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CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | CONDENSED BALANCE SHEETS
|  | December 31,
(In thousands) |  | 2016 |  | 2015
Assets |  |  |  |  |  |
Cash due from Berkshire Bank |  | $ | 43,018 |  |  | $ | 36,082 |
Investment in subsidiaries |  | 1,127,706 |  |  | 931,171 |
Securities available for sale, at fair value |  | 23,651 |  |  | 726 |
Other assets |  | 1,372 |  |  | 10,179 |
Total assets |  | $ | 1,195,747 |  |  | $ | 978,158 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |
Short term debt |  | $ | 10,000 |  |  | $ | — |
Subordinated notes |  | 89,161 |  |  | 88,983 |
Accrued expenses |  | 3,288 |  |  | 1,986 |
Shareholders’ equity |  | 1,093,298 |  |  | 887,189 |
Total liabilities and shareholders’ equity |  | $ | 1,195,747 |  |  | $ | 978,158 |
Schedule of Condensed Statements of Income | CONDENSED STATEMENTS OF INCOME
|  | Years Ended December 31,
(In thousands) |  | 2016 |  | 2015 |  | 2014
Income: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 33,000 |  |  | $ | 34,000 |  |  | $ | 12,000 |
Other |  | 4,072 |  |  | 2,763 |  |  | 2,317 |
Total income |  | 37,072 |  |  | 36,763 |  |  | 14,317 |
Interest expense |  | 5,743 |  |  | 5,674 |  |  | 5,847 |
Non-interest expenses |  | 3,740 |  |  | 3,670 |  |  | 2,286 |
Total expense |  | 9,483 |  |  | 9,344 |  |  | 8,133 |
Income before income taxes and equity in undistributed income of subsidiaries |  | 27,589 |  |  | 27,419 |  |  | 6,184 |
Income tax benefit |  | (2,123 | ) |  | (2,518 | ) |  | (2,330 | )
Income before equity in undistributed income of subsidiaries |  | 29,712 |  |  | 29,937 |  |  | 8,514 |
Equity in undistributed income of subsidiaries |  | 28,958 |  |  | 19,581 |  |  | 25,230 |
Net income |  | $ | 58,670 |  |  | $ | 49,518 |  |  | $ | 33,744 |
Schedule of Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
|  | Years Ended December 31,
(In thousands) |  | 2016 |  | 2015 |  | 2014
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 58,670 |  |  | $ | 49,518 |  |  | $ | 33,744 |
Adjustments to reconcile net income to net cash (used) provided by operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiaries |  | (28,958 | ) |  | (19,581 | ) |  | (25,230 | )
Other, net |  | 1,988 |  |  | 10,904 |  |  | 3,247 |
Net cash provided by operating activities |  | 31,700 |  |  | 40,841 |  |  | 11,761 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Acquisitions, net of cash paid |  | — |  |  | (3,293 | ) |  | — |
Purchase of securities |  | (18,016 | ) |  | (18 | ) |  | — |
Other, net |  | 9,728 |  |  | — |  |  | — |
Net cash (used) provided by investing activities |  | (8,288 | ) |  | (3,311 | ) |  | — |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceed from issuance of short term debt |  | 9,349 |  |  | (9,935 | ) |  | — |
Net proceeds from common stock |  | 3,712 |  |  | — |  |  | — |
Net proceeds from reissuance of treasury stock |  | — |  |  | 240 |  |  | 1,064 |
Payment to repurchase common stock |  | (4,632 | ) |  | (550 | ) |  | (2,468 | )
Common stock cash dividends paid |  | (24,916 | ) |  | (21,903 | ) |  | (18,075 | )
Other, net |  | 11 |  |  | 167 |  |  | (1,903 | )
Net cash provided (used) by financing activities |  | (16,476 | ) |  | (31,981 | ) |  | (21,382 | )
Net change in cash and cash equivalents |  | 6,936 |  |  | 5,549 |  |  | (9,621 | )
Cash and cash equivalents at beginning of year |  | 36,082 |  |  | 30,533 |  |  | 40,154 |
Cash and cash equivalents at end of year |  | $ | 43,018 |  |  | $ | 36,082 |  |  | $ | 30,533 |

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