EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2014

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

Schedule of Net Benefit Costs [Table Text Block]

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

	Year Ended December 31,
	2014			2013			2012
Interest cost	$	1,003		$	877		$	921
Expected return on plan assets		(1,774	)		(1,518	)		(1,451	)
Amortization of unrealized loss		948			1,803			1,792
Net periodic cost	$	177		$	1,162		$	1,262

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,
	2014	2013	2012
Interest cost	$347	$281	$304
Amortization of unrealized loss	98	545	372
Net periodic cost	$445	$826	$676

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

	Year Ended December 31,
	2014	2013	2012
Service cost	$41	$60	$83
Interest cost	232	227	236
Amortization of unrealized loss	-	48	2
Net periodic cost	$273	$335	$321

Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]

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

	At December 31,
	2014			2013
Accumulated benefit obligation at end of period	$	27,635		$	22,751
Reconciliation of Projected benefit obligation:
Projected benefit obligation at beginning of period	$	22,751		$	24,640
Interest cost		1,003			877
Actuarial (gain) loss		5,166			(1,541	)
Benefit payments		(1,183	)		(1,099	)
Settlements		(102	)		(126	)
Projected benefit obligation at end of period		27,635			22,751
Plan assets at fair value (investments in trust funds managed by trustee)
Balance at beginning of period		24,402			20,958
Return on plan assets		1,327			4,156
Contributions		13			513
Benefit payments		(1,183	)		(1,099	)
Settlements		(102	)		(126	)
Balance at end of period		24,457			24,402
Funded status at end of year	$	(3,178	)	$	1,651

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

	At December 31,
	2014			2013
Accumulated benefit obligation at end of period	$	11,077		$	8,645
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of period	$	8,645		$	8,958
Interest cost		347			281
Benefit payments		(181	)		(181	)
Actuarial (gain) loss		2,266			(413	)
Projected benefit obligation at end of period		11,077			8,645
Plan assets at fair value:
Balance at beginning of period		-			-
Contributions		181			181
Benefit payments		(181	)		(181	)
Balance at end of period		-			-
Funded status at the end of the year:	$	(11,077	)	$	(8,645	)

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

	At December 31,	At December 31,
	2014	2013
Accumulated benefit obligation at end of period	$4,284	$4,998
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of period	$4,998	$6,191
Service cost	41	60
Interest cost	232	227
Actuarial gain (loss)	309	(1,352)
Benefit payments	(95)	(128)
Plan amendments	(1,201)	-
Projected benefit obligation at end of period	4,284	4,998
Plan assets at fair value:
Balance at beginning of period	-	-
Contributions	95	128
Benefit payments	(95)	(128)
Balance at end of period	-	-
Funded status:
Deficiency of plan assets over projected benefit obligation	(4,284)	(4,998)
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	$(4,284)	$(4,998)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

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

	At December 31,
	2014	2013
Balance at beginning of period	$(8,798)	$(14,780)
Amortization of unrealized loss	948	1,803
Gain (loss) recognized during the year	(5,613)	4,179
Balance at the end of the period	$(13,463)	$(8,798)
Period end component of accumulated other comprehensive loss (net of tax)	7,384	4,826

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

	At December 31,
	2014	2013
Balance at beginning of period	$(1,081)	$(2,039)
Adjustment for change in actuarial calculation	-	-
Amortization of unrealized loss	98	545
Gain (loss) recognized during the year	(2,267)	413
Balance at the end of the period	$(3,250)	$(1,081)
Period end component of accumulated other comprehensive loss (net of tax)	1,782	593

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

	At December 31,
	2014	2013
Balance at beginning of period	$400	$(1,000)
Amortization of unrealized loss	-	48
Gain (loss) recognized during the year	(309)	1,352
Plan amendments	1,201	-
Balance at the end of the period	$1,292	$400
Period end component of accumulated other comprehensive loss (net of tax)	(709)	(219)

Schedule of Assumptions Used [Table Text Block]

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

	At or for the Year Ended December 31,
	2014	2013	2012
Discount rate used for net periodic cost	4.56%	3.67%	4.15%
Discount rate used to determine benefit obligation at period end	3.72	4.56	3.67
Expected long-term return on plan assets used for net periodic cost	7.50	7.50	7.50
Expected long-term return on plan assets used to determine benefit obligation at period end	7.00	7.50	7.50

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,
	2014	2013	2012
Discount rate used for net periodic cost  – BMP	4.00%	3.09%	3.77%
Discount rate used for net periodic cost – Director Retirement Plan	4.22	3.30	3.84
Discount rate used to determine BMP benefit obligation at period end	3.39	4.00	3.09
Discount rate used to determine Director Retirement Plan benefit obligation at period end	3.49	4.22	3.30

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

	At or for the Year Ended December 31,
	2014	2013	2012
Discount rate used for net periodic cost	4.72%	3.72%	4.28%
Rate of increase in compensation levels used for net periodic cost	3.50	3.50	3.50
Discount rate used to determine benefit obligation at period end	3.80	4.72	3.72
Rate of increase in compensation levels used to determine benefit obligation at period end	3.50	3.50	3.50

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

As of December 31, 2014, an escalation in the assumed medical care cost trend rates by 1% in each year would increase the net periodic cost by approximately $4.  A decline in the assumed medical care cost trend rates by 1% in each year would decrease the net periodic cost by approximately $5.

