FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017
			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		$	-	$	17,717	$	-	$	17,717
	Investments available-for-sale:
		U.S. government agencies		-		121,769		-		121,769
		State and municipal		-		334,488		-		334,488
		Mortgage-backed		-		346,262		-		346,262
		Corporate debt		-		-		9,404		9,404
		Trust preferred		-		-		950		950
		Marketable equity securities		-		1,223		-		1,223
	Interest rate swap agreements			-		926		-		926
Liabilities
	Interest rate swap agreements		$	-	$	(926)	$	-	$	(926)

			December 31, 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		$	-	$	13,222	$	-	$	13,222
	Investments available-for-sale:
		U.S. government agencies		-		121,790		-		121,790
		State and municipal		-		287,684		-		287,684
		Mortgage-backed		-		312,711		-		312,711
		Corporate debt		-		-		9,134		9,134
		Trust preferred		-		-		1,012		1,012
		Marketable equity securities		-		1,223		-		1,223
	Interest rate swap agreements			-		1,010		-		1,010
Liabilities
	Interest rate swap agreements		$	-	$	(1,010)	$	-	$	(1,010)

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, 2017		$	10,146
		Principal redemption		(82)
		Total unrealized gains included in other comprehensive loss		290
	Balance at March 31, 2017		$	10,354

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, 2017
		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		$	-	$	-	$	9,078	$	9,078	$	(11,170)
Other real estate owned			-		-		1,294		1,294		(107)
	Total	$	-	$	-	$	10,372	$	10,372	$	(11,277)

		December 31, 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		$	-	$	-	$	8,981	$	8,981	$	(10,600)
Other real estate owned			-		-		1,911		1,911		(107)
	Total	$	-	$	-	$	10,892	$	10,892	$	(10,707)

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, 2017				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	$	41,611	$	41,611	$	-	$	41,611	$	-
Loans, net of allowance		3,949,135		3,998,985		-		-		3,998,985
Other assets		93,922		93,922		-		93,922		-
Financial Liabilities
Time deposits	$	609,209	$	607,589	$	-	$	607,589	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		141,244		141,244		-		141,244		-
Advances from FHLB		675,000		683,959		-		683,959		-

					Fair Value Measurements
	December 31, 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	$	46,094	$	46,094	$	-	$	46,094	$	-
Loans, net of allowance		3,883,741		3,933,700		-		-		3,933,700
Other assets		93,328		93,328		-		93,328		-
Financial Liabilities
Time deposits	$	586,039	$	584,868	$	-	$	584,868	$	-
Securities sold under retail repurchase agreements and
federal funds purchased		125,119		125,119		-		125,119		-
Advances from FHLB		790,000		800,756		-		800,756		-
Subordinated debentures		30,000		29,985		-		-		29,985