Lakeland Bancorp (LBAI) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Cover page

Cover page - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	000-17820
Entity Registrant Name	LAKELAND BANCORP, INC
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-2953275
Entity Address, Address Line One	250 Oak Ridge Road
Entity Address, City or Town	Oak Ridge
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07438
City Area Code	973
Local Phone Number	697-2000
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	LBAI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		50,462,552
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000846901
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash	$ 272,560	$ 275,794
Interest-bearing deposits due from banks	13,076	6,577
Total cash and cash equivalents	285,636	282,371
Investment securities available for sale, at fair value	813,090	755,900
Equity securities, at fair value	16,902	16,473
Investment securities held to maturity; fair value of $119,023 at March 31, 2020 and $124,904 at December 31, 2019	115,752	123,975
Federal Home Loan Bank and other membership bank stock, at cost	28,575	22,505
Loans held for sale	3,098	1,743
Loans, net of deferred fees	5,328,623	5,137,823
Less: Allowance for loan losses	48,884	40,003
Net loans	5,279,739	5,097,820
Premises and equipment, net	47,618	47,608
Operating lease right-of-use assets	17,621	18,282
Accrued interest receivable	16,775	16,832
Goodwill	156,277	156,277
Other identifiable intangible assets	4,049	4,314
Bank owned life insurance	113,082	112,392
Other assets	115,694	54,744
TOTAL ASSETS	7,013,908	6,711,236
Deposits:
Noninterest-bearing	1,129,695	1,124,121
Savings and interest-bearing transaction accounts	3,241,397	3,298,854
Time deposits $250 thousand and under	845,554	652,144
Time deposits over $250 thousand	238,492	218,660
Total deposits	5,455,138	5,293,779
Federal funds purchased and securities sold under agreements to repurchase	419,085	328,658
Other borrowings	140,715	165,816
Subordinated debentures	118,229	118,220
Operating lease liabilities	19,126	19,814
Other liabilities	124,693	59,686
TOTAL LIABILITIES	6,276,986	5,985,973
STOCKHOLDERS’ EQUITY
Common stock, no par value; authorized shares, 100,000,000; issued shares 50,592,673 and outstanding shares 50,461,638 at March 31, 2020 and issued and outstanding shares 50,498,410 at December 31, 2019	560,653	560,263
Retained earnings	168,780	162,752
Treasury shares, at cost, 131,035 shares at March 31, 2020 and no shares at December 31, 2019	(1,452)	0
Accumulated other comprehensive income	8,941	2,248
TOTAL STOCKHOLDERS’ EQUITY	736,922	725,263
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 7,013,908	$ 6,711,236

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Investment securities held to maturity, fair value	$ 119,023	$ 124,904
Common stock, par value (in usd per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	50,592,673	50,498,410
Common stock, shares outstanding (in shares)	50,461,638	50,498,410
Treasury shares (in shares)	131,035	0

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INTEREST INCOME
Loans and fees	$ 57,857	$ 57,642
Federal funds sold and interest-bearing deposits with banks	159	254
Taxable investment securities and other	5,229	4,873
Tax-exempt investment securities	332	408
TOTAL INTEREST INCOME	63,577	63,177
INTEREST EXPENSE
Deposits	10,863	11,497
Federal funds purchased and securities sold under agreements to repurchase	429	608
Other borrowings	2,386	2,466
TOTAL INTEREST EXPENSE	13,678	14,571
NET INTEREST INCOME	49,899	48,606
Provision for loan losses	9,223	508
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	40,676	48,098
NONINTEREST INCOME
Service charges on deposit accounts	2,500	2,573
Commissions and fees	1,640	1,412
Income on bank owned life insurance	665	683
(Loss) gain on equity securities	(653)	353
Gains on sales of loans	415	371
Gains on sales of investment securities, net	342	0
Gain (Loss) on Sales of Investment Securities, Net	342	0
Swap income	2,843	199
Other income	259	132
Total Noninterest Income	8,011	5,723
NONINTEREST EXPENSE
Salaries and employee benefits	20,235	19,231
Net occupancy expense	2,836	2,954
Furniture and equipment	2,560	2,116
FDIC insurance expense	298	450
Stationery, supplies and postage	399	447
Marketing expense	227	469
Data processing expense	1,253	1,327
Telecommunications expense	444	493
ATM and debit card expense	587	602
Core deposit intangible amortization	265	304
Other real estate and repossessed asset expense	12	86
Long-term debt prepayment fee	356	0
Merger related expenses	0	2,860
Other expenses	3,032	2,645
TOTAL NONINTEREST EXPENSE	32,504	33,984
Income before provision for income taxes	16,183	19,837
Provision for income taxes	3,791	4,211
NET INCOME	$ 12,392	$ 15,626
PER SHARE OF COMMON STOCK
Basic earnings (in usd per share)	$ 0.24	$ 0.31
Diluted earnings (in usd per share)	0.24	0.31
Common stock, dividends price per share (in usd per share)	$ 0.125	$ 0.115

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 12,392	$ 15,626
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Unrealized gains on securities available for sale	7,284	4,363
Reclassification for securities gains included in net income	(254)	0
Unrealized losses on derivatives	(337)	(214)
Other comprehensive income	6,693	4,149
TOTAL COMPREHENSIVE INCOME	$ 19,085	$ 19,775

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2018	$ 623,739	$ 514,703	$ 116,874	$ 0	$ (7,838)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,626		15,626
Other comprehensive income, net of tax	4,149				4,149
Stock based compensation	696	696
Issuance of stock for Highlands acquisition	43,417	43,417
Retirement of restricted stock	(571)	(571)
Cash dividends on common stock of $0.115 per share	(5,838)		(5,838)
Balance at end of period at Mar. 31, 2019	681,343	558,245	126,787	0	(3,689)
Balance at beginning of period at Dec. 31, 2019	725,263	560,263	162,752	0	2,248
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,392		12,392
Other comprehensive income, net of tax	6,693				6,693
Purchase of treasury stock, 131,035 shares	(1,452)			(1,452)
Stock based compensation	847	847
Retirement of restricted stock	(457)	(457)
Cash dividends on common stock of $0.115 per share	(6,364)		(6,364)
Balance at end of period at Mar. 31, 2020	$ 736,922	$ 560,653	$ 168,780	$ (1,452)	$ 8,941

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Common stock, dividends price per share (in usd per share) | $ / shares	$ 0.125
Treasury Stock
Treasury shares (in shares) | shares	131,035

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME	$ 12,392,000	$ 15,626,000
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premiums, discounts and deferred loan fees and costs	1,109,000	497,000
Depreciation and amortization	855,000	2,138,000
Amortization of intangible assets	265,000	304,000
Amortization of operating lease right-of-use assets	661,000	652,000
Provision for loan losses	9,223,000	508,000
Loans originated for sale	(14,634,000)	(8,931,000)
Proceeds from sales of loans held for sale	13,694,000	10,928,000
Gains on sales of investment securities, net	(342,000)	0
Change in market value of equity securities	653,000	(353,000)
Gains on sales of loans held for sale	(415,000)	(371,000)
Gains on other real estate and other repossessed assets	(86,000)	(36,000)
Losses on sales of premises and equipment	14,000	85,000
Long-term debt prepayment penalty	356,000	0
Stock-based compensation	847,000	696,000
Excess tax (deficiencies) benefits	(113,000)	131,000
Increase in other assets	(64,307,000)	(2,590,000)
Increase in other liabilities	64,225,000	959,000
NET CASH PROVIDED BY OPERATING ACTIVITIES	24,397,000	20,243,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash acquired in acquisitions	0	13,454,000
Proceeds from repayments and maturities of available for sale securities	70,134,000	42,074,000
Proceeds from repayments and maturities of held to maturity securities	8,076,000	4,153,000
Proceeds from sales of equity securities	0	1,138,000
Sales proceeds	94,696,000	0
Purchase of available for sale securities	(213,062,000)	(36,085,000)
Purchase of held to maturity securities	0	(8,510,000)
Purchase of equity securities	(1,082,000)	(95,000)
Proceeds from redemptions of Federal Home Loan Bank stock	41,450,000	25,792,000
Purchases of Federal Home Loan Bank stock	(47,520,000)	(27,675,000)
Net increase in loans	(191,014,000)	(38,506,000)
Proceeds from sales of other real estate and repossessed assets	649,000	253,000
Proceeds from dispositions and sales of premises and equipment	0	953,000
Purchases of premises and equipment	(1,605,000)	(1,793,000)
NET CASH USED IN INVESTING ACTIVITIES	(239,278,000)	(24,847,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	161,448,000	34,545,000
Increase in federal funds purchased and securities sold under agreements to repurchase	90,427,000	27,361,000
Repayments of other borrowings	(25,456,000)	(33,133,000)
Purchase of treasury stock	(1,452,000)	0
Retirement of restricted stock	(457,000)	(571,000)
Dividends paid	(6,364,000)	(5,838,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES	218,146,000	22,364,000
Net increase in cash and cash equivalents	3,265,000	17,760,000
Cash and cash equivalents, beginning of period	282,371,000	208,599,000
CASH AND CASH EQUIVALENTS, END OF PERIOD	285,636,000	226,359,000
Supplemental schedule of non-cash investing and financing activities:
Cash paid during the period for income taxes	368,000	230,000
Cash paid during the period for interest	12,973,000	13,001,000
Transfer of loans into other repossessed assets and other real estate owned	(393,000)	102,000
Initial recognition of operating lease right-of-use assets	0	18,651,000
Initial recognition of operating lease liabilities	0	20,203,000
Non-cash assets acquired:
Federal Home Loan Bank stock	0	1,767,000
Investment securities	0	22,734,000
Loans, including loans held for sale	0	426,118,000
Goodwill and other intangible assets, net	0	23,125,000
Other assets	0	9,304,000
Total non-cash assets acquired	0	483,048,000
Deposits	0	409,638,000
Other borrowings	0	40,957,000
Other liabilities	0	2,490,000
Total liabilities assumed	0	453,085,000
Common stock issued	$ 0	$ 43,417,000

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation This quarterly report presents the consolidated financial statements of Lakeland Bancorp, Inc. and its subsidiaries, including Lakeland Bank (“Lakeland”) and Lakeland’s wholly owned subsidiaries (collectively, the “Company”). The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and predominant practices within the banking industry. The Company’s unaudited interim financial statements reflect all adjustments, such as normal recurring accruals that are in the opinion of management, necessary for the fair presentation of the results of the interim periods. The results of operations for the three months ended March 31, 2020 do not necessarily indicate the results that the Company will achieve for all of 2020 . Certain information and footnote disclosures required under U.S. GAAP have been condensed or omitted, as permitted by rules and regulations of the Securities and Exchange Commission. These unaudited interim financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes that are presented in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2019 . Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS On January 4, 2019, the Company completed its acquisition of Highlands Bancorp, Inc. ("Highlands"), a bank holding company headquartered in Vernon, New Jersey. Highlands was the parent of Highlands State Bank, which operated four branches in Sussex, Passaic and Morris Counties in New Jersey. This acquisition enabled the Company to broaden its presence in those counties. Effective as of the close of business on January 4, 2019 , Highlands merged into the Company and Highlands State Bank merged into Lakeland. Pursuant to the merger agreement, the shareholders of Highlands received for each outstanding share of Highlands common stock that they owned at the effective time of the merger, 1.015 shares of Lakeland Bancorp, Inc. common stock. The Company issued 2,837,524 shares of its common stock in the merger. Outstanding Highlands stock options were paid out in cash at the difference between $14.71 and an average strike price of $8.09 for a total cash payment of $797,000 . The acquisition was accounted for under the acquisition method of accounting and accordingly, the assets acquired and liabilities assumed in the acquisition were recorded at their estimated fair values as of the acquisition date. Highlands' assets were recorded at their preliminary estimated fair values as of January 4, 2019 and Highlands' results of operations have been included in the Company's Consolidated Statements of Income from that date forward. The assets acquired and liabilities assumed in the acquisition were recorded at their estimated fair values based on management's best estimates using information available at the date of the acquisition, including the use of a third-party valuation specialist. During the second quarter of 2019, the Company revised the estimated fair value of the acquired assets as of the acquisition date as the result of additional information obtained. The adjustment related to credit-impaired loans acquired in the acquisition that were recorded at fair value and subsequently accounted for in accordance with Accounting Standards Codification ("ASC") Subtopic 310-30 and resulted in a $1.7 million increase in goodwill. As a result of new information obtained during the third quarter of 2019, about facts and circumstances that existed as of the acquisition date, the Company revised the estimated fair value on two Highlands branches acquired. The adjustment resulted in an increase in goodwill of $447,000 . The following table summarizes the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Highlands. (in thousands) Assets acquired: Cash and cash equivalents $ 13,454 Securities, available for sale 21,234 Securities, held to maturity 1,500 Federal Home Loan Bank stock 1,767 Loans held for sale 1,113 Loans 425,005 Premises and equipment 2,613 Goodwill 19,844 Identifiable intangible assets 3,728 Accrued interest receivable and other assets 6,244 Total assets acquired 496,502 Liabilities assumed: Deposits (409,638 ) Other borrowings (27,800 ) Subordinated debt (13,157 ) Other liabilities (2,490 ) Total liabilities assumed (453,085 ) Net assets acquired $ 43,417 Loans acquired in the Highlands acquisition were recorded at fair value and subsequently accounted for in accordance with ASC Topic 310. There was no carryover related allowance for loan losses. The fair values of loans acquired from Highlands were estimated using cash flow projections based on the remaining maturity and repricing terms. Cash flows were adjusted for estimated future credit losses and the rate of prepayments. Projected cash flows were then discounted to present value using a risk-adjusted market rate for similar loans. The following is a summary of the credit impaired loans acquired in the Highlands acquisition as of the closing date. (in thousands) Contractually required principal and interest at acquisition $ 22,363 Contractual cash flows not expected to be collected (non-accretable difference) 7,129 Expected cash flows at acquisition $ 15,234 Interest component of expected cash flows (accretable difference) 1,431 Fair value of acquired loans $ 13,803 The core deposit intangible totaled $3.7 million and is being amortized over its estimated useful life of approximately ten years using an accelerated method. The goodwill will be evaluated annually for impairment. The goodwill is not deductible for tax purposes. The fair values of deposit liabilities with no stated maturities such as checking, money market and savings accounts, were assumed to equal the carrying amounts since these deposits are payable on demand. The fair values of certificates of deposits and IRAs represent the present value of contractual cash flows discounted at market rates for similar certificates of deposit. Direct costs related to the acquisition were expensed as incurred. During the three months ended March 31, 2019 , the Company incurred $2.9 million of merger and acquisition integration-related expenses, which have been separately stated in the Company's Consolidated Statements of Income. There were no merger or acquisition integration-related expenses in 2020.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION The Company’s primary source of revenue is interest income generated from loans and investment securities. Interest income is recognized according to the terms of the financial instrument agreement over the life of the loan or investment security unless it is determined that the counterparty is unable to continue making interest payments. Interest income also includes prepaid interest fees from commercial customers, which approximates the interest foregone on the balance of the loan prepaid. The Company’s additional source of income, also referred to as noninterest income, is generated from deposit related fees, interchange fees, loan fees, merchant fees, loan sales, investment services and other miscellaneous income and is largely based on contracts with customers. In these cases, the Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. The Company considers a customer to be any party to which the Company will provide goods or services that are an output of the Company’s ordinary activities in exchange for consideration. There is little seasonality with regards to revenue from contracts with customers and all inter-company revenue is eliminated when the Company’s financial statements are consolidated. Generally, the Company enters into contracts with customers that are short-term in nature where the performance obligations are fulfilled and payment is processed at the same time. Such examples include revenue related to merchant fees, interchange fees and investment services income. In addition, revenue generated from existing customer relationships such as deposit accounts are also considered short-term in nature, because the relationship may be terminated at any time and payment is processed at the time performance obligations are fulfilled. As a result, the Company does not have contract assets, contract liabilities or related receivable accounts for contracts with customers. In cases where collectability is a concern, the Company does not record revenue. Generally, the pricing of transactions between the Company and each customer is either (i) established within a legally enforceable contract between the two parties, as is the case with loan sales, or (ii) disclosed to the customer at a specific point in time, as is the case when a deposit account is opened or before a new loan is underwritten. Fees are usually fixed at a specific amount or as a percentage of a transaction amount. No judgment or estimates by management are required to record revenue related to these transactions and pricing is clearly identified within these contracts. The Company primarily operates in one geographic region, Northern and Central New Jersey and contiguous areas. Therefore, all significant operating decisions are based upon analysis of the Company as one operating segment or unit. We disaggregate our revenue from contracts with customers by contract-type and timing of revenue recognition, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Noninterest income not generated from customers during the Company’s ordinary activities primarily relates to mortgage servicing rights, gains/losses on the sale of investment securities, gains/losses on the sale of other real estate owned, gains/losses on the sale of property, plant and equipment, and income from bank owned life insurance. The following table sets forth the components of noninterest income for the three months ended March 31, 2020 and 2019 : For the Three Months Ended March 31, (in thousands) 2020 2019 Deposit Related Fees and Charges: Debit card interchange income $ 1,223 $ 1,218 Overdraft charges 953 996 ATM service charges 167 184 Demand deposit fees and charges 134 143 Savings service charges 23 32 Total 2,500 2,573 Commissions and Fees: Loan fees 340 348 Wire transfer charges 308 267 Investment services income 523 352 Merchant fees 248 184 Commissions from sales of checks 83 103 Safe deposit income 86 91 Other income 51 61 Total 1,639 1,406 Gains on Sales of Loans 415 371 Other Income: Gains on customer swap transactions 2,843 199 Title insurance (loss) income (4 ) 90 Other income 97 61 Total 2,936 350 Revenue not from contracts with customers 521 1,023 Total Noninterest Income $ 8,011 $ 5,723 Timing of Revenue Recognition: Products and services transferred at a point in time 7,471 4,681 Products and services transferred over time 19 19 Revenue not from contracts with customers 521 1,023 Total Noninterest Income $ 8,011 $ 5,723

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The following schedule shows the Company’s earnings per share calculations for the periods presented: For the Three Months Ended March 31, (in thousands, except per share data) 2020 2019 Net income available to common shareholders $ 12,392 $ 15,626 Less: earnings allocated to participating securities 102 141 Net income allocated to common shareholders $ 12,290 $ 15,485 Weighted average number of common shares outstanding - basic 50,586 50,275 Share-based plans 142 167 Weighted average number of common shares outstanding - diluted 50,728 50,442 Basic earnings per share $ 0.24 $ 0.31 Diluted earnings per share $ 0.24 $ 0.31 There were no antidilutive options to purchase common stock excluded from the computation for the three months ended March 31, 2020 and 2019 .

