Dime Community Bancshares (DCOM) 10-Q 8 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 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		19,785,248
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 74,255	$ 76,614
Interest earning deposits with banks	31,636	18,133
Total cash and cash equivalents	105,891	94,747
Securities available for sale, at fair value	659,076	759,916
Securities held to maturity (fair value of $165,606 and $179,885, respectively)	169,717	180,866
Total securities	828,793	940,782
Securities, restricted	26,747	35,349
Loans held for sale	6,338
Loans held for investment	3,180,676	3,102,752
Allowance for loan losses	(31,652)	(31,707)
Loans, net	3,149,024	3,071,045
Premises and equipment, net	36,043	33,505
Accrued interest receivable	11,625	11,652
Goodwill	105,950	105,950
Other intangible assets	4,866	5,214
Prepaid pension	10,141	9,936
Bank owned life insurance	88,594	87,493
Other real estate owned	175
Other assets	40,598	34,329
Total assets	4,414,785	4,430,002
Liabilities
Demand deposits	1,307,325	1,338,701
Savings, NOW and money market deposits	1,919,653	1,773,478
Certificates of deposit of $100,000 or more	119,774	158,584
Other time deposits	206,445	63,780
Total deposits	3,553,197	3,334,543
Federal funds purchased		50,000
Repurchase agreements	1,437	877
Federal Home Loan Bank advances	300,863	501,374
Subordinated debentures, net	78,711	78,641
Other liabilities and accrued expenses	40,822	35,367
Total liabilities	3,975,030	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; 19,798,989 and 19,719,575 shares issued, respectively; and 19,785,889 and 19,709,360 shares outstanding, respectively)	198	197
Surplus	349,538	347,691
Retained earnings	106,206	96,547
Treasury stock at cost, 13,100 and 10,215 shares, respectively	(441)	(296)
Total stockholders' equity before accumulated other comprehensive income (loss)	455,501	444,139
Accumulated other comprehensive loss, net of income taxes	(15,746)	(14,939)
Total stockholders' equity	439,755	429,200
Total liabilities and stockholders' equity	$ 4,414,785	$ 4,430,002

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Consolidated Balance Sheets
Securities held to maturity, fair value (in dollars)	$ 165,606	$ 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	19,798,989	19,719,575
Common stock, shares outstanding	19,785,889	19,709,360
Treasury Stock, shares	13,100	10,215

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest income:
Loans (including fee income)	$ 35,770	$ 30,252	$ 71,383	$ 59,635
Mortgage-backed securities, CMOs and other asset-backed securities	3,825	3,898	7,549	7,715
U.S. GSE securities	243	301	522	601
State and municipal obligations	747	1,010	1,559	2,005
Corporate bonds	358	293	713	583
Deposits with banks	106	71	196	117
Other interest and dividend income	502	409	993	795
Total interest income	41,551	36,234	82,915	71,451
Interest expense:
Savings, NOW and money market deposits	3,438	1,812	5,952	3,363
Certificates of deposit of $100,000 or more	582	431	1,099	810
Other time deposits	493	179	688	357
Federal funds purchased and repurchase agreements	57	355	1,172	671
Federal Home Loan Bank advances	1,917	1,529	3,266	2,678
Subordinated debentures	1,135	1,135	2,270	2,270
Junior subordinated debentures				48
Total interest expense	7,622	5,441	14,447	10,197
Net interest income	33,929	30,793	68,468	61,254
Provision for loan losses	400	950	1,200	1,750
Net interest income after provision for loan losses	33,529	29,843	67,268	59,504
Non-interest (loss) income:
Service charges and other fees	$ 2,562	$ 2,220	$ 4,725	$ 4,270
Type of Revenue [Extensible List]	us-gaap:DepositAccountMember	us-gaap:DepositAccountMember	us-gaap:DepositAccountMember	us-gaap:DepositAccountMember
Net securities losses	$ (7,921)		$ (7,921)
Title fee income	450	$ 541	955	$ 1,091
Gain on sale of loans	322		322
Gain on sale of Small Business Administration loans	691	799	1,062	1,342
BOLI income	555	567	1,101	1,127
Other operating income	763	382	1,291	801
Total non-interest (loss) income	(2,578)	4,509	1,535	8,631
Non-interest expense:
Salaries and employee benefits	13,055	11,592	25,867	23,092
Occupancy and equipment	3,205	3,439	6,448	6,837
Technology and communications	1,568	1,390	3,211	2,725
Marketing and advertising	1,240	1,577	2,202	2,488
Professional services	881	642	2,093	1,423
FDIC assessments	436	332	900	643
Amortization of other intangible assets	242	274	488	553
Other operating expenses	1,880	1,760	3,896	3,541
Total non-interest expense	22,507	21,006	45,105	41,302
Income before income taxes	8,444	13,346	23,698	26,833
Income tax expense	1,701	4,505	4,882	8,821
Net income	$ 6,743	$ 8,841	$ 18,816	$ 18,012
Basic earnings per share (in dollars per share)	$ 0.34	$ 0.45	$ 0.95	$ 0.91
Diluted earnings per share (in dollars per share)	$ 0.34	$ 0.45	$ 0.95	$ 0.91

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Consolidated Statements of Comprehensive Income
Net income	$ 6,743	$ 8,841	$ 18,816	$ 18,012
Other comprehensive income (loss):
Change in unrealized net gains (losses) on securities available for sale, net of reclassifications and deferred income taxes	2,616	1,533	(3,472)	2,543
Adjustment to pension liability, net of reclassifications and deferred income taxes	68	66	135	163
Unrealized gains (losses) on cash flow hedges, net of reclassifications and deferred income taxes	479	(547)	2,530	(373)
Total other comprehensive income (loss)	3,163	1,052	(807)	2,333
Comprehensive income	$ 9,906	$ 9,893	$ 18,009	$ 20,345

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			18,012			18,012
Shares issued under the dividend reinvestment plan		469				469
Shares issued for trust preferred securities conversions (529,292 shares)	5	14,944				14,949
Stock awards granted and distributed	1	(416)		415
Stock awards forfeited		20		(20)
Repurchase of surrendered stock from vesting of restricted stock awards				(264)		(264)
Share based compensation expense		1,324				1,324
Cash dividend declared, $0.46 per share			(9,103)			(9,103)
Other comprehensive income (loss), net of deferred income taxes					2,333	2,333
Balance at Jun. 30, 2017	197	345,768	100,503	(30)	(10,731)	435,707
Balance at Dec. 31, 2017	197	347,691	96,547	(296)	(14,939)	429,200
Increase (Decrease) in Stockholders' Equity
Net income			18,816			18,816
Shares issued under the dividend reinvestment plan		468				468
Stock awards granted and distributed	1	(523)		522
Stock awards forfeited		115		(115)
Repurchase of surrendered stock from vesting of restricted stock awards				(552)		(552)
Share based compensation expense		1,787				1,787
Cash dividend declared, $0.46 per share			(9,157)			(9,157)
Other comprehensive income (loss), net of deferred income taxes					(807)	(807)
Balance at Jun. 30, 2018	$ 198	$ 349,538	$ 106,206	$ (441)	$ (15,746)	$ 439,755

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parentheticals) (unaudited) - $ / shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Consolidated Statements of Stockholders' Equity
Number of shares issued for trust preferred securities conversions		529,292
Cash dividend declared (in dollars per share)	$ 0.46	$ 0.46

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income	$ 18,816	$ 18,012
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,200	1,750
Depreciation and amortization of premises and equipment	1,897	1,900
Net (accretion) and other amortization	(1,444)	(3,949)
Net amortization on securities	2,507	3,291
Increase in cash surrender value of bank owned life insurance	(1,101)	(1,127)
Amortization of intangible assets	488	553
Share based compensation expense	1,787	1,324
Net securities losses	7,921
Decrease in accrued interest receivable	27	504
Small Business Administration ("SBA") loans originated for sale	(19,446)	(14,483)
Proceeds from sale of the guaranteed portion of SBA loans	14,417	16,123
Gain on sale of the guaranteed portion of SBA loans	(1,062)	(1,342)
Gain on sale of loans	(322)
Decrease (increase) in other assets	279	(2,203)
Increase in accrued expenses and other liabilities	2,929	3,636
Net cash provided by operating activities	28,893	23,989
Cash flows from investing activities:
Purchases of securities available for sale	(194,835)	(73,916)
Purchases of securities, restricted	(481,422)	(303,890)
Purchases of securities held to maturity	(1,000)	(2,031)
Proceeds from sales of securities available for sale	230,372
Redemption of securities, restricted	490,024	299,814
Maturities, calls and principal payments of securities available for sale	50,431	59,170
Maturities, calls and principal payments of securities held to maturity	11,696	20,756
Net increase in loans	(118,281)	(192,825)
Proceeds from loan sale	40,133
Purchase of premises and equipment	(4,435)	(1,685)
Net cash provided by (used in) investing activities	22,683	(194,607)
Cash flows from financing activities:
Net increase in deposits	218,676	133,646
Net decrease in federal funds purchased	(50,000)	(50,000)
Net (decrease) increase in Federal Home Loan Bank advances	(200,427)	67,479
Repayment of junior subordinated debentures		(352)
Net increase in repurchase agreements	560	57
Net proceeds from issuance of common stock	468	469
Repurchase of surrendered stock from vesting of restricted stock awards	(552)	(264)
Cash dividends paid	(9,157)	(9,103)
Net cash (used in) provided by financing activities	(40,432)	141,932
Net increase (decrease) in cash and cash equivalents	11,144	(28,686)
Cash and cash equivalents at beginning of period	94,747	113,838
Cash and cash equivalents at end of period	105,891	85,152
Cash paid for:
Interest	14,382	10,498
Income taxes	2,471	165
Non-cash investing and financing activities:
Conversion of junior subordinated debentures		$ 15,350
Transfers from portfolio loans to other real estate owned	$ 175

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 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 . 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 six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2018 and 2017: Three Months Ended Six Months Ended June 30, June 30, ( In thousands, except per share data 2018 2017 2018 2017 Net income $ 6,743 $ 8,841 $ 18,816 $ 18,012 Dividends paid on and earnings allocated to participating securities (148 ) (182 ) (405 ) (360 ) Income attributable to common stock $ 6,595 $ 8,659 $ 18,411 $ 17,652 Weighted average common shares outstanding, including participating securities 19,884 19,781 19,859 19,725 Weighted average participating securities (445 ) (410 ) (433 ) (401 ) Weighted average common shares outstanding 19,439 19,371 19,426 19,324 Basic earnings per common share $ 0.34 $ 0.45 $ 0.95 $ 0.91 Income attributable to common stock $ 6,595 $ 8,659 $ 18,411 $ 17,652 Impact of assumed conversions - interest on 8.5% trust preferred securities - - - 32 Income attributable to common stock including assumed conversions $ 6,595 $ 8,659 $ 18,411 $ 17,684 Weighted average common shares outstanding 19,439 19,371 19,426 19,324 Incremental shares from assumed conversions of options and restricted stock units 29 23 27 20 Incremental shares from assumed conversions of 8.5% trust preferred securities - - - 35 Weighted average common and equivalent shares outstanding 19,468 19,394 19,453 19,379 Diluted earnings per common share $ 0.34 $ 0.45 $ 0.95 $ 0.91 There were 47,393 stock options outstanding at June 30, 2018 that were not included in the computation of diluted earnings per share for the three and six months ended June 30, 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 June 30, 2017. There were no restricted stock units that were antidilutive for the three months ended June 30, 2018 and 2017. There were zero and 20,084 restricted stock units that were antidilutive for the six months ended June 30, 2018 and 2017, respectively. The $15.7 million in trust preferred securities outstanding at December 31, 2016 were redeemed effective January 18, 2017 and therefore were not included in the computation of diluted earnings per share for the three months ended June 30, 2017, but were dilutive for the six months ended June 30, 2017 and therefore were included in the computation of diluted earnings per share for that period.

