Suffolk Bancorp (SCNB) Inactive 10-Q30 Apr 152015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2015	Apr. 15, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	SUFFOLK BANCORP
Entity Central Index Key	754673
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		11,728,384
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Cash and cash equivalents
Cash and non-interest-bearing deposits due from banks	$46,886	$41,140
Interest-bearing deposits due from banks	12,138	13,376
Federal funds sold	0	1,000
Total cash and cash equivalents	59,024	55,516
Interest-bearing time deposits in other banks	10,000	10,000
Federal Reserve Bank, Federal Home Loan Bank and other stock	6,800	8,600
Investment securities:
Available for sale, at fair value	291,557	298,670
Held to maturity (fair value of $65,414 and $64,796, respectively)	62,191	62,270
Total investment securities	353,748	360,940
Loans	1,382,160	1,355,427
Allowance for loan losses	19,325	19,200
Net loans	1,362,835	1,336,227
Loans held for sale	2,836	26,495
Premises and equipment, net	23,219	23,641
Bank owned life insurance	45,418	45,109
Deferred taxes	14,886	15,714
Accrued interest and loan fees receivable	6,482	5,676
Goodwill and other intangibles	3,043	2,991
Other assets	3,666	4,374
TOTAL ASSETS	1,891,957	1,895,283
LIABILITIES & STOCKHOLDERS' EQUITY
Demand deposits	682,593	683,634
Savings, N.O.W. and money market deposits	685,891	653,667
Subtotal core deposits	1,368,484	1,337,301
Time deposits	223,188	218,759
Total deposits	1,591,672	1,556,060
Borrowings	90,000	130,000
Unfunded pension liability	6,192	6,303
Capital leases	4,483	4,511
Other liabilities	12,050	15,676
TOTAL LIABILITIES	1,704,397	1,712,550
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY
Common stock (par value $2.50; 15,000,000 shares authorized; 13,891,390 shares and 13,836,508 shares issued at March 31, 2015 and December 31, 2014, respectively; 11,725,652 shares and 11,670,770 shares outstanding at March 31, 2015 and December 31, 2014, respectively)	34,728	34,591
Surplus	44,495	44,230
Retained earnings	119,478	116,169
Treasury stock at par (2,165,738 shares)	-5,414	-5,414
Accumulated other comprehensive loss, net of tax	-5,727	-6,843
TOTAL STOCKHOLDERS' EQUITY	187,560	182,733
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$1,891,957	$1,895,283

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Investment securities:
Held to maturity, fair value	$65,414	$64,796
STOCKHOLDERS' EQUITY
Common Stock, par value (in dollars per share)	$2.50	$2.50
Common Stock, shares authorized (in shares)	15,000,000	15,000,000
Common Stock, shares issued (in shares)	13,891,390	13,836,508
Common Stock, shares outstanding (in shares)	11,725,652	11,670,770
Treasury Stock, shares (in shares)	2,165,738	2,165,738

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
INTEREST INCOME
Loans and loan fees	$14,569	$12,877
U.S. Government agency obligations	541	628
Obligations of states and political subdivisions	1,335	1,505
Collateralized mortgage obligations	182	250
Mortgage-backed securities	445	501
Corporate bonds	38	90
Federal funds sold and interest-bearing deposits due from banks	23	46
Dividends	60	38
Total interest income	17,193	15,935
INTEREST EXPENSE
Saving, N.O.W. and money market deposits	274	292
Time deposits	294	345
Borrowings	108	0
Total interest expense	676	637
Net interest income	16,517	15,298
Provision for loan losses	250	250
Net interest income after provision for loan losses	16,267	15,048
NON-INTEREST INCOME
Service charges on deposit accounts	747	1,003
Other service charges, commissions and fees	593	679
Fiduciary fees	0	279
Net gain on sale of securities available for sale	26	0
Net gain on sale of portfolio loans	198	0
Net gain on sale of mortgage loans originated for sale	144	93
Net gain on sale of premises and equipment	0	642
Income from bank owned life insurance	309	354
Other operating income	74	42
Total non-interest income	2,091	3,092
OPERATING EXPENSES
Employee compensation and benefits	8,606	8,861
Occupancy expense	1,462	1,435
Equipment expense	385	449
Consulting and professional services	338	551
FDIC assessment	290	267
Data processing	570	573
Branch consolidation costs (credits)	0	-170
Other operating expenses	1,457	1,343
Total operating expenses	13,108	13,309
Income before income tax expense	5,250	4,831
Income tax expense	1,241	1,111
NET INCOME	$4,009	$3,720
EARNINGS PER COMMON SHARE - BASIC (in dollars per shares)	$0.34	$0.32
EARNINGS PER COMMON SHARE - DILUTED (in dollars per shares)	$0.34	$0.32
WEIGHTED AVERAGE COMMON SHARES - BASIC (in shares)	11,694,427	11,573,014
WEIGHTED AVERAGE COMMON SHARES - DILUTED (in shares)	11,763,099	11,631,462
CASH DIVIDENDS DECLARED PER COMMON SHARE	$0.06	$0

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Net income	$4,009	$3,720
Other comprehensive income, net of tax and reclassification adjustments:
Change in unrealized gain on securities available for sale arising during the period, net of tax of $703 and $2,681, respectively	1,075	4,700
Change in unrealized gain (loss) on securities transferred from available for sale to held to maturity, net of tax of $27 and ($920), respectively	41	-1,612
Total other comprehensive income, net of tax	1,116	3,088
Total comprehensive income	$5,125	$6,808

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Change in unrealized gain (loss) on securities available for sale, tax	$703	$2,681
Change in unrealized loss on securities transferred, tax	$27	($920)

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (USD $)	Common stock [Member]	Surplus [Member]	Retained earnings [Member]	Treasury stock [Member]	Accumulated other comprehensive loss, net of tax [Member]	Total
In Thousands	Common stock [Member]	Surplus [Member]	Retained earnings [Member]	Treasury stock [Member]	Accumulated other comprehensive loss, net of tax [Member]	Total
Balance at Dec. 31, 2013	$34,348	$43,280	$102,273	($5,414)	($7,289)
Net income			3,720			3,720
Dividend reinvestment	0	0
Stock options exercised	0	0
Stock-based compensation	0	165
Other comprehensive income					3,088	6,808
Cash dividend on common stock ($0.06 per share in 2015)			0
Balance at Mar. 31, 2014	34,348	43,445	105,993	-5,414	-4,201	174,171
Balance at Dec. 31, 2014	34,591	44,230	116,169	-5,414	-6,843	182,733
Net income			4,009			4,009
Dividend reinvestment	18	143
Stock options exercised	3	16
Stock-based compensation	116	106
Other comprehensive income					1,116	5,125
Cash dividend on common stock ($0.06 per share in 2015)			-700
Balance at Mar. 31, 2015	$34,728	$44,495	$119,478	($5,414)	($5,727)	$187,560

CONDENSED_CONSOLIDATED_STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) [Abstract]
Cash dividend on common stock (in dollars per share)	$0.06
Dividend reinvestment (in shares)	7,295
Stock options exercised (in shares)	-1,000
Stock-based compensation (in shares)	46,587

CONDENSED_CONSOLIDATED_STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) [Abstract]
NET INCOME	$4,009	$3,720
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Provision for loan losses	250	250
Depreciation and Amortization	565	604
Stock-based compensation	222	165
Net amortization of premiums	297	293
Originations of mortgage loans for sale	-9,314	-4,061
Proceeds from sale of mortgage loans originated for sale	9,281	4,139
Gain on sale of mortgage loans originated for sale	-144	-93
Gain on sale of portfolio loans	-198	0
Increase in other intangibles	-52	-16
Deferred tax expense (benefit)	99	-78
Increase in accrued interest and loan fees receivable	-806	-881
Decrease in other assets	708	372
Adjustment to unfunded pension liability	-111	-91
Decrease in other liabilities	-3,626	-4,230
Income from bank owned life insurance	-309	-354
Gain on sale of premises and equipment	0	-642
Net gain on sale of securities available for sale	-26	0
Net cash provided by (used in) operating activities	845	-903
CASH FLOWS FROM INVESTING ACTIVITIES
Principal payments on investment securities	1,413	3,854
Proceeds from sale of investment securities - available for sale	531	0
Maturities of investment securities - available for sale	6,705	6,040
Maturities of investment securities - held to maturity	117	315
Purchases of investment securities - held to maturity	0	-2,834
Decrease in Federal Reserve Bank, Federal Home Loan Bank and other stock	1,800	0
Proceeds from sale of portfolio loans	23,986	0
Loan originations - net	-26,810	-60,746
Proceeds from sale of premises and equipment	0	900
Increase in bank owned life insurance	0	-5,000
Purchases of premises and equipment - net	-143	-124
Net cash provided by (used in) investing activities	7,599	-57,595
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposit accounts	35,612	13,373
Net increase in borrowings	-40,000	0
Proceeds from stock options exercised	19	0
Cash dividends paid on common stock	-700	0
Proceeds from shares issued under the dividend reinvestment plan	161	0
Decrease in capital lease payable	-28	-24
Net cash (used in) provided by financing activities	-4,936	13,349
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	3,508	-45,149
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	55,516	132,352
CASH AND CASH EQUIVALENTS, END OF PERIOD	59,024	87,203
SUPPLEMENTAL DATA:
Interest paid	681	637
Income taxes paid	340	329
Investment securities transferred from available for sale to held to maturity	$0	$31,286

FINANCIAL_STATEMENT_PRESENTATI

FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]
FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	1. FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
	Suffolk Bancorp (the “Company”) was incorporated in 1985 as a bank holding company. The Company currently owns all of the outstanding capital stock of Suffolk County National Bank (the “Bank”). The Bank was organized under the national banking laws of the United States in 1890. The Bank formed Suffolk Greenway, Inc. (the “REIT”), a real estate investment trust, and owns 100% of an insurance agency and two corporations used to acquire foreclosed real estate. The insurance agency and the two corporations used to acquire foreclosed real estate are immaterial to the Company’s operations. The unaudited interim condensed consolidated financial statements include the accounts of the Company and the Bank and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. Unless the context otherwise requires, references herein to the Company include the Company and the Bank and subsidiaries on a consolidated basis.

	In the opinion of the Company’s management, the preceding unaudited interim condensed consolidated financial statements contain all adjustments, consisting of normal accruals, necessary for a fair presentation of its condensed consolidated statement of condition as of March 31, 2015, its condensed consolidated statements of income for the three months ended March 31, 2015 and 2014, its condensed consolidated statements of comprehensive income for the three months ended March 31, 2015 and 2014, its condensed consolidated statements of changes in stockholders’ equity for the three months ended March 31, 2015 and 2014 and its condensed consolidated statements of cash flows for the three months ended March 31, 2015 and 2014.

	The preceding unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X, as well as in accordance with predominant practices within the banking industry. They do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results of operations to be expected for the remainder of the year. For further information, please refer to the audited consolidated financial statements and footnotes thereto included in the Company’s 2014 Annual Report on Form 10-K.

	Earnings Per Share - Basic earnings per share is computed based on the weighted average number of common shares and unvested restricted shares outstanding for each period. The Company’s unvested restricted shares are considered participating securities as they contain rights to non-forfeitable dividends and thus they are included in the basic earnings per share computation. Diluted earnings per share include the dilutive effect of additional potential common shares issuable under stock options. In the event a net loss is reported, restricted shares and stock options are excluded from earnings per share computations.

	The reconciliation of basic and diluted weighted average number of common shares outstanding for the three months ended March 31, 2015 and 2014 follows.

		Three Months Ended March 31,
		2015		2014

	Weighted average common shares outstanding		11,602,924		11,573,014
	Weighted average unvested restricted shares		91,503		-
	Weighted average shares for basic earnings per share		11,694,427		11,573,014
	Additional diluted shares:
	Stock options		68,672		58,448
	Weighted average shares for diluted earnings per share		11,763,099		11,631,462


	Loans and Loan Interest Income Recognition – Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of unearned discounts, deferred loan fees and costs. Unearned discounts on installment loans are credited to income using methods that result in a level yield. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the respective term of the loan without anticipating prepayments.

	Interest income is accrued on the unpaid loan principal balance. Recognition of interest income is discontinued when reasonable doubt exists as to whether principal or interest due can be collected. Loans of all classes will generally no longer accrue interest when over 90 days past due unless the loan is well-secured and in process of collection. When a loan is placed on non-accrual status, all interest previously accrued, but not collected, is reversed against current-year interest income. Interest received on such loans is applied against principal or interest, according to management’s judgment as to the collectability of the principal, until qualifying for return to accrual status. Loans may start accruing interest again when they become current as to principal and interest for at least six months, and when, after a well-documented analysis by management, it has been determined that the loans can be collected in full. For all classes of loans, an impaired loan is defined as a loan for which it is probable that the lender will not collect all amounts due under the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties are considered troubled debt restructurings (“TDRs”) and are classified as impaired. Generally, TDRs are initially classified as non-accrual until sufficient time has passed to assess whether the restructured loan will continue to perform. For impaired, accruing loans, interest income is recognized on an accrual basis with cash offsetting the recorded accruals upon receipt.

	Allowance for Loan Losses - The allowance for loan losses is a valuation allowance for probable incurred losses, increased by the provision for loan losses and recoveries, and decreased by loan charge-offs. For all classes of loans, when a loan, in full or in part, is deemed uncollectible, it is charged against the allowance for loan losses. This happens when the loan is past due and the borrower has not shown the ability or intent to make the loan current, or the borrower does not have sufficient assets to pay the debt, or the value of the collateral is less than the balance of the loan and is not considered likely to improve soon. The allowance for loan losses is determined by a quarterly analysis of the loan portfolio. Such analysis includes changes in the size and composition of the portfolio, the Company’s own historical loan losses, industry-wide losses, current and anticipated economic trends, and details about individual loans. It also includes estimates of the actual value of collateral, other possible sources of repayment and estimates that are susceptible to significant changes due to changes in appraisal values of collateral, national and regional economic conditions and other relevant factors. All non-accrual loans over $250 thousand in the commercial and industrial, commercial real estate and real estate construction loan classes and all TDRs are evaluated individually for impairment. All other loans are generally evaluated as homogeneous pools with similar risk characteristics. In assessing the adequacy of the allowance for loan losses, management reviews the loan portfolio by separate classes that have similar risk and collateral characteristics. These classes are commercial and industrial, commercial real estate, multifamily, mixed use commercial, real estate construction, residential mortgages, home equity and consumer loans.

	The allowance for loan losses consists of specific and general components, as well as an unallocated component. The specific component relates to loans that are individually classified as impaired. Specific reserves are established based on an analysis of the most probable sources of repayment or liquidation of collateral. Impaired loans that are collateral dependent are reviewed based on the fair market value of collateral and the estimated time required to recover the Company’s investment in the loans, as well as the cost of doing so, and the estimate of the recovery. Non-collateral dependent impaired loans are reviewed based on the present value of estimated future cash flows, including balloon payments, if any, using the loan’s effective interest rate. While every impaired loan is evaluated individually, not every loan requires a specific reserve. Specific reserves fluctuate based on changes in the underlying loans, anticipated sources of repayment, and charge-offs. The general component covers non-impaired loans and is based on historical loss experience for each loan class from a rolling twelve quarter period and modifying those percentages, if necessary, after adjusting for current qualitative and environmental factors that reflect changes in the estimated collectability of the loan class not captured by historical loss data. These factors augment actual loss experience and help estimate the probability of loss within the loan portfolio based on emerging or inherent risk trends. These qualitative factors are applied as an adjustment to historical loss rates and require judgments that cannot be subjected to exact mathematical calculation. These adjustments reflect management’s overall estimate of the extent to which current losses on a pool of loans will differ from historical loss experience. These adjustments are subjective estimates and management reviews them on a quarterly basis. TDRs are also considered impaired with impairment generally measured at the present value of estimated future cash flows using the loan’s effective interest rate at inception or using the fair value of collateral, less estimated costs to sell, if repayment is expected solely from the collateral. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio.

	Loans Held For Sale – Loans held for sale are carried at the lower of aggregate cost or fair value, based on observable inputs in the secondary market. Changes in fair value of loans held for sale are recognized in earnings.

	Bank Owned Life Insurance – Bank owned life insurance is recorded at the lower of the cash surrender value or the amount that can be realized under the insurance policy and is included as an asset in the consolidated statements of condition. Changes in the cash surrender value and insurance benefit payments are recorded in non-interest income in the consolidated statements of income.

	Derivatives - Derivatives are contracts between counterparties that specify conditions under which settlements are to be made. The only derivatives held by the Company are swap contracts with the purchaser of its Visa Class B shares. The Company records its derivatives on the consolidated statements of condition at fair value. The Company’s derivatives do not qualify for hedge accounting. As a result, changes in fair value are recognized in earnings in the period in which they occur. (See also Note 3. Investment Securities contained herein.)

	Recent Accounting Guidance – In January 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20), “Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items,” as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). This ASU eliminates from U.S. GAAP the concept of extraordinary items. Eliminating the concept of extraordinary items will save time and reduce costs for preparers because they will not have to assess whether a particular event or transaction event is extraordinary (even if they ultimately would conclude it is not). This also alleviates uncertainty for preparers, auditors, and regulators because auditors and regulators no longer will need to evaluate whether a preparer treated an unusual and/or infrequent item appropriately. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. Management intends to adopt ASU 2015-01 on January 1, 2016 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements.

	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), “Revenue from Contracts with Customers,” which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of the ASU is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. The ASU defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The ASU is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting the ASU recognized at the date of adoption (which includes additional footnote disclosures). The Company has not yet determined the method by which it will adopt ASU 2014-09 in 2017 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements. On April 2, 2015, the FASB decided to propose a one-year delay of the effective date for the new revenue recognition standard. If the proposal is finalized, the revenue recognition standard would take effect in 2018 for calendar year-end public entities. The proposal is expected to be released soon with a 30 day comment period.

	In January 2014, the FASB issued ASU 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Topic 310), “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” to clarify when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The ASU requires interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. The Company’s adoption of ASU 2014-04 on January 1, 2015 did not have a material effect on the Company’s consolidated financial statements.

	Reclassifications — Certain reclassifications have been made to prior period information in order to conform to the current period’s presentation. Such reclassifications had no impact on the Company’s consolidated results of operations or financial condition.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI")	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI")	Mar. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI") [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI")	2. ACCUMULATED OTHER COMPREHENSIVE INCOME (“AOCI”)
	The changes in the Company’s AOCI by component, net of tax, for the three months ended March 31, 2015 and 2014 follow (in thousands).