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investment Securities	INVESTMENT SECURITIES The amortized cost, gross unrealized gains and losses and the fair value of the Company's available for sale and held to maturity investment securities are as follows: March 31, 2020 December 31, 2019 (in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AVAILABLE FOR SALE U.S. Treasury and U.S. government agencies $ 155,853 $ 1,807 $ (319 ) $ 157,341 $ 135,361 $ 722 $ (436 ) $ 135,647 Mortgage-backed securities, residential 461,700 13,156 (1,305 ) 473,551 500,245 3,185 (1,551 ) 501,879 Mortgage-backed securities, multifamily 53,026 1,500 (18 ) 54,508 48,675 633 (123 ) 49,185 Asset-backed securities 43,064 — (1,951 ) 41,113 — — — — Obligations of states and political subdivisions 77,353 1,023 (913 ) 77,463 58,979 1,077 (35 ) 60,021 Debt securities 9,000 114 — 9,114 9,000 168 — 9,168 $ 799,996 $ 17,600 $ (4,506 ) $ 813,090 $ 752,260 $ 5,785 $ (2,145 ) $ 755,900 March 31, 2020 December 31, 2019 (in thousands) Amortized Gross Gross Fair Amortized Gross Gross Fair HELD TO MATURITY U.S. government agencies $ 31,207 $ 901 $ — $ 32,108 $ 31,335 $ 182 $ (8 ) $ 31,509 Mortgage-backed securities, residential 70,999 2,162 — 73,161 76,229 734 (176 ) 76,787 Mortgage-backed securities, multifamily 740 44 — 784 1,750 4 (2 ) 1,752 Obligations of states and political subdivisions 10,306 164 — 10,470 12,161 195 — 12,356 Debt securities 2,500 — — 2,500 2,500 — — 2,500 $ 115,752 $ 3,271 $ — $ 119,023 $ 123,975 $ 1,115 $ (186 ) $ 124,904 The following table lists contractual maturities of investment securities classified as available for sale and held to maturity as of March 31, 2020 . Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity (in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 90,556 $ 90,722 $ 6,796 $ 6,831 Due after one year through five years 68,557 70,198 30,495 31,482 Due after five years through ten years 38,008 38,964 6,722 6,765 Due after ten years 45,085 44,034 — — 242,206 243,918 44,013 45,078 Mortgage-backed and asset-backed securities 557,790 569,172 71,739 73,945 Total securities $ 799,996 $ 813,090 $ 115,752 $ 119,023 The following table shows proceeds from sales of available-for-sale securities, gross gains and gross losses on sales and calls of securities for the periods indicated: For the Three Months Ended March 31, (in thousands) 2020 2019 Sales proceeds $ 94,696 $ — Gross gains 569 — Gross losses (227 ) — Gains or losses on sales of securities are based on the net proceeds and the adjusted carrying amount of the securities sold using the specific identification method. Securities with a carrying value of approximately $640.3 million and $581.1 million at March 31, 2020 and December 31, 2019 , respectively, were pledged to secure public deposits and for other purposes required by applicable laws and regulations. The following tables indicate the length of time individual securities have been in a continuous unrealized loss position for the periods presented: March 31, 2020 Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Number of Securities Fair Value Unrealized AVAILABLE FOR SALE U.S. Treasury and U.S. government agencies $ 74,745 $ 28 $ 19,355 $ 291 11 $ 94,100 $ 319 Mortgage-backed securities, residential 51,693 919 8,180 386 24 59,873 1,305 Mortgage-backed securities, multifamily 2,801 16 4,257 2 2 7,058 18 Asset-backed securities 41,112 1,951 — — 6 41,112 1,951 Obligations of states and political subdivisions 24,318 913 — — 11 24,318 913 $ 194,669 $ 3,827 $ 31,792 $ 679 54 $ 226,461 $ 4,506 There are no unrealized losses for held-to-maturity securities at March 31, 2020. December 31, 2019 Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Fair Value Unrealized Number of Fair Value Unrealized AVAILABLE FOR SALE U.S. Treasury and U.S. government agencies $ 11,625 $ 39 $ 41,617 $ 397 11 $ 53,242 $ 436 Mortgage-backed securities, residential 125,782 561 99,489 990 86 225,271 1,551 Mortgage-backed securities, multifamily 7,651 118 4,878 5 3 12,529 123 Obligations of states and political subdivisions 373 2 6,559 33 5 6,932 35 $ 145,431 $ 720 $ 152,543 $ 1,425 105 $ 297,974 $ 2,145 HELD TO MATURITY U.S. government agencies $ 3,195 $ 6 $ 5,102 $ 2 2 $ 8,297 $ 8 Mortgage-backed securities, residential 12,462 46 10,592 130 16 23,054 176 Mortgage-backed securities, multifamily — — 998 2 1 998 2 $ 15,657 $ 52 $ 16,692 $ 134 19 $ 32,349 $ 186 Management has evaluated the securities in the above table and has concluded that none of the securities with unrealized losses has impairments that are other-than-temporary. Fair value below cost is solely due to interest rate movements and is deemed temporary. Investment securities, including the mortgage-backed securities and corporate securities, are evaluated on a periodic basis to determine if factors are identified that would require further analysis. In evaluating the Company’s securities, management considers the following items: • The Company’s ability and intent to hold the securities, including an evaluation of the need to sell the security to meet certain liquidity measures, or whether the Company has sufficient levels of cash to hold the identified security in order to recover the entire amortized cost of the security; • The financial condition of the underlying issuer; • The credit ratings of the underlying issuer and if any changes in the credit rating have occurred; • The length of time the security’s fair value has been less than amortized cost; and • Adverse conditions related to the security or its issuer if the issuer has failed to make scheduled payments or other factors. If the above factors indicate that an additional analysis is required, management will perform a discounted cash flow analysis evaluating the security. Equity securities at fair value The Company has an equity securities portfolio which consists of investments in other financial institutions for market appreciation purposes and investments in Community Reinvestment funds. The market value of these investments was $16.9 million and $16.5 million at March 31, 2020 and December 31, 2019 , respectively. The Company recorded purchases of $1.1 million and $95,000 for the three months ended March 31, 2020 and 2019 , respectively. For the three months ended March 31, 2020 , the Company recorded no sales of equity securities and recorded proceeds from sales of equity securities of $1.1 million for the three months ended March 31, 2019 . The Company recorded $653,000 in market value losses on equity securities in noninterest income for the three months ended March 31, 2020 , and $353,000 in market value gains on equity securities for the three months ended March 31, 2019 . As of March 31, 2020 , the equity investments in other financial institutions and Community Reinvestment funds had a market value of $915,000 and $16.0 million , respectively. The Community Reinvestment funds include $3.5 million that are primarily invested in community development loans that are guaranteed by the Small Business Administration (“SBA”). Because the funds are primarily guaranteed by the federal government, there are minimal changes in market value between accounting periods. These funds can be redeemed with 60 days ' notice at the net asset value less unpaid management fees with the approval of the fund manager. As of March 31, 2020 , the net amortized cost equaled the market value of the investment. There are no unfunded commitments related to these investments. The Community Reinvestment funds also include $12.5 million of investment in government guaranteed loans, mortgage-backed securities, small business loans and other instruments supporting affordable housing and economic development as of March 31, 2020 . The Company may redeem these funds at the net asset value calculated at the end of the current business day less any unpaid management fees. There are no restrictions on redemptions for the holdings in these investments other than the notice required by the fund manager. There are no unfunded commitments related to these investments.

Loans and Other Real Estate

Loans and Other Real Estate	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans and Other Real Estate	LOANS AND OTHER REAL ESTATE The following sets forth the composition of the Company’s loan portfolio: (in thousands) March 31, 2020 December 31, 2019 Commercial, secured by real estate $ 3,740,319 $ 3,589,593 Commercial, industrial and other 467,346 431,934 Equipment finance 116,421 111,076 Real estate - residential mortgage 334,114 335,191 Real estate - construction 333,592 335,169 Home equity and consumer 340,071 337,977 Total loans 5,331,863 5,140,940 Less: deferred fees (3,240 ) (3,117 ) Loans, net of deferred fees $ 5,328,623 $ 5,137,823 At March 31, 2020 and December 31, 2019 , home equity and consumer loans included overdraft deposit balances of $281,000 and $789,000 , respectively. At March 31, 2020 and December 31, 2019 , the Company had $1.5 billion and $1.3 billion , respectively, in loans pledged for actual and potential borrowings at the Federal Home Loan Bank of New York (“FHLB”). Purchased Credit Impaired Loans The following sets forth the carrying value of the purchased credit impaired ("PCI") loans acquired in mergers: (in thousands) March 31, 2020 December 31, 2019 Acquisition Highlands $ 7,494 $ 8,194 Pascack Community Bank ("Pascack") 106 113 Harmony Bank ("Harmony") 434 441 Total $ 8,034 $ 8,748 The following table presents changes in the accretable yield for PCI loans: For the Three Months Ended (in thousands) March 31, 2020 March 31, 2019 Balance, beginning of period $ 363 $ 81 Acquisitions — 1,420 Accretion (144 ) (193 ) Net reclassification non-accretable difference 72 30 Balance, end of period $ 291 $ 1,338 Non-Performing Assets and Past Due Loans The following schedule sets forth certain information regarding the Company’s non-performing assets and its accruing troubled debt restructurings, excluding PCI loans: (in thousands) March 31, 2020 December 31, 2019 Commercial, secured by real estate $ 23,851 $ 12,314 Commercial, industrial and other 1,909 1,539 Equipment finance 199 284 Real estate - residential mortgage 2,837 3,428 Real estate - construction 919 967 Home equity and consumer 2,689 2,606 Total non-accrual loans $ 32,404 $ 21,138 Other real estate and other repossessed assets 393 563 TOTAL NON-PERFORMING ASSETS $ 32,797 $ 21,701 Troubled debt restructurings, still accruing $ 4,719 $ 5,650 Non-accrual loans included $2.2 million and $1.6 million of troubled debt restructurings at March 31, 2020 and December 31, 2019 , respectively. At March 31, 2020 and December 31, 2019 , the Company had $1.5 million and $2.0 million , respectively, in residential mortgages and consumer home equity loans that were in the process of foreclosure which are included in non-accrual loans in the above table. An age analysis of past due loans, excluding PCI loans which are accounted for on a pool basis, segregated by class of loans as of March 31, 2020 and December 31, 2019 , is as follows: (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Investment Greater than 89 Days and Still Accruing March 31, 2020 Commercial, secured by real estate $ 12,162 $ 8,032 $ 13,190 $ 33,384 $ 3,701,509 $ 3,734,893 $ — Commercial, industrial and other 2,101 1,010 1,057 4,168 462,284 466,452 — Equipment finance 264 30 200 494 115,927 116,421 — Real estate - residential mortgage 1,988 125 1,630 3,743 329,970 333,713 — Real estate - construction — — 225 225 332,570 332,795 — Home equity and consumer 1,645 299 1,243 3,187 336,368 339,555 99 $ 18,160 $ 9,496 $ 17,545 $ 45,201 $ 5,278,628 $ 5,323,829 $ 99 December 31, 2019 Commercial, secured by real estate $ 3,578 $ 1,200 $ 9,702 $ 14,480 $ 3,569,008 $ 3,583,488 $ — Commercial, industrial and other 353 71 1,064 1,488 429,502 430,990 — Equipment finance 166 80 284 530 110,546 111,076 — Real estate - residential mortgage 1,138 251 2,075 3,464 331,337 334,801 — Real estate - construction — — 967 967 333,418 334,385 — Home equity and consumer 1,573 287 1,533 3,393 334,059 337,452 — $ 6,808 $ 1,889 $ 15,625 $ 24,322 $ 5,107,870 $ 5,132,192 $ — Impaired Loans The Company defines impaired loans as all non-accrual loans with recorded investments of $500,000 or greater. Impaired loans also include all loans that have been modified in troubled debt restructurings, but excludes PCI loans. Impaired loans as of March 31, 2020 and December 31, 2019 are as follows: (in thousands) Recorded Investment in Impaired Loans Contractual Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized March 31, 2020 Loans without specific allowance: Commercial, secured by real estate $ 23,705 $ 23,965 $ — $ 13,594 $ 30 Commercial, industrial and other 1,330 1,333 — 1,347 4 Equipment finance — — — — — Real estate - residential mortgage 1,525 1,651 — 1,581 — Real estate - construction 694 694 — 702 10 Home equity and consumer — — — — — Loans with specific allowance: Commercial, secured by real estate 3,263 3,505 202 3,406 38 Commercial, industrial and other 106 105 5 105 2 Equipment finance 19 19 8 21 — Real estate - residential mortgage 654 835 2 659 5 Real estate - construction — — — — — Home equity and consumer 638 739 5 640 8 Total: Commercial, secured by real estate $ 26,968 $ 27,470 $ 202 $ 17,000 $ 68 Commercial, industrial and other 1,436 1,438 5 1,452 6 Equipment finance 19 19 8 21 — Real estate - residential mortgage 2,179 2,486 2 2,240 5 Real estate - construction 694 694 — 702 10 Home equity and consumer 638 739 5 640 8 $ 31,934 $ 32,846 $ 222 $ 22,055 $ 97 (in thousands) Recorded Contractual Specific Average Interest December 31, 2019 Loans without specific allowance: Commercial, secured by real estate $ 12,478 $ 12,630 $ — $ 10,386 $ 164 Commercial, industrial and other 1,391 1,381 — 1,334 16 Equipment finance — — — — — Real estate - residential mortgage 803 815 — 233 — Real estate - construction 1,663 1,661 — 82 2 Home equity and consumer — — — — — Loans with specific allowance: Commercial, secured by real estate 3,470 3,706 228 4,554 190 Commercial, industrial and other 113 113 5 113 6 Equipment finance 23 23 10 21 — Real estate - residential mortgage 1,512 1,682 104 926 19 Real estate - construction — — — — — Home equity and consumer 671 765 5 693 29 Total: Commercial, secured by real estate $ 15,948 $ 16,336 $ 228 $ 14,940 $ 354 Commercial, industrial and other 1,504 1,494 5 1,447 22 Equipment finance 23 23 10 21 — Real estate - residential mortgage 2,315 2,497 104 1,159 19 Real estate - construction 1,663 1,661 — 82 2 Home equity and consumer 671 765 5 693 29 $ 22,124 $ 22,776 $ 352 $ 18,342 $ 426 Interest income recognized on impaired loans was $97,000 and $144,000 for the three months ended March 31, 2020 and 2019 , respectively. Interest that would have been accrued on impaired loans during the first three months of 2020 and 2019 had the loans been performing under original terms would have been $297,000 and $268,000 , respectively. Credit Quality Indicators The class of loans is determined by internal risk rating. Management closely and continually monitors the quality of its loans and assesses the quantitative and qualitative risks arising from the credit quality of its loans. Lakeland assigns a credit risk rating to all commercial loans and loan commitments. The credit risk rating system has been developed by management to provide a methodology to be used by loan officers, department heads and senior management in identifying various levels of credit risk that exist within Lakeland’s commercial loan portfolios. The risk rating system assists senior management in evaluating Lakeland’s commercial loan portfolio, analyzing trends, and determining the proper level of required reserves to be recommended to the Board. In assigning risk ratings, management considers, among other things, a borrower’s debt service coverage, earnings strength, loan to value ratios, guarantor support, industry conditions and economic conditions. Management categorizes commercial loans and commitments into a one (1) to nine (9) numerical structure with rating 1 being the strongest rating and rating 9 being the weakest. Ratings 1 through 5W are considered ‘Pass’ ratings. The following table shows the Company’s commercial loan portfolio as of March 31, 2020 and December 31, 2019 , by the risk ratings discussed above (in thousands): March 31, 2020 Commercial, Secured by Real Estate Commercial, Industrial and Other Real Estate - Construction Total Commercial Loans RISK RATING 1 $ — $ 554 $ — $ 554 2 — 18,099 — 18,099 3 73,368 35,528 — 108,896 4 986,743 117,485 17,899 1,122,127 5 2,329,762 203,708 301,455 2,834,925 5W - Watch 227,836 68,160 1,050 297,046 6 - Other assets especially mentioned 59,250 9,338 11,472 80,060 7 - Substandard 63,360 14,474 1,716 79,550 8 - Doubtful — — — — 9 - Loss — — — — Total $ 3,740,319 $ 467,346 $ 333,592 $ 4,541,257 December 31, 2019 Commercial, Commercial, Real Estate - Total Commercial Loans RISK RATING 1 $ — $ 898 $ — $ 898 2 — 17,988 — 17,988 3 74,072 39,112 — 113,184 4 965,825 107,376 17,941 1,091,142 5 2,332,863 215,975 307,824 2,856,662 5W - Watch 100,347 30,192 6,959 137,498 6 - Other assets especially mentioned 55,438 11,328 — 66,766 7 - Substandard 61,048 9,065 2,445 72,558 8 - Doubtful — — — — 9 - Loss — — — — Total $ 3,589,593 $ 431,934 $ 335,169 $ 4,356,696 The risk rating tables above do not include residential mortgage loans, consumer loans, or equipment finance loans because they are evaluated on their payment status. Allowance for Loan Losses The Coronavirus Aid, Relief and Economic Security ("CARES") Act, a stimulus package signed into law on March 27, 2020 to address economic disruption caused by the COVID-19 pandemic, provides financial institutions with the option to defer adoption of the Financial Accounting Standards Board's Accounting Standard Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326) until the earlier of the end of the pandemic or December 31, 2020. The Company has elected to defer adoption of ASU 2016-13 and its Current Expected Credit Loss methodology ("CECL"). The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2020 and 2019 : (in thousands) Commercial, Secured by Real Estate Commercial, Industrial and Other Equipment Finance Real Estate- Residential Mortgage Real Estate- Construction Home Equity and Consumer Total Three Months Ended March 31, 2020 Beginning Balance $ 28,950 $ 3,289 $ 957 $ 1,725 $ 2,672 $ 2,410 $ 40,003 Charge-offs (169 ) — (84 ) (116 ) — (114 ) (483 ) Recoveries 26 30 14 20 32 19 141 Provision 5,986 2,170 370 (29 ) 640 86 9,223 Ending Balance $ 34,793 $ 5,489 $ 1,257 $ 1,600 $ 3,344 $ 2,401 $ 48,884 (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total Three Months Ended March 31, 2019 Beginning Balance $ 27,881 $ 1,742 $ 987 $ 1,566 $ 3,015 $ 2,497 $ 37,688 Charge-offs (187 ) (147 ) (87 ) (50 ) — (45 ) (516 ) Recoveries 115 97 2 9 5 71 299 Provision (294 ) 900 45 39 (133 ) (49 ) 508 Ending Balance $ 27,515 $ 2,592 $ 947 $ 1,564 $ 2,887 $ 2,474 $ 37,979 Loans receivable summarized by portfolio segment and impairment method are as follows: (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total March 31, 2020 Ending Balance: Individually evaluated for impairment $ 26,968 $ 1,436 $ 19 $ 2,179 $ 694 $ 638 $ 31,934 Ending Balance: Collectively evaluated for impairment 3,707,925 465,016 116,402 331,534 332,101 338,917 5,291,895 Ending Balance: Loans acquired with deteriorated credit quality 5,426 894 — 401 797 516 8,034 Ending Balance (1) $ 3,740,319 $ 467,346 $ 116,421 $ 334,114 $ 333,592 $ 340,071 $ 5,331,863 (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total December 31, 2019 Ending Balance: Individually evaluated for impairment $ 15,948 $ 1,504 $ 23 $ 2,315 $ 1,663 $ 671 $ 22,124 Ending Balance: Collectively evaluated for impairment 3,567,540 429,486 111,053 332,486 332,722 336,781 5,110,068 Ending balance: Loans acquired with deteriorated credit quality 6,105 944 — 390 784 525 8,748 Ending Balance (1) $ 3,589,593 $ 431,934 $ 111,076 $ 335,191 $ 335,169 $ 337,977 $ 5,140,940 (1) Excludes deferred fees The allowance for loan losses is summarized by portfolio segment and impairment classification as follows: (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total March 31, 2020 Ending Balance: Individually evaluated for impairment $ 202 $ 5 $ 8 $ 2 $ — $ 5 $ 222 Ending Balance: Collectively evaluated for impairment 34,591 5,484 1,249 1,598 3,344 2,396 48,662 Ending Balance $ 34,793 $ 5,489 $ 1,257 $ 1,600 $ 3,344 $ 2,401 $ 48,884 (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total December 31, 2019 Ending Balance: Individually evaluated for impairment $ 228 $ 5 $ 10 $ 104 $ — $ 5 $ 352 Ending Balance: Collectively evaluated for impairment 28,722 3,284 947 1,621 2,672 2,405 39,651 Ending Balance $ 28,950 $ 3,289 $ 957 $ 1,725 $ 2,672 $ 2,410 $ 40,003 Lakeland also maintains a reserve for unfunded lending commitments which is included in other liabilities. This reserve was $2.0 million and $1.8 million as of March 31, 2020 and December 31, 2019 , respectively. The Company analyzes the adequacy of the reserve for unfunded lending commitments quarterly. Troubled Debt Restructurings Loans are classified as troubled debt restructured loans ("TDR") in cases where borrowers experience financial difficulties and Lakeland makes certain concessionary modifications to contractual terms. Restructured loans typically involve a modification of terms such as a reduction of the stated interest rate, a moratorium of principal payments and/or an extension of the maturity date at a stated interest rate lower than the current market rate of a new loan with similar risk. The Company considers the potential losses on these loans as well as the remainder of its impaired loans while considering the adequacy of the allowance for loan losses. Section 4013 of the CARES Act, as interpreted by the "Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by the Coronavirus (Revised)" (“Revised Statement”), dated April 17, 2020, includes criteria that enable financial institutions to exclude from TDR status loans that are modified in connection with COVID-19. Under these provisions, TDR status is not required for the term of a loan modification if (i) the loan modification is made in connection with COVID-19, (ii) the loan was not past due more than 30 days as of December 31, 2019 and (iii) the loan modification is entered into during the period between March 1, 2020, and the earlier of (a) 60 days after COVID-19 is no longer characterized as a National Emergency or (b) December 31, 2020. Furthermore, pursuant to the Revised Statement, for loan modifications that do not meet these criteria but are made in connection with COVID-19, such loans may be presumed not to be TDR if they are modified at a time when the borrower is current and the modifications are short-term (e.g., six months). If the criteria are not met under either Section 4013 or the Revised Statement, banks are required to follow their existing accounting policies to determine whether COVID-related modifications should be accounted for as a TDR. The Company has elected to suspend the classification of loan modifications as TDR if they qualify under Section 4013 or the Revised Statement. There are no loans that were restructured during the three months ended March 31, 2020 and 2019 . The following table summarizes as of March 31, 2020 and 2019 , loans that were restructured within the previous twelve months that have subsequently defaulted: March 31, 2020 March 31, 2019 (dollars in thousands) Number of Recorded Number of Recorded Home equity and consumer 2 $ 83 — $ — 2 $ 83 — $ — Other Real Estate and Other Repossessed Assets At March 31, 2020 and December 31, 2019 , the Company had other real estate owned of $393,000 and $563,000 , respectively, consisting of residential property acquired as a result of foreclosure proceedings. There were no balances of other repossessed assets at both March 31, 2020 and December 31, 2019 .

