Dime Community Bancshares (DCOM) 10-Q 9 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 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		19,712,220
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 62,195	$ 102,280
Interest earning deposits with banks	22,957	11,558
Total cash and cash equivalents	85,152	113,838
Securities available for sale, at fair value	835,992	819,722
Securities held to maturity (fair value of $204,576 and $222,878 , respectively)	203,907	223,237
Total securities	1,039,899	1,042,959
Securities, restricted	38,819	34,743
Loans held for investment	2,796,309	2,600,440
Allowance for loan losses	(27,544)	(25,904)
Loans, net	2,768,765	2,574,536
Premises and equipment, net	35,048	35,263
Accrued interest receivable	9,729	10,233
Goodwill	105,950	105,950
Other intangible assets	5,510	5,824
Prepaid pension	9,363	7,070
Bank owned life insurance	86,371	85,243
Other assets	36,847	38,911
Total Assets	4,221,453	4,054,570
LIABILITIES AND STOCKHOLDERS' EQUITY
Demand deposits	1,159,320	1,151,268
Savings, NOW and money market deposits	1,674,680	1,568,009
Certificates of deposit of $100,000 or more	152,380	126,198
Other time deposits	73,238	80,534
Total deposits	3,059,618	2,926,009
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	563,974	496,684
Repurchase agreements	731	674
Subordinated debentures, net	78,571	78,502
Junior subordinated debentures, net		15,244
Other liabilities and accrued expenses	32,852	29,470
Total Liabilities	3,785,746	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; 19,706,762 and 19,106,246 shares issued, respectively; and 19,705,837 and 19,100,389 shares outstanding, respectively)	197	191
Surplus	345,768	329,427
Retained earnings	100,503	91,594
Treasury stock at cost, 925 and 5,857 shares, respectively	(30)	(161)
Total stockholders' equity before accumulated other comprehensive income (loss)	446,438	421,051
Accumulated other comprehensive loss, net of income tax	(10,731)	(13,064)
Total Stockholders' Equity	435,707	407,987
Total Liabilities and Stockholders' Equity	$ 4,221,453	$ 4,054,570

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Consolidated Balance Sheets
Securities held to maturity, fair value (in dollars)	$ 204,576	$ 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	19,706,762	19,106,246
Common stock, shares outstanding	19,705,837	19,100,389
Treasury Stock, shares	925	5,857

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest income:
Loans (including fee income)	$ 30,252	$ 29,228	$ 59,635	$ 57,177
Mortgage-backed securities, CMOs and other asset-backed securities	3,898	3,648	7,715	7,497
U.S. GSE securities	301	296	601	652
State and municipal obligations	1,010	943	2,005	1,837
Corporate bonds	293	279	583	556
Deposits with banks	71	35	117	72
Other interest and dividend income	409	304	795	549
Total interest income	36,234	34,733	71,451	68,340
Interest expense:
Savings, NOW and money market deposits	1,812	1,289	3,363	2,567
Certificates of deposit of $100,000 or more	431	116	810	331
Other time deposits	179	123	357	317
Federal funds purchased and repurchase agreements	355	293	671	478
Federal Home Loan Bank advances	1,529	844	2,678	1,671
Subordinated debentures	1,135	1,135	2,270	2,270
Junior subordinated debentures		343	48	684
Total interest expense	5,441	4,143	10,197	8,318
Net interest income	30,793	30,590	61,254	60,022
Provision for loan losses	950	900	1,750	2,150
Net interest income after provision for loan losses	29,843	29,690	59,504	57,872
Non interest income:
Service charges and other fees	2,220	2,091	4,270	4,083
Net securities gains		383		449
Title fee income	541	437	1,091	914
Gain on sale of Small Business Administration loans	799	343	1,342	457
BOLI income	567	431	1,127	802
Other operating income	382	584	801	1,559
Total non interest income	4,509	4,269	8,631	8,264
Non interest expense:
Salaries and employee benefits	11,397	10,616	22,701	21,153
Occupancy and equipment	3,439	3,259	6,837	6,183
Technology and communications	1,390	1,318	2,725	2,403
Marketing and advertising	1,577	1,209	2,488	1,966
Professional services	642	1,039	1,423	2,047
FDIC assessments	332	537	643	1,045
Acquisition costs				(270)
Amortization of other intangible assets	274	672	553	1,348
Other operating expenses	1,955	1,791	3,932	3,473
Total non interest expense	21,006	20,441	41,302	39,348
Income before income taxes	13,346	13,518	26,833	26,788
Income tax expense	4,505	4,664	8,821	9,308
Net income	$ 8,841	$ 8,854	$ 18,012	$ 17,480
Basic earnings per share (in dollars per share)	$ 0.45	$ 0.51	$ 0.91	$ 1
Diluted earnings per share (in dollars per share)	$ 0.45	$ 0.5	$ 0.91	$ 0.99

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Consolidated Statements of Comprehensive Income
Net Income	$ 8,841	$ 8,854	$ 18,012	$ 17,480
Other comprehensive income:
Change in unrealized net gains on securities available for sale, net of reclassifications and deferred income taxes	1,533	1,392	2,543	7,149
Adjustment to pension liability, net of reclassifications and deferred income taxes	66	58	163	119
Unrealized losses on cash flow hedges, net of reclassifications and deferred income taxes	(547)	(251)	(373)	(1,304)
Total other comprehensive income	1,052	1,199	2,333	5,964
Comprehensive income	$ 9,893	$ 10,053	$ 20,345	$ 23,444

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			17,480			17,480
Shares issued under the dividend reinvestment plan		447				447
Stock awards granted and distributed	1	(133)		$ 132
Stock awards forfeited		81		(81)
Repurchase of surrendered stock from vesting of restricted stock awards				(308)		(308)
Exercise of stock options		(21)		21
Impact of modification of convertible trust preferred securities		356				356
Share based compensation expense		1,067				1,067
Cash dividend declared, $0.46 per share			(8,053)			(8,053)
Other comprehensive income, net of deferred income taxes					5,964	5,964
Balance at Jun. 30, 2016	175	280,130	81,670	(236)	(3,658)	358,081
Balance at Dec. 31, 2016	191	329,427	91,594	(161)	(13,064)	407,987
Increase (Decrease) in Stockholders' Equity
Net Income			18,012			18,012
Shares issued under the dividend reinvestment plan		469				469
Shares issued for trust preferred securities conversions (529,292 shares)	5	14,944				14,949
Stock awards granted and distributed	1	(416)		415
Stock awards forfeited		20		(20)
Repurchase of surrendered stock from vesting of restricted stock awards				(264)		(264)
Share based compensation expense		1,324				1,324
Cash dividend declared, $0.46 per share			(9,103)			(9,103)
Other comprehensive income, net of deferred income taxes					2,333	2,333
Balance at Jun. 30, 2017	$ 197	$ 345,768	$ 100,503	$ (30)	$ (10,731)	$ 435,707

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical) (unaudited) - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Consolidated Statements of Stockholders' Equity
Number of shares issued for trust preferred securities conversions	529,292
Cash dividend declared (in dollars per share)	$ 0.46	$ 0.46

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 18,012	$ 17,480
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,750	2,150
Depreciation and (accretion)	(2,049)	(3,438)
Net amortization on securities	3,291	3,185
Increase in cash surrender value of bank owned life insurance	(1,127)	(802)
Amortization of intangible assets	553	1,348
Share based compensation expense	1,324	1,067
Net securities gains		(449)
Increase in accrued interest receivable	504	354
Small Business Administration ("SBA") loans originated for sale	(14,483)	(4,839)
Proceeds from sale of the guaranteed portion of SBA loans	16,123	5,400
Gain on sale of the guaranteed portion of SBA loans	(1,342)	(457)
(Increase) decrease in other assets	(2,203)	597
Increase (decrease) in accrued expenses and other liabilities	3,636	(4,688)
Net cash provided by operating activities	23,989	16,908
Cash flows from investing activities:
Purchases of securities available for sale	(73,916)	(182,100)
Purchases of securities, restricted	(303,890)	(256,768)
Purchases of securities held to maturity	(2,031)	(32,651)
Proceeds from sales of securities available for sale		264,358
Redemption of securities, restricted	299,814	260,662
Maturities, calls and principal payments of securities available for sale	59,170	100,636
Maturities, calls and principal payments of securities held to maturity	20,756	18,450
Net increase in loans	(192,825)	(117,318)
Proceeds from sales of other real estate owned, net		278
Purchase of bank owned life insurance		(30,000)
Purchase of premises and equipment	(1,685)	(1,786)
Net cash (used in) provided by investing activities	(194,607)	23,761
Cash flows from financing activities:
Net increase in deposits	133,646	10,694
Net (decrease) increase in federal funds purchased	(50,000)	30,000
Net increase (decrease) in Federal Home Loan Bank advances	67,479	(98,415)
Repayment of junior subordinated debentures	(352)
Net increase in repurchase agreements	57	4
Net proceeds from issuance of common stock	469	447
Repurchase of surrendered stock from vesting of restricted stock awards	(264)	(308)
Cash dividends paid	(9,103)	(8,053)
Net cash provided by (used in) financing activities	141,932	(65,631)
Net decrease in cash and cash equivalents	(28,686)	(24,962)
Cash and cash equivalents at beginning of period	113,838	104,558
Cash and cash equivalents at end of period	85,152	79,596
Cash paid for:
Interest	10,498	8,506
Income tax	165	$ 11,107
Noncash investing and financing activities:
Conversion of junior subordinated debentures	$ 15,350

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2017 and 2016: Three Months Ended Six Months Ended June 30, June 30, ( In thousands, except per share data 2017 2016 2017 2016 Net Income $ 8,841 $ 8,854 $ 18,012 $ 17,480 Dividends paid on and earnings allocated to participating securities (182 ) (181 ) (360 ) (351 ) Income attributable to common stock $ 8,659 $ 8,673 $ 17,652 $ 17,129 Weighted average common shares outstanding, including participating securities 19,781 17,507 19,725 17,493 Weighted average participating securities (410 ) (358 ) (401 ) (356 ) Weighted average common shares outstanding 19,371 17,149 19,324 17,137 Basic earnings per common share $ 0.45 $ 0.51 $ 0.91 $ 1.00 Income attributable to common stock $ 8,659 $ 8,673 $ 17,652 $ 17,129 Impact of assumed conversions - interest on 8.5% trust preferred securities - 223 32 444 Income attributable to common stock including assumed conversions $ 8,659 $ 8,896 $ 17,684 $ 17,573 Weighted average common shares outstanding 19,371 17,149 19,324 17,137 Incremental shares from assumed conversions of options and restricted stock units 23 14 20 9 Incremental shares from assumed conversions of 8.5% trust preferred securities - 530 35 523 Weighted average common and equivalent shares outstanding 19,394 17,693 19,379 17,669 Diluted earnings per common share $ 0.45 $ 0.50 $ 0.91 $ 0.99 There were no stock options outstanding for the six months ended June 30, 2017. There were no stock options that were antidilutive for the six months ended June 30, 2016. There were no restricted stock units that were antidilutive for the three months ended June 30, 2017 and 2016. There were 20,084 and 25,001 restricted stock units that were antidilutive for the six months ended June 30, 2017 and 2016, respectively. The $15.7 million in trust preferred securities outstanding at December 31, 2016 were redeemed effective January 18, 2017 and therefore were not included in the computation of diluted earnings per share for the three months ended June 30, 2017, but were dilutive for the six months ended June 30, 2017 and therefore were included in the computation of diluted earnings per share for that period. The $16.0 million in trust preferred securities outstanding at June 30, 2016 were dilutive for the three and six months ended June 30, 2016 and therefore were included in the computation of diluted earnings per share for those periods.

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2017: Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2017 301,991 $ 24.59 Granted 70,981 $ 35.62 Vested (40,881 ) $ 22.16 Forfeited (800 ) $ 27.72 Unvested, June 30, 2017 331,291 $ 27.25 During the six months ended June 30, 2017, restricted stock awards of 70,981 shares were granted. Of the 70,981 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, 10,270 shares vest ratably over three years, and 3,455 shares vest over six months. During the six months ended June 30, 2016, restricted stock awards of 66,809 shares were granted. Of the 66,809 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 3,600 shares vest ratably over three years. Compensation expense attributable to restricted stock awards was $503,000 and $916,000 for the three and six months ended June 30, 2017, respectively, and $387,000 and $738,000 for the three and six months ended June 30, 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 $79,000 and $148,000 in connection with these awards for the three and six months ended June 30, 2017, respectively, and $51,000 and $91,000 for the three and six months ended June 30, 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 $132,000 and $260,000 for the three and six months ended June 30, 2017, respectively, and $123,000 and $238,000 for the three and six months ended June 30, 2016, respectively.

