liabilities	Note 14 – Offsetting Assets and Liabilities Certain financial instrument-related assets and liabilities may be eligible for offset on the consolidated statements of condition because they are subject to master netting agreements or similar agreements. However, the Company does not elect to offset such arrangements on the consolidated financial statements. The Company enters into interest rate swap agreements with financial institution counterparties. For additional detail regarding interest rate swap agreements refer to Note 5. In the event of default on, or termination of, any one contract, both parties have the right to net settle multiple contracts. Also, certain interest rate swap agreements may require the Company to receive or pledge cash or financial instrument collateral based on the contract provisions. The Company also entered into an agreement to sell securities subject to an obligation to repurchase the same or similar securities, referred to as a repurchase agreement. Under this agreement, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. The obligation to repurchase the securities is reflected as a liability in the Company’s consolidated statement of condition, while the securities underlying the repurchase agreements remain in the respective investment securities account, therefore there is no offsetting or netting of the investment securities assets with the repurchase agreement liability. The following table presents information about financial instruments that are eligible for offset as of June 30, 2016 and December 31, 2015: Gross Amounts Not Offset Gross Amounts Net Amounts of Cash or Offset in the Assets Presented in Financial Financial Gross Amounts Statement of the Statement of Instruments Instrument Net Recognized Financial Position Financial Position Recognized Collateral Amount (in thousands) June 30, 2016 Assets: Interest rate swaps $ - $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ 1,856 $ - $ 1,856 $ - $ 1,856 $ - Repurchase agreements 15,000 - 15,000 - 15,000 - Total $ 16,856 $ - $ 16,856 $ - $ 16,856 $ - December 31, 2015 Assets: Interest rate swaps $ 48 $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ 131 $ - $ 131 $ - $ 131 $ - Repurchase agreements 15,000 - 15,000 - 15,000 - Total $ 15,131 $ - $ 15,131 $ - $ 15,131 $ -

Presentation of Debt Issuance C

Presentation of Debt Issuance Costs	6 Months Ended
	Jun. 30, 2016
Presentation Of Debt Issuance Costs
Presentation of Debt Issuance Costs	Note 15 – Presentation of Debt Issuance Costs As of January 1, 2016, the Company adopted Accounting Standards Update (“ASU”) No. 2015-03 “Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs be presented in the consolidated statement of condition as a direct deduction from the carrying amount of debt liability. This ASU is required to be applied retrospectively to all periods presented. The following table summarizes the impact of retrospective application to the consolidated statement of condition for the year ended December 31, 2015: December 31, (dollars in thousands) 2015 Other assets As previously reported $ 24,908 As reported under the new guidance 24,096 Total assets As previously reported $ 4,016,721 As reported under the new guidance 4,015,909 Subordinated debentures As previously reported $ 55,155 As reported under the new guidance 54,343 Total liabilities As previously reported $ 3,539,377 As reported under the new guidance 3,538,565

New Authoritative Accounting 24

New Authoritative Accounting Guidance (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
New Authoritative Accounting Guidance	ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” “Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date” ASU No. 2014-12, “ Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period ASU No. 2015-03, " Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs ASU No. 2015-12, “ Plan Accounting: Defined Benefit Pension Plans (Topic 960): Defined Contribution Pension Plans ASU No. 2015-15, “Interest – Imputation of Interest (Subtopic 835-30) – Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting." ASU No. 2015-16, “Business Combinations (Topic 805) - Simplifying the Accounting for Measurement-Period Adjustments.” ASU No. 2016-1, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU No. 2016-02, “ Leases (Topic 842) ASU 2016-09, “ Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ASU No. 2016-10, “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” “Revenue from Contracts with Customers” “Revenue from Contracts with Customers (Topic 606),” ASU No. 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients ASU No. 2016-13, “ Financial Instruments – Credit Losses (Topic 326)”: Assets Measured at Amortized Cost.” ASU 2016-

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per common share have been computed as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share amounts) 2016 2015 2016 2015 Net income $ 10,859 $ 10,521 $ 21,250 $ 20,901 Preferred stock dividends - (28 ) (22 ) (56 ) Net income available to common stockholders $ 10,859 $ 10,493 $ 21,228 $ 20,845 Basic weighted average common shares outstanding 30,090 29,868 30,071 29,813 Effect of dilutive options 250 363 260 391 Diluted weighted average common shares outstanding 30,340 30,231 30,331 30,204 Earnings per common share: Basic $ 0.36 $ 0.35 $ 0.71 $ 0.70 Diluted 0.36 0.35 0.70 0.69

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Unrealized Gain (Loss) on Investments [Table Text Block]	The following tables present information related to the Company’s investment securities at June 30, 2016 and December 31, 2015 (dollars in thousands): Gross Gross Amortized Unrealized Unrealized Fair June 30, 2016 Cost Gains Losses Value Investment securities available-for-sale Federal agency obligations $ 29,785 $ 628 $ (10 ) $ 30,403 Residential mortgage pass-through securities 45,718 1,326 (14 ) 47,030 Commercial mortgage pass-through securities 2,949 125 - 3,074 Obligations of U.S. states and political subdivisions 38,085 336 - 38,421 Trust preferred securities 16,089 506 (268 ) 16,327 Corporate bonds and notes 34,098 1,003 (182 ) 34,919 Asset-backed securities 17,124 - (412 ) 16,712 Certificates of deposit 1,196 21 - 1,217 Equity securities 376 16 (11 ) 381 Other securities 19,724 123 (65 ) 19,782 Total securities available-for-sale $ 205,144 $ 4,084 $ (962 ) $ 208,266 Investment securities held-to-maturity U.S. Treasury and agency securities $ 28,574 $ 2,373 $ - $ 30,947 Federal agency obligations 29,459 825 - 30,284 Residential mortgage-backed securities 3,147 30 (12 ) 3,165 Commercial mortgage-backed securities 1,301 44 - 1,345 Obligations of U.S. states and political divisions 115,154 7,661 - 122,815 Corporate bonds and notes 37,083 1,795 (7 ) 38,871 Total securities held-to-maturity $ 214,718 $ 12,728 $ (19 ) $ 227,427 Total investment securities $ 419,862 $ 16,812 $ (981 ) $ 435,693 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2015 Cost Gains Losses Value Investment securities available-for-sale Federal agency obligations $ 29,062 $ 142 $ (58 ) $ 29,146 Residential mortgage pass-through securities 44,155 803 (48 ) 44,910 Commercial mortgage pass-through securities 2,981 - (9 ) 2,972 Obligations of U.S. states and political subdivisions 8,188 169 - 8,357 Trust preferred securities 16,088 398 (231 ) 16,255 Corporate bonds and notes 53,566 702 (292 ) 53,976 Asset-backed securities 20,005 18 (298 ) 19,725 Certificates of deposit 1,895 18 (8 ) 1,905 Equity securities 376 21 (23 ) 374 Other securities 18,303 - (153 ) 18,150 Total securities available-for-sale $ 194,619 $ 2,271 $ (1,120 ) $ 195,770 Investment securities held-to-maturity U.S. Treasury and agency securities $ 28,471 $ 755 $ - $ 29,226 Federal agency obligations 33,616 280 (119 ) 33,777 Residential mortgage-backed securities 3,805 11 (6 ) 3,810 Commercial mortgage-backed securities 4,110 27 (2 ) 4,135 Obligations of U.S. states and political divisions 118,015 5,001 (3 ) 123,013 Corporate bonds and notes 36,039 719 (161 ) 36,597 Total securities held-to-maturity $ 224,056 $ 6,793 $ (291 ) $ 230,558 Total investment securities $ 418,675 $ 9,064 $ (1,411 ) $ 426,328
Investments Classified by Contractual Maturity Date [Table Text Block]	The following table presents information for investment securities at June 30, 2016, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. June 30, 2016 Amortized Fair Cost Value (in thousands) Investment securities available-for-sale Due in one year or less $ 2,770 $ 2,792 Due after one year through five years 18,536 19,095 Due after five years through ten years 37,235 37,547 Due after ten years 77,836 78,565 Residential mortgage pass-through securities 45,718 47,030 Commercial mortgage pass-through securities 2,949 3,074 Equity securities 376 381 Other securities 19,724 19,782 Total $ 205,144 $ 208,266 Investment securities held-to-maturity Due in one year or less $ 6,007 $ 6,037 Due after one year through five years 10,238 10,573 Due after five years through ten years 84,718 90,673 Due after ten years 109,307 115,634 Residential mortgage-backed securities 3,147 3,165 Commercial mortgage-backed securities 1,301 1,345 Total $ 214,718 $ 227,427 Total investment securities $ 419,862 $ 435,693
Schedule of Realized Gain (Loss) [Table Text Block]	Gross gains and losses from the sales, calls and maturities of investment securities for the three-month and six-month periods ended June 30, 2016 and 2015 were as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Proceeds $ 6,573 $ 2,734 $ 6,573 $ 12,271 Gross gains on sales of investment securities 103 221 103 726 Gross losses on sales of investment securities - - - - Net gains on sales of investment securities 103 221 103 726 Less: tax provision on net gains 42 90 42 297 Total $ 61 $ 131 $ 61 $ 429
Schedule of Unrealized Loss on Investments [Table Text Block]	The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at June 30, 2016 and December 31, 2015: June 30, 2016 Total Less than 12 Months 12 Months or Longer Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (in thousands) Investment securities available-for-sale Federal agency obligation $ 3,140 $ (10 ) $ 2,824 $ (9 ) $ 316 $ (1 ) Residential mortgage pass-through securities 2,090 (14 ) 1,681 (8 ) 409 (6 ) Trust preferred securities 1,309 (268 ) - - 1,309 (268 ) Corporate bonds and notes 11,145 (182 ) 7,290 (72 ) 3,855 (110 ) Asset-backed securities 16,513 (412 ) 6,988 (177 ) 9,525 (235 ) Equity securities 123 (11 ) - - 123 (11 ) Other securities 5,435 (65 ) - - 5,435 (65 ) Total $ 39,755 $ (962 ) $ 18,783 $ (266 ) $ 20,972 $ (696 ) Investment securities held-to-maturity Residential mortgage pass-through securities 1,751 (12 ) 1,751 (12 ) - - Corporate bonds and notes 2,765 (7 ) - - 2,765 (7 ) Total $ 4,516 $ (19 ) $ 1,751 $ (12 ) $ 2,765 $ (7 ) Total temporarily impaired securities $ 44.271 $ (981 ) $ 20,534 $ (278 ) $ 23,737 $ (703 ) December 31, 2015 Total Less than 12 Months 12 Months or Longer Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (dollars in thousands) Investment Securities Available-for-Sale: Federal agency obligation $ 12,260 $ (58 ) $ 12,013 $ (54 ) $ 247 $ (4 ) Residential mortgage pass-through securities 9,027 (48 ) 9,027 (48 ) - - Commercial mortgage-backed securities 2,971 (9 ) 2,971 (9 ) - - Trust preferred securities 1,345 (231 ) - - 1,345 (231 ) Corporate bonds and notes 16,533 (292 ) 12,702 (161 ) 3,831 (131 ) Asset-backed securities 14,745 (298 ) 11,250 (188 ) 3,495 (110 ) Certificates of deposit 215 (8 ) 215 (8 ) - - Equity securities 123 (23 ) - - 123 (23 ) Other securities 5,347 (153 ) - - 5,347 (153 ) Total $ 62,566 $ (1,120 ) $ 48,178 $ (468 ) $ 14,388 $ (652 ) Investment Securities Held-to-Maturity: Federal agency obligation 12,554 (119 ) 11,783 (109 ) 771 (10 ) Residential mortgage pass-through securities 2,480 (6 ) 2,480 (6 ) - - Commercial mortgage-backed securities 1,331 (2 ) 1,331 (2 ) - - Obligations of U.S. states and political subdivisions 981 (3 ) 981 (3 ) - - Corporate bonds and notes 5,536 (161 ) 5,536 (161 ) - - Total $ 22,882 $ (291 ) $ 22,111 $ (281 ) $ 771 $ (10 ) Total Temporarily Impaired Securities $ 85,448 $ (1,411 ) $ 70,289 $ (749 ) $ 15,159 $ (662 )

