Lakeland Bancorp (LBAI) 10-K 15 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 01, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	LBAI
Entity Registrant Name	LAKELAND BANCORP INC
Entity Central Index Key	846,901
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		41,234,664
Entity Public Float			$ 417,000,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash	$ 113,894	$ 102,549
Interest-bearing deposits due from banks	4,599	6,767
Total cash and cash equivalents	118,493	109,316
Investment securities, available for sale, at fair value	442,349	457,449
Investment securities, held to maturity, at amortized cost with fair value of $117,594 in 2015 and $109,030 in 2014	116,740	107,976
Federal Home Loan Bank and other membership stock, at cost	14,087	9,846
Loans held for sale	1,233	592
Loans, net of deferred costs (fees)	2,965,200	2,653,826
Less: allowance for loan and lease losses	30,874	30,684
Net loans	2,934,326	2,623,142
Premises and equipment-net	35,881	35,675
Accrued interest receivable	9,208	8,896
Goodwill	109,974	109,974
Other identifiable intangible assets	1,545	1,960
Bank owned life insurance	65,361	57,476
Other assets	20,353	16,023
TOTAL ASSETS	3,869,550	3,538,325
Deposits:
Noninterest bearing	693,741	646,052
Savings and interest-bearing transaction accounts	1,958,510	1,864,805
Time deposits under $100 thousand	164,886	165,625
Time deposits $100 thousand and over	178,435	114,337
Total deposits	2,995,572	2,790,819
Federal funds purchased and securities sold under agreements to repurchase	151,234	108,935
Other borrowings	271,905	202,498
Subordinated debentures	31,238	41,238
Other liabilities	19,085	15,397
TOTAL LIABILITIES	3,469,034	3,158,887
STOCKHOLDERS' EQUITY
Common stock, no par value; authorized 70,000,000 shares; issued shares, 37,906,481 at December 31, 2015 and 37,910,840 at December 31, 2014	386,287	384,731
Retained Earnings (Accumulated Deficit)	13,079	(6,816)
Accumulated other comprehensive income	1,150	1,523
TOTAL STOCKHOLDERS' EQUITY	400,516	379,438
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 3,869,550	$ 3,538,325

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Investment securities held to maturity; fair value	$ 117,594	$ 109,030
Common stock, par value
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	37,906,481	37,910,840

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
INTEREST INCOME
Loans, leases and fees	$ 115,295	$ 110,587	$ 104,329
Federal funds sold and interest-bearing deposits with banks	62	71	93
Taxable investment securities and other	10,563	10,040	7,985
Tax-exempt investment securities	1,594	1,805	1,792
TOTAL INTEREST INCOME	127,514	122,503	114,199
INTEREST EXPENSE
Deposits	5,755	5,064	6,089
Federal funds purchased and securities sold under agreements to repurchase	110	78	39
Other borrowings	5,009	3,795	3,529
TOTAL INTEREST EXPENSE	10,874	8,937	9,657
NET INTEREST INCOME	116,640	113,566	104,542
Provision for loan and lease losses	1,942	5,865	9,343
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	114,698	107,701	95,199
NONINTEREST INCOME
Service charges on deposit accounts	10,024	10,523	10,837
Commissions and fees	4,568	4,634	4,585
Income on bank owned life insurance	2,017	1,453	1,410
Gain on debt extinguishment	1,830		1,197
Gains on sales of loans	1,681	573	760
Gain on sales and calls of investment securities, net	241	2	839
Other income	800	537	1,333
TOTAL NONINTEREST INCOME	21,161	17,722	20,961
NONINTEREST EXPENSE
Salaries and employee benefits	48,640	45,167	41,871
Net occupancy expense	8,956	8,865	8,074
Furniture and equipment	6,930	6,605	6,181
FDIC insurance expense	2,086	2,019	2,014
Stationery, supplies and postage	1,529	1,403	1,482
Marketing expense	1,586	2,025	2,088
Data processing expense	1,524	1,245	1,466
Telecommunications expense	1,448	1,386	1,381
ATM and debit card expense	1,398	1,432	1,360
Core deposit intangible amortization	415	464	288
Other real estate and repossessed asset expense	181	234	24
Long-term debt prepayment fee	2,407		1,209
Merger related expenses	1,152		2,834
Other expenses	8,959	8,290	8,469
TOTAL NONINTEREST EXPENSE	87,211	79,135	78,741
Income before provision for income taxes	48,648	46,288	37,419
Provision for income taxes	16,167	15,159	12,450
NET INCOME	$ 32,481	$ 31,129	$ 24,969
PER SHARE OF COMMON STOCK:
Basic earnings	$ 0.85	$ 0.82	$ 0.71
Diluted earnings	0.85	0.82	0.71
Cash dividends	$ 0.33	$ 0.29	$ 0.27

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 32,481	$ 31,129	$ 24,969
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Unrealized securities (losses) gains during period	(220)	6,180	(8,690)
Less: reclassification for gains included in net income	157	2	509
Change in pension liability, net	4	20	588
Other Comprehensive Income (Loss)	(373)	6,198	(8,611)
TOTAL COMPREHENSIVE INCOME	$ 32,108	$ 37,327	$ 16,358

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Retained Earnings (Accumulated Deficit) [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
BALANCE at Dec. 31, 2012	$ 280,867	$ 303,794	$ (24,145)	$ (2,718)	$ 3,936
NET INCOME	24,969		24,969
Other comprehensive income (loss), net of tax	(8,611)				(8,611)
Stock based compensation	895	895
Issuance of restricted stock awards		(1,301)		1,301
Issuance of stock for acquisition	57,419	57,419
Issuance of stock options for acquisition	1,500	1,500
Issuance of stock to dividend reinvestment and stock purchase plan	186	458	(1,210)	938
Exercise of stock options, net of excess tax benefits	2,351	1,872		$ 479
Cash dividends, common stock	(8,152)		(8,152)
BALANCE at Dec. 31, 2013	351,424	364,637	(8,538)		(4,675)
NET INCOME	31,129		31,129
Other comprehensive income (loss), net of tax	6,198				6,198
Stock based compensation	1,390	1,390
Stock dividend		18,266	(18,266)
Issuance of stock to dividend reinvestment and stock purchase plan	77	382	(305)
Retirement of restricted stock	(104)	(104)
Exercise of stock options, net of excess tax benefits	160	160
Cash dividends, common stock	(10,836)		(10,836)
BALANCE at Dec. 31, 2014	379,438	384,731	(6,816)		1,523
NET INCOME	32,481		32,481
Other comprehensive income (loss), net of tax	(373)				(373)
Stock based compensation	1,605	1,605
Issuance of stock	22	22
Retirement of restricted stock	(254)	(254)
Exercise of stock options, net of excess tax benefits	183	183
Cash dividends, common stock	(12,586)		(12,586)
BALANCE at Dec. 31, 2015	$ 400,516	$ 386,287	$ 13,079		$ 1,150

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$ 32,481	$ 31,129	$ 24,969
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premiums, discounts and deferred loan fees and costs	4,151	3,456	4,787
Depreciation and amortization	3,410	3,454	3,625
Amortization of intangible assets	415	464	288
Provision for loan and lease losses	1,942	5,865	9,343
Stock based compensation	1,605	1,390	895
Loans originated for sale	(71,833)	(23,386)	(34,718)
Proceeds from sales of loans	72,873	24,573	36,804
Gains on securities	(241)	(2)	(839)
Gains on sales of loans held for sale	(1,681)	(573)	(760)
Gains on proceeds from bank owned life insurance policies	(435)
Gains on debt redemption and extinguishment	(1,830)		(1,197)
Gains on other real estate and other repossessed assets	(102)	(258)	(934)
Gain on sale of premises and equipment	(6)	(65)	(60)
Long-term debt prepayment penalty	2,407		1,209
Deferred tax (benefit) provision	(824)	(34)	164
(Increase) decrease in other assets	(5,257)	(879)	7,366
Increase in other liabilities	3,691	495	995
NET CASH PROVIDED BY OPERATING ACTIVITIES	40,766	45,629	50,728
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash acquired in acquisition			74,316
Proceeds from repayments on and maturity of securities:
Available for sale	71,368	55,810	70,779
Held to maturity	24,453	22,508	22,952
Proceeds from sales of securities:
Available for sale	33,613	15,719	64,020
Held to maturity		1,301
Purchase of securities:
Available for sale	(92,904)	(90,630)	(187,452)
Held to maturity	(33,811)	(30,556)	(19,603)
Net increase in Federal Home Loan Bank and other membership bank stock	(4,241)	(1,908)	(2,063)
Purchase of bank owned life insurance	(7,000)
Proceeds from bank owned life insurance policy	1,186
Net increase in loans and leases	(315,067)	(191,910)	(91,201)
Proceeds from sales of bank premises and equipment	696	118	463
Capital expenditures	(4,838)	(2,492)	(2,786)
Proceeds from sales of other real estate and other repossessed assets	1,608	1,484	4,509
NET CASH USED IN INVESTING ACTIVITIES	(324,937)	(220,556)	(66,066)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	204,854	81,783	26,540
Increase (decrease) in federal funds purchased and securities sold under agreements to repurchase	42,299	26,944	(35,298)
Proceeds from other borrowings	117,000	168,498	50,000
Repayments of other borrowings	(50,000)	(85,000)	(16,000)
Issuance of stock to Dividend Reinvestment and Stock Purchase Plan	22	77	186
Redemption of subordinated debentures, net	(8,170)		(9,113)
Exercise of stock options	124	90	2,209
Retirement of Restricted stock	(254)	(104)
Excess tax benefits	59	70	142
Dividends paid	(12,586)	(10,836)	(8,152)
NET CASH PROVIDED BY FINANCING ACTIVITIES	293,348	181,522	10,514
Net increase (decrease) in cash and cash equivalents	9,177	6,595	(4,824)
Cash and cash equivalents, beginning of year	109,316	102,721	107,545
CASH AND CASH EQUIVALENTS, END OF YEAR	118,493	109,316	102,721
Transfer of loans and leases receivable to other real estate owned and other repossessed assets	1,462	1,867	3,565
Cash paid for interest	10,770	8,882	10,804
Cash paid for income taxes	$ 16,737	$ 15,057	12,051
Somerset Hills Bancorp [Member]
Acquisition of Somerset Hills Bancorp:
Fair value for non-cash assets other than goodwill acquired in purchase transaction			275,287
Fair value for liabilities assumed in purchase transaction			313,546
Goodwill related to acquisition			22,862
Common stock issued and fair value of stock options converted to Lakeland Bancorp stock options			$ 58,919

Summary of Accounting Policies

Summary of Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Accounting Policies	NOTE 1 - SUMMARY OF ACCOUNTING POLICIES Lakeland Bancorp, Inc. (the Company) is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary, Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services and, as a state bank, is subject to regulation by the New Jersey Department of Banking and Insurance. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located primarily in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities. Lakeland operates as a commercial bank offering a wide variety of commercial loans and leases and, to a lesser degree, consumer credits. Its primary strategic aim is to establish a reputation and market presence as the “small and middle market business bank” in its principal markets. Lakeland funds its loans primarily by offering time, savings and money market, and demand deposit accounts to both commercial enterprises and individuals. Additionally, it originates residential mortgage loans, and services such loans which are owned by other investors. Lakeland also has an equipment finance division which provides equipment lease financing primarily to small and medium sized business clients and an asset based lending department which specializes in utilizing particular assets to fund the working capital needs of borrowers. The Company and Lakeland are subject to regulations of certain state and federal agencies and, accordingly, are periodically examined by those regulatory authorities. As a consequence of the extensive regulation of commercial banking activities, Lakeland’s business is particularly susceptible to being affected by state and federal legislation and regulations. Basis of Financial Statement Presentation The accounting and reporting policies of the Company and its subsidiaries conform with accounting principles generally accepted in the United States of America (U.S. GAAP) and predominant practices within the banking industry. The consolidated financial statements include the accounts of the Company, Lakeland, Lakeland NJ Investment Corp., Lakeland Investment Corp., Lakeland Equity, Inc., Lakeland Preferred Equity, Inc. and Sullivan Financial Services, Inc. All intercompany balances and transactions have been eliminated. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions also affect reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates implicit in these financial statements are as follows. The principal estimates that are particularly susceptible to significant change in the near term relate to the allowance for loan and lease losses, the valuation of the Company’s investment securities portfolio, the realizability of the Company’s deferred tax asset and the analysis of goodwill and intangible impairment. The policies regarding these estimates are discussed below. The Company’s operating segments are components of its enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker is its Chief Executive Officer. All of the Company’s financial services activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, commercial lending is dependent upon the ability of Lakeland to fund itself with retail deposits and other borrowings and to manage interest rate and credit risk. The situation is also similar for consumer and residential mortgage lending. Moreover, the Company primarily operates in one market area, 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. Accordingly, the Company has determined that it has one operating segment and thus one reporting segment. Cash and Due from Banks Cash and cash equivalents are defined as cash on hand, cash items in the process of collection, amounts due from banks and federal funds sold with an original maturity of three months or less. A portion of Lakeland’s cash on hand and on deposit with the Federal Reserve Bank was required to meet regulatory reserve and clearing requirements. Investment Securities Investment securities are classified in one of three categories: held to maturity, trading, or available for sale. Investments in debt securities, for which management has both the ability and intent to hold to maturity, are carried at cost, adjusted for the amortization of premiums and accretion of discounts computed by the effective interest method. Investments in debt and equity securities, which management believes may be sold prior to maturity due to changes in interest rates, prepayment risk, liquidity requirements, or other factors, are classified as available for sale. Net unrealized gains and losses for such securities, net of tax effect, are reported as other comprehensive income (loss) and excluded from the determination of net income. The Company does not engage in securities trading. Gains or losses on disposition of investment securities are based on the net proceeds and the adjusted carrying amount of the securities sold using the specific identification method. Losses are recorded through the statement of income when the impairment is considered other-than-temporary, even if a decision to sell has not been made. The Company evaluates its portfolio for impairment each quarter. In estimating other-than-temporary losses, the Company considers the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and whether the Company is more likely than not to sell the security before recovery of its cost basis. If a security has been impaired for more than twelve months, and the impairment is deemed other-than-temporary, a write down will occur in that quarter. If a loss is deemed to be other-than-temporary, it is recognized as a realized loss in the income statement with the security assigned a new cost basis. If the Company intends to sell an impaired security, the Company records an other-than-temporary loss in an amount equal to the entire difference between the fair value and amortized cost. If a security is determined to be other-than-temporarily impaired, but the Company does not intend to sell the security, only the credit portion of the estimated loss is recognized in earnings in gain (loss) on securities, with the other portion of the loss recognized in other comprehensive income. If a determination is made that an equity security is other-than-temporarily impaired, the unrealized loss will be recognized as an other-than-temporary impairment charge in non-interest income as a component of gain (loss) on investment securities. Loans and Leases and Allowance for Loan and Lease Losses Loans and leases that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal and are net of unearned discount, unearned loan fees and an allowance for loan and lease losses. Interest income is accrued as earned on a simple interest basis. All unamortized fees and costs related to the loan are amortized over the life of the loan using the interest method. Accrual of interest is discontinued on a loan or lease when management believes, after considering economic and business conditions and collection efforts, that the borrower’s financial condition is such that full collection of interest and principal is doubtful. When a loan or lease is placed on such non-accrual status, all accumulated accrued interest receivable is reversed out of current period income. Commercial loans and leases are placed on a non-accrual status with all accrued interest and unpaid interest reversed if (a) because of the deterioration in the financial position of the borrower they are maintained on a cash basis (which means payments are applied when and as received rather than on a regularly scheduled basis), (b) payment in full of interest or principal is not expected, or (c) principal and interest have been in default for a period of 90 days or more unless the obligation is both well-secured and in process of collection. Residential mortgage loans are placed on non-accrual status at the time principal and interest have been in default for a period of 90 days or more, except where there exists sufficient collateral to cover the defaulted principal and interest payments, and management’s knowledge of the specific circumstances warrant continued accrual. Consumer loans are generally placed on non-accrual and reviewed for charge-off when principal and interest payments are four months in arrears unless the obligations are well-secured and in the process of collection. Interest thereafter on such charged-off consumer loans is taken into income when received only after full recovery of principal. As a general rule, a non-accrual asset may be restored to accrual status when none of its principal or interest is due and unpaid, satisfactory payments have been received for a sustained period (usually six months), or when it otherwise becomes well-secured and in the process of collection. Loans and leases are considered impaired when, based on current information and events, it is probable that Lakeland will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. Impairment is measured based on the present value of expected cash flows discounted at the loan’s effective interest rate, or as a practical expedient, Lakeland may measure impairment based on a loan’s observable market price, or the fair value of the collateral, less estimated costs to sell, if the loan is collateral-dependent. Regardless of the measurement method, Lakeland measures impairment based on the fair value of the collateral when it is determined that foreclosure is probable. Most of Lakeland’s impaired loans are collateral-dependent. Lakeland groups impaired commercial loans under $500,000 into a homogeneous pool and collectively evaluates them. Interest received on impaired loans and leases may be recorded as interest income. However, if management is not reasonably certain that an impaired loan and lease will be repaid in full, or if a specific time frame to resolve full collection cannot yet be reasonably determined, all payments received are recorded as reductions of principal. Loans are classified as troubled debt restructured loans 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, an extended moratorium of principal payments and/or an extension of the maturity date at a stated interest rate lower than the current market rate for a new loan with similar risk. Nonetheless, restructured loans are classified as impaired loans. If an obligation has been restructured, it will continue to be classified as restructured until the obligation is fully repaid or until it meets all of the following criteria: 1) the borrower is no longer experiencing financial difficulties, 2) the rate is not less than the rate provided for similar credit risk, 3) other terms are no less favorable than similar new debt and 4) no concessions were granted (any prior principal forgiveness is deemed to be an ongoing concession). The allowance for loan and lease losses is established through a provision for loan and lease losses charged to expense. Loan principal considered to be uncollectible by management is charged against the allowance for loan and lease losses. The allowance is an amount that management believes will be adequate to absorb losses on existing loans and leases that may become uncollectible based upon an evaluation of known and inherent risks in the loan and lease portfolio. The evaluation takes into consideration such factors as changes in the nature and size of the loan and lease portfolio, overall portfolio quality, specific problem loans and leases, and current economic conditions which may affect the borrowers’ ability to pay. The evaluation also analyzes historical losses by loan and lease category, and considers the resulting loss rates when determining the reserves on current loan and lease total amounts. Additionally, management assesses the loss emergence period for each loan segment and adjusts each historical loss factor accordingly. The loss emergence period is the estimated time from the date of a loss event (such as a personal bankruptcy) to the actual recognition of the loss (typically via the first full or partial loan charge-off), and is determined based upon a study of our past loss experience by loan segment. Loss reserves for specified problem loans and leases are also detailed. All of the factors considered in the analysis of the adequacy of the allowance for loan and lease losses may be subject to change. To the extent actual outcomes differ from management estimates, additional provisions for loan and lease losses may be required that would adversely impact earnings in future periods. The determination of the adequacy of the allowance for loan and lease losses and the periodic provisioning for estimated losses included in the consolidated financial statements is the responsibility of management and the Board of Directors. The evaluation process is undertaken on a quarterly basis. Methodology employed for assessing the adequacy of the allowance consists of the following criteria: • The establishment of reserve amounts for all specifically identified classified loans and leases that have been designated as requiring attention by Lakeland. • The establishment of reserves for pools of homogeneous types of loans and leases not subject to specific review, including impaired loans under $500,000, leases, 1 – 4 family residential mortgages, and consumer loans. • The establishment of reserve amounts for the unimpaired loans and leases in each portfolio based upon the historical average loss experience as modified by management’s assessment of the loss emergence period for these portfolios and management’s evaluation of key factors. Consideration is given to the results of ongoing credit quality monitoring processes, the adequacy and expertise of Lakeland’s lending staff, underwriting policies, loss histories, delinquency trends, and the cyclical nature of economic and business conditions. Since many of Lakeland’s loans depend on the sufficiency of collateral as a secondary source of repayment, any adverse trend in the real estate markets could affect underlying values available to protect Lakeland from loss. A loan that management designates as impaired is reviewed for charge-off when it is placed on non-accrual status with a resulting charge-off if the loan is not secured by collateral having sufficient liquidation value to repay the loan, and the loan is not in the process of collection. Charge-offs are recommended by the Chief Credit Officer and approved by the Board. Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or estimated fair value. Gains and losses on sales of loans are specifically identified and accounted for in accordance with U.S. GAAP which requires that an entity engaged in mortgage banking activities classify the retained mortgage-backed security or other interest, which resulted from the securitization of a mortgage loan held for sale, based upon its ability and intent to sell or hold these investments. Bank Premises and Equipment Bank premises and equipment, including leasehold improvements, are stated at cost less accumulated depreciation. Depreciation expense is computed on the straight-line method over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of the estimated useful lives of the improvements or the terms of the related leases. Other Real Estate Owned and Other Repossessed Assets 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. Costs relating to holding the assets are charged to expense. An allowance for OREO or other repossessed assets is established, through charges to expense, to maintain properties at fair value less estimated costs to sell. Operating results of OREO and other repossessed assets, including rental income and operating expenses, are included in other expenses. Mortgage Servicing Lakeland performs various servicing functions on loans owned by others. A fee, usually based on a percentage of the outstanding principal balance of the loan, is received for these services. At December 31, 2015 and 2014, Lakeland was servicing approximately $30.0 million and $33.9 million, respectively, of loans for others. Lakeland originates certain mortgages under a definitive plan to sell or securitize those loans and service the loans owned by the investor. Upon the transfer of the mortgage loans in a sale or a securitization, Lakeland records the servicing assets retained. Lakeland records mortgage servicing rights and the loans based on relative fair values at the date of origination and evaluates the mortgage servicing rights for impairment at each reporting period. Lakeland also originates loans that it sells to other banks and investors and does not retain the servicing rights. Mortgage Servicing Rights When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. As of December 31, 2015 and 2014, Lakeland had originated mortgage servicing rights of $167,000 and $217,000, respectively. Under the amortization measurement method, Lakeland subsequently measures servicing rights at fair value at each reporting date and records any impairment in value of servicing assets in earnings in the period in which the impairment occurs. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Servicing fee income, which is reported on the income statement as commissions and fees, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan, and are recorded as income when earned. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, put presumptively beyond the reach of the transferor and its creditors even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Customer Derivatives Lakeland enters into interest rate swaps (“swaps”) with loan customers to provide a facility to mitigate the fluctuations in the variable rate on the respective loans. These swaps are matched in offsetting terms to swaps that Lakeland enters into with an outside third party. The swaps are reported at fair value in other assets or other liabilities. Lakeland’s swaps qualify as derivatives, but are not designated as hedging instruments, thus any net gain or loss resulting from changes in the fair value is recognized in other non-interest income. Further discussion of Lakeland’s financial derivatives is set forth in Note 18 to the Consolidated Financial Statements. The credit risk associated with derivatives executed with customers is similar as that involved in extending loans and is subject to normal credit policies. Collateral may be obtained based on management’s assessment of the customer. The positions of customer derivatives are recorded at fair value and changes in value are included in non-interest income on the consolidated statement of income. Earnings Per Share Earnings per share is calculated on the basis of the weighted average number of common shares outstanding during the year. Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Unless otherwise indicated, all weighted average, actual shares or per share information in the financial statements have been adjusted retroactively for the effect of stock dividends. Employee Benefit Plans The Company has certain employee benefit plans covering substantially all employees. The Company accrues such costs as incurred. We recognize the overfunded or underfunded status of pension and postretirement benefit plans in accordance with U.S. GAAP. Actuarial gains and losses, prior service costs or credits, and any remaining transition assets or obligations are recognized as a component of Accumulated Other Comprehensive Income, net of tax effects, until they are amortized as a component of net periodic benefit cost. Stock-Based Compensation The Company’s shareholders approved the 2009 Equity Compensation Program, which authorizes the granting of incentive stock options, supplemental stock options, restricted shares and restricted stock units to employees of the Company, including those employees serving as officers and directors of the Company. The plan authorizes the issuance of up to 2.3 million shares in connection with options and awards granted under the 2009 program. The Company’s stock option grants under this plan expire 10 years from the date of grant, ninety days after termination of service other than for cause, or one year after death or disability of the grantee. In 2014, the Company began issuing restricted stock units (RSUs), some of which have performance conditions attached to them. The Company generally issues shares for option exercises from its treasury stock using the cost method or issues new shares if no treasury shares are available. The Company established the 2000 Equity Compensation Program which authorizes the granting of incentive stock options, supplemental stock options and restricted stock to employees of the Company, which includes those employees serving as officers and directors of the Company. The plan authorized 2,613,185 shares of common stock of the Company. All of the Company’s stock option grants expire 10 years from the date of grant, thirty days after termination of service other than for cause, or one year after death or disability of the grantee. The Company has no option or restricted stock awards with market or performance conditions attached to them under the 2000 Equity Compensation Program. No further awards will be granted from the 2000 program. Comprehensive Income (Loss) The Company reports comprehensive income (loss) in addition to net income (loss) from operations. Comprehensive income (loss) is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Goodwill and Other Identifiable Intangible Assets The Company reviews goodwill for impairment annually as of November 30 or when circumstances indicate a potential for impairment at the reporting unit level. U.S. GAAP requires at least an annual review of the fair value of a Reporting Unit that has goodwill in order to determine if it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If this qualitative test determines it is unlikely (less than 50% probability) the carrying value of the Reporting Unit is less than its fair value, then the company does not have to perform a Step One impairment test. If the probability is greater than 50%, a Step One goodwill impairment test is required. The Step One test compares the fair value of each reporting unit to the carrying value of its net assets, including goodwill. If the fair value is less than carrying value, the Step Two test is required. The Company has determined that it has one reporting unit, Community Banking. The Company performed a qualitative analysis to determine whether “the weight of evidence, the significance of all identified events and circumstances” indicated a greater than 50% likelihood existed that the carrying value of the Reporting Unit exceeded its fair value and if a Step One Test would be required. The Company identified nine qualitative assessments that are relative to the banking industry and to the Company. These factors included macroeconomic factors, banking industry conditions, banking merger and acquisition trends, Lakeland’s historical performance, the Company’s stock price, the expected performance of Lakeland, the change of control premium of the Company versus its peers and other miscellaneous factors. After reviewing and weighting these factors, the Company, as well as a third party adviser, determined as of November 30, 2015 that there was a less than 50% probability that the fair value of the Company was less than its carrying amount. Therefore, no Step One test was required. Bank Owned Life Insurance Lakeland invests in bank owned life insurance (“BOLI”). BOLI involves the purchasing of life insurance by Lakeland on a chosen group of employees. Lakeland is owner and beneficiary of the policies. At December 31, 2015 and 2014, Lakeland had $65.4 million and $57.5 million, respectively, in BOLI. Income earned on BOLI was $2.0 million, $1.5 million and $1.4 million for the years ended December 31, 2015, 2014 and 2013, respectively. BOLI is accounted for using the cash surrender value method and is recorded at its net realizable value. Income Taxes The Company accounts for income taxes under the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that will be in effect when these differences reverse. Deferred tax expense is the result of changes in deferred tax assets and liabilities. The principal types of differences between assets and liabilities for financial statement and tax return purposes are allowance for loan and lease losses, core deposit intangibles, deferred loan fees and deferred compensation. The Company evaluates tax positions that may be uncertain using a recognition threshold of more-likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. Additional information regarding the Company’s uncertain tax positions is set forth in Note 9 to the Consolidated Financial Statements. Variable Interest Entities Management has determined that Lakeland Bancorp Capital Trust II and Lakeland Bancorp Capital Trust IV (collectively, “the Trusts”) qualify as variable interest entities. The Trusts issued mandatorily redeemable preferred stock to investors and loaned the proceeds to the Company. The Trusts hold, as their sole asset, subordinated debentures issued by the Company. The Company is not considered the primary beneficiary of the Trusts, therefore the Trusts are not consolidated in the Company’s financial statements. The Company’s maximum exposure to the Trusts is $30 million at December 31, 2015 which is the Company’s liability to the Trusts and includes the Company’s investment in the Trusts. The Federal Reserve has issued guidance on the regulatory capital treatment for the trust preferred securities issued by the Trusts. The rule retains the current maximum percentage of total capital permitted for trust preferred securities at 25%, but enacts other changes to the rules governing trust preferred securities that affect their use as part of the collection of entities known as “restricted core capital elements.” The rule allows bank holding companies to continue to count trust preferred securities as Tier 1 Capital. The Company’s capital ratios continue to be categorized as “well-capitalized” under the regulatory framework for prompt corrective action. Under the Collins Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act, any new issuance of trust preferred securities by the Company would not be eligible as regulatory capital. New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued accounting guidance that requires all lessees to recognize a lease liability and a right-of-use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that reporting period, with early adoption permitted. A modified retrospective approach must be applied for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is currently assessing the impact that the guidance will have on the Company’s consolidated financial statements. In January 2016, the FASB issued an accounting standards update intended to improve the recognition and measurement of financial instruments. Specifically, the accounting standards update requires all equity instruments, with the exception of those that are accounted for under the equity method of accounting, to be measured at fair value with changes in the fair value recognized through net income. Additionally, public business entities are required to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This amendment is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. In September 2015, the FASB issued an accounting standards update simplifying the accounting for adjustments made to provisional amounts recognized in a business combination, eliminating the requirement to retrospectively account for those adjustments. To simplify the accounting for adjustments made to provisional amounts, the amendments in the accounting standards update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. T

