XML 26 R25.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Investment Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following tables present information related to the Company’s investment securities at September 30, 2015 and December 31, 2014.
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
|  | September 30, 2015 |
|  | (in thousands) |
Investment securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 30,474 |  |  | $ | 438 |  |  | $ | (7 | ) |  | $ | 30,905 |
Residential mortgage pass-through securities |  |  | 46,943 |  |  |  | 1,162 |  |  |  | (14 | ) |  |  | 48,091 |
Commercial mortgage pass-through securities |  |  | 2,996 |  |  |  | 59 |  |  |  | — |  |  |  | 3,055 |
Obligations of U.S. states and political subdivisions |  |  | 8,191 |  |  |  | 191 |  |  |  | — |  |  |  | 8,382 |
Trust preferred securities |  |  | 16,087 |  |  |  | 385 |  |  |  | (150 | ) |  |  | 16,322 |
Corporate bonds and notes |  |  | 76,049 |  |  |  | 2,418 |  |  |  | (81 | ) |  |  | 78,386 |
Asset-backed securities |  |  | 21,403 |  |  |  | 2 |  |  |  | (275 | ) |  |  | 21,130 |
Certificates of deposit |  |  | 1,896 |  |  |  | 27 |  |  |  | (3 | ) |  |  | 1,920 |
Equity securities |  |  | 376 |  |  |  | — |  |  |  | (38 | ) |  |  | 338 |
Other securities |  |  | 15,715 |  |  |  | 67 |  |  |  | (97 | ) |  |  | 15,685 |
Total |  | $ | 220,130 |  |  | $ | 4,749 |  |  | $ | (665 | ) |  | $ | 224,214 |
Investment securities held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and agency securities |  | $ | 28,419 |  |  | $ | 1,328 |  |  | $ | — |  |  | $ | 29,747 |
Federal agency obligations |  |  | 35,519 |  |  |  | 642 |  |  |  | (47 | ) |  |  | 36,114 |
Residential mortgage-backed securities |  |  | 4,240 |  |  |  | 19 |  |  |  | (1 | ) |  |  | 4,258 |
Commercial mortgage-backed securities |  |  | 4,150 |  |  |  | 97 |  |  |  | — |  |  |  | 4,247 |
Obligations of U.S. states and political subdivisions |  |  | 118,877 |  |  |  | 4,470 |  |  |  | (46 | ) |  |  | 123,301 |
Corporate bonds and notes |  |  | 36,016 |  |  |  | 888 |  |  |  | (78 | ) |  |  | 36,826 |
Total |  | $ | 227,221 |  |  | $ | 7,444 |  |  | $ | (172 | ) |  | $ | 234,493 |
Total investment securities |  | $ | 447,351 |  |  | $ | 12,193 |  |  | $ | (837 | ) |  | $ | 458,707 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
|  | December 31, 2014 |
|  | (in thousands) |
Investment securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 32,650 |  |  | $ | 217 |  |  | $ | (50 | ) |  | $ | 32,817 |
Residential mortgage pass-through securities |  |  | 58,836 |  |  |  | 1,531 |  |  |  | (11 | ) |  |  | 60,356 |
Commercial mortgage pass-through securities |  |  | 3,042 |  |  |  | 4 |  |  |  | — |  |  |  | 3,046 |
Obligations of U.S. states and political subdivisions |  |  | 8,201 |  |  |  | 205 |  |  |  | — |  |  |  | 8,406 |
Trust preferred securities |  |  | 16,086 |  |  |  | 489 |  |  |  | (269 | ) |  |  | 16,306 |
Corporate bonds and notes |  |  | 119,838 |  |  |  | 5,950 |  |  |  | (11 | ) |  |  | 125,777 |
Asset-backed securities |  |  | 27,393 |  |  |  | 140 |  |  |  | (31 | ) |  |  | 27,502 |
