INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

(Dollars in Thousands)	2017		2016		2015
Current:
Federal	$	5,792	$	2,295	$	497
State		140		115		115
		5,932		2,410		612
Deferred:
Federal		1,232		2,742		3,258
State		974		712		475
Expense Due to Enactment of Federal Tax Reform		4,066		-		-
Change in Valuation Allowance		(1)		3		114
		6,271		3,457		3,847
Total:
Federal		7,024		5,037		3,755
State		1,114		827		590
Expense Due to Enactment of Federal Tax Reform		4,066		-		-
Change in Valuation Allowance		(1)		3		114
Total	$	12,203	$	5,867	$	4,459

Schedule of effective income tax rate reconciliation

(Dollars in Thousands)	2017		2016		2015
Tax Expense at Federal Statutory Rate	$	8,074	$	6,165	$	4,751
Increases (Decreases) Resulting From:
Tax-Exempt Interest Income		(805)		(662)		(395)
State Taxes, Net of Federal Benefit		724		538		390
Other		439		121		562
Change in Valuation Allowance		(1)		3		114
Tax-Exempt Cash Surrender Value Life Insurance Benefit		(294)		(298)		(303)
Excess Death Benefit Payment		-		-		(660)
Expense Due to Enactment of Federal Tax Reform		4,066		-		-
Actual Tax Expense	$	12,203	$	5,867	$	4,459

Schedule of deferred income tax liabilities and assets

(Dollars in Thousands)	2017		2016
Deferred Tax Assets Attributable to:
Allowance for Loan Losses	$	3,373	$	5,182
Accrued Pension/SERP		10,289		16,107
State Net Operating Loss and Tax Credit Carry-Forwards		5,074		4,804
Other Real Estate Owned		1,520		3,550
Federal Net Operating Loss and Tax Credit Carry-Forwards		50		401
Accrued SERP Liability		1,398		1,824
Other		1,787		2,414
Total Deferred Tax Assets	$	23,491	$	34,282
Deferred Tax Liabilities Attributable to:
Depreciation on Premises and Equipment	$	3,272	$	5,480
Deferred Loan Fees and Costs		2,266		3,342
Intangible Assets		3,035		4,319
Investments		469		714
Other		5		10
Total Deferred Tax Liabilities		9,047		13,865
Valuation Allowance		1,755		1,445
Net Deferred Tax Asset	$	12,689	$	18,972