FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

The following table summarizes, for the periods indicated, assets measured at fair value on a recurring basis, including financial assets for which the Company has elected the fair value option:

				Fair Value Measurements Using
				Quoted
				Prices In
				Active
				Markets		Significant
				For		Other			Significant
				Identical		Observable			Unobservable
				Assets		Inputs			Inputs
(In thousands)	December 31, 2017			(Level 1)		(Level 2)			(Level 3)
Assets:
Securities available for sale:
U.S. government-sponsored agencies	$	43,701		$	—	$	43,701		$	—
Mortgage-backed securities-residential		243,116			—		243,116			—
SBA pool securities		5,205			—		5,205			—
State and political subdivisions		24,868			—		24,868			—
Corporate bond		3,082			—		3,082			—
Single-issuer trust preferred security		2,837			—		2,837			—
CRA investment fund		4,824			4,824		—			—
Loans held for sale, at fair value		984			—		984			—
Derivatives:
Cash flow hedges		1,394			—		1,394			—
Loan level swaps		3,131			—		3,131			—
Total	$	333,142		$	4,824	$	328,318		$	—
Liabilities:
Derivatives:
Cash flow hedges		—			—		—			—
Loan level swaps		(3,131	)		—		(3,131	)		—
Total	$	(3,131	)	$	—	$	(3,131	)	$	—
(In thousands)	December 31, 2016
Assets:
Securities available for sale:
U.S. government-sponsored agencies	$	21,517		$	—	$	21,517		$	—
Mortgage-backed securities-residential		237,617			—		237,617			—
SBA pool securities		6,713			—		6,713			—
State and political subdivisions		28,993			—		28,993			—
Corporate bond		3,113			—		3,113
Single-issuer trust preferred security		2,610			—		2,610			—
CRA investment fund		4,825			4,825		—			—
Loans held for sale, at fair value		1,200			—		1,200			—
Derivatives:
Cash flow hedges		123			—		123			—
Loan level swaps		1,543			—		1,543			—
Total	$	308,254		$	4,825	$	303,429		$	—
Liabilities:
Derivatives:
Cash flow hedges		(867	)		—		(867	)		—
Loan level swaps		(1,543	)		—		(1,543	)		—
Total	$	(2,410	)	$	—	$	(2,410	)	$	—

Schedule of residential loans held for sale

The following tables present residential loans held for sale, at fair value for the periods indicated:

	December 31, 2017		December 31, 2016
Residential loans contractual balance	$	972	$	1,181
Fair value adjustment		12		19
Total fair value of residential loans held for sale	$	984	$	1,200

Schedule of assets measured at fair value on a non- recurring basis

The following table summarizes, for the periods indicated, assets measured at fair value on a non-recurring basis:

			Fair Value Measurements Using
			Quoted
			Prices In
			Active
			Markets		Significant
			For		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(In thousands)	December 31, 2016		(Level 1)		(Level 2)		(Level 3)
Assets:
Impaired loans:
Investment commercial real estate	$	245	$	—	$	—	$	245

Schedule of carrying amounts and estimated fair values of financial instruments

The carrying amounts and estimated fair values of financial instruments at December 31, 2017 are as follows:

			Fair Value Measurements at December 31, 2017 Using
	Carrying
(In thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	113,447	$	113,447	$	—	$	—	$	113,447
Securities available for sale		327,633		4,824		322,809		—		327,633
FHLB and FRB stock		13,378		—		—		—		N/A
Loans held for sale, at fair value		984		—		984		—		984
Loans held for sale, at lower of cost
or fair value		187		—		206		—		206
Loans, net of allowance for loan losses		3,668,000		—		—		3,649,132		3,649,132
Accrued interest receivable		9,452		—		1,041		8,411		9,452
Cash flow hedges		1,394		—		1,394		—		1,394
Loan level swaps		3,131		—		3,131		—		3,131
Financial liabilities
Deposits	$	3,698,354	$	3,082,728	$	612,591	$	—	$	3,695,319
Federal Home Loan Bank advances		37,898		—		37,907		—		37,907
Subordinated debt		83,024		—		—		84,150		84,150
Accrued interest payable		1,756		192		1,495		69		1,756
Loan level swaps		3,131		—		3,131		—		3,131

The carrying amounts and estimated fair values of financial instruments at December 31, 2016 are as follows:

			Fair Value Measurements at December 31, 2016 Using
	Carrying
(In thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	162,691	$	162,691	$	—	$	—	$	162,691
Securities available for sale		305,388		4,825		300,563		—		305,388
FHLB and FRB stock		13,813		—		—		—		N/A
Loans held for sale, at fair value		1,200		—		1,200		—		1,200
Loans held for sale, at lower of cost
or fair value		388		—		428		—		428
Loans, net of allowance for loan losses		3,279,936		—		—		3,256,837		3,256,837
Accrued interest receivable		8,153		—		899		7,254		8,153
Cash flow hedges		123		—		123		—		123
Loan level swaps		1,543		—		1,543		—		1,543
Financial liabilities
Deposits	$	3,411,837	$	2,861,116	$	549,332	$	—	$	3,410,448
Federal Home Loan Bank advances		61,795		—		62,286		—		62,286
Subordinated debt		48,764		—		—		48,768		48,768
Accrued interest payable		1,127		161		966		—		1,127
Cash flow hedges		867		—		867		—		867
Loan level swaps		1,543		—		1,543		—		1,543