Suffolk Bancorp (SCNB) 10-K 27 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Feb. 10, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	SUFFOLK BANCORP
Entity Central Index Key	754,673
Current Fiscal Year End Date	--12-31
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		11,943,789
Entity Public Float			$ 359
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Cash and cash equivalents
Cash and non-interest-bearing deposits due from banks	$ 37,572	$ 75,272
Interest-bearing deposits due from banks	87,282	22,814
Total cash and cash equivalents	124,854	98,086
Federal Reserve and Federal Home Loan Bank stock and other investments	4,524	10,756
Investment securities:
Available for sale, at fair value	179,242	247,099
Held to maturity (fair value of $19,259 and $63,272, respectively)	18,780	61,309
Total investment securities	198,022	308,408
Loans	1,676,564	1,666,447
Allowance for loan losses	20,117	20,685
Net loans	1,656,447	1,645,762
Loans held for sale	0	1,666
Premises and equipment, net	24,725	23,240
Bank-owned life insurance	53,756	52,383
Deferred tax assets, net	14,384	15,845
Accrued interest and loan fees receivable	5,742	5,859
Goodwill and other intangibles	2,722	2,864
Other real estate owned ("OREO")	650	0
Other assets	6,465	3,723
TOTAL ASSETS	2,092,291	2,168,592
LIABILITIES & STOCKHOLDERS' EQUITY
Demand deposits	867,404	787,944
Savings, N.O.W. and money market deposits	774,075	768,036
Subtotal core deposits	1,641,479	1,555,980
Time deposits	196,703	224,643
Total deposits	1,838,182	1,780,623
Borrowings	15,000	165,000
Unfunded pension liability	7,997	6,428
Capital leases	4,261	4,395
Other liabilities	11,823	14,888
TOTAL LIABILITIES	1,877,263	1,971,334
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY
Common stock (par value $2.50; 15,000,000 shares authorized; issued 14,102,617 and 13,966,292, respectively; outstanding 11,936,879 and 11,800,554, respectively)	35,256	34,916
Surplus	49,532	46,239
Retained earnings	145,173	130,093
Treasury stock at par (2,165,738 shares)	(5,414)	(5,414)
Accumulated other comprehensive loss, net of tax	(9,519)	(8,576)
TOTAL STOCKHOLDERS' EQUITY	215,028	197,258
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,092,291	$ 2,168,592

CONSOLIDATED STATEMENTS OF CON3

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investment securities:
Held to maturity, fair value	$ 19,259	$ 63,272
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)	14,102,617	13,966,292
Common stock, shares outstanding (in shares)	11,936,879	11,800,554
Treasury stock, shares (in shares)	2,165,738	2,165,738

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INTEREST INCOME
Loans and loan fees	$ 70,128	$ 62,914	$ 53,570
U.S. Government agency obligations	676	2,079	2,320
Obligations of states and political subdivisions	3,400	4,774	5,812
Collateralized mortgage obligations	353	593	860
Mortgage-backed securities	1,846	1,767	1,936
Corporate bonds	630	311	253
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits due from banks	354	62	150
Dividends	332	280	152
Total interest income	77,719	72,780	65,053
INTEREST EXPENSE
Savings, N.O.W. and money market deposits	2,084	1,383	1,162
Time deposits	1,305	1,422	1,309
Borrowings	540	442	48
Total interest expense	3,929	3,247	2,519
Net interest income	73,790	69,533	62,534
(Credit) provision for loan losses	(500)	600	1,000
Net interest income after (credit) provision for loan losses	74,290	68,933	61,534
NON-INTEREST INCOME
Service charges on deposit accounts	2,449	3,042	3,681
Other service charges, commissions and fees	2,891	2,718	3,084
Fiduciary fees	0	0	1,023
Net gain on sale of securities available for sale	617	319	19
Net gain on sale of portfolio loans	457	568	217
Net gain on sale of mortgage loans originated for sale	292	356	283
Net gain on sale of premises and equipment	0	0	751
Income from bank-owned life insurance	1,373	1,274	1,355
Other operating income	404	317	487
Total non-interest income	8,483	8,594	10,900
OPERATING EXPENSES
Employee compensation and benefits	35,029	33,446	34,560
Occupancy expense	5,476	5,675	5,535
Equipment expense	1,829	1,636	1,730
Consulting and professional services	2,128	2,159	2,626
FDIC assessment	953	1,082	1,031
Data processing	811	2,123	2,204
Merger costs	2,434	0	0
Nonrecurring project costs	0	1,443	0
Other operating expenses	6,660	6,390	5,733
Total operating expenses	55,320	53,954	53,419
Income before income tax expense	27,453	23,573	19,015
Income tax expense	7,622	5,886	3,720
NET INCOME	$ 19,831	$ 17,687	$ 15,295
EARNINGS PER COMMON SHARE - BASIC (in dollars per share)	$ 1.67	$ 1.50	$ 1.32
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share)	$ 1.66	$ 1.49	$ 1.31
WEIGHTED AVERAGE COMMON SHARES - BASIC (in shares)	11,882,647	11,756,451	11,626,354
WEIGHTED AVERAGE COMMON SHARES - DILUTED (in shares)	11,972,372	11,833,504	11,682,142

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 19,831	$ 17,687	$ 15,295
Other comprehensive income (loss), net of tax and reclassification adjustments:
Net unrealized holding (loss) gain on securities available for sale arising during the period, net of tax of ($887), ($766) and $4,060, respectively	(1,334)	(1,201)	6,732
Change in unrealized gain (loss) on securities transferred from available for sale to held to maturity, net of tax of $881, $250 and ($1,180), respectively	1,324	410	(1,805)
Net actuarial adjustment on pension and post-retirement plan benefit obligation, net of tax of ($648), ($628) and ($2,929), respectively	(933)	(942)	(4,481)
Total other comprehensive (loss) income, net of tax	(943)	(1,733)	446
Total comprehensive income	$ 18,888	$ 15,954	$ 15,741

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Change in unrealized gain (loss) on securities available for sale, tax	$ (887)	$ (766)	$ 4,060
Change in unrealized gain on securities transferred, tax	881	250	(1,180)
Net actuarial loss adjustment on pension and post-retirement plan benefit obligation, tax	$ (648)	$ (628)	$ (2,929)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Surplus [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss, Net of Tax [Member]	Total
Beginning balance at Dec. 31, 2013	$ 34,348	$ 43,280	$ 102,273	$ (5,414)	$ (7,289)
Net income			15,295			$ 15,295
Dividend reinvestment	16	120
Stock options exercised	46	200
Stock-based compensation	181	630
Other comprehensive (loss) income					446	446
Cash dividends on common stock			(1,399)
Ending Balance at Dec. 31, 2014	34,591	44,230	116,169	(5,414)	(6,843)	182,733
Net income			17,687			17,687
Dividend reinvestment	85	761
Stock options exercised	98	441
Stock-based compensation	142	807
Other comprehensive (loss) income					(1,733)	(1,733)
Cash dividends on common stock			(3,763)
Ending Balance at Dec. 31, 2015	34,916	46,239	130,093	(5,414)	(8,576)	197,258
Net income			19,831			19,831
Dividend reinvestment	201	2,100
Stock options exercised	28	173
Stock-based compensation	111	1,020
Other comprehensive (loss) income					(943)	(943)
Cash dividends on common stock			(4,751)
Ending Balance at Dec. 31, 2016	$ 35,256	$ 49,532	$ 145,173	$ (5,414)	$ (9,519)	$ 215,028

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Common Stock [Member]
Dividend reinvestment (in shares)	80,499	33,566	6,671
Stock options exercised (in shares)	11,300	39,334	18,735
Retained Earnings [Member]
Cash dividend on common stock (in dollars per share)	$ 0.40	$ 0.32	$ 0.12
Dividend reinvestment (in shares)	80,499	33,566	6,671

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]
NET INCOME	$ 19,831	$ 17,687	$ 15,295
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES
(Credit) provision for loan losses	(500)	600	1,000
Depreciation and amortization	2,429	2,331	2,358
Stock-based compensation - net	1,131	949	811
Net amortization of premiums	1,155	1,136	1,188
Originations of mortgage loans held for sale	(37,198)	(39,858)	(16,582)
Proceeds from sale of mortgage loans originated for sale	39,157	39,907	15,682
Gain on sale of mortgage loans originated for sale	(292)	(356)	(283)
Gain on sale of portfolio loans	(457)	(568)	(217)
Decrease (increase) in other intangibles	142	127	(13)
Deferred tax expense (benefit)	2,118	1,014	(1,711)
Decrease (increase) in accrued interest and loan fees receivable	117	(183)	(235)
(Increase) decrease in other assets	(2,743)	651	(366)
Adjustment to unfunded pension liability	(12)	(1,445)	(1,365)
Decrease in other liabilities	(3,066)	(789)	(2,011)
Income from bank-owned life insurance	(1,373)	(1,274)	(1,355)
Gain on sale of premises and equipment	0	0	(751)
Net gain on sale of securities available for sale	(617)	(319)	(19)
Net cash provided by operating activities	19,822	19,610	11,426
CASH FLOWS FROM INVESTING ACTIVITIES
Principal payments on investment securities - available for sale	8,238	14,431	11,055
Proceeds from sale of investment securities - available for sale	6,615	10,080	20,604
Maturities and calls of investment securities - available for sale	63,555	41,370	29,634
Purchases of investment securities - available for sale	(13,188)	(16,975)	(800)
Maturities and calls of investment securities - held to maturity	44,611	7,502	1,084
Purchases of investment securities - held to maturity	0	(6,000)	(3,434)
Decrease in interest-bearing time deposits in other banks	0	10,000	0
Decrease (increase) in Federal Reserve and Federal Home Loan Bank stock and other investments	6,232	(2,156)	(5,737)
Proceeds from sale of portfolio loans	77,016	49,871	25,443
Loan originations - net	(87,395)	(334,302)	(336,005)
Proceeds from sale of premises and equipment	0	0	1,064
Purchases of bank-owned life insurance	0	(6,000)	(5,000)
Purchases of premises and equipment - net	(3,914)	(1,930)	(1,051)
Net cash provided by (used in) investing activities	101,770	(234,109)	(263,143)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposit accounts	57,559	224,563	45,999
Net (decrease) increase in short-term borrowings	(150,000)	20,000	130,000
Proceeds from long-term borrowings	0	15,000	0
Proceeds from stock options exercised	201	539	246
Cash dividends paid on common stock	(4,751)	(3,763)	(1,399)
Proceeds from shares issued under the dividend reinvestment plan	2,301	846	136
Decrease in capital lease payable	(134)	(116)	(101)
Net cash (used in) provided by financing activities	(94,824)	257,069	174,881
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	26,768	42,570	(76,836)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	98,086	55,516	132,352
CASH AND CASH EQUIVALENTS, END OF PERIOD	124,854	98,086	55,516
SUPPLEMENTAL DATA:
Interest paid	3,999	3,185	2,543
Income taxes paid	5,813	4,443	6,314
Loans transferred to held-for-sale	76,810	24,164	50,363
Loans transferred to OREO	650	0	0
Investment securities transferred from available for sale to held to maturity	$ 0	$ 0	$ 48,147

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Nature of Operations On June 26, 2016, the Company entered into an Agreement and Plan of Merger (the “merger agreement”) with People’s United Financial, Inc. (“People’s United”) pursuant to which the Company will merge into People’s United (the “merger”). People’s United will be the surviving corporation in the merger. Subject to the terms and conditions of the merger agreement, the Company’s shareholders will have the right to receive 2.225 shares of People’s United common stock in exchange for each share of Company common stock. The merger agreement was adopted by the Company’s shareholders and both the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have approved the merger. The merger remains subject to other customary conditions to closing. The accounting and reporting policies of the Company conform to the accounting principles generally accepted in the United States of America (“U.S. GAAP”) and general practices within the banking industry. 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 following describe the most significant of these policies. Cash and Cash Equivalents Investment Securities Premiums and discounts on investment securities are amortized as expense and accreted as income over the estimated life of the respective security using a method that generally approximates the level-yield method. Gains and losses on the sales of investment securities are recognized upon realization, using the specific identification method and shown separately in the consolidated statements of income. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the statement of income and 2) OTTI related to other factors, which is recognized in other comprehensive income (loss). The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Loans and Loan Interest Income Recognition 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. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. 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 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 include consideration of the following: levels and trends in various risk rating categories; 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. 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. Transfers of Financial Instruments Loans Held For Sale Other Real Estate Owned (“OREO”) Premises and Equipment Bank-Owned Life Insurance Goodwill Allowance for Off-Balance Sheet Credit Risk The Company has financial and performance letters of credit. Financial letters of credit require the Company to make payment if the customer’s financial condition deteriorates, as defined in the agreements. Performance letters of credit require the Company to make payments if the customer fails to perform certain non-financial contractual obligations. Income Taxes Summary of Retirement Benefits Accounting In accordance with U.S. GAAP the Company recognizes the funded status of a benefit plan in its consolidated statement of financial condition; recognizes as a component of other comprehensive income, net of tax, the gains or losses and prior service costs or credits that arise during the period but are not recognized as components of net periodic benefit cost; measures defined benefit plan assets and obligation as of the date of fiscal year-end; and discloses in the notes to financial statements additional information about certain effects of net periodic benefit cost for the next fiscal year that arise from delayed recognition of the gains or losses, prior service costs or credits, and transition asset and obligation. Plan assets and benefit obligations shall be measured as of the date of its statement of financial position and in determining the amount of net periodic benefit cost. An employer is required to use the same date for the measurement of plan assets as for the statement of condition. The Company accrues for post-retirement benefits other than pensions by accruing the cost of providing those benefits to an employee during the years that the employee serves. Stock-Based Compensation Treasury Stock Earnings Per Share The reconciliation of basic and diluted weighted average number of common shares outstanding for the years ended December 31, 2016, 2015 and 2014 follows. Years Ended December 31, 2016 2015 2014 Weighted average common shares outstanding 11,766,912 11,649,240 11,582,807 Weighted average unvested restricted shares 115,735 107,211 43,547 Weighted average shares for basic earnings per share 11,882,647 11,756,451 11,626,354 Additional diluted shares: Stock options 89,725 77,053 55,788 Weighted average shares for diluted earnings per share 11,972,372 11,833,504 11,682,142 Comprehensive Income Derivatives Segment Reporting Recent Accounting Guidance In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), “Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 significantly changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model and provides for recording credit losses on available-for-sale debt securities through an allowance account. The ASU also requires certain incremental disclosures. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for all entities beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of the pending adoption of the ASU on its consolidated financial statements; however, the materiality of any such impact is not reasonably determinable at this time. In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718), “Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 introduces targeted amendments intended to simplify the accounting for stock compensation. Specifically, the ASU requires all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) to be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits, and assess the need for a valuation allowance, regardless of whether the benefit reduces taxes payable in the current period. The ASU also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity in the statement of cash flows. In addition, the ASU elevates the statutory tax withholding threshold to qualify for equity classification up to the maximum statutory tax rates in the applicable jurisdiction(s). The ASU also clarifies that cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. The ASU provides an optional accounting policy election (with limited exceptions), to be applied on an entity-wide basis, to either estimate the number of awards that are expected to vest (consistent with existing U.S. GAAP) or account for forfeitures when they occur. The amendments were effective for public business entities for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption was permitted. The Company’s adoption of ASU 2016-09 on January 1, 2017 did not have a material effect on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The ASU establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company has not yet evaluated this ASU, thus the impact of its pending adoption on the Company’s consolidated financial statements is not currently known or reasonably estimable. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10), “Recognition and Measurement of Financial Assets and Financial Liabilities” which requires an entity to: (i) measure equity investments at fair value through net income, with certain exceptions; (ii) present in other comprehensive income the changes in instrument-specific credit risk for financial liabilities measured using the fair value option; (iii) present financial assets and financial liabilities by measurement category and form of financial asset; (iv) calculate the fair value of financial instruments for disclosure purposes based on an exit price and; (v) assess a valuation allowance on deferred tax assets related to unrealized losses of available for sale debt securities in combination with other deferred tax assets. This ASU provides an election to subsequently measure certain nonmarketable equity investments at cost less any impairment and adjusted for certain observable price changes and also requires a qualitative impairment assessment of such equity investments and amends certain fair value disclosure requirements. For public entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Generally, early adoption of the amendments in this ASU is not permitted. The Company believes that adoption in 2018 will not 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 FASB subsequently issued ASU 2016-08 which updates the new standard by clarifying the principal versus agent implementation guidance, ASU 2016-10 which clarifies identifying performance obligations and the licensing implementation guidance, ASU 2016-12 which clarifies the guidance on assessing collectability, presenting sales taxes, measuring noncash consideration and certain transition matters and ASU 2016-20 which addresses technical corrections and improvements, but these do not change the core principle of the new standard. The FASB also subsequently issued ASU 2015-14 to defer the effective date of the new standard by one year. As such, it now takes effect for public entities in fiscal years beginning after December 15, 2017, 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). Early adoption is permitted for any entity that chooses to adopt the new standard as of the original effective date. The Company has not yet determined the method by which it will adopt ASU 2014-09 in 2018 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements. Reclassifications

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI")	12 Months Ended
	Dec. 31, 2016
ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI") [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI")	2. ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS (“AOCI”) The changes in the Company’s AOCI by component, net of tax, for the years ended December 31, 2016 and 2015 follow (in thousands). Year Ended December 31, 2016 Year Ended December 31, 2015 Unrealized Gains and Losses on Available for Sale Securities Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity Pension and Post- Retirement Plan Items Total Unrealized Gains and Losses on Available for Sale Securities Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity Pension and Post- Retirement Plan Items Total Beginning balance $ 1,436 $ (1,395 ) $ (8,617 ) $ (8,576 ) $ 2,637 $ (1,805 ) $ (7,675 ) $ (6,843 ) Other comprehensive loss before reclassifications (970 ) - (1,110 ) (2,080 ) (1,010 ) - (1,091 ) (2,101 ) Amounts reclassified from AOCI (364 ) 1,324 177 1,137 (191 ) 410 149 368 Net other comprehensive (loss) income (1,334 ) 1,324 (933 ) (943 ) (1,201 ) 410 (942 ) (1,733 ) Ending balance $ 102 $ (71 ) $ (9,550 ) $ (9,519 ) $ 1,436 $ (1,395 ) $ (8,617 ) $ (8,576 ) Reclassifications out of AOCI for the years ended December 31, 2016, 2015 and 2014 follow (in thousands). Amount Reclassified from AOCI Years Ended December 31, Affected Line Item in the Statement Details about AOCI Components 2016 2015 2014 Where Net Income is Presented Unrealized gains and losses on available for sale securities $ 617 $ 319 $ 19 Net gain on sale of securities available for sale Unrealized losses on securities transferred from available for sale to held to maturity (2,205 ) (660 ) (218 ) Interest income - U.S. Government agency obligations Pension and post-retirement plan items (299 ) (249 ) (25 ) Employee compensation and benefits Subtotal, pre-tax (1,887 ) (590 ) (224 ) Income tax effect 750 222 88 Income tax expense Total, net of tax $ (1,137 ) $ (368 ) $ (136 )

