EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015			2014			2013
Interest cost	$	998		$	1,003		$	877
Expected return on plan assets		(1,656	)		(1,774	)		(1,518	)
Amortization of unrealized loss		1,677			948			1,803
Net periodic cost	$	1,019		$	177		$	1,162

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,
	2015		2014		2013
Interest cost	$	375	$	347	$	281
Amortization of unrealized loss		242		98		545
Net periodic cost	$	617	$	445	$	826

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

	Year Ended December 31,
	2015			2014		2013
Service cost	$	9		$	41	$	60
Interest cost		94			232		227
Curtailment gain(1)		(3,394	)		-		-
Amortization of unrealized loss		(19	)		-		48
Net periodic (credit) cost	$	(3,310	)	$	273	$	335

(1)The Postretirement Plan was amended effective March 31, 2015, whereby post-amendment retirees are not eligible to participate in the plan. The amendment resulted in a curtailment gain.

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

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

	At December 31,
	2015			2014
Accumulated benefit obligation at end of period	$	25,396		$	27,635
Reconciliation of Projected benefit obligation:
Projected benefit obligation at beginning of period	$	27,635		$	22,751
Interest cost		998			1,003
Actuarial (gain) loss		(1,796	)		5,166
Benefit payments		(1,289	)		(1,183	)
Settlements		(152	)		(102	)
Projected benefit obligation at end of period		25,396			27,635
Plan assets at fair value (investments in trust funds managed by trustee)
Balance at beginning of period		24,457			24,402
Return (loss) on plan assets		(355	)		1,327
Contributions		15			13
Benefit payments		(1,289	)		(1,183	)
Settlements		(152	)		(102	)
Balance at end of period		22,676			24,457
Funded status at end of year	$	(2,720	)	$	(3,178	)

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

	At December 31,
	2015			2014
Accumulated benefit obligation at end of period	$	11,062		$	11,077
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of period	$	11,077		$	8,645
Interest cost		375			347
Benefit payments		(171	)		(181	)
Actuarial (gain) loss		(219	)		2,266
Projected benefit obligation at end of period		11,062			11,077
Plan assets at fair value:
Balance at beginning of period		-			-
Contributions		171			181
Benefit payments		(171	)		(181	)
Balance at end of period		-			-
Funded status at the end of the year:	$	(11,062	)	$	(11,077	)

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

	At December 31,			At December 31,
	2015			2014
Accumulated benefit obligation at end of period	$	1,825		$	4,284
Reconciliation of projected benefit obligation:
Projected benefit obligation at beginning of period	$	4,284		$	4,998
Service cost		9			41
Interest cost		94			232
Actuarial gain (loss)		(143	)		309
Benefit payments		(89	)		(95	)
Plan amendments		-			(1,201	)
Curtailment		(2,330	)		-
Projected benefit obligation at end of period		1,825			4,284
Plan assets at fair value:
Balance at beginning of period		-			-
Contributions		89			95
Benefit payments		(89	)		(95	)
Balance at end of period		-			-
Funded status:
Deficiency of plan assets over projected benefit obligation		(1,825	)		(4,284	)
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	$	(1,825	)	$	(4,284	)

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,
	2015			2014
Balance at beginning of period	$	(13,463	)	$	(8,798	)
Amortization of unrealized loss		1,677			948
Loss recognized during the year		(215	)		(5,613	)
Balance at the end of the period	$	(12,001	)	$	(13,463	)
Period end component of accumulated other comprehensive loss (net of tax)		6,582			7,384

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

	At December 31,
	2015			2014
Balance at beginning of period	$	(3,250	)	$	(1,081	)
Amortization of unrealized loss		242			98
Gain (loss) recognized during the year		220			(2,267	)
Balance at the end of the period	$	(2,788	)	$	(3,250	)
Period end component of accumulated other comprehensive loss (net of tax)		1,529			1,782

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

	At December 31,
	2015			2014
Balance at beginning of period	$	1,292		$	400
Amortization of unrealized loss		(19	)		-
Gain (loss) recognized during the year		142			(309	)
Recognition of prior service cost		(1,064	)		-
Plan amendments		-			1,201
Balance at the end of the period	$	351		$	1,292
Period end component of accumulated other comprehensive loss (net of tax)		(192	)		(709	)

Schedule of Assumptions Used [Table Text Block]

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

	At or for the Year Ended December 31,
	2015	2014	2013
Discount rate used for net periodic cost	3.72%	4.56%	3.67%
Discount rate used to determine benefit obligation at period end	3.98	3.72	4.56
Expected long-term return on plan assets used for net periodic cost	7.00	7.50	7.50
Expected long-term return on plan assets used to determine benefit obligation at period end	7.00	7.00	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,
	2015	2014	2013
Discount rate used for net periodic cost  – BMP	3.39%	4.00%	3.09%
Discount rate used for net periodic cost – Director Retirement Plan	3.49	4.22	3.30
Discount rate used to determine BMP benefit obligation at period end	3.54	3.39	4.00
Discount rate used to determine Director Retirement Plan benefit obligation at period end	3.67	3.49	4.22

