The First of Long Island Corporation (FLIC) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document Information [Line Items]
Entity Registrant Name	First of Long Island Corp
Entity Central Index Key	740,663
Trading Symbol	flic
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		15,670,062
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Assets:
Cash and cash equivalents	$ 51,026,000	$ 39,635,000
Investment securities:
Held-to-maturity, at amortized cost (fair value of $12,637 and $14,910)	12,206,000	14,371,000
Available-for-sale, at fair value	862,001,000	737,700,000
	874,207,000	752,071,000
Loans held-for-sale	0	105,000
Loans:
Commercial and industrial	105,106,000	93,056,000
Secured by real estate:
Commercial mortgages	1,043,560,000	1,036,331,000
Residential mortgages	1,110,977,000	1,025,215,000
Home equity lines	87,971,000	87,848,000
Consumer and other	5,998,000	5,733,000
	2,353,612,000	2,248,183,000
Allowance for loan losses	(27,677,000)	(27,256,000)
	2,325,935,000	2,220,927,000
Restricted stock, at cost	23,074,000	28,435,000
Bank premises and equipment, net	31,527,000	30,330,000
Bank-owned life insurance	32,914,000	32,447,000
Pension plan assets, net	14,451,000	14,337,000
Other assets	14,154,000	12,056,000
	3,367,288,000	3,130,343,000
Liabilities:
Checking	765,392,000	777,994,000
Savings, NOW and money market	1,562,740,000	1,195,968,000
Time, $100,000 and over	190,606,000	198,147,000
Time, other	106,117,000	112,566,000
	2,624,855,000	2,284,675,000
Short-term borrowings	57,666,000	211,502,000
Long-term debt	359,212,000	365,712,000
Accrued expenses and other liabilities	9,497,000	12,313,000
Deferred income taxes payable	10,406,000	5,205,000
	3,061,636,000	2,879,407,000
Stockholders' Equity:
Common stock, par value $.10 per share: Authorized, 40,000,000 shares; Issued and outstanding, 15,590,694 and 14,116,677 shares	1,559,000	1,412,000
Surplus	96,273,000	56,931,000
Retained earnings	194,128,000	185,069,000
	291,960,000	243,412,000
Accumulated other comprehensive income, net of tax	13,692,000	7,524,000
	305,652,000	250,936,000
	$ 3,367,288,000	$ 3,130,343,000

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Held-to-maturity, at fair value	$ 12,637	$ 14,910
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	15,590,694	14,116,677
Common stock, shares outstanding (in shares)	15,590,694	14,116,677

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income:
Loans	$ 20,241,000	$ 17,140,000	$ 40,055,000	$ 33,691,000
Taxable	2,020,000	2,124,000	3,910,000	4,242,000
Nontaxable	3,420,000	3,403,000	6,823,000	6,792,000
	25,681,000	22,667,000	50,788,000	44,725,000
Interest expense:
Savings, NOW and money market deposits	1,410,000	605,000	2,343,000	1,150,000
Time deposits	1,299,000	1,489,000	2,674,000	3,070,000
Short-term borrowings	7,000	13,000	131,000	94,000
Long-term debt	1,692,000	2,066,000	3,666,000	4,111,000
	4,408,000	4,173,000	8,814,000	8,425,000
Net interest income	21,273,000	18,494,000	41,974,000	36,300,000
Provision for loan losses	139,000	942,000	392,000	1,353,000
Net interest income after provision for loan losses	21,134,000	17,552,000	41,582,000	34,947,000
Noninterest income:
Investment Management Division income	514,000	532,000	990,000	1,039,000
Service charges on deposit accounts	656,000	669,000	1,290,000	1,325,000
Net gains on sales of securities	1,844,000	1,133,000	1,844,000	1,133,000
Other	717,000	749,000	1,361,000	1,542,000
	3,731,000	3,083,000	5,485,000	5,039,000
Noninterest expense:
Salaries	5,471,000	4,968,000	11,049,000	10,020,000
Employee benefits	1,780,000	1,376,000	3,449,000	2,739,000
Occupancy and equipment	2,202,000	2,111,000	4,579,000	4,569,000
Debt extinguishment	1,756,000	1,084,000	1,756,000	1,084,000
Other	3,663,000	2,503,000	6,470,000	4,777,000
	14,872,000	12,042,000	27,303,000	23,189,000
Income before income taxes	9,993,000	8,593,000	19,764,000	16,797,000
Income tax expense	2,373,000	2,317,000	4,714,000	4,036,000
Net income	$ 7,620,000	$ 6,276,000	$ 15,050,000	$ 12,761,000
Earnings per share:
Basic (in dollars per share)	$ 0.51	$ 0.45	$ 1.03	$ 0.91
Diluted (in dollars per share)	0.50	0.44	1.02	0.90
Cash dividends declared per share (in dollars per share)	$ 0.20	$ 0.19	$ 0.40	$ 0.38

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 7,620,000	$ 6,276,000	$ 15,050,000	$ 12,761,000
Other comprehensive income (loss):
Change in net unrealized holding gains on available-for-sale securities	5,511,000	(9,445,000)	10,653,000	(6,861,000)
Change in funded status of pension plan	61,000	0	122,000	0
Other comprehensive income (loss) before income taxes	5,572,000	(9,445,000)	10,775,000	(6,861,000)
Income tax expense (benefit)	2,335,000	(3,839,000)	4,607,000	(2,862,000)
Other comprehensive income (loss)	3,237,000	(5,606,000)	6,168,000	(3,999,000)
Comprehensive income	$ 10,857,000	$ 670,000	$ 21,218,000	$ 8,762,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2014	13,887,134
Balance at Dec. 31, 2014	$ 1,389,000	$ 51,009,000	$ 170,120,000	$ 10,785,000	$ 233,303,000
Net income			12,761,000		12,761,000
Other comprehensive income				(3,999,000)	(3,999,000)
Repurchase of common stock (in shares)	(12,227)
Repurchase of common stock	$ (1,000)	(286,000)			(287,000)
Common stock issued under stock compensation plans, including tax benefit (in shares)	61,138
Common stock issued under stock compensation plans, including tax benefit	$ 6,000	461,000			467,000
Common stock issued under dividend reinvestment and stock purchase plan (in shares)	59,576
Common stock issued under dividend reinvestment and stock purchase plan	$ 6,000	1,428,000			1,434,000
Stock-based compensation		746,000			746,000
Cash dividends declared			(5,312,000)		(5,312,000)
Balance (in shares) at Jun. 30, 2015	13,995,621
Balance at Jun. 30, 2015	$ 1,400,000	53,358,000	177,569,000	6,786,000	239,113,000
Balance (in shares) at Dec. 31, 2015	14,116,677
Balance at Dec. 31, 2015	$ 1,412,000	56,931,000	185,069,000	7,524,000	250,936,000
Net income			15,050,000		15,050,000
Other comprehensive income				6,168,000	6,168,000
Common stock issued in public offering, net of issuance costs (in shares)	1,300,000
Common stock issued in public offering, net of issuance costs	$ 130,000	35,132,000			35,262,000
Repurchase of common stock (in shares)	(13,393)
Repurchase of common stock	$ (1,000)	(369,000)			(370,000)
Common stock issued under stock compensation plans, including tax benefit (in shares)	82,762
Common stock issued under stock compensation plans, including tax benefit	$ 8,000	776,000			784,000
Common stock issued under dividend reinvestment and stock purchase plan (in shares)	104,648
Common stock issued under dividend reinvestment and stock purchase plan	$ 10,000	2,889,000			2,899,000
Stock-based compensation		914,000			914,000
Cash dividends declared			(5,991,000)		(5,991,000)
Balance (in shares) at Jun. 30, 2016	15,590,694
Balance at Jun. 30, 2016	$ 1,559,000	$ 96,273,000	$ 194,128,000	$ 13,692,000	$ 305,652,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows From Operating Activities:
Net income	$ 15,050,000	$ 12,761,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	392,000	1,353,000
Provision for deferred income taxes	594,000	420,000
Depreciation and amortization	1,590,000	1,543,000
Premium amortization on investment securities, net	1,880,000	2,581,000
Net gains on sales of securities	(1,844,000)	(1,133,000)
Net loss on sales of loans held-for-sale	5,000	0
Debt extinguishment	1,756,000	1,084,000
Stock-based compensation expense	914,000	746,000
Accretion of cash surrender value on bank-owned life insurance	(467,000)	(447,000)
Pension expense (credit)	9,000	(245,000)
Increase in other assets	(2,098,000)	(849,000)
Decrease in accrued expenses and other liabilities	(3,138,000)	(892,000)
Net cash provided by operating activities	14,643,000	16,922,000
Cash Flows From Investing Activities:
Proceeds from sales of held-to-maturity securities	123,000	243,000
Proceeds from sales of available-for-sale securities	40,989,000	66,140,000
Proceeds from maturities and redemptions of investment securities:
Held-to-maturity	3,384,000	3,599,000
Available-for-sale	48,646,000	60,186,000
Purchases of investment securities:
Held-to-maturity	(1,287,000)	(1,619,000)
Available-for-sale	(203,374,000)	(65,742,000)
Proceeds from sales of loans held-for-sale	100,000	0
Net increase in loans	(105,400,000)	(167,866,000)
Net decrease in restricted stock	5,361,000	4,526,000
Purchases of premises and equipment, net	(2,787,000)	(2,709,000)
Net cash used in investing activities	(214,245,000)	(103,242,000)
Cash Flows From Financing Activities:
Net increase in deposits	340,180,000	223,640,000
Net decrease in short-term borrowings	(153,836,000)	(100,028,000)
Proceeds from long-term debt	23,500,000	54,612,000
Repayment of long-term debt	(31,756,000)	(74,584,000)
Proceeds from issuance of common stock, net	38,161,000	1,434,000
Proceeds from exercise of stock options	470,000	303,000
Tax benefit from stock compensation plans	314,000	164,000
Repurchase and retirement of common stock	(370,000)	(287,000)
Cash dividends paid	(5,670,000)	(5,291,000)
Net cash provided by financing activities	210,993,000	99,963,000
Net increase in cash and cash equivalents	11,391,000	13,643,000
Cash and cash equivalents, beginning of year	39,635,000	32,944,000
Cash and cash equivalents, end of period	51,026,000	46,587,000
Supplemental Information:
Interest	12,048,000	8,509,000
Income taxes	4,857,000	4,535,000
Noncash investing and financing activities:
Cash dividends payable	$ 3,144,000	$ 2,659,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1 - BASIS OF PRESENTATION The accounting and reporting policies of The First of Long Island Corporation (“Corporation”) reflect banking industry practice and conform to generally accepted accounting principles in the United States. In preparing the consolidated financial statements, management is required to make estimates, such as the allowance for loan losses, and assumptions that affect the reported asset and liability balances, revenue and expense amounts, and the disclosure of contingent assets and liabilities. Actual results could differ significantly from those estimates. The consolidated financial statements include the accounts of the Corporation and its wholly-owned subsidiary, The First National Bank of Long Island (“Bank”). The Bank has two wholly owned subsidiaries: FNY Service Corp., an investment company, and The First of Long Island Agency, Inc., a licensed insurance agency under the laws of the State of New York. The Bank and FNY Service Corp. jointly own another subsidiary, The First of Long Island REIT, Inc., a real estate investment trust. The consolidated entity is referred to as the “Corporation” and the Bank and its subsidiaries are collectively referred to as the “Bank.” All intercompany balances and amounts have been eliminated. For further information refer to the consolidated financial statements and notes thereto included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2015. The consolidated financial information included herein as of and for the periods ended June 30, 2016 and 2015 is unaudited. However, such information reflects all adjustments which are, in the opinion of management, necessary for a fair statement of results for the interim periods. The December 31, 2015 consolidated balance sheet was derived from the Corporation's December 31, 2015 audited consolidated financial statements. When appropriate, items in the prior year financial statements are reclassified to conform to the current period presentation.

Note 2 - Earnings Per Share

Note 2 - Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	2 – EARNINGS PER SHARE The following table is a reconciliation of basic and diluted earnings per share (“EPS”) for the periods indicated. Six Months Ended June 30, Three Months Ended June 30, (dollars in thousands, except per share data) 2016 2015 2016 2015 Net income $ 15,050 $ 12,761 $ 7,620 $ 6,276 Income allocated to participating securities (1) 64 - 33 - Income allocated to common stockholders $ 14,986 $ 12,761 $ 7,587 $ 6,276 Weighted average: Common shares 14,601,611 13,958,339 15,019,503 13,991,519 Dilutive stock options and restricted stock units (1) 146,286 153,321 139,708 156,417 14,747,897 14,111,660 15,159,211 14,147,936 Earnings per share: Basic $ 1.03 $ .91 $ .51 $ .45 Diluted 1.02 .90 .50 .44 (1) Restricted stock units (“RSUs”) awarded in January 2016 accrue dividends at the same rate as the dividends declared by the Board of Directors on the Corporation’s common stock. For purposes of computing EPS, these RSUs are considered to participate with common stock in the undistributed earnings of the Corporation and, therefore, the Corporation is required to calculate basic and diluted EPS using the two-class method. Under the two-class method, net income for the period is allocated between common stockholders and participating securities according to dividends declared and participation rights in undistributed earnings. See Note 6 for additional details on the RSUs awarded in 2016.

