Dime Community Bancshares (DCOM) 10-K 11 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 28, 2020	Jun. 30, 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 484,470,967
Entity Common Stock, Shares Outstanding		19,842,716
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 77,693	$ 142,145
Interest-bearing deposits with banks	39,501	153,223
Total cash and cash equivalents	117,194	295,368
Securities available for sale, at fair value	638,291	680,886
Securities held to maturity (fair value of $135,027 and $156,792, respectively)	133,638	160,163
Total securities	771,929	841,049
Securities, restricted	32,879	24,028
Loans held for sale	12,643
Loans held for investment	3,680,285	3,275,811
Allowance for loan losses	(32,786)	(31,418)
Loans, net	3,647,499	3,244,393
Premises and equipment, net	34,062	35,008
Operating lease right-of-use assets	43,450
Accrued interest receivable	10,908	11,236
Goodwill	105,950	105,950
Other intangible assets	3,677	4,374
Prepaid pension	10,988	10,263
Bank owned life insurance	91,942	89,712
Other real estate owned		175
Other assets	38,399	39,188
Total assets	4,921,520	4,700,744
Liabilities
Demand deposits	1,518,958	1,448,605
Savings, NOW and money market deposits	1,987,712	2,108,297
Certificates of deposit of $100,000 or more	214,093	207,087
Other time deposits	93,884	122,404
Total deposits	3,814,647	3,886,393
Repurchase agreements	999	539
Federal Home Loan Bank ("FHLB") advances	435,000	240,433
Subordinated debentures, net	78,920	78,781
Operating lease liabilities	45,977
Other liabilities and accrued expenses	48,823	40,768
Total liabilities	4,424,366	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; 19,898,022 and 19,815,680 shares issued, respectively; and 19,836,797 and 19,790,884 shares outstanding, respectively)	199	198
Surplus	356,436	352,093
Retained earnings	150,703	117,432
Treasury stock at cost, 61,225 and 24,796 shares, respectively	(1,843)	(781)
Total stockholders' equity before accumulated other comprehensive income (loss)	505,495	468,942
Accumulated other comprehensive loss, net of income taxes	(8,341)	(15,112)
Total stockholders' equity	497,154	453,830
Total liabilities and stockholders' equity	$ 4,921,520	$ 4,700,744

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Securities held to maturity, fair value (in dollars)	$ 135,027	$ 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	19,898,022	19,815,680
Common stock, shares outstanding	19,836,797	19,790,884
Treasury Stock, shares	61,225	24,796

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest income:
Loans (including fee income)	$ 158,228	$ 144,380	$ 126,420
Mortgage-backed securities, CMOs and other asset-backed securities	16,182	16,591	15,231
U.S. GSE securities	465	837	1,198
State and municipal obligations	2,234	2,812	3,788
Corporate bonds	1,200	1,422	1,233
Deposits with banks	1,697	1,076	278
Other interest and dividend income	1,535	1,866	1,701
Total interest income	181,541	168,984	149,849
Interest expense:
Savings, NOW and money market deposits	23,687	15,928	7,858
Certificates of deposit of $100,000 or more	4,270	3,007	1,843
Other time deposits	1,502	1,801	725
Federal funds purchased and repurchase agreements	767	1,200	1,571
FHLB advances	4,573	5,729	6,105
Subordinated debentures	4,539	4,539	4,539
Junior subordinated debentures			48
Total interest expense	39,338	32,204	22,689
Net interest income	142,203	136,780	127,160
Provision for loan losses	5,700	1,800	14,050
Net interest income after provision for loan losses	136,503	134,980	113,110
Non-interest income:
Service charges and other fees	10,059	9,853	8,996
Net securities gains (losses)	201	(7,921)	38
Title fees	1,720	1,797	2,394
Gain on sale of Small Business Administration ("SBA") loans	1,984	2,078	1,689
Bank owned life insurance	2,230	2,219	2,250
Loan swap fees	7,460	716	1,008
Other	1,733	2,826	1,727
Total non-interest income	25,387	11,568	18,102
Non-interest expense:
Salaries and employee benefits	56,244	50,458	46,560
Occupancy and equipment	14,372	13,245	13,998
Technology and communications	7,905	6,465	5,753
Marketing and advertising	4,740	4,597	4,742
Professional services	3,797	4,004	3,153
FDIC assessments	608	1,665	1,310
Net fraud loss		8,900
Office relocation costs		750
Restructuring Costs			8,020
Amortization of other intangible assets	787	917	1,047
Other	7,686	7,179	7,144
Total non-interest expense	96,139	98,180	91,727
Income before income taxes	65,751	48,368	39,485
Income tax expense	14,060	9,141	18,946
Net income	$ 51,691	$ 39,227	$ 20,539
Basic earnings per share (in dollars per share)	$ 2.59	$ 1.97	$ 1.04
Diluted earnings per share (in dollars per share)	$ 2.59	$ 1.97	$ 1.04

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 51,691	$ 39,227	$ 20,539
Other comprehensive income (loss):
Change in unrealized net gains (losses) on securities available for sale, net of reclassifications and deferred income taxes	10,856	(348)	(505)
Adjustment to pension liability, net of reclassifications and deferred income taxes	(410)	(832)	193
Unrealized (losses) gains on cash flow hedges, net of reclassifications and deferred income taxes	(3,675)	1,007	1,089
Total other comprehensive income (loss)	6,771	(173)	777
Comprehensive income	$ 58,462	$ 39,054	$ 21,316

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Surplus	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2016	$ 191	$ 329,427	$ 91,594	$ (161)	$ (13,064)	$ 407,987
Increase (Decrease) in Stockholders' Equity
Net income			20,539			20,539
Shares issued under the dividend reinvestment plan (“DRP”)		951				951
Stock awards granted and distributed	1	(434)		433
Stock awards forfeited		218		(218)
Repurchase of surrendered stock from vesting of stock plans				(350)		(350)
Share based compensation expense		2,585				2,585
Cash dividend declared, $0.92 per share			(18,238)			(18,238)
Shares issued for trust preferred securities conversions (529,292 shares at December 31, 2017)	5	14,944				14,949
Impact of Tax Cuts and Jobs Act related to accumulated other comprehensive income reclassification			(2,652)		2,652
Other comprehensive income (loss), net of deferred income taxes					777	777
Balance at Dec. 31, 2017	197	347,691	96,547	(296)	(14,939)	429,200
Increase (Decrease) in Stockholders' Equity
Net income			39,227			39,227
Shares issued under the dividend reinvestment plan (“DRP”)		954				954
Shares issued under the Employee Stock Purchase Plan		63				63
Stock awards granted and distributed	1	(539)		538
Stock awards forfeited		437		(437)
Repurchase of surrendered stock from vesting of stock plans				(586)		(586)
Share based compensation expense		3,487				3,487
Cash dividend declared, $0.92 per share			(18,342)			(18,342)
Other comprehensive income (loss), net of deferred income taxes					(173)	(173)
Balance at Dec. 31, 2018	198	352,093	117,432	(781)	(15,112)	453,830
Increase (Decrease) in Stockholders' Equity
Net income			51,691			51,691
Shares issued under the dividend reinvestment plan (“DRP”)		867				867
Shares issued under the Employee Stock Purchase Plan		235				235
Purchase of treasury stock				(625)		(625)
Stock awards granted and distributed	1	(988)		987
Stock awards forfeited		555		(555)
Repurchase of surrendered stock from vesting of stock plans		(18)		(869)		(887)
Share based compensation expense		3,692				3,692
Cash dividend declared, $0.92 per share			(18,420)			(18,420)
Other comprehensive income (loss), net of deferred income taxes					6,771	6,771
Balance at Dec. 31, 2019	$ 199	$ 356,436	$ 150,703	$ (1,843)	$ (8,341)	$ 497,154

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Shares issued under the dividend reinvestment plan (“DRP”) (in shares)	24,529	25,154	24,981
Shares issued for trust preferred securities conversions (in shares)			529,292
Shares issued under the Employee Stock Purchase Plan ("ESPP"), net of offering costs (in shares)	7,888	3,758
Purchase of treasury stock (in shares)	22,600
Stock awards granted and distributed (in shares)	82,210	84,910	72,979
Stock awards forfeited (in shares)	19,531	15,225	8,213
Repurchase of surrendered stock from vesting of stock plans	26,583	17,073	10,068
Cash dividend declared (in dollars per share)	$ 0.92	$ 0.92	$ 0.92

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 51,691	$ 39,227	$ 20,539
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	5,700	1,800	14,050
Depreciation and amortization of premises and equipment	4,253	3,822	3,827
Net (accretion) and other amortization	(1,375)	(2,093)	(7,936)
Net amortization on securities	4,365	4,009	6,361
Increase in cash surrender value of bank owned life insurance	(2,230)	(2,219)	(2,250)
Amortization of intangible assets	787	917	1,047
Share based compensation expense	3,692	3,487	2,585
Net securities (gains) losses	(201)	7,921	(38)
Decrease (increase) in accrued interest receivable	328	416	(1,419)
SBA loans originated for sale	(27,419)	(28,340)	(18,596)
Proceeds from sale of the guaranteed portion of SBA loans	29,922	30,898	20,667
Gain on sale of the guaranteed portion of SBA loans	(1,984)	(2,078)	(1,689)
(Gain) loss on sale of loans		(441)	58
Decrease (increase) in other assets	3,942	(2,373)	5,426
(Decrease) increase in accrued expenses and other liabilities	(1,509)	3,430	4,194
Net cash provided by operating activities	69,962	58,383	46,826
Cash flows from investing activities:
Purchases of securities available for sale	(141,297)	(255,746)	(116,956)
Purchases of securities, restricted	(97,206)	(505,272)	(654,017)
Purchases of securities held to maturity		(1,000)	(4,128)
Proceeds from sales of securities available for sale	46,478	230,372	52,367
Redemption of securities, restricted	88,355	516,593	653,411
Maturities, calls and principal payments of securities available for sale	149,456	92,818	118,092
Maturities, calls and principal payments of securities held to maturity	25,642	20,851	45,334
Net increase in loans	(421,024)	(213,973)	(526,989)
Proceeds from loan sale		40,133	23,171
Proceeds from sales of other real estate owned ("OREO"), net	297
Purchase of premises and equipment	(3,307)	(5,325)	(2,069)
Net cash used in investing activities	(352,606)	(80,549)	(411,784)
Cash flows from financing activities:
Net (decrease) increase in deposits	(71,728)	551,891	408,597
Net decrease in federal funds purchased		(50,000)	(50,000)
Net increase (decrease) in FHLB advances	194,568	(260,855)	5,056
Repayment of junior subordinated debentures			(352)
Net increase (decrease) in repurchase agreements	460	(338)	203
Net proceeds from issuance of common stock	1,102	1,017	951
Purchase of treasury stock	(625)
Repurchase of surrendered stock from vesting of stock plans	(887)	(586)	(350)
Cash dividends paid	(18,420)	(18,342)	(18,238)
Net cash used in financing activities	104,470	222,787	345,867
Net (decrease) increase in cash and cash equivalents	(178,174)	200,621	(19,091)
Cash and cash equivalents at beginning of period	295,368	94,747	113,838
Cash and cash equivalents at end of period	117,194	295,368	94,747
Cash paid for:
Interest	39,395	32,254	22,917
Income taxes	9,158	2,474	8,445
Non-cash investing and financing activities:
Transfers from portfolio loans to loans held for sale	$ 12,643
Conversion of junior subordinated debentures			$ 15,350
Transfers from portfolio loans to other real estate owned		$ 175

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Principles of Consolidation The consolidated financial statements include Bridge Bancorp, Inc. (the “Holding Company”), a bank holding company incorporated under the laws of the State of New York, and its wholly-owned subsidiary, BNB Bank (the “Bank”), together referred to as “the Company.” 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”). Intercompany transactions and balances are eliminated in consolidation. The Company provides financial services through its branches in its primary market areas of Suffolk and Nassau Counties on Long Island and the New York City boroughs. The Bank’s primary deposit products are time, savings and demand deposits from the consumers, businesses and local municipalities in its market area. Its primary lending products are commercial real estate, multi-family, commercial and industrial, and residential mortgage loans. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the area. The audited consolidated financial statements presented in this Annual Report on Form 10-K 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 financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and general practices within the financial institution industry. The following is a description of the significant accounting policies that the Company follows in preparing its consolidated financial statements. Use of Estimates The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual future results could differ. Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, interest- earning deposits with banks, and federal funds sold, which mature overnight. Net cash flows are reported for customer loan and deposit transactions, federal funds purchased, FHLB advances, and repurchase agreements. Securities Debt securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Equity securities are carried at fair value, with changes in fair value reported in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting in observable price changes in orderly transactions for the identical or a similar investment. On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2016-01 , Financial Instruments , which requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The adoption of this guidance resulted in no change to the Company’s consolidated financial statements. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the near-term prospects of the issuer. Management also assesses whether it intends to sell, or is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet these criteria, the amount of impairment is split into two components as follows: (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. 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. Securities, Restricted Securities, restricted represents FHLB, Federal Reserve Bank (“FRB”) and bankers’ banks stock, which are reported at cost. The Bank is a member of the FHLB system. 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. FHLB stock is periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. Loans Held for Sale Loans held for sale are carried at the lower of aggregate cost or estimated fair value. Any subsequent declines in fair value below the initial carrying value are recorded as a valuation allowance, which is established through a charge to earnings. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal amount outstanding, net of partial charge-offs, deferred origination costs and fees and purchase premiums and discounts. Loan origination and commitment fees and certain direct and indirect costs incurred in connection with loan originations are deferred and amortized to income over the life of the related loans as an adjustment to yield. When a loan prepays, the remaining unamortized net deferred origination fees or costs are recognized in the current year. Interest on loans is credited to income based on the principal outstanding during the period. Past due status is based on the contractual terms of the loan. Loans that are 90 days past due are automatically placed on non-accrual and previously accrued interest is reversed and charged against interest income. However, if the loan is in the process of collection and the Bank has reasonable assurance that the loan will be fully collectable based upon an individual loan evaluation assessing such factors as collateral and collectability, accrued interest will be recognized as earned. If a payment is received when a loan is non-accrual or a troubled debt restructuring loan is non-accrual, the payment is applied to the principal balance. A troubled debt restructured loan performing in accordance with its modified terms is maintained on accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status and the probability of collecting scheduled principal and interest payments when due. Loans for which the terms have been modified as a concession to the borrower due to the borrower experiencing financial difficulties are considered troubled debt restructurings and are classified as impaired. Loans considered to be troubled debt restructurings can be categorized as non-accrual or performing. The impairment of a loan is measured at the present value of expected future cash flows using the loan’s effective interest rate, or at the loan’s observable market price or the fair value of the collateral less costs to sell if the loan is collateral dependent. Loans that experience minor payment delays and payment shortfalls generally are not classified as impaired. Non-residential real estate loans over $200,000 and residential real estate loans over $1.0 million are individually evaluated for impairment. Smaller balance loans may also be individually evaluated for impairment if they are part of a larger impaired relationship. Loans with balances below the aforementioned thresholds are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. Loans that were acquired through the acquisition of Community National Bank (“CNB”) on June 19, 2015 and First National Bank of New York (“FNBNY”) on February 14, 2014, were initially recorded at fair value with no carryover of the related allowance for loan losses. After acquisition, losses are recognized through the allowance for loan losses. Determining fair value of the loans involves estimating the amount and timing of expected principal and interest cash flows to be collected on the loans and discounting those cash flows at a market interest rate. Some of the loans at the time of acquisition showed evidence of credit deterioration since origination. These loans are considered purchased credit impaired (“PCI”) loans. For PCI loans, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the non-accretable discount. The non-accretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent increases to the expected cash flows result in the reversal of a corresponding amount of the non-accretable discount, which is then reclassified as accretable discount and recognized into interest income over the remaining life of the loan using the interest method. Subsequent decreases to the expected cash flows require management to evaluate the need for an addition to the allowance for loan losses. PCI loans that were non-accrual prior to acquisition may be considered performing upon acquisition, regardless of whether the customer is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be non-accrual or non-performing and may accrue interest on these loans, including the impact of any accretable discount. Unless otherwise noted, the above policy is applied consistently to all loan classes. Allowance for Loan Losses The allowance for loan losses is established and maintained through a provision for loan losses based on probable incurred losses in our loan portfolio. Management evaluates the adequacy of the allowance on a quarterly basis. The allowance is comprised of both individual valuation allowances and loan pool valuation allowances. Management monitors its entire loan portfolio regularly, with consideration given to detailed analysis of classified loans, repayment patterns, probable incurred losses, past loss experience, current economic conditions, and various types of concentrations of credit. Additions to the allowance are charged to expense and realized losses, net of recoveries, are charged against the allowance. Individual valuation allowances are established in connection with specific loan reviews and the asset classification process including the procedures for impairment testing under Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) 310, “Receivables”. Such valuation, which includes a review of loans for which full collectability in accordance with contractual terms is not reasonably assured, considers the estimated fair value of the underlying collateral less the costs to sell, if any, or the present value of expected future cash flows, or the loan’s observable market value. Any shortfall that exists from this analysis results in a specific allowance for the loan. Pursuant to the Company’s policy, loan losses must be charged-off in the period the loans, or portions thereof, are deemed uncollectable. Assumptions and judgments by management, in conjunction with outside sources, are used to determine whether full collectability of a loan is not reasonably assured. These assumptions and judgments are also used to determine the estimates of the fair value of the underlying collateral or the present value of expected future cash flows or the loan’s observable market value. Individual valuation allowances could differ materially as a result of changes in these assumptions and judgments. Individual loan analyses are periodically performed on specific loans considered impaired. The results of the individual valuation allowances are aggregated and included in the overall allowance for loan losses. Loan pool valuation allowances represent loss allowances that have been established to recognize the inherent risks associated with the Bank’s lending activities, but which, unlike individual allowances, have not been allocated to particular problem assets. Pool evaluations are broken down into loans with homogenous characteristics by loan type and include commercial real estate mortgages, owner and non-owner occupied; multi-family mortgage loans; home equity loans; residential real estate mortgages; commercial, industrial and agricultural loans, secured and unsecured; real estate construction and land loans; and consumer loans. Management considers a variety of factors in determining the adequacy of the valuation allowance and has developed a range of valuation allowances necessary to adequately provide for probable incurred losses in each pool of loans. Management considers the Bank’s charge-off history along with the growth in the portfolio as well as the Bank’s credit administration and asset management philosophies and procedures when determining the allowances for each pool. In addition, management evaluates and considers credit risk ratings, which includes management’s evaluation of: cash flow, collateral, guarantor support, financial disclosures, industry trends and strength of borrowers’ management, the impact that economic and market conditions may have on the portfolio as well as known and inherent risks in the portfolio. Finally, management evaluates and considers the allowance ratios and coverage percentages of both peer group and regulatory agency data. These evaluations are inherently subjective because, even though they are based on objective data, it is management’s interpretation of that data that determines the amount of the appropriate allowance. If the evaluations prove to be incorrect, the allowance for loan losses may not be sufficient to cover losses inherent in the loan portfolio, resulting in additions to the allowance for loan losses. For PCI loans, a valuation allowance is established when it is probable that the Bank will be unable to collect all the cash flows expected at acquisition plus additional cash flows expected to be collected arising from changes in estimate after acquisition. A specific allowance is established when subsequent evaluations of expected cash flows from PCI loans reflect a decrease in those estimates. The allowance established represents the excess of the recorded investment in those loans over the present value of the currently estimated future cash flow, discounted at the last effective accounting yield. The Bank uses assumptions and methodologies that are relevant to estimating the level of impairment and probable losses in the loan portfolio. To the extent that the data supporting such assumptions has limitations, management’s judgment and experience play a key role in recording the allowance estimates. Additions to the allowance for loan losses are made by provisions charged to earnings. Furthermore, an improvement in the expected cash flows related to PCI loans would result in a reduction of the required specific allowance with a corresponding credit to the provision. Future additions or reductions to the allowance may be necessary based on changes in economic, market or other conditions. Changes in estimates could result in a material change in the allowance. In addition, various regulatory agencies, as an integral part of the examination process, periodically review the allowance for loan losses. Such agencies may require the Bank to recognize adjustments to the allowance based on their judgments of the information available to them at the time of their examination. A loan is considered a potential charge-off when it is in default of either principal or interest for a period of 90, 120 or 180 days, depending upon the loan type, as of the end of the prior month. In addition to delinquency criteria, other triggering events may include, but are not limited to, notice of bankruptcy by the borrower or guarantor, death of the borrower, and deficiency balance from the sale of collateral. Unless otherwise noted, the above policy is applied consistently to all loan portfolio segments. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Buildings and related components are depreciated using the straight-line method with a useful life of fifty years for buildings and a range of two to ten years for equipment, computer hardware and software, and furniture and fixtures. Leasehold improvements are amortized over the lives of the respective leases or the service lives of the improvements, whichever is shorter. Land is carried at cost. Improvements and major repairs are capitalized, while the cost of ordinary maintenance, repairs and minor improvements are charged to expense. Bank-Owned Life Insurance The Bank is the owner and beneficiary of life insurance policies on certain employees. Bank-owned life insurance (“BOLI”) is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Other Real Estate Owned Real estate properties acquired through, or in lieu of, foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. Goodwill and Other Intangible Assets Goodwill resulting from business combinations is generally determined as the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and indefinite-lived intangible assets are not amortized, but tested for impairment at least annually, or more frequently if events and circumstances exist that indicate the carrying amount of the asset may be impaired. The Company has selected November 30 as the date to perform the annual impairment test. Goodwill and the BNB Bank trademark are intangible assets with indefinite lives on the Company’s balance sheet. Other intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible assets are amortized on an accelerated method over their estimated useful lives of ten years. Other intangible assets also include servicing rights, which result from the sale of Small Business Administration (“SBA”) loans with servicing rights retained. Servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. Servicing assets are subsequently measured using the amortization method, which requires servicing rights to be amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as unused lines of credit, commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded on the balance sheet when they are funded. Derivatives The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income (“OCI”) and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods in which the hedged transactions will affect earnings. Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. It is management’s position, as currently supported by the facts and circumstances, that no valuation allowance is necessary against any of the Company’s deferred tax assets. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. There are no such tax positions in the Company’s financial statements at December 31, 2019 and 2018. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company did not have any amounts accrued for interest and penalties at December 31, 2019 and 2018. Treasury Stock Repurchases of common stock are recorded as treasury stock at cost. Treasury stock is reissued using the first in, first out method. Earnings Per Share (“EPS”) Basic EPS is net income attributable to common shareholders divided by the weighted average number of common shares outstanding during the period. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for this calculation. Diluted EPS includes the dilutive effect of additional potential common shares issuable under stock options. Dividend Restriction Cash available for distribution of dividends to stockholders of the Company is primarily derived from cash and cash equivalents of the Company and dividends paid by the Bank to the Company. Prior regulatory approval is required if the total of all dividends declared by the Bank in any calendar year exceeds the total of the Bank’s net income of that year combined with its retained net income of the preceding two years. Dividends from the Bank to the Company at January 1, 2020 are limited to $58.7 million, which represents the Bank’s net retained earnings from the previous two years. During 2019, the Bank paid $24.5 million in cash dividends to the Company. Segment Reporting While management monitors the revenue streams of the various products and services, the identifiable segments are not material and operations are managed and financial performance is evaluated on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. Stock-Based Compensation Compensation cost is recognized for stock options, restricted stock awards (“RSAs”), and restricted stock units (“RSUs”) issued to employees and independent directors, based on the fair value of these awards at the date of the grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used to estimate the fair value for RSAs and RSUs. Compensation cost is recognized as expense over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur. Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on available for sale securities, unrealized gains and losses on cash flow hedges, and changes in the funded status of the pension plan, which are also recognized as separate components of equity. Reclassifications Certain reclassifications have been made to prior year amounts to conform to the current year presentation. 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 7. “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, the FASB issued guidance to replace the incurred loss methodology with an expected loss methodology, which is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and 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 in

