Dime Community Bancshares (DCOM) 10-Q 9 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	BRIDGE BANCORP INC
Entity Central Index Key	846,617
Trading Symbol	bdge
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		19,791,373
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 50,588	$ 76,614
Interest earning deposits with banks	48,424	18,133
Total cash and cash equivalents	99,012	94,747
Securities available for sale, at fair value	726,056	759,916
Securities held to maturity (fair value of $172,877 and $179,885, respectively)	176,089	180,866
Total securities	902,145	940,782
Securities, restricted	36,195	35,349
Loans held for investment	3,201,897	3,102,752
Allowance for loan losses	(32,812)	(31,707)
Loans, net	3,169,085	3,071,045
Premises and equipment, net	33,892	33,505
Accrued interest receivable	11,907	11,652
Goodwill	105,950	105,950
Other intangible assets	5,003	5,214
Prepaid pension	10,039	9,936
Bank owned life insurance	88,039	87,493
Other real estate owned	175
Other assets	39,182	34,329
Total assets	4,500,624	4,430,002
Liabilities
Demand deposits	1,224,043	1,338,701
Savings, NOW and money market deposits	1,924,455	1,773,478
Certificates of deposit of $100,000 or more	159,303	158,584
Other time deposits	123,444	63,780
Total deposits	3,431,245	3,334,543
Federal funds purchased		50,000
Federal Home Loan Bank advances	520,092	501,374
Repurchase agreements	872	877
Subordinated debentures, net	78,676	78,641
Other liabilities and accrued expenses	36,416	35,367
Total liabilities	4,067,301	4,000,802
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; 19,792,615 and 19,719,575 shares issued, respectively; and 19,779,699 and 19,709,360 shares outstanding, respectively)	198	197
Surplus	348,420	347,691
Retained earnings	104,050	96,547
Treasury stock at cost, 12,916 and 10,215 shares, respectively	(436)	(296)
Total stockholders' equity before accumulated other comprehensive income (loss)	452,232	444,139
Accumulated other comprehensive loss, net of income taxes	(18,909)	(14,939)
Total stockholders' equity	433,323	429,200
Total liabilities and stockholders' equity	$ 4,500,624	$ 4,430,002

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Consolidated Balance Sheets
Securities held to maturity, fair value (in dollars)	$ 172,877	$ 179,885
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	19,792,615	19,719,575
Common stock, shares outstanding	19,779,699	19,709,360
Treasury Stock, shares	12,916	10,215

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest income:
Loans (including fee income)	$ 35,613	$ 29,383
Mortgage-backed securities, CMOs and other asset-backed securities	3,724	3,817
U.S. GSE securities	279	300
State and municipal obligations	812	995
Corporate bonds	355	290
Deposits with banks	90	46
Other interest and dividend income	491	386
Total interest income	41,364	35,217
Interest expense:
Savings, NOW and money market deposits	2,514	1,551
Certificates of deposit of $100,000 or more	517	379
Other time deposits	195	178
Federal funds purchased and repurchase agreements	1,115	316
Federal Home Loan Bank advances	1,349	1,149
Subordinated debentures	1,135	1,135
Junior subordinated debentures		48
Total interest expense	6,825	4,756
Net interest income	34,539	30,461
Provision for loan losses	800	800
Net interest income after provision for loan losses	33,739	29,661
Non-interest income:
Service charges and other fees	2,163	2,050
Title fee income	505	550
Gain on sale of Small Business Administration loans	371	543
BOLI income	546	560
Other operating income	528	419
Total non-interest income	4,113	4,122
Non-interest expense:
Salaries and employee benefits	12,812	11,500
Occupancy and equipment	3,243	3,398
Technology and communications	1,643	1,335
Marketing and advertising	962	911
Professional services	1,212	781
FDIC assessments	464	311
Amortization of other intangible assets	246	279
Other operating expenses	2,016	1,781
Total non-interest expense	22,598	20,296
Income before income taxes	15,254	13,487
Income tax expense	3,181	4,316
Net income	$ 12,073	$ 9,171
Basic earnings per share (in dollars per share)	$ 0.61	$ 0.47
Diluted earnings per share (in dollars per share)	$ 0.61	$ 0.47

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Consolidated Statements of Comprehensive Income
Net income	$ 12,073	$ 9,171
Other comprehensive (loss) income:
Change in unrealized net (losses) gains on securities available for sale, net of reclassifications and deferred income taxes	(6,088)	1,010
Adjustment to pension liability, net of reclassifications and deferred income taxes	67	97
Unrealized gains on cash flow hedges, net of reclassifications and deferred income taxes	2,051	174
Total other comprehensive (loss) income	(3,970)	1,281
Comprehensive income	$ 8,103	$ 10,452

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Common Stock	Surplus	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2016	$ 191	$ 329,427	$ 91,594	$ (161)	$ (13,064)	$ 407,987
Increase (Decrease) in Stockholders' Equity
Net income			9,171			9,171
Shares issued under the dividend reinvestment plan		222				222
Shares issued for trust preferred securities conversions (529,292 shares)	5	14,944				14,949
Stock awards granted and distributed	1	(374)		373
Stock awards forfeited		13		(13)
Repurchase of surrendered stock from vesting of restricted stock awards				(221)		(221)
Share based compensation expense		610				610
Cash dividend declared, $0.23 per share			(4,541)			(4,541)
Other comprehensive income, net of deferred income taxes					1,281	1,281
Balance at Mar. 31, 2017	197	344,842	96,224	(22)	(11,783)	429,458
Balance at Dec. 31, 2017	197	347,691	96,547	(296)	(14,939)	429,200
Increase (Decrease) in Stockholders' Equity
Net income			12,073			12,073
Shares issued under the dividend reinvestment plan		232				232
Stock awards granted and distributed	1	(307)		306
Stock awards forfeited		20		(20)
Repurchase of surrendered stock from vesting of restricted stock awards				(426)		(426)
Share based compensation expense		784				784
Cash dividend declared, $0.23 per share			(4,570)			(4,570)
Other comprehensive income, net of deferred income taxes					(3,970)	(3,970)
Balance at Mar. 31, 2018	$ 198	$ 348,420	$ 104,050	$ (436)	$ (18,909)	$ 433,323

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical) (unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Consolidated Statements of Stockholders' Equity
Number of shares issued for trust preferred securities conversions		529,292
Cash dividend declared (in dollars per share)	$ 0.23	$ 0.23

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 12,073	$ 9,171
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	800	800
Depreciation and amortization of premises and equipment	933	948
Net (accretion) and other amortization	(1,033)	(2,338)
Net amortization on securities	1,302	1,692
Increase in cash surrender value of bank owned life insurance	(546)	(560)
Amortization of intangible assets	246	279
Share based compensation expense	784	610
Increase in accrued interest receivable	(255)	(26)
Small Business Administration ("SBA") loans originated for sale	(4,281)	(5,644)
Proceeds from sale of the guaranteed portion of SBA loans	4,744	6,303
Gain on sale of the guaranteed portion of SBA loans	(371)	(543)
Decrease (increase) in other assets	1,253	(836)
Decrease in accrued expenses and other liabilities	(479)	(336)
Net cash provided by operating activities	15,170	9,520
Cash flows from investing activities:
Purchases of securities available for sale	(525)	(30,421)
Purchases of securities, restricted	(342,405)	(246,765)
Purchases of securities held to maturity		(1,012)
Redemption of securities, restricted	341,559	246,259
Maturities, calls and principal payments of securities available for sale	24,715	29,945
Maturities, calls and principal payments of securities held to maturity	4,558	8,975
Net increase in loans	(98,217)	(55,171)
Purchase of premises and equipment	(1,320)	(809)
Net cash used in investing activities	(71,635)	(48,999)
Cash flows from financing activities:
Net increase in deposits	96,712	56,874
Net decrease in federal funds purchased	(50,000)	(50,000)
Net increase (decrease) in Federal Home Loan Bank advances	18,787	(5,410)
Repayment of junior subordinated debentures		(352)
Net (decrease) increase in repurchase agreements	(5)	33
Net proceeds from issuance of common stock	232	222
Repurchase of surrendered stock from vesting of restricted stock awards	(426)	(221)
Cash dividends paid	(4,570)	(4,541)
Net cash provided by (used in) financing activities	60,730	(3,395)
Net increase (decrease) in cash and cash equivalents	4,265	(42,874)
Cash and cash equivalents at beginning of period	94,747	113,838
Cash and cash equivalents at end of period	99,012	70,964
Cash paid for:
Interest	7,963	6,008
Income taxes	261
Non-cash investing and financing activities:
Securities which settled in the subsequent period		3,080
Conversion of junior subordinated debentures		$ 15,350
Transfers from portfolio loans to other real estate owned	$ 175

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2018
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Bridge Bancorp, Inc. (the “Registrant” or “Company”), is a registered bank holding company for BNB Bank (the “Bank”), which was formerly known as The Bridgehampton National Bank prior to the Bank’s conversion to a New York chartered commercial bank in December 2017. The Registrant was incorporated under the laws of the State of New York in 1988, at the direction of the Board of Directors of the Bank for the purpose of becoming a bank holding company pursuant to a plan of reorganization under which the former shareholders of the Bank became the shareholders of the Company. Since commencing business in March 1989, after the reorganization, the Registrant has functioned primarily as the holder of all of the Bank’s common stock. In May 1999, the Bank established a real estate investment trust subsidiary, Bridgehampton Community, Inc. (“BCI”), as an operating subsidiary. The assets transferred to BCI are viewed by the bank regulators as part of the Bank’s assets in consolidation. The operations of the Bank also include Bridge Abstract LLC (“Bridge Abstract”), a wholly owned subsidiary of the Bank, which is a broker of title insurance services and Bridge Financial Services LLC (“Bridge Financial Services”), an investment services subsidiary that was formed in March 2014. The Company formed Bridge Statutory Capital Trust II (the “Trust”) as a subsidiary in 2009, which sold $16.0 million of 8.5% cumulative convertible Trust Preferred Securities (the “Trust Preferred Securities”) in a private placement to accredited investors. The Trust Preferred Securities were redeemed effective January 18, 2017 and the Trust was cancelled effective April 24, 2017. The accompanying Unaudited Consolidated Financial Statements, which include the accounts of the Company and its wholly-owned subsidiary, the Bank, have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The Unaudited Consolidated Financial Statements included herein reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Such estimates are subject to change in the future as additional information becomes available or previously existing circumstances are modified. Actual future results could differ significantly from those estimates. The annualized results of operations for the three months ended March 31, 2018 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain reclassifications have been made to prior year amounts, and the related discussion and analysis, to conform to the current year presentation. These reclassifications did not have an impact on net income or total stockholders’ equity. The Unaudited Consolidated Financial Statements should be read in conjunction with the Audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2018
EARNINGS PER SHARE
EARNINGS PER SHARE	2. EARNINGS PER SHARE Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) No. 260-10-45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards and certain restricted stock units granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities. The following table presents the computation of EPS for the three months ended March 31, 2018 and 2017: Three Months Ended March 31, ( In thousands, except per share data 2018 2017 Net income $ 12,073 $ 9,171 Dividends paid on and earnings allocated to participating securities (253 ) (178 ) Income attributable to common stock $ 11,820 $ 8,993 Weighted average common shares outstanding, including participating securities 19,834 19,669 Weighted average participating securities (421 ) (392 ) Weighted average common shares outstanding 19,413 19,277 Basic earnings per common share $ 0.61 $ 0.47 Income attributable to common stock $ 11,820 $ 8,993 Weighted average common shares outstanding 19,413 19,277 Incremental shares from assumed conversions of options and restricted stock units 25 19 Weighted average common and equivalent shares outstanding 19,438 19,296 Diluted earnings per common share $ 0.61 $ 0.47 There were 47,393 stock options outstanding at March 31, 2018 that were not included in the computation of diluted earnings per share for the three months ended March 31, 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 at March 31, 2017. There were 21,693 and 19,957 restricted stock units that were antidilutive for the three months ended March 31, 2018 and 2017, respectively.