Note 3 - Comprehensive Income

Note 3 - Comprehensive Income	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	3 - COMPREHENSIVE INCOME Comprehensive income includes net income and other comprehensive income. Other comprehensive income includes revenues, expenses, gains and losses that under generally accepted accounting principles are included in comprehensive income but excluded from net income. Other comprehensive income for the Corporation consists of unrealized holding gains or losses on available-for-sale securities and changes in the funded status of the Bank’s defined benefit pension plan, both net of related income taxes. Accumulated other comprehensive income is recognized as a separate component of stockholders’ equity. The components of other comprehensive income (loss) and the related tax effects are as follows: Six Months Ended June 30, Three Months Ended June 30, 2016 2015 2016 2015 (in thousands) Change in net unrealized holding gains on available-for-sale securities: Change arising during the period $ 12,480 $ (5,736 ) $ 7,338 $ (8,320 ) Reclassification adjustment for gains included in net income (1) (1,827 ) (1,125 ) (1,827 ) (1,125 ) Change in net unrealized holding gains on available-for-sale securities 10,653 (6,861 ) 5,511 (9,445 ) Tax effect 4,608 (2,825 ) 2,310 (3,839 ) 6,045 (4,036 ) 3,201 (5,606 ) Change in funded status of pension plan: Amortization of net actuarial loss included in pension expense (2) 122 - 61 - Tax effect (1 ) (37 ) 25 - 123 37 36 - Other comprehensive income (loss) $ 6,168 $ (3,999 ) $ 3,237 $ (5,606 ) (1) Reclassification adjustment represents net realized gains arising from the sale of available-for-sale securities. The net realized gains are included in the consolidated statements of income in the line item, “Net gains on sales of securities.” See “Note 4 – Investment Securities” for the income tax expense related to the net realized gains. (2) Represents the amortization into expense of net actuarial loss relating to the Bank’s defined benefit pension plan. This item is included in net periodic pension cost (see Note 7) and in the consolidated statements of income in the line item, “Employee benefits.” The related income tax expense is included in the consolidated statements of income in the line item, “Income tax expense.” The following table sets forth the components of accumulated other comprehensive income, net of tax: Current Balance Period Balance 12/31/15 Change 6/30/16 (in thousands) Unrealized holding gains on available-for-sale securities $ 11,675 $ 6,045 $ 17,720 Unrealized actuarial losses on pension plan (4,151 ) 123 (4,028 ) Accumulated other comprehensive income, net of tax $ 7,524 $ 6,168 $ 13,692

Note 4 - Investment Securities

Note 4 - Investment Securities	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	4 - INVESTMENT SECURITIES The following tables set forth the amortized cost and estimated fair values of the Bank’s investment securities. June 30, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Held-to-Maturity Securities: (in thousands) State and municipals $ 11,041 $ 331 $ - $ 11,372 Pass-through mortgage securities 438 49 - 487 Collateralized mortgage obligations 727 51 - 778 $ 12,206 $ 431 $ - $ 12,637 Available-for-Sale Securities: State and municipals $ 436,647 $ 25,990 $ (6 ) $ 462,631 Pass-through mortgage securities 215,153 1,600 (37 ) 216,716 Collateralized mortgage obligations 179,919 2,901 (166 ) 182,654 $ 831,719 $ 30,491 $ (209 ) $ 862,001 December 31, 2015 Held-to-Maturity Securities: State and municipals $ 12,922 $ 410 $ - $ 13,332 Pass-through mortgage securities 576 67 - 643 Collateralized mortgage obligations 873 62 - 935 $ 14,371 $ 539 $ - $ 14,910 Available-for-Sale Securities: State and municipals $ 416,957 $ 18,892 $ (156 ) $ 435,693 Pass-through mortgage securities 148,402 810 (1,947 ) 147,265 Collateralized mortgage obligations 152,712 2,720 (690 ) 154,742 $ 718,071 $ 22,422 $ (2,793 ) $ 737,700 At June 30, 2016 and December 31, 2015, investment securities with a carrying value of $469,334,000 and $405,769,000, respectively, were pledged as collateral to secure public deposits and borrowed funds. There were no holdings of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity at June 30, 2016 and December 31, 2015. Securities With Unrealized Losses. June 30, 2016 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (in thousands) State and municipals $ 2,647 $ (6 ) $ - $ - $ 2,647 $ (6 ) Pass-through mortgage securities 10,546 (29 ) 8,966 (8 ) 19,512 (37 ) Collateralized mortgage obligations 250 (2 ) 9,361 (164 ) 9,611 (166 ) Total temporarily impaired $ 13,443 $ (37 ) $ 18,327 $ (172 ) $ 31,770 $ (209 ) December 31, 2015 State and municipals $ 13,148 $ (78 ) $ 5,837 $ (78 ) $ 18,985 $ (156 ) Pass-through mortgage securities 98,504 (1,348 ) 27,365 (599 ) 125,869 (1,947 ) Collateralized mortgage obligations 39,133 (305 ) 12,743 (385 ) 51,876 (690 ) Total temporarily impaired $ 150,785 $ (1,731 ) $ 45,945 $ (1,062 ) $ 196,730 $ (2,793 ) Because the unrealized losses reflected in the preceding tables are deemed by management to be attributable to changes in interest rates and not credit losses, and because management does not have the intent to sell these securities and it is not more likely than not that it will be required to sell these securities before their anticipated recovery, the Bank does not consider these securities to be other-than-temporarily impaired at June 30, 2016. Sales of Available-for-Sale Securities. Six Months Ended June 30, Three Months Ended June 30, 2016 2015 2016 2015 (in thousands) Proceeds $ 40,989 $ 66,140 $ 40,989 $ 66,140 Gross gains $ 1,845 $ 1,501 $ 1,845 $ 1,501 Gross losses (18 ) (376 ) (18 ) (376 ) Net gain $ 1,827 $ 1,125 $ 1,827 $ 1,125 Income tax expense related to the net realized gains was $761,000 for the six and three months ended June 30, 2016, and $463,000 for the six and three months ended June 30, 2015. Sales of Held-to-Maturity Securities. During the second quarter of 2015, the Bank sold one municipal security that was classified as held-to-maturity. The sale was in response to a significant deterioration in the creditworthiness of the issuer. The security sold had a carrying value of $235,000 at the time of sale and the Bank realized a gain upon sale of $8,000. Maturities. Amortized Cost Fair Value (in thousands) Held-to-Maturity Securities: Within one year $ 2,854 $ 2,877 After 1 through 5 years 5,742 5,966 After 5 through 10 years 2,077 2,142 After 10 years 368 387 Mortgage-backed securities 1,165 1,265 $ 12,206 $ 12,637 Available-for-Sale Securities: Within one year $ 12,245 $ 12,428 After 1 through 5 years 49,308 51,591 After 5 through 10 years 170,101 180,119 After 10 years 204,993 218,493 Mortgage-backed securities 395,072 399,370 $ 831,719 $ 862,001