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Acquisitions	NOTE 2 - ACQUISITIONS Harmony Bank Lakeland Bancorp, Lakeland Bank and Harmony Bank signed a merger agreement on February 17, 2016, pursuant to which Harmony Bank will be merged with and into Lakeland Bank, with Lakeland Bank as the surviving bank. The merger agreement provides that shareholders of Harmony Bank will receive 1.25 shares of Lakeland Bancorp common stock for each share of Harmony Bank common stock that they own at the effective time of the merger. Lakeland Bancorp expects to issue an aggregate of approximately 3.0 million shares of its common stock in the merger and will cash out Harmony Bank options that remain outstanding at the effective time of the merger. The closing of the merger is subject to receipt of approvals from regulators, approval of the merger by Harmony Bank’s shareholders and other customary conditions. Harmony Bank, a New Jersey state-chartered commercial bank that focuses on serving consumers and small-to-medium-size businesses, is headquartered in Jackson, New Jersey, with additional branch offices in Lakewood and Toms River, New Jersey. As of December 31, 2015, Harmony Bank had total assets, total loans, total deposits and total stockholders’ equity of $295 million, $241 million, $257 million and $28 million, respectively. Pascack Bancorp On January 7, 2016, the Company completed its acquisition of Pascack Bancorp, Inc. (“Pascack”), a bank holding company headquartered in Waldwick, New Jersey. Pascack was the parent of Pascack Community Bank. This acquisition enables the Company to broaden its presence in Bergen and Essex counties. Effective as of the close of business on January 7, 2016, Pascack merged into the Company, and Pascack Community Bank merged into Lakeland Bank. The Merger Agreement provided that the shareholders of Pascack would receive, at their election, for each outstanding share of Pascack common stock that they own at the effective time of the merger, either 0.9576 shares of Lakeland Bancorp common stock or $11.35 in cash, subject to proration as described in the Merger Agreement, so that 90% of the aggregate merger consideration was shares of Lakeland Bancorp common stock and 10% was cash. Lakeland Bancorp issued an aggregate of 3,314,452 shares of its common stock in the merger and paid approximately $4.4 million in cash excluding the cash paid in connection with the cancellation of Pascack stock options. Outstanding Pascack stock options were paid out in cash at the difference between $11.35 and an average strike price of $7.37 for a total cash payment of $122,000. As of January 7, 2016, Pascack had total assets, total loans, total deposits and total capital of $386 million, $320 million, $303 million and $23 million, respectively. The acquisition was accounted for under the acquisition method of accounting and accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at their estimated fair values as of the acquisition date. Pascack’s assets were recorded at their preliminary estimated fair values as of January 7, 2016 and Pascack’s results of operations will be included in the Company’s Consolidated Statements of Income from that date forward. Direct costs related to the acquisition were expensed as incurred. During 2015, the Company incurred $1.2 million, of merger and acquisition integration-related expenses, which have been separately reflected in the Company’s Consolidated Statements of Income. Somerset Hills Bancorp On May 31, 2013, the Company completed its acquisition of Somerset Hills Bancorp (“Somerset Hills”), a bank holding company headquartered in Bernardsville, New Jersey. Somerset Hills was the parent company of Somerset Hills Bank, Sullivan Financial Services, and Somerset Hills Investment Holdings. This acquisition enabled the Company to expand into Somerset and Union Counties and to broaden its presence in Morris County. The acquisition was accounted for under the acquisition method of accounting and accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at their estimated fair values as of the acquisition date. Somerset Hills’ assets were recorded at their preliminary estimated fair values as of May 31, 2013 and Somerset Hills’ results of operations have been included in the Company’s Consolidated Statements of Income since that date.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 3 - 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 securities are as follows: AVAILABLE FOR SALE December 31, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value (in thousands) (in thousands) U.S. treasury and U.S. government agencies $ 97,617 $ 190 $ (674 ) $ 97,133 $ 94,466 $ 261 $ (807 ) $ 93,920 Mortgage-backed securities, residential 280,018 1,717 (2,283 ) 279,452 309,162 2,868 (2,075 ) 309,955 Mortgage-backed securities, multifamily 10,249 — (129 ) 10,120 4,973 3 — 4,976 Obligations of states and political subdivisions 35,639 910 (51 ) 36,498 29,764 888 (133 ) 30,519 Other debt securities 498 3 — 501 494 11 — 505 Equity securities 16,550 2,393 (298 ) 18,645 16,196 1,589 (211 ) 17,574 $ 440,571 $ 5,213 $ (3,435 ) $ 442,349 $ 455,055 $ 5,620 $ (3,226 ) $ 457,449 HELD TO MATURITY December 31, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value (in thousands) (in thousands) U.S. government agencies $ 30,477 $ 289 $ (94 ) $ 30,672 $ 20,477 $ 232 $ (84 ) $ 20,625 Mortgage-backed securities, residential 36,466 411 (426 ) 36,451 42,309 645 (385 ) 42,569 Mortgage-backed securities, multifamily 2,159 — (60 ) 2,099 2,259 — (60 ) 2,199 Obligations of states and political subdivisions 45,617 809 (156 ) 46,270 41,401 658 (90 ) 41,969 Other debt securities 2,021 81 — 2,102 1,530 138 — 1,668 $ 116,740 $ 1,590 $ (736 ) $ 117,594 $ 107,976 $ 1,673 $ (619 ) $ 109,030 The following table lists contractual maturities of investment securities classified as available for sale and held to maturity. 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. December 31, 2015 Available for Sale Held to Maturity Amortized Fair Value Amortized Fair Value (in thousands) Due in one year or less $ 3,180 $ 3,214 $ 6,407 $ 6,407 Due after one year through five years 75,011 75,301 18,478 18,732 Due after five years through ten years 51,464 51,477 45,734 46,296 Due after ten years 4,099 4,140 7,496 7,609 133,754 134,132 78,115 79,044 Mortgage-backed securities 290,267 289,572 38,625 38,550 Equity securities 16,550 18,645 — — Total securities $ 440,571 $ 442,349 $ 116,740 $ 117,594 The following table shows proceeds from sales of securities, gross gains and gross losses on sales and calls of securities for the periods indicated: Years ended December 31, 2015 2014 2013 (in thousands) Sale proceeds $ 33,613 $ 17,020 $ 64,020 Gross gains 304 346 893 Gross losses (63 ) (344 ) (54 ) The above sales in 2014 include sales of $1.4 million in held to maturity mortgage-backed securities of which the Company had already collected over 90% of the principal outstanding. The Company realized $73,000 in gains on sales of these securities. 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 $347.7 million and $356.1 million at December 31, 2015 and 2014, respectively, were pledged to secure public deposits and for other purposes required by applicable laws and regulations. The following table indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2015 and 2014: December 31, 2015 Less than 12 months 12 months or longer Total Fair value Unrealized Fair Unrealized Number of Fair value Unrealized (dollars in thousands) AVAILABLE FOR SALE U.S. treasury and $ 80,192 $ 674 $ — $ — 16 $ 80,192 $ 674 Mortgage-backed securities, residential 103,749 1,043 50,095 1,240 50 153,844 2,283 Mortgage-backed securities, multifamily 10,120 129 — — 2 10,120 129 Obligations of states and political subdivisions 2,051 4 1,466 47 7 3,517 51 Equity securities 247 24 4,643 274 3 4,890 298 $ 196,359 $ 1,874 $ 56,204 $ 1,561 78 $ 252,563 $ 3,435 HELD TO MATURITY U.S. government agencies $ 15,683 $ 94 $ — $ — 3 $ 15,683 $ 94 Mortgage-backed securities, residential 20,283 262 6,687 164 11 26,970 426 Mortgage-backed securities, multifamily 1,223 18 876 42 2 2,099 60 Obligations of states and political subdivisions 9,181 149 2,043 7 15 11,224 156 $ 46,370 $ 523 $ 9,606 $ 213 31 $ 55,976 $ 736 December 31, 2014 Less than 12 months 12 months or longer Total Fair Unrealized Fair value Unrealized Number of Fair value Unrealized (dollars in thousands) AVAILABLE FOR SALE U.S. treasury and $ 5,057 $ 28 $ 46,135 $ 779 11 $ 51,192 $ 807 Mortgage-backed securities, residential 34,832 177 74,414 1,898 28 109,246 2,075 Obligations of states and political subdivisions 1,266 29 5,033 104 12 6,299 133 Equity securities — — 4,819 211 2 4,819 211 $ 41,155 $ 234 $ 130,401 $ 2,992 53 $ 171,556 $ 3,226 HELD TO MATURITY U.S. government agencies $ — $ — $ 5,736 $ 84 1 $ 5,736 $ 84 Mortgage-backed securities, residential 6,236 50 17,557 335 8 23,793 385 Mortgage-backed securities, multifamily — — 2,199 60 2 2,199 60 Obligations of states and political subdivisions 1,290 7 4,206 83 13 5,496 90 $ 7,526 $ 57 $ 29,698 $ 562 24 $ 37,224 $ 619 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 an additional analysis is required, management will perform a discounted cash flow analysis evaluating the security. As of December 31, 2015, the equity securities include investments in other financial institutions for market appreciation purposes. These equities had a purchase price of $2.7 million and market value of $5.1 million as of December 31, 2015. As of December 31, 2015, equity securities also included $13.6 million in investment funds that do not have a quoted market price but use net asset value per share or its equivalent to measure fair value. The investment funds include $2.9 million in funds 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 within 60 days notice at the net asset value less unpaid management fees with the approval of the fund manager. As of December 31, 2015, the net amortized cost equaled the market value of the investment. There are no unfunded commitments related to this investment. The investment funds also include $10.7 million in funds that are invested in government guaranteed loans, mortgage-backed securities, small business loans and other instruments supporting affordable housing and economic development. 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. As of December 31, 2015, the amortized cost of these securities was $11.0 million and the fair value was $10.7 million. 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 this investment.

Loans and Leases and Other Real

Loans and Leases and Other Real Estate	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Loans and Leases and Other Real Estate	NOTE 4 – LOANS AND LEASES AND OTHER REAL ESTATE The following sets forth the composition of Lakeland’s loan and lease portfolio for the years ended December 31, 2015 and 2014: December 31, 2015 2014 (in thousands) Commercial, secured by real estate $ 1,761,589 $ 1,529,761 Commercial, industrial and other 307,044 238,252 Leases 56,660 54,749 Real estate-residential mortgage 389,692 431,190 Real estate-construction 118,070 64,020 Home equity and consumer 334,891 337,642 Total loans and leases 2,967,946 2,655,614 Less deferred fees (2,746 ) (1,788 ) Loans and leases, net of deferred fees $ 2,965,200 $ 2,653,826 As of December 31, 2015 and 2014, Home Equity and Consumer loans included overdraft deposit balances of $705,000 and $791,000, respectively. At December 31, 2015 and December 31, 2014, Lakeland had $738.7 million and $338.5 million in residential loans pledged for potential borrowings at the Federal Home Loan Bank of New York (FHLB). Purchased Credit-Impaired (“PCI”) loans, are loans acquired at a discount that is due, in part, to credit quality. In conjunction with the Somerset Hills acquisition, three loan relationships totaling $1.6 million were deemed to be PCI loans at May 31, 2013 (the “acquisition date”). PCI loans are accounted for in accordance with ASC Subtopic 310-30 and are initially recorded at fair value (as determined by the present value of expected future cash flows) with no valuation allowance (i.e., allowance for loan losses). Subsequent to the acquisition date, one PCI loan for $149,000 was paid in full in the first quarter of 2014. There was credit deterioration in the remaining two loans. One loan totaling $250,000 was charged off in the third quarter of 2014. The remaining loan relationship at a balance of $1.3 million was charged off in 2015. Lakeland recognized $109,000 and $46,000 of interest income on credit impaired loans for the years ended December 31, 2014 and 2013, respectively. Portfolio Segments Lakeland currently manages its credit products and the respective exposure to credit losses (credit risk) by the following specific portfolio segments which are levels at which Lakeland develops and documents its systematic methodology to determine the allowance for loan and lease losses attributable to each respective portfolio segment. These segments are: • Commercial, secured by real estate - consists of commercial mortgage loans secured by owner occupied properties and non-owner occupied properties. The loans secured by owner occupied properties involve a variety of property types to conduct the borrower’s operations. The primary source of repayment for this type of loan is the cash flow from the business and is based upon the borrower’s financial health and the ability of the borrower and the business to repay. The loans secured by non-owner occupied properties involve investment properties for warehouse, retail, office space, etc., with a history of occupancy and cash flow. This commercial real estate category contains mortgage loans to the developers and owners of commercial real estate where the borrower intends to operate or sell the property at a profit and use the income stream or proceeds from the sale(s) to repay the loan. • Commercial, industrial and other - are loans made to provide funds for equipment and general corporate needs. Repayment of a loan primarily uses the funds obtained from the operation of the borrower’s business. Commercial loans also include lines of credit that are utilized to finance a borrower’s short-term credit needs and/or to finance a percentage of eligible receivables and inventory. • Leases - includes a small portfolio of equipment leases, which consists of leases primarily for essential equipment used by small to medium sized businesses. • Real estate - residential mortgage –contains permanent mortgage loans principally to consumers secured by residential real estate. Residential real estate loans are evaluated for the adequacy of repayment sources at the time of approval, based upon measures including credit scores, debt-to-income ratios, and collateral values. Loans may be either conforming or non-conforming. • Real estate-construction - construction loans, as defined, are intended to finance the construction of commercial properties and include loans for the acquisition and development of land. Construction loans represent a higher degree of risk than permanent real estate loans and may be affected by a variety of factors such as the borrower’s ability to control costs and adhere to time schedules and the risk that constructed units may not be absorbed by the market within the anticipated time frame or at the anticipated price. The loan commitment on these loans often includes an interest reserve that allows the lender to periodically advance loan funds to pay interest charges on the outstanding balance of the loan. • Home Equity and consumer - includes primarily home equity loans and lines, installment loans, personal lines of credit and automobile loans. The home equity category consists mainly of loans and revolving lines of credit to consumers which are secured by residential real estate. These loans are typically secured with second mortgages on the homes, although many are secured with first mortgages. Other consumer loans include installment loans used by customers to purchase automobiles, boats and recreational vehicles. Non-accrual and Past Due Loans The following schedule sets forth certain information regarding Lakeland’s non-accrual loans and leases, its other real estate owned and other repossessed assets, and accruing troubled debt restructurings (TDRs): At December 31, (in thousands) 2015 2014 Commercial, secured by real estate $ 10,446 $ 7,424 Commercial, industrial and other 103 308 Leases 316 88 Real estate - residential mortgage 8,664 9,246 Real estate - construction — 188 Home equity and consumer 3,167 3,415 Total non-accrual loans and leases 22,696 20,669 Other real estate and other repossessed assets 983 1,026 TOTAL NON-PERFORMING ASSETS $ 23,679 $ 21,695 Troubled debt restructurings, still accruing $ 10,108 $ 10,579 Non-accrual loans included $2.5 million and $1.3 million of troubled debt restructurings for the years ended December 31, 2015 and 2014, respectively. As of December 31, 2015, the Company had $7.9 million in residential mortgages and consumer home equity loans included in the table above that were in the process of foreclosure. An age analysis of past due loans, segregated by class of loans as of December 31, 2015 and 2014 is as follows: December 31, 2015 30-59 Days 60-89 Days Greater Total Current Total Loans Recorded (in thousands) Commercial, secured by real estate $ 1,465 $ 693 $ 7,853 $ 10,011 $ 1,751,578 $ 1,761,589 $ — Commercial, industrial and other 205 — 103 308 306,736 307,044 — Leases 62 26 316 404 56,256 56,660 — Real estate - residential mortgage 1,361 725 7,472 9,558 380,134 389,692 — Real estate - construction — — — — 118,070 118,070 — Home equity and consumer 876 141 3,498 4,515 330,376 334,891 331 $ 3,969 $ 1,585 $ 19,242 $ 24,796 $ 2,943,150 $ 2,967,946 $ 331 December 31, 2014 30-59 Days 60-89 Days Greater Total Current Total Loans Recorded (in thousands) Commercial, secured by real estate $ 2,714 $ 2,999 $ 5,972 $ 11,685 $ 1,518,076 $ 1,529,761 $ — Commercial, industrial and other 944 2 308 1,254 236,998 238,252 — Leases 108 24 88 220 54,529 54,749 — Real estate - residential mortgage 3,325 354 6,710 10,389 420,801 431,190 — Real estate - construction 224 — 188 412 63,608 64,020 — Home equity and consumer 1,583 598 2,951 5,132 332,510 337,642 66 $ 8,898 $ 3,977 $ 16,217 $ 29,092 $ 2,626,522 $ 2,655,614 $ 66 Impaired Loans Lakeland’s policy regarding impaired loans is discussed in Note 1 – Summary of Accounting Policies – Loans and Leases and Allowance for Loan and Lease Losses. The Company defines impaired loans as all non-accrual loans with recorded investments of $500,000 or greater. Impaired loans also includes all loans modified in troubled debt restructurings. December 31, 2015 Recorded Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 14,065 $ 14,712 $ — $ 344 $ 12,928 Commercial, industrial and other 209 887 — 14 749 Leases — — — — — Real estate - residential mortgage 2,195 2,242 — — 2,096 Real estate - construction — — — — 94 Home equity and consumer 574 575 — 5 762 Loans with related allowance: Commercial, secured by real estate 5,721 5,918 598 271 6,249 Commercial, industrial and other 1,023 1,023 77 32 717 Leases 6 6 1 — — Real estate-residential mortgage 832 865 73 37 840 Real estate-construction 380 380 21 13 308 Home equity and consumer 1,001 1,013 73 54 1,006 Total: Commercial, secured by real estate $ 19,786 $ 20,630 $ 598 $ 615 $ 19,177 Commercial, industrial and other 1,232 1,910 77 46 1,466 Leases 6 6 1 — — Real estate - residential mortgage 3,027 3,107 73 37 2,936 Real estate - construction 380 380 21 13 402 Home equity and consumer 1,575 1,588 73 59 1,768 $ 26,006 $ 27,621 $ 843 $ 770 $ 25,749 December 31, 2014 Recorded Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 14,172 $ 15,520 $ — $ 436 $ 16,092 Commercial, industrial and other 327 1,697 — 43 1,513 Real estate-residential mortgage 1,681 1,681 — — 308 Real estate-construction 188 552 — — 464 Home equity and consumer 741 741 — 7 153 Loans with related allowance: Commercial, secured by real estate 5,666 5,818 634 156 3,858 Commercial, industrial and other 425 425 10 9 342 Real estate - residential mortgage 1,238 1,238 217 19 438 Real estate - construction — — — — — Home equity and consumer 1,255 1,255 1,031 41 975 Total: Commercial, secured by real estate $ 19,838 $ 21,338 $ 634 $ 592 $ 19,950 Commercial, industrial and other 752 2,122 10 52 1,855 Real estate - residential mortgage 2,919 2,919 217 19 746 Real estate - construction 188 552 — — 464 Home equity and consumer 1,996 1,996 1,031 48 1,128 $ 25,693 $ 28,927 $ 1,892 $ 711 $ 24,143 December 31, 2013 Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 8,223 $ 9,656 $ — $ 198 $ 8,853 Commercial, industrial and other 4,020 4,118 — 189 4,333 Real estate - residential mortgage 617 672 — — 622 Real estate - construction 501 2,411 — — 2,111 Home equity and consumer 17 17 — 1 17 Loans with related allowance: Commercial, secured by real estate 10,152 10,217 739 442 9,727 Commercial, industrial and other 155 155 31 5 396 Home equity and consumer 934 936 140 42 907 Total: Commercial, secured by real estate $ 18,375 $ 19,873 $ 739 $ 640 $ 18,580 Commercial, industrial and other 4,175 4,273 31 194 4,729 Real estate - residential mortgage 617 672 — — 622 Real estate - construction 501 2,411 — — 2,111 Home equity and consumer 951 953 140 43 924 $ 24,619 $ 28,182 $ 910 $ 877 $ 26,966 Interest which would have been accrued on impaired loans and leases during 2015, 2014 and 2013 was $1.6 million, $1.8 million and $2.2 million, respectively. Credit Quality Indicators The class of loans are determined by internal risk rating. Management closely and continually monitors the quality of its loans and leases and assesses the quantitative and qualitative risks arising from the credit quality of its loans and leases. It is the policy of Lakeland to require that a Credit Risk Rating be assigned 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 loan portfolios. The risk rating system assists Senior Management in evaluating Lakeland’s 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, industry conditions and economic conditions. Management categorizes 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. “Pass” ratings on loans are given to loans that management considers to be of acceptable or better quality. A rating of 5W, or “Watch” is a loan that requires more than the usual amount of monitoring due to declining earnings, strained cash flow, increasing leverage and/or weakening market. These borrowers generally have limited additional debt capacity and modest coverage and average or below average asset quality, margins and market share. Rating 6, “Other Assets Especially Mentioned” is used for loans exhibiting identifiable credit weakness which if not checked or corrected could weaken the loan quality or inadequately protect the bank’s credit position at some future date. Rating 7, “Substandard,” is used on loans that are inadequately protected by the current sound worth and paying capacity of the obligors or of the collateral pledged, if any. A substandard loan has a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt. Rating 8, “Doubtful,” are loans that exhibt all of the weaknesses inherent in substandard loans, but have the added characteristics that the weaknesses make collection or liquidation in full improbable on the basis of existing facts. Rating 9, “Loss,” is a rating for loans or portions of loans that are considered uncollectible and of such little value that their continuance as bankable loans is not warranted. The following table shows Lakeland’s commercial loan portfolio as of December 31, 2015 and 2014, by the risk ratings discussed above (in thousands): December 31, 2015 Risk Rating Commercial, secured by real estate Commercial, Industrial Real estate- 1 $ — $ 3,517 $ — 2 — 9,662 — 3 65,199 56,895 — 4 526,909 111,702 19,125 5 1,044,888 105,301 94,535 5W - Watch 43,342 4,259 146 6 - Other Assets Especially Mentioned 34,570 4,105 1,851 7 - Substandard 46,681 11,603 2,413 8 - Doubtful — — — 9 - Loss — — — Total $ 1,761,589 $ 307,044 $ 118,070 December 31, 2014 Risk Rating Commercial, secured by Commercial, Industrial Real estate- 1 $ — $ 1,040 $ — 2 — 8,755 — 3 69,243 30,386 — 4 479,667 91,836 7,527 5 867,023 69,723 51,833 5W - Watch 40,991 15,572 225 6 - Other Assets Especially Mentioned 27,764 8,057 2,710 7 - Substandard 45,073 12,883 1,725 8 - Doubtful — — — 9 - Loss — — — Total $ 1,529,761 $ 238,252 $ 64,020 This table does not include consumer or residential loans or leases because they are evaluated on their payment status. Allowance for Loan and Lease Losses In 2015, The Company refined and enhanced its assessment of the adequacy of the allowance for loan and lease losses by extending the lookback period on its commercial loan portfolios from three years to five years and by extending the lookback period for all other portfolios from two to three years in order to capture more of the economic cycle. It also enhanced its qualitative factor framework to include a factor that captures the risk related to appraised real estate values, and how those values could change in relation to a change in capitalization rates. This enhancement is meant to increase the level of precision in the allowance for loan and lease losses. As a result, the Company will no longer have an “unallocated” segment in its allowance for loan losses, as the risks and uncertainties meant to be captured by the unallocated allowance have been included in the qualitative framework for the respective portfolios. As such, the unallocated allowance has in essence been reallocated to the certain portfolios based on the risks and uncertainties it was meant to capture. The following table details activity in the allowance for loan and lease losses by portfolio segment and the related recorded investment in loans and leases for the years ended December 31, 2015, 2014 and 2013: 12/31/2015 Commercial, Commercial, Leases Real Real estate- Home Unallocated Total (in thousands) Allowance for Loan and Lease Losses: Beginning Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Charge-offs (1,821 ) (205 ) (548 ) (375 ) (20 ) (1,511 ) — (4,480 ) Recoveries 2,221 183 26 63 106 129 — 2,728 Provision 6,246 (537 ) 400 (1,120 ) 952 (1,576 ) (2,423 ) 1,942 Ending Balance $ 20,223 $ 2,637 $ 460 $ 2,588 $ 1,591 $ 3,375 $ — $ 30,874 Ending Balance: Individually evaluated for impairment $ 598 $ 77 $ 1 $ 73 $ 21 $ 73 $ — $ 843 Ending Balance: Collectively evaluated for impairment 19,625 2,560 459 2,515 1,570 3,302 — $ 30,031 Ending Balance $ 20,223 $ 2,637 $ 460 $ 2,588 $ 1,591 $ 3,375 $ — $ 30,874 Loans and Leases: Ending Balance: Individually evaluated for impairment $ 19,786 $ 1,232 $ 6 $ 3,027 $ 380 $ 1,575 $ — $ 26,006 Ending Balance: Collectively evaluated for impairment 1,741,803 305,812 56,654 386,665 117,690 333,316 — $ 2,941,940 Ending Balance(1) $ 1,761,589 $ 307,044 $ 56,660 $ 389,692 $ 118,070 $ 334,891 $ — $ 2,967,946 (1) Excludes deferred fees 12/31/2014 Commercial, Commercial, Leases Real Real estate- Home Unallocated Total (in thousands) Allowance for Loan and Lease Losses: Beginning Balance $ 14,463 $ 5,331 $ 504 $ 3,214 $ 542 $ 2,737 $ 3,030 $ 29,821 Charge-offs (2,282 ) (999 ) (597 ) (827 ) (25 ) (2,697 ) — (7,427 ) Recoveries 999 1,039 19 42 106 220 — 2,425 Provision 397 (2,175 ) 656 1,591 (70 ) 6,073 (607 ) 5,865 Ending Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Ending Balance: Individually evaluated for impairment $ 634 $ 10 $ — 217 — $ 1,031 $ — $ 1,892 Ending Balance: Collectively evaluated for impairment 12,943 3,186 582 3,803 553 5,302 2,423 $ 28,792 Ending Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Loans and Leases: Ending Balance: Individually evaluated for impairment $ 19,838 $ 752 $ — $ 2,919 $ 188 $ 1,996 $ — $ 25,693 Ending Balance: Collectively evaluated for impairment 1,509,923 237,500 54,749 428,271 63,832 335,646 — $ 2,629,921 Ending Balance(1) $ 1,529,761 $ 238,252 $ 54,749 $ 431,190 $ 64,020 $ 337,642 $ — $ 2,655,614 (1) Excludes deferred costs 12/31/2013 Commercial, Commercial, Leases Real Real estate- Home Unallocated Total (in thousands) Allowance for Loan and Lease Losses: Beginning Balance $ 16,258 $ 5,103 $ 578 $ 3,568 $ 587 $ 2,837 $ — $ 28,931 Charge-offs (2,026 ) (1,324 ) (206 ) (1,257 ) (3,854 ) (1,624 ) — (10,291 ) Recoveries 1,061 260 121 99 14 283 — 1,838 Provision (830 ) 1,292 11 804 3,795 1,241 3,030 9,343 Ending Balance $ 14,463 $ 5,331 $ 504 $ 3,214 $ 542 $ 2,737 $ 3,030 $ 29,821 Ending Balance: Individually evaluated for impairment $ 739 $ 31 $ — $ — $ — $ 140 $ — $ 910 Ending Balance: Collectively evaluated for impairment 13,724 5,300 504 3,214 542 2,597 $ 3,030 $ 28,911 Ending Balance: Loans acquired with deteriorated credit quality — — — — — — — — Ending Balance $ 14,463 $ 5,331 $ 504 $ 3,214 $ 542 $ 2,737 $ 3,030 $ 29,821 Loans and Leases: Ending Balance: Individually evaluated for impairment $ 18,375 $ 4,175 $ — $ 617 $ 501 $ 951 $ — $ 24,619 Ending Balance: Collectively evaluated for impairment 1,371,486 209,633 41,332 432,214 52,618 337,976 — $ 2,445,259 Ending Balance: Loans acquired with deteriorated credit quality — — — — — 411 — $ 411 Ending Balance(1) $ 1,389,861 $ 213,808 $ 41,332 $ 432,831 $ 53,119 $ 339,338 $ — $ 2,470,289 (1) Excludes deferred costs Lakeland also maintains a reserve for unfunded lending commitments which are included in other liabilities. This reserve was $2.0 million and $1.1 million at December 31, 2015 and December 31, 2014, respectively. Lakeland analyzes the adequacy of the reserve for unfunded lending commitments in conjunction with its analysis of the adequacy of the allowance for loan and lease losses. For more information on this analysis, see “Risk Elements” in Management’s Discussion and Analysis. Troubled Debt Restructurings Troubled debt restructurings (TDRs) are those loans where significant concessions have been made due to borrowers’ financial difficulties. Restructured loans typically involve a modification of terms such as a reduction of the stated interest rate, an extended 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. Lakeland considers the potential losses on these loans as well as the remainder of its impaired loans when considering the adequacy of the allowance for loan losses. The following table summarizes loans that have been restructured during the periods presented: For the year ended December 31, 2015 For the year ended December 31, 2014 Number of Pre- Post- Number of Pre- Post- (Dollars in thousands) (Dollars in thousands) Troubled Debt Restructurings: Commercial, secured by real estate 2 $ 1,458 $ 1,458 5 $ 4,146 $ 4,146 Commercial, industrial and other 3 1,934 1,934 2 285 285 Leases 1 14 14 — — — Real estate - residential mortgage — — — 5 1,238 1,238 Real estate - construction 1 396 396 — — — Home equity and consumer 1 9 9 9 840 840 8 $ 3,811 $ 3,811 21 $ 6,509 $ 6,509 The following table presents loans modified as TDRs within the previous 12 months from December 31, 2015 and 2014 that have defaulted during the subsequent twelve months: For the year ended December 31, 2015 For the year ended Number of Recorded Number of Recorded (Dollars in thousands) (Dollars in thousands) Defaulted Troubled Debt Restructurings: Commercial, secured by real estate — $ — 1 $ 32 Real estate - residential mortgage — — 1 354 Home equity and consumer — — 2 238 — $ — 4 $ 624 Related Party Loans Lakeland has entered into lending transactions in the ordinary course of business with directors, executive officers, principal stockholders and affiliates of such persons on similar terms, including interest rates and collateral, as those prevailing for comparable transactions with other borrowers not related to Lakeland. At December 31, 2015, loans to these related parties amounted to $28.4 million. There were new loans of $12.4 million to related parties and repayments of $11.6 million from related parties in 2015. Mortgages Held for Sale Residential mortgages originated by the bank and held for sale in the secondary market are carried at the lower of cost or fair market value. Fair value is generally determined by the value of purchase commitments on individual loans. Losses are recorded as a valuation allowance and charged to earnings. As of December 31, 2015, Lakeland had $1.2 million in mortgages held for sale compared to $592,000 as of December 31, 2014. Leases Gains (losses) on held for sale leasing assets are included in other income along with other miscellaneous leasing income typically recorded in Lakeland’s leasing business. Future minimum lease payments of lease receivables are as follows (in thousands): 2015 $ 20,520 2016 16,554 2017 11,419 2018 5,977 2019 1,956 Thereafter 234 $ 56,660 Other Real Estate and Other Repossessed Assets At December 31, 2015, Lakeland had other repossessed assets and other real estate owned of $49,000 and $934,000, respectively. The other real estate owned that the Company held at December 31, 2015 included $805,000 in residential property acquired as a result of foreclosure proceedings or through a deed in lieu of foreclosure. At December 31, 2014, Lakeland had other repossessed assets and other real estate owned of $49,000 and $977,000, respectively. For the years ended December 31, 2015, 2014 and 2013, Lakeland had writedowns of $119,000, $135,000 and $0, respectively, on other real estate and other repossessed assets which are included in other real estate and repossessed asset expense in the Statement of Income.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Premises and Equipment	NOTE 5 - PREMISES AND EQUIPMENT Estimated December 31, useful lives 2015 2014 (in thousands) Land Indefinite $ 6,039 $ 6,319 Buildings and building improvements 10 to 50 years 35,469 34,951 Leasehold improvements 10 to 25 years 10,361 9,845 Furniture, fixtures and equipment 2 to 30 years 35,900 38,773 87,769 89,888 Less accumulated depreciation and amortization 51,888 54,213 $ 35,881 $ 35,675 Depreciation expense was $4.0 million, $3.9 million and $3.7 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Time Deposits

Time Deposits	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Time Deposits	NOTE 6 – TIME DEPOSITS At December 31, 2015, the schedule of maturities of certificates of deposit is as follows (in thousands): Year 2016 $ 218,887 2017 76,465 2018 39,038 2019 8,720 2020 198 Thereafter 13 $ 343,321

