DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of information about derivative assets and liabilities

Information about derivative assets and liabilities at March 31, 2017, follows:

			Weighted	Estimated
	Notional Amount		Average Maturity	Fair Value Asset (Liability)
	(In thousands)		(In years)	(In thousands)
Cash flow hedges:
Interest rate caps agreements	$	90,000	5.9	$	1,387
Total cash flow hedges	90,000		5.9	1,387
Economic hedges:
Forward sale commitments	13,379		0.2	(55		)
Total economic hedges	13,379		0.2	(55		)
Non-hedging derivatives:
Interest rate lock commitments	12,206		0.2	98
Total non-hedging derivatives	12,206		0.2	98
Total	$	115,585		$	1,430

As of December 31, 2016 the Company had interest rate cap agreements totaling $90 million (notional amount), with a weighted average maturity of 6.1 years, and an estimated fair value of $1,748.

Information about derivative assets and liabilities for the three months ended March 31, 2017 and March 31, 2016, follows:

	Three Months Ended March 31,
(In thousands)	2017			2016
Cash flow hedges:
Interest rate cap agreements
Realized in interest expense	$	39		$	3
Economic hedges:
Forward commitments
Realized gain in other non-interest income	(78		)	—
Non-hedging derivatives:
Interest rate lock commitments
Realized loss in other non-interest income	2			—