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS	3 Months Ended
	Mar. 31, 2018
STOCK BASED COMPENSATION PLANS
STOCK BASED COMPENSATION PLANS	3. STOCK BASED COMPENSATION PLANS The Bridge Bancorp, Inc. 2012 Stock-Based Incentive Plan (“2012 SBIP”) provides for the grant of stock-based and other incentive awards to officers, employees and directors of the Company. The 2012 SBIP superseded the Bridge Bancorp, Inc. 2006 Equity Incentive Plan. The number of shares of common stock of Bridge Bancorp, Inc. available for stock-based awards under the 2012 SBIP is 525,000 plus 278,385 shares that were remaining under the 2006 Equity Incentive Plan. Of the total 803,385 shares of common stock approved for issuance under the 2012 SBIP, 290,494 shares remain available for issuance at March 31, 2018, including shares that may be granted in the form of stock options, restricted stock awards (“RSAs”), or restricted stock units (“RSUs”). The Compensation Committee of the Board of Directors determines awards under the 2012 SBIP. The Company accounts for the 2012 SBIP under FASB ASC No. 718. Stock Options Stock options may be either incentive stock options, which bestow certain tax benefits on the optionee, or non-qualified stock options, not qualifying for such benefits. All options have an exercise price that is not less than the market value of the Company’s common stock on the date of the grant. The fair value of each option granted is estimated on the date of the grant using the Black-Scholes option-pricing model. The intrinsic value for stock options is calculated based on the exercise price of the underlying awards and the market price of the Company’s common stock as of the exercise or reporting date. During the three months ended March 31, 2018, in accordance with the Long Term Incentive Plan (“LTI Plan”) for Named Executive Officers (“NEOs”), the Company granted 47,393 stock options. 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 three months ended March 31, 2018 was $6.52 per stock option, using the Black-Scholes option-pricing model with assumptions as follows: dividend yield of 2.80%; expected volatility rate of 27.53%; risk-free interest rate of 2.67%; and expected option life of 6.5 years. There were no stock options granted during the three months ended March 31, 2017. Compensation expense attributable to stock options was $13 thousand for the three months ended March 31, 2018. There was no compensation expense attributable to stock options for the three months ended March 31, 2017 because there were no stock options outstanding as of March 31, 2017 and December 31, 2016. As of March 31, 2018, there was $296 thousand of total unrecognized compensation cost related to unvested stock options. The cost is expected to be recognized over a weighted-average period of 2.9 years. The following table summarizes the status of the Company’s stock options as of and for the three months ended March 31, 2018: 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, 2018 - $ - Granted 47,393 36.19 Outstanding, March 31, 2018 47,393 $ 36.19 9.9 years $ - Vested and Exercisable, March 31, 2018 - $ - $ - $ - Number of Weighted Range of Exercise Prices Options Exercise Price $36.19 47,393 $ 36.19 47,393 $ 36.19 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 2018 corporate goals. The following table summarizes the unvested RSA activity for the three months ended March 31, 2018: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2018 317,692 $ 27.16 Granted 77,682 33.03 Vested (47,916 ) 23.26 Forfeited (650 ) 31.06 Unvested, March 31, 2018 346,808 $ 29.01 During the three months ended March 31, 2018, the Company granted a total of 77,682 RSAs. Of the 77,682 RSAs granted, 39,750 time-vested RSAs vest ratably over five years, 12,815 time-vested RSAs vest ratably over three years, and 25,117 performance-based RSAs vest ratably over two years, subject to the achievement of the Company’s 2018 corporate goals. Compensation expense attributable to RSAs was $536 thousand and $413 thousand for the three months ended March 31, 2018 and 2017, respectively. As of March 31, 2018, there was $7.0 million of total unrecognized compensation cost related to non-vested RSAs. The cost is expected to be recognized over a weighted-average period of 3.7 years. Restricted Stock Units Long Term Incentive Plan During the three months ended March 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 years 2018, 2019 and 2020. The following table summarizes the unvested NEO RSU activity for the three months ended March 31, 2018: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2018 68,776 $ 24.46 Granted 21,693 33.23 Reinvested dividends 460 24.46 Forfeited (13,333 ) 21.85 Unvested, March 31, 2018 77,596 $ 27.36 Compensation expense attributable to LTI Plan RSUs was $101 thousand and $69 thousand for the three months ended March 31, 2018 and 2017, respectively. As of March 31, 2018, there was $1.6 million of total unrecognized compensation cost related to non-vested RSUs. The cost is expected to be recognized over a weighted-average period of 2.4 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 $135 thousand and $128 thousand in connection with these RSUs for the three months ended March 31 2018 and 2017, respectively.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2018
SECURITIES
SECURITIES	4. SECURITIES The following tables summarize the amortized cost and estimated fair value of the available for sale and held to investment securities portfolio at March 31, 2018 and December 31, 2017 and the corresponding amounts of unrealized gains and losses therein: March 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 57,995 $ - $ (1,957 ) $ 56,038 State and municipal obligations 86,127 54 (1,335 ) 84,846 U.S. GSE residential mortgage-backed securities 181,005 4 (5,442 ) 175,567 U.S. GSE residential collateralized mortgage obligations 300,907 - (10,233 ) 290,674 U.S. GSE commercial mortgage-backed securities 5,976 - (120 ) 5,856 U.S. GSE commercial collateralized mortgage obligations 48,370 - (1,878 ) 46,492 Other asset backed securities 24,250 - (849 ) 23,401 Corporate bonds 46,000 - (2,818 ) 43,182 Total available for sale 750,630 58 (24,632 ) 726,056 Held to maturity: State and municipal obligations 58,511 586 (260 ) 58,837 U.S. GSE residential mortgage-backed securities 10,988 - (433 ) 10,555 U.S. GSE residential collateralized mortgage obligations 52,603 137 (1,153 ) 51,587 U.S. GSE commercial mortgage-backed securities 22,751 - (719 ) 22,032 U.S. GSE commercial collateralized mortgage obligations 31,236 - (1,370 ) 29,866 Total held to maturity 176,089 723 (3,935 ) 172,877 Total securities $ 926,719 $ 781 $ (28,567 ) $ 898,933 December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 57,994 $ - $ (1,180 ) $ 56,814 State and municipal obligations 87,582 259 (819 ) 87,022 U.S. GSE residential mortgage-backed securities 189,705 29 (2,833 ) 186,901 U.S. GSE residential collateralized mortgage obligations 314,390 16 (7,016 ) 307,390 U.S. GSE commercial mortgage-backed securities 6,017 2 (40 ) 5,979 U.S. GSE commercial collateralized mortgage obligations 49,965 - (1,249 ) 48,716 Other asset backed securities 24,250 - (849 ) 23,401 Corporate bonds 46,000 - (2,307 ) 43,693 Total available for sale 775,903 306 (16,293 ) 759,916 Held to maturity: State and municipal obligations 60,762 972 (64 ) 61,670 U.S. GSE residential mortgage-backed securities 11,424 - (261 ) 11,163 U.S. GSE residential collateralized mortgage obligations 54,250 244 (666 ) 53,828 U.S. GSE commercial mortgage-backed securities 22,953 77 (438 ) 22,592 U.S. GSE commercial collateralized mortgage obligations 31,477 - (845 ) 30,632 Total held to maturity 180,866 1,293 (2,274 ) 179,885 Total securities $ 956,769 $ 1,599 $ (18,567 ) $ 939,801 The following table summarizes the amortized cost and estimated fair value by contractual maturity of the available for sale and held to investment securities portfolio at March 31, 2018 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 9,807 $ 9,785 One to five years 90,205 88,221 Five to ten years 125,146 120,265 Beyond ten years 525,472 507,785 Total $ 750,630 $ 726,056 Held to maturity: Within one year $ 2,878 $ 2,873 One to five years 31,208 31,046 Five to ten years 55,680 55,269 Beyond ten years 86,323 83,689 Total $ 176,089 $ 172,877 The following tables summarize securities with gross unrealized losses at March 31, 2018 and December 31, 2017, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position: March 31, 2018 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Available for sale: U.S. GSE securities $ - $ - $ 56,038 $ (1,957 ) State and municipal obligations 51,188 (630 ) 29,283 (705 ) U.S. GSE residential mortgage-backed securities 91,424 (2,353 ) 80,300 (3,089 ) U.S. GSE residential collateralized mortgage obligations 78,440 (1,748 ) 212,234 (8,485 ) U.S. GSE commercial mortgage-backed securities 5,856 (120 ) - - U.S. GSE commercial collateralized mortgage obligations 252 - 46,240 (1,878 ) Other asset backed securities - - 23,401 (849 ) Corporate bonds 13,281 (719 ) 29,901 (2,099 ) Total available for sale 240,441 (5,570 ) 477,397 (19,062 ) Held to maturity: State and municipal obligations 23,435 (255 ) 1,005 (5 ) U.S. GSE residential mortgage-backed securities 1,276 (32 ) 9,279 (401 ) U.S. GSE residential collateralized mortgage obligations 24,359 (358 ) 20,142 (795 ) U.S. GSE commercial mortgage-backed securities 13,975 (276 ) 8,057 (443 ) U.S. GSE commercial collateralized mortgage obligations 10,116 (324 ) 19,750 (1,046 ) Total held to maturity $ 73,161 $ (1,245 ) $ 58,233 $ (2,690 ) December 31, 2017 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized ( In thousands Value Losses Value Losses Available for sale: U.S. GSE securities $ - $ - $ 56,815 $ (1,180 ) State and municipal obligations 35,350 (301 ) 28,165 (518 ) U.S. GSE residential mortgage-backed securities 107,408 (1,153 ) 69,571 (1,680 ) U.S. GSE residential collateralized mortgage obligations 77,705 (759 ) 224,932 (6,257 ) U.S. GSE commercial mortgage-backed securities 2,345 (40 ) - - U.S. GSE commercial collateralized mortgage obligations 452 (1 ) 48,264 (1,248 ) Other asset backed securities - - 23,401 (849 ) Corporate bonds 13,588 (412 ) 30,105 (1,895 ) Total available for sale 236,848 (2,666 ) 481,253 (13,627 ) Held to maturity: State and municipal obligations 7,709 (57 ) 1,009 (7 ) U.S. GSE residential mortgage-backed securities 1,359 (16 ) 9,804 (245 ) U.S. GSE residential collateralized mortgage obligations 21,329 (94 ) 21,112 (572 ) U.S. GSE commercial mortgage-backed securities 8,789 (121 ) 8,303 (317 ) U.S. GSE commercial collateralized mortgage obligations 10,341 (116 ) 20,290 (729 ) Total held to maturity $ 49,527 $ (404 ) $ 60,518 $ (1,870 ) Other-Than-Temporary Impairment Management evaluates securities for other-than-temporary impairment (“OTTI”) quarterly and more frequently when economic or market conditions warrant. The investment securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities classified as available for sale or held to maturity are generally evaluated for OTTI under FASB ASC 320, “Accounting for Certain Investments in Debt and Equity Securities”. In determining OTTI under the FASB ASC 320 model, management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. 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 March 31, 2018, 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 Aa1 Moody’s rating during the time the Bank has owned them. The corporate bonds within the portfolio have all maintained an investment grade rating by either Moody’s or Standard and Poor’s. None of the unrealized losses is related to credit losses. The Company does not have the intent to sell these securities and it is more likely than not that it will not be required to sell the securities before their anticipated recovery. Therefore, the Company does not consider these securities to be other-than-temporarily impaired at March 31, 2018. Sales and Calls of Securities There were no proceeds from sales of securities for the three months ended March 31, 2018 and 2017. There were no proceeds from calls of securities for the three months ended March 31, 2018. There were $0.2 million of proceeds from calls of securities for the three months ended March 31, 2017. Pledged Securities Securities having a fair value of $570.0 million and $513.5 million at March 31, 2018 and December 31, 2017 Trading Securities The Company did not hold any trading securities during the three months ended March 31, 2018 Restricted Securities The Bank is a member of the FHLB of New York. Members are required to own a particular amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. The Bank is a member of the Atlantic Central Banker’s Bank (“ACBB”) and is required to own ACBB stock. The Bank is also a member of the FRB system and required to own FRB stock. FHLB, ACBB and FRB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The Bank owned $36.2 million and $35.3 million in FHLB, ACBB and FRB stock at March 31, 2018 and December 31, 2017, respectively. These amounts were reported as restricted securities in the consolidated balance sheets.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2018
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE	5. FAIR VALUE As described in Note 14. Recent Accounting Pronouncements, during the first quarter of 2018, the Company adopted ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. FASB ASC No. 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The following tables summarize assets and liabilities measured at fair value on a recurring basis: March 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 56,038 $ 56,038 State and municipal obligations 84,846 84,846 U.S. GSE residential mortgage-backed securities 175,567 175,567 U.S. GSE residential collateralized mortgage obligations 290,674 290,674 U.S. GSE commercial mortgage-backed securities 5,856 5,856 U.S. GSE commercial collateralized mortgage obligations 46,492 46,492 Other asset backed securities 23,401 23,401 Corporate bonds 43,182 43,182 Total available for sale securities $ 726,056 $ 726,056 Derivatives $ 7,374 $ 7,374 Financial liabilities: Derivatives $ 1,759 $ 1,759 December 31, 2017 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 56,814 $ 56,814 State and municipal obligations 87,022 87,022 U.S. GSE residential mortgage-backed securities 186,901 186,901 U.S. GSE residential collateralized mortgage obligations 307,390 307,390 U.S. GSE commercial mortgage-backed securities 5,979 5,979 U.S. GSE commercial collateralized mortgage obligations 48,716 48,716 Other asset backed securities 23,401 23,401 Corporate bonds 43,693 43,693 Total available for sale securities $ 759,916 $ 759,916 Derivatives $ 4,546 $ 4,546 Financial liabilities: Derivatives $ 1,823 $ 1,823 The following tables summarize assets measured at fair value on a non-recurring basis: March 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Impaired loans $ - $ - Other real estate owned $ 175 $ 175 December 31, 2017 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Impaired loans $ - $ - Other real estate owned $ - $ - Impaired loans with an allocated allowance for loan losses at March 31, 2018 had a carrying amount of zero, which is made up of the outstanding balance of $1.7 million, net of a valuation allowance of $1.7 million. Impaired loans with an allocated allowance for loan losses at December 31, 2017 had a carrying amount of zero, which is made up of the outstanding balance of $1.7 million, net of a valuation allowance of $1.7 million. This resulted in an additional provision for loan losses of $1.7 million that is included in the amount reported on the Consolidated Statements of Income for the year ended December 31, 2017. Other real estate owned at March 31, 2018 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. There was no other real estate owned at December 31, 2017. The Company used the following methods and assumptions in estimating the fair value of its financial instruments: Cash and Due from Banks and Interest Earning Deposits with Banks: Securities Available for Sale and Held to Maturity: Derivatives: Impaired Loans and Other Real Estate Owned: 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. On a quarterly basis, the Company compares the actual sale price of collateral that has been sold to the most recent appraised value to determine what additional adjustments should be made to appraisal values to arrive at fair value. Management also considers the appraisal values for commercial properties associated with current loan origination activity. Collectively, this information is reviewed to help assess current trends in commercial property values. For each collateral dependent impaired loan, management considers information that relates to the type of commercial property to determine if such properties may have appreciated or depreciated in value since the date of the most recent appraisal. Adjustments to fair value are made only when the analysis indicates a probable decline in collateral values. Adjustments made in the appraisal process are not deemed material to the overall consolidated financial statements given the level of impaired loans measured at fair value on a nonrecurring basis. Deposits: Borrowed Funds: Accrued Interest Receivable and Payable: Off-Balance-Sheet Liabilities: Fair value estimates are made at specific points in time and are based on existing on-and off-balance sheet financial instruments. These estimates are subjective in nature and dependent on a number of significant assumptions associated with each financial instrument or group of financial instruments, including estimates of discount rates, risks associated with specific financial instruments, estimates of future cash flows, and relevant available market information. Changes in assumptions could significantly affect the estimates. In addition, fair value estimates do not reflect the value of anticipated future business, premiums or discounts that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument, or the tax consequences of realizing gains or losses on the sale of financial instruments. The following tables summarize the estimated fair values and recorded carrying amounts of the Company’s financial instruments at March 31, 2018 and December 31, 2017: March 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Total Carrying Identical Assets Inputs Inputs Fair ( In thousands Amount (Level 1) (Level 2) (Level 3) Value Financial assets: Cash and due from banks $ 50,588 $ 50,588 $ — $ — $ 50,588 Interest earning deposits with banks 48,424 48,424 — — 48,424 Securities available for sale 726,056 — 726,056 — 726,056 Securities restricted 36,195 n/a n/a n/a n/a Securities held to maturity 176,089 — 172,877 — 172,877 Loans, net 3,169,085 — — 3,161,561 3,161,561 Derivatives 7,374 — 7,374 — 7,374 Accrued interest receivable 11,907 — 3,424 8,483 11,907 Financial liabilities: Certificates of deposit 282,747 — 280,060 — 280,060 Demand and other deposits 3,148,498 3,148,498 — — 3,148,498 Federal Home Loan Bank advances 520,092 227,000 287,439 — 514,439 Repurchase agreements 872 — 872 — 872 Subordinated debentures 78,676 — 75,661 — 75,661 Derivatives 1,759 — 1,759 — 1,759 Accrued interest payable 436 — 436 — 436 December 31, 2017 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Total Carrying Identical Assets Inputs Inputs Fair ( In thousands Amount (Level 1) (Level 2) (Level 3) Value Financial assets: Cash and due from banks $ 76,614 $ 76,614 $ - $ - $ 76,614 Interest earning deposits with banks 18,133 18,133 - - 18,133 Securities available for sale 759,916 - 759,916 - 759,916 Securities restricted 35,349 n/a n/a n/a n/a Securities held to maturity 180,866 - 179,885 - 179,885 Loans, net 3,071,045 - - 3,010,023 3,010,023 Derivatives 4,546 - 4,546 - 4,546 Accrued interest receivable 11,652 - 3,211 8,441 11,652 Financial liabilities: Certificates of deposit 222,364 - 220,775 - 220,775 Demand and other deposits 3,112,179 3,112,179 - - 3,112,179 Federal funds purchased 50,000 50,000 - - 50,000 Federal Home Loan Bank advances 501,374 185,000 313,558 - 498,558 Repurchase agreements 877 - 877 - 877 Subordinated debentures 78,641 - 77,933 - 77,933 Derivatives 1,823 - 1,823 - 1,823 Accrued interest payable 1,574 - 1,574 - 1,574