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt	NOTE 7 - DEBT Lines of Credit As a member of the Federal Home Loan Bank of New York (FHLB), Lakeland has the ability to borrow overnight based on the market value of collateral pledged. As of December 31, 2015 and 2014, there were no overnight borrowings from the FHLB. As of December 31, 2015, Lakeland also had overnight federal funds lines available for it to borrow up to $162.0 million. Lakeland had borrowed $115.0 million and $81.0 million against these lines as of December 31, 2015 and 2014, respectively. Lakeland may also borrow from the discount window of the Federal Reserve Bank of New York based on the market value of collateral pledged. Lakeland had no borrowings with the Federal Reserve Bank of New York as of December 31, 2015 or 2014. Federal Funds Purchased and Securities Sold Under Agreements to Repurchase Short-term borrowings at December 31, 2015 and 2014 consisted of short-term securities sold under agreements to repurchase and federal funds purchased. Securities underlying the agreements were under Lakeland’s control. The following tables summarize information relating to securities sold under agreements to repurchase and federal funds purchased for the years presented. For purposes of the tables, the average amount outstanding was calculated based on a daily average. Federal funds purchased: 2015 2014 2013 (dollars in thousands) Balance at December 31 $ 115,000 $ 81,000 $ 50,000 Interest rate at December 31 0.65 % 0.35 % 0.37 % Maximum amount outstanding at any month-end during the year $ 130,000 $ 117,000 $ 81,000 Average amount outstanding during the year $ 22,734 $ 17,605 $ 8,424 Weighted average interest rate during the year 0.45 % 0.39 % 0.34 % Securities sold under agreements to repurchase: 2015 2014 2013 (dollars in thousands) Balance at December 31 $ 36,234 $ 27,935 $ 31,991 Interest rate at December 31 0.02 % 0.02 % 0.02 % Maximum amount outstanding at any month-end during the year $ 40,140 $ 54,550 $ 48,315 Average amount outstanding during the year $ 31,293 $ 38,192 $ 37,277 Weighted average interest rate during the year 0.03 % 0.03 % 0.03 % Other Borrowings FHLB Debt At December 31, 2015, advances from the FHLB totaling $221.9 million will mature within one to three years and are reported as other borrowings. These advances are collateralized by certain securities and first mortgage loans. The advances had a weighted average interest rate of 1.38%. At December 31, 2014, Lakeland had advances from the FHLB totaling $132.5 million maturing within one to four years and reported as other borrowings. These advances were collateralized by certain securities and first mortgage loans. The advances had a weighted average interest rate of 1.52%. FHLB debt matures as follows (in thousands): 2016 $ 67,798 2017 87,355 2018 66,752 $ 221,905 Long-term Securities Sold Under Agreements to Repurchase At December 31, 2015, Lakeland had $50.0 million in long-term securities sold under agreements to repurchase compared to $70.0 million at December 31, 2014. These borrowings were able to be called at various dates starting in 2009. These borrowings are collateralized by certain securities. The borrowings had a weighted average interest rate of 2.80% and 2.14% on December 31, 2015 and December 31, 2014, respectively. During the third quarter of 2015, Lakeland prepaid $20.0 million of its long-term securities sold under agreements to repurchase that had a rate of 4.44% and incurred a prepayment penalty of $2.4 million. These long-term securities sold under agreements to repurchase mature as follows (in thousands): 2016 $ 10,000 2017 — 2018 30,000 Thereafter 10,000 $ 50,000 The above FHLB debt and long-term securities sold under agreements to repurchase are collateralized by certain securities. At times the market value of securities collateralizing our borrowings may decline due to changes in interest rates and may necessitate our lenders to issue a “margin call” which requires Lakeland to pledge additional securities to meet that margin call. As of December 31, 2015, the Company had $109.1 million in securities pledged for its short-term and long-term securities sold under agreements to repurchase, including $61.5 million in mortgage backed securities and $47.6 million in U.S. government agency securities. Subordinated Debentures In May 2007, the Company issued $20.6 million of junior subordinated debentures due August 31, 2037 to Lakeland Bancorp Capital Trust IV, a Delaware business trust. The distribution rate on these securities was 6.61% for 5 years and floats at LIBOR plus 152 basis points thereafter. The debentures are the sole asset of the Trust. The Trust issued 20,000 shares of trust preferred securities, $1,000 face value, for total proceeds of $20.0 million. The Company’s obligations under the debentures and related documents, taken together, constitute a full, irrevocable and unconditional guarantee on a subordinated basis by the Company of the Trust’s obligations under the preferred securities. The preferred securities are callable by the Company on or after August 1, 2012, or earlier if the deduction of related interest for federal income taxes is prohibited, treatment as Tier I capital is no longer permitted, or certain other contingencies arise. The preferred securities must be redeemed upon maturity of the debentures in 2037. On August 3, 2015, the Company acquired and extinguished $10.0 million of Lakeland Bancorp Capital Trust IV debentures and recorded a $1.8 million gain on the extinguishment of debt. The interest rate on this debenture floated at LIBOR plus 152 basis points and had a rate of 1.80% at the time of extinguishment. In June 2003, the Company issued $10.3 million of junior subordinated debentures due July 7, 2033 to Lakeland Bancorp Capital Trust I, a Delaware business trust. The distribution rate on these securities was 6.20% for 7 years and floats at LIBOR plus 310 basis points thereafter. The debentures are the sole asset of the Trust. The Trust issued 10,000 shares of trust preferred securities, $1,000 face value, for total proceeds of $10.0 million. The Company’s obligations under the debentures and related documents, taken together, constitute a full, irrevocable and unconditional guarantee on a subordinated basis by the Company of the Trust’s obligations under the preferred securities. The preferred securities are callable by the Company on or after July 7, 2010, or earlier if the deduction of related interest for federal income taxes is prohibited, treatment as Tier I capital is no longer permitted, or certain other contingencies arise. On June 18, 2013, the Company acquired and extinguished $9.0 million of Lakeland Bancorp Capital Trust I debentures and recorded a $1.2 million gain on extinguishment of debt. The interest rate on this debenture floated at LIBOR plus 310 basis points and had a rate of 3.38% at the time of extinguishment. The Company redeemed the remaining $1.0 million in the fourth quarter of 2013 at par value. In June 2003, the Company also issued $20.6 million of junior subordinated debentures due June 30, 2033 to Lakeland Bancorp Capital Trust II, a Delaware business trust. The distribution rate on these securities was 5.71% for 5 years and floats at LIBOR plus 310 basis points thereafter. The debentures are the sole asset of the Trust. The Trust issued 20,000 shares of trust preferred securities, $1,000 face value, for total proceeds of $20.0 million. The Company’s obligations under the debentures and related documents, taken together, constitute a full, irrevocable and unconditional guarantee on a subordinated basis by the Company of the Trust’s obligations under the preferred securities. The preferred securities are callable by the Company on or after June 30, 2008, or earlier if the deduction of related interest for federal income taxes is prohibited, treatment as Tier I capital is no longer permitted, or certain other contingencies arise. The preferred securities must be redeemed upon maturity of the debentures in 2033.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stockholders' Equity	NOTE 8 - STOCKHOLDERS’ EQUITY On May 21, 2014, the Company’s Board of Directors authorized a 5% stock dividend which was distributed on June 17, 2014, to holders of record as of June 3, 2014. On May 31, 2013, the Company completed its acquisition of Somerset Hills Bancorp, a bank holding company headquartered in Bernardsville, New Jersey. Lakeland Bancorp issued an aggregate of 6,083,783 shares of its common stock in the merger, and also assumed outstanding Somerset Hills Bancorp stock options (which were converted into options to purchase Lakeland Bancorp common stock). Lakeland Bancorp paid $6.5 million in cash in the transaction.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9 - INCOME TAXES The components of income taxes are as follows: Years Ended December 31, 2015 2014 2013 (in thousands) Current tax provision $ 16,991 $ 15,193 $ 12,286 Deferred tax (benefit) provision (824 ) (34 ) 164 Total provision for income taxes $ 16,167 $ 15,159 $ 12,450 The income tax provision reconciled to the income taxes that would have been computed at the statutory federal rate of 35% is as follows: Years Ended December 31, 2015 2014 2013 (in thousands) Federal income tax, at statutory rates $ 17,028 $ 16,201 $ 13,097 Increase (deduction) in taxes resulting from: Tax-exempt income (1,467 ) (1,387 ) (1,370 ) State income tax, net of federal income tax effect 132 337 339 Other, net 474 8 384 Provision for income taxes $ 16,167 $ 15,159 $ 12,450 The net deferred tax asset consisted of the following: December 31, 2015 2014 Deferred tax assets: (in thousands) Allowance for loan and lease losses $ 13,445 $ 13,014 Share based compensation plans 857 686 Purchase accounting fair market value adjustments 431 694 Non-accrued interest 632 554 Deferred compensation 2,207 1,814 Other than temporary impairment loss on investment securities 255 255 Unfunded pension benefits 9 9 Other, net 579 537 Deferred tax assets 18,415 17,563 Deferred tax liabilities: Core deposit intangible from acquired companies 631 800 Undistributed income from subsidiary not consolidated for tax return purposes (REIT). 845 724 Deferred loan costs 1,433 1,407 Prepaid expenses 549 460 Depreciation and amortization 1,440 1,438 Deferred gain on securities 194 194 Unrealized gains on securities available for sale 622 862 Other 591 633 Deferred tax liabilities 6,305 6,518 Net deferred tax assets, included in other assets $ 12,110 $ 11,045 The Company evaluates the realizability of its deferred tax assets by examining its earnings history and projected future earnings and by assessing whether it is more likely than not that carryforwards would not be realized. Based upon the majority of the Company’s deferred tax assets having no expiration date, the Company’s earnings history, and the projections of future earnings, the Company’s management believes that it is more likely than not that all of the Company’s deferred tax assets as of December 31, 2015 will be realized. The Company evaluates tax positions that may be uncertain using a recognition threshold of more-likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. The Company had an unrecognized tax benefit of $111,000 as of December 31, 2013. In 2014, the Company reevaluated this unrecognized tax benefit and concluded that based on current information the tax position that it has taken is more-likely-than-not to be upheld. Therefore, the Company recognized the tax benefit in the fourth quarter of 2014. The Company is subject to U.S. federal income tax law as well as income tax of various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few significant exceptions, the Company is no longer subject to U.S. federal examinations by tax authorities for the years before 2012 or to state and local examinations by tax authorities for the years before 2011.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 10 - EARNINGS PER SHARE The Company uses the two class method to compute earnings per common share. Participating securities include non-vested restricted stock. The following tables present the computation of basic and diluted earnings per share for the periods presented. Year ended December 31, 2015 Income Shares Per share (in thousands, except per share amounts) Basic earnings per share Net income available to common shareholders $ 32,481 37,844 $ 0.86 Less: earnings allocated to participating securities (263 ) (0.01 ) Net income available to common shareholders $ 32,218 37,844 $ 0.85 Effect of dilutive securities Stock options and restricted stock — 149 — Diluted earnings per share Net income available to common shareholders plus assumed conversions $ 32,218 37,993 $ 0.85 There were no antidilutive options to purchase common stock to be excluded from the above computation. Year ended December 31, 2014 Income Shares Per share (in thousands, except per share amounts) Basic earnings per share Net income available to common shareholders $ 31,129 37,749 $ 0.82 Less: earnings allocated to participating securities (222 ) 0.00 Net income available to common shareholders $ 30,907 37,749 $ 0.82 Effect of dilutive securities Stock options and restricted stock — 120 — Diluted earnings per share Net income available to common shareholders plus assumed conversions $ 30,907 37,869 $ 0.82 Options to purchase 115,831 shares of common stock at a weighted average of $12.06 per share were not included in the computation of diluted earnings per share because the option price and the grant date price were greater than the average market price during the period. Year ended December 31, 2013 Income Shares Per share (in thousands, except per share amounts) Basic earnings per share Net income available to common shareholders $ 24,969 34,742 $ 0.72 Less: earnings allocated to participating securities (178 ) (0.01 ) Net income available to common shareholders $ 24,791 34,742 $ 0.71 Effect of dilutive securities Stock options and restricted stock — 160 — Diluted earnings per share Net income available to common shareholders plus assumed conversions $ 24,791 34,902 $ 0.71 Options to purchase 358,340 shares of common stock at a weighted average of $11.91 per share were not included in the computation of diluted earnings per share because the option price and the grant date price were greater than the average market price during the period.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	NOTE 11 - EMPLOYEE BENEFIT PLANS Profit Sharing Plan The Company has a profit sharing plan for all its eligible employees. The Company’s annual contribution to the plan is determined by its Board of Directors. Annual contributions are allocated to participants on a point basis with accumulated benefits payable at retirement, or, at the discretion of the plan committee, upon termination of employment. Contributions made by the Company were approximately $600,000 a year for each of the years ended 2015, 2014, and 2013. Benefit Obligations from Somerset Hills Acquisition Somerset Hills, acquired by the Company in 2013, entered into a non-qualified Supplemental Executive Retirement Plan (“SERP”) with its former Chief Executive Officer and its Chief Financial Officer which entitles them to a benefit of $48,000 and $24,000, respectively, per year for 15 years after the earlier of retirement or death. The beneficiary of the Chief Financial Officer is currently being paid out under the plan. As of December 31, 2015 and 2014, the Company has a liability of $745,000 and $675,000, respectively, for these SERPs and has recognized an expense of $95,000, $109,000 and $50,000 in 2015, 2014 and 2013, respectively. Retirement Savings Plans (401(k) plans) Beginning in January 2002, the Company began contributing to its 401(k) plan. All eligible employees can contribute a portion of their annual salary with the Company matching up to 50% of the employee’s contributions. The Company’s contributions in 2015, 2014 and 2013 totaled $760,000, $740,000 and $715,000, respectively. Pension Plan Newton Trust Company, acquired by the Company in 2004, had a defined benefit pension plan (the Plan) that was frozen prior to the acquisition by the Company. All participants of the Plan ceased accruing benefits as of that date. In 2014, the Company filed appropriate forms with the Internal Revenue Service and the Pension Benefit Guaranty Corporation to terminate the Plan and awaited approval from both entities. As a result of the Company’s intent to terminate the plan, the Company changed the portfolio allocation of the plan to minimize the fluctuation of the market value of the Plan’s assets. The Company also recorded a realized loss for the difference between the plan assets and the estimated payout of the plan of approximately $293,000 in 2014 and $238,000 in 2015. In 2015, the Company received the requisite approvals and terminated the plan. The Company made lump sum payments totaling $2.6 million as a result of this termination. The following table shows the fair value and the portfolio allocations of the assets in the Plan by type of investment as of December 31, 2014 (dollars in thousands): December 31, 2014 Market Percent of Cash and cash equivalents $ 519 26 % Fixed Income Mutual funds 976 48 % U.S. Large-Cap funds 525 26 % $ 2,020 100 % The accumulated benefit obligation as of December 31 is as follows: (in thousands) 2015 2014 Accumulated postretirement benefit obligation $ 2,334 $ 2,027 Interest Cost 14 94 Actuarial loss 213 401 Divestiture Curtailments or settlements (2,508 ) — Estimated benefit payments (53 ) (188 ) Total accumulated postretirement benefit obligation — 2,334 Fair value of plan assets beginning of period 2,020 1,987 Return on plan assets 9 61 Benefits paid (2,561 ) (188 ) Contribution 532 160 Fair value of plan assets at end of year — 2,020 Funded status — (314 ) Unrecognized net actuarial loss — — Liability $ — $ (314 ) Accumulated benefit obligation $ — $ 2,334 The components of net periodic pension cost are as follows: (in thousands) 2015 2014 2013 Amortization of actuarial loss $ 84 $ 39 $ 82 Interest cost on APBO 14 94 90 Expected return on plan assets (74 ) (95 ) (72 ) Net periodic postretirement cost $ 24 $ 38 $ 100 In 2014, as a result of the pending termination of the Plan, the benefit obligation was determined by calculating the lump sum amounts payable under the terms of the plan assuming a December 1, 2015 distribution date and discounted to December 31, 2014 using the one year Citigroup Pension Liability Index of 0.65%. Annuity liabilities were calculated using an interest rate of 2.40%. The expected return on plan assets was not relevant due to the pending termination of the Plan. Deferred Compensation Arrangements High Point Financial Corp., a bank holding company acquired in 1999, had established deferred compensation arrangements for certain directors and executives of High Point Financial Corp. and its subsidiary, the National Bank of Sussex County. The deferred compensation plans differ, but generally provide for annual payments for ten to fifteen years following retirement. The Company’s liabilities under these arrangements are being accrued from the commencement of the plans over the participants’ remaining periods of service. The Company intends to fund its obligations under the deferred compensation arrangements with the increase in cash surrender value of life insurance policies that it has purchased on the respective participants. The deferred compensation plans do not hold any assets. For the years ended December 31, 2015, 2014 and 2013, there were expenses related to this plan of $4,000, $16,000 and $3,000, respectively. As of December 31, 2015 and 2014, the accrued liability for these plans was $241,000 and $267,000, respectively. Supplemental Executive Retirement Plans In 2003, the Company entered into a supplemental executive retirement plan (SERP) agreement with its former CEO that provides annual retirement benefits of $150,000 a year for a 15 year period when the former CEO reached the age of 65. Our former CEO retired and is receiving annual retirement benefits pursuant to the plan. In 2008, the Company entered into a SERP agreement with its current CEO that provides annual retirement benefits of $150,000 for a 15 year period when the CEO reaches the age of 65. In November 2008, the Company entered into a SERP with its Regional President and Chief Operating Officer that provides annual retirement benefits of $90,000 a year for a 10 year period upon his reaching the age of 65. In December 2014, the Company entered into a SERP with a Regional President that provides $84,500 a year for a 15 year period upon his reaching the age of 66 in November 2016. The Company intends to fund its obligations under the deferred compensation arrangements with the increase in cash surrender value of bank owned life insurance policies. In 2015, 2014 and 2013, the Company recorded compensation expense of $814,000, $359,000 and $247,000, respectively, for these plans. Deferred Compensation Agreement In February 2015, the Company entered into a Deferred Compensation Agreement with its CEO where it would contribute $16,500 monthly into a deferral account which would earn interest at an annual rate of the Company’s prior year Return On Equity, provided that the Company’s return on equity remained in a range of 0% to 15%. The Company has agreed to make such contributions each month that the CEO is actively employed from February 2015 through December 31, 2022. The expense incurred in 2015 and the accrued liability at December 31, 2015 was $188,000. Following the CEO’s normal retirement date, he shall be paid out in 180 consecutive monthly installments. Elective Deferral Plan In March 2015, the Company established an Elective Deferral Plan for eligible executives in which the executive may elect to contribute a portion of his base salary and bonus to a deferral account which will earn an interest rate of 75% of the Company’s prior year return on equity provided that the return on equity remains in the range of 0% to 15%. The Company recorded an expense of $3,000 in 2015, and had a liability recorded of $190,000 at December 31, 2015.

Directors Retirement Plan

Directors Retirement Plan	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Directors Retirement Plan	NOTE 12 - DIRECTORS RETIREMENT PLAN The Company provides a plan that any director who became a member of the Board of Directors prior to 2009 who completes five years of service may retire and continue to be paid for a period of ten years at a rate ranging from $5,000 through $17,500 per annum, depending upon years of credited service. This plan is unfunded. The following tables present the status of the plan and the components of net periodic plan cost for the years then ended. The measurement date for the accumulated benefit obligation is December 31 of the years presented. December 31, 2015 2014 (in thousands) Accrued plan cost included in other liabilities $ 702 $ 743 Amount not recognized as component of net postretirement benefit cost Recognized in accumulated other comprehensive income Net actuarial gain ($ 41 ) ($ 141 ) Unrecognized prior service cost — — Amounts not recognized as a component of net postretirement benefit (benefit) ($ 41 ) ($ 141 ) Years ended December 31, 2015 2014 2013 (in thousands) Net periodic plan cost included the following components: Service cost $ 19 $ 26 $ 29 Interest cost 46 39 36 Amortization of prior service cost 13 14 21 $ 78 $ 79 $ 86 A discount rate of 3.87% and 3.52% was assumed in the plan valuation for 2015 and 2014, respectively. As the benefit amount is not dependent upon compensation levels, a rate of increase in compensation assumption was not utilized in the plan valuation. The director’s retirement plan holds no plan assets. The benefits expected to be paid in each of the next five years and in aggregate for the five years thereafter are as follows (in thousands): 2016 $ 75 2017 70 2018 75 2019 63 2020 62 2021 - 2025 188 The Company expects its contribution to the director’s retirement plan to be $75,000 in 2016. The amount in accumulated other comprehensive loss expected to be recognized as a component of net periodic benefit cost in 2016 is $13,000.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 13- STOCK-BASED COMPENSATION Employee Stock Option Plans On May 21, 2009, the Company’s shareholders approved the 2009 Equity Compensation Program, which authorizes the granting of incentive stock options, supplemental stock options, restricted shares and restricted stock units to employees of the Company, including those employees serving as officers and directors of the Company. The plan authorizes the issuance of 2.3 million shares in connection with options and awards granted under the 2009 program. The Company established the 2000 Equity Compensation Program which authorizes the granting of incentive stock options, supplemental stock options and restricted stock to employees of the Company which includes those employees serving as officers and directors of the Company. The plan authorized 2,613,185 shares of common stock of the Company. No further awards will be granted from the 2000 program. On May 31, 2013, the Company granted options to purchase 52,500 shares (26,250 shares each) to two new non-employee directors of the Company at an exercise price of $9.44 per share under the 2009 program. The directors’ options are exercisable in five equal installments beginning on the date of grant and continuing on the next four anniversaries of the date of grant. The estimated fair values were determined on the dates of grant using the Black-Scholes Option pricing model. The fair value of the Company’ stock option awards are expensed on a straight-line basis over the vesting period of the stock option. The risk-free rate is based on the implied yield on a U.S. Treasury bond with a term approximating the expected term of the option. The expected volatility computation is based on historical volatility over a period approximating the expected term of the option. The dividend yield is based on the annual dividend payment per share, divided by the grant date stock price. The expected option term is estimated examining historical terms on similar option grants and is a function of the option life and the vesting period. The fair value of these options were estimated using the Black-Scholes pricing model with the following weighted average assumptions: Risk-free interest rates 1.55 % Expected dividend yield 2.82 % Expected volatility 45.45 % Expected lives (years) 7.00 Weighted average fair value of options granted $ 3.31 As of December 31, 2015 and 2014, 111,829 and 140,772 options granted to directors were outstanding, respectively. The Company also assumed the outstanding options granted under Somerset Hills’ stock option plans at the time of merger. Based on the conversion ratio in the merger, the Company assumed options to purchase 395,191 shares of Lakeland stock in these plans at a weighted average exercise price of $6.33. The fair value of these options were estimated using the Black Scholes pricing model with the following range of assumptions: Risk-free interest rates 0.04% - 1.55% Expected dividend yield 2.82% Expected volatility 13% - 47% Expected lives (years) 3 months - 7 years Weighted average fair value of options granted $3.79 As of December 31, 2015 and 2014, there were 64,057 and 84,043 options outstanding, respectively, under these plans. As of December 31, 2015 and 2014, outstanding options to purchase common stock granted to key employees were 0 and 86,890, respectively. Excess tax benefits of stock based compensation were $59,000, $70,000 and $142,000 for the years 2015, 2014 and 2013, respectively. A summary of the status of the Company’s option plans as of December 31, 2015 and the changes during the year ending on that date is represented below. Number Weighted Weighted (in years) Aggregate Outstanding, beginning of year 311,705 $ 9.69 $ 681,861 Granted — — Exercised (16,918 ) 7.34 Expired (86,110 ) 12.13 Forfeited (32,785 ) 11.48 Outstanding, end of year 175,892 $ 8.38 5.03 $ 602,236 Options exercisable at year-end 154,891 $ 8.22 4.70 $ 552,308 A summary of the Company’s non-vested options under the Company’s option plans as of December 31, 2015 and changes for the year then ended is presented below. Non-vested Options Shares Weighted-Average Grant-date Non-vested, January 1, 2015 31,501 $ 3.31 Granted — — Vested (10,500 ) 3.31 Non-vested, December 31, 2015 21,001 $ 3.31 As of December 31, 2015, there was $49,000 of unrecognized compensation expense related to unvested stock options under the 2009 Equity Compensation Program. Compensation expense recognized for stock options was $35,000, $42,000 and $72,000 for 2015, 2014 and 2013, respectively. The aggregate intrinsic values of options exercised in 2015 and 2014 were $68,000 and $44,000, respectively. Exercise of stock options during 2015 and 2014 resulted in cash receipts of $124,000 and $89,000, respectively. The total fair value of options that vested in 2015 and 2014 were $35,000 and $52,000, respectively. In 2013, the Company granted 109,391 shares of restricted stock at a grant date fair value of $9.41 per share under the Company’s 2009 equity compensation program. These shares vest over a five year period. Compensation expense on these shares is expected to average approximately $206,000 per year for the next five years. In 2014, the Company granted 1,942 shares of restricted stock at a grant date fair value of $11.21 per share under the Company’s 2009 equity compensation program. These shares vest over a five year period. Compensation expense on these shares is expected to average approximately $4,000 per year for the next five years. No restricted stock was granted in 2015. Information regarding the Company’s restricted stock for the year ended December 31, 2015 is as follows: Number Weighted Outstanding, January 1, 2015 160,284 $ 9.21 Granted — — Vested (86,696 ) 9.11 Forfeited (88 ) 9.39 Outstanding, December 31, 2015 73,500 $ 9.33 The total fair value of the restricted stock vested during the year ended December 31, 2015 was approximately $1.0 million. Compensation expense recognized for restricted stock was $497,000, $707,000 and $823,000 in 2015, 2014 and 2013, respectively. There was approximately $188,000 in unrecognized compensation expense related to restricted stock grants as of December 31, 2015, which is expected to be recognized over a period of 1.4 years. In 2015, the Company granted 137,009 RSUs at a weighted average grant date fair value of $11.08 per share under the Company’s 2009 Equity Compensation Program. These units vest within a range of two 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 holder 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 these restricted stock units is expected to average approximately $506,000 per year over a three year period. Compensation expense for restricted stock units was $1.1 million in 2015. In 2014, the Company granted 127,791 RSUs at a weighted average grant date fair value of $10.65 per share under the Company’s 2009 equity compensation program. Compensation expense on these restricted stock units is expected to average approximately $453,000 per year over a three year period. Compensation expense for restricted stock units was $1.1 million and $641,000 in 2015 and 2014, respectively. There was approximately $1.1 million in unrecognized compensation expense related to restricted stock units as of December 31, 2015, which is expected to be recognized over a period of 1.5 years. Information regarding the Company’s RSUs and changes during the year ended December 31, 2015 is as follows: Number of Weighted Outstanding, January 1, 2015 98,535 $ 10.64 Granted 137,009 11.08 Vested (33,919 ) 11.03 Forfeited (715 ) 10.78 Outstanding, December 31, 2015 200,910 $ 10.87

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 14 - COMMITMENTS AND CONTINGENCIES Lease Obligations Lakeland is obligated under various non-cancelable operating leases on building and land used for office space and banking purposes. These leases contain renewal options and escalation clauses. Rent expense under long-term operating leases amounted to approximately $2.7 million, $2.7 million and $2.5 million for the years ended December 31, 2015, 2014 and 2013, respectively, including rent expense to related parties of $143,000 in 2015, $139,000 in 2014, and $180,000, in 2013. At December 31, 2015, the minimum commitments under all noncancellable leases with remaining terms of more than one year and expiring through 2033 are as follows (in thousands): Year 2016 $ 2,608 2017 2,283 2018 2,043 2019 1,835 2020 1,612 Thereafter 14,367 $ 24,748 Litigation Certain former shareholders of Pascack Bancorp, Inc. brought a purported class action (the “Action”) in the Superior Court of New Jersey, Bergen County, in connection with the merger of Pascack Bancorp with and into the Company, and the merger of Pascack Community Bank with and into Lakeland Bank. The complaint alleged that the Company had aided and abetted the individual defendants (former board members of Pascack Bancorp) in their alleged breaches of fiduciary duty. The parties reached an agreement-in-principle concerning the proposed settlement of the Action on December 1 and December 2, 2015. The mergers were consummated on January 7, 2016. The parties have agreed to a stipulation of settlement which is pending court approval. Other than as described above, there are no pending legal proceedings involving the Company or Lakeland other than those arising in the normal course of business. Management does not anticipate that the potential liability, if any, arising out of such legal proceedings will have a material effect on the financial condition or results of operations of the Company and Lakeland on a consolidated basis.

Financial Instruments with Off-

Financial Instruments with Off-Balance-Sheet Risk and Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Financial Instruments with Off-Balance-Sheet Risk and Concentrations of Credit Risk	NOTE 15 - FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK AND CONCENTRATIONS OF CREDIT RISK Lakeland is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they become payable. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement Lakeland has in particular classes of financial instruments. Lakeland’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. Lakeland uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Lakeland generally requires collateral or other security to support financial instruments with credit risk. The approximate contract amounts are as follows: December 31, 2015 2014 (in thousands) Financial instruments whose contract amounts represent credit risk Commitments to extend credit $ 773,058 $ 621,305 Standby letters of credit and financial guarantees written 11,060 10,449 At December 31, 2015 and 2014 there were $8,000 and $19,000, respectively, in commitments to lend additional funds to borrowers whose terms have been modified in troubled debt restructurings. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Lakeland evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by Lakeland upon extension of credit, is based on management’s credit evaluation. Standby letters of credit are conditional commitments issued by Lakeland to guarantee the payment by or performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Lakeland holds deposit accounts, residential or commercial real estate, accounts receivable, inventory and equipment as collateral to support those commitments for which collateral is deemed necessary. The extent of collateral held for those commitments at December 31, 2015 and 2014 varies based on management’s credit evaluation. Lakeland issues financial and performance letters of credit. Financial letters of credit require Lakeland to make payment if the customer fails to make payment, as defined in the agreements. Performance letters of credit require Lakeland to make payments if the customer fails to perform certain non-financial contractual obligations. Lakeland defines the initial fair value of these letters of credit as the fees received from the customer. Lakeland records these fees as a liability when issuing the letters of credit and amortizes the fee over the life of the letter of credit. The maximum potential undiscounted amount of future payments of these letters of credit as of December 31, 2015 is $11.1 million and they expire through 2024. Lakeland’s exposure under these letters of credit would be reduced by actual performance, subsequent termination by the beneficiaries and by any proceeds that Lakeland obtained in liquidating the collateral for the loans, which varies depending on the customer. As of December 31, 2015, Lakeland had $773.1 million in loan and lease commitments, with $570.2 million maturing within one year, $141.7 million maturing after one year but within three years, $6.5 million maturing after three years but within five years, and $54.7 million maturing after five years. As of December 31, 2015, Lakeland had $11.1 million in standby letters of credit, with $9.4 million maturing within one year, $1.6 million maturing after one year but within three years, and $80,000 maturing after five years. Lakeland grants loans primarily to customers in its immediately adjacent suburban counties which include Bergen, Morris, Passaic, Sussex, Warren, Somerset, Union and Essex counties in Northern and Central New Jersey, the Hudson Valley region in New York State, and surrounding areas. Certain of Lakeland’s consumer loans and lease customers are more diversified nationally. Although Lakeland has a diversified loan portfolio, a large portion of its loans are secured by commercial or residential real property. Although Lakeland has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent upon the economy. Commercial and standby letters of credit were granted primarily to commercial borrowers.

Comprehensive Income

Comprehensive Income	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Comprehensive Income	NOTE 16 - COMPREHENSIVE INCOME The Company reports comprehensive income in addition to net income (loss) from operations. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. The following table shows the changes in the balances of each of the components of other comprehensive income for the periods presented: Year ended December 31, 2015 Before tax Tax Benefit Net of tax (dollars in thousands) Unrealized losses on available for sale securities Unrealized holding losses arising during period $ (375 ) $ 155 $ (220 ) Less reclassification adjustment for net gains realized in net income 241 (84 ) 157 Net unrealized losses on available for sale securities (616 ) 239 (377 ) Change in pension liabilities 3 1 4 Other comprehensive loss, net $ (613 ) $ 240 $ (373 ) Year ended December 31, 2014 Before tax Tax Benefit Net of tax (dollars in thousands) Unrealized gains on available for sale securities Unrealized holding gains arising during period $ 9,663 $ (3,483 ) $ 6,180 Less reclassification adjustment for net gains realized in net income 3 (1 ) 2 Net unrealized gains on available for sale securities 9,660 (3,482 ) 6,178 Change in pension liabilities 31 (11 ) 20 Other comprehensive income, net $ 9,691 $ (3,493 ) $ 6,198 Year ended December 31, 2013 Before tax Tax Benefit Net of tax (dollars in thousands) Unrealized losses on available for sale securities Unrealized holding losses arising during period $ (13,675 ) $ 4,985 $ (8,690 ) Less reclassification adjustment for net gains realized in net income 839 (330 ) 509 Net unrealized losses on available for sale securities (14,514 ) 5,315 (9,199 ) Change in pension liabilities 866 (278 ) 588 Other comprehensive loss, net $ (13,648 ) $ 5,037 $ (8,611 ) For the Year Ended For the Year Ended For the Year Ended Unrealized Unrealized Unrealized Pension Total Pension Total Pension Total (in thousands) Beginning Balance $ 1,531 ($ 8 ) $ 1,523 ($ 4,647 ) ($ 28 ) ($ 4,675 ) $ 4,552 ($ 616 ) $ 3,936 Other comprehensive income (loss) before classifications (220 ) 4 (216 ) 6,180 20 6,200 (8,690 ) 588 (8,102 ) Amounts reclassified from accumulated other comprehensive income (157 ) — (157 ) (2 ) — (2 ) (509 ) — (509 ) Net current period other comprehensive income (loss) (377 ) 4 (373 ) 6,178 20 6,198 (9,199 ) 588 (8,611 ) Ending balance $ 1,154 ($ 4 ) $ 1,150 $ 1,531 ($ 8 ) $ 1,523 ($ 4,647 ) ($ 28 ) ($ 4,675 ) * All amounts are net of tax.

Fair Value Measurement and Fair

Fair Value Measurement and Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurement and Fair Value of Financial Instruments	NOTE 17 - 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 on 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 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 year ended December 31, 2015 and 2014, the Company did not make any transfers between recurring Level 1 fair value measurements and recurring Level 2 fair value measurements. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: December 31, 2015 Quoted Prices in Significant Significant Total Fair Assets: (in thousands ) Investment securities, available for sale U.S. treasury and government agencies $ 4,888 $ 92,245 $ — $ 97,133 Mortgage-backed securities — 289,572 — 289,572 Obligations of states and political subdivisions — 36,498 — 36,498 Corporate debt securities — 501 — 501 Equity securities 5,052 13,593 — 18,645 Total securities available for sale 9,940 432,409 — 442,349 Other Assets(a) — 1,518 — 1,518 Total Assets $ 9,940 $ 433,927 $ — $ 443,867 Other Liabilities(a) $ — $ 1,518 $ — $ 1,518 Total Liabilities $ — $ 1,518 $ — $ 1,518 (a) Non-hedging interest rate derivatives December 31, 2014 Quoted Prices in Significant Significant Total Fair (in thousands) Assets: Investment securities, available for sale U.S. treasury and government agencies $ 8,321 $ 85,599 $ — $ 93,920 Mortgage backed securities — 314,931 — 314,931 Obligations of states and political subdivisions — 30,519 — 30,519 Corporate debt securities — 505 — 505 Equity securities 4,154 13,420 — 17,574 Total securities available for sale 12,475 444,974 — 457,449 Other Assets(a) — 37 — 37 Total Assets $ 12,475 $ 445,011 $ — $ 457,486 Other Liabilities(a) $ — $ 37 $ — $ 37 Total Liabilities $ — $ 37 $ — $ 37 (a) Non-hedging interest rate derivatives The following table sets forth the Company’s financial assets subject to fair value adjustments (impairment) on a nonrecurring basis. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: December 31, 2015 (Level 1) (Level 2) (Level 3) Total (in thousands) Assets: Impaired Loans and Leases $ — $ — $ 26,006 $ 26,006 Loans held for sale — 1,233 — 1,233 Other real estate owned and other repossessed assets — — 983 983 December 31, 2014 (Level 1) (Level 2) (Level 3) Total (in thousands) Assets: Impaired Loans and Leases $ — $ — $ 25,693 $ 25,693 Loans held for sale — 592 — 592 Other real estate owned and other repossessed assets — — 1,026 1,026 Impaired loans and leases 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 dependant, fair value is generally measured based on the value of the collateral, less estimated costs to sell, securing these loans and leases 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 the 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 5-9%) 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 discounted 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 and leases 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 fair 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, 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 a recognized valuation resource. 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 December 31, 2015 and December 31, 2014 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 sold 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 was 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 $6.3 million in short-term municipal bond anticipation notes and $1.0 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. These are investments that management performs a credit analysis on before investing in these securities. Federal Home Loan Bank of New York (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 at December 31, 2015 and December 31, 2014 has been valued using a present value discounted cash flow where market prices were not available. The discount rate used in these calculations is the estimated current market rate for new loans with similar credit risk. The valuation of our loan portfolio is consistent with accounting guidance but does not fully incorporate the exit price approach. For fixed maturity certificates of deposit, fair value was 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 values 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 December 31, 2015 and December 31, 2014: December 31, 2015 Carrying Fair Value Quoted Prices in Significant Significant (Level 3) (in thousands) Financial Assets: Investment securities held to maturity $ 116,740 $ 117,594 $ — $ 110,293 $ 7,301 Federal Home Loan and other membership bank stock 14,087 14,087 — 14,087 — Loans and leases, net 2,934,326 2,930,188 — — 2,930,188 Financial Liabilities: Certificates of Deposit 343,321 341,998 — 341,998 — Other borrowings 271,905 275,409 — 275,409 — Subordinated debentures 31,238 24,366 — — 24,366 December 31, 2014 Financial Assets: Investment securities held to maturity $ 107,976 $ 109,030 $ — $ 103,916 $ 5,114 Federal Home Loan and other membership bank stock 9,846 9,846 — 9,846 — Loans and leases, net 2,623,142 2,624,581 — — 2,624,581 Financial Liabilities: Certificates of Deposit 279,962 279,439 — 279,439 — Other borrowings 202,498 205,343 — 205,343 — Subordinated debentures 41,238 30,929 — — 30,929

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	NOTE 18 - 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, 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. As of December 31, 2015 and 2014, Lakeland had $2.5 million and $505,000, respectively, in securities pledged for collateral on its interest rate swaps with the financial institution. The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands): December 31, 2015 Notional Amount Average Weighted Average Weighted Average Fair Value 3rd party interest rate swaps $ 35,664 14.6 4.540 % 1 Mo Libor + 2.00 ($ 1,518 ) Customer interest rate swaps (35,664 ) 14.6 4.540 % 1 Mo Libor + 2.00 1,518 December 31, 2014 Notional Amount Average Weighted Average Weighted Average Fair Value 3rd party interest rate swaps $ 17,279 5.7 3.840 % 1 Mo Libor + 2.21 ($ 37 ) Customer interest rate swaps (17,279 ) 5.7 3.840 % 1 Mo Libor + 2.21 $ 37

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Regulatory Matters	NOTE 19 - REGULATORY MATTERS The Bank Holding Company Act of 1956 restricts the amount of dividends the Company can pay. Accordingly, dividends should generally only be paid out of current earnings, as defined. The New Jersey Banking Act of 1948 restricts the amount of dividends paid on the capital stock of New Jersey chartered banks. Accordingly, no dividends shall be paid by such banks on their capital stock unless, following the payment of such dividends, the capital stock of Lakeland will be unimpaired, and: (1) Lakeland will have a surplus, as defined, of not less than 50% of its capital stock, or, if not, (2) the payment of such dividend will not reduce the surplus, as defined, of Lakeland. Under these limitations, approximately $281.5 million was available for payment of dividends from Lakeland to the Company as of December 31, 2015. The Company and Lakeland are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory – and possible additional discretionary – actions by regulators that, if undertaken, could have a direct material effect on the Company’s and Lakeland’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s and Lakeland’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and Lakeland’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulations to ensure capital adequacy require the Company and Lakeland to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets, and of Tier 1 capital to average assets. Management believes, as of December 31, 2015, that the Company and Lakeland met all capital adequacy requirements to which they are subject. As of December 31, 2015, the most recent notification from the FDIC categorized Lakeland as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, Lakeland must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1 capital and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the institution’s category. In July 2013, the FRB and the FDIC approved the final rules implementing the Basel Committee on Banking Supervision’s (“BCBS”) capital guidelines for U.S. banks. The rules include a new common equity Tier 1 capital to risk-weighted assets ratio of 4.5% and a common equity Tier 1 capital conservation buffer of 2.5% of risk-weighted assets. The capital conservation buffer will be phased-in starting with 0.625% in 2016 and increasing by 0.625% annually until it reaches 2.5% in 2019. The final rules also raise the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% and require a minimum leverage ratio of 4.0%. The final rules implement strict eligibility criteria for regulatory capital instruments. The phase-in period for the final rules began for the Company on January 1, 2015, with full compliance with all of the final rule’s requirements to be phased in over a multi-year schedule through January 1, 2019. As of December 31, 2015, the Company and Lakeland met all of the requirements under the new rules on a fully phased-in basis, if such requirements were in effect. As of December 31, 2015 and 2014, the Company and Lakeland have the following capital ratios based on the then current regulations: Actual For capital adequacy purposes To be well capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2015 Total capital (to risk-weighted assets) Company $ 351,779 11.61 % ³ $242,299 ³ 8.00 % N/A N/A Lakeland 328,574 10.87 241,880 8.00 ³ $302,350 ³ 10.00 % Tier 1 capital (to risk-weighted assets) Company $ 318,867 10.53 % ³ $181,724 ³ 6.00 % N/A N/A Lakeland 295,662 9.78 181,410 6.00 ³ $241,880 ³ 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Company $ 288,867 9.54 % ³ $136,293 ³ 4.50 % N/A N/A Lakeland 295,662 9.78 136,057 4.50 ³ $196,527 ³ 6.50 % Tier 1 capital (to average assets) Company $ 318,867 8.70 % ³ $146,594 ³ 4.00 % N/A N/A Lakeland 295,662 8.08 146,453 4.00 ³ $183,066 ³ 5.00 % Actual For capital adequacy To be well capitalized under Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2014 Total capital (to risk-weighted assets) Company $ 337,597 12.98 % ³ $208,024 ³ 8.00 % N/A N/A Lakeland 314,047 12.10 207,714 8.00 ³ $259,642 ³ 10.00 % Tier 1 capital (to risk-weighted assets) Company $ 305,814 11.76 % ³ $104,012 ³ 4.00 % N/A N/A Lakeland 282,267 10.87 103,857 4.00 ³ $155,785 ³ % Common equity Tier 1 capital (to risk-weighted assets) Company N/A N/A N/A N/A N/A N/A Lakeland N/A N/A N/A N/A N/A N/A Tier 1 capital (to average assets) Company $ 305,814 9.08 % ³ $134,760 ³ 4.00 % N/A N/A Lakeland 282,267 8.39 134,614 4.00 ³ $168,268 ³ %

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	NOTE 20 - GOODWILL AND OTHER INTANGIBLE ASSETS The Company has goodwill of $110.0 million at December 31, 2015 and December 31, 2014, which includes $22.9 million from the Somerset Hills acquisition and $87.1 million from prior acquisitions. The Company recorded $2.7 million in Core Deposit Intangible from the Somerset Hills Acquisition in 2013. Core Deposit Intangible was $1.5 million on December 31, 2015 compared to $2.0 million on December 31, 2014. The Company recorded $415,000 in core deposit amortization in 2015 compared to $464,000 and $288,000 in 2014 and 2013, respectively. The estimated future amortization expense for each of the succeeding five years ended December 31 is as follows (dollars in thousands): For the year ended: 2016 $ 366 2017 316 2018 267 2019 218 2020 168

Condensed Financial Information

Condensed Financial Information - Parent Company Only	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information - Parent Company Only	NOTE 21 - CONDENSED FINANCIAL INFORMATION – PARENT COMPANY ONLY: CONDENSED BALANCE SHEETS December 31, 2015 2014 (in thousands) ASSETS Cash and due from banks $ 15,921 $ 11,893 Investment securities, available for sale 5,060 4,162 Investment securities, held to maturity 1,000 — Investment in subsidiaries 406,538 395,664 Other assets 3,265 9,344 TOTAL ASSETS $ 431,784 $ 421,063 LIABILITIES AND STOCKHOLDERS’ EQUITY Other liabilities $ 30 $ 387 Subordinated debentures 31,238 41,238 Total stockholders’ equity 400,516 379,438 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 431,784 $ 421,063 CONDENSED STATEMENTS OF OPERATIONS Years Ended December 31, 2015 2014 2013 (in thousands) INCOME Dividends from subsidiaries $ 23,376 $ 16,581 $ 20,916 Other income 1,987 102 1,640 TOTAL INCOME 25,363 16,683 22,556 EXPENSE Interest on subordinated debentures 1,009 1,068 1,286 Noninterest expenses 605 313 2,551 TOTAL EXPENSE 1,614 1,381 3,837 Income before benefit for income taxes 23,749 15,302 18,719 Income taxes provision (benefit) 67 (447 ) (722 ) Income before equity in undistributed income of subsidiaries 23,682 15,749 19,441 Equity in undistributed income of subsidiaries 8,799 15,380 5,528 Net Income Available to Common Shareholders $ 32,481 $ 31,129 $ 24,969 CONDENSED STATEMENTS OF CASH FLOWS Years Ended December 31, 2015 2014 2013 (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 32,481 $ 31,129 $ 24,969 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Share based compensation — — 895 Gain on securities (29 ) — (359 ) Gain on early extinguishment (1,830 ) — (1,197 ) Decrease (increase) in other assets 3,861 (174 ) (954 ) Increase (decrease) in other liabilities 176 (46 ) 25 Equity in undistributed income of subsidiaries (8,799 ) (15,380 ) (5,528 ) NET CASH PROVIDED BY OPERATING ACTIVITIES 25,860 15,529 17,851 CASH FLOWS FROM INVESTING ACTIVITIES Net cash used in acquisition — — (6,233 ) Purchases of available for sale securities (56 ) (471 ) (415 ) Purchases of held to maturity securities (1,000 ) — — Sale of land held for sale — 60 — Proceeds from sale of securities, available for sale 29 — 654 NET CASH USED IN INVESTING ACTIVITIES (1,027 ) (411 ) (5,994 ) CASH FLOWS FROM FINANCING ACTIVITIES Cash dividends paid on common and preferred stock (12,586 ) (10,836 ) (8,152 ) Issuance of stock to the dividend reinvestment and stock purchase plan — 77 186 Proceeds on issuance of stock, net 22 — — Redemption of subordinated debentures, net (8,170 ) — (9,113 ) Retirement of Restricted stock (254 ) (104 ) — Excess tax benefits 59 70 142 Exercise of stock options 124 90 2,209 NET CASH USED IN FINANCING ACTIVITIES (20,805 ) (10,703 ) (14,728 ) Net increase (decrease) in cash and cash equivalents 4,028 4,415 (2,871 ) Cash and cash equivalents, beginning of year 11,893 7,478 10,349 CASH AND CASH EQUIVALENTS, END OF YEAR $ 15,921 $ 11,893 $ 7,478

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation The accounting and reporting policies of the Company and its subsidiaries conform with accounting principles generally accepted in the United States of America (U.S. GAAP) and predominant practices within the banking industry. The consolidated financial statements include the accounts of the Company, Lakeland, Lakeland NJ Investment Corp., Lakeland Investment Corp., Lakeland Equity, Inc., Lakeland Preferred Equity, Inc. and Sullivan Financial Services, Inc. All intercompany balances and transactions have been eliminated. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions also affect reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates implicit in these financial statements are as follows. The principal estimates that are particularly susceptible to significant change in the near term relate to the allowance for loan and lease losses, the valuation of the Company’s investment securities portfolio, the realizability of the Company’s deferred tax asset and the analysis of goodwill and intangible impairment. The policies regarding these estimates are discussed below. The Company’s operating segments are components of its enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker is its Chief Executive Officer. All of the Company’s financial services activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, commercial lending is dependent upon the ability of Lakeland to fund itself with retail deposits and other borrowings and to manage interest rate and credit risk. The situation is also similar for consumer and residential mortgage lending. Moreover, the Company primarily operates in one market area, 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. Accordingly, the Company has determined that it has one operating segment and thus one reporting segment.
Cash and Due from Banks	Cash and Due from Banks Cash and cash equivalents are defined as cash on hand, cash items in the process of collection, amounts due from banks and federal funds sold with an original maturity of three months or less. A portion of Lakeland’s cash on hand and on deposit with the Federal Reserve Bank was required to meet regulatory reserve and clearing requirements.
Investment Securities	Investment Securities Investment securities are classified in one of three categories: held to maturity, trading, or available for sale. Investments in debt securities, for which management has both the ability and intent to hold to maturity, are carried at cost, adjusted for the amortization of premiums and accretion of discounts computed by the effective interest method. Investments in debt and equity securities, which management believes may be sold prior to maturity due to changes in interest rates, prepayment risk, liquidity requirements, or other factors, are classified as available for sale. Net unrealized gains and losses for such securities, net of tax effect, are reported as other comprehensive income (loss) and excluded from the determination of net income. The Company does not engage in securities trading. Gains or losses on disposition of investment securities are based on the net proceeds and the adjusted carrying amount of the securities sold using the specific identification method. Losses are recorded through the statement of income when the impairment is considered other-than-temporary, even if a decision to sell has not been made. The Company evaluates its portfolio for impairment each quarter. In estimating other-than-temporary losses, the Company considers the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and whether the Company is more likely than not to sell the security before recovery of its cost basis. If a security has been impaired for more than twelve months, and the impairment is deemed other-than-temporary, a write down will occur in that quarter. If a loss is deemed to be other-than-temporary, it is recognized as a realized loss in the income statement with the security assigned a new cost basis. If the Company intends to sell an impaired security, the Company records an other-than-temporary loss in an amount equal to the entire difference between the fair value and amortized cost. If a security is determined to be other-than-temporarily impaired, but the Company does not intend to sell the security, only the credit portion of the estimated loss is recognized in earnings in gain (loss) on securities, with the other portion of the loss recognized in other comprehensive income. If a determination is made that an equity security is other-than-temporarily impaired, the unrealized loss will be recognized as an other-than-temporary impairment charge in non-interest income as a component of gain (loss) on investment securities.
Loans and Leases and Allowance for Loan and Lease Losses	Loans and Leases and Allowance for Loan and Lease Losses Loans and leases that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal and are net of unearned discount, unearned loan fees and an allowance for loan and lease losses. Interest income is accrued as earned on a simple interest basis. All unamortized fees and costs related to the loan are amortized over the life of the loan using the interest method. Accrual of interest is discontinued on a loan or lease when management believes, after considering economic and business conditions and collection efforts, that the borrower’s financial condition is such that full collection of interest and principal is doubtful. When a loan or lease is placed on such non-accrual status, all accumulated accrued interest receivable is reversed out of current period income. Commercial loans and leases are placed on a non-accrual status with all accrued interest and unpaid interest reversed if (a) because of the deterioration in the financial position of the borrower they are maintained on a cash basis (which means payments are applied when and as received rather than on a regularly scheduled basis), (b) payment in full of interest or principal is not expected, or (c) principal and interest have been in default for a period of 90 days or more unless the obligation is both well-secured and in process of collection. Residential mortgage loans are placed on non-accrual status at the time principal and interest have been in default for a period of 90 days or more, except where there exists sufficient collateral to cover the defaulted principal and interest payments, and management’s knowledge of the specific circumstances warrant continued accrual. Consumer loans are generally placed on non-accrual and reviewed for charge-off when principal and interest payments are four months in arrears unless the obligations are well-secured and in the process of collection. Interest thereafter on such charged-off consumer loans is taken into income when received only after full recovery of principal. As a general rule, a non-accrual asset may be restored to accrual status when none of its principal or interest is due and unpaid, satisfactory payments have been received for a sustained period (usually six months), or when it otherwise becomes well-secured and in the process of collection. Loans and leases are considered impaired when, based on current information and events, it is probable that Lakeland will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. Impairment is measured based on the present value of expected cash flows discounted at the loan’s effective interest rate, or as a practical expedient, Lakeland may measure impairment based on a loan’s observable market price, or the fair value of the collateral, less estimated costs to sell, if the loan is collateral-dependent. Regardless of the measurement method, Lakeland measures impairment based on the fair value of the collateral when it is determined that foreclosure is probable. Most of Lakeland’s impaired loans are collateral-dependent. Lakeland groups impaired commercial loans under $500,000 into a homogeneous pool and collectively evaluates them. Interest received on impaired loans and leases may be recorded as interest income. However, if management is not reasonably certain that an impaired loan and lease will be repaid in full, or if a specific time frame to resolve full collection cannot yet be reasonably determined, all payments received are recorded as reductions of principal. Loans are classified as troubled debt restructured loans 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, an extended moratorium of principal payments and/or an extension of the maturity date at a stated interest rate lower than the current market rate for a new loan with similar risk. Nonetheless, restructured loans are classified as impaired loans. If an obligation has been restructured, it will continue to be classified as restructured until the obligation is fully repaid or until it meets all of the following criteria: 1) the borrower is no longer experiencing financial difficulties, 2) the rate is not less than the rate provided for similar credit risk, 3) other terms are no less favorable than similar new debt and 4) no concessions were granted (any prior principal forgiveness is deemed to be an ongoing concession). The allowance for loan and lease losses is established through a provision for loan and lease losses charged to expense. Loan principal considered to be uncollectible by management is charged against the allowance for loan and lease losses. The allowance is an amount that management believes will be adequate to absorb losses on existing loans and leases that may become uncollectible based upon an evaluation of known and inherent risks in the loan and lease portfolio. The evaluation takes into consideration such factors as changes in the nature and size of the loan and lease portfolio, overall portfolio quality, specific problem loans and leases, and current economic conditions which may affect the borrowers’ ability to pay. The evaluation also analyzes historical losses by loan and lease category, and considers the resulting loss rates when determining the reserves on current loan and lease total amounts. Additionally, management assesses the loss emergence period for each loan segment and adjusts each historical loss factor accordingly. The loss emergence period is the estimated time from the date of a loss event (such as a personal bankruptcy) to the actual recognition of the loss (typically via the first full or partial loan charge-off), and is determined based upon a study of our past loss experience by loan segment. Loss reserves for specified problem loans and leases are also detailed. All of the factors considered in the analysis of the adequacy of the allowance for loan and lease losses may be subject to change. To the extent actual outcomes differ from management estimates, additional provisions for loan and lease losses may be required that would adversely impact earnings in future periods. The determination of the adequacy of the allowance for loan and lease losses and the periodic provisioning for estimated losses included in the consolidated financial statements is the responsibility of management and the Board of Directors. The evaluation process is undertaken on a quarterly basis. Methodology employed for assessing the adequacy of the allowance consists of the following criteria: • The establishment of reserve amounts for all specifically identified classified loans and leases that have been designated as requiring attention by Lakeland. • The establishment of reserves for pools of homogeneous types of loans and leases not subject to specific review, including impaired loans under $500,000, leases, 1 – 4 family residential mortgages, and consumer loans. • The establishment of reserve amounts for the unimpaired loans and leases in each portfolio based upon the historical average loss experience as modified by management’s assessment of the loss emergence period for these portfolios and management’s evaluation of key factors. Consideration is given to the results of ongoing credit quality monitoring processes, the adequacy and expertise of Lakeland’s lending staff, underwriting policies, loss histories, delinquency trends, and the cyclical nature of economic and business conditions. Since many of Lakeland’s loans depend on the sufficiency of collateral as a secondary source of repayment, any adverse trend in the real estate markets could affect underlying values available to protect Lakeland from loss. A loan that management designates as impaired is reviewed for charge-off when it is placed on non-accrual status with a resulting charge-off if the loan is not secured by collateral having sufficient liquidation value to repay the loan, and the loan is not in the process of collection. Charge-offs are recommended by the Chief Credit Officer and approved by the Board. Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or estimated fair value. Gains and losses on sales of loans are specifically identified and accounted for in accordance with U.S. GAAP which requires that an entity engaged in mortgage banking activities classify the retained mortgage-backed security or other interest, which resulted from the securitization of a mortgage loan held for sale, based upon its ability and intent to sell or hold these investments.
Bank Premises and Equipment	Bank Premises and Equipment Bank premises and equipment, including leasehold improvements, are stated at cost less accumulated depreciation. Depreciation expense is computed on the straight-line method over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of the estimated useful lives of the improvements or the terms of the related leases.
Other Real Estate Owned and Other Repossessed Assets	Other Real Estate Owned and Other Repossessed Assets 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. Costs relating to holding the assets are charged to expense. An allowance for OREO or other repossessed assets is established, through charges to expense, to maintain properties at fair value less estimated costs to sell. Operating results of OREO and other repossessed assets, including rental income and operating expenses, are included in other expenses.
Mortgage Servicing	Mortgage Servicing Lakeland performs various servicing functions on loans owned by others. A fee, usually based on a percentage of the outstanding principal balance of the loan, is received for these services. At December 31, 2015 and 2014, Lakeland was servicing approximately $30.0 million and $33.9 million, respectively, of loans for others. Lakeland originates certain mortgages under a definitive plan to sell or securitize those loans and service the loans owned by the investor. Upon the transfer of the mortgage loans in a sale or a securitization, Lakeland records the servicing assets retained. Lakeland records mortgage servicing rights and the loans based on relative fair values at the date of origination and evaluates the mortgage servicing rights for impairment at each reporting period. Lakeland also originates loans that it sells to other banks and investors and does not retain the servicing rights.
Mortgage Servicing Rights	Mortgage Servicing Rights When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. As of December 31, 2015 and 2014, Lakeland had originated mortgage servicing rights of $167,000 and $217,000, respectively. Under the amortization measurement method, Lakeland subsequently measures servicing rights at fair value at each reporting date and records any impairment in value of servicing assets in earnings in the period in which the impairment occurs. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Servicing fee income, which is reported on the income statement as commissions and fees, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan, and are recorded as income when earned.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, put presumptively beyond the reach of the transferor and its creditors even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Customer Derivatives	Customer Derivatives Lakeland enters into interest rate swaps (“swaps”) with loan customers to provide a facility to mitigate the fluctuations in the variable rate on the respective loans. These swaps are matched in offsetting terms to swaps that Lakeland enters into with an outside third party. The swaps are reported at fair value in other assets or other liabilities. Lakeland’s swaps qualify as derivatives, but are not designated as hedging instruments, thus any net gain or loss resulting from changes in the fair value is recognized in other non-interest income. Further discussion of Lakeland’s financial derivatives is set forth in Note 18 to the Consolidated Financial Statements. The credit risk associated with derivatives executed with customers is similar as that involved in extending loans and is subject to normal credit policies. Collateral may be obtained based on management’s assessment of the customer. The positions of customer derivatives are recorded at fair value and changes in value are included in non-interest income on the consolidated statement of income.
Earnings Per Share	Earnings Per Share Earnings per share is calculated on the basis of the weighted average number of common shares outstanding during the year. Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Unless otherwise indicated, all weighted average, actual shares or per share information in the financial statements have been adjusted retroactively for the effect of stock dividends.
Employee Benefit Plans	Employee Benefit Plans The Company has certain employee benefit plans covering substantially all employees. The Company accrues such costs as incurred. We recognize the overfunded or underfunded status of pension and postretirement benefit plans in accordance with U.S. GAAP. Actuarial gains and losses, prior service costs or credits, and any remaining transition assets or obligations are recognized as a component of Accumulated Other Comprehensive Income, net of tax effects, until they are amortized as a component of net periodic benefit cost.
Stock-Based Compensation	Stock-Based Compensation The Company’s shareholders approved the 2009 Equity Compensation Program, which authorizes the granting of incentive stock options, supplemental stock options, restricted shares and restricted stock units to employees of the Company, including those employees serving as officers and directors of the Company. The plan authorizes the issuance of up to 2.3 million shares in connection with options and awards granted under the 2009 program. The Company’s stock option grants under this plan expire 10 years from the date of grant, ninety days after termination of service other than for cause, or one year after death or disability of the grantee. In 2014, the Company began issuing restricted stock units (RSUs), some of which have performance conditions attached to them. The Company generally issues shares for option exercises from its treasury stock using the cost method or issues new shares if no treasury shares are available. The Company established the 2000 Equity Compensation Program which authorizes the granting of incentive stock options, supplemental stock options and restricted stock to employees of the Company, which includes those employees serving as officers and directors of the Company. The plan authorized 2,613,185 shares of common stock of the Company. All of the Company’s stock option grants expire 10 years from the date of grant, thirty days after termination of service other than for cause, or one year after death or disability of the grantee. The Company has no option or restricted stock awards with market or performance conditions attached to them under the 2000 Equity Compensation Program. No further awards will be granted from the 2000 program.
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Company reports comprehensive income (loss) in addition to net income (loss) from operations. Comprehensive income (loss) is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income.
Goodwill and Other Identifiable Intangible Assets	Goodwill and Other Identifiable Intangible Assets The Company reviews goodwill for impairment annually as of November 30 or when circumstances indicate a potential for impairment at the reporting unit level. U.S. GAAP requires at least an annual review of the fair value of a Reporting Unit that has goodwill in order to determine if it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If this qualitative test determines it is unlikely (less than 50% probability) the carrying value of the Reporting Unit is less than its fair value, then the company does not have to perform a Step One impairment test. If the probability is greater than 50%, a Step One goodwill impairment test is required. The Step One test compares the fair value of each reporting unit to the carrying value of its net assets, including goodwill. If the fair value is less than carrying value, the Step Two test is required. The Company has determined that it has one reporting unit, Community Banking. The Company performed a qualitative analysis to determine whether “the weight of evidence, the significance of all identified events and circumstances” indicated a greater than 50% likelihood existed that the carrying value of the Reporting Unit exceeded its fair value and if a Step One Test would be required. The Company identified nine qualitative assessments that are relative to the banking industry and to the Company. These factors included macroeconomic factors, banking industry conditions, banking merger and acquisition trends, Lakeland’s historical performance, the Company’s stock price, the expected performance of Lakeland, the change of control premium of the Company versus its peers and other miscellaneous factors. After reviewing and weighting these factors, the Company, as well as a third party adviser, determined as of November 30, 2015 that there was a less than 50% probability that the fair value of the Company was less than its carrying amount. Therefore, no Step One test was required.
Bank Owned Life Insurance	Bank Owned Life Insurance Lakeland invests in bank owned life insurance (“BOLI”). BOLI involves the purchasing of life insurance by Lakeland on a chosen group of employees. Lakeland is owner and beneficiary of the policies. At December 31, 2015 and 2014, Lakeland had $65.4 million and $57.5 million, respectively, in BOLI. Income earned on BOLI was $2.0 million, $1.5 million and $1.4 million for the years ended December 31, 2015, 2014 and 2013, respectively. BOLI is accounted for using the cash surrender value method and is recorded at its net realizable value.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that will be in effect when these differences reverse. Deferred tax expense is the result of changes in deferred tax assets and liabilities. The principal types of differences between assets and liabilities for financial statement and tax return purposes are allowance for loan and lease losses, core deposit intangibles, deferred loan fees and deferred compensation. The Company evaluates tax positions that may be uncertain using a recognition threshold of more-likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. Additional information regarding the Company’s uncertain tax positions is set forth in Note 9 to the Consolidated Financial Statements.
Variable Interest Entities	Variable Interest Entities Management has determined that Lakeland Bancorp Capital Trust II and Lakeland Bancorp Capital Trust IV (collectively, “the Trusts”) qualify as variable interest entities. The Trusts issued mandatorily redeemable preferred stock to investors and loaned the proceeds to the Company. The Trusts hold, as their sole asset, subordinated debentures issued by the Company. The Company is not considered the primary beneficiary of the Trusts, therefore the Trusts are not consolidated in the Company’s financial statements. The Company’s maximum exposure to the Trusts is $30 million at December 31, 2015 which is the Company’s liability to the Trusts and includes the Company’s investment in the Trusts. The Federal Reserve has issued guidance on the regulatory capital treatment for the trust preferred securities issued by the Trusts. The rule retains the current maximum percentage of total capital permitted for trust preferred securities at 25%, but enacts other changes to the rules governing trust preferred securities that affect their use as part of the collection of entities known as “restricted core capital elements.” The rule allows bank holding companies to continue to count trust preferred securities as Tier 1 Capital. The Company’s capital ratios continue to be categorized as “well-capitalized” under the regulatory framework for prompt corrective action. Under the Collins Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act, any new issuance of trust preferred securities by the Company would not be eligible as regulatory capital.
New Accounting Pronouncements	New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued accounting guidance that requires all lessees to recognize a lease liability and a right-of-use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that reporting period, with early adoption permitted. A modified retrospective approach must be applied for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is currently assessing the impact that the guidance will have on the Company’s consolidated financial statements. In January 2016, the FASB issued an accounting standards update intended to improve the recognition and measurement of financial instruments. Specifically, the accounting standards update requires all equity instruments, with the exception of those that are accounted for under the equity method of accounting, to be measured at fair value with changes in the fair value recognized through net income. Additionally, public business entities are required to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This amendment is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. In September 2015, the FASB issued an accounting standards update simplifying the accounting for adjustments made to provisional amounts recognized in a business combination, eliminating the requirement to retrospectively account for those adjustments. To simplify the accounting for adjustments made to provisional amounts, the amendments in the accounting standards update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition, an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. This amendment is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. In May 2015, the FASB issued an accounting standards update clarifying how investments valued using the net asset value practical expedient within the fair value hierarchy should be classified. The accounting standards update was issued to address diversity in practice by exempting investments measured using the net asset value expedient from categorization in the fair value hierarchy. This accounting standards update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this update is not expected to have a material impact on the Company’s financial statements. In April 2015, the FASB issued an accounting standards update requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability consistent with the presentation of debt discounts. The purpose of this update is to simplify the presentation of debt issuance costs and to align the US GAAP presentation of debt more closely with international accounting standards. In August 2015, the FASB issued a subsequent update which discussed presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. These amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of these updates are not expected to have a material impact on the Company’s financial statements. In January 2015, the FASB issued an accounting standards update regarding the elimination of the concept of the extraordinary items from the statement of operations. The purpose of this update is to simplify the statement of operations presentation and to align the US GAAP income statement more closely with international accounting standards. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this update is not expected to have a material impact on the Company’s financial statements. In June 2014, the FASB issued an accounting standards update that aligns the accounting for repurchase to maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. Going forward, these transactions would all be accounted for as secured borrowings. This update is effective for the first interim or annual period beginning after December 15, 2014. In addition, the disclosure of certain transactions accounted for as a sale is effective for the first interim or annual period beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and interim periods after March 15, 2015. The Company adopted this update in 2015. The Company does not engage in repurchase to maturity transactions, and therefore the adoption of this update did not have a material impact on the Company’s financial results. In May 2014, the FASB issued an accounting standards update that clarifies the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for these goods or services. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is still evaluating the potential impact on the Company’s financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2015
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 securities are as follows: AVAILABLE FOR SALE December 31, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value (in thousands) (in thousands) U.S. treasury and U.S. government agencies $ 97,617 $ 190 $ (674 ) $ 97,133 $ 94,466 $ 261 $ (807 ) $ 93,920 Mortgage-backed securities, residential 280,018 1,717 (2,283 ) 279,452 309,162 2,868 (2,075 ) 309,955 Mortgage-backed securities, multifamily 10,249 — (129 ) 10,120 4,973 3 — 4,976 Obligations of states and political subdivisions 35,639 910 (51 ) 36,498 29,764 888 (133 ) 30,519 Other debt securities 498 3 — 501 494 11 — 505 Equity securities 16,550 2,393 (298 ) 18,645 16,196 1,589 (211 ) 17,574 $ 440,571 $ 5,213 $ (3,435 ) $ 442,349 $ 455,055 $ 5,620 $ (3,226 ) $ 457,449
Reconciliation of Held-to-Maturity Securities	The amortized cost, gross unrealized gains and losses, and the fair value of the Company’s available for sale and held to maturity securities are as follows: HELD TO MATURITY December 31, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value (in thousands) (in thousands) U.S. government agencies $ 30,477 $ 289 $ (94 ) $ 30,672 $ 20,477 $ 232 $ (84 ) $ 20,625 Mortgage-backed securities, residential 36,466 411 (426 ) 36,451 42,309 645 (385 ) 42,569 Mortgage-backed securities, multifamily 2,159 — (60 ) 2,099 2,259 — (60 ) 2,199 Obligations of states and political subdivisions 45,617 809 (156 ) 46,270 41,401 658 (90 ) 41,969 Other debt securities 2,021 81 — 2,102 1,530 138 — 1,668 $ 116,740 $ 1,590 $ (736 ) $ 117,594 $ 107,976 $ 1,673 $ (619 ) $ 109,030
Summary of Contractual Maturities of Investment Securities Classified as Available for Sale and Held to Maturity	The following table lists contractual maturities of investment securities classified as available for sale and held to maturity. 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. December 31, 2015 Available for Sale Held to Maturity Amortized Fair Value Amortized Fair Value (in thousands) Due in one year or less $ 3,180 $ 3,214 $ 6,407 $ 6,407 Due after one year through five years 75,011 75,301 18,478 18,732 Due after five years through ten years 51,464 51,477 45,734 46,296 Due after ten years 4,099 4,140 7,496 7,609 133,754 134,132 78,115 79,044 Mortgage-backed securities 290,267 289,572 38,625 38,550 Equity securities 16,550 18,645 — — Total securities $ 440,571 $ 442,349 $ 116,740 $ 117,594
Sales of Securities, Gross Gains and Gross Losses on Sales of Securities	The following table shows proceeds from sales of securities, gross gains and gross losses on sales and calls of securities for the periods indicated: Years ended December 31, 2015 2014 2013 (in thousands) Sale proceeds $ 33,613 $ 17,020 $ 64,020 Gross gains 304 346 893 Gross losses (63 ) (344 ) (54 )
Reconciliation of Available-for-Sale and Held-to-Maturity Securities in Continuous Unrealized Loss Position	The following table indicates the length of time individual securities have been in a continuous unrealized loss position at December 31, 2015 and 2014: December 31, 2015 Less than 12 months 12 months or longer Total Fair value Unrealized Fair Unrealized Number of Fair value Unrealized (dollars in thousands) AVAILABLE FOR SALE U.S. treasury and $ 80,192 $ 674 $ — $ — 16 $ 80,192 $ 674 Mortgage-backed securities, residential 103,749 1,043 50,095 1,240 50 153,844 2,283 Mortgage-backed securities, multifamily 10,120 129 — — 2 10,120 129 Obligations of states and political subdivisions 2,051 4 1,466 47 7 3,517 51 Equity securities 247 24 4,643 274 3 4,890 298 $ 196,359 $ 1,874 $ 56,204 $ 1,561 78 $ 252,563 $ 3,435 HELD TO MATURITY U.S. government agencies $ 15,683 $ 94 $ — $ — 3 $ 15,683 $ 94 Mortgage-backed securities, residential 20,283 262 6,687 164 11 26,970 426 Mortgage-backed securities, multifamily 1,223 18 876 42 2 2,099 60 Obligations of states and political subdivisions 9,181 149 2,043 7 15 11,224 156 $ 46,370 $ 523 $ 9,606 $ 213 31 $ 55,976 $ 736 December 31, 2014 Less than 12 months 12 months or longer Total Fair Unrealized Fair value Unrealized Number of Fair value Unrealized (dollars in thousands) AVAILABLE FOR SALE U.S. treasury and $ 5,057 $ 28 $ 46,135 $ 779 11 $ 51,192 $ 807 Mortgage-backed securities, residential 34,832 177 74,414 1,898 28 109,246 2,075 Obligations of states and political subdivisions 1,266 29 5,033 104 12 6,299 133 Equity securities — — 4,819 211 2 4,819 211 $ 41,155 $ 234 $ 130,401 $ 2,992 53 $ 171,556 $ 3,226 HELD TO MATURITY U.S. government agencies $ — $ — $ 5,736 $ 84 1 $ 5,736 $ 84 Mortgage-backed securities, residential 6,236 50 17,557 335 8 23,793 385 Mortgage-backed securities, multifamily — — 2,199 60 2 2,199 60 Obligations of states and political subdivisions 1,290 7 4,206 83 13 5,496 90 $ 7,526 $ 57 $ 29,698 $ 562 24 $ 37,224 $ 619

