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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 6 Months Ended
Jun. 30, 2015
Loans and Leases Receivable Disclosure [Abstract]  
Composition of Loan Portfolio, Excluding Residential Loans Held for Sale
The composition of the Company’s loan portfolio, excluding residential loans held for sale, at June 30, 2015 and December 31, 2014 was as follows:   
 
June 30,
2015
 
December 31,
2014
Residential real estate
$
587,720

 
$
585,996

Commercial real estate
660,135

 
640,661

Commercial
262,187

 
257,515

Home equity
281,057

 
271,709

Consumer
16,384

 
17,257

Net deferred fees
(476
)
 
(528
)
Total
$
1,807,007

 
$
1,772,610
Summary of Activity in Allowance for Loan Losses
The following table presents the activity in the ALL and select loan information by portfolio segment for the three and six months ended June 30, 2015 and 2014, and for the year ended December 31, 2014: 
 
Residential 
Real Estate
 
Commercial 
Real Estate
 
Commercial
 
Home
Equity
 
Consumer
 
Unallocated
 
Total
For The Three and Six Months Ended
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
ALL for the three months ended:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
4,835

 
$
4,761

 
$
6,900

 
$
2,247

 
$
270

 
$
2,252

 
$
21,265

Loans charged off
(179
)
 
(48
)
 
(84
)
 
(152
)
 
(11
)
 
—

 
(474
)
Recoveries
17

 
54

 
78

 
—

 
3

 
—

 
152

Provision (benefit)(1)
16

 
(69
)
 
(117
)
 
49

 
6

 
366

 
251

Ending balance
$
4,689

 
$
4,698

 
$
6,777

 
$
2,144

 
$
268

 
$
2,618

 
$
21,194

ALL for the six months ended:
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
4,899

 
$
4,482

 
$
6,823

 
$
2,247

 
$
281

 
$
2,384

 
$
21,116

Loans charged off
(292
)
 
(103
)
 
(243
)
 
(241
)
 
(19
)
 
—

 
(898
)
Recoveries
20

 
64

 
182

 
5

 
14

 
—

 
285

Provision (benefit)(1)
62

 
255

 
15

 
133

 
(8
)
 
234

 
691

Ending balance
$
4,689

 
$
4,698

 
$
6,777

 
$
2,144

 
$
268

 
$
2,618

 
$
21,194

ALL balance attributable to loans:
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
1,044

 
$
336

 
$
262

 
$
343

 
$
99

 
$
—

 
$
2,084

Collectively evaluated for impairment
3,645

 
4,362

 
6,515

 
1,801

 
169

 
2,618

 
19,110

Total ending ALL
$
4,689

 
$
4,698

 
$
6,777

 
$
2,144

 
$
268

 
$
2,618

 
$
21,194

Loans:
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
7,937

 
$
4,344

 
$
1,768

 
$
1,706

 
$
251

 
$
—

 
$
16,006

Collectively evaluated for impairment
579,307

 
655,791

 
260,419

 
279,351

 
16,133

 
—

 
1,791,001

Total ending loans balance
$
587,244

 
$
660,135

 
$
262,187

 
$
281,057

 
$
16,384

 
$
—

 
$
1,807,007

 
Residential 
Real Estate
 
Commercial 
Real Estate
 
Commercial
 
Home
Equity
 
Consumer
 
Unallocated
 
Total
For The Three and Six Months Ended
June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
ALL for the three months ended:
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
5,411

 
$
4,528

 
$
6,292

 
$
2,673

 
$
310

 
$
2,456

 
$
21,670

Loans charged off
(178
)
 
(5
)
 
(307
)
 
(44
)
 
(26
)
 
—

 
(560
)
Recoveries
42

 
11

 
73

 
8

 
12

 
—

 
146

Provision (benefit)(1)
(134
)
 
(173
)
 
426

 
115

 
22

 
393

 
649

Ending balance
$
5,141

 
$
4,361

 
$
6,484

 
$
2,752

 
$
318

 
$
2,849

 
$
21,905

ALL for the six months ended:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
5,603

 
$
4,374

 
$
6,220

 
$
2,403

 
$
319

 
$
2,671

 
$
21,590

Loans charged off
(361
)
 
(176
)
 
(526
)
 
(106
)
 
(40
)
 
—

 
(1,209
)
Recoveries
134

 
50

 
169

 
11

 
19

 
—

 
383

Provision (benefit)(1)
(235
)
 
113

 
621

 
444

 
20

 
178

 
1,141

Ending balance
$
5,141

 
$
4,361

 
$
6,484

 
$
2,752

 
$
318

 
$
2,849

 
$
21,905

ALL balance attributable to loans:
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
1,346

