FAIR VALUE DISCLOSURE (Tables)

12 Months Ended

Dec. 31, 2014

FAIR VALUE DISCLOSURE [Abstract]

Assets measured at fair value on a recurring basis

Assets measured at fair value on a recurring basis as of December 31, 2014, presented in accordance with this guidance, are as follows.

	As of December 31, 2014
	Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Debt securities:
United States government obligations and authorities	$	46,002	$	16,321	$	-	$	62,323
Obligations of states and political subdivisions		-		91,614		-		91,614
Corporate		-		119,024		-		119,024
International		-		11,138		-		11,138
		46,002		238,097		-		284,099
Equity securities:
Common stocks		39,247		-		-		39,247
		39,247		-		-		39,247
Total debt and equity securities	$	85,249	$	238,097	$	-	$	323,346