Note 5 - Loans

Note 5 - Loans	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	5 – LOANS The following tables set forth by class of loans the amount of loans individually and collectively evaluated for impairment and the portion of the allowance for loan losses allocable to such loans. June 30, 2016 Loans Allowance for Loan Losses Individually Evaluated for Impairment Collectively Evaluated for Impairment Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Ending Balance (in thousands) Commercial and industrial $ - $ 105,106 $ 105,106 $ - $ 1,174 $ 1,174 Commercial mortgages: Multifamily - 542,115 542,115 - 6,346 6,346 Other - 368,768 368,768 - 3,828 3,828 Owner-occupied 4,361 128,316 132,677 - 1,175 1,175 Residential mortgages: Closed end 3,727 1,107,250 1,110,977 408 13,740 14,148 Revolving home equity 519 87,452 87,971 - 913 913 Consumer and other - 5,998 5,998 - 93 93 $ 8,607 $ 2,345,005 $ 2,353,612 $ 408 $ 27,269 $ 27,677 December 31, 2015 Commercial and industrial $ - $ 93,056 $ 93,056 $ - $ 928 $ 928 Commercial mortgages: Multifamily - 572,322 572,322 - 6,858 6,858 Other - 348,909 348,909 - 3,674 3,674 Owner-occupied 594 114,506 115,100 - 1,047 1,047 Residential mortgages: Closed end 3,797 1,021,418 1,025,215 428 13,211 13,639 Revolving home equity 522 87,326 87,848 - 1,016 1,016 Consumer and other - 5,733 5,733 - 94 94 $ 4,913 $ 2,243,270 $ 2,248,183 $ 428 $ 26,828 $ 27,256 The following tables present the activity in the allowance for loan losses for the six and three months ended June 30, 2016 and 2015. Balance at 1/1/16 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/16 (in thousands) Commercial and industrial $ 928 $ - $ 4 $ 242 $ 1,174 Commercial mortgages: Multifamily 6,858 - - (512 ) 6,346 Other 3,674 - - 154 3,828 Owner-occupied 1,047 - - 128 1,175 Residential mortgages: Closed end 13,639 - 8 501 14,148 Revolving home equity 1,016 - 12 (115 ) 913 Consumer and other 94 - 5 (6 ) 93 $ 27,256 $ - $ 29 $ 392 $ 27,677 Balance at 4/1/16 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/16 (in thousands) Commercial and industrial $ 1,112 $ - $ - $ 62 $ 1,174 Commercial mortgages: Multifamily 6,805 - - (459 ) 6,346 Other 3,853 - - (25 ) 3,828 Owner-occupied 1,093 - - 82 1,175 Residential mortgages: Closed end 13,643 - - 505 14,148 Revolving home equity 927 - 9 (23 ) 913 Consumer and other 91 - 5 (3 ) 93 $ 27,524 $ - $ 14 $ 139 $ 27,677 Balance at 1/1/15 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/15 (in thousands) Commercial and industrial $ 838 $ - $ 6 $ 142 $ 986 Commercial mortgages: Multifamily 7,207 67 - (110 ) 7,030 Other 2,340 - 1 (78 ) 2,263 Owner-occupied 1,023 - - (16 ) 1,007 Residential mortgages: Closed end 10,599 - 9 1,506 12,114 Revolving home equity 1,121 - - (100 ) 1,021 Consumer and other 93 32 - 9 70 $ 23,221 $ 99 $ 16 $ 1,353 $ 24,491 Balance at 4/1/15 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/15 (in thousands) Commercial and industrial $ 969 $ - $ 6 $ 11 $ 986 Commercial mortgages: Multifamily 7,136 67 - (39 ) 7,030 Other 2,353 - - (90 ) 2,263 Owner-occupied 932 - - 75 1,007 Residential mortgages: Closed end 11,076 - 8 1,030 12,114 Revolving home equity 1,048 - - (27 ) 1,021 Consumer and other 93 5 - (18 ) 70 $ 23,607 $ 72 $ 14 $ 942 $ 24,491 For individually impaired loans, the following tables set forth by class of loans at June 30, 2016 and December 31, 2015 the recorded investment, unpaid principal balance and related allowance. The tables also set forth the average recorded investment of individually impaired loans and interest income recognized while the loans were impaired during the six and three months ended June 30, 2016 and 2015. The recorded investment is the unpaid principal balance of the loans less any interest payments applied to principal and any direct chargeoffs plus or minus net deferred loan costs and fees. Any principal and interest payments received on nonaccrual impaired loans are applied to the recorded investment in the loans. The Bank recognizes interest income on other impaired loans using the accrual method of accounting. Six Months Ended Three Months Ended June 30, 2016 June 30, 2016 June 30, 2016 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized (in thousands) With no related allowance recorded: Commercial mortgages - owner occupied $ 4,361 $ 4,416 $ - $ 4,403 $ - $ 4,378 $ - Residential mortgages: Closed end 285 399 - 294 - 289 - Revolving home equity 519 519 - 520 5 520 3 With an allowance recorded: Residential mortgages - closed end 3,442 3,445 408 3,463 68 3,451 34 Total: Commercial mortgages - owner occupied 4,361 4,416 - 4,403 - 4,378 - Residential mortgages: Closed end 3,727 3,844 408 3,757 68 3,740 34 Revolving home equity 519 519 - 520 5 520 3 $ 8,607 $ 8,779 $ 408 $ 8,680 $ 73 $ 8,638 $ 37 Six Months Ended Three Months Ended December 31, 2015 June 30, 2015 June 30, 2015 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized (in thousands) With no related allowance recorded: Commercial mortgages: Multifamily $ - $ - $ - $ 2,125 $ - $ 2,118 $ - Owner-occupied 594 654 - 623 - 618 - Residential mortgages: Closed end 306 405 - 373 - 366 - Revolving home equity 522 521 - 574 - 570 - With an allowance recorded: Commercial and industrial - - - 13 - 12 - Residential mortgages - closed end 3,491 3,494 428 3,448 21 3,410 13 Total: Commercial and industrial - - - 13 - 12 - Commercial mortgages: Multifamily - - - 2,125 - 2,118 - Owner-occupied 594 654 - 623 - 618 - Residential mortgages: Closed end 3,797 3,899 428 3,821 21 3,776 13 Revolving home equity 522 521 - 574 - 570 - $ 4,913 $ 5,074 $ 428 $ 7,156 $ 21 $ 7,094 $ 13 Aging of Loans June 30, 2016 Past Due Total Past 90 Days or Due Loans & 30-59 Days 60-89 Days More and Nonaccrual Nonaccrual Total Past Due Past Due Still Accruing Loans Loans Current Loans (in thousands) Commercial and industrial $ 97 $ - $ - $ - $ 97 $ 105,009 $ 105,106 Commercial mortgages: Multifamily - - - - - 542,115 542,115 Other - - - - - 368,768 368,768 Owner-occupied - - - 4,361 4,361 128,316 132,677 Residential mortgages: Closed end 1,130 - - 436 1,566 1,109,411 1,110,977 Revolving home equity - - - 280 280 87,691 87,971 Consumer and other 104 - - - 104 5,894 5,998 $ 1,331 $ - $ - $ 5,077 $ 6,408 $ 2,347,204 $ 2,353,612 December 31, 2015 Commercial and industrial $ - $ - $ - $ - $ - $ 93,056 $ 93,056 Commercial mortgages: Multifamily - - - - - 572,322 572,322 Other - - - - - 348,909 348,909 Owner-occupied - - - 594 594 114,506 115,100 Residential mortgages: Closed end 991 - - 456 1,447 1,023,768 1,025,215 Revolving home equity - - - 280 280 87,568 87,848 Consumer and other 12 - - - 12 5,721 5,733 $ 1,003 $ - $ - $ 1,330 $ 2,333 $ 2,245,850 $ 2,248,183 Nonaccrual loans at June 30, 2016 include a first lien residential mortgage in the amount of $152,000 that is in the process of foreclosure. There were no loans in the process of foreclosure at December 31, 2015. The Bank did not hold any foreclosed residential real estate property at June 30, 2016 or December 31, 2015. Troubled Debt Restructurings. During the six months ended June 30, 2016 the Bank did not modify any loans in troubled debt restructurings. During the six months ended June 30, 2015, the Bank modified two loans to a single borrower in a troubled debt restructuring. The loans were a first lien residential mortgage with a pre and post-modification outstanding recorded investment of $2.7 million and a junior lien residential mortgage with a pre and post-modification outstanding recorded investment of $245,000. The restructuring reduced the interest rate on each loan from 5.25% to 4.00%, which is lower than the current market rate for new debt with similar risk. The restructuring resulted in a charge to the provision for loan losses of $332,000. At June 30, 2016 and December 31, 2015, the Bank had an allowance for loan losses of $383,000 and $395,000, respectively, allocated to specific troubled debt restructurings. The Bank had no commitments to lend additional amounts to loans that were classified as troubled debt restructurings. There were no troubled debt restructurings for which there was a payment default during the six months ended June 30, 2016 and 2015 that were modified during the twelve-month period prior to default. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. Risk Characteristics . Credit Quality Indicators. Commercial and industrial loans and commercial mortgage loans are risk rated utilizing a ten point rating system. The ten point risk rating system is described hereinafter. Internally Assigned Risk Rating 1 – 2 Cash flow is of high quality and stable. Borrower has very good liquidity and ready access to traditional sources of credit. This category also includes loans to borrowers secured by cash and/or marketable securities within approved margin requirements. 3 – 4 Cash flow quality is strong, but shows some variability. Borrower has good liquidity and asset quality. Borrower has access to traditional sources of credit with minimal restrictions. 5 – 6 Cash flow quality is acceptable but shows some variability. Liquidity varies with operating cycle and assets provide an adequate margin of protection. Borrower has access to traditional sources of credit, but generally on a secured basis. 7 Watch - Cash flow has a high degree of variability and subject to economic downturns. Liquidity is strained and the ability of the borrower to access traditional sources of credit is diminished. 8 Special Mention - The borrower has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the Bank’s credit position at some future date. Special mention assets are not adversely classified and do not expose the Bank to risk sufficient to warrant adverse classification. 9 Substandard - Loans are inadequately protected by the current sound worth and paying capacity of the borrower or the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. 10 Doubtful - Loans have all the inherent weaknesses of those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Risk ratings on commercial and industrial loans and commercial mortgages are initially assigned by the lending officer together with any necessary approval authority. The ratings are periodically reviewed and evaluated based upon borrower contact, credit department review or independent loan review. The Bank's Loan Policy establishes requirements for the annual review of commercial real estate and commercial and industrial loans. The requirements include details of the scope of coverage and selection process based on loan-type and risk rating. Among other requirements, at least 60% of the recorded investment of commercial real estate loans as of December 31 of the prior year must be reviewed annually. The frequency of the review of other loans is determined by the Bank’s ongoing assessments of the borrower’s condition. Residential mortgage loans, revolving home equity lines, other consumer loans and small business credit scored loans are risk rated utilizing a three point rating system. In most cases, the borrower’s credit score dictates the risk rating. However, regardless of credit score, loans that are on management’s watch list or have been criticized or classified by management are assigned a risk rating of 3. A credit score is a tool used in the Bank’s loan approval process, and a minimum score of 700 is generally required for new loans. Credit scores for each borrower are updated at least annually. The risk ratings along with their definitions are as follows: Internally Assigned Risk Rating 1 Credit score is equal to or greater than 680. 2 Credit score is 635 to 679. 3 Credit score is below 635 or, regardless of credit score, the loan has been classified, criticized or placed on watch. The following tables present the recorded investment in commercial and industrial loans and commercial mortgage loans by class of loans and risk rating. Loans shown as Pass are all loans other than those risk rated Watch, Special Mention, Substandard or Doubtful. June 30, 2016 Internally Assigned Risk Rating Special Pass Watch Mention Substandard Doubtful Total (in thousands) Commercial and industrial $ 103,304 $ 1,802 $ - $ - $ - $ 105,106 Commercial mortgages: Multifamily 534,749 - 7,366 - - 542,115 Other 367,204 - - 1,564 - 368,768 Owner-occupied 128,316 - - 4,361 - 132,677 $ 1,133,573 $ 1,802 $ 7,366 $ 5,925 $ - $ 1,148,666 December 31, 2015 Commercial and industrial $ 91,950 $ 1,106 $ - $ - $ - $ 93,056 Commercial mortgages: Multifamily 567,467 - 4,855 - - 572,322 Other 346,419 900 - 1,590 - 348,909 Owner-occupied 110,641 3,865 - 594 - 115,100 $ 1,116,477 $ 5,871 $ 4,855 $ 2,184 $ - $ 1,129,387 The following tables present the recorded investment in residential mortgage loans, home equity lines and other consumer loans by class of loans and risk rating. Loans shown as Pass are all loans other than those risk rated Watch, Special Mention, Substandard or Doubtful. June 30, 2016 Internally Assigned Risk Rating Special Pass Watch Mention Substandard Doubtful Total (in thousands) Residential mortgages: Closed end $ 1,106,249 $ 1,001 $ - $ 3,727 $ - $ 1,110,977 Revolving home equity 87,452 - - 519 - 87,971 Consumer and other 5,766 - - - - 5,766 $ 1,199,467 $ 1,001 $ - $ 4,246 $ - $ 1,204,714 December 31, 2015 Residential mortgages: Closed end $ 1,020,393 $ 1,025 $ - $ 3,797 $ - $ 1,025,215 Revolving home equity 87,326 - - 522 - 87,848 Consumer and other 5,443 - - - - 5,443 $ 1,113,162 $ 1,025 $ - $ 4,319 $ - $ 1,118,506 Deposit account overdrafts were $232,000 and $290,000 at June 30, 2016 and December 31, 2015, respectively. Overdrafts are not assigned a risk rating and are therefore excluded from consumer loans in the tables above.

Note 6 - Stock-based Compensati

Note 6 - Stock-based Compensation	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6 - STOCK-BASED COMPENSATION On April 22, 2014, the stockholders of the Corporation approved the 2014 Equity Incentive Plan (“2014 Plan”). Upon approval of the 2014 Plan, no further awards could be made under the 2006 Stock Compensation Plan (“2006 Plan”). 2014 Plan. The Corporation has 1,500,000 shares of common stock reserved for awards under the 2014 Plan. Awards granted under the 2006 Plan that expire or are forfeited after April 22, 2014 will be added to the number of shares of common stock reserved for issuance of awards under the 2014 Plan. All of the 1,500,000 shares may be issued pursuant to the exercise of stock options or SARs. A maximum of 525,000 shares may be issued as restricted stock awards or RSUs. At June 30, 2016, 1,356,973 shares of common stock remain available for issuance of awards under the 2014 Plan of which 369,353 shares remain available for issuance as restricted stock awards or RSUs. In January 2016, the Board of Directors awarded 68,010 RSUs under the 2014 Plan of which 2,190 shares vested upon the retirement of two non-employee directors and 65,820 remain outstanding at June 30, 2016. These RSUs accrue dividends at the same rate as the dividends declared by the Board of Directors on the Corporation’s common stock. The accrued dividends are payable upon vesting of the awards. The outstanding awards include 55,640 performance-based RSUs with vesting based on the financial performance of the Corporation in 2018 and 10,180 RSUs that will vest in equal annual installments at the end of one, two and three years of service. 2006 Plan. Fair Value of RSUs. Fair Value of Stock Options. Compensation Expense . Compensation expense for stock options is recognized ratably over the five-year vesting period or the period from the grant date to the participant’s eligible retirement date, whichever is shorter. The Corporation recorded compensation expense for share-based payments of $914,000 and $746,000 and recognized related income tax benefits of $383,000 and $292,000 for the first six months of June 30, 2016 and 2015, respectively. Stock Option Activity. Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (yrs.) (in thousands) Outstanding at January 1, 2016 231,444 $ 15.96 Exercised (31,008 ) 15.17 Forfeited or expired (3,875 ) 15.12 Outstanding at June 30, 2016 196,561 $ 16.10 3.00 $ 2,470 Exercisable at June 30, 2016 196,161 $ 16.08 2.99 $ 2,469 All options outstanding at June 30, 2016 are either fully vested or expected to vest. The total intrinsic value of options exercised during the first six months of 2016 and 2015 was $421,000 and $226,000, respectively. RSU Activity. Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Grant-Date Contractual Value RSUs Fair Value Term (yrs.) (in thousands) Outstanding at January 1, 2016 157,351 $ 21.83 Granted 68,010 27.26 Converted (51,754 ) 19.68 Outstanding at June 30, 2016 173,607 $ 24.60 1.68 $ 4,977 Vested and Convertible at June 30, 2016 - $ - - $ - The number of RSUs in the table represents the maximum number of shares of the Corporation’s common stock into which the RSUs can be converted. All of the RSUs outstanding at June 30, 2016 are currently expected to vest and become convertible in the future. The total intrinsic value of RSUs converted during the first six months of 2016 and 2015 was $1,445,000 and $965,000, respectively. Unrecognized Compensation Cost. Cash Received and Tax Benefits Realized. Other.

Note 7 - Defined Benefit Pensio

Note 7 - Defined Benefit Pension Plan	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	7 - DEFINED BENEFIT PENSION PLAN The following table sets forth the components of net periodic pension cost. Six Months Ended Three Months Ended June 30, June 30, 2016 2015 2016 2015 (in thousands) Service cost plus expected expenses and net of expected plan participant contributions $ 572 $ 595 $ 286 $ 298 Interest cost 792 704 396 352 Expected return on plan assets (1,477 ) (1,544 ) (738 ) (773 ) Amortization of net actuarial loss 122 - 61 - Net pension cost (credit) $ 9 $ (245 ) $ 5 $ (123 ) The Bank makes cash contributions to the pension plan (“Plan”) which comply with the funding requirements of applicable Federal laws and regulations. For funding purposes, the laws and regulations set forth both minimum required and maximum tax-deductible contributions. The Bank has no minimum required pension contribution for the Plan year ending September 30, 2016 and its maximum tax-deductible contribution for the tax year beginning January 1, 2016 is $1,553,000. Management has not yet determined the amount, if any, that the Bank will contribute to the Plan in 2016.

