Lakeland Bancorp (LBAI) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	LBAI
Entity Registrant Name	LAKELAND BANCORP INC
Entity Central Index Key	846,901
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		44,441,935

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash	$ 146,306	$ 113,894
Interest-bearing deposits due from banks	6,577	4,599
Total cash and cash equivalents	152,883	118,493
Investment securities available for sale, at fair value	460,390	442,349
Investment securities held to maturity; fair value of $129,447 at June 30, 2016 and $117,594 at December 31, 2015	126,221	116,740
Federal Home Loan Bank and other membership bank stock, at cost	15,797	14,087
Loans held for sale	6,463	1,233
Loans, net of deferred costs (fees)	3,451,382	2,965,200
Less: allowance for loan and lease losses	30,667	30,874
Net loans	3,420,715	2,934,326
Premises and equipment, net	49,322	35,881
Accrued interest receivable	10,480	9,208
Goodwill	125,285	109,974
Other identifiable intangible assets	2,728	1,545
Bank owned life insurance	66,212	65,361
Other assets	31,364	20,353
TOTAL ASSETS	4,467,860	3,869,550
Deposits:
Noninterest bearing	824,077	693,741
Savings and interest-bearing transaction accounts	2,235,918	1,958,510
Time deposits $250 thousand and under	359,471	270,623
Time deposits over $250 thousand	117,865	72,698
Total deposits	3,537,331	2,995,572
Federal funds purchased and securities sold under agreements to repurchase	123,662	151,234
Other borrowings	294,771	271,905
Subordinated debentures	31,238	31,238
Other liabilities	25,924	19,085
TOTAL LIABILITIES	4,012,926	3,469,034
STOCKHOLDERS' EQUITY
Common stock, no par value; authorized shares, 70,000,000; issued 41,240,826 shares at June 30, 2016 and 37,906,481 shares at December 31, 2015	424,409	386,287
Retained earnings	23,836	13,079
Accumulated other comprehensive income	6,689	1,150
TOTAL STOCKHOLDERS' EQUITY	454,934	400,516
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,467,860	$ 3,869,550

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Investment securities held to maturity; fair value	$ 129,447	$ 117,594
Common stock, par value
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	41,240,826	37,906,481

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
INTEREST INCOME
Loans, leases and fees	$ 35,800	$ 28,211	$ 69,921	$ 56,107
Federal funds sold and interest-bearing deposits with banks	124	11	199	23
Taxable investment securities and other	2,696	2,688	5,658	5,362
Tax-exempt investment securities	417	398	830	808
TOTAL INTEREST INCOME	39,037	31,308	76,608	62,300
INTEREST EXPENSE
Deposits	2,404	1,346	4,609	2,629
Federal funds purchased and securities sold under agreements to repurchase	9	37	47	59
Other borrowings	1,522	1,256	3,000	2,425
TOTAL INTEREST EXPENSE	3,935	2,639	7,656	5,113
NET INTEREST INCOME	35,102	28,669	68,952	57,187
Provision for loan and lease losses	1,010	740	2,085	1,610
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES	34,092	27,929	66,867	55,577
NONINTEREST INCOME
Service charges on deposit accounts	2,523	2,450	4,965	4,790
Commissions and fees	1,099	1,196	2,078	2,503
Gains on sales of investment securities		17	370	17
Gains on sales of loans	425	464	845	729
Income on bank owned life insurance	414	388	822	1,087
Other income	424	443	672	570
TOTAL NONINTEREST INCOME	4,885	4,958	9,752	9,696
NONINTEREST EXPENSE
Salaries and employee benefits	13,091	12,144	27,176	23,894
Net occupancy expense	2,341	2,273	5,029	4,821
Furniture and equipment	2,082	1,629	4,028	3,285
Stationery, supplies and postage	416	377	859	742
Marketing expense	385	416	694	656
FDIC insurance expense	681	531	1,271	1,049
Data processing expense	459	438	979	773
Telecommunications expense	386	358	810	703
ATM and debit card expense	383	382	729	724
Expenses on other real estate owned and other repossessed assets	26	27	65	19
Merger related expenses	685		2,406
Core deposit intangible amortization	164	107	331	218
Other expenses	2,616	2,513	4,762	4,353
TOTAL NONINTEREST EXPENSE	23,715	21,195	49,139	41,237
Income before provision for income taxes	15,262	11,692	27,480	24,036
Income tax expense	5,132	3,830	9,242	7,844
NET INCOME	$ 10,130	$ 7,862	$ 18,238	$ 16,192
PER SHARE OF COMMON STOCK
Basic earnings	$ 0.24	$ 0.21	$ 0.44	$ 0.42
Diluted earnings	0.24	0.21	0.44	0.42
Dividends	$ 0.095	$ 0.085	$ 0.180	$ 0.160

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 10,130	$ 7,862	$ 18,238	$ 16,192
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Unrealized securities gains (losses) during period	1,697	(2,177)	5,854	498
Reclassification for gains included in net income		(17)	(233)	(17)
Unrealized losses on derivatives	(126)		(126)
Change in pension liability, net	6	5	44	10
Other comprehensive income (loss)	1,577	(2,189)	5,539	491
TOTAL COMPREHENSIVE INCOME	$ 11,707	$ 5,673	$ 23,777	$ 16,683

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
BALANCE at Dec. 31, 2015	$ 400,516	$ 386,287	$ 13,079	$ 1,150
NET INCOME	18,238		18,238
Other comprehensive income, net of tax	5,539			5,539
Stock based compensation	1,107	1,107
Issuance of stock for Pascack acquisition	37,221	37,221
Retirement of restricted stock	(206)	(206)
Cash dividends, common stock	(7,481)		(7,481)
BALANCE at Jun. 30, 2016	$ 454,934	$ 424,409	$ 23,836	$ 6,689

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$ 18,238	$ 16,192
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premiums, discounts and deferred loan fees and costs	1,794	2,009
Depreciation and amortization	1,847	1,914
Amortization of intangible assets	331	218
Provision for loan and lease losses	2,085	1,610
Loans originated for sale	(38,408)	(34,649)
Proceeds from sales of loans	34,023	32,622
Gains on sales of securities	(370)	(17)
Gains on sales of loans held for sale	(845)	(729)
Gains on other real estate and other repossessed assets	(90)	(144)
Losses on sales of premises and equipment	117	2
Stock-based compensation	1,107	912
Increase in other assets	(9,176)	(3,535)
Increase (decrease) in other liabilities	483	(281)
NET CASH PROVIDED BY OPERATING ACTIVITIES	11,136	16,124
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash acquired in acquisition	40,942
Proceeds from repayments on and maturity of securities:
Available for sale	40,083	37,946
Held to maturity	13,156	8,804
Proceeds from sales of securities
Available for sale	15,654	11,472
Purchase of securities:
Available for sale	(61,705)	(54,241)
Held to maturity	(22,778)	(24,245)
Purchase of bank owned life insurance		(4,078)
Proceeds from bank owned life insurance policy		772
Net decrease (increase) in Federal Home Loan Bank Stock	1,253	(2,933)
Net increase in loans and leases	(170,698)	(103,750)
Proceeds from sales of other real estate and repossessed assets	758	853
Proceeds from dispositions and sales of premises and equipment	11	4
Capital expenditures	(1,648)	(2,053)
NET CASH USED IN INVESTING ACTIVITIES	(144,972)	(131,449)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	237,564	52,204
(Decrease) increase in federal funds purchased and securities sold under agreements to repurchase	(27,572)	37,314
Proceeds from other borrowings	4,921	70,230
Repayments of other borrowings	(39,000)	(10,000)
Excess tax benefits		59
Exercise of stock options		113
Retirement of restricted stock	(206)	(250)
Dividends paid	(7,481)	(6,095)
NET CASH PROVIDED BY FINANCING ACTIVITIES	168,226	143,575
Net increase in cash and cash equivalents	34,390	28,250
Cash and cash equivalents, beginning of period	118,493	109,316
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 152,883	$ 137,566

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Note 1. Significant Accounting Policies Basis of Presentation. This quarterly report presents the consolidated financial statements of Lakeland Bancorp, Inc. and its subsidiaries, including Lakeland Bank (Lakeland) and the Bank’s wholly owned subsidiaries (collectively, the “Company”). The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (U.S. GAAP) and predominant practices within the banking industry. The Company’s unaudited interim financial statements reflect all adjustments, such as normal recurring accruals that are, in the opinion of management, necessary for the fair presentation of the results of the interim periods. The results of operations for the three and six months ended June 30, 2016 do not necessarily indicate the results that the Company will achieve for all of 2016. Certain information and footnote disclosures required under U.S. GAAP have been condensed or omitted, as permitted by rules and regulations of the Securities and Exchange Commission. You should read these interim financial statements in conjunction with the audited consolidated financial statements and accompanying notes that are presented in the Lakeland Bancorp, Inc. Annual Report on Form 10-K for the year ended December 31, 2015.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisitions	Note 2. Acquisitions Harmony Bank On July 1, 2016, the Company completed its acquisition of Harmony Bank, a bank located in Ocean County, NJ. Effective upon the opening of business on July 1, 2016, Harmony was merged into Lakeland Bank. This merger allows the Company to expand its presence to Ocean County. The merger agreement provided that shareholders of Harmony would receive 1.25 shares of the Company common stock for each share of Harmony Bank common stock that they owned at the effective time of the merger. The Company issued an aggregate of approximately 3,201,109 shares of its common stock in the merger. Outstanding Harmony stock options were paid out in cash at the difference between $14.31 (Lakeland’s closing stock price on July 1, 2016 of $11.45 multiplied by 1.25) and the average strike price of $9.07 for a total cash payment of $869,000. As of the opening of business July 1, 2016, Harmony operated three branches in Ocean County, New Jersey, and had total assets, total loans, total deposits and total stockholders’ equity of $314 million, $261 million, $277 million, and $24 million, respectively. As the merger has not been completed as of June 30, 2016, the transaction is not reflected in the balance sheet or results of operations for the periods presented in this document. 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 3,314,284 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 operated 8 branches in Bergen and Essex Counties in New Jersey, and had total assets, total loans, total deposits and total stockholders’ equity of $389.9 million, $320.9 million, $303.2 million and $26.9 million, respectively, before purchase accounting adjustments. This transaction resulted in $15.3 million of goodwill and generated $1.5 million in core deposit intangibles. During the quarter ended June 30, 2016, the Company revised the estimated fair value of the acquired assets as of the acquisition date as the result of additional information obtained. The adjustment related to the fair market value of certain fixed assets which resulted in a $158,000 decrease in goodwill. 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 are included in the Company’s Consolidated Statements of Income from that date forward. The assets acquired and liabilities assumed in the acquisition were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition, including the use of a third party valuation specialist. The fair values are preliminary estimates and subject to adjustment for up to one year after the closing date of the acquisition. The following table summarizes the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Pascack, net of cash consideration paid. On Janaury 7, (in thousands) Cash and cash equivalents $ 40,942 Securities held to maturity 3,925 Federal Home Loan Bank stock 2,962 Loans and leases 319,575 Premises and equipment 14,438 Goodwill 15,311 Identifiable intangible assets 1,514 Accrued interest receivable and other assets 6,672 Total assets acquired 405,339 Deposits (304,466 ) Other borrowings (57,308 ) Other liabilities (6,344 ) Total liabilities assumed (368,118 ) Net assets acquired $ 37,221 Loans acquired in the Pascack acquisition were recorded at fair value and subsequently accounted for in accordance with ASC Topic 310, and there was no carryover related allowance for loan and lease losses. The fair values of loans acquired from Pascack were estimated using cash flow projections based on the remaining maturity and repricing terms. Cash flows were adjusted for estimated future credit losses and the rate of prepayments. Projected cash flows were then discounted to present value using a risk-adjusted market rate for similar loans. The following is a summary of the loans acquired in the Pascack acquisition as of the closing date. (in thousands) Acquired Acquired Total Contractually required principal and interest at acquisition $ 4,932 $ 442,401 $ 447,333 Contractual cash flows not expected to be collected (non-accretable difference) 4,030 — 4,030 Expected cash flows at acquisition $ 902 $ 442,401 $ 443,303 Interest component of expected cash flows (accretable difference) 85 123,643 123,728 Fair value of acquired loans $ 817 $ 318,758 $ 319,575 The core deposit intangible totaled $1.5 million and is being estimated over its estimated useful life of approximately 10 years using an accelerated method. The goodwill will be evaluated annually for impairment. The goodwill is not deductible for tax purposes. The fair values of deposit liabilities with no stated maturities such as checking, money market and savings accounts, were assumed to equal the carrying amounts since these deposits are payable on demand. The fair values of certificates of deposits and IRAs represent the present value of contractual cash flows discounted at market rates for similar certificates of deposit. Direct costs related to the Pascack and Harmony acquisitions were expensed as incurred. During the six months ended June 30, 2016, the Company incurred $2.4 million of merger and acquisition integration-related expenses, which have been separately stated in the Company’s consolidated statements of income. Supplemental Pro Forma Financial Information The following table provides unaudited condensed pro forma financial information assuming that the Pascack acquisition had been completed as of January 1, 2016, for the six months ended June 30, 2016 and as of January 1, 2015 for the six months ended June 30, 2015. The table below has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results. Furthermore, the unaudited proforma information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings or the impact of conforming certain accounting policies of the acquired company to the Company’s policies that may have occurred as a result of the integration and consolidation of Pascack’s operations. The pro forma information shown reflects adjustments related to certain purchase accounting fair value adjustments; amortization of core deposit and other intangibles; and related income tax effects. The Company has not provided separate information regarding revenue and earnings of Pascack since the acquisition because of the manner in which Pascack’s branches and lending team were immediately merged into Lakeland’s branches and lending team making such information impracticable to provide. (in thousands) Pro-Forma Pro-Forma Net interest income $ 69,209 $ 64,518 Provision for loan losses 2,085 1,610 Noninterest income 9,756 9,887 Noninterest expense 46,978 46,506 Net income 19,855 17,528 Earnings per share: Fully diluted $ 0.48 $ 0.42