		Three Months Ended March 31, 2015
		Unrealized Gains and			Unrealized Losses on				Pension and Post-			Total
		Losses on Available			Securities Transferred				Retirement Plan
		for Sale Securities			from Available for				Items
					Sale to Held to
					Maturity
	Beginning balance	$	2,637		$	(1,805	)		$	(7,675	)	$	(6,843	)
	Other comprehensive income before reclassifications		1,091			-				-			1,091
	Amounts reclassified from AOCI		(16	)		41				-			25
	Net other comprehensive income		1,075			41				-			1,116
	Ending balance	$	3,712		$	(1,764	)		$	(7,675	)	$	(5,727	)

		Three Months Ended March 31, 2014
		Unrealized Gains and			Unrealized Losses on				Pension and Post-			Total
		Losses on Available			Securities Transferred				Retirement Plan
		for Sale Securities			from Available for				Items
					Sale to Held to
					Maturity
	Beginning balance	$	(4,095	)	$	-			$	(3,194	)	$	(7,289	)
	Other comprehensive income (loss) before reclassifications		4,700			(1,633	)			-			3,067
	Amounts reclassified from AOCI		-			21				-			21
	Net other comprehensive income (loss)		4,700			(1,612	)			-			3,088
	Ending balance	$	605		$	(1,612	)		$	(3,194	)	$	(4,201	)

	The table below presents reclassifications out of AOCI for the three months ended March 31, 2015 and 2014 (in thousands).

		Amount Reclassified from AOCI
		Three Months Ended March 31,						Affected Line Item in the Statement
	Details about AOCI Components	2015			2014			Where Net Income is Presented
	Unrealized gains and losses on available for sale securities	$	26		$	-		Net gain on sale of securities available for sale

	Unrealized losses on securities transferred from available for sale to held to maturity		(68	)		(33	)	Interest income - U.S. Government agency obligations

			17			12		Income tax expense

	Total reclassifications, net of tax	$	(25	)	$	(21	)

INVESTMENT_SECURITIES

INVESTMENT SECURITIES	3 Months Ended
INVESTMENT SECURITIES	Mar. 31, 2015
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES
	At the time of purchase of a security, the Company designates the security as either available for sale or held to maturity, depending upon investment objectives, liquidity needs and intent. Securities held to maturity are stated at cost, adjusted for premium amortized or discount accreted, if any. The Company has the positive intent and ability to hold such securities to maturity. Securities available for sale are stated at estimated fair value. Unrealized gains and losses are excluded from income and reported net of tax in AOCI as a separate component of stockholders’ equity until realized. Changes in unrealized gains and losses are reported, net of tax, in the consolidated statements of comprehensive income. Interest earned on securities is included in interest income. Realized gains and losses on the sale of securities are reported in the consolidated statements of income and determined using the adjusted cost of the specific security sold.

	During the full year of 2014, investment securities with a fair value of $48 million and unrealized loss of $3.2 million were transferred from available for sale to held to maturity. In accordance with U.S. GAAP, the securities were transferred at fair value, which became the amortized cost. The discount will be accreted to interest income over the remaining life of the security. The unrealized holding losses at the date of transfer remained in AOCI and will be amortized simultaneously against interest income. Those entries will offset or mitigate each other.

	The amortized cost, fair value and gross unrealized gains and losses of the Company’s investment securities available for sale and held to maturity at March 31, 2015 and December 31, 2014 were as follows (in thousands):

			31-Mar-15															31-Dec-14
			Amortized			Gross				Gross				Fair				Amortized			Gross			Gross			Fair
			Cost			Unrealized				Unrealized				Value				Cost			Unrealized			Unrealized			Value
						Gains				Losses											Gains			Losses
	Available for sale:
	U.S. Government agency securities		$	38,974		$	8			$	(273	)		$	38,709			$	42,474		$	-		$	(897	)	$	41,577
	Obligations of states and political subdivisions			127,440			6,484				-				133,924				131,300			6,469			-			137,769
	Collateralized mortgage obligations			21,470			273				(352	)			21,391				22,105			423			(531	)		21,997
	Mortgage-backed securities			91,211			388				(515	)			91,084				92,095			88			(1,264	)		90,919
	Corporate bonds			6,324			142				(17	)			6,449				6,336			90			(18	)		6,408
	Total available for sale securities			285,419			7,295				(1,157	)			291,557				294,310			7,070			(2,710	)		298,670
	Held to maturity:
	U.S. Government agency securities			48,433			2,431				-				50,864				48,365			1,717			-			50,082
	Obligations of states and political subdivisions			13,758			792				-				14,550				13,905			809			-			14,714
	Total held to maturity securities			62,191			3,223				-				65,414				62,270			2,526			-			64,796
	Total investment securities		$	347,610		$	10,518			$	(1,157	)		$	356,971			$	356,580		$	9,596		$	(2,710	)	$	363,466

	At March 31, 2015 and December 31, 2014, investment securities carried at $246 million and $245 million, respectively, were pledged for public funds on deposit and as collateral for the Company’s derivative swap contracts.

	The amortized cost, contractual maturities and fair value of the Company’s investment securities at March 31, 2015 (in thousands) are presented in the table below. Collateralized mortgage obligations (“CMOs”) and mortgage-backed securities (“MBS”) assume maturity dates pursuant to average lives.

			31-Mar-15
			Amortized			Fair
			Cost			Value
	Securities available for sale:
	Due in one year or less		$	28,100		$	28,595
	Due from one to five years			143,494			147,769
	Due from five to ten years			113,825			115,193
	Total securities available for sale			285,419			291,557
	Securities held to maturity:
	Due in one year or less			1,630			1,644
	Due from one to five years			5,392			5,792
	Due from five to ten years			32,073			33,256
	Due after ten years			23,096			24,722
	Total securities held to maturity			62,191			65,414
	Total investment securities		$	347,610		$	356,971

	The proceeds from sales of securities available for sale and the associated realized gains and losses are shown below for the periods indicated (in thousands). Realized gains are also inclusive of gains on called securities.

			Three Months Ended March 31,
			2015			2014

	Proceeds		$	531		$	-

	Gross realized gains		$	26		$	-
	Gross realized losses			-			-
	Net realized gains		$	26		$	-

	Information pertaining to securities with unrealized losses at March 31, 2015 and December 31, 2014, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows (in thousands):

			Less than 12 months							12 months or longer								Total
	31-Mar-15		Fair			Unrealized				Fair				Unrealized				Fair			Unrealized
	31-Mar-15		Value			Losses				Value				Losses				Value			Losses
	U.S. Government agency securities		$	13,919		$	(60	)		$	19,787			$	(213	)		$	33,706		$	(273	)
	Collateralized mortgage obligations			-			-				8,476				(352	)			8,476			(352	)
	Mortgage-backed securities			20,712			(115	)			27,159				(400	)			47,871			(515	)
	Corporate bonds			-			-				2,983				(17	)			2,983			(17	)
Total		$	34,631		$	(175	)		$	58,405			$	(982	)		$	93,036		$	(1,157	)

		Less than 12 months							12 months or longer								Total
31-Dec-14		Fair			Unrealized				Fair				Unrealized				Fair			Unrealized
31-Dec-14		Value			Losses				Value				Losses				Value			Losses
U.S. Government agency securities		$	-		$	-			$	41,577			$	(897	)		$	41,577		$	(897	)
Collateralized mortgage obligations			-			-				8,417				(531	)			8,417			(531	)
Mortgage-backed securities			-			-				81,510				(1,264	)			81,510			(1,264	)
Corporate bonds			-			-				2,982				(18	)			2,982			(18	)
Total		$	-		$	-			$	134,486			$	(2,710	)		$	134,486		$	(2,710	)

The corporate bonds with unrealized losses for twelve months or longer at March 31, 2015 in the table above carry investment grade ratings by all major credit rating agencies including both Moody’s and Standard & Poor’s. The unrealized losses on these bonds were a result of the current interest rate environment and the corresponding shape of the yield curve. The losses were not related to a deterioration of the quality of the issuer or any company-specific adverse events. All other securities with unrealized losses for twelve months or longer at March 31, 2015 are issued or guaranteed by U.S. Government agencies or sponsored enterprises and the related unrealized losses resulted solely from the current interest rate environment and the corresponding shape of the yield curve. The Company does not intend to sell and it is not more likely than not that the Company will be required to sell these securities prior to their recovery to a level equal to or greater than amortized cost. Management has determined that no other-than-temporary impairment (“OTTI”) was present at March 31, 2015.

The Bank was a member of the Visa USA payment network and was issued Class B shares upon Visa’s initial public offering in March 2008. The Visa Class B shares are transferable only under limited circumstances until they can be converted into shares of the publicly traded class of stock. This conversion cannot happen until the settlement of certain litigation, which is indemnified by Visa members. Since its initial public offering, Visa has funded a litigation reserve based upon a change in the conversion ratio of Visa Class B shares into Visa Class A shares. At its discretion, Visa may continue to increase the conversion rate in connection with any settlements in excess of amounts then in escrow for that purpose and reduce the conversion rate to the extent that it adds any funds to the escrow in the future. Based on the existing transfer restriction and the uncertainty of the litigation, the Company has recorded its Visa Class B shares on its balance sheet at zero value.

During 2013, the Bank sold 100,000 Visa Class B shares to another Visa USA member financial institution at a gross pre-tax gain of approximately $7.8 million which was recorded in non-interest income in the Company’s statement of income. In conjunction with the sale, the Company entered into derivative swap contracts with the purchaser of these Visa Class B shares which provide for settlements between the purchaser and the Company based upon a change in the conversion ratio of Visa Class B shares into Visa Class A shares.

In the fourth quarter of 2014, the Bank received notification of a change in the conversion ratio of Visa Class B shares into Visa Class A shares and was required to make a payment of $180 thousand to the purchaser of the Visa Class B shares it sold in 2013. The Company’s recorded liability representing the fair value of the derivative was $752 thousand at March 31, 2015 and December 31, 2014.

The present value of estimated future fees to be paid to the derivative counterparty, or carrying costs, calculated by reference to the market price of the Visa Class A shares at a fixed rate of interest are expensed as incurred. For the three months ended March 31, 2015 and 2014, $70 thousand and $59 thousand, respectively, in such carrying costs was expensed. The Company has pledged U.S. Government agency securities held in its available for sale portfolio, with a market value of approximately $3 million at March 31, 2015, as collateral for the derivative swap contracts.

Subjectivity has been used in estimating the fair value of both the derivative liability and the associated fees, but management believes that these fair value estimates are adequate based on available information. However, future developments in the litigation could require potentially significant changes to these estimates.

At March 31, 2015, the Company still owned 38,638 Visa Class B shares subsequent to the sales described here. Upon termination of the existing transfer restriction and settlement of the litigation, and to the extent that the Company continues to own such Visa Class B shares in the future, the Company expects to record its Visa Class B shares at fair value.

LOANS

LOANS	3 Months Ended
LOANS	Mar. 31, 2015
LOANS [Abstract]
LOANS	4. LOANS
	At March 31, 2015 and December 31, 2014, net loans disaggregated by class consisted of the following (in thousands):

			31-Mar-15				31-Dec-14
	Commercial and industrial		$	178,812			$	177,813
	Commercial real estate			579,873				560,524
	Multifamily			322,229				309,666
	Mixed use commercial			35,333				34,806
	Real estate construction			24,608				26,206
	Residential mortgages			184,977				187,828
	Home equity			49,440				50,982
	Consumer			6,888				7,602
	Gross loans			1,382,160				1,355,427
	Allowance for loan losses			(19,325	)			(19,200	)
	Net loans at end of period		$	1,362,835			$	1,336,227

	The following summarizes the activity in the allowance for loan losses disaggregated by class for the periods indicated (in thousands).

			Three Months Ended March 31, 2015																		Three Months Ended March 31, 2014
			Balance at				Charge-offs				Recoveries			Provision				Balance at			Balance at			Charge-offs				Recoveries		(Credit)			Balance at
			beginning of											(credit) for				end of			beginning of									provision			end of
			period											loan losses				period			period									for loan			period
																														losses
	Commercial and industrial		$	1,560			$	(492	)		$	343		$	587			$	1,998		$	2,615		$	(115	)		$	293	$	(312	)	$	2,481
	Commercial real estate			6,777				-				7			568				7,352			6,572			-				12		624			7,208
	Multifamily			4,018				-				-			449				4,467			2,159			-				-		481			2,640
	Mixed use commercial			261				-				-			12				273			54			-				-		33			87
	Real estate construction			383				-				-			(23	)			360			88			-				-		129			217
	Residential mortgages			3,027				-				11			(420	)			2,618			2,463			-				4		160			2,627
	Home equity			709				-				2			17				728			745			-				27		(54	)		718
	Consumer			166				(1	)			5			(15	)			155			241			(2	)			5		(58	)		186
	Unallocated			2,299				-				-			(925	)			1,374			2,326			-				-		(753	)		1,573
	Total		$	19,200			$	(493	)		$	368		$	250			$	19,325		$	17,263		$	(117	)		$	341	$	250		$	17,737

	Factors considered by management in determining loan impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

	The general component of the allowance covers non-impaired loans and is based on historical loss experience, adjusted for qualitative factors. These qualitative factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures and practices; experience, ability, and depth of lending management and other relevant staff; local, regional and national economic trends and conditions; industry conditions; and effects of changes in credit concentrations.

	At March 31, 2015 and December 31, 2014, the ending balance in the allowance for loan losses disaggregated by class and impairment methodology is as follows (in thousands). Also in the tables below are total loans at March 31, 2015 and December 31, 2014 disaggregated by class and impairment methodology (in thousands).

			Allowance for Loan Losses											Loan Balances
	31-Mar-15		Individually evaluated for impairment				Collectively evaluated for impairment				Ending balance			Individually evaluated for impairment				Collectively evaluated for impairment			Ending balance
	Commercial and industrial		$	10			$	1,988			$	1,998		$	3,764			$	175,048		$	178,812
	Commercial real estate			-				7,352				7,352			10,302				569,571			579,873
	Multifamily			-				4,467				4,467			-				322,229			322,229
	Mixed use commercial			-				273				273			-				35,333			35,333
	Real estate construction			-				360				360			-				24,608			24,608
	Residential mortgages			771				1,847				2,618			5,651				179,326			184,977
	Home equity			159				569				728			1,670				47,770			49,440
	Consumer			88				67				155			398				6,490			6,888
	Unallocated			-				1,374				1,374			-				-			-
	Total		$	1,028			$	18,297			$	19,325		$	21,785			$	1,360,375		$	1,382,160

			Allowance for Loan Losses											Loan Balances
	31-Dec-14		Individually evaluated for impairment				Collectively evaluated for impairment				Ending balance			Individually evaluated for impairment				Collectively evaluated for impairment			Ending balance
	Commercial and industrial		$	16			$	1,544			$	1,560		$	4,889			$	172,924		$	177,813
	Commercial real estate			-				6,777				6,777			10,214				550,310			560,524
	Multifamily			-				4,018				4,018			-				309,666			309,666
	Mixed use commercial			-				261				261			-				34,806			34,806
	Real estate construction			-				383				383			-				26,206			26,206
	Residential mortgages			809				2,218				3,027			5,422				182,406			187,828
	Home equity			92				617				709			1,567				49,415			50,982
	Consumer			88				78				166			323				7,279			7,602
	Unallocated			-				2,299				2,299			-				-			-
Total		$	1,005			$	18,195			$	19,200		$	22,415			$	1,333,012		$	1,355,427

The following table presents the Company’s impaired loans disaggregated by class at March 31, 2015 and December 31, 2014 (in thousands).
		31-Mar-15											31-Dec-14
		Unpaid Principal Balance				Recorded Balance				Allowance Allocated			Unpaid Principal Balance				Recorded Balance			Allowance Allocated
With no allowance recorded:
Commercial and industrial		$	3,723			$	3,723			$	-		$	4,833			$	4,833		$	-
Commercial real estate			10,721				10,302				-			10,632				10,214			-
Residential mortgages			1,919				1,773				-			1,645				1,516			-
Home equity			1,407				1,407				-			1,377				1,377			-
Consumer			214				214				-			137				137			-
Subtotal			17,984				17,419				-			18,624				18,077			-

With an allowance recorded:
Commercial and industrial			42				41				10			57				56			16
Residential mortgages			3,877				3,878				771			3,906				3,906			809
Home equity			400				263				159			326				190			92
Consumer			182				184				88			185				186			88
Subtotal			4,501				4,366				1,028			4,474				4,338			1,005
Total		$	22,485			$	21,785			$	1,028		$	23,098			$	22,415		$	1,005

The following table presents the Company’s average recorded investment in impaired loans and the related interest income recognized disaggregated by class for the three months ended March 31, 2015 and 2014 (in thousands). No interest income was recognized on a cash basis on impaired loans for any of the periods presented. The interest income recognized on accruing impaired loans is shown in the following table.

		Three Months Ended March 31,
		2015								2014
		Average recorded				Interest income				Average recorded			Interest income
		investment in				recognized on				investment in			recognized on
		impaired loans				impaired loans				impaired loans			impaired loans
Commercial and industrial		$	4,551			$	33			$	7,567		$	107
Commercial real estate			10,208				50				11,558			99
Residential mortgages			5,411				38				5,036			36
Home equity			1,662				13				771			17
Consumer			383				3				170			2
Total		$	22,215			$	137			$	25,102		$	261

TDRs are modifications or renewals where the Company has granted a concession to a borrower in financial distress. The Company reviews all modifications and renewals for determination of TDR status. The Company allocated $745 thousand and $790 thousand of specific reserves to customers whose loan terms have been modified as TDRs as of March 31, 2015 and December 31, 2014, respectively. These loans involved the restructuring of terms to allow customers to mitigate the risk of default by meeting a lower payment requirement based upon their current cash flow. These may also include loans that renewed at existing contractual rates, but below market rates for comparable credit.

A total of $45 thousand and $100 thousand were committed to be advanced in connection with TDRs as of March 31, 2015 and December 31, 2014, respectively, representing the amount the Company is legally required to advance under existing loan agreements. These loans are not in default under the terms of the loan agreements and are accruing interest. It is the Company’s policy to evaluate advances on such loans on a case by case basis. Absent a legal obligation to advance pursuant to the terms of the loan agreement, the Company generally will not advance funds for which it has outstanding commitments, but may do so in certain circumstances.

Outstanding TDRs, disaggregated by class, at March 31, 2015 and December 31, 2014 are as follows (dollars in thousands):
		31-Mar-15								31-Dec-14
TDRs Outstanding		Number of Loans				Outstanding Recorded Balance				Number of Loans			Outstanding Recorded Balance
Commercial and industrial			30			$	2,721				31		$	3,683
Commercial real estate			8				10,057				8			10,179
Residential mortgages			21				4,478				19			4,314
Home equity			5				1,208				5			1,216
Consumer			7				277				7			281
Total			71			$	18,741				70		$	19,673

The following presents, disaggregated by class, information regarding TDRs executed during the three months ended March 31, 2015 and 2014 (dollars in thousands):

		Three Months Ended March 31,
		2015											2014
New TDRs		Number				Pre-Modification				Post-Modification			Number				Pre-Modification			Post-Modification
		of				Outstanding				Outstanding			of				Outstanding			Outstanding
		Loans				Recorded				Recorded			Loans				Recorded			Recorded
						Balance				Balance							Balance			Balance
Commercial and industrial			1			$	12			$	12			3			$	377		$	377
Residential mortgages			2				194				199			-				-			-
Total			3			$	206			$	211			3			$	377		$	377

Presented below and disaggregated by class is information regarding loans modified as TDRs that had payment defaults of 90 days or more within twelve months of restructuring during the three months ended March 31, 2015 and 2014 (dollars in thousands).

