FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2016

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:

			September 30, 2016
			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		$	-	$	15,822	$	-	$	15,822
	Investments available-for-sale:
		U.S. government agencies		-		54,764		-		54,764
		State and municipal		-		297,791		-		297,791
		Mortgage-backed		-		291,495		-		291,495
		Corporate debt		-		-		9,346		9,346
		Trust preferred		-		-		1,023		1,023
		Marketable equity securities		-		1,223		-		1,223
	Interest rate swap agreements			-		1,296		-		1,296
Liabilities
	Interest rate swap agreements		$	-	$	(1,296)	$	-	$	(1,296)

			December 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		$	-	$	15,457	$	-	$	15,457
	Investments available-for-sale:
		U.S. government agencies		-		108,400		-		108,400
		State and municipal		-		164,707		-		164,707
		Mortgage-backed		-		316,696		-		316,696
		Trust preferred		-		-		1,023		1,023
		Marketable equity securities		-		1,223		-		1,223
	Interest rate swap agreements			-		1,312		-		1,312
Liabilities
	Interest rate swap agreements		$	-	$	(1,312)	$	-	$	(1,312)

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, 2016		$	1,023
		Transfer into Level 3		2,116
		Purchases of Level 3 assets		7,000
		Total unrealized gains included in other comprehensive income (loss)		230
	Balance at September 30, 2016		$	10,369

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:

		September 30, 2016
		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		$	-	$	-	$	9,052	$	9,052	$	10,291
Other real estate owned			-		-		1,274		1,274		(107)
	Total	$	-	$	-	$	10,326	$	10,326	$	10,184

		December 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		$	-	$	-	$	9,349	$	9,349	$	10,348
Other real estate owned			-		-		2,742		2,742		(80)
	Total	$	-	$	-	$	12,091	$	12,091	$	10,268

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
	September 30, 2016				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
Other equity securities	$	35,829	$	35,829	$	-	$	35,829	$	-
Loans, net of allowance		3,736,565		3,769,922		-		-		3,769,922
Other assets		92,711		92,711		-		92,711		-
Financial Liabilities
Time deposits	$	576,716	$	578,905	$	-	$	578,905	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		124,205		124,205		-		124,205		-
Advances from FHLB		550,000		566,191		-		566,191		-
Subordinated debentures		30,000		14,505		-		-		14,505

					Fair Value Measurements
	December 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	$	249,601	$	253,040	$	-	$	253,040	$	-
Loans, net of allowance		3,454,475		3,526,807		-		-		3,526,807
Other assets		90,866		90,866		-		90,866		-
Financial Liabilities
Time deposits	$	508,444	$	508,000	$	-	$	508,000	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		109,145		109,145		-		109,145		-
Advances from FHLB		685,000		704,410		-		704,410		-
Subordinated debentures		35,000		14,694		-		-		14,694