 
$
397

 
$
578

 
$
805

 
$
138

 
$
—

 
$
3,264

Collectively evaluated for impairment
3,795

 
3,964

 
5,906

 
1,947

 
180

 
2,849

 
18,641

Total ending ALL
$
5,141

 
$
4,361

 
$
6,484

 
$
2,752

 
$
318

 
$
2,849

 
$
21,905

Loans:
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
11,782

 
$
7,334

 
$
4,272

 
$
2,142

 
$
433

 
$
—

 
$
25,963

Collectively evaluated for impairment
555,377

 
596,806

 
229,587

 
271,637

 
17,395

 
—

 
1,670,802

Total ending loans balance
$
567,159

 
$
604,140

 
$
233,859

 
$
273,779

 
$
17,828

 
$
—

 
$
1,696,765

For The Year Ended
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
ALL:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
5,603

 
$
4,374

 
$
6,220

 
$
2,403

 
$
319

 
$
2,671

 
$
21,590

Loans charged off
(785
)
 
(361
)
 
(1,544
)
 
(611
)
 
(143
)
 
—

 
(3,444
)
Recoveries
165

 
135

 
395

 
19

 
32

 
—

 
746

Provision (benefit)(1)
(84
)
 
334

 
1,752

 
436

 
73

 
(287
)
 
2,224

Ending balance
$
4,899

 
$
4,482

 
$
6,823

 
$
2,247

 
$
281

 
$
2,384

 
$
21,116

ALL balance attributable to loans:
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
1,220

 
$
251

 
$
168

 
$
496

 
$
104

 
$
—

 
$
2,239

Collectively evaluated for impairment
3,679

 
4,231

 
6,655

 
1,751

 
177

 
2,384

 
18,877

Total ending ALL
$
4,899

 
$
4,482

 
$
6,823

 
$
2,247

 
$
281

 
$
2,384

 
$
21,116

Loans:
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
9,656

 
$
7,658

 
$
1,853

 
$
1,741

 
$
271

 
$
—

 
$
21,179

Collectively evaluated for impairment
575,812

 
633,003

 
255,662

 
269,968

 
16,986

 
—

 
1,751,431

Total ending loans balance
$
585,468

 
$
640,661

 
$
257,515

 
$
271,709

 
$
17,257

 
$
—

 
$
1,772,610


(1) The provision (benefit) for loan losses excludes any impact for the change in the reserve for unfunded commitments, which represents management's estimate of the amount required to reflect the probable inherent losses on outstanding letters of credit and unused lines of credit. The reserve for unfunded commitments is presented within accrued interest and other liabilities on the consolidated statement of condition. At June 30, 2015 and 2014, and December 31, 2014, the reserve for unfunded commitments was $26,000, $16,000 and $17,000, respectively.
Schedule of Provision for Credit Losses [Table Text Block]
The following table reconciles the three and six months ended June 30, 2015 and 2014, and year ended December 31, 2014 provision for loan losses to the provision for credit losses as presented on the consolidated statement of income:
 
 
Three Months Ended
June 30,
 
Six Months Ended 
 June 30,
 
Year Ended December 31,
 
 
2015
 
2014
 
2015
 
2014
 
2014
Provision for loan losses
 
$
251

 
$
649

 
$
691

 
$
1,141

 
$
2,224

Change in reserve for unfunded commitments
 
3

 
(6
)
 
9

 
(5
)
 
(4
)
Provision for credit losses
 
$
254

 
$
643

 
$
700

 
$
1,136

 
$
2,220
Credit Risk Exposure Indicators by Portfolio Segment
The following table summarizes credit risk exposure indicators by portfolio segment as of the following dates:
 
 
Residential 
Real Estate
 
Commercial 
Real Estate
 
Commercial
 
Home
Equity
 
Consumer
 
Total
June 30, 2015
 
 

 
 

 
 

 
 

 
 

 
 
Pass (Grades 1-6)
 
$
576,814

 
$
617,517

 
$
249,918

 
$
—

 
$
—

 
$
1,444,249

Performing
 
—

 
—

 
—

 
279,351

 
16,133

 
295,484

Special Mention (Grade 7)
 
2,618

 
20,807

 
7,231

 
—

 
—

 
30,656

Substandard (Grade 8)
 
7,812

 
21,811

 
5,038

 
—

 
—

 
34,661

Non-performing
 
—

 
—

 
—

 
1,706

 
251

 
1,957

Total
 
$
587,244

 
$
660,135

 
$
262,187

 
$
281,057

 
$
16,384

 
$
1,807,007

December 31, 2014
 
 

 
 

 
 

 
 

 
 

 
 
Pass (Grades 1-6)
 
