LOANS (Tables)

12 Months Ended

Dec. 31, 2016

LOANS

Schedule of the major classifications of loans

	December 31,
(In thousands)	2016			2015
Commercial real estate mortgage loans	$	1,016,983		$	999,474
Multi-family mortgage loans		518,146			350,793
Residential real estate mortgage loans		439,653			446,740
Commercial, industrial and agricultural loans		524,450			501,766
Real estate construction and land loans		80,605			91,153
Installment/consumer loans		16,368			17,596
Total loans		2,596,205			2,407,522
Net deferred loan costs and fees		4,235			3,252
Total loans held for investment		2,600,440			2,410,774
Allowance for loan losses		(25,904	)		(20,744	)
Net loans	$	2,574,536		$	2,390,030

Schedule of changes in the allowance for loan losses

	Year Ended December 31, 2016
(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:
Beginning balance	$	7,850		$	4,208	$	2,115		$	5,405		$	1,030		$	136		$	20,744
Charge-offs		—			—		(56	)		(930	)		—			(1	)		(987	)
Recoveries		109			—		96			386			—			6			597
Provision		800			2,056		(194	)		2,976			(75	)		(13	)		5,550
Ending balance	$	8,759		$	6,264	$	1,961		$	7,837		$	955		$	128		$	25,904
	Year Ended December 31, 2015
(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:
Beginning balance	$	6,994		$	2,670	$	2,208		$	4,526		$	1,104		$	135		$	17,637
Charge-offs		(50	)		—		(249	)		(827	)		—			(2	)		(1,128	)
Recoveries		—			—		79			149			—			7			235
Provision		906			1,538		77			1,557			(74	)		(4	)		4,000
Ending balance	$	7,850		$	4,208	$	2,115		$	5,405		$	1,030		$	136		$	20,744
	Year Ended December 31, 2014
(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:
Beginning balance	$	6,279		$	1,597	$	2,712		$	4,006		$	1,206		$	201		$	16,001
Charge-offs		(461	)		—		(257	)		(104	)		—			(2	)		(824	)
Recoveries		—			—		170			87			—			3			260
Provision		1,176			1,073		(417	)		537			(102	)		(67	)		2,200
Ending balance	$	6,994		$	2,670	$	2,208		$	4,526		$	1,104		$	135		$	17,637

Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method

	December 31, 2016
(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	$	—	$	—	$	1
Collectively evaluated for impairment		8,759		6,264		1,961		7,836		955		128		25,903
Loans acquired with deteriorated   credit quality		—		—		—		—		—		—		—
Total allowance for loan losses	$	8,759	$	6,264	$	1,961	$	7,837	$	955	$	128	$	25,904
Loans:
Individually evaluated for impairment	$	1,539	$	—	$	784	$	1,030	$	—	$	—	$	3,353
Collectively evaluated for impairment		1,013,563		514,853		437,999		519,686		80,605		16,368		2,583,074
Loans acquired with deteriorated credit quality		1,881		3,293		870		3,734		—		—		9,778
Total loans	$	1,016,983	$	518,146	$	439,653	$	524,450	$	80,605	$	16,368	$	2,596,205
	December 31, 2015
(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	$	20	$	—	$	—	$	9	$	—	$	—	$	29
Collectively evaluated for impairment		7,830		4,208		2,115		5,396		1,030		136		20,715
Loans acquired with deteriorated   credit quality		—		—		—		—		—		—		—
Total allowance for loan losses	$	7,850	$	4,208	$	2,115	$	5,405	$	1,030	$	136	$	20,744
Loans:
Individually evaluated for impairment	$	1,629	$	—	$	672	$	290	$	—	$	—	$	2,591
Collectively evaluated for impairment		992,137		347,054		444,801		495,074		91,153		17,596		2,387,815
Loans acquired with deteriorated credit quality		5,708		3,739		1,267		6,402		—		—		17,116
Total loans	$	999,474	$	350,793	$	446,740	$	501,766	$	91,153	$	17,596	$	2,407,522

