DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Information about Derivatives

The following table presents information about the interest rate swaps designated as cash flow hedges as of September 30, 2018 and December 31, 2017:

(Dollars in thousands)	September 30, 2018			December 31, 2017
Notional amount	$	230,000		$	180,000
Weighted average pay rate		2.04	%		1.64	%
Weighted average receive rate		2.07	%		1.33	%
Weighted average maturity		2.90	years		2.25	years
Unrealized gain, net	$	3,536		$	1,394
Number of contracts		11			9

Schedule of Net Gains/(Losses)

The following table presents the net gain recorded in accumulated other comprehensive (loss)/income and the consolidated financial statements relating to the cash flow derivative instruments for the three and nine months ended September 30, 2018 and September 30, 2017 (after tax):

	For the Three Months Ended September 30,
(In thousands)	2018		2017
Interest rate contracts
Amount of gain/(loss) recognized in OCI (effective portion)	$	514	$	131
Amount of gain/(loss) reclassified from OCI to interest expense		20		—
Amount of gain/(loss) recognized in other non-interest expense		—		—

	For the Nine Months Ended September 30,
(In thousands)	2018		2017
Interest rate contracts
Amount of gain/(loss) recognized in OCI (effective portion)	$	1,597	$	605
Amount of gain/(loss) reclassified from OCI to interest expense		64		—
Amount of gain/(loss) recognized in other non-interest expense		—		—

Schedule of Notional Amount and Fair Value

The following tables reflect the cash flow hedges included in Other Assets in the financial statements as of September 30, 2018 and December 31, 2017:

	September 30, 2018
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing deposits	$	230,000	$	3,536

	December 31, 2017
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing demand    brokered deposits	$	180,000	$	1,394

Not Designated as Hedging Instrument [Member]

Schedule of Information about Derivatives

Information about these swaps is as follows:

(Dollars in thousands)	September 30, 2018			December 31, 2017
Notional amount	$	425,151		$	317,363
Fair value	$	12,027		$	3,131
Weighted average pay rates		4.28	%		4.11	%
Weighted average receive rates		4.05	%		3.43	%
Weighted average maturity		7.5	years		7.6	years
Number of contracts		57			42