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 3. Earnings Per Share The following schedule shows the Company’s earnings per share calculations for the periods presented: For the Three Months Ended June 30, For the Six Months Ended June 30, (In thousands, except per share data) 2016 2015 2016 2015 Net income available to common shareholders $ 10,130 $ 7,862 $ 18,238 $ 16,192 Less: earnings allocated to participating securities 106 68 162 120 Net income allocated to common shareholders $ 10,024 $ 7,794 $ 18,076 $ 16,072 Weighted average number of common shares outstanding - basic 41,238 37,854 41,084 37,827 Share-based plans 168 134 161 134 Weighted average number of common shares outstanding - diluted 41,406 37,988 41,245 37,961 Basic earnings per share $ 0.24 $ 0.21 $ 0.44 $ 0.42 Diluted earnings per share $ 0.24 $ 0.21 $ 0.44 $ 0.42 There were no antidilutive options to purchase common stock to be excluded from the computation for the three and six months ended June 30, 2016. Options to purchase 83,437 shares of common stock at a weighted average price of $12.29 per share were outstanding and were not included in the computations of diluted earnings per share for the three and six months ended June 30, 2015 because the exercise price was greater than the average market price.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 4. Investment Securities Available For Sale June 30, 2016 December 31, 2015 Amortized Gross Gross Fair Amortized Gross Gross Fair (in thousands) (in thousands) U.S. treasury and U.S. government agencies $ 90,746 $ 2,034 $ — $ 92,780 $ 97,617 $ 190 $ (674 ) $ 97,133 Mortgage-backed securities, residential 292,829 4,835 (119 ) 297,545 280,018 1,717 (2,283 ) 279,452 Mortgage-backed securities, multifamily 10,220 288 — 10,508 10,249 — (129 ) 10,120 Obligations of states and political subdivisions 39,225 1,390 (8 ) 40,607 35,639 910 (51 ) 36,498 Other debt securities — — — — 498 3 — 501 Equity securities 16,715 2,490 (255 ) 18,950 16,550 2,393 (298 ) 18,645 $ 449,735 $ 11,037 $ (382 ) $ 460,390 $ 440,571 $ 5,213 $ (3,435 ) $ 442,349 Held to Maturity June 30, 2016 December 31, 2015 Amortized Gross Gross Fair Amortized Gross Gross Fair (in thousands) (in thousands) U.S. government agencies $ 26,589 $ 974 $ — $ 27,563 $ 30,477 $ 289 $ (94 ) $ 30,672 Mortgage-backed securities, residential 37,972 882 (33 ) 38,821 36,466 411 (426 ) 36,451 Mortgage-backed securities, multifamily 2,110 23 — 2,133 2,159 — (60 ) 2,099 Obligations of states and political subdivisions 57,534 1,370 (62 ) 58,842 45,617 809 (156 ) 46,270 Other debt securities 2,016 72 — 2,088 2,021 81 — 2,102 $ 126,221 $ 3,321 $ (95 ) $ 129,447 $ 116,740 $ 1,590 $ (736 ) $ 117,594 The following table shows investment securities by stated maturity. Securities backed by mortgages have expected maturities that differ from contractual maturities because borrowers have the right to call or prepay, and are, therefore, classified separately with no specific maturity date (in thousands): June 30, 2016 Available for Sale Held to Maturity Amortized Fair Amortized Fair Due in one year or less $ 2,389 $ 2,405 $ 20,956 $ 20,924 Due after one year through five years 73,837 75,555 23,854 24,629 Due after five years through ten years 48,059 49,516 34,112 35,442 Due after ten years 5,686 5,911 7,217 7,498 129,971 133,387 86,139 88,493 Mortgage-backed securities 303,049 308,053 40,082 40,954 Equity securities 16,715 18,950 — — Total securities $ 449,735 $ 460,390 $ 126,221 $ 129,447 The following table shows proceeds from sales of securities and gross gains on sales of securities for the periods indicated (in thousands): For the Three Months Ended For the Six Months Ended June 30, June 30, 2016 2015 2016 2015 Sale proceeds $ — $ 11,472 $ 15,654 $ 11,472 Gross gains — 28 370 28 Gross losses — (11 ) — (11 ) There were no other-than-temporary impairments for the six months ended June 30, 2016 or 2015. Gains or losses on sales of investment 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 $357.0 million and $347.7 million at June 30, 2016 and December 31, 2015, 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 June 30, 2016 and December 31, 2015: June 30, 2016 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Number of Fair Value Unrealized (in thousands) Available for Sale Mortgage-backed securities, residential $ 5,089 $ 22 $ 16,727 $ 97 14 $ 21,816 $ 119 Obligations of states and political subdivisions 888 8 — — 1 888 8 Equity securities 234 42 4,774 213 2 5,008 255 $ 6,211 $ 72 $ 21,501 $ 310 17 $ 27,712 $ 382 Held to Maturity Mortgage-backed securities, residential $ 2,291 $ 10 $ 1,121 $ 23 3 $ 3,412 $ 33 Obligations of states and political subdivisions 15,204 61 752 1 13 15,956 62 $ 17,495 $ 71 $ 1,873 $ 24 16 $ 19,368 $ 95 December 31, 2015 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Number of Fair Value Unrealized (in thousands) Available for Sale U.S. treasury and U.S. government agencies $ 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 Other debt securities — — — — — — — 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 Management has evaluated the securities in the above table and has concluded that none of the securities are other-than-temporarily impaired. The cause of the fair values being below cost is due to interest rate movements and is deemed temporary. All investment securities are evaluated on a periodic basis to identify any factors that would require a further analysis. In evaluating the Company’s securities, management considers the following items: • The Company’s ability and intent to hold the securities, including an evaluation of the need to sell the security to meet certain liquidity measures, or whether the Company has sufficient levels of cash to hold the identified security in order to recover the entire amortized cost of the security; • The financial condition of the underlying issuer; • The credit ratings of the underlying issuer and if any changes in the credit rating have occurred; • The length of time the security’s fair value has been less than amortized cost; and • Adverse conditions related to the security or its issuer if the issuer has failed to make scheduled payments or other factors. If the above factors indicate that an additional analysis is required, management will perform and consider the results of a discounted cash flow analysis. As of June 30, 2016, the equity securities include investments in equity stocks and investments in investment funds that use net asset value per share to measure fair value. The equity stocks represent investments in other financial institutions for market appreciation purposes. Those equities had a purchase price of $2.7 million and a market value of $5.0 million as of June 30, 2016. The investment funds include $2.9 million that are primarily invested in community development loans that are guaranteed by the Small Business Administration (SBA). Because the funds are primarily guaranteed by the federal government there are minimal changes in market value between accounting periods. These funds can be redeemed with 60 days notice at the net asset value less unpaid management fees with the approval of the fund manager. As of June 30, 2016, 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 $11.0 million 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 June 30, 2016, the amortized cost of these securities was $11.0 million and the fair value was $11.0 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, Leases and Other Real Es

Loans, Leases and Other Real Estate	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Loans, Leases and Other Real Estate	Note 5. Loans, Leases and Other Real Estate The following sets forth the composition of the Company’s loan and lease portfolio as of June 30, 2016 and December 31, 2015: June 30, December 31, (in thousands) Commercial, secured by real estate $ 2,200,147 $ 1,761,589 Commercial, industrial and other 313,062 307,044 Leases 63,338 56,660 Real estate - residential mortgage 383,823 389,692 Real estate - construction 152,978 118,070 Home equity and consumer 340,956 334,891 Total loans 3,454,304 2,967,946 Less: deferred fees (2,922 ) (2,746 ) Loans, net of deferred fees $ 3,451,382 $ 2,965,200 At June 30, 2016 and December 31, 2015, home equity and consumer loans included overdraft deposit balances of $512,000 and $705,000, respectively. At June 30, 2016 and December 31, 2015, the Company had $807.0 million and $738.7 million in loans pledged for actual and potential borrowings at the Federal Home Loan Bank of New York (“FHLB”). The carrying value of loans acquired in the Pascack acquisition and accounted for in accordance with ASC Subtopic 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality,” was $0.8 million at June 30, 2016, which was substantially the same as the balance at the Pascack acquisition date of January 7, 2016. Under ASC Subtopic 310-30, these loans, referred to as purchased credit impaired (“PCI”) loans, may be aggregated and accounted for as pools of loans if the loans being aggregated have common risk characteristics. The Company elected to account for the loans with evidence of credit deterioration individually rather than aggregate them into pools. The difference between the undiscounted cash flows expected at acquisition and the investment in the acquired loans, or the “accretable yield,” is recognized as interest income utilizing the level-yield method over the life of each loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “non-accretable difference,” are not recognized as a yield adjustment, as a loss accrual or as a valuation allowance. Increases in expected cash flows subsequent to the acquisition are recognized prospectively through an adjustment of the yield on the loans over the remaining life, while decreases in expected cash flows are recognized as impairments through a loss provision and an increase in the allowance for loan and lease losses. Valuation allowances (recognized in the allowance for loan and lease losses) on these impaired loans reflect only losses incurred after the acquisition (representing all cash flows that were expected at acquisition but currently are not expected to be received). There were no material increases or decreases in the expected cash flows between acquisition date and June 30, 2016. The Company recognized $31,000 of interest income on the credit impaired loans acquired. Non-Performing Assets and Past Due Loans The following schedule sets forth certain information regarding the Company’s non-performing assets and its accruing troubled debt restructurings, excluding PCI loans: (in thousands) June 30, December 31, Commercial, secured by real estate $ 12,554 $ 10,446 Commercial, industrial and other 41 103 Leases 159 316 Real estate - residential mortgage 8,865 8,664 Home equity and consumer 3,325 3,167 Total non-accrual loans and leases $ 24,944 $ 22,696 Other real estate and other repossessed assets 1,594 983 TOTAL NON-PERFORMING ASSETS $ 26,538 $ 23,679 Troubled debt restructurings, still accruing $ 9,509 $ 10,108 Non-accrual loans included $2.4 million and $2.5 million of troubled debt restructurings as of June 30, 2016 and December 31, 2015, respectively. As of June 30, 2016 and December 31, 2015, the Company had $7.0 million and $7.9 million, respectively, in residential mortgages and consumer home equity loans that were in the process of foreclosure. An age analysis of past due loans, segregated by class of loans as of June 30, 2016 and December 31, 2015, is as follows: Greater Recorded Than Total Investment Greater 30-59 Days 60-89 Days 89 Days Total Loans than 89 Days and Past Due Past Due Past Due Past Due Current and Leases Still Accruing (in thousands) June 30, 2016 Commercial, secured by real estate $ 5,357 $ 4,150 $ 9,269 $ 18,776 $ 2,181,371 $ 2,200,147 $ — Commercial, industrial and other 792 213 136 1,141 311,921 313,062 — Leases 145 25 159 329 63,009 63,338 — Real estate - residential mortgage 2,168 1,263 6,906 10,337 373,486 383,823 — Real estate - construction — — — — 152,978 152,978 — Home equity and consumer 650 146 2,568 3,364 337,592 340,956 42 $ 9,112 $ 5,797 $ 19,038 $ 33,947 $ 3,420,357 $ 3,454,304 $ 42 December 31, 2015 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 Impaired Loans The Company defines impaired loans as all non-accrual loans and leases with recorded investments of $500,000 or greater. Impaired loans also includes all loans modified in troubled debt restructurings. Impaired loans as of June 30, 2016 and December 31, 2015 are as follows: Contractual Recorded Unpaid Interest Average Investment in Principal Specific Income Investment in June 30, 2016 Impaired Loans Balance Allowance Recognized Impaired Loans (in thousands) Loans without specific allowance: Commercial, secured by real estate $ 12,615 $ 13,090 $ — $ 116 $ 13,015 Commercial, industrial and other 95 95 — 2 96 Leases — — — — — Real estate - residential mortgage 3,129 3,146 — 8 2,084 Real estate - construction — — — — — Home equity and consumer 537 537 — — 545 Loans with specific allowance: Commercial, secured by real estate 7,630 8,143 493 145 6,924 Commercial, industrial and other 916 916 43 20 938 Leases — — — — 3 Real estate - residential mortgage 934 1,008 31 15 938 Real estate - construction — — — — — Home equity and consumer 1,247 1,406 103 30 1,201 Total: Commercial, secured by real estate $ 20,245 $ 21,233 $ 493 $ 261 $ 19,939 Commercial, industrial and other 1,011 1,011 43 22 1,034 Leases — — — — 3 Real estate - residential mortgage 4,063 4,154 31 23 3,022 Real estate - construction — — — — — Home equity and consumer 1,784 1,943 103 30 1,746 $ 27,103 $ 28,341 $ 670 $ 336 $ 25,744 Contractual Recorded Unpaid Interest Average Investment in Principal Specific Income Investment in December 31, 2015 Impaired Loans Balance Allowance Recognized Impaired Loans (in thousands) Loans without specific 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 specific 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 Interest income recognized on impaired loans was $336,000 and $394,000, respectively, for the six months ended June 30, 2016 and 2015. Interest that would have been accrued on impaired loans during the first six months of 2016 and 2015 had the loans been performing under original terms would have been $828,000 and $794,000, respectively. Credit Quality Indicators The class of loans is determined by internal risk rating. Management closely and continually monitors the quality of its loans and leases and assesses the quantitative and qualitative risks arising from the credit quality of its loans and leases. Lakeland assigns a credit risk rating to all commercial loans and loan commitments. The credit risk rating system has been developed by management to provide a methodology to be used by loan officers, department heads and senior management in identifying various levels of credit risk that exist within Lakeland’s loan portfolios. The risk rating system assists senior management in evaluating Lakeland’s commercial loan portfolio, analyzing trends, and determining the proper level of required reserves to be recommended to the Board. In assigning risk ratings, management considers, among other things, a borrower’s debt service coverage, earnings strength, loan to value ratios, industry conditions and economic conditions. Management categorizes commercial loans and commitments into a one (1) to nine (9) numerical structure with rating 1 being the strongest rating and rating 9 being the weakest. Ratings 1 through 5W are considered ‘Pass’ ratings. The following table shows the Company’s commercial loan portfolio as of June 30, 2016 and December 31, 2015, by the risk ratings discussed above (in thousands): Commercial, Commercial, Secured by Industrial Real Estate- June 30, 2016 Real Estate and Other Construction Risk Rating 1 $ — $ 4,790 $ — 2 — 12,859 — 3 90,333 39,328 — 4 664,396 120,918 21,003 5 1,299,359 111,842 128,998 5W - Watch 74,293 8,824 271 6 - Other assets especially mentioned 23,139 4,918 1,472 7 - Substandard 48,627 9,583 1,234 8 - Doubtful — — — 9 - Loss — — — Total $ 2,200,147 $ 313,062 $ 152,978 Commercial, Commercial, Secured by Industrial Real Estate- December 31, 2015 Real Estate and Other Construction Risk Rating 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 The risk rating tables above do 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 no longer has 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. The following table details activity in the allowance for loan and lease losses by portfolio segment for the three and six months ended June 30, 2016 and 2015: Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Three Months Ended June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Beginning Balance $ 20,077 $ 2,597 $ 588 $ 2,266 $ 1,504 $ 3,521 $ 30,553 Charge-offs (139 ) (171 ) (205 ) (213 ) — (317 ) (1,045 ) Recoveries 26 34 21 1 — 67 149 Provision 395 (248 ) 220 110 284 249 1,010 Ending Balance $ 20,359 $ 2,212 $ 624 $ 2,164 $ 1,788 $ 3,520 $ 30,667 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Three Months Ended June 30, 2015 Real Estate and Other Leases Mortgage Construction Consumer Unallocated Total (in thousands) Beginning Balance $ 12,560 $ 3,307 $ 1,038 $ 3,298 $ 637 $ 6,924 $ 2,741 $ 30,505 Charge-offs (805 ) (64 ) (102 ) (89 ) — (415 ) — (1,475 ) Recoveries 325 42 — 2 6 29 — 404 Provision 1,839 (417 ) 18 (195 ) 82 (619 ) 32 740 Ending Balance $ 13,919 $ 2,868 $ 954 $ 3,016 $ 725 $ 5,919 $ 2,773 $ 30,174 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Six Months Ended June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Beginning Balance $ 20,223 $ 2,637 $ 460 $ 2,588 $ 1,591 $ 3,375 $ 30,874 Charge-offs (274 ) (796 ) (275 ) (306 ) — (937 ) (2,588 ) Recoveries 81 76 22 4 — 113 296 Provision 329 295 417 (122 ) 197 969 2,085 Ending Balance $ 20,359 $ 2,212 $ 624 $ 2,164 $ 1,788 $ 3,520 $ 30,667 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Six Months Ended June 30, 2015 Real Estate and Other Leases Mortgage Construction Consumer Unallocated Total (in thousands) Beginning Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Charge-offs (1,351 ) (74 ) (529 ) (106 ) (20 ) (676 ) — (2,756 ) Recoveries 364 84 20 3 106 59 — 636 Provision 1,329 (338 ) 881 (901 ) 86 203 350 1,610 Ending Balance $ 13,919 $ 2,868 $ 954 $ 3,016 $ 725 $ 5,919 $ 2,773 $ 30,174 Loans receivable summarized by portfolio segment and impairment method are as follows: Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Ending Balance: Individually evaluated for impairment $ 20,245 $ 1,011 $ — $ 4,063 $ — $ 1,784 $ 27,103 Ending Balance: Collectively evaluated for impairment 2,179,493 311,720 63,338 379,760 152,978 339,153 $ 3,426,442 Ending Balance: Loans acquired with deteriorated credit quality 409 331 — — — 19 $ 759 Ending Balance (1) $ 2,200,147 $ 313,062 $ 63,338 $ 383,823 $ 152,978 $ 340,956 $ 3,454,304 (1) Excludes deferred fees Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and December 31, 2015 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) 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 The allowance for loan and lease losses is summarized by portfolio segment and impairment classification as follows: Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Ending Balance: Individually evaluated for impairment $ 493 $ 43 $ — $ 31 $ — $ 103 $ 670 Ending Balance: Collectively evaluated for impairment 19,866 2,169 624 2,133 1,788 3,417 $ 29,997 Ending Balance $ 20,359 $ 2,212 $ 624 $ 2,164 $ 1,788 $ 3,520 $ 30,667 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and December 31, 2015 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) 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 Lakeland also maintains a reserve for unfunded lending commitments which is included in other liabilities. This reserve was $2.5 million and $2.0 million at June 30, 2016 and December 31, 2015, respectively. The Company 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 are those loans where 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, a moratorium of principal payments and/or an extension of the maturity date at a stated interest rate lower than the current market rate of a new loan with similar risk. The Company considers the potential losses on these loans as well as the remainder of its impaired loans while considering the adequacy of the allowance for loan and lease losses. The following table summarizes loans that have been restructured during the three and six months ended June 30, 2016 and 2015: For the Three Months Ended For the Three Months Ended June 30, 2016 June 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment (dollars in thousands) Troubled Debt Restructurings Commercial, secured by real estate — $ — $ — 2 $ 1,458 $ 1,458 Commercial, industrial and other — — — 2 784 784 — $ — $ — 4 $ 2,242 $ 2,242 For the Six Months Ended For the Six Months Ended June 30, 2016 June 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment (dollars in thousands) Troubled Debt Restructurings Commercial, secured by real estate — $ — $ — 2 $ 1,458 $ 1,458 Commercial, industrial and other — — — 3 1,933 1,933 Leases — — — 1 14 14 Real estate - construction — — — 1 396 396 Home equity and consumer 3 285 285 1 9 9 3 $ 285 $ 285 8 $ 3,810 $ 3,810 The following table summarizes as of June 30, 2016 and 2015, loans that were restructured within the previous twelve months that have subsequently defaulted: June 30, 2016 June 30, 2015 Number of Recorded Number of Recorded Contracts Investment Contracts Investment (dollars in thousands) Defaulted Troubled Debt Restructurings Real estate - residential mortgage — $ — 1 $ 483 Home equity and consumer 1 162 — — 1 $ 162 1 $ 483 Other Real Estate and Other Repossessed Assets At June 30, 2016, the Company had other real estate owned of $1.6 million. It had no other repossessed assets as of June 30, 2016. At December 31, 2015, the Company had other real estate owned and other repossessed assets of $934,000 and $49,000, respectively. The other real estate owned that the Company held at June 30, 2016 and December 31, 2015 included $1.0 million and $805,000, respectively, in residential property acquired as a result of foreclosure proceedings or through a deed in lieu of foreclosure.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 6. 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 June 30, 2016 and December 31, 2015, Lakeland had $7.2 million and $2.5 million, respectively, in available for sale securities pledged for collateral on its interest rate swaps with the financial institution. In June 2016, the Company entered into two cash flow hedges in order to hedge the variable cash outflows associated with its subordinated debentures. The notional value of these hedges was $30.0 million. The Company’s objectives in using the cash flow hedge is to add stability to interest expense and to manage its exposure to interest rate movements. The Company used interest rate swaps designated as cash flow hedges which involved the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. In these particular hedges the Company is paying a third party an average of 1.10% in exchange for a payment at 3 month LIBOR. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges are recorded in accumulated other comprehensive income and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the six months ended June 30, 2016, the Company did not record any hedge ineffectiveness. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s debt. During the next twelve months, the Company estimates that $141,000 will be reclassified as an increase to interest expense should the rate environment remain the same. The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands): June 30, 2016 Notional Amount Average Weighted Average Weighted Average Fair Value Customer interest rate swaps $ 82,229 11.8 4.13 % 1 Mo Libor + 2.01 $ 6,078 3rd Party interest rate swaps (82,229 ) 11.8 4.13 % 1 Mo Libor + 2.01 (6,078 ) Interest rate swap (cash flow hedge) 30,000 5 1.10 % 3 Mo. Libor (193 ) December 31, 2015 Notional Amount Average Weighted Average Weighted Average Fair Value Customer interest rate swaps $ 35,664 14.6 4.54 % 1 Mo Libor + 2.00 $ 1,518 3rd party interest rate swaps (35,664 ) 14.6 4.54 % 1 Mo Libor + 2.00 (1,518 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 7. Goodwill and Intangible Assets The Company has recorded goodwill of $125.3 million and $110.0 million at June 30, 2016 and December 31, 2015, respectively, which includes $15.3 million from the Pascack merger in 2016, $22.9 million from the Somerset Hills acquisition in 2013 and $87.1 million from prior acquisitions. The Company reviews its goodwill and intangible assets annually, on November 30, or more frequently if conditions warrant, for impairment. In testing goodwill for impairment, the Company compares the estimated fair value of its reporting unit to its carrying amount, including goodwill. The Company has determined that it has one reporting unit, Community Banking. The Company recorded $1.5 million and $2.7 million in core deposit intangible for the Pascack and Somerset Hills acquisitions, respectively. Year-to-date, it has amortized $331,000 in core deposit intangible including $138,000 and $193,000 for Pascack and Somerset Hills, respectively. The estimated future amortization expense for the remainder of 2016 and for each of the succeeding five years ended December 31 is as follows (dollars in thousands): For the Year Ended Pascack Somerset 2016 $ 138 $ 173 2017 248 316 2018 220 267 2019 193 218 2020 165 168 2021 138 119