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives [Table Text Block]	Summary information about the interest rate swaps designated as cash flow hedges as of June 30, 2016, December 31, 2015 and June 30, 2015 are presented in the following table. June 30, December 31, June 30, (dollars in thousands) 2016 2015 2015 Notional amount $ 75,000 $ 75,000 $ 50,000 Weighted average pay rates 1.58 % 1.56 % 1.58 % Weighted average receive rates 0.65 % 0.44 % 0.26 % Weighted average maturity 3.3 years 3.8 years 3.9 years Fair value $ (1,856 ) $ (131 ) $ (250 )
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents the net gains (losses), recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods: Six Months Ended June 30, 2016 Amount of loss Amount of loss Amount of loss recognized reclassified recognized in other in OCI (Effective from OCI to Non-interest income (in thousands) Portion) interest income (Ineffective Portion) Interest rate contracts $ (1,725) $ - $ - Six Months Ended June 30, 2015 Amount of loss Amount of loss Amount of loss recognized reclassified recognized in other in OCI (Effective from OCI to Non-interest income (in thousands) Portion) interest income (Ineffective Portion) Interest rate contracts $ (298) $ - $ -
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	The following table reflects the cash flow hedges included in the consolidated statements of condition as of June 30, 2016 and December 31, 2015: 2016 2015 Notional Notional (in thousands) Amount Fair Value Amount Fair Value Included in other assets/(liabilities): Interest rate swaps related to FHLB Advances $ 75,000 $ (1,856 ) $ 75,000 $ (131 )

Loans and the Allowance for L28

Loans and the Allowance for Loan and Lease Losses (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The following table sets forth the composition of the Company’s loan portfolio, including net deferred loan fees, at June 30, 2016 and December 31, 2015: December 31, June 30, 2016 2015 (in thousands) Commercial $ 630,425 $ 570,116 Commercial real estate 2,071,769 1,966,696 Commercial construction 443,277 328,838 Residential real estate 230,497 233,690 Consumer 1,976 2,454 Gross loans 3,377,944 3,101,794 Net deferred loan fees (2,324 ) (2,787 ) Total loans receivable $ 3,375,620 $ 3,099,007
Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block]	The carrying amount of those loans is as follows at June 30, 2016 and December 31, 2015. June 30, December 31, 2016 2015 (in thousands) Commercial $ 7,028 $ 7,078 Commercial real estate 1,030 1,775 Residential real estate - 328 Total carrying amount $ 8,058 $ 9,181
Loans and Leases Receivable Purchased Loans [Table Text Block]	The accretable yield, or income expected to be collected, on the purchased loans disclosed above for the three and six months ended June 30, 2016 is as follows (in thousands): Three Months Three Months Ended June Ended June 30, 2016 30, 2015 Beginning balance $ 3,416 $ 4,250 New loans purchased - - Accretion of income (183 ) (237 ) Reclassification from nonaccretable differences - - Disposals - - Ending balance $ 3,233 $ 4,013 Six Months Six Months Ended June Ended June 30, 2016 30, 2015 Beginning balance $ 3,599 $ 4,467 New loans purchased - - Accretion of income (366 ) (454 ) Reclassification from nonaccretable differences - - Disposals - - Ending balance $ 3,233 $ 4,013
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	The following table presents information about the recorded investment in loan receivables on nonaccrual status by segment at June 30, 2016 and December 31, 2015: Loans Receivable on Nonaccrual Status June 30, December 31, 2016 2015 (in thousands) Commercial $ 9,480 $ 6,586 Commercial real estate 9,478 9,112 Commercial construction - 1,479 Residential real estate 2,953 3,559 Total loans receivable on nonaccrual status $ 21,911 $ 20,736
Financing Receivable Credit Quality Indicators [Table Text Block]	The following table presents information, excluding net deferred loan fees, about the Company’s loan credit quality at June 30, 2016 and December 31, 2015: June 30, 2016 Special Pass Mention Substandard Doubtful Total (in thousands) Commercial $ 517,271 $ 7,812 $ 105,342 $ - $ 630,425 Commercial real estate 2,015,082 27,230 29,457 - 2,071,769 Commercial construction 443,277 - - - 443,277 Residential real estate 227,173 - 3,324 - 230,497 Consumer 1,900 - 76 - 1,976 Total loans $ 3,204,703 $ 35,042 $ 138,199 $ - $ 3,377,944 December 31, 2015 Special Pass Mention Substandard Doubtful Total (in thousands) Commercial $ 462,358 $ 11,760 $ 95,998 $ - $ 570,116 Commercial real estate 1,919,041 18,990 28,426 239 1,966,696 Commercial construction 326,697 662 1,479 - 328,838 Residential real estate 229,426 - 4,264 - 233,690 Consumer 2,368 - 86 - 2,454 Total loans $ 2,939,890 $ 31,412 $ 130,253 $ 239 $ 3,101,794
Impaired Financing Receivables [Table Text Block]	The following table provides an analysis of the impaired loans, by loan segment, at June 30, 2016 and December 31, 2015: June 30, 2016 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (in thousands) Commercial $ 2,313 $ 2,692 Commercial real estate 16,233 16,200 Commercial construction 1,053 1,049 Residential real estate 3,324 3,730 Consumer 76 76 Total $ 22,999 $ 23,747 With an allowance recorded Commercial $ 96,901 $ 96,664 $ 9,576 Commercial real estate 153 153 98 Total $ 97,504 $ 96,817 $ 9,674 Total Commercial $ 99,214 $ 99,356 $ 9,576 Commercial real estate 16,386 16,353 98 Commercial construction 1,053 1,049 - Residential real estate 3,324 3,730 - Consumer 76 76 - Total $ 120,053 $ 120,564 $ 9,674 December 31, 2015 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (in thousands) Commercial $ 610 $ 645 Commercial real estate 15,517 16,512 Commercial construction 2,149 2,141 Residential real estate 3,954 4,329 Consumer 87 86 Total $ 22,317 $ 23,713 With an allowance recorded Commercial $ 84,787 $ 84,449 $ 6,725 Total Commercial $ 85,397 $ 85,094 $ 6,725 Commercial real estate 15,517 16,512 - Commercial construction 2,149 2,141 - Residential real estate 3,954 4,329 - Consumer 87 86 - Total $ 107,104 $ 108,162 $ 6,725
Schedule of Average Balance and Interest Income Recognized on Impaired Loans [Table Text Block]	The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by segment as of and for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized Investment Recognized Impaired loans with no related allowance recorded: Commercial $ 2,370 $ 20 $ 76,744 $ 484 $ 2,337 $ 20 $ 37,855 $ 484 Commercial real estate 16,072 27 3,898 13 15,623 53 3,935 32 Commercial construction 1,426 16 - - 1,911 33 - - Residential real estate 3,947 5 3,481 2 4,021 10 3,512 4 Consumer 79 1 102 2 82 2 105 2 Total $ 23,894 $ 69 $ 84,225 $ 501 $ 23,974 $ 118 $ 45,407 $ 522 Impaired loans with an allowance recorded: Commercial $ 93,260 $ 784 $ 1,559 $ - $ 88,691 $ 1,522 $ 1,569 $ - Commercial real estate 153 - 4,298 - 153 - 4,268 - Total $ 93,413 $ 784 $ 5,857 $ - $ 88,844 $ 1,522 $ 5,837 $ - Total impaired loans: Commercial $ 95,630 $ 804 $ 78,303 $ 484 $ 91,028 $ 1,542 $ 39,424 $ 484 Commercial real estate 16,225 27 8,196 13 15,776 53 8,203 32 Commercial construction 1,426 16 - - 1,911 33 - - Residential mortgage 3,947 5 3,481 2 4,021 10 3,512 4 Consumer 79 1 102 2 82 2 105 2 Total $ 117,307 $ 853 $ 90,082 $ 501 $ 112,818 $ 1,640 $ 51,244 $ 522
Past Due Financing Receivables [Table Text Block]	The following table provides an analysis of the aging of gross loans that are past due at June 30, 2016 and December 31, 2015 by segment: Aging Analysis June 30, 2016 Loans Receivable 90 90 Days or Days or Greater 30-59 Days 60-89 Days Greater Past Total Past Total Loans Past Due and Past Due Past Due Due Due Current Receivable Accruing (in thousands) Commercial $ 375 $ 1,726 $ 8,677 $ 10,778 $ 619,647 $ 630,425 $ - Commercial real estate 150 1,729 9,327 11,206 2,060,563 2,071,769 - Commercial construction - - - - 443,277 443,277 - Residential real estate 609 802 2,100 3,511 226,986 230,497 - Consumer 8 - - 8 1,968 1,976 Total $ 1,142 $ 4,257 $ 20,104 $ 25,503 $ 3,352,441 $ 3,377,944 $ - December 31, 2015 Loans Receivable 90 90 Days or Days or Greater 30-59 Days 60-89 Days Greater Past Total Past Total Loans Past Due and Past Due Past Due Due Due Current Receivable Accruing (in thousands) Commercial $ 6,887 $ 3,505 $ 6,865 $ 17,257 $ 552,859 $ 570,116 $ - Commercial real estate 1,998 988 9,561 12,547 1,954,149 1,966,696 - Commercial construction - - 1,479 1,479 327,359 328,838 - Residential real estate - - 2,122 2,122 231,568 233,690 - Consumer 4 9 - 13 2,441 2,454 - Total $ 8,889 $ 4,502 $ 20,027 $ 33,418 $ 3,068,376 $ 3,101,794 $ -
Schedule of Recorded Investment in Financing Receivables [Table Text Block]	The following tables detail, at the period-end presented, the amount of gross loans that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan and lease losses that are allocated to each loan portfolio segment: June 30, 2016 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Allowance for loan and lease losses Individually evaluated for impairment $ 9,674 $ - $ - $ - $ - $ - $ 9,674 Collectively evaluated for impairment 5,874 11,371 4,040 1,091 4 709 23,089 Acquired portfolio - - - - - - - Acquired with deteriorated credit quality - - - - - - - Total $ 15,548 $ 11,371 $ 4,040 $ 1,091 $ 4 $ 709 $ 32,763 Gross loans Individually evaluated for impairment $ 99,214 $ 16,386 $ 1,053 $ 3,324 $ 76 $ - $ 120,053 Collectively evaluated for impairment 464,080 1,406,028 434,402 144,204 1,268 - 2,449,982 Acquired portfolio 60,103 648,325 7,822 82,969 632 - 799,851 Acquired with deteriorated credit quality 7,028 1,030 - - - - 8,058 Total $ 630,425 $ 2,071,769 $ 443,277 $ 230,497 $ 1,976 $ - $ 3,377,944 December 31, 2015 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Allowance for loan and lease losses Individually evaluated for impairment $ 6,725 $ - $ - $ - $ - $ - $ 6,725 Collectively evaluated for impairment 4,224 10,926 3,253 976 4 464 19,847 Acquired portfolio - - - - - - - Acquired with deteriorated credit quality - - - - - - - Total $ 10,949 $ 10,926 $ 3,253 $ 976 $ 4 $ 464 $ 26,572 Gross loans Individually evaluated for impairment $ 85,397 $ 15,517 $ 2,149 $ 3,954 $ 87 $ - $ 107,104 Collectively evaluated for impairment 395,424 1,269,140 315,785 136,633 1,649 - 2,118,631 Acquired portfolio 82,217 680,264 10,904 92,775 718 866,878 Acquired with deteriorated credit quality 7,078 1,775 - 328 - - 9,181 Total $ 570,116 $ 1,966,696 $ 328,838 $ 233,690 $ 2,454 $ - $ 3,101,794
Allowance for Credit Losses on Financing Receivables [Table Text Block]	A summary of the activity in the allowance for loan and lease losses is as follows: Three Months Ended June 30, 2016 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at March 31, 2016 $ 13,097 $ 10,941 $ 3,617 $ 1,074 $ 4 $ 341 $ 29,074 Charge-offs (72 ) - - - (5 ) - (77 ) Recoveries 1 12 - 2 1 - 16 Provision 2,522 418 423 15 4 368 3,750 Balance at June 30, 2016 $ 15,548 $ 11,371 $ 4,040 $ 1,091 $ 4 $ 709 $ 32,763 Three Months Ended June 30, 2015 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at March 31, 2015 $ 3,927 $ 8,846 $ 1,518 $ 981 $ 4 $ 657 $ 15,933 Charge-offs (55 ) (278 ) - - (1 ) - (334 ) Recoveries 3 327 - - 1 - 331 Provision 758 300 427 180 3 (118 ) 1,550 Balance at June 30, 2015 $ 4,633 $ 9,195 $ 1,945 $ 1,161 $ 7 $ 539 $ 17,480 Six Months Ended June 30, 2016 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at December 31, 2015 $ 10,949 $ 10,926 $ 3,253 $ 976 $ 4 $ 464 $ 26,572 Charge-offs (517 ) - - (67 ) (5 ) - (589 ) Recoveries 2 25 - 2 1 - 30 Provision 5,114 420 787 180 4 245 6,750 Balance at June 30, 2016 $ 15,548 $ 11,371 $ 4,040 $ 1,091 $ 4 $ 709 $ 32,763 Six Months Ended June 30, 2015 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (in thousands) Balance at December 31, 2014 $ 3,083 $ 7,799 $ 1,239 $ 1,113 $ 7 $ 919 $ 14,160 Charge-offs (100 ) (282 ) - - (13 ) - (395 ) Recoveries 10 327 - 2 1 - 340 Provision 1,640 1,351 706 46 12 (380 ) 3,375 Balance at June 30, 2015 $ 4,633 $ 9,195 $ 1,945 $ 1,161 $ 7 $ 539 $ 17,480
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]	The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2016 (dollars in thousands): Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment Troubled debt restructurings: Commercial 12 $ 12,018 $ 12,018 Commercial real estate 1 575 575 Commercial construction - - - Residential real estate - - - Consumer - - - Total 13 $ 12,593 $ 12,593 The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2015 (dollars in thousands): Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment Troubled debt restructurings: Commercial 47 $ 75,375 $ 75,375 Commercial real estate - - - Commercial construction - - - Residential real estate - - - Consumer - - - Total 47 $ 75,375 $ 75,375