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 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: June 30, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 64,993 $ - $ (880 ) $ 64,113 State and municipal obligations 120,835 761 (566 ) 121,030 U.S. GSE residential mortgage-backed securities 204,903 47 (2,110 ) 202,840 U.S. GSE residential collateralized mortgage obligations 340,752 113 (4,369 ) 336,496 U.S. GSE commercial mortgage-backed securities 6,256 51 (15 ) 6,292 U.S. GSE commercial collateralized mortgage obligations 52,634 - (720 ) 51,914 Other asset backed securities 24,250 - (1,273 ) 22,977 Corporate bonds 32,000 - (1,670 ) 30,330 Total available for sale 846,623 972 (11,603 ) 835,992 Held to maturity: State and municipal obligations 59,864 1,590 (24 ) 61,430 U.S. GSE residential mortgage-backed securities 12,485 - (242 ) 12,243 U.S. GSE residential collateralized mortgage obligations 57,770 376 (366 ) 57,780 U.S. GSE commercial mortgage-backed securities 28,403 186 (339 ) 28,250 U.S. GSE commercial collateralized mortgage obligations 34,385 23 (552 ) 33,856 Corporate bonds 11,000 17 - 11,017 Total held to maturity 203,907 2,192 (1,523 ) 204,576 Total securities $ 1,050,530 $ 3,164 $ (13,126 ) $ 1,040,568 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 June 30, 2017 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 7,873 $ 7,871 One to five years 102,207 101,662 Five to ten years 137,268 135,246 Beyond ten years 599,275 591,213 Total $ 846,623 $ 835,992 Held to maturity: Within one year $ 13,832 $ 13,852 One to five years 37,901 38,225 Five to ten years 50,367 51,496 Beyond ten years 101,807 101,003 Total $ 203,907 $ 204,576 The following tables summarize securities with gross unrealized losses at June 30, 2017 and December 31, 2016, aggregated by category and length of time that individual securities have been in a continuous unrealized loss position: June 30, 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 $ 64,113 $ (880 ) $ - $ - State and municipal obligations 57,088 (475 ) 4,499 (91 ) U.S. GSE residential mortgage-backed securities 181,303 (2,105 ) 176 (5 ) U.S. GSE residential collateralized mortgage obligations 265,581 (3,547 ) 40,814 (822 ) U.S. GSE commercial mortgage-backed securities 2,561 (15 ) - - U.S. GSE commercial collateralized mortgage obligations 42,555 (567 ) 9,358 (153 ) Other asset backed securities - - 22,977 (1,273 ) Corporate bonds 8,356 (644 ) 21,974 (1,026 ) Total available for sale 621,557 (8,233 ) 99,798 (3,370 ) Held to maturity: State and municipal obligations 1,994 (16 ) 1,020 (8 ) U.S. GSE residential mortgage-backed securities 12,244 (242 ) - - U.S. GSE residential collateralized mortgage obligations 19,630 (298 ) 3,616 (68 ) U.S. GSE commercial mortgage-backed securities 12,884 (157 ) 5,761 (182 ) U.S. GSE commercial collateralized mortgage obligations 14,722 (229 ) 8,611 (323 ) Total held to maturity $ 61,474 $ (942 ) $ 19,008 $ (581 ) 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 ) 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. The corporate bonds within the portfolio have all maintained an investment grade rating by either Moody’s or Standard and Poor’s. None of the unrealized losses is related to credit losses. The Company does not have the intent to sell these securities and it is more likely than not that it will not be required to sell the securities before their anticipated recovery. Therefore, the Company does not consider these securities to be other-than-temporarily impaired at Sales and Calls of Securities There were no proceeds from sales of securities for the three and six months ended the June 30, 2017. There were $235.7 million of proceeds from sales of securities with gross gains of $1.3 million and gross losses of $0.9 million realized for the three months ended June 30, 2016. There were $264.4 million of proceeds from sales of securities with gross gains of $1.6 million and gross losses of $1.2 million realized for the six months ended June 30, 2016. There were no proceeds from calls of securities for the three and six months ended the June 30, 2017. Proceeds from calls of securities were $22.3 million and $53.0 million for the three and six months ended June 30, 2016, respectively. Pledged Securities Securities having a fair value of $549.4 million and $570.1 million at June 30, 2017 and December 31, 2016 Trading Securities The Company did not hold any trading securities during the six months ended Restricted Securities The Bank is a member of the FHLB of New York. Members are required to own a particular amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. The Bank is a member of the Atlantic Central Banker’s Bank (“ACBB”) and is required to own ACBB stock. The Bank is also a member of the FRB system and required to own FRB stock. FHLB, ACBB and FRB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The Bank owned $38.8 million and $34.7 million in FHLB, ACBB and FRB stock at June 30, 2017 and December 31, 2016, respectively. These amounts were reported as restricted securities in the consolidated balance sheets.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 64,113 $ 64,113 State and municipal obligations 121,030 121,030 U.S. GSE residential mortgage-backed securities 202,840 202,840 U.S. GSE residential collateralized mortgage obligations 336,496 336,496 U.S. GSE commercial mortgage-backed securities 6,292 6,292 U.S. GSE commercial collateralized mortgage obligations 51,914 51,914 Other asset backed securities 22,977 22,977 Corporate bonds 30,330 30,330 Total available for sale securities $ 835,992 $ 835,992 Derivatives $ 2,401 $ 2,401 Financial liabilities: Derivatives $ 2,186 $ 2,186 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: June 30, 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 $ 760 $ 760 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 June 30, 2017 had a carrying amount of $0.8 million, which is made up of the outstanding balance of $1.3 million, net of a valuation allowance of $0.5 million. Impaired loans with an allocated allowance for loan losses at December 31, 2016 had a carrying amount of $64 thousand, which is made up of the outstanding balance of $65 thousand, net of a valuation allowance of $1 thousand. There was no other real estate owned at June 30, 2017 and December 31, 2016. The Company used the following methods and assumptions in estimating the fair value of its financial instruments: Cash and Due from Banks and Interest Earning Deposits with Banks: Securities Available for Sale and Held to Maturity: 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 June 30, 2017 and December 31, 2016: June 30, 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 $ 62,195 $ 62,195 $ - $ - $ 62,195 Interest earning deposits with banks 22,957 22,957 - - 22,957 Securities available for sale 835,992 - 835,992 - 835,992 Securities restricted 38,819 n/a n/a n/a n/a Securities held to maturity 203,907 - 204,576 - 204,576 Loans, net 2,768,765 - - 2,733,006 2,733,006 Derivatives 2,401 - 2,401 - 2,401 Accrued interest receivable 9,729 - 3,499 6,230 9,729 Financial liabilities: Certificates of deposit 225,618 - 225,211 - 225,211 Demand and other deposits 2,834,000 2,834,000 - - 2,834,000 Federal funds purchased 50,000 50,000 - - 50,000 Federal Home Loan Bank advances 563,974 196,896 367,034 - 563,930 Repurchase agreements 731 - 731 - 731 Subordinated debentures 78,571 - 78,764 - 78,764 Junior subordinated debentures - - - - - Derivatives 2,186 - 2,186 - 2,186 Accrued interest payable 1,501 - 389 1,112 1,501 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 earning 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	6 Months Ended
	Jun. 30, 2017
LOANS
LOANS	6. LOANS The following table sets forth the major classifications of loans: ( In thousands June 30, 2017 December 31, 2016 Commercial real estate mortgage loans $ 1,191,848 $ 1,091,752 Multi-family mortgage loans 547,101 518,146 Residential real estate mortgage loans 383,008 364,884 Commercial, industrial and agricultural loans 574,241 524,450 Real estate construction and land loans 78,693 80,605 Installment/consumer loans 16,726 16,368 Total loans 2,791,617 2,596,205 Net deferred loan costs and fees 4,692 4,235 Total loans held for investment 2,796,309 2,600,440 Allowance for loan losses (27,544 ) (25,904 ) Loans, net $ 2,768,765 $ 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 $418.8 million and $464.2 million of acquired CNB loans remaining as of June 30, 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 $24.8 million and $26.5 million of acquired FNBNY loans remaining as of June 30, 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 is secured by real estate in these areas. Accordingly, the ultimate collectability of the loan portfolio is susceptible to changes in market and economic conditions in this region. Commercial Real Estate Mortgages Loans in this classification include income producing investment properties and owner occupied real estate used for business purposes. The underlying properties are located largely in the Bank’s primary market area. The cash flows of the income producing investment properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on credit quality. Generally, management seeks to obtain annual financial information for borrowers with loans in excess of $250,000 in this category. In the case of owner-occupied real estate used for business purposes, a weakened economy and resultant decreased consumer and/or business spending will have an adverse effect on credit quality. Multi-Family Mortgages Loans in this classification include income producing residential investment properties of five or more families. The loans are usually made in areas with limited single-family residences generating high demand for these facilities. Loans are made to established owners with a proven and demonstrable record of strong performance. Loans are secured by a first mortgage lien on the subject property with a loan to value ratio generally not exceeding 75%. Repayment is derived generally from the rental income generated from the property and may be supplemented by the owners’ personal cash flow. Credit risk arises with an increase in vacancy rates, property mismanagement and the predominance of non-recourse loans that are customary in the industry. Residential Real Estate Mortgages and Home Equity Loans Loans in these classifications are generally secured by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, can have an effect on the credit quality in this loan class. The Bank generally does not originate loans with a loan-to-value ratio greater than 80% and does not grant subprime loans. Commercial, Industrial and Agricultural Loans Loans in this classification are made to businesses and include term loans, lines of credit, senior secured loans to corporations, equipment financing and taxi medallion loans. Generally, these loans are secured by assets of the business and repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer and/or business spending, will have an effect on the credit quality in this loan class. Real Estate Construction and Land Loans Loans in this classification primarily include land loans to local individuals, contractors and developers for developing the land for sale or for the purpose of making improvements thereon. Repayment is derived primarily from sale of the lots/units including any pre-sold units. Credit risk is affected by market conditions, time to sell at an adequate price and cost overruns. To a lesser extent, this class includes commercial development projects that the Company finances, which in most cases require interest only during construction, and then convert to permanent financing. Construction delays, cost overruns, market conditions and the availability of permanent financing, to the extent such permanent financing is not being provided by the Bank, all affect the credit risk in this loan class. Installment and Consumer Loans Loans in this classification may be either secured or unsecured. Repayment is dependent on the credit quality of the individual borrower and, if applicable, sale of the collateral securing the loan, such as automobiles. Therefore, the overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this loan class. Credit Quality Indicators The Company categorizes loans into risk categories of pass, special mention, substandard and doubtful based on relevant information about the ability of borrowers to service their debt including repayment patterns, probable incurred losses, past loss experience, current economic conditions, and various types of concentrations of credit. Assigned risk rating grades are continuously updated as new information is obtained. Loans risk rated special mention, substandard and doubtful are reviewed on a quarterly basis. The Company uses the following definitions for risk rating grades: Pass: Special mention: Substandard: Doubtful: The following tables represent loans categorized by class and internally assigned risk grades as of June 30, 2017 and December 31, 2016: June 30, 2017 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 426,406 $ 1,345 $ 18,079 $ - $ 445,830 Non-owner occupied 712,934 28,633 4,451 - 746,018 Multi-family 547,101 - - - 547,101 Residential real estate: Residential mortgage 319,064 186 441 - 319,691 Home equity 62,149 582 586 - 63,317 Commercial and industrial: Secured 73,958 24,918 7,500 - 106,376 Unsecured 451,095 10,002 6,768 - 467,865 Real estate construction and land loans 78,367 - 326 - 78,693 Installment/consumer loans 16,607 19 100 - 16,726 Total loans $ 2,687,681 $ 65,685 $ 38,251 $ - $ 2,791,617 At June 30, 2017, there were $1.9 million and $2.5 million of acquired CNB loans included in the special mention and substandard grades, respectively, and $0.2 million and $0.3 million of acquired FNBNY loans included in the special mention and substandard grades, respectively. December 31, 2016 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 404,584 $ 18,909 $ 722 $ - $ 424,215 Non-owner occupied 643,426 20,035 4,076 - 667,537 Multi-family 518,146 - - - 518,146 Residential real estate: Residential mortgage 299,297 82 370 - 299,749 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 June 30, 2017 and December 31, 2016 by class of loans, as defined by FASB ASC 310-10: June 30, 2017 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Commercial real estate: Owner occupied $ 353 $ 297 $ 560 $ 158 $ 1,368 $ 444,462 $ 445,830 Non-owner occupied - 1,192 - - 1,192 744,826 746,018 Multi-family - - - - - 547,101 547,101 Residential real estate: Residential mortgages 1,889 - - 499 2,388 317,303 319,691 Home equity 283 - 254 199 736 62,581 63,317 Commercial and industrial: Secured 227 38 212 1,566 2,043 104,333 106,376 Unsecured 1,766 142 - 252 2,160 465,705 467,865 Real estate construction and land loans - - - - - 78,693 78,693 Installment/consumer loans 12 49 - 1 62 16,664 16,726 Total loans $ 4,530 $ 1,718 $ 1,026 $ 2,675 $ 9,949 $ 2,781,668 $ 2,791,617 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 - - - - - 667,537 667,537 Multi-family - - - - - 518,146 518,146 Residential real estate: Residential mortgages 1,232 - - 770 2,002 297,747 299,749 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 $3.4 million and $1.0 million of acquired loans that were 30-89 days past due at June 30, 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 June 30, 2017 and December 31, 2016, the Company had individually impaired loans as defined by FASB ASC No. 310, “Receivables” of $15.3 million and $3.4 million, respectively. During the six months ended June 30, 2017, the Bank modified certain commercial real estate mortgage loans as troubled debt restructurings (“TDRs”) totaling $7.8 million which are classified as special mention and certain taxi medallion loans totaling $2.8 million which are classified as substandard which caused the increase in impaired loans from December 31, 2016. For a loan to be considered impaired, management determines after review whether it is probable that the Bank will not be able to collect all amounts due according to the contractual terms of the loan agreement. Management applies its normal loan review procedures in making these judgments. Impaired loans include individually classified nonaccrual loans and TDRs. For impaired loans, the Bank evaluates the impairment of the loan in accordance with FASB ASC 310-10-35-22. Impairment is determined based on the present value of expected future cash flows discounted at the loan’s effective interest rate. For loans that are collateral dependent, the fair value of the collateral is used to determine the fair value of the loan. The fair value of the collateral is determined based on recent appraised values. The fair value of the collateral or present value of expected cash flows is compared to the carrying value to determine if any write-down or specific loan loss allowance allocation is required. The following tables set forth the recorded investment, unpaid principal balance and related allowance by class of loans at June 30, 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 and six months ended June 30, 2017 and 2016: June 30, 2017 Three Months Ended Six Months Ended (In thousands) Recorded Investment Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 297 $ 521 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 8,930 8,930 - 8,944 101 5,075 198 Residential real estate: Residential mortgages 698 799 - 535 - 498 - Home equity 260 236 - 260 3 261 3 Commercial and industrial: Secured 3,379 3,379 - 1,491 53 1,015 61 Unsecured 457 472 - 400 3 396 8 Total with no related allowance recorded $ 14,021 $ 14,337 $ - $ 11,932 $ 163 $ 7,554 $ 275 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - $ - $ - Non-owner occupied - - - - - - - Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured 1,216 1,216 456 405 - 203 - Unsecured 88 88 88 58 - 29 1 Total with an allowance recorded $ 1,304 $ 1,304 $ 544 $ 463 $ - $ 232 $ 1 Total: Commercial real estate: Owner occupied $ 297 $ 521 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 8,930 8,930 - 8,944 101 5,075 198 Residential real estate: Residential mortgages 698 799 - 535 - 498 - Home equity 260 236 - 260 3 261 3 Commercial and industrial: Secured 4,595 4,595 456 1,896 53 1,218 61 Unsecured 545 560 88 458 3 425 9 Total $ 15,325 $ 15,641 $ 544 $ 12,395 $ 163 $ 7,786 $ 276 December 31, 2016 Three Months Ended Six Months Ended (In thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 360 $ 3 $ 368 $ 5 Non-owner occupied 1,213 1,213 - 1,232 18 1,236 37 Residential real estate: Residential mortgages 520 558 - 558 - 378 - Home equity 264 285 - 884 - 674 - Commercial and industrial: Secured 556 556 - 196 3 163 6 Unsecured 408 408 - 578 5 423 9 Total with no related allowance recorded $ 3,287 $ 3,558 $ - $ 3,808 $ 29 $ 3,242 $ 57 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 1 138 2 102 4 Total with an allowance recorded $ 66 $ 66 $ 1 $ 138 $ 2 $ 102 $ 4 Total: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 360 $ 3 $ 368 $ 5 Non-owner occupied 1,213 1,213 - 1,232 18 1,236 37 Residential real estate: Residential mortgages 520 558 - 558 - 378 - Home equity 264 285 - 884 - 674 - Commercial and industrial: Secured 556 556 - 196 3 163 6 Unsecured 474 474 1 716 7 525 13 Total $ 3,353 $ 3,624 $ 1 $ 3,946 $ 31 $ 3,344 $ 61 The Bank had no other real estate owned at June 30, 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 six months ended June 30, 2017, the Bank modified certain commercial real estate mortgage loans totaling $7.8 million and certain taxi medallion loans totaling $2.8 million as TDR’s compared to three loans as TDRs totaling $0.7 million for the six months ended June 30, 2016. During the six months ended June 30, 2017 and 2016, there were no charge offs relating to TDRs. During the six months ended June 30, 2017 there were two loans modified as TDRs for which there was a payment default within twelve months following the modification and none during the six months ended June 30, 2016. A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. As of June 30, 2017 and December 31, 2016, the Company had $0.5 million and $0.3 million of nonaccrual TDRs and $12.8 million and $2.4 million, respectively, of performing TDRs. At June 30, 2017 and December 31, 2016, total nonaccrual TDRs are secured with collateral that has an appraised value of $4.0 million and $1.3 million, respectively. The Bank has no commitment to lend additional funds to these debtors. The terms of certain other loans were modified during the six months ended June 30, 2017 that did not meet the definition of a TDR. These loans have a total recorded investment at June 30, 2017 of $44.2 million. These loans were to borrowers who were not experiencing financial difficulties. Purchased Credit Impaired Loans Loans acquired in a business combination are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. In determining the acquisition date fair value of purchased loans, acquired loans are aggregated into pools of loans with common characteristics. Each loan is reviewed at acquisition to determine if it should be accounted for as a loan that has experienced credit deterioration and it is probable that, at acquisition, the Company will not be able to collect all the contractual principal and interest due from the borrower. All loans with evidence of deterioration in credit quality are considered 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 June 30, 2017, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $9.9 million and $6.9 million, respectively, with a remaining non-accretable difference of $0.7 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 June 30, 2017, the contractually required principal and interest payments receivable and carrying amount of the PCI loans was $11.3 million and $3.3 million, respectively, with a remaining non-accretable difference of $6.4 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 Six Months Ended June 30, June 30, (In thousands) 2017 2016 2017 2016 Balance at beginning of period $ 5,333 $ 6,872 $ 6,915 $ 7,113 Accretion (1,046 ) (1,866 ) (2,903 ) (2,658 ) Reclassification from nonaccretable difference during the period (321 ) 959 (46 ) 1,092 Other - (2 ) - 416 Accretable discount at end of period $ 3,966 $ 5,963 $ 3,966 $ 5,963

