Acquisition of Stewardship Financial Corporation	9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]
Acquisition of Stewardship Financial Corporation	Acquisition of Stewardship Financial Corporation On November 1, 2019, the Company completed its previously announced acquisition of Stewardship Financial Corporation (“Stewardship”), pursuant to the Agreement and Plan of Merger, dated as of June 6, 2019 (the “Merger Agreement”), by and between the Company, Broadway Acquisition Corp., a wholly owned subsidiary of the Company (“Merger Sub”), and Stewardship. Under the terms of the Merger Agreement, Merger Sub merged (the “First-Step Merger”) with and into Stewardship, with Stewardship as the surviving entity, and immediately following the effective time of the First-Step Merger, Stewardship merged with and into the Company, with the Company as the surviving entity (together with the First-Step Merger, the “Merger”). Immediately following 16. Acquisition of Stewardship Financial Corporation (continued) the consummation of the Merger, Atlantic Stewardship Bank, a wholly owned subsidiary of Stewardship, merged with and into Columbia Bank, a wholly owned subsidiary of Columbia, with Columbia Bank as the surviving bank. Under the terms of the Merger Agreement, at the effective time of the merger, each outstanding share of Stewardship common stock was converted into the right to receive $15.75 in cash. Merger-related expenses which are recorded in the consolidated statements of income and include costs relating to the Company's acquisition of Stewardship, represent one-time costs associated with acquisition activities and do not represent ongoing costs of the fully integrated combined organization. Accounting guidance requires that acquisition-related transactional and restructuring costs incurred by the Company be charged to expense as incurred. Based on the closing date of November 1, 2019, the Company's unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q do not reflect the changes attributable to the Company's acquisition of Stewardship.

Acquisition of Stewardship Financial Corporation

On November 1, 2019, the Company completed its previously announced acquisition of Stewardship Financial Corporation (“Stewardship”), pursuant to the Agreement and Plan of Merger, dated as of June 6, 2019 (the “Merger Agreement”), by and between the Company, Broadway Acquisition Corp., a wholly owned subsidiary of the Company (“Merger Sub”), and Stewardship.

Under the terms of the Merger Agreement, Merger Sub merged (the “First-Step Merger”) with and into Stewardship, with Stewardship as the surviving entity, and immediately following the effective time of the First-Step Merger, Stewardship merged with and into the Company, with the Company as the surviving entity (together with the First-Step Merger, the “Merger”). Immediately following

16. Acquisition of Stewardship Financial Corporation (continued)

the consummation of the Merger, Atlantic Stewardship Bank, a wholly owned subsidiary of Stewardship, merged with and into Columbia Bank, a wholly owned subsidiary of Columbia, with Columbia Bank as the surviving bank.

Under the terms of the Merger Agreement, at the effective time of the merger, each outstanding share of Stewardship common stock was converted into the right to receive $15.75 in cash.

Merger-related expenses which are recorded in the consolidated statements of income and include costs relating to the Company's acquisition of Stewardship, represent one-time costs associated with acquisition activities and do not represent ongoing costs of the fully integrated combined organization. Accounting guidance requires that acquisition-related transactional and restructuring costs incurred by the Company be charged to expense as incurred.

Based on the closing date of November 1, 2019, the Company's unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q do not reflect the changes attributable to the Company's acquisition of Stewardship.