FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring and Nonrecurring Basis

Under ASC 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at September 30, 2016 and December 31, 2015 included:

			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Fair Value		Assets		Inputs		Inputs
(Dollars in thousands)	Measurements		(Level 1)		(Level 2)		(Level 3)
At September 30, 2016:
Available for sale securities (1)	$	866,613	$	100	$	866,513	$	0
Loans held for sale (2)		20,143		0		20,143		0
Loans (3)		4,704		0		3,805		899
Other real estate owned (4)		12,734		0		662		12,072
At December 31, 2015:
Available for sale securities (1)	$	790,766	$	225	$	790,541	$	0
Loans held for sale (2)		23,998		0		23,998		0
Loans (3)		7,511		0		6,052		1,459
Other real estate owned (4)		7,039		0		598		6,441

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(1) See Note D for further detail of fair value of individual investment categories.

(2) Recurring fair value basis determined using observable market data.

(3) See Note F. Nonrecurring fair value adjustments to loans identified as impaired reflect full or partial write-downs that are based on the loan’s observable market price or current appraised value of the collateral in accordance with ASC 310.

(4) Fair value is measured on a nonrecurring basis in accordance with ASC 360.

Fair Value Measurements, Recurring and Nonrecurring

The carrying amount and fair value of the Company’s other significant financial instruments that are not measured at fair value on a recurring basis in the balance sheet as of September 30, 2016 and December 31, 2015 is as follows:

			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
(Dollars in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
At September 30, 2016:
Financial Assets
Securities held to maturity (1)	$	392,138	$	0	$	397,264	$	0
Loans, net		2,741,950		0		0		2,743,652
Financial Liabilities
Deposit liabilities		3,510,493		0		0		3,512,632
Subordinated debt		70,171		0		52,785		0
At December 31, 2015:
Financial Assets
Securities held to maturity (1)	$	203,525	$	0	$	202,813	$	0
Loans, net		2,129,691		0		0		2,147,024
Financial Liabilities
Deposit liabilities		2,844,387		0		0		2,843,800
FHLB advances, maturing in 2017 (2)		50,000		0		51,788		0
Subordinated debt		69,961		0		52,785		0

(1) See Note D for further detail of fair value of individual investment categories.

(2) Redemption in April 2016 and no longer outstanding

Schedule of contractual balance and gains or losses aggregate fair value

At September 30, 2016 and December 31, 2015, the aggregate fair value, contractual balance (including accrued interest) and gains or losses was as follows:

	September 30,			December 31,
(Dollars in thousands)	2016			2015
Aggregate fair value	$	20,143	$	23,998
Contractual balance		19,604		23,384
Gains (losses)		539		614