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	LEASES The Company leases certain premises and equipment under operating leases. Portions of certain properties are subleased for terms extending through 2024. At March 31, 2020 , the Company had lease liabilities totaling $19.1 million and right-of-use assets totaling $17.6 million related to these leases. At December 31, 2019 , the Company had lease liabilities totaling $19.8 million and right-of-use assets totaling $18.3 million . The calculated amount of the right-of-use asset and lease liabilities are impacted by the length of the lease term and the discount rate used to calculate the present value of the minimum lease payments. The Company's lease agreements often include one or more options to renew at the Company's discretion. If at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. The Company uses its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. For leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used. For the three months ended March 31, 2020 , the weighted average remaining lease term for operating leases was 10.25 years and the weighted average discount rate used in the measurement of operating lease liabilities was 3.52% . As the Company elected not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance and utilities. Lease costs were as follows: For the Three Months Ended March 31, (in thousands) 2020 2019 Operating lease cost $ 828 $ 820 Short-term lease cost — — Variable lease cost 32 35 Sublease income (31 ) (31 ) Net lease cost $ 829 $ 824 The table below presents other information on the Company's operating leases for the three months ended March 31, 2020 : (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 689 Right-of-use asset obtained in exchange for new operating lease liabilities $ — There were no sale and leaseback transactions, leveraged leases or lease transactions with related parties during the three months ended March 31, 2020 . At March 31, 2020 , the Company had no leases that had not yet commenced. A maturity analysis of operating lease liabilities and a reconciliation of the undiscounted cash flows to the total operating lease liability at March 31, 2020 are as follows: (in thousands) Within one year $ 3,238 After one year but within three years 5,482 After three years but within five years 4,339 After 5 years 10,096 Total undiscounted cash flows 23,155 Discount on cash flows (4,029 ) Total lease liability $ 19,126

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	DERIVATIVES Lakeland is a party to interest rate derivatives that are not designated as hedging instruments. Under a program, Lakeland 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 Lakeland executes with a third-party financial institution, such that Lakeland minimizes its net risk exposure resulting from such transactions. Because the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss given default for all counterparties. Lakeland had $98.4 million and $30.0 million , respectively, in available for sale securities pledged for collateral on its interest rate swaps with financial institutions at March 31, 2020 and December 31, 2019 . In June 2016, the Company entered into two cash flow hedges in order to hedge the variable cash outflows associated with its subordinated debentures. The notional value of these hedges was $30.0 million . The Company’s objectives in using cash flow hedges are to add stability to interest expense and to manage its exposure to interest rate movements. The Company used interest rate swaps designated as cash flow hedges which involved the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. In these particular hedges the Company is paying a third party an average of 1.10% in exchange for a payment at 3 month LIBOR . The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges are recorded in accumulated other comprehensive income and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the three months ended March 31, 2020 , the Company did not record any hedge ineffectiveness. The Company recognized $62,000 and $124,000 of accumulated other comprehensive income that was reclassified into interest expense for the first three months of 2020 and 2019 , respectively. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s debt. During the next twelve months, the Company estimates that $105,000 will be reclassified as a decrease to interest expense should the rate environment remain the same. The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands): March 31, 2020 Notional Amount Average Maturity (Years) Weighted Average Fixed Rate Weighted Average Variable Rate Fair Value Classified in Other Assets: Customer interest rate swaps 780,599 9.7 3.89 % 1 Mo. LIBOR + 1.89% 91,277 Classified in Other Liabilities: 3rd Party interest rate swaps 780,599 9.7 3.89 % 1 Mo. LIBOR + 1.89% (91,277 ) Interest rate swap (cash flow hedge) 30,000 1.3 1.10 % 3 Mo. LIBOR (207 ) December 31, 2019 Notional Average Weighted Weighted Average Fair Classified in Other Assets: 3rd Party interest rate swaps $ 85,796 9.0 3.51 % 1 Mo. LIBOR + 1.95 $ 947 Customer interest rate swaps 473,273 9.9 4.32 % 1 Mo. LIBOR + 1.93 25,905 Interest rate swap (cash flow hedge) 30,000 1.5 1.10 % 3 Mo. LIBOR 271 Classified in Other Liabilities: Customer interest rate swaps $ 85,796 9.0 3.51 % 1 Mo. LIBOR + 1.95 $ (947 ) 3rd party interest rate swaps 473,273 9.9 4.32 % 1 Mo. LIBOR + 1.93 (25,905 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The Company had goodwill of $156.3 million at both March 31, 2020 and December 31, 2019 . The Company recorded $19.8 million in goodwill from the Highlands merger in January 2019. The Company reviews its goodwill and intangible assets annually, on November 30, or more frequently if conditions warrant, for impairment. In testing goodwill for impairment, the Company compares the estimated fair value of its reporting unit to its carrying amount, including goodwill. The Company has determined that it has one reporting unit, Community Banking. At March 31, 2020 , the Company evaluated whether it is more likely than not that the fair value of our one reporting unit is less than its carrying amount, by assessing relevant events and circumstances as a result of the impact of COVID-19 and concluded that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount. The Company had core deposit intangibles of $4.0 million and $4.3 million at March 31, 2020 and December 31, 2019 , respectively. The Company recorded core deposit intangibles of $3.7 million for the Highlands acquisition in January 2019. The estimated future amortization expense for the remainder of 2020 and for each of the succeeding five years ended December 31 is as follows (in thousands): For the Year Ended 2020 $ 760 2021 868 2022 711 2023 554 2024 425 2025 317

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Borrowings	BORROWINGS At March 31, 2020 and December 31, 2019 , the Company had overnight and short-term borrowings from the Federal Home Loan Bank ("FHLB") totaling $360.0 million and $200.0 million , respectively. In addition, overnight and short-term borrowings from correspondent banks totaled $20.0 million and $85.0 million at March 31, 2020 and December 31, 2019 , respectively. Other short-term borrowings at March 31, 2020 and December 31, 2019 consisted of short-term securities sold under agreements to repurchase of $39.1 million and $43.7 million , respectively. The securities sold under agreements to repurchase are overnight sweep arrangement accounts with our customers. As of March 31, 2020 , the Company had $39.8 million in mortgage backed securities pledged for its securities sold under agreements to repurchase. At times the market values of securities collateralizing our securities sold under agreements to repurchase may decline due to changes in interest rates and may necessitate our lenders to issue a “margin call” which requires Lakeland to pledge additional collateral to meet that margin call. Advances from the FHLB totaled $140.7 million at March 31, 2020 compared to $165.8 million at December 31, 2019 and were collateralized by first mortgage loans. The advances have prepayment penalties. In the first quarter of 2020, the Company repaid two advances totaling $10.0 million and recorded $356,000 in long-term debt prepayment fees.

Comprehensive Income

Comprehensive Income	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Comprehensive Income	COMPREHENSIVE INCOME The components of other comprehensive income (loss) are as follows: For the Three Months Ended March 31, 2020 March 31, 2019 (in thousands) Before Tax Amount Tax Benefit (Expense) Net of Tax Amount Before Tax Amount Tax Benefit Net of Tax Amount Net unrealized gains (losses) on available for sale securities: Net unrealized holding gains arising during period $ 9,796 $ (2,512 ) $ 7,284 $ 6,109 $ (1,746 ) $ 4,363 Reclassification adjustment for net gains arising during the period (342 ) 88 (254 ) — — — Net unrealized gains 9,454 (2,424 ) 7,030 6,109 (1,746 ) 4,363 Unrealized losses on derivatives (478 ) 141 (337 ) (271 ) 57 (214 ) Other comprehensive income, net $ 8,976 $ (2,283 ) $ 6,693 $ 5,838 $ (1,689 ) $ 4,149 The following tables show the changes in the balances of each of the components of other comprehensive income for the periods presented, net of tax: For the Three Months Ended March 31, 2020 For the Three Months Ended March 31, 2019 (in thousands) Unrealized Gains (Losses) on Available for Sale Securities Unrealized Gains (Losses) on Derivatives Pension Items Total Unrealized Losses on Available for Sale Securities Unrealized Gains on Derivatives Pension Items Total Beginning balance $ 1,936 $ 317 $ (5 ) $ 2,248 $ (8,782 ) $ 903 $ 41 $ (7,838 ) Other comprehensive income (loss) before classifications 7,284 (337 ) — 6,947 4,363 (214 ) — 4,149 Amounts reclassified from accumulated other comprehensive income (254 ) — — (254 ) — — — — Net current period other comprehensive income (loss) 7,030 (337 ) — 6,693 4,363 (214 ) — 4,149 Ending balance $ 8,966 $ (20 ) $ (5 ) $ 8,941 $ (4,419 ) $ 689 $ 41 $ (3,689 )

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION The Company's shareholders approved the 2018 Omnibus Equity Incentive Plan (the "Plan"), which authorizes the granting of incentive stock options, supplemental stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), other stock-based awards and cash-based awards to officers, employees and non-employee directors of, and consultants and advisors to, the Company and its subsidiaries. The Company previously granted such awards under the 2009 Equity Compensation Program; however, no further awards may be granted from the 2009 program. Restricted Stock The following is a summary of the Company’s restricted stock activity during the three months ended March 31, 2020 : Number of Shares Weighted Average Price Outstanding, January 1, 2020 13,110 $ 15.93 Granted 13,041 16.87 Vested (13,052 ) 15.96 Outstanding, March 31, 2020 13,099 $ 16.83 In the first three months of 2020 , the Company granted 13,041 shares of restricted stock to non-employee directors at a grant date fair value of $16.87 per share under the 2018 Omnibus Equity Incentive Program. The restricted stock vests one year from the date it was granted. Compensation expense on this restricted stock is expected to be $220,000 over a one year period. In the first three months of 2019 , the Company granted 13,052 shares of restricted stock to non-employee directors at a grant date fair value of $15.96 per share. The restricted stock vested one year from the date it was granted with a compensation expense of $208,000 over such period. The Company recognized share-based compensation expense on its restricted stock of $54,000 and $55,000 for the three months ended March 31, 2020 and 2019 , respectively. As of March 31, 2020 , there was unrecognized compensation cost of $166,000 related to unvested restricted stock that is expected to be recognized over a weighted average period of approximately 0.79 years . Restricted Stock Units The following is a summary of the Company’s RSU activity during the three months ended March 31, 2020 : Number of Shares Weighted Average Price Outstanding, January 1, 2020 300,629 $ 18.13 Granted 169,169 15.56 Vested (84,082 ) 18.74 Forfeited (5,416 ) 18.45 Outstanding, March 31, 2020 380,300 $ 16.85 In the first three months of 2020 , the Company granted 169,169 RSUs under the 2018 Omnibus Equity Incentive Plan at a weighted average grant date fair value of $15.56 per share. These units vest within a range of two years to three years . A portion of these RSUs will vest subject to certain performance conditions in the restricted stock unit agreement. There are also certain provisions in the compensation program which state that if a recipient of the RSUs reaches a certain age and years of service, the person has effectively earned a portion of the RSUs at that time. Compensation expense on the restricted stock units issued in the first three months of 2020 is expected to average approximately $877,000 per year over a three year period. In the first three months of 2019 , the Company granted 127,559 RSUs under the Company’s 2018 Omnibus Equity Incentive Plan at a weighted average grant date fair value of $16.66 per share. Compensation expense on these RSUs is expected to average approximately $708,000 per year over a three year period. The Company recognized share based compensation expense of $794,000 and $640,000 on RSUs for the three months ended March 31, 2020 and 2019 , respectively. Unrecognized compensation expense related to RSUs was approximately $4.1 million as of March 31, 2020 , and that cost is expected to be recognized over a period of 1.88 years . Stock Options A summary of the activity under the Company’s stock option plans as of March 31, 2020 is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding, January 1, 2019 31,706 $ 7.76 0.58 $ 305,120 Granted — — Exercised — — Outstanding, March 31, 2020 31,706 $ 7.76 0.33 $ 96,811 Options exercisable at March 31, 2020 31,706 $ 7.76 0.33 $ 96,811 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price, multiplied by the number of in-the-money options). There were no grants of stock options in the first three months of 2020 or 2019 . There were no stock options exercised during the first three months of 2020 or 2019 . There was no unrecognized compensation expense related to unvested stock options as of March 31, 2020 .

