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SHAREHOLDERS' EQUITY AND EARNINGS PER COMMON SHARE (Tables) | 12 Months Ended
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Dec. 31, 2016
Stockholders' Equity Note [Abstract] |
Schedule of Actual and Required Capital Ratios | The Company and Bank’s actual and required capital amounts were as follows:
|  |  |  |  |  | Minimum Capital Requirement |  | Minimum to be Well Capitalized Under Prompt Corrective Action Provisions
|  | Actual |  |
(Dollars in thousands) |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Company (Consolidated) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets |  | $ | 803,618 |  |  | 11.87 | % |  | $ | 541,603 |  |  | 8.00 | % |  | $ | 677,004 |  |  | 10.00 | %
Common Equity Tier 1 Capital to risk weighted assets |  | 670,120 |  |  | 9.90 |  |  | 304,652 |  |  | 4.50 |  |  | 440,053 |  |  | 6.50 |
Tier 1 capital to risk-weighted assets |  | 681,500 |  |  | 10.07 |  |  | 406,202 |  |  | 6.00 |  |  | 541,603 |  |  | 8.00 |
Tier 1 capital to average assets |  | 681,500 |  |  | 7.88 |  |  | 270,802 |  |  | 4.00 |  |  | 338,502 |  |  | 5.00 |
Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets |  | $ | 756,792 |  |  | 11.21 | % |  | $ | 539,893 |  |  | 8.00 | % |  | $ | 674,866 |  |  | 10.00 | %
Common Equity Tier 1 Capital to risk weighted assets |  | 672,244 |  |  | 9.96 |  |  | 303,690 |  |  | 4.50 |  |  | 438,663 |  |  | 6.50 |
Tier 1 capital to risk-weighted assets |  | 672,244 |  |  | 9.96 |  |  | 404,920 |  |  | 6.00 |  |  | 539,893 |  |  | 8.00 |
Tier 1 capital to average assets |  | 672,244 |  |  | 7.84 |  |  | 269,920 |  |  | 4.00 |  |  | 337,433 |  |  | 5.00 |
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Company (Consolidated) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets |  | $ | 686,489 |  |  | 11.91 | % |  | $ | 461,231 |  |  | 8.00 | % |  | $ | 576,539 |  |  | 10.00 | %
Common Equity Tier 1 Capital to risk weighted assets |  | 564,878 |  |  | 9.80 |  |  | 259,443 |  |  | 4.50 |  |  | 374,750 |  |  | 6.50 |
Tier 1 capital to risk-weighted assets |  | 573,033 |  |  | 9.94 |  |  | 345,924 |  |  | 6.00 |  |  | 461,231 |  |  | 8.00 |
Tier 1 capital to average assets |  | 573,033 |  |  | 7.71 |  |  | 297,420 |  |  | 4.00 |  |  | 371,775 |  |  | 5.00 |
Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets |  | $ | 642,866 |  |  | 11.16 | % |  | $ | 460,882 |  |  | 8.00 | % |  | $ | 576,103 |  |  | 10.00 | %
Common Equity Tier 1 Capital to risk weighted assets |  | 569,131 |  |  | 9.88 |  |  | 259,246 |  |  | 4.50 |  |  | 374,467 |  |  | 6.50 |
Tier 1 capital to risk-weighted assets |  | 569,131 |  |  | 9.88 |  |  | 345,662 |  |  | 6.00 |  |  | 460,882 |  |  | 8.00 |
Tier 1 capital to average assets |  | 569,131 |  |  | 7.66 |  |  | 297,313 |  |  | 4.00 |  |  | 371,641 |  |  | 5.00 |
Schedule of Components of Accumulated Other Comprehensive Loss | Year-end components of accumulated other comprehensive income/(loss) are as follows:
(In thousands) |  | 2016 |  | 2015
Other accumulated comprehensive income/(loss), before tax: |  |  |  |  |  |
Net unrealized holding gain on AFS securities |  | $ | 25,176 |  |  | $ | 6,316 |
