Dime Community Bancshares (DCOM) 10-Q 9 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 28, 2017
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		19,703,865
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 47,541	$ 102,280
Interest earning deposits with banks	23,423	11,558
Total cash and cash equivalents	70,964	113,838
Securities available for sale, at fair value	823,515	819,722
Securities held to maturity (fair value of $214,622 and $222,878, respectively)	214,961	223,237
Total securities	1,038,476	1,042,959
Securities, restricted	35,249	34,743
Loans held for investment	2,657,519	2,600,440
Allowance for loan losses	(26,618)	(25,904)
Loans, net	2,630,901	2,574,536
Premises and equipment, net	35,124	35,263
Accrued interest receivable	10,259	10,233
Goodwill	105,950	105,950
Other intangible assets	5,649	5,824
Prepaid pension	7,112	7,070
Bank owned life insurance	85,803	85,243
Other assets	39,491	38,911
Total Assets	4,064,978	4,054,570
LIABILITIES AND STOCKHOLDERS' EQUITY
Demand deposits	1,087,434	1,151,268
Savings, NOW and money market deposits	1,685,546	1,568,009
Certificates of deposit of $100,000 or more	131,193	126,198
Other time deposits	78,694	80,534
Total deposits	2,982,867	2,926,009
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	491,177	496,684
Repurchase agreements	707	674
Subordinated debentures, net	78,537	78,502
Junior subordinated debentures, net		15,244
Other liabilities and accrued expenses	32,232	29,470
Total Liabilities	3,635,520	3,646,583
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; 19,698,265 and 19,106,246 shares issued, respectively; and 19,697,657 and 19,100,389 shares outstanding, respectively)	197	191
Surplus	344,842	329,427
Retained earnings	96,224	91,594
Treasury stock at cost, 608 and 5,857 shares, respectively	(22)	(161)
Total stockholders' equity before accumulated other comprehensive income (loss)	441,241	421,051
Accumulated other comprehensive loss, net of income tax	(11,783)	(13,064)
Total Stockholders' Equity	429,458	407,987
Total Liabilities and Stockholders' Equity	$ 4,064,978	$ 4,054,570

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Consolidated Balance Sheets
Securities held to maturity, fair value (in dollars)	$ 214,622	$ 222,878
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	19,698,265	19,106,246
Common stock, shares outstanding	19,697,657	19,100,389
Treasury Stock, shares	608	5,857

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest income:
Loans (including fee income)	$ 29,383	$ 27,949
Mortgage-backed securities, CMOs and other asset-backed securities	3,817	3,849
U.S. GSE securities	300	356
State and municipal obligations	995	894
Corporate bonds	290	277
Deposits with banks	46	37
Other interest and dividend income	386	245
Total interest income	35,217	33,607
Interest expense:
Savings, NOW and money market deposits	1,551	1,278
Certificates of deposit of $100,000 or more	379	215
Other time deposits	178	194
Federal funds purchased and repurchase agreements	316	185
Federal Home Loan Bank advances	1,149	827
Subordinated debentures	1,135	1,135
Junior subordinated debentures	48	341
Total interest expense	4,756	4,175
Net interest income	30,461	29,432
Provision for loan losses	800	1,250
Net interest income after provision for loan losses	29,661	28,182
Non-interest income:
Service charges on deposit accounts	1,179	1,073
Fees for other customer services	871	919
Net securities gains		66
Title fee income	550	477
BOLI income	560	371
Other operating income	962	1,089
Total non-interest income	4,122	3,995
Non-interest expense:
Salaries and employee benefits	11,304	10,537
Occupancy and equipment	3,398	2,924
Technology and communications	1,335	1,085
Marketing and advertising	911	757
Professional services	781	1,008
FDIC assessments	311	508
Acquisition costs		(270)
Amortization of other intangible assets	279	676
Other operating expenses	1,977	1,682
Total non-interest expense	20,296	18,907
Income before income taxes	13,487	13,270
Income tax expense	4,316	4,644
Net income	$ 9,171	$ 8,626
Basic earnings per share (in dollars per share)	$ 0.47	$ 0.49
Diluted earnings per share (in dollars per share)	$ 0.47	$ 0.49

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Consolidated Statements of Comprehensive Income
Net income	$ 9,171	$ 8,626
Other comprehensive income:
Change in unrealized net gains on securities available for sale, net of reclassifications and deferred income taxes	1,010	5,757
Adjustment to pension liability, net of reclassifications and deferred income taxes	97	61
Unrealized gains (losses) on cash flow hedges, net of reclassifications and deferred income taxes	174	(1,053)
Total other comprehensive income	1,281	4,765
Comprehensive income	$ 10,452	$ 13,391

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, 2015	$ 174	$ 278,333	$ 72,243		$ (9,622)	$ 341,128
Increase (Decrease) in Stockholders' Equity
Net income			8,626			8,626
Shares issued under the dividend reinvestment plan		221				221
Stock awards granted and distributed	1	(11)		10
Stock awards forfeited		50		(50)
Repurchase of surrendered stock from vesting of restricted stock awards				(291)		(291)
Share based compensation expense		506				506
Cash dividend declared, $0.23 per share			(4,017)			(4,017)
Other comprehensive income, net of deferred income taxes					4,765	4,765
Balance at Mar. 31, 2016	175	279,099	76,852	(331)	(4,857)	350,938
Balance at Dec. 31, 2016	191	329,427	91,594	(161)	(13,064)	407,987
Increase (Decrease) in Stockholders' Equity
Net income			9,171			9,171
Shares issued under the dividend reinvestment plan		222				222
Shares issued for trust preferred securities conversions (529,292 shares)	5	14,944				14,949
Stock awards granted and distributed	1	(374)		373
Stock awards forfeited		13		(13)
Repurchase of surrendered stock from vesting of restricted stock awards				(221)		(221)
Share based compensation expense		610				610
Cash dividend declared, $0.23 per share			(4,541)			(4,541)
Other comprehensive income, net of deferred income taxes					1,281	1,281
Balance at Mar. 31, 2017	$ 197	$ 344,842	$ 96,224	$ (22)	$ (11,783)	$ 429,458

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical) (unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Consolidated Statements of Stockholders' Equity
Number of shares issued for trust preferred securities conversions	529,292
Cash dividend declared (in dollars per share)	$ 0.23	$ 0.23

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 9,171	$ 8,626
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	800	1,250
Depreciation and (accretion)	(1,390)	(1,294)
Net amortization on securities	1,692	1,464
Increase in cash surrender value of bank owned life insurance	(560)	(371)
Amortization of intangible assets	279	676
Share based compensation expense	610	506
Net securities gains		(66)
Increase in accrued interest receivable	(26)	(712)
Small Business Administration ("SBA") loans originated for sale	(5,644)	(1,170)
Proceeds from sale of the guaranteed portion of SBA loans	6,303	1,310
Gain on sale of the guaranteed portion of SBA loans	(543)	(114)
(Increase) decrease in other assets	(836)	1,360
Decrease in accrued expenses and other liabilities	(336)	(2,126)
Net cash provided by operating activities	9,520	9,339
Cash flows from investing activities:
Purchases of securities available for sale	(30,421)	(145,053)
Purchases of securities, restricted	(246,765)	(23,445)
Purchases of securities held to maturity	(1,012)	(21,329)
Proceeds from sales of securities available for sale		28,705
Redemption of securities, restricted	246,259	23,368
Maturities, calls and principal payments of securities available for sale	29,945	46,817
Maturities, calls and principal payments of securities held to maturity	8,975	11,185
Net increase in loans	(55,171)	(76,145)
Proceeds from sales of other real estate owned, net		278
Purchase of premises and equipment	(809)	(960)
Net cash used in investing activities	(48,999)	(156,579)
Cash flows from financing activities:
Net increase in deposits	56,874	97,110
Net (decrease) increase in federal funds purchased	(50,000)	15,000
Net (decrease) increase in Federal Home Loan Bank advances	(5,410)	1,793
Repayment of junior subordinated debentures	(352)
Net increase in repurchase agreements	33	74
Net proceeds from issuance of common stock	222	221
Repurchase of surrendered stock from vesting of restricted stock awards	(221)	(291)
Cash dividends paid	(4,541)	(4,017)
Net cash (used in) provided by financing activities	(3,395)	109,890
Net decrease in cash and cash equivalents	(42,874)	(37,350)
Cash and cash equivalents at beginning of period	113,838	104,558
Cash and cash equivalents at end of period	70,964	67,208
Cash paid for:
Interest	6,008	5,251
Income tax		1,970
Noncash investing and financing activities:
Securities which settled in the subsequent period	3,080	$ 5,400
Conversion of junior subordinated debentures	$ 15,350

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2017
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Bridge Bancorp, Inc. (the “Company”) is a bank holding company incorporated under the laws of the State of New York. The Company’s business currently consists of the operations of its wholly-owned subsidiary, The Bridgehampton National Bank (the “Bank”). The Bank’s operations include its real estate investment trust subsidiary, Bridgehampton Community, Inc.; a financial title insurance subsidiary, Bridge Abstract LLC (“Bridge Abstract”); and The accompanying Unaudited Consolidated Financial Statements, which include the accounts of the Company and its wholly-owned subsidiary, the Bank, have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The Unaudited Consolidated Financial Statements included herein reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Such estimates are subject to change in the future as additional information becomes available or previously existing circumstances are modified. Actual future results could differ significantly from those estimates. The annualized results of operations for the three months ended March 31, 2017 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, 2016.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2017
EARNINGS PER SHARE
EARNINGS PER SHARE	2. EARNINGS PER SHARE Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) No. 260-10-45 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards and certain restricted stock units granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities. The following table presents the computation of EPS for the three months ended March 31, 2017 and 2016: Three months ended, March 31, ( In thousands, except per share data 2017 2016 Net income $ 9,171 $ 8,626 Dividends paid on and earnings allocated to participating securities (178 ) (170 ) Income attributable to common stock $ 8,993 $ 8,456 Weighted average common shares outstanding, including participating securities 19,669 17,479 Weighted average participating securities (392 ) (353 ) Weighted average common shares outstanding 19,277 17,126 Basic earnings per common share $ 0.47 $ 0.49 Income attributable to common stock $ 8,993 $ 8,456 Weighted average common shares outstanding 19,277 17,126 Incremental shares from assumed conversions of options and restricted stock units 19 11 Weighted average common and equivalent shares outstanding 19,296 17,137 Diluted earnings per common share $ 0.47 $ 0.49 There were no stock options outstanding at March 31, 2017. There were no stock options that were antidilutive for the three months ended March 31, 2016. There were 19,957 and 24,814 restricted stock units that were antidilutive for the three months ended March 31, 2017 and 2016, respectively. The $16.0 million in trust preferred securities outstanding at March 31, 2016 were not included in the computation of diluted EPS for the three months ended March 31, 2016 because the assumed conversion of the trust preferred securities was antidilutive during that period. The trust preferred securities were redeemed effective January 18, 2017.

