Dime Community Bancshares (DCOM) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	BRIDGE BANCORP, INC.
Entity Central Index Key	0000846617
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		19,835,373
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 87,004	$ 142,145
Interest-bearing deposits with banks	44,214	153,223
Total cash and cash equivalents	131,218	295,368
Securities available for sale, at fair value	610,706	680,886
Securities held to maturity (fair value of $141,503 and $156,792, respectively)	139,729	160,163
Total securities	750,435	841,049
Securities, restricted	28,469	24,028
Loans held for sale	12,643
Loans held for investment	3,508,332	3,275,811
Allowance for loan losses	(32,173)	(31,418)
Loans, net	3,476,159	3,244,393
Premises and equipment, net	33,544	35,008
Operating lease right-of-use assets	36,356
Accrued interest receivable	11,697	11,236
Goodwill	105,950	105,950
Other intangible assets	3,890	4,374
Prepaid pension	10,593	10,263
Bank owned life insurance	91,382	89,712
Other real estate owned	0	175
Other assets	43,685	39,188
Total assets	4,736,021	4,700,744
Liabilities
Demand deposits	1,424,839	1,448,605
Savings, NOW and money market deposits	2,048,667	2,108,297
Certificates of deposit of $100,000 or more	209,497	207,087
Other time deposits	60,280	122,404
Total deposits	3,743,283	3,886,393
Repurchase agreements	956	539
Federal Home Loan Bank ("FHLB") advances	337,000	240,433
Subordinated debentures, net	78,885	78,781
Operating lease liabilities	39,064
Other liabilities and accrued expenses	50,430	40,768
Total liabilities	4,249,618	4,246,914
Commitments and contingencies
Stockholders' equity
Preferred stock, par value $.01 per share (2,000,000 shares authorized; none issued)
Common stock, par value $.01 per share (40,000,000 shares authorized; 19,888,307 and 19,815,680 shares issued, respectively; and 19,829,830 and 19,790,884 shares outstanding, respectively)	199	198
Surplus	355,086	352,093
Retained earnings	141,103	117,432
Treasury stock at cost, 58,477 and 24,796 shares, respectively	(1,757)	(781)
Total stockholders' equity before accumulated other comprehensive income (loss)	494,631	468,942
Accumulated other comprehensive loss, net of income taxes	(8,228)	(15,112)
Total stockholders' equity	486,403	453,830
Total liabilities and stockholders' equity	$ 4,736,021	$ 4,700,744

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Consolidated Balance Sheets
Securities held to maturity, fair value (in dollars)	$ 141,503	$ 156,792
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	19,888,307	19,815,680
Common stock, shares outstanding	19,829,830	19,790,884
Treasury Stock, shares	58,477	24,796

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest income:
Loans (including fee income)	$ 41,005	$ 36,197	$ 118,495	$ 107,580
Mortgage-backed securities, CMOs and other asset-backed securities	3,775	4,370	13,007	11,919
U.S. GSE securities	56	158	414	680
State and municipal obligations	507	614	1,711	2,173
Corporate bonds	296	356	951	1,069
Deposits with banks	342	437	1,485	633
Other interest and dividend income	373	457	1,158	1,450
Total interest income	46,354	42,589	137,221	125,504
Interest expense:
Savings, NOW and money market deposits	5,816	4,584	19,182	10,536
Certificates of deposit of $100,000 or more	1,139	927	3,201	2,026
Other time deposits	300	536	1,150	1,224
Federal funds purchased and repurchase agreements	70	13	273	1,185
FHLB advances	1,179	1,181	3,455	4,447
Subordinated debentures	1,135	1,134	3,405	3,404
Total interest expense	9,639	8,375	30,666	22,822
Net interest income	36,715	34,214	106,555	102,682
Provision for loan losses	1,000	200	5,100	1,400
Net interest income after provision for loan losses	35,715	34,014	101,455	101,282
Non-interest income:
Service charges and other fees	2,588	2,549	7,572	7,274
Net securities gains (losses)			201	(7,921)
Title fees	508	384	1,149	1,339
Gain on sale of Small Business Administration ("SBA") loans	601	524	1,662	1,586
Bank owned life insurance	561	557	1,670	1,658
Loan swap fees	1,557	404	3,200	713
Other	429	500	1,507	1,804
Total non-interest income	6,244	4,918	16,961	6,453
Non-interest expense:
Salaries and employee benefits	14,294	12,134	41,233	38,001
Occupancy and equipment	3,490	3,325	10,581	9,773
Technology and communications	2,129	1,596	5,787	4,807
Marketing and advertising	1,282	1,274	3,729	3,476
Professional services	1,055	1,023	2,615	3,116
FDIC assessments	18	386	652	1,286
Net fraud loss		9,500		9,500
Amortization of other intangible assets	182	215	605	703
Other	1,754	1,551	5,605	5,447
Total non-interest expense	24,204	31,004	70,807	76,109
Income before income taxes	17,755	7,928	47,609	31,626
Income tax expense	3,852	1,381	10,126	6,263
Net income	$ 13,903	$ 6,547	$ 37,483	$ 25,363
Basic earnings per share (in dollars per share)	$ 0.70	$ 0.33	$ 1.88	$ 1.28
Diluted earnings per share (in dollars per share)	$ 0.70	$ 0.33	$ 1.88	$ 1.28

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Comprehensive Income (unaudited)
Net income	$ 13,903	$ 6,547	$ 37,483	$ 25,363
Other comprehensive income (loss):
Change in unrealized net gains (losses) on securities available for sale, net of reclassifications and deferred income taxes	1,578	(3,063)	11,367	(6,535)
Adjustment to pension liability, net of reclassifications and deferred income taxes	91	67	272	202
Unrealized (losses) gains on cash flow hedges, net of reclassifications and deferred income taxes	(700)	149	(4,755)	2,679
Total other comprehensive income (loss)	969	(2,847)	6,884	(3,654)
Comprehensive income	$ 14,872	$ 3,700	$ 44,367	$ 21,709

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Common Stock	Surplus	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2017	$ 197	$ 347,691	$ 96,547	$ (296)	$ (14,939)	$ 429,200
Increase (Decrease) in Stockholders' Equity
Net income			25,363			25,363
Shares issued under the dividend reinvestment plan		705				705
Stock awards granted and distributed	1	(529)		528
Stock awards forfeited		183		(183)
Repurchase of surrendered stock from vesting of stock plans				(569)		(569)
Share based compensation expense		2,689				2,689
Cash dividend declared			(13,749)			(13,749)
Other comprehensive loss, net of deferred income taxes					(3,654)	(3,654)
Balance at Sep. 30, 2018	198	350,739	108,161	(520)	(18,593)	439,985
Balance at Jun. 30, 2018	198	349,538	106,206	(441)	(15,746)	439,755
Increase (Decrease) in Stockholders' Equity
Net income			6,547			6,547
Shares issued under the dividend reinvestment plan		237				237
Stock awards granted and distributed		(6)		6
Stock awards forfeited		68		(68)
Repurchase of surrendered stock from vesting of stock plans				(17)		(17)
Share based compensation expense		902				902
Cash dividend declared			(4,592)			(4,592)
Other comprehensive loss, net of deferred income taxes					(2,847)	(2,847)
Balance at Sep. 30, 2018	198	350,739	108,161	(520)	(18,593)	439,985
Balance at Dec. 31, 2018	198	352,093	117,432	(781)	(15,112)	453,830
Increase (Decrease) in Stockholders' Equity
Net income			37,483			37,483
Shares issued under the dividend reinvestment plan		643				643
Shares issued under the Employee Stock Purchase Plan		122				122
Purchase of treasury stock				(625)		(625)
Stock awards granted and distributed	1	(988)		987
Stock awards forfeited		479		(479)
Repurchase of surrendered stock from vesting of stock plans		(18)		(859)		(877)
Share based compensation expense		2,755				2,755
Cash dividend declared			(13,812)			(13,812)
Other comprehensive loss, net of deferred income taxes					6,884	6,884
Balance at Sep. 30, 2019	199	355,086	141,103	(1,757)	(8,228)	486,403
Balance at Jun. 30, 2019	199	353,729	131,811	(1,337)	(9,197)	475,205
Increase (Decrease) in Stockholders' Equity
Net income			13,903			13,903
Shares issued under the dividend reinvestment plan		224				224
Shares issued under the Employee Stock Purchase Plan		122				122
Purchase of treasury stock				(304)		(304)
Stock awards granted and distributed		(33)		33
Stock awards forfeited		137		(137)
Repurchase of surrendered stock from vesting of stock plans				(12)		(12)
Share based compensation expense		907				907
Cash dividend declared			(4,611)			(4,611)
Other comprehensive loss, net of deferred income taxes					969	969
Balance at Sep. 30, 2019	$ 199	$ 355,086	$ 141,103	$ (1,757)	$ (8,228)	$ 486,403

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parentheticals) (unaudited) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Stockholders Equity (unaudited)
Cash dividend declared (in dollars per share)	$ 0.23	$ 0.23	$ 0.69	$ 0.69

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 37,483	$ 25,363
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	5,100	1,400
Depreciation and amortization of premises and equipment	3,148	2,871
Net (accretion) and other amortization	(1,044)	(1,803)
Net amortization on securities	2,716	3,278
Increase in cash surrender value of bank owned life insurance	(1,670)	(1,658)
Amortization of intangible assets	605	703
Share based compensation expense	2,755	2,689
Net securities (gains) losses	(201)	7,921
Increase in accrued interest receivable	(461)	(141)
SBA loans originated for sale	(23,012)	(22,126)
Proceeds from sale of the guaranteed portion of SBA loans	25,108	22,453
Gain on sale of the guaranteed portion of SBA loans	(1,662)	(1,586)
Gain on sale of loans		(411)
Decrease (increase) in other assets	3,149	(3,816)
(Decrease) increase in accrued expenses and other liabilities	(4,551)	5,581
Net cash provided by operating activities	47,463	40,718
Cash flows from investing activities:
Purchases of securities available for sale	(64,373)	(224,600)
Purchases of securities, restricted	(63,771)	(493,347)
Purchases of securities held to maturity		(1,000)
Proceeds from sales of securities available for sale	46,478	230,372
Redemption of securities, restricted	59,330	503,534
Maturities, calls and principal payments of securities available for sale	102,141	72,535
Maturities, calls and principal payments of securities held to maturity	19,900	16,760
Net increase in loans	(249,274)	(134,808)
Proceeds from loan sale		40,133
Proceeds from sales of other real estate owned ("OREO"), net	297
Purchase of premises and equipment	(1,684)	(5,259)
Net cash (used in) provided by investing activities	(150,956)	4,320
Cash flows from financing activities:
Net (decrease) increase in deposits	(143,093)	284,631
Net decrease in federal funds purchased		(50,000)
Net increase (decrease) in FHLB advances	96,568	(235,641)
Net increase (decrease) in repurchase agreements	417	(61)
Net proceeds from issuance of common stock	765	705
Purchase of treasury stock	(625)
Repurchase of surrendered stock from vesting of stock plans	(877)	(569)
Cash dividends paid	(13,812)	(13,749)
Net cash used in financing activities	(60,657)	(14,684)
Net (decrease) increase in cash and cash equivalents	(164,150)	30,354
Cash and cash equivalents at beginning of period	295,368	94,747
Cash and cash equivalents at end of period	131,218	125,101
Cash paid for:
Interest	31,805	23,902
Income taxes	5,783	2,474
Non-cash investing and financing activities:
Transfers from portfolio loans to loans held for sale	$ 12,643
Transfers from portfolio loans to other real estate owned		$ 175

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION.
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Bridge Bancorp, Inc. (the “Holding Company”), is a bank holding company incorporated under the laws of the State of New York. The Holding Company’s business consists of the operations of its wholly-owned subsidiary, BNB Bank (the “Bank”). The Bank’s operations include its real estate investment trust subsidiary, Bridgehampton Community, Inc.; a financial title insurance subsidiary, Bridge Abstract LLC (“Bridge Abstract”); and an investment services subsidiary, Bridge Financial Services, Inc. (“Bridge Financial Services”). The unaudited consolidated financial statements presented in this Quarterly Report on Form 10-Q include the collective results of the Holding Company and its wholly-owned subsidiary, the Bank, which are collectively herein referred to as “we”, “us”, “our” and the “Company.” The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10‑Q and Article 10 of Regulation S-X. The unaudited consolidated financial statements included herein reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Such estimates are subject to change in the future as additional information becomes available or previously existing circumstances are modified. Actual future results could differ significantly from those estimates. The annualized results of operations for the nine months ended September 30, 2019 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain reclassifications have been made to prior year amounts, and the related discussion and analysis, to conform to the current year presentation. These reclassifications did not have an impact on net income or total stockholders' equity. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10‑K for the year ended December 31, 2018.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2019
EARNINGS PER SHARE.
EARNINGS PER SHARE	2. EARNINGS PER SHARE Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 260‑10‑45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards (“RSAs”) and certain restricted stock units (“RSUs”) granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities. The following table presents the computation of EPS for the three and nine months ended September 30, 2019 and 2018: Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share data) 2019 2018 2019 2018 Net income $ 13,903 $ 6,547 $ 37,483 $ 25,363 Dividends paid on and earnings allocated to participating securities (294) (145) (797) (550) Income attributable to common stock $ 13,609 $ 6,402 $ 36,686 $ 24,813 Weighted average common shares outstanding, including participating securities 19,958 19,890 19,950 19,869 Weighted average participating securities (422) (438) (425) (435) Weighted average common shares outstanding 19,536 19,452 19,525 19,434 Basic earnings per common share $ 0.70 $ 0.33 $ 1.88 $ 1.28 Income attributable to common stock $ 13,609 $ 6,402 $ 36,686 $ 24,813 Weighted average common shares outstanding 19,536 19,452 19,525 19,434 Incremental shares from assumed conversions of options and restricted stock units 32 33 27 27 Weighted average common and equivalent shares outstanding 19,568 19,485 19,552 19,461 Diluted earnings per common share $ 0.70 $ 0.33 $ $ 1.28 There were 110,660 stock options outstanding at September 30, 2019 that were not included in the computation of diluted earnings per share for the three and nine months ended September 30, 2019 because the options' exercise prices were greater than the average market price of common stock and were, therefore, antidilutive. There were 47,393 stock options outstanding at September 30, 2018 that were not included in the computation of diluted earnings per share for the three and nine months ended September 30, 2018 because the options' exercise prices were greater than the average market price of common stock and were, therefore, antidilutive. There were zero RSUs that were antidilutive for the three months ended September 30, 2019 and 2018, respectively. There were 9, 190 and 21,980 RSUs that were antidilutive for the nine months ended September 30, 2019 and 2018, respectively.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	9 Months Ended
	Sep. 30, 2019
STOCK-BASED COMPENSATION PLANS.
STOCK-BASED COMPENSATION PLANS	3. STOCK-BASED COMPENSATION PLANS In May 2019, the Company’s shareholders approved the Bridge Bancorp, Inc. 2019 Equity Incentive Plan (the “2019 Equity Incentive Plan”), which provides for the grant of stock-based and other incentive awards to officers, employees and directors of the Company. The 2019 Equity Incentive Plan superseded the Bridge Bancorp, Inc. 2012 Stock-Based Incentive Plan (the “2012 Equity Incentive Plan”). The 2012 Equity Incentive Plan superseded the 2006 Stock-Based Incentive Plan. The maximum number of shares of stock, in the aggregate, that may be granted under the 2019 Equity Incentive Plan as stock options, restricted stock, or restricted stock units is 370,000 plus the number of shares of stock which have been reserved but not issued under the 2012 Equity Incentive Plan, and any awards that are forfeited under the 2012 Equity Incentive Plan after the effective date of the 2019 Equity Incentive Plan. No further grants will be made under the 2012 Equity Incentive Plan. Currently outstanding grants under the 2012 Equity Incentive Plan will not be affected. The number of shares of common stock of Bridge Bancorp, Inc. available for stock-based awards under the 2019 Equity Incentive Plan is 370,000 plus 162,738 shares that were remaining under the 2012 Equity Incentive Plan. At September 30, 2019, 525,336 shares remain available for issuance, including shares that may be granted in the form of stock options, RSAs, or RSUs. The Compensation Committee of the Board of Directors determines awards under the 2019 Equity Incentive Plan. The Company accounts for the 2019 Equity Incentive Plan under FASB ASC No. 718. Stock Options Stock options may be either incentive stock options, which bestow certain tax benefits on the optionee, or non-qualified stock options, not qualifying for such benefits. All options have an exercise price that is not less than the market value of the Company's common stock on the date of the grant. The fair value of each option granted is estimated on the date of the grant using the Black-Scholes option-pricing model. The intrinsic value for stock options is calculated based on the exercise price of the underlying awards and the market price of the Company's common stock as of the exercise or reporting date. During the nine months ended September 30, 2019 and 2018, in accordance with the Long Term Incentive Plan (“LTI Plan”) for Named Executive Officers (“NEOs”), the Company granted 63,267 and 47,393 stock options, respectively, with an exercise price set to equal a 10.0% premium over the grant date stock price. All of the stock options granted vest ratably over three years. The estimated weighted-average grant-date fair value of all stock options granted in the nine months ended September 30, 2019 and 2018 was $5.05 and $6.52 per stock option, respectively, using the Black-Scholes option-pricing model with assumptions as follows: Nine Months Ended September 30, 2019 2018 Dividend yield 2.86 % 2.80 % Expected volatility 23.80 27.53 Risk-free interest rate 2.52 2.67 Expected option life 6.0 years 6.5 years Compensation expense attributable to stock options was $53 thousand and $144 thousand for the three and nine months ended September 30, 2019, respectively. Compensation expense attributable to stock options was $26 thousand and $65 thousand for the three and nine months ended September 30, 2018, respectively. As of September 30, 2019, there was $394 thousand of total unrecognized compensation cost related to unvested stock options. The cost is expected to be recognized over a weighted-average period of 2.0 years. The following table summarizes the status of the Company's stock options as of and for the nine months ended September 30, 2019: Weighted Weighted Average Number Average Remaining Aggregate of Exercise Contractual Intrinsic (Dollars in thousands, except per share amounts) Options Price Life Value Outstanding, January 1, 2019 47,393 $ 36.19 Granted 63,267 35.35 Outstanding, September 30, 2019 110,660 35.71 8.9 years $ — Vested and Exercisable, September 30, 2019 15,795 36.19 8.4 years — Number of Exercise Range of Exercise Prices Options Price $35.35 63,267 $ 35.35 36.19 47,393 36.19 110,660 Restricted Stock Awards The Company's RSAs are shares of the Company's common stock that are forfeitable and are subject to restrictions on transfer prior to the vesting date. RSAs are forfeited if the award holder departs the Company before vesting. RSAs carry dividend and voting rights from the date of grant. The vesting of time-vested RSAs depends upon the award holder continuing to render services to the Company. The Company's performance-based RSAs vest subject to the achievement of the Company's corporate goals. The following table summarizes the unvested RSA activity for the nine months ended September 30, 2019: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2019 324,882 $ 29.13 Granted 78,952 31.92 Vested (89,920) 27.17 Forfeited (17,020) 30.70 Unvested, September 30, 2019 296,894 30.37 During the nine months ended September 30, 2019, the Company granted a total of 78,952 RSAs. Of the 78,952 RSAs granted, 49,925 time-vested RSAs vest ratably over five years and 29,027 time-vested RSAs vest ratably over three years. During the nine months ended September 30, 2018, the Company granted a total of 83,282 RSAs. Of the 83,282 RSAs granted, 44,750 time-vested RSAs vest ratably over five years, 13,415 time-vested RSAs vest ratably over three years, and 25,117 performance-based RSAs vest ratably over two years, subject to the achievement of the Company's 2018 corporate goals. As of September 30, 2019, there were 296,894 unvested RSAs consisting of 285,874 time-vested RSAs and 11,020 performance-based RSAs. Compensation expense attributable to RSAs was $537 thousand and $1.7 million for the three and nine months ended September 30, 2019, respectively, and $612 thousand and $1.9 million for the three and nine months ended September 30, 2018, respectively. As of September 30, 2019, there was $5.3 million of total unrecognized compensation cost related to non-vested RSAs. The cost is expected to be recognized over a weighted-average period of 3.2 years. Restricted Stock Units Long Term Incentive Plan RSUs represent an obligation to deliver shares to a grantee at a future date if certain vesting conditions are met. RSUs are subject to a time-based vesting schedule, or the satisfaction of performance conditions, and are settled in shares of the Company's common stock. RSUs do not provide voting rights and RSUs may provide dividend equivalent rights from the date of grant. The following table summarizes the unvested NEO RSU activity for the nine months ended September 30, 2019: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2019 79,238 $ 27.36 Granted 22,305 33.42 Reinvested dividends 1,935 28.85 Forfeited (16,184) 23.34 Vested (2,573) 32.90 Unvested, September 30, 2019 84,721 29.59 During the nine months ended September 30, 2019, in accordance with the LTI Plan for NEOs, the Company granted 22,305 RSUs. Of the 22,305 RSUs granted, 13,255 time-vested RSUs vest ratably over five years and 9,050 performance-based RSUs vest subject to the achievement of the Company's three-year corporate goal for the three-year period ending December 31, 2021. During the nine months ended September 30, 2018, the Company granted 21,693 RSUs. Of the 21,693 RSUs granted, 12,522 time-vested RSUs vest ratably over five years and 9,171 performance-based RSUs vest subject to the achievement of the Company’s for the three-year period ending December 31, 2020. Compensation expense attributable to LTI Plan RSUs was $175 thousand and $518 thousand for the three and nine months ended September 30, 2019, respectively and $121 thousand and $341 thousand for the three and nine months ended September 30, 2018, respectively. As of September 30, 2019, there was $1.5 million of total unrecognized compensation cost related to non-vested RSUs. The cost is expected to be recognized over a weighted-average period of 2.8 years. Directors Plan In April 2009, the Company adopted a Directors Deferred Compensation Plan (“Directors Plan”). Under the Directors Plan, independent directors may elect to defer all or a portion of their annual retainer fee in the form of RSUs. In addition, directors receive a non-election retainer in the form of RSUs. These RSUs vest ratably over one year and have dividend rights but no voting rights. In connection with the Directors Plan, the Company recorded expense of $142 thousand and $427 thousand for the three and nine months ended September 30, 2019, respectively, and $143 thousand and $418 thousand for the three and nine months ended September 30, 2018, respectively. Employee Stock Purchase Plan In May 2018, the Board of Directors adopted, and stockholders approved the Employee Stock Purchase Plan (“ESPP”). A total of 1,000,000 shares of the Company’s common stock have been initially authorized for issuance under the ESPP. Subject to any plan limitations, the ESPP allows eligible employees to contribute, normally through payroll deductions, up to $25 thousand for the purchase of the Company’s common stock at a discounted price per share for any calendar year. The current offering period is from July 1, 2019 through December 31, 2019. During the nine months ended September 30, 2019, 4,355 shares of common stock were purchased, and no expense was recorded related to the ESPP. During the nine months ended September 30, 2018, no shares of common stock were purchased, and no expense was recorded related to the ESPP.

