EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2014

	Pension Benefits						SERP Benefits
At December 31,	2014			2013			2014			2013
(In thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	13,243		$	13,107		$	1,919		$	1,999
Service cost	905			931			132			149
Interest cost	639			564			88			76
Benefits paid and expected expenses	(282		)	(236		)	(112		)	(112		)
Assumption changes and other	4,455			(1,123		)	430			(193		)
Plan amendment	—			—			—			—
Benefit obligation at end of year	$	18,960		$	13,243		$	2,457		$	1,919

Change in plan assets, at fair value:
Plan assets at beginning of year	$	21,828		$	17,125		$	—		$	—
Actual return on plan assets	981			2,939			—			—
Employer contribution	1,361			2,000			112			112
Benefits paid and actual expenses	(283		)	(236		)	(112		)	(112		)
Plan assets at end of year	$	23,887		$	21,828		$	—		$	—

Funded status (plan assets less benefit obligations)	$	4,927		$	8,585		$	(2,457	)	$	(1,919	)

	Pension Benefits									SERP Benefits

At December 31,	2014			2013			2012			2014			2013			2012
(In thousands)
Components of net periodic benefit cost and other amounts recognized in Other Comprehensive Income
Service cost	$	905		$	931		$	1,131		$	132		$	149		$	120
Interest cost	639			564			508			88			76			52
Expected return on plan assets	(1,625		)	(1,385		)	(993		)	—			—			—
Amortization of net loss	27			325			248			—			—			—
Amortization of unrecognized prior service cost	(77		)	(77		)	10			—			—			—
Amortization of unrecognized transition (asset) obligation	—			—			—			28			43			30
Net periodic benefit cost (credit)	$	(131	)	$	358		$	904		$	248		$	268		$	202

Net (gain) loss	$	5,099		$	(2,677	)	$	(345	)	$	430		$	(193	)	$	208
Prior service cost	—			—			—			—			—			—
Transition obligation	—			—			—			—			—			—
Amortization of net loss	(27		)	(325		)	(248		)	—			—			—

Amortization of prior service cost	77			77			(10		)	—			—			—
Amortization of transition obligation	—			—			—			(27		)	(43		)	(30		)
	5,149			(2,925		)	(603		)	403			(236		)	178
Deferred taxes	(2,044		)	1,161			240			(160		)	93			(71		)
Total recognized in other comprehensive income	3,105			(1,764		)	(363		)	243			(143		)	107
Total recognized in net periodic benefit cost and other comprehensive income	$	2,974		$	(1,406	)	$	541		$	491		$	125		$	309

	Pension Benefits						SERP Benefits
At December 31,	2014		2013		2012		2014		2013		2012
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate	3.90	%	4.90	%	4.20	%	3.80	%	4.70	%	3.90	%
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	4.90	%	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
Expected long-term rate of return	7.50		7.50		7.50		—		—		—

			Percentage of Plan Assets At December 31,				Weighted- Average
	Target Allocation 2015		2014		2013		Expected Long-term Rate of Return

Asset Category
Cash Equivalents	0 – 5	%	4.1	%	3.9	%	—
Equity Securities	45 - 65	%	62.1	%	59.3	%	4.9	%
Fixed income securities	35 - 55	%	33.8	%	36.8	%	2.6	%

Total			100.0	%	100.0	%	7.5	%

			Fair Value Measurements at
			December 31, 2014 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	964		—		964
Total cash equivalents	979		15		964
Equities:
U.S. Large cap	9,918		9,919		—
U.S. Mid cap	800		800		—
U.S. Small cap	782		782		—
International	3,361		3,361		—
Total equities	14,861		14,862		—
Fixed income securities:
Government issues	1,413		—		1,413
Corporate bonds	1,220		—		1,220
Mortgage backed	533		—		533
High yield bonds and bond funds	4,881		—		4,881
Total fixed income securities	8,047		—		8,047
Total Plan Assets	$	23,887	$	14,877	$	9,011

			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

(Dollars in thousands, except per share amounts)	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding, January 1, 2014	45,395		$	25.54
Granted	—		—
Exercised	(2,504	)	$	24.61
Forfeited	(2,460	)	$	25.25
Expired	(561	)	$	24.00
Outstanding, December 31, 2014	39,870		$	25.63	1.70 years	$	53
Vested and Exercisable, December 31, 2014	39,870		$	25.63	1.70 years	$	53

Range of Exercise Prices	Number of Options		Exercise Price
	34,739		$	25.25
	3,000		$	26.55
	2,131		$	30.60
	39,870

December 31,	2014		2013		2012
(In thousands)
Intrinsic value of options exercised	$	3	$	4	$	7
Cash received from options exercised	7		4		—
Tax benefit realized from option exercises	—		—		—
Weighted average fair value of options granted	—		—		—

	Shares		Weighted Average Grant-Date Fair Value
Unvested, January 1, 2014	197,599		$	21.18
Granted	80,273		$	25.32
Vested	(27,030	)	$	21.44
Forfeited	(2,398	)	$	22.33
Unvested, December 31, 2014	248,444		$	22.48