ConnectOne Bancorp (CNOB) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 06, 2020
Document And Entity Information
Entity Central Index Key	0000712771
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2020
Entity File Number	000-11486
Entity Registrant Name	CONNECTONE BANCORP, INC.
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	52-1273725
Entity Address, Address Line One	301 Sylvan Avenue
Entity Address, City or Town	Englewood Cliffs
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07632
City Area Code	201
Local Phone Number	816-8900
Entity Information, Former Legal or Registered Name	N/A
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock
Trading Symbol	CNOB
Name of Exchange on which Security is Registered	NASDAQ
Entity Common Stock, Shares Outstanding		39,764,051

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 59,422	$ 65,717
Interest-bearing deposits with banks	196,697	135,766
Cash and cash equivalents	256,119	201,483
Securities available-for-sale	453,015	404,701
Equity securities	13,400	11,185
Loans held-for-sale	8,508	33,250
Loans receivable	6,251,051	5,113,527
Less: Allowance for loan losses	74,267	38,293
Net loans receivable	6,176,784	5,075,234
Investment in restricted stock, at cost	28,713	27,397
Bank premises and equipment, net	29,922	19,236
Accrued interest receivable	34,326	20,949
Bank owned life insurance	165,676	137,961
Right of use operating lease assets	22,830	15,137
Goodwill	208,372	162,574
Core deposit intangibles	11,605	5,460
Other assets	40,289	59,465
Total assets	7,449,559	6,174,032
Deposits:
Noninterest-bearing	1,270,021	861,728
Interest-bearing	4,528,735	3,905,814
Total deposits	5,798,756	4,767,542
Borrowings	506,225	500,293
Operating lease liabilities	26,726	16,449
Subordinated debentures, net of debt issuance costs	202,552	128,885
Other liabilities	24,564	29,673
Total liabilities	6,558,823	5,442,842
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred Stock: Authorized 5,000,000 shares
Common stock, no par value: Authorized 50,000,000 shares; issued 42,412,684 shares as of September 30, 2020 and 37,676,006 shares as of December 31, 2019; outstanding 39,754,051 shares as of September 30, 2020 and 35,072,067 as of December 31, 2019	586,946	468,571
Additional paid-in capital	22,867	21,344
Retained earnings	309,893	271,782
Treasury stock, at cost 2,658,633 common shares as of September 30, 2020 and 2,603,940 as of December 31, 2019	(30,271)	(29,360)
Accumulated other comprehensive income (loss)	1,301	(1,147)
Total stockholders' equity	890,736	731,190
Total liabilities and stockholders' equity	$ 7,449,559	$ 6,174,032

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	42,412,684	37,676,006
Common stock, shares outstanding	39,754,051	35,072,067
Treasury Stock, Shares	2,658,633	2,603,940

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest income
Interest and fees on loans	$ 74,755	$ 66,796	$ 223,488	$ 190,646
Interest and dividends on investment securities:
Taxable	1,305	1,916	5,083	7,431
Tax-exempt	688	897	2,148	3,105
Dividends	426	502	1,268	1,369
Interest on federal funds sold and other short-term investments	47	278	625	925
Total interest income	77,221	70,389	232,612	203,476
Interest expense
Deposits	11,947	17,351	42,756	49,298
Borrowings	4,725	4,632	13,236	15,290
Total interest expense	16,672	21,983	55,992	64,588
Net interest income	60,549	48,406	176,620	138,888
Provision for loan losses	5,000	2,000	36,000	7,600
Net interest income after provision for loan losses	55,549	46,406	140,620	131,288
Noninterest income
Income on bank owned life insurance	1,598	915	3,693	2,570
Net gains on sale of loans held-for-sale	614	278	1,244	343
Deposit, loan and other income	1,278	1,116	5,777	2,816
Net (losses) gains on equity securities	(7)	79	215	340
Net (losses) gains on sales of securities available-for-sale		(279)	29	(280)
Total noninterest income	3,483	2,109	10,958	5,789
Noninterest expenses
Salaries and employee benefits	15,144	12,420	44,266	36,168
Occupancy and equipment	3,566	2,480	10,193	7,332
FDIC insurance	1,105	(364)	3,054	1,216
Professional and consulting	1,926	1,499	5,173	4,078
Marketing and advertising	214	473	944	1,080
Data processing	1,470	1,058	4,529	3,352
Merger and restructuring expenses		191	14,640	8,084
Loss on extinguishment of debt				1,047
Amortization of core deposit intangibles	627	340	1,931	1,068
Increase in value of acquisition price			2,333
Other components of net periodic pension (income) expense	(30)	29	(89)	86
Other expenses	2,456	2,253	7,625	6,520
Total noninterest expenses	26,478	20,379	94,599	70,031
Income before income tax expense	32,554	28,136	56,979	67,046
Income tax expense	7,768	6,440	11,331	14,434
Net income	$ 24,786	$ 21,696	$ 45,648	$ 52,612
Earnings per common share:
Basic	$ 0.62	$ 0.61	$ 1.15	$ 1.49
Diluted	$ 0.62	$ 0.61	$ 1.15	$ 1.48

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 24,786	$ 21,696	$ 45,648	$ 52,612
Unrealized gains and losses:
Unrealized holding gains on available-for-sale securities arising during the period	703	2,236	5,532	11,821
Tax effect	(160)	(584)	(1,459)	(3,061)
Net of tax	543	1,652	4,073	8,760
Reclassification adjustment for realized losses (gains) included in net income		279	(29)	280
Tax effect		(62)	6	(62)
Net of tax		217	(23)	218
Unrealized losses on cash flow hedges	(82)	(49)	(3,397)	(977)
Tax effect	42	27	955	309
Net of tax	(40)	(22)	(2,442)	(668)
Reclassification adjustment for realized losses (gains) included in net income	631	(204)	942	(563)
Tax effect	(196)	46	(265)	125
Net of tax	435	(158)	677	(438)
Unrealized pension plan gains and losses:
Unrealized pension plan losses before reclassifications				(562)
Tax effect				158
Net of tax				(404)
Reclassification adjustment for amortization included in net income	75	90	226	269
Tax effect	(21)	(26)	(63)	(76)
Net of tax	54	64	163	193
Total other comprehensive income	992	1,753	2,448	7,661
Total comprehensive income	$ 25,778	$ 23,449	$ 48,096	$ 60,273

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 (Loss) Income [Member]	Total
Balance at Dec. 31, 2018		$ 412,546	$ 15,542	$ 211,345	$ (16,717)	$ (8,789)	$ 613,927
Net income				52,612			52,612
Other comprehensive income net of tax						7,661	7,661
Cash dividends declared on common stock				(9,798)			(9,798)
Exercise of stock options			265				265
Restricted stock grants, net of forfeitures
Net shares issued in satisfaction of restricted stock units earned
Repurchase of treasury stock					(5,175)		(5,175)
Stock issued in acquisition of Greater Hudson Bank		56,025					56,025
Net shares issued in satisfaction of performance units earned			196				196
Restricted stock issued shares in acquisition of BoeFly, LLC			2,500				2,500
Stock-based compensation			1,947				1,947
Balance at Sep. 30, 2019		468,571	20,450	254,159	(21,892)	(1,128)	720,160
Balance at Jun. 30, 2019		468,571	19,777	235,649	(21,892)	(2,881)	699,224
Net income				21,696			21,696
Other comprehensive income net of tax						1,753	1,753
Cash dividends declared on common stock				(3,186)			(3,186)
Restricted stock grants, net of forfeitures
Stock-based compensation			673				673
Balance at Sep. 30, 2019		468,571	20,450	254,159	(21,892)	(1,128)	720,160
Balance at Dec. 31, 2019		468,571	21,344	271,782	(29,360)	(1,147)	731,190
Net income				45,648			45,648
Other comprehensive income net of tax						2,448	2,448
Cash dividends declared on common stock				(7,537)			(7,537)
Exercise of stock options			163				163
Restricted stock grants, net of forfeitures
Stock grants issued
Net shares issued in satisfaction of restricted stock units earned
Share redemption for tax withholdings on performance units and restricted stock units earned			(639)				(639)
Repurchase of treasury stock					(911)		(911)
Stock issued in acquisition of Bancorp of New Jersey		118,375					118,375
Net shares issued in satisfaction of performance units earned
Stock-based compensation			1,999				1,999
Balance at Sep. 30, 2020		586,946	22,867	309,893	(30,271)	1,301	890,736
Balance at Jun. 30, 2020		586,946	22,069	288,688	(30,271)	309	867,741
Net income				24,786			24,786
Other comprehensive income net of tax						992	992
Cash dividends declared on common stock				(3,581)			(3,581)
Restricted stock grants, net of forfeitures
Stock-based compensation			798				798
Balance at Sep. 30, 2020		$ 586,946	$ 22,867	$ 309,893	$ (30,271)	$ 1,301	$ 890,736

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Cash dividends declared on common stock (in Dollars per share)	$ 0.09	$ 0.09	$ 0.18	$ 0.27
Exercise of stock options, shares			25,413	28,937
Restricted stock and performance units grants, shares	1,018	11,979	68,531	64,459
Restricted stock units, shares			$ 16,541	$ 4,904
Net performance units issued			22,402	26,517
Repurchase of treasury stock			54,693	240,018
Restricted stock issued, Shares				119,008
Stock grants issued			1,340
Greater Hudson Bank [Member]
Stock issued in acquisition			4,602,450	3,032,496

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities
Net income	$ 45,648	$ 52,612
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	3,102	2,333
Provision for loan losses	36,000	7,600
Amortization of intangibles	1,931	1,068
Net accretion of loans	(5,225)	(3,790)
Accretion on bank premises	(68)	(65)
Accretion on deposits	(3,568)	(917)
(Accretion) amortization on borrowings, net	(139)	166
Stock-based compensation	1,999	2,143
(Gains) losses on sales of securities available-for-sale, net	(29)	280
Gains on equity securities, net	(215)	(340)
Gains on sales of loans held-for-sale, net	(1,244)	(343)
Loans originated for resale	(34,328)	(11,807)
Proceeds from sale of loans held-for sale	51,367	10,552
Loss on extinguishment of debt		1,047
Increase in cash surrender value of bank owned life insurance	(3,693)	(2,570)
Amortization of premiums and accretion of discounts on securities available-for-sale, net	4,000	3,069
Amortization of subordinated debentures issuance costs	247	246
Increase in accrued interest receivable	(10,467)	(376)
Net change in operating leases	2,071	1,359
Decrease in other assets	18,117	2,483
Decrease in other liabilities	(5,750)	(1,396)
Net cash provided by operating activities	99,756	63,354
Cash flows from investing activities
Purchases	(222,062)	(203,494)
Sales	19,624	183,728
Maturities, calls and principal repayments	175,729	136,375
Purchases of equity securities	(2,000)
Sales of equity securities		569
Net redemptions (purchases) of restricted investment in bank stocks	1,748	3,190
Payments on loans held-for-sale	204
Net increase in loans	(348,861)	(239,012)
Purchases of bank owned life insurance	(25,000)	(10,000)
Purchases of premises and equipment	(894)	(1,336)
Proceeds from life insurance death benefits	978
Proceeds from sale of OREO	992
Cash and cash equivalents acquired in acquisition	111,368	13,741
Cash consideration paid in acquisition	(23,977)	(2,530)
Net cash used in investing activities	(312,151)	(118,769)
Cash flows from financing activities
Net increase in deposits	249,404	243,949
Increase in subordinated debentures	73,420
Advances of borrowings	1,476,489	1,576,000
Repayments of borrowings	(1,520,160)	(1,728,944)
Repurchase of treasury stock	(911)	(5,175)
Cash dividends paid on common stock	(10,735)	(9,037)
Proceeds from exercise of stock options	163	265
Share redemption for tax withholdings on performance units and restricted stock units earned	(639)
Net cash provided by financing activities	267,031	77,058
Net change in cash and cash equivalents	54,636	21,643
Cash and cash equivalents at beginning of period	201,483	172,366
Cash and cash equivalents at end of period	256,119	194,009
Cash payments for:
Interest paid on deposits and borrowings	59,231	67,443
Income taxes	19,117	13,199
Investing:
Transfer of loans to other real estate owned		907
Transfer of loans from held-for-investment to held-for-sale	10,995	31,647
Transfer of loans from held-for-sale to held-for-investment	19,738
Business combinations:
Fair value of assets acquired	949,282	534,146
Fair value of liabilities assumed	$ 852,729	$ 488,475

Nature of Operations, Principle

Nature of Operations, Principles of Consolidation and Risk and Uncertainties	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations, Principles of Consolidation and Risk and Uncertainties	Note 1a. Nature of Operations, Principles of Consolidation and Risk and Uncertainties Nature of Operations ConnectOne Bancorp, Inc. (the “Parent Corporation”) is incorporated under the laws of the State of New Jersey and is a registered bank holding company. The Parent Corporation’s business currently consists of the operation of its wholly-owned subsidiary, ConnectOne Bank (the “Bank” and, collectively with the Parent Corporation and the Parent Corporation’s subsidiaries, the “Company”). The Bank’s subsidiaries include Union Investment Co. (a New Jersey investment company), Twin Bridge Investment Co. (a New Jersey investment company), ConnectOne Preferred Funding Corp. (a New Jersey real estate investment trust), Center Financial Group, LLC (a New Jersey financial services company), Center Advertising, Inc. (a New Jersey advertising company), Morris Property Company, LLC, (a New Jersey limited liability company), Volosin Holdings, LLC, (a New Jersey limited liability company), NJCB Spec-1, LLC (a New Jersey limited liability company) and BoeFly, Inc. (a New Jersey online business lending marketplace). 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-seven other banking offices. Substantially all loans are secured with various types of collateral, including business assets, consumer assets and commercial/residential real estate. Each borrower’s ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrowers’ business, real estate rental and consumer wages. 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 and nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2020, or for any other interim period. The Company’s 2019 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements. Principals of Consolidation 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. Use of Estimates 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. Risks and Uncertainties As previously disclosed on March 11, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act Federal Reserve reductions in interest rates and other effects of the COVID-19 pandemic may adversely affect the Company's financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is reasonably possible that estimates made in the financial statements could be materially and adversely impacted in the near term as a result of these conditions, including the determination of the allowance for loan losses, fair value of financial instruments, impairment of goodwill and other intangible assets and income taxes.

Authoritative Accounting Guidan

Authoritative Accounting Guidance	9 Months Ended
	Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Authoritative Accounting Guidance	Note 1b. Authoritative Accounting Guidance Adoption of New Accounting Standards in 2020 ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” ASU No. 2017-08, “ Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities ASU 2018-13, “ Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement ASU 2018-15, “ Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. Newly Issued, But Not Yet Effective Accounting Standards In June 2016, the FASB issued guidance related to credit losses on financial instruments. This update, commonly referred to as the current expected credit losses methodology (“CECL”), will change the accounting for credit losses on loans and debt securities. Under the new guidance, the Company’s measurement of expected credit losses is to be based on information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. For loans, this measurement will take place at the time the financial asset is first added to the balance sheet and periodically thereafter. This differs significantly from the “incurred loss” model previously required, but still permitted, under GAAP, which delays recognition until it is probable a loss has been incurred. ASU 2016-13 was effective, subject to optional delay discussed below, for the Company on January 1, 2020. In accordance with the accounting relief provisions of the CARES Act, as it currently stands, the Company elected to delay the adoption of FASB’s new standard covering the CECL until the earlier of the termination date of the national emergency declared by President Trump on March 13, 2020 under the National Emergencies Act, related to the outbreak of COVID-19, and December 31, 2020. Management reached this decision due to the complexities of CECL loan loss forecasting exacerbated by the quickly changing economic environment resulting from the COVID-19 pandemic. Once the delay provision has been terminated, adoption will be retroactive to January 1, 2020. During 2019, the Company implemented the CECL methodology and ran it concurrently with the historical incurred method. While the Company has not finalized the impact of implementing CECL, the Company expects to recognize a one-time cumulative effect adjustment to the allowance and beginning retained earnings, net of tax, upon adoption. The future impact of CECL on the Company’s allowance for credit losses and provision expense subsequent to the initial adoption will depend on changes in the loan portfolio, economic conditions and refinements to key assumptions including forecasting and qualitative factors. The Company measured its allowance under its current incurred loan loss model as of September 30, 2020. 11 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 1b. Authoritative Accounting Guidance – (continued) ASU 2018-14, “ Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2020
Business combinations:
Business Combination	Note 2. Business Combination Bancorp of New Jersey, Inc. On January 2, 2020, Bancorp of New Jersey, Inc. (“BNJ”) merged with and into the Company, with the Company as the surviving entity. As a result of the merger, the Company acquired nine branch offices all located in Bergen County, New Jersey. Subject to the allocation and proration procedures set forth in the merger agreement, holders of BNJ common stock had the right to elect, with respect to each share of BNJ common stock, to receive either (i) $16.25 in cash or (ii) 0.780 of a share of Company common stock (plus cash in lieu of any fractional shares of Company common stock to which such holder would otherwise be entitled). The allocation and proration procedures set forth in the merger agreement required that approximately 20% of the shares of BNJ common stock be converted into cash and the remaining approximately 80% of BNJ common shares be converted into shares of the Company’s common stock. The acquisition of BNJ was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed and consideration paid were recorded at their estimated fair values as of the acquisition date. The application of the acquisition method of accounting resulted in the recognition of goodwill of $45.8 million and a core deposit intangible of $8.1 million. The assets acquired and liabilities assumed and consideration paid in the acquisition of BNJ were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition and are subject to adjustment for up to one year after the closing date of the acquisition. While the fair values are not expected to be materially different from the estimates, accounting guidance provides that an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period, which runs through January 2, 2021, in the measurement period in which the adjustment amounts are determined. The acquirer must record in the financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the changes to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The items most susceptible to adjustment are the credit fair value adjustments on loans, core deposit intangible and the deferred income tax assets resulting from the acquisition. As of September 30, 2020 there were no material changes to the provisional fair value adjustments recorded on January 2, 2020. 12 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 2. Business Combinations – (continued) In connection with the acquisition, the consideration paid and the fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition are summarized in the following table: Estimated Fair Value at January 2, 2020 (in thousands) Consideration paid: Common stock issued in acquisition $ 118,375 Cash paid in acquisition 23,977 Total consideration paid: 142,352 Assets acquired: Cash and cash equivalents 111,368 Securities available-for-sale 20,073 Loans, net 774,720 Premises and equipment, net 12,826 Accrued interest receivable 2,910 Core deposit intangibles 8,076 Other assets 19,309 Total assets acquired 949,282 Liabilities assumed: Deposits 785,378 Borrowings 49,742 Other liabilities 17,609 Total liabilities assumed 852,729 Net assets acquired 96,553 Goodwill recorded in acquisition $ 45,799 The amount of goodwill recorded represents the excess purchase price over the estimated fair value of the net assets acquired by the Company and reflects the economies of scale, increased market share and lending capabilities, greater access to best-in-class banking technology, and related synergies that are expected to result from the acquisition. Loans acquired in the BNJ acquisition were recorded at fair value, and there was no carryover related allowance for loan losses. The fair values of loans acquired from BNJ were estimated based on the value of the expected cash flows, which were projected based on the contractual terms of the loans, including both maturity and contractual amortization. The monthly principal and interest cash flows were adjusted for expected losses and prepayments, where appropriate. Projected cash flows were then discounted to present value using a discount rate developed based on the relative risk of the cash flows, considering the loan type, liquidity risk, the maturity of the loans, servicing costs and a required return on capital. The following is a summary of the loans accounted for in accordance with ASC 310-30 that were acquired in the BNJ acquisition as of the Merger date: Estimated Fair Value at January 2, 2020 (in thousands) Contractually required principal and interest acquisition $ 14,416 Contractual cash flows not expected to be collected (non-accretable discount) (2,111 ) Expected cash flows at acquisition 12,305 Interest component of expected cash flows (accretable discount) (605 ) Fair value of acquired loans $ 11,700 13 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 2. Business Combinations – (continued) Goodwill related to BNJ is not amortized for book purposes; however, it is reviewed at least annually for impairment and is not deductible for tax purposes. The fair value of retail demand and interest-bearing deposit accounts was assumed to approximate the carrying value as those accounts have no stated maturity and are payable on demand. The fair value of time deposits was estimated by discounting the contractual future cash flows using market rates offered for time deposits of similar remaining maturities. The fair value of borrowed funds was estimated by discounting the future cash flows using market rates for similar borrowings. Direct acquisition and integration costs of the BNJ acquisition were expensed as incurred. These items were recorded as merger expenses on the consolidated statement of income. During the three and nine months ended September 30, 2020, merger expenses related to the BNJ acquisition were $-0- and $11.6 million, respectively.