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2019
SECURITIES.
SECURITIES	4. SECURITIES The following tables summarize the amortized cost and estimated fair value of the available for sale and held to maturity investment securities portfolio at September 30, 2019 and December 31, 2018 and the corresponding amounts of unrealized gains and losses therein: September 30, 2019 Gross Gross Estimated Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Available for sale: U.S. GSE securities $ 5,000 $ — $ (13) $ 4,987 State and municipal obligations 29,587 813 — 30,400 U.S. GSE residential mortgage-backed securities 89,104 530 (558) 89,076 U.S. GSE residential collateralized mortgage obligations 309,146 1,688 (1,643) 309,191 U.S. GSE commercial mortgage-backed securities 11,867 34 (16) 11,885 U.S. GSE commercial collateralized mortgage obligations 96,201 2,285 (133) 98,353 Other asset backed securities 24,250 — (788) 23,462 Corporate bonds 46,000 — (2,648) 43,352 Total available for sale 611,155 5,350 (5,799) 610,706 Held to maturity: State and municipal obligations 42,512 928 — 43,440 U.S. GSE residential mortgage-backed securities 8,514 3 (58) 8,459 U.S. GSE residential collateralized mortgage obligations 43,881 739 (264) 44,356 U.S. GSE commercial mortgage-backed securities 17,407 209 (15) 17,601 U.S. GSE commercial collateralized mortgage obligations 27,415 297 (65) 27,647 Total held to maturity 139,729 2,176 (402) 141,503 Total securities $ 750,884 $ 7,526 $ (6,201) $ 752,209 December 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Available for sale: U.S. GSE securities $ 29,997 $ — $ (947) $ 29,050 State and municipal obligations 40,980 105 (354) 40,731 U.S. GSE residential mortgage-backed securities 96,536 38 (3,036) 93,538 U.S. GSE residential collateralized mortgage obligations 362,905 826 (5,954) 357,777 U.S. GSE commercial mortgage-backed securities 3,536 — (28) 3,508 U.S. GSE commercial collateralized mortgage obligations 93,177 — (2,539) 90,638 Other asset-backed securities 24,250 — (1,031) 23,219 Corporate bonds 46,000 — (3,575) 42,425 Total available for sale 697,381 969 (17,464) 680,886 Held to maturity: State and municipal obligations 53,540 290 (276) 53,554 U.S. GSE residential mortgage-backed securities 9,688 — (336) 9,352 U.S. GSE residential collateralized mortgage obligations 48,244 163 (1,130) 47,277 U.S. GSE commercial mortgage-backed securities 19,098 4 (620) 18,482 U.S. GSE commercial collateralized mortgage obligations 29,593 — (1,466) 28,127 Total held to maturity 160,163 457 (3,828) 156,792 Total securities $ 857,544 $ 1,426 $ (21,292) $ 837,678 The following table summarizes the amortized cost and estimated fair value by contractual maturity of the available for sale and held to maturity investment securities portfolio at September 30, 2019. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2019 Amortized Estimated (In thousands) Cost Fair Value Maturity Available for sale: Within one year $ 1,133 $ 1,133 One to five years 37,676 37,428 Five to ten years 47,649 45,898 Beyond ten years 524,697 526,247 Total $ 611,155 $ 610,706 Held to maturity: Within one year $ 8,768 $ 8,787 One to five years 22,504 22,903 Five to ten years 31,673 32,300 Beyond ten years 76,784 77,513 Total $ 139,729 $ 141,503 The following tables summarize securities with gross unrealized losses at September 30, 2019 and December 31, 2018, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position: September 30, 2019 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Available for sale: U.S. GSE securities $ — $ — $ 4,987 $ (13) State and municipal obligations — — 76 — U.S. GSE residential mortgage-backed securities 4,855 (17) 45,344 (541) U.S. GSE residential collateralized mortgage obligations 81,276 (610) 95,027 (1,033) U.S. GSE commercial mortgage-backed securities 4,875 (16) — — U.S. GSE commercial collateralized mortgage obligations 7,138 (9) 13,938 (124) Other asset backed securities — — 23,462 (788) Corporate bonds — — 43,352 (2,648) Total available for sale $ 98,144 $ (652) $ 226,186 $ (5,147) Held to maturity: State and municipal obligations $ — $ — $ 402 $ — U.S. GSE residential mortgage-backed securities — — 7,580 (58) U.S. GSE residential collateralized mortgage obligations — — 9,090 (264) U.S. GSE commercial mortgage-backed securities — — 5,187 (15) U.S. GSE commercial collateralized mortgage obligations 8,115 (10) 4,428 (55) Total held to maturity $ 8,115 $ (10) $ 26,687 $ (392) December 31, 2018 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Available for sale: U.S. GSE securities $ — $ — $ 29,050 $ (947) State and municipal obligations 6,655 (15) 21,273 (339) U.S. GSE residential mortgage-backed securities — — 88,762 (3,036) U.S. GSE residential collateralized mortgage obligations 46,452 (141) 172,468 (5,813) U.S. GSE commercial mortgage-backed securities — — 3,508 (28) U.S. GSE commercial collateralized mortgage obligations 46,705 (623) 43,933 (1,916) Other asset-backed securities — — 23,219 (1,031) Corporate bonds — — 42,425 (3,575) Total available for sale $ 99,812 $ (779) $ 424,638 $ (16,685) Held to maturity: State and municipal obligations $ 8,286 $ (26) $ 22,142 $ (250) U.S. GSE residential mortgage-backed securities — — 9,352 (336) U.S. GSE residential collateralized mortgage obligations — — 40,665 (1,130) U.S. GSE commercial mortgage-backed securities — — 16,205 (620) U.S. GSE commercial collateralized mortgage obligations — — 28,127 (1,466) Total held to maturity $ 8,286 $ (26) $ 116,491 $ (3,802) Other-Than-Temporary Impairment Management evaluates securities for other-than-temporary impairment (“OTTI”) quarterly and more frequently when economic or market conditions warrant. The investment securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities classified as available for sale or held to maturity are generally evaluated for OTTI under FASB ASC 320, “Accounting for Certain Investments in Debt and Equity Securities”. In determining OTTI under the FASB ASC 320 model, management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. 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 these criteria, the amount of impairment is split into two components: (1) OTTI related to credit loss, which must be recognized in the income statement and (2) OTTI related to other factors, which is recognized in other comprehensive income (“OCI”). 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. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. At September 30, 2019, substantially all of the securities in an unrealized loss position had a fixed interest rate and the cause of the temporary impairment was directly related to changes in interest rates. The Company generally views changes in fair value caused by changes in interest rates as temporary, which is consistent with its experience. Other asset backed securities are comprised of student loan backed bonds which are guaranteed by the U.S. Department of Education for 97% to 100% of principal. Additionally, the bonds have credit support of 3% to 5% and have maintained their Aa3 Moody's rating during the time the Bank has owned them. The corporate bonds within the portfolio have all maintained an investment grade rating by either Moody's or Standard and Poor's. None of the unrealized losses is related to credit losses. The Company does not have the intent to sell these securities and it is more likely than not that it will not be required to sell the securities before their anticipated recovery. Therefore, the Company does not consider these securities to be other-than-temporarily impaired at September 30, 2019. Sales and Calls of Securities There were no proceeds from sale of securities for the three months ended September 30, 2019. There were $46.5 million in proceeds from sales of securities with gross gain of $0.2 million realized for the nine months ended September 30, 2019. There were no proceeds from sales of securities for the three months ended September 30, 2018. There were $230.4 million of proceeds from sales of securities with gross losses of $7.9 million realized for the nine months ended September 30, 2018. There were $10.0 million and $20.3 million of proceeds from calls of securities for the three and nine months ended September 30, 2019, respectively. There were no proceeds from calls of securities for the three months ended September 30, 2018. There were $1.9 million of proceeds from calls of securities for the nine months ended September 30, 2018. Pledged Securities Securities having a fair value of $292.7 million and $354.3 million at September 30, 2019 and December 31, 2018 , respectively, were pledged to secure public deposits and Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) overnight borrowings. Trading Securities The Company did not hold any trading securities during the nine months ended September 30, 2019 or the year ended December 31, 2018. Restricted Securities The Bank is a member of the FHLB of New York. Members are required to own a particular amount of stock based on the level of borrowings and other factors and may invest in additional amounts. The Bank is a member of the Atlantic Central Banker's Bank (“ACBB”) and is required to own ACBB stock. The Bank is also a member of the FRB system and required to own FRB stock. FHLB, ACBB and FRB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The Bank owned $28.5 million and $24.0 million in FHLB, ACBB and FRB stock at September 30, 2019 and December 31, 2018, respectively. These amounts were reported as restricted securities in the consolidated balance sheets.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2019
FAIR VALUE.
FAIR VALUE	5. FAIR VALUE The Company adopted Accounting Standards Update (“ASU”) 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities during the first quarter of 2018 . FASB ASC No. 820‑10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820‑10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. The following tables summarize assets and liabilities measured at fair value on a recurring basis: September 30, 2019 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 4,987 $ 4,987 State and municipal obligations 30,400 30,400 U.S. GSE residential mortgage-backed securities 89,076 89,076 U.S. GSE residential collateralized mortgage obligations 309,191 309,191 U.S. GSE commercial mortgage-backed securities 11,885 11,885 U.S. GSE commercial collateralized mortgage obligations 98,353 98,353 Other asset-backed securities 23,462 23,462 Corporate bonds 43,352 43,352 Total available for sale securities $ 610,706 $ 610,706 Derivatives $ 19,227 $ 19,227 Financial liabilities: Derivatives $ 21,950 $ 21,950 December 31, 2018 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 29,050 $ 29,050 State and municipal obligations 40,731 40,731 U.S. GSE residential mortgage-backed securities 93,538 93,538 U.S. GSE residential collateralized mortgage obligations 357,777 357,777 U.S. GSE commercial mortgage-backed securities 3,508 3,508 U.S. GSE commercial collateralized mortgage obligations 90,638 90,638 Other asset-backed securities 23,219 23,219 Corporate bonds 42,425 42,425 Total available for sale securities $ 680,886 $ 680,886 Derivatives $ 6,363 $ 6,363 Financial liabilities: Derivatives $ 2,215 $ 2,215 The following tables summarize assets measured at fair value on a non-recurring basis: September 30, 2019 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Loans held for sale $ 12,643 $ 12,643 Impaired loans $ 7,286 $ 7,286 December 31, 2018 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Impaired loans $ 2,532 $ 2,532 Other real estate owned $ 175 $ 175 Loans held for sale at September 30, 2019 had a carrying amount of $12.6 million with no valuation allowance recorded. There were no loans held for sale at December 31, 2018. Impaired loans with an allocated allowance for loan losses at September 30, 2019 had a carrying amount of $7.3 million, which is made up of the outstanding balance of $12.0 million, net of a valuation allowance of $4.7 million. Impaired loans with an allocated allowance for loan losses at December 31, 2018 had a carrying amount of $2.5 million, which is made up of the outstanding balance of $2.7 million, net of a valuation allowance of $0.2 million. There was no other real estate owned at September 30, 2019. At December 31, 2018, other real estate owned had a carrying amount of $0.2 million with no valuation allowance recorded. Accordingly, there was no additional provision for loan losses included in the amount reported on the consolidated statements of income. The Company used the following methods and assumptions in estimating the fair value of its financial instruments: Securities Available for Sale and Held to Maturity: If available, the estimated fair values are based on independent dealer quotations on nationally recognized securities exchanges and are classified as Level 1. For securities where quoted prices are not available, fair value is based on matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities resulting in a Level 2 classification. Derivatives: Represents interest rate swaps for which the estimated fair values are based on valuation models using observable market data as of the measurement date resulting in a Level 2 classification. Loans Held for Sale: Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is initially determined using the price we expect to receive for the loans based on commitments received from third-party investors. Thereafter, loans held for sale are re-evaluated quarterly to determine if a valuation allowance is required to adjust for a decline in fair value below the carrying amount, resulting in a Level 3 classification. Impaired Loans and Other Real Estate Owned: For impaired loans, the Company evaluates the fair value of the loan in accordance with current accounting guidance. For loans that are collateral dependent, the fair value of the collateral is used to determine the fair value of the loan. The fair value of the collateral is determined based on recent appraised values. The fair value of other real estate owned is also evaluated in accordance with current accounting guidance and determined based on recent appraised values less the estimated cost to sell. 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 independent appraisers to adjust for differences between the comparable sales and income data available. Adjustments may relate to location, square footage, condition, amenities, market rate of leases as well as timing of comparable sales. All appraisals undergo a second review process to ensure that the methodology employed, and the values derived are reasonable. The fair value of the loan is compared to the carrying value to determine if any write-down or specific reserve is required. Impaired loans are evaluated quarterly for additional impairment and adjusted accordingly. Appraisals for collateral-dependent impaired loans are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, the Credit Department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Management also considers the appraisal values for commercial properties associated with current loan origination activity. Collectively, this information is reviewed to help assess current trends in commercial property values. For each collateral dependent impaired loan, management considers information that relates to the type of commercial property to determine if such properties may have appreciated or depreciated in value since the date of the most recent appraisal. Adjustments to fair value are made only when the analysis indicates a probable decline in collateral values. Adjustments made in the appraisal process are not deemed material to the overall consolidated financial statements given the level of impaired loans measured at fair value on a nonrecurring basis. The following tables summarize the estimated fair values and recorded carrying amounts of the Company's financial instruments at September 30, 2019 and December 31, 2018: September 30, 2019 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Total (In thousands) Amount (Level 1) (Level 2) (Level 3) Fair Value Financial assets: Cash and due from banks $ 87,004 $ 87,004 $ — $ — $ 87,004 Interest-bearing deposits with banks 44,214 44,214 — — 44,214 Securities available for sale 610,706 — 610,706 — 610,706 Securities restricted 28,469 n/a n/a n/a n/a Securities held to maturity 139,729 — 141,503 — 141,503 Loans held for sale 12,643 — — 12,643 12,643 Loans, net 3,476,159 — — 3,456,345 3,456,345 Derivatives 19,227 — 19,227 — 19,227 Accrued interest receivable 11,697 — 2,524 9,173 11,697 Financial liabilities: Certificates of deposit 269,777 — 270,291 — 270,291 Demand and other deposits 3,473,506 3,473,506 — — 3,473,506 FHLB advances 337,000 47,000 290,881 — 337,881 Repurchase agreements 956 — 956 — 956 Subordinated debentures 78,885 — 82,633 — 82,633 Derivatives 21,950 — 21,950 — 21,950 Accrued interest payable 385 — 385 — 385 December 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Total (In thousands) Amount (Level 1) (Level 2) (Level 3) Fair Value Financial assets: Cash and due from banks $ 142,145 $ 142,145 $ — $ — $ 142,145 Interest-bearing deposits with banks 153,223 153,223 — — 153,223 Securities available for sale 680,886 — 680,886 — 680,886 Securities restricted 24,028 n/a n/a n/a n/a Securities held to maturity 160,163 — 156,792 — 156,792 Loans, net 3,244,393 — — 3,216,204 3,216,204 Derivatives 6,363 — 6,363 — 6,363 Accrued interest receivable 11,236 — 2,936 8,300 11,236 Financial liabilities: Certificates of deposit 329,491 — 326,865 — 326,865 Demand and other deposits 3,556,902 3,556,902 — — 3,556,902 FHLB advances 240,433 — 236,209 — 236,209 Repurchase agreements 539 — 539 — 539 Subordinated debentures 78,781 — 74,400 — 74,400 Derivatives 2,215 — 2,215 — 2,215 Accrued interest payable 1,524 — 1,524 — 1,524