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2016
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, trading or held to maturity, depending upon investment objectives, liquidity needs and intent. In 2014, investment securities with a fair value of $48 million and an 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, equal to the unrealized holding losses at the date of transfer, is being accreted to interest income over the remaining life of the securities. The unrealized holding losses at the date of transfer remained in AOCI and are being amortized simultaneously against interest income. Those amounts 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 December 31, 2016 and 2015 were as follows (in thousands): December 31, 2016 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: U.S. Government agency securities $ - $ - $ - $ - $ 28,977 $ 2 $ (463 ) $ 28,516 Obligations of states and political subdivisions 63,447 1,847 - 65,294 100,215 4,467 - 104,682 Collateralized mortgage obligations 17,854 - (402 ) 17,452 15,795 2 (248 ) 15,549 Mortgage-backed securities 88,769 79 (887 ) 87,961 93,719 39 (1,316 ) 92,442 Corporate bonds 9,000 - (465 ) 8,535 6,000 - (90 ) 5,910 Total available for sale securities 179,070 1,926 (1,754 ) 179,242 244,706 4,510 (2,117 ) 247,099 Held to maturity: U.S. Government agency securities 2,380 88 - 2,468 43,570 1,450 - 45,020 Obligations of states and political subdivisions 10,400 278 - 10,678 11,739 536 - 12,275 Corporate bonds 6,000 113 - 6,113 6,000 7 (30 ) 5,977 Total held to maturity securities 18,780 479 - 19,259 61,309 1,993 (30 ) 63,272 Total investment securities $ 197,850 $ 2,405 $ (1,754 ) $ 198,501 $ 306,015 $ 6,503 $ (2,147 ) $ 310,371 The amortized cost, contractual maturities and fair value of the Company’s investment securities at December 31, 2016 (in thousands) are presented in the table below. Collateralized mortgage obligations (“CMOs”) and mortgage-backed securities (“MBS”) assume maturity dates pursuant to average lives. December 31, 2016 Amortized Cost Fair Value Securities available for sale: Due in one year or less $ 26,650 $ 26,831 Due from one to five years 131,177 131,767 Due from five to ten years 21,243 20,644 Total securities available for sale 179,070 179,242 Securities held to maturity: Due in one year or less 2,636 2,679 Due from one to five years 1,253 1,284 Due from five to ten years 8,380 8,580 Due after ten years 6,511 6,716 Total securities held to maturity 18,780 19,259 Total investment securities $ 197,850 $ 198,501 As a member of the Federal Reserve Bank (“FRB”) and the Federal Home Loan Bank (“FHLB”), the Bank owned FRB and FHLB stock with book values of $1.4 million and $2.8 million, respectively, at December 31, 2016. At December 31, 2015, the Bank owned FRB and FHLB stock with a book value of $1.4 million and $9.2 million, respectively. There is no public market for these shares. The last dividends paid were 6.00% on FRB stock in December 2016 and 5.00% on FHLB stock in November 2016. At December 31, 2016 and 2015, investment securities carried at $144 million and $261 million, respectively, were pledged primarily for public funds on deposit and as collateral for the Company’s derivative swap contracts. The proceeds from sales of securities available for sale and the associated realized gains and losses are shown below (in thousands) for the years indicated. Realized gains are also inclusive of gains on called securities. Years Ended December 31, 2016 2015 2014 Proceeds $ 6,615 $ 10,080 $ 20,604 Gross realized gains $ 617 $ 334 $ 271 Gross realized losses - (15 ) (252 ) Net realized gains $ 617 $ 319 $ 19 Information pertaining to securities with unrealized losses at December 31, 2016 and 2015, 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 December 31, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 15,716 $ (359 ) $ 1,736 $ (43 ) $ 17,452 $ (402 ) Mortgage-backed securities 73,091 (887 ) - - 73,091 (887 ) Corporate bonds 2,850 (150 ) 5,685 (315 ) 8,535 (465 ) Total $ 91,657 $ (1,396 ) $ 7,421 $ (358 ) $ 99,078 $ (1,754 ) Less than 12 months 12 months or longer Total December 31, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agency securities $ 16,744 $ (233 ) $ 9,770 $ (230 ) $ 26,514 $ (463 ) Collateralized mortgage obligations 1,831 (4 ) 8,200 (244 ) 10,031 (248 ) Mortgage-backed securities 66,804 (884 ) 17,936 (432 ) 84,740 (1,316 ) Corporate bonds 8,880 (120 ) - - 8,880 (120 ) Total $ 94,259 $ (1,241 ) $ 35,906 $ (906 ) $ 130,165 $ (2,147 ) The CMOs with unrealized losses for twelve months or longer at December 31, 2016 are issued or guaranteed by U.S. Government agencies or sponsored enterprises. The corporate bonds with unrealized losses for twelve months or longer at December 31, 2016 carry investment grade ratings by all major credit rating agencies including Moody’s and Standard & Poor’s. In all cases, the unrealized losses on these bonds were a result of overall market conditions including the current interest rate environment and general market liquidity. The losses were not related to a deterioration of the quality of the issuer or any company-specific adverse events. 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 OTTI was present at December 31, 2016. 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. In conjunction with the sale of Visa Class B shares in 2013, 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. The Company’s recorded liability representing the fair value of the derivative was $752 thousand at December 31, 2016 and 2015. 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 years ended December 31, 2016, 2015 and 2014, $324 thousand, $294 thousand and $239 thousand, respectively, in such carrying costs was expensed. At December 31, 2016, the Company has pledged mortgage-backed securities of U.S. Government-sponsored enterprises held in its available for sale portfolio, with a market value of approximately $3 million, as collateral for the derivative swap contracts. At December 31, 2015, the Company pledged U.S. Government agency securities held in its available for sale portfolio, with a market value of approximately $3 million, as collateral for such 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 December 31, 2016 and 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	12 Months Ended
	Dec. 31, 2016
LOANS [Abstract]
LOANS	4. LOANS At December 31, 2016 and 2015, net loans disaggregated by class consisted of the following (in thousands): December 31, 2016 December 31, 2015 Commercial and industrial $ 189,410 $ 189,769 Commercial real estate 731,986 696,787 Multifamily 402,935 426,549 Mixed use commercial 78,807 78,787 Real estate construction 41,028 37,233 Residential mortgages 185,112 186,313 Home equity 42,419 44,951 Consumer 4,867 6,058 Gross loans 1,676,564 1,666,447 Allowance for loan losses (20,117 ) (20,685 ) Net loans at end of period $ 1,656,447 $ 1,645,762 The Bank’s real estate loans and loan commitments are primarily for properties located throughout Long Island and New York City. Repayment of these loans is dependent in part upon the overall economic health of the Company’s market area and current real estate values. The Bank considers the credit circumstances, the nature of the project and loan to value ratios for all real estate loans. The Bank makes loans to its directors and executive officers, and other related parties, in the ordinary course of its business. Loans made to directors and executive officers, either directly or indirectly, totaled $21 million and $18 million at December 31, 2016 and 2015, respectively. New loans and advances totaling $85 million and $81 million were extended and payments of $82 million and $74 million were received during 2016 and 2015, respectively, on these loans. The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes a loan, in full or in part, is uncollectible. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered TDRs and 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. Generally, the Company returns a TDR to accrual status upon six months of performance under the new terms. All non-accrual loans over $250 thousand in the commercial and industrial, commercial real estate, multifamily, mixed use commercial, real estate construction and residential mortgages loan classes and all TDRs are evaluated individually for impairment. All other loans are generally evaluated as homogeneous pools with similar risk characteristics. If a loan is impaired, a specific reserve may be recorded so that the loan is reported, net, at the present value of estimated future cash flows including balloon payments, if any, using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of homogeneous loans with smaller individual balances, such as consumer loans, are generally evaluated collectively for impairment, and accordingly, are not separately identified for impairment disclosures. TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is considered to be collateral-dependent, the loan is reported at the fair value of the collateral net of estimated costs to sell. For TDRs that subsequently default, the Company determines the allowance amount in accordance with its accounting policy for the allowance for loan losses. The general component of the allowance covers non-impaired loans and is based on historical loss experience, adjusted for qualitative factors. The historical loss experience is determined by loan class, and is based on the actual loss history experienced by the Company over a rolling twelve quarter period. This actual loss experience is supplemented with other qualitative factors based on the risks present for each loan class. These qualitative factors include consideration of the following: levels and trends in various risk rating categories; 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. The following loan classes have been identified: commercial and industrial, commercial real estate, multifamily, mixed use commercial, real estate construction, residential mortgages, home equity and consumer loans. The qualitative factors utilized by the Company in computing its allowance for loan losses are determined based on the various risk characteristics of each loan class. Relevant risk characteristics are as follows: Commercial and industrial loans Commercial real estate loans Multifamily loans Mixed use commercial loans Real estate construction loans Residential mortgages and home equity loans Consumer loans At December 31, 2016 and 2015, 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 December 31, 2016 and 2015 disaggregated by class and impairment methodology (in thousands). Allowance for Loan Losses Loan Balances December 31, 2016 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Commercial and industrial $ 4 $ 2,128 $ 2,132 $ 3,592 $ 185,818 $ 189,410 Commercial real estate - 8,030 8,030 3,371 728,615 731,986 Multifamily - 3,623 3,623 - 402,935 402,935 Mixed use commercial - 730 730 - 78,807 78,807 Real estate construction - 560 560 - 41,028 41,028 Residential mortgages 305 1,696 2,001 4,981 180,131 185,112 Home equity 172 343 515 1,579 40,840 42,419 Consumer 26 36 62 210 4,657 4,867 Unallocated - 2,464 2,464 - - - Total $ 507 $ 19,610 $ 20,117 $ 13,733 $ 1,662,831 $ 1,676,564 Allowance for Loan Losses Loan Balances December 31, 2015 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Commercial and industrial $ - $ 1,875 $ 1,875 $ 2,872 $ 186,897 $ 189,769 Commercial real estate - 7,019 7,019 4,334 692,453 696,787 Multifamily - 4,688 4,688 - 426,549 426,549 Mixed use commercial - 766 766 - 78,787 78,787 Real estate construction - 386 386 - 37,233 37,233 Residential mortgages 559 1,917 2,476 5,817 180,496 186,313 Home equity 170 469 639 1,683 43,268 44,951 Consumer 48 58 106 379 5,679 6,058 Unallocated - 2,730 2,730 - - - Total $ 777 $ 19,908 $ 20,685 $ 15,085 $ 1,651,362 $ 1,666,447 At December 31, 2016 and 2015, past due loans disaggregated by class were as follows (in thousands). Past Due December 31, 2016 30 - 59 days 60 - 89 days 90 days and over Total Current Total Commercial and industrial $ 28 $ - $ 3,288 $ 3,316 $ 186,094 $ 189,410 Commercial real estate - - 1,964 1,964 730,022 731,986 Multifamily - - - - 402,935 402,935 Mixed use commercial - - - - 78,807 78,807 Real estate construction - - - - 41,028 41,028 Residential mortgages 1,057 54 143 1,254 183,858 185,112 Home equity - - 164 164 42,255 42,419 Consumer 87 5 1 93 4,774 4,867 Total $ 1,172 $ 59 $ 5,560 $ 6,791 $ 1,669,773 $ 1,676,564 % of Total Loans 0.1 % 0.0 % 0.3 % 0.4 % 99.6 % 100.0 % Past Due December 31, 2015 30 - 59 days 60 - 89 days 90 days and over Total Current Total Commercial and industrial $ 21 $ - $ 1,954 $ 1,975 $ 187,794 $ 189,769 Commercial real estate - - 1,733 1,733 695,054 696,787 Multifamily - - - - 426,549 426,549 Mixed use commercial - - - - 78,787 78,787 Real estate construction - - - - 37,233 37,233 Residential mortgages 512 175 1,358 2,045 184,268 186,313 Home equity 336 - 406 742 44,209 44,951 Consumer 2 - 77 79 5,979 6,058 Total $ 871 $ 175 $ 5,528 $ 6,574 $ 1,659,873 $ 1,666,447 % of Total Loans 0.1 % 0.0 % 0.3 % 0.4 % 99.6 % 100.0 % The following table presents the Company’s impaired loans disaggregated by class at December 31, 2016 and 2015 (in thousands). December 31, 2016 December 31, 2015 Unpaid Principal Balance Recorded Balance Allowance Allocated Unpaid Principal Balance Recorded Balance Allowance Allocated With no allowance recorded: Commercial and industrial $ 3,588 $ 3,588 $ - $ 2,869 $ 2,869 $ - Commercial real estate 3,617 3,371 - 4,753 4,334 - Residential mortgages 2,451 2,451 - 3,076 2,947 - Home equity 1,176 1,176 - 1,233 1,233 - Consumer 119 119 - 207 207 - Subtotal 10,951 10,705 - 12,138 11,590 - With an allowance recorded: Commercial and industrial 4 4 4 3 3 - Residential mortgages 2,659 2,530 305 2,870 2,870 559 Home equity 419 403 172 586 450 170 Consumer 91 91 26 172 172 48 Subtotal 3,173 3,028 507 3,631 3,495 777 Total $ 14,124 $ 13,733 $ 507 $ 15,769 $ 15,085 $ 777 The following table presents the Company’s average recorded investment in impaired loans and the related interest income recognized disaggregated by class for the years ended December 31, 2016, 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. Years Ended December 31, 2016 2015 2014 Average recorded investment in impaired loans Interest income recognized on impaired loans Average recorded investment in impaired loans Interest income recognized on impaired loans Average recorded investment in impaired loans Interest income recognized on impaired loans Commercial and industrial $ 3,996 $ 166 $ 3,313 $ 533 $ 6,961 $ 730 Commercial real estate 3,969 194 7,710 688 10,823 251 Real estate construction - - - - - - Residential mortgages 5,171 200 5,645 297 5,094 207 Home equity 1,642 65 1,719 67 804 83 Consumer 256 12 376 16 248 18 Total $ 15,034 $ 637 $ 18,763 $ 1,601 $ 23,930 $ 1,289 The following table presents a summary of non-performing assets for each period (in thousands): December 31, 2016 December 31, 2015 Non-accrual loans $ 5,560 $ 5,528 Non-accrual loans held for sale - - Loans 90 days or more past due and still accruing - - OREO 650 - Total non-performing assets $ 6,210 $ 5,528 TDRs accruing interest $ 7,991 $ 9,239 TDRs non-accruing $ 4,348 $ 2,324 At December 31, 2016 and 2015, non-accrual loans disaggregated by class were as follows (dollars in thousands): December 31, 2016 December 31, 2015 Non- accrual loans % of Total Total Loans % of Total Loans Non- accrual loans % of Total Total Loans % of Total Loans Commercial and industrial $ 3,288 59.2 % $ 189,410 0.2 % $ 1,954 35.3 % $ 189,769 0.1 % Commercial real estate 1,964 35.3 731,986 0.1 1,733 31.4 696,787 0.1 Multifamily - - 402,935 - - - 426,549 - Mixed use commercial - - 78,807 - - - 78,787 - Real estate construction - - 41,028 - - - 37,233 - Residential mortgages 143 2.6 185,112 - 1,358 24.6 186,313 0.1 Home equity 164 2.9 42,419 - 406 7.3 44,951 - Consumer 1 - 4,867 - 77 1.4 6,058 - Total $ 5,560 100.0 % $ 1,676,564 0.3 % $ 5,528 100.0 % $ 1,666,447 0.3 % Additional interest income of approximately $365 thousand, $297 thousand and $953 thousand would have been recorded during the years ended December 31, 2016, 2015 and 2014, respectively, if non-accrual loans had performed in accordance with their original terms. The following summarizes the activity in the allowance for loan losses disaggregated by class for the periods indicated (in thousands). Year Ended December 31, 2016 Year Ended December 31, 2015 Balance at beginning of period Charge- offs Recoveries Provision (credit) for loan losses Balance at end of period Balance at beginning of period Charge- offs Recoveries (Credit) provision for loan losses Balance at end of period Commercial and industrial $ 1,875 $ (416 ) $ 264 $ 409 $ 2,132 $ 1,560 $ (744 ) $ 1,524 $ (465 ) $ 1,875 Commercial real estate 7,019 (103 ) 210 904 8,030 6,777 - 39 203 7,019 Multifamily 4,688 - - (1,065 ) 3,623 4,018 - - 670 4,688 Mixed use commercial 766 - - (36 ) 730 261 - - 505 766 Real estate construction 386 - - 174 560 383 - - 3 386 Residential mortgages 2,476 - 42 (517 ) 2,001 3,027 - 32 (583 ) 2,476 Home equity 639 (19 ) 13 (118 ) 515 709 - 22 (92 ) 639 Consumer 106 (72 ) 13 15 62 166 (14 ) 26 (72 ) 106 Unallocated 2,730 - - (266 ) 2,464 2,299 - - 431 2,730 Total $ 20,685 $ (610 ) $ 542 $ (500 ) $ 20,117 $ 19,200 $ (758 ) $ 1,643 $ 600 $ 20,685 Year Ended December 31, 2014 Balance at beginning of period Charge- offs Recoveries (Credit) provision for loan losses Balance at end of period Commercial and industrial $ 2,615 $ (420 ) $ 797 $ (1,432 ) $ 1,560 Commercial real estate 6,572 - 519 (314 ) 6,777 Multifamily 2,159 - - 1,859 4,018 Mixed use commercial 54 - - 207 261 Real estate construction 88 - - 295 383 Residential mortgages 2,463 (32 ) 16 580 3,027 Home equity 745 - 50 (86 ) 709 Consumer 241 (40 ) 47 (82 ) 166 Unallocated 2,326 - - (27 ) 2,299 Total $ 17,263 $ (492 ) $ 1,429 $ 1,000 $ 19,200 The Company utilizes an eight-grade risk-rating system for loans. Loans in risk grades 1- 4 are considered pass loans. The Company’s risk grades are as follows: Risk Grade 1, Excellent Risk Grade 2, Good Risk Grade 3, Satisfactory · 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 Company 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 Risk Grade 5, Special Mention Risk Grade 6, 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 Company 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 · 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 The Company annually reviews the ratings on all loans greater than $750 thousand. Annually, the Company engages an independent third-party to review a significant portion of loans within the commercial and industrial, commercial real estate, multifamily, mixed use commercial 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 December 31, 2016 and 2015 (in thousands). December 31, 2016 December 31, 2015 Grade Grade Pass Special mention Substandard Total Pass Special mention Substandard Total Commercial and industrial $ 175,541 $ 1,292 $ 12,577 $ 189,410 $ 180,024 $ 3,088 $ 6,657 $ 189,769 Commercial real estate 719,688 2,300 9,998 731,986 687,210 6,109 3,468 696,787 Multifamily 402,935 - - 402,935 426,549 - - 426,549 Mixed use commercial 76,566 2,241 - 78,807 78,779 - 8 78,787 Real estate construction 39,495 - 1,533 41,028 37,233 - - 37,233 Residential mortgages 184,800 - 312 185,112 184,781 - 1,532 186,313 Home equity 42,255 - 164 42,419 44,545 - 406 44,951 Consumer 4,867 - - 4,867 5,939 - 119 6,058 Total $ 1,646,147 $ 5,833 $ 24,584 $ 1,676,564 $ 1,645,060 $ 9,197 $ 12,190 $ 1,666,447 % of Total 98.2 % 0.3 % 1.5 % 100.0 % 98.7 % 0.6 % 0.7 % 100.0 % 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 $340 thousand and $534 thousand of specific reserves to customers whose loan terms have been modified as TDRs as of December 31, 2016 and 2015, 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 was committed to be advanced in connection with TDRs as of each year end December 31, 2016 and 2015, 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 December 31, 2016 and 2015 are as follows (dollars in thousands): December 31, 2016 December 31, 2015 TDRs Outstanding Number of Loans Outstanding Recorded Balance Number of Loans Outstanding Recorded Balance Commercial and industrial 13 $ 3,586 17 $ 1,116 Commercial real estate 3 2,472 5 4,131 Residential mortgages 22 4,716 22 4,653 Home equity 5 1,355 5 1,362 Consumer 6 210 8 301 Total 49 $ 12,339 57 $ 11,563 The following presents, disaggregated by class, information regarding TDRs executed during the years ended December 31, 2016, 2015 and 2014 (dollars in thousands): Years Ended December 31, 2016 2015 New TDRs Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Commercial and industrial 5 $ 3,196 $ 3,082 4 $ 388 $ 388 Residential mortgages - - - 3 300 305 Home equity - - - 1 192 192 Consumer - - - 1 43 43 Total 5 $ 3,196 $ 3,082 9 $ 923 $ 928 Year Ended December 31, 2014 New TDRs Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Commercial and industrial 10 $ 1,877 $ 1,877 Commercial real estate 2 5,161 5,161 Residential mortgages 4 581 581 Home equity 5 1,219 1,219 Consumer 4 145 145 Total 25 $ 8,983 $ 8,983 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 years ended December 31, 2016, 2015 and 2014 (dollars in thousands). Years Ended December 31, 2016 2015 2014 Defaulted TDRs Number of Loans Outstanding Recorded Balance Number of Loans Outstanding Recorded Balance Number of Loans Outstanding Recorded Balance Commercial real estate - $ - - $ - 2 $ 1,529 Consumer - - 1 46 - - Total - $ - 1 $ 46 2 $ 1,529 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.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
PREMISES AND EQUIPMENT [Abstract]
PREMISES AND EQUIPMENT	5. PREMISES AND EQUIPMENT At December 31, 2016 and 2015, premises and equipment consisted of the following (in thousands): Estimated Useful Lives 2016 2015 Land Indefinite $ 3,014 $ 3,015 Premises 30 - 40 years 33,413 33,341 Furniture, fixtures & equipment 3 - 7 years 18,479 16,189 Leasehold improvements 2 - 25 years 3,991 3,937 58,897 56,482 Accumulated depreciation and amortization (34,172 ) (33,242 ) Balance at end of year $ 24,725 $ 23,240 Premises and accumulated depreciation and amortization include amounts related to property under capital leases of approximately $3 million and $4 million at December 31, 2016 and 2015, respectively. Depreciation and amortization charged to operations amounted to $2.4 million, $2.3 million and $2.4 million during 2016, 2015 and 2014, respectively. Depreciation and amortization charged to operations includes amounts related to property under capital leases of $243 thousand, $242 thousand and $243 thousand in 2016, 2015 and 2014, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2016
DEPOSITS [Abstract]
DEPOSITS	6. DEPOSITS Scheduled maturities of certificates of deposit are as follows (in thousands): Year During Which Time Deposit Matures Time Deposits > $250,000 Other Time Deposits 2017 $ 98,723 $ 60,470 2018 10,573 14,391 2019 511 2,010 2020 461 3,519 2021 and thereafter 2,502 3,543 Total $ 112,770 $ 83,933 At December 31, 2016 and 2015, the Bank had $1 million in deposits gathered through the Certificate of Deposit Account Registry Service (“CDARS”) which are considered for regulatory purposes to be brokered deposits.