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2019
SECURITIES.
SECURITIES	2. SECURITIES The following table summarizes the amortized cost and estimated fair value of the available for sale and held to maturity investment securities portfolio and the corresponding amounts of gross unrealized gains and losses therein: December 31, 2019 2018 Gross Gross Estimated Gross Gross Estimated Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Cost Gains Losses Value Available for sale: U.S. Treasury securities $ 50,833 $ — $ (11) $ 50,822 $ — $ — $ — $ — U.S. GSE securities 5,000 — (5) 4,995 29,997 — (947) 29,050 State and municipal obligations 34,303 704 (43) 34,964 40,980 105 (354) 40,731 U.S. GSE residential mortgage-backed securities 84,550 609 (468) 84,691 96,536 38 (3,036) 93,538 U.S. GSE residential collateralized mortgage obligations 278,149 1,166 (1,464) 277,851 362,905 826 (5,954) 357,777 U.S. GSE commercial mortgage-backed securities 13,656 23 (70) 13,609 3,536 — (28) 3,508 U.S. GSE commercial collateralized mortgage obligations 102,722 1,723 (289) 104,156 93,177 — (2,539) 90,638 Other asset-backed securities 24,250 — (849) 23,401 24,250 — (1,031) 23,219 Corporate bonds 46,000 — (2,198) 43,802 46,000 — (3,575) 42,425 Total available for sale 639,463 4,225 (5,397) 638,291 697,381 969 (17,464) 680,886 Held to maturity: State and municipal obligations 41,008 809 — 41,817 53,540 290 (276) 53,554 U.S. GSE residential mortgage-backed securities 8,142 5 (54) 8,093 9,688 — (336) 9,352 U.S. GSE residential collateralized mortgage obligations 39,936 624 (62) 40,498 48,244 163 (1,130) 47,277 U.S. GSE commercial mortgage-backed securities 17,215 102 (82) 17,235 19,098 4 (620) 18,482 U.S. GSE commercial collateralized mortgage obligations 27,337 191 (144) 27,384 29,593 — (1,466) 28,127 Total held to maturity 133,638 1,731 (342) 135,027 160,163 457 (3,828) 156,792 Total securities $ 773,101 $ 5,956 $ (5,739) $ 773,318 $ 857,544 $ 1,426 $ (21,292) $ 837,678 The following table summarizes securities with gross unrealized losses at December 31, 2019 and 2018, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position: December 31, 2019 2018 Less than 12 months Greater than 12 months Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses Value Losses Available for sale: U.S. Treasury securities $ 50,822 $ (11) $ — $ — $ — $ — $ — $ — U.S. GSE securities — — 4,995 (5) — — 29,050 (947) State and municipal obligations 4,982 (42) 76 (1) 6,655 (15) 21,273 (339) U.S. GSE residential mortgage-backed securities 2,935 (30) 39,617 (438) — — 88,762 (3,036) U.S. GSE residential collateralized mortgage obligations 81,377 (480) 93,403 (984) 46,452 (141) 172,468 (5,813) U.S. GSE commercial mortgage-backed securities 6,648 (70) — — — — 3,508 (28) U.S. GSE commercial collateralized mortgage obligations 28,710 (145) 9,614 (144) 46,705 (623) 43,933 (1,916) Other asset-backed securities — — 23,401 (849) — — 23,219 (1,031) Corporate bonds — — 43,802 (2,198) — — 42,425 (3,575) Total available for sale $ 175,474 $ (778) $ 214,908 $ (4,619) $ 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 — — 7,268 (54) — — 9,352 (336) U.S. GSE residential collateralized mortgage obligations 6,750 (17) 6,105 (45) — — 40,665 (1,130) U.S. GSE commercial mortgage-backed securities — — 5,034 (82) — — 16,205 (620) U.S. GSE commercial collateralized mortgage obligations 13,038 (57) 4,300 (87) — — 28,127 (1,466) Total held to maturity $ 19,788 $ (74) $ 22,707 $ (268) $ 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, “Investments - Debt and Equity Securities” (“ASC 320”). 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. 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 December 31, 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 were 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 December 31, 2019. The following table sets forth the estimated fair value, amortized cost and contractual maturities of the securities portfolio at December 31, 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. December 31, 2019 Within After One but After Five but After One Year Within Five Years Within Ten Years Ten Years Total Estimated Estimated Estimated Estimated Estimated Fair Amortized Fair Amortized Fair Amortized Fair Amortized Fair Amortized (In thousands) Value Cost Value Cost Value Cost Value Cost Value Cost Available for sale: U.S. Treasury securities $ 50,822 $ 50,833 $ — $ — $ — $ — $ — $ — $ 50,822 $ 50,833 U.S. GSE securities — — 4,995 5,000 — — — — 4,995 5,000 State and municipal obligations 1,143 1,142 14,829 14,620 16,540 16,088 2,452 2,453 34,964 34,303 U.S. GSE residential mortgage-backed securities — — — — — — 84,691 84,550 84,691 84,550 U.S. GSE residential collateralized mortgage obligations — — — — — — 277,851 278,149 277,851 278,149 U.S. GSE commercial mortgage-backed securities — — 8,761 8,753 4,848 4,903 — — 13,609 13,656 U.S. GSE commercial collateralized mortgage obligations — — — — — — 104,156 102,722 104,156 102,722 Other asset backed securities — — — — — — 23,401 24,250 23,401 24,250 Corporate bonds — — 14,538 15,000 29,264 31,000 — — 43,802 46,000 Total available for sale 51,965 51,975 43,123 43,373 50,652 51,991 492,551 492,124 638,291 639,463 Held to maturity: State and municipal obligations 8,838 8,827 23,382 22,902 9,444 9,129 153 150 41,817 41,008 U.S. GSE residential mortgage-backed securities — — — — 5,919 5,947 2,174 2,195 8,093 8,142 U.S. GSE residential collateralized mortgage obligations — — — — 3,865 3,871 36,633 36,065 40,498 39,936 U.S. GSE commercial mortgage-backed securities — — 4,824 4,776 4,835 4,805 7,576 7,634 17,235 17,215 U.S. GSE commercial collateralized mortgage obligations — — 387 392 — — 26,997 26,945 27,384 27,337 Total held to maturity 8,838 8,827 28,593 28,070 24,063 23,752 73,533 72,989 135,027 133,638 Total securities $ 60,803 $ 60,802 $ 71,716 $ 71,443 $ 74,715 $ 75,743 $ 566,084 $ 565,113 $ 773,318 $ 773,101 Sales and Calls of Securities There were $46.5 million of proceeds on sales of available for sale securities with gross gains of approximately $0.2 million realized in 2019. There were $230.4 million of proceeds on sales of available for sale securities with gross losses of approximately $7.9 million realized in 2018. There were $52.4 million of proceeds on sales of available for sale securities with gross gains of approximately $0.3 million and gross losses of approximately $0.3 million realized in 2017. There were $20.3 million and $3.3 million of proceeds from calls of securities in 2019 and 2018, respectively. Pledged Securities Securities having a fair value of $402.2 million and $354.3 million at December 31, 2019 and 2018, respectively, were pledged to secure public deposits and FHLB and FRB overnight borrowings. Trading Securities The Company did not hold any trading securities during the years ended December 31, 2019 and 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 $32.9 million and $24.0 million in FHLB, ACBB and FRB stock at December 31, 2019 and 2018, respectively. These amounts were reported as restricted securities in the consolidated balance sheets. As of December 31, 2019 and 2018, there was no issuer, other than the U.S. Government and its sponsored entities, where the Bank had invested holdings that exceeded 10% of consolidated stockholders’ equity.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2019
FAIR VALUE.
FAIR VALUE	3. FAIR VALUE The Company adopted 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 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: December 31, 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. Treasury securities $ 50,822 $ 50,822 U.S. GSE securities 4,995 4,995 State and municipal obligations 34,964 34,964 U.S. GSE residential mortgage-backed securities 84,691 84,691 U.S. GSE residential collateralized mortgage obligations 277,851 277,851 U.S. GSE commercial mortgage-backed securities 13,609 13,609 U.S. GSE commercial collateralized mortgage obligations 104,156 104,156 Other asset-backed securities 23,401 23,401 Corporate bonds 43,802 43,802 Total available for sale securities $ 638,291 $ 638,291 Derivatives $ 15,437 $ 15,437 Financial liabilities: Derivatives $ 16,645 $ 16,645 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: December 31, 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 $ 6,981 $ 6,981 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 December 31, 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 December 31, 2019 had a carrying amount of $7.0 million, which is made up of the outstanding balance of $11.7 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 December 31, 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. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s expertise and knowledge of the borrower and its business. These valuation methods result in a Level 3 classification. 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 non-recurring basis. The following tables summarize the estimated fair values and recorded carrying amounts of the Company’s financial instruments at December 31, 2019 and 2018: December 31, 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 $ 77,693 $ 77,693 $ — $ — $ 77,693 Interest-bearing deposits with banks 39,501 39,501 — — 39,501 Securities available for sale 638,291 — 638,291 — 638,291 Securities restricted 32,879 n/a n/a n/a n/a Securities held to maturity 133,638 — 135,027 — 135,027 Loans held for sale 12,643 — — 12,643 12,643 Loans, net 3,647,499 — — 3,685,770 3,685,770 Derivatives 15,437 — 15,437 — 15,437 Accrued interest receivable 10,908 — 2,181 8,727 10,908 Financial liabilities: Certificates of deposit 307,977 — 308,660 — 308,660 Demand and other deposits 3,506,670 3,506,670 — — 3,506,670 FHLB advances 435,000 195,000 239,622 — 434,622 Repurchase agreements 999 — 999 — 999 Subordinated debentures 78,920 — 81,010 — 81,010 Derivatives 16,645 — 16,645 — 16,645 Accrued interest payable 1,467 — 1,467 — 1,467 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	12 Months Ended
	Dec. 31, 2019
LOANS.
LOANS	4. LOANS The following table sets forth the major classifications of loans: December 31, (In thousands) 2019 2018 Commercial real estate mortgage loans $ 1,565,687 $ 1,373,556 Multi-family mortgage loans 812,174 585,827 Residential real estate mortgage loans 493,144 519,763 Commercial, industrial and agricultural loans 679,444 645,724 Real estate construction and land loans 97,311 123,393 Installment/consumer loans 24,836 20,509 Total loans 3,672,596 3,268,772 Net deferred loan costs and fees 7,689 7,039 Total loans held for investment 3,680,285 3,275,811 Allowance for loan losses (32,786) (31,418) Loans, net $ 3,647,499 $ 3,244,393 In June 2015, the Company completed the acquisition of CNB resulting in the addition of $729.4 million of acquired loans recorded at their fair value. There were approximately $223.4 million and $275.0 million of acquired CNB loans remaining as of December 31, 2019 and 2018, respectively. As of December 31, 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: December 31, 2019 (In thousands) Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 511,444 $ 18,426 $ 1,218 $ — $ 531,088 Non-owner occupied 1,022,208 — 12,391 — 1,034,599 Multi-family 811,770 404 — — 812,174 Residential real estate: Residential mortgage 408,933 11,490 4,089 — 424,512 Home equity 67,016 910 706 — 68,632 Commercial and industrial: Secured 162,431 2,074 9,714 — 174,219 Unsecured 480,982 13,596 10,647 — 505,225 Real estate construction and land loans 95,530 — 1,781 — 97,311 Installment/consumer loans 23,976 103 757 — 24,836 Total loans $ 3,584,290 $ 47,003 $ 41,303 $ — $ 3,672,596 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 December 31, 2019 and 2018 by class of loans, as defined by FASB ASC 310‑10: December 31, 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 $ 917 $ 433 $ — $ 225 $ 1,575 $ 529,513 $ 531,088 Non-owner occupied 98 — — 512 610 1,033,989 1,034,599 Multi-family — — — — — 812,174 812,174 Residential real estate: Residential mortgages 2,446 — — 2,086 4,532 419,980 424,512 Home equity 607 747 343 657 2,354 66,278 68,632 Commercial and industrial: Secured 24 187 — 206 417 173,802 174,219 Unsecured 249 534 — 530 1,313 503,912 505,225 Real estate construction and land loans — — — 123 123 97,188 97,311 Installment/consumer loans 124 — — 30 154 24,682 24,836 Total loans $ 4,465 $ 1,901 $ 343 $ 4,369 $ 11,078 $ 3,661,518 $ 3,672,596 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 December 31, 2019 and 2018, the Company had individually impaired loans as defined by FASB ASC 310, “Receivables” of $27.0 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 year ended December 31, 2019. During the year ended December 31, 2019, the Bank modified certain loans as TDRs totaling $21.7 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 December 31, 2019, impaired loans also included $1.1 million in other impaired performing loans which were related to borrowers with other performing TDRs. At December 31, 2018 impaired loans 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 year ended December 31, 2019. The following tables set forth the recorded investment, unpaid principal balance and related allowance by class of loans at December 31, 2019, 2018 and 2017 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 years ended December 31, 2019, 2018 and 2017: Year Ended December 31, 2019 December 31, 2019 Unpaid Related Average Interest Recorded Principal Allocated Recorded Income (In thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 3,379 $ 3,401 $ — $ 1,286 $ 41 Non-owner occupied 2,296 2,296 — 2,149 99 Residential real estate: Residential mortgages — — — — — Home equity 294 300 — 74 — Commercial and industrial: Secured 494 494 — 287 18 Unsecured 8,863 8,863 — 6,601 411 Total with no related allowance recorded 15,326 15,354 — 10,397 569 With an allowance recorded: Commercial real estate: Owner occupied — — — — — Non-owner occupied — — — — — Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured 9,612 9,612 3,435 6,189 223 Unsecured 2,045 2,051 1,241 1,838 86 Total with an allowance recorded 11,657 11,663 4,676 8,027 309 Total: Commercial real estate: Owner occupied 3,379 3,401 — 1,286 41 Non-owner occupied 2,296 2,296 — 2,149 99 Residential real estate: Residential mortgages — — — — — Home equity 294 300 — 74 — Commercial and industrial: Secured 10,106 10,106 3,435 6,476 241 Unsecured 10,908 10,914 1,241 8,439 497 Total $ 26,983 $ 27,017 $ 4,676 $ 18,424 $ 878 Year Ended December 31, 2018 December 31, 2018 Unpaid Related Average Interest Recorded Principal Allocated Recorded Income (In thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 268 $ 278 $ — $ 177 $ — Non-owner occupied 2,816 2,816 — 1,583 88 Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured 8,234 8,234 — 5,644 196 Unsecured 5,316 5,316 — 5,127 284 Total with no related allowance recorded 16,634 16,644 — 12,531 568 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 2,757 91 Unsecured — — — — — Total with an allowance recorded 2,721 2,721 189 2,757 91 Total: Commercial real estate: Owner occupied 268 278 — 177 — Non-owner occupied 2,816 2,816 — 1,583 88 Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured 10,955 10,955 189 8,401 287 Unsecured 5,316 5,316 — 5,127 284 Total $ 19,355 $ 19,365 $ 189 $ 15,288 $ 659 December 31, 2017 Year Ended December 31, 2017 Unpaid Related Average Interest Recorded Principal Allocated Recorded Income (In thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ — $ 173 $ 80 Non-owner occupied 9,089 9,089 — 7,001 400 Residential real estate: Residential mortgages — — — — — Home equity 100 100 — 8 — Commercial and industrial: Secured 7,368 8,013 — 2,633 211 Unsecured 2,154 2,408 — 592 36 Total with no related allowance recorded 20,784 21,683 — 10,407 727 With an allowance recorded: Commercial real estate: Owner occupied — — — — — Non-owner occupied — — — — — Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured — — — — — Unsecured 1,708 3,235 1,708 142 174 Total with an allowance recorded 1,708 3,235 1,708 142 174 Total: Commercial real estate: Owner occupied 2,073 2,073 — 173 80 Non-owner occupied 9,089 9,089 — 7,001 400 Residential real estate: Residential mortgages — — — — — Home equity 100 100 — 8 — Commercial and industrial: Secured 7,368 8,013 — 2,633 211 Unsecured 3,862 5,643 1,708 734 210 Total $ 22,492 $ 24,918 $ 1,708 $ 10,549 $ 901 The recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality. For purposes of this disclosure, the unpaid principal balance is not reduced for partial charge-offs. There was no other real estate owned at December 31, 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. The following table presents loans by class modified as troubled debt restructurings during the years indicated: Modifications During the Year Ended December 31, 2019 2018 2017 Pre- Post- Pre- Post- Pre- Post- Modification Modification Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Number of Recorded Recorded (Dollars in thousands) Loans Investment Investment Loans Investment Investment Loans Investment Investment Commercial real estate: Owner occupied 3 $ 8,582 $ 8,582 — $ — $ — — $ — $ — Non-owner occupied — — — 1 926 926 2 7,764 7,764 Residential real estate: Residential mortgages 1 338 338 1 644 644 — — — Home equity — — — — — — — — — Commercial and industrial: Secured 7 6,920 6,920 2 1,994 1,994 7 6,828 6,828 Unsecured 8 5,908 5,908 8 5,655 5,655 2 189 189 Installment/consumer loans — — — — — — — — — Total 19 $ 21,748 $ 21,748 12 $ 9,219 $ 9,219 11 $ 14,781 $ 14,781 There were $0.1 million, $0.4 million and $0.4 million of charge-offs related to TDRs during the years ended December 31, 2019, 2018 and 2017, respectively. During the year ended December 31, 2019 there were two loans modified as TDRs for which there was a payment default within twelve months following the modification. There was one loan modified as a TDR during 2018 and two loans modified as TDRs during 2017 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. At December 31, 2019 and 2018, the Company had $405 thousand and $133 thousand, respectively, of non-accrual TDRs and $26.3 million and $16.9 million, respectively, of performing TDRs. At December 31, 2019 and 2018, the 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 year ended December 31, 2019 that did not meet the definition of a TDR. These loans have a total recorded investment at December 31, 2019 of $82.8 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. In determining the acquisition date fair value of purchased loans, acquired loans are aggregated into pools of loans with common characteristics. Each loan is reviewed at acquisition to determine if it should be accounted for as a loan that has experienced credit deterioration and it is probable that at acquisition, the Company will not be able to collect all the contractual principal and interest due from the borrower. All loans with evidence of deterioration in credit quality are considered PCI loans unless the loan type is specifically excluded from the scope of FASB ASC 310‑30 “Loans and Debt Securities Acquired with Deteriorated Credit Quality,” such as loans with active revolver features or because management has minimal doubt about the collection of the loan. The Bank makes an estimate of the loans’ contractual principal and contractual interest payments as well as the expected total cash flows from the pools of loans, which includes undiscounted expected principal and interest. The excess of contractual amounts over the total cash flows expected to be collected from the loans is referred to as non-accretable difference, which is not accreted into income. The excess of the expected undiscounted cash flows over the fair value of the loans is referred to as accretable discount. Accretable discount is recognized as interest income on a level-yield basis over the life of the loans. Management has not included prepayment assumptions in its modeling of contractual or expected cash flows. The Bank continues to estimate cash flows expected to be collected over the life of the loans. Subsequent increases in total cash flows expected to be collected are recognized as an adjustment to the accretable yield with the amount of periodic accretion adjusted over the remaining life of the loans. Subsequent decreases in cash flows expected to be collected over the life of the loans are recognized as impairment in the current period through the allowance for loan losses. A PCI loan may be resolved either through a sale of the loan, by working with the customer and obtaining partial or full repayment, by short sale of the collateral, or by foreclosure. When a loan accounted for in a pool is resolved, it is removed from the pool at its carrying amount. Any differences between the amounts received and the outstanding balance are absorbed by the non-accretable difference of the pool. For loans not accounted for in pools, a gain or loss on resolution would be recognized based on the difference between the proceeds received and the carrying amount of the loan. Payments received earlier than expected or in excess of expected cash flows from sales or other resolutions may result in the carrying value of a pool being reduced to zero even though outstanding contractual balances and expected cash flows remain related to loans in the pool. Once the carrying value of a pool is reduced to zero, any future proceeds from the remaining loans, representing further realization of accretable yield, are recognized as interest income upon receipt. These proceeds may include cash or real estate acquired in foreclosure. The following table summarizes the activity in the accretable yield for the PCI loans: Year Ended December 31, (In thousands) 2019 2018 Balance at beginning of period $ 460 $ 2,151 Accretion (515) (1,842) Reclassification from nonaccretable difference during the period 129 151 Accretable discount at end of period $ 74 $ 460 The allowance for loan losses was not increased during the years ended December 31, 2019 and 2018 for those PCI loans disclosed above and there were no charge-offs recorded. Related Party Loans Certain directors, executive officers, and their related parties, including their immediate families and companies in which they are principal owners, were loan customers of the Bank during 2019 and 2018. The following table sets forth selected information about related party loans for the year ended December 31, 2019: Year Ended December 31, (In thousands) 2019 Balance at beginning of period $ 21,047 New loans 1,128 Repayments (9,826) Balance at end of period $ 12,349

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2019
ALLOWANCE FOR LOAN LOSSES.
ALLOWANCE FOR LOAN LOSSES	5. ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is established and maintained through a provision for loan losses based on probable incurred losses in the Bank’s loan portfolio. Management evaluates the adequacy of the allowance quarterly. The allowance is comprised of both individual valuation allowances and loan pool valuation allowances. 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 December 31, 2019 and 2018. The tables include loans acquired from CNB and FNBNY. December 31, 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 $ — $ — $ — $ 4,676 $ — $ — $ 4,676 Collectively evaluated for impairment 12,150 4,829 1,882 7,907 1,066 276 28,110 Loans acquired with deteriorated credit quality — — — — — — — Total allowance for loan losses $ 12,150 $ 4,829 $ 1,882 $ 12,583 $ 1,066 $ 276 $ 32,786 Loans: Individually evaluated for impairment $ 5,675 $ — $ 294 $ 21,014 $ — $ — $ 26,983 Collectively evaluated for impairment 1,560,012 812,174 492,507 658,430 97,311 24,836 3,645,270 Loans acquired with deteriorated credit quality — — 343 — — — 343 Total loans $ 1,565,687 $ 812,174 $ 493,144 $ 679,444 $ 97,311 $ 24,836 $ 3,672,596 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 recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality. The increase in the specific reserve on impaired loans from December 31, 2018 to December 31, 2019 was primarily attributable to the restructuring of certain taxi medallion loans which had matured during 2019. All of the Bank’s taxi medallion loans have been restructured as of December 31, 2019, resulting in a shift in the reserves on the commercial and industrial loan portfolio from the general reserves to the specific reserves. The following tables represent the changes in the allowance for loan losses for the years ended December 31, 2019, 2018 and 2017, 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. Year Ended December 31, 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) — — (799) — (13) (4,482) Recoveries 1 — 112 25 — 12 150 Provision (Credit) 5,027 2,263 (2,165) 635 (231) 171 5,700 Ending balance $ 12,150 $ 4,829 $ 1,882 $ 12,583 $ 1,066 $ 276 $ 32,786 Year Ended 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: Beginning balance $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707 Charge-offs — — (24) (2,806) — (11) (2,841) Recoveries — — 3 747 — 2 752 (Credit) Provision (256) (1,955) 1,518 1,943 557 (7) 1,800 Ending balance $ 10,792 $ 2,566 $ 3,935 $ 12,722 $ 1,297 $ 106 $ 31,418 Year Ended December 31, 2017 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 $ 9,225 $ 6,264 $ 1,495 $ 7,837 $ 955 $ 128 $ 25,904 Charge-offs — — — (8,245) — (49) (8,294) Recoveries — — 28 16 — 3 47 Provision (Credit) 1,823 (1,743) 915 13,230 (215) 40 14,050 Ending balance $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2019
PREMISES AND EQUIPMENT, NET
PREMISES AND EQUIPMENT, NET	6. PREMISES AND EQUIPMENT, NET The following table details the components of premises and equipment: December 31, (In thousands) 2019 2018 Land $ 7,896 $ 7,896 Building and improvements 17,271 17,227 Furniture, fixtures and equipment 25,288 23,328 Leasehold improvements 12,356 13,470 62,811 61,921 Accumulated depreciation and amortization (28,749) (26,913) Total premises and equipment, net $ 34,062 $ 35,008 Depreciation and amortization amounted to $4.3 million, $3.8 million and $3.8 million for the years ended December 31, 2019, 2018 and 2017, respectively.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2019
LEASES
LEASES	7. 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: Year Ended (In thousands) December 31, 2019 Lease cost Operating lease cost $ 7,038 Sublease income (95) Total lease cost $ 6,943 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: Year Ended (Dollars in thousands) December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 7,019 Operating right-of-use assets obtained in exchange for lease liabilities $ 48,101 December 31, 2019 Weighted-average remaining lease term-operating leases 7.8 years Weighted-average discount rate-operating leases (1) 3.20 % 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) December 31, 2019 2020 $ 7,011 2021 6,974 2022 6,802 2023 5,853 2024 5,595 Thereafter 20,324 Total operating lease payments $ 52,559 Less: Interest (6,582) Present value of operating lease liabilities $ 45,977

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	8. GOODWILL AND OTHER INTANGIBLE ASSETS FASB ASC 350, Intangibles — Goodwill and Other, requires a company to perform an impairment test on goodwill annually, or more frequently if events or changes in circumstance indicate that the asset might be impaired, by comparing the fair value of such goodwill to its recorded or carrying amount. If the carrying amount of goodwill exceeds the fair value, an impairment charge must be recorded in an amount equal to the excess. The FASB issued ASU No. 2011‑08, “Testing Goodwill for Impairment,” which permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in Topic 350. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. Goodwill At December 31, 2019 and 2018, the carrying amount of the Company’s goodwill was $106.0 million. The Company tested goodwill for impairment during the fourth quarter of 2019. The Company has one reporting unit, Bridge Bancorp, Inc., and evaluated goodwill at that reporting unit level. The Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value and no further testing was required. The results of this assessment indicated that goodwill was not impaired. Other Intangible Assets The Company’s other intangible assets consist of core deposit intangibles, a trademark, and servicing assets. At December 31, 2019 and 2018, the carrying amount of the Company’s servicing assets was $1.3 million and $1.2 million, respectively. Acquired Intangible Assets The following table reflects acquired intangible assets: December 31, 2019 2018 Gross Gross Carrying Accumulated Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Intangible assets subject to amortization: Core deposit intangibles $ 7,211 $ 5,113 $ 7,211 $ 4,326 Intangible assets not subject to amortization: Trademark 259 — 259 — Total intangible assets $ 7,470 $ 5,113 $ 7,470 $ 4,326 Aggregate amortization expense for intangible assets with finite lives for the years ended December 31, 2019, 2018, and 2017 was $0.8 million, $0.9 million, and $1.0 million, respectively. The Company acquired a trademark related to the Bank’s name change to BNB Bank. At December 31, 2019 and 2018, the carrying amount of the Company’s trademark was $259 thousand. The following table reflects estimated amortization expense for each of the next five years and thereafter: (In thousands) Total 2020 $ 656 2021 531 2022 413 2023 281 2024 164 Thereafter 53 Total $ 2,098

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2019
DEPOSITS
DEPOSITS	9. DEPOSITS Time Deposits The following table presents the remaining maturities of the Bank’s time deposits at December 31, 2019: (In thousands) Total 2020 $ 203,834 2021 83,420 2022 11,272 2023 4,072 2024 4,977 Thereafter 402 Total $ 307,977 The deposits that meet or exceed the FDIC insurance limit of $250,000 at December 31, 2019 and 2018 were $129.6 million and $128.5 million, respectively. Deposits from principal officers, directors and their affiliates at December 31, 2019 and 2018 were approximately $16.7 million and $18.5 million, respectively.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	12 Months Ended
	Dec. 31, 2019
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE.
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	10. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase totaled $1.0 million at December 31, 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 $2.1 million at December 31, 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 first quarter of 2020. 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. The following table summarizes information concerning securities sold under agreements to repurchase: Year Ended December 31, (Dollars in thousands) 2019 2018 Average daily balance during the year $ 849 $ 1,078 Average interest rate during the year 0.05 % 0.04 % Maximum month-end balance during the year $ 1,037 $ 1,610 Weighted average interest rate at year-end 0.05 % 0.05 %