LOANS

LOANS	9 Months Ended
	Sep. 30, 2019
LOANS.
LOANS	6. LOANS The following table sets forth the major classifications of loans: (In thousands) September 30, 2019 December 31, 2018 Commercial real estate mortgage loans $ 1,519,807 $ 1,373,556 Multi-family mortgage loans 673,909 585,827 Residential real estate mortgage loans 497,842 519,763 Commercial, industrial and agricultural loans 667,949 645,724 Real estate construction and land loans 116,463 123,393 Installment/consumer loans 24,998 20,509 Total loans 3,500,968 3,268,772 Net deferred loan costs and fees 7,364 7,039 Total loans held for investment 3,508,332 3,275,811 Allowance for loan losses (32,173) (31,418) Loans, net $ 3,476,159 $ 3,244,393 In June 2015, the Company completed the acquisition of Community National Bank (“CNB”) resulting in the addition of $729.4 million of acquired loans recorded at their fair value. There were approximately $235.7 million and $275.0 million of acquired CNB loans remaining as of September 30, 2019 and December 31, 2018, respectively. As of September 30, 2019, one commercial real estate (“CRE”) mortgage loan totaling $12.6 million was classified as held for sale. The loan was reclassified from loans held for investment to loans held for sale and written down from $16.3 million to the loan’s estimated fair value of $12.6 million, through a $3.7 million charge-off during the 2019 second quarter. Lending Risk The principal business of the Bank is lending in CRE mortgage loans, multi-family mortgage loans, residential real estate mortgage loans, construction loans, home equity loans, commercial, industrial and agricultural loans, land loans and consumer loans. The Bank considers its primary lending area to be Nassau and Suffolk Counties located on Long Island and the New York City boroughs. A substantial portion of the Bank's loans is secured by real estate in these areas. Accordingly, the ultimate collectability of the loan portfolio is susceptible to changes in market and economic conditions in this region. Commercial Real Estate Mortgages Loans in this classification include income producing investment properties and owner-occupied real estate used for business purposes. The underlying properties are located largely in the Bank's primary market area. The cash flows of the income producing investment properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on credit quality. Generally, management seeks to obtain annual financial information for borrowers with loans in excess of $1.0 million in this category. In the case of owner-occupied real estate used for business purposes, a weakened economy and resultant decreased consumer and/or business spending will have an adverse effect on credit quality. Multi-Family Mortgages Loans in this classification include income producing residential investment properties of five or more families. Loans are made to established owners with a proven and demonstrable record of strong performance. Loans are secured by a first mortgage lien on the subject property with a loan to value ratio generally not exceeding 75%. Repayment is derived generally from the rental income generated from the property and may be supplemented by the owners' personal cash flow. Credit risk arises with an increase in vacancy rates, property mismanagement and the predominance of non-recourse loans that are customary in the industry. Residential Real Estate Mortgages and Home Equity Loans Loans in these classifications are generally secured by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, can have an effect on the credit quality in this loan class. The Bank generally does not originate loans with a loan-to-value ratio greater than 80% and does not grant subprime loans. Commercial, Industrial and Agricultural Loans Loans in this classification are made to businesses and include term loans, lines of credit, senior secured loans to corporations, equipment financing and taxi medallion loans. Generally, these loans are secured by assets of the business and repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer and/or business spending, will have an effect on the credit quality in this loan class. Real Estate Construction and Land Loans Loans in this classification primarily include land loans to local individuals, contractors and developers for developing the land for sale or for the purpose of making improvements thereon. Repayment is derived primarily from sale of the lots/units including any pre-sold units. Credit risk is affected by market conditions, time to sell at an adequate price and cost overruns. To a lesser extent, this class includes commercial development projects that the Company finances, which in most cases require interest only during construction, and then convert to permanent financing. Construction delays, cost overruns, market conditions and the availability of permanent financing, to the extent such permanent financing is not being provided by the Bank, all affect the credit risk in this loan class. Installment and Consumer Loans Loans in this classification may be either secured or unsecured. Repayment is dependent on the credit quality of the individual borrower and, if applicable, sale of the collateral securing the loan, such as automobiles. Therefore, the overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this loan class. Credit Quality Indicators The Company categorizes loans into risk categories of pass, special mention, substandard and doubtful based on relevant information about the ability of borrowers to service their debt including repayment patterns, probable incurred losses, past loss experience, current economic conditions, and various types of concentrations of credit. Assigned risk rating grades are continuously updated as new information is obtained. Loans risk rated special mention, substandard and doubtful are reviewed on a quarterly basis. The Company uses the following definitions for risk rating grades: Pass: Loans classified as pass include current loans performing in accordance with contractual terms, pools of homogenous residential real estate and installment/consumer loans that are not individually risk rated and loans which do not exhibit certain risk factors that require greater than usual monitoring by management. Special mention: Loans classified as special mention, while generally not delinquent, have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the Bank's credit position at some future date. Substandard: Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. There is a distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in a substandard loan, may also be in delinquency status and have defined weaknesses based on currently existing facts, conditions and values making collection or liquidation in full highly questionable and improbable. The following tables represent loans categorized by class and internally assigned risk grades as of September 30, 2019 and December 31, 2018: September 30, 2019 (In thousands) Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 507,851 $ 20,395 $ 1,237 $ — $ 529,483 Non-owner occupied 977,896 — 12,428 — 990,324 Multi-family 673,501 408 — — 673,909 Residential real estate: Residential mortgage 418,648 8,213 2,093 — 428,954 Home equity 67,435 674 779 — 68,888 Commercial and industrial: Secured 149,772 1,227 9,809 — 160,808 Unsecured 483,037 11,852 12,252 — 507,141 Real estate construction and land loans 116,047 — 416 — 116,463 Installment/consumer loans 24,233 4 761 — 24,998 Total loans $ 3,418,420 $ 42,773 $ 39,775 $ — $ 3,500,968 December 31, 2018 (In thousands) Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 480,503 $ 12,045 $ 17,850 $ — $ 510,398 Non-owner occupied 858,069 2,188 2,901 — 863,158 Multi-family 585,409 418 — — 585,827 Residential real estate: Residential mortgage 438,891 8,510 1,114 — 448,515 Home equity 68,480 1,594 1,174 — 71,248 Commercial and industrial: Secured 147,474 5,536 15,530 — 168,540 Unsecured 458,526 12,886 5,772 — 477,184 Real estate construction and land loans 123,089 — 304 — 123,393 Installment/consumer loans 20,464 9 36 — 20,509 Total loans $ 3,180,905 $ 43,186 $ 44,681 $ — $ 3,268,772 Past Due and Non-accrual Loans The following tables represent the aging of the recorded investment in past due loans as of September 30, 2019 and December 31, 2018 by class of loans, as defined by FASB ASC 310‑10: September 30, 2019 90+ Days Non-accrual 30-59 60-89 Past Due Including 90 Total Past Days Days And Days or More Due and (In thousands) Past Due Past Due Accruing Past Due Non-accrual Current Total Loans Commercial real estate: Owner occupied $ 729 $ 196 $ — $ 231 $ 1,156 $ 528,327 $ 529,483 Non-owner occupied — — — 512 512 989,812 990,324 Multi-family — — — — — 673,909 673,909 Residential real estate: Residential mortgages 3,246 — — 2,100 5,346 423,608 428,954 Home equity 61 300 338 368 1,067 67,821 68,888 Commercial and industrial: Secured — 332 — 211 543 160,265 160,808 Unsecured 485 614 — 652 1,751 505,390 507,141 Real estate construction and land loans — — — 125 125 116,338 116,463 Installment/consumer loans 23 — — 12 35 24,963 24,998 Total loans $ 4,544 $ 1,442 $ 338 $ 4,211 $ 10,535 $ 3,490,433 $ 3,500,968 December 31, 2018 90+ Days Non-accrual 30-59 60-89 Past Due Including 90 Total Past Days Days And Days or More Due and (In thousands) Past Due Past Due Accruing Past Due Non-accrual Current Total Loans Commercial real estate: Owner occupied $ 333 $ 194 $ — $ 253 $ 780 $ 509,618 $ 510,398 Non-owner occupied — — — 885 885 862,273 863,158 Multi-family — — — — — 585,827 585,827 Residential real estate: Residential mortgages 892 230 — 199 1,321 447,194 448,515 Home equity 1,033 — 308 624 1,965 69,283 71,248 Commercial and industrial: Secured 330 196 — 174 700 167,840 168,540 Unsecured 1,108 — — 621 1,729 475,455 477,184 Real estate construction and land loans — — — — — 123,393 123,393 Installment/consumer loans 84 — — 52 136 20,373 20,509 Total loans $ 3,780 $ 620 $ 308 $ 2,808 $ 7,516 $ 3,261,256 $ 3,268,772 Impaired Loans At September 30, 2019 and December 31, 2018, the Company had individually impaired loans as defined by FASB ASC No. 310, “Receivables” of $32.7 million and $19.4 million, respectively. The increase in impaired loans was primarily attributable to new troubled debt restructurings ("TDRs”), partially offset by the payoff of certain TDRs and other impaired loans during the nine months ended September 30, 2019. During the nine months ended September 30, 2019, the Bank modified certain loans as TDRs totaling $20.3 million. For a loan to be considered impaired, management determines after review whether it is probable that the Bank will not be able to collect all amounts due according to the contractual terms of the loan agreement. Management applies its normal loan review procedures in making these judgments. Impaired loans include individually classified non-accrual loans and TDRs. At September 30, 2019, impaired loans also included $2.5 million in other impaired performing loans which were related to borrowers with other performing TDRs, two of which are being restructured as TDRs in the 2019 fourth quarter. At December 31, 2018, impaired loans also included $2.7 million in other impaired performing loans related to three taxi medallion loans which paid off in January 2019. For impaired loans, the Bank evaluates the impairment of the loan in accordance with FASB ASC 310‑10‑35‑22. Impairment is determined based on the present value of expected future cash flows discounted at the loan's effective interest rate. For loans that are collateral dependent, the fair value of the collateral is used to determine the fair value of the loan. The fair value of the collateral is determined based on recent appraised values. The fair value of the collateral or present value of expected cash flows is compared to the carrying value to determine if any write-down or specific loan loss allowance allocation is required. The increase in the allocated allowance on impaired loans from December 31, 2018, primarily relates to taxi medallion loans which were restructured as TDRs during the nine months ended September 30, 2019. The following tables set forth the recorded investment, unpaid principal balance and related allowance by class of loans at September 30, 2019 and December 31, 2018 for individually impaired loans. The tables also set forth the average recorded investment of individually impaired loans and interest income recognized while the loans were impaired during the three and nine months ended September 30, 2019 and 2018: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 September 30, 2019 Unpaid Related Average Interest Average Interest Recorded Principal Allocated Recorded Income Recorded Income (In thousands) Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 8,828 $ 8,847 $ — $ 3,095 $ 28 $ 1,196 $ 28 Non-owner occupied 2,332 2,332 — 2,344 25 2,096 75 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 244 244 — 244 5 190 11 Unsecured 9,330 9,330 — 7,836 125 5,851 274 Total with no related allowance recorded 20,734 20,753 — 13,519 183 9,333 388 With an allowance recorded: Commercial real estate: Owner occupied — — — — — — — Non-owner occupied — — — — — — — Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 9,643 9,643 3,421 6,642 61 5,044 138 Unsecured 2,332 2,332 1,268 2,340 26 1,707 61 Total with an allowance recorded 11,975 11,975 4,689 8,982 87 6,751 199 Total: Commercial real estate: Owner occupied 8,828 8,847 — 3,095 28 1,196 28 Non-owner occupied 2,332 2,332 — 2,344 25 2,096 75 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 9,887 9,887 3,421 6,886 66 5,234 149 Unsecured 11,662 11,662 1,268 10,176 151 7,558 335 Total $ 32,709 $ 32,728 $ 4,689 $ 22,501 $ 270 $ 16,084 $ 587 Three Months Ended Nine Months Ended December 31, 2018 September 30, 2018 September 30, 2018 Unpaid Related Average Interest Average Interest Recorded Principal Allocated Recorded Income Recorded Income (In thousands) Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 268 $ 278 $ — $ 268 $ — $ 151 $ — Non-owner occupied 2,816 2,816 — 1,763 10 1,366 18 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 8,234 8,234 — 8,086 57 8,130 171 Unsecured 5,316 5,316 — 5,143 42 5,084 118 Total with no related allowance recorded 16,634 16,644 — 15,260 109 14,731 307 With an allowance recorded: Commercial real estate: Owner occupied — — — — — — — Non-owner occupied — — — — — — — Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 2,721 2,721 189 — — — — Unsecured — — — — — — — Total with an allowance recorded 2,721 2,721 189 — — — — Total: Commercial real estate: Owner occupied 268 278 — 268 — 151 — Non-owner occupied 2,816 2,816 — 1,763 10 1,366 18 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 10,955 10,955 189 8,086 57 8,130 171 Unsecured 5,316 5,316 — 5,143 42 5,084 118 Total $ 19,355 $ 19,365 $ 189 $ 15,260 $ 109 $ 14,731 $ 307 There was no other real estate owned at September 30, 2019. At December 31, 2018, other real estate owned totaled $0.2 million and consisted of one property which was sold during the quarter ended June 30, 2019. Troubled Debt Restructurings The terms of certain loans were modified and are considered TDRs. The modification of the terms of such loans generally includes one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. The modification of these loans involved loans to borrowers who were experiencing financial difficulties. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed to determine if that borrower is currently in payment default under any of its obligations or whether there is a probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. During the three months ended September 30, 2019, the Bank modified seven commercial and industrial loans, including two taxi medallion loans, totaling $8.4 million, two commercial real estate mortgage loans totaling $7.4 million and one residential mortgage loan totaling $0.3 million as TDRs compared to one commercial real estate mortgage loan totaling $0.9 million and one residential mortgage loan totaling $0.6 million modified as TDRs during the three months ended September 30, 2018. During the nine months ended September 30, 2019, the Bank modified twelve commercial and industrial loans, including five taxi medallion loans, totaling $12.6 million, two commercial real estate mortgage loans totaling $7.4 million and one residential mortgage loan totaling $0.3 million as TDRs compared to eight commercial and industrial loans totaling $6.9 million, one commercial real estate mortgage loan totaling $0.9 million and one residential mortgage loan totaling $0.6 million modified as TDRs during the nine months ended September 30, 2018. These modifications did not result in a change to the recorded investment of the loans. During the nine months ended September 30, 2019, there were three charge-offs totaling $84 thousand relating to TDRs and there were three loans modified as a TDR for which there was a payment default within twelve months following the modification. During the nine months ended September 30, 2018, there were no charge-offs relating to TDRs and there was one loan modified as a TDR for which there was a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of September 30, 2019 and December 31, 2018, the Company had $436 thousand and $133 thousand, respectively, of non-accrual TDRs and $31.0 million and $16.9 million, respectively, of performing TDRs. At September 30, 2019 and December 31, 2018, non-accrual TDRs were unsecured. The Bank has no commitment to lend additional funds to these debtors. The terms of certain other loans were modified during the nine months ended September 30, 2019 that did not meet the definition of a TDR. These loans have a total recorded investment at September 30, 2019 of $53.6 million. These loans were to borrowers who were not experiencing financial difficulties. Purchased Credit Impaired Loans Loans acquired in a business combination are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. At the February 14, 2014 acquisition date, the purchased credit impaired (“PCI”) loans acquired as part of the First National Bank of New York (“FNBNY”) acquisition had contractually required principal and interest payments receivable of $40.3 million, expected cash flows of $28.4 million, and a fair value (initial carrying amount) of $21.8 million. The difference between the contractually required principal and interest payments receivable and the expected cash flows of $11.9 million represented the non-accretable difference. The difference between the expected cash flows and fair value of $6.6 million represented the initial accretable yield. At September 30, 2019, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $0.4 million and $0.3 million, respectively, with a remaining non-accretable difference of $0.1 million. At December 31, 2018, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $1.1 million and $0.5 million, respectively, with a remaining non-accretable difference of $0.5 million. At the June 19, 2015 acquisition date, the PCI loans acquired as part of the CNB acquisition had contractually required principal and interest payments receivable of $23.4 million, expected cash flows of $10.1 million, and a fair value (initial carrying amount) of $8.7 million. The difference between the contractually required principal and interest payments receivable and the expected cash flows of $13.3 million represented the non-accretable difference. The difference between the expected cash flows and fair value of $1.4 million represented the initial accretable yield. At September 30, 2019, the contractually required principal and interest payments receivable of the PCI loans was $0.6 million and the carrying amount was zero, with a remaining non-accretable difference of $0.5 million. At December 31, 2018, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $1.2 million and $0.1 million, respectively, with a remaining non-accretable difference of $0.8 million. The following table summarizes the activity in the accretable yield for the PCI loans: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2019 2018 2019 2018 Balance at beginning of period $ 96 $ 1,112 $ 460 $ 2,151 Accretion (93) (354) (487) (1,656) Reclassification from (to) nonaccretable difference during the period 76 (172) 106 91 Accretable discount at end of period $ 79 $ 586 $ 79 $ 586

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2019
ALLOWANCE FOR LOAN LOSSES.
ALLOWANCE FOR LOAN LOSSES	7. ALLOWANCE FOR LOAN LOSSES The following tables represent the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment, as defined under FASB ASC 310‑10, and based on impairment method as of September 30, 2019 and December 31, 2018. The tables include loans acquired from CNB and FNBNY. September 30, 2019 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ 4,689 $ — $ — $ 4,689 Collectively evaluated for impairment 11,929 2,990 1,908 9,392 998 267 27,484 Loans acquired with deteriorated credit quality — — — — — — — Total allowance for loan losses $ 11,929 $ 2,990 $ 1,908 $ 14,081 $ 998 $ 267 $ 32,173 Loans: Individually evaluated for impairment $ 11,160 $ — $ — $ 21,549 $ — $ — $ 32,709 Collectively evaluated for impairment 1,508,647 673,909 497,504 646,400 116,463 24,998 3,467,921 Loans acquired with deteriorated credit quality — — 338 — — — 338 Total loans $ 1,519,807 $ 673,909 $ 497,842 $ 667,949 $ 116,463 $ 24,998 $ 3,500,968 December 31, 2018 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ 189 $ — $ — $ 189 Collectively evaluated for impairment 10,792 2,566 3,935 12,533 1,297 106 31,229 Loans acquired with deteriorated credit quality — — — — — — — Total allowance for loan losses $ 10,792 $ 2,566 $ 3,935 $ 12,722 $ 1,297 $ 106 $ 31,418 Loans: Individually evaluated for impairment $ 3,084 $ — $ — $ 16,271 $ — $ — $ 19,355 Collectively evaluated for impairment 1,370,472 585,827 519,455 629,229 123,393 20,509 3,248,885 Loans acquired with deteriorated credit quality — — 308 224 — — 532 Total loans $ 1,373,556 $ 585,827 $ 519,763 $ 645,724 $ 123,393 $ 20,509 $ 3,268,772 The following tables represent the changes in the allowance for loan losses for the three and nine months ended September 30, 2019 and 2018, by portfolio segment, as defined under FASB ASC 310‑10. The portfolio segments represent the categories that the Bank uses to determine its allowance for loan losses. Three Months Ended September 30, 2019 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 10,878 $ 2,545 $ 2,620 $ 13,558 $ 1,333 $ 237 $ 31,171 Charge-offs — — — — — (9) (9) Recoveries — — 1 — — 10 11 Provision (Credit) 1,051 445 (713) 523 (335) 29 1,000 Ending balance $ 11,929 $ 2,990 $ 1,908 $ 14,081 $ 998 $ 267 $ 32,173 Three Months Ended September 30, 2018 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Charge-offs — — — — — (4) (4) Recoveries — — 1 19 — 1 21 Provision (Credit) 203 327 205 (569) 38 (4) 200 Ending balance $ 11,409 $ 2,793 $ 4,443 $ 11,808 $ 1,301 $ 115 $ 31,869 Nine Months Ended September 30, 2019 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 10,792 $ 2,566 $ 3,935 $ 12,722 $ 1,297 $ 106 $ 31,418 Charge-offs (3,670) — — (796) — (13) (4,479) Recoveries — — 112 12 — 10 134 Provision (Credit) 4,807 424 (2,139) 2,143 (299) 164 5,100 Ending balance $ 11,929 $ 2,990 $ 1,908 $ 14,081 $ 998 $ 267 $ 32,173 Nine Months Ended September 30, 2018 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707 Charge-offs — — (24) (1,708) — (4) (1,736) Recoveries — — 2 494 — 2 498 Provision (Credit) 361 (1,728) 2,027 184 561 (5) 1,400 Ending balance $ 11,409 $ 2,793 $ 4,443 $ 11,808 $ 1,301 $ 115 $ 31,869

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT PLANS	9 Months Ended
	Sep. 30, 2019
PENSION AND OTHER POSTRETIREMENT PLANS.
PENSION AND OTHER POSTRETIREMENT PLANS	8. PENSION AND POSTRETIREMENT PLANS The Bank maintains a noncontributory pension plan (the “Pension Plan”) covering all eligible employees. The Bank uses a December 31 measurement date for this plan in accordance with FASB ASC 715‑30 “Compensation – Retirement Benefits – Defined Benefit Plans – Pension.” During 2012, the Company amended the Pension Plan by revising the formula for determining benefits effective January 1, 2013, except for certain grandfathered employees. Additionally, new employees hired on or after October 1, 2012 are not eligible for the Pension Plan. During 2001, the Bank adopted the Bridgehampton National Bank Supplemental Executive Retirement Plan (“SERP”). As recommended by the Compensation Committee of the Board of Directors and approved by the full Board of Directors, the SERP provides benefits to certain employees, whose benefits under the Pension Plan are limited by the applicable provisions of the Internal Revenue Code. The benefit under the SERP is equal to the additional amount the employee would be entitled to under the Pension Plan and the 401(k) Plan in the absence of such Internal Revenue Code limitations. The assets of the SERP are held in a rabbi trust to maintain the tax-deferred status of the plan and are subject to the general, unsecured creditors of the Company. As a result, the assets of the rabbi trust are reflected on the Company’s consolidated balance sheets. There were zero and $1.7 million of contributions to the Pension Plan during the nine months ended September 30, 2019 and 2018, respectively. There were no contributions to the SERP during the nine months ended September 30, 2019 and 2018, respectively. In accordance with the SERP, a retired executive received a distribution totaling $84 thousand during each of the nine months ended September 30, 2019 and 2018, respectively. The Company's funding policy with respect to its benefit plans is to contribute at least the minimum amounts required by applicable laws and regulations. The following table presents the components of net periodic benefit (credit) cost: Three Months Ended September 30, Nine Months Ended September 30, Pension Benefits SERP Benefits Pension Benefits SERP Benefits (In thousands) 2019 2018 2019 2018 2019 2018 2019 2018 Components of net periodic benefit cost and other amounts recognized in other comprehensive income: Service cost $ 273 $ 325 $ 65 $ 73 $ 818 $ 975 $ 196 $ 218 Interest cost 225 198 37 32 675 593 110 95 Expected return on plan assets (608) (626) — — (1,823) (1,876) — — Amortization of net loss 130 83 18 30 390 248 53 91 Amortization of prior service credit (20) (20) — — (58) (58) — — Amortization of transition obligation — — — 1 — — — 3 Net periodic benefit (credit) cost $ — $ (40) $ 120 $ 136 $ 2 $ (118) $ 359 $ 407

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	9 Months Ended
	Sep. 30, 2019
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE.
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	9. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase totaled $1.0 million at September 30, 2019 and $0.5 million at December 31, 2018. The repurchase agreements were collateralized by investment securities, of which 17% were U.S. GSE residential collateralized mortgage obligations and 83% were U.S. GSE residential mortgage-backed securities with a carrying amount of $2.2 million at September 30, 2019 and 18% were U.S. GSE residential collateralized mortgage obligations and 82% were U.S. GSE residential mortgage-backed securities with a carrying amount of $2.4 million at December 31, 2018. Securities sold under agreements to repurchase are financing arrangements with $1.0 million maturing during the fourth quarter of 2019. At maturity, the securities underlying the agreements are returned to the Company. The primary risk associated with these secured borrowings is the requirement to pledge a market value-based balance of collateral in excess of the borrowed amount. The excess collateral pledged represents an unsecured exposure to the lending counterparty. As the market value of the collateral changes, both through changes in discount rates and spreads as well as related cash flows, additional collateral may need to be pledged. In accordance with the Company's policies, eligible counterparties are defined and monitored to minimize exposure.

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	9 Months Ended
	Sep. 30, 2019
FEDERAL HOME LOAN BANK ADVANCES.
FEDERAL HOME LOAN BANK ADVANCES	10. FEDERAL HOME LOAN BANK ADVANCES The following tables present the contractual maturities and weighted average interest rates of FHLB advances for each of the next five years. There are no FHLB advances with contractual maturities after 2019. September 30, 2019 (Dollars in thousands) Weighted Contractual Maturity Amount Average Rate Overnight $ 47,000 2.10 % 2019 290,000 2.14 Total FHLB advances $ 337,000 2.13 % December 31, 2018 (Dollars in thousands) Weighted Contractual Maturity Amount Average Rate Overnight $ — — % 2019 240,433 2.72 Total FHLB advances $ 240,433 2.72 % Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. The advances were collateralized by $1.4 billion and $1.3 billion of residential and commercial mortgage loans under a blanket lien arrangement at September 30, 2019 and December 31, 2018, respectively. Based on this collateral and the Company's holdings of FHLB stock, the Company is eligible to borrow up to a total of $1.4 billion at September 30, 2019 .