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Sep. 30, 2020
Earnings per common share:
Earnings per Common Share	Note 3. Earnings per Common Share Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) No. 260-10-45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities. Earnings per common share have been computed based on the following: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except for per share data) 2020 2019 2020 2019 Net income $ 24,786 $ 21,696 $ 45,648 $ 52,612 Earnings allocated to participating securities (133 ) (117 ) (218 ) (176 ) Income attributable to common stock $ 24,653 $ 21,579 $ 45,430 $ 52,436 Weighted average common shares outstanding, including participating securities 39,656 35,307 39,624 35,317 Weighted average participating securities (119 ) (141 ) (125 ) (65 ) Weighted average common shares outstanding 39,537 35,166 39,499 35,252 Incremental shares from assumed conversions of options, performance units and non-participating restricted shares 117 97 111 82 Weighted average common and equivalent shares outstanding 39,654 35,263 39,610 35,334 Earnings per common share: Basic $ 0.62 $ 0.61 $ 1.15 $ 1.49 Diluted 0.62 0.61 1.15 1.48 There were no antidilutive share equivalents as of September 30, 2020 and September 30, 2019.

Securities Available-for-Sale

Securities Available-for-Sale	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Securities Available-for-Sale	Note 4. Securities Available-for-Sale The Company’s investment securities are all classified as available-for-sale as of September 30, 2020 and December 31, 2019. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in stockholders’ equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value as of September 30, 2020 and December 31, 2019. 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. The following tables present information related to the Company’s portfolio of securities available-for-sale as of September 30, 2020 and December 31, 2019. Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value September 30, 2020 (dollars in thousands) Securities available-for-sale Federal agency obligations $ 44,431 $ 1,768 $ (54 ) $ 46,145 Residential mortgage pass-through  securities 238,193 4,166 (135 ) 242,224 Commercial mortgage pass-through  securities 6,176 213 (142 ) 6,247 Obligations of U.S. states and political subdivisions 124,790 3,649 (43 ) 128,396 Corporate bonds and notes 24,916 256 (369 ) 24,803 Asset-backed securities 5,023 - (155 ) 4,868 Certificates of deposit 149 2 - 151 Other securities 181 - - 181 Total securities available-for-sale $ 443,859 $ 10,054 $ (898 ) $ 453,015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value December 31, 2019 (dollars in thousands) Securities available-for-sale Federal agency obligations $ 27,667 $ 612 $ (42 ) $ 28,237 Residential mortgage pass-through  securities 199,611 1,528 (643 ) 200,496 Commercial mortgage pass-through  securities 4,995 37 (35 ) 4,997 Obligations of U.S. states and political subdivisions 134,500 2,411 (392 ) 136,519 Corporate bonds and notes 28,142 285 (45 ) 28,382 Asset-backed securities 5,845 - (65 ) 5,780 Certificates of deposit 148 2 - 150 Other securities 140 - - 140 Total securities available-for-sale $ 401,048 $ 4,875 $ (1,222 ) $ 404,701 15 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 4. Securities Available-for-Sale – (continued) Investment securities available-for-sale having a carrying value of approximately $107.1 million and $111.5 million as of September 30, 2020 and December 31, 2019, respectively, were pledged to secure public deposits, borrowings, repurchase agreements, Federal Reserve Discount Window borrowings and Federal Home Loan Bank advances and for other purposes required or permitted by law. As of September 30, 2020 and December 31, 2019, 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. The following table presents information for investments in securities available-for-sale as of September 30, 2020, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately. September 30, 2020 Amortized Fair Cost Value (dollars in thousands) Securities available-for-sale: Due in one year or less $ 5,947 $ 5,982 Due after one year through five years 23,657 23,651 Due after five years through ten years 21,837 22,345 Due after ten years 147,868 152,385 Residential mortgage pass-through securities 238,193 242,224 Commercial mortgage pass-through securities 6,176 6,247 Other securities 181 181 Total securities available-for-sale $ 443,859 $ 453,015 Gross gains and losses from the sales of securities for periods presented were as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2020 2019 2020 2019 Proceeds $ - $ 33,432 $ 19,624 $ 183,728 Gross gains on sales of securities - 1 29 401 Gross losses on sales of securities - (280 ) - (681 ) Net losses on sales of securities - (279 ) 29 (280 ) Less: tax provision on net losses - 62 (6 ) 62 Net losses on sales of securities, after tax $ - $ (217 ) $ 23 $ (218 ) 16 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 4. Securities Available-for-Sale – (continued) Other-than-Temporarily Impaired Investments 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 a 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 any of the unrealized losses, which were comprised of 32 and 53 securities as of September 30, 2020 and December 31, 2019, respectively, represent an other-than-temporary impairment (“OTTI”). The gross unrealized losses associated with U.S. Treasury and agency securities, federal agency obligations, mortgage-backed securities, corporate bonds, tax-exempt securities, and asset-backed securities are not considered to be other-than-temporary because these unrealized losses are related to changes in interest rates and credit spreads and do not affect the expected cash flows of the underlying collateral or issuer. Factors which may contribute to unrealized losses include credit risk, market risk, changes in 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 the securities portfolio including limits on concentrations to any one issuer. The Company believes the securities portfolio is prudently diversified. The unrealized losses included in the tables below are primarily related to changes in interest rates and credit spreads. All of the Company’s securities are performing and are expected to continue to perform in accordance with their respective contractual terms and conditions. These are largely intermediate duration holdings and, in certain cases, monthly principal payments can further reduce loss exposure resulting from an increase in rates. In determining whether or not securities are OTTI, 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 OTTI 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, a security is subject to numerous risks as cited above. 17 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 4. Securities Available-for-Sale – (continued) 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 as of September 30, 2020 and December 31, 2019. September 30, 2020 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 $ 13,305 $ (54 ) $ 13,299 $ (54 ) $ 6 $ - Residential mortgage pass-through securities 70,465 (135 ) 70,455 (135 ) 10 - Commercial mortgage pass-through securities 4,016 (142 ) 4,016 (142 ) - - Obligations of U.S. states and political subdivisions 8,468 (43 ) 8,468 (43 ) - - Corporate bonds and notes 5,610 (369 ) 5,610 (369 ) - - Asset-backed securities 4,868 (155 ) 1,288 (38 ) 3,580 (117 ) Total temporarily impaired securities $ 106,732 $ (898 ) $ 103,136 $ (781 ) $ 3,596 $ (117 ) December 31, 2019 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 $ 6,512 $ (42 ) $ 6,498 $ (42 ) $ 14 $ - Residential mortgage pass-through securities 94,980 (643 ) 49,154 (179 ) 45,826 (464 ) Commercial mortgage pass-through securities 2,006 (35 ) 2,006 (35 ) - - Obligations of U.S. states and political subdivisions 34,775 (392 ) 10,306 (8 ) 24,469 (384 ) Corporate bonds and notes 5,437 (45 ) 2,478 (23 ) 2,959 (22 ) Asset-backed securities 5,718 (65 ) 2,268 (22 ) 3,450 (43 ) Total Temporarily Impaired Securities $ 149,428 $ (1,222 ) $ 72,710 $ (309 ) $ 76,718 $ (913 )

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2020
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 April 13, 2017, January 27, 2020 and March 3, 2020 each with a respective notional amount of $25.0 million and were designated as a cash flow hedge of a Federal Home Loan Bank (“FHLB”) advance. In addition, interest rate swaps were entered into on June 4, 2019 and August 6, 2019, each with a respective notional amount of $50.0 million and were designated as a cash flow hedge 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. Therefore, 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. 18 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Derivatives – (continued) Summary information about the interest rate swaps designated as cash flow hedges as of September 30, 2020, December 31, 2019 and September 30, 2019 are presented in the following table. September 30, December 31, September 30, 2020 2019 2019 (dollars in thousands) Notional amount $ 175,000 $ 150,000 $ 175,000 Weighted average pay rates 1.69 % 1.82 % 1.83 % Weighted average receive rates 1.03 % 2.37 % 2.53 % Weighted average maturity 1.1 years 1.5 years 1.5 years Fair value $ (2,728 ) $ (273 ) $ (380 ) Interest expense recorded on these swap transactions totaled approximately $631 thousand and $942 thousand during the three and nine months ended September 30, 2020, respectively, compared to $(204) thousand and $(563) thousand during the three and nine months ended September 30, 2019, respectively, and is reported as a component of interest expense on FHLB Advances. Cash Flow Hedge The following table presents the net losses recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods: Nine Months Ended September 30, 2020 Amount of gain Amount of (gain) Amount of gain (loss) recognized loss reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (3,397 ) $ 942 $ - Nine Months Ended September 30, 2019 Amount of gain Amount of gain Amount of gain (loss) recognized (loss) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (976 ) $ (563 ) $ - The following table reflects the cash flow hedges included in the consolidated statements of condition as of September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Notional Notional Amount Fair Value Amount Fair Value (dollars in thousands) Interest rate swaps related to FHLB advances included in assets $ 175,000 $ (2,728 ) $ 150,000 $ (273)

Loans and the Allowance for Loa

Loans and the Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Loans and the Allowance for Loan Losses	Note 6. Loans and the Allowance for Loan Losses Loans Receivable - September 30, December 31, 2020 2019 (dollars in thousands) Commercial (1) $ 1,631,434 $ 1,129,661 Commercial real estate 3,672,462 3,041,959 Commercial construction 614,112 623,326 Residential real estate 343,376 320,020 Consumer 1,876 3,328 Gross loans 6,263,260 5,118,294 Net deferred loan fees (12,209 ) (4,767 ) Total loans receivable $ 6,251,051 $ 5,113,527 (1) Includes Paycheck Protection Program ("PPP") loans of $474 million as of September 30, 2020. As of September 30, 2020 and December 31, 2019, loan balances of approximately $2.7 billion and $2.5 billion, respectively, were pledged to secure borrowings from the FHLB of New York. Loans held-for-sale - September 30, December 31, 2020 2019 (dollars in thousands) Commercial $ - $ 2,285 Commercial real estate 6,460 30,965 Residential real estate 2,048 - Total carrying amount $ 8,508 $ 33,250 Purchased Credit-Impaired Loans - September 30, December 31, 2020 2019 (dollars in thousands) Commercial $ 3,868 $ 5,452 Commercial real estate 5,525 1,101 Commercial construction 4,127 - $ 13,520 $ 6,553 For those purchased loans disclosed above, the Company did not increase the allowance for loan losses during either the three months and nine months ended September 30, 2020 or September 30, 2019. There were no reversals from the allowance for loan losses during the three and nine months ended September 30, 2020 or September 30, 2019. 20 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) The following table presents the accretable yield, or income expected to be collected, on the purchased credit-impaired loans for the three and nine months ended September 30, 2020 and September 30, 2019: Three Months Three Months Ended Ended September 30, September 30, 2020 2019 (dollars in thousands) Balance at June 30 $ 1,325 $ 2,213 Accretion of income (124 ) (575 ) Balance as of September 30 $ 1,201 $ 1,638 Nine Months Nine Months Ended Ended September 30, September 30, 2020 2019 (dollars in thousands) Balance as of December 31 $ 1,301 $ 1,134 New loans acquired 605 1,286 Accretion of income (705 ) (782 ) Balance as of September 30 $ 1,201 $ 1,638 Loans Receivable on Nonaccrual Status - September 30, December 31, 2020 2019 (dollars in thousands) Commercial $ 33,108 $ 31,455 Commercial real estate 9,378 8,338 Commercial construction 17,727 6,773 Residential real estate 5,281 2,915 Total nonaccrual loans $ 65,494 $ 49,481 Nonaccrual loans and loans 90 days or greater past due and still accruing included both smaller balance homogeneous loans that are collectively evaluated for impairment and loans individually evaluated for impairment. 21 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) Credit Quality Indicators September 30, 2020 Special Pass Mention Substandard Doubtful Total (dollars in thousands) Commercial $ 1,566,486 $ 20,608 $ 44,340 $ - $ 1,631,434 Commercial real estate 3,637,852 13,419 21,191 - 3,672,462 Commercial construction 583,749 - 30,363 - 614,112 Residential real estate 332,686 - 10,690 - 343,376 Consumer 1,874 - 2 - 1,876 Gross loans $ 6,121,647 $ 34,027 $ 106,586 $ - $ 6,263,260 December 31, 2019 Special Pass Mention Substandard Doubtful Total (dollars in thousands) Commercial $ 1,059,852 $ 22,159 $ 47,650 $ - $ 1,129,661 Commercial real estate 3,014,956 10,301 16,702 - 3,041,959 Commercial construction 604,298 4,609 14,419 - 623,326 Residential real estate 316,476 - 3,544 - 320,020 Consumer 3,328 - - - 3,328 Gross loans $ 4,998,910 $ 37,069 $ 82,315 $ - $ 5,118,294 22 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) The following table provides an analysis of the impaired loans by class as of September 30, 2020 and December 31, 2019. September 30, 2020 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (dollars in thousands) Commercial $ 12,185 $ 12,588 Commercial real estate 12,400 12,696 Commercial construction 21,019 21,490 Residential real estate 3,981 4,311 Total (no related allowance) $ 49,585 $ 51,085 With an allowance recorded Commercial 23,024 68,406 $ 10,000 Commercial real estate 2,722 2,722 1,000 Commercial construction 2,934 2,934 302 Residential real estate 261 261 47 Total (with allowance) $ 28,941 $ 74,323 $ 11,349 Total Commercial $ 35,209 $ 80,994 $ 10,000 Commercial real estate 15,122 15,418 1,000 Commercial construction 23,953 24,424 302 Residential real estate 4,242 4,572 47 Total $ 78,526 $ 125,408 $ 11,349 December 31, 2019 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (dollars in thousands) Commercial $ 37,984 $ 83,225 Commercial real estate 15,249 15,467 Commercial construction 8,649 8,649 Residential real estate 1,311 1,463 Consumer - - Total (no related allowance) $ 63,193 $ 108,804 With an allowance recorded Commercial construction $ 3,530 $ 3,530 $ 1,244 Residential real estate 263 263 23 Total (with allowance) $ 3,793 $ 3,793 $ 1,267 Total Commercial $ 37,984 $ 83,225 $ - Commercial real estate 15,249 15,467 - Commercial construction 12,179 12,179 1,244 Residential real estate 1,574 1,726 23 Consumer - - - Total $ 66,986 $ 112,597 $ 1,267 23 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) 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 nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (dollars in thousands) Impaired loans (no allowance) Commercial $ 12,266 $ 50 $ 41,332 $ 570 $ 12,100 $ 150 $ 41,731 $ 733 Commercial real estate 12,460 74 12,178 79 12,415 229 12,213 221 Commercial construction 21,297 91 6,044 58 21,149 262 6,047 138 Residential real estate 4,011 16 1,552 - 3,761 16 1,579 19 Total $ 50,034 $ 231 $ 61,106 $ 707 $ 49,425 $ 657 $ 61,570 $ 1,111 Impaired loans (allowance): Commercial $ 23,024 $ - $ 392 $ - $ 23,195 $ - $ 393 $ - Commercial real estate 2,722 - 392 - 2,722 - 393 - Commercial construction 2,934 - 6,439 220 2,934 - 6,378 220 Residential real estate 261 5 252 9 262 5 255 9 Total $ 28,941 $ 5 $ 7,083 $ 936 $ 29,113 $ 5 $ 7,026 $ 229 Total impaired loans: Commercial $ 35,290 $ 50 $ 41,332 $ 570 $ 35,295 $ 150 $ 41,731 $ 733 Commercial real estate 15,182 74 12,570 79 15,137 229 12,606 221 Commercial construction 24,231 91 12,483 278 24,083 262 12,425 358 Residential real estate 4,272 21 1,804 9 4,023 21 1,834 28 Total $ 78,975 $ 236 $ 68,189 $ 936 $ 78,538 $ 662 $ 68,596 $ 1,340 Included in impaired loans as of September 30, 2020 and December 31, 2019 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 and loan origination fees, net, when applicable. Cash basis interest and interest income recognized on accrual basis approximate each other. 24 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) Aging Analysis - September 30, 2020 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Gross Loans (dollars in thousands) Commercial $ 119 $ 403 $ 3,156 $ 33,108 $ 36,786 $ 1,594,648 $ 1,631,434 Commercial real estate - 3,927 5,525 9,378 18,830 3,653,632 3,672,462 Commercial construction 338 1,265 - 17,727 19,330 594,782 614,112 Residential real estate 1,434 227 4,127 5,281 11,069 332,307 343,376 Consumer - - - - - 1,876 1,876 Total $ 1,891 $ 5,822 $ 12,808 $ 65,494 $ 86,015 $ 6,177,245 $ 6,263,260 Included in the 90 days or greater past due and still accruing category as of September 30, 2020 are purchased credit-impaired loans, net of fair value marks, which accrete income per the valuation at date of acquisition. December 31, 2019 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total Loans Receivable Commercial $ 239 $ - $ 3,107 $ 31,455 $ 34,801 $ 1,094,860 $ 1,129,661 Commercial real estate 1,980 490 - 8,338 10,808 3,031,151 3,041,959 Commercial construction - - - 6,773 6,773 616,553 623,326 Residential real estate 3,357 143 - 2,915 6,415 313,605 320,020 Consumer - - - - - 3,328 3,328 Total $ 5,576 $ 633 $ 3,107 $ 49,481 $ 58,797 $ 5,059,497 $ 5,118,294 Included in the 90 days or greater past due and still accruing category as of December 31, 2019 are purchased credit-impaired loans, net of fair value marks, which accrete income per the valuation at date of acquisition. 25 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan losses that are allocated to each loan portfolio segment: September 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) ALLL Individually evaluated for impairment $ 10,000 $ 1,000 $ 302 $ 47 $ - $ 11,349 Collectively evaluated for impairment 14,158 37,519 6,389 1,811 3 59,880 Acquired portfolio - 1,559 291 642 - 2,492 Acquired with deteriorated credit quality - - - - - - Unallocated - - - - - 546 546 Total $ 24,158 $ 40,078 $ 6,982 $ 2,500 $ 3 $ 546 $ 74,267 Gross loans Individually evaluated for impairment $ 35,209 $ 15,122 $ 23,953 $ 4,242 $ - $ 78,526 Collectively evaluated for impairment 1,509,236 2,790,162 559,665 252,418 1,564 5,113,045 Acquired portfolio 83,121 861,653 30,494 82,589 312 1,058,169 Acquired with deteriorated credit quality 3,868 5,525 - 4,127 - 13,520 Total $ 1,631,434 $ 3,672,462 $ 614,112 $ 343,376 $ 1,876 $ 6,263,260 December 31, 2019 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Allowance for loan losses Individually evaluated for impairment $ - $ - $ 1,244 $ 23 $ - $ 1,267 Collectively evaluated for impairment 8,309 19,967 5,744 1,662 3 35,685 Acquired portfolio 40 886 316 - - 1,242 Acquired with deteriorated credit quality - - - - - - Unallocated - - - - - 99 99 Total $ 8,349 $ 20,853 $ 7,304 $ 1,685 $ 3 $ 99 $ 38,293 Gross loans Individually evaluated for impairment $ 37,984 $ 15,249 $ 12,179 $ 1,574 $ - $ 66,986 Collectively evaluated for impairment 1,011,708 2,669,999 578,620 276,177 3,064 4,539,568 Acquired portfolio 74,517 355,610 32,527 42,269 264 505,187 Acquired with deteriorated credit quality 5,452 1,101 - - - 6,553 $ 1,129,661 $ 3,041,959 $ 623,326 $ 320,020 $ 3,328 $ 5,118,294 Total 26 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) The Company’s allowance for loan 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. A summary of the activity in the allowance for loan losses by loan segment is as follows: Three Months Ended September 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of June 30, 2020 $ 9,345 $ 22,655 $ 8,026 $ 1,690 $ 5 $ 27,003 $ 68,724 Charge-offs (48 ) - - (209 ) - - (257 ) Recoveries - 800 - - - - 800 Provision 14,861 16,623 (1,044 ) 1,019 (2 ) (26,457 ) 5,000 Balance as of September 30, 2020 $ 24,158 $ 40,078 $ 6,982 $ 2,500 $ 3 $ 546 $ 74,267 Three Months Ended September 30, 2019 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of June 30, 2019 $ 8,721 $ 21,485 $ 5,542 $ 1,208 $ 2 $ 740 $ 37,698 Charge-offs - (387 ) - (557 ) (20 ) - (964 ) Recoveries 28 - - - 9 - 37 Provision (424 ) (88 ) 1,633 1,110 13 (244 ) 2,000 Balance as of September 30, 2019 $ 8,325 $ 21,010 $ 7,175 $ 1,761 $ 4 $ 496 $ 38,771 27 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) Nine Months Ended September 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2019 $ 8,349 $ 20,853 $ 7,304 $ 1,685 $ 3 $ 99 $ 38,293 Charge-offs (552 ) - - (278 ) (3 ) - (833 ) Recoveries 2 802 - - 3 - 807 Provision 16,359 18,423 (322 ) 1,093 - 447 36,000 Balance as of September 30, 2020 $ 24,158 $ 40,078 $ 6,982 $ 2,500 $ 3 $ 546 $ 74,267 Nine Months Ended September 30, 2019 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2018 $ 9,875 $ 18,847 $ 4,519 $ 1,266 $ 2 $ 445 $ 34,954 Charge-offs - (3,469 ) - (557 ) (20 ) - (4,046 ) Recoveries 214 30 - 3 16 - 263 Provision (1,764 ) 5,602 2,656 1,049 6 51 7,600 Balance as of September 30, 2019 $ 8,325 $ 21,010 $ 7,175 $ 1,761 $ 4 $ 496 $ 38,771 28 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) Troubled Debt Restructurings Loans are considered to have been modified in a troubled debt restructuring (“TDRs”) when, except as discussed below, due to a borrower’s financial difficulties, the Company makes certain concessions to the borrower that it would not otherwise consider. Modifications may include interest rate reductions, principal or interest forgiveness, forbearance, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. Generally, a nonaccrual loan that has been modified in a troubled debt restructuring remains on nonaccrual status for a period of six months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is uncertain, the loan remains on nonaccrual status. As of September 30, 2020, there were no commitments to lend additional funds to borrowers whose loans were on nonaccrual status or were contractually past due 90 days or greater and still accruing interest, or whose terms have been modified in troubled debt restructurings. As of September 30, 2020, TDRs totaled $47.8 million, of which $29.5 million were on nonaccrual status and $18.3 million were performing under their restructured terms. As of December 31, 2019, TDRs totaled $52.0 million, of which $30.6 million were on nonaccrual status and $21.4 million were performing under their restructured terms. The Company has allocated $4.4 million and $23 thousand of specific allowance as of September 30, 2020 and December 31, 2019, respectively for its TDRs. The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2020: Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: (dollars in thousands) Commercial   1 $ 191 $ 191 Commercial real estate 1 97 97 Total 2 $ 288 $ 288 The two loan modifications during the nine months ended September 30, 2020 were maturity extensions. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2020. The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2019: Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: (dollars in thousands) Commercial   8 $ 13,753 $ 13,753 Commercial real estate 2 2,635 2,635 Commercial construction 3 5,630 5,630 Total 13 $ 22,018 $ 22,018 The 13 loan modifications during the nine months ended September 30, 2019 were maturity extensions. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2019. 29 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) In March 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by COVID-19. The interagency statement was effective immediately and impacted accounting for loan modifications. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., three to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Provisions of the CARES Act largely mirrored the provisions of the interagency statement, providing that modified loans would not be considered TDR’s if they were performing at year-end 2019, and the other conditions set forth in the interagency statement were met. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented or at year-end 2019. As of September 30, 2020, the Bank had 199 deferred loans totaling approximately $355.2 million. The majority of these loans were deferred between 90 and 120 days. The following table sets forth the composition of these loans by loan segments as of September 30, 2020: Unpaid Number of Principal Loans Balance (dollars in thousands) Commercial 77 $ 51,594 Commercial real estate 105 281,636 Commercial construction 6 20 Residential real estate 11 5,284 Total 199 $ 355,167