		Three Months Ended March 31,
		2015								2014
Defaulted TDRs		Number				Outstanding				Number			Outstanding
		of Loans				Recorded				of Loans			Recorded
						Balance							Balance
Commercial real estate			-			$	-				2		$	1,596
Total			-			$	-				2		$	1,596

Not all loan modifications are TDRs. In some cases, the Company might provide a concession, such as a reduction in interest rate, but the borrower is not experiencing financial distress. This could be the case if the Company is matching a competitor’s interest rate.

The following table presents a summary of non-performing assets for each period (in thousands):

		31-Mar-15				31-Dec-14
Non-accrual loans		$	12,292			$	12,981
Non-accrual loans held for sale			-				-
Loans 90 days past due and still accruing			-				-
OREO			-				-
Total non-performing assets		$	12,292			$	12,981
TDRs accruing interest		$	9,418			$	9,380
TDRs non-accruing		$	9,323			$	10,293

At March 31, 2015 and December 31, 2014, non-accrual loans disaggregated by class were as follows (dollars in thousands):

		31-Mar-15															31-Dec-14
		Non-accrual loans				% of				Total Loans			% of Total Loans				Non-accrual loans			% of			Total Loans				% of Total Loans
		Non-accrual loans				Total				Total Loans			% of Total Loans				Non-accrual loans			Total			Total Loans				% of Total Loans
Commercial and industrial		$	3,035				24.7	%		$	178,812			0.2	%		$	4,060			31.3	%	$	177,813				0.3	%
Commercial real estate			6,647				54.1				579,873			0.5				6,556			50.5			560,524				0.5
Multifamily			-				-				322,229			-				-			-			309,666				-
Mixed use commercial			-				-				35,333			-				-			-			34,806				-
Real estate construction			-				-				24,608			-				-			-			26,206				-
Residential mortgages			2,074				16.9				184,977			0.2				2,020			15.6			187,828				0.1
Home equity			414				3.3				49,440			-				303			2.3			50,982				0.1
Consumer			122				1				6,888			-				42			0.3			7,602				-
Total		$	12,292				100	%		$	1,382,160			0.9	%		$	12,981			100	%	$	1,355,427				1	%

Additional interest income of approximately $180 thousand and $494 thousand would have been recorded during the three months ended March 31, 2015 and 2014, respectively, if non-accrual loans had performed in accordance with their original terms.

At March 31, 2015 and December 31, 2014, past due loans disaggregated by class were as follows (in thousands).

		Past Due
31-Mar-15		30 - 59 days				60 - 89 days				90 days and over			Total				Current			Total
Commercial and industrial		$	8			$	379			$	3,035		$	3,422			$	175,390		$	178,812
Commercial real estate			-				-				6,647			6,647				573,226			579,873
Multifamily			-				-				-			-				322,229			322,229
Mixed use commercial			-				-				-			-				35,333			35,333
Real estate construction			-				-				-			-				24,608			24,608
Residential mortgages			505				-				2,074			2,579				182,398			184,977
Home equity			199				-				414			613				48,827			49,440
Consumer			10				-				122			132				6,756			6,888
Total		$	722			$	379			$	12,292		$	13,393			$	1,368,767		$	1,382,160
% of Total Loans			0.1	%			0	%			0.9	%		1	%			99	%		100	%

		Past Due
31-Dec-14		30 - 59 days				60 - 89 days				90 days and over			Total				Current			Total
Commercial and industrial		$	52			$	241			$	4,060		$	4,353			$	173,460		$	177,813
Commercial real estate			-				-				6,556			6,556				553,968			560,524
Multifamily			-				-				-			-				309,666			309,666
Mixed use commercial			-				-				-			-				34,806			34,806
Real estate construction			-				-				-			-				26,206			26,206
Residential mortgages			822				-				2,020			2,842				184,986			187,828
Home equity			-				112				303			415				50,567			50,982
Consumer			59				77				42			178				7,424			7,602
Total		$	933			$	430			$	12,981		$	14,344			$	1,341,083		$	1,355,427
% of Total Loans			0.1	%			0	%			1	%		1.1	%			98.9	%		100	%

The Bank utilizes an eight-grade risk-rating system for commercial and industrial loans, commercial real estate and construction loans. Loans in risk grades 1- 4 are considered pass loans. The Bank’s risk grades are as follows:

Risk Grade 1, Excellent - Loans secured by liquid collateral such as certificates of deposit, reputable bank letters of credit, or other cash equivalents; loans that are guaranteed or otherwise backed by the full faith and credit of the United States government or an agency thereof, such as the Small Business Administration; or loans to any publicly held company with a current long-term debt rating of A or better.

Risk Grade 2, Good - Loans to businesses that have strong financial statements containing an unqualified opinion from a CPA firm and at least three consecutive years of profits; loans supported by un-audited financial statements containing strong balance sheets, five consecutive years of profits, a five-year satisfactory relationship with the Bank, and key balance sheet and income statement trends that are either stable or positive; loans secured by publicly traded marketable securities where there is no impediment to liquidation; loans to individuals backed by liquid personal assets, established credit history, and unquestionable character; or loans to publicly held companies with current long-term debt ratings of Baa or better.

Risk Grade 3, Satisfactory - Loans supported by financial statements (audited or un-audited) that indicate average or slightly below average risk and having some deficiency or vulnerability to changing economic conditions; loans with some weakness but offsetting features of other support are readily available; loans that are meeting the terms of repayment, but which may be susceptible to deterioration if adverse factors are encountered. Loans may be graded Satisfactory when there is no recent information on which to base a current risk evaluation and the following conditions apply:

	·	At inception, the loan was properly underwritten, did not possess an unwarranted level of credit risk, and the loan met the above criteria for a risk grade of Excellent, Good, or Satisfactory.

	·	At inception, the loan was secured with collateral possessing a loan value adequate to protect the Bank from loss.

	·	The loan has exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance.

	·	During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants or the borrower is in an industry known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk grade may be warranted.

Risk Grade 4, Satisfactory/Monitored - Loans in this category are considered to be of acceptable credit quality, but contain greater credit risk than satisfactory loans due to weak balance sheets, marginal earnings or cash flow, or other uncertainties. These loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in a Satisfactory/Monitored loan is within acceptable underwriting guidelines so long as the loan is given the proper level of management supervision.

Risk Grade 5, Special Mention - Loans in this category possess 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 institution’s credit position at some future date. Special Mention loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. The key distinctions of a Special Mention classification are that (1) it is indicative of an unwarranted level of risk and (2) weaknesses are considered potential not defined impairments to the primary source of repayment.

Risk Grade 6, Substandard - One or more of the following characteristics may be exhibited in loans classified Substandard:

	·	Loans which possess a defined credit weakness. The likelihood that a loan will be paid from the primary source of repayment is uncertain. Financial deterioration is under way and very close attention is warranted to ensure that the loan is collected without loss.

	·	Loans are inadequately protected by the current net worth and paying capacity of the obligor.

	·	The primary source of repayment is gone, and the Bank is forced to rely on a secondary source of repayment, such as collateral liquidation or guarantees.

	·	Loans have a distinct possibility that the Bank will sustain some loss if deficiencies are not corrected.

	·	Unusual courses of action are needed to maintain a high probability of repayment.

	·	The borrower is not generating enough cash flow to repay loan principal; however, it continues to make interest payments.

	·	The lender is forced into a subordinated or unsecured position due to flaws in documentation.

	·	Loans have been restructured so that payment schedules, terms, and collateral represent concessions to the borrower when compared to the normal loan terms.

	·	The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan.

	·	There is a significant deterioration in market conditions to which the borrower is highly vulnerable.

Risk Grade 7, Doubtful - One or more of the following characteristics may be present in loans classified Doubtful:

	·	Loans have all of the weaknesses of those classified as Substandard. However, based on existing conditions, these weaknesses make full collection of principal highly improbable.

	·	The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment.

	·	The possibility of loss is high but because of certain important pending factors which may strengthen the loan, loss classification is deferred until the exact status of repayment is known.

Risk Grade 8, Loss - Loans are considered uncollectible and of such little value that continuing to carry them as assets is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future.

The Bank annually reviews the ratings on all loans greater than $500 thousand. Semi-annually, the Bank engages an independent third-party to review a significant portion of loans within the commercial and industrial, commercial real estate and real estate construction loan classes. Management uses the results of these reviews as part of its ongoing review process.

The following presents the Company’s loan portfolio credit risk profile by internally assigned grade disaggregated by class of loan at March 31, 2015 and December 31, 2014 (in thousands).

		31-Mar-15															31-Dec-14
		Grade															Grade
		Pass				Special mention				Substandard			Total				Pass			Special mention			Substandard				Total
Commercial and industrial		$	165,527			$	3,543			$	9,742		$	178,812			$	167,922		$	1,225		$	8,666			$	177,813
Commercial real estate			553,861				15,395				10,617			579,873				536,536			9,182			14,806				560,524
Multifamily			322,229				-				-			322,229				309,666			-			-				309,666
Mixed use commercial			35,313				-				20			35,333				34,806			-			-				34,806
Real estate construction			24,608				-				-			24,608				26,206			-			-				26,206
Residential mortgages			181,809				-				3,168			184,977				183,263			-			4,565				187,828
Home equity			48,021				-				1,419			49,440				49,569			-			1,413				50,982
Consumer			6,766				-				122			6,888				7,279			-			323				7,602
Total		$	1,338,134			$	18,938			$	25,088		$	1,382,160			$	1,315,247		$	10,407		$	29,773			$	1,355,427
% of Total			96.8	%			1.4	%			1.8	%		100	%			97	%		0.8	%		2.2	%			100	%

EMPLOYEE_BENEFITS

EMPLOYEE BENEFITS	3 Months Ended
EMPLOYEE BENEFITS	Mar. 31, 2015
EMPLOYEE BENEFITS [Abstract]
EMPLOYEE BENEFITS	5. EMPLOYEE BENEFITS

	Retirement Plan - The Company’s retirement plan is noncontributory and covers substantially all eligible employees. The plan conforms to the provisions of the Employee Retirement Income Security Act of 1974, as amended, and the Pension Protection Act of 2006, which requires certain funding rules for defined benefit plans. The Company’s policy is to accrue for all pension costs and to fund the maximum amount allowable for tax purposes. Actuarial gains and losses that arise from changes in assumptions concerning future events are amortized over a period that reflects the long-term nature of pension expense used in estimating pension costs. On December 31, 2012, the Company’s retirement plan was frozen such that no additional pension benefits would accumulate. For the three months ended March 31, 2015 and 2014, the Company’s net periodic pension credit was $111 thousand and $91 thousand, respectively.

	In December 2014, the Company made an optional contribution of $1 million for the plan year ended September 30, 2015. No minimum contribution was required. The Company does not presently expect to contribute to its pension plan in 2015.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
STOCK-BASED COMPENSATION	Mar. 31, 2015
STOCK-BASED COMPENSATION [Abstract]
STOCK-BASED COMPENSATION	6. STOCK-BASED COMPENSATION
	Stock Options
	Under the terms of the Company’s stock option plans adopted in 1999 and 2009, options have been granted to key employees and directors to purchase shares of the Company’s stock. Options are awarded by the Compensation Committee of the Board of Directors. Both plans provide that the option price shall not be less than the fair value of the common stock on the date the option is granted. All options are exercisable for a period of ten years or less.

	No options were granted in 2015 or 2014. Options granted in 2013 and 2012 are exercisable over a three-year period commencing one year from the date of grant at a rate of one-third per year. Options granted in 2011 are exercisable over a three-year period commencing three years from the date of grant at a rate of one-third per year.

	The total intrinsic value of options exercised during the first three months of 2015 was $6 thousand. The total cash received from such option exercises was $19 thousand, excluding the tax benefit realized. In exercising those options, 1,000 shares of the Company’s common stock were issued. No stock options were exercised during the first three months of 2014.

	Both plans provide for but do not require the grant of stock appreciation rights (“SARs”) that the holder may exercise instead of the underlying option. At March 31, 2015, there were 6,000 SARs outstanding related to options granted before 2011. The SARs had no intrinsic value at March 31, 2015. When the SAR is exercised, the underlying option is canceled. The optionee receives shares of common stock or cash with a fair market value equal to the excess of the fair value of the shares subject to the option at the time of exercise (or the portion thereof so exercised) over the aggregate option price of the shares set forth in the option agreement. The exercise of SARs is treated as the exercise of the underlying option.

	A summary of stock option activity follows:

			Number				Weighted-Average
			of Shares				Exercise Price
							Per Share
	Outstanding, January 1, 2015			251,100			$	16.33
	Granted			-				-
	Exercised			(1,000	)		$	18.18
	Forfeited or expired			(10,000	)		$	22.84
	Outstanding, March 31, 2015			240,100			$	16.06

	The following summarizes shares subject to purchase from stock options outstanding and exercisable as of March 31, 2015:

					Outstanding						Exercisable
	Range of				Shares			Weighted-Average	Weighted-Average		Shares		Weighted-Average	Weighted-Average
	Exercise Prices							Remaining	Exercise Price				Remaining	Exercise Price
								Contractual Life					Contractual Life
	$	10.00 - $14.00				120,000		6.9 years	$	11.97		83,334	6.9 years	$	12.45
	$	14.01 - $20.00				98,100		8.3 years	$	17.47		42,438	8.2 years	$	16.73
	$	20.01 - $30.00				5,000		3.8 years	$	28.3		5,000	3.8 years	$	28.3
	$	30.01 - $40.00				17,000		1.8 years	$	33.12		17,000	1.8 years	$	33.12
						240,100		7.0 years	$	16.06		147,772	6.6 years	$	16.59

	Restricted Stock Awards
	Under the Company’s Amended and Restated 2009 Stock Incentive Plan (the “2009 Plan”), the Company can award options, SARs and restricted stock. During the first three months of 2015, the Company awarded 51,562 shares of restricted stock to certain key employees. Generally, the restricted stock awards currently outstanding vest over a three-year period commencing one year from the date of grant at a rate of one-third per year. A summary of restricted stock activity follows:
			Number				Weighted-Average
			of Shares				Grant-Date
							Fair Value
	Nonvested, January 1, 2015			72,350			$	22.51
	Granted			51,562			$	22.76
	Vested			-				-
	Forfeited or expired			(4,975	)		$	22.52
	Nonvested, March 31, 2015			118,937			$	22.62

	The Company recognizes compensation expense for the fair value of stock options and restricted stock on a straight line basis over the requisite service period of the grants. Compensation expense related to stock-based compensation amounted to $222 thousand and $165 thousand for the three months ended March 31, 2015 and 2014, respectively. The remaining unrecognized compensation cost of approximately $211 thousand and $2.1 million at March 31, 2015 related to stock options and restricted stock, respectively, will be expensed over the remaining weighted average vesting period of approximately 1.5 years and 2.4 years, respectively.

	Under the 2009 Plan, a total of 500,000 shares of the Company’s common stock were reserved for issuance, of which 166,561 shares remain for possible issuance at March 31, 2015. There are no remaining shares reserved for issuance under the 1999 Stock Option Plan.

INCOME_TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2015
INCOME TAXES [Abstract]
INCOME TAXES	7. INCOME TAXES
	The deferred tax assets and liabilities are netted and presented in a single amount which is included in deferred taxes in the accompanying consolidated statements of condition. The realization of deferred tax assets (“DTAs”) (net of a recorded valuation allowance) is largely dependent upon future taxable income, future reversals of existing taxable temporary differences and the ability to carry back losses to available tax years. In assessing the need for a valuation allowance, the Company considers positive and negative evidence, including taxable income in carryback years, scheduled reversals of deferred tax liabilities, expected future taxable income and tax planning strategies. At March 31, 2015 the Company had no remaining Federal net operating loss carryforwards and had net operating loss carryforwards of approximately $23.0 million for New York State (“NYS”) income tax purposes, which may be applied against future taxable income. The Company has a full valuation allowance of $1.0 million, tax effected, on the NYS net operating loss carryforward due to the Company’s significant tax-exempt investment income. The valuation allowance may be reversed to income in future periods to the extent that the related DTAs are realized or when the Company returns to consistent, taxable earnings in NYS. The NYS unused net operating loss carryforwards are expected to expire in varying amounts through the year 2032.

	The Company recorded income tax expense of $1.2 million in the first quarter of 2015 resulting in an effective tax rate of 23.6% versus an income tax expense of $1.1 million and an effective tax rate of 23.0% in the comparable period a year ago. On March 31, 2014, the Governor of NYS signed legislation which includes major reforms to the state’s corporate income tax system. In addition, the new budget law simplifies the code by setting forth a single apportionment factor. The corporate tax rate will be lowered from 7.1% to 6.5% in 2016. Furthermore, for community banks (all banks and thrifts with $8 billion or less in assets) there is a subtraction modification for a portion of interest earned on all residential and small business loans with a principal amount of up to $5 million made to New York borrowers. All banks in this category that had a REIT on April 1, 2014, and in the applicable tax year would instead get a deduction based on their REIT's dividends paid deduction. The Company had a qualifying REIT on April 1, 2014 and has less than $8 billion in assets. If a change in a tax law or rate occurs, any existing deferred tax liability or asset must be adjusted. The effect is reflected in operations in the period of the enactment of the change in the tax law or rate. As such, the Company made an adjustment to increase its DTAs resulting in a net income tax benefit of $462 thousand in the first quarter of 2014. Offsetting the net income tax benefit was a $454 thousand income tax expense related to an adjustment of the Company’s stock based compensation included in the DTA, primarily for stock options that had expired or been forfeited by former employees. The adjustment relates primarily to prior periods, but management has determined that it is not material, and as such, included it in the 2014 first quarter’s results.

	The Company had unrecognized tax benefits of approximately $34 thousand for all periods presented. There is no accrued interest relating to uncertain tax positions as of March 31, 2015.

	The Company files income tax returns in the U.S. federal jurisdiction and in New York State. Federal returns are subject to audits by tax authorities beginning with the tax year 2013. New York State returns are subject to audits beginning with the 2011 tax year. It is not anticipated that the unrecognized tax benefits will significantly change over the next 12 months.

REGULATORY_MATTERS

REGULATORY MATTERS	3 Months Ended
REGULATORY MATTERS	Mar. 31, 2015
REGULATORY MATTERS [Abstract]
REGULATORY MATTERS	8. REGULATORY MATTERS
	The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital requirements that involve quantitative measures of the Company’s and the Bank’s assets, liabilities and certain off-balance sheet items calculated under regulatory accounting practices. The Company’s and the Bank’s capital amounts and the Bank’s classification are also subject to qualitative judgments by the regulators about components, risk weighting and other factors.

	Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of total, tier 1 and common equity tier 1 capital, as defined in the federal banking regulations, to risk-weighted assets and of tier 1 capital to adjusted average assets (leverage). Management believes, as of March 31, 2015, that the Company and the Bank met all such capital adequacy requirements to which it is subject.

	In July 2013, the Office of the Comptroller of the Currency (“OCC”) approved new rules on regulatory capital applicable to national banks, implementing Basel III. Most banking organizations were required to apply the new capital rules on January 1, 2015. The final rules set a new common equity tier 1 requirement and higher minimum tier 1 requirements for all banking organizations. They also place limits on capital distributions and certain discretionary bonus payments if a banking organization does not maintain a buffer of common equity tier 1 capital above minimum capital requirements. The rules revise the prompt corrective action framework to incorporate the new regulatory capital minimums. They also enhance risk sensitivity and address weaknesses identified over recent years with the measure of risk-weighted assets, including through new measures of creditworthiness to replace references to credit ratings, consistent with section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). The Company’s implementation of the new rules on January 1, 2015 did not have a material impact on our capital needs.

