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LOANS (Tables)
 3 Months Ended
Mar. 31, 2016
LOANS [Abstract]  
Schedule of composition of loans categorized by the type of loan
          % of           % of  
    March 31,     Totals     December 31,     Total  
(In thousands)   2016     Loans     2015     Loans  
Residential mortgage   $ 469,084       15.49%     $ 470,869       16.16%  
Multifamily mortgage     1,489,708       49.20       1,416,775       48.63  
Commercial mortgage     414,677       13.70       413,118       14.18  
Commercial loans     554,871       18.33       512,886       17.60  
Construction loans     1,392       0.05       1,401       0.05  
Home equity lines of credit     53,328       1.76       52,649       1.81  
Consumer loans, including fixed                                
   rate home equity loans     44,198       1.46       45,044       1.55  
Other loans     443       0.01       500       0.02  
   Total loans   $ 3,027,701       100.00%     $ 2,913,242       100.00%  
          % of           % of  
    March 31,     Totals     December 31,     Total  
(In thousands)   2016     Loans     2015     Loans  
Primary residential mortgage   $ 499,734       16.52%     $ 483,085       16.59%  
Home equity lines of credit     53,481       1.77       52,804       1.81  
Junior lien loan on residence     10,686       0.35       11,503       0.39  
Multifamily property     1,489,708       49.22       1,416,775       48.66  
Owner-occupied commercial real estate     163,495       5.40       176,276       6.05  
Investment commercial real estate     587,213       19.41       568,849       19.54  
Commercial and industrial     173,299       5.73       154,295       5.30  
Secured by farmland/agricultural                                
   production     177       0.01       179       0.01  
Commercial construction loans     150       0.01       151       0.01  
Consumer and other loans     47,894       1.58       47,635       1.64  
   Total loans   $ 3,025,837       100.00%     $ 2,911,552       100.00%  
Net deferred costs     1,864               1,690          
   Total loans including net deferred costs   $ 3,027,701             $ 2,913,242          
Schedule of loan balances by portfolio segment, based on impairment method, and the corresponding balances in the allowance for loan losses

The activity in the allowance for loan losses for the three months ended March 31, 2016 is summarized below:

    July 1,                       March 31,  
    2016                 Provision     2016  
    Beginning                 (Credit)     Ending  
(In thousands)   ALLL     Charge-offs     Recoveries           ALLL  
Primary residential mortgage   $ 2,297     $ (13 )   $ 14     $ 205     $ 2,503  
Home equity lines of credit     86       —       2       45       133  
Junior lien loan on residence     66       —       17       (70 )     13  
Multifamily property     11,813       —       —       (182 )     11,631  
Owner-occupied commercial real estate     1,679       —       —       4       1,683  
Investment commercial real estate     7,590       (258 )     2       1,193       8,527  
Commercial and industrial     2,209       (3 )     4       481       2,691  
Secured by farmland and agricultural production     2       —       —       —       2  
Commercial construction     2       —       —       —       2  
Consumer and other loans     112       (1 )     1       24       136  
Total ALLL   $ 25,856     $ (275 )   $ 40     $ 1,700     $ 27,321  

 

The activity in the allowance for loan losses for the three months ended September 30, 2014 is summarized below:

    January 1,                       March 31,  
    2015                 Provision     2015  
    Beginning                 (Credit)     Ending  
(In thousands)   ALLL     Charge-offs     Recoveries           ALLL  
Primary residential mortgage   $ 2,923     $ (43 )   $ 66     $ (632 )   $ 2,314  
Home equity lines of credit     156       (100 )     —       41       97  
Junior lien loan on residence     109       —       28       (66 )     71  
Multifamily property     8,983       —       —       (245 )     8,738  
Owner-occupied commercial real estate     1,547       —       11       789       2,347  
Investment commercial real estate     4,751       —       6       1,378       6,135  
Commercial and industrial     880       —       25       106       1,011  
Secured by farmland and agricultural production     4       —       —       (1 )     3  
Commercial construction     31       —       —       (8 )     23  
Consumer and other loans     96       (17 )     10       (12 )     77  
Total ALLL   $ 19,480     $ (160 )   $ 146     $ 1,350     $ 20,816  
    March 31, 2016  
    Total     Ending ALLL     Total     Ending ALLL              
    Loans     Attributable     Loans     Attributable              
    Individually     To Loans     Collectively     To Loans              
    Evaluated     Individually     Evaluated     Collectively           Total  
    For     Evaluated for     For     Evaluated for     Total     Ending  
(In thousands)   Impairment     Impairment     Impairment     Impairment     Loans     ALL  
Primary residential                                                
   mortgage   $ 10,165     $ 297     $ 489,569     $ 2,206     $ 499,734     $ 2,503  
Home equity lines                                                
   of credit     153       —       53,328       133       53,481       133  
Junior lien loan                                                
   on residence     171       —       10,515       13       10,686       13  
Multifamily                                                
   property     —       —       1,489,708       11,631       1,489,708       11,631  
Owner-occupied                                                
  commercial                                                
   real estate     1,264       —       162,231       1,683       163,495       1,683  
Investment                                                
   commercial                                                
   real estate     11,446       58       575,767       8,469       587,213       8,527  
Commercial and                                                
   industrial     136       136       173,163       2,555       173,299       2,691  
Secured by                                                
   farmland and                                                
   agricultural                                                
   production     —       —       177       2       177       2  
Commercial                                                
   construction     —       —       150       2       150       2  
Consumer and                                                
   Other     —       —       47,894       136       47,894       136  
Total ALLL   $ 23,335     $ 491     $ 3,002,502     $ 26,830     $ 3,025,837     $ 27,321  

 

    December 31, 2015  
    Total     Ending ALLL     Total     Ending ALLL              
    Loans     Attributable     Loans     Attributable              
    Individually     To Loans     Collectively     To Loans              
    Evaluated     Individually     Evaluated     Collectively           Total  
    For     Evaluated for     For     Evaluated for     Total     Ending  
(In thousands)   Impairment     Impairment     Impairment     Impairment     Loans     ALLL  
Primary residential                                                
  mortgage   $ 9,752     $ 291     $ 473,333     $ 2,006     $ 483,085     $ 2,297  
Home equity lines                                                
   of credit     254       —       52,550       86       52,804       86  
Junior lien loan                                                
   on residence     176       —       11,327       66       11,503       66  
Multifamily                                                
   Property     —       —       1,416,775       11,813       1,416,775       11,813  
Owner-occupied                                                
   Commercial                                                
   real estate     1,272       —       175,004       1,679       176,276       1,679  
Investment                                                
   commercial                                                
   real estate     11,482       61       557,367       7,529       568,849       7,590  
Commercial and                                                
   Industrial     171       138       154,124       2,071       154,295       2,209  
Secured by                                                
   farmland and                                                
   agricultural production                                                
   production     —       —       179       2       179       2  
Commercial                                                
   construction     —       —       151       2       151       2  
Consumer and                                                
   Other     —       —       47,635       112       47,635       112  
Total ALLL   $ 23,107     $ 490     $ 2,888,445     $ 25,366     $ 2,911,552     $ 25,856  
Schedule of loans individually evaluated for impairment
    March 31, 2016  
    Unpaid                 Average  
    Principal     Recorded     Specific     Impaired  
(In thousands)   Balance     Investment     Reserves     Loans  
With no related allowance recorded:                                
   Primary residential mortgage   $ 9,766     $ 8,160     $ —     $ 7,217  
   Owner-occupied commercial real estate     1,460       1,264       —       1,270  
   Investment commercial real estate     10,812       10,205       —       10,224  
                                 
   Home equity lines of credit     354       153       —       186  
   Junior lien loan on residence     622       171       —       320  
                                 
     Total loans with no related allowance   $ 23,014     $ 19,953     $ —     $ 19,217  
With related allowance recorded:                                
   Primary residential mortgage   $ 2,040     $ 2,005     $ 297     $ 1,671  
   Investment commercial real estate     1,241       1,241       58       1,246  
   Commercial and industrial     179       136       136       148  
     Total loans with related allowance   $ 3,460     $ 3,382     $ 491     $ 3,065  
Total loans individually evaluated for                                
   impairment   $ 26,474     $ 23,335     $ 491     $ 22,282  

 

