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FAIR VALUE (Tables) | 12 Months Ended
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Dec. 31, 2017
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS |
Schedule of assets and liabilities measured on a recurring basis |
|  | December 31, 2017 |
|  |  |  |  | Fair Value Measurements Using: |
(In thousands) |  | Carrying Value |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. GSE securities |  | $ | 56,814 |  |  |  |  |  |  | $ | 56,814 |  |  |  |  |
State and municipal obligations |  |  | 87,022 |  |  |  |  |  |  |  | 87,022 |  |  |  |  |
U.S. GSE residential mortgage-backed securities |  |  | 186,901 |  |  |  |  |  |  |  | 186,901 |  |  |  |  |
U.S. GSE residential collateralized mortgage obligations |  |  | 307,390 |  |  |  |  |  |  |  | 307,390 |  |  |  |  |
U.S. GSE commercial mortgage-backed securities |  |  | 5,979 |  |  |  |  |  |  |  | 5,979 |  |  |  |  |
U.S. GSE commercial collateralized mortgage obligations |  |  | 48,716 |  |  |  |  |  |  |  | 48,716 |  |  |  |  |
Other asset backed securities |  |  | 23,401 |  |  |  |  |  |  |  | 23,401 |  |  |  |  |
Corporate bonds |  |  | 43,693 |  |  |  |  |  |  |  | 43,693 |  |  |  |  |
Total available for sale securities |  | $ | 759,916 |  |  |  |  |  |  | $ | 759,916 |  |  |  |  |
Derivatives |  | $ | 4,546 |  |  |  |  |  |  | $ | 4,546 |  |  |  |  |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 1,823 |  |  |  |  |  |  | $ | 1,823 |  |  |  |  |
|  | December 31, 2016 |
|  |  |  |  | Fair Value Measurements Using: |
(In thousands) |  | Carrying Value |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. GSE securities |  | $ | 63,649 |  |  |  |  |  |  | $ | 63,649 |  |  |  |  |
State and municipal obligations |  |  | 116,165 |  |  |  |  |  |  |  | 116,165 |  |  |  |  |
U.S. GSE residential mortgage-backed securities |  |  | 158,048 |  |  |  |  |  |  |  | 158,048 |  |  |  |  |
U.S. GSE residential collateralized mortgage obligations |  |  | 367,511 |  |  |  |  |  |  |  | 367,511 |  |  |  |  |
U.S. GSE commercial mortgage-backed securities |  |  | 6,307 |  |  |  |  |  |  |  | 6,307 |  |  |  |  |
U.S. GSE commercial collateralized mortgage obligations |  |  | 55,192 |  |  |  |  |  |  |  | 55,192 |  |  |  |  |
Other asset backed securities |  |  | 22,553 |  |  |  |  |  |  |  | 22,553 |  |  |  |  |
Corporate bonds |  |  | 30,297 |  |  |  |  |  |  |  | 30,297 |  |  |  |  |
Total available for sale securities |  | $ | 819,722 |  |  |  |  |  |  | $ | 819,722 |  |  |  |  |
Derivatives |  | $ | 2,510 |  |  |  |  |  |  | $ | 2,510 |  |  |  |  |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 1,670 |  |  |  |  |  |  | $ | 1,670 |  |  |  |  |
Schedule of assets measured at fair value on a non-recurring basis |
|  | December 31, 2017 |
|  |  |  |  | Fair Value Measurements Using: |
(In thousands) |  | Carrying Value |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Impaired loans |  | $ | — |  |  |  |  |  |  |  |  |  |  | $ | — |
|  | December 31, 2016 |
|  |  |  |  | Fair Value Measurements Using: |
(In thousands) |  | Carrying Value |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Impaired loans |  | $ | 64 |  |  |  |  |  |  |  |  |  |  | $ | 64 |
Schedule of estimated fair values and recorded carrying values of financial instruments |
|  | December 31, 2017 |
|  |  |  |  | Fair Value Measurement Using: |  |  |  |
(In thousands) |  | Carrying Amount |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 76,614 |  |  | $ | 76,614 |  |  | $ | — |  |  | $ | — |  |  | $ | 76,614 |