Fair Value Measurements and Fai

Fair Value Measurements and Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2020
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. 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. Assets and Liabilities Measured at Fair Value on a Recurring Basis 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 as of September 30, 2020 and December 31, 2019: Securities Available-for-Sale and Equity Securities Derivatives 31 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) 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 as of September 30, 2020 and December 31, 2019 are as follows: September 30, 2020 Fair Value Measurements at Reporting Date Using Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (dollars in thousands) Recurring fair value measurements: Assets Investment securities Available-for-sale Federal agency obligations $ 46,145 $ - $ 46,145 $ - Residential mortgage pass-through securities 242,224 - 242,224 - Commercial mortgage pass-through securities 6,247 - 6,247 - Obligations of U.S. states and political subdivision 128,396 - 119,484 8,912 Corporate bonds and notes 24,803 - 24,803 - Asset-backed securities 4,868 - 4,868 - Certificates of deposit 151 - 151 - Other securities 181 181 - - Total available-for-sale $ 453,015 $ 181 $ 443,922 $ 8,912 Equity securities 13,400 11,440 1,960 - Total assets $ 466,415 $ 11,621 $ 445,882 $ 8,912 Liabilities Derivatives $ (2,728 ) $ - $ (2,728 ) $ - Total liabilities $ (2,728 ) $ - $ (2,728 ) $ - 32 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) December 31, 2019 Fair Value Measurements at Reporting Date Using Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (dollars in thousands) Recurring fair value measurements: Assets Investment securities Available-for-sale Federal agency obligations $ 28,237 $ - $ 28,237 $ - Residential mortgage pass-through securities 200,496 - 200,496 - Commercial mortgage pass-through securities 4,997 - 4,997 - Obligations of U.S. states and political subdivision 136,519 - 127,405 9,114 Corporate bonds and notes 28,382 - 28,382 - Asset-backed securities 5,780 - 5,780 - Certificates of deposit 150 - 150 - Other securities 140 140 - - Total available-for-sale 404,701 140 395,447 9,114 Equity securities 11,185 11,185 - - Total assets $ 415,886 $ 11,325 $ 395,447 $ 9,114 Liabilities Derivatives $ (273) $ - $ (273) $ - Total liabilities $ (273) - $ (273) $ - There were no transfers between Level 1 and Level 2 during the nine months ended September 30, 2020 and during the year ended December 31, 2019. Assets Measured at Fair Value on a Nonrecurring 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 following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a nonrecurring basis as of September 30, 2020 and December 31, 2019. Loans Held-for-Sale Other loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. Fair value of these loans is determined based on the terms of the loan, such as interest rate, maturity date, reset term, as well as sales of similar assets (Level 3). 33 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) Impaired Loans For assets measured at fair value on a nonrecurring basis, the fair value measurements as of September 30, 2020 and December 31, 2019 are as follows: Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets measured at fair value on a nonrecurring September 30, Assets Inputs Inputs basis: 2020 (Level 1) (Level 2) (Level 3) Impaired loans: (dollars in thousands) Commercial $ 13,024 $ - $ - $ 13,024 Commercial real estate 1,722 - - 1,722 Commercial construction 2,632 - - 2,632 Residential real estate 214 - - 214 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets measured at fair value on a nonrecurring December 31, Assets Inputs Inputs basis: 2019 (Level 1) (Level 2) (Level 3) Impaired loans: (dollars in thousands) Commercial construction $ 2,286 $ - $ - $ 2,286 Residential 240 - - 240 Impaired loans – 34 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) Assets Measured With Significant Unobservable Level 3 Inputs Recurring basis The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2020 and for the year ended December 31, 2019: Municipal Securities (dollars in thousands) Balance as of December 31, 2019 $ 9,114 Principal paydowns (202 ) Balance as of September 30, 2020 $ 8,912 Municipal Securities (dollars in thousands) Balance as of December 31, 2018 $ 9,377 Principal paydowns (263 ) Balance as of December 31, 2019 $ 9,114 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 as of September 30, 2020 and December 31, 2019. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy. September 30, 2020 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 8,912 Discounted cash flows Discount rate 2.9 % December 31, 2019 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 9,114 Discounted cash flows Discount rate 2.9 % 35 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) Nonrecurring basis : September 30, 2020 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighed average) Impaired loans: Commercial $ 13,024 Market approach (100%) Average transfer price as a price to unpaid principal balance 62 - 68 (63) Commercial real estate $ 1,722 Appraisals of collateral value Adjustment for comparable sales -25% to 20% (-8%) Commercial Construction $ 2,632 Appraisals of collateral value Adjustment for comparable sales -13% to +6% (-3%) Residential $ 214 Appraisals of collateral value Adjustment for comparable sales -3% to +11% (0%) December 31, 2019 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighed average) Impaired loans: Commercial construction $ 2,286 Appraisals of collateral value Comparable sales 0% - 5% (3%) Residential $ 240 Appraisals of collateral value Comparable sales 2% - 14% (9%) 36 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) As of September 30, 2020 the fair value measurements presented are consistent with Topic 820, Fair Value Measurement 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) (dollars in thousands) September 30, 2020 Financial assets: Cash and due from banks $ 256,119 $ 256,119 $ 256,119 $ - $ - Securities available-for-sale 453,015 453,015 181 443,992 8,912 Investment in restricted stocks 28,713 n/a n/a n/a n/a Equity securities 13,400 13,400 11,440 1,960 - Net loans 6,176,784 6,270,322 - - 6,270,322 Accrued interest receivable 34,326 34,326 - 1,788 32,538 Financial liabilities: Noninterest-bearing deposits 1,270,021 1,270,021 1,270,021 - - Interest-bearing deposits 4,528,735 4,547,338 2,909,126 1,638,212 - Borrowings 506,225 510,736 - 510,736 - Subordinated debentures 202,552 209,328 - 209,328 - Derivatives 2,728 2,728 - 2,728 - Accrued interest payable 4,240 4,240 - 4,240 - December 31, 2019 Financial assets: Cash and due from banks $ 201,483 $ 201,483 $ 201,483 $ - $ - Investment securities available-for-sale 404,701 404,701 140 395,447 9,114 Restricted investment in bank stocks 27,397 n/a n/a n/a n/a Equity securities 11,185 11,185 11,185 - - Net loans 5,075,234 5,096,669 - - 5,096,669 Accrued interest receivable 20,949 20,949 - 2,187 18,762 Financial liabilities: Noninterest-bearing deposits 861,728 861,728 861,728 - - Interest-bearing deposits 3,905,814 3,917,405 2,352,093 1,565,312 - Borrowings 500,293 502,026 - 502,026 - Subordinated debentures 128,885 134,973 - 134,973 - Derivatives 273 273 - 273 - Accrued interest payable 4,018 4,018 - 4,018 - 37 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, considering 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. The fair value of commitments to originate loans is immaterial and not included in the tables above. Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values. 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, such as 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.

Comprehensive Income

Comprehensive Income	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income	Note 8. Comprehensive Income Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from non-owner sources. The Company’s other comprehensive income is comprised of unrealized holding gains and losses on securities available-for-sale, unrealized gains (losses) on cash flow hedges, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, each net of taxes. The following table represents the reclassification out of accumulated other comprehensive (loss) income for the periods presented: Details about Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Income Affected Line item in the Statement Where Net Income is Presented Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 (dollars in thousands) Sale of investment securities $ - $ (279 ) $ 29 $ (280 ) Net (losses) gains on sale of securities available-for-sale available for sale - 62 (6 ) 62 Income tax expense - (217 ) 23 (218 ) Net interest income on swaps $ (631 ) 204 $ (942 ) 563 Interest expense 196 (46 ) 265 (125 ) Income tax expense (435 ) 158 (677 ) 438 Amortization of pension plan net (75 ) (90 ) (226 ) (269 ) Other components of net periodic pension expense actuarial losses 21 26 63 76 Income tax expense (54 ) (64 ) (163 ) (193 ) Total reclassification $ (489 ) $ (123 ) $ (817 ) $ (27 ) 38 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 8. Comprehensive Income – (continued) Accumulated other comprehensive income (loss) as of September 30, 2020 and December 31, 2019 consisted of the following: September 30, December 31, 2020 2019 (dollars in thousands) Investment securities available-for-sale, net of tax $ 6,774 $ 2,724 Cash flow hedge, net of tax (1,958 ) (193 ) Defined benefit pension and post-retirement plans, net of tax (3,515 ) (3,678 ) Total $ 1,301 $ (1,147 )

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	Note 9. Stock Based Compensation The Company’s stockholders approved the 2017 Equity Compensation Plan (“the Plan”) on May 23, 2017. The Plan eliminates all remaining issuable shares under previous plans and is the only outstanding plan as of September 30, 2020. The maximum number of shares of common stock or equivalents which may be issued under the Plan, is 750,000. Grants under the Plan can be in the form of stock options (qualified or non-qualified), restricted shares, restricted share units or performance units. Shares available for grant and issuance under the Plan as of September 30, 2020 are approximately 313,054. The Company intends to issue all shares under the Plan in the form of newly issued shares. Restricted stock, options and restricted stock units 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 granted to new employees and board members may be granted with shorter vesting periods. Grants of performance units typically have a cliff vesting after three years or upon a change of control. 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, performance units and restricted stock units do not. All awards are issued at the 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. Forfeiture rates are not estimated but are recorded as incurred. Stock-based compensation expense for the three months and nine months ended September 30, 2020 and September 30, 2019 were $0.8 million and $2.0 million, respectively. Activity under the Company’s options for the nine months ended September 30, 2020 was as follows: Number of Stock Options Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2019 73,426 $ 8.19 Granted - - Exercised (25,413 ) 7.39 Forfeited/cancelled/expired - - Outstanding as of September 30, 2020 48,013 $ 8.61 1.5 $ 262,366 Exercisable as of September 30, 2020 48,013 $ 8.61 1.5 $ 262,366 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 September 30, 2020 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 September 30, 2020. This amount changes based on the fair market value of the Company’s stock. 39 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 9. Stock Based Compensation – (continued) Activity under the Company’s restricted shares for the nine months ended September 30, 2020 was as follows: Weighted- Average Nonvested Grant Date Shares Fair Value Nonvested as of December 31, 2019 75,351 $ 21.61 Granted 68,853 17.42 Vested (51,292 ) 21.33 Forfeited/cancelled/expired (322 ) 23.65 Nonvested September 30, 2020 92,590 $ 18.64 As of September 30, 2020, there was approximately $1.2 million of total unrecognized compensation cost related to nonvested restricted shares granted. The cost is expected to be recognized over a weighted average period of 1.1 years. 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 Units Units Date Fair (expected) (maximum) Value Unearned as of December 31, 2019 90,097 $ 23.85 Awarded 82,579 10.77 Change in estimate 2,490 22.75 Vested shares (37,337 ) 22.75 Unearned as of September 30, 2020 137,829 206,744 $ 16.29 As of September 30, 2020, the specific number of shares related to performance units that were expected to vest was 137,829, 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. As of September 30, 2020 the maximum number of shares related to performance units that ultimately could vest if performance targets were exceeded is 206,744. During the nine months ended September 30, 2020, 37,337 shares vested. A total of 14,935 shares were netted from the vested shares to satisfy employee tax obligations. The net shares issued from vesting of performance units during the nine months ended September 30, 2020 were 22,402 shares. As of September 30, 2020, compensation cost of approximately $1.1 million related to non-vested performance units not yet recognized is expected to be recognized over a weighted-average period of 1.9 years. A summary of the status of unearned restricted stock units and the changes in restricted stock units during the period is presented in the table below: Weighted Average Grant Units Date Fair (expected) Value Unearned as of December 31, 2019 73,069 $ 23.62 Awarded 123,870 10.77 Vested shares (27,626 ) 24.53 Unearned as of September 30, 2020 169,313 $ 14.07 Any forfeitures would result in previously recognized expense being reversed. A portion of the shares that vest will be netted out to satisfy the tax obligations of the recipient. During the nine months ended September 30, 2020, 27,626 shares vested. A total of 11,085 shares were netted from the vested shares to satisfy employee tax obligations. The net shares issued from vesting of restricted stock units during the nine months ended September 30, 2020 were 16,541 shares. As of September 30, 2020, compensation cost of approximately $1.8 million related to non-vested restricted stock units, 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	9 Months Ended
	Sep. 30, 2020
Retirement Benefits [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 June 30, 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 Three Months Ended Ended September 30, 2020 September 30, 2019 (dollars in thousands) Service cost $ - $ - Interest cost 91 113 Expected return on plan assets (196 ) (174 ) Net amortization 75 90 Total periodic pension (income) cost $ (30 ) $ 29 Nine Months Nine Months Ended Ended September 30, 2020 September 30, 2019 (dollars in thousands) Service cost $ - $ - Interest cost 273 339 Expected return on plan assets (588 ) (522 ) Net amortization 226 269 Total periodic pension (income) cost $ (89) $ 86 Contributions The Company did not contribute to the Pension Trust during the nine months ended September 30, 2020, and does not plan on contributing any amounts for the remainder of 2020. The trust is established to provide retirement and other benefits for eligible employees and their beneficiaries. No part of the trust assets may be applied to any purpose other than providing benefits under the plan and for defraying expenses of administering the plan and the trust.

