ConnectOne Bancorp (CNOB) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 06, 2021
Document And Entity Information
Document Type	10-Q
Entity Central Index Key	0000712771
Document Period End Date	Jun. 30, 2021
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
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
Title of 12(b) Security	Common stock
Trading Symbol	CNOB
Name of Exchange on which Security is Registered	NASDAQ
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
Entity Information, Former Legal or Registered Name	N/A
Entity Common Stock, Shares Outstanding		39,794,815

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 59,148	$ 63,637
Interest-bearing deposits with banks	290,269	240,119
Cash and cash equivalents	349,417	303,756
Investment securities	458,933	487,955
Equity securities	13,223	13,387
Loans held-for-sale	6,159	4,710
Loans receivable	6,407,904	6,236,307
Less: Allowance for credit losses - loans	78,684	79,226
Net loans receivable	6,329,220	6,157,081
Investment in restricted stock, at cost	22,563	25,099
Bank premises and equipment, net	28,811	30,108
Accrued interest receivable	34,001	35,317
Bank owned life insurance	193,209	165,960
Right of use operating lease assets	12,504	16,159
Goodwill	208,372	208,372
Core deposit intangibles	9,963	10,977
Other assets	43,707	88,458
Total assets	7,710,082	7,547,339
Deposits:
Noninterest-bearing	1,485,952	1,339,108
Interest-bearing	4,706,561	4,620,116
Total deposits	6,192,513	5,959,224
Borrowings	353,462	425,954
Subordinated debentures, net	152,800	202,648
Operating lease liabilities	14,235	18,026
Other liabilities	32,112	26,177
Total liabilities	6,745,122	6,632,029
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred Stock: Authorized 5,000,000 shares
Common stock, no par value: Authorized 50,000,000 shares; issued 42,547,077 shares as of June 30, 2021 and 42,444,031 shares as of December 31, 2020; outstanding 39,794,815 shares as of June 30, 2021 and 39,785,398 as of December 31, 2020	586,946	586,946
Additional paid-in capital	24,606	23,887
Retained earnings	386,280	331,951
Treasury stock, at cost 2,752,262 common shares as of June 30, 2021 and 2,658,633 as of December 31, 2020	(32,682)	(30,271)
Accumulated other comprehensive (loss) income	(190)	2,797
Total stockholders' equity	964,960	915,310
Total liabilities and stockholders' equity	$ 7,710,082	$ 7,547,339

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - shares	Jun. 30, 2021	Dec. 31, 2020
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	42,547,077	42,444,031
Common stock, shares outstanding	39,794,815	39,785,398
Treasury Stock, Shares	2,752,262	2,658,633

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income
Interest and fees on loans	$ 71,101	$ 75,797	$ 141,563	$ 148,733
Interest and dividends on investment securities:
Taxable	995	1,712	2,083	3,778
Tax-exempt	608	647	1,374	1,460
Dividends	263	442	519	842
Interest on federal funds sold and other short-term investments	84	79	133	578
Total interest income	73,051	78,677	145,672	155,391
Interest expense
Deposits	6,424	13,597	14,009	30,809
Borrowings	3,618	4,290	7,491	8,511
Total interest expense	10,042	17,887	21,500	39,320
Net interest income	63,009	60,790	124,172	116,071
(Reversal of) provision for credit losses	(1,649)	15,000	(7,415)	31,000
Net interest income after (reversal of) provision for credit losses	64,658	45,790	131,587	85,071
Noninterest income
Deposit, loan and other income	2,222	3,212	3,390	4,499
Income on bank owned life insurance	1,185	1,128	2,249	2,095
Net gains on sale of loans held-for-sale	847	237	1,554	630
Gain on sale of branches			674
Net gains (losses) on equity securities	23	44	(164)	222
Net gains on sales/redemption of securities available-for-sale	195		195	29
Total noninterest income	4,472	4,621	7,898	7,475
Noninterest expenses
Salaries and employee benefits	15,351	14,529	30,983	29,122
Occupancy and equipment	3,187	3,156	6,591	6,627
FDIC insurance	580	1,093	1,515	1,949
Professional and consulting	2,117	1,673	4,073	3,247
Marketing and advertising	278	426	519	730
Data processing	1,603	1,586	3,139	3,059
Merger and restructuring expenses		5,146		14,640
Amortization of core deposit intangibles	508	652	1,015	1,304
Increase in value of acquisition price		2,333		2,333
Other components of net periodic pension expense	(67)	(29)	(134)	(59)
Other expenses	2,702	2,498	5,043	5,169
Total noninterest expenses	26,259	33,063	52,744	68,121
Income before income tax expense	42,871	17,348	86,741	24,425
Income tax expense	10,652	2,516	21,523	3,563
Net income	$ 32,219	$ 14,832	$ 65,218	$ 20,862
Earnings per common share:
Basic	$ 0.81	$ 0.37	$ 1.64	$ 0.53
Diluted	$ 0.81	$ 0.37	$ 1.63	$ 0.52

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 32,219	$ 14,832	$ 65,218	$ 20,862
Unrealized gains and losses:
Unrealized holding gains (losses) on available-for-sale securities arising during the period	271	(1,423)	(5,169)	4,829
Tax effect	(68)	392	1,364	(1,299)
Net of tax	203	(1,031)	(3,805)	3,530
Reclassification adjustment for realized gains included in net income	(195)		(195)	(29)
Tax effect	48		48	6
Net of tax	(147)		(147)	(23)
Unrealized losses on cash flow hedges	(42)	(566)	(18)	(3,315)
Tax effect	15	140	4	913
Net of tax	(27)	(426)	(14)	(2,402)
Reclassification adjustment for realized losses on cash flow hedges included in net income	584	318	1,215	311
Tax effect	(167)	(71)	(344)	(69)
Net of tax	417	247	871	242
Unrealized pension plan gains and losses:
Reclassification adjustment for pension plan amortization included in net income	75	76	150	151
Tax effect	(22)	(21)	(42)	(42)
Net of tax	53	55	108	109
Total other comprehensive income (loss)	499	(1,155)	(2,987)	1,456
Total comprehensive income	$ 32,718	$ 13,677	$ 62,231	$ 22,318

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, 2019		$ 468,571	$ 21,344	$ 271,782	$ (29,360)	$ (1,147)	$ 731,190
Net income				20,862			20,862
Other comprehensive income (loss), net of tax						1,456	1,456
Cash dividends declared on common stock				(3,956)			(3,956)
Exercise of stock options			163				163
Restricted stock grants
Net shares issued in satisfaction of restricted stock units earned
Net shares issued in satisfaction of performance 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
Stock-based compensation			1,201				1,201
Balance at Jun. 30, 2020		586,946	22,069	288,688	(30,271)	309	867,741
Balance at Mar. 31, 2020		586,946	21,746	273,825	(30,271)	1,464	853,710
Net income				14,832			14,832
Other comprehensive income (loss), net of tax						(1,155)	(1,155)
Cash dividends adjustment				31			31
Restricted stock grants
Share redemption for tax withholdings on performance units and restricted stock units earned			(342)				(342)
Stock-based compensation			665				665
Balance at Jun. 30, 2020		586,946	22,069	288,688	(30,271)	309	867,741
Balance at Dec. 31, 2020		586,946	23,887	331,951	(30,271)	2,797	915,310
Cumulative effect of change in accounting principle (see note 1b. "Authoritative Accounting Guidance Presentation"), net of tax				(2,925)			(2,925)
Balance on January 1 at Dec. 31, 2020		586,946	23,887	329,026	(30,271)	2,797	912,385
Net income				65,218			65,218
Other comprehensive income (loss), net of tax						(2,987)	(2,987)
Cash dividends declared on common stock				(7,964)			(7,964)
Exercise of stock options			45				45
Restricted stock grants
Stock grants
Net shares issued in satisfaction of restricted stock units earned
Net shares issued in satisfaction of performance units earned
Share redemption for tax withholdings on performance units and restricted stock units earned			(1,283)				(1,283)
Repurchase of treasury stock					(2,411)		(2,411)
Stock-based compensation			1,957				1,957
Balance at Jun. 30, 2021		586,946	24,606	386,280	(32,682)	(190)	964,960
Balance at Mar. 31, 2021		586,946	23,621	358,441	(32,682)	(689)	935,637
Net income				32,219			32,219
Other comprehensive income (loss), net of tax						499	499
Cash dividends declared on common stock				(4,380)			(4,380)
Restricted stock grants
Stock-based compensation			985				985
Balance at Jun. 30, 2021		$ 586,946	$ 24,606	$ 386,280	$ (32,682)	$ (190)	$ 964,960

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Cash dividends declared on common stock (in Dollars per share)	$ 0.11		$ 0.20	$ 0.090
Exercise of stock options, shares			5,449	25,413
Restricted stock and performance units grants, shares	21,213	48,169	47,982	68,853
Stock grants, shares			446
Restricted stock units, shares			14,711	16,541
Net performance units issued			34,458	22,402
Repurchase of treasury stock			93,629	54,693
Greater Hudson Bank [Member]
Stock issued in acquisition				4,602,450

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net income	$ 65,218	$ 20,862
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	1,746	1,860
(Reversal of) provision for credit losses	(7,415)	31,000
Amortization of intangibles	1,015	1,304
Net accretion of loans	(2,803)	(3,752)
Accretion on bank premises	(45)	(45)
Accretion on deposits	(1,248)	(2,673)
Accretion on borrowings, net	(36)	(104)
Stock-based compensation	1,957	1,201
Gains on sales/redemptions of securities available-for-sale, net	(195)	(29)
Losses (gains) on equity securities, net	164	(222)
Gain on sale of branches	(674)
Net losses on disposition of fixed assets	27
Gains on sales of loans held-for-sale, net	(1,554)	(630)
Loans originated for resale	(30,600)	(17,141)
Proceeds from sale of loans held-for sale	40,043	30,894
Payments on loans held-for-sale	18	172
Gain on sale of other real estate owned	(18)
Increase in cash surrender value of bank owned life insurance	(2,249)	(2,095)
Amortization of premiums and accretion of discounts on securities available-for-sale, net	3,152	2,512
Amortization of subordinated debentures issuance costs	152	170
Decrease (increase) in accrued interest receivable	1,316	(6,035)
Net change in operating leases	(439)	2,051
Decrease in other assets	48,236	25,042
Increase (decrease) in other liabilities	3,705	(8,602)
Net cash provided by operating activities	119,473	75,740
Cash flows from investing activities
Purchases	(126,641)	(108,584)
Sales		19,624
Maturities, calls and principal repayments	147,342	97,625
Purchases of equity securities		(2,000)
Net redemptions of restricted investment in bank stocks	2,536	3,805
Net increase in loans	(173,384)	(463,094)
Purchases of bank owned life insurance	(25,000)	(25,000)
Purchases of premises and equipment	(541)	(855)
Proceeds from sale of branches	1,087
Proceeds from sale of OREO	321	992
Cash and cash equivalents acquired in acquisition, net		87,391
Net cash used in investing activities	(174,280)	(390,096)
Cash flows from financing activities
Net increase in deposits	234,537	276,614
(Repayment of) increase in subordinated debentures	(50,000)	73,421
Advances of borrowings	100,000	1,376,489
Repayments of borrowings	(172,456)	(1,259,358)
Repurchase of treasury stock	(2,411)	(911)
Cash dividends paid on common stock	(7,964)	(3,545)
Proceeds from exercise of stock options	45	163
Share redemption for tax withholdings on performance units and restricted stock units earned	(1,283)	(639)
Net cash provided by financing activities	100,468	462,234
Net change in cash and cash equivalents	45,661	147,878
Cash and cash equivalents at beginning of period	303,756	201,483
Cash and cash equivalents at end of period	349,417	349,361
Cash payments for:
Interest paid on deposits and borrowings	23,236	41,189
Income taxes	20,299	12,096
Investing:
Transfer of loans from held-for-investment to other real estate owned	304
Transfer of loans from held-for-investment to held-for-sale	9,356	10,995
Transfer of loans from held-for-sale to held-for-investment		19,738
Business combinations:
Fair value of assets acquired		949,282
Fair value of liabilities assumed		$ 852,729

Nature of Operations, Principle

Nature of Operations, Principles of Consolidation and Risk and Uncertainties	6 Months Ended
	Jun. 30, 2021
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), Port Jervis Holdings, LLC (a New Jersey limited liability company), BONJ Special Properties, LLC (a New Jersey limited liability company) and BoeFly, Inc. (a New Jersey financial technology company). 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-five 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 six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2021, or for any other interim period. The Company’s 2020 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements. Basis of Presentation 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 impact the United States and the world. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act

Authoritative Accounting Guidan

Authoritative Accounting Guidance	6 Months Ended
	Jun. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Authoritative Accounting Guidance	Note 1b. Authoritative Accounting Guidance Adoption of New Accounting Standards in 2021 Effective January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) 2016-13 “ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which replaced the prior incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL” or the “CECL Standard”). The measurement of expected credit losses under the CECL Standard is applicable to financial assets measured at amortized cost, including portfolio loans and investment securities classified as held-to-maturity (“HTM”). It also applies to off-balance sheet credit exposures including loan commitments, standby letters of credit, financial guarantees and other similar instruments. In addition, the CECL Standard changes the accounting for investment securities classified as ("AFS"), including a requirement that estimated credit losses on AFS securities be presented as an allowance rather than as a direct write-down of the carrying balance of securities which we do not intend to sell, or believe that it is more likely than not, that we will be required to sell. The Company adopted the CECL Standard using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. As discussed further below, purchased credit deteriorated assets were measured on a prospective basis in accordance with the CECL Standard and all purchase credit impaired loans as of December 31, 2020 were considered purchased credit deteriorated loans upon adoption. Results for reporting periods beginning after January 1, 2021 are presented under the CECL Standard while prior period amounts continue to be reported in accordance with previously applicable accounting guidance. The adoption of the CECL Standard resulted in the following adjustments to our financial statements as of January 1, 2021 (dollars in thousands): Change in Consolidated Change to Retained Earnings Statement of Condition Tax Effect from Adoption of CECL Allowance for credit losses (“ACL”) (loans) $ 1,350 $ 406 $ 944 Adjustment related to purchased credit-impaired loan marks (1) 5,207 - - Total ACL - loans 6,557 406 944 ACL (unfunded credit commitments) 2,833 852 1,981 Total impact of CECL adoption $ 9,390 $ 1,258 $ 2,925 (1) This amounts represents a gross-up of the balance sheet related to nonaccretable credit marks of purchased credit-impaired loans resulting from adoption of CECL on January 1, 2021. Loans designated as purchased credit impaired loans (“PCI”) and accounted for under Accounting Standards Codification (“ASC”) 310-30 were designated as purchased with credit deterioration loans (“PCD”). In accordance with the CECL Standard, the Company did not reassess whether PCI loans met the criteria of PCD loans as of the date of adoption and determined all PCI loans were PCD loans. The Company recorded an increase to the balance of PCD loans and an increase to the ACL for loans of $5.2 million, which represented the expected credit losses for PCD loans. The remaining non-credit discount (based on the adjusted amortized cost basis) will be accreted into interest income at the effective interest rate as of January 1, 2021 over the remaining estimated life of the loans. Also, in accordance with the CECL Standard, the Company did not reassess whether modifications to individual acquired financial assets were troubled debt restructurings (“TDRs”) as of the date of adoption. ACL for loans 11 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 1b. Authoritative Accounting Guidance – (continued) The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The Company currently utilizes a one-year reasonable and supportable forecast period followed by a one-year period over which estimated losses revert to historical loss experience for the remaining life of the loan. The measurement of expected credit loss under the CECL methodology is applicable to financial assets measured at amortized cost, including loans and held to maturity investments and it also applies to certain off-balance sheet credit exposures. The ACL for loans is measured on a collective (pool) basis when similar risk characteristics exist. Generally, for all other loan types, the estimated expected credit loss is also calculated at the loan level and pool assignments are only utilized for aggregating the allowance estimates of similar loan types for financial statement disclosure purposes. Loan segments have unique risk characteristics with respect to credit quality and are as follows: ● The repayment of commercial loans is generally dependent on the creditworthiness and cash flow of borrowers, and if applicable, guarantors, which may be negatively impacted by adverse economic conditions. While the majority of these loans are secured, collateral type, marketing, coverage, valuation and monitoring is not as uniform as in other portfolio classes and recovery from liquidation of such collateral may be subject to greater variability. ● Payment on commercial mortgages is driven principally by operating results of the managed properties or underlying business and secondarily by the sale or refinance of such properties. Both primary and secondary sources of repayment, and value of the properties in liquidation, may be affected to a greater extent by adverse conditions in the real estate market or the economy in general. ● Properties underlying construction, land and land development loans often do not generate sufficient cash flows to service debt and thus repayment is subject to the ability of the borrower and, if applicable, guarantors, to complete development or construction of the property and carry the project, often for extended periods of time. As a result, the performance of these loans is contingent upon future events whose probability at the time of origination is uncertain. ● The ability of borrowers to service debt in the residential and consumer loan portfolios is generally subject to personal income which may be impacted by general economic conditions, such as increased unemployment levels. These loans are predominately collateralized by first and/or second liens on single family properties. If a borrower cannot maintain the loan, the Company’s ability to recover against the collateral in sufficient amount and in a timely manner may be significantly influenced by market, legal and regulatory conditions. ● The Company considers loan classes and loan segments to be one and the same. Individually Analyzed Loans For collateral dependent loans, when it is determined that a foreclosure is probable, the ACL will be determined on a loan level basis using the fair value of the collateral as of the reporting date, less estimated disposition costs (“net fair value”), which will ensure that the credit loss is not delayed until the time at which the actual foreclosure takes place. In the event that this fair value is less the then amortized cost basis of these specific loans, we will recognize the difference between the net fair value at the reporting date and the amortized cost basis in the ACL. If the fair value of the collateral has increased as of the ACL evaluation date, the increase in the fair value of the collateral is reflected through a reduction in the ACL. ACL adjustments for estimated disposition costs are not appropriate when the repayment of a collateral-dependent loan is expected from the operation of the collateral. If repayment is based upon future expected cash flows, the present value of the expected future cash flows discounted at the loan’s original effective interest rate is compared to the carrying value of the loan, and any shortfall is recorded as the allowance for credit losses. The effective interest rate used to discount expected cash flows is adjusted to incorporate expected prepayments, if applicable. 12 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 1b. Authoritative Accounting Guidance – (continued) For charge-off and recoveries we will generally charge-off a loan balance after an analysis is completed which indicates that the collectability of the full principal is in doubt. Charge-offs are charged against the allowance in the period in which the loans are deemed to be uncollectible. Any expected future recoveries of amounts which were previously charged-off or expected to be charged-off will be included in the ACL, as the recoveries represent a component of the net amount expected to be collected. Expected recoveries in the ACL shall not exceed amounts previously charged-off or expected to be charged-off. Investment Securities ACL - on investment securities classified as available-for-sale Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance when we believe the uncollectibility of an available-for-sale security has been confirmed or if either of the criteria regarding intent or requirement to sell is met. ASU No. 2021-03, “Intangibles – Goodwill and Other (Topic 350).” ASU 2018-14, “ Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jun. 30, 2021
Earnings per common share:
Earnings per Common Share	Note 2. 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 June 30, Six Months Ended June 30, (in thousands, except for per share data) 2021 2020 2021 2020 Net income $ 32,219 $ 14,832 $ 65,218 $ 20,862 Earnings allocated to participating securities (81 ) (69 ) (176 ) (94 ) Income attributable to common stock $ 32,138 $ 14,763 $ 65,042 $ 20,768 Weighted average common shares outstanding, including participating securities 39,781 39,640 39,786 39,603 Weighted average participating securities (100 ) (104 ) (107 ) (123 ) Weighted average common shares outstanding 39,681 39,536 39,679 39,480 Incremental shares from assumed conversions of options, performance units and non-participating restricted shares 192 76 214 112 Weighted average common and equivalent shares outstanding 39,873 39,612 39,893 39,592 Earnings per common share: Basic $ 0.81 $ 0.37 $ 1.64 $ 0.53 Diluted 0.81 0.37 1.63 0.52 There were no antidilutive share equivalents as of June 30, 2021 and June 30, 2020.