Loans and Leases and Other Re31

Loans and Leases and Other Real Estate (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Composition of Lakeland`s Loan and Lease Portfolio	The following sets forth the composition of Lakeland’s loan and lease portfolio for the years ended December 31, 2015 and 2014: December 31, 2015 2014 (in thousands) Commercial, secured by real estate $ 1,761,589 $ 1,529,761 Commercial, industrial and other 307,044 238,252 Leases 56,660 54,749 Real estate-residential mortgage 389,692 431,190 Real estate-construction 118,070 64,020 Home equity and consumer 334,891 337,642 Total loans and leases 2,967,946 2,655,614 Less deferred fees (2,746 ) (1,788 ) Loans and leases, net of deferred fees $ 2,965,200 $ 2,653,826
Lakeland's Non-Accrual Loans and Leases and Its Accruing Troubled Debt Restructurings (TDRs)	The following schedule sets forth certain information regarding Lakeland’s non-accrual loans and leases, its other real estate owned and other repossessed assets, and accruing troubled debt restructurings (TDRs): At December 31, (in thousands) 2015 2014 Commercial, secured by real estate $ 10,446 $ 7,424 Commercial, industrial and other 103 308 Leases 316 88 Real estate - residential mortgage 8,664 9,246 Real estate - construction — 188 Home equity and consumer 3,167 3,415 Total non-accrual loans and leases 22,696 20,669 Other real estate and other repossessed assets 983 1,026 TOTAL NON-PERFORMING ASSETS $ 23,679 $ 21,695 Troubled debt restructurings, still accruing $ 10,108 $ 10,579
Age Analysis of Past Due Loans, Segregated by Class of Loans	An age analysis of past due loans, segregated by class of loans as of December 31, 2015 and 2014 is as follows: December 31, 2015 30-59 Days 60-89 Days Greater Total Current Total Loans Recorded (in thousands) Commercial, secured by real estate $ 1,465 $ 693 $ 7,853 $ 10,011 $ 1,751,578 $ 1,761,589 $ — Commercial, industrial and other 205 — 103 308 306,736 307,044 — Leases 62 26 316 404 56,256 56,660 — Real estate - residential mortgage 1,361 725 7,472 9,558 380,134 389,692 — Real estate - construction — — — — 118,070 118,070 — Home equity and consumer 876 141 3,498 4,515 330,376 334,891 331 $ 3,969 $ 1,585 $ 19,242 $ 24,796 $ 2,943,150 $ 2,967,946 $ 331 December 31, 2014 30-59 Days 60-89 Days Greater Total Current Total Loans Recorded (in thousands) Commercial, secured by real estate $ 2,714 $ 2,999 $ 5,972 $ 11,685 $ 1,518,076 $ 1,529,761 $ — Commercial, industrial and other 944 2 308 1,254 236,998 238,252 — Leases 108 24 88 220 54,529 54,749 — Real estate - residential mortgage 3,325 354 6,710 10,389 420,801 431,190 — Real estate - construction 224 — 188 412 63,608 64,020 — Home equity and consumer 1,583 598 2,951 5,132 332,510 337,642 66 $ 8,898 $ 3,977 $ 16,217 $ 29,092 $ 2,626,522 $ 2,655,614 $ 66
Impaired Loans with and without Specific Allowances	December 31, 2015 Recorded Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 14,065 $ 14,712 $ — $ 344 $ 12,928 Commercial, industrial and other 209 887 — 14 749 Leases — — — — — Real estate - residential mortgage 2,195 2,242 — — 2,096 Real estate - construction — — — — 94 Home equity and consumer 574 575 — 5 762 Loans with related allowance: Commercial, secured by real estate 5,721 5,918 598 271 6,249 Commercial, industrial and other 1,023 1,023 77 32 717 Leases 6 6 1 — — Real estate-residential mortgage 832 865 73 37 840 Real estate-construction 380 380 21 13 308 Home equity and consumer 1,001 1,013 73 54 1,006 Total: Commercial, secured by real estate $ 19,786 $ 20,630 $ 598 $ 615 $ 19,177 Commercial, industrial and other 1,232 1,910 77 46 1,466 Leases 6 6 1 — — Real estate - residential mortgage 3,027 3,107 73 37 2,936 Real estate - construction 380 380 21 13 402 Home equity and consumer 1,575 1,588 73 59 1,768 $ 26,006 $ 27,621 $ 843 $ 770 $ 25,749 December 31, 2014 Recorded Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 14,172 $ 15,520 $ — $ 436 $ 16,092 Commercial, industrial and other 327 1,697 — 43 1,513 Real estate-residential mortgage 1,681 1,681 — — 308 Real estate-construction 188 552 — — 464 Home equity and consumer 741 741 — 7 153 Loans with related allowance: Commercial, secured by real estate 5,666 5,818 634 156 3,858 Commercial, industrial and other 425 425 10 9 342 Real estate - residential mortgage 1,238 1,238 217 19 438 Real estate - construction — — — — — Home equity and consumer 1,255 1,255 1,031 41 975 Total: Commercial, secured by real estate $ 19,838 $ 21,338 $ 634 $ 592 $ 19,950 Commercial, industrial and other 752 2,122 10 52 1,855 Real estate - residential mortgage 2,919 2,919 217 19 746 Real estate - construction 188 552 — — 464 Home equity and consumer 1,996 1,996 1,031 48 1,128 $ 25,693 $ 28,927 $ 1,892 $ 711 $ 24,143 December 31, 2013 Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 8,223 $ 9,656 $ — $ 198 $ 8,853 Commercial, industrial and other 4,020 4,118 — 189 4,333 Real estate - residential mortgage 617 672 — — 622 Real estate - construction 501 2,411 — — 2,111 Home equity and consumer 17 17 — 1 17 Loans with related allowance: Commercial, secured by real estate 10,152 10,217 739 442 9,727 Commercial, industrial and other 155 155 31 5 396 Home equity and consumer 934 936 140 42 907 Total: Commercial, secured by real estate $ 18,375 $ 19,873 $ 739 $ 640 $ 18,580 Commercial, industrial and other 4,175 4,273 31 194 4,729 Real estate - residential mortgage 617 672 — — 622 Real estate - construction 501 2,411 — — 2,111 Home equity and consumer 951 953 140 43 924 $ 24,619 $ 28,182 $ 910 $ 877 $ 26,966
Lakeland's Commercial Loan Portfolio	The following table shows Lakeland’s commercial loan portfolio as of December 31, 2015 and 2014, by the risk ratings discussed above (in thousands): December 31, 2015 Risk Rating Commercial, secured by real estate Commercial, Industrial Real estate- 1 $ — $ 3,517 $ — 2 — 9,662 — 3 65,199 56,895 — 4 526,909 111,702 19,125 5 1,044,888 105,301 94,535 5W - Watch 43,342 4,259 146 6 - Other Assets Especially Mentioned 34,570 4,105 1,851 7 - Substandard 46,681 11,603 2,413 8 - Doubtful — — — 9 - Loss — — — Total $ 1,761,589 $ 307,044 $ 118,070 December 31, 2014 Risk Rating Commercial, secured by Commercial, Industrial Real estate- 1 $ — $ 1,040 $ — 2 — 8,755 — 3 69,243 30,386 — 4 479,667 91,836 7,527 5 867,023 69,723 51,833 5W - Watch 40,991 15,572 225 6 - Other Assets Especially Mentioned 27,764 8,057 2,710 7 - Substandard 45,073 12,883 1,725 8 - Doubtful — — — 9 - Loss — — — Total $ 1,529,761 $ 238,252 $ 64,020
Allowance for Loan and Lease Losses by Portfolio Segment and Related Recorded Investment in Loans and Leases	The following table details activity in the allowance for loan and lease losses by portfolio segment and the related recorded investment in loans and leases for the years ended December 31, 2015, 2014 and 2013: 12/31/2015 Commercial, Commercial, Leases Real Real estate- Home Unallocated Total (in thousands) Allowance for Loan and Lease Losses: Beginning Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Charge-offs (1,821 ) (205 ) (548 ) (375 ) (20 ) (1,511 ) — (4,480 ) Recoveries 2,221 183 26 63 106 129 — 2,728 Provision 6,246 (537 ) 400 (1,120 ) 952 (1,576 ) (2,423 ) 1,942 Ending Balance $ 20,223 $ 2,637 $ 460 $ 2,588 $ 1,591 $ 3,375 $ — $ 30,874 Ending Balance: Individually evaluated for impairment $ 598 $ 77 $ 1 $ 73 $ 21 $ 73 $ — $ 843 Ending Balance: Collectively evaluated for impairment 19,625 2,560 459 2,515 1,570 3,302 — $ 30,031 Ending Balance $ 20,223 $ 2,637 $ 460 $ 2,588 $ 1,591 $ 3,375 $ — $ 30,874 Loans and Leases: Ending Balance: Individually evaluated for impairment $ 19,786 $ 1,232 $ 6 $ 3,027 $ 380 $ 1,575 $ — $ 26,006 Ending Balance: Collectively evaluated for impairment 1,741,803 305,812 56,654 386,665 117,690 333,316 — $ 2,941,940 Ending Balance(1) $ 1,761,589 $ 307,044 $ 56,660 $ 389,692 $ 118,070 $ 334,891 $ — $ 2,967,946 (1) Excludes deferred fees 12/31/2014 Commercial, Commercial, Leases Real Real estate- Home Unallocated Total (in thousands) Allowance for Loan and Lease Losses: Beginning Balance $ 14,463 $ 5,331 $ 504 $ 3,214 $ 542 $ 2,737 $ 3,030 $ 29,821 Charge-offs (2,282 ) (999 ) (597 ) (827 ) (25 ) (2,697 ) — (7,427 ) Recoveries 999 1,039 19 42 106 220 — 2,425 Provision 397 (2,175 ) 656 1,591 (70 ) 6,073 (607 ) 5,865 Ending Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Ending Balance: Individually evaluated for impairment $ 634 $ 10 $ — 217 — $ 1,031 $ — $ 1,892 Ending Balance: Collectively evaluated for impairment 12,943 3,186 582 3,803 553 5,302 2,423 $ 28,792 Ending Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Loans and Leases: Ending Balance: Individually evaluated for impairment $ 19,838 $ 752 $ — $ 2,919 $ 188 $ 1,996 $ — $ 25,693 Ending Balance: Collectively evaluated for impairment 1,509,923 237,500 54,749 428,271 63,832 335,646 — $ 2,629,921 Ending Balance(1) $ 1,529,761 $ 238,252 $ 54,749 $ 431,190 $ 64,020 $ 337,642 $ — $ 2,655,614 (1) Excludes deferred costs 12/31/2013 Commercial, Commercial, Leases Real Real estate- Home Unallocated Total (in thousands) Allowance for Loan and Lease Losses: Beginning Balance $ 16,258 $ 5,103 $ 578 $ 3,568 $ 587 $ 2,837 $ — $ 28,931 Charge-offs (2,026 ) (1,324 ) (206 ) (1,257 ) (3,854 ) (1,624 ) — (10,291 ) Recoveries 1,061 260 121 99 14 283 — 1,838 Provision (830 ) 1,292 11 804 3,795 1,241 3,030 9,343 Ending Balance $ 14,463 $ 5,331 $ 504 $ 3,214 $ 542 $ 2,737 $ 3,030 $ 29,821 Ending Balance: Individually evaluated for impairment $ 739 $ 31 $ — $ — $ — $ 140 $ — $ 910 Ending Balance: Collectively evaluated for impairment 13,724 5,300 504 3,214 542 2,597 $ 3,030 $ 28,911 Ending Balance: Loans acquired with deteriorated credit quality — — — — — — — — Ending Balance $ 14,463 $ 5,331 $ 504 $ 3,214 $ 542 $ 2,737 $ 3,030 $ 29,821 Loans and Leases: Ending Balance: Individually evaluated for impairment $ 18,375 $ 4,175 $ — $ 617 $ 501 $ 951 $ — $ 24,619 Ending Balance: Collectively evaluated for impairment 1,371,486 209,633 41,332 432,214 52,618 337,976 — $ 2,445,259 Ending Balance: Loans acquired with deteriorated credit quality — — — — — 411 — $ 411 Ending Balance(1) $ 1,389,861 $ 213,808 $ 41,332 $ 432,831 $ 53,119 $ 339,338 $ — $ 2,470,289 (1) Excludes deferred costs
Summary of Restructured Loans	The following table summarizes loans that have been restructured during the periods presented: For the year ended December 31, 2015 For the year ended December 31, 2014 Number of Pre- Post- Number of Pre- Post- (Dollars in thousands) (Dollars in thousands) Troubled Debt Restructurings: Commercial, secured by real estate 2 $ 1,458 $ 1,458 5 $ 4,146 $ 4,146 Commercial, industrial and other 3 1,934 1,934 2 285 285 Leases 1 14 14 — — — Real estate - residential mortgage — — — 5 1,238 1,238 Real estate - construction 1 396 396 — — — Home equity and consumer 1 9 9 9 840 840 8 $ 3,811 $ 3,811 21 $ 6,509 $ 6,509
Summary of Restructured Loans within Previous 12 Months that have Subsequently Defaulted	The following table presents loans modified as TDRs within the previous 12 months from December 31, 2015 and 2014 that have defaulted during the subsequent twelve months: For the year ended December 31, 2015 For the year ended Number of Recorded Number of Recorded (Dollars in thousands) (Dollars in thousands) Defaulted Troubled Debt Restructurings: Commercial, secured by real estate — $ — 1 $ 32 Real estate - residential mortgage — — 1 354 Home equity and consumer — — 2 238 — $ — 4 $ 624
Summary of Future Minimum Lease Payments of Lease Receivables	Future minimum lease payments of lease receivables are as follows (in thousands): 2015 $ 20,520 2016 16,554 2017 11,419 2018 5,977 2019 1,956 Thereafter 234 $ 56,660

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	Estimated December 31, useful lives 2015 2014 (in thousands) Land Indefinite $ 6,039 $ 6,319 Buildings and building improvements 10 to 50 years 35,469 34,951 Leasehold improvements 10 to 25 years 10,361 9,845 Furniture, fixtures and equipment 2 to 30 years 35,900 38,773 87,769 89,888 Less accumulated depreciation and amortization 51,888 54,213 $ 35,881 $ 35,675

Time Deposits (Tables)

Time Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Schedule of Maturities of Certificates of Deposit	At December 31, 2015, the schedule of maturities of certificates of deposit is as follows (in thousands): Year 2016 $ 218,887 2017 76,465 2018 39,038 2019 8,720 2020 198 Thereafter 13 $ 343,321

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Summary of Information Relating to Securities Sold Under Agreements to Repurchase and Federal Funds Purchased	The following tables summarize information relating to securities sold under agreements to repurchase and federal funds purchased for the years presented. For purposes of the tables, the average amount outstanding was calculated based on a daily average. Federal funds purchased: 2015 2014 2013 (dollars in thousands) Balance at December 31 $ 115,000 $ 81,000 $ 50,000 Interest rate at December 31 0.65 % 0.35 % 0.37 % Maximum amount outstanding at any month-end during the year $ 130,000 $ 117,000 $ 81,000 Average amount outstanding during the year $ 22,734 $ 17,605 $ 8,424 Weighted average interest rate during the year 0.45 % 0.39 % 0.34 % Securities sold under agreements to repurchase: 2015 2014 2013 (dollars in thousands) Balance at December 31 $ 36,234 $ 27,935 $ 31,991 Interest rate at December 31 0.02 % 0.02 % 0.02 % Maximum amount outstanding at any month-end during the year $ 40,140 $ 54,550 $ 48,315 Average amount outstanding during the year $ 31,293 $ 38,192 $ 37,277 Weighted average interest rate during the year 0.03 % 0.03 % 0.03 %
Summary of FHLB Debt Matures	FHLB debt matures as follows (in thousands): 2016 $ 67,798 2017 87,355 2018 66,752 $ 221,905
Summary of Long-Term Securities Sold Under Agreements to Repurchase Mature	These long-term securities sold under agreements to repurchase mature as follows (in thousands): 2016 $ 10,000 2017 — 2018 30,000 Thereafter 10,000 $ 50,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Components of Income Taxes	The components of income taxes are as follows: Years Ended December 31, 2015 2014 2013 (in thousands) Current tax provision $ 16,991 $ 15,193 $ 12,286 Deferred tax (benefit) provision (824 ) (34 ) 164 Total provision for income taxes $ 16,167 $ 15,159 $ 12,450
Summary of Income Tax Provision Reconciled to Income Taxes that Computed at Statutory Federal Rate	The income tax provision reconciled to the income taxes that would have been computed at the statutory federal rate of 35% is as follows: Years Ended December 31, 2015 2014 2013 (in thousands) Federal income tax, at statutory rates $ 17,028 $ 16,201 $ 13,097 Increase (deduction) in taxes resulting from: Tax-exempt income (1,467 ) (1,387 ) (1,370 ) State income tax, net of federal income tax effect 132 337 339 Other, net 474 8 384 Provision for income taxes $ 16,167 $ 15,159 $ 12,450
Summary of Net Deferred Tax Asset	The net deferred tax asset consisted of the following: December 31, 2015 2014 Deferred tax assets: (in thousands) Allowance for loan and lease losses $ 13,445 $ 13,014 Share based compensation plans 857 686 Purchase accounting fair market value adjustments 431 694 Non-accrued interest 632 554 Deferred compensation 2,207 1,814 Other than temporary impairment loss on investment securities 255 255 Unfunded pension benefits 9 9 Other, net 579 537 Deferred tax assets 18,415 17,563 Deferred tax liabilities: Core deposit intangible from acquired companies 631 800 Undistributed income from subsidiary not consolidated for tax return purposes (REIT). 845 724 Deferred loan costs 1,433 1,407 Prepaid expenses 549 460 Depreciation and amortization 1,440 1,438 Deferred gain on securities 194 194 Unrealized gains on securities available for sale 622 862 Other 591 633 Deferred tax liabilities 6,305 6,518 Net deferred tax assets, included in other assets $ 12,110 $ 11,045

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following tables present the computation of basic and diluted earnings per share for the periods presented. Year ended December 31, 2015 Income Shares Per share (in thousands, except per share amounts) Basic earnings per share Net income available to common shareholders $ 32,481 37,844 $ 0.86 Less: earnings allocated to participating securities (263 ) (0.01 ) Net income available to common shareholders $ 32,218 37,844 $ 0.85 Effect of dilutive securities Stock options and restricted stock — 149 — Diluted earnings per share Net income available to common shareholders plus assumed conversions $ 32,218 37,993 $ 0.85 Year ended December 31, 2014 Income Shares Per share (in thousands, except per share amounts) Basic earnings per share Net income available to common shareholders $ 31,129 37,749 $ 0.82 Less: earnings allocated to participating securities (222 ) 0.00 Net income available to common shareholders $ 30,907 37,749 $ 0.82 Effect of dilutive securities Stock options and restricted stock — 120 — Diluted earnings per share Net income available to common shareholders plus assumed conversions $ 30,907 37,869 $ 0.82 Year ended December 31, 2013 Income Shares Per share (in thousands, except per share amounts) Basic earnings per share Net income available to common shareholders $ 24,969 34,742 $ 0.72 Less: earnings allocated to participating securities (178 ) (0.01 ) Net income available to common shareholders $ 24,791 34,742 $ 0.71 Effect of dilutive securities Stock options and restricted stock — 160 — Diluted earnings per share Net income available to common shareholders plus assumed conversions $ 24,791 34,902 $ 0.71