Certificates of deposit |  |  | 2,098 |  |  |  | 27 |  |  |  | (2 | ) |  |  | 2,123 |
Equity securities |  |  | 376 |  |  |  | — |  |  |  | (69 | ) |  |  | 307 |
Other securities |  |  | 12,941 |  |  |  | 33 |  |  |  | (82 | ) |  |  | 12,892 |
Total |  | $ | 281,461 |  |  | $ | 8,596 |  |  | $ | (525 | ) |  | $ | 289,532 |
Investment securities held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and agency securities |  | $ | 28,264 |  |  | $ | 920 |  |  | $ | — |  |  | $ | 29,184 |
Federal agency obligations |  |  | 27,103 |  |  |  | 322 |  |  |  | (28 | ) |  |  | 27,397 |
Residential mortgage-backed securities |  |  | 5,955 |  |  |  | 28 |  |  |  | — |  |  |  | 5,983 |
Commercial mortgage-backed securities |  |  | 4,266 |  |  |  | 50 |  |  |  | — |  |  |  | 4,316 |
Obligations of U.S. states and political subdivisions |  |  | 120,144 |  |  |  | 4,512 |  |  |  | (60 | ) |  |  | 124,596 |
Corporate bonds and notes |  |  | 38,950 |  |  |  | 1,026 |  |  |  | (7 | ) |  |  | 39,969 |
Total |  | $ | 224,682 |  |  | $ | 6,858 |  |  | $ | (95 | ) |  | $ | 231,445 |
Total investment securities |  | $ | 506,143 |  |  | $ | 15,454 |  |  | $ | (620 | ) |  | $ | 520,977 |
Investments Classified by Contractual Maturity Date [Table Text Block] | The following table presents information for investment securities at September 30, 2015, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer.
|  | September 30, 2015 |
|  | Amortized Cost |  |  | Fair Value |
|  | (in thousands) |
Investment securities available-for-sale: |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 16,296 |  |  | $ | 16,443 |
Due after one year through five years |  |  | 30,271 |  |  |  | 31,401 |
Due after five years through ten years |  |  | 55,740 |  |  |  | 56,953 |
Due after ten years |  |  | 51,793 |  |  |  | 52,248 |
Residential mortgage pass-through securities |  |  | 46,943 |  |  |  | 48,091 |
Commercial mortgage pass-through securities |  |  | 2,996 |  |  |  | 3,055 |
Equity securities |  |  | 376 |  |  |  | 338 |
Other securities |  |  | 15,715 |  |  |  | 15,685 |
Total |  | $ | 220,130 |  |  | $ | 224,214 |
Investment securities held-to-maturity: |  |  |  |  |  |  |  |
Due in one year or less |  | $ | — |  |  | $ | — |
Due after one year through five years |  |  | 13,571 |  |  |  | 13,888 |
Due after five years through ten years |  |  | 76,126 |  |  |  | 78,980 |
Due after ten years |  |  | 129,134 |  |  |  | 133,120 |
Residential mortgage-backed securities |  |  | 4,240 |  |  |  | 4,258 |
Commercial mortgage-backed securities |  |  | 4,150 |  |  |  | 4,247 |
Total |  | $ | 227,221 |  |  | $ | 234,493 |
Total investment securities |  | $ | 447,351 |  |  | $ | 458,707 |
Schedule of Realized Gain (Loss) [Table Text Block] | Gross gains and losses from the sales, calls and maturities of investment securities for the three-month and nine-month periods ended September 30, 2015 and 2014 were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Proceeds |  | $ | 32,125 |  |  | $ | 2,303 |  |  | $ | 44,397 |  |  | $ | 66,738 |