Securities Available-for-Sale

Securities Available-for-Sale	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Securities Available-for-Sale	Note 3. Securities Available-for-Sale The Company’s investment securities are all classified as available-for-sale as of June 30, 2021 and December 31, 2020. 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 June 30, 2021 and December 31, 2020. 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 6 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 June 30, 2021 and December 31, 2020. Allowance for Gross Gross Investment Amortized Unrealized Unrealized Fair Credit Cost Gains Losses Value Losses June 30, 2021 (dollars in thousands) Securities available-for-sale Federal agency obligations $ 34,649 $ 1,197 $ (73 ) $ 35,773 - Residential mortgage pass-through  securities 261,761 2,655 (1,258 ) 263,158 - Commercial mortgage pass-through  securities 8,886 202 (293 ) 8,795 - Obligations of U.S. states and political subdivisions 133,722 2,695 (29 ) 136,388 - Corporate bonds and notes 11,459 162 - 11,621 - Asset-backed securities 2,874 10 (4 ) 2,880 - Certificates of deposit 150 1 - 151 - Other securities 167 - - 167 - Total securities available-for-sale​​ $ 453,668 $ 6,922 $ (1,657 ) $ 458,933 $ - December 31, 2020 Securities available-for-sale Federal agency obligations $ 37,015 $ 1,508 $ (65 ) $ 38,458 N/A Residential mortgage pass-through  securities 266,114 4,811 (41 ) 270,884 N/A Commercial mortgage pass-through  securities 6,906 203 (187 ) 6,922 N/A Obligations of U.S. states and political subdivisions 138,539 4,269 - 142,808 N/A Corporate bonds and notes 24,925 222 (52 ) 25,095 N/A Asset-backed securities 3,521 - (41 ) 3,480 N/A Certificates of deposit 149 2 - 151 N/A Other securities 157 - - 157 N/A Total securities available-for-sale​​ $ 477,326 $ 11,015 $ (386 ) $ 487,955 N/A 15 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 3. Securities Available-for-Sale – (continued) Investment securities having a carrying value of approximately $178.0 million and $107.6 million as of June 30, 2021 and December 31, 2020, 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 June 30, 2021 and December 31, 2020, 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 June 30, 2021, 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. June 30, 2021 Amortized Fair Cost Value (dollars in thousands) Securities available-for-sale: Due in one year or less $ 5,614 $ 5,637 Due after one year through five years 11,193 11,353 Due after five years through ten years 10,915 11,226 Due after ten years 155,132 158,597 Residential mortgage pass-through securities 261,761 263,158 Commercial mortgage pass-through securities 8,886 8,795 Other securities 167 167 Total securities available-for-sale $ 453,668 $ 458,933 Gross gains and losses from the sales and redemptions of securities for periods presented were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2021 2020 2021 2020 Proceeds $ 5,185 $ - $ 5,185 $ 19,624 Gross gains on sales/redemption of securities 195 - 195 29 Gross losses on sales/redemptions of securities - - - - Net gain on sales/redemptions of securities 195 - 195 29 Less: tax provision on net gain (48 ) - (48 ) (6 ) Net gain on sales/redemptions of securities, after tax $ 147 $ - $ 147 $ 23 16 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 3. Securities Available-for-Sale – (continued) Impairment Analysis of Available-for-sale Debt Securities The following tables indicate gross unrealized losses for which an ACL has not been recorded, aggregated by investment category and by the length of continuous time individual securities have been in an unrealized loss position as of June 30, 2021 and December 31, 2020. June 30, 2021 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 obligations $ 1,565 $ (73 ) $ 1,565 $ (73 ) $ - $ - Residential mortgage pass-through securities 142,615 (1,258 ) 142,615 (1,258 ) - - Commercial mortgage pass-through securities 4,542 (293 ) 4,542 (293 ) - - Obligations of U.S. states and political subdivisions 28,654 (29 ) 28,654 (29 ) - - Corporate bonds and notes - - - - - - Asset-backed securities 567 (4 ) - - 567 (4 ) Total temporarily impaired securities $ 177,943 $ (1,657 ) $ 177,376 $ (1,653 ) $ 567 $ (4 ) December 31, 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 obligations $ 8,978 $ (65 ) $ 8,975 $ (65 ) $ 3 $ - Residential mortgage pass-through securities 20,895 (41 ) 20,886 (41 ) 9 - Commercial mortgage pass-through securities 3,954 (187 ) 3,954 (187 ) - - Corporate bonds and notes 3,928 (52 ) 3,928 (52 ) - - Asset-backed securities 3,083 (41 ) 622 - 2,461 (41 ) Total Temporarily Impaired Securities $ 40,838 $ (386 ) $ 38,365 $ (345 ) $ 2,473 $ (41 ) 17 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 3. Securities Available-for-Sale – (continued) On January 1, 2021, the Company adopted ASU 2016-13 and implemented the CECL methodology for allowance for credit losses on its investment securities available-for-sale. The new CECL methodology replaces the other-than-temporary impairment model that previously existed. The Company did not have a CECL day 1 impact attributable to its investment securities portfolio and did not have an allowance for credit losses as of June 30, 2021. The Company has elected to exclude accrued interest from the amortized cost of its investment securities available-for-sale. Accrued interest receivable for investment securities available for sale as of June 30, 2021 and December 31, 2020, totaled $1.4 million and $1.7 million, respectively. The Company evaluates securities in an unrealized loss position for impairment related to credit losses on at least a quarterly basis. Securities in unrealized loss positions are first assessed as to whether we intend to sell, or if it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If one of the criteria is met, the security’s amortized cost basis is written down to fair value through current earnings. For securities that do not meet these criteria, the Company evaluates whether the decline in fair value resulted from credit losses or other factors. If this assessment indicates that a credit loss exists, we compare the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount that the fair value of the security is less than its amortized cost basis. Unrealized losses on asset backed securities and state and municipal securities have not been recognized into income because the issuers are of high credit quality, we do not intend to sell and it is likely that we will not be required to sell the securities prior to their anticipated recovery. The decline in fair value is largely due to changes in interest rates and other market conditions. The issuers continue to make timely principal and interest payments on the securities. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of applicable taxes. No allowance for credit losses for available-for-sale securities was recorded as of June 30, 2021. Federal agency obligations, residential mortgage backed pass-through securities and commercial mortgage back pass-through securities are issued by U.S. Government agencies and U.S. Government sponsored enterprises. Although a government guarantee exists on these investments, these entities are not legally backed by the full faith and credit of the federal government, and the current support they receive is subject to a cap as part of the agreement entered into in 2008. Nonetheless, at this time we do not foresee any set of circumstances in which the government would not fund its commitments on these investments as the issuers are an integral part of the U.S. housing market in providing liquidity and stability. Therefore, we concluded that a zero-allowance approach for these investment securities is appropriate.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 4. 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 1, 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 advance. In addition, an interest rate swap was entered into on August 6, 2019, with a notional amount of $50.0 million and was 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 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 4. Derivatives – (continued) Summary information about the interest rate swaps designated as cash flow hedges as of June 30, 2021, December 31, 2020 and June 30, 2020 are presented in the following table. June 30, December 31, June 30, 2021 2020 2020 (dollars in thousands) Notional amount $ 125,000 $ 175,000 $ 200,000 Weighted average pay rates 1.66 % 1.85 % 1.70 % Weighted average receive rates 0.27 % 0.92 % 1.37 % Weighted average maturity 0.5 years 0.8 years 1.2 years Fair value $ (922 ) $ (2,119 ) $ (3,277 ) Interest expense recorded on these swap transactions totaled approximately $584 thousand and $1.2 million during the three and six months ended June 30, 2021, respectively, compared to $318 thousand and $311 thousand during the three and six months ended June 30, 2020, 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: Three Months Ended June 30, 2021 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (42 ) $ 584 $ - Three Months Ended June 30, 2020 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (566 ) $ 318 $ - 19 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 4. Derivatives – (continued) Six Months Ended June 30, 2021 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (18 ) $ 1,215 $ - Six Months Ended June 30, 2020 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (3,315 ) $ 311 $ - The following table reflects the cash flow hedges included in the consolidated statements of condition as of June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 Notional Notional Amount Fair Value Amount Fair Value (dollars in thousands) Interest rate swaps related to FHLB advances included in liabilities $ 125,000 $ (922 ) $ 175,000 $ (2,119 )

Loans and the Allowance for Cre

Loans and the Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Loans and the Allowance for Credit Losses	Note 5. Loans and the Allowance for Credit Losses Loans Receivable - June 30, December 31, 2021 2020 (dollars in thousands) Commercial (1) $ 1,402,697 $ 1,521,967 Commercial real estate 4,138,518 3,783,550 Commercial construction 587,121 617,747 Residential real estate 286,907 322,564 Consumer 6,355 1,853 Gross loans 6,421,598 6,247,681 Net deferred loan fees (13,694 ) (11,374 ) Total loans receivable $ 6,407,904 $ 6,236,307 (1) Included in commercial loans as of June 30, 2021 and December 31, 2020 were PPP loans of $326.8 million and $397.5 million, respectively. As of June 30, 2021 and December 31, 2020, loan balances of approximately $2.7, were pledged to secure borrowings from the FHLB of New York. Loans held-for-sale - June 30, December 31, 2021 2020 (dollars in thousands) Commercial real estate $ 5,298 $ 1,990 Residential real estate 861 2,720 Total carrying amount $ 6,159 $ 4,710 Loans Receivable on Nonaccrual Status - Nonaccrual Loans with an ACL Nonaccrual loans without an ACL Total (dollars in thousands) Commercial $ 28,009 $ 3,074 $ 31,083 Commercial real estate 2,722 13,283 16,005 Commercial construction 2,934 1,831 4,765 Residential real estate - 4,360 4,360 Consumer - - Total $ 33,665 $ 22,548 $ 56,213 21 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) The following tables present total nonaccrual loans included in loans receivable by loan class as of December 31, 2020 (dollars in thousands): December 31, 2020 Commercial $ 33,019 Commercial real estate 10,111 Commercial construction 14,015 Residential real estate 4,551 Consumer - Total nonaccrual loans $ 61,696 Nonaccrual loans and loans 90 days or greater past due and still accruing include both smaller balance homogeneous loans that are collectively evaluated for impairment and loans individually evaluated for impairment. Credit Quality Indicators 22 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) We evaluate whether a modification, extension or renewal of a loan is a current period origination in accordance with GAAP. Generally, loans up for renewal are subject to a full credit evaluation before the renewal is granted and such loans are considered current period originations for purpose of the table below. As of June 30, 2021, our loans based on year of origination and risk designation is as follows (dollars in thousands): Term loans amortized cost basis by origination year Resolving Total Gross 2021 2020 2019 2018 2017 Prior Loans Loans Commercial Pass $ 324,543 $ 185,027 $ 64,057 $ 69,430 $ 99,833 $ 123,799 $ 466,262 $ 1,332,951 Special mention - - 225 258 5,655 4,235 15,653 26,026 Substandard 182 - 1,791 13,072 4,111 21,255 3,250 43,661 Doubtful - - - 59 - - - 59 Total Commercial $ 324,725 $ 185,027 $ 66,073 $ 82,819 $ 109,599 $ 149,289 $ 485,165 $ 1,402,697 Commercial Real Estate Pass $ 741,267 $ 601,375 $ 460,081 $ 529,053 $ 541,823 $ 1,012,888 $ 141,776 $ 4,028,263 Special mention - - 3,375 19,360 4,364 29,160 15,454 71,713 Substandard 1,969 - 659 1,473 2,722 31,719 - 38,542 Doubtful - - - - - - - - Total Commercial Real Estate $ 743,236 $ 601,375 $ 464,115 $ 549,886 $ 548,909 $ 1,073,767 $ 157,230 $ 4,138,518 Commercial Construction Pass $ 1,405 $ 7,506 $ 37,715 $ 3,678 $ 3,981 $ 490 $ 510,227 $ 565,002 Special mention - - - - - - - - Substandard - - - - - - 22,119 22,119 Doubtful - - - - - - - - Total Commercial Construction $ 1,405 $ 7,506 $ 37,715 $ 3,678 $ 3,981 $ 490 $ 532,346 $ 587,121 Residential Real Estate Pass $ 10,420 $ 34,493 $ 27,090 $ 32,888 $ 37,296 $ 83,096 $ 48,515 $ 273,798 Special mention - - - - - - - - Substandard - - - 203 - 9,101 3,805 13,109 Doubtful - - - - - - - - Total Residential Real Estate $ 10,420 $ 34,493 $ 27,090 $ 33,091 $ 37,296 $ 92,197 $ 52,320 $ 286,907 Consumer Pass $ - $ 107 $ 54 $ 32 $ 41 $ 5,989 $ 132 $ 6,355 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ - $ 107 $ 54 $ 32 $ 41 $ 5,989 $ 132 $ 6,355 Total Pass $ 1,077,635 $ 828,508 $ 588,997 $ 635,081 $ 682,974 $ 1,226,262 $ 1,166,912 $ 6,206,369 Special mention - - 3,600 19,618 10,019 33,395 31,107 97,739 Substandard 2,151 - 2,450 14,748 6,833 62,075 29,174 117,431 Doubtful - - - 59 - - - 59 Grand Total $ 1,079,786 $ 828,508 $ 595,047 $ 669,506 $ 699,826 $ 1,321,732 $ 1,227,193 $ 6,421,598 23 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) The following table presents information about the loan credit quality by loan class of gross loans (which exclude net deferred fees) as of December 31, 2020: December 31, 2020 Pass Special Mention Substandard Doubtful Total (dollars in thousands) Commercial $ 1,447,097 $ 30,725 $ 43,930 $ 215 $ 1,521,967 Commercial real estate 3,700,498 49,143 33,909 - 3,783,550 Commercial construction 587,266 - 30,481 - 617,747 Residential real estate 311,174 - 11,390 - 322,564 Consumer 1,853 - - - 1,853 Gross loans $ 6,047,888 $ 79,868 $ 119,710 $ 215 $ 6,247,681 Collateral Dependent Loans The following table presents collateral dependent loans individually evaluated for impairment as of June 30, 2021: June 30, 2021 Real Estate Other Total (dollars in thousands) Commercial $ 6,598 $ 26,166 $ 32,764 Commercial real estate 35,802 - 35,802 Commercial construction 16,389 - 16,389 Residential real estate 10,647 - 10,647 Consumer - - - Total $ 69,436 $ 26,166 $ 95,602 24 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) Impaired loans The following table provides an analysis of the impaired loans by class as of the year ended December 31, 2020: December 31, 2020 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (dollars in thousands) Commercial $ 11,325 $ 11,835 Commercial real estate 13,105 13,449 Commercial construction 24,284 24,907 Residential real estate 5,378 5,723 Consumer - - Total (no related allowance) $ 54,092 $ 55,914 With an allowance recorded Commercial $ 23,736 $ 69,122 $ 12,985 Commercial real estate 2,722 2,722 1,329 Total (with allowance) $ 26,458 $ 71,844 $ 14,314 Total Commercial $ 35,061 $ 80,957 $ 12,985 Commercial real estate 15,827 16,171 1,329 Commercial construction 24,284 24,907 - Residential real estate 5,378 5,723 - Consumer - - - Total $ 80,550 $ 127,758 $ 14,314 25 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by class as of and for the three months and six months ended June 30, 2020 (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2020 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Impaired loans (no allowance) Commercial $ 35,813 $ 91 $ 36,127 $ 185 Commercial real estate 15,415 82 15,352 155 Commercial construction 17,719 87 17,545 171 Residential real estate 3,500 - 3,308 - Total $ 72,447 $ 260 $ 72,332 $ 511 Impaired loans (allowance): Commercial real estate $ - $ - $ - $ - Commercial construction 6,463 - 6,463 - Residential real estate 262 1 262 3 Total $ 6,725 $ 1 $ 6,725 $ 3 Total impaired loans: Commercial $ 35,813 $ 91 $ 36,127 $ 185 Commercial real estate 15,415 82 15,352 155 Commercial construction 24,182 87 24,008 171 Residential real estate 3,762 1 3,570 3 Total $ 79,172 $ 261 $ 79,057 $ 514 26 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) Aging Analysis - June 30, 2021 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 Commercial $ 297 $ - $ 4,588 $ 31,083 $ 35,968 $ 1,366,729 $ 1,402,697 Commercial real Estate - - 7,607 16,005 23,612 4,114,906 4,138,518 Commercial construction - - 3,221 4,765 7,986 579,135 587,121 Residential real Estate 210 99 4,238 4,360 8,907 278,000 286,907 Consumer 2 - - - 2 6,353 6,355 Total $ 509 $ 99 $ 19,654 $ 56,213 $ 76,475 $ 6,345,123 $ 6,421,598 Included in the 90 days or greater past due and still accruing category as of June 30, 2021 were $16.4 million in purchased credit-deteriorated loans, net of fair value marks, which accrete income per the valuation at date of acquisition. December 31, 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 Total Loans Receivable Commercial $ 1,445 $ 558 $ 3,182 $ 33,019 $ 38,204 $ 1,483,763 $ 1,521,967 Commercial real estate 13,258 4,140 5,555 10,111 33,064 3,750,486 3,783,550 Commercial construction 2,472 - - 14,015 16,487 601,260 617,747 Residential real estate 1,367 241 4,084 4,551 10,243 312,321 322,564 Consumer 2 - - - 2 1,851 1,853 Total $ 18,544 $ 4,939 $ 12,821 $ 61,696 $ 98,000 $ 6,149,681 $ 6,247,681 The 90 days or greater past due and still accruing category as of December 31, 2020 were purchased credit-impaired loans, net of fair value marks, which accrete income per the valuation at date of acquisition. 27 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit 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 ACL that are allocated to each loan portfolio segment: June 30, 2021 Commercial Commercial Residential Commercial real estate construction real estate Consumer Total (dollars in thousands) ACL Individually evaluated for impairment $ 15,618 $ 1,485 $ 434 $ 349 $ - $ 17,886 Collectively evaluated for impairment 7,673 39,553 4,493 3,863 9 55,591 Acquired with deteriorated credit quality individually analyzed 2,276 2,777 - 154 - 5,207 Total $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ 78,684 Gross loans Individually evaluated for impairment $ 33,473 $ 28,197 $ 16,389 $ 6,408 $ - $ 84,467 Collectively evaluated for impairment 1,364,019 4,102,715 570,732 276,260 6,355 6,320,081 Acquired with deteriorated credit quality individually analyzed 5,205 7,606 - 4,239 - 17,050 Total $ 1,402,697 $ 4,138,518 $ 587,121 $ 286,907 $ 6,355 $ 6,421,598 December 31, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Allowance for loan losses Individually evaluated for impairment $ 12,985 $ 1,329 $ - $ - $ - $ - $ 14,314 Collectively evaluated for impairment 15,412 33,373 7,787 1,928 4 568 59,072 Acquired portfolio 46 4,628 407 759 - - 5,840 Acquired with deteriorated credit quality - - - - - - - Total $ 28,443 $ 39,330 $ 8,194 $ 2,687 $ 4 $ 568 $ 79,226 Gross loans Individually evaluated for impairment $ 35,061 $ 15,827 $ 24,284 $ 5,378 $ - $ 80,550 Collectively evaluated for impairment 1,414,626 2,959,978 574,118 241,925 1,627 5,192,274 Acquired portfolio 68,402 802,190 19,345 71,177 226 961,340 Acquired with deteriorated credit quality 3,878 5,555 - 4,084 - 13,517 Total $ 1,521,967 $ 3,783,550 $ 617,747 $ 322,564 $ 1,853 $ 6,247,681 28 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) Activity in the Company’s ACL for loans for the three months ended and six months ended June 30, 2021 is summarized in the table below. The CECL Day 1 row presents adjustments recorded through retained earnings to adopt the CECL standard and the increase to the ACL for loans associated with nonaccretable purchase accounting marks on loans that were classified as PCI as of December 31, 2020. Three Months Ended June 30, 2021 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of March 31, 2021 $ 26,435 $ 43,897 $ 5,521 $ 4,704 $ 11 $ - $ 80,568 Charge-offs (50 ) (155 ) - (7 ) - - (212 ) Recoveries 13 - - - 1 - 14 (Reversal of) provision for credit losses - loans (831 ) 73 (594 ) (331 ) (3 ) - (1,686 ) Balance as of June 30, 2021 $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ - $ 78,684 Six Months Ended June 30, 2021 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2020 $ 28,443 $ 39,330 $ 8,194 $ 2,687 $ 4 $ 568 $ 79,226 Day 1 effect of CECL (4,225 ) 9,605 (961 ) 2,697 9 (568 ) 6,557 Balance as of January 1, 2021 as adjusted for changes in accounting principle 24,218 48,935 7,233 5,384 13 - 85,783 Charge-offs (50 ) (155 ) - (7 ) - - (212 ) Recoveries 73 - - - 2 - 75 Provision for (reversal of) credit losses - loans 1,326 (4,965 ) (2,306 ) (1,011 ) (6 ) - (6,962 ) Balance as of June 30, 2021 $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ - $ 78,684 On January 1, 2021, the Company adopted CECL, which replaced the incurred loss method we used in prior periods for determining the provision for credit losses and the ACL. Under CECL, we record an expected loss of all cash flows we do not expect to collect at the inception of the loan. The adoption of CECL resulted in an increase in our ACL for loans of $6.6 million, which did not impact our consolidated income statement. We recorded a reversal of credit losses for loans of $1.7 million and $7.0 million during the three and six months ended June 30, 2021, respectively, utilizing the CECL methodology, which was the result of an improved macroeconomic environment from January 1, 2021, the day of adoption. 29 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) Three Months Ended June 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of March 31, 2020 $ 9,058 $ 22,036 $ 7,819 $ 1,681 $ 3 $ 13,572 $ 54,169 Charge-offs (380 ) - - (69 ) - - (449 ) Recoveries 2 2 - - - - 4 Provision for credit losses - loans 665 617 207 78 2 13,431 15,000 Balance as of June 30, 2020 $ 9,345 $ 22,655 $ 8,026 $ 1,690 $ 5 $ 27,003 $ 68,724 Six Months Ended June 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 (504 ) - - (69 ) (3 ) - (576 ) Recoveries 2 2 - 3 - - 7 Provision 1,498 1,800 722 71 5 26,904 31,000 Balance as of June 30, 2020 $ 9,345 $ 22,655 $ 8,026 $ 1,690 $ 5 $ 27,003 $ 68,724 30 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit 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 June 30, 2021, 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 June 30, 2021, TDRs totaled $62.4 million, of which $29.4 million were on nonaccrual status and $33.0 million were performing under their restructured terms. As of December 31, 2020, TDRs totaled $49.4 million, of which $25.7 million were on nonaccrual status and $23.7 million were performing under their restructured terms. The Company has allocated $9.2 million and $47 thousand of specific allowance related to TDRs for the six months ended June 30, 2021 and June 30, 2020, respectively. The following table presents loans by class modified as TDRs that occurred during the six months ended June 30, 2021: Pre-Modification Outstanding Post-Modification Outstanding Number of Loans Recorded Investment Recorded Investment Troubled debt restructurings: (dollars in thousands) Commercial 3 $ 631 $ 631 Commercial real estate 3 8,603 8,603 Commercial construction 1 1,641 1,641 Residential real estate 3 1,758 1,758 Total 10 $ 12,633 $ 12,633 The ten loans modified as TDRs during the six months ended June 30, 2021 included nine (9) maturity extensions and, one commercial real estate loan which was a recast of a nonaccrual credit. There were no loans modified as TDRs during the six months ended June 30, 2020. There were no TDRs for which there was a payment default within twelve months following the modification during the three months ended and six months ended June 30, 2021 and June 30, 2020. 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. Additionally, the statement allows for the Company to extend deferrals for an additional term at the option of the Company. 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 June 30, 2021, the Bank had 79 deferred loans totaling approximately $100 million, compared to 113 deferred loans totaling approximately $207 million as of December 31, 2020. 31 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) The following table sets forth the composition of these loans by loan segments as of June 30, 2021: Unpaid Number of Loans Principal Balance (dollars in thousands) Commercial 59 $ 17,260 Commercial real estate 20 82,760 Total 79 $ 100,020 As of June 30, 2021, there were no deferred loans that were delinquent or on nonaccrual status. As of June 30, 2021, $62.0 million of deferred loans were risk rated “special mention” or worse. The Company evaluates its deferred loans after the initial deferral period and will either return the deferred loan to its original loan terms or the loan will be reassessed at that time to determine if a further deferment should be granted and if a downgrade in risk rating is appropriate. ACL for Unfunded Commitments The Company has recorded an ACL for unfunded credit commitments, which was recorded in other liabilities. The provision is recorded within the (reversal of) provision for credit losses on the Company’s income statement. The following table presents the ACL for unfunded commitments for the three and six months ended June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2021 Balance as of beginning of period $ 2,343 Provision for credit losses - unfunded commitments 37 Balance as of end of period $ 2,380 Six Months Ended June 30, 2021 Balance as of beginning of period $ - Day 1 Effect of CECL 2,833 Reversal of credit losses - unfunded commitments (453) Balance as of end of period $ 2,380 Components of (Reversal of) Provision for Credit Losses The following table summarizes the (reversal of) provision for credit losses for the three and six months ended June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (Reversal of) provision for credit losses - loans $ (1,686) $ (6,962) (Reversal of) provision for credit losses - unfunded commitments 37 (453) (Reversal of) provision for credit losses $ (1,649) $ (7,415)