FHLB Borrowings

FHLB Borrowings	9 Months Ended
	Sep. 30, 2020
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]
FHLB Borrowings	Note 11. FHLB Borrowings The Company’s borrowings and weighted average interest rates are summarized below: September 30, 2020 December 31, 2019 Amount Rate Amount Rate (dollars in thousands) Total FHLB borrowings $ 506,225 1.09 % $ 500,293 1.96 % By remaining period to maturity: Less than 1 year $ 352,758 0.82 % $ 400,000 1.84 % 1 year through less than 2 years 93,277 1.52 % 62,000 2.26 % 2 years through less than 3 years 57,391 1.93 % 10,737 2.45 % 3 years through less than 4 years - - 25,000 2.92 % 4 years through 5 years - - - - After 5 years 2,839 2.42 % 2,882 2.43 % Total FHLB borrowings 506,265 1.09 % 500,619 1.96 % Fair value premium (discount) (40 ) (326 ) Total borrowings $ 506,225 $ 500,293 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. Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rates. The advances as of September 30, 2020 were primarily collateralized by approximately $2.0 billion of commercial mortgage loans, net of required over collateralization amounts, under a blanket lien arrangement. As of September 30, 2020 the Company had remaining borrowing capacity of approximately $1.1 billion at FHLB.

Subordinated Debentures

Subordinated Debentures	9 Months Ended
	Sep. 30, 2020
Subordinated Borrowings [Abstract]
Subordinated Debentures	Note 12. 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 as of September 30, 2020 was 3.19%. 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. 42 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 12. Subordinated Debentures – (continued) The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II as of September 30, 2020 and December 31, 2019. Issuance Date Securities Issued Liquidation Value Coupon Rate Maturity Redeemable by Issuer Beginning 12/19/2003 $ 5,000,000 $1,000 per Capital Security Floating 3-month LIBOR + 285 Basis Points 01/23/2034 01/23/2009 During June 2015, the Parent Corporation issued $50 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “2015 Notes”). The 2015 Notes may now be redeemed by the Company, have a stated maturity of July 1, 2025, and bear interest until the maturity date or early redemption date at a variable rate equal to the then current three-month LIBOR rate plus 393 basis points. As of September 30, 2020 the variable interest rate was 4.23% and all costs related to 2015 issuance have been amortized. Management currently anticipates that these notes will be redeemed, in full, during the first half of 2021. On January 11, 2018, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “2018 Notes”). The 2018 Notes bear interest at 5.20% annually from, and including, the date of initial issuance to, but excluding, February 1, 2023, payable semi-annually in arrears. From and including February 1, 2023 through maturity or earlier redemption, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 284 basis points (2.84%) payable quarterly in arrears. If three-month LIBOR is not available for any reason, then the rate for that interest period will be determined by such alternate method as provided in the Supplemental Indenture. Interest on the 2018 Notes will be paid on February 1, and August 1, commencing August 1, 2018 to but not including February 1, 2023, and from and including February 1, 2023, on February 1, May 1, August 1, and November 1, of each year to but excluding the stated maturity date, unless in any case previously redeemed. As of September 30, 2020, unamortized costs related to this debt issuance were approximately $1.1 million. On June 10, 2020, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “2020 Notes”). The 2020 Notes bear interest at 5.75% annually from, and including, the date of initial issuance to, but excluding, June 15, 2025 or the date of earlier redemption, payable semi-annually in arrears on June 15 and December 15 of each year, commencing December 15, 2020. From and including June 15, 2025 through maturity or earlier redemption, the interest rate shall reset quarterly to an interest rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Second Supplemental Indenture), plus 560.5 basis points, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, commencing on September 15, 2025. Notwithstanding the foregoing, if the benchmark rate is less than zero, then the benchmark rate shall be deemed to be zero. As of September 30, 2020, unamortized costs related to this debt issuance were approximately $1.5 million.

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	9 Months Ended
	Sep. 30, 2020
Offsetting [Abstract]
Offsetting Assets and Liabilities	Note 13. Offsetting Assets and Liabilities Certain financial instrument-related assets and liabilities may, under GAAP, be offset on the consolidated statements of condition because they are subject to master netting agreements or similar agreements, although the Company has elected to disclose such arrangements on a gross basis on its 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 within this section. 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 following table presents information about financial instruments that are eligible for offset as of September 30, 2020 and December 31, 2019: Gross Amounts Not Offset Gross Amounts Recognized Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Financial Instruments Recognized Cash or Financial Instrument Collateral Net Amount (dollars in thousands) September 30, 2020 Assets: Interest rate swaps $ - $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ (2,728 ) $ - $ (2,728 ) $ - $ (2,728 ) $ - December 31, 2019 Assets: Interest rate swaps $ - $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ (273 ) $ - $ (273 ) $ - $ - $ (273 )

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 14. Goodwill In accordance with ASC 350, the Company performs goodwill impairment test at least annually, or more frequently if triggering event occurs. In the second quarter of 2020, the impact of COVID-19, prompted the Company to quantitatively evaluate goodwill for impairment. The Company engaged an independent third-party to evaluate the fair value of the Company compared to its carrying value. To estimate the fair value of the Company, the third-party relied on a weighted discounted cash flow method, guideline public company method, and transaction method. The results concluded that the fair value of the Company exceeded its current carrying value and goodwill impairment did not exist. As of September 30, 2020 the Company reassessed the prior quarter’s conclusion and, finding no material changes to our previous methodology, assumptions or results, concluded there was no impairment. As of September 30, 2020 and December 31, 2019, goodwill was $208.4 million and $162.6 million, respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Event On October 26, 2020, the Company announced it had entered into a purchase and assumption agreement to sell two of the Bank’s leased branch offices in Warwick, NY and Monroe, NY and the deposit accounts associated with the two branches. Under the terms of the purchase and assumption agreement, the acquiring bank will assume the remaining lease and deposit obligations held at each branch. The total right of use asset and lease liability as of September 30, 2020 for both branches was $0.2 million and $0.2 million, respectively. Additionally, under the terms of the purchase and assumption agreement, a portion of the deposits at each branch will be acquired at a set premium, while the remaining deposits will be acquired at no premium or discount. We anticipate the gain on the deposits with a premium will not have a material impact on our financial statements. The transaction is expected to close in the first quarter of 2021, subject to regulatory approvals and satisfaction of customary closing conditions.

Nature of Operations, Princip_2

Nature of Operations, Principles of Consolidation and Risk and Uncertainties (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations ConnectOne Bancorp, Inc. (the “Parent Corporation”) is incorporated under the laws of the State of New Jersey and is a registered bank holding company. The Parent Corporation’s business currently consists of the operation of its wholly-owned subsidiary, ConnectOne Bank (the “Bank” and, collectively with the Parent Corporation and the Parent Corporation’s subsidiaries, the “Company”). The Bank’s subsidiaries include Union Investment Co. (a New Jersey investment company), Twin Bridge Investment Co. (a New Jersey investment company), ConnectOne Preferred Funding Corp. (a New Jersey real estate investment trust), Center Financial Group, LLC (a New Jersey financial services company), Center Advertising, Inc. (a New Jersey advertising company), Morris Property Company, LLC, (a New Jersey limited liability company), Volosin Holdings, LLC, (a New Jersey limited liability company), NJCB Spec-1, LLC (a New Jersey limited liability company) and BoeFly, Inc. (a New Jersey online business lending marketplace). 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-seven other banking offices. Substantially all loans are secured with various types of collateral, including business assets, consumer assets and commercial/residential real estate. Each borrower’s ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrowers’ business, real estate rental and consumer wages. 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 and nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2020, or for any other interim period. The Company’s 2019 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements.
Principals of Consolidation	Principals of Consolidation 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.
Use of Estimates	Use of Estimates 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.
Risks and Uncertainties	Risks and Uncertainties As previously disclosed on March 11, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act Federal Reserve reductions in interest rates and other effects of the COVID-19 pandemic may adversely affect the Company's financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is reasonably possible that estimates made in the financial statements could be materially and adversely impacted in the near term as a result of these conditions, including the determination of the allowance for loan losses, fair value of financial instruments, impairment of goodwill and other intangible assets and income taxes.
Adoption of New Accounting Standards in 2020	Adoption of New Accounting Standards in 2020 ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” ASU No. 2017-08, “ Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities ASU 2018-13, “ Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement ASU 2018-15, “ Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.
Newly Issued, But Not Yet Effective Accounting Standards	Newly Issued, But Not Yet Effective Accounting Standards In June 2016, the FASB issued guidance related to credit losses on financial instruments. This update, commonly referred to as the current expected credit losses methodology (“CECL”), will change the accounting for credit losses on loans and debt securities. Under the new guidance, the Company’s measurement of expected credit losses is to be based on information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. For loans, this measurement will take place at the time the financial asset is first added to the balance sheet and periodically thereafter. This differs significantly from the “incurred loss” model previously required, but still permitted, under GAAP, which delays recognition until it is probable a loss has been incurred. ASU 2016-13 was effective, subject to optional delay discussed below, for the Company on January 1, 2020. In accordance with the accounting relief provisions of the CARES Act, as it currently stands, the Company elected to delay the adoption of FASB’s new standard covering the CECL until the earlier of the termination date of the national emergency declared by President Trump on March 13, 2020 under the National Emergencies Act, related to the outbreak of COVID-19, and December 31, 2020. Management reached this decision due to the complexities of CECL loan loss forecasting exacerbated by the quickly changing economic environment resulting from the COVID-19 pandemic. Once the delay provision has been terminated, adoption will be retroactive to January 1, 2020. During 2019, the Company implemented the CECL methodology and ran it concurrently with the historical incurred method. While the Company has not finalized the impact of implementing CECL, the Company expects to recognize a one-time cumulative effect adjustment to the allowance and beginning retained earnings, net of tax, upon adoption. The future impact of CECL on the Company’s allowance for credit losses and provision expense subsequent to the initial adoption will depend on changes in the loan portfolio, economic conditions and refinements to key assumptions including forecasting and qualitative factors. The Company measured its allowance under its current incurred loan loss model as of September 30, 2020. 11 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 1b. Authoritative Accounting Guidance – (continued) ASU 2018-14, “ Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2020
Business combinations:
Schedule of Fair Value of Identifiable Assets Acquired and Liabilities [Table Text Block]	In connection with the acquisition, the consideration paid and the fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition are summarized in the following table: Estimated Fair Value at January 2, 2020 (in thousands) Consideration paid: Common stock issued in acquisition $ 118,375 Cash paid in acquisition 23,977 Total consideration paid: 142,352 Assets acquired: Cash and cash equivalents 111,368 Securities available-for-sale 20,073 Loans, net 774,720 Premises and equipment, net 12,826 Accrued interest receivable 2,910 Core deposit intangibles 8,076 Other assets 19,309 Total assets acquired 949,282 Liabilities assumed: Deposits 785,378 Borrowings 49,742 Other liabilities 17,609 Total liabilities assumed 852,729 Net assets acquired 96,553 Goodwill recorded in acquisition $ 45,799
Schedule of BNJ Acquisition [Table Text Block]	The following is a summary of the loans accounted for in accordance with ASC 310-30 that were acquired in the BNJ acquisition as of the Merger date: Estimated Fair Value at January 2, 2020 (in thousands) Contractually required principal and interest acquisition $ 14,416 Contractual cash flows not expected to be collected (non-accretable discount) (2,111 ) Expected cash flows at acquisition 12,305 Interest component of expected cash flows (accretable discount) (605 ) Fair value of acquired loans $ 11,700

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings per common share:
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per common share have been computed based on the following: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except for per share data) 2020 2019 2020 2019 Net income $ 24,786 $ 21,696 $ 45,648 $ 52,612 Earnings allocated to participating securities (133 ) (117 ) (218 ) (176 ) Income attributable to common stock $ 24,653 $ 21,579 $ 45,430 $ 52,436 Weighted average common shares outstanding, including participating securities 39,656 35,307 39,624 35,317 Weighted average participating securities (119 ) (141 ) (125 ) (65 ) Weighted average common shares outstanding 39,537 35,166 39,499 35,252 Incremental shares from assumed conversions of options, performance units and non-participating restricted shares 117 97 111 82 Weighted average common and equivalent shares outstanding 39,654 35,263 39,610 35,334 Earnings per common share: Basic $ 0.62 $ 0.61 $ 1.15 $ 1.49 Diluted 0.62 0.61 1.15 1.48

Securities Available-for-Sale (

Securities Available-for-Sale (Tables)	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Unrealized Gain (Loss) on Investments [Table Text Block]	The following tables present information related to the Company’s portfolio of securities available-for-sale as of September 30, 2020 and December 31, 2019. Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value September 30, 2020 (dollars in thousands) Securities available-for-sale Federal agency obligations $ 44,431 $ 1,768 $ (54 ) $ 46,145 Residential mortgage pass-through  securities 238,193 4,166 (135 ) 242,224 Commercial mortgage pass-through  securities 6,176 213 (142 ) 6,247 Obligations of U.S. states and political subdivisions 124,790 3,649 (43 ) 128,396 Corporate bonds and notes 24,916 256 (369 ) 24,803 Asset-backed securities 5,023 - (155 ) 4,868 Certificates of deposit 149 2 - 151 Other securities 181 - - 181 Total securities available-for-sale $ 443,859 $ 10,054 $ (898 ) $ 453,015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value December 31, 2019 (dollars in thousands) Securities available-for-sale Federal agency obligations $ 27,667 $ 612 $ (42 ) $ 28,237 Residential mortgage pass-through  securities 199,611 1,528 (643 ) 200,496 Commercial mortgage pass-through  securities 4,995 37 (35 ) 4,997 Obligations of U.S. states and political subdivisions 134,500 2,411 (392 ) 136,519 Corporate bonds and notes 28,142 285 (45 ) 28,382 Asset-backed securities 5,845 - (65 ) 5,780 Certificates of deposit 148 2 - 150 Other securities 140 - - 140 Total securities available-for-sale $ 401,048 $ 4,875 $ (1,222 ) $ 404,701
Investments Classified by Contractual Maturity Date [Table Text Block]	The following table presents information for investments in securities available-for-sale as of September 30, 2020, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately. September 30, 2020 Amortized Fair Cost Value (dollars in thousands) Securities available-for-sale: Due in one year or less $ 5,947 $ 5,982 Due after one year through five years 23,657 23,651 Due after five years through ten years 21,837 22,345 Due after ten years 147,868 152,385 Residential mortgage pass-through securities 238,193 242,224 Commercial mortgage pass-through securities 6,176 6,247 Other securities 181 181 Total securities available-for-sale $ 443,859 $ 453,015
Schedule of Realized Gain (Loss) [Table Text Block]	Gross gains and losses from the sales of securities for periods presented were as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2020 2019 2020 2019 Proceeds $ - $ 33,432 $ 19,624 $ 183,728 Gross gains on sales of securities - 1 29 401 Gross losses on sales of securities - (280 ) - (681 ) Net losses on sales of securities - (279 ) 29 (280 ) Less: tax provision on net losses - 62 (6 ) 62 Net losses on sales of securities, after tax $ - $ (217 ) $ 23 $ (218 )
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 as of September 30, 2020 and December 31, 2019. September 30, 2020 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 $ 13,305 $ (54 ) $ 13,299 $ (54 ) $ 6 $ - Residential mortgage pass-through securities 70,465 (135 ) 70,455 (135 ) 10 - Commercial mortgage pass-through securities 4,016 (142 ) 4,016 (142 ) - - Obligations of U.S. states and political subdivisions 8,468 (43 ) 8,468 (43 ) - - Corporate bonds and notes 5,610 (369 ) 5,610 (369 ) - - Asset-backed securities 4,868 (155 ) 1,288 (38 ) 3,580 (117 ) Total temporarily impaired securities $ 106,732 $ (898 ) $ 103,136 $ (781 ) $ 3,596 $ (117 ) December 31, 2019 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 $ 6,512 $ (42 ) $ 6,498 $ (42 ) $ 14 $ - Residential mortgage pass-through securities 94,980 (643 ) 49,154 (179 ) 45,826 (464 ) Commercial mortgage pass-through securities 2,006 (35 ) 2,006 (35 ) - - Obligations of U.S. states and political subdivisions 34,775 (392 ) 10,306 (8 ) 24,469 (384 ) Corporate bonds and notes 5,437 (45 ) 2,478 (23 ) 2,959 (22 ) Asset-backed securities 5,718 (65 ) 2,268 (22 ) 3,450 (43 ) Total Temporarily Impaired Securities $ 149,428 $ (1,222 ) $ 72,710 $ (309 ) $ 76,718 $ (913 )