Fair Value Measurement and fair

Fair Value Measurement and fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurement and Fair Value of Financial Instruments	FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels giving the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest level priority to unobservable inputs (level 3 measurements). The following describes the three levels of fair value hierarchy: Level 1 – unadjusted quoted prices in active markets for identical assets or liabilities; includes U.S. Treasury Notes, and other U.S. Government Agency securities that actively trade in over-the-counter markets; equity securities and mutual funds that actively trade in over-the-counter markets. Level 2 – quoted prices for similar assets or liabilities in active markets; or quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs other than quoted prices that are observable for the asset or liability including yield curves, volatilities, and prepayment speeds. Level 3 – unobservable inputs for the asset or liability that reflect the Company’s own assumptions about assumptions that market participants would use in the pricing of the asset or liability and that are consequently not based on market activity but upon particular valuation techniques. The Company’s assets that are measured at fair value on a recurring basis are its available for sale investment securities and its interest rate swaps. The Company obtains fair values on its securities using information from a third-party servicer. If quoted prices for securities are available in an active market, those securities are classified as Level 1 securities. The Company has U.S. Treasury Notes and certain equity securities that are classified as Level 1 securities. Level 2 securities were primarily comprised of U.S. Agency bonds, residential mortgage-backed securities, obligations of state and political subdivisions and corporate securities. Fair values were estimated primarily by obtaining quoted prices for similar assets in active markets or through the use of pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, bids and offers. On a quarterly basis, the Company reviews the pricing information received from the Company’s third-party pricing service. This review includes a comparison to non-binding third-party quotes. The fair values of derivatives are based on valuation models from a third party using current market terms (including interest rates and fees), the remaining terms of the agreements and the credit worthiness of the counter party as of the measurement date (Level 2). The following table sets forth the Company’s financial assets that were accounted for at fair value on a recurring basis as of the periods presented by level within the fair value hierarchy. During the three months ended March 31, 2020 , the Company did not make any transfers between any levels within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: (in thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value March 31, 2020 Assets: Investment securities, available for sale U.S. Treasury and government agencies $ 76,986 $ 80,355 $ — $ 157,341 Mortgage-backed securities — 528,059 — 528,059 Asset-backed securities — 41,113 — 41,113 Obligations of states and political subdivisions — 77,463 — 77,463 Debt securities — 9,114 — 9,114 Total securities available for sale 76,986 736,104 — 813,090 Equity securities, at fair value 915 15,987 — 16,902 Derivative assets — 91,277 — 91,277 Total Assets $ 77,901 $ 843,368 $ — $ 921,269 Liabilities: Derivative liabilities $ — $ 91,484 $ — $ 91,484 Total Liabilities $ — $ 91,484 $ — $ 91,484 December 31, 2019 Assets: Investment securities, available for sale U.S. Treasury and government agencies $ 12,580 $ 123,067 $ — $ 135,647 Mortgage-backed securities — 551,064 — 551,064 Obligations of states and political subdivisions — 60,021 — 60,021 Debt securities — 9,168 — 9,168 Total securities available for sale 12,580 743,320 — 755,900 Equity securities, at fair value 1,735 14,738 — 16,473 Derivative assets — 27,123 — 27,123 Total Assets $ 14,315 $ 785,181 $ — $ 799,496 Liabilities: Derivative liabilities $ — $ 26,852 $ — $ 26,852 Total Liabilities $ — $ 26,852 $ — $ 26,852 The following table sets forth the Company’s assets subject to fair value adjustments (impairment) on a non-recurring basis. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: (in thousands) (Level 1) (Level 2) (Level 3) Total Fair Value March 31, 2020 Assets: Impaired loans $ — $ — $ 4,680 $ 4,680 Loans held for sale — 3,098 — 3,098 Other real estate owned and other repossessed assets — — 393 393 December 31, 2019 Assets: Impaired loans $ — $ — $ 5,789 $ 5,789 Loans held for sale — 1,743 — 1,743 Other real estate owned and other repossessed assets — — 563 563 Impaired loans are evaluated and valued at the time the loan is identified as impaired at the lower of cost or market value. Because most of Lakeland’s impaired loans are collateral dependent, fair value is generally measured based on the value of the collateral, less estimated costs to sell, securing these loans and is classified at a level 3 in the fair value hierarchy. Collateral may be real estate, accounts receivable, inventory, equipment and/or other business assets. The value of real estate is assessed based on appraisals by qualified third-party licensed appraisers. The appraisers may use the income approach to value the collateral using discount rates (with ranges of 5 - 11% ) or capitalization rates (with ranges of 4 - 9% ) to evaluate the property. The value of the equipment may be determined by an appraiser, if significant, inquiry through a recognized valuation resource, or by the value on the borrower’s financial statements. Field examiner reviews on business assets may be conducted based on the loan exposure and reliance on this type of collateral. Appraised and reported values may be adjusted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and client’s business. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors identified above. The Company has a held for sale loan portfolio that consists of residential mortgages that are being sold in the secondary market. The Company records these mortgages at the lower of cost or market value. Fair value is generally determined by the value of purchase commitments. Other real estate owned (“OREO”) and other repossessed assets, representing property acquired through foreclosure or deed in lieu of foreclosure, are carried at fair value less estimated disposal costs of the acquired property. Fair value on other real estate owned is based on the appraised value of the collateral using discount rates or capitalization rates similar to those used in impaired loan valuation. The fair value of other repossessed assets is estimated by inquiry through recognized valuation resources. Changes in the assumptions or methodologies used to estimate fair values may materially affect the estimated amounts. Changes in economic conditions, locally or nationally, could impact the value of the estimated amounts of impaired loans, OREO and other repossessed assets. Fair Value of Certain Financial Instruments Estimated fair values have been determined by the Company using the best available data and an estimation methodology suitable for each category of financial instruments. Management is concerned that there may not be reasonable comparability between institutions due to the wide range of permitted assumptions and methodologies in the absence of active markets. This lack of uniformity gives rise to a high degree of subjectivity in estimating financial instrument fair values. The estimation methodologies used, the estimated fair values and recorded book balances at March 31, 2020 , and December 31, 2019 , are outlined below. This summary, as well as the table below, excludes financial assets and liabilities for which carrying value approximates fair value. For financial assets, these include cash and cash equivalents. For financial liabilities, these include noninterest-bearing demand deposits, savings and interest-bearing transaction accounts and federal funds purchased and securities sold under agreements to repurchase. The estimated fair value of demand, savings and interest-bearing transaction accounts is the amount payable on demand at the reporting date. Carrying value is used because there is no stated maturity on these accounts, and the customer has the ability to withdraw the funds immediately. Also excluded from this summary and the following table are those financial instruments recorded at fair value on a recurring basis, as previously described. The fair value of investment securities held to maturity is measured using information from the same third-party servicer used for investment securities available for sale using the same methodologies discussed above. Investment securities held to maturity includes $75,000 in short-term municipal bond anticipation notes and $2.5 million in subordinated debt that are non-rated and do not have an active secondary market or information readily available on standard financial systems. As a result, the securities are classified as Level 3 securities. Management performs a credit analysis before investing in these securities. FHLB stock is an equity interest that can be sold to the issuing FHLB, to other FHLBs, or to other member banks at its par value. Because ownership of these securities is restricted, they do not have a readily determinable fair value. As such, the Company’s FHLB stock is recorded at cost or par value and is evaluated for impairment each reporting period by considering the ultimate recoverability of the investment rather than temporary declines in value. The Company’s evaluation primarily includes an evaluation of liquidity, capitalization, operating performance, commitments, and regulatory or legislative events. The net loan portfolio has been valued using an exit price approach, which incorporates a buildup discount rate calculation that uses a swap rate adjusted for credit risk, servicing costs, a liquidity premium and a prepayment premium. For fixed maturity certificates of deposit, fair value is estimated based on the present value of discounted cash flows using the rates currently offered for deposits of similar remaining maturities. The carrying amount of accrued interest payable approximates its fair value. The fair value of long-term debt is based upon the discounted value of contractual cash flows. The Company estimates the discount rate using the rates currently offered for similar borrowing arrangements. The fair value of subordinated debentures is based on bid/ask prices from brokers for similar types of instruments. The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of guarantees and letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The fair value of commitments to extend credit and standby letters of credit are deemed immaterial. The following table presents the carrying values, fair values and placement in the fair value hierarchy of the Company’s financial instruments as of March 31, 2020 and December 31, 2019 : (in thousands) Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2020 Financial Assets: Investment securities held to maturity $ 115,752 $ 119,023 $ — $ 116,448 $ 2,575 Federal Home Loan Bank and other membership bank stocks 28,575 28,575 — 28,575 — Loans, net 5,279,739 5,229,776 — — 5,229,776 Financial Liabilities: Certificates of deposit 1,084,046 1,084,580 — 1,084,580 — Other borrowings 140,715 144,658 — 144,658 — Subordinated debentures 118,229 112,272 — — 112,272 December 31, 2019 Financial Assets: Investment securities held to maturity $ 123,975 $ 124,904 $ — $ 121,503 $ 3,401 Federal Home Loan Bank and other membership bank stocks 22,505 22,505 — 22,505 — Loans, net 5,097,820 5,194,065 — — 5,194,065 Financial Liabilities: Certificates of deposit 870,804 871,418 — 871,418 — Other borrowings 165,816 166,505 — 166,505 — Subordinated debentures 118,220 117,992 — — 117,992

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation This quarterly report presents the consolidated financial statements of Lakeland Bancorp, Inc. and its subsidiaries, including Lakeland Bank (“Lakeland”) and Lakeland’s wholly owned subsidiaries (collectively, the “Company”). The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and predominant practices within the banking industry. The Company’s unaudited interim financial statements reflect all adjustments, such as normal recurring accruals that are in the opinion of management, necessary for the fair presentation of the results of the interim periods. The results of operations for the three months ended March 31, 2020 do not necessarily indicate the results that the Company will achieve for all of 2020 . Certain information and footnote disclosures required under U.S. GAAP have been condensed or omitted, as permitted by rules and regulations of the Securities and Exchange Commission. These unaudited interim financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes that are presented in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2019 . Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications.

Acquisitions - (Tables)

Acquisitions - (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Highlands. (in thousands) Assets acquired: Cash and cash equivalents $ 13,454 Securities, available for sale 21,234 Securities, held to maturity 1,500 Federal Home Loan Bank stock 1,767 Loans held for sale 1,113 Loans 425,005 Premises and equipment 2,613 Goodwill 19,844 Identifiable intangible assets 3,728 Accrued interest receivable and other assets 6,244 Total assets acquired 496,502 Liabilities assumed: Deposits (409,638 ) Other borrowings (27,800 ) Subordinated debt (13,157 ) Other liabilities (2,490 ) Total liabilities assumed (453,085 ) Net assets acquired $ 43,417
Schedule of Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period	The following is a summary of the credit impaired loans acquired in the Highlands acquisition as of the closing date. (in thousands) Contractually required principal and interest at acquisition $ 22,363 Contractual cash flows not expected to be collected (non-accretable difference) 7,129 Expected cash flows at acquisition $ 15,234 Interest component of expected cash flows (accretable difference) 1,431 Fair value of acquired loans $ 13,803 The following sets forth the carrying value of the purchased credit impaired ("PCI") loans acquired in mergers: (in thousands) March 31, 2020 December 31, 2019 Acquisition Highlands $ 7,494 $ 8,194 Pascack Community Bank ("Pascack") 106 113 Harmony Bank ("Harmony") 434 441 Total $ 8,034 $ 8,748

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table sets forth the components of noninterest income for the three months ended March 31, 2020 and 2019 : For the Three Months Ended March 31, (in thousands) 2020 2019 Deposit Related Fees and Charges: Debit card interchange income $ 1,223 $ 1,218 Overdraft charges 953 996 ATM service charges 167 184 Demand deposit fees and charges 134 143 Savings service charges 23 32 Total 2,500 2,573 Commissions and Fees: Loan fees 340 348 Wire transfer charges 308 267 Investment services income 523 352 Merchant fees 248 184 Commissions from sales of checks 83 103 Safe deposit income 86 91 Other income 51 61 Total 1,639 1,406 Gains on Sales of Loans 415 371 Other Income: Gains on customer swap transactions 2,843 199 Title insurance (loss) income (4 ) 90 Other income 97 61 Total 2,936 350 Revenue not from contracts with customers 521 1,023 Total Noninterest Income $ 8,011 $ 5,723 Timing of Revenue Recognition: Products and services transferred at a point in time 7,471 4,681 Products and services transferred over time 19 19 Revenue not from contracts with customers 521 1,023 Total Noninterest Income $ 8,011 $ 5,723

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of Earnings Per Share	The following schedule shows the Company’s earnings per share calculations for the periods presented: For the Three Months Ended March 31, (in thousands, except per share data) 2020 2019 Net income available to common shareholders $ 12,392 $ 15,626 Less: earnings allocated to participating securities 102 141 Net income allocated to common shareholders $ 12,290 $ 15,485 Weighted average number of common shares outstanding - basic 50,586 50,275 Share-based plans 142 167 Weighted average number of common shares outstanding - diluted 50,728 50,442 Basic earnings per share $ 0.24 $ 0.31 Diluted earnings per share $ 0.24 $ 0.31

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Reconciliation of Available-for-Sale Securities	The amortized cost, gross unrealized gains and losses and the fair value of the Company's available for sale and held to maturity investment securities are as follows: March 31, 2020 December 31, 2019 (in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value AVAILABLE FOR SALE U.S. Treasury and U.S. government agencies $ 155,853 $ 1,807 $ (319 ) $ 157,341 $ 135,361 $ 722 $ (436 ) $ 135,647 Mortgage-backed securities, residential 461,700 13,156 (1,305 ) 473,551 500,245 3,185 (1,551 ) 501,879 Mortgage-backed securities, multifamily 53,026 1,500 (18 ) 54,508 48,675 633 (123 ) 49,185 Asset-backed securities 43,064 — (1,951 ) 41,113 — — — — Obligations of states and political subdivisions 77,353 1,023 (913 ) 77,463 58,979 1,077 (35 ) 60,021 Debt securities 9,000 114 — 9,114 9,000 168 — 9,168 $ 799,996 $ 17,600 $ (4,506 ) $ 813,090 $ 752,260 $ 5,785 $ (2,145 ) $ 755,900
Reconciliation of Held-to-Maturity Securities	March 31, 2020 December 31, 2019 (in thousands) Amortized Gross Gross Fair Amortized Gross Gross Fair HELD TO MATURITY U.S. government agencies $ 31,207 $ 901 $ — $ 32,108 $ 31,335 $ 182 $ (8 ) $ 31,509 Mortgage-backed securities, residential 70,999 2,162 — 73,161 76,229 734 (176 ) 76,787 Mortgage-backed securities, multifamily 740 44 — 784 1,750 4 (2 ) 1,752 Obligations of states and political subdivisions 10,306 164 — 10,470 12,161 195 — 12,356 Debt securities 2,500 — — 2,500 2,500 — — 2,500 $ 115,752 $ 3,271 $ — $ 119,023 $ 123,975 $ 1,115 $ (186 ) $ 124,904
Summary of Investment Securities by Stated Maturity	The following table lists contractual maturities of investment securities classified as available for sale and held to maturity as of March 31, 2020 . Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity (in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 90,556 $ 90,722 $ 6,796 $ 6,831 Due after one year through five years 68,557 70,198 30,495 31,482 Due after five years through ten years 38,008 38,964 6,722 6,765 Due after ten years 45,085 44,034 — — 242,206 243,918 44,013 45,078 Mortgage-backed and asset-backed securities 557,790 569,172 71,739 73,945 Total securities $ 799,996 $ 813,090 $ 115,752 $ 119,023
Sales of Securities, Gross Gains and Gross Losses on Sales of Securities	The following table shows proceeds from sales of available-for-sale securities, gross gains and gross losses on sales and calls of securities for the periods indicated: For the Three Months Ended March 31, (in thousands) 2020 2019 Sales proceeds $ 94,696 $ — Gross gains 569 — Gross losses (227 ) —
Reconciliation of Available-for-Sale and Held-to-Maturity Securities in Continuous Unrealized Loss Position	The following tables indicate the length of time individual securities have been in a continuous unrealized loss position for the periods presented: March 31, 2020 Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Number of Securities Fair Value Unrealized AVAILABLE FOR SALE U.S. Treasury and U.S. government agencies $ 74,745 $ 28 $ 19,355 $ 291 11 $ 94,100 $ 319 Mortgage-backed securities, residential 51,693 919 8,180 386 24 59,873 1,305 Mortgage-backed securities, multifamily 2,801 16 4,257 2 2 7,058 18 Asset-backed securities 41,112 1,951 — — 6 41,112 1,951 Obligations of states and political subdivisions 24,318 913 — — 11 24,318 913 $ 194,669 $ 3,827 $ 31,792 $ 679 54 $ 226,461 $ 4,506 There are no unrealized losses for held-to-maturity securities at March 31, 2020. December 31, 2019 Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Fair Value Unrealized Number of Fair Value Unrealized AVAILABLE FOR SALE U.S. Treasury and U.S. government agencies $ 11,625 $ 39 $ 41,617 $ 397 11 $ 53,242 $ 436 Mortgage-backed securities, residential 125,782 561 99,489 990 86 225,271 1,551 Mortgage-backed securities, multifamily 7,651 118 4,878 5 3 12,529 123 Obligations of states and political subdivisions 373 2 6,559 33 5 6,932 35 $ 145,431 $ 720 $ 152,543 $ 1,425 105 $ 297,974 $ 2,145 HELD TO MATURITY U.S. government agencies $ 3,195 $ 6 $ 5,102 $ 2 2 $ 8,297 $ 8 Mortgage-backed securities, residential 12,462 46 10,592 130 16 23,054 176 Mortgage-backed securities, multifamily — — 998 2 1 998 2 $ 15,657 $ 52 $ 16,692 $ 134 19 $ 32,349 $ 186

