CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

Schedule of Actual and Required Capital Ratios

The actual and required capital ratios were as follows:

	June 30, 2018		Regulatory Minimum to be "Well Capitalized"		December 31, 2017		Regulatory Minimum to be "Well Capitalized"
Company (consolidated)
Total capital to risk weighted assets	13.9	%	N/A		13.7	%	N/A
Common equity tier 1 capital to risk weighted assets	11.5		N/A		11.3		N/A
Tier 1 capital to risk weighted assets	12.4		N/A		12.2		N/A
Tier 1 capital to average assets	8.3		N/A		8.1		N/A
Bank
Total capital to risk weighted assets	13.7	%	10.0	%	13.7	%	10.0	%
Common equity tier 1 capital to risk weighted assets	12.9		6.5		12.9		6.5
Tier 1 capital to risk weighted assets	12.9		8.0		12.9		8.0
Tier 1 capital to average assets	8.6		5.0		8.6		5.0

Schedule of Components of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive (loss) income is as follows:

(in thousands)	June 30, 2018			December 31, 2017
Other accumulated comprehensive loss, before tax:
Net unrealized loss on AFS securities	$	(16,530	)	$	(2,741	)
Net unrealized loss on effective cash flow hedging derivatives	(2,708		)	(3,588		)
Net unrealized loss on post-retirement plans	(905		)	(946		)
Income taxes related to items of accumulated other comprehensive loss:
Net unrealized loss on AFS securities	3,937			1,030
Net unrealized loss on effective cash flow hedging derivatives	644			1,338
Net unrealized loss on post-retirement plans	215			353
Accumulated other comprehensive loss	$	(15,347	)	$	(4,554	)

Schedule of Components of Other Comprehensive Income

The following table presents the components of other comprehensive income (loss) for the three months ended June 30, 2018 and 2017:

(in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2018
Net unrealized loss on AFS securities:
Net unrealized loss arising during the period	$	(3,087	)	$	731		$	(2,356	)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on AFS securities	(3,087		)	731			(2,356		)
Net unrealized gain on derivative hedges:
Net unrealized gain arising during the period	226			(54		)	172
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on derivative hedges	226			(54		)	172
Net unrealized gain on post-retirement plans:
Net unrealized gain arising during the period	—			—			—
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on post-retirement plans	—			—			—
Other comprehensive loss	$	(2,861	)	$	677		$	(2,184	)
Three Months Ended June 30, 2017
Net unrealized gain on AFS securities:
Net unrealized gain arising during the period	$	3,485		$	(1,292	)	$	2,193
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on AFS securities	3,485			(1,292		)	2,193
Net unrealized loss on derivative hedges:
Net unrealized loss arising during the period	(481		)	242			(239		)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on derivative hedges	(481		)	242			(239		)
Net unrealized (loss) gain on post-retirement plans:
Net unrealized (loss) gain arising during the period	(15		)	18			3
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized (loss) gain on post-retirement plans	(15		)	18			3
Other comprehensive income	$	2,989		$	(1,032	)	$	1,957

(in thousands)	Before Tax			Tax Effect			Net of Tax
Six Months Ended June 30, 2018
Net unrealized loss on AFS securities:
Net unrealized loss arising during the period	$	(13,789	)	$	3,274		$	(10,515	)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on AFS securities	(13,789		)	3,274			(10,515		)
Net unrealized gain on derivative hedges:
Net unrealized gain arising during the period	880			(209		)	671
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on derivative hedges	880			(209		)	671
Net unrealized gain on post-retirement plans:
Net unrealized gain arising during the period	41			(10		)	31
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on post-retirement plans	41			(10		)	31
Other comprehensive loss	$	(12,868	)	$	3,055		$	(9,813	)
Six Months Ended June 30, 2017
Net unrealized holding gain on AFS securities:
Net unrealized gain arising during the period	$	4,601		$	(1,640	)	$	2,961
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized holding gain on AFS securities	4,601			(1,640		)	2,961
Net unrealized loss on cash flow hedging derivatives:
Net unrealized loss arising during the period	(704		)	325			(379		)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on cash flow hedging derivatives	(704		)	325			(379		)
Net unrealized holding gain on post-retirement plans:
Net unrealized gain arising during the period	42			(3		)	39
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized holding gain on post-retirement plans	42			(3		)	39
Other comprehensive income	$	3,939		$	(1,318	)	$	2,621

Schedule of Gross Changes in Each Component of Accumulated Other Comprehensive Income

The following table presents the changes in each component of accumulated other comprehensive income (loss), for the three months ended June 30, 2018 and 2017:

(in thousands)	Net unrealized holding (loss) gain on AFS Securities			Net loss on effective cash flow hedging derivatives			Net unrealized holding loss on pension plans			Total
Three Months Ended June 30, 2018
Balance at beginning of period	$	(10,239	)	$	(2,236	)	$	(688	)	$	(13,163	)
Other comprehensive (loss) gain before reclassifications	(2,356		)	172			—			(2,184		)
Less: amounts reclassified from accumulated other comprehensive income	—			—			—			—
Total other comprehensive income (loss)	(2,356		)	172			—			(2,184		)
Balance at end of period	$	(12,595	)	$	(2,064	)	$	(688	)	$	(15,347	)
Three Months Ended June 30, 2017
Balance at beginning of period	$	(1,357	)	$	(1,938	)	$	(367	)	$	(3,662	)
Other comprehensive gain (loss) before reclassifications	2,193			(239		)	3			1,957
Less: amounts reclassified from accumulated other comprehensive income	—			—			—			—
Total other comprehensive income (loss)	2,193			(239		)	3			1,957
Balance at end of period	$	836		$	(2,177	)	$	(364	)	$	(1,705	)
Six Months Ended June 30, 2018
Balance at beginning of period	$	(1,713	)	$	(2,250	)	$	(591	)	$	(4,554	)
Other comprehensive (loss) gain before reclassifications	(10,515		)	671			31			(9,813		)
Less: amounts reclassified from accumulated other comprehensive income	—			—			—			—
Total other comprehensive loss	(10,515		)	671			31			(9,813		)
Less: amounts reclassified from accumulated other comprehensive income for ASU 2018-02	(367		)	(485		)	(128		)	(980		)
Balance at end of period	$	(12,595	)	$	(2,064	)	$	(688	)	$	(15,347	)
Six Months Ended June 30, 2017
Balance at beginning of period	$	(2,125	)	$	(1,798	)	$	(403	)	$	(4,326	)
Other comprehensive gain (loss) before reclassifications	2,961			(379		)	39			2,621
Less: amounts reclassified from accumulated other comprehensive income	—			—			—			—
Total other comprehensive income	2,961			(379		)	39			2,621
Balance at end of period	$	836		$	(2,177	)	$	(364	)	$	(1,705	)