Fair Value Measurements and Fai

Fair Value Measurements and Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements and Fair Value of Financial Instruments	Note 6. 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 June 30, 2021 and December 31, 2020: Securities Available-for-Sale and Equity Securities Derivatives 33 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. 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 June 30, 2021 and December 31, 2020 are as follows: June 30, 2021 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 $ 35,773 $ - $ 35,773 $ - Residential mortgage pass-through securities 263,158 - 263,158 - Commercial mortgage pass-through securities 8,795 - 8,795 - Obligations of U.S. states and political subdivision 136,388 - 127,683 8,705 Corporate bonds and notes 11,621 - 11,621 - Asset-backed securities 2,880 - 2,880 - Certificates of deposit 151 - 151 - Other securities 167 167 - - Total available-for-sale $ 458,933 $ 167 $ 450,061 $ 8,705 Equity securities 13,223 11,243 1,980 - Total assets $ 472,156 $ 11,410 $ 452,041 $ 8,705 Liabilities Derivatives $ (922 ) $ - $ (922 ) $ - Total liabilities $ (922 ) $ - $ (922 ) $ - 34 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Fair Value Measurements and Fair Value of Financial Instruments – (continued) December 31, 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 $ 38,458 $ - $ 38,458 $ - Residential mortgage pass-through securities 270,884 - 270,884 - Commercial mortgage pass-through securities 6,922 - 6,922 - Obligations of U.S. states and political subdivision 142,808 - 133,964 8,844 Corporate bonds and notes 25,095 - 25,095 - Asset-backed securities 3,480 - 3,480 - Certificates of deposit 151 - 151 - Other securities 157 157 - - Total available-for-sale $ 487,955 $ 157 $ 478,954 $ 8,844 Equity securities 13,387 13,387 - - Total assets $ 501,342 $ 13,544 $ 478,954 $ 8,844 Liabilities Derivatives $ (2,119) $ - $ (2,119) $ - Total liabilities $ (2,119) $ - $ (2,119) $ - There were no transfers between Level 1 and Level 2 during the six months ended June 30, 2021 and during the year ended December 31, 2020. 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 June 30, 2021 and December 31, 2020. 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). 35 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Fair Value Measurements and Fair Value of Financial Instruments – (continued) Collateral Dependent Loans For assets measured at fair value on a nonrecurring basis, the fair value measurements as of June 30, 2021 and December 31, 2020 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 June 30, Assets Inputs Inputs basis: 2021 (Level 1) (Level 2) (Level 3) Collateral dependent loans (dollars in thousands) Commercial $ 12,928 $ - $ - $ 12,928 Commercial real estate 1,902 - - 1,902 Commercial construction 2,500 - - 2,500 Residential real estate 2,033 - - 2,033 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: 2020 (Level 1) (Level 2) (Level 3) Impaired loans: (dollars in thousands) Commercial $ 10,751 $ - $ - $ 10,751 Commercial real estate 1,393 - - 1,393 Collateral dependent loans – 36 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. 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 six months ended June 30, 2021 and for the year ended December 31, 2020: Municipal Securities (dollars in thousands) Balance as of December 31, 2020 $ 8,844 Principal paydowns (139 ) Balance as of June 30, 2021 $ 8,705 Municipal Securities (dollars in thousands) Balance as of December 31, 2019 $ 9,114 Principal paydowns (270) Balance as of December 31, 2020 $ 8,844 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 June 30, 2021 and December 31, 2020. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy. June 30, 2021 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 8,705 Discounted cash flows Discount rate 2.9 % December 31, 2020 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 8,844 Discounted cash flows Discount rate 2.9 % 37 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Fair Value Measurements and Fair Value of Financial Instruments – (continued) Nonrecurring basis : June 30, 2021 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighted average) Collateral dependent Commercial $ 750 Appraisals of collateral value Comparable sales 0% - 5% (2%) Commercial $ 12,178 Market approach (100) Average transfer price as a price to unpaid principal balance 48 – 53 (49) Commercial real estate $ 1,902 Appraisals of collateral value Comparable sales 0% - 25% (8%) Construction $ 2,500 Appraisals of collateral value Comparable sales 15% Residential $ 2,033 Appraisals of collateral value Comparable sales 1% - 15% (6%) December 31, 2020 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighed average) Impaired loans Commercial $ 10,524 Market approach (100%) Average transfer price as a price to unpaid principal balance 48 - 53 (49) Commercial $ 227 Appraisals of collateral value Adjustment for comparable sales 1% to +5% (+2%) Commercial real estate $ 1,393 Appraisals of collateral value Adjustment for comparable sales -25% to +20% (-8%) 38 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Fair Value Measurements and Fair Value of Financial Instruments – (continued) As of June 30, 2021 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) June 30, 2021 Financial assets: Cash and due from banks $ 349,417 $ 349,417 $ 349,417 $ - $ - Securities available-for-sale 458,933 458,933 167 450,061 8,705 Investment in restricted stocks 22,563 n/a n/a n/a n/a Equity securities 13,223 13,223 11,243 1,980 - Net loans 6,329,220 6,391,465 - - 6,391,465 Accrued interest receivable 34,001 34,001 - 1,444 32,557 Financial liabilities: Noninterest-bearing deposits 1,485,952 1,485,952 1,485,952 - - Interest-bearing deposits 4,706,561 4,710,337 3,404,754 1,305,583 - Borrowings 353,462 355,783 - 355,783 - Subordinated debentures 152,800 164,757 - 164,757 - Derivatives 922 922 - 922 - Accrued interest payable 3,083 3,083 - 3,083 - December 31, 2020 Financial assets: Cash and due from banks $ 303,756 $ 303,756 $ 303,756 $ - $ - Investment securities available-for-sale 487,955 487,955 157 478,954 8,844 Restricted investment in bank stocks 25,099 n/a n/a n/a n/a Equity securities 13,387 13,387 13,387 - - Net loans 6,157,081 6,244,037 - - 6,244,037 Accrued interest receivable 35,317 35,317 - 1,764 33,553 Financial liabilities: Noninterest-bearing deposits 1,339,108 1,339,108 1,339,108 - - Interest-bearing deposits 4,620,116 4,633,961 3,155,983 1,477,978 - Borrowings 425,954 429,671 - 429,671 - Subordinated debentures 202,648 214,113 - 214,113 - Derivatives 2,119 2,119 - 2,119 - Accrued interest payable 3,687 3,687 - 3,687 - 39 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. 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	6 Months Ended
	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income	Note 7. 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 (Loss) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line item in the Statement Where Net Income is Presented Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (dollars in thousands) Sale of investment securities $ 195 $ - $ 195 $ 29 Net gains on sale of securities available-for-saleavailable Income tax expense available for sale (48 ) - (48 ) (6 ) 147 - 147 23 Net interest income on swaps $ (584 ) $ (318 ) $ (1,215 ) $ (311 ) Borrowings 165 71 342 69 Income tax expense (419 ) (247 ) (873 ) (242 ) Amortization of pension plan net (75 ) (76 ) (150 ) (151 ) Other components of net periodic pension expense actuarial losses 22 21 42 42 Income tax benefit (53 ) (55 ) (108 ) (109 ) Total reclassification $ (325 ) $ (302 ) $ (834 ) $ (328 ) 40 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 7. Comprehensive Income – (continued) Accumulated other comprehensive income (loss) as of June 30, 2021 and December 31, 2020 consisted of the following: June 30, December 31, 2021 2020 (dollars in thousands) Investment securities available-for-sale, net of tax $ 3,907 $ 7,859 Cash flow hedge, net of tax (663 ) (1,520 ) Defined benefit pension and post-retirement plans, net of tax (3,434 ) (3,542 ) Total $ (190 ) $ 2,797

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	Note 8. 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 June 30, 2021. 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 June 30, 2021 are approximately 332,628. 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 or upon a change in control. 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 in 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 and six months ended June 30, 2021 was $1.0 million and $2.0 million, respectively. Stock-based compensation expense for the three and six months ended June 30, 2020 was $0.7 million and $1.2 million, respectively. Activity in the Company’s options for the six months ended June 30, 2021 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, 2020 38,013 $ 9.03 Granted - - Exercised (5,449 ) 8.34 Forfeited/cancelled/expired - - Outstanding as of June 30, 2021 32,564 $ 9.15 1.0 $ 554,374 Exercisable as of June 30, 2021 32,564 $ 9.15 1.0 $ 554,374 The aggregate intrinsic value of outstanding and exercisable options above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on June 30, 2021 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on June 30, 2021. This amount changes based on the fair market value of the Company’s stock. 41 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 8. Stock Based Compensation – (continued) Activity in the Company’s restricted shares for the six months ended June 30, 2021 was as follows: Weighted- Average Nonvested Grant Date Shares Fair Value Nonvested as of December 31, 2020 113,114 $ 18.15 Granted 49,590 25.32 Vested (64,149 ) 16.95 Forfeited/cancelled/expired (1,608 ) 24.11 Nonvested June 30, 2021 96,947 $ 22.51 As of June 30, 2021, there was approximately $1.8 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 1.4 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, 2020 147,636 $ 17.29 Awarded 37,543 25.24 Change in estimate 17,818 20.79 Vested shares (29,421 ) 31.35 Unearned as of June 30, 2021 173,576 233,638 $ 16.99 As of June 30, 2021, the specific number of shares related to performance units that were expected to vest was 173,576, 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 June 30, 2021 the maximum amount of performance units that ultimately could vest if performance targets were exceeded is 233,638. During the six months ended June 30, 2021, 29,421 shares vested. A total of 14,710 shares were netted from the vested shares to satisfy employee tax obligations. The net shares issued from vesting of performance units during the six months ended June 30, 2021 were 14,711 shares. As of June 30, 2021, compensation cost of approximately $1.7 million related to non-vested performance units not yet recognized is expected to be recognized over a weighted-average period of 1.8 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, 2020 169,313 $ 14.07 Awarded 45,027 25.24 Vested shares (68,916 ) 16.29 Unearned as of June 30, 2021 145,424 $ 16.48 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 six months ended June 30, 2021, 68,916 shares vested. A total of 34,458 shares were netted from the vested shares to satisfy employee tax obligations. The net shares issued from vesting of restricted stock units during the six months ended June 30, 2021 were 34,458 shares. As of June 30, 2021, compensation cost of approximately $2.0 million related to non-vested restricted stock units, not yet recognized, is expected to be recognized over a weighted-average period of 2.1 years.