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Borrowings	Note 8. Borrowings At June 30, 2016, the Company had federal funds purchased and securities sold under agreements to repurchase of $99.6 million and $24.0 million respectively. The securities sold under agreements to repurchase are overnight sweep arrangement accounts with our customers. The Company also had $50.0 million in long-term securities sold under agreements to repurchase included in other borrowings which have maturities ranging from one to seven years. As of June 30, 2016, the Company had $102.5 million in mortgage backed securities pledged for its securities sold under agreements to repurchase. At times the market values of securities collateralizing our securities sold under agreements to repurchase may decline due to changes in interest rates and may necessitate our lenders to issue a “margin call” which requires Lakeland to pledge additional collateral to meet that margin call.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Note 9. Share-Based Compensation The Company grants restricted stock, restricted stock units (RSUs) and stock options under the 2009 Equity Compensation Program. Share-based compensation expense of $1.1 million and $912,000 was recognized for the six months ended June 30, 2016 and 2015, respectively. As of June 30, 2016, there was unrecognized compensation cost of $240,000 related to unvested restricted stock that is expected to be recognized over a weighted average period of approximately 0.59 years. Unrecognized compensation expense related to RSUs was approximately $1.7 million as of June 30, 2016, and that cost is expected to be recognized over a period of 1.36 years. Unrecognized compensation expense related to unvested stock options was approximately $32,000 as of June 30, 2016 and is expected to be recognized over a period of 0.92 years. In the first six months of 2016, the Company granted 23,952 shares of restricted stock to non-employee directors at a grant date fair value of $10.02 per share under the 2009 Equity Compensation Program. The restricted stock vests one year from the date it was granted. Compensation expense on this restricted stock is expected to be $240,000 over a one year period. Information regarding the Company’s restricted stock and changes during the six months ended June 30, 2016 is as follows: Number of Weighted Outstanding, January 1, 2016 73,500 $ 9.33 Granted 23,952 10.02 Vested (54,360 ) 9.33 Forfeited (168 ) 9.12 Outstanding, June 30, 2016 42,924 $ 9.72 In the first six months of 2016, the Company granted 150,226 RSUs to certain officers at a weighted average grant date fair value of $10.06 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 recipient of the RSUs reaches a certain age and years of service, the person has effectively earned a portion of the RSUs at that time. Compensation expense on the restricted stock units issued in the first half of 2016 is expected to average approximately $504,000 per year over a three year period. In the first six months of 2015, the Company granted 129,509 RSUs at a weighted average grant date fair value of $11.06 per share under the Company’s 2009 Equity Compensation Program. Compensation expense on these restricted stock units is expected to average approximately $477,000 per year over a three year period. Information regarding the Company’s RSUs and changes during the six months ended June 30, 2016 is as follows: Number of Weighted Outstanding, January 1, 2016 200,910 $ 10.87 Granted 150,226 10.06 Vested (66,749 ) 10.28 Forfeited (6,157 ) 10.65 Outstanding, June 30, 2016 278,230 $ 10.58 There were no grants of stock options in the first six months of 2016 or 2015. Option activity under the Company’s stock option plans is as follows: Number of Weighted Weighted Aggregate Outstanding, January 1, 2016 175,892 $ 8.38 $ 602,236 Granted — — Exercised — — Forfeited — — Expired — — Outstanding, June 30, 2016 175,892 $ 8.38 4.53 $ 530,121 Options exercisable at June 30, 2016 165,274 $ 8.30 4.38 $ 509,241 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the first six months of 2016 and the exercise price, multiplied by the number of in-the-money options). The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2015 was $63,000. Exercise of stock options during the first six months of 2015 resulted in cash receipts of $113,000.

Comprehensive Income

Comprehensive Income	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Comprehensive Income	Note 10. Comprehensive Income The components of other comprehensive income (loss) are as follows: June 30, 2016 June 30, 2015 Before Tax Benefit Net of Before Tax Benefit Net of (in thousands) (in thousands) For the quarter ended: Net unrealized gains (losses) on available for sale securities Net unrealized holding gains (losses) arising during period $ 2,684 ($ 987 ) $ 1,697 ($ 3,466 ) $ 1,289 ($ 2,177 ) Reclassification adjustment for net gains arising during the period — — — (26 ) 9 (17 ) Net unrealized gains (losses) $ 2,684 ($ 987 ) $ 1,697 ($ 3,492 ) $ 1,298 ($ 2,194 ) Unrealized loss on derivatives (193 ) 67 (126 ) — — — Change in minimum pension liability 8 (2 ) 6 8 (3 ) 5 Other comprehensive income (loss), net $ 2,499 ($ 922 ) $ 1,577 ($ 3,484 ) $ 1,295 ($ 2,189 ) Before Tax Benefit Net of Before Tax Benefit Net of (in thousands) (in thousands) For the six months ended: Net unrealized gains on available for sale securities Net unrealized holding gains arising during period $ 9,247 ($ 3,393 ) $ 5,854 $ 759 ($ 261 ) $ 498 Reclassification adjustment for net gains arising during the period (370 ) 137 (233 ) (26 ) 9 (17 ) Net unrealized gains $ 8,877 ($ 3,256 ) $ 5,621 $ 733 ($ 252 ) $ 481 Unrealized loss on derivatives (193 ) 67 (126 ) — — — Change in minimum pension liability 72 (28 ) 44 16 (6 ) 10 Other comprehensive income, net $ 8,756 ($ 3,217 ) $ 5,539 $ 749 ($ 258 ) $ 491 The following table shows the changes in the balances of each of the components of other comprehensive income for the periods presented (in thousands): Changes in Accumulated Other Comprehensive Income by component, net of tax For the three months ended June 30, 2016 For the three months ended June 30, 2015 Unrealized Available-for-Sale Unrealized Pension Items Total Unrealized Gains Available-for-Sale Pension Items Total Beginning Balance $ 5,078 $ — $ 34 $ 5,112 $ 4,206 ($ 3 ) $ 4,203 (in thousands) Other comprehensive income (loss) before classifications 1,697 (126 ) 6 1,577 (2,177 ) 5 (2,172 ) Amounts reclassified from accumulated other comprehensive income — — — — (17 ) — (17 ) Net current period other comprehensive income (loss) 1,697 (126 ) 6 1,577 (2,194 ) 5 (2,189 ) Ending Balance $ 6,775 ($ 126 ) $ 40 $ 6,689 $ 2,012 $ 2 $ 2,014 For the six months ended June 30, 2016 For the six months ended June 30, 2015 Unrealized Unrealized Pension Items Total Unrealized Pension Items Total Beginning Balance $ 1,154 $ — ($ 4 ) $ 1,150 $ 1,531 ($ 8 ) $ 1,523 Other comprehensive income before classifications 5,854 (126 ) 44 5,772 498 10 508 Amounts reclassified from accumulated other comprehensive income (233 ) — — (233 ) (17 ) — (17 ) Net current period other comprehensive income 5,621 (126 ) 44 5,539 481 10 491 Ending Balance $ 6,775 ($ 126 ) $ 40 $ 6,689 $ 2,012 $ 2 $ 2,014

Estimated Fair Value of Financi

Estimated Fair Value of Financial Instruments and Fair Value Measurement	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Estimated Fair Value of Financial Instruments and Fair Value Measurement	Note 11. Estimated Fair Value of Financial Instruments and Fair Value Measurement Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels giving the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest level priority to unobservable inputs (level 3 measurements). The following describes the three levels of fair value hierarchy: Level 1 – unadjusted quoted prices in active markets for identical assets or liabilities; includes U.S. Treasury Notes, and other U.S. Government Agency securities that actively trade in over-the-counter markets; equity securities and mutual funds that actively trade in over-the-counter markets. Level 2 – quoted prices for similar assets or liabilities in active markets; or quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs other than quoted prices that are observable for the asset or liability including yield curves, volatilities, and prepayment speeds. Level 3 – unobservable inputs for the asset or liability that reflect the Company’s own assumptions about assumptions that market participants would use in the pricing of the asset or liability and that are consequently not based on market activity but upon particular valuation techniques. The Company’s assets that are measured at fair value on a recurring basis are it’s available for sale investment securities. 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, issuer spreads, bids and offers. On a quarterly basis, the Company reviews the pricing information received from the Company’s third party pricing service. This review includes a comparison to non-binding third-party quotes. The fair values of derivatives are based on valuation models from a third party using current market terms (including interest rates and fees), the remaining terms of the agreements and the credit worthiness of the counter party as of the measurement date (Level 2). The following table sets forth the Company’s financial assets that were accounted for at fair value on a recurring basis as of the periods presented by level within the fair value hierarchy. During the six months ended June 30, 2016, the Company did not make any transfers between any levels within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: Fair Value Quoted Prices in Significant Significant (in thousands) June 30, 2016 Assets: Investment securities, available for sale U.S. treasury and government agencies $ 92,780 $ 6,060 $ 86,720 $ — Mortgage backed securities 308,053 — 308,053 — Obligations of states and political subdivisions 40,607 — 40,607 — Equity securities 18,950 5,038 13,912 — Total securities available for sale 460,390 11,098 449,292 — Derivative Assets 6,078 — 6,078 — Total Assets 466,468 $ 11,098 $ 455,370 $ — Liabilities: Derivative Liabilities $ 6,271 $ — $ 6,271 $ — Total Liabilities $ 6,271 $ — $ 6,271 $ — December 31, 2015 Assets: Investment securities, available for sale U.S. treasury and government agencies $ 97,133 $ 4,888 $ 92,245 $ — Mortgage backed securities 289,572 — 289,572 — Obligations of states and political subdivisions 36,498 — 36,498 — Other debt securities 501 — 501 — Equity securities 18,645 5,052 13,593 — Total securities available for sale 442,349 9,940 432,409 — Derivative Assets 1,518 — 1,518 — Total Assets 443,867 $ 9,940 $ 433,927 $ — Liabilities: Derivative Liabilities $ 1,518 $ — $ 1,518 $ — Total Liabilities $ 1,518 $ — $ 1,518 $ — The following table sets forth the Company’s 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: Quoted Prices in Significant Significant Total (in thousands) June 30, 2016 Assets: Impaired Loans and Leases $ — $ — $ 27,103 $ 27,103 Loans held for sale — 6,463 — 6,463 Other real estate owned and other repossessed assets — — 1,594 1,594 December 31, 2015 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 Impaired loans are evaluated and valued at the time the loan is identified as impaired at the lower of cost or market value of the underlying collateral. Because most of Lakeland’s impaired loans are collateral dependent, fair value is generally measured based on the value of the collateral, less estimated costs to sell, securing these loans and 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 sales comparison approach, the cost approach or the income approach to value the collateral using discount rates (with ranges of 5-11%) or capitalization rates (with ranges of 4-9%) to evaluate the property. The value of the equipment may be determined by an appraiser, if significant, inquiry through a recognized valuation resource, or by the value on the borrower’s financial statements. Field examiner reviews on business assets may be conducted based on the loan exposure and reliance on this type of collateral. Appraised and reported values may be adjusted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and client’s business. Loans that are not collateral dependent are evaluated based on a discounted cash flow method. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors identified above. The Company has a held for sale loan portfolio that consists of residential mortgages that are being sold in the secondary market. The Company records these mortgages at the lower of cost or market value. Fair value is generally determined by the value of purchase commitments. Other real estate owned (OREO) and other repossessed assets, representing property acquired through foreclosure, are recorded at fair value less estimated disposal costs of the acquired property on the date of acquisition and thereafter remeasured and carried at lower of cost or fair market value. Fair value on other real estate owned is based on the appraised value of the collateral using the sales comparison approach or the income approach with discount rates or capitalization rates similar to those used in impaired loan valuation. The fair value of other repossessed assets is estimated by inquiry through recognized valuation resources. Changes in the assumptions or methodologies used to estimate fair values may materially affect the estimated amounts. Changes in economic conditions, locally or nationally, could impact the value of the estimated amounts of impaired loans, OREO and other repossessed assets. Fair Value of Certain Financial Instruments Estimated fair values have been determined by the Company using the best available data and an estimation methodology suitable for each category of financial instruments. 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 June 30, 2016 and December 31, 2015 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 $19.5 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. FHLB stock is an equity interest that can be sold to the issuing FHLB, to other Federal Home Loan Banks, 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 June 30, 2016 and December 31, 2015 has been valued using a present value discounted cash flow where market prices are not available. The discount rate used in these calculations is the estimated current market rate adjusted for credit risk. The valuation of the Company’s loan portfolio is consistent with accounting guidance but does not fully incorporate the exit price approach. For fixed maturity certificates of deposit, fair value is estimated based on the present value of discounted cash flows using the rates currently offered for deposits of similar remaining maturities. The carrying amount of accrued interest payable approximates its fair value. The fair value of long-term debt is based upon the discounted value of contractual cash flows. The Company estimates the discount rate using the rates currently offered for similar borrowing arrangements. The fair value of subordinated debentures is based on bid/ask prices from brokers for similar types of instruments. The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of guarantees and letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The fair value of commitments to extend credit and standby letters of credit are deemed immaterial. The following table presents the carrying values, fair values and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2016 and December 31, 2015: Carrying Fair Quoted Prices in Significant Significant (in thousands) June 30, 2016 Financial Instruments - Assets: Investment securities held to maturity $ 126,221 $ 129,447 $ — $ 109,946 $ 19,501 Federal Home Loan Bank and other membership bank stocks 15,797 15,797 — 15,797 — Loans and leases, net 3,420,715 3,439,536 — — 3,439,536 Financial Instruments - Liabilities: Certificates of deposit 477,336 478,596 — 478,596 — Other borrowings 294,771 300,956 — 300,956 — Subordinated debentures 31,238 21,242 — — 21,242 December 31, 2015 Financial Instruments - Assets: Investment securities held to maturity $ 116,740 $ 117,594 $ — $ 110,293 $ 7,301 Federal Home Loan Bank and other membership bank stocks 14,087 14,087 — 14,087 — Loans and leases, net 2,934,326 2,930,188 — — 2,930,188 Financial Instruments - 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