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	9 Months Ended
	Sep. 30, 2019
SUBORDINATED DEBENTURES.
SUBORDINATED DEBENTURES	11. SUBORDINATED DEBENTURES In September 2015, the Company issued $80.0 million in aggregate principal amount of fixed-to-floating rate subordinated debentures. $40.0 million of the subordinated debentures are callable at par after five years, have a stated maturity of September 30, 2025 and bear interest at a fixed annual rate of 5.25% per year, from and including September 21, 2015 until but excluding September 30, 2020. From and including September 30, 2020 to the maturity date or early redemption date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR plus 360 basis points. The remaining $40.0 million of the subordinated debentures are callable at par after ten years, have a stated maturity of September 30, 2030 and bear interest at a fixed annual rate of 5.75% per year, from and including September 21, 2015 until but excluding September 30, 2025. From and including September 30, 2025 to the maturity date or early redemption date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR plus 345 basis points. The subordinated debentures totaled $78.9 million at September 30, 2019 and $78.8 million at December 31, 2018. The subordinated debentures are included in tier 2 capital (with certain limitations applicable) under current regulatory guidelines and interpretations.

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 30, 2019
DERIVATIVES.
DERIVATIVES	12. DERIVATIVES As described in Note 16, Recent Accounting Pronouncements, during the first quarter of 2019 the Company adopted ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities . The purpose of this updated guidance is to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for public business entities for fiscal years beginning after December 15, 2018, with early adoption, including adoption in an interim period, permitted. ASU 2017-12 requires a modified retrospective transition method in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the statement of financial position as of the date of adoption. The Company has adopted the standard in 2019 with minimal impact to its financial position upon transition. The Alternative Reference Rates Committee ("ARRC") has proposed that the Secured Overnight Funding Rate ("SOFR") replace USD-LIBOR. ARRC has proposed that the transition to SOFR from USD-LIBOR will take place by the end of 2021. The Company has material contracts that are indexed to USD-LIBOR. Industry organizations are currently working on the transition plan. The Company is currently monitoring this activity and evaluating the risks involved. Cash Flow Hedges of Interest Rate Risk As part of its asset liability management, the Company utilizes interest rate swap agreements to help manage its interest rate risk position. The notional amount of the interest rate swap does not represent the amount exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements. Interest rate swaps with notional amounts totaling $290.0 million and $240.0 million at September 30, 2019 and December 31, 2018, respectively, were designated as cash flow hedges of certain FHLB advances. The swaps were determined to be fully effective during the periods presented. The aggregate fair value of the swaps is recorded in other assets or other liabilities, with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining term of the swaps. The following table summarizes information about the interest rate swaps designated as cash flow hedges at September 30, 2019 and December 31, 2018: (Dollars in thousands) September 30, 2019 December 31, 2018 Notional amounts $ 290,000 $ 240,000 Weighted average pay rates 1.69 % 1.84 % Weighted average receive rates 2.12 % 2.77 % Weighted average maturity 3.16 years 2.03 years Interest income recorded on these swap transactions totaled $331 thousand and $1.4 million for the three and nine months ended September 30, 2019, and interest income recorded on these swap transactions totaled $374 thousand and $653 thousand for the three and nine months ended September 30, 2018 which is reported as a component of interest expense on FHLB advances. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest income/expense as interest payments are made/received on the Company's variable-rate assets/liabilities. During the nine months ended September 30, 2019, the Company had $1.4 million of reclassifications as a reduction to interest expense. During the next twelve months, the Company estimates that $78 thousand will be reclassified as a decrease in interest expense. The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the consolidated statements of income relating to the cash flow derivative instruments for the three and nine months ended September 30, 2019 and 2018: Amount of gain Amount of gain reclassified from reclassified from Amount of (loss) gain Amount of (loss) gain Accumulated OCI Accumulated OCI (In thousands) recognized in OCI recognized in OCI into income into income Interest rate contracts included component excluded component included component excluded component Three months ended September 30, 2019 $ (657) $ — $ 331 $ — Nine months ended September 30, 2019 $ (5,360) $ — $ 1,353 $ — Three months ended September 30, 2018 $ 584 $ — $ 374 $ — Nine months ended September 30, 2018 $ 4,431 $ — $ 653 $ — The following table reflects the cash flow hedges included in the consolidated balance sheets at the dates indicated: September 30, 2019 December 31, 2018 Fair Fair Fair Fair (In thousands) Notional Value Value Notional Value Value Included in other assets/(liabilities): Amount Asset Liability Amount Asset Liability Interest rate swaps related to FHLB advances $ 240,000 $ 595 $ (1,439) $ 240,000 $ 4,239 $ (4) Forward starting interest rate swaps related to FHLB advances 50,000 — (1,818) — — — Non-Designated Hedges Derivatives not designated as hedges may be used to manage the Company's exposure to interest rate movements or to provide service to customers but do not meet the requirements for hedge accounting under U.S. GAAP. The Company executes interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. These interest rate swaps with customers are simultaneously offset by interest rate swaps that the Company executes with a third party in order to minimize the net risk exposure resulting from such transactions. These interest-rate swap agreements do not qualify for hedge accounting treatment, and therefore changes in fair value are reported in current period earnings. The following table presents summary information about the interest rate swaps at September 30, 2019 and December 31, 2018: (Dollars in thousands) September 30, 2019 December 31, 2018 Notional amounts $ 465,764 $ 193,401 Weighted average pay rates 4.06 % 4.52 % Weighted average receive rates 4.06 % 4.52 % Weighted average maturity 10.96 years 12.25 years Fair value of combined interest rate swaps $ — $ — Credit-Risk-Related Contingent Features As of September 30, 2019, the termination value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $21.4 million, while there were no derivatives in a net asset position. The Company has minimum collateral posting thresholds with certain of its derivative counterparties. If the termination value of derivatives is a net asset position, the counterparty is required to post collateral against its obligations to the Company under the agreements. However, if the termination value of derivatives is a net liability position, the Company is required to post collateral to the counterparty. At September 30, 2019, the Company posted collateral of $20.2 million to its counterparties under the agreements in a net liability position and received no collateral from its counterparties under the agreements in a net asset position. If the Company had breached any of these provisions at September 30, 2019, it could have been required to settle its obligations under the agreements at the termination value.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
LEASES.
LEASES	13. LEASES The Company has operating leases for certain branch locations, corporate offices and equipment. Certain leases contain rent escalation clauses, which are reflected in the Company’s operating lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees, restrictions or covenants. The components of lease cost were as follows: Three Months Ended Nine Months Ended (In thousands) September 30, 2019 September 30, 2019 Lease cost Operating lease cost $ 1,679 $ 5,030 Sublease income (32) (71) Total lease cost $ 1,647 $ 4,959 The Company reports lease cost in occupancy and equipment expense in the consolidated statements of income. The Company subleases a portion of its leased properties to commercial sublessees. Sublease income is included in other operating income in the consolidated statements of income. Supplemental cash flow and balance sheet information related to operating leases were as follows: Nine Months Ended (Dollars in thousands) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 5,180 Operating right-of-use assets obtained in exchange for lease liabilities $ 39,825 September 30, 2019 Weighted-average remaining lease term-operating leases 8.1 years Weighted-average discount rate-operating leases (1) 3.41 % 1) The Company computes the present value of operating lease liabilities using its incremental borrowing rate as the discount rate. Certain leases contain renewal options which are not reflected in the tables below. The exercise of renewal options, which extend the lease term from five to ten years, is at the Company’s discretion. The maturities of operating lease liabilities were as follows: (In thousands) September 30, 2019 2019 $ 1,550 2020 6,046 2021 5,946 2022 5,742 2023 4,759 Thereafter 21,124 Total operating lease payments $ 45,167 Less: Interest (6,103) Present value of operating lease liabilities $ 39,064 (In thousands) December 31, 2018 2019 $ 7,248 2020 6,504 2021 6,185 2022 5,903 2023 4,695 Thereafter 18,687 Total operating lease payments $ 49,222

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	9 Months Ended
	Sep. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME.
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	14. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following table summarizes the components of other comprehensive income (loss) and related income tax effects: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (In thousands) 2019 2018 2019 2018 Unrealized holding gains (losses) on available for sale securities $ 2,227 $ (4,319) $ 16,247 $ (17,137) Reclassification adjustment for (gains) losses realized in income — — (201) 7,921 Income tax effect (649) 1,256 (4,679) 2,681 Net change in unrealized gains (losses) on available for sale securities 1,578 (3,063) 11,367 (6,535) Reclassification adjustment for amortization realized in income 128 94 385 284 Income tax effect (37) (27) (113) (82) Net change in post-retirement obligation 91 67 272 202 Change in fair value of derivatives used for cash flow hedges (657) 584 (5,360) 4,431 Reclassification adjustment for gains realized in income (331) (374) (1,353) (653) Income tax effect 288 (61) 1,958 (1,099) Net change in unrealized (losses) gains on cash flow hedges (700) 149 (4,755) 2,679 Other comprehensive income (loss) $ 969 $ (2,847) $ 6,884 $ (3,654) The following is a summary of the accumulated other comprehensive loss balances, net of income taxes, at the dates indicated: Other December 31, Comprehensive September 30, (In thousands) 2018 Income 2019 Unrealized (losses) gains on available for sale securities $ (11,685) $ 11,367 $ (318) Unrealized (losses) gains on pension benefits (6,365) 272 (6,093) Unrealized gains (losses) on cash flow hedges 2,938 (4,755) (1,817) Accumulated other comprehensive (loss) gain, net of income taxes $ (15,112) $ 6,884 $ (8,228) The following represents the reclassifications out of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2019 and 2018: Three Months Ended Nine Months Ended Affected Line Item September 30, September 30, September 30, September 30, in the Consolidated (In thousands) 2019 2018 2019 2018 Statements of Income Realized gains (losses) on sale of available for sale securities $ — $ — $ 201 $ (7,921) Net securities gains (losses) Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 20 20 58 58 Other operating expenses Transition obligation — (1) — (3) Other operating expenses Actuarial losses (148) (113) (443) (339) Other operating expenses Realized gains on cash flow hedges 331 374 1,353 653 Interest expense Total reclassifications, before income tax $ 203 $ 280 $ 1,169 $ (7,552) Income tax (expense) benefit (59) (81) (341) 2,197 Income tax expense Total reclassifications, net of income tax $ 144 $ 199 $ 828 $ (5,355)

NET FRAUD LOSS

NET FRAUD LOSS	9 Months Ended
	Sep. 30, 2019
NET FRAUD LOSS
NET FRAUD LOSS	15. FRAUD LOSS The Company incurred a pre-tax charge of $9.5 million in the quarter ended September 30, 2018 relating to the fraudulent conduct of a business customer through its deposit accounts at the Bank. The Company is working with the appropriate law enforcement authorities in connection with this matter. The customer has filed a petition pursuant to Chapter 11 of the bankruptcy code. The Company has put its insurance carrier on notice of a claim for the loss, but the extent and amount of coverage is not yet certain.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2019
RECENT ACCOUNTING PRONOUNCEMENTS.
RECENT ACCOUNTING PRONOUNCEMENTS	16. RECENT ACCOUNTING PRONOUNCEMENTS Standards Effective in 2019 ASU 2016-02, Leases (Topic 842) In February 2016, the FASB amended existing guidance that requires lessees recognize the following for all leases (with the exception of short-term leases) at the commencement date (1) a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. The new guidance also requires enhanced disclosure about an entity’s leasing arrangements. The Company adopted Topic 842 using the transition approach of applying the new leases standard at the beginning of the period of adoption on January 1, 2019. The new guidance includes a number of optional transition-related practical expedients that must be elected as a package and applied by a reporting entity to all of its leases consistently. The Company has elected to apply the package of practical expedients to all of its existing leases, which among other things, allowed the Company to carry forward the historical lease classification as operating leases in accordance with previous GAAP. The effect of adopting this standard in the Company’s consolidated balance sheets was a $39 million increase in operating right-of-use assets and operating lease liabilities as of January 1, 2019. Refer to Note 13. “Leases” for further details of Leases. ASU 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities In August 2017, the FASB provided guidance to improve the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. The amendments also simplify the application of the hedge accounting guidance. The amendments in the ASU better align an entity's risk management activities and financial reporting for hedging relationships through changes in both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. All transition requirements and elections should be applied to hedging relationships existing on the date of adoption. The effect of adoption should be reflected as of the beginning of the fiscal year of adoption. For cash flow and net investment hedges existing at the date of adoption, an entity shall apply a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness to accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year that an entity adopts the amendments in this ASU. The amended presentation and disclosure guidance is required only prospectively. The adoption of this standard did not have an effect on the Company's consolidated financial statements. Standards Effective in 2020 ASU 2016‑13, Financial Instruments – Credit Losses (Topic 326) In June 2016, FASB issued guidance to replace the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables, held to maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases recognized by a lessor. In addition, the amendments in this ASU require credit losses be presented as an allowance rather than as a write-down on available-for-sale debt securities. For public business entities that meet the definition of an SEC filer, like the Company, the standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For calendar year-end SEC filers, like the Company, the standard is effective for March 31, 2020 interim financial statements. For debt securities with other-than-temporary impairment (“OTTI”), the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchase credit deteriorated (“PCD”) assets at the date of adoption. The asset will be grossed up for the allowance for expected credit losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in expected credit losses will be recorded through the allowance. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company has a cross-functional CECL committee that has assessed data and system needs and is implementing required changes to loss estimation methods under the CECL model. The Company has engaged various third parties to assist in the development of models that it will utilize to calculate CECL estimates, model validation and overall CECL implementation preparedness. The Company expects to review and validate preliminary CECL estimates during the fourth quarter of 2019, based on the current loan portfolio composition and expectations for future economic conditions. The Company plans to adopt ASU 2016‑13 in the first quarter of 2020 using the required modified retrospective method with a cumulative effect adjustment to the allowance for loan losses as of the beginning of the reporting period. The impact of adoption will be significantly influenced by the composition, characteristics and quality of the loans and securities portfolios, as well as the prevailing economic conditions and forecasts as of the adoption date. ASU 2017‑04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In January 2017, the FASB amended existing guidance to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amount of the reporting unit exceeds its fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The amendments also eliminate the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. The amendments are effective for public business entities that are an SEC filer, like the Company, for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. The amendments should be applied prospectively. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition in the first annual period when the entity initially adopts the amendments. The adoption of ASU 2017‑04 is not expected to have a material effect on the Company's consolidated financial statements. ASU 2018‑15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In August 2018, the FASB issued ASU 2018-15 to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The amendments in this ASU are effective for public business entities, like the Company, for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption of the amendments in this ASU is permitted, including adoption in any interim period. The amendments in this ASU should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The adoption of ASU 2018‑15 is not expected to have a material effect on the Company's consolidated financial statements.

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies
BASIS OF PRESENTATION	BASIS OF PRESENTATION Bridge Bancorp, Inc. (the “Holding Company”), is a bank holding company incorporated under the laws of the State of New York. The Holding Company’s business consists of the operations of its wholly-owned subsidiary, BNB Bank (the “Bank”). The Bank’s operations include its real estate investment trust subsidiary, Bridgehampton Community, Inc.; a financial title insurance subsidiary, Bridge Abstract LLC (“Bridge Abstract”); and an investment services subsidiary, Bridge Financial Services, Inc. (“Bridge Financial Services”). The unaudited consolidated financial statements presented in this Quarterly Report on Form 10-Q include the collective results of the Holding Company and its wholly-owned subsidiary, the Bank, which are collectively herein referred to as “we”, “us”, “our” and the “Company.” The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10‑Q and Article 10 of Regulation S-X. The unaudited consolidated financial statements included herein reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Such estimates are subject to change in the future as additional information becomes available or previously existing circumstances are modified. Actual future results could differ significantly from those estimates. The annualized results of operations for the nine months ended September 30, 2019 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain reclassifications have been made to prior year amounts, and the related discussion and analysis, to conform to the current year presentation. These reclassifications did not have an impact on net income or total stockholders' equity. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10‑K for the year ended December 31, 2018.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Standards Effective in 2019 ASU 2016-02, Leases (Topic 842) In February 2016, the FASB amended existing guidance that requires lessees recognize the following for all leases (with the exception of short-term leases) at the commencement date (1) a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. The new guidance also requires enhanced disclosure about an entity’s leasing arrangements. The Company adopted Topic 842 using the transition approach of applying the new leases standard at the beginning of the period of adoption on January 1, 2019. The new guidance includes a number of optional transition-related practical expedients that must be elected as a package and applied by a reporting entity to all of its leases consistently. The Company has elected to apply the package of practical expedients to all of its existing leases, which among other things, allowed the Company to carry forward the historical lease classification as operating leases in accordance with previous GAAP. The effect of adopting this standard in the Company’s consolidated balance sheets was a $39 million increase in operating right-of-use assets and operating lease liabilities as of January 1, 2019. Refer to Note 13. “Leases” for further details of Leases. ASU 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities In August 2017, the FASB provided guidance to improve the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. The amendments also simplify the application of the hedge accounting guidance. The amendments in the ASU better align an entity's risk management activities and financial reporting for hedging relationships through changes in both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. All transition requirements and elections should be applied to hedging relationships existing on the date of adoption. The effect of adoption should be reflected as of the beginning of the fiscal year of adoption. For cash flow and net investment hedges existing at the date of adoption, an entity shall apply a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness to accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year that an entity adopts the amendments in this ASU. The amended presentation and disclosure guidance is required only prospectively. The adoption of this standard did not have an effect on the Company's consolidated financial statements. Standards Effective in 2020 ASU 2016‑13, Financial Instruments – Credit Losses (Topic 326) In June 2016, FASB issued guidance to replace the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables, held to maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases recognized by a lessor. In addition, the amendments in this ASU require credit losses be presented as an allowance rather than as a write-down on available-for-sale debt securities. For public business entities that meet the definition of an SEC filer, like the Company, the standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For calendar year-end SEC filers, like the Company, the standard is effective for March 31, 2020 interim financial statements. For debt securities with other-than-temporary impairment (“OTTI”), the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchase credit deteriorated (“PCD”) assets at the date of adoption. The asset will be grossed up for the allowance for expected credit losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in expected credit losses will be recorded through the allowance. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company has a cross-functional CECL committee that has assessed data and system needs and is implementing required changes to loss estimation methods under the CECL model. The Company has engaged various third parties to assist in the development of models that it will utilize to calculate CECL estimates, model validation and overall CECL implementation preparedness. The Company expects to review and validate preliminary CECL estimates during the fourth quarter of 2019, based on the current loan portfolio composition and expectations for future economic conditions. The Company plans to adopt ASU 2016‑13 in the first quarter of 2020 using the required modified retrospective method with a cumulative effect adjustment to the allowance for loan losses as of the beginning of the reporting period. The impact of adoption will be significantly influenced by the composition, characteristics and quality of the loans and securities portfolios, as well as the prevailing economic conditions and forecasts as of the adoption date. ASU 2017‑04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In January 2017, the FASB amended existing guidance to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amount of the reporting unit exceeds its fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The amendments also eliminate the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. The amendments are effective for public business entities that are an SEC filer, like the Company, for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. The amendments should be applied prospectively. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition in the first annual period when the entity initially adopts the amendments. The adoption of ASU 2017‑04 is not expected to have a material effect on the Company's consolidated financial statements. ASU 2018‑15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In August 2018, the FASB issued ASU 2018-15 to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The amendments in this ASU are effective for public business entities, like the Company, for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption of the amendments in this ASU is permitted, including adoption in any interim period. The amendments in this ASU should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The adoption of ASU 2018‑15 is not expected to have a material effect on the Company's consolidated financial statements

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
EARNINGS PER SHARE.
Schedule of computation of EPS	Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share data) 2019 2018 2019 2018 Net income $ 13,903 $ 6,547 $ 37,483 $ 25,363 Dividends paid on and earnings allocated to participating securities (294) (145) (797) (550) Income attributable to common stock $ 13,609 $ 6,402 $ 36,686 $ 24,813 Weighted average common shares outstanding, including participating securities 19,958 19,890 19,950 19,869 Weighted average participating securities (422) (438) (425) (435) Weighted average common shares outstanding 19,536 19,452 19,525 19,434 Basic earnings per common share $ 0.70 $ 0.33 $ 1.88 $ 1.28 Income attributable to common stock $ 13,609 $ 6,402 $ 36,686 $ 24,813 Weighted average common shares outstanding 19,536 19,452 19,525 19,434 Incremental shares from assumed conversions of options and restricted stock units 32 33 27 27 Weighted average common and equivalent shares outstanding 19,568 19,485 19,552 19,461 Diluted earnings per common share $ 0.70 $ 0.33 $ $ 1.28