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	12 Months Ended
	Dec. 31, 2019
FEDERAL HOME LOAN BANK ADVANCES.
FEDERAL HOME LOAN BANK ADVANCES	11. FEDERAL HOME LOAN BANK ADVANCES The following table summarizes information concerning FHLB advances: Year Ended December 31, (Dollars in thousands) 2019 2018 Average daily balance during the year $ 245,283 $ 324,653 Average interest rate during the year 1.86 % 1.76 % Maximum month-end balance during the year $ 435,000 $ 520,092 Weighted average interest rate at year-end 1.82 % 2.72 % 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 2020. December 31, 2019 (Dollars in thousands) Weighted Contractual Maturity Amount Average Rate Overnight $ 195,000 1.81 % 2020 240,000 1.84 Total FHLB advances $ 435,000 1.82 % 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 December 31, 2019 and 2018, respectively. Based on this collateral and the Company’s holdings of FHLB stock, the Company was eligible to borrow up to a total of $1.5 billion at December 31, 2019.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	12 Months Ended
	Dec. 31, 2019
SUBORDINATED DEBENTURES.
SUBORDINATED DEBENTURES	12. 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 December 31, 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	12 Months Ended
	Dec. 31, 2019
DERIVATIVES.
DERIVATIVES	13. DERIVATIVES As described in Note 1, Summary of Significant Accounting Policies, 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 as of December 31, 2019 and 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 December 31, 2019 and 2018: December 31, (Dollars in thousands) 2019 2018 Notional amounts $ 290,000 $ 240,000 Weighted average pay rates 1.84 % 1.84 % Weighted average receive rates 1.94 % 2.77 % Weighted average maturity 2.91 years 2.03 years Interest income recorded on these swap transactions totaled $1.6 million and $1.1 million during the years ended December 31, 2019 and 2018, respectively and interest expenses recorded on these swap transactions totaled $1.4 million during the year ended December 31, 2017, 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 year ended December 31, 2019, the Company had $1.6 million of reclassifications as a reduction to interest expense. During the next twelve months, the Company estimates that $157 thousand will be reclassified as an increase 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 years ended December 31, 2019, 2018 and 2017: Amount of gain (loss) 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 Year ended December 31, 2019 $ (3,601) $ — $ 1,588 $ — Year ended December 31, 2018 2,493 — 1,068 — Year ended December 31, 2017 463 — (1,419) — The following table reflects the cash flow hedges included in the consolidated balance sheets at the dates indicated: December 31, 2019 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 $ 1,233 $ (978) $ 240,000 $ 4,239 $ (4) Forward starting interest rate swaps related to FHLB advances $ 50,000 $ — $ (1,427) $ — $ — $ — 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. Interest rate swaps with notional amounts totaled $823.9 million at December 31, 2019. Of the $823.9 million notional amounts, $411.9 million were from loan customers and $411.9 million were from bank counterparties. Interest rate swaps with notional amounts totaled $193.4 million at December 31, 2018. Of the $193.4 million notional amounts, $96.7 million were from loan customers and $96.7 million were from bank counterparties. The following table presents summary information about the interest rate swaps at December 31, 2019 and 2018: December 31, (Dollars in thousands) 2019 2018 Notional amounts $ 823,894 $ 193,401 Weighted average pay rates 3.75 % 4.52 % Weighted average receive rates 3.75 % 4.52 % Weighted average maturity 10.77 years 12.25 years Fair value of combined interest rate swaps $ — $ — Loan swap fees recorded on these swap transactions, which is reported as a component of non-interest income, totaled $7.5 million, $716 thousand, and $1.0 million for the years ended December 31, 2019, 2018, and 2017, respectively. Credit-Risk-Related Contingent Features As of December 31, 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 $14.9 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 liability position, the Company is required to post collateral against its obligations under the agreements. However, if the termination value of derivatives is a net asset position, the counterparty is required to post collateral to the Company. At December 31, 2019, the Company posted collateral of $16.3 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 December 31, 2019, it could have been required to settle its obligations under the agreements at the termination value.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
INCOME TAXES	14. INCOME TAXES The following table details the components of income tax expense: Year Ended December 31, (In thousands) 2019 2018 2017 Current: Federal $ 12,665 $ 5,270 $ 8,762 State 639 1,023 937 Total current 13,304 6,293 9,699 Deferred: Federal (419) 3,299 10,251 State 1,175 (451) (1,004) Total deferred 756 2,848 9,247 Total income tax expense $ 14,060 $ 9,141 $ 18,946 The following table is a reconciliation of the expected federal income tax expense at the statutory tax rate to the actual provision: Year Ended December 31, 2019 2018 2017 Percentage Percentage Percentage of Pre-tax of Pre-tax of Pre-tax (Dollars in thousands) Amount Earnings Amount Earnings Amount Earnings Federal income tax expense computed by applying the statutory rate to income before income taxes $ 13,808 21 % $ 10,157 21 % $ 13,820 35 % Tax-exempt income (920) (1) (1,002) (2) (1,808) (5) State taxes, net of federal income tax benefit 1,425 2 1,999 4 725 2 Deferred tax asset remeasurement (1) — — — — 7,572 19 Other (253) (1) (2,013) (4) (1,363) (3) Income tax expense $ 14,060 21 % $ 9,141 19 % $ 18,946 48 % (1) 2017 amount includes a charge to write-down deferred tax assets due to the enactment of the Tax Act of $7.6 million. The following table summarizes the composition of deferred tax assets and liabilities: December 31, (In thousands) 2019 2018 Deferred tax assets: Allowance for loan losses and off-balance sheet credit exposure $ 10,305 $ 9,309 Net unrealized losses on securities 343 4,810 Compensation and related benefit obligations 2,368 2,427 Purchase accounting fair value adjustments 4,735 4,141 Net change in pension and other post-retirement benefits plans 2,809 2,630 Net operating loss carryforward 3,229 4,746 Net loss on cash flow hedges 304 — Operating lease liabilities 13,444 — Other 200 671 Total deferred tax assets 37,737 28,734 Deferred tax liabilities: Pension and SERP expense (4,904) (4,559) Depreciation (956) (1,163) REIT undistributed net income (2,403) (2,110) Net deferred loan costs and fees (2,413) (2,206) Net gain on cash flow hedges — (1,210) State and local taxes (1,227) (1,468) Operating lease right-of-use assets (12,934) — Other (835) (353) Total deferred tax liabilities (25,672) (13,069) Net deferred tax asset $ 12,065 $ 15,665 On December 22, 2017, the President signed the Tax Cuts and Jobs Act (“Tax Act”), resulting in significant changes to existing tax law, including a lower federal statutory tax rate of 21%. The Tax Act was generally effective as of January 1, 2018. In the fourth quarter of 2017, the Company recorded a charge of $7.6 million, which consisted primarily of the deferred tax asset remeasurement from the previous 35% federal statutory rate to the current 21% federal statutory tax rate. On December 22, 2017, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides a measurement period of up to one year from the enactment date to refine and complete the accounting. The Company has completed its accounting for the effects of the Tax Act, and has made reasonable estimates of the effect of the change in federal statutory tax rate and remeasurement of deferred tax assets based on the rate at which they are expected to reverse in the future. The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax of the State and City of New York and the State of New Jersey. The Company is no longer subject to examination by taxing authorities for years before 2015. There are no unrecorded tax benefits, and the Company does not expect the total amount of unrecognized income tax benefits to significantly increase in the next twelve months. In connection with the acquisition of FNBNY, the Company acquired a federal net operating loss (“NOL”) carryforward subject to Internal Revenue Code Section 382. The Company recorded a deferred tax asset that it expects to realize within the carryforward period. At December 31, 2019, the remaining federal NOL carryforward was $3.1 million. At December 31, 2019, the Company had New York State and New York City NOL carryforwards of $26.3 million and $4.4 million, respectively, and recorded a deferred tax asset that it expects to recover within the carryforward period. The New York State and New York City NOLs at December 31, 2019 included NOLs acquired in connection with the CNB and FNBNY acquisitions.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT PLANS	12 Months Ended
	Dec. 31, 2019
PENSION AND OTHER POSTRETIREMENT PLANS.
PENSION AND OTHER POSTRETIREMENT PLANS	15. PENSION AND OTHER POSTRETIREMENT PLANS Pension Plan and Supplemental Executive Retirement Plan 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. The following table provides information about changes in obligations and plan assets of the defined benefit Pension Plan and the defined benefit plan component of the SERP: Pension Benefits SERP Benefits Year Ended December 31, Year Ended December 31, (In thousands) 2019 2018 2019 2018 Change in benefit obligation: Benefit obligation at beginning of year $ 23,611 $ 24,759 $ 3,811 $ 3,919 Service cost 952 1,106 261 290 Interest cost 908 794 147 127 Benefits paid and expected expenses (475) (402) (112) (112) Assumption changes and other 3,761 (2,646) 1,216 (413) Benefit obligation at end of year $ 28,757 $ 23,611 $ 5,323 $ 3,811 Change in plan assets: Fair value of plan assets at beginning of year $ 33,874 $ 34,695 $ — $ — Actual return on plan assets 6,346 (2,079) — — Employer contribution — 1,660 112 112 Benefits paid and actual expenses (475) (402) (112) (112) Fair value of plan assets at end of year $ 39,745 $ 33,874 $ — $ — Funded status at end of year $ 10,988 $ 10,263 $ (5,323) $ (3,811) The following table presents amounts recognized in accumulated other comprehensive income at December 31: Pension Benefits SERP Benefits December 31, December 31, (In thousands) 2019 2018 2019 2018 Net actuarial loss $ 7,997 $ 8,631 $ 2,071 $ 925 Prior service cost (484) (561) — — Net amount recognized $ 7,513 $ 8,070 $ 2,071 $ 925 As of December 31, 2019, the accumulated benefit obligation was $27.4 million for the Pension Plan and $3.6 million for the SERP. As of December 31, 2018, the accumulated benefit obligation was $22.3 million for the Pension Plan and $2.7 million for the SERP. The following table summarizes the components of net periodic benefit (credit) cost and other amounts recognized in other comprehensive income: Pension Benefits SERP Benefits Year Ended December 31, Year Ended December 31, (In thousands) 2019 2018 2017 2019 2018 2017 Components of net periodic benefit cost and other amounts recognized in other comprehensive income: Service cost $ 952 $ 1,106 $ 1,129 $ 261 $ 290 $ 212 Interest cost 908 794 750 147 127 105 Expected return on plan assets (2,445) (2,547) (2,129) — — — Amortization of net loss 494 335 479 70 121 51 Amortization of prior service credit (77) (77) (77) — — — Amortization of transition obligation — — — — 5 27 Net periodic benefit (credit) cost $ (168) $ (389) $ 152 $ 478 $ 543 $ 395 Net (gain) loss $ (140) $ 1,980 $ (409) $ 1,216 $ (413) $ 710 Amortization of net loss (494) (335) (479) (70) (121) (51) Amortization of prior service credit 77 77 77 — — — Amortization of transition obligation — — — — (5) (27) Total recognized in other comprehensive income $ (557) $ 1,722 $ (811) $ 1,146 $ (539) $ 632 The Company's service cost component is reported in the Company's income statement in salaries and employee benefits, which is the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. All other components of net periodic benefit (credit) cost are reported in the other operating expenses income statement line. The estimated net loss and prior service credit for the defined benefit Pension Plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $400 thousand and $77 thousand, respectively. The estimated net loss for the SERP that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $227 thousand. Expected Long-Term Rate of Return The Company’s expected long-term rate of return on Pension Plan assets is a long-term rate based on anticipated Pension Plan asset returns over an extended period of time, taking into account market conditions and broad asset mix considerations. The expected rate of return is a long-term assumption and generally does not change annually. Pension Benefits SERP Benefits December 31, December 31, 2019 2018 2017 2019 2018 2017 Weighted average assumptions used to determine benefit obligations: Discount rate 3.10 % 4.14 % 3.52 % 3.08 % 4.13 % 3.50 % Rate of compensation increase 3.00 3.00 3.00 5.00 5.00 5.00 Weighted average assumptions used to determine net periodic benefit cost: Discount rate 4.14 % 3.52 % 4.05 % 4.13 % 3.50 % 4.01 % Rate of compensation increase 3.00 3.00 3.00 5.00 5.00 5.00 Expected long-term rate of return 7.25 7.25 7.25 — — — Pension Plan Assets The Pension Plan seeks to provide retirement benefits to the employees of the Bank who are entitled to receive benefits under the Pension Plan. The Pension Plan assets are overseen by a committee comprised of management, who meet semi-annually, and sets the investment policy guidelines. The Pension Plan’s overall investment strategy is to achieve a mix of approximately 97% of investments for long ‐ term growth and 3% for near ‐ term benefit payments with a wide diversification of asset types, fund strategies, and fund managers. Cash equivalents consist primarily of short-term investment funds. Equity securities primarily include investments in common stock, mutual funds, depository receipts and exchange traded funds. Fixed income securities include corporate bonds, government issues, mortgage-backed securities, high yield securities and mutual funds. The weighted average expected long -term rate of return is estimated based on current trends in Pension Plan assets, as well as projected future rates of return on those assets and reasonable actuarial assumptions based on the guidance provided by Actuarial Standard of Practice No. 27 for the real and nominal rate of investment return for a specific mix of asset classes. The long-term rate of return considers historical returns for the S&P 500 index and corporate bonds representing cumulative returns of approximately 9.5% and 5.0%, respectively. These returns were considered along with the target allocations of asset categories. The following table indicates the target allocations for Plan assets: Weighted-Average- Target Percentage of Plan Assets Expected Long- Allocation At December 31, term Rate of Asset Category 2020 2019 2018 Return Cash equivalents 0 - 5 % 3.6 % 3.0 % — % Equity securities 45 - 65 57.9 54.8 9.5 Fixed income securities 30 - 50 38.5 42.2 5.0 Total 100.0 100.0 Except for pooled vehicles and mutual funds, which are governed by the prospectus, and unless expressly authorized by management, the Pension Plan and its investment managers are prohibited from purchasing the following investments: letter stock, private placements, or direct payments; securities not readily marketable; Bridge Bancorp, Inc. stock; pledging or hypothecating securities, except for loans of securities that are fully collateralized; purchasing or selling derivative securities for speculation or leverage; and investments by the investment managers in their own securities, their affiliates or subsidiaries (excluding money market funds). Fair value is defined under FASB ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an 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. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. These levels are described in Note 3 “Fair Value.” In instances in which the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments valued using the Net Asset Value (“NAV”) are classified as level 2 if the Pension Plan can redeem its investment with the investee at the NAV at the measurement date. If the Pension Plan can never redeem the investment with the investee at the NAV, it is considered as level 3. If the Pension Plan can redeem the investment at the NAV at a future date, the Pension Plan’s assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset. In accordance with FASB ASC 715‑20, the following table represents the Pension Plan’s fair value hierarchy for its financial assets measured at fair value on a recurring basis as of December 31, 2019 and 2018: December 31, 2019 Fair Value Measurements Using: Quoted Prices Significant In Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ — $ — $ — $ — Short term investment funds 1,444 — 1,444 — Total cash and cash equivalents 1,444 — 1,444 — Equities: U.S. large cap 12,097 12,097 — — U.S. mid cap/small cap 4,195 4,195 — — International 6,320 6,320 — — Equities blend 414 414 — — Total equities 23,026 23,026 — — Fixed income securities: Government issues 2,024 2,024 — — Corporate bonds 2,926 — 2,926 — Mortgage-backed 1,033 — 1,033 — High yield bonds and bond funds 9,292 — 9,292 — Total fixed income securities 15,275 2,024 13,251 — Total plan assets $ 39,745 $ 25,050 $ 14,695 $ — December 31, 2018 Fair Value Measurements Using: Quoted Prices Significant In Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ — $ — $ — $ — Short term investment funds 1,063 — 1,063 — Total cash and cash equivalents 1,063 — 1,063 — Equities: U.S. large cap 9,173 9,173 — — U.S. mid cap/small cap 2,760 2,760 — — International 6,480 6,480 — — Equities blend 155 155 — — Total equities 18,568 18,568 — — Fixed income securities: Government issues 2,341 2,341 — — Corporate bonds 2,098 — 2,098 — Mortgage-backed 1,132 — 1,132 — High yield bonds and bond funds 8,672 — 8,672 — Total fixed income securities 14,243 2,341 11,902 — Total plan assets $ 33,874 $ 20,909 $ 12,965 $ — The Company has no minimum required pension contribution due to the overfunded status of the plan. Estimated Future Payments The following table summarizes benefits expected to be paid under the Pension Plan and the SERP as of December 31, 2019, which reflect expected future service: Pension and SERP Year (in thousands) 2020 $ 931 2021 1,074 2022 1,148 2023 1,291 2024 1,298 2025-2029 9,246 401(k) Plan The Company provides a 401(k) plan, which covers substantially all current employees. Newly hired employees are automatically enrolled in the plan on the 60 th day of employment, unless they elect not to participate. Participants may contribute a portion of their pre-tax base salary, generally not to exceed $19,000 for the calendar year ended December 31, 2019. Under the provisions of the 401(k) plan, employee contributions are partially matched by the Bank as follows: 100% of each employee’s contributions up to 1% of each employee’s compensation plus 50% of each employee’s contributions over 1% but not in excess of 6% of each employee’s compensation for a maximum contribution of 3.5% of a participating employee’s compensation. Participants can invest their account balances into several investment alternatives. The 401(k) plan does not allow for investment in the Company’s common stock. During the years ended December 31, 2019, 2018 and 2017 the Company made cash contributions of $1.1 million, $1.0 million, and $1.0 million, respectively. The 401(k) plan also includes a discretionary profit-sharing component. During the years ended December 31, 2019, 2018 and 2017, the Company made discretionary profit-sharing contributions of $583 thousand, $497 thousand, and $550 thousand, respectively.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2019
STOCK-BASED COMPENSATION PLANS.
STOCK-BASED COMPENSATION PLANS	16. 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 December 31, 2019, 526,518 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 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 years ended December 31, 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 years ended December 31, 2019 and 2018 was $5.05 and $6.52 per stock option, respectively, using the Black-Scholes option-pricing model with assumptions as follows: Year Ended December 31, 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 No new grants of stock options were awarded during the year ended December 31, 2017. There were no stock options outstanding as of December 31, 2017. Compensation expense attributable to stock options was $197 thousand and $91 thousand for the years ended December 31, 2019 and 2018, respectively . There was no compensation expense attributable to stock options for the year ended December 31, 2017 because all stock options were vested. As of December 31 , 2019, there was $341 thousand of total unrecognized compensation cost related to unvested stock options. The cost is expected to be recognized over a weighted-average period of 1.8 years. The following table summarizes the status of the 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, December 31, 2019 110,660 35.71 8.7 years $ — Vested and Exercisable, December 31, 2019 15,795 36.19 8.1 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 year ended December 31, 2019: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2019 324,882 $ 29.13 Granted 78,952 31.92 Vested (90,586) 27.20 Forfeited (19,531) 30.62 Unvested, December 31, 2019 293,717 30.37 During the year ended December 31, 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 year ended December 31, 2018, the Company granted RSAs of 83,782 shares. Of the 83,782 shares granted, 44,750 shares vest over five years, 13,915 shares vest over three years 25,117 performance-based RSAs vest ratably over two years, subject to the achievement of the Company’s 2018 corporate goals. During the year ended December 31, 2017, the Company granted RSAs of 71,781 shares. Of the 71,781 shares granted, 31,860 shares vest over seven years with a third vesting after years five, six and seven, 25,396 shares vest over five years with a third vesting after years three, four and five, 11,070 shares vest ratably over three years and 3,455 shares vest ratably over nine months. As of December 31, 2019, there were 293,717 unvested RSAs consisting of 282,784 time-vested RSAs and 10,933 performance-based RSAs. Compensation expense attributable to RSAs was $2.2 million, $2.4 million and $1.7 million for the years ended December 31, 2019, 2018 and 2017, respectively. The total fair value of shares vested during the years ended December 31, 2019, 2018 and 2017, was $2.5 million, $1.5 million and $1.1 million, respectively. As of December 31, 2019, there was $4.7 million of total unrecognized compensation costs related to non-vested RSAs. The cost is expected to be recognized over a weighted-average period of 3.0 years. Restricted Stock Units Long Term Incentive Plan RSUs represent an obligation to deliver shares to an employee 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 year ended December 31, 2019: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2019 79,238 $ 27.36 Granted 22,305 33.42 Reinvested dividends 2,556 29.03 Forfeited (16,184) 23.34 Vested (2,573) 32.90 Unvested, December 31, 2019 85,342 29.59 During the year ended December 31, 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 year ended December 31, 2018 in accordance with the LTI plan for NEOs, 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 three-year corporate goal for the three-year period ending December 31, 2020. Compensation expense attributable to LTI plan RSUs was $693 thousand, $462 thousand and $309 thousand in connection with these awards for the years ended December 31, 2019, 2018 and 2017, respectively. As of December 31, 2019, there was $1.3 million of total unrecognized compensation cost related to non-vested RSUs. The cost is expected to be recognized over a weighted-average period of 2.7 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 $570 thousand, $560 thousand and $530 thousand for the years ended December 31, 2019, 2018 and 2017, 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. Eligible employees purchased 7,888 shares and 3,758 shares of the Company’s common stock under the ESPP during the years ended December 31, 2019 and 2018, respectively. No expense was recorded related to ESPP for the years ended December 31, 2019 and 2018.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE.
EARNINGS PER SHARE	17. EARNINGS PER SHARE FASB ASC 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 EPS. The RSAs and certain 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 years ended December 31, 2019, 2018 and 2017: Year Ended December 31, (In thousands, except per share data) 2019 2018 2017 Net income $ 51,691 $ 39,227 $ 20,539 Dividends paid on and earnings allocated to participating securities (1,096) (853) (415) Income attributable to common stock $ 50,595 $ 38,374 $ 20,124 Weighted average common shares outstanding, including participating securities 19,952 19,875 19,759 Weighted average participating securities (424) (434) (404) Weighted average common shares outstanding 19,528 19,441 19,355 Basic earnings per common share $ 2.59 $ 1.97 $ 1.04 Income attributable to common stock $ 50,595 $ 38,374 $ 20,124 Weighted average common shares outstanding 19,528 19,441 19,355 Incremental shares from assumed conversions of options and restricted stock units 31 27 24 Weighted average common and equivalent shares outstanding 19,559 19,468 19,379 Diluted earnings per common share $ 2.59 $ 1.97 $ 1.04 There were 110,660 and 47,393 stock options outstanding at December 31, 2019 and 2018, respectively, that were not included in the computation of diluted earnings per share for the years ended December 31, 2019 and 2018 because the options’ exercise prices were greater than the average market price of common stock and were, therefore, antidilutive. There were no stock options outstanding for the year ended December 31, 2017. There were no RSUs that were antidilutive for the years ended December 31, 2019 and 2017. There were 3,156 RSUs that were antidilutive for the year ended December 31, 2018. The assumed conversion of the TPS was antidilutive for the year ended December 31, 2017, and therefore was not included in the computation of diluted earnings per share during that year.

COMMITMENTS AND CONTINGENCIES A

COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS	12 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS
COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS	18. COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS In the normal course of business, there are various outstanding commitments and contingent liabilities, such as claims and legal actions, guarantees and commitments to extend credit, which are not reflected in the accompanying consolidated financial statements. No material losses are anticipated as a result of these commitments and contingencies. Loan commitments Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer-financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk of credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, often including obtaining collateral at exercise of the commitment. The following represents commitments outstanding: December 31, (In thousands) 2019 2018 Standby letters of credit $ 23,670 $ 26,047 Loan commitments outstanding (1) 117,044 65,796 Unused lines of credit 674,194 636,772 Total commitments outstanding $ 814,908 $ 728,615 (1) Of the $117.0 million of loan commitments outstanding at December 31, 2019, $5.9 million are fixed rate commitments and $111.1 million are variable rate commitments. Of the $65.8 million of loan commitments outstanding at December 31, 2018, $20.5 million are fixed rate commitments and $45.3 million are variable rate commitments. Litigation The Company and its subsidiaries are subject to certain pending and threatened legal actions that arise out of the normal course of business. In the opinion of management, the resolution of any such pending or threatened litigation is not expected to have a material adverse effect on the Company’s consolidated financial statements. Other During 2019, the Bank was required to maintain certain cash balances with the FRB for reserve and clearing requirements. The required cash balance at December 31, 2019 was $20.6 million. During 2019, the Bank invested overnight with the FRB and the average balance maintained during 2019 was $63.3 million. During 2019, the Bank maintained an overnight line of credit with the FHLB. The Bank has the ability to borrow against its unencumbered residential and commercial mortgages and investment securities owned by the Bank. At December 31, 2019, the Bank had aggregate lines of credit of $373.0 million with unaffiliated correspondent banks to provide short-term credit for liquidity requirements. Of these aggregate lines of credit, $353.0 million is available on an unsecured basis. As of December 31, 2019, the Bank had no such borrowings outstanding. In March 2001, the Bank entered into a Master Repurchase Agreement with the FHLB whereby the FHLB agrees to purchase securities from the Bank, upon the Bank’s request, with the simultaneous agreement to sell the same or similar securities back to the Bank at a future date. Securities are limited, under the agreement, to government securities, securities issued, guaranteed or collateralized by any agency or instrumentality of the U.S. Government or any government sponsored enterprise, and non-agency AA and AAA rated mortgage-backed securities. At December 31, 2019, there was up to $1.5 billion available for transactions under this agreement, assuming availability of required collateral.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2019
REGULATORY CAPITAL REQUIREMENTS
REGULATORY CAPITAL REQUIREMENTS	19. REGULATORY CAPITAL REQUIREMENTS The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital requirements that involve quantitative measures of the Company’s and Bank’s assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classifications also are subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of total, tier 1, and common equity tier 1 capital to risk-weighted assets and of tier 1 capital to average assets. Tier 1 capital, risk-weighted assets and average assets are as defined by regulation. The required minimums for the Company and Bank are set forth in the tables that follow. The Company and the Bank met all capital adequacy requirements at December 31, 2019 and 2018. On January 1, 2015, the Basel III Capital Rules became effective and include transition provisions through January 1, 2020. These rules provide for the following minimum capital to risk-weighted assets ratios as of January 1, 2015: a) 4.5% based on common equity tier 1 capital ("CET1"); b) 6.0% based on tier 1 capital; and c) 8.0% based on total regulatory capital. A minimum leverage ratio (tier 1 capital as a percentage of total average assets) of 4.0% is also required under the Basel III Capital Rules. The Basel III Capital Rules additionally require institutions to retain a capital conservation buffer, composed of CET1, of 2.5% above these required minimum capital ratio levels. The capital conservation buffer requirement was phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and increased by 0.625% each subsequent January 1, until fully implemented at 2.5% on January 1, 2020. Including the capital conservation buffer, the Company and the Bank effectively have the following minimum capital to risk-weighted assets ratios: a) 7.0% based on CET1; b) 8.5% based on tier 1 capital; and c) 10.5% based on total regulatory capital. The Company and the Bank made the one-time, permanent election to continue to exclude the effects of accumulated other comprehensive income or loss items included in stockholders’ equity for the purposes of determining the regulatory capital ratios. As of December 31, 2019, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” the Bank must maintain minimum total risk-based, tier 1 risk-based, common equity tier 1 risk-based, and tier 1 leverage ratios as set forth in the tables below. Since that notification, there are no conditions or events that management believes have changed the institution’s category. In accordance with the recently enacted Economic Growth, Regulatory Relief, and Consumer Protection Act, the federal banking agencies have adopted, effective January 1, 2020, a final rule whereby financial institutions and financial institution holding companies that have less than $10 billion in total consolidated assets and meet other qualifying criteria, including a leverage ratio of greater than 9 percent, will be eligible to opt into a community bank leverage ratio framework (“qualifying community banking organizations”). Qualifying community banking organizations that elect to use the community bank leverage ratio framework and that maintain a leverage ratio of greater than 9 percent will be considered to have satisfied the generally applicable risk-based and leverage capital requirements in the agencies’ capital rules and will be considered to have met the well-capitalized ratio requirements under the Prompt Corrective Action statutes. The agencies reserved the authority to disallow the use of the community bank leverage ratio framework by a financial institution or holding company, based on the risk profile of the organization. The following tables present actual capital levels and minimum required levels for the Company and the Bank under Basel III rules at December 31, 2019 and 2018: December 31, 2019 Minimum Capital Minimum To Be Well Minimum Capital Adequacy Requirement with Capitalized Under Prompt Actual Capital Adequacy Requirement Capital Conservation Buffer Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital to risk-weighted assets: Consolidated $ 397,800 10.2 % $ 176,121 4.5 % $ 273,967 7.0 % n/a n/a Bank 474,056 12.1 176,114 4.5 273,954 7.0 $ 254,386 6.5 % Total capital to risk-weighted assets: Consolidated 510,862 13.1 313,105 8.0 410,950 10.5 n/a n/a Bank 507,118 13.0 313,091 8.0 410,932 10.5 391,363 10.0 Tier 1 capital to risk-weighted assets: Consolidated 397,800 10.2 234,828 6.0 332,674 8.5 n/a n/a Bank 474,056 12.1 234,818 6.0 332,659 8.5 313,091 8.0 Tier 1 capital to average assets: Consolidated 397,800 8.5 187,386 4.0 n/a n/a n/a n/a Bank 474,056 10.1 187,377 4.0 n/a n/a 234,222 5.0 December 31, 2018 Minimum Capital Minimum To Be Well Minimum Capital Adequacy Requirement with Capitalized Under Prompt Actual Capital Adequacy Requirement Capital Conservation Buffer Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital to risk-weighted assets: Consolidated $ 360,688 10.4 % $ 155,836 4.5 % $ 220,767 6.375 % n/a n/a Bank 438,963 12.7 155,831 4.5 220,761 6.375 $ 225,089 6.5 % Total capital to risk-weighted assets: Consolidated 472,382 13.6 277,041 8.0 341,973 9.875 n/a n/a Bank 470,657 13.6 277,033 8.0 341,963 9.875 346,291 10.0 Tier 1 capital to risk-weighted assets: Consolidated 360,688 10.4 207,781 6.0 272,712 7.875 n/a n/a Bank 438,963 12.7 207,775 6.0 272,704 7.875 277,033 8.0 Tier 1 capital to average assets: Consolidated 360,688 8.1 177,782 4.0 n/a n/a n/a n/a Bank 438,963 9.9 177,776 4.0 n/a n/a 222,220 5.0

PARENT COMPANY ONLY CONDENSED F

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2019
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION	20. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Bridge Bancorp, Inc. (Parent Company only) follows: Condensed Balance Sheets December 31, (In thousands) 2019 2018 Assets: Cash and cash equivalents $ 3,663 $ 1,537 Other assets 174 103 Investment in the Bank 573,410 532,105 Total assets $ 577,247 $ 533,745 Liabilities and stockholders’ equity: Subordinated debentures $ 78,920 $ 78,781 Other liabilities 1,173 1,134 Total liabilities 80,093 79,915 Total stockholders’ equity 497,154 453,830 Total liabilities and stockholders’ equity $ 577,247 $ 533,745 Condensed Statements of Income Year Ended December 31, (In thousands) 2019 2018 2017 Dividends from the Bank $ 24,500 $ 15,000 $ — Interest expense 4,539 4,539 4,588 Non-interest expense 104 135 147 Income (loss) before income taxes and equity in undistributed earnings of the Bank 19,857 10,326 (4,735) Income tax benefit (994) (1,005) (1,774) Income (loss) before equity in undistributed earnings of the Bank 20,851 11,331 (2,961) Equity in undistributed earnings of the Bank 30,840 27,896 23,500 Net income $ 51,691 $ 39,227 $ 20,539 Condensed Statements of Cash Flows Year Ended December 31, (In thousands) 2019 2018 2017 Cash flows from operating activities: Net income $ 51,691 $ 39,227 $ 20,539 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed earnings of the Bank (30,840) (27,896) (23,500) Amortization 139 140 139 (Increase) decrease in other assets (73) 108 18 Increase (decrease) in other liabilities 39 11 (398) Net cash provided by (used in) operating activities 20,956 11,590 (3,202) Cash flows from financing activities: Repayment of junior subordinated debentures — — (352) Net proceeds from issuance of common stock 1,102 1,017 951 Purchase of treasury stock (625) — — Repurchase of surrendered stock from vesting of stock plans (887) (586) (350) Cash dividends paid (18,420) (18,342) (18,238) Net cash used in financing activities (18,830) (17,911) (17,989) Net increase (decrease) in cash and cash equivalents 2,126 (6,321) (21,191) Cash and cash equivalents at beginning of year 1,537 7,858 29,049 Cash and cash equivalents at end of year $ 3,663 $ 1,537 $ 7,858

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	21. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the components of other comprehensive income (loss) and related income tax effects: Year Ended December 31, (In thousands) 2019 2018 2017 Unrealized holding gains (losses) on available for sale securities $ 15,524 $ (8,429) $ (1,107) Reclassification adjustments for (gains) losses realized in income (201) 7,921 (38) Income tax effect (4,467) 160 640 Net change in unrealized gains (losses) on available for sale securities 10,856 (348) (505) Unrealized net loss arising during the period (1,076) (1,567) (302) Reclassification adjustments for amortization realized in income 487 384 480 Income tax effect 179 351 15 Net change in post-retirement obligation (410) (832) 193 Change in fair value of derivatives used for cash flow hedges (3,601) 2,493 463 Reclassification adjustments for (gains) losses realized in income (1,588) (1,068) 1,419 Income tax effect 1,514 (418) (793) Net change in unrealized (losses) gains on cash flow hedges (3,675) 1,007 1,089 Other comprehensive income (loss) $ 6,771 $ (173) $ 777 The following is a summary of the accumulated other comprehensive loss balances, net of income taxes, at the dates indicated: Other December 31, Comprehensive December 31, (In thousands) 2018 Income 2019 Unrealized (losses) gains on available for sale securities $ (11,685) $ 10,856 $ (829) Unrealized losses on pension benefits (6,365) (410) (6,775) Unrealized gains (losses) on cash flow hedges 2,938 (3,675) (737) Accumulated other comprehensive (loss) income, net of income taxes $ (15,112) $ 6,771 $ (8,341) The following represents the reclassifications out of accumulated other comprehensive (loss) income: Year Ended December 31, Affected Line Item in the (In thousands) 2019 2018 2017 Consolidated Statements of Income Realized gains (losses) on sale of available for sale securities $ 201 $ (7,921) $ 38 Net securities gains (losses) Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 77 77 77 Other operating expenses Transition obligation — (5) (27) Other operating expenses Actuarial losses (564) (456) (530) Other operating expenses Realized gains (losses) on cash flow hedges 1,588 1,068 (1,419) Interest expense Total reclassifications, before income tax 1,302 (7,237) (1,861) Income tax (expense) benefit (380) 2,105 762 Income tax expense Total reclassifications, net of income tax $ 922 $ (5,132) $ (1,099)

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2019
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)	22. QUARTERLY FINANCIAL DATA (UNAUDITED) Selected Consolidated Quarterly Financial Data follows: 2019 Quarter Ended (In thousands, except per share amounts) March 31, June 30, September 30, December 31, Interest income $ 44,515 $ 46,352 $ 46,354 $ 44,320 Interest expense 10,192 10,835 9,639 8,672 Net interest income 34,323 35,517 36,715 35,648 Provision for loan losses 600 3,500 1,000 600 Net interest income after provision for loan losses 33,723 32,017 35,715 35,048 Non-interest income 5,218 5,499 6,244 8,426 Non-interest expense 22,599 24,004 24,204 25,332 Income before income taxes 16,342 13,512 17,755 18,142 Income tax expense 3,415 2,859 3,852 3,934 Net income $ 12,927 $ 10,653 $ 13,903 $ 14,208 Basic earnings per share $ 0.65 $ 0.53 $ 0.70 $ 0.71 Diluted earnings per share $ 0.65 $ 0.53 $ 0.70 $ 0.71 2018 Quarter Ended (In thousands, except per share amounts) March 31, June 30, September 30, December 31, Interest income $ 41,364 $ 41,551 $ 42,589 $ 43,480 Interest expense 6,825 7,622 8,375 9,382 Net interest income 34,539 33,929 34,214 34,098 Provision for loan losses 800 400 200 400 Net interest income after provision for loan losses 33,739 33,529 34,014 33,698 Non-interest income (loss) 4,113 (2,578) (1) 4,918 5,115 Non-interest expense 22,598 22,507 31,004 (2) 22,071 (3) Income before income taxes 15,254 8,444 7,928 16,742 Income tax expense 3,181 1,701 1,381 2,878 Net income $ 12,073 $ 6,743 $ 6,547 $ 13,864 Basic earnings per share $ 0.61 $ 0.34 $ 0.33 $ 0.70 Diluted earnings per share $ 0.61 $ 0.34 $ 0.33 $ 0.70 (1) 2018 amount includes a pre-tax net securities loss of $7.9 million. (2) 2018 amount includes a pre-tax charge related to the fraudulent conduct of a business customer of $9.5 million. (3) 2018 amount includes a pre-tax charge of $0.8 million related to office relocation costs and a pre-tax recovery of $0.6 million related to fraud loss.