Fair Value Measurements and F29

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2016 and December 31, 2015 are as follows: June 30, 2016 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) (in thousands) Recurring fair value measurements: Assets Investment securities: Available-for-sale: Federal agency obligations $ 30,403 $ - $ 30,403 $ - Residential mortgage pass- through securities 47,030 - 47,030 - Commercial mortgage pass- through securities 3,074 - 3,074 - Obligations of U.S. states and political subdivision 38,421 - 38,421 - Trust preferred securities 16,327 - 16,327 - Corporate bonds and notes 34,919 - 34,919 - Asset-backed securities 16,712 - 16,712 - Certificates of deposit 1,217 - 1,217 - Equity securities 381 381 - - Other securities 19,782 19,782 - - Total available-for-sale $ 208,266 $ 20,163 $ 188,103 $ - Loans held-for-sale 360 - 360 - Total assets $ 208,586 $ 20,163 $ 188,463 - Liabilities Derivatives $ 1,856 $ - $ 1,856 $ - Total liabilities $ 1,856 $ - $ 1,856 $ - December 31, 2015 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) (in thousands) Recurring fair value measurements: Assets Investment securities: Available-for-sale: Federal agency obligations $ 29,146 $ - $ 29,146 $ - Residential mortgage pass- through securities 44,910 - 44,910 - Commercial mortgage pass- through securities 2,972 - 2,972 - Obligations of U.S. states and political subdivision 8,357 - 8,357 - Trust preferred securities 16,255 - 16,255 - Corporate bonds and notes 53,976 - 53,976 - Asset-backed securities 19,725 - 19,725 - Certificates of deposit 1,905 - 1,905 - Equity securities 374 374 - - Other securities 18,150 18,150 - - Total available-for-sale $ 195,770 $ 18,524 $ 177,246 $ - Liabilities Derivatives $ 131 $ - $ 131 $ - Total liabilities $ 131 $ - $ 131 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	For assets measured at fair value on a non-recurring basis, the fair value measurements at June 30, 2016 and December 31, 2015 are as follows: Impaired loans Valuation Techniques Range of Unobservable Inputs Commercial Appraisals of collateral value Adjustment for age of comparable sales, generally a decline of 0% to 15%. Adjustment for age of lease payments. Market capitalization rates between 4% and 8% Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Assets measured at fair value on a nonrecurring basis: June 30, 2016 (Level 1) (Level 2) (Level 3) Impaired loans (in thousands) Commercial $ 3,626 $ - $ - $ 3,626 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable December 31, Assets Inputs Inputs Assets measured at fair value on a nonrecurring basis: 2015 (Level 1) (Level 2) (Level 3) Impaired loans (in thousands) Commercial $ 3,751 $ - $ - $ 3,751
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2016 and December 31, 2015. Fair Value Measurements Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Fair Assets Inputs Inputs Amount Value (Level 1) (Level 2) (Level 3) (in thousands) June 30, 2016 Financial assets Cash and due from banks $ 175,113 $ 175,113 $ 175,113 $ - $ - Investment securities available-for-sale 208,266 208,266 18,524 177,246 - Investment securities held-to-maturity 214,718 227,427 30,947 178,030 18,450 Restricted investment in bank stocks 25,210 n/a n/a n/a n/a Net loans 3,342,857 3,365,251 - - 3,365,251 Loans held-for-sale 360 360 - 360 - Accrued interest receivable 12,726 12,726 141 2,485 10,100 Financial liabilities Noninterest-bearing deposits 648,664 648,664 648,664 - - Interest-bearing deposits 2,552,329 2,545,465 - 2,545,465 - Borrowings 496,414 502,496 - 502,496 - Subordinated debentures, net 54,441 53,367 - 53,367 - Derivatives 1,856 1,856 - 1,856 - Accrued interest payable $ 4,617 $ 4,617 $ - $ 4,617 $ - December 31, 2015 Financial assets Cash and due from banks $ 200,895 $ 200,895 $ 200,895 $ - $ - Investment securities available-for-sale 195,770 195,770 18,524 177,246 - Investment securities held-to-maturity 224,056 230,558 29,226 182,774 18,558 Restricted investment in bank stocks 32,612 n/a n/a n/a n/a Net loans 3,072,435 3,059,343 - - 3,059,343 Accrued interest receivable 12,545 12,545 68 2,699 9,778 Financial liabilities Noninterest-bearing deposits 650,775 650,775 650,775 - - Interest-bearing deposits 2,140,191 2,137,149 - 2,137,149 - Borrowings 671,587 674,131 - 674,131 - Subordinated debentures, net 54,343 55,209 - 55,209 - Derivatives 131 131 - 131 - Accrued interest payable $ 4,387 $ 4,387 $ - $ 4,387 $ -

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated other comprehensive loss (net of tax) at June 30, 2016 and December 31, 2015 consisted of the following: June 30, December 31, 2016 2015 (in thousands) Net unrealized gain on investment securities available-for-sale $ 1,905 $ 713 Cash flow hedge (1,098 ) (77 ) Unamortized component of securities transferred from available-for-sale to held-to-maturity (1,116 ) (1,173 ) Defined benefit pension and post-retirement plans (4,012 ) (4,072 ) Total accumulated other comprehensive loss $ (4,321 ) $ (4,609 )

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Option activity under the principal option plans as of June 30, 2016 and changes during the six months ended June 30, 2016 were as follows: Weighted- Average Weighted- Remaining Average Contractual Exercise Term Aggregate Shares Price (In Years) Intrinsic Value Outstanding at December 31, 2015 535,906 $ 6.48 Granted - - Exercised (38,735 ) 6.32 Forfeited/cancelled/expired (45,010 ) 10.59 Outstanding at June 30, 2016 452,161 $ 6.09 2.81 $ 4,341,277 Exercisable at June 30, 2016 448,631 $ 6.02 2.77 $ 4,336,158
Schedule of Share Based Compensation Stock Option Plan Table Text Block	Information related to stock option exercises during 2016: 2016 Intrinsic value of options exercised $ 398,890 Cash received from options exercised 244,625 Tax benefit realized from options exercised 53,631 Weighted average fair value of options granted n/a
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The below table represents information regarding restricted shares currently outstanding at June 30, 2016: Weighted- Average Nonvested Grant Date Shares Fair Value Nonvested at December 31, 2015 96,902 $ 16.81 Granted 72,920 15.88 Vested (55,648 ) 16.01 Forfeited/cancelled/expired (1,000 ) 19.58 Nonvested at June 30, 2016 113,174 $ 16.81
Schedule of Unearned Performance Unit Awards [Table Text Block]	A summary of the status of unearned performance unit awards and the change during the period is presented in the table below: Weighted- Average Grant Date Shares Fair Value Unearned at December 31, 2015 87,038 $ 19.46 Awarded 52,713 17.15 Forfeited (7,447 ) 19.46 Expired - - Unearned at June 30, 2016 132,304 $ 18.60

Components of Net Periodic Pe32

Components of Net Periodic Pension Cost (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The following table sets forth the net periodic pension cost of the Company’s pension plan for the periods indicated. Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (in thousands) Interest cost $ 129 $ 129 $ 257 $ 267 Expected return on plan assets (155 ) (127 ) (291 ) (264 ) Net amortization 102 108 204 216 Recognized settlement loss - 115 - 565 Net periodic pension cost $ 76 $ 225 $ 170 $ 784 Amortization of actuarial loss $ - $ (261 ) $ (101 ) $ (1,003 ) Total recognized in other comprehensive income $ - $ (261 ) $ (101 ) $ (1,003 ) Total recognized in net expense and OCI (before tax) $ 76 $ (36 ) $ 69 $ (219 )