LOANS

LOANS	3 Months Ended
	Mar. 31, 2018
LOANS
LOANS	6. LOANS The following table sets forth the major classifications of loans: ( In thousands March 31, 2018 December 31, 2017 Commercial real estate mortgage loans $ 1,339,992 $ 1,293,906 Multi-family mortgage loans 601,747 595,280 Residential real estate mortgage loans 493,153 464,264 Commercial, industrial and agricultural loans 638,711 616,003 Real estate construction and land loans 104,496 107,759 Installment/consumer loans 19,078 21,041 Total loans 3,197,177 3,098,253 Net deferred loan costs and fees 4,720 4,499 Total loans held for investment 3,201,897 3,102,752 Allowance for loan losses (32,812 ) (31,707 ) Loans, net $ 3,169,085 $ 3,071,045 In June 2015, the Company completed the acquisition of Community National Bank (“CNB”) resulting in the addition of $729.4 million of acquired loans recorded at their fair value. There were approximately $331.4 million and $359.4 million of acquired CNB loans remaining as of March 31, 2018 and December 31, 2017, respectively. In February 2014, the Company completed the acquisition of FNBNY Bancorp, Inc. and its wholly owned subsidiary First National Bank of New York (collectively “FNBNY”) resulting in the addition of $89.7 million of acquired loans recorded at their fair value. There were approximately $15.3 million and $15.4 million of acquired FNBNY loans remaining as of March 31, 2018 and December 31, 2017, respectively. Lending Risk The principal business of the Bank is lending in commercial real estate 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 $250,000 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. The loans are usually made in areas with limited single-family residences generating high demand for these facilities. 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: Special mention: Substandard: Doubtful: The following tables represent loans categorized by class and internally assigned risk grades as of March 31, 2018 and December 31, 2017: March 31, 2018 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 461,080 $ 1,822 $ 20,293 $ - $ 483,195 Non-owner occupied 844,249 8,019 4,529 - 856,797 Multi-family 601,747 - - - 601,747 Residential real estate: Residential mortgage 421,767 5,902 287 - 427,956 Home equity 63,161 1,240 796 - 65,197 Commercial and industrial: Secured 89,564 12,907 13,598 - 116,069 Unsecured 502,073 12,459 8,110 - 522,642 Real estate construction and land loans 104,181 - 315 - 104,496 Installment/consumer loans 19,064 14 - - 19,078 Total loans $ 3,106,886 $ 42,363 $ 47,928 $ - $ 3,197,177 At March 31, 2018, there were $0.4 million and $1.6 million of acquired CNB loans included in the special mention and substandard grades, respectively, and $0.2 million and $0.3 million of acquired FNBNY loans included in the special mention and substandard grades, respectively. December 31, 2017 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 451,264 $ 1,796 $ 19,589 $ - $ 472,649 Non-owner occupied 808,612 8,056 4,589 - 821,257 Multi-family 595,280 - - - 595,280 Residential real estate: Residential mortgage 393,029 4,854 290 - 398,173 Home equity 64,601 698 792 - 66,091 Commercial and industrial: Secured 86,116 12,637 13,560 - 112,313 Unsecured 485,598 14,553 3,539 - 503,690 Real estate construction and land loans 107,440 - 319 - 107,759 Installment/consumer loans 21,020 16 5 - 21,041 Total loans $ 3,012,960 $ 42,610 $ 42,683 $ - $ 3,098,253 At December 31, 2017, there were $0.4 million and $1.6 million of acquired CNB loans included in the special mention and substandard grades, respectively, and $0.2 million and $0.3 million of acquired FNBNY loans included in the special mention and substandard grades, respectively. Past Due and Nonaccrual Loans The following tables represent the aging of the recorded investment in past due loans as of March 31, 2018 and December 31, 2017 by class of loans, as defined by FASB ASC 310-10: March 31, 2018 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Loans Commercial real estate: Owner occupied $ 1,450 $ - $ - $ 2,192 $ 3,642 $ 479,553 $ 483,195 Non-owner occupied - - 1,143 425 1,568 855,229 856,797 Multi-family - - - - - 601,747 601,747 Residential real estate: Residential mortgages 1,386 - 1,017 393 2,796 425,160 427,956 Home equity 575 - 280 261 1,116 64,081 65,197 Commercial and industrial: Secured 343 - 225 570 1,138 114,931 116,069 Unsecured 688 47 - 2,078 2,813 519,829 522,642 Real estate construction and land loans - - - 152 152 104,344 104,496 Installment/consumer loans 17 - - - 17 19,061 19,078 Total loans $ 4,459 $ 47 $ 2,665 $ 6,071 $ 13,242 $ 3,183,935 $ 3,197,177 December 31, 2017 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Loans Commercial real estate: Owner occupied $ 284 $ - $ 175 $ 2,205 $ 2,664 $ 469,985 $ 472,649 Non-owner occupied - - 1,163 - 1,163 820,094 821,257 Multi-family - - - - - 595,280 595,280 Residential real estate: Residential mortgages 2,074 398 - 401 2,873 395,300 398,173 Home equity 329 - 271 161 761 65,330 66,091 Commercial and industrial: Secured 113 41 225 570 949 111,364 112,313 Unsecured 18 35 - 3,618 3,671 500,019 503,690 Real estate construction and land loans - 281 - - 281 107,478 107,759 Installment/consumer loans 36 5 - - 41 21,000 21,041 Total loans $ 2,854 $ 760 $ 1,834 $ 6,955 $ 12,403 $ 3,085,850 $ 3,098,253 There were $1.6 million and $2.4 million of acquired loans that were 30-89 days past due at March 31, 2018 and December 31, 2017, respectively. All loans 90 days or more past due that are still accruing interest represent loans acquired from CNB, FNBNY and Hamptons State Bank (“HSB”) which were recorded at fair value upon acquisition. These loans are considered to be accruing as management can reasonably estimate future cash flows and expects to fully collect the carrying value of these acquired loans. Therefore, the difference between the carrying value of these loans and their expected cash flows is being accreted into income. Impaired Loans At March 31, 2018 and December 31, 2017, the Company had individually impaired loans as defined by FASB ASC No. 310, “Receivables” of $27.1 million and $22.5 million, respectively. The increase in impaired loans was attributable to troubled debt restructurings ("TDRs”) during the 2018 first quarter, partially offset by a decrease in non-accrual loans. During the three months ended March 31, 2018, the Bank modified certain commercial and industrial TDRs totaling $6.7 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 nonaccrual loans and TDRs. 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 following tables set forth the recorded investment, unpaid principal balance and related allowance by class of loans at March 31, 2018 and December 31, 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 three months ended March 31, 2018 and 2017: March 31, 2018 Three Months Ended (In thousands) Recorded Unpaid Related Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 2,073 $ - Non-owner occupied 9,243 9,243 - 8,973 76 Residential real estate: Residential mortgages - - - - - Home equity 100 100 - 100 - Commercial and industrial: Secured 8,727 9,373 - 8,744 56 Unsecured 5,203 5,203 - 4,932 37 Total with no related allowance recorded $ 25,346 $ 25,992 $ - $ 24,822 $ 169 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 1,708 - Total with an allowance recorded $ 1,708 $ 3,235 $ 1,708 $ 1,708 $ - Total: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 2,073 $ - Non-owner occupied 9,243 9,243 - 8,973 76 Residential real estate: Residential mortgages - - - - - Home equity 100 100 - 100 - Commercial and industrial: Secured 8,727 9,373 - 8,744 56 Unsecured 6,911 8,438 1,708 6,640 37 Total $ 27,054 $ 29,227 $ 1,708 $ 26,530 $ 169 December 31, 2017 Three Months Ended (In thousands) Recorded Unpaid Related Average Interest Income With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 158 $ 2 Non-owner occupied 9,089 9,089 - 604 18 Residential real estate: Residential mortgages - - - 4,139 79 Home equity 100 100 - 131 - Commercial and industrial: Secured 7,368 8,013 - 270 8 Unsecured 2,154 2,408 - 196 5 Total with no related allowance recorded $ 20,784 $ 21,683 $ - $ 5,498 $ 112 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 32 1 Total with an allowance recorded $ 1,708 $ 3,235 $ 1,708 $ 32 $ 1 Total: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 158 $ 2 Non-owner occupied 9,089 9,089 - 604 18 Residential real estate: Residential mortgages - - - 4,139 79 Home equity 100 100 - 131 - Commercial and industrial: Secured 7,368 8,013 - 270 8 Unsecured 3,862 5,643 1,708 228 6 Total $ 22,492 $ 24,918 $ 1,708 $ 5,530 $ 113 The Bank had one other real estate owned, consisting of $0.2 million at March 31, 2018 compared to none at December 31, 2017. Troubled Debt Restructurings The terms of certain loans were modified and are considered TDRs. The modification of the terms of such loans generally includes one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. The modification of these loans involved loans to borrowers who were experiencing financial difficulties. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed to determine if that borrower is currently in payment default under any of its obligations or whether there is a probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. During the three months ended March 31, 2018, the Bank modified six commercial and industrial loans totaling $6.7 million as TDRs compared to two commercial real estate loans as TDRs totaling $7.8 million for the three months ended March 31, 2017. These modifications did not result in a change to the recorded investment of the loans and did not increase the allowance for loan losses for those periods. During the three months ended March 31, 2018 and 2017, there were no charge-offs relating to TDRs and there were no loans modified as TDRs for which there was a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of March 31, 2018 and December 31, 2017, the Company had $32 thousand and $5 thousand, respectively, of nonaccrual TDRs and $23.2 million and $16.7 million, respectively, of performing TDRs. At March 31, 2018 and December 31, 2017, nonaccrual 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 three months ended March 31, 2018 that did not meet the definition of a TDR. These loans have a total recorded investment at March 31, 2018 of $3.6 million. These loans were to borrowers who were not experiencing financial difficulties. Purchased Credit Impaired Loans Loans acquired in a business combination are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. At the acquisition date, the purchased credit impaired (“PCI”) loans acquired as part of the FNBNY acquisition had contractually required principal and interest payments receivable of $40.3 million, expected cash flows of $28.4 million, and a fair value (initial carrying amount) of $21.8 million. The difference between the contractually required principal and interest payments receivable and the expected cash flows of $11.9 million represented the non-accretable difference. The difference between the expected cash flows and fair value of $6.6 million represented the initial accretable yield. At March 31, 2018, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $3.9 million and $2.6 million, respectively, with a remaining non-accretable difference of $0.7 million. At December 31, 2017, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $4.0 million and $2.4 million, respectively, with a remaining non-accretable difference of $0.7 million. At the acquisition date, the PCI loans acquired as part of the CNB acquisition had contractually required principal and interest payments receivable of $23.4 million, expected cash flows of $10.1 million, and a fair value (initial carrying amount) of $8.7 million. The difference between the contractually required principal and interest payments receivable and the expected cash flows of $13.3 million represented the non-accretable difference. The difference between the expected cash flows and fair value of $1.4 million represented the initial accretable yield. At March 31, 2018, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $1.5 million and $0.2 million, respectively, with a remaining non-accretable difference of $1.0 million. At December 31, 2017, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $7.6 million and $1.0 million, respectively, with a remaining non-accretable difference of $5.3 million. The following table summarizes the activity in the accretable yield for the PCI loans: Three Months Ended March 31, (In thousands) 2018 2017 Balance at beginning of period $ 2,151 $ 6,915 Accretion (1,033 ) (1,857 ) Reclassification (to) from nonaccretable difference during the period (161 ) 275 Accretable discount at end of period $ 957 $ 5,333

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2018
ALLOWANCE FOR LOAN LOSSES
ALLOWANCE FOR LOAN LOSSES	7. ALLOWANCE FOR LOAN LOSSES The following tables represent the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment, as defined under FASB ASC 310-10, and based on impairment method as of March 31, 2018 and December 31, 2017. The tables include loans acquired from CNB and FNBNY. March 31, 2018 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 1,708 $ - $ - $ 1,708 Collectively evaluated for impairment 11,334 3,002 3,495 12,347 821 105 31,104 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 11,334 $ 3,002 $ 3,495 $ 14,055 $ 821 $ 105 $ 32,812 Loans: Individually evaluated for impairment $ 11,316 $ - $ 100 $ 15,638 $ - $ - $ 27,054 Collectively evaluated for impairment 1,328,676 599,964 492,454 622,646 104,496 19,078 3,167,314 Loans acquired with deteriorated credit quality - 1,783 599 427 - - 2,809 Total loans $ 1,339,992 $ 601,747 $ 493,153 $ 638,711 $ 104,496 $ 19,078 $ 3,197,177 December 31, 2017 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 1,708 $ - $ - $ 1,708 Collectively evaluated for impairment 11,048 4,521 2,438 11,130 740 122 29,999 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707 Loans: Individually evaluated for impairment $ 11,162 $ - $ 100 $ 11,230 $ - $ - $ 22,492 Collectively evaluated for impairment 1,281,837 593,645 463,575 604,329 107,759 21,041 3,072,186 Loans acquired with deteriorated credit quality 907 1,635 589 444 - - 3,575 Total loans $ 1,293,906 $ 595,280 $ 464,264 $ 616,003 $ 107,759 $ 21,041 $ 3,098,253 The following tables represent the changes in the allowance for loan losses for the three months ended March 31, 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. Three Months Ended March 31, 2018 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands 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 - - - - - - - Recoveries - - 1 304 - - 305 Provision 286 (1,519 ) 1,056 913 81 (17 ) 800 Ending balance $ 11,334 $ 3,002 $ 3,495 $ 14,055 $ 821 $ 105 $ 32,812 Three Months Ended March 31, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands 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 - - - (95 ) - - (95 ) Recoveries - - 1 7 - 1 9 Provision (868 ) 216 (81 ) 1,449 103 (19 ) 800 Ending balance $ 8,357 $ 6,480 $ 1,415 $ 9,198 $ 1,058 $ 110 $ 26,618

PENSION AND POSTRETIREMENT PLAN

PENSION AND POSTRETIREMENT PLANS	3 Months Ended
	Mar. 31, 2018
EMPLOYEE BENEFITS
PENSION AND POSTRETIREMENT PLANS	8. PENSION AND POSTRETIREMENT PLANS The Bank maintains a noncontributory pension plan covering all eligible employees. The Bank uses a December 31 st During 2012, the Company amended the pension plan by revising the formula for determining benefits effective January 1, 2013, except for certain grandfathered employees. 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 Consolidated Balance Sheets of the Company. There were no contributions to the pension plan during the three months ended March 31, 2018 and 2017 . There were no contributions to the SERP during the three months ended March 31, 2018 and 2017, respectively. In accordance with the SERP, a retired executive received a distribution from the plan totaling $28 thousand during the three months ended March 31, 2018 and 2017, respectively. The Company’s funding policy with respect to its benefit plans is to contribute at least the minimum amounts required by applicable laws and regulations. As described in Note 14. Recent Accounting Pronouncements, during the first quarter of 2018, the Company adopted ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The following table sets forth the components of net periodic benefit (credit) cost: Three Months Ended March 31, Pension Benefits SERP Benefits (In thousands) 2018 2017 2018 2017 Service cost $ 325 $ 293 $ 73 $ 53 Interest cost 197 184 32 26 Expected return on plan assets (625 ) (520 ) - - Amortization of net loss 83 113 30 13 Amortization of prior service credit (19 ) (19 ) - - Amortization of transition obligation - - 1 7 Net periodic benefit (credit) cost $ (39 ) $ 51 $ 136 $ 99

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	3 Months Ended
	Mar. 31, 2018
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	9. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase totaled $0.9 million at March 31, 2018 and December 31, 2017. The repurchase agreements were collateralized by investment securities, of which 51% were U.S. GSE residential collateralized mortgage obligations and 49% were U.S. GSE residential mortgage-backed securities with a carrying amount of $1.7 million at March 31, 2018, and 52% were U.S. GSE residential collateralized mortgage obligations and 48% were U.S. GSE residential mortgage-backed securities with a carrying amount of $1.8 million at December 31, 2017. Securities sold under agreements to repurchase are financing arrangements with $0.9 million maturing during the second quarter of 2018. At maturity, the securities underlying the agreements are returned to the Company. The primary risk associated with these secured borrowings is the requirement to pledge a market value based balance of collateral in excess of the borrowed amount. The excess collateral pledged represents an unsecured exposure to the lending counterparty. As the market value of the collateral changes, both through changes in discount rates and spreads as well as related cash flows, additional collateral may need to be pledged. In accordance with the Company’s policies, eligible counterparties are defined and monitored to minimize exposure.

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	10. FEDERAL HOME LOAN BANK ADVANCES The following tables set forth the contractual maturities and weighted average interest rates of FHLB advances over the next two years at March 31, 2018 and December 31, 2017: March 31, 2018 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 227,000 2.00 % 2018 292,014 2.03 % 2019 1,078 0.88 % 293,092 2.02 % Total FHLB advances $ 520,092 2.01 % December 31, 2017 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 185,000 1.53 % 2018 315,083 1.59 % 2019 1,291 0.94 % 316,374 1.59 % Total FHLB advances $ 501,374 1.57 % Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. The advances were collateralized by $1.3 billion and $1.2 billion of residential and commercial mortgage loans under a blanket lien arrangement at March 31, 2018 March 31, 2018

BORROWED FUNDS

BORROWED FUNDS	3 Months Ended
	Mar. 31, 2018
Subordinated Borrowings [Abstract]
BORROWED FUNDS	11. BORROWED FUNDS 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 $78.7 million and $78.6 million at March 31, 2018 The subordinated debentures are included in tier 2 capital (with certain limitations applicable) under current regulatory guidelines and interpretations. Junior Subordinated Debentures In December 2009, the Company completed the private placement of $16.0 million in aggregate liquidation amount of 8.50% cumulative convertible trust preferred securities (“TPS”), through its subsidiary, Bridge Statutory Capital Trust II (the “Trust”). The TPS had a liquidation amount of $1,000 per security, were convertible into the Company’s common stock, at a modified effective conversion price of $29 per share, matured in 2039 and were callable by the Company at par after September 30, 2014. The Company issued $16.0 million of junior subordinated debentures (the “Debentures”) to the Trust in exchange for ownership of all of the common securities of the Trust and the proceeds of the TPS sold by the Trust. In accordance with accounting guidance, the Trust was not consolidated in the Company’s financial statements, but rather the Debentures were shown as a liability. The Debentures had the same interest rate, maturity and prepayment provisions as the TPS. On December 15, 2016, the Company notified holders of the $15.8 million in outstanding TPS of the full redemption of the TPS on January 18, 2017. The redemption price equaled the liquidation amount, plus accrued but unpaid interest until but not including the redemption date. TPS not converted into shares of the Company’s common stock on or prior to January 17, 2017 were redeemed as of January 18, 2017. 15,450 shares of TPS with a liquidation amount of $15.5 million were converted into 532,740 shares of the Company’s common stock, which includes 100 shares of TPS with a liquidation amount of $100,000 which were converted into 3,448 shares of the Company’s common stock on December 28, 2016. The remaining 350 shares of TPS with a liquidation amount of $350,000 were redeemed on January 18, 2017. The Trust was cancelled effective April 24, 2017.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2018
DERIVATIVES
DERIVATIVES	12. DERIVATIVES 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 at March 31, 2018 and December 31, 2017, were designated as cash flow hedges of certain FHLB advances. The swaps were determined to be fully effective during the periods presented and therefore no amount of ineffectiveness has been included in net income. The aggregate fair value of the swaps is recorded in other assets/(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 March 31, 2018 and December 31, 2017: ( Dollars in thousands March 31, 2018 December 31, 2017 Notional amounts $ 290,000 $ 290,000 Weighted average pay rates 1.78 % 1.78 % Weighted average receive rates 2.16 % 1.61 % Weighted average maturity 2.39 years 2.64 years Interest expense recorded on these swap transactions totaled $65 thousand and $275 thousand for the three months ended March 31, 2018 and 2017, respectively, and 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 three months ended March 31, 2018, the Company had $65 thousand of reclassifications to interest expense. During the next twelve months, the Company estimates that $1.5 million will be reclassified as a decrease in interest expense. The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the three months ended March 31, 2018 and 2017: Amount of loss Amount of gain Amount of loss recognized in other ( In thousands recognized in OCI reclassified from OCI non-interest income Interest rate contracts (Effective Portion) to interest expense (Ineffective Portion) Three months ended March 31, 2018 $ 2,827 $ (65 ) $ - Three months ended March 31, 2017 $ 25 $ (275 ) $ - The following table reflects the cash flow hedges included in the Consolidated Balance Sheets at the dates indicated: March 31, 2018 December 31, 2017 Fair Fair Fair Fair Notional Value Value Notional Value Value ( In thousands Amount Asset Liability Amount Asset Liability Included in other assets/(liabilities): Interest rate swaps related to FHLB advances $ 290,000 $ 5,747 $ (131 ) $ 290,000 $ 3,133 $ (410 ) Non-Designated Hedges Derivatives not designated as hedges may be used to manage the Company’s exposure to interest rate movements or to provide service to customers but do not meet the requirements for hedge accounting under U.S. GAAP. The Company executes interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. These interest rate swaps with customers are simultaneously offset by interest rate swaps that the Company executes with a third party in order to minimize the net risk exposure resulting from such transactions. These interest-rate swap agreements do not qualify for hedge accounting treatment, and therefore changes in fair value are reported in current period earnings. The following table presents summary information about these interest rate swaps at March 31, 2018 and December 31, 2017: ( Dollars in thousands March 31, 2018 December 31, 2017 Notional amounts $ 171,112 $ 147,967 Weighted average pay rates 4.14 % 3.96 % Weighted average receive rates 4.14 % 3.96 % Weighted average maturity 12.08 years 12.37 years Fair value of combined interest rate swaps $ - $ - Credit-Risk-Related Contingent Features As of March 31, 2018, the termination value of derivatives in a net asset position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $6.5 million, while there were no derivatives in a net liability position. The Company has minimum collateral posting thresholds with certain of its derivative counterparties. If the termination value of derivatives is a net asset position, the counterparty is required to post collateral against its obligations to the Company under the agreements. However, if the termination value of derivatives is a net liability position, the Company is required to post collateral to the counterparty. At March 31, 2018, the Company received collateral of $6.6 million from its counterparties under the agreements in a net asset position and did not post collateral. If the Company had breached any of these provisions at March 31, 2018, it could have been required to settle its obligations under the agreements at the termination value.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	3 Months Ended
	Mar. 31, 2018
OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	13. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following table summarizes the components of other comprehensive (loss) income and related income tax effects: Three Months Ended (In thousands) March 31, 2018 March 31, 2017 Unrealized holding (losses) gains on available for sale securities $ (8,587 ) $ 1,616 Income tax effect 2,499 (606 ) Net change in unrealized (losses) gains on available for sale securities (6,088 ) 1,010 Reclassification adjustment for amortization realized in income 95 114 Income tax effect (28 ) (17 ) Net change in post-retirement obligation 67 97 Change in fair value of derivatives used for cash flow hedges 2,827 25 Reclassification adjustment for losses realized in income 65 275 Income tax effect (841 ) (126 ) Net change in unrealized gains on cash flow hedges 2,051 174 Other comprehensive (loss) income $ (3,970 ) $ 1,281 The following is a summary of the accumulated other comprehensive loss balances, net of income taxes, at the dates indicated: Other Comprehensive ( In thousands December 31, 2017 Income March 31, 2018 Unrealized losses on available for sale securities $ (11,337 ) $ (6,088 ) $ (17,425 ) Unrealized (losses) gain on pension benefits (5,533 ) 67 (5,466 ) Unrealized gains on cash flow hedges 1,931 2,051 3,982 Accumulated other comprehensive loss, net of income taxes $ (14,939 ) $ (3,970 ) $ (18,909 ) The following represents the reclassifications out of accumulated other comprehensive (loss) income for the three months ended March 31, 2018 and 2017: Three Months Ended Affected Line Item March 31, March 31, in the Consolidated ( In thousands 2018 2017 Statements of Income Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit $ 19 $ 19 Other operating expenses Transition obligation (1 ) (7 ) Other operating expenses Actuarial losses (113 ) (126 ) Other operating expenses Realized losses on cash flow hedges (65 ) (275 ) Interest expense Total reclassifications, before income taxes (160 ) (389 ) Income tax benefit 47 159 Income tax expense Total reclassifications, net of income taxes $ (113 ) $ (230 )