NET FRAUD LOSS

NET FRAUD LOSS	12 Months Ended
	Dec. 31, 2019
NET FRAUD LOSS
NET FRAUD LOSS	23. NET FRAUD LOSS The Company incurred a pre-tax charge of $8.9 million in the year ended December 31, 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. In January 2019, the Company filed a claim for the loss with its insurance carrier, but the extent and amount of coverage is not yet certain.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation The consolidated financial statements include Bridge Bancorp, Inc. (the “Holding Company”), a bank holding company incorporated under the laws of the State of New York, and its wholly-owned subsidiary, BNB Bank (the “Bank”), together referred to as “the Company.” 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”). Intercompany transactions and balances are eliminated in consolidation. The Company provides financial services through its branches in its primary market areas of Suffolk and Nassau Counties on Long Island and the New York City boroughs. The Bank’s primary deposit products are time, savings and demand deposits from the consumers, businesses and local municipalities in its market area. Its primary lending products are commercial real estate, multi-family, commercial and industrial, and residential mortgage loans. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the area. The audited consolidated financial statements presented in this Annual Report on Form 10-K 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 financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and general practices within the financial institution industry. The following is a description of the significant accounting policies that the Company follows in preparing its consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual future results could differ.
Cash Flows	Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, interest- earning deposits with banks, and federal funds sold, which mature overnight. Net cash flows are reported for customer loan and deposit transactions, federal funds purchased, FHLB advances, and repurchase agreements.
Securities	Securities Debt securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Equity securities are carried at fair value, with changes in fair value reported in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting in observable price changes in orderly transactions for the identical or a similar investment. On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2016-01 , Financial Instruments , which requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The adoption of this guidance resulted in no change to the Company’s consolidated financial statements. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the near-term prospects of the issuer. Management also assesses whether it intends to sell, or is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet these criteria, the amount of impairment is split into two components as follows: (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. 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. Securities, Restricted Securities, restricted represents FHLB, Federal Reserve Bank (“FRB”) and bankers’ banks stock, which are reported at cost. The Bank is a member of the FHLB system. 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. FHLB stock is periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.
Loans Held for Sale	Loans Held for Sale Loans held for sale are carried at the lower of aggregate cost or estimated fair value. Any subsequent declines in fair value below the initial carrying value are recorded as a valuation allowance, which is established through a charge to earnings.
Loans, Loan Interest Income Recognition and Loans Held for Sale	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal amount outstanding, net of partial charge-offs, deferred origination costs and fees and purchase premiums and discounts. Loan origination and commitment fees and certain direct and indirect costs incurred in connection with loan originations are deferred and amortized to income over the life of the related loans as an adjustment to yield. When a loan prepays, the remaining unamortized net deferred origination fees or costs are recognized in the current year. Interest on loans is credited to income based on the principal outstanding during the period. Past due status is based on the contractual terms of the loan. Loans that are 90 days past due are automatically placed on non-accrual and previously accrued interest is reversed and charged against interest income. However, if the loan is in the process of collection and the Bank has reasonable assurance that the loan will be fully collectable based upon an individual loan evaluation assessing such factors as collateral and collectability, accrued interest will be recognized as earned. If a payment is received when a loan is non-accrual or a troubled debt restructuring loan is non-accrual, the payment is applied to the principal balance. A troubled debt restructured loan performing in accordance with its modified terms is maintained on accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status and the probability of collecting scheduled principal and interest payments when due. Loans for which the terms have been modified as a concession to the borrower due to the borrower experiencing financial difficulties are considered troubled debt restructurings and are classified as impaired. Loans considered to be troubled debt restructurings can be categorized as non-accrual or performing. The impairment of a loan is measured at the present value of expected future cash flows using the loan’s effective interest rate, or at the loan’s observable market price or the fair value of the collateral less costs to sell if the loan is collateral dependent. Loans that experience minor payment delays and payment shortfalls generally are not classified as impaired. Non-residential real estate loans over $200,000 and residential real estate loans over $1.0 million are individually evaluated for impairment. Smaller balance loans may also be individually evaluated for impairment if they are part of a larger impaired relationship. Loans with balances below the aforementioned thresholds are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. Loans that were acquired through the acquisition of Community National Bank (“CNB”) on June 19, 2015 and First National Bank of New York (“FNBNY”) on February 14, 2014, were initially recorded at fair value with no carryover of the related allowance for loan losses. After acquisition, losses are recognized through the allowance for loan losses. Determining fair value of the loans involves estimating the amount and timing of expected principal and interest cash flows to be collected on the loans and discounting those cash flows at a market interest rate. Some of the loans at the time of acquisition showed evidence of credit deterioration since origination. These loans are considered purchased credit impaired (“PCI”) loans. For PCI loans, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the non-accretable discount. The non-accretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent increases to the expected cash flows result in the reversal of a corresponding amount of the non-accretable discount, which is then reclassified as accretable discount and recognized into interest income over the remaining life of the loan using the interest method. Subsequent decreases to the expected cash flows require management to evaluate the need for an addition to the allowance for loan losses. PCI loans that were non-accrual prior to acquisition may be considered performing upon acquisition, regardless of whether the customer is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be non-accrual or non-performing and may accrue interest on these loans, including the impact of any accretable discount. Unless otherwise noted, the above policy is applied consistently to all loan classes.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established and maintained through a provision for loan losses based on probable incurred losses in our loan portfolio. Management evaluates the adequacy of the allowance on a quarterly basis. The allowance is comprised of both individual valuation allowances and loan pool valuation allowances. Management monitors its entire loan portfolio regularly, with consideration given to detailed analysis of classified loans, repayment patterns, probable incurred losses, past loss experience, current economic conditions, and various types of concentrations of credit. Additions to the allowance are charged to expense and realized losses, net of recoveries, are charged against the allowance. Individual valuation allowances are established in connection with specific loan reviews and the asset classification process including the procedures for impairment testing under Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) 310, “Receivables”. Such valuation, which includes a review of loans for which full collectability in accordance with contractual terms is not reasonably assured, considers the estimated fair value of the underlying collateral less the costs to sell, if any, or the present value of expected future cash flows, or the loan’s observable market value. Any shortfall that exists from this analysis results in a specific allowance for the loan. Pursuant to the Company’s policy, loan losses must be charged-off in the period the loans, or portions thereof, are deemed uncollectable. Assumptions and judgments by management, in conjunction with outside sources, are used to determine whether full collectability of a loan is not reasonably assured. These assumptions and judgments are also used to determine the estimates of the fair value of the underlying collateral or the present value of expected future cash flows or the loan’s observable market value. Individual valuation allowances could differ materially as a result of changes in these assumptions and judgments. Individual loan analyses are periodically performed on specific loans considered impaired. The results of the individual valuation allowances are aggregated and included in the overall allowance for loan losses. Loan pool valuation allowances represent loss allowances that have been established to recognize the inherent risks associated with the Bank’s lending activities, but which, unlike individual allowances, have not been allocated to particular problem assets. Pool evaluations are broken down into loans with homogenous characteristics by loan type and include commercial real estate mortgages, owner and non-owner occupied; multi-family mortgage loans; home equity loans; residential real estate mortgages; commercial, industrial and agricultural loans, secured and unsecured; real estate construction and land loans; and consumer loans. Management considers a variety of factors in determining the adequacy of the valuation allowance and has developed a range of valuation allowances necessary to adequately provide for probable incurred losses in each pool of loans. Management considers the Bank’s charge-off history along with the growth in the portfolio as well as the Bank’s credit administration and asset management philosophies and procedures when determining the allowances for each pool. In addition, management evaluates and considers credit risk ratings, which includes management’s evaluation of: cash flow, collateral, guarantor support, financial disclosures, industry trends and strength of borrowers’ management, the impact that economic and market conditions may have on the portfolio as well as known and inherent risks in the portfolio. Finally, management evaluates and considers the allowance ratios and coverage percentages of both peer group and regulatory agency data. These evaluations are inherently subjective because, even though they are based on objective data, it is management’s interpretation of that data that determines the amount of the appropriate allowance. If the evaluations prove to be incorrect, the allowance for loan losses may not be sufficient to cover losses inherent in the loan portfolio, resulting in additions to the allowance for loan losses. For PCI loans, a valuation allowance is established when it is probable that the Bank will be unable to collect all the cash flows expected at acquisition plus additional cash flows expected to be collected arising from changes in estimate after acquisition. A specific allowance is established when subsequent evaluations of expected cash flows from PCI loans reflect a decrease in those estimates. The allowance established represents the excess of the recorded investment in those loans over the present value of the currently estimated future cash flow, discounted at the last effective accounting yield. The Bank uses assumptions and methodologies that are relevant to estimating the level of impairment and probable losses in the loan portfolio. To the extent that the data supporting such assumptions has limitations, management’s judgment and experience play a key role in recording the allowance estimates. Additions to the allowance for loan losses are made by provisions charged to earnings. Furthermore, an improvement in the expected cash flows related to PCI loans would result in a reduction of the required specific allowance with a corresponding credit to the provision. Future additions or reductions to the allowance may be necessary based on changes in economic, market or other conditions. Changes in estimates could result in a material change in the allowance. In addition, various regulatory agencies, as an integral part of the examination process, periodically review the allowance for loan losses. Such agencies may require the Bank to recognize adjustments to the allowance based on their judgments of the information available to them at the time of their examination. A loan is considered a potential charge-off when it is in default of either principal or interest for a period of 90, 120 or 180 days, depending upon the loan type, as of the end of the prior month. In addition to delinquency criteria, other triggering events may include, but are not limited to, notice of bankruptcy by the borrower or guarantor, death of the borrower, and deficiency balance from the sale of collateral. Unless otherwise noted, the above policy is applied consistently to all loan portfolio segments.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Buildings and related components are depreciated using the straight-line method with a useful life of fifty years for buildings and a range of two to ten years for equipment, computer hardware and software, and furniture and fixtures. Leasehold improvements are amortized over the lives of the respective leases or the service lives of the improvements, whichever is shorter. Land is carried at cost. Improvements and major repairs are capitalized, while the cost of ordinary maintenance, repairs and minor improvements are charged to expense.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Bank is the owner and beneficiary of life insurance policies on certain employees. Bank-owned life insurance (“BOLI”) is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Other Real Estate Owned	Other Real Estate Owned Real estate properties acquired through, or in lieu of, foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed.
Goodwill and other Intangible Assets	Goodwill and Other Intangible Assets Goodwill resulting from business combinations is generally determined as the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and indefinite-lived intangible assets are not amortized, but tested for impairment at least annually, or more frequently if events and circumstances exist that indicate the carrying amount of the asset may be impaired. The Company has selected November 30 as the date to perform the annual impairment test. Goodwill and the BNB Bank trademark are intangible assets with indefinite lives on the Company’s balance sheet. Other intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible assets are amortized on an accelerated method over their estimated useful lives of ten years. Other intangible assets also include servicing rights, which result from the sale of Small Business Administration (“SBA”) loans with servicing rights retained. Servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. Servicing assets are subsequently measured using the amortization method, which requires servicing rights to be amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as unused lines of credit, commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded on the balance sheet when they are funded.
Derivatives	Derivatives The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income (“OCI”) and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods in which the hedged transactions will affect earnings.
Income Taxes	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. It is management’s position, as currently supported by the facts and circumstances, that no valuation allowance is necessary against any of the Company’s deferred tax assets. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. There are no such tax positions in the Company’s financial statements at December 31, 2019 and 2018. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company did not have any amounts accrued for interest and penalties at December 31, 2019 and 2018.
Treasury Stock	Treasury Stock Repurchases of common stock are recorded as treasury stock at cost. Treasury stock is reissued using the first in, first out method.
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) Basic EPS is net income attributable to common shareholders divided by the weighted average number of common shares outstanding during the period. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for this calculation. Diluted EPS includes the dilutive effect of additional potential common shares issuable under stock options.
Dividend Restriction	Dividend Restriction Cash available for distribution of dividends to stockholders of the Company is primarily derived from cash and cash equivalents of the Company and dividends paid by the Bank to the Company. Prior regulatory approval is required if the total of all dividends declared by the Bank in any calendar year exceeds the total of the Bank’s net income of that year combined with its retained net income of the preceding two years. Dividends from the Bank to the Company at January 1, 2020 are limited to $58.7 million, which represents the Bank’s net retained earnings from the previous two years. During 2019, the Bank paid $24.5 million in cash dividends to the Company.
Segment Reporting	Segment Reporting While management monitors the revenue streams of the various products and services, the identifiable segments are not material and operations are managed and financial performance is evaluated on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.
Stock-Based Compensation	Stock-Based Compensation Compensation cost is recognized for stock options, restricted stock awards (“RSAs”), and restricted stock units (“RSUs”) issued to employees and independent directors, based on the fair value of these awards at the date of the grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used to estimate the fair value for RSAs and RSUs. Compensation cost is recognized as expense over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on available for sale securities, unrealized gains and losses on cash flow hedges, and changes in the funded status of the pension plan, which are also recognized as separate components of equity.
Reclassifications	Reclassifications Certain reclassifications have been made to prior year amounts to conform to the current year presentation.
Standards Effective in 2019 and 2020	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 7. “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, the FASB issued guidance to replace the incurred loss methodology with an expected loss methodology, which is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and 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 leases recognized by a lessor in accordance with Topic 842 on leases. In addition, Topic 326 made changes to the accounting for available for sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available for sale debt securities management does not intend to sell or believes that it is more likely than not they will be required to sell. The Company adopted Topic 326 in the first quarter of 2020 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. A cumulative-effect adjustment will be recorded in retained earnings as of January 1, 2020. Results for reporting periods beginning after January 1, 2020 will be presented under Topic 326 while prior period amounts will continue to be reported in accordance with previously applicable GAAP. T he 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. T he Company continues to finalize its impact assumptions, documentation of internal controls and model validation, and expects the cumulative effect of adopting Topic 326 as of January 1, 2020 will result in an initial increase to the allowance for credit losses, including the increase in reserve for unfunded commitments, of up to approximately 10% above the current allowance for loan losses levels. Based on the credit quality of the Company's securities portfolio, the Company expects the allowance for credit losses for securities held to maturity and securities available for sale to be minimal. 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 did not have an 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 did not have a material effect on the Company's consolidated financial statements.

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
SECURITIES.
Schedule of amortized cost and fair value of the available for sale and held to maturity	December 31, 2019 2018 Gross Gross Estimated Gross Gross Estimated Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value Cost Gains Losses Value Available for sale: U.S. Treasury securities $ 50,833 $ — $ (11) $ 50,822 $ — $ — $ — $ — U.S. GSE securities 5,000 — (5) 4,995 29,997 — (947) 29,050 State and municipal obligations 34,303 704 (43) 34,964 40,980 105 (354) 40,731 U.S. GSE residential mortgage-backed securities 84,550 609 (468) 84,691 96,536 38 (3,036) 93,538 U.S. GSE residential collateralized mortgage obligations 278,149 1,166 (1,464) 277,851 362,905 826 (5,954) 357,777 U.S. GSE commercial mortgage-backed securities 13,656 23 (70) 13,609 3,536 — (28) 3,508 U.S. GSE commercial collateralized mortgage obligations 102,722 1,723 (289) 104,156 93,177 — (2,539) 90,638 Other asset-backed securities 24,250 — (849) 23,401 24,250 — (1,031) 23,219 Corporate bonds 46,000 — (2,198) 43,802 46,000 — (3,575) 42,425 Total available for sale 639,463 4,225 (5,397) 638,291 697,381 969 (17,464) 680,886 Held to maturity: State and municipal obligations 41,008 809 — 41,817 53,540 290 (276) 53,554 U.S. GSE residential mortgage-backed securities 8,142 5 (54) 8,093 9,688 — (336) 9,352 U.S. GSE residential collateralized mortgage obligations 39,936 624 (62) 40,498 48,244 163 (1,130) 47,277 U.S. GSE commercial mortgage-backed securities 17,215 102 (82) 17,235 19,098 4 (620) 18,482 U.S. GSE commercial collateralized mortgage obligations 27,337 191 (144) 27,384 29,593 — (1,466) 28,127 Total held to maturity 133,638 1,731 (342) 135,027 160,163 457 (3,828) 156,792 Total securities $ 773,101 $ 5,956 $ (5,739) $ 773,318 $ 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	December 31, 2019 Within After One but After Five but After One Year Within Five Years Within Ten Years Ten Years Total Estimated Estimated Estimated Estimated Estimated Fair Amortized Fair Amortized Fair Amortized Fair Amortized Fair Amortized (In thousands) Value Cost Value Cost Value Cost Value Cost Value Cost Available for sale: U.S. Treasury securities $ 50,822 $ 50,833 $ — $ — $ — $ — $ — $ — $ 50,822 $ 50,833 U.S. GSE securities — — 4,995 5,000 — — — — 4,995 5,000 State and municipal obligations 1,143 1,142 14,829 14,620 16,540 16,088 2,452 2,453 34,964 34,303 U.S. GSE residential mortgage-backed securities — — — — — — 84,691 84,550 84,691 84,550 U.S. GSE residential collateralized mortgage obligations — — — — — — 277,851 278,149 277,851 278,149 U.S. GSE commercial mortgage-backed securities — — 8,761 8,753 4,848 4,903 — — 13,609 13,656 U.S. GSE commercial collateralized mortgage obligations — — — — — — 104,156 102,722 104,156 102,722 Other asset backed securities — — — — — — 23,401 24,250 23,401 24,250 Corporate bonds — — 14,538 15,000 29,264 31,000 — — 43,802 46,000 Total available for sale 51,965 51,975 43,123 43,373 50,652 51,991 492,551 492,124 638,291 639,463 Held to maturity: State and municipal obligations 8,838 8,827 23,382 22,902 9,444 9,129 153 150 41,817 41,008 U.S. GSE residential mortgage-backed securities — — — — 5,919 5,947 2,174 2,195 8,093 8,142 U.S. GSE residential collateralized mortgage obligations — — — — 3,865 3,871 36,633 36,065 40,498 39,936 U.S. GSE commercial mortgage-backed securities — — 4,824 4,776 4,835 4,805 7,576 7,634 17,235 17,215 U.S. GSE commercial collateralized mortgage obligations — — 387 392 — — 26,997 26,945 27,384 27,337 Total held to maturity 8,838 8,827 28,593 28,070 24,063 23,752 73,533 72,989 135,027 133,638 Total securities $ 60,803 $ 60,802 $ 71,716 $ 71,443 $ 74,715 $ 75,743 $ 566,084 $ 565,113 $ 773,318 $ 773,101
Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months	December 31, 2019 2018 Less than 12 months Greater than 12 months Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Value Losses Value Losses Available for sale: U.S. Treasury securities $ 50,822 $ (11) $ — $ — $ — $ — $ — $ — U.S. GSE securities — — 4,995 (5) — — 29,050 (947) State and municipal obligations 4,982 (42) 76 (1) 6,655 (15) 21,273 (339) U.S. GSE residential mortgage-backed securities 2,935 (30) 39,617 (438) — — 88,762 (3,036) U.S. GSE residential collateralized mortgage obligations 81,377 (480) 93,403 (984) 46,452 (141) 172,468 (5,813) U.S. GSE commercial mortgage-backed securities 6,648 (70) — — — — 3,508 (28) U.S. GSE commercial collateralized mortgage obligations 28,710 (145) 9,614 (144) 46,705 (623) 43,933 (1,916) Other asset-backed securities — — 23,401 (849) — — 23,219 (1,031) Corporate bonds — — 43,802 (2,198) — — 42,425 (3,575) Total available for sale $ 175,474 $ (778) $ 214,908 $ (4,619) $ 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 — — 7,268 (54) — — 9,352 (336) U.S. GSE residential collateralized mortgage obligations 6,750 (17) 6,105 (45) — — 40,665 (1,130) U.S. GSE commercial mortgage-backed securities — — 5,034 (82) — — 16,205 (620) U.S. GSE commercial collateralized mortgage obligations 13,038 (57) 4,300 (87) — — 28,127 (1,466) Total held to maturity $ 19,788 $ (74) $ 22,707 $ (268) $ 8,286 $ (26) $ 116,491 $ (3,802)

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2019
FAIR VALUE.
Schedule of assets and liabilities measured on a recurring basis	December 31, 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. Treasury securities $ 50,822 $ 50,822 U.S. GSE securities 4,995 4,995 State and municipal obligations 34,964 34,964 U.S. GSE residential mortgage-backed securities 84,691 84,691 U.S. GSE residential collateralized mortgage obligations 277,851 277,851 U.S. GSE commercial mortgage-backed securities 13,609 13,609 U.S. GSE commercial collateralized mortgage obligations 104,156 104,156 Other asset-backed securities 23,401 23,401 Corporate bonds 43,802 43,802 Total available for sale securities $ 638,291 $ 638,291 Derivatives $ 15,437 $ 15,437 Financial liabilities: Derivatives $ 16,645 $ 16,645 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	December 31, 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 $ 6,981 $ 6,981 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	December 31, 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 $ 77,693 $ 77,693 $ — $ — $ 77,693 Interest-bearing deposits with banks 39,501 39,501 — — 39,501 Securities available for sale 638,291 — 638,291 — 638,291 Securities restricted 32,879 n/a n/a n/a n/a Securities held to maturity 133,638 — 135,027 — 135,027 Loans held for sale 12,643 — — 12,643 12,643 Loans, net 3,647,499 — — 3,685,770 3,685,770 Derivatives 15,437 — 15,437 — 15,437 Accrued interest receivable 10,908 — 2,181 8,727 10,908 Financial liabilities: Certificates of deposit 307,977 — 308,660 — 308,660 Demand and other deposits 3,506,670 3,506,670 — — 3,506,670 FHLB advances 435,000 195,000 239,622 — 434,622 Repurchase agreements 999 — 999 — 999 Subordinated debentures 78,920 — 81,010 — 81,010 Derivatives 16,645 — 16,645 — 16,645 Accrued interest payable 1,467 — 1,467 — 1,467 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)	12 Months Ended
	Dec. 31, 2019
LOANS.
Schedule of the major classifications of loans	December 31, (In thousands) 2019 2018 Commercial real estate mortgage loans $ 1,565,687 $ 1,373,556 Multi-family mortgage loans 812,174 585,827 Residential real estate mortgage loans 493,144 519,763 Commercial, industrial and agricultural loans 679,444 645,724 Real estate construction and land loans 97,311 123,393 Installment/consumer loans 24,836 20,509 Total loans 3,672,596 3,268,772 Net deferred loan costs and fees 7,689 7,039 Total loans held for investment 3,680,285 3,275,811 Allowance for loan losses (32,786) (31,418) Loans, net $ 3,647,499 $ 3,244,393
Schedule of loans by class categorized by internally assigned credit risk grades	December 31, 2019 (In thousands) Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 511,444 $ 18,426 $ 1,218 $ — $ 531,088 Non-owner occupied 1,022,208 — 12,391 — 1,034,599 Multi-family 811,770 404 — — 812,174 Residential real estate: Residential mortgage 408,933 11,490 4,089 — 424,512 Home equity 67,016 910 706 — 68,632 Commercial and industrial: Secured 162,431 2,074 9,714 — 174,219 Unsecured 480,982 13,596 10,647 — 505,225 Real estate construction and land loans 95,530 — 1,781 — 97,311 Installment/consumer loans 23,976 103 757 — 24,836 Total loans $ 3,584,290 $ 47,003 $ 41,303 $ — $ 3,672,596 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	December 31, 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 $ 917 $ 433 $ — $ 225 $ 1,575 $ 529,513 $ 531,088 Non-owner occupied 98 — — 512 610 1,033,989 1,034,599 Multi-family — — — — — 812,174 812,174 Residential real estate: Residential mortgages 2,446 — — 2,086 4,532 419,980 424,512 Home equity 607 747 343 657 2,354 66,278 68,632 Commercial and industrial: Secured 24 187 — 206 417 173,802 174,219 Unsecured 249 534 — 530 1,313 503,912 505,225 Real estate construction and land loans — — — 123 123 97,188 97,311 Installment/consumer loans 124 — — 30 154 24,682 24,836 Total loans $ 4,465 $ 1,901 $ 343 $ 4,369 $ 11,078 $ 3,661,518 $ 3,672,596 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	Year Ended December 31, 2019 December 31, 2019 Unpaid Related Average Interest Recorded Principal Allocated Recorded Income (In thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 3,379 $ 3,401 $ — $ 1,286 $ 41 Non-owner occupied 2,296 2,296 — 2,149 99 Residential real estate: Residential mortgages — — — — — Home equity 294 300 — 74 — Commercial and industrial: Secured 494 494 — 287 18 Unsecured 8,863 8,863 — 6,601 411 Total with no related allowance recorded 15,326 15,354 — 10,397 569 With an allowance recorded: Commercial real estate: Owner occupied — — — — — Non-owner occupied — — — — — Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured 9,612 9,612 3,435 6,189 223 Unsecured 2,045 2,051 1,241 1,838 86 Total with an allowance recorded 11,657 11,663 4,676 8,027 309 Total: Commercial real estate: Owner occupied 3,379 3,401 — 1,286 41 Non-owner occupied 2,296 2,296 — 2,149 99 Residential real estate: Residential mortgages — — — — — Home equity 294 300 — 74 — Commercial and industrial: Secured 10,106 10,106 3,435 6,476 241 Unsecured 10,908 10,914 1,241 8,439 497 Total $ 26,983 $ 27,017 $ 4,676 $ 18,424 $ 878 Year Ended December 31, 2018 December 31, 2018 Unpaid Related Average Interest Recorded Principal Allocated Recorded Income (In thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 268 $ 278 $ — $ 177 $ — Non-owner occupied 2,816 2,816 — 1,583 88 Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured 8,234 8,234 — 5,644 196 Unsecured 5,316 5,316 — 5,127 284 Total with no related allowance recorded 16,634 16,644 — 12,531 568 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 2,757 91 Unsecured — — — — — Total with an allowance recorded 2,721 2,721 189 2,757 91 Total: Commercial real estate: Owner occupied 268 278 — 177 — Non-owner occupied 2,816 2,816 — 1,583 88 Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured 10,955 10,955 189 8,401 287 Unsecured 5,316 5,316 — 5,127 284 Total $ 19,355 $ 19,365 $ 189 $ 15,288 $ 659 December 31, 2017 Year Ended December 31, 2017 Unpaid Related Average Interest Recorded Principal Allocated Recorded Income (In thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ — $ 173 $ 80 Non-owner occupied 9,089 9,089 — 7,001 400 Residential real estate: Residential mortgages — — — — — Home equity 100 100 — 8 — Commercial and industrial: Secured 7,368 8,013 — 2,633 211 Unsecured 2,154 2,408 — 592 36 Total with no related allowance recorded 20,784 21,683 — 10,407 727 With an allowance recorded: Commercial real estate: Owner occupied — — — — — Non-owner occupied — — — — — Residential real estate: Residential mortgages — — — — — Home equity — — — — — Commercial and industrial: Secured — — — — — Unsecured 1,708 3,235 1,708 142 174 Total with an allowance recorded 1,708 3,235 1,708 142 174 Total: Commercial real estate: Owner occupied 2,073 2,073 — 173 80 Non-owner occupied 9,089 9,089 — 7,001 400 Residential real estate: Residential mortgages — — — — — Home equity 100 100 — 8 — Commercial and industrial: Secured 7,368 8,013 — 2,633 211 Unsecured 3,862 5,643 1,708 734 210 Total $ 22,492 $ 24,918 $ 1,708 $ 10,549 $ 901
Schedule of loans receivable by class modified as troubled debt restructuring	Modifications During the Year Ended December 31, 2019 2018 2017 Pre- Post- Pre- Post- Pre- Post- Modification Modification Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Number of Recorded Recorded (Dollars in thousands) Loans Investment Investment Loans Investment Investment Loans Investment Investment Commercial real estate: Owner occupied 3 $ 8,582 $ 8,582 — $ — $ — — $ — $ — Non-owner occupied — — — 1 926 926 2 7,764 7,764 Residential real estate: Residential mortgages 1 338 338 1 644 644 — — — Home equity — — — — — — — — — Commercial and industrial: Secured 7 6,920 6,920 2 1,994 1,994 7 6,828 6,828 Unsecured 8 5,908 5,908 8 5,655 5,655 2 189 189 Installment/consumer loans — — — — — — — — — Total 19 $ 21,748 $ 21,748 12 $ 9,219 $ 9,219 11 $ 14,781 $ 14,781
Schedule of activity in the accretable yield for the purchased credit impaired loans	Year Ended December 31, (In thousands) 2019 2018 Balance at beginning of period $ 460 $ 2,151 Accretion (515) (1,842) Reclassification from nonaccretable difference during the period 129 151 Accretable discount at end of period $ 74 $ 460
Schedule of selected information about related party loans	Year Ended December 31, (In thousands) 2019 Balance at beginning of period $ 21,047 New loans 1,128 Repayments (9,826) Balance at end of period $ 12,349

