FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

Under ASC 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at September 30, 2015 and December 31, 2014 included:

			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Fair Value		Assets		Inputs		Inputs
(Dollars in thousands)	Measurements		(Level 1)		(Level 2)		(Level 3)
At September 30, 2015:
Available for sale securities (1)	$	728,161	$	3,929	$	724,232	$	0
Loans held for sale (2)		16,738		0		16,738		0
Loans (3)		8,226		0		6,206		2,020
Other real estate owned (4)		7,433		0		1,091		6,342

At December 31, 2014:
Available for sale securities (1)	$	741,375	$	3,899	$	737,476	$	0
Loans held for sale (2)		12,078		0		12,078		0
Loans (3)		10,409		0		8,324		2,085
Other real estate owned (4)		7,462		0		1,468		5,994

(1)	See Note D for further detail of fair value of individual investment categories.

(2)	Recurring fair value basis determined using observable market data.

(3)

See Note F. Nonrecurring fair value adjustments to loans identified as impaired reflect full or partial write-downs that are based on the loan’s observable market price or current appraised value of the collateral in accordance with ASC 310.

(4)	Fair value is measured on a nonrecurring basis in accordance with ASC 360.

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

The carrying amount and fair value of the Company’s other significant financial instruments that are not measured at fair value on a recurring basis in the balance sheet as of September 30, 2015 and December 31, 2014 is as follows:

			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
(Dollars in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
At September 30, 2015:
Financial Assets
Securities held to maturity (1)	$	209,047	$	0	$	212,362	$	0
Loans, net		2,071,893		0		0		2,085,632
Financial Liabilities
Deposit liabilities		2,742,296		0		0		2,742,915
Borrowings		50,000		0		52,387		0
Subordinated debt		69,891		0		59,169		0

At December 31, 2014:
Financial Assets
Securities held to maturity (1)	$	207,904	$	0	$	208,788	$	0
Loans, net		1,794,405		0		0		1,814,746
Financial Liabilities
Deposit liabilities		2,416,534		0		0		2,417,355
Borrowings		50,000		0		53,584		0
Subordinated debt		64,583		0		53,861		0

(1) See Note D for further detail of fair value of individual investment categories.

Schedule of contractual balance and gains or losses aggregate fair value [Table Text Block]

At September 30, 2015 and December 31, 2014, the aggregate fair value, contractual balance (including accrued interest) and gains or losses was as follows:

	September 30,		December 31,
(Dollars in thousands)	2015		2014
Aggregate fair value	$	16,738	$	12,078
Contractual balance		16,310		11,769
Gains (losses)		428		309