INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

INCOME TAXES

Schedule of components of income tax expense

Years Ended December 31,	2015			2014		2013
(In thousands)
Current:
Federal	$	8,248		$	3,926	$	5,500
State		1,230			507		664
		9,478			4,433		6,164
Deferred:
Federal		1,457			2,187		403
State		(157	)		619		102
		1,300			2,806		505
Income tax expense	$	10,778		$	7,239	$	6,669

Schedule of reconciliation of the expected Federal income tax expense at the statutory tax rate to the actual provision

Years Ended December 31,	2015						2014						2013
(Dollars in thousands)	Amount			Percentage of Pre-tax Earnings			Amount			Percentage of Pre-tax Earnings			Amount			Percentage of Pre-tax Earnings
Federal income tax expense computed by applying the statutory rate to income before income taxes	$	11,161			35	%	$	7,141			34	%	$	6,828			34	%
Tax exempt interest		(927	)		(3	)		(665	)		(3	)		(740	)		(4	)
State taxes, net of federal income tax benefit		1,087			3			743			4			502			3
Other		(543	)		(1	)		20			—			79			1
Income tax expense	$	10,778			34	%	$	7,239			35	%	$	6,669			34	%

Schedule of components of deferred tax assets and liabilities

December 31,	2015			2014
(In thousands)
Deferred tax assets:
Allowance for loan losses	$	9,034		$	7,311
Net unrealized losses on securities		3,224			2,177
Restricted stock awards		1,435			1,003
Purchase accounting fair value adjustments		15,942			8,321
Net change in pension liability		2,811			2,985
Net operating loss carryforward		1,955			2,063
Net loss on cash flow hedge		524			374
Other		792			351
Total		35,717			24,585
Deferred tax liabilities:
Pension and SERP expense		(4,142	)		(3,765	)
Depreciation		(1,828	)		(1,832	)
REIT undistributed net income		(482	)		(628	)
Net deferred loan costs and fees		(1,416	)		(981	)
Other		(1,541	)		(707	)
Total		(9,409	)		(7,913	)
Net deferred tax asset	$	26,308		$	16,672