FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Financial assets and Liabilities at Dates Indicated that were Accounted for at Fair Value

The following tables set forth the Company’s financial assets and liabilities at the dates indicated that were accounted for or disclosed at fair value. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

			March 31, 2015
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
(In thousands)			(Level 1)		(Level 2)		(Level 3)		Total
Assets
	Residential mortgage loans held for sale		$	-	$	13,899	$	-	$	13,899
	Investments available-for-sale:
		U.S. government agencies		-		143,895		-		143,895
		State and municipal		-		165,786		-		165,786
		Mortgage-backed		-		346,303		-		346,303
		Trust preferred		-		-		1,002		1,002
		Marketable equity securities		-		723		-		723
	Interest rate swap agreements			-		1,561		-		1,561
Liabilities
	Interest rate swap agreements		$	-	$	(1,561)	$	-	$	(1,561)

			December 31, 2014
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
(In thousands)			(Level 1)		(Level 2)		(Level 3)		Total
Assets
	Residential mortgage loans held for sale		$	-	$	10,512	$	-	$	10,512
	Investments available-for-sale:
		U.S. government agencies		-		141,679		-		141,679
		State and municipal		-		167,052		-		167,052
		Mortgage-backed		-		361,519		-		361,519
		Trust preferred		-		-		1,236		1,236
		Marketable equity securities		-		723		-		723
	Interest rate swap agreements			-		1,501		-		1,501
Liabilities
	Interest rate swap agreements		$	-	$	(1,501)	$	-	$	(1,501)

Unrealized Losses Included in Assets Measured in Condensed Consolidated Statements of Condition at Fair Value on a Recurring Basis

The following table provides unrealized losses included in assets measured in the Condensed Consolidated Statements of Condition at fair value on a recurring basis for the period indicated:

			Significant
			Unobservable
			Inputs
(In thousands)			(Level 3)
Investments available-for-sale:
	Balance at January 1, 2015		$	1,236
		Principal redemption		(234)
	Balance at March 31, 2015		$	1,002

Assets Measured at Fair Value on Nonrecurring Basis

The following table sets forth the Company’s financial assets subject to fair value adjustments (impairment) on a nonrecurring basis at the date indicated that are valued at the lower of cost or market. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

		March 31, 2015
		Quoted Prices in		Significant
		Active Markets		Other		Significant
		for Identical		Observable		Unobservable
(In thousands)		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total		Total Losses
Impaired loans		$	-	$	-	$	8,005	$	8,005	$	15,606
Other real estate owned			-		-		3,227		3,227		(247)
	Total	$	-	$	-	$	11,232	$	11,232	$	15,359

		December 31, 2014
		Quoted Prices in		Significant
		Active Markets		Other		Significant
		for Identical		Observable		Unobservable
(In thousands)		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total		Total Losses
Impaired loans		$	-	$	-	$	7,819	$	7,819	$	13,893
Other real estate owned			-		-		3,195		3,195		(247)
	Total	$	-	$	-	$	11,014	$	11,014	$	13,646

Carrying Amounts And Fair Values of Company's Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at the dates indicated are presented in the following table:

					Fair Value Measurements
	March 31, 2015				Quoted Prices in
			Estimated		Active Markets for		Significant Other		Significant
	Carrying		Fair		Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Investments held-to-maturity and other equity securities	$	254,856	$	258,986	$	-	$	258,986	$	-
Loans, net of allowance		3,127,231		3,155,845		-		-		3,155,845
Other assets		89,011		89,011		-		89,011		-
Financial Liabilities
Time Deposits	$	450,747	$	451,591	$	-	$	451,591	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		101,640		101,640		-		101,640		-
Advances from FHLB		590,000		616,141		-		616,141		-
Subordinated debentures		35,000		13,721		-		-		13,721

					Fair Value Measurements
	December 31, 2014				Quoted Prices in
			Estimated		Active Markets for		Significant Other		Significant
	Carrying		Fair		Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Investments held-to-maturity and other equity securities	$	261,410	$	263,697	$	-	$	263,697	$	-
Loans, net of allowance		3,089,590		3,118,635		-		-		3,118,635
Other assets		88,657		88,657		-		88,657		-
Financial Liabilities
Time Deposits	$	444,922	$	444,729	$	-	$	444,729	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		74,432		74,432		-		74,432		-
Advances from FHLB		655,000		679,163		-		679,163		-
Subordinated debentures		35,000		13,276		-		-		13,276