INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the deferred tax assets and liabilities are as follows:

	September 30,		December 31,
	2016		2015
	(Dollars in thousands)
Deferred tax assets:
Loan loss reserves	$	6,382	$	6,199
Postretirement benefits		104		564
Depreciation		742		611
Other real estate owned valuation		351		430
Tax credits carryforward		1,416		951
Unrealized loss on securities available for sale		—		1,341
Unrealized loss on securities held to maturity		454		517
Interest on nonaccrual loans		978		834
Net operating loss carryforward		10,817		16,903
Purchase accounting adjustment		89		90
Accrued bonuses		799		723
Other		59		50
Deferred tax assets		22,191		29,213
Deferred tax liabilities:
Deferred loan fees		1,002		510
Federal Home Loan Bank stock dividends		4,585		4,585
Mortgage servicing rights		1,839		1,976
FHLB prepayment penalty		854		1,059
Unrealized gains on securities available for sale		3,775		—
Postretirement benefits accrual		97		447
Prepaid expenses		155		215
Deferred tax liabilities		12,307		8,792
Net deferred tax asset	$	9,884	$	20,421