Statement of Cash Flow Informat

Statement of Cash Flow Information, Supplemental Information	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Statement of Cash Flow Information, Supplemental Information	Note 12. Statement of Cash Flow Information, Supplemental Information For the six months ended June 30, 2016 2015 (in thousands) Supplemental schedule of noncash investing and financing activities: Cash paid during the period for income taxes $ 10,682 $ 7,645 Cash paid during the period for interest 7,501 5,016 Transfer of loans and leases into other repossessed assets and other real estate owned 1,280 760 Acquisition of Pascack: Non-cash assets acquired: Federal Home Loan Bank stock 2,962 — Investment securities held for maturity 3,925 — Loans, including loans held for sale 319,575 — Goodwill and other intangible assets, net 16,825 — Other assets 21,110 — Total non-cash assets acquired 364,397 — Liabilities assumed: Deposits (304,466 ) — Other borrowings (57,308 ) — Other liabilities (6,344 ) — Total liabilities assumed (368,118 ) — Common stock issued and fair value of stock options converted to Lakeland Bancorp stock options 37,221 —

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 13. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update pertaining to the measurement of credit losses on financial instruments. This update requires the measurement of all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable and supportable financials. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. This update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2019. The Company is currently assessing the impact that the guidance will have on the Company’s consolidated financial statements. In March 2016, the FASB issued an accounting standards update to simplify employee share-based payment accounting. The areas for simplification in this update involve several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2017. The Company is currently assessing the impact that the guidance will have on the Company’s consolidated financial statements. In March, 2016, the FASB issued an accounting standards update that requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain criteria are met, including the “clearly and closely related” criterion. The amendments in this update clarify the requirements for assessing whether contingent call or put options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2016. This guidance will be applied on a modified retrospective basis as of the beginning of the fiscal year that the amendment is effective. The adoption of this update is not expected to have a material impact on the Company’s financial statements. In February 2016, 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. The adoption of this update is not expected to have a material impact on the Company’s financial statements. 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. The adoption of this update did not have a material impact on the Company’s financial statements. 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 did not 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 U.S. 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 did not 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 U.S. 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 did not have a material impact on the Company’s financial statements. 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. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. In 2016, the FASB issued further implementation guidance regarding revenue recognition. This additional guidance included clarification on certain principal versus agent considerations within the implementation of the guidance as well as clarification related to identifying performance obligations and licensing. The guidance along with its updates 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.

Significant Accounting Polici21

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. This quarterly report presents the consolidated financial statements of Lakeland Bancorp, Inc. and its subsidiaries, including Lakeland Bank (Lakeland) and the Bank’s wholly owned subsidiaries (collectively, the “Company”). The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (U.S. GAAP) and predominant practices within the banking industry. The Company’s unaudited interim financial statements reflect all adjustments, such as normal recurring accruals that are, in the opinion of management, necessary for the fair presentation of the results of the interim periods. The results of operations for the three and six months ended June 30, 2016 do not necessarily indicate the results that the Company will achieve for all of 2016. Certain information and footnote disclosures required under U.S. GAAP have been condensed or omitted, as permitted by rules and regulations of the Securities and Exchange Commission. You should read these interim financial statements in conjunction with the audited consolidated financial statements and accompanying notes that are presented in the Lakeland Bancorp, Inc. Annual Report on Form 10-K for the year ended December 31, 2015.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update pertaining to the measurement of credit losses on financial instruments. This update requires the measurement of all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable and supportable financials. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. This update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2019. The Company is currently assessing the impact that the guidance will have on the Company’s consolidated financial statements. In March 2016, the FASB issued an accounting standards update to simplify employee share-based payment accounting. The areas for simplification in this update involve several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2017. The Company is currently assessing the impact that the guidance will have on the Company’s consolidated financial statements. In March, 2016, the FASB issued an accounting standards update that requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain criteria are met, including the “clearly and closely related” criterion. The amendments in this update clarify the requirements for assessing whether contingent call or put options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2016. This guidance will be applied on a modified retrospective basis as of the beginning of the fiscal year that the amendment is effective. The adoption of this update is not expected to have a material impact on the Company’s financial statements. In February 2016, 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. The adoption of this update is not expected to have a material impact on the Company’s financial statements. 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. The adoption of this update did not have a material impact on the Company’s financial statements. 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 did not 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 U.S. 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 did not 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 U.S. 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 did not have a material impact on the Company’s financial statements. 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. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. In 2016, the FASB issued further implementation guidance regarding revenue recognition. This additional guidance included clarification on certain principal versus agent considerations within the implementation of the guidance as well as clarification related to identifying performance obligations and licensing. The guidance along with its updates 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.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Summary of Estimated Fair Value of Acquired Assets and Liabilities Assumed at Date of Acquisition, Net of Cash Consideration Paid	The following table summarizes the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Pascack, net of cash consideration paid. On Janaury 7, (in thousands) Cash and cash equivalents $ 40,942 Securities held to maturity 3,925 Federal Home Loan Bank stock 2,962 Loans and leases 319,575 Premises and equipment 14,438 Goodwill 15,311 Identifiable intangible assets 1,514 Accrued interest receivable and other assets 6,672 Total assets acquired 405,339 Deposits (304,466 ) Other borrowings (57,308 ) Other liabilities (6,344 ) Total liabilities assumed (368,118 ) Net assets acquired $ 37,221
Summary of Loans Acquired	The following is a summary of the loans acquired in the Pascack acquisition as of the closing date. (in thousands) Acquired Acquired Total Contractually required principal and interest at acquisition $ 4,932 $ 442,401 $ 447,333 Contractual cash flows not expected to be collected (non-accretable difference) 4,030 — 4,030 Expected cash flows at acquisition $ 902 $ 442,401 $ 443,303 Interest component of expected cash flows (accretable difference) 85 123,643 123,728 Fair value of acquired loans $ 817 $ 318,758 $ 319,575
Summary of Pro Forma Financial Information	(in thousands) Pro-Forma Pro-Forma Net interest income $ 69,209 $ 64,518 Provision for loan losses 2,085 1,610 Noninterest income 9,756 9,887 Noninterest expense 46,978 46,506 Net income 19,855 17,528 Earnings per share: Fully diluted $ 0.48 $ 0.42

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following schedule shows the Company’s earnings per share calculations for the periods presented: For the Three Months Ended June 30, For the Six Months Ended June 30, (In thousands, except per share data) 2016 2015 2016 2015 Net income available to common shareholders $ 10,130 $ 7,862 $ 18,238 $ 16,192 Less: earnings allocated to participating securities 106 68 162 120 Net income allocated to common shareholders $ 10,024 $ 7,794 $ 18,076 $ 16,072 Weighted average number of common shares outstanding - basic 41,238 37,854 41,084 37,827 Share-based plans 168 134 161 134 Weighted average number of common shares outstanding - diluted 41,406 37,988 41,245 37,961 Basic earnings per share $ 0.24 $ 0.21 $ 0.44 $ 0.42 Diluted earnings per share $ 0.24 $ 0.21 $ 0.44 $ 0.42

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Reconciliation of Available-for-Sale Securities	Available For Sale June 30, 2016 December 31, 2015 Amortized Gross Gross Fair Amortized Gross Gross Fair (in thousands) (in thousands) U.S. treasury and U.S. government agencies $ 90,746 $ 2,034 $ — $ 92,780 $ 97,617 $ 190 $ (674 ) $ 97,133 Mortgage-backed securities, residential 292,829 4,835 (119 ) 297,545 280,018 1,717 (2,283 ) 279,452 Mortgage-backed securities, multifamily 10,220 288 — 10,508 10,249 — (129 ) 10,120 Obligations of states and political subdivisions 39,225 1,390 (8 ) 40,607 35,639 910 (51 ) 36,498 Other debt securities — — — — 498 3 — 501 Equity securities 16,715 2,490 (255 ) 18,950 16,550 2,393 (298 ) 18,645 $ 449,735 $ 11,037 $ (382 ) $ 460,390 $ 440,571 $ 5,213 $ (3,435 ) $ 442,349
Reconciliation of Held-to-Maturity Securities	Held to Maturity June 30, 2016 December 31, 2015 Amortized Gross Gross Fair Amortized Gross Gross Fair (in thousands) (in thousands) U.S. government agencies $ 26,589 $ 974 $ — $ 27,563 $ 30,477 $ 289 $ (94 ) $ 30,672 Mortgage-backed securities, residential 37,972 882 (33 ) 38,821 36,466 411 (426 ) 36,451 Mortgage-backed securities, multifamily 2,110 23 — 2,133 2,159 — (60 ) 2,099 Obligations of states and political subdivisions 57,534 1,370 (62 ) 58,842 45,617 809 (156 ) 46,270 Other debt securities 2,016 72 — 2,088 2,021 81 — 2,102 $ 126,221 $ 3,321 $ (95 ) $ 129,447 $ 116,740 $ 1,590 $ (736 ) $ 117,594
Summary of Contractual Maturities of Investment Securities Classified as Available for Sale and Held to Maturity	The following table shows investment securities by stated maturity. Securities backed by mortgages have expected maturities that differ from contractual maturities because borrowers have the right to call or prepay, and are, therefore, classified separately with no specific maturity date (in thousands): June 30, 2016 Available for Sale Held to Maturity Amortized Fair Amortized Fair Due in one year or less $ 2,389 $ 2,405 $ 20,956 $ 20,924 Due after one year through five years 73,837 75,555 23,854 24,629 Due after five years through ten years 48,059 49,516 34,112 35,442 Due after ten years 5,686 5,911 7,217 7,498 129,971 133,387 86,139 88,493 Mortgage-backed securities 303,049 308,053 40,082 40,954 Equity securities 16,715 18,950 — — Total securities $ 449,735 $ 460,390 $ 126,221 $ 129,447
Sales of Securities and Gross Gains on Sales of Securities	The following table shows proceeds from sales of securities and gross gains on sales of securities for the periods indicated (in thousands): For the Three Months Ended For the Six Months Ended June 30, June 30, 2016 2015 2016 2015 Sale proceeds $ — $ 11,472 $ 15,654 $ 11,472 Gross gains — 28 370 28 Gross losses — (11 ) — (11 )
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 June 30, 2016 and December 31, 2015: June 30, 2016 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Number of Fair Value Unrealized (in thousands) Available for Sale Mortgage-backed securities, residential $ 5,089 $ 22 $ 16,727 $ 97 14 $ 21,816 $ 119 Obligations of states and political subdivisions 888 8 — — 1 888 8 Equity securities 234 42 4,774 213 2 5,008 255 $ 6,211 $ 72 $ 21,501 $ 310 17 $ 27,712 $ 382 Held to Maturity Mortgage-backed securities, residential $ 2,291 $ 10 $ 1,121 $ 23 3 $ 3,412 $ 33 Obligations of states and political subdivisions 15,204 61 752 1 13 15,956 62 $ 17,495 $ 71 $ 1,873 $ 24 16 $ 19,368 $ 95 December 31, 2015 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Number of Fair Value Unrealized (in thousands) Available for Sale U.S. treasury and U.S. government agencies $ 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 Other debt securities — — — — — — — 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