	The Bank’s capital amounts (in thousands) and ratios are as follows:

		Actual capital ratios					Minimum					Minimum to be Well
							for capital					Capitalized under prompt corrective action provisions
							adequacy
		Amount		Ratio			Amount		Ratio			Amount		Ratio
	31-Mar-15
	Total capital to risk-weighted assets	$	209,314		13.63	%	$	122,866		8	%	$	153,582		10	%
	Tier 1 capital to risk-weighted assets		190,111		12.38	%		92,149		6	%		122,866		8	%
	Common equity tier 1 capital to risk-weighted assets		190,111		12.38	%		69,112		4.5	%		99,829		6.5	%
	Tier 1 capital to adjusted average assets (leverage)		190,111		10.02	%		75,915		4	%		94,894		5	%

	31-Dec-14
	Total capital to risk-weighted assets	$	201,476		13.25	%	$	121,608		8	%	$	152,010		10	%
	Tier 1 capital to risk-weighted assets		182,469		12	%		60,804		4	%		91,206		6	%
	Tier 1 capital to adjusted average assets (leverage)		182,469		9.96	%		73,312		4	%		91,640		5	%

	The Company’s tier 1 leverage, common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratios were 10.13%, 12.52%, 12.52% and 13.77%, respectively, at March 31, 2015. The Company’s tier 1 leverage, tier 1 risk-based and total risk-based capital ratios were 10.04%, 12.10% and 13.35%, respectively, at December 31, 2014.

	The ability of the Bank to pay dividends to the Company is subject to certain regulatory restrictions. Generally, dividends declared in a given year by a national bank are limited to its net profit, as defined by regulatory agencies, for that year, combined with its retained net income for the preceding two years, less any required transfer to surplus or to fund for the retirement of any preferred stock. In addition, a national bank may not pay dividends in an amount greater than its undivided profits or declare any dividends if such declaration would leave the bank inadequately capitalized.

FAIR_VALUE

FAIR VALUE	3 Months Ended
FAIR VALUE	Mar. 31, 2015
FAIR VALUE [Abstract]
FAIR VALUE	9. FAIR VALUE
	Fair value measurement is determined based on the assumptions that market participants would use in pricing the asset or liability in an exchange. The definition of fair value includes the exchange price which is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the principal market for the asset or liability. Market participant assumptions include assumptions about risk, the risk inherent in a particular valuation technique used to measure fair value and/or the risk inherent in the inputs to the valuation technique, as well as the effect of credit risk on the fair value of liabilities. The Company uses three levels of the fair value inputs to measure assets, as described below.

	Basis of Fair Value Measurement:

	Level 1 – Valuations based on quoted prices in active markets for identical investments.

	Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 2 inputs include: (i) quoted prices for similar investments in active markets, (ii) quoted prices for identical investments traded in non-active markets (i.e., dealer or broker markets) and (iii) inputs other than quoted prices that are observable or inputs derived from or corroborated by market data for substantially the full term of the investment.

	Level 3 – Valuations based on inputs that are unobservable, supported by little or no market activity, and significant to the overall fair value measurement.

	The types of instruments valued based on quoted market prices in active markets include most U.S. Treasury securities. Such instruments are generally classified within Level 1 and Level 2 of the fair value hierarchy. The Company does not adjust the quoted price for such instruments.

	The types of instruments valued based on quoted prices in markets that are not active, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency include U.S. Government agency securities, state and municipal obligations, MBS, CMOs and corporate bonds. Such instruments are generally classified within Level 2 of the fair value hierarchy.

	The types of instruments valued based on significant unobservable inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability are generally classified within Level 3 of the fair value hierarchy.

	The following table presents the carrying amounts and fair values of the Company’s financial instruments (in thousands).

			Level in			31-Mar-15						31-Dec-14
			Fair Value			Carrying				Fair		Carrying		Fair
			Hierarchy			Amount				Value		Amount		Value

	Financial Assets:
	Cash and due from banks		Level 1			$	59,024			$	59,024	$	54,516	$	54,516
	Federal funds sold		Level 2				-				-		1,000		1,000
	Interest-bearing time deposits in other banks		Level 2				10,000				10,009		10,000		10,017
	Federal Reserve Bank, Federal Home Loan Bank and other stock		N/A				6,800				N/A		8,600		N/A
	Investment securities held to maturity		Level 2				62,191				65,414		62,270		64,796
	Investment securities available for sale		Level 2				291,557				291,557		298,670		298,670
	Loans held for sale		Level 2				2,836				2,836		26,495		26,495
	Loans, net of allowance		Level 2, 3 (1)				1,362,835				1,364,305		1,336,227		1,329,041
	Accrued interest and loan fees receivable		Level 2				6,482				6,482		5,676		5,676

	Financial Liabilities:
	Non-maturity deposits		Level 2				1,368,484				1,368,484		1,337,301		1,337,301
	Time deposits		Level 2				223,188				223,570		218,759		219,089
	Borrowings		Level 2				90,000				90,003		130,000		130,004
	Accrued interest payable		Level 2				131				131		136		136
	Derivatives		Level 3				752				752		752		752

	-1	Impaired loans are generally classified within Level 3 of the fair value hierarchy.

	Fair value estimates are made at a specific point in time and may be based on judgments regarding losses expected in the future, risk, and other factors that are subjective in nature. The methods and assumptions used to produce the fair value estimates follow.

	For securities held to maturity and securities available for sale, the fair value equals quoted market price if available. If a quoted market price is not available, fair value is estimated using a quoted market price for similar securities. For cash and due from banks, federal funds sold, accrued interest and loan fees receivable, non-maturity deposits and accrued interest payable, the carrying amount is a reasonable estimate of fair value. Determining the fair value of Federal Reserve Bank, Federal Home Loan Bank and other stock is not practicable due to restrictions placed on its transferability. Interest-bearing time deposits in other banks, time deposits and borrowings are valued using a replacement cost of funds approach.

	Fair values are estimated for portfolios of loans with similar characteristics. The fair value of performing loans was calculated by discounting projected cash flows through their estimated maturity using market discount rates that reflect the general credit and interest rate characteristics of the loan category. The maturity horizon is based on the Bank’s history of repayments for each type of loan and an estimate of the effect of current economic conditions. Assumptions regarding credit risk, cash flows, and discount rates are made using available market information and specific borrower information.

	Loans identified as impaired are measured using one of three methods: the fair value of collateral less estimated costs to sell, the present value of expected future cash flows or the loan’s observable market price. Those measured using the fair value of collateral or the loan’s observable market price are recorded at fair value. For each period presented, no impaired loans were measured using the loan’s observable market price. If an impaired loan has had a charge-off or if the fair value of the collateral is less than the recorded investment in the loan, the Company establishes a specific reserve and reports the loan as non-recurring Level 3. The fair value of collateral of impaired loans is generally based on recent real estate appraisals. These appraisals may utilize 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 appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.

	For the periods presented, loans held for sale were performing and carried at cost. The carrying cost is a reasonable estimate of fair value due to their short-term nature.

	During 2013, the Company entered into derivative swap contracts with the purchaser of its Visa Class B shares. The fair value of these derivatives is measured using an internal model that includes the use of probability weighted scenarios for estimates of Visa’s aggregate exposure to the litigation matters, with consideration of amounts funded by Visa into its escrow account for this litigation. At March 31, 2015, the Company estimates a fair value for these derivatives at approximately 10% of the net proceeds from the Company’s sale of the related Visa Class B shares. Since this estimation process requires application of judgment in developing significant unobservable inputs used to determine the possible outcomes and the probability weighting assigned to each scenario, these derivatives have been classified as Level 3 within the valuation hierarchy. (See also Note 3. Investment Securities contained herein.)

	The fair value of commitments to extend credit is estimated by either discounting cash flows or using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the current creditworthiness of the counter-parties. The estimated fair value of written financial guarantees and letters of credit is based on fees currently charged for similar agreements. The fees charged for the commitments were not material in amount.

	Assets measured at fair value on a non-recurring basis are as follows (in thousands):

	Assets:		31-Mar-15			Fair Value
						Measurements Using
						Significant Unobservable
						Inputs (Level 3)
	Impaired loans		$	3,338		$	3,338
Total		$	3,338		$	3,338

Assets:		31-Dec-14			Fair Value
					Measurements Using
					Significant Unobservable
					Inputs (Level 3)
Impaired loans		$	3,333		$	3,333
Total		$	3,333		$	3,333

The Company had no liabilities measured at fair value on a non-recurring basis at March 31, 2015 and December 31, 2014.

The following presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis (dollars in thousands):

		Fair Value at
Assets:		March 31,			December 31,			Valuation	Unobservable		Discount
Assets:		2015			2014			Technique	Inputs		Discount
Impaired loans:

Commercial and industrial		$	31		$	40		Third party appraisal and/or internal evaluation	Discount to appraised value (1); estimated selling costs		5.6% to 50%

Residential mortgages			3,107			3,097		Third party appraisal	Discount to appraised value		25%

Home equity			104			98		Third party appraisal	Discount to appraised value		25%

Consumer			96			98		Third party appraisal	Discount to appraised value		25%
Total		$	3,338		$	3,333

-1	The Company also makes adjustments to the appraised value based upon evaluation of corporate assets, such as inventory and accounts receivable, and various other information, such as market conditions and other factors. Higher discounts may be applied to certain assets, such as inventory and accounts receivable.

The following presents fair value measurements on a recurring basis at March 31, 2015 and December 31, 2014 (in thousands):

					Fair Value Measurements Using
Assets:		31-Mar-15			Significant Other				Significant
					Observable Inputs				Unobservable Inputs
					(Level 2)				(Level 3)
U.S. Government agency securities		$	38,709		$	38,709			$	-
Obligations of states and political subdivisions			133,924			133,924				-
Collateralized mortgage obligations			21,391			21,391				-
Mortgage-backed securities			91,084			91,084				-
Corporate bonds			6,449			6,449				-
Total		$	291,557		$	291,557			$	-

Liabilities:
Derivatives			752		$	-			$	752
Total		$	752		$	-			$	752

					Fair Value Measurements Using
Assets:		31-Dec-14			Significant Other				Significant
					Observable Inputs				Unobservable Inputs
					(Level 2)				(Level 3)
U.S. Government agency securities		$	41,577		$	41,577			$	-
Obligations of states and political subdivisions			137,769			137,769				-
Collateralized mortgage obligations			21,997			21,997				-
Mortgage-backed securities			90,919			90,919				-
Corporate bonds			6,408			6,408				-
Total		$	298,670		$	298,670			$	-

Liabilities:
Derivatives			752		$	-			$	752
Total		$	752		$	-			$	752

Reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follow (in thousands).

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

		Three Months Ended March 31,
		2015			2014
		Liabilities			Liabilities
		Derivatives			Derivatives
Balance, January 1		$	752		$	932
Net change			-			-
Balance, March 31		$	752		$	932

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
LEGAL PROCEEDINGS	Mar. 31, 2015
LEGAL PROCEEDINGS [Abstract]
LEGAL PROCEEDINGS	10. LEGAL PROCEEDINGS
	Certain lawsuits and claims arising in the ordinary course of business may be filed or pending against us or our affiliates from time to time. In accordance with applicable accounting guidance, we establish accruals for all lawsuits, claims and expected settlements when we believe it is probable that a loss has been incurred and the amount of the loss is reasonably estimable. When a loss contingency is not both probable and estimable, we do not establish an accrual. Any such loss estimates are inherently uncertain, based on currently available information and are subject to management’s judgment and various assumptions. Due to the inherent subjectivity of these estimates and unpredictability of outcomes of legal proceedings, any amounts accrued may not represent the ultimate resolution of such matters.

	To the extent we believe any potential loss relating to such lawsuits and claims may have a material impact on our liquidity, consolidated financial position, results of operations, and/or our business as a whole and is reasonably possible but not probable, we disclose information relating to any such potential loss, whether in excess of any established accruals or where there is no established accrual. We also disclose information relating to any material potential loss that is probable but not reasonably estimable. Where reasonably practicable, we will provide an estimate of loss or range of potential loss. No disclosures are generally made for any loss contingencies that are deemed to be remote.

	Based upon information available to us and our review of lawsuits and claims filed or pending against us to date, we have not recognized a material accrual liability for these matters, nor do we currently expect it is reasonably possible that these matters will result in a material liability to the Company. However, the outcome of litigation and other legal and regulatory matters is inherently uncertain, and it is possible that one or more of such matters currently pending or threatened could have an unanticipated material adverse effect on our liquidity, consolidated financial position, results of operations, and/or our business as a whole, in the future.

BORROWINGS

BORROWINGS	3 Months Ended
BORROWINGS	Mar. 31, 2015
BORROWINGS [Abstract]
BORROWINGS	11. BORROWINGS
	The following summarizes borrowed funds at March 31, 2015 and December 31, 2014 (dollars in thousands):

	31-Mar-15	Federal Home Loan			Federal Funds			Total
	31-Mar-15	Bank Borrowings			Purchased			Total
	Daily average outstanding	$	124,111		$	-		$	124,111
	Total interest cost		108			-			108
	Average interest rate paid		0.35	%		-	%		0.35	%
	Maximum amount outstanding at any month-end	$	155,000		$	-		$	155,000
	March 31 balance		90,000			-			90,000
	Weighted-average interest rate on balances outstanding		0.34	%		-	%		0.34	%

	31-Dec-14	Federal Home Loan			Federal Funds			Total
	31-Dec-14	Bank Borrowings			Purchased			Total
	Daily average outstanding	$	13,051		$	8		$	13,059
	Total interest cost		48			-			48
	Average interest rate paid		0.37	%		0.46	%		0.37	%
	Maximum amount outstanding at any month-end	$	130,000		$	-		$	130,000
	December 31 balance		130,000			-			130,000
	Weighted-average interest rate on balances outstanding		0.32	%		-	%		0.32	%

	Assets pledged as collateral to the Federal Home Loan Bank (“FHLB”) at March 31, 2015 and December 31, 2014 totaled $567 million and $505 million, respectively, consisting of eligible loans and investment securities as determined under FHLB borrowing guidelines. The Company had $90 million and $130 million in FHLB borrowings at March 31, 2015 and December 31, 2014, respectively.

FINANCIAL_STATEMENT_PRESENTATI1

FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Earnings-Per-Share	Earnings Per Share - Basic earnings per share is computed based on the weighted average number of common shares and unvested restricted shares outstanding for each period. The Company’s unvested restricted shares are considered participating securities as they contain rights to non-forfeitable dividends and thus they are included in the basic earnings per share computation. Diluted earnings per share include the dilutive effect of additional potential common shares issuable under stock options. In the event a net loss is reported, restricted shares and stock options are excluded from earnings per share computations.

	The reconciliation of basic and diluted weighted average number of common shares outstanding for the three months ended March 31, 2015 and 2014 follows.

		Three Months Ended March 31,
		2015		2014

	Weighted average common shares outstanding		11,602,924		11,573,014
	Weighted average unvested restricted shares		91,503		-
	Weighted average shares for basic earnings per share		11,694,427		11,573,014
	Additional diluted shares:
	Stock options		68,672		58,448
	Weighted average shares for diluted earnings per share		11,763,099		11,631,462
Loans and Loan Interest Income Recognition	Loans and Loan Interest Income Recognition – Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of unearned discounts, deferred loan fees and costs. Unearned discounts on installment loans are credited to income using methods that result in a level yield. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the respective term of the loan without anticipating prepayments.

	Interest income is accrued on the unpaid loan principal balance. Recognition of interest income is discontinued when reasonable doubt exists as to whether principal or interest due can be collected. Loans of all classes will generally no longer accrue interest when over 90 days past due unless the loan is well-secured and in process of collection. When a loan is placed on non-accrual status, all interest previously accrued, but not collected, is reversed against current-year interest income. Interest received on such loans is applied against principal or interest, according to management’s judgment as to the collectability of the principal, until qualifying for return to accrual status. Loans may start accruing interest again when they become current as to principal and interest for at least six months, and when, after a well-documented analysis by management, it has been determined that the loans can be collected in full. For all classes of loans, an impaired loan is defined as a loan for which it is probable that the lender will not collect all amounts due under the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties are considered troubled debt restructurings (“TDRs”) and are classified as impaired. Generally, TDRs are initially classified as non-accrual until sufficient time has passed to assess whether the restructured loan will continue to perform. For impaired, accruing loans, interest income is recognized on an accrual basis with cash offsetting the recorded accruals upon receipt.
Allowance for Loan Losses	Allowance for Loan Losses - The allowance for loan losses is a valuation allowance for probable incurred losses, increased by the provision for loan losses and recoveries, and decreased by loan charge-offs. For all classes of loans, when a loan, in full or in part, is deemed uncollectible, it is charged against the allowance for loan losses. This happens when the loan is past due and the borrower has not shown the ability or intent to make the loan current, or the borrower does not have sufficient assets to pay the debt, or the value of the collateral is less than the balance of the loan and is not considered likely to improve soon. The allowance for loan losses is determined by a quarterly analysis of the loan portfolio. Such analysis includes changes in the size and composition of the portfolio, the Company’s own historical loan losses, industry-wide losses, current and anticipated economic trends, and details about individual loans. It also includes estimates of the actual value of collateral, other possible sources of repayment and estimates that are susceptible to significant changes due to changes in appraisal values of collateral, national and regional economic conditions and other relevant factors. All non-accrual loans over $250 thousand in the commercial and industrial, commercial real estate and real estate construction loan classes and all TDRs are evaluated individually for impairment. All other loans are generally evaluated as homogeneous pools with similar risk characteristics. In assessing the adequacy of the allowance for loan losses, management reviews the loan portfolio by separate classes that have similar risk and collateral characteristics. These classes are commercial and industrial, commercial real estate, multifamily, mixed use commercial, real estate construction, residential mortgages, home equity and consumer loans.