FHLB and other borrowings (Tabl

FHLB and other borrowings (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	The Company’s FHLB and other borrowings and weighted average interest rates are summarized below: June 30, 2016 December 31, 2015 Amount Rate Amount Rate (in thousands) By type of borrowing: FHLB borrowings $ 481,414 1.53 % $ 656,587 1.26 % Repurchase agreements (“REPOs”) 15,000 5.95 15,000 5.95 Total borrowings $ 496,414 1.66 $ 671,587 1.37 By remaining period to maturity: One year or less $ 225,414 0.62 % $ 270,587 0.64 % One to two years 91,000 1.45 171,000 1.56 Two to three years 115,000 1.85 130,000 1.84 Three to four years 25,000 1.85 35,000 1.60 Four to five years 40,000 3.43 65,000 2.82 Total borrowings $ 496,414 1.66 $ 671,587 1.37

Securities Sold under Agreeme34

Securities Sold under Agreements to Repurchase (Tables)	6 Months Ended
	Jun. 30, 2016
Securities Sold Under Agreements To Repurchase Tables
Schedule of information concerning repurchase agreements [Table Text Block]	The Company pledges investment securities to secure those borrowings. Information concerning repurchase agreements is summarized as follows for the periods presented: June 30, December 31, June 30, (dollars in thousands) 2016 2015 2015 Average daily balance during the year-to-date $ 15,000 $ 22,890 $ 31,000 Average interest rate during the year-to-date 5.95 % 5.92 % 5.90 % Maximum month-end balance during the year-to-date $ 15,000 $ 31,000 $ 31,000 % Weighted average interest rate during the year-to-date 5.95 % 5.92 % 5.90 %
Schedule of remaining contractual maturity [Table Text Block]	The table below shows the remaining contractual maturity of agreement by fair value of collateral pledged: June 30, 2016 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 Greater Than (dollars in thousands) Continuous Days 30-90 Days 90 Days Total Repurchase agreements and Repurchase-to-maturity transactions U.S. Treasury and agency securities $ - $ - $ - $ 5,158 $ 5,158 Residential mortgage pass-through securities - - - 14,180 14,180 Total Borrowings $ - $ - $ - $ 19,338 $ 19,338 Amounts related to agreements not included in offsetting disclosure in Note 14: $ 4,338 December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 Greater Than (dollars in thousands) Continuous Days 30-90 Days 90 Days Total Repurchase agreements and Repurchase-to-maturity transactions U.S. Treasury and agency securities $ - $ - $ - $ 6,313 $ 6,313 Residential mortgage pass-through securities - - - 12,589 12,589 Total Borrowings $ - $ - $ - $ 18,902 $ 18,902 Amounts related to agreements not included in offsetting disclosure in Note 14 $ 3,902

Subordinated Debentures (Tables

Subordinated Debentures (Tables)	6 Months Ended
	Jun. 30, 2016
Subordinated Borrowings [Abstract]
Schedule of Subordinated Debentures [Table Text Block]	The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II at June 30, 2016 and December 31, 2015. Securities Redeemable by Issuance Date Issued Liquidation Value Coupon Rate Maturity Issuer Beginning 12/19/2003 $ 5,000,000 $1,000 per Capital Floating 3-month 01/23/2034 01/23/2009 Security LIBOR + 285 Basis Points

Offsetting Assets and Liabili36

Offsetting Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2016
Offsetting Assets And Liabilities Tables
Schedule of financial instruments that are eligible for offset [Table Text Block]	The following table presents information about financial instruments that are eligible for offset as of June 30, 2016 and December 31, 2015: Gross Amounts Not Offset Gross Amounts Net Amounts of Cash or Offset in the Assets Presented in Financial Financial Gross Amounts Statement of the Statement of Instruments Instrument Net Recognized Financial Position Financial Position Recognized Collateral Amount (in thousands) June 30, 2016 Assets: Interest rate swaps $ - $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ 1,856 $ - $ 1,856 $ - $ 1,856 $ - Repurchase agreements 15,000 - 15,000 - 15,000 - Total $ 16,856 $ - $ 16,856 $ - $ 16,856 $ - December 31, 2015 Assets: Interest rate swaps $ 48 $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ 131 $ - $ 131 $ - $ 131 $ - Repurchase agreements 15,000 - 15,000 - 15,000 - Total $ 15,131 $ - $ 15,131 $ - $ 15,131 $ -

Presentation of Debt Issuance37

Presentation of Debt Issuance Costs (Tables)	6 Months Ended
	Jun. 30, 2016
Presentation Of Debt Issuance Costs
Presentation of Debt Issuance Costs [Table Text Block]	This ASU is required to be applied retrospectively to all periods presented. The following table summarizes the impact of retrospective application to the consolidated statement of condition for the year ended December 31, 2015: December 31, (dollars in thousands) 2015 Other assets As previously reported $ 24,908 As reported under the new guidance 24,096 Total assets As previously reported $ 4,016,721 As reported under the new guidance 4,015,909 Subordinated debentures As previously reported $ 55,155 As reported under the new guidance 54,343 Total liabilities As previously reported $ 3,539,377 As reported under the new guidance 3,538,565

Earnings per Common Share (Deta

Earnings per Common Share (Details) - Schedule of earnings per common share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 10,859	$ 10,521	$ 21,250	$ 20,901
Preferred stock dividends		(28)	(22)	(56)
Net income available to common stockholders	$ 10,859	$ 10,493	$ 21,228	$ 20,845
Basic weighted average common shares outstanding	30,089,829	29,868,247	30,071,278	29,812,521
Effect of dilutive options	250,000	363,000	260,000	391,000
Diluted weighted average common shares outstanding	30,340,376	30,231,480	30,331,172	30,203,682
Earnings per common share:
Basic	$ 0.36	$ 0.35	$ 0.71	$ 0.70
Diluted	$ 0.36	$ 0.35	$ 0.70	$ 0.69

Investment Securities (Details)

Investment Securities (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)Integer	Dec. 31, 2015USD ($)Integer
Investments, Debt and Equity Securities [Abstract]
Number of Investment Securities Sold | Integer	42	74
Available-for-sale Securities Pledged as Collateral | $	$ 165,600	$ 142,500
Description of Holding Securities	there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

Investment Securities (Detail40

Investment Securities (Details) - Unrealized gains on investment securities - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	$ 205,144	$ 194,619
Investment Securities Available-for-Sale, Gross Unrealized Gains	4,084	2,271
Investment Securities Available-for-Sale, Gross Unrealized Losses	(962)	(1,120)
Investment Securities Available-for-Sale, Fair Value	208,266	195,770
Investment securities held-to-maturity
Investment Securities Held-to-Maturity, Amortized Cost	214,718	224,056
Investment Securities Held-to-Maturity, Gross Unrealized Gains	12,728	6,793
Investment Securities Held-to-Maturity, Gross Unrealized Losses	(19)	(291)
Investment Securities Held-to-Maturity, Fair Value	227,427	230,558
Total, Amortized Cost	419,862	418,675
Total, Gross Unrealized Gains	16,812	9,064
Total, Gross Unrealized Losses	(981)	(1,411)
Total, Fair Value	435,693	426,328
US Treasury Securities [Member]
Investment securities held-to-maturity
Investment Securities Held-to-Maturity, Amortized Cost	28,574	28,471
Investment Securities Held-to-Maturity, Gross Unrealized Gains	2,373	755
Investment Securities Held-to-Maturity, Gross Unrealized Losses
Investment Securities Held-to-Maturity, Fair Value	30,947	29,226
Federal Agency Obligations [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	29,785	29,062
Investment Securities Available-for-Sale, Gross Unrealized Gains	628	142
Investment Securities Available-for-Sale, Gross Unrealized Losses	(10)	(58)
Investment Securities Available-for-Sale, Fair Value	30,403	29,146
Investment securities held-to-maturity
Investment Securities Held-to-Maturity, Amortized Cost	29,459	33,616
Investment Securities Held-to-Maturity, Gross Unrealized Gains	825	280
Investment Securities Held-to-Maturity, Gross Unrealized Losses		(119)
Investment Securities Held-to-Maturity, Fair Value	30,284	33,777
Residential Mortgage Backed Securities [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	45,718	44,155
Investment Securities Available-for-Sale, Gross Unrealized Gains	1,326	803
Investment Securities Available-for-Sale, Gross Unrealized Losses	(14)	(48)
Investment Securities Available-for-Sale, Fair Value	47,030	44,910
Investment securities held-to-maturity
Investment Securities Held-to-Maturity, Amortized Cost	3,147	3,805
Investment Securities Held-to-Maturity, Gross Unrealized Gains	30	11
Investment Securities Held-to-Maturity, Gross Unrealized Losses	(12)	(6)
Investment Securities Held-to-Maturity, Fair Value	3,165	3,810
Commercial Mortgage Backed Securities [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	2,949	2,981
Investment Securities Available-for-Sale, Gross Unrealized Gains	125
Investment Securities Available-for-Sale, Gross Unrealized Losses		(9)
Investment Securities Available-for-Sale, Fair Value	3,074	2,972
Investment securities held-to-maturity
Investment Securities Held-to-Maturity, Amortized Cost	1,301	4,110
Investment Securities Held-to-Maturity, Gross Unrealized Gains	44	27
Investment Securities Held-to-Maturity, Gross Unrealized Losses		(2)
Investment Securities Held-to-Maturity, Fair Value	1,345	4,135
US States and Political Subdivisions Debt Securities [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	38,085	8,188
Investment Securities Available-for-Sale, Gross Unrealized Gains	336	169
Investment Securities Available-for-Sale, Gross Unrealized Losses
Investment Securities Available-for-Sale, Fair Value	38,421	8,357
Investment securities held-to-maturity
Investment Securities Held-to-Maturity, Amortized Cost	115,154	118,015
Investment Securities Held-to-Maturity, Gross Unrealized Gains	7,661	5,001
Investment Securities Held-to-Maturity, Gross Unrealized Losses		(3)
Investment Securities Held-to-Maturity, Fair Value	122,815	123,013
Trust Preferred Securities [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	16,089	16,088
Investment Securities Available-for-Sale, Gross Unrealized Gains	506	398
Investment Securities Available-for-Sale, Gross Unrealized Losses	(268)	(231)
Investment Securities Available-for-Sale, Fair Value	16,327	16,255
Corporate Bonds And Notes [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	34,098	53,566
Investment Securities Available-for-Sale, Gross Unrealized Gains	1,003	702
Investment Securities Available-for-Sale, Gross Unrealized Losses	(182)	(292)
Investment Securities Available-for-Sale, Fair Value	34,919	53,976
Investment securities held-to-maturity
Investment Securities Held-to-Maturity, Amortized Cost	37,083	36,039
Investment Securities Held-to-Maturity, Gross Unrealized Gains	1,795	719
Investment Securities Held-to-Maturity, Gross Unrealized Losses	(7)	(161)
Investment Securities Held-to-Maturity, Fair Value	38,871	36,597
Asset-backed Securities [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	17,124	20,005
Investment Securities Available-for-Sale, Gross Unrealized Gains		18
Investment Securities Available-for-Sale, Gross Unrealized Losses	(412)	(298)
Investment Securities Available-for-Sale, Fair Value	16,712	19,725
Certificates of Deposit [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	1,196	1,895
Investment Securities Available-for-Sale, Gross Unrealized Gains	21	18
Investment Securities Available-for-Sale, Gross Unrealized Losses		(8)
Investment Securities Available-for-Sale, Fair Value	1,217	1,905
Equity Securities [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	376	376
Investment Securities Available-for-Sale, Gross Unrealized Gains	16	21
Investment Securities Available-for-Sale, Gross Unrealized Losses	(11)	(23)
Investment Securities Available-for-Sale, Fair Value	381	374
Other Securities [Member]
Investment securities available-for-sale
Investment Securities Available-for-Sale, Amortized Cost	19,724	18,303
Investment Securities Available-for-Sale, Gross Unrealized Gains	123
Investment Securities Available-for-Sale, Gross Unrealized Losses	(65)	(153)
Investment Securities Available-for-Sale, Fair Value	$ 19,782	$ 18,150