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 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	December 31, 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 $ — $ — $ — $ 4,676 $ — $ — $ 4,676 Collectively evaluated for impairment 12,150 4,829 1,882 7,907 1,066 276 28,110 Loans acquired with deteriorated credit quality — — — — — — — Total allowance for loan losses $ 12,150 $ 4,829 $ 1,882 $ 12,583 $ 1,066 $ 276 $ 32,786 Loans: Individually evaluated for impairment $ 5,675 $ — $ 294 $ 21,014 $ — $ — $ 26,983 Collectively evaluated for impairment 1,560,012 812,174 492,507 658,430 97,311 24,836 3,645,270 Loans acquired with deteriorated credit quality — — 343 — — — 343 Total loans $ 1,565,687 $ 812,174 $ 493,144 $ 679,444 $ 97,311 $ 24,836 $ 3,672,596 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 recorded investment in loans excludes accrued interest receivable and loan origination fees, net due to immateriality. The increase in the specific reserve on impaired loans from December 31, 2018 to December 31, 2019 was primarily attributable to the restructuring of certain taxi medallion loans which had matured during 2019. All of the Bank’s taxi medallion loans have been restructured as of December 31, 2019, resulting in a shift in the reserves on the commercial and industrial loan portfolio from the general reserves to the specific reserves. The following tables represent the changes in the allowance for loan losses for the years ended December 31, 2019, 2018 and 2017, 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. Year Ended December 31, 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) — — (799) — (13) (4,482) Recoveries 1 — 112 25 — 12 150 Provision (Credit) 5,027 2,263 (2,165) 635 (231) 171 5,700 Ending balance $ 12,150 $ 4,829 $ 1,882 $ 12,583 $ 1,066 $ 276 $ 32,786 Year Ended 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: Beginning balance $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707 Charge-offs — — (24) (2,806) — (11) (2,841) Recoveries — — 3 747 — 2 752 (Credit) Provision (256) (1,955) 1,518 1,943 557 (7) 1,800 Ending balance $ 10,792 $ 2,566 $ 3,935 $ 12,722 $ 1,297 $ 106 $ 31,418 Year Ended December 31, 2017 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 $ 9,225 $ 6,264 $ 1,495 $ 7,837 $ 955 $ 128 $ 25,904 Charge-offs — — — (8,245) — (49) (8,294) Recoveries — — 28 16 — 3 47 Provision (Credit) 1,823 (1,743) 915 13,230 (215) 40 14,050 Ending balance $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707

PREMISES AND EQUIPMENT, NET (Ta

PREMISES AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2019
PREMISES AND EQUIPMENT, NET
Schedule of components of premises and equipment	December 31, (In thousands) 2019 2018 Land $ 7,896 $ 7,896 Building and improvements 17,271 17,227 Furniture, fixtures and equipment 25,288 23,328 Leasehold improvements 12,356 13,470 62,811 61,921 Accumulated depreciation and amortization (28,749) (26,913) Total premises and equipment, net $ 34,062 $ 35,008

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2019
LEASES
Summary of lease costs	Year Ended (In thousands) December 31, 2019 Lease cost Operating lease cost $ 7,038 Sublease income (95) Total lease cost $ 6,943
Summary of supplemental cash flow and balance sheet information related to operating leases	Year Ended (Dollars in thousands) December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 7,019 Operating right-of-use assets obtained in exchange for lease liabilities $ 48,101 December 31, 2019 Weighted-average remaining lease term-operating leases 7.8 years Weighted-average discount rate-operating leases (1) 3.20 % 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	(In thousands) December 31, 2019 2020 $ 7,011 2021 6,974 2022 6,802 2023 5,853 2024 5,595 Thereafter 20,324 Total operating lease payments $ 52,559 Less: Interest (6,582) Present value of operating lease liabilities $ 45,977

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of acquired intangible assets	December 31, 2019 2018 Gross Gross Carrying Accumulated Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Intangible assets subject to amortization: Core deposit intangibles $ 7,211 $ 5,113 $ 7,211 $ 4,326 Intangible assets not subject to amortization: Trademark 259 — 259 — Total intangible assets $ 7,470 $ 5,113 $ 7,470 $ 4,326
Schedule of estimated amortization expense	(In thousands) Total 2020 $ 656 2021 531 2022 413 2023 281 2024 164 Thereafter 53 Total $ 2,098

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2019
DEPOSITS
Schedule of the remaining maturities of the Bank's time deposits	(In thousands) Total 2020 $ 203,834 2021 83,420 2022 11,272 2023 4,072 2024 4,977 Thereafter 402 Total $ 307,977

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)	12 Months Ended
	Dec. 31, 2019
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE.
Schedule of summary of information concerning the securities sold under agreements to repurchase	Year Ended December 31, (Dollars in thousands) 2019 2018 Average daily balance during the year $ 849 $ 1,078 Average interest rate during the year 0.05 % 0.04 % Maximum month-end balance during the year $ 1,037 $ 1,610 Weighted average interest rate at year-end 0.05 % 0.05 %

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	12 Months Ended
	Dec. 31, 2019
FEDERAL HOME LOAN BANK ADVANCES.
Schedule of FHLB advances	Year Ended December 31, (Dollars in thousands) 2019 2018 Average daily balance during the year $ 245,283 $ 324,653 Average interest rate during the year 1.86 % 1.76 % Maximum month-end balance during the year $ 435,000 $ 520,092 Weighted average interest rate at year-end 1.82 % 2.72 %
Schedule of contractual maturities and weighted average interest rates of FHLB advances	December 31, 2019 (Dollars in thousands) Weighted Contractual Maturity Amount Average Rate Overnight $ 195,000 1.81 % 2020 240,000 1.84 Total FHLB advances $ 435,000 1.82 % 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)	12 Months Ended
	Dec. 31, 2019
DERIVATIVES.
Schedule of information about the interest rate swap designated as a cash flow hedge	December 31, (Dollars in thousands) 2019 2018 Notional amounts $ 290,000 $ 240,000 Weighted average pay rates 1.84 % 1.84 % Weighted average receive rates 1.94 % 2.77 % Weighted average maturity 2.91 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 (loss) 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 Year ended December 31, 2019 $ (3,601) $ — $ 1,588 $ — Year ended December 31, 2018 2,493 — 1,068 — Year ended December 31, 2017 463 — (1,419) —
Schedule of cash flow hedge included in the Consolidated Balance Sheets	December 31, 2019 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 $ 1,233 $ (978) $ 240,000 $ 4,239 $ (4) Forward starting interest rate swaps related to FHLB advances $ 50,000 $ — $ (1,427) $ — $ — $ —
Schedule of information about interest rate swaps	December 31, (Dollars in thousands) 2019 2018 Notional amounts $ 823,894 $ 193,401 Weighted average pay rates 3.75 % 4.52 % Weighted average receive rates 3.75 % 4.52 % Weighted average maturity 10.77 years 12.25 years Fair value of combined interest rate swaps $ — $ —

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
Schedule of components of income tax expense	Year Ended December 31, (In thousands) 2019 2018 2017 Current: Federal $ 12,665 $ 5,270 $ 8,762 State 639 1,023 937 Total current 13,304 6,293 9,699 Deferred: Federal (419) 3,299 10,251 State 1,175 (451) (1,004) Total deferred 756 2,848 9,247 Total income tax expense $ 14,060 $ 9,141 $ 18,946
Schedule of reconciliation of the expected Federal income tax expense at the statutory tax rate to the actual provision	Year Ended December 31, 2019 2018 2017 Percentage Percentage Percentage of Pre-tax of Pre-tax of Pre-tax (Dollars in thousands) Amount Earnings Amount Earnings Amount Earnings Federal income tax expense computed by applying the statutory rate to income before income taxes $ 13,808 21 % $ 10,157 21 % $ 13,820 35 % Tax-exempt income (920) (1) (1,002) (2) (1,808) (5) State taxes, net of federal income tax benefit 1,425 2 1,999 4 725 2 Deferred tax asset remeasurement (1) — — — — 7,572 19 Other (253) (1) (2,013) (4) (1,363) (3) Income tax expense $ 14,060 21 % $ 9,141 19 % $ 18,946 48 % (1) 2017 amount includes a charge to write-down deferred tax assets due to the enactment of the Tax Act of $7.6 million.
Schedule of components of deferred tax assets and liabilities	December 31, (In thousands) 2019 2018 Deferred tax assets: Allowance for loan losses and off-balance sheet credit exposure $ 10,305 $ 9,309 Net unrealized losses on securities 343 4,810 Compensation and related benefit obligations 2,368 2,427 Purchase accounting fair value adjustments 4,735 4,141 Net change in pension and other post-retirement benefits plans 2,809 2,630 Net operating loss carryforward 3,229 4,746 Net loss on cash flow hedges 304 — Operating lease liabilities 13,444 — Other 200 671 Total deferred tax assets 37,737 28,734 Deferred tax liabilities: Pension and SERP expense (4,904) (4,559) Depreciation (956) (1,163) REIT undistributed net income (2,403) (2,110) Net deferred loan costs and fees (2,413) (2,206) Net gain on cash flow hedges — (1,210) State and local taxes (1,227) (1,468) Operating lease right-of-use assets (12,934) — Other (835) (353) Total deferred tax liabilities (25,672) (13,069) Net deferred tax asset $ 12,065 $ 15,665

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT PLANS (Tables)	12 Months Ended
	Dec. 31, 2019
PENSION AND OTHER POSTRETIREMENT PLANS.
Schedule of information about changes in obligations and plan assets of the defined benefit pension plan and the defined benefit plan component of the SERP	Pension Benefits SERP Benefits Year Ended December 31, Year Ended December 31, (In thousands) 2019 2018 2019 2018 Change in benefit obligation: Benefit obligation at beginning of year $ 23,611 $ 24,759 $ 3,811 $ 3,919 Service cost 952 1,106 261 290 Interest cost 908 794 147 127 Benefits paid and expected expenses (475) (402) (112) (112) Assumption changes and other 3,761 (2,646) 1,216 (413) Benefit obligation at end of year $ 28,757 $ 23,611 $ 5,323 $ 3,811 Change in plan assets: Fair value of plan assets at beginning of year $ 33,874 $ 34,695 $ — $ — Actual return on plan assets 6,346 (2,079) — — Employer contribution — 1,660 112 112 Benefits paid and actual expenses (475) (402) (112) (112) Fair value of plan assets at end of year $ 39,745 $ 33,874 $ — $ — Funded status at end of year $ 10,988 $ 10,263 $ (5,323) $ (3,811)
Schedule of amounts recognized in accumulated other comprehensive income	Pension Benefits SERP Benefits December 31, December 31, (In thousands) 2019 2018 2019 2018 Net actuarial loss $ 7,997 $ 8,631 $ 2,071 $ 925 Prior service cost (484) (561) — — Net amount recognized $ 7,513 $ 8,070 $ 2,071 $ 925
Schedule of net periodic benefit cost and other amounts recognized in other comprehensive income	Pension Benefits SERP Benefits Year Ended December 31, Year Ended December 31, (In thousands) 2019 2018 2017 2019 2018 2017 Components of net periodic benefit cost and other amounts recognized in other comprehensive income: Service cost $ 952 $ 1,106 $ 1,129 $ 261 $ 290 $ 212 Interest cost 908 794 750 147 127 105 Expected return on plan assets (2,445) (2,547) (2,129) — — — Amortization of net loss 494 335 479 70 121 51 Amortization of prior service credit (77) (77) (77) — — — Amortization of transition obligation — — — — 5 27 Net periodic benefit (credit) cost $ (168) $ (389) $ 152 $ 478 $ 543 $ 395 Net (gain) loss $ (140) $ 1,980 $ (409) $ 1,216 $ (413) $ 710 Amortization of net loss (494) (335) (479) (70) (121) (51) Amortization of prior service credit 77 77 77 — — — Amortization of transition obligation — — — — (5) (27) Total recognized in other comprehensive income $ (557) $ 1,722 $ (811) $ 1,146 $ (539) $ 632
Schedule of average assumptions used to determine benefit obligations and net periodic benefit cost	Pension Benefits SERP Benefits December 31, December 31, 2019 2018 2017 2019 2018 2017 Weighted average assumptions used to determine benefit obligations: Discount rate 3.10 % 4.14 % 3.52 % 3.08 % 4.13 % 3.50 % Rate of compensation increase 3.00 3.00 3.00 5.00 5.00 5.00 Weighted average assumptions used to determine net periodic benefit cost: Discount rate 4.14 % 3.52 % 4.05 % 4.13 % 3.50 % 4.01 % Rate of compensation increase 3.00 3.00 3.00 5.00 5.00 5.00 Expected long-term rate of return 7.25 7.25 7.25 — — —
Schedule of target allocations for Plan assets	Weighted-Average- Target Percentage of Plan Assets Expected Long- Allocation At December 31, term Rate of Asset Category 2020 2019 2018 Return Cash equivalents 0 - 5 % 3.6 % 3.0 % — % Equity securities 45 - 65 57.9 54.8 9.5 Fixed income securities 30 - 50 38.5 42.2 5.0 Total 100.0 100.0
Schedule of the Plan's fair value hierarchy for its financial assets measured at fair value on a recurring basis	December 31, 2019 Fair Value Measurements Using: Quoted Prices Significant In Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ — $ — $ — $ — Short term investment funds 1,444 — 1,444 — Total cash and cash equivalents 1,444 — 1,444 — Equities: U.S. large cap 12,097 12,097 — — U.S. mid cap/small cap 4,195 4,195 — — International 6,320 6,320 — — Equities blend 414 414 — — Total equities 23,026 23,026 — — Fixed income securities: Government issues 2,024 2,024 — — Corporate bonds 2,926 — 2,926 — Mortgage-backed 1,033 — 1,033 — High yield bonds and bond funds 9,292 — 9,292 — Total fixed income securities 15,275 2,024 13,251 — Total plan assets $ 39,745 $ 25,050 $ 14,695 $ — December 31, 2018 Fair Value Measurements Using: Quoted Prices Significant In Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents: Cash $ — $ — $ — $ — Short term investment funds 1,063 — 1,063 — Total cash and cash equivalents 1,063 — 1,063 — Equities: U.S. large cap 9,173 9,173 — — U.S. mid cap/small cap 2,760 2,760 — — International 6,480 6,480 — — Equities blend 155 155 — — Total equities 18,568 18,568 — — Fixed income securities: Government issues 2,341 2,341 — — Corporate bonds 2,098 — 2,098 — Mortgage-backed 1,132 — 1,132 — High yield bonds and bond funds 8,672 — 8,672 — Total fixed income securities 14,243 2,341 11,902 — Total plan assets $ 33,874 $ 20,909 $ 12,965 $ —
Schedule of payments, which reflect expected future service, expected to be paid	Pension and SERP Year (in thousands) 2020 $ 931 2021 1,074 2022 1,148 2023 1,291 2024 1,298 2025-2029 9,246

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of granted stock options, Black-Scholes option-pricing model assumptions	Year Ended December 31, 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, December 31, 2019 110,660 35.71 8.7 years $ — Vested and Exercisable, December 31, 2019 15,795 36.19 8.1 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
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 (90,586) 27.20 Forfeited (19,531) 30.62 Unvested, December 31, 2019 293,717 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 2,556 29.03 Forfeited (16,184) 23.34 Vested (2,573) 32.90 Unvested, December 31, 2019 85,342 29.59

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE.
Schedule of computation of EPS	Year Ended December 31, (In thousands, except per share data) 2019 2018 2017 Net income $ 51,691 $ 39,227 $ 20,539 Dividends paid on and earnings allocated to participating securities (1,096) (853) (415) Income attributable to common stock $ 50,595 $ 38,374 $ 20,124 Weighted average common shares outstanding, including participating securities 19,952 19,875 19,759 Weighted average participating securities (424) (434) (404) Weighted average common shares outstanding 19,528 19,441 19,355 Basic earnings per common share $ 2.59 $ 1.97 $ 1.04 Income attributable to common stock $ 50,595 $ 38,374 $ 20,124 Weighted average common shares outstanding 19,528 19,441 19,355 Incremental shares from assumed conversions of options and restricted stock units 31 27 24 Weighted average common and equivalent shares outstanding 19,559 19,468 19,379 Diluted earnings per common share $ 2.59 $ 1.97 $ 1.04

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS (Tables)	12 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS
Schedule of commitments outstanding	December 31, (In thousands) 2019 2018 Standby letters of credit $ 23,670 $ 26,047 Loan commitments outstanding (1) 117,044 65,796 Unused lines of credit 674,194 636,772 Total commitments outstanding $ 814,908 $ 728,615 (1) Of the $117.0 million of loan commitments outstanding at December 31, 2019, $5.9 million are fixed rate commitments and $111.1 million are variable rate commitments. Of the $65.8 million of loan commitments outstanding at December 31, 2018, $20.5 million are fixed rate commitments and $45.3 million are variable rate commitments.

REGULATORY CAPITAL REQUIREMEN_2

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
REGULATORY CAPITAL REQUIREMENTS
Schedule of the Company's and Bank's actual capital amounts and ratios	December 31, 2019 Minimum Capital Minimum To Be Well Minimum Capital Adequacy Requirement with Capitalized Under Prompt Actual Capital Adequacy Requirement Capital Conservation Buffer Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital to risk-weighted assets: Consolidated $ 397,800 10.2 % $ 176,121 4.5 % $ 273,967 7.0 % n/a n/a Bank 474,056 12.1 176,114 4.5 273,954 7.0 $ 254,386 6.5 % Total capital to risk-weighted assets: Consolidated 510,862 13.1 313,105 8.0 410,950 10.5 n/a n/a Bank 507,118 13.0 313,091 8.0 410,932 10.5 391,363 10.0 Tier 1 capital to risk-weighted assets: Consolidated 397,800 10.2 234,828 6.0 332,674 8.5 n/a n/a Bank 474,056 12.1 234,818 6.0 332,659 8.5 313,091 8.0 Tier 1 capital to average assets: Consolidated 397,800 8.5 187,386 4.0 n/a n/a n/a n/a Bank 474,056 10.1 187,377 4.0 n/a n/a 234,222 5.0 December 31, 2018 Minimum Capital Minimum To Be Well Minimum Capital Adequacy Requirement with Capitalized Under Prompt Actual Capital Adequacy Requirement Capital Conservation Buffer Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Common equity tier 1 capital to risk-weighted assets: Consolidated $ 360,688 10.4 % $ 155,836 4.5 % $ 220,767 6.375 % n/a n/a Bank 438,963 12.7 155,831 4.5 220,761 6.375 $ 225,089 6.5 % Total capital to risk-weighted assets: Consolidated 472,382 13.6 277,041 8.0 341,973 9.875 n/a n/a Bank 470,657 13.6 277,033 8.0 341,963 9.875 346,291 10.0 Tier 1 capital to risk-weighted assets: Consolidated 360,688 10.4 207,781 6.0 272,712 7.875 n/a n/a Bank 438,963 12.7 207,775 6.0 272,704 7.875 277,033 8.0 Tier 1 capital to average assets: Consolidated 360,688 8.1 177,782 4.0 n/a n/a n/a n/a Bank 438,963 9.9 177,776 4.0 n/a n/a 222,220 5.0

PARENT COMPANY ONLY CONDENSED_2

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION
Schedule of condensed balance sheets	December 31, (In thousands) 2019 2018 Assets: Cash and cash equivalents $ 3,663 $ 1,537 Other assets 174 103 Investment in the Bank 573,410 532,105 Total assets $ 577,247 $ 533,745 Liabilities and stockholders’ equity: Subordinated debentures $ 78,920 $ 78,781 Other liabilities 1,173 1,134 Total liabilities 80,093 79,915 Total stockholders’ equity 497,154 453,830 Total liabilities and stockholders’ equity $ 577,247 $ 533,745
Schedule of condensed statements of income	Year Ended December 31, (In thousands) 2019 2018 2017 Dividends from the Bank $ 24,500 $ 15,000 $ — Interest expense 4,539 4,539 4,588 Non-interest expense 104 135 147 Income (loss) before income taxes and equity in undistributed earnings of the Bank 19,857 10,326 (4,735) Income tax benefit (994) (1,005) (1,774) Income (loss) before equity in undistributed earnings of the Bank 20,851 11,331 (2,961) Equity in undistributed earnings of the Bank 30,840 27,896 23,500 Net income $ 51,691 $ 39,227 $ 20,539
Schedule of condensed statements of cash flows	Year Ended December 31, (In thousands) 2019 2018 2017 Cash flows from operating activities: Net income $ 51,691 $ 39,227 $ 20,539 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed earnings of the Bank (30,840) (27,896) (23,500) Amortization 139 140 139 (Increase) decrease in other assets (73) 108 18 Increase (decrease) in other liabilities 39 11 (398) Net cash provided by (used in) operating activities 20,956 11,590 (3,202) Cash flows from financing activities: Repayment of junior subordinated debentures — — (352) Net proceeds from issuance of common stock 1,102 1,017 951 Purchase of treasury stock (625) — — Repurchase of surrendered stock from vesting of stock plans (887) (586) (350) Cash dividends paid (18,420) (18,342) (18,238) Net cash used in financing activities (18,830) (17,911) (17,989) Net increase (decrease) in cash and cash equivalents 2,126 (6,321) (21,191) Cash and cash equivalents at beginning of year 1,537 7,858 29,049 Cash and cash equivalents at end of year $ 3,663 $ 1,537 $ 7,858

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).
Schedule of other comprehensive income (loss) and related income tax effects	Year Ended December 31, (In thousands) 2019 2018 2017 Unrealized holding gains (losses) on available for sale securities $ 15,524 $ (8,429) $ (1,107) Reclassification adjustments for (gains) losses realized in income (201) 7,921 (38) Income tax effect (4,467) 160 640 Net change in unrealized gains (losses) on available for sale securities 10,856 (348) (505) Unrealized net loss arising during the period (1,076) (1,567) (302) Reclassification adjustments for amortization realized in income 487 384 480 Income tax effect 179 351 15 Net change in post-retirement obligation (410) (832) 193 Change in fair value of derivatives used for cash flow hedges (3,601) 2,493 463 Reclassification adjustments for (gains) losses realized in income (1,588) (1,068) 1,419 Income tax effect 1,514 (418) (793) Net change in unrealized (losses) gains on cash flow hedges (3,675) 1,007 1,089 Other comprehensive income (loss) $ 6,771 $ (173) $ 777
Schedule of accumulated other comprehensive loss balances, net of income taxes	Other December 31, Comprehensive December 31, (In thousands) 2018 Income 2019 Unrealized (losses) gains on available for sale securities $ (11,685) $ 10,856 $ (829) Unrealized losses on pension benefits (6,365) (410) (6,775) Unrealized gains (losses) on cash flow hedges 2,938 (3,675) (737) Accumulated other comprehensive (loss) income, net of income taxes $ (15,112) $ 6,771 $ (8,341)
Schedule of reclassifications out of accumulated other comprehensive (loss) income	Year Ended December 31, Affected Line Item in the (In thousands) 2019 2018 2017 Consolidated Statements of Income Realized gains (losses) on sale of available for sale securities $ 201 $ (7,921) $ 38 Net securities gains (losses) Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 77 77 77 Other operating expenses Transition obligation — (5) (27) Other operating expenses Actuarial losses (564) (456) (530) Other operating expenses Realized gains (losses) on cash flow hedges 1,588 1,068 (1,419) Interest expense Total reclassifications, before income tax 1,302 (7,237) (1,861) Income tax (expense) benefit (380) 2,105 762 Income tax expense Total reclassifications, net of income tax $ 922 $ (5,132) $ (1,099)

QUARTERLY FINANCIAL DATA (UNA_2

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2019
QUARTERLY FINANCIAL DATA (UNAUDITED)
Schedule of Selected Consolidated Quarterly Financial Data	2019 Quarter Ended (In thousands, except per share amounts) March 31, June 30, September 30, December 31, Interest income $ 44,515 $ 46,352 $ 46,354 $ 44,320 Interest expense 10,192 10,835 9,639 8,672 Net interest income 34,323 35,517 36,715 35,648 Provision for loan losses 600 3,500 1,000 600 Net interest income after provision for loan losses 33,723 32,017 35,715 35,048 Non-interest income 5,218 5,499 6,244 8,426 Non-interest expense 22,599 24,004 24,204 25,332 Income before income taxes 16,342 13,512 17,755 18,142 Income tax expense 3,415 2,859 3,852 3,934 Net income $ 12,927 $ 10,653 $ 13,903 $ 14,208 Basic earnings per share $ 0.65 $ 0.53 $ 0.70 $ 0.71 Diluted earnings per share $ 0.65 $ 0.53 $ 0.70 $ 0.71 2018 Quarter Ended (In thousands, except per share amounts) March 31, June 30, September 30, December 31, Interest income $ 41,364 $ 41,551 $ 42,589 $ 43,480 Interest expense 6,825 7,622 8,375 9,382 Net interest income 34,539 33,929 34,214 34,098 Provision for loan losses 800 400 200 400 Net interest income after provision for loan losses 33,739 33,529 34,014 33,698 Non-interest income (loss) 4,113 (2,578) (1) 4,918 5,115 Non-interest expense 22,598 22,507 31,004 (2) 22,071 (3) Income before income taxes 15,254 8,444 7,928 16,742 Income tax expense 3,181 1,701 1,381 2,878 Net income $ 12,073 $ 6,743 $ 6,547 $ 13,864 Basic earnings per share $ 0.61 $ 0.34 $ 0.33 $ 0.70 Diluted earnings per share $ 0.61 $ 0.34 $ 0.33 $ 0.70 (1) 2018 amount includes a pre-tax net securities loss of $7.9 million. (2) 2018 amount includes a pre-tax charge related to the fraudulent conduct of a business customer of $9.5 million. (3) 2018 amount includes a pre-tax charge of $0.8 million related to office relocation costs and a pre-tax recovery of $0.6 million related to fraud loss.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loans and Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Allowance for loan losses
Potential charge-off of loan upon principal or interest default, period one	90 days
Potential charge-off of loan upon principal or interest default, period two	120 days
Potential charge-off of loan upon principal or interest default, period three	180 days
Balance of loans individually evaluated for impairment	$ 26,983,000	$ 19,355,000
Residential real estate
Allowance for loan losses
Balance of loans individually evaluated for impairment	1,000,000
Non-residential real estate loans
Allowance for loan losses
Balance of loans individually evaluated for impairment	$ 200,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)segment	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
Dividends
Period from which net retained earnings are available for dividend payment from the Bank to the Parent Company	2 years
Amount up to which dividends can be declared by the Bank to the Parent Company	$ 58,700
Cash dividends paid	24,500
Income Taxes
Unrecognized Tax Benefits	$ 0		$ 0
Segment Reporting
Number of reportable operating segment | segment	1
Leases
Operating lease right-of-use assets	$ 43,450
Operating Lease, Liability	$ 45,977
ASU 2016-02 | Measurement Period Adjustments
Leases
Operating lease right-of-use assets		$ 39,000
Operating Lease, Liability		$ 39,000
Core deposit intangibles
Summary Of Accounting Policies [Line Items]
Intangible assets, useful life (in years)	10 years
Buildings
Summary Of Accounting Policies [Line Items]
Useful life	50 years
Equipment, computer hardware and software and furniture and fixtures | Minimum
Summary Of Accounting Policies [Line Items]
Useful life	2 years
Equipment, computer hardware and software and furniture and fixtures | Maximum
Summary Of Accounting Policies [Line Items]
Useful life	10 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Standards Effective in 2019 and 2018 (Details) $ in Thousands	Jan. 01, 2020	Jan. 01, 2019USD ($)	Dec. 31, 2019USD ($)
Leases (Topic 842)
Operating lease right-of-use assets			$ 43,450
Operating lease liabilities			$ 45,977
Lease, Practical Expedients, Package [true false]		true
ASU 2016-02 | Measurement Period Adjustments
Leases (Topic 842)
Operating lease right-of-use assets		$ 39,000
Operating lease liabilities		$ 39,000
Forecast | ASU 2016-13
Financial Instruments - Credit Losses (Topic 326)
Estimated maximum percentage increase in the current allowance for loan losses	10