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS	6 Months Ended
	Jun. 30, 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, 273,585 shares remain available for issuance at June 30, 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 six months ended June 30, 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 six months ended June 30, 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 six months ended June 30, 2017. Compensation expense attributable to stock options was $26 thousand and $39 thousand for the three and six months ended June 30, 2018, respectively. There was no compensation expense attributable to stock options for the six months ended June 30, 2017 because there were no stock options outstanding as of June 30, 2017 and December 31, 2016. As of June 30, 2018, there was $270 thousand of total unrecognized compensation cost related to unvested stock options. The cost is expected to be recognized over a weighted-average period of 2.6 years. The following table summarizes the status of the Company’s stock options as of and for the six months ended June 30, 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, June 30, 2018 47,393 $ 36.19 9.6 years $ - Vested and Exercisable, June 30, 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 six months ended June 30, 2018: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2018 317,692 $ 27.16 Granted 82,982 33.00 Vested (58,233 ) 23.90 Forfeited (3,766 ) 30.48 Unvested, June 30, 2018 338,675 $ 29.12 During the six months ended June 30, 2018, the Company granted a total of 82,982 RSAs. Of the 82,982 RSAs granted, 44,750 time-vested RSAs vest ratably over five years, 13,115 time-vested RSAs vest ratably over three years, and 25,117 performance-based RSAs vest ratably over two years, subject to the achievement of the Company’s 2018 corporate goals. As of June 30, 2018, there were 338,675 unvested RSAs consisting of 314,175 time-vested RSAs and 24,500 performance-based RSAs. Compensation expense attributable to RSAs was $717 thousand and $1.3 million for the three and six months ended June 30, 2018, respectively, and $503 thousand and $916 thousand for the three and six months ended June 30, 2017, respectively. As of June 30, 2018, there was $6.4 million of total unrecognized compensation cost related to non-vested RSAs. The cost is expected to be recognized over a weighted-average period of 3.5 years. Restricted Stock Units Long Term Incentive Plan An RSU is an award that is denominated in shares of the Company’s common stock on the date of grant and is similar to an RSA award, except no shares of the Company’s common stock are actually issued to the award recipient on the date of grant of an RSU. RSUs are subject to a time-based vesting schedule or the satisfaction of performance conditions, and are settled in shares of the Company’s common stock. RSUs do not provide voting rights and RSUs may provide dividend equivalent rights from the date of grant. During the six months ended June 30, 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 six months ended June 30, 2018: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2018 68,776 $ 24.46 Granted 21,693 33.23 Reinvested dividends 987 26.01 Forfeited (13,333 ) 21.85 Unvested, June 30, 2018 78,123 $ 27.36 Compensation expense attributable to LTI Plan RSUs was $119 thousand and $220 thousand for the three and six months ended June 30, 2018, respectively, and $79 thousand and $148 thousand in connection with these awards for the three and six months ended June 30, 2017, respectively. As of June 30, 2018, there was $1.5 million of total unrecognized compensation cost related to non-vested RSUs. The cost is expected to be recognized over a weighted-average period of 3.5 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 $140 thousand and $275 thousand in connection with these RSUs for the three and six months ended June 30, 2018, respectively, and $132 thousand and $260 thousand for the three and six months ended June 30, 2017, respectively.

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017 and the corresponding amounts of unrealized gains and losses therein: June 30, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 29,996 $ - $ (1,258 ) $ 28,738 State and municipal obligations 38,423 50 (525 ) 37,948 U.S. GSE residential mortgage-backed securities 101,884 - (3,688 ) 98,196 U.S. GSE residential collateralized mortgage obligations 340,978 6 (8,937 ) 332,047 U.S. GSE commercial mortgage-backed securities 3,584 - (67 ) 3,517 U.S. GSE commercial collateralized mortgage obligations 94,845 - (2,438 ) 92,407 Other asset backed securities 24,250 - (727 ) 23,523 Corporate bonds 46,000 - (3,300 ) 42,700 Total available for sale 679,960 56 (20,940 ) 659,076 Held to maturity: State and municipal obligations 57,350 497 (481 ) 57,366 U.S. GSE residential mortgage-backed securities 10,441 - (451 ) 9,990 U.S. GSE residential collateralized mortgage obligations 51,026 81 (1,318 ) 49,789 U.S. GSE commercial mortgage-backed securities 20,626 - (897 ) 19,729 U.S. GSE commercial collateralized mortgage obligations 30,274 - (1,542 ) 28,732 Total held to maturity 169,717 578 (4,689 ) 165,606 Total securities $ 849,677 $ 634 $ (25,629 ) $ 824,682 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 June 30, 2018 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 8,029 $ 8,016 One to five years 24,616 24,104 Five to ten years 90,038 85,462 Beyond ten years 557,277 541,494 Total $ 679,960 $ 659,076 Held to maturity: Within one year $ 3,377 $ 3,376 One to five years 30,563 30,374 Five to ten years 51,321 50,491 Beyond ten years 84,456 81,365 Total $ 169,717 $ 165,606 The following tables summarize securities with gross unrealized losses at June 30, 2018 and December 31, 2017, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position: June 30, 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 $ - $ - $ 28,739 $ (1,258 ) State and municipal obligations 22,612 (318 ) 10,404 (207 ) U.S. GSE residential mortgage-backed securities 39,156 (1,267 ) 59,040 (2,421 ) U.S. GSE residential collateralized mortgage obligations 189,200 (2,329 ) 132,871 (6,608 ) U.S. GSE commercial mortgage-backed securities 3,518 (67 ) - - U.S. GSE commercial collateralized mortgage obligations 47,103 (326 ) 45,304 (2,112 ) Other asset backed securities - - 23,523 (727 ) Corporate bonds 12,930 (1,069 ) 29,769 (2,231 ) Total available for sale 314,519 (5,376 ) 329,650 (15,564 ) Held to maturity: State and municipal obligations 28,822 (437 ) 2,396 (44 ) U.S. GSE residential mortgage-backed securities 1,205 (35 ) 8,784 (416 ) U.S. GSE residential collateralized mortgage obligations 23,685 (492 ) 19,392 (826 ) U.S. GSE commercial mortgage-backed securities 11,857 (388 ) 7,871 (509 ) U.S. GSE commercial collateralized mortgage obligations 9,489 (400 ) 19,244 (1,142 ) Total held to maturity $ 75,058 $ (1,752 ) $ 57,687 $ (2,937 ) 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 June 30, 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. generally views changes in fair value caused by changes in interest rates as temporary, which is consistent with its experience. Other asset backed securities are comprised of student loan backed bonds which are guaranteed by the U.S. Department of Education for 97% to 100% of principal. Additionally, the bonds have credit support of 3% to 5% and have maintained their Aa3 Moody’s rating during the time the Bank has owned them. The corporate bonds within the portfolio have all maintained an investment grade rating by either Moody’s or Standard and Poor’s. None of the unrealized losses is related to credit losses. The Company does not have the intent to sell these securities and it is more likely than not that it will not be required to sell the securities before their anticipated recovery. Therefore, the Company does not consider these securities to be other-than-temporarily impaired at June 30, 2018 Sales and Calls of Securities There were $230.4 million of proceeds from sales of securities with gross losses of $7.9 million realized for the three and six months ended June 30, 2018. There were no proceeds from sales of securities for the three and six months ended June 30, 2017. There were $0.9 million and $1.9 million of proceeds from calls of securities for the three and six months ended June 30, 2018, respectively. There were no proceeds from calls of securities for the three and six months ended June 30, 2017. Pledged Securities Securities having a fair value of $366.4 million and $513.5 million at June 30, 2018 and December 31, 2017 Trading Securities The Company did not hold any trading securities during the six months ended June 30, 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 $26.7 million and $35.3 million in FHLB, ACBB and FRB stock at June 30, 2018 and December 31, 2017, respectively. These amounts were reported as restricted securities in the consolidated balance sheets.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 28,738 $ 28,738 State and municipal obligations 37,948 37,948 U.S. GSE residential mortgage-backed securities 98,196 98,196 U.S. GSE residential collateralized mortgage obligations 332,047 332,047 U.S. GSE commercial mortgage-backed securities 3,517 3,517 U.S. GSE commercial collateralized mortgage obligations 92,407 92,407 Other asset backed securities 23,523 23,523 Corporate bonds 42,700 42,700 Total available for sale securities $ 659,076 $ 659,076 Derivatives $ 8,743 $ 8,743 Financial liabilities: Derivatives $ 2,451 $ 2,451 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: June 30, 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 $ - $ - There were no impaired loans with an allocated allowance for loan losses at June 30, 2018. 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 June 30, 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 June 30, 2018 and December 31, 2017: June 30, 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 $ 74,255 $ 74,255 $ — $ — $ 74,255 Interest earning deposits with banks 31,636 31,636 — — 31,636 Securities available for sale 659,076 — 659,076 — 659,076 Securities restricted 26,747 n/a n/a n/a n/a Securities held to maturity 169,717 — 165,606 — 165,606 Loans held for sale 6,338 — 6,852 — 6,852 Loans, net 3,149,024 — — 3,129,139 3,129,139 Derivatives 8,743 — 8,743 — 8,743 Accrued interest receivable 11,625 — 2,881 8,744 11,625 Financial liabilities: Certificates of deposit 326,219 — 323,551 — 323,551 Demand and other deposits 3,226,978 3,226,978 — — 3,226,978 Federal Home Loan Bank advances 300,863 10,000 284,531 — 294,531 Repurchase agreements 1,437 — 1,437 — 1,437 Subordinated debentures 78,711 — 74,913 — 74,913 Derivatives 2,451 — 2,451 — 2,451 Accrued interest payable 1,639 — 1,639 — 1,639 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	6 Months Ended
	Jun. 30, 2018
LOANS
LOANS	6. LOANS The following table sets forth the major classifications of loans: ( In thousands June 30, 2018 December 31, 2017 Commercial real estate mortgage loans $ 1,327,947 $ 1,293,906 Multi-family mortgage loans 570,670 595,280 Residential real estate mortgage loans 510,303 464,264 Commercial, industrial and agricultural loans 629,906 616,003 Real estate construction and land loans 116,899 107,759 Installment/consumer loans 20,051 21,041 Total loans 3,175,776 3,098,253 Net deferred loan costs and fees 4,900 4,499 Total loans held for investment 3,180,676 3,102,752 Allowance for loan losses (31,652 ) (31,707 ) Loans, net $ 3,149,024 $ 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 $303.8 million and $359.4 million of acquired CNB loans remaining as of June 30, 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 $13.2 million and $15.4 million of acquired FNBNY loans remaining as of June 30, 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 June 30, 2018 and December 31, 2017: June 30, 2018 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 464,708 $ 835 $ 18,109 $ - $ 483,652 Non-owner occupied 841,338 - 2,957 - 844,295 Multi-family 570,670 - - - 570,670 Residential real estate: Residential mortgage 432,515 8,558 861 - 441,934 Home equity 66,433 1,235 701 - 68,369 Commercial and industrial: Secured 95,758 10,386 13,309 - 119,453 Unsecured 491,851 12,422 6,180 - 510,453 Real estate construction and land loans 116,588 - 311 - 116,899 Installment/consumer loans 20,039 12 - 20,051 Total loans $ 3,099,900 $ 33,448 $ 42,428 $ - $ 3,175,776 At June 30, 2018, there were $0.4 million and $0.8 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 June 30, 2018 and December 31, 2017 by class of loans, as defined by FASB ASC 310-10: June 30, 2018 ( In thousands 30-59 Days Past Due 60-89 Days Past Due ≥90 Days Past Due and Accruing Nonaccrual Including 90 Days or More Past Due Total Past Due and Nonaccrual Current Total Loans Commercial real estate: Owner occupied $ 532 $ - $ - $ 382 $ 914 $ 482,738 $ 483,652 Non-owner occupied 415 - - - 415 843,880 844,295 Multi-family - - - - - 570,670 570,670 Residential real estate: Residential mortgages 1,231 - 619 41 1,891 440,043 441,934 Home equity 458 557 289 161 1,465 66,904 68,369 Commercial and industrial: Secured 141 41 26 573 781 118,672 119,453 Unsecured 990 - - 274 1,264 509,189 510,453 Real estate construction and land loans - - - 152 152 116,747 116,899 Installment/consumer loans 1 25 - 16 42 20,009 20,051 Total loans $ 3,768 $ 623 $ 934 $ 1,599 $ 6,924 $ 3,168,852 $ 3,175,776 December 31, 2017 ( In thousands 30-59 Days Past Due 60-89 Days Past Due ≥90 Days Past Due and Accruing Nonaccrual Including 90 Days or More Past Due Total Past Due and Nonaccrual 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 $1.3 million and $2.4 million of acquired loans that were 30-89 days past due at June 30, 2018 and December 31, 2017, respectively. Impaired Loans At June 30, 2018 and December 31, 2017, the Company had individually impaired loans as defined by FASB ASC No. 310, “Receivables” of $15.3 million and $22.5 million, respectively. The decrease in impaired loans was attributable to the payoff of certain troubled debt restructurings ("TDRs”), partially offset by new TDRs during the six months ended June 30, 2018, coupled with a decrease in non-accrual loans due to the charge-off of one loan and sales and payoffs. During the six months ended June 30, 2018, the Bank modified certain commercial and industrial TDRs totaling $6.8 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 June 30, 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 and six months ended June 30, 2018 and 2017: June 30, 2018 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 (In thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 287 $ 289 $ - $ 184 $ - $ 92 $ - Non-owner occupied 1,162 1,162 - 1,163 7 1,168 8 Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured 8,685 9,332 - 8,702 58 8,723 114 Unsecured 5,166 5,166 - 5,178 39 5,055 76 Total with no related allowance recorded $ 15,300 $ 15,949 $ - $ 15,227 $ 104 $ 15,038 $ 198 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - $ - $ - Non-owner occupied - - - - - - - Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured - - - - - - - Unsecured - - - - - - - Total with an allowance recorded $ - $ - $ - $ - $ - $ - $ - Total: Commercial real estate: Owner occupied $ 287 $ 289 $ - $ 184 $ - $ 92 $ - Non-owner occupied 1,162 1,162 - 1,163 7 1,168 8 Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured 8,685 9,332 - 8,702 58 8,723 114 Unsecured 5,166 5,166 - 5,178 39 5,055 76 Total $ 15,300 $ 15,949 $ - $ 15,227 $ 104 $ 15,038 $ 198 December 31, 2017 Three Months Ended June 30, 2017 Six Months Ended (In thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 9,089 9,089 - 8,944 101 5,075 198 Residential real estate: Residential mortgages - - - 535 - 498 - Home equity 100 100 - 260 3 261 3 Commercial and industrial: Secured 7,368 8,013 - 1,491 53 1,015 61 Unsecured 2,154 2,408 - 400 3 396 8 Total with no related allowance recorded $ 20,784 $ 21,683 $ - $ 11,932 $ 163 $ 7,554 $ 275 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - $ - $ - Non-owner occupied - - - - - - - Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured - - - 405 - 203 - Unsecured 1,708 3,235 1,708 58 - 29 1 Total with an allowance recorded $ 1,708 $ 3,235 $ 1,708 $ 463 $ - $ 232 $ 1 Total: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 9,089 9,089 - 8,944 101 5,075 198 Residential real estate: Residential mortgages - - - 535 - 498 - Home equity 100 100 - 260 3 261 3 Commercial and industrial: Secured 7,368 8,013 - 1,896 53 1,218 61 Unsecured 3,862 5,643 1,708 458 3 425 9 Total $ 22,492 $ 24,918 $ 1,708 $ 12,395 $ 163 $ 7,786 $ 276 The Bank had one other real estate owned, consisting of $0.2 million at June 30, 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 six months ended June 30, 2018, the Bank modified eight commercial and industrial loans totaling $6.8 million as TDRs compared to two commercial real estate mortgage loans totaling $7.8 million and certain taxi medallion loans totaling $2.8 million as TDR’s for the six months ended June 30, 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 six months ended June 30, 2018, 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. During the six months ended June 30, 2017, and there were two loans modified as TDRs for which there was a payment default within twelve months following the modification. As of June 30, 2018 and December 31, 2017, the Company had $70 thousand and $5 thousand, respectively, of nonaccrual TDRs and $15.5 million and $16.7 million, respectively, of performing TDRs. At June 30, 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 six months ended June 30, 2018 that did not meet the definition of a TDR. These loans have a total recorded investment at June 30, 2018 of $25.3 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 June 30, 2018, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $2.6 million and $1.4 million, respectively, with a remaining non-accretable difference of $0.6 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 June 30, 2018, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $1.4 million and $0.1 million, respectively, with a remaining non-accretable difference of $0.8 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 Six Months Ended June 30, June 30, (In thousands) 2018 2017 2018 2017 Balance at beginning of period $ 957 $ 5,333 $ 2,151 $ 6,915 Accretion (269 ) (1,046 ) (1,302 ) (2,903 ) Reclassification from (to) nonaccretable difference during the period 424 (321 ) 263 (46 ) Accretable discount at end of period $ 1,112 $ 3,966 $ 1,112 $ 3,966

