DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2018

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule fair value of the Company's derivative financial instruments as well as classification on the condensed consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of March 31, 2018 and December 31, 2017 (in thousands):

		Asset Derivatives					Liabilty Derivatives
		Fair value as of:					Fair value as of:
Derivatives designated as hedging instruments	Balance Sheet Location	March 31, 2018		December 31, 2017		Balance Sheet Location	March 31, 2018		December 31, 2017
Interest rate products	Other assets	$	800	$	196	Other liabilities	$	—	$	—

Schedule of effect of cash flow hedge accounting on accumulated other comprehensive income (OCI)

The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (OCI) for the quarters ended March 31, 2018 and 2017 (in thousands):

	Amount of gain (loss) recognized in OCI on derivative					Location of gain (loss) reclassified	Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)
Derivatives in cash flow	Three months ended March 31,					from accumulated	Three months ended March 31,
hedging relationships	2018		2017			OCI into income	2018			2017
Interest rate products	$	568	$	(134	)	Interest expense	$	(36	)	$	(48	)

Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statement of income and comprehensive income

		Total amounts of income and expense line items presented that reflect the effects of cash flow hedges recorded
		Three months ended March 31,
Derivatives designated as hedging instruments	Balance Sheet Location	2018		2017
Interest rate products	Other assets	$	614	$	523

Schedule of fair value provides the location that derivative assets and liabilities

As of	Gross amounts of		Gross amounts offset in the condensed		Net amounts of assets presented in the condensed		Gross amounts not offset in the condensed consolidated balance sheets
March 31, 2018	recognized assets		consolidated balance sheets		consolidated balance sheets		Financial instruments		Cash collateral received		Net amount
Derivatives	$	800	$	—	$	800	$	—	$	—	$	800

As of	Gross amounts of		Gross amounts offset in the condensed		Net amounts of assets presented in the condensed		Gross amounts not offset in the condensed consolidated balance sheets
December 31, 2017	recognized assets		consolidated balance sheets		consolidated balance sheets		Financial instruments		Cash collateral received		Net amount
Derivatives	$	196	$	—	$	196	$	—	$	—	$	196