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 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 collectability in accordance with contractual terms is not reasonably assured, considers the estimated fair value of the underlying collateral less the costs to sell, if any, or the present value of expected future cash flows, or the loan’s observable market value. Any shortfall that exists from this analysis results in a specific allowance for the loan. Pursuant to the Company’s policy, loan losses must be charged-off in the period the loans, or portions thereof, are deemed uncollectible. Assumptions and judgments by management, in conjunction with outside sources, are used to determine whether full collectability of a loan is not reasonably assured. These assumptions and judgments are also used to determine the estimates of the fair value of the underlying collateral or the present value of expected future cash flows or the loan’s observable market value. Individual valuation allowances could differ materially as a result of changes in these assumptions and judgments. Individual loan analyses are periodically performed on specific loans considered impaired. The results of the individual valuation allowances are aggregated and included in the overall allowance for loan losses. Loan pool valuation allowances represent loss allowances that have been established to recognize the inherent risks associated with the Bank’s lending activities, but which, unlike individual allowances, have not been allocated to particular problem assets. Pool evaluations are broken down into loans with homogenous characteristics by loan type and include commercial real estate mortgages, owner and non-owner occupied; multi-family mortgage loans; 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 June 30, 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 June 30, 2017 and December 31, 2016. The tables include loans acquired from CNB and FNBNY. At June 30, 2017 ( In thousands Commercial Real Estate Mortgage Loans Multi- Family Loans Residential Real Estate Mortgage Loans Commercial, Industrial and Agricultural Loans Real Estate Construction and Land Loans Installment/ Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 544 $ - $ - $ 544 Collectively evaluated for impairment 10,579 4,846 1,486 9,426 577 86 27,000 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 Loans: Individually evaluated for impairment $ 9,227 $ - $ 958 $ 5,140 $ - $ - $ 15,325 Collectively evaluated for impairment 1,180,261 543,699 381,167 565,135 78,693 16,726 2,765,681 Loans acquired with deteriorated credit quality 2,360 3,402 883 3,966 - - 10,611 Total loans $ 1,191,848 $ 547,101 $ 383,008 $ 574,241 $ 78,693 $ 16,726 $ 2,791,617 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 9,225 6,264 1,495 7,836 955 128 25,903 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 9,225 $ 6,264 $ 1,495 $ 7,837 $ 955 $ 128 $ 25,904 Loans: Individually evaluated for impairment $ 1,539 $ - $ 784 $ 1,030 $ - $ - $ 3,353 Collectively evaluated for impairment 1,088,332 514,853 363,230 519,686 80,605 16,368 2,583,074 Loans acquired with deteriorated credit quality 1,881 3,293 870 3,734 - - 9,778 Total loans $ 1,091,752 $ 518,146 $ 364,884 $ 524,450 $ 80,605 $ 16,368 $ 2,596,205 The following tables represent the changes in the allowance for loan losses for the three and six months ended June 30, 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 June 30, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 8,357 $ 6,480 $ 1,415 $ 9,198 $ 1,058 $ 110 $ 26,618 Charge-offs - - - (33 ) - - (33 ) Recoveries - - 1 8 - - 9 Provision 2,222 (1,634 ) 70 797 (481 ) (24 ) 950 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 For the Three Months Ended June 30, 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 $ 8,029 $ 4,669 $ 2,115 $ 5,568 $ 1,277 $ 141 $ 21,799 Charge-offs - - - (97 ) - (2 ) (99 ) Recoveries 100 - 2 3 - 3 108 Provision 180 618 (41 ) 297 (146 ) (8 ) 900 Ending balance $ 8,309 $ 5,287 $ 2,076 $ 5,771 $ 1,131 $ 134 $ 22,708 For the Six Months Ended June 30, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 9,225 $ 6,264 $ 1,495 $ 7,837 $ 955 $ 128 $ 25,904 Charge-offs - - - (128 ) - - (128 ) Recoveries - - 2 15 - 1 18 Provision 1,354 (1,418 ) (11 ) 2,246 (378 ) (43 ) 1,750 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 For the Six Months Ended June 30, 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 - - - (297 ) - (2 ) (299 ) Recoveries 100 - 2 7 - 4 113 Provision 359 1,079 (41 ) 656 101 (4 ) 2,150 Ending balance $ 8,309 $ 5,287 $ 2,076 $ 5,771 $ 1,131 $ 134 $ 22,708

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	6 Months Ended
	Jun. 30, 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 $2.2 million of contributions to the pension plan during the six months ended the SERP during the six months ended June 30 . In accordance with the SERP, a retired executive received a distribution from the plan totaling $56,000 during the six months ended June 30 . 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 June 30, Six Months Ended June 30, Pension Benefits SERP Benefits Pension Benefits SERP Benefits (In thousands) 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 293 $ 286 $ 52 $ 44 $ 585 $ 577 $ 105 $ 88 Interest cost 185 201 26 26 370 397 52 52 Expected return on plan assets (520 ) (510 ) - - (1,040 ) (965 ) - - Amortization of net loss 112 104 13 7 225 203 26 14 Amortization of prior service credit (19 ) (19 ) - - (38 ) (38 ) - - Amortization of transition obligation - - 7 7 - - 14 14 Net periodic benefit cost $ 51 $ 62 $ 98 $ 84 $ 102 $ 174 $ 197 $ 168

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	6 Months Ended
	Jun. 30, 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 June 30 Securities sold under agreements to repurchase are financing arrangements with $0.7 million maturing during the third 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	6 Months Ended
	Jun. 30, 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 June 30 June 30, 2017 ( Dollars in thousands Amount Weighted Average Rate Contractual Maturit Overnight $ 197,000 1.24 % 2017 340,000 1.31 % 2018 25,257 1.06 % 2019 1,717 1.00 % 366,974 1.29 % Total FHLB advances $ 563,974 1.27 % December 31, 2016 ( Dollars in thousands Amount Weighted Contractual Maturit 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 $1.02 billion and $923.9 million of residential and commercial mortgage loans under a blanket lien arrangement at June 30 June 30

BORROWED FUNDS

BORROWED FUNDS	6 Months Ended
	Jun. 30, 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 $78.6 million and $78.5 million at June 30 The subordinated debentures are included in tier 2 capital (with certain limitations applicable) under current regulatory guidelines and interpretations. Junior Subordinated Debentures In December 2009, the Company completed the private placement of $16.0 million in aggregate liquidation amount of 8.50% cumulative convertible trust preferred securities (“TPS”), through its subsidiary, Bridge Statutory Capital Trust II (the “Trust”). The TPS had a liquidation amount of $1,000 per security, were convertible into the Company’s common stock, at a modified effective conversion price of $29 per share, matured in 2039 and were callable by the Company at par after September 30, 2014. The Company issued $16.0 million of junior subordinated debentures (the “Debentures”) to the Trust in exchange for ownership of all of the common securities of the Trust and the proceeds of the TPS sold by the Trust. In accordance with accounting guidance, the Trust was not consolidated in the Company’s financial statements, but rather the Debentures were shown as a liability. The Debentures had the same interest rate, maturity and prepayment provisions as the TPS. On December 15, 2016, the Company notified holders of the $15.8 million in outstanding TPS of the full redemption of the TPS on January 18, 2017. The redemption price equaled the liquidation amount, plus accrued but unpaid interest until but not including the redemption date. TPS not converted into shares of the Company’s common stock on or prior to January 17, 2017 were redeemed as of January 18, 2017. 15,450 shares of TPS with a liquidation amount of $15.5 million were converted into 532,740 shares of the Company’s common stock, which includes 100 shares of TPS with a liquidation amount of $100,000 which were converted into 3,448 shares of the Company’s common stock on December 28, 2016. The remaining 350 shares of TPS with a liquidation amount of $350,000 were redeemed on January 18, 2017. The Trust was cancelled effective April 24, 2017.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 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 $290.0 million and $175.0 million at June 30, 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 June 30, 2017 and December 31, 2016: ( Dollars in thousands June 30, 2017 December 31, 2016 Notional amounts $ 290,000 $ 175,000 Weighted average pay rates 1.78 % 1.61 % Weighted average receive rates 1.26 % 0.95 % Weighted average maturity 3.14 years 2.98 years Interest expense recorded on these swap transactions totaled $459,000 and $734,000 for the three and six months ended , 2017 and $239,000 and $489,000 for the three and six months ended 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 six months ended June 30 , 2017, the Company had $734,000 of reclassifications to interest expense. During the next twelve months, the Company estimates that $1.0 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 and six months ended June 30, 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 June 30, 2017 $ (1,385 ) $ (459 ) $ - Six months ended June 30, 2017 $ (1,360 ) $ (734 ) $ - Three months ended June 30, 2016 $ (661 ) $ (239 ) $ - Six months ended June 30, 2016 $ (2,684 ) $ (489 ) $ - The following table reflects the cash flow hedges included in the Consolidated Balance Sheets at the dates indicated: June 30, 2017 December 31, 2016 Fair Fair Fair Fair Notional Value Value Notional Value Value ( In thousands Amount Asset Liability Amount Asset Liability Included in other assets/(liabilities): Interest rate swaps related to FHLB advances $ 290,000 $ 1,688 $ (1,474 ) $ 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 June 30, 2017 and December 31, 2016: ( Dollars in thousands June 30, 2017 December 31, 2016 Notional amounts $ 81,511 $ 62,472 Weighted average pay rates 3.77 % 3.50 % Weighted average receive rates 3.77 % 3.50 % Weighted average maturity 12.57 years 13.97 years Fair value of combined interest rate swaps $ - $ - Credit-Risk-Related Contingent Features As of June 30, 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 $0.8 million and the termination value of derivatives in a net asset position was $0.5 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 June 30, 2017, the Company posted collateral of $1.5 million against its obligations under the agreements in a net liability position and did not receive collateral from its counterparty under the agreements in a net asset position. Subsequent to quarter end and within the applicable grace period, the Company received $0.5 million in collateral from its counterparty under the agreements in a net asset position. If the Company had breached any of these provisions at June 30, 2017, it could have been required to settle its obligations under the agreements at the termination value.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 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 Six Months Ended (In thousands) June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Unrealized holding gains on available for sale securities $ 2,595 $ 2,725 $ 4,211 $ 12,465 Reclassification adjustment for gains realized in income - (383 ) - (449 ) Income tax effect (1,062 ) (950 ) (1,668 ) (4,867 ) Net change in unrealized gains on available for sale securities 1,533 1,392 2,543 7,149 Reclassification adjustment for amortization realized in income 113 99 227 193 Income tax effect (47 ) (41 ) (64 ) (74 ) Net change in post-retirement obligation 66 58 163 119 Change in fair value of derivatives used for cash flow hedges (1,385 ) (661 ) (1,360 ) (2,684 ) Reclassification adjustment for losses realized in income 459 239 734 489 Income tax effect 379 171 253 891 Net change in unrealized loss on cash flow hedges (547 ) (251 ) (373 ) (1,304 ) Other comprehensive income $ 1,052 $ 1,199 $ 2,333 $ 5,964 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 June 30, 2017 Unrealized losses on available for sale securities $ (8,823 ) $ 2,543 $ (6,280 ) Unrealized losses on pension benefits (4,741 ) 163 (4,578 ) Unrealized gains on cash flow hedges 500 (373 ) 127 Accumulated other comprehensive loss $ (13,064 ) $ 2,333 $ (10,731 ) The following represents the reclassifications out of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2017 and 2016: Three Months Ended Six Months Ended Affected Line Item June 30, June 30, June 30, June 30, in the Consolidated ( In thousands 2017 2016 2017 2016 Statements of Income Realized gains on sale of available for sale securities $ - $ 383 $ - $ 449 Net securities gains Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 19 19 38 38 Salaries and employee benefits Transition obligation (7 ) (7 ) (14 ) (14 ) Salaries and employee benefits Actuarial losses (125 ) (111 ) (251 ) (217 ) Salaries and employee benefits Realized losses on cash flow hedges (459 ) (239 ) (734 ) (489 ) Interest expense Total reclassifications, before income tax $ (572 ) $ 45 $ (961 ) $ (233 ) Income tax benefit (expense) 234 (18 ) 393 94 Income tax expense Total reclassifications, net of income tax $ (338 ) $ 27 $ (568 ) $ (139 )