Loans and Other Real Estate (Ta

Loans and Other Real Estate (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Schedule of Loans Receivable	The following sets forth the composition of the Company’s loan portfolio: (in thousands) March 31, 2020 December 31, 2019 Commercial, secured by real estate $ 3,740,319 $ 3,589,593 Commercial, industrial and other 467,346 431,934 Equipment finance 116,421 111,076 Real estate - residential mortgage 334,114 335,191 Real estate - construction 333,592 335,169 Home equity and consumer 340,071 337,977 Total loans 5,331,863 5,140,940 Less: deferred fees (3,240 ) (3,117 ) Loans, net of deferred fees $ 5,328,623 $ 5,137,823 For the Three Months Ended (in thousands) March 31, 2020 March 31, 2019 Balance, beginning of period $ 363 $ 81 Acquisitions — 1,420 Accretion (144 ) (193 ) Net reclassification non-accretable difference 72 30 Balance, end of period $ 291 $ 1,338
Schedule of Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period	The following is a summary of the credit impaired loans acquired in the Highlands acquisition as of the closing date. (in thousands) Contractually required principal and interest at acquisition $ 22,363 Contractual cash flows not expected to be collected (non-accretable difference) 7,129 Expected cash flows at acquisition $ 15,234 Interest component of expected cash flows (accretable difference) 1,431 Fair value of acquired loans $ 13,803 The following sets forth the carrying value of the purchased credit impaired ("PCI") loans acquired in mergers: (in thousands) March 31, 2020 December 31, 2019 Acquisition Highlands $ 7,494 $ 8,194 Pascack Community Bank ("Pascack") 106 113 Harmony Bank ("Harmony") 434 441 Total $ 8,034 $ 8,748
Company's Non-Performing Assets and its Accruing Troubled Debt Restructurings, Excluding PCI Loans	The following schedule sets forth certain information regarding the Company’s non-performing assets and its accruing troubled debt restructurings, excluding PCI loans: (in thousands) March 31, 2020 December 31, 2019 Commercial, secured by real estate $ 23,851 $ 12,314 Commercial, industrial and other 1,909 1,539 Equipment finance 199 284 Real estate - residential mortgage 2,837 3,428 Real estate - construction 919 967 Home equity and consumer 2,689 2,606 Total non-accrual loans $ 32,404 $ 21,138 Other real estate and other repossessed assets 393 563 TOTAL NON-PERFORMING ASSETS $ 32,797 $ 21,701 Troubled debt restructurings, still accruing $ 4,719 $ 5,650
Age Analysis of Past Due Loans, Segregated by Class of Loans	An age analysis of past due loans, excluding PCI loans which are accounted for on a pool basis, segregated by class of loans as of March 31, 2020 and December 31, 2019 , is as follows: (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Investment Greater than 89 Days and Still Accruing March 31, 2020 Commercial, secured by real estate $ 12,162 $ 8,032 $ 13,190 $ 33,384 $ 3,701,509 $ 3,734,893 $ — Commercial, industrial and other 2,101 1,010 1,057 4,168 462,284 466,452 — Equipment finance 264 30 200 494 115,927 116,421 — Real estate - residential mortgage 1,988 125 1,630 3,743 329,970 333,713 — Real estate - construction — — 225 225 332,570 332,795 — Home equity and consumer 1,645 299 1,243 3,187 336,368 339,555 99 $ 18,160 $ 9,496 $ 17,545 $ 45,201 $ 5,278,628 $ 5,323,829 $ 99 December 31, 2019 Commercial, secured by real estate $ 3,578 $ 1,200 $ 9,702 $ 14,480 $ 3,569,008 $ 3,583,488 $ — Commercial, industrial and other 353 71 1,064 1,488 429,502 430,990 — Equipment finance 166 80 284 530 110,546 111,076 — Real estate - residential mortgage 1,138 251 2,075 3,464 331,337 334,801 — Real estate - construction — — 967 967 333,418 334,385 — Home equity and consumer 1,573 287 1,533 3,393 334,059 337,452 — $ 6,808 $ 1,889 $ 15,625 $ 24,322 $ 5,107,870 $ 5,132,192 $ —
Credit Quality Indicators	The following table shows the Company’s commercial loan portfolio as of March 31, 2020 and December 31, 2019 , by the risk ratings discussed above (in thousands): March 31, 2020 Commercial, Secured by Real Estate Commercial, Industrial and Other Real Estate - Construction Total Commercial Loans RISK RATING 1 $ — $ 554 $ — $ 554 2 — 18,099 — 18,099 3 73,368 35,528 — 108,896 4 986,743 117,485 17,899 1,122,127 5 2,329,762 203,708 301,455 2,834,925 5W - Watch 227,836 68,160 1,050 297,046 6 - Other assets especially mentioned 59,250 9,338 11,472 80,060 7 - Substandard 63,360 14,474 1,716 79,550 8 - Doubtful — — — — 9 - Loss — — — — Total $ 3,740,319 $ 467,346 $ 333,592 $ 4,541,257 December 31, 2019 Commercial, Commercial, Real Estate - Total Commercial Loans RISK RATING 1 $ — $ 898 $ — $ 898 2 — 17,988 — 17,988 3 74,072 39,112 — 113,184 4 965,825 107,376 17,941 1,091,142 5 2,332,863 215,975 307,824 2,856,662 5W - Watch 100,347 30,192 6,959 137,498 6 - Other assets especially mentioned 55,438 11,328 — 66,766 7 - Substandard 61,048 9,065 2,445 72,558 8 - Doubtful — — — — 9 - Loss — — — — Total $ 3,589,593 $ 431,934 $ 335,169 $ 4,356,696
Impaired Loans	Impaired loans as of March 31, 2020 and December 31, 2019 are as follows: (in thousands) Recorded Investment in Impaired Loans Contractual Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized March 31, 2020 Loans without specific allowance: Commercial, secured by real estate $ 23,705 $ 23,965 $ — $ 13,594 $ 30 Commercial, industrial and other 1,330 1,333 — 1,347 4 Equipment finance — — — — — Real estate - residential mortgage 1,525 1,651 — 1,581 — Real estate - construction 694 694 — 702 10 Home equity and consumer — — — — — Loans with specific allowance: Commercial, secured by real estate 3,263 3,505 202 3,406 38 Commercial, industrial and other 106 105 5 105 2 Equipment finance 19 19 8 21 — Real estate - residential mortgage 654 835 2 659 5 Real estate - construction — — — — — Home equity and consumer 638 739 5 640 8 Total: Commercial, secured by real estate $ 26,968 $ 27,470 $ 202 $ 17,000 $ 68 Commercial, industrial and other 1,436 1,438 5 1,452 6 Equipment finance 19 19 8 21 — Real estate - residential mortgage 2,179 2,486 2 2,240 5 Real estate - construction 694 694 — 702 10 Home equity and consumer 638 739 5 640 8 $ 31,934 $ 32,846 $ 222 $ 22,055 $ 97 (in thousands) Recorded Contractual Specific Average Interest December 31, 2019 Loans without specific allowance: Commercial, secured by real estate $ 12,478 $ 12,630 $ — $ 10,386 $ 164 Commercial, industrial and other 1,391 1,381 — 1,334 16 Equipment finance — — — — — Real estate - residential mortgage 803 815 — 233 — Real estate - construction 1,663 1,661 — 82 2 Home equity and consumer — — — — — Loans with specific allowance: Commercial, secured by real estate 3,470 3,706 228 4,554 190 Commercial, industrial and other 113 113 5 113 6 Equipment finance 23 23 10 21 — Real estate - residential mortgage 1,512 1,682 104 926 19 Real estate - construction — — — — — Home equity and consumer 671 765 5 693 29 Total: Commercial, secured by real estate $ 15,948 $ 16,336 $ 228 $ 14,940 $ 354 Commercial, industrial and other 1,504 1,494 5 1,447 22 Equipment finance 23 23 10 21 — Real estate - residential mortgage 2,315 2,497 104 1,159 19 Real estate - construction 1,663 1,661 — 82 2 Home equity and consumer 671 765 5 693 29 $ 22,124 $ 22,776 $ 352 $ 18,342 $ 426 Loans receivable summarized by portfolio segment and impairment method are as follows: (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total March 31, 2020 Ending Balance: Individually evaluated for impairment $ 26,968 $ 1,436 $ 19 $ 2,179 $ 694 $ 638 $ 31,934 Ending Balance: Collectively evaluated for impairment 3,707,925 465,016 116,402 331,534 332,101 338,917 5,291,895 Ending Balance: Loans acquired with deteriorated credit quality 5,426 894 — 401 797 516 8,034 Ending Balance (1) $ 3,740,319 $ 467,346 $ 116,421 $ 334,114 $ 333,592 $ 340,071 $ 5,331,863 (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total December 31, 2019 Ending Balance: Individually evaluated for impairment $ 15,948 $ 1,504 $ 23 $ 2,315 $ 1,663 $ 671 $ 22,124 Ending Balance: Collectively evaluated for impairment 3,567,540 429,486 111,053 332,486 332,722 336,781 5,110,068 Ending balance: Loans acquired with deteriorated credit quality 6,105 944 — 390 784 525 8,748 Ending Balance (1) $ 3,589,593 $ 431,934 $ 111,076 $ 335,191 $ 335,169 $ 337,977 $ 5,140,940 (1) Excludes deferred fees
Allowance for Loan and Lease Losses by Portfolio Segment	The allowance for loan losses is summarized by portfolio segment and impairment classification as follows: (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total March 31, 2020 Ending Balance: Individually evaluated for impairment $ 202 $ 5 $ 8 $ 2 $ — $ 5 $ 222 Ending Balance: Collectively evaluated for impairment 34,591 5,484 1,249 1,598 3,344 2,396 48,662 Ending Balance $ 34,793 $ 5,489 $ 1,257 $ 1,600 $ 3,344 $ 2,401 $ 48,884 (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total December 31, 2019 Ending Balance: Individually evaluated for impairment $ 228 $ 5 $ 10 $ 104 $ — $ 5 $ 352 Ending Balance: Collectively evaluated for impairment 28,722 3,284 947 1,621 2,672 2,405 39,651 Ending Balance $ 28,950 $ 3,289 $ 957 $ 1,725 $ 2,672 $ 2,410 $ 40,003 The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2020 and 2019 : (in thousands) Commercial, Secured by Real Estate Commercial, Industrial and Other Equipment Finance Real Estate- Residential Mortgage Real Estate- Construction Home Equity and Consumer Total Three Months Ended March 31, 2020 Beginning Balance $ 28,950 $ 3,289 $ 957 $ 1,725 $ 2,672 $ 2,410 $ 40,003 Charge-offs (169 ) — (84 ) (116 ) — (114 ) (483 ) Recoveries 26 30 14 20 32 19 141 Provision 5,986 2,170 370 (29 ) 640 86 9,223 Ending Balance $ 34,793 $ 5,489 $ 1,257 $ 1,600 $ 3,344 $ 2,401 $ 48,884 (in thousands) Commercial, Commercial, Equipment Finance Real Estate- Real Estate- Home Total Three Months Ended March 31, 2019 Beginning Balance $ 27,881 $ 1,742 $ 987 $ 1,566 $ 3,015 $ 2,497 $ 37,688 Charge-offs (187 ) (147 ) (87 ) (50 ) — (45 ) (516 ) Recoveries 115 97 2 9 5 71 299 Provision (294 ) 900 45 39 (133 ) (49 ) 508 Ending Balance $ 27,515 $ 2,592 $ 947 $ 1,564 $ 2,887 $ 2,474 $ 37,979
Summary of Troubled Debt Restructurings	The following table summarizes as of March 31, 2020 and 2019 , loans that were restructured within the previous twelve months that have subsequently defaulted: March 31, 2020 March 31, 2019 (dollars in thousands) Number of Recorded Number of Recorded Home equity and consumer 2 $ 83 — $ — 2 $ 83 — $ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Lease, Cost	Lease costs were as follows: For the Three Months Ended March 31, (in thousands) 2020 2019 Operating lease cost $ 828 $ 820 Short-term lease cost — — Variable lease cost 32 35 Sublease income (31 ) (31 ) Net lease cost $ 829 $ 824 The table below presents other information on the Company's operating leases for the three months ended March 31, 2020 : (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 689 Right-of-use asset obtained in exchange for new operating lease liabilities $ —
Maturity analysis of operating lease liabilities	A maturity analysis of operating lease liabilities and a reconciliation of the undiscounted cash flows to the total operating lease liability at March 31, 2020 are as follows: (in thousands) Within one year $ 3,238 After one year but within three years 5,482 After three years but within five years 4,339 After 5 years 10,096 Total undiscounted cash flows 23,155 Discount on cash flows (4,029 ) Total lease liability $ 19,126

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary Information Regarding Derivatives	The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands): March 31, 2020 Notional Amount Average Maturity (Years) Weighted Average Fixed Rate Weighted Average Variable Rate Fair Value Classified in Other Assets: Customer interest rate swaps 780,599 9.7 3.89 % 1 Mo. LIBOR + 1.89% 91,277 Classified in Other Liabilities: 3rd Party interest rate swaps 780,599 9.7 3.89 % 1 Mo. LIBOR + 1.89% (91,277 ) Interest rate swap (cash flow hedge) 30,000 1.3 1.10 % 3 Mo. LIBOR (207 ) December 31, 2019 Notional Average Weighted Weighted Average Fair Classified in Other Assets: 3rd Party interest rate swaps $ 85,796 9.0 3.51 % 1 Mo. LIBOR + 1.95 $ 947 Customer interest rate swaps 473,273 9.9 4.32 % 1 Mo. LIBOR + 1.93 25,905 Interest rate swap (cash flow hedge) 30,000 1.5 1.10 % 3 Mo. LIBOR 271 Classified in Other Liabilities: Customer interest rate swaps $ 85,796 9.0 3.51 % 1 Mo. LIBOR + 1.95 $ (947 ) 3rd party interest rate swaps 473,273 9.9 4.32 % 1 Mo. LIBOR + 1.93 (25,905 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Estimated Future Amortization Expense	The estimated future amortization expense for the remainder of 2020 and for each of the succeeding five years ended December 31 is as follows (in thousands): For the Year Ended 2020 $ 760 2021 868 2022 711 2023 554 2024 425 2025 317

Comprehensive Income (Tables)

Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Summary of Changes in Components of Other Comprehensive Income, Net of Tax	The components of other comprehensive income (loss) are as follows: For the Three Months Ended March 31, 2020 March 31, 2019 (in thousands) Before Tax Amount Tax Benefit (Expense) Net of Tax Amount Before Tax Amount Tax Benefit Net of Tax Amount Net unrealized gains (losses) on available for sale securities: Net unrealized holding gains arising during period $ 9,796 $ (2,512 ) $ 7,284 $ 6,109 $ (1,746 ) $ 4,363 Reclassification adjustment for net gains arising during the period (342 ) 88 (254 ) — — — Net unrealized gains 9,454 (2,424 ) 7,030 6,109 (1,746 ) 4,363 Unrealized losses on derivatives (478 ) 141 (337 ) (271 ) 57 (214 ) Other comprehensive income, net $ 8,976 $ (2,283 ) $ 6,693 $ 5,838 $ (1,689 ) $ 4,149 The following tables show the changes in the balances of each of the components of other comprehensive income for the periods presented, net of tax: For the Three Months Ended March 31, 2020 For the Three Months Ended March 31, 2019 (in thousands) Unrealized Gains (Losses) on Available for Sale Securities Unrealized Gains (Losses) on Derivatives Pension Items Total Unrealized Losses on Available for Sale Securities Unrealized Gains on Derivatives Pension Items Total Beginning balance $ 1,936 $ 317 $ (5 ) $ 2,248 $ (8,782 ) $ 903 $ 41 $ (7,838 ) Other comprehensive income (loss) before classifications 7,284 (337 ) — 6,947 4,363 (214 ) — 4,149 Amounts reclassified from accumulated other comprehensive income (254 ) — — (254 ) — — — — Net current period other comprehensive income (loss) 7,030 (337 ) — 6,693 4,363 (214 ) — 4,149 Ending balance $ 8,966 $ (20 ) $ (5 ) $ 8,941 $ (4,419 ) $ 689 $ 41 $ (3,689 )

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Summary of Company's Restricted Stock Activity	The following is a summary of the Company’s RSU activity during the three months ended March 31, 2020 : Number of Shares Weighted Average Price Outstanding, January 1, 2020 300,629 $ 18.13 Granted 169,169 15.56 Vested (84,082 ) 18.74 Forfeited (5,416 ) 18.45 Outstanding, March 31, 2020 380,300 $ 16.85 The following is a summary of the Company’s restricted stock activity during the three months ended March 31, 2020 : Number of Shares Weighted Average Price Outstanding, January 1, 2020 13,110 $ 15.93 Granted 13,041 16.87 Vested (13,052 ) 15.96 Outstanding, March 31, 2020 13,099 $ 16.83
Option Activity under the Company's Stock Option Plans	A summary of the activity under the Company’s stock option plans as of March 31, 2020 is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding, January 1, 2019 31,706 $ 7.76 0.58 $ 305,120 Granted — — Exercised — — Outstanding, March 31, 2020 31,706 $ 7.76 0.33 $ 96,811 Options exercisable at March 31, 2020 31,706 $ 7.76 0.33 $ 96,811

