FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2015

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of assets and liabilities measured on a recurring basis

			Fair Value Measurements at
			December 31, 2015 Using:
	Carrying Value		Quoted Prices In Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs  (Level 2)		Significant Unobservable Inputs (Level 3)
(In thousands)
Financial Assets:
Available for sale securities
U.S. GSE securities	$	62,674		$	62,674
State and municipal obligations		87,935			87,935
U.S. GSE Residential mortgage-backed securities		200,264			200,264
U.S. GSE Residential collateralized mortgage  Obligations		317,878			317,878
U.S. GSE Commercial mortgage-backed securities		12,418			12,418
U.S. GSE Commercial collateralized mortgage  Obligations		64,198			64,198
Other Asset-backed securities		22,371			22,371
Corporate Bonds		32,465			32,465
Total available for sale securities	$	800,203		$	800,203
Derivatives	$	779			779
Financial Liabilities:
Derivatives	$	2,073		$	2,073

			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)
(In thousands)
Financial Assets:
Available for sale securities
U.S. GSE securities	$	95,425		$	95,425
State and municipal obligations		63,693			63,693
U.S. GSE Residential mortgage-backed securities		101,425			101,425
U.S. GSE Residential collateralized mortgage  Obligations		258,599			258,599
U.S. GSE Commercial mortgage-backed securities		2,945			2,945
U.S. GSE Commercial collateralized mortgage  Obligations		24,082			24,082
Other Asset-backed securities		23,037			23,037
Corporate Bonds		17,978			17,978
Total available for sale securities	$	587,184		$	587,184
Derivatives	$	280		$	280
Financial Liabilities:
Derivatives	$	1,223		$	1,223

Schedule of assets measured at fair value on a non-recurring basis

			Fair Value Measurements at
			December 31, 2015 Using:
	Carrying Value		Quoted Prices In Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs  (Level 2)	Significant Unobservable Inputs (Level 3)
(In thousands)
Impaired loans	$	483			$	483
Other real estate owned		250				250

			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)
(In thousands)
Impaired loans	$	558			$	558

Schedule of estimated fair values and recorded carrying values of financial instruments

			Fair Value Measurement at
			December 31, 2015 Using:
(In thousands)	Carrying Amount		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs  (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Financial Assets:
Cash and due from banks	$	79,750	$	79,750	$	—	$	—	$	79,750
Interest bearing deposits with banks		24,408		—		24,408		—		24,408
Securities available for sale		800,203		—		800,203		—		800,203
Securities restricted		24,788		n/a		n/a		n/a		n/a
Securities held to maturity		208,351		—		210,003		—		210,003
Loans, net		2,390,030		—		—		2,379,171		2,379,171
Derivatives		779		—		779		—		779
Accrued interest receivable		9,270		—		3,228		6,042		9,270
Financial Liabilities:
Certificates of deposit		292,855		—		293,368		—		293,368
Demand and other deposits		2,550,770		2,550,770		—		—		2,550,770
Federal funds purchased		120,000		120,000		—		—		120,000
Federal Home Loan Bank advances		297,507		197,243		100,772		—		298,015
Repurchase agreements		50,891		—		51,480		—		51,480
Subordinated Debentures		78,363		—		—		78,830		78,830
Junior Subordinated Debentures		15,878		—		—		16,566		16,566
Derivatives		2,073		—		2,073		—		2,073
Accrued interest payable		1,644		93		1,551		—		1,644

			Fair Value Measurement at
			December 31, 2014 Using:
(In thousands)	Carrying Amount		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs  (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Financial Assets:
Cash and due from banks	$	45,109	$	45,109	$	—	$	—	$	45,109
Interest bearing deposits with banks		6,621		—		6,621		—		6,621
Securities available for sale		587,184		—		587,184		—		587,184
Securities restricted		10,037		n/a		n/a		n/a		n/a
Securities held to maturity		214,927		—		216,289		—		216,289
Loans, net		1,320,690		—		—		1,317,625		1,317,625
Derivatives		280		—		280		—		280
Accrued interest receivable		6,425		—		2,721		3,704		6,425
Financial Liabilities:
Certificates of deposit		141,362		—		142,264		—		142,264
Demand and other deposits		1,692,417		1,692,417		—		—		1,692,417
Federal funds purchased		75,000		75,000		—		—		75,000
Federal Home Loan Bank advances		138,327		98,070		40,165		—		138,235
Repurchase agreements		36,263		—		36,991		—		36,991
Subordinated Debentures		—		—		—		—		—
Junior Subordinated Debentures		16,002		—		—		16,528		16,528
Derivatives		1,223		—		1,223		—		1,223
Accrued interest payable		308		77		231		—		308