Loans, Leases and Other Real 25

Loans, Leases and Other Real Estate (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Composition of Company`s Loan and Lease Portfolio	The following sets forth the composition of the Company’s loan and lease portfolio as of June 30, 2016 and December 31, 2015: June 30, December 31, (in thousands) Commercial, secured by real estate $ 2,200,147 $ 1,761,589 Commercial, industrial and other 313,062 307,044 Leases 63,338 56,660 Real estate - residential mortgage 383,823 389,692 Real estate - construction 152,978 118,070 Home equity and consumer 340,956 334,891 Total loans 3,454,304 2,967,946 Less: deferred fees (2,922 ) (2,746 ) Loans, net of deferred fees $ 3,451,382 $ 2,965,200
Company's Non-Performing Assets and its Accruing Troubled Debt Restructurings, Excluding PCI Loans	The following schedule sets forth certain information regarding the Company’s non-performing assets and its accruing troubled debt restructurings, excluding PCI loans: (in thousands) June 30, December 31, Commercial, secured by real estate $ 12,554 $ 10,446 Commercial, industrial and other 41 103 Leases 159 316 Real estate - residential mortgage 8,865 8,664 Home equity and consumer 3,325 3,167 Total non-accrual loans and leases $ 24,944 $ 22,696 Other real estate and other repossessed assets 1,594 983 TOTAL NON-PERFORMING ASSETS $ 26,538 $ 23,679 Troubled debt restructurings, still accruing $ 9,509 $ 10,108
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 June 30, 2016 and December 31, 2015, is as follows: Greater Recorded Than Total Investment Greater 30-59 Days 60-89 Days 89 Days Total Loans than 89 Days and Past Due Past Due Past Due Past Due Current and Leases Still Accruing (in thousands) June 30, 2016 Commercial, secured by real estate $ 5,357 $ 4,150 $ 9,269 $ 18,776 $ 2,181,371 $ 2,200,147 $ — Commercial, industrial and other 792 213 136 1,141 311,921 313,062 — Leases 145 25 159 329 63,009 63,338 — Real estate - residential mortgage 2,168 1,263 6,906 10,337 373,486 383,823 — Real estate - construction — — — — 152,978 152,978 — Home equity and consumer 650 146 2,568 3,364 337,592 340,956 42 $ 9,112 $ 5,797 $ 19,038 $ 33,947 $ 3,420,357 $ 3,454,304 $ 42 December 31, 2015 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
Impaired Loans with and without Specific Allowances	Impaired loans as of June 30, 2016 and December 31, 2015 are as follows: Contractual Recorded Unpaid Interest Average Investment in Principal Specific Income Investment in June 30, 2016 Impaired Loans Balance Allowance Recognized Impaired Loans (in thousands) Loans without specific allowance: Commercial, secured by real estate $ 12,615 $ 13,090 $ — $ 116 $ 13,015 Commercial, industrial and other 95 95 — 2 96 Leases — — — — — Real estate - residential mortgage 3,129 3,146 — 8 2,084 Real estate - construction — — — — — Home equity and consumer 537 537 — — 545 Loans with specific allowance: Commercial, secured by real estate 7,630 8,143 493 145 6,924 Commercial, industrial and other 916 916 43 20 938 Leases — — — — 3 Real estate - residential mortgage 934 1,008 31 15 938 Real estate - construction — — — — — Home equity and consumer 1,247 1,406 103 30 1,201 Total: Commercial, secured by real estate $ 20,245 $ 21,233 $ 493 $ 261 $ 19,939 Commercial, industrial and other 1,011 1,011 43 22 1,034 Leases — — — — 3 Real estate - residential mortgage 4,063 4,154 31 23 3,022 Real estate - construction — — — — — Home equity and consumer 1,784 1,943 103 30 1,746 $ 27,103 $ 28,341 $ 670 $ 336 $ 25,744 Contractual Recorded Unpaid Interest Average Investment in Principal Specific Income Investment in December 31, 2015 Impaired Loans Balance Allowance Recognized Impaired Loans (in thousands) Loans without specific 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 specific 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
Company's Commercial Loan Portfolio	The following table shows the Company’s commercial loan portfolio as of June 30, 2016 and December 31, 2015, by the risk ratings discussed above (in thousands): Commercial, Commercial, Secured by Industrial Real Estate- June 30, 2016 Real Estate and Other Construction Risk Rating 1 $ — $ 4,790 $ — 2 — 12,859 — 3 90,333 39,328 — 4 664,396 120,918 21,003 5 1,299,359 111,842 128,998 5W - Watch 74,293 8,824 271 6 - Other assets especially mentioned 23,139 4,918 1,472 7 - Substandard 48,627 9,583 1,234 8 - Doubtful — — — 9 - Loss — — — Total $ 2,200,147 $ 313,062 $ 152,978 Commercial, Commercial, Secured by Industrial Real Estate- December 31, 2015 Real Estate and Other Construction Risk Rating 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
Allowance for Loan and Lease Losses by Portfolio Segment	The following table details activity in the allowance for loan and lease losses by portfolio segment for the three and six months ended June 30, 2016 and 2015: Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Three Months Ended June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Beginning Balance $ 20,077 $ 2,597 $ 588 $ 2,266 $ 1,504 $ 3,521 $ 30,553 Charge-offs (139 ) (171 ) (205 ) (213 ) — (317 ) (1,045 ) Recoveries 26 34 21 1 — 67 149 Provision 395 (248 ) 220 110 284 249 1,010 Ending Balance $ 20,359 $ 2,212 $ 624 $ 2,164 $ 1,788 $ 3,520 $ 30,667 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Three Months Ended June 30, 2015 Real Estate and Other Leases Mortgage Construction Consumer Unallocated Total (in thousands) Beginning Balance $ 12,560 $ 3,307 $ 1,038 $ 3,298 $ 637 $ 6,924 $ 2,741 $ 30,505 Charge-offs (805 ) (64 ) (102 ) (89 ) — (415 ) — (1,475 ) Recoveries 325 42 — 2 6 29 — 404 Provision 1,839 (417 ) 18 (195 ) 82 (619 ) 32 740 Ending Balance $ 13,919 $ 2,868 $ 954 $ 3,016 $ 725 $ 5,919 $ 2,773 $ 30,174 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Six Months Ended June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Beginning Balance $ 20,223 $ 2,637 $ 460 $ 2,588 $ 1,591 $ 3,375 $ 30,874 Charge-offs (274 ) (796 ) (275 ) (306 ) — (937 ) (2,588 ) Recoveries 81 76 22 4 — 113 296 Provision 329 295 417 (122 ) 197 969 2,085 Ending Balance $ 20,359 $ 2,212 $ 624 $ 2,164 $ 1,788 $ 3,520 $ 30,667 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and Six Months Ended June 30, 2015 Real Estate and Other Leases Mortgage Construction Consumer Unallocated Total (in thousands) Beginning Balance $ 13,577 $ 3,196 $ 582 $ 4,020 $ 553 $ 6,333 $ 2,423 $ 30,684 Charge-offs (1,351 ) (74 ) (529 ) (106 ) (20 ) (676 ) — (2,756 ) Recoveries 364 84 20 3 106 59 — 636 Provision 1,329 (338 ) 881 (901 ) 86 203 350 1,610 Ending Balance $ 13,919 $ 2,868 $ 954 $ 3,016 $ 725 $ 5,919 $ 2,773 $ 30,174
Loans Receivable Summarized by Portfolio Segment and Impairment Method	Loans receivable summarized by portfolio segment and impairment method are as follows: Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Ending Balance: Individually evaluated for impairment $ 20,245 $ 1,011 $ — $ 4,063 $ — $ 1,784 $ 27,103 Ending Balance: Collectively evaluated for impairment 2,179,493 311,720 63,338 379,760 152,978 339,153 $ 3,426,442 Ending Balance: Loans acquired with deteriorated credit quality 409 331 — — — 19 $ 759 Ending Balance (1) $ 2,200,147 $ 313,062 $ 63,338 $ 383,823 $ 152,978 $ 340,956 $ 3,454,304 (1) Excludes deferred fees Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and December 31, 2015 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) 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
Allowance for Loan Losses Summarized by Portfolio Segment and Impairment Classification	The allowance for loan and lease losses is summarized by portfolio segment and impairment classification as follows: Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and June 30, 2016 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) Ending Balance: Individually evaluated for impairment $ 493 $ 43 $ — $ 31 $ — $ 103 $ 670 Ending Balance: Collectively evaluated for impairment 19,866 2,169 624 2,133 1,788 3,417 $ 29,997 Ending Balance $ 20,359 $ 2,212 $ 624 $ 2,164 $ 1,788 $ 3,520 $ 30,667 Commercial, Commercial, Real Estate- Home Secured by Industrial Residential Real Estate- Equity and December 31, 2015 Real Estate and Other Leases Mortgage Construction Consumer Total (in thousands) 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
Summary of Restructured Loans	The following table summarizes loans that have been restructured during the three and six months ended June 30, 2016 and 2015: For the Three Months Ended For the Three Months Ended June 30, 2016 June 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment (dollars in thousands) Troubled Debt Restructurings Commercial, secured by real estate — $ — $ — 2 $ 1,458 $ 1,458 Commercial, industrial and other — — — 2 784 784 — $ — $ — 4 $ 2,242 $ 2,242 For the Six Months Ended For the Six Months Ended June 30, 2016 June 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment (dollars in thousands) Troubled Debt Restructurings Commercial, secured by real estate — $ — $ — 2 $ 1,458 $ 1,458 Commercial, industrial and other — — — 3 1,933 1,933 Leases — — — 1 14 14 Real estate - construction — — — 1 396 396 Home equity and consumer 3 285 285 1 9 9 3 $ 285 $ 285 8 $ 3,810 $ 3,810
Summary of Restructured Loans within Previous Twelve Months that have Subsequently Defaulted	The following table summarizes as of June 30, 2016 and 2015, loans that were restructured within the previous twelve months that have subsequently defaulted: June 30, 2016 June 30, 2015 Number of Recorded Number of Recorded Contracts Investment Contracts Investment (dollars in thousands) Defaulted Troubled Debt Restructurings Real estate - residential mortgage — $ — 1 $ 483 Home equity and consumer 1 162 — — 1 $ 162 1 $ 483

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2016
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): June 30, 2016 Notional Amount Average Weighted Average Weighted Average Fair Value Customer interest rate swaps $ 82,229 11.8 4.13 % 1 Mo Libor + 2.01 $ 6,078 3rd Party interest rate swaps (82,229 ) 11.8 4.13 % 1 Mo Libor + 2.01 (6,078 ) Interest rate swap (cash flow hedge) 30,000 5 1.10 % 3 Mo. Libor (193 ) December 31, 2015 Notional Amount Average Weighted Average Weighted Average Fair Value Customer interest rate swaps $ 35,664 14.6 4.54 % 1 Mo Libor + 2.00 $ 1,518 3rd party interest rate swaps (35,664 ) 14.6 4.54 % 1 Mo Libor + 2.00 (1,518 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Estimated Future Amortization Expense	The estimated future amortization expense for the remainder of 2016 and for each of the succeeding five years ended December 31 is as follows (dollars in thousands): For the Year Ended Pascack Somerset 2016 $ 138 $ 173 2017 248 316 2018 220 267 2019 193 218 2020 165 168 2021 138 119

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Company's Restricted Stock	Information regarding the Company’s restricted stock and changes during the six months ended June 30, 2016 is as follows: Number of Weighted Outstanding, January 1, 2016 73,500 $ 9.33 Granted 23,952 10.02 Vested (54,360 ) 9.33 Forfeited (168 ) 9.12 Outstanding, June 30, 2016 42,924 $ 9.72 Information regarding the Company’s RSUs and changes during the six months ended June 30, 2016 is as follows: Number of Weighted Outstanding, January 1, 2016 200,910 $ 10.87 Granted 150,226 10.06 Vested (66,749 ) 10.28 Forfeited (6,157 ) 10.65 Outstanding, June 30, 2016 278,230 $ 10.58
Option Activity under the Company's Stock Option Plans	There were no grants of stock options in the first six months of 2016 or 2015. Option activity under the Company’s stock option plans is as follows: Number of Weighted Weighted Aggregate Outstanding, January 1, 2016 175,892 $ 8.38 $ 602,236 Granted — — Exercised — — Forfeited — — Expired — — Outstanding, June 30, 2016 175,892 $ 8.38 4.53 $ 530,121 Options exercisable at June 30, 2016 165,274 $ 8.30 4.38 $ 509,241

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Components of Other Comprehensive Income (Loss)	The components of other comprehensive income (loss) are as follows: June 30, 2016 June 30, 2015 Before Tax Benefit Net of Before Tax Benefit Net of (in thousands) (in thousands) For the quarter ended: Net unrealized gains (losses) on available for sale securities Net unrealized holding gains (losses) arising during period $ 2,684 ($ 987 ) $ 1,697 ($ 3,466 ) $ 1,289 ($ 2,177 ) Reclassification adjustment for net gains arising during the period — — — (26 ) 9 (17 ) Net unrealized gains (losses) $ 2,684 ($ 987 ) $ 1,697 ($ 3,492 ) $ 1,298 ($ 2,194 ) Unrealized loss on derivatives (193 ) 67 (126 ) — — — Change in minimum pension liability 8 (2 ) 6 8 (3 ) 5 Other comprehensive income (loss), net $ 2,499 ($ 922 ) $ 1,577 ($ 3,484 ) $ 1,295 ($ 2,189 ) Before Tax Benefit Net of Before Tax Benefit Net of (in thousands) (in thousands) For the six months ended: Net unrealized gains on available for sale securities Net unrealized holding gains arising during period $ 9,247 ($ 3,393 ) $ 5,854 $ 759 ($ 261 ) $ 498 Reclassification adjustment for net gains arising during the period (370 ) 137 (233 ) (26 ) 9 (17 ) Net unrealized gains $ 8,877 ($ 3,256 ) $ 5,621 $ 733 ($ 252 ) $ 481 Unrealized loss on derivatives (193 ) 67 (126 ) — — — Change in minimum pension liability 72 (28 ) 44 16 (6 ) 10 Other comprehensive income, net $ 8,756 ($ 3,217 ) $ 5,539 $ 749 ($ 258 ) $ 491
Summary of Changes in Accumulated Other Comprehensive Income by Component, Net of Tax	The following table shows the changes in the balances of each of the components of other comprehensive income for the periods presented (in thousands): Changes in Accumulated Other Comprehensive Income by component, net of tax For the three months ended June 30, 2016 For the three months ended June 30, 2015 Unrealized Available-for-Sale Unrealized Pension Items Total Unrealized Gains Available-for-Sale Pension Items Total Beginning Balance $ 5,078 $ — $ 34 $ 5,112 $ 4,206 ($ 3 ) $ 4,203 (in thousands) Other comprehensive income (loss) before classifications 1,697 (126 ) 6 1,577 (2,177 ) 5 (2,172 ) Amounts reclassified from accumulated other comprehensive income — — — — (17 ) — (17 ) Net current period other comprehensive income (loss) 1,697 (126 ) 6 1,577 (2,194 ) 5 (2,189 ) Ending Balance $ 6,775 ($ 126 ) $ 40 $ 6,689 $ 2,012 $ 2 $ 2,014 For the six months ended June 30, 2016 For the six months ended June 30, 2015 Unrealized Unrealized Pension Items Total Unrealized Pension Items Total Beginning Balance $ 1,154 $ — ($ 4 ) $ 1,150 $ 1,531 ($ 8 ) $ 1,523 Other comprehensive income before classifications 5,854 (126 ) 44 5,772 498 10 508 Amounts reclassified from accumulated other comprehensive income (233 ) — — (233 ) (17 ) — (17 ) Net current period other comprehensive income 5,621 (126 ) 44 5,539 481 10 491 Ending Balance $ 6,775 ($ 126 ) $ 40 $ 6,689 $ 2,012 $ 2 $ 2,014

Estimated Fair Value of Finan30

Estimated Fair Value of Financial Instruments and Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2016
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: Fair Value Quoted Prices in Significant Significant (in thousands) June 30, 2016 Assets: Investment securities, available for sale U.S. treasury and government agencies $ 92,780 $ 6,060 $ 86,720 $ — Mortgage backed securities 308,053 — 308,053 — Obligations of states and political subdivisions 40,607 — 40,607 — Equity securities 18,950 5,038 13,912 — Total securities available for sale 460,390 11,098 449,292 — Derivative Assets 6,078 — 6,078 — Total Assets 466,468 $ 11,098 $ 455,370 $ — Liabilities: Derivative Liabilities $ 6,271 $ — $ 6,271 $ — Total Liabilities $ 6,271 $ — $ 6,271 $ — December 31, 2015 Assets: Investment securities, available for sale U.S. treasury and government agencies $ 97,133 $ 4,888 $ 92,245 $ — Mortgage backed securities 289,572 — 289,572 — Obligations of states and political subdivisions 36,498 — 36,498 — Other debt securities 501 — 501 — Equity securities 18,645 5,052 13,593 — Total securities available for sale 442,349 9,940 432,409 — Derivative Assets 1,518 — 1,518 — Total Assets 443,867 $ 9,940 $ 433,927 $ — Liabilities: Derivative Liabilities $ 1,518 $ — $ 1,518 $ — Total Liabilities $ 1,518 $ — $ 1,518 $ —
Fair Value of Assets Measured on Nonrecurring Basis	The following table sets forth the Company’s 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: Quoted Prices in Significant Significant Total (in thousands) June 30, 2016 Assets: Impaired Loans and Leases $ — $ — $ 27,103 $ 27,103 Loans held for sale — 6,463 — 6,463 Other real estate owned and other repossessed assets — — 1,594 1,594 December 31, 2015 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
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 June 30, 2016 and December 31, 2015: Carrying Fair Quoted Prices in Significant Significant (in thousands) June 30, 2016 Financial Instruments - Assets: Investment securities held to maturity $ 126,221 $ 129,447 $ — $ 109,946 $ 19,501 Federal Home Loan Bank and other membership bank stocks 15,797 15,797 — 15,797 — Loans and leases, net 3,420,715 3,439,536 — — 3,439,536 Financial Instruments - Liabilities: Certificates of deposit 477,336 478,596 — 478,596 — Other borrowings 294,771 300,956 — 300,956 — Subordinated debentures 31,238 21,242 — — 21,242 December 31, 2015 Financial Instruments - Assets: Investment securities held to maturity $ 116,740 $ 117,594 $ — $ 110,293 $ 7,301 Federal Home Loan Bank and other membership bank stocks 14,087 14,087 — 14,087 — Loans and leases, net 2,934,326 2,930,188 — — 2,930,188 Financial Instruments - 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