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS	3 Months Ended
	Mar. 31, 2017
STOCK BASED COMPENSATION PLANS
STOCK BASED COMPENSATION PLANS	3. STOCK BASED COMPENSATION PLANS The Compensation Committee of the Board of Directors determines restricted stock awarded under the Bridge Bancorp, Inc. Equity Incentive Plan (“Plan”) and the Company accounts for this Plan under FASB ASC The following table summarizes the status of the Company’s unvested restricted stock as of and for the three months ended March 31, 2017: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2017 301,991 $ 24.59 Granted 68,981 $ 35.68 Vested (37,702 ) $ 21.59 Forfeited (550 ) $ 24.82 Unvested, March 31, 2017 332,720 $ 27.23 During the three months ended March 31, 2017, restricted stock awards of 68,981 shares were granted. Of the 68,981 shares granted, 31,860 shares vest over seven years with a third vesting after years five, six and seven, 25,396 shares vest over five years with a third vesting after years three, four and five, 8,270 shares vest ratably over three years, and 3,455 shares vest over six months. During the three months ended March 31, 2016, restricted stock awards of 63,709 shares were granted. Of the 63,709 shares granted, 36,000 shares vest over seven years with a third vesting after years five, six and seven, 27,209 shares vest over five years with a third vesting after years three, four and five, and 500 shares vest ratably over three years. Compensation expense attributable to restricted stock awards was $413,000 and $351,000 for the three months ended March 31, 2017 and 2016, respectively. Effective in 2015, the Board revised the design of the Long Term Incentive Plan (“LTI Plan”) for Named Executive Officers to include performance based awards. The LTI Plan includes 60% performance vested awards based on 3-year relative Total Shareholder Return to the proxy peer group and 40% time vested awards. The awards are in the form of restricted stock units which cliff vest after five years and require an additional two year holding period before being delivered in shares of common stock. The Company recorded expense of $69,000 and $40,000 in connection with these awards for the three months ended March 31, 2017 and 2016, respectively. 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 restricted stock units. In addition, directors receive a non-election retainer in the form of restricted stock units. These restricted stock units vest ratably over one year and have dividend rights but no voting rights. In connection with the Directors Plan, the Company recorded expense of $128,000 and $115,000 for the three months ended March 31, 2017 and 2016, respectively.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2017
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 and December 31, 2016 and the corresponding amounts of unrealized gains and losses therein: March 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 64,993 $ - $ (1,160 ) $ 63,833 State and municipal obligations 116,222 469 (960 ) 115,731 U.S. GSE residential mortgage-backed securities 182,139 41 (2,358 ) 179,822 U.S. GSE residential collateralized mortgage obligations 356,471 217 (5,200 ) 351,488 U.S. GSE commercial mortgage-backed securities 6,296 25 (37 ) 6,284 U.S. GSE commercial collateralized mortgage obligations 54,370 3 (1,028 ) 53,345 Other asset backed securities 24,250 - (1,455 ) 22,795 Corporate bonds 32,000 - (1,783 ) 30,217 Total available for sale 836,741 755 (13,981 ) 823,515 Held to maturity: State and municipal obligations 65,064 1,274 (87 ) 66,251 U.S. GSE residential mortgage-backed securities 12,973 - (285 ) 12,688 U.S. GSE residential collateralized mortgage obligations 59,590 338 (586 ) 59,342 U.S. GSE commercial mortgage-backed securities 28,595 98 (495 ) 28,198 U.S. GSE commercial collateralized mortgage obligations 37,739 30 (659 ) 37,110 Corporate bonds 11,000 33 - 11,033 Total held to maturity 214,961 1,773 (2,112 ) 214,622 Total securities $ 1,051,702 $ 2,528 $ (16,093 ) $ 1,038,137 December 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 64,993 $ - $ (1,344 ) $ 63,649 State and municipal obligations 117,292 212 (1,339 ) 116,165 U.S. GSE residential mortgage-backed securities 160,446 16 (2,414 ) 158,048 U.S. GSE residential collateralized mortgage obligations 373,098 149 (5,736 ) 367,511 U.S. GSE commercial mortgage-backed securities 6,337 6 (36 ) 6,307 U.S. GSE commercial collateralized mortgage obligations 56,148 - (956 ) 55,192 Other asset backed securities 24,250 - (1,697 ) 22,553 Corporate bonds 32,000 - (1,703 ) 30,297 Total available for sale 834,564 383 (15,225 ) 819,722 Held to maturity: State and municipal obligations 66,666 1,085 (130 ) 67,621 U.S. GSE residential mortgage-backed securities 13,443 - (287 ) 13,156 U.S. GSE residential collateralized mortgage obligations 61,639 352 (552 ) 61,439 U.S. GSE commercial mortgage-backed securities 28,772 136 (509 ) 28,399 U.S. GSE commercial collateralized mortgage obligations 41,717 93 (573 ) 41,237 Corporate bonds 11,000 26 - 11,026 Total held to maturity 223,237 1,692 (2,051 ) 222,878 Total securities $ 1,057,801 $ 2,075 $ (17,276 ) $ 1,042,600 The following table summarizes the amortized cost and estimated fair value by contractual maturity of the available for sale and held to investment securities portfolio at March 31, 2017 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 10,591 $ 10,591 One to five years 86,316 85,639 Five to ten years 147,617 144,678 Beyond ten years 592,217 582,607 Total $ 836,741 $ 823,515 Held to maturity: Within one year $ 19,276 $ 19,307 One to five years 36,138 36,210 Five to ten years 56,800 57,517 Beyond ten years 102,747 101,588 Total $ 214,961 $ 214,622 The following tables summarize securities with gross unrealized losses at March 31, 2017 and December 31, 2016, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position: March 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 $ 63,833 $ (1,160 ) $ - $ - State and municipal obligations 67,719 (945 ) 751 (15 ) U.S. GSE residential mortgage-backed securities 153,469 (2,352 ) 238 (6 ) U.S. GSE residential collateralized mortgage obligations 284,303 (4,556 ) 23,390 (644 ) U.S. GSE commercial mortgage-backed securities 2,556 (37 ) - - U.S. GSE commercial collateralized mortgage obligations 41,896 (790 ) 9,341 (238 ) Other asset backed securities - - 22,795 (1,455 ) Corporate bonds 8,432 (568 ) 21,785 (1,215 ) Total available for sale 622,208 (10,408 ) 78,300 (3,573 ) Held to maturity: State and municipal obligations 20,480 (87 ) - - U.S. GSE residential mortgage-backed securities 12,688 (285 ) - - U.S. GSE residential collateralized mortgage obligations 39,134 (500 ) 3,733 (86 ) U.S. GSE commercial mortgage-backed securities 12,847 (255 ) 5,782 (240 ) U.S. GSE commercial collateralized mortgage obligations 17,447 (307 ) 8,579 (352 ) Corporate bonds - - - - Total held to maturity $ 102,596 $ (1,434 ) $ 18,094 $ (678 ) December 31, 2016 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 $ 63,649 $ (1,344 ) $ - $ - State and municipal obligations 78,883 (1,338 ) 240 (1 ) U.S. GSE residential mortgage-backed securities 140,514 (2,409 ) 241 (5 ) U.S. GSE residential collateralized mortgage obligations 319,197 (5,221 ) 15,627 (515 ) U.S. GSE commercial mortgage-backed securities 2,573 (36 ) - - U.S. GSE commercial collateralized mortgage obligations 48,901 (886 ) 6,292 (70 ) Other asset backed securities - - 22,552 (1,697 ) Corporate bonds 17,834 (1,166 ) 12,463 (537 ) Total available for sale 671,551 (12,400 ) 57,415 (2,825 ) Held to maturity: State and municipal obligations 21,867 (130 ) - - U.S. GSE residential mortgage-backed securities 13,156 (287 ) - - U.S. GSE residential collateralized mortgage obligations 31,297 (455 ) 3,873 (97 ) U.S. GSE commercial mortgage-backed securities 12,860 (286 ) 5,877 (223 ) U.S. GSE commercial collateralized mortgage obligations 22,666 (372 ) 3,790 (201 ) Corporate bonds - - - - Total held to maturity $ 101,846 $ (1,530 ) $ 13,540 $ (521 ) 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 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 Aaa Moody’s rating during the time the Bank has owned them. None of the unrealized losses are 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 There were no proceeds from sales of securities for the three months ended the . There were $28.7 million of proceeds from sales of securities with gross gains of approximately $0.3 million and gross losses of approximately $0.2 million realized for the three months ended March 31, 2016. Proceeds from calls of securities were $0.2 million and $30.6 million for the three months ended , respectively. Securities having a fair value of $628.0 million and $570.1 million at March 31, 2017 and December 31, 2016 the three months ended 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 $35.2 million and $34.7 million in FHLB, ACBB and FRB stock at March 31, 2017 and December 31, 2016, respectively. These amounts were reported as restricted securities in the consolidated balance sheets.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2017
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE	5. FAIR VALUE FASB ASC No. 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The following tables summarize assets and liabilities measured at fair value on a recurring basis: March 31, 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 $ 63,833 $ 63,833 State and municipal obligations 115,731 115,731 U.S. GSE residential mortgage-backed securities 179,822 179,822 U.S. GSE residential collateralized mortgage obligations 351,488 351,488 U.S. GSE commercial mortgage-backed securities 6,284 6,284 U.S. GSE commercial collateralized mortgage obligations 53,345 53,345 Other asset backed securities 22,795 22,795 Corporate bonds 30,217 30,217 Total available for sale securities $ 823,515 $ 823,515 Derivatives $ 2,752 $ 2,752 Financial liabilities: Derivatives $ 1,611 $ 1,611 December 31, 2016 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 $ 63,649 $ 63,649 State and municipal obligations 116,165 116,165 U.S. GSE residential mortgage-backed securities 158,048 158,048 U.S. GSE residential collateralized mortgage obligations 367,511 367,511 U.S. GSE commercial mortgage-backed securities 6,307 6,307 U.S. GSE commercial collateralized mortgage obligations 55,192 55,192 Other asset backed securities 22,553 22,553 Corporate bonds 30,297 30,297 Total available for sale securities $ 819,722 $ 819,722 Derivatives $ 2,510 $ 2,510 Financial liabilities: Derivatives $ 1,670 $ 1,670 The following tables summarize assets measured at fair value on a non-recurring basis: March 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 $ 58 $ 58 December 31, 2016 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 $ 64 $ 64 Impaired loans with an allocated allowance for loan losses at March 31, 2017 had a carrying amount of $0.06 million, which is made up of the outstanding balance of $0.06 million, net of a valuation allowance of $0.004 million. This resulted in an additional provision for loan losses of $0.004 million that is included in the amount reported on the Consolidated Statements of Income. Impaired loans with an allocated allowance for loan losses at December 31, 2016 had a carrying amount of $0.06 million, which is made up of the outstanding balance of $0.07 million, net of a valuation allowance of $0.01 million. This resulted in an additional provision for loan losses of $0.01 million that is included in the amount reported on the Consolidated Statements of Income. There was no other real estate owned at March 31, 2017 and December 31, 2016. Accordingly, there was no additional provision for loan losses included in the amount reported on the Consolidated Statements of Income. The Company used the following methods and assumptions in estimating the fair value of its financial instruments: Cash and Due from Banks and Federal Funds Sold: Securities Available for Sale and Held to Maturity: Restricted Securities: Derivatives: Loans: 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: Subordinated Debentures: Junior Subordinated Debentures: Accrued Interest Receivable and Payable: Off-Balance-Sheet Liabilities: Fair value estimates are made at specific points in time and are based on existing on-and off-balance sheet financial instruments. These estimates are subjective in nature and dependent on a number of significant assumptions associated with each financial instrument or group of financial instruments, including estimates of discount rates, risks associated with specific financial instruments, estimates of future cash flows, and relevant available market information. Changes in assumptions could significantly affect the estimates. In addition, fair value estimates do not reflect the value of anticipated future business, premiums or discounts that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument, or the tax consequences of realizing gains or losses on the sale of financial instruments. The following tables summarize the estimated fair values and recorded carrying amounts of the Company’s financial instruments at March 31, 2017 and December 31, 2016: March 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 $ 47,541 $ 47,541 $ - $ - $ 47,541 Interest bearing deposits with banks 23,423 23,423 - - 23,423 Securities available for sale 823,515 - 823,515 - 823,515 Securities restricted 35,249 n/a n/a n/a n/a Securities held to maturity 214,961 - 214,622 - 214,622 Loans, net 2,630,901 - - 2,593,409 2,593,409 Derivatives 2,752 - 2,752 - 2,752 Accrued interest receivable 10,259 - 4,008 6,251 10,259 Financial liabilities: Certificates of deposit 209,887 - 209,304 - 209,304 Demand and other deposits 2,772,980 2,772,980 - - 2,772,980 Federal funds purchased 50,000 50,000 - - 50,000 Federal Home Loan Bank advances 491,177 43,000 447,354 - 490,354 Repurchase agreements 707 - 707 - 707 Subordinated debentures 78,537 - - 78,048 78,048 Junior subordinated debentures - - - - - Derivatives 1,611 - 1,611 - 1,611 Accrued interest payable 550 - 538 12 550 December 31, 2016 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 $ 102,280 $ 102,280 $ - $ - $ 102,280 Interest bearing deposits with banks 11,558 11,558 - - 11,558 Securities available for sale 819,722 - 819,722 - 819,722 Securities restricted 34,743 n/a n/a n/a n/a Securities held to maturity 223,237 - 222,878 - 222,878 Loans, net 2,574,536 - - 2,542,395 2,542,395 Derivatives 2,510 - 2,510 - 2,510 Accrued interest receivable 10,233 - 3,480 6,753 10,233 Financial liabilities: Certificates of deposit 206,732 - 206,026 - 206,026 Demand and other deposits 2,719,277 2,719,277 - - 2,719,277 Federal funds purchased 100,000 100,000 - - 100,000 Federal Home Loan Bank advances 496,684 175,000 321,249 - 496,249 Repurchase agreements 674 - 674 - 674 Subordinated debentures 78,502 - - 78,303 78,303 Junior subordinated debentures 15,244 - - 15,258 15,258 Derivatives 1,670 - 1,670 - 1,670 Accrued interest payable 1,849 87 316 1,446 1,849

LOANS

LOANS	3 Months Ended
	Mar. 31, 2017
LOANS
LOANS	6. LOANS The following table sets forth the major classifications of loans: ( In thousands March 31, 2017 December 31, 2016 Commercial real estate mortgage loans $ 1,030,094 $ 1,016,983 Multi-family mortgage loans 535,295 518,146 Residential real estate mortgage loans 443,062 439,653 Commercial, industrial and agricultural loans 541,940 524,450 Real estate construction and land loans 85,704 80,605 Installment/consumer loans 16,863 16,368 Total loans 2,652,958 2,596,205 Net deferred loan costs and fees 4,561 4,235 Total loans held for investment 2,657,519 2,600,440 Allowance for loan losses (26,618 ) (25,904 ) Net loans $ 2,630,901 $ 2,574,536 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 $438.3 million and $464.2 million of acquired CNB loans remaining as of March 31, 2017 and December 31, 2016, 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 $26.0 million and $26.5 million of acquired FNBNY loans remaining as of March 31, 2017 and December 31, 2016, 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 are secured by real estate in these areas. Accordingly, the ultimate collectibility 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 $0.25 million in this category. In the case of owner-occupied real estate used for business purposes, a weakened economy and resultant decreased consumer and/or business spending will have an adverse effect on credit quality. Multi-Family Mortgages Loans in this classification include income producing residential investment properties of five or more families. The loans are usually made in areas with limited single family residences generating high demand for these facilities. Loans are made to established owners with a proven and demonstrable record of strong performance. Loans are secured by a first mortgage lien on the subject property with a loan to value ratio generally not exceeding 75%. Repayment is derived generally from the rental income generated from the property and may be supplemented by the owners’ personal cash flow. Credit risk arises with an increase in vacancy rates, property mismanagement and the predominance of non-recourse loans that are customary in the industry. Residential Real Estate Mortgages and Home Equity Loans Loans in these classifications are generally secured by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, can have an effect on the credit quality in this loan class. The Bank generally does not originate loans with a loan-to-value ratio greater than 80% and does not grant subprime loans. Commercial, Industrial and Agricultural Loans Loans in this classification are made to businesses and include term loans, lines of credit, senior secured loans to corporations, equipment financing and taxi medallion loans. Generally these loans are secured by assets of the business and repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer and/or business spending, will have an effect on the credit quality in this loan class. Real Estate Construction and Land Loans Loans in this classification primarily include land loans to local individuals, contractors and developers for developing the land for sale or for the purpose of making improvements thereon. Repayment is derived primarily from sale of the lots/units including any pre-sold units. Credit risk is affected by market conditions, time to sell at an adequate price and cost overruns. To a lesser extent this class includes commercial development projects that the Company finances, which in most cases require interest only during construction, and then convert to permanent financing. Construction delays, cost overruns, market conditions and the availability of permanent financing, to the extent such permanent financing is not being provided by the Bank, all affect the credit risk in this loan class. Installment and Consumer Loans Loans in this classification may be either secured or unsecured. Repayment is dependent on the credit quality of the individual borrower and, if applicable, sale of the collateral securing the loan, such as automobiles. Therefore, the overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this loan class. Credit Quality Indicators The Company categorizes loans into risk categories of pass, special mention, substandard and doubtful based on relevant information about the ability of borrowers to service their debt including repayment patterns, probable incurred losses, past loss experience, current economic conditions, and various types of concentrations of credit. Assigned risk rating grades are continuously updated as new information is obtained. Loans risk rated special mention, substandard and doubtful are reviewed on a quarterly basis. The Company uses the following definitions for risk rating grades: Pass: Special mention: Substandard: Doubtful: The following tables represent loans categorized by class and internally assigned risk grades as of March 31, 2017 and December 31, 2016: March 31, 2017 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 408,052 $ 19,243 $ 744 $ - $ 428,039 Non-owner occupied 578,081 21,141 2,833 - 602,055 Multi-family 535,295 - - - 535,295 Residential real estate: Residential mortgage 366,217 7,765 1,932 - 375,914 Home equity 66,084 484 580 - 67,148 Commercial and industrial: Secured 75,837 31,190 1,870 - 108,897 Unsecured 425,546 4,651 2,846 - 433,043 Real estate construction and land loans 85,374 - 330 - 85,704 Installment/consumer loans 16,763 - 100 - 16,863 Total loans $ 2,557,249 $ 84,474 $ 11,235 $ - $ 2,652,958 At March 31, 2017 there were $0.01 million and $1.5 million of acquired CNB loans included in the special mention and substandard grades, respectively, and $0.2 million and $0.2 million of acquired FNBNY loans included in the special mention and substandard grades, respectively. December 31, 2016 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 404,584 $ 18,909 $ 722 $ - $ 424,215 Non-owner occupied 569,870 20,035 2,863 - 592,768 Multi-family 518,146 - - - 518,146 Residential real estate: Residential mortgage 372,853 82 1,583 - 374,518 Home equity 64,195 563 377 - 65,135 Commercial and industrial: Secured 75,837 31,143 2,254 - 109,234 Unsecured 409,879 2,493 2,844 - 415,216 Real estate construction and land loans 80,272 - 333 - 80,605 Installment/consumer loans 16,268 - 100 - 16,368 Total loans $ 2,511,904 $ 73,225 $ 11,076 $ - $ 2,596,205 At December 31, 2016 there were $0.01 million and $1.5 million of acquired CNB loans included in the special mention and substandard grades, respectively, and $0.2 million and $0.2 million of acquired FNBNY loans included in the special mention and substandard grades, respectively. Past Due and Nonaccrual Loans The following tables represent the aging of the recorded investment in past due loans as of March 31, 2017 and December 31, 2016 by class of loans, as defined by FASB ASC 310-10: March 31, 2017 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Commercial real estate: Owner occupied $ 881 $ - $ 507 $ 171 $ 1,559 $ 426,480 $ 428,039 Non-owner occupied 1,191 - - - 1,191 600,864 602,055 Multi-family 443 - - - 443 534,852 535,295 Residential real estate: Residential mortgages 975 - - 758 1,733 374,181 375,914 Home equity 249 - 246 262 757 66,391 67,148 Commercial and industrial: Secured 291 - 209 - 500 108,397 108,897 Unsecured 586 45 110 65 806 432,237 433,043 Real estate construction and land loans - - - - - 85,704 85,704 Installment/consumer loans 15 - - 1 16 16,847 16,863 Total loans $ 4,631 $ 45 $ 1,072 $ 1,257 $ 7,005 $ 2,645,953 $ 2,652,958 December 31, 2016 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Loans Commercial real estate: Owner occupied $ 222 $ - $ 467 $ 184 $ 873 $ 423,342 $ 424,215 Non-owner occupied - - - - - 592,768 592,768 Multi-family - - - - - 518,146 518,146 Residential real estate: Residential mortgages 1,232 - - 770 2,002 372,516 374,518 Home equity 532 - 238 265 1,035 64,100 65,135 Commercial and industrial: Secured 27 - 204 - 231 109,003 109,234 Unsecured 115 - 118 22 255 414,961 415,216 Real estate construction and land loans - - - - - 80,605 80,605 Installment/consumer loans 28 - - - 28 16,340 16,368 Total loans $ 2,156 $ - $ 1,027 $ 1,241 $ 4,424 $ 2,591,781 $ 2,596,205 There were no FNBNY acquired loans 30-89 days past due at March 31, 2017 and December 31, 2016. There were $3.2 million and $1.0 million of CNB acquired loans that were 30-89 days past due March 31, 2017 and December 31, 2016, respectively. All loans 90 days or more past due that are still accruing interest represent loans acquired from CNB, FNBNY and Hamptons State Bank (“HSB”) which were recorded at fair value upon acquisition. These loans are considered to be accruing as management can reasonably estimate future cash flows and expects to fully collect the carrying value of these acquired loans. Therefore, the difference between the carrying value of these loans and their expected cash flows is being accreted into income. Impaired Loans At March 31, 2017 and December 31, 2016, the Company had individually impaired loans as defined by FASB ASC No. 310, “Receivables” of $11.0 million and $3.4 million, respectively. 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 troubled debt restructurings (“TDRs”). For impaired loans, the Bank evaluates the impairment of the loan in accordance with FASB ASC 310-10-35-22. Impairment is determined based on the present value of expected future cash flows discounted at the loan’s effective interest rate. For loans that are collateral dependent, the fair value of the collateral is used to determine the fair value of the loan. The fair value of the collateral is determined based on recent appraised values. The fair value of the collateral or present value of expected cash flows is compared to the carrying value to determine if any write-down or specific loan loss allowance allocation is required. The following tables set forth the recorded investment, unpaid principal balance and related allowance by class of loans at March 31, 2017 and December 31, 2016 for individually impaired loans. The tables also set forth the average recorded investment of individually impaired loans and interest income recognized while the loans were impaired during the three months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 March 31, 2017 Recorded Unpaid Related Average Interest Income ( In thousands With no related allowance recorded: Commercial real estate: Owner occupied $ 311 $ 529 $ - $ 158 $ 2 Non-owner occupied 1,205 1,205 - 604 18 Residential real estate: Residential mortgages 8,273 8,319 - 4,139 79 Home equity 261 284 - 131 - Commercial and industrial: Secured 543 543 - 270 8 Unsecured 384 384 - 196 5 Total with no related allowance recorded $ 10,977 $ 11,264 $ - $ 5,498 $ 112 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - Non-owner occupied - - - - - Residential real estate: Residential mortgages - - - - - Home equity - - - - - Commercial and industrial: Secured - - - - - Unsecured 62 62 4 32 1 Total with an allowance recorded $ 62 $ 62 $ 4 $ 32 $ 1 Total: Commercial real estate: Owner occupied $ 311 $ 529 $ - $ 158 $ 2 Non-owner occupied 1,205 1,205 - 604 18 Residential real estate: Residential mortgages 8,273 8,319 - 4,139 79 Home equity 261 284 - 131 - Commercial and industrial: Secured 543 543 - 270 8 Unsecured 446 446 4 228 6 Total $ 11,039 $ 11,326 $ 4 $ 5,530 $ 113 Three Months Ended December 31, 2016 March 31, 2016 ( In thousands Recorded Unpaid Related Average Interest Income With no related allowance recorded: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 376 $ 2 Non-owner occupied 1,213 1,213 - 1,240 19 Residential real estate: Residential mortgages 520 558 - 198 - Home equity 264 285 - 674 - Commercial and industrial: Secured 556 556 - 129 3 Unsecured 408 408 - 492 4 Total with no related allowance recorded $ 3,287 $ 3,558 $ - $ 3,109 $ 28 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - Non-owner occupied - - - - - Residential real estate: Residential mortgages - - - - - Home equity - - - - - Commercial and industrial: Secured - - - - - Unsecured 66 66 1 188 2 Total with an allowance recorded $ 66 $ 66 $ 1 $ 188 $ 2 Total: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 376 $ 2 Non-owner occupied 1,213 1,213 - 1,240 19 Residential real estate: Residential mortgages 520 558 - 198 - Home equity 264 285 - 674 - Commercial and industrial: Secured 556 556 - 129 3 Unsecured 474 474 1 680 6 Total $ 3,353 $ 3,624 $ 1 $ 3,297 $ 30 The Bank had no other real estate owned at March 31, 2017 and December 31, 2016. Troubled Debt Restructurings The terms of certain loans were modified and are considered TDRs. The modification of the terms of such loans generally includes one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. The modification of these loans involved loans to borrowers who were experiencing financial difficulties. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed to determine if that borrower is currently in payment default under any of its obligations or whether there is a probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. During the three months ended March 31, 2017, the Bank modified two loans as TDRs totaling $7.8 million compared to two loans as TDRs totaling $0.6 million for the three months ended March 31, 2016. During the quarters ended March 31, 2017 and 2016, there were no charge offs relating to TDRs and there were no loans modified as TDRs for which there was a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of March 31, 2017 and December 31, 2016, the Company had $0.3 million of nonaccrual TDRs and $10.1 million and $2.4 million, respectively, of performing TDRs. At March 31, 2017 and December 31, 2016, total nonaccrual TDRs are secured with collateral that has an appraised value of $1.3 million. The Bank has no commitment to lend additional funds to these debtors. The terms of certain other loans were modified during the three months ended March 31, 2017 that did not meet the definition of a TDR. These loans have a total recorded investment at March 31, 2017 of $13.6 million. These loans were to borrowers who were not experiencing financial difficulties. Acquired Loans Loans acquired in a business combination are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. In determining the acquisition date fair value of purchased loans, acquired loans are aggregated into pools of loans with common characteristics. Each loan is reviewed at acquisition to determine if it should be accounted for as a loan that has experienced credit deterioration and it is probable that, at acquisition, the Company will not be able to collect all the contractual principal and interest due from the borrower. All loans with evidence of deterioration in credit quality are considered purchased credit impaired (“PCI”) loans unless the loan type is specifically excluded from the scope of FASB ASC 310-30 “Loans and Debt Securities Acquired with Deteriorated Credit Quality,” such as loans with active revolver features, or because management has minimal doubt about the collection of the loan. The Bank makes an estimate of the loans’ contractual principal and contractual interest payments as well as the expected total cash flows from the pools of loans, which includes undiscounted expected principal and interest. The excess of contractual amounts over the total cash flows expected to be collected from the loans is referred to as non-accretable difference, which is not accreted into income. The excess of the expected undiscounted cash flows over the fair value of the loans is referred to as accretable discount. Accretable discount is recognized as interest income on a level-yield basis over the life of the loans. Management has not included prepayment assumptions in its modeling of contractual or expected cash flows. The Bank continues to estimate cash flows expected to be collected over the life of the loans. Subsequent increases in total cash flows expected to be collected are recognized as an adjustment to the accretable yield with the amount of periodic accretion adjusted over the remaining life of the loans. Subsequent decreases in cash flows expected to be collected over the life of the loans are recognized as impairment in the current period through the allowance for loan losses. A PCI loan may be resolved either through a sale of the loan, by working with the customer and obtaining partial or full repayment, by short sale of the collateral, or by foreclosure. When a loan accounted for in a pool is resolved, it is removed from the pool at its carrying amount. Any differences between the amounts received and the outstanding balance are absorbed by the non-accretable difference of the pool. For loans not accounted for in pools, a gain or loss on resolution would be recognized based on the difference between the proceeds received and the carrying amount of the loan. Payments received earlier than expected or in excess of expected cash flows from sales or other resolutions may result in the carrying value of a pool being reduced to zero even though outstanding contractual balances and expected cash flows remain related to loans in the pool. Once the carrying value of a pool is reduced to zero, any future proceeds from the remaining loans, representing further realization of accretable yield, are recognized as interest income upon receipt. These proceeds may include cash or real estate acquired in foreclosure. At the acquisition date, the PCI loans acquired as part of the FNBNY acquisition had contractually required principal and interest payments receivable of $40.3 million, expected cash flows of $28.4 million, and a fair value (initial carrying amount) of $21.8 million. The difference between the contractually required principal and interest payments receivable and the expected cash flows of $11.9 million represented the non-accretable difference. The difference between the expected cash flows and fair value of $6.6 million represented the initial accretable yield. At March 31, 2017, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $11.1 million and $6.9 million, respectively, with a remaining non-accretable difference of $1.3 million. At December 31, 2016, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $12.2 million and $7.0 million, respectively, with a remaining non-accretable difference of $1.3 million. At the acquisition date, the PCI loans acquired as part of the CNB acquisition had contractually required principal and interest payments receivable of $23.4 million, expected cash flows of $10.1 million, and a fair value (initial carrying amount) of $8.7 million. The difference between the contractually required principal and interest payments receivable and the expected cash flows of $13.3 million represented the non-accretable difference. The difference between the expected cash flows and fair value of $1.4 million represented the initial accretable yield. At March 31, 2017, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $11.7 million and $2.8 million, respectively, with a remaining non-accretable difference of $6.5 million. At December 31, 2016, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $12.2 million and $2.3 million, respectively, with a remaining non-accretable difference of $6.9 million. The following table summarizes the activity in the accretable yield for the PCI loans: Three Months Ended March 31, ( In thousands 2017 2016 Balance at beginning of period $ 6,915 $ 7,113 Accretion (1,857 ) (792 ) Reclassification from nonaccretable difference during the period 275 133 Other - 418 Accretable discount at end of period $ 5,333 $ 6,872