Investment Securities (Detail41

Investment Securities (Details) - Investments classified by maturity date - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investment securities available-for-sale:
Due in one year or less	$ 2,770
Due in one year or less	2,792
Due after one year through five years	18,536
Due after one year through five years	19,095
Due after five years through ten years	37,235
Due after five years through ten years	37,547
Due after ten years	77,836
Due after ten years	78,565
Total	205,144	$ 194,619
Total	208,266
Investment securities held-to-maturity:
Due in one year or less	6,007
Due in one year or less	6,037
Due after one year through five years	10,238
Due after one year through five years	10,573
Due after five years through ten years	84,718
Due after five years through ten years	90,673
Due after ten years	109,307
Due after ten years	115,634
Total	214,718	224,056
Investment Securities Held-to-Maturity, Fair Value	227,427	230,558
Total investment securities	419,862
Total investment securities	435,693
Residential Mortgage Backed Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Amortized Cost	45,718
Investment Securities Available-for-Sale: Fair Value	47,030
Total	45,718	44,155
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Amoritzed Cost	3,147
Investment Securities Held-to-Maturity: Fair Value	3,165
Investment Securities Held-to-Maturity, Fair Value	3,165	3,810
Commercial Mortgage Backed Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Amortized Cost	2,949
Investment Securities Available-for-Sale: Fair Value	3,074
Total	2,949	2,981
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Amoritzed Cost	1,301
Investment Securities Held-to-Maturity: Fair Value	1,345
Investment Securities Held-to-Maturity, Fair Value	1,345	4,135
Equity Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Amortized Cost	376
Investment Securities Available-for-Sale: Fair Value	381
Total	376	376
Other Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Amortized Cost	19,724
Investment Securities Available-for-Sale: Fair Value	19,782
Total	$ 19,724	$ 18,303

Investment Securities (Detail42

Investment Securities (Details) - Schedule of realized gains and losses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of realized gains and losses [Abstract]
Proceeds	$ 6,573	$ 2,734	$ 6,573	$ 12,271
Gross gains on sales of investment securities	103	221	103	726
Gross losses on sales of investment securities
Net gains on sales of investment securities	103	221	103	726
Less: tax provision on net gains	42	90	42	297
Total	$ 61	$ 131	$ 61	$ 429

Investment Securities (Detail43

Investment Securities (Details) - Schedule of unrealized losses not recognized in income - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	$ 39,755	$ 62,566
Investment Securities Available-for-Sale: Total, Unrealized Losses	(962)	(1,120)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	18,783	48,178
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(266)	(468)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	20,972	14,388
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(696)	(652)
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Total, Fair Value	4,516	22,882
Investment Securities Held-to-Maturity: Total, Unrealized Losses	(19)	(291)
Investment Securities Held-to-Maturity: Less than 12 Months, Fair Value	1,751	22,111
Investment Securities Held-to-Maturity: Less than 12 Months, Unrealized Losses	(12)	(281)
Investment Securities Held-to-Maturity: 12 Months or Longer, Fair Value	2,765	771
Investment Securities Held-to-Maturity: 12 Months or Longer, Unrealized Losses	(7)	(10)
Fair Value, Total	44,271	85,448
Unrealized Losses, Total	(981)	(1,411)
Fair Value, Less than 12 Months	20,534	70,289
Unrealized Losses, Less than 12 Months	(278)	(749)
Fair Value, 12 Months or Longer	23,737	15,159
Unrealized Losses, 12 Months or Longer	(703)	(662)
Federal Agency Obligations [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	3,140	12,260
Investment Securities Available-for-Sale: Total, Unrealized Losses	(10)	(58)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	2,824	12,013
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(9)	(54)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	316	247
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(1)	(4)
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Total, Fair Value		12,554
Investment Securities Held-to-Maturity: Total, Unrealized Losses		(119)
Investment Securities Held-to-Maturity: Less than 12 Months, Fair Value		11,783
Investment Securities Held-to-Maturity: Less than 12 Months, Unrealized Losses		(109)
Investment Securities Held-to-Maturity: 12 Months or Longer, Fair Value		771
Investment Securities Held-to-Maturity: 12 Months or Longer, Unrealized Losses		(10)
Residential Mortgage Backed Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	2,090	9,027
Investment Securities Available-for-Sale: Total, Unrealized Losses	(14)	(48)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	1,681	9,027
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(8)	(48)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	409
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(6)
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Total, Fair Value	1,751	2,480
Investment Securities Held-to-Maturity: Total, Unrealized Losses	(12)	(6)
Investment Securities Held-to-Maturity: Less than 12 Months, Fair Value	1,751	2,480
Investment Securities Held-to-Maturity: Less than 12 Months, Unrealized Losses	(12)	(6)
Investment Securities Held-to-Maturity: 12 Months or Longer, Fair Value
Investment Securities Held-to-Maturity: 12 Months or Longer, Unrealized Losses
Trust Preferred Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	1,309	1,345
Investment Securities Available-for-Sale: Total, Unrealized Losses	(268)	(231)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	1,309	1,345
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(268)	(231)
Corporate Bonds And Notes [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	11,145	16,533
Investment Securities Available-for-Sale: Total, Unrealized Losses	(182)	(292)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	7,290	12,702
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(72)	(161)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	3,855	3,831
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(110)	(131)
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Total, Fair Value	2,765	5,536
Investment Securities Held-to-Maturity: Total, Unrealized Losses	(7)	(161)
Investment Securities Held-to-Maturity: Less than 12 Months, Fair Value		5,536
Investment Securities Held-to-Maturity: Less than 12 Months, Unrealized Losses		(161)
Investment Securities Held-to-Maturity: 12 Months or Longer, Fair Value	2,765
Investment Securities Held-to-Maturity: 12 Months or Longer, Unrealized Losses	(7)
Asset-backed Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	16,513	14,745
Investment Securities Available-for-Sale: Total, Unrealized Losses	(412)	(298)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	6,988	11,250
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(177)	(188)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	9,525	3,495
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(235)	(110)
Equity Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	123	123
Investment Securities Available-for-Sale: Total, Unrealized Losses	(11)	(23)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	123	123
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(11)	(23)
Other Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value	5,435	5,347
Investment Securities Available-for-Sale: Total, Unrealized Losses	(65)	(153)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	5,435	5,347
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	$ (65)	(153)
Commercial Mortgage Backed Securities [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value		2,971
Investment Securities Available-for-Sale: Total, Unrealized Losses		(9)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value		2,971
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses		(9)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Total, Fair Value		1,331
Investment Securities Held-to-Maturity: Total, Unrealized Losses		(2)
Investment Securities Held-to-Maturity: Less than 12 Months, Fair Value		1,331
Investment Securities Held-to-Maturity: Less than 12 Months, Unrealized Losses		(2)
Investment Securities Held-to-Maturity: 12 Months or Longer, Fair Value
Investment Securities Held-to-Maturity: 12 Months or Longer, Unrealized Losses
Obligation Of Us States And Political Subdivisions [Member]
Investment securities held-to-maturity:
Investment Securities Held-to-Maturity: Total, Fair Value		981
Investment Securities Held-to-Maturity: Total, Unrealized Losses		(3)
Investment Securities Held-to-Maturity: Less than 12 Months, Fair Value		981
Investment Securities Held-to-Maturity: Less than 12 Months, Unrealized Losses		(3)
Investment Securities Held-to-Maturity: 12 Months or Longer, Fair Value
Investment Securities Held-to-Maturity: 12 Months or Longer, Unrealized Losses
Certificates of Deposit [Member]
Investment securities available-for-sale:
Investment Securities Available-for-Sale: Total, Fair Value		215
Investment Securities Available-for-Sale: Total, Unrealized Losses		(8)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value		215
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses		(8)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Aug. 24, 2015	Dec. 30, 2014	Oct. 15, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional Amount of Interest Rate Cash Flow Hedge Derivatives					$ 25,000	$ 25,000	$ 25,000
Interest expense on derivatives	$ 176	$ 165	$ 367	$ 331

Derivatives (Details) - Summary

Derivatives (Details) - Summary of interest rate swap designated as a cash flow hedges - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Summary of interest rate swap designated as a cash flow hedges [Abstract]
Notional amount	$ 75,000	$ 50,000	$ 75,000
Weighted average pay rates	1.58%	1.58%	1.56%
Weighted average receive rates	0.65%	0.26%	0.44%
Weighted average maturity	3 years 3 months 18 days	3 years 10 months 24 days	3 years 9 months 18 days
Fair value	$ (1,856)	$ (250)	$ (131)

Derivatives (Details) - Summa46

Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income - Interest Rate Contract [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income and statements of income relating to cash flow derivative instruments [Line Items]
Amount of loss recognized in OCI (Effective Portion)	$ (1,725)	$ (298)
Amount of loss reclassified from OCI to interest income
Amount of loss recognized in other Non-interest income (Ineffective Portion)

Derivatives (Details) - Summa47

Derivatives (Details) - Summary of cash flow hedges included in the consolidated balance sheets - Interest Rate Swap [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Included in other asset/(liabilities):
Interest rate swap related to FHLB Advances, Notional Amount	$ 75,000	$ 75,000
Interest rate swap related to FHLB Advances, Fair Value	$ (1,856)	$ (131)

Loans and the Allowance for L48

Loans and the Allowance for Loan and Lease Losses (Details) - Narrative - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Non Accrual Contractual Due		90 days
Loans Pledged as Collateral	$ 1,600,000	$ 1,600,000		$ 1,600,000
Loans performing under the restructured terms		97,800		85,900
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans		1,400		700
Troubled debt restructurings		99,200		86,600
Allowance for Loan and Lease Losses Period Increase Decrease Due to Trouble Debt Restructuring	1,500	3,300
Specific allocations associated with taxi medallion, fair value	7,800	7,800		$ 4,500
Modified specific allocations associated with taxi medallion, fair value		10,100
Valuation per Medallion Amount	$ 750	750
Increase in allowance for loan and lease losses		$ 108
Secured by Taxi Medallions [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range	3.75%	3.75%
Minimum [Member] | Secured by Taxi Medallions [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range			3.00%
Modifications principal amortization period			25 years
Maximum [Member] | Secured by Taxi Medallions [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range			3.25%
Modifications principal amortization period			30 years

Loans and the Allowance for L49

Loans and the Allowance for Loan and Lease Losses (Details) - Composition of loan portfolio - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 3,377,944	$ 3,101,794
Net deferred loan fees	(2,324)	(2,787)
Total loans receivable	3,375,620	3,099,007
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	630,425	570,116
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,071,769	1,966,696
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	443,277	328,838
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	230,497	233,690
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 1,976	$ 2,454

Loans and the Allowance for L50

Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount	$ 8,058	$ 9,181
Commercial Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount	7,028	7,078
Commercial Real Estate Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount	1,030	1,775
Residential Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount		$ 328