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020, December 31, 2019 and September 30, 2019 are presented in the following table. September 30, December 31, September 30, 2020 2019 2019 (dollars in thousands) Notional amount $ 175,000 $ 150,000 $ 175,000 Weighted average pay rates 1.69 % 1.82 % 1.83 % Weighted average receive rates 1.03 % 2.37 % 2.53 % Weighted average maturity 1.1 years 1.5 years 1.5 years Fair value $ (2,728 ) $ (273 ) $ (380 )
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents the net losses recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods: Nine Months Ended September 30, 2020 Amount of gain Amount of (gain) Amount of gain (loss) recognized loss reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (3,397 ) $ 942 $ - Nine Months Ended September 30, 2019 Amount of gain Amount of gain Amount of gain (loss) recognized (loss) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (976 ) $ (563 ) $ -
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 September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Notional Notional Amount Fair Value Amount Fair Value (dollars in thousands) Interest rate swaps related to FHLB advances included in assets $ 175,000 $ (2,728 ) $ 150,000 $ (273)

Loans and the Allowance for L_2

Loans and the Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans Receivable - September 30, December 31, 2020 2019 (dollars in thousands) Commercial (1) $ 1,631,434 $ 1,129,661 Commercial real estate 3,672,462 3,041,959 Commercial construction 614,112 623,326 Residential real estate 343,376 320,020 Consumer 1,876 3,328 Gross loans 6,263,260 5,118,294 Net deferred loan fees (12,209 ) (4,767 ) Total loans receivable $ 6,251,051 $ 5,113,527
Loans held for sale [Table Text Block]	Loans held-for-sale - September 30, December 31, 2020 2019 (dollars in thousands) Commercial $ - $ 2,285 Commercial real estate 6,460 30,965 Residential real estate 2,048 - Total carrying amount $ 8,508 $ 33,250
Loans and Leases Receivable Purchase Credit Impaired Loans [Table Text Block]	Purchased Credit-Impaired Loans - September 30, December 31, 2020 2019 (dollars in thousands) Commercial $ 3,868 $ 5,452 Commercial real estate 5,525 1,101 Commercial construction 4,127 - $ 13,520 $ 6,553
Loans and Leases Receivable Purchased Loans [Table Text Block]	The following table presents the accretable yield, or income expected to be collected, on the purchased credit-impaired loans for the three and nine months ended September 30, 2020 and September 30, 2019: Three Months Three Months Ended Ended September 30, September 30, 2020 2019 (dollars in thousands) Balance at June 30 $ 1,325 $ 2,213 Accretion of income (124 ) (575 ) Balance as of September 30 $ 1,201 $ 1,638 Nine Months Nine Months Ended Ended September 30, September 30, 2020 2019 (dollars in thousands) Balance as of December 31 $ 1,301 $ 1,134 New loans acquired 605 1,286 Accretion of income (705 ) (782 ) Balance as of September 30 $ 1,201 $ 1,638
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Loans Receivable on Nonaccrual Status - September 30, December 31, 2020 2019 (dollars in thousands) Commercial $ 33,108 $ 31,455 Commercial real estate 9,378 8,338 Commercial construction 17,727 6,773 Residential real estate 5,281 2,915 Total nonaccrual loans $ 65,494 $ 49,481
Financing Receivable Credit Quality Indicators [Table Text Block]	Credit Quality Indicators September 30, 2020 Special Pass Mention Substandard Doubtful Total (dollars in thousands) Commercial $ 1,566,486 $ 20,608 $ 44,340 $ - $ 1,631,434 Commercial real estate 3,637,852 13,419 21,191 - 3,672,462 Commercial construction 583,749 - 30,363 - 614,112 Residential real estate 332,686 - 10,690 - 343,376 Consumer 1,874 - 2 - 1,876 Gross loans $ 6,121,647 $ 34,027 $ 106,586 $ - $ 6,263,260 December 31, 2019 Special Pass Mention Substandard Doubtful Total (dollars in thousands) Commercial $ 1,059,852 $ 22,159 $ 47,650 $ - $ 1,129,661 Commercial real estate 3,014,956 10,301 16,702 - 3,041,959 Commercial construction 604,298 4,609 14,419 - 623,326 Residential real estate 316,476 - 3,544 - 320,020 Consumer 3,328 - - - 3,328 Gross loans $ 4,998,910 $ 37,069 $ 82,315 $ - $ 5,118,294
Impaired Financing Receivables [Table Text Block]	The following table provides an analysis of the impaired loans by class as of September 30, 2020 and December 31, 2019. September 30, 2020 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (dollars in thousands) Commercial $ 12,185 $ 12,588 Commercial real estate 12,400 12,696 Commercial construction 21,019 21,490 Residential real estate 3,981 4,311 Total (no related allowance) $ 49,585 $ 51,085 With an allowance recorded Commercial 23,024 68,406 $ 10,000 Commercial real estate 2,722 2,722 1,000 Commercial construction 2,934 2,934 302 Residential real estate 261 261 47 Total (with allowance) $ 28,941 $ 74,323 $ 11,349 Total Commercial $ 35,209 $ 80,994 $ 10,000 Commercial real estate 15,122 15,418 1,000 Commercial construction 23,953 24,424 302 Residential real estate 4,242 4,572 47 Total $ 78,526 $ 125,408 $ 11,349 December 31, 2019 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (dollars in thousands) Commercial $ 37,984 $ 83,225 Commercial real estate 15,249 15,467 Commercial construction 8,649 8,649 Residential real estate 1,311 1,463 Consumer - - Total (no related allowance) $ 63,193 $ 108,804 With an allowance recorded Commercial construction $ 3,530 $ 3,530 $ 1,244 Residential real estate 263 263 23 Total (with allowance) $ 3,793 $ 3,793 $ 1,267 Total Commercial $ 37,984 $ 83,225 $ - Commercial real estate 15,249 15,467 - Commercial construction 12,179 12,179 1,244 Residential real estate 1,574 1,726 23 Consumer - - - Total $ 66,986 $ 112,597 $ 1,267
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 nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (dollars in thousands) Impaired loans (no allowance) Commercial $ 12,266 $ 50 $ 41,332 $ 570 $ 12,100 $ 150 $ 41,731 $ 733 Commercial real estate 12,460 74 12,178 79 12,415 229 12,213 221 Commercial construction 21,297 91 6,044 58 21,149 262 6,047 138 Residential real estate 4,011 16 1,552 - 3,761 16 1,579 19 Total $ 50,034 $ 231 $ 61,106 $ 707 $ 49,425 $ 657 $ 61,570 $ 1,111 Impaired loans (allowance): Commercial $ 23,024 $ - $ 392 $ - $ 23,195 $ - $ 393 $ - Commercial real estate 2,722 - 392 - 2,722 - 393 - Commercial construction 2,934 - 6,439 220 2,934 - 6,378 220 Residential real estate 261 5 252 9 262 5 255 9 Total $ 28,941 $ 5 $ 7,083 $ 936 $ 29,113 $ 5 $ 7,026 $ 229 Total impaired loans: Commercial $ 35,290 $ 50 $ 41,332 $ 570 $ 35,295 $ 150 $ 41,731 $ 733 Commercial real estate 15,182 74 12,570 79 15,137 229 12,606 221 Commercial construction 24,231 91 12,483 278 24,083 262 12,425 358 Residential real estate 4,272 21 1,804 9 4,023 21 1,834 28 Total $ 78,975 $ 236 $ 68,189 $ 936 $ 78,538 $ 662 $ 68,596 $ 1,340
Past Due Financing Receivables [Table Text Block]	Aging Analysis - September 30, 2020 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Gross Loans (dollars in thousands) Commercial $ 119 $ 403 $ 3,156 $ 33,108 $ 36,786 $ 1,594,648 $ 1,631,434 Commercial real estate - 3,927 5,525 9,378 18,830 3,653,632 3,672,462 Commercial construction 338 1,265 - 17,727 19,330 594,782 614,112 Residential real estate 1,434 227 4,127 5,281 11,069 332,307 343,376 Consumer - - - - - 1,876 1,876 Total $ 1,891 $ 5,822 $ 12,808 $ 65,494 $ 86,015 $ 6,177,245 $ 6,263,260 Included in the 90 days or greater past due and still accruing category as of September 30, 2020 are purchased credit-impaired loans, net of fair value marks, which accrete income per the valuation at date of acquisition. December 31, 2019 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total Loans Receivable Commercial $ 239 $ - $ 3,107 $ 31,455 $ 34,801 $ 1,094,860 $ 1,129,661 Commercial real estate 1,980 490 - 8,338 10,808 3,031,151 3,041,959 Commercial construction - - - 6,773 6,773 616,553 623,326 Residential real estate 3,357 143 - 2,915 6,415 313,605 320,020 Consumer - - - - - 3,328 3,328 Total $ 5,576 $ 633 $ 3,107 $ 49,481 $ 58,797 $ 5,059,497 $ 5,118,294
Schedule of Recorded Investment in Financing Receivables [Table Text Block]	The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for loan losses that are allocated to each loan portfolio segment: September 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) ALLL Individually evaluated for impairment $ 10,000 $ 1,000 $ 302 $ 47 $ - $ 11,349 Collectively evaluated for impairment 14,158 37,519 6,389 1,811 3 59,880 Acquired portfolio - 1,559 291 642 - 2,492 Acquired with deteriorated credit quality - - - - - - Unallocated - - - - - 546 546 Total $ 24,158 $ 40,078 $ 6,982 $ 2,500 $ 3 $ 546 $ 74,267 Gross loans Individually evaluated for impairment $ 35,209 $ 15,122 $ 23,953 $ 4,242 $ - $ 78,526 Collectively evaluated for impairment 1,509,236 2,790,162 559,665 252,418 1,564 5,113,045 Acquired portfolio 83,121 861,653 30,494 82,589 312 1,058,169 Acquired with deteriorated credit quality 3,868 5,525 - 4,127 - 13,520 Total $ 1,631,434 $ 3,672,462 $ 614,112 $ 343,376 $ 1,876 $ 6,263,260 December 31, 2019 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Allowance for loan losses Individually evaluated for impairment $ - $ - $ 1,244 $ 23 $ - $ 1,267 Collectively evaluated for impairment 8,309 19,967 5,744 1,662 3 35,685 Acquired portfolio 40 886 316 - - 1,242 Acquired with deteriorated credit quality - - - - - - Unallocated - - - - - 99 99 Total $ 8,349 $ 20,853 $ 7,304 $ 1,685 $ 3 $ 99 $ 38,293 Gross loans Individually evaluated for impairment $ 37,984 $ 15,249 $ 12,179 $ 1,574 $ - $ 66,986 Collectively evaluated for impairment 1,011,708 2,669,999 578,620 276,177 3,064 4,539,568 Acquired portfolio 74,517 355,610 32,527 42,269 264 505,187 Acquired with deteriorated credit quality 5,452 1,101 - - - 6,553 $ 1,129,661 $ 3,041,959 $ 623,326 $ 320,020 $ 3,328 $ 5,118,294 Total
Allowance for Credit Losses on Financing Receivables [Table Text Block]	A summary of the activity in the allowance for loan losses by loan segment is as follows: Three Months Ended September 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of June 30, 2020 $ 9,345 $ 22,655 $ 8,026 $ 1,690 $ 5 $ 27,003 $ 68,724 Charge-offs (48 ) - - (209 ) - - (257 ) Recoveries - 800 - - - - 800 Provision 14,861 16,623 (1,044 ) 1,019 (2 ) (26,457 ) 5,000 Balance as of September 30, 2020 $ 24,158 $ 40,078 $ 6,982 $ 2,500 $ 3 $ 546 $ 74,267 Three Months Ended September 30, 2019 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of June 30, 2019 $ 8,721 $ 21,485 $ 5,542 $ 1,208 $ 2 $ 740 $ 37,698 Charge-offs - (387 ) - (557 ) (20 ) - (964 ) Recoveries 28 - - - 9 - 37 Provision (424 ) (88 ) 1,633 1,110 13 (244 ) 2,000 Balance as of September 30, 2019 $ 8,325 $ 21,010 $ 7,175 $ 1,761 $ 4 $ 496 $ 38,771 27 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Loans and the Allowance for Loan Losses – (continued) Nine Months Ended September 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2019 $ 8,349 $ 20,853 $ 7,304 $ 1,685 $ 3 $ 99 $ 38,293 Charge-offs (552 ) - - (278 ) (3 ) - (833 ) Recoveries 2 802 - - 3 - 807 Provision 16,359 18,423 (322 ) 1,093 - 447 36,000 Balance as of September 30, 2020 $ 24,158 $ 40,078 $ 6,982 $ 2,500 $ 3 $ 546 $ 74,267 Nine Months Ended September 30, 2019 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2018 $ 9,875 $ 18,847 $ 4,519 $ 1,266 $ 2 $ 445 $ 34,954 Charge-offs - (3,469 ) - (557 ) (20 ) - (4,046 ) Recoveries 214 30 - 3 16 - 263 Provision (1,764 ) 5,602 2,656 1,049 6 51 7,600 Balance as of September 30, 2019 $ 8,325 $ 21,010 $ 7,175 $ 1,761 $ 4 $ 496 $ 38,771
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]	The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2020: Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: (dollars in thousands) Commercial   1 $ 191 $ 191 Commercial real estate 1 97 97 Total 2 $ 288 $ 288 The two loan modifications during the nine months ended September 30, 2020 were maturity extensions. There were no TDRs for which there was a payment default within twelve months following the modification during the three and nine months ended September 30, 2020. The following table presents loans by class modified as TDRs that occurred during the nine months ended September 30, 2019: Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: (dollars in thousands) Commercial   8 $ 13,753 $ 13,753 Commercial real estate 2 2,635 2,635 Commercial construction 3 5,630 5,630 Total 13 $ 22,018 $ 22,018
Schedule of Composition of Loans by Loan Segments	The following table sets forth the composition of these loans by loan segments as of September 30, 2020: Unpaid Number of Principal Loans Balance (dollars in thousands) Commercial 77 $ 51,594 Commercial real estate 105 281,636 Commercial construction 6 20 Residential real estate 11 5,284 Total 199 $ 355,167

Fair Value Measurements and F_2

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
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 as of September 30, 2020 and December 31, 2019 are as follows: September 30, 2020 Fair Value Measurements at Reporting Date Using Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (dollars in thousands) Recurring fair value measurements: Assets Investment securities Available-for-sale Federal agency obligations $ 46,145 $ - $ 46,145 $ - Residential mortgage pass-through securities 242,224 - 242,224 - Commercial mortgage pass-through securities 6,247 - 6,247 - Obligations of U.S. states and political subdivision 128,396 - 119,484 8,912 Corporate bonds and notes 24,803 - 24,803 - Asset-backed securities 4,868 - 4,868 - Certificates of deposit 151 - 151 - Other securities 181 181 - - Total available-for-sale $ 453,015 $ 181 $ 443,922 $ 8,912 Equity securities 13,400 11,440 1,960 - Total assets $ 466,415 $ 11,621 $ 445,882 $ 8,912 Liabilities Derivatives $ (2,728 ) $ - $ (2,728 ) $ - Total liabilities $ (2,728 ) $ - $ (2,728 ) $ - 32 CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Fair Value Measurements and Fair Value of Financial Instruments – (continued) December 31, 2019 Fair Value Measurements at Reporting Date Using Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (dollars in thousands) Recurring fair value measurements: Assets Investment securities Available-for-sale Federal agency obligations $ 28,237 $ - $ 28,237 $ - Residential mortgage pass-through securities 200,496 - 200,496 - Commercial mortgage pass-through securities 4,997 - 4,997 - Obligations of U.S. states and political subdivision 136,519 - 127,405 9,114 Corporate bonds and notes 28,382 - 28,382 - Asset-backed securities 5,780 - 5,780 - Certificates of deposit 150 - 150 - Other securities 140 140 - - Total available-for-sale 404,701 140 395,447 9,114 Equity securities 11,185 11,185 - - Total assets $ 415,886 $ 11,325 $ 395,447 $ 9,114 Liabilities Derivatives $ (273) $ - $ (273) $ - Total liabilities $ (273) - $ (273) $ -
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	For assets measured at fair value on a nonrecurring basis, the fair value measurements as of September 30, 2020 and December 31, 2019 are as follows: Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets measured at fair value on a nonrecurring September 30, Assets Inputs Inputs basis: 2020 (Level 1) (Level 2) (Level 3) Impaired loans: (dollars in thousands) Commercial $ 13,024 $ - $ - $ 13,024 Commercial real estate 1,722 - - 1,722 Commercial construction 2,632 - - 2,632 Residential real estate 214 - - 214 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets measured at fair value on a nonrecurring December 31, Assets Inputs Inputs basis: 2019 (Level 1) (Level 2) (Level 3) Impaired loans: (dollars in thousands) Commercial construction $ 2,286 $ - $ - $ 2,286 Residential 240 - - 240
Fair Value, Recurring basis [Table Text Block]	The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2020 and for the year ended December 31, 2019: Municipal Securities (dollars in thousands) Balance as of December 31, 2019 $ 9,114 Principal paydowns (202 ) Balance as of September 30, 2020 $ 8,912 Municipal Securities (dollars in thousands) Balance as of December 31, 2018 $ 9,377 Principal paydowns (263 ) Balance as of December 31, 2019 $ 9,114
Significant unobservable inputs used in fair value measurements [Table Text Block]	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 as of September 30, 2020 and December 31, 2019. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy. September 30, 2020 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 8,912 Discounted cash flows Discount rate 2.9 % December 31, 2019 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 9,114 Discounted cash flows Discount rate 2.9 %
Fair Value Measurements, Nonrecurring [Table Text Block]	Nonrecurring basis : September 30, 2020 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighed average) Impaired loans: Commercial $ 13,024 Market approach (100%) Average transfer price as a price to unpaid principal balance 62 - 68 (63) Commercial real estate $ 1,722 Appraisals of collateral value Adjustment for comparable sales -25% to 20% (-8%) Commercial Construction $ 2,632 Appraisals of collateral value Adjustment for comparable sales -13% to +6% (-3%) Residential $ 214 Appraisals of collateral value Adjustment for comparable sales -3% to +11% (0%) December 31, 2019 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighed average) Impaired loans: Commercial construction $ 2,286 Appraisals of collateral value Comparable sales 0% - 5% (3%) Residential $ 240 Appraisals of collateral value Comparable sales 2% - 14% (9%)
Fair Value, by Balance Sheet Grouping [Table Text Block]	As of September 30, 2020 the fair value measurements presented are consistent with Topic 820, Fair Value Measurement 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) (dollars in thousands) September 30, 2020 Financial assets: Cash and due from banks $ 256,119 $ 256,119 $ 256,119 $ - $ - Securities available-for-sale 453,015 453,015 181 443,992 8,912 Investment in restricted stocks 28,713 n/a n/a n/a n/a Equity securities 13,400 13,400 11,440 1,960 - Net loans 6,176,784 6,270,322 - - 6,270,322 Accrued interest receivable 34,326 34,326 - 1,788 32,538 Financial liabilities: Noninterest-bearing deposits 1,270,021 1,270,021 1,270,021 - - Interest-bearing deposits 4,528,735 4,547,338 2,909,126 1,638,212 - Borrowings 506,225 510,736 - 510,736 - Subordinated debentures 202,552 209,328 - 209,328 - Derivatives 2,728 2,728 - 2,728 - Accrued interest payable 4,240 4,240 - 4,240 - December 31, 2019 Financial assets: Cash and due from banks $ 201,483 $ 201,483 $ 201,483 $ - $ - Investment securities available-for-sale 404,701 404,701 140 395,447 9,114 Restricted investment in bank stocks 27,397 n/a n/a n/a n/a Equity securities 11,185 11,185 11,185 - - Net loans 5,075,234 5,096,669 - - 5,096,669 Accrued interest receivable 20,949 20,949 - 2,187 18,762 Financial liabilities: Noninterest-bearing deposits 861,728 861,728 861,728 - - Interest-bearing deposits 3,905,814 3,917,405 2,352,093 1,565,312 - Borrowings 500,293 502,026 - 502,026 - Subordinated debentures 128,885 134,973 - 134,973 - Derivatives 273 273 - 273 - Accrued interest payable 4,018 4,018 - 4,018 -