Note 8 - Fair Value of Financia

Note 8 - Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8 - FAIR VALUE OF FINANCIAL INSTRUMENTS Financial Instruments Recorded at Fair Value Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs other than quoted prices that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Corporation’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Corporation deems transfers between levels of the fair value hierarchy to have occurred on the date of the event or change in circumstance that caused the transfer. There were no transfers between levels of the fair value hierarchy during the six months ended June 30, 2016 or 2015. The fair values of the Corporation’s investment securities designated as available-for-sale at June 30, 2016 and December 31, 2015 are set forth in the tables that follow. These values are determined on a recurring basis using matrix pricing (Level 2 inputs). Matrix pricing, which is a mathematical technique widely used in the industry to value debt securities, does not rely exclusively on quoted prices for the specific securities but rather on the relationship of such securities to other benchmark quoted securities. Fair Value Measurements Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) (in thousands) June 30, 2016: Available-for-Sale Securities: State and municipals $ 462,631 $ - $ 462,631 $ - Pass-through mortgage securities 216,716 - 216,716 - Collateralized mortgage obligations 182,654 - 182,654 - $ 862,001 $ - $ 862,001 $ - December 31, 2015: Available-for-Sale Securities: State and municipals $ 435,693 $ - $ 435,693 $ - Pass-through mortgage securities 147,265 - 147,265 - Collateralized mortgage obligations 154,742 - 154,742 - $ 737,700 $ - $ 737,700 $ - Assets measured at fair value on a nonrecurring basis at June 30, 2016 and December 31, 2015, are set forth in the table that follows. Real estate appraisals utilized in measuring the fair value of impaired loans may employ a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. In arriving at fair value, the Corporation adjusts the value set forth in the appraisal by deducting costs to sell and a distressed sale adjustment, if needed. The adjustments made by the appraisers and the Corporation are deemed to be significant unobservable inputs and therefore result in a Level 3 classification of the inputs used for determining the fair value of impaired loans. Because the Corporation has a small amount of impaired loans measured at fair value, the impact of unobservable inputs on the Corporation’s financial statements is not material. Fair Value Measurements Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) (in thousands) June 30, 2016: Impaired loan: Residential mortgage - closed end $ 128 $ - $ - $ 128 December 31, 2015: Residential mortgages held-for-sale: Closed end $ 25 $ - $ - $ 25 Revolving home equity 80 - - 80 $ 105 $ - $ - $ 105 Impaired loan: Residential mortgage - closed end $ 119 $ - $ - $ 119 The impaired loan set forth in the preceding table had a principal balance of $152,000 at June 30, 2016 and December 31, 2015, and valuation allowances of $24,000 and $33,000, respectively. During the six month periods ended June 30, 2016 and 2015, the Corporation recorded credit provisions for loan losses of $9,000 and $6,000, respectively, for impaired loans measured at fair value. No such provisions were recorded during the three month periods ended June 30, 2016 or 2015. The residential mortgage loans held-for-sale at December 31, 2015 in the preceding table were accounted for on a nonaccrual basis and carried at fair value. These loans were sold during the first quarter of 2016 at a loss of $5,000. Financial Instruments Not Recorded at Fair Value. The following table sets forth the carrying amounts and estimated fair values of financial instruments that are not recorded at fair value in the Corporation’s financial statements at June 30, 2016 and December 31, 2015. Level of June 30, 2016 December 31, 2015 Fair Value Carrying Carrying Hierarchy Amount Fair Value Amount Fair Value (in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 51,026 $ 51,026 $ 39,635 $ 39,635 Held-to-maturity securities Level 2 10,613 11,044 12,366 12,905 Held-to-maturity securities Level 3 1,593 1,593 2,005 2,005 Loans Level 3 2,325,807 2,345,729 2,220,808 2,203,418 Restricted stock Level 1 23,074 23,074 28,435 28,435 Accrued interest receivable: Investment securities Level 2 4,624 4,624 4,403 4,403 Loans Level 3 5,967 5,967 5,501 5,501 Financial Liabilities: Checking deposits Level 1 765,392 765,392 777,994 777,994 Savings, NOW and money market deposits Level 1 1,562,740 1,562,740 1,195,968 1,195,968 Time deposits Level 2 296,723 304,325 310,713 313,331 Short-term borrowings Level 1 57,666 57,666 211,502 211,502 Long-term debt Level 2 359,212 364,951 365,712 364,935 Accrued interest payable: Checking, savings, NOW and money market deposits Level 1 129 129 43 43 Time deposits Level 2 38 38 3,224 3,224 Short-term borrowings Level 1 1 1 3 3 Long-term debt Level 2 536 536 669 669 The following methods and assumptions are used by the Corporation in measuring the fair value of financial instruments disclosed in the preceding table. Cash and cash equivalents Investment securities. Loans Restricted stock Deposit liabilities Borrowed funds Accrued interest receivable and payable Off-balance-sheet items.

Note 9 - Impact of Issued But N

Note 9 - Impact of Issued But Not Yet Effective Accounting Standards	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Impact Of Issued But Not Yet Effective Authoritative Accounting Pronouncements [Text Block]	9 - IMPACT OF ISSUED BUT NOT YET EFFECTIVE ACCOUNTING STANDARDS The pronouncements discussed in this section are not intended to be an all-inclusive list, but rather only those pronouncements that could potentially have an impact on the Corporation’s financial position, results of operations or disclosures. In May 2014, the FASB issued ASU 2014-09 “Revenue from Contracts with Customers.” The amendments in ASU 2014-09 are intended to improve financial reporting by providing a comprehensive framework for addressing revenue recognition issues that can be applied to all contracts with customers regardless of industry-specific or transaction-specific fact patterns. While the guidance in ASU 2014-09 supersedes most existing industry-specific revenue recognition accounting guidance, much of a bank’s revenue comes from financial instruments such as debt securities and loans that are scoped-out of the guidance. The amendments also include improved disclosures to enable users of financial statements to better understand the nature, amount, timing and uncertainty of revenue that is recognized. For public entities such as the Corporation, ASU 2014-09, as amended, is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2016. Management is currently evaluating the impact that the amendments in ASU 2014-09 could have on the Corporation’s financial position, results of operations and disclosures, but does not currently believe that such impact will be material. In January 2016, the FASB issued ASU 2016-01 “Financial Instruments – Overall.” The amendments in ASU 2016-01 are intended to improve the recognition, measurement, presentation and disclosure of financial assets and liabilities to provide users of financial statements with information that is more useful for decision-making purposes. Among other changes, ASU 2016-01 would require equity securities to be measured at fair value with changes in fair value recognized through net income, but would allow equity securities that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of an impairment. The amendments would simplify the impairment assessment of such equity securities and would require enhanced disclosure about these investments. ASU 2016-01 would also require separate presentation of financial assets and liabilities by measurement category and type of instrument, such as securities or loans, on the balance sheet or in the notes, and would eliminate certain other disclosures relating to the methods and assumptions used to estimate fair value. For public entities such as the Corporation, the amendments in ASU 2016-01 are effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is not permitted. ASU 2016-01 is not expected to have a material impact on the Corporation’s financial position, results of operations or disclosures. In February 2016, the FASB issued ASU 2016-02 “Leases.” ASU 2016-02 affects any entity that enters into a lease and is intended to increase the transparency and comparability of financial statements among organizations. The ASU requires, among other changes, a lessee to recognize on its balance sheet a lease asset and a lease liability for those leases previously classified as operating leases. The lease asset would represent the right to use the underlying asset for the lease term and the lease liability would represent the discounted value of the required lease payments to the lessor. The ASU would also require entities to disclose key information about leasing arrangements. ASU 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018. Early adoption is permitted. Management is currently evaluating the impact that ASU 2016-02 will have on the Corporation’s financial position, results of operations and disclosures. In March 2016, the FASB issued ASU 2016-09 “Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 affects any entity that issues share-based payment awards to its employees. The ASU involves the simplification of several aspects of the accounting for employee share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. Management is currently evaluating the impact that ASU 2016-09 will have on the Corporation’s financial position, results of operations and disclosures. In June 2016, the FASB issued ASU 2016-13 “Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 affects entities holding financial assets that are not accounted for at fair value through net income, including loans, debt securities, and other financial assets. The ASU requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected by recording an allowance for credit losses. ASU 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019. Early adoption is permitted beginning after December 15, 2018, including interim periods within those fiscal years. Management is currently evaluating the impact that ASU 2016-13 will have on the Corporation’s financial position, results of operations and disclosures.

Note 2 - Earnings Per Share (Ta

Note 2 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Six Months Ended June 30, Three Months Ended June 30, (dollars in thousands, except per share data) 2016 2015 2016 2015 Net income $ 15,050 $ 12,761 $ 7,620 $ 6,276 Income allocated to participating securities (1) 64 - 33 - Income allocated to common stockholders $ 14,986 $ 12,761 $ 7,587 $ 6,276 Weighted average: Common shares 14,601,611 13,958,339 15,019,503 13,991,519 Dilutive stock options and restricted stock units (1) 146,286 153,321 139,708 156,417 14,747,897 14,111,660 15,159,211 14,147,936 Earnings per share: Basic $ 1.03 $ .91 $ .51 $ .45 Diluted 1.02 .90 .50 .44

Note 3 - Comprehensive Income (

Note 3 - Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Six Months Ended June 30, Three Months Ended June 30, 2016 2015 2016 2015 (in thousands) Change in net unrealized holding gains on available-for-sale securities: Change arising during the period $ 12,480 $ (5,736 ) $ 7,338 $ (8,320 ) Reclassification adjustment for gains included in net income (1) (1,827 ) (1,125 ) (1,827 ) (1,125 ) Change in net unrealized holding gains on available-for-sale securities 10,653 (6,861 ) 5,511 (9,445 ) Tax effect 4,608 (2,825 ) 2,310 (3,839 ) 6,045 (4,036 ) 3,201 (5,606 ) Change in funded status of pension plan: Amortization of net actuarial loss included in pension expense (2) 122 - 61 - Tax effect (1 ) (37 ) 25 - 123 37 36 - Other comprehensive income (loss) $ 6,168 $ (3,999 ) $ 3,237 $ (5,606 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Current Balance Period Balance 12/31/15 Change 6/30/16 (in thousands) Unrealized holding gains on available-for-sale securities $ 11,675 $ 6,045 $ 17,720 Unrealized actuarial losses on pension plan (4,151 ) 123 (4,028 ) Accumulated other comprehensive income, net of tax $ 7,524 $ 6,168 $ 13,692

Note 4 - Investment Securities

Note 4 - Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Investment [Table Text Block]	June 30, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Held-to-Maturity Securities: (in thousands) State and municipals $ 11,041 $ 331 $ - $ 11,372 Pass-through mortgage securities 438 49 - 487 Collateralized mortgage obligations 727 51 - 778 $ 12,206 $ 431 $ - $ 12,637 Available-for-Sale Securities: State and municipals $ 436,647 $ 25,990 $ (6 ) $ 462,631 Pass-through mortgage securities 215,153 1,600 (37 ) 216,716 Collateralized mortgage obligations 179,919 2,901 (166 ) 182,654 $ 831,719 $ 30,491 $ (209 ) $ 862,001 December 31, 2015 Held-to-Maturity Securities: State and municipals $ 12,922 $ 410 $ - $ 13,332 Pass-through mortgage securities 576 67 - 643 Collateralized mortgage obligations 873 62 - 935 $ 14,371 $ 539 $ - $ 14,910 Available-for-Sale Securities: State and municipals $ 416,957 $ 18,892 $ (156 ) $ 435,693 Pass-through mortgage securities 148,402 810 (1,947 ) 147,265 Collateralized mortgage obligations 152,712 2,720 (690 ) 154,742 $ 718,071 $ 22,422 $ (2,793 ) $ 737,700
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	June 30, 2016 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (in thousands) State and municipals $ 2,647 $ (6 ) $ - $ - $ 2,647 $ (6 ) Pass-through mortgage securities 10,546 (29 ) 8,966 (8 ) 19,512 (37 ) Collateralized mortgage obligations 250 (2 ) 9,361 (164 ) 9,611 (166 ) Total temporarily impaired $ 13,443 $ (37 ) $ 18,327 $ (172 ) $ 31,770 $ (209 ) December 31, 2015 State and municipals $ 13,148 $ (78 ) $ 5,837 $ (78 ) $ 18,985 $ (156 ) Pass-through mortgage securities 98,504 (1,348 ) 27,365 (599 ) 125,869 (1,947 ) Collateralized mortgage obligations 39,133 (305 ) 12,743 (385 ) 51,876 (690 ) Total temporarily impaired $ 150,785 $ (1,731 ) $ 45,945 $ (1,062 ) $ 196,730 $ (2,793 )
Realized Gain (Loss) on Investments [Table Text Block]	Six Months Ended June 30, Three Months Ended June 30, 2016 2015 2016 2015 (in thousands) Proceeds $ 40,989 $ 66,140 $ 40,989 $ 66,140 Gross gains $ 1,845 $ 1,501 $ 1,845 $ 1,501 Gross losses (18 ) (376 ) (18 ) (376 ) Net gain $ 1,827 $ 1,125 $ 1,827 $ 1,125
Investments Classified by Contractual Maturity Date [Table Text Block]	Amortized Cost Fair Value (in thousands) Held-to-Maturity Securities: Within one year $ 2,854 $ 2,877 After 1 through 5 years 5,742 5,966 After 5 through 10 years 2,077 2,142 After 10 years 368 387 Mortgage-backed securities 1,165 1,265 $ 12,206 $ 12,637 Available-for-Sale Securities: Within one year $ 12,245 $ 12,428 After 1 through 5 years 49,308 51,591 After 5 through 10 years 170,101 180,119 After 10 years 204,993 218,493 Mortgage-backed securities 395,072 399,370 $ 831,719 $ 862,001

Note 5 - Loans (Tables)

