DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2013

DERIVATIVES

Summary of information about the interest rate swap designated as a cash flow hedge

(Dollars in thousands)	September 30, 2013			September 30, 2012			December 31, 2012
Notional amounts	$	50,000		$	15,000		$	15,000
Weighted average pay rates	1.39		%	0.99		%	0.99		%
Weighted average receive rates	0.26		%	0.46		%	0.31		%
Weighted average maturity	4.81 years			4.74 years			4.49 years
Unrealized losses	$	(438	)	$	(203	)	$	(176	)

Schedule of the net gains (losses) recorded, net of tax, in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments

	2013
	Amount of gain			Amount of gain		Amount of gain (loss)
	(loss) recognized			(loss) reclassified		recognized in other
	in OCI			from OCI to		non interest income
(In thousands)	(Effective Portion)			interest income		(Ineffective Portion)
Interest rate contracts	$	(158	)	$	—	$	—

	2012
	Amount of gain			Amount of gain		Amount of gain (loss)
	(loss) recognized			(loss) reclassified		recognized in other
	in OCI			from OCI to		non interest income
(In thousands)	(Effective Portion)			interest income		(Ineffective Portion)
Interest rate contracts	$	(122	)	$	—	$	—

Schedule of cash flow hedge included in the Consolidated Balance Sheet

	September 30, 2013					December 31, 2012
	Notional		Fair			Notional		Fair
(In thousands)	Amount		Value			Amount		Value
Included in other assets/(liabilities):
Interest rate swaps related to FHLB Advances	$	40,000	$	(301	)	$	15,000	$	(176	)
Forward starting interest rate swap related to repurchase agreements	$	10,000	$	(137	)	$	—	$	—