Statement of Cash Flow Inform31

Statement of Cash Flow Information, Supplemental Information (Tables)	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Schedule of Noncash Investing and Financing Activities	For the six months ended June 30, 2016 2015 (in thousands) Supplemental schedule of noncash investing and financing activities: Cash paid during the period for income taxes $ 10,682 $ 7,645 Cash paid during the period for interest 7,501 5,016 Transfer of loans and leases into other repossessed assets and other real estate owned 1,280 760 Acquisition of Pascack: Non-cash assets acquired: Federal Home Loan Bank stock 2,962 — Investment securities held for maturity 3,925 — Loans, including loans held for sale 319,575 — Goodwill and other intangible assets, net 16,825 — Other assets 21,110 — Total non-cash assets acquired 364,397 — Liabilities assumed: Deposits (304,466 ) — Other borrowings (57,308 ) — Other liabilities (6,344 ) — Total liabilities assumed (368,118 ) — Common stock issued and fair value of stock options converted to Lakeland Bancorp stock options 37,221 —

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail)	Jul. 01, 2016USD ($)Branch$ / sharesshares	Jan. 07, 2016USD ($)Branch$ / sharesshares	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Business Acquisition, Contingent Consideration [Line Items]
Goodwill			$ 125,285,000	$ 125,285,000	$ 109,974,000
Core deposit intangible			1,500,000	$ 1,500,000
Decrease in goodwill			(158,000)
Estimated useful life of core deposit intangible				10 years
Merger and acquisition integration-related expenses			685,000	$ 2,406,000
Harmony Bank [Member]
Business Acquisition, Contingent Consideration [Line Items]
Date of Agreement				Jul. 1, 2016
Harmony Bank [Member] | Subsequent Event [Member]
Business Acquisition, Contingent Consideration [Line Items]
Shares to receive by the acquiree at the time of merger | shares	1.25
Consideration paid through common stock | shares	3,201,109
Total assets	$ 314,000,000
Total loans	261,000,000
Total deposits	277,000,000
Total stockholders' equity/capital	$ 24,000,000
Consideration price per share | $ / shares	$ 14.31
Average strike price | $ / shares	$ 9.07
Cash paid in connection with cancellation of the old stock options	$ 869,000
Closing stock price per share | $ / shares	$ 11.45
Harmony Bank [Member] | Subsequent Event [Member] | New Jersey [Member]
Business Acquisition, Contingent Consideration [Line Items]
Number of bank branches operated | Branch	3
Pascack Bancorp, Inc. [Member]
Business Acquisition, Contingent Consideration [Line Items]
Shares to receive by the acquiree at the time of merger | shares		0.9576
Consideration paid through common stock | shares		3,314,284
Date of Agreement				Jan. 7, 2016
Total assets		$ 405,339,000
Total loans		320,900,000
Total deposits		304,466,000
Total stockholders' equity/capital		$ 26,900,000
Consideration price per share | $ / shares		$ 11.35
Average strike price | $ / shares		$ 7.37
Cash paid in connection with cancellation of the old stock options		$ 122,000
Percentage of aggregate merger consideration in shares		90.00%
Percentage of aggregate merger consideration in cash		10.00%
Cash paid for acquisition		$ 4,400,000
Goodwill		15,311,000	15,300,000	$ 15,300,000
Core deposit intangible		$ 1,500,000	$ 1,500,000	1,500,000
Allowance for loan and lease losses				$ 0
Pascack Bancorp, Inc. [Member] | New Jersey [Member]
Business Acquisition, Contingent Consideration [Line Items]
Number of bank branches operated | Branch		8

Acquisitions - Summary of Estim

Acquisitions - Summary of Estimated Fair Value of Acquired Assets and Liabilities Assumed at Date of Acquisition, Net of Cash Consideration Paid (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Jan. 07, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 125,285		$ 109,974
Pascack Bancorp, Inc. [Member]
Business Acquisition [Line Items]
Cash and cash equivalents		$ 40,942
Securities held to maturity		3,925
Federal Home Loan Bank stock		2,962
Loans and leases		319,575
Premises and equipment		14,438
Goodwill	$ 15,300	15,311
Identifiable intangible assets		1,514
Accrued interest receivable and other assets		6,672
Total assets acquired		405,339
Deposits		(304,466)
Other borrowings		(57,308)
Other liabilities		(6,344)
Total liabilities assumed		(368,118)
Net assets acquired		$ 37,221

Acquisitions - Summary of Loans

Acquisitions - Summary of Loans Acquired (Detail) - Pascack Bancorp, Inc. [Member] $ in Thousands	Jun. 30, 2016USD ($)
Business Acquisition [Line Items]
Contractually required principal and interest at acquisition	$ 447,333
Contractual cash flows not expected to be collected (non-accretable difference)	4,030
Expected cash flows at acquisition	443,303
Interest component of expected cash flows (accretable difference)	123,728
Fair value of acquired loans	319,575
Acquired Credit Impaired Loans [Member]
Business Acquisition [Line Items]
Contractually required principal and interest at acquisition	4,932
Contractual cash flows not expected to be collected (non-accretable difference)	4,030
Expected cash flows at acquisition	902
Interest component of expected cash flows (accretable difference)	85
Fair value of acquired loans	817
Acquired Non-Credit Impaired Loans [Member]
Business Acquisition [Line Items]
Contractually required principal and interest at acquisition	442,401
Expected cash flows at acquisition	442,401
Interest component of expected cash flows (accretable difference)	123,643
Fair value of acquired loans	$ 318,758

Acquisitions - Summary of Pro F

Acquisitions - Summary of Pro Forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Business Combinations [Abstract]
Net interest income	$ 69,209	$ 64,518
Provision for loan losses	2,085	1,610
Noninterest income	9,756	9,887
Noninterest expense	46,978	46,506
Net income	$ 19,855	$ 17,528
Earnings per share:
Fully diluted	$ 0.48	$ 0.42

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income available to common shareholders, Income	$ 10,130	$ 7,862	$ 18,238	$ 16,192
Less: earnings allocated to participating securities, Income	106	68	162	120
Net income allocated to common shareholders	$ 10,024	$ 7,794	$ 18,076	$ 16,072
Weighted average number of common shares outstanding - basic	41,238	37,854	41,084	37,827
Share-based plans	168	134	161	134
Weighted average number of common shares outstanding - diluted	41,406	37,988	41,245	37,961
Basic earnings per share	$ 0.24	$ 0.21	$ 0.44	$ 0.42
Diluted earnings per share	$ 0.24	$ 0.21	$ 0.44	$ 0.42

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - Common Stock [Member] - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options to purchase	0	83,437	0	83,437
Weighted average price per share		$ 12.29		$ 12.29

Investment Securities - Reconci

Investment Securities - Reconciliation of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	$ 449,735	$ 440,571
Gross Unrealized Gains	11,037	5,213
Gross Unrealized Losses	(382)	(3,435)
Total securities, Available for Sale, Fair Value	460,390	442,349
US Treasury and Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	90,746	97,617
Gross Unrealized Gains	2,034	190
Gross Unrealized Losses		(674)
Total securities, Available for Sale, Fair Value	92,780	97,133
Mortgage-Backed Securities, Residential [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	292,829	280,018
Gross Unrealized Gains	4,835	1,717
Gross Unrealized Losses	(119)	(2,283)
Total securities, Available for Sale, Fair Value	297,545	279,452
Mortgage-Backed Securities, Multifamily [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	10,220	10,249
Gross Unrealized Gains	288
Gross Unrealized Losses		(129)
Total securities, Available for Sale, Fair Value	10,508	10,120
Obligations of States and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	39,225	35,639
Gross Unrealized Gains	1,390	910
Gross Unrealized Losses	(8)	(51)
Total securities, Available for Sale, Fair Value	40,607	36,498
Other Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost		498
Gross Unrealized Gains		3
Total securities, Available for Sale, Fair Value		501
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities, Available for Sale, Amortized Cost	16,715	16,550
Gross Unrealized Gains	2,490	2,393
Gross Unrealized Losses	(255)	(298)
Total securities, Available for Sale, Fair Value	$ 18,950	$ 18,645

Investment Securities - Recon39

Investment Securities - Reconciliation of Held-to-Maturity Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 126,221	$ 116,740
Gross Unrealized Gains	3,321	1,590
Gross Unrealized Losses	(95)	(736)
Fair Value	129,447	117,594
U.S. Government Agencies Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	26,589	30,477
Gross Unrealized Gains	974	289
Gross Unrealized Losses		(94)
Fair Value	27,563	30,672
Mortgage-Backed Securities, Residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	37,972	36,466
Gross Unrealized Gains	882	411
Gross Unrealized Losses	(33)	(426)
Fair Value	38,821	36,451
Mortgage-Backed Securities, Multifamily [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,110	2,159
Gross Unrealized Gains	23
Gross Unrealized Losses		(60)
Fair Value	2,133	2,099
Obligations of States and Political Subdivisions [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	57,534	45,617
Gross Unrealized Gains	1,370	809
Gross Unrealized Losses	(62)	(156)
Fair Value	58,842	46,270
Other Debt Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,016	2,021
Gross Unrealized Gains	72	81
Fair Value	$ 2,088	$ 2,102

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	Jun. 30, 2016	Dec. 31, 2015
Available for Sale, Amortized Cost
Due in one year or less	$ 2,389
Due after one year through five years	73,837
Due after five years through ten years	48,059
Due after ten years	5,686
Total	129,971
Total securities, Available for Sale, Amortized Cost	449,735	$ 440,571
Available for Sale, Fair Value
Due in one year or less	2,405
Due after one year through five years	75,555
Due after five years through ten years	49,516
Due after ten years	5,911
Total	133,387
Total securities, Available for Sale, Fair Value	460,390	442,349
Held to Maturity, Amortized Cost
Due in one year or less	20,956
Due after one year through five years	23,854
Due after five years through ten years	34,112
Due after ten years	7,217
Total	86,139
Amortized Cost	126,221	116,740
Held to Maturity, Fair Value
Due in one year or less	20,924
Due after one year through five years	24,629
Due after five years through ten years	35,442
Due after ten years	7,498
Total	88,493
Total securities, Held to Maturity, Fair Value	129,447	117,594
Mortgage Backed Securities [Member]
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost	303,049
Available for Sale, Fair Value
Available for Sale, Fair Value	308,053
Held to Maturity, Amortized Cost
Held to Maturity, Amortized Cost	40,082
Held to Maturity, Fair Value
Held to Maturity, Fair Value	40,954
Equity Securities [Member]
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost	16,715
Total securities, Available for Sale, Amortized Cost	16,715	16,550
Available for Sale, Fair Value
Available for Sale, Fair Value	18,950
Total securities, Available for Sale, Fair Value	$ 18,950	$ 18,645

Investment Securities - Sales o

Investment Securities - Sales of Securities and Gross Gains on Sales of Securities (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Sale proceeds	$ 11,472,000	$ 15,654,000	$ 11,472,000
Gross gains	28,000	370,000	28,000
Gross losses	$ (11,000)	$ 0	$ (11,000)

Investment Securities - Additio

Investment Securities - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Other-than-temporary impairments	$ 11,000	$ 0	$ 11,000
Securities, carrying value		357,000,000		$ 347,700,000
Purchase price of equities		2,700,000
Market value of equities		5,000,000
Investment in community development loans		$ 2,900,000
Redemption of funds		60 days
Investment in government guaranteed loans, mortgage-backed securities, small business loans		$ 11,000,000
Amortized cost of securities		11,000,000
Fair value of securities		11,000,000
Unfunded commitments		$ 0

Investment Securities - Recon43

Investment Securities - Reconciliation of Available-for-Sale and Held-to-Maturity Securities in Continuous Unrealized Loss Position (Detail) $ in Thousands	Jun. 30, 2016USD ($)Security	Dec. 31, 2015USD ($)Security
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	$ 6,211	$ 196,359
Available for Sale, Less than 12 months, Unrealized Losses	72	1,874
Available for Sale, 12 months or longer, Fair value	21,501	56,204
Available for Sale, 12 months or longer, Unrealized Losses	$ 310	$ 1,561
Available for Sale, Number of securities | Security	17	78
Available for Sale, Total, Fair value	$ 27,712	$ 252,563
Available for Sale, Total, Unrealized Losses	382	3,435
Held to Maturity, Less than 12 months, Fair Value	17,495	46,370
Held to Maturity, Less than 12 months, Unrealized Losses	71	523
Held to Maturity, 12 months or longer, Fair Value	1,873	9,606
Held to Maturity, 12 months or longer, Unrealized Losses	$ 24	$ 213
Held to Maturity, Number of Securities | Security	16	31
Held to Maturity, Total, Fair Value	$ 19,368	$ 55,976
Held to Maturity, Total, Unrealized Losses	95	736
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, Number of Securities | Security		3
Held to Maturity, Total, Fair Value		$ 15,683
Held to Maturity, Total, Unrealized Losses		94
Mortgage-Backed Securities, Residential [Member]
Investment [Line Items]
Held to Maturity, Less than 12 months, Fair Value	2,291	20,283
Held to Maturity, Less than 12 months, Unrealized Losses	10	262
Held to Maturity, 12 months or longer, Fair Value	1,121	6,687
Held to Maturity, 12 months or longer, Unrealized Losses	$ 23	$ 164
Held to Maturity, Number of Securities | Security	3	11
Held to Maturity, Total, Fair Value	$ 3,412	$ 26,970
Held to Maturity, Total, Unrealized Losses	33	426
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
Held to Maturity, 12 months or longer, Unrealized Losses		$ 42
Held to Maturity, Number of Securities | Security		2
Held to Maturity, Total, Fair Value		$ 2,099
Held to Maturity, Total, Unrealized Losses		60
Obligations of States and Political Subdivisions [Member]
Investment [Line Items]
Held to Maturity, Less than 12 months, Fair Value	15,204	9,181
Held to Maturity, Less than 12 months, Unrealized Losses	61	149
Held to Maturity, 12 months or longer, Fair Value	752	2,043
Held to Maturity, 12 months or longer, Unrealized Losses	$ 1	$ 7
Held to Maturity, Number of Securities | Security	13	15
Held to Maturity, Total, Fair Value	$ 15,956	$ 11,224
Held to Maturity, Total, Unrealized Losses	62	156
US Treasury and Government Agencies [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value		80,192
Available for Sale, Less than 12 months, Unrealized Losses		$ 674
Available for Sale, Number of securities | Security		16
Available for Sale, Total, Fair value		$ 80,192
Available for Sale, Total, Unrealized Losses		674
Mortgage-Backed Securities, Residential [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	5,089	103,749
Available for Sale, Less than 12 months, Unrealized Losses	22	1,043
Available for Sale, 12 months or longer, Fair value	16,727	50,095
Available for Sale, 12 months or longer, Unrealized Losses	$ 97	$ 1,240
Available for Sale, Number of securities | Security	14	50
Available for Sale, Total, Fair value	$ 21,816	$ 153,844
Available for Sale, Total, Unrealized Losses	119	2,283
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	888	2,051
Available for Sale, Less than 12 months, Unrealized Losses	$ 8	4
Available for Sale, 12 months or longer, Fair value		1,466
Available for Sale, 12 months or longer, Unrealized Losses		$ 47
Available for Sale, Number of securities | Security	1	7
Available for Sale, Total, Fair value	$ 888	$ 3,517
Available for Sale, Total, Unrealized Losses	8	51
Equity Securities [Member]
Investment [Line Items]
Available for Sale, Less than 12 months, Fair value	234	247
Available for Sale, Less than 12 months, Unrealized Losses	42	24
Available for Sale, 12 months or longer, Fair value	4,774	4,643
Available for Sale, 12 months or longer, Unrealized Losses	$ 213	$ 274
Available for Sale, Number of securities | Security	2	3
Available for Sale, Total, Fair value	$ 5,008	$ 4,890
Available for Sale, Total, Unrealized Losses	$ 255	$ 298