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2017
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	14. RECENT ACCOUNTING PRONOUNCEMENTS In May 2017, the FASB issued ASU No. 2017-09, “Compensation – Stock Compensation (Topic 718) – Scope of Modification Accounting.” The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in ASU 2017-09. The amendments in ASU 2017-09 are effective for interim and annual reporting periods beginning after December 15, 2017. ASU 2017-09 is not expected to have a material impact on the Company’s consolidated financial statements. 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 2017-08 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 plans to adopt ASU 2016-13 in the first quarter of 2020 using the required modified retrospective method with a cumulative effect adjustment as of the beginning of the reporting period. The Company is currently assessing its data and system needs and evaluating the impact of adopting ASU 2016-13, but cannot 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. The Company plans to adopt ASU 2016-02 in the first quarter of 2019 using the required modified retrospective approach, with a cumulative effect adjustment as of the beginning of the reporting period. Currently, the Bank leases properties as branch and back office locations. 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. For public entities, like the Company, ASU 2014-09, as amended, is effective for interim and annual reporting periods beginning after December 15, 2017. The Company will adopt ASU 2014-09 in the first quarter of 2018 using the modified retrospective approach with a cumulative effect adjustment as of the beginning of the reporting period along with supplementary disclosures. 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. 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	15. SUBSEQUENT EVENTS On July 12, 2017, the Bank filed an application with the New York State Department of Financial Services to convert the Bank from a national bank to a New York chartered commercial bank. The Bank also intends to file an application with the Federal Reserve Bank of New York to remain a member bank of the Federal Reserve System following the charter conversion. The Company does not expect the conversion to have a material impact on the Company’s consolidated financial statements.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
BASIS OF PRESENTATION	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 and six months ended June 30, 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	RECENT ACCOUNTING PRONOUNCEMENTS In May 2017, the FASB issued ASU No. 2017-09, “Compensation – Stock Compensation (Topic 718) – Scope of Modification Accounting.” The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in ASU 2017-09. The amendments in ASU 2017-09 are effective for interim and annual reporting periods beginning after December 15, 2017. ASU 2017-09 is not expected to have a material impact on the Company’s consolidated financial statements. 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 2017-08 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 plans to adopt ASU 2016-13 in the first quarter of 2020 using the required modified retrospective method with a cumulative effect adjustment as of the beginning of the reporting period. The Company is currently assessing its data and system needs and evaluating the impact of adopting ASU 2016-13, but cannot 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. The Company plans to adopt ASU 2016-02 in the first quarter of 2019 using the required modified retrospective approach, with a cumulative effect adjustment as of the beginning of the reporting period. Currently, the Bank leases properties as branch and back office locations. 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. For public entities, like the Company, ASU 2014-09, as amended, is effective for interim and annual reporting periods beginning after December 15, 2017. The Company will adopt ASU 2014-09 in the first quarter of 2018 using the modified retrospective approach with a cumulative effect adjustment as of the beginning of the reporting period along with supplementary disclosures. 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. 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)	6 Months Ended
	Jun. 30, 2017
EARNINGS PER SHARE
Schedule of computation of EPS	Three Months Ended Six Months Ended June 30, June 30, ( In thousands, except per share data 2017 2016 2017 2016 Net Income $ 8,841 $ 8,854 $ 18,012 $ 17,480 Dividends paid on and earnings allocated to participating securities (182 ) (181 ) (360 ) (351 ) Income attributable to common stock $ 8,659 $ 8,673 $ 17,652 $ 17,129 Weighted average common shares outstanding, including participating securities 19,781 17,507 19,725 17,493 Weighted average participating securities (410 ) (358 ) (401 ) (356 ) Weighted average common shares outstanding 19,371 17,149 19,324 17,137 Basic earnings per common share $ 0.45 $ 0.51 $ 0.91 $ 1.00 Income attributable to common stock $ 8,659 $ 8,673 $ 17,652 $ 17,129 Impact of assumed conversions - interest on 8.5% trust preferred securities - 223 32 444 Income attributable to common stock including assumed conversions $ 8,659 $ 8,896 $ 17,684 $ 17,573 Weighted average common shares outstanding 19,371 17,149 19,324 17,137 Incremental shares from assumed conversions of options and restricted stock units 23 14 20 9 Incremental shares from assumed conversions of 8.5% trust preferred securities - 530 35 523 Weighted average common and equivalent shares outstanding 19,394 17,693 19,379 17,669 Diluted earnings per common share $ 0.45 $ 0.50 $ 0.91 $ 0.99

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS (Tables)	6 Months Ended
	Jun. 30, 2017
STOCK BASED COMPENSATION PLANS
Schedule of status of unvested restricted stock	Weighted Average Grant-Date Shares Fair Value Unvested, January 1, 2017 301,991 $ 24.59 Granted 70,981 $ 35.62 Vested (40,881 ) $ 22.16 Forfeited (800 ) $ 27.72 Unvested, June 30, 2017 331,291 $ 27.25

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2017
SECURITIES
Schedule of amortized cost and fair value of the available for sale and held to maturity	June 30, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair ( In thousands Cost Gains Losses Value Available for sale: U.S. GSE securities $ 64,993 $ - $ (880 ) $ 64,113 State and municipal obligations 120,835 761 (566 ) 121,030 U.S. GSE residential mortgage-backed securities 204,903 47 (2,110 ) 202,840 U.S. GSE residential collateralized mortgage obligations 340,752 113 (4,369 ) 336,496 U.S. GSE commercial mortgage-backed securities 6,256 51 (15 ) 6,292 U.S. GSE commercial collateralized mortgage obligations 52,634 - (720 ) 51,914 Other asset backed securities 24,250 - (1,273 ) 22,977 Corporate bonds 32,000 - (1,670 ) 30,330 Total available for sale 846,623 972 (11,603 ) 835,992 Held to maturity: State and municipal obligations 59,864 1,590 (24 ) 61,430 U.S. GSE residential mortgage-backed securities 12,485 - (242 ) 12,243 U.S. GSE residential collateralized mortgage obligations 57,770 376 (366 ) 57,780 U.S. GSE commercial mortgage-backed securities 28,403 186 (339 ) 28,250 U.S. GSE commercial collateralized mortgage obligations 34,385 23 (552 ) 33,856 Corporate bonds 11,000 17 - 11,017 Total held to maturity 203,907 2,192 (1,523 ) 204,576 Total securities $ 1,050,530 $ 3,164 $ (13,126 ) $ 1,040,568 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
Schedule of amortized cost, fair value and maturities of the available for sale and held to maturity investment securities portfolio	June 30, 2017 Estimated (In thousands) Amortized Cost Fair Value Maturity Available for sale: Within one year $ 7,873 $ 7,871 One to five years 102,207 101,662 Five to ten years 137,268 135,246 Beyond ten years 599,275 591,213 Total $ 846,623 $ 835,992 Held to maturity: Within one year $ 13,832 $ 13,852 One to five years 37,901 38,225 Five to ten years 50,367 51,496 Beyond ten years 101,807 101,003 Total $ 203,907 $ 204,576
Schedule of securities having a continuous unrealized loss position aggregated by a period of time less than or greater than 12 months	June 30, 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 $ 64,113 $ (880 ) $ - $ - State and municipal obligations 57,088 (475 ) 4,499 (91 ) U.S. GSE residential mortgage-backed securities 181,303 (2,105 ) 176 (5 ) U.S. GSE residential collateralized mortgage obligations 265,581 (3,547 ) 40,814 (822 ) U.S. GSE commercial mortgage-backed securities 2,561 (15 ) - - U.S. GSE commercial collateralized mortgage obligations 42,555 (567 ) 9,358 (153 ) Other asset backed securities - - 22,977 (1,273 ) Corporate bonds 8,356 (644 ) 21,974 (1,026 ) Total available for sale 621,557 (8,233 ) 99,798 (3,370 ) Held to maturity: State and municipal obligations 1,994 (16 ) 1,020 (8 ) U.S. GSE residential mortgage-backed securities 12,244 (242 ) - - U.S. GSE residential collateralized mortgage obligations 19,630 (298 ) 3,616 (68 ) U.S. GSE commercial mortgage-backed securities 12,884 (157 ) 5,761 (182 ) U.S. GSE commercial collateralized mortgage obligations 14,722 (229 ) 8,611 (323 ) Total held to maturity $ 61,474 $ (942 ) $ 19,008 $ (581 ) 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 ) Total held to maturity $ 101,846 $ (1,530 ) $ 13,540 $ (521 )

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2017
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of assets and liabilities measured on a recurring basis	June 30, 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 $ 64,113 $ 64,113 State and municipal obligations 121,030 121,030 U.S. GSE residential mortgage-backed securities 202,840 202,840 U.S. GSE residential collateralized mortgage obligations 336,496 336,496 U.S. GSE commercial mortgage-backed securities 6,292 6,292 U.S. GSE commercial collateralized mortgage obligations 51,914 51,914 Other asset backed securities 22,977 22,977 Corporate bonds 30,330 30,330 Total available for sale securities $ 835,992 $ 835,992 Derivatives $ 2,401 $ 2,401 Financial liabilities: Derivatives $ 2,186 $ 2,186 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	June 30, 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 $ 760 $ 760 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	June 30, 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 $ 62,195 $ 62,195 $ - $ - $ 62,195 Interest earning deposits with banks 22,957 22,957 - - 22,957 Securities available for sale 835,992 - 835,992 - 835,992 Securities restricted 38,819 n/a n/a n/a n/a Securities held to maturity 203,907 - 204,576 - 204,576 Loans, net 2,768,765 - - 2,733,006 2,733,006 Derivatives 2,401 - 2,401 - 2,401 Accrued interest receivable 9,729 - 3,499 6,230 9,729 Financial liabilities: Certificates of deposit 225,618 - 225,211 - 225,211 Demand and other deposits 2,834,000 2,834,000 - - 2,834,000 Federal funds purchased 50,000 50,000 - - 50,000 Federal Home Loan Bank advances 563,974 196,896 367,034 - 563,930 Repurchase agreements 731 - 731 - 731 Subordinated debentures 78,571 - 78,764 - 78,764 Junior subordinated debentures - - - - - Derivatives 2,186 - 2,186 - 2,186 Accrued interest payable 1,501 - 389 1,112 1,501 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 earning 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)	6 Months Ended
	Jun. 30, 2017
LOANS
Schedule of the major classifications of loans	( In thousands June 30, 2017 December 31, 2016 Commercial real estate mortgage loans $ 1,191,848 $ 1,091,752 Multi-family mortgage loans 547,101 518,146 Residential real estate mortgage loans 383,008 364,884 Commercial, industrial and agricultural loans 574,241 524,450 Real estate construction and land loans 78,693 80,605 Installment/consumer loans 16,726 16,368 Total loans 2,791,617 2,596,205 Net deferred loan costs and fees 4,692 4,235 Total loans held for investment 2,796,309 2,600,440 Allowance for loan losses (27,544 ) (25,904 ) Loans, net $ 2,768,765 $ 2,574,536
Schedule of loans by class categorized by internally assigned credit risk grades	June 30, 2017 ( In thousands Pass Special Mention Substandard Doubtful Total Commercial real estate: Owner occupied $ 426,406 $ 1,345 $ 18,079 $ - $ 445,830 Non-owner occupied 712,934 28,633 4,451 - 746,018 Multi-family 547,101 - - - 547,101 Residential real estate: Residential mortgage 319,064 186 441 - 319,691 Home equity 62,149 582 586 - 63,317 Commercial and industrial: Secured 73,958 24,918 7,500 - 106,376 Unsecured 451,095 10,002 6,768 - 467,865 Real estate construction and land loans 78,367 - 326 - 78,693 Installment/consumer loans 16,607 19 100 - 16,726 Total loans $ 2,687,681 $ 65,685 $ 38,251 $ - $ 2,791,617 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 643,426 20,035 4,076 - 667,537 Multi-family 518,146 - - - 518,146 Residential real estate: Residential mortgage 299,297 82 370 - 299,749 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	June 30, 2017 ( In thousands 30-59 60-89 >90 Days Nonaccrual Total Past Current Total Commercial real estate: Owner occupied $ 353 $ 297 $ 560 $ 158 $ 1,368 $ 444,462 $ 445,830 Non-owner occupied - 1,192 - - 1,192 744,826 746,018 Multi-family - - - - - 547,101 547,101 Residential real estate: Residential mortgages 1,889 - - 499 2,388 317,303 319,691 Home equity 283 - 254 199 736 62,581 63,317 Commercial and industrial: Secured 227 38 212 1,566 2,043 104,333 106,376 Unsecured 1,766 142 - 252 2,160 465,705 467,865 Real estate construction and land loans - - - - - 78,693 78,693 Installment/consumer loans 12 49 - 1 62 16,664 16,726 Total loans $ 4,530 $ 1,718 $ 1,026 $ 2,675 $ 9,949 $ 2,781,668 $ 2,791,617 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 - - - - - 667,537 667,537 Multi-family - - - - - 518,146 518,146 Residential real estate: Residential mortgages 1,232 - - 770 2,002 297,747 299,749 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	June 30, 2017 Three Months Ended Six Months Ended (In thousands) Recorded Investment Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 297 $ 521 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 8,930 8,930 - 8,944 101 5,075 198 Residential real estate: Residential mortgages 698 799 - 535 - 498 - Home equity 260 236 - 260 3 261 3 Commercial and industrial: Secured 3,379 3,379 - 1,491 53 1,015 61 Unsecured 457 472 - 400 3 396 8 Total with no related allowance recorded $ 14,021 $ 14,337 $ - $ 11,932 $ 163 $ 7,554 $ 275 With an allowance recorded: Commercial real estate: Owner occupied $ - $ - $ - $ - $ - $ - $ - Non-owner occupied - - - - - - - Residential real estate: Residential mortgages - - - - - - - Home equity - - - - - - - Commercial and industrial: Secured 1,216 1,216 456 405 - 203 - Unsecured 88 88 88 58 - 29 1 Total with an allowance recorded $ 1,304 $ 1,304 $ 544 $ 463 $ - $ 232 $ 1 Total: Commercial real estate: Owner occupied $ 297 $ 521 $ - $ 302 $ 3 $ 309 $ 5 Non-owner occupied 8,930 8,930 - 8,944 101 5,075 198 Residential real estate: Residential mortgages 698 799 - 535 - 498 - Home equity 260 236 - 260 3 261 3 Commercial and industrial: Secured 4,595 4,595 456 1,896 53 1,218 61 Unsecured 545 560 88 458 3 425 9 Total $ 15,325 $ 15,641 $ 544 $ 12,395 $ 163 $ 7,786 $ 276 December 31, 2016 Three Months Ended Six Months Ended (In thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 360 $ 3 $ 368 $ 5 Non-owner occupied 1,213 1,213 - 1,232 18 1,236 37 Residential real estate: Residential mortgages 520 558 - 558 - 378 - Home equity 264 285 - 884 - 674 - Commercial and industrial: Secured 556 556 - 196 3 163 6 Unsecured 408 408 - 578 5 423 9 Total with no related allowance recorded $ 3,287 $ 3,558 $ - $ 3,808 $ 29 $ 3,242 $ 57 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 1 138 2 102 4 Total with an allowance recorded $ 66 $ 66 $ 1 $ 138 $ 2 $ 102 $ 4 Total: Commercial real estate: Owner occupied $ 326 $ 538 $ - $ 360 $ 3 $ 368 $ 5 Non-owner occupied 1,213 1,213 - 1,232 18 1,236 37 Residential real estate: Residential mortgages 520 558 - 558 - 378 - Home equity 264 285 - 884 - 674 - Commercial and industrial: Secured 556 556 - 196 3 163 6 Unsecured 474 474 1 716 7 525 13 Total $ 3,353 $ 3,624 $ 1 $ 3,946 $ 31 $ 3,344 $ 61
Schedule of activity in the accretable yield for the purchased credit impaired loans	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2017 2016 2017 2016 Balance at beginning of period $ 5,333 $ 6,872 $ 6,915 $ 7,113 Accretion (1,046 ) (1,866 ) (2,903 ) (2,658 ) Reclassification from nonaccretable difference during the period (321 ) 959 (46 ) 1,092 Other - (2 ) - 416 Accretable discount at end of period $ 3,966 $ 5,963 $ 3,966 $ 5,963