Fair Value Measurement and fa_2

Fair Value Measurement and fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis	The fair values of derivatives are based on valuation models from a third party using current market terms (including interest rates and fees), the remaining terms of the agreements and the credit worthiness of the counter party as of the measurement date (Level 2).
Fair Value of Assets Measured on Non-recurring Basis	The following table sets forth the Company’s assets subject to fair value adjustments (impairment) on a non-recurring basis. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: (in thousands) (Level 1) (Level 2) (Level 3) Total Fair Value March 31, 2020 Assets: Impaired loans $ — $ — $ 4,680 $ 4,680 Loans held for sale — 3,098 — 3,098 Other real estate owned and other repossessed assets — — 393 393 December 31, 2019 Assets: Impaired loans $ — $ — $ 5,789 $ 5,789 Loans held for sale — 1,743 — 1,743 Other real estate owned and other repossessed assets — — 563 563
Carrying Values and Fair Values of Company's Financial Instruments	The following table presents the carrying values, fair values and placement in the fair value hierarchy of the Company’s financial instruments as of March 31, 2020 and December 31, 2019 : (in thousands) Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2020 Financial Assets: Investment securities held to maturity $ 115,752 $ 119,023 $ — $ 116,448 $ 2,575 Federal Home Loan Bank and other membership bank stocks 28,575 28,575 — 28,575 — Loans, net 5,279,739 5,229,776 — — 5,229,776 Financial Liabilities: Certificates of deposit 1,084,046 1,084,580 — 1,084,580 — Other borrowings 140,715 144,658 — 144,658 — Subordinated debentures 118,229 112,272 — — 112,272 December 31, 2019 Financial Assets: Investment securities held to maturity $ 123,975 $ 124,904 $ — $ 121,503 $ 3,401 Federal Home Loan Bank and other membership bank stocks 22,505 22,505 — 22,505 — Loans, net 5,097,820 5,194,065 — — 5,194,065 Financial Liabilities: Certificates of deposit 870,804 871,418 — 871,418 — Other borrowings 165,816 166,505 — 166,505 — Subordinated debentures 118,220 117,992 — — 117,992

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details)	Jan. 04, 2019USD ($)Branch$ / sharesshares	Mar. 31, 2020USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)
Business Acquisition [Line Items]
Merger related expenses		$ 0			$ 2,860,000
Highlands Bancorp, Inc.
Business Acquisition [Line Items]
Number of bank branches operated | Branch	4
Business acquisition, conversion, shares issued (in shares) | shares	1.015
Consideration paid through common stock (in shares) | shares	2,837,524
Stock option payout price per share (in dollars per share) | $ / shares	$ 14.71
Average strike price (in dollars per share) | $ / shares	$ 8.09
Cash paid for redemption of stock options	$ 797,000
Goodwill adjustments			$ 447,000,000	$ 1,700,000
Identifiable intangible assets	$ 3,728,000
Useful life	10 years
Merger related expenses		$ 0			$ 2,900,000

Acquisitions - Estimated Fair V

Acquisitions - Estimated Fair Value of the Acquired Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jan. 04, 2019
Business Acquisition [Line Items]
Goodwill	$ 156,277	$ 156,277	$ 19,800
Highlands Bancorp, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents			13,454
Securities, available for sale			21,234
Securities, held to maturity			1,500
Federal Home Loan Bank stock			1,767
Loans held for sale			1,113
Loans			425,005
Premises and equipment			2,613
Goodwill			19,844
Identifiable intangible assets			3,728
Accrued interest receivable and other assets			6,244
Total assets acquired			496,502
Deposits			(409,638)
Other borrowings			(27,800)
Subordinated debt			(13,157)
Other liabilities			(2,490)
Total liabilities assumed			(453,085)
Net assets acquired			$ 43,417

Acquisitions - Summary of Loans

Acquisitions - Summary of Loans Acquired (Details) - Financial Asset Acquired with Credit Deterioration - Highlands Bancorp, Inc. $ in Thousands	Jan. 04, 2019USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required principal and interest at acquisition	$ 22,363
Contractual cash flows not expected to be collected (non-accretable difference)	7,129
Expected cash flows at acquisition	15,234
Interest component of expected cash flows (accretable difference)	1,431
Fair value of acquired loans	$ 13,803

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020RegionSegment
Revenue from Contract with Customer [Abstract]
Number of geographic regions | Region	1
Number of operating segments | Segment	1

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Gains on Sales of Loans	$ 415	$ 371
Other Income:
Gains on customer swap transactions	2,843	199
Title insurance (loss) income	(4)	90
Other income	97	61
Total	2,936	350
Revenue not from contracts with customers	521	1,023
Total Noninterest Income	8,011	5,723
Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	7,471	4,681
Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	19	19
Deposit Related Fees and Charges
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	2,500	2,573
Debit card interchange income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	1,223	1,218
Overdraft charges
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	953	996
ATM service charges
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	167	184
Demand deposit fees and charges
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	134	143
Savings service charges
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	23	32
Commissions and Fees:
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	1,639	1,406
Loan fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	340	348
Wire transfer charges
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	308	267
Investment services income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	523	352
Merchant fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	248	184
Commissions from sales of checks
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	83	103
Safe deposit income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	86	91
Other income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax	$ 51	$ 61

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 12,392	$ 15,626
Less: earnings allocated to participating securities	102	141
Net income allocated to common shareholders	$ 12,290	$ 15,485
Weighted average number of common shares outstanding - basic (in shares)	50,586	50,275
Share-based plans (in shares)	142	167
Weighted average number of common shares outstanding - diluted (in shares)	50,728	50,442
Basic earnings per share (in usd per share)	$ 0.24	$ 0.31
Diluted earnings per share (in usd per share)	$ 0.24	$ 0.31

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options to purchase (in shares)	0	0

Investment Securities - Reconci

Investment Securities - Reconciliation of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 799,996	$ 752,260
Gross Unrealized Gains	17,600	5,785
Gross Unrealized Losses	(4,506)	(2,145)
Investment securities available for sale, at fair value	813,090	755,900
U.S. Treasury and U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	155,853	135,361
Gross Unrealized Gains	1,807	722
Gross Unrealized Losses	(319)	(436)
Investment securities available for sale, at fair value	157,341	135,647
Mortgage-backed securities, residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	461,700	500,245
Gross Unrealized Gains	13,156	3,185
Gross Unrealized Losses	(1,305)	(1,551)
Investment securities available for sale, at fair value	473,551	501,879
Mortgage-backed securities, multifamily
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	53,026	48,675
Gross Unrealized Gains	1,500	633
Gross Unrealized Losses	(18)	(123)
Investment securities available for sale, at fair value	54,508	49,185
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	43,064	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,951)	0
Investment securities available for sale, at fair value	41,113	0
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	77,353	58,979
Gross Unrealized Gains	1,023	1,077
Gross Unrealized Losses	(913)	(35)
Investment securities available for sale, at fair value	77,463	60,021
Debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,000	9,000
Gross Unrealized Gains	114	168
Gross Unrealized Losses	0	0
Investment securities available for sale, at fair value	$ 9,114	$ 9,168

Investment Securities - Recon_2

Investment Securities - Reconciliation of Held-to-Maturity Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 115,752	$ 123,975
Gross Unrealized Gains	3,271	1,115
Gross Unrealized Losses	0	(186)
Fair Value	119,023	124,904
U.S. government agencies
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	31,207	31,335
Gross Unrealized Gains	901	182
Gross Unrealized Losses	0	(8)
Fair Value	32,108	31,509
Mortgage-backed securities, residential
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	70,999	76,229
Gross Unrealized Gains	2,162	734
Gross Unrealized Losses	0	(176)
Fair Value	73,161	76,787
Mortgage-backed securities, multifamily
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	740	1,750
Gross Unrealized Gains	44	4
Gross Unrealized Losses	0	(2)
Fair Value	784	1,752
Obligations of states and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	10,306	12,161
Gross Unrealized Gains	164	195
Gross Unrealized Losses	0	0
Fair Value	10,470	12,356
Debt securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,500	2,500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 2,500	$ 2,500

Investment Securities - Summary

Investment Securities - Summary of Contractual Maturities of Investment Securities Classified as Available for Sale and Held to Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Available for Sale, Amortized Cost
Due in one year or less	$ 90,556
Due after one year through five years	68,557
Due after five years through ten years	38,008
Due after ten years	45,085
Total	242,206
Total securities	799,996	$ 752,260
Available for Sale, Fair Value
Due in one year or less	90,722
Due after one year through five years	70,198
Due after five years through ten years	38,964
Due after ten years	44,034
Total	243,918
Total securities	813,090	755,900
Held to Maturity, Amortized Cost
Due in one year or less	6,796
Due after one year through five years	30,495
Due after five years through ten years	6,722
Due after ten years	0
Total	44,013
Total securities	115,752	123,975
Held to Maturity, Fair Value
Due in one year or less	6,831
Due after one year through five years	31,482
Due after five years through ten years	6,765
Due after ten years	0
Total	45,078
Total securities	119,023	$ 124,904
Mortgage-backed and asset-backed securities
Available for Sale, Amortized Cost
Mortgage-backed and asset-backed securities	557,790
Available for Sale, Fair Value
Mortgage-backed and asset-backed securities	569,172
Held to Maturity, Amortized Cost
Mortgage-backed and asset-backed securities	71,739
Held to Maturity, Fair Value
Mortgage-backed and asset-backed securities	$ 73,945

Investment Securities - Gross G

Investment Securities - Gross Gains and Gross Losses on Sales of Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Sales proceeds	$ 94,696	$ 0
Gross gains	569	0
Gross losses	$ (227)	$ 0

Investment Securities - Additio

Investment Securities - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Investment Holdings [Line Items]
Securities, carrying value	$ 640,300,000		$ 581,100,000
Equity securities, at fair value	16,902,000		$ 16,473,000
Purchase of equity securities	1,082,000	$ 95,000
Proceeds from sales of equity securities	0	1,138,000
Loss on equity securities	653,000	$ (353,000)
Investment in community development loans	$ 3,500,000
Redemption of funds	60 days
Unfunded commitments	$ 0
Investment in government guaranteed loans, mortgage-backed securities, small business loans	12,500,000
Other financial institutions
Investment Holdings [Line Items]
Equity securities, at fair value	915,000
Unfunded commitments	0
Community reinvestment funds
Investment Holdings [Line Items]
Equity securities, at fair value	$ 16,000,000

Investment Securities - Recon_3

Investment Securities - Reconciliation of Available-for-Sale and Held-to-Maturity Securities in Continuous Unrealized Loss Position (Detail) $ in Thousands	Mar. 31, 2020USD ($)Security	Dec. 31, 2019USD ($)Security
Investment Holdings [Line Items]
Available for Sale, Less Than 12 Months, Fair Value	$ 194,669	$ 145,431
Available for Sale, Less Than 12 Months, Unrealized Losses	3,827	720
Available for Sale, 12 Months or Longer, Fair Value	31,792	152,543
Available for Sale, 12 Months or Longer, Unrealized Losses	$ 679	$ 1,425
Available for Sale, Number of Securities (in shares) | Security	54	105
Available for Sale, Total, Fair Value	$ 226,461	$ 297,974
Available for Sale, Total, Unrealized Losses	4,506	2,145
Held to Maturity, Less Than 12 Months, Fair Value		15,657
Held to Maturity, Less Than 12 Months, Unrealized Losses		52
Held to Maturity, 12 Months or Longer, Fair Value		16,692
Held to Maturity, 12 Months or Longer, Unrealized Losses		$ 134
Held to Maturity, Number of Securities (in shares) | Security		19
Held to Maturity, Total, Fair Value		$ 32,349
Held to Maturity, Total, Unrealized Losses		186
U.S. Treasury and U.S. government agencies
Investment Holdings [Line Items]
Available for Sale, Less Than 12 Months, Fair Value	74,745	11,625
Available for Sale, Less Than 12 Months, Unrealized Losses	28	39
Available for Sale, 12 Months or Longer, Fair Value	19,355	41,617
Available for Sale, 12 Months or Longer, Unrealized Losses	$ 291	$ 397
Available for Sale, Number of Securities (in shares) | Security	11	11
Available for Sale, Total, Fair Value	$ 94,100	$ 53,242
Available for Sale, Total, Unrealized Losses	319	436
Held to Maturity, Less Than 12 Months, Fair Value		3,195
Held to Maturity, Less Than 12 Months, Unrealized Losses		6
Held to Maturity, 12 Months or Longer, Fair Value		5,102
Held to Maturity, 12 Months or Longer, Unrealized Losses		$ 2
Held to Maturity, Number of Securities (in shares) | Security		2
Held to Maturity, Total, Fair Value		$ 8,297
Held to Maturity, Total, Unrealized Losses		8
Mortgage-backed securities, residential
Investment Holdings [Line Items]
Available for Sale, Less Than 12 Months, Fair Value	51,693	125,782
Available for Sale, Less Than 12 Months, Unrealized Losses	919	561
Available for Sale, 12 Months or Longer, Fair Value	8,180	99,489
Available for Sale, 12 Months or Longer, Unrealized Losses	$ 386	$ 990
Available for Sale, Number of Securities (in shares) | Security	24	86
Available for Sale, Total, Fair Value	$ 59,873	$ 225,271
Available for Sale, Total, Unrealized Losses	1,305	1,551
Held to Maturity, Less Than 12 Months, Fair Value		12,462
Held to Maturity, Less Than 12 Months, Unrealized Losses		46
Held to Maturity, 12 Months or Longer, Fair Value		10,592
Held to Maturity, 12 Months or Longer, Unrealized Losses		$ 130
Held to Maturity, Number of Securities (in shares) | Security		16
Held to Maturity, Total, Fair Value		$ 23,054
Held to Maturity, Total, Unrealized Losses		176
Mortgage-backed securities, multifamily
Investment Holdings [Line Items]
Available for Sale, Less Than 12 Months, Fair Value	2,801	7,651
Available for Sale, Less Than 12 Months, Unrealized Losses	16	118
Available for Sale, 12 Months or Longer, Fair Value	4,257	4,878
Available for Sale, 12 Months or Longer, Unrealized Losses	$ 2	$ 5
Available for Sale, Number of Securities (in shares) | Security	2	3
Available for Sale, Total, Fair Value	$ 7,058	$ 12,529
Available for Sale, Total, Unrealized Losses	18	123
Held to Maturity, Less Than 12 Months, Fair Value		0
Held to Maturity, Less Than 12 Months, Unrealized Losses		0
Held to Maturity, 12 Months or Longer, Fair Value		998
Held to Maturity, 12 Months or Longer, Unrealized Losses		$ 2
Held to Maturity, Number of Securities (in shares) | Security		1
Held to Maturity, Total, Fair Value		$ 998
Held to Maturity, Total, Unrealized Losses		2
Asset-backed securities
Investment Holdings [Line Items]
Available for Sale, Less Than 12 Months, Fair Value	41,112
Available for Sale, Less Than 12 Months, Unrealized Losses	1,951
Available for Sale, 12 Months or Longer, Fair Value	0
Available for Sale, 12 Months or Longer, Unrealized Losses	$ 0
Available for Sale, Number of Securities (in shares) | Security	6
Available for Sale, Total, Fair Value	$ 41,112
Available for Sale, Total, Unrealized Losses	1,951
Obligations of states and political subdivisions
Investment Holdings [Line Items]
Available for Sale, Less Than 12 Months, Fair Value	24,318	373
Available for Sale, Less Than 12 Months, Unrealized Losses	913	2
Available for Sale, 12 Months or Longer, Fair Value	0	6,559
Available for Sale, 12 Months or Longer, Unrealized Losses	$ 0	$ 33
Available for Sale, Number of Securities (in shares) | Security	11	5
Available for Sale, Total, Fair Value	$ 24,318	$ 6,932
Available for Sale, Total, Unrealized Losses	$ 913	$ 35

Loans and Other Real Estate - C

Loans and Other Real Estate - Composition of Loan and Lease Portfolio (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 5,331,863	$ 5,140,940
Less: deferred fees	(3,240)	(3,117)
Loans, net of deferred fees	5,328,623	5,137,823
Commercial, secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	3,740,319	3,589,593
Commercial, industrial and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	467,346	431,934
Equipment finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	116,421	111,076
Real estate - residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	334,114	335,191
Real estate - construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	333,592	335,169
Home equity and consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 340,071	$ 337,977

Loans and Other Real Estate - N

Loans and Other Real Estate - Narrative (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings included in non accrual loans	$ 2,200,000		$ 1,600,000
Unfunded lending reserve	2,000,000		1,800,000
Other real estate owned	393,000		563,000
Other repossessed assets owned	0		0
Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income on credit impaired loans	97,000	$ 144,000
Interest accrued on impaired loans	297,000	$ 268,000
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Group of impaired loans with recorded investment	500,000
Federal Home Loan Bank of New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential loans pledged for potential borrowings at the Federal Home Loan Bank of New York	1,500,000,000		1,300,000,000
Home equity and consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Overdraft balances included in home equity and consumer loans	281,000		789,000
Residential Mortgages and Consumer Home Equity Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans that were in process of foreclosure	$ 1,500,000		$ 2,000,000

Loans and Other Real Estate -_2

Loans and Other Real Estate - Carrying Value of Purchased Credit Impaired Loans Acquired (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and debt securities acquired with deteriorated credit quality	$ 8,034	$ 8,748
Highlands Bancorp, Inc.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and debt securities acquired with deteriorated credit quality	7,494	8,194
Pascack Bancorp, Inc.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and debt securities acquired with deteriorated credit quality	106	113
Harmony Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and debt securities acquired with deteriorated credit quality	$ 434	$ 441

Loans and Other Real Estate - S

Loans and Other Real Estate - Schedule of Changes in Accretable Yield (Detail) - Loans Acquired with Deteriorated Credit Quality - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance, beginning of period	$ 363	$ 81
Acquisitions	0	1,420
Accretion	(144)	(193)
Net reclassification non-accretable difference	72	30
Balance, end of period	$ 291	$ 1,338