	The allowance for loan losses consists of specific and general components, as well as an unallocated component. The specific component relates to loans that are individually classified as impaired. Specific reserves are established based on an analysis of the most probable sources of repayment or liquidation of collateral. Impaired loans that are collateral dependent are reviewed based on the fair market value of collateral and the estimated time required to recover the Company’s investment in the loans, as well as the cost of doing so, and the estimate of the recovery. Non-collateral dependent impaired loans are reviewed based on the present value of estimated future cash flows, including balloon payments, if any, using the loan’s effective interest rate. While every impaired loan is evaluated individually, not every loan requires a specific reserve. Specific reserves fluctuate based on changes in the underlying loans, anticipated sources of repayment, and charge-offs. The general component covers non-impaired loans and is based on historical loss experience for each loan class from a rolling twelve quarter period and modifying those percentages, if necessary, after adjusting for current qualitative and environmental factors that reflect changes in the estimated collectability of the loan class not captured by historical loss data. These factors augment actual loss experience and help estimate the probability of loss within the loan portfolio based on emerging or inherent risk trends. These qualitative factors are applied as an adjustment to historical loss rates and require judgments that cannot be subjected to exact mathematical calculation. These adjustments reflect management’s overall estimate of the extent to which current losses on a pool of loans will differ from historical loss experience. These adjustments are subjective estimates and management reviews them on a quarterly basis. TDRs are also considered impaired with impairment generally measured at the present value of estimated future cash flows using the loan’s effective interest rate at inception or using the fair value of collateral, less estimated costs to sell, if repayment is expected solely from the collateral. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio.
Loans Held-For-Sale	Loans Held For Sale – Loans held for sale are carried at the lower of aggregate cost or fair value, based on observable inputs in the secondary market. Changes in fair value of loans held for sale are recognized in earnings.
Bank Owned Life Insurance	Bank Owned Life Insurance – Bank owned life insurance is recorded at the lower of the cash surrender value or the amount that can be realized under the insurance policy and is included as an asset in the consolidated statements of condition. Changes in the cash surrender value and insurance benefit payments are recorded in non-interest income in the consolidated statements of income.
Derivatives	Derivatives - Derivatives are contracts between counterparties that specify conditions under which settlements are to be made. The only derivatives held by the Company are swap contracts with the purchaser of its Visa Class B shares. The Company records its derivatives on the consolidated statements of condition at fair value. The Company’s derivatives do not qualify for hedge accounting. As a result, changes in fair value are recognized in earnings in the period in which they occur. (See also Note 3. Investment Securities contained herein.)
Recent Accounting Guidance	Recent Accounting Guidance – In January 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20), “Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items,” as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). This ASU eliminates from U.S. GAAP the concept of extraordinary items. Eliminating the concept of extraordinary items will save time and reduce costs for preparers because they will not have to assess whether a particular event or transaction event is extraordinary (even if they ultimately would conclude it is not). This also alleviates uncertainty for preparers, auditors, and regulators because auditors and regulators no longer will need to evaluate whether a preparer treated an unusual and/or infrequent item appropriately. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. Management intends to adopt ASU 2015-01 on January 1, 2016 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements.

	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), “Revenue from Contracts with Customers,” which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of the ASU is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. The ASU defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The ASU is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting the ASU recognized at the date of adoption (which includes additional footnote disclosures). The Company has not yet determined the method by which it will adopt ASU 2014-09 in 2017 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements. On April 2, 2015, the FASB decided to propose a one-year delay of the effective date for the new revenue recognition standard. If the proposal is finalized, the revenue recognition standard would take effect in 2018 for calendar year-end public entities. The proposal is expected to be released soon with a 30 day comment period.

	In January 2014, the FASB issued ASU 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Topic 310), “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” to clarify when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The ASU requires interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. The Company’s adoption of ASU 2014-04 on January 1, 2015 did not have a material effect on the Company’s consolidated financial statements.
Reclassifications	Reclassifications — Certain reclassifications have been made to prior period information in order to conform to the current period’s presentation. Such reclassifications had no impact on the Company’s consolidated results of operations or financial condition.

FINANCIAL_STATEMENT_PRESENTATI2

FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2015
FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Reconciliation of basic and diluted weighted average number of common shares outstanding	The reconciliation of basic and diluted weighted average number of common shares outstanding for the three months ended March 31, 2015 and 2014 follows.

		Three Months Ended March 31,
		2015		2014

	Weighted average common shares outstanding		11,602,924		11,573,014
	Weighted average unvested restricted shares		91,503		-
	Weighted average shares for basic earnings per share		11,694,427		11,573,014
	Additional diluted shares:
	Stock options		68,672		58,448
	Weighted average shares for diluted earnings per share		11,763,099		11,631,462

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI") (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI") (Tables)	Mar. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI") [Abstract]
Changes in AOCI by component, net of tax	The changes in the Company’s AOCI by component, net of tax, for the three months ended March 31, 2015 and 2014 follow (in thousands).

		Three Months Ended March 31, 2015
		Unrealized Gains and			Unrealized Losses on				Pension and Post-			Total
		Losses on Available			Securities Transferred				Retirement Plan
		for Sale Securities			from Available for				Items
					Sale to Held to
					Maturity
	Beginning balance	$	2,637		$	(1,805	)		$	(7,675	)	$	(6,843	)
	Other comprehensive income before reclassifications		1,091			-				-			1,091
	Amounts reclassified from AOCI		(16	)		41				-			25
	Net other comprehensive income		1,075			41				-			1,116
	Ending balance	$	3,712		$	(1,764	)		$	(7,675	)	$	(5,727	)

		Three Months Ended March 31, 2014
		Unrealized Gains and			Unrealized Losses on				Pension and Post-			Total
		Losses on Available			Securities Transferred				Retirement Plan
		for Sale Securities			from Available for				Items
					Sale to Held to
					Maturity
	Beginning balance	$	(4,095	)	$	-			$	(3,194	)	$	(7,289	)
	Other comprehensive income (loss) before reclassifications		4,700			(1,633	)			-			3,067
	Amounts reclassified from AOCI		-			21				-			21
	Net other comprehensive income (loss)		4,700			(1,612	)			-			3,088
	Ending balance	$	605		$	(1,612	)		$	(3,194	)	$	(4,201	)
Reclassifications out of AOCI	The table below presents reclassifications out of AOCI for the three months ended March 31, 2015 and 2014 (in thousands).

		Amount Reclassified from AOCI
		Three Months Ended March 31,						Affected Line Item in the Statement
	Details about AOCI Components	2015			2014			Where Net Income is Presented
	Unrealized gains and losses on available for sale securities	$	26		$	-		Net gain on sale of securities available for sale

	Unrealized losses on securities transferred from available for sale to held to maturity		(68	)		(33	)	Interest income - U.S. Government agency obligations

			17			12		Income tax expense

	Total reclassifications, net of tax	$	(25	)	$	(21	)

INVESTMENT_SECURITIES_Tables

INVESTMENT SECURITIES (Tables)	3 Months Ended
INVESTMENT SECURITIES (Tables)	Mar. 31, 2015
INVESTMENT SECURITIES [Abstract]
Amortized cost, estimated fair values, and gross unrealized gains and losses of securities available for sale and held to maturity	The amortized cost, fair value and gross unrealized gains and losses of the Company’s investment securities available for sale and held to maturity at March 31, 2015 and December 31, 2014 were as follows (in thousands):

		31-Mar-15											31-Dec-14
		Amortized		Gross			Gross			Fair			Amortized		Gross			Gross			Fair
		Cost		Unrealized			Unrealized			Value			Cost		Unrealized			Unrealized			Value
				Gains			Losses								Gains			Losses
	Available for sale:
	U.S. Government agency securities	$	38,974	$	8		$	(273	)	$	38,709		$	42,474	$	-		$	(897	)	$	41,577
	Obligations of states and political subdivisions		127,440		6,484			-			133,924			131,300		6,469			-			137,769
	Collateralized mortgage obligations		21,470		273			(352	)		21,391			22,105		423			(531	)		21,997
	Mortgage-backed securities		91,211		388			(515	)		91,084			92,095		88			(1,264	)		90,919
	Corporate bonds		6,324		142			(17	)		6,449			6,336		90			(18	)		6,408
	Total available for sale securities		285,419		7,295			(1,157	)		291,557			294,310		7,070			(2,710	)		298,670
	Held to maturity:
	U.S. Government agency securities		48,433		2,431			-			50,864			48,365		1,717			-			50,082
	Obligations of states and political subdivisions		13,758		792			-			14,550			13,905		809			-			14,714
	Total held to maturity securities		62,191		3,223			-			65,414			62,270		2,526			-			64,796
	Total investment securities	$	347,610	$	10,518		$	(1,157	)	$	356,971		$	356,580	$	9,596		$	(2,710	)	$	363,466
Investment securities amortized cost, maturities, and approximate fair value	The amortized cost, contractual maturities and fair value of the Company’s investment securities at March 31, 2015 (in thousands) are presented in the table below. Collateralized mortgage obligations (“CMOs”) and mortgage-backed securities (“MBS”) assume maturity dates pursuant to average lives.

		31-Mar-15
		Amortized		Fair
		Cost		Value
	Securities available for sale:
	Due in one year or less	$	28,100	$	28,595
	Due from one to five years		143,494		147,769
	Due from five to ten years		113,825		115,193
	Total securities available for sale		285,419		291,557
	Securities held to maturity:
	Due in one year or less		1,630		1,644
	Due from one to five years		5,392		5,792
	Due from five to ten years		32,073		33,256
	Due after ten years		23,096		24,722
	Total securities held to maturity		62,191		65,414
	Total investment securities	$	347,610	$	356,971
Proceeds from sales of securities available for sale and the associated realized securities gains and losses	The proceeds from sales of securities available for sale and the associated realized gains and losses are shown below for the periods indicated (in thousands). Realized gains are also inclusive of gains on called securities.

		Three Months Ended March 31,
		2015		2014

	Proceeds	$	531	$	-

	Gross realized gains	$	26	$	-
	Gross realized losses		-		-
	Net realized gains	$	26	$	-
Length of time individual securities for held-to-maturity and available-for-sale held in a continuous unrealized loss position	Information pertaining to securities with unrealized losses at March 31, 2015 and December 31, 2014, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows (in thousands):

		Less than 12 months					12 months or longer						Total
	31-Mar-15	Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	31-Mar-15	Value		Losses			Value			Losses			Value		Losses
	U.S. Government agency securities	$	13,919	$	(60	)	$	19,787		$	(213	)	$	33,706	$	(273	)
	Collateralized mortgage obligations		-		-			8,476			(352	)		8,476		(352	)
	Mortgage-backed securities		20,712		(115	)		27,159			(400	)		47,871		(515	)
	Corporate bonds		-		-			2,983			(17	)		2,983		(17	)
	Total	$	34,631	$	(175	)	$	58,405		$	(982	)	$	93,036	$	(1,157	)

		Less than 12 months					12 months or longer						Total
	31-Dec-14	Fair		Unrealized			Fair			Unrealized			Fair		Unrealized
	31-Dec-14	Value		Losses			Value			Losses			Value		Losses
	U.S. Government agency securities	$	-	$	-		$	41,577		$	(897	)	$	41,577	$	(897	)
	Collateralized mortgage obligations		-		-			8,417			(531	)		8,417		(531	)
	Mortgage-backed securities		-		-			81,510			(1,264	)		81,510		(1,264	)
	Corporate bonds		-		-			2,982			(18	)		2,982		(18	)
	Total	$	-	$	-		$	134,486		$	(2,710	)	$	134,486	$	(2,710	)

LOANS_Tables

LOANS (Tables)	3 Months Ended
LOANS (Tables)	Mar. 31, 2015
LOANS [Abstract]
Categorizes total loans	At March 31, 2015 and December 31, 2014, net loans disaggregated by class consisted of the following (in thousands):

		31-Mar-15			31-Dec-14
	Commercial and industrial	$	178,812		$	177,813
	Commercial real estate		579,873			560,524
	Multifamily		322,229			309,666
	Mixed use commercial		35,333			34,806
	Real estate construction		24,608			26,206
	Residential mortgages		184,977			187,828
	Home equity		49,440			50,982
	Consumer		6,888			7,602
	Gross loans		1,382,160			1,355,427
	Allowance for loan losses		(19,325	)		(19,200	)
	Net loans at end of period	$	1,362,835		$	1,336,227
Summary of the activity in the allowance for loan losses by loan class	The following summarizes the activity in the allowance for loan losses disaggregated by class for the periods indicated (in thousands).

		Three Months Ended March 31, 2015															Three Months Ended March 31, 2014
		Balance at			Charge-offs			Recoveries			Provision			Balance at			Balance at			Charge-offs			Recoveries			(Credit)			Balance at
		beginning of									(credit) for			end of			beginning of									provision			end of
		period									loan losses			period			period									for loan			period
																										losses
	Commercial and industrial	$	1,560		$	(492	)	$	343		$	587		$	1,998		$	2,615		$	(115	)	$	293		$	(312	)	$	2,481
	Commercial real estate		6,777			-			7			568			7,352			6,572			-			12			624			7,208
	Multifamily		4,018			-			-			449			4,467			2,159			-			-			481			2,640
	Mixed use commercial		261			-			-			12			273			54			-			-			33			87
	Real estate construction		383			-			-			(23	)		360			88			-			-			129			217
	Residential mortgages		3,027			-			11			(420	)		2,618			2,463			-			4			160			2,627
	Home equity		709			-			2			17			728			745			-			27			(54	)		718
	Consumer		166			(1	)		5			(15	)		155			241			(2	)		5			(58	)		186
	Unallocated		2,299			-			-			(925	)		1,374			2,326			-			-			(753	)		1,573
	Total	$	19,200		$	(493	)	$	368		$	250		$	19,325		$	17,263		$	(117	)	$	341		$	250		$	17,737
Summary of changes in the allowance for loan losses	At March 31, 2015 and December 31, 2014, the ending balance in the allowance for loan losses disaggregated by class and impairment methodology is as follows (in thousands). Also in the tables below are total loans at March 31, 2015 and December 31, 2014 disaggregated by class and impairment methodology (in thousands).

		Allowance for Loan Losses									Loan Balances
	31-Mar-15	Individually evaluated for impairment			Collectively evaluated for impairment			Ending balance			Individually evaluated for impairment			Collectively evaluated for impairment			Ending balance
	Commercial and industrial	$	10		$	1,988		$	1,998		$	3,764		$	175,048		$	178,812
	Commercial real estate		-			7,352			7,352			10,302			569,571			579,873
	Multifamily		-			4,467			4,467			-			322,229			322,229
	Mixed use commercial		-			273			273			-			35,333			35,333
	Real estate construction		-			360			360			-			24,608			24,608
	Residential mortgages		771			1,847			2,618			5,651			179,326			184,977
	Home equity		159			569			728			1,670			47,770			49,440
	Consumer		88			67			155			398			6,490			6,888
	Unallocated		-			1,374			1,374			-			-			-
	Total	$	1,028		$	18,297		$	19,325		$	21,785		$	1,360,375		$	1,382,160

		Allowance for Loan Losses									Loan Balances
	31-Dec-14	Individually evaluated for impairment			Collectively evaluated for impairment			Ending balance			Individually evaluated for impairment			Collectively evaluated for impairment			Ending balance
	Commercial and industrial	$	16		$	1,544		$	1,560		$	4,889		$	172,924		$	177,813
	Commercial real estate		-			6,777			6,777			10,214			550,310			560,524
	Multifamily		-			4,018			4,018			-			309,666			309,666
	Mixed use commercial		-			261			261			-			34,806			34,806
	Real estate construction		-			383			383			-			26,206			26,206
	Residential mortgages		809			2,218			3,027			5,422			182,406			187,828
	Home equity		92			617			709			1,567			49,415			50,982
	Consumer		88			78			166			323			7,279			7,602
	Unallocated		-			2,299			2,299			-			-			-
	Total	$	1,005		$	18,195		$	19,200		$	22,415		$	1,333,012		$	1,355,427
Summary of impaired loans	The following table presents the Company’s impaired loans disaggregated by class at March 31, 2015 and December 31, 2014 (in thousands).
		31-Mar-15									31-Dec-14
		Unpaid Principal Balance			Recorded Balance			Allowance Allocated			Unpaid Principal Balance			Recorded Balance			Allowance Allocated
	With no allowance recorded:
	Commercial and industrial	$	3,723		$	3,723		$	-		$	4,833		$	4,833		$	-
	Commercial real estate		10,721			10,302			-			10,632			10,214			-
	Residential mortgages		1,919			1,773			-			1,645			1,516			-
	Home equity		1,407			1,407			-			1,377			1,377			-
	Consumer		214			214			-			137			137			-
	Subtotal		17,984			17,419			-			18,624			18,077			-

	With an allowance recorded:
	Commercial and industrial		42			41			10			57			56			16
	Residential mortgages		3,877			3,878			771			3,906			3,906			809
	Home equity		400			263			159			326			190			92
	Consumer		182			184			88			185			186			88
	Subtotal		4,501			4,366			1,028			4,474			4,338			1,005
	Total	$	22,485		$	21,785		$	1,028		$	23,098		$	22,415		$	1,005

	The following table presents the Company’s average recorded investment in impaired loans and the related interest income recognized disaggregated by class for the three months ended March 31, 2015 and 2014 (in thousands). No interest income was recognized on a cash basis on impaired loans for any of the periods presented. The interest income recognized on accruing impaired loans is shown in the following table.

		Three Months Ended March 31,
		2015						2014
		Average recorded			Interest income			Average recorded			Interest income
		investment in			recognized on			investment in			recognized on
		impaired loans			impaired loans			impaired loans			impaired loans
	Commercial and industrial	$	4,551		$	33		$	7,567		$	107
	Commercial real estate		10,208			50			11,558			99
	Residential mortgages		5,411			38			5,036			36
	Home equity		1,662			13			771			17
	Consumer		383			3			170			2
	Total	$	22,215		$	137		$	25,102		$	261
Troubled debt restructurings	Outstanding TDRs, disaggregated by class, at March 31, 2015 and December 31, 2014 are as follows (dollars in thousands):
		31-Mar-15						31-Dec-14
	TDRs Outstanding	Number of Loans			Outstanding Recorded Balance			Number of Loans			Outstanding Recorded Balance
	Commercial and industrial		30		$	2,721			31		$	3,683
	Commercial real estate		8			10,057			8			10,179
	Residential mortgages		21			4,478			19			4,314
	Home equity		5			1,208			5			1,216
	Consumer		7			277			7			281
	Total		71		$	18,741			70		$	19,673

	The following presents, disaggregated by class, information regarding TDRs executed during the three months ended March 31, 2015 and 2014 (dollars in thousands):

		Three Months Ended March 31,
		2015									2014
	New TDRs	Number			Pre-Modification			Post-Modification			Number			Pre-Modification			Post-Modification
		of			Outstanding			Outstanding			of			Outstanding			Outstanding
		Loans			Recorded			Recorded			Loans			Recorded			Recorded
					Balance			Balance						Balance			Balance
	Commercial and industrial		1		$	12		$	12			3		$	377		$	377
	Residential mortgages		2			194			199			-			-			-
	Total		3		$	206		$	211			3		$	377		$	377

	Presented below and disaggregated by class is information regarding loans modified as TDRs that had payment defaults of 90 days or more within twelve months of restructuring during the three months ended March 31, 2015 and 2014 (dollars in thousands).