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2016
BORROWINGS [Abstract]
BORROWINGS	7. BORROWINGS The following summarizes borrowed funds at December 31, 2016 and 2015 (dollars in thousands): As of or for the Year Ended December 31, 2016 Federal Home Loan Bank Borrowings Short-Term Federal Home Loan Bank Borrowings Long-Term Federal Funds Purchased Daily average outstanding $ 47,315 $ 15,000 $ 3 Total interest cost 276 264 - Average interest rate paid 0.58 % 1.76 % 0.76 % Maximum amount outstanding at any month-end $ 160,000 $ 15,000 $ - Ending balance - 15,000 - Weighted-average interest rate on balances outstanding - % 1.76 % - % As of or for the Year Ended December 31, 2015 Federal Home Loan Bank Borrowings Short-Term Federal Home Loan Bank Borrowings Long-Term Federal Funds Purchased Daily average outstanding $ 63,935 $ 10,808 $ 3 Total interest cost 252 190 - Average interest rate paid 0.39 % 1.76 % 0.45 % Maximum amount outstanding at any month-end $ 155,000 $ 15,000 $ - Ending balance 150,000 15,000 - Weighted-average interest rate on balances outstanding 0.52 % 1.76 % - % Assets pledged as collateral to the FHLB, consisting of eligible loans and investment securities, at December 31, 2016 and 2015 resulted in a maximum borrowing potential of $662 million and $746 million, respectively. The Company had $15 million and $165 million in FHLB borrowings at December 31, 2016 and 2015, respectively. At both December 31, 2016 and 2015, approximately $60 million and $10 million in unsecured and secured lines of credit, respectively, extended by correspondent banks were also available to be utilized, if needed, for short-term funding purposes. At both December 31, 2016 and 2015, no borrowings were outstanding under lines of credit with correspondent banks.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	8. STOCKHOLDERS’ EQUITY The Company has a Dividend Reinvestment Plan to provide stockholders of record with a convenient method of investing cash dividends and optional cash payments in additional shares of the Company’s common stock without payment of any brokerage commission or service charges. At the Company’s discretion, such additional shares may be purchased directly from the Company using either originally issued shares or treasury shares at a 3% discount from market value, or the shares may be purchased in negotiated transactions or on any securities exchange where such shares may be traded at 100% of cost. There were 80,499, 33,566 and 6,671 shares issued in 2016, 2015 and 2014, respectively. 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. No options have been granted since 2013. Options granted in 2013 and 2012 were exercisable commencing one year from the date of grant at a rate of one-third per year. Options granted prior to 2012 were generally 100% exercisable commencing one year from the date of grant. All options are exercisable for a period of ten years or less. The total intrinsic value of options exercised in 2016, 2015 and 2014 was $261 thousand, $438 thousand and $145 thousand, respectively. The total cash received from such option exercises was $201 thousand, $539 thousand and $246 thousand, respectively, excluding the tax benefit realized. In exercising those options, 11,300 shares, 39,334 shares and 18,735 shares, respectively, of the Company’s common stock were issued. A summary of stock option activity follows: Number of Shares Weighted-Average Exercise Price Per Share Outstanding, January 1, 2014 291,000 $ 16.18 Granted - - Exercised (18,735 ) $ 13.18 Forfeited or expired (21,165 ) $ 16.95 Outstanding, December 31, 2014 251,100 $ 16.33 Granted - - Exercised (39,334 ) $ 13.71 Forfeited or expired (26,666 ) $ 24.39 Outstanding, December 31, 2015 185,100 $ 15.73 Granted - - Exercised (11,300 ) $ 17.82 Forfeited or expired (3,000 ) $ 34.95 Outstanding, December 31, 2016 170,800 $ 15.26 The following summarizes shares subject to purchase from stock options outstanding and exercisable as of December 31, 2016: Outstanding Exercisable Range of Exercise Prices Shares Weighted-Average Remaining Contractual Life Weighted-Average Exercise Price Shares Weighted-Average Remaining Contractual Life Weighted-Average Exercise Price $ 10.00 - $14.00 81,700 5.1 years $ 11.53 81,700 5.1 years $ 11.53 $ 14.01 - $20.00 83,100 6.6 years $ 17.80 83,100 6.6 years $ 17.80 $ 20.01 - $30.00 2,000 2.1 years $ 28.30 2,000 2.1 years $ 28.30 $ 30.01 - $40.00 4,000 0.6 years $ 32.04 4,000 0.6 years $ 32.04 170,800 5.7 years $ 15.26 170,800 5.7 years $ 15.26 Restricted Stock Awards Under the Company’s Amended and Restated 2009 Stock Incentive Plan (the “2009 Plan”), the Company can award options, stock appreciation rights (“SARs”) and restricted stock. During 2016, 2015 and 2014, the Company awarded 59,371, 71,612 and 77,000 shares of restricted stock to certain key employees and directors. Generally, the restricted stock awards vest over a three-year period commencing one year from the date of grant at a rate of one-third per year. The fair value at grant date of the 48,899 and 25,948 restricted shares that vested in 2016 and 2015, respectively, was $1.1 million and $585 thousand, respectively. Of the vested shares, 10,380 and 4,787, respectively, were withheld to pay taxes due upon vesting. A summary of restricted stock activity follows: Number of Shares Weighted-Average Grant-Date Fair Value Unvested, January 1, 2014 - - Granted 77,000 $ 22.51 Vested - - Forfeited or expired (4,650 ) $ 22.51 Unvested, December 31, 2014 72,350 $ 22.51 Granted 71,612 $ 23.18 Vested (25,948 ) $ 22.55 Forfeited or expired (9,941 ) $ 22.61 Unvested, December 31, 2015 108,073 $ 22.94 Granted 59,371 $ 26.62 Vested (48,899 ) $ 22.98 Forfeited or expired (4,465 ) $ 23.43 Unvested, December 31, 2016 114,080 $ 24.81 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 $1.1 million, $949 thousand and $811 thousand for the years ended December 31, 2016, 2015 and 2014, respectively. The remaining unrecognized compensation cost of approximately $1.7 million at December 31, 2016 related to restricted stock will be expensed over the remaining weighted average vesting period of approximately 1.7 years. At December 31, 2016, there was no remaining unrecognized compensation cost related to stock options. Under the 2009 Plan, a total of 500,000 shares of the Company’s common stock were reserved for issuance, of which 118,404 shares remained for possible issuance at December 31, 2016. There are no remaining shares reserved for issuance under the 1999 Stock Option Plan.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
INCOME TAXES [Abstract]
INCOME TAXES	9. INCOME TAXES The following table presents the expense for income taxes in the consolidated statements of income which is comprised of the following (in thousands): 2016 2015 2014 Current: Federal $ 4,989 $ 4,178 $ 5,208 State and local 515 694 223 5,504 4,872 5,431 Deferred: Federal 2,343 1,139 (885 ) State and local 28 429 (747 ) 2,371 1,568 (1,632 ) Valuation allowance (253 ) (554 ) (79 ) Total $ 7,622 $ 5,886 $ 3,720 The total tax expense was different from the amounts computed by applying the federal income tax rate because of the following: 2016 2015 2014 Federal income tax expense at statutory rates 35 % 35 % 35 % Surtax exemption (1 ) (1 ) (1 ) Tax-exempt income (8 ) (10 ) (14 ) State and local income taxes, net of federal benefit 2 2 1 Deferred tax asset adjustment and change in rate - (1 ) (2 ) Other - - 1 Total 28 % 25 % 20 % The effects of temporary differences between tax and financial accounting that create significant deferred tax assets and liabilities and the recognition of income and expense for purposes of tax and financial reporting are presented below (in thousands): 2016 2015 2014 Deferred tax assets: Allowance for loan losses $ 8,244 $ 8,392 $ 7,576 Deferred compensation 1,560 1,624 1,652 Stock-based compensation 763 640 459 Realized losses on securities reclassed from available for sale to held to maturity 49 930 1,180 Unfunded pension obligation 3,277 2,529 2,496 Alternative minimum tax credit - 2,427 3,925 Net operating loss carryforward 699 614 1,169 Other 1,170 1,104 992 Total deferred tax assets 15,762 18,260 19,449 Deferred tax liabilities: Unrealized gains on securities available for sale (71 ) (957 ) (1,724 ) Other (608 ) (844 ) (842 ) Total deferred tax liabilities (679 ) (1,801 ) (2,566 ) Valuation allowance (699 ) (614 ) (1,169 ) Net deferred tax assets $ 14,384 $ 15,845 $ 15,714 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 December 31, 2016, the Company had net operating loss carryforwards of approximately $14.4 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 $699 thousand, 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 had no unrecognized tax benefits at December 31, 2016 and 2015 as compared to $34 thousand at December 31, 2014. 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. The Company’s Federal tax returns were audited for the tax years 2010 through 2013; there was no change in income taxes as a result of these audits. It is not anticipated that the unrecognized tax benefits will significantly change over the next 12 months.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2016
EMPLOYEE BENEFITS [Abstract]
EMPLOYEE BENEFITS	10. 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. Certain provisions of the Company’s retirement plan were amended in 2012. These amendments froze the plan such that no additional pension benefits would accumulate. The tables below set forth the status of the Company’s retirement plan at December 31 for the years presented, the time at which the annual valuation of the plan is made. The following table sets forth the plan’s change in benefit obligation (in thousands): 2016 2015 2014 Benefit obligation at beginning of year $ 47,431 $ 49,734 $ 41,713 Interest cost 2,185 2,099 2,158 Actuarial loss (gain) 1,895 (2,451 ) 7,709 Benefits paid (2,133 ) (1,951 ) (1,846 ) Benefit obligation at end of year $ 49,378 $ 47,431 $ 49,734 The following table sets forth the plan’s change in plan assets (in thousands): 2016 2015 2014 Fair value of plan assets at beginning of year $ 41,003 $ 43,431 $ 41,456 Actual return on plan assets 2,919 (1,227 ) 2,992 Employer contribution - 1,000 1,000 Benefits paid and actual expenses (2,541 ) (2,201 ) (2,017 ) Fair value of plan assets at end of year $ 41,381 $ 41,003 $ 43,431 The following table presents the plan’s funded status and amounts recognized in the consolidated statements of condition (in thousands): 2016 2015 Underfunded status $ (7,997 ) $ (6,428 ) Amount included in other liabilities $ (7,997 ) $ (6,428 ) Accumulated benefit obligation $ 49,378 $ 47,431 In December 2015, the Company made an optional contribution of $1 million for the plan year ended September 30, 2016. In December 2014, the Company made an optional contribution of $1 million for the plan year ended September 30, 2015. No minimum contributions were required for either period. The Company did not contribute to its retirement plan in 2016. The Company does not presently expect to contribute to its retirement plan in 2017. The following table presents estimated benefits to be paid during the years indicated (in thousands): 2017 $ 2,322 2018 2,413 2019 2,502 2020 2,540 2021 2,656 2022-2026 14,120 The following table summarizes the net periodic pension credit (in thousands): 2016 2015 2014 Interest cost on projected benefit obligation $ 2,185 $ 2,099 $ 2,158 Expected return on plan assets (2,497 ) (2,792 ) (2,548 ) Amortization of net loss 299 249 25 Net periodic pension credit (13 ) (444 ) (365 ) Other changes in plan assets and benefit obligation recognized in other comprehensive income: Net actuarial loss 1,880 1,819 7,435 Amortization of net loss (299 ) (249 ) (25 ) Total recognized in other comprehensive income 1,581 1,570 7,410 Total recognized in net periodic pension credit and other comprehensive income $ 1,568 $ 1,126 $ 7,045 Weighted-average discount rate for the period 4.74 % 4.32 % 5.33 % Expected long-term rate of return on assets 7.00 % 7.00 % 7.00 % The assumptions used in the measurement of the Company’s pension obligation at December 31, 2016 and 2015 were: 2016 2015 Discount rate 4.58 % 4.74 % Rate of increase in future compensation 0.00 % 0.00 % Expected long-term rate of return on assets N/A N/A The following table summarizes the net periodic pension cost expected for the year ended December 31, 2017. This amount is subject to change if a significant plan-related event should occur before the end of fiscal 2017 (in thousands): Projected 2017 Interest cost on projected benefit obligation $ 2,190 Expected return on plan assets (2,373 ) Amortization of net loss 356 Net periodic pension cost $ 173 Weighted-average discount rate for the period 4.58 % Expected long-term rate of return on assets 7.00 % To determine the expected return on plan assets, certain variables were considered, such as the long-term historical return information on plan assets, the mix of investments that comprise plan assets and the historical returns on indices comparable to the fund classes in which the plan invests. During 2013, all of the assets of the Company’s retirement plan were transferred to State Street Bank & Trust from the New York State Bankers Retirement System. An investment manager, Mercer Investment Management, is responsible for the implementation of the plan’s investment policies and for appointing and terminating sub-advisors to manage the plan’s assets which are invested in common collective trust funds. The plan’s overall investment strategy is to invest in a mix of growth assets (primarily equities) with the objective of achieving long-term growth and hedging assets (primarily fixed income) with the objective of matching the plan’s liabilities. The Company’s pension plan weighted-average asset allocations at December 31, 2016 and 2015, by asset category were as follows: At December 31, Asset category 2016 2015 Cash - % 1 % Equity securities 61 59 Debt securities 39 40 Total 100 % 100 % The following table presents target investment allocations for 2017 by asset category: Asset Category Target Allocation 2017 Cash equivalents 0 - 5 % Equity securities 54 - 64 % Fixed income securities 36 - 41 % The following table summarizes the fair value measurements of the Company’s pension plan assets on a recurring basis as of December 31, 2016 (in thousands): Fair Value Measurements Using Description Active Markets for Identical Assets Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Total Short-term investment funds $ 181 $ - $ 181 Common collective trusts: U.S. equity securities - 9,698 9,698 Non - U.S. equity securities - 15,382 15,382 U.S. fixed income securities - 16,120 16,120 Total $ 181 $ 41,200 $ 41,381 The following table summarizes the fair value measurements of the Company’s pension plan assets on a recurring basis as of December 31, 2015 (in thousands): Fair Value Measurements Using Description Active Markets for Identical Assets Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Total Short-term investment funds $ 323 $ - $ 323 Common collective trusts: U.S. equity securities - 9,200 9,200 Non - U.S. equity securities - 15,000 15,000 U.S. fixed income securities - 16,480 16,480 Total $ 323 $ 40,680 $ 41,003 The following is a description of the valuation methodologies used for pension assets measured at fair value: 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. Deferred Compensation In 1999, the Board approved a non-qualified deferred compensation plan. Under this plan, certain employees and Directors of the Company may elect to defer some or all of their compensation in exchange for a future payment of the compensation deferred, with accrued interest, at retirement. Participants deferred compensation totaling $47 thousand, $58 thousand and $132 thousand during 2016, 2015 and 2014, respectively. Expense recognized under this plan totaled $41 thousand, $79 thousand and $84 thousand in 2016, 2015 and 2014, respectively. Post-Retirement Benefits Other Than Pension The Company formerly provided life insurance benefits to employees meeting eligibility requirements. Employees hired after December 31, 1997 were not eligible for retiree life insurance. No other welfare benefits were provided. In the second quarter of 2013, the Company terminated all post-retirement life insurance benefits and recorded a non-recurring gain of $1.7 million as a credit to employee compensation and benefits expense in the Company’s consolidated statements of income. 401(k) Retirement Plan The Bank has a 401(k) Retirement Plan and Trust (“401(k) Plan”). Employees who have attained the age of 21 and have completed one-half month of service and 40 hours worked have the option to participate. Employees may currently elect to contribute up to $18,000. The Bank may match up to one-half of the employee’s contribution up to a maximum of 6% of the employee’s annual gross compensation subject to IRS limits. Employees are fully vested immediately in their own contributions and the Bank’s matching contributions. Bank contributions under the 401(k) Plan amounted to $569 thousand, $563 thousand and $515 thousand during 2016, 2015 and 2014, respectively. The Bank funds all amounts when due. Contributions to the 401(k) Plan may be invested in various bond, equity, money market or diversified funds as directed by each employee. The 401(k) Plan does not allow for investment in the Company’s common stock.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENT LIABILITIES [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	11. COMMITMENTS AND CONTINGENT LIABILITIES The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and documentary letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated financial statements. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company was contingently liable under standby letters of credit in the amount of $14 million and $15 million at December 31, 2016 and 2015, respectively. Of the outstanding letters of credit at December 31, 2016, $13.9 million expires in 2017, $163 thousand expires in 2018, $57 thousand expires in 2019 and $91 thousand expires in 2025. Amounts due under these letters of credit would be reduced by any proceeds that the Company would be able to obtain in liquidating the collateral for the loans, which varies depending on the customer. At both December 31, 2016 and 2015, commitments to originate loans and commitments under unused lines of credit for which the Company is obligated amounted to $126 million. The Bank is required to maintain balances with the FRB to satisfy reserve requirements. In addition, the FRB continues to offer higher interest rates on overnight deposits compared to correspondent banks. The average balance maintained at the FRB during 2016 was $53 million compared to $12 million in 2015. At December 31, 2016, the Company was obligated under a number of non-cancelable leases for land and buildings used for bank purposes. Minimum annual rentals, exclusive of taxes and other charges under non-cancelable operating leases, are as follows (in thousands): Capital Leases Operating Leases 2017 $ 341 $ 1,679 2018 347 1,359 2019 354 1,219 2020 360 801 2021 377 701 Thereafter 3,969 1,632 Total minimum lease payments 5,748 $ 7,391 Less: amounts representing interest 1,487 Present value of minimum lease payments $ 4,261 Total rental expense for the years ended December 31, 2016, 2015 and 2014 amounted to $1.8 million, $1.5 million and $1.1 million, respectively. The Company and the Bank are subject to legal proceedings and claims that arise in the ordinary course of business. In the opinion of management, the amount of ultimate liability, if any, with respect to such ordinary course matters will not materially affect future operations and will not have a material impact on the Company’s consolidated financial statements. 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.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2016
REGULATORY MATTERS [Abstract]
REGULATORY MATTERS	12. 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 business, results of operations and financial condition. 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). The Office of the Comptroller of the Currency (“OCC”), the Company’s primary bank regulator, established higher capital requirements for the Bank than those set forth in its capital regulations that require the Bank to maintain a tier 1 leverage ratio of at least 9%, a tier 1 risk-based capital ratio of at least 11% and a total risk-based capital ratio of at least 12%. At December 31, 2016, the Bank satisfied the OCC’s regulatory capital requirements as well as these individual minimum capital ratios, although there is no guarantee that the Bank will be able to maintain compliance with these heightened capital ratios. In July 2013, the 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. 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 its capital needs. The final capital rules 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 capital buffer requirement is being phased in beginning January 1, 2016 at 0.625% per year until it becomes 2.50% in 2019 and thereafter. At December 31, 2016, the Company’s and the Bank’s capital buffers were in excess of both the current and fully phased-in requirements. The Bank’s capital amounts (in thousands) and ratios are as follows: Actual capital ratios Minimum for capital adequacy Minimum to be Well Capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital to risk-weighted assets $ 242,661 14.64 % $ 132,592 8.00 % $ 165,740 10.00 % Tier 1 capital to risk-weighted assets 222,304 13.41 % 99,444 6.00 % 132,592 8.00 % Common equity tier 1 capital to risk-weighted assets 222,304 13.41 % 74,583 4.50 % 107,731 6.50 % Tier 1 capital to adjusted average assets (leverage) 222,304 10.25 % 86,767 4.00 % 108,459 5.00 % December 31, 2015 Total capital to risk-weighted assets $ 219,562 12.66 % $ 138,716 8.00 % $ 173,395 10.00 % Tier 1 capital to risk-weighted assets 198,587 11.45 % 104,037 6.00 % 138,716 8.00 % Common equity tier 1 capital to risk-weighted assets 198,587 11.45 % 78,028 4.50 % 112,706 6.50 % Tier 1 capital to adjusted average assets (leverage) 198,587 9.58 % 82,905 4.00 % 103,632 5.00 % The Company’s tier 1 leverage, common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratios were 10.31%, 13.50%, 13.50% and 14.72%, respectively, at December 31, 2016. The Company’s tier 1 leverage, common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratios were 9.77%, 11.68%, 11.68% and 12.89%, respectively, at December 31, 2015. 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. At December 31, 2016, $47.3 million was available for dividends from the Bank to the Company.

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Dec. 31, 2016
CONCENTRATIONS [Abstract]
CONCENTRATIONS	13. CONCENTRATIONS Loans The following table presents the Company’s loan portfolio disaggregated by class of loan at December 31, 2016 and each class’s percentage of total loans and total assets (dollars in thousands): At December 31, 2016 % of total loans % of total assets Commercial and industrial $ 189,410 11.3 % 9.1 % Commercial real estate 731,986 43.7 35.0 Multifamily 402,935 24.0 19.3 Mixed use commercial 78,807 4.7 3.8 Real estate construction 41,028 2.4 2.0 Residential mortgages 185,112 11.1 8.8 Home equity 42,419 2.5 2.0 Consumer 4,867 0.3 0.2 Total loans $ 1,676,564 100.0 % 80.2 % Commercial and industrial loans, unsecured or secured by collateral other than real estate, present significantly greater risk than other types of loans. The Company obtains, whenever possible, both the personal guarantees of the principal and cross-guarantees among the principal’s business enterprises. Commercial real estate loans (inclusive of multifamily and mixed use commercial loans) present greater risk than residential mortgages. The Company has attempted to minimize the risks of these loans by considering several factors, including the creditworthiness of the borrower, location, condition, value and the business prospects for the security property. Investment Securities The following presents the Company’s investment portfolio disaggregated by category of security at December 31, 2016 and each category’s percentage of total investment securities and total assets (dollars in thousands): At December 31, 2016 % of total investment securities % of total assets U.S. Government agency securities $ 2,380 1.2 % 0.1 % Corporate bonds 14,535 7.4 0.7 Collateralized mortgage obligations 17,452 8.8 0.8 Mortgage-backed securities 87,961 44.4 4.2 Obligations of states and political subdivisions 75,694 38.2 3.6 Total investment securities $ 198,022 100.0 % 9.4 % Obligations of states and political subdivisions present slightly greater risk than securities backed by the U.S. Government, but significantly less risk than loans as they are backed by the full faith and taxing power of the issuer, most of which are located in the state of New York. MBS and CMOs are both backed by pools of mortgages. However, CMOs may provide more predictable cash flows since payments are assigned to specific tranches of securities in the order in which they are received.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2016
FAIR VALUE [Abstract]
FAIR VALUE	14. 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. T he Company 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. T he Company 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 Level in December 31, 2016 December 31, 2015 Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Financial Assets: Cash and due from banks Level 1 $ 124,854 $ 124,854 $ 98,086 $ 98,086 Federal Reserve and Federal Home Loan Bank stock and other investments Level 2 4,524 4,524 10,756 10,756 Investment securities held to maturity Level 2 18,780 19,259 61,309 63,272 Investment securities available for sale Level 2 179,242 179,242 247,099 247,099 Loans held for sale Level 2 - - 1,666 1,666 Loans, net of allowance Level 2, 3 (1) 1,656,447 1,623,380 1,645,762 1,628,169 Accrued interest and loan fees receivable Level 2 5,742 5,742 5,859 5,859 Financial Liabilities: Non-maturity deposits Level 2 1,641,479 1,641,479 1,555,980 1,555,980 Time deposits Level 2 196,703 196,080 224,643 224,408 Borrowings Level 2 15,000 14,898 165,000 164,827 Accrued interest payable Level 2 128 128 198 198 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. 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 Company’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 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. Fair values of OREO are generally based on third party appraisals or realtor evaluations of the property. These appraisals and evaluations 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. In conjunction with the sale of Visa Class B shares in 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 December 31, 2016, 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: December 31, 2016 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Impaired loans $ 2,521 $ 2,521 OREO 650 650 Total $ 3,171 $ 3,171 Assets: December 31, 2015 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Impaired loans $ 2,715 $ 2,715 Total $ 2,715 $ 2,715 The Company had no liabilities measured at fair value on a non-recurring basis at December 31, 2016 and 2015. 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: December 31, 2016 December 31, 2015 Valuation Technique Unobservable Inputs Discount Impaired loans: Residential mortgages $ 2,225 $ 2,311 Third party appraisal Discount to appraised value 25 % (1 ) Home equity 231 280 Third party appraisal Discount to appraised value 25 % (1 ) Consumer 65 124 Third party appraisal Discount to appraised value 25 % (2 ) Total $ 2,521 $ 2,715 OREO $ 650 $ - Third party appraisal Estimated holding/selling costs 11 % (1) Of which estimated selling costs are approximately 9% - 15% of the total discount. (2) Of which estimated selling costs are approximately 10% - 12% of the total discount. The following presents fair value measurements on a recurring basis at December 31, 2016 and 2015 (in thousands): Fair Value Measurements Using Significant Other Observable Inputs Significant Unobservable Inputs Assets: December 31, 2016 (Level 2) (Level 3) Obligations of states and political subdivisions $ 65,294 $ 65,294 $ - Collateralized mortgage obligations 17,452 17,452 - Mortgage-backed securities 87,961 87,961 - Corporate bonds 8,535 8,535 - Total $ 179,242 $ 179,242 $ - Liabilities: Derivatives $ 752 $ - $ 752 Total $ 752 $ - $ 752 Fair Value Measurements Using Significant Other Observable Inputs Significant Unobservable Inputs Assets: December 31, 2015 (Level 2) (Level 3) U.S. Government agency securities $ 28,516 $ 28,516 $ - Obligations of states and political subdivisions 104,682 104,682 - Collateralized mortgage obligations 15,549 15,549 - Mortgage-backed securities 92,442 92,442 - Corporate bonds 5,910 5,910 - Total $ 247,099 $ 247,099 $ - 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) Liabilities Derivatives Balance at January 1, 2014 $ 932 Net change (180 ) Balance at December 31, 2014 752 Net change - Balance at December 31, 2015 752 Net change - Balance at December 31, 2016 $ 752

SUFFOLK BANCORP (PARENT COMPANY

SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2016
SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS [Abstract]
SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS	15. SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS (in thousands) Condensed Statements of Condition at December 31, 2016 2015 2014 Assets: Due from banks $ 89 $ 2,988 $ 1,322 Investment in the Bank 213,599 193,252 180,926 Other assets 1,340 1,018 674 Total Assets $ 215,028 $ 197,258 $ 182,922 Liabilities and Stockholders' Equity: Other liabilities $ - $ - $ 189 Stockholders' Equity 215,028 197,258 182,733 Total Liabilities and Stockholders' Equity $ 215,028 $ 197,258 $ 182,922 Condensed Statements of Income and Comprehensive Income for the Years Ended December 31, 2016 2015 2014 Income: Dividends from the Bank $ 1,182 $ 3,763 $ 1,399 Other income - - 176 Expense: Other expense 41 92 837 Income before equity in undistributed net income of the Bank 1,141 3,671 738 Equity in undistributed earnings of the Bank 18,690 14,016 14,557 Net income $ 19,831 $ 17,687 $ 15,295 Total Comprehensive Income $ 18,888 $ 15,954 $ 15,741 Condensed Statements of Cash Flows for the Years Ended December 31, 2016 2015 2014 Cash Flows From Operating Activities: Net income $ 19,831 $ 17,687 $ 15,295 Less: equity in undistributed earnings of the Bank (18,690 ) (14,016 ) (14,557 ) Stock-based compensation 1,131 949 811 Disqualifying dispositions on stock option exercises - (43 ) - Increase in other assets (322 ) (344 ) (4 ) (Decrease) increase in other liabilities - (189 ) 189 Net cash provided by operating activities 1,950 4,044 1,734 Cash Flows From Investing Activities: Advances to the Bank (2,600 ) - - Net cash used in investing activities (2,600 ) - - Cash Flows From Financing Activities: Dividend reinvestment and stock option exercises 2,502 1,385 382 Dividends paid (4,751 ) (3,763 ) (1,399 ) Net cash used in financing activities (2,249 ) (2,378 ) (1,017 ) Net (Decrease) Increase in Cash and Cash Equivalents (2,899 ) 1,666 717 Cash and Cash Equivalents, Beginning of Year 2,988 1,322 605 Cash and Cash Equivalents, End of Year $ 89 $ 2,988 $ 1,322