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2018
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	14. RECENT ACCOUNTING PRONOUNCEMENTS Adoption of Accounting Standards Effective in 2018 Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers On January 1, 2018, the Company adopted ASU 2014-09 and all subsequent amendments to the ASU (collectively, Accounting Standards Codification 606 (“ASC 606”), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as other real estate owned. These amendments are effective for public business entities for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The majority of the Company’s revenues come from interest income and other sources that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented in services charges and other fees within non-interest income and are recognized as revenue as the Company satisfies its obligations to its customers. The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts continue to be reported in accordance with legacy GAAP. The adoption of ASC 606 did not result in a change to the accounting for any in-scope revenue streams; as such, no cumulative effect adjustment to retained earnings was recorded at January 1, 2018. The Company evaluated its customer contracts, which are typically day-to-day contracts where each day represents a renewal of the contract. The Company’s revenue streams accounted for under ASC 606 primarily consist of service charges on deposit accounts and fees for other customer services. The Company’s revenues from transaction-based fees, such as overdraft fees, ATM use fees, stop payment charges, and ACH fees are recognized at the time the transaction is executed, which is the point in time the Company fulfills the customer’s request and satisfies the performance obligation. Account maintenance fees, which relate primarily to monthly service charges, are earned over the course of the month, representing the same period over which the Company satisfies the performance obligation. The Company earns revenues from interchange fees from debit cardholder transactions conducted through the MasterCard payment network. Interchange fees from cardholder transactions are recognized daily, concurrently with the services provided to the cardholder. As a result of the Company’s assessment ASC 606, there is no change in the amount and timing of revenue recognized in the first quarter of 2018. ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the FASB amended existing guidance that 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. ASU 2016-01 requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The amendments require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. These amendments are effective for public business entities for fiscal years beginning after December 31, 2017, including interim periods within those fiscal years. The adoption of this standard did not have a material effect on the Company’s operating results or financial condition; however, it did impact the fair value disclosures included in Note 5. ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In March 2017, the FASB amended existing guidance to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The amendments require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit costs are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. The line item used in the income statement to present the other components of net benefit cost must be disclosed. Additionally, only the service cost component of net benefit cost is eligible for capitalization, if applicable. For public business entities, like the Company, ASU 2017-07 was effective for annual periods beginning after December 15, 2017, including interim periods within those periods. The amendments should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement. The amendments allow a practical expedient that permits an employer to use the amounts disclosed in its pension and postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements. The amendment requires disclosure that the practical expedient was used. The Company adopted the guidance in the first quarter of 2018 using the practical expedient for prior comparative periods. The change in presentation did not impact the Company’s operating results or financial condition. Refer to Note 8. Pension and Postretirement Plans for further details of the components of net periodic benefit cost. ASU 2017-09, Compensation – Stock Compensation (Topic 718) – Scope of Modification Accounting In May 2017, the FASB provided guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in ASU 2017-09. The amendments in ASU 2017-09 are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for reporting periods for which financial statements have not yet been issued. The amendments should be applied prospectively to an award modified on or after the adoption date. The adoption of ASU 2017-09 did not impact the Company’s Consolidated Financial Statements. Standards Effective in 2019 ASU 2016-02, Leases 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. Certain targeted improvements were made to align, where necessary, the lessor accounting model and Topic 606, Revenue from Contracts with Customers ASU 2017-12, Derivatives and Hedging 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 Update 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 Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, 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 consolidated balance sheet as of the date of adoption. While the Company continues to assess all potential impacts of the standard, ASU 2017-12 is not expected to have a material impact on the Company’s Consolidated Financial Statements. Standards Effective in 2020 ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) In June 2016, FASB issued guidance to replace the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables, held-to maturity debt securities, and reinsurance receivables. 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. For public business entities that meet the definition of an SEC filer, like the Company, the standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. All entities may early adopt for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company plans to adopt ASU 2016-13 in the first quarter of 2020 using the required modified retrospective method with a cumulative effect adjustment as of the beginning of the reporting period. The Company has created a cross-functional committee responsible for evaluating the impact of adopting ASU 2016-13, assessing data and system needs, and implementing required changes to loss estimation methods under the CECL model. The Company cannot yet determine the overall impact this guidance will have on the Company’s Consolidated Financial Statements. 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. 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. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. 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 and in the interim period within the first annual period when the entity initially adopts the amendments. The adoption of ASU 2017-04 is not expected to have a material effect on the Company’s Consolidated Financial Statements.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Bridge Bancorp, Inc. (the “Registrant” or “Company”), is a registered bank holding company for BNB Bank (the “Bank”), which was formerly known as The Bridgehampton National Bank prior to the Bank’s conversion to a New York chartered commercial bank in December 2017. The Registrant was incorporated under the laws of the State of New York in 1988, at the direction of the Board of Directors of the Bank for the purpose of becoming a bank holding company pursuant to a plan of reorganization under which the former shareholders of the Bank became the shareholders of the Company. Since commencing business in March 1989, after the reorganization, the Registrant has functioned primarily as the holder of all of the Bank’s common stock. In May 1999, the Bank established a real estate investment trust subsidiary, Bridgehampton Community, Inc. (“BCI”), as an operating subsidiary. The assets transferred to BCI are viewed by the bank regulators as part of the Bank’s assets in consolidation. The operations of the Bank also include Bridge Abstract LLC (“Bridge Abstract”), a wholly owned subsidiary of the Bank, which is a broker of title insurance services and Bridge Financial Services LLC (“Bridge Financial Services”), an investment services subsidiary that was formed in March 2014. The Company formed Bridge Statutory Capital Trust II (the “Trust”) as a subsidiary in 2009, which sold $16.0 million of 8.5% cumulative convertible Trust Preferred Securities (the “Trust Preferred Securities”) in a private placement to accredited investors. The Trust Preferred Securities were redeemed effective January 18, 2017 and the Trust was cancelled effective April 24, 2017. The accompanying Unaudited Consolidated Financial Statements, which include the accounts of the Company and its wholly-owned subsidiary, the Bank, have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The Unaudited Consolidated Financial Statements included herein reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Such estimates are subject to change in the future as additional information becomes available or previously existing circumstances are modified. Actual future results could differ significantly from those estimates. The annualized results of operations for the three months ended March 31, 2018 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain reclassifications have been made to prior year amounts, and the related discussion and analysis, to conform to the current year presentation. These reclassifications did not have an impact on net income or total stockholders’ equity. The Unaudited Consolidated Financial Statements should be read in conjunction with the Audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Adoption of Accounting Standards Effective in 2018 Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers On January 1, 2018, the Company adopted ASU 2014-09 and all subsequent amendments to the ASU (collectively, Accounting Standards Codification 606 (“ASC 606”), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as other real estate owned. These amendments are effective for public business entities for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The majority of the Company’s revenues come from interest income and other sources that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented in services charges and other fees within non-interest income and are recognized as revenue as the Company satisfies its obligations to its customers. The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts continue to be reported in accordance with legacy GAAP. The adoption of ASC 606 did not result in a change to the accounting for any in-scope revenue streams; as such, no cumulative effect adjustment to retained earnings was recorded at January 1, 2018. The Company evaluated its customer contracts, which are typically day-to-day contracts where each day represents a renewal of the contract. The Company’s revenue streams accounted for under ASC 606 primarily consist of service charges on deposit accounts and fees for other customer services. The Company’s revenues from transaction-based fees, such as overdraft fees, ATM use fees, stop payment charges, and ACH fees are recognized at the time the transaction is executed, which is the point in time the Company fulfills the customer’s request and satisfies the performance obligation. Account maintenance fees, which relate primarily to monthly service charges, are earned over the course of the month, representing the same period over which the Company satisfies the performance obligation. The Company earns revenues from interchange fees from debit cardholder transactions conducted through the MasterCard payment network. Interchange fees from cardholder transactions are recognized daily, concurrently with the services provided to the cardholder. As a result of the Company’s assessment ASC 606, there is no change in the amount and timing of revenue recognized in the first quarter of 2018. ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the FASB amended existing guidance that 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. ASU 2016-01 requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The amendments require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. These amendments are effective for public business entities for fiscal years beginning after December 31, 2017, including interim periods within those fiscal years. The adoption of this standard did not have a material effect on the Company’s operating results or financial condition; however, it did impact the fair value disclosures included in Note 5. ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In March 2017, the FASB amended existing guidance to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The amendments require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit costs are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. The line item used in the income statement to present the other components of net benefit cost must be disclosed. Additionally, only the service cost component of net benefit cost is eligible for capitalization, if applicable. For public business entities, like the Company, ASU 2017-07 was effective for annual periods beginning after December 15, 2017, including interim periods within those periods. The amendments should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement. The amendments allow a practical expedient that permits an employer to use the amounts disclosed in its pension and postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements. The amendment requires disclosure that the practical expedient was used. The Company adopted the guidance in the first quarter of 2018 using the practical expedient for prior comparative periods. The change in presentation did not impact the Company’s operating results or financial condition. Refer to Note 8. Pension and Postretirement Plans for further details of the components of net periodic benefit cost. ASU 2017-09, Compensation – Stock Compensation (Topic 718) – Scope of Modification Accounting In May 2017, the FASB provided guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in ASU 2017-09. The amendments in ASU 2017-09 are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for reporting periods for which financial statements have not yet been issued. The amendments should be applied prospectively to an award modified on or after the adoption date. The adoption of ASU 2017-09 did not impact the Company’s Consolidated Financial Statements. Standards Effective in 2019 ASU 2016-02, Leases 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. Certain targeted improvements were made to align, where necessary, the lessor accounting model and Topic 606, Revenue from Contracts with Customers ASU 2017-12, Derivatives and Hedging 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 Update 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 Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, 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 consolidated balance sheet as of the date of adoption. While the Company continues to assess all potential impacts of the standard, ASU 2017-12 is not expected to have a material impact on the Company’s Consolidated Financial Statements. Standards Effective in 2020 ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) In June 2016, FASB issued guidance to replace the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables, held-to maturity debt securities, and reinsurance receivables. 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. For public business entities that meet the definition of an SEC filer, like the Company, the standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. All entities may early adopt for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company plans to adopt ASU 2016-13 in the first quarter of 2020 using the required modified retrospective method with a cumulative effect adjustment as of the beginning of the reporting period. The Company has created a cross-functional committee responsible for evaluating the impact of adopting ASU 2016-13, assessing data and system needs, and implementing required changes to loss estimation methods under the CECL model. The Company cannot yet determine the overall impact this guidance will have on the Company’s Consolidated Financial Statements. 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. 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. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. 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 and in the interim period within the first annual period when the entity initially adopts the amendments. The adoption of ASU 2017-04 is not expected to have a material effect on the Company’s Consolidated Financial Statements.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2018
EARNINGS PER SHARE
Schedule of computation of EPS	Three Months Ended March 31, ( In thousands, except per share data 2018 2017 Net income $ 12,073 $ 9,171 Dividends paid on and earnings allocated to participating securities (253 ) (178 ) Income attributable to common stock $ 11,820 $ 8,993 Weighted average common shares outstanding, including participating securities 19,834 19,669 Weighted average participating securities (421 ) (392 ) Weighted average common shares outstanding 19,413 19,277 Basic earnings per common share $ 0.61 $ 0.47 Income attributable to common stock $ 11,820 $ 8,993 Weighted average common shares outstanding 19,413 19,277 Incremental shares from assumed conversions of options and restricted stock units 25 19 Weighted average common and equivalent shares outstanding 19,438 19,296 Diluted earnings per common share $ 0.61 $ 0.47

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS (Tables)	3 Months Ended
	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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, 2018 - $ - Granted 47,393 36.19 Outstanding, March 31, 2018 47,393 $ 36.19 9.9 years $ - Vested and Exercisable, March 31, 2018 - $ - $ - $ - Number of Weighted Range of Exercise Prices Options Exercise Price $36.19 47,393 $ 36.19 47,393 $ 36.19
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of status of unvested restricted stock	Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2018 317,692 $ 27.16 Granted 77,682 33.03 Vested (47,916 ) 23.26 Forfeited (650 ) 31.06 Unvested, March 31, 2018 346,808 $ 29.01
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, 2018 68,776 $ 24.46 Granted 21,693 33.23 Reinvested dividends 460 24.46 Forfeited (13,333 ) 21.85 Unvested, March 31, 2018 77,596 $ 27.36