		Three Months Ended March 31,
		2015						2014
	Defaulted TDRs	Number			Outstanding			Number			Outstanding
		of Loans			Recorded			of Loans			Recorded
					Balance						Balance
	Commercial real estate		-		$	-			2		$	1,596
	Total		-		$	-			2		$	1,596
Summary of impaired and non-accrual loans	The following table presents a summary of non-performing assets for each period (in thousands):

		31-Mar-15			31-Dec-14
	Non-accrual loans	$	12,292		$	12,981
	Non-accrual loans held for sale		-			-
	Loans 90 days past due and still accruing		-			-
	OREO		-			-
	Total non-performing assets	$	12,292		$	12,981
	TDRs accruing interest	$	9,418		$	9,380
	TDRs non-accruing	$	9,323		$	10,293
Summarizes non-accrual loans by loan class	At March 31, 2015 and December 31, 2014, non-accrual loans disaggregated by class were as follows (dollars in thousands):

		31-Mar-15												31-Dec-14
		Non-accrual loans			% of			Total Loans			% of Total Loans			Non-accrual loans			% of			Total Loans			% of Total Loans
		Non-accrual loans			Total			Total Loans			% of Total Loans			Non-accrual loans			Total			Total Loans			% of Total Loans
	Commercial and industrial	$	3,035			24.7	%	$	178,812			0.2	%	$	4,060			31.3	%	$	177,813			0.3	%
	Commercial real estate		6,647			54.1			579,873			0.5			6,556			50.5			560,524			0.5
	Multifamily		-			-			322,229			-			-			-			309,666			-
	Mixed use commercial		-			-			35,333			-			-			-			34,806			-
	Real estate construction		-			-			24,608			-			-			-			26,206			-
	Residential mortgages		2,074			16.9			184,977			0.2			2,020			15.6			187,828			0.1
	Home equity		414			3.3			49,440			-			303			2.3			50,982			0.1
	Consumer		122			1			6,888			-			42			0.3			7,602			-
	Total	$	12,292			100	%	$	1,382,160			0.9	%	$	12,981			100	%	$	1,355,427			1	%
Summary of current and past due loans	At March 31, 2015 and December 31, 2014, past due loans disaggregated by class were as follows (in thousands).

		Past Due
	31-Mar-15	30 - 59 days			60 - 89 days			90 days and over			Total			Current			Total
	Commercial and industrial	$	8		$	379		$	3,035		$	3,422		$	175,390		$	178,812
	Commercial real estate		-			-			6,647			6,647			573,226			579,873
	Multifamily		-			-			-			-			322,229			322,229
	Mixed use commercial		-			-			-			-			35,333			35,333
	Real estate construction		-			-			-			-			24,608			24,608
	Residential mortgages		505			-			2,074			2,579			182,398			184,977
	Home equity		199			-			414			613			48,827			49,440
	Consumer		10			-			122			132			6,756			6,888
	Total	$	722		$	379		$	12,292		$	13,393		$	1,368,767		$	1,382,160
	% of Total Loans		0.1	%		0	%		0.9	%		1	%		99	%		100	%

		Past Due
	31-Dec-14	30 - 59 days			60 - 89 days			90 days and over			Total			Current			Total
	Commercial and industrial	$	52		$	241		$	4,060		$	4,353		$	173,460		$	177,813
	Commercial real estate		-			-			6,556			6,556			553,968			560,524
	Multifamily		-			-			-			-			309,666			309,666
	Mixed use commercial		-			-			-			-			34,806			34,806
	Real estate construction		-			-			-			-			26,206			26,206
	Residential mortgages		822			-			2,020			2,842			184,986			187,828
	Home equity		-			112			303			415			50,567			50,982
	Consumer		59			77			42			178			7,424			7,602
	Total	$	933		$	430		$	12,981		$	14,344		$	1,341,083		$	1,355,427
	% of Total Loans		0.1	%		0	%		1	%		1.1	%		98.9	%		100	%
Credit risk profile by internally assigned grade	The following presents the Company’s loan portfolio credit risk profile by internally assigned grade disaggregated by class of loan at March 31, 2015 and December 31, 2014 (in thousands).

		31-Mar-15												31-Dec-14
		Grade												Grade
		Pass			Special mention			Substandard			Total			Pass			Special mention			Substandard			Total
	Commercial and industrial	$	165,527		$	3,543		$	9,742		$	178,812		$	167,922		$	1,225		$	8,666		$	177,813
	Commercial real estate		553,861			15,395			10,617			579,873			536,536			9,182			14,806			560,524
	Multifamily		322,229			-			-			322,229			309,666			-			-			309,666
	Mixed use commercial		35,313			-			20			35,333			34,806			-			-			34,806
	Real estate construction		24,608			-			-			24,608			26,206			-			-			26,206
	Residential mortgages		181,809			-			3,168			184,977			183,263			-			4,565			187,828
	Home equity		48,021			-			1,419			49,440			49,569			-			1,413			50,982
	Consumer		6,766			-			122			6,888			7,279			-			323			7,602
	Total	$	1,338,134		$	18,938		$	25,088		$	1,382,160		$	1,315,247		$	10,407		$	29,773		$	1,355,427
	% of Total		96.8	%		1.4	%		1.8	%		100	%		97	%		0.8	%		2.2	%		100	%

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
STOCK-BASED COMPENSATION (Tables)	Mar. 31, 2015
STOCK-BASED COMPENSATION [Abstract]
Summary of stock option activity	A summary of stock option activity follows:

			Number				Weighted-Average
			of Shares				Exercise Price
							Per Share
	Outstanding, January 1, 2015			251,100			$	16.33
	Granted			-				-
	Exercised			(1,000	)		$	18.18
	Forfeited or expired			(10,000	)		$	22.84
	Outstanding, March 31, 2015			240,100			$	16.06
Summary of options outstanding and exercisable	The following summarizes shares subject to purchase from stock options outstanding and exercisable as of March 31, 2015:

					Outstanding						Exercisable
	Range of				Shares			Weighted-Average	Weighted-Average		Shares		Weighted-Average	Weighted-Average
	Exercise Prices							Remaining	Exercise Price				Remaining	Exercise Price
								Contractual Life					Contractual Life
	$	10.00 - $14.00				120,000		6.9 years	$	11.97		83,334	6.9 years	$	12.45
	$	14.01 - $20.00				98,100		8.3 years	$	17.47		42,438	8.2 years	$	16.73
	$	20.01 - $30.00				5,000		3.8 years	$	28.3		5,000	3.8 years	$	28.3
	$	30.01 - $40.00				17,000		1.8 years	$	33.12		17,000	1.8 years	$	33.12
						240,100		7.0 years	$	16.06		147,772	6.6 years	$	16.59
Summary of restricted stock activity	A summary of restricted stock activity follows:
			Number				Weighted-Average
			of Shares				Grant-Date
							Fair Value
	Nonvested, January 1, 2015			72,350			$	22.51
	Granted			51,562			$	22.76
	Vested			-				-
	Forfeited or expired			(4,975	)		$	22.52
	Nonvested, March 31, 2015			118,937			$	22.62

REGULATORY_MATTERS_Tables

REGULATORY MATTERS (Tables)	3 Months Ended
REGULATORY MATTERS (Tables)	Mar. 31, 2015
REGULATORY MATTERS [Abstract]
The Bank's actual capital amounts and ratios	The Bank’s capital amounts (in thousands) and ratios are as follows:

		Actual capital ratios					Minimum					Minimum to be Well
							for capital					Capitalized under prompt corrective action provisions
							adequacy
		Amount		Ratio			Amount		Ratio			Amount		Ratio
	31-Mar-15
	Total capital to risk-weighted assets	$	209,314		13.63	%	$	122,866		8	%	$	153,582		10	%
	Tier 1 capital to risk-weighted assets		190,111		12.38	%		92,149		6	%		122,866		8	%
	Common equity tier 1 capital to risk-weighted assets		190,111		12.38	%		69,112		4.5	%		99,829		6.5	%
	Tier 1 capital to adjusted average assets (leverage)		190,111		10.02	%		75,915		4	%		94,894		5	%

	31-Dec-14
	Total capital to risk-weighted assets	$	201,476		13.25	%	$	121,608		8	%	$	152,010		10	%
	Tier 1 capital to risk-weighted assets		182,469		12	%		60,804		4	%		91,206		6	%
	Tier 1 capital to adjusted average assets (leverage)		182,469		9.96	%		73,312		4	%		91,640		5	%

FAIR_VALUE_Tables

FAIR VALUE (Tables)	3 Months Ended
FAIR VALUE (Tables)	Mar. 31, 2015
FAIR VALUE [Abstract]
Carrying amounts and fair values of financial instruments	The following table presents the carrying amounts and fair values of the Company’s financial instruments (in thousands).

			Level in		31-Mar-15						31-Dec-14
			Fair Value		Carrying			Fair			Carrying		Fair
			Hierarchy		Amount			Value			Amount		Value

	Financial Assets:
	Cash and due from banks		Level 1		$	59,024		$	59,024		$	54,516	$	54,516
	Federal funds sold		Level 2			-			-			1,000		1,000
	Interest-bearing time deposits in other banks		Level 2			10,000			10,009			10,000		10,017
	Federal Reserve Bank, Federal Home Loan Bank and other stock		N/A			6,800			N/A			8,600		N/A
	Investment securities held to maturity		Level 2			62,191			65,414			62,270		64,796
	Investment securities available for sale		Level 2			291,557			291,557			298,670		298,670
	Loans held for sale		Level 2			2,836			2,836			26,495		26,495
	Loans, net of allowance		Level 2, 3 (1)			1,362,835			1,364,305			1,336,227		1,329,041
	Accrued interest and loan fees receivable		Level 2			6,482			6,482			5,676		5,676

	Financial Liabilities:
	Non-maturity deposits		Level 2			1,368,484			1,368,484			1,337,301		1,337,301
	Time deposits		Level 2			223,188			223,570			218,759		219,089
	Borrowings		Level 2			90,000			90,003			130,000		130,004
	Accrued interest payable		Level 2			131			131			136		136
	Derivatives		Level 3			752			752			752		752

	-1	Impaired loans are generally classified within Level 3 of the fair value hierarchy.
Assets measured at fair value on a non-recurring basis	Assets measured at fair value on a non-recurring basis are as follows (in thousands):

	Assets:		31-Mar-15		Fair Value
					Measurements Using
					Significant Unobservable
					Inputs (Level 3)
	Impaired loans		$	3,338	$	3,338
	Total		$	3,338	$	3,338

	Assets:		31-Dec-14		Fair Value
					Measurements Using
					Significant Unobservable
					Inputs (Level 3)
	Impaired loans		$	3,333	$	3,333
	Total		$	3,333	$	3,333
Fair Value Inputs, Quantitative information	The following presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis (dollars in thousands):

			Fair Value at
	Assets:		March 31,		December 31,		Valuation	Unobservable		Discount
	Assets:		2015		2014		Technique	Inputs		Discount
	Impaired loans:

	Commercial and industrial		$	31	$	40	Third party appraisal and/or internal evaluation	Discount to appraised value (1); estimated selling costs		5.6% to 50%

	Residential mortgages			3,107		3,097	Third party appraisal	Discount to appraised value		25%

	Home equity			104		98	Third party appraisal	Discount to appraised value		25%

	Consumer			96		98	Third party appraisal	Discount to appraised value		25%
	Total		$	3,338	$	3,333

	-1	The Company also makes adjustments to the appraised value based upon evaluation of corporate assets, such as inventory and accounts receivable, and various other information, such as market conditions and other factors. Higher discounts may be applied to certain assets, such as inventory and accounts receivable.
Valuation of financial instruments measured at fair value on recurring basis	The following presents fair value measurements on a recurring basis at March 31, 2015 and December 31, 2014 (in thousands):

					Fair Value Measurements Using
	Assets:		31-Mar-15		Significant Other			Significant
					Observable Inputs			Unobservable Inputs
					(Level 2)			(Level 3)
	U.S. Government agency securities		$	38,709	$	38,709		$	-
	Obligations of states and political subdivisions			133,924		133,924			-
	Collateralized mortgage obligations			21,391		21,391			-
	Mortgage-backed securities			91,084		91,084			-
	Corporate bonds			6,449		6,449			-
	Total		$	291,557	$	291,557		$	-

	Liabilities:
	Derivatives			752	$	-		$	752
	Total		$	752	$	-		$	752

					Fair Value Measurements Using
	Assets:		31-Dec-14		Significant Other			Significant
					Observable Inputs			Unobservable Inputs
					(Level 2)			(Level 3)
	U.S. Government agency securities		$	41,577	$	41,577		$	-
	Obligations of states and political subdivisions			137,769		137,769			-
	Collateralized mortgage obligations			21,997		21,997			-
	Mortgage-backed securities			90,919		90,919			-
	Corporate bonds			6,408		6,408			-
	Total		$	298,670	$	298,670		$	-

	Liabilities:
	Derivatives			752	$	-		$	752
	Total		$	752	$	-		$	752
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis	Reconciliations for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follow (in thousands).

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

			Three Months Ended March 31,
			2015		2014
			Liabilities		Liabilities
			Derivatives		Derivatives
	Balance, January 1		$	752	$	932
	Net change			-		-
	Balance, March 31		$	752	$	932

BORROWINGS_Tables

BORROWINGS (Tables)	3 Months Ended
BORROWINGS (Tables)	Mar. 31, 2015
BORROWINGS [Abstract]
Schedule of components of short- and long-term interest-bearing liabilities	The following summarizes borrowed funds at March 31, 2015 and December 31, 2014 (dollars in thousands):

	31-Mar-15	Federal Home Loan			Federal Funds			Total
	31-Mar-15	Bank Borrowings			Purchased			Total
	Daily average outstanding	$	124,111		$	-		$	124,111
	Total interest cost		108			-			108
	Average interest rate paid		0.35	%		-	%		0.35	%
	Maximum amount outstanding at any month-end	$	155,000		$	-		$	155,000
	March 31 balance		90,000			-			90,000
	Weighted-average interest rate on balances outstanding		0.34	%		-	%		0.34	%

	31-Dec-14	Federal Home Loan			Federal Funds			Total
	31-Dec-14	Bank Borrowings			Purchased			Total
	Daily average outstanding	$	13,051		$	8		$	13,059
	Total interest cost		48			-			48
	Average interest rate paid		0.37	%		0.46	%		0.37	%
	Maximum amount outstanding at any month-end	$	130,000		$	-		$	130,000
	December 31 balance		130,000			-			130,000
	Weighted-average interest rate on balances outstanding		0.32	%		-	%		0.32	%

FINANCIAL_STATEMENT_PRESENTATI3

FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
	Corporation	Mar. 31, 2014
Summary of Significant Accounting Policies [Abstract]
Ownership percentage (in hundredths)	100.00%
Number of corporation used to acquire foreclosed real estate	2
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average common shares outstanding (in shares)	11,602,924	11,573,014
Weighted average unvested restricted shares (in shares)	91,503	0
Weighted average shares for basic earnings per share	11,694,427	11,573,014
Additional diluted shares:
Stock options (in shares)	68,672	58,448
Weighted average shares for diluted earnings per share (in shares)	11,763,099	11,631,462
Loans and Loan Interest Income Recognition [Abstract]
Maximum period for accrued interest for all class of loans	90 days
Allowance for Loan Losses [Abstract]
Threshold for non-accrual loans to be evaluated individually for impairment	$250

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME ("AOCI") (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	($6,843)	($7,289)
Other comprehensive income (loss) before reclassifications	1,091	3,067
Amounts reclassified from AOCI	25	21
Net other comprehensive income (loss)	1,116	3,088
Ending balance	-5,727	-4,201
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net gain on sale of securities available for sale	26	0
Interest income - U.S. Government agency obligations	-541	-628
Income tax expense	1,241	1,111
Net income	-4,009	-3,720
Reclassification Out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net gain on sale of securities available for sale	26	0
Interest income - U.S. Government agency obligations	-68	-33
Income tax expense	17	12
Net income	-25	-21
Unrealized Gains and Losses on Available for Sale Securities [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	2,637	-4,095
Other comprehensive income (loss) before reclassifications	1,091	4,700
Amounts reclassified from AOCI	-16	0
Net other comprehensive income (loss)	1,075	4,700
Ending balance	3,712	605
Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	-1,805	0
Other comprehensive income (loss) before reclassifications	0	-1,633
Amounts reclassified from AOCI	41	21
Net other comprehensive income (loss)	41	-1,612
Ending balance	-1,764	-1,612
Pension and Post-Retirement Plan Items [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	-7,675	-3,194
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from AOCI	0	0
Net other comprehensive income (loss)	0	0
Ending balance	($7,675)	($3,194)

INVESTMENT_SECURITIES_Amortize

INVESTMENT SECURITIES, Amortized Cost, Estimated Values and Gross Unrealized Gains and Losses (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
INVESTMENT SECURITIES [Abstract]
Investment securities transferred from available for sale to held to maturity, fair value			$48,000,000
Investment securities transferred from available for sale to held to maturity, unrealized gain (loss)	0	31,286,000	3,200,000
Available for sale [Abstract]
Amortized Cost	285,419,000		294,310,000
Gross Unrealized Gains	7,295,000		7,070,000
Gross Unrealized Losses	-1,157,000		-2,710,000
Investment securities available for sale	291,557,000		298,670,000
Held to maturity [Abstract]
Amortized Cost	62,191,000		62,270,000
Gross Unrealized Gains	3,223,000		2,526,000
Gross Unrealized Losses	0		0
Fair Value	65,414,000		64,796,000
Total investment securities [Abstract]
Total investment securities, Amortized Cost	347,610,000		356,580,000
Total Gross Unrealized Gains	10,518,000		9,596,000
Total Gross Unrealized Losses	-1,157,000		-2,710,000
Total investment securities, Fair Value	356,971,000		363,466,000
Investment securities pledged	246,000,000		245,000,000
U.S. Government Agency Securities [Member]
Held to maturity [Abstract]
Amortized Cost	48,433,000		48,365,000
Gross Unrealized Gains	2,431,000		1,717,000
Gross Unrealized Losses	0		0
Fair Value	50,864,000		50,082,000
Obligations of States and Political Subdivisions [Member]
Held to maturity [Abstract]
Amortized Cost	13,758,000		13,905,000
Gross Unrealized Gains	792,000		809,000
Gross Unrealized Losses	0		0
Fair Value	14,550,000		14,714,000
U.S. Government Agency Securities [Member]
Available for sale [Abstract]
Amortized Cost	38,974,000		42,474,000
Gross Unrealized Gains	8,000		0
Gross Unrealized Losses	-273,000		-897,000
Investment securities available for sale	38,709,000		41,577,000
Obligations of States and Political Subdivisions [Member]
Available for sale [Abstract]
Amortized Cost	127,440,000		131,300,000
Gross Unrealized Gains	6,484,000		6,469,000
Gross Unrealized Losses	0		0
Investment securities available for sale	133,924,000		137,769,000
Collateralized Mortgage Obligations [Member]
Available for sale [Abstract]
Amortized Cost	21,470,000		22,105,000
Gross Unrealized Gains	273,000		423,000
Gross Unrealized Losses	-352,000		-531,000
Investment securities available for sale	21,391,000		21,997,000
Mortgage-Backed Securities [Member]
Available for sale [Abstract]
Amortized Cost	91,211,000		92,095,000
Gross Unrealized Gains	388,000		88,000
Gross Unrealized Losses	-515,000		-1,264,000
Investment securities available for sale	91,084,000		90,919,000
Corporate Bonds [Member]
Available for sale [Abstract]
Amortized Cost	6,324,000		6,336,000
Gross Unrealized Gains	142,000		90,000
Gross Unrealized Losses	-17,000		-18,000
Investment securities available for sale	$6,449,000		$6,408,000

INVESTMENT_SECURITIES_Amortize1

INVESTMENT SECURITIES, Amortized Cost, Maturities and Approximate Fair Value (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Amortized Cost [Abstract]
Due in one year or less	$28,100
Due from one to five years	143,494
Due from five to ten years	113,825
Amortized Cost	285,419	294,310
Fair Value [Abstract]
Due in one year or less	28,595
Due from one to five years	147,769
Due from five to ten years	115,193
Total securities available for sale	291,557	298,670
Amortized Cost [Abstract]
Due in one year or less	1,630
Due from one to five years	5,392
Due from five to ten years	32,073
Due after ten years	23,096
Total securities held to maturity	62,191
Total investment securities, Amortized Cost	347,610	356,580
Fair Value [Abstract]
Due in one year or less	1,644
Due from one to five years	5,792
Due from five to ten years	33,256
Due after ten years	24,722
Total securities held to maturity	65,414
Total investment securities, Fair Value	$356,971	$363,466

