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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The current and deferred amounts of income tax expense for the years ended December 31, 2014, 2013 and 2012, respectively, are as follows (dollars in thousands):
|  | 2014 |  | 2013 |  | 2012
Current: |  |  |  |  |  |
Federal |  |  | $ |  | 7,715 |  |  |  | $ |  | 5,658 |  |  |  | $ |  | 5,506 |
State |  |  |  | 946 |  |  |  |  | 87 |  |  |  |  | 259 |
Subtotal |  |  |  | 8,661 |  |  |  |  | 5,745 |  |  |  |  | 5,765 |
Deferred: |  |  |  |  |  |
Federal |  |  |  | 223 |  |  |  |  | 1,906 |  |  |  |  | 1,085 |
State |  |  |  | (39 | ) |  |  |  |  | (167 | ) |  |  |  |  | 827 |
Subtotal |  |  |  | 184 |  |  |  |  | 1,739 |  |  |  |  | 1,912 |
Income tax expense |  |  | $ |  | 8,845 |  |  |  | $ |  | 7,484 |  |  |  | $ |  | 7,677 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Reconciliation between the amount of reported income tax expense and the amount computed by applying the statutory Federal income tax rate is as follows (dollars in thousands):
|  | 2014 |  | 2013 |  | 2012
Income before income tax expense |  |  | $ |  | 27,410 |  |  |  | $ |  | 27,409 |  |  |  | $ |  | 25,184 |
Federal statutory rate |  |  |  | 35 | % |  |  |  |  | 35 | % |  |  |  |  | 35 | % |
Computed “expected” Federal income tax expense |  |  |  | 9,593 |  |  |  |  | 9,593 |  |  |  |  | 8,814 |
State tax, net of Federal tax benefit |  |  |  | 589 |  |  |  |  | (53 | ) |  |  |  |  | 706 |
Bank owned life insurance |  |  |  | (456 | ) |  |  |  |  | (477 | ) |  |  |  |  | (356 | ) |
Tax-exempt interest and dividends |  |  |  | (1,511 | ) |  |  |  |  | (1,645 | ) |  |  |  |  | (1,228 | ) |
Bargain gain on Saddle River Valley Bank acquisition |  |  |  | — |  |  |  |  | — |  |  |  |  | (314 | ) |
Other, net |  |  |  | 630 |  |  |  |  | 66 |  |  |  |  | 55 |
Income tax |  |  | $ |  | 8,845 |  |  |  | $ |  | 7,484 |  |  |  | $ |  | 7,677 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The tax effects of temporary differences that give rise to significant portions of the deferred tax asset and deferred tax liability at December 31, 2014 and 2013 are presented in the following table:
|  | 2014 |  | 2013
|  | (Dollars in Thousands)
Deferred tax assets: |  |  |  |
Impaired assets |  |  | $ |  | — |  |  |  | $ |  | 1,221 |
Allowance for loan losses |  |  |  | 5,681 |  |  |  |  | 4,118 |
Pension actuarial losses |  |  |  | 2,980 |  |  |  |  | 2,206 |
Purchase accounting |  |  |  | 9,221 |  |  |  |  | — |
Deferred compensation |  |  |  | 1,066 |  |  |  |  | — |
Accrued rent |  |  |  | 476 |  |  |  |  | — |
Other |  |  |  | 594 |  |  |  |  | 466 |
NJ NOL |  |  |  | 902 |  |  |  |  | 399 |
NJ AMA credits |  |  |  | — |  |  |  |  | 137 |
Total deferred tax assets |  |  | $ |  | 20,920 |  |  |  | $ |  | 8,547 |
Deferred tax liabilities: |  |  |  |
Employee benefit plans |  |  | $ |  | 1,199 |  |  |  | $ |  | 1,281 |
Depreciation |  |  |  | 886 |  |  |  |  | 416 |
Market discount accretion |  |  |  | 91 |  |  |  |  | 200 |
Deferred loan costs, net of fees |  |  |  | 317 |  |  |  |  | 385 |
Prepaid expenses |  |  |  | 393 |  |  |  |  | — |
Other |  |  |  | 64 |  |  |  |  | — |
Purchase accounting |  |  |  | — |  |  |  |  | 522 |
Unrealized gains on securities available-for-sale |  |  |  | 2,403 |  |  |  |  | 547 |
Total deferred tax liabilities |  |  |  | 5,353 |  |  |  |  | 3,351 |
Net deferred tax asset |  |  | $ |  | 15,567 |  |  |  | $ |  | 5,196 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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