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table represents the reclassification out of accumulated other comprehensive (loss) income for the periods presented: Details about Accumulated Other Comprehensive Loss Components Amounts Reclassified from Accumulated Other Comprehensive Income Affected Line item in the Statement Where Net Income is Presented Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 (dollars in thousands) Sale of investment securities $ - $ (279 ) $ 29 $ (280 ) Net (losses) gains on sale of securities available-for-sale available for sale - 62 (6 ) 62 Income tax expense - (217 ) 23 (218 ) Net interest income on swaps $ (631 ) 204 $ (942 ) 563 Interest expense 196 (46 ) 265 (125 ) Income tax expense (435 ) 158 (677 ) 438 Amortization of pension plan net (75 ) (90 ) (226 ) (269 ) Other components of net periodic pension expense actuarial losses 21 26 63 76 Income tax expense (54 ) (64 ) (163 ) (193 ) Total reclassification $ (489 ) $ (123 ) $ (817 ) $ (27 )
Comprehensive Income (Loss) [Table Text Block]	Accumulated other comprehensive income (loss) as of September 30, 2020 and December 31, 2019 consisted of the following: September 30, December 31, 2020 2019 (dollars in thousands) Investment securities available-for-sale, net of tax $ 6,774 $ 2,724 Cash flow hedge, net of tax (1,958 ) (193 ) Defined benefit pension and post-retirement plans, net of tax (3,515 ) (3,678 ) Total $ 1,301 $ (1,147 )

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Activity under the Company’s options for the nine months ended September 30, 2020 was as follows: Number of Stock Options Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2019 73,426 $ 8.19 Granted - - Exercised (25,413 ) 7.39 Forfeited/cancelled/expired - - Outstanding as of September 30, 2020 48,013 $ 8.61 1.5 $ 262,366 Exercisable as of September 30, 2020 48,013 $ 8.61 1.5 $ 262,366
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Activity under the Company’s restricted shares for the nine months ended September 30, 2020 was as follows: Weighted- Average Nonvested Grant Date Shares Fair Value Nonvested as of December 31, 2019 75,351 $ 21.61 Granted 68,853 17.42 Vested (51,292 ) 21.33 Forfeited/cancelled/expired (322 ) 23.65 Nonvested September 30, 2020 92,590 $ 18.64
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 Units Units Date Fair (expected) (maximum) Value Unearned as of December 31, 2019 90,097 $ 23.85 Awarded 82,579 10.77 Change in estimate 2,490 22.75 Vested shares (37,337 ) 22.75 Unearned as of September 30, 2020 137,829 206,744 $ 16.29
Schedule of Unearned Restricted Unit Awards [Table Text Block]	A summary of the status of unearned restricted stock units and the changes in restricted stock units during the period is presented in the table below: Weighted Average Grant Units Date Fair (expected) Value Unearned as of December 31, 2019 73,069 $ 23.62 Awarded 123,870 10.77 Vested shares (27,626 ) 24.53 Unearned as of September 30, 2020 169,313 $ 14.07

Components of Net Periodic Pe_2

Components of Net Periodic Pension Cost (Tables)	9 Months Ended
	Sep. 30, 2020
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The Company maintained a non-contributory defined benefit pension plan for substantially all of its employees until June 30, 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 Three Months Ended Ended September 30, 2020 September 30, 2019 (dollars in thousands) Service cost $ - $ - Interest cost 91 113 Expected return on plan assets (196 ) (174 ) Net amortization 75 90 Total periodic pension (income) cost $ (30 ) $ 29 Nine Months Nine Months Ended Ended September 30, 2020 September 30, 2019 (dollars in thousands) Service cost $ - $ - Interest cost 273 339 Expected return on plan assets (588 ) (522 ) Net amortization 226 269 Total periodic pension (income) cost $ (89) $ 86

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	The Company’s borrowings and weighted average interest rates are summarized below: September 30, 2020 December 31, 2019 Amount Rate Amount Rate (dollars in thousands) Total FHLB borrowings $ 506,225 1.09 % $ 500,293 1.96 % By remaining period to maturity: Less than 1 year $ 352,758 0.82 % $ 400,000 1.84 % 1 year through less than 2 years 93,277 1.52 % 62,000 2.26 % 2 years through less than 3 years 57,391 1.93 % 10,737 2.45 % 3 years through less than 4 years - - 25,000 2.92 % 4 years through 5 years - - - - After 5 years 2,839 2.42 % 2,882 2.43 % Total FHLB borrowings 506,265 1.09 % 500,619 1.96 % Fair value premium (discount) (40 ) (326 ) Total borrowings $ 506,225 $ 500,293

Subordinated Debentures (Tables

Subordinated Debentures (Tables)	9 Months Ended
	Sep. 30, 2020
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 as of September 30, 2020 and December 31, 2019. Issuance Date Securities Issued Liquidation Value Coupon Rate Maturity Redeemable by Issuer Beginning 12/19/2003 $ 5,000,000 $1,000 per Capital Security Floating 3-month LIBOR + 285 Basis Points 01/23/2034 01/23/2009

Offsetting Assets and Liabili_2

Offsetting Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Offsetting Assets And Liabilities Tables
Schedule of financial instruments that are eligible for offset [Table Text Block]	Certain financial instrument-related assets and liabilities may, under GAAP, be offset on the consolidated statements of condition because they are subject to master netting agreements or similar agreements, although the Company has elected to disclose such arrangements on a gross basis on its 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 within this section. 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 following table presents information about financial instruments that are eligible for offset as of September 30, 2020 and December 31, 2019: Gross Amounts Not Offset Gross Amounts Recognized Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Financial Instruments Recognized Cash or Financial Instrument Collateral Net Amount (dollars in thousands) September 30, 2020 Assets: Interest rate swaps $ - $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ (2,728 ) $ - $ (2,728 ) $ - $ (2,728 ) $ - December 31, 2019 Assets: Interest rate swaps $ - $ - $ - $ - $ - $ - Liabilities: Interest rate swaps $ (273 ) $ - $ (273 ) $ - $ - $ (273 )

Business Combination (Details)

Business Combination (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jan. 27, 2020	Jan. 02, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 208,372		$ 208,372				$ 162,574
Intangible assets					$ 8,076
Merger expenses		$ 191	14,640	$ 8,084
BNJ acquisition [Member]
Business Acquisition [Line Items]
Per share value of stock shareholders can elect to receive per merger agreement						$ 16.25
Number of shares of stock shareholders can elect to receive per merger agreement						0.780
Goodwill						$ 45,800
Intangible assets						$ 8,100
Merger expenses	$ 0		$ 11,600
Percentage of shares converted into cash						20.00%
Percentage of common shares be converted into shares						80.00%

Business Combination (Details)

Business Combination (Details) Schedule of Fair Value of Identifiable Assets Acquired and Liabilities - USD ($) $ in Thousands	Jan. 02, 2020	Sep. 30, 2020	Sep. 30, 2019	Jan. 27, 2020
Consideration paid:
Common stock issued in acquisition	$ 118,375
Cash paid in acquisition	23,977	$ 23,977	$ 2,530
Total consideration paid:	$ 142,352
Assets acquired:
Cash and cash equivalents				$ 111,368
Securities available-for-sale				20,073
Loans, net				774,720
Premises and equipment, net				12,826
Accrued interest receivable				2,910
Core deposit intangibles				8,076
Other assets				19,309
Total assets acquired				949,282
Liabilities assumed:
Deposits				785,378
Borrowings				49,742
Other liabilities				17,609
Total liabilities assumed				852,729
Net assets acquired				96,553
Goodwill recorded in acquisition				$ 45,799

Business Combination (Details_2

Business Combination (Details) Schedule of BNJ Acquisition - BNJ acquisition [Member] $ in Thousands	Jan. 02, 2020USD ($)
Business Acquisition [Line Items]
Contractually required principal and interest acquisition	$ 14,416
Contractual cash flows not expected to be collected (non-accretable discount)	(2,111)
Expected cash flows at acquisition	12,305
Interest component of expected cash flows (accretable discount)	(605)
Fair value of acquired loans	$ 11,700

Earnings per Common Share (Deta

Earnings per Common Share (Details) - Schedule of earnings per common share - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings per common share:
Net income	$ 24,786	$ 21,696	$ 45,648	$ 52,612
Earnings allocated to participating securities	(133)	(117)	(218)	(176)
Income attributable to common stock	$ 24,653	$ 21,579	$ 45,430	$ 52,436
Weighted average common shares outstanding, including participating securities	39,656	35,307	39,624	35,317
Weighted average participating securities	(119)	(141)	(125)	(65)
Weighted average common shares outstanding	39,537	35,166	39,499	35,252
Incremental shares from assumed conversions of options, performance units and non-participating restricted shares	117	97	111	82
Weighted average common and equivalent shares outstanding	39,654	35,263	39,610	35,334
Earnings per common share:
Basic	$ 0.62	$ 0.61	$ 1.15	$ 1.49
Diluted	$ 0.62	$ 0.61	$ 1.15	$ 1.48

Securities Available-for-Sale_2

Securities Available-for-Sale (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)Integer	Dec. 31, 2019USD ($)Integer
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities Pledged as Collateral | $	$ 107.1	$ 111.5
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.	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.
Number of Investment Securities Sold | Integer	32	53

Securities Available-for-Sale_3

Securities Available-for-Sale (Details) - Unrealized gains on investment securities - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities available-for-sale
Securities, Amortized Cost	$ 443,859	$ 401,048
Securities, Gross Unrealized Gains	10,054	4,875
Securities, Gross Unrealized Losses	(898)	(1,222)
Securities, Fair Value	453,015	404,701
Federal agency obligations [Member]
Securities available-for-sale
Securities, Amortized Cost	44,431	27,667
Securities, Gross Unrealized Gains	1,768	612
Securities, Gross Unrealized Losses	(54)	(42)
Securities, Fair Value	46,145	28,237
Residential mortgage pass-through securities [Member]
Securities available-for-sale
Securities, Amortized Cost	238,193	199,611
Securities, Gross Unrealized Gains	4,166	1,528
Securities, Gross Unrealized Losses	(135)	(643)
Securities, Fair Value	242,224	200,496
Commercial mortgage pass-through securities [Member]
Securities available-for-sale
Securities, Amortized Cost	6,176	4,995
Securities, Gross Unrealized Gains	213	37
Securities, Gross Unrealized Losses	(142)	(35)
Securities, Fair Value	6,247	4,997
Obligations of U.S. states and political subdivisions [Member]
Securities available-for-sale
Securities, Amortized Cost	124,790	134,500
Securities, Gross Unrealized Gains	3,649	2,411
Securities, Gross Unrealized Losses	(43)	(392)
Securities, Fair Value	128,396	136,519
Corporate bonds and notes [Member]
Securities available-for-sale
Securities, Amortized Cost	24,916	28,142
Securities, Gross Unrealized Gains	256	285
Securities, Gross Unrealized Losses	(369)	(45)
Securities, Fair Value	24,803	28,382
Asset-backed securities [Member]
Securities available-for-sale
Securities, Amortized Cost	5,023	5,845
Securities, Gross Unrealized Gains
Securities, Gross Unrealized Losses	(155)	(65)
Securities, Fair Value	4,868	5,780
Certificates of deposit [Member]
Securities available-for-sale
Securities, Amortized Cost	149	148
Securities, Gross Unrealized Gains	2	2
Securities, Gross Unrealized Losses
Securities, Fair Value	151	150
Other securities [Member]
Securities available-for-sale
Securities, Amortized Cost	181	140
Securities, Gross Unrealized Gains
Securities, Gross Unrealized Losses
Securities, Fair Value	$ 181	$ 140

Securities Available-for-Sale_4

Securities Available-for-Sale (Details) - Investments classified by maturity date - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities Available-for-Sale:
Due in one year or less, amortized cost	$ 5,947
Due in one year or less, fair value	5,982
Due after one year through five years, amortized cost	23,657
Due after one year through five years, fair value	23,651
Due after five years through ten years, amortized cost	21,837
Due after five years through ten years, fair value	22,345
Due after ten years, amortized cost	147,868
Due after ten years, fair value	152,385
Total, amortized cost	443,859	$ 401,048
Total, fair value	453,015	404,701
Residential mortgage pass-through securities [Member]
Securities Available-for-Sale:
Total, amortized cost	238,193	199,611
Total, fair value	242,224	200,496
Commercial mortgage pass-through securities [Member]
Securities Available-for-Sale:
Total, amortized cost	6,176	4,995
Total, fair value	6,247	4,997
Other securities [Member]
Securities Available-for-Sale:
Total, amortized cost	181	140
Total, fair value	$ 181	$ 140

Securities Available-for-Sale_5

Securities Available-for-Sale (Details) - Schedule of realized gains and losses - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Proceeds		$ 33,432	$ 19,624	$ 183,728
Gross gains on sales of securities		1	29	401
Gross losses on sales of securities		(280)		(681)
Net losses on sales of securities		(279)	29	(280)
Less: tax provision on net losses		62	(6)	62
Net losses on sales of securities, after tax		$ (217)	$ 23	$ (218)

Securities Available-for-Sale_6

Securities Available-for-Sale (Details) - Schedule of unrealized losses not recognized in income - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	$ 106,732	$ 149,428
Investment Securities Available-for-Sale: Total, Unrealized Losses	(898)	(1,222)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	103,136	72,710
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(781)	(309)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	3,596	76,718
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(117)	(913)
Federal agency obligations [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	13,305	6,512
Investment Securities Available-for-Sale: Total, Unrealized Losses	(54)	(42)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	13,299	6,498
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(54)	(42)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	6	14
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses
Residential mortgage pass-through securities [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	70,465	94,980
Investment Securities Available-for-Sale: Total, Unrealized Losses	(135)	(643)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	70,455	49,154
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(135)	(179)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	10	45,826
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses		(464)
Commercial mortgage pass-through securities [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	4,016	2,006
Investment Securities Available-for-Sale: Total, Unrealized Losses	(142)	(35)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	4,016	2,006
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(142)	(35)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses
Obligations of U.S. states and political subdivisions [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	8,468	34,775
Investment Securities Available-for-Sale: Total, Unrealized Losses	(43)	(392)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	8,468	10,306
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(43)	(8)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value		24,469
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses		(384)
Corporate bonds and notes [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	5,610	5,437
Investment Securities Available-for-Sale: Total, Unrealized Losses	(369)	(45)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	5,610	2,478
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(369)	(23)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value		2,959
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses		(22)
Asset-backed securities [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	4,868	5,718
Investment Securities Available-for-Sale: Total, Unrealized Losses	(155)	(65)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	1,288	2,268
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(38)	(22)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	3,580	3,450
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	$ (117)	$ (43)

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Mar. 03, 2020	Jan. 27, 2020	Aug. 06, 2019	Jun. 04, 2019	Apr. 13, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional Amount of Interest Rate Cash Flow Hedge Derivatives					$ 25,000	$ 25,000	$ 50,000	$ 50,000	$ 25,000
Interest expense on derivatives	$ 631	$ 204	$ 942	$ 563

Derivatives (Details) - Summary

Derivatives (Details) - Summary of interest rate swap designated as a cash flow hedges - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional amount	$ 175,000	$ 175,000	$ 150,000
Weighted average pay rates	1.69%	1.83%	1.82%
Weighted average receive rates	1.03%	2.53%	2.37%
Weighted average maturity	1 year 1 month 6 days	1 year 6 months	1 year 6 months
Fair value	$ (2,728)	$ (380)	$ (273)

Derivatives (Details) - Summa_2

Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income - Interest Rate Contracts [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in OCI (Effective Portion)	$ (3,397)	$ (976)
Amount of gain (loss) reclassified from OCI to interest income	942	(563)
Amount of gain recognized in other Noninterest income (Ineffective Portion)

Derivatives (Details) - Summa_3

Derivatives (Details) - Summary of cash flow hedges included in the consolidated balance sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Derivative [Line Items]
Interest rate swaps related to FHLB advances included in assets, Fair Value	$ (2,728)	$ (273)	$ (380)
Interest Rate Swap [Member]
Derivative [Line Items]
Interest rate swaps related to FHLB advances included in assets, Notional Amount	175,000	150,000
Interest rate swaps related to FHLB advances included in assets, Fair Value	$ (2,728)	$ (273)

Loans and the Allowance for L_3

Loans and the Allowance for Loan Losses (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)Loans	Dec. 31, 2019USD ($)
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
PPP Loans	$ 474,000
Non Accrual Contractual Due	90 days
Loans Pledged as Collateral	$ 2,700,000	$ 2,500,000
Loans performing under the restructured terms	18,300	21,400
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	29,500	30,600
Troubled debt restructurings	47,800	52,000
Specific allowance	$ 4,400	$ 23
Number of deferred loans | Loans	199
Deferred loan	$ 355,167
Minimum [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Deferred period of loan	90 days
Maximum [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Deferred period of loan	120 days

Loans and the Allowance for L_4

Loans and the Allowance for Loan Losses (Details) - Composition of loan portfolio - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 6,263,260	$ 5,118,294
Net deferred loan fees	(12,209)	(4,767)
Total loans receivable	6,251,051	5,113,527
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,631,434	1,129,661
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,672,462	3,041,959
Commercial Construction Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	614,112	623,326
Residential Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	343,376	320,020
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 1,876	$ 3,328

Loans and the Allowance for L_5

Loans and the Allowance for Loan Losses (Details) - Loans held-for-sale - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount	$ 8,508	$ 33,250
Commercial Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount		2,285
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	6,460	30,965
Residential Real Estate Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount	$ 2,048