Interest bearing deposits with banks |  |  | 18,133 |  |  |  | 18,133 |  |  |  | — |  |  |  | — |  |  |  | 18,133 |
Securities available for sale |  |  | 759,916 |  |  |  | — |  |  |  | 759,916 |  |  |  | — |  |  |  | 759,916 |
Securities restricted |  |  | 35,349 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Securities held to maturity |  |  | 180,866 |  |  |  | — |  |  |  | 179,885 |  |  |  | — |  |  |  | 179,885 |
Loans, net |  |  | 3,071,045 |  |  |  | — |  |  |  | — |  |  |  | 3,010,023 |  |  |  | 3,010,023 |
Derivatives |  |  | 4,546 |  |  |  | — |  |  |  | 4,546 |  |  |  | — |  |  |  | 4,546 |
Accrued interest receivable |  |  | 11,652 |  |  |  | — |  |  |  | 3,211 |  |  |  | 8,441 |  |  |  | 11,652 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 222,364 |  |  |  | — |  |  |  | 220,775 |  |  |  | — |  |  |  | 220,775 |
Demand and other deposits |  |  | 3,112,179 |  |  |  | 3,112,179 |  |  |  | — |  |  |  | — |  |  |  | 3,112,179 |
Federal funds purchased |  |  | 50,000 |  |  |  | 50,000 |  |  |  | — |  |  |  | — |  |  |  | 50,000 |
Federal Home Loan Bank advances |  |  | 501,374 |  |  |  | 185,000 |  |  |  | 313,558 |  |  |  | — |  |  |  | 498,558 |
Repurchase agreements |  |  | 877 |  |  |  | — |  |  |  | 877 |  |  |  | — |  |  |  | 877 |
Subordinated debentures |  |  | 78,641 |  |  |  | — |  |  |  | 77,933 |  |  |  | — |  |  |  | 77,933 |
Derivatives |  |  | 1,823 |  |  |  | — |  |  |  | 1,823 |  |  |  | — |  |  |  | 1,823 |
Accrued interest payable |  |  | 1,574 |  |  |  | — |  |  |  | 462 |  |  |  | 1,112 |  |  |  | 1,574 |
|  | December 31, 2016 |
|  |  |  |  | Fair Value Measurement Using: |  |  |  |
(In thousands) |  | Carrying Amount |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 102,280 |  |  | $ | 102,280 |  |  | $ | — |  |  | $ | — |  |  | $ | 102,280 |
Interest bearing deposits with banks |  |  | 11,558 |  |  |  | 11,558 |  |  |  | — |  |  |  | — |  |  |  | 11,558 |
Securities available for sale |  |  | 819,722 |  |  |  | — |  |  |  | 819,722 |  |  |  | — |  |  |  | 819,722 |
Securities restricted |  |  | 34,743 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Securities held to maturity |  |  | 223,237 |  |  |  | — |  |  |  | 222,878 |  |  |  | — |  |  |  | 222,878 |
Loans, net |  |  | 2,574,536 |  |  |  | — |  |  |  | — |  |  |  | 2,542,395 |  |  |  | 2,542,395 |
Derivatives |  |  | 2,510 |  |  |  | — |  |  |  | 2,510 |  |  |  | — |  |  |  | 2,510 |
Accrued interest receivable |  |  | 10,233 |  |  |  | — |  |  |  | 3,480 |  |  |  | 6,753 |  |  |  | 10,233 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 206,732 |  |  |  | — |  |  |  | 206,026 |  |  |  | — |  |  |  | 206,026 |
Demand and other deposits |  |  | 2,719,277 |  |  |  | 2,719,277 |  |  |  | — |  |  |  | — |  |  |  | 2,719,277 |
Federal funds purchased |  |  | 100,000 |  |  |  | 100,000 |  |  |  | — |  |  |  | — |  |  |  | 100,000 |
Federal Home Loan Bank advances |  |  | 496,684 |  |  |  | 175,000 |  |  |  | 321,249 |  |  |  | — |  |  |  | 496,249 |
Repurchase agreements |  |  | 674 |  |  |  | — |  |  |  | 674 |  |  |  | — |  |  |  | 674 |
Subordinated debentures |  |  | 78,502 |  |  |  | — |  |  |  | 78,303 |  |  |  | — |  |  |  | 78,303 |
Junior subordinated debentures |  |  | 15,244 |  |  |  | — |  |  |  | — |  |  |  | 15,258 |  |  |  | 15,258 |
Derivatives |  |  | 1,670 |  |  |  | — |  |  |  | 1,670 |  |  |  | — |  |  |  | 1,670 |
Accrued interest payable |  |  | 1,849 |  |  |  | — |  |  |  | 403 |  |  |  | 1,446 |  |  |  | 1,849 |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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