Gross gains on sales of investment securities |  |  | 2,067 |  |  |  | 111 |  |  |  | 2,793 |  |  |  | 2,122 |
Gross losses on sales of investment securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (22 | )
Net gains on sales of investment securities |  | $ | 2,067 |  |  | $ | 111 |  |  | $ | 2,793 |  |  | $ | 2,100 |
Less: tax provision on net gains |  |  | 794 |  |  |  | 42 |  |  |  | 1,091 |  |  |  | 601 |
Total |  | $ | 1,273 |  |  | $ | 69 |  |  | $ | 1,702 |  |  | $ | 1,499 |
Schedule of Preferred Security and Associated Ratings [Table Text Block] | The following table presents detailed information for each single issuer trust preferred security held by the Company at September 30, 2015, of which all but one has at least one rating below investment grade (in thousands):
|  |  |  |  |  |  |  |  |  |  | Lowest
|  |  |  |  |  |  |  | Gross |  |  | Credit
|  | Amortized |  |  | Fair |  |  | Unrealized |  |  | Rating
Issuer |  | Cost |  |  | Value |  |  | Gain (Loss) |  |  | Assigned
Countrywide Capital IV |  | $ | 1,771 |  |  | $ | 1,804 |  |  | $ | 33 |  |  | BB+
Countrywide Capital V |  |  | 2,747 |  |  |  | 2,829 |  |  |  | 82 |  |  | BB+
Countrywide Capital V |  |  | 250 |  |  |  | 257 |  |  |  | 7 |  |  | BB+
Nationsbank Cap Trust III |  |  | 1,576 |  |  |  | 1,426 |  |  |  | (150 | ) |  | BB+
Morgan Stanley Cap Trust IV |  |  | 2,500 |  |  |  | 2,537 |  |  |  | 37 |  |  | BB
Morgan Stanley Cap Trust IV |  |  | 1,743 |  |  |  | 1,775 |  |  |  | 32 |  |  | BB
Goldman Sachs |  |  | 1,000 |  |  |  | 1,149 |  |  |  | 149 |  |  | BB
Stifel Financial |  |  | 4,500 |  |  |  | 4,545 |  |  |  | 45 |  |  | BBB-
Total |  | $ | 16,087 |  |  | $ | 16,322 |  |  | $ | 235 |  |  |
Schedule of Unrealized Loss on Investments [Table Text Block] | The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2015 and December 31, 2014:
|  | September 30, 2015 |
|  | Total |  |  | Less than 12 Months |  |  | 12 Months or Longer |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
|  | (in thousands) |
Investment securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligation |  | $ | 3,743 |  |  | $ | (7 | ) |  | $ | 3,478 |  |  | $ | (5 | ) |  | $ | 265 |  |  | $ | (2 | )
Residential mortgage pass-through securities |  |  | 2,283 |  |  |  | (14 | ) |  |  | 2,162 |  |  |  | (13 | ) |  |  | 121 |  |  |  | (1 | )
Trust preferred securities |  |  | 1,426 |  |  |  | (150 | ) |  |  | — |  |  |  | — |  |  |  | 1,426 |  |  |  | (150 | )
Corporate bonds and notes |  |  | 8,389 |  |  |  | (81 | ) |  |  | 6,437 |  |  |  | (58 | ) |  |  | 1,952 |  |  |  | (23 | )
Asset-backed securities |  |  | 19,628 |  |  |  | (275 | ) |  |  | 18,359 |  |  |  | (235 | ) |  |  | 1,269 |  |  |  | (40 | )
Certificates of deposit |  |  | 220 |  |  |  | (3 | ) |  |  | 220 |  |  |  | (3 | ) |  |  | — |  |  |  | — |
Equity securities |  |  | 338 |  |  |  | (38 | ) |  |  | — |  |  |  | — |  |  |  | 338 |  |  |  | (38 | )
Other securities |  |  | 5,597 |  |  |  | (97 | ) |  |  | — |  |  |  | — |  |  |  | 5,597 |  |  |  | (97 | )
Total |  | $ | 41,624 |  |  | $ | (665 | ) |  | $ | 30,656 |  |  | $ | (314 | ) |  | $ | 10,968 |  |  | $ | (351 | )
