EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2013

	Pension Benefits						SERP Benefits
At December 31,	2013			2012			2013			2012
(In thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	13,107		$	11,584		$	1,999		$	1,731
Service cost	931			1,131			149			120
Interest cost	564			508			76			52
Benefits paid and expected expenses	(236		)	(366		)	(112		)	(112		)
Assumption changes and other	(1,123		)	1,345			(193		)	208
Plan amendment	—			(1,095		)	—			—
Benefit obligation at end of year	$	13,243		$	13,107		$	1,919		$	1,999

Change in plan assets, at fair value:
Plan assets at beginning of year	$	17,125		$	13,403		$	—		$	—
Actual return on plan assets	2,939			1,600			—			—
Employer contribution	2,000			2,500			112			112
Benefits paid and actual expenses	(236		)	(378		)	(112		)	(112		)
Plan assets at end of year	$	21,828		$	17,125		$	—		$	—

Funded status (plan assets less benefit obligations)	$	8,585		$	4,018		$	(1,919	)	$	(1,999	)

	Pension Benefits									SERP Benefits

At December 31,	2013			2012			2011			2013			2012			2011
(In thousands)
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$	931		$	1,131		$	919		$	149		$	120		$	109
Interest cost	564			508			483			76			52			57
Expected return on plan assets	(1,385		)	(993		)	(761		)	—			—			—
Amortization of net loss	325			248			102			—			—			—
Amortization of unrecognized prior service cost	(77		)	10			9			—			—			—
Amortization of unrecognized transition (asset) obligation	—			—			—			43			30			28
Net periodic benefit cost	$	358		$	904		$	752		$	268		$	202		$	194

Net (gain) loss	$	(2,677	)	$	(345	)	$	2,529		$	(193	)	$	208		$	136
Prior service cost	—			—			—			—			—			—
Transition obligation	—			—			—			—			—			—
Amortization of net loss	(325		)	(248		)	(102		)	—			—			—
Amortization of prior service cost	77			(10		)	(9		)	—			—			—
Amortization of transition obligation	—			—			—			(43		)	(30		)	(28		)
	(2,925		)	(603		)	2,418			(236		)	178			108
Deferred taxes	1,161			240			(960		)	93			(71		)	(43		)
Total recognized in other comprehensive income	(1,764		)	(363		)	1,458			(143		)	107			65
Total recognized in net periodic benefit cost and other comprehensive income	$	(1,406	)	$	541		$	2,210		$	125		$	309		$	259

	Pension Benefits						SERP Benefits
At December 31,	2013		2012		2011		2013		2012		2011
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate	4.90	%	4.20	%	4.53	%	4.70	%	3.90	%	3.13	%
Rate of compensation increase	3.00		3.00		3.00		5.00		5.00		5.00
Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
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
Expected long-term rate of return	7.50		7.50		7.00		—		—		—

			Percentage of Plan Assets At December 31,				Weighted- Average
	Target Allocation 2014		2013		2012		Expected Long-term Rate of Return

Asset Category
Cash Equivalents	0 – 5	%	3.9	%	9.4	%	—
Equity Securities	45 - 65	%	59.3	%	54.2	%	4.7	%
Fixed income securities	35 - 55	%	36.8	%	36.4	%	2.8	%

Total			100.0	%	100.0	%	7.5	%

			Fair Value Measurements at
			December 31, 2013 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	$	15	$	15	$	—
Short term investment funds	820		—			820
Total cash equivalents	835		15		820
Equities:
U.S. Large cap	8,127		8,127		—
U.S. Mid cap	752		752		—
U.S. Small cap	786		786		—
International	3,290		3,290		—
Total equities	12,955		12,955		—
Fixed income securities:
Government issues	1,798		—		1,798
Corporate bonds	1,453		—		1,453
Mortgage backed	753		—		753
High yield bonds and bond funds	4,034		—		4,034
Total fixed income securities	8,038		—		8,038
Total Plan Assets	$	21,828	$	12,970	$	8,858

			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	$	24	$	24	$	—
Short term investment funds	1,591		—			1,591
Total cash equivalents	1,615		24		1,591
Equities:
U.S. Large cap	8,075		8,075		—
U.S. Mid cap	596		596		—
International	601		601		—
Total equities	9,272		9,272		—
Fixed income securities:
Government issues	1,717		—		1,717
Corporate bonds	1,396		—		1,396
High yield bonds and bond funds	3,125		—		3,125
Total fixed income securities	6,238		—		6,238
Total Plan Assets	$	17,125	$	9,296	$	7,829

(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, 2012	49,962		$	25.32
Granted	—		—
Exercised	(2,737	)	$	24.00
Forfeited	(1,230	)	$	25.25
Expired	(600	)	$	15.47
Outstanding, December 31, 2013	45,395		$	25.54	2.61 years	$	32
Vested and Exercisable, December 31, 2013	45,395		$	25.54	2.61 years	$	32

December 31,	2013		2012		2011
(In thousands)
Intrinsic value of options exercised	$	4	$	7	$	—
Cash received from options exercised	4		—		—
Tax benefit realized from option exercises	—		—		—
Weighted average fair value of options granted	—		—		—

	Shares		Weighted Average Grant-Date Fair Value
Unvested, December 31, 2012	177,927		$	21.38
Granted	72,940		$	20.78
Vested	(50,081	)	$	21.26
Forfeited	(3,187	)	$	21.49
Unvested, December 31, 2013	197,599		$	21.18