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2017
ALLOWANCE FOR LOAN LOSSES
ALLOWANCE FOR LOAN LOSSES	7. ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is established and maintained through a provision for loan losses based on probable incurred losses in the Bank’s loan portfolio. Management evaluates the adequacy of the allowance quarterly. The allowance is comprised of both individual valuation allowances and loan pool valuation allowances. The Bank monitors its entire loan portfolio regularly, with consideration given to detailed analysis of classified loans, repayment patterns, probable incurred losses, past loss experience, current economic conditions, and various types of concentrations of credit. Additions to the allowance are charged to expense and realized losses, net of recoveries, are charged to the allowance. Individual valuation allowances are established in connection with specific loan reviews and the asset classification process including the procedures for impairment testing under FASB ASC No. 310, “Receivables”. Such valuation, which includes a review of loans for which full collectibility in accordance with contractual terms is not reasonably assured, considers the estimated fair value of the underlying collateral less the costs to sell, if any, or the present value of expected future cash flows, or the loan’s observable market value. Any shortfall that exists from this analysis results in a specific allowance for the loan. Pursuant to the Company’s policy, loan losses must be charged-off in the period the loans, or portions thereof, are deemed uncollectible. Assumptions and judgments by management, in conjunction with outside sources, are used to determine whether full collectibility of a loan is not reasonably assured. These assumptions and judgments are also used to determine the estimates of the fair value of the underlying collateral or the present value of expected future cash flows or the loan’s observable market value. Individual valuation allowances could differ materially as a result of changes in these assumptions and judgments. Individual loan analyses are periodically performed on specific loans considered impaired. The results of the individual valuation allowances are aggregated and included in the overall allowance for loan losses. Loan pool valuation allowances represent loss allowances that have been established to recognize the inherent risks associated with the Bank’s lending activities, but which, unlike individual allowances, have not been allocated to particular problem assets. Pool evaluations are broken down into loans with homogenous characteristics by loan type and include commercial real estate mortgages, owner and non-owner occupied; multi-family mortgage loans; residential real estate mortgages; home equity loans; commercial, industrial and agricultural loans, secured and unsecured; real estate construction and land loans; and consumer loans. Management considers a variety of factors in determining the adequacy of the valuation allowance and has developed a range of valuation allowances necessary to adequately provide for probable incurred losses in each pool of loans. Management considers the Bank’s charge-off history along with the growth in the portfolio as well as the Bank’s credit administration and asset management philosophies and procedures when determining the allowances for each pool. In addition, management evaluates and considers the credit’s risk rating which includes management’s evaluation of: cash flow, collateral, guarantor support, financial disclosures, industry trends and strength of borrowers’ management, the impact that economic and market conditions may have on the portfolio as well as known and inherent risks in the portfolio. Finally, management evaluates and considers the allowance ratios and coverage percentages of both peer group and regulatory agency data. These evaluations are inherently subjective because, even though they are based on objective data, it is management’s interpretation of that data that determines the amount of the appropriate allowance. If the evaluations prove to be incorrect, the allowance for loan losses may not be sufficient to cover losses inherent in the loan portfolio, resulting in additions to the allowance for loan losses. For PCI loans, a valuation allowance is established when it is probable that the Bank will be unable to collect all the cash flows expected at acquisition plus additional cash flows expected to be collected arising from changes in estimate after acquisition. A specific allowance is established when subsequent evaluations of expected cash flows from PCI loans reflect a decrease in those estimates. The allowance established represents the excess of the recorded investment in those loans over the present value of the currently estimated future cash flow, discounted at the last effective accounting yield. The Bank uses assumptions and methodologies that are relevant to estimating the level of impairment and probable losses in the loan portfolio. To the extent that the data supporting such assumptions has limitations, management's judgment and experience play a key role in recording the allowance estimates. Additions to the allowance for loan losses are made by provisions charged to earnings. Furthermore, an improvement in the expected cash flows related to PCI loans would result in a reduction of the required specific allowance with a corresponding credit to the provision. The Credit Risk Management Committee (“CRMC”) is comprised of Bank management. The adequacy of the allowance is analyzed quarterly, with any adjustment to a level deemed appropriate by the CRMC, based on its risk assessment of the entire portfolio. Each quarter, members of the CRMC meet with the Credit Risk Committee of the Board to review credit risk trends and the adequacy of the allowance for loan losses. Based on the CRMC’s review of the classified loans and the overall allowance levels as they relate to the entire loan portfolio at March 31, 2017 and December 31, 2016, management believes the allowance for loan losses has been established at levels sufficient to cover the probable incurred losses in the Bank’s loan portfolio. Future additions or reductions to the allowance may be necessary based on changes in economic, market or other conditions. Changes in estimates could result in a material change in the allowance. In addition, various regulatory agencies, as an integral part of the examination process, periodically review the allowance for loan losses. Such agencies may require the Bank to recognize adjustments to the allowance based on their judgments of the information available to them at the time of their examination. The following tables represent the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment, as defined under FASB ASC 310-10, and based on impairment method as of March 31, 2017 and December 31, 2016. The tables include loans acquired from CNB and FNBNY. At March 31, 2017 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 4 $ - $ - $ 4 Collectively evaluated for impairment 7,745 6,480 2,027 9,194 1,058 110 26,614 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 7,745 $ 6,480 $ 2,027 $ 9,198 $ 1,058 $ 110 $ 26,618 Loans: Individually evaluated for impairment $ 1,516 $ - $ 8,534 $ 989 $ - $ - $ 11,039 Collectively evaluated for impairment 1,026,372 532,016 433,653 537,154 85,704 16,863 2,631,762 Loans acquired with deteriorated credit quality 2,206 3,279 875 3,797 - - 10,157 Total loans $ 1,030,094 $ 535,295 $ 443,062 $ 541,940 $ 85,704 $ 16,863 $ 2,652,958 At December 31, 2016 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 1 $ - $ - $ 1 Collectively evaluated for impairment 8,759 6,264 1,961 7,836 955 128 25,903 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 8,759 $ 6,264 $ 1,961 $ 7,837 $ 955 $ 128 $ 25,904 Loans: Individually evaluated for impairment $ 1,539 $ - $ 784 $ 1,030 $ - $ - $ 3,353 Collectively evaluated for impairment 1,013,563 514,853 437,999 519,686 80,605 16,368 2,583,074 Loans acquired with deteriorated credit quality 1,881 3,293 870 3,734 - - 9,778 Total loans $ 1,016,983 $ 518,146 $ 439,653 $ 524,450 $ 80,605 $ 16,368 $ 2,596,205 The following tables represent the changes in the allowance for loan losses for the three months ended March 31, 2017 and 2016, 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. For the Three Months Ended March 31, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 8,759 $ 6,264 $ 1,961 $ 7,837 $ 955 $ 128 $ 25,904 Charge-offs - - - (95 ) - - (95 ) Recoveries - - 1 7 - 1 9 Provision (1,014 ) 216 65 1,449 103 (19 ) 800 Ending balance $ 7,745 $ 6,480 $ 2,027 $ 9,198 $ 1,058 $ 110 $ 26,618 For the Three Months Ended March 31, 2016 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 $ 7,850 $ 4,208 $ 2,115 $ 5,405 $ 1,030 $ 136 $ 20,744 Charge-offs - - - (200 ) - - (200 ) Recoveries - - - 4 - 1 5 Provision (404 ) 461 583 359 247 4 1,250 Ending balance $ 7,446 $ 4,669 $ 2,698 $ 5,568 $ 1,277 $ 141 $ 21,799

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	3 Months Ended
	Mar. 31, 2017
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	8. EMPLOYEE BENEFITS The Bank maintains a noncontributory pension plan covering all eligible employees. The Bank uses a December 31 st During 2012, the Company amended the pension plan by revising the formula for determining benefits effective January 1, 2013, except for certain grandfathered employees. During 2001, the Bank adopted the Bridgehampton National Bank Supplemental Executive Retirement Plan (“SERP”). As recommended by the Compensation Committee of the Board of Directors and approved by the full Board of Directors, the SERP provides benefits to certain employees, whose benefits under the pension plan are limited by the applicable provisions of the Internal Revenue Code. The benefit under the SERP is equal to the additional amount the employee would be entitled to under the Pension Plan and the 401(k) Plan in the absence of such Internal Revenue Code limitations. The assets of the SERP are held in a rabbi trust to maintain the tax-deferred status of the plan and are subject to the general, unsecured creditors of the Company. As a result, the assets of the rabbi trust are reflected on the Consolidated Balance Sheets of the Company. There were no contributions to the pension plan or the SERP during the three months ended . In accordance with the SERP, a retired executive received a distribution from the plan totaling $28,000 during the three months ended . The Company’s funding policy with respect to its benefit plans is to contribute at least the minimum amounts required by applicable laws and regulations. The following table sets forth the components of net periodic benefit cost: Three Months Ended March 31, Pension Benefits SERP Benefits ( In thousands 2017 2016 2017 2016 Service cost $ 292 $ 291 $ 53 $ 44 Interest cost 185 196 26 26 Expected return on plan assets (520 ) (455 ) - - Amortization of net loss 113 99 13 7 Amortization of prior service credit (19 ) (19 ) - - Amortization of transition obligation - - 7 7 Net periodic benefit cost $ 51 $ 112 $ 99 $ 84

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	3 Months Ended
	Mar. 31, 2017
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	9. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase totaled $0.7 million at March 31, 2017 and December 31, 2016. The repurchase agreements were collateralized by investment securities, of which 49% were U.S. GSE residential collateralized mortgage obligations and 51% were U.S. GSE residential mortgage-backed securities at March 31, 2017 and December 31, 2016 with carrying amounts of $2.2 million and $2.3 million, respectively. Securities sold under agreements to repurchase are financing arrangements with $0.7 million maturing during the second quarter of 2017. At maturity, the securities underlying the agreements are returned to the Company. The primary risk associated with these secured borrowings is the requirement to pledge a market value based balance of collateral in excess of the borrowed amount. The excess collateral pledged represents an unsecured exposure to the lending counterparty. As the market value of the collateral changes, both through changes in discount rates and spreads as well as related cash flows, additional collateral may need to be pledged. In accordance with the Company’s policies, eligible counterparties are defined and monitored to minimize exposure.