Components of Net Periodic Pens

Components of Net Periodic Pension Cost	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Components of Net Periodic Pension Cost	Note 9. 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 Ended June 30, Affected Line Item in the Consolidated Statements of Income 2021 2020 (dollars in thousands) Service cost $ - $ - Interest cost 71 91 Other components of net periodic pension expense Expected return on plan assets (213 ) (196 ) Other components of net periodic pension expense Net amortization 75 76 Other components of net periodic pension expense Total periodic pension income $ (67) $ (29) Six Months Ended June 30, Affected Line Item in the Consolidated Statements of Income 2021 2020 (dollars in thousands) Service cost $ - $ - Interest cost 142 182 Other components of net periodic pension expense Expected return on plan assets (426 ) (392 ) Other components of net periodic pension expense Net amortization 150 151 Other components of net periodic pension expense Total periodic pension income $ (134) $ (59 ) Contributions The Company did not contribute to the Pension Trust during the six months ended June 30, 2021. The Company does not plan on contributing amounts to the Pension Trust for the remainder of 2021. 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	6 Months Ended
	Jun. 30, 2021
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]
FHLB Borrowings	Note 10. FHLB Borrowings The Company’s FHLB borrowings and weighted average interest rates are summarized below: June 30, 2021 December 31, 2020 Amount Rate Amount Rate (dollars in thousands) Total FHLB borrowings $ 353,462 0.97 % $ 425,954 1.07 % By remaining period to maturity: Less than 1 year $ 268,420 0.93 % $ 297,570 0.84 % 1 year through less than 2 years 57,368 1.24 % 75,644 1.42 % 2 years through less than 3 years - - 50,000 1.84 % 3 years through less than 4 years 25,000 1.00 % - - 4 years through 5 years 2,050 2.23 % - - After 5 years 744 2.41 % 2,824 2.42 % Total FHLB borrowings 353,582 0.97 % 426,038 1.07 % Fair value premium (discount) (120 ) (84 ) FHLB borrowings, net $ 353,462 $ 425,954 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 June 30, 2021 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 June 30, 2021 the Company had remaining borrowing capacity of approximately $1.2 billion at FHLB.

Subordinated Debentures

Subordinated Debentures	6 Months Ended
	Jun. 30, 2021
Subordinated Borrowings [Abstract]
Subordinated Debentures	Note 11. Subordinated Debentures During December 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 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 part. The floating interest rate on the subordinated debentures is three-month LIBOR plus 2.85% and re-prices quarterly. The rate as of June 30, 2021 was 3.04%. The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II as of June 30, 2021 and December 31, 2020. 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 44 Table of Contents Note 11. Subordinated Debentures – (continued) During June 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. During January 2018, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “Notes”) to certain accredited investors. The net proceeds from the sale of the Notes were used in the first quarter of 2018 for general corporate purposes, which included the Parent Corporation contributing $65 million of the net proceeds to the Bank in the form of debt and common equity. The Notes are non-callable for five years, have a stated maturity of February 1, 2028 and bear interest at a fixed rate of 5.20% per year, from and including January 17, 2018 to, but excluding February 1, 2023. From and including February 1, 2023 to, but excluding the maturity date, or early redemption date, the interest rate will reset quarterly to a level equal to the then current three-month LIBOR rate plus 284 basis points. During June 2015, the Parent Corporation issued $50 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “2015 Notes”). As of December 31, 2020, the 2015 Notes 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 December 31, 2020, the variable interest rate was 4.16% and all costs related to 2015 issuance have been amortized. The 2015 Notes were redeemed in full on January 1, 2021.

Nature of Operations, Princip_2

Nature of Operations, Principles of Consolidation and Risk and Uncertainties (Policies)	6 Months Ended
	Jun. 30, 2021
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), Port Jervis Holdings, LLC (a New Jersey limited liability company), BONJ Special Properties, LLC (a New Jersey limited liability company) and BoeFly, Inc. (a New Jersey financial technology company). 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-five 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 six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2021, or for any other interim period. The Company’s 2020 Annual Report on Form 10-K should be read in conjunction with these consolidated financial statements.
Basis of Presentation	Basis of Presentation 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 impact the United States and the world. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act
Adoption of New Accounting Standards in 2021	Note 1b. Authoritative Accounting Guidance Adoption of New Accounting Standards in 2021 Effective January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) 2016-13 “ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which replaced the prior incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL” or the “CECL Standard”). The measurement of expected credit losses under the CECL Standard is applicable to financial assets measured at amortized cost, including portfolio loans and investment securities classified as held-to-maturity (“HTM”). It also applies to off-balance sheet credit exposures including loan commitments, standby letters of credit, financial guarantees and other similar instruments. In addition, the CECL Standard changes the accounting for investment securities classified as ("AFS"), including a requirement that estimated credit losses on AFS securities be presented as an allowance rather than as a direct write-down of the carrying balance of securities which we do not intend to sell, or believe that it is more likely than not, that we will be required to sell. The Company adopted the CECL Standard using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. As discussed further below, purchased credit deteriorated assets were measured on a prospective basis in accordance with the CECL Standard and all purchase credit impaired loans as of December 31, 2020 were considered purchased credit deteriorated loans upon adoption. Results for reporting periods beginning after January 1, 2021 are presented under the CECL Standard while prior period amounts continue to be reported in accordance with previously applicable accounting guidance. The adoption of the CECL Standard resulted in the following adjustments to our financial statements as of January 1, 2021 (dollars in thousands): Change in Consolidated Change to Retained Earnings Statement of Condition Tax Effect from Adoption of CECL Allowance for credit losses (“ACL”) (loans) $ 1,350 $ 406 $ 944 Adjustment related to purchased credit-impaired loan marks (1) 5,207 - - Total ACL - loans 6,557 406 944 ACL (unfunded credit commitments) 2,833 852 1,981 Total impact of CECL adoption $ 9,390 $ 1,258 $ 2,925 (1) This amounts represents a gross-up of the balance sheet related to nonaccretable credit marks of purchased credit-impaired loans resulting from adoption of CECL on January 1, 2021. Loans designated as purchased credit impaired loans (“PCI”) and accounted for under Accounting Standards Codification (“ASC”) 310-30 were designated as purchased with credit deterioration loans (“PCD”). In accordance with the CECL Standard, the Company did not reassess whether PCI loans met the criteria of PCD loans as of the date of adoption and determined all PCI loans were PCD loans. The Company recorded an increase to the balance of PCD loans and an increase to the ACL for loans of $5.2 million, which represented the expected credit losses for PCD loans. The remaining non-credit discount (based on the adjusted amortized cost basis) will be accreted into interest income at the effective interest rate as of January 1, 2021 over the remaining estimated life of the loans. Also, in accordance with the CECL Standard, the Company did not reassess whether modifications to individual acquired financial assets were troubled debt restructurings (“TDRs”) as of the date of adoption. ACL for loans 11 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 1b. Authoritative Accounting Guidance – (continued) The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The Company currently utilizes a one-year reasonable and supportable forecast period followed by a one-year period over which estimated losses revert to historical loss experience for the remaining life of the loan. The measurement of expected credit loss under the CECL methodology is applicable to financial assets measured at amortized cost, including loans and held to maturity investments and it also applies to certain off-balance sheet credit exposures. The ACL for loans is measured on a collective (pool) basis when similar risk characteristics exist. Generally, for all other loan types, the estimated expected credit loss is also calculated at the loan level and pool assignments are only utilized for aggregating the allowance estimates of similar loan types for financial statement disclosure purposes. Loan segments have unique risk characteristics with respect to credit quality and are as follows: ● The repayment of commercial loans is generally dependent on the creditworthiness and cash flow of borrowers, and if applicable, guarantors, which may be negatively impacted by adverse economic conditions. While the majority of these loans are secured, collateral type, marketing, coverage, valuation and monitoring is not as uniform as in other portfolio classes and recovery from liquidation of such collateral may be subject to greater variability. ● Payment on commercial mortgages is driven principally by operating results of the managed properties or underlying business and secondarily by the sale or refinance of such properties. Both primary and secondary sources of repayment, and value of the properties in liquidation, may be affected to a greater extent by adverse conditions in the real estate market or the economy in general. ● Properties underlying construction, land and land development loans often do not generate sufficient cash flows to service debt and thus repayment is subject to the ability of the borrower and, if applicable, guarantors, to complete development or construction of the property and carry the project, often for extended periods of time. As a result, the performance of these loans is contingent upon future events whose probability at the time of origination is uncertain. ● The ability of borrowers to service debt in the residential and consumer loan portfolios is generally subject to personal income which may be impacted by general economic conditions, such as increased unemployment levels. These loans are predominately collateralized by first and/or second liens on single family properties. If a borrower cannot maintain the loan, the Company’s ability to recover against the collateral in sufficient amount and in a timely manner may be significantly influenced by market, legal and regulatory conditions. ● The Company considers loan classes and loan segments to be one and the same. Individually Analyzed Loans For collateral dependent loans, when it is determined that a foreclosure is probable, the ACL will be determined on a loan level basis using the fair value of the collateral as of the reporting date, less estimated disposition costs (“net fair value”), which will ensure that the credit loss is not delayed until the time at which the actual foreclosure takes place. In the event that this fair value is less the then amortized cost basis of these specific loans, we will recognize the difference between the net fair value at the reporting date and the amortized cost basis in the ACL. If the fair value of the collateral has increased as of the ACL evaluation date, the increase in the fair value of the collateral is reflected through a reduction in the ACL. ACL adjustments for estimated disposition costs are not appropriate when the repayment of a collateral-dependent loan is expected from the operation of the collateral. If repayment is based upon future expected cash flows, the present value of the expected future cash flows discounted at the loan’s original effective interest rate is compared to the carrying value of the loan, and any shortfall is recorded as the allowance for credit losses. The effective interest rate used to discount expected cash flows is adjusted to incorporate expected prepayments, if applicable. 12 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 1b. Authoritative Accounting Guidance – (continued) For charge-off and recoveries we will generally charge-off a loan balance after an analysis is completed which indicates that the collectability of the full principal is in doubt. Charge-offs are charged against the allowance in the period in which the loans are deemed to be uncollectible. Any expected future recoveries of amounts which were previously charged-off or expected to be charged-off will be included in the ACL, as the recoveries represent a component of the net amount expected to be collected. Expected recoveries in the ACL shall not exceed amounts previously charged-off or expected to be charged-off. Investment Securities ACL - on investment securities classified as available-for-sale Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance when we believe the uncollectibility of an available-for-sale security has been confirmed or if either of the criteria regarding intent or requirement to sell is met. ASU No. 2021-03, “Intangibles – Goodwill and Other (Topic 350).” ASU 2018-14, “ Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.

Authoritative Accounting Guid_2

Authoritative Accounting Guidance (Table)	6 Months Ended
	Jun. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Schedule of Adoption of CECL Standard Resulted Adjustment in Financial Statements	The Company adopted the CECL Standard using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. As discussed further below, purchased credit deteriorated assets were measured on a prospective basis in accordance with the CECL Standard and all purchase credit impaired loans as of December 31, 2020 were considered purchased credit deteriorated loans upon adoption. Results for reporting periods beginning after January 1, 2021 are presented under the CECL Standard while prior period amounts continue to be reported in accordance with previously applicable accounting guidance. The adoption of the CECL Standard resulted in the following adjustments to our financial statements as of January 1, 2021 (dollars in thousands): Change in Consolidated Change to Retained Earnings Statement of Condition Tax Effect from Adoption of CECL Allowance for credit losses (“ACL”) (loans) $ 1,350 $ 406 $ 944 Adjustment related to purchased credit-impaired loan marks (1) 5,207 - - Total ACL - loans 6,557 406 944 ACL (unfunded credit commitments) 2,833 852 1,981 Total impact of CECL adoption $ 9,390 $ 1,258 $ 2,925 (1) This amounts represents a gross-up of the balance sheet related to nonaccretable credit marks of purchased credit-impaired loans resulting from adoption of CECL on January 1, 2021.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, (in thousands, except for per share data) 2021 2020 2021 2020 Net income $ 32,219 $ 14,832 $ 65,218 $ 20,862 Earnings allocated to participating securities (81 ) (69 ) (176 ) (94 ) Income attributable to common stock $ 32,138 $ 14,763 $ 65,042 $ 20,768 Weighted average common shares outstanding, including participating securities 39,781 39,640 39,786 39,603 Weighted average participating securities (100 ) (104 ) (107 ) (123 ) Weighted average common shares outstanding 39,681 39,536 39,679 39,480 Incremental shares from assumed conversions of options, performance units and non-participating restricted shares 192 76 214 112 Weighted average common and equivalent shares outstanding 39,873 39,612 39,893 39,592 Earnings per common share: Basic $ 0.81 $ 0.37 $ 1.64 $ 0.53 Diluted 0.81 0.37 1.63 0.52

Securities Available-for-Sale (

Securities Available-for-Sale (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and December 31, 2020. Allowance for Gross Gross Investment Amortized Unrealized Unrealized Fair Credit Cost Gains Losses Value Losses June 30, 2021 (dollars in thousands) Securities available-for-sale Federal agency obligations $ 34,649 $ 1,197 $ (73 ) $ 35,773 - Residential mortgage pass-through  securities 261,761 2,655 (1,258 ) 263,158 - Commercial mortgage pass-through  securities 8,886 202 (293 ) 8,795 - Obligations of U.S. states and political subdivisions 133,722 2,695 (29 ) 136,388 - Corporate bonds and notes 11,459 162 - 11,621 - Asset-backed securities 2,874 10 (4 ) 2,880 - Certificates of deposit 150 1 - 151 - Other securities 167 - - 167 - Total securities available-for-sale​​ $ 453,668 $ 6,922 $ (1,657 ) $ 458,933 $ - December 31, 2020 Securities available-for-sale Federal agency obligations $ 37,015 $ 1,508 $ (65 ) $ 38,458 N/A Residential mortgage pass-through  securities 266,114 4,811 (41 ) 270,884 N/A Commercial mortgage pass-through  securities 6,906 203 (187 ) 6,922 N/A Obligations of U.S. states and political subdivisions 138,539 4,269 - 142,808 N/A Corporate bonds and notes 24,925 222 (52 ) 25,095 N/A Asset-backed securities 3,521 - (41 ) 3,480 N/A Certificates of deposit 149 2 - 151 N/A Other securities 157 - - 157 N/A Total securities available-for-sale​​ $ 477,326 $ 11,015 $ (386 ) $ 487,955 N/A
Investments Classified by Contractual Maturity Date [Table Text Block]	The following table presents information for investments in securities available-for-sale as of June 30, 2021, 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. June 30, 2021 Amortized Fair Cost Value (dollars in thousands) Securities available-for-sale: Due in one year or less $ 5,614 $ 5,637 Due after one year through five years 11,193 11,353 Due after five years through ten years 10,915 11,226 Due after ten years 155,132 158,597 Residential mortgage pass-through securities 261,761 263,158 Commercial mortgage pass-through securities 8,886 8,795 Other securities 167 167 Total securities available-for-sale $ 453,668 $ 458,933
Schedule of Realized Gain (Loss) [Table Text Block]	Gross gains and losses from the sales and redemptions of securities for periods presented were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2021 2020 2021 2020 Proceeds $ 5,185 $ - $ 5,185 $ 19,624 Gross gains on sales/redemption of securities 195 - 195 29 Gross losses on sales/redemptions of securities - - - - Net gain on sales/redemptions of securities 195 - 195 29 Less: tax provision on net gain (48 ) - (48 ) (6 ) Net gain on sales/redemptions of securities, after tax $ 147 $ - $ 147 $ 23
Schedule of Unrealized Loss on Investments [Table Text Block]	Impairment Analysis of Available-for-sale Debt Securities The following tables indicate gross unrealized losses for which an ACL has not been recorded, aggregated by investment category and by the length of continuous time individual securities have been in an unrealized loss position as of June 30, 2021 and December 31, 2020. June 30, 2021 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 obligations $ 1,565 $ (73 ) $ 1,565 $ (73 ) $ - $ - Residential mortgage pass-through securities 142,615 (1,258 ) 142,615 (1,258 ) - - Commercial mortgage pass-through securities 4,542 (293 ) 4,542 (293 ) - - Obligations of U.S. states and political subdivisions 28,654 (29 ) 28,654 (29 ) - - Corporate bonds and notes - - - - - - Asset-backed securities 567 (4 ) - - 567 (4 ) Total temporarily impaired securities $ 177,943 $ (1,657 ) $ 177,376 $ (1,653 ) $ 567 $ (4 ) December 31, 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 obligations $ 8,978 $ (65 ) $ 8,975 $ (65 ) $ 3 $ - Residential mortgage pass-through securities 20,895 (41 ) 20,886 (41 ) 9 - Commercial mortgage pass-through securities 3,954 (187 ) 3,954 (187 ) - - Corporate bonds and notes 3,928 (52 ) 3,928 (52 ) - - Asset-backed securities 3,083 (41 ) 622 - 2,461 (41 ) Total Temporarily Impaired Securities $ 40,838 $ (386 ) $ 38,365 $ (345 ) $ 2,473 $ (41 )

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives [Table Text Block]	Summary information about the interest rate swaps designated as cash flow hedges as of June 30, 2021, December 31, 2020 and June 30, 2020 are presented in the following table. June 30, December 31, June 30, 2021 2020 2020 (dollars in thousands) Notional amount $ 125,000 $ 175,000 $ 200,000 Weighted average pay rates 1.66 % 1.85 % 1.70 % Weighted average receive rates 0.27 % 0.92 % 1.37 % Weighted average maturity 0.5 years 0.8 years 1.2 years Fair value $ (922 ) $ (2,119 ) $ (3,277 )
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: Three Months Ended June 30, 2021 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (42 ) $ 584 $ - Three Months Ended June 30, 2020 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (566 ) $ 318 $ - 19 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 4. Derivatives – (continued) Six Months Ended June 30, 2021 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (18 ) $ 1,215 $ - Six Months Ended June 30, 2020 Amount of (loss) Amount of loss Amount of gain gain recognized (gain) reclassified recognized in other in OCI (Effective from OCI to Noninterest income Portion) interest income (Ineffective Portion) (dollars in thousands) Interest rate contracts $ (3,315 ) $ 311 $ -
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	The following table reflects the cash flow hedges included in the consolidated statements of condition as of June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 Notional Notional Amount Fair Value Amount Fair Value (dollars in thousands) Interest rate swaps related to FHLB advances included in liabilities $ 125,000 $ (922 ) $ 175,000 $ (2,119 )

