CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Schedule of Actual and Required Capital Ratios

The actual and required capital ratios were as follows:

	March 31, 2017		Regulatory Minimum to be Well Capitalized		December 31, 2016		Regulatory Minimum to be Well Capitalized
Company (consolidated)
Total capital to risk weighted assets	13.6	%	10.0	%	16.5	%	10.0	%
Common equity tier 1 capital to risk weighted assets	11.1		6.5		15.0		6.5
Tier 1 capital to risk weighted assets	12.1		8.0		15.0		8.0
Tier 1 capital to average assets	8.0		5.0		8.9		5.0
Bank
Total capital to risk weighted assets	13.7	%	10.0	%	16.7	%	10.0	%
Common equity tier 1 capital to risk weighted assets	12.9		6.5		15.2		6.5
Tier 1 capital to risk weighted assets	12.9		8.0		15.2		8.0
Tier 1 capital to average assets	8.6		5.0		9.1		5.0

Schedule of Components of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive income is as follows:

(In thousands)	March 31, 2017			December 31, 2016
Other accumulated comprehensive loss, before tax:
Net unrealized holding loss on AFS securities	$	(2,153	)	$	(3,269	)
Net unrealized loss on effective cash flow hedging derivatives	(2,989		)	(2,766		)
Net unrealized holding loss on post-retirement plans	(565		)	(622		)
Income taxes related to items of accumulated other comprehensive loss:
Net unrealized holding loss on AFS securities	796			1,144
Net unrealized loss on effective cash flow hedging derivatives	1,051			968
Net unrealized holding loss on post-retirement plans	198			219
Accumulated other comprehensive loss	$	(3,662	)	$	(4,326	)

Schedule of Components of Other Comprehensive Income

The following table presents the components of other comprehensive income for the three months ended March 31, 2017 and 2016:

(In thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended March 31, 2017
Net unrealized holding gain on AFS securities:	x
Net unrealized gain arising during the period	$	1,116		$	(348	)	$	768
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized holding gain on AFS securities	1,116			(348		)	768
Net unrealized loss on cash flow hedging derivatives:
Net unrealized loss arising during the period	(223		)	83			(140		)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on cash flow hedging derivatives	(223		)	83			(140		)
Net unrealized holding loss on post-retirement plans:
Net unrealized gain arising during the period	57			(21		)	36
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized holding gain on post-retirement plans	57			(21		)	36
Other comprehensive income	$	950		$	(286	)	$	664
Three Months Ended March 31, 2016
Net unrealized holding gains on AFS securities:
Net unrealized gains arising during the period	$	7,363		$	(2,577	)	$	4,786
Less: reclassification adjustment for gains realized in net income	1,436			(503		)	933
Net unrealized holding gains on AFS securities	5,927			(2,074		)	3,853
Net unrealized (loss) on cash flow hedging derivatives:
Net unrealized (loss) arising during the period	(714		)	250			(464		)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized (loss) on cash flow hedging derivatives	(714		)	250			(464		)
Net unrealized holding gain on post-retirement plans:
Net unrealized gain arising during the period	73			(26		)	47
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized holding gain on post-retirement plans	73			(26		)	47
Other comprehensive income	$	5,286		$	(1,850	)	$	3,436

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 March 31, 2017 and 2016:

(in thousands)	Net unrealized holding gain on AFS Securities			Net loss on effective cash flow hedging derivatives			Net unrealized holding loss on pension plans			Total
Three Months Ended March 31, 2017
Balance at beginning of period	$	(2,125	)	$	(1,798	)	$	(403	)	$	(4,326	)
Other comprehensive gain(loss) before reclassifications	768			(140		)	36			664
Less: amounts reclassified from accumulated other comprehensive income	—			—			—			—
Total other comprehensive income	768			(140		)	36			664
Balance at end of period	$	(1,357	)	$	(1,938	)	$	(367	)	$	(3,662	)
Three Months Ended March 31, 2016
Balance at beginning of period	$	5,713		$	(1,621	)	$	(463	)	$	3,629
Other comprehensive gain before reclassifications	4,786			(464		)	47			4,369
Less: amounts reclassified from accumulated other comprehensive income	933			—			—			933
Total other comprehensive income	3,853			(464		)	47			3,436
Balance at end of period	$	9,566		$	(2,085	)	$	(416	)	$	7,065

Schedule of Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2017 and 2016:

						Affected Line Item in the
	Three Months Ended March 31,					Statement where Net Income
(in thousands)	2017		2016			is Presented
Realized gains on AFS securities:
	$	—	$	1,436		Non-interest income
	—		(503		)	Tax expense
Total reclassifications for the period	$	—	$	933		Net of tax