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	3 Months Ended
	Mar. 31, 2017
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 three years at March 31, 2017 and December 31, 2016: March 31, 2017 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 43,000 1.00 % 2017 420,905 0.98 % 2018 25,344 1.06 % 2019 1,928 1.02 % 448,177 0.99 % Total FHLB advances $ 491,177 0.99 % December 31, 2016 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 175,000 0.74 % 2017 294,113 0.82 % 2018 25,431 1.05 % 2019 2,140 1.04 % 321,684 0.84 % Total FHLB advances $ 496,684 0.80 % Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. The advances were collateralized by $976.4 million and $923.9 million of residential and commercial mortgage loans under a blanket lien arrangement at March 31, 2017 and December 31, 2016, respectively. Based on this collateral and the Company’s holdings of FHLB stock, the Company is eligible to borrow up to a total of $1.22 billion at March 31, 2017.

BORROWED FUNDS

BORROWED FUNDS	3 Months Ended
	Mar. 31, 2017
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 $78.5 million at March 31, 2017 and December 31, 2016. 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, through its subsidiary, Bridge Statutory Capital Trust II. The TPS had a liquidation amount of $1,000 per security, were convertible into the Company’s common stock, at an 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 preferred securities 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.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2017
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 $305.0 million and $175.0 million at March 31, 2017 and December 31, 2016, respectively, were designated as cash flow hedges of certain FHLB advances. The swaps were determined to be fully effective during the periods presented and therefore no amount of ineffectiveness has been included in net income. The aggregate fair value of the swaps is recorded in other assets/(other liabilities), with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining term of the swaps. The following table summarizes information about the interest rate swaps designated as cash flow hedges at March 31, 2017 and December 31, 2016: ( Dollars in thousands March 31, 2017 December 31, 2016 Notional amounts $ 305,000 $ 175,000 Weighted average pay rates 1.74 % 1.61 % Weighted average receive rates 1.12 % 0.95 % Weighted average maturity 3.24 years 2.98 years Interest expense recorded on these swap transactions totaled $275,000 and $250,000 for the three months ended March 31, 2017 and 2016, respectively, and is reported as a component of interest expense on FHLB advances. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest income/expense as interest payments are made/received on the Company’s variable-rate assets/liabilities. During the three months ended March 31, 2017, the Company had $275,000 of reclassifications to interest expense. During the next twelve months, the Company estimates that $1.2 million will be reclassified as an increase in interest expense. The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the three months ended March 31, 2017 and 2016: Amount of loss Amount of gain (loss) Amount of loss recognized in other ( In thousands recognized in OCI reclassified from OCI non-interest income Interest rate contracts (Effective Portion) to interest expense (Ineffective Portion) Three months ended March 31, 2017 $ 25 $ (275 ) $ - Three months ended March 31, 2016 $ (2,023 ) $ (250 ) $ - The following table reflects the cash flow hedges included in the Consolidated Balance Sheets at the dates indicated: March 31, 2017 December 31, 2016 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 $ 305,000 $ 2,156 $ (1,016 ) $ 175,000 $ 1,994 $ (1,153 ) Non-Designated Hedges Derivatives not designated as hedges may be used to manage the Company’s exposure to interest rate movements or to provide service to customers but do not meet the requirements for hedge accounting under U.S. GAAP. The Company executes interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. These interest rate swaps with customers are simultaneously offset by interest rate swaps that the Company executes with a third party in order to minimize the net risk exposure resulting from such transactions. These interest-rate swap agreements do not qualify for hedge accounting treatment, and therefore changes in fair value are reported in current period earnings. The following table presents summary information about these interest rate swaps at March 31, 2017 and December 31, 2016: ( Dollars in thousands March 31, 2017 December 31, 2016 Notional amounts $ 76,047 $ 62,472 Weighted average pay rates 3.62 % 3.50 % Weighted average receive rates 3.62 % 3.50 % Weighted average maturity 13.02 years 13.97 years Fair value of combined interest rate swaps $ - $ - Credit-Risk-Related Contingent Features As of March 31, 2017, the termination value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $0.2 million and the termination value of derivatives in a net asset position was $1.1 million. The Company has minimum collateral posting thresholds with certain of its derivative counterparties. If the termination value of derivatives is a net liability position, the Company is required to post collateral against its obligations under the agreements. However, if the termination value of derivatives is a net asset position, the counterparty is required to post collateral to the Company. At March 31, 2017, the Company posted collateral of $0.3 million against its obligations under the agreements in a net liability position and received collateral of $0.8 million from its counterparty under the agreements in a net asset position. If the Company had breached any of these provisions at March 31, 2017, it could have been required to settle its obligations under the agreements at the termination value.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2017
OTHER COMPREHENSIVE INCOME (LOSS)
OTHER COMPREHENSIVE INCOME	13. OTHER COMPREHENSIVE INCOME The following table summarizes the components of other comprehensive income and related income tax effects: Three Months Ended ( In thousands March 31, 2017 March 31, 2016 Unrealized holding gains on available for sale securities $ 1,616 $ 9,740 Reclassification adjustment for gains realized in income - (66 ) Income tax effect (606 ) (3,917 ) Net change in unrealized gains on available for sale securities 1,010 5,757 Reclassification adjustment for amortization realized in income 114 94 Income tax effect (17 ) (33 ) Net change in post-retirement obligation 97 61 Change in fair value of derivatives used for cash flow hedges 25 (2,023 ) Reclassification adjustment for losses realized in income 275 250 Income tax effect (126 ) 720 Net change in unrealized gain (loss) on cash flow hedges 174 (1,053 ) Other comprehensive income $ 1,281 $ 4,765 The following is a summary of the accumulated other comprehensive loss balances, net of income tax, at the dates indicated: Other Comprehensive ( In thousands December 31, 2016 Income March 31, 2017 Unrealized losses on available for sale securities $ (8,823 ) $ 1,010 $ (7,813 ) Unrealized losses on pension benefits (4,741 ) 97 (4,644 ) Unrealized gains on cash flow hedges 500 174 674 Accumulated other comprehensive loss $ (13,064 ) $ 1,281 $ (11,783 ) The following represents the reclassifications out of accumulated other comprehensive (loss) income for the three months ended March 31, 2017 and 2016: Three Months Ended Affected Line Item in the ( In thousands March 31, 2017 March 31, 2016 Consolidated Statements of Income Realized gains on sale of available for sale securities $ - $ 66 Net securities gains Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 19 19 Salaries and employee benefits Transition obligation (7 ) (7 ) Salaries and employee benefits Actuarial losses (126 ) (106 ) Salaries and employee benefits Realized losses on cash flow hedges (275 ) (250 ) Interest expense Total reclassifications, before income tax $ (389 ) $ (278 ) Income tax benefit 159 112 Income tax expense Total reclassifications, net of income tax $ (230 ) $ (166 )

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2017
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	14. RECENT ACCOUNTING PRONOUNCEMENTS In March 2017, the FASB issued ASU No. 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20) - Premium Amortization on Purchased Callable Debt Securities.” ASU 2017-08 shortens the amortization period for certain callable debt securities held at a premium to the earliest call date rather than to maturity to more closely align the amortization period to expectations incorporated in market pricing on the underlying securities. There is no change to callable securities held at a discount which continue to be amortized to maturity. For public business entities, like the Company, ASU 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018. ASU is not expected to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” ASU 2017-07 changes the reporting for the service cost component of net benefit cost from the reporting for the other components of net benefit cost. The service cost component must be reported in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost 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 is effective for interim and annual periods beginning after December 15, 2017. Since the provisions of ASU 2017-07 which are applicable to the Company are disclosure related, adoption will not have a financial impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment.” ASU 2017-04 simplifies the test for goodwill impairment by eliminating Step 2 from the goodwill impairment test. An entity should perform its annual or interim goodwill impairment test by comparing the fair value of the reporting unit to its carrying amount and recognize 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. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. A public business entity that is an SEC filer, like the Company, should adopt ASU 2017-04 for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. ASU 2017-04 is not expected to have a material impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326) – Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 significantly changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model and also provides for recording credit losses on available for sale debt securities through an allowance account. ASU 2016-13 also requires certain incremental disclosures. ASU 2016-13 is effective for public entities that are SEC filers, like the Company, for interim and annual reporting periods beginning after December 15, 2019. The Company is currently assessing its data and system needs and evaluating the impact of adopting ASU 2016-13, but can not yet determine the overall impact this guidance will have on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” ASU 2016-02 affects any entity that enters into a lease and is intended to increase the transparency and comparability of financial statements among organizations. ASU 2016-02 requires, among other changes, a lessee to recognize on its balance sheet a lease asset and a lease liability for those leases previously classified as operating leases. The lease asset would represent the right to use the underlying asset for the lease term and the lease liability would represent the discounted value of the required lease payments to the lessor. ASU 2016-02 would also require entities to disclose key information about leasing arrangements. ASU 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018. Currently the Bank leases thirty seven properties as branch locations and one property as a loan production office. The adoption of ASU 2016-02 will result in an increase in the Company’s assets and liabilities. The Company is in the process of quantifying the impact ASU 2016-02 will have on the Company’s consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The amendments in ASU 2014-09 are intended to improve financial reporting by providing a comprehensive framework for addressing revenue recognition issues that can be applied to all contracts with customers regardless of industry-specific or transaction-specific fact patterns. While the guidance in ASU 2014-09 supersedes most existing industry-specific revenue recognition accounting guidance, much of a bank’s revenue comes from financial instruments such as debt securities and loans which are scoped-out of the guidance. The amendments also include improved disclosures to enable users of financial statements to better understand the nature, amount, timing and uncertainty of revenue that is recognized. For public entities, like the Company, ASU 2014-09, as amended, is effective for interim and annual reporting periods beginning after December 15, 2017. Most of the Company’s revenue comes from financial instruments, i.e. loans and securities, which are not within the scope of ASU 2014-09. The Company is in the process of evaluating the impact ASU 2014-09 will have on non-interest income but does not expect the adoption of the guidance to have a material impact on the Company’s consolidated financial statements.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
BASIS OF PRESENTATION	Bridge Bancorp, Inc. (the “Company”) is a bank holding company incorporated under the laws of the State of New York. The Company’s business currently consists of the operations of its wholly-owned subsidiary, The Bridgehampton National Bank (the “Bank”). The Bank’s operations include its real estate investment trust subsidiary, Bridgehampton Community, Inc.; a financial title insurance subsidiary, Bridge Abstract LLC (“Bridge Abstract”); and The accompanying Unaudited Consolidated Financial Statements, which include the accounts of the Company and its wholly-owned subsidiary, the Bank, have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The Unaudited Consolidated Financial Statements included herein reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. Such estimates are subject to change in the future as additional information becomes available or previously existing circumstances are modified. Actual future results could differ significantly from those estimates. The annualized results of operations for the three months ended March 31, 2017 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, 2016.
RECENT ACCOUNTING PRONOUNCEMENTS	In March 2017, the FASB issued ASU No. 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20) - Premium Amortization on Purchased Callable Debt Securities.” ASU 2017-08 shortens the amortization period for certain callable debt securities held at a premium to the earliest call date rather than to maturity to more closely align the amortization period to expectations incorporated in market pricing on the underlying securities. There is no change to callable securities held at a discount which continue to be amortized to maturity. For public business entities, like the Company, ASU 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018. ASU is not expected to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” ASU 2017-07 changes the reporting for the service cost component of net benefit cost from the reporting for the other components of net benefit cost. The service cost component must be reported in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost 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 is effective for interim and annual periods beginning after December 15, 2017. Since the provisions of ASU 2017-07 which are applicable to the Company are disclosure related, adoption will not have a financial impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment.” ASU 2017-04 simplifies the test for goodwill impairment by eliminating Step 2 from the goodwill impairment test. An entity should perform its annual or interim goodwill impairment test by comparing the fair value of the reporting unit to its carrying amount and recognize 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. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. A public business entity that is an SEC filer, like the Company, should adopt ASU 2017-04 for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. ASU 2017-04 is not expected to have a material impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326) – Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 significantly changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model and also provides for recording credit losses on available for sale debt securities through an allowance account. ASU 2016-13 also requires certain incremental disclosures. ASU 2016-13 is effective for public entities that are SEC filers, like the Company, for interim and annual reporting periods beginning after December 15, 2019. The Company is currently assessing its data and system needs and evaluating the impact of adopting ASU 2016-13, but can not yet determine the overall impact this guidance will have on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” ASU 2016-02 affects any entity that enters into a lease and is intended to increase the transparency and comparability of financial statements among organizations. ASU 2016-02 requires, among other changes, a lessee to recognize on its balance sheet a lease asset and a lease liability for those leases previously classified as operating leases. The lease asset would represent the right to use the underlying asset for the lease term and the lease liability would represent the discounted value of the required lease payments to the lessor. ASU 2016-02 would also require entities to disclose key information about leasing arrangements. ASU 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018. Currently the Bank leases thirty seven properties as branch locations and one property as a loan production office. The adoption of ASU 2016-02 will result in an increase in the Company’s assets and liabilities. The Company is in the process of quantifying the impact ASU 2016-02 will have on the Company’s consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The amendments in ASU 2014-09 are intended to improve financial reporting by providing a comprehensive framework for addressing revenue recognition issues that can be applied to all contracts with customers regardless of industry-specific or transaction-specific fact patterns. While the guidance in ASU 2014-09 supersedes most existing industry-specific revenue recognition accounting guidance, much of a bank’s revenue comes from financial instruments such as debt securities and loans which are scoped-out of the guidance. The amendments also include improved disclosures to enable users of financial statements to better understand the nature, amount, timing and uncertainty of revenue that is recognized. For public entities, like the Company, ASU 2014-09, as amended, is effective for interim and annual reporting periods beginning after December 15, 2017. Most of the Company’s revenue comes from financial instruments, i.e. loans and securities, which are not within the scope of ASU 2014-09. The Company is in the process of evaluating the impact ASU 2014-09 will have on non-interest income but does not expect the adoption of the guidance to have a material impact on the Company’s consolidated financial statements.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2017
EARNINGS PER SHARE
Schedule of computation of EPS	Three months ended, March 31, ( In thousands, except per share data 2017 2016 Net income $ 9,171 $ 8,626 Dividends paid on and earnings allocated to participating securities (178 ) (170 ) Income attributable to common stock $ 8,993 $ 8,456 Weighted average common shares outstanding, including participating securities 19,669 17,479 Weighted average participating securities (392 ) (353 ) Weighted average common shares outstanding 19,277 17,126 Basic earnings per common share $ 0.47 $ 0.49 Income attributable to common stock $ 8,993 $ 8,456 Weighted average common shares outstanding 19,277 17,126 Incremental shares from assumed conversions of options and restricted stock units 19 11 Weighted average common and equivalent shares outstanding 19,296 17,137 Diluted earnings per common share $ 0.47 $ 0.49

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS (Tables)	3 Months Ended
	Mar. 31, 2017
STOCK BASED COMPENSATION PLANS
Summary of status of unvested restricted stock	Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2017 301,991 $ 24.59 Granted 68,981 $ 35.68 Vested (37,702 ) $ 21.59 Forfeited (550 ) $ 24.82 Unvested, March 31, 2017 332,720 $ 27.23

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2017
SECURITIES
Summary of amortized cost and fair value of the available for sale and held to maturity	March 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 64,993 $ - $ (1,160 ) $ 63,833 State and municipal obligations 116,222 469 (960 ) 115,731 U.S. GSE residential mortgage-backed securities 182,139 41 (2,358 ) 179,822 U.S. GSE residential collateralized mortgage obligations 356,471 217 (5,200 ) 351,488 U.S. GSE commercial mortgage-backed securities 6,296 25 (37 ) 6,284 U.S. GSE commercial collateralized mortgage obligations 54,370 3 (1,028 ) 53,345 Other asset backed securities 24,250 - (1,455 ) 22,795 Corporate bonds 32,000 - (1,783 ) 30,217 Total available for sale 836,741 755 (13,981 ) 823,515 Held to maturity: State and municipal obligations 65,064 1,274 (87 ) 66,251 U.S. GSE residential mortgage-backed securities 12,973 - (285 ) 12,688 U.S. GSE residential collateralized mortgage obligations 59,590 338 (586 ) 59,342 U.S. GSE commercial mortgage-backed securities 28,595 98 (495 ) 28,198 U.S. GSE commercial collateralized mortgage obligations 37,739 30 (659 ) 37,110 Corporate bonds 11,000 33 - 11,033 Total held to maturity 214,961 1,773 (2,112 ) 214,622 Total securities $ 1,051,702 $ 2,528 $ (16,093 ) $ 1,038,137 December 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 64,993 $ - $ (1,344 ) $ 63,649 State and municipal obligations 117,292 212 (1,339 ) 116,165 U.S. GSE residential mortgage-backed securities 160,446 16 (2,414 ) 158,048 U.S. GSE residential collateralized mortgage obligations 373,098 149 (5,736 ) 367,511 U.S. GSE commercial mortgage-backed securities 6,337 6 (36 ) 6,307 U.S. GSE commercial collateralized mortgage obligations 56,148 - (956 ) 55,192 Other asset backed securities 24,250 - (1,697 ) 22,553 Corporate bonds 32,000 - (1,703 ) 30,297 Total available for sale 834,564 383 (15,225 ) 819,722 Held to maturity: State and municipal obligations 66,666 1,085 (130 ) 67,621 U.S. GSE residential mortgage-backed securities 13,443 - (287 ) 13,156 U.S. GSE residential collateralized mortgage obligations 61,639 352 (552 ) 61,439 U.S. GSE commercial mortgage-backed securities 28,772 136 (509 ) 28,399 U.S. GSE commercial collateralized mortgage obligations 41,717 93 (573 ) 41,237 Corporate bonds 11,000 26 - 11,026 Total held to maturity 223,237 1,692 (2,051 ) 222,878 Total securities $ 1,057,801 $ 2,075 $ (17,276 ) $ 1,042,600
Summary of amortized cost, fair value and maturities of the available for sale and held to maturity investment securities portfolio	March 31, 2017 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 10,591 $ 10,591 One to five years 86,316 85,639 Five to ten years 147,617 144,678 Beyond ten years 592,217 582,607 Total $ 836,741 $ 823,515 Held to maturity: Within one year $ 19,276 $ 19,307 One to five years 36,138 36,210 Five to ten years 56,800 57,517 Beyond ten years 102,747 101,588 Total $ 214,961 $ 214,622
Securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months	March 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 $ 63,833 $ (1,160 ) $ - $ - State and municipal obligations 67,719 (945 ) 751 (15 ) U.S. GSE residential mortgage-backed securities 153,469 (2,352 ) 238 (6 ) U.S. GSE residential collateralized mortgage obligations 284,303 (4,556 ) 23,390 (644 ) U.S. GSE commercial mortgage-backed securities 2,556 (37 ) - - U.S. GSE commercial collateralized mortgage obligations 41,896 (790 ) 9,341 (238 ) Other asset backed securities - - 22,795 (1,455 ) Corporate bonds 8,432 (568 ) 21,785 (1,215 ) Total available for sale 622,208 (10,408 ) 78,300 (3,573 ) Held to maturity: State and municipal obligations 20,480 (87 ) - - U.S. GSE residential mortgage-backed securities 12,688 (285 ) - - U.S. GSE residential collateralized mortgage obligations 39,134 (500 ) 3,733 (86 ) U.S. GSE commercial mortgage-backed securities 12,847 (255 ) 5,782 (240 ) U.S. GSE commercial collateralized mortgage obligations 17,447 (307 ) 8,579 (352 ) Corporate bonds - - - - Total held to maturity $ 102,596 $ (1,434 ) $ 18,094 $ (678 ) December 31, 2016 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 $ 63,649 $ (1,344 ) $ - $ - State and municipal obligations 78,883 (1,338 ) 240 (1 ) U.S. GSE residential mortgage-backed securities 140,514 (2,409 ) 241 (5 ) U.S. GSE residential collateralized mortgage obligations 319,197 (5,221 ) 15,627 (515 ) U.S. GSE commercial mortgage-backed securities 2,573 (36 ) - - U.S. GSE commercial collateralized mortgage obligations 48,901 (886 ) 6,292 (70 ) Other asset backed securities - - 22,552 (1,697 ) Corporate bonds 17,834 (1,166 ) 12,463 (537 ) Total available for sale 671,551 (12,400 ) 57,415 (2,825 ) Held to maturity: State and municipal obligations 21,867 (130 ) - - U.S. GSE residential mortgage-backed securities 13,156 (287 ) - - U.S. GSE residential collateralized mortgage obligations 31,297 (455 ) 3,873 (97 ) U.S. GSE commercial mortgage-backed securities 12,860 (286 ) 5,877 (223 ) U.S. GSE commercial collateralized mortgage obligations 22,666 (372 ) 3,790 (201 ) Corporate bonds - - - - Total held to maturity $ 101,846 $ (1,530 ) $ 13,540 $ (521 )

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2017
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of assets and liabilities measured on a recurring basis	March 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 $ 63,833 $ 63,833 State and municipal obligations 115,731 115,731 U.S. GSE residential mortgage-backed securities 179,822 179,822 U.S. GSE residential collateralized mortgage obligations 351,488 351,488 U.S. GSE commercial mortgage-backed securities 6,284 6,284 U.S. GSE commercial collateralized mortgage obligations 53,345 53,345 Other asset backed securities 22,795 22,795 Corporate bonds 30,217 30,217 Total available for sale securities $ 823,515 $ 823,515 Derivatives $ 2,752 $ 2,752 Financial liabilities: Derivatives $ 1,611 $ 1,611 December 31, 2016 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 $ 63,649 $ 63,649 State and municipal obligations 116,165 116,165 U.S. GSE residential mortgage-backed securities 158,048 158,048 U.S. GSE residential collateralized mortgage obligations 367,511 367,511 U.S. GSE commercial mortgage-backed securities 6,307 6,307 U.S. GSE commercial collateralized mortgage obligations 55,192 55,192 Other asset backed securities 22,553 22,553 Corporate bonds 30,297 30,297 Total available for sale securities $ 819,722 $ 819,722 Derivatives $ 2,510 $ 2,510 Financial liabilities: Derivatives $ 1,670 $ 1,670
Schedule of assets measured at fair value on a non-recurring basis	March 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 $ 58 $ 58 December 31, 2016 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 $ 64 $ 64
Schedule of estimated fair values and recorded carrying values of financial instruments	March 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 $ 47,541 $ 47,541 $ - $ - $ 47,541 Interest bearing deposits with banks 23,423 23,423 - - 23,423 Securities available for sale 823,515 - 823,515 - 823,515 Securities restricted 35,249 n/a n/a n/a n/a Securities held to maturity 214,961 - 214,622 - 214,622 Loans, net 2,630,901 - - 2,593,409 2,593,409 Derivatives 2,752 - 2,752 - 2,752 Accrued interest receivable 10,259 - 4,008 6,251 10,259 Financial liabilities: Certificates of deposit 209,887 - 209,304 - 209,304 Demand and other deposits 2,772,980 2,772,980 - - 2,772,980 Federal funds purchased 50,000 50,000 - - 50,000 Federal Home Loan Bank advances 491,177 43,000 447,354 - 490,354 Repurchase agreements 707 - 707 - 707 Subordinated debentures 78,537 - - 78,048 78,048 Junior subordinated debentures - - - - - Derivatives 1,611 - 1,611 - 1,611 Accrued interest payable 550 - 538 12 550 December 31, 2016 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 $ 102,280 $ 102,280 $ - $ - $ 102,280 Interest bearing deposits with banks 11,558 11,558 - - 11,558 Securities available for sale 819,722 - 819,722 - 819,722 Securities restricted 34,743 n/a n/a n/a n/a Securities held to maturity 223,237 - 222,878 - 222,878 Loans, net 2,574,536 - - 2,542,395 2,542,395 Derivatives 2,510 - 2,510 - 2,510 Accrued interest receivable 10,233 - 3,480 6,753 10,233 Financial liabilities: Certificates of deposit 206,732 - 206,026 - 206,026 Demand and other deposits 2,719,277 2,719,277 - - 2,719,277 Federal funds purchased 100,000 100,000 - - 100,000 Federal Home Loan Bank advances 496,684 175,000 321,249 - 496,249 Repurchase agreements 674 - 674 - 674 Subordinated debentures 78,502 - - 78,303 78,303 Junior subordinated debentures 15,244 - - 15,258 15,258 Derivatives 1,670 - 1,670 - 1,670 Accrued interest payable 1,849 87 316 1,446 1,849

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2017
LOANS
Schedule of the major classifications of loans	( In thousands March 31, 2017 December 31, 2016 Commercial real estate mortgage loans $ 1,030,094 $ 1,016,983 Multi-family mortgage loans 535,295 518,146 Residential real estate mortgage loans 443,062 439,653 Commercial, industrial and agricultural loans 541,940 524,450 Real estate construction and land loans 85,704 80,605 Installment/consumer loans 16,863 16,368 Total loans 2,652,958 2,596,205 Net deferred loan costs and fees 4,561 4,235 Total loans held for investment 2,657,519 2,600,440 Allowance for loan losses (26,618 ) (25,904 ) Net loans $ 2,630,901 $ 2,574,536
Schedule of loans by class categorized by internally assigned credit risk grades	March 31, 2017 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 408,052 $ 19,243 $ 744 $ - $ 428,039 Non-owner occupied 578,081 21,141 2,833 - 602,055 Multi-family 535,295 - - - 535,295 Residential real estate: Residential mortgage 366,217 7,765 1,932 - 375,914 Home equity 66,084 484 580 - 67,148 Commercial and industrial: Secured 75,837 31,190 1,870 - 108,897 Unsecured 425,546 4,651 2,846 - 433,043 Real estate construction and land loans 85,374 - 330 - 85,704 Installment/consumer loans 16,763 - 100 - 16,863 Total loans $ 2,557,249 $ 84,474 $ 11,235 $ - $ 2,652,958 December 31, 2016 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 404,584 $ 18,909 $ 722 $ - $ 424,215 Non-owner occupied 569,870 20,035 2,863 - 592,768 Multi-family 518,146 - - - 518,146 Residential real estate: Residential mortgage 372,853 82 1,583 - 374,518 Home equity 64,195 563 377 - 65,135 Commercial and industrial: Secured 75,837 31,143 2,254 - 109,234 Unsecured 409,879 2,493 2,844 - 415,216 Real estate construction and land loans 80,272 - 333 - 80,605 Installment/consumer loans 16,268 - 100 - 16,368 Total loans $ 2,511,904 $ 73,225 $ 11,076 $ - $ 2,596,205
Schedule of the aging of the recorded investment in past due loans by class of loans	March 31, 2017 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Commercial real estate: Owner occupied $ 881 $ - $ 507 $ 171 $ 1,559 $ 426,480 $ 428,039 Non-owner occupied 1,191 - - - 1,191 600,864 602,055 Multi-family 443 - - - 443 534,852 535,295 Residential real estate: Residential mortgages 975 - - 758 1,733 374,181 375,914 Home equity 249 - 246 262 757 66,391 67,148 Commercial and industrial: Secured 291 - 209 - 500 108,397 108,897 Unsecured 586 45 110 65 806 432,237 433,043 Real estate construction and land loans - - - - - 85,704 85,704 Installment/consumer loans 15 - - 1 16 16,847 16,863 Total loans $ 4,631 $ 45 $ 1,072 $ 1,257 $ 7,005 $ 2,645,953 $ 2,652,958 December 31, 2016 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Loans Commercial real estate: Owner occupied $ 222 $ - $ 467 $ 184 $ 873 $ 423,342 $ 424,215 Non-owner occupied - - - - - 592,768 592,768 Multi-family - - - - - 518,146 518,146 Residential real estate: Residential mortgages 1,232 - - 770 2,002 372,516 374,518 Home equity 532 - 238 265 1,035 64,100 65,135 Commercial and industrial: Secured 27 - 204 - 231 109,003 109,234 Unsecured 115 - 118 22 255 414,961 415,216 Real estate construction and land loans - - - - - 80,605 80,605 Installment/consumer loans 28 - - - 28 16,340 16,368 Total loans $ 2,156 $ - $ 1,027 $ 1,241 $ 4,424 $ 2,591,781 $ 2,596,205
Schedule of individually impaired loans by class	Three Months Ended March 31, 2017 March 31, 2017 Recorded Unpaid Related Average Interest Income ( In thousands With no related allowance recorded: Commercial real estate: Owner occupied $ 311 $ 529 $ - $ 158 $ 2 Non-owner occupied 1,205 1,205 - 604 18 Residential real estate: Residential mortgages 8,273 8,319 - 4,139 79 Home equity 261 284 - 131 - Commercial and industrial: Secured 543 543 - 270 8 Unsecured 384 384 - 196 5 Total with no related allowance recorded $ 10,977 $ 11,264 $ - $ 5,498 $ 112 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - Non-owner occupied - - - - - Residential real estate: Residential mortgages - - - - - Home equity - - - - - Commercial and industrial: Secured - - - - - Unsecured 62 62 4 32 1 Total with an allowance recorded $ 62 $ 62 $ 4 $ 32 $ 1 Total: Commercial real estate: Owner occupied $ 311 $ 529 $ - $ 158 $ 2 Non-owner occupied 1,205 1,205 - 604 18 Residential real estate: Residential mortgages 8,273 8,319 - 4,139 79 Home equity 261 284 - 131 - Commercial and industrial: Secured 543 543 - 270 8 Unsecured 446 446 4 228 6 Total $ 11,039 $ 11,326 $ 4 $ 5,530 $ 113 Three Months Ended December 31, 2016 March 31, 2016 ( In thousands Recorded Unpaid Related Average Interest Income With no related allowance recorded: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 376 $ 2 Non-owner occupied 1,213 1,213 - 1,240 19 Residential real estate: Residential mortgages 520 558 - 198 - Home equity 264 285 - 674 - Commercial and industrial: Secured 556 556 - 129 3 Unsecured 408 408 - 492 4 Total with no related allowance recorded $ 3,287 $ 3,558 $ - $ 3,109 $ 28 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - Non-owner occupied - - - - - Residential real estate: Residential mortgages - - - - - Home equity - - - - - Commercial and industrial: Secured - - - - - Unsecured 66 66 1 188 2 Total with an allowance recorded $ 66 $ 66 $ 1 $ 188 $ 2 Total: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 376 $ 2 Non-owner occupied 1,213 1,213 - 1,240 19 Residential real estate: Residential mortgages 520 558 - 198 - Home equity 264 285 - 674 - Commercial and industrial: Secured 556 556 - 129 3 Unsecured 474 474 1 680 6 Total $ 3,353 $ 3,624 $ 1 $ 3,297 $ 30
Summary of activity in the accretable yield for the purchased credit impaired loans	Three Months Ended March 31, ( In thousands 2017 2016 Balance at beginning of period $ 6,915 $ 7,113 Accretion (1,857 ) (792 ) Reclassification from nonaccretable difference during the period 275 133 Other - 418 Accretable discount at end of period $ 5,333 $ 6,872