Loans and the Allowance for C_2

Loans and the Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans Receivable - June 30, December 31, 2021 2020 (dollars in thousands) Commercial (1) $ 1,402,697 $ 1,521,967 Commercial real estate 4,138,518 3,783,550 Commercial construction 587,121 617,747 Residential real estate 286,907 322,564 Consumer 6,355 1,853 Gross loans 6,421,598 6,247,681 Net deferred loan fees (13,694 ) (11,374 ) Total loans receivable $ 6,407,904 $ 6,236,307 (1) Included in commercial loans as of June 30, 2021 and December 31, 2020 were PPP loans of $326.8 million and $397.5 million, respectively.
Loans held for sale [Table Text Block]	Loans held-for-sale - June 30, December 31, 2021 2020 (dollars in thousands) Commercial real estate $ 5,298 $ 1,990 Residential real estate 861 2,720 Total carrying amount $ 6,159 $ 4,710
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Loans Receivable on Nonaccrual Status - Nonaccrual Loans with an ACL Nonaccrual loans without an ACL Total (dollars in thousands) Commercial $ 28,009 $ 3,074 $ 31,083 Commercial real estate 2,722 13,283 16,005 Commercial construction 2,934 1,831 4,765 Residential real estate - 4,360 4,360 Consumer - - Total $ 33,665 $ 22,548 $ 56,213 21 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) The following tables present total nonaccrual loans included in loans receivable by loan class as of December 31, 2020 (dollars in thousands): December 31, 2020 Commercial $ 33,019 Commercial real estate 10,111 Commercial construction 14,015 Residential real estate 4,551 Consumer - Total nonaccrual loans $ 61,696
Financing Receivable Origination and Risk Designation [Table Text Block]	We evaluate whether a modification, extension or renewal of a loan is a current period origination in accordance with GAAP. Generally, loans up for renewal are subject to a full credit evaluation before the renewal is granted and such loans are considered current period originations for purpose of the table below. As of June 30, 2021, our loans based on year of origination and risk designation is as follows (dollars in thousands): Term loans amortized cost basis by origination year Resolving Total Gross 2021 2020 2019 2018 2017 Prior Loans Loans Commercial Pass $ 324,543 $ 185,027 $ 64,057 $ 69,430 $ 99,833 $ 123,799 $ 466,262 $ 1,332,951 Special mention - - 225 258 5,655 4,235 15,653 26,026 Substandard 182 - 1,791 13,072 4,111 21,255 3,250 43,661 Doubtful - - - 59 - - - 59 Total Commercial $ 324,725 $ 185,027 $ 66,073 $ 82,819 $ 109,599 $ 149,289 $ 485,165 $ 1,402,697 Commercial Real Estate Pass $ 741,267 $ 601,375 $ 460,081 $ 529,053 $ 541,823 $ 1,012,888 $ 141,776 $ 4,028,263 Special mention - - 3,375 19,360 4,364 29,160 15,454 71,713 Substandard 1,969 - 659 1,473 2,722 31,719 - 38,542 Doubtful - - - - - - - - Total Commercial Real Estate $ 743,236 $ 601,375 $ 464,115 $ 549,886 $ 548,909 $ 1,073,767 $ 157,230 $ 4,138,518 Commercial Construction Pass $ 1,405 $ 7,506 $ 37,715 $ 3,678 $ 3,981 $ 490 $ 510,227 $ 565,002 Special mention - - - - - - - - Substandard - - - - - - 22,119 22,119 Doubtful - - - - - - - - Total Commercial Construction $ 1,405 $ 7,506 $ 37,715 $ 3,678 $ 3,981 $ 490 $ 532,346 $ 587,121 Residential Real Estate Pass $ 10,420 $ 34,493 $ 27,090 $ 32,888 $ 37,296 $ 83,096 $ 48,515 $ 273,798 Special mention - - - - - - - - Substandard - - - 203 - 9,101 3,805 13,109 Doubtful - - - - - - - - Total Residential Real Estate $ 10,420 $ 34,493 $ 27,090 $ 33,091 $ 37,296 $ 92,197 $ 52,320 $ 286,907 Consumer Pass $ - $ 107 $ 54 $ 32 $ 41 $ 5,989 $ 132 $ 6,355 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ - $ 107 $ 54 $ 32 $ 41 $ 5,989 $ 132 $ 6,355 Total Pass $ 1,077,635 $ 828,508 $ 588,997 $ 635,081 $ 682,974 $ 1,226,262 $ 1,166,912 $ 6,206,369 Special mention - - 3,600 19,618 10,019 33,395 31,107 97,739 Substandard 2,151 - 2,450 14,748 6,833 62,075 29,174 117,431 Doubtful - - - 59 - - - 59 Grand Total $ 1,079,786 $ 828,508 $ 595,047 $ 669,506 $ 699,826 $ 1,321,732 $ 1,227,193 $ 6,421,598
Financing Receivable Credit Quality Indicators [Table Text Block]	The following table presents information about the loan credit quality by loan class of gross loans (which exclude net deferred fees) as of December 31, 2020: December 31, 2020 Pass Special Mention Substandard Doubtful Total (dollars in thousands) Commercial $ 1,447,097 $ 30,725 $ 43,930 $ 215 $ 1,521,967 Commercial real estate 3,700,498 49,143 33,909 - 3,783,550 Commercial construction 587,266 - 30,481 - 617,747 Residential real estate 311,174 - 11,390 - 322,564 Consumer 1,853 - - - 1,853 Gross loans $ 6,047,888 $ 79,868 $ 119,710 $ 215 $ 6,247,681
Schedule of Fair Value of Collateral [Table Text Block]	The following table presents collateral dependent loans individually evaluated for impairment as of June 30, 2021: June 30, 2021 Real Estate Other Total (dollars in thousands) Commercial $ 6,598 $ 26,166 $ 32,764 Commercial real estate 35,802 - 35,802 Commercial construction 16,389 - 16,389 Residential real estate 10,647 - 10,647 Consumer - - - Total $ 69,436 $ 26,166 $ 95,602
Impaired Financing Receivables [Table Text Block]	The following table provides an analysis of the impaired loans by class as of the year ended December 31, 2020: December 31, 2020 Unpaid Recorded Principal Related Investment Balance Allowance No related allowance recorded (dollars in thousands) Commercial $ 11,325 $ 11,835 Commercial real estate 13,105 13,449 Commercial construction 24,284 24,907 Residential real estate 5,378 5,723 Consumer - - Total (no related allowance) $ 54,092 $ 55,914 With an allowance recorded Commercial $ 23,736 $ 69,122 $ 12,985 Commercial real estate 2,722 2,722 1,329 Total (with allowance) $ 26,458 $ 71,844 $ 14,314 Total Commercial $ 35,061 $ 80,957 $ 12,985 Commercial real estate 15,827 16,171 1,329 Commercial construction 24,284 24,907 - Residential real estate 5,378 5,723 - Consumer - - - Total $ 80,550 $ 127,758 $ 14,314 25 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) The following table provides an analysis related to the average recorded investment and interest income recognized on impaired loans by class as of and for the three months and six months ended June 30, 2020 (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2020 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Impaired loans (no allowance) Commercial $ 35,813 $ 91 $ 36,127 $ 185 Commercial real estate 15,415 82 15,352 155 Commercial construction 17,719 87 17,545 171 Residential real estate 3,500 - 3,308 - Total $ 72,447 $ 260 $ 72,332 $ 511 Impaired loans (allowance): Commercial real estate $ - $ - $ - $ - Commercial construction 6,463 - 6,463 - Residential real estate 262 1 262 3 Total $ 6,725 $ 1 $ 6,725 $ 3 Total impaired loans: Commercial $ 35,813 $ 91 $ 36,127 $ 185 Commercial real estate 15,415 82 15,352 155 Commercial construction 24,182 87 24,008 171 Residential real estate 3,762 1 3,570 3 Total $ 79,172 $ 261 $ 79,057 $ 514
Past Due Financing Receivables [Table Text Block]	Aging Analysis - June 30, 2021 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 Commercial $ 297 $ - $ 4,588 $ 31,083 $ 35,968 $ 1,366,729 $ 1,402,697 Commercial real Estate - - 7,607 16,005 23,612 4,114,906 4,138,518 Commercial construction - - 3,221 4,765 7,986 579,135 587,121 Residential real Estate 210 99 4,238 4,360 8,907 278,000 286,907 Consumer 2 - - - 2 6,353 6,355 Total $ 509 $ 99 $ 19,654 $ 56,213 $ 76,475 $ 6,345,123 $ 6,421,598 Included in the 90 days or greater past due and still accruing category as of June 30, 2021 were $16.4 million in purchased credit-deteriorated loans, net of fair value marks, which accrete income per the valuation at date of acquisition. December 31, 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 Total Loans Receivable Commercial $ 1,445 $ 558 $ 3,182 $ 33,019 $ 38,204 $ 1,483,763 $ 1,521,967 Commercial real estate 13,258 4,140 5,555 10,111 33,064 3,750,486 3,783,550 Commercial construction 2,472 - - 14,015 16,487 601,260 617,747 Residential real estate 1,367 241 4,084 4,551 10,243 312,321 322,564 Consumer 2 - - - 2 1,851 1,853 Total $ 18,544 $ 4,939 $ 12,821 $ 61,696 $ 98,000 $ 6,149,681 $ 6,247,681
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 ACL that are allocated to each loan portfolio segment: June 30, 2021 Commercial Commercial Residential Commercial real estate construction real estate Consumer Total (dollars in thousands) ACL Individually evaluated for impairment $ 15,618 $ 1,485 $ 434 $ 349 $ - $ 17,886 Collectively evaluated for impairment 7,673 39,553 4,493 3,863 9 55,591 Acquired with deteriorated credit quality individually analyzed 2,276 2,777 - 154 - 5,207 Total $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ 78,684 Gross loans Individually evaluated for impairment $ 33,473 $ 28,197 $ 16,389 $ 6,408 $ - $ 84,467 Collectively evaluated for impairment 1,364,019 4,102,715 570,732 276,260 6,355 6,320,081 Acquired with deteriorated credit quality individually analyzed 5,205 7,606 - 4,239 - 17,050 Total $ 1,402,697 $ 4,138,518 $ 587,121 $ 286,907 $ 6,355 $ 6,421,598 December 31, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Allowance for loan losses Individually evaluated for impairment $ 12,985 $ 1,329 $ - $ - $ - $ - $ 14,314 Collectively evaluated for impairment 15,412 33,373 7,787 1,928 4 568 59,072 Acquired portfolio 46 4,628 407 759 - - 5,840 Acquired with deteriorated credit quality - - - - - - - Total $ 28,443 $ 39,330 $ 8,194 $ 2,687 $ 4 $ 568 $ 79,226 Gross loans Individually evaluated for impairment $ 35,061 $ 15,827 $ 24,284 $ 5,378 $ - $ 80,550 Collectively evaluated for impairment 1,414,626 2,959,978 574,118 241,925 1,627 5,192,274 Acquired portfolio 68,402 802,190 19,345 71,177 226 961,340 Acquired with deteriorated credit quality 3,878 5,555 - 4,084 - 13,517 Total $ 1,521,967 $ 3,783,550 $ 617,747 $ 322,564 $ 1,853 $ 6,247,681
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three Months Ended June 30, 2021 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of March 31, 2021 $ 26,435 $ 43,897 $ 5,521 $ 4,704 $ 11 $ - $ 80,568 Charge-offs (50 ) (155 ) - (7 ) - - (212 ) Recoveries 13 - - - 1 - 14 (Reversal of) provision for credit losses - loans (831 ) 73 (594 ) (331 ) (3 ) - (1,686 ) Balance as of June 30, 2021 $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ - $ 78,684 Six Months Ended June 30, 2021 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2020 $ 28,443 $ 39,330 $ 8,194 $ 2,687 $ 4 $ 568 $ 79,226 Day 1 effect of CECL (4,225 ) 9,605 (961 ) 2,697 9 (568 ) 6,557 Balance as of January 1, 2021 as adjusted for changes in accounting principle 24,218 48,935 7,233 5,384 13 - 85,783 Charge-offs (50 ) (155 ) - (7 ) - - (212 ) Recoveries 73 - - - 2 - 75 Provision for (reversal of) credit losses - loans 1,326 (4,965 ) (2,306 ) (1,011 ) (6 ) - (6,962 ) Balance as of June 30, 2021 $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ - $ 78,684 On January 1, 2021, the Company adopted CECL, which replaced the incurred loss method we used in prior periods for determining the provision for credit losses and the ACL. Under CECL, we record an expected loss of all cash flows we do not expect to collect at the inception of the loan. The adoption of CECL resulted in an increase in our ACL for loans of $6.6 million, which did not impact our consolidated income statement. We recorded a reversal of credit losses for loans of $1.7 million and $7.0 million during the three and six months ended June 30, 2021, respectively, utilizing the CECL methodology, which was the result of an improved macroeconomic environment from January 1, 2021, the day of adoption. 29 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 5. Loans and the Allowance for Credit Losses – (continued) Three Months Ended June 30, 2020 Commercial Commercial Residential Commercial real estate construction real estate Consumer Unallocated Total (dollars in thousands) Balance as of March 31, 2020 $ 9,058 $ 22,036 $ 7,819 $ 1,681 $ 3 $ 13,572 $ 54,169 Charge-offs (380 ) - - (69 ) - - (449 ) Recoveries 2 2 - - - - 4 Provision for credit losses - loans 665 617 207 78 2 13,431 15,000 Balance as of June 30, 2020 $ 9,345 $ 22,655 $ 8,026 $ 1,690 $ 5 $ 27,003 $ 68,724 Six Months Ended June 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 (504 ) - - (69 ) (3 ) - (576 ) Recoveries 2 2 - 3 - - 7 Provision 1,498 1,800 722 71 5 26,904 31,000 Balance as of June 30, 2020 $ 9,345 $ 22,655 $ 8,026 $ 1,690 $ 5 $ 27,003 $ 68,724
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 six months ended June 30, 2021: Pre-Modification Outstanding Post-Modification Outstanding Number of Loans Recorded Investment Recorded Investment Troubled debt restructurings: (dollars in thousands) Commercial 3 $ 631 $ 631 Commercial real estate 3 8,603 8,603 Commercial construction 1 1,641 1,641 Residential real estate 3 1,758 1,758 Total 10 $ 12,633 $ 12,633
Schedule of Composition of Loans by Loan Segments	The following table sets forth the composition of these loans by loan segments as of June 30, 2021: Unpaid Number of Loans Principal Balance (dollars in thousands) Commercial 59 $ 17,260 Commercial real estate 20 82,760 Total 79 $ 100,020
Schedule of ACL for off-balance sheet credit exposure	The Company has recorded an ACL for unfunded credit commitments, which was recorded in other liabilities. The provision is recorded within the (reversal of) provision for credit losses on the Company’s income statement. The following table presents the ACL for unfunded commitments for the three and six months ended June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2021 Balance as of beginning of period $ 2,343 Provision for credit losses - unfunded commitments 37 Balance as of end of period $ 2,380 Six Months Ended June 30, 2021 Balance as of beginning of period $ - Day 1 Effect of CECL 2,833 Reversal of credit losses - unfunded commitments (453) Balance as of end of period $ 2,380
Schedule of (Reversal of) provision for credit losses	The following table summarizes the (reversal of) provision for credit losses for the three and six months ended June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (Reversal of) provision for credit losses - loans $ (1,686) $ (6,962) (Reversal of) provision for credit losses - unfunded commitments 37 (453) (Reversal of) provision for credit losses $ (1,649) $ (7,415)

Fair Value Measurements and F_2

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and December 31, 2020 are as follows: June 30, 2021 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 $ 35,773 $ - $ 35,773 $ - Residential mortgage pass-through securities 263,158 - 263,158 - Commercial mortgage pass-through securities 8,795 - 8,795 - Obligations of U.S. states and political subdivision 136,388 - 127,683 8,705 Corporate bonds and notes 11,621 - 11,621 - Asset-backed securities 2,880 - 2,880 - Certificates of deposit 151 - 151 - Other securities 167 167 - - Total available-for-sale $ 458,933 $ 167 $ 450,061 $ 8,705 Equity securities 13,223 11,243 1,980 - Total assets $ 472,156 $ 11,410 $ 452,041 $ 8,705 Liabilities Derivatives $ (922 ) $ - $ (922 ) $ - Total liabilities $ (922 ) $ - $ (922 ) $ - 34 Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited)   Note 6. Fair Value Measurements and Fair Value of Financial Instruments – (continued) December 31, 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 $ 38,458 $ - $ 38,458 $ - Residential mortgage pass-through securities 270,884 - 270,884 - Commercial mortgage pass-through securities 6,922 - 6,922 - Obligations of U.S. states and political subdivision 142,808 - 133,964 8,844 Corporate bonds and notes 25,095 - 25,095 - Asset-backed securities 3,480 - 3,480 - Certificates of deposit 151 - 151 - Other securities 157 157 - - Total available-for-sale $ 487,955 $ 157 $ 478,954 $ 8,844 Equity securities 13,387 13,387 - - Total assets $ 501,342 $ 13,544 $ 478,954 $ 8,844 Liabilities Derivatives $ (2,119) $ - $ (2,119) $ - Total liabilities $ (2,119) $ - $ (2,119) $ -
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 June 30, 2021 and December 31, 2020 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 June 30, Assets Inputs Inputs basis: 2021 (Level 1) (Level 2) (Level 3) Collateral dependent loans (dollars in thousands) Commercial $ 12,928 $ - $ - $ 12,928 Commercial real estate 1,902 - - 1,902 Commercial construction 2,500 - - 2,500 Residential real estate 2,033 - - 2,033 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: 2020 (Level 1) (Level 2) (Level 3) Impaired loans: (dollars in thousands) Commercial $ 10,751 $ - $ - $ 10,751 Commercial real estate 1,393 - - 1,393
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 six months ended June 30, 2021 and for the year ended December 31, 2020: Municipal Securities (dollars in thousands) Balance as of December 31, 2020 $ 8,844 Principal paydowns (139 ) Balance as of June 30, 2021 $ 8,705 Municipal Securities (dollars in thousands) Balance as of December 31, 2019 $ 9,114 Principal paydowns (270) Balance as of December 31, 2020 $ 8,844
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 June 30, 2021 and December 31, 2020. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy. June 30, 2021 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 8,705 Discounted cash flows Discount rate 2.9 % December 31, 2020 Valuation Unobservable Fair Value Techniques Input Rate Securities available-for-sale: (dollars in thousands) Municipal securities $ 8,844 Discounted cash flows Discount rate 2.9 %
Fair Value Measurements, Nonrecurring [Table Text Block]	Nonrecurring basis : June 30, 2021 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighted average) Collateral dependent Commercial $ 750 Appraisals of collateral value Comparable sales 0% - 5% (2%) Commercial $ 12,178 Market approach (100) Average transfer price as a price to unpaid principal balance 48 – 53 (49) Commercial real estate $ 1,902 Appraisals of collateral value Comparable sales 0% - 25% (8%) Construction $ 2,500 Appraisals of collateral value Comparable sales 15% Residential $ 2,033 Appraisals of collateral value Comparable sales 1% - 15% (6%) December 31, 2020 Valuation Unobservable (dollars in thousands) Fair Value Techniques Input Range (weighed average) Impaired loans Commercial $ 10,524 Market approach (100%) Average transfer price as a price to unpaid principal balance 48 - 53 (49) Commercial $ 227 Appraisals of collateral value Adjustment for comparable sales 1% to +5% (+2%) Commercial real estate $ 1,393 Appraisals of collateral value Adjustment for comparable sales -25% to +20% (-8%)
Fair Value, by Balance Sheet Grouping [Table Text Block]	As of June 30, 2021 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) June 30, 2021 Financial assets: Cash and due from banks $ 349,417 $ 349,417 $ 349,417 $ - $ - Securities available-for-sale 458,933 458,933 167 450,061 8,705 Investment in restricted stocks 22,563 n/a n/a n/a n/a Equity securities 13,223 13,223 11,243 1,980 - Net loans 6,329,220 6,391,465 - - 6,391,465 Accrued interest receivable 34,001 34,001 - 1,444 32,557 Financial liabilities: Noninterest-bearing deposits 1,485,952 1,485,952 1,485,952 - - Interest-bearing deposits 4,706,561 4,710,337 3,404,754 1,305,583 - Borrowings 353,462 355,783 - 355,783 - Subordinated debentures 152,800 164,757 - 164,757 - Derivatives 922 922 - 922 - Accrued interest payable 3,083 3,083 - 3,083 - December 31, 2020 Financial assets: Cash and due from banks $ 303,756 $ 303,756 $ 303,756 $ - $ - Investment securities available-for-sale 487,955 487,955 157 478,954 8,844 Restricted investment in bank stocks 25,099 n/a n/a n/a n/a Equity securities 13,387 13,387 13,387 - - Net loans 6,157,081 6,244,037 - - 6,244,037 Accrued interest receivable 35,317 35,317 - 1,764 33,553 Financial liabilities: Noninterest-bearing deposits 1,339,108 1,339,108 1,339,108 - - Interest-bearing deposits 4,620,116 4,633,961 3,155,983 1,477,978 - Borrowings 425,954 429,671 - 429,671 - Subordinated debentures 202,648 214,113 - 214,113 - Derivatives 2,119 2,119 - 2,119 - Accrued interest payable 3,687 3,687 - 3,687 -

