FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2016

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of assets and liabilities measured on a recurring basis

	December 31, 2016
			Fair Value Measurements Using:
(In thousands)	Carrying Value		Quoted Prices In Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs  (Level 2)		Significant Unobservable Inputs  (Level 3)
Financial assets:
Available for sale securities:
U.S. GSE securities	$	63,649		$	63,649
State and municipal obligations		116,165			116,165
U.S. GSE residential mortgage-backed securities		158,048			158,048
U.S. GSE residential collateralized mortgage obligations		367,511			367,511
U.S. GSE commercial mortgage-backed securities		6,307			6,307
U.S. GSE commercial collateralized mortgage obligations		55,192			55,192
Other asset backed securities		22,553			22,553
Corporate bonds		30,297			30,297
Total available for sale securities	$	819,722		$	819,722
Derivatives	$	2,510		$	2,510
Financial liabilities:
Derivatives	$	1,670		$	1,670

	December 31, 2015
			Fair Value Measurements Using:
(In thousands)	Carrying Value		Quoted Prices In Active Markets for Identical Assets  (Level 1)	Significant Other Observable Inputs  (Level 2)		Significant Unobservable Inputs  (Level 3)
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

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

	December 31, 2016
			Fair Value Measurements Using:
(In thousands)	Carrying Value		Quoted Prices In Active Markets for Identical Assets  (Level 1)	Significant Other Observable Inputs  (Level 2)	Significant Unobservable Inputs  (Level 3)
Impaired loans	$	64			$	64

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

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

	December 31, 2016
			Fair Value Measurement 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  Fair Value
Financial assets:
Cash and due from banks	$	102,280	$	102,280	$	—	$	—	$	102,280
Interest bearing deposits with banks		11,558		11,558		—		—		11,558
Securities available for sale		819,722		—		819,722		—		819,722
Securities restricted		34,743		n/a		n/a		n/a		n/a
Securities held to maturity		223,237		—		222,878		—		222,878
Loans, net		2,574,536		—		—		2,542,395		2,542,395
Derivatives		2,510		—		2,510		—		2,510
Accrued interest receivable		10,233		—		3,480		6,753		10,233
Financial liabilities:
Certificates of deposit		206,732		—		206,026		—		206,026
Demand and other deposits		2,719,277		2,719,277		—		—		2,719,277
Federal funds purchased		100,000		100,000		—		—		100,000
Federal Home Loan Bank advances		496,684		175,000		321,249		—		496,249
Repurchase agreements		674		—		674		—		674
Subordinated debentures		78,502		—		—		78,303		78,303
Junior subordinated debentures		15,244		—		—		15,258		15,258
Derivatives		1,670		—		1,670		—		1,670
Accrued interest payable		1,849		87		316		1,446		1,849

	December 31, 2015
			Fair Value Measurement 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 Fair Value
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		—		298,015		—		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		329		1,222		1,644