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2018
SECURITIES
Schedule of amortized cost and fair value of the available for sale and held to maturity	March 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 57,995 $ - $ (1,957 ) $ 56,038 State and municipal obligations 86,127 54 (1,335 ) 84,846 U.S. GSE residential mortgage-backed securities 181,005 4 (5,442 ) 175,567 U.S. GSE residential collateralized mortgage obligations 300,907 - (10,233 ) 290,674 U.S. GSE commercial mortgage-backed securities 5,976 - (120 ) 5,856 U.S. GSE commercial collateralized mortgage obligations 48,370 - (1,878 ) 46,492 Other asset backed securities 24,250 - (849 ) 23,401 Corporate bonds 46,000 - (2,818 ) 43,182 Total available for sale 750,630 58 (24,632 ) 726,056 Held to maturity: State and municipal obligations 58,511 586 (260 ) 58,837 U.S. GSE residential mortgage-backed securities 10,988 - (433 ) 10,555 U.S. GSE residential collateralized mortgage obligations 52,603 137 (1,153 ) 51,587 U.S. GSE commercial mortgage-backed securities 22,751 - (719 ) 22,032 U.S. GSE commercial collateralized mortgage obligations 31,236 - (1,370 ) 29,866 Total held to maturity 176,089 723 (3,935 ) 172,877 Total securities $ 926,719 $ 781 $ (28,567 ) $ 898,933 December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 57,994 $ - $ (1,180 ) $ 56,814 State and municipal obligations 87,582 259 (819 ) 87,022 U.S. GSE residential mortgage-backed securities 189,705 29 (2,833 ) 186,901 U.S. GSE residential collateralized mortgage obligations 314,390 16 (7,016 ) 307,390 U.S. GSE commercial mortgage-backed securities 6,017 2 (40 ) 5,979 U.S. GSE commercial collateralized mortgage obligations 49,965 - (1,249 ) 48,716 Other asset backed securities 24,250 - (849 ) 23,401 Corporate bonds 46,000 - (2,307 ) 43,693 Total available for sale 775,903 306 (16,293 ) 759,916 Held to maturity: State and municipal obligations 60,762 972 (64 ) 61,670 U.S. GSE residential mortgage-backed securities 11,424 - (261 ) 11,163 U.S. GSE residential collateralized mortgage obligations 54,250 244 (666 ) 53,828 U.S. GSE commercial mortgage-backed securities 22,953 77 (438 ) 22,592 U.S. GSE commercial collateralized mortgage obligations 31,477 - (845 ) 30,632 Total held to maturity 180,866 1,293 (2,274 ) 179,885 Total securities $ 956,769 $ 1,599 $ (18,567 ) $ 939,801
Schedule of amortized cost, fair value and maturities of the available for sale and held to maturity investment securities portfolio	March 31, 2018 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 9,807 $ 9,785 One to five years 90,205 88,221 Five to ten years 125,146 120,265 Beyond ten years 525,472 507,785 Total $ 750,630 $ 726,056 Held to maturity: Within one year $ 2,878 $ 2,873 One to five years 31,208 31,046 Five to ten years 55,680 55,269 Beyond ten years 86,323 83,689 Total $ 176,089 $ 172,877
Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months	March 31, 2018 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized (In thousands) Value Losses Value Losses Available for sale: U.S. GSE securities $ - $ - $ 56,038 $ (1,957 ) State and municipal obligations 51,188 (630 ) 29,283 (705 ) U.S. GSE residential mortgage-backed securities 91,424 (2,353 ) 80,300 (3,089 ) U.S. GSE residential collateralized mortgage obligations 78,440 (1,748 ) 212,234 (8,485 ) U.S. GSE commercial mortgage-backed securities 5,856 (120 ) - - U.S. GSE commercial collateralized mortgage obligations 252 - 46,240 (1,878 ) Other asset backed securities - - 23,401 (849 ) Corporate bonds 13,281 (719 ) 29,901 (2,099 ) Total available for sale 240,441 (5,570 ) 477,397 (19,062 ) Held to maturity: State and municipal obligations 23,435 (255 ) 1,005 (5 ) U.S. GSE residential mortgage-backed securities 1,276 (32 ) 9,279 (401 ) U.S. GSE residential collateralized mortgage obligations 24,359 (358 ) 20,142 (795 ) U.S. GSE commercial mortgage-backed securities 13,975 (276 ) 8,057 (443 ) U.S. GSE commercial collateralized mortgage obligations 10,116 (324 ) 19,750 (1,046 ) Total held to maturity $ 73,161 $ (1,245 ) $ 58,233 $ (2,690 ) December 31, 2017 Less than 12 months Greater than 12 months Estimated Gross Estimated Gross Fair Unrealized Fair Unrealized ( In thousands Value Losses Value Losses Available for sale: U.S. GSE securities $ - $ - $ 56,815 $ (1,180 ) State and municipal obligations 35,350 (301 ) 28,165 (518 ) U.S. GSE residential mortgage-backed securities 107,408 (1,153 ) 69,571 (1,680 ) U.S. GSE residential collateralized mortgage obligations 77,705 (759 ) 224,932 (6,257 ) U.S. GSE commercial mortgage-backed securities 2,345 (40 ) - - U.S. GSE commercial collateralized mortgage obligations 452 (1 ) 48,264 (1,248 ) Other asset backed securities - - 23,401 (849 ) Corporate bonds 13,588 (412 ) 30,105 (1,895 ) Total available for sale 236,848 (2,666 ) 481,253 (13,627 ) Held to maturity: State and municipal obligations 7,709 (57 ) 1,009 (7 ) U.S. GSE residential mortgage-backed securities 1,359 (16 ) 9,804 (245 ) U.S. GSE residential collateralized mortgage obligations 21,329 (94 ) 21,112 (572 ) U.S. GSE commercial mortgage-backed securities 8,789 (121 ) 8,303 (317 ) U.S. GSE commercial collateralized mortgage obligations 10,341 (116 ) 20,290 (729 ) Total held to maturity $ 49,527 $ (404 ) $ 60,518 $ (1,870 )

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2018
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of assets and liabilities measured on a recurring basis	March 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 56,038 $ 56,038 State and municipal obligations 84,846 84,846 U.S. GSE residential mortgage-backed securities 175,567 175,567 U.S. GSE residential collateralized mortgage obligations 290,674 290,674 U.S. GSE commercial mortgage-backed securities 5,856 5,856 U.S. GSE commercial collateralized mortgage obligations 46,492 46,492 Other asset backed securities 23,401 23,401 Corporate bonds 43,182 43,182 Total available for sale securities $ 726,056 $ 726,056 Derivatives $ 7,374 $ 7,374 Financial liabilities: Derivatives $ 1,759 $ 1,759 December 31, 2017 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Financial assets: Available for sale securities: U.S. GSE securities $ 56,814 $ 56,814 State and municipal obligations 87,022 87,022 U.S. GSE residential mortgage-backed securities 186,901 186,901 U.S. GSE residential collateralized mortgage obligations 307,390 307,390 U.S. GSE commercial mortgage-backed securities 5,979 5,979 U.S. GSE commercial collateralized mortgage obligations 48,716 48,716 Other asset backed securities 23,401 23,401 Corporate bonds 43,693 43,693 Total available for sale securities $ 759,916 $ 759,916 Derivatives $ 4,546 $ 4,546 Financial liabilities: Derivatives $ 1,823 $ 1,823
Schedule of assets measured at fair value on a non-recurring basis	March 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Impaired loans $ - $ - Other real estate owned $ 175 $ 175 December 31, 2017 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs ( In thousands Value (Level 1) (Level 2) (Level 3) Impaired loans $ - $ - Other real estate owned $ - $ -
Schedule of estimated fair values and recorded carrying values of financial instruments	March 31, 2018 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Total Carrying Identical Assets Inputs Inputs Fair ( In thousands Amount (Level 1) (Level 2) (Level 3) Value Financial assets: Cash and due from banks $ 50,588 $ 50,588 $ — $ — $ 50,588 Interest earning deposits with banks 48,424 48,424 — — 48,424 Securities available for sale 726,056 — 726,056 — 726,056 Securities restricted 36,195 n/a n/a n/a n/a Securities held to maturity 176,089 — 172,877 — 172,877 Loans, net 3,169,085 — — 3,161,561 3,161,561 Derivatives 7,374 — 7,374 — 7,374 Accrued interest receivable 11,907 — 3,424 8,483 11,907 Financial liabilities: Certificates of deposit 282,747 — 280,060 — 280,060 Demand and other deposits 3,148,498 3,148,498 — — 3,148,498 Federal Home Loan Bank advances 520,092 227,000 287,439 — 514,439 Repurchase agreements 872 — 872 — 872 Subordinated debentures 78,676 — 75,661 — 75,661 Derivatives 1,759 — 1,759 — 1,759 Accrued interest payable 436 — 436 — 436 December 31, 2017 Fair Value Measurements Using: Significant Quoted Prices In Other Significant Active Markets for Observable Unobservable Total Carrying Identical Assets Inputs Inputs Fair ( In thousands Amount (Level 1) (Level 2) (Level 3) Value Financial assets: Cash and due from banks $ 76,614 $ 76,614 $ - $ - $ 76,614 Interest earning deposits with banks 18,133 18,133 - - 18,133 Securities available for sale 759,916 - 759,916 - 759,916 Securities restricted 35,349 n/a n/a n/a n/a Securities held to maturity 180,866 - 179,885 - 179,885 Loans, net 3,071,045 - - 3,010,023 3,010,023 Derivatives 4,546 - 4,546 - 4,546 Accrued interest receivable 11,652 - 3,211 8,441 11,652 Financial liabilities: Certificates of deposit 222,364 - 220,775 - 220,775 Demand and other deposits 3,112,179 3,112,179 - - 3,112,179 Federal funds purchased 50,000 50,000 - - 50,000 Federal Home Loan Bank advances 501,374 185,000 313,558 - 498,558 Repurchase agreements 877 - 877 - 877 Subordinated debentures 78,641 - 77,933 - 77,933 Derivatives 1,823 - 1,823 - 1,823 Accrued interest payable 1,574 - 1,574 - 1,574

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2018
LOANS
Schedule of the major classifications of loans	( In thousands March 31, 2018 December 31, 2017 Commercial real estate mortgage loans $ 1,339,992 $ 1,293,906 Multi-family mortgage loans 601,747 595,280 Residential real estate mortgage loans 493,153 464,264 Commercial, industrial and agricultural loans 638,711 616,003 Real estate construction and land loans 104,496 107,759 Installment/consumer loans 19,078 21,041 Total loans 3,197,177 3,098,253 Net deferred loan costs and fees 4,720 4,499 Total loans held for investment 3,201,897 3,102,752 Allowance for loan losses (32,812 ) (31,707 ) Loans, net $ 3,169,085 $ 3,071,045
Schedule of loans by class categorized by internally assigned credit risk grades	March 31, 2018 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 461,080 $ 1,822 $ 20,293 $ - $ 483,195 Non-owner occupied 844,249 8,019 4,529 - 856,797 Multi-family 601,747 - - - 601,747 Residential real estate: Residential mortgage 421,767 5,902 287 - 427,956 Home equity 63,161 1,240 796 - 65,197 Commercial and industrial: Secured 89,564 12,907 13,598 - 116,069 Unsecured 502,073 12,459 8,110 - 522,642 Real estate construction and land loans 104,181 - 315 - 104,496 Installment/consumer loans 19,064 14 - - 19,078 Total loans $ 3,106,886 $ 42,363 $ 47,928 $ - $ 3,197,177 December 31, 2017 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 451,264 $ 1,796 $ 19,589 $ - $ 472,649 Non-owner occupied 808,612 8,056 4,589 - 821,257 Multi-family 595,280 - - - 595,280 Residential real estate: Residential mortgage 393,029 4,854 290 - 398,173 Home equity 64,601 698 792 - 66,091 Commercial and industrial: Secured 86,116 12,637 13,560 - 112,313 Unsecured 485,598 14,553 3,539 - 503,690 Real estate construction and land loans 107,440 - 319 - 107,759 Installment/consumer loans 21,020 16 5 - 21,041 Total loans $ 3,012,960 $ 42,610 $ 42,683 $ - $ 3,098,253
Schedule of the aging of the recorded investment in past due loans by class of loans	March 31, 2018 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Loans Commercial real estate: Owner occupied $ 1,450 $ - $ - $ 2,192 $ 3,642 $ 479,553 $ 483,195 Non-owner occupied - - 1,143 425 1,568 855,229 856,797 Multi-family - - - - - 601,747 601,747 Residential real estate: Residential mortgages 1,386 - 1,017 393 2,796 425,160 427,956 Home equity 575 - 280 261 1,116 64,081 65,197 Commercial and industrial: Secured 343 - 225 570 1,138 114,931 116,069 Unsecured 688 47 - 2,078 2,813 519,829 522,642 Real estate construction and land loans - - - 152 152 104,344 104,496 Installment/consumer loans 17 - - - 17 19,061 19,078 Total loans $ 4,459 $ 47 $ 2,665 $ 6,071 $ 13,242 $ 3,183,935 $ 3,197,177 December 31, 2017 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Loans Commercial real estate: Owner occupied $ 284 $ - $ 175 $ 2,205 $ 2,664 $ 469,985 $ 472,649 Non-owner occupied - - 1,163 - 1,163 820,094 821,257 Multi-family - - - - - 595,280 595,280 Residential real estate: Residential mortgages 2,074 398 - 401 2,873 395,300 398,173 Home equity 329 - 271 161 761 65,330 66,091 Commercial and industrial: Secured 113 41 225 570 949 111,364 112,313 Unsecured 18 35 - 3,618 3,671 500,019 503,690 Real estate construction and land loans - 281 - - 281 107,478 107,759 Installment/consumer loans 36 5 - - 41 21,000 21,041 Total loans $ 2,854 $ 760 $ 1,834 $ 6,955 $ 12,403 $ 3,085,850 $ 3,098,253
Schedule of individually impaired loans by class	March 31, 2018 Three Months Ended (In thousands) Recorded Unpaid Related Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 2,073 $ - Non-owner occupied 9,243 9,243 - 8,973 76 Residential real estate: Residential mortgages - - - - - Home equity 100 100 - 100 - Commercial and industrial: Secured 8,727 9,373 - 8,744 56 Unsecured 5,203 5,203 - 4,932 37 Total with no related allowance recorded $ 25,346 $ 25,992 $ - $ 24,822 $ 169 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 1,708 - Total with an allowance recorded $ 1,708 $ 3,235 $ 1,708 $ 1,708 $ - Total: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 2,073 $ - Non-owner occupied 9,243 9,243 - 8,973 76 Residential real estate: Residential mortgages - - - - - Home equity 100 100 - 100 - Commercial and industrial: Secured 8,727 9,373 - 8,744 56 Unsecured 6,911 8,438 1,708 6,640 37 Total $ 27,054 $ 29,227 $ 1,708 $ 26,530 $ 169 December 31, 2017 Three Months Ended (In thousands) Recorded Unpaid Related Average Interest Income With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 158 $ 2 Non-owner occupied 9,089 9,089 - 604 18 Residential real estate: Residential mortgages - - - 4,139 79 Home equity 100 100 - 131 - Commercial and industrial: Secured 7,368 8,013 - 270 8 Unsecured 2,154 2,408 - 196 5 Total with no related allowance recorded $ 20,784 $ 21,683 $ - $ 5,498 $ 112 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 32 1 Total with an allowance recorded $ 1,708 $ 3,235 $ 1,708 $ 32 $ 1 Total: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 158 $ 2 Non-owner occupied 9,089 9,089 - 604 18 Residential real estate: Residential mortgages - - - 4,139 79 Home equity 100 100 - 131 - Commercial and industrial: Secured 7,368 8,013 - 270 8 Unsecured 3,862 5,643 1,708 228 6 Total $ 22,492 $ 24,918 $ 1,708 $ 5,530 $ 113
Schedule of activity in the accretable yield for the purchased credit impaired loans	Three Months Ended March 31, (In thousands) 2018 2017 Balance at beginning of period $ 2,151 $ 6,915 Accretion (1,033 ) (1,857 ) Reclassification (to) from nonaccretable difference during the period (161 ) 275 Accretable discount at end of period $ 957 $ 5,333

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2018
ALLOWANCE FOR LOAN LOSSES
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method	March 31, 2018 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 1,708 $ - $ - $ 1,708 Collectively evaluated for impairment 11,334 3,002 3,495 12,347 821 105 31,104 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 11,334 $ 3,002 $ 3,495 $ 14,055 $ 821 $ 105 $ 32,812 Loans: Individually evaluated for impairment $ 11,316 $ - $ 100 $ 15,638 $ - $ - $ 27,054 Collectively evaluated for impairment 1,328,676 599,964 492,454 622,646 104,496 19,078 3,167,314 Loans acquired with deteriorated credit quality - 1,783 599 427 - - 2,809 Total loans $ 1,339,992 $ 601,747 $ 493,153 $ 638,711 $ 104,496 $ 19,078 $ 3,197,177 December 31, 2017 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 1,708 $ - $ - $ 1,708 Collectively evaluated for impairment 11,048 4,521 2,438 11,130 740 122 29,999 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 11,048 $ 4,521 $ 2,438 $ 12,838 $ 740 $ 122 $ 31,707 Loans: Individually evaluated for impairment $ 11,162 $ - $ 100 $ 11,230 $ - $ - $ 22,492 Collectively evaluated for impairment 1,281,837 593,645 463,575 604,329 107,759 21,041 3,072,186 Loans acquired with deteriorated credit quality 907 1,635 589 444 - - 3,575 Total loans $ 1,293,906 $ 595,280 $ 464,264 $ 616,003 $ 107,759 $ 21,041 $ 3,098,253 Three Months Ended March 31, 2018 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands 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 - - - - - - - Recoveries - - 1 304 - - 305 Provision 286 (1,519 ) 1,056 913 81 (17 ) 800 Ending balance $ 11,334 $ 3,002 $ 3,495 $ 14,055 $ 821 $ 105 $ 32,812 Three Months Ended March 31, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands 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 - - - (95 ) - - (95 ) Recoveries - - 1 7 - 1 9 Provision (868 ) 216 (81 ) 1,449 103 (19 ) 800 Ending balance $ 8,357 $ 6,480 $ 1,415 $ 9,198 $ 1,058 $ 110 $ 26,618

PENSION AND POSTRETIREMENT PL30

PENSION AND POSTRETIREMENT PLANS (Tables)	3 Months Ended
	Mar. 31, 2018
EMPLOYEE BENEFITS
Schedule of components of net periodic benefit (credit) cost	Three Months Ended March 31, Pension Benefits SERP Benefits (In thousands) 2018 2017 2018 2017 Service cost $ 325 $ 293 $ 73 $ 53 Interest cost 197 184 32 26 Expected return on plan assets (625 ) (520 ) - - Amortization of net loss 83 113 30 13 Amortization of prior service credit (19 ) (19 ) - - Amortization of transition obligation - - 1 7 Net periodic benefit (credit) cost $ (39 ) $ 51 $ 136 $ 99

