INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the deferred tax assets and liabilities are as follows:

	September 30, 2014			December 31, 2013
	(Dollars in thousands)
Deferred tax assets:
Loan loss reserves	$	6,346		$	7,391
Postretirement benefits		1,090			1,162
Other real estate owned valuation		1,227			1,421
Tax credits carryforward		576			339
Securities impairment charges		—			153
Unrealized loss on securities available for sale		5,869			14,138
Interest on nonaccrual loans		897			758
Net operating loss carryforward		22,827			26,708
Purchase accounting adjustment		79			70
Accrued bonuses		278			456
Other		697			295
Less: Valuation allowance		(1,146	)		(42,802	)
Deferred tax assets		38,740			10,089
Deferred tax liabilities:
Deferred loan fees		321			405
Federal Home Loan Bank stock dividends		4,585			6,715
Mortgage servicing rights		1,984			2,079
Postretirement benefits accrual		640			640
Prepaid expenses		181			250
Deferred tax liabilities		7,711			10,089
Net deferred tax asset	$	31,029		$	—