FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2015

FAIR VALUE [Abstract]

Assets Measured at Fair Value on a Recurring Basis

The Company’s financial instruments measured at fair value and the level of the fair value hierarchy of inputs used were as follows:

	December 31, 2015
	Level 1		Level 2		Level 3		Total
	(in thousands)
Debt securities:
United States government obligations and  authorities	$	34,733	$	26,820	$	-	$	61,553
Obligations of states and political subdivisions		-		110,702		-		110,702
Corporate		-		154,620		-		154,620
International		-		12,303		-		12,303
		34,733		304,445		-		339,178
Equity securities		38,012		522		-		38,534
Total investments	$	72,745	$	304,967	$	-	$	377,712

	December 31, 2014
	Level 1		Level 2		Level 3		Total
	(in thousands)
Debt securities:
United States government obligations and authorities	$	46,002	$	16,321	$	-	$	62,323
Obligations of states and political subdivisions		-		91,614		-		91,614
Corporate		-		119,024		-		119,024
International		-		11,138		-		11,138
		46,002		238,097		-		284,099
Equity securities		39,247		-		-		39,247
Total investments	$	85,249	$	238,097	$	-	$	323,346