Schedule of loans by class categorized by internally assigned credit risk grades

	December 31, 2016
(In thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Commercial real estate:
Owner occupied	$	404,584	$	18,909	$	722	$	—	$	424,215
Non-owner occupied		569,870		20,035		2,863		—		592,768
Multi-family		518,146		—		—		—		518,146
Residential real estate:
Residential mortgage		372,853		82		1,583		—		374,518
Home equity		64,195		563		377		—		65,135
Commercial and industrial:
Secured		75,837		31,143		2,254		—		109,234
Unsecured		409,879		2,493		2,844		—		415,216
Real estate construction and land loans		80,272		—		333		—		80,605
Installment/consumer loans		16,268		—		100		—		16,368
Total loans	$	2,511,904	$	73,225	$	11,076	$	—	$	2,596,205

	December 31, 2015
(In thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Commercial real estate:
Owner occupied	$	465,967	$	3,239	$	2,115	$	—	$	471,321
Non-owner occupied		519,124		542		8,487		—		528,153
Multi-family		350,785		—		8		—		350,793
Residential real estate:
Residential mortgage		377,482		87		845		—		378,414
Home equity		66,910		523		893		—		68,326
Commercial and industrial:
Secured		121,037		151		2,549		—		123,737
Unsecured		370,642		3,191		4,196		—		378,029
Real estate construction and land loans		91,153		—		—		—		91,153
Installment/consumer loans		17,496		—		100		—		17,596
Total loans	$	2,380,596	$	7,733	$	19,193	$	—	$	2,407,522

Schedule of the aging of the recorded investment in past due loans by class of loans

	December 31, 2016
(In thousands)	30-59 Days Past Due		60-89 Days Past Due		>90 Days Past Due And Accruing		Nonaccrual Including 90 Days or More Past Due		Total Past Due and Nonaccrual		Current		Total Loans
Commercial real estate:
Owner occupied	$	222	$	—	$	467	$	184	$	873	$	423,342	$	424,215
Non-owner occupied		—		—		—		—		—		592,768		592,768
Multi-family		—		—		—		—		—		518,146		518,146
Residential real estate:
Residential mortgages		1,232		—		—		770		2,002		372,516		374,518
Home equity		532		—		238		265		1,035		64,100		65,135
Commercial and industrial:
Secured		27		—		204		—		231		109,003		109,234
Unsecured		115		—		118		22		255		414,961		415,216
Real estate construction and land loans		—		—		—		—		—		80,605		80,605
Installment/consumer loans		28		—		—		—		28		16,340		16,368
Total loans	$	2,156	$	—	$	1,027	$	1,241	$	4,424	$	2,591,781	$	2,596,205
	December 31, 2015
(In thousands)	30-59 Days Past Due		60-89 Days Past Due		>90 Days  Past Due  And  Accruing		Nonaccrual Including 90 Days or More Past Due		Total Past Due and Nonaccrual		Current		Total Loans
Commercial real estate:
Owner occupied	$	—	$	—	$	435	$	631	$	1,066	$	470,255	$	471,321
Non-owner occupied		—		—		—		—		—		528,153		528,153
Multi-family		—		—		—		—		—		350,793		350,793
Residential real estate:
Residential mortgages		939		245		—		62		1,246		377,168		378,414
Home equity		69		100		188		610		967		67,359		68,326
Commercial and industrial:
Secured		—		—		341		—		341		123,396		123,737
Unsecured		128		24		—		44		196		377,833		378,029
Real estate construction and land loans		—		—		—		—		—		91,153		91,153
Installment/consumer loans		—		—		—		3		3		17,593		17,596
Total loans	$	1,136	$	369	$	964	$	1,350	$	3,819	$	2,403,703	$	2,407,522

Schedule of individually impaired loans by class

	December 31, 2016						Year Ended December 31, 2016
(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Allocated Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate:
Owner occupied	$	326	$	538	$	—	$	176	$	10
Non-owner occupied		1,213		1,213		—		614		75
Residential real estate:
Residential mortgages		520		558		—		276		—
Home equity		264		285		—		328		—
Commercial and industrial:
Secured		556		556		—		274		12
Unsecured		408		408		—		227		19
Total with no related allowance recorded		3,287		3,558		—		1,895		116
With an allowance recorded:
Commercial real estate:
Owner occupied		—		—		—		—		—
Non-owner occupied		—		—		—		—		—
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		—		—		—		—		—
Commercial and industrial:
Secured		—		—		—		—		—
Unsecured		66		66		1		43		7
Total with an allowance recorded		66		66		1		43		7
Total:
Commercial real estate:
Owner occupied		326		538		—		176		10
Non-owner occupied		1,213		1,213		—		614		75
Residential real estate:
Residential mortgages		520		558		—		276		—
Home equity		264		285		—		328		—
Commercial and industrial:
Secured		556		556		—		274		12
Unsecured		474		474		1		270		26
Total	$	3,353	$	3,624	$	1	$	1,938	$	123