Net (loss) on effective cash flow hedging derivatives |  | (6,573 | ) |  | (8,532 | )
Net unrealized holding (loss) on pension plans |  | (2,954 | ) |  | (3,469 | )
Income taxes related to items of accumulated other comprehensive income/(loss): |  |  |  |  |  |
Net unrealized holding (gain) on AFS securities |  | (9,636 | ) |  | (2,437 | )
Net loss on effective cash flow hedging derivatives |  | 2,589 |  |  | 3,424 |
Net unrealized holding loss on pension plans |  | 1,164 |  |  | 1,392 |
Accumulated other comprehensive income/(loss) |  | $ | 9,766 |  |  | $ | (3,305 | )
Schedule of Components of Other Comprehensive Loss | The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2016, 2015, and 2014:
(In thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Year Ended December 31, 2016 |  |  |  |  |  |  |  |  |
Net unrealized holding gain on AFS securities: |  |  |  |  |  |  |  |  |
Net unrealized gain arising during the period |  | $ | 18,309 |  |  | $ | (6,979 | ) |  | $ | 11,330 |
Less: reclassification adjustment for (losses) realized in net income |  | (551 | ) |  | 220 |  |  | (331 | )
Net unrealized holding gain on AFS securities |  | 18,860 |  |  | (7,199 | ) |  | 11,661 |
Net loss on cash flow hedging derivatives: |  |  |  |  |  |  |  |  |
Net unrealized (loss) arising during the period |  | (2,023 | ) |  | 754 |  |  | (1,269 | )
Less: reclassification adjustment for (losses) realized in net income |  | (3,981 | ) |  | 1,589 |  |  | (2,392 | )
Net gain on cash flow hedging derivatives |  | 1,958 |  |  | (835 | ) |  | 1,123 |
Net unrealized holding gain on pension plans |  |  |  |  |  |  |  |  |
Net unrealized gain arising during the period |  | 351 |  |  | (155 | ) |  | 196 |
Less: reclassification adjustment for losses realized in net income |  | 164 |  |  | (73 | ) |  | 91 |
Net unrealized holding gain on pension plans |  | 515 |  |  | (228 | ) |  | 287 |
Other Comprehensive Income |  | $ | 21,333 |  |  | $ | (8,262 | ) |  | $ | 13,071 |
(In thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Year Ended December 31, 2015 |  |  |  |  |  |  |  |  |
Net unrealized holding (loss) on AFS securities: |  |  |  |  |  |  |  |  |
Net unrealized (loss) arising during the period |  | $ | (7,567 | ) |  | $ | 2,793 |  |  | $ | (4,774 | )
Less: reclassification adjustment for gains realized in net income |  | 2,110 |  |  | (847 | ) |  | 1,263 |
Net unrealized holding (loss) on AFS securities |  | (9,677 | ) |  | 3,640 |  |  | (6,037 | )
Net (loss) on cash flow hedging derivatives: |  |  |  |  |  |  |  |  |
Net unrealized (loss) arising during the period |  | (5,232 | ) |  | 2,094 |  |  | (3,138 | )
Less: reclassification adjustment for (losses) realized in net income |  | — |  |  | — |  |  | — |
Net (loss) on cash flow hedging derivatives |  | (5,232 | ) |  | 2,094 |  |  | (3,138 | )
Net unrealized holding (loss) on pension plans |  |  |  |  |  |  |  |  |
Net unrealized (loss) arising during the period |  | (1,436 | ) |  | 572 |  |  | (864 | )
Less: reclassification adjustment for (losses) gains realized in net income |  | (259 | ) |  | 104 |  |  | (155 | )
Net unrealized holding (loss) on pension plans |  | (1,177 | ) |  | 468 |  |  | (709 | )