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2021
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 (Loss) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line item in the Statement Where Net Income is Presented Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (dollars in thousands) Sale of investment securities $ 195 $ - $ 195 $ 29 Net gains on sale of securities available-for-saleavailable Income tax expense available for sale (48 ) - (48 ) (6 ) 147 - 147 23 Net interest income on swaps $ (584 ) $ (318 ) $ (1,215 ) $ (311 ) Borrowings 165 71 342 69 Income tax expense (419 ) (247 ) (873 ) (242 ) Amortization of pension plan net (75 ) (76 ) (150 ) (151 ) Other components of net periodic pension expense actuarial losses 22 21 42 42 Income tax benefit (53 ) (55 ) (108 ) (109 ) Total reclassification $ (325 ) $ (302 ) $ (834 ) $ (328 )
Comprehensive Income (Loss) [Table Text Block]	Accumulated other comprehensive income (loss) as of June 30, 2021 and December 31, 2020 consisted of the following: June 30, December 31, 2021 2020 (dollars in thousands) Investment securities available-for-sale, net of tax $ 3,907 $ 7,859 Cash flow hedge, net of tax (663 ) (1,520 ) Defined benefit pension and post-retirement plans, net of tax (3,434 ) (3,542 ) Total $ (190 ) $ 2,797

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Activity in the Company’s options for the six months ended June 30, 2021 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, 2020 38,013 $ 9.03 Granted - - Exercised (5,449 ) 8.34 Forfeited/cancelled/expired - - Outstanding as of June 30, 2021 32,564 $ 9.15 1.0 $ 554,374 Exercisable as of June 30, 2021 32,564 $ 9.15 1.0 $ 554,374
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Activity in the Company’s restricted shares for the six months ended June 30, 2021 was as follows: Weighted- Average Nonvested Grant Date Shares Fair Value Nonvested as of December 31, 2020 113,114 $ 18.15 Granted 49,590 25.32 Vested (64,149 ) 16.95 Forfeited/cancelled/expired (1,608 ) 24.11 Nonvested June 30, 2021 96,947 $ 22.51
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, 2020 147,636 $ 17.29 Awarded 37,543 25.24 Change in estimate 17,818 20.79 Vested shares (29,421 ) 31.35 Unearned as of June 30, 2021 173,576 233,638 $ 16.99
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, 2020 169,313 $ 14.07 Awarded 45,027 25.24 Vested shares (68,916 ) 16.29 Unearned as of June 30, 2021 145,424 $ 16.48

Components of Net Periodic Pe_2

Components of Net Periodic Pension Cost (Tables)	6 Months Ended
	Jun. 30, 2021
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 Ended June 30, Affected Line Item in the Consolidated Statements of Income 2021 2020 (dollars in thousands) Service cost $ - $ - Interest cost 71 91 Other components of net periodic pension expense Expected return on plan assets (213 ) (196 ) Other components of net periodic pension expense Net amortization 75 76 Other components of net periodic pension expense Total periodic pension income $ (67) $ (29) Six Months Ended June 30, Affected Line Item in the Consolidated Statements of Income 2021 2020 (dollars in thousands) Service cost $ - $ - Interest cost 142 182 Other components of net periodic pension expense Expected return on plan assets (426 ) (392 ) Other components of net periodic pension expense Net amortization 150 151 Other components of net periodic pension expense Total periodic pension income $ (134) $ (59 )

FHLB Borrowings (Tables)

FHLB Borrowings (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	The Company’s FHLB borrowings and weighted average interest rates are summarized below: June 30, 2021 December 31, 2020 Amount Rate Amount Rate (dollars in thousands) Total FHLB borrowings $ 353,462 0.97 % $ 425,954 1.07 % By remaining period to maturity: Less than 1 year $ 268,420 0.93 % $ 297,570 0.84 % 1 year through less than 2 years 57,368 1.24 % 75,644 1.42 % 2 years through less than 3 years - - 50,000 1.84 % 3 years through less than 4 years 25,000 1.00 % - - 4 years through 5 years 2,050 2.23 % - - After 5 years 744 2.41 % 2,824 2.42 % Total FHLB borrowings 353,582 0.97 % 426,038 1.07 % Fair value premium (discount) (120 ) (84 ) FHLB borrowings, net $ 353,462 $ 425,954

Subordinated Debentures (Tables

Subordinated Debentures (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and December 31, 2020. 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

Authoritative Accounting Guid_3

Authoritative Accounting Guidance (Narrative) (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans	$ 84,467,000	$ 80,550,000
Collectively evaluated loans	6,320,081,000	$ 5,192,274,000
Financial Asset Acquired with Credit Deterioration [Member] | Maximum [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans	250,000
Financial Asset Acquired with Credit Deterioration [Member] | Minimum [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated loans	$ 250,000

Authoritative Accounting Guid_4

Authoritative Accounting Guidance (Schedule of Adoption of CECL Standard Resulted Adjustment in Financial Statements) (Details) $ in Thousands	Jan. 02, 2021USD ($)
Allowance for credit losses ("ACL") (loans)	$ 944
Adjustment related to purchased credit-impaired loan marks		[1]
Total ACL - loans	944
ACL (unfunded credit commitments)	1,981
Total impact of CECL adoption	2,925
Change in Consolidated Statement of Condition [Member]
Allowance for credit losses ("ACL") (loans)	1,350
Adjustment related to purchased credit-impaired loan marks	5,207	[1]
Total ACL - loans	6,557
ACL (unfunded credit commitments)	2,833
Total impact of CECL adoption	9,390
Tax Effect [Member]
Allowance for credit losses ("ACL") (loans)	406
Adjustment related to purchased credit-impaired loan marks		[1]
Total ACL - loans	406
ACL (unfunded credit commitments)	852
Total impact of CECL adoption	$ 1,258
[1]	This amounts represents a gross-up of the balance sheet related to nonaccretable credit marks of purchased credit-impaired loans resulting from adoption of CECL on January 1, 2021.

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings per common share:
Net income	$ 32,219	$ 14,832	$ 65,218	$ 20,862
Earnings allocated to participating securities	(81)	(69)	(176)	(94)
Income attributable to common stock	$ 32,138	$ 14,763	$ 65,042	$ 20,768
Weighted average common shares outstanding, including participating securities	39,781	39,640	39,786	39,603
Weighted average participating securities	(100)	(104)	(107)	(123)
Weighted average common shares outstanding	39,681	39,536	39,679	39,480
Incremental shares from assumed conversions of options, performance units and non-participating restricted shares	192	76	214	112
Weighted average common and equivalent shares outstanding	39,873	39,612	39,893	39,592
Earnings per common share:
Basic	$ 0.81	$ 0.37	$ 1.64	$ 0.53
Diluted	$ 0.81	$ 0.37	$ 1.63	$ 0.52

Securities Available-for-Sale_2

Securities Available-for-Sale (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities Pledged as Collateral	$ 178	$ 107.6
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.
Accrued interest receivable for investment securities available for sale	$ 1.4	$ 1.7

Securities Available-for-Sale_3

Securities Available-for-Sale (Details) - Unrealized gains on investment securities - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Securities available-for-sale
Securities, Amortized Cost	$ 453,668	$ 477,326
Securities, Gross Unrealized Gains	6,922	11,015
Securities, Gross Unrealized Losses	(1,657)	(386)
Securities available-for-sale	458,933	487,955
Securities, Allowance for Investment Credit Losses
Federal agency obligations [Member]
Securities available-for-sale
Securities, Amortized Cost	34,649	37,015
Securities, Gross Unrealized Gains	1,197	1,508
Securities, Gross Unrealized Losses	(73)	(65)
Securities available-for-sale	35,773	38,458
Securities, Allowance for Investment Credit Losses
Residential mortgage pass-through securities [Member]
Securities available-for-sale
Securities, Amortized Cost	261,761	266,114
Securities, Gross Unrealized Gains	2,655	4,811
Securities, Gross Unrealized Losses	(1,258)	(41)
Securities available-for-sale	263,158	270,884
Securities, Allowance for Investment Credit Losses
Commercial mortgage pass-through securities [Member]
Securities available-for-sale
Securities, Amortized Cost	8,886	6,906
Securities, Gross Unrealized Gains	202	203
Securities, Gross Unrealized Losses	(293)	(187)
Securities available-for-sale	8,795	6,922
Securities, Allowance for Investment Credit Losses
Obligations of U.S. states and political subdivisions [Member]
Securities available-for-sale
Securities, Amortized Cost	133,722	138,539
Securities, Gross Unrealized Gains	2,695	4,269
Securities, Gross Unrealized Losses	(29)
Securities available-for-sale	136,388	142,808
Securities, Allowance for Investment Credit Losses
Corporate bonds and notes [Member]
Securities available-for-sale
Securities, Amortized Cost	11,459	24,925
Securities, Gross Unrealized Gains	162	222
Securities, Gross Unrealized Losses		(52)
Securities available-for-sale	11,621	25,095
Securities, Allowance for Investment Credit Losses
Asset-backed securities [Member]
Securities available-for-sale
Securities, Amortized Cost	2,874	3,521
Securities, Gross Unrealized Gains	10
Securities, Gross Unrealized Losses	(4)	(41)
Securities available-for-sale	2,880	3,480
Securities, Allowance for Investment Credit Losses
Certificates of deposit [Member]
Securities available-for-sale
Securities, Amortized Cost	150	149
Securities, Gross Unrealized Gains	1	2
Securities, Gross Unrealized Losses
Securities available-for-sale	151	151
Securities, Allowance for Investment Credit Losses
Other securities [Member]
Securities available-for-sale
Securities, Amortized Cost	167	157
Securities, Gross Unrealized Gains
Securities, Gross Unrealized Losses
Securities available-for-sale	167	$ 157
Securities, Allowance for Investment Credit Losses

Securities Available-for-Sale_4

Securities Available-for-Sale (Details) - Investments classified by maturity date - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Securities Available-for-Sale:
Due in one year or less, amortized cost	$ 5,614
Due in one year or less, fair value	5,637
Due after one year through five years, amortized cost	11,193
Due after one year through five years, fair value	11,353
Due after five years through ten years, amortized cost	10,915
Due after five years through ten years, fair value	11,226
Due after ten years, amortized cost	155,132
Due after ten years, fair value	158,597
Total, amortized cost	453,668	$ 477,326
Total, fair value	458,933	487,955
Residential mortgage pass-through securities [Member]
Securities Available-for-Sale:
Total, amortized cost	261,761	266,114
Total, fair value	263,158	270,884
Commercial mortgage pass-through securities [Member]
Securities Available-for-Sale:
Total, amortized cost	8,886	6,906
Total, fair value	8,795	6,922
Other securities [Member]
Securities Available-for-Sale:
Total, amortized cost	167	157
Total, fair value	$ 167	$ 157

Securities Available-for-Sale_5

Securities Available-for-Sale (Details) - Schedule of realized gains and losses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 5,185			$ 19,624
Gross gains on sales/redemption of securities	195		195	29
Gross losses on sales/redemptions of securities
Net gain on sales/redemptions of securities	195		195	29
Less: tax provision on net gain	(48)		(48)	(6)
Net gain on sales/redemptions of securities, after tax	$ 147		$ 147	$ 23

Securities Available-for-Sale_6

Securities Available-for-Sale (Details) - Schedule of unrealized losses not recognized in income - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	$ 177,943	$ 40,838
Investment Securities Available-for-Sale: Total, Unrealized Losses	(1,657)	(386)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	177,376	38,365
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(1,653)	(345)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	567	2,473
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	(4)	(41)
Federal agency obligations [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	1,565	8,978
Investment Securities Available-for-Sale: Total, Unrealized Losses	(73)	(65)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	1,565	8,975
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(73)	(65)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value		3
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	142,615	20,895
Investment Securities Available-for-Sale: Total, Unrealized Losses	(1,258)	(41)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	142,615	20,886
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(1,258)	(41)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value		9
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses
Commercial mortgage pass-through securities [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	4,542	3,954
Investment Securities Available-for-Sale: Total, Unrealized Losses	(293)	(187)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	4,542	3,954
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(293)	(187)
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	28,654
Investment Securities Available-for-Sale: Total, Unrealized Losses	(29)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value	28,654
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses	(29)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses
Corporate bonds and notes [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value		3,928
Investment Securities Available-for-Sale: Total, Unrealized Losses		(52)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value		3,928
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses		(52)
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses
Asset-backed securities [Member]
Investment Securities Available-for-Sale:
Investment Securities Available-for-Sale: Total, Fair Value	567	3,083
Investment Securities Available-for-Sale: Total, Unrealized Losses	(4)	(41)
Investment Securities Available-for-Sale: Less than 12 Months, Fair Value		622
Investment Securities Available-for-Sale: Less than 12 Months, Unrealized Losses
Investment Securities Available-for-Sale: 12 Months or Longer, Fair Value	567	2,461
Investment Securities Available-for-Sale: 12 Months or Longer, Unrealized Losses	$ (4)	$ (41)

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 03, 2020	Jan. 02, 2020	Aug. 06, 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	$ 25,000
Interest expense on derivatives	$ 584	$ 12	$ 318	$ 311

Derivatives (Details) - Summary

Derivatives (Details) - Summary of interest rate swap designated as a cash flow hedges - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional amount	$ 125,000	$ 200,000	$ 175,000
Weighted average pay rates	1.66%	1.70%	1.85%
Weighted average receive rates	0.27%	1.37%	0.92%
Weighted average maturity	6 months	1 year 2 months 12 days	9 months 18 days
Fair value	$ (922)	$ (3,277)	$ (2,119)

Derivatives (Details) - Summa_2

Derivatives (Details) - Summary of net gains (losses) recorded in accumulated other comprehensive income - Interest Rate Contracts [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in OCI (Effective Portion)	$ (42)	$ (566)	$ (18)	$ (3,315)
Amount of (gain) loss reclassified from OCI to interest income	584	318	1,215	311
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	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Derivative [Line Items]
Interest rate swaps related to FHLB advances included in assets, Fair Value	$ (922)	$ (2,119)	$ (3,277)
Interest Rate Swap [Member]
Derivative [Line Items]
Interest rate swaps related to FHLB advances included in assets, Notional Amount	125,000	175,000
Interest rate swaps related to FHLB advances included in assets, Fair Value	$ (922)	$ (2,119)

Loans and the Allowance for C_3

Loans and the Allowance for Credit Losses (Details) $ in Thousands	Jan. 02, 2021USD ($)	Jun. 30, 2021USD ($)Loans	Jun. 30, 2021USD ($)Loans	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)Loans
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
PPP Loans		$ 326,800	$ 326,800		$ 397,500
Non Accrual Contractual Due			90 days
Loans Pledged as Collateral		2,700	$ 2,700		2,700
Provision for credit losses	$ 6,600	$ 1,700	7,000
Loans performing under the restructured terms			33,000		23,700
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans			29,400		25,700
Troubled debt restructurings			62,400		$ 49,400
Specific allowance of TDR's			$ 9,200	$ 47
Number of deferred loans | Loans		79	79		113
Deferred loan		$ 100,020,000	$ 100,020,000		$ 207,000
Special Mention [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Deferred loan		$ 62,000	62,000
90 Days or Greater Past Due and Still Accruing [Member]
LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Details) [Line Items]
Purchased of credit-deteriorated loan			$ 16,400

Loans and the Allowance for C_4

Loans and the Allowance for Credit Losses (Details) - Composition of loan portfolio - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		$ 6,421,598	$ 6,247,681
Net deferred loan fees		(13,694)	(11,374)
Total loans receivable		6,407,904	6,236,307
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	[1]	1,402,697	1,521,967
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		4,138,518	3,783,550
Commercial Construction Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		587,121	617,747
Residential Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		286,907	322,564
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans		$ 6,355	$ 1,853
[1]	Included in commercial loans as of June 30, 2021 and December 31, 2020 were PPP loans of $326.8 million and $397.5 million, respectively.