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share Based Compensation Arrangement By Share Based Payment Award Grants in Period Fair Value Assumptions	Nine Months Ended September 30, 2019 2018 Dividend yield 2.86 % 2.80 % Expected volatility 23.80 27.53 Risk-free interest rate 2.52 2.67 Expected option life 6.0 years 6.5 years
Schedule of company's stock options	Weighted Weighted Average Number Average Remaining Aggregate of Exercise Contractual Intrinsic (Dollars in thousands, except per share amounts) Options Price Life Value Outstanding, January 1, 2019 47,393 $ 36.19 Granted 63,267 35.35 Outstanding, September 30, 2019 110,660 35.71 8.9 years $ — Vested and Exercisable, September 30, 2019 15,795 36.19 8.4 years — Number of Exercise Range of Exercise Prices Options Price $35.35 63,267 $ 35.35 36.19 47,393 36.19 110,660
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of status of unvested restricted stock	Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2019 324,882 $ 29.13 Granted 78,952 31.92 Vested (89,920) 27.17 Forfeited (17,020) 30.70 Unvested, September 30, 2019 296,894 30.37
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of status of unvested restricted stock	Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2019 79,238 $ 27.36 Granted 22,305 33.42 Reinvested dividends 1,935 28.85 Forfeited (16,184) 23.34 Vested (2,573) 32.90 Unvested, September 30, 2019 84,721 29.59

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2019
SECURITIES.
Schedule of amortized cost and fair value of the available for sale and held to maturity	September 30, 2019 Gross Gross Estimated Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Available for sale: U.S. GSE securities $ 5,000 $ — $ (13) $ 4,987 State and municipal obligations 29,587 813 — 30,400 U.S. GSE residential mortgage-backed securities 89,104 530 (558) 89,076 U.S. GSE residential collateralized mortgage obligations 309,146 1,688 (1,643) 309,191 U.S. GSE commercial mortgage-backed securities 11,867 34 (16) 11,885 U.S. GSE commercial collateralized mortgage obligations 96,201 2,285 (133) 98,353 Other asset backed securities 24,250 — (788) 23,462 Corporate bonds 46,000 — (2,648) 43,352 Total available for sale 611,155 5,350 (5,799) 610,706 Held to maturity: State and municipal obligations 42,512 928 — 43,440 U.S. GSE residential mortgage-backed securities 8,514 3 (58) 8,459 U.S. GSE residential collateralized mortgage obligations 43,881 739 (264) 44,356 U.S. GSE commercial mortgage-backed securities 17,407 209 (15) 17,601 U.S. GSE commercial collateralized mortgage obligations 27,415 297 (65) 27,647 Total held to maturity 139,729 2,176 (402) 141,503 Total securities $ 750,884 $ 7,526 $ (6,201) $ 752,209 December 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Available for sale: U.S. GSE securities $ 29,997 $ — $ (947) $ 29,050 State and municipal obligations 40,980 105 (354) 40,731 U.S. GSE residential mortgage-backed securities 96,536 38 (3,036) 93,538 U.S. GSE residential collateralized mortgage obligations 362,905 826 (5,954) 357,777 U.S. GSE commercial mortgage-backed securities 3,536 — (28) 3,508 U.S. GSE commercial collateralized mortgage obligations 93,177 — (2,539) 90,638 Other asset-backed securities 24,250 — (1,031) 23,219 Corporate bonds 46,000 — (3,575) 42,425 Total available for sale 697,381 969 (17,464) 680,886 Held to maturity: State and municipal obligations 53,540 290 (276) 53,554 U.S. GSE residential mortgage-backed securities 9,688 — (336) 9,352 U.S. GSE residential collateralized mortgage obligations 48,244 163 (1,130) 47,277 U.S. GSE commercial mortgage-backed securities 19,098 4 (620) 18,482 U.S. GSE commercial collateralized mortgage obligations 29,593 — (1,466) 28,127 Total held to maturity 160,163 457 (3,828) 156,792 Total securities $ 857,544 $ 1,426 $ (21,292) $ 837,678
Schedule of amortized cost, fair value and maturities of the available for sale and held to maturity investment securities portfolio	September 30, 2019 Amortized Estimated (In thousands) Cost Fair Value Maturity Available for sale: Within one year $ 1,133 $ 1,133 One to five years 37,676 37,428 Five to ten years 47,649 45,898 Beyond ten years 524,697 526,247 Total $ 611,155 $ 610,706 Held to maturity: Within one year $ 8,768 $ 8,787 One to five years 22,504 22,903 Five to ten years 31,673 32,300 Beyond ten years 76,784 77,513 Total $ 139,729 $ 141,503
Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months	September 30, 2019 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Available for sale: U.S. GSE securities $ — $ — $ 4,987 $ (13) State and municipal obligations — — 76 — U.S. GSE residential mortgage-backed securities 4,855 (17) 45,344 (541) U.S. GSE residential collateralized mortgage obligations 81,276 (610) 95,027 (1,033) U.S. GSE commercial mortgage-backed securities 4,875 (16) — — U.S. GSE commercial collateralized mortgage obligations 7,138 (9) 13,938 (124) Other asset backed securities — — 23,462 (788) Corporate bonds — — 43,352 (2,648) Total available for sale $ 98,144 $ (652) $ 226,186 $ (5,147) Held to maturity: State and municipal obligations $ — $ — $ 402 $ — U.S. GSE residential mortgage-backed securities — — 7,580 (58) U.S. GSE residential collateralized mortgage obligations — — 9,090 (264) U.S. GSE commercial mortgage-backed securities — — 5,187 (15) U.S. GSE commercial collateralized mortgage obligations 8,115 (10) 4,428 (55) Total held to maturity $ 8,115 $ (10) $ 26,687 $ (392) December 31, 2018 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Available for sale: U.S. GSE securities $ — $ — $ 29,050 $ (947) State and municipal obligations 6,655 (15) 21,273 (339) U.S. GSE residential mortgage-backed securities — — 88,762 (3,036) U.S. GSE residential collateralized mortgage obligations 46,452 (141) 172,468 (5,813) U.S. GSE commercial mortgage-backed securities — — 3,508 (28) U.S. GSE commercial collateralized mortgage obligations 46,705 (623) 43,933 (1,916) Other asset-backed securities — — 23,219 (1,031) Corporate bonds — — 42,425 (3,575) Total available for sale $ 99,812 $ (779) $ 424,638 $ (16,685) Held to maturity: State and municipal obligations $ 8,286 $ (26) $ 22,142 $ (250) U.S. GSE residential mortgage-backed securities — — 9,352 (336) U.S. GSE residential collateralized mortgage obligations — — 40,665 (1,130) U.S. GSE commercial mortgage-backed securities — — 16,205 (620) U.S. GSE commercial collateralized mortgage obligations — — 28,127 (1,466) Total held to maturity $ 8,286 $ (26) $ 116,491 $ (3,802)

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2019
FAIR VALUE.
Schedule of assets and liabilities measured on a recurring basis	September 30, 2019 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 4,987 $ 4,987 State and municipal obligations 30,400 30,400 U.S. GSE residential mortgage-backed securities 89,076 89,076 U.S. GSE residential collateralized mortgage obligations 309,191 309,191 U.S. GSE commercial mortgage-backed securities 11,885 11,885 U.S. GSE commercial collateralized mortgage obligations 98,353 98,353 Other asset-backed securities 23,462 23,462 Corporate bonds 43,352 43,352 Total available for sale securities $ 610,706 $ 610,706 Derivatives $ 19,227 $ 19,227 Financial liabilities: Derivatives $ 21,950 $ 21,950 December 31, 2018 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 29,050 $ 29,050 State and municipal obligations 40,731 40,731 U.S. GSE residential mortgage-backed securities 93,538 93,538 U.S. GSE residential collateralized mortgage obligations 357,777 357,777 U.S. GSE commercial mortgage-backed securities 3,508 3,508 U.S. GSE commercial collateralized mortgage obligations 90,638 90,638 Other asset-backed securities 23,219 23,219 Corporate bonds 42,425 42,425 Total available for sale securities $ 680,886 $ 680,886 Derivatives $ 6,363 $ 6,363 Financial liabilities: Derivatives $ 2,215 $ 2,215
Schedule of assets measured at fair value on a non-recurring basis	September 30, 2019 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Loans held for sale $ 12,643 $ 12,643 Impaired loans $ 7,286 $ 7,286 December 31, 2018 Fair Value Measurements Using: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Impaired loans $ 2,532 $ 2,532 Other real estate owned $ 175 $ 175
Schedule of estimated fair values and recorded carrying values of financial instruments	September 30, 2019 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Total (In thousands) Amount (Level 1) (Level 2) (Level 3) Fair Value Financial assets: Cash and due from banks $ 87,004 $ 87,004 $ — $ — $ 87,004 Interest-bearing deposits with banks 44,214 44,214 — — 44,214 Securities available for sale 610,706 — 610,706 — 610,706 Securities restricted 28,469 n/a n/a n/a n/a Securities held to maturity 139,729 — 141,503 — 141,503 Loans held for sale 12,643 — — 12,643 12,643 Loans, net 3,476,159 — — 3,456,345 3,456,345 Derivatives 19,227 — 19,227 — 19,227 Accrued interest receivable 11,697 — 2,524 9,173 11,697 Financial liabilities: Certificates of deposit 269,777 — 270,291 — 270,291 Demand and other deposits 3,473,506 3,473,506 — — 3,473,506 FHLB advances 337,000 47,000 290,881 — 337,881 Repurchase agreements 956 — 956 — 956 Subordinated debentures 78,885 — 82,633 — 82,633 Derivatives 21,950 — 21,950 — 21,950 Accrued interest payable 385 — 385 — 385 December 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Total (In thousands) Amount (Level 1) (Level 2) (Level 3) Fair Value Financial assets: Cash and due from banks $ 142,145 $ 142,145 $ — $ — $ 142,145 Interest-bearing deposits with banks 153,223 153,223 — — 153,223 Securities available for sale 680,886 — 680,886 — 680,886 Securities restricted 24,028 n/a n/a n/a n/a Securities held to maturity 160,163 — 156,792 — 156,792 Loans, net 3,244,393 — — 3,216,204 3,216,204 Derivatives 6,363 — 6,363 — 6,363 Accrued interest receivable 11,236 — 2,936 8,300 11,236 Financial liabilities: Certificates of deposit 329,491 — 326,865 — 326,865 Demand and other deposits 3,556,902 3,556,902 — — 3,556,902 FHLB advances 240,433 — 236,209 — 236,209 Repurchase agreements 539 — 539 — 539 Subordinated debentures 78,781 — 74,400 — 74,400 Derivatives 2,215 — 2,215 — 2,215 Accrued interest payable 1,524 — 1,524 — 1,524

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2019
LOANS.
Schedule of the major classifications of loans	(In thousands) September 30, 2019 December 31, 2018 Commercial real estate mortgage loans $ 1,519,807 $ 1,373,556 Multi-family mortgage loans 673,909 585,827 Residential real estate mortgage loans 497,842 519,763 Commercial, industrial and agricultural loans 667,949 645,724 Real estate construction and land loans 116,463 123,393 Installment/consumer loans 24,998 20,509 Total loans 3,500,968 3,268,772 Net deferred loan costs and fees 7,364 7,039 Total loans held for investment 3,508,332 3,275,811 Allowance for loan losses (32,173) (31,418) Loans, net $ 3,476,159 $ 3,244,393
Schedule of loans by class categorized by internally assigned credit risk grades	September 30, 2019 (In thousands) Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 507,851 $ 20,395 $ 1,237 $ — $ 529,483 Non-owner occupied 977,896 — 12,428 — 990,324 Multi-family 673,501 408 — — 673,909 Residential real estate: Residential mortgage 418,648 8,213 2,093 — 428,954 Home equity 67,435 674 779 — 68,888 Commercial and industrial: Secured 149,772 1,227 9,809 — 160,808 Unsecured 483,037 11,852 12,252 — 507,141 Real estate construction and land loans 116,047 — 416 — 116,463 Installment/consumer loans 24,233 4 761 — 24,998 Total loans $ 3,418,420 $ 42,773 $ 39,775 $ — $ 3,500,968 December 31, 2018 (In thousands) Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 480,503 $ 12,045 $ 17,850 $ — $ 510,398 Non-owner occupied 858,069 2,188 2,901 — 863,158 Multi-family 585,409 418 — — 585,827 Residential real estate: Residential mortgage 438,891 8,510 1,114 — 448,515 Home equity 68,480 1,594 1,174 — 71,248 Commercial and industrial: Secured 147,474 5,536 15,530 — 168,540 Unsecured 458,526 12,886 5,772 — 477,184 Real estate construction and land loans 123,089 — 304 — 123,393 Installment/consumer loans 20,464 9 36 — 20,509 Total loans $ 3,180,905 $ 43,186 $ 44,681 $ — $ 3,268,772
Schedule of the aging of the recorded investment in past due loans by class of loans	September 30, 2019 90+ Days Non-accrual 30-59 60-89 Past Due Including 90 Total Past Days Days And Days or More Due and (In thousands) Past Due Past Due Accruing Past Due Non-accrual Current Total Loans Commercial real estate: Owner occupied $ 729 $ 196 $ — $ 231 $ 1,156 $ 528,327 $ 529,483 Non-owner occupied — — — 512 512 989,812 990,324 Multi-family — — — — — 673,909 673,909 Residential real estate: Residential mortgages 3,246 — — 2,100 5,346 423,608 428,954 Home equity 61 300 338 368 1,067 67,821 68,888 Commercial and industrial: Secured — 332 — 211 543 160,265 160,808 Unsecured 485 614 — 652 1,751 505,390 507,141 Real estate construction and land loans — — — 125 125 116,338 116,463 Installment/consumer loans 23 — — 12 35 24,963 24,998 Total loans $ 4,544 $ 1,442 $ 338 $ 4,211 $ 10,535 $ 3,490,433 $ 3,500,968 December 31, 2018 90+ Days Non-accrual 30-59 60-89 Past Due Including 90 Total Past Days Days And Days or More Due and (In thousands) Past Due Past Due Accruing Past Due Non-accrual Current Total Loans Commercial real estate: Owner occupied $ 333 $ 194 $ — $ 253 $ 780 $ 509,618 $ 510,398 Non-owner occupied — — — 885 885 862,273 863,158 Multi-family — — — — — 585,827 585,827 Residential real estate: Residential mortgages 892 230 — 199 1,321 447,194 448,515 Home equity 1,033 — 308 624 1,965 69,283 71,248 Commercial and industrial: Secured 330 196 — 174 700 167,840 168,540 Unsecured 1,108 — — 621 1,729 475,455 477,184 Real estate construction and land loans — — — — — 123,393 123,393 Installment/consumer loans 84 — — 52 136 20,373 20,509 Total loans $ 3,780 $ 620 $ 308 $ 2,808 $ 7,516 $ 3,261,256 $ 3,268,772
Schedule of individually impaired loans by class	Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 September 30, 2019 Unpaid Related Average Interest Average Interest Recorded Principal Allocated Recorded Income Recorded Income (In thousands) Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 8,828 $ 8,847 $ — $ 3,095 $ 28 $ 1,196 $ 28 Non-owner occupied 2,332 2,332 — 2,344 25 2,096 75 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 244 244 — 244 5 190 11 Unsecured 9,330 9,330 — 7,836 125 5,851 274 Total with no related allowance recorded 20,734 20,753 — 13,519 183 9,333 388 With an allowance recorded: Commercial real estate: Owner occupied — — — — — — — Non-owner occupied — — — — — — — Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 9,643 9,643 3,421 6,642 61 5,044 138 Unsecured 2,332 2,332 1,268 2,340 26 1,707 61 Total with an allowance recorded 11,975 11,975 4,689 8,982 87 6,751 199 Total: Commercial real estate: Owner occupied 8,828 8,847 — 3,095 28 1,196 28 Non-owner occupied 2,332 2,332 — 2,344 25 2,096 75 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 9,887 9,887 3,421 6,886 66 5,234 149 Unsecured 11,662 11,662 1,268 10,176 151 7,558 335 Total $ 32,709 $ 32,728 $ 4,689 $ 22,501 $ 270 $ 16,084 $ 587 Three Months Ended Nine Months Ended December 31, 2018 September 30, 2018 September 30, 2018 Unpaid Related Average Interest Average Interest Recorded Principal Allocated Recorded Income Recorded Income (In thousands) Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 268 $ 278 $ — $ 268 $ — $ 151 $ — Non-owner occupied 2,816 2,816 — 1,763 10 1,366 18 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 8,234 8,234 — 8,086 57 8,130 171 Unsecured 5,316 5,316 — 5,143 42 5,084 118 Total with no related allowance recorded 16,634 16,644 — 15,260 109 14,731 307 With an allowance recorded: Commercial real estate: Owner occupied — — — — — — — Non-owner occupied — — — — — — — Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 2,721 2,721 189 — — — — Unsecured — — — — — — — Total with an allowance recorded 2,721 2,721 189 — — — — Total: Commercial real estate: Owner occupied 268 278 — 268 — 151 — Non-owner occupied 2,816 2,816 — 1,763 10 1,366 18 Residential real estate: Residential mortgages — — — — — — — Home equity — — — — — — — Commercial and industrial: Secured 10,955 10,955 189 8,086 57 8,130 171 Unsecured 5,316 5,316 — 5,143 42 5,084 118 Total $ 19,355 $ 19,365 $ 189 $ 15,260 $ 109 $ 14,731 $ 307
Schedule of activity in the accretable yield for the purchased credit impaired loans	Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2019 2018 2019 2018 Balance at beginning of period $ 96 $ 1,112 $ 460 $ 2,151 Accretion (93) (354) (487) (1,656) Reclassification from (to) nonaccretable difference during the period 76 (172) 106 91 Accretable discount at end of period $ 79 $ 586 $ 79 $ 586

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2019
ALLOWANCE FOR LOAN LOSSES.
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method	September 30, 2019 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ 4,689 $ — $ — $ 4,689 Collectively evaluated for impairment 11,929 2,990 1,908 9,392 998 267 27,484 Loans acquired with deteriorated credit quality — — — — — — — Total allowance for loan losses $ 11,929 $ 2,990 $ 1,908 $ 14,081 $ 998 $ 267 $ 32,173 Loans: Individually evaluated for impairment $ 11,160 $ — $ — $ 21,549 $ — $ — $ 32,709 Collectively evaluated for impairment 1,508,647 673,909 497,504 646,400 116,463 24,998 3,467,921 Loans acquired with deteriorated credit quality — — 338 — — — 338 Total loans $ 1,519,807 $ 673,909 $ 497,842 $ 667,949 $ 116,463 $ 24,998 $ 3,500,968 December 31, 2018 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ 189 $ — $ — $ 189 Collectively evaluated for impairment 10,792 2,566 3,935 12,533 1,297 106 31,229 Loans acquired with deteriorated credit quality — — — — — — — Total allowance for loan losses $ 10,792 $ 2,566 $ 3,935 $ 12,722 $ 1,297 $ 106 $ 31,418 Loans: Individually evaluated for impairment $ 3,084 $ — $ — $ 16,271 $ — $ — $ 19,355 Collectively evaluated for impairment 1,370,472 585,827 519,455 629,229 123,393 20,509 3,248,885 Loans acquired with deteriorated credit quality — — 308 224 — — 532 Total loans $ 1,373,556 $ 585,827 $ 519,763 $ 645,724 $ 123,393 $ 20,509 $ 3,268,772 The following tables represent the changes in the allowance for loan losses for the three and nine months ended September 30, 2019 and 2018, by portfolio segment, as defined under FASB ASC 310‑10. The portfolio segments represent the categories that the Bank uses to determine its allowance for loan losses. Three Months Ended September 30, 2019 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 10,878 $ 2,545 $ 2,620 $ 13,558 $ 1,333 $ 237 $ 31,171 Charge-offs — — — — — (9) (9) Recoveries — — 1 — — 10 11 Provision (Credit) 1,051 445 (713) 523 (335) 29 1,000 Ending balance $ 11,929 $ 2,990 $ 1,908 $ 14,081 $ 998 $ 267 $ 32,173 Three Months Ended September 30, 2018 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Charge-offs — — — — — (4) (4) Recoveries — — 1 19 — 1 21 Provision (Credit) 203 327 205 (569) 38 (4) 200 Ending balance $ 11,409 $ 2,793 $ 4,443 $ 11,808 $ 1,301 $ 115 $ 31,869 Nine Months Ended September 30, 2019 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 10,792 $ 2,566 $ 3,935 $ 12,722 $ 1,297 $ 106 $ 31,418 Charge-offs (3,670) — — (796) — (13) (4,479) Recoveries — — 112 12 — 10 134 Provision (Credit) 4,807 424 (2,139) 2,143 (299) 164 5,100 Ending balance $ 11,929 $ 2,990 $ 1,908 $ 14,081 $ 998 $ 267 $ 32,173 Nine Months Ended September 30, 2018 Residential Commercial, Real Estate Commercial Real Estate Industrial and Construction Installment/ Real Estate Multi-family Mortgage Agricultural and Land Consumer (In thousands) Mortgage Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707 Charge-offs — — (24) (1,708) — (4) (1,736) Recoveries — — 2 494 — 2 498 Provision (Credit) 361 (1,728) 2,027 184 561 (5) 1,400 Ending balance $ 11,409 $ 2,793 $ 4,443 $ 11,808 $ 1,301 $ 115 $ 31,869

PENSION AND POSTRETIREMENT PLAN

PENSION AND POSTRETIREMENT PLANS (Tables)	9 Months Ended
	Sep. 30, 2019
PENSION AND OTHER POSTRETIREMENT PLANS.
Schedule of components of net periodic benefit cost (credit)	Three Months Ended September 30, Nine Months Ended September 30, Pension Benefits SERP Benefits Pension Benefits SERP Benefits (In thousands) 2019 2018 2019 2018 2019 2018 2019 2018 Components of net periodic benefit cost and other amounts recognized in other comprehensive income: Service cost $ 273 $ 325 $ 65 $ 73 $ 818 $ 975 $ 196 $ 218 Interest cost 225 198 37 32 675 593 110 95 Expected return on plan assets (608) (626) — — (1,823) (1,876) — — Amortization of net loss 130 83 18 30 390 248 53 91 Amortization of prior service credit (20) (20) — — (58) (58) — — Amortization of transition obligation — — — 1 — — — 3 Net periodic benefit (credit) cost $ — $ (40) $ 120 $ 136 $ 2 $ (118) $ 359 $ 407

