|
INCOME TAXES (Details 2) (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Deferred tax assets: |
|
|
| Reserve for bad debts |
$ 20,450 |
$ 21,225 |
| Pension and postretirement liabilities (ASC 715) |
9,676 |
14,678 |
| Pension and postretirement benefits |
|
4,031 |
| Federal income tax credits |
11,663 |
4,591 |
| Deferred compensation |
5,757 |
5,291 |
| Non-accrual interest on loans |
|
3,465 |
| State net operating loss carryover/state credits |
1,478 |
1,448 |
| Purchase accounting adjustments |
2,638 |
4,451 |
| Charitable contribution carryforward |
357 |
270 |
| Lease accounting |
675 |
603 |
| OREO |
1,249 |
1,957 |
| Federal net operating loss carryover |
33 |
33 |
| Available-for-sale securities |
2,950 |
|
| Accrued expenses and other |
2,542 |
2,144 |
| Deferred tax assets, gross |
59,468 |
64,187 |
| Less: Valuation Allowance |
(1,431) |
(971) |
| Total |
58,037 |
63,216 |
| Deferred tax liabilities: |
|
|
| Available-for-sale securities |
|
10,911 |
| Pension and postretirement benefits |
4,830 |
|
| Intangibles |
2,412 |
2,498 |
| Premises and equipment |
230 |
857 |
| Prepaid expenses and deferred loan costs |
1,393 |
1,376 |
| Mortgage servicing rights and other |
560 |
495 |
| Total |
9,425 |
16,137 |
| Net deferred tax assets |
$ 48,612 |
$ 47,079 |