SECURITIES - Summary of Availab

SECURITIES - Summary of Available for Sale Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available for sale:
Amortized Cost	$ 639,463	$ 697,381
Gross Unrealized Gains	4,225	969
Gross Unrealized Losses	(5,397)	(17,464)
Estimated Fair Value	638,291	680,886
U.S. Treasury securities
Available for sale:
Amortized Cost	50,833
Gross Unrealized Losses	(11)
Estimated Fair Value	50,822
U.S. GSE securities
Available for sale:
Amortized Cost	5,000	29,997
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5)	(947)
Estimated Fair Value	4,995	29,050
State and municipal obligations
Available for sale:
Amortized Cost	34,303	40,980
Gross Unrealized Gains	704	105
Gross Unrealized Losses	(43)	(354)
Estimated Fair Value	34,964	40,731
U.S. GSE residential mortgage-backed securities
Available for sale:
Amortized Cost	84,550	96,536
Gross Unrealized Gains	609	38
Gross Unrealized Losses	(468)	(3,036)
Estimated Fair Value	84,691	93,538
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Amortized Cost	278,149	362,905
Gross Unrealized Gains	1,166	826
Gross Unrealized Losses	(1,464)	(5,954)
Estimated Fair Value	277,851	357,777
U.S. GSE commercial mortgage-backed securities
Available for sale:
Amortized Cost	13,656	3,536
Gross Unrealized Gains	23	0
Gross Unrealized Losses	(70)	(28)
Estimated Fair Value	13,609	3,508
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Amortized Cost	102,722	93,177
Gross Unrealized Gains	1,723	0
Gross Unrealized Losses	(289)	(2,539)
Estimated Fair Value	104,156	90,638
Other asset backed securities
Available for sale:
Amortized Cost	24,250	24,250
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(849)	(1,031)
Estimated Fair Value	23,401	23,219
Corporate bonds
Available for sale:
Amortized Cost	46,000	46,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,198)	(3,575)
Estimated Fair Value	$ 43,802	$ 42,425

SECURITIES - Summary of Held to

SECURITIES - Summary of Held to Maturity Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Held to maturity:
Amortized Cost	$ 133,638	$ 160,163
Gross Unrealized Gains	1,731	457
Gross Unrealized Losses	(342)	(3,828)
Estimated Fair Value	135,027	156,792
State and municipal obligations
Held to maturity:
Amortized Cost	41,008	53,540
Gross Unrealized Gains	809	290
Gross Unrealized Losses	0	(276)
Estimated Fair Value	41,817	53,554
U.S. GSE residential mortgage-backed securities
Held to maturity:
Amortized Cost	8,142	9,688
Gross Unrealized Gains	5	0
Gross Unrealized Losses	(54)	(336)
Estimated Fair Value	8,093	9,352
U.S. GSE residential collateralized mortgage obligations
Held to maturity:
Amortized Cost	39,936	48,244
Gross Unrealized Gains	624	163
Gross Unrealized Losses	(62)	(1,130)
Estimated Fair Value	40,498	47,277
U.S. GSE commercial mortgage-backed securities
Held to maturity:
Amortized Cost	17,215	19,098
Gross Unrealized Gains	102	4
Gross Unrealized Losses	(82)	(620)
Estimated Fair Value	17,235	18,482
U.S. GSE commercial collateralized mortgage obligations
Held to maturity:
Amortized Cost	27,337	29,593
Gross Unrealized Gains	191	0
Gross Unrealized Losses	(144)	(1,466)
Estimated Fair Value	$ 27,384	$ 28,127

SECURITIES - Total Available fo

SECURITIES - Total Available for Sale and Held to Maturity Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Total securities
Amortized Cost	$ 773,101	$ 857,544
Gross Unrealized Gains	5,956	1,426
Gross Unrealized Losses	(5,739)	(21,292)
Total securities	$ 773,318	$ 837,678

SECURITIES - Available for Sale

SECURITIES - Available for Sale Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available for sale:
Less than 12 months, Estimated Fair Value	$ 175,474	$ 99,812
Less than 12 months, Gross Unrealized Losses	(778)	(779)
Greater than 12 months, Estimated Fair Value	214,908	424,638
Greater than 12 months, Gross Unrealized Losses	(4,619)	(16,685)
U.S. Treasury securities
Available for sale:
Less than 12 months, Estimated Fair Value	50,822
Less than 12 months, Gross Unrealized Losses	(11)
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	4,995	29,050
Greater than 12 months, Gross Unrealized Losses	(5)	(947)
State and municipal obligations
Available for sale:
Less than 12 months, Estimated Fair Value	4,982	6,655
Less than 12 months, Gross Unrealized Losses	(42)	(15)
Greater than 12 months, Estimated Fair Value	76	21,273
Greater than 12 months, Gross Unrealized Losses	(1)	(339)
U.S. GSE residential mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	2,935	0
Less than 12 months, Gross Unrealized Losses	(30)	0
Greater than 12 months, Estimated Fair Value	39,617	88,762
Greater than 12 months, Gross Unrealized Losses	(438)	(3,036)
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	81,377	46,452
Less than 12 months, Gross Unrealized Losses	(480)	(141)
Greater than 12 months, Estimated Fair Value	93,403	172,468
Greater than 12 months, Gross Unrealized Losses	(984)	(5,813)
U.S. GSE commercial mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	6,648	0
Less than 12 months, Gross Unrealized Losses	(70)	0
Greater than 12 months, Estimated Fair Value	0	3,508
Greater than 12 months, Gross Unrealized Losses	0	(28)
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	28,710	46,705
Less than 12 months, Gross Unrealized Losses	(145)	(623)
Greater than 12 months, Estimated Fair Value	9,614	43,933
Greater than 12 months, Gross Unrealized Losses	(144)	(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	23,401	23,219
Greater than 12 months, Gross Unrealized Losses	(849)	(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	43,802	42,425
Greater than 12 months, Gross Unrealized Losses	$ (2,198)	$ (3,575)

SECURITIES - Held to Maturity S

SECURITIES - Held to Maturity Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Held to maturity:
Less than 12 months, Estimated Fair Value	$ 19,788	$ 8,286
Less than 12 months, Gross Unrealized losses	(74)	(26)
Greater than 12 months, Estimated Fair Value	22,707	116,491
Greater than 12 months, Gross Unrealized losses	(268)	(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	0	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	7,268	9,352
Greater than 12 months, Gross Unrealized losses	(54)	(336)
U.S. GSE residential collateralized mortgage obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	6,750	0
Less than 12 months, Gross Unrealized losses	(17)	0
Greater than 12 months, Estimated Fair Value	6,105	40,665
Greater than 12 months, Gross Unrealized losses	(45)	(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	5,034	16,205
Greater than 12 months, Gross Unrealized losses	(82)	(620)
U.S. GSE commercial collateralized mortgage obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	13,038	0
Less than 12 months, Gross Unrealized losses	(57)	0
Greater than 12 months, Estimated Fair Value	4,300	28,127
Greater than 12 months, Gross Unrealized losses	$ (87)	$ (1,466)

SECURITIES - Available for Sa_2

SECURITIES - Available for Sale Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost, Available for sale:
Within one year	$ 51,975
One to five years	43,373
Five to ten years	51,991
Beyond ten years	492,124
Total	639,463	$ 697,381
Estimated Fair Value, Available for sale:
Within one year	51,965
One to five years	43,123
Five to ten years	50,652
Beyond ten years	492,551
Estimated Fair Value	638,291	680,886
U.S. Treasury securities
Amortized Cost, Available for sale:
Within one year	50,833
One to five years	0
Total	50,833
Estimated Fair Value, Available for sale:
Within one year	50,822
One to five years	0
Estimated Fair Value	50,822
U.S. GSE securities
Amortized Cost, Available for sale:
Within one year	0
One to five years	5,000
Five to ten years	0
Beyond ten years	0
Total	5,000	29,997
Estimated Fair Value, Available for sale:
Within one year	0
One to five years	4,995
Five to ten years	0
Beyond ten years	0
Estimated Fair Value	4,995	29,050
State and municipal obligations
Amortized Cost, Available for sale:
Within one year	1,142
One to five years	14,620
Five to ten years	16,088
Beyond ten years	2,453
Total	34,303	40,980
Estimated Fair Value, Available for sale:
Within one year	1,143
One to five years	14,829
Five to ten years	16,540
Beyond ten years	2,452
Estimated Fair Value	34,964	40,731
U.S. GSE residential mortgage-backed securities
Amortized Cost, Available for sale:
Within one year	0
One to five years	0
Beyond ten years	84,550
Total	84,550	96,536
Estimated Fair Value, Available for sale:
Within one year	0
One to five years	0
Beyond ten years	84,691
Estimated Fair Value	84,691	93,538
U.S. GSE residential collateralized mortgage obligations
Amortized Cost, Available for sale:
Within one year	0
One to five years	0
Five to ten years	0
Beyond ten years	278,149
Total	278,149	362,905
Estimated Fair Value, Available for sale:
Within one year	0
One to five years	0
Five to ten years	0
Beyond ten years	277,851
Estimated Fair Value	277,851	357,777
U.S. GSE commercial mortgage-backed securities
Amortized Cost, Available for sale:
Within one year	0
One to five years	8,753
Five to ten years	4,903
Beyond ten years	0
Total	13,656	3,536
Estimated Fair Value, Available for sale:
Within one year	0
One to five years	8,761
Five to ten years	4,848
Beyond ten years	0
Estimated Fair Value	13,609	3,508
U.S. GSE commercial collateralized mortgage obligations
Amortized Cost, Available for sale:
Within one year	0
One to five years	0
Five to ten years	0
Beyond ten years	102,722
Total	102,722	93,177
Estimated Fair Value, Available for sale:
Within one year	0
One to five years	0
Five to ten years	0
Beyond ten years	104,156
Estimated Fair Value	104,156	90,638
Other asset backed securities
Amortized Cost, Available for sale:
Within one year	0
One to five years	0
Five to ten years	0
Beyond ten years	24,250
Total	24,250	24,250
Estimated Fair Value, Available for sale:
Within one year	0
One to five years	0
Five to ten years	0
Beyond ten years	23,401
Estimated Fair Value	23,401	23,219
Corporate bonds
Amortized Cost, Available for sale:
Within one year	0
One to five years	15,000
Five to ten years	31,000
Beyond ten years	0
Total	46,000	46,000
Estimated Fair Value, Available for sale:
Within one year	0
One to five years	14,538
Five to ten years	29,264
Beyond ten years	0
Estimated Fair Value	$ 43,802	$ 42,425

SECURITIES - Held to Maturity I

SECURITIES - Held to Maturity Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost, Held to maturity:
Within one year	$ 8,827
One to five years	28,070
Five to ten years	23,752
Beyond ten years	72,989
Total	133,638	$ 160,163
Estimated Fair Value, Held to maturity:
Within one year	8,838
One to five years	28,593
Five to ten years	24,063
Beyond ten years	73,533
Estimated Fair Value	135,027	156,792
State and municipal obligations
Amortized Cost, Held to maturity:
Within one year	8,827
One to five years	22,902
Five to ten years	9,129
Beyond ten years	150
Total	41,008	53,540
Estimated Fair Value, Held to maturity:
Within one year	8,838
One to five years	23,382
Five to ten years	9,444
Beyond ten years	153
Estimated Fair Value	41,817	53,554
U.S. GSE residential mortgage-backed securities
Amortized Cost, Held to maturity:
Within one year	0
One to five years	0
Five to ten years	5,947
Beyond ten years	2,195
Total	8,142	9,688
Estimated Fair Value, Held to maturity:
Within one year	0
One to five years	0
Five to ten years	5,919
Beyond ten years	2,174
Estimated Fair Value	8,093	9,352
U.S. GSE residential collateralized mortgage obligations
Amortized Cost, Held to maturity:
Within one year	0
One to five years	0
Five to ten years	3,871
Beyond ten years	36,065
Total	39,936	48,244
Estimated Fair Value, Held to maturity:
Within one year	0
One to five years	0
Five to ten years	3,865
Beyond ten years	36,633
Estimated Fair Value	40,498	47,277
U.S. GSE commercial mortgage-backed securities
Amortized Cost, Held to maturity:
Within one year	0
One to five years	4,776
Five to ten years	4,805
Beyond ten years	7,634
Total	17,215	19,098
Estimated Fair Value, Held to maturity:
Within one year	0
One to five years	4,824
Five to ten years	4,835
Beyond ten years	7,576
Estimated Fair Value	17,235	18,482
U.S. GSE commercial collateralized mortgage obligations
Amortized Cost, Held to maturity:
Within one year	0
One to five years	392
Five to ten years	0
Beyond ten years	26,945
Total	27,337	29,593
Estimated Fair Value, Held to maturity:
Within one year	0
One to five years	387
Five to ten years	0
Beyond ten years	26,997
Estimated Fair Value	$ 27,384	$ 28,127

SECURITIES - Total Available _2

SECURITIES - Total Available for Sale and Held to Maturity Investment Securities by Contractual Maturity (Details) $ in Thousands	Dec. 31, 2019USD ($)
Fair Value, Total securities
Within One Year	$ 60,803
After One But Within Five Years	71,716
After Five But Within Ten Years	74,715
After Ten Years	566,084
Total Estimated Fair Value	773,318
Amortized Cost, Total securities
Within One Year	60,802
After One But Within Five Years	71,443
After Five But Within Ten	75,743
After Ten Years	565,113
Total Amortized Cost	$ 773,101

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
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%
Gross gains realized on sale of securities available for sale			$ 7,900
Proceeds from sales of securities available for sale		$ 46,478	230,372	$ 52,367
Gross gains realized on sale of securities available for sale				300
Gross losses realized on sale of securities available for sale				(300)
Debt and Equity Securities, Gain (Loss)	$ (7,900)	201	(7,921)	$ 38
Proceeds from calls of securities		20,300	3,300
Fair value of securities pledged to secure public deposits and FHLB and FRB overnight borrowings		402,200	354,300
Trading securities		$ 0	$ 0
Threshold for disclosure percentage		10.00%	10.00%
Amount owned in FHLB, ACBB and FRB stock		$ 32,879	$ 24,028

FAIR VALUE - Summary of Assets

FAIR VALUE - Summary of Assets and Liabilities measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets measured at fair value on recurring basis
Available for sale securities	$ 638,291	$ 680,886
U.S. Treasury securities
Assets measured at fair value on recurring basis
Available for sale securities	50,822
U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	4,995	29,050
State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	34,964	40,731
U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	84,691	93,538
U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	277,851	357,777
U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	13,609	3,508
U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	104,156	90,638
Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,401	23,219
Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,802	42,425
Carrying Amount
Assets measured at fair value on recurring basis
Available for sale securities	638,291	680,886
Financial Assets: Derivatives	15,437	6,363
Financial Liabilities:
Financial liabilities: Derivatives	16,645	2,215
Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	638,291	680,886
Financial Assets: Derivatives	15,437	6,363
Financial Liabilities:
Financial liabilities: Derivatives	16,645	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	638,291	680,886
Financial Assets: Derivatives	15,437	6,363
Financial Liabilities:
Financial liabilities: Derivatives	16,645	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	638,291	680,886
Recurring basis | Carrying Amount | U.S. Treasury securities
Assets measured at fair value on recurring basis
Available for sale securities	50,822
Recurring basis | Carrying Amount | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	4,995	29,050
Recurring basis | Carrying Amount | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	34,964	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	84,691	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	277,851	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	13,609	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	104,156	90,638
Recurring basis | Carrying Amount | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,401	23,219
Recurring basis | Carrying Amount | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,802	42,425
Recurring basis | Carrying Amount | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	15,437	6,363
Financial Liabilities:
Financial liabilities: Derivatives	16,645	2,215
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	638,291	680,886
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. Treasury securities
Assets measured at fair value on recurring basis
Available for sale securities	50,822
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	4,995	29,050
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	34,964	40,731
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	84,691	93,538
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	277,851	357,777
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	13,609	3,508
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	104,156	90,638
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,401	23,219
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,802	42,425
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	15,437	6,363
Financial Liabilities:
Financial liabilities: Derivatives	$ 16,645	$ 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	Dec. 31, 2019	Dec. 31, 2018
Assets measured at fair value on non-recurring basis
Other real estate owned		$ 175
Carrying Amount
Assets measured at fair value on non-recurring basis
Loans held for sale	$ 12,643
Fair Value
Assets measured at fair value on non-recurring basis
Loans held for sale	12,643
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	6,981	2,532
Other real estate owned		175
Non-recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
Assets measured at fair value on non-recurring basis
Impaired loans	0	0
Non-recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value
Assets measured at fair value on non-recurring basis
Impaired loans	0	0
Non-recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value
Assets measured at fair value on non-recurring basis
Loans held for sale	12,643
Impaired loans	$ 6,981	2,532
Other real estate owned		$ 175

FAIR VALUE - Narrative (Details

FAIR VALUE - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Additional provision for loan losses	$ 600	$ 1,000	$ 3,500	$ 600	$ 400	$ 200	$ 400	$ 800	$ 5,700	$ 1,800	$ 14,050
Assets measured at fair value on non-recurring basis
Outstanding balance of impaired loans with an allowance recorded	11,657				2,721				11,657	2,721	1,708
Valuation allowance on impaired loans	4,676				189				4,676	189	$ 1,708
Other Real Estate					175					175
Real estate owned additional provision										0
Non-recurring basis
Assets measured at fair value on non-recurring basis
Outstanding balance of impaired loans with an allowance recorded					2,700					2,700
Valuation allowance on impaired loans					200					200
Carrying Amount
Assets measured at fair value on non-recurring basis
Loans held for sale	12,643								12,643
Carrying Amount | Non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount of impaired loans	6,981				2,532				6,981	2,532
Assets measured at fair value on non-recurring basis
Loans held for sale	$ 12,643								$ 12,643
Other Real Estate					$ 175					$ 175

FAIR VALUE - Summary of Estimat

FAIR VALUE - Summary of Estimated Fair Values and Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial assets:
Cash and due from banks	$ 77,693	$ 142,145
Interest-bearing deposits with banks	39,501	153,223
Securities available for sale	638,291	680,886
Securities held to maturity	135,027	156,792
Accrued interest receivable	10,908	11,236
Financial liabilities:
Certificates of deposit	307,977
Carrying Amount
Financial assets:
Cash and due from banks	77,693	142,145
Interest-bearing deposits with banks	39,501	153,223
Securities available for sale	638,291	680,886
Securities restricted	32,879	24,028
Securities held to maturity	133,638	160,163
Loans held for sale	12,643
Loans, net	3,647,499	3,244,393
Derivatives	15,437	6,363
Accrued interest receivable	10,908	11,236
Financial liabilities:
Certificates of deposit	307,977	329,491
Demand and other deposits	3,506,670	3,556,902
FHLB advances	435,000	240,433
Repurchase agreements	999	539
Subordinated debentures	78,920	78,781
Derivatives	16,645	2,215
Accrued interest payable	1,467	1,524
Fair Value
Financial assets:
Cash and due from banks	77,693	142,145
Interest-bearing deposits with banks	39,501	153,223
Securities available for sale	638,291	680,886
Securities held to maturity	135,027	156,792
Loans held for sale	12,643
Loans, net	3,685,770	3,216,204
Derivatives	15,437	6,363
Accrued interest receivable	10,908	11,236
Financial liabilities:
Certificates of deposit	308,660	326,865
Demand and other deposits	3,506,670	3,556,902
FHLB advances	434,622	236,209
Repurchase agreements	999	539
Subordinated debentures	81,010	74,400
Derivatives	16,645	2,215
Accrued interest payable	1,467	1,524
Quoted Prices In Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and due from banks	77,693	142,145
Interest-bearing deposits with banks	39,501	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	3,506,670	3,556,902
FHLB advances	195,000	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	638,291	680,886
Securities held to maturity	135,027	156,792
Loans, net	0	0
Derivatives	15,437	6,363
Accrued interest receivable	2,181	2,936
Financial liabilities:
Certificates of deposit	308,660	326,865
Demand and other deposits	0	0
FHLB advances	239,622	236,209
Repurchase agreements	999	539
Subordinated debentures	81,010	74,400
Derivatives	16,645	2,215
Accrued interest payable	1,467	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	3,685,770	3,216,204
Derivatives	0	0
Accrued interest receivable	8,727	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	12 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)family	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2015USD ($)
Classifications of loans
Total loans		$ 3,672,596	$ 3,268,772
Net deferred loan costs and fees		7,689	7,039
Total loans held for investment		3,680,285	3,275,811
Allowance for loan losses		(32,786)	(31,418)	$ (31,707)	$ (25,904)
Loans, net		3,647,499	3,244,393
Commercial Real Estate | Mortgage loans
Classifications of loans
Total loans		1,565,687	1,373,556
Allowance for loan losses		(12,150)	(10,792)	(11,048)	(9,225)
Loans held for investment to loans held for sale and written down	$ 16,300
Loans held for sale	12,600	12,600
Mortgage loan, charge-off recognized	$ 3,700
Lending Risk
Loan amount beyond which annual financial information is sought		1,000
Multi-family | Mortgage loans
Classifications of loans
Total loans		812,174	585,827
Allowance for loan losses		$ (4,829)	(2,566)	(4,521)	(6,264)
Lending Risk
Number of families having income producing residential investment properties | family		5
Residential real estate mortgage loans | Mortgage loans
Classifications of loans
Total loans		$ 493,144	519,763
Allowance for loan losses		(1,882)	(3,935)	(2,438)	(1,495)
Commercial, industrial and agricultural loans
Classifications of loans
Total loans		679,444	645,724
Allowance for loan losses		(12,583)	(12,722)	(12,838)	(7,837)
Real estate construction and land loans
Classifications of loans
Total loans		97,311	123,393
Allowance for loan losses		(1,066)	(1,297)	(740)	(955)
Installment/consumer loans
Classifications of loans
Total loans		24,836	20,509
Allowance for loan losses		(276)	(106)	$ (122)	$ (128)
CNB
Classifications of loans
Addition in acquired loans recorded at fair value						$ 729,400
Fair value of loans acquired		$ 223,400	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		$ 68,632	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		$ 3,647,499	$ 3,244,393
Loans held for sale		$ 12,643

LOANS - Categorized by Class an

LOANS - Categorized by Class and Internally Assigned Risk Grades (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loans by class categorized by internally assigned risk grades
Total loans	$ 3,672,596	$ 3,268,772
Pass
Loans by class categorized by internally assigned risk grades
Total loans	3,584,290	3,180,905
Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	47,003	43,186
Substandard
Loans by class categorized by internally assigned risk grades
Total loans	41,303	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	1,565,687	1,373,556
Commercial Real Estate | Mortgage loans | Owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	531,088	510,398
Commercial Real Estate | Mortgage loans | Owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	511,444	480,503
Commercial Real Estate | Mortgage loans | Owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	18,426	12,045
Commercial Real Estate | Mortgage loans | Owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	1,218	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	1,034,599	863,158
Commercial Real Estate | Mortgage loans | Non-owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	1,022,208	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	12,391	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	812,174	585,827
Multi-family | Mortgage loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	811,770	585,409
Multi-family | Mortgage loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	404	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	493,144	519,763
Residential real estate mortgage loans | Mortgage loans | Residential mortgage
Loans by class categorized by internally assigned risk grades
Total loans	424,512	448,515
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | Pass
Loans by class categorized by internally assigned risk grades
Total loans	408,933	438,891
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	11,490	8,510
Residential real estate mortgage loans | Mortgage loans | Residential mortgage | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	4,089	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	68,632	71,248
Residential real estate mortgage loans | Mortgage loans | Home equity | Pass
Loans by class categorized by internally assigned risk grades
Total loans	67,016	68,480
Residential real estate mortgage loans | Mortgage loans | Home equity | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	910	1,594
Residential real estate mortgage loans | Mortgage loans | Home equity | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	706	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	679,444	645,724
Commercial, industrial and agricultural loans | Secured
Loans by class categorized by internally assigned risk grades
Total loans	174,219	168,540
Commercial, industrial and agricultural loans | Secured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	162,431	147,474
Commercial, industrial and agricultural loans | Secured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	2,074	5,536
Commercial, industrial and agricultural loans | Secured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	9,714	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	505,225	477,184
Commercial, industrial and agricultural loans | Unsecured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	480,982	458,526
Commercial, industrial and agricultural loans | Unsecured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	13,596	12,886
Commercial, industrial and agricultural loans | Unsecured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	10,647	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	97,311	123,393
Real estate construction and land loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	95,530	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	1,781	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	24,836	20,509
Installment/consumer loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	23,976	20,464
Installment/consumer loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	103	9
Installment/consumer loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	757	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	Dec. 31, 2019	Dec. 31, 2018
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	$ 343	$ 308
Nonaccrual Including 90 Days or More Past Due	4,369	2,808
Total Past Due and Nonaccrual	11,078	7,516
Current	3,661,518	3,261,256
Total Loans	3,672,596	3,268,772
30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	4,465	3,780
60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,901	620
Commercial Real Estate | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	1,565,687	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	225	253
Total Past Due and Nonaccrual	1,575	780
Current	529,513	509,618
Total Loans	531,088	510,398
Commercial Real Estate | Mortgage loans | Owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	917	333
Commercial Real Estate | Mortgage loans | Owner occupied | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	433	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	610	885
Current	1,033,989	862,273
Total Loans	1,034,599	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	98	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	812,174	585,827
Total Loans	812,174	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	493,144	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	2,086	199
Total Past Due and Nonaccrual	4,532	1,321
Current	419,980	447,194
Total Loans	424,512	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	2,446	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	343	308
Nonaccrual Including 90 Days or More Past Due	657	624
Total Past Due and Nonaccrual	2,354	1,965
Current	66,278	69,283
Total Loans	68,632	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	607	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	747	0
Commercial, industrial and agricultural loans
Past Due and Nonaccrual Loans
Total Loans	679,444	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	206	174
Total Past Due and Nonaccrual	417	700
Current	173,802	167,840
Total Loans	174,219	168,540
Commercial, industrial and agricultural loans | Secured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	24	330
Commercial, industrial and agricultural loans | Secured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	187	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	530	621
Total Past Due and Nonaccrual	1,313	1,729
Current	503,912	475,455
Total Loans	505,225	477,184
Commercial, industrial and agricultural loans | Unsecured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	249	1,108
Commercial, industrial and agricultural loans | Unsecured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	534	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	123	0
Total Past Due and Nonaccrual	123	0
Current	97,188	123,393
Total Loans	97,311	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	30	52
Total Past Due and Nonaccrual	154	136
Current	24,682	20,373
Total Loans	24,836	20,509
Installment/consumer loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	124	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	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loanproperty	Dec. 31, 2017USD ($)loan
Impaired loans
Loans modified as TDRs	$ 21,748	$ 9,219	$ 14,781
Recorded Investment
With no related allowance recorded	15,326	16,634	20,784
With an allowance recorded	11,657	2,721	1,708
Total impaired loans	26,983	19,355	22,492
Unpaid Principal Balance
With no related allowance recorded	15,354	16,644	21,683
With an allowance recorded	11,663	2,721	3,235
Total impaired loans	27,017	19,365	24,918
Related Allocated Allowance
With an allowance recorded	4,676	189	1,708
Total impaired loans	4,676	189	1,708
Average Recorded Investment
With no related allowance recorded	10,397	12,531	10,407
With an allowance recorded	8,027	2,757	142
Average recorded investment in impaired loans	18,424	15,288	10,549
Interest Income Recognized
With no related allowance recorded	569	568	727
With an allowance recorded	309	91	174
Total impaired loans	$ 878	659	$ 901
Other real estate		$ 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	2	1	2
Commercial Real Estate | Mortgage loans | Owner occupied
Impaired loans
Loans modified as TDRs	$ 8,582	$ 0	$ 0
Recorded Investment
With no related allowance recorded	3,379	268	2,073
With an allowance recorded	0	0	0
Total impaired loans	3,379	268	2,073
Unpaid Principal Balance
With no related allowance recorded	3,401	278	2,073
With an allowance recorded	0	0	0
Total impaired loans	3,401	278	2,073
Related Allocated Allowance
With an allowance recorded	0	0	0
Total impaired loans	0	0	0
Average Recorded Investment
With no related allowance recorded	1,286	177	173
With an allowance recorded	0	0	0
Average recorded investment in impaired loans	1,286	177	173
Interest Income Recognized
With no related allowance recorded	41	0	80
With an allowance recorded	0	0	0
Total impaired loans	41	0	80
Commercial Real Estate | Mortgage loans | Non-owner occupied
Impaired loans
Loans modified as TDRs	0	926	7,764
Recorded Investment
With no related allowance recorded	2,296	2,816	9,089
With an allowance recorded	0	0	0
Total impaired loans	2,296	2,816	9,089
Unpaid Principal Balance
With no related allowance recorded	2,296	2,816	9,089
With an allowance recorded	0	0	0
Total impaired loans	2,296	2,816	9,089
Related Allocated Allowance
With an allowance recorded	0	0
Total impaired loans	0	0
Average Recorded Investment
With no related allowance recorded	2,149	1,583	7,001
With an allowance recorded	0	0	0
Average recorded investment in impaired loans	2,149	1,583	7,001
Interest Income Recognized
With no related allowance recorded	99	88	400
With an allowance recorded	0	0	0
Total impaired loans	99	88	400
Residential real estate mortgage loans | Mortgage loans | Residential mortgage
Impaired loans
Loans modified as TDRs	338	644	0
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
With an allowance recorded	0	0	0
Average recorded investment in impaired loans	0	0	0
Interest Income Recognized
With no related allowance recorded	0	0	0
With an allowance recorded	0	0	0
Total impaired loans	0	0	0
Residential real estate mortgage loans | Mortgage loans | Home equity
Impaired loans
Loans modified as TDRs	0	0	0
Recorded Investment
With no related allowance recorded	294	0	100
With an allowance recorded	0	0	0
Total impaired loans	294	0	100
Unpaid Principal Balance
With no related allowance recorded	300	0	100
With an allowance recorded	0	0	0
Total impaired loans	300	0	100
Related Allocated Allowance
With an allowance recorded	0	0	0
Total impaired loans	0	0	0
Average Recorded Investment
With no related allowance recorded	74	0	8
With an allowance recorded	0	0	0
Average recorded investment in impaired loans	74	0	8
Interest Income Recognized
With no related allowance recorded	0	0	0
With an allowance recorded	0	0	0
Total impaired loans	0	0	0
Commercial, industrial and agricultural loans | Secured
Impaired loans
Loans modified as TDRs	6,920	1,994	6,828
Recorded Investment
With no related allowance recorded	494	8,234	7,368
With an allowance recorded	9,612	2,721	0
Total impaired loans	10,106	10,955	7,368
Unpaid Principal Balance
With no related allowance recorded	494	8,234	8,013
With an allowance recorded	9,612	2,721	0
Total impaired loans	10,106	10,955	8,013
Related Allocated Allowance
With an allowance recorded	3,435	189	0
Total impaired loans	3,435	189	0
Average Recorded Investment
With no related allowance recorded	287	5,644	2,633
With an allowance recorded	6,189	2,757	0
Average recorded investment in impaired loans	6,476	8,401	2,633
Interest Income Recognized
With no related allowance recorded	18	196	211
With an allowance recorded	223	91	0
Total impaired loans	241	287	211
Commercial, industrial and agricultural loans | Unsecured
Impaired loans
Loans modified as TDRs	5,908	5,655	189
Recorded Investment
With no related allowance recorded	8,863	5,316	2,154
With an allowance recorded	2,045	0	1,708
Total impaired loans	10,908	5,316	3,862
Unpaid Principal Balance
With no related allowance recorded	8,863	5,316	2,408
With an allowance recorded	2,051	0	3,235
Total impaired loans	10,914	5,316	5,643
Related Allocated Allowance
With an allowance recorded	1,241		1,708
Total impaired loans	1,241		1,708
Average Recorded Investment
With no related allowance recorded	6,601	5,127	592
With an allowance recorded	1,838	0	142
Average recorded investment in impaired loans	8,439	5,127	734
Interest Income Recognized
With no related allowance recorded	411	284	36
With an allowance recorded	86	0	174
Total impaired loans	497	284	$ 210
Taxi medallion loans
Impaired loans
Loans modified as TDRs		$ 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		3
Other Impaired Performing Loans
Impaired loans
Loans modified as TDRs	$ 1,100
Non-recurring basis
Recorded Investment
With an allowance recorded		$ 2,700
Related Allocated Allowance
With an allowance recorded		200
Non-recurring basis | Carrying Amount
Interest Income Recognized
Other real estate		$ 175