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2017 ( In thousands Commercial Real Estate Mortgage Loans Multi- Family Loans Residential Real Estate Mortgage Loans Commercial, Industrial and Agricultural Loans Real Estate Construction and Land Loans Installment/ Consumer Loans Total Allowance for loan losses: Individually evaluated for impairment $ - $ - $ - $ 544 $ - $ - $ 544 Collectively evaluated for impairment 10,579 4,846 1,486 9,426 577 86 27,000 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 Loans: Individually evaluated for impairment $ 9,227 $ - $ 958 $ 5,140 $ - $ - $ 15,325 Collectively evaluated for impairment 1,180,261 543,699 381,167 565,135 78,693 16,726 2,765,681 Loans acquired with deteriorated credit quality 2,360 3,402 883 3,966 - - 10,611 Total loans $ 1,191,848 $ 547,101 $ 383,008 $ 574,241 $ 78,693 $ 16,726 $ 2,791,617 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 9,225 6,264 1,495 7,836 955 128 25,903 Loans acquired with deteriorated credit quality - - - - - - - Total allowance for loan losses $ 9,225 $ 6,264 $ 1,495 $ 7,837 $ 955 $ 128 $ 25,904 Loans: Individually evaluated for impairment $ 1,539 $ - $ 784 $ 1,030 $ - $ - $ 3,353 Collectively evaluated for impairment 1,088,332 514,853 363,230 519,686 80,605 16,368 2,583,074 Loans acquired with deteriorated credit quality 1,881 3,293 870 3,734 - - 9,778 Total loans $ 1,091,752 $ 518,146 $ 364,884 $ 524,450 $ 80,605 $ 16,368 $ 2,596,205 For the Three Months Ended June 30, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 8,357 $ 6,480 $ 1,415 $ 9,198 $ 1,058 $ 110 $ 26,618 Charge-offs - - - (33 ) - - (33 ) Recoveries - - 1 8 - - 9 Provision 2,222 (1,634 ) 70 797 (481 ) (24 ) 950 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 For the Three Months Ended June 30, 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 $ 8,029 $ 4,669 $ 2,115 $ 5,568 $ 1,277 $ 141 $ 21,799 Charge-offs - - - (97 ) - (2 ) (99 ) Recoveries 100 - 2 3 - 3 108 Provision 180 618 (41 ) 297 (146 ) (8 ) 900 Ending balance $ 8,309 $ 5,287 $ 2,076 $ 5,771 $ 1,131 $ 134 $ 22,708 For the Six Months Ended June 30, 2017 Commercial, Commercial Residential Industrial Real Estate Real Estate Multi- Real Estate and Construction Installment/ Mortgage Family Mortgage Agricultural and Land Consumer ( In thousands Loans Loans Loans Loans Loans Loans Total Allowance for loan losses: Beginning balance $ 9,225 $ 6,264 $ 1,495 $ 7,837 $ 955 $ 128 $ 25,904 Charge-offs - - - (128 ) - - (128 ) Recoveries - - 2 15 - 1 18 Provision 1,354 (1,418 ) (11 ) 2,246 (378 ) (43 ) 1,750 Ending balance $ 10,579 $ 4,846 $ 1,486 $ 9,970 $ 577 $ 86 $ 27,544 For the Six Months Ended June 30, 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 - - - (297 ) - (2 ) (299 ) Recoveries 100 - 2 7 - 4 113 Provision 359 1,079 (41 ) 656 101 (4 ) 2,150 Ending balance $ 8,309 $ 5,287 $ 2,076 $ 5,771 $ 1,131 $ 134 $ 22,708

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	6 Months Ended
	Jun. 30, 2017
EMPLOYEE BENEFITS
Schedule of components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income	Three Months Ended June 30, Six Months Ended June 30, Pension Benefits SERP Benefits Pension Benefits SERP Benefits (In thousands) 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 293 $ 286 $ 52 $ 44 $ 585 $ 577 $ 105 $ 88 Interest cost 185 201 26 26 370 397 52 52 Expected return on plan assets (520 ) (510 ) - - (1,040 ) (965 ) - - Amortization of net loss 112 104 13 7 225 203 26 14 Amortization of prior service credit (19 ) (19 ) - - (38 ) (38 ) - - Amortization of transition obligation - - 7 7 - - 14 14 Net periodic benefit cost $ 51 $ 62 $ 98 $ 84 $ 102 $ 174 $ 197 $ 168

FEDERAL HOME LOAN BANK ADVANC32

FEDERAL HOME LOAN BANK ADVANCES (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of contractual maturities and weighted average interest rates of FHLB advances	June 30, 2017 ( Dollars in thousands Amount Weighted Average Rate Contractual Maturit Overnight $ 197,000 1.24 % 2017 340,000 1.31 % 2018 25,257 1.06 % 2019 1,717 1.00 % 366,974 1.29 % Total FHLB advances $ 563,974 1.27 % December 31, 2016 ( Dollars in thousands Amount Weighted Contractual Maturit 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)	6 Months Ended
	Jun. 30, 2017
DERIVATIVES
Schedule of information about the interest rate swap designated as a cash flow hedge	( Dollars in thousands June 30, 2017 December 31, 2016 Notional amounts $ 290,000 $ 175,000 Weighted average pay rates 1.78 % 1.61 % Weighted average receive rates 1.26 % 0.95 % Weighted average maturity 3.14 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 June 30, 2017 $ (1,385 ) $ (459 ) $ - Six months ended June 30, 2017 $ (1,360 ) $ (734 ) $ - Three months ended June 30, 2016 $ (661 ) $ (239 ) $ - Six months ended June 30, 2016 $ (2,684 ) $ (489 ) $ -
Schedule of cash flow hedge included in the Consolidated Balance Sheets	June 30, 2017 December 31, 2016 Fair Fair Fair Fair Notional Value Value Notional Value Value ( In thousands Amount Asset Liability Amount Asset Liability Included in other assets/(liabilities): Interest rate swaps related to FHLB advances $ 290,000 $ 1,688 $ (1,474 ) $ 175,000 $ 1,994 $ (1,153 )
Schedule of information about interest rate swaps	( Dollars in thousands June 30, 2017 December 31, 2016 Notional amounts $ 81,511 $ 62,472 Weighted average pay rates 3.77 % 3.50 % Weighted average receive rates 3.77 % 3.50 % Weighted average maturity 12.57 years 13.97 years Fair value of combined interest rate swaps $ - $ -

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2017
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of other comprehensive income (loss) components and related income tax effects	Three Months Ended Six Months Ended (In thousands) June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Unrealized holding gains on available for sale securities $ 2,595 $ 2,725 $ 4,211 $ 12,465 Reclassification adjustment for gains realized in income - (383 ) - (449 ) Income tax effect (1,062 ) (950 ) (1,668 ) (4,867 ) Net change in unrealized gains on available for sale securities 1,533 1,392 2,543 7,149 Reclassification adjustment for amortization realized in income 113 99 227 193 Income tax effect (47 ) (41 ) (64 ) (74 ) Net change in post-retirement obligation 66 58 163 119 Change in fair value of derivatives used for cash flow hedges (1,385 ) (661 ) (1,360 ) (2,684 ) Reclassification adjustment for losses realized in income 459 239 734 489 Income tax effect 379 171 253 891 Net change in unrealized loss on cash flow hedges (547 ) (251 ) (373 ) (1,304 ) Other comprehensive income $ 1,052 $ 1,199 $ 2,333 $ 5,964
Schedule of the accumulated other comprehensive income balances, net of income tax	Other Comprehensive ( In thousands December 31, 2016 Income June 30, 2017 Unrealized losses on available for sale securities $ (8,823 ) $ 2,543 $ (6,280 ) Unrealized losses on pension benefits (4,741 ) 163 (4,578 ) Unrealized gains on cash flow hedges 500 (373 ) 127 Accumulated other comprehensive loss $ (13,064 ) $ 2,333 $ (10,731 )
Schedule of reclassifications out of accumulated other comprehensive income	Three Months Ended Six Months Ended Affected Line Item June 30, June 30, June 30, June 30, in the Consolidated ( In thousands 2017 2016 2017 2016 Statements of Income Realized gains on sale of available for sale securities $ - $ 383 $ - $ 449 Net securities gains Amortization of defined benefit pension plan and defined benefit plan component of the SERP: Prior service credit 19 19 38 38 Salaries and employee benefits Transition obligation (7 ) (7 ) (14 ) (14 ) Salaries and employee benefits Actuarial losses (125 ) (111 ) (251 ) (217 ) Salaries and employee benefits Realized losses on cash flow hedges (459 ) (239 ) (734 ) (489 ) Interest expense Total reclassifications, before income tax $ (572 ) $ 45 $ (961 ) $ (233 ) Income tax benefit (expense) 234 (18 ) 393 94 Income tax expense Total reclassifications, net of income tax $ (338 ) $ 27 $ (568 ) $ (139 )

BASIS OF PRESENTATION (Detail T

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

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
EARNINGS PER SHARE
Net income	$ 8,841	$ 8,854	$ 18,012	$ 17,480
Dividends paid on and earnings allocated to participating securities	(182)	(181)	(360)	(351)
Income attributable to common stock	$ 8,659	$ 8,673	$ 17,652	$ 17,129
Weighted average common shares outstanding, including participating securities	19,781	17,507	19,725	17,493
Weighted average participating securities (in shares)	(410)	(358)	(401)	(356)
Weighted average common shares outstanding	19,371	17,149	19,324	17,137
Basic earnings per common share (in dollars per share)	$ 0.45	$ 0.51	$ 0.91	$ 1
Income attributable to common stock	$ 8,659	$ 8,673	$ 17,652	$ 17,129
Impact of assumed conversions - interest on 8.5% trust preferred securities		223	32	444
Income attributable to common stock including assumed conversions	$ 8,659	$ 8,896	$ 17,684	$ 17,573
Weighted average common shares outstanding	19,371	17,149	19,324	17,137
Incremental shares from assumed conversions of options and restricted stock units	23	14	20	9
Incremental shares from assumed conversions of 8.5% trust preferred securities		530	35	523
Weighted average common and equivalent shares outstanding	19,394	17,693	19,379	17,669
Diluted earnings per common share (in dollars per share)	$ 0.45	$ 0.5	$ 0.91	$ 0.99

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 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)	20,084	25,001
Convertible trust preferred securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding amount of securities included in computation of diluted earnings per share		$ 16	$ 15.7

STOCK BASED COMPENSATION PLAN38

STOCK BASED COMPENSATION PLANS (Details) - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Shares
Granted (in shares)	70,981
Restricted stock
Shares
Unvested, January 1, 2017 (in shares)	301,991
Granted (in shares)	70,981	66,809
Vested (in shares)	(40,881)
Forfeited (in shares)	(800)
Unvested, June 30, 2017 (in shares)	331,291
Weighted Average Grant-Date Fair Value
Unvested, January 1, 2017 (in dollars per share)	$ 24.59
Granted (in dollars per share)	35.62
Vested (in dollars per share)	22.16
Forfeited (in dollars per share)	27.72
Unvested, June 30, 2017 (in dollars per share)	$ 27.25