Note 5 - Loans (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Finance Receivables Individually and Collectively Evaluated for Impairment [Table Text Block]	June 30, 2016 Loans Allowance for Loan Losses Individually Evaluated for Impairment Collectively Evaluated for Impairment Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Ending Balance (in thousands) Commercial and industrial $ - $ 105,106 $ 105,106 $ - $ 1,174 $ 1,174 Commercial mortgages: Multifamily - 542,115 542,115 - 6,346 6,346 Other - 368,768 368,768 - 3,828 3,828 Owner-occupied 4,361 128,316 132,677 - 1,175 1,175 Residential mortgages: Closed end 3,727 1,107,250 1,110,977 408 13,740 14,148 Revolving home equity 519 87,452 87,971 - 913 913 Consumer and other - 5,998 5,998 - 93 93 $ 8,607 $ 2,345,005 $ 2,353,612 $ 408 $ 27,269 $ 27,677 December 31, 2015 Commercial and industrial $ - $ 93,056 $ 93,056 $ - $ 928 $ 928 Commercial mortgages: Multifamily - 572,322 572,322 - 6,858 6,858 Other - 348,909 348,909 - 3,674 3,674 Owner-occupied 594 114,506 115,100 - 1,047 1,047 Residential mortgages: Closed end 3,797 1,021,418 1,025,215 428 13,211 13,639 Revolving home equity 522 87,326 87,848 - 1,016 1,016 Consumer and other - 5,733 5,733 - 94 94 $ 4,913 $ 2,243,270 $ 2,248,183 $ 428 $ 26,828 $ 27,256
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Balance at 1/1/16 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/16 (in thousands) Commercial and industrial $ 928 $ - $ 4 $ 242 $ 1,174 Commercial mortgages: Multifamily 6,858 - - (512 ) 6,346 Other 3,674 - - 154 3,828 Owner-occupied 1,047 - - 128 1,175 Residential mortgages: Closed end 13,639 - 8 501 14,148 Revolving home equity 1,016 - 12 (115 ) 913 Consumer and other 94 - 5 (6 ) 93 $ 27,256 $ - $ 29 $ 392 $ 27,677 Balance at 4/1/16 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/16 (in thousands) Commercial and industrial $ 1,112 $ - $ - $ 62 $ 1,174 Commercial mortgages: Multifamily 6,805 - - (459 ) 6,346 Other 3,853 - - (25 ) 3,828 Owner-occupied 1,093 - - 82 1,175 Residential mortgages: Closed end 13,643 - - 505 14,148 Revolving home equity 927 - 9 (23 ) 913 Consumer and other 91 - 5 (3 ) 93 $ 27,524 $ - $ 14 $ 139 $ 27,677 Balance at 1/1/15 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/15 (in thousands) Commercial and industrial $ 838 $ - $ 6 $ 142 $ 986 Commercial mortgages: Multifamily 7,207 67 - (110 ) 7,030 Other 2,340 - 1 (78 ) 2,263 Owner-occupied 1,023 - - (16 ) 1,007 Residential mortgages: Closed end 10,599 - 9 1,506 12,114 Revolving home equity 1,121 - - (100 ) 1,021 Consumer and other 93 32 - 9 70 $ 23,221 $ 99 $ 16 $ 1,353 $ 24,491 Balance at 4/1/15 Chargeoffs Recoveries Provision for Loan Losses (Credit) Balance at 6/30/15 (in thousands) Commercial and industrial $ 969 $ - $ 6 $ 11 $ 986 Commercial mortgages: Multifamily 7,136 67 - (39 ) 7,030 Other 2,353 - - (90 ) 2,263 Owner-occupied 932 - - 75 1,007 Residential mortgages: Closed end 11,076 - 8 1,030 12,114 Revolving home equity 1,048 - - (27 ) 1,021 Consumer and other 93 5 - (18 ) 70 $ 23,607 $ 72 $ 14 $ 942 $ 24,491
Impaired Financing Receivables [Table Text Block]	Six Months Ended Three Months Ended June 30, 2016 June 30, 2016 June 30, 2016 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized (in thousands) With no related allowance recorded: Commercial mortgages - owner occupied $ 4,361 $ 4,416 $ - $ 4,403 $ - $ 4,378 $ - Residential mortgages: Closed end 285 399 - 294 - 289 - Revolving home equity 519 519 - 520 5 520 3 With an allowance recorded: Residential mortgages - closed end 3,442 3,445 408 3,463 68 3,451 34 Total: Commercial mortgages - owner occupied 4,361 4,416 - 4,403 - 4,378 - Residential mortgages: Closed end 3,727 3,844 408 3,757 68 3,740 34 Revolving home equity 519 519 - 520 5 520 3 $ 8,607 $ 8,779 $ 408 $ 8,680 $ 73 $ 8,638 $ 37 Six Months Ended Three Months Ended December 31, 2015 June 30, 2015 June 30, 2015 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized (in thousands) With no related allowance recorded: Commercial mortgages: Multifamily $ - $ - $ - $ 2,125 $ - $ 2,118 $ - Owner-occupied 594 654 - 623 - 618 - Residential mortgages: Closed end 306 405 - 373 - 366 - Revolving home equity 522 521 - 574 - 570 - With an allowance recorded: Commercial and industrial - - - 13 - 12 - Residential mortgages - closed end 3,491 3,494 428 3,448 21 3,410 13 Total: Commercial and industrial - - - 13 - 12 - Commercial mortgages: Multifamily - - - 2,125 - 2,118 - Owner-occupied 594 654 - 623 - 618 - Residential mortgages: Closed end 3,797 3,899 428 3,821 21 3,776 13 Revolving home equity 522 521 - 574 - 570 - $ 4,913 $ 5,074 $ 428 $ 7,156 $ 21 $ 7,094 $ 13
Past Due Financing Receivables [Table Text Block]	June 30, 2016 Past Due Total Past 90 Days or Due Loans & 30-59 Days 60-89 Days More and Nonaccrual Nonaccrual Total Past Due Past Due Still Accruing Loans Loans Current Loans (in thousands) Commercial and industrial $ 97 $ - $ - $ - $ 97 $ 105,009 $ 105,106 Commercial mortgages: Multifamily - - - - - 542,115 542,115 Other - - - - - 368,768 368,768 Owner-occupied - - - 4,361 4,361 128,316 132,677 Residential mortgages: Closed end 1,130 - - 436 1,566 1,109,411 1,110,977 Revolving home equity - - - 280 280 87,691 87,971 Consumer and other 104 - - - 104 5,894 5,998 $ 1,331 $ - $ - $ 5,077 $ 6,408 $ 2,347,204 $ 2,353,612 December 31, 2015 Commercial and industrial $ - $ - $ - $ - $ - $ 93,056 $ 93,056 Commercial mortgages: Multifamily - - - - - 572,322 572,322 Other - - - - - 348,909 348,909 Owner-occupied - - - 594 594 114,506 115,100 Residential mortgages: Closed end 991 - - 456 1,447 1,023,768 1,025,215 Revolving home equity - - - 280 280 87,568 87,848 Consumer and other 12 - - - 12 5,721 5,733 $ 1,003 $ - $ - $ 1,330 $ 2,333 $ 2,245,850 $ 2,248,183
Financing Receivable Credit Quality Indicators [Table Text Block]	June 30, 2016 Internally Assigned Risk Rating Special Pass Watch Mention Substandard Doubtful Total (in thousands) Commercial and industrial $ 103,304 $ 1,802 $ - $ - $ - $ 105,106 Commercial mortgages: Multifamily 534,749 - 7,366 - - 542,115 Other 367,204 - - 1,564 - 368,768 Owner-occupied 128,316 - - 4,361 - 132,677 $ 1,133,573 $ 1,802 $ 7,366 $ 5,925 $ - $ 1,148,666 December 31, 2015 Commercial and industrial $ 91,950 $ 1,106 $ - $ - $ - $ 93,056 Commercial mortgages: Multifamily 567,467 - 4,855 - - 572,322 Other 346,419 900 - 1,590 - 348,909 Owner-occupied 110,641 3,865 - 594 - 115,100 $ 1,116,477 $ 5,871 $ 4,855 $ 2,184 $ - $ 1,129,387 June 30, 2016 Internally Assigned Risk Rating Special Pass Watch Mention Substandard Doubtful Total (in thousands) Residential mortgages: Closed end $ 1,106,249 $ 1,001 $ - $ 3,727 $ - $ 1,110,977 Revolving home equity 87,452 - - 519 - 87,971 Consumer and other 5,766 - - - - 5,766 $ 1,199,467 $ 1,001 $ - $ 4,246 $ - $ 1,204,714 December 31, 2015 Residential mortgages: Closed end $ 1,020,393 $ 1,025 $ - $ 3,797 $ - $ 1,025,215 Revolving home equity 87,326 - - 522 - 87,848 Consumer and other 5,443 - - - - 5,443 $ 1,113,162 $ 1,025 $ - $ 4,319 $ - $ 1,118,506

Note 6 - Stock-based Compensa21

Note 6 - Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Exercise Contractual Value Options Price Term (yrs.) (in thousands) Outstanding at January 1, 2016 231,444 $ 15.96 Exercised (31,008 ) 15.17 Forfeited or expired (3,875 ) 15.12 Outstanding at June 30, 2016 196,561 $ 16.10 3.00 $ 2,470 Exercisable at June 30, 2016 196,161 $ 16.08 2.99 $ 2,469
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Number of Grant-Date Contractual Value RSUs Fair Value Term (yrs.) (in thousands) Outstanding at January 1, 2016 157,351 $ 21.83 Granted 68,010 27.26 Converted (51,754 ) 19.68 Outstanding at June 30, 2016 173,607 $ 24.60 1.68 $ 4,977 Vested and Convertible at June 30, 2016 - $ - - $ -

Note 7 - Defined Benefit Pens22

Note 7 - Defined Benefit Pension Plan (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Costs of Retirement Plans [Table Text Block]	Six Months Ended Three Months Ended June 30, June 30, 2016 2015 2016 2015 (in thousands) Service cost plus expected expenses and net of expected plan participant contributions $ 572 $ 595 $ 286 $ 298 Interest cost 792 704 396 352 Expected return on plan assets (1,477 ) (1,544 ) (738 ) (773 ) Amortization of net actuarial loss 122 - 61 - Net pension cost (credit) $ 9 $ (245 ) $ 5 $ (123 )

Note 8 - Fair Value of Financ23

Note 8 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) (in thousands) June 30, 2016: Available-for-Sale Securities: State and municipals $ 462,631 $ - $ 462,631 $ - Pass-through mortgage securities 216,716 - 216,716 - Collateralized mortgage obligations 182,654 - 182,654 - $ 862,001 $ - $ 862,001 $ - December 31, 2015: Available-for-Sale Securities: State and municipals $ 435,693 $ - $ 435,693 $ - Pass-through mortgage securities 147,265 - 147,265 - Collateralized mortgage obligations 154,742 - 154,742 - $ 737,700 $ - $ 737,700 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) (in thousands) June 30, 2016: Impaired loan: Residential mortgage - closed end $ 128 $ - $ - $ 128 December 31, 2015: Residential mortgages held-for-sale: Closed end $ 25 $ - $ - $ 25 Revolving home equity 80 - - 80 $ 105 $ - $ - $ 105 Impaired loan: Residential mortgage - closed end $ 119 $ - $ - $ 119
Fair Value, by Balance Sheet Grouping [Table Text Block]	Level of June 30, 2016 December 31, 2015 Fair Value Carrying Carrying Hierarchy Amount Fair Value Amount Fair Value (in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 51,026 $ 51,026 $ 39,635 $ 39,635 Held-to-maturity securities Level 2 10,613 11,044 12,366 12,905 Held-to-maturity securities Level 3 1,593 1,593 2,005 2,005 Loans Level 3 2,325,807 2,345,729 2,220,808 2,203,418 Restricted stock Level 1 23,074 23,074 28,435 28,435 Accrued interest receivable: Investment securities Level 2 4,624 4,624 4,403 4,403 Loans Level 3 5,967 5,967 5,501 5,501 Financial Liabilities: Checking deposits Level 1 765,392 765,392 777,994 777,994 Savings, NOW and money market deposits Level 1 1,562,740 1,562,740 1,195,968 1,195,968 Time deposits Level 2 296,723 304,325 310,713 313,331 Short-term borrowings Level 1 57,666 57,666 211,502 211,502 Long-term debt Level 2 359,212 364,951 365,712 364,935 Accrued interest payable: Checking, savings, NOW and money market deposits Level 1 129 129 43 43 Time deposits Level 2 38 38 3,224 3,224 Short-term borrowings Level 1 1 1 3 3 Long-term debt Level 2 536 536 669 669

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	6 Months Ended
	Jun. 30, 2016
Number of Wholly Owned Subsidiaries	2

Note 2 - Earnings Per Share - C

Note 2 - Earnings Per Share - Calculation of Earnings Per Share (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income		$ 7,620,000	$ 6,276,000	$ 15,050,000	$ 12,761,000
Income allocated to participating securities (1)	[1]	33,000	0	64,000	0
Income allocated to common stockholders		$ 7,587,000	$ 6,276,000	$ 14,986,000	$ 12,761,000
Common shares (in shares)		15,019,503	13,991,519	14,601,611	13,958,339
Dilutive stock options and restricted stock units (1) (in shares)	[1]	139,708	156,417	146,286	153,321
(in shares)		15,159,211	14,147,936	14,747,897	14,111,660
Earnings per share:
Basic (in dollars per share)		$ 0.51	$ 0.45	$ 1.03	$ 0.91
Diluted (in dollars per share)		$ 0.50	$ 0.44	$ 1.02	$ 0.90
[1]	Restricted stock units ("RSUs") awarded in January 2016 accrue dividends at the same rate as the dividends declared by the Board of Directors on the Corporation's common stock. For purposes of computing EPS, these RSUs are considered to participate with common stock in the undistributed earnings of the Corporation and, therefore, the Corporation is required to calculate basic and diluted EPS using the two-class method. Under the two-class method, net income for the period is allocated between common stockholders and participating securities according to dividends declared and participation rights in undistributed earnings. See Note 6 for additional details on the RSUs awarded in 2016.