INVESTMENT_SECURITIES_Securiti

INVESTMENT SECURITIES, Securities Sales And Continuous Unrealized Loss Position Of Securities Held (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Proceeds from sales of securities available for sale and the associated realized securities gains and losses [Abstract]
Proceeds	$531	$0
Gross realized gains	26	0
Gross realized losses	0	0
Net realized gains	26	0
Length of time individual securities for held-to-maturity and available-for-sale held in a continuous unrealized loss position [Abstract]
Less than 12 months Fair Value	34,631		0
Less than 12 months Unrealized Losses	-175		0
12 months or longer Fair Value	58,405		134,486
12 months or longer Unrealized Losses	-982		-2,710
Total Fair Value	93,036		134,486
Total Unrealized Losses	-1,157		-2,710
U.S. Government Agency Securities [Member]
Length of time individual securities for held-to-maturity and available-for-sale held in a continuous unrealized loss position [Abstract]
Less than 12 months Fair Value	13,919		0
Less than 12 months Unrealized Losses	-60		0
12 months or longer Fair Value	19,787		41,577
12 months or longer Unrealized Losses	-213		-897
Total Fair Value	33,706		41,577
Total Unrealized Losses	-273		-897
Collateralized Mortgage Obligations [Member]
Length of time individual securities for held-to-maturity and available-for-sale held in a continuous unrealized loss position [Abstract]
Less than 12 months Fair Value	0		0
Less than 12 months Unrealized Losses	0		0
12 months or longer Fair Value	8,476		8,417
12 months or longer Unrealized Losses	-352		-531
Total Fair Value	8,476		8,417
Total Unrealized Losses	-352		-531
Mortgage-Backed Securities [Member]
Length of time individual securities for held-to-maturity and available-for-sale held in a continuous unrealized loss position [Abstract]
Less than 12 months Fair Value	20,712		0
Less than 12 months Unrealized Losses	-115		0
12 months or longer Fair Value	27,159		81,510
12 months or longer Unrealized Losses	-400		-1,264
Total Fair Value	47,871		81,510
Total Unrealized Losses	-515		-1,264
Corporate Bonds [Member]
Length of time individual securities for held-to-maturity and available-for-sale held in a continuous unrealized loss position [Abstract]
Less than 12 months Fair Value	0		0
Less than 12 months Unrealized Losses	0		0
12 months or longer Fair Value	2,983		2,982
12 months or longer Unrealized Losses	-17		-18
Total Fair Value	2,983		2,982
Total Unrealized Losses	($17)		($18)

INVESTMENT_SECURITIES_Other_Di

INVESTMENT SECURITIES, Other Disclosures (Details) (USD $)	3 Months Ended			12 Months Ended
INVESTMENT SECURITIES, Other Disclosures (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Investment securities other disclosures [Abstract]
Sale of Visa Class B equity securities (in shares)				100,000
Proceeds from sale of Visa Shares				$7,800,000
Contingent liability from counterparty estimated future exposure from Visa litigation	752,000	752,000
Payment to the purchaser of Visa Class B shares		180,000
Carrying Costs For Visa Litigation Expensed In The Period	70,000		59,000
US Government agency securities held as available-for-sale pledged as collateral	$3,000,000
Shares of Visa Class B securities held (in shares)	38,638

LOANS_Details

LOANS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Categorizes total loans [Abstract]
Gross Loans	$1,382,160	$1,355,427
Allowance for loan losses	-19,325	-19,200	-17,737	-17,263
Net loans	1,362,835	1,336,227
Commercial and Industrial [Member]
Categorizes total loans [Abstract]
Gross Loans	178,812	177,813
Commercial Real Estate [Member]
Categorizes total loans [Abstract]
Gross Loans	579,873	560,524
Allowance for loan losses	-7,352	-6,777	-7,208	-6,572
Multifamily [Member]
Categorizes total loans [Abstract]
Gross Loans	322,229	309,666
Allowance for loan losses	-4,467	-4,018	-2,640	-2,159
Mixed Use Commercial [Member]
Categorizes total loans [Abstract]
Gross Loans	35,333	34,806
Allowance for loan losses	-273	-261	-87	-54
Real Estate Construction [Member]
Categorizes total loans [Abstract]
Gross Loans	24,608	26,206
Allowance for loan losses	-360	-383	-217	-88
Residential Mortgages [Member]
Categorizes total loans [Abstract]
Gross Loans	184,977	187,828
Allowance for loan losses	-2,618	-3,027	-2,627	-2,463
Home Equity [Member]
Categorizes total loans [Abstract]
Gross Loans	49,440	50,982
Consumer [Member]
Categorizes total loans [Abstract]
Gross Loans	6,888	7,602
Allowance for loan losses	($155)	($166)

LOANS_Analysis_of_Changes_in_t

LOANS, Analysis of Changes in the Allowances for Loan Losses (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Allowance for loan losses [Abstract]
Balance, Beginning of Period	$19,200	$17,263
Charge-offs	-493	-117
Recoveries	368	341
Provision (credit) for loan losses	250	250
Balance, End of Period	19,325	17,737
Number of months of performance trouble debt restructuring returns to accrual status	6 months
Commercial and Industrial [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	1,560	2,615
Charge-offs	-492	-115
Recoveries	343	293
Provision (credit) for loan losses	587	-312
Balance, End of Period	1,998	2,481
Commercial Real Estate [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	6,777	6,572
Charge-offs	0	0
Recoveries	7	12
Provision (credit) for loan losses	568	624
Balance, End of Period	7,352	7,208
Multifamily [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	4,018	2,159
Charge-offs	0	0
Recoveries	0	0
Provision (credit) for loan losses	449	481
Balance, End of Period	4,467	2,640
Mixed Use Commercial [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	261	54
Charge-offs	0	0
Recoveries	0	0
Provision (credit) for loan losses	12	33
Balance, End of Period	273	87
Real Estate Construction [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	383	88
Charge-offs	0	0
Recoveries	0	0
Provision (credit) for loan losses	-23	129
Balance, End of Period	360	217
Residential Mortgages [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	3,027	2,463
Charge-offs	0	0
Recoveries	11	4
Provision (credit) for loan losses	-420	160
Balance, End of Period	2,618	2,627
Home Equity [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	709	745
Charge-offs	0	0
Recoveries	2	27
Provision (credit) for loan losses	17	-54
Balance, End of Period	728	718
Consumer [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	166	241
Charge-offs	-1	-2
Recoveries	5	5
Provision (credit) for loan losses	-15	-58
Balance, End of Period	155	186
Unallocated [Member]
Allowance for loan losses [Abstract]
Balance, Beginning of Period	2,299	2,326
Charge-offs	0	0
Recoveries	0	0
Provision (credit) for loan losses	-925	-753
Balance, End of Period	$1,374	$1,573

LOANS_Loans_and_Allowance_for_

LOANS, Loans and Allowance for Loan Losses Impairment Evaluations (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	$1,028	$1,005
Ending balance: collectively evaluated for impairment	18,297	18,195
Ending balance	19,325	19,200	17,737	17,263
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	21,785	22,415
Ending balance: collectively evaluated for impairment	1,360,375	1,333,012
Total loans	1,382,160	1,355,427
Commercial and Industrial [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	10	16
Ending balance: collectively evaluated for impairment	1,988	1,544
Ending balance	1,998	1,560	2,481	2,615
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	3,764	4,889
Ending balance: collectively evaluated for impairment	175,048	172,924
Total loans	178,812	177,813
Commercial Real Estate [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	7,352	6,777
Ending balance	7,352	6,777	7,208	6,572
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	10,302	10,214
Ending balance: collectively evaluated for impairment	569,571	550,310
Total loans	579,873	560,524
Multifamily [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	4,467	4,018
Ending balance	4,467	4,018	2,640	2,159
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	322,229	309,666
Total loans	322,229	309,666
Mixed Use Commercial [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	273	261
Ending balance	273	261	87	54
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	35,333	34,806
Total loans	35,333	34,806
Real Estate Construction [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	360	383
Ending balance	360	383	217	88
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	24,608	26,206
Total loans	24,608	26,206
Residential Mortgages [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	771	809
Ending balance: collectively evaluated for impairment	1,847	2,218
Ending balance	2,618	3,027	2,627	2,463
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	5,651	5,422
Ending balance: collectively evaluated for impairment	179,326	182,406
Total loans	184,977	187,828
Home Equity [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	159	92
Ending balance: collectively evaluated for impairment	569	617
Ending balance	728	709	718	745
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	1,670	1,567
Ending balance: collectively evaluated for impairment	47,770	49,415
Total loans	49,440	50,982
Consumer [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	88	88
Ending balance: collectively evaluated for impairment	67	78
Ending balance	155	166
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	398	323
Ending balance: collectively evaluated for impairment	6,490	7,279
Total loans	6,888	7,602
Unallocated [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	1,374	2,299
Ending balance	1,374	2,299	1,573	2,326
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	0	0
Total loans	$0	$0

LOANS_Summary_of_Impaired_Loan

LOANS, Summary of Impaired Loans (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	$17,984		$18,624
Impaired loans with an allowance recorded, Unpaid Principal Balance	4,501		4,474
Impaired loans, Unpaid Principal Balance, Total	22,485		23,098
Impaired loans with no allowance recorded, Recorded Investment	17,419		18,077
Impaired loans with an allowance recorded, Recorded Investment	4,366		4,338
Impaired Loans, Recorded Investment, Total	21,785		22,415
Impaired Loans, No Allowance Allocated	0		0
Impaired Loans, Allowance Allocated	1,028		1,005
Average recorded investment in impaired loans	22,215	25,102
Interest income recognized on impaired loans	137	261
Commercial and Industrial [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	3,723		4,833
Impaired loans with an allowance recorded, Unpaid Principal Balance	42		57
Impaired loans with no allowance recorded, Recorded Investment	3,723		4,833
Impaired loans with an allowance recorded, Recorded Investment	41		56
Impaired Loans, No Allowance Allocated	0		0
Impaired Loans, Allowance Allocated	10		16
Average recorded investment in impaired loans	4,551	7,567
Interest income recognized on impaired loans	33	107
Commercial Real Estate [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	10,721		10,632
Impaired loans with no allowance recorded, Recorded Investment	10,302		10,214
Impaired Loans, No Allowance Allocated	0		0
Average recorded investment in impaired loans	10,208	11,558
Interest income recognized on impaired loans	50	99
Residential Mortgages [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	1,919		1,645
Impaired loans with an allowance recorded, Unpaid Principal Balance	3,877		3,906
Impaired loans with no allowance recorded, Recorded Investment	1,773		1,516
Impaired loans with an allowance recorded, Recorded Investment	3,878		3,906
Impaired Loans, No Allowance Allocated	0		0
Impaired Loans, Allowance Allocated	771		809
Average recorded investment in impaired loans	5,411	5,036
Interest income recognized on impaired loans	38	36
Home Equity [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	1,407		1,377
Impaired loans with an allowance recorded, Unpaid Principal Balance	400		326
Impaired loans with no allowance recorded, Recorded Investment	1,407		1,377
Impaired loans with an allowance recorded, Recorded Investment	263		190
Impaired Loans, No Allowance Allocated	0		0
Impaired Loans, Allowance Allocated	159		92
Average recorded investment in impaired loans	1,662	771
Interest income recognized on impaired loans	13	17
Consumer [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	214		137
Impaired loans with an allowance recorded, Unpaid Principal Balance	182		185
Impaired loans with no allowance recorded, Recorded Investment	214		137
Impaired loans with an allowance recorded, Recorded Investment	184		186
Impaired Loans, No Allowance Allocated	0		0
Impaired Loans, Allowance Allocated	88		88
Average recorded investment in impaired loans	383	170
Interest income recognized on impaired loans	$3	$2

LOANS_Loans_Modified_as_Troubl

LOANS, Loans Modified as Troubled Debt Restructurings (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	Loan	Loan	Loan
Troubled debt restructuring at end of period [Abstract]
Number of Loans	71		70
Outstanding Recorded Balance	$18,741		$19,673
Troubled debt restructured during year [Abstract]
Number of Loans	3	3
Pre-Modification, Outstanding Recorded Balance	206	377
Post-modification, Outstanding Recorded Balance	211	377
Defaulted Troubled Debt Restructurings [Member]
Troubled debt restructured during year [Abstract]
Number of Loans	0	2
Pre-Modification, Outstanding Recorded Balance	0	1,596
Commercial and Industrial [Member]
Troubled debt restructuring at end of period [Abstract]
Number of Loans	30		31
Outstanding Recorded Balance	2,721		3,683
Troubled debt restructured during year [Abstract]
Number of Loans	1	3
Pre-Modification, Outstanding Recorded Balance	12	377
Post-modification, Outstanding Recorded Balance	12	377
Commercial Real Estate [Member]
Troubled debt restructuring at end of period [Abstract]
Number of Loans	8		8
Outstanding Recorded Balance	10,057		10,179
Commercial Real Estate [Member] \| Defaulted Troubled Debt Restructurings [Member]
Troubled debt restructured during year [Abstract]
Number of Loans	0	2
Pre-Modification, Outstanding Recorded Balance	0	1,596
Residential Mortgages [Member]
Troubled debt restructuring at end of period [Abstract]
Number of Loans	21		19
Outstanding Recorded Balance	4,478		4,314
Troubled debt restructured during year [Abstract]
Number of Loans	2	0
Pre-Modification, Outstanding Recorded Balance	194	0
Post-modification, Outstanding Recorded Balance	199	0
Home Equity [Member]
Troubled debt restructuring at end of period [Abstract]
Number of Loans	5		5
Outstanding Recorded Balance	1,208		1,216
Consumer [Member]
Troubled debt restructuring at end of period [Abstract]
Number of Loans	7		7
Outstanding Recorded Balance	$277		$281

LOANS_Summary_of_NonPerforming

LOANS, Summary of Non-Performing Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Summary of non-performing assets [Abstract]
Non-accrual loans	$12,292	$12,981
Non-accrual loans held for sale	0	0
Loans 90 days past due and still accruing	0	0
OREO	0	0
Total non-performing assets	12,292	12,981
TDRs accruing interest	9,418	9,380
TDRs non-accruing	$9,323	$10,293

LOANS_Loans_and_Allowance_for_1

LOANS, Loans and Allowance for Loan Losses by Risk Rating (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$12,292		$12,981
Percentage of Total (in hundredths)	100.00%		100.00%
Total Loans	1,382,160		1,355,427
Percentage of Total Loans (in hundredths)	0.90%		1.00%
Additional interest income for the non-accrual loans outstanding at the end of the reported periods	180	494
Commercial and Industrial [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	3,035		4,060
Percentage of Total (in hundredths)	24.70%		31.30%
Total Loans	178,812		177,813
Percentage of Total Loans (in hundredths)	0.20%		0.30%
Commercial Real Estate [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	6,647		6,556
Percentage of Total (in hundredths)	54.10%		50.50%
Total Loans	579,873		560,524
Percentage of Total Loans (in hundredths)	0.50%		0.50%
Multifamily [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	0		0
Percentage of Total (in hundredths)	0.00%		0.00%
Total Loans	322,229		309,666
Percentage of Total Loans (in hundredths)	0.00%		0.00%
Mixed Use Commercial [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	0		0
Percentage of Total (in hundredths)	0.00%		0.00%
Total Loans	35,333		34,806
Percentage of Total Loans (in hundredths)	0.00%		0.00%
Real Estate Construction [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	0		0
Percentage of Total (in hundredths)	0.00%		0.00%
Total Loans	24,608		26,206
Percentage of Total Loans (in hundredths)	0.00%		0.00%
Residential Mortgages [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	2,074		2,020
Percentage of Total (in hundredths)	16.90%		15.60%
Total Loans	184,977		187,828
Percentage of Total Loans (in hundredths)	0.20%		0.10%
Home Equity [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	414		303
Percentage of Total (in hundredths)	3.30%		2.30%
Total Loans	49,440		50,982
Percentage of Total Loans (in hundredths)	0.00%		0.10%
Consumer [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	122		42
Percentage of Total (in hundredths)	1.00%		0.30%
Total Loans	$6,888		$7,602
Percentage of Total Loans (in hundredths)	0.00%		0.00%

LOANS_Loans_Current_and_Past_D

LOANS, Loans Current and Past Due by Aging Categories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Summary of current and past due loans [Abstract]
30-59 days past due	$722	$933
60-89 days past due	379	430
90 days and over past due	12,292	12,981
Total past due	13,393	14,344
Current	1,368,767	1,341,083
Total loans	1,382,160	1,355,427
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due (in hundredths)	0.10%	0.10%
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due (in hundredths)	0.00%	0.00%
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due (in hundredths)	0.90%	1.00%
Financing Receivable, Recorded Investment, Past Due (in hundredths)	1.00%	1.10%
Financing Receivable, Recorded Investment, Current (in hundredths)	99.00%	98.90%
Total (in hundredths)	100.00%	100.00%
Commercial and Industrial [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	8	52
60-89 days past due	379	241
90 days and over past due	3,035	4,060
Total past due	3,422	4,353
Current	175,390	173,460
Total loans	178,812	177,813
Commercial Real Estate [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	0	0
60-89 days past due	0	0
90 days and over past due	6,647	6,556
Total past due	6,647	6,556
Current	573,226	553,968
Total loans	579,873	560,524
Multifamily [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	0	0
60-89 days past due	0	0
90 days and over past due	0	0
Total past due	0	0
Current	322,229	309,666
Total loans	322,229	309,666
Mixed Use Commercial [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	0	0
60-89 days past due	0	0
90 days and over past due	0	0
Total past due	0	0
Current	35,333	34,806
Total loans	35,333	34,806
Real Estate Construction [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	0	0
60-89 days past due	0	0
90 days and over past due	0	0
Total past due	0	0
Current	24,608	26,206
Total loans	24,608	26,206
Residential Mortgages [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	505	822
60-89 days past due	0	0
90 days and over past due	2,074	2,020
Total past due	2,579	2,842
Current	182,398	184,986
Total loans	184,977	187,828
Home Equity [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	199	0
60-89 days past due	0	112
90 days and over past due	414	303
Total past due	613	415
Current	48,827	50,567
Total loans	49,440	50,982
Consumer [Member]
Summary of current and past due loans [Abstract]
30-59 days past due	10	59
60-89 days past due	0	77
90 days and over past due	122	42
Total past due	132	178
Current	6,756	7,424
Total loans	$6,888	$7,602

