FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Measurements Tables

Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

A summary of fair values for assets and liabilities recorded at fair value at December 31 consisted of the following:

(Dollars in Thousands)	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
2015
Securities Available for Sale:
U.S. Government Treasury	$	250,346	$	—	$	—	$	250,346
U.S. Government Agency		—		101,824		—		101,824
States and Political Subdivisions		—		88,362		—		88,362
Mortgage-Backed Securities		—		1,901		—		1,901
Equity Securities		—		8,595		—		8,595
2014
Securities Available for Sale:
U.S. Government Treasury	$	186,031	$	—	$	—	$	186,031
U.S. Government Agency		—		96,097		—		96,097
State and Political Subdivisions		—		48,388		—		48,388
Mortgage-Backed Securities		—		2,287		—		2,287
Equity Securities		—		8,745		—		8,745

Schedule of financial instruments with estimated fair values

A summary of estimated fair values of significant financial instruments at December 31 consisted of the following:

	2015
(Dollars in Thousands)	Carrying Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
ASSETS:
Cash	$	51,288	$	51,288	$	—	$	—
Short-Term Investments		327,617		327,617		—		—
Investment Securities, Available for Sale		451,028		250,346		200,682		—
Investment Securities, Held to Maturity		187,892		134,439		52,968		—
Loans Held for Sale		11,632		—		11,632
Loans, Net of Allowance for Loan Losses		1,478,322		—		—		1,483,926
LIABILITIES:
Deposits	$	2,302,849	$	—	$	2,228,210	$	—
Short-Term Borrowings		61,058		—		64,947		—
Subordinated Notes Payable		62,887		—		49,230		—
Long-Term Borrowings		28,265		—		30,448		—

	2014
(Dollars in Thousands)	Carrying Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
ASSETS:
Cash	$	55,467	$	55,467	$	—	$	—
Short-Term Investments		329,589		329,589		—		—
Investment Securities, Available for Sale		341,548		186,031		155,517		—
Investment Securities, Held to Maturity		163,581		76,317		87,095		—
Loans Held for Sale		10,688		—		10,688
Loans, Net of Allowance for Loan Losses		1,413,835		—		—		1,369,314
LIABILITIES:
Deposits	$	2,146,794	$	—	$	2,146,510	$	—
Short-Term Borrowings		49,425		—		48,760		—
Subordinated Notes Payable		62,887		—		62,887		—
Long-Term Borrowings		31,097		—		32,313		—