SELECTED QUARTERLY FINANCIAL DA

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2016
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	16. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (dollars in thousands, except per share data) 2016 2015 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter Interest income $ 18,934 $ 19,324 $ 20,034 $ 19,427 $ 18,805 $ 18,206 $ 18,576 $ 17,193 Interest expense 878 936 1,012 1,103 988 828 755 676 Net interest income 18,056 18,388 19,022 18,324 17,817 17,378 17,821 16,517 (Credit) provision for loan losses (400 ) (350 ) - 250 - 350 - 250 Net interest income after (credit)provision for loan losses 18,456 18,738 19,022 18,074 17,817 17,028 17,821 16,267 Non-interest income 2,028 2,322 2,241 1,892 2,026 2,427 2,050 2,091 Operating expenses (1) 15,382 13,467 13,319 13,152 15,004 12,668 13,174 13,108 Income tax expense 1,369 2,118 2,159 1,976 1,202 1,864 1,579 1,241 Net income $ 3,733 $ 5,475 $ 5,785 $ 4,838 $ 3,637 $ 4,923 $ 5,118 $ 4,009 Net income per common share - basic $ 0.31 $ 0.46 $ 0.49 $ 0.41 $ 0.31 $ 0.42 $ 0.44 $ 0.34 Net income per common share - diluted $ 0.31 $ 0.46 $ 0.48 $ 0.41 $ 0.31 $ 0.42 $ 0.43 $ 0.34 Cash dividends per common share $ 0.10 $ 0.10 $ 0.10 $ 0.10 $ 0.10 $ 0.10 $ 0.06 $ 0.06 (1) 4th quarter 2016 amount included $1.8 million in merger costs; 4th quarter 2015 amount included $1.4 million in systems conversion expense.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	12 Months Ended
	Dec. 31, 2016
LEGAL PROCEEDINGS [Abstract]
LEGAL PROCEEDINGS	17. 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. On July 1, 2016, July 13, 2016 and August 4, 2016, respectively, actions captioned Thaler/Howell Foundation v. Suffolk Bancorp et al Levy v. Suffolk Bancorp et al Parshall v. Suffolk Bancorp, et al Thaler/Howell Foundation Thaler/Howell Foundation Levy Thaler/Howell Foundation Parshall On September 27, 2016, the Company, People’s United and the individual defendants in the Merger-Related Actions entered into a memorandum of understanding (the “MOU”) with the plaintiffs in the Merger-Related Actions regarding the settlement of the Merger-Related Actions, which the Company previously reported on a Current Report on Form 8-K filed on September 28, 2016. The Company, People’s United and the other defendants in the Merger-Related Actions deny all of the allegations in the Merger-Related Actions. Nevertheless, the Company, People’s United and the other defendants have agreed to settle the Merger-Related Actions in order to avoid the costs, disruption and distraction of further litigation. The MOU contemplates that the parties thereto would enter into a stipulation of settlement with respect to the Merger-Related Actions, which would be subject to customary conditions, including court approval following notice to the Company’s shareholders. The MOU also contemplates that in the event that the parties enter into such a stipulation of settlement, a hearing would be scheduled at which a court overseeing the Merger-Related Actions would consider the fairness, reasonableness and adequacy of the settlement. If the settlement is finally approved by the court, it would resolve and release all claims that were brought or could have been brought in the Merger-Related Actions, including claims challenging any disclosure made in connection with the merger. In addition, in connection with the settlement, the MOU contemplates that counsel for the plaintiffs in the Merger-Related Actions will file a petition for an award of attorneys’ fees and expenses in an amount not to exceed $300,000 to be paid by the Company or its successor. If the court approves the settlement contemplated by the MOU, the Merger-Related Actions will be dismissed with prejudice. 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. 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.

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Organization and Nature of Operations	Organization and Nature of Operations On June 26, 2016, the Company entered into an Agreement and Plan of Merger (the “merger agreement”) with People’s United Financial, Inc. (“People’s United”) pursuant to which the Company will merge into People’s United (the “merger”). People’s United will be the surviving corporation in the merger. Subject to the terms and conditions of the merger agreement, the Company’s shareholders will have the right to receive 2.225 shares of People’s United common stock in exchange for each share of Company common stock. The merger agreement was adopted by the Company’s shareholders and both the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have approved the merger. The merger remains subject to other customary conditions to closing. The accounting and reporting policies of the Company conform to the accounting principles generally accepted in the United States of America (“U.S. GAAP”) and general practices within the banking industry. 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 following describe the most significant of these policies.
Cash and Cash Equivalents	Cash and Cash Equivalents
Investment Securities	Investment Securities Premiums and discounts on investment securities are amortized as expense and accreted as income over the estimated life of the respective security using a method that generally approximates the level-yield method. Gains and losses on the sales of investment securities are recognized upon realization, using the specific identification method and shown separately in the consolidated statements of income. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the statement of income and 2) OTTI related to other factors, which is recognized in other comprehensive income (loss). The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings.
Loans and Loan Interest Income Recognition	Loans and Loan Interest Income Recognition 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. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. 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 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 include consideration of the following: levels and trends in various risk rating categories; 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. 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.
Transfers of Financial Instruments	Transfers of Financial Instruments
Loans Held-For-Sale	Loans Held For Sale
Other Real Estate Owned ("OREO")	Other Real Estate Owned (“OREO”)
Premises and Equipment	Premises and Equipment
Bank-Owned Life Insurance	Bank-Owned Life Insurance
Goodwill	Goodwill
Allowance for Off-Balance Sheet Credit Risk	Allowance for Off-Balance Sheet Credit Risk The Company has financial and performance letters of credit. Financial letters of credit require the Company to make payment if the customer’s financial condition deteriorates, as defined in the agreements. Performance letters of credit require the Company to make payments if the customer fails to perform certain non-financial contractual obligations.
Income Taxes	Income Taxes
Summary of Retirement Benefits Accounting	Summary of Retirement Benefits Accounting In accordance with U.S. GAAP the Company recognizes the funded status of a benefit plan in its consolidated statement of financial condition; recognizes as a component of other comprehensive income, net of tax, the gains or losses and prior service costs or credits that arise during the period but are not recognized as components of net periodic benefit cost; measures defined benefit plan assets and obligation as of the date of fiscal year-end; and discloses in the notes to financial statements additional information about certain effects of net periodic benefit cost for the next fiscal year that arise from delayed recognition of the gains or losses, prior service costs or credits, and transition asset and obligation. Plan assets and benefit obligations shall be measured as of the date of its statement of financial position and in determining the amount of net periodic benefit cost. An employer is required to use the same date for the measurement of plan assets as for the statement of condition. The Company accrues for post-retirement benefits other than pensions by accruing the cost of providing those benefits to an employee during the years that the employee serves.
Stock-Based Compensation	Stock-Based Compensation
Treasury Stock	Treasury Stock
Earnings Per Share	Earnings Per Share The reconciliation of basic and diluted weighted average number of common shares outstanding for the years ended December 31, 2016, 2015 and 2014 follows. Years Ended December 31, 2016 2015 2014 Weighted average common shares outstanding 11,766,912 11,649,240 11,582,807 Weighted average unvested restricted shares 115,735 107,211 43,547 Weighted average shares for basic earnings per share 11,882,647 11,756,451 11,626,354 Additional diluted shares: Stock options 89,725 77,053 55,788 Weighted average shares for diluted earnings per share 11,972,372 11,833,504 11,682,142
Comprehensive Income	Comprehensive Income
Derivatives	Derivatives
Segment Reporting	Segment Reporting
Recent Accounting Guidance	Recent Accounting Guidance In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), “Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 significantly changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model and provides for recording credit losses on available-for-sale debt securities through an allowance account. The ASU also requires certain incremental disclosures. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for all entities beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of the pending adoption of the ASU on its consolidated financial statements; however, the materiality of any such impact is not reasonably determinable at this time. In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718), “Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 introduces targeted amendments intended to simplify the accounting for stock compensation. Specifically, the ASU requires all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) to be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits, and assess the need for a valuation allowance, regardless of whether the benefit reduces taxes payable in the current period. The ASU also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity in the statement of cash flows. In addition, the ASU elevates the statutory tax withholding threshold to qualify for equity classification up to the maximum statutory tax rates in the applicable jurisdiction(s). The ASU also clarifies that cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. The ASU provides an optional accounting policy election (with limited exceptions), to be applied on an entity-wide basis, to either estimate the number of awards that are expected to vest (consistent with existing U.S. GAAP) or account for forfeitures when they occur. The amendments were effective for public business entities for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption was permitted. The Company’s adoption of ASU 2016-09 on January 1, 2017 did not have a material effect on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The ASU establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company has not yet evaluated this ASU, thus the impact of its pending adoption on the Company’s consolidated financial statements is not currently known or reasonably estimable. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10), “Recognition and Measurement of Financial Assets and Financial Liabilities” which requires an entity to: (i) measure equity investments at fair value through net income, with certain exceptions; (ii) present in other comprehensive income the changes in instrument-specific credit risk for financial liabilities measured using the fair value option; (iii) present financial assets and financial liabilities by measurement category and form of financial asset; (iv) calculate the fair value of financial instruments for disclosure purposes based on an exit price and; (v) assess a valuation allowance on deferred tax assets related to unrealized losses of available for sale debt securities in combination with other deferred tax assets. This ASU provides an election to subsequently measure certain nonmarketable equity investments at cost less any impairment and adjusted for certain observable price changes and also requires a qualitative impairment assessment of such equity investments and amends certain fair value disclosure requirements. For public entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Generally, early adoption of the amendments in this ASU is not permitted. The Company believes that adoption in 2018 will not 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 FASB subsequently issued ASU 2016-08 which updates the new standard by clarifying the principal versus agent implementation guidance, ASU 2016-10 which clarifies identifying performance obligations and the licensing implementation guidance, ASU 2016-12 which clarifies the guidance on assessing collectability, presenting sales taxes, measuring noncash consideration and certain transition matters and ASU 2016-20 which addresses technical corrections and improvements, but these do not change the core principle of the new standard. The FASB also subsequently issued ASU 2015-14 to defer the effective date of the new standard by one year. As such, it now takes effect for public entities in fiscal years beginning after December 15, 2017, 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). Early adoption is permitted for any entity that chooses to adopt the new standard as of the original effective date. The Company has not yet determined the method by which it will adopt ASU 2014-09 in 2018 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements.
Reclassifications	Reclassifications

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF 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 years ended December 31, 2016, 2015 and 2014 follows. Years Ended December 31, 2016 2015 2014 Weighted average common shares outstanding 11,766,912 11,649,240 11,582,807 Weighted average unvested restricted shares 115,735 107,211 43,547 Weighted average shares for basic earnings per share 11,882,647 11,756,451 11,626,354 Additional diluted shares: Stock options 89,725 77,053 55,788 Weighted average shares for diluted earnings per share 11,972,372 11,833,504 11,682,142

ACCUMULATED OTHER COMPREHENSI29

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI") (Tables)	12 Months Ended
	Dec. 31, 2016
ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI") [Abstract]
Changes in AOCI by component, net of tax	The changes in the Company’s AOCI by component, net of tax, for the years ended December 31, 2016 and 2015 follow (in thousands). Year Ended December 31, 2016 Year Ended December 31, 2015 Unrealized Gains and Losses on Available for Sale Securities Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity Pension and Post- Retirement Plan Items Total Unrealized Gains and Losses on Available for Sale Securities Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity Pension and Post- Retirement Plan Items Total Beginning balance $ 1,436 $ (1,395 ) $ (8,617 ) $ (8,576 ) $ 2,637 $ (1,805 ) $ (7,675 ) $ (6,843 ) Other comprehensive loss before reclassifications (970 ) - (1,110 ) (2,080 ) (1,010 ) - (1,091 ) (2,101 ) Amounts reclassified from AOCI (364 ) 1,324 177 1,137 (191 ) 410 149 368 Net other comprehensive (loss) income (1,334 ) 1,324 (933 ) (943 ) (1,201 ) 410 (942 ) (1,733 ) Ending balance $ 102 $ (71 ) $ (9,550 ) $ (9,519 ) $ 1,436 $ (1,395 ) $ (8,617 ) $ (8,576 )
Reclassifications out of AOCI	Reclassifications out of AOCI for the years ended December 31, 2016, 2015 and 2014 follow (in thousands). Amount Reclassified from AOCI Years Ended December 31, Affected Line Item in the Statement Details about AOCI Components 2016 2015 2014 Where Net Income is Presented Unrealized gains and losses on available for sale securities $ 617 $ 319 $ 19 Net gain on sale of securities available for sale Unrealized losses on securities transferred from available for sale to held to maturity (2,205 ) (660 ) (218 ) Interest income - U.S. Government agency obligations Pension and post-retirement plan items (299 ) (249 ) (25 ) Employee compensation and benefits Subtotal, pre-tax (1,887 ) (590 ) (224 ) Income tax effect 750 222 88 Income tax expense Total, net of tax $ (1,137 ) $ (368 ) $ (136 )

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2016
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 December 31, 2016 and 2015 were as follows (in thousands): December 31, 2016 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: U.S. Government agency securities $ - $ - $ - $ - $ 28,977 $ 2 $ (463 ) $ 28,516 Obligations of states and political subdivisions 63,447 1,847 - 65,294 100,215 4,467 - 104,682 Collateralized mortgage obligations 17,854 - (402 ) 17,452 15,795 2 (248 ) 15,549 Mortgage-backed securities 88,769 79 (887 ) 87,961 93,719 39 (1,316 ) 92,442 Corporate bonds 9,000 - (465 ) 8,535 6,000 - (90 ) 5,910 Total available for sale securities 179,070 1,926 (1,754 ) 179,242 244,706 4,510 (2,117 ) 247,099 Held to maturity: U.S. Government agency securities 2,380 88 - 2,468 43,570 1,450 - 45,020 Obligations of states and political subdivisions 10,400 278 - 10,678 11,739 536 - 12,275 Corporate bonds 6,000 113 - 6,113 6,000 7 (30 ) 5,977 Total held to maturity securities 18,780 479 - 19,259 61,309 1,993 (30 ) 63,272 Total investment securities $ 197,850 $ 2,405 $ (1,754 ) $ 198,501 $ 306,015 $ 6,503 $ (2,147 ) $ 310,371
Investment securities amortized cost, maturities, and approximate fair value	The amortized cost, contractual maturities and fair value of the Company’s investment securities at December 31, 2016 (in thousands) are presented in the table below. Collateralized mortgage obligations (“CMOs”) and mortgage-backed securities (“MBS”) assume maturity dates pursuant to average lives. December 31, 2016 Amortized Cost Fair Value Securities available for sale: Due in one year or less $ 26,650 $ 26,831 Due from one to five years 131,177 131,767 Due from five to ten years 21,243 20,644 Total securities available for sale 179,070 179,242 Securities held to maturity: Due in one year or less 2,636 2,679 Due from one to five years 1,253 1,284 Due from five to ten years 8,380 8,580 Due after ten years 6,511 6,716 Total securities held to maturity 18,780 19,259 Total investment securities $ 197,850 $ 198,501
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 (in thousands) for the years indicated. Realized gains are also inclusive of gains on called securities. Years Ended December 31, 2016 2015 2014 Proceeds $ 6,615 $ 10,080 $ 20,604 Gross realized gains $ 617 $ 334 $ 271 Gross realized losses - (15 ) (252 ) Net realized gains $ 617 $ 319 $ 19
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 December 31, 2016 and 2015, 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 December 31, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 15,716 $ (359 ) $ 1,736 $ (43 ) $ 17,452 $ (402 ) Mortgage-backed securities 73,091 (887 ) - - 73,091 (887 ) Corporate bonds 2,850 (150 ) 5,685 (315 ) 8,535 (465 ) Total $ 91,657 $ (1,396 ) $ 7,421 $ (358 ) $ 99,078 $ (1,754 ) Less than 12 months 12 months or longer Total December 31, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agency securities $ 16,744 $ (233 ) $ 9,770 $ (230 ) $ 26,514 $ (463 ) Collateralized mortgage obligations 1,831 (4 ) 8,200 (244 ) 10,031 (248 ) Mortgage-backed securities 66,804 (884 ) 17,936 (432 ) 84,740 (1,316 ) Corporate bonds 8,880 (120 ) - - 8,880 (120 ) Total $ 94,259 $ (1,241 ) $ 35,906 $ (906 ) $ 130,165 $ (2,147 )

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2016
LOANS [Abstract]
Categorizes total loans	At December 31, 2016 and 2015, net loans disaggregated by class consisted of the following (in thousands): December 31, 2016 December 31, 2015 Commercial and industrial $ 189,410 $ 189,769 Commercial real estate 731,986 696,787 Multifamily 402,935 426,549 Mixed use commercial 78,807 78,787 Real estate construction 41,028 37,233 Residential mortgages 185,112 186,313 Home equity 42,419 44,951 Consumer 4,867 6,058 Gross loans 1,676,564 1,666,447 Allowance for loan losses (20,117 ) (20,685 ) Net loans at end of period $ 1,656,447 $ 1,645,762
Summary of changes in the allowance for loan losses	At December 31, 2016 and 2015, 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 December 31, 2016 and 2015 disaggregated by class and impairment methodology (in thousands). Allowance for Loan Losses Loan Balances December 31, 2016 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Commercial and industrial $ 4 $ 2,128 $ 2,132 $ 3,592 $ 185,818 $ 189,410 Commercial real estate - 8,030 8,030 3,371 728,615 731,986 Multifamily - 3,623 3,623 - 402,935 402,935 Mixed use commercial - 730 730 - 78,807 78,807 Real estate construction - 560 560 - 41,028 41,028 Residential mortgages 305 1,696 2,001 4,981 180,131 185,112 Home equity 172 343 515 1,579 40,840 42,419 Consumer 26 36 62 210 4,657 4,867 Unallocated - 2,464 2,464 - - - Total $ 507 $ 19,610 $ 20,117 $ 13,733 $ 1,662,831 $ 1,676,564 Allowance for Loan Losses Loan Balances December 31, 2015 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Commercial and industrial $ - $ 1,875 $ 1,875 $ 2,872 $ 186,897 $ 189,769 Commercial real estate - 7,019 7,019 4,334 692,453 696,787 Multifamily - 4,688 4,688 - 426,549 426,549 Mixed use commercial - 766 766 - 78,787 78,787 Real estate construction - 386 386 - 37,233 37,233 Residential mortgages 559 1,917 2,476 5,817 180,496 186,313 Home equity 170 469 639 1,683 43,268 44,951 Consumer 48 58 106 379 5,679 6,058 Unallocated - 2,730 2,730 - - - Total $ 777 $ 19,908 $ 20,685 $ 15,085 $ 1,651,362 $ 1,666,447
Summary of current and past due loans	At December 31, 2016 and 2015, past due loans disaggregated by class were as follows (in thousands). Past Due December 31, 2016 30 - 59 days 60 - 89 days 90 days and over Total Current Total Commercial and industrial $ 28 $ - $ 3,288 $ 3,316 $ 186,094 $ 189,410 Commercial real estate - - 1,964 1,964 730,022 731,986 Multifamily - - - - 402,935 402,935 Mixed use commercial - - - - 78,807 78,807 Real estate construction - - - - 41,028 41,028 Residential mortgages 1,057 54 143 1,254 183,858 185,112 Home equity - - 164 164 42,255 42,419 Consumer 87 5 1 93 4,774 4,867 Total $ 1,172 $ 59 $ 5,560 $ 6,791 $ 1,669,773 $ 1,676,564 % of Total Loans 0.1 % 0.0 % 0.3 % 0.4 % 99.6 % 100.0 % Past Due December 31, 2015 30 - 59 days 60 - 89 days 90 days and over Total Current Total Commercial and industrial $ 21 $ - $ 1,954 $ 1,975 $ 187,794 $ 189,769 Commercial real estate - - 1,733 1,733 695,054 696,787 Multifamily - - - - 426,549 426,549 Mixed use commercial - - - - 78,787 78,787 Real estate construction - - - - 37,233 37,233 Residential mortgages 512 175 1,358 2,045 184,268 186,313 Home equity 336 - 406 742 44,209 44,951 Consumer 2 - 77 79 5,979 6,058 Total $ 871 $ 175 $ 5,528 $ 6,574 $ 1,659,873 $ 1,666,447 % of Total Loans 0.1 % 0.0 % 0.3 % 0.4 % 99.6 % 100.0 %
Summary of impaired loans	The following table presents the Company’s impaired loans disaggregated by class at December 31, 2016 and 2015 (in thousands). December 31, 2016 December 31, 2015 Unpaid Principal Balance Recorded Balance Allowance Allocated Unpaid Principal Balance Recorded Balance Allowance Allocated With no allowance recorded: Commercial and industrial $ 3,588 $ 3,588 $ - $ 2,869 $ 2,869 $ - Commercial real estate 3,617 3,371 - 4,753 4,334 - Residential mortgages 2,451 2,451 - 3,076 2,947 - Home equity 1,176 1,176 - 1,233 1,233 - Consumer 119 119 - 207 207 - Subtotal 10,951 10,705 - 12,138 11,590 - With an allowance recorded: Commercial and industrial 4 4 4 3 3 - Residential mortgages 2,659 2,530 305 2,870 2,870 559 Home equity 419 403 172 586 450 170 Consumer 91 91 26 172 172 48 Subtotal 3,173 3,028 507 3,631 3,495 777 Total $ 14,124 $ 13,733 $ 507 $ 15,769 $ 15,085 $ 777 The following table presents the Company’s average recorded investment in impaired loans and the related interest income recognized disaggregated by class for the years ended December 31, 2016, 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. Years Ended December 31, 2016 2015 2014 Average recorded investment in impaired loans Interest income recognized on impaired loans Average recorded investment in impaired loans Interest income recognized on impaired loans Average recorded investment in impaired loans Interest income recognized on impaired loans Commercial and industrial $ 3,996 $ 166 $ 3,313 $ 533 $ 6,961 $ 730 Commercial real estate 3,969 194 7,710 688 10,823 251 Real estate construction - - - - - - Residential mortgages 5,171 200 5,645 297 5,094 207 Home equity 1,642 65 1,719 67 804 83 Consumer 256 12 376 16 248 18 Total $ 15,034 $ 637 $ 18,763 $ 1,601 $ 23,930 $ 1,289
Summary of impaired and non-accrual loans	The following table presents a summary of non-performing assets for each period (in thousands): December 31, 2016 December 31, 2015 Non-accrual loans $ 5,560 $ 5,528 Non-accrual loans held for sale - - Loans 90 days or more past due and still accruing - - OREO 650 - Total non-performing assets $ 6,210 $ 5,528 TDRs accruing interest $ 7,991 $ 9,239 TDRs non-accruing $ 4,348 $ 2,324
Summarizes non-accrual loans by loan class	At December 31, 2016 and 2015, non-accrual loans disaggregated by class were as follows (dollars in thousands): December 31, 2016 December 31, 2015 Non- accrual loans % of Total Total Loans % of Total Loans Non- accrual loans % of Total Total Loans % of Total Loans Commercial and industrial $ 3,288 59.2 % $ 189,410 0.2 % $ 1,954 35.3 % $ 189,769 0.1 % Commercial real estate 1,964 35.3 731,986 0.1 1,733 31.4 696,787 0.1 Multifamily - - 402,935 - - - 426,549 - Mixed use commercial - - 78,807 - - - 78,787 - Real estate construction - - 41,028 - - - 37,233 - Residential mortgages 143 2.6 185,112 - 1,358 24.6 186,313 0.1 Home equity 164 2.9 42,419 - 406 7.3 44,951 - Consumer 1 - 4,867 - 77 1.4 6,058 - Total $ 5,560 100.0 % $ 1,676,564 0.3 % $ 5,528 100.0 % $ 1,666,447 0.3 %
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). Year Ended December 31, 2016 Year Ended December 31, 2015 Balance at beginning of period Charge- offs Recoveries Provision (credit) for loan losses Balance at end of period Balance at beginning of period Charge- offs Recoveries (Credit) provision for loan losses Balance at end of period Commercial and industrial $ 1,875 $ (416 ) $ 264 $ 409 $ 2,132 $ 1,560 $ (744 ) $ 1,524 $ (465 ) $ 1,875 Commercial real estate 7,019 (103 ) 210 904 8,030 6,777 - 39 203 7,019 Multifamily 4,688 - - (1,065 ) 3,623 4,018 - - 670 4,688 Mixed use commercial 766 - - (36 ) 730 261 - - 505 766 Real estate construction 386 - - 174 560 383 - - 3 386 Residential mortgages 2,476 - 42 (517 ) 2,001 3,027 - 32 (583 ) 2,476 Home equity 639 (19 ) 13 (118 ) 515 709 - 22 (92 ) 639 Consumer 106 (72 ) 13 15 62 166 (14 ) 26 (72 ) 106 Unallocated 2,730 - - (266 ) 2,464 2,299 - - 431 2,730 Total $ 20,685 $ (610 ) $ 542 $ (500 ) $ 20,117 $ 19,200 $ (758 ) $ 1,643 $ 600 $ 20,685 Year Ended December 31, 2014 Balance at beginning of period Charge- offs Recoveries (Credit) provision for loan losses Balance at end of period Commercial and industrial $ 2,615 $ (420 ) $ 797 $ (1,432 ) $ 1,560 Commercial real estate 6,572 - 519 (314 ) 6,777 Multifamily 2,159 - - 1,859 4,018 Mixed use commercial 54 - - 207 261 Real estate construction 88 - - 295 383 Residential mortgages 2,463 (32 ) 16 580 3,027 Home equity 745 - 50 (86 ) 709 Consumer 241 (40 ) 47 (82 ) 166 Unallocated 2,326 - - (27 ) 2,299 Total $ 17,263 $ (492 ) $ 1,429 $ 1,000 $ 19,200
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 December 31, 2016 and 2015 (in thousands). December 31, 2016 December 31, 2015 Grade Grade Pass Special mention Substandard Total Pass Special mention Substandard Total Commercial and industrial $ 175,541 $ 1,292 $ 12,577 $ 189,410 $ 180,024 $ 3,088 $ 6,657 $ 189,769 Commercial real estate 719,688 2,300 9,998 731,986 687,210 6,109 3,468 696,787 Multifamily 402,935 - - 402,935 426,549 - - 426,549 Mixed use commercial 76,566 2,241 - 78,807 78,779 - 8 78,787 Real estate construction 39,495 - 1,533 41,028 37,233 - - 37,233 Residential mortgages 184,800 - 312 185,112 184,781 - 1,532 186,313 Home equity 42,255 - 164 42,419 44,545 - 406 44,951 Consumer 4,867 - - 4,867 5,939 - 119 6,058 Total $ 1,646,147 $ 5,833 $ 24,584 $ 1,676,564 $ 1,645,060 $ 9,197 $ 12,190 $ 1,666,447 % of Total 98.2 % 0.3 % 1.5 % 100.0 % 98.7 % 0.6 % 0.7 % 100.0 %
Troubled debt restructurings	Outstanding TDRs, disaggregated by class, at December 31, 2016 and 2015 are as follows (dollars in thousands): December 31, 2016 December 31, 2015 TDRs Outstanding Number of Loans Outstanding Recorded Balance Number of Loans Outstanding Recorded Balance Commercial and industrial 13 $ 3,586 17 $ 1,116 Commercial real estate 3 2,472 5 4,131 Residential mortgages 22 4,716 22 4,653 Home equity 5 1,355 5 1,362 Consumer 6 210 8 301 Total 49 $ 12,339 57 $ 11,563 The following presents, disaggregated by class, information regarding TDRs executed during the years ended December 31, 2016, 2015 and 2014 (dollars in thousands): Years Ended December 31, 2016 2015 New TDRs Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Commercial and industrial 5 $ 3,196 $ 3,082 4 $ 388 $ 388 Residential mortgages - - - 3 300 305 Home equity - - - 1 192 192 Consumer - - - 1 43 43 Total 5 $ 3,196 $ 3,082 9 $ 923 $ 928 Year Ended December 31, 2014 New TDRs Number of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Commercial and industrial 10 $ 1,877 $ 1,877 Commercial real estate 2 5,161 5,161 Residential mortgages 4 581 581 Home equity 5 1,219 1,219 Consumer 4 145 145 Total 25 $ 8,983 $ 8,983 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 years ended December 31, 2016, 2015 and 2014 (dollars in thousands). Years Ended December 31, 2016 2015 2014 Defaulted TDRs Number of Loans Outstanding Recorded Balance Number of Loans Outstanding Recorded Balance Number of Loans Outstanding Recorded Balance Commercial real estate - $ - - $ - 2 $ 1,529 Consumer - - 1 46 - - Total - $ - 1 $ 46 2 $ 1,529

