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041 - Disclosure - FAIR VALUE MEASUREMENTS (Tables)
(http://www.theprovidentbank.com/role/FairValueMeasurementsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Fair Value Disclosures [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Fair Value Disclosures [Abstract]
 
Schedule of financial instruments measured at fair value on a recurring basis
​ ​ ​
Fair Value Measurements at Reporting Date Using
​
(In thousands)
​ ​
Total
​ ​
Quoted Prices in 
Active Markets for 
Identical Assets 
Level 1
​ ​
Significant 
Other Observable 
Inputs 
Level 2
​ ​
Significant 
Unobservable 
Inputs 
Level 3
​
December 31, 2016 ​ ​ ​ ​ ​
State and municipal
​ ​ ​ $ 50,580 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 50,580 ​ ​ ​ ​ $ — ​ ​
Corporate debt
​ ​ ​ ​ 1,031 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,031 ​ ​ ​ ​ ​ — ​ ​
Asset-backed securities
​ ​ ​ ​ 8,678 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 8,678 ​ ​ ​ ​ ​ — ​ ​
Mortgage-backed securities
​ ​ ​ ​ 41,914 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 41,914 ​ ​ ​ ​ ​ — ​ ​
Trust preferred securities
​ ​ ​ ​ 968 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 968 ​ ​
Marketable equity securities
​ ​ ​ ​ 14,696 ​ ​ ​ ​ ​ 14,696 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Totals
​ ​ ​ $ 117,867 ​ ​ ​ ​ $ 14,696 ​ ​ ​ ​ $ 102,203 ​ ​ ​ ​ $ 968 ​ ​
December 31, 2015 ​ ​ ​ ​ ​
U.S. Government and federal agency
​ ​ ​ $ 2,033 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2,033 ​ ​ ​ ​ $ — ​ ​
State and municipal
​ ​ ​ ​ 3,682 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,682 ​ ​ ​ ​ ​ — ​ ​
Corporate debt
​ ​ ​ ​ 1,071 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,071 ​ ​ ​ ​ ​ — ​ ​
Asset-backed securities
​ ​ ​ ​ 9,624 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,624 ​ ​ ​ ​ ​ — ​ ​
Government mortgage-backed securities
​ ​ ​ ​ 52,812 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 52,812 ​ ​ ​ ​ ​ — ​ ​
Trust preferred securities
​ ​ ​ ​ 1,116 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,116 ​ ​
Marketable equity securities
​ ​ ​ ​ 10,646 ​ ​ ​ ​ ​ 10,646 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Totals
​ ​ ​ $ 80,984 ​ ​ ​ ​ $ 10,646 ​ ​ ​ ​ $ 69,222 ​ ​ ​ ​ $ 1,116 ​ ​
​
 
 
Schedule of summary of activity for Level 3 financial instruments measured at fair value on a recurring basis
(In thousands)
​ ​
Available for 
Sale Securities
​
Balance beginning January 1, 2015
​ ​ ​ $ 1,122 ​ ​
Total gains or (losses) (realized/unrealized)
​ ​
Included in earnings
​ ​ ​ ​ — ​ ​
Included in other comprehensive income
​ ​ ​ ​ 128 ​ ​
Paydowns
​ ​ ​ ​ (134) ​ ​
Ending balance, December 31, 2015
​ ​ ​
$
1,116
​ ​
Balance beginning January 1, 2016
​ ​ ​
$
1,116
​ ​
Total gains or (losses) (realized/unrealized)
​ ​
Included in earnings
​ ​ ​ ​ — ​ ​
Included in other comprehensive income
​ ​ ​ ​ (148) ​ ​
Paydowns
​ ​ ​ ​ — ​ ​
Ending balance, December 31, 2016
​ ​ ​ $ 968 ​ ​
​
 
 
Schedule of financial instruments measured at fair value on a nonrecurring basis
​ ​ ​
Fair Value Measurements at Reporting Date Using:
​
(In thousands)
​ ​
Total
​ ​
Quoted Prices in 
Active Markets for 
Identical Assets 
Level 1
​ ​
Significant 
Other Observable 
Inputs 
Level 2
​ ​
Significant 
Unobservable 
Inputs 
Level 3
​
December 31, 2016 ​ ​ ​ ​ ​
Impaired loans
​ ​ ​ $ 815 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 815 ​ ​
December 31, 2015 ​ ​ ​ ​ ​
Impaired loans
​ ​ ​ $ 606 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 606 ​ ​
 
 
Schedule of summary of the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis
(In thousands)
​ ​
Fair Value
​ ​
Valuation Technique
​ ​
Unobservable Input
​ ​
Range 
(Weighted 
Average)
​
December 31, 2016 ​ ​ ​ ​ ​
Impaired loans
​ ​ ​ $ 815 ​ ​ ​
Real estate appraisals​
​ ​
Discount for dated appraisals​
​ ​ ​ ​ 6 – 10% ​ ​
December 31, 2015 ​ ​ ​ ​ ​
Impaired loans
​ ​ ​ $ 606 ​ ​ ​
Real estate appraisals​
​ ​
Discount for dated appraisals​
​ ​ ​ ​ 6 – 10% ​ ​