Investment securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligation |  | $ | 5,443 |  |  | $ | (47 | ) |  | $ | 4,614 |  |  | $ | (47 | ) |  | $ | 829 |  |  | $ | — |
Residential mortgage pass-through securities |  |  | 438 |  |  |  | (1 | ) |  |  | 391 |  |  |  | (1 | ) |  |  | 47 |  |  |  | — |
Obligations of U.S. states and political subdivisions |  |  | 7,313 |  |  |  | (46 | ) |  |  | 7,313 |  |  |  | (46 | ) |  |  | — |  |  |  | — |
Corporate bonds and notes |  |  | 2,670 |  |  |  | (78 | ) |  |  | 2,670 |  |  |  | (78 | ) |  |  | — |  |  |  | — |
Total |  | $ | 15,864 |  |  | $ | (172 | ) |  | $ | 14,988 |  |  | $ | (172 | ) |  | $ | 876 |  |  | $ | — |
Total temporarily impaired securities |  | $ | 57,488 |  |  | $ | (837 | ) |  | $ | 45,644 |  |  | $ | (486 | ) |  | $ | 11,844 |  |  | $ | (351 | )
|  | December 31, 2014 |
|  | Total |  |  | Less than 12 Months |  |  | 12 Months or Longer |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
|  | (in thousands) |
Investment securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligation |  | $ | 6,755 |  |  | $ | (50 | ) |  | $ | 2,770 |  |  | $ | (9 | ) |  | $ | 3,985 |  |  | $ | (41 | )
Residential mortgage pass-through securities |  |  | 5,694 |  |  |  | (11 | ) |  |  | 5,694 |  |  |  | (11 | ) |  |  | — |  |  |  | — |
Trust preferred securities |  |  | 1,307 |  |  |  | (269 | ) |  |  | — |  |  |  | — |  |  |  | 1,307 |  |  |  | (269 | )
Corporate bonds and notes |  |  | 1,961 |  |  |  | (11 | ) |  |  | 1,961 |  |  |  | (11 | ) |  |  | — |  |  |  | — |
Asset-backed securities |  |  | 9,773 |  |  |  | (31 | ) |  |  | 9,773 |  |  |  | (31 | ) |  |  | — |  |  |  | — |
Certificates of deposit |  |  | 369 |  |  |  | (2 | ) |  |  | 369 |  |  |  | (2 | ) |  |  | — |  |  |  | — |
Equity securities |  |  | 307 |  |  |  | (69 | ) |  |  | — |  |  |  | — |  |  |  | 307 |  |  |  | (69 | )
Other securities |  |  | 5,417 |  |  |  | (82 | ) |  |  | 1,978 |  |  |  | (21 | ) |  |  | 3,439 |  |  |  | (61 | )
Total |  | $ | 31,583 |  |  | $ | (525 | ) |  | $ | 22,545 |  |  | $ | (85 | ) |  | $ | 9,038 |  |  | $ | (440 | )
Investment securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligation |  | $ | 3,228 |  |  | $ | (28 | ) |  | $ | 3,228 |  |  | $ | (28 | ) |  | $ | — |  |  | $ | — |
Obligations of U.S. states and political subdivisions |  |  | 8,341 |  |  |  | (60 | ) |  |  | 1,401 |  |  |  | (3 | ) |  |  | 6,940 |  |  |  | (57 | )
Corporate bonds and notes |  |  | 993 |  |  |  | (7 | ) |  |  | 993 |  |  |  | (7 | ) |  |  | — |  |  |  | — |
Total |  | $ | 12,562 |  |  | $ | (95 | ) |  | $ | 5,622 |  |  | $ | (38 | ) |  | $ | 6,940 |  |  | $ | (57 | )
Total temporarily impaired securities |  | $ | 44,145 |  |  | $ | (620 | ) |  | $ | 28,167 |  |  | $ | (123 | ) |  | $ | 15,978 |  |  | $ | (497 | )

X
- Definition Schedule of preferred security and associated ratings. + References No definition available. + Details
Name: | cnob_ScheduleOfPreferredSecurityAndAssociatedRatingsTableTextBlock
Namespace Prefix: | cnob_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration