EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2013

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Weighted Average Fair Value per Option at the Date of Grant for Stock Options Granted

There were no stock options granted during the year ended December 31, 2013.  The weighted average fair value per option at the date of grant for stock options granted during the years indicated was estimated as follows:

	Year Ended December 31,
	2012			2011
Estimated fair value on date of grant	$	4.09		$	4.82
Pricing methodology utilized	Black- Scholes			Black- Scholes
Expected life (in years)		6.53			6.80
Interest rate		1.21	%		2.59	%
Volatility		45.17	%		42.35	%
Dividend yield		4.04	%		3.62	%

Combined Stock Option Activity Related to the Stock Plans

Combined stock option activity related to the Stock Plans was as follows:

	At or for the Year Ended December 31,
	2013		2012		2011
Options outstanding – beginning of period		2,456,137		2,893,760		3,213,007
Options granted		-		24,440		91,583
Weighted average exercise price of grants	$	-	$	13.86	$	15.46
Options exercised		833,334		455,051		385,758
Weighted average exercise price of exercised options	$	13.47	$	12.32	$	10.93
Options forfeited		7,032		7,012		25,072
Weighted average exercise price of forfeited options	$	16.93	$	19.90	$	15.76
Options outstanding - end of period(1)		1,615,771		2,456,137		2,893,760
Weighted average exercise price of outstanding options - end of period	$	16.74	$	15.63	$	15.13
Remaining options available for grant		1,043,074		249,230		412,588
Vested options at end of period		1,563,493		2,317,799		2,682,156
Weighted average exercise price of vested options – end of period	$	16.80	$	15.78	$	15.30
Cash received for option exercise cost		11,228		5,608		3,669
Income tax benefit recognized		531		319		371
Compensation expense recognized		194		309		528
Remaining unrecognized compensation expense		141		335		543
Weighted average remaining years for which compensation expense is to be recognized		1.2		1.8		2.7
Intrinsic value of options exercised during the period	$	2,569	$	871	$	1,209
Intrinsic value of outstanding options at period end		2,243		722		639
Intrinsic value of vested options at period end		2,129		531		395

(1) At December 31, 2013, 2012 and 2011, respectively, expected forfeitures were immaterial.

Range of Exercise Prices and Weighted-Average Remaining Contractual Lives of Both Outstanding and Vested Options

The range of exercise prices and weighted-average remaining contractual lives of both outstanding and vested options (by option exercise cost) as of December 31, 2013 were as follows:

		Outstanding Options				Vested Options
Exercise Prices		Amount		Weighted Average Contractual Years Remaining		Amount		Weighted Average Contractual Years Remaining
$	8.34		24,582		5.3		24,582		5.3
$	12.75		39,589		6.3		25,856		6.3
$	13.74		370,062		3.3		370,062		3.3
$	13.86		17,108		8.3		17,108		8.3
$	15.10		257,579		1.4		257,579		1.4
$	15.46		85,183		7.3		46,638		7.3
$	16.45		76,320		1.1		76,320		1.1
$	16.73		46,453		4.6		46,453		4.6
$	18.18		80,000		4.4		80,000		4.4
$	19.90		618,895		0.1		618,895		0.1
Total			1,615,771		2.1		1,563,493		2.0

Summary of Activity Related to the Restricted Stock Awards Granted

The following is a summary of activity related to the restricted stock awards granted under the 2004 Stock Incentive Plan:

	At or for the Year Ended December 31,
	2013		2012		2011
Unvested allocated shares – beginning of period		328,003		324,454		309,783
Shares granted		145,925		141,289		126,304
Shares vested		155,614		135,369		109,649
Shares forfeited		-		2,371		1,984
Unvested allocated shares – end of period		318,314		328,003		324,454
Unallocated shares – end of period		-		-		-
Compensation recorded to expense	$	2,011	$	1,842	$	1,578
Income tax benefit recognized		104		70		60
Fair value of shares vested during the period	$	1,944	$	1,834	$	1,671
Weighted average remaining years for which compensation expense is to be recognized		1.2		1.3		1.3

Employee Retirement Plan [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

The Net Periodic (Credit) Cost

The net periodic cost for the Employee Retirement Plan included the following components:

	Year Ended December 31,
	2013			2012			2011
Interest cost	$	877		$	921		$	1,012
Expected return on plan assets		(1,518	)		(1,451	)		(1,442	)
Amortization of unrealized loss		1,803			1,792			1,004
Net periodic cost	$	1,162		$	1,262		$	574

Schedule of Accumulated and Projected Benefit Obligations

The funded status of the Employee Retirement Plan was as follows:

	At December 31,
	2013			2012
Accumulated benefit obligation at end of period	$	22,751		$	24,640
Reconciliation of Projected benefit obligation:
Projected benefit obligation at beginning of period	$	24,640		$	22,907
Interest cost		877			921
Actuarial (gain) loss		(1,541	)		1,883
Benefit payments		(1,099	)		(1,071	)
Settlements		(126	)		-
Projected benefit obligation at end of period		22,751			24,640
Plan assets at fair value (investments in trust funds managed by trustee)
Balance at beginning of period		20,958			20,030
Return on plan assets		4,156			1,956
Contributions		513			43
Benefit payments		(1,099	)		(1,071	)
Settlements		(126	)		-
Balance at end of period		24,402			20,958
Funded status:
Excess (Deficiency) of plan assets over projected benefit obligation		1,651			(3,682	)
Unrecognized loss from experience different from that assumed		N/	A		N/	A
Funded status at end of year	$	1,651		$	(3,682	)

Change in Accumulated Other Comprehensive Income (Loss)

The change in accumulated other comprehensive income (loss) that resulted from the Employee Retirement Plan is summarized as follows:

	At December 31,
	2013			2012
Balance at beginning of period	$	(14,780	)	$	(15,193	)
Amortization of unrealized loss		1,803			1,792
Gain (loss) recognized during the year		4,179			(1,379	)
Balance at the end of the period	$	(8,798	)	$	(14,780	)
Period end component of accumulated other comprehensive loss (net of tax)		4,826			8,107

Schedule of Assumptions Used

Major assumptions utilized to determine the net periodic cost (credit) of the benefit obligations were as follows:

	At or for the Year Ended December 31,
	2013			2021
Discount rate used for net periodic cost (credit)		3.67	%		4.15	%
Discount rate used to determine benefit obligation at period end		4.56			3.67
Expected long-term return on plan assets used for net periodic cost (credit)		7.50			7.50
Expected long-term return on plan assets used to determine benefit obligation at period end		7.50			7.50

Fair Value Hierarchy of Plan's Investments

The following table sets forth by level within the fair value hierarchy a summary of the Employee Retirement Plan's investments measured at fair value on a recurring basis at December 31, 2013 (See Note 17 for a discussion of the fair value hierarchy).

	Fair Value Measurements Using
Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Mutual Funds (all registered and publicly traded):
Domestic Large Cap	$	6,621		-		-	$	6,621
Domestic Small Cap		3,455		-		-		3,455
International Equity		2,790		-		-		2,790
Fixed Income		4,747		-		-		4,747
Common collective investment funds:
Domestic Large Cap		-		4,435		-		4,435
Fixed Income		-		2,354		-		2,354
Total Plan Assets							$	24,402

The following table sets forth by level within the fair value hierarchy a summary of the Employee Retirement Plan's investments measured at fair value on a recurring basis at December 31, 2012 (See Note 17 for a discussion of the fair value hierarchy).

	Fair Value Measurements Using
Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Mutual Funds (all registered and publicly traded) :
Domestic Large Cap	$	3,437		-		-	$	3,437
Domestic Small Cap		2,596		-		-		2,596
International Equity		2,414		-		-		2,414
Common collective investment funds:
Domestic Large Cap		-		5,022		-		5,022
Fixed Income		-		7,489		-		7,489
Total Plan Assets							$	20,958

Weighted Average Allocation by Asset Category of the Assets

The weighted average allocation by asset category of the assets of the Employee Retirement Plan were summarized as follows:

	At December 31,
	2013			2012
Asset Category
Equity securities		71	%		64	%
Debt securities (bond mutual funds)		29			36
Total		100	%		100	%

Schedule of Expected Future Benefit Payments

Benefit payments, which reflect expected future service (as appropriate), are anticipated to be made as follows:

Year Ending December 31,
2014	$	1,537
2015		1,549
2016		1,545
2017		1,518
2018		1,522
2019 to 2023		7,300

Postretirement Benefit Plans [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

The Net Periodic (Credit) Cost

The Postretirement Benefit Plan net periodic cost included the following components:

	Year Ended December 31,
	2013		2012		2011
Service cost	$	60	$	83	$	133
Interest cost		227		236		345
Amortization of unrealized loss		48		2		116
Net periodic cost	$	335	$	321	$	594

Schedule of Accumulated and Projected Benefit Obligations

The funded status of the Postretirement Benefit Plan was as follows:

	At December 31, 2013			At December 31, 2012
Accumulated benefit obligation at end of period	$	4,998		$	6,191
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of period	$	6,191		$	8,988
Service cost		60			83
Interest cost		227			236
Actuarial gain		(1,352	)		(2,955	)
Benefit payments		(128	)		(161	)
Projected benefit obligation at end of period		4,998			6,191
Plan assets at fair value:
Balance at beginning of period		-			-
Contributions		128			161
Benefit payments		(128	)		(161	)
Balance at end of period		-			-
Funded status:
Deficiency of plan assets over projected benefit obligation		(4,998	)		(6,191	)
Unrecognized loss from experience different from that assumed		N/	A		N/	A
Unrecognized net past service liability		N/	A		N/	A
Accrued expense included in other liabilities	$	(4,998	)	$	(6,191	)

Change in Accumulated Other Comprehensive Income (Loss)

The change in accumulated other comprehensive income (loss) that resulted from the Postretirement Benefit Plan is summarized as follows:

	At December 31,
	2013			2012
Balance at beginning of period	$	(1,000	)	$	(4,007	)
Amortization of unrealized loss		48			2
Gain recognized during the year		1,352			3,005
Balance at the end of the period	$	400		$	(1,000	)
Period end component of accumulated other comprehensive loss (net of tax)		(219	)		549

Schedule of Assumptions Used

Major assumptions utilized to determine the net periodic cost were as follows:

	At or for the Year Ended December 31,
	2013			2012
Discount rate used for net periodic cost (credit)		3.72	%		4.28	%
Rate of increase in compensation levels used for net periodic cost (credit)		3.50			3.50
Discount rate used to determine benefit obligation at period end		4.72			3.72
Rate of increase in compensation levels used to determine benefit obligation at period end		3.50			3.50

Schedule of Expected Future Benefit Payments

Benefit payments under the Postretirement Benefit Plan, which reflect expected future service (as appropriate), are expected to be made as follows:

Year Ending December 31,
2014	$	169
2015		176
2016		184
2017		188
2018		193
2019 to 2023		1,012

BMP and Director Retirement Plan [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

The Net Periodic (Credit) Cost

The combined net periodic cost for the defined benefit portions of the BMP and the Director Retirement Plan included the following components:

	Year Ended December 31,
	2013		2012		2011
Service cost	$	-	$	-	$	-
Interest cost		281		304		346
Amortization of unrealized loss		545		372		242
Net periodic cost	$	826	$	676	$	588

Schedule of Accumulated and Projected Benefit Obligations

The combined funded status of the defined benefit portions of the BMP and the Director Retirement Plan was as follows:

	At December 31,
	2013			2012
Accumulated benefit obligation at end of period	$	8,645		$	8,958
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of period	$	8,958		$	8,112
Interest cost		281			304
Benefit payments		(181	)		(159	)
Actuarial (gain) loss		(413	)		701
Projected benefit obligation at end of period		8,645			8,958
Plan assets at fair value:
Balance at beginning of period		-			-
Contributions		181			159
Benefit payments		(181	)		(159	)
Balance at end of period		-			-
Funded status:
Deficiency of plan assets over projected benefit obligation		(8,645	)		(8,958	)
Unrecognized (gain) loss from experience different from that assumed		N/	A		N/	A
Unrecognized net past service liability		N/	A		N/	A
Accrued expense included in other liabilities	$	(8,645	)	$	(8,958	)

Change in Accumulated Other Comprehensive Income (Loss)

The combined change in accumulated other comprehensive income that resulted from the BMP and Director Retirement Plan is summarized as follows:

	At December 31,
	2013			2012
Balance at beginning of period	$	(2,039	)	$	(1,710	)
Adjustment for change in actuarial calculation		-			-
Amortization of unrealized loss		545			372
Gain (loss) recognized during the year		413			(701	)
Balance at the end of the period	$	(1,081	)	$	(2,039	)
Period end component of accumulated other comprehensive loss (net of tax)		593			1,119

Schedule of Assumptions Used

Major assumptions utilized to determine the net periodic cost and benefit obligations for both the BMP and Director Retirement Plan were as follows:

	At or For the Year Ended December 31,
	2013			2012
Discount rate used for net periodic cost (credit) – BMP		3.09	%		3.77	%
Discount rate used for net periodic cost (credit) – Director Retirement Plan		3.30			3.84
Discount rate used to determine BMP benefit obligation at period end		4.00			3.09
Discount rate used to determine Director Retirement Plan benefit obligation at period end		4.22			3.30

Schedule of Expected Future Benefit Payments

Combined benefit payments under the BMP and Director Retirement Plan, which reflect expected future service (as appropriate), are anticipated to be made as follows:

Year Ending December 31,
2014	$	727
2015		722
2016		749
2017		731
2018		711
2019 to 2023		3,312