DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Information about Derivatives

The following table presents information about the interest rate swaps designated as cash flow hedges as of March 31, 2019 and December 31, 2018:

(Dollars in thousands)	March 31, 2019				December 31, 2018
Notional amount	$	230,000			$	230,000
Weighted average pay rate		2.04		%		2.04	%
Weighted average receive rate		2.54		%		2.33	%
Weighted average maturity		2.40		years		2.65	years
Unrealized (loss)/gain, net	$	(739	)		$	808
Number of contracts		11				11

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 months ended March 31, 2019 and March 31, 2018:

	For the Three Months Ended March 31,
(In thousands)	2019			2018
Interest rate contracts
Amount of gain/(loss) recognized in OCI	$	(1,547	)	$	741
Amount of loss reclassified from OCI to interest expense		(31	)		(31	)

Schedule of Notional Amount and Fair Value

The following tables reflect the cash flow hedges included in Other Assets and Other Liabilities in the financial statements as of March 31, 2019 and December 31, 2018:

	March 31, 2019
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing deposits	$	230,000	$	(739	)
Total included in other assets		130,000		1,096
Total included in other liabilities		100,000		(1,835	)

	December 31, 2018
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing deposits	$	230,000	$	808
Total included in other assets		130,000		1,657
Total included in other liabilities		100,000		(849	)

Not Designated as Hedging Instrument [Member]

Schedule of Information about Derivatives

Information about these swaps is as follows:

(Dollars in thousands)	March 31, 2019			December 31, 2018
Notional amount	$	567,842		$	558,690
Fair value	$	16,515		$	9,689
Weighted average pay rates		4.44	%		4.44	%
Weighted average receive rates		4.37	%		4.24	%
Weighted average maturity		7.0	years		7.1	years
Number of contracts		69			67