	December 31, 2015						Year Ended December 31, 2015
(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Allocated Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate:
Owner occupied	$	384	$	564	$	—	$	412	$	10
Non-owner occupied		927		928		—		938		62
Residential real estate:
Residential mortgages		62		73		—		66		—
Home equity		610		700		—		631		—
Commercial and industrial:
Secured		96		96		—		93		6
Unsecured		—		—		—		—		—
Total with no related allowance recorded		2,079		2,361		—		2,140		78
With an allowance recorded:
Commercial real estate:
Owner occupied		—		—		—		—		—
Non-owner occupied		318		318		20		320		15
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		—		—		—		—		—
Commercial and industrial:
Secured		—		—		—		—		—
Unsecured		194		194		9		223		17
Total with an allowance recorded		512		512		29		543		32
Total:
Commercial real estate:
Owner occupied		384		564		—		412		10
Non-owner occupied		1,245		1,246		20		1,258		77
Residential real estate:
Residential mortgages		62		73		—		66		—
Home equity		610		700		—		631		—
Commercial and industrial:
Secured		96		96		—		93		6
Unsecured		194		194		9		223		17
Total	$	2,591	$	2,873	$	29	$	2,683	$	110

	December 31, 2014						Year Ended December 31, 2014
(In thousands)	Recorded Investment		Unpaid Principal Balance		Related Allocated Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate:
Owner occupied	$	3,562	$	3,707	$	—	$	3,974	$	113
Non-owner occupied		1,251		1,568		—		961		63
Residential real estate:
Residential mortgages		143		231		—		199		—
Home equity		169		377		—		229		—
Commercial and industrial:
Secured		345		345		—		354		25
Unsecured		—		—		—		—		—
Total with no related allowance recorded		5,470		6,228		—		5,717		201
With an allowance recorded:
Commercial real estate:
Owner occupied		—		—		—		—		—
Non-owner occupied		323		323		23		27		—
Residential real estate:
Residential mortgages		—		—		—		—		—
Home equity		71		89		72		75		13
Commercial and industrial:
Secured		—		—		—		—		—
Unsecured		337		339		79		206		—
Total with an allowance recorded		731		751		174		308		13
Total:
Commercial real estate:
Owner occupied		3,562		3,707		—		3,974		113
Non-owner occupied		1,574		1,891		23		988		63
Residential real estate:
Residential mortgages		143		231		—		199		—
Home equity		240		466		72		304		13
Commercial and industrial:
Secured		345		345		—		354		25
Unsecured		337		339		79		206		—
Total	$	6,201	$	6,979	$	174	$	6,025	$	214

Schedule of loans receivable by class modified as troubled debt restructuring

	Modifications During the Years Ended December 31,
	2016						2015						2014
(Dollars in thousands)	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate:
Owner occupied		—	$	—	$	—		—	$	—	$	—		—	$	—	$	—
Non-owner occupied		—		—		—		—		—		—		1		323		323
Residential real estate:
Residential mortgages		1		252		252		—		—		—		—		—		—
Home equity		1		69		69		—		—		—		1		127		127
Commercial and industrial:
Secured		3		459		459		—		—		—		—		—		—
Unsecured		1		525		525		3		160		160		1		127		127
Installment/consumer loans		—		—		—		—		—		—		1		5		5
Total		6	$	1,305	$	1,305		3	$	160	$	160		4	$	582	$	582

Summary of activity in the accretable yield for the purchased credit impaired loans

	Year Ended December 31,
(In thousands)	2016			2015
Balance at beginning of period	$	7,113		$	8,432
Accretable discount arising from acquisition of PCI loans		—			259
Accretion		(4,924	)		(3,570	)
Reclassification from nonaccretable difference during the period		4,492			1,992
Other		234			—
Accretable discount at end of period	$	6,915		$	7,113

Schedule of selected information about related party loans

(In thousands)	Balance Outstanding
Balance at January 1, 2016	$	22,789
New loans		1,901
Repayments		(2,574	)
Balance at December 31, 2016	$	22,116