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2017
ALLOWANCE FOR LOAN LOSSES
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method	At March 31, 2017 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 4 $ - $ - $ 4 Collectively evaluated for impairment 7,745 6,480 2,027 9,194 1,058 110 26,614 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 7,745 $ 6,480 $ 2,027 $ 9,198 $ 1,058 $ 110 $ 26,618 Loans: Individually evaluated for impairment $ 1,516 $ - $ 8,534 $ 989 $ - $ - $ 11,039 Collectively evaluated for impairment 1,026,372 532,016 433,653 537,154 85,704 16,863 2,631,762 Loans acquired with deteriorated credit quality 2,206 3,279 875 3,797 - - 10,157 Total loans $ 1,030,094 $ 535,295 $ 443,062 $ 541,940 $ 85,704 $ 16,863 $ 2,652,958 At December 31, 2016 ( In thousands Commercial Multi- Residential Commercial, Real Estate Installment/ Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 1 $ - $ - $ 1 Collectively evaluated for impairment 8,759 6,264 1,961 7,836 955 128 25,903 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 8,759 $ 6,264 $ 1,961 $ 7,837 $ 955 $ 128 $ 25,904 Loans: Individually evaluated for impairment $ 1,539 $ - $ 784 $ 1,030 $ - $ - $ 3,353 Collectively evaluated for impairment 1,013,563 514,853 437,999 519,686 80,605 16,368 2,583,074 Loans acquired with deteriorated credit quality 1,881 3,293 870 3,734 - - 9,778 Total loans $ 1,016,983 $ 518,146 $ 439,653 $ 524,450 $ 80,605 $ 16,368 $ 2,596,205 For the Three Months Ended March 31, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 8,759 $ 6,264 $ 1,961 $ 7,837 $ 955 $ 128 $ 25,904 Charge-offs - - - (95 ) - - (95 ) Recoveries - - 1 7 - 1 9 Provision (1,014 ) 216 65 1,449 103 (19 ) 800 Ending balance $ 7,745 $ 6,480 $ 2,027 $ 9,198 $ 1,058 $ 110 $ 26,618 For the Three Months Ended March 31, 2016 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 $ 7,850 $ 4,208 $ 2,115 $ 5,405 $ 1,030 $ 136 $ 20,744 Charge-offs - - - (200 ) - - (200 ) Recoveries - - - 4 - 1 5 Provision (404 ) 461 583 359 247 4 1,250 Ending balance $ 7,446 $ 4,669 $ 2,698 $ 5,568 $ 1,277 $ 141 $ 21,799

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	3 Months Ended
	Mar. 31, 2017
EMPLOYEE BENEFITS
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income	Three Months Ended March 31, Pension Benefits SERP Benefits ( In thousands 2017 2016 2017 2016 Service cost $ 292 $ 291 $ 53 $ 44 Interest cost 185 196 26 26 Expected return on plan assets (520 ) (455 ) - - Amortization of net loss 113 99 13 7 Amortization of prior service credit (19 ) (19 ) - - Amortization of transition obligation - - 7 7 Net periodic benefit cost $ 51 $ 112 $ 99 $ 84

FEDERAL HOME LOAN BANK ADVANC31

FEDERAL HOME LOAN BANK ADVANCES (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of contractual maturities and weighted average interest rates of FHLB advances	March 31, 2017 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 43,000 1.00 % 2017 420,905 0.98 % 2018 25,344 1.06 % 2019 1,928 1.02 % 448,177 0.99 % Total FHLB advances $ 491,177 0.99 % December 31, 2016 ( Dollars in thousands Amount Weighted Contractual Maturity Overnight $ 175,000 0.74 % 2017 294,113 0.82 % 2018 25,431 1.05 % 2019 2,140 1.04 % 321,684 0.84 % Total FHLB advances $ 496,684 0.80 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2017
DERIVATIVES
Summary of information about the interest rate swap designated as a cash flow hedge	( Dollars in thousands March 31, 2017 December 31, 2016 Notional amounts $ 305,000 $ 175,000 Weighted average pay rates 1.74 % 1.61 % Weighted average receive rates 1.12 % 0.95 % Weighted average maturity 3.24 years 2.98 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 loss recognized in other ( In thousands recognized in OCI reclassified from OCI non-interest income Interest rate contracts (Effective Portion) to interest expense (Ineffective Portion) Three months ended March 31, 2017 $ 25 $ (275 ) $ - Three months ended March 31, 2016 $ (2,023 ) $ (250 ) $ -
Schedule of cash flow hedge included in the Consolidated Balance Sheets	March 31, 2017 December 31, 2016 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 $ 305,000 $ 2,156 $ (1,016 ) $ 175,000 $ 1,994 $ (1,153 )
Summary of information about interest rate swaps	( Dollars in thousands March 31, 2017 December 31, 2016 Notional amounts $ 76,047 $ 62,472 Weighted average pay rates 3.62 % 3.50 % Weighted average receive rates 3.62 % 3.50 % Weighted average maturity 13.02 years 13.97 years Fair value of combined interest rate swaps $ - $ -

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 31, 2017
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of other comprehensive income (loss) components and related income tax effects	Three Months Ended ( In thousands March 31, 2017 March 31, 2016 Unrealized holding gains on available for sale securities $ 1,616 $ 9,740 Reclassification adjustment for gains realized in income - (66 ) Income tax effect (606 ) (3,917 ) Net change in unrealized gains on available for sale securities 1,010 5,757 Reclassification adjustment for amortization realized in income 114 94 Income tax effect (17 ) (33 ) Net change in post-retirement obligation 97 61 Change in fair value of derivatives used for cash flow hedges 25 (2,023 ) Reclassification adjustment for losses realized in income 275 250 Income tax effect (126 ) 720 Net change in unrealized gain (loss) on cash flow hedges 174 (1,053 ) Other comprehensive income $ 1,281 $ 4,765
Schedule of the accumulated other comprehensive income balances, net of income tax	Other Comprehensive ( In thousands December 31, 2016 Income March 31, 2017 Unrealized losses on available for sale securities $ (8,823 ) $ 1,010 $ (7,813 ) Unrealized losses on pension benefits (4,741 ) 97 (4,644 ) Unrealized gains on cash flow hedges 500 174 674 Accumulated other comprehensive loss $ (13,064 ) $ 1,281 $ (11,783 )
Schedule of reclassifications out of accumulated other comprehensive income	Three Months Ended Affected Line Item in the ( In thousands March 31, 2017 March 31, 2016 Consolidated Statements of Income Realized gains on sale of available for sale securities $ - $ 66 Net securities gains Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 19 19 Salaries and employee benefits Transition obligation (7 ) (7 ) Salaries and employee benefits Actuarial losses (126 ) (106 ) Salaries and employee benefits Realized losses on cash flow hedges (275 ) (250 ) Interest expense Total reclassifications, before income tax $ (389 ) $ (278 ) Income tax benefit 159 112 Income tax expense Total reclassifications, net of income tax $ (230 ) $ (166 )

BASIS OF PRESENTATION (Detail T

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

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
EARNINGS PER SHARE
Net income	$ 9,171	$ 8,626
Dividends paid on and earnings allocated to participating securities	(178)	(170)
Income attributable to common stock	$ 8,993	$ 8,456
Weighted average common shares outstanding, including participating securities	19,669	17,479
Weighted average participating securities (in shares)	(392)	(353)
Weighted average common shares outstanding	19,277	17,126
Basic earnings per common share (in dollars per share)	$ 0.47	$ 0.49
Income attributable to common stock	$ 8,993	$ 8,456
Weighted average common shares outstanding	19,277	17,126
Incremental shares from assumed conversions of options and restricted stock units	19	11
Weighted average common and equivalent shares outstanding	19,296	17,137
Diluted earnings per common share (in dollars per share)	$ 0.47	$ 0.49

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted earnings per share (in shares)	19,957	24,814
Convertible trust preferred securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding amount of securities not included in computation of diluted earnings per share		$ 16

STOCK BASED COMPENSATION PLAN37

STOCK BASED COMPENSATION PLANS (Details) - Restricted stock - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Shares
Unvested, January 1, 2017 (in shares)	301,991
Granted (in shares)	68,981	63,709
Vested (in shares)	(37,702)
Forfeited (in shares)	(550)
Unvested, March 31, 2017 (in shares)	332,720
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2017 (in dollars per share)	$ 24.59
Granted (in dollars per share)	35.68
Vested (in dollars per share)	21.59
Forfeited (in dollars per share)	24.82
Unvested, March 31, 2017 (in dollars per share)	$ 27.23

STOCK BASED COMPENSATION PLAN38

STOCK BASED COMPENSATION PLANS (Detail Textuals) - Restricted stock - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense for restricted stock	$ 413,000	$ 351,000
Number of restricted stock awards granted	68,981	63,709
Seven year specified vesting schedule
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Numbers of shares expected to vest	31,860	36,000
Vesting period	7 years	7 years
Years specified in vesting schedule after the third vesting period, period one	5 years	5 years
Years specified in vesting schedule after the third vesting period, period two	6 years	6 years
Years specified in vesting schedule after the third vesting period, period three	7 years	7 years
Five year specified vesting schedule
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Numbers of shares expected to vest	25,396	27,209
Vesting period	5 years	5 years
Years specified in vesting schedule after the third vesting period, period one	3 years	3 years
Years specified in vesting schedule after the third vesting period, period two	4 years	4 years
Years specified in vesting schedule after the third vesting period, period three	5 years	5 years
Three year ratable vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Numbers of shares expected to vest	8,270	500
Vesting period	3 years	3 years
Vest over six months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Numbers of shares expected to vest	3,455
Vesting period	6 months

STOCK BASED COMPENSATION PLAN39

STOCK BASED COMPENSATION PLANS (Detail Textuals 1) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Directors | Restricted stock units
Deferred compensation plan
Vesting period	1 year
Compensation expenses	$ 128,000	$ 115,000
LTI Plan | Restricted stock units
Deferred compensation plan
Vesting period	5 years
Additional holding period	2 years
Compensation expenses	$ 69,000	$ 40,000
LTI Plan | Restricted Stock Units Performance Vested Awards
Deferred compensation plan
Vesting period	3 years
Vested award (as a percent)	60.00%
LTI Plan | Restricted Stock Units Time Vested Awards
Deferred compensation plan
Vested award (as a percent)	40.00%

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available for sale:
Amortized Cost	$ 836,741	$ 834,564
Gross Unrealized Gains	755	383
Gross Unrealized Losses	(13,981)	(15,225)
Estimated Fair Value	823,515	819,722
Held to maturity:
Amortized Cost	214,961	223,237
Gross Unrealized Gains	1,773	1,692
Gross Unrealized Losses	(2,112)	(2,051)
Estimated Fair Value	214,622	222,878
Total securities
Amortized Cost	1,051,702	1,057,801
Gross Unrealized Gains	2,528	2,075
Gross Unrealized Losses	(16,093)	(17,276)
Total securities	1,038,137	1,042,600
U.S. GSE securities
Available for sale:
Amortized Cost	64,993	64,993
Gross Unrealized Gains
Gross Unrealized Losses	(1,160)	(1,344)
Estimated Fair Value	63,833	63,649
State and municipal obligations
Available for sale:
Amortized Cost	116,222	117,292
Gross Unrealized Gains	469	212
Gross Unrealized Losses	(960)	(1,339)
Estimated Fair Value	115,731	116,165
Held to maturity:
Amortized Cost	65,064	66,666
Gross Unrealized Gains	1,274	1,085
Gross Unrealized Losses	(87)	(130)
Estimated Fair Value	66,251	67,621
U.S. GSE residential mortgage-backed securities
Available for sale:
Amortized Cost	182,139	160,446
Gross Unrealized Gains	41	16
Gross Unrealized Losses	(2,358)	(2,414)
Estimated Fair Value	179,822	158,048
Held to maturity:
Amortized Cost	12,973	13,443
Gross Unrealized Gains
Gross Unrealized Losses	(285)	(287)
Estimated Fair Value	12,688	13,156
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Amortized Cost	356,471	373,098
Gross Unrealized Gains	217	149
Gross Unrealized Losses	(5,200)	(5,736)
Estimated Fair Value	351,488	367,511
Held to maturity:
Amortized Cost	59,590	61,639
Gross Unrealized Gains	338	352
Gross Unrealized Losses	(586)	(552)
Estimated Fair Value	59,342	61,439
U.S. GSE commercial mortgage-backed securities
Available for sale:
Amortized Cost	6,296	6,337
Gross Unrealized Gains	25	6
Gross Unrealized Losses	(37)	(36)
Estimated Fair Value	6,284	6,307
Held to maturity:
Amortized Cost	28,595	28,772
Gross Unrealized Gains	98	136
Gross Unrealized Losses	(495)	(509)
Estimated Fair Value	28,198	28,399
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Amortized Cost	54,370	56,148
Gross Unrealized Gains	3
Gross Unrealized Losses	(1,028)	(956)
Estimated Fair Value	53,345	55,192
Held to maturity:
Amortized Cost	37,739	41,717
Gross Unrealized Gains	30	93
Gross Unrealized Losses	(659)	(573)
Estimated Fair Value	37,110	41,237
Other asset backed securities
Available for sale:
Amortized Cost	24,250	24,250
Gross Unrealized Gains
Gross Unrealized Losses	(1,455)	(1,697)
Estimated Fair Value	22,795	22,553
Corporate bonds
Available for sale:
Amortized Cost	32,000	32,000
Gross Unrealized Gains
Gross Unrealized Losses	(1,783)	(1,703)
Estimated Fair Value	30,217	30,297
Held to maturity:
Amortized Cost	11,000	11,000
Gross Unrealized Gains	33	26
Gross Unrealized Losses
Estimated Fair Value	$ 11,033	$ 11,026

SECURITIES (Details 1)

SECURITIES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Amortized Cost, Available for sale:
Within one year	$ 10,591
One to five years	86,316
Five to ten years	147,617
Beyond ten years	592,217
Total	836,741	$ 834,564
Fair Value, Available for sale:
Within one year	10,591
One to five years	85,639
Five to ten years	144,678
Beyond ten years	582,607
Estimated Fair Value	823,515	819,722
Amortized Cost, Held to maturity:
Within one year	19,276
One to five years	36,138
Five to ten years	56,800
Beyond ten years	102,747
Total	214,961	223,237
Fair Value, Held to maturity:
Within one year	19,307
One to five years	36,210
Five to ten years	57,517
Beyond ten years	101,588
Estimated Fair Value	$ 214,622	$ 222,878

SECURITIES (Details 2)

SECURITIES (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Available for sale:
Less than 12 months, Fair Value	$ 622,208	$ 671,551
Less than 12 months, Unrealized losses	(10,408)	(12,400)
Greater than 12 months, Fair Value	78,300	57,415
Greater than 12 months, Unrealized losses	(3,573)	(2,825)
Held to maturity:
Less than 12 months, Fair Value	102,596	101,846
Less than 12 months, Unrealized losses	(1,434)	(1,530)
Greater than 12 months, Fair Value	18,094	13,540
Greater than 12 months, Unrealized losses	(678)	(521)
U.S. GSE securities
Available for sale:
Less than 12 months, Fair Value	63,833	63,649
Less than 12 months, Unrealized losses	(1,160)	(1,344)
Greater than 12 months, Fair Value
Greater than 12 months, Unrealized losses
State and municipal obligations
Available for sale:
Less than 12 months, Fair Value	67,719	78,883
Less than 12 months, Unrealized losses	(945)	(1,338)
Greater than 12 months, Fair Value	751	240
Greater than 12 months, Unrealized losses	(15)	(1)
Held to maturity:
Less than 12 months, Fair Value	20,480	21,867
Less than 12 months, Unrealized losses	(87)	(130)
Greater than 12 months, Fair Value
Greater than 12 months, Unrealized losses
U.S. GSE residential mortgage-backed securities
Available for sale:
Less than 12 months, Fair Value	153,469	140,514
Less than 12 months, Unrealized losses	(2,352)	(2,409)
Greater than 12 months, Fair Value	238	241
Greater than 12 months, Unrealized losses	(6)	(5)
Held to maturity:
Less than 12 months, Fair Value	12,688	13,156
Less than 12 months, Unrealized losses	(285)	(287)
Greater than 12 months, Fair Value
Greater than 12 months, Unrealized losses
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Less than 12 months, Fair Value	284,303	319,197
Less than 12 months, Unrealized losses	(4,556)	(5,221)
Greater than 12 months, Fair Value	23,390	15,627
Greater than 12 months, Unrealized losses	(644)	(515)
Held to maturity:
Less than 12 months, Fair Value	39,134	31,297
Less than 12 months, Unrealized losses	(500)	(455)
Greater than 12 months, Fair Value	3,733	3,873
Greater than 12 months, Unrealized losses	(86)	(97)
U.S. GSE commercial mortgage-backed securities
Available for sale:
Less than 12 months, Fair Value	2,556	2,573
Less than 12 months, Unrealized losses	(37)	(36)
Greater than 12 months, Fair Value
Greater than 12 months, Unrealized losses
Held to maturity:
Less than 12 months, Fair Value	12,847	12,860
Less than 12 months, Unrealized losses	(255)	(286)
Greater than 12 months, Fair Value	5,782	5,877
Greater than 12 months, Unrealized losses	(240)	(223)
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Less than 12 months, Fair Value	41,896	48,901
Less than 12 months, Unrealized losses	(790)	(886)
Greater than 12 months, Fair Value	9,341	6,292
Greater than 12 months, Unrealized losses	(238)	(70)
Held to maturity:
Less than 12 months, Fair Value	17,447	22,666
Less than 12 months, Unrealized losses	(307)	(372)
Greater than 12 months, Fair Value	8,579	3,790
Greater than 12 months, Unrealized losses	(352)	(201)
Other asset backed securities
Available for sale:
Less than 12 months, Fair Value
Less than 12 months, Unrealized losses
Greater than 12 months, Fair Value	22,795	22,552
Greater than 12 months, Unrealized losses	(1,455)	(1,697)
Corporate bonds
Available for sale:
Less than 12 months, Fair Value	8,432	17,834
Less than 12 months, Unrealized losses	(568)	(1,166)
Greater than 12 months, Fair Value	21,785	12,463
Greater than 12 months, Unrealized losses	(1,215)	(537)
Held to maturity:
Less than 12 months, Fair Value
Less than 12 months, Unrealized losses
Greater than 12 months, Fair Value
Greater than 12 months, Unrealized losses