LOANS_Loans_by_Internal_Assign

LOANS, Loans by Internal Assigned Grade for Credit Risk (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Credit risk profile by internally assigned grade [Abstract]
Total	$1,382,160	$1,355,427
Total (in hundredths)	100.00%	100.00%
Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	1,338,134	1,315,247
Total (in hundredths)	96.80%	97.00%
Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	18,938	10,407
Total (in hundredths)	1.40%	0.80%
Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	25,088	29,773
Total (in hundredths)	1.80%	2.20%
Commercial and Industrial [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	178,812	177,813
Commercial and Industrial [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	165,527	167,922
Commercial and Industrial [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	3,543	1,225
Commercial and Industrial [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	9,742	8,666
Commercial Real Estate [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	579,873	560,524
Commercial Real Estate [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	553,861	536,536
Commercial Real Estate [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	15,395	9,182
Commercial Real Estate [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	10,617	14,806
Multifamily [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	322,229	309,666
Multifamily [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	322,229	309,666
Multifamily [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Multifamily [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Mixed Use Commercial [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	35,333	34,806
Mixed Use Commercial [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	35,313	34,806
Mixed Use Commercial [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Mixed Use Commercial [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	20	0
Real Estate Construction [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	24,608	26,206
Real Estate Construction [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	24,608	26,206
Real Estate Construction [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Real Estate Construction [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Residential Mortgages [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	184,977	187,828
Residential Mortgages [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	181,809	183,263
Residential Mortgages [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Residential Mortgages [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	3,168	4,565
Home Equity [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	49,440	50,982
Home Equity [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	48,021	49,569
Home Equity [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Home Equity [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	1,419	1,413
Consumer [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	6,888	7,602
Consumer [Member] \| Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	6,766	7,279
Consumer [Member] \| Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	0	0
Consumer [Member] \| Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total	$122	$323

LOANS_Textual_Details

LOANS, Textual (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Allowance for Loan Losses (Additional Textual) [Abstract]
Number of consecutive years	5 years
Threshold loan amount for annual rating review	$500
Allocation of specific reserve regarding troubled debt restructuring	745	790
Troubled debt restructuring funds committed	$45	$100
Minimum repayment period	2 years

EMPLOYEE_BENEFITS_Details

EMPLOYEE BENEFITS (Details) (USD $)	3 Months Ended		12 Months Ended
EMPLOYEE BENEFITS (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2012
EMPLOYEE BENEFITS [Abstract]
Net periodic pension credit	($111)	($91)
Optional required contribution for pension plan			1,000,000
Minimum required contribution for the pension plan			0
Additional minimum required contribution for the pension plan				$0

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, new shares (in shares)	1,000	0
Number of Shares [Roll Forward]
Outstanding at beginning (in shares)	251,100
Granted (in shares)	0
Exercised (in shares)	-1,000
Forfeited or expired (in shares)	-10,000
Outstanding at ending (in shares)	240,100
Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning (in dollars per share)	$16.33
Granted (in dollars per share)	$0
Exercised (in dollars per share)	$18.18
Forfeited or expired (in dollars per share)	$22.84
Outstanding at ending (in dollars per share)	$16.06
Summary of options outstanding and exercisable [Abstract]
Weighted-Average Remaining Contractual Life	7 years
Total Shares Outstanding (in shares)	240,100
Total Weighted-Average Exercise Price (in dollars per share)	$16.06
Total Shares Exercisable (in shares)	147,772
Total Weighted-Average Remaining Contractual Life	6 years 7 months 6 days
Total Weighted-Average Exercise Price (in dollars per share)	$16.59
Compensation expense	$222	$165
$10.00 - $14.00 [Member]
Summary of options outstanding and exercisable [Abstract]
Exercise price range, Lower limit (in dollars per share)	$10
Exercise price range, Upper limit (in dollars per share)	$14
Shares Outstanding (in shares)	120,000
Weighted-Average Remaining Contractual Life	6 years 10 months 24 days
Weighted-Average Exercise Price (in dollars per share)	$11.97
Shares Exercisable (in shares)	83,334
Weighted-Average Remaining Contractual Life	6 years 10 months 24 days
Weighted-Average Exercise Price (in dollars per share)	$12.45
$14.01 - $20.00 [Member]
Summary of options outstanding and exercisable [Abstract]
Exercise price range, Lower limit (in dollars per share)	$14.01
Exercise price range, Upper limit (in dollars per share)	$20
Shares Outstanding (in shares)	98,100
Weighted-Average Remaining Contractual Life	8 years 3 months 18 days
Weighted-Average Exercise Price (in dollars per share)	$17.47
Shares Exercisable (in shares)	42,438
Weighted-Average Remaining Contractual Life	8 years 2 months 12 days
Weighted-Average Exercise Price (in dollars per share)	$16.73
$20.01 - $30.00 [Member]
Summary of options outstanding and exercisable [Abstract]
Exercise price range, Lower limit (in dollars per share)	$20.01
Exercise price range, Upper limit (in dollars per share)	$30
Shares Outstanding (in shares)	5,000
Weighted-Average Remaining Contractual Life	3 years 9 months 18 days
Weighted-Average Exercise Price (in dollars per share)	$28.30
Shares Exercisable (in shares)	5,000
Weighted-Average Remaining Contractual Life	3 years 9 months 18 days
Weighted-Average Exercise Price (in dollars per share)	$28.30
$30.01 - $40.00 [Member]
Summary of options outstanding and exercisable [Abstract]
Exercise price range, Lower limit (in dollars per share)	$30.01
Exercise price range, Upper limit (in dollars per share)	$40
Shares Outstanding (in shares)	17,000
Weighted-Average Remaining Contractual Life	1 year 9 months 18 days
Weighted-Average Exercise Price (in dollars per share)	$33.12
Shares Exercisable (in shares)	17,000
Weighted-Average Remaining Contractual Life	1 year 9 months 18 days
Weighted-Average Exercise Price (in dollars per share)	$33.12
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of SAR's (in dollars per share)	$0
Number of Shares [Roll Forward]
Outstanding at ending (in shares)	6,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercise period	3 years
Vesting rate	0.33333
Number of Shares [Roll Forward]
Outstanding at beginning (in shares)	72,350
Granted (in shares)	51,562
Vested (in shares)	0
Forfeited or expired (in shares)	-4,975
Outstanding at ending (in shares)	118,937
Weighted Average Grant-Date Fair Value [Roll Forward]
Outstanding at beginning (in dollars per shares)	$22.51
Granted (in dollars per share)	$22.76
Vested (in dollars per share)	$0
Forfeited or expired (in dollars per share)	$22.52
Outstanding at ending (in dollars per share)	$22.62
Remaining unrecognized compensation cost	2,100
Remaining unrecognized compensation cost remaining vesting period	2 years 4 months 24 days
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercise period			3 years	3 years	3 years
Vesting rate			0.33333	0.33333	0.33333
Total intrinsic value of options exercised	6
Total cash received from option exercises	19
Maximum [Member] \| Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercise period	10 years
2009 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company's common stock reserved for issuance (in shares)	500,000
Common stock available for possible issuance (in shares)	166,561
Weighted Average Grant-Date Fair Value [Roll Forward]
Remaining unrecognized compensation cost	$211
Remaining unrecognized compensation cost remaining vesting period	1 year 6 months
1999 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company's common stock reserved for issuance (in shares)	0

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
INCOME TAXES (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
INCOME TAXES [Abstract]
Income tax expense	$1,241,000	$1,111,000
Effective tax rate (in hundredths)	23.60%	23.00%
Unrecognized tax benefits	34,000	34,000	34,000
Unrecognized tax benefits accrued interest	0
Operating Loss Carryforwards [Line Items]
Valuation reserve	1,000,000
Operating loss carryforwards, expiration dates	31-Dec-32
Income Tax Reconciliation, Change in Enacted Tax Rate		462,000
Income Tax Reconciliation, Nondeductible Expense, Share-based Compensation Cost		454,000
Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	0
New York State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	23,000,000
Corporate tax rate, effective (in hundredths)	7.10%
Corporate tax rate, future - 2016 (in hundredths)	6.50%
Asset qualifying threshold for tax modification	8,000,000,000
Maximum mortgage threshold for loans	$5,000,000

REGULATORY_MATTERS_Details

REGULATORY MATTERS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Total Capital (to risk-weighted assets) [Abstract]
Actual capital ratios, Amount	$209,314	$201,476
Minimum for capital adequacy, Amount	122,866	121,608
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	153,582	152,010
Total Capital (to risk-weighted assets) Ratios [Abstract]
Actual capital ratios, Ratio (in hundredths)	13.63%	13.25%
Minimum for capital adequacy, Ratio (in hundredths)	8.00%	8.00%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio (in hundredths)	10.00%	10.00%
Tier 1 Capital (to risk-weighted assets) [Abstract]
Actual capital ratios, Amount	190,111	182,469
Minimum for capital adequacy, Amount	92,149	60,804
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	122,866	91,206
Tier 1 Capital (to risk-weighted assets) Ratio [Abstract]
Actual capital ratios, ratio (in hundredths)	12.38%	12.00%
Minimum for capital adequacy, Ratio (in hundredths)	6.00%	4.00%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio (in hundredths)	8.00%	6.00%
Common Equity Tier 1 Capital (to risk-weighted assets) [Abstract]
Actual capital ratios, Amount	190,111
Minimum for capital adequacy, Amount	69,112
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	99,829
Common Equity Tier 1 Capital (to risk-weighted assets) Ratios [Abstract]
Actual capital ratios, Ratio (in hundredths)	12.38%
Minimum for capital adequacy, Ratio (in hundredths)	4.50%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio (in hundredths)	6.50%
Tier 1 Capital (to average assets) [Abstract]
Actual capital ratios, Amount	190,111	182,469
Minimum for capital adequacy, Amount	75,915	73,312
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	$94,894	$91,640
Tier 1 Capital (to average assets) Ratios [Abstract]
Actual capital ratios, ratio (in hundredths)	10.02%	9.96%
Minimum for capital adequacy, Ratio (in hundredths)	4.00%	4.00%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio (in hundredths)	5.00%	5.00%
Tier 1 Leverage Capital ratio (in hundredths)	10.02%	9.96%
Tier 1 Risk-based Capital Ratio (in hundredths)	12.38%	12.00%
Common Equity Tier 1 Risk-based Capital Ratio (in hundredths)	12.38%
Total Risk-based Capital Ratio (in hundredths)	13.63%	13.25%
Parent Company [Member]
Total Capital (to risk-weighted assets) Ratios [Abstract]
Actual capital ratios, Ratio (in hundredths)	13.77%	13.35%
Tier 1 Capital (to risk-weighted assets) Ratio [Abstract]
Actual capital ratios, ratio (in hundredths)	12.52%	12.10%
Common Equity Tier 1 Capital (to risk-weighted assets) Ratios [Abstract]
Actual capital ratios, Ratio (in hundredths)	12.52%
Tier 1 Capital (to average assets) Ratios [Abstract]
Actual capital ratios, ratio (in hundredths)	10.13%	10.04%
Tier 1 Leverage Capital ratio (in hundredths)	10.13%	10.04%
Tier 1 Risk-based Capital Ratio (in hundredths)	12.52%	12.10%
Common Equity Tier 1 Risk-based Capital Ratio (in hundredths)	12.52%
Total Risk-based Capital Ratio (in hundredths)	13.77%	13.35%

FAIR_VALUE_Balance_Sheets_Grou

FAIR VALUE, Balance Sheets Grouping (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Financial Assets [Abstract]
Interest-bearing time deposits in other banks	$10,000		$10,000
Investment securities held to maturity	65,414		64,796
Investment securities available for sale	291,557		298,670
Financial Liabilities [Abstract]
Borrowings	90,000		130,000
Percentage of derivative in net sale proceeds (in hundredths)	10.00%
Carrying Amount [Member]
Financial Assets [Abstract]
Federal Reserve Bank, Federal Home Loan Bank and other stock	6,800		8,600
Carrying Amount [Member] \| Level 1 [Member]
Financial Assets [Abstract]
Cash and due from banks	59,024		54,516
Carrying Amount [Member] \| Level 2 [Member]
Financial Assets [Abstract]
Federal funds sold	0		1,000
Interest-bearing time deposits in other banks	10,000		10,000
Investment securities held to maturity	62,191		62,270
Investment securities available for sale	291,557		298,670
Loans held for sale	2,836		26,495
Accrued interest and loan fees receivable	6,482		5,676
Financial Liabilities [Abstract]
Non maturity deposits	1,368,484		1,337,301
Time deposits	223,188		218,759
Borrowings	90,000		130,000
Accrued interest payable	131		136
Carrying Amount [Member] \| Level 3 [Member]
Financial Liabilities [Abstract]
Derivatives	752		752
Carrying Amount [Member] \| Level 2/3 [Member]
Financial Assets [Abstract]
Loans, net of allowance	1,362,835	[1]	1,336,227	[1]
Fair Value [Member] \| Level 1 [Member]
Financial Assets [Abstract]
Cash and due from banks	59,024		54,516
Fair Value [Member] \| Level 2 [Member]
Financial Assets [Abstract]
Federal funds sold	0		1,000
Interest-bearing time deposits in other banks	10,009		10,017
Investment securities held to maturity	65,414		64,796
Investment securities available for sale	291,557		298,670
Loans held for sale	2,836		26,495
Accrued interest and loan fees receivable	6,482		5,676
Financial Liabilities [Abstract]
Non maturity deposits	1,368,484		1,337,301
Time deposits	223,570		219,089
Borrowings	90,003		130,004
Accrued interest payable	131		136
Fair Value [Member] \| Level 3 [Member]
Financial Liabilities [Abstract]
Derivatives	752		752
Fair Value [Member] \| Level 2/3 [Member]
Financial Assets [Abstract]
Loans, net of allowance	$1,364,305	[1]	$1,329,041	[1]

[1]	Impaired loans are generally classified within Level 3 of the fair value hierarchy.

FAIR_VALUE_Nonrecurring_Basis_

FAIR VALUE, Non-recurring Basis (Details) (Fair Value, Measurements, Nonrecurring [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets measured at fair value on a non-recurring basis [Abstract]
Impaired loans	$3,338	$3,333
Total	3,338	3,333
Significant Unobservable Inputs (Level 3) [Member]
Assets measured at fair value on a non-recurring basis [Abstract]
Impaired loans	3,338	3,333
Total	$3,338	$3,333

FAIR_VALUE_Nonrecurring_Basis_1

FAIR VALUE, Non-recurring Basis, Quantitative Information (Details) (Level 3 [Member], USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Total	$3,338		$3,333
Third Party Appraisal and or Internal Evaluation [Member] \| Commercial and Industrial [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Total	31		40
Third Party Appraisal and or Internal Evaluation [Member] \| Commercial and Industrial [Member] \| Minimum [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Discounts to appraisals for market conditions and selling costs (in hundredths)	5.60%	[1]
Third Party Appraisal and or Internal Evaluation [Member] \| Commercial and Industrial [Member] \| Maximum [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Discounts to appraisals for market conditions and selling costs (in hundredths)	50.00%	[1]
Third Party Appraisal [Member] \| Residential Mortgages [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Total	3,107		3,097
Discounts to appraisals for market conditions and selling costs (in hundredths)	25.00%
Third Party Appraisal [Member] \| Home Equity [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Total	104		98
Discounts to appraisals for market conditions and selling costs (in hundredths)	25.00%
Third Party Appraisal [Member] \| Consumer [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Total	$96		$98
Discounts to appraisals for market conditions and selling costs (in hundredths)	25.00%

[1]	The Company also makes adjustments to the appraised value based upon evaluation of corporate assets, such as inventory and accounts receivable, and various other information, such as market conditions and other factors. Higher discounts may be applied to certain assets, such as inventory and accounts receivable.

FAIR_VALUE_Recurring_Basis_Det

FAIR VALUE, Recurring Basis (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets [Abstract]
Total	$291,557	$298,670
Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Total	291,557	298,670
Liabilities [Abstract]
Total	752	752
Fair Value, Measurements, Recurring [Member] \| Derivative [Member]
Liabilities [Abstract]
Derivatives	752	752
Fair Value, Measurements, Recurring [Member] \| U.S. Government Agency Securities [Member]
Assets [Abstract]
Total	38,709	41,577
Fair Value, Measurements, Recurring [Member] \| Obligations of States and Political Subdivisions [Member]
Assets [Abstract]
Total	133,924	137,769
Fair Value, Measurements, Recurring [Member] \| Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Total	21,391	21,997
Fair Value, Measurements, Recurring [Member] \| Mortgage-backed Securities [Member]
Assets [Abstract]
Total	91,084	90,919
Fair Value, Measurements, Recurring [Member] \| Corporate Bonds [Member]
Assets [Abstract]
Total	6,449	6,408
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total	291,557	298,670
Liabilities [Abstract]
Total	0	0
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Derivative [Member]
Liabilities [Abstract]
Derivatives	0	0
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| U.S. Government Agency Securities [Member]
Assets [Abstract]
Total	38,709	41,577
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Obligations of States and Political Subdivisions [Member]
Assets [Abstract]
Total	133,924	137,769
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Total	21,391	21,997
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Mortgage-backed Securities [Member]
Assets [Abstract]
Total	91,084	90,919
Fair Value, Measurements, Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Corporate Bonds [Member]
Assets [Abstract]
Total	6,449	6,408
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total	0	0
Liabilities [Abstract]
Total	752	752
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Derivative [Member]
Liabilities [Abstract]
Derivatives	752	752
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| U.S. Government Agency Securities [Member]
Assets [Abstract]
Total	0	0
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Obligations of States and Political Subdivisions [Member]
Assets [Abstract]
Total	0	0
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Collateralized Mortgage Obligations [Member]
Assets [Abstract]
Total	0	0
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Mortgage-backed Securities [Member]
Assets [Abstract]
Total	0	0
Fair Value, Measurements, Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Corporate Bonds [Member]
Assets [Abstract]
Total	$0	$0

FAIR_VALUE_Reconciliations_for

FAIR VALUE, Reconciliations for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) (Liabilities Derivatives [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Liabilities Derivatives [Member]
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) [Rollforward]
Beginning balance	$752	$932
Net change	0	0
Ending balance	$752	$932

BORROWINGS_Details

BORROWINGS (Details) (USD $)	3 Months Ended	12 Months Ended
BORROWINGS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Daily average outstanding	$124,111,000	$13,059,000
Total interest cost	108,000	48,000
Average interest rate paid (in hundredths)	0.35%	0.37%
Maximum amount outstanding at any month-end	155,000,000	130,000,000
Ending, balance	90,000,000	130,000,000
Weighted-average interest rate on balances outstanding (in hundredths)	0.34%	0.32%
Assets pledged as collateral to the Federal Home Loan Bank	567,000,000	505,000,000
Federal Home Loan Bank borrowings	90,000,000	130,000,000
Federal Home Loan Bank Borrowings [Member]
Debt Instrument [Line Items]
Daily average outstanding	124,111,000	13,051,000
Total interest cost	108,000	48,000
Average interest rate paid (in hundredths)	0.35%	0.37%
Maximum amount outstanding at any month-end	155,000,000	130,000,000
Ending, balance	90,000,000	130,000,000
Weighted-average interest rate on balances outstanding (in hundredths)	0.34%	0.32%
Federal Funds Purchased [Member]
Debt Instrument [Line Items]
Daily average outstanding	0	8,000
Total interest cost	0	0
Average interest rate paid (in hundredths)	0.00%	0.46%
Maximum amount outstanding at any month-end	0	0
Ending, balance	$0	$0
Weighted-average interest rate on balances outstanding (in hundredths)	0.00%	0.00%