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	9 Months Ended
	Sep. 30, 2019
FEDERAL HOME LOAN BANK ADVANCES.
Schedule of contractual maturities and weighted average interest rates of FHLB advances	September 30, 2019 (Dollars in thousands) Weighted Contractual Maturity Amount Average Rate Overnight $ 47,000 2.10 % 2019 290,000 2.14 Total FHLB advances $ 337,000 2.13 % December 31, 2018 (Dollars in thousands) Weighted Contractual Maturity Amount Average Rate Overnight $ — — % 2019 240,433 2.72 Total FHLB advances $ 240,433 2.72 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Sep. 30, 2019
DERIVATIVES.
Schedule of information about the interest rate swap designated as a cash flow hedge	(Dollars in thousands) September 30, 2019 December 31, 2018 Notional amounts $ 290,000 $ 240,000 Weighted average pay rates 1.69 % 1.84 % Weighted average receive rates 2.12 % 2.77 % Weighted average maturity 3.16 years 2.03 years
Schedule of the net gains (losses) recorded, net of income tax, in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments	Amount of gain Amount of gain reclassified from reclassified from Amount of (loss) gain Amount of (loss) gain Accumulated OCI Accumulated OCI (In thousands) recognized in OCI recognized in OCI into income into income Interest rate contracts included component excluded component included component excluded component Three months ended September 30, 2019 $ (657) $ — $ 331 $ — Nine months ended September 30, 2019 $ (5,360) $ — $ 1,353 $ — Three months ended September 30, 2018 $ 584 $ — $ 374 $ — Nine months ended September 30, 2018 $ 4,431 $ — $ 653 $ —
Schedule of cash flow hedge included in the Consolidated Balance Sheets	September 30, 2019 December 31, 2018 Fair Fair Fair Fair (In thousands) Notional Value Value Notional Value Value Included in other assets/(liabilities): Amount Asset Liability Amount Asset Liability Interest rate swaps related to FHLB advances $ 240,000 $ 595 $ (1,439) $ 240,000 $ 4,239 $ (4) Forward starting interest rate swaps related to FHLB advances 50,000 — (1,818) — — —
Schedule of information about interest rate swaps	(Dollars in thousands) September 30, 2019 December 31, 2018 Notional amounts $ 465,764 $ 193,401 Weighted average pay rates 4.06 % 4.52 % Weighted average receive rates 4.06 % 4.52 % Weighted average maturity 10.96 years 12.25 years Fair value of combined interest rate swaps $ — $ —

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
LEASES.
Summary of lease costs	Three Months Ended Nine Months Ended (In thousands) September 30, 2019 September 30, 2019 Lease cost Operating lease cost $ 1,679 $ 5,030 Sublease income (32) (71) Total lease cost $ 1,647 $ 4,959
Summary of supplemental cash flow and balance sheet information related to operating leases	Nine Months Ended (Dollars in thousands) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 5,180 Operating right-of-use assets obtained in exchange for lease liabilities $ 39,825 September 30, 2019 Weighted-average remaining lease term-operating leases 8.1 years Weighted-average discount rate-operating leases (1) 3.41 % 1) The Company computes the present value of operating lease liabilities using its incremental borrowing rate as the discount rate.
Summary of maturities of operating lease liabilities as of September 30, 2019	(In thousands) September 30, 2019 2019 $ 1,550 2020 6,046 2021 5,946 2022 5,742 2023 4,759 Thereafter 21,124 Total operating lease payments $ 45,167 Less: Interest (6,103) Present value of operating lease liabilities $ 39,064
Summary of maturities of operating lease liabilities as of December 31, 2018	(In thousands) December 31, 2018 2019 $ 7,248 2020 6,504 2021 6,185 2022 5,903 2023 4,695 Thereafter 18,687 Total operating lease payments $ 49,222

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	9 Months Ended
	Sep. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME.
Schedule of other comprehensive income (loss) and related income tax effects	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (In thousands) 2019 2018 2019 2018 Unrealized holding gains (losses) on available for sale securities $ 2,227 $ (4,319) $ 16,247 $ (17,137) Reclassification adjustment for (gains) losses realized in income — — (201) 7,921 Income tax effect (649) 1,256 (4,679) 2,681 Net change in unrealized gains (losses) on available for sale securities 1,578 (3,063) 11,367 (6,535) Reclassification adjustment for amortization realized in income 128 94 385 284 Income tax effect (37) (27) (113) (82) Net change in post-retirement obligation 91 67 272 202 Change in fair value of derivatives used for cash flow hedges (657) 584 (5,360) 4,431 Reclassification adjustment for gains realized in income (331) (374) (1,353) (653) Income tax effect 288 (61) 1,958 (1,099) Net change in unrealized (losses) gains on cash flow hedges (700) 149 (4,755) 2,679 Other comprehensive income (loss) $ 969 $ (2,847) $ 6,884 $ (3,654)
Schedule of accumulated other comprehensive loss balances, net of income taxes	Other December 31, Comprehensive September 30, (In thousands) 2018 Income 2019 Unrealized (losses) gains on available for sale securities $ (11,685) $ 11,367 $ (318) Unrealized (losses) gains on pension benefits (6,365) 272 (6,093) Unrealized gains (losses) on cash flow hedges 2,938 (4,755) (1,817) Accumulated other comprehensive (loss) gain, net of income taxes $ (15,112) $ 6,884 $ (8,228)
Schedule of reclassifications out of accumulated other comprehensive (loss) income	Three Months Ended Nine Months Ended Affected Line Item September 30, September 30, September 30, September 30, in the Consolidated (In thousands) 2019 2018 2019 2018 Statements of Income Realized gains (losses) on sale of available for sale securities $ — $ — $ 201 $ (7,921) Net securities gains (losses) Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 20 20 58 58 Other operating expenses Transition obligation — (1) — (3) Other operating expenses Actuarial losses (148) (113) (443) (339) Other operating expenses Realized gains on cash flow hedges 331 374 1,353 653 Interest expense Total reclassifications, before income tax $ 203 $ 280 $ 1,169 $ (7,552) Income tax (expense) benefit (59) (81) (341) 2,197 Income tax expense Total reclassifications, net of income tax $ 144 $ 199 $ 828 $ (5,355)

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
EARNINGS PER SHARE.
Net income	$ 13,903	$ 6,547	$ 37,483	$ 25,363
Dividends paid on and earnings allocated to participating securities	(294)	(145)	(797)	(550)
Income attributable to common stock	$ 13,609	$ 6,402	$ 36,686	$ 24,813
Weighted average common shares outstanding, including participating securities	19,958	19,890	19,950	19,869
Weighted average participating securities (in shares)	(422)	(438)	(425)	(435)
Weighted average common shares outstanding	19,536	19,452	19,525	19,434
Basic earnings per common share (in dollars per share)	$ 0.70	$ 0.33	$ 1.88	$ 1.28
Income attributable to common stock	$ 13,609	$ 6,402	$ 36,686	$ 24,813
Weighted average common shares outstanding	19,536	19,452	19,525	19,434
Incremental shares from assumed conversions of options and restricted stock units	32	33	27	27
Weighted average common and equivalent shares outstanding (in shares)	19,568	19,485	19,552	19,461
Diluted earnings per common share (in dollars per share)	$ 0.70	$ 0.33	$ 1.88	$ 1.28

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			110,660	47,393
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	9,190	21,980

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				63,267
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 53	$ 26	$ 144	$ 65
Unrecognized compensation cost related to unvested stock options		394		$ 394
Cost is expected to be recognized period				2 years
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		537	612	$ 1,700	$ 1,900
Unrecognized compensation cost related to non-vested RSAs		$ 5,300		$ 5,300
Cost is expected to be recognized period				3 years 2 months 12 days
Restricted stock | Time-vested RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards unvested		285,874		285,874
Restricted stock | Performance-based RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted					25,117
Vesting period (in years)					2 years
Number of restricted stock awards unvested		11,020		11,020
Directors | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				1 year
Deferred compensation expense		$ 142	143	$ 427	$ 418
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	0
2012 Plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted				78,952	83,282
Number of restricted stock awards unvested		296,894		296,894		324,882
2012 Plan | Restricted stock | Time-vested RSAs vest ratably over five years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted				49,925	44,750
Vesting period (in years)				5 years	5 years
2012 Plan | Restricted stock | Time-vested RSAs vest ratably over three years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted				29,027	13,415
Vesting period (in years)				3 years	3 years
LTI Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 175	$ 121	$ 518	$ 341
Number of restricted stock awards granted				22,305	21,693
Number of restricted stock awards unvested		84,721		84,721		79,238
Unrecognized compensation cost related to non-vested RSAs		$ 1,500		$ 1,500
Cost is expected to be recognized period				2 years 9 months 18 days
LTI Plan | Restricted stock units | Time-vested RSAs vest ratably over five years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted				13,255	12,522
Vesting period (in years)				5 years	5 years
LTI Plan | Restricted stock units | Performance-based RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted					9,171
Number of restricted stock awards granted				9,050
Vesting period (in years)				3 years	3 years
LTI Plan | NEOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				63,267	47,393
Percentage premium over the grant date stock price				10.00%
Vesting period (in years)				3 years
Weighted-average grant-date fair value				$ 5.05	$ 6.52
Method used				Black-Scholes option-pricing model

STOCK BASED COMPENSATION PLAN_2

STOCK BASED COMPENSATION PLANS - Incentive Plans (Details) - shares	1 Months Ended	9 Months Ended
	May 31, 2019	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		63,267
Shares available for grant		525,336
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	0
Shares available for grant	162,738
Equity Incentive Plan 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	370,000
Shares available for grant	370,000

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS - Schedule of Share Based Compensation Arrangement By Share Based Payment Award Grants in Period Fair Value Assumptions (Details) - LTI Plan - NEOs	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	2.86%	2.80%
Expected volatility rate	23.80%	27.53%
Risk-free interest rate	2.52%	2.67%
Expected option life	6 years	6 years 6 months

STOCK BASED COMPENSATION PLAN_3

STOCK BASED COMPENSATION PLANS - Status of Company's Stock Options (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Number of Options
Outstanding, January 1, 2019 | shares	47,393
Granted | shares	63,267
Outstanding, September 30, 2019 | shares	110,660
Vested and Exercisable, September 30, 2019 | shares	15,795
Weighted Average Exercise Price
Weighted Average Exercise Price, January 1, 2019 | $ / shares	$ 36.19
Granted | $ / shares	35.35
Weighted Average Exercise Price, September 30, 2019 | $ / shares	35.71
Vested and Exercisable, September 30, 2019 | $ / shares	$ 36.19
Weighted Average Remaining Contractual Life, Outstanding	8 years 10 months 24 days
Weighted Average Remaining Contractual Life, Vested and Exercisable	8 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding | $	$ 0
Aggregate Intrinsic Value, Vested and Exercisable | $	$ 0

STOCK BASED COMPENSATION PLAN_4

STOCK BASED COMPENSATION PLANS - Exercise Prices (Details) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options	110,660	47,393
Weighted Average Exercise Price	$ 35.71	$ 36.19
$35.35
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options	63,267
Weighted Average Exercise Price	$ 35.35
$36.19
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options	47,393
Weighted Average Exercise Price	$ 36.19

STOCK BASED COMPENSATION PLAN_5

STOCK BASED COMPENSATION PLANS - Restricted Stock Awards (Details) - Restricted stock - 2012 Plan - $ / shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Shares
Unvested, January 1, 2019	324,882
Granted	78,952	83,282
Vested	(89,920)
Forfeited	(17,020)
Unvested, September 30, 2019	296,894
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2019	$ 29.13
Granted	31.92
Vested	27.17
Forfeited	30.70
Unvested, September 30, 2019	$ 30.37

STOCK BASED COMPENSATION PLAN_6

STOCK BASED COMPENSATION PLANS - Restricted Stock Units (Details) - LTI Plan - Restricted stock units - $ / shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Shares
Unvested, January 1, 2019	79,238
Granted	22,305	21,693
Reinvested dividends	1,935
Forfeited	(16,184)
Vested	(2,573)
Unvested, September 30, 2019	84,721
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2019	$ 27.36
Granted	33.42
Reinvested dividends	28.85
Forfeited	23.34
Vested	32.90
Unvested, September 30, 2019	$ 29.59

STOCK BASED COMPENSATION PLAN_7

STOCK BASED COMPENSATION PLANS - Employee Stock Purchase Plan (Details) - USD ($)	1 Months Ended	9 Months Ended
	May 31, 2018	Sep. 30, 2019	Sep. 30, 2018
STOCK-BASED COMPENSATION PLANS.
Common stock initially authorized for issuance under the ESPP, Shares	1,000,000
Maximum contribution from employees	$ 25,000
Shares of common stock purchased under the ESPP		4,355	0
Expense recorded related to ESPP		$ 0	$ 0

SECURITIES - Summary of Availab

SECURITIES - Summary of Available for Sale Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available for sale:
Amortized Cost	$ 611,155	$ 697,381
Gross Unrealized Gains	5,350	969
Gross Unrealized Losses	(5,799)	(17,464)
Estimated Fair Value	610,706	680,886
U.S. GSE securities
Available for sale:
Amortized Cost	5,000	29,997
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(13)	(947)
Estimated Fair Value	4,987	29,050
State and municipal obligations
Available for sale:
Amortized Cost	29,587	40,980
Gross Unrealized Gains	813	105
Gross Unrealized Losses		(354)
Estimated Fair Value	30,400	40,731
U.S. GSE residential mortgage-backed securities
Available for sale:
Amortized Cost	89,104	96,536
Gross Unrealized Gains	530	38
Gross Unrealized Losses	(558)	(3,036)
Estimated Fair Value	89,076	93,538
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Amortized Cost	309,146	362,905
Gross Unrealized Gains	1,688	826
Gross Unrealized Losses	(1,643)	(5,954)
Estimated Fair Value	309,191	357,777
U.S. GSE commercial mortgage-backed securities
Available for sale:
Amortized Cost	11,867	3,536
Gross Unrealized Gains	34	0
Gross Unrealized Losses	(16)	(28)
Estimated Fair Value	11,885	3,508
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Amortized Cost	96,201	93,177
Gross Unrealized Gains	2,285	0
Gross Unrealized Losses	(133)	(2,539)
Estimated Fair Value	98,353	90,638
Other asset backed securities
Available for sale:
Amortized Cost	24,250	24,250
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(788)	(1,031)
Estimated Fair Value	23,462	23,219
Corporate bonds
Available for sale:
Amortized Cost	46,000	46,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,648)	(3,575)
Estimated Fair Value	$ 43,352	$ 42,425

SECURITIES - Summary of Held to

SECURITIES - Summary of Held to Maturity Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Held to maturity:
Amortized Cost	$ 139,729	$ 160,163
Gross Unrealized Gains	2,176	457
Gross Unrealized Losses	(402)	(3,828)
Estimated Fair Value	141,503	156,792
State and municipal obligations
Held to maturity:
Amortized Cost	42,512	53,540
Gross Unrealized Gains	928	290
Gross Unrealized Losses		(276)
Estimated Fair Value	43,440	53,554
U.S. GSE residential mortgage-backed securities
Held to maturity:
Amortized Cost	8,514	9,688
Gross Unrealized Gains	3	0
Gross Unrealized Losses	(58)	(336)
Estimated Fair Value	8,459	9,352
U.S. GSE residential collateralized mortgage obligations
Held to maturity:
Amortized Cost	43,881	48,244
Gross Unrealized Gains	739	163
Gross Unrealized Losses	(264)	(1,130)
Estimated Fair Value	44,356	47,277
U.S. GSE commercial mortgage-backed securities
Held to maturity:
Amortized Cost	17,407	19,098
Gross Unrealized Gains	209	4
Gross Unrealized Losses	(15)	(620)
Estimated Fair Value	17,601	18,482
U.S. GSE commercial collateralized mortgage obligations
Held to maturity:
Amortized Cost	27,415	29,593
Gross Unrealized Gains	297	0
Gross Unrealized Losses	(65)	(1,466)
Estimated Fair Value	$ 27,647	$ 28,127

SECURITIES - Total Available fo

SECURITIES - Total Available for Sale and Held to Maturity Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total securities
Amortized Cost	$ 750,884	$ 857,544
Gross Unrealized Gains	7,526	1,426
Gross Unrealized Losses	(6,201)	(21,292)
Total securities	$ 752,209	$ 837,678

SECURITIES - Available for Sale

SECURITIES - Available for Sale Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost, Available for sale:
Within one year	$ 1,133
One to five years	37,676
Five to ten years	47,649
Beyond ten years	524,697
Total	611,155	$ 697,381
Estimated Fair Value, Available for sale:
Within one year	1,133
One to five years	37,428
Five to ten years	45,898
Beyond ten years	526,247
Estimated Fair Value	$ 610,706	$ 680,886

SECURITIES - Held to Maturity I

SECURITIES - Held to Maturity Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost, Held to maturity:
Within one year	$ 8,768
One to five years	22,504
Five to ten years	31,673
Beyond ten years	76,784
Total	139,729	$ 160,163
Estimated Fair Value, Held to maturity:
Within one year	8,787
One to five years	22,903
Five to ten years	32,300
Beyond ten years	77,513
Estimated Fair Value	$ 141,503	$ 156,792

SECURITIES - Available for Sa_2

SECURITIES - Available for Sale Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available for sale:
Less than 12 months, Estimated Fair Value	$ 98,144	$ 99,812
Less than 12 months, Gross Unrealized Losses	(652)	(779)
Greater than 12 months, Estimated Fair Value	226,186	424,638
Greater than 12 months, Gross Unrealized Losses	(5,147)	(16,685)
U.S. GSE securities
Available for sale:
Less than 12 months, Estimated Fair Value	0	0
Less than 12 months, Gross Unrealized Losses	0	0
Greater than 12 months, Estimated Fair Value	4,987	29,050
Greater than 12 months, Gross Unrealized Losses	(13)	(947)
State and municipal obligations
Available for sale:
Less than 12 months, Estimated Fair Value	0	6,655
Less than 12 months, Gross Unrealized Losses	0	(15)
Greater than 12 months, Estimated Fair Value	76	21,273
Greater than 12 months, Gross Unrealized Losses	0	(339)
U.S. GSE residential mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	4,855	0
Less than 12 months, Gross Unrealized Losses	(17)	0
Greater than 12 months, Estimated Fair Value	45,344	88,762
Greater than 12 months, Gross Unrealized Losses	(541)	(3,036)
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	81,276	46,452
Less than 12 months, Gross Unrealized Losses	(610)	(141)
Greater than 12 months, Estimated Fair Value	95,027	172,468
Greater than 12 months, Gross Unrealized Losses	(1,033)	(5,813)
U.S. GSE commercial mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	4,875	0
Less than 12 months, Gross Unrealized Losses	(16)	0
Greater than 12 months, Estimated Fair Value		3,508
Greater than 12 months, Gross Unrealized Losses		(28)
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	7,138	46,705
Less than 12 months, Gross Unrealized Losses	(9)	(623)
Greater than 12 months, Estimated Fair Value	13,938	43,933
Greater than 12 months, Gross Unrealized Losses	(124)	(1,916)
Other asset backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	0	0
Less than 12 months, Gross Unrealized Losses	0	0
Greater than 12 months, Estimated Fair Value	23,462	23,219
Greater than 12 months, Gross Unrealized Losses	(788)	(1,031)
Corporate bonds
Available for sale:
Less than 12 months, Estimated Fair Value	0	0
Less than 12 months, Gross Unrealized Losses	0	0
Greater than 12 months, Estimated Fair Value	43,352	42,425
Greater than 12 months, Gross Unrealized Losses	$ (2,648)	$ (3,575)

SECURITIES - Held to Maturity S

SECURITIES - Held to Maturity Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Held to maturity:
Less than 12 months, Estimated Fair Value	$ 8,115	$ 8,286
Less than 12 months, Gross Unrealized losses	(10)	(26)
Greater than 12 months, Estimated Fair Value	26,687	116,491
Greater than 12 months, Gross Unrealized losses	(392)	(3,802)
State and municipal obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	0	8,286
Less than 12 months, Gross Unrealized losses	0	(26)
Greater than 12 months, Estimated Fair Value	402	22,142
Greater than 12 months, Gross Unrealized losses	0	(250)
U.S. GSE residential mortgage-backed securities
Held to maturity:
Less than 12 months, Estimated Fair Value	0	0
Less than 12 months, Gross Unrealized losses	0	0
Greater than 12 months, Estimated Fair Value	7,580	9,352
Greater than 12 months, Gross Unrealized losses	(58)	(336)
U.S. GSE residential collateralized mortgage obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	0	0
Less than 12 months, Gross Unrealized losses	0	0
Greater than 12 months, Estimated Fair Value	9,090	40,665
Greater than 12 months, Gross Unrealized losses	(264)	(1,130)
U.S. GSE commercial mortgage-backed securities
Held to maturity:
Less than 12 months, Estimated Fair Value	0	0
Less than 12 months, Gross Unrealized losses	0	0
Greater than 12 months, Estimated Fair Value	5,187	16,205
Greater than 12 months, Gross Unrealized losses	(15)	(620)
U.S. GSE commercial collateralized mortgage obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	8,115	0
Less than 12 months, Gross Unrealized losses	(10)	0
Greater than 12 months, Estimated Fair Value	4,428	28,127
Greater than 12 months, Gross Unrealized losses	$ (55)	$ (1,466)