Loans and Other Real Estate -_3

Loans and Other Real Estate - Non-Performing Assets and Its Accruing Troubled Debt Restructurings (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	$ 32,404	$ 21,138
Other real estate and other repossessed assets	393	563
TOTAL NON-PERFORMING ASSETS	32,797	21,701
Troubled debt restructurings, still accruing	4,719	5,650
Commercial, secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	23,851	12,314
Commercial, industrial and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	1,909	1,539
Equipment finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	199	284
Real estate - residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	2,837	3,428
Real estate - construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	919	967
Home equity and consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	$ 2,689	$ 2,606

Loans and Other Real Estate - A

Loans and Other Real Estate - Age Analysis of Past Due Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 45,201	$ 24,322
Current	5,278,628	5,107,870
Total Loans	5,323,829	5,132,192
Recorded Investment Greater than 89 Days and Still Accruing	99	0
Commercial, secured by real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	33,384	14,480
Current	3,701,509	3,569,008
Total Loans	3,734,893	3,583,488
Recorded Investment Greater than 89 Days and Still Accruing	0	0
Commercial, industrial and other
Financing Receivable, Past Due [Line Items]
Total Past Due	4,168	1,488
Current	462,284	429,502
Total Loans	466,452	430,990
Recorded Investment Greater than 89 Days and Still Accruing	0	0
Equipment finance
Financing Receivable, Past Due [Line Items]
Total Past Due	494	530
Current	115,927	110,546
Total Loans	116,421	111,076
Recorded Investment Greater than 89 Days and Still Accruing	0	0
Real estate - residential mortgage
Financing Receivable, Past Due [Line Items]
Total Past Due	3,743	3,464
Current	329,970	331,337
Total Loans	333,713	334,801
Recorded Investment Greater than 89 Days and Still Accruing	0	0
Real estate - construction
Financing Receivable, Past Due [Line Items]
Total Past Due	225	967
Current	332,570	333,418
Total Loans	332,795	334,385
Recorded Investment Greater than 89 Days and Still Accruing	0	0
Home equity and consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	3,187	3,393
Current	336,368	334,059
Total Loans	339,555	337,452
Recorded Investment Greater than 89 Days and Still Accruing	99	0
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	18,160	6,808
30-59 Days Past Due | Commercial, secured by real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	12,162	3,578
30-59 Days Past Due | Commercial, industrial and other
Financing Receivable, Past Due [Line Items]
Total Past Due	2,101	353
30-59 Days Past Due | Equipment finance
Financing Receivable, Past Due [Line Items]
Total Past Due	264	166
30-59 Days Past Due | Real estate - residential mortgage
Financing Receivable, Past Due [Line Items]
Total Past Due	1,988	1,138
30-59 Days Past Due | Real estate - construction
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
30-59 Days Past Due | Home equity and consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	1,645	1,573
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	9,496	1,889
60-89 Days Past Due | Commercial, secured by real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	8,032	1,200
60-89 Days Past Due | Commercial, industrial and other
Financing Receivable, Past Due [Line Items]
Total Past Due	1,010	71
60-89 Days Past Due | Equipment finance
Financing Receivable, Past Due [Line Items]
Total Past Due	30	80
60-89 Days Past Due | Real estate - residential mortgage
Financing Receivable, Past Due [Line Items]
Total Past Due	125	251
60-89 Days Past Due | Real estate - construction
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Home equity and consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	299	287
Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	17,545	15,625
Greater Than 89 Days Past Due | Commercial, secured by real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	13,190	9,702
Greater Than 89 Days Past Due | Commercial, industrial and other
Financing Receivable, Past Due [Line Items]
Total Past Due	1,057	1,064
Greater Than 89 Days Past Due | Equipment finance
Financing Receivable, Past Due [Line Items]
Total Past Due	200	284
Greater Than 89 Days Past Due | Real estate - residential mortgage
Financing Receivable, Past Due [Line Items]
Total Past Due	1,630	2,075
Greater Than 89 Days Past Due | Real estate - construction
Financing Receivable, Past Due [Line Items]
Total Past Due	225	967
Greater Than 89 Days Past Due | Home equity and consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 1,243	$ 1,533

Loans and Other Real Estate - I

Loans and Other Real Estate - Impaired Loans with and without Specific Allowances (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	$ 31,934	$ 22,124
Contractual Unpaid Principal Balance	32,846	22,776
Specific Allowance	222	352
Average Investment in Impaired Loans	22,055	18,342
Interest Income Recognized	97	426
Commercial, secured by real estate
Financing Receivable, Impaired [Line Items]
Loans without related allowance, Recorded Investment in Impaired Loans	23,705	12,478
Loans with related allowance, Recorded Investment in Impaired Loans	3,263	3,470
Recorded Investment in Impaired Loans	26,968	15,948
Loans without related allowance, Contractual Unpaid Principal Balance	23,965	12,630
Loans with related allowance, Contractual Unpaid Principal Balance	3,505	3,706
Contractual Unpaid Principal Balance	27,470	16,336
Specific Allowance	202	228
Loans without related allowance, Average Investment in Impaired Loans	13,594	10,386
Loans with related allowance, Average Investment in Impaired Loans	3,406	4,554
Average Investment in Impaired Loans	17,000	14,940
Loans without related allowance, Interest Income Recognized	30	164
Loans with related allowance, Interest Income Recognized	38	190
Interest Income Recognized	68	354
Commercial, industrial and other
Financing Receivable, Impaired [Line Items]
Loans without related allowance, Recorded Investment in Impaired Loans	1,330	1,391
Loans with related allowance, Recorded Investment in Impaired Loans	106	113
Recorded Investment in Impaired Loans	1,436	1,504
Loans without related allowance, Contractual Unpaid Principal Balance	1,333	1,381
Loans with related allowance, Contractual Unpaid Principal Balance	105	113
Contractual Unpaid Principal Balance	1,438	1,494
Specific Allowance	5	5
Loans without related allowance, Average Investment in Impaired Loans	1,347	1,334
Loans with related allowance, Average Investment in Impaired Loans	105	113
Average Investment in Impaired Loans	1,452	1,447
Loans without related allowance, Interest Income Recognized	4	16
Loans with related allowance, Interest Income Recognized	2	6
Interest Income Recognized	6	22
Equipment finance
Financing Receivable, Impaired [Line Items]
Loans without related allowance, Recorded Investment in Impaired Loans	0	0
Loans with related allowance, Recorded Investment in Impaired Loans	19	23
Recorded Investment in Impaired Loans	19	23
Loans without related allowance, Contractual Unpaid Principal Balance	0	0
Loans with related allowance, Contractual Unpaid Principal Balance	19	23
Contractual Unpaid Principal Balance	19	23
Specific Allowance	8	10
Loans without related allowance, Average Investment in Impaired Loans	0	0
Loans with related allowance, Average Investment in Impaired Loans	21	21
Average Investment in Impaired Loans	21	21
Loans without related allowance, Interest Income Recognized	0	0
Loans with related allowance, Interest Income Recognized	0	0
Interest Income Recognized	0	0
Real estate - residential mortgage
Financing Receivable, Impaired [Line Items]
Loans without related allowance, Recorded Investment in Impaired Loans	1,525	803
Loans with related allowance, Recorded Investment in Impaired Loans	654	1,512
Recorded Investment in Impaired Loans	2,179	2,315
Loans without related allowance, Contractual Unpaid Principal Balance	1,651	815
Loans with related allowance, Contractual Unpaid Principal Balance	835	1,682
Contractual Unpaid Principal Balance	2,486	2,497
Specific Allowance	2	104
Loans without related allowance, Average Investment in Impaired Loans	1,581	233
Loans with related allowance, Average Investment in Impaired Loans	659	926
Average Investment in Impaired Loans	2,240	1,159
Loans without related allowance, Interest Income Recognized	0	0
Loans with related allowance, Interest Income Recognized	5	19
Interest Income Recognized	5	19
Real estate - construction
Financing Receivable, Impaired [Line Items]
Loans without related allowance, Recorded Investment in Impaired Loans	694	1,663
Loans with related allowance, Recorded Investment in Impaired Loans	0	0
Recorded Investment in Impaired Loans	694	1,663
Loans without related allowance, Contractual Unpaid Principal Balance	694	1,661
Loans with related allowance, Contractual Unpaid Principal Balance	0	0
Contractual Unpaid Principal Balance	694	1,661
Specific Allowance	0	0
Loans without related allowance, Average Investment in Impaired Loans	702	82
Loans with related allowance, Average Investment in Impaired Loans	0	0
Average Investment in Impaired Loans	702	82
Loans without related allowance, Interest Income Recognized	10	2
Loans with related allowance, Interest Income Recognized	0	0
Interest Income Recognized	10	2
Home equity and consumer
Financing Receivable, Impaired [Line Items]
Loans without related allowance, Recorded Investment in Impaired Loans	0	0
Loans with related allowance, Recorded Investment in Impaired Loans	638	671
Recorded Investment in Impaired Loans	638	671
Loans without related allowance, Contractual Unpaid Principal Balance	0	0
Loans with related allowance, Contractual Unpaid Principal Balance	739	765
Contractual Unpaid Principal Balance	739	765
Specific Allowance	5	5
Loans without related allowance, Average Investment in Impaired Loans	0	0
Loans with related allowance, Average Investment in Impaired Loans	640	693
Average Investment in Impaired Loans	640	693
Loans without related allowance, Interest Income Recognized	0	0
Loans with related allowance, Interest Income Recognized	8	29
Interest Income Recognized	$ 8	$ 29

Loans and Other Real Estate -_4

Loans and Other Real Estate - Commercial Loan Portfolio (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 5,279,739	$ 5,097,820
Commercial, secured by real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	3,740,319	3,589,593
Commercial, secured by real estate | 1
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Commercial, secured by real estate | 2
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Commercial, secured by real estate | 3
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	73,368	74,072
Commercial, secured by real estate | 4
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	986,743	965,825
Commercial, secured by real estate | 5
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	2,329,762	2,332,863
Commercial, secured by real estate | 5W - Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	227,836	100,347
Commercial, secured by real estate | 6 - Other assets especially mentioned
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	59,250	55,438
Commercial, secured by real estate | 7 - Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	63,360	61,048
Commercial, secured by real estate | 8 - Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Commercial, secured by real estate | 9 - Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Commercial, industrial and other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	467,346	431,934
Commercial, industrial and other | 1
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	554	898
Commercial, industrial and other | 2
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	18,099	17,988
Commercial, industrial and other | 3
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	35,528	39,112
Commercial, industrial and other | 4
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	117,485	107,376
Commercial, industrial and other | 5
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	203,708	215,975
Commercial, industrial and other | 5W - Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	68,160	30,192
Commercial, industrial and other | 6 - Other assets especially mentioned
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	9,338	11,328
Commercial, industrial and other | 7 - Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	14,474	9,065
Commercial, industrial and other | 8 - Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Commercial, industrial and other | 9 - Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Real estate - construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	333,592	335,169
Real estate - construction | 1
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Real estate - construction | 2
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Real estate - construction | 3
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Real estate - construction | 4
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	17,899	17,941
Real estate - construction | 5
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	301,455	307,824
Real estate - construction | 5W - Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1,050	6,959
Real estate - construction | 6 - Other assets especially mentioned
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	11,472	0
Real estate - construction | 7 - Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1,716	2,445
Real estate - construction | 8 - Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Real estate - construction | 9 - Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Total Commercial Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4,541,257	4,356,696
Total Commercial Loans | 1
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	554	898
Total Commercial Loans | 2
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	18,099	17,988
Total Commercial Loans | 3
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	108,896	113,184
Total Commercial Loans | 4
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1,122,127	1,091,142
Total Commercial Loans | 5
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	2,834,925	2,856,662
Total Commercial Loans | 5W - Watch
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	297,046	137,498
Total Commercial Loans | 6 - Other assets especially mentioned
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	80,060	66,766
Total Commercial Loans | 7 - Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	79,550	72,558
Total Commercial Loans | 8 - Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Total Commercial Loans | 9 - Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 0	$ 0

Loans and Other Real Estate -_5

Loans and Other Real Estate - Activity in the Allowance for Loan and Lease Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 40,003	$ 37,688
Charge-offs	(483)	(516)
Recoveries	141	299
Provision	9,223	508
Ending Balance	48,884	37,979
Commercial, secured by real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	28,950	27,881
Charge-offs	(169)	(187)
Recoveries	26	115
Provision	5,986	(294)
Ending Balance	34,793	27,515
Commercial, industrial and other
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	3,289	1,742
Charge-offs	0	(147)
Recoveries	30	97
Provision	2,170	900
Ending Balance	5,489	2,592
Equipment finance
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	957	987
Charge-offs	(84)	(87)
Recoveries	14	2
Provision	370	45
Ending Balance	1,257	947
Real estate - residential mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,725	1,566
Charge-offs	(116)	(50)
Recoveries	20	9
Provision	(29)	39
Ending Balance	1,600	1,564
Real estate - construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	2,672	3,015
Charge-offs	0	0
Recoveries	32	5
Provision	640	(133)
Ending Balance	3,344	2,887
Home equity and consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	2,410	2,497
Charge-offs	(114)	(45)
Recoveries	19	71
Provision	86	(49)
Ending Balance	$ 2,401	$ 2,474

Loans and Other Real Estate -_6

Loans and Other Real Estate - Allowance for Loan and Lease Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total Loans	$ 5,331,863	$ 5,140,940
Ending Balance: Individually evaluated for impairment, related allowance	222	352
Ending Balance	48,884	40,003	$ 37,979	$ 37,688
Loans and Leases
Financing Receivable, Past Due [Line Items]
Ending Balance: Individually evaluated for impairment	31,934	22,124
Ending Balance: Collectively evaluated for impairment	5,291,895	5,110,068
Ending Balance: Loans acquired with deteriorated credit quality	8,034	8,748
Total Loans	5,331,863	5,140,940
Ending Balance: Individually evaluated for impairment, related allowance	222	352
Ending Balance: Collectively evaluated for impairment, related allowance	48,662	39,651
Ending Balance	48,884	40,003
Commercial, secured by real estate
Financing Receivable, Past Due [Line Items]
Total Loans	3,740,319	3,589,593
Ending Balance: Individually evaluated for impairment, related allowance	202	228
Ending Balance	34,793	28,950	27,515	27,881
Commercial, secured by real estate | Loans and Leases
Financing Receivable, Past Due [Line Items]
Ending Balance: Individually evaluated for impairment	26,968	15,948
Ending Balance: Collectively evaluated for impairment	3,707,925	3,567,540
Ending Balance: Loans acquired with deteriorated credit quality	5,426	6,105
Total Loans	3,740,319	3,589,593
Ending Balance: Individually evaluated for impairment, related allowance	202	228
Ending Balance: Collectively evaluated for impairment, related allowance	34,591	28,722
Ending Balance	34,793	28,950
Commercial, industrial and other
Financing Receivable, Past Due [Line Items]
Total Loans	467,346	431,934
Ending Balance: Individually evaluated for impairment, related allowance	5	5
Ending Balance	5,489	3,289	2,592	1,742
Commercial, industrial and other | Loans and Leases
Financing Receivable, Past Due [Line Items]
Ending Balance: Individually evaluated for impairment	1,436	1,504
Ending Balance: Collectively evaluated for impairment	465,016	429,486
Ending Balance: Loans acquired with deteriorated credit quality	894	944
Total Loans	467,346	431,934
Ending Balance: Individually evaluated for impairment, related allowance	5	5
Ending Balance: Collectively evaluated for impairment, related allowance	5,484	3,284
Ending Balance	5,489	3,289
Equipment finance
Financing Receivable, Past Due [Line Items]
Total Loans	116,421	111,076
Ending Balance: Individually evaluated for impairment, related allowance	8	10
Ending Balance	1,257	957	947	987
Equipment finance | Loans and Leases
Financing Receivable, Past Due [Line Items]
Ending Balance: Individually evaluated for impairment	19	23
Ending Balance: Collectively evaluated for impairment	116,402	111,053
Ending Balance: Loans acquired with deteriorated credit quality	0	0
Total Loans	116,421	111,076
Ending Balance: Individually evaluated for impairment, related allowance	8	10
Ending Balance: Collectively evaluated for impairment, related allowance	1,249	947
Ending Balance	1,257	957
Real estate - residential mortgage
Financing Receivable, Past Due [Line Items]
Total Loans	334,114	335,191
Ending Balance: Individually evaluated for impairment, related allowance	2	104
Ending Balance	1,600	1,725	1,564	1,566
Real estate - residential mortgage | Loans and Leases
Financing Receivable, Past Due [Line Items]
Ending Balance: Individually evaluated for impairment	2,179	2,315
Ending Balance: Collectively evaluated for impairment	331,534	332,486
Ending Balance: Loans acquired with deteriorated credit quality	401	390
Total Loans	334,114	335,191
Ending Balance: Individually evaluated for impairment, related allowance	2	104
Ending Balance: Collectively evaluated for impairment, related allowance	1,598	1,621
Ending Balance	1,600	1,725
Real estate - construction
Financing Receivable, Past Due [Line Items]
Total Loans	333,592	335,169
Ending Balance: Individually evaluated for impairment, related allowance	0	0
Ending Balance	3,344	2,672	2,887	3,015
Real estate - construction | Loans and Leases
Financing Receivable, Past Due [Line Items]
Ending Balance: Individually evaluated for impairment	694	1,663
Ending Balance: Collectively evaluated for impairment	332,101	332,722
Ending Balance: Loans acquired with deteriorated credit quality	797	784
Total Loans	333,592	335,169
Ending Balance: Individually evaluated for impairment, related allowance	0	0
Ending Balance: Collectively evaluated for impairment, related allowance	3,344	2,672
Ending Balance	3,344	2,672
Home equity and consumer
Financing Receivable, Past Due [Line Items]
Total Loans	340,071	337,977
Ending Balance: Individually evaluated for impairment, related allowance	5	5
Ending Balance	2,401	2,410	$ 2,474	$ 2,497
Home equity and consumer | Loans and Leases
Financing Receivable, Past Due [Line Items]
Ending Balance: Individually evaluated for impairment	638	671
Ending Balance: Collectively evaluated for impairment	338,917	336,781
Ending Balance: Loans acquired with deteriorated credit quality	516	525
Total Loans	340,071	337,977
Ending Balance: Individually evaluated for impairment, related allowance	5	5
Ending Balance: Collectively evaluated for impairment, related allowance	2,396	2,405
Ending Balance	$ 2,401	$ 2,410