Loans and the Allowance for C_5

Loans and the Allowance for Credit Losses (Details) - Loans held-for-sale - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Total carrying amount	$ 6,159	$ 4,710
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	5,298	1,990
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	$ 861	$ 2,720

Loans and the Allowance for C_6

Loans and the Allowance for Credit Losses (Details) - Loans receivable on nonaccrual status - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 56,213	$ 61,696
Nonaccrual Loans with an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	33,665
Nonaccrual Loans without an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	22,548
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	31,083	33,019	$ 31,083
Commercial Portfolio Segment [Member] | Nonaccrual Loans with an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	28,009
Commercial Portfolio Segment [Member] | Nonaccrual Loans without an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	3,074
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	16,005	10,111	16,005
Commercial Real Estate Portfolio Segment [Member] | Nonaccrual Loans with an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,722
Commercial Real Estate Portfolio Segment [Member] | Nonaccrual Loans without an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	13,283
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	4,765	14,015	4,765
Commercial Construction Portfolio Segment [Member] | Nonaccrual Loans with an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,934
Commercial Construction Portfolio Segment [Member] | Nonaccrual Loans without an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,831
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	4,360	4,551	$ 4,360
Residential Real Estate Portfolio Segment [Member] | Nonaccrual Loans with an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status
Residential Real Estate Portfolio Segment [Member] | Nonaccrual Loans without an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	4,360
Consumer 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
Consumer Portfolio Segment [Member] | Nonaccrual Loans with an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status
Consumer Portfolio Segment [Member] | Nonaccrual Loans without an ACL [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Loans receivable on nonaccrual status [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status

Loans and the Allowance for C_7

Loans and the Allowance for Credit Losses (Details) - Origination and Risk Designation - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
2021		$ 1,079,786
2020		828,508
2019		595,047
2018		669,506
2017		699,826
Prior		1,321,732
Revolving loans		1,227,193
Gross loans		6,421,598	$ 6,247,681
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		324,725
2020		185,027
2019		66,073
2018		82,819
2017		109,599
Prior		149,289
Revolving loans		485,165
Gross loans	[1]	1,402,697	1,521,967
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		743,236
2020		601,375
2019		464,115
2018		549,886
2017		548,909
Prior		1,073,767
Revolving loans		157,230
Gross loans		4,138,518	3,783,550
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		1,405
2020		7,506
2019		37,715
2018		3,678
2017		3,981
Prior		490
Revolving loans		532,346
Gross loans		587,121	617,747
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		10,420
2020		34,493
2019		27,090
2018		33,091
2017		37,296
Prior		92,197
Revolving loans		52,320
Gross loans		286,907	322,564
Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020		107
2019		54
2018		32
2017		41
Prior		5,989
Revolving loans		132
Gross loans		6,355	1,853
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		1,077,635
2020		828,508
2019		588,997
2018		635,081
2017		682,974
Prior		1,226,262
Revolving loans		1,166,912
Gross loans		6,206,369	6,047,888
Pass [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		324,543
2020		185,027
2019		64,057
2018		69,430
2017		99,833
Prior		123,799
Revolving loans		466,262
Gross loans		1,332,951	1,447,097
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		741,267
2020		601,375
2019		460,081
2018		529,053
2017		541,823
Prior		1,012,888
Revolving loans		141,776
Gross loans		4,028,263	3,700,498
Pass [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		1,405
2020		7,506
2019		37,715
2018		3,678
2017		3,981
Prior		490
Revolving loans		510,227
Gross loans		565,002	587,266
Pass [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		10,420
2020		34,493
2019		27,090
2018		32,888
2017		37,296
Prior		83,096
Revolving loans		48,515
Gross loans		273,798	311,174
Pass [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020		107
2019		54
2018		32
2017		41
Prior		5,989
Revolving loans		132
Gross loans		6,355	1,853
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019		3,600
2018		19,618
2017		10,019
Prior		33,395
Revolving loans		31,107
Gross loans		97,739	79,868
Special Mention [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019		225
2018		258
2017		5,655
Prior		4,235
Revolving loans		15,653
Gross loans		26,026	30,725
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019		3,375
2018		19,360
2017		4,364
Prior		29,160
Revolving loans		15,454
Gross loans		71,713	49,143
Special Mention [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
Special Mention [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		2,151
2020
2019		2,450
2018		14,748
2017		6,833
Prior		62,075
Revolving loans		29,174
Gross loans		117,431	119,710
Substandard [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		182
2020
2019		1,791
2018		13,072
2017		4,111
Prior		21,255
Revolving loans		3,250
Gross loans		43,661	43,930
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021		1,969
2020
2019		659
2018		1,473
2017		2,722
Prior		31,719
Revolving loans
Gross loans		38,542	33,909
Substandard [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans		22,119
Gross loans		22,119	30,481
Substandard [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018		203
2017
Prior		9,101
Revolving loans		3,805
Gross loans		13,109	11,390
Substandard [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018		59
2017
Prior
Revolving loans
Gross loans		59	215
Doubtful [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018		59
2017
Prior
Revolving loans
Gross loans		59	215
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
Doubtful [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
Doubtful [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021
2020
2019
2018
2017
Prior
Revolving loans
Gross loans
[1]	Included in commercial loans as of June 30, 2021 and December 31, 2020 were PPP loans of $326.8 million and $397.5 million, respectively.

Loans and the Allowance for C_8

Loans and the Allowance for Credit Losses (Details) - Credit Quality Indicators - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Gross loans		$ 6,421,598	$ 6,247,681
Pass [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		6,206,369	6,047,888
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		97,739	79,868
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		117,431	119,710
Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		59	215
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Gross loans	[1]	1,402,697	1,521,967
Commercial Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		1,332,951	1,447,097
Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		26,026	30,725
Commercial Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		43,661	43,930
Commercial Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		59	215
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		4,138,518	3,783,550
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		4,028,263	3,700,498
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		71,713	49,143
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		38,542	33,909
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		587,121	617,747
Commercial Construction Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		565,002	587,266
Commercial Construction Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
Commercial Construction Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		22,119	30,481
Commercial Construction Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		286,907	322,564
Residential Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		273,798	311,174
Residential Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
Residential Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		13,109	11,390
Residential Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		6,355	1,853
Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Gross loans		6,355	1,853
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Gross loans
[1]	Included in commercial loans as of June 30, 2021 and December 31, 2020 were PPP loans of $326.8 million and $397.5 million, respectively.

Loans and the Allowance for C_9

Loans and the Allowance for Credit Losses (Details) - Fair value of collateral $ in Thousands	Jun. 30, 2021USD ($)
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	$ 95,602
Real Estate [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	69,436
Other [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	26,166
Commercial Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	32,764
Commercial Portfolio Segment [Member] | Real Estate [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	6,598
Commercial Portfolio Segment [Member] | Other [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	26,166
Commercial Real Estate Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	35,802
Commercial Real Estate Portfolio Segment [Member] | Real Estate [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	35,802
Commercial Real Estate Portfolio Segment [Member] | Other [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral
Commercial Construction Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	16,389
Commercial Construction Portfolio Segment [Member] | Real Estate [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	16,389
Commercial Construction Portfolio Segment [Member] | Other [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral
Residential Real Estate Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	10,647
Residential Real Estate Portfolio Segment [Member] | Real Estate [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral	10,647
Residential Real Estate Portfolio Segment [Member] | Other [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral
Consumer Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral
Consumer Portfolio Segment [Member] | Real Estate [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral
Consumer Portfolio Segment [Member] | Other [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Purchase credit impaired loans [Line Items]
Fair value of collateral

Loans and the Allowance for _10

Loans and the Allowance for Credit Losses (Details) - Schedule of analysis of impaired loans, by class - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment			$ 54,092
No related allowance recorded, Unpaid Principal Balance			55,914
Impaired loans with No Related Allowance Average Recorded Investment	$ 72,447	$ 72,332
Impaired loans with No Related Allowance Interest Income Recognized	260	511
With an allowance recorded, Recorded Investment			26,458
With an allowance recorded, Unpaid Principal Balance			71,844
With an allowance recorded, Related Allowance			14,314
Impaired loans With An Allowance Recorded Average Recorded Investment	6,725	6,725
Impaired loans With An Allowance Recorded Interest Income Recognized	1	3
Total, Recorded Investment			80,550
Total, Unpaid Principal Balance			127,758
Total, Related Allowance			14,314
Total Impaired Loans Average Recorded Investment	79,172	79,057
Total Impaired Loans Interest Income Recognized	261	514
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment			11,325
No related allowance recorded, Unpaid Principal Balance			11,835
Impaired loans with No Related Allowance Average Recorded Investment	35,813	36,127
Impaired loans with No Related Allowance Interest Income Recognized	91	185
With an allowance recorded, Recorded Investment			23,736
With an allowance recorded, Unpaid Principal Balance			69,122
With an allowance recorded, Related Allowance			12,985
Total, Recorded Investment			35,061
Total, Unpaid Principal Balance			80,957
Total, Related Allowance			12,985
Total Impaired Loans Average Recorded Investment	35,813	36,127
Total Impaired Loans Interest Income Recognized	91	185
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment			13,105
No related allowance recorded, Unpaid Principal Balance			13,449
Impaired loans with No Related Allowance Average Recorded Investment	15,415	15,352
Impaired loans with No Related Allowance Interest Income Recognized	82	155
With an allowance recorded, Recorded Investment			2,722
With an allowance recorded, Unpaid Principal Balance			2,722
With an allowance recorded, Related Allowance			1,329
Impaired loans With An Allowance Recorded Average Recorded Investment
Impaired loans With An Allowance Recorded Interest Income Recognized
Total, Recorded Investment			15,827
Total, Unpaid Principal Balance			16,171
Total, Related Allowance			1,329
Total Impaired Loans Average Recorded Investment	15,415	15,352
Total Impaired Loans Interest Income Recognized	82	155
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment			24,284
No related allowance recorded, Unpaid Principal Balance			24,907
Impaired loans with No Related Allowance Average Recorded Investment	17,719	17,545
Impaired loans with No Related Allowance Interest Income Recognized	87	171
Impaired loans With An Allowance Recorded Average Recorded Investment	6,463	6,463
Impaired loans With An Allowance Recorded Interest Income Recognized
Total, Recorded Investment			24,284
Total, Unpaid Principal Balance			24,907
Total, Related Allowance
Total Impaired Loans Average Recorded Investment	24,182	24,008
Total Impaired Loans Interest Income Recognized	87	171
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
No related allowance recorded, Recorded Investment			5,378
No related allowance recorded, Unpaid Principal Balance			5,723
Impaired loans with No Related Allowance Average Recorded Investment	3,500	3,308
Impaired loans with No Related Allowance Interest Income Recognized
Impaired loans With An Allowance Recorded Average Recorded Investment	262	262
Impaired loans With An Allowance Recorded Interest Income Recognized	1	3
Total, Recorded Investment			5,378
Total, Unpaid Principal Balance			5,723
Total, Related Allowance
Total Impaired Loans Average Recorded Investment	3,762	3,570
Total Impaired Loans Interest Income Recognized	$ 1	$ 3
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 Credit Losses (Details) - Aging analysis - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 56,213	$ 61,696
Total Past Due and Nonaccrual	76,475	98,000
Gross Loans	6,421,598	6,247,681
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	31,083	33,019	$ 31,083
Total Past Due and Nonaccrual	35,968	38,204
Gross Loans	1,402,697	1,521,967
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	16,005	10,111	16,005
Total Past Due and Nonaccrual	23,612	33,064
Gross Loans	4,138,518	3,783,550
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	4,765	14,015	4,765
Total Past Due and Nonaccrual	7,986	16,487
Gross Loans	587,121	617,747
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	4,360	4,551	$ 4,360
Total Past Due and Nonaccrual	8,907	10,243
Gross Loans	286,907	322,564
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual
Total Past Due and Nonaccrual	2	2
Gross Loans	6,355	1,853
Current [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	6,345,123	6,149,681
Current [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	1,366,729	1,483,763
Current [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	4,114,906	3,750,486
Current [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	579,135	601,260
Current [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	278,000	312,321
Current [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	6,353	1,851
30 - 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	509	18,544
30 - 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	297	1,445
30 - 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual		13,258
30 - 59 Days Past Due [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual		2,472
30 - 59 Days Past Due [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	210	1,367
30 - 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	2	2
60 - 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	99	4,939
60 - 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual		558
60 - 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual		4,140
60 - 89 Days Past Due [Member] | Commercial Construction Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual
60 - 89 Days Past Due [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Nonaccrual	99	241
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	19,654	12,821
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	4,588	3,182
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	7,607	5,555
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	3,221
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	4,238	4,084
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 Credit Losses (Details) - Allowance for loan and lease losses - USD ($) $ in Thousands		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items]
ACL, Individually evaluated for impairment		$ 17,886		$ 14,314
ACL, Collectively evaluated for impairment		55,591		59,072
ACL, Acquired portfolio				5,840
ACL, Acquired with deteriorated credit quality individually analyzed		5,207
Total		78,684	$ 80,568	79,226	$ 68,724	$ 54,169	$ 38,293
Gross loans
Loans Receivable, Individually evaluated for impairment		84,467		80,550
Loans Receivable, Collectively evaluated for impairment		6,320,081		5,192,274
Loans Receivable, Acquired portfolio				961,340
Loans Receivables, Acquired with deteriorated credit quality individually analyzed		17,050		13,517
Total		6,421,598		6,247,681
Commercial Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items]
ACL, Individually evaluated for impairment		15,618		12,985
ACL, Collectively evaluated for impairment		7,673		15,412
ACL, Acquired portfolio				46
ACL, Acquired with deteriorated credit quality individually analyzed		2,276
Total		25,567	26,435	28,443	9,345	9,058	8,349
Gross loans
Loans Receivable, Individually evaluated for impairment		33,473		35,061
Loans Receivable, Collectively evaluated for impairment		1,364,019		1,414,626
Loans Receivable, Acquired portfolio				68,402
Loans Receivables, Acquired with deteriorated credit quality individually analyzed		5,205		3,878
Total	[1]	1,402,697		1,521,967
Commercial Real Estate Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items]
ACL, Individually evaluated for impairment		1,485		1,329
ACL, Collectively evaluated for impairment		39,553		33,373
ACL, Acquired portfolio				4,628
ACL, Acquired with deteriorated credit quality individually analyzed		2,777
Total		43,815	43,897	39,330	22,655	22,036	20,853
Gross loans
Loans Receivable, Individually evaluated for impairment		28,197		15,827
Loans Receivable, Collectively evaluated for impairment		4,102,715		2,959,978
Loans Receivable, Acquired portfolio				802,190
Loans Receivables, Acquired with deteriorated credit quality individually analyzed		7,606		5,555
Total		4,138,518		3,783,550
Commercial Construction Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items]
ACL, Individually evaluated for impairment		434
ACL, Collectively evaluated for impairment		4,493		7,787
ACL, Acquired portfolio				407
ACL, Acquired with deteriorated credit quality individually analyzed
Total		4,927	5,521	8,194	8,026	7,819	7,304
Gross loans
Loans Receivable, Individually evaluated for impairment		16,389		24,284
Loans Receivable, Collectively evaluated for impairment		570,732		574,118
Loans Receivable, Acquired portfolio				19,345
Loans Receivables, Acquired with deteriorated credit quality individually analyzed
Total		587,121		617,747
Residential Real Estate Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items]
ACL, Individually evaluated for impairment		349
ACL, Collectively evaluated for impairment		3,863		1,928
ACL, Acquired portfolio				759
ACL, Acquired with deteriorated credit quality individually analyzed		154
Total		4,366	4,704	2,687	1,690	1,681	1,685
Gross loans
Loans Receivable, Individually evaluated for impairment		6,408		5,378
Loans Receivable, Collectively evaluated for impairment		276,260		241,925
Loans Receivable, Acquired portfolio				71,177
Loans Receivables, Acquired with deteriorated credit quality individually analyzed		4,239		4,084
Total		286,907		322,564
Consumer Portfolio Segment [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items]
ACL, Individually evaluated for impairment
ACL, Collectively evaluated for impairment		9		4
ACL, Acquired portfolio
ACL, Acquired with deteriorated credit quality individually analyzed
Total		9	11	4	5	3	3
Gross loans
Loans Receivable, Individually evaluated for impairment
Loans Receivable, Collectively evaluated for impairment		6,355		1,627
Loans Receivable, Acquired portfolio				226
Loans Receivables, Acquired with deteriorated credit quality individually analyzed
Total		6,355		1,853
Unallocated [Member]
Loans and the Allowance for Loan and Lease Losses (Details) - Allowance for loan and lease losses [Line Items]
ACL, Individually evaluated for impairment
ACL, Collectively evaluated for impairment				568
ACL, Acquired portfolio
ACL, Acquired with deteriorated credit quality individually analyzed
Total				$ 568	$ 27,003	$ 13,572	$ 99
[1]	Included in commercial loans as of June 30, 2021 and December 31, 2020 were PPP loans of $326.8 million and $397.5 million, respectively.

Loans and the Allowance for _13

Loans and the Allowance for Credit Losses (Details) - Schedule of allowance for loan losses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	$ 80,568	$ 54,169	$ 79,226	$ 38,293
Day 1 effect of CECL			6,557
Balance as of January 1, 2021 as adjusted for changes in accounting principle			85,783
Charge-offs	(212)	(449)	(212)	(576)
Recoveries	14	4	75	7
(Reversal of) provision for credit losses (loans)	(1,686)	15,000	(6,962)	31,000
Balance	78,684	68,724	78,684	68,724
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	26,435	9,058	28,443	8,349
Day 1 effect of CECL			(4,225)
Balance as of January 1, 2021 as adjusted for changes in accounting principle			24,218
Charge-offs	(50)	(380)	(50)	(504)
Recoveries	13	2	73	2
(Reversal of) provision for credit losses (loans)	(831)	665	1,326	1,498
Balance	25,567	9,345	25,567	9,345
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	43,897	22,036	39,330	20,853
Day 1 effect of CECL			9,605
Balance as of January 1, 2021 as adjusted for changes in accounting principle			48,935
Charge-offs	(155)		(155)
Recoveries		2		2
(Reversal of) provision for credit losses (loans)	73	617	(4,965)	1,800
Balance	43,815	22,655	43,815	22,655
Commercial Construction Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	5,521	7,819	8,194	7,304
Day 1 effect of CECL			(961)
Balance as of January 1, 2021 as adjusted for changes in accounting principle			7,233
Charge-offs
Recoveries
(Reversal of) provision for credit losses (loans)	(594)	207	(2,306)	722
Balance	4,927	8,026	4,927	8,026
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	4,704	1,681	2,687	1,685
Day 1 effect of CECL			2,697
Balance as of January 1, 2021 as adjusted for changes in accounting principle			5,384
Charge-offs	(7)	(69)	(7)	(69)
Recoveries				3
(Reversal of) provision for credit losses (loans)	(331)	78	(1,011)	71
Balance	4,366	1,690	4,366	1,690
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance	11	3	4	3
Day 1 effect of CECL			9
Balance as of January 1, 2021 as adjusted for changes in accounting principle			13
Charge-offs				(3)
Recoveries	1		2
(Reversal of) provision for credit losses (loans)	(3)	2	(6)	5
Balance	9	5	9	5
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance		13,572	568	99
Day 1 effect of CECL			(568)
Balance as of January 1, 2021 as adjusted for changes in accounting principle
Charge-offs
Recoveries
(Reversal of) provision for credit losses (loans)		13,431		26,904
Balance		$ 27,003		$ 27,003