STOCK BASED COMPENSATION PLAN39

STOCK BASED COMPENSATION PLANS (Detail Textuals) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense for restricted stock	$ 503,000	$ 387,000	$ 916,000	$ 738,000
Number of restricted stock awards granted			70,981
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock awards granted			70,981	66,809
Restricted stock | 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
Restricted stock | 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
Restricted stock | Three year ratable vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Numbers of shares expected to vest			10,270	3,600
Vesting period			3 years	3 years
Restricted stock | 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 PLAN40

STOCK BASED COMPENSATION PLANS (Detail Textuals 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Directors | Restricted stock units
Deferred compensation plan
Vesting period			1 year
Compensation expenses	$ 132,000	$ 123,000	$ 260,000	$ 238,000
LTI Plan | Restricted stock units
Deferred compensation plan
Vesting period			5 years
Additional holding period			2 years
Compensation expenses	$ 79,000	$ 51,000	$ 148,000	$ 91,000
LTI Plan | Restricted Stock Units Performance Vested Awards
Deferred compensation plan
Vesting period			3 years
Vested award (as a percent)	60.00%		60.00%
LTI Plan | Restricted Stock Units Time Vested Awards
Deferred compensation plan
Vested award (as a percent)	40.00%		40.00%

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Available for sale:
Amortized Cost	$ 846,623	$ 834,564
Gross Unrealized Gains	972	383
Gross Unrealized Losses	(11,603)	(15,225)
Estimated Fair Value	835,992	819,722
Held to maturity:
Amortized Cost	203,907	223,237
Gross Unrealized Gains	2,192	1,692
Gross Unrealized Losses	(1,523)	(2,051)
Estimated Fair Value	204,576	222,878
Total securities
Amortized Cost	1,050,530	1,057,801
Gross Unrealized Gains	3,164	2,075
Gross Unrealized Losses	(13,126)	(17,276)
Total securities	1,040,568	1,042,600
U.S. GSE securities
Available for sale:
Amortized Cost	64,993	64,993
Gross Unrealized Gains
Gross Unrealized Losses	(880)	(1,344)
Estimated Fair Value	64,113	63,649
State and municipal obligations
Available for sale:
Amortized Cost	120,835	117,292
Gross Unrealized Gains	761	212
Gross Unrealized Losses	(566)	(1,339)
Estimated Fair Value	121,030	116,165
Held to maturity:
Amortized Cost	59,864	66,666
Gross Unrealized Gains	1,590	1,085
Gross Unrealized Losses	(24)	(130)
Estimated Fair Value	61,430	67,621
U.S. GSE residential mortgage-backed securities
Available for sale:
Amortized Cost	204,903	160,446
Gross Unrealized Gains	47	16
Gross Unrealized Losses	(2,110)	(2,414)
Estimated Fair Value	202,840	158,048
Held to maturity:
Amortized Cost	12,485	13,443
Gross Unrealized Gains
Gross Unrealized Losses	(242)	(287)
Estimated Fair Value	12,243	13,156
U.S. GSE residential collateralized mortgage obligations
Available for sale:
Amortized Cost	340,752	373,098
Gross Unrealized Gains	113	149
Gross Unrealized Losses	(4,369)	(5,736)
Estimated Fair Value	336,496	367,511
Held to maturity:
Amortized Cost	57,770	61,639
Gross Unrealized Gains	376	352
Gross Unrealized Losses	(366)	(552)
Estimated Fair Value	57,780	61,439
U.S. GSE commercial mortgage-backed securities
Available for sale:
Amortized Cost	6,256	6,337
Gross Unrealized Gains	51	6
Gross Unrealized Losses	(15)	(36)
Estimated Fair Value	6,292	6,307
Held to maturity:
Amortized Cost	28,403	28,772
Gross Unrealized Gains	186	136
Gross Unrealized Losses	(339)	(509)
Estimated Fair Value	28,250	28,399
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Amortized Cost	52,634	56,148
Gross Unrealized Gains
Gross Unrealized Losses	(720)	(956)
Estimated Fair Value	51,914	55,192
Held to maturity:
Amortized Cost	34,385	41,717
Gross Unrealized Gains	23	93
Gross Unrealized Losses	(552)	(573)
Estimated Fair Value	33,856	41,237
Other asset backed securities
Available for sale:
Amortized Cost	24,250	24,250
Gross Unrealized Gains
Gross Unrealized Losses	(1,273)	(1,697)
Estimated Fair Value	22,977	22,553
Corporate bonds
Available for sale:
Amortized Cost	32,000	32,000
Gross Unrealized Gains
Gross Unrealized Losses	(1,670)	(1,703)
Estimated Fair Value	30,330	30,297
Held to maturity:
Amortized Cost	11,000	11,000
Gross Unrealized Gains	17	26
Gross Unrealized Losses
Estimated Fair Value	$ 11,017	$ 11,026

SECURITIES (Details 1)

SECURITIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Amortized Cost, Available for sale:
Within one year	$ 7,873
One to five years	102,207
Five to ten years	137,268
Beyond ten years	599,275
Total	846,623	$ 834,564
Fair Value, Available for sale:
Within one year	7,871
One to five years	101,662
Five to ten years	135,246
Beyond ten years	591,213
Estimated Fair Value	835,992	819,722
Amortized Cost, Held to maturity:
Within one year	13,832
One to five years	37,901
Five to ten years	50,367
Beyond ten years	101,807
Total	203,907	223,237
Fair Value, Held to maturity:
Within one year	13,852
One to five years	38,225
Five to ten years	51,496
Beyond ten years	101,003
Estimated Fair Value	$ 204,576	$ 222,878

SECURITIES (Details 2)

SECURITIES (Details 2) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Available for sale:
Less than 12 months, Fair Value	$ 621,557	$ 671,551
Less than 12 months, Unrealized losses	(8,233)	(12,400)
Greater than 12 months, Fair Value	99,798	57,415
Greater than 12 months, Unrealized losses	(3,370)	(2,825)
Held to maturity:
Less than 12 months, Fair Value	61,474	101,846
Less than 12 months, Unrealized losses	(942)	(1,530)
Greater than 12 months, Fair Value	19,008	13,540
Greater than 12 months, Unrealized losses	(581)	(521)
U.S. GSE securities
Available for sale:
Less than 12 months, Fair Value	64,113	63,649
Less than 12 months, Unrealized losses	(880)	(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	57,088	78,883
Less than 12 months, Unrealized losses	(475)	(1,338)
Greater than 12 months, Fair Value	4,499	240
Greater than 12 months, Unrealized losses	(91)	(1)
Held to maturity:
Less than 12 months, Fair Value	1,994	21,867
Less than 12 months, Unrealized losses	(16)	(130)
Greater than 12 months, Fair Value	1,020
Greater than 12 months, Unrealized losses	(8)
U.S. GSE residential mortgage-backed securities
Available for sale:
Less than 12 months, Fair Value	181,303	140,514
Less than 12 months, Unrealized losses	(2,105)	(2,409)
Greater than 12 months, Fair Value	176	241
Greater than 12 months, Unrealized losses	(5)	(5)
Held to maturity:
Less than 12 months, Fair Value	12,244	13,156
Less than 12 months, Unrealized losses	(242)	(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	265,581	319,197
Less than 12 months, Unrealized losses	(3,547)	(5,221)
Greater than 12 months, Fair Value	40,814	15,627
Greater than 12 months, Unrealized losses	(822)	(515)
Held to maturity:
Less than 12 months, Fair Value	19,630	31,297
Less than 12 months, Unrealized losses	(298)	(455)
Greater than 12 months, Fair Value	3,616	3,873
Greater than 12 months, Unrealized losses	(68)	(97)
U.S. GSE commercial mortgage-backed securities
Available for sale:
Less than 12 months, Fair Value	2,561	2,573
Less than 12 months, Unrealized losses	(15)	(36)
Greater than 12 months, Fair Value
Greater than 12 months, Unrealized losses
Held to maturity:
Less than 12 months, Fair Value	12,884	12,860
Less than 12 months, Unrealized losses	(157)	(286)
Greater than 12 months, Fair Value	5,761	5,877
Greater than 12 months, Unrealized losses	(182)	(223)
U.S. GSE commercial collateralized mortgage obligations
Available for sale:
Less than 12 months, Fair Value	42,555	48,901
Less than 12 months, Unrealized losses	(567)	(886)
Greater than 12 months, Fair Value	9,358	6,292
Greater than 12 months, Unrealized losses	(153)	(70)
Held to maturity:
Less than 12 months, Fair Value	14,722	22,666
Less than 12 months, Unrealized losses	(229)	(372)
Greater than 12 months, Fair Value	8,611	3,790
Greater than 12 months, Unrealized losses	(323)	(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	22,977	22,552
Greater than 12 months, Unrealized losses	(1,273)	(1,697)
Corporate bonds
Available for sale:
Less than 12 months, Fair Value	8,356	17,834
Less than 12 months, Unrealized losses	(644)	(1,166)
Greater than 12 months, Fair Value	21,974	12,463
Greater than 12 months, Unrealized losses	$ (1,026)	$ (537)

SECURITIES (Detail Textuals)

SECURITIES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 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	$ 235,700		$ 264,358
Gross gains realized on sale of securities available for sale	1,300		1,600
Gross losses realized on sale of securities available for sale	900		1,200
Proceeds from calls of securities	$ 22,300		$ 53,000
Fair value of securities pledged to secure public deposits and FHLB and FRB overnight borrowings		$ 549,400		$ 570,100
Amount owned in FHLB, ACBB and FRB stock		$ 38,819		$ 34,743

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets measured at fair value on recurring basis
Available for sale securities	$ 835,992	$ 819,722
U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	64,113	63,649
State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	121,030	116,165
U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	202,840	158,048
U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	336,496	367,511
U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	6,292	6,307
U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	51,914	55,192
Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	22,977	22,553
Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	30,330	30,297
Carrying Value
Assets measured at fair value on recurring basis
Available for sale securities	835,992	819,722
Financial Assets: Derivatives	2,401	2,510
Financial Liabilities:
Financial liabilities: Derivatives	2,186	1,670
Recurring basis | Carrying Value
Assets measured at fair value on recurring basis
Available for sale securities	835,992	819,722
Recurring basis | Carrying Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	64,113	63,649
Recurring basis | Carrying Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	121,030	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	202,840	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	336,496	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	6,292	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	51,914	55,192
Recurring basis | Carrying Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	22,977	22,553
Recurring basis | Carrying Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	30,330	30,297
Recurring basis | Carrying Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	2,401	2,510
Financial Liabilities:
Financial liabilities: Derivatives	2,186	1,670
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives
Financial Liabilities:
Financial liabilities: Derivatives
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities	835,992	819,722
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities	64,113	63,649
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities	121,030	116,165
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	202,840	158,048
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	336,496	367,511
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities	6,292	6,307
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities	51,914	55,192
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities	22,977	22,553
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities	30,330	30,297
Recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value | Derivatives
Assets measured at fair value on recurring basis
Financial Assets: Derivatives	2,401	2,510
Financial Liabilities:
Financial liabilities: Derivatives	2,186	1,670
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | State and municipal obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE residential mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE residential collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE commercial mortgage-backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | U.S. GSE commercial collateralized mortgage obligations
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | Other asset backed securities
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | Corporate bonds
Assets measured at fair value on recurring basis
Available for sale securities
Recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value | 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	Jun. 30, 2017	Dec. 31, 2016
Assets measured at fair value on non-recurring basis
Impaired loans	$ 800	$ 64
Non-recurring basis | Carrying Value
Assets measured at fair value on non-recurring basis
Impaired loans	760	64
Non-recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
Assets measured at fair value on non-recurring basis
Impaired loans
Non-recurring basis | Significant Other Observable Inputs (Level 2) | Fair Value
Assets measured at fair value on non-recurring basis
Impaired loans
Non-recurring basis | Significant Unobservable Inputs (Level 3) | Fair Value
Assets measured at fair value on non-recurring basis
Impaired loans	$ 760	$ 64

FAIR VALUE (Details 2)

FAIR VALUE (Details 2) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financial assets:
Cash and due from banks	$ 62,195	$ 102,280
Interest bearing deposits with banks	22,957	11,558
Securities available for sale	835,992	819,722
Securities held to maturity	204,576	222,878
Accrued interest receivable	9,729	10,233
Financial liabilities:
Junior subordinated debentures		15,244
Carrying Amount
Financial assets:
Cash and due from banks	62,195	102,280
Interest bearing deposits with banks	22,957	11,558
Securities available for sale	835,992	819,722
Securities restricted	38,819	34,743
Securities held to maturity	203,907	223,237
Loans, net	2,768,765	2,574,536
Derivatives	2,401	2,510
Accrued interest receivable	9,729	10,233
Financial liabilities:
Certificates of deposit	225,618	206,732
Demand and other deposits	2,834,000	2,719,277
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	563,974	496,684
Repurchase agreements	731	674
Subordinated debentures	78,571	78,502
Junior subordinated debentures		15,244
Derivatives	2,186	1,670
Accrued interest payable	1,501	1,849
Fair Value
Financial assets:
Cash and due from banks	62,195	102,280
Interest bearing deposits with banks	22,957	11,558
Securities available for sale	835,992	819,722
Securities held to maturity	204,576	222,878
Loans, net	2,733,006	2,542,395
Derivatives	2,401	2,510
Accrued interest receivable	9,729	10,233
Financial liabilities:
Certificates of deposit	225,211	206,026
Demand and other deposits	2,834,000	2,719,277
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	563,930	496,249
Repurchase agreements	731	674
Subordinated debentures	78,764	78,303
Junior subordinated debentures		15,258
Derivatives	2,186	1,670
Accrued interest payable	1,501	1,849
Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value
Financial assets:
Cash and due from banks	62,195	102,280
Interest bearing deposits with banks	22,957	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	2,834,000	2,719,277
Federal funds purchased	50,000	100,000
Federal Home Loan Bank advances	196,896	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	835,992	819,722
Securities held to maturity	204,576	222,878
Loans, net
Derivatives	2,401	2,510
Accrued interest receivable	3,499	3,480
Financial liabilities:
Certificates of deposit	225,211	206,026
Demand and other deposits
Federal funds purchased
Federal Home Loan Bank advances	367,034	321,249
Repurchase agreements	731	674
Subordinated debentures	78,764	78,303
Junior subordinated debentures
Derivatives	2,186	1,670
Accrued interest payable	389	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	2,733,006	2,542,395
Derivatives
Accrued interest receivable	6,230	6,753
Financial liabilities:
Certificates of deposit
Demand and other deposits
Federal funds purchased
Federal Home Loan Bank advances
Repurchase agreements
Subordinated debentures
Junior subordinated debentures		15,258
Derivatives
Accrued interest payable	$ 1,112	$ 1,446