Note 3 - Components of Other Co

Note 3 - Components of Other Comprehensive Income (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Change in net unrealized holding gains on available-for-sale securities:
Change arising during the period		$ 7,338,000	$ (8,320,000)	$ 12,480,000	$ (5,736,000)
Reclassification adjustment for gains included in net income (1)	[1]	(1,827,000)	(1,125,000)	(1,827,000)	(1,125,000)
Change in net unrealized holding gains on available-for-sale securities		5,511,000	(9,445,000)	10,653,000	(6,861,000)
Tax effect		2,310,000	(3,839,000)	4,608,000	(2,825,000)
		3,201,000	(5,606,000)	6,045,000	(4,036,000)
Change in funded status of pension plan:
Amortization of net actuarial loss included in pension expense (2)	[2]	61,000	0	122,000	0
Tax effect		25,000	0	(1,000)	(37,000)
		36,000	0	123,000	37,000
Other comprehensive income (loss)		$ 3,237,000	$ (5,606,000)	$ 6,168,000	$ (3,999,000)
[1]	Reclassification adjustment represents net realized gains arising from the sale of available-for-sale securities. The net realized gains are included in the consolidated statements of income in the line item, "Net gains on sales of securities." See "Note 4 - Investment Securities" for the income tax expense related to the net realized gains.
[2]	Represents the amortization into expense of net actuarial loss relating to the Bank's defined benefit pension plan. This item is included in net periodic pension cost (see Note 7) and in the consolidated statements of income in the line item, "Employee benefits." The related income tax expense is included in the consolidated statements of income in the line item, "Income tax expense."

Note 3 - Components of Accumula

Note 3 - Components of Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Unrealized holding gains on available-for-sale securities			$ 11,675,000
Unrealized holding gains on available-for-sale securities	$ 3,201,000	$ (5,606,000)	6,045,000	$ (4,036,000)
Unrealized holding gains on available-for-sale securities	17,720,000		17,720,000
Unrealized actuarial losses on pension plan			(4,151,000)
Unrealized actuarial losses on pension plan	36,000	$ 0	123,000	$ 37,000
Unrealized actuarial losses on pension plan	(4,028,000)		(4,028,000)
Total accumulated other comprehensive income, net of tax			7,524,000
Total accumulated other comprehensive income, net of tax			6,168,000
Total accumulated other comprehensive income, net of tax	$ 13,692,000		$ 13,692,000

Note 4 - Investment Securitie28

Note 4 - Investment Securities (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Securities Pledged as Collateral [Member]
Marketable Securities	$ 469,334,000		$ 469,334,000		$ 405,769,000
Marketable Securities	874,207,000		874,207,000		$ 752,071,000
Tax Expense Related to the Net Realized Gain On the Sale of Available-for-sale Securities	$ 761,000	$ 463,000	761,000	$ 463,000
Minimum Balance of Principal Collected Prior to Sale, Percentage	85.00%
Held-to-maturity Securities, Sold Security, at Carrying Value	$ 106,000	235,000	$ 106,000	$ 235,000
Held-to-maturity Securities, Sold Security, Realized Gain (Loss), Excluding Other than Temporary Impairments	$ 17,000	$ 8,000
Number of Holdings Greater Than 10% of Stockholders' Equity	0		0		0

Note 4 - Investment Securitie29

Note 4 - Investment Securities - Amortization Cost and Estimated Fair Value of Investment Securities (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member]
Held-to-maturity, at amortized cost (fair value of $12,637 and $14,910)	$ 11,041,000	$ 12,922,000
Held-to-Maturity Securities, Gross unrealized gains	331,000	410,000
Held-to-maturity, at fair value	11,372,000	13,332,000
Available-for-Sale Securities, Amortized cost	436,647,000	416,957,000
Available-for-Sale Securities, Gross unrealized gains	25,990,000	18,892,000
Available-for-Sale Securities, Gross unrealized losses	(6,000)	(156,000)
Available-for-sale, at fair value	462,631,000	435,693,000
Pass-Through Mortgage Securities [Member]
Held-to-maturity, at amortized cost (fair value of $12,637 and $14,910)	438,000	576,000
Held-to-Maturity Securities, Gross unrealized gains	49,000	67,000
Held-to-maturity, at fair value	487,000	643,000
Available-for-Sale Securities, Amortized cost	215,153,000	148,402,000
Available-for-Sale Securities, Gross unrealized gains	1,600,000	810,000
Available-for-Sale Securities, Gross unrealized losses	(37,000)	(1,947,000)
Available-for-sale, at fair value	216,716,000	147,265,000
Collateralized Mortgage Obligations [Member]
Held-to-maturity, at amortized cost (fair value of $12,637 and $14,910)	727,000	873,000
Held-to-Maturity Securities, Gross unrealized gains	51,000	62,000
Held-to-maturity, at fair value	778,000	935,000
Available-for-Sale Securities, Amortized cost	179,919,000	152,712,000
Available-for-Sale Securities, Gross unrealized gains	2,901,000	2,720,000
Available-for-Sale Securities, Gross unrealized losses	(166,000)	(690,000)
Available-for-sale, at fair value	182,654,000	154,742,000
Held-to-maturity, at amortized cost (fair value of $12,637 and $14,910)	12,206,000	14,371,000
Held-to-Maturity Securities, Gross unrealized gains	431,000	539,000
Held-to-maturity, at fair value	12,637,000	14,910,000
Available-for-Sale Securities, Amortized cost	831,719,000	718,071,000
Available-for-Sale Securities, Gross unrealized gains	30,491,000	22,422,000
Available-for-Sale Securities, Gross unrealized losses	(209,000)	(2,793,000)
Available-for-sale, at fair value	$ 862,001,000	$ 737,700,000

Note 4 - Investment Securitie30

Note 4 - Investment Securities - Securities With a Continuous Unrealized Losses Position (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value	$ 2,647,000	$ 13,148,000
Less than 12 months, unrealized loss	(6,000)	(78,000)
12 months or more, fair value	0	5,837,000
12 months or more, unrealized loss	0	(78,000)
Total, fair value	2,647,000	18,985,000
Total, unrealized loss	(6,000)	(156,000)
Pass-Through Mortgage Securities [Member]
Less than 12 months, fair value	10,546,000	98,504,000
Less than 12 months, unrealized loss	(29,000)	(1,348,000)
12 months or more, fair value	8,966,000	27,365,000
12 months or more, unrealized loss	(8,000)	(599,000)
Total, fair value	19,512,000	125,869,000
Total, unrealized loss	(37,000)	(1,947,000)
Collateralized Mortgage Obligations [Member]
Less than 12 months, fair value	250,000	39,133,000
Less than 12 months, unrealized loss	(2,000)	(305,000)
12 months or more, fair value	9,361,000	12,743,000
12 months or more, unrealized loss	(164,000)	(385,000)
Total, fair value	9,611,000	51,876,000
Total, unrealized loss	(166,000)	(690,000)
Less than 12 months, fair value	13,443,000	150,785,000
Less than 12 months, unrealized loss	(37,000)	(1,731,000)
12 months or more, fair value	18,327,000	45,945,000
12 months or more, unrealized loss	(172,000)	(1,062,000)
Total, fair value	31,770,000	196,730,000
Total, unrealized loss	$ (209,000)	$ (2,793,000)

Note 4 - Investment Securitie31

Note 4 - Investment Securities - Sales of Available-for-sale Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Proceeds	$ 40,989,000	$ 66,140,000	$ 40,989,000	$ 66,140,000
Gross gains	1,845,000	1,501,000	1,845,000	1,501,000
Gross losses	(18,000)	(376,000)	(18,000)	(376,000)
Net gain	$ 1,827,000	$ 1,125,000	$ 1,827,000	$ 1,125,000

Note 4 - Investment Securitie32

Note 4 - Investment Securities - Maturities (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Held-to-Maturity Securities:
Within one year	$ 2,854,000
Within one year	2,877,000
After 1 through 5 years	5,742,000
After 1 through 5 years	5,966,000
After 5 through 10 years	2,077,000
After 5 through 10 years	2,142,000
After 10 years	368,000
After 10 years	387,000
Mortgage-backed securities	1,165,000
Mortgage-backed securities	1,265,000
Held-to-Maturity Securities, Amortized cost	12,206,000	$ 14,371,000
Held-to-Maturity Securities, Fair value	12,637,000	14,910,000
Available-for-Sale Securities:
Within one year	12,245,000
Within one year	12,428,000
After 1 through 5 years	49,308,000
After 1 through 5 years	51,591,000
After 5 through 10 years	170,101,000
After 5 through 10 years	180,119,000
After 10 years	204,993,000
After 10 years	218,493,000
Mortgage-backed securities	395,072,000
Mortgage-backed securities	399,370,000
Available-for-Sale Securities, Amortized cost	831,719,000
Available-for-Sale Securities, Fair value	$ 862,001,000	$ 737,700,000

Note 5 - Loans (Details Textual

Note 5 - Loans (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Residential Portfolio Segment [Member] | Residential Mortgage First Lien [Member] | Nonperforming Financial Instruments [Member]
Mortgage Loans in Process of Foreclosure, Amount	$ 152,000		$ 152,000
Residential Portfolio Segment [Member] | Residential Mortgage First Lien [Member]
Financing Receivable, Modifications, Post-Modification Recorded Investment				$ 2,700,000
Financing Receivable, Modifications, Pre-Modification Recorded Investment				2,700,000
Residential Portfolio Segment [Member] | Residential Mortgage Junior Lien [Member]
Financing Receivable, Modifications, Post-Modification Recorded Investment				245,000
Financing Receivable, Modifications, Pre-Modification Recorded Investment				$ 245,000
Residential Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | Interest Rate Below Market Reduction [Member]
Debt Instrument, Interest Rate, Stated Percentage		4.00%		4.00%
Residential Portfolio Segment [Member] | Troubled Debt Restructuring [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.25%		5.25%
Provision for Loan and Lease Losses				$ 332,000
Residential Portfolio Segment [Member]
Real Estate Acquired Through Foreclosure	0		$ 0		$ 0
Mortgage Loans in Process of Foreclosure, Amount					0
Financing Receivable, Modifications, Number of Contracts			0	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts			0	0
Loans and Leases Receivable, Impaired, Commitment to Lend	0		$ 0		0
Provision for Loan and Lease Losses	139,000	$ 942,000	392,000	$ 1,353,000
Allowance for Credit Losses, Change in Method of Calculating Impairment	$ 383,000		$ 383,000		395,000
Number of Days Past Due to Be Considered in Default			90 days
Minimum Prior Year Principal Balance of Commercial Real Estate Loans Required to Be Reviewed Annually	60.00%		60.00%
Deposit Liabilities Reclassified as Loans Receivable	$ 232,000		$ 232,000		$ 290,000

Note 5 - Loans - Loans Individu

Note 5 - Loans - Loans Individually and Collectively Evaluated for Impairment (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Commercial Portfolio Segment [Member]
Individually evaluated for impairment - loans	$ 0		$ 0
Collectively evaluated for imparment - loans	105,106,000		93,056,000
Ending balance - loans	105,106,000		93,056,000
Individually evaluated for impairment - allowance	0		0
Collectively evaluated for imparment - allowance	1,174,000		928,000
Ending balance - allowance	1,174,000	$ 1,112,000	928,000	$ 986,000	$ 969,000	$ 838,000
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Individually evaluated for impairment - loans	0		0
Collectively evaluated for imparment - loans	542,115,000		572,322,000
Ending balance - loans	542,115,000		572,322,000
Individually evaluated for impairment - allowance	0		0
Collectively evaluated for imparment - allowance	6,346,000		6,858,000
Ending balance - allowance	6,346,000	6,805,000	6,858,000	7,030,000	7,136,000	7,207,000
Commercial Real Estate Portfolio Segment [Member] | Other Loan [Member]
Individually evaluated for impairment - loans	0		0
Collectively evaluated for imparment - loans	368,768,000		348,909,000
Ending balance - loans	368,768,000		348,909,000
Individually evaluated for impairment - allowance	0		0
Collectively evaluated for imparment - allowance	3,828,000		3,674,000
Ending balance - allowance	3,828,000	3,853,000	3,674,000	2,263,000	2,353,000	2,340,000
Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Individually evaluated for impairment - loans	4,361,000		594,000
Collectively evaluated for imparment - loans	128,316,000		114,506,000
Ending balance - loans	132,677,000		115,100,000
Individually evaluated for impairment - allowance	0		0
Collectively evaluated for imparment - allowance	1,175,000		1,047,000
Ending balance - allowance	1,175,000	1,093,000	1,047,000	1,007,000	932,000	1,023,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Individually evaluated for impairment - loans	3,727,000		3,797,000
Collectively evaluated for imparment - loans	1,107,250,000		1,021,418,000
Ending balance - loans	1,110,977,000		1,025,215,000
Individually evaluated for impairment - allowance	408,000		428,000
Collectively evaluated for imparment - allowance	13,740,000		13,211,000
Ending balance - allowance	14,148,000	13,643,000	13,639,000	12,114,000	11,076,000	10,599,000
Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Individually evaluated for impairment - loans	519,000		522,000
Collectively evaluated for imparment - loans	87,452,000		87,326,000
Ending balance - loans	87,971,000		87,848,000
Individually evaluated for impairment - allowance	0		0
Collectively evaluated for imparment - allowance	913,000		1,016,000
Ending balance - allowance	913,000	927,000	1,016,000	1,021,000	1,048,000	1,121,000
Consumer and Other Portfolio Segment [Member]
Individually evaluated for impairment - loans	0		0
Collectively evaluated for imparment - loans	5,998,000		5,733,000
Ending balance - loans	5,998,000		5,733,000
Individually evaluated for impairment - allowance	0		0
Collectively evaluated for imparment - allowance	93,000		94,000
Ending balance - allowance	93,000	91,000	94,000	70,000	93,000	93,000
Individually evaluated for impairment - loans	8,607,000		4,913,000
Collectively evaluated for imparment - loans	2,345,005,000		2,243,270,000
Ending balance - loans	2,353,612,000		2,248,183,000
Individually evaluated for impairment - allowance	408,000		428,000
Collectively evaluated for imparment - allowance	27,269,000		26,828,000
Ending balance - allowance	$ 27,677,000	$ 27,524,000	$ 27,256,000	$ 24,491,000	$ 23,607,000	$ 23,221,000