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
PREMISES AND EQUIPMENT [Abstract]
Premises and equipment	At December 31, 2016 and 2015, premises and equipment consisted of the following (in thousands): Estimated Useful Lives 2016 2015 Land Indefinite $ 3,014 $ 3,015 Premises 30 - 40 years 33,413 33,341 Furniture, fixtures & equipment 3 - 7 years 18,479 16,189 Leasehold improvements 2 - 25 years 3,991 3,937 58,897 56,482 Accumulated depreciation and amortization (34,172 ) (33,242 ) Balance at end of year $ 24,725 $ 23,240

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2016
DEPOSITS [Abstract]
Contractual maturities of time deposits	Scheduled maturities of certificates of deposit are as follows (in thousands): Year During Which Time Deposit Matures Time Deposits > $250,000 Other Time Deposits 2017 $ 98,723 $ 60,470 2018 10,573 14,391 2019 511 2,010 2020 461 3,519 2021 and thereafter 2,502 3,543 Total $ 112,770 $ 83,933

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2016
BORROWINGS [Abstract]
Components of short- and long-term interest-bearing liabilities	The following summarizes borrowed funds at December 31, 2016 and 2015 (dollars in thousands): As of or for the Year Ended December 31, 2016 Federal Home Loan Bank Borrowings Short-Term Federal Home Loan Bank Borrowings Long-Term Federal Funds Purchased Daily average outstanding $ 47,315 $ 15,000 $ 3 Total interest cost 276 264 - Average interest rate paid 0.58 % 1.76 % 0.76 % Maximum amount outstanding at any month-end $ 160,000 $ 15,000 $ - Ending balance - 15,000 - Weighted-average interest rate on balances outstanding - % 1.76 % - % As of or for the Year Ended December 31, 2015 Federal Home Loan Bank Borrowings Short-Term Federal Home Loan Bank Borrowings Long-Term Federal Funds Purchased Daily average outstanding $ 63,935 $ 10,808 $ 3 Total interest cost 252 190 - Average interest rate paid 0.39 % 1.76 % 0.45 % Maximum amount outstanding at any month-end $ 155,000 $ 15,000 $ - Ending balance 150,000 15,000 - Weighted-average interest rate on balances outstanding 0.52 % 1.76 % - %

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2016
STOCKHOLDERS' EQUITY [Abstract]
Options granted, exercised, or expired	A summary of stock option activity follows: Number of Shares Weighted-Average Exercise Price Per Share Outstanding, January 1, 2014 291,000 $ 16.18 Granted - - Exercised (18,735 ) $ 13.18 Forfeited or expired (21,165 ) $ 16.95 Outstanding, December 31, 2014 251,100 $ 16.33 Granted - - Exercised (39,334 ) $ 13.71 Forfeited or expired (26,666 ) $ 24.39 Outstanding, December 31, 2015 185,100 $ 15.73 Granted - - Exercised (11,300 ) $ 17.82 Forfeited or expired (3,000 ) $ 34.95 Outstanding, December 31, 2016 170,800 $ 15.26
Summary of options outstanding and exercisable	The following summarizes shares subject to purchase from stock options outstanding and exercisable as of December 31, 2016: Outstanding Exercisable Range of Exercise Prices Shares Weighted-Average Remaining Contractual Life Weighted-Average Exercise Price Shares Weighted-Average Remaining Contractual Life Weighted-Average Exercise Price $ 10.00 - $14.00 81,700 5.1 years $ 11.53 81,700 5.1 years $ 11.53 $ 14.01 - $20.00 83,100 6.6 years $ 17.80 83,100 6.6 years $ 17.80 $ 20.01 - $30.00 2,000 2.1 years $ 28.30 2,000 2.1 years $ 28.30 $ 30.01 - $40.00 4,000 0.6 years $ 32.04 4,000 0.6 years $ 32.04 170,800 5.7 years $ 15.26 170,800 5.7 years $ 15.26
Summary of restricted stock activity	A summary of restricted stock activity follows: Number of Shares Weighted-Average Grant-Date Fair Value Unvested, January 1, 2014 - - Granted 77,000 $ 22.51 Vested - - Forfeited or expired (4,650 ) $ 22.51 Unvested, December 31, 2014 72,350 $ 22.51 Granted 71,612 $ 23.18 Vested (25,948 ) $ 22.55 Forfeited or expired (9,941 ) $ 22.61 Unvested, December 31, 2015 108,073 $ 22.94 Granted 59,371 $ 26.62 Vested (48,899 ) $ 22.98 Forfeited or expired (4,465 ) $ 23.43 Unvested, December 31, 2016 114,080 $ 24.81

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
INCOME TAXES [Abstract]
Components of income tax provision	The following table presents the expense for income taxes in the consolidated statements of income which is comprised of the following (in thousands): 2016 2015 2014 Current: Federal $ 4,989 $ 4,178 $ 5,208 State and local 515 694 223 5,504 4,872 5,431 Deferred: Federal 2,343 1,139 (885 ) State and local 28 429 (747 ) 2,371 1,568 (1,632 ) Valuation allowance (253 ) (554 ) (79 ) Total $ 7,622 $ 5,886 $ 3,720
Effective income tax rate reconciliation	The total tax expense was different from the amounts computed by applying the federal income tax rate because of the following: 2016 2015 2014 Federal income tax expense at statutory rates 35 % 35 % 35 % Surtax exemption (1 ) (1 ) (1 ) Tax-exempt income (8 ) (10 ) (14 ) State and local income taxes, net of federal benefit 2 2 1 Deferred tax asset adjustment and change in rate - (1 ) (2 ) Other - - 1 Total 28 % 25 % 20 %
Deferred tax assets and liabilities	The effects of temporary differences between tax and financial accounting that create significant deferred tax assets and liabilities and the recognition of income and expense for purposes of tax and financial reporting are presented below (in thousands): 2016 2015 2014 Deferred tax assets: Allowance for loan losses $ 8,244 $ 8,392 $ 7,576 Deferred compensation 1,560 1,624 1,652 Stock-based compensation 763 640 459 Realized losses on securities reclassed from available for sale to held to maturity 49 930 1,180 Unfunded pension obligation 3,277 2,529 2,496 Alternative minimum tax credit - 2,427 3,925 Net operating loss carryforward 699 614 1,169 Other 1,170 1,104 992 Total deferred tax assets 15,762 18,260 19,449 Deferred tax liabilities: Unrealized gains on securities available for sale (71 ) (957 ) (1,724 ) Other (608 ) (844 ) (842 ) Total deferred tax liabilities (679 ) (1,801 ) (2,566 ) Valuation allowance (699 ) (614 ) (1,169 ) Net deferred tax assets $ 14,384 $ 15,845 $ 15,714

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2016
EMPLOYEE BENEFITS [Abstract]
Changes in benefit obligation	The following table sets forth the plan’s change in benefit obligation (in thousands): 2016 2015 2014 Benefit obligation at beginning of year $ 47,431 $ 49,734 $ 41,713 Interest cost 2,185 2,099 2,158 Actuarial loss (gain) 1,895 (2,451 ) 7,709 Benefits paid (2,133 ) (1,951 ) (1,846 ) Benefit obligation at end of year $ 49,378 $ 47,431 $ 49,734
Changes in fair value of plan assets	The following table sets forth the plan’s change in plan assets (in thousands): 2016 2015 2014 Fair value of plan assets at beginning of year $ 41,003 $ 43,431 $ 41,456 Actual return on plan assets 2,919 (1,227 ) 2,992 Employer contribution - 1,000 1,000 Benefits paid and actual expenses (2,541 ) (2,201 ) (2,017 ) Fair value of plan assets at end of year $ 41,381 $ 41,003 $ 43,431
Funded status and amounts recognized in Consolidated Statements Of Condition	The following table presents the plan’s funded status and amounts recognized in the consolidated statements of condition (in thousands): 2016 2015 Underfunded status $ (7,997 ) $ (6,428 ) Amount included in other liabilities $ (7,997 ) $ (6,428 ) Accumulated benefit obligation $ 49,378 $ 47,431
Estimated benefits payments	The following table presents estimated benefits to be paid during the years indicated (in thousands): 2017 $ 2,322 2018 2,413 2019 2,502 2020 2,540 2021 2,656 2022-2026 14,120
Net periodic pension credit	The following table summarizes the net periodic pension credit (in thousands): 2016 2015 2014 Interest cost on projected benefit obligation $ 2,185 $ 2,099 $ 2,158 Expected return on plan assets (2,497 ) (2,792 ) (2,548 ) Amortization of net loss 299 249 25 Net periodic pension credit (13 ) (444 ) (365 ) Other changes in plan assets and benefit obligation recognized in other comprehensive income: Net actuarial loss 1,880 1,819 7,435 Amortization of net loss (299 ) (249 ) (25 ) Total recognized in other comprehensive income 1,581 1,570 7,410 Total recognized in net periodic pension credit and other comprehensive income $ 1,568 $ 1,126 $ 7,045 Weighted-average discount rate for the period 4.74 % 4.32 % 5.33 % Expected long-term rate of return on assets 7.00 % 7.00 % 7.00 %
Assumptions used in the measurement of the Company's pension obligation	The assumptions used in the measurement of the Company’s pension obligation at December 31, 2016 and 2015 were: 2016 2015 Discount rate 4.58 % 4.74 % Rate of increase in future compensation 0.00 % 0.00 % Expected long-term rate of return on assets N/A N/A
Expected net periodic pension cost in next fiscal year	The following table summarizes the net periodic pension cost expected for the year ended December 31, 2017. This amount is subject to change if a significant plan-related event should occur before the end of fiscal 2017 (in thousands): Projected 2017 Interest cost on projected benefit obligation $ 2,190 Expected return on plan assets (2,373 ) Amortization of net loss 356 Net periodic pension cost $ 173 Weighted-average discount rate for the period 4.58 % Expected long-term rate of return on assets 7.00 %
Pension plan weighted-average asset allocations	The Company’s pension plan weighted-average asset allocations at December 31, 2016 and 2015, by asset category were as follows: At December 31, Asset category 2016 2015 Cash - % 1 % Equity securities 61 59 Debt securities 39 40 Total 100 % 100 %
Pension plan target asset allocations	The following table presents target investment allocations for 2017 by asset category: Asset Category Target Allocation 2017 Cash equivalents 0 - 5 % Equity securities 54 - 64 % Fixed income securities 36 - 41 %
Fair value measurements of pension plan assets on a recurring basis	The following table summarizes the fair value measurements of the Company’s pension plan assets on a recurring basis as of December 31, 2016 (in thousands): Fair Value Measurements Using Description Active Markets for Identical Assets Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Total Short-term investment funds $ 181 $ - $ 181 Common collective trusts: U.S. equity securities - 9,698 9,698 Non - U.S. equity securities - 15,382 15,382 U.S. fixed income securities - 16,120 16,120 Total $ 181 $ 41,200 $ 41,381 The following table summarizes the fair value measurements of the Company’s pension plan assets on a recurring basis as of December 31, 2015 (in thousands): Fair Value Measurements Using Description Active Markets for Identical Assets Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Total Short-term investment funds $ 323 $ - $ 323 Common collective trusts: U.S. equity securities - 9,200 9,200 Non - U.S. equity securities - 15,000 15,000 U.S. fixed income securities - 16,480 16,480 Total $ 323 $ 40,680 $ 41,003

COMMITMENTS AND CONTINGENT LI38

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENT LIABILITIES [Abstract]
Minimum annual rentals, exclusive of taxes and other charges under non-cancelable operating leases	Minimum annual rentals, exclusive of taxes and other charges under non-cancelable operating leases, are as follows (in thousands): Capital Leases Operating Leases 2017 $ 341 $ 1,679 2018 347 1,359 2019 354 1,219 2020 360 801 2021 377 701 Thereafter 3,969 1,632 Total minimum lease payments 5,748 $ 7,391 Less: amounts representing interest 1,487 Present value of minimum lease payments $ 4,261

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2016
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 for capital adequacy Minimum to be Well Capitalized under prompt corrective action provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital to risk-weighted assets $ 242,661 14.64 % $ 132,592 8.00 % $ 165,740 10.00 % Tier 1 capital to risk-weighted assets 222,304 13.41 % 99,444 6.00 % 132,592 8.00 % Common equity tier 1 capital to risk-weighted assets 222,304 13.41 % 74,583 4.50 % 107,731 6.50 % Tier 1 capital to adjusted average assets (leverage) 222,304 10.25 % 86,767 4.00 % 108,459 5.00 % December 31, 2015 Total capital to risk-weighted assets $ 219,562 12.66 % $ 138,716 8.00 % $ 173,395 10.00 % Tier 1 capital to risk-weighted assets 198,587 11.45 % 104,037 6.00 % 138,716 8.00 % Common equity tier 1 capital to risk-weighted assets 198,587 11.45 % 78,028 4.50 % 112,706 6.50 % Tier 1 capital to adjusted average assets (leverage) 198,587 9.58 % 82,905 4.00 % 103,632 5.00 %

CONCENTRATIONS (Tables)

CONCENTRATIONS (Tables)	12 Months Ended
	Dec. 31, 2016
CONCENTRATIONS [Abstract]
Schedules of loan portfolio disaggregated by class of loan and investment portfolio disaggregated by category of security	The following table presents the Company’s loan portfolio disaggregated by class of loan at December 31, 2016 and each class’s percentage of total loans and total assets (dollars in thousands): At December 31, 2016 % of total loans % of total assets Commercial and industrial $ 189,410 11.3 % 9.1 % Commercial real estate 731,986 43.7 35.0 Multifamily 402,935 24.0 19.3 Mixed use commercial 78,807 4.7 3.8 Real estate construction 41,028 2.4 2.0 Residential mortgages 185,112 11.1 8.8 Home equity 42,419 2.5 2.0 Consumer 4,867 0.3 0.2 Total loans $ 1,676,564 100.0 % 80.2 % The following presents the Company’s investment portfolio disaggregated by category of security at December 31, 2016 and each category’s percentage of total investment securities and total assets (dollars in thousands): At December 31, 2016 % of total investment securities % of total assets U.S. Government agency securities $ 2,380 1.2 % 0.1 % Corporate bonds 14,535 7.4 0.7 Collateralized mortgage obligations 17,452 8.8 0.8 Mortgage-backed securities 87,961 44.4 4.2 Obligations of states and political subdivisions 75,694 38.2 3.6 Total investment securities $ 198,022 100.0 % 9.4 %

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2016
FAIR VALUE [Abstract]
Carrying amounts and fair values of financial instruments	The following table presents the carrying amounts and fair values of the Company Level in December 31, 2016 December 31, 2015 Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Financial Assets: Cash and due from banks Level 1 $ 124,854 $ 124,854 $ 98,086 $ 98,086 Federal Reserve and Federal Home Loan Bank stock and other investments Level 2 4,524 4,524 10,756 10,756 Investment securities held to maturity Level 2 18,780 19,259 61,309 63,272 Investment securities available for sale Level 2 179,242 179,242 247,099 247,099 Loans held for sale Level 2 - - 1,666 1,666 Loans, net of allowance Level 2, 3 (1) 1,656,447 1,623,380 1,645,762 1,628,169 Accrued interest and loan fees receivable Level 2 5,742 5,742 5,859 5,859 Financial Liabilities: Non-maturity deposits Level 2 1,641,479 1,641,479 1,555,980 1,555,980 Time deposits Level 2 196,703 196,080 224,643 224,408 Borrowings Level 2 15,000 14,898 165,000 164,827 Accrued interest payable Level 2 128 128 198 198 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: December 31, 2016 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Impaired loans $ 2,521 $ 2,521 OREO 650 650 Total $ 3,171 $ 3,171 Assets: December 31, 2015 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Impaired loans $ 2,715 $ 2,715 Total $ 2,715 $ 2,715
Fair Value Inputs, Liabilities, 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: December 31, 2016 December 31, 2015 Valuation Technique Unobservable Inputs Discount Impaired loans: Residential mortgages $ 2,225 $ 2,311 Third party appraisal Discount to appraised value 25 % (1 ) Home equity 231 280 Third party appraisal Discount to appraised value 25 % (1 ) Consumer 65 124 Third party appraisal Discount to appraised value 25 % (2 ) Total $ 2,521 $ 2,715 OREO $ 650 $ - Third party appraisal Estimated holding/selling costs 11 % (1) Of which estimated selling costs are approximately 9% - 15% of the total discount. (2) Of which estimated selling costs are approximately 10% - 12% of the total discount.
Valuation of financial instruments measured at fair value on recurring basis	The following presents fair value measurements on a recurring basis at December 31, 2016 and 2015 (in thousands): Fair Value Measurements Using Significant Other Observable Inputs Significant Unobservable Inputs Assets: December 31, 2016 (Level 2) (Level 3) Obligations of states and political subdivisions $ 65,294 $ 65,294 $ - Collateralized mortgage obligations 17,452 17,452 - Mortgage-backed securities 87,961 87,961 - Corporate bonds 8,535 8,535 - Total $ 179,242 $ 179,242 $ - Liabilities: Derivatives $ 752 $ - $ 752 Total $ 752 $ - $ 752 Fair Value Measurements Using Significant Other Observable Inputs Significant Unobservable Inputs Assets: December 31, 2015 (Level 2) (Level 3) U.S. Government agency securities $ 28,516 $ 28,516 $ - Obligations of states and political subdivisions 104,682 104,682 - Collateralized mortgage obligations 15,549 15,549 - Mortgage-backed securities 92,442 92,442 - Corporate bonds 5,910 5,910 - Total $ 247,099 $ 247,099 $ - 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) Liabilities Derivatives Balance at January 1, 2014 $ 932 Net change (180 ) Balance at December 31, 2014 752 Net change - Balance at December 31, 2015 752 Net change - Balance at December 31, 2016 $ 752

SUFFOLK BANCORP (PARENT COMPA42

SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS [Abstract]
Condensed financial statements	Condensed Statements of Condition at December 31, 2016 2015 2014 Assets: Due from banks $ 89 $ 2,988 $ 1,322 Investment in the Bank 213,599 193,252 180,926 Other assets 1,340 1,018 674 Total Assets $ 215,028 $ 197,258 $ 182,922 Liabilities and Stockholders' Equity: Other liabilities $ - $ - $ 189 Stockholders' Equity 215,028 197,258 182,733 Total Liabilities and Stockholders' Equity $ 215,028 $ 197,258 $ 182,922 Condensed Statements of Income and Comprehensive Income for the Years Ended December 31, 2016 2015 2014 Income: Dividends from the Bank $ 1,182 $ 3,763 $ 1,399 Other income - - 176 Expense: Other expense 41 92 837 Income before equity in undistributed net income of the Bank 1,141 3,671 738 Equity in undistributed earnings of the Bank 18,690 14,016 14,557 Net income $ 19,831 $ 17,687 $ 15,295 Total Comprehensive Income $ 18,888 $ 15,954 $ 15,741 Condensed Statements of Cash Flows for the Years Ended December 31, 2016 2015 2014 Cash Flows From Operating Activities: Net income $ 19,831 $ 17,687 $ 15,295 Less: equity in undistributed earnings of the Bank (18,690 ) (14,016 ) (14,557 ) Stock-based compensation 1,131 949 811 Disqualifying dispositions on stock option exercises - (43 ) - Increase in other assets (322 ) (344 ) (4 ) (Decrease) increase in other liabilities - (189 ) 189 Net cash provided by operating activities 1,950 4,044 1,734 Cash Flows From Investing Activities: Advances to the Bank (2,600 ) - - Net cash used in investing activities (2,600 ) - - Cash Flows From Financing Activities: Dividend reinvestment and stock option exercises 2,502 1,385 382 Dividends paid (4,751 ) (3,763 ) (1,399 ) Net cash used in financing activities (2,249 ) (2,378 ) (1,017 ) Net (Decrease) Increase in Cash and Cash Equivalents (2,899 ) 1,666 717 Cash and Cash Equivalents, Beginning of Year 2,988 1,322 605 Cash and Cash Equivalents, End of Year $ 89 $ 2,988 $ 1,322

SELECTED QUARTERLY FINANCIAL 43

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2016
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]
Selected quarterly financial data	2016 2015 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter Interest income $ 18,934 $ 19,324 $ 20,034 $ 19,427 $ 18,805 $ 18,206 $ 18,576 $ 17,193 Interest expense 878 936 1,012 1,103 988 828 755 676 Net interest income 18,056 18,388 19,022 18,324 17,817 17,378 17,821 16,517 (Credit) provision for loan losses (400 ) (350 ) - 250 - 350 - 250 Net interest income after (credit)provision for loan losses 18,456 18,738 19,022 18,074 17,817 17,028 17,821 16,267 Non-interest income 2,028 2,322 2,241 1,892 2,026 2,427 2,050 2,091 Operating expenses (1) 15,382 13,467 13,319 13,152 15,004 12,668 13,174 13,108 Income tax expense 1,369 2,118 2,159 1,976 1,202 1,864 1,579 1,241 Net income $ 3,733 $ 5,475 $ 5,785 $ 4,838 $ 3,637 $ 4,923 $ 5,118 $ 4,009 Net income per common share - basic $ 0.31 $ 0.46 $ 0.49 $ 0.41 $ 0.31 $ 0.42 $ 0.44 $ 0.34 Net income per common share - diluted $ 0.31 $ 0.46 $ 0.48 $ 0.41 $ 0.31 $ 0.42 $ 0.43 $ 0.34 Cash dividends per common share $ 0.10 $ 0.10 $ 0.10 $ 0.10 $ 0.10 $ 0.10 $ 0.06 $ 0.06 (1) 4th quarter 2016 amount included $1.8 million in merger costs; 4th quarter 2015 amount included $1.4 million in systems conversion expense.