SECURITIES (Detail Textuals)

SECURITIES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
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		$ 28,705
Gross gains realized on sale of securities available for sale		300
Gross losses realized on sale of securities available for sale		200
Proceeds from calls of securities	$ 200	$ 30,600
Fair value of securities pledged to secure public deposits and FHLB and FRB overnight borrowings	628,000		$ 570,100
Amount owned in FHLB, ACBB and FRB stock	$ 35,249		$ 34,743

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets measured at fair value on recurring basis
Available for sale securities	$ 823,515	$ 819,722
U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	63,833	63,649
State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	115,731	116,165
U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	179,822	158,048
U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	351,488	367,511
U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	6,284	6,307
U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	53,345	55,192
Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	22,795	22,553
Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	30,217	30,297
Carrying Value
Assets measured at fair value on recurring basis
Available for sale securities	823,515	819,722
Financial Assets: Derivatives	2,752	2,510
Financial Liabilities:
Financial liabilities: Derivatives	1,611	1,670
Recurring basis | Carrying Value
Assets measured at fair value on recurring basis
Available for sale securities	823,515	819,722
Recurring basis | Carrying Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	63,833	63,649
Recurring basis | Carrying Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	115,731	116,165
Recurring basis | Carrying Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	179,822	158,048
Recurring basis | Carrying Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	351,488	367,511
Recurring basis | Carrying Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	6,284	6,307
Recurring basis | Carrying Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	53,345	55,192
Recurring basis | Carrying Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	22,795	22,553
Recurring basis | Carrying Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	30,217	30,297
Recurring basis | Carrying Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	2,752	2,510
Financial Liabilities:
Financial liabilities: Derivatives	1,611	1,670
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1)
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives
Financial Liabilities:
Financial liabilities: Derivatives
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets measured at fair value on recurring basis
Available for sale securities	823,515	819,722
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	63,833	63,649
Recurring basis | Significant Other Observable Inputs (Level 2) | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	115,731	116,165
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	179,822	158,048
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	351,488	367,511
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	6,284	6,307
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	53,345	55,192
Recurring basis | Significant Other Observable Inputs (Level 2) | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	22,795	22,553
Recurring basis | Significant Other Observable Inputs (Level 2) | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	30,217	30,297
Recurring basis | Significant Other Observable Inputs (Level 2) | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	2,752	2,510
Financial Liabilities:
Financial liabilities: Derivatives	1,611	1,670
Recurring basis | Significant Unobservable Inputs (Level 3)
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives
Financial Liabilities:
Financial liabilities: Derivatives

FAIR VALUE (Details 1)

FAIR VALUE (Details 1) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets measured at fair value on non-recurring basis
Impaired loans	$ 60	$ 60
Non-recurring basis | Carrying Value
Assets measured at fair value on non-recurring basis
Impaired loans	58	64
Non-recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1)
Assets measured at fair value on non-recurring basis
Impaired loans
Non-recurring basis | Significant Other Observable Inputs (Level 2)
Assets measured at fair value on non-recurring basis
Impaired loans
Non-recurring basis | Significant Unobservable Inputs (Level 3)
Assets measured at fair value on non-recurring basis
Impaired loans	$ 58	$ 64

FAIR VALUE (Details 2)

FAIR VALUE (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financial assets:
Cash and due from banks	$ 47,541	$ 102,280
Interest bearing deposits with banks	23,423	11,558
Securities available for sale	823,515	819,722
Securities held to maturity	214,622	222,878
Accrued interest receivable	10,259	10,233
Financial liabilities:
Junior subordinated debentures		15,244
Carrying Amount
Financial assets:
Cash and due from banks	47,541	102,280
Interest bearing deposits with banks	23,423	11,558
Securities available for sale	823,515	819,722
Securities restricted	35,249	34,743
Securities held to maturity	214,961	223,237
Loans, net	2,630,901	2,574,536
Derivatives	2,752	2,510
Accrued interest receivable	10,259	10,233
Financial liabilities:
Certificates of deposit	209,887	206,732
Demand and other deposits	2,772,980	2,719,277
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	491,177	496,684
Repurchase agreements	707	674
Subordinated debentures	78,537	78,502
Junior subordinated debentures		15,244
Derivatives	1,611	1,670
Accrued interest payable	550	1,849
Fair Value
Financial assets:
Cash and due from banks	47,541	102,280
Interest bearing deposits with banks	23,423	11,558
Securities available for sale	823,515	819,722
Securities held to maturity	214,622	222,878
Loans, net	2,593,409	2,542,395
Derivatives	2,752	2,510
Accrued interest receivable	10,259	10,233
Financial liabilities:
Certificates of deposit	209,304	206,026
Demand and other deposits	2,772,980	2,719,277
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	490,354	496,249
Repurchase agreements	707	674
Subordinated debentures	78,048	78,303
Junior subordinated debentures		15,258
Derivatives	1,611	1,670
Accrued interest payable	550	1,849
Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
Financial assets:
Cash and due from banks	47,541	102,280
Interest bearing deposits with banks	23,423	11,558
Securities available for sale
Securities held to maturity
Loans, net
Derivatives
Accrued interest receivable
Financial liabilities:
Certificates of deposit
Demand and other deposits	2,772,980	2,719,277
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	43,000	175,000
Repurchase agreements
Subordinated debentures
Junior subordinated debentures
Derivatives
Accrued interest payable		87
Significant Other Observable Inputs (Level 2) | Fair Value
Financial assets:
Cash and due from banks
Interest bearing deposits with banks
Securities available for sale	823,515	819,722
Securities held to maturity	214,622	222,878
Loans, net
Derivatives	2,752	2,510
Accrued interest receivable	4,008	3,480
Financial liabilities:
Certificates of deposit	209,304	206,026
Demand and other deposits
Federal funds purchased
Federal Home Loan Bank advances	447,354	321,249
Repurchase agreements	707	674
Subordinated debentures
Junior subordinated debentures
Derivatives	1,611	1,670
Accrued interest payable	538	316
Significant Unobservable Inputs (Level 3) | Fair Value
Financial assets:
Cash and due from banks
Interest bearing deposits with banks
Securities available for sale
Securities held to maturity
Loans, net	2,593,409	2,542,395
Derivatives
Accrued interest receivable	6,251	6,753
Financial liabilities:
Certificates of deposit
Demand and other deposits
Federal funds purchased
Federal Home Loan Bank advances
Repurchase agreements
Subordinated debentures	78,048	78,303
Junior subordinated debentures		15,258
Derivatives
Accrued interest payable	$ 12	$ 1,446

FAIR VALUE (Detail Textuals)

FAIR VALUE (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
Impaired loans	$ 60	$ 60
Outstanding balance of impaired loans with an allowance recorded	62	66
Valuation allowance on impaired loans	4	1
Additional provision for loan losses	$ 4	$ 10

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Classifications of loans
Total loans	$ 2,652,958	$ 2,596,205
Net deferred loan costs and fees	4,561	4,235
Loans	2,657,519	2,600,440
Allowance for loan losses	(26,618)	(25,904)	$ (21,799)	$ (20,744)
Loans, net	2,630,901	2,574,536
Commercial real estate | Mortgage loans
Classifications of loans
Total loans	1,030,094	1,016,983
Allowance for loan losses	(7,745)	(8,759)	(7,446)	(7,850)
Multi-family | Mortgage loans
Classifications of loans
Total loans	535,295	518,146
Allowance for loan losses	(6,480)	(6,264)	(4,669)	(4,208)
Residential real estate | Mortgage loans
Classifications of loans
Total loans	443,062	439,653
Allowance for loan losses	(2,027)	(1,961)	(2,698)	(2,115)
Commercial, industrial and agricultural loans
Classifications of loans
Total loans	541,940	524,450
Allowance for loan losses	(9,198)	(7,837)	(5,568)	(5,405)
Real estate construction and land loans
Classifications of loans
Total loans	85,704	80,605
Allowance for loan losses	(1,058)	(955)	(1,277)	(1,030)
Installment/consumer loans
Classifications of loans
Total loans	16,863	16,368
Allowance for loan losses	$ (110)	$ (128)	$ (141)	$ (136)

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans by class categorized by internally assigned risk grades
Total loans	$ 2,652,958	$ 2,596,205
Pass
Loans by class categorized by internally assigned risk grades
Total loans	2,557,249	2,511,904
Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	84,474	73,225
Substandard
Loans by class categorized by internally assigned risk grades
Total loans	11,235	11,076
Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Commercial real estate | Mortgage loans
Loans by class categorized by internally assigned risk grades
Total loans	1,030,094	1,016,983
Commercial real estate | Mortgage loans | Owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	428,039	424,215
Commercial real estate | Mortgage loans | Owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	408,052	404,584
Commercial real estate | Mortgage loans | Owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	19,243	18,909
Commercial real estate | Mortgage loans | Owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	744	722
Commercial real estate | Mortgage loans | Owner occupied | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Commercial real estate | Mortgage loans | Non-owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	602,055	592,768
Commercial real estate | Mortgage loans | Non-owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	578,081	569,870
Commercial real estate | Mortgage loans | Non-owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	21,141	20,035
Commercial real estate | Mortgage loans | Non-owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	2,833	2,863
Commercial real estate | Mortgage loans | Non-owner occupied | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Multi-Family | Mortgage loans
Loans by class categorized by internally assigned risk grades
Total loans	535,295	518,146
Multi-Family | Mortgage loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	535,295	518,146
Multi-Family | Mortgage loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans
Multi-Family | Mortgage loans | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Residential real estate | Mortgage loans
Loans by class categorized by internally assigned risk grades
Total loans	443,062	439,653
Residential real estate | Mortgage loans | Residential mortgage
Loans by class categorized by internally assigned risk grades
Total loans	375,914	374,518
Residential real estate | Mortgage loans | Residential mortgage | Pass
Loans by class categorized by internally assigned risk grades
Total loans	366,217	372,853
Residential real estate | Mortgage loans | Residential mortgage | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	7,765	82
Residential real estate | Mortgage loans | Residential mortgage | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	1,932	1,583
Residential real estate | Mortgage loans | Residential mortgage | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Residential real estate | Mortgage loans | Home equity
Loans by class categorized by internally assigned risk grades
Total loans	67,148	65,135
Residential real estate | Mortgage loans | Home equity | Pass
Loans by class categorized by internally assigned risk grades
Total loans	66,084	64,195
Residential real estate | Mortgage loans | Home equity | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	484	563
Residential real estate | Mortgage loans | Home equity | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	580	377
Residential real estate | Mortgage loans | Home equity | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Commercial and Industrial
Loans by class categorized by internally assigned risk grades
Total loans	541,940	524,450
Commercial and Industrial | Secured
Loans by class categorized by internally assigned risk grades
Total loans	108,897	109,234
Commercial and Industrial | Secured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	75,837	75,837
Commercial and Industrial | Secured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	31,190	31,143
Commercial and Industrial | Secured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	1,870	2,254
Commercial and Industrial | Secured | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Commercial and Industrial | Unsecured
Loans by class categorized by internally assigned risk grades
Total loans	433,043	415,216
Commercial and Industrial | Unsecured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	425,546	409,879
Commercial and Industrial | Unsecured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	4,651	2,493
Commercial and Industrial | Unsecured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	2,846	2,844
Commercial and Industrial | Unsecured | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Real estate construction and land loans
Loans by class categorized by internally assigned risk grades
Total loans	85,704	80,605
Real estate construction and land loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	85,374	80,272
Real estate construction and land loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	330	333
Real estate construction and land loans | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans
Installment/consumer loans
Loans by class categorized by internally assigned risk grades
Total loans	16,863	16,368
Installment/consumer loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	16,763	16,268
Installment/consumer loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	100	100
Installment/consumer loans | Doubtful
Loans by class categorized by internally assigned risk grades
Total loans

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	$ 1,072	$ 1,027
Nonaccrual Including 90 Days or More Past Due	1,257	1,241
Total Past Due and Nonaccrual	7,005	4,424
Current	2,645,953	2,591,781
Total Loans	2,652,958	2,596,205
30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	4,631	2,156
60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	45
Commercial real estate | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	1,030,094	1,016,983
Commercial real estate | Mortgage loans | Owner occupied
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	507	467
Nonaccrual Including 90 Days or More Past Due	171	184
Total Past Due and Nonaccrual	1,559	873
Current	426,480	423,342
Total Loans	428,039	424,215
Commercial real estate | Mortgage loans | Owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	881	222
Commercial real estate | Mortgage loans | Owner occupied | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Commercial real estate | Mortgage loans | Non-owner occupied
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,191
Current	600,864	592,768
Total Loans	602,055	592,768
Commercial real estate | Mortgage loans | Non-owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,191
Multi-Family | Mortgage loans
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	443
Current	534,852	518,146
Total Loans	535,295	518,146
Multi-Family | Mortgage loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	443
Multi-Family | Mortgage loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Residential real estate | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	443,062	439,653
Residential real estate | Mortgage loans | Residential mortgage
Past Due and Nonaccrual Loans
Nonaccrual Including 90 Days or More Past Due	758	770
Total Past Due and Nonaccrual	1,733	2,002
Current	374,181	372,516
Total Loans	375,914	374,518
Residential real estate | Mortgage loans | Residential mortgage | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	975	1,232
Residential real estate | Mortgage loans | Residential mortgage | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Residential real estate | Mortgage loans | Home equity
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	246	238
Nonaccrual Including 90 Days or More Past Due	262	265
Total Past Due and Nonaccrual	757	1,035
Current	66,391	64,100
Total Loans	67,148	65,135
Residential real estate | Mortgage loans | Home equity | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	249	532
Residential real estate | Mortgage loans | Home equity | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Commercial and Industrial
Past Due and Nonaccrual Loans
Total Loans	541,940	524,450
Commercial and Industrial | Secured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	209	204
Total Past Due and Nonaccrual	500	231
Current	108,397	109,003
Total Loans	108,897	109,234
Commercial and Industrial | Secured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	291	27
Commercial and Industrial | Secured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Commercial and Industrial | Unsecured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	110	118
Nonaccrual Including 90 Days or More Past Due	65	22
Total Past Due and Nonaccrual	806	255
Current	432,237	414,961
Total Loans	433,043	415,216
Commercial and Industrial | Unsecured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	586	115
Commercial and Industrial | Unsecured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	45
Real estate construction and land loans
Past Due and Nonaccrual Loans
Current	85,704	80,605
Total Loans	85,704	80,605
Real estate construction and land loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Real estate construction and land loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Installment/consumer loans
Past Due and Nonaccrual Loans
Nonaccrual Including 90 Days or More Past Due	1
Total Past Due and Nonaccrual	16	28
Current	16,847	16,340
Total Loans	16,863	16,368
Installment/consumer loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	15	28
Installment/consumer loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Recorded Investment
With no related allowance recorded	$ 10,977		$ 3,287
With an allowance recorded	62		66
Total impaired loans	11,039		3,353
Unpaid Principal Balance
With no related allowance recorded	11,264		3,558
With an allowance recorded	62		66
Total impaired loans	11,326		3,624
Related Allocated Allowance
With an allowance recorded	4		1
Total impaired loans	4		1
Average Recorded Investment
With no related allowance recorded	5,498	$ 3,109
With an allowance recorded	32	188
Average recorded investment in impaired loans	5,530	3,297
Interest Income Recognized
With no related allowance recorded	112	28
With an allowance recorded	1	2
Total impaired loans	113	30
Commercial real estate | Mortgage loans | Owner occupied
Recorded Investment
With no related allowance recorded	311		326
Total impaired loans	311		326
Unpaid Principal Balance
With no related allowance recorded	529		538
Total impaired loans	529		538
Average Recorded Investment
With no related allowance recorded	158	376
Average recorded investment in impaired loans	158	376
Interest Income Recognized
With no related allowance recorded	2	2
Total impaired loans	2	2
Commercial real estate | Mortgage loans | Non-owner occupied
Recorded Investment
With no related allowance recorded	1,205		1,213
Total impaired loans	1,205		1,213
Unpaid Principal Balance
With no related allowance recorded	1,205		1,213
Total impaired loans	1,205		1,213
Average Recorded Investment
With no related allowance recorded	604	1,240
Average recorded investment in impaired loans	604	1,240
Interest Income Recognized
With no related allowance recorded	18	19
Total impaired loans	18	19
Residential real estate | Mortgage loans | Residential mortgage
Recorded Investment
With no related allowance recorded	8,273		520
Total impaired loans	8,273		520
Unpaid Principal Balance
With no related allowance recorded	8,319		558
Total impaired loans	8,319		558
Average Recorded Investment
With no related allowance recorded	4,139	198
Average recorded investment in impaired loans	4,139	198
Interest Income Recognized
With no related allowance recorded	79
Total impaired loans	79
Residential real estate | Mortgage loans | Home equity
Recorded Investment
With no related allowance recorded	261		264
Total impaired loans	261		264
Unpaid Principal Balance
With no related allowance recorded	284		285
Total impaired loans	284		285
Average Recorded Investment
With no related allowance recorded	131	674
Average recorded investment in impaired loans	131	674
Interest Income Recognized
With no related allowance recorded
With an allowance recorded
Total impaired loans
Commercial and Industrial | Secured
Recorded Investment
With no related allowance recorded	543		556
Total impaired loans	543		556
Unpaid Principal Balance
With no related allowance recorded	543		556
Total impaired loans	543		556
Average Recorded Investment
With no related allowance recorded	270	129
Average recorded investment in impaired loans	270	129
Interest Income Recognized
With no related allowance recorded	8	3
Total impaired loans	8	3
Commercial and Industrial | Unsecured
Recorded Investment
With no related allowance recorded	384		408
With an allowance recorded	62		66
Total impaired loans	446		474
Unpaid Principal Balance
With no related allowance recorded	384		408
With an allowance recorded	62		66
Total impaired loans	446		474
Related Allocated Allowance
With an allowance recorded	4		1
Total impaired loans	4		$ 1
Average Recorded Investment
With no related allowance recorded	196	492
With an allowance recorded	32	188
Average recorded investment in impaired loans	228	680
Interest Income Recognized
With no related allowance recorded	5	4
With an allowance recorded	1	2
Total impaired loans	$ 6	$ 6