Note 5 - Loans - Allowance for

Note 5 - Loans - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Commercial Portfolio Segment [Member]
Allowance for loan losses, beginning balance	$ 1,112,000	$ 969,000	$ 928,000	$ 838,000
Chargeoffs	0	0	0	0
Recoveries	0	6,000	4,000	6,000
Provision for loan losses	62,000	11,000	242,000	142,000
Allowance for loan losses, ending balance	1,174,000	986,000	1,174,000	986,000
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Allowance for loan losses, beginning balance	6,805,000	7,136,000	6,858,000	7,207,000
Chargeoffs	0	67,000	0	67,000
Recoveries	0	0	0	0
Provision for loan losses	(459,000)	(39,000)	(512,000)	(110,000)
Allowance for loan losses, ending balance	6,346,000	7,030,000	6,346,000	7,030,000
Commercial Real Estate Portfolio Segment [Member] | Other Loan [Member]
Allowance for loan losses, beginning balance	3,853,000	2,353,000	3,674,000	2,340,000
Chargeoffs	0	0	0	0
Recoveries	0	0	0	1,000
Provision for loan losses	(25,000)	(90,000)	154,000	(78,000)
Allowance for loan losses, ending balance	3,828,000	2,263,000	3,828,000	2,263,000
Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Allowance for loan losses, beginning balance	1,093,000	932,000	1,047,000	1,023,000
Chargeoffs	0	0	0	0
Recoveries	0	0	0	0
Provision for loan losses	82,000	75,000	128,000	(16,000)
Allowance for loan losses, ending balance	1,175,000	1,007,000	1,175,000	1,007,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Allowance for loan losses, beginning balance	13,643,000	11,076,000	13,639,000	10,599,000
Chargeoffs	0	0	0	0
Recoveries	0	8,000	8,000	9,000
Provision for loan losses	505,000	1,030,000	501,000	1,506,000
Allowance for loan losses, ending balance	14,148,000	12,114,000	14,148,000	12,114,000
Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Allowance for loan losses, beginning balance	927,000	1,048,000	1,016,000	1,121,000
Chargeoffs	0	0	0	0
Recoveries	9,000	0	12,000	0
Provision for loan losses	(23,000)	(27,000)	(115,000)	(100,000)
Allowance for loan losses, ending balance	913,000	1,021,000	913,000	1,021,000
Consumer and Other Portfolio Segment [Member]
Allowance for loan losses, beginning balance	91,000	93,000	94,000	93,000
Chargeoffs	0	5,000	0	32,000
Recoveries	5,000	0	5,000	0
Provision for loan losses	(3,000)	(18,000)	(6,000)	9,000
Allowance for loan losses, ending balance	93,000	70,000	93,000	70,000
Allowance for loan losses, beginning balance	27,524,000	23,607,000	27,256,000	23,221,000
Chargeoffs	0	72,000	0	99,000
Recoveries	14,000	14,000	29,000	16,000
Provision for loan losses	139,000	942,000	392,000	1,353,000
Allowance for loan losses, ending balance	$ 27,677,000	$ 24,491,000	$ 27,677,000	$ 24,491,000

Note 5 - Loans - Impaired Loans

Note 5 - Loans - Impaired Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Recorded investment with no allowance recorded	$ 4,361,000		$ 4,361,000		$ 594,000
Unpaid principal balance with no allowance recorded	4,416,000		4,416,000		654,000
Average recorded investment with no allowance recorded	4,378,000	$ 618,000	4,403,000	$ 623,000
Interest income recognized with no allowance recorded	0	0	0	0
Impaired Financing Receivable, Related Allowance	0		0		0
Total, recorded investment	4,361,000		4,361,000		594,000
Impaired Financing Receivable, Unpaid Principal Balance	4,416,000		4,416,000		654,000
Total, average recorded investment	4,378,000	618,000	4,403,000	623,000
Total, interest income recognized	0	0	0	0
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Recorded investment with no allowance recorded					0
Unpaid principal balance with no allowance recorded					0
Average recorded investment with no allowance recorded		2,118,000		2,125,000
Interest income recognized with no allowance recorded		0		0
Impaired Financing Receivable, Related Allowance					0
Total, recorded investment					0
Impaired Financing Receivable, Unpaid Principal Balance					0
Total, average recorded investment		2,118,000		2,125,000
Total, interest income recognized		0		0
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Recorded investment with no allowance recorded	285,000		285,000		306,000
Unpaid principal balance with no allowance recorded	399,000		399,000		405,000
Average recorded investment with no allowance recorded	289,000	366,000	294,000	373,000
Interest income recognized with no allowance recorded	0	0	0	0
Recorded investment with an allowance recorded	3,442,000		3,442,000		3,491,000
Unpaid principal balance with an allowance recorded	3,445,000		3,445,000		3,494,000
Impaired Financing Receivable, Related Allowance	408,000		408,000		428,000
Average recorded investment with an allowance recorded	3,451,000	3,410,000	3,463,000	3,448,000
Interest income recognized, with an allowance recorded	34,000	13,000	68,000	21,000
Total, recorded investment	3,727,000		3,727,000		3,797,000
Impaired Financing Receivable, Unpaid Principal Balance	3,844,000		3,844,000		3,899,000
Total, average recorded investment	3,740,000	3,776,000	3,757,000	3,821,000
Total, interest income recognized	34,000	13,000	68,000	21,000
Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Recorded investment with no allowance recorded	519,000		519,000		522,000
Unpaid principal balance with no allowance recorded	519,000		519,000		521,000
Average recorded investment with no allowance recorded	520,000	570,000	520,000	574,000
Interest income recognized with no allowance recorded	3,000	0	5,000	0
Impaired Financing Receivable, Related Allowance					0
Total, recorded investment	519,000		519,000		522,000
Impaired Financing Receivable, Unpaid Principal Balance	519,000		519,000		521,000
Total, average recorded investment	520,000	570,000	520,000	574,000
Total, interest income recognized	3,000	0	5,000	0
Commercial Portfolio Segment [Member]
Recorded investment with an allowance recorded					0
Unpaid principal balance with an allowance recorded					0
Impaired Financing Receivable, Related Allowance					0
Average recorded investment with an allowance recorded		12,000		13,000
Interest income recognized, with an allowance recorded		0		0
Total, recorded investment					0
Impaired Financing Receivable, Unpaid Principal Balance					0
Total, average recorded investment		12,000		13,000
Total, interest income recognized		0		0
Impaired Financing Receivable, Related Allowance	408,000		408,000		428,000
Total, recorded investment	8,607,000		8,607,000		4,913,000
Impaired Financing Receivable, Unpaid Principal Balance	8,779,000		8,779,000		$ 5,074,000
Total, average recorded investment	8,638,000	7,094,000	8,680,000	7,156,000
Total, interest income recognized	$ 37,000	$ 13,000	$ 73,000	$ 21,000

Note 5 - Loans - Aging of the R

Note 5 - Loans - Aging of the Recorded Investment in Loans (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past due	$ 97,000	$ 0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loan [Member]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Past due	1,130,000	991,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member]
Past due	104,000	12,000
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	1,331,000	1,003,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loan [Member]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Loan [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	0	0
Commercial Portfolio Segment [Member]
Nonaccrual loans	0	0
Total past due loan & nonaccrual loans	97,000	0
Current	105,009,000	93,056,000
Ending balance - loans	105,106,000	93,056,000
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Nonaccrual loans	0	0
Total past due loan & nonaccrual loans	0	0
Current	542,115,000	572,322,000
Ending balance - loans	542,115,000	572,322,000
Commercial Real Estate Portfolio Segment [Member] | Other Loan [Member]
Nonaccrual loans	0	0
Total past due loan & nonaccrual loans	0	0
Current	368,768,000	348,909,000
Ending balance - loans	368,768,000	348,909,000
Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Nonaccrual loans	4,361,000	594,000
Total past due loan & nonaccrual loans	4,361,000	594,000
Current	128,316,000	114,506,000
Ending balance - loans	132,677,000	115,100,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Nonaccrual loans	436,000	456,000
Total past due loan & nonaccrual loans	1,566,000	1,447,000
Current	1,109,411,000	1,023,768,000
Ending balance - loans	1,110,977,000	1,025,215,000
Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Nonaccrual loans	280,000	280,000
Total past due loan & nonaccrual loans	280,000	280,000
Current	87,691,000	87,568,000
Ending balance - loans	87,971,000	87,848,000
Consumer and Other Portfolio Segment [Member]
Nonaccrual loans	0	0
Total past due loan & nonaccrual loans	104,000	12,000
Current	5,894,000	5,721,000
Ending balance - loans	5,998,000	5,733,000
Nonaccrual loans	5,077,000	1,330,000
Total past due loan & nonaccrual loans	6,408,000	2,333,000
Current	2,347,204,000	2,245,850,000
Ending balance - loans	$ 2,353,612,000	$ 2,248,183,000

