FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2016

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:

	June 30, 2016
	Level 1		Level 2		Level 3		Total
	(in thousands)
Debt securities:
United States government obligations and authorities	$	37,442	$	27,800	$	-	$	65,242
Obligations of states and political subdivisions		-		139,685		-		139,685
Corporate		-		148,597		-		148,597
International		-		11,840		-		11,840
		37,442		327,922		-		365,364
Equity securities		39,601		1,000		-		40,601
Total investments	$	77,043	$	328,922	$	-	$	405,965

	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