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Corporationshares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014shares
Organization and Nature of Operations [Abstract]
Ownership percentage	100.00%
Number of corporation used to acquire foreclosed real estate | Corporation	2
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
Transfers of Financial Instruments [Abstract]
Servicing loan portfolio	189,000	$ 179,000
Mortgage servicing rights	2,000	2,000
Other Real Estate [Abstract]
Other Real Estate Owned ("OREO")	650	0
PREMISES AND EQUIPMENT [Abstract]
Impairment of long lived assets	0	0
Goodwill [Abstract]
Fair value of the assets acquired	814
Impairment of goodwill	0	0
Allowance for Contingent Liabilities [Abstract]
Allowance for contingent liabilities	$ 240	$ 290
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average common shares outstanding (in shares) | shares	11,766,912	11,649,240	11,582,807
Weighted average unvested restricted shares (in shares) | shares	115,735	107,211	43,547
Weighted average shares for basic earnings per share (in shares) | shares	11,882,647	11,756,451	11,626,354
Additional diluted shares [Abstract]
Stock options (in shares) | shares	89,725	77,053	55,788
Weighted average shares for diluted earnings per share (in shares) | shares	11,972,372	11,833,504	11,682,142
People's United [Member]
Business Acquisition [Line Items]
Number of common stock to receive after completion of merger (in shares) | shares	2.225

ACCUMULATED OTHER COMPREHENSI45

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS ("AOCI") (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				$ 197,258				$ 182,733	$ 197,258	$ 182,733
Other comprehensive loss before reclassifications									(2,080)	(2,101)
Amounts reclassified from AOCI									1,137	368
Net other comprehensive (loss) income									(943)	(1,733)
Ending Balance	$ 215,028				$ 197,258				215,028	197,258	$ 182,733
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net gain on sale of securities available for sale									617	319	19
Interest income - U.S. Government agency obligations									676	2,079	2,320
Subtotal, pre-tax									27,453	23,573	19,015
Income tax expense	(1,369)	$ (2,118)	$ (2,159)	(1,976)	(1,202)	$ (1,864)	$ (1,579)	(1,241)	(7,622)	(5,886)	(3,720)
NET INCOME	3,733	$ 5,475	$ 5,785	4,838	3,637	$ 4,923	$ 5,118	4,009	19,831	17,687	15,295
Reclassification Out Of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Subtotal, pre-tax									(1,887)	(590)	(224)
Income tax expense									750	222	88
NET INCOME									(1,137)	(368)	(136)
Accumulated Other Comprehensive Income (Loss) [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				(8,576)				(6,843)	(8,576)	(6,843)	(7,289)
Ending Balance	(9,519)				(8,576)				(9,519)	(8,576)	(6,843)
Unrealized Gains and Losses on Available-for-Sale Securities [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				1,436				2,637	1,436	2,637
Other comprehensive loss before reclassifications									(970)	(1,010)
Amounts reclassified from AOCI									(364)	(191)
Net other comprehensive (loss) income									(1,334)	(1,201)
Ending Balance	102				1,436				102	1,436	2,637
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | 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									617	319	19
Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				(1,395)				(1,805)	(1,395)	(1,805)
Other comprehensive loss before reclassifications									0	0
Amounts reclassified from AOCI									1,324	410
Net other comprehensive (loss) income									1,324	410
Ending Balance	(71)				(1,395)				(71)	(1,395)	(1,805)
Unrealized Losses on Securities Transferred from Available for Sale to Held to Maturity [Member] | Reclassification Out Of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Interest income - U.S. Government agency obligations									(2,205)	(660)	(218)
Pension and Post-Retirement Plan Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				$ (8,617)				$ (7,675)	(8,617)	(7,675)
Other comprehensive loss before reclassifications									(1,110)	(1,091)
Amounts reclassified from AOCI									177	149
Net other comprehensive (loss) income									(933)	(942)
Ending Balance	$ (9,550)				$ (8,617)				(9,550)	(8,617)	(7,675)
Pension and Post-Retirement Plan Items [Member] | Reclassification Out Of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Employee compensation and benefits									$ (299)	$ (249)	$ (25)

INVESTMENT SECURITIES, Amortize

INVESTMENT SECURITIES, Amortized Cost, Estimated Values and Gross Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INVESTMENT SECURITIES [Abstract]
Investment securities transferred from available for sale to held to maturity, fair value	$ 0	$ 0	$ 48,147
Investment securities transferred from available for sale to held to maturity, unrealized gain (loss)			$ (3,200)
Available-for-sale [Abstract]
Total securities available for sale	179,070	244,706
Gross Unrealized Gains	1,926	4,510
Gross Unrealized Losses	(1,754)	(2,117)
Fair value	179,242	247,099
Held-to-maturity [Abstract]
Amortized Cost	18,780	61,309
Gross Unrealized Gains	479	1,993
Gross Unrealized Losses	0	(30)
Fair Value	19,259	63,272
Total investment securities [Abstract]
Total Amortized Cost	197,850	306,015
Total Gross Unrealized Gains	2,405	6,503
Total Gross Unrealized Losses	(1,754)	(2,147)
Total Fair Value	198,501	310,371
US Government Agency Securities [Member]
Available-for-sale [Abstract]
Total securities available for sale	0	28,977
Gross Unrealized Gains	0	2
Gross Unrealized Losses	0	(463)
Fair value	0	28,516
Obligations of States and Political Subdivisions [Member]
Available-for-sale [Abstract]
Total securities available for sale	63,447	100,215
Gross Unrealized Gains	1,847	4,467
Gross Unrealized Losses	0	0
Fair value	65,294	104,682
Collateralized Mortgage Obligations [Member]
Available-for-sale [Abstract]
Total securities available for sale	17,854	15,795
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(402)	(248)
Fair value	17,452	15,549
Mortgage-Backed Securities [Member]
Available-for-sale [Abstract]
Total securities available for sale	88,769	93,719
Gross Unrealized Gains	79	39
Gross Unrealized Losses	(887)	(1,316)
Fair value	87,961	92,442
Corporate Bond Securities [Member]
Available-for-sale [Abstract]
Total securities available for sale	9,000	6,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(465)	(90)
Fair value	8,535	5,910
US Government Agency Securities [Member]
Held-to-maturity [Abstract]
Amortized Cost	2,380	43,570
Gross Unrealized Gains	88	1,450
Gross Unrealized Losses	0	0
Fair Value	2,468	45,020
Obligations of States and Political Subdivisions [Member]
Held-to-maturity [Abstract]
Amortized Cost	10,400	11,739
Gross Unrealized Gains	278	536
Gross Unrealized Losses	0	0
Fair Value	10,678	12,275
Corporate Bond Securities [Member]
Held-to-maturity [Abstract]
Amortized Cost	6,000	6,000
Gross Unrealized Gains	113	7
Gross Unrealized Losses	0	(30)
Fair Value	$ 6,113	$ 5,977

INVESTMENT SECURITIES, Amorti47

INVESTMENT SECURITIES, Amortized Cost, Maturities and Approximate Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amortized Cost [Abstract]
Due in one year or less	$ 26,650
Due from one to five years	131,177
Due from five to ten years	21,243
Total securities available for sale	179,070	$ 244,706
Fair Value [Abstract]
Due in one year or less	26,831
Due from one to five years	131,767
Due from five to ten years	20,644
Total securities available for sale	179,242	247,099
Amortized Cost [Abstract]
Due in one year or less	2,636
Due from one to five years	1,253
Due from five to ten years	8,380
Due after ten years	6,511
Amortized Cost	18,780	61,309
Fair Value [Abstract]
Due in one year or less	2,679
Due from one to five years	1,284
Due from five to ten years	8,580
Due after ten years	6,716
Total securities held to maturity	19,259	63,272
Total Amortized Cost	197,850	306,015
Total Fair Value	198,501	310,371
Federal Reserve Bank Stock	1,400	1,400
Federal Home Loan Bank Stock	$ 2,800	9,200
Dividend paid on FRB stock	6.00%
Dividend paid on FHLB stock	5.00%
Investment securities pledged	$ 144,000	261,000
Contingent liability from counterparty estimated future exposure from Visa litigation	752	752
Carrying costs related to Visa shares sold	324	294	$ 239
US Government agency securities held as available-for-sale pledged as collateral	$ 3,000	$ 3,000
Shares of Visa Class B securities held (in shares)	38,638

INVESTMENT SECURITIES, Securiti

INVESTMENT SECURITIES, Securities Sales And Continuous Unrealized Loss Position Of Securities Held (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Proceeds from sales of securities available for sale and the associated realized securities gains and losses [Abstract]
Proceeds	$ 6,615	$ 10,080	$ 20,604
Gross realized gains	617	334	271
Gross realized losses	0	(15)	(252)
Net realized gains	617	319	$ 19
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	91,657	94,259
Less than 12 months Unrealized Losses	(1,396)	(1,241)
12 months or longer Fair Value	7,421	35,906
12 months or longer Unrealized Losses	(358)	(906)
Total Fair Value	99,078	130,165
Total Unrealized Losses	(1,754)	(2,147)
US 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		16,744
Less than 12 months Unrealized Losses		(233)
12 months or longer Fair Value		9,770
12 months or longer Unrealized Losses		(230)
Total Fair Value		26,514
Total Unrealized Losses		(463)
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	15,716	1,831
Less than 12 months Unrealized Losses	(359)	(4)
12 months or longer Fair Value	1,736	8,200
12 months or longer Unrealized Losses	(43)	(244)
Total Fair Value	17,452	10,031
Total Unrealized Losses	(402)	(248)
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	73,091	66,804
Less than 12 months Unrealized Losses	(887)	(884)
12 months or longer Fair Value	0	17,936
12 months or longer Unrealized Losses	0	(432)
Total Fair Value	73,091	84,740
Total Unrealized Losses	(887)	(1,316)
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	2,850	8,880
Less than 12 months Unrealized Losses	(150)	(120)
12 months or longer Fair Value	5,685	0
12 months or longer Unrealized Losses	(315)	0
Total Fair Value	8,535	8,880
Total Unrealized Losses	$ (465)	$ (120)

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Categorizes total loans [Abstract]
Gross Loans	$ 1,676,564	$ 1,666,447
Allowance for loan losses	(20,117)	(20,685)	$ (19,200)	$ (17,263)
Net loans	1,656,447	1,645,762
Loans made to directors and executives	21,000	18,000
New loans granted to directors or executive	85,000	81,000
Payment received from directors and executives	$ 82,000	74,000
Number of months of performance trouble debt restructuring returns to accrual status	6 months
Threshold for non-accrual loans to be evaluated individually for impairment	$ 250
Commercial and Industrial [Member]
Categorizes total loans [Abstract]
Gross Loans	189,410	189,769
Allowance for loan losses	(2,132)	(1,875)	(1,560)	(2,615)
Commercial Real Estate [Member]
Categorizes total loans [Abstract]
Gross Loans	731,986	696,787
Allowance for loan losses	(8,030)	(7,019)	(6,777)	(6,572)
Multifamily [Member]
Categorizes total loans [Abstract]
Gross Loans	402,935	426,549
Allowance for loan losses	(3,623)	(4,688)	(4,018)	(2,159)
Mixed Use Commercial [Member]
Categorizes total loans [Abstract]
Gross Loans	78,807	78,787
Allowance for loan losses	(730)	(766)	(261)	(54)
Real Estate Construction [Member]
Categorizes total loans [Abstract]
Gross Loans	41,028	37,233
Allowance for loan losses	(560)	(386)	(383)	(88)
Residential Mortgages [Member]
Categorizes total loans [Abstract]
Gross Loans	185,112	186,313
Allowance for loan losses	(2,001)	(2,476)	(3,027)	(2,463)
Home Equity [Member]
Categorizes total loans [Abstract]
Gross Loans	42,419	44,951
Allowance for loan losses	(515)	(639)	$ (709)	$ (745)
Consumer [Member]
Categorizes total loans [Abstract]
Gross Loans	4,867	6,058
Allowance for loan losses	$ (62)	$ (106)

LOANS, Loans and Allowance for

LOANS, Loans and Allowance for Loan Losses Impairment Evaluations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	$ 507	$ 777
Ending balance: collectively evaluated for impairment	19,610	19,908
Ending balance	20,117	20,685	$ 19,200	$ 17,263
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	13,733	15,085
Ending balance: collectively evaluated for impairment	1,662,831	1,651,362
Total loans	1,676,564	1,666,447
Commercial real estate mortgage loans to warrant information from management, minimum	$ 750
Loans to value ratio for originating residential mortgage and home equity loans, maximum	80.00%
Owner-occupied Real Estate [Member]
Loan balances [Abstract]
Commercial real estate mortgage loans to warrant information from management, minimum	$ 750
Commercial and Industrial [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	4	0
Ending balance: collectively evaluated for impairment	2,128	1,875
Ending balance	2,132	1,875	1,560	2,615
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	3,592	2,872
Ending balance: collectively evaluated for impairment	185,818	186,897
Total loans	189,410	189,769
Commercial Real Estate [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	8,030	7,019
Ending balance	8,030	7,019	6,777	6,572
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	3,371	4,334
Ending balance: collectively evaluated for impairment	728,615	692,453
Total loans	731,986	696,787
Multifamily [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	3,623	4,688
Ending balance	3,623	4,688	4,018	2,159
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	402,935	426,549
Total loans	402,935	426,549
Mixed Use Commercial [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	730	766
Ending balance	730	766	261	54
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	78,807	78,787
Total loans	$ 78,807	78,787
Percentage of commercial rents	50.00%
Real Estate Construction [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	$ 0	0
Ending balance: collectively evaluated for impairment	560	386
Ending balance	560	386	383	88
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	41,028	37,233
Total loans	41,028	37,233
Residential Mortgages [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	305	559
Ending balance: collectively evaluated for impairment	1,696	1,917
Ending balance	2,001	2,476	3,027	2,463
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	4,981	5,817
Ending balance: collectively evaluated for impairment	180,131	180,496
Total loans	185,112	186,313
Home Equity [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	172	170
Ending balance: collectively evaluated for impairment	343	469
Ending balance	515	639	709	745
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	1,579	1,683
Ending balance: collectively evaluated for impairment	40,840	43,268
Total loans	42,419	44,951
Consumer [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	26	48
Ending balance: collectively evaluated for impairment	36	58
Ending balance	62	106
Loan balances [Abstract]
Ending balance: individually evaluated for impairment	210	379
Ending balance: collectively evaluated for impairment	4,657	5,679
Total loans	4,867	6,058
Unallocated [Member]
Allowance for loan losses [Abstract]
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	2,464	2,730
Ending balance	2,464	2,730	$ 2,299	$ 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, Loans Current and Past D

LOANS, Loans Current and Past Due by Aging Categories (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of current and past due loans [Abstract]
Total past due	$ 6,791	$ 6,574
Current	1,669,773	1,659,873
Total loans	$ 1,676,564	$ 1,666,447
Percentage of Total Loans, Past Due	0.40%	0.40%
Percentage of Total Loans, Current	99.60%	99.60%
Percentage of Total Loans	100.00%	100.00%
30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	$ 1,172	$ 871
Percentage of Total Loans, Past Due	0.10%	0.10%
60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	$ 59	$ 175
Percentage of Total Loans, Past Due	0.00%	0.00%
90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	$ 5,560	$ 5,528
Percentage of Total Loans, Past Due	0.30%	0.30%
Commercial and Industrial [Member]
Summary of current and past due loans [Abstract]
Total past due	$ 3,316	$ 1,975
Current	186,094	187,794
Total loans	189,410	189,769
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	28	21
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Commercial and Industrial [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	3,288	1,954
Commercial Real Estate [Member]
Summary of current and past due loans [Abstract]
Total past due	1,964	1,733
Current	730,022	695,054
Total loans	731,986	696,787
Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	1,964	1,733
Multifamily [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Current	402,935	426,549
Total loans	402,935	426,549
Multifamily [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Multifamily [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Multifamily [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Mixed Use Commercial [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Current	78,807	78,787
Total loans	78,807	78,787
Mixed Use Commercial [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Mixed Use Commercial [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Mixed Use Commercial [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Real Estate Construction [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Current	41,028	37,233
Total loans	41,028	37,233
Real Estate Construction [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Real Estate Construction [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Real Estate Construction [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Residential Mortgages [Member]
Summary of current and past due loans [Abstract]
Total past due	1,254	2,045
Current	183,858	184,268
Total loans	185,112	186,313
Residential Mortgages [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	1,057	512
Residential Mortgages [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	54	175
Residential Mortgages [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	143	1,358
Home Equity [Member]
Summary of current and past due loans [Abstract]
Total past due	164	742
Current	42,255	44,209
Total loans	42,419	44,951
Home Equity [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	336
Home Equity [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	0	0
Home Equity [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	164	406
Consumer [Member]
Summary of current and past due loans [Abstract]
Total past due	93	79
Current	4,774	5,979
Total loans	4,867	6,058
Consumer [Member] | 30-59 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	87	2
Consumer [Member] | 60-89 Days Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	5	0
Consumer [Member] | 90 Days and Over Past Due [Member]
Summary of current and past due loans [Abstract]
Total past due	$ 1	$ 77

LOANS, Summary of Impaired Loan

LOANS, Summary of Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	$ 10,951	$ 12,138
Impaired loans with an allowance recorded, Unpaid Principal Balance	3,173	3,631
Impaired loans, Unpaid Principal Balance, Total	14,124	15,769
Impaired loans with no allowance recorded, Recorded Investment	10,705	11,590
Impaired loans with an allowance recorded, Recorded Investment	3,028	3,495
Impaired Loans, Recorded Investment, Total	13,733	15,085
Impaired Loans, No Allowance Allocated	0	0
Impaired Loans, Allowance Allocated	507	777
Average recorded investment in impaired loans	15,034	18,763	$ 23,930
Interest income recognized on impaired loans	637	1,601	1,289
Commercial and Industrial [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	3,588	2,869
Impaired loans with an allowance recorded, Unpaid Principal Balance	4	3
Impaired loans with no allowance recorded, Recorded Investment	3,588	2,869
Impaired loans with an allowance recorded, Recorded Investment	4	3
Impaired Loans, No Allowance Allocated	0	0
Impaired Loans, Allowance Allocated	4	0
Average recorded investment in impaired loans	3,996	3,313	6,961
Interest income recognized on impaired loans	166	533	730
Commercial Real Estate [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	3,617	4,753
Impaired loans with no allowance recorded, Recorded Investment	3,371	4,334
Impaired Loans, No Allowance Allocated	0	0
Average recorded investment in impaired loans	3,969	7,710	10,823
Interest income recognized on impaired loans	194	688	251
Real Estate Construction [Member]
Summary of impaired loans [Abstract]
Average recorded investment in impaired loans	0	0	0
Interest income recognized on impaired loans	0	0	0
Residential Mortgages [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	2,451	3,076
Impaired loans with an allowance recorded, Unpaid Principal Balance	2,659	2,870
Impaired loans with no allowance recorded, Recorded Investment	2,451	2,947
Impaired loans with an allowance recorded, Recorded Investment	2,530	2,870
Impaired Loans, No Allowance Allocated	0	0
Impaired Loans, Allowance Allocated	305	559
Average recorded investment in impaired loans	5,171	5,645	5,094
Interest income recognized on impaired loans	200	297	207
Home Equity [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	1,176	1,233
Impaired loans with an allowance recorded, Unpaid Principal Balance	419	586
Impaired loans with no allowance recorded, Recorded Investment	1,176	1,233
Impaired loans with an allowance recorded, Recorded Investment	403	450
Impaired Loans, No Allowance Allocated	0	0
Impaired Loans, Allowance Allocated	172	170
Average recorded investment in impaired loans	1,642	1,719	804
Interest income recognized on impaired loans	65	67	83
Consumer [Member]
Summary of impaired loans [Abstract]
Impaired loans with no allowance recorded, Unpaid Principal Balance	119	207
Impaired loans with an allowance recorded, Unpaid Principal Balance	91	172
Impaired loans with no allowance recorded, Recorded Investment	119	207
Impaired loans with an allowance recorded, Recorded Investment	91	172
Impaired Loans, No Allowance Allocated	0	0
Impaired Loans, Allowance Allocated	26	48
Average recorded investment in impaired loans	256	376	248
Interest income recognized on impaired loans	$ 12	$ 16	$ 18