Note 5 - Loans - Risk Ratings (

Note 5 - Loans - Risk Ratings (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] | Pass [Member]
Ending balance - loans	$ 103,304,000	$ 91,950,000
Commercial Portfolio Segment [Member] | Watch [Member]
Ending balance - loans	1,802,000	1,106,000
Commercial Portfolio Segment [Member] | Special Mention [Member]
Ending balance - loans	0	0
Commercial Portfolio Segment [Member] | Substandard [Member]
Ending balance - loans	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member]
Ending balance - loans	0	0
Commercial Portfolio Segment [Member] | Internal Investment Grade [Member]
Ending balance - loans	105,106,000	93,056,000
Commercial Portfolio Segment [Member]
Ending balance - loans	105,106,000	93,056,000
Residential Portfolio Segment [Member] | Pass [Member] | Home Equity Loan [Member]
Ending balance - loans	1,106,249,000	1,020,393,000
Residential Portfolio Segment [Member] | Pass [Member] | Revolving Home Equity Line [Member]
Ending balance - loans	87,452,000	87,326,000
Residential Portfolio Segment [Member] | Watch [Member] | Home Equity Loan [Member]
Ending balance - loans	1,001,000	1,025,000
Residential Portfolio Segment [Member] | Watch [Member] | Revolving Home Equity Line [Member]
Ending balance - loans	0	0
Residential Portfolio Segment [Member] | Special Mention [Member] | Home Equity Loan [Member]
Ending balance - loans	0	0
Residential Portfolio Segment [Member] | Special Mention [Member] | Revolving Home Equity Line [Member]
Ending balance - loans	0	0
Residential Portfolio Segment [Member] | Substandard [Member] | Home Equity Loan [Member]
Ending balance - loans	3,727,000	3,797,000
Residential Portfolio Segment [Member] | Substandard [Member] | Revolving Home Equity Line [Member]
Ending balance - loans	519,000	522,000
Residential Portfolio Segment [Member] | Doubtful [Member] | Home Equity Loan [Member]
Ending balance - loans	0	0
Residential Portfolio Segment [Member] | Doubtful [Member] | Revolving Home Equity Line [Member]
Ending balance - loans	0	0
Residential Portfolio Segment [Member] | Internal Investment Grade [Member] | Home Equity Loan [Member]
Ending balance - loans	1,110,977,000	1,025,215,000
Residential Portfolio Segment [Member] | Internal Investment Grade [Member] | Revolving Home Equity Line [Member]
Ending balance - loans	87,971,000	87,848,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Ending balance - loans	1,110,977,000	1,025,215,000
Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Ending balance - loans	87,971,000	87,848,000
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Multifamily Loan [Member]
Ending balance - loans	534,749,000	567,467,000
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Loan [Member]
Ending balance - loans	367,204,000	346,419,000
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Owner-occupied Loan [Member]
Ending balance - loans	128,316,000	110,641,000
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Multifamily Loan [Member]
Ending balance - loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Other Loan [Member]
Ending balance - loans	0	900,000
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Owner-occupied Loan [Member]
Ending balance - loans	0	3,865,000
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Multifamily Loan [Member]
Ending balance - loans	7,366,000	4,855,000
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Loan [Member]
Ending balance - loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner-occupied Loan [Member]
Ending balance - loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Multifamily Loan [Member]
Ending balance - loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Loan [Member]
Ending balance - loans	1,564,000	1,590,000
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner-occupied Loan [Member]
Ending balance - loans	4,361,000	594,000
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Multifamily Loan [Member]
Ending balance - loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Loan [Member]
Ending balance - loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Owner-occupied Loan [Member]
Ending balance - loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Internal Investment Grade [Member] | Multifamily Loan [Member]
Ending balance - loans	542,115,000	572,322,000
Commercial Real Estate Portfolio Segment [Member] | Internal Investment Grade [Member] | Other Loan [Member]
Ending balance - loans	368,768,000	348,909,000
Commercial Real Estate Portfolio Segment [Member] | Internal Investment Grade [Member] | Owner-occupied Loan [Member]
Ending balance - loans	132,677,000	115,100,000
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member]
Ending balance - loans	542,115,000	572,322,000
Commercial Real Estate Portfolio Segment [Member] | Other Loan [Member]
Ending balance - loans	368,768,000	348,909,000
Commercial Real Estate Portfolio Segment [Member] | Owner-occupied Loan [Member]
Ending balance - loans	132,677,000	115,100,000
Consumer and Other Portfolio Segment [Member] | Pass [Member]
Ending balance - loans	5,766,000	5,443,000
Consumer and Other Portfolio Segment [Member] | Watch [Member]
Ending balance - loans	0	0
Consumer and Other Portfolio Segment [Member] | Special Mention [Member]
Ending balance - loans	0	0
Consumer and Other Portfolio Segment [Member] | Substandard [Member]
Ending balance - loans	0	0
Consumer and Other Portfolio Segment [Member] | Doubtful [Member]
Ending balance - loans	0	0
Consumer and Other Portfolio Segment [Member] | Internal Investment Grade [Member]
Ending balance - loans	5,766,000	5,443,000
Consumer and Other Portfolio Segment [Member]
Ending balance - loans	5,998,000	5,733,000
Residential Mortgages, Home Equity Lines, and Other Consumer Loans [Member] | Pass [Member]
Ending balance - loans	1,199,467,000	1,113,162,000
Residential Mortgages, Home Equity Lines, and Other Consumer Loans [Member] | Watch [Member]
Ending balance - loans	1,001,000	1,025,000
Residential Mortgages, Home Equity Lines, and Other Consumer Loans [Member] | Special Mention [Member]
Ending balance - loans	0	0
Residential Mortgages, Home Equity Lines, and Other Consumer Loans [Member] | Substandard [Member]
Ending balance - loans	4,246,000	4,319,000
Residential Mortgages, Home Equity Lines, and Other Consumer Loans [Member] | Doubtful [Member]
Ending balance - loans	0	0
Residential Mortgages, Home Equity Lines, and Other Consumer Loans [Member] | Internal Investment Grade [Member]
Ending balance - loans	1,204,714,000	1,118,506,000
Commercial and Industrial Loans and Commercial Real Estate Loans [Member] | Pass [Member]
Ending balance - loans	1,133,573,000	1,116,477,000
Commercial and Industrial Loans and Commercial Real Estate Loans [Member] | Watch [Member]
Ending balance - loans	1,802,000	5,871,000
Commercial and Industrial Loans and Commercial Real Estate Loans [Member] | Special Mention [Member]
Ending balance - loans	7,366,000	4,855,000
Commercial and Industrial Loans and Commercial Real Estate Loans [Member] | Substandard [Member]
Ending balance - loans	5,925,000	2,184,000
Commercial and Industrial Loans and Commercial Real Estate Loans [Member] | Doubtful [Member]
Ending balance - loans	0	0
Commercial and Industrial Loans and Commercial Real Estate Loans [Member] | Internal Investment Grade [Member]
Ending balance - loans	1,148,666,000	1,129,387,000
Ending balance - loans	$ 2,353,612,000	$ 2,248,183,000

Note 6 - Stock-based Compensa39

Note 6 - Stock-based Compensation (Details Textual) - USD ($)	1 Months Ended	6 Months Ended
	Jan. 31, 2016	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Option [Member] | Equity Incentive Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		1,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		1,356,973
Employee Stock Option [Member] | Compensation Plan 2006 [Member]
Minimum Exercise Price of Stock Options and Stock Appreciation Rights, Percentage		100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		10 years
Employee Stock Option [Member]
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards		$ 0	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 4,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		3 years 328 days
Restricted Stock Units (RSUs) [Member] | Equity Incentive Plan 2014 [Member] | Performance-Based Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		55,640
Restricted Stock Units (RSUs) [Member] | Equity Incentive Plan 2014 [Member] | Service-Based Vesting [Member] | Vesting Period Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Restricted Stock Units (RSUs) [Member] | Equity Incentive Plan 2014 [Member] | Service-Based Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		10,180
Restricted Stock Units (RSUs) [Member] | Equity Incentive Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		525,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		369,353
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	68,010
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		2,190
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		65,820
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Converted		$ 1,445,000	965,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 2,185,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		1 year 292 days
Allocated Share-based Compensation Expense		$ 914,000	746,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		383,000	292,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		421,000	226,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 2,189,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		1 year 328 days
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options		$ 470,000	303,000
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options		$ 162,000	$ 76,000

Note 6 - Stock Based Compensati

Note 6 - Stock Based Compensation - Stock Option Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Outstanding at January 1, 2016 (in shares) | shares	231,444
Outstanding at January 1, 2016 (in dollars per share) | $ / shares	$ 15.96
Exercised (in shares) | shares	(31,008)
Exercised (in dollars per share) | $ / shares	$ 15.17
Forfeited or expired (in shares) | shares	(3,875)
Forfeited or expired (in dollars per share) | $ / shares	$ 15.12
Outstanding at June 30, 2016 (in shares) | shares	196,561
Outstanding at June 30, 2016 (in dollars per share) | $ / shares	$ 16.10
Outstanding at June 30, 2016	3 years
Outstanding at June 30, 2016 | $	$ 2,470
Exercisable at June 30, 2016 (in shares) | shares	196,161
Exercisable at June 30, 2016 (in dollars per share) | $ / shares	$ 16.08
Exercisable at June 30, 2016	2 years 361 days
Exercisable at June 30, 2016 | $	$ 2,469

Note 6 -Stock Based Compensatio

Note 6 -Stock Based Compensation - RSU Activity (Details) - Restricted Stock [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Outstanding at January 1, 2016 (in shares) | shares	157,351
Outstanding at January 1, 2016 (in dollars per share) | $ / shares	$ 21.83
Granted (in shares) | shares	68,010
Granted (in dollars per share) | $ / shares	$ 27.26
Converted (in shares) | shares	(51,754)
Converted (in dollars per share) | $ / shares	$ 19.68
Outstanding at June 30, 2016 (in shares) | shares	173,607
Outstanding at June 30, 2016 (in dollars per share) | $ / shares	$ 24.60
Outstanding at June 30, 2016	1 year 248 days
Outstanding at June 30, 2016 | $	$ 4,977

Note 7 - Defined Benefit Pens42

Note 7 - Defined Benefit Pension Plan (Details Textual)	6 Months Ended
	Jun. 30, 2016USD ($)
Maximum [Member]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$ 1,553,000
Defined Benefit Pension Plan, Liabilities	$ 0

Note 7 - Defined Benefit Pens43

Note 7 - Defined Benefit Pension Plan - Components of Net Periodic Pension Cost (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Service cost plus expected expenses and net of expected plan participant contributions	$ 286,000	$ 298,000	$ 572,000	$ 595,000
Interest cost	396,000	352,000	792,000	704,000
Expected return on plan assets	(738,000)	(773,000)	(1,477,000)	(1,544,000)
Amortization of net actuarial loss	61,000	0	122,000	0
Net pension cost (credit)	$ 5,000	$ (123,000)	$ 9,000	$ (245,000)

Note 8 - Fair Value of Financ44

Note 8 - Fair Value of Financial Instruments (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Fair Value, Measurements, Nonrecurring [Member]
Impaired Financing Receivable, Unpaid Principal Balance	$ 152,000		$ 152,000		$ 152,000
Impaired Financing Receivable, Related Allowance	24,000		24,000		33,000
Impaired Financing Receivable, Unpaid Principal Balance	8,779,000		8,779,000		5,074,000
Allowance for Loan and Lease Losses, Period Increase (Decrease)	0	$ 0	9,000	$ 6,000
Impaired Financing Receivable, Related Allowance	$ 408,000		408,000		$ 428,000
Gain (Loss) on Sales of Loans, Net			$ (5,000)	$ 0
Number of Loan Portfolio Segments			3
Term of Maturity for Short-term Borrowings			90 days

Note 8 - Fair Value of Financ45

Note 8 - Fair Value of Financial Instruments - Assets Measured On Recurring Basis (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale, at fair value	$ 0	$ 0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale, at fair value	462,631,000	435,693,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale, at fair value	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale, at fair value	462,631,000	435,693,000
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale, at fair value	462,631,000	435,693,000
Pass-Through Mortgage Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale, at fair value	0	0
Pass-Through Mortgage Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale, at fair value	216,716,000	147,265,000
Pass-Through Mortgage Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale, at fair value	0	0
Pass-Through Mortgage Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale, at fair value	216,716,000	147,265,000
Pass-Through Mortgage Securities [Member]
Available-for-sale, at fair value	216,716,000	147,265,000
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale, at fair value	0	0
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale, at fair value	182,654,000	154,742,000
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale, at fair value	0	0
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale, at fair value	182,654,000	154,742,000
Collateralized Mortgage Obligations [Member]
Available-for-sale, at fair value	182,654,000	154,742,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale, at fair value	862,001,000	737,700,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring [Member]
Available-for-sale, at fair value	862,001,000	737,700,000
Available-for-sale, at fair value	$ 862,001,000	$ 737,700,000

Note 8 - Fair Value of Financ46

Note 8 - Fair Value of Financial Instruments - Assets Measured On Non-recurring Basis (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Fair Value, Inputs, Level 1 [Member]
Impaired loan	$ 0	$ 0
Loans held-for-sale		0
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Impaired loan	0	0
Loans held-for-sale		0
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loan	128,000	119,000
Loans held-for-sale		25,000
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Impaired loan	128,000	119,000
Loans held-for-sale		25,000
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member] | Fair Value, Inputs, Level 1 [Member]
Loans held-for-sale		0
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held-for-sale		0
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held-for-sale		80,000
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Loans held-for-sale		80,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Loans held-for-sale		0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held-for-sale		0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held-for-sale		105,000
Fair Value, Measurements, Nonrecurring [Member]
Loans held-for-sale		105,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Impaired loan	3,727,000	3,797,000
Residential Portfolio Segment [Member] | Revolving Home Equity Line [Member]
Impaired loan	519,000	522,000
Impaired loan	8,607,000	4,913,000
Loans held-for-sale	$ 0	$ 105,000

Note 8 - Fair Value of Financ47

Note 8 - Fair Value of Financial Instruments - Financial Instruments (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	$ 51,026,000	$ 39,635,000
Restricted stock	23,074,000	28,435,000
Financial Liabilities:
Checking deposits	765,392,000	777,994,000
Savings, NOW and money market deposits	1,562,740,000	1,195,968,000
Short-term borrowings	57,666,000	211,502,000
Accrued interest payable:
Checking, savings, NOW and money market deposits	129,000	43,000
Short-term borrowings	1,000	3,000
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	51,026,000	39,635,000
Restricted stock	23,074,000	28,435,000
Financial Liabilities:
Checking deposits	765,392,000	777,994,000
Savings, NOW and money market deposits	1,562,740,000	1,195,968,000
Short-term borrowings	57,666,000	211,502,000
Accrued interest payable:
Checking, savings, NOW and money market deposits	129,000	43,000
Short-term borrowings	1,000	3,000
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Financial Assets:
Held-to-maturity securities	10,613,000	12,366,000
Accrued interest receivable:
Investment securities	4,624,000	4,403,000
Financial Liabilities:
Time deposits	296,723,000	310,713,000
Long-term debt	359,212,000	365,712,000
Accrued interest payable:
Time deposits	38,000	3,224,000
Long-term debt	536,000	669,000
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Financial Assets:
Held-to-maturity securities	11,044,000	12,905,000
Accrued interest receivable:
Investment securities	4,624,000	4,403,000
Financial Liabilities:
Time deposits	304,325,000	313,331,000
Long-term debt	364,951,000	364,935,000
Accrued interest payable:
Time deposits	38,000	3,224,000
Long-term debt	536,000	669,000
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Financial Assets:
Held-to-maturity securities	1,593,000	2,005,000
Loans	2,325,807,000	2,220,808,000
Accrued interest receivable:
Loans	5,967,000	5,501,000
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Financial Assets:
Held-to-maturity securities	1,593,000	2,005,000
Loans	2,345,729,000	2,203,418,000
Accrued interest receivable:
Loans	5,967,000	5,501,000
Held-to-maturity securities	12,637,000	14,910,000
Restricted stock	23,074,000	28,435,000
Financial Liabilities:
Checking deposits	765,392,000	777,994,000
Savings, NOW and money market deposits	$ 1,562,740,000	$ 1,195,968,000