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EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2012

Information about changes in obligations and plan assets of the defined benefit pension plan and the defined benefit plan component of the SERP

	Pension Benefits						SERP Benefits
At December 31,	2012			2011			2012			2011
(In thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	11,584		$	8,761		$	1,731		$	1,542
Service cost	1,131			919			120			109
Interest cost	508			483			52			57
Benefits paid and expected expenses	(366		)	(234		)	(112		)	(112		)
Assumption changes and other	1,345			1,655			208			135
Plan amendment	(1,095		)	—			—			—
Benefit obligation at end of year	$	13,107		$	11,584		$	1,999		$	1,731

Change in plan assets, at fair value:
Plan assets at beginning of year	$	13,403		$	11,023		$	—		$	—
Actual return on plan assets	1,600			20			—			—
Employer contribution	2,500			2,727			112			112
Benefits paid and actual expenses	(378		)	(367		)	(112		)	(112		)
Plan assets at end of year	$	17,125		$	13,403		$	—		$	—

Funded status (plan assets less benefit obligations)	$	4,018		$	1,819		$	(1,999	)	$	(1,731	)

Amounts recognized in accumulated other comprehensive income

	Pension Benefits					SERP Benefits
At December 31,	2012			2011		2012		2011
(In thousands)
Net actuarial loss	$	5,561		$	5,060	$	406	$	200
Prior service cost	71			81		—		—
Transition obligation	—			—		142		170
Plan amendment	(1,094		)	—		—		—
Net amount recognized	$	4,538		$	5,141	$	548	$	370

Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income

	Pension Benefits									SERP Benefits

At December 31,	2012			2011			2010			2012			2011			2010
(In thousands)
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$	1,131		$	919		$	769		$	120		$	109		$	96
Interest cost	508			483			434			52			57			62
Expected return on plan assets	(993		)	(761		)	(681		)	—			—			—
Amortization of net loss	248			102			104			—			—			—
Amortization of unrecognized prior service cost	10			9			9			—			—			—
Amortization of unrecognized transition (asset) obligation	—			—			—			30			28			28
Net periodic benefit cost	$	904		$	752		$	635		$	202		$	194		$	186

Net (gain) loss	$	(345	)	$	2,529		$	254		$	208		$	136		$	(22	)
Prior service cost	—			—			—			—			—			—
Transition obligation	—			—			—			—			—			—
Amortization of net gain	(248		)	(102		)	(104		)	—			—			—
Amortization of prior service cost	(10		)	(9		)	(9		)	—			—			—
Amortization of transition obligation	—			—			—			(30		)	(28		)	(28		)
	(603		)	2,418			141			178			108			(50		)
Deferred taxes	240			(960		)	(56		)	(71		)	(43		)	20
Total recognized in other comprehensive income	(363		)	1,458			85			107			65			(30		)
Total recognized in net periodic benefit cost and other comprehensive income	$	541		$	2,210		$	720		$	309		$	259		$	156

Schedule of average assumptions used to determine benefit obligations and net periodic benefit cost

	Pension Benefits						SERP Benefits
At December 31,	2012		2011		2010		2012		2011		2010
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate	4.20	%	4.53	%	5.58	%	3.90	%	3.13	%	3.87	%
Rate of compensation increase	3.00		3.00		3.50		5.00		5.00		5.00
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
Discount rate	4.53	%	5.58	%	5.89	%	3.13	%	3.87	%	4.31	%
Rate of compensation increase	3.00		3.50		4.00		5.00		5.00		5.00
Expected long-term rate of return	7.50		7.00		7.50		—		—		—

Schedule of target allocations for Plan assets

			Percentage of Plan Assets At December 31,				Weighted- Average
	Target Allocation						Expected Long-term Rate of
	2013		2012		2011		Return

Asset Category
Cash Equivalents	0 – 5	%	9.4	%	21.6	%	—
Equity Securities	45 - 65	%	54.2	%	43.1	%	4.7	%
Fixed income securities	35 - 55	%	36.4	%	35.3	%	2.8	%

Total			100.0	%	100.0	%	7.5	%

Schedule of the Plan's fair value hierarchy for its financial assets measured at fair value on a recurring basis

Fair Value Measurements at

December 31, 2012 Using:

Carrying
Value

Quoted Prices
In Active
Markets for
Identical
Assets
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

(Dollars in thousands)

Cash and Cash Equivalents

Cash

Short term investment funds

1,591

—

1,591

Total cash equivalents

1,615

1,591

Equities:

U.S. Large cap

8,075

U.S. Mid cap

596

International

601

Total equities

9,272

Fixed income securities:

Government issues

1,717

Corporate bonds

1,396

High yield bonds and bond funds

3,125

Total fixed income securities

6,238

Total Plan Assets

17,125

9,296

7,829

			Fair Value Measurements at
			December 31, 2011 Using:

	Carrying Value		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
(Dollars in thousands)
Cash and Cash Equivalents
Cash	$	2,563	$	2,563
Short term investment funds	336		—		$	336
Total cash equivalents	2,899		2,563		336
Equities:
U.S. Large cap	3,388		3,388
U.S. Mid cap	326		326
U.S. Small cap	326		326
International	1,739		1,739
Total equities	5,779		5,779
Fixed income securities:
Government issues	1,589				1,589
Corporate bonds	1,078				1,078
High yield bonds and bond funds	2,058				2,058
Total fixed income securities	4,725				4,725
Total Plan Assets	$	13,403	$	8,342	$	5,061

Summary of payments, which reflect expected future service, expected to be paid

Year	Pension and SERP Payments
(In thousands)
2013	$	560,186
2014	606,708
2015	657,058
2016	740,152
2017	900,932
Following 5 years	7,103,618

Summary of Stock Option Plan Activity

(Dollars in thousands, except per share amounts)	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding, December 31, 2011	54,223		$	25.05
Granted	—		—
Exercised	(1,500	)	$	15.47
Forfeited	(2,761	)	$	25.28
Expired	—		—
Outstanding, December 31, 2012	49,962		$	25.32	3.44 years	$	3
Vested and Exercisable, December 31, 2012	49,962		$	25.32	3.44 years	$	3

Summary of stock options outstanding by range of exercise prices

Range of Exercise Prices	Number of Options	Exercise Price
	600	$	15.47
	4,572	$	24.00
	39,659	$	25.25
	3,000	$	26.55
	2,131	$	30.60
	49,962

Summary of activity related to the stock options

December 31,	2012		2011		2010
(In thousands)
Intrinsic value of options exercised	$	7	$	—	$	16
Cash received from options exercised	—		—		17
Tax benefit realized from option exercises	—		—		6
Weighted average fair value of options granted	—		—		—

Summary of Restricted Stock Awards Activity

	Shares		Weighted Average Grant-Date Fair Value
Unvested, December 31, 2011	211,371		$	21.56
Granted	21,993		$	19.82
Vested	(55,207	)	$	21.46
Forfeited	(230	)	$	22.06
Unvested, December 31, 2012	177,927		$	21.38