FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Financial assets and Liabilities at Dates Indicated that were Accounted for at Fair Value

The following tables set forth the Company’s financial assets and liabilities at the dates indicated that were accounted for or disclosed at fair value. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

			September 30, 2018
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
(In thousands)			(Level 1)		(Level 2)		(Level 3)		Total
Assets
	Residential mortgage loans held for sale		$	-	$	31,581	$	-	$	31,581
	Investments available-for-sale:
		U.S. government agencies		-		239,456		-		239,456
		State and municipal		-		296,506		-		296,506
		Mortgage-backed		-		380,631		-		380,631
		Corporate debt		-		-		9,252		9,252
		Trust preferred		-		-		310		310
		Marketable equity securities		-		568		-		568
	Interest rate swap agreements			-		432		-		432
Liabilities
	Interest rate swap agreements		$	-	$	(432)	$	-	$	(432)

			December 31, 2017
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
(In thousands)			(Level 1)		(Level 2)		(Level 3)		Total
Assets
	Residential mortgage loans held for sale		$	-	$	9,848	$	-	$	9,848
	Investments available-for-sale:
		U.S. government agencies		-		106,568		-		106,568
		State and municipal		-		312,253		-		312,253
		Mortgage-backed		-		300,040		-		300,040
		Corporate debt		-		-		9,432		9,432
		Trust preferred		-		-		1,002		1,002
		Marketable equity securities		-		212		-		212
	Interest rate swap agreements			-		707		-		707
Liabilities
	Interest rate swap agreements		$	-	$	(707)	$	-	$	(707)

Unrealized Losses Included in Assets Measured in Condensed Consolidated Statements of Condition at Fair Value on a Recurring Basis

The following table provides unrealized losses included in assets measured in the Condensed Consolidated Statements of Condition at fair value on a recurring basis for the period indicated:

			Significant
			Unobservable
			Inputs
(In thousands)			(Level 3)
Investments available-for-sale:
	Balance at January 1, 2018		$	10,434
		Additions of Level 3 assets		310
		Principal sales		(1,002)
		Total unrealized losses included in other comprehensive loss		(180)
	Balance at September 30, 2018		$	9,562

Assets Measured at Fair Value on Nonrecurring Basis

The following table sets forth the Company’s financial assets subject to fair value adjustments (impairment) on a nonrecurring basis at the date indicated that are valued at the lower of cost or market. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

		September 30, 2018
		Quoted Prices in		Significant
		Active Markets		Other		Significant
		for Identical		Observable		Unobservable
(In thousands)		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total		Total Losses
Impaired loans		$	-	$	-	$	6,995	$	6,995	$	(12,022)
Other real estate owned			-		-		2,118		2,118		(215)
	Total	$	-	$	-	$	9,113	$	9,113	$	(12,237)

		December 31, 2017
		Quoted Prices in		Significant
		Active Markets		Other		Significant
		for Identical		Observable		Unobservable
(In thousands)		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total		Total Losses
Impaired loans		$	-	$	-	$	8,474	$	8,474	$	(11,806)
Other real estate owned			-		-		2,253		2,253		(158)
	Total	$	-	$	-	$	10,727	$	10,727	$	(11,964)

Carrying Amounts And Fair Values of Company's Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at the dates indicated are presented in the following table:

					Fair Value Measurements
	September 30, 2018				Quoted Prices in
			Estimated		Active Markets for		Significant Other		Significant
	Carrying		Fair		Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Other equity securities	$	66,074	$	66,074	$	-	$	66,074	$	-
Loans, net of allowance		6,338,550		6,157,550		-		-		6,157,550
Other assets		110,161		110,161		-		110,161		-
Financial Liabilities
Time deposits	$	1,359,715	$	1,366,044	$	-	$	1,366,044	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		142,669		142,669		-		142,669		-
Advances from FHLB		866,445		868,094		-		868,094		-
Subordinated debentures		37,460		32,644		-		-		32,644

					Fair Value Measurements
	December 31, 2017				Quoted Prices in
			Estimated		Active Markets for		Significant Other		Significant
	Carrying		Fair		Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Other equity securities	$	45,518	$	45,518	$	-	$	45,518	$	-
Loans, net of allowance		4,268,991		4,320,719		-		-		4,320,719
Other assets		95,730		95,730		-		95,730		-
Financial Liabilities
Time deposits	$	688,951	$	684,139	$	-	$	684,139	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		119,359		119,359		-		119,359		-
Advances from FHLB		765,833		769,860		-		769,860		-
Subordinated debentures		-		-		-		-		-