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

	At or for the Year Ended December 31,
	2015	2014	2013
Discount rate used for net periodic cost	3.80%	4.72%	3.72%
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	3.58	3.80	4.72
Rate of increase in compensation levels used to determine benefit obligation at period end	3.50	3.50	3.50

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, 2015 (See Note 16 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	$	2,617		-		-	$	2,617
Domestic Mid Cap		1,098		-		-		1,098
Domestic Small Cap		402		-		-		402
International Equity		2,551		-		-		2,551
Fixed Income		9,140		-		-		9,140
Cash equivalents		338		-		-		338
Common collective investment funds:
Domestic Large Cap		-		4,028		-		4,028
Domestic Mid Cap		-		541		-		541
Domestic Small Cap		-		1,184		-		1,184
International Equity		-		777		-		777
Total Plan Assets							$	22,676

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 16 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

Schedule of Allocation of Plan Assets [Table Text Block]

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

	At or for the Year Ended December 31,
	2015	2014	2013
Discount rate used for net periodic cost	3.72%	4.56%	3.67%
Discount rate used to determine benefit obligation at period end	3.98	3.72	4.56
Expected long-term return on plan assets used for net periodic cost	7.00	7.50	7.50
Expected long-term return on plan assets used to determine benefit obligation at period end	7.00	7.00	7.50

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

	At December 31,
	2015			2014
Asset Category
Equity securities		58	%		66	%
Debt securities (bond mutual funds)		40			32
Cash equivalents		2			2
Total		100	%		100	%

The allocation percentages in the above table were consistent with future planned allocation percentages as of December 31, 2015 and 2014, respectively.

Schedule of Expected Benefit Payments [Table Text Block]

Benefit payments are anticipated to be made as follows:

Year Ending December 31,
2016	$	1,579
2017		1,574
2018		1,569
2019		1,573
2020		1,568
2021 to 2025		7,640

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,
2016	$	894
2017		882
2018		867
2019		849
2020		859
2021 to 2025		4,026

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,
2016	$	116
2017		113
2018		109
2019		104
2020		97
2021 to 2025		390

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

There were no stock options granted during the years ended December 31, 2015, 2014 and 2013.

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

	At or for the Year Ended December 31,
	2015		2014		2013
Options outstanding – beginning of period		979,916		1,615,771		2,456,137
Options granted		-		-		-
Weighted average exercise price of grants	$	-	$	-	$	-
Options exercised		455,310		16,960		833,334
Weighted average exercise price of exercised options	$	14.39	$	16.45	$	13.47
Options that expired prior to being exercised		59,360		618,895		7,032
Weighted average exercise price of forfeited options	$	16.45	$	19.90	$	16.93
Options outstanding - end of period(1)		465,246		979,916		1,615,771
Weighted average exercise price of outstanding options - end of period	$	14.87	$	14.74	$	16.74
Remaining options available for grant		858,489		925,626		1,043,074
Vested options at end of period		465,246		960,641		1,563,493
Weighted average exercise price of vested options – end of period	$	14.87	$	14.73	$	16.80
Cash received for option exercise cost		6,549		278		11,228
Income tax benefit recognized		264		30		531
Compensation expense recognized		31		110		194
Remaining unrecognized compensation expense		-		31		141
Weighted average remaining years for which compensation expense is to be recognized		-		0.3		1.2
Intrinsic value of options exercised during the period	$	1,143	$	6	$	2,569
Intrinsic value of outstanding options at period end		1,273		1,690		2,243
Intrinsic value of vested options at period end		1,273		1,674		2,129

(1) At December 31, 2015, 2014 and 2013, 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, 2015 were as follows:

		Outstanding Options				Vested Options
Exercise Prices		Amount		Weighted Average Contractual Years Remaining		Amount		Weighted Average Contractual Years Remaining
$	8.34		13,713		3.3		13,713		3.3
$	12.75		33,682		4.3		33,682		4.3
$	13.74		192,750		1.3		192,750		1.3
$	13.86		17,108		6.3		17,108		6.3
$	15.46		83,371		5.3		83,371		5.3
$	16.73		44,622		2.6		44,622		2.6
$	18.18		80,000		2.4		80,000		2.4
Total			465,246		1.4		465,246		1.4

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,
	2015		2014		2013
Unvested allocated shares – beginning of period		289,660		318,314		328,003
Shares granted		68,069		121,333		145,925
Shares vested		132,377		141,361		155,614
Shares forfeited		1,458		8,626		-
Unvested allocated shares – end of period		223,894		289,660		318,314
Unallocated shares – end of period		-		-		-
Compensation recorded to expense	$	1,855	$	1,976	$	2,011
Income tax benefit recognized		39		41		104
Fair value of shares vested during the period	$	1,652	$	2,266	$	1,944
Weighted average remaining years for which compensation expense is to be recognized		1.0		1.2		1.2