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
OTTI, Sales and Calls, Pledged, Trading and Restricted Securities
Guaranteed portion of student loan backed bonds			student loan backed bonds which are guaranteed by the U.S. Department of Education for 97% to 100% of principal.
Credit support for student loan backed bonds description			the bonds have credit support of 3% to 5%
Proceeds from sales of securities available for sale	$ 0	$ 0	$ 46,478	$ 230,372
Gross gains realized on sale of securities available for sale			200	(7,900)
Debt and Equity Securities, Gain (Loss)			201	(7,921)
Proceeds from calls of securities	10,000	$ 0	20,300	$ 1,900
Fair value of securities pledged to secure public deposits and FHLB and FRB overnight borrowings	292,700		292,700		$ 354,300
Amount owned in FHLB, ACBB and FRB stock	$ 28,469		$ 28,469		$ 24,028

FAIR VALUE - Summary of Assets

FAIR VALUE - Summary of Assets and Liabilities measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets measured at fair value on recurring basis
Available for sale securities	$ 610,706	$ 680,886
U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	4,987	29,050
State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	30,400	40,731
U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	89,076	93,538
U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	309,191	357,777
U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	11,885	3,508
U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	98,353	90,638
Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,462	23,219
Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,352	42,425
Carrying Amount
Assets measured at fair value on recurring basis
Available for sale securities	610,706	680,886
Financial Assets: Derivatives	19,227	6,363
Financial Liabilities:
Financial liabilities: Derivatives	21,950	2,215
Quoted Prices In Active Markets for Identical Assets (Level 1)
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Financial Assets: Derivatives	0	0
Financial Liabilities:
Financial liabilities: Derivatives	0	0
Significant Other Observable Inputs (Level 2)
Assets measured at fair value on recurring basis
Available for sale securities	610,706	680,886
Financial Assets: Derivatives	19,227	6,363
Financial Liabilities:
Financial liabilities: Derivatives	21,950	2,215
Significant Unobservable Inputs (Level 3)
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Financial Assets: Derivatives	0	0
Financial Liabilities:
Financial liabilities: Derivatives	0	0
Recurring basis | Carrying Amount
Assets measured at fair value on recurring basis
Available for sale securities	610,706	680,886
Recurring basis | Carrying Amount | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	4,987	29,050
Recurring basis | Carrying Amount | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	30,400	40,731
Recurring basis | Carrying Amount | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	89,076	93,538
Recurring basis | Carrying Amount | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	309,191	357,777
Recurring basis | Carrying Amount | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	11,885	3,508
Recurring basis | Carrying Amount | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	98,353	90,638
Recurring basis | Carrying Amount | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,462	23,219
Recurring basis | Carrying Amount | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,352	42,425
Recurring basis | Carrying Amount | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	19,227	6,363
Financial Liabilities:
Financial liabilities: Derivatives	21,950	2,215
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets measured at fair value on recurring basis
Available for sale securities	610,706	680,886
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	4,987	29,050
Recurring basis | Significant Other Observable Inputs (Level 2) | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	30,400	40,731
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	89,076	93,538
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	309,191	357,777
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	11,885	3,508
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	98,353	90,638
Recurring basis | Significant Other Observable Inputs (Level 2) | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,462	23,219
Recurring basis | Significant Other Observable Inputs (Level 2) | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,352	42,425
Recurring basis | Significant Other Observable Inputs (Level 2) | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	19,227	6,363
Financial Liabilities:
Financial liabilities: Derivatives	$ 21,950	$ 2,215

FAIR VALUE - Summary of Asset_2

FAIR VALUE - Summary of Assets and Liabilities measured on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets measured at fair value on non-recurring basis
Other real estate owned	$ 0	$ 175
Carrying Amount
Assets measured at fair value on non-recurring basis
Loans held for sale	12,643	0
Significant Unobservable Inputs (Level 3)
Assets measured at fair value on non-recurring basis
Loans held for sale	12,643
Non-recurring basis | Carrying Amount
Assets measured at fair value on non-recurring basis
Loans held for sale	12,643
Impaired loans	7,286	2,532
Other real estate owned		175
Non-recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1)
Assets measured at fair value on non-recurring basis
Impaired loans	0	0
Other real estate owned		0
Non-recurring basis | Significant Other Observable Inputs (Level 2)
Assets measured at fair value on non-recurring basis
Impaired loans	0	0
Other real estate owned		0
Non-recurring basis | Significant Unobservable Inputs (Level 3)
Assets measured at fair value on non-recurring basis
Loans held for sale	12,643
Impaired loans	$ 7,286	2,532
Other real estate owned		$ 175

FAIR VALUE - Narrative (Details

FAIR VALUE - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Additional provision for loan losses	$ 1,000	$ 200	$ 5,100	$ 1,400
Assets measured at fair value on non-recurring basis
Outstanding balance of impaired loans with an allowance recorded	11,975		11,975		$ 2,721
Valuation allowance on impaired loans	4,689		4,689		189
Other Real Estate	0		0		175
Other real estate owned valuation allowance	0		0		0
Real estate owned additional provision			0		0
Non-recurring basis
Assets measured at fair value on non-recurring basis
Outstanding balance of impaired loans with an allowance recorded	12,000		12,000		2,700
Valuation allowance on impaired loans	4,700		4,700		200
Carrying Amount | Non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount of impaired loans	7,286		7,286		2,532
Assets measured at fair value on non-recurring basis
Valuation allowance on impaired loans	$ 0		$ 0
Other Real Estate					$ 175

FAIR VALUE - Summary of Estimat

FAIR VALUE - Summary of Estimated Fair Values and Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial assets:
Cash and due from banks	$ 87,004	$ 142,145
Interest-bearing deposits with banks	44,214	153,223
Securities available for sale	610,706	680,886
Securities held to maturity	141,503	156,792
Accrued interest receivable	11,697	11,236
Carrying Amount
Financial assets:
Cash and due from banks	87,004	142,145
Interest-bearing deposits with banks	44,214	153,223
Securities available for sale	610,706	680,886
Securities restricted	28,469	24,028
Securities held to maturity	139,729	160,163
Loans held for sale	12,643	0
Loans, net	3,476,159	3,244,393
Derivatives	19,227	6,363
Accrued interest receivable	11,697	11,236
Financial liabilities:
Certificates of deposit	269,777	329,491
Demand and other deposits	3,473,506	3,556,902
FHLB advances	337,000	240,433
Repurchase agreements	956	539
Subordinated debentures	78,885	78,781
Derivatives	21,950	2,215
Accrued interest payable	385	1,524
Fair Value
Financial assets:
Cash and due from banks	87,004	142,145
Interest-bearing deposits with banks	44,214	153,223
Securities available for sale	610,706	680,886
Securities held to maturity	141,503	156,792
Loans held for sale	12,643
Loans, net	3,456,345	3,216,204
Derivatives	19,227	6,363
Accrued interest receivable	11,697	11,236
Financial liabilities:
Certificates of deposit	270,291	326,865
Demand and other deposits	3,473,506	3,556,902
FHLB advances	337,881	236,209
Repurchase agreements	956	539
Subordinated debentures	82,633	74,400
Derivatives	21,950	2,215
Accrued interest payable	385	1,524
Quoted Prices In Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and due from banks	87,004	142,145
Interest-bearing deposits with banks	44,214	153,223
Securities available for sale	0	0
Securities held to maturity	0	0
Loans, net	0	0
Derivatives	0	0
Accrued interest receivable	0	0
Financial liabilities:
Certificates of deposit	0	0
Demand and other deposits	3,473,506	3,556,902
FHLB advances	47,000	0
Repurchase agreements	0	0
Subordinated debentures	0	0
Derivatives	0	0
Accrued interest payable	0	0
Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits with banks	0	0
Securities available for sale	610,706	680,886
Securities held to maturity	141,503	156,792
Loans, net	0	0
Derivatives	19,227	6,363
Accrued interest receivable	2,524	2,936
Financial liabilities:
Certificates of deposit	270,291	326,865
Demand and other deposits	0	0
FHLB advances	290,881	236,209
Repurchase agreements	956	539
Subordinated debentures	82,633	74,400
Derivatives	21,950	2,215
Accrued interest payable	385	1,524
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits with banks	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Loans held for sale	12,643
Loans, net	3,456,345	3,216,204
Derivatives	0	0
Accrued interest receivable	9,173	8,300
Financial liabilities:
Certificates of deposit	0	0
Demand and other deposits	0	0
FHLB advances	0	0
Repurchase agreements	0	0
Subordinated debentures	0	0
Derivatives	0	0
Accrued interest payable	$ 0	$ 0

LOANS - Major Classifications o

LOANS - Major Classifications of Loans and Lending Risk (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2019USD ($)	Sep. 30, 2019USD ($)family	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2015USD ($)
Classifications of loans
Total loans		$ 3,500,968	$ 3,268,772
Net deferred loan costs and fees		7,364	7,039
Total loans held for investment		3,508,332	3,275,811
Allowance for loan losses	$ (31,171)	(32,173)	(31,418)	$ (31,869)	$ (31,652)	$ (31,707)
Loans, net		3,476,159	3,244,393
Commercial Real Estate
Classifications of loans
Mortgage loan reclassified from loans held for investment to loans held for sale		12,600
Loans held for investment to loans held for sale and written down		16,300
Mortgage loan, charge-off recognized	3,700
Commercial Real Estate | Mortgage loans
Classifications of loans
Total loans		1,519,807	1,373,556
Allowance for loan losses	(10,878)	(11,929)	(10,792)	(11,409)	(11,206)	(11,048)
Lending Risk
Loan amount beyond which annual financial information is sought		1,000
Multi-family
Classifications of loans
Allowance for loan losses		(2,990)	(2,566)	(2,793)		(4,521)
Multi-family | Mortgage loans
Classifications of loans
Total loans		673,909	585,827
Allowance for loan losses	(2,545)	$ (2,990)	(2,566)	(2,793)	(2,466)
Lending Risk
Number of families having income producing residential investment properties | family		5
Residential real estate mortgage loans
Classifications of loans
Allowance for loan losses		$ (1,908)	(3,935)	(4,443)		(2,438)
Residential real estate mortgage loans | Mortgage loans
Classifications of loans
Total loans		497,842	519,763
Allowance for loan losses	(2,620)	(1,908)	(3,935)	(4,443)	(4,237)
Commercial, industrial and agricultural loans
Classifications of loans
Total loans		667,949	645,724
Allowance for loan losses	(13,558)	(14,081)	(12,722)	(11,808)	(12,358)	(12,838)
Real estate construction and land loans
Classifications of loans
Total loans		116,463	123,393
Allowance for loan losses	(1,333)	(998)	(1,297)	(1,301)	(1,263)	(740)
Installment/consumer loans
Classifications of loans
Total loans		24,998	20,509
Allowance for loan losses	$ (237)	(267)	(106)	$ (115)	$ (122)	$ (122)
CNB
Classifications of loans
Addition in acquired loans recorded at fair value							$ 729,400
Fair value of loans acquired		$ 235,700	275,000
Maximum | Multi-family | Mortgage loans
Lending Risk
Loan-to-value ratio (as a percent)		75.00%
Home equity | Residential real estate mortgage loans | Mortgage loans
Classifications of loans
Total loans		$ 68,888	71,248
Home equity | Minimum | Residential real estate mortgage loans | Mortgage loans
Lending Risk
Loan-to-value ratio (as a percent)		80.00%
Carrying Amount
Classifications of loans
Fair value of loans acquired		$ 3,476,159	3,244,393
Loans held for sale		$ 12,643	$ 0

LOANS - Categorized by Class an

LOANS - Categorized by Class and Internally Assigned Risk Grades (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Loans by class categorized by internally assigned risk grades
Total loans	$ 3,500,968	$ 3,268,772
Pass
Loans by class categorized by internally assigned risk grades
Total loans	3,418,420	3,180,905
Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	42,773	43,186
Substandard
Loans by class categorized by internally assigned risk grades
Total loans	39,775	44,681
Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Commercial Real Estate | Mortgage loans
Loans by class categorized by internally assigned risk grades
Total loans	1,519,807	1,373,556
Commercial Real Estate | Mortgage loans | Owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	529,483	510,398
Commercial Real Estate | Mortgage loans | Owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	507,851	480,503
Commercial Real Estate | Mortgage loans | Owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	20,395	12,045
Commercial Real Estate | Mortgage loans | Owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	1,237	17,850
Commercial Real Estate | Mortgage loans | Owner occupied | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Commercial Real Estate | Mortgage loans | Non-owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	990,324	863,158
Commercial Real Estate | Mortgage loans | Non-owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	977,896	858,069
Commercial Real Estate | Mortgage loans | Non-owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	0	2,188
Commercial Real Estate | Mortgage loans | Non-owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	12,428	2,901
Commercial Real Estate | Mortgage loans | Non-owner occupied | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Multi-family | Mortgage loans
Loans by class categorized by internally assigned risk grades
Total loans	673,909	585,827
Multi-family | Mortgage loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	673,501	585,409
Multi-family | Mortgage loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	408	418
Multi-family | Mortgage loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Multi-family | Mortgage loans | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Residential real estate mortgage loans | Mortgage loans
Loans by class categorized by internally assigned risk grades
Total loans	497,842	519,763
Residential real estate mortgage loans | Mortgage loans | Residential mortgage
Loans by class categorized by internally assigned risk grades
Total loans	428,954	448,515
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | Pass
Loans by class categorized by internally assigned risk grades
Total loans	418,648	438,891
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	8,213	8,510
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	2,093	1,114
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Residential real estate mortgage loans | Mortgage loans | Home equity
Loans by class categorized by internally assigned risk grades
Total loans	68,888	71,248
Residential real estate mortgage loans | Mortgage loans | Home equity | Pass
Loans by class categorized by internally assigned risk grades
Total loans	67,435	68,480
Residential real estate mortgage loans | Mortgage loans | Home equity | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	674	1,594
Residential real estate mortgage loans | Mortgage loans | Home equity | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	779	1,174
Residential real estate mortgage loans | Mortgage loans | Home equity | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Commercial, industrial and agricultural loans
Loans by class categorized by internally assigned risk grades
Total loans	667,949	645,724
Commercial, industrial and agricultural loans | Secured
Loans by class categorized by internally assigned risk grades
Total loans	160,808	168,540
Commercial, industrial and agricultural loans | Secured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	149,772	147,474
Commercial, industrial and agricultural loans | Secured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	1,227	5,536
Commercial, industrial and agricultural loans | Secured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	9,809	15,530
Commercial, industrial and agricultural loans | Secured | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Commercial, industrial and agricultural loans | Unsecured
Loans by class categorized by internally assigned risk grades
Total loans	507,141	477,184
Commercial, industrial and agricultural loans | Unsecured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	483,037	458,526
Commercial, industrial and agricultural loans | Unsecured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	11,852	12,886
Commercial, industrial and agricultural loans | Unsecured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	12,252	5,772
Commercial, industrial and agricultural loans | Unsecured | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Real estate construction and land loans
Loans by class categorized by internally assigned risk grades
Total loans	116,463	123,393
Real estate construction and land loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	116,047	123,089
Real estate construction and land loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Real estate construction and land loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	416	304
Real estate construction and land loans | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Installment/consumer loans
Loans by class categorized by internally assigned risk grades
Total loans	24,998	20,509
Installment/consumer loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	24,233	20,464
Installment/consumer loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	4	9
Installment/consumer loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	761	36
Installment/consumer loans | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	$ 0	$ 0

LOANS - Past Due and Nonaccrual

LOANS - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	$ 338	$ 308
Nonaccrual Including 90 Days or More Past Due	4,211	2,808
Total Past Due and Nonaccrual	10,535	7,516
Current	3,490,433	3,261,256
Total Loans	3,500,968	3,268,772
30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	4,544	3,780
60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,442	620
Commercial Real Estate | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	1,519,807	1,373,556
Commercial Real Estate | Mortgage loans | Owner occupied
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	231	253
Total Past Due and Nonaccrual	1,156	780
Current	528,327	509,618
Total Loans	529,483	510,398
Commercial Real Estate | Mortgage loans | Owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	729	333
Commercial Real Estate | Mortgage loans | Owner occupied | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	196	194
Commercial Real Estate | Mortgage loans | Non-owner occupied
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	512	885
Total Past Due and Nonaccrual	512	885
Current	989,812	862,273
Total Loans	990,324	863,158
Commercial Real Estate | Mortgage loans | Non-owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Commercial Real Estate | Mortgage loans | Non-owner occupied | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Multi-family | Mortgage loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	0	0
Total Past Due and Nonaccrual	0	0
Current	673,909	585,827
Total Loans	673,909	585,827
Multi-family | Mortgage loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Multi-family | Mortgage loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Residential real estate mortgage loans | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	497,842	519,763
Residential real estate mortgage loans | Mortgage loans | Residential mortgage
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	2,100	199
Total Past Due and Nonaccrual	5,346	1,321
Current	423,608	447,194
Total Loans	428,954	448,515
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	3,246	892
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	230
Residential real estate mortgage loans | Mortgage loans | Home equity
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	338	308
Nonaccrual Including 90 Days or More Past Due	368	624
Total Past Due and Nonaccrual	1,067	1,965
Current	67,821	69,283
Total Loans	68,888	71,248
Residential real estate mortgage loans | Mortgage loans | Home equity | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	61	1,033
Residential real estate mortgage loans | Mortgage loans | Home equity | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	300	0
Commercial, industrial and agricultural loans
Past Due and Nonaccrual Loans
Total Loans	667,949	645,724
Commercial, industrial and agricultural loans | Secured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	211	174
Total Past Due and Nonaccrual	543	700
Current	160,265	167,840
Total Loans	160,808	168,540
Commercial, industrial and agricultural loans | Secured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	330
Commercial, industrial and agricultural loans | Secured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	332	196
Commercial, industrial and agricultural loans | Unsecured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	652	621
Total Past Due and Nonaccrual	1,751	1,729
Current	505,390	475,455
Total Loans	507,141	477,184
Commercial, industrial and agricultural loans | Unsecured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	485	1,108
Commercial, industrial and agricultural loans | Unsecured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	614	0
Real estate construction and land loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	125	0
Total Past Due and Nonaccrual	125	0
Current	116,338	123,393
Total Loans	116,463	123,393
Real estate construction and land loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Real estate construction and land loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Installment/consumer loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	12	52
Total Past Due and Nonaccrual	35	136
Current	24,963	20,373
Total Loans	24,998	20,509
Installment/consumer loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	23	84
Installment/consumer loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	$ 0	$ 0