Loans and Other Real Estate -_7

Loans and Other Real Estate - Summary of Restructured Loans within Previous 12 Months that have Subsequently Defaulted (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Contract	Mar. 31, 2019USD ($)Contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | Contract	2	0
Financing receivable, modifications, subsequent default, recorded investment | $	$ 83	$ 0
Home equity and consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | Contract	2	0
Financing receivable, modifications, subsequent default, recorded investment | $	$ 83	$ 0

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease liabilities	$ 19,126,000	$ 19,814,000
Operating lease right-of-use assets	$ 17,621,000	$ 18,282,000
Operating lease, weighted average remaining lease term	10 years 3 months
Lessee, operating lease, discount rate	3.52%
Operating lease, lease not yet commenced	$ 0

Leases - Schedule of Lease, Cos

Leases - Schedule of Lease, Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Operating lease cost	$ 828	$ 820
Short-term lease cost	0	0
Variable lease cost	32	35
Sublease income	(31)	(31)
Net lease cost	$ 829	$ 824

Leases - Other Information (Det

Leases - Other Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 689
Right-of-use asset obtained in exchange for new operating lease liabilities	$ 0

Leases - Maturity analysis of o

Leases - Maturity analysis of operating lease liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Within one year	$ 3,238
After one year but within three years	5,482
After three years but within five years	4,339
After 5 years	10,096
Total undiscounted cash flows	23,155
Discount on cash flows	(4,029)
Operating lease liabilities	$ 19,126	$ 19,814

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2016USD ($)Derivative
Derivative [Line Items]
Interest Expense	$ 13,678	$ 14,571
Estimated decrease in interest expense	105
Interest Rate Swaps
Derivative [Line Items]
Available for sale securities pledged for collateral	98,400		$ 30,000
Interest Rate Swaps | Cash Flow Hedging
Derivative [Line Items]
Number of derivatives | Derivative				2
Notional amount				$ 30,000
Average interest rate				1.10%
Interest Expense	$ 62	$ 124

Derivatives - Summary Informati

Derivatives - Summary Information Regarding Derivatives (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
3rd Party interest rate swaps
Classified in Other Assets:
Notional Amount		$ 85,796
Average Maturity (Years)		9 years
Weighted Average Fixed Rate		3.51%
Fair Value		$ 947
Interest rate		1.95%
Classified in Other Liabilities:
Notional Amount	$ 780,599	$ 473,273
Average Maturity (Years)	9 years 8 months 12 days	9 years 10 months 24 days
Weighted Average Fixed Rate	3.89%	4.32%
Other Liabilities, Fair Value	$ (91,277)	$ (25,905)
Interest rate	1.89%	1.93%
Customer interest rate swaps
Classified in Other Assets:
Notional Amount	$ 780,599	$ 473,273
Average Maturity (Years)	9 years 8 months 12 days	9 years 10 months 24 days
Weighted Average Fixed Rate	3.89%	4.32%
Fair Value	$ 91,277	$ 25,905
Interest rate	1.89%	1.93%
Classified in Other Liabilities:
Notional Amount		$ 85,796
Average Maturity (Years)		9 years
Weighted Average Fixed Rate		3.51%
Other Liabilities, Fair Value		$ (947)
Interest rate		1.95%
Interest Rate Swaps
Classified in Other Assets:
Notional Amount		$ 30,000
Average Maturity (Years)		1 year 6 months
Weighted Average Fixed Rate		1.10%
Fair Value		$ 271
Classified in Other Liabilities:
Notional Amount	$ 30,000
Average Maturity (Years)	1 year 3 months 18 days
Weighted Average Fixed Rate	1.10%
Other Liabilities, Fair Value	$ (207)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) $ in Thousands	1 Months Ended	3 Months Ended
	Jan. 31, 2019USD ($)	Mar. 31, 2020USD ($)reporting_unit	Dec. 31, 2019USD ($)	Jan. 04, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill		$ 156,277	$ 156,277	$ 19,800
Number of reporting units | reporting_unit		1
Core Deposits
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets		$ 4,000	$ 4,300
Finite-lived intangible assets acquired	$ 3,700

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense (Detail) $ in Thousands	Mar. 31, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 760
2021	868
2022	711
2023	554
2024	425
2025	$ 317

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Securities sold under agreements to repurchase	$ 39,100	$ 43,700
Advances from the FHLB	140,700	165,800
Repayments of debt	10,000
Securities Sold under Agreements to Repurchase
Debt Instrument [Line Items]
Pledged securities	39,800
Line of Credit
Debt Instrument [Line Items]
Overnight federal funds borrowed	20,000	85,000
Federal Home Loan Bank of New York | Line of Credit
Debt Instrument [Line Items]
Overnight borrowings	360,000	$ 200,000
Collateralized FHLB Advances
Debt Instrument [Line Items]
Long term debt prepayment fee	$ 356

Comprehensive Income - Componen

Comprehensive Income - Components of Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Before Tax Amount
Other comprehensive income, net	$ 8,976	$ 5,838
Tax Benefit (Expense)
Other comprehensive income, net	(2,283)	(1,689)
Net of Tax Amount
Other comprehensive income, net	6,693	4,149
Unrealized Gains (Losses) on Available for Sale Securities
Before Tax Amount
Net unrealized holding gains arising during period	9,796	6,109
Reclassification adjustment for net gains arising during the period	(342)	0
Other comprehensive income, net	9,454	6,109
Tax Benefit (Expense)
Net unrealized holding gains arising during period	(2,512)	(1,746)
Reclassification adjustment for net gains arising during the period	88	0
Other comprehensive income, net	(2,424)	(1,746)
Net of Tax Amount
Net unrealized holding gains arising during period	7,284	4,363
Reclassification adjustment for net gains arising during the period	(254)	0
Other comprehensive income, net	7,030	4,363
Unrealized Gains (Losses) on Derivatives
Before Tax Amount
Other comprehensive income, net	(478)	(271)
Tax Benefit (Expense)
Other comprehensive income, net	141	57
Net of Tax Amount
Other comprehensive income, net	$ (337)	$ (214)

Comprehensive Income - Summary

Comprehensive Income - Summary of Changes in Components of Other Comprehensive Income, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ 725,263	$ 623,739
Other comprehensive income (loss) before classifications	6,947	4,149
Amounts reclassified from accumulated other comprehensive income	(254)	0
Other comprehensive income	6,693	4,149
Balance at end of period	736,922	681,343
Unrealized Gains (Losses) on Available for Sale Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	1,936	(8,782)
Other comprehensive income (loss) before classifications	7,284	4,363
Amounts reclassified from accumulated other comprehensive income	(254)	0
Other comprehensive income	7,030	4,363
Balance at end of period	8,966	(4,419)
Unrealized Gains (Losses) on Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	317	903
Other comprehensive income (loss) before classifications	(337)	(214)
Amounts reclassified from accumulated other comprehensive income	0	0
Other comprehensive income	(337)	(214)
Balance at end of period	(20)	689
Pension Items
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(5)	41
Other comprehensive income (loss) before classifications	0	0
Amounts reclassified from accumulated other comprehensive income	0	0
Other comprehensive income	0	0
Balance at end of period	(5)	41
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	2,248	(7,838)
Other comprehensive income	6,693	4,149
Balance at end of period	$ 8,941	$ (3,689)

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 847,000	$ 696,000
Options granted (in shares)	0	0
Options exercised (in shares)	0	0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in usd per share)	$ 16.87
Granted (in shares)	13,041
Restricted Stock | 2018 Omnibus Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 54,000	$ 55,000
Unrecognized compensation cost	$ 166,000
Unrecognized compensation expense, period of recognition	9 months 14 days
Restricted Stock | 2018 Omnibus Equity Incentive Plan | Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	13,041	13,052
Granted (in usd per share)	$ 16.87	$ 15.96
Vesting period	1 year	1 year
Share-based compensation expense	$ 220,000	$ 208,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in usd per share)	$ 15.56
Unrecognized compensation cost	$ 4,100,000
Unrecognized compensation expense, period of recognition	1 year 10 months 17 days
Granted (in shares)	169,169
RSUs | 2018 Omnibus Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in usd per share)	$ 15.56	$ 16.66
Vesting period	3 years	3 years
Share-based compensation expense	$ 877,000	$ 708,000
Share-based compensation expense	$ 794,000	$ 640,000
Granted (in shares)	169,169	127,559
RSUs | 2018 Omnibus Equity Incentive Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years
RSUs | 2018 Omnibus Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 0

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Restricted Stock Activity (Detail)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Restricted Stock
Number of Shares
Balance at beginning of period (in shares) | shares	13,110
Granted (in shares) | shares	13,041
Vested (in shares) | shares	(13,052)
Balance at end of period (in shares) | shares	13,099
Weighted Average Price
Balance at beginning of period (in usd per share) | $ / shares	$ 15.93
Granted (in usd per share) | $ / shares	16.87
Vested (in usd per share) | $ / shares	15.96
Balance of end of period (in usd per share) | $ / shares	$ 16.83
RSUs
Number of Shares
Balance at beginning of period (in shares) | shares	300,629
Granted (in shares) | shares	169,169
Vested (in shares) | shares	(84,082)
Forfeited (in shares) | shares	(5,416)
Balance at end of period (in shares) | shares	380,300
Weighted Average Price
Balance at beginning of period (in usd per share) | $ / shares	$ 18.13
Granted (in usd per share) | $ / shares	15.56
Vested (in usd per share) | $ / shares	18.74
Forfeited (in usd per share) | $ / shares	18.45
Balance of end of period (in usd per share) | $ / shares	$ 16.85

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity under Stock Option Plans (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Number of Shares
Outstanding, beginning of period (in shares)	31,706
Granted (in shares)	0	0
Exercised (in shares)	0	0
Outstanding, end of period (in shares)	31,706
Options exercisable end of period (in shares)	31,706
Weighted Average Exercise Price
Outstanding, beginning of period (in usd per share)	$ 7.76
Granted (in usd per share)	0
Exercised (in usd per share)	0
Outstanding, end of period (in usd per share)	7.76
Options exercisable at end of period (in usd per share)	$ 7.76
Weighted Average Remaining Contractual Term (in years)
Outstanding	10 days	17 days
Options exercisable	10 days
Aggregate Intrinsic Value
Outstanding	$ 96,811		$ 305,120
Options exercisable, end of period	$ 96,811

Fair Value Measurement and fa_3

Fair Value Measurement and fair Value of Financial Instruments - Financial Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets:
Investment securities available for sale, at fair value	$ 813,090	$ 755,900
Equity securities, at fair value	16,902	16,473
U.S. Treasury and U.S. government agencies
Assets:
Investment securities available for sale, at fair value	157,341	135,647
Asset-backed securities
Assets:
Investment securities available for sale, at fair value	41,113	0
Obligations of states and political subdivisions
Assets:
Investment securities available for sale, at fair value	77,463	60,021
Fair Value, Measurements, Recurring
Assets:
Investment securities available for sale, at fair value	813,090	755,900
Equity securities, at fair value	16,902	16,473
Derivative assets	91,277	27,123
Total Assets	921,269	799,496
Liabilities:
Derivative liabilities	91,484	26,852
Total Liabilities	91,484	26,852
Fair Value, Measurements, Recurring | U.S. Treasury and U.S. government agencies
Assets:
Investment securities available for sale, at fair value	157,341	135,647
Fair Value, Measurements, Recurring | Mortgage-backed and asset-backed securities
Assets:
Investment securities available for sale, at fair value	528,059	551,064
Fair Value, Measurements, Recurring | Asset-backed securities
Assets:
Investment securities available for sale, at fair value	41,113
Fair Value, Measurements, Recurring | Obligations of states and political subdivisions
Assets:
Investment securities available for sale, at fair value	77,463	60,021
Fair Value, Measurements, Recurring | Debt securities
Assets:
Investment securities available for sale, at fair value	9,114	9,168
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Recurring
Assets:
Investment securities available for sale, at fair value	76,986	12,580
Equity securities, at fair value	915	1,735
Derivative assets	0	0
Total Assets	77,901	14,315
Liabilities:
Derivative liabilities	0	0
Total Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Recurring | U.S. Treasury and U.S. government agencies
Assets:
Investment securities available for sale, at fair value	76,986	12,580
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Recurring | Mortgage-backed and asset-backed securities
Assets:
Investment securities available for sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Recurring | Asset-backed securities
Assets:
Investment securities available for sale, at fair value	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Recurring | Obligations of states and political subdivisions
Assets:
Investment securities available for sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Recurring | Debt securities
Assets:
Investment securities available for sale, at fair value	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring
Assets:
Investment securities available for sale, at fair value	736,104	743,320
Equity securities, at fair value	15,987	14,738
Derivative assets	91,277	27,123
Total Assets	843,368	785,181
Liabilities:
Derivative liabilities	91,484	26,852
Total Liabilities	91,484	26,852
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring | U.S. Treasury and U.S. government agencies
Assets:
Investment securities available for sale, at fair value	80,355	123,067
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring | Mortgage-backed and asset-backed securities
Assets:
Investment securities available for sale, at fair value	528,059	551,064
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring | Asset-backed securities
Assets:
Investment securities available for sale, at fair value	41,113
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring | Obligations of states and political subdivisions
Assets:
Investment securities available for sale, at fair value	77,463	60,021
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring | Debt securities
Assets:
Investment securities available for sale, at fair value	9,114	9,168
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring
Assets:
Investment securities available for sale, at fair value	0	0
Equity securities, at fair value	0	0
Derivative assets	0	0
Total Assets	0	0
Liabilities:
Derivative liabilities	0	0
Total Liabilities	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring | U.S. Treasury and U.S. government agencies
Assets:
Investment securities available for sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring | Mortgage-backed and asset-backed securities
Assets:
Investment securities available for sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring | Asset-backed securities
Assets:
Investment securities available for sale, at fair value	0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring | Obligations of states and political subdivisions
Assets:
Investment securities available for sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring | Debt securities
Assets:
Investment securities available for sale, at fair value	$ 0	$ 0

Fair Value Measurement and fa_4

Fair Value Measurement and fair Value of Financial Instruments - Assets Measured on Non-recurring Basis (Detail) - Fair Value, Measurements, Non-recurring - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets:
Impaired loans	$ 4,680	$ 5,789
Loans held for sale	3,098	1,743
Other real estate owned and other repossessed assets	393	563
(Level 1)
Assets:
Impaired loans	0	0
Loans held for sale	0	0
Other real estate owned and other repossessed assets	0	0
(Level 2)
Assets:
Impaired loans	0	0
Loans held for sale	3,098	1,743
Other real estate owned and other repossessed assets	0	0
(Level 3)
Assets:
Impaired loans	4,680	5,789
Loans held for sale	0	0
Other real estate owned and other repossessed assets	$ 393	$ 563

Fair Value Measurement and fa_5

Fair Value Measurement and fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinate debt	$ 118,229	$ 118,220
Non-rated
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term municipal bond	75
Subordinate debt	$ 2,500
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	5.00%
Capitalization rates	4.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	11.00%
Capitalization rates	9.00%

Fair Value Measurement and fa_6

Fair Value Measurement and fair Value of Financial Instruments - Carrying Values and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial Assets:
Investment securities held to maturity, Carrying Value	$ 115,752	$ 123,975
Investment securities held to maturity, fair value	119,023	124,904
Federal Home Loan Bank and other membership bank stocks, Carrying Value	28,575	22,505
Federal Home Loan Bank and other membership bank stocks, Fair Value	28,575	22,505
Loans, net Carrying Value	5,279,739	5,097,820
Loans, net Fair Value	5,229,776	5,194,065
Financial Liabilities:
Certificates of deposit, Carrying value	1,084,046	870,804
Certificates of deposit, Fair Value	1,084,580	871,418
Other borrowings, Carrying value	140,715	165,816
Other borrowings, Fair Value	144,658	166,505
Subordinated debentures, Carrying Value	118,229	118,220
Subordinated debentures, Fair Value	112,272	117,992
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets:
Investment securities held to maturity, fair value	0	0
Federal Home Loan Bank and other membership bank stocks, Fair Value	0	0
Loans, net Fair Value	0	0
Financial Liabilities:
Certificates of deposit, Fair Value	0	0
Other borrowings, Fair Value	0	0
Subordinated debentures, Fair Value	0	0
Significant Other Observable Inputs (Level 2)
Financial Assets:
Investment securities held to maturity, fair value	116,448	121,503
Federal Home Loan Bank and other membership bank stocks, Fair Value	28,575	22,505
Loans, net Fair Value	0	0
Financial Liabilities:
Certificates of deposit, Fair Value	1,084,580	871,418
Other borrowings, Fair Value	144,658	166,505
Subordinated debentures, Fair Value	0	0
Significant Unobservable Inputs (Level 3)
Financial Assets:
Investment securities held to maturity, fair value	2,575	3,401
Federal Home Loan Bank and other membership bank stocks, Fair Value	0	0
Loans, net Fair Value	5,229,776	5,194,065
Financial Liabilities:
Certificates of deposit, Fair Value	0	0
Other borrowings, Fair Value	0	0
Subordinated debentures, Fair Value	$ 112,272	$ 117,992

Uncategorized Items - lbaiq1202

Label	Element	Value
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 623,864,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	125,000
Treasury Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	0
AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(7,838,000)
Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	514,703,000
Retained Earnings [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	116,999,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 125,000