ALLOWANCE FOR LOAN LOSSES

6 Months Ended

Jun. 30, 2018

Allowance For Loan Losses Disclosure [Abstract]

ALLOWANCE FOR LOAN LOSSES

7. ALLOWANCE FOR LOAN LOSSES

The following tables represent the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment, as defined under FASB ASC 310-10, and based on impairment method as of June 30, 2018 and December 31, 2017. The tables include loans acquired from CNB and FNBNY.

	June 30, 2018
(In thousands)	Commercial Real Estate Mortgage Loans		Multi- Family Loans		Residential Real Estate Mortgage Loans		Commercial, Industrial and Agricultural Loans		Real Estate Construction and Land Loans		Installment/ Consumer Loans		Total
Allowance for loan losses:
Individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Collectively evaluated for impairment		11,206		2,466		4,237		12,358		1,263		122		31,652
Loans acquired with deteriorated credit quality		-		-		-		-		-		-		-
Total allowance for loan losses	$	11,206	$	2,466	$	4,237	$	12,358	$	1,263	$	122	$	31,652
Loans:
Individually evaluated for impairment	$	1,449	$	-	$	-	$	13,851	$	-	$	-	$	15,300
Collectively evaluated for impairment		1,326,498		570,067		509,693		615,808		116,899		20,051		3,159,016
Loans acquired with deteriorated credit quality		-		603		610		247		-		-		1,460
Total loans	$	1,327,947	$	570,670	$	510,303	$	629,906	$	116,899	$	20,051	$	3,175,776

	December 31, 2017
(In thousands)	Commercial Real Estate Mortgage Loans		Multi- Family Loans		Residential Real Estate Mortgage Loans		Commercial, Industrial and Agricultural Loans		Real Estate Construction and Land Loans		Installment/ Consumer Loans		Total
Allowance for loan losses:
Individually evaluated for impairment	$	-	$	-	$	-	$	1,708	$	-	$	-	$	1,708
Collectively evaluated for impairment		11,048		4,521		2,438		11,130		740		122		29,999
Loans acquired with deteriorated credit quality		-		-		-		-		-		-		-
Total allowance for loan losses	$	11,048	$	4,521	$	2,438	$	12,838	$	740	$	122	$	31,707
Loans:
Individually evaluated for impairment	$	11,162	$	-	$	100	$	11,230	$	-	$	-	$	22,492
Collectively evaluated for impairment		1,281,837		593,645		463,575		604,329		107,759		21,041		3,072,186
Loans acquired with deteriorated credit quality		907		1,635		589		444		-		-		3,575
Total loans	$	1,293,906	$	595,280	$	464,264	$	616,003	$	107,759	$	21,041	$	3,098,253

The following tables represent the changes in the allowance for loan losses for the three and six months ended June 30, 2018, and 2017, by portfolio segment, as defined under FASB ASC 310-10. The portfolio segments represent the categories that the Bank uses to determine its allowance for loan losses.

	Three Months Ended June 30, 2018
										Commercial,
	Commercial						Residential			Industrial			Real Estate
	Real Estate			Multi-			Real Estate			and			Construction		Installment/
	Mortgage			Family			Mortgage			Agricultural			and Land		Consumer
(In thousands)	Loans			Loans			Loans			Loans			Loans		Loans		Total
Allowance for loan losses:
Beginning balance	$	11,334		$	3,002		$	3,495		$	14,055		$	821	$	105	$	32,812
Charge-offs		-			-			(24	)		(1,708	)		-		-		(1,732	)
Recoveries		-			-			-			171			-		1		172
Provision		(128	)		(536	)		766			(160	)		442		16		400
Ending balance	$	11,206		$	2,466		$	4,237		$	12,358		$	1,263	$	122	$	31,652

	Three Months Ended June 30, 2017
								Commercial,
	Commercial					Residential		Industrial			Real Estate
	Real Estate		Multi-			Real Estate		and			Construction			Installment/
	Mortgage		Family			Mortgage		Agricultural			and Land			Consumer
(In thousands)	Loans		Loans			Loans		Loans			Loans			Loans			Total
Allowance for loan losses:
Beginning balance	$	8,357	$	6,480		$	1,415	$	9,198		$	1,058		$	110		$	26,618
Charge-offs		-		-			-		(33	)		-			-			(33	)
Recoveries		-		-			1		8			-			-			9
Provision		2,222		(1,634	)		70		797			(481	)		(24	)		950
Ending balance	$	10,579	$	4,846		$	1,486	$	9,970		$	577		$	86		$	27,544

	Six Months Ended June 30, 2018
									Commercial,
	Commercial					Residential			Industrial			Real Estate
	Real Estate		Multi-			Real Estate			and			Construction		Installment/
	Mortgage		Family			Mortgage			Agricultural			and Land		Consumer
(In thousands)	Loans		Loans			Loans			Loans			Loans		Loans			Total
Allowance for loan losses:
Beginning balance	$	11,048	$	4,521		$	2,438		$	12,838		$	740	$	122		$	31,707
Charge-offs		-		-			(24	)		(1,708	)		-		-			(1,732	)
Recoveries		-		-			1			475			-		1			477
Provision		158		(2,055	)		1,822			753			523		(1	)		1,200
Ending balance	$	11,206	$	2,466		$	4,237		$	12,358		$	1,263	$	122		$	31,652

	Six Months Ended June 30, 2017
									Commercial,
	Commercial					Residential			Industrial			Real Estate
	Real Estate		Multi-			Real Estate			and			Construction			Installment/
	Mortgage		Family			Mortgage			Agricultural			and Land			Consumer
(In thousands)	Loans		Loans			Loans			Loans			Loans			Loans			Total
Allowance for loan losses:
Beginning balance	$	9,225	$	6,264		$	1,495		$	7,837		$	955		$	128		$	25,904
Charge-offs		-		-			-			(128	)		-			-			(128	)
Recoveries		-		-			2			15			-			1			18
Provision		1,354		(1,418	)		(11	)		2,246			(378	)		(43	)		1,750
Ending balance	$	10,579	$	4,846		$	1,486		$	9,970		$	577		$	86		$	27,544