Other Comprehensive Loss |  | $ | (16,086 | ) |  | $ | 6,202 |  |  | $ | (9,884 | )
(In thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |
Net unrealized holding gain on AFS securities: |  |  |  |  |  |  |  |  |
Net unrealized gain arising during the period |  | $ | 25,769 |  |  | $ | (9,791 | ) |  | $ | 15,978 |
Less: reclassification adjustment for gains realized in net income |  | 482 |  |  | (196 | ) |  | 286 |
Net unrealized holding gain on AFS securities |  | 25,287 |  |  | (9,595 | ) |  | 15,692 |
Net (loss) on cash flow hedging derivatives: |  |  |  |  |  |  |  |  |
Net unrealized (loss) arising during the period |  | (6,403 | ) |  | 2,608 |  |  | (3,795 | )
Less: reclassification adjustment for (losses) realized in net income |  | (5,393 | ) |  | 2,201 |  |  | (3,192 | )
Net (loss) on cash flow hedging derivatives |  | (1,010 | ) |  | 407 |  |  | (603 | )
Net loss on terminated swap: |  |  |  |  |  |  |  |  |
Net unrealized (loss) arising during the period |  | — |  |  | — |  |  | — |
Less: reclassification adjustment for (losses) realized in net income |  | (3,237 | ) |  | 1,312 |  |  | (1,925 | )
Net loss on terminated swap |  | 3,237 |  |  | (1,312 | ) |  | 1,925 |
Net unrealized holding (loss) on pension plans |  |  |  |  |  |  |  |  |
Net unrealized (loss) arising during the period |  | (2,308 | ) |  | 930 |  |  | (1,378 | )
Less: reclassification adjustment for gains (losses) realized in net income |  | — |  |  | — |  |  | — |
Net unrealized holding (loss) on pension plans |  | (2,308 | ) |  | 930 |  |  | (1,378 | )
Other Comprehensive Income |  | $ | 25,206 |  |  | $ | (9,570 | ) |  | $ | 15,636 |
Schedule of Gross Changes in Each Component of Accumulated Other Comprehensive Income | The following table presents the changes in each component of accumulated other comprehensive income (loss), for the years ended December 31, 2016, 2015, and 2014:
(in thousands) |  | Net unrealized holding gain (loss) on AFS Securities |  | Net loss on effective cash flow hedging derivatives |  | Net loss on terminated swap |  | Net unrealized holding gain (loss) on pension plans |  | Total
Year Ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Year |  | $ | 3,880 |  |  | $ | (5,108 | ) |  | $ | — |  |  | $ | (2,077 | ) |  | $ | (3,305 | )
Other Comprehensive Gain (Loss) before reclassifications |  | 11,330 |  |  | (1,269 | ) |  | — |  |  | 196 |  |  | 10,257 |
Amounts Reclassified from Accumulated other comprehensive income |  | (331 | ) |  | (2,392 | ) |  | — |  |  | (91 | ) |  | (2,814 | )
Total Other Comprehensive Income |  | 11,661 |  |  | 1,123 |  |  | — |  |  | 287 |  |  | 13,071 |
Balance at End of Period |  | $ | 15,541 |  |  | $ | (3,985 | ) |  | $ | — |  |  | $ | (1,790 | ) |  | $ | 9,766 |
Year Ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Year |  | $ | 9,916 |  |  | $ | (1,969 | ) |  | $ | — |  |  | $ | (1,368 | ) |  | $ | 6,579 |
Other Comprehensive (Loss) before reclassifications |  | (4,774 | ) |  | (3,138 | ) |  | — |  |  | (864 | ) |  | (8,776 | )
Amounts Reclassified from Accumulated other comprehensive income |  | 1,263 |  |  | — |  |  | — |  |  | (155 | ) |  | 1,108 |
Total Other Comprehensive Loss |  | (6,037 | ) |  | (3,138 | ) |  | — |  |  | (709 | ) |  | (9,884 | )