FAIR VALUE (Detail Textuals)

FAIR VALUE (Detail Textuals) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
Impaired loans	$ 800	$ 64
Outstanding balance of impaired loans with an allowance recorded	1,304	65
Valuation allowance on impaired loans	$ 544	$ 1

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Classifications of loans
Total loans	$ 2,791,617		$ 2,596,205
Net deferred loan costs and fees	4,692		4,235
Loans	2,796,309		2,600,440
Allowance for loan losses	(27,544)	$ (26,618)	(25,904)	$ (22,708)	$ (21,799)	$ (20,744)
Loans, net	2,768,765		2,574,536
Commercial real estate | Mortgage loans
Classifications of loans
Total loans	1,191,848		1,091,752
Allowance for loan losses	(10,579)	(8,357)	(9,225)	(8,309)	(8,029)	(7,850)
Multi-family | Mortgage loans
Classifications of loans
Total loans	547,101		518,146
Allowance for loan losses	(4,846)	(6,480)	(6,264)	(5,287)	(4,669)	(4,208)
Residential real estate | Mortgage loans
Classifications of loans
Total loans	383,008		364,884
Allowance for loan losses	(1,486)	(1,415)	(1,495)	(2,076)	(2,115)	(2,115)
Commercial, industrial and agricultural loans
Classifications of loans
Total loans	574,241		524,450
Allowance for loan losses	(9,970)	(9,198)	(7,837)	(5,771)	(5,568)	(5,405)
Real estate construction and land loans
Classifications of loans
Total loans	78,693		80,605
Allowance for loan losses	(577)	(1,058)	(955)	(1,131)	(1,277)	(1,030)
Installment/consumer loans
Classifications of loans
Total loans	16,726		16,368
Allowance for loan losses	$ (86)	$ (110)	$ (128)	$ (134)	$ (141)	$ (136)

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans by class categorized by internally assigned risk grades
Total loans	$ 2,791,617	$ 2,596,205
Pass
Loans by class categorized by internally assigned risk grades
Total loans	2,687,681	2,511,904
Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	65,685	73,225
Substandard
Loans by class categorized by internally assigned risk grades
Total loans	38,251	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	1,191,848	1,091,752
Commercial real estate | Mortgage loans | Owner occupied
Loans by class categorized by internally assigned risk grades
Total loans	445,830	424,215
Commercial real estate | Mortgage loans | Owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	426,406	404,584
Commercial real estate | Mortgage loans | Owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	1,345	18,909
Commercial real estate | Mortgage loans | Owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	18,079	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	746,018	667,537
Commercial real estate | Mortgage loans | Non-owner occupied | Pass
Loans by class categorized by internally assigned risk grades
Total loans	712,934	643,426
Commercial real estate | Mortgage loans | Non-owner occupied | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	28,633	20,035
Commercial real estate | Mortgage loans | Non-owner occupied | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	4,451	4,076
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	547,101	518,146
Multi-Family | Mortgage loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	547,101	518,146
Multi-Family | Mortgage loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans
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	383,008	364,884
Residential real estate | Mortgage loans | Residential mortgage
Loans by class categorized by internally assigned risk grades
Total loans	319,691	299,749
Residential real estate | Mortgage loans | Residential mortgage | Pass
Loans by class categorized by internally assigned risk grades
Total loans	319,064	299,297
Residential real estate | Mortgage loans | Residential mortgage | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	186	82
Residential real estate | Mortgage loans | Residential mortgage | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	441	370
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	63,317	65,135
Residential real estate | Mortgage loans | Home equity | Pass
Loans by class categorized by internally assigned risk grades
Total loans	62,149	64,195
Residential real estate | Mortgage loans | Home equity | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	582	563
Residential real estate | Mortgage loans | Home equity | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	586	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	574,241	524,450
Commercial and Industrial | Secured
Loans by class categorized by internally assigned risk grades
Total loans	106,376	109,234
Commercial and Industrial | Secured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	73,958	75,837
Commercial and Industrial | Secured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	24,918	31,143
Commercial and Industrial | Secured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	7,500	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	467,865	415,216
Commercial and Industrial | Unsecured | Pass
Loans by class categorized by internally assigned risk grades
Total loans	451,095	409,879
Commercial and Industrial | Unsecured | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	10,002	2,493
Commercial and Industrial | Unsecured | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	6,768	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	78,693	80,605
Real estate construction and land loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	78,367	80,272
Real estate construction and land loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans
Real estate construction and land loans | Substandard
Loans by class categorized by internally assigned risk grades
Total loans	326	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	16,726	16,368
Installment/consumer loans | Pass
Loans by class categorized by internally assigned risk grades
Total loans	16,607	16,268
Installment/consumer loans | Special Mention
Loans by class categorized by internally assigned risk grades
Total loans	19
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	Jun. 30, 2017	Dec. 31, 2016
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	$ 1,026	$ 1,027
Nonaccrual Including 90 Days or More Past Due	2,675	1,241
Total Past Due and Nonaccrual	9,949	4,424
Current	2,781,668	2,591,781
Total Loans	2,791,617	2,596,205
30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	4,530	2,156
60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,718
Commercial real estate | Mortgage loans
Past Due and Nonaccrual Loans
Total Loans	1,191,848	1,091,752
Commercial real estate | Mortgage loans | Owner occupied
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	560	467
Nonaccrual Including 90 Days or More Past Due	158	184
Total Past Due and Nonaccrual	1,368	873
Current	444,462	423,342
Total Loans	445,830	424,215
Commercial real estate | Mortgage loans | Owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	353	222
Commercial real estate | Mortgage loans | Owner occupied | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	297
Commercial real estate | Mortgage loans | Non-owner occupied
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing
Nonaccrual Including 90 Days or More Past Due
Total Past Due and Nonaccrual	1,192
Current	744,826	667,537
Total Loans	746,018	667,537
Commercial real estate | Mortgage loans | Non-owner occupied | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
Multi-Family | Mortgage loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing
Nonaccrual Including 90 Days or More Past Due
Total Past Due and Nonaccrual
Current	547,101	518,146
Total Loans	547,101	518,146
Multi-Family | Mortgage loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual
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	383,008	364,884
Residential real estate | Mortgage loans | Residential mortgage
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing
Nonaccrual Including 90 Days or More Past Due	499	770
Total Past Due and Nonaccrual	2,388	2,002
Current	317,303	297,747
Total Loans	319,691	299,749
Residential real estate | Mortgage loans | Residential mortgage | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,889	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	254	238
Nonaccrual Including 90 Days or More Past Due	199	265
Total Past Due and Nonaccrual	736	1,035
Current	62,581	64,100
Total Loans	63,317	65,135
Residential real estate | Mortgage loans | Home equity | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	283	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	574,241	524,450
Commercial and Industrial | Secured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing	212	204
Nonaccrual Including 90 Days or More Past Due	1,566
Total Past Due and Nonaccrual	2,043	231
Current	104,333	109,003
Total Loans	106,376	109,234
Commercial and Industrial | Secured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	227	27
Commercial and Industrial | Secured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	38
Commercial and Industrial | Unsecured
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing		118
Nonaccrual Including 90 Days or More Past Due	252	22
Total Past Due and Nonaccrual	2,160	255
Current	465,705	414,961
Total Loans	467,865	415,216
Commercial and Industrial | Unsecured | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	1,766	115
Commercial and Industrial | Unsecured | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	142
Real estate construction and land loans
Past Due and Nonaccrual Loans
>90 Days Past Due and Accruing
Nonaccrual Including 90 Days or More Past Due
Total Past Due and Nonaccrual
Current	78,693	80,605
Total Loans	78,693	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
>90 Days Past Due and Accruing
Nonaccrual Including 90 Days or More Past Due	1
Total Past Due and Nonaccrual	62	28
Current	16,664	16,340
Total Loans	16,726	16,368
Installment/consumer loans | 30-59 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	12	28
Installment/consumer loans | 60-89 Days Past Due
Past Due and Nonaccrual Loans
Total Past Due and Nonaccrual	$ 49

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Recorded Investment
With no related allowance recorded	$ 14,021		$ 14,021		$ 3,287
With an allowance recorded	1,304		1,304		65
Total impaired loans	15,325		15,325		3,353
Unpaid Principal Balance
With no related allowance recorded	14,337		14,337		3,558
With an allowance recorded	1,304		1,304		66
Total impaired loans	15,641		15,641		3,624
Related Allocated Allowance
With an allowance recorded	544		544		1
Total impaired loans	544		544		1
Average Recorded Investment
With no related allowance recorded	11,932	$ 3,808	7,554	$ 3,242
With an allowance recorded	463	138	232	102
Average recorded investment in impaired loans	12,395	3,946	7,786	3,344
Interest Income Recognized
With no related allowance recorded	163	29	275	57
With an allowance recorded		2	1	4
Total impaired loans	163	31	276	61
Commercial real estate | Mortgage loans | Owner occupied
Recorded Investment
With no related allowance recorded	297		297		326
With an allowance recorded
Total impaired loans	297		297		326
Unpaid Principal Balance
With no related allowance recorded	521		521		538
With an allowance recorded
Total impaired loans	521		521		538
Related Allocated Allowance
With an allowance recorded
Total impaired loans
Average Recorded Investment
With no related allowance recorded	302	360	309	368
With an allowance recorded
Average recorded investment in impaired loans	302	360	309	368
Interest Income Recognized
With no related allowance recorded	3	3	5	5
With an allowance recorded
Total impaired loans	3	3	5	5
Commercial real estate | Mortgage loans | Non-owner occupied
Recorded Investment
With no related allowance recorded	8,930		8,930		1,213
With an allowance recorded
Total impaired loans	8,930		8,930		1,213
Unpaid Principal Balance
With no related allowance recorded	8,930		8,930		1,213
With an allowance recorded
Total impaired loans	8,930		8,930		1,213
Related Allocated Allowance
With an allowance recorded
Total impaired loans
Average Recorded Investment
With no related allowance recorded	8,944	1,232	5,075	1,236
With an allowance recorded
Average recorded investment in impaired loans	8,944	1,232	5,075	1,236
Interest Income Recognized
With no related allowance recorded	101	18	198	37
With an allowance recorded
Total impaired loans	101	18	198	37
Residential real estate | Mortgage loans | Residential mortgage
Recorded Investment
With no related allowance recorded	698		698		520
With an allowance recorded
Total impaired loans	698		698		520
Unpaid Principal Balance
With no related allowance recorded	799		799		558
With an allowance recorded
Total impaired loans	799		799		558
Related Allocated Allowance
With an allowance recorded
Total impaired loans
Average Recorded Investment
With no related allowance recorded	535	558	498	378
With an allowance recorded
Average recorded investment in impaired loans	535	558	498	378
Interest Income Recognized
With no related allowance recorded
With an allowance recorded
Total impaired loans
Residential real estate | Mortgage loans | Home equity
Recorded Investment
With no related allowance recorded	260		260		264
With an allowance recorded
Total impaired loans	260		260		264
Unpaid Principal Balance
With no related allowance recorded	236		236		285
With an allowance recorded
Total impaired loans	236		236		285
Related Allocated Allowance
With an allowance recorded
Total impaired loans
Average Recorded Investment
With no related allowance recorded	260	884	261	674
With an allowance recorded
Average recorded investment in impaired loans	260	884	261	674
Interest Income Recognized
With no related allowance recorded	3		3
With an allowance recorded
Total impaired loans	3		3
Commercial and Industrial | Secured
Recorded Investment
With no related allowance recorded	3,379		3,379		556
With an allowance recorded	1,216		1,216
Total impaired loans	4,595		4,595		556
Unpaid Principal Balance
With no related allowance recorded	3,379		3,379		556
With an allowance recorded	1,216		1,216
Total impaired loans	4,595		4,595		556
Related Allocated Allowance
With an allowance recorded	456		456
Total impaired loans	456		456
Average Recorded Investment
With no related allowance recorded	1,491	196	1,015	163
With an allowance recorded	405		203
Average recorded investment in impaired loans	1,896	196	1,218	163
Interest Income Recognized
With no related allowance recorded	53	3	61	6
With an allowance recorded
Total impaired loans	53	3	61	6
Commercial and Industrial | Unsecured
Recorded Investment
With no related allowance recorded	457		457		408
With an allowance recorded	88		88		66
Total impaired loans	545		545		474
Unpaid Principal Balance
With no related allowance recorded	472		472		408
With an allowance recorded	88		88		66
Total impaired loans	560		560		474
Related Allocated Allowance
With an allowance recorded	88		88		1
Total impaired loans	88		88		$ 1
Average Recorded Investment
With no related allowance recorded	400	578	396	423
With an allowance recorded	58	138	29	102
Average recorded investment in impaired loans	458	716	425	525
Interest Income Recognized
With no related allowance recorded	3	5	8	9
With an allowance recorded		2	1	4
Total impaired loans	$ 3	$ 7	$ 9	$ 13

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Activity in the accretable yield for the purchased credit impaired loans
Balance at beginning of period	$ 5,333	$ 6,872	$ 6,915	$ 7,113
Accretion	(1,046)	(1,866)	(2,903)	(2,658)
Reclassification from nonaccretable difference during the period	(321)	959	(46)	1,092
Other		(2)		416
Accretable discount at end of period	$ 3,966	$ 5,963	$ 3,966	$ 5,963

LOANS (Detail Textuals)

