COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Summary of Contractual and Notional Amounts of Financial Instruments

The following is a summary of the contractual and notional amounts of the Company’s financial instruments:

	March 31, 2015		December 31, 2014
Lending-Related Instruments:
Loan origination commitments and unadvanced lines of credit:
Home equity	$	323,583	$	303,815
Commercial and commercial real estate	48,290		47,066
Residential	15,525		10,975
Letters of credit	4,016		3,103
Other commitments	2,415		1,305
Derivative Financial Instruments:
Interest rate swaps	43,000		43,000
Forward-starting interest rate swaps	50,000		—
Customer loan swaps	91,556		58,234

Summary of Derivative Financial Instruments

The terms of the interest rate swap agreements are as follows: 

						March 31, 2015			December 31, 2014
Notional Amount		Trade Date	Maturity Date	Variable Index Received	Fixed Rate Paid	Fair Value(1)			Fair Value(1)
$	10,000	3/18/2009	6/30/2021	3-Month USD LIBOR	5.09%	$	(1,224	)	$	(1,092	)
10,000		7/8/2009	6/30/2029	3-Month USD LIBOR	5.84%	(2,873		)	(2,511		)
10,000		5/6/2010	6/30/2030	3-Month USD LIBOR	5.71%	(2,824		)	(2,434		)
5,000		3/14/2011	3/30/2031	3-Month USD LIBOR	4.35%	(1,486		)	(1,279		)
8,000		5/4/2011	7/7/2031	3-Month USD LIBOR	4.14%	(2,163		)	(1,827		)
$	43,000					$	(10,570	)	$	(9,143	)
(1) Presented within accrued interest and other liabilities on the consolidated statements of condition.

The terms of the interest rate swap agreements are as follows:

						March 31, 2015
Notional Amount		Trade Date	Maturity Date	Variable Index Received	Fixed Rate Paid	Fair Value(1)
$	25,000	2/25/2015	2/25/2018	30-Day FHLBB	1.54%	$	(154	)
25,000		2/25/2015	2/25/2019	30-Day FHLBB	1.74%	(222		)
$	50,000					$	(376	)
(1) Presented within accrued interest and other liabilities on the consolidated statements of condition.