FEDERAL HOME LOAN BANK ADVANC31

FEDERAL HOME LOAN BANK ADVANCES (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of contractual maturities and weighted average interest rates of FHLB advances	March 31, 2018 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 227,000 2.00 % 2018 292,014 2.03 % 2019 1,078 0.88 % 293,092 2.02 % Total FHLB advances $ 520,092 2.01 % December 31, 2017 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 185,000 1.53 % 2018 315,083 1.59 % 2019 1,291 0.94 % 316,374 1.59 % Total FHLB advances $ 501,374 1.57 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2018
DERIVATIVES
Schedule of information about the interest rate swap designated as a cash flow hedge	( Dollars in thousands March 31, 2018 December 31, 2017 Notional amounts $ 290,000 $ 290,000 Weighted average pay rates 1.78 % 1.78 % Weighted average receive rates 2.16 % 1.61 % Weighted average maturity 2.39 years 2.64 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 loss Amount of gain Amount of loss recognized in other ( In thousands recognized in OCI reclassified from OCI non-interest income Interest rate contracts (Effective Portion) to interest expense (Ineffective Portion) Three months ended March 31, 2018 $ 2,827 $ (65 ) $ - Three months ended March 31, 2017 $ 25 $ (275 ) $ -
Schedule of cash flow hedge included in the Consolidated Balance Sheets	March 31, 2018 December 31, 2017 Fair Fair Fair Fair Notional Value Value Notional Value Value ( In thousands Amount Asset Liability Amount Asset Liability Included in other assets/(liabilities): Interest rate swaps related to FHLB advances $ 290,000 $ 5,747 $ (131 ) $ 290,000 $ 3,133 $ (410 )
Schedule of information about interest rate swaps	( Dollars in thousands March 31, 2018 December 31, 2017 Notional amounts $ 171,112 $ 147,967 Weighted average pay rates 4.14 % 3.96 % Weighted average receive rates 4.14 % 3.96 % Weighted average maturity 12.08 years 12.37 years Fair value of combined interest rate swaps $ - $ -

ACCUMULATED OTHER COMPREHENSI33

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	3 Months Ended
	Mar. 31, 2018
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of other comprehensive income (loss) components and related income tax effects	Three Months Ended (In thousands) March 31, 2018 March 31, 2017 Unrealized holding (losses) gains on available for sale securities $ (8,587 ) $ 1,616 Income tax effect 2,499 (606 ) Net change in unrealized (losses) gains on available for sale securities (6,088 ) 1,010 Reclassification adjustment for amortization realized in income 95 114 Income tax effect (28 ) (17 ) Net change in post-retirement obligation 67 97 Change in fair value of derivatives used for cash flow hedges 2,827 25 Reclassification adjustment for losses realized in income 65 275 Income tax effect (841 ) (126 ) Net change in unrealized gains on cash flow hedges 2,051 174 Other comprehensive (loss) income $ (3,970 ) $ 1,281
Schedule of the accumulated other comprehensive income balances, net of income tax	Other Comprehensive ( In thousands December 31, 2017 Income March 31, 2018 Unrealized losses on available for sale securities $ (11,337 ) $ (6,088 ) $ (17,425 ) Unrealized (losses) gain on pension benefits (5,533 ) 67 (5,466 ) Unrealized gains on cash flow hedges 1,931 2,051 3,982 Accumulated other comprehensive loss, net of income taxes $ (14,939 ) $ (3,970 ) $ (18,909 )
Schedule of reclassifications out of accumulated other comprehensive income	Three Months Ended Affected Line Item March 31, March 31, in the Consolidated ( In thousands 2018 2017 Statements of Income Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit $ 19 $ 19 Other operating expenses Transition obligation (1 ) (7 ) Other operating expenses Actuarial losses (113 ) (126 ) Other operating expenses Realized losses on cash flow hedges (65 ) (275 ) Interest expense Total reclassifications, before income taxes (160 ) (389 ) Income tax benefit 47 159 Income tax expense Total reclassifications, net of income taxes $ (113 ) $ (230 )

BASIS OF PRESENTATION (Detail T

BASIS OF PRESENTATION (Detail Textuals) - Bridge Statutory Capital Trust II - Trust preferred securities (TPS) $ in Millions	1 Months Ended
	Dec. 31, 2009USD ($)
Debt Instrument [Line Items]
Value of trust preferred securities issued	$ 16
Distribution rate of trust preferred securities (as a percent)	8.50%

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
EARNINGS PER SHARE
Net income	$ 12,073	$ 9,171
Dividends paid on and earnings allocated to participating securities	(253)	(178)
Income attributable to common stock	$ 11,820	$ 8,993
Weighted average common shares outstanding, including participating securities	19,834	19,669
Weighted average participating securities (in shares)	(421)	(392)
Weighted average common shares outstanding	19,413	19,277
Basic earnings per common share (in dollars per share)	$ 0.61	$ 0.47
Income attributable to common stock	$ 11,820	$ 8,993
Weighted average common shares outstanding	19,413	19,277
Incremental shares from assumed conversions of options and restricted stock units	25	19
Weighted average common and equivalent shares outstanding (in shares)	19,438	19,296
Diluted earnings per common share (in dollars per share)	$ 0.61	$ 0.47

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 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)	47,393
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	21,693	19,957

STOCK BASED COMPENSATION PLAN37

STOCK BASED COMPENSATION PLANS (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Number of Options
Outstanding, January 1, 2018 | shares	0
Granted | shares	47,393
Outstanding, March 31, 2018 | shares	47,393
Vested and Exercisable, March 31, 2018 | shares	0
Weighted Average Exercise Price
Weighted Average Exercise Price, January 1, 2018 | $ / shares	$ 0
Granted | $ / shares	36.19
Weighted Average Exercise Price, March 31, 2018 | $ / shares	36.19
Vested and Exercisable, March 31, 2018 | $ / shares	$ 0
Weighted Average Remaining Contractual Life, Outstanding	9 years 10 months 24 days
Weighted Average Remaining Contractual Life, Vested and Exercisable	0 years
Aggregate Intrinsic Value, Outstanding | $	$ 0
Aggregate Intrinsic Value, Vested and Exercisable | $	$ 0

STOCK BASED COMPENSATION PLAN38

STOCK BASED COMPENSATION PLANS (Details 1) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options	47,393	0
Weighted Average Exercise Price	$ 36.19	$ 0
$ 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 PLAN39

STOCK BASED COMPENSATION PLANS (Details 2) - Restricted stock	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Shares
Unvested, January 1, 2018 | shares	317,692
Granted | shares	77,682
Vested | shares	(47,916)
Forfeited | shares	(650)
Unvested, March 31, 2018 | shares	346,808
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2018 | $ / shares	$ 27.16
Granted | $ / shares	33.03
Vested | $ / shares	23.26
Forfeited | $ / shares	31.06
Unvested, March 31, 2018 | $ / shares	$ 29.01

STOCK BASED COMPENSATION PLAN40

STOCK BASED COMPENSATION PLANS (Details 3) - Long Term Incentive Plan - Restricted stock units	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Shares
Unvested, January 1, 2018 | shares	68,776
Granted | shares	21,693
Reinvested dividends | shares	460
Forfeited | shares	(13,333)
Unvested, March 31, 2018 | shares	77,596
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2018 | $ / shares	$ 24.46
Granted | $ / shares	33.23
Reinvested dividends | $ / shares	24.46
Forfeited | $ / shares	21.85
Unvested, March 31, 2018 | $ / shares	$ 27.36

STOCK BASED COMPENSATION PLAN41

STOCK BASED COMPENSATION PLANS (Detail Textuals)	Mar. 31, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock approved for issuance under the Plan	803,385
Shares available for issuance	290,494
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock approved for issuance under the Plan	525,000
2006 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock approved for issuance under the Plan	278,385

STOCK BASED COMPENSATION PLAN42

STOCK BASED COMPENSATION PLANS (Detail Textuals 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	47,393
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 13
Unrecognized compensation cost related to unvested stock options	$ 296
Cost is expected to be recognized period	2 years 10 months 24 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 536	$ 413
Number of restricted stock awards granted	77,682
Unrecognized compensation cost related to non-vested RSAs	$ 7,000
Cost is expected to be recognized period	3 years 8 months 12 days
Restricted stock | Time-vested RSAs vest ratably over five years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	39,750
Vesting period (in years)	5 years
Restricted stock | Time-vested RSAs vest ratably over three years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	12,815
Vesting period (in years)	3 years
Restricted stock | Performance-based RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	25,117
Vesting period (in years)	2 years
Directors | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	1 year
Deferred compensation expense	$ 135	128
LTI Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 101	$ 69
Number of restricted stock awards granted	21,693
Unrecognized compensation cost related to non-vested RSAs	$ 1,600
Cost is expected to be recognized period	3 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	12,522
Vesting period (in years)	5 years
LTI Plan | Restricted stock units | Time-vested RSAs vest ratably over three years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	9,171
Vesting period (in years)	3 years
LTI Plan | NEOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	47,393
Vesting period (in years)	3 years
Weighted-average grant-date fair value	$ 6.52
Method used	Black-Scholes option-pricing model
Dividend yield	2.80%
Expected volatility rate	27.53%
Risk-free interest rate	2.67%
Expected option life	6 years 6 months

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available for sale:
Amortized Cost	$ 750,630	$ 775,903
Gross Unrealized Gains	58	306
Gross Unrealized Losses	(24,632)	(16,293)
Estimated Fair Value	726,056	759,916
Held to maturity:
Amortized Cost	176,089	180,866
Gross Unrealized Gains	723	1,293
Gross Unrealized Losses	(3,935)	(2,274)
Estimated Fair Value	172,877	179,885
Total securities
Amortized Cost	926,719	956,769
Gross Unrealized Gains	781	1,599
Gross Unrealized Losses	(28,567)	(18,567)
Total securities	898,933	939,801
U.S. GSE securities
Available for sale:
Amortized Cost	57,995	57,994
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,957)	(1,180)
Estimated Fair Value	56,038	56,814
State and municipal obligations
Available for sale:
Amortized Cost	86,127	87,582
Gross Unrealized Gains	54	259
Gross Unrealized Losses	(1,335)	(819)
Estimated Fair Value	84,846	87,022
Held to maturity:
Amortized Cost	58,511	60,762
Gross Unrealized Gains	586	972
Gross Unrealized Losses	(260)	(64)
Estimated Fair Value	58,837	61,670
U.S. GSE residential mortgage-backed securities
Available for sale:
Amortized Cost	181,005	189,705
Gross Unrealized Gains	4	29
Gross Unrealized Losses	(5,442)	(2,833)
Estimated Fair Value	175,567	186,901
Held to maturity:
Amortized Cost	10,988	11,424
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(433)	(261)
Estimated Fair Value	10,555	11,163
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Amortized Cost	300,907	314,390
Gross Unrealized Gains	0	16
Gross Unrealized Losses	(10,233)	(7,016)
Estimated Fair Value	290,674	307,390
Held to maturity:
Amortized Cost	52,603	54,250
Gross Unrealized Gains	137	244
Gross Unrealized Losses	(1,153)	(666)
Estimated Fair Value	51,587	53,828
U.S. GSE commercial mortgage-backed securities
Available for sale:
Amortized Cost	5,976	6,017
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(120)	(40)
Estimated Fair Value	5,856	5,979
Held to maturity:
Amortized Cost	22,751	22,953
Gross Unrealized Gains	0	77
Gross Unrealized Losses	(719)	(438)
Estimated Fair Value	22,032	22,592
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Amortized Cost	48,370	49,965
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,878)	(1,249)
Estimated Fair Value	46,492	48,716
Held to maturity:
Amortized Cost	31,236	31,477
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,370)	(845)
Estimated Fair Value	29,866	30,632
Other asset backed securities
Available for sale:
Amortized Cost	24,250	24,250
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(849)	(849)
Estimated Fair Value	23,401	23,401
Corporate bonds
Available for sale:
Amortized Cost	46,000	46,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,818)	(2,307)
Estimated Fair Value	$ 43,182	$ 43,693

SECURITIES (Details 1)

SECURITIES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Amortized Cost, Available for sale:
Within one year	$ 9,807
One to five years	90,205
Five to ten years	125,146
Beyond ten years	525,472
Total	750,630	$ 775,903
Estimated Fair Value, Available for sale:
Within one year	9,785
One to five years	88,221
Five to ten years	120,265
Beyond ten years	507,785
Estimated Fair Value	726,056	759,916
Amortized Cost, Held to maturity:
Within one year	2,878
One to five years	31,208
Five to ten years	55,680
Beyond ten years	86,323
Total	176,089	180,866
Estimated Fair Value, Held to maturity:
Within one year	2,873
One to five years	31,046
Five to ten years	55,269
Beyond ten years	83,689
Estimated Fair Value	$ 172,877	$ 179,885

SECURITIES (Details 2)

SECURITIES (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available for sale:
Less than 12 months, Estimated Fair Value	$ 240,441	$ 236,848
Less than 12 months, Gross Unrealized losses	(5,570)	(2,666)
Greater than 12 months, Estimated Fair Value	477,397	481,253
Greater than 12 months, Gross Unrealized losses	(19,062)	(13,627)
Held to maturity:
Less than 12 months, Estimated Fair Value	73,161	49,527
Less than 12 months, Gross Unrealized losses	(1,245)	(404)
Greater than 12 months, Estimated Fair Value	58,233	60,518
Greater than 12 months, Gross Unrealized losses	(2,690)	(1,870)
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	56,038	56,815
Greater than 12 months, Gross Unrealized losses	(1,957)	(1,180)
State and municipal obligations
Available for sale:
Less than 12 months, Estimated Fair Value	51,188	35,350
Less than 12 months, Gross Unrealized losses	(630)	(301)
Greater than 12 months, Estimated Fair Value	29,283	28,165
Greater than 12 months, Gross Unrealized losses	(705)	(518)
Held to maturity:
Less than 12 months, Estimated Fair Value	23,435	7,709
Less than 12 months, Gross Unrealized losses	(255)	(57)
Greater than 12 months, Estimated Fair Value	1,005	1,009
Greater than 12 months, Gross Unrealized losses	(5)	(7)
U.S. GSE residential mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	91,424	107,408
Less than 12 months, Gross Unrealized losses	(2,353)	(1,153)
Greater than 12 months, Estimated Fair Value	80,300	69,571
Greater than 12 months, Gross Unrealized losses	(3,089)	(1,680)
Held to maturity:
Less than 12 months, Estimated Fair Value	1,276	1,359
Less than 12 months, Gross Unrealized losses	(32)	(16)
Greater than 12 months, Estimated Fair Value	9,279	9,804
Greater than 12 months, Gross Unrealized losses	(401)	(245)
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	78,440	77,705
Less than 12 months, Gross Unrealized losses	(1,748)	(759)
Greater than 12 months, Estimated Fair Value	212,234	224,932
Greater than 12 months, Gross Unrealized losses	(8,485)	(6,257)
Held to maturity:
Less than 12 months, Estimated Fair Value	24,359	21,329
Less than 12 months, Gross Unrealized losses	(358)	(94)
Greater than 12 months, Estimated Fair Value	20,142	21,112
Greater than 12 months, Gross Unrealized losses	(795)	(572)
U.S. GSE commercial mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	5,856	2,345
Less than 12 months, Gross Unrealized losses	(120)	(40)
Greater than 12 months, Estimated Fair Value	0	0
Greater than 12 months, Gross Unrealized losses	0	0
Held to maturity:
Less than 12 months, Estimated Fair Value	13,975	8,789
Less than 12 months, Gross Unrealized losses	(276)	(121)
Greater than 12 months, Estimated Fair Value	8,057	8,303
Greater than 12 months, Gross Unrealized losses	(443)	(317)
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	252	452
Less than 12 months, Gross Unrealized losses	0	(1)
Greater than 12 months, Estimated Fair Value	46,240	48,264
Greater than 12 months, Gross Unrealized losses	(1,878)	(1,248)
Held to maturity:
Less than 12 months, Estimated Fair Value	10,116	10,341
Less than 12 months, Gross Unrealized losses	(324)	(116)
Greater than 12 months, Estimated Fair Value	19,750	20,290
Greater than 12 months, Gross Unrealized losses	(1,046)	(729)
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	23,401
Greater than 12 months, Gross Unrealized losses	(849)	(849)
Corporate bonds
Available for sale:
Less than 12 months, Estimated Fair Value	13,281	13,588
Less than 12 months, Gross Unrealized losses	(719)	(412)
Greater than 12 months, Estimated Fair Value	29,901	30,105
Greater than 12 months, Gross Unrealized losses	$ (2,099)	$ (1,895)

SECURITIES (Detail Textuals)

SECURITIES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Other than Temporary Impairment Losses, Investments [Abstract]
Guaranteed portion of student loan backed bonds	student loan backed bonds which are guaranteed by the U.S. Department of Education for 97% to 100% of principal
Credit support for student loan backed bonds description	the bonds have credit support of 3% to 5%
Proceeds from sales of securities available for sale		$ 200
Fair value of securities pledged to secure public deposits and FHLB and FRB overnight borrowings	$ 570,000		$ 513,500
Amount owned in FHLB, ACBB and FRB stock	$ 36,195		$ 35,349

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets measured at fair value on recurring basis
Available for sale securities	$ 726,056	$ 759,916
U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	56,038	56,814
State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	84,846	87,022
U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	175,567	186,901
U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	290,674	307,390
U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	5,856	5,979
U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	46,492	48,716
Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,401	23,401
Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,182	43,693
Carrying Value
Assets measured at fair value on recurring basis
Available for sale securities	726,056	759,916
Financial Assets: Derivatives	7,374	4,546
Financial Liabilities:
Financial liabilities: Derivatives	1,759	1,823
Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	726,056	759,916
Financial Assets: Derivatives	7,374	4,546
Financial Liabilities:
Financial liabilities: Derivatives	1,759	1,823
Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
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) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	726,056	759,916
Financial Assets: Derivatives	7,374	4,546
Financial Liabilities:
Financial liabilities: Derivatives	1,759	1,823
Significant Unobservable Inputs (Level 3) | Fair Value
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 Value
Assets measured at fair value on recurring basis
Available for sale securities	726,056	759,916
Recurring basis | Carrying Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	56,038	56,814
Recurring basis | Carrying Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	84,846	87,022
Recurring basis | Carrying Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	175,567	186,901
Recurring basis | Carrying Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	290,674	307,390
Recurring basis | Carrying Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	5,856	5,979
Recurring basis | Carrying Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	46,492	48,716
Recurring basis | Carrying Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,401	23,401
Recurring basis | Carrying Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,182	43,693
Recurring basis | Carrying Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	7,374	4,546
Financial Liabilities:
Financial liabilities: Derivatives	1,759	1,823
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	0	0
Financial Liabilities:
Financial liabilities: Derivatives	0	0
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	726,056	759,916
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	56,038	56,814
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	84,846	87,022
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	175,567	186,901
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	290,674	307,390
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	5,856	5,979
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	46,492	48,716
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	23,401
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	43,182	43,693
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	7,374	4,546
Financial Liabilities:
Financial liabilities: Derivatives	1,759	1,823
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	0	0
Financial Liabilities:
Financial liabilities: Derivatives	$ 0	$ 0

FAIR VALUE (Details 1)

FAIR VALUE (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets measured at fair value on non-recurring basis
Other real estate owned	$ 175
Non-recurring basis | Carrying Value
Assets measured at fair value on non-recurring basis
Impaired loans	0	$ 0
Other real estate owned	175	0
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
Other real estate owned	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
Other real estate owned	0	0
Non-recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value
Assets measured at fair value on non-recurring basis
Impaired loans	0	0
Other real estate owned	$ 175	$ 0

FAIR VALUE (Details 2)

FAIR VALUE (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financial assets:
Cash and due from banks	$ 50,588	$ 76,614
Interest earning deposits with banks	48,424	18,133
Securities available for sale	726,056	759,916
Securities held to maturity	172,877	179,885
Accrued interest receivable	11,907	11,652
Carrying Amount
Financial assets:
Cash and due from banks	50,588	76,614
Interest earning deposits with banks	48,424	18,133
Securities available for sale	726,056	759,916
Securities restricted	36,195	35,349
Securities held to maturity	176,089	180,866
Loans, net	3,169,085	3,071,045
Derivatives	7,374	4,546
Accrued interest receivable	11,907	11,652
Financial liabilities:
Certificates of deposit	282,747	222,364
Demand and other deposits	3,148,498	3,112,179
Federal funds purchased		50,000
Federal Home Loan Bank advances	520,092	501,374
Repurchase agreements	872	877
Subordinated debentures	78,676	78,641
Derivatives	1,759	1,823
Accrued interest payable	436	1,574
Fair Value
Financial assets:
Cash and due from banks	50,588	76,614
Interest earning deposits with banks	48,424	18,133
Securities available for sale	726,056	759,916
Securities restricted
Securities held to maturity	172,877	179,885
Loans, net	3,161,561	3,010,023
Derivatives	7,374	4,546
Accrued interest receivable	11,907	11,652
Financial liabilities:
Certificates of deposit	280,060	220,775
Demand and other deposits	3,148,498	3,112,179
Federal funds purchased		50,000
Federal Home Loan Bank advances	514,439	498,558
Repurchase agreements	872	877
Subordinated debentures	75,661	77,933
Derivatives	1,759	1,823
Accrued interest payable	436	1,574
Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
Financial assets:
Cash and due from banks	50,588	76,614
Interest earning deposits with banks	48,424	18,133
Securities available for sale	0	0
Securities restricted
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	3,148,498	3,112,179
Federal funds purchased		50,000
Federal Home Loan Bank advances	227,000	185,000
Repurchase agreements	0	0
Subordinated debentures	0	0
Derivatives	0	0
Accrued interest payable	0	0
Significant Other Observable Inputs (Level 2) | Fair Value
Financial assets:
Cash and due from banks	0	0
Interest earning deposits with banks	0	0
Securities available for sale	726,056	759,916
Securities restricted
Securities held to maturity	172,877	179,885
Loans, net	0	0
Derivatives	7,374	4,546
Accrued interest receivable	3,424	3,211
Financial liabilities:
Certificates of deposit	280,060	220,775
Demand and other deposits	0	0
Federal funds purchased		0
Federal Home Loan Bank advances	287,439	313,558
Repurchase agreements	872	877
Subordinated debentures	75,661	77,933
Derivatives	1,759	1,823
Accrued interest payable	436	1,574
Significant Unobservable Inputs (Level 3) | Fair Value
Financial assets:
Cash and due from banks	0	0
Interest earning deposits with banks	0	0
Securities available for sale	0	0
Securities restricted
Securities held to maturity	0	0
Loans, net	3,161,561	3,010,023
Derivatives	0	0
Accrued interest receivable	8,483	8,441
Financial liabilities:
Certificates of deposit	0	0
Demand and other deposits	0	0
Federal funds purchased		0
Federal Home Loan Bank advances	0	0
Repurchase agreements	0	0
Subordinated debentures	0	0
Derivatives	0	0
Accrued interest payable	$ 0	$ 0

FAIR VALUE (Detail Textuals)

FAIR VALUE (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Assets measured at fair value on non-recurring basis
Outstanding balance of impaired loans with an allowance recorded	$ 1,708		$ 1,708
Valuation allowance on impaired loans	1,708		1,708
Additional provision for loan losses	800	$ 800
Other real estate	175
Non-recurring basis
Assets measured at fair value on non-recurring basis
Additional provision for loan losses			1,700
Non-recurring basis | Carrying Value
Assets measured at fair value on non-recurring basis
Impaired loans	0		0
Other real estate	$ 175		$ 0

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Classifications of loans
Total loans	$ 3,197,177	$ 3,098,253
Net deferred loan costs and fees	4,720	4,499
Total loans held for investment	3,201,897	3,102,752
Allowance for loan losses	(32,812)	(31,707)	$ (26,618)	$ (25,904)
Loans, net	3,169,085	3,071,045
Commercial real estate | Mortgage loans
Classifications of loans
Total loans	1,339,992	1,293,906
Allowance for loan losses	(11,334)	(11,048)	(8,357)	(9,225)
Multi-family | Mortgage loans
Classifications of loans
Total loans	601,747	595,280
Allowance for loan losses	(3,002)	(4,521)	(6,480)	(6,264)
Residential real estate | Mortgage loans
Classifications of loans
Total loans	493,153	464,264
Allowance for loan losses	(3,495)	(2,438)	(1,415)	(1,495)
Commercial, industrial and agricultural loans
Classifications of loans
Total loans	638,711	616,003
Allowance for loan losses	(14,055)	(12,838)	(9,198)	(7,837)
Real estate construction and land loans
Classifications of loans
Total loans	104,496	107,759
Allowance for loan losses	(821)	(740)	(1,058)	(955)
Installment/consumer loans
Classifications of loans
Total loans	19,078	21,041
Allowance for loan losses	$ (105)	$ (122)	$ (110)	$ (128)

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loans by class categorized by internally assigned risk grades
Total loans	$ 3,197,177	$ 3,098,253
Pass
Loans by class categorized by internally assigned risk grades
Total loans	3,106,886	3,012,960
Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	42,363	42,610
Substandard
Loans by class categorized by internally assigned risk grades
Total loans	47,928	42,683
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	1,339,992	1,293,906
Commercial real estate | Mortgage loans | Owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	483,195	472,649
Commercial real estate | Mortgage loans | Owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	461,080	451,264
Commercial real estate | Mortgage loans | Owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	1,822	1,796
Commercial real estate | Mortgage loans | Owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	20,293	19,589
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	856,797	821,257
Commercial real estate | Mortgage loans | Non-owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	844,249	808,612
Commercial real estate | Mortgage loans | Non-owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	8,019	8,056
Commercial real estate | Mortgage loans | Non-owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	4,529	4,589
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	601,747	595,280
Multi-Family | Mortgage loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	601,747	595,280
Multi-Family | Mortgage loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	0	0
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
Loans by class categorized by internally assigned risk grades
Total loans	493,153	464,264
Residential real estate | Mortgage loans | Residential mortgage
Loans by class categorized by internally assigned risk grades
Total loans	427,956	398,173
Residential real estate | Mortgage loans | Residential mortgage | Pass
Loans by class categorized by internally assigned risk grades
Total loans	421,767	393,029
Residential real estate | Mortgage loans | Residential mortgage | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	5,902	4,854
Residential real estate | Mortgage loans | Residential mortgage | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	287	290
Residential real estate | Mortgage loans | Residential mortgage | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Residential real estate | Mortgage loans | Home equity
Loans by class categorized by internally assigned risk grades
Total loans	65,197	66,091
Residential real estate | Mortgage loans | Home equity | Pass
Loans by class categorized by internally assigned risk grades
Total loans	63,161	64,601
Residential real estate | Mortgage loans | Home equity | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	1,240	698
Residential real estate | Mortgage loans | Home equity | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	796	792
Residential real estate | Mortgage loans | Home equity | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Commercial and Industrial
Loans by class categorized by internally assigned risk grades
Total loans	638,711	616,003
Commercial and Industrial | Secured
Loans by class categorized by internally assigned risk grades
Total loans	116,069	112,313
Commercial and Industrial | Secured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	89,564	86,116
Commercial and Industrial | Secured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	12,907	12,637
Commercial and Industrial | Secured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	13,598	13,560
Commercial and Industrial | Secured | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	0	0
Commercial and Industrial | Unsecured
Loans by class categorized by internally assigned risk grades
Total loans	522,642	503,690
Commercial and Industrial | Unsecured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	502,073	485,598
Commercial and Industrial | Unsecured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	12,459	14,553
Commercial and Industrial | Unsecured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	8,110	3,539
Commercial and Industrial | 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	104,496	107,759
Real estate construction and land loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	104,181	107,440
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	315	319
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	19,078	21,041
Installment/consumer loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	19,064	21,020
Installment/consumer loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	14	16
Installment/consumer loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	0	5
Installment/consumer loans | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans	$ 0	$ 0

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	$ 2,665	$ 1,834
Nonaccrual Including 90 Days or More Past Due	6,071	6,955
Total Past Due and Nonaccrual	13,242	12,403
Current	3,183,935	3,085,850
Total Loans	3,197,177	3,098,253
30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	4,459	2,854
60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	47	760
Commercial Real Estate | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	1,339,992	1,293,906
Commercial Real Estate | Mortgage loans | Owner occupied
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	175
Nonaccrual Including 90 Days or More Past Due	2,192	2,205
Total Past Due and Nonaccrual	3,642	2,664
Current	479,553	469,985
Total Loans	483,195	472,649
Commercial Real Estate | Mortgage loans | Owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,450	284
Commercial Real Estate | Mortgage loans | Owner occupied | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Commercial Real Estate | Mortgage loans | Non-owner occupied
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	1,143	1,163
Nonaccrual Including 90 Days or More Past Due	425	0
Total Past Due and Nonaccrual	1,568	1,163
Current	855,229	820,094
Total Loans	856,797	821,257
Commercial Real Estate | Mortgage loans | Non-owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Commercial Real Estate | Mortgage loans | Non-owner occupied | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Multi-Family | Mortgage loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	0	0
Nonaccrual Including 90 Days or More Past Due	0	0
Total Past Due and Nonaccrual	0	0
Current	601,747	595,280
Total Loans	601,747	595,280
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
Past Due and Nonaccrual Loans
Total Loans	493,153	464,264
Residential Real Estate | Mortgage loans | Residential Real Estate Mortgage Loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	1,017	0
Nonaccrual Including 90 Days or More Past Due	393	401
Total Past Due and Nonaccrual	2,796	2,873
Current	425,160	395,300
Total Loans	427,956	398,173
Residential Real Estate | Mortgage loans | Residential Real Estate Mortgage Loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,386	2,074
Residential Real Estate | Mortgage loans | Residential Real Estate Mortgage Loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	398
Residential Real Estate | Mortgage loans | Home equity
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	280	271
Nonaccrual Including 90 Days or More Past Due	261	161
Total Past Due and Nonaccrual	1,116	761
Current	64,081	65,330
Total Loans	65,197	66,091
Residential Real Estate | Mortgage loans | Home equity | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	575	329
Residential Real Estate | Mortgage loans | Home equity | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	0
Commercial, Industrial and Agricultural Loans
Past Due and Nonaccrual Loans
Total Loans	638,711	616,003
Commercial, Industrial and Agricultural Loans | Secured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	225	225
Nonaccrual Including 90 Days or More Past Due	570	570
Total Past Due and Nonaccrual	1,138	949
Current	114,931	111,364
Total Loans	116,069	112,313
Commercial, Industrial and Agricultural Loans | Secured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	343	113
Commercial, Industrial and Agricultural Loans | Secured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	41
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	2,078	3,618
Total Past Due and Nonaccrual	2,813	3,671
Current	519,829	500,019
Total Loans	522,642	503,690
Commercial, Industrial and Agricultural Loans | Unsecured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	688	18
Commercial, Industrial and Agricultural Loans | Unsecured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	47	35
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	152	0
Total Past Due and Nonaccrual	152	281
Current	104,344	107,478
Total Loans	104,496	107,759
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	281
Installment/Consumer 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	17	41
Current	19,061	21,000
Total Loans	19,078	21,041
Installment/Consumer Loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	17	36
Installment/Consumer Loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	$ 0	$ 5

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Recorded Investment
With no related allowance recorded	$ 25,346		$ 20,784
With an allowance recorded	1,708		1,708
Total impaired loans	27,054		22,492
Unpaid Principal Balance
With no related allowance recorded	25,992		21,683
With an allowance recorded	3,235		3,235
Total impaired loans	29,227		24,918
Related Allocated Allowance
With an allowance recorded	1,708		1,708
Total impaired loans	1,708		1,708
Average Recorded Investment
With no related allowance recorded	24,822	$ 5,498
With an allowance recorded	1,708	32
Average recorded investment in impaired loans	26,530	5,530
Interest Income Recognized
With no related allowance recorded	169	112
With an allowance recorded	0	1
Total impaired loans	169	113
Commercial Real Estate | Mortgage loans | Owner occupied
Recorded Investment
With no related allowance recorded	2,073		2,073
With an allowance recorded	0		0
Total impaired loans	2,073		2,073
Unpaid Principal Balance
With no related allowance recorded	2,073		2,073
With an allowance recorded	0		0
Total impaired loans	2,073		2,073
Related Allocated Allowance
With an allowance recorded	0		0
Total impaired loans	0		0
Average Recorded Investment
With no related allowance recorded	2,073	158
With an allowance recorded	0	0
Average recorded investment in impaired loans	2,073	158
Interest Income Recognized
With no related allowance recorded	0	2
With an allowance recorded	0	0
Total impaired loans	0	2
Commercial Real Estate | Mortgage loans | Non-owner occupied
Recorded Investment
With no related allowance recorded	9,243		9,089
With an allowance recorded	0		0
Total impaired loans	9,243		9,089
Unpaid Principal Balance
With no related allowance recorded	9,243		9,089
With an allowance recorded	0		0
Total impaired loans	9,243		9,089
Related Allocated Allowance
With an allowance recorded	0		0
Total impaired loans	0		0
Average Recorded Investment
With no related allowance recorded	8,973	604
With an allowance recorded	0	0
Average recorded investment in impaired loans	8,973	604
Interest Income Recognized
With no related allowance recorded	76	18
With an allowance recorded	0	0
Total impaired loans	76	18
Residential Real Estate | Mortgage loans | Residential Real Estate Mortgage Loans
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total impaired loans	0		0
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total impaired loans	0		0
Related Allocated Allowance
With an allowance recorded	0		0
Total impaired loans	0		0
Average Recorded Investment
With no related allowance recorded	0	4,139
With an allowance recorded	0	0
Average recorded investment in impaired loans	0	4,139
Interest Income Recognized
With no related allowance recorded	0	79
With an allowance recorded	0	0
Total impaired loans	0	79
Residential Real Estate | Mortgage loans | Home equity
Recorded Investment
With no related allowance recorded	100		100
With an allowance recorded	0		0
Total impaired loans	100		100
Unpaid Principal Balance
With no related allowance recorded	100		100
With an allowance recorded	0		0
Total impaired loans	100		100
Related Allocated Allowance
With an allowance recorded	0		0
Total impaired loans	0		0
Average Recorded Investment
With no related allowance recorded	100	131
With an allowance recorded	0	0
Average recorded investment in impaired loans	100	131
Interest Income Recognized
With no related allowance recorded	0	0
With an allowance recorded	0	0
Total impaired loans	0	0
Commercial, Industrial and Agricultural Loans | Secured
Recorded Investment
With no related allowance recorded	8,727		7,368
With an allowance recorded	0		0
Total impaired loans	8,727		7,368
Unpaid Principal Balance
With no related allowance recorded	9,373		8,013
With an allowance recorded	0		0
Total impaired loans	9,373		8,013
Related Allocated Allowance
With an allowance recorded	0		0
Total impaired loans	0		0
Average Recorded Investment
With no related allowance recorded	8,744	270
With an allowance recorded	0	0
Average recorded investment in impaired loans	8,744	270
Interest Income Recognized
With no related allowance recorded	56	8
With an allowance recorded	0	0
Total impaired loans	56	8
Commercial, Industrial and Agricultural Loans | Unsecured
Recorded Investment
With no related allowance recorded	5,203		2,154
With an allowance recorded	1,708		1,708
Total impaired loans	6,911		3,862
Unpaid Principal Balance
With no related allowance recorded	5,203		2,408
With an allowance recorded	3,235		3,235
Total impaired loans	8,438		5,643
Related Allocated Allowance
With an allowance recorded	1,708		1,708
Total impaired loans	1,708		$ 1,708
Average Recorded Investment
With no related allowance recorded	4,932	196
With an allowance recorded	1,708	32
Average recorded investment in impaired loans	6,640	228
Interest Income Recognized
With no related allowance recorded	37	5
With an allowance recorded	0	1
Total impaired loans	$ 37	$ 6

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Activity in the accretable yield for the purchased credit impaired loans
Balance at beginning of period	$ 2,151	$ 6,915
Accretion	(1,033)	(1,857)
Reclassification (to) from nonaccretable difference during the period	(161)	275
Accretable discount at end of period	$ 957	$ 5,333

LOANS (Detail Textuals)

LOANS (Detail Textuals)	3 Months Ended
	Mar. 31, 2018USD ($)Family	Dec. 31, 2017USD ($)	Jun. 19, 2015USD ($)	Feb. 14, 2014USD ($)
CNB
Classifications of loans
Addition in acquired loans recorded at fair value			$ 729,400,000
Fair value of loans acquired	$ 331,400,000	$ 359,400,000
FNBNY
Classifications of loans
Addition in acquired loans recorded at fair value				$ 89,700,000
Fair value of loans acquired	15,300,000	$ 15,400,000
Commercial real estate | Mortgage loans
Lending Risk
Loan amount beyond which annual financial information is sought	$ 250,000
Residential real estate | Mortgage loans | Home equity | Minimum
Lending Risk
Loan-to-value ratio (as a percent)	80.00%
Multi-Family | Mortgage loans
Lending Risk
Number of families having income producing residential investment properties | Family	5
Multi-Family | Mortgage loans | Maximum
Lending Risk
Loan-to-value ratio (as a percent)	75.00%

LOANS (Detail Textuals 1)

LOANS (Detail Textuals 1) $ in Thousands	1 Months Ended		3 Months Ended
	Jun. 19, 2015USD ($)	Feb. 14, 2014USD ($)	Mar. 31, 2018USD ($)Loan	Mar. 31, 2017USD ($)Loan	Dec. 31, 2017USD ($)
Financing Receivables
Total loans			$ 3,197,177		$ 3,098,253
Impaired loans			27,100		22,500
Loans modified as TDR			$ 6,700	$ 7,800
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | Loan			6	2
Nonaccrual troubled debt restructured loans			$ 32		5
Amount of current and performing TDR loans			23,200		16,700
Post-Modification of other than troubled debt restructuring, recorded investment			3,600
Other real estate owned			27,054		22,492
Other real estate owned
Financing Receivables
Other real estate owned			200
Special Mention
Financing Receivables
Total loans			42,363		42,610
Substandard
Financing Receivables
Total loans			47,928		42,683
FNBNY
Acquired Loans
Contractually required principal and interest payments receivable		$ 40,300
Expected cash flows		28,400
Fair value (initial carrying amount) of purchased credit impaired loans		21,800
Non-accretable difference		11,900
Initial accretable yield		$ 6,600
Outstanding balance of purchased credit impaired loans			3,900		4,000
Carrying amount of purchased credit impaired loans			2,600		2,400
Remaining non-accretable difference			700		700
FNBNY | Special Mention
Financing Receivables
Total loans			200		200
FNBNY | Substandard
Financing Receivables
Total loans			300		300
CNB
Acquired Loans
Contractually required principal and interest payments receivable	$ 23,400
Expected cash flows	10,100
Fair value (initial carrying amount) of purchased credit impaired loans	8,700
Non-accretable difference	13,300
Initial accretable yield	$ 1,400
Outstanding balance of purchased credit impaired loans			1,500		7,600
Carrying amount of purchased credit impaired loans			200		1,000
Remaining non-accretable difference			1,000		5,300
CNB | 30-89 days past due
Acquired Loans
Acquired loans			1,600		2,400
CNB | Special Mention
Financing Receivables
Total loans			400		400
CNB | Substandard
Financing Receivables
Total loans			$ 1,600		$ 1,600

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Allowance for Loan Losses:
Individually evaluated for impairment	$ 1,708	$ 1,708
Collectively evaluated for impairment	31,104	29,999
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	32,812	31,707	$ 26,618	$ 25,904
Loans:
Individually evaluated for impairment	27,054	22,492
Collectively evaluated for impairment	3,167,314	3,072,186
Loans acquired with deteriorated credit quality	2,809	3,575
Total Loans	3,197,177	3,098,253
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	11,334	11,048
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	11,334	11,048	8,357	9,225
Loans:
Individually evaluated for impairment	11,316	11,162
Collectively evaluated for impairment	1,328,676	1,281,837
Loans acquired with deteriorated credit quality	0	907
Total Loans	1,339,992	1,293,906
Multi-Family | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	3,002	4,521
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	3,002	4,521	6,480	6,264
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	599,964	593,645
Loans acquired with deteriorated credit quality	1,783	1,635
Total Loans	601,747	595,280
Residential Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	3,495	2,438
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	3,495	2,438	1,415	1,495
Loans:
Individually evaluated for impairment	100	100
Collectively evaluated for impairment	492,454	463,575
Loans acquired with deteriorated credit quality	599	589
Total Loans	493,153	464,264
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses:
Individually evaluated for impairment	1,708	1,708
Collectively evaluated for impairment	12,347	11,130
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	14,055	12,838	9,198	7,837
Loans:
Individually evaluated for impairment	15,638	11,230
Collectively evaluated for impairment	622,646	604,329
Loans acquired with deteriorated credit quality	427	444
Total Loans	638,711	616,003
Real Estate Construction and Land Loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	821	740
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	821	740	1,058	955
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	104,496	107,759
Loans acquired with deteriorated credit quality	0	0
Total Loans	104,496	107,759
Installment/Consumer Loans
Allowance for Loan Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	105	122
Loans acquired with deteriorated credit quality	0	0
Total Allowance for Loan Losses	105	122	$ 110	$ 128
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	19,078	21,041
Loans acquired with deteriorated credit quality	0	0
Total Loans	$ 19,078	$ 21,041

ALLOWANCE FOR LOAN LOSSES (De59

ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Allowance for Loan Losses
Beginning balance	$ 31,707	$ 25,904	$ 25,904
Charge-offs	0	(95)
Recoveries	305	9
Provision	800	800
Ending balance	32,812	26,618	31,707
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	11,048	9,225	9,225
Charge-offs	0	0
Recoveries	0	0
Provision	286	(868)
Ending balance	11,334	8,357	11,048
Multi-Family | Mortgage loans
Allowance for Loan Losses
Beginning balance	4,521	6,264	6,264
Charge-offs	0	0
Recoveries	0	0
Provision	(1,519)	216
Ending balance	3,002	6,480	4,521
Residential Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	2,438	1,495	1,495
Charge-offs	0	0
Recoveries	1	1
Provision	1,056	(81)
Ending balance	3,495	1,415	2,438
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses
Beginning balance	12,838	7,837	7,837
Charge-offs	0	(95)
Recoveries	304	7
Provision	913	1,449
Ending balance	14,055	9,198	12,838
Real Estate Construction and Land Loans
Allowance for Loan Losses
Beginning balance	740	955	955
Charge-offs	0	0
Recoveries	0	0
Provision	81	103
Ending balance	821	1,058	740
Installment/Consumer Loans
Allowance for Loan Losses
Beginning balance	122	128	128
Charge-offs	0	0
Recoveries	0	1
Provision	(17)	(19)
Ending balance	$ 105	$ 110	$ 122

PENSION AND POSTRETIREMENT PL60

PENSION AND POSTRETIREMENT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$ 325	$ 293
Interest cost	197	184
Expected return on plan assets	(625)	(520)
Amortization of net loss	83	113
Amortization of prior service credit	(19)	(19)
Amortization of transition obligation	0	0
Net periodic benefit (credit) cost	(39)	51
SERP Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	73	53
Interest cost	32	26
Expected return on plan assets	0	0
Amortization of net loss	30	13
Amortization of prior service credit	0	0
Amortization of transition obligation	1	7
Net periodic benefit (credit) cost	$ 136	$ 99

PENSION AND POSTRETIREMENT PL61

PENSION AND POSTRETIREMENT PLANS (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Reclassification of net periodic benefit credit components other than service cost from salaries and employee benefits expense to operating expense	$ 196
SERP Benefits
Defined Benefit Plan Disclosure [Line Items]
Distribution from the plan	$ 28	$ 28

SECURITIES SOLD UNDER AGREEME62

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 872	$ 877
Carrying amount of U.S. GSE residential collateralized mortgage obligations and U.S. GSE residential mortgage-backed securities	1,700	1,800
Maturing during the second quarter
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 900	$ 900
U.S. GSE residential collateralized mortgage obligations
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	51.00%	52.00%
U.S. GSE residential mortgage-backed securities
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	49.00%	48.00%

FEDERAL HOME LOAN BANK ADVANC63

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Contractual Maturity, Amount
Overnight	$ 227,000	$ 185,000
2,018	292,014	315,083
2,019	1,078	1,291
Total FHLB advances except overnight advances	293,092	316,374
Total FHLB advances	$ 520,092	$ 501,374
Weighted Average Rate
Overnight (as a percent)	2.00%	1.53%
2018 (as a percent)	2.03%	1.59%
2019 (as a percent)	0.88%	0.94%
Weighted Average Rate for total FHLB advances except overnight advances (as a percent)	2.02%	1.59%
Weighted Average Rate for total FHLB advances (as a percent)	2.01%	1.57%

FEDERAL HOME LOAN BANK ADVANC64

FEDERAL HOME LOAN BANK ADVANCES (Detail Textuals) - USD ($) $ in Billions	Mar. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Advances collateralized amount	$ 1.3	$ 1.2
Maximum borrowing amount from FHLB term advances	$ 1.4

BORROWED FUNDS (Detail Textuals

BORROWED FUNDS (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2015	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 80,000
Subordinated debentures, net		$ 78,676	$ 78,641
Subordinated Debentures | Callable after five years
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 40,000
Fixed annual interest rate	5.25%
Debt instrument variable rate description	three-month LIBOR
Basis points	3.60%
Subordinated Debentures | Callable after ten years
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 40,000
Fixed annual interest rate	5.75%
Debt instrument variable rate description	three-month LIBOR
Basis points	3.45%

BORROWED FUNDS (Detail Textua66

BORROWED FUNDS (Detail Textuals 1) - USD ($)	Dec. 15, 2016	Jan. 18, 2017	Jan. 17, 2017	Dec. 28, 2016	Dec. 31, 2009	Oct. 31, 2009
Trust preferred securities (TPS)
Junior subordinated debentures
Aggregate liquidation amount of trust preferred securities converted			$ 15,500,000	$ 100,000
Trust preferred securities outstanding	$ 15,800,000
Number of trust preferred securities converted			15,450	100
Number of shares issued for trust preferred securities conversions			532,740	3,448
Trust preferred shares to be redeemed		350
Amount of preferred securities liquidation to be redeemed		$ 350,000
Junior Subordinated Debentures
Junior subordinated debentures
Amount of debentures issued to trust					$ 16,000,000
Bridge Statutory Capital Trust II | Trust preferred securities (TPS)
Junior subordinated debentures
Distribution rate of trust preferred securities (as a percent)					8.50%
Liquidation amount per security (in dollars per share)					$ 1,000
Trust preferred securities outstanding					$ 16,000,000	$ 16,000,000
Conversion price (in dollars per share)					$ 29

DERIVATIVES (Details)

DERIVATIVES (Details) - Interest rate swaps - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Derivatives
Notional amounts	$ 290,000	$ 290,000
Weighted average pay rates (as a percent)	1.78%	1.78%
Weighted average receive rates (as a percent)	2.16%	1.61%
Weighted average maturity	2 years 4 months 21 days	2 years 7 months 21 days

DERIVATIVES (Details 1)

DERIVATIVES (Details 1) - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income
Interest rate contracts, Amount of gain recognized in OCI (Effective Portion)	$ 2,827	$ 25
Interest rate contracts, Amount of loss reclassified from OCI to interest expense	(65)	(275)
Interest rate contracts, Amount of loss recognized in other non-interest income (Ineffective Portion)	$ 0	$ 0

DERIVATIVES (Details 2)

DERIVATIVES (Details 2) - Derivative designated as a cash flow hedge - Interest rate swaps related to FHLB advances - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 290,000	$ 290,000
Fair Value Asset	5,747	3,133
Fair Value Liability	$ (131)	$ (410)

DERIVATIVES (Details 3)

DERIVATIVES (Details 3) - Interest rate swaps - Non-Designated Hedges - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Derivatives
Notional amounts	$ 171,112	$ 147,967
Weighted average pay rates (as a percent)	4.14%	3.96%
Weighted average receive rates (as a percent)	4.14%	3.96%
Weighted average maturity	12 years 29 days	12 years 4 months 13 days
Fair value of combined interest rate swaps	$ 0	$ 0

DERIVATIVES (Detail Textuals)

DERIVATIVES (Detail Textuals) - Interest rate swaps - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Derivative [Line Items]
Notional amounts	$ 290,000		$ 290,000
Derivative asset position net	6,500
Collateral received against obligations in net asset position	6,600
Federal Home Loan Bank
Derivative [Line Items]
Interest expense on derivative	65	$ 275
Reclassifications to interest expense	65
Reclassified estimated decrease in interest expense	$ 1,500

ACCUMULATED OTHER COMPREHENSI72

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized holding (losses) gains on available for sale securities	$ (8,587)	$ 1,616
Income tax effect	2,499	(606)
Net change in unrealized (losses) gains on available for sale securities	(6,088)	1,010
Reclassification adjustment for amortization realized in income	95	114
Income tax effect	(28)	(17)
Net change in post-retirement obligation	67	97
Change in fair value of derivatives used for cash flow hedges	2,827	25
Reclassification adjustment for losses realized in income	65	275
Income tax effect	(841)	(126)
Net change in unrealized gains on cash flow hedges	2,051	174
Other comprehensive (loss) income	$ (3,970)	$ 1,281

ACCUMULATED OTHER COMPREHENSI73

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Unrealized losses on available for sale securities
Balance at the beginning of the period	$ (11,337)
Current Period Change	(6,088)	$ 1,010
Balance at the end of the period	(17,425)
Unrealized (losses) gain on pension benefits
Balance at the beginning of the period	(5,533)
Current Period Change	67	97
Balance at the end of the period	(5,466)
Unrealized gains on cash flow hedges
Balance at the beginning of the period	1,931
Current Period Change	2,051	174
Balance at the end of the period	3,982
Accumulated other comprehensive loss
Balance at the beginning of the period	(14,939)
Current Period Change	(3,970)	$ 1,281
Balance at the end of the period	$ (18,909)

ACCUMULATED OTHER COMPREHENSI74

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Amounts Reclassified from AOCI
Total reclassifications, before income tax	$ 15,254	$ 13,487
Income tax benefit	(3,181)	(4,316)
Total reclassifications, net of income taxes	12,073	9,171
Amount Reclassified from Accumulated Other Comprehensive Income
Amounts Reclassified from AOCI
Total reclassifications, before income tax	(160)	(389)
Income tax benefit	47	159
Total reclassifications, net of income taxes	(113)	(230)
Amount Reclassified from Accumulated Other Comprehensive Income | Amortization of defined benefit pension plan and the defined benefit plan component of the SERP
Amounts Reclassified from AOCI
Prior service credit	19	19
Transition obligation	(1)	(7)
Actuarial losses	(113)	(126)
Amount Reclassified from Accumulated Other Comprehensive Income | Realized losses on cash flow hedges
Amounts Reclassified from AOCI
Realized losses on cash flow hedges	$ (65)	$ (275)