Loans, Leases and Other Real 44

Loans, Leases and Other Real Estate - Composition of Company`s Loan and Lease Portfolio (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 3,454,304	$ 2,967,946
Less: deferred fees	(2,922)	(2,746)
Loans, net of deferred fees	3,451,382	2,965,200
Commercial, Secured by Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,200,147	1,761,589
Commercial, Industrial and Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	313,062	307,044
Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	63,338	56,660
Real Estate-Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	383,823	389,692
Real Estate-Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	152,978	118,070
Home Equity and Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 340,956	$ 334,891

Loans, Leases and Other Real 45

Loans, Leases and Other Real Estate - Additional Information (Detail) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged for actual and potential borrowings at the Federal Home Loan Bank of New York	$ 807,000,000		$ 738,700,000
Interest income on credit impaired loans acquired	31,000
Troubled debt restructurings included in non accrual loans	2,400,000		2,500,000
Interest income on credit impaired loans acquired	336,000		770,000
Unfunded lending reserve	2,500,000		2,000,000
Other real estate owned	1,600,000		934,000
Other repossessed assets owned	0		49,000
Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income on credit impaired loans acquired	336,000	$ 394,000
Interest accrued on impaired loans	828,000	$ 794,000
Pascack Bancorp, Inc. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Debt Securities Acquired with Deteriorated Credit Quality	800,000
Residential Property [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other real estate owned	$ 1,000,000		805,000
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
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	512,000		705,000
Interest income on credit impaired loans acquired	30,000		59,000
Residential Mortgages And Consumer Home Equity Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans that were in process of foreclosure	$ 7,000,000		$ 7,900,000

Loans, Leases and Other Real 46

Loans, Leases and Other Real Estate - Company's Non-Performing Assets and its Accruing Troubled Debt Restructurings, Excluding PCI Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	$ 24,944	$ 22,696
Other real estate and other repossessed assets	1,594	983
TOTAL NON-PERFORMING ASSETS	26,538	23,679
Troubled debt restructurings, still accruing	9,509	10,108
Commercial, Secured by Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	12,554	10,446
Commercial, Industrial and Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	41	103
Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	159	316
Real Estate-Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	8,865	8,664
Home Equity and Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans and leases	$ 3,325	$ 3,167

Loans, Leases and Other Real 47

Loans, Leases and Other Real Estate - Age Analysis of Past Due Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 33,947	$ 24,796
Current	3,420,357	2,943,150
Total Loans and Leases	3,454,304	2,967,946
Recorded Investment Greater than 89 Days and Still Accruing	42	331
Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	18,776	10,011
Current	2,181,371	1,751,578
Total Loans and Leases	2,200,147	1,761,589
Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,141	308
Current	311,921	306,736
Total Loans and Leases	313,062	307,044
Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	329	404
Current	63,009	56,256
Total Loans and Leases	63,338	56,660
Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,337	9,558
Current	373,486	380,134
Total Loans and Leases	383,823	389,692
Real Estate-Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	152,978	118,070
Total Loans and Leases	152,978	118,070
Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,364	4,515
Current	337,592	330,376
Total Loans and Leases	340,956	334,891
Recorded Investment Greater than 89 Days and Still Accruing	42	331
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,112	3,969
30-59 Days Past Due [Member] | Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,357	1,465
30-59 Days Past Due [Member] | Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	792	205
30-59 Days Past Due [Member] | Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	145	62
30-59 Days Past Due [Member] | Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,168	1,361
30-59 Days Past Due [Member] | Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	650	876
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,797	1,585
60-89 Days Past Due [Member] | Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,150	693
60-89 Days Past Due [Member] | Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	213
60-89 Days Past Due [Member] | Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	25	26
60-89 Days Past Due [Member] | Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,263	725
60-89 Days Past Due [Member] | Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	146	141
Greater Than 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19,038	19,242
Greater Than 89 Days Past Due [Member] | Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,269	7,853
Greater Than 89 Days Past Due [Member] | Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	136	103
Greater Than 89 Days Past Due [Member] | Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	159	316
Greater Than 89 Days Past Due [Member] | Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,906	7,472
Greater Than 89 Days Past Due [Member] | Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,568	$ 3,498

Loans, Leases and Other Real 48

Loans, Leases and Other Real Estate - Impaired Loans with and without Specific Allowances (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	$ 27,103	$ 26,006
Contractual Unpaid Principal Balance	28,341	27,621
Specific Allowance	670	843
Interest Income Recognized	336	770
Average Investment in Impaired Loans	25,744	25,749
Commercial, Secured by Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	20,245	19,786
Contractual Unpaid Principal Balance	21,233	20,630
Specific Allowance	493	598
Interest Income Recognized	261	615
Average Investment in Impaired Loans	19,939	19,177
Commercial, Secured by Real Estate [Member] | Loans with Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	7,630	5,721
Contractual Unpaid Principal Balance	8,143	5,918
Specific Allowance	493	598
Interest Income Recognized	145	271
Average Investment in Impaired Loans	6,924	6,249
Commercial, Secured by Real Estate [Member] | Loans without Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	12,615	14,065
Contractual Unpaid Principal Balance	13,090	14,712
Interest Income Recognized	116	344
Average Investment in Impaired Loans	13,015	12,928
Commercial, Industrial and Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	1,011	1,232
Contractual Unpaid Principal Balance	1,011	1,910
Specific Allowance	43	77
Interest Income Recognized	22	46
Average Investment in Impaired Loans	1,034	1,466
Commercial, Industrial and Other [Member] | Loans with Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	916	1,023
Contractual Unpaid Principal Balance	916	1,023
Specific Allowance	43	77
Interest Income Recognized	20	32
Average Investment in Impaired Loans	938	717
Commercial, Industrial and Other [Member] | Loans without Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	95	209
Contractual Unpaid Principal Balance	95	887
Interest Income Recognized	2	14
Average Investment in Impaired Loans	96	749
Leases [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans		6
Contractual Unpaid Principal Balance		6
Specific Allowance		1
Average Investment in Impaired Loans	3
Leases [Member] | Loans with Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans		6
Contractual Unpaid Principal Balance		6
Specific Allowance		1
Average Investment in Impaired Loans	3
Real Estate-Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	4,063	3,027
Contractual Unpaid Principal Balance	4,154	3,107
Specific Allowance	31	73
Interest Income Recognized	23	37
Average Investment in Impaired Loans	3,022	2,936
Real Estate-Residential Mortgage [Member] | Loans with Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	934	832
Contractual Unpaid Principal Balance	1,008	865
Specific Allowance	31	73
Interest Income Recognized	15	37
Average Investment in Impaired Loans	938	840
Real Estate-Residential Mortgage [Member] | Loans without Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	3,129	2,195
Contractual Unpaid Principal Balance	3,146	2,242
Interest Income Recognized	8
Average Investment in Impaired Loans	2,084	2,096
Real Estate-Construction [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans		380
Contractual Unpaid Principal Balance		380
Specific Allowance		21
Interest Income Recognized		13
Average Investment in Impaired Loans		402
Real Estate-Construction [Member] | Loans with Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans		380
Contractual Unpaid Principal Balance		380
Specific Allowance		21
Interest Income Recognized		13
Average Investment in Impaired Loans		308
Real Estate-Construction [Member] | Loans without Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Average Investment in Impaired Loans		94
Home Equity and Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	1,784	1,575
Contractual Unpaid Principal Balance	1,943	1,588
Specific Allowance	103	73
Interest Income Recognized	30	59
Average Investment in Impaired Loans	1,746	1,768
Home Equity and Consumer [Member] | Loans with Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	1,247	1,001
Contractual Unpaid Principal Balance	1,406	1,013
Specific Allowance	103	73
Interest Income Recognized	30	54
Average Investment in Impaired Loans	1,201	1,006
Home Equity and Consumer [Member] | Loans without Specific Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment in Impaired Loans	537	574
Contractual Unpaid Principal Balance	537	575
Interest Income Recognized		5
Average Investment in Impaired Loans	$ 545	$ 762

Loans, Leases and Other Real 49

Loans, Leases and Other Real Estate - Company's Commercial Loan Portfolio (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	$ 2,200,147	$ 1,761,589
Commercial, Secured by Real Estate [Member] | Pass 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	90,333	65,199
Commercial, Secured by Real Estate [Member] | Pass 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	664,396	526,909
Commercial, Secured by Real Estate [Member] | Pass 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	1,299,359	1,044,888
Commercial, Secured by Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	74,293	43,342
Commercial, Secured by Real Estate [Member] | Other Assets Especially Mentioned [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	23,139	34,570
Commercial, Secured by Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	48,627	46,681
Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	313,062	307,044
Commercial, Industrial and Other [Member] | Pass 1 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	4,790	3,517
Commercial, Industrial and Other [Member] | Pass 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	12,859	9,662
Commercial, Industrial and Other [Member] | Pass 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	39,328	56,895
Commercial, Industrial and Other [Member] | Pass 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	120,918	111,702
Commercial, Industrial and Other [Member] | Pass 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	111,842	105,301
Commercial, Industrial and Other [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	8,824	4,259
Commercial, Industrial and Other [Member] | Other Assets Especially Mentioned [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	4,918	4,105
Commercial, Industrial and Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	9,583	11,603
Real Estate-Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	152,978	118,070
Real Estate-Construction [Member] | Pass 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	21,003	19,125
Real Estate-Construction [Member] | Pass 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	128,998	94,535
Real Estate-Construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	271	146
Real Estate-Construction [Member] | Other Assets Especially Mentioned [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	1,472	1,851
Real Estate-Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial loan portfolio	$ 1,234	$ 2,413

Loans, Leases and Other Real 50

Loans, Leases and Other Real Estate - Allowance for Loan and Lease Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance	$ 30,553	$ 30,505	$ 30,874	$ 30,684
Charge-offs	(1,045)	(1,475)	(2,588)	(2,756)
Recoveries	149	404	296	636
Provision	1,010	740	2,085	1,610
Ending Balance	30,667	30,174	30,667	30,174
Commercial, Secured by Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance	20,077	12,560	20,223	13,577
Charge-offs	(139)	(805)	(274)	(1,351)
Recoveries	26	325	81	364
Provision	395	1,839	329	1,329
Ending Balance	20,359	13,919	20,359	13,919
Commercial, Industrial and Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance	2,597	3,307	2,637	3,196
Charge-offs	(171)	(64)	(796)	(74)
Recoveries	34	42	76	84
Provision	(248)	(417)	295	(338)
Ending Balance	2,212	2,868	2,212	2,868
Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance	588	1,038	460	582
Charge-offs	(205)	(102)	(275)	(529)
Recoveries	21		22	20
Provision	220	18	417	881
Ending Balance	624	954	624	954
Real Estate-Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance	2,266	3,298	2,588	4,020
Charge-offs	(213)	(89)	(306)	(106)
Recoveries	1	2	4	3
Provision	110	(195)	(122)	(901)
Ending Balance	2,164	3,016	2,164	3,016
Real Estate-Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance	1,504	637	1,591	553
Charge-offs				(20)
Recoveries		6		106
Provision	284	82	197	86
Ending Balance	1,788	725	1,788	725
Home Equity and Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance	3,521	6,924	3,375	6,333
Charge-offs	(317)	(415)	(937)	(676)
Recoveries	67	29	113	59
Provision	249	(619)	969	203
Ending Balance	$ 3,520	5,919	$ 3,520	5,919
Unallocated [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Beginning Balance		2,741		2,423
Provision		32		350
Ending Balance		$ 2,773		$ 2,773

Loans, Leases and Other Real 51

Loans, Leases and Other Real Estate - Loans Receivable Summarized by Portfolio Segment and Impairment Method (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	$ 27,103	$ 26,006
Ending Balance: Collectively evaluated for impairment	3,426,442	2,941,940
Ending Balance	3,454,304	2,967,946
Loans Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Loans acquired with deteriorated credit quality	759
Commercial, Secured by Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	20,245	19,786
Ending Balance: Collectively evaluated for impairment	2,179,493	1,741,803
Ending Balance	2,200,147	1,761,589
Commercial, Secured by Real Estate [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Loans acquired with deteriorated credit quality	409
Commercial, Industrial and Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	1,011	1,232
Ending Balance: Collectively evaluated for impairment	311,720	305,812
Ending Balance	313,062	307,044
Commercial, Industrial and Other [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Loans acquired with deteriorated credit quality	331
Leases [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment		6
Ending Balance: Collectively evaluated for impairment	63,338	56,654
Ending Balance	63,338	56,660
Real Estate-Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	4,063	3,027
Ending Balance: Collectively evaluated for impairment	379,760	386,665
Ending Balance	383,823	389,692
Real Estate-Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment		380
Ending Balance: Collectively evaluated for impairment	152,978	117,690
Ending Balance	152,978	118,070
Home Equity and Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	1,784	1,575
Ending Balance: Collectively evaluated for impairment	339,153	333,316
Ending Balance	340,956	$ 334,891
Home Equity and Consumer [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Loans acquired with deteriorated credit quality	$ 19

Loans, Leases and Other Real 52

Loans, Leases and Other Real Estate - Allowance for Loan Losses Summarized by Portfolio Segment and Impairment Classification (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	$ 670		$ 843
Ending Balance: Collectively evaluated for impairment	29,997		30,031
Ending Balance	30,667	$ 30,553	30,874	$ 30,174	$ 30,505	$ 30,684
Commercial, Secured by Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	493		598
Ending Balance: Collectively evaluated for impairment	19,866		19,625
Ending Balance	20,359	20,077	20,223	13,919	12,560	13,577
Commercial, Industrial and Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	43		77
Ending Balance: Collectively evaluated for impairment	2,169		2,560
Ending Balance	2,212	2,597	2,637	2,868	3,307	3,196
Leases [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment			1
Ending Balance: Collectively evaluated for impairment	624		459
Ending Balance	624	588	460	954	1,038	582
Real Estate-Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	31		73
Ending Balance: Collectively evaluated for impairment	2,133		2,515
Ending Balance	2,164	2,266	2,588	3,016	3,298	4,020
Real Estate-Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment			21
Ending Balance: Collectively evaluated for impairment	1,788		1,570
Ending Balance	1,788	1,504	1,591	725	637	553
Home Equity and Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: Individually evaluated for impairment	103		73
Ending Balance: Collectively evaluated for impairment	3,417		3,302
Ending Balance	$ 3,520	$ 3,521	$ 3,375	$ 5,919	$ 6,924	$ 6,333

Loans, Leases and Other Real 53

Loans, Leases and Other Real Estate - Summary of Restructured Loans (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015USD ($)Contract	Jun. 30, 2016USD ($)Contract	Jun. 30, 2015USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	4	3	8
Pre-Modification Outstanding Recorded Investment	$ 2,242	$ 285	$ 3,810
Post-Modification Outstanding Recorded Investment	$ 2,242	$ 285	$ 3,810
Commercial, Secured by Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	2		2
Pre-Modification Outstanding Recorded Investment	$ 1,458		$ 1,458
Post-Modification Outstanding Recorded Investment	$ 1,458		$ 1,458
Commercial, Industrial and Other [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	2		3
Pre-Modification Outstanding Recorded Investment	$ 784		$ 1,933
Post-Modification Outstanding Recorded Investment	$ 784		$ 1,933
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-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		3	1
Pre-Modification Outstanding Recorded Investment		$ 285	$ 9
Post-Modification Outstanding Recorded Investment		$ 285	$ 9

Loans, Leases and Other Real 54

Loans, Leases and Other Real Estate - Summary of Restructured Loans within Previous Twelve Months that have Subsequently Defaulted (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)Contract	Jun. 30, 2015USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1	1
Recorded Investment | $	$ 162	$ 483
Real Estate-Residential Mortgage [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract		1
Recorded Investment | $		$ 483
Home Equity and Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1
Recorded Investment | $	$ 162

Derivatives - Additional Inform

Derivatives - Additional Information (Detail)	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)Derivative	Jun. 30, 2016USD ($)Derivative	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Derivative	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Derivative [Line Items]
Available for sale securities pledged for collateral	$ 7,200,000	$ 7,200,000		$ 7,200,000		$ 2,500,000
Interest expense		$ 3,935,000	$ 2,639,000	7,656,000	$ 5,113,000
Reclassification Out of Accumulated Other Comprehensive Income [Member]
Derivative [Line Items]
Interest expense				$ 141,000
Cash Flow Hedging [Member] | Interest Rate Swaps [Member]
Derivative [Line Items]
Number of derivatives | Derivative	2	2		2
Notional amount	$ 30,000,000	$ 30,000,000		$ 30,000,000
Average interest rate	1.10%	1.10%		1.10%
Variable rate basis				3 month LIBOR
Amount of ineffective hedges	$ 0

Derivatives - Summary Informati

Derivatives - Summary Information Regarding Derivatives (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Customer Interest Rate Swaps [Member]
Derivative [Line Items]
Derivatives, Asset Notional Amount	$ 82,229,000	$ 35,664,000
Derivatives, Average Maturity (Years)	11 years 9 months 18 days	14 years 7 months 6 days
Derivatives, Weighted Average Fixed Rate	4.13%	4.54%
Derivatives, Weighted Average Variable Rate, description	1 Mo Libor + 2.01	1 Mo Libor + 2.00
Derivatives, Weighted Average Variable Rate	2.01%	2.00%
Derivatives, Fair Value	$ 6,078,000	$ 1,518,000
3rd Party Interest Rate Swaps [Member]
Derivative [Line Items]
Derivatives, Liability Notional Amount	$ (82,229,000)	$ (35,664,000)
Derivatives, Average Maturity (Years)	11 years 9 months 18 days	14 years 7 months 6 days
Derivatives, Weighted Average Fixed Rate	4.13%	4.54%
Derivatives, Weighted Average Variable Rate, description	1 Mo Libor + 2.01	1 Mo Libor + 2.00
Derivatives, Weighted Average Variable Rate	2.01%	2.00%
Derivatives, Fair Value	$ (6,078,000)	$ (1,518,000)
Interest Rate Swap Cash Flow Hedge [Member]
Derivative [Line Items]
Derivatives, Asset Notional Amount	$ 30,000,000
Derivatives, Average Maturity (Years)	5 years
Derivatives, Weighted Average Fixed Rate	1.10%
Derivatives, Weighted Average Variable Rate, description	3 Mo. Libor
Derivatives, Fair Value	$ (193,000)

Goodwill and Intangible Asset57

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jan. 07, 2016	Dec. 31, 2015	Dec. 31, 2013
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 125,285,000		$ 125,285,000			$ 109,974,000
Core deposit intangible	1,500,000		1,500,000
Amortization of core deposit intangible	164,000	$ 107,000	331,000	$ 218,000
Pascack Bancorp, Inc. [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	15,300,000		15,300,000		$ 15,311,000
Core deposit intangible	1,500,000		1,500,000		$ 1,500,000
Amortization of core deposit intangible			138,000
Somerset Hills Acquisition [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill							$ 22,900,000
Core deposit intangible	2,700,000		2,700,000
Amortization of core deposit intangible			193,000
Prior Acquisitions [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 87,100,000		$ 87,100,000

Goodwill and Intangible Asset58

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense (Detail) $ in Thousands	Jun. 30, 2016USD ($)
Pascack Bancorp, Inc. [Member]
Finite-Lived Intangible Assets [Line Items]
2,016	$ 138
2,017	248
2,018	220
2,019	193
2,020	165
2,021	138
Somerset Hills Acquisition [Member]
Finite-Lived Intangible Assets [Line Items]
2,016	173
2,017	316
2,018	267
2,019	218
2,020	168
2,021	$ 119

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)
Debt Instrument [Line Items]
Federal funds purchased	$ 99.6
Securities sold under agreements to repurchase	24
Securities sold under agreement to repurchase maturities due	50
Securities Sold under Agreements to Repurchase [Member]
Debt Instrument [Line Items]
Pledged securities	$ 102.5
Minimum [Member]
Debt Instrument [Line Items]
Borrowings maturity period	1 year
Maximum [Member]
Debt Instrument [Line Items]
Borrowings maturity period	7 years

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,107,000	$ 912,000
Stock options granted	0
Aggregate intrinsic value of stock options exercised		63,000
Cash receipts due to exercise of stock options		$ 113,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 240,000
Unrecognized compensation expense, period of recognition	7 months 2 days
Granted, Number of shares	23,952
Granted, Weighted Average Price	$ 10.02
Restricted Stock [Member] | 2009 Equity Compensation Program [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of shares	23,952
Granted, Weighted Average Price	$ 10.02
Share-based compensation expense	$ 240,000
Vesting period	1 year
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 32,000
Unrecognized compensation expense, period of recognition	11 months 1 day
Stock options granted	0	0
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,700,000
Unrecognized compensation expense, period of recognition	1 year 4 months 10 days
Granted, Number of shares	150,226
Granted, Weighted Average Price	$ 10.06
RSUs [Member] | 2009 Equity Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of shares	150,226	129,509
Granted, Weighted Average Price	$ 10.06	$ 11.06
Share-based compensation expense	$ 504,000	$ 477,000
Vesting period	3 years	3 years
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

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Company's Restricted Stock (Detail)	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of Shares, Beginning balance | shares	73,500
Granted, Number of Shares | shares	23,952
Vested, Number of Shares | shares	(54,360)
Forfeited, Number of Shares | shares	(168)
Outstanding, Number of Shares, Ending balance | shares	42,924
Outstanding, Weighted Average Price, Beginning balance | $ / shares	$ 9.33
Granted, Weighted Average Price | $ / shares	10.02
Vested, Weighted Average Price | $ / shares	9.33
Forfeited, Weighted Average Price | $ / shares	9.12
Outstanding, Weighted Average Price, Ending balance | $ / shares	$ 9.72
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of Shares, Beginning balance | shares	200,910
Granted, Number of Shares | shares	150,226
Vested, Number of Shares | shares	(66,749)
Forfeited, Number of Shares | shares	(6,157)
Outstanding, Number of Shares, Ending balance | shares	278,230
Outstanding, Weighted Average Price, Beginning balance | $ / shares	$ 10.87
Granted, Weighted Average Price | $ / shares	10.06
Vested, Weighted Average Price | $ / shares	10.28
Forfeited, Weighted Average Price | $ / shares	10.65
Outstanding, Weighted Average Price, Ending balance | $ / shares	$ 10.58

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity under the Company's Stock Option Plans (Detail)	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding, Number of Shares, Beginning balance	175,892
Granted, Number of Shares	0
Exercised, Number of Shares	0
Forfeited, Number of Shares	0
Expired, Number of Shares	0
Outstanding, Number of Shares, Ending balance	175,892
Options exercisable, Number of Shares, Ending balance	165,274
Outstanding, Weighted Average Exercise Price, Beginning balance | $ / shares	$ 8.38
Outstanding, Weighted Average Exercise Price, Ending balance | $ / shares	8.38
Options exercisable, Weighted Average Exercise Price, Ending balance | $ / shares	$ 8.30
Outstanding, Weighted Average Remaining Contractual Term (in years), Ending balance	4 years 6 months 11 days
Options exercisable, Weighted Average Remaining Contractual Term (in years), Ending balance	4 years 4 months 17 days
Outstanding, Aggregate Intrinsic Value, Beginning balance | $	$ 602,236
Outstanding, Aggregate Intrinsic Value, Ending balance | $	530,121
Options exercisable,Aggregate Intrinsic Value, Ending balance | $	$ 509,241

Comprehensive Income - Componen

Comprehensive Income - Components of Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net unrealized gains (losses) on available for sale securities
Net unrealized holding gains (losses) arising during period, Before Tax Amount	$ 2,684	$ (3,466)	$ 9,247	$ 759
Reclassification adjustment for net gains arising during the period, Before Tax Amount		(26)	(370)	(26)
Net unrealized gains (losses), Before Tax Amount	2,684	(3,492)	8,877	733
Unrealized loss on derivatives, Before Tax Amount	(193)		(193)
Change in minimum pension liability, Before Tax Amount	8	8	72	16
Other comprehensive income (loss), net, Before Tax Amount	2,499	(3,484)	8,756	749
Net unrealized holding gains (losses) arising during period, Tax Benefit (Expense)	(987)	1,289	(3,393)	(261)
Reclassification adjustment for net gains arising during the period, Tax Benefit (Expense)		9	137	9
Net unrealized gains (losses), Tax Benefit (Expense)	(987)	1,298	(3,256)	(252)
Unrealized loss on derivatives, Tax Benefit (Expense)	67		67
Change in minimum pension liability, Tax Benefit (Expense)	(2)	(3)	(28)	(6)
Other comprehensive income (loss), net, Tax Benefit (Expense)	(922)	1,295	(3,217)	(258)
Net unrealized holding gains (losses) arising during period, Net of Tax Amount	1,697	(2,177)	5,854	498
Reclassification adjustment for net gains arising during the period, Net of Tax Amount		(17)	(233)	(17)
Net unrealized gains (losses), Net of Tax Amount	1,697	(2,194)	5,621	481
Unrealized loss on derivatives, Net of Tax Amount	(126)		(126)
Change in minimum pension liability, Net of Tax Amount	6	5	44	10
Other comprehensive income (loss)	$ 1,577	$ (2,189)	$ 5,539	$ 491

Comprehensive Income - Summary

Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 5,112	$ 4,203	$ 1,150	$ 1,523
Other comprehensive income (loss) before classifications	1,577	(2,172)	5,772	508
Amounts reclassified from accumulated other comprehensive income		(17)	(233)	(17)
Other comprehensive income (loss)	1,577	(2,189)	5,539	491
Ending Balance	6,689	2,014	6,689	2,014
Unrealized Gains (Losses) on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	5,078	4,206	1,154	1,531
Other comprehensive income (loss) before classifications	1,697	(2,177)	5,854	498
Amounts reclassified from accumulated other comprehensive income		(17)	(233)	(17)
Other comprehensive income (loss)	1,697	(2,194)	5,621	481
Ending Balance	6,775	2,012	6,775	2,012
Unrealized Losses on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before classifications	(126)		(126)
Other comprehensive income (loss)	(126)		(126)
Ending Balance	(126)		(126)
Pension Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	34	(3)	(4)	(8)
Other comprehensive income (loss) before classifications	6	5	44	10
Other comprehensive income (loss)	6	5	44	10
Ending Balance	$ 40	$ 2	$ 40	$ 2

Estimated Fair Value of Finan65

Estimated Fair Value of Financial Instruments and Fair Value Measurement - Fair Value of Financial Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets:
Investment securities, available for sale	$ 460,390	$ 442,349
US Treasury and Government Agencies [Member]
Assets:
Investment securities, available for sale	92,780	97,133
Obligations of States and Political Subdivisions [Member]
Assets:
Investment securities, available for sale	40,607	36,498
Other Debt Securities [Member]
Assets:
Investment securities, available for sale		501
Equity Securities [Member]
Assets:
Investment securities, available for sale	18,950	18,645
Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities, available for sale	460,390	442,349
Derivative Assets	6,078	1,518
Total Assets	466,468	443,867
Liabilities:
Derivative Liabilities	6,271	1,518
Total Liabilities	6,271	1,518
Fair Value, Measurements, Recurring [Member] | US Treasury and Government Agencies [Member]
Assets:
Investment securities, available for sale	92,780	97,133
Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets:
Investment securities, available for sale	308,053	289,572
Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions [Member]
Assets:
Investment securities, available for sale	40,607	36,498
Fair Value, Measurements, Recurring [Member] | Other Debt Securities [Member]
Assets:
Investment securities, available for sale		501
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Assets:
Investment securities, available for sale	18,950	18,645
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities, available for sale	11,098	9,940
Total Assets	11,098	9,940
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government Agencies [Member]
Assets:
Investment securities, available for sale	6,060	4,888
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Assets:
Investment securities, available for sale	5,038	5,052
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities, available for sale	449,292	432,409
Derivative Assets	6,078	1,518
Total Assets	455,370	433,927
Liabilities:
Derivative Liabilities	6,271	1,518
Total Liabilities	6,271	1,518
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government Agencies [Member]
Assets:
Investment securities, available for sale	86,720	92,245
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets:
Investment securities, available for sale	308,053	289,572
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions [Member]
Assets:
Investment securities, available for sale	40,607	36,498
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Other Debt Securities [Member]
Assets:
Investment securities, available for sale		501
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Assets:
Investment securities, available for sale	$ 13,912	$ 13,593

Estimated Fair Value of Finan66

Estimated Fair Value of Financial Instruments and Fair Value Measurement - Fair Value of Assets Measured on Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans and Leases	$ 27,103	$ 26,006
Loans held for sale	6,463	1,233
Other real estate owned and other repossessed assets	1,594	983
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	6,463	1,233
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans and Leases	27,103	26,006
Other real estate owned and other repossessed assets	$ 1,594	$ 983

Estimated Fair Value of Finan67

Estimated Fair Value of Financial Instruments and Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term municipal bond	$ 19,500
Subordinate debt	31,238	$ 31,238
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	4.00%
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	11.00%
Capitalization rates	9.00%

Estimated Fair Value of Finan68

Estimated Fair Value of Financial Instruments and Fair Value Measurement - Carrying Values and Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial Instruments - Assets
Investment securities held to maturity, Fair Value	$ 129,447	$ 117,594
Investment securities held to maturity, Carrying Value	126,221	116,740
Federal Home Loan Bank and other membership bank stocks, Fair Value	15,797	14,087
Federal Home Loan Bank and other membership bank stocks, Carrying Value	15,797	14,087
Loans and leases, net Fair Value	3,439,536	2,930,188
Loans and leases, net Carrying Value	3,420,715	2,934,326
Financial Instruments - Liabilities
Certificates of Deposit, Fair Value	478,596	341,998
Certificates of Deposit, Carrying value	477,336	343,321
Other borrowings, Fair Value	300,956	275,409
Other borrowings, Carrying value	294,771	271,905
Subordinated debentures, Fair Value	21,242	24,366
Subordinated debentures, Carrying Value	31,238	31,238
Significant Other Observable Inputs (Level 2) [Member]
Financial Instruments - Assets
Investment securities held to maturity, Fair Value	109,946	110,293
Federal Home Loan Bank and other membership bank stocks, Fair Value	15,797	14,087
Financial Instruments - Liabilities
Certificates of Deposit, Fair Value	478,596	341,998
Other borrowings, Fair Value	300,956	275,409
Significant Unobservable Inputs (Level 3) [Member]
Financial Instruments - Assets
Investment securities held to maturity, Fair Value	19,501	7,301
Loans and leases, net Fair Value	3,439,536	2,930,188
Financial Instruments - Liabilities
Subordinated debentures, Fair Value	$ 21,242	$ 24,366

Statement of Cash Flow Inform69

Statement of Cash Flow Information, Supplemental Information - Supplemental Schedule of Noncash Investing and Financing Activities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Supplemental schedule of noncash investing and financing activities:
Cash paid during the period for income taxes	$ 10,682	$ 7,645
Cash paid during the period for interest	7,501	5,016
Transfer of loans and leases into other repossessed assets and other real estate owned	1,280	$ 760
Pascack Bancorp, Inc. [Member]
Non-cash assets acquired:
Federal Home Loan Bank stock	2,962
Investment securities held for maturity	3,925
Loans, including loans held for sale	319,575
Goodwill and other intangible assets, net	16,825
Other assets	21,110
Total non-cash assets acquired	364,397
Liabilities assumed:
Deposits	(304,466)
Other borrowings	(57,308)
Other liabilities	(6,344)
Total liabilities assumed	(368,118)
Common stock issued and fair value of stock options converted to Lakeland Bancorp stock options	$ 37,221