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Fair Value and Portfolio Allocations of Plan Assets	The following table shows the fair value and the portfolio allocations of the assets in the Plan by type of investment as of December 31, 2014 (dollars in thousands): December 31, 2014 Market Percent of Cash and cash equivalents $ 519 26 % Fixed Income Mutual funds 976 48 % U.S. Large-Cap funds 525 26 % $ 2,020 100 %
Summary of Accumulated Benefit Obligation	The accumulated benefit obligation as of December 31 is as follows: (in thousands) 2015 2014 Accumulated postretirement benefit obligation $ 2,334 $ 2,027 Interest Cost 14 94 Actuarial loss 213 401 Divestiture Curtailments or settlements (2,508 ) — Estimated benefit payments (53 ) (188 ) Total accumulated postretirement benefit obligation — 2,334 Fair value of plan assets beginning of period 2,020 1,987 Return on plan assets 9 61 Benefits paid (2,561 ) (188 ) Contribution 532 160 Fair value of plan assets at end of year — 2,020 Funded status — (314 ) Unrecognized net actuarial loss — — Liability $ — $ (314 ) Accumulated benefit obligation $ — $ 2,334
Components of Net Periodic Pension Cost	The components of net periodic pension cost are as follows: (in thousands) 2015 2014 2013 Amortization of actuarial loss $ 84 $ 39 $ 82 Interest cost on APBO 14 94 90 Expected return on plan assets (74 ) (95 ) (72 ) Net periodic postretirement cost $ 24 $ 38 $ 100
Director [Member]
Components of Net Periodic Pension Cost	Years ended December 31, 2015 2014 2013 (in thousands) Net periodic plan cost included the following components: Service cost $ 19 $ 26 $ 29 Interest cost 46 39 36 Amortization of prior service cost 13 14 21 $ 78 $ 79 $ 86

Directors Retirement Plan (Tabl

Directors Retirement Plan (Tables) - Director [Member]	12 Months Ended
	Dec. 31, 2015
Status of Directors Retirement Plan	The measurement date for the accumulated benefit obligation is December 31 of the years presented. December 31, 2015 2014 (in thousands) Accrued plan cost included in other liabilities $ 702 $ 743 Amount not recognized as component of net postretirement benefit cost Recognized in accumulated other comprehensive income Net actuarial gain ($ 41 ) ($ 141 ) Unrecognized prior service cost — — Amounts not recognized as a component of net postretirement benefit (benefit) ($ 41 ) ($ 141 )
Benefits Expected to be Paid	The director’s retirement plan holds no plan assets. The benefits expected to be paid in each of the next five years and in aggregate for the five years thereafter are as follows (in thousands): 2016 $ 75 2017 70 2018 75 2019 63 2020 62 2021 - 2025 188

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Weighted Average Assumptions Used to Estimate Options Using Black-Scholes Pricing Model	The fair value of these options were estimated using the Black-Scholes pricing model with the following weighted average assumptions: Risk-free interest rates 1.55 % Expected dividend yield 2.82 % Expected volatility 45.45 % Expected lives (years) 7.00 Weighted average fair value of options granted $ 3.31
Option Activity under the Company's Stock Option Plans	A summary of the status of the Company’s option plans as of December 31, 2015 and the changes during the year ending on that date is represented below. Number Weighted Weighted (in years) Aggregate Outstanding, beginning of year 311,705 $ 9.69 $ 681,861 Granted — — Exercised (16,918 ) 7.34 Expired (86,110 ) 12.13 Forfeited (32,785 ) 11.48 Outstanding, end of year 175,892 $ 8.38 5.03 $ 602,236 Options exercisable at year-end 154,891 $ 8.22 4.70 $ 552,308
Summary of Company's Non-Vested Options Under Company's Option Plans	A summary of the Company’s non-vested options under the Company’s option plans as of December 31, 2015 and changes for the year then ended is presented below. Non-vested Options Shares Weighted-Average Grant-date Non-vested, January 1, 2015 31,501 $ 3.31 Granted — — Vested (10,500 ) 3.31 Non-vested, December 31, 2015 21,001 $ 3.31
Summary of Company's Restricted Stock	Information regarding the Company’s restricted stock for the year ended December 31, 2015 is as follows: Number Weighted Outstanding, January 1, 2015 160,284 $ 9.21 Granted — — Vested (86,696 ) 9.11 Forfeited (88 ) 9.39 Outstanding, December 31, 2015 73,500 $ 9.33 Information regarding the Company’s RSUs and changes during the year ended December 31, 2015 is as follows: Number of Weighted Outstanding, January 1, 2015 98,535 $ 10.64 Granted 137,009 11.08 Vested (33,919 ) 11.03 Forfeited (715 ) 10.78 Outstanding, December 31, 2015 200,910 $ 10.87
Somerset Hills Bancorp [Member]
Summary of Weighted Average Assumptions Used to Estimate Options Using Black-Scholes Pricing Model	The fair value of these options were estimated using the Black Scholes pricing model with the following range of assumptions: Risk-free interest rates 0.04% - 1.55% Expected dividend yield 2.82% Expected volatility 13% - 47% Expected lives (years) 3 months - 7 years Weighted average fair value of options granted $3.79

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Aggregate Future Minimum Commitments of Lease Payments	At December 31, 2015, the minimum commitments under all noncancellable leases with remaining terms of more than one year and expiring through 2033 are as follows (in thousands): Year 2016 $ 2,608 2017 2,283 2018 2,043 2019 1,835 2020 1,612 Thereafter 14,367 $ 24,748

Financial Instruments with Of41

Financial Instruments with Off-Balance-Sheet Risk and Concentrations of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Summary of Approximate Contract Amounts of Collateral or Other Security to Support Financial Instruments with Credit Risk	Lakeland generally requires collateral or other security to support financial instruments with credit risk. The approximate contract amounts are as follows: December 31, 2015 2014 (in thousands) Financial instruments whose contract amounts represent credit risk Commitments to extend credit $ 773,058 $ 621,305 Standby letters of credit and financial guarantees written 11,060 10,449

Comprehensive Income (Tables)

Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Components of Other Comprehensive Income	The following table shows the changes in the balances of each of the components of other comprehensive income for the periods presented: Year ended December 31, 2015 Before tax Tax Benefit Net of tax (dollars in thousands) Unrealized losses on available for sale securities Unrealized holding losses arising during period $ (375 ) $ 155 $ (220 ) Less reclassification adjustment for net gains realized in net income 241 (84 ) 157 Net unrealized losses on available for sale securities (616 ) 239 (377 ) Change in pension liabilities 3 1 4 Other comprehensive loss, net $ (613 ) $ 240 $ (373 ) Year ended December 31, 2014 Before tax Tax Benefit Net of tax (dollars in thousands) Unrealized gains on available for sale securities Unrealized holding gains arising during period $ 9,663 $ (3,483 ) $ 6,180 Less reclassification adjustment for net gains realized in net income 3 (1 ) 2 Net unrealized gains on available for sale securities 9,660 (3,482 ) 6,178 Change in pension liabilities 31 (11 ) 20 Other comprehensive income, net $ 9,691 $ (3,493 ) $ 6,198 Year ended December 31, 2013 Before tax Tax Benefit Net of tax (dollars in thousands) Unrealized losses on available for sale securities Unrealized holding losses arising during period $ (13,675 ) $ 4,985 $ (8,690 ) Less reclassification adjustment for net gains realized in net income 839 (330 ) 509 Net unrealized losses on available for sale securities (14,514 ) 5,315 (9,199 ) Change in pension liabilities 866 (278 ) 588 Other comprehensive loss, net $ (13,648 ) $ 5,037 $ (8,611 )
Summary of Changes in Accumulated Other Comprehensive Income	For the Year Ended For the Year Ended For the Year Ended Unrealized Unrealized Unrealized Pension Total Pension Total Pension Total (in thousands) Beginning Balance $ 1,531 ($ 8 ) $ 1,523 ($ 4,647 ) ($ 28 ) ($ 4,675 ) $ 4,552 ($ 616 ) $ 3,936 Other comprehensive income (loss) before classifications (220 ) 4 (216 ) 6,180 20 6,200 (8,690 ) 588 (8,102 ) Amounts reclassified from accumulated other comprehensive income (157 ) — (157 ) (2 ) — (2 ) (509 ) — (509 ) Net current period other comprehensive income (loss) (377 ) 4 (373 ) 6,178 20 6,198 (9,199 ) 588 (8,611 ) Ending balance $ 1,154 ($ 4 ) $ 1,150 $ 1,531 ($ 8 ) $ 1,523 ($ 4,647 ) ($ 28 ) ($ 4,675 ) * All amounts are net of tax.

Fair Value Measurement and Fa43

Fair Value Measurement and Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis	Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: December 31, 2015 Quoted Prices in Significant Significant Total Fair Assets: (in thousands ) Investment securities, available for sale U.S. treasury and government agencies $ 4,888 $ 92,245 $ — $ 97,133 Mortgage-backed securities — 289,572 — 289,572 Obligations of states and political subdivisions — 36,498 — 36,498 Corporate debt securities — 501 — 501 Equity securities 5,052 13,593 — 18,645 Total securities available for sale 9,940 432,409 — 442,349 Other Assets(a) — 1,518 — 1,518 Total Assets $ 9,940 $ 433,927 $ — $ 443,867 Other Liabilities(a) $ — $ 1,518 $ — $ 1,518 Total Liabilities $ — $ 1,518 $ — $ 1,518 (a) Non-hedging interest rate derivatives December 31, 2014 Quoted Prices in Significant Significant Total Fair (in thousands) Assets: Investment securities, available for sale U.S. treasury and government agencies $ 8,321 $ 85,599 $ — $ 93,920 Mortgage backed securities — 314,931 — 314,931 Obligations of states and political subdivisions — 30,519 — 30,519 Corporate debt securities — 505 — 505 Equity securities 4,154 13,420 — 17,574 Total securities available for sale 12,475 444,974 — 457,449 Other Assets(a) — 37 — 37 Total Assets $ 12,475 $ 445,011 $ — $ 457,486 Other Liabilities(a) $ — $ 37 $ — $ 37 Total Liabilities $ — $ 37 $ — $ 37 (a) Non-hedging interest rate derivatives
Fair Value of Financial Assets Measured on Nonrecurring Basis	The following table sets forth the Company’s financial assets subject to fair value adjustments (impairment) on a nonrecurring basis. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: December 31, 2015 (Level 1) (Level 2) (Level 3) Total (in thousands) Assets: Impaired Loans and Leases $ — $ — $ 26,006 $ 26,006 Loans held for sale — 1,233 — 1,233 Other real estate owned and other repossessed assets — — 983 983 December 31, 2014 (Level 1) (Level 2) (Level 3) Total (in thousands) Assets: Impaired Loans and Leases $ — $ — $ 25,693 $ 25,693 Loans held for sale — 592 — 592 Other real estate owned and other repossessed assets — — 1,026 1,026
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 December 31, 2015 and December 31, 2014: December 31, 2015 Carrying Fair Value Quoted Prices in Significant Significant (Level 3) (in thousands) Financial Assets: Investment securities held to maturity $ 116,740 $ 117,594 $ — $ 110,293 $ 7,301 Federal Home Loan and other membership bank stock 14,087 14,087 — 14,087 — Loans and leases, net 2,934,326 2,930,188 — — 2,930,188 Financial Liabilities: Certificates of Deposit 343,321 341,998 — 341,998 — Other borrowings 271,905 275,409 — 275,409 — Subordinated debentures 31,238 24,366 — — 24,366 December 31, 2014 Financial Assets: Investment securities held to maturity $ 107,976 $ 109,030 $ — $ 103,916 $ 5,114 Federal Home Loan and other membership bank stock 9,846 9,846 — 9,846 — Loans and leases, net 2,623,142 2,624,581 — — 2,624,581 Financial Liabilities: Certificates of Deposit 279,962 279,439 — 279,439 — Other borrowings 202,498 205,343 — 205,343 — Subordinated debentures 41,238 30,929 — — 30,929

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2015
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): December 31, 2015 Notional Amount Average Weighted Average Weighted Average Fair Value 3rd party interest rate swaps $ 35,664 14.6 4.540 % 1 Mo Libor + 2.00 ($ 1,518 ) Customer interest rate swaps (35,664 ) 14.6 4.540 % 1 Mo Libor + 2.00 1,518 December 31, 2014 Notional Amount Average Weighted Average Weighted Average Fair Value 3rd party interest rate swaps $ 17,279 5.7 3.840 % 1 Mo Libor + 2.21 ($ 37 ) Customer interest rate swaps (17,279 ) 5.7 3.840 % 1 Mo Libor + 2.21 $ 37

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Summary of Capital Ratios	As of December 31, 2015 and 2014, the Company and Lakeland have the following capital ratios based on the then current regulations: Actual For capital adequacy purposes To be well capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2015 Total capital (to risk-weighted assets) Company $ 351,779 11.61 % ³ $242,299 ³ 8.00 % N/A N/A Lakeland 328,574 10.87 241,880 8.00 ³ $302,350 ³ 10.00 % Tier 1 capital (to risk-weighted assets) Company $ 318,867 10.53 % ³ $181,724 ³ 6.00 % N/A N/A Lakeland 295,662 9.78 181,410 6.00 ³ $241,880 ³ 8.00 % Common equity Tier 1 capital (to risk-weighted assets) Company $ 288,867 9.54 % ³ $136,293 ³ 4.50 % N/A N/A Lakeland 295,662 9.78 136,057 4.50 ³ $196,527 ³ 6.50 % Tier 1 capital (to average assets) Company $ 318,867 8.70 % ³ $146,594 ³ 4.00 % N/A N/A Lakeland 295,662 8.08 146,453 4.00 ³ $183,066 ³ 5.00 % Actual For capital adequacy To be well capitalized under Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2014 Total capital (to risk-weighted assets) Company $ 337,597 12.98 % ³ $208,024 ³ 8.00 % N/A N/A Lakeland 314,047 12.10 207,714 8.00 ³ $259,642 ³ 10.00 % Tier 1 capital (to risk-weighted assets) Company $ 305,814 11.76 % ³ $104,012 ³ 4.00 % N/A N/A Lakeland 282,267 10.87 103,857 4.00 ³ $155,785 ³ % Common equity Tier 1 capital (to risk-weighted assets) Company N/A N/A N/A N/A N/A N/A Lakeland N/A N/A N/A N/A N/A N/A Tier 1 capital (to average assets) Company $ 305,814 9.08 % ³ $134,760 ³ 4.00 % N/A N/A Lakeland 282,267 8.39 134,614 4.00 ³ $168,268 ³ %

Goodwill and Other Intangible46

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Estimated Future Amortization Expense	The estimated future amortization expense for each of the succeeding five years ended December 31 is as follows (dollars in thousands): For the year ended: 2016 $ 366 2017 316 2018 267 2019 218 2020 168

Condensed Financial Informati47

Condensed Financial Information - Parent Company Only (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheets	CONDENSED BALANCE SHEETS December 31, 2015 2014 (in thousands) ASSETS Cash and due from banks $ 15,921 $ 11,893 Investment securities, available for sale 5,060 4,162 Investment securities, held to maturity 1,000 — Investment in subsidiaries 406,538 395,664 Other assets 3,265 9,344 TOTAL ASSETS $ 431,784 $ 421,063 LIABILITIES AND STOCKHOLDERS’ EQUITY Other liabilities $ 30 $ 387 Subordinated debentures 31,238 41,238 Total stockholders’ equity 400,516 379,438 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 431,784 $ 421,063
Condensed Statements of Operations	CONDENSED STATEMENTS OF OPERATIONS Years Ended December 31, 2015 2014 2013 (in thousands) INCOME Dividends from subsidiaries $ 23,376 $ 16,581 $ 20,916 Other income 1,987 102 1,640 TOTAL INCOME 25,363 16,683 22,556 EXPENSE Interest on subordinated debentures 1,009 1,068 1,286 Noninterest expenses 605 313 2,551 TOTAL EXPENSE 1,614 1,381 3,837 Income before benefit for income taxes 23,749 15,302 18,719 Income taxes provision (benefit) 67 (447 ) (722 ) Income before equity in undistributed income of subsidiaries 23,682 15,749 19,441 Equity in undistributed income of subsidiaries 8,799 15,380 5,528 Net Income Available to Common Shareholders $ 32,481 $ 31,129 $ 24,969
Condensed Statements of Cash Flows	CONDENSED STATEMENTS OF CASH FLOWS Years Ended December 31, 2015 2014 2013 (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 32,481 $ 31,129 $ 24,969 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Share based compensation — — 895 Gain on securities (29 ) — (359 ) Gain on early extinguishment (1,830 ) — (1,197 ) Decrease (increase) in other assets 3,861 (174 ) (954 ) Increase (decrease) in other liabilities 176 (46 ) 25 Equity in undistributed income of subsidiaries (8,799 ) (15,380 ) (5,528 ) NET CASH PROVIDED BY OPERATING ACTIVITIES 25,860 15,529 17,851 CASH FLOWS FROM INVESTING ACTIVITIES Net cash used in acquisition — — (6,233 ) Purchases of available for sale securities (56 ) (471 ) (415 ) Purchases of held to maturity securities (1,000 ) — — Sale of land held for sale — 60 — Proceeds from sale of securities, available for sale 29 — 654 NET CASH USED IN INVESTING ACTIVITIES (1,027 ) (411 ) (5,994 ) CASH FLOWS FROM FINANCING ACTIVITIES Cash dividends paid on common and preferred stock (12,586 ) (10,836 ) (8,152 ) Issuance of stock to the dividend reinvestment and stock purchase plan — 77 186 Proceeds on issuance of stock, net 22 — — Redemption of subordinated debentures, net (8,170 ) — (9,113 ) Retirement of Restricted stock (254 ) (104 ) — Excess tax benefits 59 70 142 Exercise of stock options 124 90 2,209 NET CASH USED IN FINANCING ACTIVITIES (20,805 ) (10,703 ) (14,728 ) Net increase (decrease) in cash and cash equivalents 4,028 4,415 (2,871 ) Cash and cash equivalents, beginning of year 11,893 7,478 10,349 CASH AND CASH EQUIVALENTS, END OF YEAR $ 15,921 $ 11,893 $ 7,478

Summary of Accounting Policie48

Summary of Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)Segmentshares	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	May. 21, 2009shares
Significant Accounting Policies [Line Items]
Number of operating segments | Segment	1
Principal and interest default period	90 days
Residential mortgage loans are placed on non-accrual status at the time principal and interest period	90 days
Period of principal and interest payments in arrears for Consumer loans are reviewed for charge-off	4 months
Non-accrual asset satisfactory payments period	6 months
Impaired commercial loans that places into homogeneous pool for collective evaluation	$ 500,000
Amount of loans sold that are being serviced for others	30,000,000	$ 33,900,000
Originated mortgage servicing rights	$ 167,000	217,000
Percentage of fair value reporting unit	50.00%
Bank owned life insurance	$ 65,361,000	57,476,000
Income on bank owned life insurance	2,017,000	$ 1,453,000	$ 1,410,000
Company's liability to trusts including investments	$ 30,000,000
Maximum [Member]
Significant Accounting Policies [Line Items]
Goodwill likelihood probability percentage	50.00%
Percentage of capital permitted for trust preferred securities	25.00%
Minimum [Member]
Significant Accounting Policies [Line Items]
Goodwill likelihood probability percentage	50.00%
2009 Equity Compensation Program [Member]
Significant Accounting Policies [Line Items]
Issuance of stock options | shares	2,300,000			2,300,000
Expiration period of stock option plan	10 years
Expiration period of after termination of service of plan	90 days
Expiration period of after death or disability of the grantee	1 year
2000 Equity Compensation Plan [Member]
Significant Accounting Policies [Line Items]
Issuance of stock options | shares	2,613,185
Expiration period of stock option plan	10 years
Expiration period of after termination of service of plan	30 days
Expiration period of after death or disability of the grantee	1 year

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	Feb. 17, 2016	Jan. 07, 2016	May. 31, 2013	Dec. 31, 2015	Dec. 31, 2013
Business Acquisition, Contingent Consideration [Line Items]
Merger and acquisition integration-related expenses				$ 1,152,000	$ 2,834,000
Somerset Hills Bancorp [Member]
Business Acquisition, Contingent Consideration [Line Items]
Date of Agreement				May 31, 2013
Cash paid for acquisition			$ 6,500,000
Harmony Bank [Member]
Business Acquisition, Contingent Consideration [Line Items]
Date of Agreement				Feb. 17, 2016
Total assets				$ 295,000,000
Total loans				241,000,000
Total deposits				257,000,000
Total stockholders' equity/capital				$ 28,000,000
Harmony Bank [Member] | Subsequent Event [Member]
Business Acquisition, Contingent Consideration [Line Items]
Shares to receive by the acquiree at the time of merger	1.25
Common stock expected to issue	3,000,000
Pascack Bancorp, Inc. [Member]
Business Acquisition, Contingent Consideration [Line Items]
Date of Agreement				Jan. 7, 2016
Pascack Bancorp, Inc. [Member] | Subsequent Event [Member]
Business Acquisition, Contingent Consideration [Line Items]
Shares to receive by the acquiree at the time of merger		0.9576
Total assets		$ 386,000,000
Total loans		320,000,000
Total deposits		303,000,000
Total stockholders' equity/capital		$ 23,000,000
Percentage of aggregate merger consideration in shares		90.00%
Percentage of aggregate merger consideration in cash		10.00%
Consideration paid through common stock		$ 3,314,452
Cash paid for acquisition		$ 4,400,000
Consideration price per share		$ 11.35
Average strike price		$ 7.37
Cash paid in connection with cancellation of the old stock options		$ 122,000

Investment Securities - Reconci

Investment Securities - Reconciliation of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	$ 440,571	$ 455,055
Gross Unrealized Gains	5,213	5,620
Gross Unrealized Losses	(3,435)	(3,226)
Total securities, Available for Sale, Fair Value	442,349	457,449
US Treasury and Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	97,617	94,466
Gross Unrealized Gains	190	261
Gross Unrealized Losses	(674)	(807)
Total securities, Available for Sale, Fair Value	97,133	93,920
Mortgage-Backed Securities, Residential [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	280,018	309,162
Gross Unrealized Gains	1,717	2,868
Gross Unrealized Losses	(2,283)	(2,075)
Total securities, Available for Sale, Fair Value	279,452	309,955
Mortgage-Backed Securities, Multifamily [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	10,249	4,973
Gross Unrealized Gains		3
Gross Unrealized Losses	(129)
Total securities, Available for Sale, Fair Value	10,120	4,976
Obligations of States and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	35,639	29,764
Gross Unrealized Gains	910	888
Gross Unrealized Losses	(51)	(133)
Total securities, Available for Sale, Fair Value	36,498	30,519
Other Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	498	494
Gross Unrealized Gains	3	11
Total securities, Available for Sale, Fair Value	501	505
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	16,550	16,196
Gross Unrealized Gains	2,393	1,589
Gross Unrealized Losses	(298)	(211)
Total securities, Available for Sale, Fair Value	$ 18,645	$ 17,574

Investment Securities - Recon51

Investment Securities - Reconciliation of Held-to-Maturity Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 116,740	$ 107,976
Gross Unrealized Gains	1,590	1,673
Gross Unrealized Losses	(736)	(619)
Fair Value	117,594	109,030
U.S. Government Agencies Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	30,477	20,477
Gross Unrealized Gains	289	232
Gross Unrealized Losses	(94)	(84)
Fair Value	30,672	20,625
Mortgage-Backed Securities, Residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	36,466	42,309
Gross Unrealized Gains	411	645
Gross Unrealized Losses	(426)	(385)
Fair Value	36,451	42,569
Mortgage-Backed Securities, Multifamily [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,159	2,259
Gross Unrealized Losses	(60)	(60)
Fair Value	2,099	2,199
Obligations of States and Political Subdivisions [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	45,617	41,401
Gross Unrealized Gains	809	658
Gross Unrealized Losses	(156)	(90)
Fair Value	46,270	41,969
Other Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,021	1,530
Gross Unrealized Gains	81	138
Fair Value	$ 2,102	$ 1,668

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	Dec. 31, 2015	Dec. 31, 2014
Available for Sale, Amortized Cost
Due in one year or less	$ 3,180
Due after one year through five years	75,011
Due after five years through ten years	51,464
Due after ten years	4,099
Total	133,754
Total securities, Available for Sale, Amortized Cost	440,571	$ 455,055
Available for Sale, Fair Value
Due in one year or less	3,214
Due after one year through five years	75,301
Due after five years through ten years	51,477
Due after ten years	4,140
Total	134,132
Total securities, Available for Sale, Fair Value	442,349	457,449
Held to Maturity, Amortized Cost
Due in one year or less	6,407
Due after one year through five years	18,478
Due after five years through ten years	45,734
Due after ten years	7,496
Total	78,115
Amortized Cost	116,740	107,976
Held to Maturity, Fair Value
Due in one year or less	6,407
Due after one year through five years	18,732
Due after five years through ten years	46,296
Due after ten years	7,609
Total	79,044
Total securities, Held to Maturity, Fair Value	117,594	109,030
Mortgage-Backed Securities, Residential [Member]
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost	290,267
Total securities, Available for Sale, Amortized Cost	280,018	309,162
Available for Sale, Fair Value
Available for Sale, Fair Value	289,572
Total securities, Available for Sale, Fair Value	279,452	309,955
Held to Maturity, Amortized Cost
Held to Maturity, Amortized Cost	38,625
Held to Maturity, Fair Value
Held to Maturity, Fair Value	38,550
Equity Securities [Member]
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost	16,550
Total securities, Available for Sale, Amortized Cost	16,550	16,196
Available for Sale, Fair Value
Available for Sale, Fair Value	18,645
Total securities, Available for Sale, Fair Value	$ 18,645	$ 17,574

Investment Securities - Sales o

Investment Securities - Sales of Securities, Gross Gains and Gross Losses on Sales of Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Sale proceeds	$ 33,613	$ 17,020	$ 64,020
Gross gains	304	346	893
Gross losses	$ (63)	$ (344)	$ (54)

Investment Securities - Additio

Investment Securities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Held to maturity mortgage-backed securities sales		$ 1,400,000
Mortgage-backed securities principal paid down		90.00%
Gain on sales of mortgage-backed securities		$ 73,000
Securities, carrying value	$ 347,700,000	$ 356,100,000
Purchase price of equities	2,700,000
Market value of equities	5,100,000
Equity securities included in investment funds	13,600,000
Investment in community development loans	$ 2,900,000
Redemption of funds	60 days
Investment in government guaranteed loans, mortgage-backed securities, small business loans	$ 10,700,000
Amortized cost of securities	11,000,000
Fair value of securities	10,700,000
Unfunded commitments	$ 0

Investment Securities - Recon55

Investment Securities - Reconciliation of Available-for-Sale and Held-to-Maturity Securities in Continuous Unrealized Loss Position (Detail) $ in Thousands	Dec. 31, 2015USD ($)Security	Dec. 31, 2014USD ($)Security
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	$ 196,359	$ 41,155
Available for Sale, Less than 12 months, Unrealized Losses	1,874	234
Available for Sale, 12 months or longer, Fair value	56,204	130,401
Available for Sale, 12 months or longer, Unrealized Losses	$ 1,561	$ 2,992
Available for Sale, Number of securities | Security	78	53
Available for Sale, Total, Fair value	$ 252,563	$ 171,556
Available for Sale, Total, Unrealized Losses	3,435	3,226
Held to Maturity, Less than 12 months, Fair value	46,370	7,526
Held to Maturity, Less than 12 months, Unrealized Losses	523	57
Held to Maturity, 12 months or longer, Fair value	9,606	29,698
Held to Maturity, 12 months or longer, Unrealized Losses	$ 213	$ 562
Held to Maturity, Number of securities | Security	31	24
Held to Maturity, Total, Fair value	$ 55,976	$ 37,224
Held to Maturity, Total, Unrealized Losses	736	619
US Treasury and Government Agencies [Member]
Investment [Line Items]
Held to Maturity, Less than 12 months, Fair value	15,683
Held to Maturity, Less than 12 months, Unrealized Losses	$ 94
Held to Maturity, 12 months or longer, Fair value		5,736
Held to Maturity, 12 months or longer, Unrealized Losses		$ 84
Held to Maturity, Number of securities | Security	3	1
Held to Maturity, Total, Fair value	$ 15,683	$ 5,736
Held to Maturity, Total, Unrealized Losses	94	84
Mortgage-Backed Securities, Residential [Member]
Investment [Line Items]
Held to Maturity, Less than 12 months, Fair value	20,283	6,236
Held to Maturity, Less than 12 months, Unrealized Losses	262	50
Held to Maturity, 12 months or longer, Fair value	6,687	17,557
Held to Maturity, 12 months or longer, Unrealized Losses	$ 164	$ 335
Held to Maturity, Number of securities | Security	11	8
Held to Maturity, Total, Fair value	$ 26,970	$ 23,793
Held to Maturity, Total, Unrealized Losses	426	385
Mortgage-Backed Securities, Multifamily [Member]
Investment [Line Items]
Held to Maturity, Less than 12 months, Fair value	1,223
Held to Maturity, Less than 12 months, Unrealized Losses	18
Held to Maturity, 12 months or longer, Fair value	876	2,199
Held to Maturity, 12 months or longer, Unrealized Losses	$ 42	$ 60
Held to Maturity, Number of securities | Security	2	2
Held to Maturity, Total, Fair value	$ 2,099	$ 2,199
Held to Maturity, Total, Unrealized Losses	60	60
Obligations of States and Political Subdivisions [Member]
Investment [Line Items]
Held to Maturity, Less than 12 months, Fair value	9,181	1,290
Held to Maturity, Less than 12 months, Unrealized Losses	149	7
Held to Maturity, 12 months or longer, Fair value	2,043	4,206
Held to Maturity, 12 months or longer, Unrealized Losses	$ 7	$ 83
Held to Maturity, Number of securities | Security	15	13
Held to Maturity, Total, Fair value	$ 11,224	$ 5,496
Held to Maturity, Total, Unrealized Losses	156	90
US Treasury and Government Agencies [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	80,192	5,057
Available for Sale, Less than 12 months, Unrealized Losses	$ 674	28
Available for Sale, 12 months or longer, Fair value		46,135
Available for Sale, 12 months or longer, Unrealized Losses		$ 779
Available for Sale, Number of securities | Security	16	11
Available for Sale, Total, Fair value	$ 80,192	$ 51,192
Available for Sale, Total, Unrealized Losses	674	807
Mortgage-Backed Securities, Residential [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	103,749	34,832
Available for Sale, Less than 12 months, Unrealized Losses	1,043	177
Available for Sale, 12 months or longer, Fair value	50,095	74,414
Available for Sale, 12 months or longer, Unrealized Losses	$ 1,240	$ 1,898
Available for Sale, Number of securities | Security	50	28
Available for Sale, Total, Fair value	$ 153,844	$ 109,246
Available for Sale, Total, Unrealized Losses	2,283	2,075
Mortgage-Backed Securities, Multifamily [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	10,120
Available for Sale, Less than 12 months, Unrealized Losses	$ 129
Available for Sale, Number of securities | Security	2
Available for Sale, Total, Fair value	$ 10,120
Available for Sale, Total, Unrealized Losses	129
Obligations of States and Political Subdivisions [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	2,051	1,266
Available for Sale, Less than 12 months, Unrealized Losses	4	29
Available for Sale, 12 months or longer, Fair value	1,466	5,033
Available for Sale, 12 months or longer, Unrealized Losses	$ 47	$ 104
Available for Sale, Number of securities | Security	7	12
Available for Sale, Total, Fair value	$ 3,517	$ 6,299
Available for Sale, Total, Unrealized Losses	51	133
Equity Securities [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	247
Available for Sale, Less than 12 months, Unrealized Losses	24
Available for Sale, 12 months or longer, Fair value	4,643	4,819
Available for Sale, 12 months or longer, Unrealized Losses	$ 274	$ 211
Available for Sale, Number of securities | Security	3	2
Available for Sale, Total, Fair value	$ 4,890	$ 4,819
Available for Sale, Total, Unrealized Losses	$ 298	$ 211