LOANS - Impaired Loans (Details

LOANS - Impaired Loans (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Dec. 31, 2018USD ($)loanproperty
Impaired loans
Loans modified as TDRs			$ 20,300
Recorded Investment
With no related allowance recorded	$ 20,734		20,734		$ 16,634
With an allowance recorded	11,975		11,975		2,721
Total impaired loans	32,709		32,709		19,355
Unpaid Principal Balance
With no related allowance recorded	20,753		20,753		16,644
With an allowance recorded	11,975		11,975		2,721
Total impaired loans	32,728		32,728		19,365
Related Allocated Allowance
With an allowance recorded	4,689		4,689		189
Total impaired loans	4,689		4,689		189
Average Recorded Investment
With no related allowance recorded	13,519	$ 15,260	9,333	$ 14,731
With an allowance recorded	8,982	0	6,751	0
Average recorded investment in impaired loans	22,501	15,260	16,084	14,731
Interest Income Recognized
With no related allowance recorded	183	109	388	307
With an allowance recorded	87	0	199	0
Total impaired loans	270	109	587	$ 307
Other real estate	0		$ 0		$ 175
Other real estate owned, number of properties | property					1
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | loan			3	0
Commercial Real Estate
Impaired loans
Loans modified as TDRs	7,400	900	$ 7,400	$ 900
Commercial Real Estate | Mortgage loans | Owner occupied
Recorded Investment
With no related allowance recorded	8,828		8,828		$ 268
With an allowance recorded	0		0		0
Total impaired loans	8,828		8,828		268
Unpaid Principal Balance
With no related allowance recorded	8,847		8,847		278
With an allowance recorded	0		0		0
Total impaired loans	8,847		8,847		278
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	3,095	268	1,196	151
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	3,095	268	1,196	151
Interest Income Recognized
With no related allowance recorded	28	0	28	0
With an allowance recorded	0	0	0	0
Total impaired loans	28	0	28	0
Commercial Real Estate | Mortgage loans | Non-owner occupied
Recorded Investment
With no related allowance recorded	2,332		2,332		2,816
With an allowance recorded	0		0		0
Total impaired loans	2,332		2,332		2,816
Unpaid Principal Balance
With no related allowance recorded	2,332		2,332		2,816
With an allowance recorded	0		0		0
Total impaired loans	2,332		2,332		2,816
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	2,344	1,763	2,096	1,366
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	2,344	1,763	2,096	1,366
Interest Income Recognized
With no related allowance recorded	25	10	75	18
With an allowance recorded	0	0	0	0
Total impaired loans	25	10	75	18
Residential real estate mortgage loans
Impaired loans
Loans modified as TDRs	300	600	300	600
Residential real estate mortgage loans | Mortgage loans | Residential mortgage
Recorded Investment
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Unpaid Principal Balance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	0	0	0	0
Interest Income Recognized
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Total impaired loans	0	0	0	0
Residential real estate mortgage loans | Mortgage loans | Home equity
Recorded Investment
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Unpaid Principal Balance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	0	0	0	0
Interest Income Recognized
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Total impaired loans	0	0	0	0
Commercial, industrial and agricultural loans
Impaired loans
Loans modified as TDRs	8,400		12,600	6,900
Commercial, industrial and agricultural loans | Secured
Recorded Investment
With no related allowance recorded	244		244		8,234
With an allowance recorded	9,643		9,643		2,721
Total impaired loans	9,887		9,887		10,955
Unpaid Principal Balance
With no related allowance recorded	244		244		8,234
With an allowance recorded	9,643		9,643		2,721
Total impaired loans	9,887		9,887		10,955
Related Allocated Allowance
With an allowance recorded	3,421		3,421		189
Total impaired loans	3,421		3,421		189
Average Recorded Investment
With no related allowance recorded	244	8,086	190	8,130
With an allowance recorded	6,642	0	5,044	0
Average recorded investment in impaired loans	6,886	8,086	5,234	8,130
Interest Income Recognized
With no related allowance recorded	5	57	11	171
With an allowance recorded	61	0	138	0
Total impaired loans	66	57	149	171
Commercial, industrial and agricultural loans | Unsecured
Recorded Investment
With no related allowance recorded	9,330		9,330		5,316
With an allowance recorded	2,332		2,332		0
Total impaired loans	11,662		11,662		5,316
Unpaid Principal Balance
With no related allowance recorded	9,330		9,330		5,316
With an allowance recorded	2,332		2,332		0
Total impaired loans	11,662		11,662		5,316
Related Allocated Allowance
With an allowance recorded	1,268		1,268
Total impaired loans	1,268		1,268
Average Recorded Investment
With no related allowance recorded	7,836	5,143	5,851	5,084
With an allowance recorded	2,340	0	1,707	0
Average recorded investment in impaired loans	10,176	5,143	7,558	5,084
Interest Income Recognized
With no related allowance recorded	125	42	274	118
With an allowance recorded	26	0	61	0
Total impaired loans	151	$ 42	335	$ 118
Taxi medallion loans
Impaired loans
Loans modified as TDRs			$ 2,500		$ 2,700
Interest Income Recognized
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | loan			2		3
Non-recurring basis
Recorded Investment
With an allowance recorded	12,000		$ 12,000		$ 2,700
Related Allocated Allowance
With an allowance recorded	4,700		4,700		200
Non-recurring basis | Carrying Amount
Related Allocated Allowance
With an allowance recorded	0		0
Interest Income Recognized
Other real estate					175
Non-recurring basis | Carrying Amount | Other real estate owned
Interest Income Recognized
Other real estate	$ 0		$ 0		$ 200

LOANS - Troubled Debt Restructu

LOANS - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Dec. 31, 2018USD ($)loan
Troubled Debt Restructurings
Modified loans | loan			3
Loans modified as TDRs			$ 20,300
Period of modified contractually past due loans to be considered as payment default			30 days
Charge offs relating to TDRs			$ 84	$ 0
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | loan			3	0
Nonaccrual TDRs loans	$ 436		$ 436		$ 133
Amount of current and performing TDR loans	31,000		31,000		16,900
Post-Modification of other than TDRs, recorded investment	$ 53,600		$ 53,600
Commercial Real Estate
Troubled Debt Restructurings
Modified loans | loan	2	1	2	1
Loans modified as TDRs	$ 7,400	$ 900	$ 7,400	$ 900
Residential real estate mortgage loans
Troubled Debt Restructurings
Modified loans | loan	1	1	1	1
Loans modified as TDRs	$ 300	$ 600	$ 300	$ 600
Commercial, industrial and agricultural loans
Troubled Debt Restructurings
Modified loans | loan	7		12	8
Loans modified as TDRs	$ 8,400		$ 12,600	$ 6,900
Taxi medallion loans
Troubled Debt Restructurings
Modified loans | loan	2		5
Loans modified as TDRs			$ 2,500		$ 2,700
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | loan			2		3

LOANS - Purchased Credit Impair

LOANS - Purchased Credit Impaired Loans (Details) - USD ($) $ in Millions	Jun. 19, 2015	Feb. 14, 2014	Sep. 30, 2019	Dec. 31, 2018
FNBNY
Acquired Loans
Contractually required principal and interest payments receivable		$ 40.3
Expected cash flows		28.4
Fair value (initial carrying amount) of purchased credit impaired loans		21.8
Non-accretable difference		11.9
Initial accretable yield		$ 6.6
Outstanding balance of purchased credit impaired loans			$ 0.4	$ 1.1
Carrying amount of purchased credit impaired loans			0.3	0.5
Remaining non-accretable difference			0.1	0.5
CNB
Acquired Loans
Contractually required principal and interest payments receivable	$ 23.4
Expected cash flows	10.1
Fair value (initial carrying amount) of purchased credit impaired loans	8.7
Non-accretable difference	13.3
Initial accretable yield	$ 1.4
Outstanding balance of purchased credit impaired loans			0.6	1.2
Carrying amount of purchased credit impaired loans			0	0.1
Remaining non-accretable difference			$ 0.5	$ 0.8

LOANS - Summary of Activity in

LOANS - Summary of Activity in the Accretable Yield for PCI Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Activity in the accretable yield for the PCI loans:
Balance at beginning of period	$ 96	$ 1,112	$ 460	$ 2,151
Accretion	(93)	(354)	(487)	(1,656)
Reclassification (to) from nonaccretable difference during the period	76	(172)	106	91
Accretable discount at end of period	$ 79	$ 586	$ 79	$ 586

ALLOWANCE FOR LOAN LOSSES - Bal

ALLOWANCE FOR LOAN LOSSES - Balances in Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Allowance for Loan Losses:
Individually evaluated for impairment	$ 4,689		$ 189
Collectively evaluated for impairment	27,484		31,229
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	32,173	$ 31,171	31,418	$ 31,869	$ 31,652	$ 31,707
Loans:
Individually evaluated for impairment	32,709		19,355
Collectively evaluated for impairment	3,467,921		3,248,885
Loans acquired with deteriorated credit quality	338		532
Total Loans	3,500,968		3,268,772
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	11,929		10,792
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	11,929	10,878	10,792	11,409	11,206	11,048
Loans:
Individually evaluated for impairment	11,160		3,084
Collectively evaluated for impairment	1,508,647		1,370,472
Loans acquired with deteriorated credit quality	0		0
Total Loans	1,519,807		1,373,556
Multi-family
Allowance for Loan Losses:
Total Allowance for Loan Losses	2,990		2,566	2,793		4,521
Multi-family | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	2,990		2,566
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	2,990	2,545	2,566	2,793	2,466
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	673,909		585,827
Loans acquired with deteriorated credit quality	0		0
Total Loans	673,909		585,827
Residential real estate mortgage loans
Allowance for Loan Losses:
Total Allowance for Loan Losses	1,908		3,935	4,443		2,438
Residential real estate mortgage loans | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1,908		3,935
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	1,908	2,620	3,935	4,443	4,237
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	497,504		519,455
Loans acquired with deteriorated credit quality	338		308
Total Loans	497,842		519,763
Commercial, industrial and agricultural loans
Allowance for Loan Losses:
Individually evaluated for impairment	4,689		189
Collectively evaluated for impairment	9,392		12,533
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	14,081	13,558	12,722	11,808	12,358	12,838
Loans:
Individually evaluated for impairment	21,549		16,271
Collectively evaluated for impairment	646,400		629,229
Loans acquired with deteriorated credit quality	0		224
Total Loans	667,949		645,724
Real estate construction and land loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	998		1,297
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	998	1,333	1,297	1,301	1,263	740
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	116,463		123,393
Loans acquired with deteriorated credit quality	0		0
Total Loans	116,463		123,393
Installment/consumer loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	267		106
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	267	$ 237	106	$ 115	$ 122	$ 122
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	24,998		20,509
Loans acquired with deteriorated credit quality	0		0
Total Loans	$ 24,998		$ 20,509

ALLOWANCE FOR LOAN LOSSES - Cha

ALLOWANCE FOR LOAN LOSSES - Changes in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Allowance for Loan Losses
Beginning balance	$ 31,171	$ 31,652	$ 31,418	$ 31,707
Charge-offs	(9)	(4)	(4,479)	(1,736)
Recoveries	11	21	134	498
Provision (Credit)	1,000	200	5,100	1,400
Ending balance	32,173	31,869	32,173	31,869
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	10,878	11,206	10,792	11,048
Charge-offs	0	0	(3,670)	0
Recoveries	0	0	0	0
Provision (Credit)	1,051	203	4,807	361
Ending balance	11,929	11,409	11,929	11,409
Multi-family
Allowance for Loan Losses
Beginning balance			2,566	4,521
Charge-offs			0	0
Recoveries			0	0
Provision (Credit)			424	(1,728)
Ending balance	2,990	2,793	2,990	2,793
Multi-family | Mortgage loans
Allowance for Loan Losses
Beginning balance	2,545	2,466	2,566
Charge-offs	0	0
Recoveries	0	0
Provision (Credit)	445	327
Ending balance	2,990	2,793	2,990	2,793
Residential real estate mortgage loans
Allowance for Loan Losses
Beginning balance			3,935	2,438
Charge-offs			0	(24)
Recoveries			112	2
Provision (Credit)			(2,139)	2,027
Ending balance	1,908	4,443	1,908	4,443
Residential real estate mortgage loans | Mortgage loans
Allowance for Loan Losses
Beginning balance	2,620	4,237	3,935
Charge-offs	0	0
Recoveries	1	1
Provision (Credit)	(713)	205
Ending balance	1,908	4,443	1,908	4,443
Commercial, industrial and agricultural loans
Allowance for Loan Losses
Beginning balance	13,558	12,358	12,722	12,838
Charge-offs	0	0	(796)	(1,708)
Recoveries	0	19	12	494
Provision (Credit)	523	(569)	2,143	184
Ending balance	14,081	11,808	14,081	11,808
Real estate construction and land loans
Allowance for Loan Losses
Beginning balance	1,333	1,263	1,297	740
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision (Credit)	(335)	38	(299)	561
Ending balance	998	1,301	998	1,301
Installment/consumer loans
Allowance for Loan Losses
Beginning balance	237	122	106	122
Charge-offs	(9)	(4)	(13)	(4)
Recoveries	10	1	10	2
Provision (Credit)	29	(4)	164	(5)
Ending balance	$ 267	$ 115	$ 267	$ 115

PENSION AND POSTRETIREMENT PL_2

PENSION AND POSTRETIREMENT PLANS Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Contribution to the plan	$ 0	$ 1,700
SERP Benefits
Defined Benefit Plan Disclosure [Line Items]
Contribution to the plan	0	0
Distribution from the plan	$ 84	$ 84

PENSION AND POSTRETIREMENT PL_3

PENSION AND POSTRETIREMENT PLANS - Components of Net Periodic Benefit Cost (Credit): (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pension Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$ 273	$ 325	$ 818	$ 975
Interest cost	225	198	675	593
Expected return on plan assets	(608)	(626)	(1,823)	(1,876)
Amortization of net loss	130	83	390	248
Amortization of prior service credit	(20)	(20)	(58)	(58)
Amortization of transition obligation	0	0	0	0
Net periodic benefit (credit) cost		(40)	2	(118)
SERP Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	65	73	196	218
Interest cost	37	32	110	95
Expected return on plan assets	0	0	0	0
Amortization of net loss	18	30	53	91
Amortization of prior service credit	0	0	0	0
Amortization of transition obligation	0	1	0	3
Net periodic benefit (credit) cost	$ 120	$ 136	$ 359	$ 407

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Securities sold under agreements to repurchase
Repurchase agreements	$ 956	$ 539
Carrying amount of U.S. GSE residential collateralized mortgage obligations and U.S. GSE residential mortgage-backed securities	2,200	$ 2,400
Maturing during the fourth quarter
Securities sold under agreements to repurchase
Repurchase agreements	$ 1,000
U.S. GSE residential collateralized mortgage obligations
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	17.00%	18.00%
U.S. GSE residential mortgage-backed securities
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	83.00%	82.00%

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES - Contractual Maturities and Weighted Average Interest Rates of FHLB Advances (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Contractual Maturity, Amount
Overnight	$ 47,000
2019	290,000	$ 240,433
Total FHLB advances	$ 337,000	$ 240,433
Weighted Average Rate
Overnight (as a percent)	2.10%
2019 (as a percent)	2.14%	2.72%
Weighted Average Rate for total FHLB advances (as a percent)	2.13%	2.72%

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES - Narrative (Details) - USD ($) $ in Billions	Sep. 30, 2019	Dec. 31, 2018
FEDERAL HOME LOAN BANK ADVANCES.
Advances collateralized amount	$ 1.4	$ 1.3
Maximum borrowing amount from FHLB term advances	$ 1.4

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 80,000
Subordinated debentures, net		$ 78,885	$ 78,781
Subordinated Debentures | Callable Notes After Five Years
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 40,000
Debt Instrument, Term		5 years
Fixed annual interest rate	5.25%
Debt instrument variable rate description	three-month LIBOR
Basis points	3.60%
Subordinated Debentures | Callable Notes After Ten Years
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 40,000
Debt Instrument, Term		10 years
Fixed annual interest rate	5.75%
Debt instrument variable rate description	three-month LIBOR
Basis points	3.45%

DERIVATIVES - Interest Rate Swa

DERIVATIVES - Interest Rate Swaps Designated as Cash Flow Hedges (Details) - Interest rate swaps - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Derivatives
Notional amounts	$ 290,000	$ 240,000
Weighted average pay rates (as a percent)	1.69%	1.84%
Weighted average receive rates (as a percent)	2.12%	2.77%
Weighted average maturity	3 years 1 month 28 days	2 years 11 days

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Derivative [Line Items]
Derivative liability position net	$ 0		$ 0
Derivative asset position net	21,400		21,400
Collateral received against obligations in net asset position	20,200		20,200
Collateral posted in net liability position	0		0
Interest rate swaps | Derivative designated as a cash flow hedge
Derivative [Line Items]
Notional amounts	290,000		290,000		$ 240,000
Interest rate swaps | Derivative designated as a cash flow hedge | Federal Home Loan Bank of New York
Derivative [Line Items]
Interest (income) expense on derivative	$ (331)	$ (374)	(1,400)	$ (653)
Reduction to interest expense			(1,400)
Reclassified estimated decrease in interest expense			$ 78

DERIVATIVES - Net Gains (Losses

DERIVATIVES - Net Gains (Losses) Relating to the Cash Flow Derivative Instruments (Details) - Amount Reclassified from Accumulated Other Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income
Interest rate contracts, Amount of (loss) gain recognized in OCI excluded component	$ 0	$ 0	$ 0	$ 0
Derivative designated as a cash flow hedge
Net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income
Interest rate contracts, Amount of gain reclassified from Accumulated OCI into income included component	331	374	1,353	653
Amount of gain reclassified from Accumulated OCI into income excluded component	0	0	0	0
Derivative designated as a cash flow hedge | Accumulated Other Comprehensive Loss
Net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income
Interest rate contracts, Amount of (loss) gain recognized in OCI included component	$ (657)	$ 584	$ (5,360)	$ 4,431

DERIVATIVES - Cash Flow Hedges

DERIVATIVES - Cash Flow Hedges included in the Consolidated Balance Sheets (Details) - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Interest rate swaps | Federal Home Loan Bank of New York | Forward contract
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 50,000	$ 0
Fair Value Asset	0	0
Fair Value Liability	(1,818)	0
Interest rate swaps related to FHLB advances
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	240,000	240,000
Fair Value Asset	595	4,239
Fair Value Liability	$ (1,439)	$ (4)

DERIVATIVES - Non-Designated He

DERIVATIVES - Non-Designated Hedges (Details) - Interest rate swaps - Non-Designated Hedges - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Derivatives
Notional amounts	$ 465,764	$ 193,401
Weighted average pay rates (as a percent)	4.06%	4.52%
Weighted average receive rates (as a percent)	4.06%	4.52%
Weighted average maturity	10 years 11 months 16 days	12 years 3 months
Fair value of combined interest rate swaps	$ 0	$ 0

LEASES (Details)

LEASES (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Lease cost
Operating lease cost	$ 1,679	$ 5,030
Sublease income	(32)	(71)
Total lease cost	$ 1,647	4,959
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases		5,180
Operating right-of-use assets obtained in exchange for lease liabilities		$ 39,825
Weighted-average remaining lease term-operating leases	8 years 1 month 6 days	8 years 1 month 6 days
Weighted-average discount rate-operating leases	3.41%	3.41%
Renewal options		true
Minimum
Lease cost
Renewal term	5 years	5 years
Maximum
Lease cost
Renewal term	10 years	10 years

LEASES - Maturities of operatin

LEASES - Maturities of operating lease liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Maturities of operating lease liabilities as of September 30, 2019
2019	$ 1,550
2020	6,046
2021	5,946
2022	5,742
2023	4,759
Thereafter	21,124
Total operating lease payments	45,167
Less: Interest	(6,103)
Present value of operating lease liabilities	$ 39,064
Maturities of operating lease liabilities as of December 31, 2018
2019		$ 7,248
2020		6,504
2021		6,185
2022		5,903
2023		4,695
Thereafter		18,687
Total operating lease payments		$ 49,222

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME - Components and Related Income Tax Effects (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME.
Unrealized holding gains (losses) on available for sale securities	$ 2,227	$ (4,319)	$ 16,247	$ (17,137)
Reclassification adjustment for losses (gains) realized in income			(201)	7,921
Income tax effect	(649)	1,256	(4,679)	2,681
Net change in unrealized gains (losses) on available for sale securities	1,578	(3,063)	11,367	(6,535)
Reclassification adjustment for amortization realized in income	128	94	385	284
Income tax effect	(37)	(27)	(113)	(82)
Net change in post-retirement obligation	91	67	272	202
Change in fair value of derivatives used for cash flow hedges	(657)	584	(5,360)	4,431
Reclassification adjustment for gains realized in income	(331)	(374)	(1,353)	(653)
Income tax effect	288	(61)	1,958	(1,099)
Net change in unrealized (losses) gains on cash flow hedges	(700)	149	(4,755)	2,679
Other comprehensive income (loss)	$ 969	$ (2,847)	$ 6,884	$ (3,654)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME - Summary of the Accumulated Other Comprehensive Loss Balances, Net of Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Unrealized (losses) gains on available for sale securities
Balance at the beginning of the period			$ 11,685
Current Period Change	$ 1,578	$ (3,063)	11,367	$ (6,535)
Balance at the end of the period	318		318
Unrealized (losses) gains on pension benefits
Balance at the beginning of the period			(6,365)
Current Period Change	91	67	272	202
Balance at the end of the period	(6,093)		(6,093)
Unrealized gains (losses) on cash flow hedges
Balance at the beginning of the period			2,938
Current Period Change	(700)	149	(4,755)	2,679
Balance at the end of the period	(1,817)		(1,817)
Accumulated other comprehensive (loss) gain, net of income taxes
Balance at the beginning of the period			(15,112)
Current Period Change	969	$ (2,847)	6,884	$ (3,654)
Balance at the end of the period	$ (8,228)		$ (8,228)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME - Reclassifications out of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Amounts Reclassified from AOCI
Interest expense	$ 9,639	$ 8,375	$ 30,666	$ 22,822
Income tax (expense) benefit	(3,852)	(1,381)	(10,126)	(6,263)
Net income	13,903	6,547	37,483	25,363
Amount Reclassified from Accumulated Other Comprehensive Income
Amounts Reclassified from AOCI
Total reclassifications, before income tax	203	280	1,169	(7,552)
Income tax (expense) benefit	(59)	(81)	(341)	2,197
Net income	144	199	828	(5,355)
Amount Reclassified from Accumulated Other Comprehensive Income | Realized (losses) gains on sale of available for sale securities | Net securities gains (losses)
Amounts Reclassified from AOCI
Net securities gains (losses)			201	(7,921)
Amount Reclassified from Accumulated Other Comprehensive Income | Prior service credit | Other operating expense
Amounts Reclassified from AOCI
Other operating expenses	20	20	58	58
Amount Reclassified from Accumulated Other Comprehensive Income | Transition obligation | Other operating expense
Amounts Reclassified from AOCI
Other operating expenses		(1)		(3)
Amount Reclassified from Accumulated Other Comprehensive Income | Actuarial losses | Other operating expense
Amounts Reclassified from AOCI
Other operating expenses	(148)	(113)	(443)	(339)
Amount Reclassified from Accumulated Other Comprehensive Income | Realized gains on cash flow hedges | Interest expense
Amounts Reclassified from AOCI
Interest expense	$ 331	$ 374	$ 1,353	$ 653

NET FRAUD LOSS (Details)

NET FRAUD LOSS (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
NET FRAUD LOSS
Net fraud loss	$ 9,500	$ 9,500

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS - ASU (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Leases
Operating lease right-of-use assets	$ 36,356
Operating Lease, Liability	$ 39,064
ASU 2016-02 | Measurement Period Adjustments
Leases
Operating lease right-of-use assets		$ 39,000
Operating Lease, Liability		$ 39,000