LOANS - Troubled Debt Restructu

LOANS - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loancontract	Dec. 31, 2018USD ($)loancontract	Dec. 31, 2017USD ($)loancontract
Troubled Debt Restructurings
Modified loans | contract	19	12	11
Pre-Modification Outstanding Recorded Investment	$ 21,748	$ 9,219	$ 14,781
Loans modified as TDRs	$ 21,748	9,219	14,781
Period of modified contractually past due loans to be considered as payment default	30 days
Charge offs relating to TDRs	$ 100	$ 400	$ 400
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | loan	2	1	2
Nonaccrual TDRs loans	$ 405	$ 133
Amount of current and performing TDR loans	26,300	$ 16,900
Post-Modification of other than TDRs, recorded investment	82,800
Commercial Real Estate | Mortgage loans | Special Mention
Troubled Debt Restructurings
Loans modified as TDRs	$ 21,700
Commercial Real Estate | Mortgage loans | Owner occupied
Troubled Debt Restructurings
Modified loans | loan	3	0	0
Pre-Modification Outstanding Recorded Investment	$ 8,582	$ 0	$ 0
Loans modified as TDRs	8,582	$ 0	$ 0
Commercial Real Estate | Mortgage loans | Non-owner occupied
Troubled Debt Restructurings
Modified loans | loan		1	2
Pre-Modification Outstanding Recorded Investment	0	$ 926	$ 7,764
Loans modified as TDRs	$ 0	$ 926	$ 7,764
Residential real estate mortgage loans | Mortgage loans | Residential mortgage
Troubled Debt Restructurings
Modified loans | loan	1	1	0
Pre-Modification Outstanding Recorded Investment	$ 338	$ 644	$ 0
Loans modified as TDRs	338	$ 644	$ 0
Residential real estate mortgage loans | Mortgage loans | Home equity
Troubled Debt Restructurings
Modified loans | loan		0	0
Pre-Modification Outstanding Recorded Investment	0	$ 0	$ 0
Loans modified as TDRs	$ 0	$ 0	$ 0
Commercial, industrial and agricultural loans | Secured
Troubled Debt Restructurings
Modified loans | loan	7	2	7
Pre-Modification Outstanding Recorded Investment	$ 6,920	$ 1,994	$ 6,828
Loans modified as TDRs	$ 6,920	$ 1,994	$ 6,828
Commercial, industrial and agricultural loans | Unsecured
Troubled Debt Restructurings
Modified loans | loan	8	8	2
Pre-Modification Outstanding Recorded Investment	$ 5,908	$ 5,655	$ 189
Loans modified as TDRs	5,908	$ 5,655	$ 189
Installment/consumer loans
Troubled Debt Restructurings
Modified loans | loan		0	0
Pre-Modification Outstanding Recorded Investment	0	$ 0	$ 0
Loans modified as TDRs	$ 0	0	$ 0
Taxi medallion loans
Troubled Debt Restructurings
Loans modified as TDRs		$ 2,700
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | loan		3

LOANS - Summary of Activity in

LOANS - Summary of Activity in the Accretable Yield for PCI Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Activity in the accretable yield for the PCI loans:
Balance at beginning of period	$ 460	$ 2,151
Accretion	(515)	(1,842)
Reclassification (to) from nonaccretable difference during the period	129	151
Accretable discount at end of period	74	$ 460
Purchased Credit Impaired Loans Charge - off	$ 0

LOANS - Related Party Loans (De

LOANS - Related Party Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Selected information about related party loans
Balance at beginning of period	$ 21,047
New loans	1,128
Repayments	(9,826)
Balance at end of period	$ 12,349

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	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Allowance for Loan Losses:
Individually evaluated for impairment	$ 4,676	$ 189
Collectively evaluated for impairment	28,110	31,229
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	32,786	31,418	$ 31,707	$ 25,904
Loans:
Individually evaluated for impairment	26,983	19,355
Collectively evaluated for impairment	3,645,270	3,248,885
Loans acquired with deteriorated credit quality	343	532
Total Loans	3,672,596	3,268,772
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	12,150	10,792
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	12,150	10,792	11,048	9,225
Loans:
Individually evaluated for impairment	5,675	3,084
Collectively evaluated for impairment	1,560,012	1,370,472
Loans acquired with deteriorated credit quality	0	0
Total Loans	1,565,687	1,373,556
Multi-family | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	4,829	2,566
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	4,829	2,566	4,521	6,264
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	812,174	585,827
Loans acquired with deteriorated credit quality	0	0
Total Loans	812,174	585,827
Residential real estate mortgage loans | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,882	3,935
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	1,882	3,935	2,438	1,495
Loans:
Individually evaluated for impairment	294	0
Collectively evaluated for impairment	492,507	519,455
Loans acquired with deteriorated credit quality	343	308
Total Loans	493,144	519,763
Commercial, industrial and agricultural loans
Allowance for Loan Losses:
Individually evaluated for impairment	4,676	189
Collectively evaluated for impairment	7,907	12,533
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	12,583	12,722	12,838	7,837
Loans:
Individually evaluated for impairment	21,014	16,271
Collectively evaluated for impairment	658,430	629,229
Loans acquired with deteriorated credit quality	0	224
Total Loans	679,444	645,724
Real estate construction and land loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,066	1,297
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	1,066	1,297	740	955
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	97,311	123,393
Loans acquired with deteriorated credit quality	0	0
Total Loans	97,311	123,393
Installment/consumer loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	276	106
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	276	106	$ 122	$ 128
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	24,836	20,509
Loans acquired with deteriorated credit quality	0	0
Total Loans	$ 24,836	$ 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								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for Loan Losses
Beginning balance				$ 31,418				$ 31,707	$ 31,418	$ 31,707	$ 25,904
Charge-offs									(4,482)	(2,841)	(8,294)
Recoveries									150	752	47
Provision (Credit)	$ 600	$ 1,000	$ 3,500	600	$ 400	$ 200	$ 400	800	5,700	1,800	14,050
Ending balance	32,786				31,418				32,786	31,418	31,707
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance				10,792				11,048	10,792	11,048	9,225
Charge-offs									(3,670)	0	0
Recoveries									1	0	0
Provision (Credit)									5,027	(256)	1,823
Ending balance	12,150				10,792				12,150	10,792	11,048
Multi-family | Mortgage loans
Allowance for Loan Losses
Beginning balance				2,566				4,521	2,566	4,521	6,264
Charge-offs									0	0	0
Recoveries									0	0	0
Provision (Credit)									2,263	(1,955)	(1,743)
Ending balance	4,829				2,566				4,829	2,566	4,521
Residential real estate mortgage loans | Mortgage loans
Allowance for Loan Losses
Beginning balance				3,935				2,438	3,935	2,438	1,495
Charge-offs									0	(24)	0
Recoveries									112	3	28
Provision (Credit)									(2,165)	1,518	915
Ending balance	1,882				3,935				1,882	3,935	2,438
Commercial, industrial and agricultural loans
Allowance for Loan Losses
Beginning balance				12,722				12,838	12,722	12,838	7,837
Charge-offs									(799)	(2,806)	(8,245)
Recoveries									25	747	16
Provision (Credit)									635	1,943	13,230
Ending balance	12,583				12,722				12,583	12,722	12,838
Real estate construction and land loans
Allowance for Loan Losses
Beginning balance				1,297				740	1,297	740	955
Charge-offs									0	0	0
Recoveries									0	0	0
Provision (Credit)									(231)	557	(215)
Ending balance	1,066				1,297				1,066	1,297	740
Installment/consumer loans
Allowance for Loan Losses
Beginning balance				$ 106				$ 122	106	122	128
Charge-offs									(13)	(11)	(49)
Recoveries									12	2	3
Provision (Credit)									171	(7)	40
Ending balance	$ 276				$ 106				$ 276	$ 106	$ 122

PREMISES AND EQUIPMENT, NET - C

PREMISES AND EQUIPMENT, NET - Components of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
PREMISES AND EQUIPMENT, NET
Land	$ 7,896	$ 7,896
Building and improvements	17,271	17,227
Furniture, fixtures and equipment	25,288	23,328
Leasehold improvements	12,356	13,470
Premises and equipment, gross	62,811	61,921
Accumulated depreciation and amortization	(28,749)	(26,913)
Total premises and equipment, net	$ 34,062	$ 35,008

PREMISES AND EQUIPMENT, NET - D

PREMISES AND EQUIPMENT, NET - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
PREMISES AND EQUIPMENT, NET
Depreciation and amortization of premises and equipment	$ 4,253	$ 3,822	$ 3,827

LEASES (Details)

LEASES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Lease cost
Operating lease cost	$ 7,038
Sublease income	(95)
Total lease cost	6,943
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	7,019
Operating right-of-use assets obtained in exchange for lease liabilities	$ 48,101
Weighted-average remaining lease term-operating leases	7 years 9 months 18 days
Weighted-average discount rate-operating leases	3.20%
Renewal options	true
Minimum
Lease cost
Renewal term	5 years
Maximum
Lease cost
Renewal term	10 years

LEASES - Maturities of operatin

LEASES - Maturities of operating lease liabilities (Details) $ in Thousands	Dec. 31, 2019USD ($)
Maturities of operating lease liabilities as of December 31, 2019
2020	$ 7,011
2021	6,974
2022	6,802
2023	5,853
2024	5,595
Thereafter	20,324
Total operating lease payments	52,559
Less: Interest	(6,582)
Present value of operating lease liabilities	$ 45,977

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill
Goodwill carrying amount	$ 105,950	$ 105,950
Core deposit intangibles, a trademark, and servicing assets	$ 1,300	$ 1,200

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Acquired intangible assets:
Aggregate amortization expense	$ 800	$ 900	$ 1,000
Intangible assets
Carrying amount of the Company’s trademark	259	259
Acquired intangible assets
Acquired intangible assets:
Gross Carrying Amount	7,470	7,470
Aggregate amortization expense	5,113	4,326
Core deposit intangibles
Acquired intangible assets:
Gross Carrying Amount	7,211	7,211
Aggregate amortization expense	5,113	4,326
Trademark
Acquired intangible assets:
Gross Carrying Amount	259	259
Aggregate amortization expense	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated Amortization Expense for Next Five Years (Details) $ in Thousands	Dec. 31, 2019USD ($)
GOODWILL AND OTHER INTANGIBLE ASSETS
2020	$ 656
2021	531
2022	413
2023	281
2024	164
Thereafter	53
Total	$ 2,098

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
GOODWILL AND OTHER INTANGIBLE ASSETS
Number of reporting unit | item	1
Amortization of Intangible Assets | $	$ 787	$ 917	$ 1,047

DEPOSITS (Details)

DEPOSITS (Details) $ in Thousands	Dec. 31, 2019USD ($)
DEPOSITS
2019	$ 203,834
2020	83,420
2021	11,272
2022	4,072
2023	4,977
Thereafter	402
Time Deposits, Total	$ 307,977

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Time deposits
Deposits from principal officers, directors and their affiliates	$ 16.7	$ 18.5
$250,000 or Greater
Time deposits
Deposits in excess of the FDIC limit	$ 129.6	$ 128.5

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Securities sold under agreements to repurchase
Repurchase agreements	$ 999	$ 539
Carrying amount of U.S. GSE residential collateralized mortgage obligations and U.S. GSE residential mortgage-backed securities	2,100	$ 2,400
First quarter of 2020
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%

SECURITIES SOLD UNDER AGREEME_4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - Repurchase agreements - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Securities sold under agreements to repurchase
Average daily balance during the year	$ 849	$ 1,078
Average interest rate during the year (as a percent)	0.05%	0.04%
Maximum month-end balance during the year	$ 1,037	$ 1,610
Weighted average interest rate at year-end (as a percent)	0.05%	0.05%

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
FEDERAL HOME LOAN BANK ADVANCES.
Average daily balance during the year	$ 245,283	$ 324,653
Average interest rate during the year (as a percent)	1.86%	1.76%
Maximum month-end balance during the year	$ 435,000	$ 520,092
Weighted average interest rate at year-end (as a percent)	1.82%	2.72%

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES - Contractual Maturities and Weighted Average Interest Rates of FHLB Advances (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Contractual Maturity, Amount
Overnight	$ 195,000
Due within a year	240,000	$ 240,433
Total FHLB advances	$ 435,000	$ 240,433
Weighted Average Rate
Overnight (as a percent)	1.81%
2019		2.72%
2020	1.84%
Weighted Average Rate for total FHLB advances (as a percent)	1.82%	2.72%

FEDERAL HOME LOAN BANK ADVANC_5

FEDERAL HOME LOAN BANK ADVANCES - Narrative (Details) - USD ($) $ in Billions	Dec. 31, 2019	Dec. 31, 2018
FEDERAL HOME LOAN BANK ADVANCES.
Advances collateralized amount	$ 1.4	$ 1.3
Maximum borrowing amount from FHLB term advances	1.5
FHLB advances with contractual maturities after 2020	$ 0

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 80,000	$ 80,000
Subordinated debentures, net			$ 78,920	$ 78,781
Subordinated Debentures | Callable Notes After Five Years
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 40,000	$ 40,000
Debt Instrument, Term	5 years
Fixed annual interest rate	5.25%	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	$ 40,000
Debt Instrument, Term	10 years
Fixed annual interest rate	5.75%	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) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivatives
Notional amounts	$ 823,900	$ 193,400
Interest rate swaps | Derivative designated as a cash flow hedge
Derivatives
Notional amounts	$ 290,000	$ 240,000
Weighted average pay rates (as a percent)	1.84%	1.84%
Weighted average receive rates (as a percent)	1.94%	2.77%
Weighted average maturity	2 years 10 months 28 days	2 years 11 days

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Notional amounts	$ 823,900	$ 193,400
Derivative liability position net	14,900
Collateral posted in net liability position	16,300
Interest rate swaps | Derivative designated as a cash flow hedge
Derivative [Line Items]
Notional amounts	290,000	240,000
Interest income (expenses) recorded on swap transactions	1,588	$ 1,100	$ (1,400)
Interest rate swaps | Derivative designated as a cash flow hedge | Federal Home Loan Bank of New York
Derivative [Line Items]
Amounts of accumulated other comprehensive income (loss) reclassified to interest expense	1,600
Interest rate swaps | Derivative designated as a cash flow hedge | Federal Home Loan Bank of New York | Forecast
Derivative [Line Items]
Amounts of accumulated other comprehensive income (loss) reclassified to interest expense	$ 157

DERIVATIVES - Net Gains (Losses

DERIVATIVES - Net Gains (Losses) Relating to the Cash Flow Derivative Instruments (Details) - Derivative designated as a cash flow hedge - Interest rate swaps - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
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	$ (3,601)	$ 2,493	$ 463
Interest rate contracts, Amount of gain (loss) reclassified from Accumulated OCI into income included component	1,588	1,100	(1,400)
Interest rate contracts, Amount of gain reclassified from Accumulated OCI into income included component		1,068	(1,419)
Amount of gain reclassified from Accumulated OCI into income excluded component	$ 0	$ 0	$ 0

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	Dec. 31, 2019	Dec. 31, 2018
Interest rate swaps related to FHLB advances
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 240,000	$ 240,000
Fair Value Asset	1,233	4,239
Fair Value Liability	(978)	$ (4)
Forward starting interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	50,000
Fair Value Liability	$ (1,427)

DERIVATIVES - Non-Designated He

DERIVATIVES - Non-Designated Hedges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivatives
Notional amounts	$ 823,900	$ 193,400
Loan Swap Fees	7,460	716	$ 1,008
Loan customers
Derivatives
Notional amounts	411,900	96,700
Bank counterparties
Derivatives
Notional amounts	411,900	96,700
Interest rate swaps | Non-Designated Hedges
Derivatives
Notional amounts	$ 823,894	$ 193,401
Weighted average pay rates (as a percent)	3.75%	4.52%
Weighted average receive rates (as a percent)	3.75%	4.52%
Weighted average maturity	10 years 9 months 7 days	12 years 3 months
Fair value of combined interest rate swaps	$ 0	$ 0

INCOME TAXES - Components (Deta

INCOME TAXES - Components (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal									$ 12,665	$ 5,270	$ 8,762
State									639	1,023	937
Total current									13,304	6,293	9,699
Deferred:
Federal									(419)	3,299	10,251
State									1,175	(451)	(1,004)
Total deferred									756	2,848	9,247
Total income tax expense	$ 3,934	$ 3,852	$ 2,859	$ 3,415	$ 2,878	$ 1,381	$ 1,701	$ 3,181	$ 14,060	$ 9,141	$ 18,946

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Amount
Federal income tax expense computed by applying the statutory rate to income before income taxes									$ 13,808	$ 10,157	$ 13,820
Tax exempt interest									(920)	(1,002)	(1,808)
State taxes, net of federal income tax benefit									1,425	1,999	725
Deferred tax asset remeasurement											7,572
Other									(253)	(2,013)	(1,363)
Total income tax expense	$ 3,934	$ 3,852	$ 2,859	$ 3,415	$ 2,878	$ 1,381	$ 1,701	$ 3,181	$ 14,060	$ 9,141	$ 18,946
Percentage of Pre-tax Earnings
Federal income tax expense computed by applying the statutory rate to income before income taxes (as a percent)									21.00%	21.00%	35.00%
Tax exempt interest (as a percent)									(1.00%)	(2.00%)	(5.00%)
State taxes, net of federal income tax benefit (as a percent)									2.00%	4.00%	2.00%
Deferred tax asset remeasurement (as a percent)											19.00%
Other (as a percent)									(1.00%)	(4.00%)	(3.00%)
Income tax expense (as a percent)									21.00%	19.00%	48.00%

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for loan losses and off-balance sheet credit exposure	$ 10,305	$ 9,309
Net unrealized losses on securities	343	4,810
Compensation and related benefit obligations	2,368	2,427
Purchase accounting fair value adjustments	4,735	4,141
Net change in pension and other post-retirement benefits plans	2,809	2,630
Net operating loss carryforward	3,229	4,746
Net loss on cash flow hedges	304
Operating lease liabilities	13,444
Other	200	671
Total deferred tax assets	37,737	28,734
Deferred tax liabilities:
Pension and SERP expense	(4,904)	(4,559)
Depreciation	(956)	(1,163)
REIT undistributed net income	(2,403)	(2,110)
Net deferred loan costs and fees	(2,413)	(2,206)
Net gain on cash flow hedges		(1,210)
State and local taxes	(1,227)	(1,468)
Operating lease right-of-use assets	(12,934)
Other	(835)	(353)
Total deferred tax liabilities	(25,672)	(13,069)
Net deferred tax asset	$ 12,065	$ 15,665

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Deferred tax asset remeasurement	$ 7.6
Statutory federal income tax rate		21.00%	21.00%	35.00%
NOL carryforward		$ 3.1
New York State Division of Taxation and Finance | CNB
Operating Loss Carryforwards [Line Items]
NOL carryforward		26.3
New York City Division Of Taxation | CNB
Operating Loss Carryforwards [Line Items]
NOL carryforward		$ 4.4

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT PLANS - Changes in Obligations and Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	$ 23,611	$ 24,759
Service cost	952	1,106	$ 1,129
Interest cost	908	794	750
Benefits paid and expected expenses	(475)	(402)
Assumption changes and other	3,761	(2,646)
Benefit obligation at end of year	28,757	23,611	24,759
Change in plan assets:
Fair value of plan assets at beginning of year	33,874	34,695
Actual return on plan assets	6,346	(2,079)
Contribution to the plan		1,660
Benefits paid and actual expenses	(475)	(402)
Fair value of plan assets at end of year	39,745	33,874	34,695
Funded status at end of year	10,988	10,263
SERP Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	3,811	3,919
Service cost	261	290	212
Interest cost	147	127	105
Benefits paid and expected expenses	(112)	(112)
Assumption changes and other	1,216	(413)
Benefit obligation at end of year	5,323	3,811	$ 3,919
Change in plan assets:
Fair value of plan assets at beginning of year	0
Actual return on plan assets	0	0
Contribution to the plan	112	112
Benefits paid and actual expenses	(112)	(112)
Fair value of plan assets at end of year	0	0
Funded status at end of year	$ (5,323)	$ (3,811)

PENSION AND OTHER POSTRETIREM_4

PENSION AND OTHER POSTRETIREMENT PLANS - Amounts Recognized in AOCI (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amounts recognized in accumulated other comprehensive income
Net amount recognized	$ 6,775	$ 6,365
Pension Benefits
Amounts recognized in accumulated other comprehensive income
Net actuarial loss	7,997	8,631
Prior service cost	(484)	(561)
Net amount recognized	7,513	8,070
SERP Benefits
Amounts recognized in accumulated other comprehensive income
Net actuarial loss	2,071	925
Prior service cost	0	0
Net amount recognized	$ 2,071	$ 925

PENSION AND OTHER POSTRETIREM_5

PENSION AND OTHER POSTRETIREMENT PLANS - Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Total recognized in other comprehensive income	$ 1,076	$ 1,567	$ 302
Pension Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	952	1,106	1,129
Interest cost	908	794	750
Expected return on plan assets	(2,445)	(2,547)	(2,129)
Amortization of net loss	494	335	479
Amortization of prior service credit	(77)	(77)	(77)
Amortization of transition obligation	0	0	0
Net periodic benefit (credit) cost	(168)	(389)	152
Net loss (gain)	(140)	1,980	(409)
Amortization of net loss	(494)	(335)	(479)
Amortization of prior service credit	77	77	77
Amortization of transition obligation	0	0	0
Total recognized in other comprehensive income	(557)	1,722	(811)
SERP Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	261	290	212
Interest cost	147	127	105
Expected return on plan assets	0	0	0
Amortization of net loss	70	121	51
Amortization of prior service credit	0	0	0
Amortization of transition obligation	0	5	27
Net periodic benefit (credit) cost	478	543	395
Net loss (gain)	1,216	(413)	710
Amortization of net loss	(70)	(121)	(51)
Amortization of prior service credit	0	0	0
Amortization of transition obligation	0	(5)	(27)
Total recognized in other comprehensive income	$ 1,146	$ (539)	$ 632

PENSION AND OTHER POSTRETIREM_6

PENSION AND OTHER POSTRETIREMENT PLANS - Expected Long-Term Rate-of-Return (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Weighted average assumptions used to determine benefit obligations:
Discount rate (as a percent)	3.10%	4.14%	3.52%
Rate of compensation increase (as a percent)	3.00%	3.00%	3.00%
Weighted average assumptions used to determine net periodic benefit cost:
Discount rate (as a percent)	4.14%	3.52%	4.05%
Rate of compensation increase (as a percent)	3.00%	3.00%	3.00%
Expected long-term rate of return (as a percent)	7.25%	7.25%	7.25%
SERP Benefits
Weighted average assumptions used to determine benefit obligations:
Discount rate (as a percent)	3.08%	4.13%	3.50%
Rate of compensation increase (as a percent)	5.00%	5.00%	5.00%
Weighted average assumptions used to determine net periodic benefit cost:
Discount rate (as a percent)	4.13%	3.50%	4.01%
Rate of compensation increase (as a percent)	5.00%	5.00%	5.00%
Expected long-term rate of return (as a percent)	0.00%	0.00%	0.00%

PENSION AND OTHER POSTRETIREM_7

PENSION AND OTHER POSTRETIREMENT PLANS - Target Allocations for Plan Assets (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Target allocations for Plan assets
Percentage of Plan Assets	100.00%	100.00%
Cash Equivalents
Target allocations for Plan assets
Percentage of Plan Assets	3.60%	3.00%
Weighted-Average Expected Long-term Rate of Return (as a percent)	0.00%
Cash Equivalents | Minimum
Target allocations for Plan assets
Target Allocation 2019 (as a percent)	0.00%
Cash Equivalents | Maximum
Target allocations for Plan assets
Target Allocation 2019 (as a percent)	5.00%
Equity Securities
Target allocations for Plan assets
Percentage of Plan Assets	57.90%	54.80%
Weighted-Average Expected Long-term Rate of Return (as a percent)	9.50%
Equity Securities | Minimum
Target allocations for Plan assets
Target Allocation 2019 (as a percent)	45.00%
Equity Securities | Maximum
Target allocations for Plan assets
Target Allocation 2019 (as a percent)	65.00%
Fixed income securities
Target allocations for Plan assets
Percentage of Plan Assets	38.50%	42.20%
Weighted-Average Expected Long-term Rate of Return (as a percent)	5.00%
Fixed income securities | Minimum
Target allocations for Plan assets
Target Allocation 2019 (as a percent)	30.00%
Fixed income securities | Maximum
Target allocations for Plan assets
Target Allocation 2019 (as a percent)	50.00%