Loans and Leases and Other Re56

Loans and Leases and Other Real Estate - Composition of Lakeland`s Loan and Lease Portfolio (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 2,967,946	$ 2,655,614
Less: deferred fees	(2,746)	(1,788)
Loans and leases, net of deferred fees	2,965,200	2,653,826
Commercial, Secured by Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	1,761,589	1,529,761
Commercial, Industrial and Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	307,044	238,252
Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	56,660	54,749
Real Estate-Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	389,692	431,190
Real Estate-Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	118,070	64,020
Home Equity and Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 334,891	$ 337,642

Loans and Leases and Other Re57

Loans and Leases and Other Real Estate - Additional Information (Detail)	May. 31, 2013USD ($)SecurityLoan	Sep. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)SecurityLoan	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential loans pledged for potential borrowings at the Federal Home Loan Bank of New York				$ 738,700,000	$ 338,500,000
Loans charged off				4,480,000	7,427,000	$ 10,291,000
Interest income on credit impaired loans					109,000	46,000
Troubled debt restructurings included in non accrual loans				2,500,000	1,300,000
Interest accrued on impaired loans and leases				1,600,000	1,800,000	2,200,000
Unfunded lending reserve				2,000,000	1,100,000
Loans to these related parties				28,400,000
Loans to these related parties, additions				12,400,000
Repayment of loan from related parties				11,600,000
Mortgages held for sale				1,200,000	592,000
Other repossessed assets owned				49,000		49,000
Other real estate owned				934,000		977,000
Writedown of other repossessed assets				119,000	$ 135,000	0
Residential Property [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other real estate owned				$ 805,000
Purchased Credit Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | SecurityLoan				2
Loans charged off		$ 250,000		$ 1,300,000
Remaining loan amount paid			$ 149,000
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lookback period				5 years	3 years
Other Portfolio [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lookback period				3 years	2 years
Somerset Hills Bancorp [Member] | Purchased Credit Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan amount deemed to be impaired	$ 1,600,000
Number of loans | SecurityLoan	3
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Group of impaired loans with recorded investment				$ 500,000
Home Equity and Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Overdraft balances included in home equity and consumer loans				705,000	$ 791,000
Loans charged off				1,511,000	$ 2,697,000	$ 1,624,000
Residential Mortgages And Consumer Home Equity Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans that were in process of foreclosure				$ 7,900,000

Loans and Leases and Other Re58

Loans and Leases and Other Real Estate - Lakeland's Non-Accrual Loans and Leases and Its Accruing Troubled Debt Restructurings (TDRs) (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	$ 22,696	$ 20,669
Other real estate and other repossessed assets	983	1,026
TOTAL NON-PERFORMING ASSETS	23,679	21,695
Troubled debt restructurings, still accruing	10,108	10,579
Commercial, Secured by Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	10,446	7,424
Commercial, Industrial and Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	103	308
Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	316	88
Real Estate-Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	8,664	9,246
Real Estate-Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases		188
Home Equity and Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	$ 3,167	$ 3,415

Loans and Leases and Other Re59

Loans and Leases and Other Real Estate - Age Analysis of Past Due Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 24,796	$ 29,092
Current	2,943,150	2,626,522
Total Loans and Leases	2,967,946	2,655,614
Recorded Investment greater than 89 Days and still accruing	331	66
Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,011	11,685
Current	1,751,578	1,518,076
Total Loans and Leases	1,761,589	1,529,761
Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	308	1,254
Current	306,736	236,998
Total Loans and Leases	307,044	238,252
Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	404	220
Current	56,256	54,529
Total Loans and Leases	56,660	54,749
Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,558	10,389
Current	380,134	420,801
Total Loans and Leases	389,692	431,190
Real Estate-Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		412
Current	118,070	63,608
Total Loans and Leases	118,070	64,020
Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,515	5,132
Current	330,376	332,510
Total Loans and Leases	334,891	337,642
Recorded Investment greater than 89 Days and still accruing	331	66
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,969	8,898
30-59 Days Past Due [Member] | Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,465	2,714
30-59 Days Past Due [Member] | Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	205	944
30-59 Days Past Due [Member] | Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	62	108
30-59 Days Past Due [Member] | Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,361	3,325
30-59 Days Past Due [Member] | Real Estate-Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		224
30-59 Days Past Due [Member] | Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	876	1,583
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,585	3,977
60-89 Days Past Due [Member] | Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	693	2,999
60-89 Days Past Due [Member] | Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		2
60-89 Days Past Due [Member] | Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	26	24
60-89 Days Past Due [Member] | Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	725	354
60-89 Days Past Due [Member] | Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	141	598
Greater Than 89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19,242	16,217
Greater Than 89 Days [Member] | Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,853	5,972
Greater Than 89 Days [Member] | Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	103	308
Greater Than 89 Days [Member] | Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	316	88
Greater Than 89 Days [Member] | Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,472	6,710
Greater Than 89 Days [Member] | Real Estate-Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		188
Greater Than 89 Days [Member] | Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,498	$ 2,951

Loans and Leases and Other Re60

Loans and Leases and Other Real Estate - Impaired Loans with and without Specific Allowances (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	$ 26,006	$ 25,693	$ 24,619
Contractual Unpaid Principal Balance	27,621	28,927	28,182
Related Allowance	843	1,892	910
Interest Income Recognized	770	711	877
Average Investment in Impaired loans	25,749	24,143	26,966
Commercial, Secured by Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	19,786	19,838	18,375
Contractual Unpaid Principal Balance	20,630	21,338	19,873
Related Allowance	598	634	739
Interest Income Recognized	615	592	640
Average Investment in Impaired loans	19,177	19,950	18,580
Commercial, Secured by Real Estate [Member] | Loans with Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	5,721	5,666	10,152
Contractual Unpaid Principal Balance	5,918	5,818	10,217
Related Allowance	598	634	739
Interest Income Recognized	271	156	442
Average Investment in Impaired loans	6,249	3,858	9,727
Commercial, Secured by Real Estate [Member] | Loans without Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	14,065	14,172	8,223
Contractual Unpaid Principal Balance	14,712	15,520	9,656
Interest Income Recognized	344	436	198
Average Investment in Impaired loans	12,928	16,092	8,853
Commercial, Industrial and Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	1,232	752	4,175
Contractual Unpaid Principal Balance	1,910	2,122	4,273
Related Allowance	77	10	31
Interest Income Recognized	46	52	194
Average Investment in Impaired loans	1,466	1,855	4,729
Commercial, Industrial and Other [Member] | Loans with Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	1,023	425	155
Contractual Unpaid Principal Balance	1,023	425	155
Related Allowance	77	10	31
Interest Income Recognized	32	9	5
Average Investment in Impaired loans	717	342	396
Commercial, Industrial and Other [Member] | Loans without Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	209	327	4,020
Contractual Unpaid Principal Balance	887	1,697	4,118
Interest Income Recognized	14	43	189
Average Investment in Impaired loans	749	1,513	4,333
Leases [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	6
Contractual Unpaid Principal Balance	6
Related Allowance	1
Leases [Member] | Loans with Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	6
Contractual Unpaid Principal Balance	6
Related Allowance	1
Real Estate-Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	3,027	2,919	617
Contractual Unpaid Principal Balance	3,107	2,919	672
Related Allowance	73	217
Interest Income Recognized	37	19
Average Investment in Impaired loans	2,936	746	622
Real Estate-Residential Mortgage [Member] | Loans with Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	832	1,238
Contractual Unpaid Principal Balance	865	1,238
Related Allowance	73	217
Interest Income Recognized	37	19
Average Investment in Impaired loans	840	438
Real Estate-Residential Mortgage [Member] | Loans without Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	2,195	1,681	617
Contractual Unpaid Principal Balance	2,242	1,681	672
Average Investment in Impaired loans	2,096	308	622
Real Estate-Construction [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	380	188	501
Contractual Unpaid Principal Balance	380	552	2,411
Related Allowance	21
Interest Income Recognized	13
Average Investment in Impaired loans	402	464	2,111
Real Estate-Construction [Member] | Loans with Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	380
Contractual Unpaid Principal Balance	380
Related Allowance	21
Interest Income Recognized	13
Average Investment in Impaired loans	308
Real Estate-Construction [Member] | Loans without Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans		188	501
Contractual Unpaid Principal Balance		552	2,411
Average Investment in Impaired loans	94	464	2,111
Home Equity and Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	1,575	1,996	951
Contractual Unpaid Principal Balance	1,588	1,996	953
Related Allowance	73	1,031	140
Interest Income Recognized	59	48	43
Average Investment in Impaired loans	1,768	1,128	924
Home Equity and Consumer [Member] | Loans with Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	1,001	1,255	934
Contractual Unpaid Principal Balance	1,013	1,255	936
Related Allowance	73	1,031	140
Interest Income Recognized	54	41	42
Average Investment in Impaired loans	1,006	975	907
Home Equity and Consumer [Member] | Loans without Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired loans	574	741	17
Contractual Unpaid Principal Balance	575	741	17
Interest Income Recognized	5	7	1
Average Investment in Impaired loans	$ 762	$ 153	$ 17

Loans and Leases and Other Re61

Loans and Leases and Other Real Estate - Lakeland's Commercial Loan Portfolio (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	$ 1,761,589	$ 1,529,761
Commercial, Secured by Real Estate [Member] | Pass 3 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	65,199	69,243
Commercial, Secured by Real Estate [Member] | Pass 4 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	526,909	479,667
Commercial, Secured by Real Estate [Member] | Pass 5 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	1,044,888	867,023
Commercial, Secured by Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	43,342	40,991
Commercial, Secured by Real Estate [Member] | Other Assets Especially Mentioned [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	34,570	27,764
Commercial, Secured by Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	46,681	45,073
Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	307,044	238,252
Commercial, Industrial and Other [Member] | Pass 1 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	3,517	1,040
Commercial, Industrial and Other [Member] | Pass 2 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	9,662	8,755
Commercial, Industrial and Other [Member] | Pass 3 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	56,895	30,386
Commercial, Industrial and Other [Member] | Pass 4 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	111,702	91,836
Commercial, Industrial and Other [Member] | Pass 5 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	105,301	69,723
Commercial, Industrial and Other [Member] | Watch [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	4,259	15,572
Commercial, Industrial and Other [Member] | Other Assets Especially Mentioned [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	4,105	8,057
Commercial, Industrial and Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	11,603	12,883
Real Estate-Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	118,070	64,020
Real Estate-Construction [Member] | Pass 4 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	19,125	7,527
Real Estate-Construction [Member] | Pass 5 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	94,535	51,833
Real Estate-Construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	146	225
Real Estate-Construction [Member] | Other Assets Especially Mentioned [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	1,851	2,710
Real Estate-Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Commercial loan portfolio	$ 2,413	$ 1,725

Loans and Leases and Other Re62

Loans and Leases and Other Real Estate - Allowance for Loan and Lease Losses by Portfolio Segment and Related Recorded Investment in Loans and Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for Loan and Lease Losses:
Beginning Balance	$ 30,684	$ 29,821	$ 28,931
Charge-offs	(4,480)	(7,427)	(10,291)
Recoveries	2,728	2,425	1,838
Provision	1,942	5,865	9,343
Ending Balance	30,874	30,684	29,821
Ending Balance: Individually evaluated for impairment	843	1,892	910
Ending Balance: Collectively evaluated for impairment	30,031	28,792	28,911
Loans and Leases:
Ending Balance: Individually evaluated for impairment	26,006	25,693	24,619
Ending Balance: Collectively evaluated for impairment	2,941,940	2,629,921	2,445,259
Ending Balance	2,967,946	2,655,614	2,470,289
Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			411
Ending Balance: Loans acquired with deteriorated credit quality			0
Commercial, Secured by Real Estate [Member]
Allowance for Loan and Lease Losses:
Beginning Balance	13,577	14,463	16,258
Charge-offs	(1,821)	(2,282)	(2,026)
Recoveries	2,221	999	1,061
Provision	6,246	397	(830)
Ending Balance	20,223	13,577	14,463
Ending Balance: Individually evaluated for impairment	598	634	739
Ending Balance: Collectively evaluated for impairment	19,625	12,943	13,724
Commercial, Secured by Real Estate [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			0
Commercial, Secured by Real Estate [Member] | Loans and Leases [Member]
Loans and Leases:
Ending Balance: Individually evaluated for impairment	19,786	19,838	18,375
Ending Balance: Collectively evaluated for impairment	1,741,803	1,509,923	1,371,486
Ending Balance	1,761,589	1,529,761	1,389,861
Commercial, Industrial and Other [Member]
Allowance for Loan and Lease Losses:
Beginning Balance	3,196	5,331	5,103
Charge-offs	(205)	(999)	(1,324)
Recoveries	183	1,039	260
Provision	(537)	(2,175)	1,292
Ending Balance	2,637	3,196	5,331
Ending Balance: Individually evaluated for impairment	77	10	31
Ending Balance: Collectively evaluated for impairment	2,560	3,186	5,300
Commercial, Industrial and Other [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			0
Commercial, Industrial and Other [Member] | Loans and Leases [Member]
Loans and Leases:
Ending Balance: Individually evaluated for impairment	1,232	752	4,175
Ending Balance: Collectively evaluated for impairment	305,812	237,500	209,633
Ending Balance	307,044	238,252	213,808
Leases [Member]
Allowance for Loan and Lease Losses:
Beginning Balance	582	504	578
Charge-offs	(548)	(597)	(206)
Recoveries	26	19	121
Provision	400	656	11
Ending Balance	460	582	504
Ending Balance: Individually evaluated for impairment	1
Ending Balance: Collectively evaluated for impairment	459	582	504
Leases [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			0
Leases [Member] | Loans and Leases [Member]
Loans and Leases:
Ending Balance: Individually evaluated for impairment	6
Ending Balance: Collectively evaluated for impairment	56,654	54,749	41,332
Ending Balance	56,660	54,749	41,332
Real Estate-Residential Mortgage [Member]
Allowance for Loan and Lease Losses:
Beginning Balance	4,020	3,214	3,568
Charge-offs	(375)	(827)	(1,257)
Recoveries	63	42	99
Provision	(1,120)	1,591	804
Ending Balance	2,588	4,020	3,214
Ending Balance: Individually evaluated for impairment	73	217
Ending Balance: Collectively evaluated for impairment	2,515	3,803	3,214
Real Estate-Residential Mortgage [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			0
Real Estate-Residential Mortgage [Member] | Loans and Leases [Member]
Loans and Leases:
Ending Balance: Individually evaluated for impairment	3,027	2,919	617
Ending Balance: Collectively evaluated for impairment	386,665	428,271	432,214
Ending Balance	389,692	431,190	432,831
Real Estate-Construction [Member]
Allowance for Loan and Lease Losses:
Beginning Balance	553	542	587
Charge-offs	(20)	(25)	(3,854)
Recoveries	106	106	14
Provision	952	(70)	3,795
Ending Balance	1,591	553	542
Ending Balance: Individually evaluated for impairment	21
Ending Balance: Collectively evaluated for impairment	1,570	553	542
Real Estate-Construction [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			0
Real Estate-Construction [Member] | Loans and Leases [Member]
Loans and Leases:
Ending Balance: Individually evaluated for impairment	380	188	501
Ending Balance: Collectively evaluated for impairment	117,690	63,832	52,618
Ending Balance	118,070	64,020	53,119
Home Equity and Consumer [Member]
Allowance for Loan and Lease Losses:
Beginning Balance	6,333	2,737	2,837
Charge-offs	(1,511)	(2,697)	(1,624)
Recoveries	129	220	283
Provision	(1,576)	6,073	1,241
Ending Balance	3,375	6,333	2,737
Ending Balance: Individually evaluated for impairment	73	1,031	140
Ending Balance: Collectively evaluated for impairment	3,302	5,302	2,597
Home Equity and Consumer [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			0
Home Equity and Consumer [Member] | Loans and Leases [Member]
Loans and Leases:
Ending Balance: Individually evaluated for impairment	1,575	1,996	951
Ending Balance: Collectively evaluated for impairment	333,316	335,646	337,976
Ending Balance	334,891	337,642	339,338
Home Equity and Consumer [Member] | Loans and Leases [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			411
Unallocated [Member]
Allowance for Loan and Lease Losses:
Beginning Balance	2,423	3,030
Provision	$ (2,423)	(607)	3,030
Ending Balance		2,423	3,030
Ending Balance: Collectively evaluated for impairment		$ 2,423	3,030
Unallocated [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans and Leases:
Ending Balance: Loans acquired with deteriorated credit quality			$ 0

Loans and Leases and Other Re63

Loans and Leases and Other Real Estate - Summary of Restructured Loans (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Contract	Dec. 31, 2014USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	8	21
Pre-Modification Outstanding Recorded Investment	$ 3,811	$ 6,509
Post-Modification Outstanding Recorded Investment	$ 3,811	$ 6,509
Commercial, Secured by Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	2	5
Pre-Modification Outstanding Recorded Investment	$ 1,458	$ 4,146
Post-Modification Outstanding Recorded Investment	$ 1,458	$ 4,146
Commercial, Industrial and Other [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	3	2
Pre-Modification Outstanding Recorded Investment	$ 1,934	$ 285
Post-Modification Outstanding Recorded Investment	$ 1,934	$ 285
Leases [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1
Pre-Modification Outstanding Recorded Investment	$ 14
Post-Modification Outstanding Recorded Investment	$ 14
Real Estate-Residential Mortgage [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract		5
Pre-Modification Outstanding Recorded Investment		$ 1,238
Post-Modification Outstanding Recorded Investment		$ 1,238
Real Estate-Construction [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1
Pre-Modification Outstanding Recorded Investment	$ 396
Post-Modification Outstanding Recorded Investment	$ 396
Home Equity and Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1	9
Pre-Modification Outstanding Recorded Investment	$ 9	$ 840
Post-Modification Outstanding Recorded Investment	$ 9	$ 840

Loans and Leases and Other Re64

Loans and Leases and Other Real Estate - Summary of Restructured Loans within Previous 12 Months that have Subsequently Defaulted (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	4
Recorded Investment | $	$ 624
Commercial, Secured by Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1
Recorded Investment | $	$ 32
Real Estate-Residential Mortgage [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1
Recorded Investment | $	$ 354
Home Equity and Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	2
Recorded Investment | $	$ 238

Loans and Leases and Other Re65

Loans and Leases and Other Real Estate - Summary of Future Minimum Lease Payments of Lease Receivables (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Receivables [Abstract]
2,015	$ 20,520
2,016	16,554
2,017	11,419
2,018	5,977
2,019	1,956
Thereafter	234
Total	$ 56,660

Premises and Equipment - Summar

Premises and Equipment - Summary of Premises and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Land	$ 6,039	$ 6,319
Buildings and building improvements	35,469	34,951
Leasehold improvements	10,361	9,845
Furniture, fixtures and equipment	35,900	38,773
Premises and equipment, gross	87,769	89,888
Less accumulated depreciation and amortization	51,888	54,213
Premises and equipment	$ 35,881	$ 35,675
Buildings and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Buildings and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	50 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4	$ 3.9	$ 3.7

Time Deposits - Schedule of Mat

Time Deposits - Schedule of Maturities of Certificates of Deposit (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Banking and Thrift [Abstract]
2,016	$ 218,887
2,017	76,465
2,018	39,038
2,019	8,720
2,020	198
Thereafter	13
Total	$ 343,321

Debt - Additional Information (

Debt - Additional Information (Short Term Debt) (Detail) - Line of Credit [Member] - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Overnight federal funds borrowed	$ 115,000,000	$ 81,000,000
Overnight federal funds lines available for borrow	162,000,000
Federal Home Loan Bank of New York [Member]
Short-term Debt [Line Items]
Overnight borrowings	0	0
Borrowings with the Federal Reserve Bank of New York	$ 0	$ 0
Federal Home Loan Bank of New York [Member] | Minimum [Member]
Short-term Debt [Line Items]
Maturity of advances from the FHLB	1 year	1 year

Debt - Summary of Information R

Debt - Summary of Information Relating to Securities Sold Under Agreements to Repurchase and Federal Funds Purchased (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Federal funds purchased [Member]
Short-term Debt [Line Items]
Balance at December 31	$ 115,000,000	$ 81,000,000	$ 50,000,000
Interest rate at December 31	0.65%	0.35%	0.37%
Maximum amount outstanding at any month-end during the year	$ 130,000,000	$ 117,000,000	$ 81,000,000
Average amount outstanding during the year	$ 22,734,000	$ 17,605,000	$ 8,424,000
Weighted average interest rate during the year	0.45%	0.39%	0.34%
Securities Sold under Agreements to Repurchase [Member]
Short-term Debt [Line Items]
Balance at December 31	$ 36,234,000	$ 27,935,000	$ 31,991,000
Interest rate at December 31	0.02%	0.02%	0.02%
Maximum amount outstanding at any month-end during the year	$ 40,140,000	$ 54,550,000	$ 48,315,000
Average amount outstanding during the year	$ 31,293,000	$ 38,192,000	$ 37,277,000
Weighted average interest rate during the year	0.03%	0.03%	0.03%

Debt - Additional Information71

Debt - Additional Information (Long Term Debt) (Detail) - USD ($)	Aug. 03, 2015	Jun. 18, 2013	May. 31, 2007	Jun. 30, 2003	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Advances from the FHLB						$ 221,905,000	$ 132,500,000
Securities sold under agreement to repurchase maturities due						50,000,000	$ 70,000,000
Gain on extinguishment of debt						1,830,000		$ 1,197,000
Short-Term and Long-Term Securities Sold Under Agreements to Repurchase [Member]
Debt Instrument [Line Items]
Pledged securities						109,100,000
Mortgage Backed Securities [Member]
Debt Instrument [Line Items]
Pledged securities						61,500,000
U.S. Government Agencies Securities [Member]
Debt Instrument [Line Items]
Pledged securities						$ 47,600,000
Federal Home Loan Bank of New York [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maturity of advances from the FHLB						3 years	4 years
Collateralized FHLB Advances [Member]
Debt Instrument [Line Items]
Weighted average interest rate of advances						1.38%	1.52%
Debt Securities Sold under Agreements to Repurchase [Member]
Debt Instrument [Line Items]
Prepaid amount paid under agreements to repurchase					$ 20,000,000
Weighted average interest rate of advances					4.44%	2.80%	2.14%
Prepayment penalty					$ 2,400,000
Junior Subordinated Debt [Member] | Lakeland Bancorp Capital Trust IV [Member]
Debt Instrument [Line Items]
Junior subordinated debentures issued			$ 20,600,000
Distribution rate on debentures	1.80%		6.61%
Debenture floated LIBOR rate	1.52%		1.52%
Proceeds of trust preferred securities, Total			$ 20,000,000
Trust preferred securities, issued			20,000
Trust preferred securities, face value			$ 1,000
Distribution of securities years			5 years
Junior subordinated debentures due						Aug. 31, 2037
Preferred securities redeemed						2,037
Gain on extinguishment of debt	$ 1,800,000
Debentures extinguished	$ 10,000,000
Junior Subordinated Debt [Member] | Lakeland Bancorp Capital Trust I [Member]
Debt Instrument [Line Items]
Junior subordinated debentures issued				$ 10,300,000
Distribution rate on debentures		3.38%		6.20%
Debenture floated LIBOR rate		3.10%		3.10%
Proceeds of trust preferred securities, Total				$ 10,000,000
Trust preferred securities, issued				10,000
Trust preferred securities, face value				$ 1,000
Distribution of securities years				7 years
Junior subordinated debentures due						Jul. 7, 2033
Gain on extinguishment of debt		$ 1,200,000
Debentures extinguished		9,000,000
Debentures redeemed at par value		$ 1,000,000
Junior Subordinated Debt [Member] | Lakeland Bancorp Capital II [Member]
Debt Instrument [Line Items]
Junior subordinated debentures issued				$ 20,600,000
Distribution rate on debentures				5.71%
Debenture floated LIBOR rate				3.10%
Proceeds of trust preferred securities, Total				$ 20,000,000
Trust preferred securities, issued				20,000
Trust preferred securities, face value				$ 1,000
Distribution of securities years				5 years
Junior subordinated debentures due						Jun. 30, 2033
Preferred securities redeemed						2,033

Debt - Summary of FHLB Debt Mat

Debt - Summary of FHLB Debt Matures (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2,016	$ 67,798
2,017	87,355
2,018	66,752
Total	$ 221,905	$ 132,500

Debt - Summary of Long-Term Sec

Debt - Summary of Long-Term Securities Sold Under Agreements to Repurchase Mature (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Banking and Thrift [Abstract]
2,016	$ 10,000
2,017	0
2,018	30,000
Thereafter	10,000
Total	$ 50,000	$ 70,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Millions	May. 31, 2013	Dec. 31, 2015	May. 21, 2014
Class of Stock [Line Items]
Stock dividend authorized and distributed			5.00%
Stock dividend distributed		Jun. 17, 2014
Stock dividend, record date		Jun. 3, 2014
Somerset Hills Bancorp [Member]
Class of Stock [Line Items]
Number of shares issued	6,083,783
Cash Payment	$ 6.5

Income Taxes - Components of In

Income Taxes - Components of Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Current tax provision	$ 16,991	$ 15,193	$ 12,286
Deferred tax (benefit) provision	(824)	(34)	164
Provision for income taxes	$ 16,167	$ 15,159	$ 12,450

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Statutory federal rate	35.00%
Unrecognized tax benefit		$ 111,000

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Provision Reconciled to Income Taxes that Computed at Statutory Federal Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Federal income tax, at statutory rates	$ 17,028	$ 16,201	$ 13,097
Increase (deduction) in taxes resulting from:
Tax-exempt income	(1,467)	(1,387)	(1,370)
State income tax, net of federal income tax effect	132	337	339
Other, net	474	8	384
Provision for income taxes	$ 16,167	$ 15,159	$ 12,450

Income Taxes - Summary of Net D

Income Taxes - Summary of Net Deferred Tax Asset (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Allowance for loan and lease losses	$ 13,445	$ 13,014
Share based compensation plans	857	686
Purchase accounting fair market value adjustments	431	694
Non-accrued interest	632	554
Deferred compensation	2,207	1,814
Other than temporary impairment loss on investment securities	255	255
Unfunded pension benefits	9	9
Other, net	579	537
Deferred tax assets	18,415	17,563
Deferred tax liabilities:
Core deposit intangible from acquired companies	631	800
Undistributed income from subsidiary not consolidated for tax return purposes (REIT).	845	724
Deferred loan costs	1,433	1,407
Prepaid expenses	549	460
Depreciation and amortization	1,440	1,438
Deferred gain on securities	194	194
Unrealized gains on securities available for sale	622	862
Other	591	633
Deferred tax liabilities	6,305	6,518
Net deferred tax assets, included in other assets	$ 12,110	$ 11,045

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	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Basic earnings per share
Net income available to common shareholders, Income	$ 32,481	$ 31,129	$ 24,969
Less: earnings allocated to participating securities, Income	(263)	(222)	(178)
Net income available to common shareholders, Total	$ 32,218	$ 30,907	$ 24,791
Net income available to common shareholders, Shares	37,844	37,749	34,742
Less: earnings allocated to participating securities, Shares	0	0	0
Net income available to common shareholders, Total	37,844	37,749	34,742
Net income available to common shareholders, Per share amount	$ 0.86	$ 0.82	$ 0.72
Less: earnings allocated to participating securities, Per share amount	(0.01)	0	(0.01)
Net income available to common shareholders, Total	$ 0.85	$ 0.82	$ 0.71
Effect of dilutive securities
Stock options and restricted stock, Income	$ 0	$ 0	$ 0
Stock options and restricted stock, Shares	149	120	160
Stock options and restricted stock, Per share amount	$ 0	$ 0	$ 0
Diluted earnings per share
Net income available to common shareholders plus assumed conversions, Income	$ 32,218	$ 30,907	$ 24,791
Net income available to common shareholders plus assumed conversions, Shares	37,993	37,869	34,902
Net income available to common shareholders plus assumed conversions, Per share amount	$ 0.85	$ 0.82	$ 0.71

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - Common Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options to purchase	0	115,831	358,340
Weighted average price per share		$ 12.06	$ 11.91

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	1 Months Ended			12 Months Ended
	Mar. 31, 2015	Feb. 28, 2015USD ($)	Nov. 30, 2008USD ($)	Dec. 31, 2015USD ($)Installments	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2008USD ($)	Dec. 31, 2003USD ($)
Defined Benefit Plan Disclosure [Line Items]
Company's contributions to employees salary				$ 760,000	$ 740,000	$ 715,000
Employees contributions to their annual salary				50.00%
Realized loss for difference between plan assets and estimated payout of plan				$ 238,000	$ 293,000
Amount paid toward termination plan				2,600,000
One year Citigroup Pension Liability Index rate					0.65%
Annuity liabilities interest rate					2.40%
Profit Sharing Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Company's contributions to employees salary				600,000	$ 600,000	600,000
Deferred Compensation Arrangements [Member]
Defined Benefit Plan Disclosure [Line Items]
Expense related to the deferred compensation plan				4,000	16,000	3,000
Accrued liability on deferred compensation plans				$ 241,000	267,000
Deferred Compensation Arrangements [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Retirement benefit period				10 years
Deferred Compensation Arrangements [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Retirement benefit period				15 years
Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Annual retirement benefit			$ 90,000		$ 84,500		$ 150,000	$ 150,000
Retirement benefit period			10 years		15 years		15 years	15 years
Compensation expense				$ 814,000	$ 359,000	247,000
Retirement age of CEO			65 years		66 years		65 years	65 years
Retirement date					2016-11
Supplemental Executive Retirement Plan [Member] | Somerset Hills Bancorp [Member]
Defined Benefit Plan Disclosure [Line Items]
Retirement benefit period				15 years
Employee benefit plan liability				$ 745,000	$ 675,000
Compensation expense				95,000	$ 109,000	$ 50,000
Supplemental Executive Retirement Plan [Member] | Somerset Hills Bancorp [Member] | CEO [Member]
Defined Benefit Plan Disclosure [Line Items]
Annual retirement benefit				48,000
Supplemental Executive Retirement Plan [Member] | Somerset Hills Bancorp [Member] | Chief Financial Officer [Member]
Defined Benefit Plan Disclosure [Line Items]
Annual retirement benefit				24,000
Deferred Compensation Agreement [Member]
Defined Benefit Plan Disclosure [Line Items]
Expense related to the deferred compensation plan				188,000
Accrued liability on deferred compensation plans				$ 188,000
Deferred Compensation Agreement [Member] | CEO [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer monthly contribution		$ 16,500
Number of consecutive installments payments | Installments				180
Deferred Compensation Agreement [Member] | Minimum [Member] | CEO [Member]
Defined Benefit Plan Disclosure [Line Items]
Range of return on equity		0.00%
Deferred Compensation Agreement [Member] | Maximum [Member] | CEO [Member]
Defined Benefit Plan Disclosure [Line Items]
Range of return on equity		15.00%
Elective Deferral Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expense related to the deferred compensation plan				$ 3,000
Accrued liability on deferred compensation plans				$ 190,000
Elective Deferral Plan [Member] | Eligible Executives [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferral account, interest rate	75.00%
Elective Deferral Plan [Member] | Minimum [Member] | Eligible Executives [Member]
Defined Benefit Plan Disclosure [Line Items]
Range of return on equity	0.00%
Elective Deferral Plan [Member] | Maximum [Member] | Eligible Executives [Member]
Defined Benefit Plan Disclosure [Line Items]
Range of return on equity	15.00%