LOANS, Summary of Non-Performin

LOANS, Summary of Non-Performing Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of non-performing assets [Abstract]
Non-accrual loans	$ 5,560	$ 5,528
Non-accrual loans held for sale	0	0
Loans 90 days or more past due and still accruing	0	0
OREO	650	0
Total non-performing assets	6,210	5,528
TDRs accruing interest	7,991	9,239
TDRs non-accruing	$ 4,348	$ 2,324

LOANS, Non-accrual Loans by Loa

LOANS, Non-accrual Loans by Loan Class (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$ 5,560	$ 5,528
Percentage of Total	100.00%	100.00%
Total loans	$ 1,676,564	$ 1,666,447
Percentage of Total Loans	0.30%	0.30%
Additional interest income for the non-accrual loans outstanding at the end of the reported periods	$ 365	$ 297	$ 953
Commercial and Industrial [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$ 3,288	$ 1,954
Percentage of Total	59.20%	35.30%
Total loans	$ 189,410	$ 189,769
Percentage of Total Loans	0.20%	0.10%
Commercial Real Estate [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$ 1,964	$ 1,733
Percentage of Total	35.30%	31.40%
Total loans	$ 731,986	$ 696,787
Percentage of Total Loans	0.10%	0.10%
Multifamily [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$ 0	$ 0
Percentage of Total	0.00%	0.00%
Total loans	$ 402,935	$ 426,549
Percentage of Total Loans	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	0.00%	0.00%
Total loans	$ 78,807	$ 78,787
Percentage of Total Loans	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	0.00%	0.00%
Total loans	$ 41,028	$ 37,233
Percentage of Total Loans	0.00%	0.00%
Residential Mortgages [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$ 143	$ 1,358
Percentage of Total	2.60%	24.60%
Total loans	$ 185,112	$ 186,313
Percentage of Total Loans	0.00%	0.10%
Home Equity [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$ 164	$ 406
Percentage of Total	2.90%	7.30%
Total loans	$ 42,419	$ 44,951
Percentage of Total Loans	0.00%	0.00%
Consumer [Member]
Summarizes non-accrual loans by loan class [Abstract]
Non-accrual Loans principal balance	$ 1	$ 77
Percentage of Total	0.00%	1.40%
Total loans	$ 4,867	$ 6,058
Percentage of Total Loans	0.00%	0.00%

LOANS, Analysis of Changes in t

LOANS, Analysis of Changes in the Allowances for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				$ 20,685				$ 19,200	$ 20,685	$ 19,200	$ 17,263
Charge-offs									(610)	(758)	(492)
Recoveries									542	1,643	1,429
(Credit) provision for loan losses	$ (400)	$ (350)	$ 0	250	$ 0	$ 350	$ 0	250	(500)	600	1,000
Balance, End of Period	20,117				20,685				20,117	20,685	19,200
Commercial and Industrial [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				1,875				1,560	1,875	1,560	2,615
Charge-offs									(416)	(744)	(420)
Recoveries									264	1,524	797
(Credit) provision for loan losses									409	(465)	(1,432)
Balance, End of Period	2,132				1,875				2,132	1,875	1,560
Commercial Real Estate [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				7,019				6,777	7,019	6,777	6,572
Charge-offs									(103)	0	0
Recoveries									210	39	519
(Credit) provision for loan losses									904	203	(314)
Balance, End of Period	8,030				7,019				8,030	7,019	6,777
Multifamily [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				4,688				4,018	4,688	4,018	2,159
Charge-offs									0	0	0
Recoveries									0	0	0
(Credit) provision for loan losses									(1,065)	670	1,859
Balance, End of Period	3,623				4,688				3,623	4,688	4,018
Mixed Use Commercial [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				766				261	766	261	54
Charge-offs									0	0	0
Recoveries									0	0	0
(Credit) provision for loan losses									(36)	505	207
Balance, End of Period	730				766				730	766	261
Real Estate Construction [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				386				383	386	383	88
Charge-offs									0	0	0
Recoveries									0	0	0
(Credit) provision for loan losses									174	3	295
Balance, End of Period	560				386				560	386	383
Residential Mortgages [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				2,476				3,027	2,476	3,027	2,463
Charge-offs									0	0	(32)
Recoveries									42	32	16
(Credit) provision for loan losses									(517)	(583)	580
Balance, End of Period	2,001				2,476				2,001	2,476	3,027
Home Equity [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				639				709	639	709	745
Charge-offs									(19)	0	0
Recoveries									13	22	50
(Credit) provision for loan losses									(118)	(92)	(86)
Balance, End of Period	515				639				515	639	709
Consumer [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				106				166	106	166	241
Charge-offs									(72)	(14)	(40)
Recoveries									13	26	47
(Credit) provision for loan losses									15	(72)	(82)
Balance, End of Period	62				106				62	106	166
Unallocated [Member]
Allowance for loan losses [Roll Forward]
Balance, Beginning of Period				$ 2,730				$ 2,299	2,730	2,299	2,326
Charge-offs									0	0	0
Recoveries									0	0	0
(Credit) provision for loan losses									(266)	431	(27)
Balance, End of Period	$ 2,464				$ 2,730				$ 2,464	$ 2,730	$ 2,299

LOANS, Loans by Internal Assign

LOANS, Loans by Internal Assigned Grade for Credit Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Threshold loan amount for annual rating review	$ 750
Credit risk profile by internally assigned grade [Abstract]
Total loans	$ 1,676,564	$ 1,666,447
Percentage of Total Loans	100.00%	100.00%
Minimum [Member]
Financing Receivable, Impaired [Line Items]
Number of consecutive years	5 years
Minimum repayment period	2 years
Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	$ 1,646,147	$ 1,645,060
Percentage of Total Loans	98.20%	98.70%
Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	$ 5,833	$ 9,197
Percentage of Total Loans	0.30%	0.60%
Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	$ 24,584	$ 12,190
Percentage of Total Loans	1.50%	0.70%
Commercial and Industrial [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	$ 189,410	$ 189,769
Commercial and Industrial [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	175,541	180,024
Commercial and Industrial [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	1,292	3,088
Commercial and Industrial [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	12,577	6,657
Commercial Real Estate [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	731,986	696,787
Commercial Real Estate [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	719,688	687,210
Commercial Real Estate [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	2,300	6,109
Commercial Real Estate [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	9,998	3,468
Multifamily [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	402,935	426,549
Multifamily [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	402,935	426,549
Multifamily [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	0	0
Multifamily [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	0	0
Mixed Use Commercial [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	78,807	78,787
Mixed Use Commercial [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	76,566	78,779
Mixed Use Commercial [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	2,241	0
Mixed Use Commercial [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	0	8
Real Estate Construction [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	41,028	37,233
Real Estate Construction [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	39,495	37,233
Real Estate Construction [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	0	0
Real Estate Construction [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	1,533	0
Residential Mortgages [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	185,112	186,313
Residential Mortgages [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	184,800	184,781
Residential Mortgages [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	0	0
Residential Mortgages [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	312	1,532
Home Equity [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	42,419	44,951
Home Equity [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	42,255	44,545
Home Equity [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	0	0
Home Equity [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	164	406
Consumer [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	4,867	6,058
Consumer [Member] | Pass [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	4,867	5,939
Consumer [Member] | Special Mention [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	0	0
Consumer [Member] | Substandard [Member]
Credit risk profile by internally assigned grade [Abstract]
Total loans	$ 0	$ 119

LOANS, Loans Modified as Troubl

LOANS, Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Loan	Dec. 31, 2015USD ($)Loan	Dec. 31, 2014USD ($)Loan
Financing Receivable, Modifications [Line Items]
Allocation of specific reserve regarding troubled debt restructuring	$ 340	$ 534
Troubled debt restructuring funds committed	$ 45	$ 45
Troubled debt restructuring at end of period [Abstract]
Number of loans | Loan	49	57
Outstanding recorded investment	$ 12,339	$ 11,563
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	5	9	25
Outstanding Recorded Balance, pre-modification	$ 3,196	$ 923	$ 8,983
Outstanding Recorded Balance, Post modification	$ 3,082	$ 928	$ 8,983
Defaulted Troubled Debt Restructurings [Member]
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	0	1	2
Outstanding Recorded Balance, pre-modification	$ 0	$ 46	$ 1,529
Commercial and Industrial [Member]
Troubled debt restructuring at end of period [Abstract]
Number of loans | Loan	13	17
Outstanding recorded investment	$ 3,586	$ 1,116
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	5	4	10
Outstanding Recorded Balance, pre-modification	$ 3,196	$ 388	$ 1,877
Outstanding Recorded Balance, Post modification	$ 3,082	$ 388	$ 1,877
Commercial Real Estate [Member]
Troubled debt restructuring at end of period [Abstract]
Number of loans | Loan	3	5
Outstanding recorded investment	$ 2,472	$ 4,131
Troubled debt restructured during year [Abstract]
Number of Loans | Loan			2
Outstanding Recorded Balance, pre-modification			$ 5,161
Outstanding Recorded Balance, Post modification			$ 5,161
Commercial Real Estate [Member] | Defaulted Troubled Debt Restructurings [Member]
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	0	0	2
Outstanding Recorded Balance, pre-modification	$ 0	$ 0	$ 1,529
Residential Mortgages [Member]
Troubled debt restructuring at end of period [Abstract]
Number of loans | Loan	22	22
Outstanding recorded investment	$ 4,716	$ 4,653
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	0	3	4
Outstanding Recorded Balance, pre-modification	$ 0	$ 300	$ 581
Outstanding Recorded Balance, Post modification	$ 0	$ 305	$ 581
Home Equity [Member]
Troubled debt restructuring at end of period [Abstract]
Number of loans | Loan	5	5
Outstanding recorded investment	$ 1,355	$ 1,362
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	0	1	5
Outstanding Recorded Balance, pre-modification	$ 0	$ 192	$ 1,219
Outstanding Recorded Balance, Post modification	$ 0	$ 192	$ 1,219
Consumer [Member]
Troubled debt restructuring at end of period [Abstract]
Number of loans | Loan	6	8
Outstanding recorded investment	$ 210	$ 301
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	0	1	4
Outstanding Recorded Balance, pre-modification	$ 0	$ 43	$ 145
Outstanding Recorded Balance, Post modification	$ 0	$ 43	$ 145
Consumer [Member] | Defaulted Troubled Debt Restructurings [Member]
Troubled debt restructured during year [Abstract]
Number of Loans | Loan	0	1	0
Outstanding Recorded Balance, pre-modification	$ 0	$ 46	$ 0

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Premises and equipment [Abstract]
Premises and equipment, gross	$ 58,897	$ 56,482
Accumulated depreciation and amortization	(34,172)	(33,242)
Balance at end of year	24,725	23,240
Depreciation and amortization	2,429	2,331	$ 2,358
Depreciation and amortization on property under capital lease	$ 243	242	$ 243
Land [Member]
Premises and equipment [Abstract]
Estimated Useful Lives	Indefinite
Premises and equipment, gross	$ 3,014	3,015
Premises [Member]
Premises and equipment [Abstract]
Premises and equipment, gross	33,413	33,341
Property under capital lease	$ 3,000	4,000
Premises [Member] | Minimum [Member]
Premises and equipment [Abstract]
Estimated Useful Lives	30 years
Premises [Member] | Maximum [Member]
Premises and equipment [Abstract]
Estimated Useful Lives	40 years
Furniture, Fixtures & Equipment [Member]
Premises and equipment [Abstract]
Premises and equipment, gross	$ 18,479	16,189
Furniture, Fixtures & Equipment [Member] | Minimum [Member]
Premises and equipment [Abstract]
Estimated Useful Lives	3 years
Furniture, Fixtures & Equipment [Member] | Maximum [Member]
Premises and equipment [Abstract]
Estimated Useful Lives	7 years
Leasehold Improvements [Member]
Premises and equipment [Abstract]
Premises and equipment, gross	$ 3,991	$ 3,937
Leasehold Improvements [Member] | Minimum [Member]
Premises and equipment [Abstract]
Estimated Useful Lives	2 years
Leasehold Improvements [Member] | Maximum [Member]
Premises and equipment [Abstract]
Estimated Useful Lives	25 years

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Contractual maturities of time deposits [Abstract]
Total	$ 196,703	$ 224,643
Time Deposits > $250,000 [Member]
Contractual maturities of time deposits [Abstract]
2,017	98,723
2,018	10,573
2,019	511
2,020	461
2021 and thereafter	2,502
Total	112,770
Other Time Deposits [Member]
Contractual maturities of time deposits [Abstract]
2,017	60,470
2,018	14,391
2,019	2,010
2,020	3,519
2021 and thereafter	3,543
Total	83,933
Time Deposits [Abstract]
Brokered deposits for regulatory purposes	$ 1,000	$ 1,000

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Assets pledged as collateral to the Federal Home Loan Bank	$ 662,000	$ 746,000
Federal Home Loan Bank borrowings	15,000	165,000
Payment of borrowings outstanding in 2017	0
Payment of borrowings outstanding in 2020	15,000
Line of credit facility	0	0
Secured Borrowings [Member]
Debt Instrument [Line Items]
Line of credit facility	10,000	10,000
Unsecured Borrowings [Member]
Debt Instrument [Line Items]
Line of credit facility	60,000	60,000
Federal Home Loan Bank Borrowings Short Term [Member]
Debt Instrument [Line Items]
Daily average outstanding	47,315	63,935
Total interest cost	$ 276	$ 252
Average interest rate paid	0.58%	0.39%
Maximum amount outstanding at any month-end	$ 160,000	$ 155,000
Ending balance	$ 0	$ 150,000
Federal Home Loan Bank Borrowings Short Term [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Weighted-average interest rate on balances outstanding	0.00%	0.52%
Federal Home Loan Bank Borrowings Long Term [Member]
Debt Instrument [Line Items]
Daily average outstanding	$ 15,000	$ 10,808
Total interest cost	$ 264	$ 190
Average interest rate paid	1.76%	1.76%
Maximum amount outstanding at any month-end	$ 15,000	$ 15,000
Ending balance	$ 15,000	$ 15,000
Federal Home Loan Bank Borrowings Long Term [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Weighted-average interest rate on balances outstanding	1.76%	1.76%
Federal Funds Purchased [Member]
Debt Instrument [Line Items]
Daily average outstanding	$ 3	$ 3
Total interest cost	$ 0	$ 0
Average interest rate paid	0.76%	0.45%
Maximum amount outstanding at any month-end	$ 0	$ 0
Ending balance	$ 0	$ 0
Federal Funds Purchased [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Weighted-average interest rate on balances outstanding	0.00%	0.00%

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shareholder discount percentage for dividend reinvestment	3.00%
Percentage of cost in which shares may be traded	100.00%
Shares issued under Dividend Reinvestment Plan (in shares)	80,499	33,566	6,671
Total cash received from option exercises	$ 201	$ 539	$ 246
Weighted-Average Grant-Date Fair Value [Abstract]
Compensation expense	$ 1,131	949	811
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	33.00%
Total intrinsic value of options exercised	$ 261	438	145
Total cash received from option exercises	$ 201	$ 539	$ 246
Shares surrendered (in shares)	11,300	39,334	18,735
Number of Shares [Roll Forward]
Balance at Beginning (in shares)	185,100	251,100	291,000
Granted (in shares)	0	0	0
Exercised (in shares)	(11,300)	(39,334)	(18,735)
Forfeited or expired (in shares)	(3,000)	(26,666)	(21,165)
Balance at Ending (in shares)	170,800	185,100	251,100
Weighted-Average Exercise Price [Roll Forward]
Balance at Beginning (in dollars per share)	$ 15.73	$ 16.33	$ 16.18
Granted (in dollars per share)	0	0	0
Exercised (in dollars per share)	17.82	13.71	13.18
Forfeited or expired (in dollars per share)	34.95	24.39	16.95
Balance at Ending (in dollars per share)	$ 15.26	$ 15.73	$ 16.33
Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable period	10 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable period	3 years
Vesting rate	33.00%
Weighted-Average Exercise Price [Roll Forward]
Fair value of restricted stock awards vested	$ 1,100	$ 585
Shares withheld to pay taxes (in shares)	10,380	4,787
Restricted Stock Awards [Roll Forward]
Outstanding at Beginning (in shares)	108,073	72,350	0
Granted (in shares)	59,371	71,612	77,000
Vested (in shares)	(48,899)	(25,948)	0
Forfeited or expired (in shares)	(4,465)	(9,941)	(4,650)
Outstanding at Ending (in shares)	114,080	108,073	72,350
Weighted-Average Grant-Date Fair Value [Abstract]
Outstanding at Beginning (in dollars per share)	$ 22.94	$ 22.51	$ 0
Granted (in dollars per share)	26.62	23.18	22.51
Vested (in dollars per share)	22.98	22.55	0
Forfeited or expired (in dollars per share)	23.43	22.61	22.51
Outstanding at Ending (in dollars per share)	$ 24.81	$ 22.94	$ 22.51
Remaining unrecognized compensation cost	$ 1,700
Remaining unrecognized compensation cost remaining vesting period	1 year 8 months 12 days
2009 Stock Incentive Plan [Member]
Weighted-Average Grant-Date Fair Value [Abstract]
Company's common stock reserved for issuance (in shares)	500,000
Common stock available for possible issuance (in shares)	118,404
1999 Stock Incentive Plan [Member]
Weighted-Average Grant-Date Fair Value [Abstract]
Company's common stock reserved for issuance (in shares)	0

STOCKHOLDERS' EQUITY, Stock Opt

STOCKHOLDERS' EQUITY, Stock Option Plans (Details)	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Contractual weighted-average lives of outstanding options at various prices [Abstract]
Shares outstanding (in shares) | shares	170,800
Weighted-average remaining contractual life, outstanding	5 years 8 months 12 days
Weighted-average exercise price, outstanding (in dollars per share)	$ 15.26
Shares exercisable (in shares) | shares	170,800
Weighted-average remaining contractual life, exercisable	5 years 8 months 12 days
Weighted-average exercise price, exercisable (in dollars per share)	$ 15.26
$10.00 - $14.00 [Member]
Contractual weighted-average lives of outstanding options at various prices [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) | shares	81,700
Weighted-average remaining contractual life, outstanding	5 years 1 month 6 days
Weighted-average exercise price, outstanding (in dollars per share)	$ 11.53
Shares exercisable (in shares) | shares	81,700
Weighted-average remaining contractual life, exercisable	5 years 1 month 6 days
Weighted-average exercise price, exercisable (in dollars per share)	$ 11.53
$14.01 - $20.00 [Member]
Contractual weighted-average lives of outstanding options at various prices [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) | shares	83,100
Weighted-average remaining contractual life, outstanding	6 years 7 months 6 days
Weighted-average exercise price, outstanding (in dollars per share)	$ 17.80
Shares exercisable (in shares) | shares	83,100
Weighted-average remaining contractual life, exercisable	6 years 7 months 6 days
Weighted-average exercise price, exercisable (in dollars per share)	$ 17.80
$20.01 - $30.00 [Member]
Contractual weighted-average lives of outstanding options at various prices [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) | shares	2,000
Weighted-average remaining contractual life, outstanding	2 years 1 month 6 days
Weighted-average exercise price, outstanding (in dollars per share)	$ 28.30
Shares exercisable (in shares) | shares	2,000
Weighted-average remaining contractual life, exercisable	2 years 1 month 6 days
Weighted-average exercise price, exercisable (in dollars per share)	$ 28.30
$30.01 - $40.00 [Member]
Contractual weighted-average lives of outstanding options at various prices [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) | shares	4,000
Weighted-average remaining contractual life, outstanding	7 months 6 days
Weighted-average exercise price, outstanding (in dollars per share)	$ 32.04
Shares exercisable (in shares) | shares	4,000
Weighted-average remaining contractual life, exercisable	7 months 6 days
Weighted-average exercise price, exercisable (in dollars per share)	$ 32.04

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current [Abstract]
Federal									$ 4,989	$ 4,178	$ 5,208
State and local									515	694	223
Total current tax									5,504	4,872	5,431
Deferred [Abstract]
Federal									2,343	1,139	(885)
State and local									28	429	(747)
Total deferred tax									2,371	1,568	(1,632)
Valuation allowance									(253)	(554)	(79)
Total	$ 1,369	$ 2,118	$ 2,159	$ 1,976	$ 1,202	$ 1,864	$ 1,579	$ 1,241	$ 7,622	$ 5,886	$ 3,720
Effective income tax rate reconciliation [Abstract]
Federal income tax expense at statutory rates									35.00%	35.00%	35.00%
Surtax exemption									(1.00%)	(1.00%)	(1.00%)
Tax-exempt income									(8.00%)	(10.00%)	(14.00%)
State and local income taxes, net of federal benefit									2.00%	2.00%	1.00%
Deferred tax asset adjustment and change in rate									0.00%	(1.00%)	(2.00%)
Other									0.00%	0.00%	1.00%
Total									28.00%	25.00%	20.00%
Deferred tax assets [Abstract]
Allowance for loan losses	8,244				8,392				$ 8,244	$ 8,392	$ 7,576
Deferred compensation	1,560				1,624				1,560	1,624	1,652
Stock-based compensation	763				640				763	640	459
Realized losses on securities reclassed from available for sale to held to maturity	49				930				49	930	1,180
Unfunded pension obligation	3,277				2,529				3,277	2,529	2,496
Alternative minimum tax credit	0				2,427				0	2,427	3,925
Net operating loss carryforward	699				614				699	614	1,169
Other	1,170				1,104				1,170	1,104	992
Total deferred tax assets	15,762				18,260				15,762	18,260	19,449
Deferred tax liabilities [Abstract]
Unrealized gains on securities available for sale	(71)				(957)				(71)	(957)	(1,724)
Other	(608)				(844)				(608)	(844)	(842)
Total deferred tax liabilities	(679)				(1,801)				(679)	(1,801)	(2,566)
Valuation allowance	(699)				(614)				(699)	(614)	(1,169)
Net deferred tax assets	14,384				15,845				14,384	15,845	15,714
Income Tax Contingency [Line Items]
Valuation allowance	699				614				699	614	1,169
Unrecognized tax benefits including interest	0				$ 0				0	$ 0	$ 34
New York State [Member]
Deferred tax liabilities [Abstract]
Valuation allowance	(699)								(699)
Income Tax Contingency [Line Items]
Net operating loss carryforwards	14,400								14,400
Valuation allowance	$ 699								$ 699
Operating loss carryforwards, expiration date									Dec. 31, 2032

EMPLOYEE BENEFITS (Details)

EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Plan's funded status and amounts recognized in the Consolidated Statements Of Condition [Abstract]
Optional required contribution for pension plan		$ 1,000	$ 1,000
Minimum required contribution for pension plan		0	0
Additional minimum required contribution for the pension plan	$ 0	0
Qualified Pension Plan [Member]
Plan's change in benefit obligation [Roll Forward]
Benefit obligation at beginning of year	47,431	49,734	41,713
Interest cost	2,185	2,099	2,158
Actuarial loss (gain)	1,895	(2,451)	7,709
Benefits paid	(2,133)	(1,951)	(1,846)
Benefit obligation at end of year	49,378	47,431	49,734
Plan's change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	41,003	43,431	41,456
Actual return on plan assets	2,919	(1,227)	2,992
Employer contribution	0	1,000	1,000
Benefits paid and actual expenses	(2,541)	(2,201)	(2,017)
Fair value of plan assets at end of year	41,381	41,003	43,431
Plan's funded status and amounts recognized in the Consolidated Statements Of Condition [Abstract]
Underfunded status	(7,997)	(6,428)
Amounts included in other liabilities	(7,997)	(6,428)
Accumulated benefit obligation	49,378	47,431
Estimated benefits to be paid during the years [Abstract]
2,017	2,322
2,018	2,413
2,019	2,502
2,020	2,540
2,021	2,656
2022-2026	14,120
Net periodic pension cost [Abstract]
Interest cost on projected benefit obligation	2,185	2,099	2,158
Expected return on plan assets	(2,497)	(2,792)	(2,548)
Amortization of net loss	299	249	25
Net periodic pension credit	(13)	(444)	(365)
Other changes in plan assets and benefit obligations recognized in other comprehensive income [Abstract]
Net actuarial loss	1,880	1,819	7,435
Amortization of net loss	(299)	(249)	(25)
Total recognized in other comprehensive income	1,581	1,570	7,410
Total recognized in net periodic pension credit and other comprehensive income	$ 1,568	$ 1,126	$ 7,045
Weighted-average discount rate for the period	4.74%	4.32%	5.33%
Expected long-term rate of return on assets	7.00%	7.00%	7.00%
Assumptions Used in Calculations [Abstract]
Discount rate	4.58%	4.74%
Rate of increase in future compensation	0.00%	0.00%
Expected net periodic pension cost [Abstract]
Interest cost on projected benefit obligation	$ 2,190
Expected return on plan assets	(2,373)
Amortization of net loss	356
Net periodic pension cost	$ 173
Weighted-average discount rate for the period	4.58%
Expected long-term rate of return on assets	7.00%
Pension plan weighted-average asset allocations	100.00%	100.00%
Qualified Pension Plan [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	$ 41,381	$ 41,003
Qualified Pension Plan [Member] | Short-term Investment Funds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	181	323
Qualified Pension Plan [Member] | U.S. Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	9,698	9,200
Qualified Pension Plan [Member] | Non U.S. Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	15,382	15,000
Qualified Pension Plan [Member] | U.S. Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	16,120	16,480
Qualified Pension Plan [Member] | Active Markets for Identical Assets Quoted Prices (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	181	323
Qualified Pension Plan [Member] | Active Markets for Identical Assets Quoted Prices (Level 1) [Member] | Short-term Investment Funds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	181	323
Qualified Pension Plan [Member] | Active Markets for Identical Assets Quoted Prices (Level 1) [Member] | U.S. Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	0	0
Qualified Pension Plan [Member] | Active Markets for Identical Assets Quoted Prices (Level 1) [Member] | Non U.S. Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	0	0
Qualified Pension Plan [Member] | Active Markets for Identical Assets Quoted Prices (Level 1) [Member] | U.S. Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	0	0
Qualified Pension Plan [Member] | Significant other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	41,200	40,680
Qualified Pension Plan [Member] | Significant other Observable Inputs (Level 2) [Member] | Short-term Investment Funds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	0	0
Qualified Pension Plan [Member] | Significant other Observable Inputs (Level 2) [Member] | U.S. Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	9,698	9,200
Qualified Pension Plan [Member] | Significant other Observable Inputs (Level 2) [Member] | Non U.S. Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	15,382	15,000
Qualified Pension Plan [Member] | Significant other Observable Inputs (Level 2) [Member] | U.S. Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value Measurements of Pension Plan Assets [Abstract]
Fair value of plan assets	$ 16,120	$ 16,480
Qualified Pension Plan [Member] | Cash [Member]
Expected net periodic pension cost [Abstract]
Pension plan weighted-average asset allocations	0.00%	1.00%
Qualified Pension Plan [Member] | Cash Equivalents [Member]
Target Allocation [Abstract]
Target Allocations, Minimum	0.00%
Target Allocations, Maximum	5.00%
Qualified Pension Plan [Member] | Equity Securities [Member]
Expected net periodic pension cost [Abstract]
Pension plan weighted-average asset allocations	61.00%	59.00%
Target Allocation [Abstract]
Target Allocations, Minimum	54.00%
Target Allocations, Maximum	64.00%
Qualified Pension Plan [Member] | Debt Securities [Member]
Expected net periodic pension cost [Abstract]
Pension plan weighted-average asset allocations	39.00%	40.00%
Qualified Pension Plan [Member] | Fixed Income Securities [Member]
Target Allocation [Abstract]
Target Allocations, Minimum	36.00%
Target Allocations, Maximum	41.00%

EMPLOYEE BENEFITS, Deferred Com

EMPLOYEE BENEFITS, Deferred Compensation (Details) - 1999 Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Participants deferred compensation	$ 47	$ 58	$ 132
Participants deferred compensation expense	$ 41	$ 79	$ 84

EMPLOYEE BENEFITS, Post-Retirem

EMPLOYEE BENEFITS, Post-Retirement Benefits Other Than Pension and 401 (k) Retirement Plan (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Post-Retirement Benefits Other Than Pension and 401 (k) Retirement Plan [Abstract]
Non recurring gain	$ 1,700,000
Minimum age of employee to participate in 401(k) retirement plan		21 years
Minimum hours worked to participate in 401K retirement plan		40 hours
Employee contribution limit for 401K Plan		$ 18,000
Percentage of employee annual gross compensation for employer matching contribution for 401(k) Plan, maximum		6.00%
Contributions under the 401(k) Plan		$ 569,000	$ 563,000	$ 515,000

COMMITMENTS AND CONTINGENT LI67

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Outstanding letter of credit, maturity [Abstract]
Average balance maintained at the FRB	$ 53,000	$ 12,000
Capital Leases [Abstract]
2,017	341
2,018	347
2,019	354
2,020	360
2,021	377
Thereafter	3,969
Total minimum lease payments	5,748
Less: amounts representing interest	1,487
Present value of minimum lease payments	4,261
Operating Leases [Abstract]
2,017	1,679
2,018	1,359
2,019	1,219
2,020	801
2,021	701
Thereafter	1,632
Total minimum lease payments	7,391
Total rental expense	1,800	1,500	$ 1,100
Standby Letters of Credit [Member]
Line of Credit Facility [Line Items]
Letters of credit	14,000	15,000
Outstanding letter of credit, maturity [Abstract]
Outstanding letter of credit expiring in 2017	13,900
Outstanding letter of credit expiring in 2018	163
Outstanding letter of credit expiring in 2019	57
Outstanding letter of credit expiring in 2025	91
Commitments to Extend Credit [Member]
Outstanding letter of credit, maturity [Abstract]
Commitment to originate loans and commitments under unused lines of credit	$ 126,000	$ 126,000

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Capital buffer of common equity tier 1 capital minimum capital requirements [Abstract]
Capital buffer of common equity tier 1 capital minimum capital requirement - 2016	0.625%
Capital buffer of common equity tier 1 capital minimum capital requirements - 2017	1.25%
Capital buffer of common equity tier 1 capital minimum capital requirements - 2018	1.875%
Capital buffer of common equity tier 1 capital minimum capital requirements - 2019 and thereafter	2.50%
Total capital to risk-weighted assets [Abstract]
Actual capital ratios, Amount	$ 242,661	$ 219,562
Minimum for capital adequacy, Amount	132,592	138,716
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	$ 165,740	$ 173,395
Total capital to risk-weighted assets Ratios [Abstract]
Actual capital ratios, Ratio	14.64%	12.66%
Minimum for capital adequacy, Ratio	8.00%	8.00%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio	10.00%	10.00%
Tier 1 capital to risk-weighted assets [Abstract]
Actual capital ratios, Amount	$ 222,304	$ 198,587
Minimum for capital adequacy, Amount	99,444	104,037
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	$ 132,592	$ 138,716
Tier 1 Capital to risk-weighted assets Ratio [Abstract]
Actual capital ratios, ratio	13.41%	11.45%
Minimum for capital adequacy, Ratio	6.00%	6.00%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio	8.00%	8.00%
Common equity tier 1 capital to risk-weighted assets [Abstract]
Actual capital ratios, Amount	$ 222,304	$ 198,587
Minimum for capital adequacy, Amount	74,583	78,028
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	$ 107,731	$ 112,706
Common equity tier 1 capital to risk-weighted assets, Ratio [Abstract]
Actual capital ratios, Ratio	13.41%	11.45%
Minimum for capital adequacy, Ratio	4.50%	4.50%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio	6.50%	6.50%
Tier 1 capital to adjusted average assets (leverage) [Abstract]
Actual capital ratios, Amount	$ 222,304	$ 198,587
Minimum for capital adequacy, Amount	86,767	82,905
Minimum to be Well Capitalized under prompt corrective action provisions, Amount	$ 108,459	$ 103,632
Tier 1 capital to adjusted average assets (leverage) Ratios [Abstract]
Actual capital ratios, Ratio	10.25%	9.58%
Minimum for capital adequacy, Ratio	4.00%	4.00%
Minimum to be Well Capitalized under prompt corrective action provisions, Ratio	5.00%	5.00%
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital ratio	10.25%	9.58%
Tier 1 risk-based capital ratio	13.41%	11.45%
Common equity tier 1 risk-based capital ratio	13.41%	11.45%
Total risk-based capital ratio	14.64%	12.66%
Amount available for dividends	$ 47,300
Parent Company [Member]
Total capital to risk-weighted assets Ratios [Abstract]
Actual capital ratios, Ratio	14.72%	12.89%
Tier 1 Capital to risk-weighted assets Ratio [Abstract]
Actual capital ratios, ratio	13.50%	11.68%
Common equity tier 1 capital to risk-weighted assets, Ratio [Abstract]
Actual capital ratios, Ratio	13.50%	11.68%
Tier 1 capital to adjusted average assets (leverage) Ratios [Abstract]
Actual capital ratios, Ratio	10.31%	9.77%
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital ratio	10.31%	9.77%
Tier 1 risk-based capital ratio	13.50%	11.68%
Common equity tier 1 risk-based capital ratio	13.50%	11.68%
Total risk-based capital ratio	14.72%	12.89%

CONCENTRATIONS (Details)

CONCENTRATIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Concentration Risk [Line Items]
Total loans	$ 1,676,564	$ 1,666,447
Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	80.20%
Investment Securities [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	100.00%
Total investment securities	$ 198,022
Investment Securities [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	9.40%
Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 1,676,564
Concentration risk, percentage (in hundredths)	100.00%
Commercial and Industrial [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	9.10%
Commercial and Industrial [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 189,410
Concentration risk, percentage (in hundredths)	11.30%
Commercial Real Estate [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	35.00%
Commercial Real Estate [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 731,986
Concentration risk, percentage (in hundredths)	43.70%
Multifamily [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	19.30%
Multifamily [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 402,935
Concentration risk, percentage (in hundredths)	24.00%
Mixed Use Commercial [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	3.80%
Mixed Use Commercial [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 78,807
Concentration risk, percentage (in hundredths)	4.70%
Real Estate Construction [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	2.00%
Real Estate Construction [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 41,028
Concentration risk, percentage (in hundredths)	2.40%
Residential Mortgages [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	8.80%
Residential Mortgages [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 185,112
Concentration risk, percentage (in hundredths)	11.10%
Home Equity [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	2.00%
Home Equity [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 42,419
Concentration risk, percentage (in hundredths)	2.50%
Consumer [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	0.20%
Consumer [Member] | Loans [Member]
Concentration Risk [Line Items]
Total loans	$ 4,867
Concentration risk, percentage (in hundredths)	0.30%
US Government Agency Securities [Member] | Investment Securities [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	1.20%
Total investment securities	$ 2,380
US Government Agency Securities [Member] | Investment Securities [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	0.10%
Corporate Bonds [Member] | Investment Securities [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	7.40%
Total investment securities	$ 14,535
Corporate Bonds [Member] | Investment Securities [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	0.70%
Collateralized Mortgage Obligations [Member] | Investment Securities [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	8.80%
Total investment securities	$ 17,452
Collateralized Mortgage Obligations [Member] | Investment Securities [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	0.80%
Mortgage-backed Securities [Member] | Investment Securities [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	44.40%
Total investment securities	$ 87,961
Mortgage-backed Securities [Member] | Investment Securities [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	4.20%
Obligations of States and Political Subdivisions [Member] | Investment Securities [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	38.20%
Total investment securities	$ 75,694
Obligations of States and Political Subdivisions [Member] | Investment Securities [Member] | Assets [Member]
Concentration Risk [Line Items]
Concentration risk, percentage (in hundredths)	3.60%

FAIR VALUE, Balance Sheets Grou

FAIR VALUE, Balance Sheets Grouping (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Financial Assets [Abstract]
Investment securities held to maturity		$ 19,259	$ 63,272
Investment securities available for sale		179,242	247,099
Financial Liabilities [Abstract]
Borrowings		$ 15,000	165,000
Percentage of derivative in net sale proceeds		10.00%
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and due from banks	[1]	$ 124,854	98,086
Federal Reserve and Federal Home Loan Bank stock and other investments	[2]	4,524	10,756
Investment securities held to maturity	[2]	18,780	61,309
Investment securities available for sale	[2]	179,242	247,099
Loans held for sale	[2]	0	1,666
Loans, net of allowance	[2],[3],[4]	1,656,447	1,645,762
Accrued interest and loan fees receivable	[2]	5,742	5,859
Financial Liabilities [Abstract]
Non-maturity deposits	[2]	1,641,479	1,555,980
Time deposits	[2]	196,703	224,643
Borrowings	[2]	15,000	165,000
Accrued interest payable	[2]	128	198
Derivatives	[4]	752	752
Estimated Fair Value [Member]
Financial Assets [Abstract]
Cash and due from banks	[1]	124,854	98,086
Federal Reserve and Federal Home Loan Bank stock and other investments	[2]	4,524	10,756
Investment securities held to maturity	[2]	19,259	63,272
Investment securities available for sale	[2]	179,242	247,099
Loans held for sale	[2]	0	1,666
Loans, net of allowance	[2],[3],[4]	1,623,380	1,628,169
Accrued interest and loan fees receivable	[2]	5,742	5,859
Financial Liabilities [Abstract]
Non-maturity deposits	[2]	1,641,479	1,555,980
Time deposits	[2]	196,080	224,408
Borrowings	[2]	14,898	164,827
Accrued interest payable	[2]	128	198
Derivatives	[4]	$ 752	$ 752
[1]	Level 1
[2]	Level 2
[3]	Impaired loans are generally classified within Level 3 of the fair value hierarchy.
[4]	Level 3

FAIR VALUE, Non-recurring Basis

FAIR VALUE, Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets measured at fair value on a non-recurring basis [Abstract]
Impaired loans	$ 2,521	$ 2,715
OREO	650
Total	3,171	2,715
Significant Unobservable Inputs (Level 3) [Member]
Assets measured at fair value on a non-recurring basis [Abstract]
Impaired loans	2,521	2,715
OREO	650
Total	$ 3,171	$ 2,715

FAIR VALUE, Non-recurring Bas72

FAIR VALUE, Non-recurring Basis, Quantitative Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Total		$ 2,521	$ 2,715
Third Party Appraisal [Member] | Residential Mortgages [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Estimated selling costs		9.00%
Third Party Appraisal [Member] | Residential Mortgages [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Estimated selling costs		15.00%
Third Party Appraisal [Member] | Home Equity [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Estimated selling costs		9.00%
Third Party Appraisal [Member] | Home Equity [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Estimated selling costs		15.00%
Third Party Appraisal [Member] | Consumer [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Estimated selling costs		10.00%
Third Party Appraisal [Member] | Consumer [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Estimated selling costs		12.00%
Third Party Appraisal [Member] | Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
OREO		$ 650	0
Discount to appraised value		11.00%
Third Party Appraisal [Member] | Level 3 [Member] | Residential Mortgages [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Total		$ 2,225	2,311
Discount to appraised value	[1]	25.00%
Third Party Appraisal [Member] | Level 3 [Member] | Home Equity [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Total		$ 231	280
Discount to appraised value	[1]	25.00%
Third Party Appraisal [Member] | Level 3 [Member] | Consumer [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Total		$ 65	$ 124
Discount to appraised value	[2]	25.00%
[1]	Of which estimated selling costs are approximately 9% - 15% of the total discount.
[2]	Of which estimated selling costs are approximately 10% - 12% of the total discount.

FAIR VALUE, Recurring Basis (De

FAIR VALUE, Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets [Abstract]
Total securities available for sale	$ 179,242	$ 247,099
Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
U.S. Government agency securities		28,516
Obligations of states and political subdivisions	65,294	104,682
Collateralized mortgage obligations	17,452	15,549
Mortgage-backed securities	87,961	92,442
Corporate bonds	8,535	5,910
Total securities available for sale	179,242	247,099
Liabilities [Abstract]
Derivatives	752	752
Total	752	752
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
U.S. Government agency securities		28,516
Obligations of states and political subdivisions	65,294	104,682
Collateralized mortgage obligations	17,452	15,549
Mortgage-backed securities	87,961	92,442
Corporate bonds	8,535	5,910
Total securities available for sale	179,242	247,099
Liabilities [Abstract]
Derivatives	0	0
Total	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
U.S. Government agency securities		0
Obligations of states and political subdivisions	0	0
Collateralized mortgage obligations	0	0
Mortgage-backed securities	0	0
Corporate bonds	0	0
Total securities available for sale	0	0
Liabilities [Abstract]
Derivatives	752	752
Total	$ 752	$ 752

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 ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) [Roll Forward]
Beginning balance	$ 752	$ 752	$ 932
Net change	0	0	(180)
Ending balance	$ 752	$ 752	$ 752

SUFFOLK BANCORP (PARENT COMPA75

SUFFOLK BANCORP (PARENT COMPANY ONLY) CONDENSED FINANCIAL STATEMENTS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets [Abstract]
Other assets	$ 6,465				$ 3,723				$ 6,465	$ 3,723
TOTAL ASSETS	2,092,291				2,168,592				2,092,291	2,168,592
Liabilities and Stockholders' Equity [Abstract]
Other liabilities	11,823				14,888				11,823	14,888
Stockholders' Equity	215,028				197,258				215,028	197,258	$ 182,733
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,092,291				2,168,592				2,092,291	2,168,592
Expense [Abstract]
Other expense									6,660	6,390	5,733
Income before income tax expense									27,453	23,573	19,015
NET INCOME	3,733	$ 5,475	$ 5,785	$ 4,838	3,637	$ 4,923	$ 5,118	$ 4,009	19,831	17,687	15,295
Total Comprehensive Income									18,888	15,954	15,741
Cash Flows From Operating Activities [Abstract]
Net income	3,733	$ 5,475	$ 5,785	4,838	3,637	$ 4,923	$ 5,118	4,009	19,831	17,687	15,295
Stock-based compensation									1,131	949	811
Increase in other assets									2,743	(651)	366
Net cash provided by operating activities									19,822	19,610	11,426
Cash Flows From Investing Activities [Abstract]
Net cash provided by (used in) investing activities									101,770	(234,109)	(263,143)
Cash Flows From Financing Activities [Abstract]
Dividend reinvestment and stock option exercises									201	539	246
Net cash (used in) provided by financing activities									(94,824)	257,069	174,881
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS									26,768	42,570	(76,836)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD				98,086				55,516	98,086	55,516	132,352
CASH AND CASH EQUIVALENTS, END OF PERIOD	124,854				98,086				124,854	98,086	55,516
Parent Company [Member]
Assets [Abstract]
Due from banks	89				2,988				89	2,988	1,322
Investment in the Bank	213,599				193,252				213,599	193,252	180,926
Other assets	1,340				1,018				1,340	1,018	674
TOTAL ASSETS	215,028				197,258				215,028	197,258	182,922
Liabilities and Stockholders' Equity [Abstract]
Other liabilities	0				0				0	0	189
Stockholders' Equity	215,028				197,258				215,028	197,258	182,733
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	215,028				197,258				215,028	197,258	182,922
Income [Abstract]
Dividends from the Bank									1,182	3,763	1,399
Other income									0	0	176
Expense [Abstract]
Other expense									41	92	837
Income before income tax expense									1,141	3,671	738
Equity in undistributed earnings of the Bank									18,690	14,016	14,557
NET INCOME									19,831	17,687	15,295
Total Comprehensive Income									18,888	15,954	15,741
Cash Flows From Operating Activities [Abstract]
Net income									19,831	17,687	15,295
Less: equity in undistributed earnings of the Bank									(18,690)	(14,016)	(14,557)
Stock-based compensation									1,131	949	811
Disqualifying dispositions on stock option exercises									0	(43)	0
Increase in other assets									(322)	(344)	(4)
(Decrease) increase in other liabilities									0	(189)	189
Net cash provided by operating activities									1,950	4,044	1,734
Cash Flows From Investing Activities [Abstract]
Advances to the Bank									(2,600)	0	0
Net cash provided by (used in) investing activities									(2,600)	0	0
Cash Flows From Financing Activities [Abstract]
Dividend reinvestment and stock option exercises									2,502	1,385	382
Dividends paid									(4,751)	(3,763)	(1,399)
Net cash (used in) provided by financing activities									(2,249)	(2,378)	(1,017)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS									(2,899)	1,666	717
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD				$ 2,988				$ 1,322	2,988	1,322	605
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 89				$ 2,988				$ 89	$ 2,988	$ 1,322

SELECTED QUARTERLY FINANCIAL 76

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]
Interest income	$ 18,934		$ 19,324		$ 20,034		$ 19,427		$ 18,805		$ 18,206		$ 18,576		$ 17,193		$ 77,719	$ 72,780	$ 65,053
Interest expense	878		936		1,012		1,103		988		828		755		676		3,929	3,247	2,519
Net interest income	18,056		18,388		19,022		18,324		17,817		17,378		17,821		16,517		73,790	69,533	62,534
(Credit) provision for loan losses	(400)		(350)		0		250		0		350		0		250		(500)	600	1,000
Net interest income after (credit) provision for loan losses	18,456		18,738		19,022		18,074		17,817		17,028		17,821		16,267		74,290	68,933	61,534
Non-interest income	2,028		2,322		2,241		1,892		2,026		2,427		2,050		2,091		8,483	8,594	10,900
Operating expenses	15,382	[1]	13,467	[1]	13,319	[1]	13,152	[1]	15,004	[1]	12,668	[1]	13,174	[1]	13,108	[1]	55,320	53,954	53,419
Income tax expense	1,369		2,118		2,159		1,976		1,202		1,864		1,579		1,241		7,622	5,886	3,720
NET INCOME	$ 3,733		$ 5,475		$ 5,785		$ 4,838		$ 3,637		$ 4,923		$ 5,118		$ 4,009		$ 19,831	$ 17,687	$ 15,295
Net income per common share - basic (in dollars per share)	$ 0.31		$ 0.46		$ 0.49		$ 0.41		$ 0.31		$ 0.42		$ 0.44		$ 0.34		$ 1.67	$ 1.50	$ 1.32
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share)	0.31		0.46		0.48		0.41		0.31		0.42		0.43		0.34		$ 1.66	$ 1.49	$ 1.31
Cash dividends per common share (in dollars per share)	$ 0.10		$ 0.10		$ 0.10		$ 0.10		$ 0.10		$ 0.10		$ 0.06		$ 0.06
Merger costs	$ 1,800																$ 2,434	$ 0	$ 0
System conversion expense									$ 1,400
[1]	4th quarter 2016 amount included $1.8 million in merger costs; 4th quarter 2015 amount included $1.4 million in systems conversion expense.

LEGAL PROCEEDINGS (Details)

LEGAL PROCEEDINGS (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Maximum [Member]
Loss Contingencies [Line Items]
Attorneys fees and expenses	$ 300,000