LOANS (Detail Textuals)	6 Months Ended
	Jun. 30, 2017USD ($)Family	Dec. 31, 2016USD ($)	Jun. 19, 2015USD ($)	Feb. 14, 2014USD ($)
CNB
Classifications of loans
Addition in acquired loans recorded at fair value			$ 729,400,000
Fair value of loans acquired	$ 418,800,000	$ 464,200,000
FNBNY
Classifications of loans
Addition in acquired loans recorded at fair value				$ 89,700,000
Fair value of loans acquired	24,800,000	$ 26,500,000
Commercial real estate | Mortgage loans
Lending Risk
Loan amount beyond which annual financial information is sought	$ 250,000
Residential real estate | Mortgage loans | Home equity | Minimum
Lending Risk
Loan-to-value ratio (as a percent)	80.00%
Multi-Family | Mortgage loans
Lending Risk
Number of families having income producing residential investment properties | Family	5
Multi-Family | Mortgage loans | Maximum
Lending Risk
Loan-to-value ratio (as a percent)	75.00%

LOANS (Detail Textuals 1)

LOANS (Detail Textuals 1) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended	12 Months Ended
	Jun. 19, 2015	Feb. 14, 2014	Jun. 30, 2017	Dec. 31, 2016
Financing Receivables
Total loans			$ 2,791,617	$ 2,596,205
Impaired loans			15,300	3,400
Loans modified as TDR				700
Nonaccrual troubled debt restructured loans			500	300
Amount of current and performing TDR loans			12,800	2,400
Appraised value of collateral for nonaccrual TDR loans			4,000	1,300
Post-Modification of other than troubled debt restructuring, recorded investment			44,200
Commercial real estate | Mortgage loans
Financing Receivables
Total loans			1,191,848	1,091,752
Special Mention
Financing Receivables
Total loans			65,685	73,225
Special Mention | Commercial real estate | Mortgage loans
Financing Receivables
Loans modified as TDR			7,800
Substandard
Financing Receivables
Total loans			38,251	11,076
Substandard | Taxi medallion
Financing Receivables
Loans modified as TDR			2,800
FNBNY
Acquired Loans
Contractually required principal and interest payments receivable		$ 40,300
Expected cash flows		28,400
Fair value (initial carrying amount) of purchased credit impaired loans		21,800
Non-accretable difference		11,900
Initial accretable yield		$ 6,600
Outstanding balance of purchased credit impaired loans			9,900	12,200
Carrying amount of purchased credit impaired loans			6,900	7,000
Remaining non-accretable difference			700	1,300
FNBNY | Special Mention
Financing Receivables
Total loans			200	200
FNBNY | Substandard
Financing Receivables
Total loans			300	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			11,300	12,200
Carrying amount of purchased credit impaired loans			3,300	2,300
Remaining non-accretable difference			6,400	6,900
CNB | 30-59 Days Past Due
Acquired Loans
Acquired loans			3,400	1,000
CNB | Special Mention
Financing Receivables
Total loans			1,900	10
CNB | Substandard
Financing Receivables
Total loans			$ 2,500	$ 1,500

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Allowance for Loan Losses:
Individually evaluated for impairment	$ 544		$ 1
Collectively evaluated for impairment	27,000		25,903
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	27,544	$ 26,618	25,904	$ 22,708	$ 21,799	$ 20,744
Loans:
Individually evaluated for impairment	15,325		3,353
Collectively evaluated for impairment	2,765,681		2,583,074
Loans acquired with deteriorated credit quality	10,611		9,778
Total Loans	2,791,617		2,596,205
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	10,579		9,225
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	10,579	8,357	9,225	8,309	8,029	7,850
Loans:
Individually evaluated for impairment	9,227		1,539
Collectively evaluated for impairment	1,180,261		1,088,332
Loans acquired with deteriorated credit quality	2,360		1,881
Total Loans	1,191,848		1,091,752
Multi-Family | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	4,846		6,264
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	4,846	6,480	6,264	5,287	4,669	4,208
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	543,699		514,853
Loans acquired with deteriorated credit quality	3,402		3,293
Total Loans	547,101		518,146
Residential Real Estate | Mortgage loans
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	1,486		1,495
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	1,486	1,415	1,495	2,076	2,115	2,115
Loans:
Individually evaluated for impairment	958		784
Collectively evaluated for impairment	381,167		363,230
Loans acquired with deteriorated credit quality	883		870
Total Loans	383,008		364,884
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses:
Individually evaluated for impairment	544		1
Collectively evaluated for impairment	9,426		7,836
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	9,970	9,198	7,837	5,771	5,568	5,405
Loans:
Individually evaluated for impairment	5,140		1,030
Collectively evaluated for impairment	565,135		519,686
Loans acquired with deteriorated credit quality	3,966		3,734
Total Loans	574,241		524,450
Real Estate Construction and Land Loans
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	577		955
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	577	1,058	955	1,131	1,277	1,030
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	78,693		80,605
Loans acquired with deteriorated credit quality
Total Loans	78,693		80,605
Installment/Consumer Loans
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	86		128
Loans acquired with deteriorated credit quality
Total Allowance for Loan Losses	86	$ 110	128	$ 134	$ 141	$ 136
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	16,726		16,368
Loans acquired with deteriorated credit quality
Total Loans	$ 16,726		$ 16,368

ALLOWANCE FOR LOAN LOSSES (De57

ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Allowance for Loan Losses
Beginning balance	$ 26,618	$ 21,799	$ 25,904	$ 20,744
Charge-offs	(33)	(99)	(128)	(299)
Recoveries	9	108	18	113
Provision	950	900	1,750	2,150
Ending balance	27,544	22,708	27,544	22,708
Commercial Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	8,357	8,029	9,225	7,850
Charge-offs
Recoveries		100		100
Provision	2,222	180	1,354	359
Ending balance	10,579	8,309	10,579	8,309
Multi-Family | Mortgage loans
Allowance for Loan Losses
Beginning balance	6,480	4,669	6,264	4,208
Charge-offs
Recoveries
Provision	(1,634)	618	(1,418)	1,079
Ending balance	4,846	5,287	4,846	5,287
Residential Real Estate | Mortgage loans
Allowance for Loan Losses
Beginning balance	1,415	2,115	1,495	2,115
Charge-offs
Recoveries	1	2	2	2
Provision	70	(41)	(11)	(41)
Ending balance	1,486	2,076	1,486	2,076
Commercial, Industrial and Agricultural Loans
Allowance for Loan Losses
Beginning balance	9,198	5,568	7,837	5,405
Charge-offs	(33)	(97)	(128)	(297)
Recoveries	8	3	15	7
Provision	797	297	2,246	656
Ending balance	9,970	5,771	9,970	5,771
Real Estate Construction and Land Loans
Allowance for Loan Losses
Beginning balance	1,058	1,277	955	1,030
Charge-offs
Recoveries
Provision	(481)	(146)	(378)	101
Ending balance	577	1,131	577	1,131
Installment/Consumer Loans
Allowance for Loan Losses
Beginning balance	110	141	128	136
Charge-offs		(2)		(2)
Recoveries		3	1	4
Provision	(24)	(8)	(43)	(4)
Ending balance	$ 86	$ 134	$ 86	$ 134

EMPLOYEE BENEFITS (Details)

EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Pension Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$ 293	$ 286	$ 585	$ 577
Interest cost	185	201	370	397
Expected return on plan assets	(520)	(510)	(1,040)	(965)
Amortization of net loss	112	104	225	203
Amortization of prior service credit	(19)	(19)	(38)	(38)
Amortization of transition obligation
Net periodic benefit cost	51	62	102	174
SERP Benefits
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	52	44	105	88
Interest cost	26	26	52	52
Expected return on plan assets
Amortization of net loss	13	7	26	14
Amortization of prior service credit
Amortization of transition obligation	7	7	14	14
Net periodic benefit cost	$ 98	$ 84	$ 197	$ 168

EMPLOYEE BENEFITS (Detail Textu

EMPLOYEE BENEFITS (Detail Textuals) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Contribution to the plan	$ 2,200,000	$ 2,200,000
SERP Benefits
Defined Benefit Plan Disclosure [Line Items]
Distribution from the plan	$ 56,000	$ 56,000

SECURITIES SOLD UNDER AGREEME60

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Detail Textuals) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 731	$ 674
Carrying amount of U.S. GSE residential collateralized mortgage obligations and U.S. GSE residential mortgage-backed securities	1,900	$ 2,300
Third 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	54.00%	49.00%
U.S. GSE residential mortgage-backed securities
Securities sold under agreements to repurchase
Percentage of investment securities held as collateral	46.00%	51.00%

FEDERAL HOME LOAN BANK ADVANC61

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Contractual Maturity, Amount
Overnight	$ 197,000	$ 175,000
2,017	340,000	294,113
2,018	25,257	25,431
2,019	1,717	2,140
Total FHLB advances except overnight advances	366,974	321,684
Total FHLB advances	$ 563,974	$ 496,684
Weighted Average Rate
Overnight (as a percent)	1.24%	0.74%
2017 (as a percent)	1.31%	0.82%
2018 (as a percent)	1.06%	1.05%
2019 (as a percent)	1.00%	1.04%
Weighted Average Rate for total FHLB advances except overnight advances (as a percent)	1.29%	0.84%
Weighted Average Rate for total FHLB advances (as a percent)	1.27%	0.80%

FEDERAL HOME LOAN BANK ADVANC62

FEDERAL HOME LOAN BANK ADVANCES (Detail Textuals) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Advances collateralized amount	$ 1,020	$ 923.9
Maximum borrowing amount from FHLB term advances	$ 1,270

BORROWED FUNDS (Detail Textuals

BORROWED FUNDS (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2015	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Fixed-to-floating rate subordinated debentures	$ 80,000
Subordinated debentures, net		$ 78,571	$ 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 Textua64

BORROWED FUNDS (Detail Textuals 1) - USD ($)	Dec. 15, 2016	Jan. 18, 2017	Jan. 17, 2017	Dec. 28, 2016	Dec. 31, 2009	Dec. 31, 2016	May 27, 2016
Junior subordinated debentures
Amount of debentures issued to trust						$ 15,244,000
Trust preferred shares to be redeemed		350
Amount of preferred securities liquidation 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	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Derivatives
Notional amounts	$ 290,000	$ 175,000
Weighted average pay rates (as a percent)	1.78%	1.61%
Weighted average receive rates (as a percent)	1.26%	0.95%
Weighted average maturity	3 years 1 month 21 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		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 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)	$ (1,385)	$ (661)	$ (1,360)	$ (2,684)
Interest rate contracts, Amount of loss reclassified from OCI to interest expense	(459)	(239)	(734)	(489)
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	Jun. 30, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 290,000	$ 175,000
Fair Value Asset	1,688	1,994
Fair Value Liability	$ (1,474)	$ (1,153)

DERIVATIVES (Details 3)

DERIVATIVES (Details 3) - Interest rate swaps - Non-Designated Hedges - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Derivatives
Notional amounts	$ 81,511	$ 62,472
Weighted average pay rates (as a percent)	3.77%	3.50%
Weighted average receive rates (as a percent)	3.77%	3.50%
Weighted average maturity	12 years 6 months 26 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		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative [Line Items]
Notional amounts	$ 290,000,000		$ 290,000,000		$ 175,000,000
Derivative liability position net	800,000		800,000
Derivative asset position net	500,000		500,000
Collateral posted against obligations in net liability position	1,500,000		1,500,000
Collateral from counterparty for net assets position	500,000		500,000
Federal Home Loan Bank
Derivative [Line Items]
Interest expense on derivative	$ 459,000	$ 239,000	734,000	$ 489,000
Reclassifications to interest expense			734,000
Reclassified estimated increase in interest expense			$ 1,000,000

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized holding gains on available for sale securities	$ 2,595	$ 2,725	$ 4,211	$ 12,465
Reclassification adjustment for gains realized in income		(383)		(449)
Income tax effect	(1,062)	(950)	(1,668)	(4,867)
Net change in unrealized gains on available for sale securities	1,533	1,392	2,543	7,149
Reclassification adjustment for amortization realized in income	113	99	227	193
Income tax effect	(47)	(41)	(64)	(74)
Net change in post-retirement obligation	66	58	163	119
Change in fair value of derivatives used for cash flow hedges	(1,385)	(661)	(1,360)	(2,684)
Reclassification adjustment for losses realized in income	459	239	734	489
Income tax effect	379	171	253	891
Net change in unrealized loss on cash flow hedges	(547)	(251)	(373)	(1,304)
Other comprehensive income	$ 1,052	$ 1,199	$ 2,333	$ 5,964

OTHER COMPREHENSIVE INCOME (D71

OTHER COMPREHENSIVE INCOME (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Unrealized losses on available for sale securities
Balance at the beginning of the period			$ 8,823
Current Period Change	$ 1,533	$ 1,392	2,543	$ 7,149
Balance at the end of the period	6,280		6,280
Unrealized losses on pension benefits
Balance at the beginning of the period			4,741
Current Period Change	66	58	163	119
Balance at the end of the period	4,578		4,578
Unrealized gains on cash flow hedges
Balance at the beginning of the period			500
Current Period Change	(547)	(251)	(373)	(1,304)
Balance at the end of the period	127		127
Accumulated other comprehensive loss
Balance at the beginning of the period			(13,064)
Current Period Change	1,052	$ 1,199	2,333	$ 5,964
Balance at the end of the period	$ (10,731)		$ (10,731)

OTHER COMPREHENSIVE INCOME (D72

OTHER COMPREHENSIVE INCOME (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Amounts Reclassified from AOCI
Realized gains on sale of available for sale securities		$ 383		$ 449
Total reclassifications, before income tax	$ 13,346	13,518	$ 26,833	26,788
Income tax benefit (expense)	(4,505)	(4,664)	(8,821)	(9,308)
Net income	8,841	8,854	18,012	17,480
Amount Reclassified from Accumulated Other Comprehensive Income
Amounts Reclassified from AOCI
Total reclassifications, before income tax	(572)	45	(961)	(233)
Income tax benefit (expense)	234	(18)	393	94
Net income	(338)	27	(568)	(139)
Amount Reclassified from Accumulated Other Comprehensive Income | Net securities gains
Amounts Reclassified from AOCI
Realized gains on sale of available for sale securities		383		449
Amount Reclassified from Accumulated Other Comprehensive Income | Amortization of defined benefit pension plan and the defined benefit plan component of the SERP
Amounts Reclassified from AOCI
Prior service credit	19	19	38	38
Transition obligation	(7)	(7)	(14)	(14)
Actuarial losses	(125)	(111)	(251)	(217)
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	$ (459)	$ (239)	$ (734)	$ (489)