PENSION AND OTHER POSTRETIREM_8

PENSION AND OTHER POSTRETIREMENT PLANS - Financial Assets Measured At Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Employee benefits
Total plan assets	$ 39,745	$ 33,874	$ 34,695
Carrying Amount | Recurring basis
Employee benefits
Total plan assets	39,745	33,874
Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	25,050	20,909
Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	14,695	12,965
Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Cash Equivalents | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	1,444	1,063
Cash Equivalents | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	0	0
Cash Equivalents | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	1,444	1,063
Cash Equivalents | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Cash | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	0	0
Cash | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	0	0
Cash | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	0	0
Cash | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Short term investment funds | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	1,444	1,063
Short term investment funds | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	0	0
Short term investment funds | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	1,444	1,063
Short term investment funds | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Equity Securities | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	23,026	18,568
Equity Securities | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	23,026	18,568
Equity Securities | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	0	0
Equity Securities | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
U.S. Large cap | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	12,097	9,173
U.S. Large cap | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	12,097	9,173
U.S. Large cap | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	0	0
U.S. Large cap | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
U.S. Mid cap/small cap | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	4,195	2,760
U.S. Mid cap/small cap | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	4,195	2,760
U.S. Mid cap/small cap | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	0	0
U.S. Mid cap/small cap | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
International | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	6,320	6,480
International | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	6,320	6,480
International | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	0	0
International | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Equities blend | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	414	155
Equities blend | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	414	155
Equities blend | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	0	0
Equities blend | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Fixed income securities | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	15,275	14,243
Fixed income securities | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	2,024	2,341
Fixed income securities | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	13,251	11,902
Fixed income securities | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Government issues | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	2,024	2,341
Government issues | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	2,024	2,341
Government issues | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	0	0
Government issues | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Corporate bonds | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	2,926	2,098
Corporate bonds | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	0	0
Corporate bonds | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	2,926	2,098
Corporate bonds | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
Mortgage backed | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	1,033	1,132
Mortgage backed | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	0	0
Mortgage backed | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	1,033	1,132
Mortgage backed | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	0	0
High yield bonds and bond funds | Carrying Amount | Recurring basis
Employee benefits
Total plan assets	9,292	8,672
High yield bonds and bond funds | Quoted Prices In Active Markets for Identical Assets (Level 1) | Recurring basis
Employee benefits
Total plan assets	0	0
High yield bonds and bond funds | Significant Other Observable Inputs (Level 2) | Recurring basis
Employee benefits
Total plan assets	9,292	8,672
High yield bonds and bond funds | Significant Unobservable Inputs (Level 3) | Recurring basis
Employee benefits
Total plan assets	$ 0	$ 0

PENSION AND OTHER POSTRETIREM_9

PENSION AND OTHER POSTRETIREMENT PLANS - Estimated Future Payments (Details) $ in Thousands	Dec. 31, 2019USD ($)
Estimated future pension and SERP payments
2020	$ 931
2021	1,074
2022	1,148
2023	1,291
2024	1,298
2025-2029	$ 9,246

PENSION AND OTHER POSTRETIRE_10

PENSION AND OTHER POSTRETIREMENT PLANS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
Investments for long-term growth (as a percent)	97.00%
Investments for near-term benefit payments (as a percent)	3.00%
Cumulative historical returns for the S&P 500 index (as a percent)	9.50%
Cumulative historical returns for the long term corporate bonds (as a percent)	5.00%
Pension Benefits
Employee benefits
Accumulated benefit obligation	$ 27,400	$ 22,300
Amortization from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year
Estimated net loss	400
Estimated prior service credit	77
SERP Benefits
Employee benefits
Accumulated benefit obligation	3,600	$ 2,700
Amortization from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year
Estimated net loss	$ 227

PENSION AND OTHER POSTRETIRE_11

PENSION AND OTHER POSTRETIREMENT PLANS - 401k Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
PENSION AND OTHER POSTRETIREMENT PLANS.
Labor and Related Expense	$ 56,244,000	$ 50,458,000	$ 46,560,000
Participants contribution	$ 19,000
Description of Defined Contribution Pension and Other Postretirement Plans	100% of each employee's contributions up to 1% of each employee's compensation plus 50% of each employee's contributions over 1% but not in excess of 6% of each employee's compensation for a maximum contribution of 3.5% of a participating employee's compensation
Minimum employee contribution percentage	1.00%
Percentage of employer matching contribution	50.00%
Threshold limit percentage of employee compensation	6.00%
Maximum percentage of annual contribution per employee	3.50%
Cash contributions by the Bank	$ 1,100,000	1,000,000	1,000,000
Discretionary profit sharing contribution	$ 583,000	$ 497,000	$ 550,000

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
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	$ 197	$ 91	$ 0
Unrecognized compensation cost related to unvested stock options	$ 341
Cost is expected to be recognized period	1 year 9 months 18 days
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	78,952
Number of restricted stock awards unvested	293,717	324,882
Restricted Stock Awards | Time-vested RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards unvested	282,784
Restricted Stock Awards | Performance-based RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards unvested	10,933
Directors | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	1 year
Deferred compensation expense	$ 570	$ 560	530
2019 Equity Incentive Plan | Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2,200	$ 2,400	$ 1,700
Number of restricted stock awards granted		83,782	71,781
Total fair value of shares vested	2,500	$ 1,500	$ 1,100
Unrecognized compensation cost related to non-vested RSAs	$ 4,700
Cost is expected to be recognized period	3 years
2019 Equity Incentive Plan | Restricted Stock Awards | Seven year specified vesting schedule
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted			31,860
Vesting period (in years)			7 years
Year in vesting schedule in which one-third of the awards vest, period two			6 years
Year in vesting schedule in which one-third of the awards vest, period three			7 years
2019 Equity Incentive Plan | Restricted Stock Awards | Five year specified vesting schedule
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	49,925	44,750	25,396
Vesting period (in years)	5 years		5 years
Year in vesting schedule in which one-third of the awards vest, period one		5 years	5 years
Year in vesting schedule in which one-third of the awards vest, period three			5 years
2019 Equity Incentive Plan | Restricted Stock Awards | Four year ratable vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Year in vesting schedule in which one-third of the awards vest, period two			4 years
2019 Equity Incentive Plan | Restricted Stock Awards | Three year specified vesting schedule
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted		13,915
Year in vesting schedule in which one-third of the awards vest, period one		3 years	3 years
2019 Equity Incentive Plan | Restricted Stock Awards | Three year ratable vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	29,027		11,070
Vesting period (in years)	3 years	2 years	3 years
2019 Equity Incentive Plan | Restricted Stock Awards | Two year ratable vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted		25,117
2019 Equity Incentive Plan | Restricted Stock Awards | Nine months ratable vesting schedule
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted			3,455
LTI Plan | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 693	$ 462	$ 309
Number of restricted stock awards granted	22,305
Number of restricted stock awards unvested	85,342	79,238
Unrecognized compensation cost related to non-vested RSAs	$ 1,300
Cost is expected to be recognized period	2 years 8 months 12 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
Vesting period (in 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	9,050
Vesting period (in years)	3 years
LTI Plan | NEOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	63,267	47,393	0
Percentage premium over the grant date stock price	10.00%	10.00%
Vesting period (in years)	3 years	3 years
Weighted-average grant-date fair value	$ 5.05	$ 6.52
Method used	Black-Scholes option-pricing model
LTI Plan | NEOs | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted		21,693
LTI Plan | NEOs | 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		12,522
Vesting period (in years)		5 years
LTI Plan | NEOs | 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
Vesting period (in years)		3 years

STOCK BASED COMPENSATION PLAN_2

STOCK BASED COMPENSATION PLANS - Incentive Plans (Details) - shares	12 Months Ended
	Dec. 31, 2019	May 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted and distributed (in shares)	63,267
Common Stock, Capital Shares Reserved for Future Issuance	526,518
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Number Of Remaining Shares Available For Grant	162,738
2019 Equity Incentive Plan
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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 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) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Options
Outstanding, January 1, 2019	47,393
Granted	63,267
Outstanding, December 31, 2019	110,660	47,393
Vested and Exercisable, December 31, 2019	15,795
Weighted Average Exercise Price
Weighted Average Exercise Price, January 1, 2019	$ 36.19
Granted	35.35
Weighted Average Exercise Price, December 31, 2019	35.71	$ 36.19
Vested and Exercisable, December 31, 2019	$ 36.19
Weighted Average Remaining Contractual Life, Outstanding	8 years 8 months 12 days
Weighted Average Remaining Contractual Life, Vested and Exercisable	8 years 1 month 6 days
Aggregate Intrinsic Value, Outstanding	$ 0
Aggregate Intrinsic Value, Vested and Exercisable	$ 0
Stock Option
Number of Options
Outstanding, January 1, 2019		0
Outstanding, December 31, 2019

STOCK BASED COMPENSATION PLAN_4

STOCK BASED COMPENSATION PLANS - Exercise Prices (Details) - $ / shares	Dec. 31, 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 Awards - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares
Unvested, January 1, 2019	324,882
Granted	78,952
Vested	(90,586)
Forfeited	(19,531)
Unvested, December 31, 2019	293,717	324,882
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2019	$ 29.13
Granted	31.92
Vested	27.20
Forfeited	30.62
Unvested, December 31, 2019	$ 30.37	$ 29.13
2019 Equity Incentive Plan
Shares
Granted		83,782	71,781

STOCK BASED COMPENSATION PLAN_6

STOCK BASED COMPENSATION PLANS - Restricted Stock Units (Details) - LTI Plan - Restricted Stock Units	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Shares
Unvested, January 1, 2019 | shares	79,238
Granted | shares	22,305
Reinvested dividends | shares	2,556
Forfeited | shares	(16,184)
Vested | shares	(2,573)
Unvested, December 31, 2019 | shares	85,342
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2019 | $ / shares	$ 27.36
Granted | $ / shares	33.42
Reinvested dividends | $ / shares	29.03
Forfeited | $ / shares	23.34
Vested | $ / shares	32.90
Unvested, December 31, 2019 | $ / shares	$ 29.59

STOCK BASED COMPENSATION PLAN_7

STOCK BASED COMPENSATION PLANS - Employee Stock Purchase Plan (Details) - USD ($)	1 Months Ended	12 Months Ended
	May 31, 2018	Dec. 31, 2019	Dec. 31, 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		7,888	3,758
Expense recorded related to ESPP		$ 0	$ 0

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
EARNINGS PER SHARE.
Net income	$ 14,208	$ 13,903	$ 10,653	$ 12,927	$ 13,864	$ 6,547	$ 6,743	$ 12,073	$ 51,691	$ 39,227	$ 20,539
Dividends paid on and earnings allocated to participating securities									(1,096)	(853)	(415)
Income attributable to common stock									$ 50,595	$ 38,374	$ 20,124
Weighted average common shares outstanding, including participating securities									19,952	19,875	19,759
Weighted average participating securities (in shares)									(424)	(434)	(404)
Weighted average common shares outstanding									19,528	19,441	19,355
Basic earnings per common share (in dollars per share)	$ 0.71	$ 0.70	$ 0.53	$ 0.65	$ 0.70	$ 0.33	$ 0.34	$ 0.61	$ 2.59	$ 1.97	$ 1.04
Income attributable to common stock									$ 50,595	$ 38,374	$ 20,124
Weighted average common shares outstanding									19,528	19,441	19,355
Incremental shares from assumed conversions of options and restricted stock units									31	27	24
Weighted average common and equivalent shares outstanding (in shares)									19,559	19,468	19,379
Diluted earnings per common share (in dollars per share)	$ 0.71	$ 0.70	$ 0.53	$ 0.65	$ 0.70	$ 0.33	$ 0.34	$ 0.61	$ 2.59	$ 1.97	$ 1.04

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
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	0
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)		3,156

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS - Commitments Outstanding (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Commitments outstanding
Total commitments outstanding	$ 814,908	$ 728,615
Standby letters of credit
Commitments outstanding
Total commitments outstanding	23,670	26,047
Loan commitments outstanding
Commitments outstanding
Total commitments outstanding	117,044	65,796
Unused lines of credit
Commitments outstanding
Total commitments outstanding	$ 674,194	$ 636,772

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS - Fixed Rate Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments outstanding	$ 814,908	$ 728,615
Fixed rate loan commitments outstanding	5,900	20,500
Variable rate loan commitments outstanding	111,100	45,300
Loan commitments outstanding
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments outstanding	$ 117,044	$ 65,796

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES AND OTHER MATTERS - Narrative (Details) - BNB Bank (Bank) $ in Millions	Dec. 31, 2019USD ($)
Commitments and Contingencies [Line Items]
Required cash balance with Federal Reserve Bank of New York	$ 20.6
Average balance maintained	63.3
Lines of credit with unaffiliated correspondent banks to provide short-term credit	373
Amount available for transactions under Master Repurchase Agreement	1,500
Federal Home Loan Bank Advances
Commitments and Contingencies [Line Items]
Lines of credit available on an unsecured basis	353
Federal funds purchased	$ 0

REGULATORY CAPITAL REQUIREMEN_3

REGULATORY CAPITAL REQUIREMENTS - Narratives (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Regulatory capital requirements
Capital conversion buffer - 2016	0.625%
Increase in capital conversion buffer each year ( as a percent)	0.625%
Capital conservation buffer - 2019	2.50%
Actual, Ratio (as a percent)	7.00%
Actual, Ratio (as a percent)	8.50%
Actual, Ratio (as a percent)	10.50%
Basel III
Regulatory capital requirements
Additional capital conservation buffer (as a percentage)	2.50%
Actual, Ratio (as a percent)	10.20%	10.40%
Actual, Ratio (as a percent)	10.20%	10.40%
Actual, Ratio (as a percent)	13.10%	13.60%

REGULATORY CAPITAL REQUIREMEN_4

REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Common equity tier 1 capital to risk weighted assets:
Actual, Ratio (as a percent)	7.00%
Total Capital (to risk weighted assets)
Actual, Ratio (as a percent)	10.50%
Tier 1 Capital (to risk weighted assets)
Actual, Ratio (as a percent)	8.50%
Basel III
Common equity tier 1 capital to risk weighted assets:
Actual, Amount	$ 397,800	$ 360,688
Actual, Ratio (as a percent)	10.20%	10.40%
Minimum Capital Adequacy Requirement, Amount	$ 176,121	$ 155,836
Minimum Capital Adequacy Requirement, Ratio (as a percent)	4.50%	4.50%
Minimum Capital Adequacy Requirement with Capital Conservation Buffer, Amount	$ 273,967	$ 220,767
Minimum Capital Adequacy Requirement with Capital Conservation Buffer (as a percent)	7.00%	6.375%
Total Capital (to risk weighted assets)
Actual, Amount	$ 510,862	$ 472,382
Actual, Ratio (as a percent)	13.10%	13.60%
Minimum Capital Adequacy Requirement, Amount	$ 313,105	$ 277,041
Minimum Capital Adequacy Requirement (as a percent)	8.00%	8.00%
Minimum Capital Adequacy Requirement with Capital Conservation Buffer, Amount	$ 410,950	$ 341,973
Minimum Capital Adequacy Requirement with Capital Conservation Buffer (as a percent)	10.50%	9.875%
Tier 1 Capital (to risk weighted assets)
Actual, Amount	$ 397,800	$ 360,688
Actual, Ratio (as a percent)	10.20%	10.40%
For Capital Adequacy Purposes, Amount	$ 234,828	$ 207,781
For Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
Minimum Capital Adequacy Requirement with Capital Conservation Buffer, Amount	$ 332,674	$ 272,712
Minimum Capital Adequacy Requirement with Capital Conservation Buffer (as a percent)	8.50%	7.875%
Tier 1 Capital (to average assets)
Actual, Amount	$ 397,800	$ 360,688
Actual, Ratio (as a percent)	8.50%	8.10%
For Capital Adequacy Purposes, Amount	$ 187,386	$ 177,782
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
BNB Bank (Bank) | Basel III
Common equity tier 1 capital to risk weighted assets:
Actual, Amount	$ 474,056	$ 438,963
Actual, Ratio (as a percent)	12.10%	12.70%
Minimum Capital Adequacy Requirement, Amount	$ 176,114	$ 155,831
Minimum Capital Adequacy Requirement, Ratio (as a percent)	4.50%	4.50%
Minimum Capital Adequacy Requirement with Capital Conservation Buffer, Amount	$ 273,954	$ 220,761
Minimum Capital Adequacy Requirement with Capital Conservation Buffer (as a percent)	7.00%	6.375%
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 254,386	$ 225,089
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	6.50%	6.50%
Total Capital (to risk weighted assets)
Actual, Amount	$ 507,118	$ 470,657
Actual, Ratio (as a percent)	13.00%	13.60%
Minimum Capital Adequacy Requirement, Amount	$ 313,091	$ 277,033
Minimum Capital Adequacy Requirement (as a percent)	8.00%	8.00%
Minimum Capital Adequacy Requirement with Capital Conservation Buffer, Amount	$ 410,932	$ 341,963
Minimum Capital Adequacy Requirement with Capital Conservation Buffer (as a percent)	10.50%	9.875%
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 391,363	$ 346,291
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions (as a percent)	10.00%	10.00%
Tier 1 Capital (to risk weighted assets)
Actual, Amount	$ 474,056	$ 438,963
Actual, Ratio (as a percent)	12.10%	12.70%
For Capital Adequacy Purposes, Amount	$ 234,818	$ 207,775
For Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
Minimum Capital Adequacy Requirement with Capital Conservation Buffer, Amount	$ 332,659	$ 272,704
Minimum Capital Adequacy Requirement with Capital Conservation Buffer (as a percent)	8.50%	7.875%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 313,091	$ 277,033
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	8.00%	8.00%
Tier 1 Capital (to average assets)
Actual, Amount	$ 474,056	$ 438,963
Actual, Ratio (as a percent)	10.10%	9.90%
For Capital Adequacy Purposes, Amount	$ 187,377	$ 177,776
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 234,222	$ 222,220
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	5.00%	5.00%

PARENT COMPANY ONLY CONDENSED_3

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 117,194	$ 295,368	$ 94,747	$ 113,838
Other assets	38,399	39,188
Total assets	4,921,520	4,700,744
Liabilities and stockholders' equity:
Subordinated debentures, net	78,920	78,781
Total liabilities	4,424,366	4,246,914
Total stockholders' equity	497,154	453,830	429,200	407,987
Total liabilities and stockholders' equity	4,921,520	4,700,744
Parent Company
Assets:
Cash and cash equivalents	3,663	1,537	$ 7,858	$ 29,049
Other assets	174	103
Investment in the Bank	573,410	532,105
Total assets	577,247	533,745
Liabilities and stockholders' equity:
Subordinated debentures, net	78,920	78,781
Other liabilities	1,173	1,134
Total liabilities	80,093	79,915
Total stockholders' equity	497,154	453,830
Total liabilities and stockholders' equity	$ 577,247	$ 533,745

PARENT COMPANY ONLY CONDENSED_4

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION - Condensed Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed financial information
Interest expense	$ 8,672	$ 9,639	$ 10,835	$ 10,192	$ 9,382	$ 8,375	$ 7,622	$ 6,825	$ 39,338	$ 32,204	$ 22,689
Non-interest expense	25,332	24,204	24,004	22,599	22,071	31,004	22,507	22,598	96,139	98,180	91,727
Income tax benefit	3,934	3,852	2,859	3,415	2,878	1,381	1,701	3,181	14,060	9,141	18,946
Net income	$ 14,208	$ 13,903	$ 10,653	$ 12,927	$ 13,864	$ 6,547	$ 6,743	$ 12,073	51,691	39,227	20,539
Parent Company
Condensed financial information
Dividends from the Bank									24,500	15,000	0
Interest expense									4,539	4,539	4,588
Non-interest expense									104	135	147
Income (loss) before income taxes and equity in undistributed earnings of the Bank									19,857	10,326	(4,735)
Income tax benefit									(994)	(1,005)	(1,774)
Income (loss) before equity in undistributed earnings of the Bank									20,851	11,331	(2,961)
Equity in undistributed earnings of the Bank									30,840	27,896	23,500
Net income									$ 51,691	$ 39,227	$ 20,539

PARENT COMPANY ONLY CONDENSED_5

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 51,691	$ 39,227	$ 20,539
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Increase) decrease in other assets	3,942	(2,373)	5,426
Increase (decrease) in other liabilities	(1,509)	3,430	4,194
Net cash provided by operating activities	69,962	58,383	46,826
Cash flows from investing activities:
Net cash used in investing activities	(352,606)	(80,549)	(411,784)
Cash flows from financing activities:
Net proceeds from issuance of common stock	1,102	1,017	951
Purchase of treasury stock	(625)
Repurchase of surrendered stock from vesting of stock plans	(887)	(586)	(350)
Cash dividends paid	(18,420)	(18,342)	(18,238)
Net cash used in financing activities	104,470	222,787	345,867
Net (decrease) increase in cash and cash equivalents	(178,174)	200,621	(19,091)
Cash and cash equivalents at beginning of period	295,368	94,747	113,838
Cash and cash equivalents at end of period	117,194	295,368	94,747
Parent Company
Cash flows from operating activities:
Net income	51,691	39,227	20,539
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of the Bank	(30,840)	(27,896)	(23,500)
Amortization	139	140	139
(Increase) decrease in other assets	(73)	108	18
Increase (decrease) in other liabilities	39	11	(398)
Net cash provided by operating activities	20,956	11,590	(3,202)
Cash flows from financing activities:
Repayment of junior subordinated debentures	0	0	(352)
Net proceeds from issuance of common stock	1,102	1,017	951
Purchase of treasury stock	(625)
Repurchase of surrendered stock from vesting of stock plans	(887)	(586)	(350)
Cash dividends paid	(18,420)	(18,342)	(18,238)
Net cash used in financing activities	(18,830)	(17,911)	(17,989)
Net (decrease) increase in cash and cash equivalents	2,126	(6,321)	(21,191)
Cash and cash equivalents at beginning of period	1,537	7,858	29,049
Cash and cash equivalents at end of period	$ 3,663	$ 1,537	$ 7,858

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME - Components and Related Income Tax Effects (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).
Unrealized holding gains (losses) on available for sale securities	$ 15,524	$ (8,429)	$ (1,107)
Reclassification adjustments for (gains) losses realized in income	(201)	7,921	(38)
Income tax effect	(4,467)	160	640
Net change in unrealized gains (losses) on available for sale securities	10,856	(348)	(505)
Unrealized net loss arising during the period	1,076	1,567	302
Reclassification adjustments for amortization realized in income	487	384	480
Income tax effect	179	351	15
Net change in post-retirement obligation	(410)	(832)	193
Change in fair value of derivatives used for cash flow hedges	(3,601)	2,493	463
Reclassification adjustments for (gains) losses realized in income	(1,588)	(1,068)	1,419
Income tax effect	1,514	(418)	(793)
Net change in unrealized (losses) gains on cash flow hedges	(3,675)	1,007	1,089
Other comprehensive income (loss)	$ 6,771	$ (173)	$ 777

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Summary of the Accumulated Other Comprehensive Loss Balances, Net of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Unrealized (losses) gains on available for sale securities
Balance at the beginning of the period	$ (11,685)
Current Period Change	10,856	$ (348)	$ (505)
Balance at the end of the period	829	(11,685)
Unrealized losses on pension benefits
Balance at the beginning of the period	(6,365)
Current Period Change	(410)	(832)	193
Balance at the end of the period	(6,775)	(6,365)
Unrealized gains (losses) on cash flow hedges
Balance at the beginning of the period	2,938
Current Period Change	(3,675)	1,007	1,089
Balance at the end of the period	(737)	2,938
Accumulated other comprehensive (loss) income, net of income taxes
Balance at the beginning of the period	(15,112)
Current Period Change	6,771	(173)	$ 777
Balance at the end of the period	$ (8,341)	$ (15,112)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassifications out of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Amounts Reclassified from AOCI
Interest expense	$ 8,672	$ 9,639	$ 10,835	$ 10,192	$ 9,382	$ 8,375	$ 7,622	$ 6,825	$ 39,338	$ 32,204	$ 22,689
Income tax (expense) benefit	(3,934)	(3,852)	(2,859)	(3,415)	(2,878)	(1,381)	(1,701)	(3,181)	(14,060)	(9,141)	(18,946)
Net income	$ 14,208	$ 13,903	$ 10,653	$ 12,927	$ 13,864	$ 6,547	$ 6,743	$ 12,073	51,691	39,227	20,539
Amount Reclassified from Accumulated Other Comprehensive Income
Amounts Reclassified from AOCI
Total reclassifications, before income tax									1,302	(7,237)	(1,861)
Net income									922	(5,132)	(1,099)
Amount Reclassified from Accumulated Other Comprehensive Income | Interest expense.
Amounts Reclassified from AOCI
Income tax (expense) benefit									(380)	2,105	762
Amount Reclassified from Accumulated Other Comprehensive Income | Realized gains (losses) on sale of available for sale securities | Net securities gains (losses)
Amounts Reclassified from AOCI
Net securities gains (losses)									201	(7,921)	38
Amount Reclassified from Accumulated Other Comprehensive Income | Prior service credit | Other operating expense
Amounts Reclassified from AOCI
Other operating expenses									77	77	77
Amount Reclassified from Accumulated Other Comprehensive Income | Transition obligation | Other operating expense
Amounts Reclassified from AOCI
Other operating expenses										(5)	(27)
Amount Reclassified from Accumulated Other Comprehensive Income | Actuarial losses | Other operating expense
Amounts Reclassified from AOCI
Other operating expenses									(564)	(456)	(530)
Amount Reclassified from Accumulated Other Comprehensive Income | Realized gains (losses) on cash flow hedges | Interest expense.
Amounts Reclassified from AOCI
Net securities gains (losses)									$ 1,588	$ 1,068	$ (1,419)

QUARTERLY FINANCIAL DATA (UNA_3

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
QUARTERLY FINANCIAL DATA (UNAUDITED)
Interest income	$ 44,320	$ 46,354	$ 46,352	$ 44,515	$ 43,480	$ 42,589	$ 41,551	$ 41,364	$ 181,541	$ 168,984	$ 149,849
Interest expense	8,672	9,639	10,835	10,192	9,382	8,375	7,622	6,825	39,338	32,204	22,689
Net interest income	35,648	36,715	35,517	34,323	34,098	34,214	33,929	34,539	142,203	136,780	127,160
Provision for loan losses	600	1,000	3,500	600	400	200	400	800	5,700	1,800	14,050
Net interest income after provision for loan losses	35,048	35,715	32,017	33,723	33,698	34,014	33,529	33,739	136,503	134,980	113,110
Non-interest income (loss)	8,426	6,244	5,499	5,218	5,115	4,918	(2,578)	4,113	25,387	11,568	18,102
Non-interest expense	25,332	24,204	24,004	22,599	22,071	31,004	22,507	22,598	96,139	98,180	91,727
Income before income taxes	18,142	17,755	13,512	16,342	16,742	7,928	8,444	15,254	65,751	48,368	39,485
Income tax expense	3,934	3,852	2,859	3,415	2,878	1,381	1,701	3,181	14,060	9,141	18,946
Net income	$ 14,208	$ 13,903	$ 10,653	$ 12,927	$ 13,864	$ 6,547	$ 6,743	$ 12,073	$ 51,691	$ 39,227	$ 20,539
Basic earnings per share (in dollars per share)	$ 0.71	$ 0.70	$ 0.53	$ 0.65	$ 0.70	$ 0.33	$ 0.34	$ 0.61	$ 2.59	$ 1.97	$ 1.04
Diluted earnings per share (in dollars per share)	$ 0.71	$ 0.70	$ 0.53	$ 0.65	$ 0.70	$ 0.33	$ 0.34	$ 0.61	$ 2.59	$ 1.97	$ 1.04

QUARTERLY FINANCIAL DATA (UNA_4

QUARTERLY FINANCIAL DATA (UNAUDITED) - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
QUARTERLY FINANCIAL DATA (UNAUDITED)
Securities gross losses realized			$ (7,900)	$ 201	$ (7,921)	$ 38
Fraudulent conduct of a business customer		$ 9,500			8,900
Office Relocation Costs	$ 800				$ 750
Pre-tax recovery related to fraud loss	$ 600

NET FRAUD LOSS (Details)

NET FRAUD LOSS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2018
NET FRAUD LOSS
Net fraud loss	$ 9,500	$ 8,900