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Fair Value and Portfolio Allocations of Plan Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Net Investment Income [Line Items]
Fair value and portfolio allocations of plan assets, Market Value	$ 2,020	$ 1,987
Fair value and portfolio allocations of plan assets, Percent of Assets	100.00%
Cash and Cash Equivalents [Member]
Net Investment Income [Line Items]
Fair value and portfolio allocations of plan assets, Market Value	$ 519
Fair value and portfolio allocations of plan assets, Percent of Assets	26.00%
Fixed Income Mutual Funds [Member]
Net Investment Income [Line Items]
Fair value and portfolio allocations of plan assets, Market Value	$ 976
Fair value and portfolio allocations of plan assets, Percent of Assets	48.00%
U.S. Large-Cap Funds [Member]
Net Investment Income [Line Items]
Fair value and portfolio allocations of plan assets, Market Value	$ 525
Fair value and portfolio allocations of plan assets, Percent of Assets	26.00%

Employee Benefit Plans - Summ83

Employee Benefit Plans - Summary of Accumulated Benefit Obligation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Accumulated postretirement benefit obligation	$ 2,334	$ 2,027
Interest cost	14	94
Actuarial loss	213	401
Divestiture Curtailments or settlements	(2,508)
Estimated benefit payments	(53)	(188)
Total accumulated postretirement benefit obligation	2,334	2,027	$ 2,334
Fair value of plan assets beginning of period	2,020	1,987
Return on plan assets	9	61
Benefits paid	(53)	(188)
Contribution	532	160
Fair value of plan assets at end of year		2,020
Funded status			(314)
Unrecognized net actuarial loss	$ 0	0
Liability			$ (314)
Accumulated benefit obligation		$ 2,334

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Pension Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Interest cost on APBO	$ 14	$ 94
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization of actuarial loss	84	39	$ 82
Interest cost on APBO	14	94	90
Expected return on plan assets	(74)	(95)	(72)
Net periodic postretirement cost	$ 24	$ 38	$ 100

Directors Retirement Plan - Add

Directors Retirement Plan - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Minimum period of service for retirement	5 years
Maximum payment period for benefits	10 years
Plan assets of director's retirement plan		$ 2,020,000	$ 1,987,000
Accumulated other comprehensive loss expected to be recognized as a component of net periodic benefit cost	$ 13,000
Director's Retirement Plan [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Discount rate of directors retirement plan	3.87%	3.52%
Plan assets of director's retirement plan	$ 0
Contribution to the director's retirement plan	75,000
Minimum [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Remuneration rate for board of directors	5,000
Maximum [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Remuneration rate for board of directors	$ 17,500

Directors Retirement Plan - Sta

Directors Retirement Plan - Status of Directors Retirement Plan (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Accrued plan cost included in other liabilities		$ 2,334	$ 2,027
Director [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued plan cost included in other liabilities	$ 702	743
Recognized in accumulated other comprehensive income
Unrecognized prior service cost	0	0
Net actuarial gain	(41)	(141)
Amounts not recognized as a component of net postretirement benefit (benefit)	$ (41)	$ (141)

Directors Retirement Plan - Com

Directors Retirement Plan - Components of Net Periodic Plan Cost for Retirement Plan (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net periodic plan cost included the following components:
Interest cost	$ 14	$ 94
Director's Retirement Plan [Member]
Net periodic plan cost included the following components:
Service cost	19	26	$ 29
Interest cost	46	39	36
Amortization of prior service cost	13	14	21
Net periodic postretirement cost	$ 78	$ 79	$ 86

Directors Retirement Plan - Ben

Directors Retirement Plan - Benefits Expected to be Paid (Detail) - Director [Member] $ in Thousands	Dec. 31, 2015USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,016	$ 75
2,017	70
2,018	75
2,019	63
2,020	62
2021 - 2025	$ 188

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail)	May. 31, 2013Non_Employee_Directors$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares	May. 21, 2009shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted		0
Weighted average exercise price of shares | $ / shares		$ 0
Share based compensation arrangement by share based payment award options exercisable description		In five equal installments beginning on the date of grant and continuing on the next four anniversaries of the date of grant.
Options outstanding		175,892	311,705
Excess tax benefits of stock based compensation | $		$ 59,000	$ 70,000	$ 142,000
Share-based compensation expense | $		1,605,000	1,390,000	$ 895,000
Aggregate intrinsic value of options exercised | $		68,000	44,000
Cash receipts due to exercise of stock options | $		124,000	89,000
Fair value of options vested | $		$ 35,000	$ 52,000
2009 Equity Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, common stock, shares authorized		2,300,000			2,300,000
Vesting period				5 years
2000 Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, common stock, shares authorized		2,613,185
Stock options granted		0
Somerset Hills' Stock Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted		395,191
Weighted average exercise price of shares | $ / shares		$ 6.33
Options outstanding		64,057	84,043
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $		$ 35,000	$ 42,000	$ 72,000
Stock Options [Member] | 2009 Equity Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $		49,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $		188,000
Share-based compensation expense | $		497,000	$ 707,000	$ 823,000
Fair value of options vested | $		$ 1,000,000
Unrecognized compensation expense, period of recognition		1 year 4 months 24 days
Restricted Stock [Member] | 2009 Equity Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted		0	1,942	109,391
Granted, Weighted average price | $ / shares			$ 11.21	$ 9.41
Vesting period			5 years	5 years
Share-based compensation expense | $			$ 4,000	$ 206,000
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Weighted average price | $ / shares		$ 11.08
Granted, Number of shares		137,009
RSUs [Member] | 2009 Equity Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $		$ 1,100,000
Granted, Weighted average price | $ / shares		$ 11.08	$ 10.65
Vesting period		3 years
Share-based compensation expense | $		$ 506,000	$ 453,000
Unrecognized compensation expense, period of recognition		1 year 6 months
Granted, Number of shares		137,009	127,791
Share-based compensation expense | $		$ 1,100,000	$ 641,000
RSUs [Member] | 2009 Equity Compensation Program [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		2 years
RSUs [Member] | 2009 Equity Compensation Program [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	52,500
Number of non-employee directors | Non_Employee_Directors	2
Weighted average exercise price of shares | $ / shares	$ 9.44
Non-Employee Directors 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	26,250
Non-Employee Directors 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	26,250
Key Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding		0	86,890
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding		111,829	140,772

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Weighted Average Assumptions Used to Estimate Options Using Black-Scholes Option Pricing Model (Detail)	12 Months Ended
	Dec. 31, 2015$ / shares
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Black Scholes Method Used [Line Items]
Risk-free interest rates	1.55%
Expected dividend yield	2.82%
Expected volatility	45.45%
Expected lives (years)	7 years
Weighted average fair value of options granted	$ 3.31
Somerset Hills Bancorp [Member]
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Black Scholes Method Used [Line Items]
Risk-free interest rates, minimum	0.04%
Risk-free interest rates, maximum	1.55%
Expected dividend yield	2.82%
Expected volatility, minimum	13.00%
Expected volatility, maximum	47.00%
Weighted average fair value of options granted	$ 3.79
Minimum [Member] | Somerset Hills Bancorp [Member]
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Black Scholes Method Used [Line Items]
Expected lives (years)	3 months
Maximum [Member] | Somerset Hills Bancorp [Member]
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Black Scholes Method Used [Line Items]
Expected lives (years)	7 years

Stock-Based Compensation - Opti

Stock-Based Compensation - Option Activity under the Company's Stock Option Plans (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding, Number of shares, Beginning balance | shares	311,705
Granted, Number of shares | shares	0
Exercised, Number of shares | shares	(16,918)
Expired, Number of shares | shares	(86,110)
Forfeited, Number of shares | shares	(32,785)
Outstanding, Number of shares, Ending balance | shares	175,892
Options exercisable, Number of shares, Ending balance | shares	154,891
Outstanding, Weighted average exercise price, Beginning balance | $ / shares	$ 9.69
Granted, Weighted average exercise price | $ / shares	0
Exercised, Weighted average exercise price | $ / shares	7.34
Expired, Weighted average exercise price | $ / shares	12.13
Forfeited, Weighted average exercise price | $ / shares	11.48
Outstanding, Weighted average exercise price, Ending balance | $ / shares	8.38
Options exercisable, Weighted average exercise price, Ending balance | $ / shares	$ 8.22
Outstanding, Weighted average remaining contractual term (in years), Ending balance	5 years 11 days
Options exercisable, Weighted average remaining contractual term (in years), Ending balance	4 years 8 months 12 days
Outstanding, Aggregate intrinsic value, Beginning balance | $	$ 681,861
Outstanding, Aggregate intrinsic value, Ending balance | $	602,236
Options exercisable, Aggregate intrinsic value, Ending balance | $	$ 552,308

Stock-Based Compensation - Su92

Stock-Based Compensation - Summary of Company's Non-Vested Options Under Company's Option Plans (Detail)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested Option, Shares, Granted | shares	0
Non-vested Option, Weighted-Average Grant-date Fair Value, Granted | $ / shares	$ 3.31
Non-vested Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested Option, Shares, Beginning balance | shares	31,501
Non-vested Option, Shares, Granted | shares	0
Non-vested Option, Shares, Vested | shares	(10,500)
Non-vested Option, Shares, Ending balance | shares	21,001
Non-vested Option, Weighted-Average Grant-date Fair Value, Beginning balance | $ / shares	$ 3.31
Non-vested Option, Weighted-Average Grant-date Fair Value, Granted | $ / shares	0
Non-vested Option, Weighted-Average Grant-date Fair Value, Vested | $ / shares	3.31
Non-vested Option, Weighted-Average Grant-date Fair Value, Ending balance | $ / shares	$ 3.31

Stock-Based Compensation - Su93

Stock-Based Compensation - Summary of Company's Restricted Stock (Detail)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of shares, Beginning balance | shares	160,284
Vested, Number of shares | shares	(86,696)
Forfeited, Number of shares | shares	(88)
Outstanding, Number of shares, Ending balance | shares	73,500
Outstanding, Weighted average price, Beginning balance | $ / shares	$ 9.21
Vested, Weighted average price | $ / shares	9.11
Forfeited, Weighted average price | $ / shares	9.39
Outstanding, Weighted average price, Ending balance | $ / shares	$ 9.33
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of shares, Beginning balance | shares	98,535
Granted, Number of shares | shares	137,009
Vested, Number of shares | shares	(33,919)
Forfeited, Number of shares | shares	(715)
Outstanding, Number of shares, Ending balance | shares	200,910
Outstanding, Weighted average price, Beginning balance | $ / shares	$ 10.64
Granted, Weighted average price | $ / shares	11.08
Vested, Weighted average price | $ / shares	11.03
Forfeited, Weighted average price | $ / shares	10.78
Outstanding, Weighted average price, Ending balance | $ / shares	$ 10.87

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Rent expense under long-term operating leases	$ 2,700,000	$ 2,700,000	$ 2,500,000
Rent expense to related parties	$ 143,000	$ 139,000	$ 180,000

Commitments and Contingencies95

Commitments and Contingencies - Aggregate Future Minimum Commitments of Lease Payments (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,016	$ 2,608
2,017	2,283
2,018	2,043
2,019	1,835
2,020	1,612
Thereafter	14,367
Total	$ 24,748

Financial Instruments with Of96

Financial Instruments with Off-Balance-Sheet Risk and Concentrations of Credit Risk - Summary of Approximate Contract Amounts of Collateral or Other Security to Support Financial Instruments with Credit Risk (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial Instruments Whose Contract Amounts Represent Credit Risk [Member]
Schedule Of Financial Instruments With Off Balance Sheet Credit Risk [Line items]
Approximate contract amounts of collateral or other security	$ 0	$ 0
Commitments to Extend Credit [Member]
Schedule Of Financial Instruments With Off Balance Sheet Credit Risk [Line items]
Financial instruments with off-balance sheet risks, contract amount	773,058	621,305
Standby Letters of Credit and Financial Guarantees Written [Member]
Schedule Of Financial Instruments With Off Balance Sheet Credit Risk [Line items]
Financial instruments with off-balance sheet risks, contract amount	$ 11,060	$ 10,449

Financial Instruments with Of97

Financial Instruments with Off-Balance-Sheet Risk and Concentrations of Credit Risk - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Offsetting [Abstract]
Commitments to lend additional funds to borrowers	$ 8,000	$ 19,000
Potential undiscounted amount of future payments, maximum	$ 11,100,000
Expiry of letters of credit	2,024
Loan and lease commitments	$ 773,100,000
Loan and lease commitments maturing within one year	570,200,000
Maturing after one year but within three years	141,700,000
Maturing after three years but within five years	6,500,000
Maturing after five years	54,700,000
Standby letters of credit	11,100,000
Standby letters of credit maturing within one year	9,400,000
Letters of credit maturing after one year but within three years	1,600,000
Letters of credit maturing after five years	$ 80,000

Comprehensive Income - Componen

Comprehensive Income - Components of Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unrealized gains (losses) on available for sale securities
Unrealized holding gains (losses) arising during period, Before tax amount	$ (375)	$ 9,663	$ (13,675)
Less reclassification adjustment for net gains realized in net income, Before tax amount	241	3	839
Net unrealized gains (losses) on available for sale securities, Before tax amount	(616)	9,660	(14,514)
Change in pension liabilities, Before tax amount	3	31	866
Other comprehensive income (loss), net, Before tax amount	(613)	9,691	(13,648)
Unrealized holding gains (losses) arising during period, Tax benefit (Expense)	155	(3,483)	4,985
Less reclassification adjustment for net gains realized in net income, (Expense)	(84)	(1)	(330)
Net unrealized gains (losses) on available for sale securities, Tax Benefit (Expense)	239	(3,482)	5,315
Change in pension liabilities, Tax Benefit (Expense)	1	(11)	(278)
Other comprehensive income (loss), net, Tax Benefit (Expense)	240	(3,493)	5,037
Unrealized holding gains (losses) arising during period, Net of tax amount	(220)	6,180	(8,690)
Less reclassification adjustment for net gains realized in net income, Net of tax amount	157	2	509
Net unrealized gains (losses) on available for sale securities, Net of tax amount	(377)	6,178	(9,199)
Change in pension liabilities, Net of tax amount	4	20	588
Other Comprehensive Income (Loss)	$ (373)	$ 6,198	$ (8,611)

Comprehensive Income - Summary

Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 1,523	$ (4,675)	$ 3,936
Other comprehensive income (loss) before classifications	(216)	6,200	(8,102)
Amounts reclassified from accumulated other comprehensive income	(157)	(2)	(509)
Other Comprehensive Income (Loss)	(373)	6,198	(8,611)
Ending balance	1,150	1,523	(4,675)
Unrealized Gains (Losses) on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	1,531	(4,647)	4,552
Other comprehensive income (loss) before classifications	(220)	6,180	(8,690)
Amounts reclassified from accumulated other comprehensive income	(157)	(2)	(509)
Other Comprehensive Income (Loss)	(377)	6,178	(9,199)
Ending balance	1,154	1,531	(4,647)
Pension Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(8)	(28)	(616)
Other comprehensive income (loss) before classifications	4	20	588
Other Comprehensive Income (Loss)	4	20	588
Ending balance	$ (4)	$ (8)	$ (28)

Fair Value Measurement and F100

Fair Value Measurement and Fair Value of Financial Instruments - Fair Value of Financial Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets/Liabilities:
Investment securities, available for sale	$ 442,349	$ 457,449
US Treasury and Government Agencies [Member]
Assets/Liabilities:
Investment securities, available for sale	97,133	93,920
Obligations of States and Political Subdivisions [Member]
Assets/Liabilities:
Investment securities, available for sale	36,498	30,519
Equity Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	18,645	17,574
Fair Value, Measurements, Recurring [Member]
Assets/Liabilities:
Investment securities, available for sale	442,349	457,449
Total Assets	443,867	457,486
Total Liabilities	1,518	37
Fair Value, Measurements, Recurring [Member] | Non-Hedging [Member] | Interest Rate Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities	1,518	37
Assets/Liabilities:
Other Assets	1,518	37
Fair Value, Measurements, Recurring [Member] | US Treasury and Government Agencies [Member]
Assets/Liabilities:
Investment securities, available for sale	97,133	93,920
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	289,572	314,931
Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions [Member]
Assets/Liabilities:
Investment securities, available for sale	36,498	30,519
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	501	505
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	18,645	17,574
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Assets/Liabilities:
Investment securities, available for sale	9,940	12,475
Total Assets	9,940	12,475
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government Agencies [Member]
Assets/Liabilities:
Investment securities, available for sale	4,888	8,321
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	5,052	4,154
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Assets/Liabilities:
Investment securities, available for sale	432,409	444,974
Total Assets	433,927	445,011
Total Liabilities	1,518	37
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Non-Hedging [Member] | Interest Rate Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities	1,518	37
Assets/Liabilities:
Other Assets	1,518	37
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government Agencies [Member]
Assets/Liabilities:
Investment securities, available for sale	92,245	85,599
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	289,572	314,931
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions [Member]
Assets/Liabilities:
Investment securities, available for sale	36,498	30,519
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	501	505
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Assets/Liabilities:
Investment securities, available for sale	$ 13,593	$ 13,420

Fair Value Measurement and F101

Fair Value Measurement and Fair Value of Financial Instruments - Fair Value of Financial Assets Measured on Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans and Leases	$ 26,006	$ 25,693
Loans held for sale	1,233	592
Other real estate owned and other repossessed assets	983	1,026
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	1,233	592
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans and Leases	26,006	25,693
Other real estate owned and other repossessed assets	$ 983	$ 1,026

Fair Value Measurement and F102

Fair Value Measurement and Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term municipal bond	$ 6,300
Subordinate debt	31,238	$ 41,238
Non-rated [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinate debt	$ 1,000
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	5.00%
Capitalization rates	5.00%
Maximum [Member]
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 F103

Fair Value Measurement and Fair Value of Financial Instruments - Carrying Values and Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial Assets:
Investment securities held to maturity, Fair Value	$ 117,594	$ 109,030
Investment securities held to maturity, Carrying Value	116,740	107,976
Federal Home Loan Bank and other membership bank stocks, Fair Value	14,087	9,846
Federal Home Loan Bank and other membership bank stocks, Carrying Value	14,087	9,846
Loans and leases, net Fair Value	2,930,188	2,624,581
Loans and leases, net Carrying Value	2,934,326	2,623,142
Financial Liabilities:
Certificates of Deposit, Fair Value	341,998	279,439
Certificates of Deposit, Carrying value	343,321	279,962
Other borrowings, Fair Value	275,409	205,343
Other borrowings, Carrying value	271,905	202,498
Subordinated debentures, Fair Value	24,366	30,929
Subordinated debentures, Carrying Value	31,238	41,238
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Investment securities held to maturity, Fair Value	110,293	103,916
Federal Home Loan Bank and other membership bank stocks, Fair Value	14,087	9,846
Financial Liabilities:
Certificates of Deposit, Fair Value	341,998	279,439
Other borrowings, Fair Value	275,409	205,343
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Investment securities held to maturity, Fair Value	7,301	5,114
Loans and leases, net Fair Value	2,930,188	2,624,581
Financial Liabilities:
Subordinated debentures, Fair Value	$ 24,366	$ 30,929

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Available for sale securities pledged for collateral	$ 2,500,000	$ 505,000

Derivatives - Summary Informati

Derivatives - Summary Information Regarding Derivatives (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
3rd Party Interest Rate Swaps [Member]
Derivative [Line Items]
Derivatives, Asset Notional Amount	$ 35,664,000	$ 17,279,000
Derivatives, Average Maturity (Years)	14 years 7 months 6 days	5 years 8 months 12 days
Derivatives, Weighted Average Rate Fixed	4.54%	3.84%
Derivatives, Weighted Average Variable Rate, description	1 Mo Libor + 2.00	1 Mo Libor + 2.21
Derivatives, Weighted Average Variable Rate	2.00%	2.21%
Derivatives, Fair Value	$ (1,518,000)	$ (37,000)
Customer Interest Rate Swaps [Member]
Derivative [Line Items]
Derivatives, Liability Notional Amount	$ (35,664,000)	$ (17,279,000)
Derivatives, Average Maturity (Years)	14 years 7 months 6 days	5 years 8 months 12 days
Derivatives, Weighted Average Rate Fixed	4.54%	3.84%
Derivatives, Weighted Average Variable Rate, description	1 Mo Libor + 2.00	1 Mo Libor + 2.21
Derivatives, Weighted Average Variable Rate	2.00%	2.21%
Derivatives, Fair Value	$ 1,518,000	$ 37,000

Regulatory Matters - Additional

Regulatory Matters - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Jul. 31, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of surplus	Not less than 50%
Amount available for dividends under the surplus capital requirements	$ 281.5
Tier 1 capital to risk-weighted assets ratio	10.53%	11.76%	4.50%
Tier 1 capital conservation buffer of risk-weighted assets			2.50%
Tier 1 capital conservation buffer of risk-weighted assets, 2016			0.625%
Tier 1 capital conservation buffer of risk-weighted assets, 2017			0.625%
Tier 1 capital conservation buffer of risk-weighted assets, 2018			0.625%
Tier 1 capital conservation buffer of risk-weighted assets, 2019			0.625%
Ratio of Tier 1 capital to risk-weighted assets	6.00%	4.00%
Minimum leverage ratio			4.00%
Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Ratio of Tier 1 capital to risk-weighted assets			4.00%
Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Ratio of Tier 1 capital to risk-weighted assets			6.00%

Regulatory Matters - Summary of

Regulatory Matters - Summary of Capital Ratios (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Jul. 31, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets)	$ 351,779	$ 337,597
Tier 1 capital (to risk-weighted assets)	318,867	305,814
Common equity Tier 1 capital (to risk-weighted assets)	288,867
Tier 1 capital (to average assets)	$ 318,867	$ 305,814
Total capital (to risk-weighted assets), ratio	11.61%	12.98%
Tier 1 capital (to risk-weighted assets), ratio	10.53%	11.76%	4.50%
Common equity Tier 1 capital (to risk-weighted assets), ratio	9.54%
Tier 1 capital (to average assets), ratio	8.70%	9.08%
Total capital (to risk-weighted assets), For capital adequacy purposes	$ 242,299	$ 208,024
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes	181,724	104,012
Common equity Tier 1 capital (to risk-weighted assets), For capital adequacy purposes	136,293
Tier 1 capital (to average assets), For capital adequacy purposes	$ 146,594	$ 134,760
Total capital (to risk-weighted assets), For capital adequacy purposes , ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes, ratio	6.00%	4.00%
Common equity Tier 1 capital (to risk-weighted assets),For capital adequacy purposes, ratio	4.50%
Tier 1 capital (to average assets), For capital adequacy purposes, ratio	4.00%	4.00%
Subsidiaries [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets)	$ 328,574	$ 314,047
Tier 1 capital (to risk-weighted assets)	295,662	282,267
Common equity Tier 1 capital (to risk-weighted assets)	295,662
Tier 1 capital (to average assets)	$ 295,662	$ 282,267
Total capital (to risk-weighted assets), ratio	10.87%	12.10%
Tier 1 capital (to risk-weighted assets), ratio	9.78%	10.87%
Common equity Tier 1 capital (to risk-weighted assets), ratio	9.78%
Tier 1 capital (to average assets), ratio	8.08%	8.39%
Total capital (to risk-weighted assets), For capital adequacy purposes	$ 241,880	$ 207,714
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes	181,410	103,857
Common equity Tier 1 capital (to risk-weighted assets), For capital adequacy purposes	136,057
Tier 1 capital (to average assets), For capital adequacy purposes	$ 146,453	$ 134,614
Total capital (to risk-weighted assets), For capital adequacy purposes , ratio	8.00%	8.00%
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes, ratio	6.00%	4.00%
Common equity Tier 1 capital (to risk-weighted assets),For capital adequacy purposes, ratio	4.50%
Tier 1 capital (to average assets), For capital adequacy purposes, ratio	4.00%	4.00%
Total capital (to risk - weighted assets), To be well capitalized under prompt corrective action provisions	$ 302,350	$ 259,642
Tier 1 capital (to risk-weighted assets), To be well capitalized under prompt corrective action provisions	241,880	155,785
Common equity Tier 1 capital (to risk-weighted assets), To be well capitalized under prompt corrective action provisions	196,527
Tier 1 capital (to average assets), To be well capitalized under prompt corrective action provisions	$ 183,066	$ 168,268
Total capital (to risk - weighted assets), To be well capitalized under prompt corrective action provisions, ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets), To be well capitalized under prompt corrective action provisions, ratio	8.00%	6.00%
Common equity Tier 1 capital (to risk-weighted assets), To be well capitalized under prompt corrective action provision, ratio	6.50%
Tier 1 capital (to average assets), To be well capitalized under prompt corrective action provisions, ratio	5.00%	5.00%

Goodwill and Other Intangibl108

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 109,974	$ 109,974
Core deposit intangible	1,500	2,000
Amortization of Core deposit intangible	415	$ 464	$ 288
Somerset Hills Acquisition [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	22,900
Core deposit intangible			$ 2,700
Prior Acquisitions [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 87,100

Goodwill and Other Intangibl109

Goodwill and Other Intangible Assets - Schedule of Estimated Future Amortization Expense (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,016	$ 366
2,017	316
2,018	267
2,019	218
2,020	$ 168

Condensed Financial Informat110

Condensed Financial Information - Parent Company Only - Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and due from banks	$ 118,493	$ 109,316	$ 102,721	$ 107,545
Investment securities, available for sale	442,349	457,449
Investment securities, held to maturity	116,740	107,976
Other assets	20,353	16,023
TOTAL ASSETS	3,869,550	3,538,325
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	19,085	15,397
Subordinated debentures	31,238	41,238
Total stockholders' equity	400,516	379,438	351,424	280,867
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	3,869,550	3,538,325
Parent Company [Member]
ASSETS
Cash and due from banks	15,921	11,893	$ 7,478	$ 10,349
Investment securities, available for sale	5,060	4,162
Investment securities, held to maturity	1,000
Investment in subsidiaries	406,538	395,664
Other assets	3,265	9,344
TOTAL ASSETS	431,784	421,063
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	30	387
Subordinated debentures	31,238	41,238
Total stockholders' equity	400,516	379,438
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 431,784	$ 421,063

Condensed Financial Informat111

Condensed Financial Information - Parent Company Only - Condensed Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
INCOME
Other income	$ 800	$ 537	$ 1,333
EXPENSE
Noninterest expenses	87,211	79,135	78,741
Income taxes provision (benefit)	16,167	15,159	12,450
Net Income Available to Common Shareholders	32,481	31,129	24,969
Parent Company [Member]
INCOME
Dividends from subsidiaries	23,376	16,581	20,916
Other income	1,987	102	1,640
TOTAL INCOME	25,363	16,683	22,556
EXPENSE
Interest on subordinated debentures	1,009	1,068	1,286
Noninterest expenses	605	313	2,551
TOTAL EXPENSE	1,614	1,381	3,837
Income before benefit for income taxes	23,749	15,302	18,719
Income taxes provision (benefit)	67	(447)	(722)
Income before equity in undistributed income of subsidiaries	23,682	15,749	19,441
Equity in undistributed income of subsidiaries	8,799	15,380	5,528
Net Income Available to Common Shareholders	$ 32,481	$ 31,129	$ 24,969

Condensed Financial Informat112

Condensed Financial Information - Parent Company Only - Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$ 32,481	$ 31,129	$ 24,969
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Share based compensation	1,605	1,390	895
Gain on early extinguishment	(1,830)		(1,197)
Decrease (increase) in other assets	(5,257)	(879)	7,366
Increase (decrease) in other liabilities	3,691	495	995
NET CASH PROVIDED BY OPERATING ACTIVITIES	40,766	45,629	50,728
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of available for sale securities	(92,904)	(90,630)	(187,452)
Purchases of held to maturity securities	(33,811)	(30,556)	(19,603)
Proceeds from sale of securities, available for sale	33,613	15,719	64,020
NET CASH USED IN INVESTING ACTIVITIES	(324,937)	(220,556)	(66,066)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on common and preferred stock	(12,586)	(10,836)	(8,152)
Issuance of stock to the dividend reinvestment and stock purchase plan	22	77	186
Redemption of subordinated debentures, net	(8,170)		(9,113)
Retirement of Restricted stock	(254)	(104)
Excess tax benefits	59	70	142
Exercise of stock options	124	90	2,209
NET CASH PROVIDED BY FINANCING ACTIVITIES	293,348	181,522	10,514
Net increase (decrease) in cash and cash equivalents	9,177	6,595	(4,824)
Cash and cash equivalents, beginning of year	109,316	102,721	107,545
CASH AND CASH EQUIVALENTS, END OF YEAR	118,493	109,316	102,721
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	32,481	31,129	24,969
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Share based compensation			895
Gain on securities	(29)		(359)
Gain on early extinguishment	(1,830)		(1,197)
Decrease (increase) in other assets	3,861	(174)	(954)
Increase (decrease) in other liabilities	176	(46)	25
Equity in undistributed income of subsidiaries	(8,799)	(15,380)	(5,528)
NET CASH PROVIDED BY OPERATING ACTIVITIES	25,860	15,529	17,851
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in acquisition			(6,233)
Purchases of available for sale securities	(56)	(471)	(415)
Purchases of held to maturity securities	(1,000)
Sale of land held for sale		60
Proceeds from sale of securities, available for sale	29		654
NET CASH USED IN INVESTING ACTIVITIES	(1,027)	(411)	(5,994)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid on common and preferred stock	(12,586)	(10,836)	(8,152)
Issuance of stock to the dividend reinvestment and stock purchase plan		77	186
Proceeds on issuance of stock, net	22
Redemption of subordinated debentures, net	(8,170)		(9,113)
Retirement of Restricted stock	(254)	(104)
Excess tax benefits	59	70	142
Exercise of stock options	124	90	2,209
NET CASH PROVIDED BY FINANCING ACTIVITIES	(20,805)	(10,703)	(14,728)
Net increase (decrease) in cash and cash equivalents	4,028	4,415	(2,871)
Cash and cash equivalents, beginning of year	11,893	7,478	10,349
CASH AND CASH EQUIVALENTS, END OF YEAR	$ 15,921	$ 11,893	$ 7,478