FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

Assets Measured on a Recurring Basis    

				Fair Value Measurements Using
				Quoted
				Prices in
				Active
				Markets		Significant
				For		Other			Significant
				Identical		Observable			Unobservable
	September 30,			Assets		Inputs			Inputs
(In thousands)	2016			(Level 1)		(Level 2)			(Level 3)
Assets:
Available for sale:
U.S. government-sponsored
entities	$	11,970		$	—	$	11,970		$	—
Mortgage-backed securities-
residential		191,521			—		191,521			—
SBA pool securities		7,068			—		7,068			—
State and political subdivisions		31,475			—		31,475			—
Single-Issuer Trust Preferred		2,602			—		2,602			—
CRA investment fund		4,980			4,980		—			—
Loans held for sale, at fair value		3,013			—		3,013			—
Derivatives:
Loan level swaps		3,656			—		3,656			—
Total	$	256,285		$	4,980	$	251,305		$	—
Liabilities:
Derivatives:
Cash flow hedges	$	(4,710	)	$	—	$	(4,710	)	$	—
Loan level swaps		(3,656	)		—		(3,656	)		—
Total	$	(8,366	)	$	—	$	(8,366	)	$	—

Assets Measured on a Recurring Basis    

				Fair Value Measurements Using
				Quoted
				Prices in
				Active
				Markets		Significant
				For		Other			Significant
				Identical		Observable			Unobservable
	December 31,			Assets		Inputs			Inputs
(In thousands)	2015			(Level 1)		(Level 2)			(Level 3)
Assets:
Available for sale:
Mortgage-backed securities-
residential	$	160,607		$	—	$	160,607		$	—
SBA pool securities		7,520			—		7,520			—
State and political subdivisions		22,029			—		22,029			—
Single-Issuer Trust Preferred		2,535			—		2,535			—
CRA investment fund		2,939			2,939		—			—
Loans held for sale, at fair value		1,558			—		1,558			—
Derivatives:
Cash flow hedges		104			—		104			—
Loan level swaps		1,106			—		1,106			—
Total	$	198,398		$	2,939	$	195,459		$	—
Liabilities:
Derivatives:
Cash flow hedges	$	(1,434	)	$	—	$	(1,434	)	$	—
Loan level swaps		(1,106	)		—		(1,106	)		—
Total	$	(2,540	)	$	—	$	(2,540	)	$	—

Schedule of residential loans held for sale

(In thousands)	September 30, 2016		December 31, 2015
Residential loans contractual balance	$	2,969	$	1,536
Fair value adjustment		44		22
Total fair value of residential loans held for sale	$	3,013	$	1,558

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

Assets Measured on a Non-Recurring Basis

			Fair Value Measurements Using
			Quoted
			Prices in
			Active
			Markets		Significant
			For		Other		Significant observable
			Identical		Observable		Unobservable
	September 30,		Assets		Inputs		Inputs
(In thousands)	2016		(Level 1)		(Level 2)		(Level 3)
Assets:
Impaired loans:
Investment commercial real estate	$	245	$	—	$	—	$	245
	December 31,
(In thousands)	2015
Assets:
Impaired loans:
Primary residential mortgage	$	251	$	—	$	—	$	251
OREO		330		—		—		330

Schedule of carrying amounts and estimated fair values of financial instruments

The carrying amounts and estimated fair values of financial instruments at September 30, 2016 are as follows:

			Fair Value Measurements at September 30, 2016 using
	Carrying
(In thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	159,555	$	159,555	$	—	$	—	$	159,555
Securities available for sale		249,616		4,980		244,636		—		249,616
FHLB and FRB stock		14,093		—		—		—		N/A
Loans held for sale, at fair value		3,013		—		3,013		—		3,013
Loans held for sale, at lower of cost
or fair value		30,000		—		30,000		—		30,000
Loans, net of allowance for loan losses		3,202,271		—		—		3,205,692		3,205,692
Accrued interest receivable		6,383		—		729		5,654		6,383
Loan level swap derivatives		3,656		—		3,656		—		3,656
Financial liabilities
Deposits	$	3,300,060	$	2,740,367	$	566,740	$	—	$	3,307,107
Federal home loan bank advances		71,795		—		72,667		—		72,667
Subordinated debt		48,731		—		—		48,721		48,721
Accrued interest payable		2,025		151		974		900		2,025
Cash flow hedge derivatives		4,710		—		4,710		—		4,710
Loan level swap derivatives		3,656		—		3,656		—		3,656

The carrying amounts and estimated fair values of financial instruments at December 31, 2015 are as follows:

			Fair Value Measurements at December 31, 2015 using
	Carrying
(In thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	70,160	$	70,160	$	—	$	—	$	70,160
Securities available for sale		195,630		2,939		192,691		—		195,630
FHLB and FRB stock		13,984		—		—		—		N/A
Loans held for sale, at fair value		1,558		—		1,558		—		1,558
Loans held for sale, at lower of cost
or fair value		82,200		—		82,200		—		82,200
Loans, net of allowance for loan losses		2,887,386		—		—		2,865,601		2,865,601
Accrued interest receivable		6,820		—		562		6,258		6,820
Cash flow Hedges		104		—		104		—		104
Loan level swaps		1,106		—		1,106		—		1,106
Financial liabilities
Deposits	$	2,935,470	$	2,407,300	$	526,226	$	—	$	2,933,526
Overnight borrowings		40,700		—		40,700		—		40,700
Federal home loan bank advances		83,692		—		84,409		—		84,409
Accrued interest payable		957		128		829		—		957
Cash flow hedges		1,434		—		1,434		—		1,434
Loan level swaps		1,106		—		1,106		—		1,106