FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2014

FAIR VALUE [Abstract]

Schedule of assets measured at fair value on a recurring basis

The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Company has elected the fair value option:

			Fair Value Measurements Using
			Quoted
			Prices In
			Active
				Markets		Significant
				For		Other			Significant
				Identical		Observable			Unobservable
				Assets		Inputs			Inputs
(In thousands)	December 31, 2014			(Level 1)		(Level 2)			(Level 3)
Assets:
Securities available for sale:
U.S. government-sponsored entities	$	35,670		$	—	$	35,670		$	—
Mortgage-backed securities-residential		242,289			—		242,289			—
SBA pool securities		7,944			—		7,944			—
State and political subdivisions		41,394			—		41,394			—
Single-issuer trust preferred security		2,400			—		2,400			—
CRA investment fund		2,955			2,955		—			—
Loans held for sale, at fair value		839			—		839			—
Total	$	333,491		$	2,955	$	330,536		$	—
Financial Liabilities Derivatives	$	—		$	—	$	(169	)	$	—
(In thousands)	December 31, 2013
Assets:
Securities available for sale:
U.S. government-sponsored entities	$	14,770		$	—	$	14,770		$	—
Mortgage-backed securities-residential		189,080			—		189,080			—
State and political subdivisions		59,343			—		59,343			—
Single-issuer trust preferred security		2,370			—		2,370			—
CRA investment fund		2,884			2,884		—			—
Loans held for sale, at fair value		2,001			—		2,001			—
Total	$	270,448		$	2,884	$	267,564		$	—

Schedule of residential loans held for sale

	December 31, 2014		December 31, 2013
Residential loans contractual balance	$	826	$	1,975
Fair value adjustment		13		26
Total fair value of residential loans held for sale	$	839	$	2,001

Schedule of assets measured at fair value on a non- recurring basis

The following table summarizes, for the periods indicated, assets measured at fair value on a non-recurring basis:

			Fair Value Measurements Using
			Quoted
			Prices In
			Active
				Markets		Significant
				For		Other		Significant
				Identical		Observable		Unobservable
				Assets		Inputs		Inputs
(In thousands)	December 31, 2014			(Level 1)		(Level 2)		(Level 3)
Assets:
Impaired loans:
Primary residential mortgage	$	543		$	—	$	—	$	543
OREO		580			—		—		580
(In thousands)	December 31, 2013
Assets:
Impaired loans:
Primary residential mortgage	$	85		$	—	$	—	$	85
Owner-occupied commercial real estate		1,593			—		—		1,593
OREO		980			—		—		980

Schedule of carrying amounts and estimated fair values of financial instruments

The carrying amounts and estimated fair values of financial instruments at December 31, 2014 are as follows:

			Fair Value Measurements at December 31, 2014 Using
	Carrying
(In thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	31,207	$	30,707	$	500	$	—	$	31,207
Securities available for sale		332,652		2,955		329,697		—		332,652
FHLB and FRB stock		11,593		—		—		—		N/A
Loans held for sale, at fair value		839		—		839		—		839
Loans, net of allowance for loan losses		2,230,787		—		—		2,213,604		2,213,604
Accrued interest receivable		5,371		—		924		4,447		5,371
Financial liabilities
Deposits	$	2,298,693	$	1,968,207	$	329,579	$	—	$	2,297,786
Overnight borrowings		54,600		—		54,600				54,600
Federal Home Loan Bank advances		83,692		—		84,677		—		84,677
Financial Liabilities Derivatives
Accrued interest payable		496		103		393		—		496

The carrying amounts and estimated fair values of financial instruments at December 31, 2013 are as follows:

			Fair Value Measurements at December 31, 2013 Using
	Carrying
(In thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	35,147	$	34,397	$	750	$	—	$	35,147
Securities available for sale		268,447		2,884		265,563		—		268,447
FHLB and FRB stock		10,032		—		—		—		N/A
Loans held for sale, at fair value		2,001		—		2,001		—		2,001
Loans, net of allowance for loan losses		1,558,828		—		—		1,528,937		1,528,937
Accrued interest receivable		4,086		—		817		3,269		4,086
Financial liabilities
Deposits	$	1,647,250	$	1,490,417	$	156,078	$	—	$	1,646,495
Overnight borrowings		54,900		—		54,900		—		54,900
Federal Home Loan Bank advances		74,692		—		75,728		—		75,728
Accrued interest payable		340		49		291		—		340