Loans and the Allowance for L_6

Loans and the Allowance for Loan Losses (Details) - Purchase credit impaired loans - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Total carrying amount	$ 13,520	$ 6,553
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Total carrying amount	3,868	5,452
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Total carrying amount	5,525	1,101
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Total carrying amount	$ 4,127

Loans and the Allowance for L_7

Loans and the Allowance for Loan Losses (Details) - Schedule of accretable yield, or income expected to be collected - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Receivables [Abstract]
Balance at beginning of period	$ 1,325	$ 2,213	$ 1,301	$ 1,134
New loans acquired			605	1,286
Accretion of income	(124)	(575)	(705)	(782)
Balance at end of period	$ 1,201	$ 1,638	$ 1,201	$ 1,638

Loans and the Allowance for L_8

Loans and the Allowance for Loan Losses (Details) - Loans receivable on nonaccrual status - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 65,494	$ 49,481
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	33,108	31,455
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	9,378	8,338
Commercial Construction 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	17,727	6,773
Residential 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	$ 5,281	$ 2,915

Loans and the Allowance for L_9

Loans and the Allowance for Loan Losses (Details) - Credit quality indicators - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 6,263,260	$ 5,118,294
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,631,434	1,129,661
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,672,462	3,041,959
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	614,112	623,326
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	343,376	320,020
Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,876	3,328
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	6,121,647	4,998,910
Pass [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,566,486	1,059,852
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,637,852	3,014,956
Pass [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	583,749	604,298
Pass [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	332,686	316,476
Pass [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,874	3,328
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	34,027	37,069
Special Mention [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	20,608	22,159
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	13,419	10,301
Special Mention [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans		4,609
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans
Special Mention [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	106,586	82,315
Substandard [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	44,340	47,650
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	21,191	16,702
Substandard [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	30,363	14,419
Substandard [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	10,690	3,544
Substandard [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	2
Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans
Doubtful [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans
Doubtful [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans
Doubtful [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans

Loans and the Allowance for _10

Loans and the Allowance for Loan Losses (Details) - Schedule of analysis of impaired loans, by class - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	$ 49,585		$ 49,585		$ 63,193
No related allowance recorded, Unpaid Principal Balance	51,085		51,085		108,804
Impaired loans with No Related Allowance Average Recorded Investment	50,034	$ 61,106	49,425	$ 61,570
Impaired loans with No Related Allowance Interest Income Recognized	231	707	657	1,111
With an allowance recorded, Recorded Investment	28,941		28,941		3,793
With an allowance recorded, Unpaid Principal Balance	74,323		74,323		3,793
With an allowance recorded, Related Allowance	11,349		11,349		1,267
Impaired loans With An Allowance Recorded Average Recorded Investment	28,941	7,083	29,113	7,026
Impaired loans With An Allowance Recorded Interest Income Recognized	5	936	5	229
Total, Recorded Investment	78,526		78,526		66,986
Total, Unpaid Principal Balance	125,408		125,408		112,597
Total, Related Allowance	11,349		11,349		1,267
Total Impaired Loans Average Recorded Investment	78,975	68,189	78,538	68,596
Total Impaired Loans Interest Income Recognized	236	936	662	1,340
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	12,185		12,185		37,984
No related allowance recorded, Unpaid Principal Balance	12,588		12,588		83,225
Impaired loans with No Related Allowance Average Recorded Investment	12,266	41,332	12,100	41,731
Impaired loans with No Related Allowance Interest Income Recognized	50	570	150	733
With an allowance recorded, Recorded Investment	23,024		23,024
With an allowance recorded, Unpaid Principal Balance	68,406		68,406
With an allowance recorded, Related Allowance	10,000		10,000
Impaired loans With An Allowance Recorded Average Recorded Investment	23,024	392	23,195	393
Impaired loans With An Allowance Recorded Interest Income Recognized
Total, Recorded Investment	35,209		35,209		37,984
Total, Unpaid Principal Balance	80,994		80,994		83,225
Total, Related Allowance	10,000		10,000
Total Impaired Loans Average Recorded Investment	35,290	41,332	35,295	41,731
Total Impaired Loans Interest Income Recognized	50	570	150	733
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	12,400		12,400		15,249
No related allowance recorded, Unpaid Principal Balance	12,696		12,696		15,467
Impaired loans with No Related Allowance Average Recorded Investment	12,460	12,178	12,415	12,213
Impaired loans with No Related Allowance Interest Income Recognized	74	79	229	221
With an allowance recorded, Recorded Investment	2,722		2,722
With an allowance recorded, Unpaid Principal Balance	2,722		2,722
With an allowance recorded, Related Allowance	1,000		1,000
Impaired loans With An Allowance Recorded Average Recorded Investment	2,722	392	2,722	393
Impaired loans With An Allowance Recorded Interest Income Recognized
Total, Recorded Investment	15,122		15,122		15,249
Total, Unpaid Principal Balance	15,418		15,418		15,467
Total, Related Allowance	1,000		1,000
Total Impaired Loans Average Recorded Investment	15,182	12,570	15,137	12,606
Total Impaired Loans Interest Income Recognized	74	79	229	221
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	21,019		21,019		8,649
No related allowance recorded, Unpaid Principal Balance	21,490		21,490		8,649
Impaired loans with No Related Allowance Average Recorded Investment	21,297	6,044	21,149	6,047
Impaired loans with No Related Allowance Interest Income Recognized	91	58	262	138
With an allowance recorded, Recorded Investment	2,934		2,934		3,530
With an allowance recorded, Unpaid Principal Balance	2,934		2,934		3,530
With an allowance recorded, Related Allowance	302		302		1,244
Impaired loans With An Allowance Recorded Average Recorded Investment	2,934	6,439	2,934	6,378
Impaired loans With An Allowance Recorded Interest Income Recognized		220		220
Total, Recorded Investment	23,953		23,953		12,179
Total, Unpaid Principal Balance	24,424		24,424		12,179
Total, Related Allowance	302		302		1,244
Total Impaired Loans Average Recorded Investment	24,231	12,483	24,083	12,425
Total Impaired Loans Interest Income Recognized	91	278	262	358
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment	3,981		3,981		1,311
No related allowance recorded, Unpaid Principal Balance	4,311		4,311		1,463
Impaired loans with No Related Allowance Average Recorded Investment	4,011	1,552	3,761	1,579
Impaired loans with No Related Allowance Interest Income Recognized	16		16	19
With an allowance recorded, Recorded Investment	261		261		263
With an allowance recorded, Unpaid Principal Balance	261		261		263
With an allowance recorded, Related Allowance	47		47		23
Impaired loans With An Allowance Recorded Average Recorded Investment	261	252	262	255
Impaired loans With An Allowance Recorded Interest Income Recognized	5	9	5	9
Total, Recorded Investment	4,242		4,242		1,574
Total, Unpaid Principal Balance	4,572		4,572		1,726
Total, Related Allowance	47		47		23
Total Impaired Loans Average Recorded Investment	4,272	1,804	4,023	1,834
Total Impaired Loans Interest Income Recognized	$ 21	$ 9	$ 21	$ 28
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment
No related allowance recorded, Unpaid Principal Balance
Total, Recorded Investment
Total, Unpaid Principal Balance
Total, Related Allowance

Loans and the Allowance for _11

Loans and the Allowance for Loan Losses (Details) - Aging analysis - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 65,494	$ 49,481
Total Past Due and Nonaccrual	86,015	58,797
Current	6,177,245	5,059,497
Gross Loans	6,263,260	5,118,294
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	33,108	31,455
Total Past Due and Nonaccrual	36,786	34,801
Current	1,594,648	1,094,860
Gross Loans	1,631,434	1,129,661
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	9,378	8,338
Total Past Due and Nonaccrual	18,830	10,808
Current	3,653,632	3,031,151
Gross Loans	3,672,462	3,041,959
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	17,727	6,773
Total Past Due and Nonaccrual	19,330	6,773
Current	594,782	616,553
Gross Loans	614,112	623,326
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	5,281	2,915
Total Past Due and Nonaccrual	11,069	6,415
Current	332,307	313,605
Gross Loans	343,376	320,020
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual
Current	1,876	3,328
Gross Loans	1,876	3,328
30 - 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	1,891	5,576
30 - 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	119	239
30 - 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual		1,980
30 - 59 Days Past Due [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	338
30 - 59 Days Past Due [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	1,434	3,357
30 - 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual
60 - 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	5,822	633
60 - 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	403
60 - 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	3,927	490
60 - 89 Days Past Due [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	1,265
60 - 89 Days Past Due [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	227	143
60 - 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual
90 Days or Greater Past Due and Still Accruing [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	12,808	3,107
90 Days or Greater Past Due and Still Accruing [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	3,156	3,107
90 Days or Greater Past Due and Still Accruing [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	5,525
90 Days or Greater Past Due and Still Accruing [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual
90 Days or Greater Past Due and Still Accruing [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	4,127
90 Days or Greater Past Due and Still Accruing [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual

Loans and the Allowance for _12

Loans and the Allowance for Loan Losses (Details) - Allowance for loan and lease losses - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
ALLL
ALLL, Individually evaluated for impairment	$ 11,349		$ 1,267
ALLL, Collectively evaluated for impairment	59,880		35,685
ALLL, Acquired portfolio	2,492		1,242
ALLL, Acquired with deteriorated credit quality
Unallocated	546		99
Total	74,267	$ 68,724	38,293	$ 38,771	$ 37,698	$ 34,954
Gross loans
Loans Receivable, Individually evaluated for impairment	78,526		66,986
Loans Receivable, Collectively evaluated for impairment	5,113,045		4,539,568
Loans Receivable, Acquired portfolio	1,058,169		505,187
Loans Receivables, Acquired with deteriorated credit quality	13,520		6,553
Total	6,263,260		5,118,294
Commercial Portfolio Segment [Member]
ALLL
ALLL, Individually evaluated for impairment	10,000
ALLL, Collectively evaluated for impairment	14,158		8,309
ALLL, Acquired portfolio			40
ALLL, Acquired with deteriorated credit quality
Unallocated
Total	24,158	9,345	8,349	8,325	8,721	9,875
Gross loans
Loans Receivable, Individually evaluated for impairment	35,209		37,984
Loans Receivable, Collectively evaluated for impairment	1,509,236		1,011,708
Loans Receivable, Acquired portfolio	83,121		74,517
Loans Receivables, Acquired with deteriorated credit quality	3,868		5,452
Total	1,631,434		1,129,661
Commercial Real Estate Portfolio Segment [Member]
ALLL
ALLL, Individually evaluated for impairment	1,000
ALLL, Collectively evaluated for impairment	37,519		19,967
ALLL, Acquired portfolio	1,559		886
ALLL, Acquired with deteriorated credit quality
Unallocated
Total	40,078	22,655	20,853	21,010	21,485	18,847
Gross loans
Loans Receivable, Individually evaluated for impairment	15,122		15,249
Loans Receivable, Collectively evaluated for impairment	2,790,162		2,669,999
Loans Receivable, Acquired portfolio	861,653		355,610
Loans Receivables, Acquired with deteriorated credit quality	5,525		1,101
Total	3,672,462		3,041,959
Commercial Construction Portfolio Segment [Member]
ALLL
ALLL, Individually evaluated for impairment	302		1,244
ALLL, Collectively evaluated for impairment	6,389		5,744
ALLL, Acquired portfolio	291		316
ALLL, Acquired with deteriorated credit quality
Unallocated
Total	6,982	8,026	7,304	7,175	5,542	4,519
Gross loans
Loans Receivable, Individually evaluated for impairment	23,953		12,179
Loans Receivable, Collectively evaluated for impairment	559,665		578,620
Loans Receivable, Acquired portfolio	30,494		32,527
Loans Receivables, Acquired with deteriorated credit quality
Total	614,112		623,326
Residential Real Estate Portfolio Segment [Member]
ALLL
ALLL, Individually evaluated for impairment	47		23
ALLL, Collectively evaluated for impairment	1,811		1,662
ALLL, Acquired portfolio	642
ALLL, Acquired with deteriorated credit quality
Unallocated
Total	2,500	1,690	1,685	1,761	1,208	1,266
Gross loans
Loans Receivable, Individually evaluated for impairment	4,242		1,574
Loans Receivable, Collectively evaluated for impairment	252,418		276,177
Loans Receivable, Acquired portfolio	82,589		42,269
Loans Receivables, Acquired with deteriorated credit quality	4,127
Total	343,376		320,020
Consumer Portfolio Segment [Member]
ALLL
ALLL, Individually evaluated for impairment
ALLL, Collectively evaluated for impairment	3		3
ALLL, Acquired portfolio
ALLL, Acquired with deteriorated credit quality
Unallocated
Total	3	5	3	4	2	2
Gross loans
Loans Receivable, Individually evaluated for impairment
Loans Receivable, Collectively evaluated for impairment	1,564		3,064
Loans Receivable, Acquired portfolio	312		264
Loans Receivables, Acquired with deteriorated credit quality
Total	1,876		3,328
Unallocated [Member]
ALLL
Unallocated	546		99
Total	$ 546	$ 27,003	$ 99	$ 496	$ 740	$ 445

Loans and the Allowance for _13

Loans and the Allowance for Loan Losses (Details) - Schedule of allowance for loan losses - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	$ 68,724	$ 37,698	$ 38,293	$ 34,954
Charge-offs	(257)	(964)	(833)	(4,046)
Recoveries	800	37	807	263
Provision	5,000	2,000	36,000	7,600
Balance	74,267	38,771	74,267	38,771
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	9,345	8,721	8,349	9,875
Charge-offs	(48)		(552)
Recoveries		28	2	214
Provision	14,861	(424)	16,359	(1,764)
Balance	24,158	8,325	24,158	8,325
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	22,655	21,485	20,853	18,847
Charge-offs		(387)		(3,469)
Recoveries	800		802	30
Provision	16,623	(88)	18,423	5,602
Balance	40,078	21,010	40,078	21,010
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	8,026	5,542	7,304	4,519
Charge-offs
Recoveries
Provision	(1,044)	1,633	(322)	2,656
Balance	6,982	7,175	6,982	7,175
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	1,690	1,208	1,685	1,266
Charge-offs	(209)	(557)	(278)	(557)
Recoveries				3
Provision	1,019	1,110	1,093	1,049
Balance	2,500	1,761	2,500	1,761
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	5	2	3	2
Charge-offs		(20)	(3)	(20)
Recoveries		9	3	16
Provision	(2)	13		6
Balance	3	4	3	4
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	27,003	740	99	445
Charge-offs
Recoveries
Provision	(26,457)	(244)	447	51
Balance	$ 546	$ 496	$ 546	$ 496

Loans and the Allowance for _14

Loans and the Allowance for Loan Losses (Details) - Schedule of Troubled Debt Restructuring by Class $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)Integer	Sep. 30, 2019USD ($)Integer
Troubled debt restructurings:
Number of Loans | Integer	2	13
Pre-Modification Outstanding Recorded Investment	$ 288	$ 22,018
Post-Modification Outstanding Recorded Investment	$ 288	$ 22,018
Commercial Portfolio Segment [Member]
Troubled debt restructurings:
Number of Loans | Integer	1	8
Pre-Modification Outstanding Recorded Investment	$ 191	$ 13,753
Post-Modification Outstanding Recorded Investment	$ 191	$ 13,753
Commercial Real Estate Portfolio Segment [Member]
Troubled debt restructurings:
Number of Loans | Integer	1	2
Pre-Modification Outstanding Recorded Investment	$ 97	$ 2,635
Post-Modification Outstanding Recorded Investment	$ 97	$ 2,635
Commercial Construction Portfolio Segment [Member]
Troubled debt restructurings:
Number of Loans | Integer		3
Pre-Modification Outstanding Recorded Investment		$ 5,630
Post-Modification Outstanding Recorded Investment		$ 5,630

Loans and the Allowance for _15

Loans and the Allowance for Loan Losses (Schedule of Composition of Loans by Loan Segments) (Details) $ in Thousands	Sep. 30, 2020USD ($)Loans
Financing Receivable, Past Due [Line Items]
Number of deferred loans | Loans	199
Unpaid Principal Balance | $	$ 355,167
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Number of deferred loans | Loans	77
Unpaid Principal Balance | $	$ 51,594
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Number of deferred loans | Loans	105
Unpaid Principal Balance | $	$ 281,636
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Number of deferred loans | Loans	6
Unpaid Principal Balance | $	$ 20
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Number of deferred loans | Loans	11
Unpaid Principal Balance | $	$ 5,284

Fair Value Measurements and F_3

Fair Value Measurements and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 28,941	$ 3,793
Impaired Financing Receivable, Related Allowance	11,349	1,267
Impaired Loans [Member]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	28,900	3,800
Impaired Financing Receivable, Related Allowance	$ 11,300	$ 1,300

Fair Value Measurements and F_4

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Fair Value on a recurring basis - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available-for-sale:
Securities available-for-sale	$ 453,015	$ 404,701
Equity securities	13,400	11,185
LIABILITIES
Derivatives	2,728	273
Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale	181	140
Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	443,992	395,447
Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale	8,912	9,114
Federal agency obligations [Member]
Available-for-sale:
Securities available-for-sale	46,145	28,237
Residential mortgage pass-through securities [Member]
Available-for-sale:
Securities available-for-sale	242,224	200,496
Commercial mortgage pass-through securities [Member]
Available-for-sale:
Securities available-for-sale	6,247	4,997
Obligations of U.S. states and political subdivisions [Member]
Available-for-sale:
Securities available-for-sale	128,396	136,519
Corporate bonds and notes [Member]
Available-for-sale:
Securities available-for-sale	24,803	28,382
Asset-backed securities [Member]
Available-for-sale:
Securities available-for-sale	4,868	5,780
Certificates of deposit [Member]
Available-for-sale:
Securities available-for-sale	151	150
Other securities [Member]
Available-for-sale:
Securities available-for-sale	181	140
Recurring [Member]
Available-for-sale:
Securities available-for-sale	453,015	404,701
Equity securities	13,400	11,185
Total assets	466,415	415,886
LIABILITIES
Derivatives	(2,728)	(273)
Total liabilities	(2,728)	(273)
Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale	181	140
Equity securities	11,440	11,185
Total assets	11,621	11,325
LIABILITIES
Derivatives
Total liabilities
Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	443,922	395,447
Equity securities	1,960
Total assets	445,882	395,447
LIABILITIES
Derivatives	(2,728)	(273)
Total liabilities	(2,728)	(273)
Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale	8,912	9,114
Equity securities
Total assets	8,912	9,114
LIABILITIES
Derivatives
Total liabilities
Recurring [Member] | Federal agency obligations [Member]
Available-for-sale:
Securities available-for-sale	46,145	28,237
Recurring [Member] | Federal agency obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Federal agency obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	46,145	28,237
Recurring [Member] | Federal agency obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Residential mortgage pass-through securities [Member]
Available-for-sale:
Securities available-for-sale	242,224	200,496
Recurring [Member] | Residential mortgage pass-through securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Residential mortgage pass-through securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	242,224	200,496
Recurring [Member] | Residential mortgage pass-through securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Commercial mortgage pass-through securities [Member]
Available-for-sale:
Securities available-for-sale	6,247	4,997
Recurring [Member] | Commercial mortgage pass-through securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Commercial mortgage pass-through securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	6,247	4,997
Recurring [Member] | Commercial mortgage pass-through securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member]
Available-for-sale:
Securities available-for-sale	128,396	136,519
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	119,484	127,405
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale	8,912	9,114
Recurring [Member] | Corporate bonds and notes [Member]
Available-for-sale:
Securities available-for-sale	24,803	28,382
Recurring [Member] | Corporate bonds and notes [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Corporate bonds and notes [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	24,803	28,382
Recurring [Member] | Corporate bonds and notes [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Asset-backed securities [Member]
Available-for-sale:
Securities available-for-sale	4,868	5,780
Recurring [Member] | Asset-backed securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Asset-backed securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	4,868	5,780
Recurring [Member] | Asset-backed securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Certificates of deposit [Member]
Available-for-sale:
Securities available-for-sale	151	150
Recurring [Member] | Other securities [Member]
Available-for-sale:
Securities available-for-sale	181	140
Recurring [Member] | Other securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale	181	140
Recurring [Member] | Other securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Other securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Certificate Of Deposit [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale
Recurring [Member] | Certificate Of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	151	150
Recurring [Member] | Certificate Of Deposit [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale

Fair Value Measurements and F_5

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Assets at Fair Value on Non-Recurring - Impaired Loans [Member] - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Commercial Portfolio Segment [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	$ 13,024
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	13,024
Commercial Real Estate [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	1,722
Commercial Real Estate [Member] | Fair Value, Inputs, Level 1 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Commercial Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Commercial Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	1,722
Residential [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	214	$ 240
Residential [Member] | Fair Value, Inputs, Level 1 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Residential [Member] | Fair Value, Inputs, Level 2 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Residential [Member] | Fair Value, Inputs, Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	214	240
Commercial construction [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	2,632	2,286
Commercial construction [Member] | Fair Value, Inputs, Level 1 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Commercial construction [Member] | Fair Value, Inputs, Level 2 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Commercial construction [Member] | Fair Value, Inputs, Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	$ 2,632	$ 2,286

Fair Value Measurements and F_6

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value recurring basis - Municipal Securities [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Balance of recurring Level 3 assets at January 1	$ 9,114	$ 9,377
Principal paydowns	(202)	(263)
Balance of recurring Level 3 assets at December 31	$ 8,912	$ 9,114

Fair Value Measurements and F_7

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value on recurring item basis - Recurring [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Fair value	$ 466,415	$ 415,886
Municipal Securities [Member]
Fair value	$ 8,912	$ 9,114
Valuation Techniques	Discounted cash flows	Discounted cash flows
Unobservable Input	Discount rate	Discount rate
Rate	2.90%	2.90%

Fair Value Measurements and F_8

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of Fair Value on a non-recurring basis - Impaired Loans [Member] $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Commercial Portfolio Segment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 13,024
Commercial Real Estate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	1,722
Commercial construction [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	2,632	$ 2,286
Non-recurring [Member] | Commercial Portfolio Segment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 13,024
Valuation Techniques	Market approach (100%)
Unobservable Input	Average transfer price as a price to unpaid principal balance
Non-recurring [Member] | Commercial Portfolio Segment [Member] | Market approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Market range	63
Non-recurring [Member] | Commercial Portfolio Segment [Member] | Market approach [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Market range	62
Non-recurring [Member] | Commercial Portfolio Segment [Member] | Market approach [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Market range	68
Non-recurring [Member] | Commercial Real Estate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,722
Valuation Techniques	Appraisals of collateral value
Unobservable Input	Adjustment for comparable sales
Non-recurring [Member] | Commercial Real Estate [Member] | Sales comparison approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(8.00%)
Non-recurring [Member] | Commercial Real Estate [Member] | Sales comparison approach [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(25.00%)
Non-recurring [Member] | Commercial Real Estate [Member] | Sales comparison approach [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	20.00%
Non-recurring [Member] | Commercial construction [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 2,632	$ 2,286
Valuation Techniques	Appraisals of collateral value	Appraisals of collateral value
Unobservable Input	Adjustment for comparable sales	Comparable sales
Non-recurring [Member] | Commercial construction [Member] | Sales comparison approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(3.00%)	3.00%
Non-recurring [Member] | Commercial construction [Member] | Sales comparison approach [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(13.00%)	0.00%
Non-recurring [Member] | Commercial construction [Member] | Sales comparison approach [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	6.00%	5.00%
Non-recurring [Member] | Residential Real Estate Portfolio Segment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 214	$ 240
Valuation Techniques	Appraisals of collateral value	Appraisals of collateral value
Unobservable Input	Adjustment for comparable sales	Comparable sales
Non-recurring [Member] | Residential Real Estate Portfolio Segment [Member] | Sales comparison approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	0.00%	9.00%
Non-recurring [Member] | Residential Real Estate Portfolio Segment [Member] | Sales comparison approach [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(3.00%)	2.00%
Non-recurring [Member] | Residential Real Estate Portfolio Segment [Member] | Sales comparison approach [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	11.00%	14.00%

Fair Value Measurements and F_9

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value hierarchy - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Financial assets
Cash and due from banks, Carrying Amount	$ 256,119	$ 201,483	$ 194,009	$ 172,366
Cash and due from banks, Fair Value	256,119	201,483
Securities available-for-sale, Carrying Amount	453,015	404,701
Securities available-for-sale	453,015	404,701
Investment in restricted stocks, Carrying Amount	28,713	27,397
Investment in restricted stocks, Fair Value
Equity securities, Carrying Amount	13,400	11,185
Equity securities, Fair Value	13,400	11,185
Net loans, Carrying Amount	6,176,784	5,075,234
Net loans, Fair Value	6,270,322	5,096,669
Accrued interest receivable, Carrying Amount	34,326	20,949
Accrued interest receivable, Fair Value	34,326	20,949
Financial liabilities
Noninterest-bearing deposits, Carrying Amount	1,270,021	861,728
Noninterest-bearing deposits, Fair Value	1,270,021	861,728
Interest-bearing deposits, Carrying Amount	4,528,735	3,905,814
Interest-bearing deposits, Fair Value	4,547,338	3,917,405
Borrowings, Carrying Amount	506,225	500,293
Borrowings, Fair Value	510,736	502,026
Subordinated debentures, Carrying Amount	202,552	128,885
Subordinated debentures, Fair Value	209,328	134,973
Derivatives, Carrying Amount	2,728	273
Derivatives, Fair Value	2,728	273
Accrued interest payable, Carrying Amount	4,240	4,018
Accrued interest payable, Fair Value	4,240	4,018
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and due from banks, Fair Value	256,119	201,483
Securities available-for-sale	181	140
Investment in restricted stocks, Fair Value
Equity securities, Fair Value	11,440	11,185
Net loans, Fair Value
Accrued interest receivable, Fair Value
Financial liabilities
Noninterest-bearing deposits, Fair Value	1,270,021	861,728
Interest-bearing deposits, Fair Value	2,909,126	2,352,093
Borrowings, Fair Value
Subordinated debentures, Fair Value
Derivatives, Fair Value
Accrued interest payable, Fair Value
Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and due from banks, Fair Value
Securities available-for-sale	443,992	395,447
Investment in restricted stocks, Fair Value
Equity securities, Fair Value	1,960
Net loans, Fair Value
Accrued interest receivable, Fair Value	1,788	2,187
Financial liabilities
Noninterest-bearing deposits, Fair Value
Interest-bearing deposits, Fair Value	1,638,212	1,565,312
Borrowings, Fair Value	510,736	502,026
Subordinated debentures, Fair Value	209,328	134,973
Derivatives, Fair Value	2,728	273
Accrued interest payable, Fair Value	4,240	4,018
Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and due from banks, Fair Value
Securities available-for-sale	8,912	9,114
Investment in restricted stocks, Fair Value
Equity securities, Fair Value
Net loans, Fair Value	6,270,322	5,096,669
Accrued interest receivable, Fair Value	32,538	18,762
Financial liabilities
Noninterest-bearing deposits, Fair Value
Interest-bearing deposits, Fair Value
Borrowings, Fair Value
Subordinated debentures, Fair Value
Derivatives, Fair Value
Accrued interest payable, Fair Value

Comprehensive Income (Details)

Comprehensive Income (Details) - Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Line Items]
Sale of securities available-for-sale Net gains on sale of securities available-for-sale	$ 703	$ 2,236	$ 5,532	$ 11,821
Sale of securities available-for-sale Income tax expense	(160)	(584)	(1,459)	(3,061)
Net interest income on swaps - Borrowings	(631)	(204)	(942)	(563)
Net interest income on swaps Income tax expense	196	(46)	265	(125)
Net interest income on swaps	435	(158)	677	(438)
Total reclassification	992	1,753	2,448	7,661
Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss) [Member]
COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Line Items]
Sale of securities available-for-sale Net gains on sale of securities available-for-sale		(279)	29	(280)
Sale of securities available-for-sale Income tax expense		62	(6)	62
Sale of securities available-for-sale		(217)	23	(218)
Net interest income on swaps - Borrowings	(631)	204	(942)	563
Net interest income on swaps Income tax expense	196	(46)	265	(125)
Net interest income on swaps	(435)	158	(677)	438
Amortization of pension plan net actuarial losses - other components of net periodic pension expense	(75)	(90)	(226)	(269)
Amortization of pension plan net actuarial losses Income tax benefit	21	26	63	76
Amortization of pension plan net actuarial losses	(54)	(64)	(163)	(193)
Total reclassification	$ (489)	$ (123)	$ (817)	$ (27)

Comprehensive Income (Details_2

Comprehensive Income (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract]
Investment securities available-for-sale, net of tax	$ 6,774	$ 2,724
Cash flow hedge, net of tax	(1,958)	(193)
Defined benefit pension and post-retirement plans, net of tax	(3,515)	(3,678)
Total accumulated other comprehensive loss	$ 1,301	$ (1,147)

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2017
Stock-based compensation expense	$ 0.8	$ 2
Share-based Compensation Arrangement by Share-based Payment Award, Award expiration Period		10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Outstanding Ending Balance	48,013	48,013	73,426
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)		123,870
Unrecognized compensation cost related to nonvested shares	$ 1.2	$ 1.2
Weighted average period related to compesation cost		1 year 1 month 6 days
Performance unit shares to satisfy tax obligation created from vesting, net		11,085
Shares issued as a result of net performance share issued to satisfy tax obligation		16,541
Outstanding Ending Balance	169,313	169,313	73,069
Restricted Stock [Member]
Unrecognized compensation cost related to nonvested shares	$ 1.8	$ 1.8
Weighted average period related to compesation cost		2 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)		22,402
Unrecognized compensation cost related to nonvested shares	$ 1.1	$ 1.1
Weighted average period related to compesation cost		1 year 10 months 24 days
Performance unit shares to satisfy tax obligation created from vesting, net		14,935
Unearned [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)		82,579
Outstanding Ending Balance	137,829	137,829	90,097
Unearned [Member] | Maximum [Member]
Outstanding Ending Balance	206,744	206,744
2017 Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)				750,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)		313,054

Stock Based Compensation (Det_2

Stock Based Compensation (Details) - Disclosure of Share-based Compensation Arrangements by Share-based Payment Award - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Outstanding Beginning Balance	73,426
Exercised	(25,413)	(28,937)
Forfeited/cancelled/expired
Outstanding Ending Balance	48,013
Exercisable Ending Balance	48,013
Outstanding Beginning Balance, Weighted-Average Exercise Price	$ 8.19
Exercised, Weighted-Average Granted Price
Exercised, Weighted-Average Exercise Price	7.39
Forfeited/cancelled/expired, Weighted-Average Exercise Price
Outstanding Ending Balance, Weighted-Average Exercise Price	8.61
Exercisable Ending Balance, Weighted-Average Exercise Price	$ 8.61
Outstanding Ending Balance - Weighted-Average Remaining Contractual Term (In Years)	1 year 6 months
Exercisable Ending Balance - Weighted-Average Remaining Contractual Term (In Years)	1 year 6 months
Outstanding Ending Balance - Aggregate Intrinsic Value	$ 262,366
Exercisable Ending Balance - Aggregate Intrinsic Value	$ 262,366

Stock Based Compensation (Det_3

Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Nonvested Shares - Nonvested [Member]	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Nonvested at December 31, 2019 | shares	75,351
Granted | shares	68,853
Vested | shares	(51,292)
Forfeited/cancelled/expired | shares	(322)
Nonvested September 30, 2020 | shares	92,590
Outstanding, beginning balance | $ / shares	$ 21.61
Granted | $ / shares	17.42
Vested | $ / shares	21.33
Forfeited/cancelled/expired | $ / shares	23.65
Outstanding, ending balance | $ / shares	$ 18.64

Stock Based Compensation (Det_4

Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Unearned Shares	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Outstanding Beginning Balance	73,426
Outstanding Ending Balance	48,013
Unearned [Member]
Outstanding Beginning Balance	90,097
Awarded	82,579
Change in estimate	2,490
Vested shares	(37,337)
Outstanding Ending Balance	137,829
Outstanding, beginning balance | $ / shares	$ 23.85
Awarded | $ / shares	10.77
Change in estimate | $ / shares	22.75
Vested shares | $ / shares	22.75
Outstanding, ending balance | $ / shares	$ 16.29
Restricted Stock [Member]
Outstanding Beginning Balance	73,069
Awarded	123,870
Vested shares	(27,626)
Outstanding Ending Balance	169,313
Outstanding, beginning balance | $ / shares	$ 23.62
Awarded | $ / shares	10.77
Vested shares | $ / shares	24.53
Outstanding, ending balance | $ / shares	$ 14.07

Components of Net Periodic Pe_3

Components of Net Periodic Pension Cost (Schedule of Net Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Average daily balance during the year
Service cost
Interest cost	91	113	273	339
Expected return on plan assets	(196)	(174)	(588)	(522)
Net amortization	75	90	226	269
Total periodic pension (income) cost	$ (30)	$ 29	$ (89)	$ 86

FHLB Borrowings (Details)

FHLB Borrowings (Details) $ in Billions	Sep. 30, 2020USD ($)
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]
Value of commercial loans used as collateral for FHLB advances	$ 2
Remaining borrowing capacity	$ 1.1

FHLB Borrowings (Details) - Sch

FHLB Borrowings (Details) - Schedule of components of FHLB borrowings and weighted average interest rates - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
By type of borrowing:
FHLB borrowings (in Dollars)	$ 506,225	$ 500,293
Weighted average interest rates	1.09%	1.96%
By remaining period to maturity:
Less than 1 year (in Dollars)	$ 352,758	$ 400,000
Less than 1 year	0.82%	1.84%
1 year through less than 2 years (in Dollars)	$ 93,277	$ 62,000
1 year through less than 2 years	1.52%	2.26%
2 years through less than 3 years (in Dollars)	$ 57,391	$ 10,737
2 years through less than 3 years	1.93%	2.45%
3 years through less than 4 years (in Dollars)		$ 25,000
3 years through less than 4 years		2.92%
4 years through less than 5 years (in Dollars)
4 years through less than 5 years
After 5 years (in Dollars)	$ 2,839	$ 2,882
After 5 years	2.42%	2.43%
Total FHLB borrowings (in Dollars)	$ 506,265	$ 500,619
Fair value premium (discount)	(40)	(326)
Total borrowings	$ 506,225	$ 500,293

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Millions	Jun. 10, 2020	Jan. 11, 2018	Jun. 30, 2015	Sep. 30, 2020
Fixed-to-floating Rate Subordinated Notes [Member]
Subordinated Debentures (Details) [Line Items]
Proceeds from Issuance of Debt			$ 50
Debt Instrument, Maturity Date			Jul. 1, 2025
Debt Instrument, Description of Variable Rate Basis			three-month LIBOR rate plus 393 basis points
Debt Instrument, Basis Spread on Variable Rate			4.23%
Subordinated Debt from Trust [Member]
Subordinated Debentures (Details) [Line Items]
Value of subordinated debentures received by Trust				$ 5
Percentage Rate Added to Libor				2.85%
Floating interest rate on subordinated debentures				3.19%
Proceeds from Issuance of Debt				$ 5.2
Debt Instrument, Maturity Date				Jan. 23, 2034
Fixed-to-floating Rate Subordinated 2018 Notes [Member]
Subordinated Debentures (Details) [Line Items]
Percentage Rate Added to Libor		2.84%
Proceeds from Issuance of Debt		$ 75
Debt Instrument, Maturity Date		Feb. 1, 2023
Debt Instrument, Interest Rate, Stated Percentage		5.20%
Debt Instrument, Description of Variable Rate Basis		three-month LIBOR rate plus 284 basis points
Unamortized debt issuance costs				$ 1.1
Fixed-to-floating Rate Subordinated 2020 Notes [Member]
Subordinated Debentures (Details) [Line Items]
Proceeds from Issuance of Debt	$ 75
Debt Instrument, Maturity Date	Sep. 15, 2025
Debt Instrument, Interest Rate, Stated Percentage	5.75%
Debt Instrument, Description of Variable Rate Basis	Three-Month Term SOFR (as defined in the Second Supplemental Indenture), plus 560.5 basis points
Unamortized debt issuance costs				$ 1.5

Subordinated Debentures (Deta_2

Subordinated Debentures (Details) - Schedule of Subordinated Borrowing - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
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 Liabili_3

Offsetting Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Gross Amounts Recognized, Liabilities	$ 2,728	$ 273
Interest Rate Swap [Member]
Gross Amounts Recognized, Assets
Gross Amounts Recognized, Liabilities	(2,728)	(273)
Gross Amounts Offset in the Statement of Financial Position, Assets
Gross Amounts Offset in the Statement of Financial Position, Liabilities
Net Amounts of Assets Presented in the Statement of Financial Position, Assets
Net Amounts of Assets Presented in the Statement of Financial Position, Liabilities	(2,728)	(273)
Financial Instruments Recognized, Assets
Financial Instruments Recognized, Liabilities
Cash or Financial Instrument Collateral, Assets
Cash or Financial Instrument Collateral, Liabilities	(2,728)
Net Amount, Assets
Net Amount, Liabilities		$ (273)

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 208,372	$ 162,574

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Right of use asset	$ 22,830	$ 15,137
Leased Branch Offices [Member]
Right of use asset	200
Lease liability	$ 200