$
572,589

 
$
606,387

 
$
244,930

 
$
—

 
$
—

 
$
1,423,906

Performing
 
—

 
—

 
—

 
269,968

 
16,986

 
286,954

Special Mention (Grade 7)
 
3,579

 
4,690

 
6,023

 
—

 
—

 
14,292

Substandard (Grade 8)
 
9,300

 
29,584

 
6,562

 
—

 
—

 
45,446

Non-performing
 
—

 
—

 
—

 
1,741

 
271

 
2,012

Total
 
$
585,468

 
$
640,661

 
$
257,515

 
$
271,709

 
$
17,257

 
$
1,772,610
Loan Aging Analysis by Portfolio Segment (Including Loans Past Due Over Ninety Days and Non Accrual Loans) and Summary of Non Accrual Loans, Which Include Troubled Debt Restructured Loans, and Loans Past Due Over Ninety Days and Accruing
The following is a loan aging analysis by portfolio segment (including loans past due over 90 days and non-accrual loans) and a summary of non-accrual loans, which include TDRs, and loans past due over 90 days and accruing as of the following dates:
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Greater
than
90 Days
 
Total
Past Due
 
Current
 
Total Loans
Outstanding
 
Loans > 90
Days Past
Due and
Accruing
 
Non-Accrual
Loans
June 30, 2015
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential real estate
$
1,192

 
$
107

 
$
3,506

 
$
4,805

 
$
582,439

 
$
587,244

 
$
—

 
$
4,498

Commercial real estate
518

 
281

 
2,114

 
2,913

 
657,222

 
660,135

 
—

 
2,813

Commercial
607

 
261

 
1,178

 
2,046

 
260,141

 
262,187

 
—

 
1,425

Home equity
842

 
313

 
1,136

 
2,291

 
278,766

 
281,057

 
—

 
1,706

Consumer
44

 
—

 
251

 
295

 
16,089

 
16,384

 
—

 
251

Total
$
3,203

 
$
962

 
$
8,185

 
$
12,350

 
$
1,794,657

 
$
1,807,007

 
$
—

 
$
10,693

December 31, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential real estate
$
1,206

 
$
426

 
$
4,531

 
$
6,163

 
$
579,305

 
$
585,468

 
$
—

 
$
6,056

Commercial real estate
1,696

 
—

 
3,791

 
5,487

 
635,174

 
640,661

 
—

 
7,043

Commercial
456

 
269

 
1,139

 
1,864

 
255,651

 
257,515

 
—

 
1,529

Home equity
889

 
88

 
1,129

 
2,106

 
269,603

 
271,709

 
—

 
1,741

Consumer
28

 
—

 
254

 
282

 
16,975

 
17,257

 
—

 
271

Total
$
4,275

 
$
783

 
$
10,844

 
$
15,902

 
$
1,756,708

 
$
1,772,610

 
$
—

 
$
16,640
Troubled Debt Restructuring and Specific Reserve Related to TDRs [Table Text Block]
The following is a summary of TDRs, by portfolio segment, and the associated specific reserve included within the ALL as of:
 
 
Number of Contracts
 
Recorded Investment
 
Specific Reserve
 
 
June 30,
2015
 
December 31, 2014
 
June 30,
2015
 
December 31, 2014
 
June 30,
2015
 
December 31, 2014
Residential real estate
 
22

 
24

 
$
3,551

 
$
3,786

 
$
592

 
$
635

Commercial real estate
 
7

 
7

 
1,785

 
1,702

 
7

 
—

Commercial
 
9

 
9

 
421

 
426

 
10

 
10

Consumer and home equity
 
1

 
1

 
27

 
29

 
—

 
—

Total
 
39

 
41

 
$
5,784

 
$
5,943

 
$
609

 
$
645
Summary of All Troubled Debt Restructuring Loans (Accruing and Non Accruing) by Portfolio Segment
The following represents loan modifications that occurred during the six months ended June 30, 2015 and 2014 that qualify as TDRs, by portfolio segment, and the associated specific reserve included within the ALL:
 
 
Number of Contracts
 
Pre-Modification
Outstanding
Recorded Investment
 
Post-Modification
Outstanding
Recorded Investment
 
Specific Reserve
 
 
June 30,
2015
 
June 30,
2014
 
June 30,
2015
 
June 30,
2014
 
June 30,
2015
 
June 30,
2014
 
June 30,
2015
 
June 30,
2014
For the six months ended:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
—

 
1

 
$
—

 
$
136

 
$
—

 
$
149

 
$
—

 
$
45

Total
 
—

 
1

 
$
—

 
$
136

 
$
—

 
$
149

 
$
—

 
$
45
Summary of Impaired Loan Balances and Associated Allowance by Portfolio Segment
The following is a summary of impaired loan balances and associated allowance by portfolio segment as of and for the three and six months ended June 30, 2015 and 2014:
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized(1)
 