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2018
Allowance For Loan Losses Disclosure [Abstract]
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 June 30, 2018 and December 31, 2017. The tables include loans acquired from CNB and FNBNY. June 30, 2018 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 11,206 2,466 4,237 12,358 1,263 122 31,652 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Loans: Individually evaluated for impairment $ 1,449 $ - $ - $ 13,851 $ - $ - $ 15,300 Collectively evaluated for impairment 1,326,498 570,067 509,693 615,808 116,899 20,051 3,159,016 Loans acquired with deteriorated credit quality - 603 610 247 - - 1,460 Total loans $ 1,327,947 $ 570,670 $ 510,303 $ 629,906 $ 116,899 $ 20,051 $ 3,175,776 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 and six months ended June 30, 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 June 30, 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 $ 11,334 $ 3,002 $ 3,495 $ 14,055 $ 821 $ 105 $ 32,812 Charge-offs - - (24 ) (1,708 ) - - (1,732 ) Recoveries - - - 171 - 1 172 Provision (128 ) (536 ) 766 (160 ) 442 16 400 Ending balance $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Three Months Ended June 30, 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 $ 8,357 $ 6,480 $ 1,415 $ 9,198 $ 1,058 $ 110 $ 26,618 Charge-offs - - - (33 ) - - (33 ) Recoveries - - 1 8 - - 9 Provision 2,222 (1,634 ) 70 797 (481 ) (24 ) 950 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 Six Months Ended June 30, 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 - - (24 ) (1,708 ) - - (1,732 ) Recoveries - - 1 475 - 1 477 Provision 158 (2,055 ) 1,822 753 523 (1 ) 1,200 Ending balance $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Six Months Ended June 30, 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 - - - (128 ) - - (128 ) Recoveries - - 2 15 - 1 18 Provision 1,354 (1,418 ) (11 ) 2,246 (378 ) (43 ) 1,750 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544

PENSION AND POSTRETIREMENT PLAN

PENSION AND POSTRETIREMENT PLANS	6 Months Ended
	Jun. 30, 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 measurement date for this plan in accordance with FASB ASC 715-30 “Compensation – Retirement Benefits – Defined Benefit Plans – Pension.” During 2012, the Company amended the pension plan by revising the formula for determining benefits effective January 1, 2013, except for certain grandfathered employees. 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 six months ended June 30, 2018 and $2.2 million of contributions to the pension plan during the six months ended June 30, 2017 There were no contributions to the SERP during the six months ended June 30, 2018 and 2017, respectively In accordance with the SERP, a retired executive received a distribution from the plan totaling $56 thousand during the six months ended June 30, 2018 , respectively. The Company’s funding policy with respect to its benefit plans is to contribute at least the minimum amounts required by applicable laws and regulations. As described in Note 14. Recent Accounting Pronouncements, during the first quarter of 2018, the Company adopted 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 June 30, Six Months Ended June 30, Pension Benefits SERP Benefits Pension Benefits SERP Benefits (In thousands) 2018 2017 2018 2017 2018 2017 2018 2017 Service cost $ 325 $ 292 $ 72 $ 52 $ 650 $ 585 $ 145 $ 105 Interest cost 198 186 31 26 395 370 63 52 Expected return on plan assets (625 ) (520 ) - - (1,250 ) (1,040 ) - - Amortization of net loss 82 112 31 13 165 225 61 26 Amortization of prior service credit (19 ) (19 ) - - (38 ) (38 ) - - Amortization of transition obligation - - 1 7 - - 2 14 Net periodic benefit (credit) cost $ (39 ) $ 51 $ 135 $ 98 $ (78 ) $ 102 $ 271 $ 197

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	6 Months Ended
	Jun. 30, 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 $1.4 million at June 30, 2018 and $0.9 million at December 31, 2017. The repurchase agreements were collateralized by investment securities, of which 18% were U.S. GSE residential collateralized mortgage obligations and 82% were U.S. GSE residential mortgage-backed securities with a carrying amount of $2.4 million at June 30, 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 $1.4 million maturing during the third 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	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017: June 30, 2018 ( Dollars in thousands Contractual Maturity Amount Weighted Overnight $ 10,000 2.08 % 2018 290,000 2.22 % 2019 863 0.81 % 290,863 2.22 % Total FHLB advances $ 300,863 2.21 % December 31, 2017 ( Dollars in thousands Contractual Maturity Amount Weighted 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 June 30, 2018 June 30, 2018

BORROWED FUNDS

BORROWED FUNDS	6 Months Ended
	Jun. 30, 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 June 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2018 and December 31, 2017: ( Dollars in thousands June 30, 2018 December 31, 2017 Notional amounts $ 290,000 $ 290,000 Weighted average pay rates 1.78 % 1.78 % Weighted average receive rates 2.33 % 1.61 % Weighted average maturity 2.14 years 2.64 years Interest income recorded on these swap transactions totaled $344 thousand and $279 thousand for the three and six months ended June 30, 2018 and $459 thousand and $734 thousand for the three and six months ended 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 six months ended June 30, 2018, the Company had $279 thousand of reclassifications as a reduction to interest expense. During the next twelve months, the Company estimates that $1.9 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 and six months ended June 30, 2018 and 2017: Amount of loss Amount of gain (loss) Amount of gain (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 June 30, 2018 $ 1,020 $ 344 $ - Six months ended June 30, 2018 $ 3,847 $ 279 $ - Three months ended June 30, 2017 $ (1,385 ) $ (459 ) $ - Six months ended June 30, 2017 $ (1,360 ) $ (734 ) $ - The following table reflects the cash flow hedges included in the Consolidated Balance Sheets at the dates indicated: June 30, 2018 December 31, 2017 Fair Fair Fair Fair ( In thousands Notional Value Value Notional Value Value Included in other assets/(liabilities): Amount Asset Liability Amount Asset Liability Interest rate swaps related to FHLB advances $ 290,000 $ 6,324 $ (32 ) $ 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 June 30, 2018 and December 31, 2017: ( Dollars in thousands June 30, 2018 December 31, 2017 Notional amounts $ 174,997 $ 147,967 Weighted average pay rates 4.32 % 3.96 % Weighted average receive rates 4.32 % 3.96 % Weighted average maturity 11.92 years 12.37 years Fair value of combined interest rate swaps $ - $ - Credit-Risk-Related Contingent Features As of June 30, 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 $8.5 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 June 30, 2018, the Company received collateral of $8.3 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 June 30, 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	6 Months Ended
	Jun. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
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 Six Months Ended (In thousands) June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Unrealized holding (losses) gains on available for sale securities $ (4,231 ) $ 2,595 $ (12,818 ) $ 4,211 Reclassification adjustment for losses realized in income 7,921 - 7,921 - Income tax effect (1,074 ) (1,062 ) 1,425 (1,668 ) Net change in unrealized gains (losses) on available for sale securities 2,616 1,533 (3,472 ) 2,543 Reclassification adjustment for amortization realized in income 95 113 190 227 Income tax effect (27 ) (47 ) (55 ) (64 ) Net change in post-retirement obligation 68 66 135 163 Change in fair value of derivatives used for cash flow hedges 1,020 (1,385 ) 3,847 (1,360 ) Reclassification adjustment for (gains) losses realized in income (344 ) 459 (279 ) 734 Income tax effect (197 ) 379 (1,038 ) 253 Net change in unrealized gain (loss) on cash flow hedges 479 (547 ) 2,530 (373 ) Other comprehensive income (loss) $ 3,163 $ 1,052 $ (807 ) $ 2,333 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 June 30, 2018 Unrealized losses on available for sale securities $ (11,337 ) $ (3,472 ) $ (14,809 ) Unrealized (losses) gain on pension benefits (5,533 ) 135 (5,398 ) Unrealized gains on cash flow hedges 1,931 2,530 4,461 Accumulated other comprehensive loss, net of income taxes $ (14,939 ) $ (807 ) $ (15,746 ) The following represents the reclassifications out of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2018 and 2017: Three Months Ended Six Months Ended Affected Line Item June 30, June 30, June 30, June 30, in the Consolidated ( In thousands 2018 2017 2018 2017 Statements of Income Realized losses on sale of available for sale securities $ (7,921 ) $ - $ (7,921 ) $ - Net securities losses Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 19 19 38 38 Other operating expenses Transition obligation (1 ) (7 ) (2 ) (14 ) Other operating expenses Actuarial losses (113 ) (125 ) (226 ) (251 ) Other operating expenses Realized gains (losses) on cash flow hedges 344 (459 ) 279 (734 ) Interest expense Total reclassifications, before income tax $ (7,672 ) $ (572 ) $ (7,832 ) $ (961 ) Income tax benefit 2,231 234 2,278 393 Income tax expense Total reclassifications, net of income tax $ (5,441 ) $ (338 ) $ (5,554 ) $ (568 )