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

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, 2014 (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	$2,920	-	-	$2,920
Domestic Mid Cap	1,417	-	-	1,417
Domestic Small Cap	499	-	-	499
International Equity	3,076	-	-	3,076
Fixed Income	7,786	-	-	7,786
Cash equivalents	687	-	-	687
Common collective investment funds:
Domestic Large Cap	-	5,012	-	5,012
Domestic Mid Cap	-	679	-	679
Domestic Small Cap	-	1,483	-	1,483
International Equity	-	898	-	898
Total Plan Assets				$24,457

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

Schedule of Allocation of Plan Assets [Table Text Block]

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

	At or for the Year Ended December 31,
	2014	2013	2012
Discount rate used for net periodic cost	4.56%	3.67%	4.15%
Discount rate used to determine benefit obligation at period end	3.72	4.56	3.67
Expected long-term return on plan assets used for net periodic cost	7.50	7.50	7.50
Expected long-term return on plan assets used to determine benefit obligation at period end	7.00	7.50	7.50

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

	At December 31,
	2014	2013
Asset Category
Equity securities	66%	71%
Debt securities (bond mutual funds)	32	29
Cash equivalents	2	-
Total	100%	100%

The allocation percentages in the above table were consistent with future planned allocation percentages as of December 31, 2014 and 2013, respectively.

Schedule of Expected Benefit Payments [Table Text Block]

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, 2014 (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	$2,920	-	-	$2,920
Domestic Mid Cap	1,417	-	-	1,417
Domestic Small Cap	499	-	-	499
International Equity	3,076	-	-	3,076
Fixed Income	7,786	-	-	7,786
Cash equivalents	687	-	-	687
Common collective investment funds:
Domestic Large Cap	-	5,012	-	5,012
Domestic Mid Cap	-	679	-	679
Domestic Small Cap	-	1,483	-	1,483
International Equity	-	898	-	898
Total Plan Assets				$24,457

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

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

Year Ending December 31,
2015	$1,616
2016	1,639
2017	1,625
2018	1,616
2019	1,613
2020 to 2024	7,858

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,
2015	$792
2016	831
2017	819
2018	807
2019	792
2020 to 2024	3,870

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,
2015	$145
2016	155
2017	161
2018	168
2019	171
2020 to 2024	893

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

There were no stock options granted during the years ended December 31, 2014 and 2013.  The weighted average fair value per option at the date of grant for stock options granted during the year indicated was estimated as follows:

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

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]

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

	At or for the Year Ended December 31,
	2014	2013	2012
Options outstanding – beginning of period	1,615,771	2,456,137	2,893,760
Options granted	-	-	24,440
Weighted average exercise price of grants	$-	$-	$13.86
Options exercised	16,960	833,334	455,051
Weighted average exercise price of exercised options	$16.45	$13.47	$12.32
Options that expired prior to being exercised	618,895	7,032	7,012
Weighted average exercise price of forfeited options	$19.90	$16.93	$19.90
Options outstanding - end of period(1)	979,916	1,615,771	2,456,137
Weighted average exercise price of outstanding    options - end of period	$14.74	$16.74	$15.63
Remaining options available for grant	925,626	1,043,074	249,230
Vested options at end of period	960,641	1,563,493	2,317,799
Weighted average exercise price of vested    options – end of period	$14.73	$16.80	$15.78
Cash received for option exercise cost	278	11,228	5,608
Income tax benefit recognized	30	531	319
Compensation expense recognized	110	194	309
Remaining unrecognized compensation expense	31	141	335
Weighted average remaining years for which    compensation expense is to be recognized	0.3	1.2	1.8
Intrinsic value of options exercised during the period	$6	$2,569	$871
Intrinsic value of outstanding options at period end	1,690	2,243	722
Intrinsic value of vested options at period end	1,674	2,129	531

(1) At December 31, 2014, 2013 and 2012, respectively, expected forfeitures were immaterial.

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

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, 2014 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	4.3	24,582	4.3
$12.75	39,589	5.3	39,589	5.3
$13.74	370,062	2.3	370,062	2.3
$13.86	17,108	7.3	17,108	7.3
$15.10	257,579	0.4	257,579	0.4
$15.46	85,183	6.3	65,908	6.3
$16.45	59,360	0.1	59,360	0.1
$16.73	46,453	3.6	46,453	3.6
$18.18	80,000	3.4	80,000	3.4
Total	979,916	2.4	960,641	2.3

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

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,
	2014	2013	2012
Unvested allocated shares – beginning of period	318,314	328,003	324,454
Shares granted	121,333	145,925	141,289
Shares vested	141,361	155,614	135,369
Shares forfeited	8,626	-	2,371
Unvested allocated shares – end of period	289,660	318,314	328,003
Unallocated shares – end of period	-	-	-
Compensation recorded to expense	$1,976	$2,011	$1,842
Income tax benefit recognized	41	104	70
Fair value of shares vested during the period	$2,266	$1,944	$1,834
Weighted average remaining years for which compensation expense is to be recognized	1.2	1.2	1.3