Loans and the Allowance for _14

Loans and the Allowance for Credit Losses (Details) - Schedule of Troubled Debt Restructuring by Class $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)Integer
Troubled debt restructurings:
Number of Loans | Integer	10
Pre-Modification Outstanding Recorded Investment	$ 12,633
Post-Modification Outstanding Recorded Investment	$ 12,633
Commercial Portfolio Segment [Member]
Troubled debt restructurings:
Number of Loans | Integer	3
Pre-Modification Outstanding Recorded Investment	$ 631
Post-Modification Outstanding Recorded Investment	$ 631
Commercial Real Estate Portfolio Segment [Member]
Troubled debt restructurings:
Number of Loans | Integer	3
Pre-Modification Outstanding Recorded Investment	$ 8,603
Post-Modification Outstanding Recorded Investment	$ 8,603
Commercial Construction Portfolio Segment [Member]
Troubled debt restructurings:
Number of Loans | Integer	1
Pre-Modification Outstanding Recorded Investment	$ 1,641
Post-Modification Outstanding Recorded Investment	$ 1,641
Residential Real Estate Portfolio Segment [Member]
Troubled debt restructurings:
Number of Loans | Integer	3
Pre-Modification Outstanding Recorded Investment	$ 1,758
Post-Modification Outstanding Recorded Investment	$ 1,758

Loans and the Allowance for _15

Loans and the Allowance for Credit Losses (Details) - Schedule of Composition of Loans by Loan Segments $ in Thousands	Jun. 30, 2021USD ($)Loans	Dec. 31, 2020USD ($)Loans
Financing Receivable, Past Due [Line Items]
Number of loans | Loans	79	113
Unpaid Principal Balance | $	$ 100,020,000	$ 207,000
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Number of loans | Loans	59
Unpaid Principal Balance | $	$ 17,260
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Number of loans | Loans	20
Unpaid Principal Balance | $	$ 82,760

Loans and the Allowance for _16

Loans and the Allowance for Credit Losses (Details) - Schedule of ACL for off-balance sheet credit exposure - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Receivables [Abstract]
Balance	$ 2,343
Day 1 Effect of CECL		2,833
(Reversal of) provision for credit losses (unfunded commitments)	37	(453)
Balance	$ 2,380	$ 2,380

Loans and the Allowance for _17

Loans and the Allowance for Credit Losses (Details) - Schedule of (Reversal of) provision for credit losses - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Receivables [Abstract]
(Reversal of) provision for credit losses (loans)	$ (1,686)	$ (6,962)
(Reversal of) provision for credit losses (unfunded commitments)	37	(453)
(Reversal of) provision for credit losses	$ (1,649)	$ (7,415)

Fair Value Measurements and F_3

Fair Value Measurements and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Impaired Financing Receivable, with Related Allowance, Recorded Investment		$ 26,458
Impaired Financing Receivable, Related Allowance	$ 17,886	14,314
Impaired Loans [Member]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	40,000	26,500
Impaired Financing Receivable, Related Allowance	$ 20,600	$ 14,300

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	Jun. 30, 2021	Dec. 31, 2020
Available-for-sale:
Securities available-for-sale	$ 458,933	$ 487,955
Equity securities	13,223	13,387
LIABILITIES
Derivatives	922	2,119
Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale	167	157
Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	450,061	478,954
Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale	8,705	8,844
Federal agency obligations [Member]
Available-for-sale:
Securities available-for-sale	35,773	38,458
Residential mortgage pass-through securities [Member]
Available-for-sale:
Securities available-for-sale	263,158	270,884
Commercial mortgage pass-through securities [Member]
Available-for-sale:
Securities available-for-sale	8,795	6,922
Obligations of U.S. states and political subdivisions [Member]
Available-for-sale:
Securities available-for-sale	136,388	142,808
Corporate bonds and notes [Member]
Available-for-sale:
Securities available-for-sale	11,621	25,095
Asset-backed securities [Member]
Available-for-sale:
Securities available-for-sale	2,880	3,480
Certificates of deposit [Member]
Available-for-sale:
Securities available-for-sale	151	151
Other securities [Member]
Available-for-sale:
Securities available-for-sale	167	157
Recurring [Member]
Available-for-sale:
Securities available-for-sale	458,933	487,955
Equity securities	13,223	13,387
Total assets	472,156	501,342
LIABILITIES
Derivatives	(922)	(2,119)
Total liabilities	(922)	(2,119)
Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale	167	157
Equity securities	11,243	13,387
Total assets	11,410	13,544
LIABILITIES
Derivatives
Total liabilities
Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale:
Securities available-for-sale	450,061	478,954
Equity securities	1,980
Total assets	452,041	478,954
LIABILITIES
Derivatives	(922)	(2,119)
Total liabilities	(922)	(2,119)
Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale	8,705	8,844
Equity securities
Total assets	8,705	8,844
LIABILITIES
Derivatives
Total liabilities
Recurring [Member] | Federal agency obligations [Member]
Available-for-sale:
Securities available-for-sale	35,773	38,458
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	35,773	38,458
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	263,158	270,884
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	263,158	270,884
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	8,795	6,922
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	8,795	6,922
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	136,388	142,808
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	127,683	133,964
Recurring [Member] | Obligations of U.S. states and political subdivisions [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale:
Securities available-for-sale	8,705	8,844
Recurring [Member] | Corporate bonds and notes [Member]
Available-for-sale:
Securities available-for-sale	11,621	25,095
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	11,621	25,095
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	2,880	3,480
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	2,880	3,480
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	151
Recurring [Member] | Other securities [Member]
Available-for-sale:
Securities available-for-sale	167	157
Recurring [Member] | Other securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale:
Securities available-for-sale	167	157
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	151
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	Jun. 30, 2021	Dec. 31, 2020
Commercial Portfolio Segment [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	$ 12,928	$ 10,751
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	12,928	10,751
Commercial Real Estate [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	1,902	1,393
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	1,902	$ 1,393
Commercial construction [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	2,500
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	2,500
Residential Real Estate [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	2,033
Residential Real Estate [Member] | Fair Value, Inputs, Level 1 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Residential Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value
Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis:
Fair value	$ 2,033

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	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Balance of recurring Level 3 assets at January 1	$ 8,844	$ 9,114
Principal paydowns	(139)	(270)
Balance of recurring Level 3 assets at December 31	$ 8,705	$ 8,844

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	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair value	$ 472,156	$ 501,342
Municipal Securities [Member]
Fair value	$ 8,705	$ 8,844
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] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Commercial Portfolio Segment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 12,928	$ 10,751
Commercial Real Estate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	1,902	1,393
Commercial construction [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	2,500
Non-recurring [Member] | Commercial Portfolio Segment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 12,178	$ 227
Valuation Techniques	Market approach (100)	Appraisals of collateral value
Unobservable Input	Average transfer price as a price to unpaid principal balance	Adjustment for comparable sales
Non-recurring [Member] | Commercial Portfolio Segment [Member] | Market approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(49.00%)	(2.00%)
Non-recurring [Member] | Commercial Portfolio Segment [Member] | Market approach [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	48.00%	1.00%
Non-recurring [Member] | Commercial Portfolio Segment [Member] | Market approach [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	53.00%	5.00%
Non-recurring [Member] | Commercial Portfolio Segment1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 750	$ 10,524
Valuation Techniques	Appraisals of collateral value	Market approach (100%)
Unobservable Input	Comparable sales	Average transfer price as a price to unpaid principal balance
Non-recurring [Member] | Commercial Portfolio Segment1 [Member] | Market approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(2.00%)	(49.00%)
Non-recurring [Member] | Commercial Portfolio Segment1 [Member] | Market approach [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	0.00%	48.00%
Non-recurring [Member] | Commercial Portfolio Segment1 [Member] | Market approach [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	5.00%	53.00%
Non-recurring [Member] | Commercial Real Estate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,902	$ 1,393
Valuation Techniques	Appraisals of collateral value	Appraisals of collateral value
Unobservable Input	Comparable sales	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%)	(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%	(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	0.00%	20.00%
Non-recurring [Member] | Commercial construction [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 2,500
Valuation Techniques	Appraisals of collateral value
Unobservable Input	Comparable sales
Non-recurring [Member] | Commercial construction [Member] | Sales comparison approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	15.00%
Non-recurring [Member] | Residential [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 2,033
Valuation Techniques	Appraisals of collateral value
Unobservable Input	Comparable sales
Non-recurring [Member] | Residential [Member] | Sales comparison approach [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	(6.00%)
Non-recurring [Member] | Residential [Member] | Sales comparison approach [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	15.00%
Non-recurring [Member] | Residential [Member] | Sales comparison approach [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Capitalization rate	1.00%

Fair Value Measurements and F_9

Fair Value Measurements and Fair Value of Financial Instruments (Details) - Schedule of fair value hierarchy - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Financial assets
Cash and due from banks, Carrying Amount	$ 349,417	$ 303,756	$ 349,361	$ 201,483
Cash and due from banks, Fair Value	349,417	303,756
Securities available-for-sale, Carrying Amount	458,933	487,955
Securities available-for-sale	458,933	487,955
Investment in restricted stocks, Carrying Amount	22,563	25,099
Investment in restricted stocks, Fair Value
Equity securities, Carrying Amount	13,223	13,387
Equity securities, Fair Value	13,223	13,387
Net loans, Carrying Amount	6,329,220	6,157,081
Net loans, Fair Value	6,391,465	6,244,037
Accrued interest receivable, Carrying Amount	34,001	35,317
Accrued interest receivable, Fair Value	34,001	35,317
Financial liabilities
Noninterest-bearing deposits, Carrying Amount	1,485,952	1,339,108
Noninterest-bearing deposits, Fair Value	1,485,952	1,339,108
Interest-bearing deposits, Carrying Amount	4,706,561	4,620,116
Interest-bearing deposits, Fair Value	4,710,337	4,633,961
Borrowings, Carrying Amount	353,462	425,954
Borrowings, Fair Value	355,783	429,671
Subordinated debentures, Carrying Amount	152,800	202,648
Subordinated debentures, Fair Value	164,757	214,113
Derivatives, Carrying Amount	922	2,119
Derivatives, Fair Value	922	2,119
Accrued interest payable, Carrying Amount	3,083	3,687
Accrued interest payable, Fair Value	3,083	3,687
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and due from banks, Fair Value	349,417	303,756
Securities available-for-sale	167	157
Investment in restricted stocks, Fair Value
Equity securities, Fair Value	11,243	13,387
Net loans, Fair Value
Accrued interest receivable, Fair Value
Financial liabilities
Noninterest-bearing deposits, Fair Value	1,485,952	1,339,108
Interest-bearing deposits, Fair Value	3,404,754	3,155,983
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	450,061	478,954
Investment in restricted stocks, Fair Value
Equity securities, Fair Value	1,980
Net loans, Fair Value
Accrued interest receivable, Fair Value	1,444	1,764
Financial liabilities
Noninterest-bearing deposits, Fair Value
Interest-bearing deposits, Fair Value	1,305,583	1,477,978
Borrowings, Fair Value	355,783	429,671
Subordinated debentures, Fair Value	164,757	214,113
Derivatives, Fair Value	922	2,119
Accrued interest payable, Fair Value	3,083	3,687
Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and due from banks, Fair Value
Securities available-for-sale	8,705	8,844
Investment in restricted stocks, Fair Value
Equity securities, Fair Value
Net loans, Fair Value	6,391,465	6,244,037
Accrued interest receivable, Fair Value	32,557	33,553
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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
COMPREHENSIVE INCOME (Details) - Comprehensive Income (Loss) [Line Items]
Sale of securities available-for-sale Net gains on sale of securities available-for-sale	$ 271	$ (1,423)	$ (5,169)	$ 4,829
Sale of securities available-for-sale Income tax expense	(68)	392	1,364	(1,299)
Net interest income on swaps - Borrowings	(584)	(12)	(318)	(311)
Net interest income on swaps Income tax expense	167	71	344	69
Net interest income on swaps	417	247	871	242
Total reclassification	499	(1,155)	(2,987)	1,456
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	195		195	29
Sale of securities available-for-sale Income tax expense	(48)		(48)	(6)
Sale of securities available-for-sale	147		147	23
Net interest income on swaps - Borrowings	(584)	(318)	(1,215)	(311)
Net interest income on swaps Income tax expense	165	71	342	69
Net interest income on swaps	(419)	(247)	(873)	(242)
Amortization of pension plan net actuarial losses - other components of net periodic pension expense	(75)	(76)	(150)	(151)
Amortization of pension plan net actuarial losses Income tax benefit	22	21	42	42
Amortization of pension plan net actuarial losses	(53)	(55)	(108)	(109)
Total reclassification	$ (325)	$ (302)	$ (834)	$ (328)

Comprehensive Income (Details_2

Comprehensive Income (Details) - Schedule of Accumulated Other Comprehensive Income (Loss) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract]
Investment securities available-for-sale, net of tax	$ 3,907	$ 7,859
Cash flow hedge, net of tax	(663)	(1,520)
Defined benefit pension and post-retirement plans, net of tax	(3,434)	(3,542)
Total accumulated other comprehensive loss	$ (190)	$ 2,797

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2017
Stock-based compensation	$ 1,000	$ 700	$ 1,957	$ 1,201
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)
Share-based Compensation Arrangement by Share-based Payment Award, Award expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	32,564		32,564		38,013
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)			45,027
Unrecognized compensation cost related to nonvested shares	$ 1,800		$ 1,800
Weighted average period related to compesation cost			1 year 4 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	145,424		145,424		169,313
Performance unit shares to satisfy tax obligation created from vesting, net			34,458
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)			14,710
Unrecognized compensation cost related to nonvested shares	$ 1,700		$ 1,700
Weighted average period related to compesation cost			1 year 9 months 18 days
Performance unit shares to satisfy tax obligation created from vesting, net			14,711
Non-vested restricted stock units [Member]
Unrecognized compensation cost related to nonvested shares	$ 2,000		$ 2,000
Weighted average period related to compesation cost			2 years 1 month 6 days
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)			332,628

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	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Outstanding Beginning Balance	38,013
Granted
Exercised	(5,449)	(25,413)
Forfeited/cancelled/expired
Outstanding Ending Balance	32,564
Exercisable Ending Balance	32,564
Outstanding Beginning Balance, Weighted-Average Exercise Price	$ 9.03
Exercised, Weighted-Average Granted Price
Exercised, Weighted-Average Exercise Price	8.34
Forfeited/cancelled/expired, Weighted-Average Exercise Price
Outstanding Ending Balance, Weighted-Average Exercise Price	9.15
Exercisable Ending Balance, Weighted-Average Exercise Price	$ 9.15
Outstanding Ending Balance - Weighted-Average Remaining Contractual Term (In Years)	1 year
Exercisable Ending Balance - Weighted-Average Remaining Contractual Term (In Years)	1 year
Outstanding Ending Balance - Aggregate Intrinsic Value	$ 554,374
Exercisable Ending Balance - Aggregate Intrinsic Value	$ 554,374

Stock Based Compensation (Det_3

Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Nonvested Shares	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Granted
Nonvested [Member]
Nonvested at December 31, 2020	113,114
Granted	49,590
Vested	(64,149)
Forfeited/cancelled/expired	(1,608)
Nonvested June 30, 2021	96,947
Outstanding, beginning balance | $ / shares	$ 18.15
Granted | $ / shares	25.32
Vested | $ / shares	16.95
Forfeited/cancelled/expired | $ / shares	24.11
Outstanding, ending balance | $ / shares	$ 22.51

Stock Based Compensation (Det_4

Stock Based Compensation (Details) - Schedule of Share-based Payment Award, Unearned Shares	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Outstanding Beginning Balance	38,013
Awarded
Outstanding Ending Balance	32,564
Unearned [Member]
Outstanding Beginning Balance	147,636
Awarded	37,543
Change in estimate	17,818
Vested shares	(29,421)
Outstanding Ending Balance	173,576
Outstanding, beginning balance | $ / shares	$ 17.29
Awarded | $ / shares	25.24
Change in estimate | $ / shares	20.79
Vested shares | $ / shares	31.35
Outstanding, ending balance | $ / shares	$ 16.99
Unearned [Member] | Maximum [Member]
Outstanding Ending Balance	233,638
Restricted Stock [Member]
Outstanding Beginning Balance	169,313
Awarded	45,027
Vested shares	(68,916)
Outstanding Ending Balance	145,424
Outstanding, beginning balance | $ / shares	$ 14.07
Awarded | $ / shares	25.24
Vested shares | $ / shares	16.29
Outstanding, ending balance | $ / shares	$ 16.48

Components of Net Periodic Pe_3

Components of Net Periodic Pension Cost (Schedule of Net Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Average daily balance during the year
Service cost
Interest cost	71	91	142	182
Expected return on plan assets	(213)	(196)	(426)	(392)
Net amortization	75	76	150	151
Total periodic pension income	$ (67)	$ (29)	$ (134)	$ (59)

FHLB Borrowings (Details)

FHLB Borrowings (Details) $ in Billions	Jun. 30, 2021USD ($)
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]
Value of commercial loans used as collateral for FHLB advances	$ 2
Remaining borrowing capacity	$ 1.2

FHLB Borrowings (Details) - Sch

FHLB Borrowings (Details) - Schedule of components of FHLB borrowings and weighted average interest rates - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
By type of borrowing:
FHLB borrowings (in Dollars)	$ 353,462	$ 425,954
Weighted average interest rates	0.97%	1.07%
By remaining period to maturity:
Less than 1 year (in Dollars)	$ 268,420	$ 297,570
Less than 1 year	0.93%	0.84%
1 year through less than 2 years (in Dollars)	$ 57,368	$ 75,644
1 year through less than 2 years	1.24%	1.42%
2 years through less than 3 years (in Dollars)		$ 50,000
2 years through less than 3 years		1.84%
3 years through less than 4 years (in Dollars)	$ 25,000
3 years through less than 4 years	1.00%
4 years through less than 5 years (in Dollars)	$ 2,050
4 years through less than 5 years	2.23%
After 5 years (in Dollars)	$ 744	$ 2,824
After 5 years	2.41%	2.42%
Total FHLB borrowings (in Dollars)	$ 353,582	$ 426,038
Fair value premium (discount)	(120)	(84)
Total borrowings	$ 353,462	$ 425,954

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Millions	1 Months Ended			6 Months Ended	12 Months Ended
	Jun. 30, 2020	Jan. 31, 2018	Jun. 30, 2015	Jun. 30, 2021	Dec. 31, 2020
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				3.04%
Proceeds from Issuance of Debt				$ 5.2
Debt Instrument, Maturity Date				Jan. 23, 2034
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
Fixed-to-floating Rate Subordinated 2018 Notes [Member]
Subordinated Debentures (Details) [Line Items]
Proceeds from Issuance of Debt		$ 75
Debt Instrument, Maturity Date		Feb. 1, 2028
Debt Instrument, Interest Rate, Stated Percentage		5.20%
Debt Instrument, Description of Variable Rate Basis				three-month LIBOR rate plus 284 basis points
Bank [Member]
Subordinated Debentures (Details) [Line Items]
Proceeds from Issuance of Debt		$ 65
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					4.16%

Subordinated Debentures (Deta_2

Subordinated Debentures (Details) - Schedule of Subordinated Borrowing - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule of Subordinated Borrowing [Abstract]
Issuance Date	Dec. 19, 2003	Dec. 19, 2003
Securities Issued	$ 5,000,000	$ 5,000,000
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