Average
Recorded
Investment
 
Interest
Income
Recognized
June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 

 
 

 
 

 
 

 
 

 
 
 
 
Residential real estate
$
6,486

 
$
6,486

 
$
1,044

 
$
7,618

 
$
27

 
$
7,262

 
$
56

Commercial real estate
1,778

 
1,811

 
336

 
2,161

 
—

 
2,080

 
—

Commercial
1,185

 
1,185

 
262

 
1,320

 
1

 
1,272

 
1

Home equity
1,023

 
1,023

 
343

 
1,410

 
—

 
1,198

 
—

Consumer
234

 
235

 
99

 
248

 
—

 
242

 
—

Ending Balance
10,706

 
10,740

 
2,084

 
12,757

 
28

 
12,054

 
57

Without an allowance recorded:
 

 
 

 
 

 
 

 
 

 
 
 
 
Residential real estate
1,451

 
1,865

 
—

 
1,774

 
2

 
1,663

 
4

Commercial real estate
2,566

 
2,656

 
—

 
3,102

 
27

 
2,769

 
35

Commercial
583

 
712

 
—

 
503

 
4

 
544

 
8

Home equity
683

 
927

 
—

 
303

 
—

 
474

 
—

Consumer
17

 
37

 
—

 
17

 
—

 
17

 
—

Ending Balance
5,300

 
6,197

 
—

 
5,699

 
33

 
5,467

 
47

Total impaired loans
$
16,006

 
$
16,937

 
$
2,084

 
$
18,456

 
$
61

 
$
17,521

 
$
104

June 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 

 
 

 
 

 
 

 
 

 
 
 
 
Residential real estate
$
8,964

 
$
8,964

 
$
1,346

 
$
9,653

 
$
35

 
$
10,273

 
$
64

Commercial real estate
5,734

 
5,734

 
397

 
6,371

 
(4
)
 
6,812

 
1

Commercial
3,886

 
3,886

 
578

 
3,273

 
5

 
2,618

 
10

Home equity
1,704

 
1,704

 
805

 
1,671

 
—

 
1,614

 
—

Consumer
416

 
416

 
138

 
417

 
—

 
422

 
—

Ending Balance
20,704

 
20,704

 
3,264

 
21,385

 
36

 
21,739

 
75

Without an allowance recorded:
 

 
 

 
 

 
 

 
 

 
 
 
 
Residential real estate
2,818

 
3,177

 
—

 
2,924

 
(2
)
 
2,634

 
3

Commercial real estate
1,600

 
1,984

 
—

 
1,466

 
19

 
1,601

 
29

Commercial
386

 
478

 
—

 
387

 
1

 
478

 
2

Home equity
438

 
645

 
—

 
425

 
—

 
421

 
—

Consumer
17

 
37

 
—

 
17

 
—

 
17

 
—

Ending Balance
5,259

 
6,321

 
—

 
5,219

 
18

 
5,151

 
34

Total impaired loans
$
25,963

 
$
27,025

 
$
3,264

 
$
26,604

 
$
54

 
$
26,890

 
$
109

(1) Negative interest income represents the re-allocation of income between "with an allowance recorded" and "without an allowance recorded" (or vice versa) during the period.
The following is a summary of impaired loan balances and associated allowance by portfolio segment as of and for the year ended December 31, 2014:
 
 
 
 
 
 
 
Year Ended
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With an allowance recorded:
 
 
 

 
 

 
 

 
 

Residential real estate
$
7,713

 
$
7,713

 
$
1,220

 
$
9,524

 
$
125

Commercial real estate
3,419

 
3,419

 
251

 
4,911

 
—

Commercial
1,390

 
1,390

 
168

 
2,466

 
8

Home equity
1,410

 
1,410

 
496

 
1,545

 
—

Consumer
254

 
254

 
104

 
358

 
—

Ending Balance
14,186

 
14,186

 
2,239

 
18,804

 
133

Without an allowance recorded:
  

 
  

 
  

 
  

 
  

Residential real estate
1,943

 
2,604

 
—

 
2,257

 
13

Commercial real estate
4,239

 
4,502

 
—

 
2,869

 
59

Commercial
463

 
606

 
—

 
791

 
11

Home equity
331

 
581

 
—

 
399

 
—

Consumer
17

 
37

 
—

 
21

 
—

Ending Balance
6,993

 
8,330

 
—

 
6,337

 
83

Total impaired loans
$
21,179

 
$
22,516

 
$
2,239

 
$
25,141

 
$
216