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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)	6 Months Ended
	Jun. 30, 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 . 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 six months ended June 30, 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 six months ended June 30, 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)	6 Months Ended
	Jun. 30, 2018
EARNINGS PER SHARE
Schedule of computation of EPS	Three Months Ended Six Months Ended June 30, June 30, ( In thousands, except per share data 2018 2017 2018 2017 Net income $ 6,743 $ 8,841 $ 18,816 $ 18,012 Dividends paid on and earnings allocated to participating securities (148 ) (182 ) (405 ) (360 ) Income attributable to common stock $ 6,595 $ 8,659 $ 18,411 $ 17,652 Weighted average common shares outstanding, including participating securities 19,884 19,781 19,859 19,725 Weighted average participating securities (445 ) (410 ) (433 ) (401 ) Weighted average common shares outstanding 19,439 19,371 19,426 19,324 Basic earnings per common share $ 0.34 $ 0.45 $ 0.95 $ 0.91 Income attributable to common stock $ 6,595 $ 8,659 $ 18,411 $ 17,652 Impact of assumed conversions - interest on 8.5% trust preferred securities - - - 32 Income attributable to common stock including assumed conversions $ 6,595 $ 8,659 $ 18,411 $ 17,684 Weighted average common shares outstanding 19,439 19,371 19,426 19,324 Incremental shares from assumed conversions of options and restricted stock units 29 23 27 20 Incremental shares from assumed conversions of 8.5% trust preferred securities - - - 35 Weighted average common and equivalent shares outstanding 19,468 19,394 19,453 19,379 Diluted earnings per common share $ 0.34 $ 0.45 $ 0.95 $ 0.91

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS (Tables)	6 Months Ended
	Jun. 30, 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, June 30, 2018 47,393 $ 36.19 9.6 years $ - Vested and Exercisable, June 30, 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 82,982 33.00 Vested (58,233 ) 23.90 Forfeited (3,766 ) 30.48 Unvested, June 30, 2018 338,675 $ 29.12
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 987 26.01 Forfeited (13,333 ) 21.85 Unvested, June 30, 2018 78,123 $ 27.36

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2018
SECURITIES
Schedule of amortized cost and fair value of the available for sale and held to maturity	June 30, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 29,996 $ - $ (1,258 ) $ 28,738 State and municipal obligations 38,423 50 (525 ) 37,948 U.S. GSE residential mortgage-backed securities 101,884 - (3,688 ) 98,196 U.S. GSE residential collateralized mortgage obligations 340,978 6 (8,937 ) 332,047 U.S. GSE commercial mortgage-backed securities 3,584 - (67 ) 3,517 U.S. GSE commercial collateralized mortgage obligations 94,845 - (2,438 ) 92,407 Other asset backed securities 24,250 - (727 ) 23,523 Corporate bonds 46,000 - (3,300 ) 42,700 Total available for sale 679,960 56 (20,940 ) 659,076 Held to maturity: State and municipal obligations 57,350 497 (481 ) 57,366 U.S. GSE residential mortgage-backed securities 10,441 - (451 ) 9,990 U.S. GSE residential collateralized mortgage obligations 51,026 81 (1,318 ) 49,789 U.S. GSE commercial mortgage-backed securities 20,626 - (897 ) 19,729 U.S. GSE commercial collateralized mortgage obligations 30,274 - (1,542 ) 28,732 Total held to maturity 169,717 578 (4,689 ) 165,606 Total securities $ 849,677 $ 634 $ (25,629 ) $ 824,682 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	June 30, 2018 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 8,029 $ 8,016 One to five years 24,616 24,104 Five to ten years 90,038 85,462 Beyond ten years 557,277 541,494 Total $ 679,960 $ 659,076 Held to maturity: Within one year $ 3,377 $ 3,376 One to five years 30,563 30,374 Five to ten years 51,321 50,491 Beyond ten years 84,456 81,365 Total $ 169,717 $ 165,606
Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months	June 30, 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 $ - $ - $ 28,739 $ (1,258 ) State and municipal obligations 22,612 (318 ) 10,404 (207 ) U.S. GSE residential mortgage-backed securities 39,156 (1,267 ) 59,040 (2,421 ) U.S. GSE residential collateralized mortgage obligations 189,200 (2,329 ) 132,871 (6,608 ) U.S. GSE commercial mortgage-backed securities 3,518 (67 ) - - U.S. GSE commercial collateralized mortgage obligations 47,103 (326 ) 45,304 (2,112 ) Other asset backed securities - - 23,523 (727 ) Corporate bonds 12,930 (1,069 ) 29,769 (2,231 ) Total available for sale 314,519 (5,376 ) 329,650 (15,564 ) Held to maturity: State and municipal obligations 28,822 (437 ) 2,396 (44 ) U.S. GSE residential mortgage-backed securities 1,205 (35 ) 8,784 (416 ) U.S. GSE residential collateralized mortgage obligations 23,685 (492 ) 19,392 (826 ) U.S. GSE commercial mortgage-backed securities 11,857 (388 ) 7,871 (509 ) U.S. GSE commercial collateralized mortgage obligations 9,489 (400 ) 19,244 (1,142 ) Total held to maturity $ 75,058 $ (1,752 ) $ 57,687 $ (2,937 ) 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)	6 Months Ended
	Jun. 30, 2018
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of assets and liabilities measured on a recurring basis	June 30, 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 $ 28,738 $ 28,738 State and municipal obligations 37,948 37,948 U.S. GSE residential mortgage-backed securities 98,196 98,196 U.S. GSE residential collateralized mortgage obligations 332,047 332,047 U.S. GSE commercial mortgage-backed securities 3,517 3,517 U.S. GSE commercial collateralized mortgage obligations 92,407 92,407 Other asset backed securities 23,523 23,523 Corporate bonds 42,700 42,700 Total available for sale securities $ 659,076 $ 659,076 Derivatives $ 8,743 $ 8,743 Financial liabilities: Derivatives $ 2,451 $ 2,451 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	June 30, 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	June 30, 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 $ 74,255 $ 74,255 $ — $ — $ 74,255 Interest earning deposits with banks 31,636 31,636 — — 31,636 Securities available for sale 659,076 — 659,076 — 659,076 Securities restricted 26,747 n/a n/a n/a n/a Securities held to maturity 169,717 — 165,606 — 165,606 Loans held for sale 6,338 — 6,852 — 6,852 Loans, net 3,149,024 — — 3,129,139 3,129,139 Derivatives 8,743 — 8,743 — 8,743 Accrued interest receivable 11,625 — 2,881 8,744 11,625 Financial liabilities: Certificates of deposit 326,219 — 323,551 — 323,551 Demand and other deposits 3,226,978 3,226,978 — — 3,226,978 Federal Home Loan Bank advances 300,863 10,000 284,531 — 294,531 Repurchase agreements 1,437 — 1,437 — 1,437 Subordinated debentures 78,711 — 74,913 — 74,913 Derivatives 2,451 — 2,451 — 2,451 Accrued interest payable 1,639 — 1,639 — 1,639 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)	6 Months Ended
	Jun. 30, 2018
LOANS
Schedule of the major classifications of loans	( In thousands June 30, 2018 December 31, 2017 Commercial real estate mortgage loans $ 1,327,947 $ 1,293,906 Multi-family mortgage loans 570,670 595,280 Residential real estate mortgage loans 510,303 464,264 Commercial, industrial and agricultural loans 629,906 616,003 Real estate construction and land loans 116,899 107,759 Installment/consumer loans 20,051 21,041 Total loans 3,175,776 3,098,253 Net deferred loan costs and fees 4,900 4,499 Total loans held for investment 3,180,676 3,102,752 Allowance for loan losses (31,652 ) (31,707 ) Loans, net $ 3,149,024 $ 3,071,045
Schedule of loans by class categorized by internally assigned credit risk grades	June 30, 2018 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 464,708 $ 835 $ 18,109 $ - $ 483,652 Non-owner occupied 841,338 - 2,957 - 844,295 Multi-family 570,670 - - - 570,670 Residential real estate: Residential mortgage 432,515 8,558 861 - 441,934 Home equity 66,433 1,235 701 - 68,369 Commercial and industrial: Secured 95,758 10,386 13,309 - 119,453 Unsecured 491,851 12,422 6,180 - 510,453 Real estate construction and land loans 116,588 - 311 - 116,899 Installment/consumer loans 20,039 12 - 20,051 Total loans $ 3,099,900 $ 33,448 $ 42,428 $ - $ 3,175,776 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	June 30, 2018 ( In thousands 30-59 Days Past Due 60-89 Days Past Due ≥90 Days Past Due and Accruing Nonaccrual Including 90 Days or More Past Due Total Past Due and Nonaccrual Current Total Loans Commercial real estate: Owner occupied $ 532 $ - $ - $ 382 $ 914 $ 482,738 $ 483,652 Non-owner occupied 415 - - - 415 843,880 844,295 Multi-family - - - - - 570,670 570,670 Residential real estate: Residential mortgages 1,231 - 619 41 1,891 440,043 441,934 Home equity 458 557 289 161 1,465 66,904 68,369 Commercial and industrial: Secured 141 41 26 573 781 118,672 119,453 Unsecured 990 - - 274 1,264 509,189 510,453 Real estate construction and land loans - - - 152 152 116,747 116,899 Installment/consumer loans 1 25 - 16 42 20,009 20,051 Total loans $ 3,768 $ 623 $ 934 $ 1,599 $ 6,924 $ 3,168,852 $ 3,175,776 December 31, 2017 ( In thousands 30-59 Days Past Due 60-89 Days Past Due ≥90 Days Past Due and Accruing Nonaccrual Including 90 Days or More Past Due Total Past Due and Nonaccrual 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	June 30, 2018 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 (In thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 287 $ 289 $ - $ 184 $ - $ 92 $ - Non-owner occupied 1,162 1,162 - 1,163 7 1,168 8 Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured 8,685 9,332 - 8,702 58 8,723 114 Unsecured 5,166 5,166 - 5,178 39 5,055 76 Total with no related allowance recorded $ 15,300 $ 15,949 $ - $ 15,227 $ 104 $ 15,038 $ 198 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - $ - $ - Non-owner occupied - - - - - - - Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured - - - - - - - Unsecured - - - - - - - Total with an allowance recorded $ - $ - $ - $ - $ - $ - $ - Total: Commercial real estate: Owner occupied $ 287 $ 289 $ - $ 184 $ - $ 92 $ - Non-owner occupied 1,162 1,162 - 1,163 7 1,168 8 Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured 8,685 9,332 - 8,702 58 8,723 114 Unsecured 5,166 5,166 - 5,178 39 5,055 76 Total $ 15,300 $ 15,949 $ - $ 15,227 $ 104 $ 15,038 $ 198 December 31, 2017 Three Months Ended June 30, 2017 Six Months Ended (In thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 9,089 9,089 - 8,944 101 5,075 198 Residential real estate: Residential mortgages - - - 535 - 498 - Home equity 100 100 - 260 3 261 3 Commercial and industrial: Secured 7,368 8,013 - 1,491 53 1,015 61 Unsecured 2,154 2,408 - 400 3 396 8 Total with no related allowance recorded $ 20,784 $ 21,683 $ - $ 11,932 $ 163 $ 7,554 $ 275 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - $ - $ - Non-owner occupied - - - - - - - Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured - - - 405 - 203 - Unsecured 1,708 3,235 1,708 58 - 29 1 Total with an allowance recorded $ 1,708 $ 3,235 $ 1,708 $ 463 $ - $ 232 $ 1 Total: Commercial real estate: Owner occupied $ 2,073 $ 2,073 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 9,089 9,089 - 8,944 101 5,075 198 Residential real estate: Residential mortgages - - - 535 - 498 - Home equity 100 100 - 260 3 261 3 Commercial and industrial: Secured 7,368 8,013 - 1,896 53 1,218 61 Unsecured 3,862 5,643 1,708 458 3 425 9 Total $ 22,492 $ 24,918 $ 1,708 $ 12,395 $ 163 $ 7,786 $ 276
Schedule of activity in the accretable yield for the purchased credit impaired loans	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2018 2017 2018 2017 Balance at beginning of period $ 957 $ 5,333 $ 2,151 $ 6,915 Accretion (269 ) (1,046 ) (1,302 ) (2,903 ) Reclassification from (to) nonaccretable difference during the period 424 (321 ) 263 (46 ) Accretable discount at end of period $ 1,112 $ 3,966 $ 1,112 $ 3,966

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2018
Allowance For Loan Losses Disclosure [Abstract]
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method	June 30, 2018 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 11,206 2,466 4,237 12,358 1,263 122 31,652 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Loans: Individually evaluated for impairment $ 1,449 $ - $ - $ 13,851 $ - $ - $ 15,300 Collectively evaluated for impairment 1,326,498 570,067 509,693 615,808 116,899 20,051 3,159,016 Loans acquired with deteriorated credit quality - 603 610 247 - - 1,460 Total loans $ 1,327,947 $ 570,670 $ 510,303 $ 629,906 $ 116,899 $ 20,051 $ 3,175,776 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 June 30, 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 $ 11,334 $ 3,002 $ 3,495 $ 14,055 $ 821 $ 105 $ 32,812 Charge-offs - - (24 ) (1,708 ) - - (1,732 ) Recoveries - - - 171 - 1 172 Provision (128 ) (536 ) 766 (160 ) 442 16 400 Ending balance $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Three Months Ended June 30, 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 $ 8,357 $ 6,480 $ 1,415 $ 9,198 $ 1,058 $ 110 $ 26,618 Charge-offs - - - (33 ) - - (33 ) Recoveries - - 1 8 - - 9 Provision 2,222 (1,634 ) 70 797 (481 ) (24 ) 950 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 Six Months Ended June 30, 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 - - (24 ) (1,708 ) - - (1,732 ) Recoveries - - 1 475 - 1 477 Provision 158 (2,055 ) 1,822 753 523 (1 ) 1,200 Ending balance $ 11,206 $ 2,466 $ 4,237 $ 12,358 $ 1,263 $ 122 $ 31,652 Six Months Ended June 30, 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 - - - (128 ) - - (128 ) Recoveries - - 2 15 - 1 18 Provision 1,354 (1,418 ) (11 ) 2,246 (378 ) (43 ) 1,750 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544

PENSION AND POSTRETIREMENT PL30

PENSION AND POSTRETIREMENT PLANS (Tables)	6 Months Ended
	Jun. 30, 2018
EMPLOYEE BENEFITS
Schedule of components of net periodic benefit (credit) cost	Three Months Ended June 30, Six Months Ended June 30, Pension Benefits SERP Benefits Pension Benefits SERP Benefits (In thousands) 2018 2017 2018 2017 2018 2017 2018 2017 Service cost $ 325 $ 292 $ 72 $ 52 $ 650 $ 585 $ 145 $ 105 Interest cost 198 186 31 26 395 370 63 52 Expected return on plan assets (625 ) (520 ) - - (1,250 ) (1,040 ) - - Amortization of net loss 82 112 31 13 165 225 61 26 Amortization of prior service credit (19 ) (19 ) - - (38 ) (38 ) - - Amortization of transition obligation - - 1 7 - - 2 14 Net periodic benefit (credit) cost $ (39 ) $ 51 $ 135 $ 98 $ (78 ) $ 102 $ 271 $ 197

FEDERAL HOME LOAN BANK ADVANC31

FEDERAL HOME LOAN BANK ADVANCES (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of contractual maturities and weighted average interest rates of FHLB advances	June 30, 2018 ( Dollars in thousands Contractual Maturity Amount Weighted Overnight $ 10,000 2.08 % 2018 290,000 2.22 % 2019 863 0.81 % 290,863 2.22 % Total FHLB advances $ 300,863 2.21 % December 31, 2017 ( Dollars in thousands Contractual Maturity Amount Weighted 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)	6 Months Ended
	Jun. 30, 2018
DERIVATIVES
Schedule of information about the interest rate swap designated as a cash flow hedge	( Dollars in thousands June 30, 2018 December 31, 2017 Notional amounts $ 290,000 $ 290,000 Weighted average pay rates 1.78 % 1.78 % Weighted average receive rates 2.33 % 1.61 % Weighted average maturity 2.14 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 (loss) Amount of gain (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 June 30, 2018 $ 1,020 $ 344 $ - Six months ended June 30, 2018 $ 3,847 $ 279 $ - Three months ended June 30, 2017 $ (1,385 ) $ (459 ) $ - Six months ended June 30, 2017 $ (1,360 ) $ (734 ) $ -
Schedule of cash flow hedge included in the Consolidated Balance Sheets	June 30, 2018 December 31, 2017 Fair Fair Fair Fair ( In thousands Notional Value Value Notional Value Value Included in other assets/(liabilities): Amount Asset Liability Amount Asset Liability Interest rate swaps related to FHLB advances $ 290,000 $ 6,324 $ (32 ) $ 290,000 $ 3,133 $ (410 )
Schedule of information about interest rate swaps	( Dollars in thousands June 30, 2018 December 31, 2017 Notional amounts $ 174,997 $ 147,967 Weighted average pay rates 4.32 % 3.96 % Weighted average receive rates 4.32 % 3.96 % Weighted average maturity 11.92 years 12.37 years Fair value of combined interest rate swaps $ - $ -

ACCUMULATED OTHER COMPREHENSI33

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	6 Months Ended
	Jun. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
Schedule of other comprehensive (loss) income and related income tax effects	Three Months Ended Six Months Ended (In thousands) June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 Unrealized holding (losses) gains on available for sale securities $ (4,231 ) $ 2,595 $ (12,818 ) $ 4,211 Reclassification adjustment for losses realized in income 7,921 - 7,921 - Income tax effect (1,074 ) (1,062 ) 1,425 (1,668 ) Net change in unrealized gains (losses) on available for sale securities 2,616 1,533 (3,472 ) 2,543 Reclassification adjustment for amortization realized in income 95 113 190 227 Income tax effect (27 ) (47 ) (55 ) (64 ) Net change in post-retirement obligation 68 66 135 163 Change in fair value of derivatives used for cash flow hedges 1,020 (1,385 ) 3,847 (1,360 ) Reclassification adjustment for (gains) losses realized in income (344 ) 459 (279 ) 734 Income tax effect (197 ) 379 (1,038 ) 253 Net change in unrealized gain (loss) on cash flow hedges 479 (547 ) 2,530 (373 ) Other comprehensive income (loss) $ 3,163 $ 1,052 $ (807 ) $ 2,333
Schedule of accumulated other comprehensive loss balances, net of income taxes	Other Comprehensive ( In thousands December 31, 2017 Income June 30, 2018 Unrealized losses on available for sale securities $ (11,337 ) $ (3,472 ) $ (14,809 ) Unrealized (losses) gain on pension benefits (5,533 ) 135 (5,398 ) Unrealized gains on cash flow hedges 1,931 2,530 4,461 Accumulated other comprehensive loss, net of income taxes $ (14,939 ) $ (807 ) $ (15,746 )
Schedule of reclassifications out of accumulated other comprehensive (loss) income	Three Months Ended Six Months Ended Affected Line Item June 30, June 30, June 30, June 30, in the Consolidated ( In thousands 2018 2017 2018 2017 Statements of Income Realized losses on sale of available for sale securities $ (7,921 ) $ - $ (7,921 ) $ - Net securities losses Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 19 19 38 38 Other operating expenses Transition obligation (1 ) (7 ) (2 ) (14 ) Other operating expenses Actuarial losses (113 ) (125 ) (226 ) (251 ) Other operating expenses Realized gains (losses) on cash flow hedges 344 (459 ) 279 (734 ) Interest expense Total reclassifications, before income tax $ (7,672 ) $ (572 ) $ (7,832 ) $ (961 ) Income tax benefit 2,231 234 2,278 393 Income tax expense Total reclassifications, net of income tax $ (5,441 ) $ (338 ) $ (5,554 ) $ (568 )

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, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
EARNINGS PER SHARE
Net income	$ 6,743	$ 8,841	$ 18,816	$ 18,012
Dividends paid on and earnings allocated to participating securities	(148)	(182)	(405)	(360)
Income attributable to common stock	$ 6,595	$ 8,659	$ 18,411	$ 17,652
Weighted average common shares outstanding, including participating securities	19,884	19,781	19,859	19,725
Weighted average participating securities (in shares)	(445)	(410)	(433)	(401)
Weighted average common shares outstanding	19,439	19,371	19,426	19,324
Basic earnings per common share (in dollars per share)	$ 0.34	$ 0.45	$ 0.95	$ 0.91
Income attributable to common stock	$ 6,595	$ 8,659	$ 18,411	$ 17,652
Impact of assumed conversions - interest on 8.5% trust preferred securities	0	0	0	32
Income attributable to common stock including assumed conversions	$ 6,595	$ 8,659	$ 18,411	$ 17,684
Weighted average common shares outstanding	19,439	19,371	19,426	19,324
Incremental shares from assumed conversions of options and restricted stock units	29	23	27	20
Incremental shares from assumed conversions of 8.5% trust preferred securities	0	0	0	35
Weighted average common and equivalent shares outstanding (in shares)	19,468	19,394	19,453	19,379
Diluted earnings per common share (in dollars per share)	$ 0.34	$ 0.45	$ 0.95	$ 0.91

EARNINGS PER SHARE (Parenthetic

EARNINGS PER SHARE (Parentheticals) (Details)	6 Months Ended
	Jun. 30, 2018
EARNINGS PER SHARE
Interest on trust preferred securities	8.50%

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016
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)	0	20,084
Trust preferred securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding amount of securities included in computation of diluted earnings per share			$ 15.7

STOCK BASED COMPENSATION PLAN38

STOCK BASED COMPENSATION PLANS (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Number of Options
Outstanding, January 1, 2018 | shares	0
Granted | shares	47,393
Outstanding, June 30, 2018 | shares	47,393
Vested and Exercisable, June 30, 2018 | shares	0
Weighted Average Exercise Price
Weighted Average Exercise Price, January 1, 2018 | $ / shares	$ 0
Granted | $ / shares	36.19
Vested and Exercisable, June 30, 2018 | $ / shares	36.19
Vested and Exercisable, June 30, 2018 | $ / shares	$ 0
Weighted Average Remaining Contractual Life, Outstanding	9 years 7 months 6 days
Aggregate Intrinsic Value, Outstanding | $	$ 0
Aggregate Intrinsic Value, Vested and Exercisable | $	$ 0

STOCK BASED COMPENSATION PLAN39

STOCK BASED COMPENSATION PLANS (Details 1) - $ / shares	Jun. 30, 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 PLAN40

STOCK BASED COMPENSATION PLANS (Details 2) - Restricted stock	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Shares
Unvested, January 1, 2018 | shares	317,692
Granted | shares	82,982
Vested | shares	(58,233)
Forfeited | shares	(3,766)
Unvested, June 30, 2018 | shares	338,675
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2018 | $ / shares	$ 27.16
Granted | $ / shares	33
Vested | $ / shares	23.90
Forfeited | $ / shares	30.48
Unvested, June 30, 2018 | $ / shares	$ 29.12

STOCK BASED COMPENSATION PLAN41

STOCK BASED COMPENSATION PLANS (Details 3) - Long Term Incentive Plan - Restricted stock units	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Shares
Unvested, January 1, 2018 | shares	68,776
Granted | shares	21,693
Reinvested dividends | shares	987
Forfeited | shares	(13,333)
Unvested, June 30, 2018 | shares	78,123
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2018 | $ / shares	$ 24.46
Granted | $ / shares	33.23
Reinvested dividends | $ / shares	26.01
Forfeited | $ / shares	21.85
Unvested, June 30, 2018 | $ / shares	$ 27.36

STOCK BASED COMPENSATION PLAN42

STOCK BASED COMPENSATION PLANS (Detail Textuals)	Jun. 30, 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	273,585
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance	525,000
2006 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance	278,385

STOCK BASED COMPENSATION PLAN43

STOCK BASED COMPENSATION PLANS (Detail Textuals 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 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	$ 26		$ 39
Unrecognized compensation cost related to unvested stock options	270		$ 270
Cost is expected to be recognized period			2 years 7 months 6 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 717	$ 503	$ 1,300	$ 916
Number of restricted stock awards granted			82,982
Number of restricted stock awards granted	338,675		338,675		317,692
Unrecognized compensation cost related to non-vested RSAs	$ 6,400		$ 6,400
Cost is expected to be recognized period			3 years 6 months
Restricted stock | Time-vested RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted	314,175		314,175
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			44,750
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			13,115
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
Number of restricted stock awards granted	24,500		24,500
Directors | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			1 year
Deferred compensation expense	$ 140	132	$ 275	260
LTI Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 119	$ 79	$ 220	$ 148
Number of restricted stock awards granted			21,693
Number of restricted stock awards granted	78,123		78,123		68,776
Unrecognized compensation cost related to non-vested RSAs	$ 1,500		$ 1,500
Cost is expected to be recognized period			3 years 6 months
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 | Performance-based RSAs vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted			9,171
Vesting period (in years)			3 years
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	Jun. 30, 2018	Dec. 31, 2017
Available for sale:
Amortized Cost	$ 679,960	$ 775,903
Gross Unrealized Gains	56	306
Gross Unrealized Losses	(20,940)	(16,293)
Estimated Fair Value	659,076	759,916
U.S. GSE securities
Available for sale:
Amortized Cost	29,996	57,994
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,258)	(1,180)
Estimated Fair Value	28,738	56,814
State and municipal obligations
Available for sale:
Amortized Cost	38,423	87,582
Gross Unrealized Gains	50	259
Gross Unrealized Losses	(525)	(819)
Estimated Fair Value	37,948	87,022
U.S. GSE residential mortgage-backed securities
Available for sale:
Amortized Cost	101,884	189,705
Gross Unrealized Gains	0	29
Gross Unrealized Losses	(3,688)	(2,833)
Estimated Fair Value	98,196	186,901
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Amortized Cost	340,978	314,390
Gross Unrealized Gains	6	16
Gross Unrealized Losses	(8,937)	(7,016)
Estimated Fair Value	332,047	307,390
U.S. GSE commercial mortgage-backed securities
Available for sale:
Amortized Cost	3,584	6,017
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(67)	(40)
Estimated Fair Value	3,517	5,979
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Amortized Cost	94,845	49,965
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,438)	(1,249)
Estimated Fair Value	92,407	48,716
Other asset backed securities
Available for sale:
Amortized Cost	24,250	24,250
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(727)	(849)
Estimated Fair Value	23,523	23,401
Corporate bonds
Available for sale:
Amortized Cost	46,000	46,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,300)	(2,307)
Estimated Fair Value	$ 42,700	$ 43,693

SECURITIES (Details 1)

SECURITIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Held to maturity:
Amortized Cost	$ 169,717	$ 180,866
Gross Unrealized Gains	578	1,293
Gross Unrealized Losses	(4,689)	(2,274)
Estimated Fair Value	165,606	179,885
State and municipal obligations
Held to maturity:
Amortized Cost	57,350	60,762
Gross Unrealized Gains	497	972
Gross Unrealized Losses	(481)	(64)
Estimated Fair Value	57,366	61,670
U.S. GSE residential mortgage-backed securities
Held to maturity:
Amortized Cost	10,441	11,424
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(451)	(261)
Estimated Fair Value	9,990	11,163
U.S. GSE residential collateralized mortgage obligations
Held to maturity:
Amortized Cost	51,026	54,250
Gross Unrealized Gains	81	244
Gross Unrealized Losses	(1,318)	(666)
Estimated Fair Value	49,789	53,828
U.S. GSE commercial mortgage-backed securities
Held to maturity:
Amortized Cost	20,626	22,953
Gross Unrealized Gains	0	77
Gross Unrealized Losses	(897)	(438)
Estimated Fair Value	19,729	22,592
U.S. GSE commercial collateralized mortgage obligations
Held to maturity:
Amortized Cost	30,274	31,477
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,542)	(845)
Estimated Fair Value	$ 28,732	$ 30,632

SECURITIES (Details 2)

SECURITIES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Total securities
Amortized Cost	$ 849,677	$ 956,769
Gross Unrealized Gains	634	1,599
Gross Unrealized Losses	(25,629)	(18,567)
Total securities	$ 824,682	$ 939,801

SECURITIES (Details 3)

SECURITIES (Details 3) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Amortized Cost, Available for sale:
Within one year	$ 8,029
One to five years	24,616
Five to ten years	90,038
Beyond ten years	557,277
Total	679,960	$ 775,903
Estimated Fair Value, Available for sale:
Within one year	8,016
One to five years	24,104
Five to ten years	85,462
Beyond ten years	541,494
Estimated Fair Value	$ 659,076	$ 759,916

SECURITIES (Details 4)

SECURITIES (Details 4) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Amortized Cost, Held to maturity:
Within one year	$ 3,377
One to five years	30,563
Five to ten years	51,321
Beyond ten years	84,456
Total	169,717	$ 180,866
Estimated Fair Value, Held to maturity:
Within one year	3,376
One to five years	30,374
Five to ten years	50,491
Beyond ten years	81,365
Estimated Fair Value	$ 165,606	$ 179,885

SECURITIES (Details 5)

SECURITIES (Details 5) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Available for sale:
Less than 12 months, Estimated Fair Value	$ 314,519	$ 236,848
Less than 12 months, Gross Unrealized Losses	(5,376)	(2,666)
Greater than 12 months, Estimated Fair Value	329,650	481,253
Greater than 12 months, Gross Unrealized Losses	(15,564)	(13,627)
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	28,739	56,815
Greater than 12 months, Gross Unrealized Losses	(1,258)	(1,180)
State and municipal obligations
Available for sale:
Less than 12 months, Estimated Fair Value	22,612	35,350
Less than 12 months, Gross Unrealized Losses	(318)	(301)
Greater than 12 months, Estimated Fair Value	10,404	28,165
Greater than 12 months, Gross Unrealized Losses	(207)	(518)
U.S. GSE residential mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	39,156	107,408
Less than 12 months, Gross Unrealized Losses	(1,267)	(1,153)
Greater than 12 months, Estimated Fair Value	59,040	69,571
Greater than 12 months, Gross Unrealized Losses	(2,421)	(1,680)
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	189,200	77,705
Less than 12 months, Gross Unrealized Losses	(2,329)	(759)
Greater than 12 months, Estimated Fair Value	132,871	224,932
Greater than 12 months, Gross Unrealized Losses	(6,608)	(6,257)
U.S. GSE commercial mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	3,518	2,345
Less than 12 months, Gross Unrealized Losses	(67)	(40)
Greater than 12 months, Estimated Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Less than 12 months, Estimated Fair Value	47,103	452
Less than 12 months, Gross Unrealized Losses	(326)	(1)
Greater than 12 months, Estimated Fair Value	45,304	48,264
Greater than 12 months, Gross Unrealized Losses	(2,112)	(1,248)
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	23,523	23,401
Greater than 12 months, Gross Unrealized Losses	(727)	(849)
Corporate bonds
Available for sale:
Less than 12 months, Estimated Fair Value	12,930	13,588
Less than 12 months, Gross Unrealized Losses	(1,069)	(412)
Greater than 12 months, Estimated Fair Value	29,769	30,105
Greater than 12 months, Gross Unrealized Losses	$ (2,231)	$ (1,895)

SECURITIES (Details 6)

SECURITIES (Details 6) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Held to maturity:
Less than 12 months, Estimated Fair Value	$ 75,058	$ 49,527
Less than 12 months, Gross Unrealized losses	(1,752)	(404)
Greater than 12 months, Estimated Fair Value	57,687	60,518
Greater than 12 months, Gross Unrealized losses	(2,937)	(1,870)
State and municipal obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	28,822	7,709
Less than 12 months, Gross Unrealized losses	(437)	(57)
Greater than 12 months, Estimated Fair Value	2,396	1,009
Greater than 12 months, Gross Unrealized losses	(44)	(7)
U.S. GSE residential mortgage-backed securities
Held to maturity:
Less than 12 months, Estimated Fair Value	1,205	1,359
Less than 12 months, Gross Unrealized losses	(35)	(16)
Greater than 12 months, Estimated Fair Value	8,784	9,804
Greater than 12 months, Gross Unrealized losses	(416)	(245)
U.S. GSE residential collateralized mortgage obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	23,685	21,329
Less than 12 months, Gross Unrealized losses	(492)	(94)
Greater than 12 months, Estimated Fair Value	19,392	21,112
Greater than 12 months, Gross Unrealized losses	(826)	(572)
U.S. GSE commercial mortgage-backed securities
Held to maturity:
Less than 12 months, Estimated Fair Value	11,857	8,789
Less than 12 months, Gross Unrealized losses	(388)	(121)
Greater than 12 months, Estimated Fair Value	7,871	8,303
Greater than 12 months, Gross Unrealized losses	(509)	(317)
U.S. GSE commercial collateralized mortgage obligations
Held to maturity:
Less than 12 months, Estimated Fair Value	9,489	10,341
Less than 12 months, Gross Unrealized losses	(400)	(116)
Greater than 12 months, Estimated Fair Value	19,244	20,290
Greater than 12 months, Gross Unrealized losses	$ (1,142)	$ (729)

SECURITIES (Detail Textuals)

SECURITIES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	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	$ 230,400	$ 230,372
Securities gross losses realized	(7,921)	(7,921)
Proceeds from calls of securities	900	1,900
Fair value of securities pledged to secure public deposits and FHLB and FRB overnight borrowings	366,400	366,400	$ 513,500
Amount owned in FHLB, ACBB and FRB stock	$ 26,747	$ 26,747	$ 35,349

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets measured at fair value on recurring basis
Available for sale securities	$ 659,076	$ 759,916
U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	28,738	56,814
State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	37,948	87,022
U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	98,196	186,901
U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	332,047	307,390
U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	3,517	5,979
U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	92,407	48,716
Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,523	23,401
Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	42,700	43,693
Carrying Value
Assets measured at fair value on recurring basis
Available for sale securities	659,076	759,916
Financial Assets: Derivatives	8,743	4,546
Financial Liabilities:
Financial liabilities: Derivatives	2,451	1,823
Quoted Prices In Active Markets for Identical Assets (Level 1)
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Financial Assets: Derivatives	0	0
Financial Liabilities:
Financial liabilities: Derivatives	0	0
Significant Other Observable Inputs (Level 2)
Assets measured at fair value on recurring basis
Available for sale securities	659,076	759,916
Financial Assets: Derivatives	8,743	4,546
Financial Liabilities:
Financial liabilities: Derivatives	2,451	1,823
Significant Unobservable Inputs (Level 3)
Assets measured at fair value on recurring basis
Available for sale securities	0	0
Financial Assets: Derivatives	0	0
Financial Liabilities:
Financial liabilities: Derivatives	0	0
Recurring basis | Carrying Value
Assets measured at fair value on recurring basis
Available for sale securities	659,076	759,916
Recurring basis | Carrying Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	28,738	56,814
Recurring basis | Carrying Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	37,948	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	98,196	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	332,047	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	3,517	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	92,407	48,716
Recurring basis | Carrying Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,523	23,401
Recurring basis | Carrying Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	42,700	43,693
Recurring basis | Carrying Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	8,743	4,546
Financial Liabilities:
Financial liabilities: Derivatives	2,451	1,823
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets measured at fair value on recurring basis
Available for sale securities	659,076	759,916
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	28,738	56,814
Recurring basis | Significant Other Observable Inputs (Level 2) | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	37,948	87,022
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	98,196	186,901
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	332,047	307,390
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	3,517	5,979
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	92,407	48,716
Recurring basis | Significant Other Observable Inputs (Level 2) | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	23,523	23,401
Recurring basis | Significant Other Observable Inputs (Level 2) | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	42,700	43,693
Recurring basis | Significant Other Observable Inputs (Level 2) | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	8,743	4,546
Financial Liabilities:
Financial liabilities: Derivatives	$ 2,451	$ 1,823

FAIR VALUE (Details 1)

FAIR VALUE (Details 1) - USD ($) $ in Thousands	Jun. 30, 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)
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)
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)
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	Jun. 30, 2018	Dec. 31, 2017
Financial assets:
Cash and due from banks	$ 74,255	$ 76,614
Interest earning deposits with banks	31,636	18,133
Securities available for sale	659,076	759,916
Securities held to maturity	165,606	179,885
Accrued interest receivable	11,625	11,652
Carrying Amount
Financial assets:
Cash and due from banks	74,255	76,614
Interest earning deposits with banks	31,636	18,133
Securities available for sale	659,076	759,916
Securities restricted	26,747	35,349
Securities held to maturity	169,717	180,866
Loans held for sale	6,338
Loans, net	3,149,024	3,071,045
Derivatives	8,743	4,546
Accrued interest receivable	11,625	11,652
Financial liabilities:
Certificates of deposit	326,219	222,364
Demand and other deposits	3,226,978	3,112,179
Federal funds purchased		50,000
Federal Home Loan Bank advances	300,863	501,374
Repurchase agreements	1,437	877
Subordinated debentures	78,711	78,641
Derivatives	2,451	1,823
Accrued interest payable	1,639	1,574
Fair Value
Financial assets:
Cash and due from banks	74,255	76,614
Interest earning deposits with banks	31,636	18,133
Securities available for sale	659,076	759,916
Securities held to maturity	165,606	179,885
Loans held for sale	6,852
Loans, net	3,129,139	3,010,023
Derivatives	8,743	4,546
Accrued interest receivable	11,625	11,652
Financial liabilities:
Certificates of deposit	323,551	220,775
Demand and other deposits	3,226,978	3,112,179
Federal funds purchased		50,000
Federal Home Loan Bank advances	294,531	498,558
Repurchase agreements	1,437	877
Subordinated debentures	74,913	77,933
Derivatives	2,451	1,823
Accrued interest payable	1,639	1,574
Quoted Prices In Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and due from banks	74,255	76,614
Interest earning deposits with banks	31,636	18,133
Securities available for sale	0	0
Securities held to maturity	0	0
Loans held for sale	0
Loans, net	0	0
Derivatives	0	0
Accrued interest receivable	0	0
Financial liabilities:
Certificates of deposit	0	0
Demand and other deposits	3,226,978	3,112,179
Federal funds purchased		50,000
Federal Home Loan Bank advances	10,000	185,000
Repurchase agreements	0	0
Subordinated debentures	0	0
Derivatives	0	0
Accrued interest payable	0	0
Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and due from banks	0	0
Interest earning deposits with banks	0	0
Securities available for sale	659,076	759,916
Securities held to maturity	165,606	179,885
Loans held for sale	6,852
Loans, net	0	0
Derivatives	8,743	4,546
Accrued interest receivable	2,881	3,211
Financial liabilities:
Certificates of deposit	323,551	220,775
Demand and other deposits	0	0
Federal funds purchased		0
Federal Home Loan Bank advances	284,531	313,558
Repurchase agreements	1,437	877
Subordinated debentures	74,913	77,933
Derivatives	2,451	1,823
Accrued interest payable	1,639	1,574
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and due from banks	0	0
Interest earning deposits with banks	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Loans held for sale	0
Loans, net	3,129,139	3,010,023
Derivatives	0	0
Accrued interest receivable	8,744	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		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Provision for Loan and Lease Losses	$ 400	$ 950	$ 1,200	$ 1,750
Assets measured at fair value on non-recurring basis
Outstanding balance of impaired loans with an allowance recorded	0		0		$ 1,708
Valuation allowance on impaired loans	0		0		1,708
Other real estate	$ 175		$ 175
Non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Provision for Loan and Lease Losses					$ 1,700

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Classifications of loans
Total loans	$ 3,175,776		$ 3,098,253
Net deferred loan costs and fees	4,900		4,499
Total loans held for investment	3,180,676		3,102,752
Allowance for loan losses	(31,652)	$ (32,812)	(31,707)	$ (27,544)	$ (26,618)	$ (25,904)
Loans, net	3,149,024		3,071,045
Commercial real estate | Mortgage loans
Classifications of loans
Total loans	1,327,947		1,293,906
Allowance for loan losses	(11,206)	(11,334)	(11,048)	(10,579)	(8,357)	(9,225)
Multi-family | Mortgage loans
Classifications of loans
Total loans	570,670		595,280
Allowance for loan losses	(2,466)	(3,002)	(4,521)	(4,846)	(6,480)	(6,264)
Residential real estate | Mortgage loans
Classifications of loans
Total loans	510,303		464,264
Allowance for loan losses	(4,237)	(3,495)	(2,438)	(1,486)	(1,415)	(1,495)
Commercial, industrial and agricultural loans
Classifications of loans
Total loans	629,906		616,003
Allowance for loan losses	(12,358)	(14,055)	(12,838)	(9,970)	(9,198)	(7,837)
Real estate construction and land loans
Classifications of loans
Total loans	116,899		107,759
Allowance for loan losses	(1,263)	(821)	(740)	(577)	(1,058)	(955)
Installment/consumer loans
Classifications of loans
Total loans	20,051		21,041
Allowance for loan losses	$ (122)	$ (105)	$ (122)	$ (86)	$ (110)	$ (128)

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Loans by class categorized by internally assigned risk grades
Total loans	$ 3,175,776	$ 3,098,253
Pass
Loans by class categorized by internally assigned risk grades
Total loans	3,099,900	3,012,960
Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	33,448	42,610
Substandard
Loans by class categorized by internally assigned risk grades
Total loans	42,428	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	1,327,947	1,293,906
Commercial real estate | Mortgage loans | Owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	483,652	472,649
Commercial real estate | Mortgage loans | Owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	464,708	451,264
Commercial real estate | Mortgage loans | Owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	835	1,796
Commercial real estate | Mortgage loans | Owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	18,109	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	844,295	821,257
Commercial real estate | Mortgage loans | Non-owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	841,338	808,612
Commercial real estate | Mortgage loans | Non-owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	0	8,056
Commercial real estate | Mortgage loans | Non-owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	2,957	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	570,670	595,280
Multi-Family | Mortgage loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	570,670	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	510,303	464,264
Residential real estate | Mortgage loans | Residential mortgage
Loans by class categorized by internally assigned risk grades
Total loans	441,934	398,173
Residential real estate | Mortgage loans | Residential mortgage | Pass
Loans by class categorized by internally assigned risk grades
Total loans	432,515	393,029
Residential real estate | Mortgage loans | Residential mortgage | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	8,558	4,854
Residential real estate | Mortgage loans | Residential mortgage | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	861	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	68,369	66,091
Residential real estate | Mortgage loans | Home equity | Pass
Loans by class categorized by internally assigned risk grades
Total loans	66,433	64,601
Residential real estate | Mortgage loans | Home equity | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	1,235	698
Residential real estate | Mortgage loans | Home equity | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	701	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	629,906	616,003
Commercial and Industrial | Secured
Loans by class categorized by internally assigned risk grades
Total loans	119,453	112,313
Commercial and Industrial | Secured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	95,758	86,116
Commercial and Industrial | Secured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	10,386	12,637
Commercial and Industrial | Secured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	13,309	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	510,453	503,690
Commercial and Industrial | Unsecured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	491,851	485,598
Commercial and Industrial | Unsecured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	12,422	14,553
Commercial and Industrial | Unsecured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	6,180	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	116,899	107,759
Real estate construction and land loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	116,588	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	311	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	20,051	21,041
Installment/consumer loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	20,039	21,020
Installment/consumer loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	12	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	Jun. 30, 2018	Dec. 31, 2017
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	$ 934	$ 1,834
Nonaccrual Including 90 Days or More Past Due	1,599	6,955
Total Past Due and Nonaccrual	6,924	12,403
Current	3,168,852	3,085,850
Total Loans	3,175,776	3,098,253
30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	3,768	2,854
60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	623	760
Commercial Real Estate | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	1,327,947	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	382	2,205
Total Past Due and Nonaccrual	914	2,664
Current	482,738	469,985
Total Loans	483,652	472,649
Commercial Real Estate | Mortgage loans | Owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	532	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	0	1,163
Nonaccrual Including 90 Days or More Past Due	0	0
Total Past Due and Nonaccrual	415	1,163
Current	843,880	820,094
Total Loans	844,295	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	415	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	570,670	595,280
Total Loans	570,670	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	510,303	464,264
Residential Real Estate | Mortgage loans | Residential Real Estate Mortgage Loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	619	0
Nonaccrual Including 90 Days or More Past Due	41	401
Total Past Due and Nonaccrual	1,891	2,873
Current	440,043	395,300
Total Loans	441,934	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	1,231	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	289	271
Nonaccrual Including 90 Days or More Past Due	161	161
Total Past Due and Nonaccrual	1,465	761
Current	66,904	65,330
Total Loans	68,369	66,091
Residential Real Estate | Mortgage loans | Home equity | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	458	329
Residential Real Estate | Mortgage loans | Home equity | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	557	0
Commercial, Industrial and Agricultural Loans
Past Due and Nonaccrual Loans
Total Loans	629,906	616,003
Commercial, Industrial and Agricultural Loans | Secured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	26	225
Nonaccrual Including 90 Days or More Past Due	573	570
Total Past Due and Nonaccrual	781	949
Current	118,672	111,364
Total Loans	119,453	112,313
Commercial, Industrial and Agricultural Loans | Secured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	141	113
Commercial, Industrial and Agricultural Loans | Secured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	41	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	274	3,618
Total Past Due and Nonaccrual	1,264	3,671
Current	509,189	500,019
Total Loans	510,453	503,690
Commercial, Industrial and Agricultural Loans | Unsecured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	990	18
Commercial, Industrial and Agricultural Loans | Unsecured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	0	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	116,747	107,478
Total Loans	116,899	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	16	0
Total Past Due and Nonaccrual	42	41
Current	20,009	21,000
Total Loans	20,051	21,041
Installment/Consumer Loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1	36
Installment/Consumer Loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	$ 25	$ 5

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Recorded Investment
With no related allowance recorded	$ 15,300		$ 15,300		$ 20,784
With an allowance recorded	0		0		1,708
Total impaired loans	15,300		15,300		22,492
Unpaid Principal Balance
With no related allowance recorded	15,949		15,949		21,683
With an allowance recorded	0		0		3,235
Total impaired loans	15,949		15,949		24,918
Related Allocated Allowance
With an allowance recorded	0		0		1,708
Total impaired loans	0		0		1,708
Average Recorded Investment
With no related allowance recorded	15,227	$ 11,932	15,038	$ 7,554
With an allowance recorded	0	463	0	232
Average recorded investment in impaired loans	15,227	12,395	15,038	7,786
Interest Income Recognized
With no related allowance recorded	104	163	198	275
With an allowance recorded	0	0	0	1
Total impaired loans	104	163	198	276
Commercial Real Estate | Mortgage loans | Owner occupied
Recorded Investment
With no related allowance recorded	287		287		2,073
With an allowance recorded	0		0		0
Total impaired loans	287		287		2,073
Unpaid Principal Balance
With no related allowance recorded	289		289		2,073
With an allowance recorded	0		0		0
Total impaired loans	289		289		2,073
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	184	302	92	309
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	184	302	92	309
Interest Income Recognized
With no related allowance recorded	0	3	0	5
With an allowance recorded	0	0	0	0
Total impaired loans	0	3	0	5
Commercial Real Estate | Mortgage loans | Non-owner occupied
Recorded Investment
With no related allowance recorded	1,162		1,162		9,089
With an allowance recorded	0		0		0
Total impaired loans	1,162		1,162		9,089
Unpaid Principal Balance
With no related allowance recorded	1,162		1,162		9,089
With an allowance recorded	0		0		0
Total impaired loans	1,162		1,162		9,089
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	1,163	8,944	1,168	5,075
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	1,163	8,944	1,168	5,075
Interest Income Recognized
With no related allowance recorded	7	101	8	198
With an allowance recorded	0	0	0	0
Total impaired loans	7	101	8	198
Residential Real Estate | Mortgage loans | Residential Real Estate Mortgage Loans
Recorded Investment
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Unpaid Principal Balance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	0	535	0	498
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	0	535	0	498
Interest Income Recognized
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Total impaired loans	0	0	0	0
Residential Real Estate | Mortgage loans | Home equity
Recorded Investment
With no related allowance recorded	0		0		100
With an allowance recorded	0		0		0
Total impaired loans	0		0		100
Unpaid Principal Balance
With no related allowance recorded	0		0		100
With an allowance recorded	0		0		0
Total impaired loans	0		0		100
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	0	260	0	261
With an allowance recorded	0	0	0	0
Average recorded investment in impaired loans	0	260	0	261
Interest Income Recognized
With no related allowance recorded	0	3	0	3
With an allowance recorded	0	0	0	0
Total impaired loans	0	3	0	3
Commercial, Industrial and Agricultural Loans | Secured
Recorded Investment
With no related allowance recorded	8,685		8,685		7,368
With an allowance recorded	0		0		0
Total impaired loans	8,685		8,685		7,368
Unpaid Principal Balance
With no related allowance recorded	9,332		9,332		8,013
With an allowance recorded	0		0		0
Total impaired loans	9,332		9,332		8,013
Related Allocated Allowance
With an allowance recorded	0		0		0
Total impaired loans	0		0		0
Average Recorded Investment
With no related allowance recorded	8,702	1,491	8,723	1,015
With an allowance recorded	0	405	0	203
Average recorded investment in impaired loans	8,702	1,896	8,723	1,218
Interest Income Recognized
With no related allowance recorded	58	53	114	61
With an allowance recorded	0	0	0	0
Total impaired loans	58	53	114	61
Commercial, Industrial and Agricultural Loans | Unsecured
Recorded Investment
With no related allowance recorded	5,166		5,166		2,154
With an allowance recorded	0		0		1,708
Total impaired loans	5,166		5,166		3,862
Unpaid Principal Balance
With no related allowance recorded	5,166		5,166		2,408
With an allowance recorded	0		0		3,235
Total impaired loans	5,166		5,166		5,643
Related Allocated Allowance
With an allowance recorded	0		0		1,708
Total impaired loans	0		0		$ 1,708
Average Recorded Investment
With no related allowance recorded	5,178	400	5,055	396
With an allowance recorded	0	58	0	29
Average recorded investment in impaired loans	5,178	458	5,055	425
Interest Income Recognized
With no related allowance recorded	39	3	76	8
With an allowance recorded	0	0	0	1
Total impaired loans	$ 39	$ 3	$ 76	$ 9

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Activity in the accretable yield for the purchased credit impaired loans
Balance at beginning of period	$ 957	$ 5,333	$ 2,151	$ 6,915
Accretion	(269)	(1,046)	(1,302)	(2,903)
Reclassification from (to) nonaccretable difference during the period	424	(321)	263	(46)
Accretable discount at end of period	$ 1,112	$ 3,966	$ 1,112	$ 3,966

LOANS (Detail Textuals)

LOANS (Detail Textuals)	6 Months Ended
	Jun. 30, 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	$ 303,800,000	$ 359,400,000
FNBNY
Classifications of loans
Addition in acquired loans recorded at fair value				$ 89,700,000
Fair value of loans acquired	13,200,000	$ 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		6 Months Ended
	Jun. 19, 2015USD ($)	Feb. 14, 2014USD ($)	Jun. 30, 2018USD ($)Loan	Jun. 30, 2017USD ($)Loan	Dec. 31, 2017USD ($)
Financing Receivables
Total loans			$ 3,175,776		$ 3,098,253
Impaired loans			15,300		22,500
Loans modified as TDR			$ 6,800	$ 7,800
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | Loan			8	2
Nonaccrual troubled debt restructured loans			$ 70		5
Amount of current and performing TDR loans			15,500		16,700
Post-Modification of other than troubled debt restructuring, recorded investment			25,300
Impaired Loans			15,300		22,492
Other real estate owned			$ 175
Period of modified contractually past due loans to be considered as payment default			30 days
Special Mention
Financing Receivables
Total loans			$ 33,448		42,610
Substandard
Financing Receivables
Total loans			42,428		42,683
Substandard | Taxi medallion
Financing Receivables
Loans modified as TDR				$ 2,800
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			2,600		4,000
Carrying amount of purchased credit impaired loans			1,400		2,400
Remaining non-accretable difference			600		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			1,400		7,600
Carrying amount of purchased credit impaired loans			100		1,000
Remaining non-accretable difference			800		5,300
CNB | 30-89 days past due
Acquired Loans
Acquired loans			1,300		2,400
CNB | Special Mention
Financing Receivables
Total loans			400		400
CNB | Substandard
Financing Receivables
Total loans			$ 800		$ 1,600

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Allowance for Loan Losses:
Individually evaluated for impairment	$ 0		$ 1,708
Collectively evaluated for impairment	31,652		29,999
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	31,652	$ 32,812	31,707	$ 27,544	$ 26,618	$ 25,904
Loans:
Individually evaluated for impairment	15,300		22,492
Collectively evaluated for impairment	3,159,016		3,072,186
Loans acquired with deteriorated credit quality	1,460		3,575
Total Loans	3,175,776		3,098,253
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	11,206		11,048
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	11,206	11,334	11,048	10,579	8,357	9,225
Loans:
Individually evaluated for impairment	1,449		11,162
Collectively evaluated for impairment	1,326,498		1,281,837
Loans acquired with deteriorated credit quality	0		907
Total Loans	1,327,947		1,293,906
Multi-Family | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	2,466		4,521
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	2,466	3,002	4,521	4,846	6,480	6,264
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	570,067		593,645
Loans acquired with deteriorated credit quality	603		1,635
Total Loans	570,670		595,280
Residential Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	4,237		2,438
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	4,237	3,495	2,438	1,486	1,415	1,495
Loans:
Individually evaluated for impairment	0		100
Collectively evaluated for impairment	509,693		463,575
Loans acquired with deteriorated credit quality	610		589
Total Loans	510,303		464,264
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		1,708
Collectively evaluated for impairment	12,358		11,130
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	12,358	14,055	12,838	9,970	9,198	7,837
Loans:
Individually evaluated for impairment	13,851		11,230
Collectively evaluated for impairment	615,808		604,329
Loans acquired with deteriorated credit quality	247		444
Total Loans	629,906		616,003
Real Estate Construction and Land Loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1,263		740
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	1,263	821	740	577	1,058	955
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	116,899		107,759
Loans acquired with deteriorated credit quality	0		0
Total Loans	116,899		107,759
Installment/Consumer Loans
Allowance for Loan Losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	122		122
Loans acquired with deteriorated credit quality	0		0
Total Allowance for Loan Losses	122	$ 105	122	$ 86	$ 110	$ 128
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	20,051		21,041
Loans acquired with deteriorated credit quality	0		0
Total Loans	$ 20,051		$ 21,041

ALLOWANCE FOR LOAN LOSSES (De64

ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Allowance for Loan Losses
Beginning balance	$ 32,812	$ 26,618	$ 31,707	$ 25,904	$ 25,904
Charge-offs	(1,732)	(33)	(1,732)	(128)
Recoveries	172	9	477	18
Provision	400	950	1,200	1,750
Ending balance	31,652	27,544	31,652	27,544	31,707
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	11,334	8,357	11,048	9,225	9,225
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(128)	2,222	158	1,354
Ending balance	11,206	10,579	11,206	10,579	11,048
Multi-Family | Mortgage loans
Allowance for Loan Losses
Beginning balance	3,002	6,480	4,521	6,264	6,264
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(536)	(1,634)	(2,055)	(1,418)
Ending balance	2,466	4,846	2,466	4,846	4,521
Residential Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	3,495	1,415	2,438	1,495	1,495
Charge-offs	(24)	0	(24)	0
Recoveries	0	1	1	2
Provision	766	70	1,822	(11)
Ending balance	4,237	1,486	4,237	1,486	2,438
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses
Beginning balance	14,055	9,198	12,838	7,837	7,837
Charge-offs	(1,708)	(33)	(1,708)	(128)
Recoveries	171	8	475	15
Provision	(160)	797	753	2,246
Ending balance	12,358	9,970	12,358	9,970	12,838
Real Estate Construction and Land Loans
Allowance for Loan Losses
Beginning balance	821	1,058	740	955	955
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	442	(481)	523	(378)
Ending balance	1,263	577	1,263	577	740
Installment/Consumer Loans
Allowance for Loan Losses
Beginning balance	105	110	122	128	128
Charge-offs	0	0	0	0
Recoveries	1	0	1	1
Provision	16	(24)	(1)	(43)
Ending balance	$ 122	$ 86	$ 122	$ 86	$ 122

PENSION AND POSTRETIREMENT PL65

PENSION AND POSTRETIREMENT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Pension Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$ 325	$ 292	$ 650	$ 585
Interest cost	198	186	395	370
Expected return on plan assets	(625)	(520)	(1,250)	(1,040)
Amortization of net loss	82	112	165	225
Amortization of prior service credit	(19)	(19)	(38)	(38)
Amortization of transition obligation	0	0	0	0
Net periodic benefit (credit) cost	(39)	51	(78)	102
SERP Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	72	52	145	105
Interest cost	31	26	63	52
Expected return on plan assets	0	0	0	0
Amortization of net loss	31	13	61	26
Amortization of prior service credit	0	0	0	0
Amortization of transition obligation	1	7	2	14
Net periodic benefit (credit) cost	$ 135	$ 98	$ 271	$ 197

PENSION AND POSTRETIREMENT PL66

PENSION AND POSTRETIREMENT PLANS (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Contribution to the plan			$ 2,200
Reclassification of net periodic benefit credit components other than service cost from salaries and employee benefits expense to operating expense	$ 195		391
SERP Benefits
Defined Benefit Plan Disclosure [Line Items]
Distribution from the plan		$ 56	$ 56

SECURITIES SOLD UNDER AGREEME67

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Detail Textuals) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 1,437	$ 877
Carrying amount of U.S. GSE residential collateralized mortgage obligations and U.S. GSE residential mortgage-backed securities	2,400	$ 1,800
Maturing during the third quarter
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 1,400
U.S. GSE residential collateralized mortgage obligations
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	18.00%	52.00%
U.S. GSE residential mortgage-backed securities
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	82.00%	48.00%

FEDERAL HOME LOAN BANK ADVANC68

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Contractual Maturity, Amount
Overnight	$ 10,000	$ 185,000
2,018	290,000	315,083
2,019	863	1,291
Total FHLB advances except overnight advances	290,863	316,374
Total FHLB advances	$ 300,863	$ 501,374
Weighted Average Rate
Overnight (as a percent)	2.08%	1.53%
2018 (as a percent)	2.22%	1.59%
2019 (as a percent)	0.81%	0.94%
Weighted Average Rate for total FHLB advances except overnight advances (as a percent)	2.22%	1.59%
Weighted Average Rate for total FHLB advances (as a percent)	2.21%	1.57%

FEDERAL HOME LOAN BANK ADVANC69

FEDERAL HOME LOAN BANK ADVANCES (Detail Textuals) - USD ($) $ in Billions	Jun. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Advances collateralized amount	$ 1.3	$ 1.2
Maximum borrowing amount from FHLB term advances	$ 1.3

BORROWED FUNDS (Detail Textuals

BORROWED FUNDS (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2015	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 80,000
Subordinated debentures, net		$ 78,711	$ 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 Textua71

BORROWED FUNDS (Detail Textuals 1) - USD ($)	Dec. 15, 2016	Jan. 18, 2017	Jan. 17, 2017	Dec. 28, 2016	Dec. 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
Conversion price (in dollars per share)					$ 29

DERIVATIVES (Details)

DERIVATIVES (Details) - Interest rate swaps - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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)	2.33%	1.61%
Weighted average maturity	2 years 1 month 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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income
Interest rate contracts, Amount of gain (loss) recognized in OCI (Effective Portion)	$ 1,020	$ (1,385)	$ 3,847	$ (1,360)
Interest rate contracts, Amount of gain (loss) reclassified from OCI to interest expense	344	(459)	279	(734)
Interest rate contracts, Amount of loss recognized in other non-interest income (Ineffective Portion)	$ 0	$ 0	$ 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	Jun. 30, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 290,000	$ 290,000
Fair Value Asset	6,324	3,133
Fair Value Liability	$ (32)	$ (410)

DERIVATIVES (Details 3)

DERIVATIVES (Details 3) - Interest rate swaps - Non-Designated Hedges - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Derivatives
Notional amounts	$ 174,997	$ 147,967
Weighted average pay rates (as a percent)	4.32%	3.96%
Weighted average receive rates (as a percent)	4.32%	3.96%
Weighted average maturity	11 years 11 months 1 day	12 years 4 months 13 days
Fair value of combined interest rate swaps	$ 0	$ 0

DERIVATIVES (Detail Textuals)

DERIVATIVES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Derivative [Line Items]
Derivative asset position net	$ 8,500		$ 8,500
Collateral received against obligations in net asset position	8,300		8,300
Interest rate swaps | Derivative designated as a cash flow hedge
Derivative [Line Items]
Notional amounts	290,000		290,000		$ 290,000
Interest rate swaps | Derivative designated as a cash flow hedge | Federal Home Loan Bank
Derivative [Line Items]
Interest (income) expense on derivative	$ (344)	$ 459	(279)	$ 734
Reduction to interest expense			(279)
Reclassified estimated decrease in interest expense			$ 1,900

ACCUMULATED OTHER COMPREHENSI77

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
Unrealized holding (losses) gains on available for sale securities	$ (4,231)	$ 2,595	$ (12,818)	$ 4,211
Reclassification adjustment for losses realized in income	7,921	0	7,921	0
Income tax effect	(1,074)	(1,062)	1,425	(1,668)
Net change in unrealized gains (losses) on available for sale securities	2,616	1,533	(3,472)	2,543
Reclassification adjustment for amortization realized in income	95	113	190	227
Income tax effect	(27)	(47)	(55)	(64)
Net change in post-retirement obligation	68	66	135	163
Change in fair value of derivatives used for cash flow hedges	1,020	(1,385)	3,847	(1,360)
Reclassification adjustment for (gains) losses realized in income	(344)	459	(279)	734
Income tax effect	(197)	379	(1,038)	253
Net change in unrealized gains (losses) on cash flow hedges	479	(547)	2,530	(373)
Other comprehensive income (loss)	$ 3,163	$ 1,052	$ (807)	$ 2,333

ACCUMULATED OTHER COMPREHENSI78

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Unrealized losses on available for sale securities
Balance at the beginning of the period			$ (11,337)
Current Period Change	$ 2,616	$ 1,533	(3,472)	$ 2,543
Balance at the end of the period	(14,809)		(14,809)
Unrealized (losses) gain on pension benefits
Balance at the beginning of the period			(5,533)
Current Period Change	68	66	135	163
Balance at the end of the period	(5,398)		(5,398)
Unrealized gains on cash flow hedges
Balance at the beginning of the period			1,931
Current Period Change	479	(547)	2,530	(373)
Balance at the end of the period	4,461		4,461
Accumulated other comprehensive loss, net of income taxes
Balance at the beginning of the period			(14,939)
Current Period Change	3,163	$ 1,052	(807)	$ 2,333
Balance at the end of the period	$ (15,746)		$ (15,746)

ACCUMULATED OTHER COMPREHENSI79

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Amounts Reclassified from AOCI
Interest expense	$ 7,622	$ 5,441	$ 14,447	$ 10,197
Income tax benefit	1,701	4,505	4,882	8,821
Amount Reclassified from Accumulated Other Comprehensive Income
Amounts Reclassified from AOCI
Total reclassifications, before income tax	(7,672)	(572)	(7,832)	(961)
Income tax benefit	2,231	234	2,278	393
Total reclassifications, net of income tax	(5,441)	(338)	(5,554)	(568)
Amount Reclassified from Accumulated Other Comprehensive Income | Realized losses on sale of available for sale securities
Amounts Reclassified from AOCI
Net securities losses	(7,921)	0	(7,921)	0
Amount Reclassified from Accumulated Other Comprehensive Income | Prior service credit
Amounts Reclassified from AOCI
Other operating expenses	19	19	38	38
Amount Reclassified from Accumulated Other Comprehensive Income | Transition obligation
Amounts Reclassified from AOCI
Other operating expenses	(1)	(7)	(2)	(14)
Amount Reclassified from Accumulated Other Comprehensive Income | Actuarial losses
Amounts Reclassified from AOCI
Other operating expenses	(113)	(125)	(226)	(251)
Amount Reclassified from Accumulated Other Comprehensive Income | Realized losses on cash flow hedges
Amounts Reclassified from AOCI
Interest expense	$ 344	$ (459)	$ 279	$ (734)