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Activity in the accretable yield for the purchased credit impaired loans
Balance at beginning of period	$ 6,915	$ 7,113
Accretion	(1,857)	(792)
Reclassification from nonaccretable difference during the period	275	133
Other		418
Accretable discount at end of period	$ 5,333	$ 6,872

LOANS (Detail Textuals)

LOANS (Detail Textuals) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)Family	Dec. 31, 2016USD ($)	Jun. 19, 2015USD ($)	Feb. 14, 2014USD ($)
CNB
Classifications of loans
Addition in acquired loans recorded at fair value			$ 729,400
Fair value of loans acquired	$ 438,300	$ 464,200
FNBNY
Classifications of loans
Fair value of loans acquired	26,000	$ 26,500		$ 89,700
Commercial real estate | Mortgage loans
Lending Risk
Loan amount beyond which annual financial information is sought	$ 250
Residential real estate | Mortgage loans | Home equity | Minimum
Lending Risk
Loan-to-value ratio (as a percent)	80.00%
Multi-Family | Mortgage loans
Lending Risk
Number of families having income producing residential investment properties | Family	5
Multi-Family | Mortgage loans | Maximum
Lending Risk
Loan-to-value ratio (as a percent)	75.00%

LOANS (Detail Textuals 1)

LOANS (Detail Textuals 1) $ in Thousands	1 Months Ended		3 Months Ended
	Jun. 19, 2015USD ($)	Feb. 14, 2014USD ($)	Mar. 31, 2017USD ($)Loan	Mar. 31, 2016USD ($)Loan	Dec. 31, 2016USD ($)
Financing Receivables
Total loans			$ 2,652,958		$ 2,596,205
Impaired loans			11,000		3,400
Loans modified as TDR			$ 7,800	$ 600
Number of loans modified as TDRs for which there was a payment default within twelve months following the modification | Loan			2	2
Period of modified contractually past due loans to be considered as payment default			30 days
Nonaccrual troubled debt restructured loans			$ 300		300
Amount of current and performing TDR loans			10,100		2,400
Appraised value of collateral for nonaccrual TDR loans			1,300		1,300
Post-Modification of other than troubled debt restructuring, recorded investment			13,600
Special Mention
Financing Receivables
Total loans			84,474		73,225
Substandard
Financing Receivables
Total loans			11,235		11,076
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			11,100		12,200
Carrying amount of purchased credit impaired loans			6,900		7,000
Remaining non-accretable difference			1,300		1,300
FNBNY | Special Mention
Financing Receivables
Total loans			200		200
FNBNY | Substandard
Financing Receivables
Total loans			200		200
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			11,700		12,200
Carrying amount of purchased credit impaired loans			2,800		2,300
Remaining non-accretable difference			6,500		6,900
CNB | 30-59 Days Past Due
Acquired Loans
Acquired loans			3,200		1,000
CNB | Special Mention
Financing Receivables
Total loans			10		10
CNB | Substandard
Financing Receivables
Total loans			$ 1,500		$ 1,500

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Allowance for Loan Losses:
Individually evaluated for impairment	$ 4	$ 1
Collectively evaluated for impairment	26,614	25,903
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	26,618	25,904	$ 21,799	$ 20,744
Loans:
Individually evaluated for impairment	11,039	3,353
Collectively evaluated for impairment	2,631,762	2,583,074
Loans acquired with deteriorated credit quality	10,157	9,778
Total Loans	2,652,958	2,596,205
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses:
Collectively evaluated for impairment	7,745	8,759
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	7,745	8,759	7,446	7,850
Loans:
Individually evaluated for impairment	1,516	1,539
Collectively evaluated for impairment	1,026,372	1,013,563
Loans acquired with deteriorated credit quality	2,206	1,881
Total Loans	1,030,094	1,016,983
Multi-Family | Mortgage loans
Allowance for Loan Losses:
Collectively evaluated for impairment	6,480	6,264
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	6,480	6,264	4,669	4,208
Loans:
Collectively evaluated for impairment	532,016	514,853
Loans acquired with deteriorated credit quality	3,279	3,293
Total Loans	535,295	518,146
Residential Real Estate | Mortgage loans
Allowance for Loan Losses:
Collectively evaluated for impairment	2,027	1,961
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	2,027	1,961	2,698	2,115
Loans:
Individually evaluated for impairment	8,534	784
Collectively evaluated for impairment	433,653	437,999
Loans acquired with deteriorated credit quality	875	870
Total Loans	443,062	439,653
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses:
Individually evaluated for impairment	4	1
Collectively evaluated for impairment	9,194	7,836
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	9,198	7,837	5,568	5,405
Loans:
Individually evaluated for impairment	989	1,030
Collectively evaluated for impairment	537,154	519,686
Loans acquired with deteriorated credit quality	3,797	3,734
Total Loans	541,940	524,450
Real Estate Construction and Land Loans
Allowance for Loan Losses:
Collectively evaluated for impairment	1,058	955
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	1,058	955	1,277	1,030
Loans:
Collectively evaluated for impairment	85,704	80,605
Total Loans	85,704	80,605
Installment/Consumer Loans
Allowance for Loan Losses:
Collectively evaluated for impairment	110	128
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	110	128	$ 141	$ 136
Loans:
Collectively evaluated for impairment	16,863	16,368
Total Loans	$ 16,863	$ 16,368

ALLOWANCE FOR LOAN LOSSES (De56

ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allowance for Loan Losses
Beginning balance	$ 25,904	$ 20,744
Charge-offs	(95)	(200)
Recoveries	9	5
Provision	800	1,250
Ending balance	26,618	21,799
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	8,759	7,850
Provision	(1,014)	(404)
Ending balance	7,745	7,446
Multi-Family | Mortgage loans
Allowance for Loan Losses
Beginning balance	6,264	4,208
Provision	216	461
Ending balance	6,480	4,669
Residential Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	1,961	2,115
Recoveries	1
Provision	65	583
Ending balance	2,027	2,698
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses
Beginning balance	7,837	5,405
Charge-offs	(95)	(200)
Recoveries	7	4
Provision	1,449	359
Ending balance	9,198	5,568
Real Estate Construction and Land Loans
Allowance for Loan Losses
Beginning balance	955	1,030
Provision	103	247
Ending balance	1,058	1,277
Installment/Consumer Loans
Allowance for Loan Losses
Beginning balance	128	136
Recoveries	1	1
Provision	(19)	4
Ending balance	$ 110	$ 141

EMPLOYEE BENEFITS (Details)

EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pension Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$ 292	$ 291
Interest cost	185	196
Expected return on plan assets	(520)	(455)
Amortization of net loss	113	99
Amortization of prior service credit	(19)	(19)
Amortization of transition obligation
Net periodic benefit cost	51	112
SERP Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	53	44
Interest cost	26	26
Expected return on plan assets
Amortization of net loss	13	7
Amortization of prior service credit
Amortization of transition obligation	7	7
Net periodic benefit cost	$ 99	$ 84

EMPLOYEE BENEFITS (Detail Textu

EMPLOYEE BENEFITS (Detail Textuals)	3 Months Ended
	Mar. 31, 2017USD ($)
SERP Benefits
Defined Benefit Plan Disclosure [Line Items]
Distribution from the plan	$ 28,000

SECURITIES SOLD UNDER AGREEME59

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 707	$ 674
Carrying amount of U.S. GSE residential collateralized mortgage obligations and U.S. GSE residential mortgage-backed securities	2,200	$ 2,300
Second quarter of 2017
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 700
U.S. GSE residential collateralized mortgage obligations
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	49.00%	49.00%
U.S. GSE residential mortgage-backed securities
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	51.00%	51.00%

FEDERAL HOME LOAN BANK ADVANC60

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Contractual Maturity, Amount
Overnight	$ 43,000	$ 175,000
2,017	420,905	294,113
2,018	25,344	25,431
2,019	1,928	2,140
Total FHLB advances except overnight advances	448,177	321,684
Total FHLB advances	$ 491,177	$ 496,684
Weighted Average Rate
Overnight (as a percent)	1.00%	0.74%
2017 (as a percent)	0.98%	0.82%
2018 (as a percent)	1.06%	1.05%
2019 (as a percent)	1.02%	1.04%
Weighted Average Rate for total FHLB advances except overnight advances (as a percent)	0.99%	0.84%
Weighted Average Rate for total FHLB advances (as a percent)	0.99%	0.80%

FEDERAL HOME LOAN BANK ADVANC61

FEDERAL HOME LOAN BANK ADVANCES (Detail Textuals) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Advances collateralized amount	$ 976.4	$ 923.9
Maximum borrowing amount from FHLB term advances	$ 1,220

BORROWED FUNDS (Detail Textuals

BORROWED FUNDS (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2015	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 80,000
Subordinated debentures, net		$ 78,537	$ 78,502
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 Textua63

BORROWED FUNDS (Detail Textuals 1) - USD ($)	Dec. 15, 2016	Jan. 18, 2017	Jan. 17, 2017	Dec. 28, 2016	Dec. 31, 2009	Mar. 31, 2017	Dec. 31, 2016	May 27, 2016
Junior subordinated debentures
Amount of debentures issued to trust							$ 15,244,000
Number of shares issued for trust preferred securities conversions						529,292
Trust preferred shares to be redeemed		350
Trust Preferred Securities Liquidation Amount To Be Redeemed		$ 350,000
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
Conversion price (in dollars per share)								$ 29
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

DERIVATIVES (Details)

DERIVATIVES (Details) - Interest rate swaps - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Derivatives
Notional amounts	$ 305,000	$ 175,000
Weighted average pay rates (as a percent)	1.74%	1.61%
Weighted average receive rates (as a percent)	1.12%	0.95%
Weighted average maturity	3 years 2 months 27 days	2 years 11 months 23 days

DERIVATIVES (Details 1)

DERIVATIVES (Details 1) - Derivative designated as a cash flow hedge - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
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)	$ 25	$ (2,023)
Interest rate contracts, Amount of loss reclassified from OCI to interest expense	(275)	(250)
Interest rate contracts, Amount of loss recognized in other non-interest income (Ineffective Portion)

DERIVATIVES (Details 2)

DERIVATIVES (Details 2) - Derivative designated as a cash flow hedge - Interest rate swaps related to FHLB advances - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 305,000	$ 175,000
Fair Value Asset	2,156	1,994
Fair Value Liability	$ (1,016)	$ (1,153)

DERIVATIVES (Details 3)

DERIVATIVES (Details 3) - Interest rate swaps - Non-Designated Hedges - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Derivatives
Notional amounts	$ 76,047	$ 62,472
Weighted average pay rates (as a percent)	3.62%	3.50%
Weighted average receive rates (as a percent)	3.62%	3.50%
Weighted average maturity	13 years 7 days	13 years 11 months 19 days
Fair value of combined interest rate swaps

DERIVATIVES (Detail Textuals)

DERIVATIVES (Detail Textuals) - Interest rate swaps - Derivative designated as a cash flow hedge - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Derivative [Line Items]
Notional amounts	$ 305,000,000		$ 175,000,000
Derivative liability position net	200,000
Derivative asset position net	1,100,000
Collateral posted against obligations in net liability position	300,000
Collateral received against obligations in net asset position	800,000
Federal Home Loan Bank
Derivative [Line Items]
Interest expense on derivative	275,000	$ 250,000
Reclassifications to interest expense	275,000
Reclassified estimated increase in interest expense	$ 1,200,000

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized holding gains on available for sale securities	$ 1,616	$ 9,740
Reclassification adjustment for gains realized in income		(66)
Income tax effect	(606)	(3,917)
Net change in unrealized gains on available for sale securities	1,010	5,757
Reclassification adjustment for amortization realized in income	114	94
Income tax effect	(17)	(33)
Net change in post-retirement obligation	97	61
Change in fair value of derivatives used for cash flow hedges	25	(2,023)
Reclassification adjustment for losses realized in income	275	250
Income tax effect	(126)	720
Net change in unrealized gain (loss) on cash flow hedges	174	(1,053)
Other comprehensive income	$ 1,281	$ 4,765

OTHER COMPREHENSIVE INCOME (D70

OTHER COMPREHENSIVE INCOME (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Unrealized losses on available for sale securities
Balance at the beginning of the period	$ (8,823)
Current Period Change	1,010	$ 5,757
Balance at the end of the period	(7,813)
Unrealized losses on pension benefits
Balance at the beginning of the period	(4,741)
Current Period Change	97	61
Balance at the end of the period	(4,644)
Unrealized gains on cash flow hedges
Balance at the beginning of the period	500
Current Period Change	174	(1,053)
Balance at the end of the period	674
Accumulated other comprehensive loss
Balance at the beginning of the period	(13,064)
Current Period Change	1,281	$ 4,765
Balance at the end of the period	$ (11,783)

OTHER COMPREHENSIVE INCOME (D71

OTHER COMPREHENSIVE INCOME (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amounts Reclassified from AOCI
Realized gains on sale of available for sale securities		$ 66
Income before income taxes	$ 13,487	13,270
Income tax (expense) benefit	(4,316)	(4,644)
Net income	9,171	8,626
Amount Reclassified from Accumulated Other Comprehensive Income
Amounts Reclassified from AOCI
Income before income taxes	(389)	(278)
Income tax (expense) benefit	159	112
Net income	(230)	(166)
Amount Reclassified from Accumulated Other Comprehensive Income | Net securities gains
Amounts Reclassified from AOCI
Realized gains on sale of available for sale securities		66
Amount Reclassified from Accumulated Other Comprehensive Income | Amortization of defined benefit pension plan and the defined benefit plan component of the SERP
Amounts Reclassified from AOCI
Prior service cost	19	19
Transition obligation	(7)	(7)
Actuarial losses	(126)	(106)
Amount Reclassified from Accumulated Other Comprehensive Income | Realized losses on cash flow hedges
Amounts Reclassified from AOCI
Gain (loss) on interest rate contracts reclassified to interest expense	$ (275)	$ (250)