Balance at End of Period |  | $ | 3,880 |  |  | $ | (5,108 | ) |  | $ | — |  |  | $ | (2,077 | ) |  | $ | (3,305 | )
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Year |  | $ | (5,776 | ) |  | $ | (1,366 | ) |  | $ | (1,925 | ) |  | $ | 10 |  |  | $ | (9,057 | )
Other Comprehensive Gain (Loss) Before reclassifications |  | 15,978 |  |  | (3,795 | ) |  | — |  |  | (1,378 | ) |  | 10,805 |
Amounts Reclassified from Accumulated other comprehensive income |  | 286 |  |  | (3,192 | ) |  | (1,925 | ) |  | — |  |  | (4,831 | )
Total Other Comprehensive Income |  | 15,692 |  |  | (603 | ) |  | 1,925 |  |  | (1,378 | ) |  | 15,636 |
Balance at End of Period |  | $ | 9,916 |  |  | $ | (1,969 | ) |  | $ | — |  |  | $ | (1,368 | ) |  | $ | 6,579 |
Schedule of Amounts Reclassified out of Each Component of Accumulated Other Comprehensive Income | The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2016, 2015, and 2014:
|  |  |  |  |  |  |  | Affected Line Item in the Statement Where Net Income Is Presented
|  | Years Ended December 31, |
(in thousands) |  | 2016 |  | 2015 |  | 2014 |
Realized (losses) gains on AFS securities:
|  | $ | (551 | ) |  | $ | 2,110 |  |  | $ | 482 |  |  | Non-interest income
|  | 220 |  |  | (847 | ) |  | (196 | ) |  | Tax expense
|  | (331 | ) |  | 1,263 |  |  | 286 |  |  |
Realized (losses) on cash flow hedging derivatives:
|  | (3,981 | ) |  | — |  |  | (5,393 | ) |  | Interest income
|  | 1,589 |  |  | — |  |  | 2,201 |  |  | Tax expense
|  | (2,392 | ) |  | — |  |  | (3,192 | ) |  |
Amortization of realized (losses) on terminated swap:
|  | — |  |  | — |  |  | (3,237 | ) |  | Interest income
|  | — |  |  | — |  |  | 1,312 |  |  | Tax expense
|  | — |  |  | — |  |  | (1,925 | ) |  |
Realized (losses) on pension plans |  |  |  |  |  |  |  |
|  | 164 |  |  | (259 | ) |  | — |  |  | Non-interest expense
|  | (73 | ) |  | 104 |  |  | — |  |  | Tax expense
|  | 91 |  |  | (155 | ) |  | — |  |  |
Total reclassifications for the period |  | $ | (2,632 | ) |  | $ | 1,108 |  |  | $ | (4,831 | ) |  |
Schedule of Earnings Per Share | Earnings per common share has been computed based on the following (average diluted shares outstanding is calculated using the treasury stock method):
|  | Years Ended December 31,
(In thousands, except per share data) |  | 2016 |  | 2015 |  | 2014
Net income |  | $ | 58,670 |  |  | $ | 49,518 |  |  | $ | 33,744 |
Average number of common shares issued |  | 32,604 |  |  | 30,074 |  |  | 26,525 |
Less: average number of treasury shares |  | 1,116 |  |  | 1,215 |  |  | 1,386 |
Less: average number of unvested stock award shares |  | 500 |  |  | 466 |  |  | 409 |
Average number of basic common shares outstanding |  | 30,988 |  |  | 28,393 |  |  | 24,730 |
Plus: dilutive effect of unvested stock award shares |  | 122 |  |  | 106 |  |  | 67 |
Plus: dilutive effect of stock options outstanding |  | 57 |  |  | 65 |  |  | 57 |
Average number of diluted common shares outstanding |  | 31,167 |  |  | 28,564 |  |  | 24,854 |
Basic earning per share |  | $ | 1.89 |  |  | $ | 1.74 |  |  | $ | 1.36 |
Diluted earnings per share |  | $ | 1.88 |  |  | $ | 1.73 |  |  | $ | 1.36 |

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