    December 31, 2015  
    Unpaid                 Average  
    Principal     Recorded     Specific     Impaired  
(In thousands)   Balance     Investment     Reserves     Loans  
With no related allowance recorded:                                
   Primary residential mortgage   $ 8,998     $ 7,782     $ —     $ 5,683  
   Owner-occupied commercial real estate     1,460       1,272       —       1,379  
   Investment commercial real estate     11,099       10,233       —       10,330  
   Commercial and industrial     63       33       —       112  
   Home equity lines of credit     258       254       —       229  
   Junior lien loan on residence     219       176       —       166  
   Consumer and other     —       —       —       1  
     Total loans with no related allowance   $ 22,097     $ 19,750     $ —     $ 17,900  
With related allowance recorded:                                
   Primary residential mortgage   $ 2,090     $ 1,970     $ 291     $ 1,894  
   Investment commercial real estate     1,249       1,249       61       1,266  
   Commercial and industrial     179       138       138       144  
     Total loans with related allowance   $ 3,518     $ 3,357     $ 490     $ 3,304  
Total loans individually evaluated for                                
   impairment   $ 25,615     $ 23,107     $ 490     $ 21,204  
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual
    March 31, 2016  
          Loans Past Due  
          Over 90 Days  
          And Still  
(In thousands)   Nonaccrual     Accruing Interest  
Primary residential mortgage   $ 5,226     $ —  
Home equity lines of credit     129       —  
Junior lien loan on residence     114       —  
Owner-occupied commercial real estate     1,265       —  
Investment commercial real estate     408       —  
Commercial and industrial     136       —  
Total   $ 7,278     $ —  

 

    December 31, 2015  
          Loans Past Due  
          Over 90 Days  
          And Still  
(In thousands)   Nonaccrual     Accruing Interest  
Primary residential mortgage   $ 4,549     $ —  
Home equity lines of credit     229       —  
Junior lien loan on residence     118       —  
Owner-occupied commercial real estate     1,272       —  
Investment commercial real estate     408       —  
Commercial and industrial     171       —  
Consumer and other     —       —  
Total   $ 6,747     $ —  
Schedule of aging of past due loans
March 31, 2016  
      30-59       60-89     Greater Than          
      Days       Days     90 Days       Total  
(In thousands)   Past Due       Past Due     Past Due       Past Due  
Primary residential mortgage   $ 1,240     $ —     $ —     $ 1,240  
Home equity lines of credit     —       145       —       145  
Consumer and other     —       8       —       8  
   Total   $ 1,240     $ 153     $ —     $ 1,393  

 

December 31, 2015  
      30-59       60-89     Greater Than          
      Days       Days     90 Days       Total  
(In thousands)   Past Due       Past Due     Past Due       Past Due  
Primary residential mortgage   $ 1,214     $ 157     $ —     $ 1,371  
Investment commercial real estate     772       —       —       772  
   Total   $ 1,986     $ 157     $ —     $ 2,143  
Schedule of the risk category of loans by class of loans
      Special                                       
(In thousands) Pass     Mention     Substandard       Doubtful  
Primary residential mortgage $ 488,749     $ 679     $ 10,306     $ —  
Home equity lines of credit   53,328       —       153       —  
Junior lien loan on residence     10,515       —       171       —  
Multifamily property     1,480,843       7,677       1,188       —  
Owner-occupied commercial real estate     157,713     917       4,865       —  
Investment commercial real estate     549,068       6,147       31,998       —  
Commercial and industrial     168,128       5,035       136       —  
Farmland     177       —       —       —  
Commercial construction     —       150       —       —  
Consumer and other loans     47,894       —       —       —  
   Total   $ 2,956,415     $ 20,605     $ 48,817     $ —  

As of December 31, 2015, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

      Special                                       
(In thousands) Pass     Mention     Substandard       Doubtful  
Primary residential mortgage $ 471,859     $ 1,332     $ 9,894     $ —  
Home equity lines of credit   52,550       —       254       —  
Junior lien loan on residence     11,327       —       176       —  
Multifamily property     1,407,856       7,718       1,201       —  
Owner-occupied commercial real estate     170,420       928       4,928       —  
Investment commercial real estate     536,479       6,217       26,153       —  
Commercial and industrial     148,940       5,184       171       —  
Farmland     179       —       —       —  
Agricultural production     —       —       —       —  
Commercial construction     —       151       —       —  
Consumer and other loans     47,635       —       —       —  
   Total   $ 2,847,245     $ 21,530     $ 42,777     $ —  
Schedule of loans modified as troubled debt restructurings


          Pre-Modification     Post-Modification  
          Outstanding     Outstanding  
    Number of     Recorded     Recorded  
(Dollars in thousands)   Contracts     Investment     Investment  
Primary residential mortgage     2     $ 1,133     $ 1,133  
   Total     2     $ 1,133     $ 1,133