Loans and the Allowance for L51

Loans and the Allowance for Loan and Lease Losses (Details) - Schedule of accretable yield, or income expected to be collected - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of accretable yield, or income expected to be collected [Abstract]
Beginning balance	$ 3,416	$ 4,250	$ 3,599	$ 4,467
New loans purchased
Accretion of income	(183)	(237)	(366)	(454)
Reclassification from nonaccretable differences
Disposals
Ending balance	$ 3,233	$ 4,013	$ 3,233	$ 4,013

Loans and the Allowance for L52

Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 21,911	$ 20,736
Commercial Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	9,480	6,586
Commercial Real Estate Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	9,478	9,112
Construction Loans [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status		1,479
Residential Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 2,953	$ 3,559

Loans and the Allowance for L53

Loans and the Allowance for Loan and Lease Losses (Details) - Credit quality indicators - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	$ 3,377,944	$ 3,101,794
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	630,425	570,116
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	2,071,769	1,966,696
Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	443,277	328,838
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	230,497	233,690
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	1,976	2,454
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	3,204,703	2,939,890
Pass [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	517,271	462,358
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	2,015,082	1,919,041
Pass [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	443,277	326,697
Pass [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	227,173	229,426
Pass [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	1,900	2,368
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	35,042	31,412
Special Mention [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	7,812	11,760
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	27,230	18,990
Special Mention [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount		662
Special Mention [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount
Special Mention [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	138,199	130,253
Substandard [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	105,342	95,998
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	29,457	28,426
Substandard [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount		1,479
Substandard [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	3,324	4,264
Substandard [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	76	86
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount		239
Doubtful [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount		239
Doubtful [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount
Doubtful [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount
Doubtful [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount

Loans and the Allowance for L54

Loans and the Allowance for Loan and Lease Losses (Details) - Schedule of analysis of impaired loans, by class - 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, Impaired [Line Items]
No related allowance recorded, Recorded Investment	$ 22,999		$ 22,999		$ 22,317
No related allowance recorded, Unpaid Principal Balance	23,747		23,747		23,713
No Related Allowance Average Recorded Investment	23,894	$ 84,225	23,974	$ 45,407
No Related Allowance Interest Income Recognized	69	501	118	522
With an allowance recorded, Recorded Investment	5,600		5,600		6,000
With an allowance recorded, Unpaid Principal Balance	96,817		96,817
With an allowance recorded, Related Allowance	9,674		9,674
With An Allowance Recorded Average Recorded Investment	93,413	5,857	88,844	5,837
With An Allowance Recorded Interest Income Recognized	784		1,522
Total, Recorded Investment	120,053		120,053		107,104
Total, Unpaid Principal Balance	120,564		120,564		108,162
Total, Related Allowance	9,674		9,674		6,725
Total Impaired Average Recorded Investment	117,307	90,082	112,818	51,244
Total Impaired Interest Income Recognized	853	501	1,640	522
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	2,313		2,313		610
No related allowance recorded, Unpaid Principal Balance	2,692		2,692		645
No Related Allowance Average Recorded Investment	2,370	76,744	2,337	37,855
No Related Allowance Interest Income Recognized	20	484	20	484
With an allowance recorded, Recorded Investment	96,901		96,901		84,787
With an allowance recorded, Unpaid Principal Balance	96,664		96,664		84,449
With an allowance recorded, Related Allowance	9,576		9,576		6,725
With An Allowance Recorded Average Recorded Investment	93,260	1,559	88,691	1,569
With An Allowance Recorded Interest Income Recognized	784		1,522
Total, Recorded Investment	99,214		99,214		85,397
Total, Unpaid Principal Balance	99,356		99,356		85,094
Total, Related Allowance	9,576		9,576		6,725
Total Impaired Average Recorded Investment	95,630	78,303	91,028	39,424
Total Impaired Interest Income Recognized	804	484	1,542	484
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	16,233		16,233		15,517
No related allowance recorded, Unpaid Principal Balance	16,200		16,200		16,512
No Related Allowance Average Recorded Investment	16,072	3,898	15,623	3,935
No Related Allowance Interest Income Recognized	27	13	53	32
With an allowance recorded, Recorded Investment	153		153
With an allowance recorded, Unpaid Principal Balance	153		153
With an allowance recorded, Related Allowance	98		98
With An Allowance Recorded Average Recorded Investment	153	4,298	153	4,268
With An Allowance Recorded Interest Income Recognized
Total, Recorded Investment	16,386		16,386		15,517
Total, Unpaid Principal Balance	16,353		16,353		16,512
Total, Related Allowance	98		98
Total Impaired Average Recorded Investment	16,225	8,196	15,776	8,203
Total Impaired Interest Income Recognized	27	13	53	32
Construction Loans [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	1,053		1,053		2,149
No related allowance recorded, Unpaid Principal Balance	1,049		1,049		2,141
No Related Allowance Average Recorded Investment	1,426		1,911
No Related Allowance Interest Income Recognized	16		33
Total, Recorded Investment	1,053		1,053		2,149
Total, Unpaid Principal Balance	1,049		1,049		2,141
Total, Related Allowance
Total Impaired Average Recorded Investment	1,426		1,911
Total Impaired Interest Income Recognized	16		33
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	3,324		3,324		3,954
No related allowance recorded, Unpaid Principal Balance	3,730		3,730		4,329
No Related Allowance Average Recorded Investment	3,947	3,481	4,021	3,512
No Related Allowance Interest Income Recognized	5	2	10	4
Total, Recorded Investment	3,324		3,324		3,954
Total, Unpaid Principal Balance	3,730		3,730		4,329
Total, Related Allowance
Total Impaired Average Recorded Investment	3,947	3,481	4,021	3,512
Total Impaired Interest Income Recognized	5	2	10	4
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	76		76		87
No related allowance recorded, Unpaid Principal Balance	76		76		86
No Related Allowance Average Recorded Investment	79	102	82	105
No Related Allowance Interest Income Recognized	1	2	2	2
Total, Recorded Investment	76		76		87
Total, Unpaid Principal Balance	76		76		86
Total, Related Allowance
Total Impaired Average Recorded Investment	79	102	82	105
Total Impaired Interest Income Recognized	$ 1	$ 2	$ 2	$ 2

Loans and the Allowance for L55

Loans and the Allowance for Loan and Lease Losses (Details) - Aging analysis - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 25,503	$ 33,418
Current	3,352,441	3,068,376
Total Loans Receivable	3,377,944	3,101,794
Loans Receivable 90 Days or Greater Past Due and Accruing
30 - 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,142	8,889
60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,257	4,502
90 Days or Greater Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20,104	20,027
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,778	17,257
Current	619,647	552,859
Total Loans Receivable	630,425	570,116
Loans Receivable 90 Days or Greater Past Due and Accruing
Commercial Portfolio Segment [Member] | 30 - 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	375	6,887
Commercial Portfolio Segment [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,726	3,505
Commercial Portfolio Segment [Member] | 90 Days or Greater Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8,677	6,865
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	11,206	12,547
Current	2,060,563	1,954,149
Total Loans Receivable	2,071,769	1,966,696
Loans Receivable 90 Days or Greater Past Due and Accruing
Commercial Real Estate Portfolio Segment [Member] | 30 - 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	150	1,998
Commercial Real Estate Portfolio Segment [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,729	988
Commercial Real Estate Portfolio Segment [Member] | 90 Days or Greater Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,327	9,561
Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,479
Current	443,277	327,359
Total Loans Receivable	443,277	328,838
Loans Receivable 90 Days or Greater Past Due and Accruing
Construction Loans [Member] | 30 - 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Construction Loans [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Construction Loans [Member] | 90 Days or Greater Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		1,479
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,511	2,122
Current	226,986	231,568
Total Loans Receivable	230,497	233,690
Loans Receivable 90 Days or Greater Past Due and Accruing
Residential Portfolio Segment [Member] | 30 - 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	609
Residential Portfolio Segment [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	802
Residential Portfolio Segment [Member] | 90 Days or Greater Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,100	2,122
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8	13
Current	1,968	2,441
Total Loans Receivable	1,976	2,454
Loans Receivable 90 Days or Greater Past Due and Accruing
Consumer Portfolio Segment [Member] | 30 - 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8	4
Consumer Portfolio Segment [Member] | 60 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		9
Consumer Portfolio Segment [Member] | 90 Days or Greater Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due

Loans and the Allowance for L56

Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Allowance for loan and lease losses
Allowance for loan and lease losses, individually evaluated for impairment	$ 9,674		$ 6,725
Allowance for loan and lease losses, collectively evaluated for impairment	23,089		19,847
Allowance for loan and lease losses, acquired portfolio
Allowance for loan and lease losses, acquired with deteriorated credit quality
Allowance for loan and lease losses, total	32,763	$ 29,074	26,572	$ 17,480	$ 15,933	$ 14,160
Gross loans
Loans Receivable, individually evaluated for impairment	120,053		107,104
Loans Receivable, collectively evaluated for impairment	2,449,982		2,118,631
Loans Receivable, acquired portfolio	799,851		866,878
Loans Receivables, acquired with deteriorated credit quality	8,058		9,181
Loans Receivable, Total	3,377,944		3,101,794
Commercial Portfolio Segment [Member]
Allowance for loan and lease losses
Allowance for loan and lease losses, individually evaluated for impairment	9,674		6,725
Allowance for loan and lease losses, collectively evaluated for impairment	5,874		4,224
Allowance for loan and lease losses, acquired portfolio
Allowance for loan and lease losses, acquired with deteriorated credit quality
Allowance for loan and lease losses, total	15,548	13,097	10,949	4,633	3,927	3,083
Gross loans
Loans Receivable, individually evaluated for impairment	99,214		85,397
Loans Receivable, collectively evaluated for impairment	464,080		395,424
Loans Receivable, acquired portfolio	60,103		82,217
Loans Receivables, acquired with deteriorated credit quality	7,028		7,078
Loans Receivable, Total	630,425		570,116
Commercial Real Estate Portfolio Segment [Member]
Allowance for loan and lease losses
Allowance for loan and lease losses, individually evaluated for impairment
Allowance for loan and lease losses, collectively evaluated for impairment	11,371		10,926
Allowance for loan and lease losses, acquired portfolio
Allowance for loan and lease losses, acquired with deteriorated credit quality
Allowance for loan and lease losses, total	11,371	10,941	10,926	9,195	8,846	7,799
Gross loans
Loans Receivable, individually evaluated for impairment	16,386		15,517
Loans Receivable, collectively evaluated for impairment	1,406,028		1,269,140
Loans Receivable, acquired portfolio	648,325		680,264
Loans Receivables, acquired with deteriorated credit quality	1,030		1,775
Loans Receivable, Total	2,071,769		1,966,696
Construction Loans [Member]
Allowance for loan and lease losses
Allowance for loan and lease losses, individually evaluated for impairment
Allowance for loan and lease losses, collectively evaluated for impairment	4,040		3,253
Allowance for loan and lease losses, acquired portfolio
Allowance for loan and lease losses, acquired with deteriorated credit quality
Allowance for loan and lease losses, total	4,040	3,617	3,253	1,945	1,518	1,239
Gross loans
Loans Receivable, individually evaluated for impairment	1,053		2,149
Loans Receivable, collectively evaluated for impairment	434,402		315,785
Loans Receivable, acquired portfolio	7,822		10,904
Loans Receivables, acquired with deteriorated credit quality
Loans Receivable, Total	443,277		328,838
Residential Portfolio Segment [Member]
Allowance for loan and lease losses
Allowance for loan and lease losses, individually evaluated for impairment
Allowance for loan and lease losses, collectively evaluated for impairment	1,091		976
Allowance for loan and lease losses, acquired portfolio
Allowance for loan and lease losses, acquired with deteriorated credit quality
Allowance for loan and lease losses, total	1,091	1,074	976	1,161	981	1,113
Gross loans
Loans Receivable, individually evaluated for impairment	3,324		3,954
Loans Receivable, collectively evaluated for impairment	144,204		136,633
Loans Receivable, acquired portfolio	82,969		92,775
Loans Receivables, acquired with deteriorated credit quality			328
Loans Receivable, Total	230,497		233,690
Consumer Portfolio Segment [Member]
Allowance for loan and lease losses
Allowance for loan and lease losses, individually evaluated for impairment
Allowance for loan and lease losses, collectively evaluated for impairment	4		4
Allowance for loan and lease losses, acquired portfolio
Allowance for loan and lease losses, acquired with deteriorated credit quality
Allowance for loan and lease losses, total	4	4	4	7	4	7
Gross loans
Loans Receivable, individually evaluated for impairment	76		87
Loans Receivable, collectively evaluated for impairment	1,268		1,649
Loans Receivable, acquired portfolio	632		718
Loans Receivables, acquired with deteriorated credit quality
Loans Receivable, Total	1,976		2,454
Unallocated [Member]
Allowance for loan and lease losses
Allowance for loan and lease losses, individually evaluated for impairment
Allowance for loan and lease losses, collectively evaluated for impairment	709		464
Allowance for loan and lease losses, acquired portfolio
Allowance for loan and lease losses, acquired with deteriorated credit quality
Allowance for loan and lease losses, total	709	$ 341	464	$ 539	$ 657	$ 919
Gross loans
Loans Receivable, individually evaluated for impairment
Loans Receivable, collectively evaluated for impairment
Loans Receivable, acquired portfolio
Loans Receivables, acquired with deteriorated credit quality
Loans Receivable, Total

Loans and the Allowance for L57

Loans and the Allowance for Loan and Lease Losses (Details) - Schedule of allowance for loan losses - 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]
Balance	$ 29,074	$ 15,933	$ 26,572	$ 14,160
Charged-offs	(77)	(334)	(589)	(395)
Recoveries	16	331	30	340
Provision	3,750	1,550	6,750	3,375
Balance	32,763	17,480	32,763	17,480
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance	13,097	3,927	10,949	3,083
Charged-offs	(72)	(55)	(517)	(100)
Recoveries	1	3	2	10
Provision	2,522	758	5,114	1,640
Balance	15,548	4,633	15,548	4,633
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance	10,941	8,846	10,926	7,799
Charged-offs		(278)		(282)
Recoveries	12	327	25	327
Provision	418	300	420	1,351
Balance	11,371	9,195	11,371	9,195
Construction Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance	3,617	1,518	3,253	1,239
Charged-offs
Recoveries
Provision	423	427	787	706
Balance	4,040	1,945	4,040	1,945
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance	1,074	981	976	1,113
Charged-offs			(67)
Recoveries	2		2	2
Provision	15	180	180	46
Balance	1,091	1,161	1,091	1,161
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance	4	4	4	7
Charged-offs	(5)	(1)	(5)	(13)
Recoveries	1	1	1	1
Provision	4	3	4	12
Balance	4	7	4	7
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance	341	657	464	919
Charged-offs
Recoveries
Provision	368	(118)	245	(380)
Balance	$ 709	$ 539	$ 709	$ 539

Loans and the Allowance for L58

Loans and the Allowance for Loan and Lease Losses (Details) - Schedule of troubled debt restructuring by class $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)Integer	Jun. 30, 2015USD ($)Integer
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Loans | Integer	13	47
Pre-Modification Outstanding Recorded Investment	$ 12,593	$ 75,375
Post-Modification Outstanding Recorded Investment	$ 12,593	$ 75,375
Commercial Portfolio Segment [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Loans | Integer	12	47
Pre-Modification Outstanding Recorded Investment	$ 12,018	$ 75,375
Post-Modification Outstanding Recorded Investment	$ 12,018	$ 75,375
Commercial Real Estate Portfolio Segment [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Loans | Integer	1
Pre-Modification Outstanding Recorded Investment	$ 575
Post-Modification Outstanding Recorded Investment	$ 575
Construction Loans [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Loans | Integer
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Residential Portfolio Segment [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Loans | Integer
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Consumer Portfolio Segment [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Loans | Integer
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment

Fair Value Measurements and F59

Fair Value Measurements and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 5,600	$ 6,000
Impaired Financing Receivable, Related Allowance	$ 1,900	$ 2,200

Fair Value Measurements and F60

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Fair Value on a recurring basis - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	$ 208,266	$ 195,770
Loans held for sale	360
Assets: Available-for-sale, Fair Value	208,586
Liabilities
Derivatives	1,856	131
Total liabilities	1,856	131
Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	18,524	18,524
Loans held for sale
Assets: Available-for-sale, Fair Value	20,163
Liabilities
Derivatives
Total liabilities
Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	177,246	177,246
Loans held for sale	360
Assets: Available-for-sale, Fair Value	188,463
Liabilities
Derivatives	1,856	131
Total liabilities	1,856	131
Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value
Loans held for sale
Liabilities
Derivatives
Total liabilities
Federal Agency Obligations [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	30,403	29,146
Federal Agency Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	30,403	29,146
Residential Mortgage Backed Securities [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	47,030	44,910
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	47,030	44,910
Commercial Mortgage Backed Securities [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	3,074	2,972
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	3,074	2,972
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	38,421	8,357
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	38,421	8,357
Trust Preferred Securities [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	16,327	16,255
Trust Preferred Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	16,327	16,255
Corporate Bonds And Notes [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	34,919	53,976
Corporate Bonds And Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	34,919	53,976
Asset-backed Securities [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	16,712	19,725
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	16,712	19,725
Certificates of Deposit [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	1,217	1,905
Certificate Of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	1,217	1,905
Equity Securities [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	381	374
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	381	374
Other Securities [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	19,782	18,150
Other Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Investment securities: Available-for-sale, Fair Value	$ 19,782	$ 18,150

Fair Value Measurements and F61

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Fair Value on a non-recurring basis - Commercial Portfolio Segment [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Market Capitalization [Member] | Minimum [Member]
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]
Discounted Range	4.00%	4.00%
Market Capitalization [Member] | Maximum [Member]
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]
Discounted Range	8.00%	8.00%
Appraisals Of Collateral Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]
Valuation Technique	Appraisals of collateral value	Appraisals of collateral value
Appraisals Of Collateral Valuation Technique [Member] | Minimum [Member] | Impaired Loans [Member]
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]
Discounted Range	0.00%	0.00%
Appraisals Of Collateral Valuation Technique [Member] | Maximum [Member] | Impaired Loans [Member]
Fair Value Measurements and Fair Value of Financial Instruments (Details) - Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques [Line Items]
Discounted Range	15.00%	15.00%

Fair Value Measurements and F62

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Assets at Fair Value on Non-Recurring - Impaired Loans [Member] - Commercial Portfolio Segment [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets Measured at Fair Value on a Non-Recurring Basis:
Assets, Fair Value Disclosure, Nonrecurring	$ 3,626	$ 3,751
Fair Value, Inputs, Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Assets, Fair Value Disclosure, Nonrecurring	$ 3,626	$ 3,751

Fair Value Measurements and F63

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value hierarchy - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Financial assets
Cash and cash equivalents, Carrying Amount	$ 175,113	$ 200,895	$ 125,483	$ 126,847
Cash and cash equivalents, Fair Value	175,113	200,895
Investment securities available-for-sale, Carrying Amount	208,266	195,770
Investment Securities Available-for-Sale, Fair Value	208,266	195,770
Investment securities held-to-maturity, Carrying Amount	214,718	224,056
Investment securities held-to-maturity, Fair Value	227,427	230,558
Restricted investment in bank stocks, Carrying Amount	25,210	32,612
Restricted investment in bank stocks, Fair Value
Net loans, Carrying Amount	3,342,857	3,072,435
Net loans, Fair Value	3,365,251	3,059,343
Loans held-for-sale, Carrying Amount	360
Loans held-for-sale, Fair Value	360
Accrued interest receivable, Carrying Amount	12,726	12,545
Accrued interest receivable, Fair Value	12,726	12,545
Financial liabilities
Noninterest-bearing deposits, Carrying Amount	648,664	650,775
Noninterest-bearing deposits, Fair Value	648,664	650,775
Interest-bearing deposits, Carrying Amount	2,552,329	2,140,191
Interest-bearing deposits, Fair Value	2,545,465	2,137,149
Borrowings, Carrying Amount	496,414	671,587
Borrowings, Fair Value	502,496	674,131
Subordinated debentures, net	54,441	54,343
Subordinated debentures, Fair Value	53,367	55,209
Derivatives	1,856	131
Derivatives	1,856	131
Accrued interest payable, Carrying Amount	4,617	4,387
Accrued interest payable, Fair Value	4,617	4,387
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and cash equivalents, Fair Value	175,113	200,895
Investment Securities Available-for-Sale, Fair Value	18,524	18,524
Investment securities held-to-maturity, Fair Value	30,947	29,226
Restricted investment in bank stocks, Fair Value
Net loans, Fair Value
Loans held-for-sale, Fair Value
Accrued interest receivable, Fair Value	141	68
Financial liabilities
Noninterest-bearing deposits, Fair Value	648,664	650,775
Interest-bearing deposits, Fair Value
Borrowings, Fair Value
Subordinated debentures, Fair Value
Derivatives
Accrued interest payable, Fair Value
Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and cash equivalents, Fair Value
Investment Securities Available-for-Sale, Fair Value	177,246	177,246
Investment securities held-to-maturity, Fair Value	178,030	182,774
Restricted investment in bank stocks, Fair Value
Net loans, Fair Value
Loans held-for-sale, Fair Value	360
Accrued interest receivable, Fair Value	2,485	2,699
Financial liabilities
Noninterest-bearing deposits, Fair Value
Interest-bearing deposits, Fair Value	2,545,465	2,137,149
Borrowings, Fair Value	502,496	674,131
Subordinated debentures, Fair Value	53,367	55,209
Derivatives	1,856	131
Accrued interest payable, Fair Value	4,617	4,387
Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and cash equivalents, Fair Value
Investment Securities Available-for-Sale, Fair Value
Investment securities held-to-maturity, Fair Value	18,450	18,558
Restricted investment in bank stocks, Fair Value
Net loans, Fair Value	3,365,251	3,059,343
Loans held-for-sale, Fair Value
Accrued interest receivable, Fair Value	10,100	9,778
Financial liabilities
Noninterest-bearing deposits, Fair Value
Interest-bearing deposits, Fair Value
Borrowings, Fair Value
Subordinated debentures, Fair Value
Derivatives
Accrued interest payable, Fair Value

Accumulated Other Comprehensi64

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Net unrealized gain on investment securities available-for-sale	$ 1,905	$ 713
Cash flow hedge	(1,098)	(77)
Unamortized component of securities transferred from available-for-sale to held-to-maturity	(1,116)	(1,173)
Defined benefit pension and post-retirement plans	(4,012)	(4,072)
Total accumulated other comprehensive loss	$ (4,321)	$ (4,609)

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares)	1,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	452,161		535,906
Unrecognized compensation cost related to nonvested shares	$ 1,918
Weighted average period related to compensation cost	2 years
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 0
Tax benefit rate	36.00%
Employee Director Stock Option Plan 2009 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	68,516
Equity Compensation Plan 2009 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	234,090
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost (in Dollars)	$ 267	$ 102
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	132,304
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	181,892
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost (in Dollars)	$ 167
Unrecognized compensation cost related to nonvested shares	$ 1,507
Weighted average period related to compensation cost	26 years 1 month 6 days
Unearned [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	132,304		87,038
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)	52,713

Stock Based Compensation (Det66

Stock Based Compensation (Details) - Disclosure of Share-based Compensation Arrangements by Share-based Payment Award $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Beginning balance | shares	535,906
Granted | shares
Exercised | shares	(38,735)
Forfeited/cancelled/expired | shares	(45,010)
Ending balance | shares	452,161
Exercisable Ending Balance | shares	448,631
Outstanding Beginning Balance, Weighted-Average Exercise Price | $ / shares	$ 6.48
Granted, Weighted-Average Exercise Price | $ / shares
Exercised, Weighted-Average Exercise Price | $ / shares	6.32
Forfeited/cancelled/expired, Weighted-Average Exercise Price | $ / shares	10.59
Outstanding Ending Balance, Weighted-Average Exercise Price | $ / shares	6.09
Exercisable Ending Balance, Weighted-Average Exercise Price | $ / shares	$ 6.02
Outstanding Ending Balance - Weighted average remaining contractual term (years)	2 years 9 months 22 days
Exercisable Ending Balance - Weighted average remaining contractual term (years)	2 years 9 months 7 days
Outstanding Ending Balance - Aggregate intrinsic value | $	$ 4,341,277
Exercisable Ending Balance - Aggregate intrinsic value | $	$ 4,336,158

Stock Based Compensation (Det67

Stock Based Compensation (Details) - Disclosure related to stock option plan $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Intrinsic value of options exercised	$ 398,890
Cash received from options exercised	244,625
Tax benefit realized from options exercised	53,631
Weighted average fair value of options granted

Stock Based Compensation (Det68

Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Nonvested Shares	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Granted
Nonvested [Member]
Beginning balance	96,902
Granted	72,920
Vested	(55,648)
Forfeited/cancelled/expired	(1,000)
Ending balance	113,174
Beginning balance | $ / shares	$ 16.81
Granted | $ / shares	15.88
Vested | $ / shares	16.01
Forfeited/cancelled/expired | $ / shares	19.58
Ending balance | $ / shares	$ 16.81

Stock Based Compensation (Det69

Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Unearned Shares	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Beginning balance	535,906
Awarded
Ending balance	452,161
Unearned [Member]
Beginning balance	87,038
Awarded	52,713
Forfeited	(7,447)
Expired
Ending balance	132,304
Beginning balance | $ / shares	$ 19.46
Awarded | $ / shares	17.15
Forfeited | $ / shares	19.46
Expired | $ / shares
Ending balance | $ / shares	$ 18.60

Components of Net Periodic Pe70

Components of Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Components Of Net Periodic Pension Cost Details
Interest cost	$ 129	$ 129	$ 257	$ 267
Expected return on plan assets	(155)	(127)	(291)	(264)
Net amortization	102	108	204	216
Recognized settlement loss		115		565
Net periodic pension cost	76	225	170	784
Amortization of actuarial loss		(261)	(101)	(1,003)
Total recognized in other comprehensive income		(261)	(101)	(1,003)
Total recognized in net expense and OCI (before tax)	76	$ (36)	$ 69	$ (219)
Defined Benefit Plan, Contributions by Employer	$ 2,000

FHLB and other borrowings (Deta

FHLB and other borrowings (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)Integer
Number of Federal Home Loan Bank Notes | Integer	3
Long-term Line of Credit	$ 1,200
Line of Credit Facility, Remaining Borrowing Capacity	731,000
Federal Home Loan Bank Note One [Member]
Extinguishment of Debt, Amount	$ 2,500
Debt Instrument, Maturity Date	Apr. 2, 2018
Federal Home Loan Bank Note Two [Member]
Extinguishment of Debt, Amount	$ 7,500
Debt Instrument, Maturity Date	Apr. 2, 2018
Federal Home Loan Bank Note Three [Member]
Extinguishment of Debt, Amount	$ 5,000
Debt Instrument, Maturity Date	Jul. 16, 2018

FHLB and other borrowings (De72

FHLB and other borrowings (Details) - Schedule of components of FHLB and other borrowings and weighted average interest rates - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
By type of borrowing:
FHLB and other borrowings (in Dollars)	$ 496,414	$ 671,587
Weighted average interest rates	1.66%	1.37%
By remaining period to maturity:
One year or less (in Dollars)	$ 225,414	$ 270,587
One year or less	0.62%	0.64%
One to two years (in Dollars)	$ 91,000	$ 171,000
One to two years	1.45%	1.56%
Two to three years (in Dollars)	$ 115,000	$ 130,000
Two to three years	1.85%	1.84%
Three to four years (in Dollars)	$ 25,000	$ 35,000
Three to four years	1.85%	1.60%
Four to five years (in Dollars)	$ 40,000	$ 65,000
Four to five years	3.43%	2.82%
Federal Home Loan Bank Advances [Member]
By type of borrowing:
FHLB and other borrowings (in Dollars)	$ 481,414	$ 656,587
Weighted average interest rates	1.53%	1.26%
Repurchase Agreements ("REPO") [Member]
By type of borrowing:
FHLB and other borrowings (in Dollars)	$ 15,000	$ 15,000
Weighted average interest rates	5.95%	5.95%

Securities Sold under Agreeme73

Securities Sold under Agreements to Repurchase (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Securities carrying amount	$ 19,300	$ 18,800
Minimum [Member]
Percentage by which fair value of pledged securities must meet or exceed gross outstanding balance	8.00%

Securities Sold under Agreeme74

Securities Sold under Agreements to Repurchase (Details) - Schedule of repurchase agreements - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Securities Sold under Agreements to Repurchase [Abstract]
Average daily balance during the year-to-date	$ 15,000	$ 31,000	$ 22,890
Average interest rate during the year-to-date	5.95%	5.90%	5.92%
Maximum month-end balance during the year-to-date	$ 15,000	$ 31,000	$ 31,000
Weighted average interest rate during the year-to-date	5.95%	5.90%	5.92%

Securities Sold under Agreeme75

Securities Sold under Agreements to Repurchase (Details) - Schedule of remaining contractual maturity - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Total Borrowings	$ 19,338	$ 18,902
Amounts related to agreements not included in offsetting disclosure in Note 13	4,338	3,902
US Treasury Securities [Member]
Total Borrowings	5,158	6,313
Residential Mortgage Backed Securities [Member]
Total Borrowings	14,180	12,589
Overnight and Continuous [Member]
Total Borrowings
Overnight and Continuous [Member] | US Treasury Securities [Member]
Total Borrowings
Overnight and Continuous [Member] | Residential Mortgage Backed Securities [Member]
Total Borrowings
Upto 30 Days [Member]
Total Borrowings
Upto 30 Days [Member] | US Treasury Securities [Member]
Total Borrowings
Upto 30 Days [Member] | Residential Mortgage Backed Securities [Member]
Total Borrowings
30 - 90 Days [Member]
Total Borrowings
30 - 90 Days [Member] | US Treasury Securities [Member]
Total Borrowings
30 - 90 Days [Member] | Residential Mortgage Backed Securities [Member]
Total Borrowings
Greater Than 90 Days[Member]
Total Borrowings	19,338	18,902
Greater Than 90 Days[Member] | US Treasury Securities [Member]
Total Borrowings	5,158	6,313
Greater Than 90 Days[Member] | Residential Mortgage Backed Securities [Member]
Total Borrowings	$ 14,180	$ 12,589

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016
Fixed-to-floating Rate Subordinated Notes [Member]
Subordinated Debentures (Details) [Line Items]
Proceeds from Issuance of Debt	$ 50,000
Debt Instrument, Term	5 years
Debt Instrument, Maturity Date	Jul. 1, 2025
Debt Instrument, Interest Rate, Stated Percentage	5.75%
Debt Instrument, Description of Variable Rate Basis	three-month LIBOR rate plus 393 basis points
Debt Issuance Cost	$ 714
Subordinated Debt from Trust [Member]
Subordinated Debentures (Details) [Line Items]
Value of subordinated debentures received by Trust		$ 5,200
Percentage Rate Added to Libor		2.85%
Floating interest rate on subordinated debentures		3.49%

Subordinated Debentures (Deta77

Subordinated Debentures (Details) - Schedule of Subordinated Borrowing - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Schedule of Subordinated Borrowing [Abstract]
Issuance Date	Dec. 19, 2003	Dec. 19, 2003
Securities Issued	$ 5,000	$ 5,000
Liquidation Value	$1,000 per Capital Security	$1,000 per Capital Security
Coupon Rate	Floating 3-month LIBOR + 285 Basis Points	Floating 3-month LIBOR + 285 Basis Points
Maturity	Jan. 23, 2034	Jan. 23, 2034
Redeemable by Issuer Beginning	Jan. 23, 2009	Jan. 23, 2009

Offsetting Assets and Liabili78

Offsetting Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Gross Amounts Recognized, Total	$ 16,856	$ 15,131
Gross Amounts Offset in the Statement of Financial Position, Total
Net Amounts of Assets Presented in the Statement of Financial Position, Total	16,856	15,131
Financial Instruments Recognized, Total
Cash or Financial Instrument Collateral, Total	16,856	15,131
Net Amount, Total
Repurchase Agreements ("REPO") [Member]
Gross Amounts Recognized, Liabilities	15,000	15,000
Gross Amounts Offset in the Statement of Financial Position, Liabilities
Net Amounts of Assets Presented in the Statement of Financial Position, Liabilities	15,000	15,000
Financial Instruments Recognized, Liabilities
Cash or Financial Instrument Collateral, Liabilities	15,000	15,000
Net Amount, Liabilities
Interest Rate Swap [Member]
Gross Amounts Recognized, Assets		48
Gross Amounts Offset in the Statement of Financial Position
Net Amounts of Assets Presented in the Statement of Financial Position, Assets
Financial Instruments Recognized, Assets
Cash or Financial Instrument Collateral, Assets
Net Amount, Assets
Gross Amounts Recognized, Liabilities	1,856	131
Gross Amounts Offset in the Statement of Financial Position, Liabilities
Net Amounts of Assets Presented in the Statement of Financial Position, Liabilities	1,856	131
Financial Instruments Recognized, Liabilities
Cash or Financial Instrument Collateral, Liabilities	1,856	131
Net Amount, Liabilities

Presentation of Debt Issuance79

Presentation of Debt Issuance Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other assets	$ 29,747	$ 24,096
Total assets	4,262,914	4,015,909
Subordinated debentures	54,441	54,343
Total liabilities	$ 3,778,500	3,538,565
As previously reported [Member]
Other assets		24,908
Total assets		4,016,721
Subordinated debentures		55,155
Total liabilities		3,539,377
As reported under the new guidance [Member]
Other assets		24,096
Total assets		4,015,909
Subordinated debentures		54,343
Total liabilities		$ 3,538,565